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Blurgs AI raises $2.2 million to expand maritime tech beyond defense
Blurgs AI, co-founded by IIT Madras alumni, raised $2.2 million led by Pravega Ventures and Shastra VC to expand its maritime solutions portfolio and global footprint.
India's gold reserves near $115.8bn, now 17% of foreign exchange
Central banks worldwide are ramping up gold purchases, driven by record prices and geopolitical uncertainties, as they diversify reserves away from traditional foreign currencies.
Infosys, TCS lead Indian IT rebound ahead of Q1 earnings
Indian IT stocks, including TCS and Infosys, rose up to 4% as investors positioned for Q1 earnings, contrasting a sharp selloff in South Korean AI-linked chipmakers.
Google invests nearly $500 million in Proxima Fusion's German stellarator effort
Google invests $468 million in Germany's Proxima Fusion to advance nuclear fusion technology, while cautioning its commercialization faces immense challenges and uncertain success.
Bombay High Court allows Cognizant logo use against Atyati Technologies
Cognizant achieved another legal victory as the Bombay High Court dismissed Atyati Technologies' interim injunction application in their ongoing trademark dispute.
Adani's Kutch Copper cathodes LME certified, globally tradable July 10
Adani’s Kutch Copper has secured London Metal Exchange certification, validating its copper cathodes' global quality and responsible sourcing standards.
Sourav Ganguly becomes face of InsuranceDekho to build trust
Former India captain Sourav Ganguly has partnered with insurtech platform InsuranceDekho as its brand ambassador, promoting the 'Khul Kar Khelo' campaign through a new TVC.
India to create strategic LNG reserves using existing terminal storage
India plans to mandate LNG import terminals to expand storage, enabling quicker strategic gas reserves while allowing cost recovery through higher regasification tariffs.
Lululemon will open its 1st India store in New Delhi
Lululemon is set to open its first India store at New Delhi's DLF Promenade this autumn, partnering with Tata CLiQ to offer premium activewear and expand its omnichannel presence.
India's quick commerce will grow 40% in 2026 to ₹1.08L/cr
India's quick commerce market is projected to grow at 40% YoY in 2026, over twice the pace of overall digital commerce, per an Equirus report.
Temasek leads $100 million round valuing Pixxel up to $400 million
Temasek is leading a $100 million funding round in Indian space-tech startup Pixxel, valuing the company at $350-400 million, with over $50 million as its contribution.
Ola Electric slips after suppliers file NCLT pleas over ₹40cr
Ola Electric shares fell 9% in three days as media reports revealed fresh insolvency pleas by vendors against its subsidiary over alleged unpaid dues exceeding Rs 40 crore.
Swiggy announces majority Indian ownership for the 1st time
Swiggy's foreign shareholding dropped below 50%, making it majority Indian-owned. This change could reopen the path to achieving Indian-owned and controlled company (IOCC) status.
India's semiconductor ambitions struggle as chip-making equipment imports exceed 90%
India's semiconductor strategy shows promise but faces execution hurdles, with over 90% of chip-making equipment and most specialty materials still imported, a report reveals.
Indian markets end 4-day gains with Sensex down 104.35 points
Sensex and Nifty ended mildly lower on July 7, breaking their four-day winning streak due to profit booking, sectoral declines, technical resistance, and weak global cues.
SEBI allows direct buybacks via stock exchanges from August 1
SEBI will reintroduce open market share buybacks from August 1, capping the execution period at 66 working days to enhance flexibility and efficiency for listed companies.
UK house prices rise 0.2% in June 2026 to £299,330
UK house prices increased by 0.2% in June, marking the first rise since February, as easing mortgage rates and resilient demand offset lingering economic uncertainties.
Pocket FM names Abhilash Padival CFO as it plans IPO
Pocket FM has named ex-Bank of America executive Abhilash Padival as its Chief Financial Officer to bolster leadership amid global expansion and upcoming fundraising efforts.
Lululemon to open its 1st Indian store in New Delhi
Canadian athletic apparel brand Lululemon has announced its plan to open its first store in India.
US might co-produce missiles with European allies
The United States is in talks with Germany and other European nations to co-produce missiles, as per Reuters.
Is Swiggy now an Indian-owned and controlled company?
Swiggy, the popular food delivery and quick commerce platform, has announced a major shift in its ownership structure.
Gulf sovereign wealth funds invest $1.7B in India H1 2026
Gulf sovereign funds invested $1.7 billion in India during H1 2026, nearly tripling their H2 2025 investments, driven by long-term focus on infrastructure and technology sectors.
