Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Swiggy increases platform fee to ₹14 to boost profits
Swiggy, a leading player in the food delivery industry, has increased its platform fee for every order to ₹14.
BSNL's 4G services now available in Delhi
Bharat Sanchar Nigam Limited (BSNL) has initiated the launch of its 4G mobile services in Delhi.
Search.com beats Perplexity with $35B bid for Google Chrome
Perplexity's $34.5 billion bid to acquire Google Chrome has been outbid by generative AI search platform, Search.com.
Made-in-India chips will hit the market by 2025-end: PM Modi
Prime Minister Narendra Modi has announced that India will launch its own semiconductor chips by the end of 2025.
Trump to lay off 300,000 federal employees this year
The Trump administration is planning to cut some 300,000 federal jobs this year, according to Scott Kupor, the new head of human resources.
SBI cuts MCLR: Here's how your EMIs may change
The State Bank of India (SBI) has announced a reduction in its marginal cost of funds-based lending rate (MCLR) for select tenures.
Who is Abhijit Kishore, new CEO leading Vodafone Idea's revival?
Vodafone Idea (Vi) has announced the appointment of Abhijit Kishore as its new Chief Executive Officer (CEO).
US producer inflation surges in July, hits 3-year high
US producer price inflation surged in July, reaching its highest level in three years. The increase was largely driven by rising costs of services, particularly trade services.
Modi launches ₹1T employment scheme, ₹15,000 incentive for first-time jobholders
On India's 79th Independence Day, Prime Minister Narendra Modi launched the new employment scheme called the Pradhan Mantri Viksit Bharat Rojgar Yojana (PM-VBRY).
India's merchandise trade deficit widens to $27B in July
India's merchandise trade deficit widened significantly to $27.35 billion in July, from $18.78 billion in June, provisional data from the commerce ministry showed on Thursday.
India's credit rating raised to 'BBB': What does it mean?
S&P Global, a leading credit ratings agency, has upgraded India's long-term unsolicited sovereign credit ratings from 'BBB-' to 'BBB.'
EPFO eases Aadhaar-UAN linking and correction process for members
The Employee' Provident Fund Organization (EPFO) has simplified the process of linking Aadhaar with Universal Account Number (UAN) and correcting any discrepancies between the two.
SBI launches ₹4L collateral-free loan scheme for Agniveers
The State Bank of India (SBI) has launched a special personal loan scheme for Agniveers, the young men and women recruited under the government's short-term Agnipath program.
Soon, you'll be able to update Aadhaar via new app
The Unique Identification Authority of India (UIDAI) is working on a new mobile app called "e-Aadhaar."
DGCA warns Air India over pilots working beyond allowed hours
The Directorate General of Civil Aviation (DGCA) has issued a warning to Air India over violations of flight time regulations.
Wipro, Warburg in talks to buy Harman's India unit
Global private equity firm Warburg Pincus and Wipro Technologies are in advanced negotiations to acquire the digital transformation solutions (DTS) business of US-based audio and connected technologies company Harman in India.
India's July trade deficit widens to $27B as imports surge
India's merchandise trade deficit widened sharply to $27.35 billion in July, from $18.78 billion in June, provisional data from the commerce ministry showed on Thursday.
India launches nationwide survey to update key economic indicators
The Indian government has launched a nationwide survey to update its key economic indicators.
Modi government to invest ₹47,000cr to boost BSNL network
The Department of Telecommunications (DoT) has announced a massive capital expenditure plan of nearly ₹47,000 crore to expand and upgrade the Bharat Sanchar Nigam Limited's (BSNL) network.
India set to become world's top consumer market: Morgan Stanley
India is on track to become the world's most sought-after consumer market, according to a new report by Morgan Stanley.
Government expands Delhi Milk Scheme with new cow milk products
The Indian government has expanded its dairy offerings in the Delhi-NCR region by launching new cow milk products and co-branded items under the Delhi Milk Scheme (DMS).
Cognizant to give hikes to 80% eligible employees from November
Cognizant, a leading IT services company, has announced salary hikes for around 80% of its eligible employees.
Vietnam makes its 1st US oil purchase of the year
Vietnam's Binh Son Refining and Petrochemical (BSR) has made its first US oil purchase of the year, buying one million barrels of West Texas Intermediate (WTI) crude for delivery in November.
India's wholesale inflation hits 25-month low of -0.58% in July
India's wholesale inflation rate has eased month-over-month, falling to -0.58% in July from -0.13% in June.
Starting October, banks will clear your checks within hours
The Reserve Bank of India (RBI) will launch a new system to clear checks within hours, starting October 4, 2025.
Bitcoin now fifth biggest asset, beats Google with $2.46T m-cap
Bitcoin has surpassed Google's parent company Alphabet in market capitalization, according to data from coinmarketcap and companiesmarket cap.
Bitcoin hits record $124,000 thanks to Trump's crypto-friendly rule
Bitcoin has hit a new all-time high, reaching $124,002.49 in early Asia trading on Thursday. The world's largest cryptocurrency by market capitalization surpassed its previous peak reached in July.
Trump's 50% tariff could slash India's US exports by $65B
India could see a major hit of $65 billion in merchandise exports to the US, due to President Donald Trump's recently announced 50% tariff.
ICICI Bank withdraws ₹50,000 balance rule: Check the new minimum
ICICI Bank has withdrawn its minimum balance requirement of ₹50,000 for new savings accounts. The decision comes after widespread criticism from customers.
xAI co-founder quits to launch an AI safety firm
Igor Babuschkin, the co-founder of Elon Musk's artificial intelligence (AI) start-up xAI, has announced his departure from the company.
You can now order food from Rapido in Bengaluru
Rapido, a popular ride-hailing platform, has launched its food delivery service 'Ownly' in Bengaluru.
Uber has stopped charging commission from drivers in Delhi
Uber has introduced a new feature in its driver app, called 'Driver Pass.'
This crypto share surged 200% after Peter Thiel's surprise investment
A little-known biotech firm, 180 Life Sciences Corp, has become the talk of the town after its surprise pivot into cryptocurrency.
US: Court denies Musk's attempt to dismiss OpenAI's harassment claims
A US District Judge has rejected Elon Musk's request to dismiss OpenAI's allegations of a "years-long harassment campaign."
Why Canada's largest airline is canceling its flights
Air Canada has started canceling flights in a phased manner, starting from tomorrow.
Wipro and Google Cloud have joined hands: Here's why
Wipro, a leading technology services and consulting firm, has partnered with Google Cloud to create 200 generative artificial intelligence (AI) agents.
SBI hikes charges for IMPS transactions: How it affects you?
The State Bank of India (SBI) has announced a revision in the charges for Immediate Payment Service (IMPS) transactions.
IRCTC Q1 profit rises 7.4% to ₹331cr, revenue up 12%
Indian Railway Catering and Tourism Corporation (IRCTC) has reported a year-on-year rise in its consolidated net profit for the June quarter.
Ethereum outshines Bitcoin and peers with 41% monthly surge
Ethereum (ETH) has outperformed the broader cryptocurrency market with a whopping 41% surge in the last month.
$30,000 worth of stolen Labubu dolls recovered in California
The Chino Police Department in Southern California has successfully recovered Labubu dolls worth nearly $30,000 that were stolen from a warehouse.