Business News
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HSBC raises Adani Ports target to ₹2,200 maintains buy rating
HSBC raised Adani Ports' price target to ₹2,200, projecting a 21% upside. Improved governance, de-leveraging, and diversified growth drive the bullish outlook for the stock.
NVIDIA ships H200 AI chips to China after US approval
A U.S. official confirmed minimal shipments of Nvidia's advanced H200 AI chips to China, marking a contentious development amid ongoing U.S.-China technology tensions.
Bitcoin hits $64,700 as US inflation cools, Ethereum rises
Bitcoin surged to $64,700 as softer-than-expected US inflation data weakened the dollar, easing concerns over immediate Federal Reserve rate hikes.
Ather Energy shares rise after Hero MotoCorp announced up-to ₹1,000cr
Ather Energy's share price soared 9% to a 52-week high after Hero MotoCorp approved an additional ₹1,000 crore investment in the electric two-wheeler manufacturer.
PSX KSE-100 plunges over 6,000 points amid US Iran tensions
Pakistan’s KSE-100 index dropped over 6,000 points amid panic selling as escalating US-Iran tensions in West Asia fueled fears of regional conflict and economic instability.
Indian government to greenlight India Semiconductor Mission phase 2
The Union Cabinet is expected to soon approve ISM 2.0, aimed at developing India's entire semiconductor value chain over the next decade with expanded incentives and investments.
INR opens 96.12 vs USD despite oil gains, ₹739cr exit
The rupee gained 5 paise to 96.11 against the US dollar on Wednesday, supported by domestic equity markets despite geopolitical tensions and higher crude oil prices.
Indian stocks rally as Sensex hits 77,641.86, Nifty over 24,000
Sensex surged nearly 600 points, boosting investor wealth by ₹4 lakh crore, as broad-based buying defied escalating US-Iran tensions and rising crude oil prices.
Hero MotoCorp's early ₹205cr Ather Energy investment now worth ₹14,000cr
Hero MotoCorp's ₹2,400 crore investment in Ather Energy has surged to a valuation of nearly ₹14,000 crore, marking a 6x return and cementing its role in India's EV revolution.
Kusumgar shares surge 37% as 650cr IPO oversubscribed nearly 129x
Kusumgar shares listed on BSE at Rs 574, marking a robust 37% premium over the IPO price, following an impressive 128.85 times subscription in the primary market.
Blockchain tokenization reshapes trading of gold oil and copper
Cryptocurrency technology enables 24/7 trading of tokenised real-world assets like gold and oil, revolutionising traditional commodity markets.
NVIDIA tightens Asian whitelist to limit AI chips reaching China
Nvidia has implemented a strict "white list" system across Asia, disqualifying over half its buyers to prevent AI chips from reaching China through indirect routes.
Indian markets rally as Sensex jumps and Nifty crosses 24,150
Indian equity markets opened higher on Wednesday, tracking gains in Asian markets and Wall Street. Sensex rose 502 points to 77,557, while Nifty surpassed 24,150.
Indian rupee opens at ₹96.17 as US inflation slows
The rupee appreciated to Rs 96.17 per dollar on July 15, supported by softer US inflation data, while rising Brent crude prices posed concerns for the currency.
US inflation dip boosts Indian stocks, Sensex up 520.41 points
Sensex surged 520 points and Nifty climbed above 24,200 as softer U.S. inflation data and easing tariff threats boosted global market sentiment on Wednesday.
India and UK roll out deal granting 99% duty-free access
Union Minister Piyush Goyal announced the implementation of the India-UK Comprehensive Economic and Trade Agreement, offering zero-duty market access for 99% of India's exports.
Stripe, Advent make $53B bid for PayPal
Payment processing company Stripe and private equity firm Advent International have made a joint proposal to acquire PayPal Holdings Inc.
IGX files IPO, IEX to sell up to 1.671cr shares
Indian Gas Exchange Ltd (IGX) has submitted draft papers to SEBI for an IPO, comprising an offer for sale of up to 16.71 million shares by Indian Energy Exchange Ltd.
