Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Foreign investors pull out ₹20,800 crore in 4 days
Foreign portfolio investors (FPIs) extracted a net ₹20,818.71 crore from Indian markets in just four trading days ending March 6, 2026.
Punjab's new industrial policy offers customizable incentives for investors
Chief Minister Bhagwant Singh Mann has unveiled the Punjab Industrial Policy-2026, aiming to attract ₹75,000 crore in investments this year.
Women hold just 5% CEO roles at India's listed firms
A recent report by Primeinfobase has revealed that women are still underrepresented in top leadership roles at India's listed companies.
DRA Homes launches Chennai's 1st multilingual virtual sales AI assistant
DRA Homes has unveiled Chennai's first multi-lingual Virtual Sales AI Assistant at the CREDAI Fairpro exhibition, marking a significant digital milestone in the city's real estate sector.
US loses 92,000 jobs in February, unemployment rises to 4.4%
The US economy witnessed a major setback in February, with the loss of 92,000 jobs. This comes as a stark contrast to January's job growth of 130,000 positions.
War in Middle East rattles global financial markets
Global bond markets are experiencing a sharp sell-off due to rising inflation fears, triggered by escalating conflict in the Middle East and subsequent energy price hikes.
Women lead just 5% of listed firms in India: Report
Despite improvements in boardroom diversity, women hold a mere 5% of CEO positions in India's listed companies, reveals a Primeinfobase report.
India asks ports to waive fees for cargo stuck abroad
India's government has requested major ports to consider waiving or reducing charges for cargo bound for West Asia, stranded due to escalating regional conflict.
Meesho hit with ₹1,500cr tax demand by IT department
E-commerce giant Meesho has been hit with a tax demand of nearly ₹1,500 crore by the Income Tax Department for the assessment year 2023-24.
AI is reshaping job skills, says Siemens's Peter Koerte
Siemens is shifting its workforce focus towards AI and data competencies, with smaller Indian tech teams contributing to new product value creation, says CTO Peter Koerte.
Tesla's Berlin plant elects works council without union backing
Tesla has emerged victorious in a contentious labour dispute at its Gruenheide factory, despite allegations of employee pressure and union-busting tactics.
ICAI CA January 2026 Foundation, Intermediate results tomorrow
The Institute of Chartered Accountants of India (ICAI) will release the CA Foundation and Intermediate exam results on March 8, 2026.
Israel-Iran conflict may hit India's economy in FY27: SBI Research
The ongoing Israel-Iran conflict could potentially slow down India's economic growth and increase inflation, warns SBI Research.
Oil prices could hit $150 per barrel: Qatar energy minister
Escalating Middle East tensions push oil prices towards $100 per barrel, potentially triggering volatility in Indian equities and impacting corporate margins.
HDFC Bank slashes MCLR rates: Check the new rates
HDFC Bank has reduced its Marginal Cost of Funds-based Lending Rates (MCLR) by up to 10 basis points, resulting in lower EMIs for certain loan customers.
Oil prices soar as US-Iran tensions escalate
Crude oil prices have soared to $91.84 per barrel due to escalating tensions between the US-Israel and Iran, sparking concerns over consumer prices.
Amazon to help Army veterans's wives become entrepreneurs
Amazon India has signed a Memorandum of Understanding (MoU) with the Army Women Welfare Association (AWWA) to facilitate market entry for women entrepreneurs from army families.
Betting platform Kalshi sued over $54 million Khamenei death bets
Kalshi prediction market is facing a class-action lawsuit for allegedly failing to pay $54 million to bettors on the ouster of Iranian Supreme Leader Ayatollah Ali Khamenei.
Uber now lets you book intercity bus tickets
Uber has partnered with Ixigo's AbhiBus to introduce intercity bus ticketing in India, marking the service's global debut.
Sundar Pichai could receive $700M pay package from Alphabet
Sundar Pichai, the CEO of Alphabet, is in line for a massive pay package that could go up to $692 million over the next three years, according to The Financial Times.
Sundar Pichai to earn $692 million over next 3 years
Alphabet is set to offer CEO Sundar Pichai a pay package potentially worth $692 million over three years, making him one of the highest-paid global executives.
