Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
DP World extends India championship partnership until 2035 after Delhi
DP World has announced the extension of its partnership with the India Championship until 2035, aiming to elevate India's presence in global golf and nurture domestic talent.
Akash Ramdas raises $9 million for discovered materials AI semiconductor startup
Akash Ramdas, an IIT Madras alumnus, co-founded Discovered Materials to accelerate semiconductor materials discovery using AI, securing $9 million in seed funding.
SoftBank in talks to acquire security giant Allied Universal
SoftBank Group is in early-stage talks to acquire Allied Universal, one of the world's largest private-security firms.
Accenture mulls $1.5B sale of its China operations
Accenture, the world's largest publicly traded IT consultancy, is considering a potential $1.5 billion sale of its Chinese operations, Financial Times reported.
India bars sugarcane feedstocks for ethanol from November 2026
India's latest ethanol procurement tender excludes sugar-based feedstocks to protect domestic sugar supplies, focusing instead on maize and C-heavy molasses for petrol blending.
Centre caps margins on cancer drugs, prices to fall 70%
The National Pharmaceutical Pricing Authority (NPPA) has announced a major move to make cancer treatment more affordable in India.
SoftBank in early talks to buy Allied Universal, Bloomberg reports
SoftBank Group is in preliminary discussions to purchase Allied Universal, potentially valuing the security firm at $18 billion, as part of its AI and robotics expansion strategy.
RBI says banks must pay ₹100 daily for delayed refunds
Failed UPI, ATM, or card transactions can qualify for ₹100 per day in compensation if refunds exceed RBI's deadlines. Learn about T+1 and T+5 rules for timely reversals.
Mortgage rates near 7.4% drive seller concessions in US market
As high mortgage rates slow home sales, US sellers increasingly offer mortgage rate buydowns to attract buyers and make homes more affordable.
DLF to launch over ₹58,000cr luxury homes adding 24 million sqft
DLF Ltd, India's largest real estate firm, plans to launch luxury housing projects worth over Rs 58,000 crore in the next two to three years, driven by strong demand.
Pakistan's global financial leadership claim debunked by ex-IMF director
Krishnamurthy V Subramanian, India's former executive director at the International Monetary Fund (IMF), has dismissed Pakistan's claim of returning to global financial leadership as a "historic milestone."
How China's export controls affect India's solar manufacturing efforts
China has proposed export controls on 12 technologies used in the production of solar equipment.
Why Vedanta has invested $600M in South Africa
Vedanta has announced a major expansion of its zinc production capacity in South Africa.
Indian refiners' fuel exports to West up 43% in September
Refineries in India, Turkiye, and Brunei, including the Jamnagar facility owned by Reliance Industries, have witnessed a significant increase in fuel exports to Western countries.
India's top 9 firms add ₹3.65L crore in market cap
The combined market capitalization of nine out of the top 10 most valued companies in India jumped by ₹3.65 lakh crore last week.
How NTPC plans to boost India's nuclear power capacity
State-owned power giant NTPC is gearing up to conduct feasibility studies for proposed nuclear power projects in several Indian states, including Uttar Pradesh.
Upcoming IPOs: Jio Platforms, Paras Healthcare opening on October 21
India's primary market is gearing up for a major week, with two companies looking to raise a combined ₹31,663 crore through initial public offerings (IPOs).
Why Maharashtra FDA suspended licenses of Reliance, Blinkit, Zomato warehouses
The Maharashtra Food and Drug Administration (FDA) has suspended the licenses of five warehouses operated by Reliance Consumer Products, Reliance Retail, Zomato Hyperpure, and Blinkit.
Jio Platforms IPO opens October 21 priced ₹1,065-₹1,119 per share
Brokerages recommend subscribing to Jio Platforms' ₹30,213 crore IPO, citing robust earnings growth and market leadership in digital technology expansion beyond telecom services.
