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RBI calls on NBFCs to adopt AI and ML
RBI Deputy Governor S C Murmu emphasized the need for NBFCs to leverage AI and machine learning for early detection of borrower stress as credit growth accelerates.
Bitcoin near $77,700 as crypto traders await US jobs report
Bitcoin remains range-bound near $77,700 as investors await Friday's US jobs report for insights into the Federal Reserve's potential September rate hike decision.
Kanohar Electricals IPO opens September 8 with ₹601-₹632 band
Kanohar Electricals has set its IPO price band at ₹601-632 per share, with subscriptions open from 8 to 10 September. The issue includes a fresh ₹300 crore offering and an OFS.
Amazon Labor Day sale from $5 up to 92% off
Amazon's Labor Day sales feature up to 92% off on fall-ready essentials, including cozy sweaters, trendy ballet flats, and skincare must-haves starting at just $5.
Tata Trusts gets relief as regulator closes share transfer complaint
Tata Trusts has received a major relief from the Maharashtra Charity Commissioner, allowing it to continue its operations and search for a new chairman.
India attracts global data centers with 30-50% lower setup costs
India’s data-centre setup costs are 30-50% lower than developed markets, driven by cheaper land, power, and construction, making it an attractive hub for hyperscalers.
PayPal and Oracle layoffs in India and tax implications
Severance pay in India is taxed as salary income, while gratuity and leave encashment may qualify for tax exemptions, subject to specific limits and conditions.
Syed Akbaruddin, a former diplomat appointed as part-time RBI director
Former Indian diplomat Syed Akbaruddin has been appointed as a part-time non-official director on the Central Board of the Reserve Bank of India (RBI).
Netherlands moves 86 tons of gold from US, Canada
The Dutch central bank (DNB) has shifted 86 tons of gold from the US and Canada to London. The transfer took several months and was prompted by "increasing geopolitical unrest."
HSBC India Services PMI rises to 54.1 in August 2026
India's services sector expanded at a faster pace in August, with the HSBC India Services PMI rising to 54.1, while employment growth hit a 15-month high.
ByteDance secures $30B loan amid AI spending push
ByteDance, the Chinese tech giant behind TikTok, has bagged a massive $29.6 billion loan. The move marks Asia's second-largest dollar-denominated borrowing this year.
India seeks FTAs to tap about 75% of world trade
India is advancing free trade agreements with key global partners, aiming for preferential access to 75% of global trade at rates better than competitors.
El Nino, biofuels and energy costs raise global food prices
Global food commodity prices are soaring due to El Niño's adverse weather effects and supply chain disruptions, tightening stocks and driving inflation risks worldwide.
Drivers, riders stranded mid-trip after Uber abruptly exits Nigeria, Uganda
Ride-hailing giant Uber triggered widespread chaos across Nigeria and Uganda after switching off operations with immediate effect on Wednesday, reportedly stranding drivers and passengers mid-journey.
Boeing fined $3.1M by US aviation regulator over safety violations
Boeing has been slapped with a $3.1 million fine by the US Federal Aviation Administration (FAA) for a series of safety violations.
Bernstein: AI may reduce India white-collar job openings and wages
Artificial intelligence adoption in India may boost productivity but reduce net new white-collar job creation within three to four years, warns Bernstein's Venugopal Garre.
ByteDance secures $29.6 billion loan commitment amid strong lender demand
ByteDance has obtained a $29.6 billion loan, marking Asia's second-largest dollar-denominated borrowing this year, driven by strong lender interest and AI expansion plans.
Netweb Technologies shares gain nearly 5% after almost 45% rise
Netweb Technologies shares have soared nearly 45% over the past six months, with the IT stock hitting an intraday high of ₹5,349.50 on September 3.
India's services growth picks up but stays near 4-year low
India's services sector witnessed a minor uptick in August, according to the latest Purchasing Managers' Index (PMI) data from S&P Global.
