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Business News

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31 Aug 2026
TL;DR

Maruti Suzuki to invest ₹77,500cr for capacity expansion, new models

Maruti Suzuki India has increased its five-year capital expenditure plan to Rs 77,500 crore, focusing on capacity expansion, new models, and carbon-neutral manufacturing.

NCLAT will hear challenge to Subhash Chandra's repayment plan tomorrow

The National Company Law Appellate Tribunal (NCLAT) has agreed to hear an urgent plea from several creditors, challenging the approval of Subhash Chandra's repayment plan by the National Company Law Tribunal (NCLT).

31 Aug 2026
Zomato

Why Zomato is firing around 250 employees in Hyderabad

Zomato, the popular food delivery platform, is shutting down its customer support operations in Hyderabad, as per The Economic Times.

31 Aug 2026
OpenAI

OpenAI has warrants worth $5.5B from this SoftBank subsidiary

US tech giant OpenAI has been issued warrants worth an estimated $5.5 billion by SB Energy, a power infrastructure firm, the Wall Street Journal has reported.

31 Aug 2026
TL;DR

EuroHPC selects French state-owned Bull to build LUMI-AI in 2027

The EU's EuroHPC has commissioned a €387.8 million supercomputer, LUMI-AI, from France's Bull to bolster Europe's AI capabilities and compete with the US and China.

31 Aug 2026
TL;DR

TOI AIQ talks teases SBI's digital upgrades and UPI adaptation

TOI AIQ Talks explores how technology and purposeful innovation reshaped SBI, highlighting its rise among global banks and the human-driven reskilling behind this transformation.

31 Aug 2026
Zomato

Zomato cuts 250 jobs as it shuts Hyderabad support center

Zomato, the food delivery platform, is shutting down its customer support operations in Hyderabad. The move will lead to around 250 job losses, as per the Economic Times.

31 Aug 2026
TL;DR

India launches Semicon 2.0 aiming to attract ₹4Lcr investment

The government has unveiled detailed Semicon 2.0 guidelines, offering fiscal support across six pillars, including chip design, fabs, advanced packaging, and R&D initiatives.

31 Aug 2026
TL;DR

SpiceJet seeks Delhi HC time to pay Kalanithi Maran 50L/cr

SpiceJet requested the Delhi High Court for more time to pay ₹50 crore to Kalanithi Maran, citing delays in receiving government emergency credit support.

31 Aug 2026
TL;DR

Sensex slips 513 points as Nifty falls below 24,000

Sensex recovered 250 points from the day's low, while Nifty climbed above 24,050 amid value buying in private banks and easing market volatility.

31 Aug 2026
TL;DR

Augmont Enterprises debuts 22% higher, later falls, IPO raised ₹825cr

Shares of Augmont Enterprises fell over 2% to Rs 940 after listing at a 22% premium of Rs 960, missing grey market expectations of nearly 40% gains.

31 Aug 2026
TL;DR

Tata Advanced Systems to co-produce Javelin AUR in India

Tata Advanced Systems Limited signed an MoU with Javelin Joint Venture to co-produce Javelin missiles in India, enhancing local manufacturing and defense collaboration.

31 Aug 2026
Iran

Oil surges above $90 as US strikes Iran

Oil prices surged over 2% on Monday after US forces targeted two Iranian launchers on Larak Island in the Strait of Hormuz.

31 Aug 2026
TL;DR

Activated carbon boosts India's ₹7,038.25 cr coconut exports in FY26

India's coconut exports soared by 62% in FY26, reaching ₹7,038 crore, driven by rising global demand for value-added products and a diversified export basket.

31 Aug 2026
New York City

Aon nears $17B deal to buy USI Insurance

Aon, a leading insurance broker and consultancy firm, is close to finalizing a deal to acquire USI Insurance Services from private equity firm KKR.

31 Aug 2026
Nifty

Sensex tumbles 500 points: What's dragging markets down today?

The benchmark equity indices, Sensex and Nifty, witnessed a sharp decline on Monday.

31 Aug 2026
TL;DR

Andrew Bailey warns frontier AI could disrupt global financial systems

Bank of England governor Andrew Bailey warns that advanced AI models pose significant cyber-risk to the interconnected global financial system, urging international cooperation.

