Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
ED cracks down on ₹3.78cr My Club Traders ponzi scam
The Directorate of Enforcement (ED) has provisionally seized properties worth ₹3.78 crore linked to a Ponzi scheme operated by Muhammed Faisal, Abu Sufiyan, and associates.
Gujarat Kidney IPO goes live, set for 7-9% premium listing
Gujarat Kidney and Super Speciality Ltd's initial public offering (IPO) is set to open for subscription on December 22, with its grey market premium (GMP) seeing a marginal rise.
Foreign investors just pumped $650 million into India—here's what's up
India's foreign portfolio flows hit an eight-month high of $650 million, reflecting a global increase in risk appetite, according to Elara Capital.
Cipla, Pfizer India partner to market 4 brands in India
Pharmaceutical giants Pfizer India and Cipla have announced a strategic partnership.
Indian equities trail emerging markets by widest margin in decades
The Indian stock market has witnessed its worst relative performance in nearly three decades, according to a report by global brokerage firm Jefferies.
China takes India to WTO over tech tariffs, solar subsidies
China has lodged a formal complaint with the World Trade Organization(WTO) against India.
Adani Group eyes 1st nuclear power project in Uttar Pradesh
Gautam Adani's conglomerate is negotiating with Uttar Pradesh to construct a commercial nuclear energy project, marking its entry into a sector newly accessible to private firms.
I-T department sends advisory notices to taxpayers: Here's what to do
The Income Tax Department is sending advisory communications to taxpayers, highlighting discrepancies between their ITR disclosures and reported transactions.
Flipkart acquires AI firm Minivet to enhance e-commerce capabilities
Leading e-commerce platform Flipkart has announced the acquisition of a majority stake in Minivet AI, an innovative artificial intelligence (AI) and machine learning (ML) solutions provider.
China takes India to WTO over tech tariffs and solar perks
China has lodged a case against India at the World Trade Organization, contesting its tariffs on information and communications technology products and solar subsidies.
TikTok strikes deal to hand US operations to American investors
TikTok has struck a deal to hand over a major chunk of its US operations to a group of American investors.
Ola Electric shares surge 10% after founder clears ₹260cr loan
Ola Electric's shares surged nearly 10% to ₹34.38 on Friday afternoon, recovering from the previous day's close of ₹31.26.
China races to build its own chips as US tightens tech rules
In response to U.S. export controls, China is rallying its own chip industry, investing heavily in technological self-sufficiency and innovation.
Ather Energy enters auto insurance business, shares jump 4%
Ather Energy, a leading player in the electric two-wheeler segment, is all set to foray into the auto insurance distribution space.
Quadrant Future Tek's stock slips after blockbuster IPO
Despite a nearly 200x overall subscription and almost 250x retail subscription, Quadrant Future Tek's shares are trading below their IPO price.
Alphabet's Waymo seeks $15B funding amid robotaxi race with Tesla
Waymo, a subsidiary of Alphabet, is reportedly in talks to raise over $15 billion in a new funding round expected to complete early next year.
TikTok sets up US company to dodge ban
TikTok has signed a joint venture with investors, including Oracle, Silver Lake and MGX, to continue its U.S. operations and evade a potential ban.
India's trade deficit with China to hit $106B by 2025
India's trade deficit with China is projected to reach a staggering $106 billion by 2025.
China's workaround: Upgrading old machines to make new AI chips
Chinese semiconductor manufacturers are circumventing Western export controls by upgrading older chipmaking machines to boost artificial intelligence chip output.
Ola Electric shares jump 10% after CEO repays big loan
Ola Electric Mobility's shares jumped nearly 10% after founder Bhavish Aggarwal sold a portion of his stake to eliminate all promoter pledges.
Waymo is gearing up for a massive $15B funding round
Alphabet-owned Waymo is reportedly in talks to raise over $15 billion, a move that could significantly reshape the robotaxi market and boost its expansion plans.
Sensex slips 250 points; Nifty below 25,950 after profit booking
The Sensex and Nifty indices experienced a decline from their daily highs due to profit booking, key resistance levels, and global market influences.
India's finance world is buzzing with record $8bn foreign deals in 2025
In 2025, India's financial sector witnessed a significant surge in foreign investments, with deals totaling $8 billion by September.
