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Sensex falls 187.90, Nifty slips 35.75 amid rising oil prices
Sensex dropped 187 points to close at 77,966, while Nifty slipped 35 points to end at 24,435. TCS and Mahindra & Mahindra led the losses amid weak investor sentiment.
Andhra Pradesh approves ₹2.08Lcr for 25 projects, potential 21,627 jobs
The Andhra Pradesh SIPB has cleared 25 industrial projects worth ₹2.08 lakh crore, promising 21,627 direct jobs and significant investments in data centers and green energy.
Blacksmith raises $45 million Series B, valuation jumps to $550 million
AI code-testing startup Blacksmith has seen its valuation skyrocket from $60 million to $550 million in less than a year, fueled by rising demand for faster code validation tools.
Meta faces California trial over kids addiction claims, $1.4T exposure
Meta is set to face a California trial over allegations of designing Facebook and Instagram to be addictive for children, risking $1.4 trillion in damages.
N Chandrasekaran will not seek reappointment as Tata Sons chairman
N Chandrasekaran announced he won't seek reappointment as Tata Sons Chairman, citing prolonged leadership uncertainty and lack of unanimous board support for term extension.
India targets $1T exports by fiscal 2027, exports up 15%
India aims for $1 trillion in exports this financial year, requiring 15.8% growth. Exports grew 15% year-on-year in the first four months, driven by FTAs and a weaker rupee.
Unitree Robotics IPO drew nearly 9.8 million retail orders 0.0181% allocation
Unitree Robotics' Shanghai IPO saw unprecedented demand, with 9.8 million retail orders and an oversubscription rate of 8,289 times, highlighting China's robotics investment boom.
Skytech Infinite opens IPO August 14 for about 29.45L shares
Skytech Infinite's Rs 22.68 crore SME IPO opens on August 14, with a price band of Rs 73-77 per share and a lot size of 1,600 shares.
Ola Electric secures ₹7,240 cr PLI extension through 2031
Ola Electric received government approval for revised timelines under the PLI ACC scheme, unlocking ₹7,240 crore in quarterly incentives for battery production until 2031.
Lenskart posts almost threefold PAT ₹228.4 cr, revenue ₹2,714.2 cr
Lenskart reported a nearly three-fold jump in Q1 FY27 profit to Rs 228.4 crore, with revenue rising 43 percent YoY to Rs 2,714.2 crore.
Tata Motors commercial vehicles arm posts 83% profit to ₹2,560cr
Tata Motors Commercial Vehicles reported an 83% surge in net profit to Rs 2,560 crore for Q1FY27, driven by strong demand across infrastructure, logistics, and freight sectors.
Ramesh Rangarajan takes over as Kasturi and Sons Ltd chairman
Ramesh Rangarajan, with extensive media industry experience, has been elected Chairman of Kasturi and Sons Ltd., the holding company of The Hindu Group Publishing Private Ltd.
Eli Lilly to sue US sellers of counterfeit retatrutide
Eli Lilly intensifies efforts to combat illegal sales of retatrutide, an unapproved experimental weight-loss drug, citing global safety concerns and regulatory challenges.
CoreWeave stock jumps 16% premarket after Q2 revenue doubles
CoreWeave shares jumped 16% pre-market as Q2 revenue doubled to $2.58 billion, highlighting soaring AI infrastructure demand amid crypto market stagnation.
Study: 99.8% of executives favor capital-light flexible workspaces amid AI
60% of CEOs and CFOs find AI's rapid advancements complicating office space forecasting, driving a shift towards flexible, scalable workspace strategies over fixed commitments.
Indian Railways posts record ₹2.74L/cr annual revenue for 2025-26
Indian Railways achieved a record gross revenue of Rs 2.74 lakh crore in FY26, marking a 3.2% increase from Rs 2.65 lakh crore in the previous fiscal year.
India's semiconductor startups raised $206 million across 51 rounds since 2022
Indian semiconductor startups secured $206 million across 51 rounds since 2022, with investor focus shifting towards fewer, larger bets on advanced-stage companies.
