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Enforcement Directorate raids Parimatch across Maharashtra, Delhi-NCR, Rajasthan and Gujarat
The Enforcement Directorate conducted multi-state searches targeting payment companies, chartered accountants, and company secretaries linked to online betting firm Parimatch.
NCLAT delays Subhash Chandra insolvency hearing to October 7, 2026
The NCLAT has postponed the insolvency proceedings against Zee founder Subhash Chandra to October 7, following disputes over a ₹6.5 crore repayment plan.
Indian bond yields top 7% amid oil spike, inflation worries
Indian government bonds slumped as the benchmark 10-year yield briefly surpassed 7%, driven by escalating global debt selloff and surging oil prices amid geopolitical tensions.
Bitcoin dips below $78,000 amid oil and US monetary concerns
Bitcoin fell to $76,555 before recovering slightly above $77,542, as analysts caution a potential drop to $73,000 amid macroeconomic pressures and bearish momentum.
Air India Express unveils uniforms blending modern and traditional
Air India Express has introduced new uniforms for its cabin crew and frontline staff, drawing inspiration from traditional Indian weaves like Kanjeevaram, Patola, and Bagh.
Flipkart IPO delays coincide with leaders exiting, 2 VPs leave
Flipkart faces leadership changes as Vice Presidents Prathyusha Agarwal and Aakriti Chandra resign, adding to recent senior-level departures while the company delays its IPO plans.
Hero MotoCorp shares plunge 6.2% after August wholesales miss
Hero MotoCorp shares fell over 6% on September 2 after August wholesales rose just 3%, missing estimates, while motorcycle sales declined by 1.5% year-on-year.
Swiggy shares fall over 4% on MSCI index exclusion fears
Swiggy shares opened lower at ₹270, hitting an intraday low of ₹264.55 due to anticipated delisting from the MSCI index, triggering potential passive outflows of $340 million.
Deepa Jewellers IPO fully subscribed by 2nd day for expansion
Deepa Jewellers' IPO achieved full subscription by the second day, with a grey market premium (GMP) of ₹25 reflecting strong investor confidence in the company's growth potential.
Nikesh Arora says AI forces $1 trillion legacy systems overhaul
Palo Alto CEO Nikesh Arora highlights that $1 trillion in outdated cybersecurity infrastructure needs urgent modernization to counter AI-driven automated threats.
Axis Bank launches UPI limit management feature on mobile app
Axis Bank now allows customers to set personalized transaction limits for various UPI categories via its mobile app, enhancing control and security over digital payments.
ELCINA says Semicon 2.0, MPMS can boost India's supply chain
ELCINA highlights how Semicon 2.0, ECMS, and MPMS can synergize to establish a robust end-to-end electronics manufacturing ecosystem in India.
Natarajan Chandrasekaran to step down, Tata Sons faces succession challenge
Tata Group's chairman succession process faces delays as Sir Ratan Tata Trust remains barred from meetings, preventing nominee selection for the search panel.
Annu Projects shares debut below ₹99 then hit upper circuit
Annu Projects shares listed at a 24-27% discount to their IPO price of ₹99, briefly hitting the upper circuit before continuing to trade below the issue price.
Palo Alto Networks posts stronger Q4, to acquire AI-native console
Palo Alto Networks surpassed Q4 earnings expectations and acquired Console, an AI-native platform enhancing enterprise operations with AI-driven analysis and automation.
PwC: AI drives $31.6T global data center spending by 2050
Global data center spending is projected to hit $31.6 trillion by 2050, driven by rising AI adoption, with the U.S. capturing nearly half of the investment, PwC reports.
Taiwanese firms plan $20 billion US investment amid AI growth
Taiwanese companies plan an additional $20 billion investment in the U.S., driven by surging AI demand, according to Taiwan's economy minister at a Taipei trade show.
Indian rupee at 94.97 amid oil jump and rising yields
The Indian rupee fell 2 paise to 94.97 against the US dollar in early trade Wednesday, driven by escalating US-Iran tensions, rising oil prices, and stronger Treasury yields.
Indian markets open lower on oil and bond yield fears
Sensex dropped over 600 points, while Nifty slipped below 23,850 as surging crude prices and U.S. rate hike concerns weighed heavily on investor sentiment globally.
