Business News
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Glancy Prongay & Rotter probes HDFC Bank over ₹45cr expenses
A US law firm is investigating HDFC Bank over allegations of misleading investors and governance issues, following a sharp drop in its US-listed shares.
Nestle spins water brands into Peranel JV for €3 billion
Nestlé will receive $3.43 billion from a joint venture with Platinum Equity, transferring premium water brands and Nestlé Pure Life to the newly formed company, Peranel, by 2027.
Goldman Sachs forecasts India's auto parts growth at 10% annually
India's auto parts sector is projected to grow at a 10% CAGR till FY30, driven by diversification into high-growth sectors like EVs, semiconductors, and aerospace.
AI, cloud and digital services drive India data center expansion
India's data centre industry is set for expansion driven by AI adoption and digitalisation, but land and power access remain critical challenges, a report reveals.
AGNIT Semiconductors seeks funding, eyes GaN factory under Semicon 2.0
AGNIT Semiconductors is seeking fresh funding to scale operations and is evaluating setting up a GaN fabrication facility under India's Semicon 2.0 initiative.
Hyundai Q2 operating profit down nearly 21% amid sales slip
Hyundai Motor's Q2 operating profit fell 21% to 2.85 trillion won, missing analyst forecasts, as global retail sales declined amid competition and policy uncertainties.
Nokia Q2 2026 comparable operating profit rises 18% to €434m
Nokia's Q2 operating profit soared 18% to €434 million, surpassing estimates, as sales to AI and cloud customers doubled and new orders reached €2.8 billion.
MedPlus pauses ₹115cr concierge healthcare venture after investor concerns
MedPlus Health Services has temporarily shelved its concierge healthcare venture after investor feedback, prioritizing board discussions for future decisions.
Indian government bonds slip as oil tops $96, yields climb
Indian government bonds weakened as crude oil prices neared $100 per barrel, raising inflation concerns, while climbing U.S. Treasury yields further dampened investor sentiment.
JPMorgan to hire 1,000 India tech staff with HackerRank test
JPMorgan plans to recruit 1,000 technology experts for its India GCCs, focusing on AI, cloud architecture, and cybersecurity to support global digital transformation initiatives.
Xtranet Technologies IPO opens today: Should you bid?
Xtranet Technologies, an IT solutions provider, has launched its initial public offering (IPO) today. The three-day bidding period will end on July 27.
Adecco Group report: AI reshaping tasks, not causing mass unemployment
AI is reshaping work by altering roles and tasks rather than eliminating jobs, says Adecco Group, citing record-high employment rates and historic low unemployment globally.
BusinessNext secures $40 million from ServiceNow Ventures, valuation rises to $700 million
BusinessNext, a Noida-based banking software startup, raised $40 million from ServiceNow Ventures at a $700 million valuation to enhance its AI-driven platform and expand globally.
Tesla's Q2 revenue jumps 26% but profitability still a concern
Tesla has reported a strong recovery in its financial performance for the second quarter of 2026.
Indian markets slip, Sensex falls 316.50 amid West Asia tensions
Indian equity markets fell on July 23 due to escalating West Asia tensions and rising crude oil prices, impacting sectors like banking, realty, and pharma.
Google parent raises 2026 AI spending to $205B
Google's parent company, Alphabet, has announced a major increase in its capital expenditure plans for 2026.
Software engineer sparks Reddit debate over AI tools, stagnant pay
A developer claims AI has increased productivity expectations and compressed delivery timelines, leaving engineers with heavier workloads but no corresponding pay rise.
Elizabeth Warren and lawmakers press Barclays on Staley's Epstein ties
US Senator Elizabeth Warren has pressed Barclays for clarity on its alleged failure to investigate former CEO Jes Staley’s ties to convicted sex offender Jeffrey Epstein.
Indian rupee opens at ₹96.49 as Brent tops $96
The Indian rupee gained 8 paise against the US dollar on Thursday, despite rising crude oil prices and escalating geopolitical tensions in West Asia weighing on market sentiment.
Wellington, Vanguard and Blackstone launch 2 funds for affluent investors
Wellington, Vanguard, and Blackstone unveiled two hybrid funds blending public and private assets, catering to high-net-worth and mass-affluent investors globally.
