Business News
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Nepal floods: Infosys Public Services CEO Lax Gopisetty is unreachable
Infosys has confirmed that its subsidiary, Infosys Public Services's CEO, Lax Gopisetty, is currently unreachable.
Why chip designer Marvell's shares faced a selloff yesterday
Chip designer Marvell Technology's shares fell over 8% to $221.6 during trading on Friday.
OpenAI decides to wind down Cursor contract
OpenAI has announced its decision to terminate the contract with Cursor, following its acquisition by SpaceX.
US Fed should raise rates to tackle inflation: Raghuram Rajan
Former Reserve Bank of India (RBI) governor Raghuram Rajan has called on the US Federal Reserve to hike interest rates in order to tackle rising inflation.
OpenAI asks court to dismiss Apple's trade secret lawsuit
OpenAI has filed a new petition, along with Chang Liu, Tang Tan, and io Products, asking the court to dismiss Apple's trade secret misappropriation complaint.
Amazon's new India unit targets counterfeiters, scam networks
Amazon has launched a new initiative called the Counterfeit Crimes Unit (CCU) to tackle e-commerce frauds in India.
Sandhya Devanathan, Meta's India and Southeast Asia chief, joins OpenAI
Meta's Vice President and Head of India and Southeast Asia, Sandhya Devanathan, has announced her resignation from the company after a decade-long association.
SoftBank seeks another $10B loan to fund OpenAI investment
SoftBank Group Corp. is looking for a $10 billion loan to finance its investment in US tech giant OpenAI, according to Bloomberg.
Tempsens Instruments doubles on debut, lists at 111% premium
Tempsens Instruments made a stellar debut on the stock market today, with its shares opening at a whopping 111% premium over the issue price.
TCS cuts bonuses to 60-70% as AI spending pressures margins
Tata Consultancy Services (TCS) has reportedly slashed the average quarterly variable pay for certain mid- and senior-level employees to 60-70% for the April-June quarter.
NVIDIA to launch employee-funded committee to influence US policy
NVIDIA, the leading tech giant, is all set to launch a new political action committee (PAC), NVPAC.
Gold jumps 14%, heads for best month since 1999
Gold prices have stabilized around $4,600 per ounce as investors await US interest rate decisions.
Hero MotoCorp raises Ather stake to 32.8% with ₹1,758cr investment
Hero MotoCorp has announced its decision to invest up to ₹1,758 crore in electric scooter manufacturer Ather Energy.
Anthropic to unveil IPO prospectus after September 7
Anthropic is preparing for an initial public offering (IPO) as investor enthusiasm for artificial intelligence start-ups continues to surge.
Dream11 pivots from fantasy gaming to AI-first sports platform
Dream11, one of India's leading fantasy sports platforms, has announced a major shift in its business model.
HDFC Bank shares hit 52-week low after US lawsuit
Shares of HDFC Bank hit a new 52-week low on Thursday, falling over 2% to an intraday low of ₹710 per share.
Deepinder Goyal's Temple buys longevity firm to boost wearable launch
Deepinder Goyal, the founder of health-tech start-up Temple, has announced the acquisition of London-based longevity medicine practice Longevous.
Samsung ordered to pay Swatch $11.6M over watch face designs
Samsung has been ordered by a UK court to pay $11.6 million to Swatch Group.
Blinkit, Instamart, Zepto cap sugar purchases as prices surge
Quick-commerce platforms such as Blinkit, Zepto, and Swiggy Instamart as well as retail chains like DMart and Reliance Retail have reportedly capped purchases of sugar to manage existing stocks and avoid shortages.
SHEIN to raise $1.7B in Hong Kong IPO
SHEIN, the popular online fast-fashion retailer, is gearing up for its Hong Kong initial public offering (IPO).
Hy-Tech Engineers IPO closes today as GMP surges to 85%
The final day of bidding for the Hy-Tech Engineers IPO has arrived, with investor interest remaining strong.
Wheat prices hit 3-year high as Russia-Ukraine war escalates
Wheat prices have hit a three-year high, as fears of an escalation in the Russia-Ukraine war continue to grow.
₹22,000cr dues, ₹6.5cr payout: NCLT approves Subhash Chandra's plan
The National Company Law Tribunal (NCLT) has approved a repayment plan by media baron Subhash Chandra in his personal insolvency resolution process.
NVIDIA's revenue doubles to $96B as AI demand surges
NVIDIA has reported a massive surge in sales due to the global demand for artificial intelligence (AI) systems.
Thinking Machines Lab co-founder to join Google
Barret Zoph, the co-founder of artificial intelligence start-up Thinking Machines Lab, is set to join Google DeepMind as its Vice President of Research.
Lumino Industries IPO opens with 61% GMP: Apply or avoid?
The ₹700 crore initial public offering (IPO) from Lumino Industries, a leading player in India's power transmission and distribution sector, has opened for subscription today.
SoftBank may acquire 1X, an OpenAI-backed robotics start-up
SoftBank is in negotiations to buy a majority stake in 1X Technologies, a humanoid robot start-up backed by OpenAI, according to The Information.
NVIDIA to acquire Hugging Face for $12.9B
NVIDIA has agreed to acquire AI platform Hugging Face for a whopping $12.9 billion, according to The Information.
Meta agrees to $18B settlement over child safety
Meta has agreed to pay $18 billion in a settlement with 29 US states over claims that it endangered children on its platforms, particularly Instagram and Facebook.
Microsoft paid CEO Satya Nadella $96.5M in FY25
Microsoft has announced a record-breaking compensation package of $96.5 million for its CEO, Satya Nadella, for the fiscal year 2025.
Modi government may slash gold and silver import duties
The Indian government is considering a reduction in the import duties on gold and silver, as per Moneycontrol.
Meta settles social media addiction lawsuit in US for $16.68B
Meta Platforms, the parent company of Facebook and Instagram, has agreed to a massive settlement in a social media addiction lawsuit.
Is India's IPO boom sucking liquidity from stock market?
The Indian stock market has been on a downward trend for two years, with the Nifty 50 index declining by 2% over the last two years and 2.5% in the last year.
Qatar's LNG exports are down 96%. Reason? US-Iran war
The ongoing US-Iran conflict has taken a heavy toll on Qatar's economy, one of the world's top liquefied natural gas (LNG) exporters.
Flipkart Minutes overtakes Instamart's dark-store count in top 10 cities
Flipkart's quick commerce service, Minutes, has outpaced Swiggy's Instamart in terms of dark-store count and pincode coverage across India's top 10 cities.
Airbnb not a lucrative earning source for Indians anymore
Airbnb, once a lucrative platform for Indian homeowners to earn extra income, is witnessing a shift in its dynamics.
Volkswagen CEO booed by workers over mass layoffs, factory closures
Volkswagen's CEO Oliver Blume was met with boos and whistles at the company's headquarters.
Why flights in India are unlikely to become cheaper
Airfares in India and the Asia-Pacific region are likely to remain high, even with a decline in jet fuel prices.
Forget SpaceX, Anthropic sees more than $30T in potential revenue
Artificial intelligence (AI) company Anthropic is gearing up for its initial public offering (IPO) by pitching a whopping total addressable market (TAM) of over $30 trillion, as per the Wall Street Journal.
DeepSeek nears $74B valuation in new funding round before IPO
Chinese artificial intelligence (AI) start-up DeepSeek is close to completing a new funding round.