Loading...

Business News

No jargons, no mumbo-jumbo. Read the unadulterated Business news here.

01 Aug 2026
TL;DR

Microsoft expands insider trading policy to cover Kalshi and Polymarket

Microsoft has revised its Insider Trading Policy to prohibit employees from using confidential information on prediction markets, aligning with regulatory scrutiny.

01 Aug 2026
TL;DR

Donald Trump's Truth Social starts paid API for Wall Street

Truth Social will offer traders faster access to Donald Trump's posts for a fee, raising concerns about insider trading and the monetization of market-moving information.

01 Aug 2026
TL;DR

Indian startups raised $662 million in July across 85 deals

Indian startups raised $662 million across 85 deals in July, marking a sharp 67% decline from June's $2 billion spike driven by Meta's investment in CRED.

01 Aug 2026
TL;DR

Muthoot Finance to make Alexander George MD pending shareholder approval

Muthoot Finance has appointed Alexander George as Managing Director, George Alexander Muthoot as Executive Vice Chairman, and elevated K.R. Bijimon to Chief Executive Officer.

01 Aug 2026
TL;DR

Karnataka Bank crosses ₹2L/cr mark and vows steady growth

Karnataka Bank announced surpassing the ₹2 lakh crore total business mark as of July 31, 2026, driven by robust growth in gross advances and aggregate deposits.

01 Aug 2026
TL;DR

IOC sourcing 84% crude from spot market amid US-Iran war

Indian Oil Corporation (IOC) has increased spot crude purchases to 84% from 50%, responding to Middle East supply disruptions caused by the US-Iran conflict.

01 Aug 2026
TL;DR

CBI registers 1,816.22cr fraud case against Reliance Capital, Anil Ambani

The CBI has registered a case against Reliance Capital Limited and its former chairman Anil D. Ambani for alleged fraud involving EPFO investments worth ₹1,816.22 crore.

01 Aug 2026
Bhutan

UPI hits record 23.6B transactions in July

India's Unified Payments Interface (UPI) has hit a new record, processing 23.66 billion transactions worth ₹29.88 lakh crore in July 2026.

01 Aug 2026
TL;DR

SEBI bars Zee fundraising 2 months after Hyderabad loan probe

Zee Entertainment's ₹3,144 crore warrant issue, approved by shareholders, faces uncertainty as SEBI's market ban restricts the company and promoters from dealing in securities.

01 Aug 2026
TL;DR

Sundaram Home Finance raises FDs to 7.25%, 7.40% and 7.75%

Sundaram Home Finance has raised interest rates on 3, 4, and 5-year fixed deposits by 0.25%, effective August 1, benefiting regular investors, senior citizens, and trusts alike.

01 Aug 2026
TL;DR

Coal India posts July output 50.4 MT and offtake +17.4%

Coal India Limited reported an 8.4% rise in July 2026 coal production to 50.4 million tonnes, while offtake surged 17.4% year-on-year to 63.7 million tonnes.

01 Aug 2026
TL;DR

Central government releases extra ₹1,09,019 cr to boost state projects

The Union government released an additional Rs 1,09,019 crore tax devolution to states on August 1, 2026, aiming to enhance state finances and accelerate developmental spending.

01 Aug 2026
Adar Poonawalla

Patanjali ventures into insurance market

Baba Ramdev's Patanjali Ayurved is all set to enter the insurance sector. The Insurance Regulatory and Development Authority of India (IRDAI) has approved the company's acquisition of Magma General Insurance.

01 Aug 2026
TL;DR

Goldman Sachs: Neocloud providers and governments accelerate AI infrastructure

Goldman Sachs reports growing AI infrastructure investment, driven by enterprise adoption, sovereign initiatives, and neocloud provider support in global markets.

01 Aug 2026
TL;DR

Air India restores daily New Delhi Toronto flights with 787-9

Air India has reinstated 10 weekly flights between Toronto and New Delhi, deploying new Boeing B787-9 aircraft to enhance passenger experience and expand connectivity.

