Business News
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Tata Steel to invest ₹20,000cr in FY27, a 38% rise
Tata Steel plans to invest ₹20,000 crore in FY27, focusing on capacity expansion in India and adopting advanced technologies to drive growth and sustainability across operations.
Michelle Turner's Here Now Health scales Medicaid counseling with AI
Here Now Health, a mental health platform for foster children, leveraged AI tools to accelerate its launch and secure funding, enabling rapid growth and success.
Microsoft EU report shows profits routed to Ireland and Luxembourg
Microsoft's compliance report unveils how the tech giant shifts profits to low-tax jurisdictions like Ireland and Luxembourg, significantly reducing its global tax liabilities.
India launches Samudra Manthan opening 250,000 square kilometers for bidding
India is intensifying domestic crude exploration, unveiling 250,000 square kilometers for bidding under the 'Samudra Manthan' initiative to counter energy supply disruptions.
Nifty 50 shows stability amid AI driven global market volatility
Global investors are turning to Indian equities as a safe haven, drawn by their stability and limited exposure to the volatile AI-driven market trends dominating other regions.
New postharvest technologies boost India's fresh produce supply chain efficiency
India's fragmented fresh produce supply chain is undergoing transformation, with technology driving advancements in quality, traceability, and efficiency.
Cooling AI interest brings global attention back to Indian stocks
Indian equities are drawing global attention as easing commodity prices and stable inflation boost prospects, while the AI-driven rally in other markets slows.
OPEC+ expected to approve 188,000 barrels a day August increase
Seven OPEC+ nations, including Saudi Arabia and Russia, are expected to increase oil production quotas for August as Middle East tensions ease and shipping normalizes.
Maersk orders 1,000 containers from India marking Atmanirbhar Bharat milestone
Global shipping leader Maersk has placed a new order for 1,000 India-manufactured EXIM containers, marking a significant boost to India's container manufacturing ecosystem.
Capgemini daycare abuse case: Whistleblower arrested for tampering with evidence
The whistleblower in the alleged abuse case at a Capgemini daycare center in Bengaluru has been arrested.
India to conclude FTAs with Canada, Mexico, Brazil by 2026-end
India is planning to conclude free trade agreement (FTA) negotiations with Canada, Mexico, and Brazil within the next six months.
India-Peru FTA unlikely to be finalized soon: Piyush Goyal
Commerce and Industry Minister Piyush Goyal has said that the proposed free trade agreement (FTA) between India and Peru is unlikely to be finalized anytime soon.
This company will lead India's IPO calendar next week
The primary market is gearing up for a major event next week, with Kusumgar leading the charge.
India's bilateral investment agreement with Israel is now effective
The India-Israel Bilateral Investment Agreement (BIA) has officially come into effect today, July 4.
Akasa Air fleet hits 40 aircraft with Boeing 737 MAX
Akasa Air, India's newest budget airline, has welcomed its 40th aircraft into the fleet. The new addition is a Boeing 737 MAX 8-200 model.
Karnataka HC refuses to stay gig workers' welfare act
The Karnataka High Court has refused to stay the implementation of the Karnataka Platform-Based Gig Workers (Social Security and Welfare) Act, 2025.
EPFO portal revamped: UAN activation now available only on app
The Employees' Provident Fund Organisation (EPFO) has revamped its Unified Member Portal after a week-long scheduled upgrade. The overhaul includes a new look and several changes to member services.
Square Yards eyes ₹3,000cr revenue, plans IPO in 12-18 months
Proptech platform Square Yards is targeting a revenue of nearly ₹3,000 crore for the current financial year. The company also plans to go public within the next 12-18 months.
India's middle class set to drive 93% of consumer spending
India's burgeoning middle class is set to be the country's biggest economic driver in the coming decade, Finance Minister Nirmala Sitharaman said on Friday.
NVIDIA introduces revenue-sharing model to boost AI hardware access
NVIDIA, the leading player in the artificial intelligence (AI) industry, has announced a new revenue-sharing model.
