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Manicule co-founder Shreyans Jain says Indian banks hinder startup growth
US-based entrepreneur Shreyans Jain criticized Indian banks for their risk-averse lending practices, contrasting them with the US system's borrower-friendly approach.
NVIDIA, Blackstone and partners plan $500 billion AI infrastructure fund
Six major US financial institutions join Nvidia's $500 billion AI infrastructure push, as the company addresses longstanding 'circular financing' concerns for the first time.
Jane Street swaps $5.6bn bonds for $14.6bn senior secured notes
Jane Street is repaying $5.5 billion in floating-rate loans as part of a broader restructuring of its $11 billion debt, including refinancing bonds with $14.6 billion in new notes.
Seaspan Benefactor paid $4 million to jump Panama Canal queue
A container ship, Seaspan Benefactor, paid a near-record $4 million in an auction to bypass the week-long Panama Canal queue amid Iran war-induced congestion.
Oil jumps as U.S.-Iran tensions and ship attacks lift prices
Oil prices climbed Wednesday as fading hopes for a US-Iran peace deal and attacks on ships in key Middle East shipping lanes heightened fears of supply disruptions.
SEBI mulls ISIN changes to ease corporate debt refinancing risks
SEBI's proposed changes to ISIN rules aim to reduce refinancing risks by allowing large bond issuers greater flexibility in spreading debt maturities across the financial year.
Asian stock markets mixed as investors await US inflation report
Asian stocks saw a mixed session, with South Korea's Kospi surging 2.44% intraday, while Japan's Nikkei 225 remained nearly flat, rising just 0.076% after a public holiday.
Asian markets mixed as Brent hits $89.10 amid U.S.-Iran talks
Asian markets displayed cautious optimism as crude oil prices rose slightly amid Middle East deal speculations, while technology stocks surged on upgraded forecasts.
India expected to unveil semiconductor mission 2.0, 30% capital subsidy
India Semiconductor Mission (ISM) 2.0 will provide a 30% capital subsidy and a five-year production-linked incentive to strengthen the domestic semiconductor ecosystem.
Accel launches 9th India-focused fund with $550 million for early-stage startups
Accel has launched its ninth India-focused fund with $550 million, targeting AI-driven startups, marking its quickest return to the market in 18 months.
India's telecom adopts AI automation while combined staff grows 19%
India's telecom sector is transitioning to a tech-driven model, with AI and automation reducing manpower needs as 5G rollouts conclude and hiring trends plateau.
Bollywood stars and cricketers buy pre IPO NSE shares
Bollywood icons and cricket legends are buying unlisted NSE shares, anticipating significant returns from one of India's largest upcoming stock-market listings later this year.
Sanjay Malhotra warns as RBI and SEBI boost defenses
RBI and Sebi are intensifying cybersecurity efforts, emphasizing governance and preparedness to combat rising AI-enabled threats and cyber fraud.
Elon Musk says AI may soon become SpaceX's revenue engine
Elon Musk predicts SpaceX's AI ventures could generate up to $500 billion in revenue by 2027, driven by advancements in compute power and satellite technology.
Asian stocks to open lower amid Gulf tensions, US CPI
Asian equities are set for losses as traders await key US inflation data and monitor escalating geopolitical tensions surrounding the US-Iran conflict.
Japanese yen dips below 160 per dollar, stoking intervention fears
The yen approached 160 per dollar, sparking concerns over potential intervention by Japanese authorities as wide US-Japan interest-rate gaps continue to pressure the currency.
Accel raises $550 million India fund amid $3.5B global push
Accel has raised an oversubscribed $550 million India-focused fund within weeks, just 19 months after its previous $650 million fund.
CFTC tells Kalshi to operate in New York despite suit
The CFTC invoked emergency authority to ensure Kalshi's prediction markets remain operational in New York, countering the state's lawsuit alleging violations of gambling laws.
Chicago Fed's Austan Goolsbee says inflation still stresses US economy
Chicago Fed President Austan Goolsbee emphasized inflation as the economy's top challenge, hinting at support for potential rate hikes amid stable labor market conditions.
India's IT-BPM industry to hire under 70,000 in H1 FY27
India's IT-BPM sector anticipates a 26% drop in net workforce additions for H1 FY27, driven by AI adoption, flexible staffing models, and macroeconomic uncertainties.
Manus returns to independence after Chinese regulators undo Meta acquisition
AI startup Manus announced it will resume independent operations following its separation from Meta, with certain user data set for deletion to meet regulatory requirements.
