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Karnataka Bank enables EPF contributions with EPFO via internet banking
Karnataka Bank has integrated with EPFO, allowing customers to make secure and efficient provident fund contributions digitally via its internet banking platform.
Zepto nears $1B quarterly NOV after SEBI IPO approval
Quick-commerce startup Zepto is set to surpass $1 billion in quarterly net order value, reflecting robust growth as it gears up for a potential IPO by July's second half.
Bank of America to add 2,000 interns and 2,000 employees
Bank of America is welcoming 2,000 summer interns, emphasizing long-term career growth despite increasing reliance on AI and technology-driven efficiency.
Aurobindo Pharma opens Theranym Biologics manufacturing arm in Borapatla, Telangana
Aurobindo Pharma has inaugurated TheraNym, a state-of-the-art biologics contract manufacturing facility in Telangana, marking its entry into the growing global biologics market.
Wipro annual report warns AI mistakes, cyber threats, legal risks
Wipro highlights flawed AI algorithms, deepfake threats, and geopolitical conflicts as critical risks impacting legal compliance, operational efficiency, and financial stability.
JSW Steel to invest nearly $20B amid booming India demand
JSW Steel plans to invest $20 billion over seven years, anticipating an 80% surge in domestic steel demand driven by India's infrastructure boom and manufacturing growth.
Coralogix raises $200 million in funding round, valued at $1.6B
Coralogix secured $200M in Series F funding, valuing the startup at $1.6B, as it bets on rising demand for tools to monitor autonomous AI-driven software systems.
Massachusetts-based Suno raises over $400 million, values company at $5.4B
Suno, an AI-powered music creation platform, raised over $400 million in a Series D round, nearly doubling its valuation to $5.4 billion amid rapid industry growth.
Aurobindo Pharma opens TheraNym biologics site near Hyderabad with MSD
Aurobindo Pharma has launched TheraNym, a state-of-the-art biologics contract manufacturing facility near Hyderabad, marking its entry into the rapidly growing biologics segment.
India removes 11% raw cotton import duty June to October
The textile industry lauds the government's decision to exempt 11% customs duty and cess on raw cotton imports, addressing supply shortages and reducing input costs.
Indiabulls raising ₹1,000cr from 51.55cr convertible warrants in private placement
Indiabulls Ltd has approved raising ₹1,000 crore through convertible warrants on a preferential allotment basis, with participation from promoter and non-promoter entities.
India insurance sector to grow 10.7% annually over next decade
India's insurance market is projected to grow 10.7% annually through 2036, driven by underinsurance, demographic shifts, and government reforms, according to Allianz Research.
Roxana Minzatu says U.S.-Iran conflict risks 1.3 million EU jobs
Up to 1.3 million European jobs are at risk across key industries due to soaring energy prices driven by the U.S.-Iran conflict, the European Commission warns.
Yes Bank projects India's FY27 growth at 6.6%, inflation 5-5.2%
India's GDP is projected to grow at 6.6% in FY27, with inflation averaging 5.0–5.2%, staying within the RBI's tolerance band, according to Yes Bank's research report.
TCS shares plunge over 9% in steepest fall since 2020
TCS shares plunged 9%, marking their steepest single-day fall since March 2020, as profit-booking and concerns over AI disruptions weighed on the IT sector.
S&P 500 jumps 16% in 2 months, usually after downturns
The S&P 500 soared 16% in April and May, marking one of only four such rallies since 1945, with analysts noting its unusual occurrence outside a recession.
Jensen Huang backs Meta's $125-$145 billion 2026 capital plan
Nvidia CEO Jensen Huang defends Meta's AI investments, highlighting their role in enhancing advertising efficiency and driving significant revenue growth amid valuation concerns.
Envoy Sergio Gor says US and India near interim deal
India and the US are nearing a trade agreement, with just one percent of issues remaining, according to US envoy Sergio Gor, who expressed optimism about finalizing it soon.
Man behind TikTok surpasses Mukesh Ambani as Asia's 2nd-richest person
Zhang Yiming, the co-founder of ByteDance, has surpassed Mukesh Ambani to become Asia's second-richest person.
Ashwani Bhatia named Niva Bupa chairman, Milind Barve stepped down
Niva Bupa Health Insurance has named Ashwani Bhatia as Chairman, effective June 3, 2026, succeeding Milind Barve, who stepped down due to health reasons.
Sensex falls 304 to 74,346 amid oil and U.S.-Iran uncertainty
Indian equities ended lower on June 3, with Nifty reclaiming 23,400 despite intraday volatility. IT stocks dragged indices, while auto and banking sectors aided partial recovery.
