Business News
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Bihar signs ₹51,600cr investment deals to boost industry and jobs
Bihar inked investment agreements spanning steel, nuclear energy, and textiles. The Rs 22,500-crore nuclear energy project by GRACE Pvt Ltd marks the largest proposal.
Karnataka wants Anthropic's help to prevent fraud in government systems
Karnataka Chief Minister D K Shivakumar met a delegation from AI start-up Anthropic today.
Aegeus Technologies IPO oversubscribed 24.33 times amid retail demand
Bengaluru-based Aegeus Technologies' Rs 23.71-crore SME IPO was oversubscribed 24.33 times on August 6, with shares set to list on the BSE SME platform on August 11.
Samvardhana Motherson FY27 Q1 profit doubles as revenue hits record
Samvardhana Motherson International reported a 101.64% YoY surge in Q1 net profit to Rs 1,032.05 crore, with revenue rising 16.65% to a record Rs 35,243.77 crore.
SEBI plans master circular consolidating clearing corporation rules, invites comments
Sebi plans to streamline regulations by introducing a distinct Master Circular for clearing corporations, aiming to unify standards and simplify compliance frameworks.
SEBI seeks to let REITs, InvITs invest in under-construction assets
Sebi proposes allowing REITs and InvITs to invest minority stakes in third-party under-construction projects, aiming to build long-term revenue-generating asset pipelines.
Former Spotify employees raise $10 million for Malachyte 2-headed vector AI
Former Spotify engineers behind its recommendation engine have launched Malachyte, raising $10M to bring real-time, intent-aware AI personalization to e-commerce platforms.
AI startup Mirendil lands over $100 million Google Cloud partnership
AI lab Mirendil has partnered with Google Cloud in a $100M+ multi-year deal to access advanced compute infrastructure for scaling its groundbreaking self-improving AI research.
Akasa Air secures ₹740cr ECLGS loan from IndusInd Bank
Akasa Air has obtained a ₹740 crore working capital loan from IndusInd Bank under the government-backed ECLGS, aiming to bolster liquidity and support business operations.
Microsoft opens largest India South Central data center in Hyderabad
Microsoft has launched its largest India data centre in Hyderabad, expanding to four regions, as it competes with Alphabet and Amazon to dominate India's booming AI market.
Alphabet seeks up to $25 billion in US bond sale
Alphabet aims to raise up to $25 billion through a 10-part U.S. bond offering, Bloomberg reports, as the tech giant ramps up spending on AI infrastructure amidst investor concerns.
Indian rice exports $358-$364 per ton amid El Nino concerns
Indian rice export prices remain at a 10-month high, driven by rising domestic paddy costs and supply concerns linked to El Nino's potential impact on production.
Amazon Great Freedom Sale Aug 7: up to 65% off
Amazon's Great Freedom Sale 2026 promises up to 65% off on home appliances, with additional bank discounts and exclusive offers for HDFC Bank cardholders.
Manager credits Claude chatbot for developer's 100% raise to ₹40L
A software developer claimed he received a 100% salary hike to Rs 40 LPA for AI work, shortly after his company laid off nearly 40 employees in one day.
IIM Tiruchi signs MoU with TradingView for hands-on market tools
IIM-T signed an MoU with TradingView to enhance experiential learning, enabling students to analyze financial markets using advanced charting and market-analysis tools.
India's SEBI clears 146 IPOs while 65 more await approval
India's IPO market is buzzing with activity as 146 companies, including Jio Platforms, NSE, PhonePe, and Zepto, secure SEBI approval to launch their public issues soon.
RailTel targets 20-25% 2026-27 revenue growth after Q1 surge
RailTel Corporation of India projects a robust 20-25% revenue growth for FY27, driven by a 40-50% annual increase in project business and steady telecom expansion.
LIC posts 22.8% profit to ₹13,492 cr, premium up 6.8%
LIC reported a 22.8% YoY rise in net profit to ₹13,492 crore for Q1FY27, while its Value of New Business (VNB) surged 61.3% to ₹3,136 crore.
