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Chinese CEOs in Washington face uncertain state dinner invitations
A group of Chinese business leaders in Washington is uncertain about attending the state dinner for President Xi Jinping, as discussions continue between US and Chinese officials.
SEBI rolls out new settlement framework replacing its 2018 rules
SEBI has revamped its settlement framework, introducing formula-based settlement amounts and a fast-track route for less serious violations, enhancing efficiency and accessibility.
SEBI allows Indian REITs and InvITs to issue depository receipts
SEBI has sanctioned a framework enabling REITs and InvITs to raise capital from international investors via depository receipts, providing access to global financial markets.
Tata Sons reappoints N Chandrasekaran as chairman despite Noel Tata
Tata Sons has dismissed Noel Tata's objections, affirming that N Chandrasekaran's reappointment as chairman is valid, following a majority board resolution and legal advice.
Safran India plans 1,050 hires by next year, expands partnerships
Safran India CEO Jetendra Gavankar confirmed ongoing discussions with the Indian government regarding an advanced fighter jet engine program.
Sterlite Technologies launches Neuralis data center pre-terminated cables 48-6,912 fibers
Sterlite Technologies Limited has introduced a new line of ready-made fibre optic cables, designed for large data centres, featuring capacities from 48 to 6,912 fibres.
ESMA, EU regulators prioritize AI and tokenization supervision from 2027
The European Securities and Markets Authority will prioritize supervising AI and tokenization in finance from 2027, addressing both the benefits and risks of these technologies.
Sarvam AI CEO Pratyush Kumar warns India risks digital colony
Pratyush Kumar, CEO of Sarvam AI, emphasizes building proprietary technology stacks to reduce dependency on global tech monopolies and leverage AI for India's digital independence.
Rupee closes at ₹95.96 as RBI sells dollars to intervene
The Indian rupee weakened by 22 paise to 95.96 per dollar due to increased dollar demand from importers and Brent crude prices rising to $104 a barrel.
TechNet opposes $103,265 H-1B fee proposal from Trump administration
An industry group representing major tech companies is urging the Trump administration to withdraw its proposal for a $103,265 fee on new H-1B visa applications.
RBI prioritizes safety as India's forex reserves reach $781 billion
RBI Deputy Governor Rohit Jain emphasized that safety is the top priority in managing India's foreign exchange reserves, which currently stand at a record $781 billion.
LTTS and Cognite partner to deliver AI and data solutions
L&T Technology Services has teamed up with Cognite to develop AI and data solutions for asset-intensive industries, enhancing industrial operations through digital transformation.
CEA Nageswaran says India must step up manufacturing and services
India must enhance its manufacturing sector, attract foreign investment, and create AI-ready jobs to achieve developed nation status by 2047, according to CEA Nageswaran.
Gold falls 0.60% to $4,245.60 per ounce on Sept. 24
Gold prices have dropped 8.52% from their August peak, falling below $4,250 due to a robust dollar and increasing US bond yields impacting bullion demand.
BlackBerry raises annual revenue forecast after QNX posts strong quarter
BlackBerry has raised its annual revenue forecast, driven by a 27% increase in its QNX division's revenue, primarily due to growth in the automotive sector and new design wins.
SoftBank raises record $11.1B bond sale to invest in OpenAI
SoftBank Group has significantly increased its investments in AI and semiconductor assets, aiming to establish itself as a leading AI platform globally.
SRIT India to launch IPO seeking ₹218cr at ₹123-130 each
SRIT India plans to raise ₹218 crore through an initial public offering, offering 1.68 crore equity shares priced between ₹123-₹130 each on the mainboard.
Ultraviolette raises $85 million, Lip-Bu Tan investor adviser, eyes US 2027
Intel CEO Lip-Bu Tan invests $85 million in Ultraviolette and joins as an adviser, supporting the company's expansion plans, including a US market entry in 2027.
