Business News
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Ex-Reliance executive Amitabh Jhunjhunwala denied bail in ₹11,000cr money-laundering case
A Delhi court has denied bail to Amitabh Jhunjhunwala, a former Reliance executive, in an ₹11,000 crore money laundering case.
Why Modi government sold 4,000 tons of buffer onions
The Indian government has sold nearly 4,000 tons of buffer onions in 17 cities over the last 10 days. The move is part of a subsidized sale strategy to bring down the skyrocketing prices.
OPEC+ likely to keep oil output policy unchanged for October
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, are likely to keep their oil output policy unchanged for October.
OPEC keeps oil production quotas steady through end of year
Major OPEC nations, led by Saudi Arabia and Russia, have decided to maintain steady production targets amid ongoing disruptions caused by the US-Iran conflict in the Middle East.
micro1 hiring 10,000 worldwide to label robot training videos
California-based micro1 is hiring 10,000 people globally to train robots by reviewing and labeling task videos, offering up to $90/hour with no prior AI experience required.
How to check if Aadhaar is linked to multiple SIMs
Did you know that your Aadhaar card can be linked with multiple mobile numbers?
Indian Bank to open representative office in Dubai
Indian Bank has announced its plans to set up a representative office in Dubai. The decision comes after the bank's board approved the move as part of its strategy to expand overseas operations.
GST Council shifts meeting to October 7 over BRICS summit
The 57th GST Council meeting, initially set for September 12, has been postponed to October 7 due to a scheduling conflict with the BRICS Summit in New Delhi.
China injects $54 billion into state-owned banks and insurers
China's finance ministry will inject $54 billion into state-owned banks and insurers, aiming to strengthen financial stability and support economic growth amid weak loan demand.
PayPal, Oracle, Volkswagen layoffs: Is severance pay taxable in India?
In the wake of recent layoffs by global giants like PayPal, Oracle, and Volkswagen, the issue of severance packages has come to the fore.
7 candidates compete for ONGC's chief post
Seven candidates shortlisted for the top job at state-run Oil and Natural Gas Corporation (ONGC) are likely to appear before a search-cum-selection committee this week, according to PTI sources familiar with the selection process.
McKinsey report finds AI adoption at 44%, profits still lag
Companies are scaling AI usage across functions, with 44% achieving enterprise-wide deployment, yet only 37% report significant financial gains, McKinsey reveals.
Bonus calculation may rise for government employees under new rules
The central government has announced that eligible employees with a monthly wage of over ₹7,000 will have their bonus calculated on either ₹7,000 or the minimum wage set by the government, whichever is higher.
SC to hear plea seeking regulation of airfares tomorrow
The Supreme Court of India will hear a petition on September 7, demanding regulatory guidelines to control the "unpredictable fluctuations" in airfares and ancillary charges by private airlines.
Jio launches ₹3,599 'Mega Anniversary' plan: What are the benefits?
To celebrate its 10th anniversary in India, Reliance Jio has launched a new "Mega Anniversary" plan priced at ₹3,599.
Why Modi government may liberalize FDI in plantation sector
The Indian government is mulling changes to its foreign direct investment (FDI) policy in the plantation sector, particularly focusing on commercial crops like bananas.
Just 33% of 37L missing phones recovered in India
The Central Equipment Identity Register (CEIR) has revealed that a staggering 36.7 lakh missing mobile phones were traced in India.
SBI to recruit 12,000 employees, open 250 branches in FY27
The State Bank of India (SBI) plans to recruit nearly 12,000 new employees and open around 250 branches this fiscal year.
FPIs withdraw ₹7,443cr from equities in 1st week of September
Foreign portfolio investors (FPIs) have turned net sellers in the first week of September, withdrawing ₹7,443 crore from Indian equities.
Layoffs at PayPal Oracle Volkswagen in India spotlight severance taxation
Recent layoffs by PayPal, Oracle, and Volkswagen in India have spotlighted severance packages, which are often taxable under Indian law with specific exemptions available.
Sebi's closing auction session triggers 6,000 point Sensex swings
The introduction of Sebi's Closing Auction Session (CAS) has caused unprecedented volatility, with four expiry days in a month triggering over 6,000 points of Sensex swings.
ONGC to interview 7 candidates for CMD this week
Seven candidates, including Oil India Ltd CMD Ranjit Rath, will face a second round of interviews this week as the government advances its search for ONGC's next chairman.
NoBroker.com hits 965cr revenue, eyes profit in 8-10 months
NoBroker.com, a Bengaluru-based proptech unicorn, surpassed ₹1,000 crore revenue in FY26 and aims to achieve profitability within the next 8-10 months.
