Business News
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Gold hits highest in more than 2 months then slips
Gold prices fell 0.6% Thursday as investors took profits following a US Treasury liquidity-support announcement, which had earlier driven gold to its highest since June 2.
US Treasury doubles bond buybacks after 30-year yield spike
The US Treasury has doubled buybacks of longer-dated bonds to $4 billion per operation, aiming to ease liquidity pressures after 30-year yields hit a 19-year high.
Volkswagen eyes Indian partner by FY27 after FY26 sales doubled
Volkswagen is in advanced discussions with JSW for a joint venture, aiming to scale operations and share investment risks in India's growing passenger vehicle market.
Rapido launches Marathi training for Maharashtra bike auto cab drivers
Rapido launches dedicated YouTube channels to help its Bike, Auto, and Cab Captains in Maharashtra learn Marathi, addressing the state's mandatory language requirement for drivers.
Turtlemint jumps 5% after Jefferies 'buy' call with ₹190 target
Jefferies initiated coverage on newly listed Turtlemint Fintech, projecting a 37% upside with a "buy" recommendation and a price target of ₹190 per share.
Ashish Kacholia's Credent Connect N Care lists on NSE SME
Credent Connect N Care shares debuted on NSE SME at ₹359.10, a 90% premium over the issue price of ₹189, and quickly hit the upper circuit at ₹377.05.
Strides Pharma shares rise after Bengaluru plant clears FDA inspection
Strides Pharma shares rose 7.5% after its Bengaluru facility received USFDA's Establishment Inspection Report, signaling the successful closure of a May 2026 inspection.
Samsung to return over 100 trillion won, allocating 50% FCF
Samsung Electronics is reportedly preparing a shareholder return plan exceeding 100 trillion won ($72 billion), focusing on cash dividends and utilizing 50% of its free cash flow.
Ether surges 18% past $2,250 as Bitcoin crosses $69,100
Ether surged 18% to $2,250 in 24 hours, leading a broad crypto rally, while bitcoin climbed nearly 8%, topping $69,100 amid improved market liquidity and bullish sentiment.
Credent Connect N Care lists today on NSE SME
Credent Connect shares are set to list on the NSE SME platform today, with a grey market premium (GMP) indicating a potential 49% listing gain over the issue price of Rs 189.
Glenmark shares gain after FDA clears generic Flonase for US.
Glenmark Pharmaceuticals shares gained 1.43% after receiving US FDA approval for its Fluticasone Propionate Nasal Spray, expanding its respiratory portfolio in the U.S. market.
Sensex jumps nearly 555 points as Nifty crosses 24,200
The BSE Sensex surged 554.88 points to 77,464.56, while the Nifty reclaimed 24,200 as gains in IT and financial stocks boosted market sentiment early Thursday.
Sensex jumps 500 points as Nifty crosses 24,200 on Thursday
Sensex climbed 500 points, and Nifty surpassed 24,200 as Asian equities rallied on easing bond yields. Foreign institutional investors contributed with Rs 407 crore net buying.
Sensex up 486.02 points as Nifty crosses 24,200 mark
Indian markets opened higher on August 20, with Sensex rising 486 points and Nifty reclaiming 24,200, driven by gains in IT and banking stocks amid easing US bond yields.
South Korea's KOSPI rebounds 6.3% as chip stocks trigger curbs
South Korean shares soared over 6% on Thursday, led by a sharp rebound in chipmakers like SK Hynix and Samsung Electronics following the previous session's steep selloff.
India's GCCs handle advanced tech, AI talent doubling by 2026
India's GCCs are transitioning from execution hubs to strategic centres, driving AI innovation, advanced tech mandates, and reshaping workspaces and talent dynamics.
SK Hynix announces 40 trillion won buyback shares jump 13%
SK Hynix plans to add at least $130 billion in shareholder returns through 2027, following its record-breaking $29 billion stock buyback announcement.
RBI expects at least $80B from 3 FX swap schemes
India anticipates at least $80 billion in foreign currency inflows through RBI's forex swap schemes, boosting reserves and strengthening the country's external financial position.
Indian banks raised $4 billion as RBI seeks rupee stability
Indian banks have raised $4 billion through global bond issuances between June and August 2026, with strong international investor interest expected to sustain this trend.
