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Business News

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11 Jun 2026
TL;DR

Gloucestershire County Council extends Voi e-scooter trial to July 2027

Gloucestershire County Council extended Voi Ltd's contract until July 2027, paving the way for e-scooter trials to expand beyond Gloucester and Cheltenham into smaller towns.

11 Jun 2026
TL;DR

HDFC Life posts 99.7% individual death claim settlement in FY26

HDFC Life reported an impressive 99.7% claim settlement ratio for individual death claims in FY26, emphasizing its commitment to timely and hassle-free claim processing.

11 Jun 2026
TL;DR

Happiest Minds Technologies rolls out AI-powered Rel(AI)Build for enterprise development

Happiest Minds Technologies launched Rel(AI)Build, an enterprise-grade Agentic AI platform designed to modernise software delivery with AI-driven automation and governance.

11 Jun 2026
TL;DR

Akasa Air launches SkyCadet with Skynex Aero, Dunes Aviation Academy

Akasa Air has introduced the SkyCadet programme to train future commercial pilots, aligning with DGCA standards and industry growth demands.

11 Jun 2026
TL;DR

Bengaluru startup SatSure Analytics secures ₹24.6cr for earth observation AI

Indian space startup SatSure secured a $2.6 million grant to develop AI-driven Earth observation models, enhancing geospatial intelligence tailored to India's unique conditions.

11 Jun 2026
TL;DR

India enacts labor codes mandating 50% statutory wages in CTC

India's new labour codes mandate that core wages form at least 50% of total pay, closing loopholes that deflated long-term savings for contract workers.

11 Jun 2026
TL;DR

India and Israel to resume FTA negotiations after July

India and Israel are set to restart formal free trade agreement (FTA) negotiations after July, with the second round of discussions likely taking place in Israel.

11 Jun 2026
TL;DR

India and Nepal launch real time UPI NPI payments system

India and Nepal have launched a UPI-based cross-border remittance system, enabling seamless, real-time money transfers to enhance financial connectivity and economic integration.

11 Jun 2026
TL;DR

Deloitte India and SAP open Bengaluru SAP Delivery Center

Deloitte India has launched an SAP-focused AI-led delivery centre in Bengaluru to accelerate enterprise transformation, cloud adoption, and intelligent automation.

11 Jun 2026
TL;DR

Indian rupee closes at 95.75 dropping 50 paise amid tensions

The rupee dropped 50 paise to close at 95.75 against the US dollar, pressured by West Asia tensions, a stronger greenback, and heavy foreign institutional investor outflows.

11 Jun 2026
Wipro

Wipro's buyback offers 37% premium, but there's a catch

Wipro has launched its ₹15,000 crore share buyback program today.

11 Jun 2026
Adani Group

Reliance, Adani join India's push to cut China rare-earth dependence

Reliance Industries, Vedanta and Adani Group are among 10 companies interested in setting up rare-earth processing plants in Andhra Pradesh, according to Reuters.

11 Jun 2026
Stock Market

Mamaearth parent hits 52-week high, stock jumps 77%

Honasa Consumer, the parent company of popular personal care brand Mamaearth, has seen its shares hit a new 52-week high of ₹438 per share.

11 Jun 2026
TL;DR

Gulf Oil Lubricants India targets 2-3x faster growth by FY2027

Gulf Oil Lubricants India aims to grow 2-3 times faster than the lubricant industry's volume growth in FY27, driven by market share gains and a 70% capacity expansion.

11 Jun 2026
TL;DR

Rolls Royce discusses SMR deployment with India following SHANTI Act

Rolls-Royce is in talks with India to explore deploying Small Modular Reactors (SMRs) as the country aims to expand nuclear power capacity amid surging data centre energy demands.

11 Jun 2026
TL;DR

FIFA World Cup spurs big-screen TV demand across India

TV sales in India are witnessing a sharp rise as football enthusiasts, particularly in West Bengal and Kerala, upgrade to large-screen TVs for a stadium-like viewing experience.

