Business News
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Smartphone financing to account for 42% of sales in India
Smartphone financing is set to dominate in India, accounting for 42% of all sales this year.
Centre plans ₹20,000cr EV incentive scheme for private buses
The Indian government is planning a new incentive scheme to promote the adoption of electric busses (e-busses) by private operators.
EPFO to settle eligible PF withdrawal claims within 3 days
The Employees' Provident Fund Organisation (EPFO) has introduced a new system to settle eligible provident fund (PF) withdrawal claims within three days.
Boeing's air taxi firm sued over discrimination, safety concerns
Wisk Aero, the electric air taxi company owned by Boeing, has been sued by a former employee.
IRDAI weighs commission overhaul to curb insurance mis-selling
The Insurance Regulatory and Development Authority of India (IRDAI) is mulling a major overhaul in the way distributors are compensated.
Could Fed's rate hike spoil Dalal Street's rally?
The recent softer-than-expected jobs data in the US has led to fluctuating expectations for interest rate hikes this year.
French firms invited to invest in India's AI, clean-energy sectors
Union Finance Minister Nirmala Sitharaman has invited French businesses and investors to explore the vast opportunities India offers in artificial intelligence (AI), clean energy, healthcare, digital infrastructure, and financial services.
US remains India's largest LPG supplier in June
The United States has retained its position as the top supplier of liquefied petroleum gas (LPG) to India for the month of June.
HCL Tech shares soar 6% after $1B AI deal
HCL Technologies has witnessed a major spike in its share price, rising as much as 6% to an intraday high of ₹1,139 on the BSE today.
Air India Express restores all West Asia flights
Air India Express has announced the resumption of its West Asia flight services, including routes to Salalah in Oman and Kuwait.
EPFO portal is back but passbook remains unavailable
The Employees' Provident Fund Organisation (EPFO) has restored most of its online member services after a planned system migration and database consolidation exercise.
India's services growth hits 17-month low in June
India's services sector, a major contributor to the country's economy, witnessed its slowest growth in 17 months during June.
Prosser denies Apple trade secret theft, blames Ramacciotti in response
Popular YouTuber Jon Prosser has responded to Apple's lawsuit against him and his acquaintance, Michael Ramacciotti, after receiving a second chance to formally respond.
Gold, silver jump 3%. Here's what's driving the rally
Gold and silver prices have witnessed a spike of up to 3% in international markets on Friday.
Sensex surges 650 points: What's behind today's rally?
The Indian stock market witnessed another rally today, with the Sensex and Nifty rising by over 0.8% each.
Google loses final appeal against EU's $4.7B antitrust fine
Google has lost a major legal battle against a €4.1 billion ($4.7 billion) European Union antitrust fine.
When can customers expect petrol/diesel price reduction? Hardeep Puri answers
Union Petroleum Minister Hardeep Singh Puri has said that consumers shouldn't expect an immediate reduction in petrol and diesel prices even as global crude oil prices have fallen to around $70 a barrel.
Oil firms lost ₹74,781cr amid Middle East conflict: Hardeep Puri
State-owned oil marketing companies (OMCs) suffered losses of almost ₹74,781 crore between April and June due to rising global crude oil prices amid the Middle East conflict.
Parle-G, Melody maker plans $1B IPO at over $10B valuation
Parle Products, the company behind iconic Indian brands like Parle-G, KrackJack, Monaco, Mango Bite, and Melody is planning a major initial public offering (IPO) next year.
Why SpiceJet has cut 44% of its flights
SpiceJet has announced a major reduction in its flight schedule for July, cutting down the number of flights by a whopping 44% as compared to April.
Japan's yen hits 40-year low. Here's why it matters
The Japanese yen has hit a 40-year low, falling to its weakest level against the US dollar in 40 years.
Why Domino's is giving away $1M worth of free pizzas
US striker Folarin Balogun's red card during the FIFA World Cup match against Bosnia and Herzegovina has activated a $1 million pizza giveaway by Domino's.
EPFO online services to remain unavailable until July 3
The Employees' Provident Fund Organization (EPFO) has announced yet another extension of the outage for its online services.
Flipkart names new Senior VP for supply chain technology
Flipkart has appointed Vinay Vaidya as its new Senior Vice President of Technology for the supply chain.
Employee resigns after being asked to attend his wedding virtually
An employee has resigned from his job after his boss asked him to attend his own wedding via Google Meet.
AWS CEO slams replacing entry-level tech jobs with AI
Amazon Web Services (AWS) CEO Matt Garman has strongly opposed the idea of using artificial intelligence (AI) to replace entry-level technology jobs.
Ratan Tata's confidant Mehli Mistry resigns from family office
Mehli Mistry, a long-time associate of the Tata Group and confidant of the late Ratan Tata, has resigned from his position on the board of RNT Associates, the family office that managed Ratan Tata's personal investments.
Coca-Cola plans $1B IPO of Indian bottling arm
Coca-Cola is planning to raise around $1 billion (approximately ₹9,500 crore) through an initial public offering (IPO) of its Indian bottling arm, Hindustan Coca-Cola Beverages, according to Bloomberg.
Japan to finance India's power grid under new initiative
Japan has agreed to finance India's power grid with up to $492 million. The funding comes under the first project of its new POWERR Asia initiative, according to Nikkei Asia.
Zoho chief heads to Japan for new cross-border rural mission
Sridhar Vembu, the founder of Zoho, has announced a new mission to connect rural Indian and Japanese businesses.
Samsung announces $90B investment for chips, batteries and displays
Samsung has announced a massive investment of 140 trillion won ($90 billion) in South Korea's central Chungcheong province.
Carlsberg moves to list Indian arm, eyes $700M IPO
Danish brewing giant Carlsberg A/S has confidentially filed draft papers for an Initial Public Offering (IPO) of its Indian subsidiary, according to Bloomberg.
SoftBank pursues $10B loan against OpenAI stake
SoftBank Group has resumed negotiations with a group of lenders for a $10 billion loan, secured by its stake in OpenAI, according to Reuters.
ShareChat eyes $400M IPO next year
Mohalla Tech Pvt., which operates Indian social network ShareChat, short-video platform Moj, and subscription-based micro-drama app QuickTV, is gearing up for a potential initial public offering (IPO) next year.
Gold rises on weak US jobs data, lower oil prices
Gold prices increased on Thursday, hitting a one-week high. The rise was mainly due to weaker-than-expected US jobs data and falling oil prices.
OpenAI offers 5% stake to Trump administration: Report
OpenAI has reportedly offered a 5% stake to the US government. The proposal was made during talks about restructuring its corporate governance and getting support from the US administration.
Adani Energy Solutions wants to raise ₹10,000cr via QIP
Adani Energy Solutions Ltd (AESL) has announced its plan to raise up to ₹10,000 crore from institutional investors.
Google ordered to pay $2B in Swedish antitrust case
Google has been ordered to pay nearly $2 billion by a Swedish court.
SoftBank has invested another $10B in OpenAI
SoftBank has invested another $10 billion in OpenAI, as part of a larger $30 billion commitment.
Virat Kohli-backed Agilitas plans to buy this Yuvraj Singh-supported company
Agilitas, a sports goods manufacturing start-up backed by cricket superstar Virat Kohli, is in advanced talks to acquire Sports365.