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Ultraviolette in talks to raise $45 million to $50 million from investors
Ultraviolette is reportedly in discussions to secure $45-50 million from existing investors, following its recent $21 million raise led by TDK Ventures.
India's office REITs enter data centers amid AI cloud surge
India’s REITs are exploring data centres to tap rising AI and cloud demand, but high capital needs and long stabilisation periods restrict broad participation.
India's foreign exchange reserves $716.9 billion after nearly $10B gain
India's foreign exchange reserves rose by $9.905 billion to reach $716.90 billion as of August 14, driven by FCNR(B) inflows and a surge in gold reserves.
Airbus reverses 1-day remote rule, agrees 2 days per week
Airbus has softened its stance on limiting remote work after strikes across Spain, France, and the UK, allowing staff to work from home two days a week instead of one.
India unveils 5-year ₹62,500 cr MPMS to strengthen domestic brands
India launches a five-year ₹62,500 crore Mobile Phone Manufacturing Scheme (MPMS) to boost domestic production and support Indian brands with incentives ranging from 2.25% to 5%.
TiE Mangaluru launches Karnataka's 1st K-Combinator to boost coastal startups
TiE Mangaluru has been chosen to spearhead Karnataka's first K-Combinator initiative, a structured programme aimed at accelerating high-potential startups in the coastal region.
India plans $1.2B incentive scheme to boost local machinery production
India is on the verge of approving a $1.2-billion incentive scheme to promote domestic production of high-value, technologically advanced construction and infrastructure equipment, according to Reuters.
Sensex closes at 77,540.83 as Nifty gains 20.15 points
Sensex and Nifty ended flat amid volatile trading on August 21, as small-cap stocks outperformed while gains in metals and realty were offset by losses in auto and IT sectors.
Kochi tea auctions see price rise ahead of Onam holidays
Tea prices at Kochi auctions surged as Onam holidays halted sales next week, with strong demand for CTC dust and orthodox leaf varieties driving price increases.
Ex-Google engineer's conviction of stealing AI secrets partly overturned
A US federal judge has overturned part of the conviction of Linwei Ding, a former Google engineer accused of stealing artificial intelligence (AI) trade secrets from the tech giant.
Quantum Mutual Fund launches Flexi Cap Fund using GARP strategy
Quantum Mutual Fund has introduced the Quantum Flexi Cap Fund, an open-ended equity scheme investing across market caps. The New Fund Offer (NFO) closes on September 4.
Flipkart's leadership churn deepens as 2 VPs quit
E-commerce giant Flipkart is witnessing a major leadership shake-up with the exit of two senior executives.
Tech giants' AI borrowing strains investors after Amazon $25B bond
The rapid rise in AI-related corporate debt issuance is straining investor demand, with widening spreads and higher yield concessions signaling growing market fatigue.
Atomberg files IPO papers for ₹450cr fresh issue
Mumbai-based consumer appliances manufacturer Atomberg Technologies has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
India turns to battery storage after 8 billion kilowatt-hours wasted
India is ramping up investments in battery storage to tackle solar power curtailments, with 11% of solar energy lost during peak summer months due to grid limitations.
Abbott agrees to $670M settlement over infant formula lawsuits
Abbott Laboratories has agreed to a $670 million settlement to partially resolve ongoing litigation over its specialty formulas for preterm infants.
Zydus Lifesciences wins FDA approval to sell ascorbic acid injection
Zydus Lifesciences received USFDA approval for its generic Ascorbic Acid Injection, eligible for 180-day exclusivity, targeting $11.6 million annual US sales.
Bitcoin jumps nearly 9% amid short squeeze and investor inflows
Bitcoin soared nearly 9% in a single day, crossing $79,000 as institutional inflows, regulatory optimism, and a sharp short squeeze fueled a broader cryptocurrency market rally.
Citigroup to join Anthropic's IPO advisory team
Anthropic, a leading player in the artificial intelligence space, is adding Citigroup Inc. to its list of banks for its initial public offering (IPO), according to Bloomberg.
Eurozone PMI hits 52.1 in August as manufacturing recovers
Euro zone business activity reached a 9-month high in August, driven by robust manufacturing growth, stronger new orders, and renewed export demand amid easing price pressures.
