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Standard Chartered India pivots to wealth management, Saurabh Jain leaving
Standard Chartered India faces multiple senior leadership departures as it reshapes its wealth business and shifts focus from mass-market retail banking.
Swiggy stock up 5.4% after Instamart CEO Jha announced departure
Swiggy's share price rose 5.4% on July 28 following the resignation of Instamart CEO Amitesh Kumar Jha, who stepped down to pursue other opportunities.
BigBasket posts ₹3,073 cr consumer losses after quick commerce shift
BigBasket's consumer-facing business reported a 7.7% revenue rise to Rs 8,223 crore in FY26, while its losses widened by 66% to Rs 3,073 crore during the same period.
UpGrad to acquire Unacademy in ₹1,955cr all-stock deal, CCI cleared
Unacademy investors will gain a board seat on UpGrad as the Rs 1,955-crore all-stock merger nears completion, with regulatory approvals and agreements almost finalized.
Indian brands experiment with AI influencers while remaining cautious
Indian brands are experimenting with AI influencers for scalability and efficiency, but human creators still dominate budgets due to their unmatched credibility and audience trust.
Invesco Mutual Fund launches Sensex and Nifty Bank ETFs
Invesco Mutual Fund has introduced the Invesco India BSE Sensex ETF and Invesco India Nifty Bank ETF, with the NFO open from July 28 to August 11.
Tata Communications and TTBS launch AI platform for India's SMBs
Tata Communications and TTBS have joined forces to launch a unified AI platform, empowering India's 60 million SMBs with accessible enterprise-grade AI solutions.
SpaceX loses $1.2 trillion in market value in post-IPO slump
SpaceX has witnessed a massive decline in its market capitalization, losing over $1.2 trillion since hitting a peak price of $225.64 in June.
Swiggy appoints Nandita Sinha to lead Instamart replacing Amitesh Jha
Swiggy has named former Myntra CEO Nandita Sinha as Instamart's new CEO, effective August 3, while outgoing CEO Amitesh Jha will exit the company.
Kerala jewelers urge duty cuts on gold and silver
The Kerala Gold and Silver Merchants Association urges the Centre to rationalise gold and silver import duties, citing increased smuggling and challenges for legitimate traders.
Ternus pledges Apple entertainment expansion and Cook vows quality
Apple's next CEO, John Ternus, plans to expand the company's success in original TV and film content, building on hits like "CODA" and Emmy-winning series "Ted Lasso."
X Money digital payments service launched in US
Elon Musk's social media platform, X, has launched a new feature called 'X Money.'
SEBI starts closing auction session for F&O from August 3
From August 3, 2026, SEBI introduces new stock market timings and a Closing Auction Session for F&O stocks, altering how closing prices are determined and extending trading hours.
Metalic Technoforge opens at ₹87 on NSE, 13% above ₹77
Metalic Technoforge shares listed at ₹87 on NSE, a 13% premium to the IPO price of ₹77, before trimming gains to trade at ₹83.50 by mid-morning.
TPG backed Fibe launches credit AI radar ahead of IPO
Fibe, backed by TPG, has launched Credit AI Radar (CAIR), an advanced platform to help users manage and improve credit health ahead of its ₹750 crore IPO.
Nikkei slides 4.34% to 2 month low amid AI fears
Japan's Nikkei index dropped over 4% to a two-month low, driven by sharp declines in semiconductor and AI-related stocks following a global technology selloff led by U.S. markets.
L&T wins over ₹15,000cr TenneT offshore framework with Hitachi Energy
Larsen & Toubro (L&T) has clinched an "ultra-mega" order worth over ₹15,000 crore for a 2 GW offshore wind programme in partnership with TenneT and Hitachi Energy.
India sets $0.766/kg PVC import floor to boost local production
India's minimum import price on PVC resin is set to raise domestic prices, benefiting local manufacturers but increasing costs for housing, infrastructure, and small businesses.
