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US stocks tick higher as Microsoft and Meta earnings loom
US stocks edged higher as investors awaited earnings reports from AI leaders Meta and Microsoft, alongside a pivotal Federal Reserve interest-rate decision.
Amazon's Great Freedom Sale returns August 7 with Prime access
Amazon's Great Freedom Sale 2026 kicks off on August 7, offering massive discounts on smartphones, laptops, smart TVs, and more. Prime members get early access to exclusive deals.
India to get regulated coal exchange by 2027, portal launches
India's regulated coal exchange, aimed at transparent and efficient trading, is set to launch within a year of registration, offering fair pricing and wider market access.
Santa Clara startup ChipAgents raises $60 million to accelerate design verification
ChipAgents raised $60 million to advance semiconductor design using AI agents, expanding its collaboration with Nvidia and bringing total funding to $131 million.
India services sector expands in May 2026, cooling from April
India's services economy expanded in May 2026, with 16 of 19 sub-sectors recording growth. Real estate, retail trade, and banking led the momentum despite moderated overall pace.
San Francisco AI startup Freehand raises $75 million from investors
Freehand, an AI-driven supply chain automation startup, raised $75 million in a round co-led by Battery Ventures and NewRoad Capital Partners.
TeamLease June quarter profit up 31.4% to ₹34.9cr revenue ₹3,034.7cr
TeamLease Services reported a 31.4% YoY rise in Q1 net profit to ₹34.9 crore, with revenue crossing ₹3,000 crore despite subdued hiring in its general staffing segment.
PwC: Nearly 6 in 10 Indian manufacturers expect AI impact
Nearly 59% of Indian manufacturers foresee AI driving productivity and decision-making, surpassing global optimism, according to PwC's latest report on industrial manufacturing.
CUTS: majority oppose adding cloud to India's Digital Competition Bill
A CUTS study reveals 60% of stakeholders oppose including cloud services under ex-ante regulations, citing innovation and compliance concerns.
Marvell Technology to invest $250 million in India for AI chips
Marvell Technology will invest $250 million in India over three years, doubling its workforce and expanding offices to boost semiconductor solutions for AI and cloud applications.
Income Tax Act permits revised returns to avoid extra interest
Taxpayers can correct omissions in their Income Tax Returns (ITRs) by filing a revised return before the deadline to avoid interest and compliance issues.
Apple's June-quarter growth strongest since 2021 as iPhone pricing holds
Apple is poised to achieve its highest June-quarter sales growth since 2018, driven by steady iPhone pricing and a 3% rise in shipments despite global smartphone market challenges.
Pangram raises $9 million to boost AI content detection capabilities
New York-based startup Pangram raised $9 million to expand its cutting-edge AI detection tools, addressing the growing prevalence of AI-generated text and images online.
Indian rupee rises 4th straight day to ₹95.66 per dollar
The Indian rupee appreciated for the fourth consecutive session, bolstered by sustained foreign fund inflows, robust domestic equities, and a softer US dollar.
Cognizant lowers fiscal 2026 growth forecast to 4% to 5.5%
Cognizant lowered its FY26 revenue growth forecast, citing reduced discretionary tech spending as enterprises focus on AI-driven productivity and cost optimization initiatives.
NITI Aayog's Rajiv Gauba panel proposes simplified 3-fee airport charges
A NITI Aayog-led panel recommends replacing India’s rigid airport tariff regime with a simplified three-category framework to enhance flexibility and efficiency.
Vedanta Oil & Gas posts ₹945cr June quarter profit
Vedanta Oil & Gas posted a ₹945 crore net profit for Q1, reversing a previous quarter's loss, and announced a significant gas discovery in Rajasthan's Barmer Basin.
iPhones drive India's smartphone exports to record $9.8B in Q1
India's smartphone exports have hit a record high of nearly $10 billion in the first quarter of FY27.
South Korea's KOSPI falls 40% since June, triggers emergency meeting
South Korea's KOSPI plunged 40% from its June peak, triggering a market-wide circuit breaker and prompting an emergency meeting to address the stock market crisis.
