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Zepto secures pre-IPO funding, adds to its ₹5,681cr cash pile
Zepto has finalized a pre-IPO equity placement to bolster its ₹5,681 crore cash reserves, ahead of its planned stock market debut at a $4.5 billion valuation.
Bitquery sues ex-CEO Karakitsos over alleged $5 million misappropriation, false reserves
Dionysios “Dean” Karakitsos, ex-CEO of Bitquery Inc., allegedly embezzled $5 million from the crypto data firm and erased 194 financial records before resigning in October 2025.
Sun Pharma withdraws eye drops across India citing safety concerns
Sun Pharma has initiated a precautionary recall of multiple eye drop products, citing patient safety concerns and urging distributors to halt billing and return existing stocks.
India aviation ministry to review strict pilot hiring rules
The Centre is reassessing pilot hiring norms, including notice periods and NOC requirements, to reduce entry barriers and boost competition in the aviation sector.
ASSOCHAM signs partnership with IACCIA to boost India Arab trade
India & Arab business chambers signed an MoU to boost trade, investment, and industrial collaboration, fostering deeper economic ties between India and 22 Arab nations.
AI spending divides markets as S&P 500 EPS rise 29%
Investors are favoring companies with strong returns and cautious spending on AI, while penalizing heavy investments, creating a divide in stock market performance.
Fresh trouble for Vi: DoT issues ₹26.8cr penalty notice
The Department of Telecommunications (DoT) has slapped a penalty notice on Vodafone Idea for ₹26.83 crore.
SEBI fines Zee, Chandra and Goenka for ₹726cr collateral
SEBI imposed a ₹1.5 crore fine on Zee Entertainment and its promoters, Subhash Chandra and Punit Goenka, for diverting company assets to benefit promoter-linked entities.
Centre releases additional ₹1.09L crore tax devolution to states
The Indian government has announced an additional tax devolution of ₹1,09,019 crore to state governments on August 1, 2026.
ZEE shareholders approve ₹3,140cr warrant issue amid SEBI roadblock
ZEE Entertainment Enterprises Ltd. (ZEEL) has received shareholder approval for its proposal to issue 24.95 crore fully convertible warrants at ₹126 each.
Air India resumes 10 weekly flights between Toronto, New Delhi
Air India has resumed its 10 weekly flights between Toronto and New Delhi. The resumption comes after a temporary reduction in frequencies due to the US-Iran war.
Microsoft expands insider trading policy to cover Kalshi and Polymarket
Microsoft has revised its Insider Trading Policy to prohibit employees from using confidential information on prediction markets, aligning with regulatory scrutiny.
Donald Trump's Truth Social starts paid API for Wall Street
Truth Social will offer traders faster access to Donald Trump's posts for a fee, raising concerns about insider trading and the monetization of market-moving information.
Indian startups raised $662 million in July across 85 deals
Indian startups raised $662 million across 85 deals in July, marking a sharp 67% decline from June's $2 billion spike driven by Meta's investment in CRED.
Muthoot Finance to make Alexander George MD pending shareholder approval
Muthoot Finance has appointed Alexander George as Managing Director, George Alexander Muthoot as Executive Vice Chairman, and elevated K.R. Bijimon to Chief Executive Officer.
India-Rwanda trade talks: Critical minerals, pharmaceuticals identified as priority sectors
India has expressed its interest in collaborating with Rwanda on critical minerals.
Karnataka Bank crosses ₹2L/cr mark and vows steady growth
Karnataka Bank announced surpassing the ₹2 lakh crore total business mark as of July 31, 2026, driven by robust growth in gross advances and aggregate deposits.
IOC sourcing 84% crude from spot market amid US-Iran war
Indian Oil Corporation (IOC) has increased spot crude purchases to 84% from 50%, responding to Middle East supply disruptions caused by the US-Iran conflict.
CBI registers 1,816.22cr fraud case against Reliance Capital, Anil Ambani
The CBI has registered a case against Reliance Capital Limited and its former chairman Anil D. Ambani for alleged fraud involving EPFO investments worth ₹1,816.22 crore.
