Business News
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Sergey Brin just edged out Jeff Bezos as the world's 4th richest
Google co-founder Sergey Brin has surpassed Amazon's Jeff Bezos in the global billionaires' list, thanks to a surge in Alphabet’s stock driven by Gemini 3's performance.
Goa club fire: Were Luthra brothers engaged in money laundering?
Saurabh and Gaurav Luthra, the owners of the ill-fated Birch by Romeo Lane club in Goa, are now embroiled in a web of corporate fraud.
'1 H-1B equals 10 aliens': US pollster's comparison sparks outrage
Mark Mitchell, a prominent US commentator and pollster, has sparked outrage by suggesting that sending back one senior H-1B worker is the same as deporting 10 illegal aliens.
'Rules are very clear': SEBI chief issues warning to finfluencers
Securities and Exchange Board of India (SEBI) Chairperson Tuhin Kanta Pandey has issued a stern warning to financial influencers, or 'finfluencers.'
'Stablecoins pose systemic risk': RBI warns against digital currencies
Reserve Bank of India's Deputy Governor, T. Rabi Sankar, warns that stablecoins pose significant macroeconomic risks and serve no unique purpose that fiat money cannot fulfill.
IndiGo wants ₹900cr customs refund after paying up to keep planes flying
IndiGo has petitioned the Delhi High Court for a refund of Rs 900 crore in customs duty paid on re-imported aircraft parts following overseas repairs.
China's AI chipmaker Moore Threads smashes IPO records on STAR Market
China is leveraging relaxed stock-market listing rules and homegrown startups to boost its AI sector, aiming to close the gap on foreign-made chips.
BSE and India Post team up to make mutual funds easier to access
BSE has signed a Memorandum of Understanding (MoU) with the Department of Posts to distribute mutual fund products across India, leveraging India Post's extensive network.
SEBI wants 2 top execs at every stock exchange—here's why
The Securities and Exchange Board of India (Sebi) has formalized a new framework for restructuring leadership and governance in market infrastructure institutions (MIIs).
Pearson is using AI to help people upskill for the future
Pearson India, an edtech company, has developed three AI-driven platforms to assist corporations in planning workforce skills and enhancing employees' abilities.
India's retail inflation jumps to 0.71% in November
India's retail inflation rose to 0.71% in November, up from October's 0.25%, provisional data released today showed.
Brookfield to invest $1B in Mumbai, create 45K jobs
Brookfield Asset Management plans to invest over USD 1 billion in Maharashtra, India, to establish Asia's largest Global Capability Centre (GCC), creating 45,000 jobs.
India's inflation ticks up in November, but food prices stay low
India's retail inflation in November was 0.71%, lower than expected but higher than October's 0.25%. Food inflation remained in deflation at -3.91%.
India's inflation ticks up, but still super low
India's retail inflation rose to 0.7% in November, yet price pressures continue to remain remarkably low for the second consecutive month.
Indian rupee steadies after record low amid trade worries
The Indian rupee, after hitting an all-time low, steadied but is expected to continue its downward trend due to ongoing U.S.-India trade deal uncertainties.
Mamaearth's parent just bought Reginald Men for ₹195 crore
Honasa Consumer Ltd., owner of Mamaearth, is set to acquire men's personal care brand 'Reginald Men' from BTM Ventures Pvt. Ltd. for an enterprise valuation of ₹195 crore.
India leaves agriculture out of latest US trade talks
India is ready to increase purchases of US defence, energy, and aviation products in ongoing trade talks, but refuses to open its agriculture market.
ElasticRun slashes losses by 60% in FY25, even as revenue dips
Kirana-commerce platform, ElasticRun, significantly reduced its losses by 60% in FY25, while also seeing a 9% increase in gross revenue.
India's top-100 listed firms add ₹150L crore in market value
India's top 100 listed companies have added a record-breaking ₹148 lakh crore to their market value between 2020 and 2025.
