Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Dr V Anantha Nageswaran says India not fudging GDP figures
India's Chief Economic Advisor emphasized that GDP revisions follow global standards, ensuring transparency and reliability without artificially inflating economic output figures.
India's CEA V Anantha Nageswaran warns of AI stock bubble
India's Chief Economic Advisor V Anantha Nageswaran warns that artificial intelligence stock valuations are in bubble territory, driven by exaggerated productivity narratives.
Wall Street turns to war-risk models as conflicts shake economies
As wars continue to disrupt the financial industry, Wall Street is turning to new catastrophe models for predicting military conflicts.
Bharat Innovates 2026: Modi meets top global investors in France
Prime Minister Narendra Modi met leading venture capitalists, global investors, and innovation ecosystem leaders in Nice, France, on Sunday.
Meet Pranjali Awasthi, the 15-year-old who founded ₹100cr AI start-up
Pranjali Awasthi, a young Indian entrepreneur, has taken the tech world by storm with her artificial intelligence (AI) start-up Delv. AI. The company is now valued at nearly ₹100 crore.
Jio Platforms jumps 320 spots into WIPO top 20 2025
Jio Platforms Ltd has surged 320 spots to secure the 20th position in WIPO's Patent Cooperation Treaty rankings, becoming the only Indian tech firm among global leaders.
Amazon to invest $35B in India by 2030
Amazon has announced its most aggressive expansion phase in India, with a planned investment of $35 billion by 2030.
LIC eyes stronger market leadership as it nears platinum jubilee
Life Insurance Corporation of India (LIC) is gearing up to strengthen its market leadership in the life insurance sector as it approaches its platinum jubilee.
Prime Minister Narendra Modi at Bharat Innovates 2026 in Nice
Prime Minister Narendra Modi met global investors and venture capitalists in Nice, France, ahead of inaugurating the Bharat Innovates 2026 conclave with President Macron.
Uday Kotak calls SpaceX's market listing 'true test of capitalism'
Billionaire banker Uday Kotak has weighed in on the historic stock market debut of SpaceX, calling it a "true test for capitalism."
FSSAI issues notices to 8 firms over misleading product claims
The Food Safety and Standards Authority of India (FSSAI) has issued notices to eight food companies over misleading brand names, trade names, and product claims.
More companies to start memory chip production in India: Vaishnaw
Union Minister Ashwini Vaishnaw has said that more companies are likely to invest in India for memory chip production.
mAadhaar to be replaced by new Aadhaar app: What's changing
The Unique Identification Authority of India (UIDAI) is replacing the mAadhaar app with a redesigned Aadhaar app.
Global air passenger demand growth to slow down in 2026
The International Air Transport Association (IATA) has predicted a slowdown in global air passenger demand growth for 2026.
Governance noise is overshadowing ₹1,600cr philanthropic mission: Tata Trusts CEO
Siddharth Sharma, the CEO of Tata Trusts, has defended the institution against recent media scrutiny over governance issues within the Tata group.
8th Pay Commission: Salary hike, fitment factor, what to expect
The 8th Pay Commission is set to revise salaries, pensions, and allowances for some 55 lakh central government employees and around 69 lakh pensioners.
SpaceX listing pushes Alwaleed bin Talal's net worth over $27B
Prince Alwaleed bin Talal's Kingdom Holding saw its valuation climb after SpaceX's debut share surge, propelling the billionaire's net worth to a decade-high of over $27 billion.
India eases Portfolio Investment Scheme rules as rupee strengthens
India has amended its Foreign Exchange Management Act, allowing persons resident outside India (PROIs) to invest more significantly in listed Indian stocks.
Telehealth companies act as gatekeepers for popular obesity medications
Telehealth companies, hired by employers, play a significant role in determining access to obesity drugs, often prioritizing cost management over patient needs.
China overtakes US in total R&D investment
China has officially overtaken the United States in total research and development (R&D) investment, marking a major shift in the global scientific landscape.
Amazon to invest $35B in India by 2030 atop $40B
Amazon is embarking on its most aggressive expansion in India, committing an additional $35 billion by 2030 to bolster quick commerce, digital infrastructure, and logistics.
Anthropic blocks foreign access to Fable 5 and Mythos 5
Sarvam AI CEO Pratyush Kumar views the US ban on Anthropic's advanced models for foreigners as a pivotal moment, emphasizing the need for sovereign AI development.
Silver down 50% from all-time high: Should you invest?
Silver prices have witnessed a dramatic fall, correcting nearly 50% from their all-time high of $121 per ounce and ₹4.28 lakh per kg in January.
Market cap of India's top 8 firms up ₹1.9L crore
The combined market capitalization of eight out of India's top 10 most valuable companies surged by ₹1.90 lakh crore last week.
FPIs withdraw ₹62,853cr from Indian equities in June
Foreign portfolio investors (FPIs) have continued their selling spree in the Indian equity market, pulling out over ₹62,853 crore in early June.
