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Ganesh Gopalan of Gnani.ai says outcomes beat AI models
Gnani.ai CEO Ganesh Gopalan emphasizes that measurable business outcomes, not technical models, are the key factor in enterprise AI adoption decisions.
Major European IT firms integrate AI into legacy enterprise systems
Europe's legacy tech companies like SAP and Capgemini are emerging as key beneficiaries of the AI boom, excelling in integrating complex systems rather than building models.
RBI proposes standardized home loan interest rules to boost transparency
The RBI's proposed changes aim to standardise interest calculation and rate resets, enhancing transparency and predictability in home loan pricing for borrowers.
GlobalFoundries's India team monitors, troubleshoots US Germany and Singapore fabs
India plays a pivotal role in GlobalFoundries by remotely monitoring and optimizing semiconductor factories worldwide, leveraging top-tier AI and engineering talent.
Japanese yen at 40-year low over ¥160 per US dollar
The yen has plunged to its weakest level since 1986, exposing Japan's structural economic issues and highlighting the limits of its monetary policy amid global financial pressures.
India launches 2 IN-SPACe schemes offering 30% to 100% funding
India's Department of Space has unveiled two schemes offering up to 100% financial support for launches, technology access, and satellite data to boost private space ventures.
RBI holds repo rate at 5.25% says Governor Sanjay Malhotra
The Reserve Bank of India has maintained the repo rate at 5.25%, signaling no immediate reduction in home loan EMIs for borrowers with floating-rate loans.
RBI to reopen urban cooperative bank licensing after 2004 pause
The Reserve Bank of India has released draft guidelines to restart licensing urban co-operative banks, ending a 22-year pause since halting new licences in 2004.
India's services growth slows with S&P Global PMI at 53.3
India's services sector growth decelerated in July, with PMI dropping to 53.3 from June's 57.4, reflecting weaker business activity and softer demand across markets.
NSE options straddles spike as new end-of-day auction takes effect
An unusual price movement in Nifty 50 Index options straddles emerged as traders adapt to a new closing price mechanism, sparking volatility and potential trading opportunities.
SoftBank-backed OfBusiness targets $800 million IPO with $200 million fresh shares
OfBusiness, backed by SoftBank, is exploring a potential $800 million IPO with plans to file draft papers by November, involving fresh shares and existing investor sales.
Japan's Nikkei soars 3.16% on AI stocks and earnings
Japan's Nikkei soared over 3%, driven by a rally in AI-related stocks and strong corporate earnings, while softer oil prices further supported market sentiment.
Freshworks posts Q2 2026 profit, revenue up 16% to $237.4 million
Freshworks reported a 16% year-on-year revenue growth to $237.4 million in Q2, achieving GAAP profitability with $6.1 million operating income after a loss last year.
RBI holds key rate at 5.25%, Indian yields barely move
Indian bonds traded steadily at a 6.78% yield on August 5, as the RBI maintained interest rates at 5.25% and Brent crude prices dropped below $80 per barrel.
Oracle funds AI push through heavy borrowing, rating near junk
Oracle's aggressive AI infrastructure spending, funded heavily by debt and leases, has pushed its credit rating to BBB-, raising fears of a potential downgrade to junk status.
India services growth slows to weakest in over 4 years
India's services sector growth in July slowed to its weakest pace in over four years, with the HSBC India Services PMI dropping sharply to 53.3 from June's 57.4.
SpaceX spent $295M on Tesla Megapacks in Q2
SpaceX has made a major investment in Tesla's Megapack battery storage devices, spending $295 million in Q2 and a total of $329 million so far this year.
Ola Electric shares jump 7.5% after Axis Energy 20GWh pact
Ola Electric Mobility shares jumped over 7% after the company signed an MoU with Axis Energy to deploy 20 GWh battery energy storage systems under its upcoming Mahashakti platform.
JSW Group near securing 51% stake in auto joint venture
JSW Group is set to hold a 51% stake in a proposed joint venture with Skoda Auto Volkswagen India, focusing on EV development, localisation, and export-oriented manufacturing.
Bitcoin trades near $64,000 as global stocks reach new highs
Bitcoin held steady near $64,000 as global equities hit record highs and Brent crude dipped on optimism surrounding a potential Strait of Hormuz reopening deal.
RBI lowers FY 2027 inflation forecast 5% holds repo 5.25%
The Reserve Bank of India, in its August 2026 MPC meeting, reduced the FY27 inflation forecast to 5% from 5.1%, while keeping the repo rate steady at 5.25%.
