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Business News

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09 Jul 2026
TL;DR

TCS posts $2.6B AI revenue in Q1 FY27, up 13.6%

TCS reported $2.6 billion in annualised AI revenue for Q1 FY27, marking a 13.6% sequential growth, driven by major AI-led transformation deals and strategic partnerships.

09 Jul 2026
TL;DR

Google appeals Delhi High Court finding of Hindware trademark infringement

Google has appealed a Delhi High Court ruling that penalized it for trademark infringement, arguing the decision disrupts digital advertising and limits consumer choice in India.

09 Jul 2026
TL;DR

Great Place to Work India finds discretionary effort fell 5%

A recent study reveals that 63% of Indian companies experienced a 5% drop in employees’ discretionary effort, with retail and IT sectors being the most affected.

09 Jul 2026
TL;DR

ADB trims 2026 growth forecast to 4.9% for developing Asia

The Asian Development Bank has cut its 2026 growth forecast for developing Asia to 4.9%, citing prolonged energy market disruptions from the ongoing West Asia conflict.

09 Jul 2026
TL;DR

TCS posts 14% revenue jump to ₹72,275 cr starting FY27

Tata Consultancy Services reported a 14% rise in Q1 revenue to ₹72,275 crore, surpassing estimates, with net profit at ₹13,349 crore despite a one-time $70 million charge.

09 Jul 2026
TL;DR

TCS hires 9,279 in Q1 FY27 amid flat global demand

Tata Consultancy Services (TCS) added 9,279 employees in Q1 FY27, marking its strongest quarterly headcount growth in over a year amid cautious market conditions.

09 Jul 2026
TL;DR

SpaceX $85.7B IPO and AI boom fuel private jet demand

A surge in wealth from AI startups and SpaceX IPOs is driving tech investors to splurge on private jets, marking private aviation as an early beneficiary of the AI boom.

09 Jul 2026
TL;DR

TCS declares ₹12 per share interim dividend after Q1 results

Tata Consultancy Services (TCS) announced an interim dividend of ₹12 per share, payable on July 31, 2026, to shareholders recorded by July 15, 2026.

09 Jul 2026
TL;DR

Indian markets rebound as Sensex up 238 points, smallcaps climb

Benchmark indices Sensex and Nifty closed higher on Thursday, recovering from steep losses despite US-Iran tensions, as investors shifted focus to TCS's June-quarter earnings.

09 Jul 2026
Air India

Chandrasekaran to oversee Air India until new CEO is named

Tata Sons has formed an interim management committee to oversee Air India until a new CEO is appointed.

09 Jul 2026
TL;DR

Tata Consultancy Services Q1 FY27 revenue ₹72,275cr, profit ₹13,349cr

Tata Consultancy Services reported a net profit of Rs 13,349 crore for Q1 FY27, missing estimates, while revenue surpassed expectations at Rs 72,275 crore.

09 Jul 2026
TL;DR

Indiabulls shares surge nearly 5% to ₹29.61 as markets rise

Indiabulls shares hit a 5% upper circuit on July 9, driven by renewed investor sentiment as benchmark indices rebounded, with the Sensex and Nifty posting gains.

09 Jul 2026
TL;DR

Sensex jumps 238.22 points, Nifty above 23,950 as realty leads

Indian benchmark indices rebounded on July 9, with Sensex rising 238 points and Nifty ending above 23,950, driven by broad-based buying across sectors despite profit booking later.

09 Jul 2026
TL;DR

HSBC cuts gold forecast to $4,560 in 2026, $4,925 2027

HSBC has lowered its gold price forecasts for 2026 and 2027, citing expectations of a stronger U.S. dollar and a hawkish Federal Reserve stance.

09 Jul 2026
TL;DR

Redseer projects India food services to reach $150bn by FY31

India's food services market is projected to grow from USD 90 billion in FY26 to USD 150 billion by FY31, with the online segment's share rising from 11% to 18%.

09 Jul 2026
TL;DR

MillWorks Technologies opens BSE SME IPO to raise ₹160cr

Millworks Technologies aims to raise ₹160 crore via an IPO on the BSE SME platform, offering 48.44 lakh shares priced between ₹315-₹331 each, opening Tuesday.

09 Jul 2026
TL;DR

India posts record ₹73,800cr seafood exports despite US 58% tariff

India’s seafood exports surged to an all-time high of Rs 73,800 crore in 2025-26, overcoming a significant 58% US tariff through strategic free trade agreements.

