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US adds 10% duty on Indian goods over forced labor
The US has imposed a 10% additional duty on Indian goods under Section 301, but $87 billion worth of exports remain exempt from the hike.
Amy's Kitchen recalls 184,000 Organic Lentil Soup over pull-tab defect
Amy’s Kitchen has voluntarily recalled 184,000 cans of Organic Lentil Soup (Light in Sodium) due to pull-tab manufacturing issues, impacting 27 states.
IIMs release CAT 2026 schedule registration Aug 3 Sep 15
The Indian Institutes of Management (IIMs) have announced the CAT 2026 schedule. Registration starts on August 3, with the exam set for November 29 in three sessions.
Warner Bros. Discovery sues Amazon over Barlow contract poaching
Warner Bros. Discovery has filed a lawsuit against Amazon, alleging illegal poaching of key employees, including Pia Barlow, who was under contract until October 2027.
Bluevine targets Indian firms setting up US entities and accounts
Bluevine, a US digital banking platform, is focusing on Indian firms expanding to the US, offering tailored financial solutions and partnerships for seamless market entry.
Warren Buffett donates 12 million Berkshire Hathaway shares to children's foundations
Warren Buffett plans to donate his $140 billion Berkshire Hathaway fortune by 2034, sparking debates over philanthropy’s role in tax avoidance and societal impact.
ED charges Gameskraft founders in alleged ₹19,984cr rummy money laundering
The Enforcement Directorate filed a chargesheet against three Gameskraft founders, accusing them of laundering ₹19,984 crore from cheating players on their online gaming platforms.
Russia says diesel export ban will lift after domestic stabilization
Russia plans to lift its diesel export ban once the market stabilizes, Deputy Prime Minister Alexander Novak announced, citing efforts to prevent refinery disruptions.
Rivian sues US government, seeks refund of Trump-era tariffs
American electric vehicle (EV) manufacturer Rivian has filed a lawsuit against the US government, demanding a "full refund" of tariffs paid under President Donald Trump's "Liberation Day" taxes.
Trump vows to investigate EU fines levied against US companies
US President Donald Trump has announced plans to investigate the European Union's (EU) fines on American tech giants like Apple, Google, and Meta.
Trump faces Apple Micron dispute over Chinese memory chips
President Trump faces a tough decision as Apple pushes to use Chinese memory chips, while U.S.-based Micron warns of risks to domestic semiconductor production.
Apple, Micron clash before Trump over Chinese chip suppliers
Apple is facing resistance from Micron, the only sizable US maker of memory chips, in its bid to use memory chips from Chinese suppliers.
ED alleges Gameskraft and RummyTime ran ₹19,984cr rummy scam
The Enforcement Directorate has filed a PMLA complaint against Gameskraft Technologies and its founders, alleging Rs 19,984 crore laundering through online rummy platforms.
AU Small Finance Bank posts 37% rise to ₹796cr profit
AU Small Finance Bank posted a 37% y-o-y rise in Q1FY27 net profit to ₹796 crore, driven by robust net interest income growth and reduced provisions.
Hindustan Zinc to invest ₹5000cr in fiscal 2027, 80% upgrades
Hindustan Zinc will invest ₹5,000 crore in FY27, allocating 80% to brownfield projects and 20% to new initiatives, primarily funded through internal accruals.
45% of India's US exports will avoid new 10% tariff
The United States has placed India in a lower tariff bracket of 10% under its Section 301 measures, which are related to forced labor concerns.
IDFC First Bank's Q1 profit jumps 132.4% to ₹1,075cr
IDFC First Bank has announced its first-quarter financial results for FY27, ending June 30.
AU Bank's Q1 profit rises 37% YoY to ₹796cr
AU Small Finance Bank has reported a whopping 37% year-on-year (YoY) increase in its net profit for the first quarter of FY27.
IDFC First Bank profit up 131% to ₹1,075 cr
IDFC First Bank's Q1 net profit soared over 130% to ₹1,075 crore, while asset quality improved with gross NPA reducing to 1.51% and net NPA dropping to 0.44%.
OverpAId satirizes CEO pay and suggests AI could replace bosses
A parody site, OverpAId, humorously proposes replacing overpaid CEOs with AI, highlighting the stark pay disparity between executives and workers in large public companies.
