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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.
Parag Agrawal's Parallel joins Google Cloud Gemini for business AI
Parag Agrawal's $2 billion AI search startup, Parallel Web Systems, is collaborating with Google to integrate its technology into Google Cloud’s Gemini-powered AI tools.
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.
Punjab National Bank Q1 profit up 225% to ₹5,200 cr
Punjab National Bank reported a remarkable over three-fold rise in Q1FY27 net profit to ₹5,200 crore, driven by improved asset quality and robust operating performance.
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.
Kotak Mahindra Bank Q1 fiscal 2027 profit jumps 22.5% ₹5,480cr
Kotak Mahindra Bank reported a 22.5% YoY rise in consolidated net profit to ₹5,480.46 crore for Q1 FY27, with total income increasing to ₹30,068.60 crore.
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.
NVIDIA CEO Jensen Huang's Tom Ford jacket sells for $960,000
A black leather jacket worn and signed by Nvidia CEO Jensen Huang sold for $960,000 at Sotheby’s, far exceeding its pre-auction estimate of $40,000–$60,000.
IIQC 6th edition in Gurugram spotlights AI, alternative data, SIFs
The Indian Institutional Quant Conference 2026 highlighted Agentic AI, alternative data, and Specialised Investment Funds as transformative investment trends.
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.
Gold down 3.4% amid U.S.-Iran tensions and oil price rise
Gold prices see their steepest weekly drop in six weeks, prompting strategic buying as US-Iran tensions fuel inflation concerns and impact global markets.
Alphabet and Intel earnings to steer US AI market sentiment
Alphabet and Intel's upcoming earnings reports are set to influence the AI-driven market rally as U.S. corporate earnings season intensifies.
Supreme Court orders sale and Jet Airways auctions 3 737s
Three grounded Jet Airways Boeing 737 aircraft, with reserve prices ranging from ₹4.93 crore to ₹90.02 crore, will be auctioned on Saturday.
FAA restores Boeing self certification for 737 MAX and 787
The FAA has reinstated Boeing's authority to certify its 737 Max and 787 aircraft after months of joint safety reviews, citing confidence in the company's airworthiness checks.
Tata Electronics hit by cyberattack leaking Apple and Tesla files
Tata Electronics has adopted Mandiant's recommendations after a cyberattack exposed client data, including Apple and Tesla-related projects.
ServiceNow wants to be AI control tower focused on governance
ServiceNow's Kulmeet Bawa emphasizes that effective governance, orchestration, and security of AI agents are critical for enterprises to thrive in the evolving AI landscape.
SEBI's AI detects front-running in PMS, Manoj Kumar says
Sebi's AI tools have identified emerging front-running patterns in the portfolio management services (PMS) industry, previously thought to be confined to mutual funds.
India's EPFO working on universal pension scheme for all workers
The government is developing a contributory pension scheme under EPFO 3.0 to include unorganised sector workers, gig workers, and higher-wage earners in social security coverage.
India's smartphone market falls 10% YoY as budget phones slump
India's smartphone shipments fell 10% year-on-year in Q1, marking the steepest quarterly decline in three years, driven by weak demand in the mass-market segment.
Memory chip cost surge raises Indian phone prices, shipments fall
India’s smartphone market faces a steep decline as rising memory chip costs, driven by AI demand, push handset prices higher, reshaping consumer behavior and brand strategies.
Agility Robotics opens Fremont facility to train Digit for workplaces
Agility Robotics is opening a 60,000-square-foot facility in Fremont, California, near Tesla's Optimus factory, to train its humanoid robots for real-world applications.
IDBI launches FCNR(B) SOD with 12x structured loan for NRIs
IDBI Bank has introduced a leveraged FCNR(B) deposit scheme, offering up to 16.2% annual returns and dollar deposit rates of up to 6.60% for high-value investments.
SMI at Manipal hosts Fintech conference on design in Bengaluru
Srishti Manipal Institute hosted a global conference on design-led FinTech innovation, where PFRDA chairperson unveiled AI-driven plans to enhance NPS onboarding.
