Business News
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Jio Platforms shifts from telecom to global tech contender
Jio Platforms is transforming from a telecom giant to a global tech leader, focusing on 5G, AI, and cloud infrastructure to create innovative products for international markets.
Piyush Goyal in New York discusses insurance and tech investments
Union Minister Piyush Goyal met leaders from insurance, technology, and investment sectors in New York, urging them to explore growth opportunities in India's expanding markets.
World Bank raises India growth forecast to 7.1% for 2026-27
The World Bank has increased India's FY27 growth forecast to 7.1%, citing strong domestic demand, while highlighting that AI adoption in India significantly lags behind the US.
Nomura maintains Buy on Nykaa, cites high 20s BPC growth
Nomura maintains its 'Buy' rating on Nykaa, citing strong revenue growth driven by robust Beauty & Personal Care momentum and accelerating fashion sales.
Vishal Nirmiti IPO allotment finalized today for ₹178-cr issue
The Vishal Nirmiti IPO allotment is set to be finalized today, October 6. Investors can check their status on BSE, NSE, or through the registrar MUFG Intime India.
China's DeepSeek nears $12B funding ahead of early 2027 IPO
DeepSeek is set to secure over 80 billion yuan ($12 billion) in its latest funding round, with major contributions from Tencent and CATL, ahead of a 2027 IPO.
India services grow, quarter records slowest pace since early 2022
India's services sector expanded at its fastest pace in three months in September, with the PMI rising to 55.2, despite quarterly growth being the weakest since early 2022.
Rentomojo stock rises 6% as Q1 revenue hits 126cr
Rentomojo shares jumped 6% on the BSE after reporting a 51% rise in Q1 revenue and a 72% year-on-year growth in normalised profit after tax.
October 6 Union Cabinet to review ₹10,000cr SME growth fund
The Union Cabinet is set to review a ₹10,000 crore SME Growth Fund and a proposal for an Integrated Transport and Logistics Authority to enhance infrastructure planning.
Kotak Mahindra Bank launches IIT AI workshops for SME promoters
Kotak Mahindra Bank partners with IITs to offer immersive workshops, helping SME promoters integrate AI into their business strategies for future growth and transformation.
Bitcoin near $85,000 to $86,000, Ethereum $2,700 amid rising yields
Bitcoin remains under pressure, trading around $85,000–$86,000 as investors consider rising US Treasury yields and expectations of a less hawkish Federal Reserve.
Reliance sues India's food safety regulator over Campa 'energy' labeling
Reliance Industries is appealing an Indian court decision that prohibits marketing its Campa beverages as "energy drinks" due to high caffeine levels and associated health risks.
Kotak Mahindra Bank shares jump nearly 4% after provisional update
Kotak Mahindra Bank shares rose nearly 4% after reporting a 24.7% YoY increase in net advances and a 23.2% rise in total deposits for Q2 ending September 30, 2026.
World Bank: AI exports drive East Asia Pacific 4.5% growth
The World Bank raised its 2026 growth forecast for East Asia and the Pacific to 4.5%, cautioning that heavy reliance on AI-related exports poses significant economic risks.
South Korea's KOSPI down 0.49% as Samsung Electronics earnings eyed
South Korean shares fell post-holiday, with the KOSPI down 0.49% as chipmakers like Samsung and SK Hynix weakened ahead of upcoming earnings reports.
Sensex rises 200.43 points to 72,582.90 on banking, global cues
The Sensex rose by 200 points, while the Nifty surpassed 22,600, driven by strong performances in bank shares and positive global market cues.
Indian markets remain positive 2nd day as Sensex hits 72,508
Sensex rose over 100 points, while Nifty surpassed 22,600 as Indian equities continued their recovery. Analysts advise caution due to ongoing FII selling and potential rate hikes.
Foreign investors pull funds from India over oil import dependence
Foreign investors are cautious about India due to high oil prices and dependency, impacting emerging market allocations, according to EPFR Global's Cameron Brandt.
Rupee falls to ₹96.41 against US dollar amid oil, yields
The Indian rupee weakened to 96.41 against the US dollar after opening flat at 96.31, with RBI intervention expected to manage volatility amid persistent external pressures.
Shah Investor's Home could list at ₹184 after ₹90.17cr IPO
Shah Investor's Home shares are set to debut on the BSE and NSE today, with a grey market premium suggesting a potential 10% listing gain over the issue price.
SPF launches DeepVerse with 30 investors to support Indian deeptech
The Startup Policy Forum has launched DeepVerse, a deeptech policy platform, with 30 investors and founders collaborating to address challenges in 10 key sectors.