RBI raises FY27 GDP forecast to 6.7% after stronger Q1
The Reserve Bank of India has revised its FY27 GDP growth forecast to 6.7%, up from 6.6%, citing better-than-expected economic performance in Q1 despite global uncertainties.
Jeff Bezos selling 15 million Amazon shares worth $4.1 billion
Amazon founder Jeff Bezos plans to sell 15 million shares worth $4.1 billion after the company's stock hit a record high, following strong quarterly earnings driven by AWS growth.
RBI holds repo rate at 5.25% to keep inflation stable
The Reserve Bank of India’s decision to keep the repo rate unchanged at 5.25% signals stability in fixed deposit interest rates, limiting prospects for immediate hikes.
Reserve Bank of India holds key interest rate at 5.25%
The Reserve Bank of India held its repo rate steady at 5.25%, prioritizing inflation management and growth support amid global monetary tightening and geopolitical uncertainties.
RBI holds repo rate at 5.25% for 5th consecutive time
The Reserve Bank of India's Monetary Policy Committee maintained the repo rate at 5.25%, continuing its pause since October 2025 amid rising inflation and global uncertainties.
Anthropic signs $10B AI cloud deal with Volta
Anthropic has signed a massive $10 billion deal with AI cloud start-up Volta.
RBI keeps repo rate unchanged at 5.25%
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.25%.
Aastha Spintex secures 51.46cr order book for Falcon Yarns
Aastha Spintex announced a Rs 51.46 crore order book for Falcon Yarns, ensuring strong demand visibility through October 2026 with orders spanning 17.35 lakh kg of cotton yarn.
SpaceX reports 92% revenue jump, driven by AI and Starlink
SpaceX has announced a whopping 92% jump in revenue for the second quarter, its first earnings report since going public.
China's services growth slows to 10-month low
China's services sector growth has slowed down to its lowest pace in nearly a year, with the Purchasing Managers' Index (PMI) falling sharply from 54.1 in June to 50.4 in July.
Indian government bonds firm as oil prices fall, RBI awaited
A sharp drop in oil prices improves India's inflation outlook, supporting government bonds ahead of the Reserve Bank of India's policy decision and economic projections commentary.
Indian markets rally as Sensex rises, RBI policy announcement awaited
Indian markets opened in the green, with Sensex rising 451 points and Nifty crossing 24,600, as investors awaited the RBI's monetary policy decision amid strong global cues.
Sensex climbs over 387 points as Nifty crosses 24,600
Sensex climbed 387 points, nearing 78,816, while Nifty crossed 24,600 as firm global cues and easing geopolitical tensions fueled investor confidence on Wednesday.
Indian stocks rally, Sensex 79,055.38 as Brent falls below $80
Sensex and Nifty opened higher as hopes for a US-Iran peace deal boosted investor sentiment, while sliding crude oil prices further supported the positive market momentum.
Indian bonds rise as 10-year bond yield slips to 6.7793%
Indian bonds gained as Brent crude prices dropped below $80 per barrel, easing investor concerns. The 10-year bond yield fell to 6.7793% ahead of the RBI policy review.
Asian markets rally as tech demand lifts stocks despite selloffs
Asian stock markets soared as robust tech earnings boosted Wall Street to record highs, while declining oil prices eased inflation concerns and supported global bond markets.
Indian rupee rises 46 paise as markets await RBI policy
The Indian rupee opened 46 paise higher against the US dollar, reflecting positive market sentiment as investors await key policy decisions from the Reserve Bank of India.
AMD forecasts $13B Q3 revenue, shares fall nearly 9% after-hours
AMD projected strong quarterly revenue above estimates, driven by AI chip demand, but shares dropped nearly 9% as investors anticipated a more optimistic outlook.
Samsung and SK Hynix consider AMEC equipment for Chinese factories
Samsung and SK Hynix are evaluating Chinese firm AMEC's chipmaking tools amid U.S. export restrictions, potentially opening doors for China's semiconductor equipment industry.
China services PMI at 50.4 in July as spending slows
China's services sector growth slowed in July, with the PMI dropping to 50.4, its weakest since September 2024, as softer domestic demand hindered new business expansion.
Molbio Diagnostics launches IPO at ₹768-807 with ₹200cr fresh issue
Molbio Diagnostics has set its IPO price band at ₹768-807 per share, with the ₹930.7-crore issue opening for subscription on August 10 and closing on August 12.