Explainer: Why Indian stock markets are facing heat
Indian equity markets experienced their steepest weekly fall in over a year, with the rupee hitting a record low amid escalating US-Iran tensions and surging crude oil prices.
Tata, OpenAI partner to supercharge India's AI scene
TCS CEO K Krithivasan expresses confidence in the company's AI data centre plans, citing advanced discussions with hyperscalers and a significant infrastructure gap in India.
Indian rupee slips to 91.75 against US dollar
The rupee fell 15 paisa to close at 91.75 against the dollar on Friday, influenced by higher crude oil prices and foreign fund outflows.
Robinhood's venture fund drops 16% on NYSE debut
Robinhood's startup fund, Robinhood Ventures Fund I, experienced a disappointing debut on the NYSE, raising only $658.4 million of its ambitious $1 billion target.
India's 1st dedicated medtech fund gets SEBI nod
India's medical technology sector is set to receive its first dedicated investment fund worth Rs 1,000 crore, supporting the government's 'Make in India' initiative.
Sensex slips below 79,000 mark for 1st time since April
The Sensex fell by 1,100 points due to worsening geopolitical conditions in West Asia, closing below the 79,000 mark for the first time since April 2025.
RBI will pay you if you get scammed on digital channels
The Reserve Bank of India (RBI) has proposed a Rs 50,000 limit for digital frauds to qualify for compensation, with strict eligibility conditions.
Oracle, OpenAI cancel Texas data center expansion
Oracle and OpenAI have reportedly scrapped plans to expand a major artificial intelligence data centre in Texas, according to Bloomberg News.
Explained: How West Asia conflict is impacting India
The ongoing conflict in West Asia is disrupting essential raw material supplies, affecting key Indian industries beyond oil and gas.
PhonePe plans $1.05 billion IPO in April
PhonePe, a digital payments platform, has reached a valuation of $10 billion in 10 years, with Esop holders potentially pocketing $1.4 billion.
LPG prices hiked for 1st time in nearly a year
The price of domestic cooking gas LPG has been hiked by ₹60 per cylinder, while commercial cylinders see a rise of ₹115, effective from today.
Life EV acquires e-bike brand Rad for $14.9 million
Life Electric Vehicles Holdings (Life EV) has officially acquired the struggling electric bike company, Rad Power Bikes, for $13.2 million.
US owes $166B in tariff refunds, but there's a catch
The US Customs and Border Protection (CBP) has stated it cannot process billions in tariff refunds due to limitations in its digital import processing system.
Nintendo is suing the US government over Trump-era tariffs
Nintendo has filed a lawsuit against the U.S. government, seeking refunds for tariffs imposed by President Donald Trump, which were ruled unconstitutional.
Kalshi's Khamenei death bets spark $2.2 million payout mess
Kalshi, a prediction market platform, has sparked outrage after refusing to pay out $54 million to users who bet on Ayatollah Ali Khamenei's ouster following his assassination.
China targets 4.5-5% GDP growth in 2026
China plans to increase spending on major infrastructure and public services in an effort to meet its lowered economic growth target for 2026.
Solar manufacturers seek ₹25,000 crore funding for indigenization
India's solar equipment industry is requesting a viability gap funding of ₹20,000-25,000 crore from the government to boost domestic manufacturing capacity.
Dividend stocks: How to invest in them
Investing in Indian dividend stocks can be a rewarding strategy for those looking to generate passive income.
Sustainability bonds: All about this investment option
Investing in Indian sustainability bonds can be a smart move for those looking to contribute to environmental and social goals.
Why gold in Dubai is suddenly selling at discount
The ongoing war between US-Israel and Iran has led to a major disruption in gold trade, with the precious metal being sold at steep discounts in Dubai.
Oil prices could hit $150 per barrel, Qatar warns
Qatar's Energy Minister Saad al-Kaabi has warned that global oil prices could skyrocket to as high as $150 per barrel if the Middle East conflict worsens.
Flipkart cuts 300 jobs as part of yearly performance review
Walmart-owned e-commerce giant Flipkart has laid off around 300 employees in its annual performance review cycle, according to Moneycontrol.
