NewsBytes

Alisa Bowen, the current president of Disney+, is stepping down from her position to become the CEO of Fubo, the internet TV streaming service that is majority-owned by Disney.

Kusumgar's 650 crore initial public offering (IPO) is witnessing a strong response from investors on its third and final day of bidding.

The New York Times and the Daily News have accused OpenAI of concealing evidence in a high-profile copyright case.

India's benchmark indices, Sensex and Nifty, witnessed a major surge on Friday.

Fidji Simo, the No. 2 executive at OpenAI, is stepping down from her full-time role and transition to a part-time advisory position instead.

The Reserve Bank of India (RBI) is facing a major challenge in unwinding its massive short dollar position without destabilizing the currency market.

Microsoft has announced a major layoff, with plans to cut around 4,800 jobs or about 2.1% of its global workforce.

Google has challenged an Indian court ruling that found it infringed trademark rights by allowing competitors to bid on a company's trademarked name as a keyword for advertising.

A recent Reddit post has sparked a heated debate over the impact of artificial intelligence (AI) on software engineering jobs.

Foreign Institutional Investors (FIIs) have been on a selling spree in the Indian stock market, pulling out over $60 billion since September 2024.

Groww, India's largest stockbroker by active users, has started offering regular mutual funds on its Groww Prime platform.

India is set to retain its title as the world's fastest-growing major economy, with a projected growth rate of 7% in 2026, according to the International Monetary Fund (IMF).

Volkswagen, Europe's largest carmaker, is facing backlash from its employees over a proposal to cut up to 100,000 jobs and close several factories.

Tata Consultancy Services (TCS), India's top IT services provider, has reported its fiscal first-quarter earnings.

Ahead of Prime Minister Narendra Modi's visit, New Zealand Prime Minister Christopher Luxon has announced that 57% of his country's exports to India will be tariff-free.

SK Hynix, a leading South Korean memory chipmaker, has witnessed an overwhelming response to its proposed $28 billion share sale in the US.

Tata Sons has formed an interim management committee to oversee Air India until a new CEO is appointed.

The Asian Development Bank (ADB) has revised India's growth forecast for the fiscal year 2026-27 (FY27) to 6.6%, down from its earlier estimate of 6.9% in April.

Danish pharmaceutical company Novo Nordisk has launched Awiqli, the world's first once-weekly basal insulin for adults with Type 1 and Type 2 diabetes.

A US District Judge has approved the Securities and Exchange Commission (SEC)'s settlement with Elon Musk over his delayed disclosure of Twitter share purchases.

India is now home to nearly half of the world's Global Capability Centers (GCCs), Chief Economic Adviser (CEA) V Anantha Nageswaran said on Thursday.

The Indian stock market witnessed a recovery on Thursday, with the Sensex and Nifty gaining over 0.8% each.

Sonos, the popular audio company, has laid off several senior executives from its design and product teams amid larger restructuring effort within the company.

SBI Funds Management Ltd., a subsidiary of State Bank of India (SBI), has announced a price band of 545 to 574 per share for its 11,693 crore initial public offering (IPO).

Akshay Kumar's latest comedy-drama, Welcome to the Jungle, witnessed a 21.7% drop in its collection on the second Wednesday.

Oil prices surged on Thursday, following fresh US military strikes on Iran. The action has raised concerns over possible supply disruptions in the Middle East.

The International Monetary Fund (IMF) has revised India's economic growth forecast for the fiscal year 2026-27 to 6.4%.

Foreign Portfolio Investors (FPIs) have made a record net investment of 41,773 crore in Indian government bonds under the Reserve Bank of India's (RBI) Fully Accessible Route (FAR) in June.

The National Payments Corporation of India (NPCI) has announced that biometric-based Unified Payments Interface (UPI) transactions have crossed 600 million in June.

Jeff Bezos's space venture, Blue Origin, is reportedly looking to raise $10 billion in its first-ever external funding round.

Allianz, a leading global insurance and asset management company, has announced plans to cut up to 1,800 jobs in its travel insurance division.

Google has announced the selection of 20 artificial intelligence (AI) start-ups for its India Accelerator program. The move marks the 10th year of the initiative in India.

Tata Group has announced its ambitious plan to grow its automotive business into a $100 billion entity by FY31.

Apple has announced a major investment of over $30 billion as part of a chip supply deal with Broadcom.

Australian dock workers are demanding a 28-hour work week without any reduction in pay.

Ola Electric has rejected the insolvency petitions filed against its manufacturing arm, Ola Electric Technologies Pvt. Ltd.

The Employees' Provident Fund Organisation (EPFO) will credit an interest rate of 8.25% on PF deposits for FY2025-26, Union Labour and Employment Minister Mansukh Mandaviya announced today.

SambaNova Systems, a leading artificial intelligence (AI) chip company, has raised $1 billion in its Series F funding round.

The United Nations' World Intellectual Property Organization (WIPO) has reported that the artificial intelligence (AI) boom has pushed investments in intangible assets to a record high.

In a historic development, India's mutual fund industry has overtaken foreign institutional investors (FIIs) in total assets under custody.

The fourth installment of the popular Bollywood franchise Welcome has been confirmed by director Ahmed Khan.

The Indian equity markets witnessed a major crash on Wednesday, with the Sensex plummeting by over 1,600 points.

Blue Tokai Coffee Roasters, a leading specialty coffee brand and a major competitor of Starbucks in India, has announced an ambitious expansion plan.

Rajkumar Hirani's streaming debut, Pritam and Pedro, has taken the internet by storm.

Kusumgar Limited's initial public offering (IPO) has been fully subscribed within two hours of its opening today.

In a major move, Flipkart has scrapped commissions on all fashion products, irrespective of their price.

Hollywood actor-comedian Adam Sandler (59) was quick to accept the role of officiant at Taylor Swift and Travis Kelce's wedding, reported PEOPLE.

The International Monetary Fund (IMF) has appointed Silvana Tenreyro as its new chief economist. She will replace Pierre-Olivier Gourinchas, who is returning to academia.

Tavia Hunt, wife of Kansas City Chiefs owner Clark Hunt, has dismissed rumors about Taylor Swift and Travis Kelce's wedding.

The Indian stock market witnessed a sharp decline on Wednesday, with benchmark indices Sensex and Nifty falling by over 0.7%.