Adani Enterprises posts record ₹5,642cr EBITDA and ₹33,546cr income
Adani Enterprises Ltd reported its highest-ever quarterly EBITDA of Rs 5,642 crore in Q1 FY27, marking a 49% YoY growth alongside a 50% rise in total income to Rs 33,546 crore.
Rupee gains 4th straight day, up 16 paise to ₹95.66
The rupee rose 16 paise to 95.66 against the US dollar, marking its fourth consecutive session of gains, supported by strong domestic equities and lower global crude prices.
Ashwini Vaishnaw says India's mobile exports rose 165-fold, production 6.27L/cr
India's mobile phone exports skyrocketed 165-fold in a decade, reaching ₹2.59 lakh crore by 2025-26, showcasing the nation's rise as a global electronics manufacturing hub.
Sensex up 888.68 points to 77,654.60 as Nifty tops 24,250
The BSE Sensex jumped 888.68 points to 77,654.60, while the NSE Nifty gained 264.85 points to close at 24,250.20, driven by strong performances in IT and metal stocks.
M&M to transfer MTBD to SML Mahindra for ₹525 cr
SML Mahindra shares surged 20% after Mahindra & Mahindra approved transferring its Truck & Bus Division to the company for ₹525 crore.
Indian banks charged over ₹26,170cr in minimum balance penalties (FY23-FY26)
Banks amassed over ₹26,170 crore in fines for non-maintenance of minimum average balances between FY23 and FY26, with private lenders contributing the majority of this revenue.
Sensex closes at 77,655, up 889 points, Nifty ends 24,250
The BSE Sensex soared 889 points to close at 77,655, while the NSE Nifty gained 265 points to settle above the 24,200 mark, driven by broad-based buying across sectors.
RBI cuts private bank CEO approval wait to 35-40 days
The Reserve Bank of India has shortened CEO approval times to 35-40 days, potentially easing HDFC Bank's leadership transition as CEO Sashidhar Jagdishan's tenure nears its end.
India unveils upgraded semiconductor mission with ₹1.27L/cr over 6 years
India has launched ISM 2.0 with a ₹1.27 lakh crore outlay, focusing on chip manufacturing, supply chain subsidies, and R&D to strengthen its semiconductor ecosystem.
NPCI International Payments enables UPI for online Burj Khalifa bookings
Indian visitors can now use UPI for online bookings at 'At the Top, Burj Khalifa,' simplifying travel planning through a partnership between NIPL, NEOPAY, and Emaar Entertainment.
State Bank of India sells ₹4,691cr AT-1 bonds at 7.75%
State Bank of India has raised ₹4,691 crore through Basel III-compliant Additional Tier 1 bonds at a 7.75% coupon rate to support business growth and diversify regulatory capital.
Big US firms report earnings amid AI and consumer pressures
Big Tech's AI spending faces scrutiny as Microsoft and Meta report today, while P&G, Qualcomm, and Starbucks navigate economic pressures amid shifting consumer and market dynamics.
India needs $350-$435B for AI and data centers by 2030
India may require $350-435 billion by 2030 to develop AI and data centre infrastructure, driven by rising digital economy demands, according to OmniScience Insights Labs.
Adani Enterprises posts ₹1,160cr Q1 loss after ₹2,644cr OFAC settlement
Adani Enterprises reported a Q1 FY27 net loss of Rs 1,160 crore due to a Rs 2,644 crore one-time settlement charge, while revenue surged 50% year-on-year to Rs 32,924 crore.
Goldman Sachs report says AI will reshape work in India
AI could automate 17% of tasks in India's non-agricultural workforce, while 48% of jobs are expected to benefit from AI as a productivity-enhancing tool, says Goldman Sachs.
HUDCO targets NPA elimination by fiscal 2027 and ₹2T loanbook
Housing and Urban Development Corporation Ltd (HUDCO) aims to eliminate non-performing assets (NPAs) and expand its loan book to ₹2 trillion by the end of FY27.
