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Twenty-nine US states sue Meta alleging apps hook children
Meta faces a landmark trial in California over allegations of designing addictive products for children, as public and political scrutiny intensifies against Big Tech practices.
Stanford study: AI-impacted entry-level jobs fell 11% for 22-25-year-olds
A Stanford study reveals a 19% gap in employment opportunities for 22–25-year-olds in AI-exposed jobs, with hiring declines starting after generative AI tools like ChatGPT emerged.
Piyush Goyal announces simpler BIS framework for semiconductors and AI
India plans to simplify BIS certification for high-tech sectors like semiconductors and AI, aiming to boost manufacturing and attract global technology firms.
Sundeep Sikka: nearly $2 billion returned to India stock market
Sundeep Sikka highlights improving Indian market conditions with rising FII inflows but urges caution on AI investments, emphasizing the need for robust fundamentals.
NVIDIA Q2 revenue seen near $92.18B amid Vera Rubin demand
Nvidia's upcoming Rubin chip debut coincides with rising scrutiny over its AI financing strategies, as investors question the sustainability of the ongoing AI spending boom.
Swiggy Dineout enables seated snack orders at Cinepolis, Asian Cinemas
Swiggy Dineout now lets moviegoers at Cinepolis and Asian Cinemas order food via a QR code system, delivering it directly to their seats for enhanced convenience.
RBI's USD-INR forex swap facility attracts inflows worth $73B
The Reserve Bank of India's (RBI) special USD-INR forex swap facility has garnered $72.8 billion in foreign exchange inflows till August 21.
Volkswagen might slash around 140,000 jobs
Volkswagen AG's labor representatives have warned that the company's planned job cuts could affect as many as 140,000 positions.
Bitcoin hits 3-month high of $80,908: What's the reason?
Bitcoin has surged past the $80,000 mark for the first time since mid-May, extending a 23% weekly rally, its biggest in nearly three years.
Naukri survey finds 79% HR leaders expect H2 2026 hiring
Nearly 79% of senior HR leaders predict new job creation in H2 2026, with AI driving roles in IT, marketing, and analytics while posing minimal risk of widespread job losses.
Hindustan Zinc shares down after government 1.5% stake OFS buzz
Hindustan Zinc shares fell nearly 3% on Tuesday as reports surfaced about the government considering a 1.5% stake sale via an offer for sale (OFS).
India's crackdown lowers sugar ex-mill price 18% to ₹55/kg
Ex-mill sugar prices have dropped 18% to ₹55/kg following government actions, including allowing imports and imposing curbs on hoarding, according to Food Secretary Sanjeev Chopra.
Natasha Malpani's Boundless VC closes ₹300 cr 1st fund
Mumbai-based Boundless VC has closed its maiden ₹300 crore fund to support pre-seed and seed-stage startups in AI, robotics, space tech, and frontier technologies.
Industrial Leadership Summit in Pune spotlights AI for business results
Industrial AI is evolving from experimental pilots to strategic boardroom discussions, reshaping product design, operations, and governance across India's industrial enterprises.
Avenue Supermarts plans 1000cr bond sale to fund expansion
Avenue Supermarts, owner of DMart stores, aims to raise Rs 1,000 crore via its largest-ever domestic bond offering to fund capital expenditure and store expansion.
Krishnamurthy V Subramanian says India can reach $55tn by 2047
India can achieve a $55 trillion economy by 2047 through sustained 8% GDP growth, leveraging AI, and dominating sunrise sectors like space and defence, says ex-CEA Subramanian.
BSE and NSE open on Raksha Bandhan August 28 2026
Stock markets, including NSE and BSE, will remain open on August 28 for Raksha Bandhan. Trading across all segments and commodity exchanges like MCX will also be operational.
Indian government launches 6% Hindustan Copper OFS at ₹514
The government initiated its Offer-for-Sale (OFS) of up to 6% stake in Hindustan Copper at a floor price of ₹514/share, opening institutional bidding on Tuesday.
Indian IT firms buy clients' tech arms, land outsourcing deals
Indian IT companies are increasingly acquiring client technology units while securing large outsourcing contracts, a strategic move to counter slowing sector growth.
Tata Steel gets stay on ₹1,755cr Jharkhand demand notice
The Revisional Authority has stayed the ₹1,755 crore demand notice issued to Tata Steel for alleged excess coal mining and admitted the company's petition for further hearing.
Vi shares jump over 8%: What's behind the sharp rally?
Vodafone Idea's stock price surged by over 8% in intraday trade today, August 25. The surge has brought the stock close to its 52-week high of ₹15.34.
Vi shares jump 7.11% amid SBI buzz on ₹45,000 cr
Vodafone Idea shares soared 7.11% to Rs 15.07 as reports suggest the telecom operator is close to securing a significant debt package led by SBI and other public-sector banks.
India IPO market rebounds, 18 of 22 listings gain 25%
India's IPO market rebounded sharply in July-August, delivering an impressive 25% average listing-day gain, with 82% of listings providing positive returns for investors.