SpaceX in talks with DoD for multi-billion AI capacity deal
SpaceX is negotiating with the Pentagon to provide billions in data-center capacity for advanced AI models, solidifying its role in U.S. national security.
PhonePe's revenue in FY26 rises 11% to ₹7,920cr
PhonePe, India's largest digital payments platform, reported an 11% rise in consolidated revenue for FY26, reaching ₹7,920 crore from ₹7,115 crore in FY25.
Samsung bags $200B chip supply deal from Broadcom
Samsung Electronics has bagged a massive contract worth over $200 billion from Broadcom.
India's forex reserves surge by $1.08B to $676.237B
India's foreign exchange reserves rose by $1.08 billion to touch $676.237 billion in the week ended July 17, data released by the Reserve Bank of India (RBI) has showed.
Why Trump has ordered Section 301 investigation into EU
US President Donald Trump has slammed the European Union (EU) for imposing an €890 million ($1 billion) fine on Google.
Defense giant Anduril eyes $100B valuation in new funding
Anduril, a leading player in the defense tech sector, is reportedly in talks to raise new capital at a whopping $100 billion valuation.
SBI hires 1,930 Circle Based Officers to bolster customer service
State Bank of India has onboarded 1,930 Circle Based Officers nationwide to enhance customer service and banking operations, supporting its "Digital First, Customer First" vision.
PhonePe posts 11% revenue rise to ₹7,920cr, net loss ₹2,792cr
PhonePe reported an 11% rise in revenue to Rs 7,920 crore in FY26, while its net loss widened by 62% to Rs 2,792 crore due to policy changes and operational investments.
Eighth Central Pay Commission to hold Delhi talks Aug 7,10
The 8th Central Pay Commission will hold fresh consultations in Delhi on August 7 and 10, with July 31 set as the deadline for employee unions to request participation.
Samsung signs over $200B Broadcom deal to supply 2nm chips
Samsung secures a $200 billion contract with Broadcom to supply advanced 2nm chips through 2030, strengthening their collaboration in AI and memory technologies.
Indian startups pulled in nearly $164 million across 16 deals
Indian startups raised $164M across 16 deals this week, marking a 40% decline from the previous week's $271M. Bengaluru led with eight deals, followed by Mumbai.
Sergey Brin reclaims 3rd richest spot after Alphabet stock rebound
Sergey Brin regained his position as the world's third richest, surpassing Jeff Bezos and Michael Dell after Alphabet's historic $255 billion market value loss.
Anthropic hires investor relations director ahead of possible fall IPO
Anthropic has posted a job listing for a director of investor relations, offering a $425,000–$600,000 base salary to shape its investment narrative and engage investors.
Keltron launches Shravan hearing aid in Kozhikode at ₹8,000
The Kozhikode-based Keltron unit has developed Shravan, a fully digital, programmable hearing aid priced at ₹8,000, making advanced hearing technology accessible to all.
Harrisons Malayalam tests drone carrying tea leaves near Munnar
Harrisons Malayalam Limited has trialed payload drones at Lockhart Estate, Munnar, revolutionizing green leaf logistics and enhancing efficiency in tea plantation operations.
Government mulls loosening airline and airport operator investment caps
The Centre is considering relaxing airport-airline cross-ownership restrictions, amid speculation about the Adani Group's potential entry into the aviation sector.
SBI Cards Q1 results: Net profit rises 19.5% to ₹664cr
SBI Cards and Payment Services Ltd, India's leading pure-play credit card issuer, has reported a 19.5% year-on-year rise in net profit for the first quarter of FY27.
Bharti Airtel to release Q1 FY2027 results on August 4
Bharti Airtel will announce its Q1 FY27 results on August 4, 2026, focusing on earnings, subscriber growth, and ARPU. The trading window remains closed until August 6, 2026.
Odisha signs ₹14,257cr HCLTech deal for AI center and hub
Odisha inked an MoU with HCLTech to establish an AI Data Centre and global delivery centre, marking a ₹14,257 crore investment to boost India's AI ecosystem.
Edelweiss Mutual Fund launches Nifty REITs & Realty index fund
Edelweiss Mutual Fund is launching India's first REITs-oriented index fund, offering diversified exposure to the real estate sector with tax-efficient, long-term growth potential.
