Business News
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After $47 billion debut, NSE chair urges self-listing rules rethink
NSE Chairman Srinivas Injeti suggests India should reconsider allowing exchanges to list on their own platforms, citing the maturity of the country's capital markets.
ArcelorMittal takes $1bn hit after Russian strikes at Kryvyi Rih
ArcelorMittal announced a $1 billion non-cash impairment charge due to missile strikes damaging its Kryvyi Rih operations in Ukraine, halting safe and sustainable production.
Ekkaa Electronics (India) Ltd files ₹725cr IPO plan with OFS
Ekkaa Electronics (India) Ltd has filed draft papers with SEBI to raise ₹725 crore through an IPO, aiming to strengthen its balance sheet and fund working capital needs.
Indian government reviews fresh bids for 60.72% IDBI Bank stake
The government is assessing financial bids for a 60.72% stake in IDBI Bank, with Fairfax Financial Holdings and Emirates NBD as key contenders, sources revealed.
SBI waives ATM charges nationwide on September 28, 29, 30
State Bank of India will waive ATM transaction charges during the nationwide bank strike from September 28 to 30, 2026, allowing customers to access cash without fees.
Blue Cloud shares jump on GIX ₹147cr IBM Cloud contract
Blue Cloud Softech Solutions' shares soared 17% after its US subsidiary secured a ₹147 crore AI infrastructure project from IBM Cloud, highlighting its strong market positioning.
India to review investment treaties, shorten 5-year wait before arbitration
The Union Cabinet is set to consider a new bilateral investment treaty template aimed at easing dispute settlements and attracting foreign investments to India.
IT firms accelerate CEO changes as investors demand faster results
Leadership changes at Hexaware, CitiusTech, and GlobalLogic reflect the industry's shift towards AI-driven strategies and reduced patience for proving traditional models effective.
Findings at ASIASec2026 show illegal trade in India $231.5B annually
Illicit trade in India is valued at US$231.5 billion annually, resulting in an estimated US$15.6 billion loss in tax revenue, impacting sectors like textiles and tobacco.
Anirudha Kulkarni and Pratyush Saini launch ByteAsk, raise $1 million
Two IIT Delhi graduates, Anirudha Kulkarni and Pratyush Saini, sold their AI legal research startup in four months and have now raised $1 million for a new AI coding venture.
Vodafone Idea launches free international roaming across 170-plus countries
Vodafone Idea now offers free international roaming in over 170 countries, included in select postpaid, prepaid, and enterprise plans.
Philippine Airlines resumes Manila-Delhi, launches 1st-ever Manila-Mumbai December pending approvals
Philippine Airlines will begin flights from Manila to Delhi and Mumbai in December, enhancing connectivity and promoting trade and tourism between the Philippines and India.
Transport Corporation of India shares jump 14.6% on buyback hopes
Shares of Transport Corporation of India Ltd. surged 14% on Friday, driven by anticipation of a board meeting to consider a share buyback proposal.
Indian stock market slides despite Q1 FY2026-27 GDP growth
Despite India's strong Q1 FY2026-27 GDP, the Sensex fell nearly 3,300 points and the Nifty dipped 1,000 due to global macro headwinds and domestic pressures.
FirstCry parent Brainbees Solutions sees Goldman Sachs buy, TPG exits
Goldman Sachs purchased 68 lakh shares of Brainbees Solutions at ₹175 each, totaling approximately ₹119 crore, through a bulk deal on the NSE.
Meta's Muse AI launch sends shares soaring 36% in September
Meta Platforms Inc., the parent company of Facebook, has seen a massive surge in its stock value, jumping by a whopping 36% in September.
Ola Electric shares drop 9% before rights issue board meeting
Shares of Ola Electric Mobility Ltd. fell by up to 9% on September 25, following a four-session rally, as the company announced plans to consider a rights issue for raising funds.
