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Sensex rebounds over 500 points after US strikes in Iran
The Sensex surged over 500 points on Thursday, recovering from a sharp decline, as investors shrugged off US-Iran tensions and found buying opportunities in large-cap stocks.
Indian rupee opens flat at 95.55 amid oil, U.S.-Iran tensions
The Indian rupee opened nearly unchanged at 95.55 against the US dollar, as rising crude oil prices driven by West Asia tensions weighed on investor sentiment.
Parag Parikh Flexicap Fund buys 5.4 million Infosys shares in June
India's largest mutual fund scheme, Parag Parikh Flexicap Fund, is increasing stakes in TCS, Infosys, and HCL Tech despite steep market value losses.
Indian market rebounds, Sensex gains 510.62 points, Nifty tops 24,000
Indian equity benchmarks rebounded on July 9 as Sensex surged 510 points and Nifty reclaimed the 24,000 mark, driven by value buying and easing volatility.
Heat cuts up to 10% productivity in India's garment factories
Global fashion brands face rising supply chain disruptions in India as extreme heat impacts garment workers' productivity, health, and factory operations.
TCS shares drop nearly 2% to ₹2,018.5 ahead of results
TCS shares fell nearly 2% as investors anticipate Q1 FY27 results, focusing on AI strategy, demand recovery, and discretionary spending amid broader market gains.
Income Tax Department releases ITR-5 Excel utility for AY 2026-27
The Income Tax Department has launched the ITR-5 Excel utility for AY 2026-27, enabling eligible entities like partnership firms and trusts to file their returns seamlessly.
Tata Digital to sell 46% stake in Cult.fit IPO
Tata Digital plans to offload nearly half its stake in Cult.fit during the fitness chain’s IPO, marking its first share sale in a new-age company investment.
Alpine Texworld IPO opens July 14 to raise ₹126.25cr
Gujarat-based textile firm Alpine Texworld plans to raise Rs 126.25 crore through its IPO, offering 1.2 crore equity shares at a price band of Rs 100-105 per share.
Indian government exempts customs duties on display and battery parts
The Centre has slashed customs duties on critical electronics components, aiming to lower input costs and boost investments in India's high-tech manufacturing sectors.
Asian Development Bank trims India's 2026-27 growth forecast to 6.6%
ADB has revised India's FY27 growth projection to 6.6% due to elevated energy costs, though it remains higher than the IMF's estimate of 6.4%.
India's PFRDA launches ASCEND panel to boost foreign pension investments
PFRDA's ASCEND panel aims to attract global pension capital, fostering infrastructure growth and enhancing portfolio diversification for over 100 million NPS subscribers in India.
Meta to spend C$13 billion on 1st Canadian data center
Meta announced plans for a C$13 billion data center in Sturgeon County, Alberta, marking its first Canadian facility and part of its global AI infrastructure expansion.
Laser Power & Infra launches ₹742 cr IPO at ₹203-₹214
Laser Power & Infra's Rs 742-crore IPO opens today, with a Grey Market Premium (GMP) indicating a potential 10% listing gain over the upper price band of Rs 214.
Indian markets likely flat ahead of TCS quarterly results today
Indian markets are poised for a flat-to-positive start on Thursday, supported by mixed global cues and marginal gains indicated by Gift Nifty trading at 23,985.
Gold down 0.3% to $4,066.24 following President Trump's Iran declaration
Gold prices fell Thursday amid renewed U.S.-Iran tensions, fueling inflation worries. Higher interest rate expectations further pressured the non-yielding precious metal.
French regulators say Meta harmed press and must negotiate payments
France's competition watchdog accused Meta of harming French media by not compensating for republished content, ordering talks to resolve neighbouring rights payments.
IMF: AI and fiscal support keep 2026 growth at 3%
The IMF reported stronger-than-expected global economic performance despite the Iran war, driven by robust AI investments and reduced reliance on energy due to renewable adoption.
Jaipur-based CarDekho prepares for 3,000cr IPO seeking 13,000cr valuation
Auto-tech platform CarDekho's parent Girnar Software plans to file draft papers for a Rs 3,000 crore IPO this quarter, aiming for a valuation of approximately Rs 13,000 crore.
