Business News
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Moody's Analytics says AI investment is easing global slump
The AI boom is cushioning the global economy from a sharper slowdown, driving investment in technology and boosting exports across Asia's tech-heavy economies, particularly Taiwan.
TSMC raises 2026 spending forecast to $60 to $64 billion
Taiwan Semiconductor Manufacturing Co. raised its 2026 capital expenditure forecast to $60-$64 billion, citing robust AI-driven chip demand and data center expansion through 2027.
Manish Gunwani says foreign capital likely to rotate into India
India's resilient economy and attractive valuations may draw foreign investors as global AI trade momentum slows, according to Manish Gunwani, CIO – Equity at Bandhan AMC.
India plans to swap $51 billion imports for homegrown products
India plans to replace $51 billion in critical imports with local manufacturing, aiming to reduce reliance on overseas suppliers and boost economic resilience.
ABB India shares jump 10% after ABB Global's strong Q2
ABB India shares soared up to 10% after its global parent reported robust Q2 results, with an 81% year-on-year surge in India order inflows driving investor optimism.
TSMC announces $100B Arizona AI investment after 77% profit jump
TSMC announced an additional $100 billion investment in Arizona, driven by robust AI demand, as its Q2 profit soared 77%, surpassing forecasts and setting a record high.
NASSCOM's Rajesh Nambiar urges AI native workforce, backs India-UK FTA
Nasscom President Rajesh Nambiar discusses India's AI aspirations, GCC evolution, and the India-UK FTA's impact on digital trade and talent mobility in an exclusive interview.
India unveils Semicon 2.0 with ₹1.27L/cr to boost semiconductor industry
India's Semicon 2.0 programme, with Rs 1,27,000 crore allocation, ensures policy continuity and supports comprehensive growth across the semiconductor value chain.
TCS and Google Cloud open Gemini Experience Center in Kolkata
TCS and Google Cloud have launched the Gemini Experience Center in Kolkata, enabling consumer businesses to co-create and deploy AI solutions using Google's Gemini models.
ITI Ltd rises after ₹856.39cr BSNL 7,613-site Phase IX contract
ITI Ltd shares rose over 6% after securing an ₹856.39 crore contract from BSNL for expanding its 4G network across 7,613 sites in West India.
BYJU'S creditors approve settlement to resolve Aakash ownership dispute
Think & Learn's creditors have greenlit a settlement to resolve the Aakash Educational Services shareholding dispute, moving Byju’s closer to resolving a major legal challenge.
Senior citizens can lock FD rates up to 8.5% now
Senior citizens can earn up to 8.5% interest on fixed deposits in July, with small finance banks leading the way and public/private banks offering competitive rates.
India announces ₹10000cr Biopharma SHAKTI scheme to boost biologics
India is investing ₹10,000 crore under the Biopharma SHAKTI scheme to transition from generic drugs to biologics, targeting a 5% share of the global biopharmaceutical market.
Indian stocks cool after early gains as investors lock profits
Sensex fell 200 points from day's high, while Nifty slipped below 24,150 due to profit booking, weak global cues, and technical resistance at the 24,200 level.
India greenlights Semicon 2.0 ₹127,500cr program for chip industry
The ₹1,27,500 crore Semicon 2.0 programme aims to position India as a globally competitive semiconductor hub by fostering innovation, manufacturing, and ecosystem development.
Moody's Analytics: Global growth to slow to 2.5% by 2026
Moody's Analytics predicts global growth will decelerate to 2.5% in 2026, with India also facing slower activity amid inflation, geopolitical tensions, and trade disruptions.
Hayete Gallot now leads Microsoft security with AI focus
Hayete Gallot, Microsoft's new security chief, has replaced senior executives and prioritized AI-driven tools as part of the company's extensive AI restructuring.
OnePlus denies plans to exit India, Europe or the US
OnePlus India dismissed speculation about shutting down, confirming normal operations despite global restructuring and chipset supply challenges affecting smartphone prices.
