Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Oil steady as US sanctions on Iran drive weekly losses
Oil prices held steady Friday but faced sharp weekly declines as uneven crude flows through the Strait of Hormuz and US-Iran diplomatic developments shaped market sentiment.
India's wireless base hits 128.79cr after 55.38L July additions
Bharti Airtel added 26.8 lakh mobile users in July 2026, surpassing Reliance Jio's net additions of 24.4 lakh, as India's wireless subscriber base grew to 128.79 crore.
India stock market value equals 141% of GDP, ₹74L/cr added
India's market cap-to-GDP ratio surged to 141% in July 2026, fueled by an 18% rise in market capitalisation and robust IPO activity, approaching its 2007 two-decade high.
Apple spent $35 million flying teams to China for hands-on collaboration
Apple spent $35 million annually flying engineers to China, ensuring seamless collaboration with manufacturers. This partnership was vital for ramping up production of its devices.
SEBI clears IPO plans for 7 companies including Jio Platforms
Seven companies, including Jio Platforms and Paras Healthcare, have received SEBI approval to launch IPOs within a year, following observations issued between August 24 and 28.
Crypto platform Bullish lends $100 million to USD.AI, lists sUSDai
Bullish has extended a $100 million stablecoin facility to USD.AI, enabling GPU-backed loans and bridging on-chain liquidity with AI infrastructure financing demands.
India startup funding falls to $163.3 million as early-stage rises
India's startup funding plunged 51.65% week-on-week to $163.3 million, driven by a sharp drop in late-stage investments, even as early-stage and seed deals saw significant growth.
Jensen Huang defends NVIDIA AI bets citing tens of billions
Jensen Huang, Nvidia's CEO, dismissed claims of inflating AI demand, emphasizing the unprecedented capital needs of frontier AI startups and Nvidia's pivotal role.
India's industrial growth slows to 6.7% in July 2026
Factory output growth, measured by the Index of Industrial Production (IIP), decelerated to 6.7% in July 2026 from 7.3% in June, reflecting a moderate slowdown.
RBI reportedly sold over $8bn to steady rupee at ₹95.38
The Reserve Bank of India has intensified its currency market interventions, selling over $8 billion recently, as the rupee trades within a tight 35-paise range.
Indian markets post 3rd straight weekly loss despite IT outperformance
Indian equity markets posted their longest losing streak in five months, with benchmarks declining 0.5% amid weakness in FMCG and PSU stocks, while midcaps outperformed with gains.
Sensex gains 330.92 points as it rally follows NVIDIA earnings
Indian stock markets closed higher on Friday, with Sensex gaining over 300 points and Nifty surpassing 24,100. HDFC Bank shares rebounded slightly after hitting a one-year low.
Karnataka Bank launches CGAS to preserve capital gains tax benefits
Karnataka Bank introduces the Capital Gains Account Scheme, enabling taxpayers to deposit unutilized capital gains and avail tax benefits under Income Tax Act provisions.
SEBI mulls up to 50% SME IPO shares for institutions
India's markets regulator SEBI is considering increasing institutional investor quotas and tightening listing norms for small businesses, sources reveal.
Indian IPOs raise ₹72,165cr as Tempsens doubles on debut
Tempsens topped 2026 IPO debuts with a remarkable 110.40% listing premium, while Bharat Coking Coal followed closely at 96.57%, showcasing strong investor enthusiasm.
Monarch PMS expects gold $4,300-$4,700, silver $70-$85 by 2026
Monarch PMS projects gold prices to range between $4,300-$4,700/ounce by end-2026, assuming stable Fed rates, normalized energy prices, and consistent central bank gold purchases.
Shein to debut in Hong Kong, pivots back to China
Shein’s upcoming Hong Kong debut reflects its growing embrace of Chinese roots, following failed attempts to list in Western markets due to regulatory and geopolitical challenges.
OmniScience Capital: India on path to $5.1tn by FY29
India's economy is projected to reach $5.1 trillion by FY29, driven by stronger real growth, healthier balance sheets, and revived corporate investments.
Annu Projects IPO subscribed 2.23 times by Friday afternoon
Annu Projects' ₹175-crore IPO was subscribed 2.23 times, driven by non-institutional investors (NII) with 2.55x demand, followed by retail (2.09x) and QIB (1.64x).
