Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Uber, Ola might stop operations in Pune from September 2
Cab aggregators, including major players like Uber and Ola, could face a ban on their operations in Pune starting September 2.
SEBI proposes online KYC for NRIs, OCIs and overseas investors
SEBI proposes a fully digital KYC process for NRIs, eliminating physical presence in India, aiming to simplify investment and attract retail investors from abroad.
Zerodha, Angel One get SEBI approval to offer corporate bonds
Leading brokerage firms Zerodha and Angel One have received approval from the Securities and Exchange Board of India (SEBI) to offer corporate bonds on their platforms.
Oil prices fall as US eases military pressure on Iran
Oil prices witnessed a decline on Wednesday, amid reduced fears of military conflict. The United States is now focusing more on economic sanctions to pressure Iran.
Egg prices jump 40%: How ethanol is making breakfast costlier
Egg prices in India have seen a sharp spike, thanks to the rising diversion of maize for ethanol production.
Air India wants $1.5B funding from Tata Sons, Singapore Airlines
Air India is looking for a capital infusion of approximately $1.5 billion from its owners Tata Sons and Singapore Airlines, Reuters reported citing two people familiar with the matter.
Modi government to exempt high-tech sectors from getting BIS certification
Commerce and Industry Minister Piyush Goyal has announced that the government is working on a framework to exempt certain sectors from Bureau of Indian Standards (BIS) certification requirements.
Swiggy Dineout now lets you order food while watching movies
Swiggy Dineout, the dining and reservation arm of Swiggy, has launched a new service for moviegoers.
Indian taxpayer gets relief in an undisclosed foreign assets case
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has rejected an appeal by the Income Tax Department in a case involving alleged undisclosed foreign assets.
Moving abroad for work? You can withdraw your PF early
If you're planning to take up a job abroad, it's important to understand how your Employee Provident Fund (EPF) will be affected.
Indian companies to get DRDO missile tech for indigenous production
The Indian government's push for self-reliance in defense manufacturing has received a major boost.
India's gig economy is neglecting women, says study
A recent study by the International Labor Organization and the National Council of Applied Economic Research has highlighted the underrepresentation of women in India's fast-growing gig economy.
India-US bond-yield spread hits historic low: Should we be worried?
The gap between India's 10-year government bond yield and the US 10-year Treasury yield has shrunk significantly.
RBI's USD-INR forex swap facility attracts inflows worth $73B
The Reserve Bank of India's (RBI) special USD-INR forex swap facility has garnered $72.8 billion in foreign exchange inflows till August 21.
Volkswagen might slash around 140,000 jobs
Volkswagen AG's labor representatives have warned that the company's planned job cuts could affect as many as 140,000 positions.
Bitcoin hits 3-month high of $80,908: What's the reason?
Bitcoin has surged past the $80,000 mark for the first time since mid-May, extending a 23% weekly rally, its biggest in nearly three years.
Vi shares jump over 8%: What's behind the sharp rally?
Vodafone Idea's stock price surged by over 8% in intraday trade today, August 25. The surge has brought the stock close to its 52-week high of ₹15.34.
Augmont Enterprises IPO closes today as GMP stays above 40%
The bidding for Augmont Enterprises' initial public offering (IPO) closes today, August 25.
Smart ring maker Oura plans $3B IPO at $16B valuation
Oura, the innovative smart ring company with offices in San Francisco and Finland, is reportedly gearing up for a US initial public offering (IPO) next month.
Tempsens IPO allotment today: How to check status online
The allotment of shares for the initial public offering (IPO) of Tempsens Instruments (India) Ltd is likely to be announced today.
India's $810M rice trade with Iran faces double whammy
India's $810 million rice trade with Iran is facing a double blow, with fresh US sanctions and the UAE's freeze on trade and financial transactions with Tehran threatening to disrupt shipments and payment channels.
India tweaks sugar import rules: How it affects businesses
The Indian government has revised its rules for duty-free imports of up to 10 lakh tons of raw sugar.
