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Business News

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06 Jul 2026
TL;DR

Titan Company Q1 consumer business jumps 41% on festival shopping

Titan reported a 41% growth in its consumer business for Q1, driven by strong festival demand and a 39% surge in its core jewellery segment despite high gold prices.

06 Jul 2026
TL;DR

Judge refuses to overturn jury finding Musk misled Twitter investors

A US judge denied Elon Musk's request to overturn a jury verdict finding he defrauded Twitter investors during his 2022 takeover bid, while clearing him of one tweet.

06 Jul 2026
TL;DR

Indian stock market extends 4 day streak with 0.7% gains

Benchmarks Nifty 50 and BSE Sensex gained 0.7% each on July 6, marking a four-day positive streak, though weaker compared to the June rally.

06 Jul 2026
TL;DR

Intellect Design Arena shifts to AI 1st banking with eMach.ai

Chennai-based Intellect Design Arena advances ‘AI-First Banking’ via its eMACH.ai platform, focusing on enterprise AI, governance, and measurable business outcomes.

06 Jul 2026
TL;DR

B Capital closes Ascent Fund III at $500 million for innovation

B Capital, investor in Meesho and Dailyhunt, has closed its $500 million Ascent Fund III to back AI-driven startups and frontier technologies across North America and Asia.

06 Jul 2026
TL;DR

NCLT approves Torrent Pharmaceuticals merger with JB Chemicals & Pharmaceuticals

The National Company Law Tribunal has sanctioned the merger of JB Chemicals with Torrent Pharmaceuticals, marking a significant step in India's pharmaceutical sector consolidation.

06 Jul 2026
TL;DR

Laser Power & Infra sets IPO band ₹203-₹214, targets ₹3,000cr

Laser Power & Infra has set a price band of ₹203-₹214 per share for its ₹3,000 crore IPO, including ₹742 crore from fresh equity issuance. Bidding opens this week.

06 Jul 2026
TL;DR

Anish Shah calls AI game changer as Mahindra scales AI

Mahindra Group CEO Anish Shah emphasizes the need for bold, large-scale AI integration, asserting its transformative impact on industries, decision-making, and work dynamics.

06 Jul 2026
TL;DR

Kerala, Adani Group dispute proposed 49% Vizhinjam port sale

The Kerala government and Adani Group are working to resolve tensions after the State expressed displeasure over being uninformed about the Vizhinjam port stake sale.

06 Jul 2026
TL;DR

Morgan Stanley says AI investment shifting from chipmakers to hyperscalers

Morgan Stanley predicts a market rotation as investors pivot from semiconductor stocks to AI hyperscalers, consumer discretionary, transport, and biotech sectors.

06 Jul 2026
TL;DR

Semiconductor stocks surge as AI optimism lifts Nasdaq 1.3%

Chipmakers rebounded as speculation over sustained AI investment fueled optimism, lifting the Nasdaq 100 by 1.3%. Broadcom surged after expanding its partnership with Apple.

06 Jul 2026
TL;DR

Capillary Technologies loses €3m after deepfake voice and forged signatures

Capillary Technologies disclosed a €3 million cyber-enabled fraud at its overseas subsidiary, involving voice cloning, forged signatures, and social engineering techniques.

06 Jul 2026
TL;DR

SEBI clears Manipal Health Enterprises ₹8,000 cr IPO, promoter sell-off

Manipal Health Enterprises Ltd has received SEBI approval for its ₹8,000 crore IPO, comprising a fresh issue and an offer for sale by existing investors.

06 Jul 2026
TL;DR

Lockheed Martin to acquire Ultra Maritime for $3.45 billion

Lockheed Martin is set to acquire naval defence firm Ultra Maritime from Advent International for $3.45 billion, bolstering its expertise in anti-submarine warfare technologies.

06 Jul 2026
TL;DR

TMICC opens innovation center in Whitefield, Bengaluru for Indian consumers

The Magnum Ice Cream Company has inaugurated a cutting-edge RD&I Centre in Bengaluru to drive consumer-focused product and packaging innovation for its iconic ice cream brands.

06 Jul 2026
TL;DR

TCS leads Indian IT earnings season as modest growth expected

Brokerages anticipate a mixed Q1FY27 for IT firms as macroeconomic uncertainty, AI-driven disruptions, and geopolitical challenges weigh on growth and discretionary spending.

06 Jul 2026
TL;DR

Hyderabad's ekincare acquires Superclaims to speed approvals under 5 minutes

Digital health platform ekincare has acquired Superclaims, an AI-based claims adjudication SaaS platform, reducing health insurance claim processing time to under 5 minutes.

