Business News
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Indian bank unions strike September 11, demand 5-day week, PLI
Bank unions, under UFBU, announced a nationwide strike on September 11, 2026, followed by a three-day strike and an indefinite strike to demand a five-day workweek and PLI review.
SBI warns customers of UFBU strikes on 3 upcoming dates
State Bank of India warns of potential operational disruptions due to bank union strikes scheduled for September 11, September 28-30, and October 26 onward.
Knowledge Realty Trust approves up to ₹1,000cr in secured NCDs
Knowledge Realty Trust, backed by Sattva Group and Blackstone, has approved raising ₹1,000 crore through listed, rated non-convertible debentures on a private placement basis.
Nirmala Sitharaman and Nigel Clarke discuss India's changing global economy
Union Finance Minister Nirmala Sitharaman discussed India’s economic outlook, global trade dynamics, and IMF collaboration with Deputy Managing Director Nigel Clarke in New Delhi.
SEBI eases rules for FPIs in G-Secs after RBI decision
Sebi has relaxed rules for foreign portfolio investors (FPIs) investing exclusively in Indian government securities, broadening exemptions from furnishing investor group details.
SBI Funds Management projects India GDP over 7% in 2026-27
India's economy is projected to grow above 7% in FY27, driven by robust investment and export cycles amid moderating consumption trends, according to SBIFM Research.
DGFT launches open API linking exporters' software to CoO portal
DGFT has introduced an Open API facility, enabling exporters to integrate their software with the CoO system for faster applications and reduced errors.
TCS launches AI studio in London, plans 5,000 new jobs
Tata Consultancy Services (TCS) has announced the opening of an artificial intelligence (AI)-driven creative engineering studio in London.
Yen hits February high as markets price earlier BOJ hike
The yen surged to a seven-month high, driven by expectations of Bank of Japan tightening and capital repatriation, while the dollar weakened ahead of key U.S. inflation data.
NSE IPO to raise ₹30,000cr, valuation could touch ₹5 trillion
The National Stock Exchange (NSE) is gearing up for its initial public offering (IPO), which could raise as much as ₹30,000 crore.
CAT 2026 registration ends September 15, exam on November 29
The registration for CAT 2026, conducted by IIM Indore, is open on iimcat.ac.in and closes on September 15. Applicants must complete the process online before the deadline.
Indian rupee ends Monday at 94.50 per US dollar
The rupee slipped 7 paise to 94.50 against the US dollar on Monday, as rising crude oil prices and global uncertainties overshadowed gains from strong foreign inflows.
Why McDonald's is ditching Pumpkin Spice Latte
McDonald's has announced that it will not be serving the popular Pumpkin Spice Latte this fall, marking a major shift in its seasonal menu.
Should you invest in consumption-focused mutual funds right now?
India's economy is heavily driven by consumption, with the country's GDP growing 7.8% in Q1 FY27, surpassing the RBI's projection of 7%.
Why China is infusing around $54B into banks and insurers
China is injecting a massive amount of CNY 360 billion ($53.6 billion) into eight of its state-owned banks and insurance companies.
Sensex could hit 89,000 by June 2027, says Morgan Stanley
Morgan Stanley, a leading Wall Street firm, has projected that the Indian economy is entering a multi-quarter growth phase.
EU might lose 300,000 manufacturing jobs in 2026. Reason? China
The European Union (EU) is facing a potential loss of 300,000 manufacturing jobs in the latter half of 2026. The grim prediction comes from Eurometal, an industry trade body.
Hyundai India eyes 20% women executives by 2030
Hyundai Motor India Ltd (HMIL) has announced plans to increase female representation in its executive workforce to 20% by 2030.
New ETF rules from today: How they affect investors
The Securities and Exchange Board of India (SEBI) has implemented new trading rules for exchange-traded funds (ETFs), effective today.
Your HDFC Bank loans are now cheaper
HDFC Bank has announced a reduction in its Marginal Cost of Funds-based Lending Rates (MCLR) on select tenures.
IRDAI flags fake igmsirdai.online, directs users to Bima Bharosa portal
IRDAI has alerted the public about a fraudulent website impersonating its grievance platform, urging caution against sharing sensitive personal or financial information.