RBI ends dollar deposit scheme August 31, funding costs rise
Indian banks face higher funding costs after the Reserve Bank of India unexpectedly ended its special dollar deposit window early, pushing three-month CD rates to 6.59%.
PNB and Indian Army launch LUXURA Metal Parakram credit cards
Punjab National Bank has signed an MoU with the Indian Army to introduce exclusive credit cards, offering tailored financial and lifestyle benefits for serving Army personnel.
Unitree Robotics stock jumps 600% on Shanghai debut day
Chinese robot maker Unitree debuted with a 600% premium in Shanghai, but its CEO cautions that a transformative leap in humanoid robot software may still be years away.
US blockade renewal coincides with 10% Iranian crude near Singapore
The US blockade has sharply reduced Iranian oil availability for Chinese refiners, driving prices higher and leaving Tehran with millions of barrels stranded on vessels.
Strategy's unrealized Bitcoin gains jump $1.4B after 5 day surge
Strategy's bitcoin holdings hit a $1.4 billion unrealized gain as BTC surged 22% in five days, pushing its stock up 10% to a two-month high of $120.
Goldman Sachs climbs to 2nd among Indian investment banks
Goldman Sachs has emerged as a key player in India's government share sales, advising on five of 10 major transactions since December, surpassing several local banking giants.
TCS named digital partner for ICC sanctioned European T20 league
Tata Consultancy Services (TCS) has become the digital transformation partner for the European T20 Premier League, focusing on AI-driven fan engagement and innovation.
Zerodha's Nithin Kamath urges fintech founders to build AI interfaces
Zerodha CEO Nithin Kamath predicts a radical shift in trading, envisioning AI-driven personalized interfaces replacing traditional broker apps and transforming market interactions.
Microsoft seeks legal engineer to modernize legal work with AI
Microsoft is recruiting a Legal Engineer to integrate AI into its legal operations, blending legal expertise with technology to enhance efficiency and guide future investments.
Amazon fined ₹1L for selling sweets as Ram Mandir prasad
The Central Consumer Protection Authority (CCPA) has slapped a fine of ₹1 lakh on Amazon Seller Services.
Anthropic India's Irina Ghose urges CEOs to deploy AI strategically
Anthropic India MD Irina Ghose emphasized the need for Indian CEOs to move beyond experimenting with AI chatbots and focus on creating impactful solutions using the technology.
EPFO clarifies interest on inoperative EPF accounts until age 58
EPFO clarifies that EPF accounts stop earning interest once they become inoperative at age 58, though the balance remains intact and accessible to the member.
Augmont Enterprises IPO opens with 38% GMP: Apply or avoid?
Jewelry and bullion platform Augmont Enterprises has opened its initial public offering (IPO) for subscription today. The three-day bidding window will remain open till August 25.
Apollo Micro Systems defense and aerospace company secures ₹81cr orders
Apollo Micro Systems has secured ₹81 crore worth of orders from defence PSUs, state governments, and private industries, bolstering its consolidated order book of ₹1,704 crore.
United States nuclear industry prepares feedback on India's draft rules
The U.S. nuclear industry, led by USISPF, is preparing a detailed submission to India’s Department of Atomic Energy on draft regulations under the SHANTI Act by September 4.
Meesho to hire over 1 million seasonal workers this festival
Meesho plans to generate over 10 lakh seasonal jobs across its seller and logistics ecosystem, driven by increased demand during the upcoming festive season in India.
Rapido's Ownly app handles 50,000 Bengaluru orders daily, 0 commission
Rapido's Ownly has swiftly captured 10% of Bengaluru’s food delivery market, achieving 50,000 daily orders within five months and challenging the dominance of Swiggy and Zomato.
Nobel Hygiene files draft papers with SEBI for ₹150cr IPO
Quadria Capital-backed Nobel Hygiene Ltd has filed draft papers with SEBI for an IPO, comprising a ₹150 crore fresh issue and an Offer-for-Sale of 1.55 crore equity shares.
Anand Rathi recommends subscribe long term for Hy-Tech Engineers IPO
Anand Rathi recommends a "Subscribe - Long Term" rating for Hy-Tech Engineers Ltd's IPO, citing its strong market presence and growth potential in the hydraulic fittings industry.
ICICI Bank board approved $5 billion overseas borrowing limit
ICICI Bank's board has approved raising up to $5 billion through bonds, notes, and offshore certificates of deposit in international markets, enhancing its funding flexibility.
