Business News
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TCS and SAP team up for a cloud and AI-powered future
Tata Consultancy Services (TCS) has signed a five-year agreement with SAP to facilitate enterprise-wide cloud adoption and generative AI transformation.
India's economy set for 7%+ growth, says Finance Ministry
India's economy is projected to maintain robust growth of 7-7.5% in Q2 FY26, entering H2 on a stable footing, according to the Finance Ministry.
Indian rupee slips close to record low—what's going on?
The Indian rupee has depreciated by 3.5% against the US dollar since March 2025, prompting the Reserve Bank of India (RBI) to sell $38 billion to stabilize the currency.
India Global Forum launches $250 million fund to take Indian brands global
The India Global Forum (IGF) has unveiled a unique $250 million fund aimed at assisting Indian consumer and industrial brands in their global expansion efforts.
US stock market takes a Thanksgiving break
The US stock market will remain closed today, November 27, 2025, in observance of the Thanksgiving holiday, according to the New York Stock Exchange's holiday list.
Government to launch digital portal for unclaimed financial assets
The Indian government is developing a unified digital portal to help citizens recover unclaimed financial assets, with Rs 1,887 crore already returned.
Nifty nears record high as banks boost the market
The Nifty 50 hovered near its all-time high, driven by banking stocks, while the Sensex maintained its position above the 85,800 mark.
India's data center boom: 30% growth puts country on the map
India's data centre capacity is expected to see a massive expansion, surpassing 1.5 GW by 2027, according to a recent CBRE report.
SEBI approves ICICI Prudential AMC's ₹10,000cr IPO
The Securities and Exchange Board of India(SEBI) has approved the initial public offering (IPO) of ICICI Prudential Asset Management Company (AMC).
Nifty50 just broke its own record—here's what's behind the jump
HDFC Bank and Bajaj Finance led the Nifty50 index to a record high of 26,310.45, driven by strong buying interest across various sectors.
Nadella asks Microsoft leaders to rethink business for AI era
Microsoft CEO Satya Nadella has sent an internal memo urging senior leaders to rethink the company's business model for the artificial intelligence (AI) age.
Apple sued over alleged use of conflict-linked minerals
A Washington-based advocacy organization, International Rights Advocates (IRAdvocates), has filed a lawsuit against Apple, alleging the company used minerals tied to conflict and human rights abuses in the Democratic Republic of Congo (DRC) and Rwanda.
OpenAI needs $207B to stay afloat
OpenAI, a leading artificial intelligence (AI) company, may need to raise a whopping $207 billion by 2030 just to stay in business.
Indian bonds hold steady as everyone waits for GDP update
Indian government bonds traded within a narrow range as traders anticipate key GDP data that could influence future interest rate cuts.
Square Yards bags $35 million, eyes big IPO in 2026
Square Yards has raised $35 million in a recent equity round, boosting its valuation to $935 million as it prepares for a potential IPO and unicorn status.
India and UAE step up their trade game under CEPA
India and the UAE have reviewed their Comprehensive Economic Partnership Agreement (CEPA), discussing market access, data sharing, and progress on their free trade agreement.
Apple challenges India's antitrust law amid potential $38B fine
Apple has challenged India's new antitrust penalty law, which could see the tech giant facing a fine of up to $38 billion.
Bank Nifty hits record high—here's what's behind the buzz
Bank Nifty hit a new high of 59,802.65 on Thursday, continuing its strong performance in 2025 and outpacing the Nifty 50 and Sensex indices.
Rupee slips slightly as global trade jitters linger
The Indian rupee traded 2 paise lower at 89.24 against the US dollar in early trade on Thursday due to increased demand from importers.
Gold prices dip as investors cash out; Fed's next move keeps markets guessing
Gold prices experienced a slight decrease as investors cashed in on profits following a near two-week high, amidst uncertainty surrounding potential U.S. interest rate cuts.
Sensex crosses 86,000 for first time, Nifty hits record high
The Indian stock market witnessed a major surge today, with the Nifty 50 hitting a new lifetime high after 14 months.
SEBI clears ICICI Prudential AMC's ₹10,000cr IPO
The Securities and Exchange Board of India (SEBI) has approved the Initial Public Offering (IPO) of ICICI Prudential AMC, with an expected issue size around Rs 10,000 crore.
