Business News
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Dr. Alok Tiwari warns brokerages may not survive without AI
Traditional brokerage models must evolve as AI and technology reshape capital markets, warns DEA Joint Secretary Alok Tiwari at the ANMI Convention.
Xbox's 1st-ever COO, Helen Chiang, quits after just 3 months
Helen Chiang, Microsoft's first Chief Operating Officer (COO) for Xbox, is leaving the company after just three months in her new role.
AU Small Finance Bank Q2 profit jumps 53% to ₹858cr
AU Small Finance Bank reported a 53% increase in net profit to ₹858 crore for Q2 FY27, driven by improved interest income and enhanced asset quality.
NVIDIA's financing of neoclouds and AI developers raises investor unease
Nvidia's financial backing of AI infrastructure is under scrutiny as neocloud stocks plummet and bond yields rise, highlighting potential risks in its investment strategy.
Ashish Kumar Chauhan warns AI-driven cyberattacks could threaten capital markets
NSE CEO Ashish Kumar Chauhan warns of escalating AI-driven cyber risks to the financial sector, urging collaborative defenses and regulatory reforms to protect market integrity.
Donald Trump's Russian diesel import delayed as oil hits $117.45
Brent crude surged to $117.45 a barrel amid escalating Middle East conflicts, undermining President Trump's Russian diesel deal aimed at easing fuel prices before the US midterms.
Bombay High Court tells EPFO to process higher EPS pensions
The Bombay High Court ruled that EPFO cannot reject higher-pension applications based solely on employer PF trust rules capping contributions, benefiting private sector employees.
Bhartruhari Mahtab leads India's top finance committee on 46 topics
Parliament's Standing Committee on Finance, led by BJP MP Bhartruhari Mahtab, will scrutinize 46 topics in FY'27, including virtual digital assets and AI in the financial sector.
ED raids Kanakadhara Ventures Pvt Ltd over alleged 326.49cr fraud
The Enforcement Directorate conducted searches at seven locations in Hyderabad related to a ₹326-crore bank fraud involving Kanakadhara Ventures Pvt Ltd and its directors.
Union Bank of India sees major AI semiconductors defense investments
India's emerging sectors, including AI and semiconductors, are poised to attract significant bank financing over the next three to five years.
Broadridge Financial Solutions turns to India engineers to tokenise assets
Indian engineers at Broadridge are pivotal in developing systems that integrate tokenisation and AI, transforming global financial asset management and transaction processing.
Prudential Financial opens 1st global capability center in Gurugram
Prudential Financial Inc has established its first global capability centre in India, leveraging local talent to innovate and modernise operations.
Sridhar Vembu says AI is a bubble, Zoho favors research
Sridhar Vembu, founder of Zoho, describes the current AI boom as a bubble and states that Zoho will refrain from making significant infrastructure investments at this time.
SpaceXSI is coming for Verizon, T-Mobile, AT&T in the US
SpaceXSI is looking to enter the mobile carrier market by leveraging at least 80,000 cell sites in the US.
US lifting tariffs on some Canadian goods ahead of elections
The Donald Trump administration has announced the removal of some 50% tariffs on Canadian goods, just two weeks before the midterm elections.
Why Boeing has stopped making 777 freighter for 2 months
Boeing's production of the 777 freighter has been stalled for nearly two months, thanks to a dispute with a small Florida-based supplier.
Cisco's Jeetu Patel saves up to ₹1.14L via AI audit
Cisco's Jeetu Patel used personal AI agents to review his emails, revealing Rs 8.5 lakh in annual subscription expenses and prompting a reassessment of his spending habits.
Narendra Modi and Vladimir Putin aim $100B trade by 2030
Prime Minister Narendra Modi and President Vladimir Putin aim to boost India-Russia trade to USD 100 billion by 2030, enhancing bilateral cooperation across various sectors.
Bitcoin $80,685 and Ethereum $2,370 slide over 1% amid outflows
Bitcoin hovers near $80,000 and Ethereum trades around $2,370 as macroeconomic uncertainty and declining institutional interest impact the cryptocurrency market.
