Business News
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Tata Starbucks reaches 500 stores across 80 cities, plans expansion
Starbucks India, in partnership with Tata Consumer Products, is resuming aggressive store expansion after recalibrating its business model during a two-year slowdown.
Why Cochin airport has accused SpiceJet of spreading misinformation
Cochin International Airport Limited (CIAL) has accused SpiceJet of spreading misinformation over flight disruptions at the airport.
Donald Trump made securities trades worth $263M in June
US President Donald Trump made over 1,000 securities trades in June alone.
A91 Partners cashes out nearly ₹445cr from Atomberg, retains 21.02%
A91 Partners is poised to realise ₹445 crore from its stake in Atomberg Technologies, leveraging secondary share sales ahead of the company’s planned IPO.
EPFO warns withdrawing PF before 10 years may forfeit pension
EPFO urges members to complete 10 years of eligible service, cautioning against premature PF withdrawals that may disrupt pension benefits and impact retirement financial security.
Levi's doubles down on India with women's non-denim, ₹2,223.4cr revenue
Levi Strauss & Co. is diversifying in India, focusing on women’s apparel, non-denim, and premium products as key growth drivers in one of its top global markets.
NVIDIA hikes AI server prices 15% plus for early-next-year shipments
Nvidia has reportedly informed major customers, including Microsoft and Google, about a 15% price hike on AI servers, citing rising memory chip costs and surging demand.
Indian government to pool fabless chip orders for foundry deals
The Indian government aims to pool orders from fabless semiconductor firms, enhancing their bargaining power with global foundries, says MeitY secretary S. Krishnan.
China's offshore wealth crackdown trims top 25 luxury sales
China's luxury market faces a sharp decline as a tax crackdown on offshore wealth curbs spending by affluent consumers, with major brands reporting double-digit sales drops.
Anthropic expected to cite public AI backlash as IPO risk
Anthropic is reportedly acknowledging public concerns about AI in its upcoming IPO prospectus, highlighting protests and political opposition as key risk factors for investors.
SoftBank to sell 2.6% stake in Lenskart for $300M: Report
SoftBank Vision Fund II Lightbulb Cayman is planning to sell up to a 2.6% stake in Lenskart, people familiar with the matter told CNBC-TV18.
Modi government clears LPG pipeline expansion project worth ₹7,000cr
India's oil regulator has approved the construction of nearly 1,800km of new Liquefied Petroleum Gas (LPG) pipelines.
AGM delay effect: Tata Trusts is losing ₹55.6L per day
A complaint has been filed with the Maharashtra Charity Commissioner against the trustees of Sir Ratan Tata Trust (SRTT).
Y Combinator to sell 1% stake in Meesho for ₹957cr
Y Combinator is planning to divest up to 1.05% of its stake in Meesho. The move could fetch the company a whopping ₹957.5 crore.
Why India's private credit funds are turning to AI
India's private credit funds are increasingly adopting artificial intelligence (AI) into their operations, a recent EY report has shown.
Apple may expand India operations beyond iPhones: Ashwini Vaishnaw
Apple may expand its manufacturing operations in India beyond iPhones, Union Electronics and IT Minister Ashwini Vaishnaw said.
Centre removes 12-minute/hour cap on TV ads
The Indian government has scrapped the 12-minute-per-hour cap on television advertisements.
Apple's iPhone shipments expected to fall 2.1% in 2026
Apple is likely to witness a decline in its smartphone shipments by some 2.1% in 2026, according to a report by Counterpoint Research.
SEBI proposes new initiative for retail participation in corporate bonds
The Securities and Exchange Board of India (SEBI) has proposed a new initiative to expand retail participation in corporate bonds and other fixed income securities.
India's mutual fund association announces initiatives to boost investor participation
The Association of Mutual Funds in India (AMFI) has announced five key initiatives to deepen mutual fund participation and strengthen investor awareness across the country.
Vast cuts 46 jobs despite $500M funding, space station plans
California-based space station start-up Vast has laid off 46 employees, or about 4% of its workforce, according to Business Insider.
Why Uber is facing $966M fine in the Netherlands
Uber has been slapped with a fine of €825 million ($966 million) by the Dutch Data Protection Authority.
Harry Potter, Hello Kitty merchandise now available on Swiggy Instamart
Swiggy Instamart has teamed up with global lifestyle retailer MINISO to offer a range of over 90 products in key metro cities.