Ola Electric to raise up to ₹1,500cr
Ola Electric, a leading player in the electric two-wheeler market, has approved a plan to raise up to ₹1,500 crore.
ISRO employees' unions raise concerns over privatization of space sector
Nine employee organizations representing thousands of Indian Space Research Organization (ISRO) staff have sought clarification from the Department of Space (DoS) over the government's plan to increase private sector participation in India's space industry.
Indian Bank gets Dubai representative office approval, Binod Kumar says
Indian Bank has secured board approval to establish a representative office in Dubai, aiming to leverage the significant Indian diaspora in West Asia and boost foreign operations.
India considering greater FDI in banana plantations to boost exports
India plans to expand foreign investment norms for plantations, aiming to include bananas and boost exports, enhancing its global market share in banana production.
AI agents bring Wall Street tools to Robinhood and Webull
Everyday investors are leveraging AI agents to automate sophisticated trading strategies, transforming their portfolios into mini hedge funds with precision and efficiency.
Chinese pharma major sells 4.55% Gland Pharma stake for ₹2,121cr
Fosun Pharma, a leading Chinese pharmaceutical company, has sold a 4.55% stake in Hyderabad-based Gland Pharma for ₹2,121.50 crore.
Adani Defence to offer ammunition for India's AK-203 rifles
Adani Defence and Aerospace has inked a five-year deal with Indo-Russian Rifles Pvt Ltd (IRRPL) to supply home-made 7.62x39 mm ammunition for AK-203 assault rifles.
SBI plans about 12,000 hires and 250 branches in 2026-27
State Bank of India (SBI) plans to recruit 12,000 personnel and expand its network by adding 250 branches in FY27, according to Chairman C S Setty.
US AI investments drive job surge, European inflation hits 3.3%
US job growth surged in August, with payrolls rising the most in five months and unemployment steady at 4.1%, driven by gains in manufacturing, construction, and AI investments.
Foreign investors withdraw 7,443cr from Indian stocks, YTD 2.32L/cr
Foreign portfolio investors withdrew ₹7,443 crore from Indian equities in early September, driven by rising crude oil prices, firm US bond yields, and a strengthening dollar.
Government revises central employee bonus using ₹7,000 or minimum wage
The central government may revise bonus calculations, considering demands to increase the ceiling from ₹7,000 to ₹21,000 or use sector-wise minimum basic salaries.
Oil prices surge after US Iran clashes Brent $96.28
Oil prices spiked as US-Iran military tensions escalated, with Brent crude nearing $100 a barrel amid fears of supply disruptions through the critical Strait of Hormuz.
AI boom pushes global billionaire wealth to record $15.1 trillion
The world's billionaire population has hit a new high in 2025, with the artificial intelligence (AI) boom contributing to a massive increase in wealth.
Tata-owned JLR to cut around 4,000 jobs in UK
Jaguar Land Rover (JLR), the UK's largest car manufacturer, is planning to cut around 4,000 jobs over the next two years.
TCS to build AI data center in Hyderabad for ₹70,000cr
Tata Consultancy Services (TCS) has announced plans to build a massive artificial intelligence (AI) data center campus in Hyderabad.
How to boost India's manufacturing growth? KPMG has an idea
A recent KPMG report has revealed that a sustained 30% improvement in workforce productivity could account for nearly 35% of India's future manufacturing output.
iBRICS summit in Delhi next week: What's on the agenda
The first-ever iBRICS Summit will be held in New Delhi on September 12 and 13.
Foxconn's monthly sales soar 52% on AI server demand
Hon Hai Precision Industry Co. better known as Foxconn, has reported a whopping 52% increase in its monthly sales.
CDs are making comeback as retro tech craze gains momentum
In an unexpected turn of events, the Recording Industry Association of America (RIAA) has confirmed a major resurgence in CD sales. The trend comes as part of a larger revival of retro technology.
11 IPOs worth over ₹7,000cr opening for subscription next week
The primary market is gearing up for a busy week, with 11 initial public offerings (IPOs) worth over ₹7,000 crore set to open for subscription between September 7 and September 10.
Why CBI filed an FIR against Subhash Chandra, 3 others
The Central Bureau of Investigation (CBI) has filed an FIR against Essel Group Chairman Subhash Chandra and three others.
India's forex reserves soar $11.5B to all-time high of $741B
India's foreign exchange reserves have witnessed a massive jump of $11.47 billion, hitting a new record high of $740.8 billion as of August 28.
Who will be the next chairman of Tata Sons?
The race for the next chairman of Tata Sons has narrowed down to three candidates, according to PTI.