Shoppers Stop owner puts $700M IPO plans on hold
K Raheja Corp, one of India's leading real estate developers, has postponed its initial public offering (IPO) plans.
Lost your job? ESIC will pay you for 3 months
The Employees' State Insurance Corporation (ESIC) has extended its unemployment allowance scheme, the Atal Beemit Vyakti Kalyan Yojana (ABVKY), by another year.
Investors watch TCS Q1 FY27 results on July 9
TCS kicks off the FY27 earnings season amid AI-driven transformation, subdued revenue growth, and evolving hiring strategies shaped by geopolitical and economic challenges.
Nearly ₹18,000cr gone! Why Trent shares crashed today
Shares of Tata Group's fashion retailer Trent, which owns Westside and Zudio chains, plummeted by 10% on Tuesday.
Cult.fit posts ₹1,720cr FY26 revenue and turns EBITDA positive
Cult.fit reported a 41% year-on-year growth in FY26, with operating revenue reaching Rs 1,720 crore and achieving positive EBITDA of Rs 45 crore ahead of its planned IPO.
South Korea's Kospi tumbles 8.18% amid AI stock sell-off
South Korea's Kospi plunged 8.18%, driven by sharp losses in AI-linked stocks, raising concerns about potential ripple effects on Indian equities amid global market volatility.
HDFC Bank lowers overnight MCLR to 8.05% and revises loans
HDFC Bank has updated its MCLR rates effective July 7, 2026. Overnight MCLR decreased by 5 bps, while one-year and three-year MCLRs increased by the same margin.
Mukesh Bansal's Cult.fit files for IPO
Cult.fit, a leading fitness and active lifestyle platform co-founded by Myntra's Mukesh Bansal, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India(SEBI).
Synopsys ends EES and FDC updates, pivots to AI design
Synopsys plans to discontinue its manufacturing process control software, reallocating resources to high-margin AI design technologies, impacting global semiconductor makers.
EPFO credits 8.25% interest on provident fund for FY26 unchanged
EPFO has begun crediting 8.25% interest on provident fund deposits for FY26, while introducing key changes to UAN activation and voluntary contributions.
You can soon use UPI in Indonesia
India's Unified Payments Interface (UPI) will soon be integrated with Indonesia's payment system.
Gold loans overtake vehicle loans in securitisation Q1 FY2027, CRISIL
Gold loans have surpassed vehicle loans as India's largest securitised asset class, accounting for 31% of total volumes in Q1 FY27, according to a CRISIL report.
Narendra Modi and Prabowo Subianto announce UPI link with Indonesia
India's Unified Payments Interface (UPI) will integrate with Indonesia's payment system, enhancing business ease and simplifying travel between the two nations, announced PM Modi.
NABFID seeks CEO, CIO, compliance officer for GIFT City FME
NaBFID's step-down subsidiary in Gujarat's GIFT City has started recruiting key executives, including CEO and CIO, to spearhead fund management for infrastructure financing.
Cactus Technology Solutions, Kyndryl Solutions are MeitY AI procurement finalists
Cactus Technology Solutions and Kyndryl Solutions have advanced as the only technically qualified bidders for MeitY's AI-powered procurement authoring platform.
Info Edge shares jump 10% as Q1 billings hit ₹737cr
Info Edge shares soared nearly 10% on July 7, marking their best single-day gain since April 2024, driven by robust recruitment segment growth and promising startup investments.
US China tech race shapes Indian enterprises' AI tool choices
Indian enterprises face a strategic crossroads as they weigh cost-effective Chinese open-weight AI models against advanced but pricier US frontier models.
EPFO upgrades software and database during 2-week transition, services slow
EPFO has completed a major system upgrade and database consolidation, temporarily affecting claims processing and online services during the initial two-week stabilisation period.
Why Meta is facing $1.4T penalty demand in US
Meta Platforms has revealed that four US states are seeking a whopping $1.4 trillion in penalties from the company.
Why imported Scotch whisky is becoming cheaper in India
The India-UK Free Trade Agreement (FTA) will come into effect on July 15, and one of its major impacts will be on the price of imported Scotch whisky and gin in India.
Sale of 3,588 BTC worth $216 million sparks Bitcoin swing
Bitcoin remains steady above $63,000 despite sharp volatility caused by Strategy's sale of 3,588 BTC, which briefly pushed prices toward $61,000 before buyers drove a recovery.