31 Aug 2026
TL;DR

Healthians posts 1st-ever FY26 profit 5.4cr, diagnostics drove most revenue

Healthians achieved profitability in FY26 with a net profit of Rs 5.4 crore, as its revenue surged 35.7% year-on-year to Rs 357 crore, driven by diagnostics services.

31 Aug 2026
TL;DR

India, Brazil set goal to reach $30B trade by 2030

India and Brazil aim to double bilateral trade to $30 billion by 2030, with Brazil agreeing to expand market access for Indian pharmaceutical products.

31 Aug 2026
TL;DR

Tempsens Instruments lists at ₹634, more than doubles, drops

Tempsens Instruments shares dropped over 4% on Monday as investors booked profits after the stock's stellar 111% premium listing on Friday, following strong IPO demand.

31 Aug 2026
TL;DR

Banks challenge Subhash Chandra repayment plan at NCLAT Tuesday 10:30am

The NCLAT will hear an urgent plea by creditors contesting the NCLT's approval of Subhash Chandra’s ₹6.5 crore repayment plan, citing inadequate recovery of their claims.

31 Aug 2026
TL;DR

Subhash Chandra denies borrowing as NCLT approves ₹6.5cr repayment

Subhash Chandra clarified his role as a guarantor in insolvency proceedings, stating most borrowings were settled or backed by assets, with Rs 6.5 crore proposed for repayment.

31 Aug 2026
TL;DR

Indian firms line up over $20 billion through share sales

Indian companies are leveraging ample liquidity and supportive valuations, with 170 firms planning to raise over $20 billion through share sales, including QIPs, this fiscal year.

31 Aug 2026
TL;DR

Zomato closing Hyderabad customer support center, about 250 jobs cut

Zomato is closing its Hyderabad customer support centre, affecting 250 employees, as part of a shift toward outsourcing and operational consolidation at its headquarters.

31 Aug 2026
TL;DR

Zee Entertainment shares fall over 14% amid NCLT dispute

Zee Entertainment shares plunged over 14% intraday on August 31, following lender objections to an NCLT-approved repayment plan for Essel Group's ₹22,006.57 crore debt.

31 Aug 2026
Narendra Modi

UPI set to launch in Uzbekistan

The Unified Payments Interface (UPI) will soon be launched in Uzbekistan, the Ministry of External Affairs (MEA) has confirmed.

31 Aug 2026
TL;DR

Soitec secures multi-year deals as photonics-SOI revenue tops $200 million

French chip materials maker Soitec is capitalizing on surging AI-driven demand by locking customers into multi-year supply agreements with deposits and fixed pricing.

31 Aug 2026
Apple

Why Apple's new CEO faces a management shake-up

John Ternus, the incoming CEO of Apple, is expected to make major changes in the company's executive team.

31 Aug 2026
TL;DR

Bitcoin dips under $78,000 after reaching $81,455 3-month high

Bitcoin surged to $79,154 before retreating to the $77k-$78k range, signaling potential resistance near $80k as market momentum remains uncertain amid macroeconomic pressures.

31 Aug 2026
TL;DR

Sensex falls 300.77, Nifty down 124.80 as crude nears $90

Indian markets fell on Monday as US-Iran tensions spiked crude prices, while weak global cues, foreign fund outflows, and MSCI index rebalancing added to investor concerns.

31 Aug 2026
TL;DR

EPFO processing delays EPF withdrawals after tiny record mistakes

Even minor clerical errors in EPF records, such as mismatched dates or names, can lead to significant delays and complications when claiming funds or benefits.

31 Aug 2026
China

China's factory activity shrinks for second consecutive month

China's manufacturing sector has witnessed a contraction for the second consecutive month, albeit at a lesser rate than market predictions.

31 Aug 2026
TL;DR

Indian bond yields hit 6.9480% after Kevin Warsh remarks

Indian bonds opened three basis points lower at 6.94% as hawkish comments from US Fed Chair Kevin Warsh raised the likelihood of a September rate hike.

31 Aug 2026
TL;DR

Nikkei 225 falls almost 2% as Fed comments rattle markets

Japan’s Nikkei 225 fell 1.97% on Monday, driven by rising global interest rate hike expectations, while U.S. inflation control measures further dampened investor sentiment.

31 Aug 2026
TL;DR

India's Q1 GDP estimate due today, CNBC-TV18 poll forecasts 7.5%

India's Q1 GDP data is set for release today, with analysts predicting 7.5% growth amid hopes of a potential upside surprise shaping market sentiment and economic outlook.