Markets dip as South Korea's Kospi plunges amid AI worries
Global stocks struggled on Wednesday amid Asia's sharp selloff, with South Korea's Kospi dropping nearly 6% as AI chipmaker valuations faced mounting scrutiny and volatility.
Beauty Garage heads for ₹125 cr IPO as founders sell
Beauty Garage Ltd has filed draft papers with SEBI to raise ₹125 crore through an IPO, including a fresh issue and an Offer for Sale by its promoters.
Bitcoin holds at $64,300 after dip as whales stack coins
Bitcoin steadied near $64,300 despite outflows from US spot ETFs and cautious investor sentiment ahead of the Federal Reserve's interest rate decision.
SoftBank-backed OfBusiness posts 21% net profit jump to ₹724 cr
OfBusiness saw a 7% dip in revenue to Rs 20,645 crore, while net profit surged 21% to Rs 724 crore, driven by improved margins and operational efficiency.
Rapido's Ownly reaches 7% of Bengaluru online food orders
Rapido’s zero-commission platform Ownly has captured 7% of Bengaluru’s food delivery market within months, delivering over 40,000 daily orders and planning national expansion.
Fitch Ratings expects 9% FY27 revenue growth for Indian firms
Fitch Ratings projects a 9% revenue growth for Indian corporates in FY27, driven by robust demand across key sectors and supported by strong GDP growth and infrastructure spending.
Former Infosys CEO Vishal Sikka's Hang Ten Systems raises $32 million
Vishal Sikka's startup, Hang Ten Systems, has raised $32 million in seed funding to help enterprises harness AI for transformative growth and operational efficiency.
Pine Labs expands globally, invests in AI to boost revenue
Indian fintech giant Pine Labs anticipates 20% revenue growth, driven by investments in AI, international market expansion, and enhanced monetisation of its payment infrastructure.
South Korea's Kospi drops 12.6% after single-stock leveraged ETFs launch
South Korean policymakers apologised for introducing single-stock leveraged ETFs, blamed for intensifying a 12.6% plunge in the Kospi, driven by sharp declines in chip stocks.
BMW to cut 8,000 jobs by end of 2027
BMW has announced plans to offer voluntary redundancy to nearly half of its German workforce. The move is part of a larger strategy to cut around 8,000 jobs by the end of 2027.
India's energy security shaky if Hormuz and Bab-el-Mandeb straits blocked
India's energy security is under threat as disruptions at the Strait of Hormuz and Red Sea could push Brent crude prices to $130-135 per barrel, warns CareEdge Ratings.
Sensex surges 900 points: Key reasons behind today's rally
The Indian stock market is witnessing a major rally today, with the BSE Sensex soaring by over 880 points at the time of writing.
Nomura Holdings posts April-June net income $890.74 million, up 39%
Nomura Holdings reported a 39% surge in first-quarter net income, driven by volatile markets, record-high stock prices, and robust wealth management fees.
eBay to pay $56M to couple it harassed in 2019
In a bizarre chapter of e-commerce history, eBay has agreed to pay $56 million to a couple of newsletter writers.
UltraTech Cement plans 5,000cr rupee bond sale to lower costs
UltraTech Cement plans to raise ₹5,000 crore through rupee-denominated bonds with maturities of 2.5, 3.5, and 5 years, offering annual coupons up to 7.25%.
SCMHRD Pune rolls out GPT-powered tools for personalized business learning
SCMHRD integrates AI-driven tools to enhance personalized learning, enabling students to practice continuously and build industry-relevant solutions.
iyO v/s OpenAI: Court halts proceedings amid settlement talks
The ongoing trademark lawsuit between iyO and OpenAI, along with Jony Ive, has been temporarily halted.
Nandita Sinha to lead Instamart as Swiggy shares rally
Swiggy shares surged 8% on Wednesday, marking a 15% rally in three days, driven by Nandita Sinha's appointment as Instamart CEO and Zepto's valuation challenges ahead of its IPO.