West Bengal seeks Mitsubishi semiconductor factory after Semicon 2.0 approval
West Bengal intensifies efforts to secure a semiconductor project as Mitsubishi plans a second visit, coinciding with India's Rs 1.275 lakh crore Semicon 2.0 programme launch.
Fed 'Beige Book': Fuel costs squeezing Americans, Fed to review
The US Federal Reserve warns that surging fuel prices are squeezing household budgets, prompting Americans to cut back on discretionary spending and prioritize essential purchases.
AY 2026-27 mandates secondary communication address in all ITRs
Taxpayers filing ITR for AY 2026-27 must provide a mandatory secondary communication address, enhancing record accuracy and correspondence reliability.
UK economy grows 0.1% in May as energy prices rise
The UK economy grew by 0.1% in May, rebounding from April's decline, despite rising energy costs driven by the ongoing Iran war. Economists had anticipated this modest growth.
Indian government bond yields fall after softer US inflation data
Indian government bonds gained for a second consecutive session, supported by softer U.S. inflation data and active buying from state-run lenders and foreign investors.
Airbus signs Scaleway deal to host industrial and defense apps
Airbus has partnered with Iliad-owned Scaleway to host sensitive industrial and defense applications, leveraging AI tools co-developed with French startup Mistral.
Magicpin announces Vera rollout internationally to 6 new countries
Magicpin has launched its AI assistant Vera in six countries, offering real-time order insights to businesses and planning further global expansion with enhanced capabilities.
Goenka family building Nand Kishore Goenka University for nearly ₹100cr
The Goenka family will invest ₹100 crore to establish Nand Kishore Goenka University in Agroha, Hisar, focusing on social service and societal contributions.
Csquare sells 50 million shares, raises $1.05B in US IPO
Csquare secured $1.05 billion in its U.S. IPO, pricing shares at $21 each, as investors show confidence in the growing demand for AI-driven data center infrastructure.
Happy Steels Ltd lists on NSE SME opening at ₹68
Happy Steels shares rose 5% to ₹69.50 on NSE after a muted debut at ₹68, following strong investor interest with the IPO being subscribed nearly 78 times.
India unveils ₹62,500cr plan to boost homegrown smartphone makers
A new ₹62,500-crore subsidy scheme aims to foster Indian smartphone brands by addressing cost disadvantages and promoting local design, R&D, and value addition.
Bengaluru startup SwitchOn raises $8 million led by IvyCap Ventures
Bengaluru-based Physical AI startup SwitchOn raised $8 million in a pre-Series B round led by IvyCap Ventures, with participation from SIG Tattva and Trifecta Capital.
Dormant bitcoin wallet holding 5,908 BTC moved after 8 years
A bitcoin wallet inactive since late 2017 transferred 5,908 BTC worth $383 million, sparking speculation about custody changes or potential over-the-counter transactions.
Paytm parent One 97 Communications stock rises on bonus news
Paytm shares rose 0.32% to ₹1,372.40 after the company announced a July 20 board meeting to consider issuing bonus shares and review its Q1 FY26 financial results.
Ex-RBI Governor Raghuram Rajan gets key US Fed advisory role
Former Reserve Bank of India (RBI) governor Raghuram Rajan has been appointed to a key role in the US Federal Reserve's reform initiative.
India approves ISM 2.0 with ₹1.28L/cr to boost chip manufacturing
India Semiconductor Mission’s second phase aims to build a robust local supply chain, addressing global companies' concerns about delays and missing ecosystem support.
SpaceX's stock falls below IPO price for 1st time
SpaceX's shares have fallen below their initial public offering (IPO) price for the first time.
Jensen Huang dines with Japan semiconductor leaders at Tokyo izakaya
Nvidia CEO Jensen Huang gathered Japan's top chip industry leaders at a Tokyo izakaya, emphasizing Japan's critical role in the global AI supply chain.