Chinese stocks drop as investors question AI hype, tech spending
Chinese stocks hit a one-week low, with the CSI300 dropping 2.3%, as tech and semiconductor shares faced sharp selloffs driven by investor skepticism over AI-driven valuations.
EU $1 billion fine sparks $10 billion lawsuits against Google
Smaller competitors are pursuing up to $10 billion in damages following Google's record $1 billion EU fine under the Digital Markets Act for anti-competitive practices.
Air India to begin 'Easy Connect' Amritsar flights via Delhi
Air India plans to introduce inbound international flights under the Hub and Spoke model, enabling seamless immigration and baggage collection at Amritsar within two months.
India's services PMI falls to 53.1, weakest since early 2022
India's services PMI dropped to 53.1 in July, marking its lowest since February 2022. Rising costs suggest Indians may be spending more but consuming fewer services.
Coal India shares slip over 3% despite 0.7% profit rise
Coal India shares fell over 3% on Tuesday after Q1FY27 results revealed weak operating performance, higher costs, and softer-than-expected realisations.
CBDT announces ITR-BN form for block assessments effective April 1, 2026
The CBDT has introduced the ITR-BN form under the Income-tax Act, 2025, for taxpayers undergoing block assessment after search and seizure operations initiated from April 1, 2026.
EPFO launches Aadhaar login portal to transfer old PF balances
EPFO has introduced a digital platform enabling members to trace and transfer old EPF account balances using Aadhaar authentication, ensuring a seamless and secure process.
Netflix faces lawsuit over executive's firing after team retreat
Kevin Baillie, a former Vice President and Head of Creative at Eyeline Studios, Netflix's visual effects division, has filed a lawsuit against the company.
Cursor launches Cursor Start at ₹649 for Indian developers
AI coding startup Cursor launches ₹649-a-month subscription tailored for India, targeting its booming developer market as it prepares for a $60 billion acquisition by SpaceX.
Tata Sons releases FY26 results and board proposes big dividend
Tata Sons' FY26 Annual Report highlights its commitment to AI, semiconductors, aviation, and advanced manufacturing amid strong financial performance across established businesses.
CXMT Shanghai debut stock surges 500% to $540B, Nifty steadies
Global semiconductor sell-off, driven by China's CXMT debut, pressured markets on Tuesday, while Indian IT stocks outperformed with gains led by TCS and Infosys.
Indian IT index rises 3% as global tech stocks slide
Indian IT index surged 3%, defying a global tech selloff, as chipmakers faced mounting doubts over AI spending returns. Coforge and Mphasis led gains amid investor optimism.
Coforge Q1FY27 profit rises 49.1%, stock jumps over 9%
Coforge shares soared over 9% after the company reported a 49.1% y-o-y rise in consolidated PAT to ₹531.7 crore and a 49.2% revenue growth in Q1FY27.
Zhongji Innolight raises $6.81 billion in Hong Kong IPO
Chinese optical components maker Zhongji Innolight raised $6.81 billion in Hong Kong’s largest equity offering since 2019, marking Asia’s second-biggest IPO of 2026.
Xtranet Technologies IPO allotment expected today after ₹166.80cr 12.24x bids
Xtranet Technologies is set to finalise its Rs 166.80 crore IPO allotment today, with a Grey Market Premium (GMP) indicating modest listing gains of around 6%.
Cadence Design Systems raises 2026 forecasts to $6.34 billion
Cadence Design Systems increased its 2026 revenue and profit forecasts, driven by soaring demand for its AI-powered chip design software used by tech giants like Nvidia and Apple.
Indian 10-year yield slips after easing US and Iran tensions
Indian bond yields opened two basis points lower on July 28, supported by softer Brent crude prices and anticipation of steady interest rates from the US Federal Reserve.
HSBC pulls in $5.5bn NRI deposits under RBI concessional window
HSBC has secured $5.5 billion in non-resident Indian deposits by offering high leverage, outpacing rivals like Standard Chartered and leveraging a special RBI concessional window.