Alibaba's Qwen 3.8-Max outperforms GPT-5.6 Sol and Gemini 3.1 Pro
Alibaba’s open-sourced Qwen 3.8-Max showcases cutting-edge capabilities, while rising rogue AI incidents and skyrocketing capital expenditures spark growing industry apprehensions.
BNP Paribas warns AI may reshape spending by India's affluent
Artificial intelligence may decelerate affluent consumption in India, with early stress signs expected in quick-service restaurants and credit cards.
NVIDIA invests $75 million in Sarvam AI, 1st-ever Indian startup investment
Nvidia makes its first Indian investment by backing Sarvam AI's $75M Series B extension, while Sidbi revises fund rules to accelerate VC capital deployment.
Manipal Health Enterprises lists after ₹9,275-cr IPO with QIBs-led subscription
Manipal Health Enterprises is set to list on BSE and NSE today, with a muted grey market premium of ₹2.5 signaling a flat-to-discount debut despite healthy IPO demand.
Indian rupee closes flat at 95.37 as markets await RBI
The Indian rupee closed nearly unchanged at 95.37 on Tuesday, supported by importer hedging demand and FPI inflows, amid caution ahead of the monetary policy announcement.
Brent crude slips under $80 on Strait of Hormuz hopes
Brent crude dropped below $80 per barrel, a three-week low, amid optimism over the Strait of Hormuz reopening. The government pledged measures to cushion fuel price volatility.
Persistent Systems CEO Kalra: AI could cut IT effort 25-30%
Persistent Systems CEO Sandeep Kalra predicts AI-driven tools will reduce IT effort by over 30% as technology matures and adoption grows among larger clients.
Gold steadies at $4,069.41 as Qatar draft advances Hormuz reopening
Gold prices remained stable near $4,070 an ounce as progress on reopening the Strait of Hormuz eased inflation concerns and reduced US rate-hike expectations.
RBI considers unified AI guidelines emphasizing human oversight and kill-switches
The Reserve Bank of India is deliberating comprehensive AI guidelines as banks and non-banks increasingly adopt the technology, raising concerns over risks and regulatory gaps.
AMD beats Q2 expectations as guidance prompts 9% after-hours selloff
AMD shares plunged 9% in extended trading after the company issued Q3 revenue guidance below some Wall Street expectations, overshadowing its Q2 earnings and revenue beat.
Oil dips as US, Iran progress on Strait of Hormuz
Oil prices continued their decline as optimism grew over a potential US-Iran agreement to reopen the Strait of Hormuz, easing supply constraints in the Persian Gulf.
Apple sues OpenAI alleging former Apple employees shared hardware secrets
Apple has requested a federal judge to block OpenAI's hardware efforts, alleging trade secret theft, while OpenAI denies the claims and counters with accusations of legal missteps.
SpaceX spent $329 million on Tesla Megapacks likely deployed at xAI
SpaceX has spent $329 million on Tesla Megapacks this year, leveraging the industrial-scale batteries to support xAI data centers and optimize power demands for AI operations.
SpaceX posts $7.8 billion revenue on Starlink and AI deals
SpaceX's Q2 2026 revenue soared 92% to $7.8 billion, driven by Starlink expansion and lucrative compute deals with Anthropic and Google, despite posting a $541 million loss.
SpaceX reports $7.8B Q2 revenue, shares drop 6% after hours
SpaceX exceeded Wall Street's $6.9 billion revenue forecast with $7.8 billion in Q2, while narrowing its net loss to $541 million amid declining bitcoin holdings value.
SpaceX posts 92% revenue surge to $7.8B, EPS loss $0.09
SpaceX unveiled a 92% revenue surge in its first earnings report since its June IPO, despite a $541 million second-quarter loss and Wall Street concerns over AI spending.
Delhi High Court drops contempt charges against SpiceJet's Ajay Singh
The Delhi High Court has closed contempt proceedings against SpiceJet's chairman and directors after noting the main case was already resolved.
World Bank: AI could boost India's healthcare, education and farming
AI offers transformative potential for India's economy, driving productivity and service access, says a World Bank report, even as it impacts employment in certain sectors.
Pidilite profit up over 30% YoY to ₹883.51cr June quarter
Pidilite Industries reported a robust 30% year-on-year rise in consolidated net profit for the June quarter, driven by double-digit sales volume growth and strategic price hikes.