Bank of America commits $250 billion to US infrastructure initiative
Bank of America will invest $250 billion by July 2027 to support U.S. digital, energy, and transportation infrastructure, aiming to drive economic growth and job creation.
Sensex recovers 400 points but remains down 303.53 at 77,850.72
Sensex rebounded 400 points from intraday lows, while Nifty climbed above 24,350, driven by value buying, easing crude prices, and technical support near the 24,250 level.
India exports rise nearly 15% in 1st 4 months 2026-27
India's exports grew by 15% during April-July this fiscal, with Commerce Minister Piyush Goyal optimistic about achieving the $1 trillion export target for 2026-27.
Tencent Q2 2026 revenue up 11% while profit rises 0.7%
Tencent's double-digit earnings growth streak ended as second-quarter net profit rose just 0.7%, driven by a surge in AI investments doubling capital expenditure year-over-year.
India prepares health insurance reforms led by IRDAI chief
India is considering major health insurance reforms to standardise treatment rates and expand a claims exchange, aiming to curb medical inflation and enhance coverage.
SEBI finds no CAS manipulation as mutual fund participation rises
Sebi chief Tuhin Kanta Pandey stated that no signs of manipulation have been observed in the recently introduced closing auction sessions, despite initial market skepticism.
Tencent Q2 revenue rises 11% to 204.8bn yuan, profit muted
Tencent reported an 11% rise in second-quarter revenue to 204.8 billion yuan, driven by strong advertising sales, while net profit of 56 billion yuan fell short of expectations.
Zee Entertainment and Puneet Goenka seek ₹3,143cr amid SEBI ban
The Securities Appellate Tribunal reserved its decision on interim relief pleas by Zee Entertainment and CEO Puneet Goenka against SEBI's market-access ban.
Noida-based spiritual tech startup Astrotalk hits $1 billion valuation
Astrotalk, a Noida-based spiritual tech platform, has become a unicorn with a $1 billion valuation through an ESOP buyback benefiting over 100 employees.
Nippon India launches Income Plus Arbitrage Omni Fund of Fund
Nippon India Mutual Fund has introduced the Income Plus Arbitrage Omni Fund of Fund, an open-ended scheme investing in domestic debt-oriented and arbitrage mutual fund strategies.
Manus AI will delete user data after Meta acquisition blocked
Manus AI is separating from Meta after Chinese regulators blocked the $2 billion acquisition, citing concerns over AI technology transfer amid escalating US-China tensions.
China's answer to Boeing, Airbus makes first international flight today
China's state-owned Commercial Aircraft Corporation of China (Comac) is gearing up for a major milestone in commercial aviation.
Sensex down over 650 points today: What's the reason?
The Indian stock market has witnessed a major slump for the second consecutive session today.
SalarySe finds Indian Gen Z spends over 70% on essentials
A study by SalarySe shows India's Gen Z prioritizes essentials and financial services, with JioHotstar, Netflix, and Spotify subscriptions forming notable recurring expenses.
Indian shares tumble as N Chandrasekaran resigns and crude rises
The Sensex plunged over 550 points, and Nifty slipped below 24,300 as Tata Sons Chairman N Chandrasekaran's resignation and rising crude oil prices rattled investor sentiment.
SBI used AI to underwrite nearly ₹1L/cr MSME loans 2025-26
State Bank of India utilized artificial intelligence to underwrite nearly Rs 1 lakh crore in MSME loans up to Rs 5 crore, enhancing efficiency and customer satisfaction.
Mobavenue AI Tech stock jumps as Q1 profits hit ₹11.7cr
Mobavenue AI Tech soared 10% to hit its upper circuit on 12 August, driven by a 95% YoY jump in Q1FY27 PAT, defying weak market sentiment.
OpenAI's 'Friction' email lets staff report workplace bottlenecks to leadership
OpenAI employees can directly email CEO Sam Altman via a system called "friction," enabling swift resolution of bureaucratic hurdles and workplace bottlenecks.
Tata shares plunge after N Chandrasekaran announces departure in 2027
Tata Group stocks dropped on August 12, 2026, with TCS plunging 5.70%, following Chairman N. Chandrasekaran's announcement that he will not seek reappointment in 2027.