Sensex, Nifty hit record highs as FIIs go on buying spree
The Sensex rose by 300 points and the Nifty reached a record high after 14 months, driven by strong FII buying and expectations of interest rate cuts.
Small US retailers hit hard by tariff chaos this holiday season
U.S. small retailers are facing supply chain chaos this holiday season due to President Trump's fluctuating tariffs on Chinese imports.
Afghanistan tempts Indian investors with big perks
Afghanistan's Commerce Minister, Alhaj Nooruddin Azizi, has extended a generous invitation to Indian businesses, offering tax breaks and free land to attract investments.
ED arrests WinZO co-founders in money laundering case
Saumya Singh Rathore and Paavan Nanda, the co-founders of online gaming platform WinZO, have been arrested by the Enforcement Directorate (ED) on money laundering charges.
JPMorgan says Nifty50 could hit 30,000 by 2026
JP Morgan projects India's Nifty50 index to reach 30,000 by the end of 2026, indicating a strong bullish stance on Indian equities.
Asahi hit by cyberattack, delays earnings reveal
Japanese beer manufacturer, Asahi, has delayed its full-year financial results due to a significant ransomware attack that began in late September.
Nifty 50 set to break records—here's what's happening
India's Nifty 50 index is expected to reach a record high, following a 14-month peak, driven by anticipated U.S. and domestic interest rate cuts.
Oil prices dip as traders watch Ukraine talks and OPEC+ moves
Oil prices slightly decreased as traders closely monitor the upcoming US-led Ukraine peace talks and the OPEC+ meeting, both potentially impacting crude flows.
Asian markets jump as US rate cut hopes rise; Bitcoin bounces back
Asian shares experienced a rise, tracking Wall Street's rally, while Bitcoin traded above $90,000 for the first time in nearly a week.
Bitcoin could hit $240K in long term, says JPMorgan
JPMorgan predicts Bitcoin could potentially reach $240,000 long term, attributing this to global economic trends rather than the halving cycle.
Fitch unit bumps up India's GDP growth forecast to 6.5%
Fitch Solutions' unit, BMI, has revised India's economic growth forecast for 2025-26 upwards to 6.5%, attributing the increase to strong Q2 performance and GST rationalisation.
Why Allianz is planning to fire around 1,800 employees
German insurance giant Allianz is planning to lay off between 1,500 and 1,800 employees in its travel insurance division.
Delhi HC to hear Apple's plea against CCI next month
Apple has challenged a recent amendment to the Competition Act, 2002, which allows the Competition Commission of India (CCI) to impose penalties based on a company's global turnover.
Why many income tax refunds for FY25 are still stuck
Many taxpayers are yet to receive their income tax refunds for FY 2024-25 or AY 2025-26. The delay has prompted people to frequently check the income tax portal for updates.
Africa's richest man plans to invest in Indian data centers
Aliko Dangote, Africa's wealthiest man and the President of the Dangote Group, is considering investing in data centers in India.
Why Italy is expanding its antitrust probe into Meta
Italy's antitrust authority, the AGCM, has expanded its investigation into Meta.
AI effect: Consulting giant McKinsey fires 200 tech employees
McKinsey & Company has laid off around 200 tech employees globally in the last week.
Did crypto exchange Binance help terrorists?
Binance, the world's largest cryptocurrency exchange, and its founder Changpeng Zhao are facing a lawsuit in the United States.
Indian retail investors sell stocks at fastest pace since 2023
Indian retail investors, including proprietary traders and direct stock buyers, have sold ₹19,700 crore ($2.2 billion) worth of local shares on a net basis this quarter.
Apple set to overtake Samsung as world's top smartphone maker
Apple is on track to reclaim its title as the world's largest smartphone manufacturer, a position it last held over a decade ago.
Andhra Pradesh: Reliance's JV to build data centers for ₹98,000cr
Digital Connexion, a joint venture of Reliance Industries, Brookfield, and US-based Digital Realty, has announced an investment of $11 billion (around ₹98,000 crore) by 2030.
Sensex surges 800 points, Nifty touches 26,100: What's driving rally?
