LOADING...

Business News

No jargons, no mumbo-jumbo. Read the unadulterated Business news here.

05 Dec 2025
TL;DR

EU hits X (Twitter) with $140 million fine over digital rules

Elon Musk's social media firm X was fined $140 million by EU regulators for violating online content rules, while TikTok escaped a penalty through concessions.

05 Dec 2025
TL;DR

Zepto fined for tricking users with hidden fees and sneaky charges

India's Central Consumer Protection Authority (CCPA) has fined quick commerce platform Zepto ₹700,000 for employing 'dark patterns' and misleading price disclosures.

05 Dec 2025
TL;DR

EU hits Musk's X with €120 million fine over digital rule breaches

Elon Musk's social media platform, X, has been fined €120m by the European Union for breaching new digital laws. This marks the first major clash under these new regulations.

05 Dec 2025
Perplexity

Chicago Tribune sues Perplexity over copyright infringement

The Chicago Tribune has filed a lawsuit against AI search engine Perplexity, alleging copyright infringement.

IndiGo's market cap plunges by ₹25,000cr amid flight cancellations

InterGlobe Aviation Ltd, the parent company of India's largest airline IndiGo, has seen a massive drop in its market capitalization.

05 Dec 2025
Apple

iPhone Air loses nearly half its value within weeks

Apple's latest offering, the iPhone Air, is witnessing a rapid depreciation in its resale value.

05 Dec 2025
TL;DR

NPR, Colorado stations sue Trump over public media funding cuts

NPR is legally contesting President Trump's executive order that seeks to end federal subsidies for public broadcasters, alleging it infringes on their First Amendment rights.

Who's Avadhut Sathe, whose case is shaking India's finfluencer space?

The Securities and Exchange Board of India (SEBI) has barred stock market influencer Avadhut Sathe and his firm, Avadhut Sathe Trading Academy (ASTA), from the securities market.

05 Dec 2025
TL;DR

Rebel Foods sees strong sales, but challenges remain

Rebel Foods reported a modest 14% revenue growth and a loss of Rs 336 crore in FY25, despite its efforts to control expenses.

05 Dec 2025
TL;DR

Amazon settles $210 million tax and labor case in Italy

Amazon's Italian unit has paid approximately $210 million to end an investigation into alleged tax fraud and illegal labour practices.

05 Dec 2025
Anil Ambani

ED seizes ₹1,120cr in fresh assets from Anil Ambani group

The Enforcement Directorate (ED) has attached assets worth ₹1,120 crore from the Reliance Anil Ambani Group as part of a money laundering probe.

05 Dec 2025
TL;DR

Foxconn's revenue jumps 26% in November as AI demand booms

Taiwanese electronics producer, Hon Hai Precision Industry Co., reported a 26% revenue rise in November, indicating strong demand for Nvidia Corp. servers during the ongoing AI development boom.

05 Dec 2025
TL;DR

SoftBank's Arm is bringing a chip design school to South Korea

SoftBank's chip unit, Arm Holdings, is planning to set up a chip design school in South Korea, aiming to strengthen the country's semiconductor and AI sectors.

05 Dec 2025
TL;DR

IndiGo shares bounce back after DGCA eases pilot rest rules

InterGlobe Aviation's shares rebounded after the DGCA relaxed some pilot duty regulations, following a significant number of flight cancellations by IndiGo.

Massive rollback: DGCA tweaks rules to ease IndiGo flight crisis

The Directorate General of Civil Aviation (DGCA) has relaxed a key crew-duty requirement as IndiGo's operational crisis continues to disrupt air travel across India.

05 Dec 2025
TL;DR

IREDA shares take a hit, but company plans big fundraising move

IREDA shares hit a new low, falling over 2% on December 5, marking a seven-day losing streak. The stock has corrected nearly 60% from its all-time high.

05 Dec 2025
TL;DR

Meet Luana Lopes Lara, the youngest self-made female billionaire

Luana Lopes Lara, a former ballerina and co-founder of Kalshi, has become the world's youngest self-made female billionaire at 29.