Bank of America says India's manufacturing needs 10% annual growth
India must accelerate manufacturing growth to 10% annually for 15 years to achieve a $2.3-trillion economy by 2040, Bank of America warns, citing regulatory and cost challenges.
Rupee closes at 94.4850 per US dollar as RBI intervenes
The Indian rupee closed unchanged at 94.4850 per dollar on Monday, as sustained RBI intervention offset pressure from rising oil prices driven by tensions in the Strait of Hormuz.
CCI chair Ravneet Kaur warns AI could enable market manipulation
Rapid AI adoption could intensify anti-competitive practices like self-preferencing and market manipulation, warned CCI chief Ravneet Kaur during a workshop in Goa.
McCain Foods India appoints Aditya Krishna as managing director
Aditya Krishna has been named Managing Director of McCain Foods India, succeeding Mainak Dhar, who transitions into an expanded leadership role after a successful tenure.
Axis Bank launches Arise Homecoming for overseas students considering return
Axis Bank introduces Arise Homecoming, targeting Indian students and professionals with international education or experience to build impactful careers in India.
After Qatari tanker attack, Qatar LNG ships head to Hormuz
Qatar is moving empty LNG carriers toward the Persian Gulf, signaling potential export resumption through the Strait of Hormuz amid regional tensions and global supply disruptions.
Zee shares fall as CBI accuses Subhash Chandra over ₹1,322cr
Zee Entertainment shares dropped over 6% after the CBI filed a case against promoter Subhash Chandra and others for alleged fraud involving Rs 1,322 crore in LIC Housing loans.
Bitcoin nears $80,000 as US jobs data shifts Fed outlook
Bitcoin traded near $80,000 and Ethereum held at $2,500 as the crypto market digested shifting U.S. rate hike expectations following strong labor data and rising yields.
Bitcoin falls to $79,500 as Fed rate hike likelihood rises
Bitcoin dipped below $80,000 as stronger-than-expected US jobs data fueled a 57-60% probability of a September Fed rate hike, pressuring risk assets despite robust ETF inflows.
Navana ai raises ₹40cr from Ronnie Screwvala and Antler India
Navana ai raised Rs 40 crore in a funding round led by Ronnie Screwvala, aiming to expand its BFSI presence and enhance speech models for Indian languages.
Safety is my top priority: Air India's new CEO
Air India's incoming CEO, Tewolde Gebremariam, has said that safety will be his top priority as he takes over the Tata Group-owned airline.
China's Alibaba Tencent and Baidu double down on AI spending
Chinese tech firms’ AI-related capital expenditure soared 105% YoY in Q2 2026, while Jefferies warns US cloud giants face greater risks due to widening capex-revenue gaps.
Upstox brings US fractional stocks, ETFs to Indians from $1
Upstox now enables Indian investors to trade over 8,000 US-listed stocks and 2,000 ETFs via its app, offering fractional investing and seamless rupee-to-dollar fund conversion.
Timothy Armoo launches $6.7 million Legon Fund for minority-led AI startups
Timothy Armoo launched a tutoring business at 14, sold his company Fanbytes for eight figures at 27, and is now investing $6.7M in minority-led AI startups through the Legon Fund.
Anand Rathi recommends long term subscription to LCC Projects IPO
Anand Rathi recommends subscribing to LCC Projects Ltd IPO, citing strong order book, healthy earnings growth, and promising prospects in India's irrigation infrastructure sector.
Government mulls adding insurance to Pradhan Mantri MUDRA Yojana loans
The government is exploring embedding insurance into Mudra loans to expand microinsurance coverage, leveraging the scheme's extensive lending network for distribution.
BCCL partners with OpenAI to bring news summaries to ChatGPT
BCCL and OpenAI have joined forces to surface content from BCCL publications like *The Times of India* on ChatGPT, ensuring attribution and direct links to original articles.
Oversubscribed Rays of Belief to list on BSE and NSE
Rays of Belief shares will debut on BSE and NSE on 8 September, with a grey market premium (GMP) of ₹20 suggesting a moderate listing above the IPO price.
