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Business News

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03 Aug 2026
TL;DR

Kotak Mahindra AMC launches Kotak Nifty Bank Index Fund NFO

Kotak Mahindra AMC has introduced the Kotak Nifty Bank Index Fund, offering passive exposure to banking stocks by tracking the Nifty Bank Index during its NFO from August 3-17.

03 Aug 2026
TL;DR

Jio Financial adopts AI, partners with BlackRock and Allianz

Jio Financial Services leverages AI-powered platforms and strategic partnerships with BlackRock and Allianz to expand its lending, payments, and asset management businesses.

03 Aug 2026
TL;DR

KKR raises $19.2 billion for largest infrastructure fund ever

KKR has closed its largest-ever infrastructure fund, amassing $19.2 billion to invest in AI data centers, energy transition, digital infrastructure, and logistics assets.

03 Aug 2026
TL;DR

Texmaco Rail Q1 FY27 net profit surges 67% to 50L/cr

Texmaco Rail & Engineering reported a 67% surge in net profit to ₹50 crore, despite a 17% revenue decline to ₹757 crore, reflecting improved operational efficiency.

03 Aug 2026
TL;DR

HDFC Bank unveils Max for Seniors, Max for Her accounts

HDFC Bank introduces 'Max for Seniors' and 'Max for Her,' offering specialized benefits like higher returns, insurance coverage, and exclusive perks for senior citizens and women.

03 Aug 2026
TL;DR

Ather Energy cuts loss to 50.87 cr, Rizta attracts families

Ather Energy reported a reduced net loss of ₹50.87 crore in Q1, driven by an 81% surge in vehicle sales and strong demand for its family-focused Rizta scooters.

03 Aug 2026
NVIDIA

Sarvam AI nears ₹700cr funding led by NVIDIA

Indian AI start-up Sarvam is gearing up to raise $74 million (around ₹700 crore) in an extension of its Series B funding round.

03 Aug 2026
TL;DR

India proposes easing compliance for offshore funds with Indian teams

India plans to ease tax rules for offshore funds using local managers by removing size and investor limits, aiming to attract foreign capital and boost domestic fund management.

03 Aug 2026
TL;DR

Franklin Templeton India announces Franklin India Short Term Fund NFO

Franklin Templeton India introduces Franklin India Short Term Fund, an open-ended debt scheme focusing on high-quality instruments with a Macaulay duration of 1-3 years.

03 Aug 2026
TL;DR

India invests ₹127500cr in semiconductor mission phase 2 boosting manufacturing

The Indian government plans to co-invest with venture capitalists under ISM 2.0, enabling larger funds to attract diverse companies across the semiconductor value chain.

03 Aug 2026
TL;DR

SpaceX to report 1st post-IPO earnings amid Starlink funding doubts

SpaceX's inaugural earnings report post-IPO will reveal Starlink's profitability and scrutinize Elon Musk's ambitious AI spending amid rising investor concerns.

03 Aug 2026
TL;DR

Sensex jumps 544.39 points, Nifty up 390.70 points adding ₹5L/cr

Sensex surged 544 points as easing geopolitical tensions and a sharp drop in crude oil prices boosted market sentiment, adding Rs 5 lakh crore to investors' wealth.

03 Aug 2026
TL;DR

Australia raises levy to 2.5% on tech ad earnings

Australia has raised its planned levy on tech giants to 2.5% of advertising revenue, targeting companies like Meta, Google, and TikTok that fail to secure local news agreements.

03 Aug 2026
TL;DR

Spinny parent Valuedrive Technologies becomes public company ahead of IPO

Spinny, a leading used car retailing platform, has transitioned into a public company as part of its preparations for an IPO slated for CY27.

03 Aug 2026
Blinkit

Zepto's shares take a hit as quick-commerce firm delays IPO

Zepto's unlisted shares have witnessed a massive 23% decline in the last five trading sessions.

03 Aug 2026
TL;DR

Zoho co-founder Sridhar Vembu dismisses generational labels, praises employees' dedication

Zoho co-founder Sridhar Vembu believes categorizing people by age is unproductive, emphasizing that values like hard work and simplicity transcend generational boundaries.

03 Aug 2026
TL;DR

India seeks to extend machinery tax breaks until 2041

India plans to extend tax exemptions until 2041 for foreign firms supplying machinery to contract manufacturers, benefiting Apple as it expands iPhone production in the country.