Mutual funds see big jump in November 2025
Steady SIP contributions and a revival in lump-sum investments led to a 1.5% increase in active equity AUM to ₹44.4 lakh crore in November 2025.
Crypto mogul Do Kwon sentenced to 15-years for $40B fraud
Do Kwon, a former cryptocurrency mogul and Stanford graduate, has been sentenced to 15 years in prison for his role in a $40 billion fraud scheme.
Japan's Sumitomo invests $1.3B in Indian renewable energy projects
Japanese trading house Sumitomo Corporation has announced a massive investment of 200 billion yen ($1.3 billion) in several renewable power projects in India.
IMF sets tougher rules for Pakistan's bailout
The International Monetary Fund (IMF) has imposed 11 new conditions on Pakistan's $7 billion bailout, focusing on governance and anti-corruption measures.
US Treasury to issue guidance for retroactive R&D tax deductions
The US Treasury Department is set to issue new tax guidance, potentially allowing companies to fully utilize research and development tax breaks and save billions more.
Bitcoin pops above $92K, but Ethereum still stuck under $3,300
Bitcoin's value has surged over 2% to $92,200 in the past 24 hours, buoyed by a recovery in risk appetite and positive regional equities.
Sensex, Nifty retreat after early gains; here's what happened
The equity benchmark indices fell from their daily highs due to profit booking, foreign institutional investors selling, and a weak rupee.
Park Medi World IPO: Big buzz with 150% retail subscription
Park Medi World's initial public offering (IPO) was fully subscribed on its last day of bidding, despite a decline in grey market estimates.
Aman Jain is now Meta India's Public Policy Head
Aman Jain, former Amazon public policy director, has been appointed as the new head of Public Policy for Meta India amid the country's development of tech and AI regulations.
Indian rupee touches new low of 90.56 against US dollar
The Indian rupee has hit an all-time low, falling by 24p to ₹90.56 against the US dollar in early trade today.
Why Disney has hit Google with a cease-and-desist letter
Disney has accused Google of "massive" copyright infringement, according to Variety.
Microsoft hit with £2.1B lawsuit over cloud licensing
Microsoft is defending against a $2.8 billion lawsuit in the UK, accused of overcharging businesses for Windows Server software on non-Azure cloud services.
Meesho shares slip after IPO excitement
Meesho's shares experienced a 3% decline on the third day of trading, sparking debates among investors about whether to buy, sell or hold.
Sensex jumps as metals shine, it lags behind
The BSE Sensex surged 395.33 points led by metal stocks, while the IT sector faced selling pressure. The NSE Nifty also gained 119.50 points in morning trade.
Sensex jumps 450 points as Nifty tops 26,000—here's what's up
The S&P BSE Sensex surged over 400 points today, driven by improved global cues and a stabilised domestic sentiment.
India's top 100 firms just broke a market value record
India's top 100 listed companies added a record ₹148 lakh crore to their market value between 2020 and 2025, according to a study by Motilal Oswal Financial Services.
Sensex surges over 300 points; Nifty crosses 26,000 mark
The domestic equity market opened positively today, with the BSE Sensex jumping 335 points and the NSE Nifty crossing the 26,000 mark amid strong buying.
Stanbik Agro IPO opens: Here's what you need to know
Stanbik Agro, a Gujarat-based agricultural commodities company, has opened its Rs 12.28 crore IPO for subscription on December 12, with a GMP of 0%.
HCC launches ₹1,000cr rights issue at 34% discount
Hindustan Construction Company Ltd. (HCC) opens its ₹1,000 crore rights issue for subscription today. The move aims to raise funds without increasing the company's debt burden.
Trump launches probe into companies that sway big business votes
President Donald Trump has signed an order to increase oversight of the proxy advisory industry, targeting top firms like Institutional Shareholder Services and Glass Lewis.
Why Indian IT firms are ramping up acquisitions
Indian IT firms are increasingly resorting to acquisitions to address slowing revenue growth and evolving business models, according to industry analysts.