French Pernod Ricard explores India IPO to raise over $1B
Global liquor giant Pernod Ricard has engaged Kotak Mahindra Capital, Goldman Sachs, JP Morgan, and BofA Securities for its proposed $1-billion India IPO amid strong market growth.
TCS launches London AI studio to create 5,000 U.K./Ireland jobs
Tata Consultancy Services (TCS) has launched an AI-native creative engineering studio in London, aiming to generate 5,000 jobs in the UK over the next three years.
Markets slip as Sensex falls 491.80 points and volatility spikes
The Sensex fell nearly 500 points, driven by a sharp sell-off in IT stocks, while rising crude oil prices and US rate-hike fears added to investor concerns.
HDFC Bank cuts MCLR rates up to 10 basis points
HDFC Bank has lowered its Marginal Cost of Funds-based Lending Rates (MCLR) by up to 10 basis points, effective September 7, 2026, offering relief to MCLR-linked loan borrowers.
Morgan Stanley projects BSE Sensex 89,000 by June 2027
Morgan Stanley predicts a robust growth trajectory for India, projecting the Sensex to reach 89,000 by June 2027, driven by macroeconomic stability and strong private investments.
Japanese JGBs rise as markets expect 0.25% BOJ hike
Japanese government bond yields rose on Monday as investors reassessed Bank of Japan rate hike expectations, while caution prevailed ahead of the five-year JGB auction.
Incoming CEO Tewolde Gebremariam emphasizes teamwork to revive Air India
Tewolde Gebremariam, Air India's incoming CEO, emphasized staff support and a safety-first culture while outlining plans to restore the airline's strong industry standing.
Deepa Jewellers to debut Tuesday with expected ₹200.5 per share
Deepa Jewellers IPO shares will list on 8 September, with a grey market premium (GMP) of ₹23.5 signaling a promising debut at an estimated price of ₹200.5 apiece.
ICICI Securities gives Amagi Media Labs buy rating, ₹700 target
ICICI Securities recommends a BUY on Amagi Media Labs, citing its innovative cloud and AI-driven solutions that optimize costs and drive >25% annual revenue growth.
SC quashes ₹363cr GST demand against Vodafone Idea
The Supreme Court of India has upheld a Bombay High Court order quashing a ₹363 crore Goods and Services Tax (GST) demand against Vodafone Idea.
RBL Bank board approves $€1 billion EMTN program
RBL Bank's board has approved a $1 billion Euro Medium Term Note programme to raise funds via foreign-currency securities, subject to regulatory and statutory approvals.
ICICI Securities retains 'Buy' on Hindustan Unilever Ltd at ₹2,700
ICICI Securities recommends a BUY on Hindustan Unilever, citing robust growth strategies and improved margins, with a target price of Rs 2,700 as per its latest report.
Kris Gopalakrishnan responds to Geoffrey Hinton, says AI creates jobs
Infosys cofounder Kris Gopalakrishnan believes AI will create more jobs than it replaces, offering new opportunities while transforming existing roles across industries.
Supreme Court quashes ₹363cr GST demand against merged VMSL
The Supreme Court dismissed the Centre's appeal against a Bombay High Court order quashing a ₹363 crore GST demand on Vodafone Idea.
Prasol Chemicals opens 500cr IPO at ₹643-₹676 on September 8
Prasol Chemicals' ₹500-crore IPO opens on September 8, 2026, with a price band of ₹643-676 per share. Brokerages recommend subscribing for long-term growth potential.
Incoming Air India CEO Tewolde Gebremariam pledges airline turnaround
Incoming CEO Tewolde Gebremariam emphasizes safety and operational excellence as top priorities, aiming to transform Air India into a world-class airline under his leadership.
Uber co-founder could be eyeing the robotaxi market
Travis Kalanick's start-up, Atoms, could be venturing into the robotaxi space.
Pranav Constructions ₹351 cr IPO snapped up within 1st hour
Mumbai-based Pranav Constructions' ₹351-crore IPO was fully subscribed within an hour, with a grey market premium of ₹44 signaling a potential 36% listing gain.
India's activated carbon industry hit by rising coconut shell prices
Rising coconut shell prices in India are undermining the competitiveness of domestic activated carbon manufacturers, as cheaper Chinese exports dominate global markets.
