Business News
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Why Meta is facing $1.4T penalty demand in US
Meta Platforms has revealed that four US states are seeking a whopping $1.4 trillion in penalties from the company.
Why imported Scotch whisky is becoming cheaper in India
The India-UK Free Trade Agreement (FTA) will come into effect on July 15, and one of its major impacts will be on the price of imported Scotch whisky and gin in India.
Porsche may cut 4,000 jobs in Germany: Report
Porsche is reportedly considering a major job cut in Germany, with up to 4,000 positions at risk. The move comes as part of the automaker's ongoing restructuring process.
Coursera cuts jobs as Udemy integration begins
Coursera has announced plans to lay off an unspecified number of employees following its recent acquisition of Udemy.
Flipkart valuation tops $38B in latest ESOP buyback
Walmart-owned Flipkart has been valued at approximately $38.2 billion in the second tranche of its employee stock ownership plan (ESOP) buyback program.
Musk loses bid to overturn Twitter fraud verdict
A US federal judge has denied Elon Musk's request to overturn a jury verdict that found him liable for defrauding Twitter investors during his 2022 takeover bid.
Tech layoffs top 119,000 in first half of 2026
The tech industry is experiencing a massive wave of layoffs, with over 119,000 employees lossing their jobs in the first half of 2026. This downturn is largely driven by AI-led restructuring.
Samsung's Q2 profit tops its entire 2025 earnings
Samsung Electronics has reported a whopping 19-fold surge in its quarterly profit, driven by the insatiable demand for memory chips used in AI data centers.
Musk's xAI is now called SpaceXAI
Elon Musk has rebranded his artificial intelligence (AI) venture, xAI, as SpaceXAI.
'Xbox isn't healthy': CEO's blunt message after 3,200 layoffs
Asha Sharma, the CEO of Xbox, has announced a major restructuring of the company.
Microsoft cuts 4,800 jobs as Xbox undergoes major overhaul
Microsoft is laying off 4,800 employees or 2.1% of its workforce.
NSE targets September launch for ₹30,000cr IPO
The National Stock Exchange (NSE) is gearing up for its long-awaited public listing, with a possible Initial Public Offering (IPO) launch in September, as per CNBC-TV18.
Saudi budget airline Flyadeal starts India operations
Saudi Arabia's low-cost airline Flyadeal has launched its first-ever service in India.
Blinkit pilots premium grocery service 'Gourmet'
Blinkit, a leading player in the quick commerce space, has launched a new premium grocery service called 'Gourmet.'
Chinese tea chain's logo costs $1.5M in Louis Vuitton lawsuit
Molly Tea, a popular Chinese bubble tea brand, has been ordered by a court in Jiangsu province to pay damages of 10.3 million yuan ($1.5 million) to luxury fashion house Louis Vuitton.
Weak monsoon could push India's inflation to 5%: S&P
A weak monsoon in India could push up inflation, weaken rural demand, and strain fiscal balances. This is according to a report by S&P Global Ratings.
Standard Chartered shuts 20 India branches, focuses on wealth management
British banking giant Standard Chartered has cut its branch network in India from some 100 to 80 in the last year, according to Business Standard.
Your mobile recharge could get costlier soon
India's telecom sector is likely to witness a tariff hike of 12-15% in the next three to four months, according to a report by Centrum Institutional Research.
Samsung Electronics' non-chip division workers to protest wage disparity
Samsung Electronics' non-chip division workers are gearing up for a major protest.
Ather Energy plans $200M share sale to fuel expansion
Ather Energy, a leading electric scooter manufacturer, is planning a major share sale, according to Bloomberg.
NSE set to kick off $3B IPO marketing next week
The National Stock Exchange of India (NSE), the world's largest derivatives exchange by trading volume, is gearing up for a major milestone.
Ex-Google recruiter flags common resume mistake that hurts interview chances
Farah Sharghi, a former recruiter for Google, TikTok, Uber, and The New York Times, has revealed a common mistake that can hurt job seekers' chances of landing interviews.
Navi eyes ₹3,000cr IPO by March 2027
Navi, the fintech start-up co-founded by Flipkart's Sachin Bansal, is gearing up for an initial public offering (IPO) by March 2027.
Akasa Air to join UDAN scheme, expand capacity significantly
Akasa Air, the new Indian airline, is gearing up to join the government's regional air connectivity scheme, UDAN. The announcement was made by CEO Vinay Dube.
Sensex rises nearly 600 points: What's behind today's rally?
India's equity benchmarks, the Sensex and Nifty, opened on a positive note on Monday.
Tesla limits employee AI spending to $200 per week
Tesla has introduced a new policy, limiting its employees' spending on artificial intelligence (AI) tools to $200 per week.
Uber pauses food delivery expansion in Europe
Uber has put a halt to its planned food delivery expansion in Europe, according to Financial Times.
Knack Packaging IPO allotment today: How to check status
The allotment for the Knack Packaging IPO is expected to be finalized today. Investors will soon know if they have been allocated shares in this highly subscribed public issue worth ₹439.5 crore.
Amazon to halt new sign-ups for its gig work platform
Amazon has announced that it will stop accepting new customers for its crowdsourcing service, Mechanical Turk, from July 30.
BPCL begins talks to import Iranian oil
Bharat Petroleum Corporation Limited (BPCL), India's second-largest fuel retailer, has begun talks with Iranian suppliers for the resumption of crude oil imports.
Webasto plans $500M IPO for India unit
German car parts supplier Webasto is planning an initial public offering (IPO) for its Indian subsidiary, Webasto Roofsystems India.
AI boom to drive Samsung's Q2 profit up nearly 18x
Samsung Electronics, the world's largest memory chipmaker by sales, is likely to see its operating profit jump nearly 18-fold in the second quarter.
Nearly 1M $TRUMP memecoin investors lose $3.8B
A recent report by blockchain analytics firm Nansen has revealed that nearly one million investors in Donald Trump's $TRUMP memecoin have lost a whopping $3.81 billion by the end of June.
Up 4,700% since 2021, V-Marc's 5:1 bonus deadline is today
V-Marc India, a leading wires and cable manufacturer, has announced its first-ever 5:1 bonus issue.
NVIDIA supplier SK Hynix eyes $28B US listing
South Korean chipmaker SK Hynix is gearing up for a massive $28 billion US listing, according to its regulatory filings.
Oil prices fall as Hormuz flows continue, OPEC+ boosts supply
Oil prices have witnessed a decline as the flow of oil through the Strait of Hormuz continues.
SBI to recruit 1,500 probationary officers this year
The State Bank of India (SBI), the country's largest lender, has announced plans to recruit 1,500 probationary officers this year. The move is part of the bank's strategy to drive business growth.
Aluminium industry seeks tighter scrap import rules to protect investments
India's aluminum industry is embroiled in a debate over the imposition of import duties.
Adani building South Asia's largest private missile ecosystem in MP
Adani Defence and Aerospace has announced plans to set up South Asia's largest private-sector missile ecosystem in Shivpuri, Madhya Pradesh.
Korea will use AI windfall to set up growth fund
South Korea is setting up a "Future Response Fund" with the extra tax revenue from its booming semiconductor industry.