UPI hits record 23.6B transactions in July
India's Unified Payments Interface (UPI) has hit a new record, processing 23.66 billion transactions worth ₹29.88 lakh crore in July 2026.
SEBI bars Zee fundraising 2 months after Hyderabad loan probe
Zee Entertainment's ₹3,144 crore warrant issue, approved by shareholders, faces uncertainty as SEBI's market ban restricts the company and promoters from dealing in securities.
Sundaram Home Finance raises FDs to 7.25%, 7.40% and 7.75%
Sundaram Home Finance has raised interest rates on 3, 4, and 5-year fixed deposits by 0.25%, effective August 1, benefiting regular investors, senior citizens, and trusts alike.
Coal India posts July output 50.4 MT and offtake +17.4%
Coal India Limited reported an 8.4% rise in July 2026 coal production to 50.4 million tonnes, while offtake surged 17.4% year-on-year to 63.7 million tonnes.
Central government releases extra ₹1,09,019 cr to boost state projects
The Union government released an additional Rs 1,09,019 crore tax devolution to states on August 1, 2026, aiming to enhance state finances and accelerate developmental spending.
Patanjali ventures into insurance market
Baba Ramdev's Patanjali Ayurved is all set to enter the insurance sector. The Insurance Regulatory and Development Authority of India (IRDAI) has approved the company's acquisition of Magma General Insurance.
Goldman Sachs: Neocloud providers and governments accelerate AI infrastructure
Goldman Sachs reports growing AI infrastructure investment, driven by enterprise adoption, sovereign initiatives, and neocloud provider support in global markets.
Air India restores daily New Delhi Toronto flights with 787-9
Air India has reinstated 10 weekly flights between Toronto and New Delhi, deploying new Boeing B787-9 aircraft to enhance passenger experience and expand connectivity.
Amazon completes $50B investment in OpenAI
Amazon has finalized its $50 billion investment in OpenAI, the company behind ChatGPT.
Dhaval Packaging IPO opens July 30 to raise ₹36.36cr
Dhaval Packaging Limited will open its Rs. 36.36 crore initial public offering on July 30, aiming to fund capacity expansion, loan repayment, and general corporate purposes.
Forcas Studio launches FTX on Flipkart minutes in 20 minutes
Forcas Studio launches its FTX brand on Flipkart Minutes, offering 20-minute delivery to enhance customer convenience and expand its digital retail presence.
Alphabet and Meta see cash flow hit from AI spending
Chris Wood cautions that Big Tech's aggressive AI infrastructure spending may erode billions, as markets grow skeptical of unrestrained capital expenditure without clear returns.
India proposes institutional ties with Rwanda on tin tungsten tantalum
India aims to strengthen ties with Rwanda on critical minerals, including tin and tantalum, during the inaugural India-Rwanda Joint Trade Committee meeting held in New Delhi.
Maruti Suzuki Q1FY27 revenue up 36% nearly ₹50,000Cr, profit falls
Maruti Suzuki India achieved a 36% year-on-year sales growth in Q1 FY27, driven by higher vehicle volumes, improved product mix, and expanded capacity at its Kharkhoda plant.
FSSAI suspends Switz Foods license after inspection found hygiene breaches
FSSAI has suspended Switz Foods' license due to serious food safety violations, including unhygienic manufacturing conditions and improper segregation of raw and finished products.
Union Cabinet approves ₹84,084cr 'Samudra Manthan' scheme: What is it?
The Union Cabinet has approved an allocation of ₹84,084 crore for the 'Samudra Manthan' scheme.
Taiwan's economy surges by around 13% thanks to AI demand
Taiwan's economy has witnessed an unexpected growth surge in the second quarter, largely driven by the skyrocketing demand for artificial intelligence (AI) technology.
India's GST collections hit 14-month high, touch ₹2.1L crore
India's Goods and Services Tax (GST) collections have hit a 14-month high, crossing the ₹2 lakh crore mark for the second time in the current fiscal year.
Income Tax Department: over 5.9cr ITRs filed for AY 2026-27
Over 5.9 crore income tax returns (ITRs) were filed for Assessment Year 2026-27 by July 31, the deadline for non-audited assessees to file without penalty or interest.
