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Apollo lodges £5.7 billion all-cash bid for easyJet, topping Castlelake
US private equity firm Apollo has entered a bidding war for easyJet, proposing a £5.7bn all-cash offer that surpasses Castlelake’s earlier £5.5bn bid.
Ageas Federal Life Insurance launches IndiGenius Fund at ₹10
Ageas Federal Life Insurance introduces the IndiGenius Fund, a thematic equity-focused ULIP fund investing across large-cap, mid-cap, and small-cap stocks.
Delhi High Court refuses Google interim relief in Hindware dispute
The Delhi High Court declined interim protection to Google India in its appeal against a ruling holding it liable for trademark infringement over its Ads platform.
PhonePe and JioFinance roll out TaxBuddy tax filing from ₹24
PhonePe and JioFinance have launched in-app income tax return (ITR) filing services starting at ₹24, offering both DIY and expert-assisted options for varied taxpayer needs.
Indian markets rally over 1% as Sensex gains 650.78 points
Sensex and Nifty pared early gains on July 10 as profit booking emerged at higher levels, with TCS shares easing and technical resistance capping further market upmove.
Vedanta shares rise on Thursday after June quarter production updates
Vedanta's demerged entities show mixed performance post-listing, with Vedanta Power leading operational growth, while Vedanta Oil & Gas faces production declines in Q1FY27.
Akasa Air pauses Noida-Navi Mumbai flights, restart planned October 1
Akasa Air suspended its Noida–Navi Mumbai route within two weeks of launch, citing network optimisation amid concerns over poor connectivity and high airport charges.
Delhi High Court dismisses Zostel Hospitality petition against PRISM again
The Delhi High Court dismissed Zostel's latest petition against Oyo parent PRISM on July 8, marking the ninth unsuccessful judicial attempt in their prolonged legal dispute.
India secures $890 million World Bank loan for 10 million solar homes
The World Bank has approved a $890 million package to support India’s rooftop solar programme, aiming to install systems in 10 million households and boost domestic manufacturing.
TCS optimistic for 2026-27 growth driven by banking and AI
Tata Consultancy Services anticipates stronger growth in FY27, driven by robust banking demand, expanding AI revenue, and a healthy deal pipeline.
Moshe Katri: AI moving to real-world use in Indian IT
Indian IT firms may see AI-led growth within 6-12 months as enterprise projects scale, says Wedbush's Moshe Katri, highlighting rising demand and promising sector trends.
Aukera raises 90cr in funding led by Alteria Capital
Aukera, an Indian lab-grown diamond jewellery brand, secured ₹90 crore in a funding round led by Alteria Capital, with plans to expand its retail presence and innovation efforts.
Sensex jumps nearly 695 points as TCS earnings drive rally
Sensex soared nearly 700 points and Nifty gained 195 points in early trade, driven by IT stock gains after TCS's strong earnings and positive global market trends.
Bitcoin tops $64,000 after Trump Iran assurances and rising yields
Bitcoin climbed to $64,029, gaining 0.33% in 24 hours and 2.95% over the week, as easing oil prices and Trump's remarks on Iran boosted market sentiment.
SBI Mutual Fund deploys AI across services ahead of IPO
SBI Funds Management leverages AI across investor services, compliance, and operations to enhance productivity while prioritizing data governance, security, and privacy.
AMFI upgrades Vedanta Aluminium to large-cap among India's top 100
Vedanta Aluminium, India's largest primary aluminium producer, has been classified as a large-cap firm by AMFI, just weeks after its independent listing on June 15, 2026.
India June retail inflation at 4.2% nudges past RBI comfort
India's retail inflation in June 2026 likely exceeded the RBI's 4% target, driven by rising fuel prices and food costs, according to a _Mint_ poll of economists.
Mirae Asset launches hybrid schemes including India's 1st hybrid ETF
Mirae Asset Mutual Fund introduces India's first hybrid ETF and smart beta-based hybrid index fund, offering unique equity-debt allocations with a passive investment strategy.
Tencent in talks to become Manus's largest shareholder via buyback
Tencent is reportedly negotiating to become the largest shareholder of AI startup Manus, following Beijing's directive for Meta to unwind its $2 billion acquisition.
Laser Power & Infra targets ₹4,000cr revenue within 3 years
Laser Power aims to achieve ₹4,000 crore annual revenue within three years, leveraging unused capacity and minimal capital expenditure while reducing debt through IPO proceeds.
SK Hynix prices US depository receipts at $149, raises $26.5B
SK Hynix’s $26.5-billion US listing generated nearly $260 million in fees, with Citigroup earning over $70 million, outpacing fees earned during SpaceX's record-breaking IPO.
