Business News
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SEBI proposes merchant banker waiver for listed firms' small debt
Sebi has proposed exempting listed entities from appointing merchant bankers for small-ticket debt via private placement to reduce compliance costs and encourage market growth.
Isthmus 44 launches India's 1st single-cask Scotch whisky curation service
Isthmus 44, India’s first single-cask Scotch curator, launched its debut release as the India-UK Free Trade Agreement halved Scotch whisky tariffs from 150% to 75%.
Sensex plunges over 2,000 points, closes down 0.7% under CAS
The Sensex plunged over 2,000 points in six minutes during Thursday's monthly derivatives expiry, raising concerns about the Closing Auction Session's effectiveness.
PMJDY reaches 59.09 cr accounts across India with ₹3,16,514 cr
The Pradhan Mantri Jan Dhan Yojana (PMJDY) marks 12 years with 59.09 crore accounts and ₹3.17 trillion in deposits, transforming India's banking landscape significantly.
Industrial47 records 1st close at 85 cr, aims 200 cr
Industrial47 has achieved the first close of its debut deeptech fund at Rs 85 crore, aiming to support startups in defence, space, energy, and advanced manufacturing sectors.
Even healthcare cuts around 400 employees to focus on hospitals
Bengaluru-based healthtech startup Even Healthcare has laid off 350-400 employees, nearly a third of its workforce, as it shifts focus to hospital expansion.
HDFC Bank shares slide 2.08% to ₹712 amid unease
HDFC Bank shares fell 2.08% on Thursday, driven by investor worries over a US class-action lawsuit, customer disputes in Dubai, and uncertainty surrounding CEO succession.
Central pensioners urge 8th Pay Commission to shorten 15-year wait
Central government pensioners urge the 8th Pay Commission to reduce the 15-year commutation restoration period, potentially restoring pensions up to four years earlier.
Air India seeks $1.5bn equity from Tata Sons and SIA
Singapore Airlines, holding a 25.1% stake in Air India, stated it will carefully evaluate any additional capital requests amid scrutiny over the Indian carrier's widening losses.
Bitcoin faces $80,000 to $82,000 resistance with 8% at break-even
Bitcoin faces significant resistance between $80,000 and $82,000, where nearly 8% of its supply was acquired, aligning closely with ETF holders’ average cost basis.
PwC India predicts Media and Entertainment at $36.7bn by 2030
India’s media and entertainment sector is projected to expand from $25.7 billion in 2025 to $36.7 billion by 2030, driven by digital ecosystems and innovative monetization models.
Hyundai may sell Boston Dynamics robots in showrooms, Munoz hints
Hyundai plans to sell Boston Dynamics robots through its dealerships, with CEO José Muñoz revealing potential financing options similar to vehicle purchases.
Rupee slips to 95.55 per US dollar as markets weaken
The rupee settled at 95.55 against the US dollar, down 11 paise, as broad dollar strength overshadowed support from easing crude oil prices and weak domestic markets.
Wipro to deploy Gemini Enterprise with Google Cloud across operations
Wipro is integrating Google’s Gemini Enterprise into its operations, training 10,000 AI-certified specialists to enhance business processes and drive scalable outcomes for clients.
Bitcoin holds above $80,000 after spot ETF inflows, Treasury buybacks
Bitcoin holds firm above $79,000 as spot bitcoin ETFs record eight consecutive days of net inflows, amassing $2.8 billion—the longest streak since April.
PRISM company behind Oyo posts 50% revenue jump ₹9,358cr FY2026
PRISM reported a Gross Booking Value (GBV) of Rs 30,683 crore for FY26, alongside a 50% revenue growth driven by increased business volumes and operational efficiencies.
Rupee falls to 95.54 per dollar amid month-end dollar buying
The Indian rupee fell 0.1% on Thursday, reversing early gains, as increased importer dollar demand and month-end pressures outweighed a modest recovery in the dollar index.
Piyush Goyal urges Japanese firms to invest in Indian manufacturing
Commerce Minister Piyush Goyal urged Japanese firms to invest in India, highlighting semiconductors, pharmaceuticals, and shipbuilding as key sectors during his Japan visit.
Dream11 moves beyond fantasy sports to AI 1st engagement platform
Dream11 transitions from fantasy sports to an AI-first global sports engagement platform, focusing on live streaming, stats, social contests, and personalized fan experiences.