09 Jul 2026
TL;DR

Gold in India jumps ₹1,038 to ₹1.44L per 10g

Gold futures surged by ₹1,038 to ₹1.44 lakh per 10 grams, recovering from a three-session decline as bargain hunting and a weaker US dollar supported prices.

09 Jul 2026
TL;DR

US judge orders Gautam Adani to answer DOJ dismissal questions

A US judge has ordered Gautam Adani to provide sworn answers regarding potential agreements tied to the Justice Department’s decision to drop bribery charges against him.

09 Jul 2026
Asian Development Bank

India's growth forecast revised to 6.6% amid oil price concerns

The Asian Development Bank (ADB) has revised India's growth forecast for the fiscal year 2026-27 (FY27) to 6.6%, down from its earlier estimate of 6.9% in April.

09 Jul 2026
TL;DR

Vedanta Oil and Gas jumps 8% after $99 million award

Vedanta Oil and Gas shares surged 8% after the Delhi High Court cleared $99 million in arbitral awards, boosting investor sentiment despite weaker Q1 production performance.

09 Jul 2026
TL;DR

Ixigo developing voice-only payments with consent safeguards under review

Ixigo is advancing voice-enabled payments to create a seamless travel booking experience, while ensuring compliance and robust safeguards to prevent inadvertent transactions.

09 Jul 2026
Diabetes

World's first once-weekly insulin launched in India: Check prices

Danish pharmaceutical company Novo Nordisk has launched Awiqli, the world's first once-weekly basal insulin for adults with Type 1 and Type 2 diabetes.

09 Jul 2026
TL;DR

IBS Group launches Naviq technology with $500 million 5-year AI initiative

IBS Group has launched Naviq Technology, an AI-focused firm for the global travel sector, with plans to invest $500 million over five years to drive business transformations.

09 Jul 2026
TL;DR

AI physical security startup Hakimo raises $12 million, now $32 million total

Hakimo, an AI-driven physical security platform, secured $12 million in growth funding led by Zigg Capital, bringing its total funding to $32 million.

09 Jul 2026
TL;DR

SBI Funds Management to list July 21 after ₹11,692.91cr IPO

SBI Funds Management's Rs 11,692.91-crore IPO will list on July 21, with a price band of Rs 545-574 per share. July 7 is the last date for shareholder eligibility.

09 Jul 2026
TL;DR

India's GCCs employ nearly 2 million earning over $64 billion

India's Chief Economic Adviser emphasized that while AI won't replace Global Capability Centres, centres failing to adapt risk falling behind in the evolving landscape.

09 Jul 2026
Donald Trump

Judge approves SEC settlement over Musk's delayed Twitter stock disclosures

A US District Judge has approved the Securities and Exchange Commission (SEC)'s settlement with Elon Musk over his delayed disclosure of Twitter share purchases.

09 Jul 2026
TL;DR

SBI Funds IPO opens July 14-16 priced ₹545-574, ₹750cr reserved

SBI Funds Management's Rs 11,693-crore IPO reserves up to 1.3 crore shares worth nearly Rs 750 crore for over 38 lakh eligible SBI shareholders.

09 Jul 2026
TL;DR

Taiwan central bank governor warns AI hype risks economic bubble

Taiwan's central bank governor cautioned lawmakers about speculative risks in the booming AI sector, emphasizing concerns over corporate over-leveraging amid rapid growth.

09 Jul 2026
India

India now hosts half of world's GCCs: CEA Nageswaran

India is now home to nearly half of the world's Global Capability Centers (GCCs), Chief Economic Adviser (CEA) V Anantha Nageswaran said on Thursday.

09 Jul 2026
TL;DR

Wainua misses main target in AstraZeneca and Ionis Pharmaceuticals trial

AstraZeneca's nerve disease drug Wainua failed to meet its primary goal of reducing cardiovascular deaths and recurring heart issues in a late-stage trial involving 1,432 patients.

09 Jul 2026
TL;DR

Microsoft to lay off 4,800 employees while expanding AI investments

Microsoft is offering laid-off employees up to 39 weeks of base pay, extended stock vesting, and six months of health insurance as part of its generous severance package.

09 Jul 2026
Nifty

Sensex jumps 600 points, Nifty reclaims 24,000

The Indian stock market witnessed a recovery on Thursday, with the Sensex and Nifty gaining over 0.8% each.

