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KOSPI edges up 0.18% but set for 3rd weekly drop
South Korean stocks oscillated on Friday as investors evaluated U.S. corporate earnings and AI-related spending, with the KOSPI poised for a third consecutive weekly decline.
Sensex falls below 78,700 as oil gains make investors cautious
Indian stock markets opened lower as rising oil prices, driven by Strait of Hormuz tensions, weighed on investor sentiment. Sensex fell over 200 points, with Nifty nearing 24,600.
Rupee opens at 95.28 after oil surge raises dollar demand
The Indian rupee opened 6 paise weaker at 95.28 per US dollar, driven by surging crude oil prices and geopolitical tensions in West Asia impacting India's inflation outlook.
Rapido's Ownly and Flipkart enter delivery market against Swiggy Zomato
India's food delivery market is heating up as new players like Rapido's Ownly and Flipkart challenge Swiggy and Zomato, aiming to capture the next 100 million online users.
China's exports soar 24% in July, driven by AI, EVs
China's exports witnessed a 23.9% surge in July, beating expectations and maintaining the momentum from June's significant rise.
Optimystix Entertainment opens ₹108.5cr IPO on NSE SME platform
Optimystix Entertainment's ₹108.5-crore IPO launches on the NSE SME platform today, August 7, with a price band of ₹166-₹175 per share and a grey market premium of 3%.
AMD to buy Toronto startup Taalas to boost AI inference
AMD has acquired Toronto-based chip startup Taalas to enhance its AI inference technology, aiming to compete in the growing market for real-time, cost-efficient AI deployments.
Rupee opens at 95.28 per US dollar amid rising crude
The Indian rupee opened 6 paise lower at 95.28 against the US dollar, as rising crude oil prices heightened concerns over inflation and widened trade deficits.
HSBC sells Tokyo HQ to Mitsubishi unit, leases until 2029
HSBC has sold its Tokyo headquarters to Mitsubishi HC Capital and will relocate to a new complex near Tokyo Station, set for completion in 2029.
Encube Ethicals founder Mehul Shah buys Juhu apartment for ₹106.52cr
Mehul Madhusudan Shah, founder of Encube Ethicals, purchased a ₹106.52 crore luxury apartment in Juhu's Lodha Avalon Tower A, located on the former Centaur Hotel plot.
Indian markets close higher as Sensex rises 374 to 78,955
Indian equity benchmarks are poised for a subdued opening on Friday, as cautious global cues and rising crude oil prices weigh on investor sentiment ahead of US payroll data.
Fusion Klassroom Edutech lists on BSE SME after 1.5x oversubscription
Fusion Klassroom Edutech's Rs 39.04-crore IPO, subscribed 1.50 times, debuts on the BSE SME platform today with no grey market premium (GMP), signaling a flat market opening.
China exports surge 23.9% in July, $112.5 billion surplus
China's exports rose 23.9% in July, driven by AI-related electronics and electric vehicles, despite disruptions from Typhoon Bavi impacting major ports in eastern China.
Australian AI firmus secures $2 billion from NVIDIA and Blackstone
Firmus raised $2 billion in equity, boosting its valuation to over $10.5 billion, with backing from Nvidia and Coatue to expand AI infrastructure in Asia-Pacific.
Bitcoin slips to $64,358 amid tight $64,000 to $65,000 range
Bitcoin traded near $64,358 on August 7, facing selling pressure at $65,000 as cautious market sentiment and macroeconomic factors limited upward momentum.
OpenAI's Marc Manara says Indian startups prioritize AI cost management
Indian startups focus on optimizing AI costs earlier than Silicon Valley counterparts, especially in consumer-facing sectors, says OpenAI's global head of startups Marc Manara.
Nxtra Data to buy up to 85% of 2 firms
Nxtra Data, Bharti Airtel's data centre arm, is acquiring 85% stakes in Rochak Systems and Rovision Tech Hub to boost its capacity from 120 MW to 1 GW in coming years.
US announces 15% tariff on Indian solar cells and modules
The US has introduced a 15% tariff on imported solar cells and modules, effective December 4, with no exemptions for Indian exporters despite their growing market presence.
