Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
SPJIMR and Great Learning launch executive AI programs for leaders
SPJIMR and Great Learning have partnered to introduce executive education programs, empowering professionals with AI-driven business strategies and leadership skills.
Foxconn raises pay, readies iPhone 18 Pro for September 2026
Foxconn has initiated peak hiring and raised wages to prepare for large-scale iPhone 18 Pro production, ahead of its anticipated fall launch featuring advanced innovations.
Swiggy shares fall 7% after announcement to cut foreign stake
Swiggy shares dropped 7% on July 24, nearing record lows, as fears of $500 million in passive outflows loom following a proposed cap on foreign ownership.
India and Romania agree to double trade, expand defense cooperation
India and Romania have agreed to double bilateral trade within three years and enhance defence collaboration through training, capacity building, and industry engagement.
Caliber Mining and Logistics shares open strong at ₹504
Caliber Mining and Logistics shares debuted on the BSE at Rs 504, marking an impressive 18.87% premium over its IPO price range of Rs 402-424.
DeepSeek CEO Liang Wenfeng prioritizes AGI for humanity over IPOs
DeepSeek CEO Liang Wenfeng prioritizes achieving AGI over profits, criticizing Nvidia's dominance while championing China's push for advanced AI chips and open-weight models.
ICICI Bank raises $1 billion via 5-year dollar bonds
India’s ICICI Bank has issued a $1 billion five-year dollar bond at a tighter spread of 100 basis points over US Treasuries, attracting $3 billion in bids.
South Korea's KOSPI tumbles 5.44% on US tech AI concerns
South Korean shares plunged over 5% as reduced AI spending by U.S. tech giants hit chipmakers, while surging oil prices above $100 a barrel further dampened investor sentiment.
India's finance committee seeks SRO oversight to protect VDA investors
The Parliamentary Standing Committee on Finance emphasizes the urgent need for a comprehensive regulatory framework for VDAs.
FAB offers $1.5 billion to NRIs to bolster India's forex
First Abu Dhabi Bank offers $1.5 billion funding for Middle East NRIs, leveraging nine times deposits to support India’s forex reserves and counter rupee depreciation.
Brent crude tops $100 for first time since May
Brent crude oil prices have surged above $100 per barrel for the first time since May.
Indian rupee at 96.63 per dollar after Brent tops $100
The Indian rupee weakened by 6 paise to 96.63 against the US dollar as Brent crude surged past $100 a barrel, raising economic concerns for the oil-importing nation.
Manipal Health Enterprises launches ₹9,275cr IPO from July 29
Manipal Health Enterprises will launch its Rs 9,275-crore IPO on July 29, with a price band of Rs 560-590 per share, aiming to raise funds for debt repayment and acquisitions.
IBM shares plunge 25% after earnings miss, over $70B lost
IBM's stock plunged after missing earnings expectations, losing $70 billion in market cap. CEO Arvind Krishna revealed only 2% of IBM's software is at risk of AI replacement.
SAP lowers 2026 profit goal due to AI acquisitions
SAP lowered its 2026 operating profit forecast, citing over €100 million impact from AI-driven acquisitions like Dremio and Prior Labs.
SAP's Dominik Asam says companies mostly use AI for basics
SAP CFO Dominik Asam emphasized that enterprise AI must evolve beyond chatbots and coding tools, targeting complex business processes to unlock meaningful productivity gains.
Intel beats analysts on AI demand, forecasts $16.8B next quarter
Intel surpasses quarterly profit and revenue estimates, fueled by surging demand for AI-driven CPUs, boosting shares by 5.2% in after-hours trading.
Pentagon signs nearly $7B Oracle 5 year software license consolidation
The Pentagon has signed a nearly $7 billion, up-to-10-year agreement with Oracle to streamline on-premises software licenses, aiming to save $441 million in taxpayer funds.
Brent crude tops $100 after Houthi group tanker claim
Brent crude oil surged past $100 per barrel on Thursday, driven by escalating tensions in West Asia following Houthi attacks on Saudi oil tankers in the Red Sea.
Sorin to start preparations early 2027, eyeing AI deep-tech space-tech
Sorin Investments, led by Sanjay Nayar, plans to raise ₹2,000 crore for its second fund in early 2027, expanding into AI, deep-tech, and space tech sectors.
Adani Group denies airline plans in stock exchange filing Friday
Adani Enterprises dismissed reports of launching a commercial airline, calling them baseless. The clarification follows speculation about the group's growing aviation interests.
Oil hits $100 after Iran-aligned Houthi attacks on Saudi tankers
Oil prices surged past $100 as attacks on Saudi tankers in the Red Sea and a Kazakhstan export outage tightened global supplies, reversing recent declines in crude markets.
