Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Modi government looking for job sectors that might be AI-proof
India's Commerce Ministry is looking into sectors that could withstand the impact of artificial intelligence (AI) on employment.
SEBI chair Pandey says India could raise ₹2L/cr via IPOs
SEBI Chairman Tuhin Kanta Pandey announced that India could raise around ₹2 lakh crore through IPOs, as the country's equity market continues to grow as a corporate funding source.
Romsons Group secures Temasek investment, company valued at about $500 million
Romsons Group has received strategic investment from Temasek, enhancing its growth prospects and considering a future IPO as it expands its healthcare business globally.
CoRover.ai and Tech Mahindra to combine BharatGPT with Project Indus
CoRover.ai and Tech Mahindra have teamed up to develop AI solutions, combining BharatGPT with Project Indus to enhance multilingual capabilities for global markets.
Jio Airtel Vi may introduce budget voice and SMS STVs
Jio, Airtel, and Vi are set to offer cheaper voice and SMS recharge plans in India following TRAI's new Telecom Consumer Protection Regulation.
HCLTech to overhaul M Group IT across UK and Ireland
HCLTech has won a contract from M Group to transform IT operations across over 200 locations using its AI Force platform, enhancing operational resilience and scalability.
Government examines airport operators owning airlines over Adani Group interest
The Centre is assessing the implications of airport operators owning airlines, with Civil Aviation Minister Ram Mohan Naidu emphasizing a balanced approach.
Mumbai BMC plans 1st-ever ₹9500cr municipal bond sale by 2027
Mumbai's Brihanmumbai Municipal Corporation plans to launch its first bond sale by early 2027, aiming to raise approximately ₹95 billion to fund various infrastructure projects.
Snorkel AI raises $350 million in funding, reaches $3.5B valuation
Snorkel AI has secured $350 million in funding, elevating its valuation to $3.5 billion, driven by increasing demand for complex AI training data and simulated environments.
Persistent Systems boosts Nagarro SE stake to 83.25%
Persistent Systems has increased its stake in German IT company Nagarro SE to 83.25% and plans to delist it from the Frankfurt Stock Exchange.
India mulls changing 10% cap to let airports own airlines
India is considering waiving a rule that prevents New Delhi and Mumbai airport operators from owning more than a 10% stake in airlines.
Nscale seeks $3B NYSE IPO, $35B valuation, reliant on Microsoft/Anthropic
Nscale's upcoming IPO will gauge investor interest in a company heavily reliant on two major contracts, with Microsoft and Anthropic accounting for 85% of its revenue.
SEBI rolls out SWAGAT-FI to streamline foreign-investor onboarding in India
SEBI aims to streamline digital onboarding for non-resident Indians and expand foreign investor participation in commodity derivatives, enhancing the overall investment experience.
Eighth CPC to hold Mumbai consultations, seeks feedback from 1.2cr
The 8th Pay Commission will hold a stakeholder meeting in Mumbai on October 22-23, with key demands including a 3.833 fitment factor and revised allowances from employee unions.
Adani Group settles SEBI case with ₹1.5cr after Hindenburg report
Five Adani Group companies resolved regulatory proceedings with Sebi by paying ₹1.5 crore, addressing issues linked to disclosure lapses and audit-report compliance.
Chennai's Zuppa Geo Navigation seeks $10 million to expand tech center
Chennai-based Zuppa Geo Navigation Technologies plans to raise $10 million to expand its technology development centre and engineering team domestically and internationally.
Indian government working on ₹9,000cr package for handloom and handicrafts
India is preparing a ₹9,000-crore package to support its handlooms and handicraft sector, aiming to enhance scale, preserve heritage crafts, and boost exports over five years.
Solex Energy targets over ₹4,500 cr revenue by fiscal 2028
Solex Energy plans to double its revenue to over ₹4,500 crore by FY28, focusing on expanding solar verticals and integrating renewable energy solutions.
India's 2036 bond yield falls to 7.0106% as oil dips
Indian government bonds gained as oil prices fell below $100 a barrel, easing inflation concerns and reducing expectations of an imminent interest rate hike.
X launches US cashtag program linking tickers to partner platforms
X has introduced the US Cashtag Partner Program, connecting users to trading platforms like Coinbase, Gemini, and Kraken for seamless stock and cryptocurrency trades.
SoftBank draws over $20 billion demand for bonds to fund OpenAI
SoftBank Group Corp. has garnered over $20 billion in preliminary demand for its substantial junk bond offering, aimed at funding investments in AI leader OpenAI.