SBI warns customers of 3-day nationwide strike from Sept 28-30
State Bank of India advises customers to finish crucial transactions before the nationwide bank strike from September 28-30, urging use of digital channels and ATMs.
Waaree Energies enters specialty gasses for chips and solar cells
Waaree Clean Energy Solutions Ltd has launched into India's specialty gases sector, aiming to supply ultra-high-purity gases for semiconductor and solar cell manufacturing.
JSW Group presses Volkswagen over $1.4 billion India tax bill
JSW Group is demanding Volkswagen AG cover a $1.4 billion local tax liability as a condition for their partnership, potentially jeopardizing the deal's finalization.
Reliance Industries seeks up to ₹10,000cr 10-year AAA-rated bonds
Reliance Industries Ltd. is set to raise up to Rs 10,000 crore through local-currency bonds, marking its second debt offering this month with a planned 7.90% coupon rate.
Chainalysis: Cross border stablecoin volumes up 77.5% to $220.3 billion
Cross-border stablecoin volumes soared 77.5% to $220.3 billion by June 2026, defying a broader crypto market decline, according to Chainalysis research.
Amazon to invest $3B in India's fast delivery business
Amazon will invest $3 billion in its fast delivery business in India by 2030. The investment will focus on expanding its network of small neighborhood warehouses, improving delivery efficiency.
New study: AI tools raised insurers' health spending nearly $1B
AI technologies have led to nearly $1 billion in additional health spending for Blue Cross insurers by 2025, primarily due to increased billing for secondary conditions.
RBI Deputy Governor Rohit Jain: Technology is core to banking
RBI Deputy Governor Rohit Jain emphasized that technology has become the core risk architecture for banks, urging them to treat technology risk as a primary enterprise concern.
Traders expect 4 US Federal Reserve hikes by June 2027
Traders are pricing in four Federal Reserve rate hikes by June 2027, as bitcoin falls below $83,000 amid rising U.S. Treasury yields and a stronger dollar.
Indian rupee slips 0.2% to 95.9550 as state-run banks intervene
The Indian rupee hit a one-week low due to rising oil prices and inflation concerns, despite dollar sales by government banks mitigating its decline against the dollar.
Supreme Court tells government to fix NCLT backlog of 30,600
India's insolvency tribunal faces significant delays due to 11 vacancies and inadequate infrastructure, with average insolvency processes now exceeding 700 days.
BCG and CII project India's consumer durables market ₹3-3.25L/cr 2030
India's consumer durables sector is projected to grow 8–10% annually, reaching ₹3-3.25 lakh crore by 2030, according to a BCG-CII report.
PhonePe hiring over 20,000 salespeople, deploying 5 million payment devices
PhonePe plans to hire over 20,000 sales professionals and deploy 50 lakh payment devices nationwide within the next year, focusing on expanding its merchant network in rural India.
Motilal Oswal launches Nifty REITs & Realty index fund
Motilal Oswal Mutual Fund has introduced the Motilal Oswal Nifty REITs & Realty Index Fund, an open-ended fund tracking the Nifty REITs & Realty Total Return Index.
HDFC Bank adds 5 digital rupee use cases for payments
HDFC Bank has introduced five Digital Rupee use cases, including credit-card reward redemption and offline payments, enhancing retail and corporate payment solutions in India.
Amazon unveils early Prime Day deals up to 90% off
Discover incredible savings with early October Prime Day deals, featuring up to 90% off on fall essentials like maxi skirts and jackets, starting at just $8.
European stocks slip amid Middle East conflicts and U.S.-China talks
European shares declined as ongoing Middle East tensions affected energy markets, while investors awaited crucial US-China trade talks between Donald Trump and Xi Jinping.
Katzenberg urges Hollywood to embrace AI in new essay
Jeffrey Katzenberg, co-founder of Quibi, posted a 2,394-word essay on X emphasizing the necessity for Hollywood to embrace AI technology to avoid becoming irrelevant.