IBM's Hans Dekkers: Asia-Pacific tech budgets uneven as AI rises
Enterprise tech investments in Asia-Pacific face volatility, but IBM predicts sustained growth in AI adoption as businesses prioritize long-term strategies over isolated projects.
Crude oil prices near $100 as US-Iran tensions escalate
Commodity markets witnessed a mixed bag on July 23. Crude oil prices hit their highest in over six weeks amid rising tensions in the Middle East.
KOSPI jumps 9% on semiconductor rally and 0.6% GDP growth
South Korea's Kospi surged 9% over three sessions, driven by stronger-than-expected GDP growth and robust AI spending plans from US tech giants, boosting chip stocks significantly.
ICICI Bank returns to global debt market with $500m-plus bond
ICICI Bank plans to raise $500 million via a five-year dollar bond, marking its first issuance since 2017, leveraging India's lower-cost hedging facility for competitive pricing.
Sotefin Bharat IPO oversubscribed, likely flat debut on BSE SME
Sotefin Bharat Ltd. debuts on the BSE SME platform today, with grey market premium trends signaling a flat listing despite its IPO being subscribed 3.78 times overall.
Large and midcap mutual funds post ₹4,321.32cr inflows, ₹3,53,143.25cr AUM
Large & Mid Cap funds witnessed a 32% rise in net inflows in June 2026, reflecting growing investor interest in this category that blends stability with growth potential.
Alphabet posts strong Q2 2026 as AI drives revenue growth
Alphabet CEO Sundar Pichai highlighted 24% revenue growth and Gemini's rapid adoption, countering concerns about Google's position in the competitive AI landscape.
Oil jumps to $96 a barrel amid US Iran tensions
Brent Crude surged over 2%, surpassing $96 per barrel, driven by escalating US-Iran tensions, with experts predicting prices could hit $100 before the month's end.
Bhopal-based Xtranet Technologies opens ₹166.8cr IPO with ₹120-₹127 band
Xtranet Technologies Limited's ₹166.8-crore IPO opens today, priced between ₹120-₹127 per share. The IT solutions provider plans to list on BSE and NSE on July 30.
Indo-MIM opens ₹3,812 cr IPO, bids close July 27
Indo-MIM's ₹3,812-crore IPO opens today, featuring a mix of fresh equity and offer-for-sale shares. Investors can bid in lots of 30 shares within the price band.
Xtranet Technologies opens ₹120-127 IPO with 10% gray market premium
Xtranet Technologies' Rs 166.8 crore IPO opens today, offering 1.31 crore fresh equity shares. Grey market trends indicate a 10% premium over the upper price band of Rs 127.
Uber lays off 10% of customer service team, citing AI
Uber has eliminated 10% of its customer service roles, citing efforts to streamline operations and integrate artificial intelligence into its processes.
Nifty 50 may open lower as GIFT Nifty down 95
GIFT Nifty traded 95 points lower as escalating Iran-US tensions and surging crude oil prices dampened global risk sentiment, signaling a subdued market opening.
Gold and silver retreat on profit taking after global rally
Gold prices dipped after hitting a two-week high, as profit-booking and a stronger US dollar weighed on bullion ahead of the Federal Reserve's policy meeting next week.
Khosla Ventures eyes $5.5 billion record fundraising with 3 funds
Khosla Ventures is planning a record $5.5 billion fundraise, allocating $1 billion for seed startups, $2 billion for early-stage ventures, and $2.5 billion for mature companies.
Middle East clashes push oil to highest levels in weeks
Brent crude surged past $95, hitting a six-week high, as U.S. strikes on Iran entered their 12th day. Goldman Sachs warns prices could reach $120 if disruptions persist.
GIFT Nifty signals 100 point gap down after oil surge
Indian stock markets are expected to open on a flat-to-negative note Thursday, with Gift Nifty signaling a 100-point gap down amid mixed global cues and rising crude prices.
Alphabet raises 2026 spending to $205 billion for AI cloud
Alphabet has raised its 2026 capital expenditure plans to $195-$205 billion, up from $180-$190 billion, to accelerate investments in AI-driven computing infrastructure.