S&P Dow Jones Indices relabels growth and value December 21
S&P Dow Jones Indices will revise its criteria for classifying US stocks as growth or value, removing momentum from growth and adding free cash flow to value assessments.
Mark Cuban likens AI hacking agents to persistent cockroaches
Billionaire entrepreneur Mark Cuban likens AI-driven hack agents to cockroaches but believes companies can use technology to protect themselves effectively.
Deepinder Goyal launches early-access waitlist for Temple wearable priced ₹85,000
Deepinder Goyal has launched the early-access waitlist for Temple, a brain-monitoring wearable priced at Rs 85,000, with pre-orders starting November 1.
Piyush Goyal says India mapping industries off limits to AI
India's commerce and industry ministry, led by Piyush Goyal, is actively working to identify sectors resilient to AI disruption amid concerns over potential job losses.
Eighth Central Pay Commission reviews DA, government denies DA merge
The 8th Central Pay Commission is reviewing dearness allowance policies, while the government has clarified that no DA merger with basic pay is currently planned.
Boeing halts 777 freighter production after Vaero stops wing part
A dispute with sole supplier Vaero over a critical wing component forced Boeing to halt production of its 777 freighter and 767 planes, costing the company millions daily.
TCS and Infosys derive more than 10% revenue from AI
AI now contributes over 10% to TCS and Infosys' Q2 revenues, yet analysts remain puzzled by the deflationary pressures and complex strategies surrounding AI's impact on growth.
BPCL swings to ₹4,993cr profit in Q2 FY27
Bharat Petroleum Corporation Limited (BPCL), a state-owned oil and gas company, has reported a standalone net profit of ₹4,993.17 crore for the September quarter of FY27.
India's private sector activity hits 4-month high in October
India's private sector activity witnessed a significant surge in October, marking its fastest growth in four months.
Rystad forecasts $30B fuel cell investments from US AI centers
AI-driven data centers are increasingly adopting fuel cells to overcome grid constraints, with investments projected to rise significantly, reaching $30 billion by 2030.
Amazon CEO Andy Jassy says AWS sold out through 2027
Amazon CEO Andy Jassy announced that AWS's cloud computing capacity is largely sold out through 2027, driven by increasing demand for AI infrastructure.
Adani Power posts 142% July-September profit ₹7,019.3cr on weak monsoon
Adani Power reported a 142% increase in net profit for the July-September quarter, driven by strong electricity demand and exceptional prior-period income.
MidCap 150, Small-cap 250 tumble amid oil and deficit worries
Mid-cap and small-cap stocks in India experienced their worst weekly declines in two years, with the Nifty MidCap 150 falling 5.26% and the Small-cap 250 dropping 7.10%.
Volkswagen pauses India EV investment amid JSW Group talks
Volkswagen has halted its electric vehicle investments in India, awaiting clarity on a potential partnership with JSW Group, as competition in the affordable EV market intensifies.
India's private sector records best month since June, PMI 56.7
India's private sector activity surged in October, reaching a four-month high as new orders increased and inflationary pressures eased, according to S&P Global's Flash PMI data.
Central Bank of India allegedly lost ₹13.96cr in SFMS breach
The Central Bank of India reported a ₹13.96 crore loss due to 187 unauthorised transactions after hackers accessed its core banking system between October 15 and 17, 2026.
Government eyes ₹40,000cr TEEM scheme modernizing textile and garment clusters
The Indian government is considering a ₹40,000-crore initiative to upgrade traditional textile clusters over five years, enhancing competitiveness and efficiency.
AI infrastructure stocks slide as SK Hynix cancels Solidigm IPO
The AI infrastructure sector faces turbulence as neoclouds experience significant losses, credit risks escalate, and SK Hynix cancels Solidigm's IPO due to market volatility.
Elon Musk tops US donors with $446 million for 2026 midterms
Elon Musk has become the largest individual political donor in American history, contributing $446 million to support Republican efforts in the 2026 midterm elections.