CREA: Hormuz spike raised India's fossil fuel import costs $22B
India faced $22 billion in additional fossil-fuel import costs between March and August 2026 due to the energy-price shock triggered by the Hormuz crisis.
ESDS Software Solution says $14 billion AI pipeline, offers GPU-as-a-service
ESDS Software is capitalizing on India's burgeoning AI infrastructure market, with a $14-billion business pipeline driven by rising demand for GPU-powered computing solutions.
Augmont Enterprises to list on August 31 after ₹825cr IPO
Augmont Enterprises IPO is trading at a ₹300 premium in the grey market, signaling a potential 38% listing gain ahead of its stock market debut on August 31.
OpenAI names Sandhya Devanathan head of Southeast Asia and Australia
OpenAI appoints Sandhya Devanathan to oversee Southeast Asia and Australia, aiming to drive growth in markets with over 600 million people.
Ola Electric stock gains after S1Z launch, priced from ₹79,999
Ola Electric shares surged over 5% after launching its S1Z scooter range with indigenous Bharat Cell LFP technology, marking a remarkable 79% rebound from its March 2026 low.
PSL faces 'Pernia' name rights challenge before ₹680cr IPO
Purple Style Labs' IPO plans hit a hurdle as lawyers for Pernia Qureshi, the original founder of Pernia’s Pop-Up Shop, challenge trademark usage rights ahead of the launch.
SoftBank seeks another $10B loan to fund OpenAI investment
SoftBank Group Corp. is looking for a $10 billion loan to finance its investment in US tech giant OpenAI, according to Bloomberg.
Kevin Warsh to speak at Jackson Hole amid 3.7% inflation
Federal Reserve Chairman Kevin Warsh will deliver his first major speech Friday at Jackson Hole, facing pressure to clarify his strategy for tackling persistent inflation.
Tempsens Instruments doubles on debut, lists at 111% premium
Tempsens Instruments made a stellar debut on the stock market today, with its shares opening at a whopping 111% premium over the issue price.
Amazon expands Counterfeit Crimes Unit in India to tackle scams
Amazon has launched its Counterfeit Crimes Unit (CCU) in India to combat e-commerce fraud, aiming to proactively target counterfeit sellers and enhance marketplace safety.
Priority Jewels launches IPO seeking 92cr priced 190-200 fully subscribed
Priority Jewels IPO opened today with a ₹92 crore issue, fully subscribed by midday. The GMP stands at ₹37, indicating a potential 19% listing gain for investors.
TCS cuts bonuses to 60-70% as AI spending pressures margins
Tata Consultancy Services (TCS) has reportedly slashed the average quarterly variable pay for certain mid- and senior-level employees to 60-70% for the April-June quarter.
NVIDIA to launch employee-funded committee to influence US policy
NVIDIA, the leading tech giant, is all set to launch a new political action committee (PAC), NVPAC.
Srinivas Rao Ravuri: Mid-cap IT firms could benefit from AI
AI disruption won't derail Indian IT, says Bajaj Life Insurance, with mid-cap tech firms poised to benefit more significantly from faster adoption and tangible revenue impacts.
Nifty crosses 24,100 as it rally lifts Sensex to 77,099.07
Indian markets saw modest gains at noon, with IT stocks surging nearly 3% on Nvidia's strong results, while investors remained cautious ahead of Kevin Warsh's Jackson Hole address.
Harvard's Rohit Deshpande urges Indian MBAs to modernize for AI
Harvard professor Rohit Deshpande emphasizes the need for India-focused case studies and creativity-driven MBA curricula to prepare students for an AI-driven economy.
SoftBank seeks $10B Mizuho-led loan to pay OpenAI debt
SoftBank Group is pursuing a $10 billion loan to refinance debt tied to its $65 billion investment in OpenAI, with Mizuho Bank leading the arrangement.
IFSC proposes secondary listing route for foreign ETFs in IFSC
GIFT City is streamlining secondary listings for global ETFs, enabling Indian and NRI investors to trade high-AUM products without requiring fund managers to create new complexes.