K Raheja Corp pauses $700 million IPO after banker talks
K Raheja Corp. Pvt., one of India's largest real estate developers, has postponed its $700 million IPO plans by at least a year due to timing and valuation concerns.
Porsche may cut 4,000 jobs in Germany: Report
Porsche is reportedly considering a major job cut in Germany, with up to 4,000 positions at risk. The move comes as part of the automaker's ongoing restructuring process.
Seemax Resources debuts with shares opening 20% below IPO
Seemax Resources shares listed at ₹112.80 on BSE SME, marking a 20% discount to its IPO price of ₹141, despite the IPO being subscribed 3.60 times.
Indian markets rally with Sensex 78,374.76 and Nifty 24,469.25
Benchmark indices Sensex and Nifty rose for the fifth consecutive session, driven by gains in IT stocks and renewed foreign investor inflows amid easing crude oil prices.
Atharva Polyplast lists 15% higher at ₹69 after ₹27Cr IPO
Atharva Polyplast shares debuted on BSE SME at ₹69, a 15% premium over the IPO price of ₹60, reflecting strong investor demand with 10.74 times subscription.
Coursera cuts jobs as Udemy integration begins
Coursera has announced plans to lay off an unspecified number of employees following its recent acquisition of Udemy.
Four states sue Meta for $1.4 trillion over platform safety
Meta revealed that four U.S. states are seeking $1.4 trillion in penalties, alleging Facebook and Instagram were designed to addict youth and misled users on safety.
Flipkart valuation tops $38B in latest ESOP buyback
Walmart-owned Flipkart has been valued at approximately $38.2 billion in the second tranche of its employee stock ownership plan (ESOP) buyback program.
Musk loses bid to overturn Twitter fraud verdict
A US federal judge has denied Elon Musk's request to overturn a jury verdict that found him liable for defrauding Twitter investors during his 2022 takeover bid.
India's 10-year yield steady at 6.6857% as monsoon rebounds
Indian bonds opened steady at a 6.68% yield on July 7, supported by $3.7 billion FAR inflows in June and easing monsoon concerns lowering inflationary pressures.
Tech layoffs top 119,000 in first half of 2026
The tech industry is experiencing a massive wave of layoffs, with over 119,000 employees lossing their jobs in the first half of 2026. This downturn is largely driven by AI-led restructuring.
Rupee opens at ₹95.33, gains 7 paise before Fed minutes
The rupee gained 7 paise to trade at Rs 95.33 per dollar, supported by a softer dollar, as traders await the U.S. Federal Reserve’s meeting minutes for further cues.
Kusumgar opens offer for sale IPO July 8-10 raising ₹650cr
Kusumgar's Rs 650-crore IPO opens for subscription on July 8, with a Grey Market Premium (GMP) of Rs 166 indicating potential listing gains of nearly 40%.
Samsung's Q2 profit tops its entire 2025 earnings
Samsung Electronics has reported a whopping 19-fold surge in its quarterly profit, driven by the insatiable demand for memory chips used in AI data centers.
California's Syntiant files US IPO for on device AI chips
Syntiant Corp, an AI-focused semiconductor company backed by Intel Capital, has filed for a U.S. IPO to leverage growing investor interest in artificial intelligence technologies.
Musk's xAI is now called SpaceXAI
Elon Musk has rebranded his artificial intelligence (AI) venture, xAI, as SpaceXAI.
AI-led reorganizations cause over 119,000 tech layoffs 1st half 2026
Over 1,19,000 tech employees globally have been laid off in the first half of 2026 as AI-driven restructuring accelerates across major companies like Microsoft, Meta, and Amazon.
Flipkart valuation $38.2B after ESOP price rise to ₹713.4
Flipkart's valuation rose to $38.2 billion during its latest employee stock buyback, reflecting a 6% increase from its previous $36 billion valuation in May 2024.
Uttar Pradesh unveils Startup Policy 2026 and Data Centre Policy
The Uttar Pradesh Cabinet approved the Startup Policy-2026 and Data Centre Policy-2026 to foster innovation, entrepreneurship, and attract significant investments.
India's Washington embassy retains SHW Partners for $1.8 million contract
India’s embassy in Washington inked a $1.8 million contract with Trump-linked SHW Partners LLC to bolster outreach to the Trump administration, disclosures reveal.
GIFT City launches BDR-backed physical gold fund for nonresident investors
A pioneering gold fund in GIFT City allows non-resident investors to redeem their holdings in actual gold bars, offering a unique alternative to traditional ETFs.