Amit Joshi sees AI infrastructure driving India's next wealth wave
Amit Joshi highlights AI infrastructure as India's key investment opportunity, emphasizing its role in powering the global AI ecosystem beyond software-driven growth.
SBI Q1 results expected NII 11.5% to 45,800cr profit 30,000cr
India's largest lender, State Bank of India (SBI), is set to announce its June quarter results today, with steady growth, stable asset quality, and margins being key focus areas.
EPFO warns inactive provident fund accounts stop earning interest
The EPFO urges members to withdraw their EPF savings within prescribed timelines to prevent interest loss, emphasizing timely action for effective retirement fund management.
Oil prices rise Friday as Strait of Hormuz worries grow
Brent crude climbed to $83.48 per barrel as Iran proposed restricting hostile vessels in the vital Strait of Hormuz, fueling concerns over global oil supply disruptions.
Bengaluru startup Voxelgrids saved by Tata Trusts and Sridhar Vembu
Voxelgrids, India's first indigenous MRI machine maker, survived MNC takeover threats during COVID-19 thanks to crucial funding from Tata Trusts and Zoho founder Sridhar Vembu.
US sets 15% tariff, minimum prices for polysilicon imports
The White House announced price floors and a 15% tariff on polysilicon products, aiming to strengthen U.S. solar and semiconductor supply chains against Chinese competition.
Asian markets volatile as investors await US July jobs report
Asian shares fluctuated amid investor caution, with attention focused on Friday’s US jobs report. Treasury yields held steady, while oil prices surged on Middle East tensions.
RBI mandates 1-hour device restoration from January 1, 2027
The Reserve Bank of India has eased regulations on mobile device loans, mandating functionality restoration within one hour of payment confirmation by lenders.
India plans digital gold rules by 2027 to protect buyers
India is set to introduce a regulatory framework for digital gold next year, aiming to protect consumers and curb fraud as the market gains popularity.
Rare U.S.-Japan intervention briefly strengthened yen then it weakened
The yen has given up nearly half of its intervention-driven gains, trading around 158.45 per dollar, as traders speculate on the possibility of further market intervention.
Meta ordered to pay $567 million for harming children's mental health
A New Mexico court has mandated Meta to pay $567 million, allocating $420 million for youth mental health treatment and addressing platform-related harms to children.
SEBI launches closing auction session to improve India stock closings
Sebi's new Closing Auction Session (CAS) aims to improve closing price reliability and transparency, aligning Indian equity markets with global best practices.
India could earn $110 billion annually from processed food exports
India, with 14% of the world's arable land, misses $110 billion annually in processed-food exports due to infrastructure gaps and regulatory challenges, reveals an NCAER report.
Oil prices jump as Iran reportedly struck Hormuz targets
Oil prices rose over 1% after reports of Iranian strikes in the Strait of Hormuz, heightening concerns about restricted Persian Gulf exports and escalating regional tensions.
US layoffs fall to lowest July level in 2 years
Layoffs in July dropped 27% from June, marking the lowest level in two years, as AI-driven job cuts reshape industries without dismantling overall hiring trends.
Ashok Lahiri: India could reach $20,000 per capita by 2047
India's per capita income could grow over six times by 2047, says NITI Aayog Vice Chairman Ashok Lahiri, emphasizing investment, savings, and structural reforms.
IIT Madras startup Solinas Integrity raises $5.5 million for water infrastructure
Solinas Integrity, an IIT Madras-incubated robotics firm, raised $5.5 million in Series A1 funding to scale operations in India and expand into global markets like the Middle East.
Manipal Hospitals to add 3,000 beds over next 3 years
Manipal Hospitals plans to expand into underserved regions and explore acquisitions in key areas, focusing on integration, clinical complexity, and enhanced patient experience.
India proposes BRICS incubator network and startup innovation fund
India proposed a BRICS incubator network and startup innovation fund at the 10th BRICS Industry Ministers’ Meeting in Jaipur.
Lisa Cook warns Fed will hike rates if inflation persists
Federal Reserve Governor Lisa Cook warned she is prepared to raise interest rates if inflation remains elevated, emphasizing the urgency to restore price stability.
Paramount's $110B acquisition of Warner Bros gets UK nod
The UK government has approved Paramount Skydance's $110 billion acquisition of Warner Bros Discovery.