03 Aug 2026
TL;DR

Ethos shares surge nearly 20% as Q1 profit hits ₹28cr

Ethos Ltd. shares soared nearly 20% intraday after reporting a 47% year-on-year net profit growth in Q1, with revenue rising 34% to ₹462 crore.

03 Aug 2026
TL;DR

Sovereign and pension funds boost India's 2070 net 0 infrastructure

Investors are expanding focus beyond renewables to include transmission, storage, and climate infrastructure, driving India's 2070 net-zero transition.

03 Aug 2026
TL;DR

SMH ETF drops nearly 18% after Broadcom AI warning

The VanEck Semiconductor ETF (SMH) plunged 18% in a month, reversing its prior 75% one-year surge, as weak AI chip demand and broader sector concerns weighed heavily.

03 Aug 2026
TL;DR

Piyush Goyal urges India, Uzbekistan to double trade to $3B

India and Uzbekistan aim to double their $1.5 billion bilateral trade within three years, focusing on sectors like mining, pharma, healthcare, and cotton production.

03 Aug 2026
TL;DR

PAG-backed Sekhmet shifts to CDMO, targets 2,000cr in 3 years

Sekhmet Pharmaventures, backed by PAG and partners, plans to achieve ₹2,000 crore revenue in three years by transitioning to an integrated contract manufacturing model.

03 Aug 2026
TL;DR

MV Electrosystems IPO garnered 111.27 times subscription on final day

MV Electrosystems' IPO witnessed an overwhelming 111.27 times subscription, driven by exceptional demand from non-institutional investors (279.10x) and retail investors (154.94x).

03 Aug 2026
TL;DR

Morgan Stanley upgrade lifts Urban Company 18% despite ₹92cr loss

Urban Company's stock soared 18% intraday after Morgan Stanley upgraded it to Overweight, despite the company reporting a Rs 92 crore net loss in Q1 FY27.

03 Aug 2026
Subhash Chandra

ZEE says SEBI order won't impact ₹3,140cr fundraising plan

Zee Entertainment Enterprises Ltd (ZEEL) has asserted that the recent order from the Securities and Exchange Board of India (SEBI) will not affect its ongoing ₹3,143 crore fundraising exercise.

03 Aug 2026
TL;DR

Meesho June quarter sales ₹2,093.27cr as net profit plunges 98.65%

Meesho reported standalone net sales of Rs 2,093.27 crore in June 2026, marking a 3.02% year-on-year growth compared to Rs 2,031.88 crore in June 2025.

03 Aug 2026
TL;DR

CXMT plans 2nd Beijing Yizhuang fab as AI demand surges

China's largest chipmaker, CXMT, is planning a second memory-chip plant in Beijing's Yizhuang area and is seeking government-backed funding for the project, sources say.

03 Aug 2026
TL;DR

SBI Cards & Payment Services posts ₹664.44cr profit sales ₹5,040.55cr

SBI Cards & Payment Services reported standalone net sales of Rs 5,040.55 crore in June 2026, marking a 3.36% year-on-year increase from Rs 4,876.92 crore in June 2025.

03 Aug 2026
TL;DR

Zepto valuation slips under $3.5B after pre-IPO fundraising decision

Zepto's unlisted shares plunged 23% in five days, slashing its implied valuation to under $3.5 billion as the company deferred its IPO and opted for pre-IPO fundraising.

03 Aug 2026
TL;DR

Coal India Limited Q1 FY27 revenue ₹46,254.80cr, profit up 1.24%

Coal India reported consolidated net sales of Rs 46,254.80 crore in June 2026, marking a 29.05% year-on-year growth compared to Rs 35,842.19 crore in June 2025.

03 Aug 2026
TL;DR

China sends 1st outbound e-CNY payment for durians to Malaysia

China's digital yuan enables cross-border transactions in just 30 minutes, bypassing SWIFT and reducing costs, as demonstrated by a durian shipment settled with Malaysia.

Juniper Green Energy IPO fully subscribed on last day

The initial public offering (IPO) of Juniper Green Energy has been fully subscribed on the last day of bidding.

03 Aug 2026
TL;DR

Data centers to drive housing demand and boost local infrastructure

India's 9,030 MW data centre pipeline is set to drive 195 million sq ft of residential demand by 2030, transforming regions into urban ecosystems.