Why BSE shares are up 10% in 3 sessions
BSE shares have witnessed a remarkable surge, rising by 2% to a day's high of ₹3,475 on the NSE today.
Gold, silver prices down on MCX: Here we decode why
Gold and silver prices have witnessed a decline on the Multi Commodity Exchange (MCX) today. The fall comes amid weak global cues and muted spot demand.
How NRIs can submit life certificate for uninterrupted pension
Retired individuals who receive pensions under the Employees' Pension Scheme (EPS-95) must keep their Life Certificate, or Jeevan Pramaan, up to date.
Why Nike is leaving S&P 100 index after 18 years
Nike, the sportswear giant, will be removed from the S&P 100 index on September 21.
PVR Inox shares down over 8% today: What's the reason?
PVR Inox, India's leading cinema chain, witnessed a major fall in its share price today.
SEBI enacts ETF rules to align prices with actual value
Sebi's revised ETF trading framework, effective September 7, introduces dynamic price bands and updated reference prices to enhance price alignment.
Delhi approves start-up and incubation policy, pledges ₹400cr+ 5-year support
The Delhi government has approved a ₹400-crore policy to boost innovation and entrepreneurship, focusing on educational institutions and young innovators over five years.
Air India appoints Tewolde Gebremariam to replace Campbell Wilson
Tewolde Gebremariam has been appointed as Air India's new CEO, succeeding Campbell Wilson, as the airline embarks on a critical phase of transformation under Tata Group ownership.
Novartis India buys Minipress, Minipres rights from Pfizer for ₹1,250cr
Novartis India will acquire the trademarks and intellectual property rights of Minipress, Pfizer’s hypertension drug, for ₹1,250 crore in a deal approved on September 7.
Waterfield Advisors launches 2 GIFT City funds for Indian investors
Waterfield Advisors has introduced two GIFT City-based Alternative Investment Funds, enabling Indian investors to diversify into global equities and fixed-income markets.
Bengaluru's Swish raises $24 million led by Bertelsmann India Investments
Bengaluru-based food delivery startup Swish is raising $24 million in an extended Series B round, led by Bertelsmann India Investments, boosting its valuation to $175 million.
NSE plans ₹30,000cr IPO selling 6% stake, SEBI approves
The National Stock Exchange (NSE) is set to raise ₹30,000 crore through a 6% stake dilution, with SEBI granting approval and listing expected on September 25.
Tim Cook is not leaving Apple anytime soon
Tim Cook has stepped down as Apple's CEO after a successful 15-year tenure. However, he won't be leaving the company anytime soon.
Ashutosh Fibre debuts on NSE SME with 52.17% listing gain
Ashutosh Fibre shares listed at a 52.17% premium over their IPO price of Rs 92, opening at Rs 140 on the NSE SME platform after strong IPO demand.
PVR Inox shares slide 8% after probe alleges ₹200cr kickbacks
PVR Inox shares dropped 8% on September 7 following reports of an internal probe into alleged Rs 200-crore kickbacks involving senior executive Pramod Arora.
Indonesian wildfires push palm-oil prices to 4,975 ringgit per ton
Wildfires in Indonesia disrupt palm oil harvesting, driving prices up and raising concerns over global edible-oil supplies amid intensified effects of El Niño weather patterns.
Anand Rathi backs Kanohar Electricals IPO for long term gains
Anand Rathi recommends subscribing to Kanohar Electricals Ltd's IPO, citing its strong growth, profitability, and premium valuation supported by industry-leading performance.
BSE rises 10% to ₹3,475 amid Sebi CAS rethink
BSE shares jumped 10% over three sessions as Sebi announced a review of derivative settlement price methodology, addressing concerns tied to the new Closing Auction Session (CAS).
Shanti Inorganics shares open at ₹157.70, rise 90% from IPO
Shanti Inorganics shares listed at a 90% premium over their IPO price of Rs 83, opening at Rs 157.70 on the NSE SME platform amid strong investor demand.
Anand Rathi recommends subscribing long term to Prasol IPO
Anand Rathi recommends subscribing to Prasol Chemicals Ltd's IPO, citing its diversified product portfolio, strong R&D capabilities, and global customer base as key strengths.