09 Jul 2026
LinkedIn

Sonos lays off senior design and product executives amid restructuring

Sonos, the popular audio company, has laid off several senior executives from its design and product teams amid larger restructuring effort within the company.

09 Jul 2026
TL;DR

Hexaware names Srinivasan Panchapakesan president and chief platform officer

Hexaware Technologies shares climbed nearly 3% after appointing Srinivasan Panchapakesan as President and Chief Platform Officer to strengthen its AI-led platform strategy.

09 Jul 2026
TL;DR

V. Anantha Nageswaran urges innovation as AI displaces repetitive tasks

Chief Economic Adviser V Anantha Nageswaran emphasized that while AI transforms industries, human expertise remains crucial for designing, deploying, and governing these systems.

09 Jul 2026
TL;DR

India's CEA V. Anantha Nageswaran urges firms boost skills, innovation

Chief Economic Adviser V Anantha Nageswaran emphasized that while the government has supported GCCs through Budget measures, industries must invest in skilling and innovation.

09 Jul 2026
TL;DR

Delhi HC allows CBI to prosecute Chitra Ramkrishna over co-location

The Delhi High Court rejected Chitra Ramkrishna's challenge to the CBI prosecution, affirming the NSE's public function and her role as a "public servant" under corruption laws.

09 Jul 2026
TL;DR

HSBC's Yogesh Aggarwal warns AI will hit IT in FY2027

HSBC India predicts FY27 as the peak of AI-driven pricing pressure on Indian IT, with valuations nearing their bottom and recovery expected to begin by FY28.

09 Jul 2026
TL;DR

Coforge unveils SecureEdge2Cloud AI security on Zscaler Zero Trust Exchange

Coforge has unveiled SecureEdge2Cloud, an AI-driven cybersecurity solution built on Zscaler's Zero Trust Exchange platform, targeting cloud, on-premises, and hybrid environments.

09 Jul 2026
TL;DR

Rishabh Agarwal leaves Meta to launch AI research venture

Rishabh Agarwal, an IIT Bombay alumnus and AI researcher, declined a multi-million-dollar Meta offer to co-found Periodic Labs, an AI startup revolutionizing scientific discovery.

09 Jul 2026
TL;DR

Volkswagen meeting considers closing plants and cutting 100,000 jobs worldwide

Volkswagen faces union protests as it proposes cutting 100,000 jobs globally and closing German plants, citing competition in China, US tariffs, and high European costs.

09 Jul 2026
TL;DR

Tata Advanced Systems emerges lowest bidder for ₹1,600cr loitering munitions

Tata Advanced Systems and Nibe Limited have emerged as top bidders to supply 840 loitering munitions for the Indian Army, with Tata likely securing ₹1,000 crore of the deal.

09 Jul 2026
TL;DR

Bitcoin drops to $62,038 as risk-off moves hit crypto markets

Bitcoin dipped to $62,000 on Thursday as geopolitical tensions and rising bond yields pressured markets, while $143 million in spot ETF inflows provided partial support.

09 Jul 2026
TL;DR

Narendra Modi announces India Australia working on bilateral investment treaty

India and Australia are negotiating a Bilateral Investment Treaty to boost economic ties, announced PM Modi during his visit to Melbourne.

09 Jul 2026
TL;DR

Cupid raises FY27 revenue target to at least ₹660 cr

Cupid shares surged nearly 6% following a steep correction, driven by upgraded FY27 revenue guidance of Rs 660 crore and strong Q1 performance, bolstering investor confidence.

09 Jul 2026
TL;DR

India becomes GCC powerhouse with 2,000 centers and $60 billion

India now hosts half of the world's Global Capability Centres, employing over 2 million professionals and contributing 2% to GDP, with a growing focus on AI and innovation.

09 Jul 2026
TL;DR

Judge Sparkle Sooknanan approves Elon Musk $1.5 million SEC settlement

Elon Musk agreed to pay $1.5 million to resolve SEC claims over delayed disclosure of Twitter share purchases, with a US judge approving the settlement despite raising concerns.

09 Jul 2026
TL;DR

ROR in India must declare foreign assets held in 2025

NRIs generally don't need to report foreign assets in Schedule FA unless their residential status changes to Resident and Ordinarily Resident (ROR) during the financial year.