03 Aug 2026
TL;DR

Sarvam AI to raise $74 million led by NVIDIA after $234 million

Sarvam AI is set to raise $74 million in a Series B extension led by NVIDIA, with participation from Glade Brook Capital, Gaja Capital, and other prominent investors.

03 Aug 2026
TL;DR

India's IPO market raises $5.78 billion in 2026, down 21%

India's IPO market has slowed in 2026, with fundraising dropping 20% from last year as companies reduce deal sizes, accept lower valuations, and delay listings.

03 Aug 2026
TL;DR

Japanese yen rebounds to ¥155 after US and Japan intervention

The yen surged to ¥155 per dollar, its strongest since May, following a rare joint intervention by the US and Japan to stabilize the currency.

03 Aug 2026
Donald Trump

Sensex gains over 600 points: What's behind today's rally?

The Indian stock market witnessed a surge on Monday, with the benchmark indices Sensex and Nifty both registering significant gains.

03 Aug 2026
TL;DR

Finance Ministry raises EPF and EPS limit to ₹25,000 monthly

The Finance Ministry has approved raising the mandatory Employee Provident Fund wage ceiling from Rs 15,000 to Rs 25,000 per month, pending Cabinet approval for implementation.

03 Aug 2026
TL;DR

Mark Zuckerberg says AI work created jobs after 8,000 layoffs

Meta CEO Mark Zuckerberg claims AI is generating jobs, even as the company laid off 8,000 employees this year to fund its $130 billion investment in AI infrastructure.

03 Aug 2026
TL;DR

Raamdeo Agrawal says enterprise AI will transform India's IT industry

Veteran investor Raamdeo Agrawal predicts enterprise AI will disrupt India's IT services industry, forcing firms to adapt their business models for sustained growth.

03 Aug 2026
TL;DR

IndiGo names Willie Walsh CEO as domestic share hits 66%

Willie Walsh, a veteran aviation leader, takes charge as IndiGo's CEO, tasked with navigating global expansion and premiumisation amidst evolving industry challenges.

03 Aug 2026
Infosys

Indian IT firms cut bench strength amid AI push

India's leading IT services companies, including Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, and Tech Mahindra, are witnessing a decline in their average bench strength.

03 Aug 2026
TL;DR

Karnataka Bank launches KBL Finsurance to streamline insurance operations

Karnataka Bank has introduced the KBL Finsurance portal, a digital solution powered by SprintMoney, to streamline insurance lead management and enhance bancassurance operations.

03 Aug 2026
TL;DR

Japanese firms recruit South Korean IT and AI graduates

Japanese companies are increasingly hiring South Korean professionals for IT and AI roles, leveraging their strong language skills and technical expertise.

03 Aug 2026
TL;DR

Bitcoin holds at $62,600 as Ethereum stays flat, investors cautious

Bitcoin traded near $62,600 as weak spot ETF demand and subdued market activity offset whale accumulation, keeping the cryptocurrency market under pressure.

03 Aug 2026
TL;DR

Paytm moves UPI to Axis, YES, HDFC, cuts costs 35%

Paytm has significantly reduced its payment processing charges by transitioning backend operations from Paytm Payments Bank to private-sector banks like Axis and HDFC.

03 Aug 2026
TL;DR

MobiKwik posts ₹7.6cr Q1 FY2027 profit as revenue hits ₹281cr

MobiKwik reported Rs 281 crore in operating revenue and a net profit of Rs 7.6 crore in Q1 FY27, marking a turnaround from a net loss of Rs 42 crore last year.

03 Aug 2026
AstraZeneca

AstraZeneca, BMS discuss $400B pharma mega-deal

British pharmaceutical giant AstraZeneca is said to be in talks with US rival Bristol Myers Squibb (BMS) for a possible merger.

03 Aug 2026
TL;DR

FSSAI cites alcohol firms for breaching flavoring rules on spirits

FSSAI has issued notices to United Spirits Ltd, INBREW Beverages, and others for using added flavours mimicking natural profiles in alcoholic beverages, violating 2018 regulations.

03 Aug 2026
TL;DR

Thangamayil Jewellery stock falls 32% as Q2 FY27 sales weaken

Thangamayil Jewellery shares plunged 32% in a week, driven by weak Q2 FY27 sales and macroeconomic pressures like higher import duty and rupee depreciation.

