Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Deloitte report: Automation reshapes Indian FMCG hiring and pay
India's leading FMCG firms are reducing permanent staff as automation in manufacturing, supply chain, and back-office operations gains momentum across the sector.
Bengaluru's Vimag Labs builds electric motors without rare earth magnets
Bengaluru-based Vimag Labs has developed software-defined magnet technology, eliminating the need for rare earth materials in EV motors and reducing dependency on China.
FPIs poured ₹15,157cr into Indian equities in July reversing outflows
Foreign investors turned net buyers in July, investing ₹15,157 crore in Indian equities, driven by improving domestic macroeconomic indicators and better global risk sentiment.
Is Flipkart using deep discounts to favor select sellers?
The Forum for Internet Retailers, Sellers, and Traders (FIRST) has filed a new antitrust complaint against Flipkart with the Competition Commission of India (CCI).
Why Norwegian Air changed its Instagram logo to British Airways
Norwegian Air Shuttle has honored its friendly wager with British Airways after England's victory over Norway in the FIFA World Cup quarter-finals.
ONGC completes 2nd Puga Valley well toward pilot geothermal plant
ONGC has drilled its second geothermal well in Ladakh's Puga Valley, advancing plans to establish India's first 1-megawatt pilot geothermal power plant.
OpenAI's safety head departs amid leadership reshuffle
Johannes Heidecke, the Head of Safety Systems at OpenAI since 2024, has decided to leave the company.
OpenAI responds to Apple's trade secret theft allegations
OpenAI has issued a formal response to Apple's recent lawsuit, which accuses the artificial intelligence (AI) company of stealing trade secrets.
Maharashtra adds 51,700cr guarantees, off budget debt 1.81L/cr, CAG warns
Maharashtra's off-budget borrowings surged to ₹1.81 lakh crore in FY2025-26, raising concerns over fiscal transparency and breaching the FRBM Act's debt-to-GSDP ceiling of 25%.
US judge orders Gautam Adani sworn statement by July 15
A US judge has ordered Gautam Adani to submit a sworn affidavit addressing allegations of a potential quid pro quo linked to the dismissal of bribery and securities fraud charges.
SBI Funds Management cuts IPO to ₹9,812.9cr after ₹1,880cr sale
SBI Funds Management has cut its IPO size to Rs 9,813 crore after selling a 1.6% stake worth Rs 1,880 crore to marquee investors in a pre-IPO round.
India late-stage startups secure $3.8B, average $86 million checks H1 2026
Late-stage startup funding in India averaged $86 million per deal this year, driven by investments in AI, clean energy, and revenue-generating businesses.
Atanu Chakraborty earned ₹1cr in FY26, HDFC's annual report reveals
HDFC Bank's FY26 annual report has revealed the remuneration details of its former Part-time Chairman and Independent Director, Atanu Chakraborty.
SHEIN gets green light for Hong Kong IPO
Chinese ultra-fast fashion giant SHEIN has received approval for its long-awaited Hong Kong initial public offering (IPO).
India-focused equity funds have lost 60% foreign investment since 2024
Foreign investors have pulled out nearly 60% of their investments from India-focused equity funds, according to a report by Elara Capital.
Anil Ambani fraud case: ED attaches assets worth over ₹1,000cr
The Enforcement Directorate (ED) has attached assets worth ₹1,021 crore in a money laundering case against the Reliance Anil Ambani Group.
Over 1.7cr ITRs filed for FY26 so far
The Income Tax Department has announced that over 1.7 crore Income Tax Returns (ITRs) have been filed for the financial year 2025-26 so far.
New Zealand begins ratification process for FTA with India
The ratification process for the India-New Zealand Free Trade Agreement (FTA) has commenced in New Zealand, the Ministry of External Affairs (MEA) said today.
SEBI expands intraday borrowing rules for mutual funds from September
The Securities and Exchange Board of India (SEBI) has expanded the scope of intraday borrowings for mutual funds, effective from September 1, 2026.
EPFO's passbook portal back online ahead of interest credit
The Employees' Provident Fund Organisation (EPFO) has restored its Passbook portal after nearly two weeks of downtime.
Indian AI start-ups raised $1B+ in first half of 2026
Indian artificial intelligence (AI) start-ups have raised over $1 billion in funding during the first half of 2026.
Russia's diesel export ban triggers global price surge
Russia's recent ban on diesel exports has sent shockwaves through the global energy market, exacerbating existing fuel shortages and driving prices up.
Meta appeals landmark social media addiction verdict
Meta, the parent company of Instagram and Facebook, has appealed a landmark social media addiction lawsuit verdict in Los Angeles.
Bluesky appoints Toni Schneider as permanent CEO after interim stint
Bluesky, the social media platform that emerged as an alternative to Twitter (now X), has announced a major leadership change.
Why Swiggy Instamart has received 9 notices from FSSAI
Swiggy's quick-commerce platform, Instamart, has come under fire from the Food Safety and Standards Authority of India (FSSAI).