Indo-MIM IPO allotment expected today ahead of July 30 listing
The basis of allotment for the Indo-MIM IPO is expected today, with a strong grey market premium of 39% signaling potential listing gains ahead of its July 30 debut.
MSCI Asia Pacific index falls 3.5% amid semiconductor selloff
Asian stocks tumbled over 10% from their June 22 peak, driven by a deepening selloff in chipmakers amid growing skepticism about the sustainability of the AI-driven rally.
Johnson & Johnson settles talc cancer lawsuits for $5.5B
Johnson & Johnson (J&J) has agreed to a landmark settlement of $5.5 billion, resolving thousands of lawsuits linking its talc products with ovarian cancer.
South Korea's KOSPI crashes 8% as chip stocks tumble
South Korea's KOSPI index plummeted by nearly 8% on Tuesday, triggering a temporary suspension of program trading.
India's markets rebound after Sensex gains 776, Nifty 228
Sensex and Nifty opened flat on July 28, 2026, as easing US-Iran tensions led to a slump in crude oil prices, boosting investor sentiment and strengthening the Indian rupee.
Indian rupee opens at ₹95.76 after best 6 week session
The rupee opened 15 paise higher at 95.76 per dollar, supported by RBI intervention and softer Brent crude prices, boosting investor sentiment amid robust foreign currency inflows.
Satya Nadella says Chinese low-cost AI needs US infrastructure
Satya Nadella addressed Wall Street's concerns over low-cost Chinese AI models, emphasizing that trust in American infrastructure and an open ecosystem ensures US tech dominance.
X begins rolling out X Money to US premium tiers
X Money is a financial service integrated into the X app, offering deposit accounts, peer-to-peer payments, and up to 6% APY for Premium subscribers.
Eighth Central Pay Commission holds Chennai and Puducherry consultations
The 8th Central Pay Commission will hold stakeholder consultations in Chennai on September 7-8 and Puducherry on September 9 to discuss pay revision recommendations.
Gold slips as dollar nears monthly high ahead Fed meeting
Gold prices dipped 0.5% as a stronger dollar pressured bullion, while investors await the Federal Reserve's policy meeting for potential interest rate decisions.
Investors doubt AI spending as global chip stocks tumble
Global semiconductor stocks face sharp declines as AI boom sustainability concerns grow, while rising Chinese competition adds pressure to South Korean and Japanese chipmakers.
US dollar hits 1 month high as traders eye Fed
The U.S. dollar surged to a one-month high as traders assessed lingering chances of a Federal Reserve rate hike, supported by easing inflation concerns from falling oil prices.
South Korea's Kospi plunges 8% as chip firms' shares tumble
South Korea's Kospi plunged 8% as Samsung Electronics and SK Hynix shares tumbled, driven by fears over China's rising competition and AI infrastructure financing risks.
SK Hynix market value drops $470bn as shares fall 38%
SK Hynix's shares plunged 38% from their June peak, erasing $470 billion in market value, as concerns over rising memory costs and leverage-induced volatility unsettle investors.
Mohammad Alhawi: UAE to boost India investments in AI logistics
UAE sovereign wealth funds and companies are set to expand investments in India, focusing on AI, logistics, food security, and infrastructure to strengthen bilateral economic ties.
Brazil takes US to WTO over Trump-era 25% tariffs
Brazil has initiated a WTO dispute against US tariffs, claiming they violate global trade rules and unfairly target Brazilian exports under alleged forced labour concerns.
Johnson & Johnson agrees $5.5 billion talc ovarian cancer settlement
Johnson & Johnson has agreed to a $5.5 billion settlement to resolve nearly 69,000 lawsuits alleging its talc-based products, including baby powder, caused ovarian cancer.
Brent and WTI fall after US pauses strikes on Iran
Oil prices dropped 1% as hopes for a diplomatic resolution between the U.S. and Iran eased concerns over Middle East energy disruptions, despite ongoing geopolitical uncertainties.
Rupee jumps 66 paise to 95.91 after RBI governor's comment
The rupee gained 66 paise to close at 95.91 against the dollar after RBI governor Sanjay Malhotra highlighted its undervaluation and robust foreign currency inflows.