Indian rupee opens at 95.57 per dollar, crude above $91
The Indian rupee strengthened by 19 paise to 95.57 per dollar on August 20, as the U.S. dollar hit a three-month low following Treasury bond market measures.
SEBI plans rules to lower upfront cash, attract foreign investors
India's market regulator SEBI plans sweeping rule changes, including reduced collateral demands and longer-term derivatives, aiming to reverse foreign capital outflows.
Lalithaa Jewellery Mart IPO allotment expected today, check MUFG Intime
The Lalithaa Jewellery Mart IPO allotment is set to be finalized today, August 20. With a strong GMP of 27%, investors can check their status online via multiple platforms.
Ackman and Oxman donate nearly $400 million for neuroscience center
Bill Ackman and Neri Oxman are donating 10 million Pershing Square shares, worth nearly $400 million, to establish the Ackman Oxman Institute for brain research and rehabilitation.
Japan exports jump 23.2% in July fastest since Oct 2022
Japan's exports surged 23.2% in July, driven by strong demand for semiconductors and cars, alongside a weakened yen boosting competitiveness in global markets.
Oil prices climb after President Trump imposes new Iran sanctions
Brent crude surpassed $92 per barrel as oil prices rose for the fifth consecutive session following President Trump's intensified economic measures against Iran.
Donald Trump urges Fed to cut interest rates, calls politicized
US President Donald Trump called on the Federal Reserve to reduce interest rates, criticizing its inflation concerns and linking rate hikes to political motives.
Gold at $4,512.19 hits highest since June, Treasury yields fall
Gold prices neared a two-month peak as U.S. Treasury liquidity measures pushed bond yields and the dollar lower, boosting gold's appeal amid inflation concerns.
Oil prices steady amid U.S.-Iran conflict and market caution
Oil prices stabilized on Thursday as investors evaluated the impact of the U.S.-Iran conflict and disruptions to shipping through the critical Strait of Hormuz.
US national debt tops $40 trillion after $1 trillion rise
The US national debt has surpassed $40 trillion for the first time, driven by rising deficits, defence spending, and economic policies under multiple administrations.
Zerodha to integrate mutual funds into its Kite trading app
Zerodha plans to integrate mutual fund investments into its popular Kite app, addressing user demand for a unified platform for equity and mutual fund investments.
ET Startup Awards shortlist spotlights 'Woman Ahead' women founders
Six trailblazing women CEOs, driving innovative ventures across diverse industries, compete for the prestigious Woman Ahead award at the ET Startup Awards 2026.
ONGC and Indian Oil launch MC2 Foundation with 70-80 cr
India's oil and gas PSUs are uniting under the MC² Foundation, committing Rs 70-80 crore initially and launching an accelerator with IIT Madras to support energy deeptech startups.
Bengaluru-based quick commerce Peeko raises $7 million led by Chiratae Ventures
Peeko, a rapid delivery platform for babycare products, has raised $7 million led by Chiratae Ventures to expand operations, enhance technology, and scale its team.
India's SEBI seeks simpler, cheaper listing route for SMEs
Sebi plans a comprehensive overhaul of IPO regulations for SMEs, focusing on reducing costs and improving market-making and underwriting systems.
Paramount CEO Ellison mulls Austin move amid $110B merger
Paramount CEO David Ellison is considering Austin, Texas, as a potential new base for the entertainment giant amid an ongoing $110 billion antitrust clash in California.
Bitcoin hits $70,000 after US crypto policy and Treasury liquidity
Bitcoin surged to $70,000 on Wednesday, driven by President Trump's push for crypto legislation and increased Treasury market liquidity, before retreating below the milestone.
Rillet raises $100 million Series C, now valued at $1B
AI accounting startup Rillet secured $100 million in Series C funding led by Iconiq, achieving a $1 billion valuation just two years after emerging from stealth in 2024.
European Central Bank warns US AI correction could hit Europe
The European Central Bank cautions that an impending US-driven AI market correction could have widespread financial and economic repercussions across Europe and beyond.