Fairfax is leading the race to buy IDBI Bank
Toronto-based Fairfax Financial is reportedly leading the bid to acquire a controlling stake in IDBI Bank from the Indian government and LIC.
Banks ditch fully digital account openings after fraud spike
Large banks are reintroducing physical checks and mandatory branch visits for online account openings to combat identity theft and mule account frauds.
Indian Railways to build 3 new freight corridors at ₹1.5L crore
Indian Railways is considering three new freight corridors, estimated to cost around ₹1.5 trillion, to extend its high-speed cargo network across the country.
Maharashtra wants to be India's 1st $1 trillion economy by 2030
Maharashtra's new II&S Policy 2025 targets a trillion-dollar economy by 2030, aiming to attract ₹70.5 lakh crore investment and generate 50 lakh jobs.
US Fed cuts rates again, but future moves look cautious
The US Federal Reserve has reduced interest rates by a quarter-percentage point amid division, while hinting at a pause in further cuts due to unclear economic indicators.
RBI makes it easier for businesses to open bank accounts
The Reserve Bank of India (RBI) has increased the loan threshold for business banking restrictions, allowing companies more freedom in choosing their banking services.
Oil prices hit October lows amid global tensions and supply worries
Oil prices have plummeted to their lowest since October, with West Texas Intermediate settling below $58 a barrel and Brent closing near $61, amid weakening market sentiment.
Samsung celebrates 30 years in India with ambitious plans
Samsung aims to deepen its manufacturing and innovation in India, focusing on AI-driven smart homes. The company has filed 14,000 patents from the country.
Reliance Retail eyes IPO by 2027-28
Reliance Retail is planning a measured expansion with an aim to go public by 2028, focusing on profitable network growth and reducing debt.
IRCTC joins forces with Haldiram's and ISKCON to make train food better
Indian Railways is enhancing its on-board dining experience by partnering with big-name food providers, aiming to serve fresh, hygienic, and restaurant-quality meals.
PhonePe now allows mutual fund investments for just ₹10/day
PhonePe Wealth Broking has launched a new feature called "Daily SIP," allowing users to invest as little as ₹10 per day in mutual funds.
Prada to launch sandals made by Indian artisans worth ₹85,000
Prada is set to launch a limited-edition collection of sandals inspired by Indian craftsmanship.
Boat's IPO plans hit by financial discrepancies, compliance issues
Boat, a leading consumer electronics brand, has been hit by financial discrepancies and compliance issues flagged by its auditors.
Mexico slaps up to 50% tariffs on 1,400+ Asian imports
Mexico has announced a major shift in its trade policy by imposing tariffs of up to 50% on over 1,400 goods imported from Asian countries without free-trade agreements.
JPMorgan opening another branch in India after almost a decade
JPMorgan Chase & Co, one of the leading Wall Street banks, is all set to open a new branch in India after almost a decade.
How US's new Biosecure Act will affect Indian companies
The US House of Representatives has approved the National Defense Authorization Act (NDAA), which now heads to the Senate.
Microsoft partners with TCS, Infosys, Wipro to boost AI adoption
Microsoft has announced a strategic partnership with leading IT services companies Cognizant, Infosys, Tata Consultancy Services (TCS), and Wipro.
Why Apple's operations in India are under auditor scrutiny
Apple's Global Capability Center (GCC) in India has come under auditor scrutiny for the first time in its inaugural year of operations.
Bitcoin dips to $90,000 after Fed's rate cut: Buy now?
Bitcoin, the world's largest cryptocurrency, fell by nearly 3% after the US Federal Reserve's cautious stance on inflation and employment.
Amazon to pay $582M to settle tax dispute in Italy
Amazon has agreed to pay €510 million ($582 million) to settle a dispute with Italy's tax collection agency.
Indian rupee hits record low of 90.46 against US dollar
The Indian rupee has hit an all-time low, crossing the 90 per US dollar mark again.
Apple opens its 1st store in Noida
Apple has announced the opening of its first-ever retail store in Noida, and fifth in India. The new outlet is located at DLF Mall of India.
