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Kissht's OnEMI Technology Solutions IPO oversubscribed 9 times May 5
Kissht's IPO saw over 9X subscription, driven by robust QIB interest with a 24.9X oversubscription, while retail investors showed relatively muted participation at 1.83X.
Coinbase cuts about 700 jobs to focus on AI
Coinbase plans to reduce its global workforce by 14%, cutting around 700 jobs, as part of a restructuring strategy aimed at cost reduction and adapting to the AI era.
RBI considers allowing government banks to sell foreign currency bonds
The Reserve Bank of India is considering a proposal for state-owned lenders to issue foreign-currency bonds to attract capital inflows and stabilize the weakening rupee.
Cognizant may affect up to 15,000 employees under Project Leap
Cognizant may lay off 12,000-15,000 employees worldwide under Project Leap, with most cuts expected in India as the company shifts to a leaner workforce model.
Standard Chartered cuts India's FY2027 GDP growth forecast to 6.4%
Standard Chartered Bank has revised India's FY27 GDP growth projection to 6.4%, citing elevated crude oil prices and potential adverse monsoon impacts.
Indian government struggles to meet FY27 direct tax target ₹26.97L/cr
Slower nominal GDP growth and weaker corporate profitability are making it difficult for the government to achieve its ambitious FY27 direct tax collection goal.
India plans CCIL electronic platform to make bond forwards transparent
India is reportedly developing an electronic platform for bond forwards to enhance price transparency and liquidity in a market currently dominated by bilateral negotiations.
Marico posts 22% sales rise to ₹3,333cr, nearly 14% profit
Marico's consolidated net sales surged to Rs 3,333.00 crore in March 2026, marking a robust 22.09% increase compared to Rs 2,730.00 crore in March 2025.
Everyday brands tweak prices and packs amid Middle East turmoil
FMCG companies are scaling back trade discounts and resizing value packs to counter rising input costs, driven by Middle East turmoil impacting raw materials and packaging.
SBI branches may remain closed May 23-26 amid AISBISF strike
State Bank of India (SBI) may face a four-day service disruption later this month as employees’ unions plan a nationwide strike on May 25 and 26.
IBM CEO Arvind Krishna urges rethinking business to embed AI
IBM CEO Arvind Krishna emphasizes that maximizing AI returns requires rethinking operating models, focusing on end-to-end process redesign over mere technology adoption.
Raymond Q4 profit drops to ₹11.93 cr after 1-time expense
Raymond Ltd reported a 53% decline in Q4 consolidated net profit at ₹11.93 crore, impacted by an exceptional item outgo of ₹20.03 crore.
How Amazon's latest move triggered a global logistics stock selloff
Amazon announced a new suite of logistics services, sending shockwaves through the industry.
Retail and HNI holdings hit 5-year low 9.11% on NSE
Individual and HNI investors' share in NSE-listed companies dropped to 9.11% by March-end, as retail investors increasingly prefer mutual funds over direct equity investments.
Google parent Alphabet wants to raise $3.5B via bond sale
Alphabet Inc, the parent company of Google, has returned to the euro market with a mega bond deal.
PNB's Q4 results: Net profit rise 14% YoY to ₹5,225cr
Punjab National Bank (PNB) has reported a strong 14% year-on-year increase in its net profit for the fourth quarter of FY26.
This data center operator is planning $900M IPO in India
Yotta Data Services, a leading player in India's data center market, is planning an initial public offering (IPO) in Mumbai.
GIFT City draws Gautam Adani firm, Bharti Airtel, Genpact treasuries
Adani, ArcelorMittal, and other global firms are establishing treasury operations in India's GIFT City, leveraging its tax-neutral benefits to rival hubs like Singapore and Dubai.
Alphabet launches €3 billion European bond sale amid AI race
Alphabet Inc. is issuing €3 billion in euro-denominated bonds to fund its $190 billion capital expenditure plans, focusing on AI-driven data centers and general corporate purposes.
Sensex tanks nearly 750 points: What's behind today's decline?
