Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
SEBI readies AI rules with human oversight for capital markets
Sebi plans to release new guidelines for AI use in capital markets, focusing on investor protection and accountability, according to Chairman Tuhin Kanta Pandey.
Foreign investors pour 84,290cr into Indian equities Nov 2-13
Foreign portfolio investors injected Rs 84,290 crore into Indian equities over nine sessions in early November, reversing two months of heavy selling.
United States diesel prices fall to $5.998 per gallon
US diesel prices have dipped below $6 per gallon, offering relief after a surge caused by global oil supply disruptions. The national average now stands at $5.998 per gallon.
Thomas Kurian considered for NVIDIA CEO after Jensen Huang allegations
Thomas Kurian, born in Kerala, India, is the CEO of Google Cloud and a potential candidate for Nvidia's CEO role. He previously held a senior position at Oracle.
Eternal reconsiders switching to 100% electric delivery fleet by 2030
Eternal is reconsidering its 2030 deadline for a fully electric delivery fleet due to rapid business growth and evolving electric vehicle policies.
Piyush Goyal in Egypt urges ElSewedy Electric invest in India
Commerce and Industry Minister Piyush Goyal met with Ahmed ElSewedy, CEO of ElSewedy Electric, to explore investment opportunities in India's growing market.
Why JPMorgan's card chief Allison Beer has quit
Allison Beer, the head of JPMorgan Chase & Co's credit card business, is leaving the company for an "external opportunity."
Planning to visit bank? Check holidays between November 16-22
Public and private sector banks, including the State Bank of India (SBI) and HDFC Bank, will observe three holidays from November 16-22.
Bitcoin falls to 4-month low: Here we decode why
Bitcoin, the world's largest cryptocurrency, has hit a four-month low amid heavy liquidations of leveraged positions.
How Telangana's new welfare rules will benefit gig workers
The Telangana government has introduced the "Telangana Platform-Based Gig Workers (Registration, Social Security and Welfare) Rules, 2026."
Goldman Sachs forecasts India growth 7.2% versus China 4.5% 2027
Goldman Sachs forecasts India's GDP growth at 7.2% in 2027, surpassing China's projected 4.5%, while global growth remains modest at 2.8%.
Commodities outlook hinges on Kevin Warsh NVIDIA earnings Iran tensions
Commodity markets are closely monitoring Federal Reserve signals, Nvidia's earnings, and geopolitical tensions with Iran as key factors influencing price movements.
Anthropic seeks gas supply and transport lead offering $405,000 salary
Anthropic is offering up to $405,000 annually for a "Gas Supply and Transport Lead" to secure natural gas for its AI data centres across North America.
India's semiconductor industry to create 100,000+ jobs in 3 years
India's semiconductor industry is set to create over 100,000 jobs in three years, driven by a shift towards high-value engineering and design roles.
US and China hold video talks on $60B tariff cuts
China and the United States are negotiating a reciprocal tariff-reduction plan, each targeting $30 billion in goods, ahead of a Trump-Xi summit in Shenzhen next week.
Anthropic gives $500,000 for San Francisco meals and shelter
Dario Amodei's Anthropic pledges $50 million to Bay Area nonprofits, starting with a $500,000 donation for free meals and shelter in San Francisco.
Global oil supplies resilient as prices fall almost 25%
Global oil supply remains robust, with production increases from Saudi Arabia and others offsetting disruptions near the Strait of Hormuz, keeping prices below $90 a barrel.
Tamil Nadu targets $72B exports and $1.5T economy by 2036
The Tamil Nadu Investment Promotion Commission held its inaugural meeting, focusing on boosting exports to $72 billion and expediting new industrial policy preparations.
Google invests $1M in creator economy and micro-drama start-up Rigi
Google has invested ₹10 crore ($1.07 million) in Rigi, an India-based creator economy start-up.
Foreign investors pour over ₹76,000cr into Indian equities this month
Foreign portfolio investors (FPIs) have invested a net ₹76,188.75 crore into Indian equities so far in November.
Patanjali Foods Q2 profit falls 19% YoY to ₹420cr
Patanjali Foods has reported a consolidated net profit of ₹419.76 crore for the July-September quarter of FY27, a nearly 19% decline year-on-year from ₹517 crore in the same period last year.