05 Dec 2025
TL;DR

Air India, Maldivian join hands to boost travel to Maldives

Air India and Maldivian have formed an interline partnership to streamline travel between India and the Maldives, enhancing connectivity across both airlines.

IndiGo disruption continues: Chennai airport shares list of canceled flights

India's largest airline, IndiGo, is facing a major operational crisis with widespread flight cancellations and delays.

05 Dec 2025
IndiGo

IndiGo crisis allowed to worsen, claims viral staff letter

Amid widespread flight cancellations and chaos at several airports, an "open letter" from IndiGo employees has gone viral on social media.

05 Dec 2025
Apple

Apple faces leadership shakeup as policy chief departs

Apple has announced a series of major executive changes, including the retirement of its environmental and policy lead, Lisa Jackson.

05 Dec 2025
IndiGo

IndiGo flight cancellations make couple attend their own reception online

A newlywed couple, both software engineers working in Bengaluru, had to attend their own reception virtually due to widespread IndiGo flight cancellations.

05 Dec 2025
TL;DR

IndiGo's market value plunges by ₹25Kcr amid flight cancelations

IndiGo's ongoing flight disruptions and cancellations have led to a Rs 25,000 crore decrease in the market capitalisation of its parent company, InterGlobe Aviation Ltd.

05 Dec 2025
IndiGo

IndiGo shares fall over 3% amid nationwide flight cancellations

InterGlobe Aviation, the parent company of IndiGo, witnessed a decline of over 3% in its shares on Friday.

05 Dec 2025
TL;DR

Chicago Tribune sues Perplexity AI over using its articles

The Chicago Tribune has sued AI search engine Perplexity, alleging copyright infringement and unauthorized use of its content.

Indian tourists can now use UPI in Cambodia

NPCI International Payments Limited (NIPL), the global arm of India's National Payments Corporation (NPCI), has partnered with ACLEDA Bank Plc., Cambodia's first publicly listed commercial bank.

05 Dec 2025
TL;DR

Bitcoin, Ethereum slip; XRP, Solana, BNB see bigger drops

Bitcoin experienced a near 2% decline to trade around $92,000, while Ethereum shows signs of a potential breakout at around $3,200.

05 Dec 2025
TL;DR

Sensex surges as RBI cuts repo rate again

The Indian stock market witnessed a surge with Sensex jumping over 300 points and Nifty 50 crossing the 26,100 mark following a 25 bps repo rate cut by RBI.

05 Dec 2025
TL;DR

Russian banks want in on India's market

Russian lenders Gazprombank and Alfa Bank are reportedly seeking clearance from India's central bank to establish branches in the country.

05 Dec 2025
China

Moore Threads, China's answer to NVIDIA, surges 500% on debut

Moore Threads Technology Co., a Chinese artificial intelligence (AI) chip maker, has made an explosive stock market debut.

05 Dec 2025
TL;DR

IndiGo cancels all Delhi flights till midnight amid operational crisis

IndiGo cancels all flights from Delhi today due to internal operational challenges, causing its shares to fall by 1 percent.

05 Dec 2025
TL;DR

Sensex, Nifty open higher as RBI policy decision looms

Indian stock market indices Sensex and Nifty exhibited volatile trends on December 5, 2025, ahead of the Reserve Bank of India's monetary policy decision.

Park Hospital IPO is India's 100th mainboard issue of 2025

Park Medi World, the company behind the popular Park Hospital chain in North India, has filed its initial public offering (IPO) with a target of raising ₹920 crore.

05 Dec 2025
Mark Zuckerberg

Layoffs loom as Meta plans 30% budget cuts for metaverse

Meta Platforms, the tech giant led by Mark Zuckerberg, is planning to slash its budget for metaverse projects by a whopping 30%, according to Bloomberg.