NSE to file draft papers for its IPO next week
The National Stock Exchange (NSE), India's largest stock exchange, is gearing up for its long-awaited initial public offering (IPO).
India set for memory chip surge amid $200B data-center investments
Union Minister Ashwini Vaishnaw anticipates new investments and expanded production in India's memory chip sector to address global supply-demand imbalances and rising demand.
Meta starts unwinding $2B Manus AI deal after Beijing order
Meta has started the process of unwinding its $2 billion acquisition of AI start-up Manus.
India opens access for nonresident individuals under portfolio investment route
The government has expanded the portfolio investment route, allowing all individuals residing outside India, beyond NRIs and OCIs, to invest in listed Indian companies.
Anil Aggarwal's Vedanta to list 4 companies on June 15
Vedanta Ltd's demerger creates four focused entities—Aluminium, Oil & Gas, Power, and Iron & Steel—set to list on June 15, offering investors targeted growth opportunities.
Tuhin Kanta Pandey announces SEBI AI rules for capital markets
SEBI is formulating a comprehensive framework to regulate AI in capital markets, aiming to balance innovation with risks like bias and cybersecurity.
Indian firms shift from AI readiness to affordable full-scale deployment
Indian enterprises are prioritizing AI's business value and cost over readiness, with 67% moving from pilots to execution, says SAP India President Manish Prasad.
Tata's iPhone factory allegedly contaminated groundwater in Tamil Nadu
Tata Electronics, a key player in Apple's supply chain, is facing allegations of groundwater contamination.
Modi government flags disappearance of 40L ton coal worth ₹1,600cr
Union Coal Minister G Kishan Reddy has flagged the disappearance of 40 lakh tons of coal worth around ₹1,600 crore.
India's top firms gain ₹1.90L/cr as Sensex and Nifty rally
The combined market valuation of eight top-10 firms rose by ₹1.90 lakh crore last week, with ICICI Bank leading gains amid a broader equity market rally.
CineNow Ltd launches ₹1,350cr 6-year fund to finance Indian films
CineNow Ltd is finalizing a ₹1,350 crore close-ended fund with global investor commitments to revolutionize Indian film financing through structured and technology-driven models.
Home loan insurance demand jumps 7-fold in India
Home loan insurance is witnessing a massive surge in India, with policy uptake increasing nearly seven times in the last five months.
Amazon ramps India automation with SLAM labeler, Tye Brady says
Amazon plans to enhance automation technologies at its Indian fulfilment centres, including advanced inventory management systems, as part of its long-term investment strategy.
KKR launches Helix digital infrastructure led by Adam Selipsky
KKR, backed by Nvidia, Vistra, and Kuwait Investment Authority, has unveiled Helix Digital Infrastructure with over $10 billion in capital to advance AI infrastructure development.
India remains world's 2nd-biggest importer of Russian fossil fuels
India has retained its position as the world's second-largest importer of Russian fossil fuels, according to a report by European think tank Centre for Research on Energy and Clean Air (CREA).
FPIs pull ₹63,000 cr from Indian equities in early June
Foreign Portfolio Investors withdrew over Rs 62,800 crore from Indian equities in early June, driven by geopolitical tensions, global growth concerns, and a weakening rupee.
Magicpin's Vera aims to connect 1 million businesses by 2026
Magicpin's AI assistant, Vera, onboarded 5 lakh merchants in three months and aims to double its base to over 10 lakh by 2026, driving operational insights and engagement.
Iran conflict shakes global economy as ECB raises interest rates
The Iran war has triggered a global inflation wave, driving energy costs higher and slowing economic growth, with central banks like the ECB raising interest rates in response.
Anthropic CEO Dario Amodei keeps only 1 direct report
At Anthropic, CEO Dario Amodei has just one direct report—his chief of staff, Avital Balwit—while day-to-day operations are managed by his sister and co-founder, Daniela Amodei.
NSE filing IPO papers with SEBI June 15 or 16
The National Stock Exchange is poised to file its draft papers with SEBI next week, marking a significant step toward its long-pending IPO after receiving regulatory clearance.
How TCS has responded to employee suicide case in Maharashtra
Tata Consultancy Services (TCS) has said it is "ascertaining the facts" after a 48-year-old employee was found dead at his residence in Bhosari, Maharashtra.
Pranjali Awasthi, about 20 (in her early 20s) as of June 2026, launched Delv. AI at 16 valued near 100cr
Pranjali Awasthi, an Indian-origin entrepreneur, founded Delv.AI at 16. Her AI startup, now valued at nearly Rs 100 crore, began with her coding journey at age 7.
NVIDIA to ship Vera CPUs to China amid H200 curbs
Nvidia has started promoting its Vera CPUs to Chinese clients, aiming to revive its market presence amid U.S. export controls and competition from Intel and AMD, sources revealed.