South Korea's Kospi jumps 7% as AI memory chips rally
South Korea's Kospi soared 7%, driven by softer US inflation data and optimism in semiconductor stocks, despite ongoing Middle East tensions impacting global risk sentiment.
China's GDP growth slows to 4.3% in Q2 2026
China's economy grew 4.3% in Q2, missing the official target range of 4.5%-5%, marking its weakest performance in over three years amid domestic and external challenges.
Oil at $85 after U.S.-Iran clash over Strait of Hormuz
Oil prices surged past $85 as the US reinstated a naval blockade on Iran, escalating tensions in the Middle East and raising concerns over global energy supply disruptions.
E3 Electric. Ai raises ₹100cr from BluVenture to launch TRION
Bengaluru-based EV startup E3 Electric.Ai has raised ₹100 crore in a Series A round led by BluVenture Holdings to launch its AI-powered electric scooter, E3 TRION, soon.
TP adopts outcome based pricing as companies seek strategic AI
French firm TP sees growing demand for outcome-based contracts, with 7% of its revenue now tied to measurable business results like revenue generation and cost savings.
HCL Technologies shares slip 4.5% to ₹1,166.7 after Q1 results
HCL Technologies shares fell 4.5% to ₹1,166.7 as foreign brokerages reduced price targets, while domestic analysts remained optimistic about a potential upside from current levels.
RBI Governor Malhotra meets bank CEOs on AI, loan rules
Central bank governor Sanjay Malhotra discussed geopolitical complexities, artificial intelligence, and new expected credit loss (ECL) guidelines with bank CEOs on Tuesday.
IBM stock tumbles 25% after missing revenue and earnings targets
Indian IT stocks, including Infosys, Wipro, and TCS, may face volatility after IBM's shares plummeted 25% on Tuesday due to disappointing quarterly results and missed expectations.
Wall Street banks profit from AI tech deals and IPOs
Wall Street banks anticipate a multi-year AI investment surge, driving increased dealmaking, capital raising, and lucrative financing opportunities across markets.
Bank of England Governor Andrew Bailey urges international AI cooperation
Bank of England governor Andrew Bailey urged global collaboration to address rising AI risks, emphasizing no nation, including the US, can tackle cyber threats in isolation.
Nasdaq up as chip stocks rebound and banks report profits
U.S. stocks closed higher as June's cooler inflation data eased rate hike concerns, while strong bank earnings boosted sentiment despite ongoing Middle East tensions.
Krispy Kreme: buy 1 Original Glazed dozen get 2nd $0.89
Krispy Kreme marks its 89th anniversary on July 17 with a special offer: buy a dozen glazed doughnuts at regular price and get another dozen for just 89 cents.
Broadcasters warn new Indian telecom rules could disrupt TV delivery
Broadcasters voice apprehensions over draft rules proposing telecom-style regulation for TV services, including internet-delivered platforms.
Hachette, Elsevier and Cengage sue Google over Gemini book use
Major publishers and author Scott Turow filed a lawsuit against Google, alleging unauthorized use of copyrighted works to train its AI chatbot Gemini, violating copyright laws.
JPMorgan Chase posts record Q2 profit of $21.2B
JPMorgan Chase has reported a record profit for the second quarter of 2026, driven by strong growth in investment banking and trading revenues.
Warren Buffett has stopped donating shares to Gates Foundation
Warren Buffett, the Chairman of Berkshire Hathaway, has excluded the Bill and Melinda Gates Foundation from his annual charitable stock donations.
Why Modi government's ₹10,000cr ATF fund found no takers
In April 2026, a spike in jet fuel prices due to West Asia unrest nearly doubled the single-largest cost component for Indian airlines.
India to track services sector monthly with new index
In a major development, the Ministry of Statistics and Programme Implementation (MoSPI) has launched the Index of Services Production (ISP), India's first-ever monthly tracker for the formal services sector.
China's monthly car exports top 1M for first time
China's monthly car exports have surpassed the one million mark for the first time in June.
Volkswagen may cut 100,000 jobs
Volkswagen is planning to double its workforce reductions to 100,000 jobs, according to an internal message from CEO Oliver Blume.
