Business News
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DCB Bank's Q3 profit surprises with 22% jump
DCB Bank Ltd announced a 21.8% rise in net profit for Q3, reaching ₹184 crore. This increase is attributed to strong growth in advances and deposits.
Amazon to cut roughly 16,000 roles in early 2026, bringing cumulative job losses to nearly 30,000 (including ~14,000 cut in late 2025)
Amazon's major restructuring in January 2026 will result in approximately 16,000 job cuts, primarily affecting corporate and managerial roles across various departments.
RBI pumps ₹1.25 lakh crore into banks to keep things running smoothly
The Reserve Bank of India (RBI) plans to inject ₹1.25 trillion into the financial system through various instruments, aiming to ease the current cash crunch.
Indian bonds fall as state borrowing spooks markets
Indian government bonds experienced their largest fall in a week on Friday, due to trader apprehension over the upcoming state debt supply.
BlackRock plans $800B fund to help rebuild Ukraine
BlackRock, under CEO Larry Fink, is exploring potential investment opportunities in Ukraine despite ongoing conflict with Russia.
Budget 2026: Capital spending, tax relief to drive economic growth
The Indian government may allocate over Rs 30,000 crore in the 2026-27 budget for the Employment Linked Incentive Scheme (ELIS), aimed at creating jobs for millions.
MMTC-PAMP wants fairer gold duty rules in Budget 2026
MMTC-PAMP's CEO, Samit Guha, calls for the government to address duty disparities disadvantaging domestic refiners in the upcoming 2026 budget.
Adani Group takes full ownership of IANS
Billionaire Gautam Adani's conglomerate has acquired the remaining 24% stake in Indo-Asian News Service (IANS), a leading multi-language news agency in India.
India joins WEF's global reskilling push—aims to upskill 1 billion
The World Economic Forum (WEF) has launched a skills and education accelerator in India as part of its global initiative to reskill 850 million people.
IMF calls India a rising star in global AI
The International Monetary Fund (IMF) lauds India's digital reforms and its growing influence in shaping the global artificial intelligence landscape.
India to launch its own smartphone brands soon, says minister
India's IT Minister, Ashwini Vaishnaw, predicts the country will soon produce its own global smartphone brand akin to Apple.
Sensex tanks 770 points as markets see 4th straight day of losses
The Indian stock market ended lower on January 23, with Sensex sinking 770 points and Nifty struggling near 25,050. Over 400 stocks hit their 52-week lows in a volatile session.
Adani Green's profit nosedives, but clean energy growth shines
Adani Green Energy Ltd (AGEL) saw a 99% YoY fall in consolidated net profit in Q3 FY26, despite a 21% increase in power supply revenue.
Vimeo lays off 'large portion' of staff
Vimeo, the popular video-hosting platform, is laying off employees worldwide.
India-EU FTA finally happening: Signing set for January 27
The European Union's broader Generalised Scheme of Preferences (GSP) suspension will affect nearly $66 billion worth of Indian exports for at least a year.
Laurus Labs's profit jumps 179%—here's what's behind the surge
Laurus Labs reported a significant 174% surge in net profit to ₹252 crore in Q3, driven by robust generic business and high demand in CDMO small molecule offerings.
BSE-listed firms lose ₹16Lcr in market cap as weekly rout deepens
BSE-listed companies saw a massive ₹16 lakh crore reduction in market capitalisation this week, continuing the ongoing market rout.
Paytm shares crash 10% today: What's behind the fall?
Shares of One97 Communications, the parent company of digital payment platform Paytm, witnessed a steep decline today.
SEBI accuses EY, PwC executives of insider trading
The Securities and Exchange Board of India(SEBI) has accused current and former executives at the local units of PricewaterhouseCoopers (PwC) and Ernst & Young (EY) of violating insider trading regulations.
