Business News
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RBI issues governance rules refocusing bank boards from October 1
The Reserve Bank of India has revamped governance norms for commercial banks, enabling boards to focus on strategy and risk oversight while delegating routine operational matters.
Udaan restructures $178 million debt, avoids bankruptcy with BlackRock support
Udaan, a B2B ecommerce firm, finalized a $178 million debt restructuring deal with offshore creditors, including fresh financing from BlackRock to ensure liquidity.
FICCI launches forum to steer over $30B into Indian startups
FICCI unveiled the Family Office Forum to channel $30 billion from 300 Indian family offices into startups, fostering dialogue, deal-flow, and co-investment opportunities.
Adani Group enters India's top 10 with $8.48bn brand value
The Adani Group has become the fastest brand to enter India's 'Top 10 Most Valuable Brands,' securing the eighth rank in the Brand Finance India 100 Report 2026.
Enforcement Directorate arrests Ebix head Vikas Garg in Mahadev case
The Enforcement Directorate arrested Ebix Chairman Vikas Garg for alleged money laundering linked to the Mahadev betting app, seizing assets worth Rs 940.77 crore.
Adani family tops GROHE-Hurun India 2026 Real Estate Rich List
The Adani family has become India’s wealthiest real estate entrepreneurs with ₹90,400 crore in wealth, surpassing DLF's Rajiv Singh, according to the 2026 GROHE-Hurun India report.
SEBI unveils ethics code preventing conflicts and flagging 20L stakes
SEBI's revised code strengthens governance by introducing proactive measures like recusals, stricter disclosures, and an Office of Ethics and Compliance.
US inflation slows to 3.5% in June after energy dip
US consumer inflation eased to 3.5% in June, down from May's 4.2%, as temporary energy price declines contributed to the slowdown, according to government data released Tuesday.
RBI proposes 1-time approval allowing funds to buy bank stakes
The Reserve Bank of India has proposed a one-time approval mechanism for mutual funds, insurers, and pension funds to simplify repeat acquisitions of major shareholding in banks.
Sigma Advanced Systems to buy Bromford Precision Solutions for ₹153cr
Sigma Advanced Systems is set to acquire U.K.-based Bromford Precision Solutions for ₹153 crore, aiming to optimize costs by transitioning select manufacturing operations to India.
IBM's $17.2B Q2 forecast misses estimates, Infosys Wipro ADRs tumble
Infosys and Wipro ADRs dropped up to 7% as IBM's weaker revenue forecast signaled a shift in enterprise spending from software to AI infrastructure, raising IT sector concerns.
Goldman Sachs Q2 profit soars 78% to $6.6 billion
Goldman Sachs reported a 78% surge in Q2 net profit, driven by record-breaking equities trading revenue and robust investment banking growth.
Revanth Reddy to lay AWS 60000cr Telangana data center foundation
Telangana Chief Minister A. Revanth Reddy will inaugurate Amazon Web Services’ flagship data centre in Bharat Future City on July 15, marking a ₹60,000-crore investment milestone.
JPMorgan Chase posts record $21.2B Q2 2026 profit, $57B revenue
JPMorgan Chase posted a historic $21.2 billion quarterly profit, up 41% year-on-year, driven by Visa share sales and equity investment gains amid strong market activity.
IBM shares tumble over 23% after Q2 results miss forecasts
IBM shares dropped 23% premarket after preliminary Q2 results missed profit and revenue estimates, with delayed deals and shifting client spending cited as key factors.
Indian companies filed $4.74 billion overseas loan proposals May 2026
Indian companies' external commercial borrowings jumped 25.8% month-on-month in May to $4.74 billion, driven by major filings from firms like IRFC and NTPC, RBI data shows.
SBI Funds Management IPO subscribed 1.3 times with HNIs participating
SBI Funds Management's ₹9,813-crore IPO saw a robust response on Day 1, with overall subscription at 1.3 times and the HNI category fully subscribed at 1.29 times.
China's monthly car exports top 1M for first time
China's monthly car exports have surpassed the one million mark for the first time in June.