OpenAI and Statsig to pay $3.2 million over hiring bias claims
OpenAI agreed to pay $3.2 million to resolve U.S. government claims of favoring foreign workers over U.S. applicants in recruitment and hiring practices.
India targets 20+ GW distributed renewable capacity this financial year
India is set to achieve its highest-ever distributed renewable energy capacity of over 20 GW this fiscal, driven by rooftop solar and solar pump initiatives under flagship schemes.
Will UPI payments become chargeable? Centre moves to enable MDR
The Indian government has introduced a bill to amend the Payment and Settlement Systems Act, 2007.
FSSAI bans Old Monk for adding rum flavor to rum
The Food Safety and Standards Authority of India (FSSAI) has banned the sale of three variants of Old Monk rum. The affected variants are The Legend, Gold Reserve, and XXX Matured Rum.
RBI revises FD rules for small finance banks from October
The Reserve Bank of India (RBI) has announced new guidelines for small finance banks (SFBs) on fixed deposit (FD) interest rates and related matters.
Nazara slips into loss as Nitish Mittersain exits CEO role
Nazara Technologies, a leading online gaming company, has reported a 14% year-on-year decline in its revenue from operations for the quarter ending June 30.
Bending Spoons buys Airtable in $1.3B deal
Italian tech company Bending Spoons has announced its first acquisition since going public on NASDAQ last month.
JioBlackRock enters ETF market with Nifty 50 fund
JioBlackRock Asset Management, a partnership between Jio Financial Services and BlackRock, has launched its first exchange-traded fund (ETF) in India.
Snap shares surge after Q2 revenue beats expectations
Snap Inc has reported better-than-expected revenue and earnings for the second quarter. The company's stock jumped nearly 8% in extended trading following the news.
India to overhaul tax framework to boost manufacturing, foreign investment
The Indian government is planning a major overhaul of its tax framework, with the aim of boosting manufacturing and attracting foreign investment.
FAA certifies Boeing 737 MAX 7 after years of scrutiny
Boeing's 737 MAX 7, the smallest variant of its best-selling aircraft family, has been certified by the US Federal Aviation Administration (FAA).
LIC shares crash 9% after Centre's discounted stake sale
Shares of Life Insurance Corporation of India (LIC) have witnessed a massive sell-off on Tuesday, with a decline of nearly 9%.
Dabur banned from selling food products with '100 percent' claims
The Food Safety and Standards Authority of India (FSSAI) has banned Dabur India Ltd from selling a range of food products carrying "100 percent" claims.
Finance Ministry approves raising EPF wage ceiling to ₹25,000
The Finance Ministry has approved a proposal to raise the wage ceiling for mandatory coverage under the Employees' Provident Fund (EPF) and Employees' Pension Scheme (EPS) to ₹25,000 per month.
Can't find old PF account? EPFO's new feature can help
The Employees' Provident Fund Organisation (EPFO) has launched a new "Service History" feature to help members keep track of their employment records.
Australia increases levy on Big Tech over local news deals
Australia has increased the rate of a planned levy on tech giants, including Meta, Google, and TikTok.
Spinny converts into public company ahead of planned IPO
Spinny, a leading player in the used car retailing space, has taken a major step toward its planned initial public offering (IPO).
Sarvam AI nears ₹700cr funding led by NVIDIA
Indian AI start-up Sarvam is gearing up to raise $74 million (around ₹700 crore) in an extension of its Series B funding round.
Zepto's shares take a hit as quick-commerce firm delays IPO
Zepto's unlisted shares have witnessed a massive 23% decline in the last five trading sessions.
ZEE says SEBI order won't impact ₹3,140cr fundraising plan
Zee Entertainment Enterprises Ltd (ZEEL) has asserted that the recent order from the Securities and Exchange Board of India (SEBI) will not affect its ongoing ₹3,143 crore fundraising exercise.
Juniper Green Energy IPO fully subscribed on last day
The initial public offering (IPO) of Juniper Green Energy has been fully subscribed on the last day of bidding.
Sensex gains over 600 points: What's behind today's rally?
The Indian stock market witnessed a surge on Monday, with the benchmark indices Sensex and Nifty both registering significant gains.
Indian IT firms cut bench strength amid AI push
India's leading IT services companies, including Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, and Tech Mahindra, are witnessing a decline in their average bench strength.
AstraZeneca, BMS discuss $400B pharma mega-deal
British pharmaceutical giant AstraZeneca is said to be in talks with US rival Bristol Myers Squibb (BMS) for a possible merger.