ITC overtakes Nestle and Britannia as India's 2nd-biggest FMCG
ITC's non-tobacco FMCG revenue has reached Rs 24,000 crore, surpassing Nestle and Britannia, making it the second-largest FMCG company in India after Hindustan Unilever.
Gold dips as Brent crude tops $100 Fed-hike odds rise
Gold prices dipped 0.1% as Brent crude surged past $100, fueling inflation concerns and bolstering expectations of a September Federal Reserve rate hike with an 81% probability.
Japan's June inflation rises as CPI excluding fresh food 1.6%
Japan's core consumer price index rose 1.6% in June, marking its first increase in three months, as declining energy subsidies slowed and inflationary pressures persisted.
Asian markets slide after US tech tumble and oil jump
Asian markets tumbled as new US tariffs and surging crude prices fueled inflation concerns, while escalating West Asia tensions threatened global energy supply chains.
NVIDIA $1.5B Amkor deal expands US chip packaging and testing
Nvidia and Amkor Technology have signed a multi-year $1.5 billion agreement to expand advanced semiconductor packaging in the US, addressing growing AI infrastructure demands.
AI and incentives bring data centers to Bhubaneswar Patna Jaipur
India's edge data centre industry is growing rapidly in tier-II cities, driven by state incentives and AI demand, but faces power, talent, and infrastructure challenges.
IBM's Hans Dekkers India poised for faster enterprise AI adoption
India's robust open-source talent and surging demand position it to outpace global markets in enterprise AI adoption, says IBM Asia-Pacific GM Hans Dekkers.
Padmesh Mandloi backs India South Korea semiconductor collaboration for innovation
Synopsys VP Padmesh Mandloi highlights the potential for India and South Korea to combine strengths in chip design and manufacturing.
Manipal Health Enterprises IPO sets price band on July 24
Manipal Health Enterprises, backed by Temasek, is set to launch a billion-dollar IPO this month, featuring a fresh issue and offer for sale to reduce debt and fund acquisitions.
India's IT giants report slower June growth, Infosys lowers guidance
India's top IT firms struggle with weak revenue growth despite steady deal inflows, as geopolitical tensions and AI-driven disruptions reshape traditional business models.
Trump announces 10-12.5% tariffs on 80+ countries over human rights
Donald Trump’s administration announced new tariffs of 10% or 12.5% on imports from over 80 countries, replacing an expiring global duty despite legal and public opposition.
US announces 10% tariff on Indian imports over forced labor
The United States has imposed a 10% tariff on Indian imports following discussions on forced labour practices, placing India among 17 economies in the lower tariff category.
Amnon Shashua stepping down as Mobileye CEO, staying through transition
Amnon Shashua, Mobileye's founder and CEO, plans to step aside after nearly 30 years as the company advances into robotaxis and humanoid robotics innovations.
Oil crosses $100 amid rising US and Iran tensions
Global oil prices surpassed $100 per barrel as escalating US-Iran tensions and threats to the Strait of Hormuz raised fears of significant disruptions to global energy supplies.
World Bank to stop lending to China by 2031
The World Bank announced plans to cease lending to China by 2031, transitioning its focus toward technical assistance and knowledge sharing as China's economic needs evolve.
Corgi reportedly raises Series B extension at $4 billion valuation
Insurance startup Corgi has reportedly raised another round, doubling its valuation to $4 billion just eight weeks after its last raise, sources told Forbes.
Patreon cuts 93 employees to manage costs amid market shifts
Patreon is cutting 20% of its staff, affecting 93 employees, as part of a restructuring effort to adapt to market changes and prioritize stability, CEO Jack Conte announced.
Tesla plunges 15% after earnings miss, short sellers net $4.1B
Tesla shares plummeted 15% after weak earnings, granting short sellers a $4.1 billion windfall, as concerns over AI spending and soft auto margins rattled investor confidence.
Meta exits RE100 after funding gas plants to power AI
Meta has left the RE100 renewable energy group after a decade, as it ramps up construction of natural gas power plants to fuel its AI-driven data centers.
Nestle H1 sales fall 2.5% as India posts double-digit growth
Nestle SA highlighted India as a key growth market, achieving double-digit real internal growth, while global sales declined slightly in the first half of 2026.
Macy's launches Black Friday-in-July sale with discounts up to 77%
Macy’s Black Friday in July Sale offers discounts up to 77% on top brands like Adidas, Le Creuset, and MAC. Shop standout deals starting at just $14.
Khormaee and Luo's AegisAI raises $36 million to tackle smart phishing
AegisAI, founded by ex-Google security experts, raised $36M in Series A funding to revolutionize email security with AI agents that detect sophisticated spear phishing attacks.