Mumbai restaurants to raise prices 10%-15% during Dussehra and Diwali
Restaurant bills in Mumbai may increase by 10-15% during Diwali and Dussehra due to rising costs in ingredients, cooking fuel, and operational expenses, according to AHAR.
IPO-bound Jio Platforms enters global top 20 patent filers
Jio Platforms has made a major leap in the World Intellectual Property Organization's (WIPO) ranking of international patent filers under the Patent Cooperation Treaty (PCT).
Airtel introduces 3 voice-only prepaid recharges ahead of TRAI deadline
Bharti Airtel has launched three new voice-only prepaid recharge plans, just days before the Telecom Regulatory Authority of India (TRAI) deadline.
Jio IPO to give investors peek into company's standalone business
Jio Platforms is gearing up for its Initial Public Offering (IPO), a move that could significantly boost its market presence.
FSSAI issues notices to Nestle, Hindustan Unilever over misleading claims
The Food Safety and Standards Authority of India (FSSAI) has issued notices to Nestle India and Hindustan Unilever over misleading claims.
Supreme Court dismisses appeals, leaving Yes Bank ₹5,217cr at risk
Yes Bank, backed by Sumitomo Mitsui, estimates a potential Rs 5,217 crore loss due to the Supreme Court's ruling on its AT1 bond write-off.
Foreign investors withdraw ₹52,100cr from Indian equities in October
Foreign Portfolio Investors (FPIs) have pulled out ₹52,100 crore from Indian equities so far this month.
Zen Technologies buys 51.98% of Cogknit Semantics for ₹135.15cr
Zen Technologies is set to acquire a 51.98% stake in Cogknit Semantics Pvt Ltd for ₹135.15 crore, making it a subsidiary and enhancing its defence technology capabilities.
DP World CEO Yuvraj Narayan calls for port concession update
DP World CEO Yuvraj Narayan advocates for joint ventures over time-bound concessions in India's port sector to foster long-term investment and infrastructure development.
FPIs have pulled out 3.12L/cr from Indian equities this year
Foreign investors have withdrawn Rs 3.12 lakh crore from Indian equities in 2026, driven by high crude oil prices and rising US bond yields.
Walmart and large retailers roll out AI pricing amid concern
As AI-assisted pricing tools become more prevalent, U.S. consumers express growing concern over transparency and fairness in how prices are set by major retailers.
Reddit tech employee earned nearly ₹4.7cr while left idle
A tech professional claimed he earned ₹4.7 crore over nearly two years without responsibilities, after a company restructuring left him with no meaningful work.
Nine firms' market value climbs 3.65L/cr led by TCS
The combined market valuation of nine leading firms increased by ₹3.65 lakh crore last week, with TCS experiencing the most significant gains amid a bullish trend in equities.
Jio Platforms IPO will reveal telecom and digital performance, ₹30,188cr
Jio Platforms is set to launch its IPO, providing a standalone view of its telecom metrics, previously part of Reliance Industries' consolidated results.
NTPC explores nuclear plants in Uttar Pradesh for clean energy
NTPC plans to conduct feasibility studies in additional states, including Uttar Pradesh, for nuclear projects as part of its goal to expand non-fossil fuel energy capacity.
Foreign investors pull ₹52,100 cr from Indian equities in October
Foreign portfolio investors have pulled out ₹52,100 crore from Indian equities in October due to elevated crude oil prices and higher US bond yields impacting investor sentiment.
KFC ditches Pepsi after 40 years, partners with Coca-Cola
KFC is making a major change to its beverage lineup.
Trump wants 60-days to analyze impact of Russian sanctions waiver
US President Donald Trump recently announced a temporary suspension of sanctions and tariffs on Russian exports.
Yes Bank's Q2 FY27 profit jumps 65% to ₹1,080cr
Private sector lender Yes Bank has reported a massive 65% year-on-year jump in its standalone net profit for the second quarter of FY27.
