Business News
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Aluminium Association of India urges curbs on Gulf ASEAN scrap
India's aluminium industry urges the government to raise import duties on low-grade scrap and implement quality standards to curb poor-quality imports.
Nouriel Roubini warns AI could replace many jobs, urges UBI
Nouriel Roubini forecasts 10% GDP growth by 2050, driven by AI advancements, while warning of significant workforce displacement and advocating universal basic income.
Rajesh Agarwal heads to Geneva for India's 5-year WTO review
Commerce Secretary Rajesh Agarwal will visit Geneva this week to lead India's delegation for the WTO's eighth Trade Policy Review, assessing India's trade policies.
Air India Express restores 90% flights, launches Abu Dhabi routes
Air India Express has restored 90% of its Middle East flights disrupted by the West Asia conflict and anticipates full pre-war operations by October, barring escalations.
Chhattisgarh attracts investments worth ₹8L crore in 18 months
Chhattisgarh has emerged as the top state on key parameters in the CRISIL-NITI Aayog Investment Friendliness Index (IFI) 2026.
Why Samsung has laid off over 800 employees in US
Samsung Electronics has announced job cuts at its US display, phone, and other consumer electronics operations.
RIL posts strong Q1 results: Should you buy shares?
Reliance Industries Ltd (RIL), led by Mukesh Ambani, witnessed a 2.5% rise in its share price on Friday to close at ₹1,328.8 per share.
India's GDP to grow at 6.5-6.8% in FY27: Deloitte
Deloitte India has projected a GDP growth rate of 6.5-6.8% for the current fiscal year (FY27).
These public issues will open in India next week
The primary market is set to witness a flurry of activity next week with four public issues opening for subscription.
Moonshot AI plans Hong Kong IPO and could top $30B
Moonshot AI is preparing for a Hong Kong IPO within six months, following the launch of its groundbreaking Kimi K3 model, which outperformed global AI benchmarks.
Starbucks Korea forms 1st labor union after 'Tank day' outrage
Starbucks Korea employees formed their first-ever union following backlash over the "Tank Day" campaign, which coincided with the anniversary of the tragic Gwangju uprising.
Government panel wraps up SEZ policy review to boost exports
A 17-member committee is set to submit its report to the commerce ministry, proposing reforms to boost domestic manufacturing, exports, and streamline export promotion schemes.
5paisa partners with OpenAI to enhance investing experience
Leading fintech firm and discount broker, 5paisa Capital Ltd, has announced a strategic partnership with OpenAI.
TCS leads ₹1.5L crore gain among top-10 firms
The combined market capitalization of five out of India's top 10 most valued companies rose by a whopping ₹1.54 lakh crore last week.
How Gautam Adani got US bribery and fraud charges dropped
Billionaire Gautam Adani has been exonerated from bribery and securities fraud charges by US prosecutors.
OpenAI and 5paisa Capital enable India's 1st brokerage on ChatGPT
5paisa Capital partners with OpenAI to deliver personalised, AI-driven insights and advisory support, enhancing the trading experience for retail investors.
Govt extends exemption for renewable energy projects
The Indian government has extended the exemption timeline for net metering and open access renewable energy (RE) projects till December 31, 2026.
Apple raises iPhone prices in Japan by up to 11%
Apple has raised the prices of its iPhone models in Japan by as much as 11%. The price hike affects the iPhone 17 lineup, iPhone Air, and iPhone 16e.
PNB raises $420M in overseas fundraising, targets $2.5B by September
Punjab National Bank (PNB) has secured around $419 million in Foreign Currency Non-Resident Bank (FCNR(B)) deposits.
Deloitte forecasts 6.5% to 6.8% GDP growth for India 2026-27
Deloitte India forecasts a 6.5-6.8% GDP growth for FY2026-27, driven by festive demand, monetary easing, and stabilising global conditions despite geopolitical uncertainties.
TMTG launches 'Truth API' charging $100,000 monthly for real-time posts
Donald Trump's media company plans to charge Wall Street firms up to $100,000 monthly for faster access to his Truth Social posts, sparking ethical concerns.
RBI requires banks to sell seized properties within 7 years
RBI's new framework mandates banks to sell seized properties within a maximum of seven years and prohibits resale to defaulting borrowers, effective October 1, 2026.
US drops bribery and securities fraud charges against Gautam Adani
A 10-week defense effort, featuring 600 pages of arguments and expert testimony, led US prosecutors to drop bribery and fraud charges against billionaire Gautam Adani.