Moody's Analytics: AI lift temporary as APAC growth faces inflation
The AI boom is bolstering Asia-Pacific growth, but rising geopolitical tensions and trade disruptions are intensifying inflationary pressures, Moody's Analytics reports.
NVIDIA earnings due Wednesday could shift $280B in market value
Options traders anticipate a $280 billion market value swing for Nvidia after its Q2 earnings report, reflecting a 5.4% implied move, below historical averages.
Augmont Enterprises IPO closes today as GMP stays above 40%
The bidding for Augmont Enterprises' initial public offering (IPO) closes today, August 25.
Delhi HC stays FSSAI bid over ITC Aashirvaad license
The Delhi High Court granted interim relief to ITC, restraining FSSAI from cancelling its food business licence over "100% atta" claims until jurisdictional issues are resolved.
Vodafone Idea shares surge 8% on heavy volume near ₹15.34
Vodafone Idea shares jumped 8% intraday on August 25, nearing their 52-week high of ₹15.34 amid reports of a potential ₹35,000 crore funding from SBI.
India records higher steel output and demand in early FY27
India's steel sector saw a 4.7% rise in finished steel output to 56.2 MT and a 7.9% increase in consumption during April-July 2026, driven by robust domestic demand.
Franklin Templeton and Hashkey launch grBENJI US government liquidity fund
Franklin Templeton partners with Hong Kong's Hashkey to distribute its blockchain-based U.S. Government Liquidity Fund, grBENJI, targeting Asia's digital asset investors.
Server manufacturers warn NVIDIA AI system prices rising over 15%
Samsung and SK hynix are poised to benefit as Nvidia-based AI server prices surge over 15% by 2027, driven by rising memory costs and tight supply dynamics.
TVS Motor's Venu Srinivasan ends 4 year RBI board term
Venu Srinivasan, chairman emeritus of TVS Motor Company, has completed his four-year term as a part-time, non-official director on the Reserve Bank of India’s Central Board.
Smart ring maker Oura plans $3B IPO at $16B valuation
Oura, the innovative smart ring company with offices in San Francisco and Finland, is reportedly gearing up for a US initial public offering (IPO) next month.
India US 10-year yield gap narrows, cutting foreign bond appeal
The India-US 10-year bond yield gap has narrowed to around 210 basis points, reducing foreign investor appeal for Indian bonds and complicating RBI’s monetary policy decisions.
Tempsens IPO allotment today: How to check status online
The allotment of shares for the initial public offering (IPO) of Tempsens Instruments (India) Ltd is likely to be announced today.
Mondelez India pulls Cadbury claims and ads after FSSAI warning
Mondelez India, the maker of Cadbury chocolates, has withdrawn misleading health and nutrient claims from its products following a notice issued by FSSAI.
Volkswagen plans restructuring that could affect 140,000 jobs worldwide
Volkswagen’s restructuring plans could impact up to 140,000 jobs globally, union leaders warn, as CEO Oliver Blume pushes for cost reductions and higher margins.
Pernia's Pop-Up Shop parent PSLL opens ₹680cr IPO Aug 31
Purple Style Labs Ltd, parent of Pernia's Pop-Up Shop, will debut its ₹680 crore IPO on August 31, with proceeds allocated for expansion and marketing initiatives.
RBI raises $72.8B via USD-INR swaps, $65.4B from nonresident Indians
The Reserve Bank of India's FCNR(B) swap facility has mobilised $65.4 billion as of August 21, with Nomura projecting total inflows to reach $80 billion by August-end.
Trump-linked World Liberty Financial gets conditional US approval for bank
The Trump-linked World Liberty Financial has received preliminary approval from the OCC to establish a national bank, aiming to support its USD1 stablecoin operations.
India's $810M rice trade with Iran faces double whammy
India's $810 million rice trade with Iran is facing a double blow, with fresh US sanctions and the UAE's freeze on trade and financial transactions with Tehran threatening to disrupt shipments and payment channels.
Indian government bonds steady as states prepare 201 billion-rupee sale
Indian government bonds remained flat early Tuesday as oil prices showed resilience to new U.S. sanctions, easing concerns for the world's third-largest oil importer.
AM Intelligence orders 9,000 NVIDIA NVL72 systems for Hyderabad
Greenko’s AM Intelligence has ordered 9,000 Nvidia Vera Rubin GPUs to power a 30 MW AI factory in Hyderabad, marking a significant step in global AI infrastructure.
India tweaks sugar import rules: How it affects businesses
The Indian government has revised its rules for duty-free imports of up to 10 lakh tons of raw sugar.
US sanctions 4 India-based firms over Iranian oil trade
The United States has imposed sanctions on four India-based companies for their alleged involvement in trade and procurement networks related to Iranian petroleum and petrochemicals.
Trump purchased shares of Musk's SpaceX this June
US President Donald Trump invested between $15,001 and $50,000 in Elon Musk's SpaceX.