Zerodha launches Life Cycle Fund 2031 that shifts assets automatically
Zerodha Fund House has introduced the Zerodha Life Cycle Fund 2031, a five-year target-date fund with dynamic asset allocation, open for subscription until September 10.
HDFC Bank may challenge tribunal decision on Subhash Chandra repayment
HDFC Bank is evaluating an appeal to NCLAT against an NCLT-approved repayment plan for Essel Group's Subhash Chandra, which offers creditors a recovery of just 0.028%.
Bitfinex Securities launches $50 million ALKN fundraising backed by Swiss nickel
Bitfinex Securities announced a $50 million capital raise to support Alkemya Metacore, enabling blockchain-based trading of high-purity nickel wire under strict regulations.
CBRE finds most Indian occupiers doubt AI's leasing impact
Despite widespread AI adoption, 57% of office occupiers in India report no significant influence of AI on their leasing decisions, according to CBRE's findings.
CrowdStrike posts $1.47 billion in revenue, shares jump over 10%
CrowdStrike increased its annual revenue forecast as second-quarter earnings surpassed estimates, driven by growing demand for its cloud-based cybersecurity solutions.
August 2026 Panorama report: AI reduces rehires, burdens young jobseekers
Artificial intelligence may reduce employment by slowing hiring and leaving vacancies unfilled, even as layoffs remain aligned with broader labor market patterns.
Blinkit, Instamart, Zepto cap sugar purchases as prices surge
Quick-commerce platforms such as Blinkit, Zepto, and Swiggy Instamart as well as retail chains like DMart and Reliance Retail have reportedly capped purchases of sugar to manage existing stocks and avoid shortages.
SHEIN to raise $1.7B in Hong Kong IPO
SHEIN, the popular online fast-fashion retailer, is gearing up for its Hong Kong initial public offering (IPO).
Aragen Life Sciences files ₹800cr IPO papers with SEBI
Aragen Life Sciences has filed draft papers with SEBI for an ₹800-crore IPO, including a fresh issue and an offer for sale by promoters and investors like Goldman Sachs.
NVIDIA shares jump 8% premarket after $96.2B Q2 revenue
Nvidia's strong earnings and upbeat guidance boosted its shares by 8%, lifting technology stocks, bitcoin, and AI infrastructure companies in Thursday’s pre-market session.
LTM opens global delivery and AI competency centre in Kolkata
LTM has launched a Global Delivery and AI Competency Centre in Kolkata, enhancing its AI capabilities while fostering local talent and regional economic growth.
AvenuesAI Q1 revenue more-than-doubled profits up 45% targets 11,000-13,000cr FY27
AvenuesAI begins FY27 with robust momentum, focusing on US expansion, Rediff's tech ecosystem, and AI-driven innovations to diversify its payments business and drive future growth.
NVIDIA criticized over circular financing, CFO Colette Kress defends investments
Nvidia faces criticism for investing in AI companies that heavily rely on its chips, raising concerns about financial risks and inflated demand within the industry.
Tempsens Instruments IPO subscribed 184.07 times ahead of NSE/BSE debut
Tempsens Instruments IPO, subscribed 184.07 times, is set to debut on NSE and BSE on August 28, with a strong grey market premium (GMP) of ₹307 signaling robust investor interest.
India to roll out 13,000cr scheme for advanced battery components
India is set to launch a Rs 13,000 crore ($1.37 billion) incentive program to boost domestic production of advanced battery components and reduce reliance on Chinese imports.
RBI proposes standardized APR to make loan costs transparent
RBI's proposed rules standardize loan pricing and APR disclosures, enabling borrowers to compare costs effectively while ensuring fair borrowing practices across banks and NBFCs.
US national debt tops $40 trillion for 1st time ever
America's national debt has surpassed $40 trillion, raising questions about its implications and revealing that the majority of this staggering amount is owed domestically.
Nestle urges India to include food firms in front-of-pack rules
Nestle advocates for India to engage food companies in shaping front-of-pack health warning rules, emphasizing scientific evidence and consumer-friendly transparency.
Hy-Tech Engineers IPO closes today as GMP surges to 85%
The final day of bidding for the Hy-Tech Engineers IPO has arrived, with investor interest remaining strong.
Three IPOs close Aug 27; Symbiotec Pharmalab subscribed 20.18 times
Three upcoming IPO listings—Symbiotec Pharmalab, Skyways Air Services, and Hy-Tech Engineers—are expected to debut at premiums of up to 85%, driven by strong investor demand.