Sensex tumbles over 1,200 points as crude hits $106
Crude oil prices surged nearly 3% to $106 per barrel, causing the Sensex to plummet over 1,200 points amid inflationary fears and a weakening rupee.
Pine Labs and Google Cloud bring AI to Indian shopping
Pine Labs has partnered with Google Cloud to develop AI-driven commerce technology in India, focusing on product discovery, merchant operations, and payments.
Sensex tumbles over 1,100 points as Nifty falls below 23,100
The Sensex plunged over 1,100 points and the Nifty fell below 23,100 due to rising US bond yields, surging crude oil prices, and renewed Iran-US tensions.
Navitas Solar invests ₹10,000 cr in Gujarat and Maharashtra expansion
Navitas Solar plans to invest 100 billion rupees in Gujarat and Maharashtra, expanding solar ingots, wafers, cells, modules, and battery storage over the next five years.
AI assistants reshape personalized festive shopping and spending in India
This year's festive shopping in India is set for a transformation as AI tools become central, with many shoppers planning to spend over ₹10,000 and favoring premium purchases.
Gagan Biyani launches $42 million Horowitz Andreessen Academy in San Francisco
Gagan Biyani, co-founder of Udemy, has launched the Horowitz Andreessen Academy in San Francisco, featuring guest classes from tech leaders like Satya Nadella and Sam Altman.
US and China extend Busan truce to January 10 2027
The Busan Agreement, a trade truce between the US and China, aims to ease global trade tensions by pausing tariff escalations and addressing key economic issues.
NPCI to add 0.4% MDR on select UPI transactions
The National Payments Corporation of India (NPCI) chief, Dilip Asbe, stated that a 0.4% merchant discount rate on UPI transactions could recover Rs 15,000 crore in its first year.
Apollo Projects backs $1B Praxis AI community near Colonia, Uruguay
Praxis, supported by Apollo Projects linked to OpenAI CEO Sam Altman, is investing $1 billion in a futuristic community in Uruguay, with first residents arriving mid-2027.
HSBC to re-enter India's stock broking business after 13 years
HSBC, the London-headquartered banking giant, is making a comeback in India's stock broking business after 13 years.
Government plans 0.4% plus ₹5 UPI fee above ₹2,000
The Indian government is considering exempting select UPI transactions, such as those at petrol pumps, from merchant discount rate (MDR) charges, following industry demands.
McDonald's introduces Archy AI order taker claiming 90% accuracy
McDonald's AI-enabled drive-thru system, Archy, now takes orders in English and Spanish with 90% accuracy, potentially saving 50 labor hours weekly without reducing staff.
Carnelian Asset Management launches 1st private equity fund targeting ₹2000cr
Carnelian Asset Management is raising a ₹2,000 crore private equity fund focused on mid-market transactions in India, with a first close of ₹1,000 crore already achieved.
Odisha clears ₹1.45L/cr tech projects, hopes over 5,100 jobs
Odisha has approved technology projects worth Rs 1.45 lakh crore, focusing on data centres, AI facilities, and semiconductor manufacturing to boost its digital infrastructure.
Ola Electric shares climb 2.5% as PLI incentives fuel rally
Ola Electric's shares increased by 2.5% after five consecutive days of growth, driven by incentives under the PLI scheme and plans to raise Rs 1,500 crore.
Telangana targets 5GW by 2029 with potential $30B investment
Telangana aims to achieve 5 GW of hyperscale data centre capacity by 2029, attracting around $30 billion in investments across AI and digital infrastructure.
Makoto Sakurai: BOJ rates could hit 2% by June 2027
The Bank of Japan may increase interest rates to 2% by June 2027, driven by inflation pressures from higher fuel costs, a weaker yen, and strong AI-related demand.
Indian stocks slide as Sensex drops 813.20 amid crude, yields
Indian equities fell sharply on Wednesday, with the Sensex dropping 813 points as financial stocks tumbled due to rising crude oil prices and US Treasury yields.