Temasek backed agritech Rize raises $31 million, totals $47 million funding
Sustainable agritech startup Rize has raised $31 million in equity and debt financing to expand its operations across Southeast Asia and enhance modern farming practices.
Study: India loses up to $7 billion in apparel exports
India's apparel exports could rise by $3-7 billion, but poor supply chain coordination hampers competitiveness more than labour costs or trade barriers, a study reveals.
SEBI and NISM launch mandatory certification to simplify fund selling
SEBI and NISM introduced a combined certification exam for mutual fund and SIF distributors, simplifying onboarding amid rising demand for specialized investment products.
ICICI Lombard stock drops nearly 15% to ₹1,544.60 after Q1
ICICI Lombard shares plunged nearly 15% to a 52-week low after reporting a 46% y-o-y drop in Q1 net profit, prompting multiple brokerage downgrades.
Biocon wins EMA approval for Malaysian Semglee line, shipments FY27
Biocon's Malaysia unit received European Medicines Agency approval for a new drug product fill finish line for Semglee (insulin glargine), with supplies to Europe starting FY2027.
Steven Englander says dollar will stay strong on AI inflows
Artificial intelligence-driven investments and robust US corporate earnings are expected to sustain the dollar's strength, while the Indian rupee remains stable near 96–97.
Devson Catalyst lists at ₹196, 66% jump on BSE SME
Devson Catalyst Limited shares debuted at Rs 196 on BSE SME, a 66% premium over the IPO price of Rs 118, following an IPO subscription of 220.35 times.
India-Japan $600 million fund backs Ather Energy for EV tech
India's government, through the India-Japan Fund, is investing in Ather Energy to boost indigenous EV technology and strengthen India's clean mobility manufacturing hub.
Kalyan Jewellers rallies 54.5% in 6 days, market cap ₹55,500cr
Kalyan Jewellers' stock fell 2% to Rs 537, ending a six-session rally that boosted its value by 54.5%, adding over Rs 20,000 crore to its market capitalisation.
Gujarat's Metalic Technoforge opens IPO July 21-23 to raise ₹50cr
Metalic Technoforge's Rs 50 crore IPO opens for subscription from July 21-23, with a price band of Rs 72-77 per share. Shares will list on NSE Emerge on July 28.
Laser Power & Infra IPO nearly 39x oversubscribed raises ₹742cr
Laser Power & Infra shares listed at a 17% premium on NSE, following a heavily subscribed IPO, with the company's market capitalisation reaching Rs 3,775.91 crore post-listing.
Asia LNG hits $20.2 per MMBtu amid U.S.-Iran tensions
Asian LNG prices hit their highest since March, surging 10% in a week, as Middle East tensions disrupt shipping through the vital Strait of Hormuz.
South Korea raises interest rates for first time since 2023
South Korea's central bank, the Bank of Korea (BOK), has raised its key interest rate for the first time in over three years.
Indian 10-year yield dips to 6.75% as Brent nears $85
Indian bonds opened two basis points higher to 6.75 percent on July 16, as Brent crude prices remained stable near $85 per barrel despite geopolitical uncertainties.
Musk just bought a power company for $1B
Elon Musk has acquired APR Energy, a Jacksonville-based company that operates mobile gas and diesel turbines with over 1GW of generation capacity.
Hyundai to take full control of Boston Dynamics
Hyundai Motor Group has announced its plan to acquire the remaining stake in Boston Dynamics from SoftBank Group.
CBDT sets Cost Inflation Index at 384 for FY 2026-27
India's Central Board of Direct Taxes has announced the Cost Inflation Index (CII) at 384 for the fiscal year 2026-27, aiding in calculating inflation-adjusted capital gains tax.
Tech Mahindra Q1 FY27 results expected telecom-driven 40%+ profit rise
Tech Mahindra is set to report strong double-digit profit growth in Q1 FY27, driven by telecom deal ramp-ups, with analysts closely monitoring AI strategy and margin improvements.