ASML to report Q2 earnings Wednesday after nearly 70% rally
ASML, Europe's most valuable listed company, is set to report earnings as it tackles surging demand for AI chip tools and navigates U.S. export controls targeting China.
IBM Q2 revenue $17.2B misses estimate as shares drop 17%
IBM projects $17.2 billion in Q2 revenue, falling short of analysts' $17.86 billion estimate, as tech spending shifts toward AI infrastructure over traditional software solutions.
RBI approves Delhivery financial arm as Type 2 NBFC
Delhivery's subsidiary, Delhivery Financial Services, received RBI approval on July 13, 2026, for a Type II NBFC-ND licence, pending submission of required documents.
India and Maldives conclude virtual 1st round of FTA talks
India and Maldives completed the first round of Free Trade Agreement talks, achieving substantial progress across eight technical areas during virtual sessions held in July.
Reflection secures more than $1bn Nebius deal for NVIDIA chips
Reflection has signed a $1 billion agreement with Nebius for computing power, including Nvidia's latest chips, to support its open-source AI model development and scaling efforts.
India's direct tax collections rise 16.4% to 6.51L/cr mid July
India's net direct tax collections rose 16.40% YoY to ₹6.51 lakh crore by July 13, driven by a robust 22% increase in corporate tax receipts.
India launches monthly index of services production tracking formal services
India's first Index of Services Production shows 14 of 19 sub-sectors achieving double-digit growth in April 2026, led by wholesale trade, retail, and accommodation.
Brent jumps 10% after Donald Trump announces Iranian shipping blockade
Oil prices surged over 4% to $87.08 per barrel after US military strikes on Iran, fueling inflation fears and raising expectations of interest rate hikes in Europe.
India's Ministry of Statistics launches Index of Services Production tracker
India's Ministry of Statistics has launched the Index of Services Production (ISP), a monthly indicator tracking 19 key service sub-sectors, covering 60% of the services economy.
Palantir CEO Alex Karp warns AI could create complete decoupling
Palantir CEO Alex Karp highlights concerns that while AI will improve living standards for many, it may disproportionately enrich a small group, exacerbating wealth inequality.
Nasscom warns AI is eroding India's engineering skills, 23% AI-native
Nasscom cautions that India's shift to AI reliance risks eroding deep engineering skills, urging academia and industry to strengthen foundational technical capabilities.
BofA Securities gives Netweb Technologies buy, ₹5,000 target on AI
BofA Securities initiates coverage on Netweb Technologies India with a 'Buy' rating, citing its strategic role in India's expanding AI infrastructure and supercomputing market.
Chinese DeepSeek seeks $71B valuation after $7B raise at $52B
Chinese AI startup DeepSeek is in early talks with investors for a second funding round, aiming for a $71 billion valuation, Financial Times reported.
Volkswagen may cut 100,000 jobs
Volkswagen is planning to double its workforce reductions to 100,000 jobs, according to an internal message from CEO Oliver Blume.
China ships over 1m cars, seeks $1 trillion trade surplus
China’s monthly car exports exceeded 1 million units for the first time in June, contributing to a 27% rise in overall overseas shipments from the world’s second-largest economy.
India imports surge 31% in June as exports rise 15.5%
India's merchandise imports surged 31% year-on-year in June 2026, growing twice as fast as exports, raising concerns over the import-driven nature of the country's trade growth.
India bans forced labor imports 30 days after official announcement
India has amended its Foreign Trade Policy to prohibit imports of goods made using forced labour, aligning with International Labour Organization definitions.
Sensex down 561, Nifty slips nearly 159 as crude rises
Indian equity benchmarks closed sharply lower, with Sensex down 561 points and Nifty near 24,050, as IT and auto stocks dragged while pharma outperformed amid weak global cues.
Sridhar Vembu urges pattarai workshops to boost Indian innovation
Sridhar Vembu emphasizes reviving India's traditional workshop culture, inspired by Japanese craftsmanship, to boost grassroots innovation and manufacturing.
Online gaming firms move SC to review 28% GST ruling
A group of online gaming companies has petitioned the Supreme Court, seeking a review of its May 27 judgment.
After SK Hynix, Samsung Electronics may get listed in US
Samsung Electronics is reportedly in the early stages of considering a possible sale of American depositary receipts (ADRs).