05 Dec 2025
Reserve Bank Of India (RBI)

RBI slashes repo rate to 5.25% amid persistent rupee decline

The Reserve Bank of India (RBI) has announced a reduction in the repo rate by 25 basis points, bringing it down to 5.25%.

05 Dec 2025
TL;DR

RBI bumps up India's growth forecast for 2025-26

The Reserve Bank of India's Monetary Policy Committee has increased the GDP growth forecast for FY2025-26 to 7.3%, up from the previous estimate of 6.8%.

05 Dec 2025
TL;DR

RBI cuts repo rate: What it means for your FDs

The Reserve Bank of India's recent repo rate cut could lead to lower fixed deposit rates, affecting investors and prompting a review of investment strategies.

05 Dec 2025
Layoff News

US layoffs highest in years as employers cut 1.1M roles

US employers have announced over 1.1 million layoffs this year, the highest since the COVID-19 pandemic in 2020, according to a report by consulting firm Challenger, Gray & Christmas.

05 Dec 2025
IndiGo

IndiGo flight disruptions enter 4th day, 550 flights canceled

India's largest airline, IndiGo, is still reeling from major operational disruptions for the fourth consecutive day.

05 Dec 2025
TL;DR

RBI cuts repo rate to 5.25%—Here's what's up

The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points to 5.25%, despite a falling rupee and robust GDP growth.

05 Dec 2025
TL;DR

Exato Technologies lists at 90% premium on BSE

Exato Technologies' shares listed at a 90% premium in their market debut on the BSE, following an 881 times subscription in the primary market.

05 Dec 2025
TL;DR

Indian rupee bounces back ahead of key RBI policy update

The Indian rupee showed signs of recovery in early trading, while traders cautiously await a crucial policy decision from the Reserve Bank of India.

05 Dec 2025
TL;DR

Silver cools off after record highs

Silver continues its decline from a historic peak as traders cash in on recent gains, while gold also experiences a slight dip.

05 Dec 2025
TL;DR

RBI's crucial interest rate decision: What to expect

The Indian equity benchmark indices, Nifty50 and BSE Sensex, opened flat today with Nifty50 trading above 26,000 and BSE Sensex around 85,250.

05 Dec 2025
Indian Rupee (INR)

Indian rupee at record low: How it affects your wallet

The Indian rupee has depreciated by over 5% this year, driven by a higher trade deficit, portfolio outflows, and uncertainty over the US trade deal.

05 Dec 2025
TL;DR

Simone Tata, trailblazer behind Lakme and Westside, passes away at 95

Simone Tata, mother of Noel Tata and stepmother to former Tata Group chairman Ratan Tata, passed away at 95. She leaves behind a significant legacy as a business leader in India.

05 Dec 2025
TL;DR

Rupee opens stronger at 89.85 per dollar

The rupee opened at 89.85 against the US dollar, marking a 13 paise increase from the previous day, in anticipation of the Reserve Bank of India's (RBI) monetary policy decision.

05 Dec 2025
Vladimir Putin

Defense shares in focus amid Putin's India visit

Indian defense stocks are in focus today as Russian President Vladimir Putin arrives in India for the 23rd India-Russia Annual Summit.

05 Dec 2025
TL;DR

Park Medi World's ₹920cr IPO is coming up soon

Park Medi World, operator of the Park Hospital chain, has fixed the price band for its ₹920 crore initial public offering (IPO) opening on December 10.

05 Dec 2025
TL;DR

OpenAI and NextDC are building a massive AI data center in Sydney

OpenAI is partnering with Australian firm NextDC Ltd. to build a $4.6 billion computing cluster in Sydney, marking OpenAI's expansion into the Asia-Pacific region.

05 Dec 2025
TL;DR

Delhi HC lets Dr Reddy's export generic diabetes drug (but not in India yet)

Dr Reddy’s Laboratories has celebrated a favourable High Court ruling regarding the drug Semaglutide, amidst a legal dispute with Novo Nordisk.

