Business
- Business
Nvidia Considers Investing In Perplexity At $30 Billion Valuation
Nvidia is negotiating an investment in Perplexity at a valuation exceeding $30 billion. The AI startup's annualized revenue recently tripled to over $750 million. This growth is driven by automated agent services utilizing Nvidia hardware before a planned 2028 IPO.
NRI Herald • Aug 25
- Business
TCS Acquires Porsche's MHP IT Unit in $1.46 Billion AI Deal
Tata Consultancy Services will acquire Porsche’s IT unit, MHP, for $373 million. The acquisition anchors a five-year, $1.46 billion partnership to deploy artificial intelligence and software-defined mobility across Porsche’s global automotive engineering and manufacturing operations.
NRI Herald • Aug 24
- Business
Duos Technologies Names Dipan Patel Chief Operating Officer
Duos Technologies has appointed industry veteran Dipan Patel as Chief Operating Officer to accelerate the nationwide expansion of its modular edge AI data center operations. Patel brings over two decades of extensive telecom experience.
NRI Herald • Aug 21
- Business
Zum Expands US Footprint to 5,000 Schools with AI and Electric Buses
Founded by Ritu Narayan, tech-driven student transportation platform Zum achieved a billion-dollar valuation. The unicorn provides real-time tracking and optimized routing for thousands of schools across major U.S. districts while transitioning to electric fleets.
NRI Herald • Aug 18
- Business
India’s July Exports Surge 19.6% to Record $44.24 Billion
India's July merchandise exports surged 19.6% to a record $44.24 billion, driven by petroleum and electronics. However, a 17.5% import spike to $76.22 billion widened the trade deficit to a six-month high of $31.98 billion
NRI Herald • Aug 15
- Business
Vishal Garg, CEO Who Fired 900 Over Zoom, Ousted by Better.com Board
Better Home & Finance's board unanimously removed CEO Vishal Garg, known for firing 900 employees over Zoom, and replaced him with Daniel Lewis. Following severe financial decline, Garg is now legally challenging his termination.
NRI Herald • Aug 15
- Business
Web3 Event Unchained Summit Launches First India Edition in Mumbai
Unchained Summit India will officially make its debut in Mumbai on November 5 and 6, 2026, bringing together global and domestic leaders to explore the convergence of traditional finance, digital assets, and Web3 technology
NRI Herald • Aug 14
- Business
Apple Opens Houston Manufacturing Plant for AI Servers and Mac Minis
Apple CEO Tim Cook and U.S. Commerce Secretary Howard Lutnick officially opened a 250,000-square-foot advanced manufacturing facility in Houston, Texas, to build AI servers and Mac Minis while providing free training for the local workers.
NRI Herald • Aug 14
- Business
Jio Credit Secures $1.9B Investment From Bank of America
Bank of America signed a definitive agreement in August 2026 to invest roughly $1.9 billion (₹18,268 crore) to acquire up to a 49.9% stake in Jio Credit Limited, the non-bank lending subsidiary of Jio Financial Services Limited.
NRI Herald • Aug 13
- Business
Home Depot CEO Ted Decker Takes Medical Leave; Interim Leadership Named
Home Depot CEO Ted Decker is taking a temporary medical leave of absence. Senior executives Ann-Marie Campbell and Richard McPhail will jointly assume corporate leadership duties to manage operations and financial reporting during his absence.
NRI Herald • Aug 13
- Business
Epicor Names Vaibhav Vohra as CEO to Succeed Steve Murphy
Texas enterprise software major Epicor named President Vaibhav Vohra as CEO, effective October 1, 2026. He succeeds Steve Murphy, who joins the board. Vohra will now drive the company's next phase of AI cloud growth.
NRI Herald • Aug 13
- Business
Google Co-Founder Sergey Brin Donates $100M+ to Fight Billionaire Tax
Google co-founder Sergey Brin spent over $102 million opposing California's Proposition 40 wealth tax to shield his personal fortune from a potential $13.3 billion levy, later relocating to Nevada to avoid this proposed state penalty.Show Code
NRI Herald • Aug 11
- Business
YouTube Tightens 2027 Monetization Rules: Creator Guide
Starting February 2027, YouTube doubles ad monetization thresholds to 8,000 watch hours or 20 million Shorts views. Existing creators keep long-form monetization but need 10 million Shorts views every 90 days to earn from Shorts.
NRI Herald • Aug 11
- Business
X Launches Original Content Rewards Program to Replace Creator Revenue Share
X ended Creator Revenue Sharing, replacing it with the Original Content Rewards Program. Launching September 2026, it requires X Premium, 500 followers, and 500k verified impressions to reward strictly unique, original content.
NRI Herald • Aug 8
- Business
New Mexico Court Fines Meta $567M for Teen Safety Failures
New Mexico court ordered Meta to pay $567 million for youth mental health, enforcing strict safety rules including mandatory age verification, 90-hour monthly screen time limits, and late-night notification bans for minors.