SBI Funds Management reveals price band for ₹11,693cr IPO

SBI Funds Management Ltd., a subsidiary of State Bank of India (SBI), has announced a price band of ₹545 to ₹574 per share for its ₹11,693 crore initial public offering (IPO).

09 Jul 2026
TL;DR

Saicon Consultants acquires Nagpur's Pragmatyc Group to strengthen AIoT capabilities

US-based Saicon Consultants has acquired Nagpur-based Pragmatyc Group to enhance its expertise in enterprise AI, AIoT, and intelligent automation solutions.

09 Jul 2026
TL;DR

Dr. Reddy's pauses semaglutide supplies for Obeda over quality concerns

Dr Reddy's Laboratories has delayed semaglutide supplies due to an active ingredient issue, with certain batches found out of specification, prompting an ongoing investigation.

09 Jul 2026
TL;DR

Madan Padaki launches JanAI to bring AI to India's villages

Madan Padaki's JanAI initiative aims to democratize AI access in rural India through 1,000 Agentic AI cafés, grassroots solutions, and skill-building for youth.

09 Jul 2026
TL;DR

IIM Nagpur opens 1-year online FinTech Risk Management program

IIM Nagpur launches admissions for its one-year Post Graduate Certificate Programme in FinTech and Risk Management, tailored for working professionals.

09 Jul 2026
Ukraine

Russia bans diesel exports

In a bid to prevent domestic shortages, Russia has imposed a ban on diesel exports. The move comes in the wake of a series of Ukrainian drone attacks on Russian refineries.

09 Jul 2026
TL;DR

Kalyan Jewellers Q1 revenue up 38% stock jumps 12%

Kalyan Jewellers shares jumped 12% on Thursday, driven by robust Q1 revenue growth and positive analyst sentiment, extending gains for the second consecutive session.

09 Jul 2026
TL;DR

Zostel urges SEBI to probe Oyo IPO's 7% equity claim

Zostel has urged SEBI to review Oyo's updated draft red herring prospectus, alleging incomplete litigation disclosures related to their ongoing legal dispute.

09 Jul 2026
TL;DR

RBI launches Integrated Ombudsman Scheme 2026 with ₹30L compensation cap

The Reserve Bank of India has introduced the 2026 Ombudsman Scheme, enhancing consumer protection with higher compensation and broader coverage.

09 Jul 2026
TL;DR

US could lack 157,000 semiconductor workers by 2030 report warns

A skilled labor shortage threatens US semiconductor expansion, risking delays in major projects and jeopardizing competitiveness amid intensifying global competition with China.

09 Jul 2026
TL;DR

AustralianSuper pledges extra A$500 million in India at CEO forum

AustralianSuper commits AU$500 million to India's NIIF, reflecting global trust in India's economic reforms and offering significant opportunities for sustainable growth.

09 Jul 2026
TL;DR

SK Hynix proposes $28B share sale as AI demand booms

SK Hynix's $28 billion US share sale attracted demand exceeding offerings by over seven times, reflecting strong investor interest in AI supply chain firms, according to reports.

09 Jul 2026
TL;DR

Adani Enterprises pilots low-carbon formic acid with Dioxycle in India

Adani Enterprises and France's Dioxycle have partnered to develop low-carbon chemical production in India, starting with a pilot plant for formic acid using renewable energy.

09 Jul 2026
TL;DR

Ahmedabad's Silver Touch pivots to AI products targeting 300cr projects

Silver Touch Technologies is shifting focus to AI-led products, eyeing ₹300 crore opportunities across defence, infrastructure, energy, pharma, and transport.

09 Jul 2026
TL;DR

Bengaluru's Nurix pivots from voice AI to automating enterprise workflows

Nurix, co-founded by Mukesh Bansal, is expanding beyond voice AI to automate complex business workflows, aiming to transform enterprises with end-to-end AI-native solutions.

09 Jul 2026
TL;DR

India's 10-year yield at 6.76% after US strikes on Iran

The benchmark 10-year bond yield opened unchanged at 6.7606% after a sharp spike, as US-Iran tensions and rising Brent crude prices fueled market caution.

09 Jul 2026
TL;DR

Narendra Modi urges Australian firms to invest in India

Prime Minister Narendra Modi invited Australian businesses to invest in India, emphasizing economic growth and policy reforms, while advocating for swift finalization of the CECA.