05 Dec 2025
TL;DR

Moore Threads's IPO: Shares skyrocket 469% on 1st day

Chinese AI chip manufacturer, Moore Threads, saw its shares surge by 500% in early trading following a highly successful IPO. The company is often compared to tech giant Nvidia.

05 Dec 2025
TL;DR

Indians returning from US could face bigger tax bills now

Indians returning from the US may face increased taxes as benefits from the India-US tax treaty potentially diminish.

05 Dec 2025
TL;DR

Encompass Design India IPO opens December 5: Key details

Encompass Design India, trading as ScaleSauce, is launching its Rs 40.21 crore IPO with a price band of Rs 101 to Rs 107 per share. The GMP stands at 0 ahead of opening.

05 Dec 2025
TL;DR

Indian stock market snaps losing streak, Sensex up 158 points

Indian equities ended higher on Thursday, but GIFT Nifty signals a muted start for Friday. Meanwhile, Asian shares trade lower following a subdued Wall Street session.

05 Dec 2025
TL;DR

Indian markets set for upbeat start as RBI decision looms

Indian stock benchmarks are expected to open higher on Friday, amid investor anticipation over the Reserve Bank of India's policy decision.

05 Dec 2025
TL;DR

Asian stocks slip as everyone waits for US inflation news

Asian equities fell in early trading led by Japanese indexes, snapping a three-day gain streak. This follows a lackluster session on Wall Street impacting tech stocks and bonds.

05 Dec 2025
TL;DR

Cohesity bets big on India with $1B investment and new Bengaluru hub

Data security company Cohesity is preparing to invest $1 billion in India over the next five years, focusing on expanding engineering capabilities and support functions.

05 Dec 2025
TL;DR

Why brands are using multi-sensory marketing to woo customers

Brands are increasingly utilizing multi-sensory experiences in their marketing efforts to stand out and create deeper emotional connections with consumers.

05 Dec 2025
TL;DR

Noida man loses ₹12cr in fake stock trading scam

A 50-year-old engineering consultant from Noida lost ₹12 crore to a stock trading scam orchestrated by cyber criminals, according to local police.

05 Dec 2025
TL;DR

Micro1, founded by 24-year-old, hits $100 million ARR

Micro1, a startup aiding AI labs in recruiting and managing human experts for data training, has reportedly exceeded $100 million in annual recurring revenue (ARR).

05 Dec 2025
TL;DR

Versace's creative director Dario Vitale is stepping down

Dario Vitale, Versace's creative director, is leaving the fashion house shortly after its $1.4bn sale to Prada. His departure comes less than nine months into his tenure.

05 Dec 2025
TL;DR

AMD will pay 15% US tax on AI chips sold to China

AMD CEO Lisa Su has confirmed the company's readiness to pay a 15% U.S. tax on MI 308 chip exports to China, following a deal with the Trump administration.

05 Dec 2025
TL;DR

India's 1st 6GW solar ingot-wafer plant is coming to Andhra Pradesh

ReNew Photovoltaics is establishing India's first integrated 6 GW solar photovoltaic ingot and wafer manufacturing plant in Anakapalli, Andhra Pradesh.

04 Dec 2025
Bengaluru

India remains key market despite global tariff pressures: Google

Google has reaffirmed its commitment to India, despite the ongoing trade and tariff tensions with the US.

IndiGo shares fall fifth straight day amid widespread flight disruptions

Shares of InterGlobe Aviation, the company that operates IndiGo, fell by 3.4% in early trade on Thursday.

04 Dec 2025
Canada

India, Canada to start talks for free trade agreement

India and Canada are gearing up to start negotiations for a Comprehensive Economic Partnership Agreement (CEPA).

04 Dec 2025
Ultraviolette F77

EV-maker Ultraviolette secures $45M from Zoho and Ferrari-linked investor

Bengaluru-based electric vehicle (EV) maker Ultraviolette Automotive has raised $45 million in its ongoing Series E funding round.

04 Dec 2025
SoftBank Group

InMobi founders buy back $250M stake from SoftBank

InMobi's founders have acquired a 25-30% stake from Japanese investor SoftBank. The deal is expected to net SoftBank around $250 million.