Zuari MD Athar Shahab says India can blend 40% ethanol
India has the potential to achieve 40% ethanol blending using its current capacity, says Zuari Industries, highlighting rapid progress in the country’s biofuel ecosystem.
SpaceX, Anthropic and OpenAI leaders face roadshow scrutiny before IPOs
The IPO process is fraught with risks, from regulatory missteps to image blunders. SpaceX, Anthropic, and OpenAI must tread carefully to avoid costly errors.
Modi government readies $4B stimulus to boost economy
The Union Cabinet has approved a ₹39,290 crore ($4 billion) package of projects and initiatives aimed at stabilizing aviation fuel prices, reforming urban transport, and developing national highway infrastructure.
Modi government approves ₹10,000cr fund to stabilize jet fuel prices
The Indian government has approved a ₹10,000 crore Aviation Turbine Fuel (ATF) Price Stabilization Fund.
Apple to submit its Indian financials to competition watchdog
Apple has agreed to submit the financials of its Indian operations to the Competition Commission of India (CCI).
This 'next trillion-dollar company' has significant ties to India
NVIDIA CEO Jensen Huang has dubbed Marvell Technology the "next trillion-dollar company," highlighting its pivotal role in powering AI data center infrastructure.
Could US-Iran war trigger a global recession?
The Organisation for Economic Co-operation and Development (OECD) has warned that a prolonged conflict in the Middle East could severely impact global economic growth.
NMDC raises iron ore prices for 3rd time in FY26
State-owned NMDC has increased iron ore prices by ₹200 per tonne for Baila Lump and ₹150 for Baila Fines, marking its third price revision this fiscal year.
CMR Green and Hexagon Nutrition IPOs launch as OFS
India's primary market sees two notable IPOs this week: CMR Green Technologies and Hexagon Nutrition, both structured as pure Offer for Sale issues benefiting selling shareholders.
Government unveils ₹39,290cr package with ₹10,000cr jet fuel fund
India's Union Cabinet has approved ₹39,290 crore ($4 billion) for aviation fuel stabilization, urban transport reforms, and national highway infrastructure upgrades.
Titan completes record 52.6m underwater photoshoot for Zero Hour watch
India is poised to become a global watchmaking hub, says Titan Watches CEO, as the country builds capabilities to rival Switzerland and the Far East.
Vanguard markdown cuts Ola valuation to about $70 million
US-based Vanguard has slashed Ola's valuation to $70.3 million, reflecting a 99% drop from its 2015 investment level when the company was valued at $5 billion.
Apple to submit India financials to CCI in antitrust probe
Apple has agreed to provide its India financials to the Competition Commission of India, advancing a long-pending investigation into alleged abuse of its dominant market position.
India mulls cutting 20% bond tax and easing ownership limits
India plans to reduce taxes on global funds investing in bonds and remove ownership limits, aiming to attract foreign capital and stabilize the rupee amidst economic challenges.
Vodafone Idea stock hits 52-week high, market value tops ₹1.62L/cr
Vodafone Idea shares soared 7% to Rs 15.09 amid a market crash, driven by rating upgrades, equity infusion plans, and reduced AGR dues boosting investor confidence.
JPMorgan Chase ramps AI hiring, Jamie Dimon predicts productivity gains
JP Morgan CEO Jamie Dimon emphasized hiring more AI specialists as technology adoption accelerates, predicting shifts in job roles and increased productivity.
Global AI and cloud investments speed development, pressure Indian IT
AI-led productivity gains and rising insourcing trends are pressuring Indian IT firms as global enterprises consolidate vendors and demand cost efficiencies, warns Kotak.
ACKO hires 4 leaders as it prepares for IPO
ACKO has bolstered its leadership with four senior appointments across key business verticals, aiming to enhance execution and customer outcomes as it prepares for its IPO.
Setu co-founder Nikhil Kumar steps away from daily operations
Nikhil Kumar, co-founder of Bengaluru-based fintech startup Setu, has exited his operational role nearly four years after its acquisition by Pine Labs in June 2022.
NVIDIA's Huang at Computex praises Marvell, shares surge over 30%
Nvidia CEO Jensen Huang and Marvell CEO Matt Murphy emphasized the critical role of advanced connectivity in enabling scalable, next-generation AI infrastructure at Computex 2026.
Propsoch raises $2 million seed led by Athera Venture Partners
Proptech startup Propsoch secured $2 million in a seed round led by Athera Venture Partners, aiming to expand operations and enhance its advisory capabilities.
