Business
20379 articles
Trump signs order to rename Lake Ontario ‘Lake America’ with immediate effect as Canada trade war intensifies
US President Donald Trump has escalated his increasingly bitter trade dispute with Canada by proposing that Lake Ontario be renamed “Lake America”, a move that echoes his earlier push to rename the Gulf of Mexico as the Gulf of America.
Priority Jewels IPO: Co raises Rs 27 crore from Whiteoak Capital and others in anchor round
Priority Jewels secured Rs 27.45 crore from anchor investors before its upcoming public offering. The company's initial public offering will open for subscription on August 28, 2026. This maiden public offer aims to raise funds for working capital and general corporate needs.
Nvidia shares extend gains, jump 7% as blockbuster earnings revive AI trade ,
Nvidia shares jumped about 7% after strong quarterly results and a bullish revenue forecast eased concerns over slowing AI spending. The chipmaker reported $96.2 billion in second-quarter revenue and expects about $108 billion in the current quarter. Its 70% fiscal 2028 growth outlook further strengthened investor confidence in the AI trade.
ESDS Software raises Rs 216 crore from anchor investors ahead of IPO; Quant MF among top buyers
ESDS Software Solution raised Rs 216 crore from anchor investors ahead of its Rs 720 crore IPO, opening August 28. Priced at Rs 408-429, the fresh issue will fund cloud computing equipment, data centre infrastructure and corporate needs.
Sebi proposes merchant banker exemption for small-value private debt issues
Sebi has proposed waiving mandatory merchant banker appointments for eligible listed issuers raising small-value debt privately. The move aims to cut costs and delays, while safeguards would restrict exemptions to regulated companies issuing senior secured debt rated AA- or higher.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian equities ended sharply lower on Thursday as expiry-day volatility intensified after the first monthly expiry under the Closing Auction Session. Sensex fell 539 points and Nifty 117 points, while technical indicators signalled weakening momentum amid global and geopolitical uncertainty.
Who is Karan Gupta? Indian-origin former Optum director sentenced to 3 years for $950,000 fraud
Indian-origin former Optum senior director Karan Gupta, 48, has been sentenced to 36 months in prison for defrauding the healthcare firm of more than $950,000 through a no-show job and kickback scheme involving his longtime friend.
Bitcoin’s ‘Uptober’ test: Will August’s rebound turn into a lasting rally?
Bitcoin's sharp rebound from its July low has revived hopes of an ‘Uptober’ rally, but analysts say sustained ETF inflows, institutional demand, regulatory clarity and Fed policy will matter more than seasonality. Bitcoin remains about 37% below its October 2025 record high, keeping the path towards a fresh peak challenging.
Bitcoin’s ‘Uptober’ test: Will August’s rebound turn into a lasting rally?
Bitcoin's sharp rebound from its July low has revived hopes of an ‘Uptober’ rally, but analysts say sustained ETF inflows, institutional demand, regulatory clarity and Fed policy will matter more than seasonality. Bitcoin remains about 37% below its October 2025 record high, keeping the path towards a fresh peak challenging.
NSE IPO: Sebi approval likely soon, says chairman Tuhin Kanta Pandey
NSE’s much-awaited IPO could be nearing launch as Sebi chairman Tuhin Kanta Pandey says approval of its DRHP is close. The entirely offer-for-sale issue involves 148.9 million shares, or 6% stake, with valuation potentially reaching ₹5.26 lakh crore.
Lenskart shares block deal: Alpha Wave Ventures II likely to sell 1.2% stake worth Rs 1,313 crore
Alpha Wave Ventures II plans to sell up to 20.8 million Lenskart shares worth ₹1,313 crore at ₹630 apiece, a 1.7% discount. The secondary transaction represents about 1.2% stake, with Lenskart receiving no proceeds from the sale.
Swiggy Instamart makes Raksha Bandhan 2026 special for delivery 'brothers', create unique rakhi for them: Watch video
A video of a woman making DIY rakhi from a delivery bag of Swiggy Instamart has caught everyone's attention online. The company has launched the unique concept on the occasion of Rakshabandhan.
Nvidia ignites chip stock rally as forecast shows AI boom is intact
Nvidia has calmed investor anxieties regarding the AI surge, forecasting a remarkable seventy percent increase in revenue for the upcoming fiscal year. This optimistic outlook highlights sustained investments in artificial intelligence technology. Following this development, shares of other AI-related chip manufacturers also rose, with Nvidia witnessing a substantial one-day boost in its market capitalization.
Sebi chief Tuhin Kanta Pandey clarifies on CAS changes after big Sensex expiry-day swing
Sebi Chairman Tuhin Kanta Pandey said the regulator has no plans to change the Closing Auction Session despite sharp expiry-day swings. Sebi expects participation and understanding to improve, while monitoring liquidity concerns and alleged manipulation. NSE IPO approval is also nearing.
Calcutta Stock Exchange seeks Sebi nod for trading comeback
The 118-year-old Calcutta Stock Exchange is seeking Sebi guidance on reviving equity trading through interoperability or a new clearing corporation. The bourse is evaluating regulatory compliance options, with interoperability via NSE or BSE potentially offering a faster route.
US earnings cycle no longer carried by Mag7 as profits spread across S&P 500
US earnings momentum is broadening beyond the Magnificent 7, with S&P 500 CY27 EPS estimates rising nearly 22% year-on-year. Stronger revenue growth, margin expansion and upgrades across sectors suggest the next market phase could feature wider earnings participation.
Happiest Minds Technologies shares fall 6% as reports suggest ITC Infotech may buy promoter stake
Happiest Minds Technologies shares fell 6.16% after reports that ITC Infotech may acquire a 22% promoter stake. The stock settled at Rs 420.25, while investors weighed the potential transaction against the company’s recent profit and revenue growth.
ED seizes, freezes ₹33 crore assets of Vatika promoters in homebuyer 'fraud' case
The ED has seized and frozen assets worth ₹33 crore linked to Vatika Ltd promoters in a money laundering probe over alleged fraud with homebuyers. The agency alleged that plots worth ₹120 crore were delivered against ₹260.30 crore received.
Nvidia at heart of data centre revolution, says BNP Paribas; sees 36% upside
BNP Paribas has issued an outperform rating on Nvidia with a target price of $285, implying a 36% upside. The brokerage highlighted Nvidia's role in the data centre revolution, accelerated computing, strong Q2 financial results, and robust demand for its Blackwell and Vera Rubin platforms despite supply chain constraints.
