Indian textile shares jumped sharply today as markets cheered a fresh trade pact between India and the US. Trident Ltd stood out with massive trading volume and a strong price rise, drawing eyes from traders and investors alike. India-US Trade Deal Sparks Textile Rally Markets lit up on 3 February
A high-profile US legal case has emerged this week involving a young fintech founder once celebrated as a rising star in the tech world. Gökçe Güven, a 26-year-old Turkish entrepreneur and former Forbes 30 Under 30 honouree, has been charged by US federal prosecutors with multiple counts of fraud, including
Reportedly, talks are underway between UPI and Ant International's Alipay+, a cross-border digital payment system, to facilitate UPI's continued international expansion by the Indian government and the Reserve Bank of India (RBI). Tourists from India would be able to use UPI with Alipay+-registered merchants abroad
Oracle’s stock dipped sharply in early trading this week, as investors reacted to the company’s announcement that it plans to raise between $45 billion and $50 billion in 2026 to support its growing artificial intelligence (AI) and cloud infrastructure business. The broad market sell‑off reflects increasing concerns
Gold and silver prices in India ended the trading day on 2 February 2026 with notable declines, continuing the sharp sell-off seen over the past few sessions. Retail bullion rates across major cities fell as global uncertainty and profit-booking weighed on precious metals. Silver saw sharper losses, while gold also
As part of its massive reorganisation, the Chan Zuckerberg Initiative laid off several employees at the beginning of 2026. Layoffs were made in order to redirect resources to biomedical research that makes use of artificial intelligence. Mark Zuckerberg and his wife Dr Priscilla Chan established the charitable foundation CZI. A
In preparation for its initial public offering (IPO) in India, roll-up commerce business BRND.ME plans to move its headquarters from Singapore to India by March. It will be done once the firm completes a critical regulatory challenge. Swaggy, Instamart, and Zepto are private label powerhouses, but CEO Ananth Narayanan
India has recently taken a daring move in the quest for global AI infrastructure. Cloud service firms based in India that manage global workloads would be eligible for a tax break until 2047, according to Finance Minister Nirmala Sitharaman. Income from services offered abroad is effectively tax-free. Microsoft, Amazon, and
At an age when most teenagers are still figuring out their academic paths, Guru Charann Tej Nambi was already thinking in terms of markets, customer trust, and global scale. At just 17, the Hyderabad-based founder is quietly building Charann Global, an early-stage e-commerce venture shaped as much by personal curiosity
United States banks are pulling back from funding Oracle's expansion of its artificial intelligence data centres, so the business is contemplating laying off 20,000 to 30,000 workers and selling off some of its operations. According to TD Cowen's research, the elimination of jobs would
According to a letter sent to Tata Trusts chairman Noel Tata, Pramit Jhaveri will resign as a trustee of the Sir Dorabji Tata Trust at the conclusion of his current tenure on February 11, 2026. Jhaveri stated in his letter dated January 31 that he declined to be considered for
Finance Minister Nirmala Sitharaman disclosed a Rs 40,000 crore allocation for semiconductors during the presentation of the Union Budget 2026 today. The 'India Semiconductor Mission 2.0' was announced by the Finance Minister in order to leverage the momentum of the semiconductor mission. Sitharaman stated that the
Along with a senior Siri executive, Apple Inc. has lost at least four additional AI researchers in recent weeks. The employees have left for companies like Google DeepMind and Meta Platforms Inc. Yinfei Yang, Haoxuan You, Bailin Wang, and Zirui Wang are among the most recent departures. According to various
As part of cost-cutting efforts, fitness technology business Peloton Interactive Inc. has laid off 11% of its workforce, with engineering teams accounting for the majority of the layoffs. On January 30, Peter Stern, Peloton's CEO since 2025, informed staff members of the layoffs. The impacted engineers worked on
Ola Electric, based in Bengaluru, announced on 30 January that it would lay off about 5% of its employees as part of a reorganisation meant to increase automation and boost profitability. An electric two-wheeler manufacturer financed by SoftBank has said that it is "doubling down" on discipline and
India’s business landscape saw notable strategic moves on 30th January 2026, with major corporations expanding into new categories and strengthening their technology capabilities. Reliance Consumer Products Ltd announced its entry into the ready-to-drink iced tea segment, while Apple boosted its artificial intelligence portfolio through the acquisition of Israeli startup
ITC Group plans to launch a number of packaged foods with a focus on freshness. From cookies and cakes to chutneys and namkeens, it will be accessing its food-tech platform as it sharpens its push into premium items. Through its food-tech cloud kitchens, the corporation is quietly establishing a portfolio
As domestic markets closed on 30 January 2026, both gold and silver prices in India retreated from recent peaks, with silver showing notably higher volatility. After sustaining multi-day rallies that pushed bullion to record levels, profit-booking and broader risk-off sentiment saw both metals weaken by the end of trading. International
From at least two local bidders, Prudential Financial Inc.'s India asset manager has received proposals. State Street Investment Management-backed Groww Asset Management Ltd and Edelweiss Asset Management have filed offers for PGIM India Asset Management Pvt Ltd, as per the current media reports. After witnessing little significant growth
Tim Cook, the CEO of Apple Inc., stated recently that the business had a "great quarter" in India from October to December 2025. He added that the quarterly revenue spiked with the record sale of the iPhone, Mac, iPad, and even services. During the company's first-quarter
Reliance Consumer Products Ltd (RCPL) wants to enter the bottled iced tea industry this coming summer with the relaunch of “Brew House". According to data from the commerce ministry, the company was approved for the trademark on July 23, 2025, and it is anticipated that the brand would be
Indian gaming and entertainment startup Zupee has laid off around 200 employees in a fresh round of job cuts as part of a strategic restructuring of its business. The move marks the company’s second major workforce reduction in recent months, as it moves away from its earlier real-money gaming
Elon Musk’s SpaceX is in advanced merger talks with his artificial intelligence firm xAI, as preparations begin for a potential blockbuster initial public offering (IPO) in 2026. The discussions, first reported by Reuters and confirmed by multiple global media outlets, signal a major shift in Musk’s business strategy,
On January 29, Apple announced that it has purchased Q.ai, an Israeli startup developing artificial intelligence technologies for audio. The terms of the Q.ai transaction, which was supported by venture capital firms Matter Venture Partners, Kleiner Perkins, Spark Capital, Exor, and GV, formerly known as Google Ventures, were