Allcargo Logistics doubles down on India using AI and tracking
Allcargo Logistics leverages AI-driven operations and integrated logistics solutions to enhance efficiency, aiming to outpace industry growth and expand its market share.
Gold prices slip as markets await US Federal Reserve minutes
Gold prices dipped Tuesday, retreating from a two-week high, as investors anticipated the U.S. Federal Reserve's June meeting minutes for monetary policy insights.
Brent $72.29, US $68.84 as OPEC+ plans August output boost
Brent crude rose to $72.29 as traders assessed OPEC+ production hikes and demand prospects, while geopolitical tensions in the Middle East showed signs of easing.
Tata Capital to sell $300 million 3.5-year dollar bonds outside US.
Tata Capital is set to raise at least $300 million through its second dollar bond issue, a Regulation S offering managed by Standard Chartered, HSBC, and MUFG.
Adani Group pulls in nearly $10bn for $100bn 2030 plan
Adani Group secures $10 billion in fresh capital within a week, fueling its ambitious $100 billion investment plan across infrastructure, energy, and manufacturing by 2030.
Neuberg Diagnostics to launch up to ₹4,000cr IPO in FY28
Neuberg Diagnostics plans an IPO in FY28 to raise ₹3,500-4,000 crore, alongside a ₹500 crore pre-IPO funding round for acquisitions and pan-India expansion.
Indian markets hit 10-week highs, Nifty closes 24,430 Sensex 78,285
Equities surged on Monday, driven by HDFC Bank's strong quarterly update and easing crude oil prices, with Nifty and Sensex climbing 0.7% each to reach a 10-week high.
Samsung forecasts 19-fold Q2 operating profit surge on AI chips
Samsung projects a 19-fold increase in Q2 operating profit, reaching 89.4 trillion won, as soaring AI-driven demand boosts memory chip prices and semiconductor market recovery.
Waterways Leisure plans July 10 board meeting considering stock split
Waterways Leisure Tourism Ltd., listed on July 1, plans to consider a stock split during its board meeting on July 10, just eight trading days after its market debut.
India finalizing Semicon 2.0 upgrade to boost chip design startups
India's upcoming Semicon 2.0 policy will expand incentives beyond fabrication, supporting chip design startups and suppliers to strengthen the domestic semiconductor ecosystem.
Uttar Pradesh unveils Data Center Policy 2026 to attract ₹2L/cr
The Uttar Pradesh Cabinet approved the Data Center Policy 2026, targeting Rs 2 lakh crore investments and 2 GW capacity, emphasizing green operations and GPU-based infrastructure.
Multinationals increasingly appoint Indian leaders while GCCs manage AI projects
Indian executives are increasingly taking on global roles at major MNCs, driven by India's strategic importance, robust leadership talent, and evolving innovation hubs.
NTPC seeks partners for PWR nuclear rollout under SHANTI Act
NTPC has initiated plans to develop large-scale nuclear power projects using PWR technology, inviting global consultants to support tender and contract processes.
Bitcoin rebounds after President Trump's support and strategy $216 million sale
Bitcoin rebounded 0.4% Monday to $63,822 after President Trump expressed support for cryptocurrency, calling himself “a big crypto guy” during an Oval Office press conference.
Finance ministry sets 3-day vendor and contractor payments August 2026
Government vendors will receive payments within three working days starting August as all ministries fully transition to electronic bill processing, replacing manual systems.
Buffalo Wild Wings gives free wings if US wins
Buffalo Wild Wings will give fans a free six-count order of wings if the U.S. Men’s National Team wins the World Cup final on July 19.
Info Edge to buy Coding Ninjas for ₹39.91cr creating subsidiary
Info Edge announced plans to fully acquire Coding Ninjas for Rs 39.91 crore, making it a wholly owned subsidiary while committing Rs 180 crore to its startup fund.
TeraWulf inks 20-year Anthropic deal for $19B Kentucky AI hub
TeraWulf's $19 billion deal with Anthropic highlights how crypto mining companies are pivoting to AI data centers, driven by surging demand for advanced computing infrastructure.
'Xbox isn't healthy': CEO's blunt message after 3,200 layoffs
Asha Sharma, the CEO of Xbox, has announced a major restructuring of the company.
Microsoft cuts 4,800 jobs as Xbox undergoes major overhaul
Microsoft is laying off 4,800 employees or 2.1% of its workforce.