India's wheat procurement tops 35 million tons at MSP
Wheat procurement for the 2026-27 rabi season soared to over 35 million tonnes, surpassing the 34.5 MT target and last year’s 30 MT, driven by robust production.
Airbus A350-1000ULR completes 1st Toulouse flight as world's longest-range jet
The Airbus A350-1000ULR, with a range of 9,700 nautical miles, completed its maiden flight on June 2, 2026, marking a breakthrough in ultra-long-haul aviation.
India's services sector grows at fastest pace in 6 months
India's services sector has witnessed its fastest growth in six months, largely due to a surge in domestic demand. The growth was particularly strong in e-commerce, entertainment, and IT industries.
Modi handing 'Melody' candies to Meloni spurred mistaken Parle stock
Parle Industries shares fell slightly after a 60% rally driven by mistaken identity with Parle Products, the maker of Melody candies gifted by PM Modi.
RBI and SEBI intensify scrutiny of Indian outward fund transfers
India's regulators, RBI and SEBI, have intensified oversight on overseas investments amid rising oil prices and foreign outflows, aiming to curb misuse of remittance routes.
Analysts cut India's gasoline growth forecasts as fuel demand slows
India's fuel demand growth is slowing due to recent price hikes and reduced industrial activity, with gasoline and diesel sales showing weaker trends amid inflationary pressures.
Right Horizons launches Category III AIF RH Rising India Opportunities
Right Horizons Portfolio Management has launched a ₹200 crore Category III AIF, focusing on small- and mid-cap stocks with a six-year tenure and multi-cap investment strategy.
Suzlon rolls out 'Suzlon 2.0' to expand renewables by FY2031
Suzlon Energy aims to transform into an integrated renewable energy solutions provider, targeting 10 GW annual sales and a 15 GW order book by FY31 under its "Suzlon 2.0" strategy.
Citi's Vis Raghavan says India must tell global AI story
India has the talent, cost advantages, and infrastructure potential to lead in AI, but Citi's Vis Raghavan stresses the need for better global communication to attract investment.
T-Hub announces 13 startups for 3rd ORBIT spacetech accelerator
T-Hub has unveiled the third cohort of its ORBIT SpaceTech accelerator, inducting 13 startups innovating in propulsion, satellite intelligence, and space energy systems.
SEBI proposes employer salary contributions to employee chosen mutual funds
SEBI has proposed allowing employers to contribute directly to employees' mutual fund investments through salary deductions, offering a disciplined approach to wealth creation.
Rapido secures $240 million led by Prosus to expand across India
WestBridge Capital and Prosus now collectively own 56% of Rapido following a $240 million funding round, which boosted the ride-hailing platform's valuation to $2.82 billion.
South Korea overtakes India as 6th-biggest stock market on semiconductors
South Korea's stock market soared past India to become the world's sixth largest, driven by skyrocketing demand for AI chips and unprecedented growth in Samsung and SK Hynix.
JioHotsar announces over 75 jobs to build internal AI team
JioHotstar is creating a dedicated AI division, hiring for over 75 roles in India to revolutionize storytelling, production, and audience interaction using artificial intelligence.
Sensex crashes over 1,150 points: What's behind today's fall?
India's equity benchmarks witnessed a sharp decline on Wednesday, with the BSE Sensex crashing over 1,150 points and the Nifty 50 index plummeting by more than 300 points in intraday trade.
Indus Appstore's co-founder Akash Dongre has quit
Akash Dongre, the Chief Product Officer and Co-founder of Indus Appstore, has announced his resignation from the PhonePe-owned mobile app marketplace.
DeepSeek plans to raise $7.4B in maiden funding round
Chinese artificial intelligence (AI) start-up DeepSeek is gearing up for its first major fundraising round, hoping to raise around CNY 50 billion ($7.4 billion).
Indian markets rebound after 1,150 point drop but close lower
The Sensex rebounded 500 points from intraday lows, trimming early losses to 0.9%, as value buying, easing volatility, and key support levels bolstered investor sentiment.
Larry Ellison becomes 3rd richest with $302 billion fortune
Oracle's stock surge has propelled founder Larry Ellison to the third spot on Bloomberg's billionaire list, surpassing Google's Sergey Brin and Amazon's Jeff Bezos.
OECD warns world economy hurt if Middle East conflict continues
The OECD warns that an extended Middle East war could significantly slow global growth and drive inflation higher, impacting energy-dependent nations the most.