OpenAI's AGI deployment chief steps down, citing health issues
Fidji Simo, the No. 2 executive at OpenAI, is stepping down from her full-time role and transition to a part-time advisory position instead.
TCS June-quarter profit up 4.61% at ₹13,349 cr, stocks rally
Indian IT stocks surged up to 3.7% on July 10, driven by TCS’ strong Q1 earnings and optimistic management commentary signaling improving demand and AI-led growth opportunities.
After record rupee defence, RBI faces $100B challenge
The Reserve Bank of India (RBI) is facing a major challenge in unwinding its massive short dollar position without destabilizing the currency market.
HFCL shares rise 2% after ₹495.8cr overseas optical fiber contract
HFCL shares surged 2% after securing a ₹496 crore export order for optical fibre cable solutions, highlighting global confidence in its manufacturing and technology expertise.
TCS shares climb over 3% to ₹2,120.30 topping Nifty 50
TCS shares surged over 3% after Q1 results highlighted $9.5 billion in deal wins and $2.6 billion in annualised AI revenue, with brokerages optimistic about Q2 demand recovery.
Rupee opens at 95.26 as oil eases, U.S.-Iran tensions linger
The Indian rupee opened 13 paise higher at 95.26 against the US dollar, supported by softer crude oil prices and a weaker dollar amidst geopolitical tensions.
IIT Kharagpur dormmates Vummadi and Dinne raise $61 million for Giga
An IIT Kharagpur alumnus left his PhD dream at 22 to co-found Giga, an AI startup with a college friend. Their venture now serves major clients and raised $61 million.
IC Electricals IPO oversubscribed 420 times ahead of ₹143 debut
IC Electricals' IPO debuts on the NSE SME platform today, commanding a Grey Market Premium of Rs 44, signaling an estimated 44% listing gain over its upper price band.
Gold, silver slide amid West Asia tensions, US rate uncertainty
Gold and silver prices faced sharp fluctuations this week due to geopolitical tensions, rising crude oil prices, and uncertainty over US Federal Reserve policies.
Asian stocks climb as SK Hynix IPO and chips rally
Asian stocks climbed on Friday, driven by chip and AI firms, as investors overlooked escalating US-Iran tensions and focused on the tech-led market rally.
InstaHelp, Snabbit and Pronto burn $16-17 million as orders rise 20%
Instant househelp startups saw a 14% MoM cash burn rise in June, hitting $16-17 million. Meanwhile, TCS reported steady Q1 growth with a 5% YoY profit increase.
Madhu Gurumurthy leaves Google for Meta to build AI products
Madhu Gurumurthy, Google's former AI product head, has joined Meta to build AI products, emphasizing the transformative potential of AI agents in complex systems.
SBI sells 1.42% in SBI Funds Management ahead of IPO
State Bank of India will sell a 1.42% stake in SBI Funds Management for ₹16.55 billion, setting an early valuation benchmark ahead of its ₹1.22 trillion IPO opening July 14.
SBI Funds Management nets ₹1,655cr from 30 pre IPO investors
SBI Funds Management raised ₹1,655 crore from 30 investors ahead of its ₹11,692.91-crore IPO, selling 2.88 crore shares at ₹574 each in a pre-IPO placement.
RBI's $106.7bn short dollar position as rupee approaches 9th loss
India's central bank confronts the daunting task of unwinding a record $106.7 billion short dollar position, risking renewed rupee volatility amid external pressures.
Oil steadies, Brent near $76 as U.S.-Iran talks continue
Oil prices stabilized after a volatile week as US-Iran technical talks continued, despite heightened tensions and disrupted shipping traffic through the critical Strait of Hormuz.
Bloomberg launches terminal platform to trade Indian government bonds globally
Bloomberg has launched an electronic trading system, enabling global investors to seamlessly buy and sell Indian government bonds via its widely-used Bloomberg Terminal.
Airbus workers strike across Spain from Getafe over pay
Airbus employees across Spain initiated a month-long strike over pay and conditions, threatening production schedules amid ongoing supply-chain challenges.
Philips makes over 85% of AI healthcare solutions in India
India now drives over 85% of Philips' AI healthcare solutions, with its Bengaluru campus becoming the company's largest global innovation hub for advanced medical technologies.
Indian government expands IndiaAI mission widening affordable AI chip access
The Indian government plans to extend subsidized access to AI chips from startups to public institutions, aiming to boost indigenous AI development and applications.
Rupee 95.39 vs USD on bank sales and oil dip
The Indian rupee appreciated by 16 paise on Thursday, supported by dollar sales from state-run banks and easing crude oil prices.
