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Business / NewsBytes

Centre discusses strategy for rare earth magnets, China import concerns

The Prime Minister's Office (PMO) held a high-level meeting to discuss India's strategy and preparedness for rare earth magnets, according to CNBC-TV18.

19 Jul 2025 12:20 am
JioStar posts 580cr profit in Q1, boosted by IPL 2025

JioStar, the joint venture between Reliance Industries Limited (RIL) and Walt Disney, has posted a net profit of over 580 crore for the quarter ending June.

19 Jul 2025 12:05 am
Oracle co-founder is launching tech institute to tackle global challenges

Larry Ellison, the co-founder of Oracle and the world's second-richest person, has announced a major change in his philanthropic strategy.

18 Jul 2025 6:13 pm
Wipro yet to decide on salary hikes for this year

Saurabh Govil, the Chief Human Resources Officer at Wipro, has said that the company is yet to decide on salary hikes for this year.

18 Jul 2025 5:52 pm
Kotak Bank CEO tops private banker salaries with 13cr payout

The CEOs of private sector banks have witnessed a 4-12% hike in their salaries for the financial year 2024-25.

18 Jul 2025 5:49 pm
Reliance Retail acquires Kelvinator to expand in home appliances market

Reliance Retail, a subsidiary of Reliance Industries Ltd., has acquired the iconic home appliances brand Kelvinator.

18 Jul 2025 5:33 pm
China imposes new export controls on EV battery technology

China has imposed new export restrictions on technologies crucial for manufacturing electric vehicle (EV) batteries.

18 Jul 2025 5:11 pm
PMO to hold high-level meeting today on rare-earth magnet crisis

The Prime Minister's Office (PMO) is gearing up for a high-level meeting on July 18 to discuss the ongoing crisis over rare earth magnets, according to CNBC-TV18.

18 Jul 2025 4:34 pm
Why Royal Society wants Musk to resign from his fellowship

The Royal Society, the UK's national academy of sciences, has suggested that Elon Musk consider resigning from his fellowship.

18 Jul 2025 4:18 pm
Brazil just tripled its rareearth exports to China: Here's why

Brazil has seen a massive surge in its rare earth exports to China, with the first half of 2025 witnessing a threefold increase.

18 Jul 2025 3:49 pm
India's exports to Turkey fall over 50% as ties strain

India's trade with Turkey and Azerbaijan has witnessed a sharp decline in May.

18 Jul 2025 3:18 pm
Modi government wants France to co-develop next-gen fighter jet engines

In a major move toward self-reliance in defense, the Ministry of Defense has recommended a strategic partnership with France for the co-development of next-generation fighter jet engines.

18 Jul 2025 3:16 pm
CEO in Coldplay kiss-cam is worth millionsInside Andy Byron's fortune

Andy Byron, the CEO of Astronomer, a tech company valued at over $1.3 billion, is at the center of a controversy after a video of him and Kristin Cabot, the company's Chief People Officer, went viral.

18 Jul 2025 2:26 pm
US Congress passes landmark crypto bill, Trump signs it today

The US Congress has passed its first major national cryptocurrency legislation, a historic move for the industry.

18 Jul 2025 1:33 pm
Perplexity AI hits $18B valuation with latest $100M funding round

Perplexity AI, a start-up offering an AI-powered search engine that competes with Google, has raised $100 million in a new funding round.

18 Jul 2025 1:23 pm
Apple sues YouTuber Jon Prosser over alleged iOS 26 leaks

Apple has filed a lawsuit against YouTuber Jon Prosser and his associate Michael Ramacciotti for allegedly stealing trade secrets and violating the Computer Fraud and Abuse Act (a US federal law enacted in 1986).

18 Jul 2025 1:06 pm
Platinum prices hit highest level since August 2014

Platinum prices have hit their highest level since August 2014, with spot platinum gaining by 0.1% to $1,458.80 per ounce on Friday.