Aiven opens 1st Indian office in Bengaluru for Asia-Pacific expansion
Aiven, a Finnish cloud data infrastructure company, has launched operations in India, focusing on AI-ready and open-source platforms to support its Asia-Pacific expansion.
Motilal Oswal upgrades Indegene to Buy with ₹708 target
Shares of Indegene Ltd. climbed on September 25 following an upgrade to 'Buy' by Motilal Oswal, which set a price target of ₹708 per share.
After IRDAI's revamp proposal, Nithin Kamath warns of regulatory risk
Zerodha co-founder and CEO Nithin Kamath has warned that regulatory risk is the biggest threat to any regulated financial business.
Air IQ files ₹1,000 cr IPO with 60% promoter sale
Air IQ has confidentially filed draft papers with SEBI for an IPO to raise approximately Rs 1,000 crore, featuring a mix of offer for sale and fresh issue.
Microsoft President Brad Smith to oversee communications
Microsoft has made a major organizational shift by moving its communications group from the marketing department to the Corporate, External, and Legal Affairs (CELA) organization.
Piyush Goyal: India attracted $94.53 billion FDI, $843 billion total
Cumulative Foreign Direct Investment (FDI) inflows in India from 2014 to 2026 have reached $843 billion, with a record annual inflow of $94.53 billion in 2025-26.
Lightspeed launches $250 million India Partners V to back AI startups
Lightspeed is launching a $250 million early-stage fund in India, focusing on AI startups as it aligns its regional strategy with global fundraising cycles.
Vertical Aerospace's Cotswold base is U.K.'s 1st air taxi facility
Vertical Aerospace is establishing the UK's first air taxi assembly centre at Cotswold Airport, marking a significant step in British aerospace innovation and manufacturing.
Anand Rathi recommends long term subscribe on German Green IPO
Anand Rathi recommends subscribing to the IPO of German Green Steel and Power Ltd, highlighting its strong market presence in Gujarat and focus on value-added steel products.
India became net importer of finished steel as demand soared
India imported 3.5 million metric tons of finished steel from April to August, marking a 29.5% increase, with China as the leading exporter.
Microsoft appoints president Brad Smith to lead the communications department
Microsoft President Brad Smith will oversee the company's communications department, enhancing his role as a key public-facing executive amid challenges like AI and regulation.
Oil drops below $106 as US and Iran negotiate deal
Brent crude oil futures dropped below $106 a barrel following reports of potential phased deal negotiations between the US and Iran, impacting global oil prices.
Why US Treasury yields crossing 5% is worrying markets
The recent surge in the 10-year US Treasury yield, which recently crossed the 5% mark, has sparked concerns among investors.
US, China reach new trade agreement
The United States and China have reportedly reached a new trade agreement.
ESDS stock hits lower circuit after Q1 fiscal 2027 results
Shares of ESDS Software Solutions fell 5% after Q1 profit dropped over 57% sequentially, with revenue declining 20.2% from the previous quarter.
Sensex and Nifty rebound in India as crude oil eases
Sensex gained 300 points from the day's low, while Nifty rose above 23,100, driven by value buying after a sharp previous session decline.
RBI clears public and regional rural banks to open Sunday
A nationwide bank strike is set for September 28-30, with banks opening on Sunday, September 27, and advance salary payments arranged to minimize disruption.
Rupee gains 6 paise, trades at ₹95.90 per US dollar
The rupee appreciated by six paise to Rs 95.90 per dollar as oil prices eased overnight, while global bond yields continued to rise, affecting market sentiment.
Sensex and Nifty open higher, set for 7th straight loss
Dalal Street opened positively with BSE Sensex rising over 100 points, while NSE Nifty50 traded above 23,000 despite concerns over rising crude prices and global bond yields.
AI adoption leaves computer science and engineering graduates 7.1% jobless
As the coding boom wanes, computer science graduates face a challenging job market, prompting a shift towards acquiring AI skills to meet evolving industry demands.
China's AI film scene grows as Zhu opens in Shenzhen
China is aggressively promoting AI in film, offering subsidies and support to filmmakers, while facing challenges like overcapacity and concerns about originality and copyright.
