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Business News

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03 Jul 2025
China

US quietly reopens chip design software exports to China

The United States has lifted its export restrictions on chip design software to China, Synopsys announced on Thursday.

03 Jul 2025
Apple

iPhone maker Foxconn abruptly tells Chinese employees to leave India

In a surprising development, Foxconn has asked hundreds of its Chinese employees to leave its iPhone manufacturing facilities in India.

02 Jul 2025
Microsoft

Microsoft fires 4% of its workforce: Who are affected?

Microsoft has announced a fresh round of layoffs, impacting as many as 9,000 employees or nearly 4% of its workforce.

02 Jul 2025
IndiGo

IndiGo starts direct flights between Mumbai and Amsterdam

IndiGo, a major Indian airline, has launched direct flights between Mumbai and Amsterdam.

02 Jul 2025
Netflix

You may soon see live concerts, award shows on Netflix 

Netflix is said to be in talks with Spotify for potential collaborations on live TV events, including music award shows and concert series.

02 Jul 2025
Swiggy

After Genie, Swiggy now shutting down online storefront 'Minis'

Swiggy, a leading player in the food and grocery delivery space, is shutting down its 'Minis' online storefront platform.

02 Jul 2025
State Bank of India (SBI)

Own SBI credit card? These upcoming rules affect perks, payments

SBI Card has announced major changes in its credit card rules, effective from July 15, 2025.

02 Jul 2025
Elon Musk

Musk's X faces heat for 'Tom, Dick...' jibe at officials

Elon Musk's social media company X (formerly Twitter) is facing backlash in India over a controversial courtroom remark.

Why SEBI has joined hands with Google and Telegram

The Securities and Exchange Board of India (SEBI) is working with major social media platforms such as Google and Telegram to curb the activities of unregistered financial influencers (finfluencers).

02 Jul 2025
China

Alibaba unveils $7B subsidy plan to boost e-commerce in China

Chinese tech giant Alibaba has announced a massive $7 billion subsidy plan to boost its online retail platform.

02 Jul 2025
Jeff Bezos

Jeff Bezos just sold $737M worth of Amazon stock

Amazon founder Jeff Bezos has sold over 3.3 million shares of his company in a deal worth nearly $737 million.

Sambhv Steel's shares list at 34% premium to issue price

Sambhv Steel Tubes Ltd made a strong debut on the Indian stock market today, with its shares listing at a premium of over 34% against the issue price of ₹82.

02 Jul 2025
Apple

Apple sues ex-employee for taking Vision Pro secrets to Snap

Apple has sued Di Liu, a former senior design engineer for its Vision Pro headset, for allegedly stealing confidential research.

02 Jul 2025
IndusInd Bank

IndusInd Bank shares crash 3.5% today: Here we decode why

Shares of IndusInd Bank plunged by a whopping 3.5% today, making it the biggest loser on the Nifty index.

02 Jul 2025
GST

GST relief could lower prices on kitchenware, clothes, and shoes

The Indian government is reportedly considering a reduction in Goods and Services Tax (GST) rates for middle and lower-income households.

02 Jul 2025
China

TikTok plans layoffs in e-commerce division amid US market challenges

TikTok and its parent company ByteDance are reportedly preparing for layoffs, particularly in the e-commerce division, TikTok Shop.

02 Jul 2025
Canada

Crizac's ₹860cr IPO opens today: Should you subscribe?

Crizac, a B2B international education platform, has launched its ₹860 crore initial public offering (IPO) today.

02 Jul 2025
State Bank of India (SBI)

You can now invest in SBI's mutual funds via WhatsApp

SBI Mutual Fund has launched SmartAssist, an AI-powered conversational assistant on WhatsApp.

02 Jul 2025
Android

Google hit with $315M penalty over Android data scandal

Google has been slapped with a whopping $314.6 million penalty for allegedly harvesting data from Android phone users in California.

01 Jul 2025
Tesla

Tesla's stock price down 8% today: Here we decode why

Tesla's stock took a nosedive in early trading in the US today, falling nearly 8% to hit a day's low of $293.21 per share.

