Business
India’s omnipresent UPI digital payments network gets a price tag, but only for select transactions
After six years of government-subsidised free payments, NPCI has introduced MDR on select UPI transactions. The structure is more nuanced than the headlines suggest — and the winners and losers aren't who you'd expect.
Reliance-owned JioHotstar set for international debut to bank on Indians’ overseas presence
JioHotstar, the Indian streaming platform that was formed post Reliance’s acquisition of Disney’s India assets, is set to debut in international markets. Considering the streaming platform’s heavy India-leaning…
India plans issuing its first ever tokenised bonds as early as September this year: Report
24 AUG 2026
Bank of America buys 49.9% stake in Jio’s lending arm for $1.9Bn
12 AUG 2026OpenAI is offering significant discounts on smaller models in bid to boost enterprise sales
ChatGPT maker OpenAI, has announced some of the most significant price cuts in the company’s history, as it looks to pounce on the more larger market share acquired…
Uber is acquiring Delivery Hero for $14.8Bn
16 JUL 2026
SK Hynix debuts on Nasdaq at $170, shares surge 14% in largest-ever foreign US listing
10 JUL 2026India’s contract manufacturing startup ‘Zetwerk’ receives regulator’s approval for IPO
Zetwerk has received approval from the Securities and Exchange Board of India (SEBI) to go ahead with its initial public offering (IPO). The approval comes after the company…
TCS reports 5% rise in Q1 FY27 profit to $1.4Bn, AI revenue reaches $2.6Bn
Tata Consultancy Services (TCS) reported a steady start to FY27, posting a consolidated net profit of ₹13,349 crore (~ $1.40 billion) for the April-June quarter, a 4.6-5% year-on-year…
Amazon could raise $25Bn through bond sale to fund AI expansion
Amazon is preparing to raise at least $25 billion through a US dollar-denominated bond sale, making it one of the biggest corporate debt offerings of 2026, reports Bloomberg. The…
Tesla delivers record 480,126 vehicles in Q2’26, sales jump 25% and beat estimates
Tesla made a strong comeback in the second quarter of 2026, delivering a record 480,126 electric vehicles globally, up 25% from 384,122 vehicles in the same quarter last…
OYO parent PRISM files updated DRHP for ₹6,650 crore all-fresh issue IPO
OYO’s parent company, PRISM, has taken another major step towards its stock market debut by filing an Updated Draft Red Herring Prospectus (UDRHP-I) with the Securities and Exchange…
PayU India turns profitable for the first time in FY26, revenue rises 13% to $781Mn
PayU India has reported its first full-year operating profit in FY26, achieving a major milestone after years of investing heavily to expand its payments and lending businesses. The…
Apple shares plummet over 6% amid price increase for Macs, iPads, home and Vision Pro
As Apple announced a rare extreme step of steep price increases across the MacBook series, iPad, home devices and Vision Pro line-up, investors seem to have been taken…
Amazon adds $13Bn more to its planned India investment with focus on AI, Data Centres
With Amazon CEO Andy Jassy currently visiting India and meeting with the country’s top entreprenuers and leaders (including Prime Minister Modi), the US giant announced $13Bn of investments,…
South Korea’s SK Hynix plans record $29.4Bn Nasdaq listing amid AI boom
South Korean memory-chip giant SK Hynix is preparing for one of the biggest stock market offerings ever by a semiconductor company, announcing plans to raise up to 45.45…
SpaceX launches first-ever senior unsecured notes offering, reveals $100.8Bn in cash reserves
SpaceX has launched its first-ever offering of senior unsecured notes, a type of corporate debt that is not backed by specific assets. Along with the debt offering, the…
Reliance AGM’26: Jio Platforms files DRHP with SEBI for IPO, plans issue of up to 270Mn shares
India’s telecom giant, Jio Platforms, has officially started the process of going public after filing draft IPO papers with SEBI. Reliance Industries Chairman Mukesh Ambani made the announcement…
PayPal shuts down $850Mn venture arm amid restructuring
PayPal is shutting down PayPal Ventures, ending a corporate venture capital operation that spent a decade investing in some of the most prominent names in fintech and financial…
SpaceX’s IPO raises record $85.7Bn as underwriters sell 15% additional shares
SpaceX has taken its record-breaking stock market debut to an entirely new level. After already raising $75 billion in its initial public offering (IPO), the company’s underwriters exercised…
Razorpay submits confidential DRHP to SEBI for $600Mn IPO: Report
Razorpay, one of India’s largest fintech companies, has confidentially filed draft IPO papers with SEBI and stock exchanges for a public issue expected to raise about $600 million…