The Indian stock market witnessed a major slump on Tuesday, with the Sensex plummeting by almost 750 points.
Ex-JPMorgan banker faked father's death to get bereavement leave
Chirayu Rana, the former JPMorgan Chase banker, who accused a female colleague of forcing him to become her "sex slave," faked his father's death to take nearly three months of paid leave, The New York Post reported.
Quess Corp posts ₹3,892cr Q4 revenue and ₹64cr profit
Bengaluru-based Quess Corp reported a Q4FY26 net profit of ₹64 crore, up 3% quarter-on-quarter, with revenue increasing 6% year-on-year to ₹3,892 crore.
Toyota Kirloskar Motor to invest ₹18,103cr in 3 Maharashtra plants
Toyota plans to invest USD 1.9 Billion in Maharashtra, aiming to triple production capacity and establish India as its fourth major global car manufacturing hub by 2030.
Union Cabinet to meet Tuesday on major ECLGS expansion
The Union Cabinet is expected to consider a revamped Emergency Credit Line Guarantee Scheme today, with a proposed credit guarantee cover of ₹2.25–2.5 lakh crore.
Coal India Limited targets 815 million tons output by FY27
Coal India aims for 815 million tonne output in FY27, supported by a ₹1 lakh crore capex plan focused on gasification, renewables, and critical minerals to drive long-term growth.
LTM Limited and Uniphore partner to build small language models
LTM Limited and Uniphore announced a strategic collaboration to develop tailored AI solutions for banking, manufacturing, and media sectors.
OpenAI sales head departs amid intensifying AI competition
James Dyett, the sales leader at OpenAI, has announced his departure from the company. He joined OpenAI in 2023 during a period of rapid growth after the launch of ChatGPT.
Canadian musician sues Google over false sex offender claims
Canadian fiddler Ashley MacIsaac has filed a $1.5 million lawsuit against Google, accusing the tech giant of defamation.
Meet Claire Mazumdar, Kiran Mazumdar-Shaw's successor at Biocon
Kiran Mazumdar-Shaw, the Founder and Chairperson of Biocon, is considering a succession plan for the company.
Will Damodar Valley Corporation finally make stock market debut?
The Bharatiya Janata Party's (BJP) victory in the West Bengal assembly elections has revived hopes of an initial public offering (IPO) for Damodar Valley Corporation (DVC).
Rupee 95.40 per US$, V Anantha Nageswaran blames global factors
India's Chief Economic Adviser highlights global capital flow distortions, not domestic economic fragility, as the key driver behind the rupee's sustained depreciation.
Mumbai-based Netweb targets 30%-35% FY2027 revenue growth on AI
Mumbai-based Netweb Technologies projects 30–35% revenue growth in FY27, fueled by a robust ₹2,100 crore order book and soaring demand for AI-led computing solutions.
On Tuesday Sensex rebounds 250 points as Nifty holds 23,950
Sensex rose 250 points from the day's low, while Nifty traded above the 23,950 level on May 5, driven by FII buying, technical support levels, and weekly F&O expiry dynamics.
M&M posts ₹4,667.57 cr Q4 FY26 net profit, 42% rise
Mahindra and Mahindra reported a ₹4,667.57 crore profit in Q4 FY26, up 42% YoY, and declared a ₹33 per share final dividend.
Musk v/s OpenAI trial heats up as Greg Brockman testifies
The legal battle between Elon Musk and OpenAI continued on Monday.
Elon Musk tried to settle OpenAI case before court battle
Elon Musk reached out to OpenAI's president Greg Brockman just two days before his multibillion-dollar lawsuit against them was set to go to trial.
Indian markets wipe out election gains, Sensex down 748 points
The Sensex dropped over 700 points as rising crude oil prices, a record-low rupee, and foreign investor outflows weighed on market sentiment, erasing election-driven optimism.
Musk settles SEC case over Twitter stake for $1.5M
Elon Musk has settled a civil lawsuit with the US Securities and Exchange Commission (SEC) over his delayed disclosure of initial purchases in Twitter, now known as X.
