Business News
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IBC changes bar legacy claims after NCLT approves revival plans
The Insolvency and Bankruptcy Code (IBC) Amendment Act of 2026 provides a fresh start for companies by voiding old debt claims, enhancing the efficiency of debt resolution.
TCS AI revenue jumps to over $2.3 billion this quarter
Tata Consultancy Services (TCS) reveals that the shift from experimental to operational use of artificial intelligence (AI) is driving new deals and increasing technology spending.
World Bank projects India average growth of 7.1% for 2027-29
The World Bank predicts an average growth rate of 7.1% for India in FY28-FY29, despite the ongoing global energy crisis.
Ola Electric stock rebounds 70% in April on rising registrations
Ola Electric shares have surged 70% in April, rebounding after six consecutive months of losses, sparking speculation about whether the worst is over for the new-age stock.
Zerodha co-founder Nithin Kamath: GDP fails welfare in AI era
Zerodha co-founder, Nithin Kamath, reignites the debate on GDP's effectiveness as a measure of economic progress amid rapid technological disruption.
Bitcoin jumps past $71,000 to $72,819 amid easing economic worries
Bitcoin briefly hit a high of $72,819 before settling at $71,916 due to easing macroeconomic tensions and strong retail interest.
Charlotte Tilbury opens 1st India flagship at Nexus Select Citywalk
Charlotte Tilbury has launched its first flagship boutique in India, located in New Delhi and fully operated by beauty retailer Nykaa.
Indian rupee up 2.5% since late March after RBI curbs
The Indian rupee has emerged as Asia's top-performing currency following the Reserve Bank of India's crackdown on speculation.
Sensex up over 850 points to 77,501, Nifty crosses 24,000
The Indian stock market saw significant gains on Friday, with Sensex and Nifty both rising over 1%. This surge enriched investors by approximately ₹5 lakh crore.
TCS shares slip 3.2% despite 12% Q4 net profit ₹13,784cr
Despite reporting a 12% YoY increase in Q4 net profit and robust deal wins, Tata Consultancy Services (TCS) saw its shares fall by 3.2%.
Perplexity launches 'Billion Dollar Build' contest with $1 million seed funding
AI startup Perplexity has launched a competition, offering $1 million to anyone who can build a billion-dollar company using its AI agent, Perplexity Computer.
Indian rupee up 10 paise to 92.41 against US dollar
The Indian Rupee rose 10 paise to 92.41 against the US dollar, despite facing potential risks from escalating global tensions.
Andy Jassy calls AI adoption faster than electricity and internet
Amazon's CEO, Andy Jassy, refutes claims of an artificial intelligence (AI) bubble, asserting the technology's rapid adoption and promising long-term returns.
Michael Dell warns AI data centers need 625x more memory
Dell's CEO, Michael Dell, warns that by 2028, the demand for AI memory could skyrocket by 625 times, potentially causing a significant surge in prices.
ADB forecasts India growth 6.9% in 2026, 7.3% in 2027
India's economic growth is predicted to drop to 6.9% in 2026, then rebound to 7.3% in 2027, as per the Asian Development Bank (ADB).
Cease-fire hopes lift Indian markets, Sensex up 534, ₹449L/cr
Indian stock markets witnessed a significant surge today, driven by optimism over an Iran-US ceasefire and other positive cues, adding Rs 4 lakh crore to market capitalization.
Rupee opens at 92.57 as RBI enforces $100 million cap
The rupee opened 10 paise higher at 92.57 against the dollar on April 10, amid looming RBI deadline for banks to unwind their arbitrage positions.
ADB cuts Asia growth to 5.1%, blames Middle East conflict
The Asian Development Bank predicts Asia's economic growth to slow to 5.1% this year and next due to the ongoing Middle East war.
RBI seeks feedback on authorized push payment scam safeguards
The Reserve Bank of India (RBI) has released a discussion paper proposing safeguards against rising digital payment frauds, inviting public feedback by May 8.
Microsoft's Satya Nadella starts 'Copilot code red' amid Anthropic competition
Nearly two years after Google's AI 'Code Red', Microsoft CEO Satya Nadella launches an emergency overhaul, aiming to enhance Copilot's performance and user experience.
Stanford study ranks Reliance Retail 7th with $100B valuation
Reliance Retail has been ranked seventh among the world's most valuable privately held, venture capital-backed companies, surpassing a $100 billion valuation.
TCS posts stable margins, big deals as brokers split
Brokerages maintain a positive outlook on Tata Consultancy Services' stock after Q4 results, citing stable margins, strong deal wins, and increasing AI contributions.
Indian markets poised higher as GIFT Nifty hints 60-point gain
GIFT Nifty trends suggest a promising start for India's broader index, with a 0.25 percent gain. Concurrently, Asian markets are also trading higher.
Berkshire Hathaway sells ¥272.3bn bonds after Warren Buffett stepped down
Berkshire Hathaway Inc. has sold ¥272.3 billion ($1.7 billion) of yen-denominated bonds, its first such transaction since Warren Buffett's departure as CEO.