Huawei partners with Chinese drugmakers to speed new medicine development
Huawei plans to deepen its AI partnerships with local pharmaceutical firms, focusing on drug development and clinical applications, according to healthcare president William Zhang.
India launches mobile phone manufacturing scheme to back indigenous brand
India, now the world's second-largest mobile manufacturer, aims to create a globally competitive home-grown smartphone brand through a ₹62,500 crore government incentive scheme.
VAHDAM India posts over sixfold net profit, nearly ₹360cr revenue
VAHDAM India achieved Rs 350 crore in revenue for FY26, marking a 31% growth year-on-year, while its net profit soared sixfold to Rs 32 crore.
Wheat prices hit 3-year high as Russia-Ukraine war escalates
Wheat prices have hit a three-year high, as fears of an escalation in the Russia-Ukraine war continue to grow.
UK judge orders Samsung pay Swatch $11.6 million for watch faces
Samsung has been ordered by the UK High Court to pay $11.6 million in damages to Swatch Group for trademark infringement involving smartwatch app designs between 2015 and 2019.
Indian residents sent $1.94bn abroad under LRS H1 2026
Overseas equity and debt investments by Indians under the Liberalised Remittance Scheme soared 77% to $1.94 billion in H1 2026, driven by interest in AI and semiconductor sectors.
Skyways, Symbiotec and Hy Tech wrap up oversubscribed IPOs today
Skyways Air Services, Symbiotec Pharmalab, and Hy Tech Engineers IPOs close for subscription today, witnessing robust demand with subscription levels reaching up to 114.06 times.
Mahle revives India IPO to raise $300 to $400 million
Mahle GmbH is reportedly reconsidering an IPO for its Indian business, potentially raising $300–$400 million, as it aims to capitalize on India's robust equity market.
Emad Mostaque proposes intelligence stack to give Indians AI assistants
Emad Mostaque, co-founder of Stability AI, emphasized transforming India Stack into a comprehensive intelligence stack to empower citizens and enhance societal institutions.
Copper $14,350 per metric ton on LME as supplies shrink
Copper prices approach record levels at $14,350/tonne, driven by falling inventories and mine disruptions amid surging demand from green energy and digital infrastructure.
Dipan Mehta warns investors about AI threat to Indian IT
Dipan Mehta of Elixir Equities warns that advancements in AI could disrupt coding-driven Indian IT services, urging caution as automation threatens traditional business models.
NVIDIA revenue doubles to $96 billion on Blackwell chip demand
Asian technology stocks climbed as Nvidia’s quarterly revenue doubled to $96bn, fueling optimism in the AI sector and boosting market confidence after recent tech sell-offs.
₹22,000cr dues, ₹6.5cr payout: NCLT approves Subhash Chandra's plan
The National Company Law Tribunal (NCLT) has approved a repayment plan by media baron Subhash Chandra in his personal insolvency resolution process.
Hong Kong private home prices slip 0.5% in July 2026
Hong Kong's private home prices fell 0.5% in July 2025, marking their first monthly decline since March, amid financial market pressures and tighter investment curbs.
Kwick Forensic Solutions IPO fully subscribed day 1, 2.68x demand
Kwick Forensic Solutions IPO was fully subscribed on Day 1, driven by robust retail investor interest with a 4.88x subscription. GMP indicates a potential 71% premium listing.
China's July industrial profits rise 11.2% weakest pace this year
China's industrial profit growth decelerated to 11.2% in July, marking the weakest pace this year as domestic demand wanes and global commodity price boosts fade.
NVIDIA's revenue doubles to $96B as AI demand surges
NVIDIA has reported a massive surge in sales due to the global demand for artificial intelligence (AI) systems.
Piyush Goyal pitches Indian manufacturing to Japanese leaders in Osaka
Union Minister Piyush Goyal engaged with top Japanese firms in Osaka, discussing collaboration opportunities across semiconductors, aluminium, paints, and sports manufacturing.
Flexible workspaces in India record 191,306 seats leased in H1 2026
India's flexible workspace sector achieved a record 8.4 million sq ft in gross leasing volume during H1 2026, driven by rising demand from GCCs and technology-enabled workplaces.
HDFC Bank replaces Swiggy card with Ornge and BLCK options
HDFC Bank is replacing its Swiggy credit card with two new variants, Swiggy Ornge and BLCK, offering revised cashback rates, benefits, and requiring re-registration of autopays.