Indian rupee hits lowest ever 95.40 vs US dollar
Crude oil prices surged amid Strait of Hormuz tensions, pushing the Indian rupee to a record low. Dream Sports diversifies into stockbroking with the launch of DreamStreet.
Why Unacademy is being sold at 90% discount
Edtech giant UpGrad is set to acquire rival platform Unacademy in an all-stock deal. The acquisition comes after months of negotiations and is expected to be finalized soon.
India's cash in circulation hits record ₹42.3L/cr, nearly 12% higher
India's currency in circulation soared 12% year-on-year in early April, reaching a record 42.3 trillion rupees, marking the highest spike since post-demonetisation.
Chevron CEO Mike Wirth says world could face oil shortage
Chevron CEO Mike Wirth predicts global oil shortages due to the Strait of Hormuz closure, impacting economies worldwide and triggering fuel price surges and industry disruptions.
Yotta Data Services seeks up to $900 million in Mumbai IPO
Yotta Data Services is preparing a $900 million Mumbai IPO, engaging ICICI Securities and SBI Capital Markets as advisors, with plans for a potential $300 million pre-IPO round.
Delhivery board approves over 1L ESOP 2012 options at Re.1
Delhivery has granted 1,00,360 stock options under its ESOP 2012, effective May 1, aiming to retain talent through equity participation. The options will vest over four years.
Samsung board chairman Shin Je-yoon urges settlement before 18-day strike
Samsung Electronics' chairman Shin Je-yoon urged unionized workers to resolve pay disputes, warning strikes could harm investors, employees, and South Korea's economy.
Amazon launches supply chain services, pushing Delhivery shares down 4%
Delhivery shares fell 4% on May 5 after Amazon launched its Supply Chain Services, sparking a global sell-off in logistics stocks, including significant declines for FedEx and UPS.
Bhavish Aggarwal's Krutrim hits 300cr after AI services pivot
Krutrim, founded by Bhavish Aggarwal, shifted focus to AI cloud infrastructure, achieving Rs 300 crore revenue in FY26—nearly triple last year’s earnings.
Kiran Mazumdar-Shaw names niece Claire Mazumdar Biocon successor amid restructuring
Kiran Mazumdar-Shaw has named her niece Claire Mazumdar as successor to lead Biocon, emphasizing advanced biotechnology and AI-driven growth for the company’s future.
US refunds Trump-era tariffs starting May 12 after Supreme Court
The US Customs and Border Protection (CBP) announced electronic refunds for Trump's illegal tariffs will start May 12, following a Supreme Court ruling on overstepped authority.
U.S.-Iran tensions push oil, India 10-year yield 7.04% rupee slips
India's 10-year bond yields climbed three basis points to 7.04% on May 5, as escalating US-Iran tensions spiked Brent crude prices and pressured domestic markets.
Anthropic announces $1.5B JV bringing Claude models to midsize businesses
Anthropic and OpenAI have unveiled new AI service ventures, aiming to challenge Indian IT giants like TCS and Infosys by offering tailored enterprise AI solutions globally.
China blocks Meta's $2 billion purchase of Manus AI startup
China has urged startups to reject American funding without approval, following Meta's $2 billion acquisition of Manus, a Chinese-origin AI company.
Wockhardt shares rise nearly 10% after ₹164cr Q4 profit
Wockhardt shares jumped 10% after the company reported a consolidated net profit of Rs 164 crore in Q4 FY26, reversing a Rs 45 crore loss from the previous year.
Indian Sensex falls over 250 points amid US Iran tensions
Sensex fell over 250 points and Nifty slipped below 24,100 as escalating US-Iran tensions and a record-low rupee dampened investor sentiment on Tuesday.
Oil prices slip after Project Freedom transit amid Gulf tensions
Crude oil futures fell on Tuesday morning as two US-flagged vessels transited the Strait of Hormuz, raising concerns over escalating tensions in the Persian Gulf region.
