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Kospi drops 1.96% as semiconductor stocks fall before NVIDIA earnings
South Korea's Kospi fell nearly 2%, led by declines in Samsung Electronics and SK Hynix, as investors grew cautious ahead of Nvidia's earnings report on AI profitability.
Larsen & Toubro wins ₹5,000-10,000 cr Middle East battery deal
Larsen & Toubro (L&T) has bagged a ₹5,000-10,000 crore order to develop three battery energy storage system (BESS) projects in the Middle East with a combined capacity of 6 GWh.
India's 10-year yield hardly moves as oil drops to $92
Indian bonds opened steady at a 10-year yield of 6.8722%, as investors eyed Brent crude price movements following US sanctions on Iran for potential inflation impacts.
Marriott aims to make India its 2nd largest market worldwide
Marriott International anticipates India surpassing China and Mexico to become its second-largest global market within 3-4 years, driven by rapid expansion.
Union Bank of India returns with $600m in dollar bonds
Union Bank of India raised $600 million through its first public U.S. dollar bond sale in over 12 years, issuing three-year and five-year notes at competitive interest rates.
Sumax Engineering SME IPO opens at ₹95-₹101, closing Aug 28
Sumax Engineering's SME IPO opened today on the NSE SME platform, with a price band of Rs 95–Rs 101 per share and a grey market premium indicating a potential 32% listing gain.
ESDS Software Solution IPO set at ₹408-₹429, opens Aug 28
The ESDS Software Solution IPO price band is set at ₹408-₹429 per share, with subscriptions open from 28 August to 1 September and shares listing on 4 September.
ET summit leaders discuss AI and hubs beyond Bengaluru
The ET Business Growth Summit in Bengaluru spotlighted AI's role, entrepreneurial strategies, and business scalability amid evolving global opportunities and challenges.
Indian rupee opens at 95.73 as oil rebounds above $93
The rupee opened at 95.73 per US dollar on Tuesday, slightly stronger than Monday's close of 95.75, as the RBI is expected to intervene to ease currency pressures.
Tata Consultancy Services aims for €1 billion from Porsche-MHP deal
TCS CEO K Krithivasan highlights the strategic acquisition of MHP, aiming to expand in Europe and capitalize on automotive digital transformation opportunities.
Reliance Industries to use Andhra Pradesh coal for aluminum
Mukesh Ambani's Reliance Industries is exploring entry into aluminium production, potentially setting up competition with Gautam Adani's recent $11.5 billion investment.
Indian family offices ramp up pre-IPO investments joining SBI Funds
Family offices in India are increasingly participating in mega IPO pre-placements, leveraging their ability to write large cheques and conduct thorough due diligence.
India growth expected to slow to 7.1% in April-June 2026
India's GDP growth slowed to 7.1% in April-June, down from 7.8% last quarter, as subdued private investment offset gains from consumer spending and government expenditure.
Annu Projects Limited opens IPO today seeking 175.06cr priced ₹94-99
Annu Projects Limited, a diversified EPC company, is launching its ₹175.06 crore IPO from August 25-28, priced at ₹94-₹99 per share with a market lot of 151 shares.
Nifty 50 set to open lower amid Iran transit threat
Indian equity benchmarks are expected to open in the red on Tuesday, as GIFT Nifty signals a weak start amid mixed global cues and persistent concerns over crude oil prices.
Unitree's Shanghai STAR Market debut surges 460% then plunges 45%
Unitree, a leading Chinese robot maker, saw its shares plummet 45% after a blockbuster IPO, sparking fears of market bubbles and flaws in China's listing mechanisms.
EPFO allows NRIs moving abroad to withdraw EPF early
NRIs can withdraw their EPF corpus before turning 58 if relocating permanently abroad. The balance earns interest even though further contributions are not allowed as an NRI.
Bitcoin hits $80,908 after 23% weekly surge highest since May
Bitcoin surged past $80,000 for the first time since May, fueled by a weaker dollar and renewed optimism following US Treasury bond buyback plans and legislative support signals.
Sigma Advanced Systems wins ₹1,600cr Rolls-Royce aero-engine contract via Bromford
Sigma Advanced Systems has signed a £125 million (Rs 1,600 crore) contract with Rolls-Royce, expanding their aerospace manufacturing partnership.
