Business News
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Australian regulator probes failed $5B Firmus IPO
Australia's corporate regulator, the Australian Securities and Investments Commission (ASIC), is looking into the failed $5 billion initial public offering (IPO) of AI data center operator Firmus.
Shocker! Around ₹35cr missing from PNB accounts in Greater Noida
Around ₹35 crore has allegedly gone missing from savings accounts and fixed deposits at a Punjab National Bank (PNB) branch in Greater Noida's Aichhar area.
SpaceXSI will buy your home in US under this condition
Residents of a Mississippi neighborhood are being offered deals by Elon Musk's artificial intelligence (AI) firm, SpaceXSI.
Zomato's 'Mehmaan mode' to hide prices during group orders
Zomato, the popular food delivery platform, is gearing up to introduce a novel feature called 'Mehmaan mode.'
Amazon cuts 250 jobs in devices unit
Amazon has laid off around 250 employees from its devices and services unit. The decision comes after a series of product launches, including new Kindle e-readers and tablets.
Jio shares jump 5% after 21% IPO debut
Jio Platforms' shares witnessed a massive surge, jumping another 5% on Thursday.
AI attacks steal ₹300cr from India's small NBFCs
India's non-banking financial companies (NBFCs) have suffered an estimated loss of ₹300 crore due to a spate of recent cyberattacks, as per a report by the Economic Times.
US Fed keeps rates unchanged after September hike
The US Federal Reserve has decided to keep its benchmark interest rate unchanged, a move that came as little surprise given the persistent inflationary pressures.
Why Samsung shares crashed despite $80B profit in Q3
Samsung Electronics has posted a record operating profit of 107.4 trillion won (around $80.04 billion) for the third quarter of this year.
Microsoft earned $10B from OpenAI partnership
Microsoft has reported a whopping $10 billion in revenue from its commercial agreements with OpenAI for the quarter ending September 30.
Microsoft posts record revenue for 10th consecutive quarter, hits $92.3B
Microsoft has announced its latest quarterly earnings, posting a record revenue of $92.3 billion, an impressive 19% growth from the same period last year.
Microsoft reveals Azure generated over $33B in quarterly revenue
Microsoft has revealed the dollar value of its cloud computing platform, Azure, for the first time.
Modi government approves ₹1,856cr scheme to boost sports goods manufacturing
The Union Cabinet, led by Prime Minister Narendra Modi, has approved a ₹1,856 crore scheme to boost sports goods manufacturing in India.
Maharashtra will become $1T economy by 2030, says Devendra Fadnavis
Maharashtra is poised to become a $1 trillion economy by 2030, Chief Minister Devendra Fadnavis said today.
Piyush Goyal's speech on Indian work culture slammed by netizens
Union Commerce Minister Piyush Goyal's recent remarks at the India-Netherlands Business Forum have drawn widespread criticism on social media.
Ixigo co-founder announces ₹1cr fund to back IIT Kanpur graduates
Rajnish Kumar, co-founder and group Co-CEO of ixigo, has launched a ₹1 crore fund to support graduating students from the Indian Institute of Technology (IIT) Kanpur.
Vedanta's Q2 profit jumps 78% to ₹6,202cr
Vedanta Limited has reported a 78% year-on-year (YoY) surge in its consolidated net profit for the September quarter.
Jio joins Meta and Alibaba in $100B IPO club
Jio Platforms has joined an elite club of founder-led companies with a market capitalization of over $100 billion at the time of their initial public offering (IPO).
Noel Tata to retire from boards of 6 Tata companies
Noel Tata, the chairman of Tata Trusts, will retire from the boards of six major Tata Group companies on November 12.
Anthropic IPO: How Indians can invest in Claude maker
Anthropic, the artificial intelligence (AI) start-up behind the popular chatbot Claude, is gearing up for its initial public offering (IPO) on Nasdaq.
India's industrial growth slows to 6.7% in September
India's Index of Industrial Production (IIP) for September has grown at a rate of 6.7%, down from August's 8%.
Adani Enterprises Q2 results: Profit down 55% YoY to ₹1,492cr
Adani Enterprises has reported a sharp decline in its consolidated net profit for the second quarter of FY27.
Anthropic sued for illegally training Claude on Stanford professors' works
Anthropic, a leading player in the artificial intelligence (AI) space, has been accused of illegally using the works of over 10 Stanford University professors to train its Claude models.
Modi government to approve ₹10,000cr scheme for making shipping containers
The Union Cabinet is likely to approve the ₹10,000 crore Container Manufacturing Assistance Scheme (CMAS).
DA for Indian government employees hiked by 3%
The Indian government has announced a hike in the dearness allowance (DA) for its employees.
India and Mexico to start negotiations for preferential trade agreement
India and Mexico have signed the terms of reference for a preferential trade agreement (PTA) today.
Reliance overtakes Tata as India's most valuable group
Reliance Group has become India's largest conglomerate by market capitalization, after its subsidiary Jio Platforms debuted on the stock exchange.
Jio shares list at 21% premium: Buy, sell or hold?
Jio Platforms made a strong debut on the stock market on Wednesday. The company's shares were listed at ₹1,359 on both BSE and NSE, a 21.36% premium over its IPO price of ₹1,119 per share.
Sensex falls over 800 points, Nifty below 22,600 mark
India's benchmark indices opened lower on Wednesday, with the Sensex and Nifty falling by as much as 1%. The fall is mainly attributed to rising crude prices and other global factors.
SK Hynix Q3 profit surges 632% to record $63B
South Korean chipmaker SK Hynix has reported a stellar performance in the third quarter of 2026.
OPEC+ likely to maintain oil output targets for December
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, are likely to maintain their December oil production targets.
Greater Noida's upcoming AI, robotics park to create 1L jobs
The Uttar Pradesh government has announced plans to set up a state-of-the-art robotics and artificial intelligence (AI) park in Greater Noida.
Maruti Suzuki Q2 profit tanks 26% to ₹2,466cr
Maruti Suzuki India has reported a 26.4% year-on-year decline in its consolidated net profit for the second fiscal quarter.
Kylian Mbappe loses Chinese sponsorships over alleged Mao joke
French football star Kylian Mbappe has lost several sponsorship deals with major Chinese brands.
Jio, Airtel lead India's 7.2M telecom subscriber additions
India's telecom market witnessed a significant surge in subscribers last month, according to data released by the Telecom Regulatory Authority of India(TRAI).
E20 controversy 'paid campaign': Gadkari after Centre clears E100 pathway
Union Road Transport Minister Nitin Gadkari has dismissed the controversy over 20% ethanol-blended petrol, also known as E20 fuel, calling it a "paid campaign."
iPhone demand cools in India as festive sales fall 30%
Apple's iPhone has witnessed a significant drop in sales during the festive season, with reports suggesting a decline of up to 30%.
New ₹1,000 banknote with a temple image is fake
A new ₹1,000 currency note with a temple image has been doing the rounds on social media.
Why some PNB accounts will be closed after November 10
Punjab National Bank (PNB) has announced its decision to shut down certain accounts after November 10.
ByteDance founder Zhang Yiming is China's richest person again
Zhang Yiming, the founder of ByteDance, has reclaimed the top spot on China's rich list.