Wall Street pays up to $100,000 for Trump Truth API
Automated trading systems on Wall Street are leveraging President Trump’s Truth Social posts to execute rapid trades, capitalizing on market-moving announcements within seconds.
Brent crude at $96 after US airstrikes and Houthi attacks
Brent crude surged to $96, its highest since June, as U.S.-Iran hostilities intensified and Houthi attacks on Saudi oil tankers disrupted global energy supply routes.
Elon Musk hints at Tesla SpaceX merger on earnings call
Elon Musk hinted at a potential Tesla-SpaceX merger, citing increasing collaboration between the companies. Investors now see a high likelihood of integration within years.
Alphabet plans $205B capex as Google free cash flow drops
Google reported its first-ever negative free cash flow of $5.9 billion in Q2 2026, driven by record-breaking investments in artificial intelligence infrastructure.
Air India restarts nonstop Delhi-Toronto service August 1 2026 nearly-three-hours-shorter
Air India will restart non-stop flights between New Delhi and Toronto from August 1, cutting travel time by nearly three hours with its new Boeing 787-9 Dreamliner aircraft.
Crude jumps nearly 4%, Indian markets slide, Nifty below 24,000
India's benchmark indices dropped on Wednesday as Brent crude surged 3.7% to $94.40 per barrel, with escalating West Asia tensions weighing heavily on investor sentiment.
Mixx buys Sophic Silicon Technologies, partners with Kaynes Semicon Sanand
San Jose-based Mixx Technologies acquired Bengaluru's Sophic Silicon and partnered with Kaynes Semicon to enhance optical integrated circuit assembly for silicon photonics.
Accenture to seek majority stake in ANSR with about $350 million
Accenture plans to invest $350 million to raise its stake in Bengaluru-based ANSR, valuing the GCC platform company at approximately $1 billion.
India's 1st strategic natural gas reserve planned by ONGC
India's ONGC is planning the nation's first strategic natural gas reserve, as the West Asia war disrupts energy supplies and highlights India's reliance on costly LNG imports.
Maharashtra probe halts Ratan Tata transfer 3,368 Tata Sons shares
An ownership dispute over 833 Tata Sons shares has triggered a regulatory probe, delaying the transfer of late Ratan Tata’s 3,368 shares to his charitable foundations.
India's SEBI considers removing upfront margin for early pay-in trades
Sebi is exploring a proposal to waive upfront margins on buy trades funded by same-day sale proceeds, aiming to enhance liquidity and boost cash market turnover.
Gold holds at $4,120 as Houthis attack Red Sea tankers
Gold steadied at $4,120 an ounce as dip-buying offset inflation fears driven by surging oil prices and escalating Middle East hostilities impacting global markets.
Indian pharma stocks slide as Trump threatens 100% generics tariff
Indian pharma stocks tumbled as US President Trump announced 100% tariffs on generic drug imports by 2028, raising concerns for companies with significant US revenue exposure.
Tesla Q2 revenue rises 26% as profit and shares fall
Tesla shares fell nearly 5% in extended trading as mixed Q2 results revealed a significant profitability miss and negative free cash flow, worrying investors.
Alphabet posts $119.8B revenue, stock falls on EPS miss, spending
Alphabet shares fell 3.5% in extended trading despite beating revenue estimates, as the company raised its annual capex guidance beyond $200 billion for 2026.
National Stock Exchange launches 1st in India Nifty500 Ahimsa Index
India's first animal-cruelty-free index, the Nifty500 Ahimsa Index, highlights a growing trend of ethical investing by aligning financial decisions with the principle of Ahimsa.
Alphabet reports Google Cloud revenue jumps 82% to $24.8B
Google's cloud revenue surged 82% year-over-year to $24.8 billion, driven by enterprise AI adoption, showcasing the payoff of its hefty AI investments.
Alphabet posts $119.8B revenue, $9.11 EPS, 12th straight double-digit growth
Alphabet, Google's parent company, reported double-digit revenue growth for Q2 2026, marking its 12th consecutive quarter of strong gains with $119.8bn in revenue.