Will SpiceJet lose 4 Boeing 737 MAX aircraft?
China's Industrial and Commercial Bank of China (ICBC) has moved India's Directorate General of Civil Aviation (DGCA) for the deregistration and repossession of four Boeing 737 MAX aircraft leased to SpiceJet.
SBI has raised $200M via selling bonds
State Bank of India (SBI) has successfully raised another $200 million by tapping an existing bond issue due in July 2029.
Why Google is facing a competition probe in Switzerland
Switzerland's Competition Commission (COMCO) has launched a preliminary investigation into Google.
South Korea's ruling party seeks law changes easing chipmaker fundraising
South Korea's ruling party proposes easing joint venture rules, enabling SK Hynix to attract capital for AI-driven chip fabs outside greater Seoul.
Bengaluru startup Botle lets users book 1-off fitness sessions
Botle, a Bengaluru-based platform, offers access to diverse fitness and sports classes across the city, enabling users to try activities without long-term commitments.
Cube Highways Trust raises 1,250 cr ahead of IPO
Cube Highways Trust raised ₹1,250 crore from strategic investors, including Premji Invest and HDFC Group, ahead of its ₹5,000-crore IPO opening on July 22.
Tata holds India's top brand spot for 18th consecutive year
Tata Group has retained its position as India's most valuable brand for the 18th consecutive year.
Gold rebounds to $4,023.77 as markets await interest rate signals
Gold rebounded 0.6% to $4,023.77 per ounce after hitting a two-week low, as markets anticipated U.S. inflation data and escalating U.S.-Iran tensions boosted oil prices.
HCLTech invests 3500cr in AI data centers, offers full-stack services
HCLTech is entering the data-centre market, focusing on a full-stack AI approach to differentiate itself from TCS's infrastructure-led strategy.
Just Dial shares jump 40% on Q1 profit, leadership change
Just Dial shares surged 40% in three days, driven by strong June quarter earnings and a planned leadership transition boosting investor confidence.
Crisil forecasts India's FY27 retail inflation rate at 5.1%
Retail inflation in India is projected to average 5.1% in FY27, driven by elevated fuel costs and food price pressures, prompting potential RBI rate hikes if trends persist.
Sotefin Bharat launches ₹90cr IPO on BSE SME this week
Sotefin Bharat plans to raise ₹90 crore through an IPO on the BSE SME platform, issuing 48 lakh shares priced between ₹178-₹187 to fund expansion and operational growth.
Calcutta Stock Exchange asks SEBI to pause exit application
The Calcutta Stock Exchange (CSE) has requested SEBI to withhold its 2025 exit application, following the West Bengal government's support for reviving the 118-year-old bourse.
IRCTC names Rajneesh Narain CFO with immediate effect July 14
Rajneesh Narain, with over three decades of coal sector experience, has been appointed Chief Financial Officer of IRCTC, effective July 14, 2026, following board approval.
SBI Funds IPO opens priced ₹545-574 valued 38x FY26
India's largest asset manager, SBI Funds Management, launches its ₹9,813-crore IPO amid a sluggish 2026 market, testing investor appetite for a massive ₹4.81-trillion pipeline.
Play Games24x7 and Junglee appeal Supreme Court over 28% GST
Online gaming companies, including Play Games24x7 and Junglee Games, have filed review petitions in the Supreme Court against its 27 May judgment upholding a 28% GST levy.
Ecobox to invest ₹1,008cr in Visakhapatnam to support Google AI
A ₹1,008-crore logistics and industrial park by Ecobox will support Google's AI Hub in Visakhapatnam, creating 5,000 direct jobs and boosting infrastructure.
Sensex falls over 600 points: Key factors behind today's decline
The Indian stock market witnessed a downturn today, with the benchmark Sensex falling over 600 points to an intraday low of 77,001.
CXMT plans $4.35B Shanghai STAR Market IPO on July 27
China's top DRAM chipmaker, ChangXin Memory Technologies (CXMT), will debut on the Shanghai Stock Exchange on July 27, aiming to raise $4.35 billion in Asia's largest IPO of 2026.