Anthropic overtakes OpenAI in Q2 2026 revenue for 1st time
Anthropic surpassed OpenAI in quarterly revenue, reporting $11.6 billion in Q2 2026 compared to OpenAI's $6.7 billion, marking a pivotal shift in their competitive rivalry.
India faces $1.3 trillion to $1.5 trillion generational wealth transfer
India is poised for a $1.5 trillion intergenerational wealth transfer by 2034, driving family offices to adopt institutionalized governance and diversified investment strategies.
Karnataka raises pension income cap to ₹1.2L, adds 20L beneficiaries
The Karnataka government has increased the annual income ceiling for social security pensions from ₹32,000 to ₹1.20 lakh, benefiting over 20 lakh people across various categories.
Reliance Industries to build India's 1st Eluru UCG plant, ₹2.73L/cr
Reliance Industries plans to invest ₹2.73 lakh crore over 30 years to develop India’s first integrated Underground Coal Gasification complex in Andhra Pradesh’s Eluru district.
RBI allows LIC to boost HDFC Bank stake to 9.99%
The Reserve Bank of India has approved Life Insurance Corporation of India to increase its stake in HDFC Bank from 4.11% to up to 9.99%, subject to regulatory compliance.
Copper sees price correction: What it means for India
Copper prices have witnessed a major correction today, their biggest single-day fall in over three weeks.
SEBI to let NRIs complete investment KYC digitally from abroad
The Securities and Exchange Board of India (SEBI) is looking to simplify the process of investing in Indian financial markets for Non-Resident Indians (NRIs).
Union Cabinet clears ₹13,041 crore rail and road projects
The Union Cabinet has approved five infrastructure projects worth ₹13,041 crore.
CRED launches Circle for paid advice from experienced peers
CRED has launched a new platform, Circle by CRED, to connect its users with people with relevant professional or personal experience in various fields such as careers, finance, wellness, and relationships.
Zepto won't offer you free delivery for orders below ₹199
Zepto, a leading player in the quick commerce industry, has increased its minimum order value (MOV) for free delivery from ₹149 to ₹199.
Why foreign inflows in Asian bonds have hit 4-month low
Foreign investment in major Asian bond markets fell to a four-month low in July, according to Reuters.
Groww-rival Upstox wants to raise $400M via IPO in India
Upstox, one of India's leading online trading platforms and backed by Tiger Global Management LLC, is said to be planning an initial public offering (IPO).
Disney sues Trump administration over 'ABC' censorship
Disney has filed a lawsuit against the Federal Communications Commission (FCC) and its Chairman Brendan Carr.
Indian flights cannot use Pakistan's airspace until September 24
Pakistan has extended its airspace closure for Indian aircraft until September 24, the country's airports authority announced today.
Amazon fined ₹1L for selling fake Ram Mandir prasad
Amazon Seller Services Private Limited has been fined ₹1 lakh by the Central Consumer Protection Authority (CCPA), for allowing the sale of ordinary sweets as 'Shri Ram Mandir Ayodhya Prasad' on its platform.
Why SpiceJet has been fined ₹15L by NCLT
The National Company Law Tribunal (NCLT) has slapped a fine of ₹15 lakh each on SpiceJet and aircraft lessor Aviator ML 29641 Ltd.
Tata's Starlink rival might offer services in India by 2028
Tata Group-backed satellite communications provider Nelco is gearing up to enter the direct-to-device (D2D) satellite connectivity market.
Ex-Air India chief Campbell Wilson joins Air New Zealand board
Air New Zealand, the country's national carrier, has announced the appointment of former Air India CEO and managing director Campbell Wilson and ex-CFO Robert McDonald as directors on its board.
Global investment firm KKR buys a stake in BookMyShow
Global investment firm KKR has agreed to acquire a minority stake in BookMyShow, an Indian entertainment and ticketing platform.
Shiprocket shares list 35% above IPO price
Shiprocket, a leading e-commerce shipping and logistics platform, made a stellar debut on the Indian stock exchanges today.
Behari Lal shares debut at 63% premium over IPO price
Behari Lal Engineering, a Punjab-based iron and steel manufacturer, made a stellar debut on the stock exchanges today.
