Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
FPIs end 8-week selling streak, invest ₹1,500cr across asset classes
Foreign Portfolio Investors (FPIs) have broken their eight-week-long selling streak in the Indian equity markets.
Air India Express offers up to 25% discount on fares
Tata Group's budget airline, Air India Express, has launched a limited-period sale with discounts of up to 25% on select domestic and international routes.
Infosys announces record ₹18,000cr share buyback: Should you participate?
IT giant Infosys has announced its biggest-ever share buyback worth ₹18,000 crore.
OpenAI launches 'Grove' mentorship program for early-stage AI entrepreneurs
OpenAI has launched a new mentorship initiative, the "OpenAI Grove," aimed at early-stage tech entrepreneurs interested in artificial intelligence (AI).
5 IPOs to hit Indian market next week
India's primary market is gearing up for a busy week with five new initial public offerings (IPOs) set to open across the mainboard and SME platforms.
Debt mutual funds see ₹8,000cr outflow in August: Here's why
Debt mutual funds witnessed a massive outflow of ₹7,980 crore in August. This is a stark contrast to the inflow of ₹1.07 lakh crore seen in July.
India-EU FTA to complete by December-end: Piyush Goyal
Commerce and Industry Minister Piyush Goyal has expressed confidence in the ongoing negotiations for a Free Trade Agreement (FTA) between India and the European Union (EU).
Centre orders price monitoring of 54 items after GST cut
The Central Board of Indirect Taxes and Customs (CBIC) has ordered a monitoring of the prices of 54 common consumer goods. The move comes in the wake of recent cuts in Goods and Services Tax (GST) rates.
Government planning ₹20,000cr risk guarantee fund to boost infrastructure investments
The Indian government is planning to set up a ₹20,000 crore risk guarantee fund for the infrastructure sector.
SEBI's new rules make IPO path easier for Jio, NSE
The Securities and Exchange Board of India (SEBI) has relaxed its minimum public offer (MPO) and minimum public shareholding (MPS) norms.
'Payouts inadequate', says US lawyer for Air India crash victims
Mike Andrews, the lead US attorney representing families of victims in the Air India (AI171) plane crash, has raised concerns over the adequacy of compensation being offered.
August inflation climbs past 2%, tempering expectations of rate cut
India's retail inflation (CPI) has risen slightly to 2.07% in August, after hitting a record low of 1.55% in July.
Nearly half of IPO-bound Indian start-ups are loss-making
In a year of high public market activity, nearly half of the Indian start-ups eyeing an IPO are still in the red.
Tencent acquires top OpenAI talent amid China's AI push
Tencent Holdings, a leading Chinese gaming and messaging company, has hired Yao Shunyu, a top artificial intelligence (AI) researcher from OpenAI, according to Bloomberg.
India's affordable housing shortage to triple by 2030: Report
India is staring at a massive shortfall of affordable homes, with the gap expected to widen threefold by 2030.
Tesla sued for hiring H-1B visa holders over US citizens
Tesla, the electric vehicle company led by Elon Musk, has been accused of favoring H-1B visa holders over American citizens in its hiring and firing practices.
Flipkart's marketplace arm records ₹20,500cr revenue in FY25
Flipkart Internet, the marketplace division of Flipkart, has reported a 14% year-on-year (YoY) increase in revenue for fiscal year 2025.
Why Nestle investors are pushing for chairman's resignation
Nestle shareholders are calling for the resignation of Chairman Paul Bulcke after the abrupt exit of Laurent Freixe, the second CEO to leave in just over a year, according to Financial Times.
Musk's xAI lays off 500 employees in massive downsizing move
Elon Musk's artificial intelligence (AI) company, xAI, has laid off over 500 employees from its data annotation team.
Musk's political activities haven't hurt sales: Tesla chair
Tesla's board chair, Robyn Denholm, has rejected the idea that Elon Musk's political activities have hurt sales at the electric vehicle (EV) maker.
US court rejects Google's appeal to delay Play Store overhaul
A US appeals court has rejected Google's plea to delay an order mandating major changes to its Play Store.
GST 2.0: Medicines to get cheaper from September 22
The Indian government has directed pharma companies to revise the Maximum Retail Price (MRP) of medicines, formulations, and medical devices due to changes in the Goods and Services Tax (GST) regime.
Boeing defense workers reject latest contract, strike enters 6th week
The labor dispute at Boeing's defense plants in the US has intensified as workers have rejected a revised contract proposal.
How Microsoft avoided hefty fine in an EU antitrust case
Microsoft has avoided a hefty fine from the European Commission after being accused of antitrust violations.
India's forex reserves jump by $4B to hit $698B
India's foreign exchange reserves increased by $4.03 billion to reach a total of $698.26 billion for the week ending September 5, data released by the Reserve Bank of India (RBI) today showed.
Apple's supplier base in India has almost doubled since 2018
Apple's supplier network in India has seen significant growth over the last few years.
How Modi government plans to boost rare earth magnet production
The Indian government is working on fiscal incentives to boost the local production of rare earth magnets, Union Minister H D Kumaraswamy said.
India's retail inflation surges to over 2% in August
India's retail inflation rose to 2.07% in August, up from the eight-year low of 1.55% recorded in July.
How FMCG firms plan to benefit customers after GST cut
Consumer goods firms have told officials of the Central Board of Indirect Taxes and Customs (CBIC) that they cannot reduce the maximum retail prices (MRPs) for low-value products in line with GST cuts.
How Modi government plans to boost exports for India's SMEs
The Indian government is set to revamp its e-commerce export policy, a move aimed at helping small and medium enterprises (SMEs) enter global markets.
US raid effect: Opening of Hyundai's plant delayed 2-3 months
Hyundai's battery plant in Georgia, co-owned with South Korea's LG Energy Solution, is facing a major setback.
Tata Nifty Next 50 Index Fund launched: Should you invest?
Tata Asset Management has launched a new passive investment option, the Tata Nifty Next 50 Index Fund.
Your motor third-party insurance premium might become costlier soon
The Indian government is likely to hike motor third-party (TP) insurance premiums this year.
Why Uber has been sued by the US government
The US government has filed a lawsuit against Uber Technologies, accusing the ride-sharing giant of violating federal law by discriminating against passengers with disabilities.
Infosys announces its biggest share buyback program ever worth ₹18,000cr
Infosys, India's second-largest IT company, has announced a share buyback worth ₹18,000 crore. This is the company's biggest buyback program to date and its first in three years.
OpenAI gets Microsoft's blessing to transition into a for-profit company
Microsoft and OpenAI have signed a non-binding agreement to change their relationship.
Why Perplexity has been sued by Merriam-Webster, Encyclopedia Britannica
Merriam-Webster, the renowned dictionary publisher, and its parent firm Encyclopedia Britannica have filed a lawsuit against AI start-up Perplexity.
These are the top 10 most valuable start-ups in India
India is the world's third-largest start-up ecosystem, with a whopping 73 unicorns.
How Oracle's Larry Ellison became world's richest man
Larry Ellison, the co-founder of Oracle and one of the most influential figures in tech history, has just become the world's richest man.
JLR could be losing ₹60cr per day due to cyberattack
British luxury subsidiary of Tata Motors, Jaguar Land Rover (JLR), has been hit by a major cyberattack.