IRDAI wants insurers to show prices without personal details
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed major changes in the way insurance is distributed. The aim is to make the process more transparent, competitive, and customer-friendly.
Chinese AI startup DeepSeek hits $1B runrate, plans $7.45B IPO
Chinese AI start-up DeepSeek's annualised revenue run rate has surged to $1 billion, more than doubling in recent months, highlighting its rapid growth and market impact.
India and Mexico may sign ToR for PTA October 2026
India and Mexico are expected to sign the Terms of Reference for a preferential trade agreement in early October, with representation from India's commerce ministry.
Amazon agrees to proposed $309.5 million settlement in refund lawsuit
Amazon has proposed a $309.5 million settlement fund to resolve a class-action lawsuit over alleged issues with its return and refund policies in Washington state.
IRDAI proposes commission caps for banks and brokers selling insurance
India's insurance regulator, IRDAI, proposes capping distributor commissions to potentially lower policy premiums, aiming to reform the sector and increase insurance penetration.
WhiteOak Capital launches Diversified Equity Small Cap FoF September 28
WhiteOak Capital Mutual Fund has introduced its first fund of funds, the Diversified Equity Small Cap FOF, focusing on small-cap equity mutual funds for diversified exposure.
No personal info? You can still view insurance product details
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed a major change in the way insurance companies display their product information.
Pine Labs announces rollout of 1 million soundboxes with instant alerts
Pine Labs announced plans to deploy 10 lakh soundboxes across India, enhancing its merchant payment infrastructure and supporting the growing digital payments ecosystem.
HDFC Bank stock steady at ₹731.20 ahead of Q2 results
HDFC Bank shares have declined over 26% year-to-date, with investors anticipating the bank's second-quarter results scheduled for release on October 17.
IRDAI proposes rule banning dark patterns hiding insurance prices online
The Insurance Regulatory and Development Authority of India (IRDAI) proposes a rule to prevent insurers from requiring personal details before displaying insurance prices.
Mukesh Ambani-led Reliance to raise ₹10,000cr 10-year bonds at 7.90%
Reliance Industries plans to raise ₹10,000 crore through 10-year rupee-denominated bonds at a 7.90% annual coupon, following a recent ₹12,000 crore five-year bond issuance.
Tata Sons reschedules AGM to vote on N Chandrasekaran's return
Tata Sons aims to hold its AGM within a month, but restrictions on the Sir Ratan Tata Trust could impede achieving the necessary quorum for the meeting.
Bitcoin drops under $84,000 as US yields hit 2007 highs
Bitcoin dropped sharply below $84,000 as rising US Treasury yields and geopolitical tensions weigh on the broader cryptocurrency market.
Clean Max expands renewables for Indian AI and data centers
Clean Max Enviro Energy Solutions has expanded its data and AI-related renewable power capacity from 250 MW to 2,500 MW in two years, driven by hyperscaler investments in India.
Nava in talks for $200 million Greenoaks investment likely valued $750 million
AI data centre startup Nava, founded by ex-OYO executive Abhinav Sinha, is in discussions to secure $200 million from existing investor Greenoaks.
NSE lists on BSE this Thursday, Ashishkumar Chauhan hails milestone
The National Stock Exchange (NSE) shares were listed on the Bombay Stock Exchange (BSE), overcoming years of regulatory and legal challenges.
Bajaj Finance shares fall 5% after capital raise plans disclosed
Shares of Bajaj Finance Ltd. fell 5% after announcing plans to seek shareholder approval for a potential capital raise through various methods.
NAVIQ Technology expected to expand Kerala AI workforce around 5,000
The launch of NAVIQ Technology, a vertical AI company in the travel sector, is set to enhance Kerala's position as an emerging AI hub, according to IBS Group's VK Mathews.
NPCI restores MDR on UPI above ₹2,000 for ₹1,000cr firms
Dilip Asbe, MD and CEO of NPCI, explains the need for reintroducing merchant discount rates (MDR) on select UPI transactions to ensure ecosystem resilience.