Nirmala Sitharaman: merchants pay 0.4% MDR on UPI over ₹2,000
Finance Minister Nirmala Sitharaman clarified that the 0.4% Merchant Discount Rate on UPI payments above Rs 2,000 will not be passed to consumers.
Meta stock jumps 36% in September after Muse launch
Meta Platforms Inc.'s shares surged 36% in September, driven by the success of its Muse AI assistant, alleviating concerns over heavy AI investments.
Varmora Granito IPO allotment concludes on September 24, institutions oversubscribed
The Rs 708-crore Varmora Granito IPO is expected to finalize its share allotment today, with grey market trends indicating a potentially muted debut on the stock exchanges.
NSE listing values LIC stake at ₹48,620cr on debut
The National Stock Exchange's market debut has significantly boosted the holdings of major investors like Life Insurance Corporation of India, Radhakishan Damani, and Azim Premji.
Anthropic asks shareholders to approve founders' 50.1% voting control structure
Anthropic is proposing a new corporate structure granting CEO Dario Amodei and co-founders 50.1% voting power, emulating Palantir's model, The Information reports.
Akasa Air seeks over 200 Boeing 737 MAX jets
Akasa Air is reportedly in discussions to purchase over 200 Boeing 737 MAX jets, aiming to bolster its fleet growth beyond 2032.
Akasa Air seeks more than 200 Boeing 737 MAX jets
Mumbai-based Akasa Air is negotiating an order for over 200 Boeing 737 MAX jets to enhance its fleet, aiming to extend operations beyond 2032 and increase capacity by March 2027.
Anant Raj to self-fund ₹25,000 cr data center expansion
Anant Raj Ltd plans a ₹25,000-crore data centre expansion using internal accruals, leveraging its real estate and growing data centre revenue without external funding.
Tata Electronics reshuffles leadership building India's 1st semiconductor facility
Tata Electronics has recruited two semiconductor industry veterans following the departure of senior executives, as it accelerates efforts to establish India's first chip fab.
U.S.-based Mythic AI opens Bengaluru center led by Taner Ozcelik
US-based semiconductor startup Mythic AI has launched a centre of excellence in Bengaluru, aiming to expand its engineering and business operations in Asia.
SEBI allows portfolio managers to use ETFs and index funds
The Sebi board has approved new regulations for portfolio managers, enabling investment in foreign securities and expanding participation in exchange-traded commodity derivatives.
Gold drops over 2% to $4,270 amid Fed rate concerns
Gold prices declined amid ongoing US-Iran tensions, with elevated energy costs fueling expectations of further Federal Reserve interest rate hikes to combat persistent inflation.
Inox Clean Energy to file ₹10,000 cr IPO this week
Inox Clean Energy plans to file a draft red herring prospectus for a ₹10,000 crore IPO with SEBI, marking the largest offering by an Indian renewable energy firm.
NSE becomes 6th-largest after listing with market cap near $47bn
The National Stock Exchange of India has achieved a market capitalisation of nearly $47 billion, ranking it as the sixth largest bourse globally after its recent listing.
NSE debuts with 2% gain, signals investor appetite persists
The National Stock Exchange's modest 2% rise on debut day underscores the challenges faced by India's recent major IPOs, many of which have struggled to achieve significant gains.
SpiceJet delays and maintenance woes cut market share to 1.2%
SpiceJet experienced significant operational challenges in August, with nearly half of its flights delayed over two hours, as its market share plummeted to a five-year low of 1.2%.
Elizabeth Holmes moving to Austin transitional center by August 2027
Elizabeth Holmes, sentenced in 2022 for defrauding investors, will reportedly transfer from a Texas prison to a halfway home next August, with her release set for February 2030.
Oracle pauses Jupiter New Mexico data center, investors grow nervous
Oracle's force majeure notice on a New Mexico data center project by Blue Owl raises concerns in AI infrastructure financing, as lenders grow cautious amid rising interest rates.