Nifty slips to 23,818.80 as Sensex tumbles over 700 points
Indian equity markets plunged as Nifty fell below 24,000, driven by surging crude oil prices and a spike in U.S. bond yields amid escalating U.S.-Iran tensions.
Sitharaman meets Banga in Asheville to boost infrastructure and MSMEs
Finance Minister Nirmala Sitharaman and World Bank President Ajay Banga discussed enhancing India–World Bank collaboration across infrastructure, MSMEs, and digital initiatives.
RBI closes FCNR(B) window 1 month early after $100bn deposits
Capital inflows under the FCNR(B) scheme exceeded $100 billion by August 31, surpassing the RBI's $80-billion estimate and prompting an early closure of the window.
Matt Clifford joins Anthropic as managing director of international affairs
Matt Clifford, former UK government AI strategist, has joined US startup Anthropic as managing director for international affairs, overseeing global government engagement.
Indian Sensex down 700 points after U.S.-Iran tensions hit markets
Sensex dropped 700 points and Nifty fell over 200 points as escalating US-Iran tensions pushed crude oil prices near $97 per barrel, raising concerns over inflation and growth.
Rupee edges up to ₹94.89 as RBI continues dollar sales
The rupee opened 6 paise higher at 94.89 against the dollar, supported by the Reserve Bank of India's sustained market intervention over the past 15 sessions.
Priority Jewels IPO ₹91.05cr after 100.45x subscription allotment expected today
Priority Jewels IPO allotment is expected today after a 100.45x subscription. With a GMP of Rs 28 (14%), shares may list at Rs 228 on September 4, 2026.
Lumino Industries IPO subscribed 118.12x as it debuts September 3
Lumino Industries shares are set to debut on the Indian stock market on 3 September, with a grey market premium (GMP) of +37 hinting at an estimated listing price of ₹119.
China ends tax break, taxes FIE dividends to foreigners 20%
China has ended a decadeslong tax exemption on dividends for foreign individuals, imposing a 20% income tax to boost revenue and curb aggressive cross-border tax planning.
Piyush Goyal meets industry on data center $700-800bn opportunity
India's data centre industry presents a $700-800 billion investment opportunity as the government addresses challenges like power, land, and skilled manpower to boost growth.
Apple reveals fiscal 2027 pay packages for Ternus and Cook
Apple has disclosed the compensation packages for new CEO John Ternus, set at $58 million, and executive chairman Tim Cook, who will earn $47 million in fiscal 2027.
Sumax Engineering to list on NSE SME after ₹53.40cr IPO
Sumax Engineering is set to debut on the NSE SME platform today, backed by a 22% grey market premium (GMP) and overwhelming IPO subscription of 162.94 times.
Indian markets set for cautious start as Nifty closes 24,056
Global markets face pressure as U.S. strikes on Iran push Brent crude to $96, sparking inflation fears. Rising bond yields and weak Asian cues signal a cautious Nifty opening.
Annu Projects Limited lists on BSE NSE after ₹175.06cr IPO
Annu Projects Limited is set to debut on BSE and NSE today, September 2, with a cautious grey market premium (GMP) of Rs 7 below its issue price of Rs 99.
AI boom sparks global data center demand for power gear
As global data centre investments soar toward $7 trillion by 2030, power and cooling suppliers like HD Hyundai Electric and Jinpan are capitalizing on surging demand.
Nirmala Sitharaman meets Kristalina Georgieva in Asheville, Georgieva praises India
Finance Minister Nirmala Sitharaman and IMF Managing Director Kristalina Georgieva discussed India's growth trajectory and global economic outlook in Asheville.
Brent $95.52 and WTI $91.02 lift US dollar amid tensions
The U.S. dollar strengthened on Wednesday as escalating Middle East conflicts drove oil prices higher, while rising Treasury yields bolstered expectations of a Fed rate hike.
AfterQuery becomes Y Combinator's fastest unicorn, valued at $3.2 billion
AI training-data startup AfterQuery has become Y Combinator’s fastest-ever unicorn, reaching a $3.2 billion valuation just 18 months after its Winter 2025 cohort participation.