Sam Altman willing to partner with Elon Musk despite tensions
Sam Altman has labeled Elon Musk a "bully" but remains open to future collaboration despite their public disputes and legal battles.
Stockholm economist Erik Berglof sees India reaching 8% growth
India can achieve 7-8% growth despite global challenges, leveraging AI and strong economic fundamentals, according to Erik Berglof of the Stockholm School of Economics.
DOE announces conditional up to $4.2B commitment for Vistra reactors
The US Department of Energy has announced a conditional loan commitment of up to $4.2 billion for nuclear power plant upgrades in Pennsylvania and Ohio.
HyFun Foods readies ₹2,000cr IPO to boost domestic production
HyFun Foods aims to raise 20 billion rupees through an IPO by late 2028, driven by increasing local demand and expansion in the frozen food market.
Jane Street appeals SEBI's ₹48.4 billion Nifty Bank index seizure
Jane Street Group LLC is contesting allegations of market manipulation by India's securities regulator, SEBI, after previous reviews cleared the firm of wrongdoing.
Oolka close to raising $45 million from Bessemer and Prosus
Oolka, an AI-driven credit management platform, is negotiating a $45 million funding round led by Bessemer Venture Partners and Prosus, alongside existing investors.
Alphabet to buy nuclear power for AI from Constellation Energy
Alphabet is close to a $1 billion deal with Constellation Energy for nuclear power, driven by AI's rising electricity demands.
SRIT India IPO to debut on BSE and NSE today
SRIT India shares are set to debut on the BSE and NSE today, with a grey market premium indicating a 42% gain over the issue price.
HDFC Bank names Anup Bagchi MD and CEO, brokers optimistic
Brokerages project a 25-74% upside for HDFC Bank following Anup Bagchi's appointment as CEO, citing potential renewed investor confidence and strategic leadership as key factors.
Accenture leans into AI, CEO Julie Sweet cites 400-plus clients
Accenture CEO Julie Sweet emphasizes that AI efficiencies enhance client value and drive growth, positioning the technology as a structural advantage rather than a business threat.
Commodity markets mixed as oil slips and gold steadies
Oil prices declined due to increased Middle Eastern exports and a G7 stockpile release, while gold remained stable amid a stronger dollar and interest-rate uncertainty.
Piyush Goyal ends US trip seeking investment and partnerships
Commerce and Industry Minister Piyush Goyal met with executives from Blackstone and Estée Lauder in New York to discuss expanding investments and manufacturing operations in India.
Sauce's Manu Chandra sees investor exits and acquisitions in India
Manu Chandra anticipates larger investor exits in India's consumer brands, while physical AI startups discuss forming an industry body to establish data-collection standards.
Air India Group to combine HR finance IT and engineering
Air India Group is exploring a proposal to integrate key departments of Air India and Air India Express to streamline operations and reduce costs.
ET AI Awards 2027 highlight business AI innovation and impact
As AI becomes integral to business strategy, the ET AI Awards 2027 provide a platform for Indian organizations to showcase impactful innovations and gain industry recognition.
Pinterest names Amazon veteran James Dibbo as CFO October 26
Pinterest has appointed James Dibbo, an Amazon veteran who led finance for Ads, Prime Video, and MGM Studios, as its new Chief Financial Officer effective October 26.
OpenAI seeks UAE $10B in $30B fundraising to delay IPO
OpenAI is in discussions with UAE investment funds, including MGX, to secure up to $10 billion as part of a $30 billion financing round, with BlackRock also in talks.
HFCL stock tripled on fiber and defense, targets 40% FY27
HFCL's stock has tripled in six months, driven by strong growth in optical fibre cables and defence electronics, with a projected 40% revenue increase for FY27.
India prepares new ₹6,000-7,000 cr PLI scheme for telecom manufacturing
India is planning a new PLI scheme worth ₹6,000-₹7,000 crore to enhance telecom component manufacturing and strengthen domestic supply chains beyond final product assembly.
Dow recovers 90 points October 5 as AI stocks surge
The Dow Jones surged over 400 points from its lows to close with a 90-point gain, while the Nasdaq hit new records as investors overlooked rising bond yields.
Nokia CEO Hotard: memory chips, energy shortages slow AI builds
Nokia CEO Justin Hotard stated that data centers could be constructed twice as fast without current supply constraints, highlighting the ongoing demand for AI infrastructure.
Supreme Court finds Trump-era tariffs illegal, prompting Amazon $600 million refund
Amazon will distribute part of its $600 million tariff refund to customers who were charged import duties on purchases made directly from the company.