Tesla profits fall 5% to $1.1B, shares dip after hours
Tesla shares fell 2.8% after quarterly profits missed estimates, impacted by lower vehicle prices and a 47% surge in operating costs to $4.35 billion.
Brent crude tops $95 after President Trump's warning to Iran
Global oil prices spiked as Brent crude exceeded $95, driven by escalating US-Iran strikes, while stock markets showed mixed reactions with tech shares facing renewed pressure.
Google Cloud posts 82% revenue jump to $24.8 billion
Google Cloud revenue soared 82% to $24.8 billion, surpassing Wall Street estimates, driven by surging enterprise demand for AI-powered cloud services.
Alphabet posts 24% revenue jump to $119.8B in April-June 2026
Alphabet's Q2 2026 revenue surged 24% year-over-year to $119.8 billion, driven by strong AI investments and Google Cloud's impressive 82% growth in demand for AI solutions.
Travis Kalanick's rebranded Atoms raises $1.7B, Ben Horowitz joins board
Travis Kalanick’s robotics venture, Atoms, raised $1.7 billion in a round led by Andreessen Horowitz, reconnecting him with Uber as a participant in the investment.
UK inflation falls to 2.6% in June, ONS says
UK inflation slowed to 2.6% in June, its lowest rate since March 2025, driven by cheaper fuel, food, and clothing, offering brief respite before energy costs rise again.
SpaceX shares fall about 20% to $119.85 erasing over $1.1T
SpaceX stock remains mostly stagnant following a 20% drop last week, as investors await Tesla's second-quarter earnings and monitor upcoming Starship launch developments.
Yope secures $12.3 million seed led by Northzone for private network
Yope, a social platform focused on private, algorithm-free connections, secured $12.3 million in seed funding led by Northzone to expand its user base and develop new features.
Apple and NVIDIA trade places as world's most valuable company
Apple and Nvidia are locked in a fierce battle for market supremacy, leveraging their unique strengths in consumer services and generative AI to dominate the global tech landscape.
Sensex down 800 points: Why Indian stock market crashed today
The Indian stock market witnessed a major selloff today, with the Sensex crashing over 800 points to hit an intraday low of 76,641.19.
IndiGo shares down 3% today: Here we decode why
Shares of InterGlobe Aviation, the parent company of IndiGo, fell over 3% to ₹5,128 apiece.
From Pixar to National Geographic, Disney axes hundreds of jobs
The Walt Disney Company has announced a major round of layoffs, impacting several hundred employees across various divisions.
Bira 91 founder Ankur Jain exits board, gives up stake
Ankur Jain, the founder of B9 Beverages and its flagship brand Bira 91, has resigned from the company's board.
Samsung might invest in AI start-up Mistral at $23B valuation
Samsung is in talks to invest hundreds of millions of euros into French artificial intelligence (AI) start-up Mistral.
Paras Defence to establish semiconductor facility in MP for ₹6,200cr
Paras Defence and Space Technologies has announced that its semiconductor unit will invest ₹6,200 crore to set up a chip packaging and testing facility in Madhya Pradesh.
Adani, GMR might soon run their own airlines in India
The Indian government is mulling a major policy shift that could allow airport operators to own and run their own airlines, as per Bloomberg.
Why Anthropic has been sued by University of Tennessee
Anthropic, a leading artificial intelligence (AI) company, has been sued by the University of Tennessee Research Foundation for patent infringement.
Trump threatens tariff on generic medicines: Should India be worried?
US President Donald Trump has announced a two-year exemption from tariffs on imported generic medicines.
End retrospective tax to attract foreign investment: Amitabh Kant
Former NITI Aayog CEO Amitabh Kant has stressed the need for India to end its retrospective tax policy, saying it heavily impacts global investor sentiment.
London Stock Exchange will soon let you trade 24/7
The London Stock Exchange (LSE) is gearing up to launch a new trading venue, LSE 24, which will operate outside its normal market hours.
Bajaj Auto Q1 results: Net profit jumps 42.3% to ₹2,983cr
Bajaj Auto has reported a whopping 42.3% jump in its standalone net profit for the first quarter of FY27.