The Indian stock market witnessed a massive surge today, with the Sensex soaring nearly 800 points to hit an intraday high of 85,376.98.
MCX shares cross ₹10,000 for 1st time: What's the reason?
The shares of Multi Commodity Exchange of India (MCX) hit a new high of ₹10,148 on the BSE today.
SoftBank acquires US chipmaker Ampere Computing for $6.5B
SoftBank Group has completed the acquisition of US-based chip start-up, Ampere Computing LLC, for a whopping $6.5 billion.
Why MapmyIndia and Zoho have joined hands
MapmyIndia has announced a strategic partnership with Zoho Corporation, a provider of cloud-based business software.
HP to cut 6,000 jobs amid rising costs, weak demand
HP has announced plans to cut its global workforce by 4,000-6,000 employees. The move is part of a long-term restructuring strategy that will continue until fiscal 2028.
Why Apple challenged India's competition law in Delhi HC
Apple has filed a petition with the Delhi High Court, challenging certain provisions of India's competition law.
India's Russian oil imports to hit 3-year low next month
India's imports of Russian oil are projected to fall to a three-year low in December, according to trade and refining sources of Reuters.
TSMC sues former executive who moved to Intel: Here's why
Taiwan Semiconductor Manufacturing Company (TSMC) has filed a lawsuit against its former Senior Vice President Wei-Jen Lo in Taiwan's Intellectual Property and Commercial Court.
Why 10 trade unions are opposing India's new labor codes
Ten trade unions have opposed the recently implemented four labor codes in India, calling them "genocidal attacks on the lives and livelihoods of workers."
Should you invest in AI stocks right now?
Investment in artificial intelligence (AI) stocks has been the talk of the town in 2025.
Adani launches ₹25,000cr rights issue to fund infrastructure projects
Adani Enterprises, the flagship company of billionaire Gautam Adani's conglomerate, has launched a massive ₹24,930 crore rights issue on the Indian stock market.
India's FY26 GDP growth forecast revised upward to 7%
India Ratings and Research (Ind-Ra) has upgraded its Gross Domestic Product (GDP) growth forecast for the current fiscal year to 7%.
DOGE denies report it's shutting down, calls it 'fake news'
The Department of Government Efficiency (DOGE), a quasi-US government agency conceptualized by Elon Musk, has denied reports of its closure.
China floods India with cheap soyoil amid weak domestic demand
China's soybean oil exports to India have skyrocketed, as weak domestic demand coincides with strong imports from South America and the US.
IPO-bound start-ups focusing on profitability as investors grow more selective
A fresh trend is taking shape among Indian start-ups gearing up for their intial public offerings (IPOs).
Gig workers get legal recognition under new labour laws
The Indian government has officially granted legal recognition to millions of gig and platform workers under its new labour laws.
Sensex falls for 3rd consecutive session: What's behind the decline?
India's stock market indices, the Sensex and Nifty 50, witnessed a decline for the third consecutive session on Tuesday.
Will SEBI's new rule affect your demat account?
The Securities and Exchange Board of India (SEBI) has proposed revisions to the rules governing Basic Services Demat Accounts (BSDA).
ED can attach assets in ₹2,400cr betting scam: Delhi HC
The Delhi High Court has ruled that the Enforcement Directorate (ED) can attach assets linked to forgery, cheating, and conspiracy under the Prevention of Money Laundering Act (PMLA).
Dutch bank ABN AMRO to slash 5,200 jobs
Amsterdam-headquartered ABN AMRO has announced plans to cut 5,200 full-time jobs by 2028.
With $255B, this Google co-founder is now world's 2nd-richest person
Google co-founder Larry Page has overtaken Oracle's Larry Ellison to become the world's second-richest person.
Why Modi government might levy import tariff on steel products
India, the world's second-largest producer of crude steel, is mulling an import tariff on certain steel products.
This Indian contract manufacturer wants to raise $750M via IPO
Bengaluru-based contract manufacturer Zetwerk is gearing up to raise between $500 million and $750 million through an initial public offering (IPO).
India's economy will cross $4T this fiscal year?
India's Chief Economic Advisor, V Anantha Nageswaran, has predicted that the country's economy will surpass the $4 trillion mark in the current fiscal year.
