Business News
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Real-money gaming ban: Gameskraft fires 120 employees after new bill
Online gaming company Gameskraft has announced plans to lay off 120 employees, following the passage of the Online Gaming Bill, 2025.
CARS24, CarDekho gearing up for IPOs, could raise over $1B
India's leading online used car platforms, CARS24, CarDekho, and Spinny, are gearing up for potential initial public offerings (IPOs) in the next 12-18 months, according to Bloomberg.
China's SHEIN to manufacture for other brands amid declining sales
SHEIN, the Chinese fast-fashion giant, is now opening its apparel manufacturing network in China to other fashion brands.
China ends Google antitrust probe, shifts regulatory focus to NVIDIA
China has decided to end its antitrust investigation into tech giant Google, six months after it was launched, according to the Financial Times.
Families of Air India crash victims sue Boeing, Honeywell
The families of four passengers who died in an Air India crash in June have filed a lawsuit against Boeing and Honeywell.
M-cap of BSE-listed companies hits 11-month high of ₹465L crore
The market capitalization of all Bombay Stock Exchange (BSE)-listed companies has hit an 11-month high, crossing ₹465 lakh crore. The milestone was last seen on October 3, 2024.
Federal Reserve cuts interest rates by 25bps amid inflation concerns
The US Federal Reserve has cut its key interest rate by a quarter percentage point (25bps), as widely expected by economists.
Rolls-Royce opens its biggest global capability center in Bengaluru
British power systems company specializing in engines for the aerospace and defense sectors, Rolls-Royce, has opened its largest global capability center (GCC) in Bengaluru.
Verisure files for $3.7B IPO, Europe's biggest since 2022
Verisure Plc, a leading security firm, has announced its intention to raise around €3.1 billion ($3.7 billion) through an initial public offering (IPO) in Stockholm.
Why Adani-owned Ambuja Cements has sued JSW Cement
Ambuja Cements, owned by Adani Group, has sued JSW Cement for allegedly infringing on its "Kawach" brand.
China orders local companies not to buy NVIDIA's AI chips
China's internet regulator, the Cyberspace Administration of China (CAC), has ordered major companies like Alibaba and ByteDance to cancel their orders for NVIDIA's RTX Pro 6000D chip.
Why Dreamfolks is shutting domestic airport lounge services in India
DreamFolks Services Ltd, formerly India's leading aggregator of airport lounges, has announced the suspension of its domestic lounge access business.
SEBI settles two insider trading cases tied to Adani shares
The Securities and Exchange Board of India(SEBI) has settled two insider trading cases related to Adani Group shares.
Urban Company launches its 'UC Instant' service: What is it?
Urban Company, a leading service provider in the home repairs and beauty industry in India, has launched a new offering called 'UC Instant.'
GST 2.0 reforms infused ₹2L crore in Indian economy: Sitharaman
Union Finance Minister Nirmala Sitharaman has said that the Goods and Services Tax (GST) reforms have infused ₹2 lakh crore into the Indian economy.
SBI sells 13% stake in Yes Bank for ₹8,889cr
The State Bank of India (SBI) has sold its 13.18% stake in Yes Bank to Japan's Sumitomo Mitsui Banking Corporation (SMBC).
Urban Company IPO: This VC firm turns ₹14cr into ₹390cr
Accel Partners, a prominent Silicon Valley venture capital firm known for its early investment in Facebook, has made a whopping ₹390 crore from its investment in Urban Company.
Why MakeMyTrip and Zomato have joined forces in India
In a major development, travel giant MakeMyTrip has partnered with food-tech leader Zomato to offer on-seat meal delivery for train passengers.
This stock soared 965% in 5 years: Do you own?
Tiger Logistics (India) Limited's shares soared nearly 19% in intra-day trading today.
Cognizant-Infosys antitrust dispute will go to trial in February 2027
A US federal court in Texas has scheduled a jury trial between Cognizant Technology Solutions and Infosys for February 1, 2027. The pretrial conference is set for January 25 the same year.
British pharma giant GSK announces $30B investment in US
British pharmaceutical giant GlaxoSmithKline (GSK) has announced a massive $30 billion investment in the United States.
VMS TMT IPO fully subscribed within hours: Should you bid?
VMS TMT's ₹149 crore initial public offering (IPO) has been fully subscribed within hours of its launch today.
Ben & Jerry's co-founder resigns, says Unilever 'silenced' brand's activism
Jerry Greenfield, the co-founder of Ben & Jerry's, has reportedly resigned from the company he helped establish nearly 50 years ago.
Tesla avoids trial by settling two fatal Autopilot crash cases
Tesla has settled two lawsuits stemming from fatal accidents in California in 2019, court documents show.
Humanoid robotics start-up Figure raises $1B at a $39B valuation
Figure, a San Jose-based humanoid robotics start-up, has raised over $1 billion in its latest funding round.
Paytm lets you use UPI now and pay next month
Paytm, the leading digital payment platform in India, has launched a new feature called Paytm Postpaid.
Urban Company shares list at 57% premium: Should you hold?
Urban Company, a leading tech-driven home services marketplace, has made a stellar debut on the stock exchanges.
Microsoft pledges $30B AI investment in UK amid Trump visit
Microsoft has announced a massive $30 billion investment in the United Kingdom over the next four years.
Salesforce launches new business unit focused on US national security
Salesforce, the leading customer relationship management (CRM) company, has announced a new business unit called Missionforce.
Why quick commerce platform Zepto has partnered with ClearTax
Leading quick commerce company Zepto has teamed up with ClearTax, a tax technology platform, to provide income tax return (ITR) filing services for its delivery executives.
CBI files chargesheet in NSE's co-location scam: What is it?
The Central Bureau of Investigation (CBI) has filed a final chargesheet in the National Stock Exchange (NSE) co-location scam case.
PhonePe now offers collateral-free loans to merchants in India
SMFG India Credit (SMICC), a non-banking financial company (NBFC), has joined forces with PhonePe, a fintech platform in India, to provide collateral-free credit.
Coal India to explore rare earth reserves in Andhra Pradesh
Coal India Limited has been declared the preferred bidder by the Ministry of Mines for the Ontillu-Chandragiri rare earth element (REE) exploration block in Andhra Pradesh.
How US Fed's rate cut will impact Indian stock markets
The US Federal Reserve is likely to announce a 25 basis points (bps) rate cut during its two-day policy meeting starting today.
GST 2.0: Why some products may show two MRPs
The new Goods and Services Tax (GST) regime will come into effect from September 22.
Ex-Gameskraft CFO siphoned company funds worth ₹270cr
Bengaluru-based real-money gaming company, Gameskraft Technologies, has lodged a police complaint against its former Group CFO Ramesh Prabhu.
Airtel's anti-fraud initiatives have lowered financial losses by almost 69%
Bharti Airtel has announced a major reduction in cybercrime complaints, thanks to its anti-fraud initiatives.
Why Trump wants firms to report earnings just twice-a-year
US President Donald Trump has proposed a major change in the way public companies report their earnings.
Reliance Retail targets $200B valuation with IPO planned for 2027
Mukesh Ambani-led Reliance Industries is preparing for a "double dhamaka" in India's equity markets, with plans to list Jio Platforms in 2026 and Reliance Retail in 2027, according to reports.
Ford to cut 1,000 jobs at Cologne EV plant
Ford has announced plans to cut up to 1,000 jobs at its electric vehicle (EV) plant in Cologne, Germany.