NRI Herald • Aug 7
- Business
Indian American Rudy Sengupta Named Emerson CTO and AI Chief
Emerson Electric Co. named Rudy Sengupta as Senior Vice President, Chief Technology and AI Officer, effective August 15, 2026. He succeeds Peter Zornio, who is retiring at the end of the year. Sengupta previously led test and analytics software after joining through the National Instruments acquisition
NRI Herald • Aug 6
- Business
Frost & Sullivan Appoints Dr. Vinod Aggarwal Chief Economist
Frost & Sullivan officially announced the appointment of Dr. Vinod K. Aggarwal as its new Chief Economist on August 3, 2026. Dr. Aggarwal, who has a collaborative relationship with the growth advisory firm spanning more than 20 years
NRI Herald • Aug 6
- Business
Air India Names Tewolde Gebremariam CEO Succeeding Campbell Wilson
Air India named former Ethiopian Airlines chief Tewolde Gebremariam as its new Chief Executive Officer and Managing Director. He succeeds Campbell Wilson, who is stepping down on September 30, to lead the carrier through its next phase of financial recovery and global expansion
NRI Herald • Aug 5
- Business
Mohalla Tech Puts Rs 100 Crore Into AI Micro-Dramas by 2026
Mohalla Tech, the parent company of ShareChat and Moj, committed up to Rs 100 crore through calendar year 2026 to scale AI-generated micro-drama production. The investment targets a 70% reduction in overall production costs and aims to grow AI content from 10% to 40% of its mix
NRI Herald • Aug 4
- Business
Amazon Hits $3 Trillion Valuation, Joining Elite Club
Amazon surpassed a $3 trillion market valuation on Monday, August 3, 2026, becoming the fifth U.S. company to achieve the milestone. Driven by a post-earnings surge, the e-commerce and cloud giant joined an exclusive club alongside Nvidia, Microsoft, Apple, and Alphabet
NRI Herald • Aug 4
- Business
NY Sues Kalshi for $36B Over Illegal Gambling Claims
New York Attorney General Letitia James filed a $36 billion lawsuit against prediction market platform Kalshi, alleging that the company operates an unlicensed and illegal gambling business
NRI Herald • Aug 3
- Business
Amazon Hit With Class Action Over Seafood Eco-Labels
On July 31, 2026, Amazon.com Inc. was hit with a proposed consumer class-action lawsuit in a Seattle federal court, accusing the e-commerce giant of greenwashing seafood products by using deceptive environmental marketing labels
NRI Herald • Aug 1
- Business
Apple Stock Drops 10% Amid Supply Chain Woes
Apple stock dropped nearly 10% on Friday, July 31, 2026, wiping out roughly $500 billion in market value after issuing a disappointing financial forecast burdened by significant chip and memory shortages
NRI Herald • Jul 31
- Business
Connecticut Governor Signs India Trade Commission Bill
Connecticut Governor Ned Lamont signed Senate Bill 132, officially creating the Connecticut–India Trade Commission alongside a parallel commission for Germany. The bipartisan legislative act aims to significantly deepen economic, educational, and infrastructure bonds between Connecticut and India
NRI Herald • Jul 30
- Business
Indian American Economist Bhaven Sampat Named Bloomberg Professor at Johns Hopkins
Indian American economist Bhaven N. Sampat has officially joined Johns Hopkins University as the university's newest Bloomberg Distinguished Professor of Science and Innovation Policy
NRI Herald • Jul 29
- Business
JPMorgan AI Overhaul Led By Indian-Origin Executives
JPMorgan Chase is restructuring its artificial intelligence and data leadership, placing key strategic roles under executives of Indian origin. This shift follows the retirement of long-time AI chief Teresa Heitsenrether, transitioning the bank's focus from core infrastructure building to commercial deployment across business functions
NRI Herald • Jul 27
- Business
Disney Cuts Jobs at Pixar, ESPN, National Geographic
Walt Disney Company has officially initiated its third major round of layoffs, cutting several hundred corporate and creative jobs across its high-profile divisions including Pixar Animation Studios, National Geographic, and ESPN
NRI Herald • Jul 22
- Business
Coinbase Legal Chief Paul Grewal Resigns After 6-Year Tenure
Indian American attorney Paul Grewal is stepping down from his role as Chief Legal Officer at Coinbase Global Inc. after a historic six-year tenure. His resignation takes effect on July 31, 2026, marking the end of a pivotal era for the cryptocurrency industry.
NRI Herald • Jul 22
- Business
Amazon Florida Facility Closure To Impact 494 Workers
Amazon has filed a federal Worker Adjustment and Retraining Notification (WARN) notice confirming the closure of its PBI3 facility in Port St. Lucie, Florida, resulting in the elimination of 494 jobs
NRI Herald • Jul 21
- Business
Intel Hit by More Layoffs: Data Center Group Facing Cuts Despite Growth
Intel plans fresh layoffs in its Data Center Group despite recent growth, part of an ongoing restructuring cutting 40,000 jobs. The downsizing aims to optimize operational efficiency and streamline execution without altering its long-term AI and product roadmaps.