Bank of England won't offer loans to these bondholders anymore
The Bank of England has announced a ban on accepting bonds linked to thermal coal for key loan arrangements.
Maharashtra to build quantum computing, deep-tech ecosystem: CM Devendra Fadnavis
Maharashtra Chief Minister Devendra Fadnavis has announced plans to build an ecosystem for quantum computing and deep technologies in the state.
Sensex, Nifty rise as earnings lift 5 top-10 firms ₹1.54L/cr
The market valuation of five top-10 firms rose ₹1.54 lakh crore last week, with TCS leading gains after reporting strong Q1 FY27 earnings and a 4.61% profit growth.
Goldman Sachs tightens betting rules for employees on prediction markets
Goldman Sachs has tightened its rules on employee participation in prediction markets.
Indian downstream manufacturers urge duty cuts to help MSMEs
Downstream aluminium manufacturers in India urge the government to cut customs duty on primary aluminium and scrap, citing severe cost pressures and eroded competitiveness.
BPCL's new Bharatgas Lite-ZIP cylinders are meant for urban households
Bharat Petroleum Corporation Limited (BPCL) has launched a new premium LPG offering called Bharatgas Lite ZIP.
'₹30 extra per km': 4.7-star Uber driver's demand shocks netizens
A man in Pune has alleged that an Uber driver demanded an additional ₹30 per kilometer for his ride.
Is Blinkit's document printing service safe to use?
An incident involving a customer of Blinkit's document printing service has sparked a major debate over data privacy.
Can AI industry survive if OpenAI collapses?
Ed Zitron, an AI critic and researcher, has warned that the ongoing boom in artificial intelligence (AI) is largely driven by OpenAI.
This is how India's 1st indigenous C-295 aircraft will look
Union Minister of Civil Aviation, Rammohan Naidu Kinjarapu, recently visited the Tata Advanced Systems Limited (TASL) facility in Vadodara, Gujarat.
US inflation drops after cheaper gas while China growth weakens
US inflation eased in June, reducing Federal Reserve rate hike bets. Meanwhile, China's economic slowdown pressures policymakers to boost spending to meet annual growth targets.
Govt rolls out 'White Rabbit' tech to secure IST
The Indian government has launched a demonstration network using "White Rabbit" precision timing technology to provide a secure and tamper-resistant national time signal.
India launches Semicon 2.0 with 1.27L/cr funding for AI chips
India's Semicon 2.0 program introduces equity incentives to attract investments for advanced chip designs, aiming to strengthen the nation's semiconductor design ecosystem.
India tightens tax treaty with Sri Lanka
India has amended its tax treaty with Sri Lanka, tightening loopholes in double taxation avoidance and preventing revenue leakage through treaty abuse.
India updates Sri Lanka tax treaty to prevent double taxation
India has revised its tax treaty with Sri Lanka, introducing the Principal Purpose Test (PPT) to curb treaty abuse and prevent revenue leakage through tax avoidance strategies.
Mumbai company loses ₹10cr after employee sent funds via WhatsApp
A Mumbai-based manager was duped into transferring Rs 10.40 crore in 63 transactions after cybercriminals impersonated his senior executive on WhatsApp.
South Korea's Kospi index signals global AI and chip trends
South Korea's Kospi Index has become a key global barometer for AI-driven stock trends, with Samsung and SK Hynix shaping semiconductor market sentiment worldwide.
Shocking! Zomato accused of mental, sexual harassment by ex-employee
A former employee of Zomato has accused the company of mental and sexual harassment in a viral LinkedIn post.
IDBI Bank's Q1 results: Net profit up 5% to ₹2,115cr
IDBI Bank has reported a standalone net profit of ₹2,115 crore for the first quarter of the financial year 2026-27 (Q1 FY27).
HDFC Bank's Q1 net profit rises 5% to ₹19,060cr
India's largest private lender, HDFC Bank, has reported a standalone net profit of ₹19,060 crore for the first quarter of FY27.
ICICI Bank's Q1 profit jumps 15.95% YoY to ₹14,804cr
ICICI Bank has reported a 15.95% year-on-year increase in its standalone net profit for the April-June quarter.
Yes Bank's Q1 results: Profit jumps 33.7% YoY to ₹1,071cr
Yes Bank has reported a massive 33.7% year-on-year jump in its standalone net profit for the quarter ending June 2026 (Q1 FY27).