Mumbai tops India's data center cities with 774 MW capacity
India's data centre industry is rapidly expanding, with Mumbai leading as the largest hub, boasting 774 MW operational IT capacity and a 5 GW development pipeline.
SoftBank posts $2.2B profit in June quarter, beats estimates
SoftBank has posted a net profit of ¥347.3 billion ($2.2 billion) for the June quarter, beating analysts' expectations of ¥120.23 billion, according to LSEG estimates.
UK clears Paramount Skydance $110 billion Warner Bros Discovery takeover
Britain approved Paramount Skydance's $110 billion Warner Bros Discovery acquisition after securing programming and news assurances, avoiding lengthy UK reviews.
Lok Sabha passes bill allowing fees on UPI, other e-payments
Lok Sabha passed a Bill amending the Payment and Settlement Systems Act, 2007, enabling the government to permit banks and service providers to levy charges on UPI transactions.
Taggd study: nearly 80% use AI in recruitment, 10% benefit
Despite 80% of enterprises using AI in recruitment, only 10% report measurable hiring improvements, revealing a disconnect between technology investments and outcomes.
Nandan Nilekani warns AI will spur Indian layoffs and startups
Infosys co-founder Nandan Nilekani predicts AI will disrupt large corporations' employment while India's small businesses emerge as resilient job creators in an evolving economy.
Ashok Kumar Lahiri urges India to fix land acquisition process
India must simplify land acquisition for industries to boost investments, says NITI Aayog Vice Chairman Ashok Kumar Lahiri, citing structural challenges and legal hurdles.
Super.money debuts shopping marketplace with no-cost EMI plans
Super.money, a fintech company backed by Flipkart, has expanded its services to include an in-app marketplace called SplitStore.
Milky Mist launches IPO on August 11 to raise ₹1,553cr
Milky Mist Dairy Food Ltd has set a price band of ₹133-140 per share for its ₹1,553 crore IPO, which includes a fresh issue of ₹1,428 crore and an OFS of ₹125 crore.
Gold jumps ₹6,400 in 3 days
Gold and silver prices have seen a significant increase for the third consecutive session on MCX.
Markets mixed as Sensex gains 374 after closing auction session
Sensex surged 374 points to close at 78,955 on expiry day, while Nifty ended nearly flat at 24,636 as the new closing auction session (CAS) created index divergences.
Standard Chartered secures GIFT City in principle approval for wealth
Standard Chartered has received in-principle approval to offer retail wealth management products in India's GIFT City, aiming to bolster the hub's global financial ambitions.
Nazara to raise 733.5cr via ₹306 shares for global expansion
Nazara Technologies’ board has approved raising ₹733.50 crore through issuance of 2.39 crore equity shares, aimed at strategic acquisitions and global gaming expansion.
Tata names Tewolde Gebremariam Air India chief amid ₹22,238cr losses
Tata Group chose Tewolde Gebremariam, ex-Ethiopian Airlines chief, for his proven expertise in transforming struggling carriers into global leaders amidst crises and challenges.
SoftBank secures $10 billion loan using OpenAI stake as collateral
SoftBank has obtained a $10 billion margin loan, backed by its OpenAI stake, from major financial institutions to support corporate operations and Vision Fund II-2 initiatives.
Nintendo posts ¥147.4B profit, 53.5% jump after US tariff refund
Nintendo reported a 53.5% profit surge to ¥147.4bn, driven by a long-awaited refund on Trump-era tariffs, despite a 10% revenue drop compared to last year.
MCX gold rises to ₹1.49 lakh while silver slips
Gold prices edged higher in India on Thursday, supported by firm global cues and fresh buying, while silver saw a slight dip amid profit booking after recent gains.
Flipkart-backed super.money launches splitStore for 0-interest installments across 6 million products
super.money debuts splitStore, an in-app marketplace offering 6M products with zero-interest instalments, leveraging Flipkart's delivery network for seamless fulfilment.