Coal India subsidiary plans to raise ₹9,500cr via IPO
Mahanadi Coalfields Ltd (MCL), a wholly-owned subsidiary of Coal India, has filed its Red Herring Prospectus (RHP) for an initial public offering (IPO).
Binance will restore withdrawals for all by next week
Binance, the world's largest cryptocurrency exchange, has announced its plan to restore withdrawals for all remaining networks and assets by the end of next week.
Jensen Huang's namesake says controversy has boosted his AI business
Jensen Huang, a 24-year-old Singapore-based software engineer and founder of AI start-up Lycana, has been mistaken for NVIDIA co-founder Jensen Huang for years.
Over 1.24L telecom connections blocked or disconnected in July-September: TRAI
The Telecom Regulatory Authority of India (TRAI) has taken strict action against over 1.24 lakh telecom connections, including mobile numbers, in the July-September quarter of this year.
Anthropic's IPO drawing strong interest, surpasses SpaceX's early demand
Anthropic's roadshow is underway and will continue till next Wednesday. The AI company's $64 billion initial public offering (IPO) is already drawing significant interest from institutional investors.
Jensen Huang's exit from NVIDIA could disrupt start-up ecosystem
Jensen Huang, the co-founder and long-time CEO of NVIDIA, has officially resigned from his position.
Global oil supply has returned to surplus, says IEA
The International Energy Agency (IEA) has reported a major shift in the global oil market.
Why Google, Meta, OpenAI, Anthropic are being sued in California
A group of non-profit organizations has filed a lawsuit against tech giants OpenAI, Anthropic, SpaceX's AI division, Meta Platforms, and Alphabet's Google.
NVIDIA wants Arm Holdings CEO to replace Jensen Huang
NVIDIA's board is said to be considering Arm Holdings CEO Rene Haas as a potential successor to Jensen Huang, who recently stepped down from the position amid allegations of extramarital affairs.
SoftBank sells 1.65% stake in Meesho for ₹1,885cr
Japanese investment giant SoftBank has sold its 1.65% stake in Indian e-commerce platform Meesho for ₹1,885.17 crore.
This AI agent start-up has raised $300M at $3B valuation
LangChain, a leading player in the AI agent management space, has successfully raised $300 million in its Series C funding round.
Tata Motors Passenger Vehicles reports ₹5,531 crore loss in Q2
Tata Motors Passenger Vehicles has reported a loss of ₹5,531 crore for the second quarter (Q2) of FY2026-27.
Anthropic IPO oversubscribed 6 times, existing backers to get priority
Anthropic, a leading player in the artificial intelligence (AI) sector, has seen its upcoming initial public offering (IPO) oversubscribed by nearly six times.
Black Box explores acquisitions to hit $2 billion revenue goal
Black Box Ltd, a leading tech company, expects its data center business to account for up to 30% of total revenue in the next two years.
Anthropic IPO: How Indian investors can participate
Anthropic, the AI company behind chatbot Claude, is gearing up for its stock market debut.
China warns US against imposing more chip export restrictions
China has warned the US against imposing further semiconductor export restrictions. The warning comes as the controversy surrounding NVIDIA, a leading AI chip manufacturer, continues to grow.
Paytm receives RBI's in-principle approval to resume wallet business
Paytm has received in-principle approval from the Reserve Bank of India (RBI) to restart its digital wallet business.
Burberry returns to profit on back of 'back-to-basics' strategy
Burberry, the British luxury brand, has reported a pre-tax profit of £19 million for the six months ending September 26. This marks a major turnaround from last year's loss of £48 million.
Microsoft outage disrupts markets, forcing traders to rely on phones
Microsoft's recent outage has caused widespread disruption in the global trading community, affecting major players like UBS Group AG and Workhorse Group.
India's jewelry exports jump 34% to nearly $3B in October
India's gem and jewelry sector has seen a massive jump of 34.01% year-on-year in October, hitting $2.92 billion.
Accenture offers bonuses up to 26%, freezes most salary hikes
Accenture, a global IT services company, has announced performance-linked bonuses of up to 26% for its top performers in India. The move comes as part of the November 2026 rewards cycle.
