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Business News

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09 Aug 2026
TL;DR

California Teamsters sue state over rushed self-driving truck rules

The Teamsters union is suing California lawmakers, alleging rushed autonomous vehicle regulations threaten over 200,000 trucking jobs and lack proper economic impact analysis.

09 Aug 2026
TL;DR

Gaja Capital doubles down on India's deep tech and AI

Gaja Capital is intensifying its focus on deeptech and AI investments, signaling growing maturity in India's innovation-driven economy and self-reliance initiatives.

09 Aug 2026
TL;DR

Vertical Aerospace is raising $100 million to advance 6-seat Valo aircraft

Vertical Aerospace, a New York-listed electric aviation pioneer, is set to secure $100m in funding, including $35m from existing backers Mudrick Capital and Yorkville Advisors.

09 Aug 2026
TL;DR

ED files money laundering charge sheets in 2 RAAG cases

The Enforcement Directorate has filed chargesheets in two money-laundering cases involving Reliance Anil Ambani Group companies and former executives under the PMLA.

09 Aug 2026
TL;DR

ED accuses Reliance Infrastructure and Sateesh Seth of laundering ₹187cr

The Enforcement Directorate (ED) has filed a prosecution complaint against Reliance Infrastructure and others over alleged Rs 187-crore fund diversion from NHAI projects.

09 Aug 2026
TL;DR

Britannia, Dabur, HUL plan September price hikes amid rising costs

Leading FMCG brands like Britannia, Dabur, and HUL plan calibrated price hikes in the September quarter due to rising input costs and persistent inflationary pressures.

09 Aug 2026
TL;DR

SK Hynix worker jailed 18 months for leaking CMOS secrets

A former SK Hynix employee received an 18-month jail sentence for leaking classified semiconductor technology to a Chinese firm, as confirmed by the Seoul High Court.

66% AI workers in India expect layoffs in few months

A recent survey by Blind, an anonymous community app for professionals, has revealed that 66% of employees in artificial intelligence (AI) and machine learning (ML) roles expect layoffs or significant headcount reductions within the next three to six months.

AI push is putting banks at risk, says Moody's

Moody's, a credit rating agency, has warned that the financial industry's rush to adopt artificial intelligence (AI) is making major banks overly reliant on a handful of Silicon Valley companies.

09 Aug 2026
Kolkata

India Energy Week 2027 moves from Goa to Kolkata

India Energy Week (IEW) 2027 will take place from January 28 to January 31 at the Biswa Bangla Convention Centre in New Town, Kolkata.

09 Aug 2026
India

India can save $5B thanks to GOBARdhan scheme

The Indian Biogas Association (IBA) has projected that the GOBARdhan Scheme will help reduce India's gas import bill by $5 billion.

09 Aug 2026
TL;DR

Lenovo ISG grows 165% in India and expands AI infrastructure

Lenovo's ISG business in India grew 165% YoY in FY26, as the company shifts focus from PCs to becoming a full-stack AI infrastructure provider with significant local investments.

09 Aug 2026
State Bank of India (SBI)

Market cap of India's top 4 firms up ₹1.43L crore

The combined market capitalization of four of India's top 10 most valued companies rose by a whopping ₹1.43 lakh crore last week.

09 Aug 2026
TL;DR

IN-SPACe invites private firms to run ISRO's ₹986cr SLC

IN-SPACe is seeking private partners to manage ISRO's Rs 986-crore Small Satellite Launch Complex in Tamil Nadu, advancing India's commercial space sector.

09 Aug 2026
TL;DR

Moody's warns banks' AI adoption concentrates risk in few providers

Moody’s warns that banks’ rapid AI adoption creates systemic risks, including overdependence on a few tech firms and potential vulnerabilities like outages and price hikes.

09 Aug 2026
Evan Spiegel

Snap co-founder erases $550M medical debt for Californians

Snap co-founder Evan Spiegel and his wife, supermodel Miranda Kerr, have donated millions to wipe out $550 million in medical debt for over 261,000 Californians.

09 Aug 2026
State Bank of India (SBI)

SBI's AI-driven lending generates ₹22,000cr business in Q1

The State Bank of India (SBI) has reported a major boost from artificial intelligence (AI) in its lending business.

