Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
First-for-India: Arms maker SSS Defence debuts at Milipol Paris expo
Bengaluru-based SSS Defence has made its debut at the Milipol Paris 2025, a premier global event for homeland security and safety.
Netherlands returns control of chipmaker Nexperia to China
The Dutch government has announced its decision to relinquish control of Nexperia, a major chipmaker owned by China's Wingtech.
Low-cost carrier FlyDubai orders 75 jets from Boeing for $13B
FlyDubai, the lower-cost sister carrier of Emirates, has placed a major order for 75 Boeing 737 MAX aircraft. The deal is estimated to be worth $13 billion.
Most employees won't leave companies with good healthcare packages: Survey
A report by Howden Employee Benefits has revealed a major shift in employer spending toward preventive healthcare.
Why Bitcoin prices are falling sharply
Bitcoin, the world's largest cryptocurrency by market capitalization, has seen a major dip in its value.
Amazon's fight against EU tech label fails in court
The European Union's General Court has rejected Amazon's request to overturn its designation as a platform subject to stricter requirements under the Digital Services Act.
Zomato parent's stock down 10% this month: Buy or sell?
Eternal (parent company of Zomato) has witnessed significant volatility in its share price.
This VC firm sold its stake in Paytm worth ₹1,550cr
Elevation Capital (formerly SAIF Partners), a prominent venture capital firm, has sold a portion of its stake in One97 Communications, the parent company of Paytm.
Using stablecoins for payments might soon be allowed in India
The Indian government is considering the use of stablecoins, a type of cryptocurrency, for transactions.
Hyundai CEO reveals White House apologized for Georgia raid
Hyundai's CEO, Jose Munoz, has revealed that the White House has personally apologized to him over a major immigration raid at a factory in Georgia.
Indian IT companies facing higher H-1B rejections than US counterparts
Indian tech companies continue to face high H-1B visa application rejections.
Adani Enterprises to acquire Jaiprakash Associates for ₹13,500cr
Adani Enterprises has received unanimous approval from the creditors of Jaiprakash Associates for its ₹13,500 crore takeover proposal.
Bajaj Auto acquires majority stake in KTM for ₹8,200cr
Bajaj Auto has successfully acquired a majority stake in Austrian motorcycle manufacturer KTM AG.
Anthropic's valuation skyrockets to $350B after Microsoft, NVIDIA's investment
Artificial intelligence (AI) start-up Anthropic has seen its valuation soar to around $350 billion. This is a significant jump from the company's previous valuation of $183 billion in September.
Oracle and OpenAI's $300B mega deal sinks into the red
The $300 billion partnership between Oracle and OpenAI, announced on September 10, has taken a major hit.
WHO to layoff over 2,000 employees amid budget crisis
The World Health Organization (WHO) has announced a major downsizing effort, with plans to cut almost 25% of its workforce—or over 2,000 employees—by mid-2026.
Tenneco India shares list at 27% premium above IPO price
Tenneco Clean Air India Ltd, a subsidiary of the US-based Tenneco Group, has made a strong debut on the stock market.
Judge rules Meta isn't monopolistic, preventing breakup of Instagram, WhatsApp
Meta, the parent company of Facebook, Instagram, and WhatsApp, has won a major antitrust case in the United States.
Infosys's ₹18,000cr share buyback opens November 20: Check eligibility
Infosys, India's second-largest IT services company, has announced a share buyback worth ₹18,000 crore.
Amazon Pay announces 'Impossible Travel Deals' sale: Check offers
Amazon Pay has launched its 'Impossible Travel Deals' festival, giving discounts on flights and hotel bookings from today to December 9.
This precision components maker wants to raise ₹1,100cr via IPO
Milestone Gears, a precision-engineered transmission components maker, has filed preliminary papers with the Securities and Exchange Board of India (SEBI) to raise ₹1,100 crore through an initial public offering (IPO).
Xiaomi's EV business is finally profitable
Xiaomi has announced its electric vehicle (EV) division has turned profitable for the first time. The milestone comes after the company launched its first car last year.
Axis Mutual Fund lets beginners invest with only ₹100
Axis Mutual Fund has launched a first-of-its-kind Micro-Investment feature, aimed at simplifying mutual fund investments for first-time investors.
Why high-profile investors are dumping NVIDIA shares
Top investors like Michael Burry, Masayoshi Son, and Peter Thiel are dumping their NVIDIA shares. The move comes as fears of an overhyped artificial intelligence (AI) rally grow louder.
Believe it or not, this country is biggest Chinese-loan recipient
A recent study by AidData, a research lab at the College of William & Mary, has revealed an unexpected twist in global finance.
Worrying: Cognizant is now monitoring laptop, web activity of employees
Cognizant has started using new monitoring technologies to track employee activities on company-issued laptops and PCs.
Sensex might touch 107,000 by 2026-end, says Morgan Stanley
Morgan Stanley has predicted a major rebound for the Indian stock market in 2026.
PhonePe processed a whopping 9.4B UPI transactions in October
PhonePe and Google Pay continued to dominate the UPI ecosystem in October.
No company immune if AI bubble bursts, warns Google boss
Sundar Pichai, the CEO of Alphabet (parent of Google), has warned that no company would be spared if the current artificial intelligence (AI) boom were to collapse.
Amazon-backed More Retail taps banks for $300M IPO
More Retail, a food and grocery chain jointly owned by Amazon and Samara Capital Partners, is gearing up for an initial public offering (IPO) to raise around $300 million.
Apple India's profit rises 16% to ₹3,196cr amid iPhone craze
Apple India's profit for the financial year ending March 2025 has risen by an impressive 16% to ₹3,196 crore.
Who is Vikram Bajaj, Bezos's co-CEO at $6B AI start-up
Vikram "Vik" Bajaj has been appointed as the co-CEO of Project Prometheus, a new artificial intelligence (AI) venture backed by Amazon founder Jeff Bezos.
Bitcoin falls below $90,000 for first time in 7 months
Bitcoin has slipped below the $90,000 mark for the first time in seven months, indicating a decline in investor risk appetite across financial markets.
China's rare earth exports hit 4-month low: What's the reason?
China's exports of rare earth products, key components in electric vehicles (EVs), weapons, and high-tech manufacturing, have declined.
Gold, silver prices plunge 2% today: Here we decode why
Gold and silver prices witnessed a sharp decline of up to 2% in the domestic futures market today.
Google seeks dismissal of defamation lawsuit in the US
Google has filed a motion to dismiss a defamation lawsuit brought by US-based conservative influencer Robby Starbuck.
Microsoft India posts record profit of ₹1,245cr in FY25
Microsoft India's net profit has grown by a whopping 38.66% year-on-year (YoY) to ₹1,245.2 crore in FY25.
Mira Murati's AI start-up seeks $5B funding at $50B valuation
Thinking Machines Lab, co-founded by former OpenAI CTO Mira Murati, is in talks with investors to raise about $5 billion in its next funding round, according to The Information.
After 18-month delay, OpenAI finally lets staff donate equity
OpenAI has finally allowed its current and former employees to donate their equity to charity.
Physics Wallah lists at ₹145 with 33% premium
Edtech unicorn Physics Wallah has made a strong debut on the Indian stock market.