03 Aug 2026
India

SHANTI Act: Draft rules for nuclear energy expansion under review

India is gearing up to expand its nuclear energy capacity with the SHANTI Act, 2025 (Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India Act).

03 Aug 2026
TL;DR

Ardee Industries opens August 5 IPO to raise ₹425.87 cr

The Rs 425.87 crore Ardee Industries IPO, opening on August 5, has a grey market premium of 13%, indicating positive listing expectations among investors.

03 Aug 2026
Apple

Apple's India iPhone shipments set to fall for first time

Apple is likely to witness its first-ever annual decline in iPhone shipments in India, after years of uninterrupted growth.

03 Aug 2026
Air India

Willie Walsh takes charge as IndiGo CEO

Willie Walsh, the former chief of International Airlines Group (IAG), is taking over as the chief executive officer of IndiGo today.

03 Aug 2026
TL;DR

Dixon Technologies shares slip 4% to ₹13,580 despite strong Q1

Dixon Technologies shares fell 4% despite a 156% YoY profit surge to Rs 718 crore in Q1 FY27, alongside a 25% revenue growth to Rs 16,076 crore.

03 Aug 2026
TL;DR

AI selloff drags China stocks, Alibaba lifts Hong Kong tech

Chinese equities fell as a global AI-linked stock selloff hit semiconductor firms, while Alibaba's shares surged nearly 7% in Hong Kong after unveiling its latest AI model.

03 Aug 2026
TL;DR

Indian startups lose unicorn status for 12 firms amid correction

At least 12 Indian startups, including Byju's and Unacademy, have lost their unicorn status as investors now demand stronger fundamentals and profitability.

03 Aug 2026
Japan

Why Trump stepped in to support Japan's currency

Japan and the United States have intervened in a rare joint operation to prop up the yen.

03 Aug 2026
TL;DR

Uber launches Agentic Pods after nearly exhausting Claude code budget

Uber CTO Praveen Naga, known for triggering a "tokenmaxxing panic," now highlights the transformative impact of redesigning workflows with AI-powered tools across departments.

03 Aug 2026
Indian Economy

India's factory growth falls to 5-year low

India's manufacturing sector has lost some of its steam in July, with factory activity slowing down to its weakest pace in nearly five years.

NSE, Jio Platforms IPOs set to revive India's public markets

The upcoming initial public offerings (IPOs) of the National Stock Exchange (NSE) and Jio Platforms in September are likely to revive India's public markets.

03 Aug 2026
TL;DR

Nearly 70% of Indian firms process invoices manually, study finds

Nearly 70% of Indian businesses still process invoices manually, with bill and accounts payable cited as the top accounting challenge, reveals AI Accountant's 2026 study.

03 Aug 2026
TL;DR

IndiGo to retire Boeing 787-9 Dreamliners by October 25 2026

IndiGo is ending its Dreamliner operations amidst geopolitical challenges and cost pressures, marking a significant reversal of its ambitious widebody expansion plans.

Zee Entertainment shares crash over 10% amid SEBI action

Zee Entertainment Enterprises Ltd. (ZEEL) witnessed a massive drop in its share price on Monday.

03 Aug 2026
TL;DR

India's manufacturing PMI eases to 53.5 lowest since August 2021

India's manufacturing PMI fell to 53.5 in July, its lowest since August 2021, as softer domestic demand slowed new orders and hiring despite stronger export growth.

03 Aug 2026
Europe

RBI likely to keep rates unchanged at upcoming policy meeting

The Reserve Bank of India (RBI) is likely to maintain its interest rates at the upcoming policy meeting, bucking the trend of several global central banks.

03 Aug 2026
TL;DR

Gold gains as dollar weakens, Donald Trump announces Iran talks

Gold prices rose modestly as oil prices dropped over 5% following Trump's decision to delay an Iran attack, while uncertainty in the Middle East kept gains in check.

03 Aug 2026
Iraq

Why OPEC+ is raising oil production again

OPEC+ has approved an increase in oil production quotas by some 188,000 barrels per day (bpd) for September.