RBI launches Ombudsman 2026 scheme with up to ₹33L relief
The RBI Ombudsman 2026 scheme offers a free, swift mechanism for resolving customer complaints against banks and regulated entities, with compensation of up to Rs 33 lakh.
Groww launches cement ETF to tap India's infrastructure and housing
Groww Mutual Fund is expanding its niche ETF offerings, positioning sectoral themes as a safer alternative to concentrated stock investments for retail investors.
Samsung mulls US ADRs sale amid chip market volatility
Samsung Electronics is reportedly in preliminary talks with lenders about a potential American depositary receipts sale, following SK Hynix's record-breaking US listing success.
Rupee falls more than 0.9% amid West Asia hostilities
The Indian rupee has weakened over 0.9% this week, marking its steepest fall since May, driven by geopolitical tensions and surging crude oil prices.
Apple sues OpenAI alleging poaching of more than 400 employees
Apple has filed a lawsuit against OpenAI, alleging the AI firm hired over 400 former Apple employees and misused trade secrets to develop competing hardware.
Byju Raveendran's Singapore jail sentence upheld
The High Court of Singapore has rejected an appeal by Byju Raveendran, the founder of failed education start-up BYJU'S.
India's imports from China hit record high in H1 2026
India's imports from China surged by 21.8% in the first half of 2026, touching an all-time high of $79.41 billion, data from China's General Administration of Customs showed.
SBI raises $200 million via London branch tapping July 2029 bond
State Bank of India (SBI) has secured $200 million by tapping an existing bond issue maturing in July 2029, with issuance through its London branch on July 17.
Brent crude tops $86 amid US Strait of Hormuz blockade
Brent crude surged past $86 per barrel on July 14, driven by escalating geopolitical tensions in West Asia and renewed concerns over oil supply disruptions from the Persian Gulf.
India retail inflation hits 17-month high 4.38% in June
India's retail inflation soared from 2.74% to 4.38% in six months, driven by escalating food prices and rising crude oil costs amid geopolitical tensions.
Wealth Company mutual fund launches mid cap NFO July 15-29
The Wealth Company Mutual Fund has introduced the Mid Cap Fund, an open-ended equity scheme investing primarily in mid-cap stocks, with its NFO open from July 15 to July 29.
China repurposes state-owned spaces in Yueyang to boost local revenue
Facing fiscal strain from a property market slump, China is shifting towards revitalising under-used state assets to bolster local revenues and sustain economic growth.
Microsoft Work Trend Index finds employees outpacing workplaces on AI
While 19% of employees are AI-ready, most organisations lag behind, hindered by outdated systems and a lack of AI-friendly workplace transformation.
India's private banks cut over 7,700 jobs amid AI shift
India's top private banks have reduced over 7,700 jobs in FY26 as automation and AI streamline routine operations, shifting focus to customer-centric and technology-driven roles.
Not ₹1,160cr but ₹5.6L: Government body disputes rice-ethanol 'scam' scale
The Food Corporation of India (FCI) has dismissed allegations of a massive diversion of subsidized rice for ethanol production in Madhya Pradesh.
DeepSeek's Liang Wenfeng is now world's richest AI business founder
DeepSeek founder Liang Wenfeng has emerged as the world's richest artificial intelligence (AI) founder, according to the Bloomberg Billionaires Index.
Why India's competition watchdog fined laptop maker HP ₹14.3cr
The Competition Commission of India (CCI) has slapped a hefty fine of ₹14.28 crore on HP India and 16 of its resellers for colluding in the sale and supply of print hardware consumables.
Did JPMorgan boss had ties to Jeffrey Epstein?
Elizabeth Warren, a prominent Democratic senator and the ranking member of the US Senate Banking Committee, has written to Jamie Dimon, Chairman and CEO of JPMorgan Chase.
Why Paramount is being sued by 12 US states
A coalition of 12 US states led by California has filed a lawsuit against Paramount's proposed $110 billion acquisition of Warner Bros. Discovery (WBD).
IDBI Bank shares rise 3% today: Here we decode why
IDBI Bank's shares witnessed a spike of over 3% in early trade today, following reports of the government's approval for the lender's strategic disinvestment.
