Business News
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MV Electrosystems shares list at 22% premium over IPO price
Mumbai-based MV Electrosystems made a strong debut on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) today.
Etsy lays off 12% of employees to streamline operations
Etsy, the popular marketplace for handmade and vintage items, has announced a major restructuring plan.
This bank spends $250M annually on weight-loss drugs for employees
Bank of America (BoA) is spending over $250 million annually to provide GLP-1 weight loss drugs to its employees.
NPS extends same-day investment window for faster NAV allocation
The Pension Fund Regulatory and Development Authority (PFRDA) has extended the cut-off time for same-day investment of National Pension System (NPS) contributions by two-and-a-half hours.
You can now invest in fixed deposits using PhonePe
Leading digital payments platform PhonePe has launched a new feature on its app - the ability to book fixed deposits (FDs) with partner banks and non-banking financial companies (NBFCs).
Shiprocket IPO price set at ₹92-97; issue opens August 12
Shiprocket, a logistics technology company backed by Bertelsmann, Temasek, Tribe Capital and Eternal, has fixed the price band for its initial public offering (IPO) at ₹92-97 per share.
Air India appoints Tewolde Gebremariam as new CEO
Air India has appointed Tewolde Gebremariam as its new Chief Executive Officer (CEO) and Managing Director (MD).
US pays back $100B in Trump tariff refunds
The Trump administration has refunded nearly $100 billion in tariffs it collected before the US Supreme Court declared them illegal.
When will India introduce plastic notes? RBI Governor shares timeline
The Reserve Bank of India (RBI) is gearing up to introduce plastic currency notes in the country.
Central banks bought 51 tons of gold in June: WGC
Central banks across the globe made their biggest gold purchases of the year in June, according to data from the World Gold Council (WGC).
Centre warns restaurants against levying unlawful service charges
The Indian government has warned hotels and restaurants against levying automatic service charges on customers' bills.
AMD's data center revenue doubles as gaming loses ground
AMD has reported a massive surge in its data center revenue, driven by the increasing demand for artificial intelligence (AI) capacity.
Texas halts new data center approvals over electricity grid concerns
Texas Governor Greg Abbott has halted the approval of new data centers, citing concerns over their potential impact on the state's electrical grid.
RBI holds repo rate: What it means for your FD
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.25%.
FIFA game maker goes private after $55B acquisition
Electronic Arts (EA) has officially transitioned into a private company.
Paramount-WBD merger trial scheduled for March 2027
A US District Judge has scheduled the trial for the merger between Paramount and Warner Bros. Discovery (WBD) from March 2 to March 19, 2027.
Jeff Bezos to sell $4B worth of Amazon shares
Jeff Bezos, the founder of Amazon, has filed plans to sell around 15 million shares in the tech giant.
No fuel for uninsured vehicles? SC suggests pilot project
The Supreme Court of India has directed the Central government to launch a pilot project that would deny fuel to vehicles without valid third-party insurance.
SpaceX spent $295M on Tesla Megapacks in Q2
SpaceX has made a major investment in Tesla's Megapack battery storage devices, spending $295 million in Q2 and a total of $329 million so far this year.
Anthropic signs $10B AI cloud deal with Volta
Anthropic has signed a massive $10 billion deal with AI cloud start-up Volta.
RBI keeps repo rate unchanged at 5.25%
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.25%.
SpaceX revenue doubles with Starlink and AI compute deals
SpaceX has announced a whopping 92% jump in revenue for the second quarter, its first earnings report since going public.
China's services growth slows to 10-month low
China's services sector growth has slowed down to its lowest pace in nearly a year, with the Purchasing Managers' Index (PMI) falling sharply from 54.1 in June to 50.4 in July.
Will UPI payments become chargeable? Centre moves to enable MDR
The Indian government has introduced a bill to amend the Payment and Settlement Systems Act, 2007.
FSSAI bans Old Monk for adding rum flavor to rum
The Food Safety and Standards Authority of India (FSSAI) has banned the sale of three variants of Old Monk rum. The affected variants are The Legend, Gold Reserve, and XXX Matured Rum.
RBI revises FD rules for small finance banks from October
The Reserve Bank of India (RBI) has announced new guidelines for small finance banks (SFBs) on fixed deposit (FD) interest rates and related matters.
Nazara slips into loss as Nitish Mittersain exits CEO role
Nazara Technologies, a leading online gaming company, has reported a 14% year-on-year decline in its revenue from operations for the quarter ending June 30.
Bending Spoons buys Airtable in $1.3B deal
Italian tech company Bending Spoons has announced its first acquisition since going public on NASDAQ last month.
JioBlackRock enters ETF market with Nifty 50 fund
JioBlackRock Asset Management, a partnership between Jio Financial Services and BlackRock, has launched its first exchange-traded fund (ETF) in India.
Snap shares surge after Q2 revenue beats expectations
Snap Inc has reported better-than-expected revenue and earnings for the second quarter. The company's stock jumped nearly 8% in extended trading following the news.
India to overhaul tax framework to boost manufacturing, foreign investment
The Indian government is planning a major overhaul of its tax framework, with the aim of boosting manufacturing and attracting foreign investment.
FAA certifies Boeing 737 MAX 7 after years of scrutiny
Boeing's 737 MAX 7, the smallest variant of its best-selling aircraft family, has been certified by the US Federal Aviation Administration (FAA).
LIC shares crash 9% after Centre's discounted stake sale
Shares of Life Insurance Corporation of India (LIC) have witnessed a massive sell-off on Tuesday, with a decline of nearly 9%.
Dabur banned from selling food products with '100 percent' claims
The Food Safety and Standards Authority of India (FSSAI) has banned Dabur India Ltd from selling a range of food products carrying "100 percent" claims.
Finance Ministry approves raising EPF wage ceiling to ₹25,000
The Finance Ministry has approved a proposal to raise the wage ceiling for mandatory coverage under the Employees' Provident Fund (EPF) and Employees' Pension Scheme (EPS) to ₹25,000 per month.
Can't find old PF account? EPFO's new feature can help
The Employees' Provident Fund Organisation (EPFO) has launched a new "Service History" feature to help members keep track of their employment records.
Australia increases levy on Big Tech over local news deals
Australia has increased the rate of a planned levy on tech giants, including Meta, Google, and TikTok.
Spinny converts into public company ahead of planned IPO
Spinny, a leading player in the used car retailing space, has taken a major step toward its planned initial public offering (IPO).
Sarvam AI nears ₹700cr funding led by NVIDIA
Indian AI start-up Sarvam is gearing up to raise $74 million (around ₹700 crore) in an extension of its Series B funding round.
Zepto's shares take a hit as quick-commerce firm delays IPO
Zepto's unlisted shares have witnessed a massive 23% decline in the last five trading sessions.