Business News
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Tesla considers separating China business amid SpaceX merger talks: Report
Tesla is considering the separation of its China business in light of a possible merger with SpaceX, The Wall Street Journal reported.
KOSPI rockets 17% as Samsung, SK Hynix lead rebound
South Korea's benchmark KOSPI index staged a remarkable recovery on Friday, soaring 17% to recover most of the losses incurred earlier this week.
Zepto pauses listing plans, seeks over ₹1,000cr in pre-IPO funding
Zepto, a leading player in the quick commerce industry, has decided to put its initial public offering (IPO) plans on hold, as per Moneycontrol.
L&T to create in-house ecosystem for making EV components
Larsen & Toubro Electronic Products & Systems (LTEPS) has announced its plan to provide an entire ecosystem of mobility solutions in-house.
Why RBI sold $7B last Friday
The Reserve Bank of India (RBI) sold around $7 billion last Friday in a bid to defend the Indian rupee.
ITR filing deadline tomorrow: What happens if you miss it
The deadline for filing Income Tax Returns (ITR) for the Assessment Year (AY) 2026-27 is tomorrow.
Mahindra's Q1 results: Net profit rises 6.8% to ₹3,685cr
Mahindra & Mahindra, a leading Indian automaker, has reported a 6.8% rise in its standalone profit after tax for the quarter ending June 30.
Flipkart now lets you pay for products within 30 days
Flipkart has launched a new credit service called "Flipkart Pay Later," in partnership with PayU Finance.
PhonePe introduces PulsePro, an intelligence platform for businesses
PhonePe has launched a new enterprise intelligence platform called PulsePro.
India's gold demand down 6% in Q2: What's the reason?
India's gold demand fell by 6% to 131 tons in the June quarter (Q2), according to a report by the World Gold Council.
X settles 2-year legal battle with global advertising body
Elon Musk's social media platform, X, has settled a long-standing legal dispute with the World Federation of Advertisers (WFA).
Meta shares tank 11% as AI spending spree rattles investors
Meta, the parent company of Facebook, WhatsApp, and Instagram, has witnessed a major dip in its stock prices.
Microsoft revenue hits $90B as AI fuels record quarter
Microsoft's shares rose by 8% in after-hours trading on Wednesday, following the company's announcement of a strong fiscal fourth-quarter revenue and steady 2026 capital expenditure plans.
Samsung's profit explodes over 1,800% on AI chip demand
Samsung Electronics has reported a record-breaking quarterly operating profit for the second quarter of 2026.
Google Pay's new credit card is here: Check fee, benefits
SBI Card and Google Pay have teamed up to launch a new co-branded credit card.
Indo-MIM shares list at 45% premium over IPO price
Indo-MIM, a leading manufacturer of precision engineering components, has made a strong debut on the stock market.
Oil prices fall below $90
Oil prices have witnessed a slight decline as tankers continue to operate in West Asia, despite rising tensions.
Federal Reserve holds rates as 3 policymakers vote for hike
The US Federal Reserve has voted to keep its key interest rate unchanged, amid concerns over persistent inflation.
Air Force One delays push Boeing's losses past $3B
Boeing has announced a massive financial blow in the form of an additional $280 million loss related to its long-delayed Air Force One project.
Moonshot AI hits $35B valuation after Kimi K3 breakthrough
Chinese artificial intelligence (AI) start-up Moonshot AI has achieved a whopping $35 billion valuation, following a successful funding round that raised $3.5 billion.
Why Bengaluru restaurants are threatening to quit Swiggy and Zomato
Bengaluru's hotel and restaurant associations have threatened to stop accepting orders through leading food delivery platforms, Swiggy and Zomato.
New market closing rules could dent Zerodha revenue: Nithin Kamath
Nithin Kamath, the co-founder and CEO of Zerodha, has warned that a major change in India's equity market structure could impact the brokerage firm's revenue.
Adani Enterprises posts ₹1,160cr loss in Q1
Adani Enterprises, billionaire Gautam Adani's flagship firm, has reported a consolidated net loss of ₹1,160 crore for the June quarter, as against a net profit of ₹885 crore in the same period last year.
iPhones drive India's smartphone exports to record $9.8B in Q1
India's smartphone exports have hit a record high of nearly $10 billion in the first quarter of FY27.
BMW to cut 8,000 jobs by end of 2027
BMW has announced plans to offer voluntary redundancy to nearly half of its German workforce. The move is part of a larger strategy to cut around 8,000 jobs by the end of 2027.
Sensex surges 900 points: Key reasons behind today's rally
The Indian stock market is witnessing a major rally today, with the BSE Sensex soaring by over 880 points at the time of writing.
eBay to pay $56M to couple it harassed in 2019
In a bizarre chapter of e-commerce history, eBay has agreed to pay $56 million to a couple of newsletter writers.
iyO v/s OpenAI: Court halts proceedings amid settlement talks
The ongoing trademark lawsuit between iyO and OpenAI, along with Jony Ive, has been temporarily halted.
Why SK Hynix shares crashed despite 557% profit surge
South Korean chipmaker SK Hynix reported surging quarterly earnings, though its results fell short of high investor expectations fueled by the AI boom.
South Korea halts trading as AI chip selloff batters stocks
South Korea's benchmark Kospi index has witnessed a massive fall of over 11%. The decline has led to a market-wide trading halt for the second consecutive session.
BuzzFeed cuts 33% of workforce
BuzzFeed, the media giant that was an early adopter of artificial intelligence (AI), has announced a massive layoff.
Visa cuts 2,600 jobs
Visa, the world's largest payments network, is planning to lay off nearly 7% of its workforce.
Ferns N Petals plans IPO by end of 2028
Ferns N Petals, an Indian gifting retailer backed by Lighthouse, is planning to go public by the end of 2028.
India gets new digital payment fraud watchdog
The Indian government has launched the India Digital Payment Intelligence Corporation (IDPIC) to combat cyber financial frauds.
Delhi HC orders winding up of Paytm Payments Bank
The Delhi High Court has ordered the closure of Paytm Payments Bank Limited (PPBL), a move initiated by the Reserve Bank of India (RBI) after the bank's failure to comply with regulatory norms.
How Musk lost nearly $500B in a month
Elon Musk's net worth has witnessed a massive decline in July, plummeting from about $1.32 trillion to some $832 billion.
India's factory output rises 7.3% in June on manufacturing boost
India's industrial output witnessed a significant jump, growing at a rate of 7.3% year-on-year in June 2026.
Flipkart opens Ekart logistics network to businesses across India
Ekart, the supply chain arm of Flipkart Group, has opened its pan-India logistics network for external businesses.
NPCI working with banks, UPI apps to strengthen user privacy
The National Payments Corporation of India (NPCI) is working with Unified Payments Interface (UPI) apps and partner banks to implement the Digital Personal Data Protection (DPDP) law, according to Moneycontrol.
Flipkart trims stake in Shadowfax
Flipkart has reduced its stake in Shadowfax Technologies Ltd, a logistics solution provider, to 1.52% after selling over 3.37 crore shares through an open market transaction on July 24, according to a stock exchange filing.