Fidji Simo leaves OpenAI full-time role to become part-time adviser
Fidji Simo, OpenAI’s No. 2 executive, is transitioning to a part-time advisory role due to prolonged medical leave, leaving a key leadership gap as the company eyes an IPO.
PwC India: AI savings offset by platform costs and compliance
India Inc anticipated cost savings from AI adoption in consulting, but firms cite investments in technology and senior expertise as reasons for maintaining high billing rates.
Waterways Leisure considers stock split, board to meet July 10
Waterways Leisure Tourism Ltd. will deliberate a stock split today, just eight days after its market debut, following a steady recovery in share price above its IPO listing value.
Kevin Warsh launches 5 Fed task forces to modernize operations
Federal Reserve Chair Kevin Warsh has appointed prominent figures, including Marc Andreessen and former Walmart CEO Doug McMillon, to lead five specialized task forces.
Lyzr of Jersey City raises $100 million Series B via SivaClaw
Lyzr, a Jersey City-based AI startup, used its own AI agent, SivaClaw, to secure a $100 million Series B round, showcasing the product's efficiency and market appeal.
Microsoft lays off 4,800 and faces backlash over H-1B approvals
Microsoft announced 4,800 job cuts, including 1,600 in Xbox, while receiving approval to hire 2,273 foreign workers under the H-1B visa program, sparking widespread criticism.
Centre urges states and UTs to back ₹10,000cr FoF 2.0
The commerce ministry has urged states to co-invest under the ₹10,000-crore Startup India Fund of Funds 2.0, aiming to unify public capital and boost emerging startup hubs.
Elon Musk hails Anthropic as AI leader, awaits Mythos 2
Elon Musk commended Anthropic's Mythos/Fable models as industry-leading and assured he wouldn’t disrupt their SpaceX-hosted infrastructure despite competitive dynamics.
Goldman Sachs bans employees from financial and political prediction markets
Goldman Sachs has prohibited employees from trading prediction-market contracts tied to finance and politics, citing potential conflicts of interest, Bloomberg News reported.
Indian industry urges US to drop proposed forced labor tariffs
Indian industry bodies have appealed to the USTR to reconsider proposed tariffs on Indian goods, citing lack of evidence for forced labour links and potential trade disruptions.
Gradium raises $100 million seed with NVIDIA, plans Bay Area expansion
Paris-based AI voice startup Gradium has raised $100 million in its reopened seed round, backed by Nvidia, to expand operations and strengthen its presence in the Bay Area.
Samsung India overhauls TV and appliance distribution to simplify sales
Samsung is restructuring its Indian operations to enhance profitability by eliminating overlapping functions in TV and home appliances sales divisions, potentially impacting jobs.
Microsoft layoffs: What employees will receive in severance
Microsoft has announced a major layoff, with plans to cut around 4,800 jobs or about 2.1% of its global workforce.
Google appeals Indian court's keyword bidding ruling
Google has challenged an Indian court ruling that found it infringed trademark rights by allowing competitors to bid on a company's trademarked name as a keyword for advertising.
Reddit post claims AI replaced 90% of developers, sparks debate
A recent Reddit post has sparked a heated debate over the impact of artificial intelligence (AI) on software engineering jobs.
FII selling shows signs of easing amid lower oil prices
Foreign Institutional Investors (FIIs) have been on a selling spree in the Indian stock market, pulling out over $60 billion since September 2024.
Groww now offers regular mutual funds to Prime users
Groww, India's largest stockbroker by active users, has started offering regular mutual funds on its Groww Prime platform.
India to remain world's fastest-growing major economy: International Monetary Fund
India is set to retain its title as the world's fastest-growing major economy, with a projected growth rate of 7% in 2026, according to the International Monetary Fund (IMF).
Volkswagen faces union protests over potential 100,000 job cuts globally
Volkswagen, Europe's largest carmaker, is facing backlash from its employees over a proposal to cut up to 100,000 jobs and close several factories.
TCS Q1 net profit at ₹13,349cr, misses estimates
Tata Consultancy Services (TCS), India's top IT services provider, has reported its fiscal first-quarter earnings.
New Zealand's 57% exports to India go tariff-free under FTA
Ahead of Prime Minister Narendra Modi's visit, New Zealand Prime Minister Christopher Luxon has announced that 57% of his country's exports to India will be tariff-free.
SK Hynix's $28B US share sale draws 7x investor demand
SK Hynix, a leading South Korean memory chipmaker, has witnessed an overwhelming response to its proposed $28 billion share sale in the US.
Chandrasekaran to oversee Air India until new CEO is named
Tata Sons has formed an interim management committee to oversee Air India until a new CEO is appointed.
India's growth forecast revised to 6.6% amid oil price concerns
The Asian Development Bank (ADB) has revised India's growth forecast for the fiscal year 2026-27 (FY27) to 6.6%, down from its earlier estimate of 6.9% in April.