Indian government bonds slip ahead of ₹340 billion debt auction
Indian government bonds fell Thursday, opening flat before retreating amid heavy debt supply concerns, despite easing Brent crude oil prices benefiting energy importers like India.
Juniper Green shares slip nearly 4.24% despite strong Q1 performance
Shares of Juniper Green Energy dropped nearly 5% on Thursday, despite reporting an 81% rise in operating income for Q1 FY27 and robust capacity expansion.
Astrotalk becomes $1 billion unicorn after profit-funded ESOP buyback
Astrotalk, a Noida-based spiritual-tech platform, achieved unicorn status through profit-funded ESOP buybacks, leveraging astrology's evolution into a broader commerce ecosystem.
CLSA: Quick commerce now in 477 Indian cities, retailers experiment
Quick commerce is growing beyond metro cities, with dark stores now in 477 locations as companies explore untapped markets and refine local strategies, CLSA reports.
Finance Minister Nirmala Sitharaman pitches India to attract Canadian investment
Finance Minister Nirmala Sitharaman urged Canadian financial firms to boost investments in India's rapidly growing economy and expanding infrastructure.
Zerodha CEO Kamath warns exposure near ₹9000cr after ₹6000cr borrowing
Nithin Kamath, Zerodha's CEO, has raised alarms about the risks of margin trading as growing leverage could amplify stress during sharp market downturns.
Skyways Air Services IPO oversubscribed, gray market premium suggests ₹180
Skyways Air Services IPO concludes with a 5.08x subscription, driven by retail interest, while grey market premium signals a potential 31% listing gain.
India's sugar prices now hit ₹65.05/kg, retailers cap sales
Quick-commerce platforms like Swiggy Instamart and Blinkit have capped sugar purchases as prices surge, with retail chains following suit to manage stocks amid tightening supplies.
Thinking Machines Lab co-founder to join Google
Barret Zoph, the co-founder of artificial intelligence start-up Thinking Machines Lab, is set to join Google DeepMind as its Vice President of Research.
Meta settles with 29 US states up to $17.1 billion
Meta agreed to a landmark $17.1 billion settlement with 29 U.S. states, addressing allegations of harm to children and teens caused by its platforms like Instagram and Facebook.
Bitcoin falls below $79,000 as possible Fed hike cools rally
Bitcoin slipped below $79,000 after briefly topping $80,000, while XRP led losses with a 3% drop as rising rate hike expectations challenge the ongoing crypto rally.
InstaAstro raises $12 million Series A for regional, AI expansion
Gurugram-based spiritual wellness platform InstaAstro raised $12 million in a Series A round led by Singularity AMC and Artha Venture Fund to fuel global expansion.
Lumino Industries IPO opens with 61% GMP: Apply or avoid?
The ₹700 crore initial public offering (IPO) from Lumino Industries, a leading player in India's power transmission and distribution sector, has opened for subscription today.
ASSOCHAM forecasts India Japan trade near $50 billion by 2030
India-Japan trade could reach USD 50 billion by 2030, driven by export diversification, upgraded trade agreements, and enhanced business collaboration, says ASSOCHAM.
Kataria Jewellers launches 1.6 cr equity share IPO for expansion
Madhya Pradesh-based Kataria Jewellers has filed draft papers for an IPO, aiming to raise funds to open two new stores and repay debt.
Indian government bond yields hold at 6.8537% as oil eases
Indian bonds opened stable at a 10-year yield of 6.8537%, while easing Brent crude prices near $87 per barrel improved market sentiment amid geopolitical developments in West Asia.
NVIDIA earnings surge, Indian markets barely move amid global rally
Nvidia's record earnings boosted global sentiment, but the Nifty 50 remained range-bound as HDFC Bank led declines amid domestic inflation concerns and weak monsoon forecasts.
HDFC group companies lose ₹4.38L/cr market value past year
HDFC group stocks collectively lost Rs 4.4 lakh crore in market capitalization over the past year, with HDFC Bank and HDFC Life Insurance leading the decline.
Bank of Baroda raises $1.1 billion via US dollar bonds
Bank of Baroda raised $400 million via bond reissuance, pushing its total fundraising to $1.1 billion under the central bank's discounted dollar deposit scheme.
Indian rupee opens slightly lower at ₹95.44 amid caution
The Indian rupee started at Rs 95.44 per dollar, down three paise, as investors awaited fresh triggers and RBI intervention amid declining Brent crude prices globally.
Bank of Korea raises rate to 3% amid inflation, growth
South Korea's central bank increased its benchmark interest rate to 3%, citing robust economic growth and persistent inflation driven by surging energy costs.