09 Jul 2026
TL;DR

Sensex rebounds over 500 points after US strikes in Iran

The Sensex surged over 500 points on Thursday, recovering from a sharp decline, as investors shrugged off US-Iran tensions and found buying opportunities in large-cap stocks.

09 Jul 2026
Donald Trump

Oil nears $80 as renewed US-Iran tensions rattle markets

Oil prices surged on Thursday, following fresh US military strikes on Iran. The action has raised concerns over possible supply disruptions in the Middle East.

09 Jul 2026
TL;DR

Indian rupee opens flat at 95.55 amid oil, U.S.-Iran tensions

The Indian rupee opened nearly unchanged at 95.55 against the US dollar, as rising crude oil prices driven by West Asia tensions weighed on investor sentiment.

09 Jul 2026
TL;DR

Parag Parikh Flexicap Fund buys 5.4 million Infosys shares in June

India's largest mutual fund scheme, Parag Parikh Flexicap Fund, is increasing stakes in TCS, Infosys, and HCL Tech despite steep market value losses.

09 Jul 2026
TL;DR

Indian market rebounds, Sensex gains 510.62 points, Nifty tops 24,000

Indian equity benchmarks rebounded on July 9 as Sensex surged 510 points and Nifty reclaimed the 24,000 mark, driven by value buying and easing volatility.

09 Jul 2026
TL;DR

Heat cuts up to 10% productivity in India's garment factories

Global fashion brands face rising supply chain disruptions in India as extreme heat impacts garment workers' productivity, health, and factory operations.

09 Jul 2026
TL;DR

TCS shares drop nearly 2% to ₹2,018.5 ahead of results

TCS shares fell nearly 2% as investors anticipate Q1 FY27 results, focusing on AI strategy, demand recovery, and discretionary spending amid broader market gains.

09 Jul 2026
TL;DR

Income Tax Department releases ITR-5 Excel utility for AY 2026-27

The Income Tax Department has launched the ITR-5 Excel utility for AY 2026-27, enabling eligible entities like partnership firms and trusts to file their returns seamlessly.

09 Jul 2026
TL;DR

Tata Digital to sell 46% stake in Cult.fit IPO

Tata Digital plans to offload nearly half its stake in Cult.fit during the fitness chain’s IPO, marking its first share sale in a new-age company investment.

09 Jul 2026
TL;DR

Alpine Texworld IPO opens July 14 to raise ₹126.25cr

Gujarat-based textile firm Alpine Texworld plans to raise Rs 126.25 crore through its IPO, offering 1.2 crore equity shares at a price band of Rs 100-105 per share.

09 Jul 2026
TL;DR

Indian government exempts customs duties on display and battery parts

The Centre has slashed customs duties on critical electronics components, aiming to lower input costs and boost investments in India's high-tech manufacturing sectors.

09 Jul 2026
TL;DR

Asian Development Bank trims India's 2026-27 growth forecast to 6.6%

ADB has revised India's FY27 growth projection to 6.6% due to elevated energy costs, though it remains higher than the IMF's estimate of 6.4%.

09 Jul 2026
TL;DR

India's PFRDA launches ASCEND panel to boost foreign pension investments

PFRDA's ASCEND panel aims to attract global pension capital, fostering infrastructure growth and enhancing portfolio diversification for over 100 million NPS subscribers in India.

09 Jul 2026
TL;DR

Meta to spend C$13 billion on 1st Canadian data center

Meta announced plans for a C$13 billion data center in Sturgeon County, Alberta, marking its first Canadian facility and part of its global AI infrastructure expansion.

09 Jul 2026
TL;DR

Laser Power & Infra launches ₹742 cr IPO at ₹203-₹214

Laser Power & Infra's Rs 742-crore IPO opens today, with a Grey Market Premium (GMP) indicating a potential 10% listing gain over the upper price band of Rs 214.

09 Jul 2026
TL;DR

Indian markets likely flat ahead of TCS quarterly results today

Indian markets are poised for a flat-to-positive start on Thursday, supported by mixed global cues and marginal gains indicated by Gift Nifty trading at 23,985.

09 Jul 2026
TL;DR

Gold down 0.3% to $4,066.24 following President Trump's Iran declaration

Gold prices fell Thursday amid renewed U.S.-Iran tensions, fueling inflation worries. Higher interest rate expectations further pressured the non-yielding precious metal.

