Business

Track the latest in business and finance—from market trends and economic updates to startup stories and global trade analysis.

Bitcoin hits all-time high; just shy of $112,000; up over 18% since the beginning of 2025

by

Bitcoin surged to a new all-time high on Wednesday, driven by growing investor appetite and strong institutional demand as more traditional financial firms adopt the cryptocurrency.Bitcoin touched $111,988.90 before settling at $111,259, marking a 0.4% increase. The digital currency has shown remarkable growth, rising over 18% since the beginning of 2025, showing growing acceptance in … Read more

Easing financing conditions may boost NBFCs’ credit prospects: FM Nirmala Sitharaman

by

Nirmala Sitharaman (File photo) NEW DELHI: Easing of financing conditions is expected to help improve credit prospects for the NBFC sector, according to finance minister Nirmala Sitharaman. Recent regulatory measures, such as the restoration of risk weights on bank lending and easing of financial conditions, are anticipated to further enhance credit prospects, thereby strengthening the … Read more

ICICI Prudential Mutual Fund plans Rs 10k crore IPO, Prudential to sell 10%

by

MUMBAI: Another large-size IPO is being planned in the current year. Prudential Corp of UK, the joint venture partner of ICICI Bank in ICICI Prudential Asset Management, is selling 10% stake in the company through an initial public offering that could be worth around Rs 10,000 crore. On Tuesday, the AMC had filed the papers … Read more

Donald Trump targets Brazil: US President announces 50% tariffs; cites ‘witch hunt’ against Bolsonaro

by

US President Donald Trump announced on Wednesday his intention to implement a 50% tariff on Brazilian imports, partially responding to what he terms a “witch hunt” against his political ally, former Brazil President Jair Bolsonaro, who faces coup-related charges.Trump’s letter addressed to President Luiz Inácio Lula da Silva stated the tariffs would commence August 1. … Read more

‘FTAs to give farmers greater market access’: Commerce and industry minister Piyush Goyal

by

Piyush Goyal (File photo) New Delhi: Commerce and industry minister Piyush Goyal said on Wednesday that free trade agreements (FTAs) will help domestic farmers with greater market access in. Australia, UAE, UK and EFTA countries.“We have reduced non-trade barriers for our farmers…We are doing FTAs with developed markets…Australia, UAE, EFTA, UK…through these agreements, we have … Read more

Manipal Hospitals to buy Sahyadri in 6,000 crore deal

by

Image used for representative purposes NEW DELHI: Manipal Hospitals announced on Wednesday that it signed definitive agreements to acquire Sahyadri Hospitals from Ontario Teachers’ Pension Plan (Ontario Teachers’), a global investor. The acquisition will bring Ranjan-Pai backed Manipal’s total bed count to about 12,000, making it one of India’s largest hospital networks, says a company … Read more

Vedanta drops 3% after US short seller calls it ‘house of cards’, firm hits back

by

MUMBAI: In a move reminiscent of Hindenburg going short on Adani Group, US-based financial researcher Viceroy Research said Wednesday it was “shorting” the debt stack of metal tycoon Anil Agarwal-controlled Vedanta Resources, the UK-based parent of Mumbai-listed miner Vedanta, as it believes the entire group structure is ‘financially unsustainable’, operationally compromised, ‘a house of cards’, … Read more

Nvidia becomes first public company to cross $4 trillion market cap, now bigger than Microsoft and Apple: Here’s what that means

by

The Huang Foundation was founded in 2007 with an initial donation of 370,000 Nvidia shares Nvidia has officially become the first publicly traded company to cross the $4 trillion mark in market value, a major milestone that underscores the growing influence of artificial intelligence on the global economy. The chip giant’s market cap hit $4.009 … Read more

SIPs hit new high in June as D-Street uncertainty eases

by

MUMBAI: After a few months of flat growth in inflows by retail investors through SIPs in mutual fund schemes, the northward movement is back. In June, gross inflows through SIPs in MFs – an investment segment within the MF industry that is dominated almost entirely by retail investors – touched a new all-time peak at … Read more

Mutual fund SIP inflows touch record high: June investments hit Rs 27,269 crore, up 2% from May; contributing SIP accounts cross 8.64 crore for first time

by

Monthly investments through systematic investment plans (SIPs) surged to a new peak of Rs 27,269 crore in June 2025, up 2% from Rs 26,688 crore in May, crossing the Rs 27,000 crore mark for the first time, according to fresh data from AMFI.The SIP assets under management (AUM) rose to Rs 15.30 lakh crore in … Read more