01 Aug 2026
Amazon

Amazon completes $50B investment in OpenAI

Amazon has finalized its $50 billion investment in OpenAI, the company behind ChatGPT.

01 Aug 2026
TL;DR

Dhaval Packaging IPO opens July 30 to raise ₹36.36cr

Dhaval Packaging Limited will open its Rs. 36.36 crore initial public offering on July 30, aiming to fund capacity expansion, loan repayment, and general corporate purposes.

01 Aug 2026
TL;DR

Forcas Studio launches FTX on Flipkart minutes in 20 minutes

Forcas Studio launches its FTX brand on Flipkart Minutes, offering 20-minute delivery to enhance customer convenience and expand its digital retail presence.

01 Aug 2026
TL;DR

Alphabet and Meta see cash flow hit from AI spending

Chris Wood cautions that Big Tech's aggressive AI infrastructure spending may erode billions, as markets grow skeptical of unrestrained capital expenditure without clear returns.

01 Aug 2026
TL;DR

India proposes institutional ties with Rwanda on tin tungsten tantalum

India aims to strengthen ties with Rwanda on critical minerals, including tin and tantalum, during the inaugural India-Rwanda Joint Trade Committee meeting held in New Delhi.

01 Aug 2026
TL;DR

Maruti Suzuki Q1FY27 revenue up 36% nearly ₹50,000Cr, profit falls

Maruti Suzuki India achieved a 36% year-on-year sales growth in Q1 FY27, driven by higher vehicle volumes, improved product mix, and expanded capacity at its Kharkhoda plant.

01 Aug 2026
TL;DR

FSSAI suspends Switz Foods license after inspection found hygiene breaches

FSSAI has suspended Switz Foods' license due to serious food safety violations, including unhygienic manufacturing conditions and improper segregation of raw and finished products.

01 Aug 2026
India

Union Cabinet approves ₹84,084cr 'Samudra Manthan' scheme: What is it?

The Union Cabinet has approved an allocation of ₹84,084 crore for the 'Samudra Manthan' scheme.

01 Aug 2026
Taiwan

Taiwan's economy surges by around 13% thanks to AI demand

Taiwan's economy has witnessed an unexpected growth surge in the second quarter, largely driven by the skyrocketing demand for artificial intelligence (AI) technology.

01 Aug 2026
GST

India's GST collections hit 14-month high, touch ₹2.1L crore

India's Goods and Services Tax (GST) collections have hit a 14-month high, crossing the ₹2 lakh crore mark for the second time in the current fiscal year.

01 Aug 2026
TL;DR

Income Tax Department: over 5.9cr ITRs filed for AY 2026-27

Over 5.9 crore income tax returns (ITRs) were filed for Assessment Year 2026-27 by July 31, the deadline for non-audited assessees to file without penalty or interest.

01 Aug 2026
TL;DR

Divi's Laboratories Q1 FY27 profit ₹902cr, revenue ₹3,080cr beat estimates

Divi’s Laboratories reported a 66% year-on-year surge in Q1 FY27 net profit to ₹902 crore, with revenue rising 28% to ₹3,080 crore, surpassing market expectations.

01 Aug 2026
TL;DR

India GST net collections rise 9.2% to ₹7.21L/cr for April-June

India's GST collections surged 9.2% to Rs 7.21 lakh crore, driven by strong import-led revenues and steady domestic activity, signaling a robust recovery in tax realisation trends.

01 Aug 2026
TL;DR

Taiwan posts 12.9% Q2 2026 growth as AI demand rises

Taiwan's economy grew 12.9% in Q2, driven by soaring global demand for AI technologies and semiconductor exports, surpassing analysts' forecasts of 10.5%, government data revealed.

Your domestic flights in India are about to become costlier

The Indian Oil Corporation Limited (IOCL) has announced a hike in the price of aviation turbine fuel (ATF) supplied to domestic airlines.