India to contest proposed 12.5% US tariffs on exports
India is gearing up to contest the proposed 12.5% tariffs on its exports by the US Trade Representative (USTR).
Manipal Health Enterprises gets SEBI nod for IPO
Manipal Health Enterprises, a leading hospital chain backed by Singapore's Temasek, has received approval from the Securities and Exchange Board of India (SEBI) for its upcoming initial public offering (IPO), according to Reuters.
RBI fines Bank of Baroda ₹64L for breaching regulatory guidelines
The Reserve Bank of India (RBI) has slapped a hefty fine on Bank of Baroda and GIC Housing Finance for regulatory violations.
Red Bull, Sting can't be marketed as 'energy drinks': FSSAI
The Food Safety and Standards Authority of India (FSSAI) has issued notices to six beverage brands for using the term "energy drink" and making misleading claims.
Will Musk donate SpaceX shares to 'Trump Accounts?'
President Donald Trump has expressed optimism that tech mogul Elon Musk will contribute SpaceX shares to the "Trump Accounts" initiative.
India's forex reserves have fallen to $666.93B
India's foreign exchange (forex) reserves have witnessed a significant drop of $5.654 billion.
Manappuram Finance CEO resigns, to continue till December
Deepak Reddy, the Chief Executive Officer (CEO) of Manappuram Finance Ltd, has resigned from his position.
SBI Funds to raise $1.2B via IPO at $12.1B valuation
SBI Funds Management, India's largest asset manager, is gearing up to launch its initial public offering (IPO) in the week starting July 13.
YES Bank's loans, advances jump over 18% in Q1 FY27
Private sector lender YES Bank has reported an impressive growth in its loans and advances for the first quarter of FY27.
HDFC Bank's Q1 update: Loan, deposits see 15% YoY growth
HDFC Bank has posted impressive financial results for the first quarter of FY27.
Why Sri Lanka is now upper-middle-income economy but India isn't
The World Bank has upgraded Sri Lanka, Vietnam, and the Philippines to upper-middle-income status in its latest country income classification. The move recognizes their economic progress after years of growth and recovery.
Smartphone financing to account for 42% of sales in India
Smartphone financing is set to dominate in India, accounting for 42% of all sales this year.
Centre plans ₹20,000cr EV incentive scheme for private buses
The Indian government is planning a new incentive scheme to promote the adoption of electric busses (e-busses) by private operators.
EPFO to settle eligible PF withdrawal claims within 3 days
The Employees' Provident Fund Organisation (EPFO) has introduced a new system to settle eligible provident fund (PF) withdrawal claims within three days.
Boeing's air taxi firm sued over discrimination, safety concerns
Wisk Aero, the electric air taxi company owned by Boeing, has been sued by a former employee.
IRDAI weighs commission overhaul to curb insurance mis-selling
The Insurance Regulatory and Development Authority of India (IRDAI) is mulling a major overhaul in the way distributors are compensated.
Could Fed's rate hike spoil Dalal Street's rally?
The recent softer-than-expected jobs data in the US has led to fluctuating expectations for interest rate hikes this year.
French firms invited to invest in India's AI, clean-energy sectors
Union Finance Minister Nirmala Sitharaman has invited French businesses and investors to explore the vast opportunities India offers in artificial intelligence (AI), clean energy, healthcare, digital infrastructure, and financial services.
US remains India's largest LPG supplier in June
The United States has retained its position as the top supplier of liquefied petroleum gas (LPG) to India for the month of June.
HCL Tech shares soar 6% after $1B AI deal
HCL Technologies has witnessed a major spike in its share price, rising as much as 6% to an intraday high of ₹1,139 on the BSE today.
Air India Express restores all West Asia flights
Air India Express has announced the resumption of its West Asia flight services, including routes to Salalah in Oman and Kuwait.