India's IPO boom to continue in 2026, says Goldman Sachs
India's initial public offering (IPO) market is set for another record-breaking year in 2026.
Zydus brings advanced cancer tests to India
Zydus Lifesciences has partnered with US-based Myriad Genetics to launch diagnostic tests assessing cancer risk in India, aiming to expand access to precision diagnostics.
Brandworks, SandLogic team up for smarter AI devices
Brandworks Technologies and SandLogic Technologies have partnered to co-develop full-stack, edge-AI hardware products in India, aiming to enhance on-device processing capabilities.
Indian households invested ₹4.5Lcr in equities in 2025: NSE
Domestic investors have channelled approximately ₹4.5 lakh crore into equity markets this year, marking a significant shift in household savings towards market-linked assets, as per an NSE report.
Bitcoin dips as crypto market looks for direction
Bitcoin's price fell over 5.5% this week due to factors such as market volatility, US inflation data, and global economic conditions impacting investor sentiment.
Adani is going big: $11 billion bid for 11 new airports
Adani Enterprises is planning to bid for 11 airports as part of its $11 billion expansion strategy, aiming to boost its airport infrastructure portfolio.
IBM wants to skill 5 million Indians in AI and cybersecurity by 2030
IBM plans to train 5 million Indian learners in AI, cybersecurity, and quantum computing by 2030. This initiative aims to create a future-ready workforce.
Delhi HC asks for response on IndiGo's ₹900cr refund plea
Delhi High Court has sought a response from revenue authorities regarding InterGlobe Aviation Ltd's plea for a Rs 900 crore customs duty refund on re-imported aircraft parts.
Indian bonds hold steady as big auction looms
Indian government bonds remained stable in early trading on Friday, as markets anticipate a fresh issuance following the central bank's recent liquidity infusion.
Rupee bounces back to ₹90 after hitting record low
The Indian rupee recovered sharply to 89.96 against the US dollar, buoyed by corporate inflows and a weaker dollar. This rebound follows its recent all-time low of 91.5.
India opens doors to global investors with bold financial reforms
India's recent financial reforms aim to attract foreign capital, with new laws allowing 100% foreign ownership of insurance firms and other sectors.
Indian SaaS startups set for IPO wave in 2025-26
After years of listing overseas, Indian software-as-a-service (SaaS) companies are preparing for a wave of domestic initial public offerings (IPOs).
Sensex, Nifty start strong as global mood lifts markets
The Sensex and Nifty opened higher on Friday, buoyed by lower-than-expected US inflation data and positive global tech sector sentiment.
ICICI Prudential AMC IPO lists at 20% premium
ICICI Prudential Asset Management Company (AMC) made a strong debut on the stock market today, with its shares opening at a 20% premium over the IPO price.
Oil prices dip as Russia-Ukraine peace talks spark hope
Crude oil prices fell on Friday due to increased optimism over a potential peace deal between Russia and Ukraine, easing global supply concerns.
Trump's media company is turning into a nuclear fusion firm
Trump Media & Technology, the parent company of the US President Donald Trump's Truth Social media platform, is set to merge with TAE Technologies, a private firm specializing in nuclear fusion energy.
ICICI Prudential AMC makes a splashy stock market debut
ICICI Prudential Asset Management Company's shares listed at a 20% premium on the stock market following a robust response to its IPO.
Sensex jumps over 500 points; Nifty crosses 25,950
Indian benchmark indices Sensex and Nifty opened higher on December 19, buoyed by softer US inflation data and a strengthening rupee.
Lenskart shares jump after Macquarie's upbeat call
Lenskart Solutions' shares rose by 4% after Macquarie initiated coverage with an Outperform rating and a target price of Rs 530, indicating robust growth potential.
Trump administration reviews NVIDIA's H200 AI chip sales to China
The Trump administration has initiated a review of licenses for Nvidia's H200 AI chips sales to China, marking a shift from Biden-era bans.
Indian stock market starts strong, but Meesho takes a hit
Indian equity indices opened strong on Friday, with BSE Sensex gaining 384.25 points and NSE Nifty rising by 104 points, despite Meesho's 5% slide.
Trump signs law blocking US money from boosting Chinese tech
President Trump has signed a law to monitor and limit US investment in Chinese technology companies, amid national security concerns.