01 Aug 2026
TL;DR

Indian banks collect $36.7B via RBI FCNR scheme since June

Non-resident Indians have invested $36.7 billion in Indian banks through FCNR deposits under a new RBI scheme, offering attractive returns and aiming to bolster the rupee.

01 Aug 2026
TL;DR

India's July GST collections at 2.11L/cr up 15.4% net 1.81L/cr

India's gross GST collections soared 15.4% year-on-year to Rs 2.11 lakh crore in July 2026, driven by robust domestic performance and a sharp 28.8% rise in import tax revenues.

01 Aug 2026
Stock Market

Market timings change from August 3: Everything you should know

In a major overhaul, the Securities and Exchange Board of India (SEBI) and National Stock Exchange (NSE) will introduce a new Closing Auction Session (CAS) from August 3.

01 Aug 2026
Paramount Pictures

Paramount pushes for early trial in Warner Bros merger case

Paramount Skydance has requested a judge to set the antitrust trial for its planned merger with Warner Bros. Discovery in November.

01 Aug 2026
TL;DR

Dr. Reddy's Laboratories wins US FDA approval for rituximab biosimilar

Dr Reddy’s Laboratories has received US FDA approval for its rituximab biosimilar, with Fresenius Kabi set to exclusively commercialise the product in the US market.

01 Aug 2026
TL;DR

Tankers resume transfers through Strait of Hormuz easing fuel fears

The crucial oil-shuttling trade through the Strait of Hormuz has resumed after a brief lull, aiding global supply amid escalating Middle East tensions.

01 Aug 2026
TL;DR

UPI records 23.66 billion transactions in July worth ₹29.88L/cr

Unified Payments Interface (UPI) achieved a record 23.66 billion transactions worth Rs 29.88 lakh crore in July 2026, surpassing May's previous high of 23.20 billion transactions.

01 Aug 2026
TL;DR

South Korea exports hit $98.89B as AI demand surges

South Korea's exports soared 62.8% in July, surpassing forecasts, driven by robust global demand for semiconductors and computers amid rising AI investments.

01 Aug 2026
SpiceJet

Why SpiceJet is paying salaries to employee in phases

SpiceJet, a domestic airline, is facing financial challenges.

01 Aug 2026
Indian Government

LPG price cut: Commercial cylinders now cheaper by over ₹200

The Indian government has slashed the prices of 19kg commercial LPG cylinders by over ₹200 in Delhi and Kolkata.

01 Aug 2026
TL;DR

Apple tumbles nearly 10% after forecast miss, $500B wiped

Apple's shares plunged nearly 10% after a weak forecast revealed component shortages, threatening its market dominance and paving the way for Nvidia to reclaim the top spot.

01 Aug 2026
TL;DR

SEBI, NSE launch CAS to replace VWAP for F&O stocks

India's equity markets will undergo a major shift starting Monday, August 3, as SEBI and NSE introduce new closing auction sessions for F&O stocks, altering market closing times.

01 Aug 2026
TL;DR

Elon Musk loses over $600 billion since June 16 peak

Elon Musk’s net worth has dropped to $684 billion, down over $600 billion since SpaceX shares tumbled 46% following their June 16 peak.

01 Aug 2026
TL;DR

Edelweiss Mutual Fund launches India's 1st REIT index fund

India is set to launch its first REIT index fund in August 2026, offering investors diversified exposure to listed REITs and real estate stocks.

01 Aug 2026
TL;DR

FIFA scraps $4.2 billion sale of 20% commercial stake

FIFA has scrapped its $4.2-billion proposal to sell a minority stake in its commercial operations after facing global backlash from football federations and internal dissent.

01 Aug 2026
TL;DR

AI data center boom makes electricians among best paid trades

Google, Meta, and other tech companies are investing heavily in training skilled workers to build data centers, driving wages in construction trades to unprecedented levels.

01 Aug 2026
TL;DR

Tax filers face up to ₹5,000 penalty as RBI meets

Key updates include the August 31 ITR deadline, RBI MPC meeting outcomes, revised banking charges, Tatkal booking changes, and Axis Bank credit card updates.