Vlad Tenev's X account hacked to promote fake Vladhood token
Robinhood CEO Vlad Tenev's X account was hacked to promote a fake memecoin, $VLAD, amid the platform's blockchain-driven surge in speculative trading and memecoin activity.
Fractal posts 20% revenue rise to ₹913cr, net profit ₹72cr
Fractal reported a 20% YoY revenue growth to Rs 913 crore, while profit surged 90% to Rs 72 crore in Q1 FY27, driven by strong operational performance.
UAE to adopt India's DigiLocker for academic document verification
India and the United Arab Emirates (UAE) are working together to integrate India's DigiLocker with UAE's digital platforms.
SEBI proposes greater flexibility for portfolio managers investing client funds
The Securities and Exchange Board of India (SEBI) has proposed changes to its regulations governing portfolio management services (PMS).
Infosys Q1 profit rises 12% to ₹7,769cr
Infosys has reported a 12.3% year-on-year (YoY) increase in its consolidated profit for the April-June quarter of FY27.
JPMorgan to hire around 1,000 tech professionals in India
JPMorgan Chase has announced plans to hire around 1,000 technology professionals for its Global Capability Centers (GCCs) in India.
What is Fund My Staff, Ashneer Grover's new fintech start-up?
Ashneer Grover, the former MD and co-founder of BharatPe, has launched a new fintech platform called Fund My Staff.
EU fines Google $1B for Search and Play Store violations
The European Commission has slapped a hefty €890 million ($1 billion) fine on tech giant Google.
Google posts negative cash flow for 1st time since IPO
Google's parent company, Alphabet, has reported a negative free cash flow of $5.9 billion in the second quarter of 2026.
Blinkit grows bigger and more profitable
Eternal's latest shareholder letter reveals that Blinkit has grown nearly as big as Zepto and Swiggy Instamart combined. The company also remained profitable during this period.
CGHS pensioner cards go paperless via Bhavishya portal
The Ministry of Health and Family Welfare (MoH&FW) has launched a paperless application process for the Central Government Health Scheme (CGHS) pensioner card.
Amazon lays off employees in AGI unit
Amazon has announced another round of layoffs, this time targeting its Artificial General Intelligence (AGI) unit.
Adani seeks change in rule to enter airline business
The Adani Group has approached the Indian government for a change in an existing rule that prohibits Delhi and Mumbai airport operators from holding more than 10% stake in a scheduled airline.
Why Qatar is extending its LNG force majeure
QatarEnergy is likely to extend the force majeure on liquefied natural gas (LNG) shipments until mid-October, people with knowledge of the matter told Reuters.
Uber cuts 10% of customer service jobs in AI push
Uber Technologies has announced a major downsizing in its customer service division, laying off 10% of its customer service workforce.
Indo-MIM IPO opens today with 38% GMP
Indo-MIM Ltd has launched its initial public offering (IPO) today. The offer will remain open until July 27.
Alphabet becomes first company to report $100B quarterly profit
Google-parent Alphabet has become the first company in history to report over $100 billion in quarterly profit.
Xtranet Technologies IPO opens today: Should you bid?
Xtranet Technologies, an IT solutions provider, has launched its initial public offering (IPO) today. The three-day bidding period will end on July 27.
Tesla's Q2 revenue jumps 26% but profitability still a concern
Tesla has reported a strong recovery in its financial performance for the second quarter of 2026.
Google parent raises 2026 AI spending to $205B
Google's parent company, Alphabet, has announced a major increase in its capital expenditure plans for 2026.
Crude oil prices near $100 as US-Iran tensions escalate
Commodity markets witnessed a mixed bag on July 23. Crude oil prices hit their highest in over six weeks amid rising tensions in the Middle East.
Sensex down 800 points: Why Indian stock market crashed today
The Indian stock market witnessed a major selloff today, with the Sensex crashing over 800 points to hit an intraday low of 76,641.19.
IndiGo shares down 3% today: Here we decode why
Shares of InterGlobe Aviation, the parent company of IndiGo, fell over 3% to ₹5,128 apiece.
From Pixar to National Geographic, Disney axes hundreds of jobs
The Walt Disney Company has announced a major round of layoffs, impacting several hundred employees across various divisions.
Bira 91 founder Ankur Jain exits board, gives up stake
Ankur Jain, the founder of B9 Beverages and its flagship brand Bira 91, has resigned from the company's board.
Samsung might invest in AI start-up Mistral at $23B valuation
Samsung is in talks to invest hundreds of millions of euros into French artificial intelligence (AI) start-up Mistral.