Hindustan Copper rises 3.6% as global copper prices climb
Hindustan Copper shares surged nearly 4% on Friday, fueled by rising global copper prices amid a weaker US dollar and strong technical indicators signaling bullish momentum.
Bitcoin jumps nearly 20% to about $74,500 this week
Bitcoin is set for its largest weekly gain since March 2024, climbing nearly 20% amid market optimism fueled by US Treasury bond buybacks and renewed institutional interest.
Senior citizens in India can get up to 8.5% FDs
Senior citizens can earn up to 8.5% interest on fixed deposits, with small finance banks offering the highest rates. Comparing rates and tenures helps maximise returns effectively.
Chinese stocks steady as Liao Min hints fiscal support measures
China's stock markets remained subdued on Friday as investors balanced expectations of additional fiscal support against weak domestic demand and global bond market uncertainties.
India's 1st biopolymer plant expected to open in Lakhimpur Kheri
India's inaugural large-scale biopolymer plant in Lakhimpur Kheri, Uttar Pradesh, built with a Rs 3,080 crore investment, is set to begin operations in October.
Apple lays off over 60 employees from Vision team
Apple has laid off more than 60 employees from its Vision team, according to AppleInsider.
Bitcoin jumps past $75,500 to hit 6-month high
Bitcoin has crossed the $75,500 mark for the first time since early February 2026.
India's private sector activity recovers slightly in August
India's private sector activity saw a slight recovery in August, according to the latest data from S&P Global.
Indian rupee gains 9 paise to 95.65 against US dollar
The Indian rupee rose 9 paise to 95.65 against the U.S. dollar on Friday, supported by a weaker greenback globally despite challenges like elevated crude oil prices.
Micron CEO calls memory AI infrastructure amid $250B US investment
Micron CEO Sanjay Mehrotra emphasizes that artificial intelligence relies heavily on advanced memory technology, calling it the "strategic infrastructure" essential for the AI era.
Indian shares open cautiously with Sensex and Nifty higher
Sensex and Nifty edged up slightly on Friday as elevated crude oil prices and U.S. market declines kept investors cautious, with Brent crude trading near $93 per barrel.
OpenAI regains ground against Anthropic in business sector
OpenAI, the artificial intelligence (AI) powerhouse behind ChatGPT, is closing the gap with its competitor Anthropic in the US business sector.
Gold up 11% in August: What's driving the latest rally?
Gold prices are set to witness their third consecutive weekly gain after the US Treasury's unexpected increase in buybacks of long-dated government debt.
India private sector posts mild August rebound, HSBC PMI 54.6
India's private sector activity saw a slight recovery in August, driven by services growth, as the Composite PMI rose to 54.6 from July's 52-month low of 54.3.
Technocrats Plasma Systems IPO lists at 74% premium
Technocrats Plasma Systems Ltd. made a stellar debut on the stock market today, with its shares opening at ₹230 per share on BSE.
Kotak Institutional Equities downgrades Infosys TCS LTI Mindtree over risk-reward concerns
Kotak Institutional Equities downgraded Infosys, TCS, and LTM, citing pricing pressures and AI-driven risks while favoring mid-tier challengers for growth potential.
Hindustan Zinc stock jumps 7% to ₹595.30 amid silver rally
Hindustan Zinc shares jumped 7% in two sessions, driven by climbing silver prices and strong Q1 FY27 earnings, including a 145% YoY net profit surge to Rs 5,469 crore.
Bitcoin tops $75,576, highest since February, adds $190B to crypto
Bitcoin crossed $75,576 for the first time since February 2026, gaining 7.87% in 24 hours, but experts advise caution amid stretched market conditions.
Lumino Industries opens ₹700Cr IPO priced ₹78-82 per share
Lumino Industries Ltd is set to launch its ₹700 crore Initial Public Offering (IPO) on August 27, with a price band of ₹78-82 per share.
Anand Rathi recommends Augmont Enterprises IPO for long term gains
Anand Rathi recommends subscribing to Augmont Enterprises Ltd's IPO, citing its strong brand, extensive network, and robust digital ecosystem for long-term growth.
South Korea announces future response fund to help young people
South Korea plans a "Future Response Fund" to utilize semiconductor tax windfalls for youth support programs and investments in AI and strategic technologies.