SoftBank may acquire 1X, an OpenAI-backed robotics start-up
SoftBank is in negotiations to buy a majority stake in 1X Technologies, a humanoid robot start-up backed by OpenAI, according to The Information.
RBI proposes rules making banks and NBFCs loan pricing transparent
The Reserve Bank of India has proposed a unified framework for lenders to standardize loan pricing, aiming to simplify interest rate comparisons and enhance clarity for borrowers.
NVIDIA to acquire Hugging Face for $12.9B
NVIDIA has agreed to acquire AI platform Hugging Face for a whopping $12.9 billion, according to The Information.
Shein to raise about $1.7 billion in Hong Kong IPO
Shein plans to price its Hong Kong IPO at about HK$48.56 per share, targeting $1.7 billion in proceeds and a valuation of over $26 billion.
Sensex and Nifty climb as crude falls amid Hormuz talks
Sensex and Nifty opened higher on Thursday as falling oil prices fueled optimism over potential Iran-Qatar talks to reopen the vital Strait of Hormuz for global energy trade.
June internal survey finds majority of surveyed NVIDIA employees millionaires
A June 2025 survey revealed nearly 80% of Nvidia employees are millionaires, driven by skyrocketing stock prices and equity-based compensation amid the AI boom.
Meta agrees to $18B settlement over child safety
Meta has agreed to pay $18 billion in a settlement with 29 US states over claims that it endangered children on its platforms, particularly Instagram and Facebook.
NVIDIA posts $96.22B Q2 revenue, flags memory costs and debt
Nvidia's stellar Q2 earnings highlight AI-driven growth, but rising memory costs and increasing debt pose significant risks to its financial stability and future margins.
Indian rupee opens slightly higher at 95.44 against US dollar
The Indian rupee opened slightly stronger at 95.44 per dollar, supported by lower oil prices and central bank intervention, while Asian currencies showed mixed trends.
NVIDIA predicts 70% revenue gain for year ending January 2028
Nvidia forecasts a 70% revenue surge next fiscal year, driven by robust AI computing demand, while supply constraints and rising component costs pose challenges to expansion.
Deepa Jewellers IPO opens Sep 1, band ₹168 to ₹177
Deepa Jewellers IPO price band is set at ₹168-₹177 per share, with subscription open from 1 September to 3 September. Anchor investor allocation is scheduled for 31 August.
NVIDIA forecasts 70% fiscal 2028 revenue surge on AI demand
Nvidia forecasts a 70% revenue increase by fiscal 2028, driven by surging AI demand and robust chip sales, despite supply constraints and rising memory costs.
Chinese firms may join Semicon India 2026 as trade delegates
Chinese companies are showing interest in attending Semicon India 2026 as trade delegates, driven by India's booming electronics sector and rising demand for raw components.
Lumino Industries IPO priced ₹78-₹82, 500cr issue, 200cr promoter sale
Lumino Industries' Rs 700 crore IPO opens today, August 27, with a price band of Rs 78–82 per share. The grey market premium (GMP) indicates a strong 61% listing gain.
RBI uses $73B foreign deposits to steady rupee, spent $7B
The Reserve Bank of India has adopted a consistent intervention strategy, leveraging $73 billion in fresh foreign deposits to stabilize the rupee amid mounting pressures.
Groww named Startup of the Year at Economic Times Awards
The 12th edition of ET Startup Awards crowned Groww as Startup of the Year, with accolades for innovators like Theranautilus and comeback stories like Mukund Jha’s Emergent.
Temasek backed Sembcorp Green Infra filed 3,750cr IPO in Mumbai
Sembcorp Green Infra, backed by Temasek, has filed for a $393 million IPO in Mumbai, aiming to allocate ₹30 billion of proceeds toward debt repayment.
Gold rises 0.5% to $4,615.27 before Fed Chair Warsh remarks
Gold prices rebounded 0.5% after a sharp drop, as investors anticipate Federal Reserve Chair Kevin Warsh's remarks amid ongoing U.S. inflation concerns.
Crude slips amid Iran-Qatar talks over Strait of Hormuz
Oil prices continued their decline amid hopes of eased Middle East tensions, while gold steadied near $4,600 an ounce as investors assessed the Federal Reserve’s inflation stance.
Jes Staley admits sharing JPMorgan details with Epstein, including $44bn
Jes Staley admitted to US lawmakers that he shared sensitive JPMorgan information with Jeffrey Epstein, including financial crisis details and private bank inflows.