Global investors pull $23.4 billion from South Korea and Taiwan
Investors are reducing exposure to volatile AI trades in Korea and Taiwan, reallocating funds to steadier markets like India and China for stronger earnings clarity.
Why Trip.com has been fined $770M in China
China's market regulator has slapped a massive penalty of CNY 5.2 billion ($770 million) on Trip.com Group for abusing its dominant position in the country's online hotel-booking market.
Sam Altman's World start-up raises $52.5M via crypto sale
World, the online verification start-up co-founded by OpenAI's Sam Altman, has raised $52.5 million through a crypto token sale.
Volkswagen engineers charged with $300,000 insider trading scheme
The US Department of Justice has charged two Volkswagen engineers, Michael Stamp and Marcus Plank, with securities fraud.
LinkedIn co-founder's AI start-up to raise funds at $1B valuation
Prentis, a new artificial intelligence (AI) research lab focused on computer use models, is in talks to raise $100 million at a valuation of $1 billion.
Paramount's $110B merger with Warner Bros paused until June 2027
Paramount Skydance has agreed to pause its $110 billion acquisition of Warner Bros. Discovery, until a court rules on a lawsuit filed by 12 US states challenging the deal or until June 1, 2027.
Rising oil and weak rupee drag Indian stocks lower Friday
Indian equities fell as rising crude oil prices and rupee depreciation weighed on sentiment, with the Nifty closing at 23,767.45, below the critical 23,800 support level.
China's market regulator fines Trip.com $770 million for online hotel-booking abuse
China's market regulator fined Trip.com $770 million for abusing its dominance in the online hotel-booking sector, citing unfair practices that harmed competition and consumers.
Maharashtra unveils bioplastics policy 2026 to attract 25,000cr investments
Maharashtra introduced its first bioplastics policy, targeting ₹25,000 crore investments and 100,000 jobs in five years to curb plastic pollution and boost green manufacturing.
FSSAI suspends Rehaan Healthcare manufacturing license in Mohali over hygiene
FSSAI suspended Rehaan Healthcare's manufacturing licence due to critical non-compliance and unhygienic conditions at its Mohali-based health supplement production unit.
Nasdaq slips 0.64% amid AI budget concerns after Alphabet announcement
The Nasdaq fell 0.64% as concerns over escalating AI-related capital expenditures weighed on chip stocks, while investors awaited earnings reports from major tech companies.
S&P Global downgrades Oracle after $498B loss and OpenAI reliance
Oracle's market value plummeted by $498 billion in under 10 months as S&P flagged OpenAI, its largest AI client, as a significant credit risk due to financial uncertainties.
India's crude basket jumps 11% to $103.33 amid supply disruptions
Indian crude oil basket spiked 11% in a day, reaching $103.33 per barrel, driven by disruptions in the Strait of Hormuz and Houthi attacks on Red Sea vessels.
Elon Musk's Boring Company seeks about $4B, may reach $20B
Elon Musk's Boring Company is reportedly in discussions to raise $4 billion, potentially valuing the tunneling startup at $20 billion, according to the Wall Street Journal.
NVIDIA, SK Group partner on over $500 billion AI initiative
Nvidia and South Korea's SK Group announced a $500 billion-plus AI initiative, including large-scale data centers and next-gen memory development with SK Hynix.
SpaceX launches Starship from Texas, attempts 20 Starlink deployments
SpaceX conducted a pivotal test flight of its Starship rocket, aiming to validate technologies critical to expanding its ambitions amid investor scrutiny following its recent IPO.
Prentis seeks $100 million at $1B valuation to automate office work
Prentis, an AI lab co-founded by Reid Hoffman and Marc Pincus, is negotiating a $100 million funding round to accelerate its mission of automating office workflows.
Small US firms sue Trump administration over new import tariffs
Two American businesses filed a lawsuit against the Trump administration, alleging its newly imposed global tariffs under Section 301 exceed legal authority.
Waymo seeks to end Uber robotaxi partnership, plans own app
Waymo plans to launch its own robotaxi services in Austin and Atlanta by January 2028, signaling rising tensions and potential separation from Uber's ride-hailing network.