Divi's Laboratories Q1 FY27 profit ₹902cr, revenue ₹3,080cr beat estimates
Divi’s Laboratories reported a 66% year-on-year surge in Q1 FY27 net profit to ₹902 crore, with revenue rising 28% to ₹3,080 crore, surpassing market expectations.
India GST net collections rise 9.2% to ₹7.21L/cr for April-June
India's GST collections surged 9.2% to Rs 7.21 lakh crore, driven by strong import-led revenues and steady domestic activity, signaling a robust recovery in tax realisation trends.
Taiwan posts 12.9% Q2 2026 growth as AI demand rises
Taiwan's economy grew 12.9% in Q2, driven by soaring global demand for AI technologies and semiconductor exports, surpassing analysts' forecasts of 10.5%, government data revealed.
Your domestic flights in India are about to become costlier
The Indian Oil Corporation Limited (IOCL) has announced a hike in the price of aviation turbine fuel (ATF) supplied to domestic airlines.
Indian banks collect $36.7B via RBI FCNR scheme since June
Non-resident Indians have invested $36.7 billion in Indian banks through FCNR deposits under a new RBI scheme, offering attractive returns and aiming to bolster the rupee.
India's July GST collections at 2.11L/cr up 15.4% net 1.81L/cr
India's gross GST collections soared 15.4% year-on-year to Rs 2.11 lakh crore in July 2026, driven by robust domestic performance and a sharp 28.8% rise in import tax revenues.
Market timings change from August 3: Everything you should know
In a major overhaul, the Securities and Exchange Board of India (SEBI) and National Stock Exchange (NSE) will introduce a new Closing Auction Session (CAS) from August 3.
Paramount pushes for early trial in Warner Bros merger case
Paramount Skydance has requested a judge to set the antitrust trial for its planned merger with Warner Bros. Discovery in November.
Dr. Reddy's Laboratories wins US FDA approval for rituximab biosimilar
Dr Reddy’s Laboratories has received US FDA approval for its rituximab biosimilar, with Fresenius Kabi set to exclusively commercialise the product in the US market.
Tankers resume transfers through Strait of Hormuz easing fuel fears
The crucial oil-shuttling trade through the Strait of Hormuz has resumed after a brief lull, aiding global supply amid escalating Middle East tensions.
UPI records 23.66 billion transactions in July worth ₹29.88L/cr
Unified Payments Interface (UPI) achieved a record 23.66 billion transactions worth Rs 29.88 lakh crore in July 2026, surpassing May's previous high of 23.20 billion transactions.
South Korea exports hit $98.89B as AI demand surges
South Korea's exports soared 62.8% in July, surpassing forecasts, driven by robust global demand for semiconductors and computers amid rising AI investments.
Why SpiceJet is paying salaries to employee in phases
SpiceJet, a domestic airline, is facing financial challenges.
LPG price cut: Commercial cylinders now cheaper by over ₹200
The Indian government has slashed the prices of 19kg commercial LPG cylinders by over ₹200 in Delhi and Kolkata.
Apple tumbles nearly 10% after forecast miss, $500B wiped
Apple's shares plunged nearly 10% after a weak forecast revealed component shortages, threatening its market dominance and paving the way for Nvidia to reclaim the top spot.
SEBI, NSE launch CAS to replace VWAP for F&O stocks
India's equity markets will undergo a major shift starting Monday, August 3, as SEBI and NSE introduce new closing auction sessions for F&O stocks, altering market closing times.
Elon Musk loses over $600 billion since June 16 peak
Elon Musk’s net worth has dropped to $684 billion, down over $600 billion since SpaceX shares tumbled 46% following their June 16 peak.
Edelweiss Mutual Fund launches India's 1st REIT index fund
India is set to launch its first REIT index fund in August 2026, offering investors diversified exposure to listed REITs and real estate stocks.
FIFA scraps $4.2 billion sale of 20% commercial stake
FIFA has scrapped its $4.2-billion proposal to sell a minority stake in its commercial operations after facing global backlash from football federations and internal dissent.
AI data center boom makes electricians among best paid trades
Google, Meta, and other tech companies are investing heavily in training skilled workers to build data centers, driving wages in construction trades to unprecedented levels.