China rolls out fiscal measures to revive slowing 2026 economy
China is set to introduce additional fiscal measures, including loan subsidies, to support businesses and consumers as economic growth falls below the government's annual target.
Indian markets open calmly Friday with Sensex 77,592.17 Nifty 24,248.95
Indian equities opened on a positive note as Sensex rose 54.45 points to 77,592.17, and Nifty gained 17.10 points to reach 24,248.95 amidst mixed global cues.
Colgate-Palmolive India appoints Manish Anandani MD, CEO for 5 years
Manish Anandani will succeed Prabha Narasimhan as Colgate-Palmolive India's managing director and CEO on September 28, bringing three decades of leadership and industry experience.
Prabha Narasimhan leaving Colgate-Palmolive India for Asia Pacific marketing EVP
Colgate-Palmolive India's MD & CEO Prabha Narasimhan will step down in September 2026 to assume a global role as Executive Vice President - Marketing, Asia Pacific division.
Rising RAM costs push budget TV prices higher in India
Rising RAM prices are driving up costs, with budget TVs in India set to face the biggest impact, following similar trends seen in smartphones and laptops.
Crane Venture launched $150 million fund for Indian AI and deeptech
India's deeptech and AI ecosystem is the world's most undervalued asset class, says Crane Venture Partners, citing immense potential for capital-efficient, global-scale outcomes.
Sunshine Pictures IPO allotment expected today after 105.81 times demand
Sunshine Pictures’ Rs 282-crore IPO allotment is set for today, August 21. The grey-market premium suggests a potential 22% listing gain over the issue price.
Lumino Industries launches IPO Aug 27 to raise ₹700cr
Lumino Industries has set its IPO price band at ₹78-₹82 per share, with subscriptions open from 27-31 August. The company aims to raise ₹500 crore through this public issue.
Broadcom seeks over $60B financing for AI chip deal
Broadcom is negotiating with lenders to raise over $60 billion in debt for AI chip deals, potentially reaching $100 billion, benefiting firms like Anthropic and OpenAI.
Clear Eyes Maximum Itchy Eye Relief recall affects 39,060 bottles
Clear Eyes Maximum Itchy Eye Relief drops have been recalled due to potential contamination risks, affecting 39,060 bottles distributed across the U.S., according to the FDA.
Nomura cuts China's Q3 GDP forecast to 4.3% y-o-y
Nomura highlights a positive outlook for Alibaba's AI and cloud growth, strong performances by NetEase and J&T Express, but flags China's economic slowdown.
Kakao to spin off platform business as tentatively named KakaoAI
Kakao Corp plans to spin off its chat app-based platform business into KakaoAI, focusing on AI and commerce, with relisting set for January 2027.
Anthropic adds Citigroup to top banks guiding its IPO
Anthropic PBC plans to include Citigroup among top advisers for its highly anticipated IPO, joining Morgan Stanley, Goldman Sachs, and JPMorgan Chase in the advisory ranks.
Netweb Technologies raises ₹1,200 cr in discounted institutional placement
Netweb Technologies secured ₹1,200 crore through a qualified institutional placement (QIP), issuing shares to major fund houses like Goldman Sachs and Nomura at a discounted price.
Hyundai union holds 1st full strike after wage talks collapse
Hyundai Motor's South Korean union launched its first full strike in 10 years, demanding higher retirement age, increased bonuses, and job security amid stalled wage negotiations.
NVIDIA denies plans for language processing unit for China
Nvidia refuted a report by The Information, stating it has no plans to ship a language processing unit (LPU) tailored for Chinese customers by year-end.
Delhi launches ramp with ₹49.74cr to help over 30,000 MSMEs
The Delhi government has initiated a capacity-building programme under the Centre’s RAMP scheme, aiming to train over 30,000 MSMEs and enhance market access by January 2027.
Oil prices climb amid U.S.-Iran tensions disrupting Middle East shipping
Crude oil prices edged closer to $95 as the U.S.-Iran conflict disrupted Middle East supplies. Experts warn prolonged tensions could push Brent prices beyond $120 per barrel.
Abbott Laboratories agrees $670 million settlement over premature infant formula claims
Abbott has agreed to a $670 million settlement to resolve claims alleging its specialty formulas caused necrotizing enterocolitis in preterm infants, without admitting liability.