US sanctions 4 India-based firms over Iranian oil trade
The United States has imposed sanctions on four India-based companies for their alleged involvement in trade and procurement networks related to Iranian petroleum and petrochemicals.
Trump purchased shares of Musk's SpaceX this June
US President Donald Trump invested between $15,001 and $50,000 in Elon Musk's SpaceX.
Reliance eyes entry into aluminum industry to take on Adani
Reliance Industries Limited (RIL), led by Mukesh Ambani, is considering a foray into the aluminum industry.
SEBI launches 'Cyber Suraksha' portal to boost market cybersecurity
The Securities and Exchange Board of India (SEBI) has launched a new Cyber Suraksha portal.
Hyundai strike ends with tentative wage deal
Hyundai Motor Company and the union representing its employees have reached a tentative agreement on wages and bonuses.
50% tariff on Canadian steel, cars from January 2027: Trump
US President Donald Trump has announced plans to impose a hefty 50% tariff on Canadian cars, trucks, automotive parts, and steel.
TCS to acquire Porsche's IT arm for €320M
Tata Consultancy Services (TCS) has announced plans to acquire MHP Management-und IT-Beratung GmbH (MHP), a Germany-based management and IT consulting subsidiary of Porsche.
UPI completes 10 years: How India's payments revolution took off
The Unified Payments Interface (UPI), India's revolutionary digital payment system, has completed a decade of operation.
You can now export wheat flour from India again
The Indian government has lifted the export ban on wheat flour and related products with immediate effect.
Selling goods on Amazon and Flipkart has become costlier
Amazon and Flipkart have raised their seller fees ahead of the festive season.
Tempsens IPO closes today as GMP crosses 100%
The initial public offering (IPO) of Tempsens Instruments has garnered strong investor interest on its third and final day of bidding.
India's rare-earth magnet plan might not meet future demand
The Indian government has announced an $800 million plan to produce high-strength neodymium-iron-boron (NdFeB) magnets.
Iran's currency nears 2M to a dollar as pressure mounts
Iran's currency, the rial, is on a downward spiral, nearing the unofficial market rate of two million to a US dollar.
Air India, IndiGo, SpiceJet issue advisories for Delhi passengers
Air India, IndiGo, and SpiceJet have issued travel advisories for passengers due to adverse weather conditions in Delhi.
Godrej to invest ₹20,000cr in Haryana, create 40,000 jobs
Godrej Industries Group has signed a Memorandum of Understanding (MoU) with the Haryana government to invest ₹20,000 crore in the state.
Warner Bros merger: California's AG cancels meeting with Paramount
California's Attorney General Rob Bonta has canceled a meeting with Paramount Skydance executives today, The New York Times reported.
Alibaba shares crash after $10B AI fundraising plan
Alibaba's shares plunged nearly 11% on Monday after the Chinese tech giant announced a massive HK$80 billion ($10.2 billion) share placement to fund its artificial intelligence (AI) expansion.
Gold prices surge to 3-month high
Gold prices have surged to their highest level in over three months, reaching over $4,641 per ounce.
Selection process for next Tata Sons chairman is now underway
The Sir Dorabji Tata Trust (SDTT) has begun the process of forming a selection committee to recommend the next chairman of Tata Sons, as per Moneycontrol.
This renewable energy firm is planning $800M IPO in India
Avaada Electro, the solar manufacturing division of Avaada Group, is gearing up for an initial public offering (IPO) that could raise as much as $800 million, as per Bloomberg.
Modi government reopens AI vendor empanelment: Why it matters
The Ministry of Electronics and Information Technology (MeitY) has reopened its empanelment process for agencies providing artificial intelligence (AI) and machine learning (ML) manpower and project support to the government.
NVIDIA might invest in AI start-up Perplexity at $30B valuation
NVIDIA is considering an investment in AI start-up Perplexity, The Information reported.
