Author: Abizar Attari
News Editor

Seoul: South Korea’s retail investors, once considered Tesla Inc’s most loyal fans, have been redeploying their investments from Tesla to cryptocurrencies, according to a report by Bloomberg. Korean traders were known to be behind Tesla’s stock rallies, where they owned about 1.6% of the company. In August this year, these investors pulled out almost $657 million shares in the company, investing them in cryptocurrency exchanges like BitMine Immersion Technologies instead. Bitmine holds almost $2.9 billion worth of Ethereum(ETH) tokens, making it the world’s largest holder of ETH. About $253 million of the Tesla stock has been redirected to BitMine, which…

New Delhi: After the Production Linked Incentive (PLI) scheme helped India become the world’s second-largest smartphone exporter, the Ministry of Electronics and Information Technology (MeitY) aims to replicate the same with the 4-day Semicon India conference at Yashobhoomi, New Delhi. Inaugurated by PM Modi, the conference will be attended by representatives from leading semiconductor manufacturers, including Micron, Sandisk, SK Hynix, TSMC and Nvidia.  Hon’ble Prime Minister Shri @narendramodi inaugurates #SemiconIndia2025 in the presence of Delhi CM Smt. Rekha Gupta, Union Minister for Electronics & Information Technology, Shri Ashwini Vaishnaw and Minister of Commerce and Industry, Shri Jitin Prasada. pic.twitter.com/3c98IBBWoP —…

Mumbai: GetWork, India’s leading AI-powered instant hiring platform, has announced record-breaking growth led by surging adoption of its AI solutions, establishing itself as the country’s fastest-scaling HRTech company. AI contributed 46% of total revenues in FY25, a share that has already climbed to 57% in FY26, signalling the growing demand for AI-driven hiring across sectors. Building on this momentum, GetWork achieved 2.25x year-on-year growth in FY25—surpassing FY24’s 2.1x trajectory—and has carried this into FY26, with the first quarter registering the highest growth in its history. This performance firmly establishes GetWork as the country’s fastest-scaling HRTech company. Rahul Veerwal, Founder &…

From being considered a gamified novelty just a decade ago to being treated as an investment vehicle rivalling blue-chip technology stocks, cryptocurrencies have come a long way. Early movers who sensed an opportunity much earlier than anyone else did have reaped rich returns on their investments. Invented to bypass conventional middlemen in the financial economy, cryptocurrencies have emerged as an alternative to blue-chip shares and commodities investments. Though many associate cryptocurrencies with Bitcoin, there are other such tokens which have offered great returns on investments as well. Here, we look at 10 such cryptocurrencies that have attracted equal, if not…

Mumbai: The Tata Group’s financial services arm, Tata Capital, is all set to launch its IPO by the end of September. Currently, the Tata Group’s holding company Tata Sons holds a 88.6% stake in the company, while the World Bank-supported International Finance Corporation (IFC) holds 1.8% in the company. According to the updated draft red herring prospectus (DHRP), Tata Sons is expected to sell 23 crore shares in the company while the IFC will divest 3.58 crore shares through the Offer For Sale (OFS) component in the issue. Besides this, 21 crore fresh equity shares will also be issued in…

Mumbai: Reliance’s highly anticipated AGM on Friday, August 29 offered deep insights into the ambitions of India’s richest and most influential businessman- Mr. Mukesh Ambani. Known for his penchant for sensing opportunities and implementing disruptive solutions, Mr Ambani made several announcements that reiterated his ambitions to expand Reliance’s (and the Jio brand’s) reach deeper into India’s economy. These were the standout announcements: Succession Plans At the AGM, Mr Ambani explained how his three children are actively involved in the everyday operations of the company.  “Under the mentorship of senior leaders and independent directors, they are becoming the kind of leaders…

New Delhi: Groww, the Bengaluru-based fintech discount broker, has secured the crucial SEBI approval to raise up to $1 billion (Rs.8,300 crore) through an IPO. The company has grown by leaps and bounds since its inception in 2016, eventually becoming India’s top broker by adopting an enhanced version of market pioneer Zerodha’s no-frills discount broking strategy. In May 2025, the company was in the news for spending $150 million to acquire digital wealth management company Fisdom. According to reports back then, the company was in the process of filing for its IPO, even as it raised $202 million from Singapore-based…

Mumbai: Snehaa Organics, a provider of solvent and sustainable solutions, has announced the launch of its Initial Public Offering (IPO) that opens for subscription on August 29. The company is looking to raise Rs.32.68 crore through a fresh issue of 27 lakh equity shares. The price band for the same is Rs.115-122 per share.  The company aims to use the proceeds to meet the company’s working capital needs, repay/prepay loans and general corporate purposes.  Currently, the company has an installed capacity of 60KL kettles and 27 KL reactors for its solvent and purification solutions. The company aims to improve its…

India imports 85% of the oil it needs. Before 2023, most of it came from the Middle East. Despite regular geopolitical challenges, Gulf countries like Iraq, Saudi Arabia, UAE and Qatar continued to supply India with the fuel that runs our economy. Russia’s invasion of Ukraine changed all of that. The subsequent tariffs designed to punish Russia changed that, or rather, complicated the global oil supply chain. Russia has been flooding the market with discounted oil to skirt the sanctions, and India has been the prime beneficiary of this opportunity. From just under 3% to over 50%, India has been…

Bangalore: Unilab Inc., the Philippines’ leading pharmaceutical manufacturer, has appointed TCS to modernize its IT systems. This transformation would help the company boost its operational efficiency, agility and decision-making in real-time through a scalable, intelligent platform based on SAP’s RISE platform underpinned by AWS’s cloud infrastructure. TCS will help Unilab transition from its legacy enterprise resource planning (ERP) system to a modern, cloud-based one that can help the company track insights, operations and and boost data-driven decisions across business functions. TCS will offer an end-to-end solution here- including implementation, strategy and design, data migration, testing and training. “We are honored…