How NVIDIA will stop its AI chips from reaching China
NVIDIA has cut its list of approved AI chip customers in Asia by more than half, The Financial Times reported.
China's June oil imports touch decade low: What's the reason?
China's crude oil imports have plummeted by a staggering 41.3% in June, hitting their lowest level in nearly a decade.
Baroda BNP Paribas Mutual Fund launches services fund priced ₹10
Baroda BNP Paribas Mutual Fund has introduced a thematic equity scheme, Baroda BNP Paribas Services Fund, focusing on India's expanding services sector across diverse industries.
Zepto launches 'Select' to take on Blinkit Gourmet, FirstClub
Zepto, a leading player in the quick-commerce space, is set to launch a new premium grocery service called 'Select,' as per a Moneycontrol report.
PC Jeweller to discuss QIP on July 16 for expansion
PC Jeweller's board will meet on July 16 to consider raising funds through a Qualified Institutions Placement (QIP), as shares traded slightly higher at Rs 9.93 on Tuesday.
India's wholesale inflation rises to 9.87% in June
India's wholesale inflation rate increased to 9.87% in June, up from May's 9.68%.
Package forwarding firms let Africans buy from Amazon and Walmart
Package-forwarding companies are enabling African shoppers to access global retailers like Amazon and Walmart, overcoming barriers like lack of bank accounts or formal addresses.
TCS to lead digital transformation at JFK's new Terminal One
Tata Consultancy Services (TCS) has been chosen as the technology partner for New Terminal One at JFK Airport, driving AI-powered operations and passenger experience enhancements.
India wholesale inflation 9.87% in June, commerce ministry reports uptick
India's wholesale inflation rose to 9.87% in June, driven by surging food prices, while fuel inflation eased slightly but remained elevated, according to government data.
India's wholesale inflation 9.87% in June, above experts' predictions
India's wholesale price inflation surged to 9.87% in June, surpassing economists' projections, driven by higher food and mineral oil prices, while fuel inflation eased slightly.
Morgan Stanley sees India's capex at $2.2T by FY2030
India's capital expenditure is projected to rise 1.8 times to $2.2 trillion by FY2030, driven by private investments and government focus on infrastructure and defence.
Caliber Mining launches IPO priced ₹402-₹424, applications July 17-21
Caliber Mining & Logistics has set its IPO price band at ₹402-424 per share, with subscription dates from 17 to 21 July. The issue includes both fresh equity and an offer for sale.
Zepto to launch select premium grocery section on its app
Zepto is introducing 'Select,' a curated premium grocery service, to compete with FirstClub and Blinkit Gourmet in India's growing high-end consumption market.
Indian rupee hits 2-month low, breaches 96 per dollar
The Indian rupee has breached the psychologically significant level of 96 against the US dollar, a first since May 2026.
Fresh Gulf strikes push Indian bonds down as crude surges
Indian government bonds fell Tuesday as Gulf tensions disrupted oil shipping, spiking Brent crude prices. Rising inflation and interest rate risks further pressured Indian assets.
Palantir CEO Alex Karp says AI widens America's wealth gap
Palantir CEO Alex Karp cautions that AI is exacerbating wealth disparities, with developers reaping disproportionate gains while the average person sees limited benefits.
Masayoshi Son predicts $5 trillion annual AI investment by 2040
SoftBank CEO Masayoshi Son forecasts annual AI investments of $5 trillion by 2040, dismissing concerns of a bubble and envisioning a transformative, agent-driven future society.
Chinese stocks hit 3 month low despite strong June trade
Chinese equities hit three-month lows as investors braced for slowing GDP growth and escalating Middle East tensions, dampening market sentiment despite robust June trade data.
Millworks Technologies IPO fully subscribed within 1st hour on Tuesday
Millworks Technologies' SME IPO was fully subscribed within an hour of opening on July 14, 2026, driven by robust demand from retail and non-institutional investors.
China's exports soar 27%, fastest since October 2021
China's trade growth in June was much stronger than expected, with exports rising by 27% year-on-year.