03 Aug 2026
India

FSSAI cracks down on select alcohol brands over misleading additives

India's food safety regulator, the Food Safety and Standards Authority of India (FSSAI), has banned select whiskies and rums from United Spirits and Inbrew Beverages.

03 Aug 2026
TL;DR

Fractal Analytics posts ₹912.50 cr revenue, net profit up 97.87%

Fractal Analyti's consolidated net sales rose 19.99% year-on-year to Rs 912.50 crore in June 2026, with net profit surging 97.87% to Rs 74.20 crore.

03 Aug 2026
TL;DR

Infosys posts strong June 2026 quarter, revenue ₹48,211cr, profit ₹7,769cr

Infosys posted consolidated net sales of Rs 48,211 crore in June 2026, marking a 14.03% year-on-year growth, with net profit rising 12.25% to Rs 7,769 crore.

03 Aug 2026
HDFC Bank

HDFC, ICICI raise dollar deposit rates to attract NRI funds

In a bid to draw more dollars amid rising global rates, HDFC Bank and ICICI Bank have revised their Foreign Currency Non-Resident (FCNR) deposit rates.

03 Aug 2026
TL;DR

Google cuts HCLTech outsourcing deal by about $50 million a year

Google has reduced its outsourcing contract with HCLTech by $50 million annually, reflecting vendor consolidation and increased reliance on AI and automation technologies.

03 Aug 2026
TL;DR

India's $250B+ AI and data center push strains power grid

India's $250 billion data centre boom faces delays as power grid infrastructure struggles to meet surging demand, driven by AI and tech investments.

03 Aug 2026
TL;DR

Persistent Systems Q1 FY27 revenue up 29% net rises 13.67%

Persistent Systems reported a 13.7% year-on-year rise in consolidated net profit to ₹483.04 crore for Q1 FY27, with revenue from operations growing 29% to ₹4,303.22 crore.

03 Aug 2026
TL;DR

Indian rupee rises 31 paise to 95.12 against US dollar

The rupee gained 31 paise to 95.12 against the US dollar on Monday, supported by falling global crude oil prices, a softer dollar, and sustained FII inflows.

03 Aug 2026
TL;DR

Propshop Events lists 20% below IPO on NSE SME debut

Propshop Events and Exhibitions shares debuted at a 20% discount to the IPO price of ₹69, opening at ₹55.20 on NSE SME, falling short of market expectations.

03 Aug 2026
TL;DR

Adani Ports July cargo up 15% dry cargo up 21%

Adani Ports reported a 15% year-on-year increase in cargo volumes for July, reaching 46.3 metric tonnes, with growth across all categories, including a 21% rise in dry cargo.

Shiprocket eyes IPO at 30% lower valuation

E-commerce logistics company Shiprocket is expected to launch its initial public offering (IPO) in the next one or two weeks, according to the Economic Times.

03 Aug 2026
Reserve Bank Of India (RBI)

RBI MPC meeting begins today: Will repo rate be hiked?

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is holding a three-day policy meeting starting today.

03 Aug 2026
TL;DR

Bitcoin hovers near $62,828 amid U.S.-Iran tensions and July gains

Bitcoin briefly surged past $63,600 before retreating to $62,828 as ongoing US-Iran geopolitical tensions kept traders cautious in early August trading.

03 Aug 2026
TL;DR

Japan and US stage 1st joint currency intervention since 2011

Japan and the US confirmed their first joint currency market intervention since 2011, aiming to curb yen volatility amid sustained weakness and global economic concerns.

03 Aug 2026
TL;DR

Apple iPhone shipments in India fall in Q2 2026

Apple is poised for its first annual iPhone shipment drop in India, driven by supply shortages and reduced affordability, despite strong consumer demand and record revenue growth.

03 Aug 2026
TL;DR

SEBI bars ZEEL from securities markets and bans promoters

Zee Entertainment shares tumbled over 12%, marking their steepest drop in two years, following SEBI's market ban on the company and its promoters amid regulatory violations.

03 Aug 2026
TL;DR

AI cuts bench strength at TCS, Infosys and Wipro

Indian IT companies are reducing bench strength to 8-10% by FY27, driven by AI-led workforce restructuring and demand-focused hiring for niche skills like cloud and cybersecurity.

03 Aug 2026
Donald Trump

Oil prices decline 5% as Trump pauses Iran strike

Oil prices witnessed a significant drop in Asia trading on Monday, after US President Donald Trump announced he had called off a planned strike on Iran.