Reliance Jio Platforms and Paras Healthcare IPOs open Oct 21
Reliance Jio Platforms' Rs 30,213 crore IPO headlines a week of significant market activity, with nine companies set to list and Paras Healthcare launching a Rs 1,450 crore issue.
ED raids 20 locations in online betting fraud case
The Enforcement Directorate (ED) has raided 20 locations across Mumbai, Pune, Mehsana, Surat and Hyderabad.
Musk agrees to settle lawsuits over controversial $1M voter lottery
Elon Musk has agreed to settle two lawsuits related to his controversial $1 million voter lottery scheme.
Jio Platforms achieves 320-spot leap into WIPO top 20
Jio Platforms has entered the global top 20 for international patent filings, with over 7,220 patents filed, marking a significant shift from traditional telecom operations.
Paras Healthcare launches IPO Oct 21 to 23 raising ₹1,450cr
Paras Healthcare has set a price band of ₹660-₹693 per share for its IPO, opening from October 21-23, aiming to raise a total of ₹1,450 crore.
IMF: AI cuts Asian demand nearly 10% and creates roles
AI is altering labour demand in Asia, with a 10% decline in jobs exposed to AI since ChatGPT's launch, while creating new opportunities requiring advanced AI skills.
Himadri Speciality Chemical posts 31% Q2 net profit to ₹231.32cr
Himadri Speciality Chemical reported a 31% increase in net profit to ₹231.32 crore for the September quarter of FY27, driven by strong revenue growth.
Mumbai court drops NuPower fraud charges against Kochhars and others
A Mumbai sessions court has dismissed fraud proceedings against Deepak Kochhar and others, citing a lack of material evidence and serious lapses in the prosecution's case.
Robot training gigs in China pay up to $900 monthly
In China, freelance workers earn up to $900 monthly by performing repetitive household chores with sensors, aiding in the development of robots for domestic and industrial tasks.
Asia's AI and semiconductor stocks hit by US tech selloff
A selloff in US technology stocks is threatening Asia's AI trade, as rising financing costs jeopardize infrastructure spending and earnings across the region's supply chain.
Axis Bank's Q2 net profit jumps 37.6% to ₹7,003cr
Axis Bank has reported a 37.6% year-on-year rise in net profit for the second quarter of FY27.
Modi government bans sugar diversion for ethanol amid record-high prices
The Indian government has banned the diversion of sugar for ethanol production during the 2026-27 supply year.
India's biggest-ever banking M&A deal involved no investment bankers
Fairfax Financial Holdings's $5.6 billion acquisition of a controlling stake in IDBI Bank is the largest foreign investment in India's banking sector.
Cattle feed used to make Priyagold biscuits, says FSSAI
The Food Safety and Standards Authority of India (FSSAI) has filed legal proceedings against Surya Food & Agro, the manufacturer of Priyagold biscuits.
FSSAI proposes ban on fructose and sucrose in infant food
The Food Safety and Standards Authority of India (FSSAI) has proposed a ban on the addition of fructose and sucrose in food products meant for infants up to six months old.
ICICI Bank's Q2 results: Net profit jumps 20.1% to ₹14,843cr
ICICI Bank has reported a 20.1% year-on-year increase in its standalone net profit for the second quarter of FY27.
IDBI Bank's Q2 profit declines 39% YoY to ₹2,206cr
IDBI Bank has reported a 39.2% year-on-year decline in its net profit for the second quarter of FY27.
Central Bank's Q2 results: Net profit rises 21% to ₹1,469cr
The Central Bank of India has announced a 21% year-on-year increase in its standalone net profit for the second quarter of FY27.
HDFC Bank's Q2 profit up 4.7% to ₹19,510cr
HDFC Bank has reported a 4.7% year-on-year increase in its net profit for the second quarter of FY27.
Apple's smartphone shipments to rise despite overall market decline
Apple is poised to be the only major smartphone maker to increase shipments in 2026, according to a recent investor note by Jeff Pu and Henry Huang from GF Securities.