RBI absorbs 71,971cr via reverse repo to address liquidity surplus
The Reserve Bank of India absorbed ₹71,971 crore from the banking system through an overnight variable rate reverse repo auction amid a significant liquidity surplus.
India and Chile close to FTA on copper and services
India and Chile are in the final stage of negotiations for a comprehensive economic partnership agreement, aiming to conclude the pact by year-end.
US stock futures flat ahead of US and Iran talks
US stock futures remained stable as the Nasdaq reached a record high, while oil prices continued to decline, easing pressure on the bond market amidst geopolitical tensions.
Rural Uttar Pradesh sees 19-kg LPG cylinders ₹600 cheaper
In parts of rural Uttar Pradesh, the price of a 19-kg commercial LPG cylinder has decreased by up to ₹600 due to lower demand and stock buildup.
JSW Group launches financing arm for electric trucks and busses
JSW Group has established a dedicated financing company to support the adoption of electric trucks and buses, aiming to reduce total cost of ownership by 20% compared to diesel.
Gold falls 7% from August peak: Good time to buy?
Gold prices have witnessed a significant decline of 7.11% from their August peak of $4,658 per ounce on August 25.
Zerodha Fund House launches ETF tracking Nifty Next 100 Index
Zerodha Fund House has introduced an exchange-traded fund (ETF) that tracks the Nifty Next 100 Index, expanding its passive investment offerings beyond the Nifty 50.
Will new MDR rules affect salary payments via UPI?
The Indian government's recent clarification on the applicability of Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions has left many employers and households wondering.
Sensex and Nifty close lower as IT earnings worries mount
Benchmark indices closed lower on Tuesday as declines in IT stocks overshadowed gains from falling crude oil prices, with investors cautious ahead of US-Iran diplomatic talks.
Maharashtra: Instamart unit, Amazon warehouse lose licenses in FDA crackdown
The Tukaram Mundhe-led Maharashtra Food and Drug Administration (FDA) has suspended the licenses of 10 businesses, including a Swiggy Instamart dark store in Mumbai.
Tesla faces trial over alleged racial discrimination at California factory
Tesla, the electric car company owned by Elon Musk, is facing a major trial in California.
Manappuram Jewellers signs 2-year manufacturing deal with Titan in Bengaluru
Manappuram Jewellers Ltd has partnered with Titan Company Ltd to manufacture premium gold and diamond jewellery, with the agreement set to last for two years.
Snapdeal pivots to value fashion as ₹420cr IPO approaches
Snapdeal, once a leading horizontal e-commerce marketplace in India, is gearing up for its public debut with a new strategy.
Sensex falls 329.91 points to 74,529.08, Nifty slips to 23,329
Indian equity indices ended their four-day winning streak, with the Nifty closing below 23,350 and the Sensex dropping by 330 points amid volatile trading.
Razorpay-backed POP launches POPchop on POPShop for 3 interest-free payments
POP, supported by Razorpay, is leveraging its UPI user base by introducing POPchop, a buy-now-pay-later product, to expand into consumer credit and enhance revenue streams.
Investors fund both US and Chinese AI markets despite rivalry
Investors are navigating the US-China AI rivalry by funding tech ventures in both countries, despite geopolitical tensions and restrictions on sensitive sectors.
KEONICS marks 50 years advancing Karnataka tech with AI focus
Karnataka's KEONICS marks its Golden Jubilee, emphasizing AI, digital skilling, and expanding technology infrastructure beyond Bengaluru as key priorities for future growth.
PC Jeweller clears dues to 12 banks, shares jump 6.10%
PC Jeweller shares surged over 6% intraday as the company nears debt-free status, having cleared over 98% of its outstanding bank debt.
Ram Mohan Naidu assures safety as SpiceJet receives ₹150cr ECLGS
India's aviation ministry is monitoring SpiceJet's financial health and operations closely, as the airline grapples with cash-flow issues despite receiving government support.
India could lead lab-grown diamond industry with 50 times growth
India is set to dominate the lab-grown diamond industry, with potential growth up to 50 times current levels, according to IGI Global CEO Tehmasp Printer.
NPCI clarifies UPI fees: no MDR GST
The National Payments Corporation of India (NPCI) clarified that over 96% of UPI merchant transactions remain unaffected by GST on Merchant Discount Rate (MDR).
Nielsen's streaming ratings now report audience data 2 days later
Nielsen now delivers streaming viewership data daily, reducing reporting delays by up to 80% for faster industry response.