CloudThat startup aims GIFT City listing via $8 million IPO
CloudThat, a Bengaluru-based cloud consulting firm, plans to raise $8 million through GIFT City's first-ever IPO, aiming to fund global expansion and acquisitions.
IMF, ADB cut India growth forecasts amid West Asia tensions
The IMF and ADB have lowered India's growth projections for FY24, citing elevated oil prices from the West Asia conflict as a key factor impacting economic momentum.
NVIDIA loses almost $1 trillion in under 2 months
Nvidia's stock has dropped 16% since May, trading at its lowest valuation since early 2019, as investors shift focus to memory and storage semiconductor manufacturers.
Campbell Wilson steps down at Air India, Chandrasekaran forms committee
Tata Sons chairman N Chandrasekaran has formed an interim management committee for Air India as the airline faces delays in appointing a new CEO amid operational challenges.
RBI cuts US Treasuries to $181B as it diversifies
India's US Treasury holdings dropped to $181 billion in April, the lowest in six years, as the Reserve Bank of India shifted focus toward increasing gold reserves.
Aviva to become 1st foreign owner of Indian life insurer
UK-based Aviva Plc will acquire the remaining 26% stake in its Indian life insurance venture, becoming the first foreign insurer to fully own a local business.
SBI Funds Management launches ₹11,692.91cr IPO July 14 to 16
SBI Funds Management has set the price band for its ₹11,692 crore IPO at ₹545-₹574 per share, marking the largest public offering in 2026 so far.
US judge approves Elon Musk SEC settlement after 11-day delay
A federal judge has approved Elon Musk's $1.5 million settlement with the SEC over delayed disclosure of Twitter share purchases, despite raising concerns about fairness.
EPFO to discuss CITES rollout July 25 2026 streamlining services
The EPFO's Central Board of Trustees will meet on July 25 to ratify key provisions under the CITES project, focusing on automatic PF transfers and simplified withdrawal rules.
Blue Origin to raise $10B at $130B valuation: Report
Jeff Bezos's space venture, Blue Origin, is reportedly looking to raise $10 billion in its first-ever external funding round.
Allianz to cut 1,800 jobs amid AI push
Allianz, a leading global insurance and asset management company, has announced plans to cut up to 1,800 jobs in its travel insurance division.
Google selects 20 AI start-ups for India accelerator program
Google has announced the selection of 20 artificial intelligence (AI) start-ups for its India Accelerator program. The move marks the 10th year of the initiative in India.
Tata Motors to invest ₹40,000cr in India
Tata Group has announced its ambitious plan to grow its automotive business into a $100 billion entity by FY31.
Apple to spend $30B on Broadcom chips
Apple has announced a major investment of over $30 billion as part of a chip supply deal with Broadcom.
Ola Electric rejects insolvency petitions against its manufacturing division
Ola Electric has rejected the insolvency petitions filed against its manufacturing arm, Ola Electric Technologies Pvt. Ltd.
Your EPF interest will be credited by July 15
The Employees' Provident Fund Organisation (EPFO) will credit an interest rate of 8.25% on PF deposits for FY2025-26, Union Labour and Employment Minister Mansukh Mandaviya announced today.
This AI chipmaker has raised $1B at $11B valuation
SambaNova Systems, a leading artificial intelligence (AI) chip company, has raised $1 billion in its Series F funding round.
Intangible investments touched record high in 2025: What's the reason?
The United Nations' World Intellectual Property Organization (WIPO) has reported that the artificial intelligence (AI) boom has pushed investments in intangible assets to a record high.
Indian mutual funds surpass FIIs in assets for first time
In a historic development, India's mutual fund industry has overtaken foreign institutional investors (FIIs) in total assets under custody.
Sensex crashes 1,600 points as Trump says Iran ceaseover 'over'
The Indian equity markets witnessed a major crash on Wednesday, with the Sensex plummeting by over 1,600 points.
Blue Tokai plans 800 stores by FY30 to rival Starbucks
Blue Tokai Coffee Roasters, a leading specialty coffee brand and a major competitor of Starbucks in India, has announced an ambitious expansion plan.