Apple appoints former Meta executive to lead global litigation
Apple has appointed Scott Tucker, a former Meta executive, as its new Vice President of Global Litigation and Financial Services.
Anthropic offers Blackstone over 10% yield for $60B chip-financing deal
Anthropic, an artificial intelligence (AI) research company, is offering Blackstone a yield of more than 10% to finance a $60 billion chip-financing deal.
This is how AI is affecting Anthropic's workforce
Anthropic, a leading artificial intelligence (AI) company, has released a case study detailing the impact of AI on its workforce.
AI risks could outweigh benefits, need ethical framework: IMF chief
International Monetary Fund (IMF) chief Kristalina Georgieva has warned that the risks posed by artificial intelligence (AI) could outweigh its benefits.
SpaceX sales lead Graham Seamans heads to OpenAI
OpenAI has hired Graham Seamans, a former SpaceX sales lead, to head sales for its cybersecurity business.
Cult.fit gets SEBI nod for IPO plans
Cult.fit, a leading player in the fitness services and active lifestyle sector, has received observations from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO).
Vodafone Idea introduces India's 1st prepaid family plan: Check benefits
Vodafone Idea (Vi) has launched India's first-ever prepaid family plan, allowing users to share data among family members.
Why China's AI stocks are taking a beating
China's artificial intelligence (AI) stocks have taken a major hit, with the country's Nasdaq-style Star50 Index plunging nearly 40% in the current half-year.
California: Ultra-rich spending $1M per day to defeat billionaire tax
Silicon Valley's tech billionaires are pouring massive amounts of money into a campaign against California's proposed wealth tax.
Charles Schwab won't let unauthorized AI agents access client accounts
Charles Schwab is blocking unauthorized artificial intelligence (AI) agents from accessing its clients' accounts.
Reliance urges employees to invest in Jio Platforms' planned IPO
Mukesh Ambani, the billionaire chairman of Reliance Industries Ltd. is leveraging his company's massive workforce to generate interest in the upcoming initial public offering (IPO) of Jio Platforms Ltd.
Centre may hike fuel prices in November
India is likely to increase retail fuel prices in November, a move that could push the country's inflation above the Reserve Bank of India (RBI)'s target range.
Reliance welcomes Starlink, but insists all operators follow Indian laws
Reliance Industries Limited (RIL) has welcomed foreign competition, including Elon Musk's Starlink.
BigBasket, Flipkart among 6 firms penalized by Indian food regulator
The Food Safety and Standards Authority of India (FSSAI) has taken action against six food businesses, including BigBasket and Flipkart.
Rules to regulate airfares have been finalised, Centre tells SC
The Indian government has finalized rules to regulate airfares and will publish them in two weeks, Solicitor General Tushar Mehta told the Supreme Court on Friday.
Jio IPO could make Reliance India's largest conglomerate: Uday Kotak
Jio Platforms' upcoming listing could push Reliance Group past Tata Group to become India's most valuable conglomerate by market capitalization.
India signs ₹2,500cr deal for GSAT-7C military communications satellite
The Indian Ministry of Defence has signed a ₹2,563 crore deal with NewSpace India Limited (NSIL) for the design, development, and manufacture of GSAT-7C.
Ather Energy gets regulatory nod to sell insurance policies
Ather Insurance, a wholly-owned subsidiary of electric two-wheeler manufacturer Ather Energy, has received regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI).
Why Anthropic is being asked to postpone its planned IPO
New York City Comptroller Mark D. Levine has urged Anthropic, an artificial intelligence (AI) lab, to postpone its upcoming US initial public offering (IPO).
Apple, NVIDIA donated $25M each to Trump's White House ballroom
A recent report by The Washington Post has unveiled the major contributors to President Donald Trump's White House ballroom project.
SEBI changes closing auction rules after trader pushback
The Securities and Exchange Board of India (SEBI) has issued a final framework for the Closing Auction Session (CAS).
Maruti Suzuki gets ₹13,000cr tax relief
Maruti Suzuki has received a major tax relief from the Income Tax Appellate Tribunal (ITAT).
