Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Google rivals seek billions in damages after $1B EU fine
Google is facing a new wave of costly lawsuits in Europe, after losing a key case under new EU legislation.
AMD to hire 4,500 employees in India
Advanced Micro Devices (AMD), a leading US-based semiconductor company, has announced plans to expand its workforce in India.
Swiggy appoints ex-Myntra chief Nandita Sinha as Instamart CEO
Swiggy has announced a major leadership change in its quick commerce business, Instamart.
Why IT stocks are rising as AI chip stocks fall
The Indian IT sector has shown resilience amid a global sell-off in chipmakers.
Chinese AI infrastructure supplier Zhongji Innolight raises $6.8B in IPO
Chinese optical components manufacturer, Zhongji Innolight, has raised HK$53.41 billion ($6.81 billion) through its Hong Kong listing.
Indo-MIM IPO allotment today: How to check status online
Indo-MIM's initial public offering (IPO) allotment is likely to be finalized today.
SpaceX loses $1.2 trillion in market value in post-IPO slump
SpaceX has witnessed a massive decline in its market capitalization, losing over $1.2 trillion since hitting a peak price of $225.64 in June.
X Money digital payments service launched in US
Elon Musk's social media platform, X, has launched a new feature called 'X Money.'
Netflix faces lawsuit over executive's firing after team retreat
Kevin Baillie, a former Vice President and Head of Creative at Eyeline Studios, Netflix's visual effects division, has filed a lawsuit against the company.
Johnson & Johnson settles talc cancer lawsuits for $5.5B
Johnson & Johnson (J&J) has agreed to a landmark settlement of $5.5 billion, resolving thousands of lawsuits linking its talc products with ovarian cancer.
South Korea's KOSPI crashes 8% as chip stocks tumble
South Korea's KOSPI index plummeted by nearly 8% on Tuesday, triggering a temporary suspension of program trading.
Air India, Modi government partner to promote Indian tourism globally
The Ministry of Tourism (MoT) has signed a Memorandum of Understanding (MoU) with Air India.
Why HDFC Bank has fined its CEO, CFO ₹1L each
HDFC Bank has imposed a fine of ₹1 lakh each on its Managing Director and CEO Sashidhar Jagdishan, Chief Financial Officer Srinivasan Vaidyanathan, and Group Head-Retail Assets Arvind Vohra.
Why transfer of Ratan Tata's stocks to charity is delayed
The transfer of 3,368 Tata Sons shares owned by the late Ratan Tata to two charitable entities has been delayed.
Indians with ₹100cr+ income touches 5-year high, says Finance Ministry
The number of individuals declaring a gross total income (GTI) of ₹100 crore or more has hit a five-year high in India.
Why specialist deep-tech funds are now spawning in India
India's push for self-reliance in semiconductors, defense, space, and artificial intelligence (AI) is giving rise to a new breed of specialized deep-tech funds.
HCLTech will now cater to small businesses in India
HCL Technologies, India's third-largest IT services company, has launched a dedicated business unit for small and mid-sized companies.
Global IT spending to reach $6.37 trillion in 2026: Gartner
Global IT spending is projected to grow by 14.2% in 2026, reaching $6.37 trillion from $5.58 trillion in 2025, according to a recent report by Gartner.
Centre clears RBI proposal to test ₹10, ₹20 plastic banknotes
The Indian government has approved the Reserve Bank of India's (RBI) proposal to conduct field trials of polymer banknotes in the ₹10 and ₹20 denominations.
Shein swung to $99M loss in Q1. Reason? Donald Trump
Fast-fashion giant Shein, which is headquartered in Singapore but was founded in China, has reported a loss of $99 million in Q1 2026.
Apple negotiating lower prices for iPhone 18 Pro Max display
Apple is negotiating with its display suppliers to lower the prices of OLED panels for the upcoming iPhone 18 Pro Max.
Paytm users can now file ITRs via ClearTax for ₹11
Paytm has teamed up with ClearTax, a tax-filing platform, to provide online income tax return (ITR) filing services via its app.
Tata Sons FY26 profit jumps 22% to ₹31,961cr
Tata Sons has reported a 22% surge in its annual profit for the fiscal year ending March 2026.
How small-ticket loans are driving India's consumption story
India's consumption story is being driven by easy access to credit, with small-ticket consumer loans becoming the preferred financing option for discretionary purchases.
Why China's export curbs threaten $6.5 trillion supply chains
China's recent export restrictions on critical minerals and rare earth elements could endanger an estimated $6.5 trillion worth of annual downstream production outside the country, the International Energy Agency (IEA) has warned.
Deepinder Goyal's Temple doubles valuation to $375M in 5 months
Temple, a wearable tech start-up founded by Deepinder Goyal, the founder of Eternal, has launched an employee stock ownership plan (ESOP) liquidity program.
Why budget smartphones are struggling in India
India's smartphone market witnessed a major slowdown in the April-June quarter, with a 10% year-on-year (YoY) decline.
US appeals court blocks Trump's mail-in voting order
A federal appeals court has blocked President Donald Trump's executive order aimed at tightening mail-in voting rules in 23 states.
Why India's shipping costs are rising despite falling oil prices
Despite a decline in oil prices, India's shipping industry is still facing high freight costs.
Indian government bonds see rally today: What's the reason?
Indian government bonds witnessed a major rally at the start of the week today, recovering from last week's losses.
Can INR strengthen to 95/$ in coming months?
The Indian rupee could appreciate against the US dollar in the coming months, according to Anindya Banerjee, Head of Research-Currency, Commodity, and Interest Rate Derivatives at Kotak Securities.
Bitcoin rebounds above $65,000
Bitcoin (BTC), the world's largest cryptocurrency by market cap, has surged past the $65,000 mark. The price is up by some 1.2% in the last 24 hours.
What's driving the rally in Indian IT stocks today
Leading Indian IT stocks, including Infosys and Tata Consultancy Services (TCS), witnessed a significant surge in their share prices on Monday.
8th Pay Commission to hold meetings with stakeholders in September
The 8th Pay Commission has announced its plan to hold meetings with employee and pensioner bodies, as well as other stakeholders in Chennai and Puducherry.
RBI's latest move may bring $85B in forex inflows
India is poised to witness a major surge in Foreign Currency Non-Resident (Bank) deposits, with projections of inflows between $65-70 billion by the end of the scheme.
RBI's forex measures attract $32B in foreign inflows
The RBI Governor Sanjay Malhotra has revealed that banks have successfully mobilized nearly $32 billion through Foreign Currency Non-Resident Bank (FCNR(B)) deposits.
Why gold and silver prices are rallying today
Gold prices rose on Monday, buoyed by a weaker US dollar and lower Treasury yields.
China's factory profits slow as exports offset weak demand
China's industrial profits saw a 15.1% year-on-year increase in June, data from the National Bureau of Statistics showed on Monday.
India on track to meet ₹50,000cr defense export target
India is on track to achieve its defense export target of ₹50,000 crore by 2030.
Sensex jumps 600 points: What's driving today's rally?
The Indian stock market witnessed recovery today, with the Sensex and Nifty opening sharply higher.