7.8% or 2.6%? What is behind India's GDP data controversy
The Indian government has clarified the revisions to its Gross Domestic Product (GDP) estimates, following a claim by former Finance and Economic Affairs Secretary Subhash Chandra Garg.
Maharashtra clears 1 Tata trust for Tata Sons chair search
Tata Trusts received relief from a regulatory probe, enabling it to resume internal meetings and nominate a member to the panel selecting the next Tata Sons chairman.
Amazon, Meesho to hire over 11.6L seasonal workers across India
Amazon is creating 1.6 lakh seasonal roles across India, while Meesho plans to add 10 lakh job opportunities in its seller and logistics ecosystem ahead of the festive season.
Hexaware shares fall 4% as CEO Srikrishna Ramakarthikeyan steps down
Hexaware Technologies' stock dropped 4% on NSE after CEO Srikrishna Ramakarthikeyan announced his resignation, effective October 28, 2026, following a 12-year tenure.
Prasol Chemicals sets ₹643-676 band for ₹500cr IPO
Prasol Chemicals Ltd has set its IPO price band at ₹643-676 per share for its ₹500-crore issue, opening on September 8 and closing on September 10.
Trump imposes 100% tariffs on foreign-made drones
The United States has imposed new tariffs of up to 100% on drones and certain components. The move is part of Washington's effort to reduce its reliance on imports in an industry dominated by China.
India's services sector rebounds in August 2026, HSBC PMI 54.1
India's services activity rose to 54.1 in August, marking its first improvement in three months, while manufacturing slipped to a five-year low, highlighting sectoral divergence.
Milky Mist stock jumps 27% to ₹268.75 after Q1FY27 results
Milky Mist shares have soared over 25% in three sessions, driven by robust Q1FY27 results showcasing an 889.81% YoY profit surge and strong revenue growth.
PayPal lays off 600 employees in India
PayPal has laid off around 600 employees in India as part of a global workforce restructuring to cut costs.
For the 1st time Microsoft reveals Azure revenue of $29.4B
Microsoft disclosed Azure's quarterly and annual sales for the first time, reporting $29.4 billion last quarter and $101.9 billion for its fiscal year ending June 30, 2026.
US imposes up to 100% tariffs on drones and parts
The United States has implemented tariffs of up to 100% on drones and components, targeting Chinese imports to address national security concerns and boost domestic production.
Indian rupee strengthens to 94.2713 after RBI secures $136 billion
India's rupee surged to 94.27 per USD as the Reserve Bank of India secured a record $136 billion through specialized programs, bolstering currency defense.
Sensex rebounds 314 as Nifty tops 24,000 amid inflows
Sensex rose 314 points and Nifty reclaimed 24,000 on Thursday, driven by positive global cues, FII buying momentum, and a dip in crude oil prices.
Jensen Huang urges India to act fast on AI economy
Nvidia CEO Jensen Huang emphasized India's potential to lead in AI by leveraging its robust IT sector, urging swift action to build a thriving domestic AI ecosystem.
Trump supports OpenAI in copyright fight with New York Times
The Trump administration has contributed a 20-page brief in support of OpenAI, the company behind ChatGPT.
Indian stocks rally as Sensex jumps 278.63 points to 76,848.98
The Sensex rose 278.63 points to 76,848.98, while the Nifty gained 83.50 points to trade at 23,997.95 in early trade, driven by broad-based buying across key sectors.
Tata Sons to invest over ₹10,000cr in Air India
Tata Sons' board has approved a capital infusion of over ₹10,000 crore into Air India. This is one of the largest investments in the airline since its ₹18,000-crore acquisition in 2021.
Google doesn't have to sell off its ad tech business
A US District Court judge has rejected the Justice Department's request for Alphabet Inc. to sell off its advertising exchange, AdX.
Sensex jumps 244.38 as RBI swap brings $127 billion inflows
Benchmark indices opened higher on Thursday, with Sensex gaining over 200 points and Nifty nearing the 24,000 mark, driven by strong performance in banking stocks.
