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Yes Bank's Q1 results: Profit jumps 33.7% YoY to ₹1,071cr
Yes Bank has reported a massive 33.7% year-on-year jump in its standalone net profit for the quarter ending June 2026 (Q1 FY27).
Kanpur-based Lohia Corp opens IPO July 23 for existing shareholders
Lohia Corp, a leading technical textile machinery maker, is launching its IPO on July 23, featuring a pure offer for sale of over 2.59 crore shares.
YES Bank profit jumps 34% ₹1,071 cr in June quarter
YES Bank's net profit surged 34% YoY to ₹1,071 crore in Q1 FY27, driven by robust deposit growth and lending. Asset quality improved with lower retail slippages and reduced GNPAs.
Axis Bank names Rajeev Mantri CFO starting September 28, 2026
Axis Bank has named ex-Bandhan Bank CFO Rajeev Mantri as its new finance chief, effective September 28, following Puneet Sharma's resignation last month.
CleanMax MD Kuldeep Jain warns AI centers strain power grids
Kuldeep Jain of CleanMax warns that placing AI data centres near major cities could overburden urban power grids, advocating instead for locations near renewable energy hubs.
YES Bank posts ₹1,071cr Q1 FY27 net profit, up 33.7%
Yes Bank reported a 34% YoY rise in net profit to Rs 1,071 crore for Q1FY27, driven by higher net interest income and improved asset quality despite increased provisions.
Eighth Pay Commission to update pay and benefits for 10 million+
The 8th Pay Commission will evaluate salaries, pensions, allowances, and incentives for over one crore government employees and pensioners before submitting its final report.
PNB's Q1 net profit surges over 300% to ₹5,200cr
Punjab National Bank (PNB) has reported a massive surge in its net profit for the first quarter of fiscal year 2026-27.
Kotak Mahindra Bank's Q1 profit rises 22.5% to ₹5,480cr
Kotak Mahindra Bank has posted a consolidated net profit of ₹5,480.46 crore for the June quarter (Q1 FY27), marking a 22.5% year-on-year growth.
Axis Bank Q1 results: Net profit rises 23% to ₹7,114cr
Axis Bank has reported a 23% year-on-year rise in its standalone net profit for the April-June quarter of FY27.
Apple in talks to settle antitrust lawsuit with US DOJ
Apple is in the early stages of settlement talks with the US Department of Justice (DOJ) over a 2024 lawsuit.
Jensen Huang's leather jacket goes under the hammer for ₹9cr
Jensen Huang, the CEO of NVIDIA, is known for his signature look of black leather jackets.
Why you can't catch a Kuwait Airways flight right now
Kuwait Airways has announced a major change in its flight schedule, owing to the closure of the country's airspace today.
Parag Agrawal's Parallel joins Google Cloud Gemini for business AI
Parag Agrawal's $2 billion AI search startup, Parallel Web Systems, is collaborating with Google to integrate its technology into Google Cloud’s Gemini-powered AI tools.
SpiceJet fined ₹1L for using 'dark patterns' on booking platform
The Central Consumer Protection Authority (CCPA) has imposed a fine of ₹1 lakh on SpiceJet for using "dark patterns" on its flight booking platform.
Apple briefly overtakes NVIDIA as world's most valuable company
Apple briefly surpassed NVIDIA to become the world's most valuable company on Friday, amid investor skepticism about the profitability of rapid AI development and data center investments.
DIIs continue buying spree with ₹9,800cr, FPIs remain net sellers
Domestic institutional investors (DIIs) continued their buying spree for the eighth consecutive session on Friday.
Punjab National Bank Q1 profit up 225% to ₹5,200 cr
Punjab National Bank reported a remarkable over three-fold rise in Q1FY27 net profit to ₹5,200 crore, driven by improved asset quality and robust operating performance.
Netflix acquired Ben Affleck's AI company for $587M
Netflix has confirmed the acquisition of Ben Affleck's artificial intelligence (AI) company, InterPositive, for an estimated $587 million in cash.
Kotak Mahindra Bank Q1 fiscal 2027 profit jumps 22.5% ₹5,480cr
Kotak Mahindra Bank reported a 22.5% YoY rise in consolidated net profit to ₹5,480.46 crore for Q1 FY27, with total income increasing to ₹30,068.60 crore.
Google Pixel, Nothing emerge as India's fastest-growing smartphone brands
Despite the overall decline in India's smartphone market, two brands have emerged as the fastest-growing: Google Pixel and Nothing.
Apple sends legal letters to ex-employees now at OpenAI
Apple has sent preservation letters to around 40 former employees now working at OpenAI.