Fresher IT hiring falls to 24% as firms prioritize experience
The share of IT fresher hiring dropped to 24% from 32%, even as overall technology recruitment grew by 10% year-on-year in July, according to Foundit Insights Tracker.
OpenAI asks California court to toss Apple's trade secrets lawsuit
OpenAI has called Apple's trade secrets lawsuit "baseless," claiming it aims to stifle employee mobility amid growing competition for AI talent in California.
India: over 6.64L firms skipped annual returns, compliance rate 62.35%
India's corporate registry is under scrutiny as over 664,000 companies failed to file annual returns in 2024-25, raising concerns about compliance reliability and investor trust.
Vijay Shekhar Sharma warns AI protests could leave India behind
Vijay Shekhar Sharma dismissed protests against data centres as a "woke mindset," amid criticism of Google's AI hub in Visakhapatnam over environmental concerns.
Lok Sabha passes bill to boost foreign investments, domestic manufacturing
The Lok Sabha has passed the Taxation and Other Laws (Amendment) Bill, 2026.
Trent's profit in Q1 rises 21% YoY to ₹519cr
Tata-owned Trent Limited, a leading retail company, has reported a robust financial performance for the first quarter of the fiscal year.
Why Ola Electric is moving to a dealership model
Ola Electric has announced a major shift in its business strategy, moving away from the direct-to-consumer model it has followed for five years.
'Meritless': OpenAI wants judge to dismiss Apple's trade secrets lawsuit
OpenAI has asked a US judge to dismiss Apple's lawsuit accusing it of stealing trade secrets.
Why Google's $15B Indian data center project is facing opposition
Google's ambitious $15 billion data center project in India is facing opposition from environmentalists.
Kotak fraud case: Ex-employee used proceeds to buy BMWs
A former Deputy Vice President of Kotak Mahindra Bank, Pushpinder Singh, allegedly used embezzled funds from the Municipal Corporation of Panchkula to buy luxury cars.
ITR-6 Excel utility for AY 2026-27 released: Who should file?
The Income Tax Department has launched the Excel utility of ITR-6 for Assessment Year (AY) 2026-27.
Bandhan Mutual Fund launches Bandhan Contra Fund NFO August 10
Bandhan Mutual Fund has introduced the Bandhan Contra Fund, an open-ended equity scheme following a contrarian strategy. The NFO opens on August 10 and closes on August 24.
India's Lok Sabha passes 2026 tax bill to attract investors
The Lok Sabha approved the Taxation and Other Laws (Amendment) Bill, 2026, aiming to attract foreign investment and boost domestic electronics manufacturing.
Bitcoin near ₹60.9L as US ETF inflows offset profit-taking
Bitcoin traded near $65,000 as steady institutional inflows through spot Bitcoin ETFs offset profit-taking by long-term holders, keeping the cryptocurrency's price supported.
Samsung India launches Bespoke AI Fest, cashback up to ₹19,470
Samsung India launches 'The Big Bespoke AI Fest,' offering up to Rs 19,470 cashback, extended warranties, and financing options on premium AI-powered home appliances.
KPMG finds 76% of firms use AI for financial planning
76% of firms use AI in financial planning, but a KPMG report highlights gaps in governance, data quality, and workforce alignment crucial for maximizing its potential.
Japanese government bond yields fall after oil dips, 10-year 2.765%
Japanese government bond yields dropped as falling oil prices alleviated inflation concerns, while optimism over Middle East peace prospects bolstered demand for safe-haven assets.
AI demand fuels surge for Samsung Electronics and TSMC stocks
The AI-driven rally has propelled South Korean and Taiwanese tech stocks, but soaring valuations and heightened volatility are testing investor confidence in emerging markets.
Ashika Global Securities shares climb 2.84% as Indian markets recover
Ashika Global Securities surged 2.84% on Thursday, opening at ₹468.50 after a previous close of ₹461.30, as Indian equity indices gained amid easing crude oil prices.
