Business News
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7 companies set to launch IPOs next week
The primary market is gearing up for a busy week with seven companies, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart, planning to raise over ₹6,400 crore through initial public offerings (IPOs).
'Self-serving, disgusting': Why Flipkart's 'Freedom Sale' ad is facing backlash
E-commerce giant Flipkart is facing severe criticism over its latest advertisement for the "Freedom Sale."
This SRK-backed company wants to raise ₹660cr via IPO
Purple Style Labs, the parent company of Pernia's Pop-Up Shop and backed by Shah Rukh Khan and Sachin Tendulkar, is gearing up to launch a ₹660 crore initial public offering (IPO) by the end of August.
How Modi government plans to protect India from LPG shortage
In a major policy shift, the Indian government has set refinery- and company-specific maximum LPG production levels for the first time.
AI fires human employee for being late
In a first-of-its-kind incident, an artificial intelligence (AI) system has fired a human employee from a retail store in San Francisco.
Project Insight-2.0 debuts on January 27: How it helps taxpayers?
The Finance Ministry is gearing up to launch Project Insight 2.0, on January 27, 2028.
This billionaire hedge fund manager might lose $6.2B in divorce
Billionaire hedge fund manager John Overdeck is embroiled in a multi-billion dollar divorce battle with his wife, Laura.
Why Meta is staring at potential $200B penalty in US
A coalition of US states is seeking around $200 billion in damages from Meta.
Can India be a $20T economy by 2036?
India has the potential to become a $20 trillion economy by 2036, according to a report by Equirus.
Market cap of India's top 5 companies down ₹1L crore
The combined market capitalization of five out of India's top 10 most valued companies fell by a whopping ₹1 lakh crore last week.
Global AI investment to hit $1 trillion: Goldman Sachs
Goldman Sachs Research has predicted that global investment in artificial intelligence (AI) will reach around $1 trillion by 2026.
FPIs invest ₹16,621cr in Indian equities in August
Foreign portfolio investors (FPIs) have invested ₹16,621 crore in Indian equities during the first half of August.
Indian-origin CEO who fired 900 employees over Zoom loses job
Vishal Garg, the Indian-origin CEO of Better Home & Finance, has been ousted from his position.
Anthropic CEO's wife pitched 'luxury porn' business to Jeffrey Epstein
Cami Clark, the entrepreneur and wife of Anthropic CEO Dario Amodei, is under renewed scrutiny over her past business dealings with convicted child sex offender Jeffrey Epstein.
Anthropic is eyeing $190-$200B revenue by 2028: Report
Anthropic, a leading artificial intelligence (AI) company, is forecasting a staggering revenue of $190-200 billion by 2028.
Modi government reduces windfall tax on diesel, ATF exports
The Indian government has announced a reduction in the windfall tax on diesel as well as aviation turbine fuel (ATF) exports.
Google parent is now Berkshire Hathaway's 3rd largest investment
Warren Buffett's Berkshire Hathaway has increased its stake in Alphabet, the parent company of Google, by a staggering 83% in the second quarter.
Why AGM of Tata Sons is in doubt
The annual general meeting (AGM) of Tata Sons, the holding company of the Tata Group, is in jeopardy.
Modi government launches special disclosure scheme for foreign assets, income
The Indian government has launched a special disclosure scheme for taxpayers to declare specific foreign assets and undisclosed income.
Modi wants 50 Indian firms in Fortune 500 by 2036
On Independence Day, Prime Minister Narendra Modi challenged Indian businesses to aim for global leadership in sectors like banking, pharmaceuticals, consulting, and technology.
US: Customers can't file class-action lawsuits against Amazon anymore
Amazon has reintroduced binding arbitration for its US customers, effectively barring them from filing class-action lawsuits.
Stripe and Advent International in talks to acquire PayPal
PayPal, the leading digital payments company, is said to be in talks with a consortium of investors, including Stripe and private equity firm Advent International for a sale.
Race to succeed Natarajan Chandrasekaran as Tata Sons chairman begins
The race to succeed Natarajan Chandrasekaran as the chairman of Tata Sons has begun, with a mix of senior executives and family members in the fray.
Musk's pay 2.5M times higher than average Tesla worker's
A report by the AFL-CIO, America's largest labor union federation, has revealed that Elon Musk's compensation at Tesla in 2025 was an astounding 2.5 million times more than that of an average employee at the company.
Russia supplies over 50% of India's oil imports in July
India's dependence on Russian crude oil has hit an all-time high, with imports from the country accounting for 50.83% of total imports in July or or 2.47 million barrels per day (bpd)
How Lakers' $12.5B sale came together in one weekend
The Los Angeles Lakers, one of the most iconic franchises in sports history, has been sold for a record-breaking $12.5 billion.
BSNL ₹1 plan offers unlimited calling, 1GB/daily data, 100 SMS
Bharat Sanchar Nigam Limited (BSNL) has reintroduced its ₹1 prepaid plan for new customers across all telecom circles.
Shiprocket IPO closes today, GMP signals 36% listing gain
Shiprocket, one of India's leading e-commerce enablement platform, has witnessed a stellar response for its IPO.
Zee shares jump 7% as SAT clears ₹3,143cr fundraise
Shares of Zee Entertainment Enterprises Ltd (ZEEL) jumped by 7% on Friday after the Securities Appellate Tribunal (SAT) provided interim relief in its case against the Securities and Exchange Board of India (SEBI).
India's wholesale inflation cools but stays near 10% in July
India's wholesale inflation has eased to 9.78% in July, down from June's 9.87%, according to data released by the Ministry of Commerce on Friday.
Musk owns 48.4% of SpaceX, stake worth over $900B
Elon Musk owns a whopping 48.4% of SpaceX, according to a regulatory filing. The stake is worth over $900 billion at current market prices.
Trump slaps 100% tariffs on drones and aircraft component imports
US President Donald Trump has announced a major tariff hike on the existing import of drones and unmanned aircraft systems (UAS) components.
Technocraft Ventures debuts at 34% premium over IPO price
Technocraft Ventures, an infrastructure development company, has made a strong debut on Dalal Street.
OpenAI revenue nearly doubles to $40 billion
OpenAI, the company behind ChatGPT and Codex, has seen its annualized revenue run rate exceed $40 billion. The figure is nearly double what it was at the end of 2025.
OpenAI sees 2nd major executive departure in a week
OpenAI's Chief Revenue Officer, Denise Dresser, has announced her resignation after a brief stint with the company. The move comes as part of a wave of high-profile departures from the ChatGPT-maker.
Chipmaker CXMT becomes China's most valuable company
CXMT Corp. has surpassed Tencent Holdings to become the most valuable Chinese company in the world.
Fintech start-up Navi taps banks for $315M IPO
Fintech start-up Navi Ltd. is gearing up for an initial public offering (IPO) in India, with plans to raise as much as ₹30 billion ($314 million), according to Bloomberg.
Lenskart shares hit 52-week high after strong Q1 results
Lenskart Solutions Ltd. has witnessed a surge in its share price, hitting a new 52-week high of ₹626.95 per share today.
How much oil does India have in strategic reserves?
India imports over 85% of its crude requirements, making it vulnerable to disruptions in global supply chains.
Apple sued for misleading users about iCloud+ privacy benefits
Apple is facing a proposed class-action lawsuit in California.