Indian markets tumble, Sensex down over 1,150, Nifty under 23,300
Equity benchmarks plunged sharply on Wednesday, with Sensex tumbling 1,157 points and Nifty shedding 332 points, as IT stocks led a broad-based selloff amid global uncertainties.
Gold now world's top reserve asset, surpassing US Treasuries
Gold has surpassed US Treasuries to become the world's top reserve asset, a European Central Bank (ECB) report has revealed.
FDA warns Zydus Lifesciences over Baddi purified talc failing USP
Zydus Lifesciences Ltd. received a USFDA warning letter citing technical issues with purified talc at its Baddi facility, unrelated to an on-site inspection.
UAE becomes India's 2nd-biggest oil supplier in May 2026
The UAE became India’s second-largest crude supplier in May, delivering 540,000 bpd, as disruptions in the Strait of Hormuz reshaped energy trade routes.
RBI's MPC meeting begins today: What to expect
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting starts today.
BharatPe chief product officer Rohan Khara to depart August 2026
Rohan Khara, BharatPe's Group Chief Product Officer, has resigned and will remain with the company until August 2026 to ensure a smooth leadership transition, sources revealed.
US judge orders Elon Musk to produce Tesla SpaceX emails
A US judge has ordered Elon Musk to provide Tesla and SpaceX emails in a lawsuit filed by his companies, X and xAI, against OpenAI and Apple over anticompetitive practices.
Japan's Nikkei surges past 68,000 on AI and semiconductor rally
Japan's Nikkei surged past 68,000 for the first time, rising 2.2%, driven by strong gains in AI and semiconductor stocks despite concerns over escalating Middle East tensions.
Akash Dongre exits PhonePe owned Indus Appstore after 2022 acquisition
Akash Dongre, the last remaining co-founder of PhonePe-owned Indus Appstore, has stepped down nearly four years after its acquisition, marking a significant leadership transition.
India services PMI 59.8 in May led by home spending
India's services sector surged in May, with the PMI reaching 59.8, driven by robust domestic demand in e-commerce, entertainment, and IT, despite cautious business confidence.
Bank of Baroda warns India inflation likely 5% by FY2027
India's retail inflation is projected to rise to 5% in FY27, driven by surging food and energy prices, with El Nino posing additional risks to agricultural production.
Indian government denies RBI sold gold to protect forex reserves
The government dismissed claims of the RBI selling $12 billion in gold reserves, countering a Bloomberg analysis suggesting sales to protect forex assets.
RBI likely intervenes after rupee slips to 95.47 per dollar
The Indian central bank likely intervened in the forex market as the rupee fell 0.2% to 95.47 per dollar, pressured by rising crude oil prices amid U.S.-Iran tensions.
Morgan Stanley: Investors favor AI leaders over India next year
Ridham Desai highlights that India's relative earnings growth lags behind AI-driven markets, delaying foreign investor interest despite resilient domestic retail support.
US announces 12.5% tariff on Indian goods over forced labor
The USTR has proposed 12.5% tariffs on India, citing failure to enforce forced labor import prohibitions, while Pakistan, Canada, and others face lower 10% rates.
Copper closes Tuesday at $14,040.50 after US strikes, Iran attacks
Copper futures fell below $14,000 per tonne amid escalating US-Iran tensions and rising US reserves, reversing earlier gains that had pushed prices to a three-week high.
Indian AI startups secure $725 million in 113 deals, early-stage dominance
Indian AI startups raised $725 million in Jan-May 2026, a 10.4% drop from last year, as investors increasingly backed smaller, early-stage ventures over growth-stage companies.
Rajnandini Fashion India lists on BSE SME at ₹63
Rajnandini Fashion India shares debuted on the BSE SME at ₹63, matching the IPO price. The IPO saw massive oversubscription of 203.74 times, reflecting strong investor interest.
Bitcoin crashes over 7% to nearly $66,000
The world's leading cryptocurrency, Bitcoin, has witnessed a significant drop in its value.
SoftBank moves into 2nd bidding round to buy SP.LINKS
SoftBank Corp. has advanced to the second round of bidding for SP.LINKS Inc., Blackstone's Japanese payment services provider, valued at approximately ¥100 billion ($625 million).
Did RBI sell gold to protect India's forex reserves?
The Reserve Bank of India (RBI) may have sold a portion of its gold reserves to protect its foreign-currency assets from the impact of the ongoing US-Iran conflict in West Asia.
Chinese DeepSeek seeks ¥50bn in 1st-ever round, could reach $59B
Chinese AI startup DeepSeek is set to raise about 50 billion yuan ($7.4 billion) in its first funding round, with Tencent and CATL among the largest external investors.