03 Aug 2026
TL;DR

Indian government bonds fall after Bloomberg delays global index inclusion

Indian bonds fell two basis points to 6.85% on August 3 after Bloomberg postponed the inclusion of Indian government securities in its bond index, citing recent market changes.

03 Aug 2026
TL;DR

Indian rupee opens stronger at 95.14 per US dollar

The Indian rupee opened 25 paise higher at 95.14/$ on August 3, supported by falling crude oil prices and central bank interventions, signaling improved market sentiment.

03 Aug 2026
TL;DR

Technocraft Ventures launches IPO at ₹200-₹212 subscription Aug 7-11

Technocraft Ventures has set its IPO price band at ₹200-212 per share, with subscriptions open from 7 to 11 August and anchor allocations on 6 August.

03 Aug 2026
TL;DR

Willie Walsh named IndiGo CEO as airline eyes 2027 A350s

Willie Walsh, former IAG chief, assumes leadership of IndiGo, India's largest airline, as it aims to transition into a globally competitive carrier.

03 Aug 2026
TL;DR

Indian markets likely higher after Donald Trump cites Iran talks

Brent crude dropped to $85 per barrel as geopolitical tensions eased, while a 4% decline in crude oil prices supports positive sentiment for Indian markets.

03 Aug 2026
TL;DR

Non-audited taxpayers get ITR extension to August 31, 2026

Taxpayers with business or professional income not requiring an audit must file their income tax returns for AY 2026-27 by August 31, 2026.

03 Aug 2026
TL;DR

Gold barely up to $4,109.90 as silver climbs to $58.415

Gold edged higher to $4,109.90 per ounce on Monday, while silver surged 1.09%, driven by easing West Asia tensions and uncertainty over US Federal Reserve rate decisions.

03 Aug 2026
TL;DR

GIFT Nifty up 116 as investors await RBI, fresh PMI

GIFT Nifty rose 116 points, signaling a positive start for Indian markets. Asian shares traded mixed as easing Middle East tensions improved global sentiment.

03 Aug 2026
TL;DR

EY warns Strait of Hormuz closure could shrink UK economy

EY has cautioned that a prolonged closure of the Strait of Hormuz could shrink the UK economy by 0.2% in 2027, driven by rising inflation and energy costs.

03 Aug 2026
TL;DR

KKR-backed LEAP India sets IPO band at ₹151-₹159 aims ₹2,480cr

LEAP India has set a ₹151-159 price band for its ₹2,480 crore IPO, opening on August 7. The offering includes a ₹480 crore fresh issue and ₹2,000 crore OFS.

03 Aug 2026
TL;DR

Brent and WTI fall after President Trump announces Iran talks

Crude oil prices dropped sharply as US President Donald Trump announced renewed peace talks with Iran, with Brent crude falling below $85 per barrel during early Asian trading.

03 Aug 2026
TL;DR

July oil prices jump 20% amid renewed U.S.-Iran tensions

Oil prices jumped 20% in July, driven by escalating US-Iran tensions and disruptions in key shipping routes like the Strait of Hormuz and the Red Sea.

03 Aug 2026
TL;DR

AgniKul Cosmos plans reusable rocket recovery in early 2027

Chennai-based AgniKul Cosmos is revolutionizing space tech with reusable rockets, targeting early 2027 for Mission 2 to achieve cost-effective, on-demand satellite launches.

03 Aug 2026
TL;DR

Meta cuts Wipro outsourcing by $25 million to $75 million annually

Meta Platforms' AI-driven overhaul has led to a 25% reduction in outsourced IT work from Wipro, slashing $25 million in annual revenue for the Indian IT giant.

03 Aug 2026
TL;DR

Gold rises as President Trump restarts Iran talks, oil falls

Gold prices rose to $4,070 an ounce after US-Iran negotiations raised hopes of reduced tensions, while investors await Federal Reserve policy signals on inflation.

03 Aug 2026
TL;DR

Reserve Bank of India expected to hold rates August 5

The Reserve Bank of India is likely to maintain interest rates unchanged, as resilient domestic growth and stable rupee offset inflation risks and crude oil price uncertainties.