NVIDIA loses $1.6T as stock heads for sixth weekly decline
NVIDIA, once the world's most valuable company for most of this year, is facing a major market downturn.
Bharti Group rules out majority control of Eutelsat OneWeb
The Bharti Group is considering increasing its stake in Eutelsat OneWeb to around 30%, matching the French government's holding.
Dubai airport operator suspends SpiceJet check-in over ₹35.85 crore dues
Dubai Airports, which operates Dubai International Airport and Al Maktoum International Airport, has suspended check-in services for Indian airline SpiceJet due to non-payment of around 14 million UAE dirhams (approximately ₹35.85 crore).
SpaceX-Tesla merger could be announced as early as next month
SpaceX and Tesla Inc are in advanced talks to merge their businesses, Bloomberg reported.
Tech leaders react to Jensen Huang's ouster from NVIDIA
NVIDIA CEO Jensen Huang has stepped down from his position following allegations of two affairs, one with a suspected Chinese spy and another with a direct report.
Bitcoin falls to 3-month low of $68,850
Bitcoin has plunged to a near three-month low of $68,850.76 in early trading today.
'I'm a piece of sh--': Huang's final hours at NVIDIA
Jensen Huang, the co-founder and CEO of NVIDIA Corporation, has resigned from his position amid allegations of infidelity.
Who's Krishna Rao, Anthropic CFO set for ₹7,000 crore windfall?
Anthropic, the company behind Claude AI, is gearing up for its initial public offering (IPO). The AI firm is eyeing a staggering valuation of up to $1.4 trillion.
Jensen Huang agrees to testify before US Congress
Jensen Huang, the former CEO of NVIDIA, has agreed to testify before US Congress.
Trump urged Huang to retain his position as NVIDIA CEO
US President Donald Trump personally called NVIDIA CEO Jensen Huang on Tuesday, urging him to fight for his position, The New York Times reported.
Trump wants Tim Cook to take over as NVIDIA CEO
NVIDIA is on the lookout for a new CEO after Jensen Huang's resignation amid scandalous allegations, including one involving a suspected Chinese spy.
Jensen Huang often belittled the woman now leading NVIDIA
Before his sudden exit from NVIDIA, CEO Jensen Huang and CFO Colette Kress had a rocky relationship.
Jensen Huang reportedly had a 3rd extramarital affair
Jensen Huang, the former CEO of NVIDIA, was involved in an intimate relationship with a second employee at the company, Reuters reported
Samsung eyes $6B company that keeps AI data centers cool
Samsung Electronics is said to be in talks to acquire Modine Manufacturing Company, a US-based specialist in data center cooling systems.
Who is Colette Kress, NVIDIA's new CEO?
NVIDIA has appointed Colette Kress as its interim CEO after Jensen Huang's sudden resignation today.
NVIDIA shares plunge 12% as Jensen Huang resigns
NVIDIA's shares have taken a major hit, falling by 12% in pre-market trading, after CEO Jensen Huang announced his resignation.
Jensen Huang resigns as NVIDIA CEO amid scandals
NVIDIA has announced a major leadership change with the resignation of its long-time President and CEO, Jensen Huang. The decision is effective immediately.
Haldiram's kicks off $1B IPO preparations, eyes $10B valuation
Haldiram Snacks Food, a leading manufacturer of traditional Indian sweets and snacks, has kicked off the process for its initial public offering (IPO).
Noel Tata steps down from Tata Investment
Noel Tata has stepped down as the chairman of Tata Investment Corporation, a position he held for 16 years.
Kia's $2B investment in Andhra plant to create 12,000 jobs
Kia has announced its plan to invest around $2 billion in a new manufacturing facility in Andhra Pradesh.
India's stock market becomes 5th-largest, surpasses Taiwan
India's stock market has reclaimed its position as the world's fifth-largest, surpassing Taiwan.
Why replacing Jensen Huang as NVIDIA CEO won't be easy
NVIDIA, the world's most valuable company until recently, is facing a leadership crisis.
India's inflation jumps to 6.09%, breaches RBI's upper limit
India's retail inflation surged to 6.09% in October, up from September's 5.54%.
