Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Wakefit boosts IPO to ₹1,400cr, plans ₹200cr pre-IPO round
Bengaluru-based home-furnishing start-up Wakefit is gearing up for a public listing worth ₹1,400 crore in early December.
Cyberattack drives JLR into £485M loss after weeks-long production halt
Jaguar Land Rover (JLR) has reported a massive financial loss for the July-September quarter, owing to a major cyberattack.
Buffett's Berkshire Hathaway buys $4B Alphabet stake, trims Apple holdings
Warren Buffett's Berkshire Hathaway has made a major investment in Alphabet, Google's parent company.
Indian toy exporters face 50% order decline amid US tariffs
Indian toy exporters are witnessing a major drop in orders from the US, with a staggering 50% decline.
Trump eases tariffs on 200+ food products amid inflation concerns
US President Donald Trump has announced a rollback of tariffs on over 200 food products, including staples like bananas, orange juice, and coffee.
Google invests $40B in Texas to boost AI, cloud infrastructure
Google has announced a massive $40 billion investment in Texas through 2027. The move is part of the tech giant's plan to build new cloud and artificial intelligence (AI) infrastructure.
Tenneco Clean Air IPO: When will share allotment happen?
Tenneco Clean Air India Ltd's initial public offering (IPO) has generated a lot of interest among investors. The public issue was open for subscription from November 12 to November 14.
After losing $4M/day, Disney reaches deal with YouTube TV
Disney and YouTube TV have struck a new carriage deal, ending a 14-day blackout that left subscribers without access to popular Disney-owned channels like ABC, ESPN, and FX.
'Big Short' investor Michael Burry shuts down his hedge fund
Michael Burry, the Wall Street legend who shot to fame for his 2008 bet against the US housing market, is shutting down his hedge fund.
Anil Ambani wants virtual appearance before ED in 15-year-old case
Anil Ambani, the Chairman of Reliance Group, has offered to appear before the Enforcement Directorate (ED) through "virtual means."
Adani to invest ₹63,000cr in Assam energy projects
The Adani Group has announced a massive investment of ₹63,000 crore in two major energy projects in Assam.
India's first drone taxi to launch in Andhra Pradesh
Andhra Pradesh Chief Minister N Chandrababu Naidu has unveiled an ambitious economic vision for the state at the CII Partnership Summit.
Indian government bonds see another dip today: What's the reason?
Indian government bonds continued their downward trend today, with traders expecting a heavy supply of debt.
Vodafone Idea shares touch 1-year high today: What's the reason?
Vodafone Idea, a leading telecom company, has seen a major surge in its share price this week.
Bitcoin now trading at 6-month low: Here we decode why
Bitcoin has seen a major drop today, falling over 23% from its all-time high of over $126,000 a month ago.
India's wholesale price inflation dips 1.21% in October
India's wholesale price inflation (WPI) has dipped to -1.21% in October, according to government data released on Friday.
Pine Labs IPO: PayPal, Mastercard book huge profits from investments
Global payment giants PayPal and Mastercard have made huge gains from their investments in Indian digital payments firm Pine Labs.
Reliance to set up 1GW AI facility in Andhra Pradesh
Reliance Industries is set to establish a massive 1GW artificial intelligence (AI) data center in Andhra Pradesh.
Adani will invest ₹1L crore in Andhra Pradesh by 2035
The Adani Group has announced an investment of ₹1 lakh crore in Andhra Pradesh over the next 10 years.
Apple has reduced commissions on mini apps by whopping 50%
Apple has announced a new developer program, the Mini Apps Partner Program, which will cut commissions on in-app purchases for mini apps.
How Uber is protecting drivers from rider misconduct in India
Uber has started testing a new feature that allows its drivers to record videos within the app.
Microsoft, Amazon support bill limiting NVIDIA's chip exports to China
Amazon's cloud unit officials have privately expressed support, and Microsoft has publicly supported a proposed legislation that would further limit chipmaker NVIDIA's ability to export chips to China.
Apple, OpenAI fail to get Musk's AI lawsuit thrown out
A US District Judge has denied a request by tech giants Apple and OpenAI to dismiss a lawsuit filed by Elon Musk's X Corp and xAI.
Disney takes $2B hit on India operations
Walt Disney has posted major non-cash write-downs of nearly $2 billion for its India portfolio in fiscal year (FY) 2024 and 2025.
Ineos Automotive slashes hundreds of jobs as financial troubles grow
Ineos Automotive, the company behind the off-road vehicle Ineos Grenadier, is set to lay off several hundred employees from its UK and European offices.
Why Google is facing an antitrust probe in the EU
Google is facing an antitrust investigation by the European Union (EU) over its spam policy.
Royal Enfield-parent's Q2 results: Net profit rises 24% to ₹1,369cr
Eicher Motors, the parent company of Royal Enfield, has reported a consolidated net profit of ₹1,369 crore for the second quarter of FY26.
SBI Funds wants to raise $1.2B via IPO in 2026
SBI Funds Management Ltd, India's largest asset manager, is planning a major initial public offering (IPO) to raise up to $1.2 billion.
Bharti Group becomes India's 4th-largest conglomerate, surpassing Adani, Bajaj
The Bharti Group has surpassed the Adani and Bajaj groups to become India's fourth-largest conglomerate.
You can now plan travel on PhonePe using ChatGPT
PhonePe, a digital payments company in India, has announced a collaboration with OpenAI.
US, China reach deal to curb exports of fentanyl chemicals
The US and China have reached a major agreement to restrict the export of chemical precursors used in the production of fentanyl, a synthetic opioid that has been responsible for tens of thousands of American deaths.
This is why Meta fired employees in its AI division
Meta's former research scientist, Tian Yuandong, has revealed that the company's restructuring of its artificial intelligence (AI) team was driven by limited computing resources.
13 firms apply for PLI scheme, pledging ₹1,900cr investments
Thirteen companies have submitted applications under the Production Linked Incentive (PLI) Scheme for White Goods, which includes air conditioners and LED lights.
Logistics giant DHL to invest €1B in India by 2030
DHL Group, a leading global logistics company, has announced its plan to invest approximately €1 billion in its Indian operations by 2030.
Mahindra will soon offer life insurance policies in India
Mahindra & Mahindra and Canada's Manulife Financial Corporation have announced their plan to form a 50:50 life insurance joint venture in India.
India's GDP growth projected at 6.5% through 2027
India's economy is projected to grow at an average rate of 6.5% until 2027, according to a recent report by Moody's Ratings.
ED arrests Jaypee Infratech MD in money laundering case
Manoj Gaur, the Managing Director of Jaypee Infratech Limited, has been arrested by the Enforcement Directorate (ED) in a money laundering case.
Boeing to pay $35M to Ethiopian crash victim's family
A Chicago federal court has ordered Boeing to pay over $35 million to the family of a United Nations consultant who died in the 2019 Ethiopian Airlines crash.
Healthkart's revenue approaches ₹1,400cr in FY25
HealthKart, a leading e-commerce platform for nutrition and supplements, has reported a massive spike in its profits for the fiscal year 2025 (FY25).
This renewable energy firm will invest ₹82,000cr in Andhra Pradesh
Renew, a renewable energy company, has announced a massive investment of ₹82,000 crore in Andhra Pradesh.