Qantas reports $2.06bn before-tax profit amid $610m fuel hit
Qantas reported a $2.06bn pre-tax profit, its lowest in four years, as the US-Iran conflict drove jet fuel costs up by $610m.
Niti Aayog to study barriers facing India's deep-tech startups
The government, through Niti Aayog, will commission a six-month study to identify measures for advancing deep-tech startups from prototypes to commercial deployment.
Lisa Cook rebuffs removal after Supreme Court blocked Trump effort
Federal Reserve Governor Lisa Cook defended herself against President Donald Trump’s latest attempt to remove her, denying allegations of mortgage fraud in a detailed letter.
Govt ₹2 tn incentives help India land ₹4,000 cr investments
India's semiconductor industry sees a promising start, with top conglomerates investing over ₹4,000 crore in domestic chip projects under the ambitious India Semiconductor Mission.
Theranautilus Bengaluru startup wins ET Top Innovator, schedules dental trials
Theranautilus, a Bengaluru-based deeptech startup, won the Top Innovator award for its groundbreaking nanorobots enabling targeted, minimally invasive medical treatments.
Bengaluru-based Groww wins 'Startup of the Year' at ET 2026
Groww wins the prestigious ET Startup of the Year 2026 award, lauded for its regulatory resilience, profitability, and retaining startup agility post-public listing.
Varaha wins ET Startup Awards 2026 Social Enterprise award
Varaha, winner of ET Startup Awards 2026 in Social Enterprise, enables smallholder farmers to earn from carbon markets while adopting sustainable farming practices.
Armatrix wins 2026 ET Best on Campus for snake-like arms
Armatrix, an IIT-Kanpur-born startup, clinched the Best on Campus award for its innovative snake-like robotic arms designed to navigate narrow, hazardous industrial spaces.
NSE options trading hits lowest since December at ₹67,000 cr
Options turnover on the National Stock Exchange of India hit its lowest level this year, driven by stricter trading rules and the introduction of a closing-auction system.
Sebi CAS for 213 stocks forces iNAVs 15-second lag
Sebi's single equilibrium-price auction for closing prices disrupts ETF pricing, causing mismatches in indicative net asset value (iNAV) and liquidity challenges for market makers.
Mukund Jha wins Comeback Kid award after Emergent raises $230 million
Mukund Jha, Emergent cofounder, wins the Comeback Kid award for his remarkable resurgence after Dunzo's collapse, steering his AI startup to a $1.5 billion valuation.
Indian startup leaders launch ₹250cr fund for low income communities
A group of entrepreneurs and investors, including Deep Kalra and Vidit Aatrey, have launched TILT, a ₹250 crore fund to support early-stage startups serving low-income communities.
NVIDIA shares pop 4.3% after-hours on $96.22B Q2 results
Nvidia shares jumped 4.3% in extended trading as Q2 fiscal 2027 revenue and EPS exceeded expectations, with FY28 guidance projecting 70% growth despite supply constraints.
India and China explore investment framework before Xi's BRICS visit
India and China are exploring a new investment framework to boost business ties, focusing on Chinese investments, export zones, and smoother access to critical raw materials.
Amazon expands NVIDIA GPU order above 3 million for AWS
Amazon has expanded its Nvidia partnership, ordering 2 million additional GPUs for AWS data centers by 2028, driven by surging demand from startups, enterprises, and AI labs.
Nestle names India top H1 2026 market; Nestle India FY26 revenue ₹23,155 cr
India has become Nestlé's top-performing market in H1 CY2026, driven by volume-led growth, billionaire brands, and a strong value proposition across its diverse portfolio.
India crosses $200 billion goods exports, government eyes $500 billion
India's goods exports surpassed $200 billion by August 21, driven by over 15% growth, with petroleum products and electronics leading the charge amidst a competitive rupee.
NVIDIA revenue jumps 106% to $96.2 billion amid AI boom
Nvidia's revenue soared 106% year-over-year to $96.2bn in Q2, as CEO Jensen Huang hailed the AI industry's "golden age," fueled by surging demand for its chips.
NVIDIA posts $89B data center revenue, forecasts $108B next quarter
Nvidia's strong earnings and optimistic guidance highlight Wall Street's enduring fascination with AI, as the chipmaker remains a key player in the booming AI-driven tech sector.