03 Aug 2026
TL;DR

RBI's FCNR(B) ECB and OFCB schemes could bring $100 billion

India's new forex inflow programs, launched by the RBI, have already mobilized $40.81 billion and are projected to exceed initial estimates, potentially reaching $100 billion.

03 Aug 2026
TL;DR

HDFC Bank, ICICI Bank raise NRI dollar rates to 6.25%

HDFC and ICICI Bank have increased FCNR(B) dollar deposit rates to 6.25% amid rising global benchmark rates and competitive pressures in the overseas borrowing market.

03 Aug 2026
TL;DR

India and Canada seek to conclude CEPA by end 2026

India and Canada are progressing towards finalizing the Comprehensive Economic Partnership Agreement (CEPA) by late 2026, with three negotiation rounds completed so far.

03 Aug 2026
TL;DR

Government seeks SEZ Act update to allow rupee payments domestically

The government is preparing to amend the SEZ Act, 2005, removing the foreign exchange earning mandate for service exports from SEZs to domestic tariff areas (DTAs).

02 Aug 2026
Nifty

Markets bounce back strongly after 2-week dip

The Indian stock market witnessed a major rebound this week, with both the BSE Sensex and Nifty 50 witnessing significant gains.

02 Aug 2026
Canada

WestJet cabin crew go on strike, over 300 flights canceled

WestJet, Canada's second-largest airline, has witnessed a strike by its flight attendants.

02 Aug 2026
Flipkart

Bengaluru: You can order food on Flipkart from August 15

Walmart-owned Flipkart is gearing up to launch its food delivery service in Bengaluru, possibly around August 15.

These 6 IPOs will open for subscription next week

India's primary market is set to witness a flurry of activity with six new public issues slated for subscription next week.

02 Aug 2026
ITC Limited

Why India's top cigarette makers are seeing revenue, profit decline

India's top cigarette manufacturers, including ITC, Godfrey Phillips India, and VST Industries, have reported a drop in their net revenue and profitability for the April-June quarter.

02 Aug 2026
Reserve Bank Of India (RBI)

RBI revises deposit interest rules

The Reserve Bank of India (RBI) has announced a major overhaul of the rules governing deposit interest rates.

02 Aug 2026
Income Tax Return

Received tax notice after ITR filing? Here's what to do

The July 31 deadline for filing income tax returns (ITR) has passed, but taxpayers shouldn't think their compliance journey is over.

02 Aug 2026
Iraq

Petroleum exporting countries consider output increase amid supply disruptions

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, are likely to raise their oil production quotas for September.

02 Aug 2026
Andhra Pradesh

Over 1.1cr names deleted from electoral rolls in 10 states

More than 1.12 crore names have been removed from the electoral rolls in 10 states and Union Territories (UTs) under Phase 3 of the Special Intensive Revision (SIR) exercise.

02 Aug 2026
Jaipur

Private equity firms eye India's education sector after healthcare success

Private equity (PE) firms are now targeting India's school education sector, using innovative investment strategies.

02 Aug 2026
Sridhar Vembu

IT industry not creating enough jobs anymore, says Sridhar Vembu

Sridhar Vembu, the founder and Chief Scientist of Zoho, has raised concerns over the impact of artificial intelligence (AI) on job creation in India's technology sector.

This real estate developer wants to raise ₹1,200cr via IPO

Bengaluru-based real estate developer Assetz is gearing up for an initial public offering (IPO) of ₹1,200 crore.

02 Aug 2026
Indian Government

Will India's FDI rule change boost exports of handicrafts?

The Indian government has amended its Foreign Direct Investment (FDI) policy to allow e-commerce firms with foreign stakes to hold inventory for export purposes.

02 Aug 2026
Bajaj Finance

Market cap of India's top 9 firms up ₹2.51L crore

The combined market capitalization of nine out of the top 10 most-valued companies in India surged by a whopping ₹2.51 lakh crore last week.

02 Aug 2026
Delhi

Petrol would cost ₹125/l in Delhi sans ethanol blending: Centre

The Indian government has claimed that petrol prices would have hit ₹125 per liter in Delhi if ethanol blending wasn't used during the recent spike in global crude oil prices.

02 Aug 2026
South Korea

Foreign investors turn net buyers, pour ₹20,200cr into equities

Foreign Portfolio Investors (FPIs) have turned net buyers of Indian equities in July, reversing their previous selling trend.