Global wheat sugar and palm oil prices rising amid droughts
Global agricultural commodity prices are rising sharply due to adverse weather, El Nino risks, and higher input costs, sparking concerns about escalating food inflation worldwide.
ICICI Bank shares fall 1.32% after $1bn bond, staff allotment
ICICI Bank shares fell 1.32% to ₹1,424 on Friday as sell orders dominated. The decline coincided with the bank's $1 billion bond issuance and employee stock allotment announcement.
TVS stock down over 4% after K N Radhakrishnan's exit
TVS Motor shares dropped over 4% as the company announced a leadership transition, with Peyman Kargar set to succeed long-serving CEO K N Radhakrishnan in January 2027.
Coforge expands Pegasystems partnership, can brand and sell AI solutions
Coforge shares jumped 3.43% to ₹1,967 after announcing an expanded partnership with Pegasystems, enabling the firm to deliver branded AI solutions across key industries.
Fireflies AI seeks acquisitions of Indian voice and automation startups
Fireflies AI, a Khosla Ventures-backed unicorn, plans to acquire Indian AI startups specializing in application-layer and voice AI to expand its product offerings.
Manipal Health crosses ₹1L/cr market cap, becomes 2nd-largest hospital group
Manipal Health Enterprises' market cap surpassed ₹1 lakh crore, becoming India's second-largest hospital chain. The stock has surged 36% since its August 2026 listing.
Cognizant CEO Ravi Kumar S named to TIME100 AI list
Ravi Kumar S, Cognizant CEO and former nuclear scientist, is revolutionizing workforce transformation by integrating AI into business operations and employee skill development.
Hero MotoCorp to increase Ather stake to 32.8% with ₹1,758cr
Ather Energy shares surged nearly 10% after Hero MotoCorp announced a ₹1,758 crore investment, increasing its stake in the electric two-wheeler maker to 32.8%.
NVIDIA outlook lifts Indian IT stocks up to 5%
Indian IT stocks jumped up to 5% after Nvidia's upbeat revenue outlook boosted confidence in AI-led growth, while markets await the Fed Chair's speech for policy cues.
TCS cuts mid-senior variable pay to 60%-70% for April-June 2026
TCS has reduced variable payouts for mid- and senior-level employees to 60-70% for Q1FY27, citing margin pressures and increased spending on AI capabilities, a report reveals.
Colette Kress says NVIDIA aims 70% revenue growth by 2028
Nvidia's 70% revenue growth projection for 2028 highlights the AI boom, while Qatar steps in to mediate stalled diplomacy between the US and Iran amid rising oil prices.
Yotta Data Services plans IPO, could raise $900 million, $6B valuation
India’s leading hyperscale data center operator, Yotta Data Services, is preparing for an IPO to raise up to $900 million, targeting a valuation of $6 billion.
TVS Motor taps Peyman Kargar as CEO and director
Peyman Kargar, currently President of International Business, will become CEO of TVS Motor Company in January 2027, succeeding K. N. Radhakrishnan after a seamless transition.
Gold jumps 14%, heads for best month since 1999
Gold prices have stabilized around $4,600 per ounce as investors await US interest rate decisions.
Tempsens Instruments IPO lists at ₹634, surges over 100%
Tempsens Instruments delivered a remarkable 111.3% listing gain, ending India’s 609-day mainboard IPO drought for stocks doubling on debut with its Rs 650 crore issue.
Tejas Networks jumps 13% after ₹1,537cr TCS letter of intent
Tejas Networks' shares surged 13% after securing a ₹1,537 crore deal with TCS for supplying RAN equipment for BSNL's 4G mobile network across 18,685 sites.
BSE auction system linked to nearly 4,000% bank put move
India's new closing-auction system triggered a 4,000% surge in a bank index put option within 15 minutes, highlighting extreme volatility and risks for options traders.
NVIDIA defends credit financing model as US eyes chip tariffs
Nvidia's financing model sparks debate, US mulls new chip tariffs, and Anthropic eyes an IPO while exploring chip development, signaling shifts in the competitive AI landscape.
Paluck Technologies seeks ₹33cr, Complete Sports and Management seeks ₹74.93cr
Paluck Technologies and Complete Sports IPOs open today, August 28, 2026. While Paluck commands a strong 52% GMP, Complete Sports shows no reported grey market activity.