WEF opens new tech innovation hubs in 5 countries
The World Economic Forum (WEF) plans to establish five new Centres for the Fourth Industrial Revolution, including a location in Andhra Pradesh, India.
BEL lands ₹610cr in new defense orders
Navratna defense PSU Bharat Electronics Limited (BEL) has received additional orders worth ₹610 crore, spanning various products and services.
IndiGo's December (year not specified in the source) meltdown: Over 10,000 flights canceled, ₹22.2cr fine
IndiGo is developing a compensation plan for passengers left stranded due to operational disruptions, following a ₹22.2 crore penalty imposed by India's aviation regulator.
Budget 2026: Edtech leaders want more focus on skills and digital access
Industry leaders urge the Indian government to prioritize investment and policy support in edtech and workforce readiness for the 2026 budget.
Meta wants to limit evidence against it in child-safety case
Meta, the parent company of Facebook and Instagram, is facing a trial in New Mexico over allegations of failing to protect children from sexual exploitation on its platforms.
Indian rupee weakens to lifetime low, trades near 92/dollar
The Indian rupee hit a new all-time low of 91.93 against the US dollar on Friday.
AI could add $550B to India's key sectors by 2035, says PwC
Artificial Intelligence (AI) could potentially add $550 billion to India's five priority sectors, including agriculture and healthcare, by 2035, according to a PwC report.
Rupee drops to record low—here's why it matters
The Indian rupee hit a record intraday low of 91.99 against the US dollar, driven by persistent foreign fund outflows and geopolitical volatility.
Google acquires voice start-up Hume AI to enhance Gemini
Google DeepMind has signed a licensing deal with Hume AI, licensing its emotion-sensing voice technology and top talent.
Adani stocks crash amid fresh trouble in US bribery case
Adani Group stocks witnessed a major crash, falling as much as 11%, after the US Securities and Exchange Commission (SEC) sought court approval to email summonses to billionaire Gautam Adani and his son Sagar Adani.
Upstox's profit jumps, but revenue stays flat in FY25
Upstox, a stockbroking firm, posted an income of Rs 1,208 crore and a profit of Rs 215 crore in the fiscal year ending March 2025.
India-EU trade deal likely to be finalized on January 27
India and the European Union (EU) are likely to announce the conclusion of their long-running free trade pact negotiations on Tuesday.
Sensex plunges 750 points: What is dragging stock market down?
The Indian stock market witnessed a major downturn on Friday, with the benchmark indices Sensex and Nifty falling sharply.
Sensex drops over 700 points; market cap erodes by ₹5.7L crore
Indian stock markets faced a steep decline on Friday, erasing Rs 6 lakh crore in market capitalization as Sensex fell over 700 points and Nifty dipped below 25,100.
NVIDIA's Jensen Huang wants to supercharge US chip-making
Nvidia, the leading artificial intelligence chipmaker, is championing a plan to reindustrialise America, extending efforts from chipmaking to robotics.
Supreme Court turns up the heat on Anil Ambani over alleged ₹40,000 crore bank fraud
The Supreme Court has issued fresh notices to Anil Ambani and the Anil Dhirubhai Ambani Group (ADAG) regarding a PIL alleging massive banking and corporate fraud.
SEBI accuses top finance execs of insider trading in Yes Bank deal
India's securities regulator, SEBI, has accused executives at EY and PwC of breaching insider trading rules in a 2022 Yes Bank share sale.
China's yuan just broke a big barrier against the dollar
China's central bank has set the strongest guidance rate for the yuan in nearly three years, indicating a gradual appreciation of its currency.
Life insurers want bigger tax breaks in Budget 2026
As the Union Budget 2026 approaches, insurance industry leaders advocate for policy consistency and tax parity to boost life insurance as a key retirement planning tool in India.
India and EU set to sign major free trade deal on January 27
India and the European Union are anticipated to finalize a long-awaited free trade agreement on Tuesday, potentially boosting Indian exports and reducing tariffs on European goods.