Why SK Hynix shares crashed despite 557% profit surge
South Korean chipmaker SK Hynix reported surging quarterly earnings, though its results fell short of high investor expectations fueled by the AI boom.
Gland Pharma receives US FDA approval for generic sugammadex injection
Gland Pharma has received USFDA approval for its generic sugammadex injection, used to reverse muscle relaxants during surgery, with US sales estimated at $1.6 billion annually.
Mukesh Bansal's 10 cr investment helped Skyroot launch Vikram 1
A cold LinkedIn message in 2018 from two ISRO engineers to entrepreneur Mukesh Bansal led to the creation of Skyroot Aerospace, India's first private orbital rocket company.
Parliamentary panel backs Securities Markets Code 2025 to simplify investing
The Securities Markets Code, 2025 proposes an SRO-led interim regulatory framework for Virtual Digital Assets, aiming to enhance governance and investor protection.
Adani Ports posts 9.2% rise in April-June profit ₹3,620 cr
Adani Ports reported a 9.2% YoY rise in Q1 net profit to Rs 3,620 crore, with revenue from operations jumping 18.6% to Rs 10,821 crore.
UBS posts 17% profit $2.8B, plans up to $3B buyback
UBS reported a 17% rise in Q2 net profit to $2.8 billion, driven by robust wealth management and investment banking growth, alongside announcing a $3 billion share buyback plan.
Mondelez beats Q2 expectations and lifts organic revenue forecast
Mondelez International surpassed second-quarter revenue and profit expectations, driven by steady demand for biscuits and chocolates alongside higher pricing in key markets.
Vijayta Nikhil Raheja appointed CEO of K Raheja Group
Vijayta Nikhil Raheja has been appointed as the CEO of K Raheja Group, bringing 16 years of experience to lead its strategic direction and business operations.
Vijay Shekhar Sharma calls AI a once-in-a-generation opportunity for India
Paytm CEO Vijay Shekhar Sharma views artificial intelligence as a transformative opportunity for India to create jobs, drive innovation, and achieve global tech leadership.
eBay settles for almost $50 million with David and Ina Steiner
eBay agreed to pay nearly $50 million to a Massachusetts couple after former employees targeted them with threats and bizarre deliveries in a harassment campaign.
Thangamayil Jewellery net profit ₹85 cr as revenue rises 71%
Madurai-based Thangamayil Jewellery reported a nearly twofold YoY rise in net profit to ₹85 crore for Q1FY27, with revenue surging 71% to ₹2,666 crore.
Goldman Sachs: generative AI might automate 8-12% non-agricultural jobs India
Generative AI could replace 8-12% of India's non-agricultural jobs, while enhancing productivity for 42-48% of the workforce, according to a Goldman Sachs report.
Alpine Texworld shares fall for 7th day, close at ₹73.35
Alpine Texworld shares hit a 5% lower circuit for the seventh straight session, plunging 43% from their IPO price of Rs 105 since debuting on July 21.
South Korea halts trading as AI chip selloff batters stocks
South Korea's benchmark Kospi index has witnessed a massive fall of over 11%. The decline has led to a market-wide trading halt for the second consecutive session.
US stops Iranian missiles at Jordan base, Brent hits $87.26
Oil prices climbed 3.8% after a US-Iran military clash, while global chip stocks extended losses, with South Korean giants and US tech firms hit by an AI-driven sell-off.
Generative AI could boost India's labor productivity, Goldman Sachs says
Generative AI could enhance India's labour productivity by 0.4 percentage points annually over the next decade, Goldman Sachs reports.
Nomura says South Korea's Kospi could rebound after 44% plunge
South Korea's Kospi plunged 44% from its June peak, entering bear market territory. Nomura, however, predicts up to 109% upside driven by AI earnings and corporate reforms.
South Korea's KOSPI and Taiwan's TAIEX plunge on AI doubts
South Korea's KOSPI has plunged 40% from its peak, while Taiwan's TAIEX shed 17%, as AI valuation concerns and semiconductor competition intensify.