Reserve Bank of India halves excess cash to ₹4.92L/cr
The Reserve Bank of India's bond sales and foreign exchange swaps have significantly reduced the banking system's liquidity surplus by 55%, addressing inflationary pressures.
AnyMind launches AnyCreator Stream in India for live streaming creators
AnyMind Group has introduced AnyCreator Stream, a platform designed to help Indian creators and live streamers monetise their audiences by integrating with YouTube Live.
Trump and Xi meet in Washington to save trade truce
The fragile trade truce between the U.S. and China faces challenges from disputes over rare earth minerals, artificial intelligence, and tariffs.
Nirmala Sitharaman urges firms to embrace 'imagined in India' innovation
Finance Minister Nirmala Sitharaman urged Indian businesses to increase R&D investment, emphasizing the need for innovation and quality as India aims for Viksit Bharat by 2047.
N. Chandrasekaran reappointed Tata Sons chairman despite Noel Tata objections
The conflict between Tata Sons and Tata Trusts intensified across four pivotal board meetings, highlighting governance disagreements and leadership challenges.
NSE completes $2.4 billion IPO with LIC biggest bidder
Life Insurance Corp. Ltd. emerged as the largest bidder in National Stock Exchange of India Ltd.'s initial public offering, placing bids worth about 45 billion rupees.
AMD crosses $1T market cap for first time
Advanced Micro Devices (AMD) has hit a major milestone by crossing a market capitalization of $1 trillion for the first time.
Iris Global Services files SEBI draft for ₹200cr, 5cr IPO
Iris Global Services Ltd has submitted draft papers to SEBI for an IPO, aiming to raise ₹200 crore through a fresh issue of equity shares.
Piyush Goyal says India will pick sectors to shield jobs
India's commerce ministry is identifying sectors resilient to AI disruption, with tourism highlighted as a promising area for employment growth, according to Minister Piyush Goyal.
Fitch Ratings raises Sri Lanka rating to B- citing reforms
Fitch Ratings has upgraded Sri Lanka’s long-term foreign-currency default rating to ‘B-’ from ‘CCC+’, citing macro-stabilization policies and structural reforms.
Piyush Goyal says India US trade talks progress, exports rise
India's Commerce Minister Piyush Goyal announced that trade negotiations with the United States are advancing swiftly and positively, as India aims to expand its export markets.
Goldman Sachs forecasts 65% 2026 gain for Indian AI enablers
India's AI infrastructure capital expenditure is projected to rise by 65% in 2026, driven by power, data centers, and semiconductor sectors, according to Goldman Sachs.
Goldman Sachs: 42 Indian AI enablers' 2027 earnings up 22%
Goldman Sachs reports a 22% rise in 2027 earnings estimates for Indian "AI Enablers," contrasting with a 2% cut for the broader Nifty 500.
Nasdaq closes at record 27,122 as oil and yields fall
The Nasdaq surged over 2% to a record high as easing oil prices and Treasury yields, along with optimism in AI-driven chip stocks, bolstered investor sentiment.
US Bitcoin ETFs draw nearly $1B as Bitcoin hits $85,000
Spot bitcoin ETFs attracted nearly $1 billion on Monday, marking the ninth-largest inflow ever as bitcoin's price surged to its highest since January.
Addverb moves AI robots into India's semiconductor factories and beyond
Addverb, a global robotics company, is diversifying beyond warehouse automation to meet growing demand in India's expanding semiconductor manufacturing sector.
India's first blue bond launches September 28: What is it?
India's first blue bond will be issued on September 28 by Sagarmala Finance Corporation, the country's first maritime lender.
Adani Group eyes airline as Adani Airports seeks contract changes
The Civil Aviation Minister stated that no decision has been made regarding Adani Group's proposal to enter the airline business, emphasizing a need for balanced assessment.
Glass Wall Systems shares surge 75% to ₹318 after IPO
Shares of Glass Wall Systems surged over 75% above their IPO price, reaching ₹318, driven by strong market interest despite no specific corporate developments.
Mark Zuckerberg's net worth up $25B in a day
Mark Zuckerberg saw his net worth jump by a whopping $25 billion in just one day.
Angel One founder buys Mumbai residential tower for ₹711cr
Dinesh Thakkar, the founder and CMD of Angel One, has agreed to buy an entire residential tower at Embassy Developments' ultra-luxury Embassy Terazza project in Juhu, Mumbai.