04 Dec 2025
LinkedIn

70% of Indian professionals now want to work for themselves

A recent LinkedIn report has revealed a major shift in India's professional landscape, with 70% of Indian professionals expressing a desire to work for themselves.

04 Dec 2025
NITI Aayog

NITI Aayog to unveil roadmap for building quantum-powered Indian economy

NITI Aayog is set to launch its 'Roadmap for Transforming India into a leading Quantum Powered Economy' today at the International Institute of Information Technology (IIIT-Hyderabad) campus in Gachibowli.

MrBeast's CEO hints at IPO, wants fans to be 'owners'

MrBeast, the YouTube sensation with a whopping 450 million subscribers, could be heading for an Initial Public Offering (IPO).

NephroPlus IPO: India's 99th mainboard issue of 2025 opens soon

Nephrocare Health Services, the company behind the NephroPlus brand, will launch its initial public offering (IPO) on December 10.

04 Dec 2025
Reserve Bank Of India (RBI)

Indian rupee in freefall, hits new all-time low of ₹90.43/dollar

The Indian rupee hit another record low on December 4, opening at ₹90.43 against the US dollar. The fall extends a sharp depreciation streak after the currency crossed the key ₹90 level a day earlier.

04 Dec 2025
Apple

Meta hires Apple design chief to lead new creative studio

Alan Dye, Apple's top design executive and head of its user interface team since 2015, is leaving the tech giant to join Meta.

03 Dec 2025
Finance

Pine Labs posts ₹6cr profit in Q2, revenue surges 18%

Pine Labs, a leading digital payments processor, has reported a net profit of ₹5.97 crore for the July-September quarter of FY26.

03 Dec 2025
IndiGo

Why IndiGo needs 2 days to restore normal flight operations

IndiGo, India's leading airline, has announced that it will take the next 48 hours to restore its flight operations.

03 Dec 2025
Uber

You can now ride Uber's robotaxis in Dallas

Uber has launched a commercial robotaxi service in Dallas, Texas.

03 Dec 2025
Blinkit

Blinkit now lets you add items after placing an order

Blinkit, a leading quick commerce platform, has launched a new feature that allows customers to add more items to their cart even after placing an order.

Manipal Hospitals wants to raise $1B via IPO in India

Manipal Health Enterprises is gearing up to file a $1 billion initial public offering (IPO) in January.

03 Dec 2025
Airbus

Why Airbus will deliver fewer jets this year

Airbus has revised its 2025 aircraft delivery target downwards, owing to production issues with its popular A320 jet.

Aequs IPO fully subscribed in hours, GMP surges to 37%

The ₹922 crore initial public offering (IPO) of Aequs, a leading manufacturer of airplane parts, has been fully subscribed within two hours of its opening on Day 1.

03 Dec 2025
Stock Market

These defense stocks are in focus as Putin visits India

As Russian President Vladimir Putin prepares for his two-day state visit to India tomorrow, defense stocks in the country are set to come under investor focus.

03 Dec 2025
Reliance Retail

Reliance Retail appoints ex-Flipkart executive as its new CEO

Reliance Industries has appointed Jeyandran Venugopal, a former Flipkart executive, as the President and Chief Executive Officer of Reliance Retail Ventures Ltd (RRVL).

03 Dec 2025
San Francisco

Why San Francisco has sued US processed food giants

In a landmark move, San Francisco has become the first city in the US to sue food manufacturers over ultra-processed foods (UPFs).

03 Dec 2025
Reserve Bank Of India (RBI)

India's services growth surges but export orders hit 8-month low

India's services sector witnessed an acceleration in November, according to the latest HSBC India Services Purchasing Managers's Index (PMI) survey.

03 Dec 2025
Ola

Ola suspends food‑delivery operations amid strategic shift

Ola, the popular ride-hailing company, has suspended its food delivery service, Ola Foods.