Business News
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Kolkata's Sollfege Smart Electronics to launch IPO to raise ₹21.78cr
Sollfege Smart Electronics plans to raise ₹21.78 crore through an IPO opening on September 30, with shares priced at ₹55 each and listing on the BSE SME platform.
IRDAI to launch Bima Sugam digital insurance marketplace by November
India's insurance regulator, IRDAI, plans to launch the digital insurance marketplace Bima Sugam by November to streamline and enhance transparency in insurance purchases.
BlackRock: Hyperscaler cloud market to top $1tn by 2030
Hyperscaler cloud revenues are projected to exceed USD 1 trillion annually by 2030, driven by the increasing demand for AI and digital asset integration.
Boeing 737 Max update can disable some autopilot features
Boeing is addressing a software glitch on the 737 MAX that can disable autopilot functions after a missed approach, potentially requiring manual pilot control.
DHL Express to hike shipment charges in India by 8.9%
DHL Express, a leading logistics company, has announced an 8.9% hike in its shipment charges in India.
Airbus flags fuselage coating issue affecting some IndiGo A321neo planes
Airbus has flagged a quality issue with the surface protection coating on the fuselage of several narrow-body A321neo planes.
Why NTPC has joined hands with France's EDF
State-owned power giant NTPC has signed a joint venture (JV) agreement with EDF Power Solutions India, a subsidiary of French electricity company Electricite de France (EDF).
PhonePe CEO Sameer Nigam thinks AI companies are overvalued
Sameer Nigam, the co-founder and CEO of PhonePe, has said that while artificial intelligence (AI) isn't overhyped, the valuations of companies in this space are definitely overstated.
Why Paramount Skydance is shifting its stock listing to NYSE
Paramount Skydance has announced its decision to shift the listing of its Class B common stock from Nasdaq to the New York Stock Exchange (NYSE).
Why Larry Ellison has pledged Oracle shares worth $9.2B
Larry Ellison, Oracle's executive chairman and chief technology officer, has pledged an additional 67 million shares of the tech giant as collateral for personal loans.
Why TikTok has agreed to pay $100M to Alabama
TikTok has settled a lawsuit with the state of Alabama, agreeing to pay at least $100 million and impose restrictions on teenage users.
This biscuit maker has filed for ₹1,800cr IPO in India
Anmol Industries, a leading Indian biscuit manufacturer, has filed for an initial public offering (IPO) worth up to ₹1,800 crore ($187.87 million).
India's forex reserves fall by $14.9B to hit $765B
India's foreign exchange reserves have witnessed a significant decline of $14.9 billion.
Nscale secures major funding ahead of IPO
UK-based artificial intelligence (AI) company Nscale has raised a whopping $3.36 billion in financing, ahead of its planned initial public offering (IPO) later this year, the firm announced on Friday.
Matt Mullenweg reshuffles Automattic board weeks after removal attempt
Matt Mullenweg, the CEO of Automattic, has reshuffled the company's board just weeks after an unsuccessful attempt to remove him.
India, Australia working toward finalizing bilateral investment treaty: Piyush Goyal
India and Australia are working toward finalizing a Bilateral Investment Treaty (BIT) and a Comprehensive Economic Cooperation Agreement (CECA), Commerce Minister Piyush Goyal announced.
AI could boost labor productivity by 3.8%, says IMF
The International Monetary Fund (IMF) has released a working paper revealing that artificial intelligence (AI) could boost aggregate labor productivity by as much as 3.8% in the long run.
IITs ban Oracle, others from campus recruitment for 2 years
The Indian Institutes of Technology (IITs) have decided to impose a two-year ban on 22 companies from campus recruitment.
MDR on UPI not influenced by external pressure: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has dismissed allegations that the decision to introduce a 0.4% Merchant Discount Rate (MDR) on select Unified Payments Interface (UPI) transactions was influenced by external pressure.
LIC MD Dinesh Pant retires prematurely after 15 months
The central government has approved the premature retirement of Dinesh Pant as the Managing Director of Life Insurance Corporation of India (LIC).
Nationwide bank strike: SBI waives ATM charges for 3 days
The State Bank of India (SBI) has announced a waiver on ATM charges for three days, from September 28 to 30.
Starbucks shuts 250 stores as turnaround continues
Starbucks has announced its decision to close 250 stores across North America.
India's start-up funding rises to $10.3B, but deal count plunges
India's tech start-ups raised $10.3 billion in funding during the first nine months of 2026, according to Tracxn's India Tech 9M 2026 report.
