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Business News

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29 Jul 2026
TL;DR

ITC Infotech becomes 1st adopter of Google Gemini enterprise platform

ITC Infotech partners with Google Cloud to deploy Gemini Enterprise, driving enterprise-wide agentic AI transformation and accelerating innovation across global industries.

29 Jul 2026
TL;DR

Kospi plunges over 11% as SK Hynix reports weak results

South Korea's Kospi index tumbled over 11% Wednesday, triggering a trading halt as disappointing SK Hynix earnings intensified the AI-driven semiconductor stock selloff.

29 Jul 2026
TL;DR

Jio adds 3.33 million active wireless users, nears 499 million

Reliance Jio added 3.33 million active wireless subscribers in June 2026, securing the highest growth among Indian telecom operators, according to TRAI data.

29 Jul 2026
TL;DR

Oil jumps after US and Saudi Arabia airstrikes in Iraq

Crude oil futures surged as US and Saudi forces conducted precision strikes on Iran-backed targets in Iraq, escalating tensions and raising supply disruption concerns.

29 Jul 2026
TL;DR

Rupee rises amid RBI moves to 95.72 per dollar

The Indian rupee opened 13 paise stronger at 95.72 against the US dollar on Wednesday, marking its third consecutive day of gains amid RBI interventions and fluctuating oil prices.

29 Jul 2026
TL;DR

Netweb Technologies Q1 revenue ₹819.6cr and profit ₹85.3cr surge

Netweb Technologies reported a remarkable 181% jump in net profit to Rs 85.3 crore in Q1 FY26, driven by robust growth in its AI Systems segment contributing 62.29% of revenue.

29 Jul 2026
TL;DR

Indian rupee rises to 95.72 after RBI intervention and inflows

The Indian rupee opened at 95.72 per US dollar, gaining 14 paise from its previous close of 95.86, supported by foreign inflows and RBI intervention for stability.

29 Jul 2026
TL;DR

Reliance Industries revenue up 40.65% but net profit down 25.87%

Reliance Industries' standalone net sales rose 40.65% year-on-year to Rs 163,631 crore in June 2026, showcasing robust operational performance despite a decline in net profit.

29 Jul 2026
TL;DR

Shree Balaji (Mala) Textiles expected to list with 80% jump

Shree Balaji (Mala) Textiles debuts on the BSE SME platform today, with a strong 80% Grey Market Premium (GMP) signaling robust investor enthusiasm and potential listing gains.

29 Jul 2026
TL;DR

Sony temporarily shuts Kumamoto Technology Center after July 28 earthquake

Sony Semiconductor Solutions halted operations at its Kumamoto facility following a July 28 earthquake, with damage assessments currently underway.

29 Jul 2026
TL;DR

Indian markets eye 24,000 as Iran tensions keep traders cautious

GIFT Nifty traded 130 points higher at 24,221.5 on July 29, signaling a gap-up opening for Nifty 50 despite geopolitical tensions and surging crude oil prices.

29 Jul 2026
TL;DR

eBay and former executives pay $55.7 million to settle with Steiners

EBay and three former executives will pay $55.7 million to resolve a lawsuit over a bizarre harassment campaign targeting a Massachusetts couple critical of the company.

29 Jul 2026
TL;DR

Sonos calls India priority market as home theater demand rises

Sonos is intensifying its focus on India as affluent consumers increasingly invest in high-end home theatre systems, driving strong demand for the brand's premium audio products.

29 Jul 2026
TL;DR

Ardee Industries IPO priced ₹50-₹53 public can apply Aug 5-7

Ardee Industries has set its IPO price band at ₹50-₹53 per share, with subscriptions open from August 5 to August 7. Anchor investor allocation is scheduled for August 4.

29 Jul 2026
TL;DR

KOSPI jumps 1.49% as Samsung Electronics fuels market rebound

South Korean shares rebounded on Wednesday as dip buying surged, driven by strong chipmaker earnings and optimism around U.S.-Iran talks, lifting the KOSPI index significantly.

29 Jul 2026
TL;DR

WhatsApp adds browser audio and video calls in gradual rollout

WhatsApp now allows users to make audio and video calls directly from their web browser, enhancing convenience and flexibility for desktop and laptop users.

29 Jul 2026
TL;DR

US retaliation against Iran sends oil over 4% near $87.50

Brent crude surged over 4% to $87.50 per barrel as Middle East tensions reignited fears of energy supply disruptions, reversing its sharp three-day decline since April 2020.