MediaTek expands into AI IoT automotive, expects billions by 2027
MediaTek is diversifying beyond smartphones, targeting automotive, IoT, and AI infrastructure. The company anticipates its AI ASIC business to generate billions in revenue by 2027.
US proposes 12.5% tariffs on imports from India
The United States has proposed an additional tariff of 12.5% on imports from India and 53 other countries, in a move linked to forced labor practices in production.
Bliss GVS Pharma up over 170% after Rasayan acquisition approval
Bliss GVS Pharma shares have surged over 45% in the last 10 sessions, driven by WHO GMP compliance news and Anupam Rasayan's acquisition announcement boosting investor confidence.
US eyes 10% tariffs to curb forced labor, some 12.5%
The US plans tariffs of at least 10% on imports from major trading partners, citing forced-labor practices, with higher rates for economies like China and India.
US becomes India's top LPG supplier amid Gulf crisis
The US has become India’s top LPG supplier, accounting for 55% of imports in May 2026, as Gulf supply chains face disruptions. Russia remains the leading crude oil provider.
Bitcoin falls 6.27% to $66,466 as ETFs see investor outflows
Bitcoin's price has dropped 6.27% to $66,466, driven by institutional selling, ETF outflows, and a weakening macroeconomic environment impacting market sentiment.
Rupee opens lower at 95.45 as oil hits $97
The Indian rupee opened 19 paise lower at 95.45 against the US dollar, pressured by rising crude oil prices and losses in regional currencies amid escalating Gulf tensions.
Rupee at ₹95.45 vs dollar amid US and Iran tensions
The rupee opened 18 paise lower at Rs 95.45 per dollar as renewed US-Iran hostilities pushed Brent crude prices near $97 per barrel, dampening market sentiment.
SpaceX sets $135 per share target for record IPO
SpaceX, the rocket and satellite communications company, is gearing up for a historic initial public offering (IPO).
Zhang Yiming becomes Asia's 2nd-richest after ByteDance valuation surge
Zhang Yiming's net worth soared to $92.8 billion, driven by ByteDance's rising valuation and the success of TikTok and Doubao AI chatbot with over 300 million monthly users.
Jio BlackRock to offer Indians global ETFs via GIFT City
Jio BlackRock plans to offer Indian investors access to global BlackRock ETFs through its GIFT City platform, aiming to provide international exposure across diverse asset classes.
Wipro CEO Pallia earned ₹49.6cr in FY26, outstripping Premji's ₹7.3cr
Wipro CEO Srinivas Pallia earned Rs 49.6 crore in FY26, nearly seven times Executive Chairman Rishad Premji's Rs 7.3 crore, as revealed in the company's annual report.
SEBI confidential IPO route used by 39 firms in the past 12 months (June 2025-May 2026)
Indian firms increasingly prefer SEBI's confidential IPO filings for greater flexibility in timing, valuation discussions, and limited public disclosure of sensitive information.
Accel starts raising $650 million to $700 million for 9th India fund
Accel has started roadshows and LP meetings to raise $650-700 million for its ninth India-focused fund, aiming to back startups across emerging sectors by early 2027.
NVIDIA CEO Huang calls Marvell 'next trillion-dollar company' tops $250B
Marvell Technology, hailed by Nvidia CEO Jensen Huang as the "next trillion-dollar company," is leveraging India's engineering talent to drive its AI and semiconductor innovations.
Megaport launches $594 million raise to support $329 million US AI contracts
Australia's Megaport has secured four U.S.-based AI infrastructure contracts worth A$458.9 million and launched a fully underwritten entitlement offer to raise A$827.3 million.
Marvell stock jumps 22% to $267.41 after Jensen Huang endorsement
Marvell Technology's shares soared over 20% after Nvidia CEO Jensen Huang predicted it could become a trillion-dollar company, citing its critical role in AI system connectivity.
Nikkei, TAIEX hit highs, gift Nifty signals flat NSE opening
Asian markets hit record highs on Wednesday, driven by strong gains in Japanese and Taiwanese equities, while GIFT Nifty signaled a flat-to-negative start for Indian benchmarks.
Oil climbs over 1% after Iran missile reports, Brent $97.05
Crude oil prices surged over 1% as Middle East tensions escalated, while gold edged lower due to inflation concerns fueled by rising energy costs and persistent dollar strength.
NHPC OFS opens to retail investors and government offloads 3%
NHPC's Offer for Sale (OFS) opens for retail investors on June 3, following a strong 3.47x subscription from non-retail investors at a cut-off price of ₹71.5 per share.
