Business News
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Bharat Forge will make semiconductor chips now
Bharat Forge, India's leading forging and engineering company, has made its entry into the billion-dollar semiconductor industry.
HDFC Bank hikes FCNR deposit rates: How it affects you?
HDFC Bank has announced a major hike in the interest rates for its Foreign Currency Non-Resident (FCNR) deposits.
Palantir to sue London mayor for blocking £50M Met contract
Palantir, a US spy-tech company, is planning to sue London Mayor Sadiq Khan.
Trump family made $500M from a cryptocurrency deal
The family of US President Donald Trump made $500 million from a cryptocurrency deal, just before the involved company suffered a collapse.
Cognizant generates $200M sales pipeline by listening to employee conversations
Cognizant, a leading IT services company, has generated an additional $200 million in sales pipeline by leveraging artificial intelligence (AI) to analyze internal communications.
This Ambani-backed start-up seeks $100M to make humanoid robots
Addverb Technologies, an Indian start-up backed by billionaire Mukesh Ambani's Reliance Industries, is looking to raise over $100 million.
Salesforce has embarked on another round of layoffs
Salesforce, the leading customer relationship management (CRM) company, has laid off employees in a new round of job cuts.
Sensex up 380 points, Nifty crosses 23,300: What's driving rally?
The Indian stock market opened on a positive note today, with the Sensex rising by 378.77 points or 0.51% to hit 74,297.52.
Reliance to build Meta's 1st AI data center in India
Meta, the parent company of Facebook, has teamed up with Reliance Industries Limited (RIL) to establish its first artificial intelligence (AI)-driven data center in India.
Why xAI, SpaceX are facing class-action lawsuit in the US
Elon Musk's companies, xAI and SpaceX, are facing a class-action lawsuit filed by residents of Mississippi, US.
IDBI Bank should be sold in FY27, says report
The strategic divestment of IDBI Bank is now expected to be completed in FY27, government sources have said to Moneycontrol.
Why Microsoft has fired hundreds of Azure employees in China
Microsoft has laid off hundreds of employees in its Azure cloud unit in China.
Why Rajiv Bajaj is stepping down from Bajaj Finserv's board
Rajiv Bajaj, a prominent non-executive director at Bajaj Finserv, has decided to step down from the company's board.
World's biggest banks funneled $906B into fossil fuels last year
The world's biggest banks have pledged a staggering $906 billion in financing to the fossil fuel industry last year, a new report has revealed.
PhonePe, CRED will soon allow rent payment using credit cards
Fintech giants PhonePe and CRED are testing a new model for rent payments through credit cards.
Adani Energy is acquiring smart metering firm IntelliSmart for ₹3,050cr
Adani Energy Solutions Limited (AESL) has announced its plan to acquire IntelliSmart Infrastructure Private Limited for ₹3,050 crore.
GSK buys US biopharma company Nuvalent for $10.6B
British pharmaceutical giant GlaxoSmithKline (GSK) has announced its acquisition of US-based biopharmaceutical company Nuvalent for $10.6 billion.
DIIs buy ₹4.16L crore worth of equities in 2026
Domestic institutional investors (DIIs) have been on a buying spree in the Indian equity market this year, with their net purchases surpassing ₹4.16 lakh crore in just over five months of 2026.
This FirstCry-promoted company wants to raise ₹1,000cr via IPO
Swara Baby Products, a FirstCry-promoted company that specializes in manufacturing baby and adult diapers as well as feminine hygiene products, is gearing up for an initial public offering (IPO) of up to ₹1,000 crore.
India well-positioned to weather global economic slowdown: World Bank
The World Bank has said that India is well-positioned to weather the storm of a slowing global economy.
Pentagon blacklists Alibaba, BYD over ties to Chinese military
The Pentagon has added Alibaba, Baidu, and BYD to its list of companies allegedly aiding the Chinese military.
Jailed crypto mogul Sam Bankman-Fried turns to Trump for pardon
Sam Bankman-Fried, the former cryptocurrency mogul who is currently serving a prison term for fraud, has requested a presidential pardon from Donald Trump.
IndiGo shares surge 4% on FY30 growth plans
Shares of InterGlobe Aviation, which operates IndiGo, surged over 4% on Thursday.
CRED launches new credit and lending app
CRED, a leading player in India's fintech space, has launched a new standalone app called 'Cash by CRED.'
Acko wants to raise $300M via IPO at $2B valuation
Acko, a leading digital insurance provider, is gearing up to file its draft papers for an initial public offering (IPO) worth around $300 million.
Sam Altman's eye-scanning start-up, Tools for Humanity, is firing workers
Tools for Humanity, the iris-scanning start-up co-founded by Sam Altman, has announced layoffs.
Paytm to increase its headcount by 10%
Indian fintech giant Paytm has announced plans to hire around 4,000 employees over the next nine months.
SpiceJet delays pilot salaries as it seeks government-backed loan
SpiceJet has delayed salary payments to many of its pilots since March, as per internal communications reviewed by Reuters.
At TCS, AI agents could equal humans in 3 years
Tata Sons Chairman N Chandrasekaran has said that Tata Consultancy Services (TCS) could have as many artificial intelligence (AI) agents as human employees in three years.
China's exports surge past expectations on booming AI demand
China's exports and imports grew faster than expected in May, driven by a surge in demand for artificial intelligence (AI) hardware.
Perplexity sticks with 2028 IPO plan
Artificial intelligence (AI) start-up Perplexity has confirmed its intention to go public in 2028. This decision comes despite the recent IPO filings from Anthropic and OpenAI.
Zepto founders face ED scrutiny over foreign investments
Quick commerce start-up Zepto has revealed that its co-founders Aadit Palicha and Kaivalya Vohra were summoned by the Enforcement Directorate (ED) earlier this year.
Zepto files for $1B IPO
Zepto, a leading player in the quick commerce space, has filed its updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India(SEBI).
Infosys delays hiring tests for 20,000 candidates over cheating concerns
Infosys, a leading IT services company, has suspended online and in-person assessments for over 20,000 job seekers.
OpenAI files for IPO
OpenAI, the artificial intelligence (AI) giant behind ChatGPT, has confidentially filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC).
Why Meta has taken legal action against NSO Group
Meta has filed a contempt filing against Israeli spyware firm NSO Group for violating a permanent injunction that prohibits it from targeting WhatsApp and its users.
AI is now taking orders at McDonald's drive-thru restaurants
McDonald's is testing a new artificial intelligence (AI)-driven drive-thru order-taking system, ArchIQ.
You can soon invest in corporate bond-index derivatives in India
The Securities and Exchange Board of India (SEBI) is working with the Reserve Bank of India (RBI) to introduce derivatives linked to corporate bond indices.
Aviation industry unlikely to meet net-zero emissions goal by 2050
The aviation industry, which pledged to achieve net-zero carbon emissions by 2050, is now doubting its ability to meet this target.
RBI measures may draw foreign investments worth $50-60B in India
ICICI Securities has projected that India could see an influx of $50-60 billion in foreign investments in the coming months.