Delhivery to hike D2C shipping fees from September 1, 2026
Delhivery has increased shipping charges by up to Rs 4 per shipment, citing inflationary pressures and rising fuel costs, impacting D2C brands ahead of the festive season.
Just Dial stock jumps 10% after Kotak buy call ₹1,175
Just Dial holds ₹6,000 crore in cash and investments, equivalent to its market cap, with investors awaiting clarity on capital allocation strategies for growth or payouts.
Hero MotoCorp raises Ather stake to 32.8% with ₹1,758cr investment
Hero MotoCorp has announced its decision to invest up to ₹1,758 crore in electric scooter manufacturer Ather Energy.
Indian markets rebound as Sensex jumps 280.15, Nifty edges up
Sensex rose 280 points to 77,213.74, and Nifty climbed to 24,122.60 as value buying emerged after recent losses and easing geopolitical concerns boosted investor sentiment.
Indian market opens higher, GIFT Nifty futures 24,262, investors cautious
Indian shares opened higher on Friday after two consecutive sessions of losses, including a "flash crash" during Thursday's closing auction mechanism.
Anthropic to unveil IPO prospectus after September 7
Anthropic is preparing for an initial public offering (IPO) as investor enthusiasm for artificial intelligence start-ups continues to surge.
IREN posts $684 million loss after decommissioning bitcoin mining hardware
IREN signed a multi-year deal with a frontier AI lab and secured $2.8 billion in financing, as quarterly losses widened due to retiring bitcoin mining hardware.
Rupee opens 95.51 per dollar amid oil and gold pressure
The Indian rupee opened at 95.51 per US dollar on Friday, improving from Thursday's 95.54 close, despite pressure from rising crude oil prices and steady gold rates.
Anthropic leans toward MatX partnership after $7B buyout talks
Anthropic explored acquiring AI chip startup MatX for $7 billion to accelerate custom hardware development, aiming to reduce reliance on Nvidia and enhance AI model performance.
Lenskart block deal Aug 28: 2.9cr shares for ₹1,856.7cr
Equity worth ₹1,856.7 crore, comprising 2.9 crore shares or 1.67% stake in Lenskart Solutions, changed hands on August 28 in a significant block deal transaction.
NVIDIA to launch employee funded NVPAC to influence US policy
Nvidia plans to establish NVPAC, an employee-funded political action committee, to enhance its influence on U.S. policy, joining other tech giants like Meta and Google.
Bombay High Court grants Vishwanath Rao bail in loan default
The Bombay High Court granted bail to ex-RCom senior VP Vishwanath Rao in a ₹19,694.33 crore loan default case, citing lack of specific allegations and completed investigation.
CXMT to report earnings on Friday amid 580% surge
China's memory chipmaker CXMT has seen its stock skyrocket over 580% since its IPO, setting the stage for a critical first earnings report.
India to quadruple data center space by 2030, $300B committed
India's data centre footprint is projected to surge from 27 million sq ft in 2026 to over 101 million sq ft by 2030, fueled by $300 billion in investments.
Anthropic readies IPO after Labor Day amid AI investor excitement
Anthropic is set to unveil its IPO prospectus after Labor Day, aiming for a potential listing by late September or early October, according to sources familiar with the matter.
Advent and Stripe abandon $50 billion plus bid for PayPal
Advent and Stripe have reportedly dropped their $50 billion bid for PayPal, following negotiations over an insufficient initial offer and market value concerns.
Priority Jewels opens ₹91.5cr IPO at ₹190-₹200 Aug 28
Priority Jewels' ₹91.50-crore IPO opens on August 28, 2026, with a price band of ₹190-200 per share. The company aims to utilise proceeds for debt repayment and corporate purposes.
Great Eastern Shipping launches 1st-ever buyback worth ₹900 cr
Great Eastern Shipping announced its first-ever share buyback worth ₹900 crore, offering a 15.99% premium at ₹1,530 per share through the open market route.
Tokyo core inflation rises for 3rd straight month to 1.8%
Tokyo’s inflation gauge rose for the third consecutive month in August, reinforcing expectations for a Bank of Japan rate hike amid persistent price pressures and yen weakness.