Foxconn posts 35% Q2 net profit on AI server demand
Foxconn reported a 35% rise in Q2 net profit, driven by soaring demand for AI servers, with revenue climbing 41% year-on-year to NT$2.53 trillion.
Sham Foam Ltd launches ₹40.48cr IPO priced at ₹130
Sham Foam Ltd's ₹40.48 crore IPO opened for subscription, offering 31.14 lakh shares at ₹130 each, with proceeds aimed at expansion and corporate purposes.
Canara Bank and BoB raise MCLR, EMIs may rise
Canara Bank and Bank of Baroda have raised MCLR by up to 10 basis points, effective August 12, 2026, potentially increasing EMIs for borrowers with MCLR-linked loans.
Shreyans Jain criticizes Indian banks' caution versus US lenders
US-based entrepreneur Shreyans Jain criticized Indian banks for their cautious lending practices, arguing that limited credit access hinders India's global business growth.
OpenAI Meta Anthropic pour funds after 50% AI hacks rise
OpenAI, Meta, and Anthropic reported rogue AI incidents during security tests, prompting companies like JPMorgan to lead initiatives and increase cybersecurity investments.
Crypto.com launches tokenized derivatives for 1,500 US stocks and ETFs
Crypto.com has introduced tokenized derivatives tracking 1,500 U.S. equities and ETFs, offering synthetic exposure to stocks like Apple and Tesla for eligible users.
States sue Meta alleging apps designed to addict young users
Meta faces a landmark trial as U.S. states allege the company deliberately designed addictive features for children, drawing comparisons to Big Tobacco's historic reckoning.
G V Giri sees India's Nifty rising 20% to 30,000
G V Giri of IIFL Capital forecasts a 20% Nifty surge, citing improved earnings, India's evolving AI narrative, and neutralizing FII sentiment as key drivers for market growth.
N Chandrasekaran will not seek another Tata Sons chairmanship term
N Chandrasekaran has announced his resignation as Tata Sons chairman, opting not to seek reappointment after his term ends, amid internal disagreements with Tata Trusts leadership.
Uber rolls out Uber Bike to 100 new Indian cities
Uber is entering 100 additional Indian cities with its two-wheeler service, Uber Bike, intensifying competition with Rapido in the growing bike-taxi market.
Ola Electric wins 2-year PLI extension, could unlock 7240 cr
Ola Electric has secured a two-year extension for its cell-manufacturing milestones under the ACC PLI scheme, unlocking potential incentives of up to Rs 7,240 crore.
N Chandrasekaran to leave Tata Sons chairmanship in February 2027
N. Chandrasekaran, Chairman of Tata Sons, announced his resignation, stating he will not seek reappointment after his term ends in February 2027 amid board disagreements.
Rupee falls to 95.42 against US dollar amid oil worries
The rupee slipped 6 paise to 95.42 against the U.S. dollar on August 12, 2026, as Brent crude surged toward $90 per barrel, heightening supply concerns.
Cursor reportedly opening 1st India office amid $60B SpaceX acquisition
AI coding startup Cursor plans to establish its first physical office in India by December, following a threefold increase in its Indian user base to over 3 million developers.
DPIIT and MSME ministry sign deal to promote GI products
The DPIIT and MSME Ministry signed an MoU to boost India's Geographical Indication products through market expansion, quality enhancement, and global trade initiatives.
Bitcoin dips to about $63,740 ahead of US inflation report
Bitcoin struggles to stabilize below $64,300 amid macroeconomic uncertainties, as cautious crypto markets await the US CPI release and navigate subdued risk appetite.
Sensex down 541.12, Nifty down 168.20 amid Tata Sons shake-up
Sensex dropped 550 points, and Nifty hovered near 24,300 on August 12 due to elevated crude prices and Tata Sons chairman N Chandrasekaran's resignation impacting market sentiment.
Zepto Hoskote warehouse shut, Blinkit Malad West suspended over safety
Zepto's Bengaluru warehouse and Blinkit's Mumbai facility face regulatory action after inspections reveal unhygienic conditions and serious breaches of food safety standards.