The Economic Times lists nominees for 12th Startup Awards
The 12th edition of ETSA highlights India's thriving startup ecosystem, revealing nominees for "Startup of the Year" and "Midas Touch" ahead of the jury's decision on August 25.
Indian markets to start quietly with Gift Nifty at 24,314.5
Gift Nifty rose 17 points to 24,314.5 on Friday morning, signaling a cautious start for Indian markets as higher crude oil prices and global economic concerns weigh on sentiment.
Gold jumps to $4,530 as US Treasury speeds buybacks
Gold is set for a third consecutive weekly rise, climbing over 3% this week to $4,530 an ounce, driven by the US Treasury's unexpected debt buyback announcement.
Augmont Enterprises opens IPO at ₹750-788 per share raising ₹825cr
Augmont Enterprises' ₹825 crore IPO opens today with a price band of ₹750-788, offering a minimum bid of 19 shares and listing planned on NSE and BSE.
SpaceX and AST SpaceMobile consider buying $6B 800 MHz licenses
SpaceX and AST SpaceMobile are reportedly exploring bids for Grain Management's 800 MHz spectrum, valued at $6 billion, to bolster satellite-based telecom services.
US debt hits record $40 trillion as spending outpaces revenue
U.S. national debt has surpassed $40 trillion, driven by excessive government spending, surging entitlement programs, and bipartisan fiscal policies exceeding historical norms.
Asian markets slip as oil and bond yields rise
Asian shares faced weekly losses as rising global bond yields and elevated oil prices fueled inflation concerns, impacting investor sentiment across major regional indices.
SEBI finds 88% of individual derivatives traders lost ₹91,685 cr
In FY26, 88% of retail investors in India's equity derivatives market incurred losses, with net losses totaling ₹91,685 crore, as regulatory changes curbed speculative trading.
Japan's core inflation hits 1.8% in July, BOJ meeting looms
Japan's core consumer inflation rose to 1.8% in July, up from 1.6% in June, bolstering expectations for a potential Bank of Japan rate hike in September.
India IT firms rebalance seniority and hire AI augmented talent
India's top IT firms are restructuring employee hierarchies as automation drives demand for AI-native freshers and experienced talent, reshaping traditional workforce economics.
Indian markets end week-long losing streak, Sensex and Nifty rise
Indian equity markets surged nearly 1% Thursday, driven by a retreating dollar index and cooling US bond yields, despite rising domestic bond yields and higher crude oil prices.
Micro1 lifts revenue run rate to $500 million in 8 months
Micro1, a four-year-old data-labeling startup, has rapidly scaled its gross annual run rate from $100 million to $500 million in just eight months amid soaring AI training demand.
Poonam Gupta says India may beat RBI 6.7% growth estimate
India's GDP growth may exceed the Reserve Bank of India's projected 6.7% this fiscal, driven by resilience and favorable indicators, according to RBI deputy governor Poonam Gupta.
India launches green channel to speed European and British investment
India plans a "green channel" to streamline European and UK investments, offering dedicated support for approvals amidst recent liberalization in insurance and banking sectors.
Noel Tata leads Tata Trusts search for Tata Sons chair
Noel Tata has initiated the informal search for Tata Sons' next chairman, meeting Deepak Parekh to discuss the proposed succession committee's formation.
India refreshes investment treaties cutting local remedies to 1 year
The Indian government plans to revise its model bilateral investment treaty, reducing the arbitration wait period from five years to one, aiming to attract foreign investors.
BSE approved for FTSE Russell equity indexes from March 2027
FTSE Russell has deemed India’s BSE eligible for its equity indices, enabling BSE-listed stocks to be assessed for index inclusion starting from the March 2027 review.
Welspun Corp secures ₹17,200cr US pipe contract, boosts ₹42,100cr orderbook
Welspun Corp has won its largest-ever order worth ₹17,200 crore to supply pipes from its US facility, boosting its global order book to a record ₹42,100 crore.
Christine Hunsicker sentenced to 5 years for $300 million fraud
Christine Hunsicker, ex-CEO of CaaStle Inc, received a five-year federal prison sentence for orchestrating a $300m fraud scheme that misled hundreds of investors.
Enhanced Games lose nearly $62 million despite single swimming world record
The Enhanced Games, dubbed the "steroid Olympics," failed to deliver on competitive and commercial promises, with organizers reporting a staggering $60 million loss in Q2 2026.