Paras Defence to establish semiconductor facility in MP for ₹6,200cr
Paras Defence and Space Technologies has announced that its semiconductor unit will invest ₹6,200 crore to set up a chip packaging and testing facility in Madhya Pradesh.
Adani, GMR might soon run their own airlines in India
The Indian government is mulling a major policy shift that could allow airport operators to own and run their own airlines, as per Bloomberg.
Why Anthropic has been sued by University of Tennessee
Anthropic, a leading artificial intelligence (AI) company, has been sued by the University of Tennessee Research Foundation for patent infringement.
Trump threatens tariff on generic medicines: Should India be worried?
US President Donald Trump has announced a two-year exemption from tariffs on imported generic medicines.
End retrospective tax to attract foreign investment: Amitabh Kant
Former NITI Aayog CEO Amitabh Kant has stressed the need for India to end its retrospective tax policy, saying it heavily impacts global investor sentiment.
London Stock Exchange will soon let you trade 24/7
The London Stock Exchange (LSE) is gearing up to launch a new trading venue, LSE 24, which will operate outside its normal market hours.
Bajaj Auto Q1 results: Net profit jumps 42.3% to ₹2,983cr
Bajaj Auto has reported a whopping 42.3% jump in its standalone net profit for the first quarter of FY27.
This might be 1st 'world model' AI start-up going public
Chinese artificial intelligence (AI) start-up GigaAI is gearing up for a public listing in Hong Kong.
Cognizant bags mega tech services deal worth up to $1B
Cognizant, a leading software services company, has won a multi-year technology services contract from US health insurer Centene Corporation, as per Moneycontrol.
Maharashtra plans property tokenization on blockchain: How it affects you?
Maharashtra is mulling a new legal framework for the tokenization of land and other immovable assets using blockchain technology.
Positive returns for Indian equities over next 12 months: JPMorgan
JPMorgan's Rajiv Batra, Head of Asia and Co-Head of Global Emerging Markets Equity Strategy, has predicted positive returns for Indian equities in the next 12 months.
JSW eyes majority stake in Volkswagen's India unit: Report
Volkswagen AG is in advanced talks with JSW Group for a potential stake sale in its Indian unit, as per Bloomberg.
Tata Steel to invest ₹10,000cr in Jharkhand by 2028
Tata Steel has announced its plan to invest ₹10,000 crore in various projects across Jharkhand by 2028.
India's Q1 oil import bill up 61%: What's the reason?
India's crude oil import bill surged by a whopping 61% to $49.8 billion in the April-June period, compared to the same period last year.
You can soon make UPI payments without internet
The National Payments Corporation of India (NPCI) is working on a new feature for Unified Payments Interface (UPI), that would allow users to make payments at merchant point-of-sale terminals without an internet connection.
Anthropic's $1.5B copyright settlement with authors has been approved
Anthropic, a leading artificial intelligence (AI) company, has received final approval for its $1.5 billion settlement with authors over copyright infringement.
Paramount's $110B merger with Warner Bros has been temporarily paused
The proposed $110 billion merger between Paramount Skydance and Warner Bros. Discovery has been temporarily halted by a US federal judge.
Why AliExpress has been fined record €550m by EU
The European Commission has slapped a record fine of €550 million on Chinese e-commerce giant AliExpress.
Modi government won't scrap LTCG tax on equities anytime soon
The Indian government has confirmed that it has no plans to scrap the long-term capital gains (LTCG) tax on equity transactions.
Jeff Bezos has invested in this £2B UK AI start-up
Jeff Bezos, the founder of Amazon, and the UK government have invested in a £2 billion British artificial intelligence (AI) start-up called CuspAI.
Etihad is offering 20% off on these international flights
Etihad Airways has launched a special promotional sale for Indian travelers, offering up to 20% off on Business and Economy class fares.
Meta to proceed with layoffs challenged over AI bias claims
A US federal judge has denied a request to halt Meta's planned layoffs of 26 employees.
Airtel's data center arm to expand capacity to 1GW
Bharti Airtel's data center subsidiary, Nxtra, is gearing up for a massive expansion. The company plans to quadruple its capacity to 1 gigawatt (GW) in the coming years.
Centre wants ethanol to become your next cooking fuel
The Indian government is working on a policy to promote ethanol as a mainstream cooking fuel.
Why Indian pilots want Gulf flights to be canceled
The Airline Pilots' Association of India (ALPA India) has called for an immediate suspension of flights to the UAE and other high-risk Gulf destinations.
Why RBI has intervened to stabilize Indian rupee
The Reserve Bank of India (RBI) has stepped in to stabilize the Indian rupee, which is nearing a record low.