BYJU Raveendran offers Aakash stake in $235 million-plus Qatar holding dispute
Byju Raveendran has offered to relinquish his beneficial interest in 17.89 million Aakash shares to address Qatar Holding's $235-million arbitration claim tied to prior financing.
Ken Karklin leaves Pivotal to pursue new endeavors, company says
Ken Karklin, CEO of Larry Page-backed eVTOL company Pivotal, has stepped down after four years, with aviation executive Mike Ross stepping in as interim leader.
TCS wins ₹2000cr Best Buy Bengaluru tech hub deal
TCS secured a Rs 2,000-crore deal to manage Best Buy's India GCC operations in Bengaluru, surpassing Accenture with competitive pricing and robust service-level agreements.
Domino's offers free pizza for uploaded rival receipts at IsTheDominoWorthy.com
Domino’s is offering free personal pizzas to customers who try iconic menu items from select fast food chains first, as part of its “Is the Domino Worthy?” promotion.
India introduces temporary import quotas for compressors and copper tubes
India permits temporary imports of select high-value electronic components to support local manufacturing amid supply-chain challenges and cost concerns.
Pentagon AI policy adviser Emil Michael sold Perplexity for $5 million-$25 millionlion
Emil Michael, a top Pentagon official overseeing military AI policy, sold Perplexity stock worth up to $25m in June, following earlier profits from Elon Musk's xAI.
Indian banks cut FCNR rates after RBI ends swap facility
Indian banks have reduced FCNR(B) deposit rates by up to 310 basis points following the closure of RBI's special swap window, ending a surge in foreign-currency inflows.
SEC proposes rule to open private markets to retail investors
The SEC is drafting a proposal to expand retail investor access to private markets, aiming to modernize performance fee rules and promote broader market participation.
Indian banks ask RBI to cut CRR for green deposits
Indian banks are advocating for a lower cash reserve ratio (CRR) on green deposits to reduce funding costs and accelerate green lending, aiding India's net-zero investment goals.
Nestle sells vitamins, supplements to Yellow Wood Partners for $1B
Nestle has agreed to sell its vitamins and supplements division, including seven brands, to Yellow Wood Partners for $1 billion, aiming to focus on stronger competitive advantages.
India's current account deficit in Q1 FY27 surges to $4.2B
India's current account deficit (CAD) widened to $4.2 billion in the first quarter of FY27, up from $3.4 billion during the same period last year.
Meet Bombay Creamery, Reliance's answer to Kwality Wall's ice cream
Reliance Consumer Products Limited (RCPL), the fast-moving consumer goods (FMCG) division of Reliance Industries Limited, has launched a new ice cream brand called Bombay Creamery.
Whatfix's co-founder and CEO Khadim Batti passes away at 49
Khadim Batti, the co-founder and CEO of Whatfix, has passed away at the age of 49 due to cardiac arrest.
India's bank unions are planning a strike on September 11
The United Forum of Bank Unions (UFBU), which claims to represent over 90% of the banking workforce in India, has announced a nationwide strike on September 11.
You can soon perform agentic payments through UPI
India is gearing up to introduce a framework that will enable artificial intelligence (AI) agents to make small digital payments without needing approval for each transaction.
India wants copper and other critical minerals from Zambia
India has resumed talks with Zambia to explore investment opportunities in copper and other critical minerals.
HDFC Bank's bonds hit record low: What's the reason?
HDFC Bank's newly issued dollar bonds have plummeted to unprecedented lows, following the unexpected exit of its Chief Executive Officer (CEO), Sashidhar Jagdishan.
This auto-parts maker is planning $300M IPO in India
Faridabad-based auto-parts manufacturer, Victura Technologies, is said to be mulling an initial public offering (IPO) in India.
GST collection in August up 14.8% YoY to ₹2L crore
India's Goods and Services Tax (GST) collection for August 2026 witnessed a remarkable growth of 14.8% year-on-year, reaching ₹1,99,853 crore.
ONGC, Chevron all set for oil deals with Venezuela
Leading global energy companies are on the verge of signing key agreements for projects in Venezuela.
KYC compliance: Millions of UPI merchants may miss RBI's deadline
The Indian payments industry is preparing for major disruptions as the Reserve Bank of India (RBI) nears its September 15 deadline for Know Your Customer (KYC) compliance.