29 Jul 2026
TL;DR

UCO Bank to raise $500 million using RBI concessional swap window

UCO Bank aims to raise $500 million via non-resident deposits and overseas borrowings, leveraging the RBI's concessional foreign currency funding window to lower costs.

29 Jul 2026
TL;DR

Tata Communications, TTBS launch voice AI agents for Indian SMBs

Tata Communications and TTBS are leveraging hyper-personalised AI agents to empower India’s 60 million SMBs with enterprise-grade digital capabilities.

29 Jul 2026
TL;DR

SK Hynix reports 557% operating profit surge but misses expectations

SK Hynix reported a 557% surge in operating profit and 257% revenue growth year-over-year, but both metrics fell short of analyst expectations, with shares reversing initial gains.

29 Jul 2026
TL;DR

Ekart supplies over 1,000 dark stores to expand Flipkart Minutes

Ekart, Flipkart’s logistics arm, is leveraging a unified supply chain to excel in both quick commerce with 10-minute deliveries and traditional e-commerce with 2-day shipping.

29 Jul 2026
TL;DR

Cyera to buy Oasis Security for $1B boosting AI security

Cyera has signed a $1 billion deal to acquire Oasis Security, aiming to enhance cybersecurity for the growing number of AI agents in enterprises.

29 Jul 2026
TL;DR

APSEZ seeks about 63.9% stake in Associated British Ports group

Adani Ports is considering acquiring a 63.9% controlling stake in Associated British Ports, the UK’s largest port operator, to expand its global port network.

29 Jul 2026
TL;DR

SK hynix posts 94 trillion won Q2 net profit surge

SK Hynix reported a staggering 1,242% year-on-year net profit increase in Q2, driven by soaring AI-driven demand for its high bandwidth memory chips.

29 Jul 2026
TL;DR

OpenAI CEO Sam Altman urges temporary slowing of AI development

OpenAI CEO Sam Altman suggests pacing AI advancements to ensure societal readiness, citing a recent security breach and growing concerns over model safety and alignment.

29 Jul 2026
TL;DR

Coursera invests $100 million in LearnVector and takes 1-third stake

Coursera co-founder Andrew Ng launched LearnVector, an AI-driven education startup, with $100 million backing from Coursera to upskill white-collar workers for the AI era.

29 Jul 2026
TL;DR

Javier Medrano sues Tesla in Houston over FSD safety warnings

Javier Medrano, a former Tesla manager, alleges systemic safety failures in the company's Full Self-Driving testing program, citing dangerous staffing ratios and ignored warnings.

29 Jul 2026
TL;DR

Air India to post over ₹1,200 cr Q1 FY2027 loss

Air India's provisional Q1FY27 loss has surpassed ₹1,200 crore, driven by soaring fuel costs and operational challenges like Pakistan's airspace closure.

29 Jul 2026
TL;DR

Larry Ellison and family face $9.8B risk from Paramount deal

Larry Ellison and his family face a $9.8 billion liability if Paramount Skydance’s acquisition of Warner Bros. Discovery fails due to regulatory hurdles.

29 Jul 2026
TL;DR

Unilever calls India central as HUL eyes high single-digit growth

Unilever CEO Fernando Fernandez reaffirmed the company's commitment to investing in India, citing its pivotal role in driving Unilever's growth over the next decade.

29 Jul 2026
TL;DR

Pegasystems bets on outcome-based AI pricing to curb costs

Pegasystems is shifting to outcome-based pricing as enterprises prioritize cost control and ROI over deploying extensive AI agents, says CTO Don Schuerman.

28 Jul 2026
Delhi High Court

Delhi HC orders winding up of Paytm Payments Bank

The Delhi High Court has ordered the closure of Paytm Payments Bank Limited (PPBL), a move initiated by the Reserve Bank of India (RBI) after the bank's failure to comply with regulatory norms.

28 Jul 2026
Dubai

How Musk lost nearly $500B in a month

Elon Musk's net worth has witnessed a massive decline in July, plummeting from about $1.32 trillion to some $832 billion.

28 Jul 2026
Indian Economy

India's factory output rises 7.3% in June on manufacturing boost

India's industrial output witnessed a significant jump, growing at a rate of 7.3% year-on-year in June 2026.

