Business News
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ED raids 20 locations in online betting fraud case
The Enforcement Directorate (ED) has raided 20 locations across Mumbai, Pune, Mehsana, Surat and Hyderabad.
Musk agrees to settle lawsuits over controversial $1M voter lottery
Elon Musk has agreed to settle two lawsuits related to his controversial $1 million voter lottery scheme.
Axis Bank's Q2 net profit jumps 37.6% to ₹7,003cr
Axis Bank has reported a 37.6% year-on-year rise in net profit for the second quarter of FY27.
Modi government bans sugar diversion for ethanol amid record-high prices
The Indian government has banned the diversion of sugar for ethanol production during the 2026-27 supply year.
India's biggest-ever banking M&A deal involved no investment bankers
Fairfax Financial Holdings's $5.6 billion acquisition of a controlling stake in IDBI Bank is the largest foreign investment in India's banking sector.
Cattle feed used to make Priyagold biscuits, says FSSAI
The Food Safety and Standards Authority of India (FSSAI) has filed legal proceedings against Surya Food & Agro, the manufacturer of Priyagold biscuits.
FSSAI proposes ban on fructose and sucrose in infant food
The Food Safety and Standards Authority of India (FSSAI) has proposed a ban on the addition of fructose and sucrose in food products meant for infants up to six months old.
ICICI Bank's Q2 results: Net profit jumps 20.1% to ₹14,843cr
ICICI Bank has reported a 20.1% year-on-year increase in its standalone net profit for the second quarter of FY27.
IDBI Bank's Q2 profit declines 39% YoY to ₹2,206cr
IDBI Bank has reported a 39.2% year-on-year decline in its net profit for the second quarter of FY27.
Central Bank's Q2 results: Net profit rises 21% to ₹1,469cr
The Central Bank of India has announced a 21% year-on-year increase in its standalone net profit for the second quarter of FY27.
HDFC Bank's Q2 profit up 4.7% to ₹19,510cr
HDFC Bank has reported a 4.7% year-on-year increase in its net profit for the second quarter of FY27.
Apple's smartphone shipments to rise despite overall market decline
Apple is poised to be the only major smartphone maker to increase shipments in 2026, according to a recent investor note by Jeff Pu and Henry Huang from GF Securities.
Apple appoints former Meta executive to lead global litigation
Apple has appointed Scott Tucker, a former Meta executive, as its new Vice President of Global Litigation and Financial Services.
Anthropic offers Blackstone over 10% yield for $60B chip-financing deal
Anthropic, an artificial intelligence (AI) research company, is offering Blackstone a yield of more than 10% to finance a $60 billion chip-financing deal.
This is how AI is affecting Anthropic's workforce
Anthropic, a leading artificial intelligence (AI) company, has released a case study detailing the impact of AI on its workforce.
AI risks could outweigh benefits, need ethical framework: IMF chief
International Monetary Fund (IMF) chief Kristalina Georgieva has warned that the risks posed by artificial intelligence (AI) could outweigh its benefits.
SpaceX sales lead Graham Seamans heads to OpenAI
OpenAI has hired Graham Seamans, a former SpaceX sales lead, to head sales for its cybersecurity business.
Cult.fit gets SEBI nod for IPO plans
Cult.fit, a leading player in the fitness services and active lifestyle sector, has received observations from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO).
Vodafone Idea introduces India's 1st prepaid family plan: Check benefits
Vodafone Idea (Vi) has launched India's first-ever prepaid family plan, allowing users to share data among family members.
Why China's AI stocks are taking a beating
China's artificial intelligence (AI) stocks have taken a major hit, with the country's Nasdaq-style Star50 Index plunging nearly 40% in the current half-year.
California: Ultra-rich spending $1M per day to defeat billionaire tax
Silicon Valley's tech billionaires are pouring massive amounts of money into a campaign against California's proposed wealth tax.
Charles Schwab won't let unauthorized AI agents access client accounts
Charles Schwab is blocking unauthorized artificial intelligence (AI) agents from accessing its clients' accounts.
Reliance urges employees to invest in Jio Platforms' planned IPO
Mukesh Ambani, the billionaire chairman of Reliance Industries Ltd. is leveraging his company's massive workforce to generate interest in the upcoming initial public offering (IPO) of Jio Platforms Ltd.
Centre may hike fuel prices in November
India is likely to increase retail fuel prices in November, a move that could push the country's inflation above the Reserve Bank of India (RBI)'s target range.
Reliance welcomes Starlink, but insists all operators follow Indian laws
Reliance Industries Limited (RIL) has welcomed foreign competition, including Elon Musk's Starlink.
BigBasket, Flipkart among 6 firms penalized by Indian food regulator
The Food Safety and Standards Authority of India (FSSAI) has taken action against six food businesses, including BigBasket and Flipkart.
Rules to regulate airfares have been finalised, Centre tells SC
The Indian government has finalized rules to regulate airfares and will publish them in two weeks, Solicitor General Tushar Mehta told the Supreme Court on Friday.
Jio IPO could make Reliance India's largest conglomerate: Uday Kotak
Jio Platforms' upcoming listing could push Reliance Group past Tata Group to become India's most valuable conglomerate by market capitalization.
India signs ₹2,500cr deal for GSAT-7C military communications satellite
The Indian Ministry of Defence has signed a ₹2,563 crore deal with NewSpace India Limited (NSIL) for the design, development, and manufacture of GSAT-7C.
Ather Energy gets regulatory nod to sell insurance policies
Ather Insurance, a wholly-owned subsidiary of electric two-wheeler manufacturer Ather Energy, has received regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI).
Why Anthropic is being asked to postpone its planned IPO
New York City Comptroller Mark D. Levine has urged Anthropic, an artificial intelligence (AI) lab, to postpone its upcoming US initial public offering (IPO).
Apple, NVIDIA donated $25M each to Trump's White House ballroom
A recent report by The Washington Post has unveiled the major contributors to President Donald Trump's White House ballroom project.
SEBI changes closing auction rules after trader pushback
The Securities and Exchange Board of India (SEBI) has issued a final framework for the Closing Auction Session (CAS).
Maruti Suzuki gets ₹13,000cr tax relief
Maruti Suzuki has received a major tax relief from the Income Tax Appellate Tribunal (ITAT).
Will Jio hike tariffs? Here's what Akash Ambani said
Akash Ambani, the Managing Director of Reliance Jio, has hinted that the telecom giant could increase mobile tariffs in the future.
Centre revises windfall tax on petrol and diesel exports
The Indian government has revised the windfall tax on petrol and diesel exports.
Flipkart FY26 revenue rises 18% to ₹1.46 trillion
Flipkart Group has reported an 18% increase in its revenue from operations for the fiscal year ending March 2026.
Jio plans to shift to 6G through software upgrades
Jio Platforms plans to transition to 6G through software upgrades, not a complete infrastructure overhaul.
Myntra goes from ₹549 crore profit to ₹579 crore loss
Myntra, the fashion e-commerce platform owned by Flipkart, has reported a net loss of ₹579 crore for the fiscal year 2026.
US-India trade deal: Piyush Goyal says 1st tranche finalized
The first phase of a trade agreement between India and the United States has been finalized, Commerce Minister Piyush Goyal announced on Thursday.