Indian rupee opens at 96.25 amid strong US dollar demand
The Indian rupee opened flat at 96.25 per US dollar, pressured by elevated crude oil prices and weak sentiment following its recent decline against the greenback.
Samsung and SK Hynix shares plunge amid global semiconductor selloff
Samsung and SK Hynix shares dropped 8-9% as a global semiconductor sell-off, driven by profit booking, valuation concerns, and AI spending doubts, spread from Wall Street to Asia.
Modi government plans domestic manufacturing push led by Shaktikanta Das
India plans subsidies and policy changes to boost domestic production across 100+ goods, aiming to reduce import dependence and strengthen supply chains amid geopolitical risks.
Gold, silver slip after softer US inflation, West Asia tensions
Gold and silver prices dipped on Wednesday as softer US inflation data weakened the dollar, while rising oil prices amid West Asia tensions capped gains in bullion markets.
IMF warns world unprepared after Hormuz blockade from U.S.-Israel strikes
The IMF warns that global energy buffers are depleting as tensions in the Strait of Hormuz persist, leaving the world vulnerable to future oil supply disruptions.
Happy Steels Ltd hits NSE SME after nearly 78x oversubscription
Happy Steels is debuting on the NSE SME platform today, with a strong grey market premium indicating a potential 15% listing gain over its issue price of Rs 66.
Indian markets likely to open lower amid Middle East tensions
Indian markets are expected to open on a cautious note as Asian equities face sharp declines amid firm crude oil prices and escalating geopolitical tensions in the Middle East.
Gold steadies as US producer prices fall and oil rises
Gold prices remained stable as easing U.S. inflation optimism was tempered by escalating Middle East conflict, which drove oil prices higher and revived energy cost concerns.
Piyush Goyal in Brussels pushes finalized India-EU FTA ahead
Union Commerce Minister Piyush Goyal met EU officials in Brussels, focusing on advancing the India-EU Free Trade Agreement and geographical indications collaboration.
Rising memory and component costs boost refurbished devices in India
Soaring memory costs and rising device prices are driving Indian consumers towards certified refurbished smartphones and laptops, with double-digit growth projected in 2026.
TSMC expected to post record $19.65 billion Q2 2026 profit
TSMC is set to report a record-breaking Q2 net profit of T$632.6 billion, driven by soaring AI chip demand and robust adoption of its advanced 3nm and 2nm technologies.
HSBC shifts Indian stock rating to neutral as oil eases
HSBC has upgraded Indian equities to "neutral," citing lower energy prices and resilient consumption. The brokerage now forecasts an 8.3% upside for the Sensex by year-end.
Jamie Dimon warns mythos AI risks and JPMorgan commits $1.5T
JPMorgan CEO Jamie Dimon compared Anthropic's Mythos AI to "ballistic missiles," emphasizing its potential misuse and highlighting security vulnerabilities it can identify.
EPFO cites upgrade settles 11L claims worth ₹3,000 cr same-day
EPFO's adoption of advanced technology has enabled auto-processing of 83% claims, ensuring quicker settlements and streamlined subscriber services nationwide.
Wipro chairman Rishad Premji says AI and modernization remain essential
Wipro Chairman Rishad Premji highlighted that despite cautious client spending, the growing focus on AI and modernisation sustains the relevance of technology services.
AI shakes up SaaS startups with more than 680 shutdowns
As AI rapidly advances, many SaaS startups struggle to survive, with 680 shutting down in 2024 alone, leaving investors wary of diminished returns.
Kunal Shah to head WhatsApp at Meta after leaving Cred
Kunal Shah has stepped down as promoter and board member of Cred after eight years, coinciding with his appointment as WhatsApp's global chief executive at Meta Platforms.
Major chip stocks slide, Dow rises 150 points Wednesday
US chip stocks fell up to 9% on Wednesday, with AMD, Intel, and others declining, even as the Dow Jones rose 150 points and inflation data boosted market sentiment.