Hyundai and union reach tentative wage deal after decade's strike
Hyundai Motor and its workers' union reached a tentative agreement on wages and bonuses following the automaker's first full-day strike in a decade, impacting 40,000 employees.
Sunshine Pictures IPO lists on BSE and NSE priced ₹342-₹360
Sunshine Pictures shares debut today on BSE and NSE, with a 14% grey market premium indicating strong listing gains over the IPO price band of Rs 342–360 per share.
Bitcoin tops $80,000 1st time since May after Treasury moves
Bitcoin surged past $80,000 for the first time since May, driven by renewed investor demand and falling Treasury yields boosting broader crypto recovery momentum.
India's auction-based stock-price system faces 1st options test August 25
India's new auction-based stock price system, launched in August, faces its first monthly derivatives expiry amid concerns over sharp price swings and manipulation risks.
Blinkit pauses new launches from Aug 31 to Nov 10
Blinkit will halt new product launches from August 31 to November 10, ensuring efficient warehouse management as quick commerce gears up for India's festive season rush.
India's late semiconductor start could leapfrog with new chip technologies
India's late entry into semiconductor manufacturing aligns with emerging technologies, offering a unique opportunity to surpass established global players.
Electric motorcycle startup Matter Motor Works raises 240cr, nears 1,000cr
Electric motorcycle startup Matter Motor Works secured $25 million from existing investors, bringing total funding to Rs 1,000 crore and plans to launch four new models soon.
Meiji Seika, Serum Institute to bring JE vaccine to India
Meiji Seika Pharma partners with Serum Institute of India to launch an affordable Japanese Encephalitis vaccine, leveraging India's low-cost manufacturing capabilities.
EY attributes India private credit slump to Shapoorji Group refinancing
India's private credit market recorded $3.5 billion across 102 deals in H1 2026, marking a significant drop from $9 billion in H1 2025 due to a high base effect.
Oura plans September 2026 US IPO seeking over $16B valuation
Oura, the smart ring maker, is reportedly planning a U.S. IPO next month, targeting a valuation exceeding $16 billion after its rapid growth in the wearables market.
US considers 7.5% China tariff before possible Trump Xi meeting
The US is considering a 7.5% tariff on Chinese imports to address industrial overcapacity and cheap exports, aiming to avoid disrupting the fragile US-China trade truce.
Nadda outlines India's $1 trillion chemicals industry target by 2040
India aims to expand its chemicals sector to $1 trillion by 2040, with the government fostering investments, innovation, and domestic manufacturing through an enabling ecosystem.
Haryana secures ₹66,000cr MoUs as CM Saini vows speed
Haryana signed MoUs worth ₹66,000 crore during the Happening Haryana 2.0 campaign in Mumbai, emphasizing strategic partnerships and district-specific growth plans.
TCS to buy Porsche subsidiary MHP Management for $373 million
TCS will acquire Porsche's consulting subsidiary MHP for $373 million, alongside a $1.4 billion five-year strategic partnership focused on AI-driven automotive transformation.
Trump bought up to $50,000 in SpaceX shares, now $135
President Donald Trump purchased up to $50,000 in SpaceX stock on June 23, 2026, two weeks after the company’s record-breaking IPO and subsequent share price drop.
Zillow and Redfin settle antitrust case with FTC, 5 states
Zillow and Redfin resolved an FTC lawsuit over their 2025 partnership, accused of stifling competition in the rental-listing market, through a settlement announced Monday.
India secures $73 billion forex inflows in under 11 weeks
India has secured $73 billion in foreign exchange inflows within 11 weeks, surpassing the RBI's 2013 FCNR(B) scheme and marking the fastest global foreign-currency mobilisation.
India regulator recommends waivers for twice yearly lenacapavir injection trials
India's drug regulator has granted waivers for local trials, allowing Dr Reddy's and Emcure Pharmaceuticals to manufacture lenacapavir, a twice-yearly injection for HIV prevention.
Indian banks face surge in FCNR(B) deposits to $90-$100bn
Strong FCNR (B) deposit inflows have led analysts to revise estimates, with Jefferies projecting mobilization to reach $90-100 billion by August 31, surpassing earlier predictions.