28 Jul 2026
Flipkart

Flipkart opens Ekart logistics network to businesses across India

Ekart, the supply chain arm of Flipkart Group, has opened its pan-India logistics network for external businesses.

NPCI working with banks, UPI apps to strengthen user privacy

The National Payments Corporation of India (NPCI) is working with Unified Payments Interface (UPI) apps and partner banks to implement the Digital Personal Data Protection (DPDP) law, according to Moneycontrol.

28 Jul 2026
Flipkart

Flipkart trims stake in Shadowfax

Flipkart has reduced its stake in Shadowfax Technologies Ltd, a logistics solution provider, to 1.52% after selling over 3.37 crore shares through an open market transaction on July 24, according to a stock exchange filing.

28 Jul 2026
Android

Google rivals seek billions in damages after $1B EU fine

Google is facing a new wave of costly lawsuits in Europe, after losing a key case under new EU legislation.

28 Jul 2026
Hyderabad

AMD to hire 4,500 employees in India

Advanced Micro Devices (AMD), a leading US-based semiconductor company, has announced plans to expand its workforce in India.

28 Jul 2026
Flipkart

Swiggy appoints ex-Myntra chief Nandita Sinha as Instamart CEO

Swiggy has announced a major leadership change in its quick commerce business, Instamart.

28 Jul 2026
Asia

Why IT stocks are rising as AI chip stocks fall

The Indian IT sector has shown resilience amid a global sell-off in chipmakers.

28 Jul 2026
Hong Kong

Chinese AI infrastructure supplier Zhongji Innolight raises $6.8B in IPO

Chinese optical components manufacturer, Zhongji Innolight, has raised HK$53.41 billion ($6.81 billion) through its Hong Kong listing.

Indo-MIM IPO allotment today: How to check status online

Indo-MIM's initial public offering (IPO) allotment is likely to be finalized today.

28 Jul 2026
Elon Musk

SpaceX loses $1.2 trillion in market value in post-IPO slump

SpaceX has witnessed a massive decline in its market capitalization, losing over $1.2 trillion since hitting a peak price of $225.64 in June.

28 Jul 2026
Apple Pay

X Money digital payments service launched in US

Elon Musk's social media platform, X, has launched a new feature called 'X Money.'

28 Jul 2026
Netflix

Netflix faces lawsuit over executive's firing after team retreat

Kevin Baillie, a former Vice President and Head of Creative at Eyeline Studios, Netflix's visual effects division, has filed a lawsuit against the company.

28 Jul 2026
Johnson & Johnson

Johnson & Johnson settles talc cancer lawsuits for $5.5B

Johnson & Johnson (J&J) has agreed to a landmark settlement of $5.5 billion, resolving thousands of lawsuits linking its talc products with ovarian cancer.

28 Jul 2026
NVIDIA

South Korea's KOSPI crashes 8% as chip stocks tumble

South Korea's KOSPI index plummeted by nearly 8% on Tuesday, triggering a temporary suspension of program trading.

27 Jul 2026
Air India

Air India, Modi government partner to promote Indian tourism globally

The Ministry of Tourism (MoT) has signed a Memorandum of Understanding (MoU) with Air India.

27 Jul 2026
HDFC Bank

Why HDFC Bank has fined its CEO, CFO ₹1L each

HDFC Bank has imposed a fine of ₹1 lakh each on its Managing Director and CEO Sashidhar Jagdishan, Chief Financial Officer Srinivasan Vaidyanathan, and Group Head-Retail Assets Arvind Vohra.

27 Jul 2026
Ratan Tata

Why transfer of Ratan Tata's stocks to charity is delayed

The transfer of 3,368 Tata Sons shares owned by the late Ratan Tata to two charitable entities has been delayed.

27 Jul 2026
India

Indians with ₹100cr+ income touches 5-year high, says Finance Ministry

The number of individuals declaring a gross total income (GTI) of ₹100 crore or more has hit a five-year high in India.

27 Jul 2026
India

Why specialist deep-tech funds are now spawning in India

India's push for self-reliance in semiconductors, defense, space, and artificial intelligence (AI) is giving rise to a new breed of specialized deep-tech funds.

27 Jul 2026
HCL

HCLTech will now cater to small businesses in India

HCL Technologies, India's third-largest IT services company, has launched a dedicated business unit for small and mid-sized companies.