18 Jul 2025 12:52 pm
IndiQube's 700cr IPO opens next week: What you should know

IndiQube Spaces Limited, a leading workplace solutions provider, is gearing up for its Initial Public Offering (IPO).

18 Jul 2025 12:28 pm
Tesla settles lawsuit over 2019 fatal crash involving Autopilot

Tesla has settled a high-profile lawsuit over a fatal crash in 2019 involving its Autopilot system.

18 Jul 2025 12:23 pm
Meta recruits two AI experts from Apple in continued hiring spree

Meta has hired two key artificial intelligence (AI) researchers, Mark Lee and Tom Gunter, from Apple.

18 Jul 2025 12:08 pm
India needs $1.5T by 2030 for climate, energy goals: Report

India will need an investment of around $1.5 trillion by 2030 to meet its climate change and energy transition goals, a new report by Deloitte has said.

18 Jul 2025 10:59 am
Netflix reports $11B revenue and $3.1B profit in Q2 2025

Netflix reported a strong Q2 2025 performance, with revenue rising to $11.08billion, a 16% increase yearoveryear, and net income soaring to $3.1billionmarking a 46% jump YoY.

18 Jul 2025 10:49 am
Musk's $9B Neuralink classified itself as a 'small disadvantaged business'

Elon Musk's health tech company, Neuralink, had classified itself as a small disadvantaged business in a federal filing with the US Small Business Administration (SBA).

18 Jul 2025 10:01 am
Anthem Biosciences IPO: Shares to list today, strong debut expected

The shares of Bengaluru-based Anthem Biosciences Ltd (ABL) will be listed on the stock exchanges today. The company has set its issue price at 570 per share after a successful initial public offering (IPO).

18 Jul 2025 9:52 am
Mark Zuckerberg and Meta shareholders settle $8B Facebook privacy lawsuit

Mark Zuckerberg and other current and former executives of Meta Platforms have settled an $8 billion lawsuit.

18 Jul 2025 9:12 am
Need 5,000 fast? Fintechs now offer instant loans via Aadhaar

Fintech lenders and non-banking financial companies (NBFCs) have made personal loans easier to get in recent years.

17 Jul 2025 6:55 pm
Samsung-BOE dispute: Could China-made iPhones be banned in the US?

The US International Trade Commission (ITC) has issued a preliminary ruling recommending a ban on BOE smartphone displays, including those used in some iPhone models.

17 Jul 2025 6:25 pm
After Karnataka, more states seek merchant data from UPI apps

Following Karnataka, four other Indian states, Andhra Pradesh, Uttar Pradesh, Tamil Nadu, and Gujarat, have sought annual turnover data from Unified Payments Interface (UPI) apps and payment aggregators.

17 Jul 2025 6:07 pm
Can Trump fire Fed Chair Jerome Powell? Experts weigh in

US President Donald Trump has been vocal in his criticism of Federal Reserve Chair Jerome Powell, especially over a $2.5 billion renovation project and the Fed's decision not to lower interest rates further.

17 Jul 2025 5:48 pm
India's iPhone exports surge 53%, led by US demand

India's iPhone exports have witnessed a whopping 53% year-on-year (YoY) growth in the first half of 2025, according to data from Canalys.

17 Jul 2025 5:33 pm
Zepto co-founders top Hurun India's under-30 list of young entrepreneurs

Kaivalya Vohra and Aadit Palicha, the 22-year-old co-founders of Zepto, have topped the inaugural edition of Avendus Wealth Hurun India's Uth Series 2025 - Under-30 list.

17 Jul 2025 5:11 pm
Mark Zuckerberg faces $8B trial over Facebook data misuse

An $8 billion trial has begun against Mark Zuckerberg and other current and former leaders of Meta, initiated by the company's shareholders.

17 Jul 2025 4:33 pm
Meta's AI talent acquisition spree: Zuckerberg calls $200M/yr figures 'inaccurate'

Meta CEO Mark Zuckerberg has addressed recent reports claiming that the company is offering pay packages of $100-200 million to recruit artificial intelligence (AI) talent from competitors.