Kusumgar IPO fully subscribed within hours, GMP nears 40%
Kusumgar Limited's initial public offering (IPO) has been fully subscribed within two hours of its opening today.
Flipkart drops commission on all fashion products
In a major move, Flipkart has scrapped commissions on all fashion products, irrespective of their price.
Meet Silvana Tenreyro, new chief economist of International Monetary Fund
The International Monetary Fund (IMF) has appointed Silvana Tenreyro as its new chief economist. She will replace Pierre-Olivier Gourinchas, who is returning to academia.
Sensex declines 600 points: What's behind today's fall?
The Indian stock market witnessed a sharp decline on Wednesday, with benchmark indices Sensex and Nifty falling by over 0.7%.
Oil prices jump over 5% as US strikes Iran
Global oil prices have witnessed a sharp spike, with Brent crude rising by 5.49% to $75.94 per barrel and US West Texas Intermediate (WTI) crude increasing by 2.84% to $72.44 per barrel in early trade today.
Amazon plans $25B bond sale to fund AI investments
Amazon is planning to raise at least $25 billion by selling US dollar bonds.
Why Amazon barred breastfeeding employee from attending business course
Amazon recently barred a breastfeeding employee from attending a business course at its Dunfermline warehouse in Scotland.
Saudi Arabia slashes oil prices, biggest cut in 26 years
Saudi Arabia has announced a major price cut for its flagship Arab Light crude oil, targeting Asian customers.
Gold jewelry sales rebound as prices cool
The demand for gold jewelry has witnessed a resurgence in June, owing to a decline in prices.
Lululemon to open its 1st Indian store in New Delhi
Canadian athletic apparel brand Lululemon has announced its plan to open its first store in India.
US might co-produce missiles with European allies
The United States is in talks with Germany and other European nations to co-produce missiles, as per Reuters.
Is Swiggy now an Indian-owned and controlled company?
Swiggy, the popular food delivery and quick commerce platform, has announced a major shift in its ownership structure.
Shoppers Stop owner puts $700M IPO plans on hold
K Raheja Corp, one of India's leading real estate developers, has postponed its initial public offering (IPO) plans.
Lost your job? ESIC will pay you for 3 months
The Employees' State Insurance Corporation (ESIC) has extended its unemployment allowance scheme, the Atal Beemit Vyakti Kalyan Yojana (ABVKY), by another year.
Nearly ₹18,000cr gone! Why Trent shares crashed today
Shares of Tata Group's fashion retailer Trent, which owns Westside and Zudio chains, plummeted by 10% on Tuesday.
Mukesh Bansal's Cult.fit files for IPO
Cult.fit, a leading fitness and active lifestyle platform co-founded by Myntra's Mukesh Bansal, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India(SEBI).
You can soon use UPI in Indonesia
India's Unified Payments Interface (UPI) will soon be integrated with Indonesia's payment system.
Why Meta is facing $1.4T penalty demand in US
Meta Platforms has revealed that four US states are seeking a whopping $1.4 trillion in penalties from the company.
Why imported Scotch whisky is becoming cheaper in India
The India-UK Free Trade Agreement (FTA) will come into effect on July 15, and one of its major impacts will be on the price of imported Scotch whisky and gin in India.
Porsche may cut 4,000 jobs in Germany: Report
Porsche is reportedly considering a major job cut in Germany, with up to 4,000 positions at risk. The move comes as part of the automaker's ongoing restructuring process.
Coursera cuts jobs as Udemy integration begins
Coursera has announced plans to lay off an unspecified number of employees following its recent acquisition of Udemy.
Flipkart valuation tops $38B in latest ESOP buyback
Walmart-owned Flipkart has been valued at approximately $38.2 billion in the second tranche of its employee stock ownership plan (ESOP) buyback program.
Musk loses bid to overturn Twitter fraud verdict
A US federal judge has denied Elon Musk's request to overturn a jury verdict that found him liable for defrauding Twitter investors during his 2022 takeover bid.
Tech layoffs top 119,000 in first half of 2026
The tech industry is experiencing a massive wave of layoffs, with over 119,000 employees lossing their jobs in the first half of 2026. This downturn is largely driven by AI-led restructuring.