Adani Group raises ₹43,500cr via rights issue and QIPs
Adani Group has raised Rs 43,500 crore in equity over eight months, with strong mutual fund participation in recent QIPs signaling growing institutional investor interest.
Tata Communications and TTBS launch SMB-focused AI agents in India
Tata Communications is introducing subscription-based AI agents to help India’s small businesses enhance lead conversions, bookings, and customer service.
SEBI proposes MF-PMS to expand access to professionally managed funds
Sebi's consultation paper proposes a new MF-PMS category with lower entry thresholds, capped fees, and operational relaxations, reshaping investor access and industry dynamics.
Flipkart ordered to pay ₹38,990 after selling used Xiaomi phone
A Kerala consumer commission ordered Flipkart to pay Rs 38,990 after delivering a Xiaomi phone with a warranty that started eight months before the buyer received it.
Health Canada approves Biocon's Yesintek autoinjector for Crohn's and psoriasis
Biocon Ltd has received Health Canada's compliance nod for its Yesintek autoinjector, expanding treatment options for plaque psoriasis and other autoimmune conditions in Canada.
Bitcoin edges up 1% to $63,800 amid South Korea selloff
Bitcoin climbed 1% to $63,800 on Wednesday, defying a record two-day 11% sell-off in South Korean chip stocks as crypto decouples from AI-driven equity market volatility.
Japan's Nikkei dips 0.04% as investors await US tech earnings
Japan's Nikkei index fluctuated on Wednesday as AI-related stocks extended losses, while geopolitical tensions and weak global chip performance added to investor caution.
Premarket SK Hynix trade triggers Hyperliquid crash, traders lose $17.4 million
A rogue pre-market trade in SK Hynix shares caused a 20% flash drop in crypto derivatives, wiping out $17.4 million in losses for over 900 traders on Hyperliquid.
AI fuels Asian air cargo pivot to semiconductors and servers
Asia's air cargo industry is witnessing a shift as AI-driven semiconductor shipments replace e-commerce, fueled by multi-year chip orders and booming data center investments.
India's smartphone exports $9.84B in Q1 FY2027 led by iPhones
India's smartphone exports soared to $9.84 billion in Q1 FY27, fueled by record-breaking Apple iPhone shipments and strong demand from the US market.
India's registered investors hit 13.2cr but monthly signups slow
India's registered investor base has surged to 13.2 crore in FY27, nearly five times the FY19 figure, driven by increased financial awareness and digital onboarding across regions.
BuzzFeed cuts 33% of workforce
BuzzFeed, the media giant that was an early adopter of artificial intelligence (AI), has announced a massive layoff.
ITC Infotech becomes 1st adopter of Google Gemini enterprise platform
ITC Infotech partners with Google Cloud to deploy Gemini Enterprise, driving enterprise-wide agentic AI transformation and accelerating innovation across global industries.
Kospi plunges over 11% as SK Hynix reports weak results
South Korea's Kospi index tumbled over 11% Wednesday, triggering a trading halt as disappointing SK Hynix earnings intensified the AI-driven semiconductor stock selloff.
Visa cuts 2,600 jobs
Visa, the world's largest payments network, is planning to lay off nearly 7% of its workforce.
Jio adds 3.33 million active wireless users, nears 499 million
Reliance Jio added 3.33 million active wireless subscribers in June 2026, securing the highest growth among Indian telecom operators, according to TRAI data.
Oil jumps after US and Saudi Arabia airstrikes in Iraq
Crude oil futures surged as US and Saudi forces conducted precision strikes on Iran-backed targets in Iraq, escalating tensions and raising supply disruption concerns.
Ferns N Petals plans IPO by end of 2028
Ferns N Petals, an Indian gifting retailer backed by Lighthouse, is planning to go public by the end of 2028.
Rupee rises amid RBI moves to 95.72 per dollar
The Indian rupee opened 13 paise stronger at 95.72 against the US dollar on Wednesday, marking its third consecutive day of gains amid RBI interventions and fluctuating oil prices.