J.P. Morgan: Big Tech could borrow $1.7 trillion more
Hyperscalers can issue up to $1.7 trillion in additional high-grade debt, as J.P. Morgan reports robust demand for AI and data center financing despite recent market volatility.
Together Fund seeks $150 million to $170 million to back AI startups
Together Fund is in discussions to raise $150-170 million for its third fund, aiming to capitalize on the growing momentum in India's artificial intelligence startup ecosystem.
MV Electrosystems shares list at 22% premium over IPO price
Mumbai-based MV Electrosystems made a strong debut on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) today.
Ola Electric shifts to dealer sales after scooter sales decline
Ola Electric is transitioning from its direct-to-consumer model to a dealership-driven approach, aiming to counter declining sales and market share amidst growing competition.
Etsy lays off 12% of employees to streamline operations
Etsy, the popular marketplace for handmade and vintage items, has announced a major restructuring plan.
Google plans $15B data center in Visakhapatnam raising environmental concerns
Google's $15 billion data centre project in Andhra Pradesh faces mounting opposition from activists over water shortages and its proximity to a wildlife sanctuary.
This bank spends $250M annually on weight-loss drugs for employees
Bank of America (BoA) is spending over $250 million annually to provide GLP-1 weight loss drugs to its employees.
Gold rises to 7 week high at ₹149,296 on MCX
Gold prices have surged to a seven-week high, driven by easing inflation concerns and geopolitical stability. Investors are now evaluating whether this is the right time to buy.
OpenAI and Statsig settle $3.2 million in DOJ hiring case
The US government accused OpenAI and former subsidiary Statsig of discriminating against US workers by favoring temporary visa holders in PERM job recruitments.
SoftBank Q1 profit ¥347.3 billion beats estimates amid chip gains
SoftBank reported a smaller-than-expected 18% drop in quarterly net income, driven by gains in chip-stock holdings despite valuation concerns around OpenAI investments.
NPS extends same-day investment window for faster NAV allocation
The Pension Fund Regulatory and Development Authority (PFRDA) has extended the cut-off time for same-day investment of National Pension System (NPS) contributions by two-and-a-half hours.
Lin Enqi uses ChatGPT amid family's over S$30,000 grocery debt
A 21-year-old in Singapore used ChatGPT to streamline operations, boost sales, and clear Rs 20 lakh debt, transforming her family-run grocery store.
IIFL Capital partners with Flytxt for personalized AI investment recommendations
IIFL Capital collaborates with Flytxt to harness its Agentic AI platform, aiming to enhance investor engagement and accelerate AUM growth through intelligent recommendations.
Rapido Bengaluru launch, Flipkart readies delivery, Bernstein estimates ₹20-30 per-order
Rapido and Flipkart's entry into food delivery could unlock Rs 20-30 per order, Bernstein reports, contingent on sustainably lowering delivery and operating expenses.
KKR acquires Medicover India network of 24 hospitals, 4,800 beds
Global private equity firm KKR has acquired Medicover India's hospital operations, aiming to enhance healthcare access and infrastructure across South and West India.
You can now invest in fixed deposits using PhonePe
Leading digital payments platform PhonePe has launched a new feature on its app - the ability to book fixed deposits (FDs) with partner banks and non-banking financial companies (NBFCs).
Tech now 41% of MSCI ACWI, over $41T amid AI
AI-driven growth has propelled the tech sector to dominate 41% of the MSCI ACWI index, with its market value surpassing $41 trillion, outpacing seven major sectors combined.
Shiprocket IPO price set at ₹92-97; issue opens August 12
Shiprocket, a logistics technology company backed by Bertelsmann, Temasek, Tribe Capital and Eternal, has fixed the price band for its initial public offering (IPO) at ₹92-97 per share.
Anand Rathi recommends Technocraft Ventures IPO as good infrastructure investment
Anand Rathi recommends subscribing to Technocraft Ventures Ltd's IPO, citing its strong presence in EPC projects and valuation at a P/E of 19.4x FY26 annualized EPS.