09 Aug 2026
TL;DR

India July tractor sales jump 28% to 117,349 units

India's tractor market saw a 28% year-on-year growth in July 2026, driven by improved monsoon conditions, robust kharif sowing, and strong rural demand, according to FADA data.

09 Aug 2026
TL;DR

India's GOBARdhan plan could cut $5B in gas imports

The Indian Biogas Association (IBA) estimates the Rs 23,731-crore GOBARdhan initiative could reduce India's gas import bill by $5 billion through bioenergy production.

09 Aug 2026
Lok Sabha

PhonePe, Razorpay back UPI charges on bigger merchants

Leading Indian fintechs, PhonePe and Razorpay, have supported the industry's push for merchant charges on larger businesses.

09 Aug 2026
TL;DR

Ownly and Magicpin expand in India's food delivery market

Ownly and magicpin are gaining traction in India's food delivery market, driven by increased restaurant partnerships and growing order volumes across major cities.

09 Aug 2026
TL;DR

Indian stocks draw $3.6bn, gain 6% as investors seek balance

Global investors are flocking to AI-linked markets, but India's improving fund flows and relative stability position it as a compelling portfolio diversifier.

09 Aug 2026
TL;DR

S&P Global warns El Nino could raise Asia food prices

Asia-Pacific households, including India, face heightened vulnerability to price shocks as El Nino disrupts rainfall, agriculture, and water-intensive industries, S&P reported.

09 Aug 2026
TL;DR

HUDCO seeks over ₹2L cr loan book by March 2027

HUDCO CMD Sanjay Kulshrestha announced that the company's loan book is projected to surpass Rs 2 lakh crore in FY27, driven by robust demand and strategic funding initiatives.

09 Aug 2026
Finance

Delhivery's Q1 net profit falls 65% YoY to ₹32cr

Leading logistics company Delhivery has reported a 65% year-on-year drop in its net profit for the first quarter of FY27.

09 Aug 2026
China

China's producer price inflation hits 3-month low: What's the reason?

China's producer price index (PPI) has witnessed a significant slowdown, rising only 3.5% year-on-year in July.

09 Aug 2026
Maharashtra

Milk in Maharashtra will become costlier from August 11

From August 11, the cost of cow and buffalo milk in Maharashtra will go up by ₹2 per liter.

09 Aug 2026
TL;DR

Four Indian giants add ₹1.43L/cr as SBI tops ₹10L/cr

The combined market valuation of four top-10 firms rose ₹1.43 lakh crore last week, with State Bank of India leading the gains, adding ₹63,922.03 crore.

09 Aug 2026
ChatGPT

OpenAI acquires presentation start-up NextSlide to enhance ChatGPT

OpenAI has acquired presentation start-up NextSlide, a move that will bolster the capabilities of ChatGPT.

09 Aug 2026
Andhra Pradesh

India's data center boom could boost housing demand by 2030

India's burgeoning data center ecosystem is poised to significantly impact the country's residential real estate sector, a new report from proptech company Square Yards has revealed.

09 Aug 2026
TL;DR

Cochin International Airport posts 502 cr net profit in 2025-26

Cochin International Airport Limited (CIAL) achieved a record net profit of ₹502 crore in 2025-26, with total revenue rising 6.6% year-on-year to ₹1,220 crore.

09 Aug 2026
TL;DR

Indian markets end week higher with Nifty 24,570.65, Sensex 78,499.17

Broader indices outperformed benchmarks this week, with Nifty Smallcap 100 surging nearly 3%, driven by stock-specific buying and robust earnings momentum.

09 Aug 2026
TL;DR

China's July producer price inflation slows to 3.5% 3-month low

China's producer price inflation eased to a three-month low in July at 3.5%, while consumer inflation also cooled amid retreating global energy prices.

09 Aug 2026
TL;DR

India data center boom will create 4.33L jobs by 2030

India's expanding data centre ecosystem is set to drive housing demand for 195 million sqft and create over 4.33 lakh jobs by 2030, transforming urban growth corridors nationwide.

09 Aug 2026
TL;DR

Government proposes small fee on merchant UPI payments over ₹2,000

The government clarified that the merchant discount rate (MDR) for UPI transactions above Rs 2,000 will be minimal and limited to specific merchants.

