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"business-news"

  • US short seller calls Vedanta Resources ‘financially unsustainable’, shares tumble nearly 8 per cent

    Billionaire Anil Agarwal’s company denies allegations, says report aimed at manipulating market sentiment for profit
  • Turkiye bans Elon Musk’s AI chatbot Grok for offensive content

    The chatbot, developed by Musk’s company xAI, posted vulgarities against Turkish President Recep Tayyip Erdogan, his late mother and personalities, while responding to users’ questions on the X
  • Apple appoints Indian-origin Sabih Khan as new Chief Operating Officer

    Sabih Khan, 58, has been with Apple for 30 years and is currently senior vice president of operations. The transition comes at a time when US President Donald Trump nudged Apple to move production of iPhone to America
  • Chinese techies’ exit from Foxconn India won’t impact iPhone 17 production, say sources

    Hundreds of Chinese professionals working at Foxconn India units have returned to China in the last two months
  • Nationwide strike may hit banking services on July 9

    Millions of bank workers across India will join nationwide strike on July 9 as unions protest labour reforms and privatisation of public institutions
  • Musk’s X says Indian government directed it to block over 2,300 accounts, including Reuters

    The social media platform said the Ministry of Electronics and Information Technology demanded immediate action — within one hour — without providing justification, and required the accounts to remain blocked until further notice
  • Former Sebi chief Madhabi Buch denies regulatory failure in Jane Street case

    Says Sebi investigation began in April 2024 during her tenure; calls media allegations of regulatory failure “unfortunate”
  • US close to finalising trade deal with India, says Trump

    US President Donald Trump said the country is close to finalising a trade deal with India, as his administration sends out tariff letters to other nations. India, spared from this round, has three more weeks to conclude an interim agreement
  • US pushes tariff deadline to Aug 1, India benefits

    The US has extended the suspension of reciprocal tariffs against India until August 1, offering a temporary relief to exporters. This extension provides negotiators more time to resolve pending issues ahead of finalising an interim India-US trade agreement
  • Ola Electric rolls out MoveOS 5 for S1 scooters, Roadster X bikes

    Ola Electric has begun rolling out its new MoveOS 5 software to S1 scooters and Roadster X bikes. The upgrade, delivered via OTA, promises better range, improved performance, and a more refined riding experience, especially on the Gen-3 platform
  • Indian textile stocks rally as Trump slaps 35 per cent tariff on Bangladesh

    Indian textile stocks surged after US President Donald Trump imposed a 35 per cent tariff on Bangladeshi goods. Companies like Gokaldas Exports and Vardhman Textiles saw gains. The US warned of further action if Bangladesh retaliates with higher tariffs.
  • Realme ropes in Vicky Kaushal as brand ambassador for smartphones

    Smartphone brand realme has appointed actor Vicky Kaushal as its brand ambassador ahead of the July 24 launch of the realme 15 Series
  • UAE’s new Golden Visa opens lifetime residency to Indian investors

    The UAE has revamped its Golden Visa scheme, offering lifetime residency for AED 100,000 (~Rs 23.3 lakh). This change may reshape Indian investment strategies, shifting focus from residency-based property purchases to long-term, value-driven real estate decisions
  • JioBlackRock raises Rs 17,800 crore in maiden mutual fund offering

    JioBlackRock Asset Management, a joint venture between Jio Financial Services and BlackRock, has raised Rs 17,800 crore through its maiden New Fund Offer. The three-day NFO received strong participation from institutional and retail investors, marking a significant debut in the debt fund space
  • China says BRICS not aimed at confrontation amid Trump tariff warning

    China stated that BRICS is not a confrontational bloc and targets no nation, responding to Donald Trump’s threat to impose extra tariffs on countries supporting BRICS. China reiterated its stance on open cooperation and warned against protectionist trade practices
  • India’s service sector powers ahead in USD 5 trillion economy push

    India’s service sector has become the backbone of the nation’s economic growth, contributing 55 per cent to GVA in FY25. A new report highlights massive growth across IT, BFSI, healthcare, telecom, and e-commerce
  • Sebi Chairman says, no other market risk like Jane Street case

    Sebi Chairman Tuhin Kanta Pandey said the regulator does not see widespread risks similar to the Jane Street manipulation case. SEBI is planning to enhance surveillance after impounding over Rs 4,843 crore from the hedge fund for index manipulation
  • Biocon Biologics gets UK’s MHRA approval for Denosumab biosimilars

    The company also secured European Commission authorisation, enabling the launch across the EU and EEA regions
  • India’s economy has tripled from Rs 106.57 lakh crore to Rs 331.03 lakh crore in 2024–25

    India’s economy has tripled in a decade, with 6.5 per cent GDP growth in 2024–25 and easing inflation. Strong domestic demand, stable investment, and global confidence are fueling momentum. CPI inflation hit a six-year low, and markets remain resilient and optimistic
  • National Medical Council relaxes medical faculty rules

    New NMC 2025 rules allow non-teaching consultants with experience to become professors without senior residency. Government hospitals with 220 plus beds can become teaching institutes. The reforms aim to expand medical faculty, boost MBBS/PG seats, and strengthen India’s healthcare education
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