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SK Hynix reaches $1 trillion market value on AI demand
Once a debt-laden chipmaker, SK Hynix leveraged early investments in high-bandwidth memory (HBM) to dominate the AI-driven memory-chip market, achieving a $1 trillion valuation.
Why India's top cigarette makers are seeing revenue, profit decline
India's top cigarette manufacturers, including ITC, Godfrey Phillips India, and VST Industries, have reported a drop in their net revenue and profitability for the April-June quarter.
Sangeet Kumar says Addverb aims global leadership in physical AI
Addverb CEO Sangeet Kumar highlights India's potential in the global physical AI race, as the company advances from warehouse automation to next-gen robotics like humanoids.
EY rolled out AI router trimming token-based AI fees
EY's innovative AI router has cut token usage by 60%, addressing the growing financial strain businesses face with token-based pricing models for artificial intelligence.
RBI revises deposit interest rules
The Reserve Bank of India (RBI) has announced a major overhaul of the rules governing deposit interest rates.
Received tax notice after ITR filing? Here's what to do
The July 31 deadline for filing income tax returns (ITR) has passed, but taxpayers shouldn't think their compliance journey is over.
Petroleum exporting countries consider output increase amid supply disruptions
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, are likely to raise their oil production quotas for September.
Global FMCG giants ramp up India investments after June quarter
Global FMCG leaders are amplifying investments in India, driven by robust consumer demand, expanding retail networks, and rising market shares across diverse categories.
Over 1.1cr names deleted from electoral rolls in 10 states
More than 1.12 crore names have been removed from the electoral rolls in 10 states and Union Territories (UTs) under Phase 3 of the Special Intensive Revision (SIR) exercise.
Private equity firms eye India's education sector after healthcare success
Private equity (PE) firms are now targeting India's school education sector, using innovative investment strategies.
Walmart-backed Flipkart to launch Bengaluru food-delivery with 10% restaurant commission
Flipkart is set to debut its food delivery service in Bengaluru around August 15, offering a competitive 10% commission rate to attract restaurant partners and disrupt the market.
WestJet flight attendants strike after talks collapse, 309 flights canceled
WestJet flight attendants began a strike Sunday after failed contract negotiations, disrupting summer travel and highlighting demands for improved compensation structures.
UMG to debut artists' new tracks on India paid tiers
Universal Music Group is implementing a 72-hour paywall for new releases in India, replicating its successful strategy from China to foster premium subscriptions and market growth.
IT industry not creating enough jobs anymore, says Sridhar Vembu
Sridhar Vembu, the founder and Chief Scientist of Zoho, has raised concerns over the impact of artificial intelligence (AI) on job creation in India's technology sector.
This real estate developer wants to raise ₹1,200cr via IPO
Bengaluru-based real estate developer Assetz is gearing up for an initial public offering (IPO) of ₹1,200 crore.
Will India's FDI rule change boost exports of handicrafts?
The Indian government has amended its Foreign Direct Investment (FDI) policy to allow e-commerce firms with foreign stakes to hold inventory for export purposes.
Market cap of India's top 9 firms up ₹2.51L crore
The combined market capitalization of nine out of the top 10 most-valued companies in India surged by a whopping ₹2.51 lakh crore last week.
Petrol would cost ₹125/l in Delhi sans ethanol blending: Centre
The Indian government has claimed that petrol prices would have hit ₹125 per liter in Delhi if ethanol blending wasn't used during the recent spike in global crude oil prices.
IndiGo launches 1st cargo flight from Navi Mumbai to Sharjah
IndiGo launched freighter services at Navi Mumbai airport with an Airbus A321 flight to Sharjah, marking a strategic move to tap into high-demand cargo routes in West Asia.
Zoho's Sridhar Vembu warns AI threatens India's IT job creation
Zoho’s Sridhar Vembu warns that rising investments in AI and data centers are limiting job creation in India’s IT sector, posing challenges for the country’s youth workforce.
India to let companies trade carbon credits by late 2026
India's compliance carbon market is set to launch in late 2026, prompting companies to explore carbon credits as a key tool alongside operational changes to meet net-zero targets.
Foreign investors turn net buyers, pour ₹20,200cr into equities
Foreign Portfolio Investors (FPIs) have turned net buyers of Indian equities in July, reversing their previous selling trend.
China just made a cross-border payment bypassing SWIFT
China has successfully completed its first outbound digital yuan payment to Malaysia, settling a shipment of fresh durian worth CNY 43,000 ($6,360).