Tech layoffs top 115,000 as FDEs surge for AI rollouts
As tech layoffs surpass 1 lakh in 2026, demand for forward-deployed engineers has skyrocketed by 729%, with salaries ranging from $170,000 to over $200,000.
China services PMI hits 54.4 in May, fastest since February
China’s services sector expanded at its fastest pace in three months in May, driven by stronger domestic demand and export orders, despite rising operational costs.
Gold slips amid oil rise, US says blocked Iranian missiles
Gold prices dipped 0.2% as escalating Middle East tensions drove crude oil gains, intensifying inflation concerns and raising fears of prolonged high interest rates.
Nikkei 225 record lifts Asian stocks, Topix up nearly 1%
Asian markets traded higher on Wednesday, with Japan's Nikkei 225 hitting a record high. The yen hovered near 160 per dollar amid ongoing US-Iran conflict concerns.
SpaceX prices IPO at $135 aiming $1.75 trillion valuation
SpaceX plans to price its record-breaking IPO at $135 per share, aiming for a $75 billion raise as it targets a valuation of $1.75 trillion, a source revealed.
India and US in New Delhi seek interim trade agreement
India and the US have initiated three-day discussions to finalize an interim trade agreement, focusing on tariff structures and comparative market advantages for Indian goods.
Pune's Vaayu Biogas converts kitchen waste into clean cooking gas
A Pune-based startup, Vaayu Biogas, is turning food waste into biogas for cooking, offering a sustainable alternative to LPG amidst India's growing energy insecurity.
India's CMR Green Technologies opens ₹630.62 cr IPO at ₹182-₹192
CMR Green Technologies' ₹630.62 crore IPO opens today, priced at ₹182-192 per share. The offer includes up to 3.28 crore equity shares through an offer for sale.
Japan's government launches ¥3.1 trillion extra budget to aid households
Japan's cabinet approved a $19.4 billion package to combat inflation driven by Middle East instability, including a ¥2.5 trillion reserve fund for subsidies and cost controls.
Asian stocks rise as Japan and Australia gain, Brent $96.75
Asian shares edged higher, tracking Wall Street gains, while Brent crude rose 0.8% to $96.75 a barrel amid reports of missile strikes and heightened geopolitical tensions.
SpaceX plans $1.75 trillion IPO selling only new shares
SpaceX is set to launch an all-primary IPO next week, targeting a $1.75 trillion valuation and aiming to raise at least $75 billion, sources revealed.
Indian IT firms spent $7.1B acquiring niche firms since 2025
Indian IT companies are investing billions in acquisitions to counter AI-driven pricing pressures and sluggish organic growth, gaining clients, market share, and new capabilities.
Microsoft Copilot surges in India: 250% deployment jump, 20 million seats
India is driving global AI adoption, with Microsoft’s Copilot seeing 250% year-on-year growth and major enterprises scaling deployments to over 300,000 seats within six months.
TCS, Infosys and Wipro doubled Microsoft Copilot licenses to 300,000
India's IT giants—TCS, Infosys, and Wipro—have doubled Microsoft Copilot licences to 300,000 within six months, embedding AI deeply into daily operations.
Indian PCB makers push 45-50% price hikes amid supply snags
Domestic PCB manufacturers are pushing for a 45-50% price hike as the Iran conflict disrupts supply chains, causing input costs to surge by up to 150% in six months.
India's AI push fuels hardware engineering growth in 3 years
India's AI surge has triggered a 178% rise in demand for robotics, HVAC, and industrial automation engineers, leading to a 35% salary hike amid a severe talent shortage.
Rupee drops to 95.27 as RBI intervenes after foreign outflows
The Indian rupee weakened by 29 paise to close at 95.27 against the dollar on Tuesday, as foreign investor outflows and high crude oil prices exerted pressure.
S&P 500 hits longest winning streak since 1995, tops 7,600
The S&P 500 closed above 7,600 for the first time, marking its ninth consecutive day of gains, driven by strong performance in tech despite Alphabet's decline.
Gold falls after strong US jobs data raises rate expectations
Gold trimmed earlier gains as strong US jobs data bolstered expectations of prolonged higher interest rates, while Middle East developments continue to influence market sentiment.
Whistleblower accuses Samir Agarwal at IndusInd Bank of insider trading
A new whistleblower complaint accuses IndusInd Bank of insider trading, financial manipulation, and governance failures, deepening scrutiny on the lender.