NVIDIA pauses AI compute partnership program amid antitrust concerns
Nvidia has halted its AI Compute Partnership program, less than two months after launch, amid concerns over antitrust scrutiny and partner resistance to control terms.
Bankex ₹65,000 put spikes nearly 14,700% to ₹987 in cas
Bankex 65,000 Put skyrocketed by nearly 14,700% during Thursday's expiry session, driven by sharp drops in indicative closing levels that triggered widespread panic among traders.
NSE and BSE to remain open on Raksha Bandhan Friday
The Indian stock market, including NSE and BSE, remains open on August 28 despite Raksha Bandhan celebrations in parts of the country.
Swiggy Instamart partners with 400 brands in 'Switch to Better'
Swiggy Instamart is collaborating with younger brands to offer exclusive products and tailored pack sizes, aiming to stand out in the competitive quick-commerce market.
Venture capital eyes campus startups as campus fund nears $100 million
Venture capital firms are increasingly targeting college campuses, driven by the success of student-led startups and a growing pool of entrepreneurial talent.
India and Canada set 4.65L/cr rupees trade target for 2030
India and Canada are advancing efforts to simplify cross-border payments and strengthen financial cooperation, targeting a CAD 70 billion trade goal by 2030.
Vodafone Idea to pay ₹49,000cr spectrum dues, boost 4G 5G
Vodafone Idea (Vi) aims to clear ₹49,000 crore in spectrum dues by FY29, leveraging higher EBITDA, internal cash generation, and fresh bank funding to meet its obligations.
Tom Brady's Palo Alto CardVault robbed a week after opening
Tom Brady's newly launched CardVault store in Palo Alto was burglarized on August 22, with thieves stealing $12,000 worth of trading cards just a week after its grand opening.
NVIDIA expects 70% sales jump next fiscal year, shares surge
Nvidia Corp. projected a 70% sales growth for the next fiscal year, surpassing analyst estimates and driving its shares to their largest one-day rally since April 2025.
Sensex plunges over 2,200 points in 5 minutes during CAS
Sensex experienced extreme volatility during the Closing Auction Session on F&O expiry day, with a 2,200-point crash followed by a sharp recovery within minutes.
HDFC Bank may appeal court dealing Chandra pay ₹6.5cr
HDFC Bank is exploring an appeal against the National Company Law Tribunal's approval of a repayment plan that grants creditors only Rs. 6.5 crore out of Rs. 22,006 crore claims.
India's Piyush Goyal announces faster approvals and simpler FDI rules
The government aims to streamline processes and ensure faster clearances to attract foreign direct investment, with a focus on expanding India's value chain and self-reliance.
Bitcoin tops $80,000 as US ETFs pull in $2.6B
Bitcoin has climbed back above $80,000 as renewed ETF inflows and improving speculative market sentiment signal growing investor confidence in the cryptocurrency's rebound.
Gold crosses $4,600 an ounce as Jackson Hole attention rises
Gold surged past $4,600 an ounce as investors assessed the Federal Reserve's interest-rate outlook ahead of Chairman Kevin Warsh's pivotal speech at the Jackson Hole symposium.
India's petroleum product exports rise over 8% in July 2026
India’s petroleum product exports rose 8% year-on-year in July, driven by improved margins amid global diesel shortages and ample crude supplies during the US-Iran ceasefire.
Rivian CFO Claire McDonough leaving October, Derek Mulvey interim CFO
Rivian’s CFO Claire McDonough will step down in October to pursue a new opportunity and relocate closer to family, as the company navigates major growth initiatives.
NYSE and Nasdaq eye US marijuana IPOs after Schedule III
US marijuana companies are preparing for IPOs as federal restrictions ease, sparking fierce competition between NYSE and Nasdaq to secure their listings.
Volkswagen considers defense production to protect jobs amid money troubles
Volkswagen faces mounting profitability pressures and high costs, prompting the automaker to explore defence production as a surprising alternative to plant closures.
Micron investing $10B in US AI research labs, Trump says
Micron Technology will invest $10 billion in U.S. research labs, President Trump announced, highlighting efforts to boost domestic AI and advanced computing capabilities.