Indian rupee 96.16 lowest since May after 9% oil jump
The Indian rupee weakened past 96 to the US dollar, driven by geopolitical tensions, surging crude oil prices, and heightened demand for safe-haven assets like the US dollar.
Indian rupee hits 96.1725 per US dollar as oil rises
The Indian Rupee slipped past the critical 96 mark against the US Dollar as escalating US-Iran tensions under Trump’s policies pushed crude oil prices to $85 per barrel.
Oil prices surge as Trump announces shipping fees in Hormuz
Oil prices surged by over 2% on Tuesday, following US President Donald Trump's announcement of plans to impose shipping fees in the Strait of Hormuz and reinstate a blockade on Iranian ports.
TCS posts $2.6B annualized AI revenue with $800 million SKF deal
Tata Consultancy Services (TCS) reported a rise in annualised AI revenue to $2.6 billion for the June quarter, driven by steady growth and significant AI-led deals.
South Korea KOSPI drops 25% after 60% AI surge
South Korea's KOSPI has plunged into bear market territory, shedding 25% since June's AI-driven highs, as semiconductor reliance and leveraged retail trading amplify volatility.
India, Spain meet in New Delhi to boost economic ties
India and Spain are deepening economic collaboration, focusing on trade, investment, manufacturing, and innovation to unlock untapped potential and drive mutual growth.
HCLTech invests ₹3,500 cr in AI data centers, TCS joins
Indian IT firms are leveraging AI-driven data centres to combine infrastructure with intelligence, marking a structural technology shift and long-term growth opportunity.
Goldman Sachs bars staff prediction market bets on major events
Goldman Sachs now prohibits employees from trading event contracts tied to companies, elections, or financial markets, citing compliance risks with material non-public information.
NVIDIA tightens Asian AI chip sales under US export rules
Nvidia has cut its Asian AI chip customer base by over 50%, implementing stricter compliance checks to prevent advanced chips from reaching China, the Financial Times reported.
Anthropic STC sues San Francisco Anthropic PBC alleging trademark copying
Belagavi-based Anthropic STC utilized the Hague Convention mechanism to serve a legal notice to US-based Anthropic PBC, alleging trademark infringement and marketplace confusion.
Jio Platforms gets new CEO ahead of $4B IPO
Jio Platforms has appointed Pankaj Pawar as its new Chief Executive Officer (CEO), replacing Kiran Thomas.
South Korea forecasts 3% growth for 2026 on semiconductor demand
South Korea projects 3% economic growth for 2026, driven by booming AI investments and rising semiconductor exports, marking the highest forecast in five years.
India's Sensex drops over 300 points on oil price spike
Indian markets opened lower as West Asia tensions drove crude prices to a one-month high. IT stocks outperformed, while financials and broader indices declined.
Biocon stock jumps 4% after Mylan sells ₹3,680cr stake
Biocon shares rose 4% on Tuesday as ₹3,680 crore worth of equity, representing 5.64% of the company's outstanding stock, changed hands in a pre-open block window deal.
MCX gold ₹140,949/10g and silver ₹218,333/kg rise as investors buy
Gold prices on MCX rose 0.45% to ₹1,40,949 per 10 grams, while silver gained 0.28%, tracking global bullion recovery amid geopolitical tensions and inflation data anticipation.
China's exports jump 27% in June on AI and semiconductors
China's exports soared 27% in June, driven by robust global demand for AI technology and semiconductors, offering temporary relief to an economy grappling with domestic challenges.
Rupee falls to 95.94 per US dollar amid crude rise
The Indian rupee opened 32 paise lower at 95.94/$ on July 14, as rising crude prices driven by U.S.-Iran tensions weighed on the domestic currency.
OpenAI asks court to make xAI pay over $1 million
OpenAI is demanding over $1 million in legal fees from Elon Musk's xAI after its trade secrets lawsuit was dismissed, while also preparing to face Apple's similar claims.
Crypto exchanges offer SpaceX pre IPO futures before $75B listing
Crypto platforms like Binance and Coinbase are offering pre-IPO perpetual futures tied to SpaceX's valuation, attracting billions in trading volume despite high risks.
