Business
EAAA India Alternatives Closes ₹1,200-Crore IPO With Softened Grey Market Premium
The Edelweiss-backed alternative asset manager saw mixed demand across investor segments as the offering drew to a close.
Business
Latest Business news and the most important developing stories.
Business
Jio Platforms Hits $137B Market Cap in Debut, Facing Global Monetization Test
Shares of the Indian telecom giant surged nearly 27% on their first trading day, bringing its valuation close to established Western telecom leaders.
Business
Social Security Beneficiaries to Receive 3.6% COLA Increase in 2027
The adjustment marks the largest annual boost for retired workers since 2023 following energy price surges.
Business
India Approves 3 Percent Dearness Allowance Increase for Federal Workers
The biannual adjustment raises the allowance to 63 percent of basic pay, benefiting over 11 million personnel.
Business
India Dismisses Viral Reports Claiming Reissue of 1,000-Rupee Banknote
Officials confirmed that the Reserve Bank of India has not announced any new high-value note featuring the Thanjavur temple.
Business
US Mortgage Rates Dip Toward 7% as Buyers Eye Federal Reserve Decision
Home loan borrowing costs softened slightly ahead of the central bank's rate announcement, though persistently high rates continue to strain housing affordability.
Business
Jio Platforms Surges Over 21% in Market Debut as Valuation Tops 12.5 Lakh Crore
The record-setting listing propelled parent company Reliance past Tata Group as India's most valuable corporate conglomerate.
Business
American Airlines and Citi Raise Annual Fees to $150 on Two Rewards Cards
The price hike on the personal and business cards is paired with new statement credits and everyday perks.
Business
Robinhood Shares Drop 4% as Cryptocurrency Slump Weighs on Third-Quarter Profits
Weaker-than-expected quarterly earnings highlight the brokerage firm's ongoing exposure to volatile retail trading.
Business
Tata Motors Secures Majority Control of Iveco in Multibillion-Euro Deal
The Indian conglomerate surpassed the required acceptance threshold to advance its European commercial vehicle expansion.
Business
Italy Drafts 2027 Budget With Targeted Tax Cuts for Youth and Freelancers
The 23.5 billion euro plan prioritizes younger workers while shelving income tax cuts for the middle class.
Business
Ceconomy Reports 27% Profit Surge as JD.com Takeover Awaits EU Review
The Dusseldorf-based parent of MediaMarkt posted €515 million in operating earnings as Chinese retailer JD.com moves to acquire the company.