SHANTI Act: Draft rules for nuclear energy expansion under review
India is gearing up to expand its nuclear energy capacity with the SHANTI Act, 2025 (Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India Act).
Apple's India iPhone shipments set to fall for first time
Apple is likely to witness its first-ever annual decline in iPhone shipments in India, after years of uninterrupted growth.
Willie Walsh takes charge as IndiGo CEO
Willie Walsh, the former chief of International Airlines Group (IAG), is taking over as the chief executive officer of IndiGo today.
Why Trump stepped in to support Japan's currency
Japan and the United States have intervened in a rare joint operation to prop up the yen.
India's factory growth falls to 5-year low
India's manufacturing sector has lost some of its steam in July, with factory activity slowing down to its weakest pace in nearly five years.
NSE, Jio Platforms IPOs set to revive India's public markets
The upcoming initial public offerings (IPOs) of the National Stock Exchange (NSE) and Jio Platforms in September are likely to revive India's public markets.
Zee Entertainment shares crash over 10% amid SEBI action
Zee Entertainment Enterprises Ltd. (ZEEL) witnessed a massive drop in its share price on Monday.
RBI likely to keep rates unchanged at upcoming policy meeting
The Reserve Bank of India (RBI) is likely to maintain its interest rates at the upcoming policy meeting, bucking the trend of several global central banks.
Why OPEC+ is raising oil production again
OPEC+ has approved an increase in oil production quotas by some 188,000 barrels per day (bpd) for September.
FSSAI cracks down on select alcohol brands over misleading additives
India's food safety regulator, the Food Safety and Standards Authority of India (FSSAI), has banned select whiskies and rums from United Spirits and Inbrew Beverages.
HDFC, ICICI raise dollar deposit rates to attract NRI funds
In a bid to draw more dollars amid rising global rates, HDFC Bank and ICICI Bank have revised their Foreign Currency Non-Resident (FCNR) deposit rates.
Shiprocket eyes IPO at 30% lower valuation
E-commerce logistics company Shiprocket is expected to launch its initial public offering (IPO) in the next one or two weeks, according to the Economic Times.
RBI MPC meeting begins today: Will repo rate be hiked?
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is holding a three-day policy meeting starting today.
Oil prices decline 5% as Trump pauses Iran strike
Oil prices witnessed a significant drop in Asia trading on Monday, after US President Donald Trump announced he had called off a planned strike on Iran.
Markets bounce back strongly after 2-week dip
The Indian stock market witnessed a major rebound this week, with both the BSE Sensex and Nifty 50 witnessing significant gains.
WestJet cabin crew go on strike, over 300 flights canceled
WestJet, Canada's second-largest airline, has witnessed a strike by its flight attendants.
Bengaluru: You can order food on Flipkart from August 15
Walmart-owned Flipkart is gearing up to launch its food delivery service in Bengaluru, possibly around August 15.
These 6 IPOs will open for subscription next week
India's primary market is set to witness a flurry of activity with six new public issues slated for subscription next week.
Why India's top cigarette makers are seeing revenue, profit decline
India's top cigarette manufacturers, including ITC, Godfrey Phillips India, and VST Industries, have reported a drop in their net revenue and profitability for the April-June quarter.
RBI revises deposit interest rules
The Reserve Bank of India (RBI) has announced a major overhaul of the rules governing deposit interest rates.
Received tax notice after ITR filing? Here's what to do
The July 31 deadline for filing income tax returns (ITR) has passed, but taxpayers shouldn't think their compliance journey is over.
Petroleum exporting countries consider output increase amid supply disruptions
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, are likely to raise their oil production quotas for September.
Over 1.1cr names deleted from electoral rolls in 10 states
More than 1.12 crore names have been removed from the electoral rolls in 10 states and Union Territories (UTs) under Phase 3 of the Special Intensive Revision (SIR) exercise.
Private equity firms eye India's education sector after healthcare success
Private equity (PE) firms are now targeting India's school education sector, using innovative investment strategies.
IT industry not creating enough jobs anymore, says Sridhar Vembu
Sridhar Vembu, the founder and Chief Scientist of Zoho, has raised concerns over the impact of artificial intelligence (AI) on job creation in India's technology sector.
This real estate developer wants to raise ₹1,200cr via IPO
Bengaluru-based real estate developer Assetz is gearing up for an initial public offering (IPO) of ₹1,200 crore.