Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Dholera semiconductor plant to produce India's first wafer by 2028
India's first semiconductor fabrication plant, located in Dholera, is expected to produce its first wafer by 2028.
Volkswagen may cut another 4,100 jobs at Porsche
Volkswagen is considering another round of job cuts at its luxury brand Porsche, according to German business daily Handelsblatt.
India's GDP to reach $38 trillion: NSA Ajit Doval
National Security Advisor (NSA) Ajit Doval has predicted that India's Gross Domestic Product (GDP) will grow from the current $4.015 trillion to a whopping $38 trillion in the next two decades.
India to generate 2.5L seasonal, gig jobs this festive season
India is expected to create between 2-2.5 lakh seasonal and gig jobs during the July-December festive season of 2026, a report by NLB Services has said.
AI cloud provider Nscale files for US IPO
Nscale, a cloud provider that specializes in infrastructure for artificial intelligence (AI) models, has filed to go public on the New York Stock Exchange.
FTAs are opening new markets for India's youth: PM Modi
Prime Minister Narendra Modi has emphasized the role of Free Trade Agreements (FTAs) in creating new markets and career opportunities for India's youth.
Sugar, onion prices stabilize after government intervention
The prices of essential commodities, sugar and onion, have stabilized over the past week.
US now accounts for 54% of India's software services exports
India's software services exports witnessed a growth of 8.2% to $221.4 billion in the fiscal year 2025-26 (FY26), excluding sales by overseas affiliates of Indian companies.
Anthropic targets November IPO at potential $2T valuation
Anthropic, the developer of Claude, is gearing up for its initial public offering (IPO) in November.
OpenAI expects $278B cash burn in next 5 years
OpenAI, the company behind ChatGPT, is expecting to burn through a massive $278 billion in cash between 2026 and 2030.
Oracle's $18B data center debt faces pressure amid local opposition
Oracle's $18 billion debt linked to a data center in New Mexico is facing pressure, the Financial Times reported.
Anthropic's annualised revenue may top $100B this year
Anthropic, the AI company behind Claude, is projected to surpass an annualized revenue of over $100 billion this year, as per a New York Times report.
AI could double US GDP growth by 2027: Elon Musk
Tesla chief executive Elon Musk has predicted that artificial intelligence (AI) could significantly boost the US economy.
Key executives leading Berkshire Hathaway's $1 trillion+ empire
Warren Buffett has officially stepped down as the chairman of Berkshire Hathaway, a move that marks a major shift in the company's leadership.
Tata Sons faces legal fight as Trusts challenge Chandrasekaran's reappointment
The ongoing dispute between Tata Sons and Tata Trusts over N Chandrasekaran's reappointment as executive chairman could escalate into a long-drawn legal battle.
Ryanair CEO apologises after comparing competitors to rapists
Ryanair's Chief Executive Officer (CEO) Michael O'Leary has apologized for his controversial remarks comparing rival airlines to "rapists."
Centre to oversee UPI MDR charges daily from October 15
The Indian government has announced that it will start monitoring the Merchant Discount Rate (MDR) for Unified Payments Interface (UPI) transactions on a daily basis, starting October 15.
India's crude oil imports fall over 11% in August
India's crude oil imports last month fell by over 11% from July, amounting to 19.01 million metric tons, government data revealed today.
FSSAI takes legal action against Nestle India over infant products
The Food Safety and Standards Authority of India (FSSAI) has launched legal action against Nestle India for multiple violations of the Food Safety and Standards Act.
Incentives for BHIM-UPI, RuPay debit card transactions might be removed
The Indian government is planning to withdraw the existing incentive scheme for BHIM-UPI and RuPay debit card transactions.
Warren Buffett named chairman emeritus of Berkshire Hathaway
Warren Buffett, the legendary investor and Chairman of Berkshire Hathaway, has stepped down from his position.
TRAI's new rules will improve spam detection in India
The Telecom Regulatory Authority of India (TRAI) has updated its regulations to tackle unsolicited commercial communications (UCC).
India's net direct tax collection up 13% to ₹12.1L crore
India's net direct tax collections have increased by a whopping 12.96% year-on-year, reaching ₹12.12 lakh crore as of September 17, for the financial year 2026-27.
MuscleBlaze maker is planning ₹2,800-3,800cr IPO in India
HealthKart, a leading brand in fitness supplements, is mulling an initial public offering (IPO) to raise between $300 million and $400 million (₹2,800-3,800 crore), as per Mint.
FCC approves foreign investment in Paramount Warner merger with restrictions
The US Federal Communications Commission (FCC) has approved a request from Paramount and Skydance to allow foreign investors to participate in their $110 billion acquisition of Warner Bros. Discovery.
Chinese AI firms lag far behind OpenAI in revenue
China's leading artificial intelligence (AI) firms generate only about 10% of the revenue reported by OpenAI alone, a new analysis from Rhodium Group has revealed.
Shapoorji Group chairperson backs listing of Tata Sons
Shapoorji Pallonji Group Chairman, Shapoor Mistry, has welcomed the Reserve Bank of India's (RBI) listing decision on Tata Sons.
India's GDP to grow 7% in FY27, says Moody's
Credit ratings agency Moody's has revised India's real Gross Domestic Product (GDP) growth forecast for the current fiscal year from 6% to a more optimistic 7%.
IDFC FIRST Bank waives forex markup on its credit cards
In a major customer-friendly move, IDFC FIRST Bank has announced the removal of forex markup charges on all its existing and new credit cards.
Disney appoints Adam Smith as chief of streaming business
The Walt Disney Company has appointed insider Adam Smith as the chairman of its streaming business.
OpenAI hires former SpaceX executive as global sales chief
OpenAI has announced the appointment of Brian McCarthy as its Vice President of Global Sales.
You can use Apple Pay in India from October
Apple is all set to launch its payment service, Apple Pay, in India next month.
Why Japan has raised key interest rate to 31-year high
Japan's central bank, the Bank of Japan (BOJ), has raised its key interest rate to a 31-year high.
IndiGo hikes infant fee, baggage and priority service charges
IndiGo has announced a revision in its fare structure, affecting several services.
Barclays staff revolt against return-to-office mandate
Barclays is facing a major backlash over its return-to-office policy, with thousands of employees demanding compensation for travel expenses and an exemption for those living more than 40 minutes away.
Diwali orders from GCC countries push India's food exports higher
India's food exporters are witnessing a major surge in overseas orders, particularly ahead of the Diwali festival.
Insurance premiums won't get costlier despite new UPI fees
The National Payments Corporation of India (NPCI) has announced a 0.4% merchant discount rate (MDR) on select high-value person-to-merchant UPI transactions, with a cap of ₹300 per transaction.
TCS launches custom chip design services
Tata Consultancy Services (TCS) has launched its Custom System-on-Chip (SoC) Design Services.
Tata Sons board approves public listing proposal
Tata Sons' board has approved a proposal for the company's public listing.
Tim Cook, Sam Altman to attend Trump-Xi Jinping state dinner
Tim Cook, the Executive Chairman of Apple Inc. and Sam Altman, the CEO of OpenAI, will attend a state dinner hosted by US President Donald Trump for Chinese President Xi Jinping next week, according to Bloomberg.