Tata Group stock hits 52-week low, down 45% year-to-date
Tata Group's Trent shares have hit a 52-week low, falling nearly 45% year-to-date (YTD).
Equity mutual fund inflows rise 21% to ₹29,900cr in November
The Association of Mutual Funds in India (AMFI) has reported a massive 21.2% increase in equity mutual fund inflows for November 2025.
IndiGo CEO to appear before DGCA as flight disruptions continue
IndiGo, India's leading airline, continues to face a major operational crisis due to planning failures in implementing new pilot and crew duty norms.
'We'll investigate': UK PM on firing of GTA VI developers
UK Prime Minister Keir Starmer has expressed his concern over the recent mass firing of over 30 Grand Theft Auto VI (GTA 6) developers at Rockstar Games.
Adobe forecasts strong results on AI and design software demand
Adobe has forecasted better-than-expected fiscal 2026 revenue and profit, driven by the growing demand for its design software and increased monetization of its artificial intelligence (AI) products.
Wakefit Innovations IPO allotment today: How to check status
The initial public offering (IPO) of Wakefit Innovations has attracted a lot of investor interest.
US Federal Reserve cuts interest rates: How it affects India?
The US Federal Reserve has cut interest rates by 25 basis points (bps) for the third time this year, bringing the federal funds rate to its lowest level since 2022.
Silver prices might hit ₹2L/kg in India: What's the reason?
Silver prices have reached an all-time high of $62.50 per ounce in global markets, following a strong rally this year.
Who is Amin Vahdat, Google's new AI infrastructure chief?
Google has appointed Amin Vahdat as its new Chief Technologist for AI Infrastructure.
TCS to acquire AI services firm Coastal Cloud for $700M
Tata Consultancy Services (TCS) has announced its plan to acquire Coastal Cloud, a Salesforce consulting and advisory firm with strong AI expertise.
Why IndiGo may face an antitrust probe in India soon
India's leading airline IndiGo is under the scanner of the Competition Commission of India (CCI) for possible violation of antitrust laws.
Byju Raveendran doesn't have to pay $1B to US court
The Delaware court in US has amended the $1 billion judgment against Byju Raveendran, the founder of edtech giant BYJU'S.
Adani Group will invest ₹12L crore in India by 2031
Adani Group, the ports-to-energy conglomerate led by billionaire Gautam Adani, has announced plans to invest up to ₹12 lakh crore in India over the next six years.
Bezos's ex-wife MacKenzie Scott donated $7.1B to non-profits this year
Philanthropist MacKenzie Scott has announced her biggest annual donation yet, giving away $7.1 billion to non-profit organizations in 2025.
Amazon to invest $35B in India by 2030
Amazon has announced plans to invest over $35 billion in India by 2030.
SpaceX plans $30B IPO in 2026 at $1.5T valuation
SpaceX, Elon Musk's ambitious space exploration company, is gearing up for an initial public offering (IPO) in mid-to-late 2026.
Slack chief heads to OpenAI as its chief revenue officer
Denise Dresser, the current CEO of Slack, is set to join OpenAI as its new Chief Revenue Officer (CRO).
Meesho's shares list at 46% premium: Hold or book profit?
Meesho, a SoftBank-backed e-commerce platform, has made a stellar debut on the stock market today.
Microsoft to invest $17.5B in India's AI, cloud infrastructure
Microsoft has announced a massive investment of $17.5 billion in India between 2026 and 2029.
Why kids can't buy latest Pokemon cards anymore
The once-innocent world of Pokemon cards has transformed into a speculative market, making it nearly impossible for kids to get their hands on the latest releases.
PolicyBazaar launches 'Claim Kavach' in India: How it helps you?
PolicyBazaar has launched a new program called 'Claim Kavach,' aimed at simplifying and expediting motor insurance claims for its customers.
Why home-cooked meals are now cheaper in India
The cost of preparing both vegetarian and non-vegetarian meals in India has witnessed a significant decline in November.