06 Jul 2026
TL;DR

MEIL and Analog to invest $300 million to $500 million in Hyderabad

Hyderabad's MEIL and Abu Dhabi's Analog plan to invest up to $500 million in AI-powered "physical intelligence" technology, transforming urban infrastructure across India.

06 Jul 2026
TL;DR

PhonePe folds insurance into payments, Sonika Chandra to lead

PhonePe has integrated its insurance business into its consumer payments unit after CEO Vishal Gupta's departure to pursue his entrepreneurial aspirations.

06 Jul 2026
TL;DR

Trump rings NYSE/Nasdaq bells, spotlights 'Trump Accounts' from Oval Office

President Trump symbolically opened Wall Street trading from the Oval Office, emphasizing stock market gains under his presidency despite low public approval amid rising inflation.

06 Jul 2026
TL;DR

Hexaware Technologies partners with SmartRent to deploy AI with Salesforce

Hexaware Technologies partners with SmartRent Inc. to enhance customer operations and revenue processes using AI-native solutions and Salesforce Revenue Cloud.

06 Jul 2026
TL;DR

Morgan Stanley: India's IT firms set to benefit from AI

Morgan Stanley identifies Indian IT services as a "dark horse" in the AI boom, highlighting their potential to build and scale AI applications despite near-term valuation concerns.

06 Jul 2026
TL;DR

Wall Street opens mixed as Nasdaq jumps, Dow slips

US stocks opened mixed on Monday, with the Nasdaq and S&P 500 gaining as chip stocks rebounded, while the Dow slipped slightly by 0.14%.

06 Jul 2026
TL;DR

Saudi cuts August Asia oil price $1.50 below Oman-Dubai average

Saudi Arabia has slashed its August Arab Light crude price to $1.50 below the Oman/Dubai average, marking the lowest level since June 2020 amid rising Middle Eastern supplies.

06 Jul 2026
TL;DR

Saudi Arabia cuts Arab Light $11 a barrel for Asia

Saudi Arabia has reduced the August price of its Arab Light crude for Asia by $11 a barrel, marking the steepest cut in at least 26 years amid rising OPEC+ supply.

06 Jul 2026
TL;DR

IndiGo reshuffles leadership to speed international expansion and improve operations

IndiGo is undergoing a historic leadership transformation, appointing seasoned aviation executives to drive international expansion, operational resilience, and strategic growth.

06 Jul 2026
TL;DR

Tencent Mobility to raise up to $1.55bn from Kuaishou sale

Tencent Mobility plans to raise up to $1.55 billion by selling 273 million Kuaishou Class B shares at a discounted price range of HK$43.15 to HK$44.53 each.

06 Jul 2026
TL;DR

Apple locks long term Broadcom chip supply deal through 2031

Broadcom and Apple have expanded their partnership through 2031, ensuring the supply of custom chips critical for iPhones and bolstering Apple's long-term supply chain resilience.

06 Jul 2026
TL;DR

Rentomojo gets SEBI approval for ₹150 cr IPO plan

Rentomojo, India's leading rental platform for furniture and appliances, has obtained Sebi approval to raise Rs 150 crore through a fresh equity issue and an offer for sale.

06 Jul 2026
TL;DR

Goldman Sachs: US hedge funds sell semiconductors 4th straight week

U.S. hedge funds offloaded semiconductor and tech hardware stocks for the fourth consecutive week, amid declining global chip shares and concerns over AI-related spending returns.

06 Jul 2026
TL;DR

Steriline raises ₹1,500cr from institutions to cut debt and grow

Sterlite Technologies Ltd secured ₹1,500 crore through a Qualified Institutional Placement to reduce debt and support its next growth phase with global investor participation.

06 Jul 2026
TL;DR

Amit Shah announces cooperative life insurer to expand insurance access

Union Minister Amit Shah announced plans to establish a cooperative life insurance company, aiming to boost India's cooperative sector and expand its reach.

06 Jul 2026
Blinkit

Blinkit pilots premium grocery service 'Gourmet'

Blinkit, a leading player in the quick commerce space, has launched a new premium grocery service called 'Gourmet.'

06 Jul 2026
TL;DR

Morgan Stanley calls dip in Indian stocks temporary cyclical setback

Morgan Stanley remains optimistic about Indian equities, citing stronger economic growth and structural strengths as key drivers for a potential market recovery.

06 Jul 2026
China

Chinese tea chain's logo costs $1.5M in Louis Vuitton lawsuit

Molly Tea, a popular Chinese bubble tea brand, has been ordered by a court in Jiangsu province to pay damages of 10.3 million yuan ($1.5 million) to luxury fashion house Louis Vuitton.