Former SpaceX executives' Castelion raises $1 billion, valued $13 billion
Castelion, a missile startup founded in 2022, raised $1 billion in Series C funding at a $13 billion valuation to accelerate production of its Blackbeard hypersonic missiles.
Former Spirit Airlines flight attendants challenge $10 million Google AI deal
Former Spirit Airlines employees are opposing a $10 million deal transferring company records to Google, citing inadequate protections for sensitive employment data.
Maharashtra order freezes 2900cr Tata Trusts's dividend and adjourns AGM
Regulatory restrictions on Sir Ratan Tata Trust have delayed ₹2,900 crore dividend payouts, raising questions about exploring urgent legal remedies to protect financial interests.
Barracuda Networks opens 5 Cybersecurity Centres of Excellence in Karnataka
Barracuda Networks has launched five Cybersecurity Centres of Excellence in Karnataka, aiming to bridge the skill gap and enhance cybersecurity expertise in second-tier cities.
Anthropic preparing public filing for mega IPO by August 2026
Anthropic PBC is gearing up for a potential mega-IPO this month, aiming to match or surpass SpaceX's $75 billion record-setting debut, reshaping the AI investment landscape.
Nielsen prepares for AI era shaping personalized content and ads
Nielsen is gearing up for an "agent-first" era, where personal AI agents influence content and ad visibility, reshaping audience measurement amid growing media fragmentation.
HDFC Bank raises $1.75bn via GIFT City amid FCNR(B) closure
HDFC Bank secured $1.75 billion via twin-tranche offshore bonds as Indian banks expedite foreign-currency fundraising ahead of RBI's early closure of the FCNR(B) deposit window.
HDFC Bank raises $1.75 billion via GIFT City bond sale
HDFC Bank secured $1.75 billion via senior unsecured bonds from its GIFT City branch, marking the largest overseas fundraising by an Indian bank since the 2008 financial crisis.
Andra Mallard stepping down at Microsoft to care for father
Andra Mallard, Microsoft's AI chief marketing officer, is leaving after six months amid Copilot's competitive struggles against ChatGPT and Claude. Her role will not be replaced.
Upstox explores IPO to raise ₹3,351-3,829cr and allow investor exits
Upstox has initiated discussions with investment banks for a $350-400 million IPO and recently surpassed 2 crore KYC-registered customers, marking significant growth milestones.
Anthropic aims to break SpaceX's record IPO
Anthropic, the artificial intelligence (AI) company behind Claude, is gearing up for a potential initial public offering (IPO).
Augmont Enterprises secures ₹246.29cr from 14 anchor investors before IPO
Augmont Enterprises raised ₹246.29 crore from 14 anchor investors, allotting 31.25 lakh shares at ₹788 each, ahead of its ₹825-crore IPO launch scheduled for Friday.
The Standard to grow Bengaluru office to nearly 400 employees
US-based financial services firm The Standard aims to grow its India Global Capability Center (GCC) in Bengaluru to nearly 400 employees by year-end.
Anand Mahindra, S Somanath join RBI board for 4-year term
The government has reappointed Anand Mahindra and appointed ex-ISRO chief S Somanath as part-time, non-official directors on the RBI board for four years starting August 2026.
IndiGo captures 67.4% of India domestic market in July 2026
IndiGo achieved a record 67.4% domestic market share in July, even as India’s air traffic declined due to higher fuel costs and reduced airline capacity.
Manipal Hospitals reports 1st quarterly results since listing, ₹243cr profit
Manipal Hospitals posted a ₹243 crore PAT in Q1 FY27, its first quarter post-listing, with revenue surging 38.1% year-on-year to ₹3,091 crore.
RBI advances special FCNR(B) deadline to August 31, 2026
The Reserve Bank of India has advanced the deadline for its special FCNR(B) deposit swap facility to 31 August, offering NRIs limited time to secure higher interest rates.
India derivatives: proprietary earn ₹44,500 cr, retail lose ₹72,000 cr
Proprietary trading firms earned ₹44,500 crore in fiscal 2026, while individual traders faced a staggering ₹72,000 crore loss amid cooling market activity.
IMF's Silvana Tenreyro warns AI investment may raise inflation
Artificial intelligence may boost productivity, but IMF's Silvana Tenreyro warns its inflation impact remains uncertain due to potential supply-demand imbalances.