Japan 10 year government bond yield hits 3.075% since 1996
Japan's 10-year government bond yield surged to 3.075%, its highest since 1996, as global bond markets face intensified selling pressures and domestic fiscal concerns grow.
India's retail market expected to reach ₹210-215L/cr by 2035
As India's retail market aims for ₹215 lakh crore by 2035, retailers are prioritizing backend technology investments over AI to enhance supply chains and boost sales efficiency.
CBDT simplifies tax withholding for buyers of property from non-residents
The CBDT has simplified TDS compliance for resident individuals and HUFs purchasing property from non-residents by allowing PAN-based reporting, effective October 1, 2026.
OpenAI asks court to dismiss xAI lawsuit over Apple partnership
OpenAI, the company behind ChatGPT, has requested a Texas federal judge to dismiss an antitrust lawsuit filed by Elon Musk's AI start-up, xAI.
China Hong Kong stocks dip amid Trump Xi meeting worries
China and Hong Kong stocks fell as investors doubted significant breakthroughs from the Trump-Xi meeting, despite a two-month trade truce extension.
Sensex falls over 650 points: Factors behind today's market selloff
The Indian stock market witnessed another downturn on Thursday, with the benchmark indices Sensex and Nifty both witnessing sharp declines.
SoftBank raises $11.1B via bonds to fund OpenAI investment
SoftBank Group has raised $11.1 billion through dollar and euro-denominated bonds. The move comes as part of its strategy to generate cash for further investments in artificial intelligence (AI).
NSE shares list at ₹1,800, just 0.8% above IPO price
The National Stock Exchange (NSE) has made its much-anticipated market debut on the Bombay Stock Exchange (BSE).
Banks to remain open Sunday ahead of 3-day nationwide strike
In a bid to minimize disruption in banking services, the Indian government has announced that all public sector banks and Regional Rural Banks will remain open on Sunday.
US, China extend trade truce until January 10
The United States and China have agreed to extend their trade truce until January 10, US Treasury Secretary Scott Bessent announced.
Trump made stock transactions worth up to $270M in July
US President Donald Trump made over 1,000 stock transactions in July alone, according to an analysis by The Guardian.
LG and Samsung facing tariff evasion probe in India
India is investigating South Korean electronics giants LG Electronics and Samsung for allegedly paying lower tariffs on imported display parts for high-end televisions, as per Reuters.
Banks to remain open on Sunday ahead of proposed strike
In a bid to minimize disruption to banking services, all public sector banks and regional rural banks will remain open on Sunday (September 27).
Why SpiceJet is being probed by DGCA
The Directorate General of Civil Aviation (DGCA) is conducting an operational and financial scrutiny of budget carrier SpiceJet.
Insolvency case: Subhash Chandra moves NCLAT against asset freeze order
Zee Group founder Subhash Chandra has challenged an order by the National Company Law Tribunal (NCLT) that barred him from selling or transferring his assets.
India's private sector activity hits 3-month high in September
India's private sector activity witnessed a significant improvement in September, driven mainly by a stronger manufacturing sector.
Domestic air travel saw a 6% dip in August
India's domestic air traffic witnessed a decline of 6.34% month-on-month in August.
Oil prices below $100-a-barrel again: Here we decode why
Oil prices have dropped below the $100-a-barrel mark, with West Texas Intermediate (WTI) crude trading at $90.10 a barrel and Brent crude at $99.09 today.
India's GDP to grow at 6.9% in FY27: Fitch Ratings
Fitch Ratings has revised its forecast for India's GDP growth in FY27, increasing it from 6.4% to 6.9%.
Microsoft's new round of job cuts is here
Microsoft has initiated a fresh round of layoffs, impacting some 500 employees.
Adani Group firms settle SEBI's Hindenburg-linked probe for ₹1.5cr
Five companies of the Adani Group have settled adjudication proceedings with the Securities and Exchange Board of India (SEBI) for a total of ₹1.51 crore.