Indian markets see 9 of top 10 firms boost ₹2.51L/cr
Nine of the top-10 most-valued firms added ₹2.51 lakh crore last week, with Bajaj Finance leading the pack after an 8% surge in shares post strong Q1 FY27 earnings.
IIM Kozhikode launches 20-week executive program in AI product innovation
IIM Kozhikode introduces a 20-week executive program on AI-driven product management, offering hands-on learning with 20+ tools and insights into creating AI-powered products.
India creates 12 semiconductor manufacturing units under Semicon India $20bn
India now boasts 12 semiconductor units with $20 billion investment, as three facilities begin chip production under the Semicon India programme launched in 2022.
Sterlite Technologies posts record profit, secures ₹960 cr fiber deal
Sterlite Technologies (STL) has signed a ₹960 crore multi-year agreement with a domestic telecom operator to supply optical fibre cables, scheduled for execution in FY28 and FY29.
FPIs invest ₹20,200cr in Indian equities marking July turnaround
Foreign portfolio investors (FPIs) ended a four-month selling streak by investing Rs 20,200 crore in Indian equities, driven by improved valuations and earnings recovery.
Trump launches $100,000 subscription, giving early access to online posts
Donald Trump's media company is offering investors early access to his Truth Social feed for up to $100,000 a month.
Was Trump Organization involved in money laundering?
Capital One Financial has confirmed that it closed the bank accounts of the Trump Organization after an anti-money laundering (AML) review.
Hyperscalers push India data centers to 3-3.6 GW by 2030
India's data centre capacity is projected to reach 3-3.6 GW by 2030, driven primarily by hyperscalers and AI-focused cloud players, according to an Axis Capital report.
Will Indian stock market extend gains on Monday?
The Indian stock market is expected to continue its upward trend coming Monday, following a nearly 3% gain last week.
AI demand fuels global 'RAMaggedon' memory chip shortage, Samsung predicts
Soaring demand for advanced memory chips driven by AI is causing a global shortage, significantly raising prices for electronics and potentially impacting vehicles through 2028.
OPEC and allies plan 188,000 bpd increase from September 2026
OPEC+ is expected to raise oil production quotas for September, as ongoing Middle East conflicts and infrastructure challenges continue to disrupt global energy supplies.
Amazon shutters AGI lab to focus on frontier model initiative
Amazon is consolidating its AI efforts, shutting down its AGI Lab and reallocating resources to a streamlined frontier-model initiative led by renowned roboticist Pieter Abbeel.
RBI to standardize deposit interest rates from Oct 1 2026
Starting October 1, the Reserve Bank of India mandates uniform deposit rates across branches and tighter disclosure norms, enhancing transparency for fixed deposit investors.
Donald Trump unveils Truth Social API charging up to $100,000/month
Former President Donald Trump’s TruthSocial platform now offers a $100,000 monthly subscription for early access to his posts, sparking concerns over market manipulation.
NTT Data Payment Services India targets merchant financing, cross-border payments
NTT Data Payment Services India aims to grow into merchant financing and cross-border payments, leveraging India's advanced digital payment infrastructure.
Capital One links 300 Trump Organization accounts to AML review
Capital One revealed it closed over 300 Trump Organization accounts in 2021 after an anti-money-laundering review, disputing claims of politically motivated "debanking."
Amazon plans refunds for eligible customers after $600M tariff payout
Amazon has announced plans to refund a portion of its recent tariff refunds to some customers.
CBI probes ₹1,800cr fraud case against Anil Ambani, Reliance Capital
The Central Bureau of Investigation (CBI) has launched an investigation into a major fraud case against Reliance Capital Limited and its former chairman, Anil D. Ambani.
Zepto plans pre-IPO funding round to strengthen balance sheet
Zepto, a leading player in the quick commerce industry, has announced its plan to conduct a pre-IPO private placement.
Indian start-ups raised $660M in July
Indian start-ups raised around $662 million across 85 deals in July, according to data from Entrackr.
Fresh trouble for Vi: DoT issues ₹26.8cr penalty notice
The Department of Telecommunications (DoT) has slapped a penalty notice on Vodafone Idea for ₹26.83 crore.
Centre releases additional ₹1.09L crore tax devolution to states
The Indian government has announced an additional tax devolution of ₹1,09,019 crore to state governments on August 1, 2026.