Gold rises as crude oil prices stoke inflation fears
Gold prices in global markets witnessed an increase on May 5, while silver saw a minor dip. The movement is being attributed to high crude oil prices and geopolitical tensions.
Gold edges higher as oil rises and inflation worries persist
Gold futures on MCX rose 0.1% to Rs 1,49,490 per 10 grams, while silver dipped 0.12% to Rs 2,43,600 per kilogram amid elevated crude prices and a firm dollar.
MCX gold edges up to ₹1,49,526 per 10g, silver slips
Gold prices on MCX edged higher due to value buying after previous losses, but gains were restrained by a strong dollar and persistent inflation concerns.
Bagmane Prime Office REIT opens IPO to raise ₹2,390 cr
Bagmane REIT launches its IPO today at a price band of ₹95-₹100, aiming to raise ₹2,390 crore through fresh units and ₹1,015 crore via Blackstone's offer-for-sale.
Gold prices mostly flat as U.S.-Iran Gulf tensions escalate
Gold prices remained stable on Tuesday as investors assessed the economic impact of escalating US-Iran tensions, while silver saw gains driven by robust domestic demand.
Cognizant cuts 2026 shareholder payouts to fund AI and acquisitions
Cognizant has reduced shareholder returns for the third time in five years, redirecting capital toward acquisitions and AI capability building to drive future growth.
Venu Srinivasan and Vijay Singh to leave TEDT board
Venu Srinivasan and Vijay Singh will step down as trustees of Tata Education and Development Trust after Mehli Mistry opposed their reappointments, ending their tenures.
OpenAI and Anthropic announce rival services helping businesses use AI
Within minutes of OpenAI securing over $4 billion in funding, Anthropic announced a partnership with Blackstone, Hellman & Friedman, and Goldman Sachs.
Sensex up as 68 companies report Q4 FY26 results today
Around 68 companies, including Larsen & Toubro, Mahindra & Mahindra, and Hero Motocorp, are set to announce their Q4 FY26 financial results on Tuesday, May 5.
Intel hires Alex Katouzian to overhaul PC and physical AI
Intel has named Alex Katouzian, a veteran from Qualcomm's mobile chip unit, to head its PC and physical AI division, aiming to reshape its computing strategy.
Palantir raises 2026 revenue forecast to about $7.65 billion
Palantir Technologies raised its 2026 revenue outlook to $7.65-$7.66 billion, driven by strong U.S. government and commercial demand for its AI-powered data analytics software.
On Tuesday gold was $4,546.80 as silver fell to $73.30
Gold prices rose slightly on May 5 amid firm crude oil prices and inflation concerns, while silver declined marginally as geopolitical tensions influenced market sentiment.
India's Sun Pharma buys Organon for $12B boosting specialty portfolio
Sun Pharma’s $12 billion acquisition of Organon marks its boldest global move yet, propelling India’s largest drugmaker deeper into specialty medicines and biosimilars.
Indian shoppers turn to homegrown labels for personal, unique designs
Indian consumers are increasingly favoring home-grown fashion brands, driven by a desire for authenticity, cultural relevance, sustainability, and better value over global labels.
Brent crude nears $114 amid U.S.-Iran tensions, shipping threats
Oil prices surged as fighting intensified in West Asia, with Brent trading near $114 a barrel and the Strait of Hormuz facing disruptions from escalating hostilities.
SpiceJet fleet falls to 21 planes, nearing Indian international minimum
SpiceJet's operational fleet has dropped to 21 aircraft, nearing the regulatory minimum for international flights, amid financial struggles and maintenance delays.
Citibank appoints Raj Rathi to head India M&A June 2026
Citibank has named Raj Rathi as its head of mergers and acquisitions in India, effective June 2026, leveraging his expertise from Dream Sports to drive strategic transactions.
Fervo Energy to go public seeking $1.3B, $6.5B valuation
Fervo Energy aims to raise up to $1.3 billion in its Nasdaq debut, targeting a valuation of $6.5 billion with shares priced between $21 and $24.