NVIDIA CEO Jensen Huang's Tom Ford jacket sells for $960,000
A black leather jacket worn and signed by Nvidia CEO Jensen Huang sold for $960,000 at Sotheby’s, far exceeding its pre-auction estimate of $40,000–$60,000.
IIQC 6th edition in Gurugram spotlights AI, alternative data, SIFs
The Indian Institutional Quant Conference 2026 highlighted Agentic AI, alternative data, and Specialised Investment Funds as transformative investment trends.
Boeing can now self-certify its 737 MAX, 787 planes again
The US Federal Aviation Administration (FAA) has granted Boeing the authority to self-certify its entire fleet of 737 MAX and 787 aircraft.
Jio's subscriber base crosses 530M, average revenue per user improves
Reliance Industries Limited's telecom arm, Jio Platforms, has reported a steady improvement in its key operating metrics for the June quarter.
Reliance's oil-to-chemicals business revenue jumps 30% as crude prices surge
Reliance Industries Limited (RIL) has reported a 30.4% year-on-year (YoY) increase in revenue from its oil-to-chemicals (O2C) business for the first quarter of FY27.
Gold down 3.4% amid U.S.-Iran tensions and oil price rise
Gold prices see their steepest weekly drop in six weeks, prompting strategic buying as US-Iran tensions fuel inflation concerns and impact global markets.
Alphabet and Intel earnings to steer US AI market sentiment
Alphabet and Intel's upcoming earnings reports are set to influence the AI-driven market rally as U.S. corporate earnings season intensifies.
Supreme Court orders sale and Jet Airways auctions 3 737s
Three grounded Jet Airways Boeing 737 aircraft, with reserve prices ranging from ₹4.93 crore to ₹90.02 crore, will be auctioned on Saturday.
FAA restores Boeing self certification for 737 MAX and 787
The FAA has reinstated Boeing's authority to certify its 737 Max and 787 aircraft after months of joint safety reviews, citing confidence in the company's airworthiness checks.
Tata Electronics hit by cyberattack leaking Apple and Tesla files
Tata Electronics has adopted Mandiant's recommendations after a cyberattack exposed client data, including Apple and Tesla-related projects.
ServiceNow wants to be AI control tower focused on governance
ServiceNow's Kulmeet Bawa emphasizes that effective governance, orchestration, and security of AI agents are critical for enterprises to thrive in the evolving AI landscape.
SEBI's AI detects front-running in PMS, Manoj Kumar says
Sebi's AI tools have identified emerging front-running patterns in the portfolio management services (PMS) industry, previously thought to be confined to mutual funds.
India's EPFO working on universal pension scheme for all workers
The government is developing a contributory pension scheme under EPFO 3.0 to include unorganised sector workers, gig workers, and higher-wage earners in social security coverage.
India's smartphone market falls 10% YoY as budget phones slump
India's smartphone shipments fell 10% year-on-year in Q1, marking the steepest quarterly decline in three years, driven by weak demand in the mass-market segment.
Memory chip cost surge raises Indian phone prices, shipments fall
India’s smartphone market faces a steep decline as rising memory chip costs, driven by AI demand, push handset prices higher, reshaping consumer behavior and brand strategies.
Agility Robotics opens Fremont facility to train Digit for workplaces
Agility Robotics is opening a 60,000-square-foot facility in Fremont, California, near Tesla's Optimus factory, to train its humanoid robots for real-world applications.
IDBI launches FCNR(B) SOD with 12x structured loan for NRIs
IDBI Bank has introduced a leveraged FCNR(B) deposit scheme, offering up to 16.2% annual returns and dollar deposit rates of up to 6.60% for high-value investments.
SMI at Manipal hosts Fintech conference on design in Bengaluru
Srishti Manipal Institute hosted a global conference on design-led FinTech innovation, where PFRDA chairperson unveiled AI-driven plans to enhance NPS onboarding.
SpaceX shares fall to $124, Elon Musk worth $797 billion
SpaceX's stock has plummeted over 40% since its June IPO peak, erasing $1 trillion in value and dropping below its initial offering price of $135 per share.
India nearly doubles gold and silver jewelry duty drawback rates
The Centre has nearly doubled duty drawback rates for gold and silver jewellery exports, aiming to boost competitiveness amid rising input costs and global uncertainties.
Zee Entertainment plans to sell 49% stake in music division
Zee Entertainment Enterprises Ltd. (ZEEL) is considering selling a 49% stake in its music division, Zee Music.
Wells Fargo to cut more jobs as AI boosts efficiency
Wells Fargo, one of the leading US banks, is set to reduce its workforce further.
Zepto may slash IPO valuation amid investor concerns
Indian fast-delivery company Zepto Ltd. is looking to lower its initial public offering (IPO) valuation, amid concerns over cash burn and profitability, according to Bloomberg.