Amazon orders 2 million NVIDIA GPUs for AWS AI training
Amazon plans to deploy 2 million Nvidia GPUs in its data centers by 2027-2028, reinforcing its commitment to AI infrastructure despite developing its own competitive chips.
SPDR Gold Shares and iShares Bitcoin Trust lead $7B inflows
Gold and Bitcoin ETFs saw $7 billion inflows in five days, driven by investor concerns over US borrowing, fiscal anxiety, and the appeal of scarce assets.
NVIDIA forecasts $108B revenue but stock falls on investors' doubts
Nvidia projected $108 billion in revenue for the current period, surpassing analyst estimates, but shares fell 2% as investor concerns about the AI boom's sustainability persist.
Salesforce raises 2027 forecasts to $46.4B stock jumps 7% after-hours
Salesforce increased its fiscal 2027 revenue and earnings forecasts, driven by strong demand for its AI-powered autonomous agents that automate sales, service, and marketing tasks.
NVIDIA expects $108B Q3 revenue as AI chips drive growth
Nvidia projects third-quarter revenue of $108 billion, surpassing analysts' estimates, driven by strong demand for its AI-powered chips from major tech companies.
The Wall Street Journal permits AI drafting after Druckenmiller op-ed
The _Wall Street Journal_ now permits opinion contributors to use AI without disclosure, marking a pivotal shift as its editor calls AI a “fact of modern life.”
Anthropic secures $45B nScale deal to tap Vera Rubin chips
Anthropic will rent $45 billion worth of AI cloud computing power from Nscale's West Virginia data center to support its growing demand and upcoming IPO.
Disney Reliance joint venture JioStar cuts quarterly loss to $44m
Disney's losses from its Indian joint venture with Reliance Industries reduced to $44 million in the June quarter, down from $50 million a year earlier.
Singapore court backs $490 million award against Tata Power
Tata Power's challenge to a $490 million arbitration award over a dispute with Kleros Capital Partners was rejected by the Singapore International Commercial Court.
US firms post 19.4% Q2 profit margins, highest since 1940s
US corporate profit margins soared to a record 19.4% in Q2, driven by nearly 10% profit growth and strong consumer spending amid price hikes.
BPCL adds grocery delivery and Hello BPCL payment gateway
BPCL is venturing into e-commerce by delivering groceries alongside LPG cylinders and plans to launch its own payment gateway integrated with the Hello BPCL app.
Microsoft paid CEO Satya Nadella $96.5M in FY25
Microsoft has announced a record-breaking compensation package of $96.5 million for its CEO, Satya Nadella, for the fiscal year 2025.
Modi government may slash gold and silver import duties
The Indian government is considering a reduction in the import duties on gold and silver, as per Moneycontrol.
Meta settles social media addiction lawsuit in US for $16.68B
Meta Platforms, the parent company of Facebook and Instagram, has agreed to a massive settlement in a social media addiction lawsuit.
Is India's IPO boom sucking liquidity from stock market?
The Indian stock market has been on a downward trend for two years, with the Nifty 50 index declining by 2% over the last two years and 2.5% in the last year.
Qatar's LNG exports are down 96%. Reason? US-Iran war
The ongoing US-Iran conflict has taken a heavy toll on Qatar's economy, one of the world's top liquefied natural gas (LNG) exporters.
Flipkart Minutes overtakes Instamart's dark-store count in top 10 cities
Flipkart's quick commerce service, Minutes, has outpaced Swiggy's Instamart in terms of dark-store count and pincode coverage across India's top 10 cities.
Airbnb not a lucrative earning source for Indians anymore
Airbnb, once a lucrative platform for Indian homeowners to earn extra income, is witnessing a shift in its dynamics.
Volkswagen CEO booed by workers over mass layoffs, factory closures
Volkswagen's CEO Oliver Blume was met with boos and whistles at the company's headquarters.
Why flights in India are unlikely to become cheaper
Airfares in India and the Asia-Pacific region are likely to remain high, even with a decline in jet fuel prices.
Forget SpaceX, Anthropic sees more than $30T in potential revenue
Artificial intelligence (AI) company Anthropic is gearing up for its initial public offering (IPO) by pitching a whopping total addressable market (TAM) of over $30 trillion, as per the Wall Street Journal.
DeepSeek nears $74B valuation in new funding round before IPO
Chinese artificial intelligence (AI) start-up DeepSeek is close to completing a new funding round.
Air India, Drukair sign deal to boost India-Bhutan connectivity
Air India and Drukair-Royal Bhutan Airlines have announced an interline partnership to improve travel connectivity between India, Bhutan, and other international destinations.