India's rupee up 47 paise to 94.26 per dollar
The Indian rupee rallied 47 paise to open at 94.26 against the US dollar, driven by $136.38 billion in foreign-currency inflows and supportive global currency trends.
Sensex up 188.25 to 76,758.60 as markets open higher
Indian stock indices Sensex and Nifty opened higher on Thursday after three days of losses, as elevated oil prices and Middle East tensions kept recovery prospects fragile.
Meesho shares: 8 crore sold for ₹1,650.4cr, buyer unknown
Meesho witnessed a major block deal on September 3, with 8 crore shares worth ₹1,650 crore traded at an average price of ₹206 per share.
BRICS seek digital currency links to reduce US dollar reliance
BRICS nations are exploring linking digital currencies and payment systems like UPI and Pix to enhance cross-border payments and reduce dollar dependence.
Rupee jumps to 94.30 per US dollar after $127B inflows
The Indian rupee surged 67 paise to open at 94.30 per dollar, driven by a $127 billion foreign-currency mobilisation, strengthening the RBI's ability to stabilize the currency.
Arcil IPO at ₹132-₹139 is an offer for sale
Asset Reconstruction Company (Arcil) has set its IPO price band at ₹132–₹139 per share, with the subscription period running from 9 to 11 September.
Tata Sons granted in-principle over ₹10,000cr infusion for Air India
Tata Sons' board approved a ₹10,000 crore capital infusion into Air India, subject to business case conditions, marking its largest commitment since acquiring the airline in 2021.
Anthropic rebuilds ties with Trump administration after judge ruling
Anthropic is mending ties with the Trump administration after a Pentagon clash over AI use, following a favorable court ruling and renewed dialogue at a G20 tech event.
Three men arrested over ₹2.20cr company WhatsApp CEO impersonation scam
Pimpri-Chinchwad police arrested three men for allegedly cheating a company of ₹2.20 crore by creating a fake WhatsApp account impersonating its CEO and directing fund transfers.
Rekha Gupta's government clears Ease of Doing Business Bill 2026
The Delhi government has approved the Ease of Doing Business Bill, 2026, introducing a single-window system for faster approvals and reducing compliance burdens for enterprises.
ICICI Bank buys 2% in ICICI Prudential Life for ₹1,470cr
ICICI Bank has acquired an additional 2% stake in ICICI Prudential Life Insurance from joint venture partner Prudential plc for ₹1,470 crore, raising its shareholding to 52.8%.
Glass Wall Systems IPO priced ₹172-₹182 with ₹60 cr issue
Glass Wall Systems has set its IPO price band at ₹172-₹182 per share. The issue opens on 8 September and includes a fresh issue of ₹60 crores and an OFS.
Persistent Systems plans $1.25B raise after €1.27B Nagarro acquisition
Persistent Systems' board has approved a $1.25 billion fundraise through debt and equity instruments, following its recent acquisition of Nagarro SE for €1.27 billion.
Pakistan returns to dollar bond market with $3 billion sale
Pakistan secured $3 billion through a two-part junk bond sale, offering five-year and 10-year notes, following recent credit rating upgrades by Moody's and S&P Global Ratings.
Kwick Forensic Solutions debuts on BSE SME after ₹50.77cr IPO
Kwick Forensic Solutions is set to debut on the BSE SME platform today, with its shares trading at an 87% premium in the grey market, signaling strong investor enthusiasm.
Oil falls after US strikes on Iran Brent $95.20
Oil prices dipped as renewed US-Iran military strikes raised concerns over Middle East crude supply disruptions, with Brent crude settling at $95.20 and WTI at $90.77 per barrel.
Japan services PMI 52.5 in August, new export orders fall
Japan's services sector expanded at its fastest pace in five months in August, with the PMI rising to 52.5, driven by stronger domestic demand and increased new business activity.