06 Jul 2026
TL;DR

Indian rupee hits 3-week low at 95.3950 per US dollar

The Indian rupee fell to a three-week low on Monday, pressured by a stronger dollar and maturing non-deliverable forward contracts despite regulatory measures to support inflows.

06 Jul 2026
TL;DR

NSE IPO set for September could raise 32,000cr valuing 5-5.3Lcr

The National Stock Exchange is preparing for a ₹30,000–32,000 crore IPO in September, aiming to value the exchange at ₹5-5.3 lakh crore, sources reveal.

06 Jul 2026
Inflation

Weak monsoon could push India's inflation to 5%: S&P

A weak monsoon in India could push up inflation, weaken rural demand, and strain fiscal balances. This is according to a report by S&P Global Ratings.

06 Jul 2026
TL;DR

Sensex climbs 521 as Nifty rises 160 on Monday

Sensex surged 521 points and Nifty closed above 24,400, driven by banking heavyweights, strong auto and realty stocks, and positive stock-specific actions.

06 Jul 2026
TL;DR

Nestle India is setting up a large GCC in Hyderabad

Nestle India is launching a major Global Capability Centre in Hyderabad, joining global brands like McDonald's and L'Oréal to leverage India's growth potential.

06 Jul 2026
TL;DR

Gold and silver fall in India as US dollar strengthens

Gold prices fell ₹150 to ₹1,50,650 per 10 grams, while silver dropped ₹5,000 to ₹2,40,000 per kilogram as a firm US dollar weakened bullion demand.

06 Jul 2026
TL;DR

Maya Tata reportedly to join Westside e-commerce amid Trent shift

Maya Tata, daughter of Noel Tata, is a rising leader in the Tata Group, gaining cross-functional experience across finance and digital retail within multiple group companies.

06 Jul 2026
TL;DR

SEBI proposes easing short selling to double borrowable NSE stocks

Sebi aims to nearly double stocks eligible for borrowing and lending while reducing collateral requirements, making short selling easier and boosting cash market activity.

06 Jul 2026
Kotak Mahindra Bank

Standard Chartered shuts 20 India branches, focuses on wealth management

British banking giant Standard Chartered has cut its branch network in India from some 100 to 80 in the last year, according to Business Standard.

06 Jul 2026
4G

Your mobile recharge could get costlier soon

India's telecom sector is likely to witness a tariff hike of 12-15% in the next three to four months, according to a report by Centrum Institutional Research.

06 Jul 2026
TL;DR

flyadeal launches 1st direct Riyadh to Hyderabad daily A320 service

Saudi low-cost carrier flyadeal has launched daily direct flights between Hyderabad and Riyadh, marking its entry into the fast-growing Indian aviation market.

06 Jul 2026
TL;DR

Sky to buy ITV channels and streaming service for £1.6bn

ITV and Sky have joined forces in a $2.1 billion deal, creating a powerhouse to rival global streaming giants while reshaping the UK television advertising market.

06 Jul 2026
TL;DR

Tim Steiner to step down as Ocado CEO end 2027

Tim Steiner, Ocado’s co-founder and CEO, will step down in December 2027, transitioning to a “founder role” for strategic guidance until 2029.

06 Jul 2026
Samsung Electronics

Samsung Electronics' non-chip division workers to protest wage disparity

Samsung Electronics' non-chip division workers are gearing up for a major protest.

06 Jul 2026
TL;DR

Bitcoin rebounds to $62,980 on $224 million spot Bitcoin ETF inflows

Bitcoin nears $62,980 as renewed ETF inflows and easing macroeconomic concerns boost investor sentiment, marking a 4.17% weekly gain despite low holiday trading volumes.

06 Jul 2026
TL;DR

Flipkart named among India's top 5 workplaces in 2026

Flipkart's recognition as one of India's Top 5 Best Companies to Work For stems from its focus on continuous learning, employee growth, and holistic well-being initiatives.

06 Jul 2026
Ather Energy

Ather Energy plans $200M share sale to fuel expansion

Ather Energy, a leading electric scooter manufacturer, is planning a major share sale, according to Bloomberg.

06 Jul 2026
TL;DR

Indiabulls shares hit ₹30.76 52-week high after 180% 3-month rise

Indiabulls share price surged 75% YTD, hitting a fresh 52-week high of ₹30.76, driven by strong buying momentum and robust trading volumes on the BSE.

06 Jul 2026
TL;DR

Gopal Jain says India could soon lead global enterprise AI

India is poised to become a global hub for enterprise AI services, leveraging its strong talent pool and private equity capital to build foundational technologies, says Gopal Jain.