India's economy to triple in next decade, says JPMorgan CEO
JPMorgan Chase CEO Jamie Dimon has predicted that India's economy will nearly triple in size over the next decade.
Why Indian refiners may ditch Russian crude imports soon
Indian refiners are considering reducing their imports of Russian crude oil.
CarDekho Group plans ₹3,000cr IPO, renames parent Girnar Software Limited
CarDekho Group's parent entity, Girnar Software, is converting to a public company as it plans an IPO to raise Rs 3,000 crore at a valuation of Rs 13,000-15,000 crore.
NSE ₹2.26L/cr IPO subscribed 5.7 times overall retail 1.3 times
NSE's ₹2.26 lakh crore IPO experienced subdued demand from retail investors, with the retail portion subscribed only 1.3 times amid valuation concerns.
India forecast to grow 6.7% in 2026-27, WEF says
India is projected to grow at 6.7% in 2026-27, driven by resilient domestic demand, according to the World Economic Forum's Chief Economists Outlook report.
NSE IPO yields nearly ₹10,918.6cr to Catamaran and Premji Invest
The National Stock Exchange's IPO allows investors like Narayana Murthy and Azim Premji to retain stakes worth nearly Rs 30,000 crore, showcasing significant financial gains.
Demoverse raises $600,000 led by Lumikai to scale co-creation
Demoverse, an AI-powered platform, secured $600,000 in pre-seed funding led by Lumikai to enable consumers to co-create products with brands before production.
Apple stock hits record high on iPhone Duo, Siri AI
Apple's stock price closed at a new record high of $338.98 on Monday, surpassing its previous record close of $338.49.
India launching 1st blue bond September 28, 2026 raising ₹600 cr
Sagarmala Finance Corporation plans to issue India's first blue bond on September 28, aiming to raise six billion rupees for maritime sector projects.
Indian government 10-year bond yield 7.05% as RBI hike expected
Indian government bond yields remained stable as markets anticipated a potential rate hike by the Reserve Bank of India, following a rise in retail inflation to 4.82% in August.
PhonePe secures initial UAE central bank approval for RPSCS SVF
PhonePe has received in-principle approval from the Central Bank of the UAE for Retail Payment Services and Stored Value Facilities, marking its first international market entry.
Carl Pei says India can launch global electronics brand
India has the manufacturing base, talent, and market to create global consumer electronics brands, says Nothing founder Carl Pei, emphasizing the need for enhanced R&D efforts.
Hindustan Copper shares rise 3% on BSE after ₹7000cr plan
Hindustan Copper shares rose 3% after announcing a Rs 7,000 crore investment over the next 5-6 years, aiming to expand its mining portfolio and enhance mineral security.
After Meta's nearly 12% rally, Mark Zuckerberg adds $25 billion
Mark Zuckerberg's net worth surged by $25 billion in a single day as Meta Platforms shares rose nearly 12%, driven by investor confidence in the company's AI strategy.
Motilal Oswal recommends Tata Steel buy call with ₹220 target
Motilal Oswal has issued a buy rating for TATA Steel, setting a target price of Rs 220, citing strong domestic earnings and favorable market conditions.
Paramount settles US lawsuit, clearing path for $110B Warner deal
Paramount Skydance has settled a lawsuit filed by California and 11 other US states over its $110 billion acquisition of Warner Bros Discovery.
India counts household rooftop solar generation in 2022-23 GDP base
Electricity generated by rooftop solar panels is now included in India's GDP, as per the new national accounts series with 2022-23 as the base year.
Jamie Dimon warns India tax rules drive $25 billion outflows
Global investors are optimistic about India's long-term growth, but inconsistent tax application remains a significant concern, according to JPMorgan CEO Jamie Dimon.
Orient Cables opens 552cr IPO priced 258 to 272 each
Orient Cables (India) Ltd will open its ₹552-crore IPO for public subscription from September 25 to September 29, with a price band set at ₹258-272 per share.
Xbox to cut hundreds of jobs this week: Report
Xbox is preparing to lay off hundreds of employees this week, The Information reported.
Bernstein report finds AI turning ERP from storage to action
The ERP market is undergoing a major transition as AI shifts focus from data ownership to workflow execution, potentially reshaping industry leadership and business models.
India expands semiconductor ecosystem to include design, materials, advanced packaging
India is broadening its semiconductor focus beyond fabrication, aiming to build a complete ecosystem encompassing design, equipment, materials, and advanced packaging.
