Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Residential sales in India hit 3-year low: What's the reason?
India's residential real estate market has witnessed a major slump in the April-June quarter, with sales hitting their lowest level since January 2023.
Verizon and BT Group are merging their international businesses
British telecom giant BT Group and US mobile company Verizon have announced a merger of their international businesses.
Why $6.9T could be wiped out from world's GDP
The World Economic Forum (WEF) has warned that a full East-West economic decoupling could cost the global economy as much as $6.9 trillion in GDP.
EPFO portal upgrade enters final day, services to resume tomorrow
The Employees' Provident Fund Organisation (EPFO) has temporarily halted some online services related to Employees' Provident Fund (EPF) claims.
India urges EU to reconsider metal scrap export restrictions
India has requested the European Union to reconsider its proposed restrictions on metal scrap exports.
Hexaware shares up by 9% today: Here we decode why
Shares of Hexaware Technologies Ltd skyrocketed by up to 9% today to ₹539 apiece, after the company announced its partnership with Amazon.
Dunzo co-founder's new AI start-up automates your household tasks
Kabeer Biswas, the co-founder of Dunzo, has launched a new artificial intelligence (AI) start-up called M. The company aims to automate household tasks, starting with the kitchen.
Zerodha will soon offer investment banking services in India
Zerodha, India's leading discount broking platform, is gearing up to foray into the investment banking sector. The move marks a major expansion of its financial services portfolio.
Gold, silver prices seeing a decline today: What's the reason?
Gold and silver prices witnessed a decline on the Multi Commodity Exchange (MCX) today.
NPCI plans to integrate AI into UPI
The National Payments Corporation of India (NPCI) is considering the integration of artificial intelligence (AI) into its Unified Payments Interface (UPI).
Samsung, SK Hynix, Micron sued over alleged price-fixing of RAM
Samsung, SK Hynix, and Micron, the world's top three memory suppliers, have been sued for alleged price-fixing of RAM.
After CBSE tender row, student posts 1.6cr government contracts online
Class 12 student Sarthak Siddant has launched a public portal with around 1.66 crore procurement records from the Central Public Procurement (CPP) Portal of India.
HDFC Bank likely to name new chairman within 7-10 days
HDFC Bank is expected to finalize a new chairman within the next seven to 10 days, according to CNBC-TV18.
NoBroker now offers you home salon services in Bengaluru
Prop-tech platform NoBroker Technologies Solutions Pvt. Ltd has entered the home salon services market with its new offering, Zivora.
Could AI downturn lead to faster financial market crash?
The Bank for International Settlements (BIS), often referred to as the "bank of central banks," has warned that an artificial intelligence (AI) downturn could lead to a sharper and faster crash than traditional banking crises.
Did ex-HDFC Bank chairman not cooperate with external legal review?
Atanu Chakraborty, the former chairman of HDFC Bank, has denied the bank's claim that he did not cooperate with an external legal review after his resignation.
This infrastructure investment trust wants to raise ₹5,000cr via IPO
Cube Highways Trust, a leading infrastructure investment trust in India, has begun roadshows for its initial public offering (IPO).
These 11 IPOs will hit Indian market next week
The Indian stock market is gearing up for another busy week with 11 new initial public offerings (IPOs) set to hit the primary market.
Manufacturing medical devices in India is about to become easier
The Union Health Ministry has proposed changes to the Medical Devices Rules, 2017, with an aim to fast-track the process of granting manufacturing licenses for medical devices.
This unicorn is planning a $300M IPO at $2B valuation
Proptech unicorn Square Yards has begun preparations for an initial public offering (IPO) to raise between $200 million and $300 million.
Market cap of India's 6 top firms rises by ₹88,678cr
The Indian stock market witnessed a modest rise last week, with six of the top 10 companies gaining ₹88,678.1 crore in market capitalization.
Jewar to become North India's Silicon Valley: Ashwini Vaishnaw
The Indian government has taken a major step toward establishing Jewar as a key player in the global electronics and semiconductor manufacturing arena.
Amazon hikes price of key AI cloud service by 20%
Amazon has raised the prices of one of its key artificial intelligence (AI) cloud services by a whopping 20%.
India's crude oil import dependence crosses 90%, raising economic risks
India's dependence on imported crude oil has crossed the 90% mark, a trend that could make the economy more vulnerable to external shocks, according to a recent report by EY.
Bank holiday next week: Check when they will remain closed
Public and private sector banks in India will observe a single holiday next week, between June 29 and July 5.
Release unredacted Epstein documents or explain why: US judge
A US federal judge has ordered the Justice Department to either release unredacted versions of key documents related to convicted sex offender Jeffrey Epstein or explain why they can't be disclosed.
New rules introduced for taxpayers shifting business locations
The Central Board of Indirect Taxes and Customs (CBIC) has announced a new procedure for taxpayers shifting their principal place of business.
India needs 2,000GW of new power capacity in near future
India will need to add nearly 2,000 gigawatts (GW) of new power generation capacity in the next two decades to meet the rising energy demand and reduce dependence on imported fuels, said Sagar Adani, Executive Director of Adani Green Energy.
IRDAI plans new insurance distribution reforms to protect policyholders
The Insurance Regulatory and Development Authority of India (IRDAI) is gearing up to unveil a discussion paper on insurance distribution reforms.
Upcoming changes for taxpayers, bank customers, Aadhaar and passport holders
Several key financial changes will come into effect from July 1, 2026.
GameStop won't give up on buying eBay
GameStop has said it will continue with its proposed takeover of eBay, despite the latter's rejection of an unsolicited cash-and-stock offer worth some $56 billion.
Why Bengaluru land prices rival NYC? Sridhar Vembu explains
Sridhar Vembu, the Founder and Chief Scientist of Zoho Corporation, has blamed rampant corruption for the skyrocketing land prices in Indian cities like Chennai and Bengaluru.
This AI firm's lowest-paid H-1B worker earns over ₹1cr
Anthropic, an artificial intelligence (AI) company, has revealed its pay scale through US visa filings.
Why Trump has threatened 100% tariff on European countries
US President Donald Trump has threatened to impose a 100% import tariff on any European country that imposes a tax on digital services provided by American companies.
Kotak Mahindra Bank's CEO Ashok Vaswani is stepping down
Ashok Vaswani, the Managing Director and Chief Executive Officer (CEO) of Kotak Mahindra Bank, has announced his decision not to seek re-appointment after his current term ends on December 31.
You can now ride a 'Bharat Taxi' in Gujarat
Union Home Minister Amit Shah has launched 'Bharat Taxi,' India's first driver-owned ride-hailing platform.
How Indian businesses can leverage benefits of UK trade deal
Union Minister of Commerce and Industry Piyush Goyal has announced a major initiative to help Indian businesses leverage the benefits of the India-UK Comprehensive Economic and Trade Agreement (CETA).
'Superfluous exercise': Ex-chairman of HDFC Bank slams legal review
Atanu Chakraborty, the former chairman of HDFC Bank, has criticized the bank's decision to appoint external law firms for a legal review.
Musk gets FTC nod to acquire SpaceX alumni start-up
The US Federal Trade Commission (FTC) has expedited its antitrust review for Elon Musk's proposed acquisition of Mesh Optical Technologies, a start-up founded by three former SpaceX engineers.
SpaceX to join NASDAQ-100 index on July 7
SpaceX will join the NASDAQ 100 index on July 7, NASDAQ confirmed on Friday.