Business News
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New Zealand begins ratification process for FTA with India
The ratification process for the India-New Zealand Free Trade Agreement (FTA) has commenced in New Zealand, the Ministry of External Affairs (MEA) said today.
SEBI expands intraday borrowing rules for mutual funds from September
The Securities and Exchange Board of India (SEBI) has expanded the scope of intraday borrowings for mutual funds, effective from September 1, 2026.
EPFO's passbook portal back online ahead of interest credit
The Employees' Provident Fund Organisation (EPFO) has restored its Passbook portal after nearly two weeks of downtime.
Indian AI start-ups raised $1B+ in first half of 2026
Indian artificial intelligence (AI) start-ups have raised over $1 billion in funding during the first half of 2026.
Russia's diesel export ban triggers global price surge
Russia's recent ban on diesel exports has sent shockwaves through the global energy market, exacerbating existing fuel shortages and driving prices up.
Meta appeals landmark social media addiction verdict
Meta, the parent company of Instagram and Facebook, has appealed a landmark social media addiction lawsuit verdict in Los Angeles.
Bluesky appoints Toni Schneider as permanent CEO after interim stint
Bluesky, the social media platform that emerged as an alternative to Twitter (now X), has announced a major leadership change.
Why Swiggy Instamart has received 9 notices from FSSAI
Swiggy's quick-commerce platform, Instamart, has come under fire from the Food Safety and Standards Authority of India (FSSAI).
SK Hynix raises $26.5B in record US debut
SK Hynix, a leading South Korean memory chip manufacturer and major supplier to AI chip giant NVIDIA, has raised $26.5 billion (KRW 40 trillion) in its debut on the US stock market.
Oregon withdraws motion to delay $110B Paramount-Warner Bros. merger
Oregon's Attorney General has withdrawn its motion to delay the $110 billion merger between Paramount and Warner Bros.
Start-up of Bill Gates's daughter claimed sales it didn't drive
Phia, an advertising start-up co-founded by Phoebe Gates, the daughter of Microsoft co-founder Bill Gates, has been accused of violating affiliate marketing policies.
Greg Brockman consolidates more power at OpenAI
OpenAI's President and co-founder, Greg Brockman, is set to lead the company's key products after Fidji Simo's departure.
Apple sues OpenAI over alleged trade secret theft
Apple has filed a lawsuit against OpenAI, accusing the artificial intelligence company of stealing trade secrets and breaching contracts.
Equity MF inflows rebound to over ₹28,970cr in June
Equity mutual funds have witnessed a significant recovery in inflows for the month of June.
China bans helium exports
China has announced an immediate temporary ban on helium exports, a move that could further complicate the global semiconductor supply chain.
Akasa Air suspends Noida-Navi Mumbai flights 2 weeks after launch
Akasa Air has suspended its non-stop flights between Noida International Airport and Navi Mumbai International Airport, just two weeks after the service was launched.
AI boom is creating new class of private jet owners
The recent surge in wealth from artificial intelligence (AI) start-ups and SpaceX has led to a spike in demand for private jets.
Delhi HC denies Google interim relief in 'HINDWARE' trademark dispute
The Delhi High Court has denied interim relief to Google India in a trademark infringement case.
8th Pay Commission weighs proposal to cap top government salaries
The 8th Central Pay Commission (CPC) is currently deliberating on a range of proposals, including the contentious issue of salary caps for top-ranking government officials.
SK Hynix eyes $26.5B US listing amid AI chip surge
South Korea's memory chip manufacturer, SK Hynix, has announced its mega US listing.
You can now file your ITR on PhonePe and JioFinance
Fintech platforms PhonePe and JioFinance have launched in-app tax filing services in collaboration with TaxBuddy.
ONGC expands India's strategic oil reserves
State-owned Oil and Natural Gas Corporation (ONGC) has approved a major expansion of India's strategic oil reserves.
Disney+ president steps down to become Fubo CEO
Alisa Bowen, the current president of Disney+, is stepping down from her position to become the CEO of Fubo, the internet TV streaming service that is majority-owned by Disney.
Kusumgar IPO stays hot with 38% GMP on final day
Kusumgar's ₹650 crore initial public offering (IPO) is witnessing a strong response from investors on its third and final day of bidding.
News outlets seek court sanctions against OpenAI in copyright case
The New York Times and the Daily News have accused OpenAI of concealing evidence in a high-profile copyright case.
Sensex surges over 800 points: What's driving today's rally?
India's benchmark indices, Sensex and Nifty, witnessed a major surge on Friday.
OpenAI's AGI deployment chief steps down, citing health issues
Fidji Simo, the No. 2 executive at OpenAI, is stepping down from her full-time role and transition to a part-time advisory position instead.
After record rupee defence, RBI faces $100B challenge
The Reserve Bank of India (RBI) is facing a major challenge in unwinding its massive short dollar position without destabilizing the currency market.
Microsoft layoffs: What employees will receive in severance
Microsoft has announced a major layoff, with plans to cut around 4,800 jobs or about 2.1% of its global workforce.
Google appeals Indian court's keyword bidding ruling
Google has challenged an Indian court ruling that found it infringed trademark rights by allowing competitors to bid on a company's trademarked name as a keyword for advertising.
Reddit post claims AI replaced 90% of developers, sparks debate
A recent Reddit post has sparked a heated debate over the impact of artificial intelligence (AI) on software engineering jobs.
FII selling shows signs of easing amid lower oil prices
Foreign Institutional Investors (FIIs) have been on a selling spree in the Indian stock market, pulling out over $60 billion since September 2024.
Groww now offers regular mutual funds to Prime users
Groww, India's largest stockbroker by active users, has started offering regular mutual funds on its Groww Prime platform.
India to remain world's fastest-growing major economy: International Monetary Fund
India is set to retain its title as the world's fastest-growing major economy, with a projected growth rate of 7% in 2026, according to the International Monetary Fund (IMF).
Volkswagen faces union protests over potential 100,000 job cuts globally
Volkswagen, Europe's largest carmaker, is facing backlash from its employees over a proposal to cut up to 100,000 jobs and close several factories.
TCS Q1 net profit at ₹13,349cr, misses estimates
Tata Consultancy Services (TCS), India's top IT services provider, has reported its fiscal first-quarter earnings.
New Zealand's 57% exports to India go tariff-free under FTA
Ahead of Prime Minister Narendra Modi's visit, New Zealand Prime Minister Christopher Luxon has announced that 57% of his country's exports to India will be tariff-free.
SK Hynix's $28B US share sale draws 7x investor demand
SK Hynix, a leading South Korean memory chipmaker, has witnessed an overwhelming response to its proposed $28 billion share sale in the US.
Chandrasekaran to oversee Air India until new CEO is named
Tata Sons has formed an interim management committee to oversee Air India until a new CEO is appointed.
India's growth forecast revised to 6.6% amid oil price concerns
The Asian Development Bank (ADB) has revised India's growth forecast for the fiscal year 2026-27 (FY27) to 6.6%, down from its earlier estimate of 6.9% in April.