Commercial LPG cylinders are now cheaper in these areas
The price of a 19kg commercial LPG cylinder has dropped by ₹200-₹600 in some rural parts of Uttar Pradesh.
Your flights in India might become costlier this festive season
The Indian government has decided not to impose any cap on airfares for the upcoming festive season. However, airlines will be advised to keep the prices reasonable.
Modi government looking for job sectors that might be AI-proof
India's Commerce Ministry is looking into sectors that could withstand the impact of artificial intelligence (AI) on employment.
Gold falls 7% from August peak: Good time to buy?
Gold prices have witnessed a significant decline of 7.11% from their August peak of $4,658 per ounce on August 25.
Will new MDR rules affect salary payments via UPI?
The Indian government's recent clarification on the applicability of Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions has left many employers and households wondering.
Maharashtra: Instamart unit, Amazon warehouse lose licenses in FDA crackdown
The Tukaram Mundhe-led Maharashtra Food and Drug Administration (FDA) has suspended the licenses of 10 businesses, including a Swiggy Instamart dark store in Mumbai.
Tesla faces trial over alleged racial discrimination at California factory
Tesla, the electric car company owned by Elon Musk, is facing a major trial in California.
Snapdeal pivots to value fashion as ₹420cr IPO approaches
Snapdeal, once a leading horizontal e-commerce marketplace in India, is gearing up for its public debut with a new strategy.
AMD crosses $1T market cap for first time
Advanced Micro Devices (AMD) has hit a major milestone by crossing a market capitalization of $1 trillion for the first time.
India's first blue bond launches September 28: What is it?
India's first blue bond will be issued on September 28 by Sagarmala Finance Corporation, the country's first maritime lender.
Mark Zuckerberg's net worth up $25B in a day
Mark Zuckerberg saw his net worth jump by a whopping $25 billion in just one day.
Angel One founder buys Mumbai residential tower for ₹711cr
Dinesh Thakkar, the founder and CMD of Angel One, has agreed to buy an entire residential tower at Embassy Developments' ultra-luxury Embassy Terazza project in Juhu, Mumbai.
India's economy to triple in next decade, says JPMorgan CEO
JPMorgan Chase CEO Jamie Dimon has predicted that India's economy will nearly triple in size over the next decade.
Why Indian refiners may ditch Russian crude imports soon
Indian refiners are considering reducing their imports of Russian crude oil.
Apple stock hits record high on iPhone Duo, Siri AI
Apple's stock price closed at a new record high of $338.98 on Monday, surpassing its previous record close of $338.49.
Paramount settles US lawsuit, clearing path for $110B Warner deal
Paramount Skydance has settled a lawsuit filed by California and 11 other US states over its $110 billion acquisition of Warner Bros Discovery.
Xbox to cut hundreds of jobs this week: Report
Xbox is preparing to lay off hundreds of employees this week, The Information reported.
Sachin Tendulkar-backed Spinny files for ₹3,000cr IPO
Spinny, a used-car marketplace backed by cricket legend Sachin Tendulkar, has filed confidential papers with the Securities and Exchange Board of India(SEBI) for an initial public offering (IPO).
US and China discuss AI, investment as Trump-Xi summit nears
Chinese and US officials have concluded their second day of trade talks in New York.
Jamie Dimon backs Chandrasekaran as Tata governance fight deepens
JPMorgan Chase & Co. CEO Jamie Dimon has expressed his support for Tata Sons Chairman Natarajan Chandrasekaran amid the ongoing governance conflict at one of India's oldest conglomerates.
NSE IPO allotment today: How to check status online
The National Stock Exchange of India (NSE) is set to finalize its initial public offering (IPO) allotment today.
India's core sector growth slips to 4.8% in August
India's core sector growth has slowed down to 4.8% year-on-year in August 2026, a decline from the 5% recorded in July.