Satya Nadella: Xbox games generate more YouTube revenue, wants changes
Microsoft CEO Satya Nadella revealed that YouTube earns more from Xbox games than Microsoft, signaling a need for a strategic shift after 25 years of subsidizing the division.
Policybazaar: home loan insurance adoption nearly sevenfold in India
Home loan insurance adoption has skyrocketed sevenfold in five months, driven by rising borrower awareness and increasing home loan sizes with longer repayment tenures.
Indian staffing firms go global amid rising skilled professional demand
Indian staffing companies are leveraging global talent shortages to diversify revenues, focusing on high-demand sectors and international markets.
Meta ends $2B Manus acquisition after Beijing national security mandate
Meta has begun dismantling its $2 billion acquisition of Manus following Beijing's divestiture order, halting data sharing and cutting the AI startup off from internal systems.
IIM-Calcutta students can now pursue entrepreneurship without losing placements
The Indian Institute of Management (IIM) Calcutta has launched a unique initiative, allowing its MBA students to pursue their entrepreneurial dreams without losing out on campus placements.
Gold to hit $6,000 by end of 2026: JP Morgan
JP Morgan Global Research has predicted that gold prices could reach new record highs by the end of 2026.
World Bank thinks 2020s is 'lost decade' for developing economies
The World Bank has warned that the 2020s could be a "lost decade" for many developing economies.
India's top firms hold cash reserves of over $200B
India's leading corporations are sitting on a massive cash reserve of ₹18.7 lakh crore (over $200 billion) for fiscal 2026, a 12% increase from last year.
SpaceX IPO: Japanese investors sought over $6B worth of shares
Japanese investors expressed a strong interest in SpaceX's record-breaking initial public offering (IPO), seeking over ¥1 trillion ($6.2 billion) worth of shares.
How Musk's SpaceX created over 4,400 millionaires overnight
SpaceX's historic initial public offering (IPO) has made not just Elon Musk the world's first trillionaire but also created thousands of new millionaires almost overnight.
Palantir has faced a legal setback in Switzerland
Palantir, a leading US technology company, has lost a legal battle against a Swiss independent magazine.
India's FTAs can help reach $1T export target by 2030
India's recent free trade agreements (FTAs) have the potential to drive manufacturing growth, revive private capital expenditure (capex), and integrate supply chains, a report by Yes Securities has said.
SEBI to simplify KYC norms for foreign investors
The Securities and Exchange Board of India (SEBI) is planning to make Know Your Customer (KYC) norms simpler for foreign portfolio investors (FPIs).
Emirates to show FIFA World Cup matches on flights
Emirates Airlines has announced that it will show all the matches of the FIFA World Cup live on its flights.
Mark Zuckerberg admits missteps in Meta's AI workforce overhaul
Meta CEO Mark Zuckerberg has acknowledged errors in the company's artificial intelligence (AI) workforce transformation.
US DOJ approves Paramount's $111B acquisition of Warner Bros
The US Department of Justice (DOJ) has approved Paramount Skydance's $111 billion acquisition of Warner Bros. Discovery.
Microsoft considers spinning off Xbox gaming division
Microsoft is considering a major overhaul of its Xbox gaming division, including the possibility of spinning it off or restructuring it as a wholly owned subsidiary.
8th Pay Commission: Vehicle, festival, and natural disaster advances proposed
The Staff Side of the National Council (JCM) has proposed a set of new advances in salary for central government employees.
IPO-bound Razorpay set to file confidential draft papers next week
Razorpay, a leading fintech company based in Bengaluru, is reportedly gearing up for its Initial Public Offering (IPO).
SpaceX shares jump 19% on debut after record $75B IPO
Elon Musk's aerospace company, SpaceX, has made history with its record-breaking $75 billion initial public offering (IPO).
EU moves to tighten carbon emissions fee on imports
The European Union (EU) has decided to make it more difficult to suspend its carbon emissions fee on imports.
Beyond Elon Musk: Who else gained from the SpaceX IPO?
SpaceX's debut on the stock market has triggered a major wealth creation event in American business history.
Meta's AI team on the brink of a revolt
Meta's Applied AI team, a group of some 6,500 engineers and product managers, is reportedly on the brink of a revolt, according to WIRED.
Google will appeal a German court ruling on AI overviews
Google has announced its decision to appeal a German court ruling that held the tech giant legally responsible for false claims generated by its AI Overviews.
UN adopts historic convention to protect gig economy workers
The United Nations' International Labour Organization (ILO) has adopted a historic convention to protect gig economy workers.
Does Nestle's MAGGI noodles have an infestation issue?
Nestle India has refuted allegations of infestation in its popular MAGGI noodles.
SpaceX president hints at possible merger with Tesla
SpaceX President and COO Gwynne Shotwell has hinted at the possibility of a merger with Tesla.
Robinhood sees record traffic after SpaceX's historic market debut
Robinhood, the popular trading platform, has reported "record-breaking" traffic on its services on Friday, June 12, 2026.