LIC can now acquire 9.99% stake in ICICI Bank
The Reserve Bank of India (RBI) has approved Life Insurance Corporation of India's (LIC) proposal to acquire up to 9.99% of ICICI Bank's share capital.
Why RBI's ₹7L crore VRRR auction on Monday matters
The Reserve Bank of India (RBI) has announced that it will conduct a ₹7 lakh crore variable rate reverse repo (VRRR) auction on September 7.
Bitcoin falls below $80,000 mark: Here we decode why
Bitcoin's recent surge above the $80,000 mark has been cut short by stronger-than-expected US jobs data.
Anthropic delays IPO marketing as $2 trillion valuation talks build
Anthropic, a prominent player in the artificial intelligence (AI) space, has pushed back its initial public offering (IPO) timeline, acording to Reuters.
Nscale plans US IPO, seeks $3.5B ahead of public listing
Nscale, a UK-based artificial intelligence (AI) infrastructure start-up launched just two years ago, is gearing up for an initial public offering (IPO) later this month.
Why OpenAI, Microsoft have been sued by Seattle Times, Newsday
The Seattle Times and Newsday have filed a lawsuit against OpenAI and Microsoft, alleging copyright infringement.
Krafton to invest another $250M in India, diversifying beyond gaming
Krafton, the South Korean gaming giant behind popular titles like PUBG and Battlegrounds Mobile India (BGMI), has announced plans to invest an additional $250 million in India over the next three to four years.
NSE's ₹30,000cr IPO gets SEBI nod
The Securities and Exchange Board of India(SEBI) has approved the initial public offering (IPO) of the National Stock Exchange (NSE).
Coca-Cola, PepsiCo packaging supplier eyes ₹1,500cr IPO
Chemco Plastic Industries, a leading supplier of plastic packaging products to major companies like Coca-Cola and PepsiCo, is gearing up for an initial public offering (IPO) worth ₹1,500 crore, according to Moneycontrol.
Kenya tells Tata Chemicals to pack up and leave
Tata Chemicals, one of India's leading chemical manufacturers, has been ordered to leave Kenya by President William Ruto.
Telcos oppose TRAI's proposed 5G network slicing rules
Leading telecom operators Reliance Jio, Bharti Airtel and Vodafone Idea have opposed the Telecom Regulatory Authority of India's (TRAI) proposed quality of service (QoS) regulations for 5G network slicing.
South Korea, US negotiate chip investments as tariff concerns grow
South Korea and the US are in talks over semiconductor investments in the US, a Seoul official said on Friday.
BSE shares jump 5% as SEBI reviews derivative settlement rules
The Bombay Stock Exchange (BSE) witnessed a nearly 5% surge in its share price to ₹3,474 during today's market session.
ESDS Software shares hit 112% gain after blockbuster debut
ESDS Software Solution's shares made a stellar debut on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) today.
Payment aggregators seek RBI's extension on merchant re-KYC deadline
Payment aggregators have requested the Reserve Bank of India (RBI) to extend the September 15 deadline for merchant re-KYC.
Anthropic seeks $15B debt arrangement ahead of IPO
Anthropic, an artificial intelligence (AI) firm and the creator of the Claude chatbot, is in the final stages of securing a $15 billion pre-initial public offering (IPO) credit facility, according to Bloomberg.
Oura, maker of popular smart rings, files for IPO
Oura, the Finnish company known for its innovative smart rings, has filed for an initial public offering (IPO). The move comes as a major milestone in the company's journey since its founding in 2013.
Who is Anil Chakravarthy, Adobe's new CEO?
Adobe has announced the appointment of Anil Chakravarthy as its new president and chief executive officer (CEO). The move comes as the company prepares for a new era in the software industry, driven by artificial intelligence (AI).
Sensex rises nearly 550 points as IT stocks lead gains
India's stock market opened on a positive note today, with the Sensex gaining over 500 points in early trade.
Data center developer Crusoe raises $3B at $30B valuation
Crusoe, a leading data center developer and client of tech giants like Meta, Microsoft, and OpenAI, has raised $3 billion in its latest funding round.
Volkswagen to cut 100,000 jobs by 2030
Volkswagen, the German automotive giant, has announced plans to cut 100,000 jobs by the end of this decade.
NVIDIA buys Hugging Face for $13B
NVIDIA has announced its decision to acquire Hugging Face for $12.93 billion.
Swiggy's CREW can plan, book and manage your entire trip
Swiggy has expanded its premium concierge platform CREW into the travel sector. The new service is a dedicated personal travel concierge that plans, books and curates entire journeys with on-site assistance.