09 Jul 2026
TL;DR

French regulators say Meta harmed press and must negotiate payments

France's competition watchdog accused Meta of harming French media by not compensating for republished content, ordering talks to resolve neighbouring rights payments.

09 Jul 2026
TL;DR

IMF: AI and fiscal support keep 2026 growth at 3%

The IMF reported stronger-than-expected global economic performance despite the Iran war, driven by robust AI investments and reduced reliance on energy due to renewable adoption.

09 Jul 2026
TL;DR

Jaipur-based CarDekho prepares for 3,000cr IPO seeking 13,000cr valuation

Auto-tech platform CarDekho's parent Girnar Software plans to file draft papers for a Rs 3,000 crore IPO this quarter, aiming for a valuation of approximately Rs 13,000 crore.

09 Jul 2026
TL;DR

CloudThat startup aims GIFT City listing via $8 million IPO

CloudThat, a Bengaluru-based cloud consulting firm, plans to raise $8 million through GIFT City's first-ever IPO, aiming to fund global expansion and acquisitions.

09 Jul 2026
TL;DR

IMF, ADB cut India growth forecasts amid West Asia tensions

The IMF and ADB have lowered India's growth projections for FY24, citing elevated oil prices from the West Asia conflict as a key factor impacting economic momentum.

09 Jul 2026
TL;DR

NVIDIA loses almost $1 trillion in under 2 months

Nvidia's stock has dropped 16% since May, trading at its lowest valuation since early 2019, as investors shift focus to memory and storage semiconductor manufacturers.

09 Jul 2026
TL;DR

Campbell Wilson steps down at Air India, Chandrasekaran forms committee

Tata Sons chairman N Chandrasekaran has formed an interim management committee for Air India as the airline faces delays in appointing a new CEO amid operational challenges.

09 Jul 2026
TL;DR

RBI cuts US Treasuries to $181B as it diversifies

India's US Treasury holdings dropped to $181 billion in April, the lowest in six years, as the Reserve Bank of India shifted focus toward increasing gold reserves.

09 Jul 2026
TL;DR

Aviva to become 1st foreign owner of Indian life insurer

UK-based Aviva Plc will acquire the remaining 26% stake in its Indian life insurance venture, becoming the first foreign insurer to fully own a local business.

09 Jul 2026
TL;DR

SBI Funds Management launches ₹11,692.91cr IPO July 14 to 16

SBI Funds Management has set the price band for its ₹11,692 crore IPO at ₹545-₹574 per share, marking the largest public offering in 2026 so far.

09 Jul 2026
TL;DR

US judge approves Elon Musk SEC settlement after 11-day delay

A federal judge has approved Elon Musk's $1.5 million settlement with the SEC over delayed disclosure of Twitter share purchases, despite raising concerns about fairness.

09 Jul 2026
TL;DR

EPFO to discuss CITES rollout July 25 2026 streamlining services

The EPFO's Central Board of Trustees will meet on July 25 to ratify key provisions under the CITES project, focusing on automatic PF transfers and simplified withdrawal rules.

08 Jul 2026
International Monetary Fund

India to grow at 6.4% in FY27, says IMF

The International Monetary Fund (IMF) has revised India's economic growth forecast for the fiscal year 2026-27 to 6.4%.

08 Jul 2026
Indian Government

FPIs invest record ₹41,773cr in government bonds this June

Foreign Portfolio Investors (FPIs) have made a record net investment of ₹41,773 crore in Indian government bonds under the Reserve Bank of India's (RBI) Fully Accessible Route (FAR) in June.

Over 600M biometric-based UPI transactions done in June: NPCI

The National Payments Corporation of India (NPCI) has announced that biometric-based Unified Payments Interface (UPI) transactions have crossed 600 million in June.

08 Jul 2026
Blue Origin

Blue Origin to raise $10B at $130B valuation: Report

Jeff Bezos's space venture, Blue Origin, is reportedly looking to raise $10 billion in its first-ever external funding round.

Allianz to cut 1,800 jobs amid AI push

Allianz, a leading global insurance and asset management company, has announced plans to cut up to 1,800 jobs in its travel insurance division.

08 Jul 2026
Google

Google selects 20 AI start-ups for India accelerator program

Google has announced the selection of 20 artificial intelligence (AI) start-ups for its India Accelerator program. The move marks the 10th year of the initiative in India.