World Bank approves ₹1,409 cr for Gurugram Phase 2 metro
The World Bank has approved a ₹1,409 crore loan for Gurugram Metro Phase 2, covering a 13km corridor with 14 stations. Tender evaluation is currently underway by GMRL officials.
Super Micro forecasts $65B-$72B fiscal 2027 revenue amid AI demand
Super Micro Computer anticipates fiscal 2027 revenue between $65 billion and $72 billion, driven by robust demand for AI-optimized servers amid growing data center investments.
DCB Bank leads FD rates with 7.50% and seniors 8.00%
Union Bank of India, DCB Bank, and Indian Bank have updated their fixed deposit rates. DCB Bank now offers the highest rate of 7.50% for general citizens and 8.05% for seniors.
Kospi rises 3.46% to highest since August 5 amid AI
South Korea's Kospi surged 3.46%, marking its third consecutive gain, as semiconductor stocks like Samsung Electronics and SK Hynix rallied on robust AI infrastructure demand.
Oracle preparing another round of layoffs to accelerate AI investment
Oracle plans further layoffs after reducing 21,000 jobs last year, as the company prioritizes billions in AI-driven cloud infrastructure expansion over workforce retention.
Avenues.ai posts strong quarter revenues ₹2,680.4cr profits ₹84.76cr, eyes ₹13,000cr
AvenuesAI reported a 45% year-on-year rise in Q1 PAT to Rs 84.76 crore, while focusing on Rediff, US payments expansion, and AI-driven innovations for future growth.
Sensex falls to 78,020.65 as Nifty dips to 24,415.60
Indian markets opened lower on Wednesday, with the Sensex dropping 133.60 points to 78,020.65 and Nifty slipping 56.10 points to 24,415.60 amid mixed global cues.
Norway's sovereign wealth fund buys 0.05% SpaceX stake worth $1.22bn
Norway’s $2.3 trillion sovereign wealth fund disclosed a 0.05% stake in SpaceX worth $1.22 billion, alongside major holdings in Nvidia, Apple, Alphabet, and Microsoft.
Blue Cloud shares surge after $150 million deal mistaken for SpaceX
Blue Cloud Softech Solutions' stock soared 30% as investors mistakenly linked its deal with Malaysia-based SpaceX International to Elon Musk's aerospace company.
Oracle set to lay off employees again this month: Report
Oracle is preparing for another round of layoffs this month, as part of its strategy to cut payroll costs.
TSMC approves $29.44 billion chip-making investment after 2-day board meeting
TSMC has greenlit a $29.44 billion capital budget to boost manufacturing capacity, driven by surging demand for AI, 5G, and high-performance computing technologies globally.
Ola Electric secures ACC PLI extension, eligible up to ₹7,240cr
Ola Electric has gained eligibility for up to Rs 7,240 crore in incentives under the ACC PLI scheme, with disbursements scheduled quarterly over five years starting next quarter.
Horizon Industrial Parks launches ₹2600cr IPO at ₹57-₹60 per share
Horizon Industrial Parks Limited has set its IPO price band at ₹57-₹60 per share, aiming to raise ₹2,600 crore through a fresh equity issue starting 17 August.
Shiprocket IPO opens with 31% GMP: Should you subscribe?
Shiprocket, one of India's leading e-commerce enablement platform, has opened its initial public offering (IPO) for subscription today.
Ambanis remain India's richest business family
India's leading family businesses have surpassed Saudi Arabia's gross domestic product (GDP) in terms of valuation, according to the 2026 Barclays Private Clients Hurun India Most Valuable Family Businesses list.
Tata shares down by 4% after Chandrasekaran resigns as chairman
Shares of Tata Group companies fell up to 4% today after N Chandrasekaran resigned as Chairman of Tata Sons.
N Chandrasekaran steps down as Tata Sons chairman
N Chandrasekaran has resigned as the chairman of Tata Sons, ending a nearly decade-long term.
Accenture asks staff to delay vacations amid sales push
Accenture has asked its employees to postpone their vacations and carry over unused leaves into the next financial year, a Bloomberg report said.
