Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
How Jio IPO will change stakes of Meta, Google
Jio Platforms, a subsidiary of Reliance Industries, is set to launch India's largest-ever public issue with an initial public offering (IPO) worth over ₹30,000 crore.
TSMC Q3 profit jumps 69% to record $23.6 billion
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, has reported a record third-quarter profit, beating estimates.
'Energy drink' ban could lead to nationwide stock-out: PepsiCo
PepsiCo has warned that a continued ban on the "energy drink" label could lead to a nationwide stock-out of its top-selling products, Sting and others, in two months.
Air India implements cost-saving measures amid $2B losses
Air India has formed a dedicated team to identify cost-saving opportunities across its operations, Reuters reported.
Bonfiglioli IPO opens with 30% GMP: Should you subscribe?
Bonfiglioli Transmissions, a leading player in the mechanical and electromechanical power transmission space, has opened its initial public offering (IPO) for subscription today.
Salary hikes in India to average 9% in FY27: Survey
India's salary growth is expected to remain strong at 9.1% in the fiscal year 2026-27, according to a survey by global professional services firm Aon.
Train passengers buying tickets at counters to get insurance cover
The Supreme Court of India has directed the Indian Railways to provide insurance coverage for counter tickets from October 27.
Tonbo Imaging IPO opens with 71% GMP: Apply or avoid?
Tonbo Imaging India, a leading defense technology company, has opened its Initial Public Offering (IPO) for subscription today.
Own RIL shares? You get separate quota in Jio IPO
Reliance Jio's upcoming initial public offering (IPO) will have a separate category for existing shareholders of its parent company, Reliance Industries Limited (RIL).
AI start-up developing cancer drugs raises $150M in US IPO
Iambic Therapeutics, a clinical-stage cancer drugmaker and tech firm, has raised $150 million in its US initial public offering (IPO).
Jio IPO GMP hits 20% ahead of October 21 launch
The gray market has reacted positively to Jio Platforms' announcement of its initial public offering (IPO) price band and issue size.
IDBI Bank shares fall 6% after nearly ₹53,000cr deal
IDBI Bank's shares plummeted by as much as 6.05% to ₹84.97 on Thursday, after the government approved the sale of a controlling stake in the lender to Canada's Fairfax Financial Holdings.
Apple reaches $5 trillion market cap, 2nd company after NVIDIA
Apple has become the second publicly traded company in history to achieve a market capitalization of over $5 trillion, after NVIDIA, which officially became the world's first $5 trillion company in October last year.
South Korea halts trading as KOSPI plunges 8%
South Korea's benchmark KOSPI index witnessed a massive fall of nearly 8% on Thursday, prompting an automatic trading halt.
OpenAI names former xAI executive head of infrastructure and compute
OpenAI has announced the appointment of Uday Ruddarraju, a former xAI executive, as the new head of its infrastructure and compute businesses.
Sensex surges over 800 points: What's behind today's rally?
India's benchmark indices, Sensex and Nifty, witnessed a significant surge on October 15. The upward trend was largely attributed to a spike in IT shares.
Anthropic Q3 revenue jumps 45% to nearly $17B
Anthropic, an artificial intelligence (AI) start-up founded by former OpenAI executives, has reported a 45% increase in its third-quarter revenue.
Jio Platforms IPO to open for subscription on October 21
Jio Platforms, the digital services giant, is gearing up for its much-anticipated initial public offering (IPO).
Why Netflix is cutting around 6% of its workforce
Netflix has announced a major round of layoffs, cutting around 1,000 jobs or nearly 6% of its global workforce.
Blackstone wants to double India investments to $100B by 2031
Blackstone, the global investment firm, plans to double its investments in India from the current $50 billion to a whopping $100 billion over the next five years.
Kumar Mangalam Birla plans investments up to $30B by 2029
Kumar Mangalam Birla, the Chairman of the Aditya Birla Group, has announced plans to invest up to $30 billion over the next two to three years.
JPMorgan reports rare profit miss
JPMorgan Chase, one of the leading global financial services firms, has reported its first quarterly profit miss in nearly three years.
Groww Q2 profit jumps 54% to ₹725 crore
Billionbrains Garage Ventures, the parent company of stock broking platform Groww, has reported a whopping 54% rise in its consolidated net profit for the September quarter of FY27.
Canada's Fairfax buys majority stake in IDBI Bank
Canada's Fairfax Financial Holdings is acquiring a controlling stake in IDBI Bank.
Indian rupee hits 1-month high as RBI steps support currency
The Indian rupee has hit its highest level in over a month, thanks to a series of measures taken by the Reserve Bank of India (RBI) and comments from RBI Governor Sanjay Malhotra.
Hyundai shares jump on $15.5B India investment
Hyundai Motor India's shares witnessed a surge of over 2% in early trade on Wednesday.
India's trade deficit with China crosses $100 billion
India's trade deficit with China has crossed the $100 billion mark this year, data from China's General Administration of Customs (GAC) revealed.
SEBI proposes stricter penalties against this type of listed companies
The Securities and Exchange Board of India (SEBI) has proposed stricter measures against listed companies that obstruct the monitoring of funds raised through public issues.
Sensex slips over 400 points: What's behind today's decline?
India's benchmark indices, the Sensex and Nifty, are trading in the red once again. The fall comes after a strong rally in the previous session when markets rose by 1.6%.
Bank of Baroda shares slide after $15B lawsuit
Bank of Baroda's shares plummeted by almost 4% to 229.80 in today's session, making it one of the biggest losers on the Nifty 100 index.
Sugar prices surge up to 17% in 6 days
Sugar prices have witnessed a major spike, surging over 13% in just six days. The rise is largely attributed to tight supplies and strong festive demand from households and sweetmakers ahead of Diwali.
'Significantly ahead' of Starlink in securing service approval: Sunil Mittal
Bharti Enterprises Chairman Sunil Bharti Mittal has claimed that his company is "significantly ahead" of Starlink in securing approvals for satellite communications services in India.
Meet Tejas Sudarshan, entrepreneur who pitched to Modi in 90-seconds
Tejas Parthasarathi Sudarshan, the founder of Winsen Labs, an applied artificial intelligence start-up, recently got a chance to pitch two ideas on AI application in India to Prime Minister Narendra Modi.
Why ATF will not come under GST anytime soon
Aviation turbine fuel (ATF) is unlikely to come under the Goods and Services Tax (GST) regime anytime soon.
India's wholesale inflation spikes to over 11% in September
India's wholesale inflation has surged to 11.39% in September, compared to 9.92% in August, official data from the Ministry of Commerce and Industry showed today.
Why Getty Images is heading for bankruptcy
Getty Images, a leading visual media company, is preparing to file for Chapter 11 bankruptcy.
Bumble sells for $1.3B
Bumble, the innovative dating app that revolutionized online matchmaking by letting women take the lead, has agreed to a $1.3 billion buyout by Ithaca Holdings.
China's factory inflation hits 4-year high
China's producer prices surged by 5% in September, the highest increase since June 2022. The rise is mainly due to higher energy and raw material costs amid supply disruptions from the Middle East conflict.
Crude oil prices near $110
Crude oil prices are nearing $110 per barrel amid fresh attacks on Saudi Arabia and fears of supply disruptions in the Middle East.
Carlsberg ordered to shutdown Rajasthan brewery: Will customers be affected?
Rajasthan's pollution control board has ordered the closure of Carlsberg India's Alwar brewery, citing a pollution breach.