'IndiGo back on its feet': Airline CEO after nationwide disruptions
IndiGo CEO Pieter Elbers has claimed that the airline's operations are now "stable," despite nearly 500 flights being canceled on Tuesday due to an operational meltdown.
Indian rice stocks crash 10% today: What's the reason?
Shares of major basmati rice exporters in India have taken a hit following US President Donald Trump's threat to impose tariffs on Indian rice.
Why Novo Nordisk has moved Delhi HC against Sun Pharma
Novo Nordisk, the Danish pharmaceutical giant and the original developer of semaglutide, has filed a lawsuit against Sun Pharma in the Delhi High Court.
VinFast parent plans to invest $3B in Telangana
Vietnam's largest private conglomerate, Vingroup, has signed a Memorandum of Understanding (MoU) with the Telangana government to invest $3 billion.
PhysicsWallah's shares up 5% today: Here we decode why
PhysicsWallah's shares surged by over 5% during today's trading session.
Sensex plunges 1,300 points in 2 days: What's the reason?
The Indian stock market has witnessed a major crash, with the benchmark Sensex plummeting over 1,300 points in just two sessions. The Nifty 50 index has also lost nearly 2% during this period.
Starlink denies pricing reveal, accepting orders in India
Starlink, the satellite internet company owned by Elon Musk's SpaceX, has denied revealing any pricing or accepting orders for its services in India.
NVIDIA can now sell its H200 AI chip in China
The US Department of Commerce has approved the export of NVIDIA's advanced H200 chips to China.
Trump Media to invest ₹1L crore in city near Hyderabad
Trump Media has announced a massive investment of ₹1 lakh crore in Bharat Future City, a planned city on the outskirts of Hyderabad.
IndiGo cancels 550+ flights across major airports, Bengaluru worst affected
IndiGo, India's leading domestic airline, has canceled a staggering 562 flights across six major airports today. Bengaluru was the worst hit with as many as 150 cancellations.
MEA warns Indians traveling to China: Here's why
Ministry of External (MEA) has issued a warning for Indians planning to travel to China or transiting through Chinese airports.
Wise launches multi-currency card in India amid record outbound travels
Wise, the global fintech company, has launched its multi-currency travel card in India.
This Mumbai-based company is planning ₹2,000cr data center near Chennai
Mumbai-based real estate company, IndiaLand Group, is planning to set up its first data center project in and around Chennai.
Companies in these 25 countries can't contact employees after work
The 'right to disconnect,' the ability for employees to ignore work-related communications after hours, is a growing trend across the globe.
Will RBI cut rates in 2026? Here's what experts say
The Reserve Bank of India (RBI) has surprised markets by cutting the repo rate by 25 basis points (bps) to 5.25%.
Meet BharatGen, IIT Bombay's own AI start-up
The Indian Institute of Technology (IIT) Bombay has taken a major step forward by launching its own artificial intelligence (AI) company, BharatGen Technology Foundation.
India's general insurance sector sees 24% growth after GST exemption
India's general insurance sector witnessed a remarkable growth of 24.1% year-on-year (YoY) in November.
Groww secures SEBI's nod to distribute corporate bonds online
Bengaluru-based wealth tech firm Groww has bagged the Online Bond Platform Provider (OBPP) license from the Securities and Exchange Board of India (SEBI).
China's exports rebound, but shipments to US plunge 29%
China's exports have returned to growth in November, after an unexpected contraction in October.
Sensex falls over 800 points: What's driving today's market crash
India's equity benchmarks, the Sensex and Nifty, witnessed a significant decline today. The Sensex fell by as much as 800 points while the Nifty dropped below the 26,000 mark.
Tata launches India's 1st multi-cap-consumption index fund: Should you invest?
Tata Asset Management has launched India's first multi-cap consumption index fund, the Tata BSE Multicap Consumption 50:30:20 Index Fund.
IBM might acquire data infrastructure firm Confluent for $11B
IBM is said to be in advanced talks to acquire data infrastructure company Confluent for around $11 billion, The Wall Street Journal reported.