After AI flags JPMorgan auction, SEBI expands team to 200
SEBI leverages advanced AI tools to monitor India's financial markets, swiftly identifying suspicious trading activities and potential misconduct in real-time.
Sachin Tendulkar-backed Spinny files for ₹3,000cr IPO
Spinny, a used-car marketplace backed by cricket legend Sachin Tendulkar, has filed confidential papers with the Securities and Exchange Board of India(SEBI) for an initial public offering (IPO).
Dogecoin climbs past $0.10 as $1B liquidations lift Bitcoin
Dogecoin surged over 15% to surpass 10 cents, marking the largest gain among major tokens, while Bitcoin remained steady above $85,600 after a significant short squeeze.
US and China discuss AI, investment as Trump-Xi summit nears
Chinese and US officials have concluded their second day of trade talks in New York.
Indian 10-year yield ticks to 7.0498% amid U.S.-Iran talks
Indian bonds opened steady with the benchmark 10-year yield at 7.0498%, as markets anticipate US-Iran talks amid stable Brent crude prices.
Brent tops $101 as markets eye U.S.-Iran talks at U.N.
Brent crude futures rose to $101.35, up 1.01%, after four consecutive sessions of declines, as markets anticipated potential US-Iran talks at the UN General Assembly.
Jamie Dimon backs Chandrasekaran as Tata governance fight deepens
JPMorgan Chase & Co. CEO Jamie Dimon has expressed his support for Tata Sons Chairman Natarajan Chandrasekaran amid the ongoing governance conflict at one of India's oldest conglomerates.
Bank of America Securities sets ₹1,900 target for Ather Energy
Shares of Ather Energy rose 1% after Bank of America initiated coverage with a "buy" rating and a ₹1,900 price target, signaling a potential 20% upside.
NSE IPO allotment today: How to check status online
The National Stock Exchange of India (NSE) is set to finalize its initial public offering (IPO) allotment today.
India and Chile pursue CEPA to deepen $5.6B trade ties
India and Chile are negotiating a Comprehensive Economic Partnership Agreement to enhance trade and investment, with bilateral trade surpassing $5.6 billion in 2025.
Tata Sons reappointment of N Chandrasekaran meets Noel Tata objection
The 2021 Supreme Court judgment on Tata Sons' governance is central to the current dispute over N Chandrasekaran's reappointment as chairman.
HDFC Bank shares rise as RBI queries Anup Bagchi candidacy
HDFC Bank shares gained nearly 1% for the second consecutive session as reports indicated progress in the CEO succession process, with Anup Bagchi emerging as a leading candidate.
Bitcoin exceeds $87,000 amid spot ETF inflows and oil slide
Bitcoin surged past $87,000, reaching an eight-month high due to renewed institutional demand and positive ETF flows amid a broad risk-on move in global markets.
Spinny files IPO with SEBI to raise up to ₹3,000cr
Spinny, a used-car marketplace backed by Sachin Tendulkar, has confidentially filed for an IPO with SEBI to raise Rs 2,500-3,000 crore.
Bitcoin eases in Asia after 4-day rally, falls to $85,500
Bitcoin fell to around $85,500 in Singapore trading after a 13% rally, retreating from its US session high of $87,381 amid broader market optimism.
NSE IPO allotment expected today after 5.71x oversubscription, QIBs 12.68x
The Rs 22,569-crore NSE IPO allotment is expected today, with a grey market premium of 4%. Investors can check their allotment status online via the registrar or BSE website.
JPMorgan CEO Dimon backs Chandrasekaran amid Tata Sons crisis
JPMorgan CEO Jamie Dimon praised Tata Sons chairman Natarajan Chandrasekaran and warned that governance issues within Tata could deter foreign investment in India.
National Stock Exchange IPO oversubscribed after ₹90,000 cr bids
The National Stock Exchange's IPO attracted demand worth Rs 90,000 crore, setting a new subscription benchmark among India's five largest offerings.
Mazagon Dock to set up ₹15,000 cr greenfield Dugarajapatnam shipyard
Mazagon Dock Shipbuilders has signed a ₹15,000 crore MoU to develop a greenfield shipyard in Andhra Pradesh, aiming for completion within five to seven years.
FDA suspends Swiggy Instamart and Amazon Kandivli licenses over hygiene
The FDA suspended Swiggy's Instamart and Amazon warehouses in Mumbai due to severe hygiene violations, including infestations of rats and cockroaches.
AceVector opens Snapdeal IPO Sept 25-29 priced ₹30-32 aims 420cr
Snapdeal parent AceVector has set the price band for its IPO at ₹30-₹32 per share, with the public issue opening on September 25 and closing on September 29.