Tax filers face up to ₹5,000 penalty as RBI meets
Key updates include the August 31 ITR deadline, RBI MPC meeting outcomes, revised banking charges, Tatkal booking changes, and Axis Bank credit card updates.
Hindustan Unilever hikes detergents and dishwashing prices as costs climb
Indian companies, including Hindustan Unilever, are set to implement measured price increases across various products as rising commodity costs and inflationary pressures persist.
Optimystix Entertainment opens 1st-ever IPO on August 7 seeking ₹107.88cr
Optimystix Entertainment India will launch its Rs 107.88 crore IPO on August 7, 2026, featuring a fresh issue of shares and an offer-for-sale by promoter Vipul D Shah.
India's government recommendations on chip categories due in 2 weeks
The government will unveil recommendations for strategic semiconductor chips within two weeks, following the release of ISM 2.0 guidelines, says ISM CEO Amitesh Kumar Sinha.
Tata Electronics and ASML discuss making chip parts in India
Tata Electronics and ASML are in early discussions to localize manufacturing of components for advanced chipmaking equipment, potentially boosting India's semiconductor ecosystem.
Donald Trump appeals July 2026 $10 billion lawsuit ruling
President Trump is appealing Judge Kathleen Williams' decision to continue probing his $10 billion IRS lawsuit, which she claims was used to legitimize a controversial settlement.
US dollar slides 1.3% after Kevin Warsh warns on inflation
The dollar fell 1.3% this week, its steepest drop since April, as concerns over the Federal Reserve’s commitment to tackling inflation weighed on investor sentiment.
Hedge funds make biggest bullish WTI bets since March
Hedge funds increased bullish bets on US oil by 21,402 contracts, the fastest rise since March, driven by global supply disruptions from Iran to the Red and Black Seas.
Clement Delangue seeks $100 million compute from OpenAI after hack
Hugging Face CEO Clement Delangue revealed the company prefers collaboration over legal action after a rogue AI attack, requesting $100 million in compute from OpenAI instead.
Punjab National Bank raises $1 billion under RBI special swap
Punjab National Bank is securing a $1 billion five-year dollar loan, underwritten by Mashreq Bank and CTBC, to leverage RBI's special swap facility for FCNR (B) deposits.
Indian firms ramp up hiring of agentic and forward-deployed engineers
India Inc is prioritizing engineers skilled in applying AI to solve customer problems and enhance workflows, with demand for roles like agentic AI engineers surging by 260%.
Maruti Suzuki's Q1 results: Net profit dips 11% to ₹3,352cr
Maruti Suzuki India Limited has reported an 11% decline in its net profit for the first quarter of FY27.
You can soon pay via UPI in Maldives
The Unified Payments Interface (UPI) has expanded its international footprint with the addition of the Maldives as its 10th market.
India's fiscal deficit in Q1 FY27 surges to ₹3.1L crore
India's fiscal deficit widened to ₹3.1 lakh crore in the first quarter of FY27, according to data released by the Controller General of Accounts (CGA) today.
Faster internet for specialized services might soon be available
The Indian government is considering a review of its net neutrality framework to allow telecom operators to offer differentiated internet connectivity and speeds, as per Economic Times.
Centre extends PM-KISAN for 5 years with ₹3.15L crore outlay
The Union Cabinet has approved the extension of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme by five years, until the fiscal year 2030-31. The total outlay for this extended period is ₹3,15,614 crore.
Why Swiggy shares fell despite better Q1 results
Swiggy's shares fell over 5% in intraday trading on the BSE today, a day after the company announced its June quarter (Q1FY27) results.
India's Q1 crude oil import bill hits record $50B
India's crude oil import bill for the first quarter of FY27 has hit a record high, nearing $50 billion.
Why Amazon and Flipkart are slashing seller fees
Amazon and Flipkart are slashing or waiving commissions on a wide range of products. The move is aimed at expanding their footprint in India's smaller cities and towns, where online shopping is booming.
RBI lets banks offer differential rates on bulk deposits
The Reserve Bank of India (RBI) has permitted banks to offer different interest rates on bulk deposits, depending on their specific run-off rates under the liquidity coverage ratio (LCR) framework.