'Baseless and incorrect': ISRO dismisses privatization rumors
The Indian Space Research Organization (ISRO) has clarified that there are no plans to privatize the space agency or reduce its role in the wake of ongoing space-sector reforms.
RBI cash withdrawal auction trims 10 year bond yield
Indian bonds opened one basis point higher at 6.9525% as the RBI initiated a cash withdrawal auction to manage surplus liquidity exceeding Rs 10 lakh crore.
PC Jeweller shares jump 15% to ₹13.65 on BSE
PC Jeweller shares surged 15% intraday, marking a 35% monthly gain, driven by the company's announcement of nearing debt-free status and strengthening its financial position.
ESDS Software shares hit upper circuit 2nd day after debut
ESDS Software shares soared 20% for the second consecutive day, following a strong market debut at a 76% premium over the IPO price of Rs 429.
India's crude import price hits $99.35, highest in 3 months
India's average crude oil import price surged to $99.35 a barrel, nearing a three-month high, driven by escalating US-Iran tensions and declining global energy inventories.
Vodafone Idea shares rally to market value of ₹168,040 cr
Vodafone Idea's stock jumped over 4% on NSE today, marking a 20% rise in the past month, driven by its refreshed brand identity and strategic marketing initiatives.
Tim Cook becomes executive chairman as John Ternus named CEO
Tim Cook has stepped down as Apple's CEO after 15 years but will remain closely involved with the company as executive chairman, receiving a significant pay package for 2027.
Purple Style Labs stock opens ₹535, almost 7% below IPO
Purple Style Labs shares debuted on September 7 at Rs 535 on NSE, marking a 6.96% discount to the IPO price of Rs 575 despite full subscription during bidding.
South Korea stocks jump nearly 3%, Samsung, SK Hynix rally
South Korean stocks soared nearly 3%, driven by Samsung and SK Hynix, as robust AI chip demand and strong exports boosted investor confidence and lifted the KOSPI index.
AI and data centers boost India's renewable push, CleanMax expands
Kuldeep Jain, Founder of CleanMax, highlights how India's AI and data centre boom is fueling renewable energy demand, with 42% of CleanMax's portfolio now catering to this segment.
Nike leaves S&P 100 after market value plunged to $57B
Nike has been removed from the S&P 100 after an 18-year run, as its market value plummeted by $230 billion, making way for four rising tech stocks to join the index.
Sensex down over 250 points to 76,251, Nifty 23,818
Indian stock markets opened the week in the red as rising oil prices and geopolitical tensions overshadowed positive economic trends, with technology stocks leading the losses.
Rupee opens at 94.39 as RBI steps in, oil rises
The Indian rupee opened at 94.39 per dollar, gaining 10 paise from Friday’s close, while most Asian currencies strengthened against the US dollar amid global economic developments.
Steamhouse India launches ₹414cr IPO priced at ₹77-81 per share
Steamhouse India Limited has set its IPO price band at ₹77-81 per share, aiming to raise ₹353 crore. The subscription opens on 9 September and closes on 11 September.
Foxconn posts record August T$921.8 billion revenue amid AI demand
Foxconn anticipates surpassing market expectations in Q3, driven by robust AI-related demand and peak-season ICT product sales, despite concerns over global political volatility.
Goldman Sachs warns oil may hit $120 amid Hormuz tensions
Goldman Sachs warns oil prices could surge to $120 per barrel if Middle East shipping attacks escalate, while a return to normal exports may stabilize prices around $80.
PFRDA allows NRIs and OCIs to retain NPS Tier I
NRIs and OCIs can retain their NPS Tier I accounts when moving abroad, provided they meet PFRDA's requirements, including maintaining an NRE or NRO bank account.
US jobs rose 162,000 in August, unemployment rate 4.1%
AI advancements are reducing technology sector jobs, eliminating 23,000 positions in August, while semiconductor manufacturing gains momentum, adding 16,000 new roles.
Nifty falls below 24,000 for 4th straight weekly decline
Nifty has breached the 24,000 support, closing at 23,897.7. Experts suggest market-neutral strategies and highlight stocks like APL Apollo Tubes and Paytm for potential gains.