PNB's Q1 net profit surges over 300% to ₹5,200cr
Punjab National Bank (PNB) has reported a massive surge in its net profit for the first quarter of fiscal year 2026-27.
Kotak Mahindra Bank's Q1 profit rises 22.5% to ₹5,480cr
Kotak Mahindra Bank has posted a consolidated net profit of ₹5,480.46 crore for the June quarter (Q1 FY27), marking a 22.5% year-on-year growth.
Axis Bank Q1 results: Net profit rises 23% to ₹7,114cr
Axis Bank has reported a 23% year-on-year rise in its standalone net profit for the April-June quarter of FY27.
Apple in talks to settle antitrust lawsuit with US DOJ
Apple is in the early stages of settlement talks with the US Department of Justice (DOJ) over a 2024 lawsuit.
Jensen Huang's leather jacket goes under the hammer for ₹9cr
Jensen Huang, the CEO of NVIDIA, is known for his signature look of black leather jackets.
Why you can't catch a Kuwait Airways flight right now
Kuwait Airways has announced a major change in its flight schedule, owing to the closure of the country's airspace today.
SpiceJet fined ₹1L for using 'dark patterns' on booking platform
The Central Consumer Protection Authority (CCPA) has imposed a fine of ₹1 lakh on SpiceJet for using "dark patterns" on its flight booking platform.
Apple briefly overtakes NVIDIA as world's most valuable company
Apple briefly surpassed NVIDIA to become the world's most valuable company on Friday, amid investor skepticism about the profitability of rapid AI development and data center investments.
DIIs continue buying spree with ₹9,800cr, FPIs remain net sellers
Domestic institutional investors (DIIs) continued their buying spree for the eighth consecutive session on Friday.
Netflix acquired Ben Affleck's AI company for $587M
Netflix has confirmed the acquisition of Ben Affleck's artificial intelligence (AI) company, InterPositive, for an estimated $587 million in cash.
Google Pixel, Nothing emerge as India's fastest-growing smartphone brands
Despite the overall decline in India's smartphone market, two brands have emerged as the fastest-growing: Google Pixel and Nothing.
Apple sends legal letters to ex-employees now at OpenAI
Apple has sent preservation letters to around 40 former employees now working at OpenAI.
Boeing can now self-certify its 737 MAX, 787 planes again
The US Federal Aviation Administration (FAA) has granted Boeing the authority to self-certify its entire fleet of 737 MAX and 787 aircraft.
Jio's subscriber base crosses 530M, average revenue per user improves
Reliance Industries Limited's telecom arm, Jio Platforms, has reported a steady improvement in its key operating metrics for the June quarter.
Reliance's oil-to-chemicals business revenue jumps 30% as crude prices surge
Reliance Industries Limited (RIL) has reported a 30.4% year-on-year (YoY) increase in revenue from its oil-to-chemicals (O2C) business for the first quarter of FY27.
Zee Entertainment plans to sell 49% stake in music division
Zee Entertainment Enterprises Ltd. (ZEEL) is considering selling a 49% stake in its music division, Zee Music.
Wells Fargo to cut more jobs as AI boosts efficiency
Wells Fargo, one of the leading US banks, is set to reduce its workforce further.
Zepto may slash IPO valuation amid investor concerns
Indian fast-delivery company Zepto Ltd. is looking to lower its initial public offering (IPO) valuation, amid concerns over cash burn and profitability, according to Bloomberg.
Chinese brands lose grip on Indian smartphone market
China's leading smartphone manufacturers have witnessed a major decline in the Indian market during the April-June quarter.
EPFO working on universal PF scheme for gig, self-employed workers
The Employees' Provident Fund Organisation (EPFO) is said to be working on a universal provident fund (PF) scheme, according to The Times of India.
Tata Electronics to build India's 1st semiconductor wafer plant
Tata Electronics, a subsidiary of the Tata Group, is preparing to set up India's first large-scale semiconductor wafer manufacturing facility.
Sensex jumps 965 points, Nifty tops 24,300 on IT rally
Indian benchmark indices, Sensex and Nifty, witnessed a massive rally on Friday.
Ex-Meta employees sue company over AI-driven layoffs, allege discrimination
Meta is facing a federal lawsuit from 26 former employees, who have accused the company of using AI-powered metrics to unfairly target workers for layoffs.