Oil prices near $90 as doubts over US-Iran deal grow
Oil prices witnessed a surge on Wednesday morning, amid fears of supply disruptions in the Middle East.
Manicule co-founder Shreyans Jain says Indian banks hinder startup growth
US-based entrepreneur Shreyans Jain criticized Indian banks for their risk-averse lending practices, contrasting them with the US system's borrower-friendly approach.
NVIDIA, Blackstone and partners plan $500 billion AI infrastructure fund
Six major US financial institutions join Nvidia's $500 billion AI infrastructure push, as the company addresses longstanding 'circular financing' concerns for the first time.
Jane Street swaps $5.6bn bonds for $14.6bn senior secured notes
Jane Street is repaying $5.5 billion in floating-rate loans as part of a broader restructuring of its $11 billion debt, including refinancing bonds with $14.6 billion in new notes.
Seaspan Benefactor paid $4 million to jump Panama Canal queue
A container ship, Seaspan Benefactor, paid a near-record $4 million in an auction to bypass the week-long Panama Canal queue amid Iran war-induced congestion.
Oil jumps as U.S.-Iran tensions and ship attacks lift prices
Oil prices climbed Wednesday as fading hopes for a US-Iran peace deal and attacks on ships in key Middle East shipping lanes heightened fears of supply disruptions.
SEBI mulls ISIN changes to ease corporate debt refinancing risks
SEBI's proposed changes to ISIN rules aim to reduce refinancing risks by allowing large bond issuers greater flexibility in spreading debt maturities across the financial year.
Asian stock markets mixed as investors await US inflation report
Asian stocks saw a mixed session, with South Korea's Kospi surging 2.44% intraday, while Japan's Nikkei 225 remained nearly flat, rising just 0.076% after a public holiday.
Asian markets mixed as Brent hits $89.10 amid U.S.-Iran talks
Asian markets displayed cautious optimism as crude oil prices rose slightly amid Middle East deal speculations, while technology stocks surged on upgraded forecasts.
India expected to unveil semiconductor mission 2.0, 30% capital subsidy
India Semiconductor Mission (ISM) 2.0 will provide a 30% capital subsidy and a five-year production-linked incentive to strengthen the domestic semiconductor ecosystem.
Accel launches 9th India-focused fund with $550 million for early-stage startups
Accel has launched its ninth India-focused fund with $550 million, targeting AI-driven startups, marking its quickest return to the market in 18 months.
India's telecom adopts AI automation while combined staff grows 19%
India's telecom sector is transitioning to a tech-driven model, with AI and automation reducing manpower needs as 5G rollouts conclude and hiring trends plateau.
Bollywood stars and cricketers buy pre IPO NSE shares
Bollywood icons and cricket legends are buying unlisted NSE shares, anticipating significant returns from one of India's largest upcoming stock-market listings later this year.
Sanjay Malhotra warns as RBI and SEBI boost defenses
RBI and Sebi are intensifying cybersecurity efforts, emphasizing governance and preparedness to combat rising AI-enabled threats and cyber fraud.
Elon Musk says AI may soon become SpaceX's revenue engine
Elon Musk predicts SpaceX's AI ventures could generate up to $500 billion in revenue by 2027, driven by advancements in compute power and satellite technology.
Asian stocks to open lower amid Gulf tensions, US CPI
Asian equities are set for losses as traders await key US inflation data and monitor escalating geopolitical tensions surrounding the US-Iran conflict.
Japanese yen dips below 160 per dollar, stoking intervention fears
The yen approached 160 per dollar, sparking concerns over potential intervention by Japanese authorities as wide US-Japan interest-rate gaps continue to pressure the currency.
Accel raises $550 million India fund amid $3.5B global push
Accel has raised an oversubscribed $550 million India-focused fund within weeks, just 19 months after its previous $650 million fund.
CFTC tells Kalshi to operate in New York despite suit
The CFTC invoked emergency authority to ensure Kalshi's prediction markets remain operational in New York, countering the state's lawsuit alleging violations of gambling laws.