This Flipkart-backed company wants to raise ₹2,500cr via IPO

Shadowfax Technologies, a prominent Indian logistics and delivery service provider, has filed a confidential draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).

01 Jul 2025
IndiGo

IndiGo now has a direct flight to the UK

India's leading airline, IndiGo, has launched its first-ever direct long-haul flight. The new service connects Mumbai and Manchester, operating three times a week.

01 Jul 2025
Stock Market

DIIs invest ₹3.57L crore into Indian equities in H1 2025

Domestic institutional investors (DIIs), mostly mutual funds, have made a record investment in the Indian stock market in H1 2025.

01 Jul 2025
Renault

Renault faces $11B loss because of Nissan: What went wrong?

Renault, the French automotive giant, has announced a massive non-cash loss of around $11 billion on its stake in Nissan for the first half of this year.

01 Jul 2025
Swiggy

You can now order meals worth ₹99 on Swiggy

Swiggy, a leading player in the food delivery industry, has launched a new segment on its platform called the '99 store.'

01 Jul 2025
Narendra Modi

Modi government approves ₹2 trillion package for employment generation, R&D

The Union Cabinet, led by Prime Minister Narendra Modi, has approved a massive ₹2 lakh crore package for employment generation, research and development (R&D), sports policy overhaul, and highway expansion.

From PAN linking to Tatkal tickets: Key changes effective July 1

As we step into July 2025, a host of financial and travel-related rule changes are coming into effect for Indian citizens and residents.

01 Jul 2025
Apple

Apple's Mac and iPad revenue in India to hit $1.8B 

Apple is witnessing a major surge in its non-smartphone segment in India, especially with its MacBooks and iPads.

01 Jul 2025
X

Why Musk's X has taken Modi government to court

Elon Musk's social media platform X has challenged the Indian government's takedown orders in the Karnataka High Court.

01 Jul 2025
Google

Google slams EU tech laws, says innovation is being killed

Google has warned that the European Union's (EU) new tech regulations are stifling innovation, harming both businesses and consumers in Europe.

01 Jul 2025
Andy Jassy

Amazon CEO says AI will eliminate some human Jobs

Amazon's CEO Andy Jassy has said that artificial intelligence (AI) will change how companies work and lead to fewer people being required for some jobs.

01 Jul 2025
BMW

Hero Motors ups IPO size to ₹1,200 crore

Hero Motors, a leading auto components manufacturer, has refiled its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).

01 Jul 2025
Donald Trump

Trump says Japan isn't buying US rice—So he's threatening tariffs

US President Donald Trump has threatened to impose new tariffs on Japan, citing the country's refusal to import American rice.

01 Jul 2025
Microsoft

Microsoft's Chief Commercial Officer takes sabbatical amid looming layoffs

Microsoft's Chief Commercial Officer, Judson Althoff, is taking a two-month-long sabbatical from work.

01 Jul 2025
Stock Market

Raymond's share price up 8% today: Here we decode why

Raymond's share price surged over 8% during today's trade, the same day its real estate subsidiary, Raymond Realty Ltd (RRL), made its debut on the stock exchanges.

01 Jul 2025
Rapido

You can order food from Rapido starting next week

Rapido, a major player in the ride-hailing industry, is gearing up to launch its food delivery service 'Ownly' in Bengaluru.

01 Jul 2025
LPG Cylinder

LPG price cut: 19kg commercial cylinder gets cheaper by ₹59

Oil marketing companies (OMCs) have reduced the prices of 19kg commercial LPG cylinders by ₹58.50, effective today.

01 Jul 2025
Apple

Judge allows US government's antitrust case against Apple to proceed

Apple has lost its attempt to dismiss an antitrust lawsuit filed by the US Justice Department and a group of state attorneys general.

01 Jul 2025
Indian Economy

India's manufacturing growth hits 14-month high on robust demand

India's manufacturing sector has witnessed a major boost, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) hitting a 14-month high of 58.4 in June.

01 Jul 2025
Elon Musk

Elon Musk's xAI raises a whopping $10B, including $5B debt

Elon Musk's artificial intelligence (AI) start-up, xAI, has raised a whopping $10 billion in funding.