Ankushkumar Bagrecha and Mohit Todi booked for moving ₹4,427.92cr abroad
Two chartered accountants, Ankushkumar Bagrecha and Mohit Todi, have been accused of preparing fake tax certificates to facilitate ₹4,427 crore in overseas remittances.
Oil edges up as markets watch possible U.S.-Iran U.N. talks
Oil prices increased as markets stabilized, with investors closely monitoring potential US-Iran discussions at the UN General Assembly amid ongoing Middle East tensions.
Jamie Dimon: AI spending could reach $1 trillion next year
JPMorgan CEO Jamie Dimon predicts that spending on artificial intelligence could reach $1 trillion in 2024, emphasizing its importance beyond traditional ROI metrics.
Maharashtra gas stations seek exemption from proposed 0.4% UPI charge
Petrol pump owners in Maharashtra have requested the Central government to exempt fuel purchases from digital payment charges, citing fixed margins and financial strain.
Oil steadies after Saudi reroutes exports via Strait of Hormuz
Oil prices stabilized as Saudi Arabia redirected exports through the Strait of Hormuz, with Brent settling above $100 amid easing West Asian supply concerns.
Jamie Dimon says India economy could triple next decade
India's economy could potentially triple in size over the next decade, according to JPMorgan Chase CEO Jamie Dimon, who emphasized plans for continued expansion in the country.
US and China conclude New York AI trade investment talks
Chinese and US officials concluded their second day of discussions in New York, focusing on artificial intelligence, investment, and trade ahead of President Xi Jinping’s visit.
JPMorgan CEO Jamie Dimon urges US against Russian oil tariffs
JPMorgan CEO Jamie Dimon cautions the US against imposing tariffs on Russian oil, emphasizing potential negative impacts on India and global oil markets.
Runwal Enterprises to open ₹500cr IPO at ₹290-₹305 September 25, 2026
Runwal Enterprises has set the price band for its IPO at ₹290-₹305 per share, with the public issue opening for subscription on September 25.
Startups use AI to reduce headcount while growing fast
Startups are increasingly relying on AI to reduce head count, with some founders replacing employees and contractors with AI agents to maintain lean operations.
Meta's Muse AI topping Apple charts lifts South Korean chipmakers
South Korean semiconductor stocks surged as Meta's Muse AI agent topped app rankings, boosting investor sentiment and lifting the Kospi Index by 2.3%.
Gold reaches $4,360 per ounce as oil curbs Fed hikes
Gold prices rose as declining oil prices reduced the likelihood of further Federal Reserve interest-rate hikes, with bullion trading around $4,360 an ounce after recent losses.
Asian shares climb as Samsung and SK Hynix lead rally
Asian stocks rose as technology shares, led by Samsung and SK Hynix, followed Wall Street's gains driven by optimism around Meta's new AI developments.
Microsoft grants Indian clients full sovereign control over their data
Microsoft now offers Indian clients full control over their data and cloud operations, ensuring compliance with local laws and uninterrupted service delivery.
Merchants to bear 0.4% UPI MDR from October 15 2026
The proposed 0.4% MDR on UPI transactions above ₹2,000 will increase costs for retailers with higher average order values, while sparing those with smaller transactions.
Indian firms hurry IPO filings before SEBI's September deadline
Nearly two dozen companies are scrambling to launch their IPOs before regulatory approvals expire on September 30, aiming to collectively raise over ₹40,775 crore.
Noel Tata proposes splitting Tata Sons as RBI pushes listing
Noel Tata has suggested restructuring Tata Sons into multiple entities as an alternative to listing, amidst regulatory challenges and internal board disagreements.
California Civil Rights Department sues Tesla over Fremont racial discrimination
Dozens of Black employees at Tesla's Fremont plant allege racial discrimination, prompting a lawsuit by California. The trial could have significant implications for the company.
Tom Brady invests in eMed, named founding chief wellness officer
Tom Brady's $200 million investment in eMed has propelled the AI healthcare startup's valuation beyond $2 billion, marking a significant expansion in his business interests.
Almost $200B US AI data center projects stall amid opposition
Nearly $200 billion worth of data center projects faced delays or were blocked in the first half of 2026, as local communities increasingly oppose their development.
India unveils new GDP series with 2022-23 base year
India's revamped GDP calculation now integrates extensive corporate filings and GST data, enhancing the precision of private sector activity estimation and industry classification.