Chicago Fed's Austan Goolsbee says inflation still stresses US economy
Chicago Fed President Austan Goolsbee emphasized inflation as the economy's top challenge, hinting at support for potential rate hikes amid stable labor market conditions.
India's IT-BPM industry to hire under 70,000 in H1 FY27
India's IT-BPM sector anticipates a 26% drop in net workforce additions for H1 FY27, driven by AI adoption, flexible staffing models, and macroeconomic uncertainties.
Manus returns to independence after Chinese regulators undo Meta acquisition
AI startup Manus announced it will resume independent operations following its separation from Meta, with certain user data set for deletion to meet regulatory requirements.
Netradyne raised $90 million, became unicorn with AI fleet safety focus
Netradyne, a Bengaluru-San Diego startup, rejected autonomous driving to focus on edge-AI-powered fleet safety, achieving unicorn status with a $1.34 billion valuation in 2025.
Gold slips 0.3% after 2 month high amid Fed uncertainty
Gold prices dipped 0.3% on Tuesday, hovering near a two-month high as investors anticipated U.S. inflation figures to gauge the Federal Reserve's monetary policy outlook.
Phuket-Delhi flight mishap: Air India pilot tests positive for marijuana
The pilot-in-command of an Air India flight that experienced sudden altitude drop, injuring 17 people, has tested positive for marijuana, as per The Indian Express.
Will BRICS countries link their payment systems?
The BRICS group of nations is considering the integration of their fast payment systems and central bank digital currencies (CBDCs).
TCS, Google to set up Gemini Experience Center in Mexico
Tata Consultancy Services (TCS) and Google Cloud have announced the establishment of a new Gemini Experience Center (GEC) in Mexico City.
TSMC, Sony invest $4.7B to build next-gen smartphone cameras
Taiwanese semiconductor giant TSMC and Japanese tech conglomerate Sony have announced a joint venture worth $4.69 billion.
Igor Babuschkin's River AI raises $1.1B to build personal agents
River AI, a full-stack artificial intelligence (AI) company founded by xAI co-founder Igor Babuschkin, has raised $1.1 billion in funding.
Vijay Singh quits Sir Ratan Tata Trust before term end
Vijay Singh, the Vice-Chairman of Tata Trusts, has resigned as a trustee of the Sir Ratan Tata Trust (SRTT) before the end of his current term on August 14.
Government summons Air India CEO over Phuket-Delhi flight's altitude loss
The Ministry of Civil Aviation has summoned Air India's outgoing Chief Executive Officer, Campbell Wilson, after the airline's Phuket-Delhi flight suddenly lost about 300 feet of altitude on August 4.
BSE replaces Wipro in Nifty 50: What changes for investors?
NSE has announced major changes to its indices as part of a semi-annual review.
Centre approves trials of ₹10, ₹20 polymer notes
The Indian government has approved a proposal to conduct field trials of one billion polymer banknotes each in the denominations of ₹10 and ₹20.
India is world's sixth-largest economy at $3.92 trillion
India has officially become the world's sixth-largest economy, with a nominal Gross Domestic Product (GDP) of $3.92 trillion in FY26.
L&T wants to make rare-earth magnets in India
Larsen & Toubro (L&T) is planning to enter the rare-earth magnet manufacturing sector in India.
Vi shares jump 3% as Q1 loss shrinks 43%
Vodafone Idea's shares jumped by 3% on Tuesday after the company reported a narrower loss for the June quarter.
Milky Mist IPO opens with 15% GMP: Apply or avoid?
Milky Mist Dairy Food Ltd, a prominent player in the packaged food sector, has launched its initial public offering (IPO) today.
Gold prices hit 10-week high: What's driving the rally?
Gold prices have continued their upward trend on Tuesday, marking a third consecutive session of gains.
Why NYC mayor Zohran Mamdani and Amazon are at odds
New York City Mayor Zohran Mamdani has endorsed the Delivery Protection Act, a controversial legislation that would require Amazon and other major delivery companies to directly employ thousands of drivers.
Why license of Blinkit warehouse in Mumbai has been suspended
The Food and Drug Administration (FDA) has suspended the food license of Blinkit's Malad West warehouse in Mumbai.