08 Aug 2026
Delhi

Delhi government's new drone policy might create over 1,000 jobs

The Delhi government is ready to approve a new drone policy that aims to create over 1,000 jobs in the capital.

08 Aug 2026
PhonePe

PhonePe says UPI payments will remain free for you

PhonePe co-founder and CEO Sameer Nigam has clarified that Unified Payments Interface (UPI) payments will continue to be free for consumers.

08 Aug 2026
Ahmedabad

Why India's premium and luxury homes going unsold?

According to a report by Knight Frank India, unsold residential inventory across eight major Indian markets has increased by 4% year-on-year.

08 Aug 2026
Foreign Investment

FPIs invest ₹12,290cr in first week of August

Foreign Portfolio Investors (FPIs) have made a major investment in the Indian market during the first week of August.

5 mainboard IPOs to hit India's primary market next week

Five mainboard initial public offerings (IPOs) are set to debut on the Indian primary market next week.

08 Aug 2026
Indian Government

LIC explores investments in fintech, health insurance sectors

Life Insurance Corporation of India (LIC) is considering investments in health insurance and financial technology (fintech) sectors.

08 Aug 2026
Donald Trump

Trump Media terminates crypto deal with Crypto.com

Trump Media & Technology Group Corp. has terminated its partnership with cryptocurrency exchange Crypto.com.

08 Aug 2026
British Airways

UK issued over 500,000 visas to Indians in last year

The UK has issued more than 500,000 visas to Indian nationals in the year ending March 2026.

08 Aug 2026
United States of America

US unemployment rate drops amid job cuts

The US economy witnessed an unexpected job loss in July, with nonfarm payrolls declining by 23,000 jobs, contrary to economists' expectations of growth.

08 Aug 2026
Parliament

Parliamentary panel urges DRDO to finalize measurable performance targets

A parliamentary panel has urged the Defense Research and Development Organization (DRDO) to "expeditiously" finalize and notify clear, measurable Key Performance Indicators (KPIs).

08 Aug 2026
Australia

Natural gas prices facing downward trend: Is recovery possible?

Natural gas prices have been on a downward trend in recent months, despite heightened geopolitical tensions in the Middle East.

08 Aug 2026
Ministry Of Home Affairs

Solar, wind projects within 1km of Indian borders banned

The Ministry of Home Affairs (MHA) has issued new guidelines.

08 Aug 2026
Air India Express

Akasa Air, AI Express say fleets unaffected by FAA directive

Akasa Air and Air India Express have confirmed that their fleets of Boeing 737 aircraft are not affected by a recent directive from the US Federal Aviation Administration (FAA).

08 Aug 2026
Startups

Paper Boat maker reports 96% decline in profit

Hector Beverages, the maker of beverage brand Paper Boat, has reported a massive decline in profitability for the fiscal year ending March 2026.

Blackstone-backed AGS Health seeks ₹4,800cr via IPO

Blackstone Group-owned AGS Health has filed an updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).

08 Aug 2026
Donald Trump

NVIDIA to invest $3B in power infrastructure developer Lancium

NVIDIA will invest up to $3 billion in Lancium, a power infrastructure developer and the company behind the Stargate data centre campus in Texas.

08 Aug 2026
Apple

Apple dominates premium smartphone market with 65% global share

Apple has captured a whopping 65% of the global premium smartphone market in the first half of 2026, according to Counterpoint Research's Handset Model Sales Tracker.

08 Aug 2026
India

Why Indian electronics, automobile makers are turning to air freight

Indian electronics and automobile manufacturers are increasingly turning to air freight for transporting raw materials and components.

08 Aug 2026
Air India

Air India hikes salaries of pilots by up to 15%

Air India has announced a significant salary hike for its pilots, with an increase ranging from 8% to 15%.

08 Aug 2026
Accenture

Why Accenture wants its staff to delay vacations

Accenture has announced a temporary policy change, allowing employees to carry over their unused vacation days into the next fiscal year.

08 Aug 2026
Airbnb

Airbnb is shipping new features faster thanks to AI

Airbnb co-founder and CEO Brian Chesky has revealed that artificial intelligence (AI) is playing a major role in accelerating the company's product development.