06 Jul 2026
TL;DR

HSBC report: 86% Indian HNIs use AI, still trust advisers

A recent HSBC report reveals that 86% of India's high-net-worth individuals use AI for investment research, yet human advisors remain central to decision-making processes.

06 Jul 2026
TL;DR

India adds 1.6 GW thermal capacity by May, 60% jump

India added 1.6 GW of thermal capacity by May 2026, marking a 60% year-on-year increase, despite delays in equipment supply and land acquisition stalling several projects.

NSE set to kick off $3B IPO marketing next week

The National Stock Exchange of India (NSE), the world's largest derivatives exchange by trading volume, is gearing up for a major milestone.

06 Jul 2026
TL;DR

Standard Chartered trims India branches to 80, keeps RBI licenses

Standard Chartered has reduced its branch network in India from 100 to 80, focusing on wealth management and affluent banking amid intense competition from domestic lenders.

06 Jul 2026
TL;DR

Riyadh Air starts daily nonstop Mumbai Riyadh service August 4

Riyadh Air will launch daily direct flights between Mumbai and Riyadh from August 4, marking its entry into India with premium services on Boeing B787-9 aircraft.

06 Jul 2026
TL;DR

Samsung Electronics workers to protest in Suwon over bonus gap

Samsung Electronics' appliance division workers will rally on July 16, protesting significant bonus disparities favoring chip workers, who recently secured a lucrative wage deal.

06 Jul 2026
TL;DR

Bitcoin nears $63,000 after $224 million spot ETF inflows boost

Bitcoin traded near $63,000 as $224 million in ETF inflows ended a six-day outflow streak, signaling improved market sentiment amid cautious optimism ahead of macroeconomic events.

06 Jul 2026
TikTok

Ex-Google recruiter flags common resume mistake that hurts interview chances

Farah Sharghi, a former recruiter for Google, TikTok, Uber, and The New York Times, has revealed a common mistake that can hurt job seekers' chances of landing interviews.

06 Jul 2026
TL;DR

Suzuki's Next Bharat Ventures launches ₹2000cr fund for rural startups

Next Bharat Ventures, a subsidiary of Suzuki Motor Corp., has unveiled its second ₹2,000 crore impact fund to support rural entrepreneurs and drive grassroots transformation.

Navi eyes ₹3,000cr IPO by March 2027

Navi, the fintech start-up co-founded by Flipkart's Sachin Bansal, is gearing up for an initial public offering (IPO) by March 2027.

06 Jul 2026
TL;DR

Morgan Stanley sees 25% chance Sensex reaches 100,000 next year

Morgan Stanley's Ridham Desai predicts a 25% chance of the Sensex reaching 1 lakh within a year, driven by stronger earnings and India's improving macroeconomic fundamentals.

06 Jul 2026
TL;DR

Indian firms favor AI readiness and specialized skills over headcount

Indian companies are shifting focus to AI readiness and specialised skills, emphasising capability-led hiring over large-scale workforce expansion, according to a recent report.

06 Jul 2026
Boeing

Akasa Air to join UDAN scheme, expand capacity significantly

Akasa Air, the new Indian airline, is gearing up to join the government's regional air connectivity scheme, UDAN. The announcement was made by CEO Vinay Dube.

06 Jul 2026
HDFC Bank

Sensex rises nearly 600 points: What's behind today's rally?

India's equity benchmarks, the Sensex and Nifty, opened on a positive note on Monday.

06 Jul 2026
Elon Musk

Tesla limits employee AI spending to $200 per week

Tesla has introduced a new policy, limiting its employees' spending on artificial intelligence (AI) tools to $200 per week.

06 Jul 2026
TL;DR

India mobile bills may rise 12-15% after telco price hikes

India's telecom sector is gearing up for a 12-15% tariff hike within the next three to four months, driven by market consolidation and increasing 4G/5G adoption.

06 Jul 2026
TL;DR

Agility Robotics to go public in Churchill SPAC valued $2.5B

Agility Robotics is set to go public via a $2.5 billion SPAC deal, focusing on warehouse robots while downplaying near-term prospects for humanoids in home environments.

06 Jul 2026
TL;DR

South Korea opens 24-hour onshore dollar-won trading Monday to Saturday

South Korea has introduced a 24-hour onshore dollar-won trading system, aiming to enhance currency accessibility and attract foreign investors for global market recognition.

06 Jul 2026
Denmark

Uber pauses food delivery expansion in Europe

Uber has put a halt to its planned food delivery expansion in Europe, according to Financial Times.

