Bank of America to Invest $1.9B for 49.9% Stake in Jio Credit
Bank of America is set to invest up to $1.92 billion (₹18,268 crore) to acquire a 49.9% stake in Jio Credit, the non-banking financial company (NBFC)…
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Lovable Funding Round Values AI Coding Firm at $13.3B
Key takeaways The Lovable funding round brings in $400 million at a $13.3 billion valuation. Lovable makes an AI tool…
Trump Car Tariffs Cut US Imports and Exports by 20%
Key takeaways US car imports and exports have each fallen about 20% in 2026. Trump car tariffs are taxes charged…
Samsung Chip Verification Report Says Claude Cut Checks to Days
Key takeaways A report says Samsung cut one chip-checking task from about 30 days to two days. The work checks…
Lenskart Profit Jumps 3.7X to ₹228 Crore in Q1, Revenue Grows 34%
Lenskart Solutions delivered a strong performance in the first quarter of FY27, with consolidated profit after tax surging to ₹228.4…
Rakuten Quarterly Profit Ends Six-Year Wait
Key takeaways Rakuten reported its first quarterly net income in about six years. Investment gains helped push the group into…
Karnataka Govt Imposes 1-Year Ban on Gutkha, Pan Masala sales
The Karnataka government has imposed a one-year ban on the manufacture, storage, distribution, transportation and sale of gutkha and pan…
HAL Q1 Profit Rises 15% to ₹1,581 Crore as Revenue Climbs 14%
Hindustan Aeronautics Ltd (HAL) reported a strong start to fiscal 2026-27, with standalone net profit rising 15% year-on-year to ₹1,581…
Microfinance Loans Above ₹1 Lakh Rise 89.8%
Key takeaways Loans above ₹1 lakh grew 89.8%, according to the reported data. Disbursements of smaller loans declined during the…
Zhipu API Platform Nears 7 Million Users, Adds Chips
Key takeaways Zhipu says its API service is nearing 7 million users. The company has added more than 50,000 Chinese-made…
Oracle, Quantinuum partner to bring quantum computing to cloud
Oracle and quantum computing company Quantinuum have announced a multi-year partnership to integrate quantum computing capabilities into Oracle Cloud Infrastructure…
Nemotron 3.5 Lightning: Nvidia’s Open AI Model
Key takeaways Nvidia launched Nemotron 3.5 Lightning on August 11, 2026. The release marks Nvidia’s first open AI model since…
Wipro Claude Training Targets 10,000 Staff With AI Centre
Key takeaways Wipro plans to certify 10,000 employees on Anthropic’s Claude AI models. The company is also launching a dedicated…
Stock Closing Auction: SEBI Sees No Manipulation
Key takeaways SEBI Chairman Tuhin Kanta Pandey says checks found no manipulation in the closing auction. The process helps set…
Bollywood Stars & Cricketers Buy Pre-IPO NSE Shares Ahead of Mega IPO
Bollywood celebrities and former Indian cricket stars are buying unlisted shares of the National Stock Exchange of India (NSE) ahead…
Shiprocket IPO Opens With 31% GMP: Issue Price, Dates, Lot Size and Key Details
Shiprocket’s initial public offering (IPO) opened for subscription on August 12, 2026, with strong investor interest in the grey market…
Foreign investors sell $5.2B worth Indian FMCG stocks over 12 consecutive months
Foreign institutional investors (FIIs) have pulled about $5.2 billion from Indian FMCG stocks over 12 consecutive months, highlighting a prolonged…
India’s Inflation Rises to 4.45% in July
India’s retail inflation accelerated to 4.45% in July 2026, up from 4.38% in June, as higher food prices continued to…
India Relaxes Consultancy Rules for Give Local Firms at Government Contracts
India has relaxed its rules for consultancy firms seeking government contracts, reducing some of the barriers that have traditionally favored…
US Crude Imports Set for Record Low in India
Key takeaways India’s purchases of US oil look set to reach a new low in August. Refiners buy crude based…
Karnataka Bike Taxis: State Says They Aren’t Public Transport
Key takeaways Karnataka told the Supreme Court that bike taxis should not count as public transport vehicles. The argument could…