SEPC Limited rises 4% after ₹854.57cr SAIL contract win
Sepc share price surged 4% on Thursday after securing a ₹854.57 crore order from SAIL, despite broader market volatility and muted trends on Dalal Street.
Kotak Mahindra AMC launches diversified equity All Cap Omni FoF
Kotak Mahindra Asset Management Company has introduced the Kotak Diversified Equity All Cap Omni FoF, an open-ended scheme investing across active and passive equity mutual funds.
Freshworks AI enables biweekly updates, cuts development time over 35%
Freshworks CEO Dennis Woodside reveals how AI innovations have accelerated software delivery cycles and revitalized enterprise trust in SaaS solutions.
Power Grid Q1 FY27 profit slips while total income rises
State-owned Power Grid Corporation of India reported a slight dip in consolidated net profit to ₹3,598.42 crore for the June quarter, despite a rise in total income.
SK Hynix suffers 2nd Nextrade flash crash, shares fall 30%
SK Hynix experienced its second 30% plunge in a week on Nextrade, momentarily triggering market chaos before closing the pre-open session 2% lower amid heightened volatility.
Bitcoin holds above $64,600, crosses 50-day average, Alex Kuptsikevich says
Bitcoin remains steady above $64,600 after rebounding from a dip earlier this week, while market attention shifts to SpaceX's $101 billion stock unlock event.
Swiggy aims for ₹10,000cr adjusted EBITDA target by FY31
Swiggy aims to achieve Rs 10,000 crore in annual adjusted Ebitda by FY31, with significant contributions from its food delivery and quick commerce units.
Mumbai-based Piper Serica raises 300 cr for Bharat Tech Fund
Piper Serica has raised Rs 300 crore in the first close of its Rs 800 crore Bharat Tech Fund, aiming to invest in deeptech startups across diverse sectors.
Investors press Samsung and SK Hynix over AI-chip profits
Samsung Electronics and SK Hynix face mounting investor calls for increased dividends or buybacks as record AI-driven profits swell their cash reserves.
Shiprocket cuts IPO to ₹1,617cr from ₹2,342cr, sets ₹92-97 band
Temasek-backed Shiprocket has reduced its IPO offer size to ₹1,617 crore, aiming for a valuation of ₹7,057 crore at the upper price band of ₹97 per share.
Indian rupee opens at 95.13 against US dollar amid tensions
The rupee depreciated by 9 paise to 95.17 against the US dollar on Thursday, as lower crude oil prices were offset by persistent geopolitical risks.
Kotak Mahindra Mutual Fund unveils diversified equity All Cap FoF
Kotak Mahindra Mutual Fund has introduced the Kotak Diversified Equity All Cap Omni FoF, an open-ended fund investing across market caps. The NFO is open until August 19.
Sandisk forecasts Q1 revenue on generative AI memory chip demand
Sandisk projects higher quarterly revenue, driven by surging demand for AI data center memory chips and long-term purchase agreements with a median duration of four years.
Nikkei 225 falls 1.8% after US semiconductor weakness, oil eases
Japan's Nikkei 225 fell nearly 2% Thursday as a global tech selloff hit semiconductor stocks, overshadowing gains in non-tech sectors supported by lower crude oil prices.
Juniper Green Energy shares open 9% higher, ₹13,769.8 cr valuation
Juniper Green Energy shares debuted at an 8.9% premium on NSE, with a market cap nearing ₹13,800 crore, following its ₹1,800-crore IPO subscribed 7.97 times.
Delhi High Court restrains Patna firm from using Nintendo name
The Delhi High Court has barred a Bihar-based real estate company from using the name “Nintendo,” citing trademark infringement of the Japanese gaming giant.
Indian bonds gain as RBI trims FY27 inflation to 5%
Indian bonds opened one basis point higher to 6.77% as Brent crude prices softened, while the RBI's reduced inflation forecast for FY27 further boosted investor sentiment.
