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Business News

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04 Jul 2026
TL;DR

Evri sues BBC for £1.2m over 'Panorama' underpayment claims

Evri is suing the BBC for £1.2m, claiming a Panorama programme aired defamatory allegations about exploitative practices and misleading statements on courier wages.

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).

04 Jul 2026
TL;DR

India and Israel formalize investment pact as BIA takes effect

The India-Israel Bilateral Investment Agreement, effective July 4, aims to enhance cross-border investments and strengthen economic ties with robust investor protections.

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.

04 Jul 2026
Donald Trump

Will Musk donate SpaceX shares to 'Trump Accounts?'

President Donald Trump has expressed optimism that tech mogul Elon Musk will contribute SpaceX shares to the "Trump Accounts" initiative.

04 Jul 2026
TL;DR

India will waive customs duty IGST on imported event animals

India will exempt customs duty and IGST on animals imported for events under the India-UK CETA from July 15, subject to re-export and specific conditions.

04 Jul 2026
Reserve Bank Of India (RBI)

India's forex reserves have fallen to $666.93B

India's foreign exchange (forex) reserves have witnessed a significant drop of $5.654 billion.

04 Jul 2026
India

Manappuram Finance CEO resigns, to continue till December

Deepak Reddy, the Chief Executive Officer (CEO) of Manappuram Finance Ltd, has resigned from his position.

SBI Funds to raise $1.2B via IPO at $12.1B valuation

SBI Funds Management, India's largest asset manager, is gearing up to launch its initial public offering (IPO) in the week starting July 13.

04 Jul 2026
Yes Bank

YES Bank's loans, advances jump over 18% in Q1 FY27

Private sector lender YES Bank has reported an impressive growth in its loans and advances for the first quarter of FY27.

04 Jul 2026
HDFC Bank

HDFC Bank's Q1 update: Loan, deposits see 15% YoY growth

HDFC Bank has posted impressive financial results for the first quarter of FY27.

04 Jul 2026
TL;DR

Smartail, Nexus Innovation Hub bring automated grading to Andhra classrooms

Smartail and Nexus Innovation Hub collaborate to advance AI-driven educational solutions, positioning Andhra Pradesh as a global hub for edtech innovation.

04 Jul 2026
TL;DR

SBI Funds to launch ₹11,400cr IPO with ₹2,000cr pre-IPO placement

SBI Funds Management plans to raise up to ₹2,000 crore through a pre-IPO placement ahead of its ₹11,400 crore IPO in July, marking India's largest IPO of 2026.

04 Jul 2026
TL;DR

Bain & Company: Indian VCs prioritize profitable startups in 2026

India's venture capital landscape in 2026 prioritizes sustainable profitability and clear exits, with AI, quick commerce infrastructure, and domestic growth driving investments.

04 Jul 2026
TL;DR

HDFC Bank Q1 FY2027: Loans 30.61L/cr, deposits 31.7L/cr, CASA 10.25L/cr

HDFC Bank's gross advances rose 15.4% YoY to ₹30.61 lakh crore, while deposits surged 147% to ₹31.7 lakh crore in the first quarter of FY27.

04 Jul 2026
TL;DR

Sensex and Nifty close higher for 4th straight week

Indian markets gained for the fourth straight session, driven by softer crude prices and FII buying, while the rupee weakened by 82 paise amid global trade concerns.

04 Jul 2026
TL;DR

EPFO shifts UAN activation/allotment to UMANG app, Aadhaar face authentication

EPFO has ceased UAN activation and generation on its portal, shifting these services to the UMANG app with mandatory Aadhaar-based Face Authentication for subscribers.

04 Jul 2026
TL;DR

Pune's CareNX Innovations builds AI fetal monitor aiding nonspecialist doctors

CareNX Innovations leverages AI-powered fetal monitoring to bridge maternal healthcare gaps, enabling non-specialist doctors to deliver timely, reliable pregnancy care.