01 Aug 2026
TL;DR

Hindustan Unilever hikes detergents and dishwashing prices as costs climb

Indian companies, including Hindustan Unilever, are set to implement measured price increases across various products as rising commodity costs and inflationary pressures persist.

01 Aug 2026
TL;DR

Optimystix Entertainment opens 1st-ever IPO on August 7 seeking ₹107.88cr

Optimystix Entertainment India will launch its Rs 107.88 crore IPO on August 7, 2026, featuring a fresh issue of shares and an offer-for-sale by promoter Vipul D Shah.

01 Aug 2026
TL;DR

India's government recommendations on chip categories due in 2 weeks

The government will unveil recommendations for strategic semiconductor chips within two weeks, following the release of ISM 2.0 guidelines, says ISM CEO Amitesh Kumar Sinha.

01 Aug 2026
TL;DR

Tata Electronics and ASML discuss making chip parts in India

Tata Electronics and ASML are in early discussions to localize manufacturing of components for advanced chipmaking equipment, potentially boosting India's semiconductor ecosystem.

01 Aug 2026
TL;DR

Donald Trump appeals July 2026 $10 billion lawsuit ruling

President Trump is appealing Judge Kathleen Williams' decision to continue probing his $10 billion IRS lawsuit, which she claims was used to legitimize a controversial settlement.

01 Aug 2026
TL;DR

US dollar slides 1.3% after Kevin Warsh warns on inflation

The dollar fell 1.3% this week, its steepest drop since April, as concerns over the Federal Reserve’s commitment to tackling inflation weighed on investor sentiment.

01 Aug 2026
TL;DR

Hedge funds make biggest bullish WTI bets since March

Hedge funds increased bullish bets on US oil by 21,402 contracts, the fastest rise since March, driven by global supply disruptions from Iran to the Red and Black Seas.

01 Aug 2026
TL;DR

Clement Delangue seeks $100 million compute from OpenAI after hack

Hugging Face CEO Clement Delangue revealed the company prefers collaboration over legal action after a rogue AI attack, requesting $100 million in compute from OpenAI instead.

01 Aug 2026
TL;DR

Punjab National Bank raises $1 billion under RBI special swap

Punjab National Bank is securing a $1 billion five-year dollar loan, underwritten by Mashreq Bank and CTBC, to leverage RBI's special swap facility for FCNR (B) deposits.

01 Aug 2026
TL;DR

Indian firms ramp up hiring of agentic and forward-deployed engineers

India Inc is prioritizing engineers skilled in applying AI to solve customer problems and enhance workflows, with demand for roles like agentic AI engineers surging by 260%.

31 Jul 2026
Maruti Suzuki

Maruti Suzuki's Q1 results: Net profit dips 11% to ₹3,352cr

Maruti Suzuki India Limited has reported an 11% decline in its net profit for the first quarter of FY27.

You can soon pay via UPI in Maldives

The Unified Payments Interface (UPI) has expanded its international footprint with the addition of the Maldives as its 10th market.

31 Jul 2026
India

India's fiscal deficit in Q1 FY27 surges to ₹3.1L crore

India's fiscal deficit widened to ₹3.1 lakh crore in the first quarter of FY27, according to data released by the Controller General of Accounts (CGA) today.

31 Jul 2026
Indian Government

Faster internet for specialized services might soon be available

The Indian government is considering a review of its net neutrality framework to allow telecom operators to offer differentiated internet connectivity and speeds, as per Economic Times.

Centre extends PM-KISAN for 5 years with ₹3.15L crore outlay

The Union Cabinet has approved the extension of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme by five years, until the fiscal year 2030-31. The total outlay for this extended period is ₹3,15,614 crore.

31 Jul 2026
Swiggy

Why Swiggy shares fell despite better Q1 results

Swiggy's shares fell over 5% in intraday trading on the BSE today, a day after the company announced its June quarter (Q1FY27) results.

31 Jul 2026
India

India's Q1 crude oil import bill hits record $50B

India's crude oil import bill for the first quarter of FY27 has hit a record high, nearing $50 billion.