United Airlines may cut flights as jet fuel rises 84%
United Airlines reported a $6 billion surge in jet fuel expenses this year due to the U.S.-Iran conflict, prompting reduced flight capacity and higher ticket prices for passengers.
OpenAI partners with Kalshi for ChatGPT World Cup probabilities
OpenAI has quietly teamed up with prediction market platform Kalshi to integrate betting odds into ChatGPT, sparking debate over the fusion of AI and gambling technologies.
India and European Union seek investment protection agreement by year-end
India and the European Union expressed optimism about finalizing an investment protection agreement by year-end to boost bilateral investment flows.
Bharat Maritime Insurance Pool tested by Black Sea drone attack
India's Bharat Maritime Insurance Pool is assessing its inaugural claim after a drone attack damaged a covered vessel, testing the sovereign-backed war-risk mechanism.
Karnataka dispatches inaugural duty free shipment to UK under FTA
Karnataka launched export consignments as the U.K.-India Free Trade Agreement began, offering duty-free access to 99% of Indian products and boosting key state industries.
Indian brands stock up ahead of Onam to Diwali
Amid escalating West Asia tensions and a weakening rupee, Indian companies are boosting imports and buffer stocks to mitigate supply chain disruptions during the festive season.
EPFO credits 1.44L/cr interest to 35cr members for FY 2025-26
For the first time, EPFO credited interest to nearly 35 crore accounts by July 15, leveraging a centralised database under its revamped portal for streamlined processing.
India cuts gasoline export windfall tax, raises diesel and ATF
India has raised windfall taxes on diesel and aviation turbine fuel exports while reducing the levy on petrol exports, effective July 16, as part of its fortnightly review.
SpaceX shares fall below $135 IPO price for 1st time
SpaceX shares dropped below their $135 IPO price on Wednesday, following a month-long decline since its June 12 debut, as investors reassess the company's ambitious vision.
JPMorgan Chase to become 1st $1T bank in the world
JPMorgan Chase is on the verge of becoming the first bank in history to be valued at $1 trillion.
India's unemployment rate in June stands at 5.5%
India's unemployment rate remained unchanged at 5.5% in June, according to the latest data from the Periodic Labour Force Survey (PLFS).
Fintech founder's home loan rejected. Reason? Bank calls him 'high-risk'
Pravin Jadhav, the founder and CEO of Raise Financial Services valued at around $1.2 billion, has claimed that a leading private bank denied his home loan application.
Modi government to issue ₹28,000cr nuclear power tender soon
India is gearing up to issue its largest-ever Nuclear Island Engineering, Procurement and Construction (EPC) tender.
Incentive scheme for mobile phone manufacturing, worth ₹62,500cr, approved
The Union Cabinet has approved a whopping ₹62,500 crore for the second phase of the mobile phone production-linked incentives scheme.
India-UK trade deal kicks in: Here's what gets cheaper
The India-UK Comprehensive Economic and Trade Agreement (CETA) has come into effect today.
Centre approves ₹1.27 lakh crore India Semiconductor Mission 2.0
The Indian government has approved the second phase of the India Semiconductor Mission (ISM 2.0), with a budget allocation of ₹1.275 lakh crore. This is significantly higher than the first phase's allocation of ₹76,000 crore.
ITC's answer to Pepsi and Coca-Cola is here
ITC has made its foray into India's highly competitive carbonated beverage market with the launch of B Natural Coconut Cola.
Patanjali Foods shares down 20% today: What should investors do?
Stock price of Patanjali Foods has plunged nearly 20%, hitting a new 52-week low of ₹330.95 on the Bombay Stock Exchange (BSE).
MakeMyTrip wants to raise $1B+ via IPO in India
Online travel services platform MakeMyTrip is planning to file draft papers for an initial public offering (IPO) of over $1 billion, as per Moneycontrol.
Groww's Q1 net profit up 94% YoY to ₹735cr
Billionbrains Garage Ventures, the parent company of Groww, has announced its financial results for the first quarter of FY27.