04 Jul 2026
TL;DR

Capgemini temporarily closes Bengaluru day care after abuse videos

Capgemini has temporarily closed its Bengaluru daycare following viral videos of alleged toddler abuse, prompting the IT firm to reassess daycare facilities across India.

04 Jul 2026
TL;DR

NVIDIA launches revenue sharing model to help startups and researchers

Nvidia introduces a revenue-sharing model, connecting AI startups with cloud providers to simplify access to advanced computing resources and accelerate AI development.

04 Jul 2026
TL;DR

Indian retailers adopt AI to understand shoppers, cut lost sales

Indian retailers are leveraging AI tools like computer vision and predictive analytics to understand in-store customer behavior, aiming to reduce walkaways and optimize operations.

04 Jul 2026
TL;DR

NRIs open more Indian stock accounts despite cooling investments

NRI investments in Indian stock markets are slowing, with stringent KYC regulations emerging as a key barrier despite rising account openings and growing remittance potential.

04 Jul 2026
TL;DR

India AI growth lifts pay for cooling and power engineers

India's AI-driven data-centre expansion is boosting demand for mechanical, electrical, and cooling engineers, offering salaries up to Rs 1.8 crore annually.

04 Jul 2026
TL;DR

Narendra Modi to unveil India's UDAN phase 2 with ₹28,840cr

Nearly half of the routes launched under India's UDAN scheme since 2017 have discontinued operations, highlighting hurdles in sustaining regional air connectivity initiatives.

04 Jul 2026
TL;DR

Exxon, Chevron profits triple while gas remains 22% above pre-war

US oil giants, including Exxon Mobil and Chevron, are set to report their strongest quarterly profits in years, driven by tight fuel markets despite falling crude oil prices.

04 Jul 2026
TL;DR

Delhi High Court bars Finecure Pantopacid, allows 4 months' sale

Delhi High Court restrained Finecure Pharmaceuticals from manufacturing drugs similar to Sun Pharma's 'Pantocid,' allowing limited time to sell existing 'Pantopacid' stock.

04 Jul 2026
TL;DR

Ajanta Pharma promoters raise ₹1,800cr to acquire Restaurant Brands Asia

Inspira Global, backed by Ajanta Pharma promoters, is raising ₹1,800 crore in private credit to acquire a controlling stake in Restaurant Brands Asia, Burger King's India operator.

04 Jul 2026
TL;DR

Amazon Prime Day India July 4 to 6 offers deals

Amazon Prime Day 2026 is live in India from July 4-6, offering massive discounts on smartphones, electronics, and more, with additional benefits for Axis and SBI cardholders.

03 Jul 2026
Sri Lanka

Why Sri Lanka is now upper-middle-income economy but India isn't

The World Bank has upgraded Sri Lanka, Vietnam, and the Philippines to upper-middle-income status in its latest country income classification. The move recognizes their economic progress after years of growth and recovery.

03 Jul 2026
Bajaj Finance

Smartphone financing to account for 42% of sales in India

Smartphone financing is set to dominate in India, accounting for 42% of all sales this year.

03 Jul 2026
Indian Government

Centre plans ₹20,000cr EV incentive scheme for private buses

The Indian government is planning a new incentive scheme to promote the adoption of electric busses (e-busses) by private operators.

EPFO to settle eligible PF withdrawal claims within 3 days

The Employees' Provident Fund Organisation (EPFO) has introduced a new system to settle eligible provident fund (PF) withdrawal claims within three days.

03 Jul 2026
Boeing

Boeing's air taxi firm sued over discrimination, safety concerns

Wisk Aero, the electric air taxi company owned by Boeing, has been sued by a former employee.

03 Jul 2026
Europe

IRDAI weighs commission overhaul to curb insurance mis-selling

The Insurance Regulatory and Development Authority of India (IRDAI) is mulling a major overhaul in the way distributors are compensated.

03 Jul 2026
Inflation

Could Fed's rate hike spoil Dalal Street's rally?

The recent softer-than-expected jobs data in the US has led to fluctuating expectations for interest rate hikes this year.