This might be 1st 'world model' AI start-up going public
Chinese artificial intelligence (AI) start-up GigaAI is gearing up for a public listing in Hong Kong.
Cognizant bags mega tech services deal worth up to $1B
Cognizant, a leading software services company, has won a multi-year technology services contract from US health insurer Centene Corporation, as per Moneycontrol.
Maharashtra plans property tokenization on blockchain: How it affects you?
Maharashtra is mulling a new legal framework for the tokenization of land and other immovable assets using blockchain technology.
Positive returns for Indian equities over next 12 months: JPMorgan
JPMorgan's Rajiv Batra, Head of Asia and Co-Head of Global Emerging Markets Equity Strategy, has predicted positive returns for Indian equities in the next 12 months.
JSW eyes majority stake in Volkswagen's India unit: Report
Volkswagen AG is in advanced talks with JSW Group for a potential stake sale in its Indian unit, as per Bloomberg.
Tata Steel to invest ₹10,000cr in Jharkhand by 2028
Tata Steel has announced its plan to invest ₹10,000 crore in various projects across Jharkhand by 2028.
India's Q1 oil import bill up 61%: What's the reason?
India's crude oil import bill surged by a whopping 61% to $49.8 billion in the April-June period, compared to the same period last year.
You can soon make UPI payments without internet
The National Payments Corporation of India (NPCI) is working on a new feature for Unified Payments Interface (UPI), that would allow users to make payments at merchant point-of-sale terminals without an internet connection.
Anthropic's $1.5B copyright settlement with authors has been approved
Anthropic, a leading artificial intelligence (AI) company, has received final approval for its $1.5 billion settlement with authors over copyright infringement.
Paramount's $110B merger with Warner Bros has been temporarily paused
The proposed $110 billion merger between Paramount Skydance and Warner Bros. Discovery has been temporarily halted by a US federal judge.
Why AliExpress has been fined record €550m by EU
The European Commission has slapped a record fine of €550 million on Chinese e-commerce giant AliExpress.
Modi government won't scrap LTCG tax on equities anytime soon
The Indian government has confirmed that it has no plans to scrap the long-term capital gains (LTCG) tax on equity transactions.
Jeff Bezos has invested in this £2B UK AI start-up
Jeff Bezos, the founder of Amazon, and the UK government have invested in a £2 billion British artificial intelligence (AI) start-up called CuspAI.
Etihad is offering 20% off on these international flights
Etihad Airways has launched a special promotional sale for Indian travelers, offering up to 20% off on Business and Economy class fares.
Meta to proceed with layoffs challenged over AI bias claims
A US federal judge has denied a request to halt Meta's planned layoffs of 26 employees.
Airtel's data center arm to expand capacity to 1GW
Bharti Airtel's data center subsidiary, Nxtra, is gearing up for a massive expansion. The company plans to quadruple its capacity to 1 gigawatt (GW) in the coming years.
Centre wants ethanol to become your next cooking fuel
The Indian government is working on a policy to promote ethanol as a mainstream cooking fuel.
Why Indian pilots want Gulf flights to be canceled
The Airline Pilots' Association of India (ALPA India) has called for an immediate suspension of flights to the UAE and other high-risk Gulf destinations.
Why RBI has intervened to stabilize Indian rupee
The Reserve Bank of India (RBI) has stepped in to stabilize the Indian rupee, which is nearing a record low.
India's defense stocks plunge amid escalation of US-Iran conflict
Shares of major defense companies such as Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL), and Bharat Dynamics have witnessed a decline during today's trading session.
L&T has bagged 'mega' orders worth up to ₹15,000cr
Larsen and Toubro (L&T) has announced that its Metals and Minerals vertical has bagged 'mega' orders from leading domestic companies.
Tata to open 100 Westside stores annually to accelerate expansion
Tata Group's Trent Ltd. is planning an aggressive expansion of its premium fashion brand, Westside.
ICICI sees biggest workforce decline among private banks in FY26
ICICI Bank, India's second-largest private sector lender, has seen a major dip in its workforce strength during the fiscal year 2026.