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FSSAI proposes ban on fructose and sucrose in infant food
The Food Safety and Standards Authority of India (FSSAI) has proposed a ban on the addition of fructose and sucrose in food products meant for infants up to six months old.
ICICI Bank's Q2 results: Net profit jumps 20.1% to ₹14,843cr
ICICI Bank has reported a 20.1% year-on-year increase in its standalone net profit for the second quarter of FY27.
IDBI Bank's Q2 profit declines 39% YoY to ₹2,206cr
IDBI Bank has reported a 39.2% year-on-year decline in its net profit for the second quarter of FY27.
Central Bank's Q2 results: Net profit rises 21% to ₹1,469cr
The Central Bank of India has announced a 21% year-on-year increase in its standalone net profit for the second quarter of FY27.
HDFC Bank's Q2 profit up 4.7% to ₹19,510cr
HDFC Bank has reported a 4.7% year-on-year increase in its net profit for the second quarter of FY27.
Berkshire Hathaway invests $330 million in Bending Spoons, stake tops $900 million
Italy's Bending Spoons is acquiring undervalued software companies, with Berkshire Hathaway investing over $900 million to support this strategic initiative.
RBI grants in principle approval to Freecharge, Axis Bank unit
Axis Bank's Freecharge secured in-principle approval from the RBI to operate as a payment aggregator, enhancing its digital payments platform and expanding its market presence.
Central Bank of India Q2FY26 net profit ₹1,469cr up 21pc
Central Bank of India reported a 21% increase in net profit to Rs 1,469 crore for September 2026, driven by strong loan growth and improved asset quality.
HDFC Bank deputy MD Kaizad Bharucha resigns amid leadership overhaul
HDFC Bank's Deputy Managing Director, Kaizad Bharucha, will step down on December 31, 2026, amid the bank's ongoing leadership transition and governance scrutiny.
IDBI Bank Q2 FY27 profit down 39% 2,205cr ex-one-time-sale +14%
IDBI Bank's net profit fell 39% year-on-year to Rs 2,205 crore in Q2 FY27, while net interest income dropped 49% YoY to Rs 1,353 crore.
Apple's smartphone shipments to rise despite overall market decline
Apple is poised to be the only major smartphone maker to increase shipments in 2026, according to a recent investor note by Jeff Pu and Henry Huang from GF Securities.
Apple appoints former Meta executive to lead global litigation
Apple has appointed Scott Tucker, a former Meta executive, as its new Vice President of Global Litigation and Financial Services.
Jefferies warns higher borrowing costs squeeze AI infrastructure investment
A Jefferies report highlights increased credit risks and borrowing costs for AI infrastructure firms, signaling potential challenges in sustaining the global AI investment boom.
Gold near $4,170 as Fed signals rates may remain unchanged
Gold prices held near $4,170 an ounce as reduced Federal Reserve rate-hike expectations balanced the impact of rising oil prices and higher US Treasury yields.
Jefferies warns AI stocks' earnings growth will sharply slow
Jefferies projects a sharp slowdown in AI stocks' earnings growth over the next two years, urging investors to diversify beyond the technology sector for better opportunities.
Big US banks block AI bots from customer accounts
Major American banks, including Citigroup and Bank of America, are restricting AI agents from accessing customer accounts to prevent uncontrolled transactions.
Jamie Dimon says AI could mean 3.5 day weeks, $300,000
JPMorgan CEO Jamie Dimon foresees AI advancements leading to shorter workweeks and significantly higher incomes, comparing its rapid growth to a global tsunami.
HDFC Bank Q2 FY27 profit up 4.7% at ₹19,510 cr
HDFC Bank reported a 4.7% increase in net profit to Rs 19,510 crore for Q2 FY27, with net interest income rising 9.7% to Rs 34,619.2 crore.
Sunil Bharti Mittal at Goldman Sachs says ChatGPT helps telecoms
Sunil Bharti Mittal highlights how AI tools like ChatGPT are unlocking new possibilities for businesses, urging companies to embrace technological changes to stay competitive.
Anthropic offers Blackstone over 10% yield for $60B chip-financing deal
Anthropic, an artificial intelligence (AI) research company, is offering Blackstone a yield of more than 10% to finance a $60 billion chip-financing deal.
Axis Bank posts 38% Q2 profit jump to ₹7,003cr
Axis Bank reported a 38% year-on-year increase in net profit to Rs 7,003 crore for Q2 FY27, with net interest income rising 12% to Rs 15,371 crore.