Apple closing Towson store by June 2026, 1st US unionized
Apple Inc. has announced the permanent closure of its first unionized retail store in Towson, Maryland, due to declining mall conditions.
SpaceX reports nearly $5 billion 2025 loss despite $18.5B revenue
SpaceX reported a nearly $5 billion loss in 2025 despite strong revenue growth, largely due to investments in AI venture xAI and expansion plans ahead of its IPO.
Asian markets inch higher as tech meets US Iran talks
Asian stocks experienced a modest gain and oil prices rose as investors cautiously anticipate the upcoming US-Iran talks.
Oil rises Friday after attacks on Saudi energy sites
Oil prices experienced a significant increase after attacks on Saudi energy infrastructure and ongoing concerns over the Strait of Hormuz closure.
Indian government selects TCS, 5 firms for public services AI
The Indian government has chosen Tata Consultancy Services (TCS) and five other firms to develop and implement AI solutions across various departments.
India's IRDAI forms subcommittee to tackle claims pricing and fraud
The Insurance Regulatory and Development Authority of India (Irdai) has formed a sub-committee to address concerns and improve the health insurance sector.
Mint poll forecasts India retail inflation 3.4% by March 2026
India's retail inflation is expected to have increased marginally to 3.4% in March 2026, marking a 12-month high, according to a Mint poll of economists.
Iran war prompts Intercontinental Exchange to raise oil futures margins
The onset of the war in Iran has led to a significant increase in the cost of trading Brent crude and European diesel futures contracts.
upGrad integrates with Unacademy, Venkatesh Tarakkad and Srikanth Iyengar exit
upGrad, an online education platform, is experiencing high-level departures as it integrates Unacademy and prepares for a potential IPO next year.
Tata Consultancy Services posts FY2026 revenue dip amid AI focus
Despite a 2.4% decrease in constant-currency revenue, TCS remains hopeful due to strong AI-led momentum and a robust deal pipeline.
Oil gains 1% as Benjamin Netanyahu shares Lebanon peace plans
Oil prices increased by 1% amid volatile trading, as Israel announced plans for peace talks with Lebanon, despite ongoing Middle East tensions.
IMF to lower global growth outlook citing Middle East conflict
The International Monetary Fund (IMF) plans to cut global growth forecasts due to the Middle East war and provide up to $50 billion in financial assistance to affected countries.
RBI mulls scrapping IFR as government bond yields exceed 7%
The Reserve Bank of India's (RBI) proposed discontinuation of the Investment Fluctuation Reserve (IFR) could potentially increase banks' capital positions by up to 20 basis points.
RBI mandates same-day credit to accounts for forex-hour international remittances
The Reserve Bank of India (RBI) has mandated banks to credit foreign payments to accounts on the same business day, aiming to expedite remittances.
Anthony Armstrong exits as xAI CFO after stabilizing X finances
Anthony Armstrong, the Chief Financial Officer of xAI, has reportedly left the company, marking another high-level exit.
Iran ceasefire gives cautious relief to India pharma supply chains
The recent ceasefire in the Iran conflict may take months to rejuvenate India's pharmaceutical sector, with supply chains and drug prices slow to recover.
Lush launches in India on Myntra with Bilberry Brands
British cosmetics brand, Lush Cosmetics, has entered the Indian e-commerce market through a strategic partnership with Myntra.
'Sociopath, pathological liar', Musk agrees with claims about OpenAI CEO
Elon Musk has shared an interview with Robin Farrow, a journalist who wrote a controversial piece on Sam Altman, the CEO of OpenAI.
Sensex plunges 900 points, ends 5-day winning streak
The Indian stock market witnessed a major downturn today, with the BSE Sensex plummeting by over 900 points and the Nifty 50 index falling below the crucial level of 23,800.
World Bank upgrades India's FY27 growth outlook to 6.6%
The World Bank has revised India's growth forecast for the fiscal year 2026-27 to 6.6%, up from the earlier estimate of 6.3% made in October last year.
TCS Q4 profit jumps 29% to ₹13,718cr; revenue beats estimates
Tata Consultancy Services (TCS) has posted a stellar performance for the fourth quarter of FY26.
Planning to take loan for home renovation? Keep reading
In India, home renovation loans are a practical solution for homeowners looking to upgrade or repair their properties.
Foreign funds saw ₹10L crore drop amid Iran-US war
Foreign Portfolio Investors (FPIs) in Indian stocks suffered a massive loss of nearly ₹10 lakh crore in March 2025, owing to the escalating tensions between Iran and the US.
How much Meta pays its AI talent
Meta, the parent company of WhatsApp, is shelling out huge pay packages to attract top talent in artificial intelligence (AI).
Corporate fixed deposits: What they are actually
Corporate fixed deposits (FDs) are a popular investment option for those seeking stable returns.
Zerodha brings FDs to Coin app: How to invest
Zerodha, a Bengaluru-based discount broker, has expanded its investment platform by adding fixed deposits (FDs) to the Coin app.
GoPro to lay off 23% of its workforce
GoPro, the American action camera giant, is planning to lay off 145 employees globally. The move accounts for a major reduction of about 23% of its workforce.