Samsung's Q2 profit tops its entire 2025 earnings
Samsung Electronics has reported a whopping 19-fold surge in its quarterly profit, driven by the insatiable demand for memory chips used in AI data centers.
Musk's xAI is now called SpaceXAI
Elon Musk has rebranded his artificial intelligence (AI) venture, xAI, as SpaceXAI.
'Xbox isn't healthy': CEO's blunt message after 3,200 layoffs
Asha Sharma, the CEO of Xbox, has announced a major restructuring of the company.
Microsoft cuts 4,800 jobs as Xbox undergoes major overhaul
Microsoft is laying off 4,800 employees or 2.1% of its workforce.
NSE targets September launch for ₹30,000cr IPO
The National Stock Exchange (NSE) is gearing up for its long-awaited public listing, with a possible Initial Public Offering (IPO) launch in September, as per CNBC-TV18.
Saudi budget airline Flyadeal starts India operations
Saudi Arabia's low-cost airline Flyadeal has launched its first-ever service in India.
Blinkit pilots premium grocery service 'Gourmet'
Blinkit, a leading player in the quick commerce space, has launched a new premium grocery service called 'Gourmet.'
Chinese tea chain's logo costs $1.5M in Louis Vuitton lawsuit
Molly Tea, a popular Chinese bubble tea brand, has been ordered by a court in Jiangsu province to pay damages of 10.3 million yuan ($1.5 million) to luxury fashion house Louis Vuitton.
Weak monsoon could push India's inflation to 5%: S&P
A weak monsoon in India could push up inflation, weaken rural demand, and strain fiscal balances. This is according to a report by S&P Global Ratings.
Standard Chartered shuts 20 India branches, focuses on wealth management
British banking giant Standard Chartered has cut its branch network in India from some 100 to 80 in the last year, according to Business Standard.
Your mobile recharge could get costlier soon
India's telecom sector is likely to witness a tariff hike of 12-15% in the next three to four months, according to a report by Centrum Institutional Research.
Samsung Electronics' non-chip division workers to protest wage disparity
Samsung Electronics' non-chip division workers are gearing up for a major protest.
Ather Energy plans $200M share sale to fuel expansion
Ather Energy, a leading electric scooter manufacturer, is planning a major share sale, according to Bloomberg.
NSE set to kick off $3B IPO marketing next week
The National Stock Exchange of India (NSE), the world's largest derivatives exchange by trading volume, is gearing up for a major milestone.
Ex-Google recruiter flags common resume mistake that hurts interview chances
Farah Sharghi, a former recruiter for Google, TikTok, Uber, and The New York Times, has revealed a common mistake that can hurt job seekers' chances of landing interviews.
Navi eyes ₹3,000cr IPO by March 2027
Navi, the fintech start-up co-founded by Flipkart's Sachin Bansal, is gearing up for an initial public offering (IPO) by March 2027.
Akasa Air to join UDAN scheme, expand capacity significantly
Akasa Air, the new Indian airline, is gearing up to join the government's regional air connectivity scheme, UDAN. The announcement was made by CEO Vinay Dube.
Sensex rises nearly 600 points: What's behind today's rally?
India's equity benchmarks, the Sensex and Nifty, opened on a positive note on Monday.
Tesla limits employee AI spending to $200 per week
Tesla has introduced a new policy, limiting its employees' spending on artificial intelligence (AI) tools to $200 per week.
Uber pauses food delivery expansion in Europe
Uber has put a halt to its planned food delivery expansion in Europe, according to Financial Times.
Knack Packaging IPO allotment today: How to check status
The allotment for the Knack Packaging IPO is expected to be finalized today. Investors will soon know if they have been allocated shares in this highly subscribed public issue worth ₹439.5 crore.
Amazon to halt new sign-ups for its gig work platform
Amazon has announced that it will stop accepting new customers for its crowdsourcing service, Mechanical Turk, from July 30.
BPCL begins talks to import Iranian oil
Bharat Petroleum Corporation Limited (BPCL), India's second-largest fuel retailer, has begun talks with Iranian suppliers for the resumption of crude oil imports.
Webasto plans $500M IPO for India unit
German car parts supplier Webasto is planning an initial public offering (IPO) for its Indian subsidiary, Webasto Roofsystems India.