India's banks hold ₹7.76L/cr surplus on $127bn forex inflows
India's banking system liquidity surplus soared to ₹7.76 lakh crore, the highest in over four-and-a-half years, driven by record $127 billion forex-inflow programs.
Broadcom raises AI chip revenue forecast to $115 billion
Broadcom projects AI chip revenue to hit $115 billion by fiscal 2027, driven by surging demand from tech giants like Meta, Google, and OpenAI for advanced AI infrastructure.
PayPal lays off about 600 Indian staff across 3 cities
PayPal has laid off approximately 600 employees across its Indian offices as part of a global workforce restructuring aimed at reducing costs and enhancing operational efficiency.
Outsourcing and GCCs favor domain experts amid agentic AI
Domain experts are emerging as strong contenders for top roles in IT and GCCs, as agentic AI bridges the gap between industry expertise and traditional tech skills.
August 2026 record IPO subscriptions, Hy-Tech Engineers 244.41x, 23 listings
August 2026 witnessed a historic IPO subscription spree, with 10 of 23 issues receiving bids over 100 times, marking the highest monthly tally since 2006.
Snowflake shares surge 22% after-hours following strong Q2 results
Snowflake Inc.'s shares soared 22% in after-hours trading following robust Q2 results, improved third-quarter guidance, and an upward revision of full-year revenue projections.
Subhash Chandra pushes back against tribunal order amid NCLAT review
Zee Group founder Subhash Chandra has contested the validity of an NCLT order, questioning the tribunal's authority to form a five-member special bench.
OpenAI NVIDIA and Anthropic urge G20 for lighter AI rules
Top AI executives joined Trump officials at the G20 Innovation Ministerial, urging world leaders to adopt a hands-off approach to regulation and prioritize global AI adoption.
Payward delays Kraken IPO until at least 2nd quarter 2027
Payward, Kraken's parent company, has postponed its IPO to Q2 2027 due to challenging market conditions, extending the wait for one of crypto's most anticipated public debuts.
Delivery Hero boards approve Uber's $15B offer, could double footprint
Delivery Hero’s board approved Uber's $15 billion acquisition offer, recommending shareholder approval to create one of the largest global food delivery platforms outside China.
India seeks critical minerals from US UK and EU partners
India is engaging with the UK, EU, and US under critical mineral partnerships to secure resilient supply chains and reduce dependency on single geographies for essential resources.
India and EU deepen cooperation on tech, AI and trade
India and the European Union are fostering stronger collaborations in fintech, artificial intelligence, and startups, aiming to deepen their economic and technological partnership.
India's credit card spending surges while banks' interest income falls
India's credit card boom is squeezing bank profits as customers shift from revolving credit to payments, slashing interest-bearing balances and compressing margins.
Chevron invests over $7 billion to expand Venezuelan oil output
Chevron will invest over $7 billion in Venezuela to double oil production to 600,000 barrels per day within five years, leveraging joint ventures and enhanced agreements.
American Airlines upgrades 777-300ERs with Flagship Suite, 144 premium seats
American Airlines is upgrading its Boeing 777-300ER fleet, adding more premium seats and eliminating first class to cater to high-spending travelers on long-haul routes.
Gold gains 1.1% to $4,376.41 ahead of US jobs report
Gold prices climbed 1.1% after hitting a near one-month low, as the U.S. dollar and Treasury yields eased from recent highs ahead of key U.S. payroll data.
Karnataka clears ₹29,679cr investments to create around 66,360 jobs
Karnataka's High-Level Clearance Committee, led by CM D K Shivakumar, approved ₹29,679 crore worth of projects expected to generate 66,360 jobs across various sectors.
Zerodha's merchant banking license approved by SEBI: What's next?
Indian stock brokerage firm Zerodha has received approval from the Securities and Exchange Board of India (SEBI) to enter the merchant banking sector.
Uber is firing 10% of its global workforce
Uber has announced a massive restructuring plan that will see around 3,300 jobs, or 10% of its global workforce, being cut.