Indian markets open higher after RBI keeps interest rates steady
Indian markets opened positively as Sensex gained 180 points, supported by stable global sentiment and IT stock gains, while Nifty held above the crucial 24,600 mark.
Top Indian IT firms resume campus hiring for AI-skilled engineers
India's top IT firms, including TCS and Infosys, are reviving campus hiring for FY27, prioritizing Forward Deployed Engineers (FDEs) skilled in AI and customer-centric solutions.
Sensex up over 201 points to 78,782 amid US-Iran talks
Sensex gained over 200 points, and Nifty crossed 24,600 as hopes for US-Iran peace talks and strong Q1 earnings boosted investor sentiment in Indian stock markets.
Shriram General Insurance posts 23% April-June premium surge to ₹1,180cr
Shriram General Insurance posted a 23% year-on-year rise in gross direct premium to ₹1,180 crore in Q1 FY27, surpassing the general insurance industry's 11% growth rate.
Hangzhou-based DeepSeek tells users a token price increase is coming
DeepSeek announced substantial price increases for its AI tools, currently priced far below competitors, to fund a 1GW data center in Inner Mongolia.
Indian rupee opens 95.13 vs US dollar, seen trading 94.80-95.20
The Indian rupee opened unchanged at 95.13 per dollar, while most Asian currencies, led by the Indonesian Rupiah, posted gains against the US dollar amid regional strength.
LIC gains ₹21,032cr as Nifty IT rises 19% since end-June
State-owned LIC reaped Rs 21,032 crore in mark-to-market gains within 35 days by strategically investing in Infosys, TCS, and HCL Tech during peak AI disruption concerns.
Income Tax Department uncovers fake deduction and relief claims
The Income Tax Department employs advanced data analytics and technology to detect fraudulent deduction claims, enhancing transparency and curbing tax evasion effectively.
Donald Trump confirms talks to reopen Strait of Hormuz
Brent crude steadied at $79 per barrel as the U.S., Iran, and Oman negotiated an agreement to reopen the Strait of Hormuz, ensuring smoother global shipping traffic.
MV Electrosystems IPO raised ₹290cr, shares seen 25% higher
MV Electrosystems Ltd debuts on BSE and NSE today at 10 am, with its grey market premium rising to 25.7%, indicating a potential listing price of Rs 534 per share.
MV Electrosystems debuts on BSE, NSE after 188.85x subscription
MV Electrosystems shares debut on BSE and NSE today, with a Grey Market Premium of Rs 109 suggesting a potential 26% listing gain over the IPO price of Rs 425.
Vinay Dube says Akasa Air will be profitable sooner
Akasa Air CEO Vinay Dube revealed profitability will arrive earlier than expected and confirmed the airline isn't seeking fresh capital currently.
India moves to build rare-earth magnet industry after China curbs
India's push to reduce reliance on China for rare-earth magnets gains momentum with a ₹7,280-crore scheme, but securing critical raw materials remains a significant hurdle.
Airtel Money plans London IPO after over $400 million Q1
Airtel Money, achieving $400M Q1 revenue with 26% growth, plans a London listing in 2026 as Bharti Airtel sees rising ARPU driven by premiumisation and strong customer additions.
Investor Ram Rupireddy files SEC complaint over SpaceX IPO mismatches
Some investors in SpaceX-linked SPVs, like Ram Rupireddy, were shocked to discover their holdings sold pre-IPO, missing out on massive gains after the company's public debut.
Asian stocks slump as Wall Street tech rally fades
Asian equities retreated on August 6, with South Korea's Kospi plunging 3.71% as Wall Street's technology-driven rally lost momentum, spreading caution across regional markets.
Consumers pick up indirect UPI costs, RBI emphasizes infrastructure
RBI governor Sanjay Malhotra highlighted that consumers indirectly bear the cost of UPI transactions through the broader economy, as discussions on merchant fees remain premature.