Reliance eyes entry into aluminum industry to take on Adani
Reliance Industries Limited (RIL), led by Mukesh Ambani, is considering a foray into the aluminum industry.
India boosts battery storage to curb 11% summer solar curtailment
India is ramping up investments in battery storage as grid limitations lead to significant solar power curtailments, with 11% of generated energy lost during peak summer months.
Hindustan Copper shares drop 7.2% as government announces 3% OFS
Hindustan Copper shares fell over 7% intraday as the government initiated an Offer for Sale (OFS) to divest up to a 6% stake at a discounted floor price.
Indian rice at year high from African buyers, monsoon concerns
Indian rice export prices hit a one-year high due to rising African demand and concerns over production as below-normal monsoon rainfall threatens the new-season harvest.
India tops Mint emerging markets tracker for 3rd straight month
India retained its top rank in _Mint_’s Emerging Markets Tracker for July, driven by strong stock market gains despite rising inflation and currency depreciation.
Bitcoin climbs to $80,000 as traders buy $2.9 million calls
Traders have wagered $2.9 million on Bitcoin call options, anticipating its price to surpass $82,000 by Sept. 4 following its recent rally to $80,000.
T-Hub partners with Indian Army Central Command on defense tech
T-Hub partners with the Army's Central Command to enable defence start-ups in addressing real military challenges and advancing India's Defence modernisation efforts.
FedEx to invest $150 million in Delhi IGI air cargo hub
FedEx plans to invest $150 million to develop a 2,30,000 sq. ft. air cargo hub at Delhi's GMR Cargo City, enhancing North and East India's global connectivity.
JPMorgan Chase cuts 63 at Jersey City office, 541 total
JPMorgan Chase has announced an additional 63 job cuts in Jersey City, bringing the total layoffs at the facility this year to 541 across five WARN notices.
Rupee slips to 95.7350 on Tuesday as RBI likely intervenes
The Reserve Bank of India intervened in forex markets to stabilize the rupee, as elevated oil prices and sustained corporate dollar demand exert pressure on the currency.
US sanctions Singapore-based Wellbred Capital tied to Mohammad Hossein Shamkhani
The U.S. sanctioned Singapore-based Wellbred Capital and its affiliates, citing ties to Iranian oil magnate Mohammad Hossein Shamkhani, targeting Tehran's global financial network.
TCS buys Porsche's MHP for €320m, creates AI mobility centre
TCS' collaboration with Porsche AG and acquisition of MHP aims to transform AI mobility, providing access to major European automakers and driving growth in the automotive sector.
UBS upgrades Coforge and Mphasis, sets ₹2,400 and ₹2,980 targets
UBS remains cautious on Indian IT, citing AI-driven uncertainties, while upgrading Coforge, Mphasis, and Tech Mahindra to Buy. The brokerage favors Tier-2 firms over larger peers.
India gives 2-month window for duty-free raw sugar imports
India has amended its duty-free raw sugar import rules, granting importers a two-month window from the Bill of Entry date to refine and sell each consignment.
Biocon Biologics wins Japan approval for pegfilgrastim biosimilar, strengthening portfolio
Biocon Biologics has secured marketing approval in Japan for its pegfilgrastim biosimilar, a cancer care drug aimed at reducing infection risks post-chemotherapy.
Nexedge Capital secures $20 million to expand Indian wealthtech operations
New Delhi-based wealthtech startup Nexedge Capital has raised $20 million in its first funding round, led by Mirae Asset Venture Investment and Elev8 Venture Partners.
SK Hynix union narrowly rejects 6.3% wage and bonus deal
SK Hynix workers narrowly rejected a proposed 6.3% pay hike and bonus restructuring, citing concerns over receiving 60% of bonuses in shares amid stock-price volatility.
Enflame Technology to open STAR Market share subscriptions Sept 2, 2026
Enflame Technology, backed by Tencent, will open share subscriptions on September 2 for its nearly $900 million IPO on Shanghai's STAR Market, issuing 43.04 million new shares.
SEBI launches 'Cyber Suraksha' portal to boost market cybersecurity
The Securities and Exchange Board of India (SEBI) has launched a new Cyber Suraksha portal.
Hyundai strike ends with tentative wage deal
Hyundai Motor Company and the union representing its employees have reached a tentative agreement on wages and bonuses.
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.
50% tariff on Canadian steel, cars from January 2027: Trump
US President Donald Trump has announced plans to impose a hefty 50% tariff on Canadian cars, trucks, automotive parts, and steel.
TCS to acquire Porsche's IT arm for €320M
Tata Consultancy Services (TCS) has announced plans to acquire MHP Management-und IT-Beratung GmbH (MHP), a Germany-based management and IT consulting subsidiary of Porsche.
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) in India by December 2026.
Commerce Secretary to visit Latin America, focus on trade ties
Commerce Secretary Rajesh Agrawal will be visiting Latin America from August 24 to 28.