EPFO portal is back but passbook remains unavailable
The Employees' Provident Fund Organisation (EPFO) has restored most of its online member services after a planned system migration and database consolidation exercise.
India's services growth hits 17-month low in June
India's services sector, a major contributor to the country's economy, witnessed its slowest growth in 17 months during June.
Prosser denies Apple trade secret theft, blames Ramacciotti in response
Popular YouTuber Jon Prosser has responded to Apple's lawsuit against him and his acquaintance, Michael Ramacciotti, after receiving a second chance to formally respond.
Gold, silver jump 3%. Here's what's driving the rally
Gold and silver prices have witnessed a spike of up to 3% in international markets on Friday.
Sensex surges 650 points: What's behind today's rally?
The Indian stock market witnessed another rally today, with the Sensex and Nifty rising by over 0.8% each.
Google loses final appeal against EU's $4.7B antitrust fine
Google has lost a major legal battle against a €4.1 billion ($4.7 billion) European Union antitrust fine.
When can customers expect petrol/diesel price reduction? Hardeep Puri answers
Union Petroleum Minister Hardeep Singh Puri has said that consumers shouldn't expect an immediate reduction in petrol and diesel prices even as global crude oil prices have fallen to around $70 a barrel.
Oil firms lost ₹74,781cr amid Middle East conflict: Hardeep Puri
State-owned oil marketing companies (OMCs) suffered losses of almost ₹74,781 crore between April and June due to rising global crude oil prices amid the Middle East conflict.
Parle-G, Melody maker plans $1B IPO at over $10B valuation
Parle Products, the company behind iconic Indian brands like Parle-G, KrackJack, Monaco, Mango Bite, and Melody is planning a major initial public offering (IPO) next year.
Why SpiceJet has cut 44% of its flights
SpiceJet has announced a major reduction in its flight schedule for July, cutting down the number of flights by a whopping 44% as compared to April.
Japan's yen hits 40-year low. Here's why it matters
The Japanese yen has hit a 40-year low, falling to its weakest level against the US dollar in 40 years.
Why Domino's is giving away $1M worth of free pizzas
US striker Folarin Balogun's red card during the FIFA World Cup match against Bosnia and Herzegovina has activated a $1 million pizza giveaway by Domino's.
EPFO online services to remain unavailable until July 3
The Employees' Provident Fund Organization (EPFO) has announced yet another extension of the outage for its online services.
Flipkart names new Senior VP for supply chain technology
Flipkart has appointed Vinay Vaidya as its new Senior Vice President of Technology for the supply chain.
Employee resigns after being asked to attend his wedding virtually
An employee has resigned from his job after his boss asked him to attend his own wedding via Google Meet.
AWS CEO slams replacing entry-level tech jobs with AI
Amazon Web Services (AWS) CEO Matt Garman has strongly opposed the idea of using artificial intelligence (AI) to replace entry-level technology jobs.
Ratan Tata's confidant Mehli Mistry resigns from family office
Mehli Mistry, a long-time associate of the Tata Group and confidant of the late Ratan Tata, has resigned from his position on the board of RNT Associates, the family office that managed Ratan Tata's personal investments.
Coca-Cola plans $1B IPO of Indian bottling arm
Coca-Cola is planning to raise around $1 billion (approximately ₹9,500 crore) through an initial public offering (IPO) of its Indian bottling arm, Hindustan Coca-Cola Beverages, according to Bloomberg.
Japan to finance India's power grid under new initiative
Japan has agreed to finance India's power grid with up to $492 million. The funding comes under the first project of its new POWERR Asia initiative, according to Nikkei Asia.
Zoho chief heads to Japan for new cross-border rural mission
Sridhar Vembu, the founder of Zoho, has announced a new mission to connect rural Indian and Japanese businesses.
Samsung announces $90B investment for chips, batteries and displays
Samsung has announced a massive investment of 140 trillion won ($90 billion) in South Korea's central Chungcheong province.