Business
Business News
Corporate · M&A · Industry
businessBRICS 2026: Xi Jinping's Absence at Gala Dinner Explained
Chinese President Xi Jinping missed the gala dinner at the BRICS Summit 2026 due to scheduling conflicts. Despite his absence from the dinner, he participated in key discussions and met with Indian PM Modi to discuss bilateral relations.
businessMidcap Stocks See Robust EBITDA Growth in June 2026 Quarter
Eight midcap stocks on the NSE reported over 80% EBITDA growth in the June 2026 quarter, highlighting strong operational performance. Lloyds Metals & Energy led with a 245% increase.
businessSML Ltd Considers IPO to Fund New Chemical Entity Development
SML Ltd is considering an IPO within the next two to three years to fund its new chemical entity development. The company is also focusing on expanding its business lines and has introduced Sachin Tendulkar as a brand ambassador to boost product adoption.
businessBRICS Leaders Convene in New Delhi for 2026 Summit
Leaders from BRICS nations, including PM Modi, convene in New Delhi for the 2026 summit to discuss economic cooperation and strategic partnerships. The summit aims to enhance intra-BRICS trade and address global economic challenges.
businessOracle Expands Restructuring Costs by $700M Amid AI Investments
Oracle plans to increase its restructuring costs by $700 million, indicating further job cuts as it shifts focus towards AI investments. The company has already booked $2.1 billion in charges under this plan.
businessBrent Crude Nears $109 Amid Houthi Advances in Red Sea
Brent crude prices have surged over 6% this week, nearing $109 per barrel, driven by Houthi advances towards a key Red Sea chokepoint. This geopolitical tension adds to existing supply concerns, marking a significant weekly gain for oil markets.
businessSBI Adjusts NSE Stake Sale Strategy with SBI Capital Markets
SBI revises its NSE IPO strategy by reducing its direct offer for sale to 15.97 million shares and involving SBI Capital Markets to sell 8.78 million shares. This strategic move aims to optimize participation and maximize returns.
businessAI Efficiency Is Only Half the Story, Says Anthropic India MD
Irine Ghose, MD of Anthropic India, urges companies to focus on using AI not just for efficiency gains but also for driving innovation and growth. She emphasizes the importance of aligning AI initiatives with broader business goals to unlock long-term potential.
businessSamsung, Duolingo Mock Apple After Foldable iPhone Launch
Samsung and Duolingo mocked Apple on social media following the launch of its foldable iPhone Duo. The event marks Apple's entry into the foldable smartphone market, where Samsung is a key player.
businessCoforge Chairman OP Bhatt Resigns Amid Audit Concerns
Coforge Chairman OP Bhatt has resigned following an audit that raised concerns over board evaluation processes. The company is now focused on addressing governance issues to restore stakeholder trust.
businessTelegram Outage Hits Users Across India and Asia
Telegram experienced a significant outage affecting users across India and parts of Asia, disrupting messaging and login functionalities. The company is working to resolve the issue.
businessICICI Lombard Penalized Rs 1 Crore by IRDAI for Outsourcing Breach
ICICI Lombard General Insurance has been fined Rs 1 crore by the IRDAI for breaching outsourcing norms. The penalty underscores the regulator's commitment to enforcing compliance in the insurance sector.
businessUS CPI, Rentomojo IPO, Oil Reports Highlight This Week
This week, key economic indicators like the US CPI and PPI, Rentomojo's IPO, and oil market reports will be in focus. These events are expected to influence global market sentiment amid ongoing geopolitical tensions in West Asia.
businessSchneider Electric's 917% Return: Future Growth Prospects
Schneider Electric Infrastructure has achieved a 917% return over five years, turning a FY21 loss into a Rs 213 crore profit in FY26. Investors are now focused on the company's order execution and expansion plans for sustained growth.
businessAir India Pilots Test Non-Negative for Psycho-Active Substances
Two Air India pilots tested non-negative for psycho-active substances during a Phuket-Delhi flight, raising safety concerns. The DGCA is investigating the incident to ensure compliance with safety protocols.
businessBharat NCAP 2.0 to Launch in 2027 for Vehicle Chain Crash Tests
Bharat NCAP will launch its 2.0 version in October 2027 to evaluate vehicle chain crashes, offering testing at 75% lower costs than international alternatives. This move aims to enhance India's role in automotive safety testing.
businessRobert Kiyosaki Faces Debt Issues Despite Book Success
Robert Kiyosaki, author of 'Rich Dad Poor Dad', is reportedly facing financial difficulties due to underperforming real estate investments. Despite the book's success, Kiyosaki's situation highlights the risks associated with real estate markets.
businessUjjivan Small Finance Bank Shares Could Surge 38%, Says ICICI
Ujjivan Small Finance Bank shares could rally up to 38%, driven by expected improvements in RoA and a 25% YoY growth in advances by FY27, according to ICICI Securities. The bank's strategic focus on operating leverage and credit cost reduction supports this optimistic outlook.
businessTBZ Shares Surge 20%, Deliver 30% Returns in Five Days
TBZ shares hit a 20% upper circuit, delivering a 30% return in five days. The surge is driven by strong quarterly earnings and strategic growth initiatives, boosting investor confidence.
businessAugust Auto Sales Surge: Hyundai and M&M Lead the Charge
In August, Hyundai Motors and Mahindra & Mahindra led the Indian auto industry's growth, with Hyundai's domestic sales up 26% and M&M's overall sales jumping 50%. The sector shows strong recovery as consumer demand rebounds.
businessBroadcom's Earnings Under Scrutiny Amid High AI Expectations
Broadcom's upcoming earnings report is under intense scrutiny as investor expectations rise following Nvidia's strong performance. The semiconductor giant's ability to meet its ambitious AI revenue targets will be closely watched, with a $16 billion benchmark for AI semiconductor revenue by fiscal 2026 in focus.
businessMid, Small-Caps Have More Headroom, Says Mihir Vora
Mihir Vora highlights growth potential in mid and small-cap stocks, emphasizing the importance of strategic stock-picking in the broader market. Investors are advised to diversify portfolios and conduct thorough research.
businessE20 Fuel Row: Supreme Court Rejects Ethanol Disclosure Plea
The Supreme Court of India has dismissed a plea for mandatory disclosure of ethanol content in petrol, supporting the government's E20 fuel policy. This decision highlights ongoing debates over consumer rights and environmental policies.
businessSBI to Dilute 1% Stake in NSE's Rs 30,000-Crore IPO
State Bank of India (SBI) and its subsidiary plan to dilute a 1% stake in the National Stock Exchange's (NSE) proposed Rs 30,000-crore IPO. This move is part of NSE's strategy to enhance its capital base and expand market presence.