Netweb Technologies Q1 revenue ₹819.6cr and profit ₹85.3cr surge
Netweb Technologies reported a remarkable 181% jump in net profit to Rs 85.3 crore in Q1 FY26, driven by robust growth in its AI Systems segment contributing 62.29% of revenue.
Indian rupee rises to 95.72 after RBI intervention and inflows
The Indian rupee opened at 95.72 per US dollar, gaining 14 paise from its previous close of 95.86, supported by foreign inflows and RBI intervention for stability.
Reliance Industries revenue up 40.65% but net profit down 25.87%
Reliance Industries' standalone net sales rose 40.65% year-on-year to Rs 163,631 crore in June 2026, showcasing robust operational performance despite a decline in net profit.
Shree Balaji (Mala) Textiles expected to list with 80% jump
Shree Balaji (Mala) Textiles debuts on the BSE SME platform today, with a strong 80% Grey Market Premium (GMP) signaling robust investor enthusiasm and potential listing gains.
Sony temporarily shuts Kumamoto Technology Center after July 28 earthquake
Sony Semiconductor Solutions halted operations at its Kumamoto facility following a July 28 earthquake, with damage assessments currently underway.
Indian markets eye 24,000 as Iran tensions keep traders cautious
GIFT Nifty traded 130 points higher at 24,221.5 on July 29, signaling a gap-up opening for Nifty 50 despite geopolitical tensions and surging crude oil prices.
eBay and former executives pay $55.7 million to settle with Steiners
EBay and three former executives will pay $55.7 million to resolve a lawsuit over a bizarre harassment campaign targeting a Massachusetts couple critical of the company.
Sonos calls India priority market as home theater demand rises
Sonos is intensifying its focus on India as affluent consumers increasingly invest in high-end home theatre systems, driving strong demand for the brand's premium audio products.
Ardee Industries IPO priced ₹50-₹53 public can apply Aug 5-7
Ardee Industries has set its IPO price band at ₹50-₹53 per share, with subscriptions open from August 5 to August 7. Anchor investor allocation is scheduled for August 4.
KOSPI jumps 1.49% as Samsung Electronics fuels market rebound
South Korean shares rebounded on Wednesday as dip buying surged, driven by strong chipmaker earnings and optimism around U.S.-Iran talks, lifting the KOSPI index significantly.
WhatsApp adds browser audio and video calls in gradual rollout
WhatsApp now allows users to make audio and video calls directly from their web browser, enhancing convenience and flexibility for desktop and laptop users.
US retaliation against Iran sends oil over 4% near $87.50
Brent crude surged over 4% to $87.50 per barrel as Middle East tensions reignited fears of energy supply disruptions, reversing its sharp three-day decline since April 2020.
UCO Bank to raise $500 million using RBI concessional swap window
UCO Bank aims to raise $500 million via non-resident deposits and overseas borrowings, leveraging the RBI's concessional foreign currency funding window to lower costs.
Tata Communications, TTBS launch voice AI agents for Indian SMBs
Tata Communications and TTBS are leveraging hyper-personalised AI agents to empower India’s 60 million SMBs with enterprise-grade digital capabilities.
SK Hynix reports 557% operating profit surge but misses expectations
SK Hynix reported a 557% surge in operating profit and 257% revenue growth year-over-year, but both metrics fell short of analyst expectations, with shares reversing initial gains.
Ekart supplies over 1,000 dark stores to expand Flipkart Minutes
Ekart, Flipkart’s logistics arm, is leveraging a unified supply chain to excel in both quick commerce with 10-minute deliveries and traditional e-commerce with 2-day shipping.
Cyera to buy Oasis Security for $1B boosting AI security
Cyera has signed a $1 billion deal to acquire Oasis Security, aiming to enhance cybersecurity for the growing number of AI agents in enterprises.
APSEZ seeks about 63.9% stake in Associated British Ports group
Adani Ports is considering acquiring a 63.9% controlling stake in Associated British Ports, the UK’s largest port operator, to expand its global port network.
