Business News
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Why CCI is avoiding suo motu cases now
The Competition Commission of India (CCI) has said that it is avoiding suo motu cases unless no one else is willing to come forward.
When is your PF withdrawal tax-free?
The Employees' Provident Fund (EPF) scheme is a retirement savings plan for salaried employees in India.
Small businesses adopt AI to boost productivity and reduce paperwork
While corporate giants may leverage AI for layoffs, small businesses are adopting it to enhance productivity, reduce errors, and support their workforce amidst labor shortages.
Self described founding engineer says startup owes ₹90,000 salary
A Reddit post by a founding engineer claims he built an entire product for an early-stage startup but is still awaiting ₹90,000 in unpaid salary after five months.
EPFO starts crediting 8.25% interest for 2025-26 from July 15
EPFO members may experience delays in seeing their annual interest credited, but this does not impact the amount earned, as interest is calculated monthly and credited annually.
Madhav Sheth's NxtQuantum AI+ achieves ₹1,650cr quarterly revenue milestone
AI+, founded by Madhav Sheth, leverages two decades of Chinese market expertise to create a globally competitive, homegrown Indian smartphone brand.
Spanish satellite company Sateliot launches affordable NB-IoT push in India
European satellite operator Sateliot has established an Indian subsidiary, aiming to tap into the country's booming IoT market with low-cost satellite connectivity solutions.
CBDT issues crypto reporting guidance under Income Tax Act 2025
The Central Board of Direct Taxes (CBDT) has released a guidance note to help crypto-asset service providers comply with reporting obligations under the Income Tax Act, 2025.
FSSAI suspends licenses of Westend Agro Products and Rehaan Healthcare
FSSAI has suspended the licenses of Westend Agro Products and Rehaan Healthcare for serious food safety violations, including mislabeling and unhygienic manufacturing practices.
Lodha Developers posts Q1 profit ₹1,373.1 cr, eyes ₹4,100 cr
Lodha Developers aims for ₹4,100 crore net profit in FY27, driven by robust housing demand and efficient project execution, following its record-breaking quarterly profit in Q1.
PNB's net profit to cross ₹20,000cr mark in FY27
Punjab National Bank (PNB) is confident that its net profit will cross the ₹20,000 crore mark in FY27.
India now one of the biggest markets for Swiss watches
India is fast emerging as a key player in the global Swiss watch market, according to the Federation of the Swiss Watch Industry.
Market cap of India's top 9 firms down ₹2.74L crore
The Indian equity market witnessed a rough week, with nine out of the top 10 companies losing their market value. Together they lost ₹2.74 lakh crore.
US tech sheds 140,000 jobs amid big AI investments
Tech giants are investing billions in AI infrastructure, while nearly 140,000 jobs have been cut across the sector since 2026, reflecting shifting corporate priorities.
India climbs to 15th spot in 2026 Swiss watch market
India's surging luxury demand has propelled it to become the 15th-largest market for Swiss watches in 2026, driven by first-time buyers and a tariff-lowering trade pact.
Tech companies foresee major AI driven changes within 1 year
Artificial intelligence is revolutionizing operations and workforce strategies in high-growth technology companies, with 86% confident of significant changes within a year.
Individual salespersons should be linked to every insurance policy: IRDAI
Ajay Seth, the chairman of the Insurance Regulatory and Development Authority of India (IRDAI), has proposed an approach to combat mis-selling in the insurance sector.
Nepal urges India to accept biometric ID for cross-border travel
Nepal has formally requested India to accept its biometric National Identity (NID) card as a valid travel document for cross-border trips.
Midcap and smallcap indices fall for 2nd consecutive week
The broader market indices continued their downward trend for the second consecutive week, mirroring the performance of benchmark indices.
Why Prince George won't get a smartphone anytime soon
Prince George, the eldest son of Prince William and Kate Middleton, is set to start his five-year journey at Eton College in September.
IRDAI head Ajay Seth urges agent tagging for all policies
Irdai chairman Ajay Seth emphasized tracing insurance sales to individual agents to curb mis-selling, proposing a Public Insurance Registry for transparency and accountability.
Over a dozen IPOs lined up for August
India's primary market is gearing up for a busy August, with over a dozen companies planning initial public offerings (IPOs) that could raise more than ₹25,000 crore.
Dalal Street readies 9 IPOs led by Manipal Health ₹9,275cr
India's primary market is set for a busy week with nine IPOs, including three mainboard offerings aiming to raise over Rs 11,300 crore led by Manipal Health Enterprises.
August IPOs in India target over ₹25,000cr led by Zepto
Over a dozen companies, including Zepto and Shiprocket, are gearing up to launch IPOs next month, collectively aiming to raise over ₹25,000 crore amid improving investor sentiment.
NTPC to raise ₹12,000cr via NCDs
State-run power giant NTPC has announced its plan to raise up to ₹12,000 crore through the issuance of non-convertible debentures (NCDs).