Government plans to end small value UPI subsidies, reinstate MDR
The government is considering ending subsidies for low-value UPI transactions as banks and payment companies start earning from MDR on larger payments.
Jamie Dimon urges predictable rules and backs RBI $132B plan
JPMorganChase CEO Jamie Dimon asserts that AI is a genuine investment opportunity, predicting it will eventually yield returns similar to the transformative impact of the Internet.
Gold down 0.6% to $4,350.39 on dollar gains, rate-hike fears
Gold prices fell to $4,350 as the U.S. dollar strengthened and traders anticipated an 88% chance of another Federal Reserve rate hike, impacting bullion's appeal.
Delhi DTC drivers threaten strike escalation over ₹2,000 daily demand
The Karamchari Ekta Union warns of intensified strikes on September 28 if demands for better wages and benefits for DTC contractual drivers remain unmet.
Samsung C&T, Kairos Power to build Google 50MW nuclear reactor
Kairos Power has partnered with Samsung C&T, receiving up to $100 million in equity and engineering services to build a 50-megawatt demonstration reactor for Google by 2030.
Nirmala Sitharaman says new UPI MDR will not affect customers
Union Finance Minister Nirmala Sitharaman confirmed that the new Merchant Discount Rate (MDR) on certain UPI transactions will not be passed on to consumers.
NSE set to launch IPO, holds roughly half unlisted volume
The National Stock Exchange's upcoming IPO is set to significantly boost India's primary market while potentially diminishing the thriving trade in unlisted shares on Dalal Street.
India's core sector growth slips to 4.8% in August
India's core sector growth has slowed down to 4.8% year-on-year in August 2026, a decline from the 5% recorded in July.
ONGC just found gas off Odisha coast
State-owned Oil and Natural Gas Corporation (ONGC) has made a significant gas discovery at its MN-DW18-1-H-D deepwater well in the Mahanadi Offshore Basin, off the Odisha coast.
Bombay HC hearing Volkswagen's $1.4B tax dispute on October 21
The Bombay High Court has ordered a fresh hearing in Volkswagen's $1.4 billion tax dispute with Indian authorities, starting October 21.
This auto-parts maker is planning $400M IPO in India
Carlyle Group is gearing up for an initial public offering (IPO) of its Indian auto-parts platform, Highway Roop Precision Technologies.
Why Tata Trusts and Tata Sons are having a clash
The ongoing conflict between Tata Trusts and Tata Sons over N Chandrasekaran's reappointment as chairman has escalated into a legal battle.
RBI eases KYC rules for FPIs: How it affects you
The Reserve Bank of India (RBI) has simplified the know your customer (KYC) process for foreign portfolio investors (FPIs) at rural and urban co-operative banks.
Nothing makes CMF an Indian company, targets 100M phones
Nothing, the consumer electronics brand founded by Carl Pei, is spinning off its CMF sub-brand into a separate entity in India.
Starbucks to set up 1st corporate tech hub outside US
Starbucks Corporation, a global coffee retail giant, is all set to establish a Global Capability Center (GCC) in Tamil Nadu.
India's crude oil import bill jumps 48% to nearly $75B
India's crude oil import bill has witnessed a massive 48% jump, hitting $74.8 billion during the April-August period.
Nifty could climb to 27,000 by January, says JPMorgan
JPMorgan's Rajiv Batra has predicted that the Nifty index could reach around 27,000 by the end of January.
NSE IPO GMP drops to 3% on final subscription day
The National Stock Exchange (NSE) of India is gearing up to debut on the stock market with its ₹22,561.57 crore initial public offering (IPO).
Misusing SIM cards? You can be jailed for 3 years
The Department of Telecommunications (DoT) has issued a stern warning to mobile users about the potential legal consequences of SIM card misuse.
This gas distribution company wants to raise ₹3,100cr via IPO
GAIL Gas Limited has started the process of appointing investment banks for an initial public offering (IPO) that could raise up to ₹3,100 crore, as per Mint.
India-New Zealand FTA to come into effect on October 20
The India-New Zealand Free Trade Agreement (FTA) will come into effect on October 20, after both countries completed the necessary domestic procedures to ratify it.
Xi Jinping US visit: Rare-earth magnets could be in focus
Chinese President Xi Jinping is set to embark on a three-day official visit to the US, his first in over a decade.
Sensex jumps over 500 points: What's behind today's rally?
India's benchmark equity indices, the Sensex and Nifty, opened on a positive note today.
