Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Leadership change at SoftBank Group: Who will succeed Masayoshi Son?
Masayoshi Son, the CEO of SoftBank Group Corp., has indicated his readiness to eventually hand over the reins of the company.
Flipkart is using videos, livestreams to boost sales
Walmart-backed Flipkart is leveraging social videos and livestreams to win over young Indian consumers.
Rapido to use three-tier delivery pricing for its food service
Rapido, one of India's leading bike taxi services, is gearing up to enter the food delivery sector.
FPIs pull over $1B from Indian debt securities in June
Foreign portfolio investors (FPIs) withdrew over $1.06 billion from Indian debt securities in June, following a massive outflow of $3.03 billion in April.
Is Jeff Bezos trying to leverage fallout between Trump, Musk?
Jeff Bezos, the founder of Amazon and space exploration company Blue Origin, is reportedly trying to leverage the recent fallout between President Donald Trump and Elon Musk.
Intel to shut down automotive unit, lay-off majority of staff
Intel will shut down its automotive business and lay off the majority of its employees in that segment.
Musk fires Tesla's head of operations amid declining sales
Elon Musk has fired Omead Afshar, Tesla's head of manufacturing and operations for North America and Europe.
As AI steals traffic, Google offers publishers a revenue lifeline
Google has launched a new tool, Offerwall, to help publishers generate revenue amid declining traffic due to its AI search features.
Air India crash triggers surge in therapy requests from travelers
The recent Air India plane crash in Ahmedabad has triggered a wave of panic among Indian flyers.
Amazon's anti-counterfeit team helped company secure over $180M in penalties
Amazon's Counterfeit Crimes Unit (CCU) has helped the company secure over $180 million in court-ordered penalties and 65 criminal convictions worldwide.
HDFC Bank cuts FD interest rates: 2nd revision in June
HDFC Bank has reduced the interest rates on select fixed deposit (FD) tenures by 25 basis points (bps), effective from June 25.
NATO's defense spending boost sparks rally in these Indian stocks
The North Atlantic Treaty Organization (NATO) leaders have pledged to increase their defense spending, a move that has led to a rally in Indian defense stocks.
Bezos-Sanchez's wedding: 90 private jets to arrive in Venice
Founder of Amazon, Jeff Bezos, and his journalist fiancée, Lauren Sanchez, have arrived in Venice for their upcoming wedding.
Noida-based drone maker Raphe mPhibr secures $100M funding
Noida-based defense-tech and aerospace start-up, Raphe mPhibr, has raised $100 million in a funding round led by General Catalyst.
India's digital consumer market to surpass $1 trillion by 2030
India's digital consumer market is expected to surpass the $1 trillion mark by 2030, a new report from Bessemer Venture Partners has said.
No more dropped calls on trains, UK aims for fix
Network Rail, the government-owned body responsible for Britain's railway infrastructure, has announced a major project to eliminate mobile phone blackspots on key railway lines and tunnels by 2028.
PhonePe enters co-branded credit card space with HDFC Bank
In a strategic move, PhonePe and HDFC Bank have launched the 'PhonePe HDFC Bank Co-branded Credit Card' on the RuPay network.
India approves Mounjaro KwikPen for diabetes and obesity treatment
Eli Lilly has received regulatory approval from the Central Drugs Standard Control Organization (CDSCO) for its diabetes and weight-loss drug, Mounjaro.
Authors sue Microsoft for using their books to train AI
A group of authors has filed a lawsuit against Microsoft, accusing the tech giant of using their books without permission to train its Megatron artificial intelligence model.
SEBI fines BSE ₹25L for unequal access to corporate disclosures
The Securities and Exchange Board of India (SEBI) has imposed a fine of ₹25 lakh on the Bombay Stock Exchange (BSE).
NVIDIA just became the world's most valuable company
NVIDIA has become the world's most valuable company, overtaking tech giants Microsoft and Apple.
Billionaires' wealth increased by $6,500B in the last 10 years
The wealth of the world's 3,000 billionaires has increased by a staggering $6,500 billion (£4,800 billion) in real terms over the last decade, according to a report by the NGO, Oxfam.
Iyo v/s Io: Altman reveals how the trademark dispute unfolded
Sam Altman, the CEO of OpenAI, has publicly shared private conversations leading up to a lawsuit against his company.
Is Shell planning an $80B takeover of BP?
British multinational oil and gas company Shell has reportedly denied being in early-stage talks to acquire rival British Petroleum (BP) in a potential mega-merger, despite earlier reports suggesting otherwise.
Panasonic stops selling washing machines, refrigerators in India: Here's why
Panasonic is downsizing its consumer electronics business in India, exiting unprofitable categories such as refrigerators and washing machines.
Meta wins AI copyright lawsuit—but fair use boundaries remain uncertain
A US District Court judge has dismissed a copyright infringement lawsuit against Meta, the parent company of Facebook.
Dating app Bumble has laid off 30% of its workforce
Bumble, the popular dating app, has announced a major round of layoffs. The company will be parting ways with around 240 employees, which is nearly 30% of its global workforce.
Cognizant to invest ₹1,500cr in Andhra Pradesh, create 8,000 jobs
IT giant Cognizant has announced plans to establish a new campus in Andhra Pradesh.
You can now buy Delhi Metro tickets on Rapido
In a major development for urban mobility in the National Capital Region (NCR), Rapido has partnered with the Delhi Metro Rail Corporation (DMRC) and the Open Network for Digital Commerce (ONDC).
Sunjay Kapur wanted a 'blended' family; had created 10-year plan
Sunjay Kapur, who recently died in a freak accident, had spoken about a "10-year plan" for his future.
This is Mukesh Ambani's vision for Reliance Industries
Mukesh Ambani, Chairman of Reliance Industries, has opened up about his plan for the company in an interview with McKinsey.
After Sunjay Kapur's death, wife Priya joins Sona Comstar board
Sunjay Kapur, the chairman of Sona Comstar and a prominent figure in the automotive technology industry, died at the age of 53 earlier this month.
This was the 'biggest risk' of Mukesh Ambani's life
Mukesh Ambani, the billionaire industrialist and Chairman of Reliance Industries, has called the launch of Reliance Jio in 2016 as the "biggest risk" of his life.
Provident fund online claim rules changed: How it affects you?
The Employees' Provident Fund Organisation (EPFO) has simplified its online claim process by removing the requirement of uploading a scanned image of a cheque or bank passbook.
Apple dominates India's PC and tablet market in Q1 2025
Apple has become the second-largest tablet brand in India. It recorded a 27% year-on-year increase in its market share, which now stands at 16%.
Railway stocks in India are jumping today: What's fueling rally?
Stocks of railway companies saw an uptick in today's trading session.
Why CEO Huang offloaded NVIDIA shares worth almost $15M
Jensen Huang, the CEO of NVIDIA Corporation, has sold 100,000 stocks of the company.
Lenskart to file DRHP publicly in July, eyes $1B IPO
Lenskart, the leading omnichannel eyewear maker in India, is likely to skip the confidential filing route for its initial public offering (IPO).
Telecom stocks are up 19% today: Here we decode why
Telecom shares, including MTNL, Vodafone Idea, and Bharti Airtel, witnessed a major rally today. The surge was mainly due to positive market sentiment after the Israel-Iran ceasefire.
Microsoft mulls 4th major layoff round in 18 months
Microsoft is preparing for another round of layoffs, this time targeting its Xbox division.