31 Jul 2026
Amazon

Why Amazon and Flipkart are slashing seller fees

Amazon and Flipkart are slashing or waiving commissions on a wide range of products. The move is aimed at expanding their footprint in India's smaller cities and towns, where online shopping is booming.

31 Jul 2026
Reserve Bank Of India (RBI)

RBI lets banks offer differential rates on bulk deposits

The Reserve Bank of India (RBI) has permitted banks to offer different interest rates on bulk deposits, depending on their specific run-off rates under the liquidity coverage ratio (LCR) framework.

31 Jul 2026
Indian Railways

Key financial rules changing from August 1

August will bring a series of changes that could affect your everyday life, including banking rules, tax regulations, and travel procedures.

31 Jul 2026
IndiGo

Why IndiGo won't order new aircraft before 2030

IndiGo, India's largest airline, will delay its next aircraft order till 2030.

31 Jul 2026
United Kingdom

Shocker! BP is selling its North Sea oil, gas business

UK oil and gas giant BP has announced the sale of its North Sea business, marking the end of over 60 years of production in the region.

31 Jul 2026
Flipkart

Flipkart Plus members now get Netflix's mobile plan for free

E-commerce giant Flipkart has teamed up with streaming service Netflix to offer a free monthly Netflix Mobile Plan.

31 Jul 2026
Income Tax Return

ITR deadline today: Last-minute checklist for taxpayers

The deadline for filing Income Tax Returns (ITR) is today. Taxpayers are advised to double-check certain details before hitting the 'Submit' button.

31 Jul 2026
HSBC Bank

HSBC to stop retail banking services in Australia next year

HSBC, the London-based multinational bank and financial services holding company, has announced its exit from the Australian retail banking sector.

31 Jul 2026
Air India

After IndiGo, Air India joins electric aircraft business

Air India has marked its entry into India's nascent electric vertical take-off and landing (eVTOL) aviation sector.

31 Jul 2026
Bajaj Finserv

Bajaj Finserv Q1 results: Net profit rises 12% to ₹3,132cr

Bajaj Finserv has reported a consolidated net profit of ₹3,132 crore for the first quarter of FY27.

31 Jul 2026
iPhone

Apple posts record June quarter revenue of nearly $110B

Apple has reported a record revenue for the June quarter, driven by robust iPhone and Mac sales.

31 Jul 2026
Microsoft

Microsoft's $450B one-day surge sets Wall Street record

Microsoft has witnessed a massive surge in its stock price, with shares jumping over 15% on Thursday. The jump has added nearly $450 billion to the company's market capitalization.

31 Jul 2026
China

China's factory activity shrinks for first time in 5 months

China's factory activity has seen an unexpected contraction in July, the first such decline since February.

31 Jul 2026
Egypt

Gold heads for first monthly gain in 5 months

Gold prices fell slightly on Friday, but are still headed for their first monthly gain in five months.

31 Jul 2026
China

Tesla considers separating China business amid SpaceX merger talks: Report

Tesla is considering the separation of its China business in light of a possible merger with SpaceX, The Wall Street Journal reported.

31 Jul 2026
Amazon

KOSPI rockets 17% as Samsung, SK Hynix lead rebound

South Korea's benchmark KOSPI index staged a remarkable recovery on Friday, soaring 17% to recover most of the losses incurred earlier this week.

30 Jul 2026
Zepto

Zepto pauses listing plans, seeks over ₹1,000cr in pre-IPO funding

Zepto, a leading player in the quick commerce industry, has decided to put its initial public offering (IPO) plans on hold, as per Moneycontrol.

30 Jul 2026
Larsen & Toubro

L&T to create in-house ecosystem for making EV components

Larsen & Toubro Electronic Products & Systems (LTEPS) has announced its plan to provide an entire ecosystem of mobility solutions in-house.

30 Jul 2026
Reserve Bank Of India (RBI)

Why RBI sold $7B last Friday

The Reserve Bank of India (RBI) sold around $7 billion last Friday in a bid to defend the Indian rupee.