NRI Herald • Jul 21
- Business
AliExpress Hit With $629M EU Fine Over Counterfeit Goods
European Union fined Alibaba's e-commerce platform AliExpress $629 million for violating the Digital Services Act. Issued by the European Commission on July 20, 2026, the penalty marks the largest financial sanction imposed under the bloc's content moderation rulebook to date
NRI Herald • Jul 20
- Business
US Gas Prices Hit $4 Per Gallon Amid Iran Conflict
National average gas prices have surged back up to $4.00 per gallon as fighting between the U.S. and Iran escalates. Benchmark U.S. crude oil has climbed to roughly $84 per barrel, while international Brent crude has spiked past $90 per barrel.
NRI Herald • Jul 20
- Business
Apple Reclaims Title as World's Most Valuable Company Over Nvidia
Apple surpassed Nvidia to reclaim the world's most valuable company title, driven by robust iPhone sales, Services growth, and consumer AI monetization, shifting Wall Street's focus from hardware infrastructure to software.
NRI Herald • Jul 18
- Business
Joyalukkas Opens 8th US Jewelry Showroom in Iselin, New Jersey
The new store was officially inaugurated by John E. McCormac, the Mayor of Woodbridge Township. He was joined by John Paul Alukkas (CEO of Joyalukkas Jewellery) and Sonia Alukkas (Director of Joyalukkas Jewellery).
NRI Herald • Jul 18
- Business
Elon Musk Vows X Open Source After Grok Code Criticism
This announcement follows recent criticism over how the Grok Build AI tool handled user code. Developers found the AI was uploading significantly more data than necessary to process requests, raising serious privacy concerns about proprietary code and cloud credentials being collected
NRI Herald • Jul 15
- Business
Warren Buffett Halts Gates Foundation Donations After Two Decades
Warren Buffett has stopped donating to the Gates Foundation, ending a two-decade philanthropic partnership. The decision follows revelations about Bill Gates's interactions with the late sex offender Jeffrey Epstein. Buffett redirected nearly $6 billion in Berkshire Hathaway stock to four family-run charities and plans to donate all remaining shares by the end of 2034.
NRI Herald • Jul 15
- Business
Inside JPMorgan's Record-Breaking $21.2 Billion Quarter
JPMorgan Chase recorded the highest quarterly profit in U.S. banking history, hitting an eye-popping $21.2 billion in profit for the second quarter. This blowout performance was fueled by a 30% jump in investment banking fees and an 86% surge in equities trading revenue, driven by blockbuster IPOs like SpaceX and strong market volatility
NRI Herald • Jul 14
- Business
Paramount May Leave California Amid WB Merger Antitrust Lawsuit
Paramount and its advisers are considering relocating the corporate headquarters out of California as a coalition of 12 states has filed an antitrust lawsuit to block the company's proposed $110 billion acquisition of Warner Bros.
NRI Herald • Jul 13
- Business
SoftBank and PayPay in Talks to Invest $1.85 Billion in 7-Eleven Parent Seven & i Holdings
SoftBank and PayPay plan a ¥300 billion investment in Seven & i to counter rivals, deploying enterprise AI for retail automation and merging consumer databases with Japan's largest payments network.
NRI Herald • Jul 10
- Business
Meta Muse Image: New AI Generator Explained for Instagram, WhatsApp, Facebook
Meta Muse Image brings AI-powered image generation, editing, and creative tools to Instagram, WhatsApp, Facebook, Meta AI platforms worldwide.
NRI Herald • Jul 8
- Business
Apple Invests $30B With Broadcom For Colorado Chip Factory Expansion
Apple signed a multi-year deal exceeding $30 billion to purchase U.S.-made chips from Broadcom. As part of this agreement, Apple will invest $1.5 billion to expand and modernize Broadcom's manufacturing facility in Fort Collins, Colorado
NRI Herald • Jul 8
- Business
MyFlyYatra Adds 7 West Coast Cities to India Flight Network
MyFlyYatra has expanded its US-to-India network by adding seven West Coast hubs, including LAX and SFO, to provide competitive fares and flexible cabin options for travelers. More information is available on MyFlyYatra's website.
NRI Herald • Jul 8
- Business
Toyota Pours $3.6B Into New Texas Plant, Creating 2K Jobs
Toyota will invest $3.6 billion in a new Texas plant, shifting Tacoma truck production from Mexico and creating 2,000 jobs.
NRI Herald • Jul 7
- Business
$TRUMP Memecoin Wipes Out $3.8B From 1M Investors
Nearly one million $TRUMP memecoin investors lost $3.8 billion, while a small group of traders gained nearly $4 billion.
NRI Herald • Jul 7