SK hynix posts 94 trillion won Q2 net profit surge
SK Hynix reported a staggering 1,242% year-on-year net profit increase in Q2, driven by soaring AI-driven demand for its high bandwidth memory chips.
OpenAI CEO Sam Altman urges temporary slowing of AI development
OpenAI CEO Sam Altman suggests pacing AI advancements to ensure societal readiness, citing a recent security breach and growing concerns over model safety and alignment.
Coursera invests $100 million in LearnVector and takes 1-third stake
Coursera co-founder Andrew Ng launched LearnVector, an AI-driven education startup, with $100 million backing from Coursera to upskill white-collar workers for the AI era.
Javier Medrano sues Tesla in Houston over FSD safety warnings
Javier Medrano, a former Tesla manager, alleges systemic safety failures in the company's Full Self-Driving testing program, citing dangerous staffing ratios and ignored warnings.
Air India to post over ₹1,200 cr Q1 FY2027 loss
Air India's provisional Q1FY27 loss has surpassed ₹1,200 crore, driven by soaring fuel costs and operational challenges like Pakistan's airspace closure.
Larry Ellison and family face $9.8B risk from Paramount deal
Larry Ellison and his family face a $9.8 billion liability if Paramount Skydance’s acquisition of Warner Bros. Discovery fails due to regulatory hurdles.
Unilever calls India central as HUL eyes high single-digit growth
Unilever CEO Fernando Fernandez reaffirmed the company's commitment to investing in India, citing its pivotal role in driving Unilever's growth over the next decade.
Pegasystems bets on outcome-based AI pricing to curb costs
Pegasystems is shifting to outcome-based pricing as enterprises prioritize cost control and ROI over deploying extensive AI agents, says CTO Don Schuerman.
India gets new digital payment fraud watchdog
The Indian government has launched the India Digital Payment Intelligence Corporation (IDPIC) to combat cyber financial frauds.
Delhi HC orders winding up of Paytm Payments Bank
The Delhi High Court has ordered the closure of Paytm Payments Bank Limited (PPBL), a move initiated by the Reserve Bank of India (RBI) after the bank's failure to comply with regulatory norms.
How Musk lost nearly $500B in a month
Elon Musk's net worth has witnessed a massive decline in July, plummeting from about $1.32 trillion to some $832 billion.
India's factory output rises 7.3% in June on manufacturing boost
India's industrial output witnessed a significant jump, growing at a rate of 7.3% year-on-year in June 2026.
Flipkart opens Ekart logistics network to businesses across India
Ekart, the supply chain arm of Flipkart Group, has opened its pan-India logistics network for external businesses.
NPCI working with banks, UPI apps to strengthen user privacy
The National Payments Corporation of India (NPCI) is working with Unified Payments Interface (UPI) apps and partner banks to implement the Digital Personal Data Protection (DPDP) law, according to Moneycontrol.
Flipkart trims stake in Shadowfax
Flipkart has reduced its stake in Shadowfax Technologies Ltd, a logistics solution provider, to 1.52% after selling over 3.37 crore shares through an open market transaction on July 24, according to a stock exchange filing.
Google rivals seek billions in damages after $1B EU fine
Google is facing a new wave of costly lawsuits in Europe, after losing a key case under new EU legislation.
AMD to hire 4,500 employees in India
Advanced Micro Devices (AMD), a leading US-based semiconductor company, has announced plans to expand its workforce in India.
Swiggy appoints ex-Myntra chief Nandita Sinha as Instamart CEO
Swiggy has announced a major leadership change in its quick commerce business, Instamart.
Why IT stocks are rising as AI chip stocks fall
The Indian IT sector has shown resilience amid a global sell-off in chipmakers.
Chinese AI infrastructure supplier Zhongji Innolight raises $6.8B in IPO
Chinese optical components manufacturer, Zhongji Innolight, has raised HK$53.41 billion ($6.81 billion) through its Hong Kong listing.