03 Jul 2026
Nirmala Sitharaman

French firms invited to invest in India's AI, clean-energy sectors

Union Finance Minister Nirmala Sitharaman has invited French businesses and investors to explore the vast opportunities India offers in artificial intelligence (AI), clean energy, healthcare, digital infrastructure, and financial services.

03 Jul 2026
United States of America

US remains India's largest LPG supplier in June

The United States has retained its position as the top supplier of liquefied petroleum gas (LPG) to India for the month of June.

03 Jul 2026
HCL

HCL Tech shares soar 6% after $1B AI deal

HCL Technologies has witnessed a major spike in its share price, rising as much as 6% to an intraday high of ₹1,139 on the BSE today.

03 Jul 2026
Air India Express

Air India Express restores all West Asia flights

Air India Express has announced the resumption of its West Asia flight services, including routes to Salalah in Oman and Kuwait.

EPFO portal is back but passbook remains unavailable

The Employees' Provident Fund Organisation (EPFO) has restored most of its online member services after a planned system migration and database consolidation exercise.

03 Jul 2026
Indian Economy

India's services growth hits 17-month low in June

India's services sector, a major contributor to the country's economy, witnessed its slowest growth in 17 months during June.

03 Jul 2026
Apple

Prosser denies Apple trade secret theft, blames Ramacciotti in response

Popular YouTuber Jon Prosser has responded to Apple's lawsuit against him and his acquaintance, Michael Ramacciotti, after receiving a second chance to formally respond.

03 Jul 2026
Inflation

Gold, silver jump 3%. Here's what's driving the rally

Gold and silver prices have witnessed a spike of up to 3% in international markets on Friday.

03 Jul 2026
Infosys

Sensex surges 650 points: What's behind today's rally?

The Indian stock market witnessed another rally today, with the Sensex and Nifty rising by over 0.8% each.

03 Jul 2026
Android

Google loses final appeal against EU's $4.7B antitrust fine

Google has lost a major legal battle against a €4.1 billion ($4.7 billion) European Union antitrust fine.

03 Jul 2026
Hardeep Singh Puri

When can customers expect petrol/diesel price reduction? Hardeep Puri answers

Union Petroleum Minister Hardeep Singh Puri has said that consumers shouldn't expect an immediate reduction in petrol and diesel prices even as global crude oil prices have fallen to around $70 a barrel.

03 Jul 2026
France

Oil firms lost ₹74,781cr amid Middle East conflict: Hardeep Puri

State-owned oil marketing companies (OMCs) suffered losses of almost ₹74,781 crore between April and June due to rising global crude oil prices amid the Middle East conflict.

Parle-G, Melody maker plans $1B IPO at over $10B valuation

Parle Products, the company behind iconic Indian brands like Parle-G, KrackJack, Monaco, Mango Bite, and Melody is planning a major initial public offering (IPO) next year.

02 Jul 2026
SpiceJet

Why SpiceJet has cut 44% of its flights

SpiceJet has announced a major reduction in its flight schedule for July, cutting down the number of flights by a whopping 44% as compared to April.

02 Jul 2026
Inflation

Japan's yen hits 40-year low. Here's why it matters

The Japanese yen has hit a 40-year low, falling to its weakest level against the US dollar in 40 years.

02 Jul 2026
FIFA World Cup

Why Domino's is giving away $1M worth of free pizzas

US striker Folarin Balogun's red card during the FIFA World Cup match against Bosnia and Herzegovina has activated a $1 million pizza giveaway by Domino's.

02 Jul 2026
X

EPFO online services to remain unavailable until July 3

The Employees' Provident Fund Organization (EPFO) has announced yet another extension of the outage for its online services.

02 Jul 2026
Amazon

Flipkart names new Senior VP for supply chain technology

Flipkart has appointed Vinay Vaidya as its new Senior Vice President of Technology for the supply chain.