Will Jio hike tariffs? Here's what Akash Ambani said
Akash Ambani, the Managing Director of Reliance Jio, has hinted that the telecom giant could increase mobile tariffs in the future.
Centre revises windfall tax on petrol and diesel exports
The Indian government has revised the windfall tax on petrol and diesel exports.
Flipkart FY26 revenue rises 18% to ₹1.46 trillion
Flipkart Group has reported an 18% increase in its revenue from operations for the fiscal year ending March 2026.
Jio plans to shift to 6G through software upgrades
Jio Platforms plans to transition to 6G through software upgrades, not a complete infrastructure overhaul.
Myntra goes from ₹549 crore profit to ₹579 crore loss
Myntra, the fashion e-commerce platform owned by Flipkart, has reported a net loss of ₹579 crore for the fiscal year 2026.
US-India trade deal: Piyush Goyal says 1st tranche finalized
The first phase of a trade agreement between India and the United States has been finalized, Commerce Minister Piyush Goyal announced on Thursday.
How Jio IPO will change stakes of Meta, Google
Jio Platforms, a subsidiary of Reliance Industries, is set to launch India's largest-ever public issue with an initial public offering (IPO) worth over ₹30,000 crore.
TSMC Q3 profit jumps 69% to record $23.6 billion
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, has reported a record third-quarter profit, beating estimates.
'Energy drink' ban could lead to nationwide stock-out: PepsiCo
PepsiCo has warned that a continued ban on the "energy drink" label could lead to a nationwide stock-out of its top-selling products, Sting and others, in two months.
Air India implements cost-saving measures amid $2B losses
Air India has formed a dedicated team to identify cost-saving opportunities across its operations, Reuters reported.
Bonfiglioli IPO opens with 30% GMP: Should you subscribe?
Bonfiglioli Transmissions, a leading player in the mechanical and electromechanical power transmission space, has opened its initial public offering (IPO) for subscription today.
Salary hikes in India to average 9% in FY27: Survey
India's salary growth is expected to remain strong at 9.1% in the fiscal year 2026-27, according to a survey by global professional services firm Aon.
Train passengers buying tickets at counters to get insurance cover
The Supreme Court of India has directed the Indian Railways to provide insurance coverage for counter tickets from October 27.
Tonbo Imaging IPO opens with 71% GMP: Apply or avoid?
Tonbo Imaging India, a leading defense technology company, has opened its Initial Public Offering (IPO) for subscription today.
Own RIL shares? You get separate quota in Jio IPO
Reliance Jio's upcoming initial public offering (IPO) will have a separate category for existing shareholders of its parent company, Reliance Industries Limited (RIL).
AI start-up developing cancer drugs raises $150M in US IPO
Iambic Therapeutics, a clinical-stage cancer drugmaker and tech firm, has raised $150 million in its US initial public offering (IPO).
Jio IPO GMP hits 20% ahead of October 21 launch
The gray market has reacted positively to Jio Platforms' announcement of its initial public offering (IPO) price band and issue size.
IDBI Bank shares fall 6% after nearly ₹53,000cr deal
IDBI Bank's shares plummeted by as much as 6.05% to ₹84.97 on Thursday, after the government approved the sale of a controlling stake in the lender to Canada's Fairfax Financial Holdings.
Apple reaches $5 trillion market cap, 2nd company after NVIDIA
Apple has become the second publicly traded company in history to achieve a market capitalization of over $5 trillion, after NVIDIA, which officially became the world's first $5 trillion company in October last year.
South Korea halts trading as KOSPI plunges 8%
South Korea's benchmark KOSPI index witnessed a massive fall of nearly 8% on Thursday, prompting an automatic trading halt.
OpenAI names former xAI executive head of infrastructure and compute
OpenAI has announced the appointment of Uday Ruddarraju, a former xAI executive, as the new head of its infrastructure and compute businesses.