US Federal Reserve rolls out draft GENEVA Act stablecoin rules
The U.S. Federal Reserve has introduced two proposals to establish oversight for stablecoin issuers, as part of the GENIUS Act, now open for a 60-day public comment period.
Anthropic signs $11.6B cloud deal with Akamai, gets 5% option
Anthropic has committed to a seven-year, $11.6 billion cloud services agreement with Akamai Technologies, securing an option for up to a 5% stake in the company.
CFTC allows regulated firms to invest in tokenized assets
The U.S. Commodity Futures Trading Commission allows regulated firms to invest in tokenized assets and use blockchain for recordkeeping, enhancing clarity for the crypto industry.
Tesla on trial after 6,000 Black workers allege Fremont racism
In a California trial, Tesla's lawyers claimed the n-word can be a "term of respect and endearment," despite allegations of racial abuse at their Fremont factory.
LPG use in India falls after more than a decade
India's LPG customer base shrank by 6.2 million between April and August 2026, marking the first decline in over ten years due to supply constraints from the Iran war.
Oracle invokes force majeure on Project Jupiter data center
Oracle Corp. has issued a force majeure notice to delay payments on its New Mexico data center, Project Jupiter, amid regulatory setbacks and opposition.
Adani to invest over ₹1 lakh crore in West Bengal
The Adani Group has announced an ambitious plan to invest over ₹1 lakh crore in West Bengal by 2035.
Elizabeth Holmes to leave prison for halfway house in 2027
Elizabeth Holmes, the former CEO of Theranos, has been approved for a transfer to a halfway house next year.
Morgan Stanley's email blunder exposes 100+ potential deals
Morgan Stanley is scrambling to contain the fallout from an email blunder that exposed details of over 100 potential investment-banking deals across Asia.
Reliance to raise ₹10,000cr via bonds
Billionaire Mukesh Ambani's Reliance Industries Limited (RIL) is gearing up for its second major fundraising round.
Amazon to invest $3B in India's fast delivery business
Amazon will invest $3 billion in its fast delivery business in India by 2030. The investment will focus on expanding its network of small neighborhood warehouses, improving delivery efficiency.
HSBC to re-enter India's stock broking business after 13 years
HSBC, the London-headquartered banking giant, is making a comeback in India's stock broking business after 13 years.
IRDAI wants insurers to show prices without personal details
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed major changes in the way insurance is distributed. The aim is to make the process more transparent, competitive, and customer-friendly.
No personal info? You can still view insurance product details
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed a major change in the way insurance companies display their product information.
OpenAI asks court to dismiss xAI lawsuit over Apple partnership
OpenAI, the company behind ChatGPT, has requested a Texas federal judge to dismiss an antitrust lawsuit filed by Elon Musk's AI start-up, xAI.
Sensex falls over 650 points: Factors behind today's market selloff
The Indian stock market witnessed another downturn on Thursday, with the benchmark indices Sensex and Nifty both witnessing sharp declines.
SoftBank raises $11.1B via bonds to fund OpenAI investment
SoftBank Group has raised $11.1 billion through dollar and euro-denominated bonds. The move comes as part of its strategy to generate cash for further investments in artificial intelligence (AI).
NSE shares list at ₹1,800, just 0.8% above IPO price
The National Stock Exchange (NSE) has made its much-anticipated market debut on the Bombay Stock Exchange (BSE).
Banks to remain open Sunday ahead of 3-day nationwide strike
In a bid to minimize disruption in banking services, the Indian government has announced that all public sector banks and Regional Rural Banks will remain open on Sunday.
US, China extend trade truce until January 10
The United States and China have agreed to extend their trade truce until January 10, US Treasury Secretary Scott Bessent announced.
Trump made stock transactions worth up to $270M in July
US President Donald Trump made over 1,000 stock transactions in July alone, according to an analysis by The Guardian.