Key financial rules changing from August 1
August will bring a series of changes that could affect your everyday life, including banking rules, tax regulations, and travel procedures.
Why IndiGo won't order new aircraft before 2030
IndiGo, India's largest airline, will delay its next aircraft order till 2030.
Shocker! BP is selling its North Sea oil, gas business
UK oil and gas giant BP has announced the sale of its North Sea business, marking the end of over 60 years of production in the region.
Flipkart Plus members now get Netflix's mobile plan for free
E-commerce giant Flipkart has teamed up with streaming service Netflix to offer a free monthly Netflix Mobile Plan.
ITR deadline today: Last-minute checklist for taxpayers
The deadline for filing Income Tax Returns (ITR) is today. Taxpayers are advised to double-check certain details before hitting the 'Submit' button.
HSBC to stop retail banking services in Australia next year
HSBC, the London-based multinational bank and financial services holding company, has announced its exit from the Australian retail banking sector.
After IndiGo, Air India joins electric aircraft business
Air India has marked its entry into India's nascent electric vertical take-off and landing (eVTOL) aviation sector.
Bajaj Finserv Q1 results: Net profit rises 12% to ₹3,132cr
Bajaj Finserv has reported a consolidated net profit of ₹3,132 crore for the first quarter of FY27.
Apple posts record June quarter revenue of nearly $110B
Apple has reported a record revenue for the June quarter, driven by robust iPhone and Mac sales.
Microsoft's $450B one-day surge sets Wall Street record
Microsoft has witnessed a massive surge in its stock price, with shares jumping over 15% on Thursday. The jump has added nearly $450 billion to the company's market capitalization.
China's factory activity shrinks for first time in 5 months
China's factory activity has seen an unexpected contraction in July, the first such decline since February.
Gold heads for first monthly gain in 5 months
Gold prices fell slightly on Friday, but are still headed for their first monthly gain in five months.
Tesla considers separating China business amid SpaceX merger talks: Report
Tesla is considering the separation of its China business in light of a possible merger with SpaceX, The Wall Street Journal reported.
KOSPI rockets 17% as Samsung, SK Hynix lead rebound
South Korea's benchmark KOSPI index staged a remarkable recovery on Friday, soaring 17% to recover most of the losses incurred earlier this week.
Zepto pauses listing plans, seeks over ₹1,000cr in pre-IPO funding
Zepto, a leading player in the quick commerce industry, has decided to put its initial public offering (IPO) plans on hold, as per Moneycontrol.
L&T to create in-house ecosystem for making EV components
Larsen & Toubro Electronic Products & Systems (LTEPS) has announced its plan to provide an entire ecosystem of mobility solutions in-house.
Why RBI sold $7B last Friday
The Reserve Bank of India (RBI) sold around $7 billion last Friday in a bid to defend the Indian rupee.
ITR filing deadline tomorrow: What happens if you miss it
The deadline for filing Income Tax Returns (ITR) for the Assessment Year (AY) 2026-27 is tomorrow.
Mahindra's Q1 results: Net profit rises 6.8% to ₹3,685cr
Mahindra & Mahindra, a leading Indian automaker, has reported a 6.8% rise in its standalone profit after tax for the quarter ending June 30.
Flipkart now lets you pay for products within 30 days
Flipkart has launched a new credit service called "Flipkart Pay Later," in partnership with PayU Finance.
PhonePe introduces PulsePro, an intelligence platform for businesses
PhonePe has launched a new enterprise intelligence platform called PulsePro.
India's gold demand down 6% in Q2: What's the reason?
India's gold demand fell by 6% to 131 tons in the June quarter (Q2), according to a report by the World Gold Council.
X settles 2-year legal battle with global advertising body
Elon Musk's social media platform, X, has settled a long-standing legal dispute with the World Federation of Advertisers (WFA).
Meta shares tank 11% as AI spending spree rattles investors
Meta, the parent company of Facebook, WhatsApp, and Instagram, has witnessed a major dip in its stock prices.