HCLTech plans up to ₹3,500cr for AI centers after layoffs
HCLTech plans to invest Rs 3,500 crore in AI data centres with up to 50 MW capacity, following the layoff of 3,300 employees in the last quarter.
Jeetu Patel: AI to create more jobs over 5 years
Cisco president Jeetu Patel reaffirms that artificial intelligence will generate more jobs than it replaces, as early data begins to validate his optimistic outlook.
Akasa Air raising ₹1050cr to offset jet fuel, Iran disruptions
Akasa Air plans to raise 10.5 billion rupees through equity and debt as soaring jet-fuel costs and disruptions from the Iran war strain the aviation industry.
Spot gold falls to $3,993.83 as US CPI data looms
Gold prices fell 0.2% to $3,993.83 per ounce as oil surged on U.S.-Iran tensions, fueling inflation concerns and heightening expectations of a Federal Reserve interest rate hike.
Brent hits $85.64 as President Trump reimposes Iran ship restrictions
Asian shares showed mixed performance amid a tech stock sell-off, while Brent crude surged above $85 as escalating US-Iran tensions fueled supply disruption concerns.
HCLTech June quarter beats estimates despite slight revenue dip
HCLTech reported $2.4 billion in deal bookings for Q1, yet maintained its cautious full-year revenue and margin guidance amid weak discretionary client spending trends.
Supreme Court ruling triggers $81B tariff refunds and $1.367T deficit
The US government refunded $81bn in tariffs after the supreme court deemed them illegal, significantly impacting federal revenue and widening the budget deficit this fiscal year.
Elevation Capital closes $500 million Fund IX for Indian AI startups
Elevation Capital has closed its $500 million Fund IX, focusing on early-stage startups and betting on AI-driven innovation to fuel India's next wave of global tech leaders.
HCL Technologies investing 3500cr in up to 50MW data centers
HCL Technologies will invest ₹3,500 crore ($365 million) to build 50MW data centres, marking a strategic pivot to bolster its role in the AI infrastructure value chain.
Goldman Sachs predicts Nifty will rise about 9.5% to 26,500
Goldman Sachs projects a 9.5% rally in Nifty to 26,500, driven by lower commodity prices, a stabilized currency, and robust second-quarter earnings expectations.
Oil prices climb as US airstrikes and Iranian port blockade
Crude oil prices continue to climb, with Brent nearing $85 a barrel, following escalating US-Iran tensions and a renewed blockade on Iranian ports by the US.
US strikes on Iran push oil over 8%, Brent $80
Oil prices spiked over 8% as escalating US-Iran conflict raised fears of Middle East supply disruptions, with Brent crude surpassing $80 per barrel.
SpiceJet's fleet largely grounded after lessor reclaims 737 MAX jets
Aircraft lessors have initiated repossession of SpiceJet planes after the airline defaulted on lease payments, with 80% of its fleet grounded amid severe financial struggles.
Judge Kathleen Williams calls Donald Trump's IRS suit an abuse
A federal judge slammed Donald Trump's $10 billion lawsuit against the IRS, calling it an abuse of the judicial system and referring one attorney for possible disciplinary action.
India retail inflation 4.4% in June above RBI 4% target
India's retail inflation rose to 4.4% in June, driven by costlier food and transport, marking the highest level under the revised CPI series with 2024 as the base year.
Russia's top INNOPROM expo to be held in India September
Russia's flagship industrial trade fair, INNOPROM, will be held in India for the first time from September 9-11, focusing on expanding bilateral industrial cooperation.
Nand Kishore Goenka, longtime social worker, dies aged 96
Nand Kishore Goenka, father of Essel Group Chairman Subhash Chandra and a dedicated social worker, passed away at 96, leaving behind a legacy of humility and community service.
Why Asian Paints has hiked prices in India by 12%
Asian Paints, India's largest paint manufacturer, has announced a price hike of around 12%.
HCL Tech's Q1 profit jumps 20% YoY to ₹4,624cr
HCL Technologies has reported a 20% year-on-year rise in its consolidated net profit for the June quarter.
Indian exporters receive over $1B in tariff refunds from US
Indian exporters have started receiving refunds of duties paid during Donald Trump's presidency, with over $1 billion already reimbursed.