China slows humanoid robot IPO rush amid valuation concerns
China's regulatory authorities are slowing down the rush of humanoid-robot companies looking to go public, according to Reuters.
Volvo names Klaus Zellmer as new chief
Volvo Car AB has announced the appointment of Klaus Zellmer as its new president and chief executive officer.
Oracle layoffs: Severance terms emerge as India cuts affect 3,000
Oracle has announced another round of layoffs as part of its global workforce reduction strategy.
Apple's first layoffs under John Ternus hit Fitness+ team
Apple has initiated a fresh round of job cuts targeting its Fitness+ division, marking the first known layoffs under newly appointed CEO John Ternus.
Indian oil firms losing ₹20 on diesel per liter
India's petrol price benchmark has hit a 50-month high of $133.05 per barrel this month, according to industry officials and official data.
Microsoft CEO to attend White House dinner for Xi Jinping
Microsoft CEO Satya Nadella will attend a White House state dinner for Chinese President Xi Jinping this week, according to Bloomberg.
Gold falls as inflation worries fuel rate hike fears
Gold prices witnessed a dip in early Asian trading on Monday. The decline comes amid rising tensions in the Middle East and persistent inflation concerns, which have heightened expectations of interest rate hikes.
US diesel prices hit record high, crossing $6.5 per gallon
The United States is witnessing a major spike in diesel prices, with the average nationwide rate hitting $6.505 per gallon on Saturday, according to the American Automobile Association.
SoftBank launches $11B bond sale to fund OpenAI investment
SoftBank Group has launched over $10 billion worth of bonds to fund its investment in OpenAI.
UPI MDR proposal: 5% of collections to help small merchants
The National Payments Corporation of India (NPCI) has proposed a dedicated fund, financed from Merchant Discount Rate (MDR) collections, to support small merchants and expand digital payment infrastructure in smaller cities.
Delaware ruling could shed new light on Fox's corporate history
A Delaware judge has ordered Fox Corporation to hand over documents sought by shareholders in a lawsuit examining how Rupert Murdoch and other directors handled major scandals at the company and its predecessor businesses, NPR reported on the order.
'Invalid': Tata Trusts rejects board's reappointment of N Chandrasekaran
Tata Trusts has challenged the reappointment of N Chandrasekaran as the Chairman of Tata Sons.
Why Saudi Arabia quit cross-border payments platform led by China
Saudi Arabia has withdrawn from mBridge, a China-led cross-border payments platform.
Why India's hiring is shifting to tier 2, 3 cities
India's hiring landscape is witnessing a major shift, with small cities emerging as key talent hubs.
Surveillance tech firm Flock offers 'generous' buyouts to reduce workforce
Flock Safety, a controversial surveillance technology firm, has announced a "generous" severance package for employees willing to leave voluntarily.
Global semiconductor firms ramp up India presence amid Semicon 2.0
The Semicon India 2026 event has drawn major global semiconductor companies, including ASML, Applied Materials, and Lam Research.
SBI issues advisory ahead of nationwide bank strike
The State Bank of India (SBI) has issued a customer advisory ahead of the nationwide bank strike proposed by the United Forum of Bank Unions (UFBU) from September 28 to 30.
Why Indian Oil's new independent director has quit
Alka Mundra has resigned as an independent director of the Indian Oil Corporation (IOC) just five weeks after her appointment.
India's exports to core BRICS nations soar by 34%
India's exports to core BRICS countries, China, South Africa, Brazil, and Russia, have witnessed a massive 34% jump in the first five months of FY2026-27.
Meet Ravi Reddi, JPMorgan's new India head of M&A
JPMorgan, a leading investment bank, has appointed Ravi Reddi as the new head of Mergers and Acquisitions (M&A) for India.
Why Tata Trusts has hired top lawyer Abhishek Manu Singhvi
Tata Trusts has roped in senior advocate Abhishek Manu Singhvi to represent them legally, as the feud with Tata Sons intensifies.
These 6 IPOs will hit Dalal Street next week
Six mainboard companies are gearing up for initial public offerings (IPOs) next week.
FMCG goods unlikely to become costlier this festive season
Despite rising commodity prices, including sugar, and geopolitical disruptions, Fast-Moving Consumer Goods (FMCG) firms are likely to maintain their prices through the festive season.
Why NCLAT is concerned over Supertech's stalled housing projects
The National Company Law Appellate Tribunal (NCLAT) has expressed concern over the delay in construction work at Supertech Ltd's stalled housing projects in India.