Vi, BSNL agree on nationwide network sharing: Report
Vodafone Idea and Bharat Sanchar Nigam Limited (BSNL) have reached an agreement to expand network sharing across all telecom circles, CNBC Awaaz reported.
SRK-backed Pernia's Pop-Up is going public: All about the IPO
Purple Style Labs, the parent company of luxury fashion platform Pernia's Pop-Up Shop, has announced the price band for its initial public offering (IPO).
Why SoftBank is planning bond sale of up to $20B
SoftBank Group is in talks with investment banks over a possible bond sale of $10 billion to $20 billion.
Deloitte paying $21.5M to settle investigation into hiring practices
Deloitte, a leading accounting firm, has agreed to pay $21.5 million to settle a US Department of Justice (DOJ) investigation into its diversity and inclusion practices.
Why TikTok parent ByteDance has been fined $30M in Brazil
Brazil's data protection authority has slapped a hefty fine of nearly $30 million on ByteDance, the parent company of TikTok.
Modi government wants Apple to build component ecosystem in India
India is pushing Apple and its suppliers to set up a local component ecosystem for domestic use and exports, as per Moneycontrol.
Uber, Ola might stop operations in Pune from September 2
Cab aggregators, including major players like Uber and Ola, could face a ban on their operations in Pune starting September 2.
Zerodha, Angel One get SEBI approval to offer corporate bonds
Leading brokerage firms Zerodha and Angel One have received approval from the Securities and Exchange Board of India (SEBI) to offer corporate bonds on their platforms.
Oil prices fall as US eases military pressure on Iran
Oil prices witnessed a decline on Wednesday, amid reduced fears of military conflict. The United States is now focusing more on economic sanctions to pressure Iran.
Egg prices jump 40%: How ethanol is making breakfast costlier
Egg prices in India have seen a sharp spike, thanks to the rising diversion of maize for ethanol production.
Air India wants $1.5B funding from Tata Sons, Singapore Airlines
Air India is looking for a capital infusion of approximately $1.5 billion from its owners Tata Sons and Singapore Airlines, Reuters reported citing two people familiar with the matter.
Modi government to exempt high-tech sectors from getting BIS certification
Commerce and Industry Minister Piyush Goyal has announced that the government is working on a framework to exempt certain sectors from Bureau of Indian Standards (BIS) certification requirements.
Swiggy Dineout now lets you order food while watching movies
Swiggy Dineout, the dining and reservation arm of Swiggy, has launched a new service for moviegoers.
Indian taxpayer gets relief in an undisclosed foreign assets case
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has rejected an appeal by the Income Tax Department in a case involving alleged undisclosed foreign assets.
Moving abroad for work? You can withdraw your PF early
If you're planning to take up a job abroad, it's important to understand how your Employee Provident Fund (EPF) will be affected.
Indian companies to get DRDO missile tech for indigenous production
The Indian government's push for self-reliance in defense manufacturing has received a major boost.
India's gig economy is neglecting women, says study
A recent study by the International Labor Organization and the National Council of Applied Economic Research has highlighted the underrepresentation of women in India's fast-growing gig economy.
India-US bond-yield spread hits historic low: Should we be worried?
The gap between India's 10-year government bond yield and the US 10-year Treasury yield has shrunk significantly.
RBI's USD-INR forex swap facility attracts inflows worth $73B
The Reserve Bank of India's (RBI) special USD-INR forex swap facility has garnered $72.8 billion in foreign exchange inflows till August 21.
Volkswagen might slash around 140,000 jobs
Volkswagen AG's labor representatives have warned that the company's planned job cuts could affect as many as 140,000 positions.
Bitcoin hits 3-month high of $80,908: What's the reason?
Bitcoin has surged past the $80,000 mark for the first time since mid-May, extending a 23% weekly rally, its biggest in nearly three years.
Vi shares jump over 8%: What's behind the sharp rally?
Vodafone Idea's stock price surged by over 8% in intraday trade today, August 25. The surge has brought the stock close to its 52-week high of ₹15.34.
Augmont Enterprises IPO closes today as GMP stays above 40%
The bidding for Augmont Enterprises' initial public offering (IPO) closes today, August 25.
Smart ring maker Oura plans $3B IPO at $16B valuation
Oura, the innovative smart ring company with offices in San Francisco and Finland, is reportedly gearing up for a US initial public offering (IPO) next month.