This is how AI is affecting Anthropic's workforce
Anthropic, a leading artificial intelligence (AI) company, has released a case study detailing the impact of AI on its workforce.
AI risks could outweigh benefits, need ethical framework: IMF chief
International Monetary Fund (IMF) chief Kristalina Georgieva has warned that the risks posed by artificial intelligence (AI) could outweigh its benefits.
SpaceX sales lead Graham Seamans heads to OpenAI
OpenAI has hired Graham Seamans, a former SpaceX sales lead, to head sales for its cybersecurity business.
Ixigo posts 61.3cr Q2 profit, revenue up 12.9% to 321cr
Ixigo's parent company, Le Travenues Technology, reported a net profit of ₹61.3 crore for Q2FY27, with revenue rising 12.9% to ₹321 crore year-on-year.
Nomura gives Paytm 'Buy' rating with ₹2,250 target, 33% upside
Paytm shares have surged 50% over six months, yet Nomura initiates a 'Buy' rating with a ₹2,250 target, anticipating an additional 33% upside driven by earnings growth.
Cult.fit gets SEBI nod for IPO plans
Cult.fit, a leading player in the fitness services and active lifestyle sector, has received observations from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO).
Vodafone Idea introduces India's 1st prepaid family plan: Check benefits
Vodafone Idea (Vi) has launched India's first-ever prepaid family plan, allowing users to share data among family members.
Burma Burma parent Hunger Pangs files SEBI IPO seeking ₹150Cr
Hunger Pangs Ltd, the operator of Burma Burma Restaurant & Tea Room, has submitted preliminary IPO papers to SEBI to expand its restaurant network across India.
Why China's AI stocks are taking a beating
China's artificial intelligence (AI) stocks have taken a major hit, with the country's Nasdaq-style Star50 Index plunging nearly 40% in the current half-year.
California: Ultra-rich spending $1M per day to defeat billionaire tax
Silicon Valley's tech billionaires are pouring massive amounts of money into a campaign against California's proposed wealth tax.
Charles Schwab won't let unauthorized AI agents access client accounts
Charles Schwab is blocking unauthorized artificial intelligence (AI) agents from accessing its clients' accounts.
Anthropic says AI agents now work 6 times human hours
Anthropic's recent study reveals a significant reduction in junior staff hiring, as AI agents now perform six times more work than their human counterparts.
IMF's Kristalina Georgieva warns AI risks without rules in Bangkok
IMF chief Kristalina Georgieva warns that without adequate safeguards and an ethical framework, the risks of artificial intelligence could surpass its opportunities.
Leverage Edu doubles revenue and turns EBITDA positive in FY26
Leverage Edu more than doubled its operating revenue to Rs 364.4 crore in FY26, achieving EBITDA profitability and narrowing net losses by 82% year-on-year.
India's forex reserves fall nearly $60bn as RBI supports rupee
India's foreign exchange reserves have plunged by $60 billion in six weeks as the Reserve Bank of India sold dollars to stabilize the struggling rupee.
OpenAI hires Graham Seamans from xAI as cybersecurity sales chief
OpenAI has hired Graham Seamans from SpaceX to lead sales for its cybersecurity business, continuing its trend of recruiting talent from Elon Musk’s ventures.
Fairfax IDBI sale cleared, Finance Ministry says 2003 proposal invalid
The Finance Ministry addressed media concerns about 2003 legislative developments regarding the government's stake in IDBI Bank, following recent strategic restructuring decisions.
AI data center spending strains CoreWeave Meta and Oracle finances
Investors are questioning the sustainability of AI infrastructure spending as CoreWeave, Meta, and Oracle face debt challenges amid a $4.9 trillion data centre investment boom.
Google and Meta deepen Reliance Industries partnership for AI cloud
Meta and Google transitioned from minority shareholders in Jio Platforms to strategic partners, focusing on AI initiatives and cloud infrastructure with Reliance in India.
India moves to sell 60.72% IDBI Bank stake to Fairfax
The government defended its plan to sell a 60.72% stake in IDBI Bank, citing a 2018 Delhi High Court ruling affirming its legal authority for disinvestment.
Anthropic offers Blackstone over 10% yield for $60B chip financing
Anthropic is providing Blackstone a yield exceeding 10% to finance a $60 billion AI chip acquisition, marking the largest chip-financing arrangement to date.