Why your portfolio is bleeding despite Sensex nearing record high
India's stock market is witnessing a contraction, with many retail investors disappointed by their portfolio returns. This comes even as the BSE benchmark Sensex nears its all-time high.
Reliance Industries stocks hit 52-week-high: Should you buy or sell?
Reliance Industries Limited (RIL) has hit a 52-week high, with its share price rising over 1% to ₹1,552 in today's trading session.
How Indians are spending their money
A recent survey by the Economic Advisory Council to the Prime Minister (EAC-PM) has revealed a major shift in household spending patterns in India.
Why US wants Europe to reconsider rules for Big Tech
US Commerce Secretary Howard Lutnick has urged Europe to reconsider its regulations on Big Tech companies, in exchange for lower tariff rates on European steel and aluminum exports.
Gold set for new highs, could hit $5,000 next year
Gold prices continued their historic rally on Tuesday, hitting around $4,175 per ounce. The surge is largely driven by expectations of a US Federal Reserve rate cut in December.
You can soon buy Wipro's pet food in India
Wipro Consumer Care & Lighting, the consumer division of Wipro Enterprises, is all set to enter India's booming pet food market, as per HT Mint.
How closing a personal loan impacts your credit score
Closing a personal loan in India can have a temporary impact on your credit score, but it is not as bad as it seems.
Yatra shares down 6% today: Here we decode why
Shares of Yatra Online, a leading travel and tour services company, plunged over 6% in intraday trade today.
Wealth-tech start-up Scripbox becomes profitable after 12 years
Scripbox, a wealth management platform, achieved profitability for the first time in the financial year ending March 2025.
Bitcoin rebounds from 7-month low to $88K, Ethereum jumps 3%
Bitcoin, the world's leading cryptocurrency, has seen a strong recovery from its recent seven-month low of $81,000.
Bitcoin crashes over 21% in November amid forced liquidations
Bitcoin, the world's most traded cryptocurrency, has witnessed its worst monthly decline in over three years.
Google, Accel team up to fund AI start-ups in India
Google has teamed up with venture capital firm Accel to back early-stage artificial intelligence (AI) start-ups in India.
RBI sold nearly $8B in September to stabilize falling rupee
The Reserve Bank of India (RBI) sold a net $7.91 billion in the foreign exchange market in September, data released on Monday showed.
In a rare move, Apple lays off dozens
Apple has cut several dozen roles in its global sales division, an unusual move for the company.
India's post-Diwali spending stays strong, digital payments continue to rise
India's consumption pattern seems to be holding strong even after the Diwali rush, with digital payments showing no signs of the usual post-festival slump.
Delhi HC restrains Tesla Power from using 'Tesla' name
The Delhi High Court has granted interim relief to Tesla Inc., by barring Gurugram-based Tesla Power from using the "Tesla" trademark on electric vehicles (EVs) and batteries.
Indian bonds rally as RBI hints at possible rate cut
Indian bonds rallied on Monday after Reserve Bank of India (RBI) Governor Sanjay Malhotra hinted at the possibility of an interest rate cut.
India gears up for record December IPOs totaling ₹30,000cr
India's primary market is gearing up for a record-breaking December, with eight companies planning to launch initial public offerings (IPOs) worth over ₹30,000 crore.
India's solar panel exports plummet as Trump's tariffs bite
India's solar module exports have witnessed a steep decline in September, hitting their lowest point this year.
Russia slashes oil price for India amid US sanctions pressure
After the US imposed sanctions on Rosneft and Lukoil, Indian refiners have been offered Russian crude oil at a steep discount.
Will Zomato, Swiggy raise delivery charges post new labor codes?
Swiggy and Eternal (formerly Zomato) have assured stock exchanges that India's new labor codes, which came into effect on Friday, will not have any "material impact" on their businesses.
How new labor codes will benefit IT and gig workers
The Indian government has announced a major overhaul of its labor laws, merging 29 existing regulations into four new codes.
Why TCS and Wipro are facing fresh US patent lawsuits
India's leading IT firms, Tata Consultancy Services (TCS) and Wipro, have been hit with fresh patent lawsuits in the United States.