Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Indian travelers can now use UPI at Burj Khalifa
Indian travelers can now use Unified Payments Interface (UPI) apps for online bookings at major tourist attractions in the UAE and Singapore.
Intel, Reddit plunge 29% as Nasdaq suffers worst-fall since June
The Nasdaq composite index witnessed its worst fall since June, with major tech companies like Intel and Reddit taking a huge hit.
Atomberg Technologies gets SEBI nod for IPO
Mumbai-based consumer appliances maker Atomberg Technologies has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).
NVIDIA may back Nscale's loan for Anthropic data center
NVIDIA is reportedly in talks to provide credit guarantees worth billions of dollars to AI cloud provider Nscale.
US to block Chinese telecoms from accessing American phone numbers
The US is preparing to bar Chinese telecom firms from direct access to American phone numbers.
Meta loses French court appeal over payments for publishers' rights
Meta Platforms has lost its appeals against interim measures imposed by French regulators over media organizations' publishing rights.
Jio Platform's Nifty entry could bring ₹36,500cr in passive buying
Jio Platforms, India's second-most valuable company with a market capitalization of ₹13 lakh crore, may be added to the Nifty 50 index in September 2027. The BSE Sensex index could follow suit in December 2027.
RBI tightens checks on banks amid rising cyberattack threats
The Reserve Bank of India (RBI) is tightening its grip on banks amid the growing threat of cyberattacks.
Why Google, Amazon, Intel shares crashed up to 23%
Shares of tech giants Alphabet (Google), Amazon, and Intel plummeted on Thursday. The decline was as steep as 23% in after-hours trading.
Alleged Chinese spy developed close ties with NVIDIA CEO
Alice Huang, a Chinese national and former executive at Megaspeed, has been accused of espionage.
Sensex gains over 550 points: What's behind today's rally?
India's benchmark indices, the Sensex and Nifty, have bounced back from their earlier losses to trade in the green on October 30. The recovery is due to various reasons, including buying in IT shares.
Starbucks India cuts FY26 losses 27% as revenue hits ₹1,367cr
Starbucks India has reported a modest 7% year-on-year growth in its revenue from operations for fiscal year 2026 (FY26).
India's extreme poverty rate drops from 27.1% to 2.6% but....
India's extreme poverty rate has dropped to 2.6% in 2023 from the 27.1% recorded in 2011, according to the World Bank's October 2026 Poverty and Equity Brief.
Amazon reports $42.4B cash outflow as AI spending surges
Amazon has reported a massive cash burn in Q3.
Crude oil prices hit 6-month high of $118
Oil prices surged on October 30, amid fears of a possible US military strike against Iran.
India's credit card spending falls for first time since 2021
Credit card spending in India fell by 5.9% year-on-year (YoY) to ₹2.04 lakh crore in September 2026.
Microsoft launches $25B bond sale to fund AI expansion
Microsoft is planning its first US investment-grade bond sale in over nine years, with an aim to raise about $25 billion.
Cryptocurrency prices crash as Binance probes $6B hack
Cryptocurrency prices have taken a hit after Binance, the world's largest crypto exchange, flagged a possible security breach.
Walmart investigates Flipkart staff over alleged ₹150cr in brand favors
Walmart, the US retail giant and parent company of Flipkart, has launched an internal investigation into alleged financial misconduct at the Indian e-commerce company, Moneycontrol reported.
DoorDash acquires grocery delivery platform Instacart for $17B
DoorDash has announced its intention to acquire US-based grocery delivery service, Instacart, for a whopping $17 billion.
ECB chief Christine Lagarde to step down in February 2027
The European Central Bank (ECB) has announced that its president Christine Lagarde will step down nine months ahead of schedule.
Pakistan's imports from India up 69% despite trade ban
Despite the ongoing trade ban between India and Pakistan, the latter's imports from its neighbor have skyrocketed by nearly 69% in the first quarter of FY27.
Why Sam Altman is disappointed with MBA students
Sam Altman, the CEO of OpenAI, has urged MBA graduates and aspiring entrepreneurs to look beyond conventional career paths.
Why Toblerone parent has sued a British vegan chocolate brand
Mondelez International, the company behind the iconic Swiss chocolate bar Toblerone, has filed a lawsuit against British vegan chocolate brand Catherine's Originals.
Air India, IndiGo, Akasa's Saudi flights canceled till November
Major Indian and international airlines have extended their flight cancellations to several destinations in Saudi Arabia until November.
India's Q2 growth pegged at 7.35%
India's economy is projected to grow at a rate of 7.35% in the second quarter (Q2) of the fiscal year 2026-27 (FY27), according to the Finance Ministry's latest economic report.
Indians can now buy US stocks through Groww, Zerodha
Groww is now allowing retail investors to invest in US stocks. The move comes as a response to the continued underperformance of the Indian market, giving investors a chance to diversify their portfolios.
Equitas Bank shares crash as CEO quits over conflict concerns
Equitas Small Finance Bank's shares plummeted by nearly 16% on Thursday, following the resignation of its Managing Director and CEO, P N Vasudevan.
Ather is now worth 3.5 times Ola Electric
Ather Energy, a leading electric two-wheeler manufacturer, has witnessed an impressive surge in its stock price over the past week.
BLS Polymers IPO subscription crosses 45x on final day
BLS Polymers' initial public offering (IPO) witnessed strong demand on its last day of bidding.
Alphabet shares tank 10% despite Google Cloud's 103% growth
Alphabet, the parent company of Google, has witnessed a sharp decline in its shares post the release of its third-quarter earnings.
Shell's Q3 profit doubles to $10.8B thanks to Iran war
Shell has reported a massive jump in its profits for the third quarter of 2026, driven by rising oil and gas prices due to the ongoing conflict in the Middle East.
ESIC's amnesty scheme ends December 31: Check your eligibility, benefits
The Employees' State Insurance Corporation (ESIC) has announced an extension for its New Amnesty Scheme 2025.
Why India's aviation industry is staring at ₹38,000cr loss
India's aviation industry is likely to witness a surge in net losses this fiscal year, with estimates ranging from ₹36,000 crore to ₹38,000 crore.
EPFO to soon invest in alternative investment funds
The Employees' Provident Fund Organisation (EPFO) is preparing guidelines to invest in alternative investment funds (AIFs). This comes five years after the government approved such investments.
Why Reliance is closing its Hamleys subsidiary in the UK
Reliance Industries's step-down subsidiary, Hamleys (Franchising) Ltd, is facing a voluntary strike-off from the UK company register.
This is Nike's 1st-ever running shoe made for India
Nike has unveiled its first-ever running shoe specifically designed for the Indian market.
Foreign investors flee stocks, but FDI into India jumps 43%
India witnessed a significant increase in net foreign direct investment (FDI) inflows during the April-August period.
Disney lays off hundreds of employees across theme parks division
Walt Disney Co. is laying off between 100 and 200 employees from its theme parks division, The Los Angeles Times reported.
Carlsberg India files updated IPO papers with SEBI
Carlsberg India, the Indian subsidiary of Danish brewing giant Carlsberg, has filed updated draft papers with the Securities and Exchange Board of India(SEBI) for its initial public offering (IPO).