World's first once-weekly insulin launched in India: Check prices
Danish pharmaceutical company Novo Nordisk has launched Awiqli, the world's first once-weekly basal insulin for adults with Type 1 and Type 2 diabetes.
Judge approves SEC settlement over Musk's delayed Twitter stock disclosures
A US District Judge has approved the Securities and Exchange Commission (SEC)'s settlement with Elon Musk over his delayed disclosure of Twitter share purchases.
India now hosts half of world's GCCs: CEA Nageswaran
India is now home to nearly half of the world's Global Capability Centers (GCCs), Chief Economic Adviser (CEA) V Anantha Nageswaran said on Thursday.
Sensex jumps 600 points, Nifty reclaims 24,000
The Indian stock market witnessed a recovery on Thursday, with the Sensex and Nifty gaining over 0.8% each.
Sonos lays off senior design and product executives amid restructuring
Sonos, the popular audio company, has laid off several senior executives from its design and product teams amid larger restructuring effort within the company.
SBI Funds Management reveals price band for ₹11,693cr IPO
SBI Funds Management Ltd., a subsidiary of State Bank of India (SBI), has announced a price band of ₹545 to ₹574 per share for its ₹11,693 crore initial public offering (IPO).
Russia bans diesel exports
In a bid to prevent domestic shortages, Russia has imposed a ban on diesel exports. The move comes in the wake of a series of Ukrainian drone attacks on Russian refineries.
Oil nears $80 as renewed US-Iran tensions rattle markets
Oil prices surged on Thursday, following fresh US military strikes on Iran. The action has raised concerns over possible supply disruptions in the Middle East.
India to grow at 6.4% in FY27, says IMF
The International Monetary Fund (IMF) has revised India's economic growth forecast for the fiscal year 2026-27 to 6.4%.
FPIs invest record ₹41,773cr in government bonds this June
Foreign Portfolio Investors (FPIs) have made a record net investment of ₹41,773 crore in Indian government bonds under the Reserve Bank of India's (RBI) Fully Accessible Route (FAR) in June.
Over 600M biometric-based UPI transactions done in June: NPCI
The National Payments Corporation of India (NPCI) has announced that biometric-based Unified Payments Interface (UPI) transactions have crossed 600 million in June.
Blue Origin to raise $10B at $130B valuation: Report
Jeff Bezos's space venture, Blue Origin, is reportedly looking to raise $10 billion in its first-ever external funding round.
Allianz to cut 1,800 jobs amid AI push
Allianz, a leading global insurance and asset management company, has announced plans to cut up to 1,800 jobs in its travel insurance division.
Google selects 20 AI start-ups for India accelerator program
Google has announced the selection of 20 artificial intelligence (AI) start-ups for its India Accelerator program. The move marks the 10th year of the initiative in India.
Tata Motors to invest ₹40,000cr in India
Tata Group has announced its ambitious plan to grow its automotive business into a $100 billion entity by FY31.
Apple to spend $30B on Broadcom chips
Apple has announced a major investment of over $30 billion as part of a chip supply deal with Broadcom.
Ola Electric rejects insolvency petitions against its manufacturing division
Ola Electric has rejected the insolvency petitions filed against its manufacturing arm, Ola Electric Technologies Pvt. Ltd.
Your EPF interest will be credited by July 15
The Employees' Provident Fund Organisation (EPFO) will credit an interest rate of 8.25% on PF deposits for FY2025-26, Union Labour and Employment Minister Mansukh Mandaviya announced today.
This AI chipmaker has raised $1B at $11B valuation
SambaNova Systems, a leading artificial intelligence (AI) chip company, has raised $1 billion in its Series F funding round.
Intangible investments touched record high in 2025: What's the reason?
The United Nations' World Intellectual Property Organization (WIPO) has reported that the artificial intelligence (AI) boom has pushed investments in intangible assets to a record high.
Indian mutual funds surpass FIIs in assets for first time
In a historic development, India's mutual fund industry has overtaken foreign institutional investors (FIIs) in total assets under custody.
Sensex crashes 1,600 points as Trump says Iran ceaseover 'over'
The Indian equity markets witnessed a major crash on Wednesday, with the Sensex plummeting by over 1,600 points.
Blue Tokai plans 800 stores by FY30 to rival Starbucks
Blue Tokai Coffee Roasters, a leading specialty coffee brand and a major competitor of Starbucks in India, has announced an ambitious expansion plan.
Kusumgar IPO fully subscribed within hours, GMP nears 40%
Kusumgar Limited's initial public offering (IPO) has been fully subscribed within two hours of its opening today.