Meesho tax disputes triple to 2071.8cr, rectification and appeal filed
E-commerce firm Meesho reported a threefold surge in tax disputes to ₹2,072 crore in FY26, with ₹1,500 crore added due to revised taxable income assessments.
PPPAC gives in-principle approval for 8622cr private airport upgrades
India plans to privatize 11 airports through five bundles, requiring ₹8,622 crore in investments under 50-year concessions to boost infrastructure and capacity.
IDFC FIRST Bank sells $350 million 5-year bonds at 5.8% interest
IDFC FIRST Bank has raised $350 million through five-year senior notes at a 5.8% coupon, marking its second international bond issuance in August, totaling $950 million.
Publicis Sapient CEO Vaz: India may gain global AI advantage
India's robust software and tech services sector positions it to excel in AI applications, says Nigel Vaz, CEO of Publicis Sapient, advocating a two-speed strategy.
Donald Trump invested up to $50,000 in SpaceX stock
U.S. President Donald Trump invested up to $50,000 in Elon Musk’s SpaceX in June, according to a financial disclosure made public on August 22.
UPI completes 10 years: How India's payments revolution took off
The Unified Payments Interface (UPI), India's revolutionary digital payment system, has completed a decade of operation.
You can now export wheat flour from India again
The Indian government has lifted the export ban on wheat flour and related products with immediate effect.
Selling goods on Amazon and Flipkart has become costlier
Amazon and Flipkart have raised their seller fees ahead of the festive season.
Tempsens IPO closes today as GMP crosses 100%
The initial public offering (IPO) of Tempsens Instruments has garnered strong investor interest on its third and final day of bidding.
India's rare-earth magnet plan might not meet future demand
The Indian government has announced an $800 million plan to produce high-strength neodymium-iron-boron (NdFeB) magnets.
Iran's currency nears 2M to a dollar as pressure mounts
Iran's currency, the rial, is on a downward spiral, nearing the unofficial market rate of two million to a US dollar.
Air India, IndiGo, SpiceJet issue advisories for Delhi passengers
Air India, IndiGo, and SpiceJet have issued travel advisories for passengers due to adverse weather conditions in Delhi.
Godrej to invest ₹20,000cr in Haryana, create 40,000 jobs
Godrej Industries Group has signed a Memorandum of Understanding (MoU) with the Haryana government to invest ₹20,000 crore in the state.
Warner Bros merger: California's AG cancels meeting with Paramount
California's Attorney General Rob Bonta has canceled a meeting with Paramount Skydance executives today, The New York Times reported.
Alibaba shares crash after $10B AI fundraising plan
Alibaba's shares plunged nearly 11% on Monday after the Chinese tech giant announced a massive HK$80 billion ($10.2 billion) share placement to fund its artificial intelligence (AI) expansion.
Gold prices surge to 3-month high
Gold prices have surged to their highest level in over three months, reaching over $4,641 per ounce.
Selection process for next Tata Sons chairman is now underway
The Sir Dorabji Tata Trust (SDTT) has begun the process of forming a selection committee to recommend the next chairman of Tata Sons, as per Moneycontrol.
This renewable energy firm is planning $800M IPO in India
Avaada Electro, the solar manufacturing division of Avaada Group, is gearing up for an initial public offering (IPO) that could raise as much as $800 million, as per Bloomberg.
Modi government reopens AI vendor empanelment: Why it matters
The Ministry of Electronics and Information Technology (MeitY) has reopened its empanelment process for agencies providing artificial intelligence (AI) and machine learning (ML) manpower and project support to the government.
NVIDIA might invest in AI start-up Perplexity at $30B valuation
NVIDIA is considering an investment in AI start-up Perplexity, The Information reported.
SoftBank plans record $6.3B bond issue to fund AI investments
SoftBank Group, the Japanese technology investor, has announced its plan to issue ¥1 trillion ($6.29 billion) worth of seven-year corporate bonds.
Bank unions announce nationwide strikes over 5-day work week, PLI
The United Forum of Bank Unions (UFBU), an umbrella group of major bank employee and officer unions, has called for nationwide strikes.
Skyways Air IPO launches with 23% GMP: Apply or avoid?
Skyways Air Services, a leading air freight forwarding and logistics company based in Delhi, has launched its initial public offering (IPO) today. The issue will close on August 27.