Japan just raised interest rates for the 1st time in decades
The Bank of Japan has unanimously voted to raise short-term interest rates to 0.75%, marking the highest level in three decades.
Lenskart stock jumps as analysts see big growth ahead
Macquarie has initiated coverage on Lenskart Solutions Ltd., assigning an 'Outperform' rating and predicting a 29% upside in its share price.
India's IPO market could hit $25 billion by 2026
Goldman Sachs and JPMorgan anticipate India's record-breaking initial public offering (IPO) boom to extend into 2026, driven by strong investor demand and a robust pipeline.
TCS tries AI-powered cybersecurity after massive JLR hack
Tata Consultancy Services (TCS) is piloting AI-based cybersecurity protocols following a cyberattack on client Jaguar Land Rover (JLR), which resulted in significant losses.
India's IPO scene could hit $25 billion in 2026
Investment bankers predict that India's initial public offering (IPO) proceeds could reach a record $25 billion in 2026, driven by strong investor demand.
Stanbik Agro's IPO: Off to a quiet start on BSE SME
Stanbik Agro, a vegetable seller, is set to list on the BSE SME platform today. The grey market predicts a flat opening close to the IPO price of Rs 30 per share.
Gold and silver prices dip after US inflation surprise
Gold and silver prices fell on Friday due to lower-than-expected U.S. inflation data and a stronger dollar, reducing their appeal as inflation hedges.
Warner Bros. Discovery says no to Paramount's $108B takeover, sticks with Netflix deal
Warner Bros. Discovery (WBD) has rejected Paramount Skydance's $108.4 billion hostile takeover bid, favoring Netflix's merger proposal instead due to its superior terms and value.
Yen hovers near lows as investors eye BOJ's next move
The yen hovers near recent lows as traders await the Bank of Japan's decision on potential interest rate hikes, amidst concerns over Japan's fiscal position.
Bitcoin options expiry: What to expect in the coming days
Bitcoin faces heightened volatility as around $23 billion in options contracts are set to expire, potentially intensifying the already turbulent crypto market.
KSH International IPO draws lukewarm response, misses full subscription
KSH International Ltd's IPO remained undersubscribed, with allotment status available online. The company may extend the issue period due to insufficient subscription.
AI is giving chip startups a real shot against tech giants
Artificial Intelligence (AI) is empowering early-stage semiconductor startups to expedite chip production and compete with tech giants, by reducing design cycles and team sizes.
Meesho's market cap rockets past ₹1 lakh crore in just a week
Meesho, an e-commerce platform, saw its market capitalization surpass ₹1 lakh crore within seven sessions of its listing, closing at ₹234 per share.
ECB keeps interest rates steady again—here's what that means
The European Central Bank (ECB) has held interest rates steady at 2% for the fourth straight meeting, despite global economic pressures and fluctuating inflation rates.
Big update: India plans to overhaul its securities market laws
The Securities Markets Code (SMC) Bill, 2025, introduced in Lok Sabha by Union Finance Minister Nirmala Sitharaman, proposes to expand SEBI's board to fifteen members.
What's up with the new Securities Markets Code Bill?
The newly introduced Securities Markets Code (SMC) Bill aims to strengthen the market regulator Sebi by expanding its powers and board size.
India sets big goals for homegrown defense production by 2029
India's Ministry of Defence is working towards a defence production target of Rs 3 lakh crore by 2029, with significant contributions expected from MSMEs.
X India profits nosedive 53% in FY25 despite steady revenue
Elon Musk's X Communications India Pvt Ltd (XCIPL), previously Twitter India, experienced a significant profit decrease in FY25 despite stable revenues.
Instacart hit with $60 million bill for misleading users, says FTC
Instacart has agreed to a $60 million settlement over allegations of deceiving consumers about its free delivery offers and Instacart+ membership.
Spotify India flips to profit with ₹75cr gain in FY25
Spotify's Indian unit reported a net profit of Rs 75 crore in FY25, driven by strong revenue growth and reduced advertising expenses.
Micron: Memory shortages to persist beyond 2026, keeping DDR5 prices elevated
Micron, a leading memory supplier, anticipates a sustained global RAM supply shortage beyond 2026 due to increasing AI-driven demand.