02 Aug 2026
China

China just made a cross-border payment bypassing SWIFT

China has successfully completed its first outbound digital yuan payment to Malaysia, settling a shipment of fresh durian worth CNY 43,000 ($6,360).

02 Aug 2026
Adam Schiff

Trump launches $100,000 subscription, giving early access to online posts

Donald Trump's media company is offering investors early access to his Truth Social feed for up to $100,000 a month.

02 Aug 2026
Donald Trump

Was Trump Organization involved in money laundering?

Capital One Financial has confirmed that it closed the bank accounts of the Trump Organization after an anti-money laundering (AML) review.

02 Aug 2026
Stock Market

Will Indian stock market extend gains on Monday?

The Indian stock market is expected to continue its upward trend coming Monday, following a nearly 3% gain last week.

01 Aug 2026
Amazon

Amazon plans refunds for eligible customers after $600M tariff payout

Amazon has announced plans to refund a portion of its recent tariff refunds to some customers.

CBI probes ₹1,800cr fraud case against Anil Ambani, Reliance Capital

The Central Bureau of Investigation (CBI) has launched an investigation into a major fraud case against Reliance Capital Limited and its former chairman, Anil D. Ambani.

01 Aug 2026
Zepto

Zepto plans pre-IPO funding round to strengthen balance sheet

Zepto, a leading player in the quick commerce industry, has announced its plan to conduct a pre-IPO private placement.

01 Aug 2026
Bengaluru

Indian start-ups raised $660M in July

Indian start-ups raised around $662 million across 85 deals in July, according to data from Entrackr.

Fresh trouble for Vi: DoT issues ₹26.8cr penalty notice

The Department of Telecommunications (DoT) has slapped a penalty notice on Vodafone Idea for ₹26.83 crore.

01 Aug 2026
Himachal Pradesh

Centre releases additional ₹1.09L crore tax devolution to states

The Indian government has announced an additional tax devolution of ₹1,09,019 crore to state governments on August 1, 2026.

01 Aug 2026
Hyderabad

ZEE shareholders approve ₹3,140cr warrant issue amid SEBI roadblock

ZEE Entertainment Enterprises Ltd. (ZEEL) has received shareholder approval for its proposal to issue 24.95 crore fully convertible warrants at ₹126 each.

01 Aug 2026
Air India

Air India resumes 10 weekly flights between Toronto, New Delhi

Air India has resumed its 10 weekly flights between Toronto and New Delhi. The resumption comes after a temporary reduction in frequencies due to the US-Iran war.

01 Aug 2026
Electric Vehicles

India-Rwanda trade talks: Critical minerals, pharmaceuticals identified as priority sectors

India has expressed its interest in collaborating with Rwanda on critical minerals.

01 Aug 2026
Bhutan

UPI hits record 23.6B transactions in July

India's Unified Payments Interface (UPI) has hit a new record, processing 23.66 billion transactions worth ₹29.88 lakh crore in July 2026.

01 Aug 2026
Adar Poonawalla

Patanjali ventures into insurance market

Baba Ramdev's Patanjali Ayurved is all set to enter the insurance sector. The Insurance Regulatory and Development Authority of India (IRDAI) has approved the company's acquisition of Magma General Insurance.

01 Aug 2026
Amazon

Amazon completes $50B investment in OpenAI

Amazon has finalized its $50 billion investment in OpenAI, the company behind ChatGPT.

01 Aug 2026
India

Union Cabinet approves ₹84,084cr 'Samudra Manthan' scheme: What is it?

The Union Cabinet has approved an allocation of ₹84,084 crore for the 'Samudra Manthan' scheme.

01 Aug 2026
Taiwan

Taiwan's economy surges by around 13% thanks to AI demand

Taiwan's economy has witnessed an unexpected growth surge in the second quarter, largely driven by the skyrocketing demand for artificial intelligence (AI) technology.

01 Aug 2026
GST

India's GST collections hit 14-month high, touch ₹2.1L crore

India's Goods and Services Tax (GST) collections have hit a 14-month high, crossing the ₹2 lakh crore mark for the second time in the current fiscal year.

Your domestic flights in India are about to become costlier

The Indian Oil Corporation Limited (IOCL) has announced a hike in the price of aviation turbine fuel (ATF) supplied to domestic airlines.