NSE targets September launch for ₹30,000cr IPO
The National Stock Exchange (NSE) is gearing up for its long-awaited public listing, with a possible Initial Public Offering (IPO) launch in September, as per CNBC-TV18.
Saudi budget airline Flyadeal starts India operations
Saudi Arabia's low-cost airline Flyadeal has launched its first-ever service in India.
Blinkit pilots premium grocery service 'Gourmet'
Blinkit, a leading player in the quick commerce space, has launched a new premium grocery service called 'Gourmet.'
Chinese tea chain's logo costs $1.5M in Louis Vuitton lawsuit
Molly Tea, a popular Chinese bubble tea brand, has been ordered by a court in Jiangsu province to pay damages of 10.3 million yuan ($1.5 million) to luxury fashion house Louis Vuitton.
Weak monsoon could push India's inflation to 5%: S&P
A weak monsoon in India could push up inflation, weaken rural demand, and strain fiscal balances. This is according to a report by S&P Global Ratings.
Standard Chartered shuts 20 India branches, focuses on wealth management
British banking giant Standard Chartered has cut its branch network in India from some 100 to 80 in the last year, according to Business Standard.
Your mobile recharge could get costlier soon
India's telecom sector is likely to witness a tariff hike of 12-15% in the next three to four months, according to a report by Centrum Institutional Research.
Samsung Electronics' non-chip division workers to protest wage disparity
Samsung Electronics' non-chip division workers are gearing up for a major protest.
Ather Energy plans $200M share sale to fuel expansion
Ather Energy, a leading electric scooter manufacturer, is planning a major share sale, according to Bloomberg.
NSE set to kick off $3B IPO marketing next week
The National Stock Exchange of India (NSE), the world's largest derivatives exchange by trading volume, is gearing up for a major milestone.
Ex-Google recruiter flags common resume mistake that hurts interview chances
Farah Sharghi, a former recruiter for Google, TikTok, Uber, and The New York Times, has revealed a common mistake that can hurt job seekers' chances of landing interviews.
Navi eyes ₹3,000cr IPO by March 2027
Navi, the fintech start-up co-founded by Flipkart's Sachin Bansal, is gearing up for an initial public offering (IPO) by March 2027.
Akasa Air to join UDAN scheme, expand capacity significantly
Akasa Air, the new Indian airline, is gearing up to join the government's regional air connectivity scheme, UDAN. The announcement was made by CEO Vinay Dube.
Sensex rises nearly 600 points: What's behind today's rally?
India's equity benchmarks, the Sensex and Nifty, opened on a positive note on Monday.
Tesla limits employee AI spending to $200 per week
Tesla has introduced a new policy, limiting its employees' spending on artificial intelligence (AI) tools to $200 per week.
Uber pauses food delivery expansion in Europe
Uber has put a halt to its planned food delivery expansion in Europe, according to Financial Times.
Knack Packaging IPO allotment today: How to check status
The allotment for the Knack Packaging IPO is expected to be finalized today. Investors will soon know if they have been allocated shares in this highly subscribed public issue worth ₹439.5 crore.
Amazon to halt new sign-ups for its gig work platform
Amazon has announced that it will stop accepting new customers for its crowdsourcing service, Mechanical Turk, from July 30.
BPCL begins talks to import Iranian oil
Bharat Petroleum Corporation Limited (BPCL), India's second-largest fuel retailer, has begun talks with Iranian suppliers for the resumption of crude oil imports.
Webasto plans $500M IPO for India unit
German car parts supplier Webasto is planning an initial public offering (IPO) for its Indian subsidiary, Webasto Roofsystems India.
AI boom to drive Samsung's Q2 profit up nearly 18x
Samsung Electronics, the world's largest memory chipmaker by sales, is likely to see its operating profit jump nearly 18-fold in the second quarter.
Nearly 1M $TRUMP memecoin investors lose $3.8B
A recent report by blockchain analytics firm Nansen has revealed that nearly one million investors in Donald Trump's $TRUMP memecoin have lost a whopping $3.81 billion by the end of June.
Up 4,700% since 2021, V-Marc's 5:1 bonus deadline is today
V-Marc India, a leading wires and cable manufacturer, has announced its first-ever 5:1 bonus issue.
NVIDIA supplier SK Hynix eyes $28B US listing
South Korean chipmaker SK Hynix is gearing up for a massive $28 billion US listing, according to its regulatory filings.
Oil prices fall as Hormuz flows continue, OPEC+ boosts supply
Oil prices have witnessed a decline as the flow of oil through the Strait of Hormuz continues.