Ola Electric shares fall 9%: What's behind today's decline?
Ola Electric Mobility's shares have witnessed a sharp decline, falling by as much as 9% to ₹38.75 apiece on the NSE.
Blue Origin raises $10B as Bezos's investment hits $32B
Blue Origin, the aerospace venture founded by Jeff Bezos, has raised $10 billion in a funding round that values the SpaceX rival at $140 billion.
Goldman Sachs picks up stake in FirstCry parent company
Global investment bank Goldman Sachs has acquired a significant stake in Brainbees Solutions Ltd, FirstCry's parent company.
No commitment to 5-day workweek made for banks: Indian government
The Indian government has denied any commitment to a five-day workweek for banks.
Nifty IT index falls for 6th consecutive session
The Nifty IT index fell by 0.6% today, extending its losing streak to six consecutive sessions. The index has lost a total of 4% during this period.
Orient Cables IPO opens with 38% GMP: Apply or avoid?
The ₹552-crore initial public offering (IPO) of Orient Cables has opened for subscription today. The bidding will close on September 29.
India records highest-ever annual FDI inflow of $94.5B
India has achieved its highest-ever annual Foreign Direct Investment (FDI) of $94.53 billion in the fiscal year 2025-26.
Vi makes international roaming free on select plans
Vodafone Idea has launched a new service, offering free international roaming to its postpaid, prepaid, and enterprise customers. The initiative is part of the company's brand promise Vi Pe Sab Hain VIP.
UPI charges: Will 18% GST on MDR fee stay?
The Indian government has confirmed that it will not extend the October 15 deadline for implementing Merchant Discount Rate (MDR) on certain Unified Payments Interface (UPI) transactions.
Anthropic seeks shareholder approval to give founders majority voting control
Anthropic, a leading player in the enterprise AI space, is seeking shareholder approval for a new corporate structure.
Meta's Muse AI launch sends shares soaring 36% in September
Meta Platforms Inc., the parent company of Facebook, has seen a massive surge in its stock value, jumping by a whopping 36% in September.
After IRDAI's revamp proposal, Nithin Kamath warns of regulatory risk
Zerodha co-founder and CEO Nithin Kamath has warned that regulatory risk is the biggest threat to any regulated financial business.
Microsoft President Brad Smith to oversee communications
Microsoft has made a major organizational shift by moving its communications group from the marketing department to the Corporate, External, and Legal Affairs (CELA) organization.
Why US Treasury yields crossing 5% is worrying markets
The recent surge in the 10-year US Treasury yield, which recently crossed the 5% mark, has sparked concerns among investors.
US, China reach new trade agreement
The United States and China have reportedly reached a new trade agreement.
Adani to invest over ₹1 lakh crore in West Bengal
The Adani Group has announced an ambitious plan to invest over ₹1 lakh crore in West Bengal by 2035.
Elizabeth Holmes to leave prison for halfway house in 2027
Elizabeth Holmes, the former CEO of Theranos, has been approved for a transfer to a halfway house next year.
Morgan Stanley's email blunder exposes 100+ potential deals
Morgan Stanley is scrambling to contain the fallout from an email blunder that exposed details of over 100 potential investment-banking deals across Asia.
Reliance to raise ₹10,000cr via bonds
Billionaire Mukesh Ambani's Reliance Industries Limited (RIL) is gearing up for its second major fundraising round.
Amazon to invest $3B in India's fast delivery business
Amazon will invest $3 billion in its fast delivery business in India by 2030. The investment will focus on expanding its network of small neighborhood warehouses, improving delivery efficiency.
HSBC to re-enter India's stock broking business after 13 years
HSBC, the London-headquartered banking giant, is making a comeback in India's stock broking business after 13 years.
IRDAI wants insurers to show prices without personal details
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed major changes in the way insurance is distributed. The aim is to make the process more transparent, competitive, and customer-friendly.
No personal info? You can still view insurance product details
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed a major change in the way insurance companies display their product information.
OpenAI asks court to dismiss xAI lawsuit over Apple partnership
OpenAI, the company behind ChatGPT, has requested a Texas federal judge to dismiss an antitrust lawsuit filed by Elon Musk's AI start-up, xAI.
Sensex falls over 650 points: Factors behind today's market selloff
The Indian stock market witnessed another downturn on Thursday, with the benchmark indices Sensex and Nifty both witnessing sharp declines.