You can now order LPG cylinders on Instamart in Bengaluru
Swiggy's Instamart has partnered with Hindustan Petroleum Corporation Limited (HPCL) to launch India's first on-demand Liquefied Petroleum Gas (LPG) cylinder delivery service.
SBI Funds IPO fully booked, GMP surges to over 16%
SBI Funds Management's ₹11,693 crore initial public offering (IPO) has been fully subscribed on the second day of bidding.
China's AI star DeepSeek plans IPO
Chinese artificial intelligence (AI) start-up DeepSeek has begun preparations for a landmark initial public offering that could see the company file as early as this year.
China GDP growth slows to weakest pace since 2022
China's economy grew by 4.3% in Q2 2026, the slowest pace since late 2022. The slowdown is attributed to weak domestic demand, a prolonged property slump, and the global oil shock.
Tata to invest $1B in shipbuilding in Kerala
The Tata Group has sought approval to invest $1 billion in shipbuilding in Kerala.
Apple just got a $32.8B lawsuit dismissed in US
A US judge has dismissed a class action lawsuit against Apple, alleging its failure to prevent the distribution of child sexual abuse material on its iCloud data storage service.
Why Google has been sued by publishers in the US
A consortium of leading publishers, including Hachette, Cengage, and Elsevier, has sued tech giant Google.
Sensex gains nearly 600 points
The Indian stock market has witnessed a strong rally today, with the benchmark indices Sensex and Nifty 50 rising over 0.5%.
Meta faces lawsuit for using biased AI in layoffs
A group of 26 former Meta employees has filed a lawsuit against the tech giant, accusing it of using artificial intelligence (AI) tools to unfairly target workers on leave for layoffs.
Kusumgar lists at 37% premium over IPO price
Kusumgar, a manufacturer of engineered fabrics, has made a strong debut on the Indian stock market.
IBM loses $70B after CEO says firm 'faltered' on AI
IBM saw its shares plummet by a staggering 25% on Tuesday, following the release of disappointing preliminary second-quarter results.
Oil prices surge past $85/barrel as US-Iran tensions escalate
Oil prices have surged past the $85-a-barrel mark, amid fears of supply disruptions in the Middle East.
Stripe, Advent make $53B bid for PayPal
Payment processing company Stripe and private equity firm Advent International have made a joint proposal to acquire PayPal Holdings Inc.
JPMorgan Chase posts record Q2 profit of $21.2B
JPMorgan Chase has reported a record profit for the second quarter of 2026, driven by strong growth in investment banking and trading revenues.
Warren Buffett has stopped donating shares to Gates Foundation
Warren Buffett, the Chairman of Berkshire Hathaway, has excluded the Bill and Melinda Gates Foundation from his annual charitable stock donations.
Why Modi government's ₹10,000cr ATF fund found no takers
In April 2026, a spike in jet fuel prices due to West Asia unrest nearly doubled the single-largest cost component for Indian airlines.
India to track services sector monthly with new index
In a major development, the Ministry of Statistics and Programme Implementation (MoSPI) has launched the Index of Services Production (ISP), India's first-ever monthly tracker for the formal services sector.
China's monthly car exports top 1M for first time
China's monthly car exports have surpassed the one million mark for the first time in June.
Volkswagen may cut 100,000 jobs
Volkswagen is planning to double its workforce reductions to 100,000 jobs, according to an internal message from CEO Oliver Blume.
Online gaming firms move SC to review 28% GST ruling
A group of online gaming companies has petitioned the Supreme Court, seeking a review of its May 27 judgment.
After SK Hynix, Samsung Electronics may get listed in US
Samsung Electronics is reportedly in the early stages of considering a possible sale of American depositary receipts (ADRs).
Will SpiceJet lose 4 Boeing 737 MAX aircraft?
China's Industrial and Commercial Bank of China (ICBC) has moved India's Directorate General of Civil Aviation (DGCA) for the deregistration and repossession of four Boeing 737 MAX aircraft leased to SpiceJet.