Asian stocks fall sharply as AI deal frenzy spooks investors
Asian equities dropped as concerns over AI spending hit chipmakers. Oil prices extended their decline, with Brent crude experiencing its steepest drop in months.
Home First Finance starts FY27 net profit up 35% ₹160cr
Home First India Finance reported a 35% rise in Q1 FY27 net profit to Rs 160 crore, driven by a 19% increase in total income and robust business growth.
Federal judge Katherine Menendez pauses Minnesota ban on prediction markets
A federal judge granted Kalshi and Polymarket a preliminary injunction against Minnesota's prediction market ban, citing likely preemption by the federal Commodity Exchange Act.
Supreme Court: promoters directors lose insolvency protection in consumer cases
The Supreme Court clarified that the moratorium under the Insolvency and Bankruptcy Code applies only to corporate debtors, not to promoters or directors facing legal proceedings.
DOE ARPA-E awards Thea Energy $20 million for fusion superconducting magnets
Thea Energy received a $20 million ARPA-E grant to manufacture modular high-temperature superconducting magnets for its innovative stellarator-based fusion reactors.
Bank of Baroda files cyber claim after nearly 1TB leak
Bank of Baroda has filed a preliminary claim under its ₹750 crore cyber insurance policy after a suspected data breach exposed nearly 1 TB of customer data on the darknet.
RMZ, Colt Data Centres plan ₹1.77L/cr 1.25GW Visakhapatnam data center
RMZ and Colt Data Centres will invest ₹1.77 lakh crore to establish a 1.25-GW data centre in Visakhapatnam, approved by Andhra Pradesh's SIPC for phased development until 2036.
Antares Nuclear raises $470 million to build SMRs for US military
Antares Nuclear raised $470 million in a Series C round to develop small modular reactors (SMRs) for U.S. military bases, targeting deployment by 2028.
NVIDIA to invest $5B in SSI, co-founded by Ilya Sutskever
Nvidia is making a $5 billion equity investment in Safe Superintelligence, an AI startup co-founded by OpenAI's ex-chief scientist Ilya Sutskever, to enhance computing resources.
SpaceX shares plunge after Starship crash despite Starlink deployment
SpaceX shares hit a record low of $108.66 after the Starship booster failed to land successfully, marking a challenging debut for the company post-IPO.
Air India, Modi government partner to promote Indian tourism globally
The Ministry of Tourism (MoT) has signed a Memorandum of Understanding (MoU) with Air India.
Why HDFC Bank has fined its CEO, CFO ₹1L each
HDFC Bank has imposed a fine of ₹1 lakh each on its Managing Director and CEO Sashidhar Jagdishan, Chief Financial Officer Srinivasan Vaidyanathan, and Group Head-Retail Assets Arvind Vohra.
Why transfer of Ratan Tata's stocks to charity is delayed
The transfer of 3,368 Tata Sons shares owned by the late Ratan Tata to two charitable entities has been delayed.
Indians with ₹100cr+ income touches 5-year high, says Finance Ministry
The number of individuals declaring a gross total income (GTI) of ₹100 crore or more has hit a five-year high in India.
Why specialist deep-tech funds are now spawning in India
India's push for self-reliance in semiconductors, defense, space, and artificial intelligence (AI) is giving rise to a new breed of specialized deep-tech funds.
HCLTech will now cater to small businesses in India
HCL Technologies, India's third-largest IT services company, has launched a dedicated business unit for small and mid-sized companies.
Global IT spending to reach $6.37 trillion in 2026: Gartner
Global IT spending is projected to grow by 14.2% in 2026, reaching $6.37 trillion from $5.58 trillion in 2025, according to a recent report by Gartner.
Centre clears RBI proposal to test ₹10, ₹20 plastic banknotes
The Indian government has approved the Reserve Bank of India's (RBI) proposal to conduct field trials of polymer banknotes in the ₹10 and ₹20 denominations.