LG and Samsung facing tariff evasion probe in India
India is investigating South Korean electronics giants LG Electronics and Samsung for allegedly paying lower tariffs on imported display parts for high-end televisions, as per Reuters.
Banks to remain open on Sunday ahead of proposed strike
In a bid to minimize disruption to banking services, all public sector banks and regional rural banks will remain open on Sunday (September 27).
Why SpiceJet is being probed by DGCA
The Directorate General of Civil Aviation (DGCA) is conducting an operational and financial scrutiny of budget carrier SpiceJet.
Insolvency case: Subhash Chandra moves NCLAT against asset freeze order
Zee Group founder Subhash Chandra has challenged an order by the National Company Law Tribunal (NCLT) that barred him from selling or transferring his assets.
India's private sector activity hits 3-month high in September
India's private sector activity witnessed a significant improvement in September, driven mainly by a stronger manufacturing sector.
Domestic air travel saw a 6% dip in August
India's domestic air traffic witnessed a decline of 6.34% month-on-month in August.
Oil prices below $100-a-barrel again: Here we decode why
Oil prices have dropped below the $100-a-barrel mark, with West Texas Intermediate (WTI) crude trading at $90.10 a barrel and Brent crude at $99.09 today.
India's GDP to grow at 6.9% in FY27: Fitch Ratings
Fitch Ratings has revised its forecast for India's GDP growth in FY27, increasing it from 6.4% to 6.9%.
Microsoft's new round of job cuts is here
Microsoft has initiated a fresh round of layoffs, impacting some 500 employees.
Adani Group firms settle SEBI's Hindenburg-linked probe for ₹1.5cr
Five companies of the Adani Group have settled adjudication proceedings with the Securities and Exchange Board of India (SEBI) for a total of ₹1.51 crore.
Commercial LPG cylinders are now cheaper in these areas
The price of a 19kg commercial LPG cylinder has dropped by ₹200-₹600 in some rural parts of Uttar Pradesh.
Your flights in India might become costlier this festive season
The Indian government has decided not to impose any cap on airfares for the upcoming festive season. However, airlines will be advised to keep the prices reasonable.
Modi government looking for job sectors that might be AI-proof
India's Commerce Ministry is looking into sectors that could withstand the impact of artificial intelligence (AI) on employment.
Gold falls 7% from August peak: Good time to buy?
Gold prices have witnessed a significant decline of 7.11% from their August peak of $4,658 per ounce on August 25.
Will new MDR rules affect salary payments via UPI?
The Indian government's recent clarification on the applicability of Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions has left many employers and households wondering.
Maharashtra: Instamart unit, Amazon warehouse lose licenses in FDA crackdown
The Tukaram Mundhe-led Maharashtra Food and Drug Administration (FDA) has suspended the licenses of 10 businesses, including a Swiggy Instamart dark store in Mumbai.
Tesla faces trial over alleged racial discrimination at California factory
Tesla, the electric car company owned by Elon Musk, is facing a major trial in California.
Snapdeal pivots to value fashion as ₹420cr IPO approaches
Snapdeal, once a leading horizontal e-commerce marketplace in India, is gearing up for its public debut with a new strategy.
AMD crosses $1T market cap for first time
Advanced Micro Devices (AMD) has hit a major milestone by crossing a market capitalization of $1 trillion for the first time.
India's first blue bond launches September 28: What is it?
India's first blue bond will be issued on September 28 by Sagarmala Finance Corporation, the country's first maritime lender.
Mark Zuckerberg's net worth up $25B in a day
Mark Zuckerberg saw his net worth jump by a whopping $25 billion in just one day.
Angel One founder buys Mumbai residential tower for ₹711cr
Dinesh Thakkar, the founder and CMD of Angel One, has agreed to buy an entire residential tower at Embassy Developments' ultra-luxury Embassy Terazza project in Juhu, Mumbai.
India's economy to triple in next decade, says JPMorgan CEO
JPMorgan Chase CEO Jamie Dimon has predicted that India's economy will nearly triple in size over the next decade.