Amazon sued over alleged $20B ad overcharges
The US Federal Trade Commission (FTC) and 22 states have filed a lawsuit against Amazon, accusing the tech giant of manipulating digital advertising prices on its platform.
UPI transactions cross 24B for first time
The Unified Payments Interface (UPI) has witnessed a major milestone, crossing the 24 billion transaction mark for the first time in August.
Why your next bottle of Old Monk might look different
Mohan Rocky Springwater, the manufacturer of popular rum brand Old Monk, has agreed to change its product labeling.
UpGrad buys edtech start-up Unacademy for just over $200M
Ronnie Screwvala-led UpGrad has officially acquired edtech start-up Unacademy for just over $200 million, the latter's co-founder and CEO Gaurav Munjal announced today.
SEBI's new ETF rules kick in September 7
The Securities and Exchange Board of India (SEBI) will implement new trading rules for exchange-traded funds (ETFs) from September 7.
Hy-Tech Engineers shares debut at 42% premium
Hy-Tech Engineers, a hydraulic fitting manufacturer, has made a strong debut on the stock market.
Happiest Minds' shares down 12% after merger with ITC Infotech
The share price of Happiest Minds Technologies nosedived by nearly 12% today, following the company's announcement of a merger with ITC Infotech.
Anthropic inks $35B cloud agreement with this NVIDIA-backed company
Anthropic has signed a massive $35 billion cloud-computing deal with Lambda, a cloud provider backed by NVIDIA, for a Texas data center.
Polymarket bags $300M from Donald Trump Jr's investment fund
Polymarket, a leading prediction market platform, has raised $300 million from 1789 Capital as part of a new funding round.
India's manufacturing sector hits 5-year low in August
India's manufacturing sector has hit a five-year low in August, according to the HSBC India Manufacturing Purchasing Managers' Index (PMI).
NCLT stays Subhash Chandra's ₹6.25cr insolvency settlement order
The National Company Law Tribunal (NCLT) has stayed its August 25 order in the insolvency case of Essel Group chairman Subhash Chandra.
Oracle may cut 7,000-10,000 jobs globally in fresh layoffs
Oracle is planning another round of layoffs that could affect thousands of employees in India, as per a Moneycontrol report.
Commercial LPG prices hiked by up to ₹12
The price of commercial liquefied petroleum gas (LPG) cylinders has been increased by around ₹10 across India.
Apple veteran Phil Schiller steps down as App Store chief
Phil Schiller, a long-serving Apple executive, is stepping down from his roles overseeing the App Store and product launches.
MediaTek shares surge 10% after NVIDIA's $3.5B investment
MediaTek's shares surged by 10% during Taipei trading on Tuesday, following a massive $3.5 billion investment from NVIDIA.
ATF prices hiked by 5.46%: Will flight tickets rise?
The price of aviation turbine fuel (ATF) for domestic airlines has been increased by 5.46%, or ₹6.28 per liter.
CNG, PNG prices increased in Mumbai: Check new rates
Mahanagar Gas Limited (MGL) has announced a hike in the price of Compressed Natural Gas (CNG) and domestic Piped Natural Gas (PNG) in Mumbai.
Why NVIDIA is investing $3.5B in MediaTek
NVIDIA has announced a major investment of $3.5 billion in Taiwanese semiconductor giant MediaTek.
India's fiscal deficit for April-July stands at ₹4.55L crore
India's fiscal deficit for the first four months of this financial year, up to July, stood at ₹4.55 lakh crore.
You can soon port AutoPay mandates across UPI apps
The National Payments Corporation of India (NPCI) is planning to make UPI AutoPay interoperable.
How Axis Mutual Fund's new 'Shagun SIP' feature works
Axis Mutual Fund has launched a new digital feature called 'Shagun SIP,' aimed at systematic investment in gold and silver.
You can now use PhonePe for payments on feature phones
PhonePe has launched a new service, UPI 123Pay, to enable feature phone users to make Unified Payments Interface (UPI) payments without an internet connection.
Who is John Ternus, Apple's new CEO after Tim Cook?
Tim Cook, the long-serving CEO of Apple, is stepping down from his position on September 1.
Financial changes from September 1
Starting September 1, a number of key financial changes will come into effect.