Pranav Constructions launches ₹351cr IPO at ₹118-124 today 120-share minimum
Pranav Constructions Ltd. aims to raise ₹351 crore through its IPO, open from September 7-9, with shares priced at ₹118–₹124 and a minimum lot size of 120 shares.
Asian stocks rise on US jobs report and oil spike
Asian markets rallied on Monday, with South Korea's Kospi jumping 3%, as robust US jobs data boosted global growth optimism. Meanwhile, oil prices edged higher amid Gulf tensions.
Ashutosh Fibre Shanti Inorganics Phychem Technologies list on SME platforms
Ashutosh Fibre and Shanti Inorganics are set for strong listings with GMPs exceeding 60%, while Phychem Technologies shows modest potential with a 2% GMP ahead of its debut.
Nikkei 225 rises as Lasertec Kioxia and Softbank Group rally
Japan's Nikkei 225 advanced, driven by tech stock gains following a US rally, while broader Topix saw smaller increases amid concerns over the yen and bond yields.
Lupin gets FDA approval in US for modafinil tablets
Lupin's shares draw attention as the company secures USFDA approval for Modafinil Tablets, indicated for treating excessive sleepiness in adult patients.
China injects 300B yuan into 8 banks and insurers
China has announced a $45 billion injection into its largest banks and insurers, marking its biggest financial recapitalization in nearly two decades to bolster economic stability.
India gold and silver jump after US Federal Reserve talk
Precious metals rebounded sharply in August, driven by U.S. Federal Reserve interest rate hike expectations and a weakening U.S. Dollar, marking a positive short-term trend.
Coforge aims $5 billion revenue by FY30, Sudhir Singh says
Coforge Ltd aims to surpass $5 billion in revenue well before FY30, driven by strong organic growth and strategic acquisitions, despite AI-related industry concerns.
Asian stocks rise on US tech rally and oil gains
Asian stocks gained following US tech sector advances, while oil prices rose amid heightened tensions after tanker attacks in the Strait of Hormuz involving Iran and the US.
SEBI clears NSE IPO as GMP rises to ₹250-280
The National Stock Exchange's IPO approval by SEBI has driven grey market premiums to ₹250-280 per share, reflecting heightened investor enthusiasm ahead of the September launch.
Nua raises $50 million to expand product range and distribution
Nua, a women’s wellness brand, raised $50 million led by Peak XV Partners and Filter Capital, with plans to expand distribution, strengthen R&D, and scale its product portfolio.
Pixxel raises $100 million, total funding $195 million overtakes Skyroot Aerospace
Pixxel raised $100 million in India’s largest spacetech funding round, co-led by Temasek and Seraphim, taking its total funding to $195 million.
Gold steadies near $4,430 after US jobs boost Fed odds
Gold steadied near $4,430 an ounce after a 1% drop, as robust US payrolls data heightened expectations of a Federal Reserve interest-rate hike at its upcoming meeting.
VCs and Bollywood invest in AI transforming entertainment experiences
Venture capitalists and celebrities are increasingly investing in AI startups revolutionizing content creation, distribution, and fan engagement across media and sports.
US markets brace as August CPI could shape Fed action
This week, the US stock market faces pivotal moments with August CPI data, Apple’s iPhone 18 launch, and Oracle’s earnings shaping investor sentiment and market movements.
ED busts toll collection scam at 100 highway plazas
The Enforcement Directorate (ED) has unearthed a major toll collection scam, according to PTI.
How Tata Motors Commercial Vehicles benefits from €3.8B Iveco acquisition
Tata Motors Commercial Vehicles (TMCV) will soon become a global player in the commercial vehicle industry, thanks to its recent €3.82 billion acquisition of Italian group Iveco.
'Starve every day': McDonald's X account compromised by 'unpaid' intern
McDonald's India's official X account was hacked today. The hacker used the handle to post a complaint from an unpaid intern about salary issues.
India's GST Council meeting postponed. Reason? BRICS Summit
The 57th Goods and Services Tax (GST) Council meeting has been rescheduled from September 12 to October 7.
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.
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.
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.
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.
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.
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.
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.