Online gaming firms move SC to review 28% GST ruling
A group of online gaming companies has petitioned the Supreme Court, seeking a review of its May 27 judgment.
After SK Hynix, Samsung Electronics may get listed in US
Samsung Electronics is reportedly in the early stages of considering a possible sale of American depositary receipts (ADRs).
Will SpiceJet lose 4 Boeing 737 MAX aircraft?
China's Industrial and Commercial Bank of China (ICBC) has moved India's Directorate General of Civil Aviation (DGCA) for the deregistration and repossession of four Boeing 737 MAX aircraft leased to SpiceJet.
SBI has raised $200M via selling bonds
State Bank of India (SBI) has successfully raised another $200 million by tapping an existing bond issue due in July 2029.
Why Google is facing a competition probe in Switzerland
Switzerland's Competition Commission (COMCO) has launched a preliminary investigation into Google.
Tata holds India's top brand spot for 18th consecutive year
Tata Group has retained its position as India's most valuable brand for the 18th consecutive year.
Sensex falls over 600 points: Key factors behind today's decline
The Indian stock market witnessed a downturn today, with the benchmark Sensex falling over 600 points to an intraday low of 77,001.
Byju Raveendran's Singapore jail sentence upheld
The High Court of Singapore has rejected an appeal by Byju Raveendran, the founder of failed education start-up BYJU'S.
India's imports from China hit record high in H1 2026
India's imports from China surged by 21.8% in the first half of 2026, touching an all-time high of $79.41 billion, data from China's General Administration of Customs showed.
Not ₹1,160cr but ₹5.6L: Government body disputes rice-ethanol 'scam' scale
The Food Corporation of India (FCI) has dismissed allegations of a massive diversion of subsidized rice for ethanol production in Madhya Pradesh.
DeepSeek's Liang Wenfeng is now world's richest AI business founder
DeepSeek founder Liang Wenfeng has emerged as the world's richest artificial intelligence (AI) founder, according to the Bloomberg Billionaires Index.
Why India's competition watchdog fined laptop maker HP ₹14.3cr
The Competition Commission of India (CCI) has slapped a hefty fine of ₹14.28 crore on HP India and 16 of its resellers for colluding in the sale and supply of print hardware consumables.
Did JPMorgan boss had ties to Jeffrey Epstein?
Elizabeth Warren, a prominent Democratic senator and the ranking member of the US Senate Banking Committee, has written to Jamie Dimon, Chairman and CEO of JPMorgan Chase.
Why Paramount is being sued by 12 US states
A coalition of 12 US states led by California has filed a lawsuit against Paramount's proposed $110 billion acquisition of Warner Bros. Discovery (WBD).
IDBI Bank shares rise 3% today: Here we decode why
IDBI Bank's shares witnessed a spike of over 3% in early trade today, following reports of the government's approval for the lender's strategic disinvestment.
How NVIDIA will stop its AI chips from reaching China
NVIDIA has cut its list of approved AI chip customers in Asia by more than half, The Financial Times reported.
China's June oil imports touch decade low: What's the reason?
China's crude oil imports have plummeted by a staggering 41.3% in June, hitting their lowest level in nearly a decade.
Zepto launches 'Select' to take on Blinkit Gourmet, FirstClub
Zepto, a leading player in the quick-commerce space, is set to launch a new premium grocery service called 'Select,' as per a Moneycontrol report.
India's wholesale inflation rises to 9.87% in June
India's wholesale inflation rate increased to 9.87% in June, up from May's 9.68%.
Indian rupee hits 2-month low, breaches 96 per dollar
The Indian rupee has breached the psychologically significant level of 96 against the US dollar, a first since May 2026.
China's exports soar 27%, fastest since October 2021
China's trade growth in June was much stronger than expected, with exports rising by 27% year-on-year.
Oil prices surge as Trump announces shipping fees in Hormuz
Oil prices surged by over 2% on Tuesday, following US President Donald Trump's announcement of plans to impose shipping fees in the Strait of Hormuz and reinstate a blockade on Iranian ports.