Manipal Health Enterprises jumps up to 11% on market debut
Manipal Health Enterprises debuted strongly on the stock market, listing at an 11% premium over its IPO price of ₹590, with shares closing at ₹666.70 on the BSE.
Indian Bank secures $400 million overseas loan backed by CTBC/Commerzbank
Indian Bank is raising a $400 million four-year loan, underwritten by CTBC and Commerzbank, with pricing set at 119-123 basis points above the SOFR rate.
Alphabet stock down 4% after DeepMind reshuffle, Gemini 4 delayed
Alphabet shares dropped 4% following a major leadership overhaul at Google DeepMind, intensifying investor concerns over delays to the Gemini AI model and rising competition.
KPMG, PwC, EY, Deloitte partner with startups for smarter AI
The Big Four consulting firms are collaborating with tech startups to deliver comprehensive AI solutions, combining innovation, credibility, and enterprise-grade scalability.
UPI apps in India may reintroduce merchant discount rate
The potential return of merchant discount rates (MDR) on UPI payments may drive apps to prioritise high-value merchant transactions over sheer volume growth.
AI stock slump in July hits hedge funds and indexes
Hedge funds faced significant losses in July as AI stocks plummeted, with highly leveraged Situational Awareness dropping 67% and selling assets at a discount to Citadel.
Gautam Gupta becomes Atoms finance chief after $1.7 billion raise
Travis Kalanick’s robotics startup, Atoms, has appointed former Uber finance chief Gautam Gupta as CFO, marking another key hire from Kalanick's previous ventures.
Etsy cuts about 220 jobs to accelerate decision making
Etsy Inc. is cutting 220 jobs, primarily in product and engineering, to streamline decision-making. Affected employees will receive severance and extended healthcare benefits.
Nxtra's $1B backs Airtel 1 GW push and 400-city fiber
Bharti Airtel aims to boost data centre capacity to 1 gigawatt and expand its fibre network across 400 cities, driving growth through financial services and AI integration.
United Spirits Ltd, Associated Alcohol & Breweries challenge FSSAI rules
United Spirits and Associated Alcohol & Breweries have challenged FSSAI directives on flavoring and labeling norms in Bombay and Madhya Pradesh High Courts, respectively.
Air India appoints Tewolde Gebremariam as new CEO
Air India has appointed Tewolde Gebremariam as its new Chief Executive Officer (CEO) and Managing Director (MD).
US pays back $100B in Trump tariff refunds
The Trump administration has refunded nearly $100 billion in tariffs it collected before the US Supreme Court declared them illegal.
When will India introduce plastic notes? RBI Governor shares timeline
The Reserve Bank of India (RBI) is gearing up to introduce plastic currency notes in the country.
Central banks bought 51 tons of gold in June: WGC
Central banks across the globe made their biggest gold purchases of the year in June, according to data from the World Gold Council (WGC).
Centre warns restaurants against levying unlawful service charges
The Indian government has warned hotels and restaurants against levying automatic service charges on customers' bills.
AMD's data center revenue doubles as gaming loses ground
AMD has reported a massive surge in its data center revenue, driven by the increasing demand for artificial intelligence (AI) capacity.
Texas halts new data center approvals over electricity grid concerns
Texas Governor Greg Abbott has halted the approval of new data centers, citing concerns over their potential impact on the state's electrical grid.
RBI holds repo rate: What it means for your FD
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.25%.
FIFA game maker goes private after $55B acquisition
Electronic Arts (EA) has officially transitioned into a private company.
Paramount-WBD merger trial scheduled for March 2027
A US District Judge has scheduled the trial for the merger between Paramount and Warner Bros. Discovery (WBD) from March 2 to March 19, 2027.
Jeff Bezos to sell $4B worth of Amazon shares
Jeff Bezos, the founder of Amazon, has filed plans to sell around 15 million shares in the tech giant.
No fuel for uninsured vehicles? SC suggests pilot project
The Supreme Court of India has directed the Central government to launch a pilot project that would deny fuel to vehicles without valid third-party insurance.