US-Iran war to drag India Inc's profit by 20%
India's corporate earnings for the quarter ending March 2026 are likely to take a hit due to the war between US-Israel and Iran.
OpenAI to set aside some IPO shares for retail investors
OpenAI, the company behind ChatGPT, plans to reserve a portion of its upcoming initial public offering (IPO) shares for retail investors.
Russia slashes LNG prices by 40% for Asian buyers
In a bid to capitalize on the global natural gas supply crisis, Russia is trying to sell liquefied natural gas (LNG) from its US-sanctioned facilities to energy-starved South Asia.
Ola Electric shares surge 20%, defying weak market trend
Ola Electric Mobility's share price has witnessed a massive surge, rising over 16% in intraday trade to ₹35.27 today.
Meesho shares surge 14% while Sensex, Nifty trade in red
Shares of e-commerce giant Meesho have witnessed a massive surge of nearly 14% today, continuing their upward trend from earlier sessions.
Canva ramps up its AI push with fresh acquisitions
Canva has announced the acquisition of Simtheory and Ortto. The financial details of the deals have not been disclosed.
Disney to lay off 1,000 employees in latest cost-cutting move
Walt Disney is reportedly planning to lay off nearly 1,000 employees in the coming weeks. Many of these job cuts will come from the company's marketing department.
Court denies Anthropic's bid to block Pentagon blacklist
Anthropic's attempt to temporarily halt the Department of Defense's (DoD) blacklisting has been denied by a federal appeals court in Washington, D.C.
Sensex falls nearly 750 points: What's behind today's decline?
The Indian equity markets opened on a weak note on Thursday, with the Sensex and Nifty both witnessing profit booking after a sharp rally in the previous session.
Oil prices near $100 as Iran-US ceasefire remains uncertain
Oil prices rebounded on Thursday, after a steep 15% drop in the previous session.
Anthropic's tender offer falls short as employees hold shares
Anthropic, the artificial intelligence (AI) company behind Claude, has completed a secondary share sale that began earlier this year.
Gold, silver prices plummet over 3% today: Here's why
Gold and silver rates have witnessed a sharp decline today, falling by over 3%. The drop comes after two consecutive sessions of gains.
If you're a woman entrepreneur, keep reading
Accessing credit can be a daunting task for women entrepreneurs in India, often due to a lack of collateral and financial history.
Indian covered warrants: All about this unique investment option
Indian covered warrants are a unique investment option, providing an opportunity to trade in the underlying asset without owning it.
World Bank revises India's growth forecast to 6.6% for FY27
The World Bank has revised India's growth forecast for the fiscal year 2027, raising it from an earlier estimate of 6.3% to a more optimistic 6.6%.
Japanese bank buys 20% stake in Shriram Finance for ₹39,618cr
Japan's investment giant MUFG Bank has acquired a 20% stake in Shriram Finance Ltd (SFL) for ₹39,618 crore.
Meet Amlan Mohanty, Anthropic's new policy chief for India
Anthropic, a leading artificial intelligence (AI) company, has appointed Amlan Mohanty to lead its policy efforts in India.
Amul becomes 1st Indian FMCG company with ₹1L crore turnover
Gujarat-based dairy giant Amul has achieved a major milestone by becoming the first Indian fast-moving consumer goods (FMCG) company to cross ₹1 lakh crore in turnover.
Stocks to buy in India following RBI's repo rate decision
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.25%.
NSE might file its IPO papers with SEBI by July
The National Stock Exchange (NSE) has kicked off the process for its initial public offering (IPO).
Uber shifts to Amazon's custom chips for smoother rides
Uber has announced a major expansion of its contract with Amazon Web Services (AWS), the cloud computing arm of tech giant Amazon.
5 investment opportunities that yield higher returns than FDs
While fixed deposits (FDs) are a popular choice for risk-averse investors, there are other fixed-income investments that can offer better returns.
India's trade deficit swells on gold import surge, weak exports
India's trade balance took a hit in early 2026, with imports surging while exports remained largely stagnant.
How this firm convinced employees to voluntarily return to office
Superhuman, an artificial intelligence (AI) productivity tool company, has seen a dramatic surge in office attendance after ditching mandatory return-to-office policies.
Indian airport charges for domestic flights cut by 25%
India's airport tariff regulator has ordered a 25% reduction in landing and parking fees for domestic flights, for three months.
Adani Group announces infrastructure projects worth ₹33,081cr in Odisha
The Adani Group has announced a massive investment of ₹33,081 crore in three major infrastructure projects in Odisha.
Why global jet fuel crisis could last for months
The global jet fuel market is unlikely to stabilize in the near future, even after a tentative reopening of the Strait of Hormuz.
Pakistan's stock index records biggest single-day gain: What's the reason?
Pakistan's benchmark stock index, the KSE-100, witnessed its biggest single-day rally in history today.
India to receive first Iranian oil shipment in 7 years
India is gearing up to receive its first shipment of Iranian oil in seven years.
Amazon denies report of 14,000 more layoffs
Amazon has denied reports suggesting another round of mass layoffs after cutting around 16,000 jobs in January.