SK Hynix raises $26.5B in record US debut
SK Hynix, a leading South Korean memory chip manufacturer and major supplier to AI chip giant NVIDIA, has raised $26.5 billion (KRW 40 trillion) in its debut on the US stock market.
Oregon withdraws motion to delay $110B Paramount-Warner Bros. merger
Oregon's Attorney General has withdrawn its motion to delay the $110 billion merger between Paramount and Warner Bros.
Start-up of Bill Gates's daughter claimed sales it didn't drive
Phia, an advertising start-up co-founded by Phoebe Gates, the daughter of Microsoft co-founder Bill Gates, has been accused of violating affiliate marketing policies.
Greg Brockman consolidates more power at OpenAI
OpenAI's President and co-founder, Greg Brockman, is set to lead the company's key products after Fidji Simo's departure.
Apple sues OpenAI over alleged trade secret theft
Apple has filed a lawsuit against OpenAI, accusing the artificial intelligence company of stealing trade secrets and breaching contracts.
Equity MF inflows rebound to over ₹28,970cr in June
Equity mutual funds have witnessed a significant recovery in inflows for the month of June.
China bans helium exports
China has announced an immediate temporary ban on helium exports, a move that could further complicate the global semiconductor supply chain.
Akasa Air suspends Noida-Navi Mumbai flights 2 weeks after launch
Akasa Air has suspended its non-stop flights between Noida International Airport and Navi Mumbai International Airport, just two weeks after the service was launched.
AI boom is creating new class of private jet owners
The recent surge in wealth from artificial intelligence (AI) start-ups and SpaceX has led to a spike in demand for private jets.
Delhi HC denies Google interim relief in 'HINDWARE' trademark dispute
The Delhi High Court has denied interim relief to Google India in a trademark infringement case.
8th Pay Commission weighs proposal to cap top government salaries
The 8th Central Pay Commission (CPC) is currently deliberating on a range of proposals, including the contentious issue of salary caps for top-ranking government officials.
SK Hynix eyes $26.5B US listing amid AI chip surge
South Korea's memory chip manufacturer, SK Hynix, has announced its mega US listing.
You can now file your ITR on PhonePe and JioFinance
Fintech platforms PhonePe and JioFinance have launched in-app tax filing services in collaboration with TaxBuddy.
ONGC expands India's strategic oil reserves
State-owned Oil and Natural Gas Corporation (ONGC) has approved a major expansion of India's strategic oil reserves.
Disney+ president steps down to become Fubo CEO
Alisa Bowen, the current president of Disney+, is stepping down from her position to become the CEO of Fubo, the internet TV streaming service that is majority-owned by Disney.
Kusumgar IPO stays hot with 38% GMP on final day
Kusumgar's ₹650 crore initial public offering (IPO) is witnessing a strong response from investors on its third and final day of bidding.
News outlets seek court sanctions against OpenAI in copyright case
The New York Times and the Daily News have accused OpenAI of concealing evidence in a high-profile copyright case.
Sensex surges over 800 points: What's driving today's rally?
India's benchmark indices, Sensex and Nifty, witnessed a major surge on Friday.
OpenAI's AGI deployment chief steps down, citing health issues
Fidji Simo, the No. 2 executive at OpenAI, is stepping down from her full-time role and transition to a part-time advisory position instead.
After record rupee defence, RBI faces $100B challenge
The Reserve Bank of India (RBI) is facing a major challenge in unwinding its massive short dollar position without destabilizing the currency market.
Microsoft layoffs: What employees will receive in severance
Microsoft has announced a major layoff, with plans to cut around 4,800 jobs or about 2.1% of its global workforce.
Google appeals Indian court's keyword bidding ruling
Google has challenged an Indian court ruling that found it infringed trademark rights by allowing competitors to bid on a company's trademarked name as a keyword for advertising.
Reddit post claims AI replaced 90% of developers, sparks debate
A recent Reddit post has sparked a heated debate over the impact of artificial intelligence (AI) on software engineering jobs.
FII selling shows signs of easing amid lower oil prices
Foreign Institutional Investors (FIIs) have been on a selling spree in the Indian stock market, pulling out over $60 billion since September 2024.
Groww now offers regular mutual funds to Prime users
Groww, India's largest stockbroker by active users, has started offering regular mutual funds on its Groww Prime platform.
India to remain world's fastest-growing major economy: International Monetary Fund
India is set to retain its title as the world's fastest-growing major economy, with a projected growth rate of 7% in 2026, according to the International Monetary Fund (IMF).
Volkswagen faces union protests over potential 100,000 job cuts globally
Volkswagen, Europe's largest carmaker, is facing backlash from its employees over a proposal to cut up to 100,000 jobs and close several factories.
TCS Q1 net profit at ₹13,349cr, misses estimates
Tata Consultancy Services (TCS), India's top IT services provider, has reported its fiscal first-quarter earnings.
New Zealand's 57% exports to India go tariff-free under FTA
Ahead of Prime Minister Narendra Modi's visit, New Zealand Prime Minister Christopher Luxon has announced that 57% of his country's exports to India will be tariff-free.