Zack Eakin raises $42 million for Layup parts composites startup
Zack Eakin's Layup Parts raised $42M in Series A funding to revolutionize composite manufacturing, aiming to simplify custom parts ordering like Amazon.
India's 6% to 15% gold import duty fuels smuggling surge
Higher import duties in India have triggered a surge in gold smuggling, with unofficial imports from the Middle East offering discounts of ₹8-10 lakh per kg below market prices.
Do airlines using Adani airports have to pay higher fees?
The Adani Group and the Airports Economic Regulatory Authority of India (AERA) are embroiled in a legal dispute over airport charges.
Why JLR is taking loans worth £2B
Jaguar Land Rover (JLR), the British luxury car division of Tata Motors, is raising £2 billion through a five-year loan from several multinational banks.
Why SpaceX's IPO filing says water access is a risk
SpaceX has updated its initial public offering (IPO) filing to highlight water access as a major challenge.
Section 301 explained: The US trade law worrying India
As the US and India inch closer to a trade deal, New Delhi has sought protection from possible tariffs under Section 301 of the US Trade Act.
AI creates 13 new jobs at this software company
While many tech companies are letting employees go, a Silicon Valley software firm is doing the opposite.
How Producer Price Index will help measure India's inflation
India is set to launch its first-ever Producer Price Index (PPI) to measure inflation.
Mother Dairy will soon sell milk in naturally degradable pouches
Mother Dairy, a leading milk supplier in India, has launched the country's first naturally degradable milk pouch.
Infosys shares up 6% after rolling out AI-backed journalism tool
Infosys's shares rose by over 6% today, following the company's announcement of an artificial intelligence (AI)-powered editorial recommendation engine.
Zomato, Swiggy, Amazon, Meesho and Zepto form new industry body
India's leading e-commerce companies have formed a new industry-led platform called the Digital Commerce Coalition.
Amid AI boom, Jensen Huang warns not to underpay employees
NVIDIA CEO Jensen Huang has weighed in on the ongoing debate over fair employee compensation amid the AI boom.
Delhi start-up seeks pay cuts from staff after ₹2cr error
A Delhi-based tech company has come under fire for asking its employees to bear the brunt of a ₹2 crore loss caused by a single employee's mistake.
India-UK FTA: New Delhi might reconsider Scotch whisky tariff cuts
India has warned that it may reconsider major concessions under the India-UK Free Trade Agreement (FTA), including tariff cuts on Scotch whisky.
Coca-Cola's Indian bottling subsidiary may get listed in 2027
Coca-Cola is considering an initial public offering (IPO) for its Indian bottling subsidiary, Hindustan Coca-Cola Holdings.
BharatPe Flex lets you make UPI payments on credit
BharatPe, a financial services and UPI payments firm in India, has launched 'BharatPe Flex.'
You can give suggestions to 8th-Pay Commission till June 15
The 8th Central Pay Commission (CPC) has extended the deadline for submitting the memorandums and suggestions to June 15.
Reporting cyberattacks on India's financial sector might soon become easier
The Indian government is working on a unified system for reporting and responding to cyberattacks across the financial sector, Moneycontrol has reported.
Alphabet seeks $80B to fund AI expansion
Google's parent company, Alphabet, has announced plans to raise $80 billion through a series of stock sales. The move includes a big investment deal with Berkshire Hathaway.
South Korea overtakes India as 6th-largest stock market
South Korea's stock market has overtaken India's to become the world's sixth largest.
Why Florida is suing OpenAI and Sam Altman
Florida Attorney General James Uthmeier has filed a lawsuit against OpenAI and its CEO Sam Altman.
Berkshire Hathaway invests $10B in Google parent
Berkshire Hathaway has made a major investment in Alphabet, the parent company of Google. The conglomerate, now led by Greg Abel, has invested $10 billion through a private stock purchase.
ED raids Vedanta Group offices in FEMA case
The Enforcement Directorate (ED) has launched a raid at the offices of Vedanta in Mumbai and Delhi.
Anthropic files for IPO
Anthropic, a leading artificial intelligence (AI) company and the creator of the popular Claude AI model, has officially kicked off its initial public offering (IPO) process.
CBI arrests former RCom MD in bank fraud case
Amitabh Jhunjhunwala, the former Group Managing Director of Reliance Communications, has been arrested by the Central Bureau of Investigation (CBI) in a major bank fraud case.
SpaceX to reserve 5% of IPO stock for employees, family
SpaceX has announced its plan to reserve up to 5% of shares in its upcoming initial public offering (IPO) for select employees and the friends and family of its executive officers.