Indo-MIM IPO allotment today: How to check status online
Indo-MIM's initial public offering (IPO) allotment is likely to be finalized today.
SpaceX loses $1.2 trillion in market value in post-IPO slump
SpaceX has witnessed a massive decline in its market capitalization, losing over $1.2 trillion since hitting a peak price of $225.64 in June.
X Money digital payments service launched in US
Elon Musk's social media platform, X, has launched a new feature called 'X Money.'
Netflix faces lawsuit over executive's firing after team retreat
Kevin Baillie, a former Vice President and Head of Creative at Eyeline Studios, Netflix's visual effects division, has filed a lawsuit against the company.
Johnson & Johnson settles talc cancer lawsuits for $5.5B
Johnson & Johnson (J&J) has agreed to a landmark settlement of $5.5 billion, resolving thousands of lawsuits linking its talc products with ovarian cancer.
South Korea's KOSPI crashes 8% as chip stocks tumble
South Korea's KOSPI index plummeted by nearly 8% on Tuesday, triggering a temporary suspension of program trading.
Air India, Modi government partner to promote Indian tourism globally
The Ministry of Tourism (MoT) has signed a Memorandum of Understanding (MoU) with Air India.
Why HDFC Bank has fined its CEO, CFO ₹1L each
HDFC Bank has imposed a fine of ₹1 lakh each on its Managing Director and CEO Sashidhar Jagdishan, Chief Financial Officer Srinivasan Vaidyanathan, and Group Head-Retail Assets Arvind Vohra.
Why transfer of Ratan Tata's stocks to charity is delayed
The transfer of 3,368 Tata Sons shares owned by the late Ratan Tata to two charitable entities has been delayed.
Indians with ₹100cr+ income touches 5-year high, says Finance Ministry
The number of individuals declaring a gross total income (GTI) of ₹100 crore or more has hit a five-year high in India.
Why specialist deep-tech funds are now spawning in India
India's push for self-reliance in semiconductors, defense, space, and artificial intelligence (AI) is giving rise to a new breed of specialized deep-tech funds.
HCLTech will now cater to small businesses in India
HCL Technologies, India's third-largest IT services company, has launched a dedicated business unit for small and mid-sized companies.
Global IT spending to reach $6.37 trillion in 2026: Gartner
Global IT spending is projected to grow by 14.2% in 2026, reaching $6.37 trillion from $5.58 trillion in 2025, according to a recent report by Gartner.
Centre clears RBI proposal to test ₹10, ₹20 plastic banknotes
The Indian government has approved the Reserve Bank of India's (RBI) proposal to conduct field trials of polymer banknotes in the ₹10 and ₹20 denominations.
Shein swung to $99M loss in Q1. Reason? Donald Trump
Fast-fashion giant Shein, which is headquartered in Singapore but was founded in China, has reported a loss of $99 million in Q1 2026.
Apple negotiating lower prices for iPhone 18 Pro Max display
Apple is negotiating with its display suppliers to lower the prices of OLED panels for the upcoming iPhone 18 Pro Max.
Paytm users can now file ITRs via ClearTax for ₹11
Paytm has teamed up with ClearTax, a tax-filing platform, to provide online income tax return (ITR) filing services via its app.
Tata Sons FY26 profit jumps 22% to ₹31,961cr
Tata Sons has reported a 22% surge in its annual profit for the fiscal year ending March 2026.
How small-ticket loans are driving India's consumption story
India's consumption story is being driven by easy access to credit, with small-ticket consumer loans becoming the preferred financing option for discretionary purchases.
Why China's export curbs threaten $6.5 trillion supply chains
China's recent export restrictions on critical minerals and rare earth elements could endanger an estimated $6.5 trillion worth of annual downstream production outside the country, the International Energy Agency (IEA) has warned.
Deepinder Goyal's Temple doubles valuation to $375M in 5 months
Temple, a wearable tech start-up founded by Deepinder Goyal, the founder of Eternal, has launched an employee stock ownership plan (ESOP) liquidity program.