Netradyne raised $90 million, became unicorn with AI fleet safety focus
Netradyne, a Bengaluru-San Diego startup, rejected autonomous driving to focus on edge-AI-powered fleet safety, achieving unicorn status with a $1.34 billion valuation in 2025.
Gold slips 0.3% after 2 month high amid Fed uncertainty
Gold prices dipped 0.3% on Tuesday, hovering near a two-month high as investors anticipated U.S. inflation figures to gauge the Federal Reserve's monetary policy outlook.
Phuket-Delhi flight mishap: Air India pilot tests positive for marijuana
The pilot-in-command of an Air India flight that experienced sudden altitude drop, injuring 17 people, has tested positive for marijuana, as per The Indian Express.
Will BRICS countries link their payment systems?
The BRICS group of nations is considering the integration of their fast payment systems and central bank digital currencies (CBDCs).
TCS, Google to set up Gemini Experience Center in Mexico
Tata Consultancy Services (TCS) and Google Cloud have announced the establishment of a new Gemini Experience Center (GEC) in Mexico City.
TSMC, Sony invest $4.7B to build next-gen smartphone cameras
Taiwanese semiconductor giant TSMC and Japanese tech conglomerate Sony have announced a joint venture worth $4.69 billion.
Igor Babuschkin's River AI raises $1.1B to build personal agents
River AI, a full-stack artificial intelligence (AI) company founded by xAI co-founder Igor Babuschkin, has raised $1.1 billion in funding.
Vijay Singh quits Sir Ratan Tata Trust before term end
Vijay Singh, the Vice-Chairman of Tata Trusts, has resigned as a trustee of the Sir Ratan Tata Trust (SRTT) before the end of his current term on August 14.
Government summons Air India CEO over Phuket-Delhi flight's altitude loss
The Ministry of Civil Aviation has summoned Air India's outgoing Chief Executive Officer, Campbell Wilson, after the airline's Phuket-Delhi flight suddenly lost about 300 feet of altitude on August 4.
BSE replaces Wipro in Nifty 50: What changes for investors?
NSE has announced major changes to its indices as part of a semi-annual review.
Centre approves trials of ₹10, ₹20 polymer notes
The Indian government has approved a proposal to conduct field trials of one billion polymer banknotes each in the denominations of ₹10 and ₹20.
India is world's sixth-largest economy at $3.92 trillion
India has officially become the world's sixth-largest economy, with a nominal Gross Domestic Product (GDP) of $3.92 trillion in FY26.
L&T wants to make rare-earth magnets in India
Larsen & Toubro (L&T) is planning to enter the rare-earth magnet manufacturing sector in India.
Vi shares jump 3% as Q1 loss shrinks 43%
Vodafone Idea's shares jumped by 3% on Tuesday after the company reported a narrower loss for the June quarter.
Milky Mist IPO opens with 15% GMP: Apply or avoid?
Milky Mist Dairy Food Ltd, a prominent player in the packaged food sector, has launched its initial public offering (IPO) today.
Gold prices hit 10-week high: What's driving the rally?
Gold prices have continued their upward trend on Tuesday, marking a third consecutive session of gains.
Why NYC mayor Zohran Mamdani and Amazon are at odds
New York City Mayor Zohran Mamdani has endorsed the Delivery Protection Act, a controversial legislation that would require Amazon and other major delivery companies to directly employ thousands of drivers.
Why license of Blinkit warehouse in Mumbai has been suspended
The Food and Drug Administration (FDA) has suspended the food license of Blinkit's Malad West warehouse in Mumbai.
Why Meta, Google, Snapchat are staring at thousands of lawsuits
A US appeals court has allowed thousands of lawsuits against social media giants Meta, Google, TikTok, and Snapchat to proceed.
Dhoot Transmission IPO: Does 30% GMP make it a buy?
The initial public offering (IPO) of Dhoot Transmission, worth ₹3,066.89 crore, has entered its second day of bidding today.
Will Centre raise minimum pension from ₹1,000 to ₹7,500?
The Employees's Pension Scheme (EPS) has been a major source of financial support for pensioners in India.
How RBI is helping banks combat digital payment fraud
The Reserve Bank of India (RBI) has announced a new initiative to help banks combat digital payment fraud.
Why India's exports to US and Europe are becoming costlier
Indian exporters are facing a major spike in freight costs, with shipping charges on almost all major routes rising sharply.
Boeing has sold its electric air taxi business
Boeing has announced the sale of three of its electric vertical takeoff and landing (eVTOL) subsidiaries to Archer Aviation.
Google co-founder spends over $100M fighting California's billionaire tax proposal
Google co-founder Sergey Brin has spent over $100 million fighting California's proposed billionaire tax, according to a recent filing.