31 Aug 2026
TL;DR

Shein raises $1.7B in Hong Kong IPO as listings boom

China's IPO market is thriving, driven by investor enthusiasm for AI and robotics. Shein's $1.7 billion Hong Kong debut highlights the trend amid shifting global dynamics.

31 Aug 2026
TL;DR

Check Annu Projects IPO allotment likely finalized August 30

The Annu Projects IPO allotment, following a 2.93x subscription to its Rs 175.06 crore issue, is expected to be finalised on August 30.

31 Aug 2026
TL;DR

HDFC Bank expected to appoint Kaizad Bharucha as CEO

Kaizad Bharucha, HDFC Bank's longest-serving executive board member, has nearly four decades of banking experience and currently serves as Deputy Managing Director.

31 Aug 2026
TL;DR

India to launch UPI in Uzbekistan, showcasing payment expertise

India's Unified Payments Interface (UPI) is launching in Uzbekistan, strengthening digital ties and fostering economic cooperation with Central Asia.

31 Aug 2026
HDFC Bank

Ex-SBI chief Dinesh Khara among contenders for HDFC Bank CEO

Former State Bank of India (SBI) Chairman Dinesh Kumar Khara is being considered as a potential successor to Sashidhar Jagdishan for the position of Managing Director and Chief Executive Officer (MD & CEO) at HDFC Bank.

31 Aug 2026
TL;DR

HDFC Bank shares climb after CEO Sashidhar Jagdishan retirement announcement

HDFC Bank shares rose over 2% as MD & CEO Sashidhar Jagdishan announced his retirement, with brokerages viewing the leadership change as a potential reset.

31 Aug 2026
TL;DR

CrowdStrike CEO George Kurtz warns AI enables rapid vulnerability weaponization

CrowdStrike CEO George Kurtz credited Anthropic’s Mythos model for driving record revenues while cautioning companies about rapidly evolving AI-driven cyber threats.

31 Aug 2026
TL;DR

Indian markets open lower as Sensex slips and Nifty drops

Indian stock indices Sensex and Nifty opened in red on Monday, August 31, following a rebound on Friday driven by strong gains in IT stocks.

31 Aug 2026
TL;DR

Gold down more than ₹2,600 on MCX and silver falls

Gold and silver prices on MCX dropped by nearly 2% amid heavy profit-taking, with gold futures falling ₹2,600 to ₹1,53,640 per 10 grams and silver contracts losing ₹4,200.

31 Aug 2026
TL;DR

Indian rupee starts Monday at ₹95.49 against US dollar

The Indian rupee opened 11 paise lower at 95.49 against the US dollar, reflecting ongoing pressure from global economic factors and fluctuating forex market trends.

31 Aug 2026
TL;DR

Nirmala Sitharaman, William Brown discuss India R&D and manufacturing

Finance Minister Nirmala Sitharaman discussed enhancing 3M's localisation, R&D, and advanced manufacturing in India during her meeting with CEO William Brown at the G20 FMCBG.

31 Aug 2026
TL;DR

US strike in Strait of Hormuz lifts Brent to $89.18

Oil prices rose over 1% amid escalating Middle East tensions, while gold steadied following a sharp decline, as markets reacted to hawkish signals from the US Federal Reserve.

31 Aug 2026
TL;DR

Blackstone linked entities launch ₹7,992cr OFS for Knowledge Realty Trust

Blackstone-linked entities have launched an offer for sale (OFS) in Knowledge Realty Trust, India's largest REIT, aiming to sell units worth nearly ₹12,000 crore.

31 Aug 2026
TL;DR

NVIDIA's Jensen Huang: AI could spark America's next industrial revolution

Nvidia CEO Jensen Huang envisions AI driving America’s next industrial revolution, creating jobs, revitalizing manufacturing, and boosting investments in infrastructure nationwide.

31 Aug 2026
TL;DR

China manufacturing PMI rises to 49.8 but stays below 50

China's official manufacturing PMI rose to 49.8 in August, surpassing forecasts, but remained below 50, signaling contraction amid ongoing economic challenges.

31 Aug 2026
TL;DR

SK Hynix mulls Japan plant for AI capacity, cost control

SK Hynix is evaluating a joint venture in Japan to address soaring AI-driven memory chip demand while managing production costs amid global expansion efforts.