Sensex slips 300+ points, Nifty drops below 25,200—here's what happened
The Sensex fell 500 points from its daily high, with the Nifty dropping below 25,200 due to continued selling by foreign investors.
Adani Group stocks tumble as SEC pushes to email summons
Adani Group shares plummeted following reports of the US Securities and Exchange Commission seeking court approval for legal action against senior members of the conglomerate.
IndiGo reviews internal processes after disruptions as profits plunge 78%
IndiGo, India's leading airline, is conducting a thorough review of its internal processes.
IndusInd Bank picks Arijit Basu as new part-time chairman
Sunil Mehta, part-time chairman and director of IndusInd Bank, will step down on January 30, with Arijit Basu set to succeed him.
Flipkart veterans launch Fermi.ai, an AI-powered STEM learning platform
Former Google and Airbnb executive Peeyush Ranjan and Myntra co-founder Mukesh Bansal have launched Fermi.ai, an AI-first edtech startup focusing on high-school STEM education.
Jio BlackRock's new sector rotation fund: What's up?
Jio BlackRock Mutual Fund has announced the launch of its new equity offering, the Jio BlackRock Sector Rotation Fund, set to open on January 27.
IndusInd Bank picks Arijit Basu as new part-time chairman
Arijit Basu, former Managing Director of State Bank of India, has been appointed as the Part-time Chairman of IndusInd Bank for a three-year term.
What middle-class India expects from Budget 2026
As the Union Budget 2026-27 draws near, tax experts are hoping for significant relief for middle-class taxpayers.
Juspay raises $50M, turns unicorn with $1.2B valuation
Juspay, a leading payments infrastructure company, has raised $50 million in a Series D follow-on round led by WestBridge Capital.
Apple expands John Ternus's role, signaling potential CEO succession
Apple has expanded the role of its hardware chief, John Ternus, to include design work.
Purplle's revenue doubles to ₹1,367cr in FY25
Purplle, an online beauty platform, saw its operating revenue more than double to Rs 1,367 crore in FY25 while also reducing losses.
Bitcoin struggles to hold $90,000; Ethereum and altcoins slip too
Bitcoin continues to trade around $89,800 as investors seek clear market indicators amidst macroeconomic and geopolitical uncertainties.
Infosys to hire 20,000 graduates amid global tech layoffs
Infosys, one of India's leading IT services companies, has announced its plan to hire 20,000 college graduates in the fiscal year 2027.
India's business activity hits 5-month high in January
India's business activity experienced a significant rise to 59.5 in January, marking the first increase in five months, according to HSBC Composite Flash PMI data.
Juspay becomes unicorn after raising $50 million from WestBridge
Juspay has raised $50 million in a Series D follow-on round from WestBridge Capital, reaching a valuation of $1.2 billion.
Gold, silver, platinum hit record highs: What's driving the surge?
Gold, silver, and platinum have all hit record highs on Friday. Gold surged to $4,966.59 per ounce, while silver and platinum jumped to a record high of $97.44 and $2,684.43 per ounce, respectively.
Google and Epic's secret $800M deal surfaces in antitrust trial
Google and Epic Games have signed a secretive $800 million deal, The Verge reported.
US economy grows 4.4%, strongest expansion in two years
The US economy has witnessed its fastest growth in two years, with a 4.4% annualized expansion rate in the third quarter of 2025.
Amazon prepares for another round of layoffs
Amazon is gearing up for another round of layoffs, with plans to start as soon as next week, according to Bloomberg.
Infosys to hire 20,000 graduates in FY27
Infosys is set to hire 20,000 college graduates in FY27, anticipating a surge in demand for artificial intelligence services.
India's global turnover penalty law unconstitutional, Apple says before HC
Apple has challenged the constitutionality of a provision in the Competition Act, 2002, before the Delhi High Court.