Top Indian private banks eye $3B in dollar loans
India's leading private banks, including HDFC Bank, are looking to raise up to $3 billion through dollar bonds or loans.
OpenAI completes $7B secondary share sale at $852B valuation
OpenAI has successfully completed a secondary share sale worth around $7 billion, granting past and present employees the opportunity to cash out equity based on an $852 billion valuation.
Australia delays world's first work-from-home law
Australia's Victoria state has postponed the implementation of a landmark law that would have given eligible workers a legal right to work from home for two days a week.
Utilities, courier, logistics providers can now use 1601 number series
India's telecom regulatory authority, TRAI, has expanded the use of the 1600-number series beyond banking and financial services.
Parliament clears taxation amendment bill: How it affects you?
Finance Minister Nirmala Sitharaman has clarified that the Unified Payments Interface (UPI) will continue to remain free for consumers.
South Korea announces $3.5B fund to boost its chip industry
South Korea has announced a massive 5 trillion won ($3.52 billion) semiconductor fund to boost its chip industry.
Jeff Bezos is buying a stake in Liverpool FC
Amazon founder Jeff Bezos is close to finalizing a deal to acquire a one-third stake in Liverpool Football Club.
DLF sells Gurugram penthouse to Manav Sardana for ₹271cr
Real estate giant DLF has sold a penthouse at its luxury housing project 'The Dahlias' in Gurugram for ₹271 crore.
Why Tukaram Mundhe-led Maharashtra FDA is digitizing milk supply chain
Maharashtra's Food and Drug Administration (FDA), under Commissioner Tukaram Mundhe, is spearheading a major digitization initiative to trace milk from farms to consumers.
US sanctions bill unlikely to sway India's Russian crude purchases
India is unlikely to reduce its crude oil imports from Russia in the near future, despite the recent US Senate sanctions bill.
This investor's ₹360cr Paytm bet is now worth ₹1,225cr
Ace investor Akash Bhansali has made a killing with his investment in fintech company Paytm.
India, Chile near trade deal with critical minerals in focus
India and Chile are nearing the final stages of a trade agreement, with commerce secretary Rajesh Agrawal likely to visit the South American nation this month.
Taiwan to boost defense spending amid rising Chinese military threats
Taiwan is gearing up to increase its defense budget by 16% next year, taking the total expenditure above T$1.1 trillion (around $31 billion).
Apple Pay to launch in India by October
Apple is gearing up to launch its digital payments service, Apple Pay, in India by October, as per a Business Standard report.
Modi government says airport operators can invest in airlines
The Indian government has clarified that there is no policy preventing major airport operators from holding significant equity in or running scheduled airlines.
Modi government raises ₹45,306cr via disinvestment, asset monetization in FY26
The Indian government has raised a whopping ₹45,306 crore through disinvestment and asset monetization in the fiscal year 2025-26.
Why Australia is probing China-linked rare earth investors
Australia's Economy Minister Jim Chalmers has intensified scrutiny on China-linked investors in a critical minerals project.
5 global oil giants post $48B profit amid US-Iran war
Five of the world's largest oil companies, Exxon Mobil, Chevron, BP, Shell and TotalEnergies, have reported a combined profit of $48 billion in the second quarter.
Meet Aswin K, new India GM of Singapore Airlines
Singapore Airlines has appointed Aswin K as its new General Manager for India, effective this month.
BSNL proposes ₹77,000cr capex for 4G, 5G expansion
Bharat Sanchar Nigam Limited (BSNL) has proposed a massive ₹77,000 crore capital expenditure plan over the next five years.
Sony, TSMC in talks to set up $6.4B chip factory
Sony Group Corp and Taiwan Semiconductor Manufacturing Company (TSMC) are in talks to set up a joint factory in Japan, according to Bloomberg.
Waiting for your ITR refund? Here's when it may arrive
After filing your Income Tax Return (ITR), the next big question is when the refund will be credited to your bank account.
Zee, Punit Goenka challenge SEBI's market ban
Zee Entertainment Enterprises Limited (ZEEL) and its CEO Punit Goenka have challenged a Securities and Exchange Board of India (SEBI) order barring them from accessing the securities market.
Why Dabur has accused FSSAI of helping its rivals
Dabur has accused the Food Safety and Standards Authority of India (FSSAI) of favoring certain manufacturers with its ban on "100%" claims.
Your grocery bills in India are about to go up
Leading fast-moving consumer goods (FMCG) companies in India are planning to raise prices in the September quarter.