Adani seeks $2.5B loan to refinance Ambuja, ACC acquisition debt
The Adani Group is in talks with a consortium of international banks, including MUFG, Barclays Bank, and Sumitomo Mitsui Banking Corporation (SMBC), to raise a $2.5 billion loan facility.
Andhra Pradesh to sign 303 MoUs worth ₹9.89 lakh crore
Andhra Pradesh Chief Minister N Chandrababu Naidu has announced that the state will sign 303 memoranda of understanding (MoUs) worth ₹9.89 lakh crore at the CII Partnership Summit.
Paytm's UPI market share rises just 1% in 2 years
Paytm has witnessed a one percentage point increase in its market share over the last two years.
Ola Electric's revenue falls by 39% in Q2
Ola Electric, one of India's leading electric vehicle manufacturers, has reported a 39% year-on-year decline in its revenue for the second quarter of FY27.
AI will create more jobs than it displaces: Gartner
A recent report by Gartner has predicted that artificial intelligence (AI) will create more jobs than it displaces by 2030.
NVIDIA shares are down 29%: Is it time to buy?
NVIDIA, the leading AI chipmaker, has been hit by a storm of market conditions.
NVIDIA's biggest server maker beats estimates with 34% profit jump
Foxconn, the world's largest contract electronics manufacturer, has reported a 34% increase in its third-quarter profit.
Amazon, Google could make over $400 billion from Anthropic IPO
Anthropic, the company behind Claude AI, is gearing up for a massive initial public offering (IPO) that could raise $64 billion.
ITC hikes Gold Flake cigarette prices by ₹10
ITC Ltd has hiked the price of its Gold Flake Premium cigarettes by ₹10 per pack.
Alice Huang back in Beijing as Jensen Huang scandal deepens
Alice Huang, a former executive at a Singapore-based data center company and the woman at the center of NVIDIA CEO Jensen Huang's cheating scandal, is believed to have returned to China.
Musk says it would be honor to hire Jensen Huang
Elon Musk, the founder of SpaceX and CEO of Tesla, has expressed his willingness to hire embattled NVIDIA CEO Jensen Huang.
Meta's longtime infrastructure head to leave company
Meta's long-serving head of infrastructure and co-head of engineering, Santosh Janardhan, is leaving the company. The news was confirmed by Meta to TechCrunch.
Who could replace Jensen Huang as NVIDIA CEO?
NVIDIA's CEO Jensen Huang is facing a possible ouster, with his odds of survival at just 30%.
House Republicans consider subpoena for NVIDIA CEO over China ties
House Republicans are considering a subpoena against NVIDIA CEO Jensen Huang.
NVIDIA shares crash 10% as board considers Jensen Huang's ouster
Shares of NVIDIA plunged as much as 10% in after-hours trading following reports surrounding CEO Jensen Huang's personal conduct and potential leadership shakeups.
Another Jensen Huang affair emerges, this time involving NVIDIA VP
Kimberly Powell, NVIDIA's VP of healthcare, has been involved in an extramarital affair with the company's CEO Jensen Huang.
Gaurav Munjal steps down as CEO of Unacademy
Gaurav Munjal has stepped down as the Chief Executive Officer of edtech company Unacademy. He will now serve as the Executive Chairman of the firm.
Air India's loss in H1 FY27 stands at staggering ₹10,800cr
Air India has reported a staggering net loss of approximately ₹10,800 crore in the first half of FY2026-27.
Oil rises as Iran denies moving nuclear material abroad
Oil prices witnessed a nearly 1% increase on Wednesday, after hitting two-month lows in the previous session.
Financial platform Tide to invest ₹3,100cr in India by 2030
Tide, a UK-based financial platform, has announced plans to invest £250 million (approximately ₹3,100 crore) in India by 2030.
Why global insulin supply is at risk
The surge in demand for GLP-1 weight-loss medications like Novo Nordisk's Ozempic and Eli Lilly's Mounjaro is raising concerns over the potential impact on diabetes treatments such as insulin.
India's economy to grow 7% in FY27, says Moody's
Moody's has revised its growth forecast for the Indian economy, projecting a robust expansion of 7% in the current fiscal year.
Centre approves ₹62,370cr fertilizer subsidy for rabi season
The Union Cabinet has approved a massive ₹62,370 crore fertilizer subsidy for the ongoing rabi season.