Trump sues JPMorgan and its CEO for $5B
Donald Trump has filed a $5 billion lawsuit against JPMorgan Chase and its CEO, Jamie Dimon.
Bank of Japan hits pause on rate hikes at 0.75%
The Bank of Japan (BOJ) has kept its benchmark rate at 0.75%, monitoring the impact of last month's increase on the economy.
Trump-backed investors will now run TikTok's US operations
The US and China have finalized a deal that transfers control of TikTok's American operations to a group of investors backed by President Donald Trump.
Indian stock market set for a flat start; Nifty eyes 25,500
Indian shares are expected to climb on Friday, influenced by easing geopolitical concerns over Greenland and positive trends in Asian markets.
Google and Epic Games's $800 million secret deal drops during court battle
Google and Epic Games have reportedly entered a secretive $800 million deal, aimed at jointly developing products and marketing Android.
Silver prices just broke records—here's what's up
Silver prices soared to an all-time high of $98.98 per ounce on Comex, driven by escalating geopolitical and trade tensions.
China aims for slower, steadier growth in 2026
China plans to set a lower economic growth target for 2026, reflecting the country's ongoing economic slowdown, according to the South China Morning Post.
Gold, silver, platinum hit record highs—here's why
Gold, silver and platinum hit record highs on Friday amid geopolitical uncertainties, a weaker dollar and anticipated U.S. Federal Reserve interest rate cuts.
ISF pitches big changes to make jobs more official in India
The Indian Staffing Federation (ISF) has proposed budget recommendations aimed at promoting formal employment, including tax and policy changes.
TikTok dodges US ban with last-minute deal
ByteDance has finalized a deal giving US investors majority control of TikTok's US operations, ending a yearslong dispute but leaving algorithm control unclear.
Gold hits new highs, silver not far behind
Gold prices rise for a fifth session, while silver surges, driven by a softer US dollar and changing global risk sentiment.
NYC bracing for a snowy weekend as Storm Fern rolls in
New York City is bracing for a significant winter storm, predicted to bring nearly a foot of snow this weekend, posing a major test for the city's new Mayor.
TikTok forms US joint venture to avoid ban
TikTok's Chinese owner, ByteDance, has finalized a deal for a majority American-owned joint venture to prevent a U.S. ban.
TikTok just launched a US-only joint venture—here's what that means
ByteDance has established a new entity, TikTok USDS Joint Venture LLC, potentially paving the way for U.S. investors to acquire a majority stake in TikTok's American operations.
Venezuela wants to open up its oil industry to foreign investors
Venezuela's interim government has introduced a bill aimed at reducing state control over the oil industry and attracting U.S. energy companies to increase production.
Gold prices drop as global tensions cool off
Asian stocks and gold prices rose on Friday, bolstered by a weaker US dollar and easing geopolitical tensions, following Wall Street's gains.
SanDisk stock hits record high as AI fuels demand
Sandisk Corp.'s stock has skyrocketed by 1,117% in six months, causing short-sellers to suffer a staggering $3 billion loss.
Airlines invited to apply for IndiGo's vacated slots
The Civil Aviation Ministry has invited airlines to submit their preferences for airport slots vacated by IndiGo following its flight cancellations in December 2025.
Intel shares tumble after weak Q1 forecast
Intel Corporation's shares plummeted by 13% in extended trading after its first quarter guidance failed to meet Wall Street expectations.
India and WEF team up for 'Skills Accelerator' to boost future jobs
India's Ministry of Skill Development and Entrepreneurship is partnering with the World Economic Forum to launch a Skills Accelerator, aimed at addressing workforce skill gaps.
LiveKit just hit unicorn status with $100 million raise
LiveKit, a developer of real-time AI voice and video applications, has raised $100 million, reaching a valuation of $1 billion. The company powers OpenAI’s ChatGPT voice mode.
Startup commercializing open-source AI project vLLM secures $150 million funding
Inferact, a startup commercializing the open-source project vLLM, has successfully raised $150 million in seed funding at an $800 million valuation.