SK Hynix's $28B US share sale draws 7x investor demand
SK Hynix, a leading South Korean memory chipmaker, has witnessed an overwhelming response to its proposed $28 billion share sale in the US.
Chandrasekaran to oversee Air India until new CEO is named
Tata Sons has formed an interim management committee to oversee Air India until a new CEO is appointed.
India's growth forecast revised to 6.6% amid oil price concerns
The Asian Development Bank (ADB) has revised India's growth forecast for the fiscal year 2026-27 (FY27) to 6.6%, down from its earlier estimate of 6.9% in April.
World's first once-weekly insulin launched in India: Check prices
Danish pharmaceutical company Novo Nordisk has launched Awiqli, the world's first once-weekly basal insulin for adults with Type 1 and Type 2 diabetes.
Judge approves SEC settlement over Musk's delayed Twitter stock disclosures
A US District Judge has approved the Securities and Exchange Commission (SEC)'s settlement with Elon Musk over his delayed disclosure of Twitter share purchases.
India now hosts half of world's GCCs: CEA Nageswaran
India is now home to nearly half of the world's Global Capability Centers (GCCs), Chief Economic Adviser (CEA) V Anantha Nageswaran said on Thursday.
Sensex jumps 600 points, Nifty reclaims 24,000
The Indian stock market witnessed a recovery on Thursday, with the Sensex and Nifty gaining over 0.8% each.
Sonos lays off senior design and product executives amid restructuring
Sonos, the popular audio company, has laid off several senior executives from its design and product teams amid larger restructuring effort within the company.
SBI Funds Management reveals price band for ₹11,693cr IPO
SBI Funds Management Ltd., a subsidiary of State Bank of India (SBI), has announced a price band of ₹545 to ₹574 per share for its ₹11,693 crore initial public offering (IPO).
Russia bans diesel exports
In a bid to prevent domestic shortages, Russia has imposed a ban on diesel exports. The move comes in the wake of a series of Ukrainian drone attacks on Russian refineries.
Oil nears $80 as renewed US-Iran tensions rattle markets
Oil prices surged on Thursday, following fresh US military strikes on Iran. The action has raised concerns over possible supply disruptions in the Middle East.
India to grow at 6.4% in FY27, says IMF
The International Monetary Fund (IMF) has revised India's economic growth forecast for the fiscal year 2026-27 to 6.4%.
FPIs invest record ₹41,773cr in government bonds this June
Foreign Portfolio Investors (FPIs) have made a record net investment of ₹41,773 crore in Indian government bonds under the Reserve Bank of India's (RBI) Fully Accessible Route (FAR) in June.
Over 600M biometric-based UPI transactions done in June: NPCI
The National Payments Corporation of India (NPCI) has announced that biometric-based Unified Payments Interface (UPI) transactions have crossed 600 million in June.
Blue Origin to raise $10B at $130B valuation: Report
Jeff Bezos's space venture, Blue Origin, is reportedly looking to raise $10 billion in its first-ever external funding round.
Allianz to cut 1,800 jobs amid AI push
Allianz, a leading global insurance and asset management company, has announced plans to cut up to 1,800 jobs in its travel insurance division.
Google selects 20 AI start-ups for India accelerator program
Google has announced the selection of 20 artificial intelligence (AI) start-ups for its India Accelerator program. The move marks the 10th year of the initiative in India.
Tata Motors to invest ₹40,000cr in India
Tata Group has announced its ambitious plan to grow its automotive business into a $100 billion entity by FY31.
Apple to spend $30B on Broadcom chips
Apple has announced a major investment of over $30 billion as part of a chip supply deal with Broadcom.
Ola Electric rejects insolvency petitions against its manufacturing division
Ola Electric has rejected the insolvency petitions filed against its manufacturing arm, Ola Electric Technologies Pvt. Ltd.
Your EPF interest will be credited by July 15
The Employees' Provident Fund Organisation (EPFO) will credit an interest rate of 8.25% on PF deposits for FY2025-26, Union Labour and Employment Minister Mansukh Mandaviya announced today.
This AI chipmaker has raised $1B at $11B valuation
SambaNova Systems, a leading artificial intelligence (AI) chip company, has raised $1 billion in its Series F funding round.
Intangible investments touched record high in 2025: What's the reason?
The United Nations' World Intellectual Property Organization (WIPO) has reported that the artificial intelligence (AI) boom has pushed investments in intangible assets to a record high.
Indian mutual funds surpass FIIs in assets for first time
In a historic development, India's mutual fund industry has overtaken foreign institutional investors (FIIs) in total assets under custody.
Sensex crashes 1,600 points as Trump says Iran ceaseover 'over'
The Indian equity markets witnessed a major crash on Wednesday, with the Sensex plummeting by over 1,600 points.
Blue Tokai plans 800 stores by FY30 to rival Starbucks
Blue Tokai Coffee Roasters, a leading specialty coffee brand and a major competitor of Starbucks in India, has announced an ambitious expansion plan.