SpaceX shares jump almost 8% restoring Elon Musk's trillionaire status
SpaceX shares surged nearly 8% on Monday, marking their highest level since June and propelling CEO Elon Musk back to trillionaire status.
Nasdaq hits record as weak US jobs and oil slide
The Nasdaq reached a record high close, driven by gains in Nvidia and Microsoft, as investors focused on declining oil prices and anticipated strong quarterly earnings reports.
Trentar to invest ₹30,000cr in 500-MW Maharashtra data center park
Trentar Private Limited, part of Dorf Ketal Chemicals, plans to invest ₹30,000 crore in a 500 MW green data centre park in Maharashtra.
Menlo Ventures invests in factory to automate software development
Menlo Ventures announced its investment in Factory, a startup automating the software development lifecycle, which already serves major enterprises like Nvidia and Blackstone.
PwC combines Indian consulting and US India advisory, 40,000 people
PwC US CEO Paul Griggs emphasizes the transformative role of AI in their India venture, highlighting the synergy between advanced technology and human expertise.
Morgan Stanley says NVIDIA and Broadcom set for solid 2027
Morgan Stanley reports that Nvidia and Broadcom remain insulated from the US data-center power crunch, though delays in AI deployments could impact secondary chip component makers.
US Treasury yields reach highest since 2002 amid growth, inflation
Longer-dated Treasury yields surged to their highest levels since 2002, driven by economic expansion and inflation concerns amid ongoing bond-market volatility.
CFTC proposes federal opt-in framework for retail leveraged crypto exchanges
The US CFTC has proposed a federal framework for cryptocurrency exchanges offering leveraged trading, following Congress's failure to advance comprehensive crypto regulation.
Flipkart invests in TravClan to enhance international travel offerings
Flipkart, a leading e-commerce giant in India, has picked up a minority stake in TravClan, a B2B travel technology platform.
Why HDFC Bank stock fell over 2% after CEO appointment
HDFC Bank's shares fell by over 2% on Monday, despite the announcement of Anup Bagchi as the new CEO.
Your mobile bill may rise 12-15% in coming months: Report
India's telecom sector is likely to witness a tariff hike of 12-15% in the next four to five months.
Oil inventories could take 2 years to replenish, warns Aramco
Saudi Aramco's CEO Amin Nasser has warned that it might take as long as two years to replenish global oil inventories.
FD encashment cannot be taxed as fresh deposit: ITAT
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has ruled that encashing a fixed deposit (FD) cannot be taxed again as an unexplained bank deposit.
Don't trust finfluencers blindly, warns SEBI chief
Tuhin Kanta Pandey, the chairman of the Securities and Exchange Board of India (SEBI), has warned investors against the risks posed by 'finfluencers' and exaggerated return claims.
Why an expert is asking Modi to 'save Indian mica'
Raoul Prem Menon, a scientific mica expert associated with the Bureau of Indian Standards's ETD 02 committee, has sounded an alarm over India's mica exports.
Foxconn's Q3 revenue jumps 47% on AI server demand
Foxconn has reported a massive 47% year-on-year (YoY) jump in its third-quarter revenue.
83% of merchants unwilling to absorb new UPI-MDR charge: Survey
A recent survey by LocalCircles has revealed that a whopping 83% of merchants are not ready to absorb the new Merchant Discount Rate (MDR) for Unified Payments Interface (UPI) transactions.
UK may impose tariffs on Chinese EVs amid EU pressure
The United Kingdom is considering imposing tariffs on Chinese electric vehicles (EVs) as it struggles to balance the interests of its domestic car industry and access to the European Union (EU) market.
Flying IndiGo gets costlier from October 6
IndiGo has announced a hike in fuel charges for its domestic and international flights. The revised rates will come into effect from October 6.
RBI MPC begins: Is first rate hike since 2023 coming?
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has begun a three-day meeting today.
Euro hits 17-month low
The euro has plummeted to a 17-month low, amid fears over France's fiscal health and a major sell-off in its bond market.
Snapdeal parent AceVector lists at 11.5% discount
AceVector Ltd., the parent company of e-commerce platform Snapdeal, has made a lackluster debut on the Indian stock market.
Orient Cables lists at ₹450, 65% above IPO price
Orient Cables made a strong debut on the National Stock Exchange(NSE) today, with its shares listing at ₹450 each. This is a 65.44% premium over its initial public offering (IPO) price of ₹272 per share.