17 Jul 2025 4:16 pm
Trump's trade deal with Indonesia includes big order for Boeing

After the Lion Air crash in 2018, Indonesian flag carrier Garuda Indonesia had tried to cancel its remaining orders for Boeing 737 MAX aircraft.

17 Jul 2025 4:04 pm
DLF launching 1st-ever residential project in Mumbai after a decade

DLF, one of India's leading real estate developers, is making a comeback in the Mumbai Metropolitan Region after over a decade.

17 Jul 2025 3:48 pm
Samsung chair cleared of fraud by South Korea's apex court

The Supreme Court of South Korea has acquitted Lee Jae-yong, the de facto head of Samsung Group, in a fraud case stemming from a 2015 merger deal.

17 Jul 2025 3:03 pm
RBI issues new rules to curb prepayment charges on loans

The Reserve Bank of India (RBI) has announced a new set of guidelines regarding the imposition of prepayment charges on floating rate loans and advances.

17 Jul 2025 2:41 pm
Anthem Biosciences IPO sees 64x subscription amid soaring investor interest

Anthem Biosciences Ltd's 3,395 crore initial public offering (IPO) was subscribed 63.86 times at close, thanks to robust interest from qualified institutional buyers (QIBs).

17 Jul 2025 1:44 pm
Trump says Coca-Cola is changing its key ingredient in US

US President Donald Trump has announced that Coca-Cola has agreed to consider switching to real cane sugar for its drinks sold in the country.

17 Jul 2025 1:39 pm
Sunil Mittal receives honorary doctorate from a UK institution

Sunil Bharti Mittal, the founder and chairman of Bharti Enterprises, has been awarded an Honorary Doctorate in Business Administration by the University of Bath in the UK.

17 Jul 2025 12:52 pm
Amazon wins lawsuit over ads on Prime Video

Amazon has won a legal battle against its Prime Video subscribers over the introduction of advertisements on the streaming service.

17 Jul 2025 12:08 pm
Tata Neu is offering cardholders free access to Spotify Premium

In a major move, Tata Digital has partnered with Spotify to offer four months of free Spotify Premium to holders of the Tata Neu HDFC Bank Credit Card.

17 Jul 2025 12:03 pm
Reliance Infra, Reliance Power to raise 9,000cr each

Reliance Infrastructure and Reliance Power, both part of the Reliance Group, have announced plans to raise up to 9,000 crore each.

17 Jul 2025 11:18 am
Bharti Airtel to hold 30th annual meeting on August 8

Telecom giant Bharti Airtel has announced the date for its 30th Annual General Meeting (AGM).

17 Jul 2025 10:03 am
Intel to lay off 5,000 employees as chip demand declines

Intel has announced plans to lay off around 5,000 employees as part of its cost-cutting strategy.

17 Jul 2025 8:59 am
Scale AI lays off 14% staff after Meta's $14B investment

Scale AI, a leading player in the artificial intelligence (AI) data industry, has announced major layoffs. The company is letting go of some 200 employees or nearly 14% of its workforce.

17 Jul 2025 8:42 am
Goldman Sachs reports $3.7B profit in Q2, beats analyst expectations

Goldman Sachs has reported a massive profit of $3.72 billion for the second quarter of 2025, beating analyst expectations.

16 Jul 2025 8:19 pm
GCCs of Fortune-500 companies increasing in India: Why it matters

India is increasingly becoming a hub for Global Capability Centers (GCCs) of Fortune 500 companies, according to a report by consulting firm ANSR.

16 Jul 2025 8:19 pm
SoftBank-backed travel platform Klook might raise $500M via IPO

Klook, a leading travel and leisure booking platform, is said to be considering an initial public offering (IPO) in the United States.

16 Jul 2025 8:18 pm
After 52cr flat, Deepinder Goyal buys a private jet

LAT Aviation, a company backed by Eternal CEO Deepinder Goyal, has acquired a Bombardier Global series private jet.

16 Jul 2025 8:18 pm