Elon Musk replies 'Much appreciated' to Reliance on Jio clearances
Elon Musk thanked Reliance Industries after it stated that Jio's satellite services, like Starlink, are also awaiting government clearances for entry into India.
China's Star50 tech index down nearly 40% now worst globally
The faltering global AI trade has severely impacted Chinese tech stocks, with the Star50 index down nearly 40%, making it the worst-performing major tech gauge worldwide.
AI linked tech stocks and rising oil hit Wall Street
Wall Street fell sharply on Friday, driven by pressure on AI-related stocks like CoreWeave and Broadcom, while rising oil prices added to market anxiety.
Chinese tech stocks slump as Star50 index falls nearly 40%
Chinese tech stocks, including the Star50 Index, have plummeted nearly 40% this half year, marking them as the worst performers globally amid a faltering AI trade.
Apple hires ex-Meta Scott Tucker as VP of litigation, finance
Apple has appointed Scott Tucker, a former Meta executive, as its vice president of global litigation and financial services amid a broader legal team reorganization.
PTT-backed Avaada to invest ₹40,000cr in green ammonia and methanol
Avaada plans to invest ₹20,000 crore each in green ammonia and methanol plants in Odisha and Maharashtra, aiming for a total of four green fuel facilities.
Old IITs' placement season dominated by AI and tech jobs
As job placements approach, India's top IITs are witnessing increased pre-placement offers, driven by a growing demand for roles in artificial intelligence and related fields.
India's 2047 development target requires 8% to 9% annual growth
India aims for sustained annual growth of 8-9% over two decades to achieve developed nation status by 2047, necessitating ongoing reforms and policy interventions.
Reliance urges employees to invest in Jio Platforms' planned IPO
Mukesh Ambani, the billionaire chairman of Reliance Industries Ltd. is leveraging his company's massive workforce to generate interest in the upcoming initial public offering (IPO) of Jio Platforms Ltd.
Centre may hike fuel prices in November
India is likely to increase retail fuel prices in November, a move that could push the country's inflation above the Reserve Bank of India (RBI)'s target range.
Reliance welcomes Starlink, but insists all operators follow Indian laws
Reliance Industries Limited (RIL) has welcomed foreign competition, including Elon Musk's Starlink.
BigBasket, Flipkart among 6 firms penalized by Indian food regulator
The Food Safety and Standards Authority of India (FSSAI) has taken action against six food businesses, including BigBasket and Flipkart.
Rules to regulate airfares have been finalised, Centre tells SC
The Indian government has finalized rules to regulate airfares and will publish them in two weeks, Solicitor General Tushar Mehta told the Supreme Court on Friday.
Jio IPO could make Reliance India's largest conglomerate: Uday Kotak
Jio Platforms' upcoming listing could push Reliance Group past Tata Group to become India's most valuable conglomerate by market capitalization.
India signs ₹2,500cr deal for GSAT-7C military communications satellite
The Indian Ministry of Defence has signed a ₹2,563 crore deal with NewSpace India Limited (NSIL) for the design, development, and manufacture of GSAT-7C.
Ather Energy gets regulatory nod to sell insurance policies
Ather Insurance, a wholly-owned subsidiary of electric two-wheeler manufacturer Ather Energy, has received regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI).
Why Anthropic is being asked to postpone its planned IPO
New York City Comptroller Mark D. Levine has urged Anthropic, an artificial intelligence (AI) lab, to postpone its upcoming US initial public offering (IPO).
Apple, NVIDIA donated $25M each to Trump's White House ballroom
A recent report by The Washington Post has unveiled the major contributors to President Donald Trump's White House ballroom project.
SEBI changes closing auction rules after trader pushback
The Securities and Exchange Board of India (SEBI) has issued a final framework for the Closing Auction Session (CAS).
Maruti Suzuki gets ₹13,000cr tax relief
Maruti Suzuki has received a major tax relief from the Income Tax Appellate Tribunal (ITAT).
Will Jio hike tariffs? Here's what Akash Ambani said
Akash Ambani, the Managing Director of Reliance Jio, has hinted that the telecom giant could increase mobile tariffs in the future.
Centre revises windfall tax on petrol and diesel exports
The Indian government has revised the windfall tax on petrol and diesel exports.