SoftBank bags a $10B margin loan against OpenAI stake
SoftBank Group has secured a massive $10 billion margin loan, using its stake in US tech giant OpenAI as collateral.
LIC's massive $3.3B share sale kept bankers in the dark
The Indian government has successfully raised $3.3 billion by selling additional shares of Life Insurance Corporation of India (LIC).
No HRA if one spouse gets official accommodation: Modi government
The Indian government has clarified its policy on House Rent Allowance (HRA) for central government employees.
Karnataka wants Anthropic's help to prevent fraud in government systems
Karnataka Chief Minister D K Shivakumar met a delegation from AI start-up Anthropic today.
SoftBank posts $2.2B profit in June quarter, beats estimates
SoftBank has posted a net profit of ¥347.3 billion ($2.2 billion) for the June quarter, beating analysts' expectations of ¥120.23 billion, according to LSEG estimates.
Super.money debuts shopping marketplace with no-cost EMI plans
Super.money, a fintech company backed by Flipkart, has expanded its services to include an in-app marketplace called SplitStore.
Gold jumps ₹6,400 in 3 days
Gold and silver prices have seen a significant increase for the third consecutive session on MCX.
Lok Sabha passes bill to boost foreign investments, domestic manufacturing
The Lok Sabha has passed the Taxation and Other Laws (Amendment) Bill, 2026.
Trent's profit in Q1 rises 21% YoY to ₹519cr
Tata-owned Trent Limited, a leading retail company, has reported a robust financial performance for the first quarter of the fiscal year.
Why Ola Electric is moving to a dealership model
Ola Electric has announced a major shift in its business strategy, moving away from the direct-to-consumer model it has followed for five years.
'Meritless': OpenAI wants judge to dismiss Apple's trade secrets lawsuit
OpenAI has asked a US judge to dismiss Apple's lawsuit accusing it of stealing trade secrets.
Why Google's $15B Indian data center project is facing opposition
Google's ambitious $15 billion data center project in India is facing opposition from environmentalists.
Kotak fraud case: Ex-employee used proceeds to buy BMWs
A former Deputy Vice President of Kotak Mahindra Bank, Pushpinder Singh, allegedly used embezzled funds from the Municipal Corporation of Panchkula to buy luxury cars.
ITR-6 Excel utility for AY 2026-27 released: Who should file?
The Income Tax Department has launched the Excel utility of ITR-6 for Assessment Year (AY) 2026-27.
MV Electrosystems shares list at 22% premium over IPO price
Mumbai-based MV Electrosystems made a strong debut on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) today.
Etsy lays off 12% of employees to streamline operations
Etsy, the popular marketplace for handmade and vintage items, has announced a major restructuring plan.
This bank spends $250M annually on weight-loss drugs for employees
Bank of America (BoA) is spending over $250 million annually to provide GLP-1 weight loss drugs to its employees.
NPS extends same-day investment window for faster NAV allocation
The Pension Fund Regulatory and Development Authority (PFRDA) has extended the cut-off time for same-day investment of National Pension System (NPS) contributions by two-and-a-half hours.
You can now invest in fixed deposits using PhonePe
Leading digital payments platform PhonePe has launched a new feature on its app - the ability to book fixed deposits (FDs) with partner banks and non-banking financial companies (NBFCs).
Shiprocket IPO price set at ₹92-97; issue opens August 12
Shiprocket, a logistics technology company backed by Bertelsmann, Temasek, Tribe Capital and Eternal, has fixed the price band for its initial public offering (IPO) at ₹92-97 per share.
Air India appoints Tewolde Gebremariam as new CEO
Air India has appointed Tewolde Gebremariam as its new Chief Executive Officer (CEO) and Managing Director (MD).
US pays back $100B in Trump tariff refunds
The Trump administration has refunded nearly $100 billion in tariffs it collected before the US Supreme Court declared them illegal.
When will India introduce plastic notes? RBI Governor shares timeline
The Reserve Bank of India (RBI) is gearing up to introduce plastic currency notes in the country.
Central banks bought 51 tons of gold in June: WGC
Central banks across the globe made their biggest gold purchases of the year in June, according to data from the World Gold Council (WGC).