Oil prices drop as Middle East crude exports rise
Oil prices fell on Monday, with Brent crude futures dropping by $0.7 to $101.60 a barrel and US West Texas Intermediate crude declining by $0.9 to $90.15 a barrel.
Change.org invests $100M to revamp petitions platform with AI
Change.org, the popular online petition platform, has announced a major investment of around $100 million. The money will be used to revamp its core petitions platform using artificial intelligence (AI).
India-US trade talks have hit a plateau, says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has said that the ongoing trade negotiations between India and the US have hit a plateau.
Saudi Arabia cuts oil price for Asia to 6-year low
Saudi Arabia has announced a major cut in the price of its benchmark oil grade, Arab Light crude, to Asia.
Gold prices rise on reduced Fed rate hike expectations
Gold prices witnessed a slight uptick in early Asian trading on Monday as weak US job growth figures for September have significantly reduced the chances of an interest rate hike by the Federal Reserve in October.
Anthropic eyes November IPO at $2 trillion valuation
Anthropic, the artificial intelligence company behind Claude, is gearing up for its initial public offering (IPO) as early as the week of November 9. The move could see it trading before Thanksgiving.
Sensex, Nifty rebound after longest losing streak in 25 years
India's benchmark indices, the Sensex and Nifty, opened on a positive note today. The upward movement comes after their longest weekly losing streak in 25 years.
OPEC+ likely to keep production quotas unchanged for November
The Organization of the Petroleum Exporting Countries (OPEC) and its allies are likely to keep oil production quotas unchanged for November.
YES Bank's Q2 update: Loans up 24% to ₹3L crore
Private lender YES Bank has reported a significant growth in its loan book and deposits for the second quarter of FY2026.
Will RBI hike repo rate on October 7?
The Reserve Bank of India's (RBI) six-member Monetary Policy Committee (MPC) will meet from October 5 to 7.
India, Canada to begin 5th round of CEPA talks tomorrow
India and Canada will start the fifth round of negotiations for their proposed Comprehensive Economic Partnership Agreement (CEPA) in Ottawa from tomorrow.
Lockheed Martin might expand Indian operations but there's a catch
Lockheed Martin, the aerospace giant, has expressed its intention to expand production capabilities in India.
Nestle's low-fat dairy whitener is 'unsafe' and 'substandard': FSSAI
The Food Safety and Standards Authority of India (FSSAI) has flagged a sample of Nestle's low-fat dairy whitener as "unsafe" and "substandard."
How Canon plans to help chip manufacturers in India
Japanese imaging and optical major Canon is planning to establish technology and service centers in India.
AWS won't use NDAs while dealing with government agencies anymore
Amazon Web Services (AWS) CEO Matt Garman has announced that the company will no longer use nondisclosure agreements (NDAs) in its negotiations with government agencies for new data centers.
IPO-bound Nscale appoints Meta veteran as operations chief
Nscale, an artificial intelligence (AI) infrastructure firm, has appointed Justin Osofsky as its new Chief Operating Officer (COO).
Foreign investors pull out ₹35,000cr from Indian equities in September
Foreign portfolio investors (FPIs) have pulled out over ₹35,000 crore from Indian equities in September.
Nayara Energy hikes petrol price by ₹5, diesel by ₹3
India's leading private fuel retailer, Nayara Energy, has announced a hike in the prices of petrol and diesel.
Jio Platforms IPO may launch on October 21
Jio Platforms, the digital arm of Reliance Industries, is gearing up for its much-anticipated initial public offering (IPO).
AI valuation correction may redirect more capital toward India: RBI
Sanjay Malhotra, the Reserve Bank of India (RBI) governor, has warned that a slowdown in the global artificial intelligence (AI) investment cycle could lead to sharp asset repricing and volatility in financial markets.
ICICI Life Insurance appoints new CEO
ICICI Life Insurance Company has announced the appointment of Sidharatha Mishra as its new Managing Director and Chief Executive Officer (CEO).
UPI transactions soar to 145B in H1 FY27
The National Payments Corporation of India (NPCI) has reported a massive jump in Unified Payments Interface (UPI) transactions.
OpenAI's head of safety systems resigns
David Robinson, the head of Safety Systems at OpenAI, has resigned from his position.
Jensen Huang becomes world's 7th-richest person as NVIDIA hits record-high
Jensen Huang, the co-founder and CEO of NVIDIA Corp. has seen his net worth surpass the $200 billion mark.
NVIDIA nears historic $6 trillion market valuation milestone
NVIDIA Corporation's shares reached an intraday high for the first time since May, before paring those gains and closing just shy of a record.