Business News
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Why Foursquare's acquisition left its co-founder Dennis Crowley 'heartbroken'
Dennis Crowley, the co-founder of location technology company Foursquare, has expressed his disappointment over the company's recent acquisition by Infillion.
Xbox plans fresh layoffs in November and January: Report
Microsoft is reportedly planning another round of layoffs in its Xbox division.
Jio IPO opens as India's biggest-ever share sale
India's largest-ever public issue, the ₹30,213-crore initial public offering of Jio Platforms, sailed through to full subscription within just 35 minutes of opening on its first day of bidding on Wednesday.
Musk confirms merger talks between SpaceX and Tesla
Elon Musk has confirmed that his two companies, SpaceX and Tesla, are in talks about a possible merger.
Salesforce acquires customer engagement platform Braze for $5.66B
Salesforce has announced its acquisition of Braze, a leading customer engagement platform, in a deal worth approximately $5.66 billion (including debt).
Jio Platforms IPO opens tomorrow: Here's how to apply
Jio Platforms, India's leading telecom company, is gearing up to launch its initial public offering (IPO) on October 21.
How UK plans to break Apple's dominance in contactless payments
UK's competition regulator, the Competition and Markets Authority (CMA), has proposed measures to reduce Apple's dominance in the contactless payments space.
Cognizant and Google Cloud to promote agentic AI adoption
Cognizant and Google Cloud have expanded their partnership to promote the adoption of agentic artificial intelligence (AI).
BMW might pay you ₹7cr to leave the company
BMW has launched a voluntary exit program, offering its employees severance packages of up to €650,000 (roughly ₹7 crore).
Qualcomm to lay off employees worldwide in performance-focused cuts
Qualcomm, one of the world's leading smartphone chipmakers, has announced a global job cut as part of a "performance-focused reduction."
US will discuss processing Venezuelan crude with Reliance: Rubio
United States Secretary of State Marco Rubio has said that the United States will be discussing with Mukesh Ambani-owned Reliance Industries about refining more Venezuelan crude.
India's online retail market to exceed $90 billion in 2026
India's online retail market is set to witness a major boom, with projections estimating it will exceed $90 billion by 2026.
Kospi crashes another 5%, now down 40% from peak
South Korea's benchmark KOSPI index has witnessed another crash, falling by 5%. The fall comes as a result of a chip-led sell-off in artificial intelligence (AI) stocks.
Disney asked Character.AI to go bankrupt to avoid legal baggage
Disney reportedly required Character.AI to go through bankruptcy proceedings as part of a deal to acquire access to its technology and hire much of its staff, according to court filings reviewed by WIRED.
Musk to distribute SpaceX shares to children through Trump Accounts
Elon Musk has announced his plan to give one of his SpaceX shares to "every kid in America" next year.
Chinese billionaires might face taxes on offshore holdings worth $140B
China's wealthiest billionaires could be facing a potential crackdown on holdings of nearly $140 billion.
Anthropic might announce another $45B compute deal with Nscale
Anthropic and AI infrastructure provider Nscale are in talks for a second $45 billion compute deal.
Why Micron workers in Taiwan are going on strike tomorrow
Workers at a Micron Technology plant in Taiwan are gearing up for a strike tomorrow.
OpenAI targets $30B at $1.4 trillion valuation
OpenAI is fast-tracking a major fundraising round, hoping to secure investor commitments before rival Anthropic's public market debut in mid-November.
Eric Schmidt's 1% Anthropic stake could be worth $20 billion
Former Google CEO Eric Schmidt owns a 1% stake in Anthropic, a leading AI start-up. The investment was made during the company's Series A funding round.
Jio raises ₹8,110cr from anchor investors ahead of IPO
Jio Platforms, the parent company of Reliance Jio Infocomm, has raised ₹8,109.84 crore from 212 anchor investors.
India-NZ FTA kicks in: What gets cheaper for you
The Free Trade Agreement (FTA) between India and New Zealand has come into effect from today.
Musk's $158B Tesla pay faces shareholder vote in December
Tesla has scheduled a shareholder meeting on December 3 to decide on the re-election of CEO Elon Musk, board chair Robyn Denholm, and director JB Straubel for another three-year term.
Bajaj Finance's Q2 net profit jumps 29% to ₹6,266cr
Bajaj Finance has reported a whopping 29% jump in its net profit for the quarter ended September 30, 2026.
OYO parent might launch its IPO in November
Prism, the parent company of hospitality platform OYO, is gearing up to launch its initial public offering (IPO) in November.
RBI conducts ₹1L crore VRR auction to enhance banking liquidity
The Reserve Bank of India (RBI) has conducted a ₹1 lakh crore Variable Rate Repo (VRR) auction today.
Diwali Muhurat Trading session on November 8: Check timings
The Bombay Stock Exchange (BSE) has announced the schedule for the Diwali Muhurat Trading session in 2026.
IDBI Bank employees to go on hunger strike in November
IDBI Bank employees have announced a two-day nationwide hunger strike on November 2 and 3.
Is Waymo a threat to national security of US?
Waymo, the self-driving car subsidiary of Alphabet, has placed an order for thousands of Chinese-made electric vehicles (EVs) to expand its US robotaxi fleet.
Volkswagen might freeze salaries of all employees until 2030
Volkswagen, the German automotive giant, is planning to freeze salaries for its 660,000 employees worldwide until 2030.
How NPS Central portal lets you manage your pension account
The Pension Fund Regulatory and Development Authority (PFRDA) has launched a new digital platform, NPS Central.
India's engineering exports on track to hit record $150B
India's engineering exports are on course to hit a record high of $150 billion in the current fiscal year, according to Pankaj Chadha, Chairman of the Engineering Export Promotion Council (EEPC).
Foxconn buys 50% stake in Mitsubishi's EV unit for $727M
Taiwanese tech giant Foxconn has announced its plan to acquire a 50% stake in Mitsubishi Electric Corp's automotive-components business.
Why Apple CEO is on TIME's Best Inventions 2026 cover
Apple's newly appointed CEO, John Ternus, has made it to the cover of TIME magazine's annual Best Inventions of 2026 issue.
Global freight rates soar 130% since February
Global container freight rates have skyrocketed by a staggering 130% since February 2026, largely due to the ongoing tensions in the Middle East.
Jio Platforms, Paras Healthcare IPOs lead market activity this week
The primary market this week will be dominated by the highly anticipated ₹30,188 crore initial public offering (IPO) of Jio Platforms.
Jio IPO draws record ₹2.5 lakh crore anchor demand
Jio Platforms' initial public offering (IPO) has witnessed an unprecedented institutional demand of around ₹2.5 lakh crore.
Musk to give every US child a SpaceX share
Elon Musk has announced his plan to give a share of SpaceX stock to every child in the United States in 2027.
Indian investors lose nearly ₹5L crore in stock market crash
The Indian stock market witnessed a major downturn today, with the Sensex crashing by over 900 points and the Nifty falling by nearly 300 points.
Ixigo shares soar 13% after reporting all-time high quarterly profit
Ixigo, a leading travel booking platform, has witnessed a massive spike in its stock value after reporting an all-time high quarterly profit for Q2.