Centre warns restaurants against levying unlawful service charges
The Indian government has warned hotels and restaurants against levying automatic service charges on customers' bills.
AMD's data center revenue doubles as gaming loses ground
AMD has reported a massive surge in its data center revenue, driven by the increasing demand for artificial intelligence (AI) capacity.
Texas halts new data center approvals over electricity grid concerns
Texas Governor Greg Abbott has halted the approval of new data centers, citing concerns over their potential impact on the state's electrical grid.
RBI holds repo rate: What it means for your FD
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.25%.
FIFA game maker goes private after $55B acquisition
Electronic Arts (EA) has officially transitioned into a private company.
Paramount-WBD merger trial scheduled for March 2027
A US District Judge has scheduled the trial for the merger between Paramount and Warner Bros. Discovery (WBD) from March 2 to March 19, 2027.
Jeff Bezos to sell $4B worth of Amazon shares
Jeff Bezos, the founder of Amazon, has filed plans to sell around 15 million shares in the tech giant.
No fuel for uninsured vehicles? SC suggests pilot project
The Supreme Court of India has directed the Central government to launch a pilot project that would deny fuel to vehicles without valid third-party insurance.
SpaceX spent $295M on Tesla Megapacks in Q2
SpaceX has made a major investment in Tesla's Megapack battery storage devices, spending $295 million in Q2 and a total of $329 million so far this year.
Anthropic signs $10B AI cloud deal with Volta
Anthropic has signed a massive $10 billion deal with AI cloud start-up Volta.
RBI keeps repo rate unchanged at 5.25%
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.25%.
SpaceX revenue doubles with Starlink and AI compute deals
SpaceX has announced a whopping 92% jump in revenue for the second quarter, its first earnings report since going public.
China's services growth slows to 10-month low
China's services sector growth has slowed down to its lowest pace in nearly a year, with the Purchasing Managers' Index (PMI) falling sharply from 54.1 in June to 50.4 in July.
Will UPI payments become chargeable? Centre moves to enable MDR
The Indian government has introduced a bill to amend the Payment and Settlement Systems Act, 2007.
FSSAI bans Old Monk for adding rum flavor to rum
The Food Safety and Standards Authority of India (FSSAI) has banned the sale of three variants of Old Monk rum. The affected variants are The Legend, Gold Reserve, and XXX Matured Rum.
RBI revises FD rules for small finance banks from October
The Reserve Bank of India (RBI) has announced new guidelines for small finance banks (SFBs) on fixed deposit (FD) interest rates and related matters.
Nazara slips into loss as Nitish Mittersain exits CEO role
Nazara Technologies, a leading online gaming company, has reported a 14% year-on-year decline in its revenue from operations for the quarter ending June 30.
Bending Spoons buys Airtable in $1.3B deal
Italian tech company Bending Spoons has announced its first acquisition since going public on NASDAQ last month.
JioBlackRock enters ETF market with Nifty 50 fund
JioBlackRock Asset Management, a partnership between Jio Financial Services and BlackRock, has launched its first exchange-traded fund (ETF) in India.
Snap shares surge after Q2 revenue beats expectations
Snap Inc has reported better-than-expected revenue and earnings for the second quarter. The company's stock jumped nearly 8% in extended trading following the news.
India to overhaul tax framework to boost manufacturing, foreign investment
The Indian government is planning a major overhaul of its tax framework, with the aim of boosting manufacturing and attracting foreign investment.
FAA certifies Boeing 737 MAX 7 after years of scrutiny
Boeing's 737 MAX 7, the smallest variant of its best-selling aircraft family, has been certified by the US Federal Aviation Administration (FAA).
LIC shares crash 9% after Centre's discounted stake sale
Shares of Life Insurance Corporation of India (LIC) have witnessed a massive sell-off on Tuesday, with a decline of nearly 9%.
Dabur banned from selling food products with '100 percent' claims
The Food Safety and Standards Authority of India (FSSAI) has banned Dabur India Ltd from selling a range of food products carrying "100 percent" claims.
Finance Ministry approves raising EPF wage ceiling to ₹25,000
The Finance Ministry has approved a proposal to raise the wage ceiling for mandatory coverage under the Employees' Provident Fund (EPF) and Employees' Pension Scheme (EPS) to ₹25,000 per month.