Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Jio Platforms IPO closes today
Jio Platforms' ₹30,213 crore initial public offering (IPO) will close today. The issue has drawn strong investor interest and the gray market suggests a potential listing gain of over 20%.
Swiggy posts ₹922cr loss in Q2
Swiggy, the popular food and grocery delivery platform, has witnessed an improvement in its financial performance for the second quarter (Q2) of FY27.
SoftBank's market value crashes 50% as AI worries mount
SoftBank Group has seen its market value cut in half since its peak in June, owing to rising borrowing costs and debt risks.
Flipkart loses 3 more VPs as senior-level exits hit 14
Walmart-owned e-commerce giant Flipkart has witnessed the exit of three more senior executives.
Netflix subscribers, be ready to pay more
Netflix has hinted at potential future price hikes for its subscription services.
ICICI Bank revising savings account charges: What changes for customers?
ICICI Bank has announced a revision in its savings account service charges, effective from December 1.
Barclays cuts 5,000 jobs as AI reshapes banking
Barclays, one of the leading banking groups, has announced plans to cut around 5,000 jobs this year.
Tesla-SpaceX merger could add $110B to Musk's wealth
Elon Musk has confirmed that both SpaceX and Tesla have formed special committees to explore a possible merger.
No order, no seat: Starbucks China makes buying mandatory
Starbucks has introduced a new policy in China, making it mandatory for customers to make a purchase if they want to use the seating area.
Xbox mandates 4-day office attendance: Who does it apply to?
Microsoft has announced a new policy mandating most of its Xbox employees to work from the office four days a week.
Meta strikes deal with Zuckerberg to keep him in California
Meta has struck a deal with its CEO Mark Zuckerberg, allowing him to sell shares without losing control of the company.
Automattic begins layoffs amid board crisis and executive exodus
Automattic, the parent company of popular platforms like WordPress.com, WooCommerce, and Tumblr, has started laying off employees., according to Techcrunch.
Meta creates new class of shares to fund AI investments
Meta plans to introduce a new class of non-voting shares to help fund its growing AI ambitions.
DeepSeek raises $15B to challenge OpenAI and Anthropic
DeepSeek, a leading artificial intelligence (AI) start-up from China, has raised 100 billion yuan ($15 billion) in its latest funding round.
Shiprocket enters food delivery space
Shiprocket, a leading logistics and e-commerce enablement company, has announced its entry into the food delivery sector to rival Zomato and Swiggy.
Tesla's net profit drops 43% in Q3
Tesla has reported a major decline in its net profit for the third quarter of 2026.
Oil prices cross $110 after drone attack on Saudi oilfield
Oil prices have surged due to a drone attack on a Saudi Aramco oilfield, raising fears of supply disruptions amid the escalating West Asia conflict.
Meta reports $65B revenue for Q3
Meta Platforms, the parent company of Facebook and Instagram, has reported a stellar third-quarter revenue for 2026.
Down 20% from peak, China's stock market enters bear territory
China's mainland-listed shares have entered a technical bear market, with the CSI 300 Index plunging nearly 20% from its June peak.
Why Booking.com is facing an EU probe
The European Union (EU) has launched an investigation into online travel agent Booking.com over alleged failures to combat fake listings and phishing scams.
SAT reserves order in trading giant Jane Street's case
The Securities Appellate Tribunal (SAT) has reserved its order in the case of trading giant Jane Street.
Netflix beats earnings estimates, so why are shares falling?
Netflix has reported its third-quarter earnings, which have beaten analyst estimates.
How Costa Coffee turned into a $5.1B headache for Coca-Cola
Coca-Cola's $5.1 billion acquisition of Costa Coffee, the UK's answer to Starbucks, has turned out to be a costly miscalculation.
Looted French luxury goods up for resale on Vinted
In the wake of the recent unrest in France, online second-hand marketplace Vinted has removed listings of stolen French goods.
India's crude import bill jumps 46% to $91 billion
India's crude oil import bill has witnessed a massive jump of 46.3% to $90.6 billion in the April-September period, according to data from the Petroleum Planning and Analysis Cell (PPAC).
Carlsberg might file for $700M IPO in India this week
Danish brewing giant Carlsberg is gearing up to file for an initial public offering (IPO) of its Indian business as early as this week, as per Bloomberg.
Eternal's Q2 FY27 profit jumps 92% YoY to ₹125cr
Eternal, the parent company of Zomato and Blinkit, has reported a 92% jump in its net profit for the quarter ending September 30.
Sensex crashes 1,400 points from day's high
India's benchmark indices, Sensex and Nifty, witnessed a major fall from their day's high on Wednesday. The decline was mainly due to profit booking at higher levels.
eMudhra shares crash 20% after security flaw hits TLS certificates
Shares of Bengaluru-based eMudhra Ltd plummeted by 20% on Wednesday.
HDFC Bank finds 2 senior executives leaked secrets
HDFC Bank, India's largest lender by market capitalization, is investigating two of its senior executives for allegedly leaking confidential business strategies and possibly market-sensitive information.
Deepinder Goyal teases 'DARK by ETERNAL' on social media
Deepinder Goyal, the founder of Eternal (Zomato's parent company), has teased a new project called Dark.ai.
You can use Vodafone Idea's voice-only plans by October-end
Vodafone Idea is all set to launch its new voice-only plans by the end of this month.
AI IPOs could add $100B to India's stock-market: Goldman Sachs
Goldman Sachs has predicted that India's listed artificial intelligence (AI) market could see a major boost in the coming years.
Getty Images files for bankruptcy in the US
Getty Images Holdings Inc has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Delaware.
Meta's chief global affairs officer to quit after 15 years
Meta's Chief Global Affairs Officer, Joel Kaplan, is set to leave the company next year.
Boeing's long-delayed 737 MAX 10 gets FAA certification
The US Federal Aviation Administration (FAA) has given its nod to Boeing's 737 MAX 10, the largest variant in the best-selling aircraft family.
Trump faces lawsuit over 50% tariffs on Canadian goods
The Gellert Global Group, a New Jersey-based food importer, has filed a lawsuit against President Donald Trump's 50% tariffs on several Canadian products.
SBI flags potential data breach involving 3.75L customer records
The State Bank of India (SBI), the country's largest lender, has flagged a potential data breach involving 3.75 lakh customer records.
Income tax audit compliance deadline today: Key points for taxpayers
The extended deadline for income tax audit compliance ends today.
Indian government bonds face major decline today: What's the reason?
Indian government bonds witnessed a major sell-off today, owing to the relentless rise in oil prices.