06 Jul 2026
TL;DR

KOEL shares jump over 8% after Jefferies sets ₹2,815 target

Kirloskar Oil Engines shares jumped 8% after Jefferies initiated coverage with a 'Buy' rating, citing strong growth potential and bullish prospects in the data centre segment.

06 Jul 2026
TL;DR

IRDAI to make commission structures public and prioritize customer needs

IRDAI plans to link insurance commissions to product complexity and policy retention, aiming for greater transparency and improved customer-centric practices.

Knack Packaging IPO allotment today: How to check status

The allotment for the Knack Packaging IPO is expected to be finalized today. Investors will soon know if they have been allocated shares in this highly subscribed public issue worth ₹439.5 crore.

06 Jul 2026
TL;DR

NSE filed draft prospectus for $3 billion secondary IPO

India's National Stock Exchange is set to launch formal marketing for its $3 billion IPO next week, targeting global investors across the US, Europe, Asia, and the Middle East.

06 Jul 2026
Amazon

Amazon to halt new sign-ups for its gig work platform

Amazon has announced that it will stop accepting new customers for its crowdsourcing service, Mechanical Turk, from July 30.

06 Jul 2026
Iran

BPCL begins talks to import Iranian oil

Bharat Petroleum Corporation Limited (BPCL), India's second-largest fuel retailer, has begun talks with Iranian suppliers for the resumption of crude oil imports.

Webasto plans $500M IPO for India unit

German car parts supplier Webasto is planning an initial public offering (IPO) for its Indian subsidiary, Webasto Roofsystems India.

06 Jul 2026
TL;DR

Meesho now gets over 75% orders from Prism AI recommendations

Meesho bets on conversational commerce and hyper-personalisation, leveraging AI to redefine online shopping for India's browse-heavy consumers over traditional search.

06 Jul 2026
NVIDIA

AI boom to drive Samsung's Q2 profit up nearly 18x

Samsung Electronics, the world's largest memory chipmaker by sales, is likely to see its operating profit jump nearly 18-fold in the second quarter.

06 Jul 2026
TL;DR

Virtuoso Music launches India office July 6, 2026 to back artists

Virtuoso Music launches in India, focusing on Hindi, Punjabi, Tamil, and Telugu music with an artist-first model to empower creators and foster collaborations.

06 Jul 2026
TL;DR

Granules India secures 1st-to-file exclusivity for Lumryz generic in US.

Granules India has obtained sole First-to-File (FTF) status for its generic version of Lumryz, marking a significant milestone in its complex generics portfolio expansion.

06 Jul 2026
TL;DR

Amazon Prime Day 2026 ends today with smart appliance discounts

The Amazon Prime Day 2026 sale concludes today, offering massive discounts on TVs, refrigerators, washing machines, air conditioners, and more. Don't miss these last-minute deals!

06 Jul 2026
TL;DR

Glenmark Pharmaceuticals launches generic olanzapine injection in US hospitals

Glenmark Pharmaceuticals has introduced a bioequivalent generic version of Zyprexa injection in the US, targeting schizophrenia and bipolar disorder treatment with a $25.4M market.

06 Jul 2026
TL;DR

Rupee falls to 95.28 as analysts say RBI builds reserves

The rupee fell 10 paise to 95.28 against the US dollar in early trade, impacted by the dollar's strength and prevailing geopolitical uncertainties surrounding US-Iran peace talks.

06 Jul 2026
TL;DR

Adon Agro Commodities lists at ₹78.25, raises ₹44.03cr in IPO

Adon Agro Commodities shares listed at a 12% premium over the IPO price of Rs 70 on the BSE SME platform, surpassing grey market expectations with a strong opening at Rs 78.25.

06 Jul 2026
Cryptocurrency

Nearly 1M $TRUMP memecoin investors lose $3.8B

A recent report by blockchain analytics firm Nansen has revealed that nearly one million investors in Donald Trump's $TRUMP memecoin have lost a whopping $3.81 billion by the end of June.

06 Jul 2026
Stock Market

Up 4,700% since 2021, V-Marc's 5:1 bonus deadline is today

V-Marc India, a leading wires and cable manufacturer, has announced its first-ever 5:1 bonus issue.

06 Jul 2026
TL;DR

Aastha Spintex opens at ₹130 below IPO top despite oversubscription

Aastha Spintex shares debuted weakly on July 6, listing at Rs 130 per share, a 4.41% discount to the IPO price range of Rs 125-136.

06 Jul 2026
TL;DR

M&M integrates AI across cars, finance, logistics and real estate

Mahindra & Mahindra is transitioning from pilot projects to enterprise-wide AI adoption, embedding the technology across automotive, finance, logistics, and real estate sectors.