Microsoft revenue hits $90B as AI fuels record quarter
Microsoft's shares rose by 8% in after-hours trading on Wednesday, following the company's announcement of a strong fiscal fourth-quarter revenue and steady 2026 capital expenditure plans.
Samsung's profit explodes over 1,800% on AI chip demand
Samsung Electronics has reported a record-breaking quarterly operating profit for the second quarter of 2026.
Google Pay's new credit card is here: Check fee, benefits
SBI Card and Google Pay have teamed up to launch a new co-branded credit card.
Indo-MIM shares list at 45% premium over IPO price
Indo-MIM, a leading manufacturer of precision engineering components, has made a strong debut on the stock market.
Oil prices fall below $90
Oil prices have witnessed a slight decline as tankers continue to operate in West Asia, despite rising tensions.
Federal Reserve holds rates as 3 policymakers vote for hike
The US Federal Reserve has voted to keep its key interest rate unchanged, amid concerns over persistent inflation.
Air Force One delays push Boeing's losses past $3B
Boeing has announced a massive financial blow in the form of an additional $280 million loss related to its long-delayed Air Force One project.
Moonshot AI hits $35B valuation after Kimi K3 breakthrough
Chinese artificial intelligence (AI) start-up Moonshot AI has achieved a whopping $35 billion valuation, following a successful funding round that raised $3.5 billion.
Why Bengaluru restaurants are threatening to quit Swiggy and Zomato
Bengaluru's hotel and restaurant associations have threatened to stop accepting orders through leading food delivery platforms, Swiggy and Zomato.
New market closing rules could dent Zerodha revenue: Nithin Kamath
Nithin Kamath, the co-founder and CEO of Zerodha, has warned that a major change in India's equity market structure could impact the brokerage firm's revenue.
Adani Enterprises posts ₹1,160cr loss in Q1
Adani Enterprises, billionaire Gautam Adani's flagship firm, has reported a consolidated net loss of ₹1,160 crore for the June quarter, as against a net profit of ₹885 crore in the same period last year.
iPhones drive India's smartphone exports to record $9.8B in Q1
India's smartphone exports have hit a record high of nearly $10 billion in the first quarter of FY27.
BMW to cut 8,000 jobs by end of 2027
BMW has announced plans to offer voluntary redundancy to nearly half of its German workforce. The move is part of a larger strategy to cut around 8,000 jobs by the end of 2027.
Sensex surges 900 points: Key reasons behind today's rally
The Indian stock market is witnessing a major rally today, with the BSE Sensex soaring by over 880 points at the time of writing.
eBay to pay $56M to couple it harassed in 2019
In a bizarre chapter of e-commerce history, eBay has agreed to pay $56 million to a couple of newsletter writers.
iyO v/s OpenAI: Court halts proceedings amid settlement talks
The ongoing trademark lawsuit between iyO and OpenAI, along with Jony Ive, has been temporarily halted.
Why SK Hynix shares crashed despite 557% profit surge
South Korean chipmaker SK Hynix reported surging quarterly earnings, though its results fell short of high investor expectations fueled by the AI boom.
South Korea halts trading as AI chip selloff batters stocks
South Korea's benchmark Kospi index has witnessed a massive fall of over 11%. The decline has led to a market-wide trading halt for the second consecutive session.
BuzzFeed cuts 33% of workforce
BuzzFeed, the media giant that was an early adopter of artificial intelligence (AI), has announced a massive layoff.
Visa cuts 2,600 jobs
Visa, the world's largest payments network, is planning to lay off nearly 7% of its workforce.
Ferns N Petals plans IPO by end of 2028
Ferns N Petals, an Indian gifting retailer backed by Lighthouse, is planning to go public by the end of 2028.
India gets new digital payment fraud watchdog
The Indian government has launched the India Digital Payment Intelligence Corporation (IDPIC) to combat cyber financial frauds.
Delhi HC orders winding up of Paytm Payments Bank
The Delhi High Court has ordered the closure of Paytm Payments Bank Limited (PPBL), a move initiated by the Reserve Bank of India (RBI) after the bank's failure to comply with regulatory norms.
How Musk lost nearly $500B in a month
Elon Musk's net worth has witnessed a massive decline in July, plummeting from about $1.32 trillion to some $832 billion.