PayPal rejects $53B takeover bid from Stripe-led group
PayPal has rejected a $53 billion takeover bid from rival payment processor Stripe and private equity firm Advent International, according to Reuters.
Jio Platforms to begin IPO roadshow next week
Jio Platforms, the digital services subsidiary of Reliance Industries, will begin marketing for its proposed initial public offering (IPO) next week, according to Mint.
Volkswagen workers set to grill CEO over restructuring plans
Volkswagen's works council has announced plans for special staff assemblies with CEO Oliver Blume in August, according to Reuters.
Government may charge big businesses on UPI payments above ₹2,000
The Indian government is mulling the reintroduction of a Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions for large merchants.
Uber to acquire Germany's Delivery Hero for $14.8B
Uber has announced its acquisition of German food delivery company Delivery Hero for $14.8 billion.
Over 4,500 Google workers seek layoff protections amid AI push
Google employees have filed a petition seeking layoff protections amid the ongoing artificial intelligence (AI) boom.
Verizon cuts 3,000 jobs, sells 274 stores
Verizon, a leading US telecom giant, is going through a massive restructuring of its retail business.
Zepto launches ₹99/month Club membership with cashback, priority delivery perks
Zepto, the popular quick-commerce platform, has launched an invite-only paid membership program called Zepto Club.
Buffett says Bill Gates' association with Epstein was 'distasteful'
Billionaire investor Warren Buffett has expressed his disapproval of Microsoft co-founder Bill Gates' association with Jeffery Epstein, a convicted sex offender.
SBI Funds IPO crosses 40x subscription on final day
The initial public offering (IPO) of SBI Funds Management has witnessed a stellar response on its final day of bidding.
China now more favorable than US: Study
A new study by the Pew Research Center has revealed a major shift in global opinion, with China being viewed more favorably than the US in several countries.
Centre tightens exit rules for ISRO scientists amid growing resignations
The Indian government has tightened its resignation policy for scientists at the Indian Space Research Organization (ISRO).
TSMC to invest additional $100B in US chipmaking
Taiwan Semiconductor Manufacturing Company (TSMC), a leading player in the global chip industry, has announced its plan to invest an additional $100 billion in expanding its manufacturing capacity in the United States.
Apple eyes AI chip start-ups to reduce reliance on NVIDIA
Apple is on the lookout for chip start-ups to bolster its artificial intelligence (AI) server capabilities, according to The Information.
Why IT stocks are rallying today
IT stocks have witnessed a strong comeback in today's session, breaking their two-day losing streak.
MSCI India rejig may attract $2.3B foreign inflows
The upcoming rebalancing of the MSCI India Standard Index, due on August 12 after market hours, could see the addition of up to 12 new stocks.
Centre raises diesel, ATF export duties
In response to rising global crude oil prices, India has increased the windfall taxes on diesel and aviation turbine fuel (ATF) exports by ₹7 per liter each.
Ex-RBI Governor Raghuram Rajan gets key US Fed advisory role
Former Reserve Bank of India (RBI) governor Raghuram Rajan has been appointed to a key role in the US Federal Reserve's reform initiative.
SpaceX's stock falls below IPO price for 1st time
SpaceX's shares have fallen below their initial public offering (IPO) price for the first time.
South Korea raises interest rates for first time since 2023
South Korea's central bank, the Bank of Korea (BOK), has raised its key interest rate for the first time in over three years.
Musk just bought a power company for $1B
Elon Musk has acquired APR Energy, a Jacksonville-based company that operates mobile gas and diesel turbines with over 1GW of generation capacity.
Hyundai to take full control of Boston Dynamics
Hyundai Motor Group has announced its plan to acquire the remaining stake in Boston Dynamics from SoftBank Group.
JPMorgan Chase to become 1st $1T bank in the world
JPMorgan Chase is on the verge of becoming the first bank in history to be valued at $1 trillion.
India's unemployment rate in June stands at 5.5%
India's unemployment rate remained unchanged at 5.5% in June, according to the latest data from the Periodic Labour Force Survey (PLFS).
Fintech founder's home loan rejected. Reason? Bank calls him 'high-risk'
Pravin Jadhav, the founder and CEO of Raise Financial Services valued at around $1.2 billion, has claimed that a leading private bank denied his home loan application.
Modi government to issue ₹28,000cr nuclear power tender soon
India is gearing up to issue its largest-ever Nuclear Island Engineering, Procurement and Construction (EPC) tender.