ZEE shareholders approve ₹3,140cr warrant issue amid SEBI roadblock
ZEE Entertainment Enterprises Ltd. (ZEEL) has received shareholder approval for its proposal to issue 24.95 crore fully convertible warrants at ₹126 each.
Air India resumes 10 weekly flights between Toronto, New Delhi
Air India has resumed its 10 weekly flights between Toronto and New Delhi. The resumption comes after a temporary reduction in frequencies due to the US-Iran war.
India-Rwanda trade talks: Critical minerals, pharmaceuticals identified as priority sectors
India has expressed its interest in collaborating with Rwanda on critical minerals.
UPI hits record 23.6B transactions in July
India's Unified Payments Interface (UPI) has hit a new record, processing 23.66 billion transactions worth ₹29.88 lakh crore in July 2026.
Patanjali ventures into insurance market
Baba Ramdev's Patanjali Ayurved is all set to enter the insurance sector. The Insurance Regulatory and Development Authority of India (IRDAI) has approved the company's acquisition of Magma General Insurance.
Amazon completes $50B investment in OpenAI
Amazon has finalized its $50 billion investment in OpenAI, the company behind ChatGPT.
Union Cabinet approves ₹84,084cr 'Samudra Manthan' scheme: What is it?
The Union Cabinet has approved an allocation of ₹84,084 crore for the 'Samudra Manthan' scheme.
Taiwan's economy surges by around 13% thanks to AI demand
Taiwan's economy has witnessed an unexpected growth surge in the second quarter, largely driven by the skyrocketing demand for artificial intelligence (AI) technology.
India's GST collections hit 14-month high, touch ₹2.1L crore
India's Goods and Services Tax (GST) collections have hit a 14-month high, crossing the ₹2 lakh crore mark for the second time in the current fiscal year.
Your domestic flights in India are about to become costlier
The Indian Oil Corporation Limited (IOCL) has announced a hike in the price of aviation turbine fuel (ATF) supplied to domestic airlines.
Market timings change from August 3: Everything you should know
In a major overhaul, the Securities and Exchange Board of India (SEBI) and National Stock Exchange (NSE) will introduce a new Closing Auction Session (CAS) from August 3.
Paramount pushes for early trial in Warner Bros merger case
Paramount Skydance has requested a judge to set the antitrust trial for its planned merger with Warner Bros. Discovery in November.
Why SpiceJet is paying salaries to employee in phases
SpiceJet, a domestic airline, is facing financial challenges.
LPG price cut: Commercial cylinders now cheaper by over ₹200
The Indian government has slashed the prices of 19kg commercial LPG cylinders by over ₹200 in Delhi and Kolkata.
Maruti Suzuki's Q1 results: Net profit dips 11% to ₹3,352cr
Maruti Suzuki India Limited has reported an 11% decline in its net profit for the first quarter of FY27.
You can soon pay via UPI in Maldives
The Unified Payments Interface (UPI) has expanded its international footprint with the addition of the Maldives as its 10th market.
India's fiscal deficit in Q1 FY27 surges to ₹3.1L crore
India's fiscal deficit widened to ₹3.1 lakh crore in the first quarter of FY27, according to data released by the Controller General of Accounts (CGA) today.
Faster internet for specialized services might soon be available
The Indian government is considering a review of its net neutrality framework to allow telecom operators to offer differentiated internet connectivity and speeds, as per Economic Times.
Centre extends PM-KISAN for 5 years with ₹3.15L crore outlay
The Union Cabinet has approved the extension of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme by five years, until the fiscal year 2030-31. The total outlay for this extended period is ₹3,15,614 crore.
Why Swiggy shares fell despite better Q1 results
Swiggy's shares fell over 5% in intraday trading on the BSE today, a day after the company announced its June quarter (Q1FY27) results.
India's Q1 crude oil import bill hits record $50B
India's crude oil import bill for the first quarter of FY27 has hit a record high, nearing $50 billion.
Why Amazon and Flipkart are slashing seller fees
Amazon and Flipkart are slashing or waiving commissions on a wide range of products. The move is aimed at expanding their footprint in India's smaller cities and towns, where online shopping is booming.
RBI lets banks offer differential rates on bulk deposits
The Reserve Bank of India (RBI) has permitted banks to offer different interest rates on bulk deposits, depending on their specific run-off rates under the liquidity coverage ratio (LCR) framework.
Key financial rules changing from August 1
August will bring a series of changes that could affect your everyday life, including banking rules, tax regulations, and travel procedures.