SoftBank plans record $6.3B bond issue to fund AI investments
SoftBank Group, the Japanese technology investor, has announced its plan to issue ¥1 trillion ($6.29 billion) worth of seven-year corporate bonds.
Bank unions announce nationwide strikes over 5-day work week, PLI
The United Forum of Bank Unions (UFBU), an umbrella group of major bank employee and officer unions, has called for nationwide strikes.
Skyways Air IPO launches with 23% GMP: Apply or avoid?
Skyways Air Services, a leading air freight forwarding and logistics company based in Delhi, has launched its initial public offering (IPO) today. The issue will close on August 27.
GMR plans $2B expansion at Delhi and Hyderabad airports
GMR Airports, a leading player in India's aviation sector, has announced plans to invest nearly $2 billion (approximately ₹19,400 crore) in the expansion of its New Delhi and Hyderabad airports.
SHEIN launches IPO at $27B valuation, 70% below peak
Fast fashion giant SHEIN has launched its initial public offering (IPO) in Hong Kong, aiming to raise HK$13.86 billion ($1.77 billion).
Centre launches 'Kanda Express' as onion prices rise 45%
The Indian government will launch "Kanda Express" from Monday, a special train service to transport onions from Maharashtra's buffer stock to major consumption centers.
EPFO members should complete 10-year service for monthly pension benefits
The Employees' Provident Fund Organisation (EPFO) has warned its eligible members to complete a mandatory 10-year service period.
Piyush Goyal to lead India's largest business delegation to Japan
Union Minister for Commerce and Industry, Piyush Goyal, will head a 200-member business delegation to Japan from August 24-27.
India-Mexico trade pact nearing completion
The Terms of Reference (ToR) for a potential trade pact between India and Mexico are "almost finalized," government sources have said.
Why Urban Company has sued Kent RO
Urban Company has filed a defamation and disparagement suit against Kent RO Systems in the Delhi High Court.
This hospitality chain is planning ₹1,000cr IPO by December
Pride Hotels, a leading hospitality chain, is gearing up for its initial public offering (IPO) in India by December 2026.
Commerce Secretary to visit Latin America, focus on trade ties
Commerce Secretary Rajesh Agrawal will be visiting Latin America from August 24 to 28.
Flipkart Minutes closing in on Instamart's scale
Walmart-owned Flipkart is giving established players like Swiggy Instamart, Blinkit, and Zepto a run for their money in the quick-commerce space.
New York surpasses San Francisco as US's top tech hub
New York City has outpaced San Francisco as the leading hub for tech talent in the US, according to CBRE.
SpaceX expands supply chain team in India amid Starlink delay
Elon Musk's SpaceX is expanding its supply chain team in India, despite the commercial launch of Starlink being stalled by pending security clearances.
Alibaba to raise $10B via share sale for AI purposes
Chinese e-commerce and cloud computing giant Alibaba has announced plans to raise HK$80 billion (around $10.2 billion) through a share placement.
FPIs invest over ₹23,500cr in Indian equities this August
Foreign portfolio investors (FPIs) have made a major investment in Indian equities this month, pumping in ₹23,544 crore so far.
SBI's total business to reach ₹200L crore by 2030
State Bank of India's (SBI) total business could double to ₹200 lakh crore by 2030, Chairman C S Setty has said.
Market cap of India's top 4 firms down ₹87,960cr
Four of India's top 10 companies witnessed a massive erosion of ₹87,960 crore in their market capitalization last week.
AI creating more jobs than destroying them in India
A recent report by Nomura has revealed that artificial intelligence (AI) is creating more jobs than it is destroying in India.
Starbucks India wants to match scale of Chinese outlets
Starbucks India, in partnership with Tata Consumer Products Ltd (TCPL), is gearing up to resume its aggressive store expansion strategy.
Andhra Pradesh greenlights ₹31,400cr AI data center in Visakhapatnam
The Andhra Pradesh government has approved the establishment of a 512MW green integrated artificial intelligence (AI) data center in Visakhapatnam district.