Musk's tunneling venture could be worth $20B
Elon Musk's tunneling venture, The Boring Company, is said to be in talks for a new funding round that could value it at around $20 billion, according to
Canva founders commit $150M to world's largest cash transfer program
Canva co-founders and billionaire couple Melanie Perkins and Cliff Obrecht have launched the world's largest unconditional cash transfer program in a low-income country.
Amnon Shashua to step down as Mobileye CEO, replacement sought
Amnon Shashua, co-founder of Mobileye, announced plans to step down as CEO after guiding the company through major milestones, including its IPO and Intel acquisition.
Court blocks Trump bid to revive $100,000 H-1B visa fee
A US federal appeals court has refused to stay a lower court ruling that struck down the Trump administration's controversial $100,000 fee on new H-1B visas.
Will Indian stock market fall for 6th straight session tomorrow?
The Indian stock market has been on a downward trend for five consecutive sessions.
WhatsApp had more UPI transactions than CRED in June
WhatsApp has surpassed CRED in Unified Payments Interface (UPI) transaction volume for June, according to data from the National Payments Corporation of India (NPCI).
Money won't matter in 2036, says Elon Musk
Elon Musk, the CEO of Tesla and SpaceX, has predicted that artificial intelligence (AI) will transform the global economy in the next decade.
NVIDIA's Jensen Huang predicts tenfold AI chip demand rise
Nvidia CEO Jensen Huang believes the AI boom is far from over, citing a fundamental shift in computing infrastructure and unprecedented demand for new-generation AI systems.
Global economy endures as US jobless claims hit 1969 low
Global economic growth shows signs of acceleration, driven by AI-powered advancements in South Korea and steady labor markets in the US amid inflation concerns.
'Divorce of the century': Korean billionaire to pay ex-wife $644M
Chey Tae-won, the chairman of South Korea's SK Group conglomerate, has been ordered to pay his ex-wife Roh Soh-yeong 944 billion won ($644 million) in a divorce settlement.
Kalshi asks Netflix to pull trailer for prediction markets documentary
Kalshi, a prediction market platform, has sent a cease-and-desist letter to Netflix.
Oil surge above $100 puts central banks on alert
The recent spike in crude oil prices, briefly crossing the $100 mark for the first time in two months, is raising alarm bells among policymakers.
Federal Reserve expected to hold rates at 3.50% to 3.75%
The Federal Reserve, led by Chairman Kevin Warsh, is expected to keep interest rates steady amid persistent inflation concerns and geopolitical tensions impacting energy prices.
CGST arrests 4 in Gurugram ₹200cr input tax credit fraud
Four individuals, including two startup founders and two chartered accountants, were arrested in Gurugram for a ₹200-crore input tax credit scam involving fake invoices.
Oil tops $100 a barrel as central banks meet soon
Crude oil's brief surge above $100 raises inflation concerns, prompting central banks across the G7 to assess potential interest rate moves amid global economic uncertainty.
ED freezes properties worth ₹332.24cr linked to Prabhudas Virchand Lotia
The Enforcement Directorate attached Hotel Rangsharda and a Prabhadevi land parcel worth ₹332.24 crore, alleging misuse of MHADA-allotted land for commercial purposes.
Gold nudges to about $4,063 while silver rises 1.6%
Gold prices rose above $4,060 an ounce as Middle East conflict and inflation concerns fueled speculation over potential Federal Reserve interest rate hikes.
Ajay Seth at IBAI urges insurance products fit all budgets
IRDAI chairman Ajay Seth emphasized making insurance products available, accessible, and affordable for diverse societal and economic segments nationwide.
DeepSeek halts fundraising after viral US-China remarks
DeepSeek, a leading Chinese AI company, has reportedly put its second fundraising round on hold.
Warner Bros. Discovery sues Amazon over alleged poaching of employees
Warner Bros. Discovery has filed a lawsuit against Amazon, accusing the tech giant of illegally poaching its employees.
Violent attacks on crypto holders surge 33% globally
The world of cryptocurrency is witnessing a worrying trend: a rise in violent attacks against crypto holders.
ED chargesheets 3 founders of real-money gaming firms
The Enforcement Directorate (ED) has filed a prosecution complaint against Gameskraft Technologies and RummyTime Technologies under the Prevention of Money Laundering Act (PMLA).
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.
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.
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.
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 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.
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.
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.
Indo-MIM IPO opens today with 38% GMP
Indo-MIM Ltd has launched its initial public offering (IPO) today. The offer will remain open until July 27.
Alphabet becomes first company to report $100B quarterly profit
Google-parent Alphabet has become the first company in history to report over $100 billion in quarterly profit.
Xtranet Technologies IPO opens today: Should you bid?
Xtranet Technologies, an IT solutions provider, has launched its initial public offering (IPO) today. The three-day bidding period will end on July 27.
Tesla's Q2 revenue jumps 26% but profitability still a concern
Tesla has reported a strong recovery in its financial performance for the second quarter of 2026.