31 Aug 2026
TL;DR

Augmont Enterprises IPO opens priced at ₹750-₹788 amid heavy demand

Augmont Enterprises IPO debuts today at 10:00 IST on BSE and NSE, with a grey market premium of ₹290 hinting at an estimated listing gain of up to 37%.

31 Aug 2026
TL;DR

Senior executives return to school for AI strategy training

Senior executives are increasingly pursuing advanced AI programmes to drive transformation, ensuring strategic decisions on deployment and governance extend beyond IT teams.

31 Aug 2026
TL;DR

L&T, JSW, Adani Group, Mahindra eye ISRO LVM3 technology transfer

Larsen & Toubro, Adani Group, Mahindra, and others are exploring bids to manufacture and operate ISRO's heavy-lift rocket LVM3 as part of its technology-transfer initiative.

31 Aug 2026
TL;DR

India's airport expansion slows as airlines struggle to meet demand

India’s airport growth is slowing as airlines face fleet shortages and geopolitical disruptions, forcing operators to explore non-aeronautical revenue streams for sustainability.

31 Aug 2026
TL;DR

Mohit Joshi: Tech Mahindra untroubled by Google, backs organic growth

Tech Mahindra CEO Mohit Joshi believes Big Tech and AI labs won't disrupt the IT sector, citing distinct cost structures and operational models that are challenging to replicate.

31 Aug 2026
TL;DR

Tata Trusts seek Maharashtra charity approval for Tata Sons chair

Tata Trusts have approached the Maharashtra charity commissioner to resolve a regulatory impasse, aiming to initiate the process of appointing a new chairman for Tata Sons.

31 Aug 2026
TL;DR

Nirmala Sitharaman meets US executives in Chicago to pitch India

Finance Minister Nirmala Sitharaman engaged with top US executives, highlighting India's potential as a global operations hub across AI, agriculture, and defense technologies.

31 Aug 2026
TL;DR

Subhash Chandra says 22,000 cr are guarantees for other companies

Subhash Chandra addressed misconceptions about the Rs 22,000-crore insolvency case, stating it pertains to personal guarantees for loans, not personal borrowings.

30 Aug 2026
Tamil Nadu

Tamil Nadu's new-age business houses line up for IPOs

A number of Tamil Nadu-based companies are preparing to launch their initial public offerings (IPOs).

30 Aug 2026
Japan

SK Hynix open to more US semiconductor investments

SK Hynix's CEO, Kwak Noh-jung, has said that the company is open to more semiconductor investments in the US.

30 Aug 2026
India

India's beauty, personal care market to reach $42B by FY31

India's Beauty and Personal Care (BPC) market is set to witness a massive growth from $23 billion in FY26 to $42 billion by FY31.

30 Aug 2026
X

EPFO highlights campaign to bring more workers under social security

The Employees' Provident Fund Organization (EPFO) has highlighted the Employees's Enrolment Campaign 2026, which runs from June 29 to October 31, aims to widen social security coverage and formalize the workforce.

30 Aug 2026
Finance

Bira 91 facing insolvency threat over ₹11cr+ unpaid dues

Bira 91, a popular Indian beer brand, is facing an insolvency threat as Hindusthan National Glass and Industries Ltd (HNGIL) has issued a default notice to its parent company B9 Beverages Ltd.

30 Aug 2026
India

India's GDP to grow at 7-7.2% in FY27, says EY

India's real gross domestic product (GDP) growth is projected to stay strong at 7-7.2% in the financial year 2026-27 (FY27), according to a recent report by Ernst & Young (EY).

NCLT might soon have dedicated benches for insolvency cases

A Parliamentary panel has recommended the establishment of dedicated benches or verticals for insolvency cases at the National Company Law Tribunal (NCLT).

30 Aug 2026
HDFC Bank

Who will become next CEO of HDFC Bank?

HDFC Bank, India's largest private lender, is considering Deputy Managing Director Kaizad Bharucha as a potential successor to current CEO Sashidhar Jagdishan.

30 Aug 2026
Singapore

Indian Bank to open 100 new branches, recruit 2,500 employees

Indian Bank plans to expand its operations by opening around 100 new branches in the current fiscal year, according to PTI.

30 Aug 2026
Chile

India, Chile expedite efforts to finalize trade pact by year-end

India and Chile are stepping up efforts to finalize a Comprehensive Economic Partnership Agreement (CEPA) by the end of this year.