Trump pauses 50% tariffs as US, Canada reach trade deal
US President Donald Trump has announced a temporary suspension of the 50% tariffs on Canada.
Chinese humanoid robot maker Unitree soars 629% in IPO debut
Unitree Robotics, a leading player in the humanoid robot industry, has witnessed a staggering 629% surge in its share price on debut.
Visa brings new premium card tiers for affluent Indian customers
Visa has expanded its premium card portfolio in India with the launch of two new tiers: Visa Infinite Privilege and Visa Infinite Private.
This is the most employable state in India
The India Skills Report 2026 has revealed that Uttar Pradesh (UP) is the most employable state in the country, with an impressive employability rate of 78.6%.
Why Modi government may scrap 100% duty on sugar imports
India, the world's second-largest sugar producer, is mulling a cut in its import duty on sugar.
Nifty 50 firms post 10-quarter high profit growth
India's Nifty 50 companies have reported an impressive average profit growth of 18% in the June quarter, a 10-quarter high.
NSE targets $55B valuation in upcoming IPO
The National Stock Exchange (NSE) is eyeing a valuation of up to $55 billion for its upcoming initial public offering (IPO). The move could make it one of India's largest market listings.
Tata Sons AGM adjourned for 1st time in history
The annual general meeting (AGM) of Tata Sons, the holding company of India's biggest conglomerate, has been adjourned due to a lack of quorum.
Uber now lets you book train tickets in India
Uber has introduced a new feature on its app in India, allowing users to book train tickets.
Google buys data of bankrupt airline to train AI models
Google has acquired a trove of internal business data from bankrupt Spirit Airlines for $10 million.
Gold, silver prices down 1% today: Here we decode why
Gold and silver prices have witnessed a decline of up to 1% in early trading today.
India to tweak FDI rules: How will it affect businesses?
The Indian government is reportedly planning to revise its foreign direct investment (FDI) rules.
Modi government's latest move threatens domination of 'Big Four' consultants
The Indian government's Finance Ministry has issued a memorandum that could change the game for government consultancy contracts.
Axis Bank revises credit card rules: How they affect you?
Axis Bank has announced a revision in its credit card terms and conditions, effective from August 28.
Your phone bills might go up by 10-12% soon
India's telecom sector is gearing up for a fresh wave of tariff hikes, with an expected increase of 10-12% in the next three to six months.
Why Noel Tata plans to meet RBI before August-end
Noel Tata, Chairman of Tata Trusts and representing the majority shareholding in private company Tata Sons, is likely to meet Reserve Bank of India (RBI) officials before this month ends.
Anthropic's revenue run rate soars to $65B
Anthropic's annualized revenue run rate has surpassed $65 billion, a massive jump from the $47 billion it reported in May and an even more impressive leap from around $9 billion at the end of 2025.
Oil prices cross $91 as US-Iran ceasefire ends
Oil prices rose on Tuesday after the end of a fragile US-Iran truce.
Meet Shabnam Sinha, World Bank-veteran named Airtel Payments Bank chief
Airtel Payments Bank has announced a major leadership change, with Shabnam Sinha set to take over as chairperson from October 1, 2026.
Festive season to generate 2.7L temporary, gig jobs in India
India's upcoming festive season is set to generate between 2.5 lakh and 2.7 lakh temporary and gig jobs, a report by Adecco India has said.
Jio Prime membership relaunched in India: What are the benefits?
Reliance Jio has relaunched its popular Jio Prime membership in India, but with a new focus.
India's unemployment hits 4-month low of 5.1% in July
India's unemployment rate has dropped to a four-month low of 5.1% in July, according to the latest Periodic Labour Force Survey (PLFS) data released by the Ministry of Statistics and Programme Implementation.
Sugar prices rise, making mills favor sugar over ethanol
A surge in sugar prices has led Indian mills to prioritize sugar production over ethanol, as per their quarterly earnings calls earlier this month.
CAS here to stay, SEBI says as it reviews concerns
The Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey has said that the Closing Auction Session (CAS) is here to stay.
Airlines not following fare rules could be grounded: Supreme Court
The Supreme Court has warned that airlines not complying with the Indian government's fare directions could be grounded.