India-Oman FTA signed: What's in the deal?
India has signed a Free Trade Agreement (FTA) with Oman, further strengthening its trade and strategic ties with the Gulf region.
India's competition regulator mulls probe into IndiGo over flight disruptions
The Competition Commission of India (CCI) is considering launching an investigation into IndiGo, following complaints over recent flight disruptions.
Haldiram's enters another partnership to boost market presence
L Catterton, a leading global consumer-focused investment firm, has announced a strategic partnership with Haldiram's.
Platinum prices hit 18-year high: What's behind the surge?
As gold and silver continue to dominate headlines with their skyrocketing prices, platinum has quietly reached an 18-year high.
IndiGo restores 2,200-flight network, CEO says 'worst is behind us'
IndiGo's CEO Pieter Elbers has announced that the airline has emerged stronger from a challenging phase.
RBI reportedly spent $30B in 4 months to stabilize rupee
The Reserve Bank of India (RBI) has reportedly spent around $30 billion to stabilize the Indian rupee (INR) over the last four months, according to a report by SBI Research.
Why India's new labor codes could lower your take-home pay
India's recently implemented labor codes, aimed at simplifying and modernizing 29 existing laws, include changes to salary structures.
OpenAI seeks funding at $750B valuation
OpenAI, the artificial intelligence (AI) company behind ChatGPT, is in early-stage talks with investors to raise tens of billions of dollars at a whopping $750 billion valuation, according to The Information.
Mystery 'Company C' bid $25B to buy Warner Bros. Discovery
Warner Bros. Discovery has revealed that a fourth company, referred to as Company C, submitted a bid to acquire it in November in addition to Netflix, Paramount Skydance, and an unnamed Company A.
Sitharaman introduces Securities Markets Code Bill to unify market laws
Finance Minister Nirmala Sitharaman has introduced the Securities Markets Code Bill, 2025 in Lok Sabha.
Sony and Tencent settle lawsuit over Horizon series clone
Sony and Tencent have settled their legal dispute over the alleged cloning of Sony's popular Horizon series.
SEBI introduces new rules for mutual funds, stock brokers
The Securities and Exchange Board of India (SEBI) has approved a major overhaul of regulations governing mutual funds and stock brokers.
Meesho shares double from IPO price: What's driving the surge?
Meesho, the Indian e-commerce platform, has seen its shares surge by 8% to a record high of ₹233 on Thursday.
Home services start-up Pronto in talks to raise $25M
Pronto, a start-up that offers quick home services, is reportedly in talks to raise around $25 million in its latest funding round.
Phytochem Remedies IPO opens today, aims to raise ₹38cr
Phytochem Remedies (India) Ltd has announced its initial public offering (IPO), which opens for subscription today.
Parliament clears bill for 100% foreign investment in insurance sector
The Rajya Sabha has approved the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025.
Coursera to acquire Udemy in $2.5B deal
Online education platform Coursera has announced its plan to acquire rival company Udemy in an all-stock deal valued at $2.5 billion.
PFRDA allows 80% withdrawal from NPS: Here's how to avail
The Pension Fund Regulatory and Development Authority (PFRDA) has made a major change to the National Pension System (NPS), allowing non-government subscribers to withdraw up to 80% of their accumulated corpus. Earlier, the limit was set at 60%.
How this Indian AI stock gained 55,000% in 20 months
RRP Semiconductor Ltd., a little-known Indian company, has become the world's best-performing stock with an astronomical surge of over 55,000% in just 20 months.
Paytm gets RBI nod for offline, cross-border payment aggregation
Paytm Payments Services Limited (PPSL), a subsidiary of One 97 Communications Limited, has received authorization from the Reserve Bank of India (RBI) to act as a payment aggregator for offline payments and cross-border transactions.
Amazon Now delivers your groceries in Gurugram in 10 minutes
Amazon India has extended its ultra-fast delivery service, Amazon Now, to Gurugram.
Why Ford scrapped a $6.5B battery deal with LG Energy
Ford has scrapped a 9.6 trillion won ($6.5 billion) battery deal with South Korea's LG Energy Solution, the latter announced in a regulatory filing in Seoul.