Flipkart FY26 revenue rises 18% to ₹1.46 trillion
Flipkart Group has reported an 18% increase in its revenue from operations for the fiscal year ending March 2026.
Jio plans to shift to 6G through software upgrades
Jio Platforms plans to transition to 6G through software upgrades, not a complete infrastructure overhaul.
Myntra goes from ₹549 crore profit to ₹579 crore loss
Myntra, the fashion e-commerce platform owned by Flipkart, has reported a net loss of ₹579 crore for the fiscal year 2026.
US-India trade deal: Piyush Goyal says 1st tranche finalized
The first phase of a trade agreement between India and the United States has been finalized, Commerce Minister Piyush Goyal announced on Thursday.
How Jio IPO will change stakes of Meta, Google
Jio Platforms, a subsidiary of Reliance Industries, is set to launch India's largest-ever public issue with an initial public offering (IPO) worth over ₹30,000 crore.
TSMC Q3 profit jumps 69% to record $23.6 billion
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, has reported a record third-quarter profit, beating estimates.
'Energy drink' ban could lead to nationwide stock-out: PepsiCo
PepsiCo has warned that a continued ban on the "energy drink" label could lead to a nationwide stock-out of its top-selling products, Sting and others, in two months.
Air India implements cost-saving measures amid $2B losses
Air India has formed a dedicated team to identify cost-saving opportunities across its operations, Reuters reported.
Bonfiglioli IPO opens with 30% GMP: Should you subscribe?
Bonfiglioli Transmissions, a leading player in the mechanical and electromechanical power transmission space, has opened its initial public offering (IPO) for subscription today.
Salary hikes in India to average 9% in FY27: Survey
India's salary growth is expected to remain strong at 9.1% in the fiscal year 2026-27, according to a survey by global professional services firm Aon.
Train passengers buying tickets at counters to get insurance cover
The Supreme Court of India has directed the Indian Railways to provide insurance coverage for counter tickets from October 27.
Tonbo Imaging IPO opens with 71% GMP: Apply or avoid?
Tonbo Imaging India, a leading defense technology company, has opened its Initial Public Offering (IPO) for subscription today.
Own RIL shares? You get separate quota in Jio IPO
Reliance Jio's upcoming initial public offering (IPO) will have a separate category for existing shareholders of its parent company, Reliance Industries Limited (RIL).
AI start-up developing cancer drugs raises $150M in US IPO
Iambic Therapeutics, a clinical-stage cancer drugmaker and tech firm, has raised $150 million in its US initial public offering (IPO).
Jio IPO GMP hits 20% ahead of October 21 launch
The gray market has reacted positively to Jio Platforms' announcement of its initial public offering (IPO) price band and issue size.
IDBI Bank shares fall 6% after nearly ₹53,000cr deal
IDBI Bank's shares plummeted by as much as 6.05% to ₹84.97 on Thursday, after the government approved the sale of a controlling stake in the lender to Canada's Fairfax Financial Holdings.
Apple reaches $5 trillion market cap, 2nd company after NVIDIA
Apple has become the second publicly traded company in history to achieve a market capitalization of over $5 trillion, after NVIDIA, which officially became the world's first $5 trillion company in October last year.
South Korea halts trading as KOSPI plunges 8%
South Korea's benchmark KOSPI index witnessed a massive fall of nearly 8% on Thursday, prompting an automatic trading halt.
OpenAI names former xAI executive head of infrastructure and compute
OpenAI has announced the appointment of Uday Ruddarraju, a former xAI executive, as the new head of its infrastructure and compute businesses.
Sensex surges over 800 points: What's behind today's rally?
India's benchmark indices, Sensex and Nifty, witnessed a significant surge on October 15. The upward trend was largely attributed to a spike in IT shares.
Anthropic Q3 revenue jumps 45% to nearly $17B
Anthropic, an artificial intelligence (AI) start-up founded by former OpenAI executives, has reported a 45% increase in its third-quarter revenue.
Jio Platforms IPO to open for subscription on October 21
Jio Platforms, the digital services giant, is gearing up for its much-anticipated initial public offering (IPO).
Why Netflix is cutting around 6% of its workforce
Netflix has announced a major round of layoffs, cutting around 1,000 jobs or nearly 6% of its global workforce.
Blackstone wants to double India investments to $100B by 2031
Blackstone, the global investment firm, plans to double its investments in India from the current $50 billion to a whopping $100 billion over the next five years.