06 Jul 2026
TL;DR

Sensex at 78,020 as banks rally before 1st-quarter earnings

Sensex opened 250 points higher, driven by strong banking stocks as HDFC Bank surged 2% following robust Q1 updates. Nifty crossed 24,300, supported by positive investor sentiment.

06 Jul 2026
TL;DR

AI demand squeezes memory supply, raising device prices in India

AI-driven demand for high-bandwidth memory is raising component costs, making smartphones and laptops pricier while limiting brands' ability to offer festive discounts.

06 Jul 2026
NASDAQ

NVIDIA supplier SK Hynix eyes $28B US listing

South Korean chipmaker SK Hynix is gearing up for a massive $28 billion US listing, according to its regulatory filings.

06 Jul 2026
Saudi Arabia

Oil prices fall as Hormuz flows continue, OPEC+ boosts supply

Oil prices have witnessed a decline as the flow of oil through the Strait of Hormuz continues.

06 Jul 2026
TL;DR

Indian rupee opens at ₹95.23, experts expect 94.80 to 95.50

The Indian rupee opened unchanged at 95.23 against the US dollar, while Asian currencies traded mixed, with the South Korean won and Indonesian rupiah leading gains.

06 Jul 2026
TL;DR

Four firms launch IPOs this week to raise ₹1,459cr

Four companies aim to raise Rs 1,459 crore via IPOs, while 10 new firms, including two mainboard listings, are set to debut on stock exchanges this week.

06 Jul 2026
TL;DR

SK Hynix seeks $28B Nasdaq listing via 17.79 million ADRs

South Korean chipmaker SK Hynix, a key supplier of Nvidia's AI chips, is set to launch a $28 billion US listing this week, capitalizing on surging AI-driven investor demand.

06 Jul 2026
TL;DR

Oil falls as OPEC+ plans August boost, Hormuz flows rise

Oil prices dipped as OPEC+ raised production targets, while gold surged near a two-week high, buoyed by a weaker US dollar and softer-than-expected jobs data.

06 Jul 2026
TL;DR

Cisco helps Indian businesses and telcos counter Anthropic's Mythos threats

Cisco is intensifying cybersecurity efforts with Indian stakeholders and leveraging AI infrastructure growth, following Anthropic's Mythos model's impact on the threat landscape.

06 Jul 2026
TL;DR

India markets likely to open flat as Sensex, Nifty rise

The Indian equity benchmarks, Sensex and Nifty 50, are expected to open flat on Monday amid mixed global cues, as Asian markets traded unevenly ahead of US Fed minutes.

06 Jul 2026
TL;DR

Samsung poised to report 18-fold Q2 profit on AI demand

Samsung's projected 18-fold profit surge and record revenue in Q2 may stabilize volatile chip stocks, as booming AI demand drives memory chip price hikes amid supply concerns.

06 Jul 2026
TL;DR

Gold holds near 2-week high after weaker US jobs report

Gold prices hovered near a two-week peak as softer U.S. jobs data tempered Federal Reserve rate hike expectations, with spot gold steady at $4,175.02 per ounce early Monday.

06 Jul 2026
TL;DR

Foreign investors shift to Indian debt amid heavy equity outflows

Foreign portfolio investors are heavily investing in Indian debt due to tax benefits and global index inclusion prospects, while equity investments see significant outflows.

06 Jul 2026
TL;DR

PFRDA lets NPS subscribers withdraw up to 80% lump sum

Recent amendments to NPS withdrawal norms offer greater flexibility, allowing subscribers to access up to 80% of their corpus as a lump sum.

06 Jul 2026
TL;DR

India to double US LPG imports to reduce Gulf dependence

India is reportedly planning to double its LPG imports from the US, aiming to diversify energy sources and reduce reliance on Gulf supplies amid concerns over supply disruptions.

06 Jul 2026
TL;DR

Top Indian executives return to class for AI skills

Senior executives across India are returning to classrooms, pursuing advanced AI courses to stay relevant in a competitive job market and evolving industries.

06 Jul 2026
TL;DR

Sachin Bansal's Navi targets ₹3,000 cr IPO by March 2027

Sachin Bansal’s fintech firm Navi Ltd plans to raise Rs 3,000 crore through an IPO by March 2027, partnering with Kotak Investment Banking to finalize the offering structure.

06 Jul 2026
TL;DR

SK Hynix to list on Nasdaq with $29 billion offering

South Korean chipmaker SK Hynix debuts on Nasdaq with a $29 billion listing, aiming to boost valuation and capitalize on surging AI-driven memory chip demand.