Why is India's biggest IPO plan stuck in limbo?
Mukesh Ambani's plan to take Jio Platforms public is facing delays due to the Indian government's slow pace in formalizing new listing rules.
IndiGo extends Middle East flight cancellations free till March 31
IndiGo has announced an extension of its free waiver on flight cancellations until March 31.
Does travel insurance cover delays and cancellations during regional conflicts?
The ongoing conflict in West Asia has disrupted airline operations, with many carriers rerouting or suspending flights to avoid conflict-hit airspace.
Mukesh Ambani retains title as India's richest
Mukesh Ambani has retained his title as India's richest person and Asia's wealthiest individual, according to the Hurun Global Rich List 2026.
Morgan Stanley downgrades India as US-Iran war rattles Asia
Global investment bank Morgan Stanley has downgraded its outlook for Indian equities, citing the ongoing Iran conflict as a potential risk to regional supply chains.
UPI records over 800M transactions in a day
The Unified Payments Interface (UPI) has achieved a new milestone, crossing 800 million transactions in a single day on March 2.
Sarvam rolls out program to back India's AI start-ups
Indian generative AI company Sarvam AI has launched a new initiative, the 'Sarvam Start-up Programme.'
India to beat global peers in salary hikes for 2026
India is set to witness a significant rise in salaries, with an average increase of 9.1% projected for 2026.
Mortgage loans: What are the available options?
Navigating the world of mortgage loans can be difficult, particularly for first-time homebuyers.
SoftBank seeks record $40B loan to fund OpenAI
SoftBank, the Japanese tech conglomerate, is seeking a loan of up to $40 billion.
Innovision IPO opens March 10: Should you bid?
Innovision, a Haryana-based company specializing in manpower and toll plaza management services, has announced its initial public offering (IPO) price band.
Why are Sensex and Nifty falling today?
Indian equity markets opened lower today, with the Sensex down by some 600 points and the Nifty50 trading near the 24,600-mark.
NHAI-backed Raajmarg Infra IPO opens March 11: Should you bid?
Raajmarg Infra Investment Trust (RIIT), a public InvIT sponsored by the National Highways Authority of India (NHAI), is gearing up for its first-ever public offering.
Oracle to lay off thousands amid AI data center expansion
Oracle Corporation is planning to lay off thousands of employees as part of a strategy to cope with financial strain from its massive AI data center expansion, according to Bloomberg.
Netflix just bought Ben Affleck's AI filmmaking start-up
Netflix has acquired InterPositive, a filmmaking technology company founded by actor Ben Affleck in 2022.
Foreign investors dump IT stocks worth ₹17,000cr amid AI fears
Foreign institutional investors (FIIs) have offloaded a whopping ₹17,000 crore worth of Indian IT stocks in February.
Why BEL, HAL and Mazagon Dock surged today
Shares of several defense companies, including Bharat Electronics Limited (BEL), Mazagon Dock Shipbuilders Limited, and Hindustan Aeronautics Limited (HAL), witnessed a sharp rise on Thursday.
Amazon cuts 100+ jobs in robotics division
Amazon has laid off more than 100 employees from its robotics division, as part of a major restructuring effort.
India VIX cools 17% after 52% spike amid US-Iran war
India's volatility index (VIX), the barometer of stock market fear, has witnessed a major correction on Thursday.
Grocery start-up FirstClub in talks to raise $60M
FirstClub, a Bengaluru-based premium retail grocery start-up, is in advanced talks to raise $50-60 million (around ₹450-550 crore) from Peak XV Partners and Sofina Ventures, according to Moneycontrol.
Palantir faces tough task of severing ties with Anthropic
Palantir, a leading tech company, is facing the tough task of severing its ties with Anthropic. This comes after a dispute between the AI lab and the Pentagon over safety protocols.
OpenAI's annualized revenue surpasses $25B mark
OpenAI has crossed the $25 billion mark in annualized revenue, The Information reported on Wednesday.
Sergey Brin joins Bezos, Zuckerberg in Miami with $51M mansion
Google co-founder Sergey Brin is reportedly the new owner of a $51 million waterfront mansion in Miami.