Volkswagen engineers Michael Stamp, Marcus Plank charged with insider trading
Two Volkswagen engineers face securities fraud charges for allegedly profiting over $300,000 using confidential information about the automaker's joint venture with Rivian.
Paramount Skydance $110B merger with Warner Bros Discovery paused
Paramount and Skydance have agreed to delay their $110 billion acquisition of Warner Bros Discovery until June 2027 or a court ruling, following legal challenges from 12 US states.
SpaceX stock falls to $110 as early investors reel
SpaceX shares have plunged nearly 30% since their debut, leaving investors reeling as overvaluation fears and delays in Starship tests compound financial losses.
ITR deadline: 5 penalties taxpayers can face for late filing
Income tax authorities have highlighted different consequences for various defaults or irregularities in tax filing.
NVIDIA signs $1.5B chip packaging deal with Amkor
NVIDIA has signed a multi-year agreement worth $1.5 billion with Amkor Technology, a leading semiconductor packaging company.
Flipkart to launch food delivery service in coming weeks
Walmart-owned e-commerce giant Flipkart is gearing up to enter India's online food delivery space. The company will be taking on established players like Zomato and Swiggy.
India's private sector growth hits 4-year low in July
India's private sector growth has hit a four-year low in July, mainly due to a sharp slowdown in the services sector.
Patreon lays off 20% of workforce
Patreon, the popular content subscription platform, has announced a major layoff, cutting 20% of its workforce. The decision affects around 93 employees.
Oracle bags Pentagon software deal worth $7B
The US Department of Defense has awarded a nearly $7 billion contract to Oracle, the tech giant co-founded by billionaire Larry Ellison.
Sensex tanks 900 points: Key reasons behind today's decline
India's benchmark equity indices opened sharply lower today, marking the fifth consecutive session of losses.
Manipal Health fixes price band for ₹9,275cr IPO
Manipal Health Enterprises, the owner of the Manipal Hospitals chain, will launch its maiden public issue on July 29.
Brent crude tops $100 for first time since May
Brent crude oil prices have surged above $100 per barrel for the first time since May.
UAE to adopt India's DigiLocker for academic document verification
India and the United Arab Emirates (UAE) are working together to integrate India's DigiLocker with UAE's digital platforms.
SEBI proposes greater flexibility for portfolio managers investing client funds
The Securities and Exchange Board of India (SEBI) has proposed changes to its regulations governing portfolio management services (PMS).
Infosys Q1 profit rises 12% to ₹7,769cr
Infosys has reported a 12.3% year-on-year (YoY) increase in its consolidated profit for the April-June quarter of FY27.
JPMorgan to hire around 1,000 tech professionals in India
JPMorgan Chase has announced plans to hire around 1,000 technology professionals for its Global Capability Centers (GCCs) in India.
What is Fund My Staff, Ashneer Grover's new fintech start-up?
Ashneer Grover, the former MD and co-founder of BharatPe, has launched a new fintech platform called Fund My Staff.
EU fines Google $1B for Search and Play Store violations
The European Commission has slapped a hefty €890 million ($1 billion) fine on tech giant Google.
Google posts negative cash flow for 1st time since IPO
Google's parent company, Alphabet, has reported a negative free cash flow of $5.9 billion in the second quarter of 2026.
Blinkit grows bigger and more profitable
Eternal's latest shareholder letter reveals that Blinkit has grown nearly as big as Zepto and Swiggy Instamart combined. The company also remained profitable during this period.
CGHS pensioner cards go paperless via Bhavishya portal
The Ministry of Health and Family Welfare (MoH&FW) has launched a paperless application process for the Central Government Health Scheme (CGHS) pensioner card.
Amazon lays off employees in AGI unit
Amazon has announced another round of layoffs, this time targeting its Artificial General Intelligence (AGI) unit.
Adani seeks change in rule to enter airline business
The Adani Group has approached the Indian government for a change in an existing rule that prohibits Delhi and Mumbai airport operators from holding more than 10% stake in a scheduled airline.
Why Qatar is extending its LNG force majeure
QatarEnergy is likely to extend the force majeure on liquefied natural gas (LNG) shipments until mid-October, people with knowledge of the matter told Reuters.
Uber cuts 10% of customer service jobs in AI push
Uber Technologies has announced a major downsizing in its customer service division, laying off 10% of its customer service workforce.