Delhi man arrested for ₹45cr GST fraud
A Delhi man has been apprehended by the Uttar Pradesh STF for his alleged involvement in a ₹248 crore inter-state GST evasion racket involving over 100 fake firms.
ED arrests 2 in massive BitConnect crypto scam
The Enforcement Directorate (ED) has arrested two individuals linked to the BitConnect cryptocurrency fraud, attaching assets worth approximately Rs 2,170 crore.
US banks eye 10% credit card rates after Trump's cap demand
Bank of America and Citigroup are reportedly considering offering credit cards with a 10% interest rate to comply with President Trump's recent demand.
35 % of NSE stocks hit 52-week lows
The ongoing market correction, which started at the beginning of 2026, has pushed over one-third of the stocks listed on India's National Stock Exchange (NSE) to their 52-week lows.
Anant Ambani's ₹14cr Vantara watch has everyone talking
Luxury watchmaker Jacob & Co has unveiled a unique timepiece, the Opera Vantara Green Camo, in honor of Anant Ambani and his wildlife conservation initiative, Vantara.
$950B and counting: India's young founders outpace Switzerland's economy
India's economic landscape is being reshaped by a new wave of entrepreneurs under the age of 40.
Budget 2026: Will smartphones get costlier after February 1?
As the Union Budget nears, consumers and industry experts are left wondering if smartphone prices will rise or fall.
Trump's credit card rate cap would be 'disaster': JPMorgan CEO
Jamie Dimon, the CEO of JPMorgan Chase, has warned that President Donald Trump's proposal to cap credit card interest rates at 10% would be an "economic disaster."
Entrepreneur behind Theranos scandal urges Trump for early prison release
Elizabeth Holmes, the former CEO of Theranos, has requested an early release from her prison sentence.
Budget 2026: Agri industry urges sustainable policies, food security focus
As the Union Budget approaches, industry leaders from agriculture, nutrition and fertilizer sectors are calling for policy measures that prioritize sustainability and long-term food security.
EPFO 3.0 overhaul to bring new portal, AI features
The Employees's Provident Fund Organisation (EPFO) is gearing up for a major transformation with the introduction of EPFO 3.0.
How AI data center boom is threatening auto supply chains
The automotive industry is facing a new threat to its supply chain, thanks to the rapid expansion of artificial intelligence (AI) data centers.
Ryanair CEO dismisses Musk takeover talk amid Starlink spat
Ryanair's CEO Michael O'Leary has dismissed Elon Musk's interest in acquiring the budget airline.
Deepinder Goyal forgoes ₹1,000cr ESOPs as he exits Eternal
Deepinder Goyal, the billionaire founder of Eternal, has decided to forfeit over ₹1,000 crore worth of unvested employee stock options (ESOPs) as he steps down from his role as Group CEO.
Air India expects $1.6B loss after deadly Ahmedabad crash
Air India, a joint venture between Tata Group and Singapore Airlines, is expected to report a record annual loss of at least ₹150 billion ($1.6 billion) for the fiscal year ending March 31.
Goldman Sachs predicts gold at $5,400 by 2026 end
Goldman Sachs has raised its end-2026 gold price forecast to $5,400 per ounce from the previous estimate of $4,900/oz.
Pollution, not tariffs, is India's biggest economic risk: Gita Gopinath
Gita Gopinath, a Harvard University professor and former chief economist of the International Monetary Fund (IMF), has warned that pollution is costing India more than any tariffs imposed on it.
Ozempic at half-price in India? Dr Reddy's generic coming soon
Dr. Reddy's Laboratories is gearing up to launch a generic version of Ozempic in India from March.
PhonePe IPO: Walmart to reduce stake, Microsoft, Tiger Global exit
Bengaluru-based digital payments platform PhonePe has filed an updated draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).