Shein swung to $99M loss in Q1. Reason? Donald Trump
Fast-fashion giant Shein, which is headquartered in Singapore but was founded in China, has reported a loss of $99 million in Q1 2026.
Apple negotiating lower prices for iPhone 18 Pro Max display
Apple is negotiating with its display suppliers to lower the prices of OLED panels for the upcoming iPhone 18 Pro Max.
Paytm users can now file ITRs via ClearTax for ₹11
Paytm has teamed up with ClearTax, a tax-filing platform, to provide online income tax return (ITR) filing services via its app.
Tata Sons FY26 profit jumps 22% to ₹31,961cr
Tata Sons has reported a 22% surge in its annual profit for the fiscal year ending March 2026.
How small-ticket loans are driving India's consumption story
India's consumption story is being driven by easy access to credit, with small-ticket consumer loans becoming the preferred financing option for discretionary purchases.
Why China's export curbs threaten $6.5 trillion supply chains
China's recent export restrictions on critical minerals and rare earth elements could endanger an estimated $6.5 trillion worth of annual downstream production outside the country, the International Energy Agency (IEA) has warned.
Deepinder Goyal's Temple doubles valuation to $375M in 5 months
Temple, a wearable tech start-up founded by Deepinder Goyal, the founder of Eternal, has launched an employee stock ownership plan (ESOP) liquidity program.
Why budget smartphones are struggling in India
India's smartphone market witnessed a major slowdown in the April-June quarter, with a 10% year-on-year (YoY) decline.
US appeals court blocks Trump's mail-in voting order
A federal appeals court has blocked President Donald Trump's executive order aimed at tightening mail-in voting rules in 23 states.
Why India's shipping costs are rising despite falling oil prices
Despite a decline in oil prices, India's shipping industry is still facing high freight costs.
Indian government bonds see rally today: What's the reason?
Indian government bonds witnessed a major rally at the start of the week today, recovering from last week's losses.
Can INR strengthen to 95/$ in coming months?
The Indian rupee could appreciate against the US dollar in the coming months, according to Anindya Banerjee, Head of Research-Currency, Commodity, and Interest Rate Derivatives at Kotak Securities.
Bitcoin rebounds above $65,000
Bitcoin (BTC), the world's largest cryptocurrency by market cap, has surged past the $65,000 mark. The price is up by some 1.2% in the last 24 hours.
What's driving the rally in Indian IT stocks today
Leading Indian IT stocks, including Infosys and Tata Consultancy Services (TCS), witnessed a significant surge in their share prices on Monday.
8th Pay Commission to hold meetings with stakeholders in September
The 8th Pay Commission has announced its plan to hold meetings with employee and pensioner bodies, as well as other stakeholders in Chennai and Puducherry.
RBI's latest move may bring $85B in forex inflows
India is poised to witness a major surge in Foreign Currency Non-Resident (Bank) deposits, with projections of inflows between $65-70 billion by the end of the scheme.
RBI's forex measures attract $32B in foreign inflows
The RBI Governor Sanjay Malhotra has revealed that banks have successfully mobilized nearly $32 billion through Foreign Currency Non-Resident Bank (FCNR(B)) deposits.
Why gold and silver prices are rallying today
Gold prices rose on Monday, buoyed by a weaker US dollar and lower Treasury yields.
China's factory profits slow as exports offset weak demand
China's industrial profits saw a 15.1% year-on-year increase in June, data from the National Bureau of Statistics showed on Monday.
India on track to meet ₹50,000cr defense export target
India is on track to achieve its defense export target of ₹50,000 crore by 2030.
Sensex jumps 600 points: What's driving today's rally?
The Indian stock market witnessed recovery today, with the Sensex and Nifty opening sharply higher.
Indo-MIM IPO GMP hits 40% as issue closes today
The initial public offering (IPO) of Indo-MIM Ltd, a manufacturer of precision engineering components, is set to close today.
