Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
India's forex reserves surge by $1.08B to $676.237B
India's foreign exchange reserves rose by $1.08 billion to touch $676.237 billion in the week ended July 17, data released by the Reserve Bank of India (RBI) has showed.
Why Trump has ordered Section 301 investigation into EU
US President Donald Trump has slammed the European Union (EU) for imposing an €890 million ($1 billion) fine on Google.
Defense giant Anduril eyes $100B valuation in new funding
Anduril, a leading player in the defense tech sector, is reportedly in talks to raise new capital at a whopping $100 billion valuation.
SBI Cards Q1 results: Net profit rises 19.5% to ₹664cr
SBI Cards and Payment Services Ltd, India's leading pure-play credit card issuer, has reported a 19.5% year-on-year rise in net profit for the first quarter of FY27.
Why Trip.com has been fined $770M in China
China's market regulator has slapped a massive penalty of CNY 5.2 billion ($770 million) on Trip.com Group for abusing its dominant position in the country's online hotel-booking market.
Sam Altman's World start-up raises $52.5M via crypto sale
World, the online verification start-up co-founded by OpenAI's Sam Altman, has raised $52.5 million through a crypto token sale.
Volkswagen engineers charged with $300,000 insider trading scheme
The US Department of Justice has charged two Volkswagen engineers, Michael Stamp and Marcus Plank, with securities fraud.
LinkedIn co-founder's AI start-up to raise funds at $1B valuation
Prentis, a new artificial intelligence (AI) research lab focused on computer use models, is in talks to raise $100 million at a valuation of $1 billion.
Paramount's $110B merger with Warner Bros paused until June 2027
Paramount Skydance has agreed to pause its $110 billion acquisition of Warner Bros. Discovery, until a court rules on a lawsuit filed by 12 US states challenging the deal or until June 1, 2027.
ITR deadline: 5 penalties taxpayers can face for late filing
Income tax authorities have highlighted different consequences for various defaults or irregularities in tax filing.
NVIDIA signs $1.5B chip packaging deal with Amkor
NVIDIA has signed a multi-year agreement worth $1.5 billion with Amkor Technology, a leading semiconductor packaging company.
Flipkart to launch food delivery service in coming weeks
Walmart-owned e-commerce giant Flipkart is gearing up to enter India's online food delivery space. The company will be taking on established players like Zomato and Swiggy.
India's private sector growth hits 4-year low in July
India's private sector growth has hit a four-year low in July, mainly due to a sharp slowdown in the services sector.
Patreon lays off 20% of workforce
Patreon, the popular content subscription platform, has announced a major layoff, cutting 20% of its workforce. The decision affects around 93 employees.
Oracle bags Pentagon software deal worth $7B
The US Department of Defense has awarded a nearly $7 billion contract to Oracle, the tech giant co-founded by billionaire Larry Ellison.
Sensex tanks 900 points: Key reasons behind today's decline
India's benchmark equity indices opened sharply lower today, marking the fifth consecutive session of losses.
Manipal Health fixes price band for ₹9,275cr IPO
Manipal Health Enterprises, the owner of the Manipal Hospitals chain, will launch its maiden public issue on July 29.
Brent crude tops $100 for first time since May
Brent crude oil prices have surged above $100 per barrel for the first time since May.
UAE to adopt India's DigiLocker for academic document verification
India and the United Arab Emirates (UAE) are working together to integrate India's DigiLocker with UAE's digital platforms.
SEBI proposes greater flexibility for portfolio managers investing client funds
The Securities and Exchange Board of India (SEBI) has proposed changes to its regulations governing portfolio management services (PMS).
Infosys Q1 profit rises 12% to ₹7,769cr
Infosys has reported a 12.3% year-on-year (YoY) increase in its consolidated profit for the April-June quarter of FY27.
JPMorgan to hire around 1,000 tech professionals in India
JPMorgan Chase has announced plans to hire around 1,000 technology professionals for its Global Capability Centers (GCCs) in India.
What is Fund My Staff, Ashneer Grover's new fintech start-up?
Ashneer Grover, the former MD and co-founder of BharatPe, has launched a new fintech platform called Fund My Staff.
EU fines Google $1B for Search and Play Store violations
The European Commission has slapped a hefty €890 million ($1 billion) fine on tech giant Google.
Google posts negative cash flow for 1st time since IPO
Google's parent company, Alphabet, has reported a negative free cash flow of $5.9 billion in the second quarter of 2026.
Blinkit grows bigger and more profitable
Eternal's latest shareholder letter reveals that Blinkit has grown nearly as big as Zepto and Swiggy Instamart combined. The company also remained profitable during this period.
CGHS pensioner cards go paperless via Bhavishya portal
The Ministry of Health and Family Welfare (MoH&FW) has launched a paperless application process for the Central Government Health Scheme (CGHS) pensioner card.
Amazon lays off employees in AGI unit
Amazon has announced another round of layoffs, this time targeting its Artificial General Intelligence (AGI) unit.
Adani seeks change in rule to enter airline business
The Adani Group has approached the Indian government for a change in an existing rule that prohibits Delhi and Mumbai airport operators from holding more than 10% stake in a scheduled airline.
Why Qatar is extending its LNG force majeure
QatarEnergy is likely to extend the force majeure on liquefied natural gas (LNG) shipments until mid-October, people with knowledge of the matter told Reuters.
Uber cuts 10% of customer service jobs in AI push
Uber Technologies has announced a major downsizing in its customer service division, laying off 10% of its customer service workforce.
Indo-MIM IPO opens today with 38% GMP
Indo-MIM Ltd has launched its initial public offering (IPO) today. The offer will remain open until July 27.
Alphabet becomes first company to report $100B quarterly profit
Google-parent Alphabet has become the first company in history to report over $100 billion in quarterly profit.
Xtranet Technologies IPO opens today: Should you bid?
Xtranet Technologies, an IT solutions provider, has launched its initial public offering (IPO) today. The three-day bidding period will end on July 27.
Tesla's Q2 revenue jumps 26% but profitability still a concern
Tesla has reported a strong recovery in its financial performance for the second quarter of 2026.
Google parent raises 2026 AI spending to $205B
Google's parent company, Alphabet, has announced a major increase in its capital expenditure plans for 2026.
Crude oil prices near $100 as US-Iran tensions escalate
Commodity markets witnessed a mixed bag on July 23. Crude oil prices hit their highest in over six weeks amid rising tensions in the Middle East.
Sensex down 800 points: Why Indian stock market crashed today
The Indian stock market witnessed a major selloff today, with the Sensex crashing over 800 points to hit an intraday low of 76,641.19.
IndiGo shares down 3% today: Here we decode why
Shares of InterGlobe Aviation, the parent company of IndiGo, fell over 3% to ₹5,128 apiece.
From Pixar to National Geographic, Disney axes hundreds of jobs
The Walt Disney Company has announced a major round of layoffs, impacting several hundred employees across various divisions.