Brockman reveals nearly $30 billion OpenAI stake amid Musk lawsuit
Greg Brockman disclosed his $30 billion stake in OpenAI and financial connections to CEO Sam Altman during a court case involving Elon Musk's allegations against the company.
Why India's fertilizer subsidy bill jumped to ₹2.17L/cr in FY26
India's fertilizer subsidy hit ₹2.17 trillion in FY26 due to the West Asia war, with FY27 projections indicating a 20% rise amid escalating global input costs.
Dream Sports launches DreamStreet AI brokerage for shares and ETFs
Dream Sports, parent of Dream11, has launched DreamStreet, an AI-enabled broking platform aimed at simplifying investing for first-time investors and market newcomers.
Reliance-linked executive Bharat Mathur granted bail in DGCA bribery case
A Delhi court granted bail to Bharat Mathur, a Reliance Industries-linked executive, citing his cooperation with the investigation and lack of prior criminal record.
Amazon launches ASCS platform, FedEx and UPS stocks drop 10%
Amazon's launch of Supply Chain Services disrupts the logistics industry, sending shares of FedEx and UPS plummeting by 10% amid fears of intensified competition.
Elon Musk trust to pay $1.5 million in SEC settlement
Elon Musk agreed to pay a $1.5 million civil penalty to resolve the SEC's lawsuit over his delayed disclosure of Twitter stock purchases in 2022.
Elon Musk sues Sam Altman over OpenAI's nonprofit mission shift
Greg Brockman, OpenAI's president, faced intense questioning about unfulfilled donations and financial gains after AI expert Stuart Russell testified on risks of advanced AI.
Reliance charitable trust appeals I-T cancelation over alleged commercial activities
Reliance charitable trust leads the fight against tax authorities' decision to cancel registrations, citing commercial activities as grounds for rejection.
IndiGo names Jochen Hoesch head of AI data and analytics
IndiGo has appointed Jochen Hoesch, ex-AI head at Airbus, to lead its AI and data operations, signaling a strategic push to enhance efficiency amid rising operational costs.
Jon Gray says AI drives thousands of US blue-collar jobs
Blackstone President Jon Gray forecasts a significant rise in blue-collar employment as AI infrastructure investments, like data centers, expand across the U.S.
India to host 4th India-Africa Forum Summit after decade-long gap
India will host the fourth India-Africa Forum Summit (IAFS-IV) in New Delhi from May 28 to 31.
Setback for Vedanta! NCLT upholds Adani's ₹15,000cr plan for Jaypee
The National Company Law Appellate Tribunal (NCLAT) has upheld the approval of Adani Enterprises's over ₹15,000 crore resolution plan for Jaiprakash Associates Ltd under the insolvency process.
India's LPG consumption nosedives 16% amid US-Iran war
India's LPG consumption has seen a major decline of 16% in April.
Global crude oil supply gap of 5mbpd may hit demand
A recent report by PL Capital has flagged a global crude oil supply deficit of nearly 4.8 million barrels per day (mbpd).
SEBI to launch C-KYC 2.0 for unified know-your-customer system
The Securities and Exchange Board of India (SEBI) is gearing up to launch C-KYC 2.0 by July this year.
BJP's West Bengal win could add 50bps to India's GDP
Market analysts have predicted that a BJP victory in West Bengal could add around 50 basis points to India's GDP.
Musk v/s OpenAI enters second week with key testimonies ahead
Greg Brockman, the co-founder and president of OpenAI, is set to testify in a lawsuit filed by Elon Musk.
Anthropic nearing $1.5B joint venture with Wall Street firms
Anthropic, a leading artificial intelligence (AI) company, is on the verge of finalizing a major joint venture with Blackstone and Goldman Sachs, according to The Wall Street Journal.
US becomes India's top LPG supplier amid Hormuz crisis
The United States has emerged as India's top supplier of liquefied petroleum gas (LPG) in April, according to data from analytics firm Kpler.