NIACL, IFCI shares jump 12% on NSE IPO buzz
The National Stock Exchange (NSE) is reportedly gearing up to launch its initial public offering (IPO) this month.
You can now watch micro-dramas on the Flipkart app
Walmart-owned Flipkart is launching a new feature on its app, introducing micro-dramas.
Why India's LPG consumption hit 6-month high in August
India's liquefied petroleum gas (LPG) consumption hit a six-month high in August 2026, according to official data.
India's soyoil imports touch record high: What's the reason?
India's edible oil imports surged in August, with soyoil hitting a record 601,000 tons and palm oil reaching a six-month high.
Why Japan has upgraded India's sovereign credit rating to 'A-'
The Japan Credit Rating Agency (JCR) has upgraded India's sovereign credit rating by one notch to 'A-' from 'BBB+.'
Flipkart loses 2 more VPs
Walmart-backed e-commerce giant Flipkart has witnessed another round of senior-level exits, with two Vice Presidents (VPs) resigning from their positions.
Cognition AI to raise $1B at $47B valuation
Cognition AI, an artificial intelligence coding start-up, is on the verge of closing a new funding round that could push its valuation to around $47 billion.
Amul is now strongest dairy brand in the world
Amul has been named the world's strongest dairy brand by Brand Finance, a brand valuation consultancy.
This data center operator is planning $1.5B IPO in India
Yotta Data Services, a leading data center operator backed by the Hiranandani Group, is gearing up for an initial public offering (IPO) in the January-March quarter of 2027.
Taiwan's companies to invest another $20B in US
Taiwanese companies are planning to invest an additional $20 billion in the United States, driven by the growing demand for artificial intelligence (AI) applications.
NCLAT to hear Subhash Chandra's insolvency case on October 7
The National Company Law Appellate Tribunal (NCLAT) has postponed the insolvency proceedings against Zee Entertainment Enterprises founder Subhash Chandra to October 7.
When will Tata Sons announce its next chairman?
The search for a new Chairman of Tata Group has hit a snag due to regulatory hurdles.
Axis Bank now lets you set personal UPI transaction limits
Axis Bank has launched a new feature, called UPI Limit Management, that lets customers set their own transaction limits for different categories of Unified Payments Interface (UPI) transactions.
Deepa Jewellers IPO fully subscribed, GMP points to 23% gain
The initial public offering (IPO) of Deepa Jewellers has been fully subscribed on the second day of bidding.
Sensex tanks over 600 points: What's behind today's deline?
India's benchmark equity indices fell sharply on Wednesday, mirroring the trend in global markets.
Oil prices soar to $96 as US-Iran tensions escalate
Oil prices climbed on Wednesday amid escalating Middle East tensions following recent US strikes on Iranian targets and reported retaliatory action by Tehran against US allies.
Apple's new CEO John Ternus gets $58M pay package
Apple has announced the pay packages for its new CEO, John Ternus, and executive chairman, Tim Cook.
India's current account deficit in Q1 FY27 surges to $4.2B
India's current account deficit (CAD) widened to $4.2 billion in the first quarter of FY27, up from $3.4 billion during the same period last year.
Meet Bombay Creamery, Reliance's answer to Kwality Wall's ice cream
Reliance Consumer Products Limited (RCPL), the fast-moving consumer goods (FMCG) division of Reliance Industries Limited, has launched a new ice cream brand called Bombay Creamery.
Whatfix's co-founder and CEO Khadim Batti passes away at 49
Khadim Batti, the co-founder and CEO of Whatfix, has passed away at the age of 49 due to cardiac arrest.
India's bank unions are planning a strike on September 11
The United Forum of Bank Unions (UFBU), which claims to represent over 90% of the banking workforce in India, has announced a nationwide strike on September 11.
You can soon perform agentic payments through UPI
India is gearing up to introduce a framework that will enable artificial intelligence (AI) agents to make small digital payments without needing approval for each transaction.