08 Jul 2026
N Chandrasekaran

Tata Motors to invest ₹40,000cr in India

Tata Group has announced its ambitious plan to grow its automotive business into a $100 billion entity by FY31.

08 Jul 2026
Apple

Apple to spend $30B on Broadcom chips

Apple has announced a major investment of over $30 billion as part of a chip supply deal with Broadcom.

08 Jul 2026
Ola Electric

Ola Electric rejects insolvency petitions against its manufacturing division

Ola Electric has rejected the insolvency petitions filed against its manufacturing arm, Ola Electric Technologies Pvt. Ltd.

Your EPF interest will be credited by July 15

The Employees' Provident Fund Organisation (EPFO) will credit an interest rate of 8.25% on PF deposits for FY2025-26, Union Labour and Employment Minister Mansukh Mandaviya announced today.

This AI chipmaker has raised $1B at $11B valuation

SambaNova Systems, a leading artificial intelligence (AI) chip company, has raised $1 billion in its Series F funding round.

Intangible investments touched record high in 2025: What's the reason?

The United Nations' World Intellectual Property Organization (WIPO) has reported that the artificial intelligence (AI) boom has pushed investments in intangible assets to a record high.

08 Jul 2026
Mutual Funds

Indian mutual funds surpass FIIs in assets for first time

In a historic development, India's mutual fund industry has overtaken foreign institutional investors (FIIs) in total assets under custody.

08 Jul 2026
Inflation

Sensex crashes 1,600 points as Trump says Iran ceaseover 'over'

The Indian equity markets witnessed a major crash on Wednesday, with the Sensex plummeting by over 1,600 points.

08 Jul 2026
Ahmedabad

Blue Tokai plans 800 stores by FY30 to rival Starbucks

Blue Tokai Coffee Roasters, a leading specialty coffee brand and a major competitor of Starbucks in India, has announced an ambitious expansion plan.

Kusumgar IPO fully subscribed within hours, GMP nears 40%

Kusumgar Limited's initial public offering (IPO) has been fully subscribed within two hours of its opening today.

08 Jul 2026
Flipkart

Flipkart drops commission on all fashion products

In a major move, Flipkart has scrapped commissions on all fashion products, irrespective of their price.

08 Jul 2026
International Monetary Fund

Meet Silvana Tenreyro, new chief economist of International Monetary Fund

The International Monetary Fund (IMF) has appointed Silvana Tenreyro as its new chief economist. She will replace Pierre-Olivier Gourinchas, who is returning to academia.

08 Jul 2026
IndiGo

Sensex declines 600 points: What's behind today's fall?

The Indian stock market witnessed a sharp decline on Wednesday, with benchmark indices Sensex and Nifty falling by over 0.7%.

08 Jul 2026
Iran

Oil prices jump over 5% as US strikes Iran

Global oil prices have witnessed a sharp spike, with Brent crude rising by 5.49% to $75.94 per barrel and US West Texas Intermediate (WTI) crude increasing by 2.84% to $72.44 per barrel in early trade today.

07 Jul 2026
Amazon

Amazon plans $25B bond sale to fund AI investments

Amazon is planning to raise at least $25 billion by selling US dollar bonds.

07 Jul 2026
Amazon

Why Amazon barred breastfeeding employee from attending business course

Amazon recently barred a breastfeeding employee from attending a business course at its Dunfermline warehouse in Scotland.

07 Jul 2026
Iran

Saudi Arabia slashes oil prices, biggest cut in 26 years

Saudi Arabia has announced a major price cut for its flagship Arab Light crude oil, targeting Asian customers.

07 Jul 2026
Delhi

Gold jewelry sales rebound as prices cool

The demand for gold jewelry has witnessed a resurgence in June, owing to a decline in prices.

07 Jul 2026
New Delhi

Lululemon to open its 1st Indian store in New Delhi

Canadian athletic apparel brand Lululemon has announced its plan to open its first store in India.

07 Jul 2026
United States of America

US might co-produce missiles with European allies

The United States is in talks with Germany and other European nations to co-produce missiles, as per Reuters.

07 Jul 2026
Swiggy

Is Swiggy now an Indian-owned and controlled company?

Swiggy, the popular food delivery and quick commerce platform, has announced a major shift in its ownership structure.

Shoppers Stop owner puts $700M IPO plans on hold

K Raheja Corp, one of India's leading real estate developers, has postponed its initial public offering (IPO) plans.