Jio Platforms gets new CEO ahead of $4B IPO
Jio Platforms has appointed Pankaj Pawar as its new Chief Executive Officer (CEO), replacing Kiran Thomas.
Why Asian Paints has hiked prices in India by 12%
Asian Paints, India's largest paint manufacturer, has announced a price hike of around 12%.
HCL Tech's Q1 profit jumps 20% YoY to ₹4,624cr
HCL Technologies has reported a 20% year-on-year rise in its consolidated net profit for the June quarter.
Indian exporters receive over $1B in tariff refunds from US
Indian exporters have started receiving refunds of duties paid during Donald Trump's presidency, with over $1 billion already reimbursed.
Volkswagen is planning to cut another 50,000 jobs globally
Volkswagen's CEO Oliver Blume has hinted at the possibility of an additional 50,000 job cuts.
CBI files chargesheet in Anil Ambani RCom loan fraud case
The Central Bureau of Investigation (CBI) has filed a chargesheet in the alleged banking fraud case involving Anil Ambani, Reliance Communications (RCom) and other related entities.
Piyush Goyal dismisses report of deadlock in India-US trade talks
Commerce and Industry Minister Piyush Goyal has rejected reports suggesting a deadlock in the ongoing India-US trade talks.
Spanish firm Submer to invest $2B in MP's semiconductor sector
Spain's Submer Group has announced a massive investment of $2 billion (approximately ₹19,000 crore) in Madhya Pradesh's semiconductor industry.
India's retail inflation breaches RBI target, spikes to 4.38%
India's retail inflation surged to 4.38% in June, breaching the Reserve Bank of India's (RBI) medium-term target of 4%.
India's trade deficit widens to $30.4B in June
India's merchandise trade deficit widened to $30.43 billion in June, up from $28.21 billion in May.
Will Paramount move out of California?
Paramount is reportedly contemplating a move from California, as the state prepares to sue over its proposed $111 billion acquisition of Warner Bros. Discovery.
You can soon fly non-stop from India to New Zealand
Air India and Air New Zealand are in talks to form a joint venture for non-stop flights between the two countries.
India to export defense equipment worth ₹50,000cr by FY29: Report
India's defense exports are likely to touch ₹50,000 crore by the end of financial year 2028-29 (FY29), a report by Kotak Institutional Equities has said.
Jeff Bezos's ex-wife donates $20M to mental health non-profit
MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, has made a historic donation of $20 million to Active Minds.
'VISHWAS': EPFO introduces one-time dispute settlement scheme for employers
The Employees' Provident Fund Organisation (EPFO) has launched the VISHWAS, 2026 scheme.
HDFC Bank trimmed workforce by over 3,300 in FY26
HDFC Bank has reduced its workforce in the last financial year as part of a larger shift toward technology and automation.
TSMC posts record Q2 revenue as AI chip demand surges
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, has reported a record high revenue for the second quarter of this year.
Jet Airways suspended operations in 2019. Now, it's auctioning assets
Jet Airways, once India's largest private airline, is set to auction its remaining assets.
47% gains in 4 days: What's driving Kalyan Jewellers shares?
Kalyan Jewellers' shares continued their upward trajectory on Monday, rising another 10% to ₹522 on the NSE. The stock has gained 47% over the last four trading sessions.
South Korea announces record $530B budget, driven by AI boom
South Korea has announced a record-breaking budget of over 800 trillion won ($530.97 billion) for the fiscal year 2027.
NSE's latest index lets you invest in companies following ahimsa
NSE Indices Limited, the index services subsidiary of the National Stock Exchange (NSE), has launched the Nifty500 Ahimsa Index.
India's inflation likely to cross 4% mark
India's consumer price index (CPI) inflation is expected to breach the crucial 4% mark for the first time in 16 months.
Why TCS shares are soaring today
Tata Consultancy Services (TCS) has witnessed a massive surge in its shares today, rising by over 5% to 2,181.5 at the time of writing.
India-UK trade deal begins on July 15: What's getting cheaper?
India and the United Kingdom have signed a Comprehensive Economic and Trade Agreement (CETA), which will come into effect from July 15.