08 Aug 2026
California

Trump spent nearly $4B to cancel offshore wind lease

The Trump administration is paying German utility company RWE a whopping $1.2 billion to cancel an offshore wind lease.

07 Aug 2026
Hardeep Singh Puri

US now supplies 67% of India's LPG imports: Hardeep Puri

The United States has emerged as India's biggest supplier of liquefied petroleum gas (LPG).

07 Aug 2026
Samsung

SK Hynix to invest $38B in AI memory chip expansion

SK Hynix, a leading South Korean semiconductor manufacturer, has announced a massive investment of 54 trillion Korean won ($38.1 billion) to set up two new memory chip production facilities.

07 Aug 2026
Titan

Titan Q1 profit jumps 65% to ₹1,699cr

Titan Company has posted a robust growth in its first-quarter earnings for the fiscal year.

07 Aug 2026
Inflation

Global food prices hit 44-month high

The United Nations' Food and Agriculture Organization (FAO) has reported a significant rise in global food prices in July.

07 Aug 2026
Anthropic

Anthropic is looking to hire an Insider Risk Investigator

Anthropic is looking to hire an Insider Risk Investigator as AI companies ramp up efforts to safeguard sensitive data, employees, and infrastructure.

07 Aug 2026
State Bank of India (SBI)

SBI Q1 net profit rises 10% to ₹21,121cr

The State Bank of India (SBI) has reported a net profit of ₹21,121.22 crore for the June quarter (Q1FY27), marking a year-on-year increase of 10.23%.

07 Aug 2026
Lok Sabha

Lok Sabha passes MSME Bill: What it means for businesses

The Lok Sabha has passed the Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026.

07 Aug 2026
Air India Express

FAA orders inspection of hundreds of Boeing 737 Max jets

The US Federal Aviation Administration (FAA) has ordered airlines operating 471 Boeing 737 MAX jets to inspect a specific component for possible cracks.

07 Aug 2026
Delhi High Court

Relief for Dabur! HC stays FSSAI order against '100%' labels

The Delhi High Court has stayed an order by the Food Safety and Standards Authority of India (FSSAI) that banned Dabur India from selling several food products.

07 Aug 2026
Bharti Airtel

Airtel, Vi get relief in ₹3,300cr spectrum charge case

The Supreme Court of India has refused to stay a Bombay High Court order quashing the government's demand for one-time spectrum charges from telecom companies.

07 Aug 2026
Bajaj Finserv

Sensex drops over 500 points: What's behind today's decline?

India's benchmark equity indices, Sensex and Nifty, fell on Friday. The fall was mainly due to losses in financial stocks and rising crude oil prices.

07 Aug 2026
Bharti Airtel

Airtel boosts data center expansion with new acquisitions

Bharti Airtel's data center arm, Nxtra Data, has announced plans to acquire up to an 85% stake each in Rochak Systems and Rovision Tech Hub, newly incorporated entities in India that propose to develop land for the construction of data centers and are yet to commence commercial operations.

07 Aug 2026
Ahmedabad

India's only bullion exchange faces leadership shake-up

Ashok Kumar Gautam, the first CEO of India International Bullion Exchange IFSC Ltd. (IIBX), has resigned from his position.

07 Aug 2026
Akasa Air

Akasa Air launches loyalty program 'Akasa Elevate'

Akasa Air has launched its first-ever loyalty program, 'Akasa Elevate,' to attract frequent flyers.

07 Aug 2026
Donald Trump

Indian solar exports face 15% US tariff under Trump order

The United States has announced a 15% tariff on solar cells and modules imported from India and other countries.

07 Aug 2026
Reserve Bank Of India (RBI)

No, banks can't lock your phone over loan defaults: RBI

The Reserve Bank of India (RBI) has issued a new directive, barring banks from disabling mobile phones and laptops of defaulting borrowers.

07 Aug 2026
TikTok

TikTok to lay off 250 employees, shut Nashville office

TikTok has announced the layoff of 250 employees and the closure of its Nashville office.

07 Aug 2026
Jairam Ramesh

MDR on UPI applies to merchants, not customers: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman has clarified that the Merchant Discount Rate (MDR) on digital transactions applies to merchants, not customers.