30 Aug 2026
Nevada

Kalshi suffers legal setback as Nevada gets power to regulate

Kalshi, a popular prediction market platform, has suffered a major setback in its legal battle against the state of Nevada.

UPI dominates India's digital merchant payments market with 77.3% share

India's digital merchant payments market is witnessing a major shift.

30 Aug 2026
Doctor Doom

Robert Downey Jr. wears $1.1M watch that has no hands

Hollywood superstar Robert Downey Jr. made a grand appearance at Disney's Legends Awards Ceremony, but it wasn't just his presence that stole the show.

Country Delight wants to raise $200-300M via IPO in India

Country Delight, a leading subscription-based dairy and fresh-produce delivery platform, is gearing up for an initial public offering (IPO) in India.

30 Aug 2026
Delhi

BRICS summit causes luxury hotel room scarcity in Delhi

Delhi's luxury hotel market is witnessing a major spike in room rates and a shortage of availability ahead of the BRICS Summit.

30 Aug 2026
Nirmala Sitharaman

India met fiscal deficit target for FY26: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman has announced that the central government has successfully met its fiscal deficit targets for the financial year 2025-26.

30 Aug 2026
State Bank of India (SBI)

SBI, subsidiary to divest up to 1% stake in NSE

The State Bank of India (SBI) and its subsidiary, SBI Capital Markets Ltd plan to sell up to a 1% stake in the National Stock Exchange (NSE).

30 Aug 2026
Warren Buffett

Warren Buffett turns 96: Here are his top investing lessons

Warren Buffett, the legendary investor and former CEO of Berkshire Hathaway, turns 96 today.

30 Aug 2026
Foreign Investment

FPIs invest almost ₹30,920cr in Indian equities this August

Foreign portfolio investors (FPIs) have pumped ₹30,919 crore into Indian equities in August.

30 Aug 2026
Bharti Airtel

Market cap of India's top 7 firms down ₹1.13L crore

The combined market capitalization of seven out of the top 10 most-valued companies in India fell by ₹1.13 lakh crore last week.

30 Aug 2026
American Express

You can't use American Express's Reward Multiplier program from October

American Express has announced the discontinuation of its Reward Multiplier program in India, effective September 30, 2026.

30 Aug 2026
India

Strait of Hormuz crisis: India paid $22B extra for fuels

A study by the Centre for Research on Energy and Clean Air (CREA), has revealed that India was among top 20 countries with highest gross additional costs for fuel during the Strait of Hormuz crisis.

30 Aug 2026
Air India

Will Air India get new funding from Singapore Airlines?

Singapore's state-owned investment firm Temasek has backed Singapore Airlines's (SIA) long-term strategy in India.

30 Aug 2026
US Government

US to acquire 35% stake in Venezuelan oil firm

The US government is planning to acquire a 35% passive stake in North American Blue Energy Partners, an energy company owned by Venezuelan businessman Alejandro Betancourt.

30 Aug 2026
Anthropic

Why Anthropic has been sued by Sony Music, Warner Chappell

Sony Music Publishing, Warner Chappell, and several other music publishers have sued AI lab Anthropic and its co-founders Dario Amodei and Benjamin Mann.

30 Aug 2026
United States of America

US Fed's Jackson Hole conference ends: What are the takeaways?

The Federal Reserve Bank of Kansas City's annual economic symposium in Jackson Hole, Wyoming, has come to a close.

30 Aug 2026
HDFC Bank

HDFC Bank MD Sashidhar Jagdishan to retire in October

Sashidhar Jagdishan, the Managing Director and CEO of HDFC Bank, has announced his decision not to seek reappointment. He will retire from his position on October 26, 2026.

30 Aug 2026
Elon Musk

Musk's Starlink gets 10-year license to operate in UAE

The United Arab Emirates (UAE) has awarded Elon Musk's Starlink a decade-long license to set up and run a public satellite communications network.

29 Aug 2026
Canara Bank

These financial institutions are opposing Subhash Chandra's ₹6.25cr repayment plan

Canara Bank, Union Bank of India, and LIC Housing Finance are challenging an National Company Law Tribunal (NCLT) order approving Essel Group Chairman Subhash Chandra's ₹6.25 crore repayment plan.

29 Aug 2026
Supreme Court Of India

FSSAI proposes red warning labels for unhealthy food items

The Food Safety and Standards Authority of India (FSSAI) has proposed a new labeling system for unhealthy food products.