GMR plans $2B expansion at Delhi and Hyderabad airports
GMR Airports, a leading player in India's aviation sector, has announced plans to invest nearly $2 billion (approximately ₹19,400 crore) in the expansion of its New Delhi and Hyderabad airports.
SHEIN launches IPO at $27B valuation, 70% below peak
Fast fashion giant SHEIN has launched its initial public offering (IPO) in Hong Kong, aiming to raise HK$13.86 billion ($1.77 billion).
Centre launches 'Kanda Express' as onion prices rise 45%
The Indian government will launch "Kanda Express" from Monday, a special train service to transport onions from Maharashtra's buffer stock to major consumption centers.
EPFO members should complete 10-year service for monthly pension benefits
The Employees' Provident Fund Organisation (EPFO) has warned its eligible members to complete a mandatory 10-year service period.
Piyush Goyal to lead India's largest business delegation to Japan
Union Minister for Commerce and Industry, Piyush Goyal, will head a 200-member business delegation to Japan from August 24-27.
India-Mexico trade pact nearing completion
The Terms of Reference (ToR) for a potential trade pact between India and Mexico are "almost finalized," government sources have said.
Why Urban Company has sued Kent RO
Urban Company has filed a defamation and disparagement suit against Kent RO Systems in the Delhi High Court.
This hospitality chain is planning ₹1,000cr IPO by December
Pride Hotels, a leading hospitality chain, is gearing up for its initial public offering (IPO) by December.
Commerce Secretary to visit Latin America, focus on trade ties
Commerce Secretary Rajesh Agrawal will be visiting Latin America from August 24 to 28.
Flipkart Minutes closing in on Instamart's scale
Walmart-owned Flipkart is giving established players like Swiggy Instamart, Blinkit, and Zepto a run for their money in the quick-commerce space.
New York surpasses San Francisco as US's top tech hub
New York City has outpaced San Francisco as the leading hub for tech talent in the US, according to CBRE.
SpaceX expands supply chain team in India amid Starlink delay
Elon Musk's SpaceX is expanding its supply chain team in India, despite the commercial launch of Starlink being stalled by pending security clearances.
Alibaba to raise $10B via share sale for AI purposes
Chinese e-commerce and cloud computing giant Alibaba has announced plans to raise HK$80 billion (around $10.2 billion) through a share placement.
FPIs invest over ₹23,500cr in Indian equities this August
Foreign portfolio investors (FPIs) have made a major investment in Indian equities this month, pumping in ₹23,544 crore so far.
SBI's total business to reach ₹200L crore by 2030
State Bank of India's (SBI) total business could double to ₹200 lakh crore by 2030, Chairman C S Setty has said.
Market cap of India's top 4 firms down ₹87,960cr
Four of India's top 10 companies witnessed a massive erosion of ₹87,960 crore in their market capitalization last week.
AI creating more jobs than destroying them in India
A recent report by Nomura has revealed that artificial intelligence (AI) is creating more jobs than it is destroying in India.
Starbucks India wants to match scale of Chinese outlets
Starbucks India, in partnership with Tata Consumer Products Ltd (TCPL), is gearing up to resume its aggressive store expansion strategy.
Andhra Pradesh greenlights ₹31,400cr AI data center in Visakhapatnam
The Andhra Pradesh government has approved the establishment of a 512MW green integrated artificial intelligence (AI) data center in Visakhapatnam district.
How Modi government plans to help local chip firms grow
The Indian government is working on a plan to help local semiconductor chip firms negotiate better terms with global foundries.
Indian banks to remain closed on these days next week
Public and private sector banks across India will observe several holidays next week.
India-US trade deal 'almost' finalized in principle: Sergio Gor
The India-US trade agreement is "almost" finalized in principle, according to US Ambassador to India Sergio Gor.
Why Cochin airport has accused SpiceJet of spreading misinformation
Cochin International Airport Limited (CIAL) has accused SpiceJet of spreading misinformation over flight disruptions at the airport.
Donald Trump made securities trades worth $263M in June
US President Donald Trump made over 1,000 securities trades in June alone.
SoftBank to sell 2.6% stake in Lenskart for $300M: Report
SoftBank Vision Fund II Lightbulb Cayman is planning to sell up to a 2.6% stake in Lenskart, people familiar with the matter told CNBC-TV18.