Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
FPIs continue selling streak, withdraw $2.7B from equities in September
Foreign portfolio investors (FPIs) have pulled out $2.7 billion from Indian equities in September, marking the third consecutive month of selling pressure.
RBI eases investment and trade rules for NRIs
The Reserve Bank of India (RBI) has announced a series of reforms aimed at easing regulations for Non-Resident Indians (NRIs).
Trump announces $500M deal with Harvard to settle disputes
US President Donald Trump has announced a $500 million deal with Harvard University to settle ongoing disputes.
RBI strengthens grievance system to improve complaint resolution and services
The Reserve Bank of India (RBI) is revamping its consumer grievance redressal system, including Rural Co-operative banks under the Ombudsman scheme.
RBI proposes measures to boost rupee's global presence
The Reserve Bank of India (RBI) has announced new measures to promote the use of the Indian rupee (INR) in cross-border transactions.
Gold prices hit record high as US government shuts down
Gold prices hit a record high on Wednesday, fueled by fears of the impact of US government shutdown and weak labor data.
RBI raises GDP growth projection for FY25 to 6.8%
The Reserve Bank of India (RBI) has revised its Gross Domestic Product (GDP) growth projection for the current fiscal year upward, from 6.5% to 6.8%.
Commercial LPG, ATF rates hiked across India: Check prices
Oil marketing companies have announced a hike in fuel prices, effective October 1.
RBI lowers inflation forecast for FY26 to 2.6%
The Reserve Bank of India (RBI) has revised its inflation forecast for the fiscal year 2025-26, lowering it to 2.6% from an earlier estimate of 3.1%.
After 100% pharma tariffs, Trump launches website for discounted medicines
US President Donald Trump has announced the launch of a new website, "TrumpRx," which will redirect consumers to pharmaceutical companies' direct-to-consumer platforms to purchase prescription drugs.
India-EFTA trade pact takes effect: What it means for consumers
India's trade agreement with the European Free Trade Association (EFTA) has come into effect today.
US start-up founder jailed 7 years for $175 JPMorgan fraud
Charlie Javice, the founder of Frank, a start-up that simplified college financial aid applications, has been sentenced to over seven years in prison.
RBI keeps repo rate unchanged at 5.5%
The Reserve Bank of India (RBI) has kept its key repo rate unchanged at 5.5%, as expected by the market.
Accel-backed Infra. Market files for ₹5,000cr IPO via confidential route
Accel-backed Infra. Market, a company specializing in construction materials solutions, has filed for an initial public offering (IPO) worth ₹5,000 crore.
US government shutdown: 11,000 FAA employees may be furloughed
The US government has officially shut down on Wednesday, after Congress failed to pass a funding bill before the deadline.
Spotify CEO is stepping down to focus on long-term growth
Daniel Ek, the co-founder and CEO of Spotify, has announced his decision to step down from his role. The transition will take effect on January 1, 2026.
NVIDIA becomes first company to cross $4.5 trillion market valuation
NVIDIA has once again broken records on Wall Street, becoming the first company in history to surpass a $4.5 trillion market capitalization.
From NPS to Speed Post: What's changing from October 1
Starting October 1, 2025, a slew of major changes will be implemented across banks, regulatory bodies, and government services in India.
LG Electronics India IPO opens on October 7: Key details
LG Electronics India, a leading player in the consumer electronics and home appliances sector, is gearing up for its Initial Public Offering (IPO).
ED raids 6 Reliance Infrastructure-linked premises in Indore, Mumbai
The Enforcement Directorate (ED) conducted raids at six locations of Anil Ambani's Reliance Infrastructure in Mumbai and Indore on Tuesday.
Amazon sees surge in electronics sales, small towns drive growth
Amazon India's ongoing Great Indian Festival has witnessed a massive surge in consumer electronics sales, with 70% of the orders coming from outside Tier-1 cities.
IPO-bound WeWork India's Q1 revenue surges 19% to ₹535cr
WeWork India, a leading co-working space provider, has reported a loss of ₹14.14 crore in the first quarter of this fiscal year.
OpenAI's revenue hits $4.3B in H1 2025 amid rising demand
OpenAI has reported a revenue of around $4.3 billion for the first half of 2025, a strong 16% increase from its total earnings last year.
Indian film stocks plummet following Trump's tariff on foreign movies
Shares of media and entertainment companies fell significantly on Tuesday after US President Donald Trump announced a 100% tariff on movies made outside the United States.
US firms accelerate shift to India amid Trump's visa restrictions
US President Donald Trump's recent hike in H-1B visa application fees is pushing American companies to consider shifting more of their work to India, according to a Reuters report citing industry experts.
'Goddess of wealth' pleads guilty to world's largest crypto fraud
A Chinese national, Zhimin Qian, has pleaded guilty for her role in the world's largest cryptocurrency fraud.
YouTube pays Trump $24.5M to settle lawsuit over channel suspension
YouTube has agreed to pay US President Donald Trump $24.5 million, settling a lawsuit he filed in 2021.
Electronic Arts sold for whopping $55B, second-largest gaming acquisition ever
Electronic Arts (EA), the maker of video games like Madden NFL, Battlefield, and The Sims, is being acquired for a whopping $55 billion.
Axis Bank launches India's first gold-backed credit line
Axis Bank has partnered with Freecharge to launch India's first-ever gold-backed credit line through the Unified Payments Interface (UPI).
India's industrial production growth rises to 4%, led by mining
India's industrial production growth accelerated to 4% in August, from 3.5% in July, according to the latest data released by the National Statistical Office (NSO).
Paytm, Google Pay now let you create custom UPI IDs
Paytm and Google Pay have launched a new feature that lets users personalize their Unified Payments Interface (UPI) IDs.
Amazon Fresh expands to 270+ cities in India
Amazon Fresh, the grocery division of Amazon India, has expanded its reach to over 270 cities.
India's first deep-sea mineral auction indefinitely postponed: Here's why
India's first-ever auction of deep-sea blocks rich in critical minerals has been indefinitely postponed.
Tata Communications secures government contract to build digital infrastructure
Tata Communications, part of the Tata Group, has bagged a multi-crore project from the Goods and Services Tax Appellate Tribunal (GSTAT).
Sahara seeks Supreme Court approval to sell properties to Adani
Sahara India Commercial Corporation Limited (SICCL) has approached the Supreme Court for approval to sell several key properties, including Amby Valley in Maharashtra and Sahara Saher in Lucknow.
Vodafone Idea files amended petition in SC seeking AGR relief
Vodafone Idea (Vi) has filed an amended petition in the Supreme Court, seeking a waiver of interest and penalty on its adjusted gross revenue (AGR) dues.
Far-right US trolls disrupt flights for Indian H-1B visa holders
In a coordinated digital attack, far-right trolls in the United States have targeted Indians on H-1B visas.
Speed Post service to cost more from October 1
The Department of Posts (DoP) has announced a revision in the tariffs for Speed Post services. The new rates will come into effect from October 1.
PhonePe introduces contactless tap payments in India: How to use
PhonePe and Mastercard have teamed up to launch a new feature called Tap & Pay.
Qualcomm to expand R&D centers, support start-ups in India
Qualcomm, a leading US-based chipmaker, is increasing its investment in India. The company plans to invest heavily in research and development (R&D) as well as start-ups.