Chinese chipmaker CXMT jumps 470% in blockbuster market debut
China's memory chipmaker Changxin Technology Group (CXMT) has witnessed an unprecedented surge of 472% in its debut on Shanghai's STAR Market.
Oil prices drop 5% as US, Iran consider halting attacks
Oil prices witnessed a sharp decline on Monday, following a weekend of restraint from both the United States and Iran.
Major win for Amazon: India relaxes FDI-norms for e-commerce firms
In a major policy shift, the Indian government has relaxed its foreign direct investment (FDI) rules.
This European satellite operator now has an Indian subsidiary
European satellite operator, Sateliot, has set its sights on India's booming Internet of Things (IoT) sector.
This Carlyle subsidiary wants to raise ₹4,700cr via IPO
Carlyle Group, a leading private equity firm, is gearing up for a $500 million (approximately ₹4,700 crore) initial public offering (IPO) of its Indian automotive platform, Highway Roop Precision Technologies.
Chinese tech giant fires employee over leaked ₹4.5cr salary package
In a shocking turn of events, Chinese tech giant Tencent has fired an employee after his multi-million yuan salary package was leaked online.
Why Air India is modifying its Boeing 787 aircraft
Air India is modifying some of its Boeing 787 aircraft to fix a potential problem with the door assist handles.
Why CCI is avoiding suo motu cases now
The Competition Commission of India (CCI) has said that it is avoiding suo motu cases unless no one else is willing to come forward.
When is your PF withdrawal tax-free?
The Employees' Provident Fund (EPF) scheme is a retirement savings plan for salaried employees in India.
PNB's net profit to cross ₹20,000cr mark in FY27
Punjab National Bank (PNB) is confident that its net profit will cross the ₹20,000 crore mark in FY27.
India now one of the biggest markets for Swiss watches
India is fast emerging as a key player in the global Swiss watch market, according to the Federation of the Swiss Watch Industry.
Market cap of India's top 9 firms down ₹2.74L crore
The Indian equity market witnessed a rough week, with nine out of the top 10 companies losing their market value. Together they lost ₹2.74 lakh crore.
Individual salespersons should be linked to every insurance policy: IRDAI
Ajay Seth, the chairman of the Insurance Regulatory and Development Authority of India (IRDAI), has proposed an approach to combat mis-selling in the insurance sector.
Nepal urges India to accept biometric ID for cross-border travel
Nepal has formally requested India to accept its biometric National Identity (NID) card as a valid travel document for cross-border trips.
Midcap and smallcap indices fall for 2nd consecutive week
The broader market indices continued their downward trend for the second consecutive week, mirroring the performance of benchmark indices.
Why Prince George won't get a smartphone anytime soon
Prince George, the eldest son of Prince William and Kate Middleton, is set to start his five-year journey at Eton College in September.
Over a dozen IPOs lined up for August
India's primary market is gearing up for a busy August, with over a dozen companies planning initial public offerings (IPOs) that could raise more than ₹25,000 crore.
NTPC to raise ₹12,000cr via NCDs
State-run power giant NTPC has announced its plan to raise up to ₹12,000 crore through the issuance of non-convertible debentures (NCDs).
Musk's tunneling venture could be worth $20B
Elon Musk's tunneling venture, The Boring Company, is said to be in talks for a new funding round that could value it at around $20 billion, according to
Canva founders commit $150M to world's largest cash transfer program
Canva co-founders and billionaire couple Melanie Perkins and Cliff Obrecht have launched the world's largest unconditional cash transfer program in a low-income country.
Court blocks Trump bid to revive $100,000 H-1B visa fee
A US federal appeals court has refused to stay a lower court ruling that struck down the Trump administration's controversial $100,000 fee on new H-1B visas.
Will Indian stock market fall for 6th straight session tomorrow?
The Indian stock market has been on a downward trend for five consecutive sessions.
WhatsApp had more UPI transactions than CRED in June
WhatsApp has surpassed CRED in Unified Payments Interface (UPI) transaction volume for June, according to data from the National Payments Corporation of India (NPCI).