02 Jul 2026
LinkedIn

Employee resigns after being asked to attend his wedding virtually

An employee has resigned from his job after his boss asked him to attend his own wedding via Google Meet.

02 Jul 2026
Sam Altman

AWS CEO slams replacing entry-level tech jobs with AI

Amazon Web Services (AWS) CEO Matt Garman has strongly opposed the idea of using artificial intelligence (AI) to replace entry-level technology jobs.

02 Jul 2026
Ola

Ratan Tata's confidant Mehli Mistry resigns from family office

Mehli Mistry, a long-time associate of the Tata Group and confidant of the late Ratan Tata, has resigned from his position on the board of RNT Associates, the family office that managed Ratan Tata's personal investments.

02 Jul 2026
Coca-Cola

Coca-Cola plans $1B IPO of Indian bottling arm

Coca-Cola is planning to raise around $1 billion (approximately ₹9,500 crore) through an initial public offering (IPO) of its Indian bottling arm, Hindustan Coca-Cola Beverages, according to Bloomberg.

02 Jul 2026
Japan

Japan to finance India's power grid under new initiative

Japan has agreed to finance India's power grid with up to $492 million. The funding comes under the first project of its new POWERR Asia initiative, according to Nikkei Asia.

02 Jul 2026
Japan

Zoho chief heads to Japan for new cross-border rural mission

Sridhar Vembu, the founder of Zoho, has announced a new mission to connect rural Indian and Japanese businesses.

02 Jul 2026
Samsung

Samsung announces $90B investment for chips, batteries and displays

Samsung has announced a massive investment of 140 trillion won ($90 billion) in South Korea's central Chungcheong province.

Carlsberg moves to list Indian arm, eyes $700M IPO

Danish brewing giant Carlsberg A/S has confidentially filed draft papers for an Initial Public Offering (IPO) of its Indian subsidiary, according to Bloomberg.

02 Jul 2026
Goldman Sachs

SoftBank pursues $10B loan against OpenAI stake

SoftBank Group has resumed negotiations with a group of lenders for a $10 billion loan, secured by its stake in OpenAI, according to Reuters.

02 Jul 2026
Facebook

ShareChat eyes $400M IPO next year

Mohalla Tech Pvt., which operates Indian social network ShareChat, short-video platform Moj, and subscription-based micro-drama app QuickTV, is gearing up for a potential initial public offering (IPO) next year.

02 Jul 2026
Federal Reserve

Gold rises on weak US jobs data, lower oil prices

Gold prices increased on Thursday, hitting a one-week high. The rise was mainly due to weaker-than-expected US jobs data and falling oil prices.

02 Jul 2026
OpenAI

OpenAI offers 5% stake to Trump administration: Report

OpenAI has reportedly offered a 5% stake to the US government. The proposal was made during talks about restructuring its corporate governance and getting support from the US administration.

01 Jul 2026
Adani Group

Adani Energy Solutions wants to raise ₹10,000cr via QIP

Adani Energy Solutions Ltd (AESL) has announced its plan to raise up to ₹10,000 crore from institutional investors.

01 Jul 2026
Google

Google ordered to pay $2B in Swedish antitrust case

Google has been ordered to pay nearly $2 billion by a Swedish court.

01 Jul 2026
OpenAI

SoftBank has invested another $10B in OpenAI

SoftBank has invested another $10 billion in OpenAI, as part of a larger $30 billion commitment.

01 Jul 2026
Virat Kohli

Virat Kohli-backed Agilitas plans to buy this Yuvraj Singh-supported company

Agilitas, a sports goods manufacturing start-up backed by cricket superstar Virat Kohli, is in advanced talks to acquire Sports365.

01 Jul 2026
Infosys

Indian IT stocks down 50% from peak: Time to buy?

India's top IT companies, including Tata Consultancy Services (TCS) and Infosys, have seen their market capitalization drop by over 50% from their peak.

01 Jul 2026
OpenAI

Abu Dhabi-based MGX secures $49B for AI fund

Abu Dhabi-based MGX has raised a whopping $49 billion for one of the largest-ever funds dedicated to artificial intelligence (AI) investments.