SpaceX shares fall to $124, Elon Musk worth $797 billion
SpaceX's stock has plummeted over 40% since its June IPO peak, erasing $1 trillion in value and dropping below its initial offering price of $135 per share.
India nearly doubles gold and silver jewelry duty drawback rates
The Centre has nearly doubled duty drawback rates for gold and silver jewellery exports, aiming to boost competitiveness amid rising input costs and global uncertainties.
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.
Incentive scheme for mobile phone manufacturing, worth ₹62,500cr, approved
The Union Cabinet has approved a whopping ₹62,500 crore for the second phase of the mobile phone production-linked incentives scheme.
India-UK trade deal kicks in: Here's what gets cheaper
The India-UK Comprehensive Economic and Trade Agreement (CETA) has come into effect today.
Centre approves ₹1.27 lakh crore India Semiconductor Mission 2.0
The Indian government has approved the second phase of the India Semiconductor Mission (ISM 2.0), with a budget allocation of ₹1.275 lakh crore. This is significantly higher than the first phase's allocation of ₹76,000 crore.
ITC's answer to Pepsi and Coca-Cola is here
ITC has made its foray into India's highly competitive carbonated beverage market with the launch of B Natural Coconut Cola.
Patanjali Foods shares down 20% today: What should investors do?
Stock price of Patanjali Foods has plunged nearly 20%, hitting a new 52-week low of ₹330.95 on the Bombay Stock Exchange (BSE).
MakeMyTrip wants to raise $1B+ via IPO in India
Online travel services platform MakeMyTrip is planning to file draft papers for an initial public offering (IPO) of over $1 billion, as per Moneycontrol.
Groww's Q1 net profit up 94% YoY to ₹735cr
Billionbrains Garage Ventures, the parent company of Groww, has announced its financial results for the first quarter of FY27.
You can now order LPG cylinders on Instamart in Bengaluru
Swiggy's Instamart has partnered with Hindustan Petroleum Corporation Limited (HPCL) to launch India's first on-demand Liquefied Petroleum Gas (LPG) cylinder delivery service.
SBI Funds IPO fully booked, GMP surges to over 16%
SBI Funds Management's ₹11,693 crore initial public offering (IPO) has been fully subscribed on the second day of bidding.
China's AI star DeepSeek plans IPO
Chinese artificial intelligence (AI) start-up DeepSeek has begun preparations for a landmark initial public offering that could see the company file as early as this year.
China GDP growth slows to weakest pace since 2022
China's economy grew by 4.3% in Q2 2026, the slowest pace since late 2022. The slowdown is attributed to weak domestic demand, a prolonged property slump, and the global oil shock.
Tata to invest $1B in shipbuilding in Kerala
The Tata Group has sought approval to invest $1 billion in shipbuilding in Kerala.
Apple just got a $32.8B lawsuit dismissed in US
A US judge has dismissed a class action lawsuit against Apple, alleging its failure to prevent the distribution of child sexual abuse material on its iCloud data storage service.
Why Google has been sued by publishers in the US
A consortium of leading publishers, including Hachette, Cengage, and Elsevier, has sued tech giant Google.
Sensex gains nearly 600 points
The Indian stock market has witnessed a strong rally today, with the benchmark indices Sensex and Nifty 50 rising over 0.5%.
Meta faces lawsuit for using biased AI in layoffs
A group of 26 former Meta employees has filed a lawsuit against the tech giant, accusing it of using artificial intelligence (AI) tools to unfairly target workers on leave for layoffs.
Kusumgar lists at 37% premium over IPO price
Kusumgar, a manufacturer of engineered fabrics, has made a strong debut on the Indian stock market.
IBM loses $70B after CEO says firm 'faltered' on AI
IBM saw its shares plummet by a staggering 25% on Tuesday, following the release of disappointing preliminary second-quarter results.
Oil prices surge past $85/barrel as US-Iran tensions escalate
Oil prices have surged past the $85-a-barrel mark, amid fears of supply disruptions in the Middle East.
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.
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.