MediaTek ropes-in former TSMC executive as advisor for AI chips
Taiwanese chip designer MediaTek has appointed Douglas Yu, a former executive at Taiwan Semiconductor Manufacturing Company (TSMC), as a part-time advisor.
SEBI to issue advisory on AI risks in financial markets
The Securities and Exchange Board of India (SEBI) is set to release an advisory on the risks associated with artificial intelligence (AI) in India's financial markets.
₹145cr deposit must be paid: Delhi High Court to SpiceJet
The Delhi High Court has rejected a review plea by budget airline SpiceJet, asking it to deposit ₹144.5 crore in its long-running arbitration dispute with Kalanithi Maran and KAL Airways Pvt Ltd.
Air India board meeting on May 7: What's the agenda?
Air India's board of directors will convene on May 7 in Mumbai.
PPF or FD: Which is ideal for short-term investment?
Public Provident Fund (PPF) and Fixed Deposits (FDs) are two popular investment options for the Indian middle class.
BHEL shares surge 10% as Q4 profit skyrockets 155%
Shares of Bharat Heavy Electricals Limited (BHEL) surged by as much as 10% on Monday, following the company's strong operational performance in its fourth quarter results.
SBI-led consortium mulls ₹25,000cr loan for Vi
A consortium led by the State Bank of India (SBI) is considering a debt funding of ₹25,000 crore for telecom giant Vodafone Idea (Vi).
Ather Energy posts ₹1,175cr revenue in Q4, losses down 57%
Ather Energy has posted a revenue of over ₹1,100 crore in the fourth quarter of FY26.
Samsung appoints new TV business head amid rising market competition
Samsung Electronics has appointed Lee Won-jin as the new head of its Visual Display Business.
India's manufacturing sector rebounds but cost pressures hit 44-month high
India's private sector manufacturing activity witnessed a recovery in April, after hitting a four-year low in March.
India resumes wheat exports after 4-year pause
India has resumed wheat exports for the first time in four years, thanks to a bumper harvest and rising global prices.
Samsung family pays $8B in inheritance tax
The family behind South Korean conglomerate Samsung has paid 12 trillion won ($8 billion) inheritance tax bill.
'Let's Buy Spirit': TikTokers pledge millions to revive defunct airline
Spirit Airlines has shut down after the $500 million bailout plan was rejected by institutional equity holders.
India's richest see fortunes surge, Adani tops gains
India's top billionaires have witnessed a major recovery in their wealth, according to data analyzed by Moneycontrol.
Vodafone Idea shares jump 10% after ₹23,650cr AGR relief
Vodafone Idea's stock price surged by nearly 10% in early trade on Monday, following a major relief on its adjusted gross revenue (AGR) dues.
Meme stock GameStop bids $56B for eBay to rival Amazon
GameStop, the popular video game retailer that turned into a 2021 meme stock sensation, has made an unsolicited $55.5 billion bid to acquire eBay.
Crude dips as Trump plans to free ships in Hormuz
Oil prices have witnessed a dip following US President Donald Trump's announcement of an initiative to free ships stranded in the Strait of Hormuz.
How John Ternus's leadership could reshape Apple's financial strategy
Apple is gearing up for a major leadership transition, with John Ternus, the company's current hardware chief, set to take over as CEO on September 1, 2026.
Sensex jumps 900 points: What's behind today's rally?
The Indian stock market witnessed a major surge on Monday, with the Sensex and Nifty indices rising by nearly 1% each.
Gold, silver prices fall amid geopolitical tensions in West Asia
Gold futures slipped 0.15% lower to ₹1,51,119 per 10gm on MCX today. The decline comes as investors closely monitor the ongoing geopolitical tensions in West Asia.
Bitcoin crosses $80,000 mark for first time since January
Bitcoin has crossed the $80,000 mark for the first time in over three months.
Nestle products in India might soon become more expensive
Nestle India, the company behind popular brands like KitKat and Maggi, has hinted at possible price hikes.