30 Jul 2026
Income Tax Return

ITR filing deadline tomorrow: What happens if you miss it

The deadline for filing Income Tax Returns (ITR) for the Assessment Year (AY) 2026-27 is tomorrow.

30 Jul 2026
Mahindra & Mahindra

Mahindra's Q1 results: Net profit rises 6.8% to ₹3,685cr

Mahindra & Mahindra, a leading Indian automaker, has reported a 6.8% rise in its standalone profit after tax for the quarter ending June 30.

30 Jul 2026
Flipkart

Flipkart now lets you pay for products within 30 days

Flipkart has launched a new credit service called "Flipkart Pay Later," in partnership with PayU Finance.

30 Jul 2026
PhonePe

PhonePe introduces PulsePro, an intelligence platform for businesses

PhonePe has launched a new enterprise intelligence platform called PulsePro.

30 Jul 2026
India

India's gold demand down 6% in Q2: What's the reason?

India's gold demand fell by 6% to 131 tons in the June quarter (Q2), according to a report by the World Gold Council.

30 Jul 2026
X

X settles 2-year legal battle with global advertising body

Elon Musk's social media platform, X, has settled a long-standing legal dispute with the World Federation of Advertisers (WFA).

30 Jul 2026
Mark Zuckerberg

Meta shares tank 11% as AI spending spree rattles investors

Meta, the parent company of Facebook, WhatsApp, and Instagram, has witnessed a major dip in its stock prices.

30 Jul 2026
Microsoft

Microsoft revenue hits $90B as AI fuels record quarter

Microsoft's shares rose by 8% in after-hours trading on Wednesday, following the company's announcement of a strong fiscal fourth-quarter revenue and steady 2026 capital expenditure plans.

30 Jul 2026
Samsung Electronics

Samsung's profit explodes over 1,800% on AI chip demand

Samsung Electronics has reported a record-breaking quarterly operating profit for the second quarter of 2026.

30 Jul 2026
Google Pay (Gpay)

Google Pay's new credit card is here: Check fee, benefits

SBI Card and Google Pay have teamed up to launch a new co-branded credit card.

30 Jul 2026
Bombay Stock Exchange (BSE)

Indo-MIM shares list at 45% premium over IPO price

Indo-MIM, a leading manufacturer of precision engineering components, has made a strong debut on the stock market.

30 Jul 2026
Iran

Oil prices fall below $90

Oil prices have witnessed a slight decline as tankers continue to operate in West Asia, despite rising tensions.

30 Jul 2026
Federal Reserve

Federal Reserve holds rates as 3 policymakers vote for hike

The US Federal Reserve has voted to keep its key interest rate unchanged, amid concerns over persistent inflation.

30 Jul 2026
Boeing

Air Force One delays push Boeing's losses past $3B

Boeing has announced a massive financial blow in the form of an additional $280 million loss related to its long-delayed Air Force One project.

29 Jul 2026
Hong Kong

Moonshot AI hits $35B valuation after Kimi K3 breakthrough

Chinese artificial intelligence (AI) start-up Moonshot AI has achieved a whopping $35 billion valuation, following a successful funding round that raised $3.5 billion.

29 Jul 2026
Bengaluru

Why Bengaluru restaurants are threatening to quit Swiggy and Zomato

Bengaluru's hotel and restaurant associations have threatened to stop accepting orders through leading food delivery platforms, Swiggy and Zomato.

29 Jul 2026
Zerodha

New market closing rules could dent Zerodha revenue: Nithin Kamath

Nithin Kamath, the co-founder and CEO of Zerodha, has warned that a major change in India's equity market structure could impact the brokerage firm's revenue.

29 Jul 2026
Gautam Adani

Adani Enterprises posts ₹1,160cr loss in Q1

Adani Enterprises, billionaire Gautam Adani's flagship firm, has reported a consolidated net loss of ₹1,160 crore for the June quarter, as against a net profit of ₹885 crore in the same period last year.