Trump pauses Canadian tariffs after Sen. Collins backed Maine farmers
The Trump administration lifted tariffs on select Canadian imports, potentially aiding Senator Susan Collins in Maine, while imposing new levies on other goods starting October 30.
TechCrunch Founder Summit features sales and AI roundtables in Boston
Explore six focused roundtables at the TechCrunch Founder Summit 2026, where founders tackle challenges like enterprise sales, AI integration, and creating new market categories.
Tata Sons faces December meeting uncertainty as Maharashtra reviews trusts
Tata Sons faces challenges as governance issues within its majority owners, Tata Trusts, threaten to complicate the upcoming annual general meeting's voting dynamics.
Jio IPO sets global record with over 1 crore applications
Jio Platforms Ltd's initial public offering (IPO) has set a new global record by receiving over one crore applications.
Westside charges ₹49 for credit card payments: Is it legal?
Westside, a leading retail chain, has come under fire for charging a flat "convenience fee" of ₹49 on all in-store credit card transactions.
Smartphone maker LAVA faces leadership shakeup as top executives resign
LAVA International's Managing Director Sunil Raina and Chief Financial Officer Rajesh Sethi have resigned from their positions, Moneycontrol reported.
After IDBI, Centre weighs stake cuts in 4 PSU banks
The Indian government is mulling over reducing its stakes in four public sector banks (PSBs) to meet public shareholding norms.
Airtel's ₹200 prepaid pack now comes with YouTube Premium
Airtel has partnered with YouTube, bringing the latter's premium benefits to its prepaid customers in India.
Silver prices hit 11-month low: What's affecting the precious metal?
Silver prices in India have hit an 11-month low, with the MCX silver rate falling below ₹2 lakh per kg.
Ola Electric shares hit 6-month low
Ola Electric's shares plummeted over 7% to a six-month low of ₹29.53 on the NSE today.
Gold prices fall below $4,000 for first time since July
The price of gold has fallen below $4,000 per ounce for the first time since July. The precious metal hit a low of $3,986.85 on Friday.
Volvo Cars to cut 2,500 jobs globally
Volvo Cars, the Swedish carmaker owned by Chinese group Geely, has announced plans to cut around 2,500 jobs globally.
Sensex tanks 650 points: What's behind today's decline?
Indian stock markets witnessed another downturn today, with the Nifty 50 index falling below the 22,450 mark and the Sensex losing nearly 648.74 points to 72,600, at the time of writing.
Swiggy's stock crashes 12% to record low
Swiggy's shares have witnessed a massive fall, plummeting nearly 12% today to hit a record low.
Musk reportedly invests $1B in Skydance
Elon Musk has invested around $1 billion in Skydance, a newly formed media company, Semafor reported.
Brent crude hits $114 per barrel, highest since May
Crude oil prices have soared by 4%, with Brent crude hitting $114 per barrel, its highest since May 2026.
OpenAI seeks $30B at $1.25 trillion valuation ahead of IPO
OpenAI, the leading artificial intelligence (AI) company based in San Francisco, is on the verge of a major funding round.
Jio Platforms IPO closes today
Jio Platforms' ₹30,213 crore initial public offering (IPO) will close today. The issue has drawn strong investor interest and the gray market suggests a potential listing gain of over 20%.
Swiggy posts ₹922cr loss in Q2
Swiggy, the popular food and grocery delivery platform, has witnessed an improvement in its financial performance for the second quarter (Q2) of FY27.
SoftBank's market value crashes 50% as AI worries mount
SoftBank Group has seen its market value cut in half since its peak in June, owing to rising borrowing costs and debt risks.
Flipkart loses 3 more VPs as senior-level exits hit 14
Walmart-owned e-commerce giant Flipkart has witnessed the exit of three more senior executives.
Netflix subscribers, be ready to pay more
Netflix has hinted at potential future price hikes for its subscription services.
ICICI Bank revising savings account charges: What changes for customers?
ICICI Bank has announced a revision in its savings account service charges, effective from December 1.