06 Jul 2026
TL;DR

Fortune 500 AI usage squeezes margins at India's IT giants

Indian IT firms face rising AI token costs, threatening budgets and revenue growth. Enterprises now prioritize managing token economics as a core operational challenge.

06 Jul 2026
TL;DR

Uber pauses most 2026 European launches, prioritizes Finland and Denmark

Uber has paused launches in five European countries, citing momentum in existing markets and potential antitrust concerns tied to its ongoing Delivery Hero acquisition efforts.

06 Jul 2026
TL;DR

Graviss Group in talks to acquire Dunkin' India franchise

Graviss Group, operator of Baskin Robbins in India, is negotiating with Inspire Brands to acquire Dunkin's franchise rights, aiming to revamp its struggling operations.

06 Jul 2026
TL;DR

India and Russia target $50 billion mutual investments by 2030

India and Russia aim to achieve $50 billion in mutual investments by 2030, focusing on advanced manufacturing, critical minerals, and green technology through joint projects.

06 Jul 2026
TL;DR

Dilip Asbe joins Swift global supervisory board amplifying India's role

Dilip Asbe, CEO of NPCI, has been inducted into Swift's global supervisory board, marking a pivotal moment for India's influence in shaping global payment standards.

05 Jul 2026
State Bank of India (SBI)

SBI to recruit 1,500 probationary officers this year

The State Bank of India (SBI), the country's largest lender, has announced plans to recruit 1,500 probationary officers this year. The move is part of the bank's strategy to drive business growth.

05 Jul 2026
Europe

Aluminium industry seeks tighter scrap import rules to protect investments

India's aluminum industry is embroiled in a debate over the imposition of import duties.

05 Jul 2026
Adani Group

Adani building South Asia's largest private missile ecosystem in MP

Adani Defence and Aerospace has announced plans to set up South Asia's largest private-sector missile ecosystem in Shivpuri, Madhya Pradesh.

05 Jul 2026
South Korea

Korea will use AI windfall to set up growth fund

South Korea is setting up a "Future Response Fund" with the extra tax revenue from its booming semiconductor industry.

05 Jul 2026
Rapido

Rapido founders booked for running illegal bike taxi service

The founders of the popular bike taxi app, Rapido, have been booked in Nagpur for allegedly running "petrol-powered" bike taxi services without government permission.

05 Jul 2026
Foxconn

Foxconn's Q2 results: Revenue jumps 39.8% YoY to $78.7B

Foxconn, the world's largest contract electronics manufacturer, has reported a whopping 39.8% year-on-year increase in its second-quarter revenue.

05 Jul 2026
Air India

Why Air India issued travel advisory for Delhi, Mumbai flights

Air India has issued a travel advisory for passengers flying to and from Mumbai and Delhi.

05 Jul 2026
China

India intensifies oversight on Chinese herbicide imports

India is intensifying its scrutiny of glufosinate and its salts, a key herbicide from China.

05 Jul 2026
Indian Government

India lifts emergency natural gas supply controls

The Indian government has lifted the emergency natural gas supply controls it had imposed earlier this year.

05 Jul 2026
Airbnb

Airbnb women hosts earn big from World Cup tourism boom

The 2026 FIFA World Cup is more than just a soccer event. As millions of fans flock to North America's host cities, many residents are capitalizing on the tourism surge by renting out their homes.

05 Jul 2026
China

China drops to 5th place in global financial competitiveness ranking

In a surprising move, China's financial competitiveness ranking has dropped by one place on the global stage.

05 Jul 2026
Tata Steel

Why Tata Steel plans to spend ₹20,000cr in FY27

Tata Steel has announced plans to invest around ₹20,000 crore in capital expenditure (capex) for the current fiscal year.

05 Jul 2026
Bharti Airtel

India's top 6 firms add ₹1L crore in market cap

The Indian stock market witnessed a major boost last week, with the combined market capitalization of six top companies rising by ₹1 lakh crore.

This highway asset company wants to raise ₹5,000cr via IPO

Cube Highways Trust, a leading player in India's highway asset sector, is gearing up for a ₹5,000 crore initial public offering (IPO).

05 Jul 2026
Indian Government

Why Modi government canceled auction of 9 strategic mineral blocks

The Indian government has canceled the auction of nine critical and strategic mineral blocks. The move comes due to a lack of investor interest and qualified bidders.

05 Jul 2026
Axis Bank Ltd

Axis Bank reports strong business performance in Q1

Axis Bank, India's third-largest private lender, has reported a strong financial performance for the first quarter of FY27.

05 Jul 2026
Hardeep Singh Puri

India to auction vast unexplored areas for offshore oil drilling

In a bid to tackle the biggest energy supply shock in decades, India is ramping up its domestic crude exploration efforts.