Why Meta, Google, Snapchat are staring at thousands of lawsuits
A US appeals court has allowed thousands of lawsuits against social media giants Meta, Google, TikTok, and Snapchat to proceed.
Dhoot Transmission IPO: Does 30% GMP make it a buy?
The initial public offering (IPO) of Dhoot Transmission, worth ₹3,066.89 crore, has entered its second day of bidding today.
Will Centre raise minimum pension from ₹1,000 to ₹7,500?
The Employees's Pension Scheme (EPS) has been a major source of financial support for pensioners in India.
How RBI is helping banks combat digital payment fraud
The Reserve Bank of India (RBI) has announced a new initiative to help banks combat digital payment fraud.
Why India's exports to US and Europe are becoming costlier
Indian exporters are facing a major spike in freight costs, with shipping charges on almost all major routes rising sharply.
Boeing has sold its electric air taxi business
Boeing has announced the sale of three of its electric vertical takeoff and landing (eVTOL) subsidiaries to Archer Aviation.
Google co-founder spends over $100M fighting California's billionaire tax proposal
Google co-founder Sergey Brin has spent over $100 million fighting California's proposed billionaire tax, according to a recent filing.
Top Indian private banks eye $3B in dollar loans
India's leading private banks, including HDFC Bank, are looking to raise up to $3 billion through dollar bonds or loans.
OpenAI completes $7B secondary share sale at $852B valuation
OpenAI has successfully completed a secondary share sale worth around $7 billion, granting past and present employees the opportunity to cash out equity based on an $852 billion valuation.
Australia delays world's first work-from-home law
Australia's Victoria state has postponed the implementation of a landmark law that would have given eligible workers a legal right to work from home for two days a week.
Utilities, courier, logistics providers can now use 1601 number series
India's telecom regulatory authority, TRAI, has expanded the use of the 1600-number series beyond banking and financial services.
Parliament clears taxation amendment bill: How it affects you?
Finance Minister Nirmala Sitharaman has clarified that the Unified Payments Interface (UPI) will continue to remain free for consumers.
South Korea announces $3.5B fund to boost its chip industry
South Korea has announced a massive 5 trillion won ($3.52 billion) semiconductor fund to boost its chip industry.
Jeff Bezos is buying a stake in Liverpool FC
Amazon founder Jeff Bezos is close to finalizing a deal to acquire a one-third stake in Liverpool Football Club.
DLF sells Gurugram penthouse to Manav Sardana for ₹271cr
Real estate giant DLF has sold a penthouse at its luxury housing project 'The Dahlias' in Gurugram for ₹271 crore.
Why Tukaram Mundhe-led Maharashtra FDA is digitizing milk supply chain
Maharashtra's Food and Drug Administration (FDA), under Commissioner Tukaram Mundhe, is spearheading a major digitization initiative to trace milk from farms to consumers.
US sanctions bill unlikely to sway India's Russian crude purchases
India is unlikely to reduce its crude oil imports from Russia in the near future, despite the recent US Senate sanctions bill.
This investor's ₹360cr Paytm bet is now worth ₹1,225cr
Ace investor Akash Bhansali has made a killing with his investment in fintech company Paytm.
India, Chile near trade deal with critical minerals in focus
India and Chile are nearing the final stages of a trade agreement, with commerce secretary Rajesh Agrawal likely to visit the South American nation this month.
Taiwan to boost defense spending amid rising Chinese military threats
Taiwan is gearing up to increase its defense budget by 16% next year, taking the total expenditure above T$1.1 trillion (around $31 billion).
Apple Pay to launch in India by October
Apple is gearing up to launch its digital payments service, Apple Pay, in India by October, as per a Business Standard report.
Modi government says airport operators can invest in airlines
The Indian government has clarified that there is no policy preventing major airport operators from holding significant equity in or running scheduled airlines.
Modi government raises ₹45,306cr via disinvestment, asset monetization in FY26
The Indian government has raised a whopping ₹45,306 crore through disinvestment and asset monetization in the fiscal year 2025-26.