Chinese brands lose grip on Indian smartphone market
China's leading smartphone manufacturers have witnessed a major decline in the Indian market during the April-June quarter.
EPFO working on universal PF scheme for gig, self-employed workers
The Employees' Provident Fund Organisation (EPFO) is said to be working on a universal provident fund (PF) scheme, according to The Times of India.
Tata Electronics to build India's 1st semiconductor wafer plant
Tata Electronics, a subsidiary of the Tata Group, is preparing to set up India's first large-scale semiconductor wafer manufacturing facility.
Sensex jumps 965 points, Nifty tops 24,300 on IT rally
Indian benchmark indices, Sensex and Nifty, witnessed a massive rally on Friday.
Ex-Meta employees sue company over AI-driven layoffs, allege discrimination
Meta is facing a federal lawsuit from 26 former employees, who have accused the company of using AI-powered metrics to unfairly target workers for layoffs.
PayPal rejects $53B takeover bid from Stripe-led group
PayPal has rejected a $53 billion takeover bid from rival payment processor Stripe and private equity firm Advent International, according to Reuters.
Jio Platforms to begin IPO roadshow next week
Jio Platforms, the digital services subsidiary of Reliance Industries, will begin marketing for its proposed initial public offering (IPO) next week, according to Mint.
Volkswagen workers set to grill CEO over restructuring plans
Volkswagen's works council has announced plans for special staff assemblies with CEO Oliver Blume in August, according to Reuters.
Government may charge big businesses on UPI payments above ₹2,000
The Indian government is mulling the reintroduction of a Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions for large merchants.
Uber to acquire Germany's Delivery Hero for $14.8B
Uber has announced its acquisition of German food delivery company Delivery Hero for $14.8 billion.
Over 4,500 Google workers seek layoff protections amid AI push
Google employees have filed a petition seeking layoff protections amid the ongoing artificial intelligence (AI) boom.
Verizon cuts 3,000 jobs, sells 274 stores
Verizon, a leading US telecom giant, is going through a massive restructuring of its retail business.
Zepto launches ₹99/month Club membership with cashback, priority delivery perks
Zepto, the popular quick-commerce platform, has launched an invite-only paid membership program called Zepto Club.
Buffett says Bill Gates' association with Epstein was 'distasteful'
Billionaire investor Warren Buffett has expressed his disapproval of Microsoft co-founder Bill Gates' association with Jeffery Epstein, a convicted sex offender.
SBI Funds IPO crosses 40x subscription on final day
The initial public offering (IPO) of SBI Funds Management has witnessed a stellar response on its final day of bidding.
China now more favorable than US: Study
A new study by the Pew Research Center has revealed a major shift in global opinion, with China being viewed more favorably than the US in several countries.
Centre tightens exit rules for ISRO scientists amid growing resignations
The Indian government has tightened its resignation policy for scientists at the Indian Space Research Organization (ISRO).
TSMC to invest additional $100B in US chipmaking
Taiwan Semiconductor Manufacturing Company (TSMC), a leading player in the global chip industry, has announced its plan to invest an additional $100 billion in expanding its manufacturing capacity in the United States.
Apple eyes AI chip start-ups to reduce reliance on NVIDIA
Apple is on the lookout for chip start-ups to bolster its artificial intelligence (AI) server capabilities, according to The Information.
Why IT stocks are rallying today
IT stocks have witnessed a strong comeback in today's session, breaking their two-day losing streak.
MSCI India rejig may attract $2.3B foreign inflows
The upcoming rebalancing of the MSCI India Standard Index, due on August 12 after market hours, could see the addition of up to 12 new stocks.
Centre raises diesel, ATF export duties
In response to rising global crude oil prices, India has increased the windfall taxes on diesel and aviation turbine fuel (ATF) exports by ₹7 per liter each.
Ex-RBI Governor Raghuram Rajan gets key US Fed advisory role
Former Reserve Bank of India (RBI) governor Raghuram Rajan has been appointed to a key role in the US Federal Reserve's reform initiative.
SpaceX's stock falls below IPO price for 1st time
SpaceX's shares have fallen below their initial public offering (IPO) price for the first time.
South Korea raises interest rates for first time since 2023
South Korea's central bank, the Bank of Korea (BOK), has raised its key interest rate for the first time in over three years.
Musk just bought a power company for $1B
Elon Musk has acquired APR Energy, a Jacksonville-based company that operates mobile gas and diesel turbines with over 1GW of generation capacity.
Hyundai to take full control of Boston Dynamics
Hyundai Motor Group has announced its plan to acquire the remaining stake in Boston Dynamics from SoftBank Group.
JPMorgan Chase to become 1st $1T bank in the world
JPMorgan Chase is on the verge of becoming the first bank in history to be valued at $1 trillion.