SpiceJet just settled a ₹60cr payment dispute with aircraft lessor
SpiceJet has settled a payment dispute of around ₹60 crore with aircraft lessor Aviator ML.
This Temasek-backed renewable energy company plans $500M IPO in India
Temasek Holdings-backed renewable energy firm, Sembcorp Industries is gearing up to file for an initial public offering (IPO) of its Indian subsidiary, Sembcorp Green Infra Ltd.
China's economy loses momentum as industrial output slows
China's economic recovery appears to be losing momentum in July, with industrial output growth slowing and retail sales rising less than expected.
Gold might hit $4,600 mark by end of August
Gold and silver prices could continue their upward trend as a weaker US dollar and a more dovish Federal Reserve are expected to boost demand for these precious metals.
BSE shares down nearly 5% today: Here we decode why
Shares of BSE Ltd fell by nearly 5% today, hitting a day's low of ₹3,296 on the NSE.
High-powered banking committee for 'Viksit Bharat' on the way: Sitharaman
Finance Minister Nirmala Sitharaman said the government is expected to announce a high-powered committee on banking for 'Viksit Bharat.'
US to become India's largest LPG supplier, says OPEC
The United States is poised to become India's largest liquefied petroleum gas (LPG) supplier, overtaking the Middle East Gulf (MEG).
SHEIN targets $25B IPO valuation, down from $100B
SHEIN, the Singapore-headquartered online fast-fashion retailer known for its affordable clothing, is planning to launch its long-awaited initial public offering (IPO) later this week.
Nestle plans new products tailored for weight-loss drug users
Nestle is developing new products specifically for users of GLP-1 weight-loss drugs, such as Ozempic and Wegovy.
India's life insurance coverage grows, but low-value policies still dominate
India's life insurance policy landscape has evolved over the last five years, with a noticeable shift toward higher sum assured categories.
Indian government bonds see decline today: What's the reason?
The demand for Indian government bonds witnessed a decline today, following the Reserve Bank of India's (RBI) unexpected early closure of its concessional swap window for foreign-currency deposits.
KFC denies serving stale chicken at outlet in Karnataka
KFC has responded to allegations of serving stale chicken at its Mangaluru outlet.
RBI proposes guidelines for floating-rate loans: How they affect you?
The Reserve Bank of India (RBI) has proposed a new set of guidelines to protect borrowers with floating-rate loans from changes in interest rate benchmarks.
How Reliance-Rolls-Royce pact could transform India's defence sector over 15-years
Reliance Industries and British aerospace giant Rolls-Royce have teamed up to develop an indigenous combat aircraft engine for India's Advanced Medium Combat Aircraft (AMCA) program.
RBI closing special foreign currency deposit window on August 31
The Reserve Bank of India (RBI) has advanced the closure date for its special Foreign Currency Non-Resident (Bank) [FCNR(B)] deposit scheme.
Gold rises toward $4,400 as US rate hike fears ease
Gold prices witnessed a slight increase on Monday, thanks to a weaker dollar and new economic data from the US.
India's quick commerce market crosses 9M daily orders
India's quick commerce industry has hit a major milestone, crossing nine million daily orders.
India plans ₹10,000cr waterway network to boost logistics
India is gearing up to expand its inland waterways network with a massive investment of over ₹10,000 crore, as per a Mint report.
OpenAI disbands team assessing AI model risks
OpenAI has disbanded its preparedness team, a group that assessed the risk levels of its artificial intelligence (AI) models.
Alibaba sells gaming unit to focus on AI, cloud computing
Alibaba Group Holding Ltd. has agreed to sell its gaming division, Lingxi Games, in a deal worth at least $1.5 billion. The buyer is Asian private equity firm Trustar Capital.
Dhoot Transmission shares debut at 38% premium over IPO price
Dhoot Transmission made a strong debut on the stock market today.
Stripe to acquire AI start-up OpenRouter for $7B
Stripe, the leading payment processor, has finalized an agreement to acquire OpenRouter, a start-up specializing in artificial intelligence (AI) model switching, according to Bloomberg.
Oil nears $90 as US-Iran peace talks stall
Oil prices rose in early Asian trading on Monday, with Brent crude futures increasing to nearly $90 per barrel.