Business News
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Intel shares surge 10% after Trump announces Apple chip deal
Intel's shares soared by 10% on Thursday, following President Donald Trump's announcement of a partnership between the semiconductor giant and Apple.
Craigslist founder gives away $500M, slams billionaires leaving donation pledge
Craig Newmark, the multi-millionaire founder of online classifieds platform Craigslist, has given away about $500 million to charity since starting the company 30 years ago.
Sensex, Nifty plunge over 700 points as IT stocks crash
The Indian stock market witnessed a sharp decline in early trade on Friday, breaking a five-day winning streak.
Reliance AGM today: When and where to watch live
Reliance Industries is gearing up for its 49th Annual General Meeting (AGM) today, with investors keenly awaiting updates on the company's future plans.
Trump mocked Bezos, Zuckerberg's attempts to win him, book reveals
In a new book by New York Times reporters Maggie Haberman and Jonathan Swan, it has been revealed that Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos tried to win over the US President Donald Trump after his 2024 election victory.
Starbucks plans 50-100 new stores every year in India
Starbucks is planning to expand its footprint in India by opening 50-100 new stores every year. This was revealed by Tata Starbucks Chief Executive Officer Sushant Dash in an interview with Bloomberg Television.
BBC to cut 550 jobs as part of cost-saving plan
The British Broadcasting Corporation (BBC) has announced plans to cut 550 jobs in its news, nations, and TV and radio content divisions.
Meta CTO says workers' morale is near record lows
Meta's Chief Technology Officer (CTO) Andrew Bosworth has evealed that employee morale at the company is probably one of the worst it's ever been.
NSE IPO could turn SBI's ₹2cr bet into nearly ₹5,000cr
The State Bank of India (SBI), India's largest lender, is poised to make a massive profit from its investment in the National Stock Exchange (NSE).
IndiGo launches airport cab service
IndiGo has launched a new airport transfer service called 'Cabs with IndiGo.' The innovative offering lets customers book cabs to and from airports in different Indian cities.
Gold, silver prices fall after US Fed holds rates steady
Gold and silver prices have witnessed a decline after the US Federal Reserve's decision to keep interest rates unchanged.
India-UK FTA starts July 15: What's getting cheaper for Indians?
India's Free Trade Agreement (FTA) with the United Kingdom will come into effect on July 15, nearly a year after it was signed.
Bitcoin price drops below $65,000
Bitcoin's price has dropped below the crucial $65,000 mark amid easing geopolitical tensions in the Middle East and a more hawkish stance from the US Federal Reserve.
India seeks $2.5B loans from World Bank, ADB
India is in talks with the World Bank and Asian Development Bank (ADB) to secure $2.5 billion in funding, according to Bloomberg.
Cult.fit plans ₹4,000cr IPO this month
Cult.fit, India's leading fitness services provider, is gearing up to file its draft red herring prospectus (DRHP) for an initial public offering (IPO) worth ₹3,500-4,000 crore this month, as per Moneycontrol.
JPMorgan drops Anthropic's Claude from approved list in Hong Kong
JPMorgan has removed Anthropic's Claude AI models from an internal list of approved AI tools in Hong Kong, according to Financial Times.
Oil prices fall as US-Iran peace deal eases supply fears
Oil prices fell on Thursday after US President Donald Trump and his Iranian counterpart Masoud Pezeshkian signed a deal.
NSE files for ₹30,000 crore IPO
The National Stock Exchange of India (NSE), the country's largest stock exchange and a major player in global derivatives market, has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator SEBI.
How a $4B sneaker brand became an AI company
Shoe manufacturer-turned-AI infrastructure firm, Allbirds, has announced a major rebranding and executive change. The company will now be known as Smartbird.
RBI removes interest rate cap on new FCNR(B) deposits
The Reserve Bank of India (RBI) has removed the interest rate ceiling on new three- and five-year Foreign Currency Non-Resident Bank (FCNR-B) deposits.
This Indian data center company raised ₹7,000cr at ₹44,914cr valuation
CtrlS Datacenters, a leading Indian data center company, has secured a massive ₹7,000 crore investment from the Canada Pension Plan Investment Board (CPP Investments).
Why IOC, BPCL, and HPCL could each gain ₹20,000cr
India's oil marketing companies (OMCs) could see a major boost in profitability if the current trend of falling crude oil prices continues.
Manipal Hospitals plans $1B IPO in July
Manipal Health Enterprises, which runs the Manipal Hospitals chain, is planning to launch its initial public offering (IPO) as early as next month, as per the Economic Times.
Blue Star, Voltas shares rally amid delayed monsoon
Shares of air conditioner manufacturers and related companies have witnessed a jump of up to 5% on Wednesday.
This 25-year-old sold his AI start-up to Musk for $60B
Michael Truell, a 25-year-old co-founder and CEO of Cursor, an AI coding start-up, has become one of the youngest self-made billionaires in the artificial intelligence era.
Does Louis Vuitton owner Bernard Arnault control French press?
Bernard Arnault, the billionaire owner of the world's largest luxury group LVMH, is facing criticism from journalists' unions in France for his increasing dominance over the country's business and economic press.
Why US government wants lawsuit against xAI to be dismissed
The US Justice Department has moved to dismiss a lawsuit against Elon Musk's xAI, a company accused of operating without proper permits.
You can soon order electronics, jewelry, furniture on Amazon Now
Amazon is ramping up its quick-commerce operations in India by launching over 100 Urban Fulfillment Centers (UFCs).
This housing finance company is planning ₹3,000cr IPO in India
Warburg Pincus-backed TruHome Finance is gearing up for a ₹3,000 crore initial public offering (IPO), Moneycontrol reported.
Google Pay, PhonePe's combined UPI market share now below 80%
For the first time since the National Payments Corporation of India (NPCI) began publishing app-specific transaction data, PhonePe and Google Pay's combined market share has fallen below 80%.
Air India now offers 'Basic' fare on certain domestic flights
Air India has launched a new 'Basic' fare on select domestic routes, aimed at price-conscious travelers.
India's stock market regains $5T valuation
The combined market capitalization of all BSE-listed companies has crossed the $5 trillion mark, hitting a six-week high.
Why Vedanta Aluminium shares are down 14% in 3 days
Vedanta Aluminium, touted as the "crown jewel" of Vedanta Group, has witnessed a massive 14% decline in its shares within three days of listing.
SpaceX overtakes Amazon, Microsoft in market value
SpaceX briefly surpassed Microsoft in market capitalization on Tuesday, becoming the fourth-largest company in the world.
Jio set to file for $4B IPO within days
Reliance Jio Infocomm is expected to file its draft papers for a $4 billion initial public offering (IPO) "within days," as per the Financial Times.
Oil prices fall below $80 for first time since March
Oil prices have started to cool off, falling below $80 per barrel for the first time since early March.
SpaceX acquires AI coding start-up Cursor for $60B
SpaceX, Elon Musk's company, has announced its acquisition of AI coding start-up Cursor for a whopping $60 billion.
Yum Brands sells Pizza Hut chain for $2.7B
Yum Brands, the parent company of Pizza Hut, has announced its decision to sell the iconic pizza chain for $2.7 billion.
Unilever is creating AI twins of factories to boost efficiency
Unilever has joined forces with Accenture to scale the use of artificial intelligence (AI)-powered digital twins across Unilever's global manufacturing network.
Centre raises export duties on diesel and jet fuel
The Indian government has hiked the export duties on diesel and Aviation Turbine Fuel (ATF).