Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Gold touches new high in India today: What's the reason?
Gold prices have hit a new high today, with the MCX rate touching ₹1,40,465 per 10g. The surge is mainly due to global uncertainty and demand for safe-haven assets.
US dollar suffers worst week since June: What's next?
The Bloomberg Dollar Spot Index has recorded its worst week since June, falling by around 0.8%.
PNB just flagged a ₹2,434cr loan fraud to the RBI
Punjab National Bank (PNB) has flagged a loan fraud of ₹2,434 crore to the Reserve Bank of India (RBI).
Coinbase ex-employee arrested in India over $20M customer data breach
Coinbase, the largest cryptocurrency exchange in the US, has confirmed the arrest of a former customer service agent in India.
India-Canada FTA talks to resume in February 2026
India and Canada are likely to resume formal negotiations for a Free Trade Agreement (FTA) early next year.
Oracle faces worst quarter since 2001 amid AI investment concerns
Oracle, the tech giant founded by billionaire Larry Ellison, is witnessing a major slump in its stock.
AI boom adds $550B to wealth of US tech billionaires
The artificial intelligence (AI) market boom has added over $550 billion to the fortunes of America's richest tech moguls this year.
China's industrial profits plunge 13%, fastest drop in a year
China's industrial sector witnessed a major slump in November, with profits plummeting by 13.1% year-on-year (YoY).
AI boom creates over 50 billionaires in 2025
The artificial intelligence (AI) boom has created over 50 billionaires in 2025, Forbes reported.
Big Tech adds 32,000 India jobs as H-1B rules tighten
With new H-1B visa restrictions introduced this year, major US tech companies such as Meta, Amazon, Apple, Microsoft, Netflix, and Google have hired over 32,000 employees in India for the year 2025.
Why Tata Steel is facing $1.6B lawsuit in Netherlands
Tata Steel's Dutch operations are facing a €1.4 billion ($1.6 billion) lawsuit from Stichting Frisse Wind.nu, a non-profit organization.
China launches new funds to boost technological prowess
China has launched a national venture capital fund and three regional funds to support domestic technology firms.
Mumbai's housing affordability improves: Now requires 47% of income
The latest Knight Frank India Affordability Index report has revealed that purchasing a home in Mumbai now costs 47% of a household's income.
Sensex falls over 400 points: What's behind today's market decline?
India's benchmark equity indices witnessed a steep fall on Friday, with the Sensex falling by nearly 400 points.
India's new income tax law: Key changes to expect
India is set to witness a major overhaul in its direct tax system with the introduction of the Income-tax Act, 2025.
Hindustan Copper shares hit 15-year high: Time to book profits?
Hindustan Copper's shares have surged by 8% to ₹473 apiece in today's session, the highest since November 2010.
Lenskart shares surge 4% after acquiring a Korean start-up
Lenskart Solutions Ltd's shares rose nearly 4% on Friday, hitting ₹471.35 on the BSE. The spike in share price comes after the company announced its latest acquisition in South Korea.
Ola Electric shares surge 5% after ₹367cr PLI incentive approval
Shares of Ola Electric Mobility jumped 5.4% on Friday after the company announced that it has been awarded an incentive of ₹366.78 crore under the Production Linked Incentive (PLI)-Auto scheme for FY25.
IPO-bound Zepto's FY25 loss widens 177% to ₹3,367cr
Zepto, one of India's major quick-commerce players, saw its net loss surge 177% to ₹3,367.3 crore in FY25, even as the company posted strong topline growth.
Union Budget 2026: Centre planning ₹1T boost for farm infrastructure
The Indian government is likely to announce a major increase in the Agriculture Infrastructure Fund (AIF) in the upcoming Union Budget, according to Mint.
Coforge may acquire Encora for $2B: Deal details
Coforge Ltd is reportedly in talks to acquire Encora, a leading digital engineering firm, for an estimated $2 billion.
Gold, silver hit record highs amid geopolitical tensions
Gold and silver prices have surged to all-time highs, driven by rising geopolitical tensions and a weakening US dollar.
IndiGo begins issuing ₹10,000 travel vouchers from today: Who's eligible?
IndiGo is issuing ₹10,000 travel vouchers to passengers affected by its recent operational crisis. The disruption impacted thousands of flights in early December.
China begins rare-earth magnet exports to India, easing supply pressure
China has started clearing rare-earth magnet (REM) import licenses for India, government officials told Business Standard.
MediaTek open to sourcing chips from India as ecosystem evolves
MediaTek, one of the world's leading fabless semiconductor companies, is open to sourcing more chips from India as the local ecosystem develops.
India's digital gold purchases surge 50% despite SEBI's risk warning
India has witnessed a massive spike in digital gold investments this year, with purchases soaring nearly 50% despite regulatory caution from SEBI, the market watchdog.
Reliance makes ₹450cr bid to buy this Mumbai hospital
NK Holdings, a company backed by Reliance Industries, and Jupiter Hospital are vying to acquire SevenHills Healthcare. The latter operates the 1,500-bed SevenHills Hospital in Mumbai.
Why are railway stocks surging today?
Railway-linked stocks have emerged as top gainers on Dalal Street today.
Vodafone Idea hit with ₹83cr GST penalty, plans legal action
Vodafone Idea has been slapped with two separate GST penalty orders from tax authorities in Mumbai and Bengaluru. The total financial exposure from these penalties amounts to over ₹83 crore.
Train ticket prices increase from today: Check updated fares
The Indian Railways has announced a nationwide fare hike, effective from today.
Titan enters lab-grown diamond market with new brand beYon
Titan Company Limited is set to enter the lab-grown diamond jewelry market with its first exclusive store under a new brand 'beYon.'
Why India may miss $1 trillion export target in FY26
India is likely to miss its ambitious $1 trillion export target for the fiscal year 2025-26, according to a report by the Global Trade Research Initiative (GTRI).
Apple's Tim Cook doubles Nike stake with $3M stock purchase
Apple CEO Tim Cook has made a major investment in Nike, buying 50,000 Class B shares at $58.97 each for about $3 million.
Swiggy, Zomato, Blinkit gig workers call nationwide strike: Here's why
Delivery and gig workers associated with major e-commerce and food delivery platforms have announced an all-India strike on Christmas (December 25) and New Year's Eve (December 31).
Adani completes 33 acquisitions worth ₹80,000cr post-Hindenburg turmoil
Adani Group has made 33 acquisitions worth around ₹80,000 crore ($9.6 billion) across its businesses since January 2023.
Samsung not following LG route, rules out India IPO plans
Samsung Electronics has no plans to list its Indian business on the stock market for the time being.
Jio, PhonePe, Flipkart among 190 companies planning IPOs in 2026
India's primary market is gearing up for a busy 2026, with over 190 companies either approved or awaiting approval for initial public offerings (IPOs).
Last chance for NPS subscribers to switch asset classes today
The Pension Fund Regulatory and Development Authority (PFRDA) has given National Pension Scheme (NPS) subscribers in Scheme A (Tier-1) until December 25, 2025, to switch their investments to other asset classes.
Quick commerce unicorn Zepto to file IPO papers tomorrow
Zepto, a Bengaluru-based quick commerce unicorn, is gearing up to pre-file its draft red herring prospectus (DRHP) on December 26.
Infosys hikes entry-level salaries up to ₹21 lakh for freshers
In a major boost for tech graduates, Infosys has announced a hike in entry-level salaries for freshers.