Google Pay launches its 1st-ever credit card in India
Google Pay has launched its first credit card offering in India, in partnership with Axis Bank.
Amazon Pay now allows biometric authentication for UPI payments
Amazon Pay has launched a new feature, UPI Biometric Authentication, to make digital payments more convenient and secure.
HDFC Bank reduces FD interest rates : Check affected schemes
HDFC Bank has revised the interest rates on fixed deposits (FDs) of up to ₹3 crore. The change came into effect from today.
Zomato's Deepinder Goyal crowned India's top self-made entrepreneur
Deepinder Goyal, the CEO of Eternal (formerly Zomato), has topped the IDFC FIRST Private & Hurun India's Top 200 Self-made Entrepreneurs of the Millennia 2025.
Silver prices hit record high of ₹2.06L/kg: What's driving surge?
Silver prices have hit an all-time high of ₹2,06,111 per kilogram on the Multi Commodity Exchange (MCX) today.
Amazon to lay off 370 employees at Europe headquarters
Amazon is preparing to lay off 370 employees at its European headquarters in Luxembourg. The move comes as part of a larger global job cut plan announced earlier this year.
Shocker! This company doesn't offer casual, sick leaves anymore
A company has come under fire after an employee claimed that the management has scrapped casual and sick leave entitlements.
Why Blinkit has been fined ₹5L in Noida
The Noida Authority has slapped a ₹5 lakh fine on a cloud kitchen run by Blink Commerce Pvt Ltd, the parent company of popular quick-commerce platform Blinkit.
Why Bhavish Aggarwal sold his stake in Ola Electric
Ola Electric Mobility Ltd's shares have plummeted by nearly 60% in 2025.
How much does gold worth ₹100 in 1985 cost now?
Gold prices have seen a significant rise lately, thanks to strong global cues.
Oil crashes to lowest level since 2021: What's the reason?
Crude oil prices have witnessed a major slump, falling below $55 per barrel for the first time since early 2021.
India, Oman to sign free trade agreement tomorrow: Key expectations
India and Oman are all set to sign a landmark free trade agreement (FTA) on Thursday in Muscat.
Musk's X countersues a start-up claiming 'Twitter' trademark
Elon Musk's social media platform X has updated its terms of service to reaffirm its ownership of the "Twitter" trademark.
Why Trump administration is threatening retaliation against Accenture, Spotify
The United States has threatened to retaliate against the European Union (EU) over its plans to tax American tech companies.
Indian rupee registers biggest single-day gain in 7 months
The Indian rupee made a strong comeback today after the Reserve Bank of India (RBI) stepped in to stabilize it.
Chinese chipmaker surges 755% on IPO debut amid AI frenzy
MetaX Integrated Circuits Shanghai Co., a Chinese chipmaker, saw its shares skyrocket by an incredible 755% on its trading debut today.
Amazon discussing $10B investment in OpenAI at $500B valuation
Amazon is reportedly in talks to invest around $10 billion in OpenAI, the company behind ChatGPT.
Silver hits historic high amid disappointing US unemployment data
Silver has hit a new high, crossing the $65 mark per ounce for the first time ever. The surge is attributed to weaker US labor data, which has raised expectations of interest rate cuts.
TCS bags $1B contract from UK's Telefonica, shares jump
Tata Consultancy Services (TCS) has bagged a long-term contract worth over $1 billion from Telefonica UK. This is the first major deal for India's top IT services company in nearly two years.
Meesho shares up 86% since IPO: Sell or hold?
Meesho's stock price surged by nearly 14% to hit an intraday high of ₹207.67 on Wednesday.
Databricks secures $4B funding at $134B valuation amid AI boom
Databricks, a leading data intelligence firm, has raised over $4 billion in a Series L funding round.
Why IndiGo plans to speed up its pilot training
IndiGo has decided to expedite its pilot training program.
Crude oil prices dip below $60: Here we decode why
Crude oil prices have continued their downward trend, falling below the $60 per barrel mark.
FanCode to stream Formula 1 races in India till 2028
FanCode, India's leading digital sports streaming platform, has renewed its broadcast partnership with Formula 1.
NASDAQ will soon allow share trading round the clock
The tech-heavy NASDAQ exchange, home to major companies like NVIDIA and Apple, is gearing up to introduce 24-hour trading.