DGCA issues record 1,600+ commercial pilot licenses in 2024
The Directorate General of Civil Aviation (DGCA) has issued a record-breaking number of Commercial Pilot Licenses (CPLs) in 2024.
India, US will have a 'good trade deal,' says Trump
US President Donald Trump has expressed optimism about a forthcoming Bilateral Trade Agreement with India and praised PM Modi.
PhonePe's loss widens to ₹1,444cr despite 22% increase in revenue
Walmart-owned digital payments company PhonePe has reported a 22% increase in its revenue for the April-September period. The company's revenue stood at ₹3,918 crore during this period.
Sensex surges nearly 800 points: What's driving today's market rally
The benchmark indices in the Indian stock market opened on a positive note today, with the Sensex gaining nearly 800 points.
Trump drops Europe tariff threat after 'framework' deal over Greenland
US President Donald Trump has decided to drop the proposed tariffs on European countries as part of his broader strategy involving Greenland.
OpenAI in talks to raise $50B from Middle East investors
OpenAI, the artificial intelligence (AI) company behind ChatGPT, is looking to raise at least $50 billion in a new funding round.
Snap has settled a lawsuit on social media addiction
Snap, the parent company of Snapchat, has settled a lawsuit over social media addiction just days before it was scheduled to go to trial in Los Angeles.
Microsoft-OpenAI deal: How defining alliance of AI took place
The relationship between Microsoft and OpenAI has been a major factor in the latter's cloud strategy.
Top Indian CEOs to meet Trump amid trade, visa concerns
US President Donald Trump will meet top Indian business leaders at the World Economic Forum (WEF) 2026 in Davos.
Eternal reports ₹102cr Q3 profit as revenue jumps 200%
Eternal, the parent company of Zomato, has reported a whopping 73% year-on-year (YoY) increase in its consolidated profit for the October-December quarter.
Tata Communications reports 55% jump in Q3 profit to ₹364cr
Tata Communications, a leading player in the Tata Group, has announced its financial results for the December quarter.
Budget 2026: Infrastructure spending and structural reforms to get focus
The Union Budget on February 1 is likely to prioritize infrastructure spending and structural reforms, a report by PL Capital has said.
L'Oreal to invest ₹3,500cr in Hyderabad for global tech hub
French beauty giant L'Oreal has announced plans to set up its first global tech hub in Hyderabad.
India might not face Trump's 500% tariff on Russian oil
US Treasury Secretary Scott Bessent has suggested that India could be exempt from a proposed 500% tariff on Russian oil purchases.
Atal Pension Yojana extended till 2031: How it impacts you?
The Union Cabinet has approved the extension of the Atal Pension Yojana (APY) until 2031.
Why 400 millionaires, billionaires seek more taxes on the super-rich
Almost 400 millionaires and billionaires from 24 countries have urged global leaders to impose higher taxes on the super-rich.
Will EU delay approval of trade deal with US?
The European Parliament is reportedly planning to delay the approval of a trade deal with the US, which was agreed upon in July.
OpenAI might become anchor investor for TCS's new data center
Tata Consultancy Services (TCS) is working on a new data center in Navi Mumbai.
AI infrastructure investments in India to exceed $150B by 2026
India is set to witness a massive surge in investments for artificial intelligence (AI) infrastructure, with the total expected to exceed $150 billion by the end of 2026.
India hikes customs duty on electronic goods to 20%
The Indian government has raised the Basic Customs Duty (BCD) on flat panel displays to 20%.
Deepinder Goyal resigns as Eternal CEO, Blinkit boss takes helm
Deepinder Goyal has announced his resignation as the CEO of Eternal, the parent company of Zomato and Blinkit. His departure will take effect on February 1, 2026.
Netflix's ad revenue doubles to $1.5B in 2025
Netflix's advertising business has seen a significant boost, with its revenue more than doubling to $1.5 billion from 2024 to 2025.