Barclays cuts 5,000 jobs as AI reshapes banking
Barclays, one of the leading banking groups, has announced plans to cut around 5,000 jobs this year.
Tesla-SpaceX merger could add $110B to Musk's wealth
Elon Musk has confirmed that both SpaceX and Tesla have formed special committees to explore a possible merger.
No order, no seat: Starbucks China makes buying mandatory
Starbucks has introduced a new policy in China, making it mandatory for customers to make a purchase if they want to use the seating area.
Xbox mandates 4-day office attendance: Who does it apply to?
Microsoft has announced a new policy mandating most of its Xbox employees to work from the office four days a week.
Meta strikes deal with Zuckerberg to keep him in California
Meta has struck a deal with its CEO Mark Zuckerberg, allowing him to sell shares without losing control of the company.
Automattic begins layoffs amid board crisis and executive exodus
Automattic, the parent company of popular platforms like WordPress.com, WooCommerce, and Tumblr, has started laying off employees., according to Techcrunch.
Meta creates new class of shares to fund AI investments
Meta plans to introduce a new class of non-voting shares to help fund its growing AI ambitions.
DeepSeek raises $15B to challenge OpenAI and Anthropic
DeepSeek, a leading artificial intelligence (AI) start-up from China, has raised 100 billion yuan ($15 billion) in its latest funding round.
Shiprocket enters food delivery space
Shiprocket, a leading logistics and e-commerce enablement company, has announced its entry into the food delivery sector to rival Zomato and Swiggy.
Tesla's net profit drops 43% in Q3
Tesla has reported a major decline in its net profit for the third quarter of 2026.
Oil prices cross $110 after drone attack on Saudi oilfield
Oil prices have surged due to a drone attack on a Saudi Aramco oilfield, raising fears of supply disruptions amid the escalating West Asia conflict.
Meta reports $65B revenue for Q3
Meta Platforms, the parent company of Facebook and Instagram, has reported a stellar third-quarter revenue for 2026.
Down 20% from peak, China's stock market enters bear territory
China's mainland-listed shares have entered a technical bear market, with the CSI 300 Index plunging nearly 20% from its June peak.
Why Booking.com is facing an EU probe
The European Union (EU) has launched an investigation into online travel agent Booking.com over alleged failures to combat fake listings and phishing scams.
SAT reserves order in trading giant Jane Street's case
The Securities Appellate Tribunal (SAT) has reserved its order in the case of trading giant Jane Street.
Netflix beats earnings estimates, so why are shares falling?
Netflix has reported its third-quarter earnings, which have beaten analyst estimates.
How Costa Coffee turned into a $5.1B headache for Coca-Cola
Coca-Cola's $5.1 billion acquisition of Costa Coffee, the UK's answer to Starbucks, has turned out to be a costly miscalculation.
Looted French luxury goods up for resale on Vinted
In the wake of the recent unrest in France, online second-hand marketplace Vinted has removed listings of stolen French goods.
India's crude import bill jumps 46% to $91 billion
India's crude oil import bill has witnessed a massive jump of 46.3% to $90.6 billion in the April-September period, according to data from the Petroleum Planning and Analysis Cell (PPAC).
Carlsberg might file for $700M IPO in India this week
Danish brewing giant Carlsberg is gearing up to file for an initial public offering (IPO) of its Indian business as early as this week, as per Bloomberg.
Eternal's Q2 FY27 profit jumps 92% YoY to ₹125cr
Eternal, the parent company of Zomato and Blinkit, has reported a 92% jump in its net profit for the quarter ending September 30.
Sensex crashes 1,400 points from day's high
India's benchmark indices, Sensex and Nifty, witnessed a major fall from their day's high on Wednesday. The decline was mainly due to profit booking at higher levels.
eMudhra shares crash 20% after security flaw hits TLS certificates
Shares of Bengaluru-based eMudhra Ltd plummeted by 20% on Wednesday.
HDFC Bank finds 2 senior executives leaked secrets
HDFC Bank, India's largest lender by market capitalization, is investigating two of its senior executives for allegedly leaking confidential business strategies and possibly market-sensitive information.