India's GDP grows 7.8% in Q1 FY27, beats expectations
India's economy grew by 7.8% in the April-June quarter of FY2026-27, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) today.
Gold falls ₹2,600, silver drops ₹4,200: What's driving the sell-off?
Gold and silver prices have witnessed a sharp decline of up to 2% in early deals on the Multi Commodity Exchange (MCX) today. The fall comes amid profit-taking and weak global cues.
This city has the most number of billionaires in Asia
The global billionaire population has seen its fastest growth since 2020, driven largely by the artificial intelligence (AI) boom.
NPS charges changing from October 1: How it affects subscribers
The Pension Fund Regulatory and Development Authority (PFRDA) has announced a revision in the charge structure for Point of Presence (PoP) channels under the National Pension System (NPS).
Zomato won't show you fake dairy dishes anymore
In a major move, Zomato has announced a zero-tolerance policy against the sale of analog dairy dishes on its platform in India.
Guidelines for Semicon 2.0 scheme notified: How it affects businesses
The Indian government has notified the detailed framework for its Semicon 2.0 scheme, which aims to boost the country's semiconductor ecosystem.
Ather Energy stock hits record high, brokerages turn bullish
Ather Energy's stock has witnessed a remarkable surge, rising by 4% to a new high of ₹1,679 today.
Why Zee Entertainment shares crashed 14% today
Zee Entertainment witnessed a massive fall in its share price on Monday.
Pernia's Pop-Up Shop IPO now open: Should you subscribe?
Purple Style Labs, the parent company of luxury fashion platform Pernia's Pop-Up Shop, has launched its initial public offering (IPO) today.
SpiceJet wants more time to pay ₹50cr to Kalanithi Maran
SpiceJet, the cash-strapped budget airline, has sought more time from the Delhi High Court to pay its first installment of ₹50 crore.
Why Bank of England chief is worried about advanced AI
Andrew Bailey, the Governor of the Bank of England, has warned that advanced artificial intelligence (AI) could pose a threat to global financial stability.
NCLAT will hear challenge to Subhash Chandra's repayment plan tomorrow
The National Company Law Appellate Tribunal (NCLAT) has agreed to hear an urgent plea from several creditors, challenging the approval of Subhash Chandra's repayment plan by the National Company Law Tribunal (NCLT).
Why Zomato is firing around 250 employees in Hyderabad
Zomato, the popular food delivery platform, is shutting down its customer support operations in Hyderabad, as per The Economic Times.
OpenAI has warrants worth $5.5B from this SoftBank subsidiary
US tech giant OpenAI has been issued warrants worth an estimated $5.5 billion by SB Energy, a power infrastructure firm, the Wall Street Journal has reported.
Zomato cuts 250 jobs as it shuts Hyderabad support center
Zomato, the food delivery platform, is shutting down its customer support operations in Hyderabad. The move will lead to around 250 job losses, as per the Economic Times.
Oil surges above $90 as US strikes Iran
Oil prices surged over 2% on Monday after US forces targeted two Iranian launchers on Larak Island in the Strait of Hormuz.
Aon nears $17B deal to buy USI Insurance
Aon, a leading insurance broker and consultancy firm, is close to finalizing a deal to acquire USI Insurance Services from private equity firm KKR.
Sensex tumbles 500 points: What's dragging markets down today?
The benchmark equity indices, Sensex and Nifty, witnessed a sharp decline on Monday.
UPI set to launch in Uzbekistan
The Unified Payments Interface (UPI) will soon be launched in Uzbekistan, the Ministry of External Affairs (MEA) has confirmed.
Why Apple's new CEO faces a management shake-up
John Ternus, the incoming CEO of Apple, is expected to make major changes in the company's executive team.
China's factory activity shrinks for second consecutive month
China's manufacturing sector has witnessed a contraction for the second consecutive month, albeit at a lesser rate than market predictions.
Ex-SBI chief Dinesh Khara among contenders for HDFC Bank CEO
Former State Bank of India (SBI) Chairman Dinesh Kumar Khara is being considered as a potential successor to Sashidhar Jagdishan for the position of Managing Director and Chief Executive Officer (MD & CEO) at HDFC Bank.
Tamil Nadu's new-age business houses line up for IPOs
A number of Tamil Nadu-based companies are preparing to launch their initial public offerings (IPOs).