Global IT spending to reach $6.37 trillion in 2026: Gartner

Global IT spending is projected to grow by 14.2% in 2026, reaching $6.37 trillion from $5.58 trillion in 2025, according to a recent report by Gartner.

27 Jul 2026
Indian Government

Centre clears RBI proposal to test ₹10, ₹20 plastic banknotes

The Indian government has approved the Reserve Bank of India's (RBI) proposal to conduct field trials of polymer banknotes in the ₹10 and ₹20 denominations.

27 Jul 2026
United States of America

Shein swung to $99M loss in Q1. Reason? Donald Trump

Fast-fashion giant Shein, which is headquartered in Singapore but was founded in China, has reported a loss of $99 million in Q1 2026.

27 Jul 2026
Apple

Apple negotiating lower prices for iPhone 18 Pro Max display

Apple is negotiating with its display suppliers to lower the prices of OLED panels for the upcoming iPhone 18 Pro Max.

27 Jul 2026
Paytm

Paytm users can now file ITRs via ClearTax for ₹11

Paytm has teamed up with ClearTax, a tax-filing platform, to provide online income tax return (ITR) filing services via its app.

27 Jul 2026
Air India

Tata Sons FY26 profit jumps 22% to ₹31,961cr

Tata Sons has reported a 22% surge in its annual profit for the fiscal year ending March 2026.

27 Jul 2026
Indian Economy

How small-ticket loans are driving India's consumption story

India's consumption story is being driven by easy access to credit, with small-ticket consumer loans becoming the preferred financing option for discretionary purchases.

27 Jul 2026
China

Why China's export curbs threaten $6.5 trillion supply chains

China's recent export restrictions on critical minerals and rare earth elements could endanger an estimated $6.5 trillion worth of annual downstream production outside the country, the International Energy Agency (IEA) has warned.

27 Jul 2026
Deepinder Goyal

Deepinder Goyal's Temple doubles valuation to $375M in 5 months

Temple, a wearable tech start-up founded by Deepinder Goyal, the founder of Eternal, has launched an employee stock ownership plan (ESOP) liquidity program.

27 Jul 2026
Apple

Why budget smartphones are struggling in India

India's smartphone market witnessed a major slowdown in the April-June quarter, with a 10% year-on-year (YoY) decline.

27 Jul 2026
Donald Trump

US appeals court blocks Trump's mail-in voting order

A federal appeals court has blocked President Donald Trump's executive order aimed at tightening mail-in voting rules in 23 states.

27 Jul 2026
India

Why India's shipping costs are rising despite falling oil prices

Despite a decline in oil prices, India's shipping industry is still facing high freight costs.

27 Jul 2026
Indian Government

Indian government bonds see rally today: What's the reason?

Indian government bonds witnessed a major rally at the start of the week today, recovering from last week's losses.

27 Jul 2026
Indian Rupee (INR)

Can INR strengthen to 95/$ in coming months?

The Indian rupee could appreciate against the US dollar in the coming months, according to Anindya Banerjee, Head of Research-Currency, Commodity, and Interest Rate Derivatives at Kotak Securities.

27 Jul 2026
Bitcoin

Bitcoin rebounds above $65,000

Bitcoin (BTC), the world's largest cryptocurrency by market cap, has surged past the $65,000 mark. The price is up by some 1.2% in the last 24 hours.

27 Jul 2026
Infosys

What's driving the rally in Indian IT stocks today

Leading Indian IT stocks, including Infosys and Tata Consultancy Services (TCS), witnessed a significant surge in their share prices on Monday.

27 Jul 2026
Chennai

8th Pay Commission to hold meetings with stakeholders in September

The 8th Pay Commission has announced its plan to hold meetings with employee and pensioner bodies, as well as other stakeholders in Chennai and Puducherry.

27 Jul 2026
Reserve Bank Of India (RBI)

RBI's latest move may bring $85B in forex inflows

India is poised to witness a major surge in Foreign Currency Non-Resident (Bank) deposits, with projections of inflows between $65-70 billion by the end of the scheme.

27 Jul 2026
Sanjay Malhotra

RBI's forex measures attract $32B in foreign inflows

The RBI Governor Sanjay Malhotra has revealed that banks have successfully mobilized nearly $32 billion through Foreign Currency Non-Resident Bank (FCNR(B)) deposits.

27 Jul 2026
US Dollars

Why gold and silver prices are rallying today

Gold prices rose on Monday, buoyed by a weaker US dollar and lower Treasury yields.