Business News
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India: Cheque clearing to be done in hours starting tomorrow
India's cheque clearing system is undergoing a major transformation, starting October 4.
Russia to import more Indian goods to balance trade: Putin
Russian President Vladimir Putin has directed his government to take steps to reduce the trade imbalance with India. The move comes as a response to India's heavy crude imports from Russia.
OpenAI denies poaching xAI staff, labels Musk's lawsuit groundless
OpenAI is seeking to have a lawsuit from Elon Musk's AI start-up, xAI, dismissed, claiming it is an attempt to distract from xAI's own failures.
Tesla shareholders, state officials urge rejection of Musk's $1T pay
A coalition of Tesla shareholders and state officials has urged investors to reject Elon Musk's proposed $1 trillion pay package at the company's November meeting.
Zomato's parent Eternal grants ESOPs worth ₹211 crore
Eternal, the parent company of Zomato, has announced a new round of employee stock options (ESOPs).
IT Ministry releases draft online gaming rules, inviting public comments
The Ministry of Electronics and Information Technology (MeitY) has released a draft of the Promotion and Regulation of Online Gaming Rules, 2025, for public consultation, inviting comments until the end of the month.
AI skills matter more than fancy degrees: LinkedIn CEO
Ryan Roslansky, the CEO of LinkedIn and EVP of Microsoft Office and Copilot, has said that degrees from top colleges may not be as important in the future job market.
Strava sues Garmin over patent violations, seeks sales ban
Fitness app Strava has sued its long-time partner Garmin over patent infringement.
WeWork India's ₹3,000cr IPO now open: Should you subscribe?
WeWork India, a leading provider of flexible workspaces, has launched its initial public offering (IPO) today.
Boeing's 777X jet delayed again, won't fly until 2027
Boeing's highly-anticipated 777X jet will now make its commercial debut in early 2027 instead of 2026.
Centre orders investigation as Wintrack accuses Chennai customs of bribery
The Finance Ministry has ordered an investigation into bribery allegations against Chennai customs officials by Wintrack Inc, a Chennai-based import-export firm.
Amazon, Flipkart under probe for charging extra on cash-on-delivery orders
The Ministry of Consumer Affairs is looking into complaints regarding additional charges for cash-on-delivery (CoD) orders by major e-commerce platforms like Amazon and Flipkart.
China's SHEIN to open first permanent retail stores in France
Chinese fast-fashion giant SHEIN has announced its plan to open its first permanent physical stores in France.
SEBI launches validated UPI handles to stop investor payment fraud
The Securities and Exchange Board of India(SEBI) has launched two new security measures: validated UPI handles with "@valid" suffix and a verification tool called "SEBI Check."
India attracts proposals worth ₹1.15L crore for electronics manufacturing
India's Electronics Component Manufacturing Scheme (ECMS) has received investment proposals worth over ₹1.15 lakh crore, nearly double the government's target of ₹59,350 crore.
Your SBI credit card fees, rewards are changing from November
SBI Card has announced changes to its fee structure. The changes will come into effect from November 1.
TCS accused of forcing 2,500 employees to resign in Pune
Tata Consultancy Services (TCS), India's largest IT services company, has been accused of forcing around 2,500 employees in Pune to resign.
Zomato introduces pension plan for delivery partners
Zomato has partnered with HDFC Pension to offer a National Pension System (NPS) model for platform-based delivery partners.
Semiconductor sector gains $200B as AI boom drives tech rally
The global semiconductor industry has witnessed a massive surge in its market capitalization, adding over $200 billion in value.
After Shell, Pfizer, P&G becomes latest MNC to exit Pakistan
Procter & Gamble (P&G), the multinational consumer goods giant, has announced its decision to exit Pakistan.
TCS offers up to 2-year severance pay amid workforce restructuring
Tata Consultancy Services (TCS), one of India's largest IT companies, is offering severance packages of up to two years' salary.
You can now invest 100% in equities under NPS
The National Pension System (NPS) has launched a new multiple scheme framework, allowing subscribers to allocate their entire portfolio to equities.
GST collections for September jump by 9% to ₹1.89L crore
India's Goods and Services Tax (GST) collections for September stood at ₹1.89 lakh crore, a 9.1% year-on-year increase.
Tata to establish India's first private helicopter manufacturing unit
Tata Advanced Systems Limited (TASL) will set up India's first private-sector helicopter Final Assembly Line (FAL) for the Airbus H125 helicopters.
SEC places most staff on unpaid leave amid government shutdown
The US Securities and Exchange Commission (SEC) has begun the process of furloughing workers due to a federal government shutdown.
OpenAI overtakes SpaceX as world's most valuable start-up at $500B
OpenAI has surpassed Elon Musk's SpaceX to become the world's most valuable start-up, following a secondary share sale at a whopping $500 billion valuation, according to Bloomberg.
Microsoft announces new commercial CEO as Nadella focuses on AI
Microsoft has announced the appointment of Judson Althoff, its Chief Commercial Officer (CCO), as the new CEO of its commercial business.
Google lays off 100+ employees in cloud design teams
Google has cut more than 100 employees from design-related roles in its cloud unit.
Amazon's new grocery brand offers essentials for under $5
Amazon has launched a new private-label brand, Amazon Grocery, to provide affordable grocery items.
October to mark India's biggest-ever IPO month with $5B deals
India's initial public offering (IPO) market is gearing up for a record-breaking October, with firms expected to raise over $5 billion.
Europe woos US researchers fleeing Trump's visa restrictions, funding cuts
A recent surge in applications for a multimillion-euro program by the European Union's top research council has revealed a fivefold increase in US-based researchers wanting to move their work to European institutions.
Elon Musk becomes first person with $500B net worth
Elon Musk has become the first person in history to reach a net worth of over $500 billion, according to Forbes.
Zepto in final stages of $450M funding at $7B valuation
Zepto, a significant player in the quick commerce space, is in the final stages of raising $450 million (roughly ₹3,900 crore), as per Moneycontrol.
India's manufacturing growth slows as factory prices hit 12-year high
India's manufacturing sector witnessed a slowdown in growth last month, marking its slowest pace in four months.
RBI raises IPO financing limit to ₹25L per investor
The Reserve Bank of India (RBI) has increased the limit for Initial Public Offering (IPO) financing from ₹10 lakh to ₹25 lakh per investor.
RBI proposes risk-based deposit insurance premium structure for banks
The Reserve Bank of India (RBI) has proposed a shift from a flat-rate to a risk-based deposit insurance premium structure.
AI start-up founder becomes India's youngest billionaire in 3 years
Aravind Srinivas, the co-founder and CEO of AI firm Perplexity, has been named India's youngest billionaire by the M3M Hurun India Rich List 2025.
No proposal to charge UPI transactions: RBI governor
Reserve Bank of India (RBI) Governor Sanjay Malhotra has clarified that there is no proposal to levy charges on Unified Payments Interface (UPI) transactions.
Tata Motors sets October 14 as record date for demerger
Tata Motors has announced the record date for its commercial vehicles business demerger.
DA hiked by 3% to 58% for central employees, pensioners
The Union Cabinet has approved a 3% hike in the Dearness Allowance (DA), taking it to 58% for central government employees and pensioners.