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Iran's currency nears 2M to a dollar as pressure mounts
Iran's currency, the rial, is on a downward spiral, nearing the unofficial market rate of two million to a US dollar.
Air India, IndiGo, SpiceJet issue advisories for Delhi passengers
Air India, IndiGo, and SpiceJet have issued travel advisories for passengers due to adverse weather conditions in Delhi.
Godrej to invest ₹20,000cr in Haryana, create 40,000 jobs
Godrej Industries Group has signed a Memorandum of Understanding (MoU) with the Haryana government to invest ₹20,000 crore in the state.
Warner Bros merger: California's AG cancels meeting with Paramount
California's Attorney General Rob Bonta has canceled a meeting with Paramount Skydance executives today, The New York Times reported.
Alibaba shares crash after $10B AI fundraising plan
Alibaba's shares plunged nearly 11% on Monday after the Chinese tech giant announced a massive HK$80 billion ($10.2 billion) share placement to fund its artificial intelligence (AI) expansion.
Gold prices surge to 3-month high
Gold prices have surged to their highest level in over three months, reaching over $4,641 per ounce.
Selection process for next Tata Sons chairman is now underway
The Sir Dorabji Tata Trust (SDTT) has begun the process of forming a selection committee to recommend the next chairman of Tata Sons, as per Moneycontrol.
This renewable energy firm is planning $800M IPO in India
Avaada Electro, the solar manufacturing division of Avaada Group, is gearing up for an initial public offering (IPO) that could raise as much as $800 million, as per Bloomberg.
Modi government reopens AI vendor empanelment: Why it matters
The Ministry of Electronics and Information Technology (MeitY) has reopened its empanelment process for agencies providing artificial intelligence (AI) and machine learning (ML) manpower and project support to the government.
NVIDIA might invest in AI start-up Perplexity at $30B valuation
NVIDIA is considering an investment in AI start-up Perplexity, The Information reported.
SoftBank plans record $6.3B bond issue to fund AI investments
SoftBank Group, the Japanese technology investor, has announced its plan to issue ¥1 trillion ($6.29 billion) worth of seven-year corporate bonds.
Bank unions announce nationwide strikes over 5-day work week, PLI
The United Forum of Bank Unions (UFBU), an umbrella group of major bank employee and officer unions, has called for nationwide strikes.
Skyways Air IPO launches with 23% GMP: Apply or avoid?
Skyways Air Services, a leading air freight forwarding and logistics company based in Delhi, has launched its initial public offering (IPO) today. The issue will close on August 27.
GMR plans $2B expansion at Delhi and Hyderabad airports
GMR Airports, a leading player in India's aviation sector, has announced plans to invest nearly $2 billion (approximately ₹19,400 crore) in the expansion of its New Delhi and Hyderabad airports.
SHEIN launches IPO at $27B valuation, 70% below peak
Fast fashion giant SHEIN has launched its initial public offering (IPO) in Hong Kong, aiming to raise HK$13.86 billion ($1.77 billion).
Centre launches 'Kanda Express' as onion prices rise 45%
The Indian government will launch "Kanda Express" from Monday, a special train service to transport onions from Maharashtra's buffer stock to major consumption centers.
EPFO members should complete 10-year service for monthly pension benefits
The Employees' Provident Fund Organisation (EPFO) has warned its eligible members to complete a mandatory 10-year service period.
Piyush Goyal to lead India's largest business delegation to Japan
Union Minister for Commerce and Industry, Piyush Goyal, will head a 200-member business delegation to Japan from August 24-27.
India-Mexico trade pact nearing completion
The Terms of Reference (ToR) for a potential trade pact between India and Mexico are "almost finalized," government sources have said.
Why Urban Company has sued Kent RO
Urban Company has filed a defamation and disparagement suit against Kent RO Systems in the Delhi High Court.
This hospitality chain is planning ₹1,000cr IPO by December
Pride Hotels, a leading hospitality chain, is gearing up for its initial public offering (IPO) in India by December 2026.
Commerce Secretary to visit Latin America, focus on trade ties
Commerce Secretary Rajesh Agrawal will be visiting Latin America from August 24 to 28.
Flipkart Minutes closing in on Instamart's scale
Walmart-owned Flipkart is giving established players like Swiggy Instamart, Blinkit, and Zepto a run for their money in the quick-commerce space.
New York surpasses San Francisco as US's top tech hub
New York City has outpaced San Francisco as the leading hub for tech talent in the US, according to CBRE.
SpaceX expands supply chain team in India amid Starlink delay
Elon Musk's SpaceX is expanding its supply chain team in India, despite the commercial launch of Starlink being stalled by pending security clearances.
Alibaba to raise $10B via share sale for AI purposes
Chinese e-commerce and cloud computing giant Alibaba has announced plans to raise HK$80 billion (around $10.2 billion) through a share placement.
FPIs invest over ₹23,500cr in Indian equities this August
Foreign portfolio investors (FPIs) have made a major investment in Indian equities this month, pumping in ₹23,544 crore so far.
SBI's total business to reach ₹200L crore by 2030
State Bank of India's (SBI) total business could double to ₹200 lakh crore by 2030, Chairman C S Setty has said.
Market cap of India's top 4 firms down ₹87,960cr
Four of India's top 10 companies witnessed a massive erosion of ₹87,960 crore in their market capitalization last week.
AI creating more jobs than destroying them in India
A recent report by Nomura has revealed that artificial intelligence (AI) is creating more jobs than it is destroying in India.
Starbucks India wants to match scale of Chinese outlets
Starbucks India, in partnership with Tata Consumer Products Ltd (TCPL), is gearing up to resume its aggressive store expansion strategy.
Andhra Pradesh greenlights ₹31,400cr AI data center in Visakhapatnam
The Andhra Pradesh government has approved the establishment of a 512MW green integrated artificial intelligence (AI) data center in Visakhapatnam district.
How Modi government plans to help local chip firms grow
The Indian government is working on a plan to help local semiconductor chip firms negotiate better terms with global foundries.
Indian banks to remain closed on these days next week
Public and private sector banks across India will observe several holidays next week.
India-US trade deal 'almost' finalized in principle: Sergio Gor
The India-US trade agreement is "almost" finalized in principle, according to US Ambassador to India Sergio Gor.
Why Cochin airport has accused SpiceJet of spreading misinformation
Cochin International Airport Limited (CIAL) has accused SpiceJet of spreading misinformation over flight disruptions at the airport.
Donald Trump made securities trades worth $263M in June
US President Donald Trump made over 1,000 securities trades in June alone.
SoftBank to sell 2.6% stake in Lenskart for $300M: Report
SoftBank Vision Fund II Lightbulb Cayman is planning to sell up to a 2.6% stake in Lenskart, people familiar with the matter told CNBC-TV18.
Modi government clears LPG pipeline expansion project worth ₹7,000cr
India's oil regulator has approved the construction of nearly 1,800km of new Liquefied Petroleum Gas (LPG) pipelines.
AGM delay effect: Tata Trusts is losing ₹55.6L per day
A complaint has been filed with the Maharashtra Charity Commissioner against the trustees of Sir Ratan Tata Trust (SRTT).