The latest companies stories, updated through the day.
Diwali is celebrated with vibrant decorations, festive gatherings, and traditional rituals in India this year. Businesses are experiencing a significant increase in online sales leading up to the holidays. Families gather to enjoy rich cultural customs and unique gifting practices during this festiv…
OpenAI has secured $11 billion in the first tranche of a funding round valuing it at $1.25 trillion, with the total potentially reaching $20 billion. The fundraising comes amid a tech sell-off and growing investor concerns over AI spending and regulation.
Tesla will wind down Cybertruck production at its Texas factory by mid-2027 to make room for its Cybercab robotaxi. The pickup struggled to meet sales expectations despite Musk's ambitious projection.
Anthropic's IPO valuation expectations have fallen sharply after a Wall Street sell-off, with investors now discussing a range of $1.2 trillion to $1.3 trillion, down from earlier expectations of up to $2 trillion.
Mid-sized IT firms delivered mixed Q2 results amid macro headwinds, with Mphasis and Coforge posting strong growth while Sonata faced seasonal pressures.
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Walleye Capital plans to return about $2 billion to clients following its decision to cut back on equities trading.
Indian ethnic and occasionwear brand Frontier Raas inaugurated its new store in Ahmedabad on November 1, 2026, marking another step in its retail expansion. Actor Kangana Ranaut attended the inauguration as the chief guest, alongside prominent business personalities, leading families and members of…
Automakers and dealerships reported strong Dhanteras deliveries following robust Navratri sales, with Maruti Suzuki expecting over 30,000 deliveries and Tata Motors targeting 12,000 units. Hyundai anticipates nearly 14% growth in festive deliveries. Dealers reported healthy demand across vehicle seg…
The Ministry of Communications is preparing to propose a second edition of the telecom production-linked incentive scheme. This new scheme will emphasize design-led higher value addition in the telecom sector. The first edition of the telecom PLI scheme attracted significant investments and involved…
Volumes, however, are likely to remain roughly flat from a year earlier because prices are still well above last year's levels, said Rajesh Rokde, chairman of the All India Gem and Jewellery Domestic Council (GJC).
Maharashtra FDA has suspended the licences of 105 food outlets, including those linked to Blinkit and Zepto, and ordered seven establishments to shut following inspections ahead of Diwali. The two-day drive uncovered hygiene and food safety violations, leading to the seizure of 39,485 kg of food art…
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