Business

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

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

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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

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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

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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

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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

Highways min to give DPR work based on firms’ tech capacity, ratings & bank guarantee

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NEW DELHI: The road transport and highways ministry will now give higher scores to project consultancy firms that have good technical strength and better ratings based on their previous works, and submit the maximum bank guarantee (BG), as it does away with the norm of accepting lowest price (L1) bid for preparation of detailed project … Read more

DRDO tech drive: Over 2,000 technology transfer deals inked in 2024, 200 licences issued

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The Defence Research and Development Organisation (DRDO) has signed over 2,000 technology transfer agreements and issued more than 200 production licences so far in 2024, significantly advancing India’s push for self-reliance in defence manufacturing, a senior official said on Wednesday.“Over 2,000 agreements were signed for technology transfer licences,” said Dr Chandrika Kaushik, Director General (PC&SI), … Read more

Bypassing China’s critical minerals export ban: US buyers re-routing shipments via Mexico, Thailand, says report

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A sharp rise in US-bound shipments of antimony from Thailand and Mexico has reportedly emerged since China imposed export curbs last year, highlighting how global supply chains are being re-routed to work around geopolitical restrictions.According to customs and shipping data reviewed by Reuters, more than 3,800 metric tons of antimony oxides were imported into the … Read more

Donald Trump fires new tariff salvo! Letters to more countries released; Iraq, Philippines & others to face up to 30% duties – check list

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Donald Trump tariffs (AI image) US President Donald Trump on Wednesday issued a fresh set of tariff letters to countries warning them of reciprocal duties from August 1, 2025. Trump had earlier said that he would be issuing tariff letters for seven more countries today. Earlier this week, he had released letters for 14 countries, … Read more

ICICI Prudential AMC IPO: Fund house plans mega Rs 10,000 crore offering; files Draft Red Herring Prospectus

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A joint venture between ICICI Bank and Prudential Corporation Holdings Limited, the fund house has been operating since 1998. (AI image) Mumbai: ICICI Prudential Asset Management Company Ltd has filed its Draft Red Herring Prospectus with markets regulator SEBI for a Rs 10,000 crore IPO. The shares on offer constitute 10% of the total equity … Read more