US-Iran war: Why investors are dumping silver and buying gold
The ongoing conflict in the Middle East, pitting the US and Israel against Iran, has triggered a global risk-off sentiment.
China sets lowest GDP growth target in 35 years
China has set its annual economic growth target for 2026 at a range of 4.5% to 5%, the lowest since 1991.
Morgan Stanley cuts 2,500 jobs globally despite strong financial performance
Morgan Stanley has laid off around 2,500 employees worldwide, according to The Wall Street Journal.
Gold, silver ETFs soar amid escalating US-Iran war
Gold and silver exchange-traded funds (ETFs) witnessed a sharp spike on Thursday.
Why Reliance shares are rising amid US-Iran war
Reliance Industries Limited (RIL) witnessed a sharp surge in its share price on Thursday, gaining up to 3%.
Estee Lauder fully acquires Forest Essentials
Estee Lauder Companies has announced its plan to acquire an additional 51% stake in Indian luxury beauty brand, Forest Essentials.
Why NVIDIA may pull back from investing in OpenAI, Anthropic
NVIDIA CEO Jensen Huang has hinted at a possible reduction in his company's investments in OpenAI and Anthropic.
Sensex gains 500 points: What's behind today's rally?
The Indian stock market opened on a positive note today, with the S&P BSE Sensex gaining nearly 500 points to trade at 79,603 and the Nifty50 rising by 175 points to reach 24,656.
SBI hires 5,800 Junior Associates to strengthen customer service
The State Bank of India (SBI), the country's largest lender, has hired 5,783 Junior Associates across various states and union territories.
Oil prices soar as US-Iran war disrupts global supply routes
Oil prices have soared on Thursday, owing to fears of supply disruptions from the ongoing US-Iran conflict. The prolonged closure of the Strait of Hormuz has also contributed to this spike.
US court orders refunds for Trump tariffs
In a major blow to President Donald Trump's administration, a federal judge in New York has ordered companies that paid certain tariffs during his tenure to be refunded.
Google settles with Epic, cuts Play Store commission to 20%
Google has agreed to a settlement with Epic Games, the developer of Fortnite, over antitrust concerns.
MRF to invest ₹5,300cr in new tire manufacturing plant
Leading tire manufacturer MRF has announced plans to set up a greenfield manufacturing facility in Tamil Nadu.
Gold, silver ETFs down 7% today: Here we decode why
Gold and silver exchange-traded funds (ETFs) witnessed a major drop today. The decline came as investors booked profits after a recent rally in precious metals.
Ookla, Downdetector, and Speedtest sold to Accenture for $1.2B
Accenture has acquired the connectivity division of Ziff Davis for a whopping $1.2 billion in cash.
This fintech unicorn wants to raise ₹1,500cr via IPO
Fintech unicorn Moneyview Limited has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
PhonePe eyes $10.5B valuation for its IPO in India
Walmart-backed Indian fintech giant PhonePe is gearing up for an initial public offering (IPO) at a valuation between $9 billion and $10.5 billion, according to Reuters.
After Pentagon, OpenAI might sign a contract with NATO
OpenAI is considering a contract to deploy its artificial intelligence (AI) technology on the North Atlantic Treaty Organization's (NATO) "unclassified" networks, as per Reuters.
Wipro stocks hit 52-week low today: Here we decode why
Wipro's shares hit a 52-week low of ₹195.10 this morning, down 1.74% from the previous close.
Services PMI falls to 58.1 in February: What's the reason?
India's services sector growth has slowed down in February, with the Purchasing Managers' Index (PMI) slipping to a two-month low of 58.1 from January's 58.5.
Who is Frank Yeary, Intel board chair departing after 17-years
Frank Yeary, the long-serving board Chair of Intel, has announced his retirement.
HDFC Bank to increase locker rentals: Check new rates
HDFC Bank is set to revise its safe deposit locker rental charges from April 1, 2026.
Indian rupee hits all-time low of ₹92.17 against US dollar
The Indian rupee has hit a new low against the US dollar, breaching the ₹92 mark for the first time ever.