India to have homegrown smartphone brand by mid-2027: Ashwini Vaishnaw
India is all set to witness the emergence of a competitive homegrown mobile phone brand by mid-2027, Electronics and IT Minister Ashwini Vaishnaw announced.
NVIDIA partners with Cloverleaf to invest in AI data centers
NVIDIA has announced a partnership with Cloverleaf Infrastructure, a company specializing in the development of data centers.
US imposes 50% tariff on Canadian goods as talks fail
The United States has imposed a 50% tariff on billions of dollars worth of Canadian goods after last-minute trade talks between the two nations collapsed.
TikTok agrees to $400M settlement over child privacy lawsuit
TikTok and its parent company ByteDance have agreed to a $400 million settlement with the US Department of Justice (DOJ).
Apple cuts 200+ jobs across Siri and Vision Pro divisions
Apple has cut more than 200 positions from its Siri and Vision Pro teams, according to Bloomberg.
India, Brazil sign telecom MoU to boost digital cooperation
India and Brazil have signed a memorandum of understanding (MoU) to strengthen their cooperation in telecommunications and information and communications technologies (ICT).
NVIDIA denies reports of China-specific AI chip launch this year
NVIDIA has denied a recent report by The Information that claimed the company was planning to ship a language processing unit (LPU) specifically designed for Chinese customers by the end of this year.
India's FY27 growth may beat RBI's 6.7% forecast
India's economic growth could exceed the Reserve Bank of India's (RBI) projection of 6.7% for the current fiscal year, RBI Deputy Governor Poonam Gupta has said.
Hyundai's union stages 1st full strike in a decade
Hyundai Motor's South Korean union has staged its first full strike in a decade. The move comes after wage talks between the two sides stalled.
India plans $1.2B incentive scheme to boost local machinery production
India is on the verge of approving a $1.2-billion incentive scheme to promote domestic production of high-value, technologically advanced construction and infrastructure equipment, according to Reuters.
Ex-Google engineer's conviction of stealing AI secrets partly overturned
A US federal judge has overturned part of the conviction of Linwei Ding, a former Google engineer accused of stealing artificial intelligence (AI) trade secrets from the tech giant.
Flipkart's leadership churn deepens as 2 VPs quit
E-commerce giant Flipkart is witnessing a major leadership shake-up with the exit of two senior executives.
Atomberg files IPO papers for ₹450cr fresh issue
Mumbai-based consumer appliances manufacturer Atomberg Technologies has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
Abbott agrees to $670M settlement over infant formula lawsuits
Abbott Laboratories has agreed to a $670 million settlement to partially resolve ongoing litigation over its specialty formulas for preterm infants.
Citigroup to join Anthropic's IPO advisory team
Anthropic, a leading player in the artificial intelligence space, is adding Citigroup Inc. to its list of banks for its initial public offering (IPO), according to Bloomberg.
Amazon fined ₹1L for selling sweets as Ram Mandir prasad
The Central Consumer Protection Authority (CCPA) has slapped a fine of ₹1 lakh on Amazon Seller Services.
Augmont Enterprises IPO opens with 38% GMP: Apply or avoid?
Jewelry and bullion platform Augmont Enterprises has opened its initial public offering (IPO) for subscription today. The three-day bidding window will remain open till August 25.
Apple lays off over 60 employees from Vision team
Apple has laid off more than 60 employees from its Vision team, according to AppleInsider.
Bitcoin jumps past $75,500 to hit 6-month high
Bitcoin has crossed the $75,500 mark for the first time since early February 2026.
India's private sector activity recovers slightly in August
India's private sector activity saw a slight recovery in August, according to the latest data from S&P Global.
OpenAI regains ground against Anthropic in business sector
OpenAI, the artificial intelligence (AI) powerhouse behind ChatGPT, is closing the gap with its competitor Anthropic in the US business sector.
Gold up 11% in August: What's driving the latest rally?
Gold prices are set to witness their third consecutive weekly gain after the US Treasury's unexpected increase in buybacks of long-dated government debt.
Technocrats Plasma Systems IPO lists at 74% premium
Technocrats Plasma Systems Ltd. made a stellar debut on the stock market today, with its shares opening at ₹230 per share on BSE.
Anthropic aims to break SpaceX's record IPO
Anthropic, the artificial intelligence (AI) company behind Claude, is gearing up for a potential initial public offering (IPO).