Volkswagen is planning to cut another 50,000 jobs globally
Volkswagen's CEO Oliver Blume has hinted at the possibility of an additional 50,000 job cuts.
CBI files chargesheet in Anil Ambani RCom loan fraud case
The Central Bureau of Investigation (CBI) has filed a chargesheet in the alleged banking fraud case involving Anil Ambani, Reliance Communications (RCom) and other related entities.
Piyush Goyal dismisses report of deadlock in India-US trade talks
Commerce and Industry Minister Piyush Goyal has rejected reports suggesting a deadlock in the ongoing India-US trade talks.
Spanish firm Submer to invest $2B in MP's semiconductor sector
Spain's Submer Group has announced a massive investment of $2 billion (approximately ₹19,000 crore) in Madhya Pradesh's semiconductor industry.
India's retail inflation breaches RBI target, spikes to 4.38%
India's retail inflation surged to 4.38% in June, breaching the Reserve Bank of India's (RBI) medium-term target of 4%.
India's trade deficit widens to $30.4B in June
India's merchandise trade deficit widened to $30.43 billion in June, up from $28.21 billion in May.
Will Paramount move out of California?
Paramount is reportedly contemplating a move from California, as the state prepares to sue over its proposed $111 billion acquisition of Warner Bros. Discovery.
You can soon fly non-stop from India to New Zealand
Air India and Air New Zealand are in talks to form a joint venture for non-stop flights between the two countries.
India to export defense equipment worth ₹50,000cr by FY29: Report
India's defense exports are likely to touch ₹50,000 crore by the end of financial year 2028-29 (FY29), a report by Kotak Institutional Equities has said.
Jeff Bezos's ex-wife donates $20M to mental health non-profit
MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, has made a historic donation of $20 million to Active Minds.
'VISHWAS': EPFO introduces one-time dispute settlement scheme for employers
The Employees' Provident Fund Organisation (EPFO) has launched the VISHWAS, 2026 scheme.
HDFC Bank trimmed workforce by over 3,300 in FY26
HDFC Bank has reduced its workforce in the last financial year as part of a larger shift toward technology and automation.
TSMC posts record Q2 revenue as AI chip demand surges
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, has reported a record high revenue for the second quarter of this year.
Jet Airways suspended operations in 2019. Now, it's auctioning assets
Jet Airways, once India's largest private airline, is set to auction its remaining assets.
47% gains in 4 days: What's driving Kalyan Jewellers shares?
Kalyan Jewellers' shares continued their upward trajectory on Monday, rising another 10% to ₹522 on the NSE. The stock has gained 47% over the last four trading sessions.
South Korea announces record $530B budget, driven by AI boom
South Korea has announced a record-breaking budget of over 800 trillion won ($530.97 billion) for the fiscal year 2027.
NSE's latest index lets you invest in companies following ahimsa
NSE Indices Limited, the index services subsidiary of the National Stock Exchange (NSE), has launched the Nifty500 Ahimsa Index.
India's inflation likely to cross 4% mark
India's consumer price index (CPI) inflation is expected to breach the crucial 4% mark for the first time in 16 months.
Why TCS shares are soaring today
Tata Consultancy Services (TCS) has witnessed a massive surge in its shares today, rising by over 5% to 2,181.5 at the time of writing.
India-UK trade deal begins on July 15: What's getting cheaper?
India and the United Kingdom have signed a Comprehensive Economic and Trade Agreement (CETA), which will come into effect from July 15.
India rejects rushed US trade deal over unmet tariff demands
India has turned down the prospect of a hasty trade deal with the US, according to Reuters.
Indian rupee hits 1-month low against dollar: What's the reason?
The Indian rupee fell to its lowest level in over a month today, trading at 95.76 per US dollar.
Emerging markets saw equity outflow worth $46B in June
Emerging markets witnessed a massive exodus of foreign capital in June, with net outflows from equities hitting $46.1 billion.
Indian government bonds see a decline today: What's the reason?
Indian government bonds fell in early trade today, mirroring a selloff in US Treasuries.
Indian banks to remain closed for 4 days this week
Public and private sector banks across India will observe a four-day closure between today and July 19, 2026.