Business News
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China unveils 5-year plan to boost self-reliance, reduce US dependency
China's ruling Communist Party has unveiled a five-year plan emphasizing the development of a modern industrial system and technological self-reliance.
Digital payments accounted for 99.8% of transactions in H1: RBI
The Reserve Bank of India (RBI) has revealed that digital payments have taken over the Indian economy, accounting for a whopping 99.8% of total transaction volume and 97.7% of the total payment transaction value in the first half of 2025.
Cipla to sell Eli Lilly's popular weight-loss drug in India
Eli Lilly has teamed up with Cipla to market its popular weight-loss drug Mounjaro in India.
Banks face potential $170B profit decline due to AI: McKinsey
A recent report by McKinsey has warned that banks could suffer a hit of up to $170 billion in profits if they fail to adapt their business models.
BigBasket records 500% growth in festive sales during Diwali
BigBasket, the online grocery platform owned by the Tata Group, has reported a massive 500% year-on-year (YoY) growth in festive sales during Diwali 2025.
India's GDP to grow 6.9% in FY26, says Deloitte
Deloitte India has projected a robust growth for the Indian economy, estimating a GDP increase of 6.7-6.9% in the current fiscal year.
SEBI proposes mutual fund onboarding overhaul to strengthen KYC compliance
The Securities and Exchange Board of India (SEBI) has proposed a major change in the way new mutual fund folios are opened and first investments are executed.
Vodafone Idea shares gain 7%: What's driving the surge?
Vodafone Idea's shares have been on a winning streak, gaining as much as 7% on Thursday. The rise comes after two consecutive sessions of gains.
Trump administration to acquire equity stakes in quantum computing firms
The Trump administration is reportedly in talks with several quantum-computing companies to acquire equity stakes in exchange for federal funding, according to The Wall Street Journal.
Apple faces antitrust complaint in EU over App Store terms
Apple has been slapped with an antitrust complaint by two civil rights groups, Article 19 and Germany's Society for Civil Rights.
Perplexity denies 'data theft' allegations in Reddit lawsuit
Perplexity, an artificial intelligence (AI) company founded by Aravind Srinivas, has denied allegations of "data theft" after Reddit filed a lawsuit against it and three other companies.
Who is Karthik Narain, Google Cloud's new chief product officer?
Google Cloud has appointed Karthik Narain as its new Chief Product and Business Officer.
Samsung to play bigger role in manufacturing Tesla's AI chips
Tesla CEO Elon Musk has announced that Samsung Electronics will play a bigger role in manufacturing chips for the electric car maker.
European aerospace giants unite to challenge Starlink dominance
European aerospace giants Airbus, Thales, and Leonardo have announced a merger of their satellite operations.
Google sued over false AI-generated claims against conservative activist
Conservative activist Robby Starbuck has filed a lawsuit against Google, claiming that the company's artificial intelligence (AI) systems have generated "outrageously false" information about him.
Reliance to adjust Russian oil imports as US sanctions hit
Reliance Industries, India's largest importer of Russian crude oil, has announced plans to adjust its imports from Russia.
Sensex, Nifty at 52-week high: What's driving the market rally?
Indian stock markets witnessed a major surge today, with the Sensex rising over 700 points to cross the 85,100 mark.
Reddit sues Perplexity and 3 others for data scraping
Reddit has filed a lawsuit against data scraping companies, such as SerpApi, Oxylabs, and AWMProxy.
Tesla posts $28B revenue in Q3 2025, profit falls 37%
Tesla has posted a profitable third quarter, with $1.4 billion in net income on $28.1 billion in revenue.
Meta to fire 600 employees from its AI division
Meta, the parent company of Facebook and Instagram, is planning to lay off around 600 employees from its Superintelligence Labs artificial intelligence (AI) unit, as per Axios.
Why Apple is facing an antitrust complaint in the EU
Apple has been slapped with an antitrust complaint by two civil rights groups, Article 19 and Germany's Society for Civil Rights.
Sudha Murty, Nandan Nilekani won't participate in Infosys's share buyback
Prominent Infosys investors and members of its promoter group, including Nandan Nilekani and Sudha Murty, have opted out of the company's ₹18,000 crore share buyback.
Why this project by Musk's Boring Company is under scrutiny
The Nashville Metro Council has accused Elon Musk's Boring Company of excluding them from the Music City Loop project.
Why China seeks sensitive sales data from US chipmakers
China is probing US semiconductor manufacturers and demanding sensitive sales data. The move is part of an anti-dumping investigation into specific analog integrated circuit (IC) chips.
You can soon send, receive money via Zoho Pay
Zoho, the Chennai-based software as a service (SaaS) giant, is all set to launch its consumer payments app 'Zoho Pay.'
Why AWS has taken Meesho to court in India
Indian e-commerce giant Meesho is embroiled in a legal battle with Amazon Web Services (AWS) India, one of its major technology vendors.
Tata Trusts wants to reappoint Mehli Mistry as lifetime trustee
Tata Trusts is gearing up to seek approval from all its trustees for the reappointment of Mehli Mistry on the Sir Dorabji Tata Trust Board.
Media giant Warner Bros Discovery might be sold off
Warner Bros Discovery, the media conglomerate that owns HBO and CNN, is considering a sale after receiving unsolicited offers from several parties, including Paramount Skydance and Netflix.
UPI records over ₹94,000 crore in daily transaction value
The Unified Payments Interface (UPI), India's real-time digital payment system, is witnessing a record-breaking October.
Little Labubu dolls spark 250% surge in Pop Mart sales
Pop Mart, the Chinese company behind the popular Labubu dolls, has reported a massive surge in sales after launching mini versions of its monster-themed toys.
Bitcoin at $108,000: What's behind the crypto market decline?
The cryptocurrency market is witnessing a wave of volatility, with Bitcoin and Ethereum prices taking a hit.
JLR cyberattack causes $2.5B economic loss in UK
The August cyberattack on Jaguar Land Rover (JLR), a subsidiary of India's Tata Motors, has cost the UK economy an estimated £1.9 billion ($2.55 billion).
Sensex gains 4,000 points in October: Hold or book profits?
The Indian stock market has witnessed a remarkable recovery this October, with the Sensex gaining over 4,000 points.
Walmart halts H-1B hiring amid Trump's $100,000 visa fee hike
Walmart, the world's largest retailer, has paused job offers for candidates requiring H-1B visas.
Gold, silver prices see steepest decline in years: Here's why
Gold and silver prices have witnessed their biggest daily drops in years, ending a stunning rally in precious metals.
Microsoft CEO Satya Nadella's compensation jumps 22% to $96.5M
Microsoft's Chief Executive Officer, Satya Nadella, has received a whopping 22% raise in his total pay for 2025.
Zuckerberg ordered to testify over social media harms on minors
Mark Zuckerberg, the CEO of Meta Platforms, has been ordered by a Los Angeles judge to testify in the first trial examining the negative effects of social media on minors.
Netflix shares plummet 7% as Q3 profit misses expectations
Netflix's shares fell by nearly 7% in extended trading on Tuesday, following a disappointing third-quarter earnings report.
Gold prices touching new highs every day: What comes next?
Gold prices recently hit record highs, but have since fallen amid easing global trade tensions and hopes of an end to the US government shutdown.
Reliance boosts Middle Eastern crude purchases amid Western pressure
Reliance Industries Ltd (RIL), one of India's leading private refineries, has stepped up its purchases of Middle Eastern crude oil.