Oil prices climb after President Trump declines Iran ceasefire revival
Oil prices climbed as President Trump dismissed returning to a prior ceasefire deal with Iran, raising concerns over energy flows through the critical Strait of Hormuz.
HDFC Bank, LIC Housing Finance oppose Zee Group 22,006cr settlement
HDFC Bank and LIC Housing Finance plan to appeal the National Company Law Tribunal's approval of Zee Group's ₹22,006-crore debt repayment plan.
US goods trade deficit hits $118.8B, up 17.2% in July
The US goods trade deficit surged 17.2% in July to $118.8 billion, driven by a multi-decade spike in capital equipment imports and a decline in exports.
Singapore Airlines board to decide on further Air India funding
Singapore Airlines' board will decide on additional investments in loss-making Air India, emphasizing a long-term view amid scrutiny over financial implications.
India and Canada set $70B annual trade goal for 2030
India and Canada aim to expand bilateral trade to $70 billion by 2030, focusing on investment, finance, critical minerals, and resilient global supply chains.
P&G taps Indian university talent to power global tech
Procter & Gamble is leveraging India's rapidly adapting universities and skilled talent pool to strengthen its global technology operations and develop market-driven innovations.
McKinsey finds 31% of companies using AI build in-house software
Nearly one-third of AI-driven companies are opting to build software in-house using AI coding tools, signaling a shift in technology budget allocation, McKinsey reports.
Bitcoin nears $80,000 on CLARITY Act hopes and $4B-plus squeeze
Bitcoin surged 27% to $80,000 this week, driven by optimism around U.S. crypto regulation and concerns over centralized financial systems and dollar debasement.
Oil rises as United States rejects June Iran memorandum terms
Brent crude surged over $2 as President Trump dismissed reviving Iran ceasefire terms, fueling market concerns amid stalled diplomatic efforts and tightened Middle East oil flows.
Infosys Innovation Fund invests in Bengaluru AI procurement startup Aerchain
Infosys has invested in Bengaluru-based AI-powered procurement startup Aerchain through its Innovation Fund, following the startup's $13 million funding round earlier this year.
Pernod Ricard mulls India arm IPO after 7% revenue growth
French distiller Pernod Ricard has confirmed ongoing discussions about an India IPO, initiating legal steps to explore the strategic and shareholder-value potential.
Connecticut sues Kalshi, alleging operation of illegal sports betting markets
Connecticut has sued Kalshi to enforce a sports betting ban, intensifying the ongoing legal clash over prediction markets between states, federal regulators, and the platform.
Dream11 pivots from fantasy gaming to AI-first sports platform
Dream11, one of India's leading fantasy sports platforms, has announced a major shift in its business model.
HDFC Bank shares hit 52-week low after US lawsuit
Shares of HDFC Bank hit a new 52-week low on Thursday, falling over 2% to an intraday low of ₹710 per share.
Deepinder Goyal's Temple buys longevity firm to boost wearable launch
Deepinder Goyal, the founder of health-tech start-up Temple, has announced the acquisition of London-based longevity medicine practice Longevous.
Samsung ordered to pay Swatch $11.6M over watch face designs
Samsung has been ordered by a UK court to pay $11.6 million to Swatch Group.
Blinkit, Instamart, Zepto cap sugar purchases as prices surge
Quick-commerce platforms such as Blinkit, Zepto, and Swiggy Instamart as well as retail chains like DMart and Reliance Retail have reportedly capped purchases of sugar to manage existing stocks and avoid shortages.
SHEIN to raise $1.7B in Hong Kong IPO
SHEIN, the popular online fast-fashion retailer, is gearing up for its Hong Kong initial public offering (IPO).
Hy-Tech Engineers IPO closes today as GMP surges to 85%
The final day of bidding for the Hy-Tech Engineers IPO has arrived, with investor interest remaining strong.
Wheat prices hit 3-year high as Russia-Ukraine war escalates
Wheat prices have hit a three-year high, as fears of an escalation in the Russia-Ukraine war continue to grow.
₹22,000cr dues, ₹6.5cr payout: NCLT approves Subhash Chandra's plan
The National Company Law Tribunal (NCLT) has approved a repayment plan by media baron Subhash Chandra in his personal insolvency resolution process.