01 Jul 2026
Reliance Group

Reliance Power shares up by 10% today: What's the reason?

Reliance Power's share price skyrocketed by over 10% to ₹27.45 apiece on the Bombay Stock Exchange (BSE) today.

01 Jul 2026
China

Overseas investments to become more difficult for Chinese companies

China has introduced stricter regulations for overseas investments, effective from today.

01 Jul 2026
Indian Government

Modi government might make recycling of solar modules mandatory

The Indian government is working on a national policy for solar module recycling, as per Mint.

01 Jul 2026
Finance

Aluminum prices hit 4-month low: Here we decode why

Aluminum prices have plummeted to their lowest since mid-February, largely due to a strengthening US dollar.

How NPCI plans to simplify your UPI payments abroad

The National Payments Corporation of India (NPCI) has partnered with HSBC India and J.P. Morgan Payments to make international Unified Payments Interface (UPI) transactions more efficient.

01 Jul 2026
Bajaj Auto

Sensex gains over 500 points: What's behind today's rally?

India's equity benchmarks, the Sensex and Nifty, are witnessing a strong rally today. The Sensex has gained over 500 points while the Nifty is trading above the 24,000 mark.

01 Jul 2026
Physics Wallah

Why PhysicsWallah is offering new faculty ₹15L as reward

Leading edtech company PhysicsWallah is offering its newly hired faculty monetary rewards of up to ₹15 lakh, as per Moneycontrol.

01 Jul 2026
GST

GST collections in June jump 13.9% YoY to ₹1.95L crore

India's Goods and Services Tax (GST) collections witnessed a significant jump of 13.9% year-on-year in June, reaching ₹1.95 lakh crore.

01 Jul 2026
Swiggy

Meet Gautam Swaroop, new chief business officer of Swiggy Instamart

Swiggy's Instamart, a leading quick commerce platform in India, has appointed Gautam Swaroop as its new Chief Business Officer (CBO).

You can use EPFO's online services from tomorrow

The Employees' Provident Fund Organisation (EPFO) has announced an extension of the suspension period for its online member and employer services.

01 Jul 2026
Reserve Bank Of India (RBI)

Foreign buying of Indian bonds hits record after tax relief

India's bond market has witnessed a record surge in foreign investment, with funds pouring in $4.4 billion (about ₹41,800 crore) last month.

01 Jul 2026
Indian Economy

India's factory growth slows in June

India's manufacturing sector has witnessed its second-slowest growth in four years, according to a recent survey.

01 Jul 2026
Bitcoin

Bitcoin sinks to 21-month low

Bitcoin, the world's largest cryptocurrency, has hit a new 21-month low.

Knack Packaging IPO opens with 15% GMP: Should you bid?

Knack Packaging, a leading manufacturer of integrated packaging solutions, has opened its initial public offering (IPO) for subscription today.

01 Jul 2026
EPFO

EPFO extends service suspension till July 2

The Employees's Provident Fund Organisation (EPFO) has announced an extension of the suspension period for its online member and employer services.

01 Jul 2026
IndiGo

No check-in bag? IndiGo has a cheaper fare for you

IndiGo, India's leading low-cost airline, has launched a new fare category called "IndiGo Lite."

01 Jul 2026
Cryptocurrency

Trump earned $1.4B from crypto in 2025

President Donald Trump has reported a whopping $1.4 billion in earnings from cryptocurrency and memecoin-related businesses in 2025.

01 Jul 2026
Petrol Diesel Prices

Nayara Energy slashes petrol, diesel prices by up to ₹5

Nayara Energy, India's largest private fuel retailer, has announced a nationwide reduction in petrol and diesel prices.

01 Jul 2026
LPG Cylinder

Commercial LPG prices slashed by ₹183.5

In a major relief for restaurants and commercial establishments, the government has slashed the price of a 19kg commercial LPG cylinder by ₹183.5 from today.