05 Jul 2026
Indian Railways

Kolkata-based Laser Power to launch ₹740cr IPO next week

Kolkata-based Laser Power & Infra Ltd (LPIL) will open its ₹742 crore initial public offering (IPO) on July 9.

05 Jul 2026
Ministry of Finance

New rules for origin of goods under India-UK pact notified

The Ministry of Finance has announced new rules to determine the origin of goods under the India-UK Comprehensive Economic and Trade Agreement (CETA). The rules will come into effect from July 15.

05 Jul 2026
Gautam Adani

Why US DOJ wants case against Adani to be dropped

The US Department of Justice (DOJ) has requested a federal judge to dismiss the criminal case against Indian billionaire Gautam Adani.

05 Jul 2026
Andhra Pradesh

JSW Group to invest ₹50,361cr in Andhra Pradesh

JSW Group, one of India's leading industrial conglomerates, has announced a massive investment of ₹50,361 crore in Andhra Pradesh.

05 Jul 2026
India

India emerges as safe haven for investors amid AI frenzy

As the artificial intelligence (AI) frenzy continues to disrupt markets worldwide, the Nifty 50 Index is emerging as a safe haven for global investors.

04 Jul 2026
Bengaluru

Capgemini daycare abuse case: Whistleblower arrested for tampering with evidence

The whistleblower in the alleged abuse case at a Capgemini daycare center in Bengaluru has been arrested.

04 Jul 2026
Piyush Goyal

India to conclude FTAs with Canada, Mexico, Brazil by 2026-end

India is planning to conclude free trade agreement (FTA) negotiations with Canada, Mexico, and Brazil within the next six months.

04 Jul 2026
Peru

India-Peru FTA unlikely to be finalized soon: Piyush Goyal

Commerce and Industry Minister Piyush Goyal has said that the proposed free trade agreement (FTA) between India and Peru is unlikely to be finalized anytime soon.

This company will lead India's IPO calendar next week

The primary market is gearing up for a major event next week, with Kusumgar leading the charge.

04 Jul 2026
India

India's bilateral investment agreement with Israel is now effective

The India-Israel Bilateral Investment Agreement (BIA) has officially come into effect today, July 4.

04 Jul 2026
Iceland

Akasa Air fleet hits 40 aircraft with Boeing 737 MAX

Akasa Air, India's newest budget airline, has welcomed its 40th aircraft into the fleet. The new addition is a Boeing 737 MAX 8-200 model.

04 Jul 2026
Karnataka High Court

Karnataka HC refuses to stay gig workers' welfare act

The Karnataka High Court has refused to stay the implementation of the Karnataka Platform-Based Gig Workers (Social Security and Welfare) Act, 2025.

04 Jul 2026
Aadhaar

EPFO portal revamped: UAN activation now available only on app

The Employees' Provident Fund Organisation (EPFO) has revamped its Unified Member Portal after a week-long scheduled upgrade. The overhaul includes a new look and several changes to member services.

Square Yards eyes ₹3,000cr revenue, plans IPO in 12-18 months

Proptech platform Square Yards is targeting a revenue of nearly ₹3,000 crore for the current financial year. The company also plans to go public within the next 12-18 months.

04 Jul 2026
China

India's middle class set to drive 93% of consumer spending

India's burgeoning middle class is set to be the country's biggest economic driver in the coming decade, Finance Minister Nirmala Sitharaman said on Friday.

04 Jul 2026
NVIDIA

NVIDIA introduces revenue-sharing model to boost AI hardware access

NVIDIA, the leading player in the artificial intelligence (AI) industry, has announced a new revenue-sharing model.

04 Jul 2026
India

India to contest proposed 12.5% US tariffs on exports

India is gearing up to contest the proposed 12.5% tariffs on its exports by the US Trade Representative (USTR).

Manipal Health Enterprises gets SEBI nod for IPO

Manipal Health Enterprises, a leading hospital chain backed by Singapore's Temasek, has received approval from the Securities and Exchange Board of India (SEBI) for its upcoming initial public offering (IPO), according to Reuters.

04 Jul 2026
Bank of Baroda

RBI fines Bank of Baroda ₹64L for breaching regulatory guidelines

The Reserve Bank of India (RBI) has slapped a hefty fine on Bank of Baroda and GIC Housing Finance for regulatory violations.

04 Jul 2026
Maharashtra Government

Red Bull, Sting can't be marketed as 'energy drinks': FSSAI

The Food Safety and Standards Authority of India (FSSAI) has issued notices to six beverage brands for using the term "energy drink" and making misleading claims.