NVIDIA's revenue doubles to $96B as AI demand surges
NVIDIA has reported a massive surge in sales due to the global demand for artificial intelligence (AI) systems.
Thinking Machines Lab co-founder to join Google
Barret Zoph, the co-founder of artificial intelligence start-up Thinking Machines Lab, is set to join Google DeepMind as its Vice President of Research.
Lumino Industries IPO opens with 61% GMP: Apply or avoid?
The ₹700 crore initial public offering (IPO) from Lumino Industries, a leading player in India's power transmission and distribution sector, has opened for subscription today.
SoftBank may acquire 1X, an OpenAI-backed robotics start-up
SoftBank is in negotiations to buy a majority stake in 1X Technologies, a humanoid robot start-up backed by OpenAI, according to The Information.
NVIDIA to acquire Hugging Face for $12.9B
NVIDIA has agreed to acquire AI platform Hugging Face for a whopping $12.9 billion, according to The Information.
Meta agrees to $18B settlement over child safety
Meta has agreed to pay $18 billion in a settlement with 29 US states over claims that it endangered children on its platforms, particularly Instagram and Facebook.
Microsoft paid CEO Satya Nadella $96.5M in FY25
Microsoft has announced a record-breaking compensation package of $96.5 million for its CEO, Satya Nadella, for the fiscal year 2025.
Modi government may slash gold and silver import duties
The Indian government is considering a reduction in the import duties on gold and silver, as per Moneycontrol.
Meta settles social media addiction lawsuit in US for $16.68B
Meta Platforms, the parent company of Facebook and Instagram, has agreed to a massive settlement in a social media addiction lawsuit.
Is India's IPO boom sucking liquidity from stock market?
The Indian stock market has been on a downward trend for two years, with the Nifty 50 index declining by 2% over the last two years and 2.5% in the last year.
Qatar's LNG exports are down 96%. Reason? US-Iran war
The ongoing US-Iran conflict has taken a heavy toll on Qatar's economy, one of the world's top liquefied natural gas (LNG) exporters.
Flipkart Minutes overtakes Instamart's dark-store count in top 10 cities
Flipkart's quick commerce service, Minutes, has outpaced Swiggy's Instamart in terms of dark-store count and pincode coverage across India's top 10 cities.
Airbnb not a lucrative earning source for Indians anymore
Airbnb, once a lucrative platform for Indian homeowners to earn extra income, is witnessing a shift in its dynamics.
Volkswagen CEO booed by workers over mass layoffs, factory closures
Volkswagen's CEO Oliver Blume was met with boos and whistles at the company's headquarters.
Why flights in India are unlikely to become cheaper
Airfares in India and the Asia-Pacific region are likely to remain high, even with a decline in jet fuel prices.
Forget SpaceX, Anthropic sees more than $30T in potential revenue
Artificial intelligence (AI) company Anthropic is gearing up for its initial public offering (IPO) by pitching a whopping total addressable market (TAM) of over $30 trillion, as per the Wall Street Journal.
DeepSeek nears $74B valuation in new funding round before IPO
Chinese artificial intelligence (AI) start-up DeepSeek is close to completing a new funding round.
Air India, Drukair sign deal to boost India-Bhutan connectivity
Air India and Drukair-Royal Bhutan Airlines have announced an interline partnership to improve travel connectivity between India, Bhutan, and other international destinations.
Vi, BSNL agree on nationwide network sharing: Report
Vodafone Idea and Bharat Sanchar Nigam Limited (BSNL) have reached an agreement to expand network sharing across all telecom circles, CNBC Awaaz reported.
SRK-backed Pernia's Pop-Up is going public: All about the IPO
Purple Style Labs, the parent company of luxury fashion platform Pernia's Pop-Up Shop, has announced the price band for its initial public offering (IPO).
Why SoftBank is planning bond sale of up to $20B
SoftBank Group is in talks with investment banks over a possible bond sale of $10 billion to $20 billion.
Deloitte paying $21.5M to settle investigation into hiring practices
Deloitte, a leading accounting firm, has agreed to pay $21.5 million to settle a US Department of Justice (DOJ) investigation into its diversity and inclusion practices.
Why TikTok parent ByteDance has been fined $30M in Brazil
Brazil's data protection authority has slapped a hefty fine of nearly $30 million on ByteDance, the parent company of TikTok.