Mopshop Distribution IPO retail portion 2.09x subscribed shares at ₹138
Mopshop Distribution's Rs 27.25 crore IPO was fully subscribed by August 20, driven by strong retail investor demand, with the retail portion oversubscribed at 2.09 times.
Walmart shares fall 10% to $103 after weak US sales
Walmart shares tumbled 10% to a nine-month low of $103 after reporting its slowest US comparable sales growth in six years, driven by pricing pressures and rising gasoline costs.
India allows tax-free sugar imports to bring down domestic prices
In a major policy shift, the Indian government has allowed duty-free imports of raw sugar.
Oil prices near $95 amid US-Iran war concerns
Oil prices remained stable on Friday, but are on track for a second consecutive weekly gain.
Bitcoin tops $73,656.14 on August 20 as golden cross debated
Bitcoin surged past $72,000, nearing a potential golden cross as its 50-day SMA approaches the 200-day SMA, signaling a possible long-term bullish trend.
India's mutual fund industry grows 143% in last 5 years
India's mutual fund industry has witnessed a massive growth of 143% in the last five years, with the total assets under management (AUM) reaching an impressive ₹85.76 lakh crore in July 2026.
Budget smartphone shipments fall sharply as 'RAMpocalypse' hits India
India's smartphone market, the second largest in the world, is witnessing a major shift.
Gen Z investors lead India's new investing wave
India's retail investing landscape is witnessing a major transformation, with an increasing number of young investors from Tier-2 and Tier-3 cities.
OpenAI plans IPO in 2027, CFO tells staff
OpenAI's Chief Financial Officer (CFO) Sara Friar has told employees that the artificial intelligence (AI) lab is planning to go public in 2027.
Did Musk's SpaceX try to acquire Cognition?
Cognition, an AI coding start-up, has denied rumors of a potential acquisition by Elon Musk's SpaceX.
Apple opposes OpenAI's bid to dismiss trade secret lawsuit
Apple has responded to OpenAI's motion to dismiss a lawsuit filed recently by the iPhone maker.
Sensex gains over 650 points: What's behind today's rally?
The Indian stock market made a comeback on Thursday, with the Sensex and Nifty indices witnessing significant gains.
Tempsens IPO fully subscribed in an hour, GMP hits 77%
Tempsens Instruments (India)'s ₹650-crore initial public offering (IPO) was fully subscribed within its first hour on Thursday, propelled by strong retail and non-institutional demand.
Evergrande founder jailed for life after property giant's $300B collapse
Hui Ka Yan, the billionaire founder of China's Evergrande Group, the world's most indebted property developer, has been sentenced to life imprisonment by a Chinese court.
Sachin Bansal's Navi raises $100M at $1.3B valuation
Navi, the fintech company founded by Flipkart co-founder Sachin Bansal, has raised $100 million in its first institutional funding round.
Meta launches Startup School to help early-stage Indian brands scale
Meta has announced the launch of the 'Meta Startup School,' to help early-stage consumer brands in India.
Cognition denies report that SpaceX tried to acquire AI start-up
Scott Wu, the CEO of AI coding start-up Cognition, has denied a recent report claiming that Elon Musk's SpaceX attempted to acquire his company.
Brent crude crosses $92 as oil rises for 5th session
Oil prices have surged for the fifth consecutive session, with Brent crude, the global oil benchmark, crossing $92 a barrel.
Trump urges Fed to lower interest rates
US President Donald Trump has urged the Federal Reserve to lower interest rates in its next policy meeting.
US national debt crosses $40 trillion for first time
The United States' national debt has surpassed the $40 trillion mark for the first time in history, according to government data.
SEBI bars JPMorgan unit from markets over alleged manipulation
The Securities and Exchange Board of India (SEBI) has banned a Mauritius-based unit of JPMorgan Chase & Co. from the capital market.
Chipmaker Marvell wants Google to buy stake worth around $12.18B
Marvell Technology has issued a warrant to Alphabet's Google, giving the tech giant an option to buy a stake worth about $12.18 billion.
SBI to revise cash withdrawal charges from October 1
The State Bank of India (SBI) will revise its charges for cash withdrawals from Basic Savings Bank Deposit (BSBD) accounts operated through the branch channel starting October 1, 2026.
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.