India's fiscal deficit in FY26 stands at 4.4% of GDP
India's fiscal deficit for the financial year ending March 31, 2026, stood at 4.4% of its gross domestic product (GDP).
China's new rules for overseas investments: How it affects you
China has introduced new regulations to tighten its grip on overseas investments involving Chinese investors, technology, data, and national security.
No more cash wages to workers in Telangana
In a landmark decision, the Telangana government has banned cash wage payments to workers and mandated electronic transfers.
India's industrial output grew by 4.9% this April
India's industrial output grew by 4.9% in April 2026, according to the first reading of the revamped Index of Industrial Production (IIP) series with FY23 as the new base year.
Noel Tata writes to RBI, opposes Tata Sons public listing
Noel Tata, the chairman of Tata Trusts, has written a letter to the Reserve Bank of India (RBI), opposing any potential public listing of Tata Sons.
UPI crosses 23B monthly transactions for first time
India's Unified Payments Interface (UPI) has achieved a major milestone by crossing the 23 billion monthly transaction mark for the first time in May 2026.
Sensex crashes 1,100 points from day's high levels
India's benchmark indices, Sensex and Nifty, witnessed a major fall from their day's high on June 1.
Why domestic air traffic in India is going down
India's domestic aviation sector has seen a decline in passenger traffic, with only 13.8 million travelers in April 2026.
Why Zee Entertainment's shares are up 20% in 5 sessions
Shares of Zee Entertainment Enterprises have witnessed a massive rally, surging by nearly 20% over the past five sessions.
GST collections up 3.2% YoY to ₹1.94L crore in May
India's Goods and Services Tax (GST) collections rose by 3.2% year-on-year to ₹1.94 lakh crore in May 2026, official data released today has showed.
SoftBank becomes Japan's most valuable company, surpassing Toyota
SoftBank Group has dethroned Toyota to become Japan's most valuable company.
Jet fuel prices cut 27% for international airlines
The price of Aviation Turbine Fuel (ATF) for international airlines has been slashed by 27% in India.
New UPI and ATM rules from today
A host of changes have come into effect from June 1, impacting Unified Payments Interface (UPI) and other financial aspects.
How BYD became a $10B bet for Berkshire Hathaway
During the 2008 global financial crisis, investing legend Charlie Munger spotted a unique opportunity in Chinese electric vehicle (EV) maker BYD.
Installing rooftop solar panels will cost you more now
Starting today, India has implemented a major change in its solar sector.
How Airtel is helping Vodafone Idea add more subscribers
Vodafone Idea (Vi) is capitalizing on the ongoing debate over premium 5G connectivity to position itself as a provider of equal network access for all users.
India's factory growth hits 3-month high
India's manufacturing sector witnessed the fastest growth in three months in May, owing to strong domestic demand and a spike in new orders.
Russia bans aviation fuel exports till November 30
Russia has announced a ban on aviation fuel exports until November 30.
How to trace forgotten mutual funds using new government portal
The Ministry of Finance has launched a new awareness initiative called "Your Money, Your Right" to help citizens trace their forgotten or unclaimed financial assets.
Coinbase re-enters India with direct bank-to-crypto transfers
Popular cryptocurrency exchange Coinbase has launched direct Indian rupee (INR) deposit and withdrawal services for retail users in India.
India-Oman trade deal comes into effect today
India's Comprehensive Economic Partnership Agreement (CEPA) with Oman will come into effect today at 2pm IST.
Why Noel Tata is holding up Tata Sons chairman's reappointment
The chairman of Tata Trusts, Noel Tata, has reportedly told the board of Tata Sons that there are several unresolved issues.
China's manufacturing sector expands for 6th consecutive month
China's manufacturing sector has expanded for the sixth consecutive month in May, albeit at a slower rate.
Berkshire Hathaway buys homebuilder Taylor Morrison for $6.8B
Berkshire Hathaway has announced a major acquisition, agreeing to buy US homebuilder Taylor Morrison Home Corp for $6.8 billion in cash.
Oil jumps 2.5% as Israel intensifies attacks on Lebanon
Oil prices surged over 2% in early trading on Monday, after Israel ordered its troops to advance further into Lebanon.
Commercial LPG prices hiked again
Oil marketing companies have increased the prices of commercial LPG cylinders from today.
Reliance Industries to invest ₹10L crore in AI infrastructure
Reliance Industries Limited (RIL) has announced a massive investment of ₹10 lakh crore in multi-gigawatt-scale AI-ready data centers.