Modi government wants Apple to build component ecosystem in India
India is pushing Apple and its suppliers to set up a local component ecosystem for domestic use and exports, as per Moneycontrol.
Uber, Ola might stop operations in Pune from September 2
Cab aggregators, including major players like Uber and Ola, could face a ban on their operations in Pune starting September 2.
Zerodha, Angel One get SEBI approval to offer corporate bonds
Leading brokerage firms Zerodha and Angel One have received approval from the Securities and Exchange Board of India (SEBI) to offer corporate bonds on their platforms.
Oil prices fall as US eases military pressure on Iran
Oil prices witnessed a decline on Wednesday, amid reduced fears of military conflict. The United States is now focusing more on economic sanctions to pressure Iran.
Egg prices jump 40%: How ethanol is making breakfast costlier
Egg prices in India have seen a sharp spike, thanks to the rising diversion of maize for ethanol production.
Air India wants $1.5B funding from Tata Sons, Singapore Airlines
Air India is looking for a capital infusion of approximately $1.5 billion from its owners Tata Sons and Singapore Airlines, Reuters reported citing two people familiar with the matter.
Modi government to exempt high-tech sectors from getting BIS certification
Commerce and Industry Minister Piyush Goyal has announced that the government is working on a framework to exempt certain sectors from Bureau of Indian Standards (BIS) certification requirements.
Swiggy Dineout now lets you order food while watching movies
Swiggy Dineout, the dining and reservation arm of Swiggy, has launched a new service for moviegoers.
Indian taxpayer gets relief in an undisclosed foreign assets case
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has rejected an appeal by the Income Tax Department in a case involving alleged undisclosed foreign assets.
Moving abroad for work? You can withdraw your PF early
If you're planning to take up a job abroad, it's important to understand how your Employee Provident Fund (EPF) will be affected.
Indian companies to get DRDO missile tech for indigenous production
The Indian government's push for self-reliance in defense manufacturing has received a major boost.
India's gig economy is neglecting women, says study
A recent study by the International Labor Organization and the National Council of Applied Economic Research has highlighted the underrepresentation of women in India's fast-growing gig economy.
India-US bond-yield spread hits historic low: Should we be worried?
The gap between India's 10-year government bond yield and the US 10-year Treasury yield has shrunk significantly.
RBI's USD-INR forex swap facility attracts inflows worth $73B
The Reserve Bank of India's (RBI) special USD-INR forex swap facility has garnered $72.8 billion in foreign exchange inflows till August 21.
Volkswagen might slash around 140,000 jobs
Volkswagen AG's labor representatives have warned that the company's planned job cuts could affect as many as 140,000 positions.
Bitcoin hits 3-month high of $80,908: What's the reason?
Bitcoin has surged past the $80,000 mark for the first time since mid-May, extending a 23% weekly rally, its biggest in nearly three years.
Vi shares jump over 8%: What's behind the sharp rally?
Vodafone Idea's stock price surged by over 8% in intraday trade today, August 25. The surge has brought the stock close to its 52-week high of ₹15.34.
Augmont Enterprises IPO closes today as GMP stays above 40%
The bidding for Augmont Enterprises' initial public offering (IPO) closes today, August 25.
Smart ring maker Oura plans $3B IPO at $16B valuation
Oura, the innovative smart ring company with offices in San Francisco and Finland, is reportedly gearing up for a US initial public offering (IPO) next month.
Tempsens IPO allotment today: How to check status online
The allotment of shares for the initial public offering (IPO) of Tempsens Instruments (India) Ltd is likely to be announced today.
India's $810M rice trade with Iran faces double whammy
India's $810 million rice trade with Iran is facing a double blow, with fresh US sanctions and the UAE's freeze on trade and financial transactions with Tehran threatening to disrupt shipments and payment channels.
India tweaks sugar import rules: How it affects businesses
The Indian government has revised its rules for duty-free imports of up to 10 lakh tons of raw sugar.
US sanctions 4 India-based firms over Iranian oil trade
The United States has imposed sanctions on four India-based companies for their alleged involvement in trade and procurement networks related to Iranian petroleum and petrochemicals.