Why IndiGo won't order new aircraft before 2030
IndiGo, India's largest airline, will delay its next aircraft order till 2030.
Shocker! BP is selling its North Sea oil, gas business
UK oil and gas giant BP has announced the sale of its North Sea business, marking the end of over 60 years of production in the region.
Flipkart Plus members now get Netflix's mobile plan for free
E-commerce giant Flipkart has teamed up with streaming service Netflix to offer a free monthly Netflix Mobile Plan.
ITR deadline today: Last-minute checklist for taxpayers
The deadline for filing Income Tax Returns (ITR) is today. Taxpayers are advised to double-check certain details before hitting the 'Submit' button.
HSBC to stop retail banking services in Australia next year
HSBC, the London-based multinational bank and financial services holding company, has announced its exit from the Australian retail banking sector.
After IndiGo, Air India joins electric aircraft business
Air India has marked its entry into India's nascent electric vertical take-off and landing (eVTOL) aviation sector.
Bajaj Finserv Q1 results: Net profit rises 12% to ₹3,132cr
Bajaj Finserv has reported a consolidated net profit of ₹3,132 crore for the first quarter of FY27.
Apple posts record June quarter revenue of nearly $110B
Apple has reported a record revenue for the June quarter, driven by robust iPhone and Mac sales.
Microsoft's $450B one-day surge sets Wall Street record
Microsoft has witnessed a massive surge in its stock price, with shares jumping over 15% on Thursday. The jump has added nearly $450 billion to the company's market capitalization.
China's factory activity shrinks for first time in 5 months
China's factory activity has seen an unexpected contraction in July, the first such decline since February.
Gold heads for first monthly gain in 5 months
Gold prices fell slightly on Friday, but are still headed for their first monthly gain in five months.
Tesla considers separating China business amid SpaceX merger talks: Report
Tesla is considering the separation of its China business in light of a possible merger with SpaceX, The Wall Street Journal reported.
KOSPI rockets 17% as Samsung, SK Hynix lead rebound
South Korea's benchmark KOSPI index staged a remarkable recovery on Friday, soaring 17% to recover most of the losses incurred earlier this week.
Zepto pauses listing plans, seeks over ₹1,000cr in pre-IPO funding
Zepto, a leading player in the quick commerce industry, has decided to put its initial public offering (IPO) plans on hold, as per Moneycontrol.
L&T to create in-house ecosystem for making EV components
Larsen & Toubro Electronic Products & Systems (LTEPS) has announced its plan to provide an entire ecosystem of mobility solutions in-house.
Why RBI sold $7B last Friday
The Reserve Bank of India (RBI) sold around $7 billion last Friday in a bid to defend the Indian rupee.
ITR filing deadline tomorrow: What happens if you miss it
The deadline for filing Income Tax Returns (ITR) for the Assessment Year (AY) 2026-27 is tomorrow.
Mahindra's Q1 results: Net profit rises 6.8% to ₹3,685cr
Mahindra & Mahindra, a leading Indian automaker, has reported a 6.8% rise in its standalone profit after tax for the quarter ending June 30.
Flipkart now lets you pay for products within 30 days
Flipkart has launched a new credit service called "Flipkart Pay Later," in partnership with PayU Finance.
PhonePe introduces PulsePro, an intelligence platform for businesses
PhonePe has launched a new enterprise intelligence platform called PulsePro.
India's gold demand down 6% in Q2: What's the reason?
India's gold demand fell by 6% to 131 tons in the June quarter (Q2), according to a report by the World Gold Council.
X settles 2-year legal battle with global advertising body
Elon Musk's social media platform, X, has settled a long-standing legal dispute with the World Federation of Advertisers (WFA).
Meta shares tank 11% as AI spending spree rattles investors
Meta, the parent company of Facebook, WhatsApp, and Instagram, has witnessed a major dip in its stock prices.
Microsoft revenue hits $90B as AI fuels record quarter
Microsoft's shares rose by 8% in after-hours trading on Wednesday, following the company's announcement of a strong fiscal fourth-quarter revenue and steady 2026 capital expenditure plans.
Samsung's profit explodes over 1,800% on AI chip demand
Samsung Electronics has reported a record-breaking quarterly operating profit for the second quarter of 2026.
Google Pay's new credit card is here: Check fee, benefits
SBI Card and Google Pay have teamed up to launch a new co-branded credit card.
Indo-MIM shares list at 45% premium over IPO price
Indo-MIM, a leading manufacturer of precision engineering components, has made a strong debut on the stock market.