SpaceX spent $295M on Tesla Megapacks in Q2
SpaceX has made a major investment in Tesla's Megapack battery storage devices, spending $295 million in Q2 and a total of $329 million so far this year.
Anthropic signs $10B AI cloud deal with Volta
Anthropic has signed a massive $10 billion deal with AI cloud start-up Volta.
RBI keeps repo rate unchanged at 5.25%
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.25%.
SpaceX revenue doubles with Starlink and AI compute deals
SpaceX has announced a whopping 92% jump in revenue for the second quarter, its first earnings report since going public.
China's services growth slows to 10-month low
China's services sector growth has slowed down to its lowest pace in nearly a year, with the Purchasing Managers' Index (PMI) falling sharply from 54.1 in June to 50.4 in July.
Will UPI payments become chargeable? Centre moves to enable MDR
The Indian government has introduced a bill to amend the Payment and Settlement Systems Act, 2007.
FSSAI bans Old Monk for adding rum flavor to rum
The Food Safety and Standards Authority of India (FSSAI) has banned the sale of three variants of Old Monk rum. The affected variants are The Legend, Gold Reserve, and XXX Matured Rum.
RBI revises FD rules for small finance banks from October
The Reserve Bank of India (RBI) has announced new guidelines for small finance banks (SFBs) on fixed deposit (FD) interest rates and related matters.
Nazara slips into loss as Nitish Mittersain exits CEO role
Nazara Technologies, a leading online gaming company, has reported a 14% year-on-year decline in its revenue from operations for the quarter ending June 30.
Bending Spoons buys Airtable in $1.3B deal
Italian tech company Bending Spoons has announced its first acquisition since going public on NASDAQ last month.
JioBlackRock enters ETF market with Nifty 50 fund
JioBlackRock Asset Management, a partnership between Jio Financial Services and BlackRock, has launched its first exchange-traded fund (ETF) in India.
Snap shares surge after Q2 revenue beats expectations
Snap Inc has reported better-than-expected revenue and earnings for the second quarter. The company's stock jumped nearly 8% in extended trading following the news.
India to overhaul tax framework to boost manufacturing, foreign investment
The Indian government is planning a major overhaul of its tax framework, with the aim of boosting manufacturing and attracting foreign investment.
FAA certifies Boeing 737 MAX 7 after years of scrutiny
Boeing's 737 MAX 7, the smallest variant of its best-selling aircraft family, has been certified by the US Federal Aviation Administration (FAA).
LIC shares crash 9% after Centre's discounted stake sale
Shares of Life Insurance Corporation of India (LIC) have witnessed a massive sell-off on Tuesday, with a decline of nearly 9%.
Dabur banned from selling food products with '100 percent' claims
The Food Safety and Standards Authority of India (FSSAI) has banned Dabur India Ltd from selling a range of food products carrying "100 percent" claims.
Finance Ministry approves raising EPF wage ceiling to ₹25,000
The Finance Ministry has approved a proposal to raise the wage ceiling for mandatory coverage under the Employees' Provident Fund (EPF) and Employees' Pension Scheme (EPS) to ₹25,000 per month.
Can't find old PF account? EPFO's new feature can help
The Employees' Provident Fund Organisation (EPFO) has launched a new "Service History" feature to help members keep track of their employment records.
Australia increases levy on Big Tech over local news deals
Australia has increased the rate of a planned levy on tech giants, including Meta, Google, and TikTok.
Spinny converts into public company ahead of planned IPO
Spinny, a leading player in the used car retailing space, has taken a major step toward its planned initial public offering (IPO).
Sarvam AI nears ₹700cr funding led by NVIDIA
Indian AI start-up Sarvam is gearing up to raise $74 million (around ₹700 crore) in an extension of its Series B funding round.
Zepto's shares take a hit as quick-commerce firm delays IPO
Zepto's unlisted shares have witnessed a massive 23% decline in the last five trading sessions.