11 Jun 2026
TL;DR

Nifty falls 53 points as Sensex slips on global worries

Indian markets closed lower amid broad-based selling, with Nifty at 23,161.60. Pharma, private banks, and media stocks outperformed while IT and PSU Bank indices declined.

11 Jun 2026
TL;DR

Indian markets slump as Sensex hits 73,832 and Nifty 23,162

Indian equity benchmarks closed lower on Thursday as IT stocks dragged indices, with the Sensex at 73,832.55 and Nifty at 23,161.60 after a volatile session.

11 Jun 2026
Florida

Anti-NVIDIA data center start-up reaches $1.5B valuation

In a major development, TensorWave, an AI-focused cloud computing start-up, has raised $350 million in its Series B funding round.

11 Jun 2026
TL;DR

Cipla's Goa plant given FDA voluntary action indicated rating

Cipla's Goa facility earned a Voluntary Action Indicated (VAI) status after the USFDA's routine inspection in April 2026, signaling manageable compliance issues.

11 Jun 2026
TL;DR

Reliance, Vedanta among about 10 firms eyeing Andhra Pradesh rare-earths

Reliance, Vedanta, and Adani are among ten firms interested in developing rare-earth processing facilities in Andhra Pradesh to reduce India's reliance on China.

11 Jun 2026
TL;DR

Eighth Pay Commission to revise pay, pensions January 1 2026

The 8th Pay Commission has completed seven months of consultations, with unions pushing for a higher fitment factor amid rising inflation and fiscal considerations.

11 Jun 2026
TL;DR

Capital Group cuts India holdings 68% to 3rd FPI

Capital Group, managing $3 trillion in assets, reduced its India portfolio by 68% since FY24, dropping from the top Foreign Portfolio Investor (FPI) spot to third place.

11 Jun 2026
TL;DR

Elon Musk could become trillionaire after $1.77T SpaceX IPO

Elon Musk, worth $788 billion, could see his fortune surpass $1 trillion if SpaceX debuts at its projected $1.77 trillion valuation.

Rajesh Exports shares hit lower circuit for 6th straight session

Rajesh Exports, one of India's leading gold refiners, has seen its share price plummet by nearly 27% since the Securities and Exchange Board of India (SEBI) issued an interim order on June 3.

11 Jun 2026
TL;DR

MakeMyTrip launches early check in and late check out

MakeMyTrip introduces India's first large-scale early check-in and late check-out option, available at over 10,000 domestic and 1,000 international properties.

11 Jun 2026
TL;DR

SpaceX to debut on Nasdaq June 12 near $1.75T valuation

SpaceX's IPO and potential early inclusion in the Nasdaq-100 could offer Indian investors indirect exposure through Nasdaq-linked mutual funds, despite overseas investment limits.

11 Jun 2026
Anil Ambani

NCLT accepts SBI's plea to initiate Anil Ambani's personal bankruptcy

The National Company Law Tribunal (NCLT) in Mumbai has accepted a plea from the State Bank of India (SBI) to initiate personal insolvency proceedings against industrialist Anil Ambani.

11 Jun 2026
TL;DR

Anil Ambani challenges NCLT order over alleged ₹1,200cr personal guarantees

Anil Ambani plans to challenge the NCLT's decision admitting SBI's plea for personal insolvency proceedings over ₹1,200 crore guarantees linked to Reliance Communications' debt.

11 Jun 2026
TL;DR

Bernstein Research says AI could cut advanced economies' income 22%

Bernstein Research reveals AI could reduce national income by 22% in high-income economies, compared to just 10% in middle-income countries like India and Indonesia.

11 Jun 2026
TL;DR

Indian industrial firms gain $48B as AI demand lifts stocks

Indian industrial firms supplying data-center components have added $48 billion in market value this year, driven by global investments in AI infrastructure.

11 Jun 2026
N Chandrasekaran

TCS rethinks small-town office expansion after Nashik harassment case

Tata Consultancy Services (TCS) is rethinking its strategy to open offices in smaller towns and cities.

11 Jun 2026
TL;DR

SBI and BoB raise FCNR(B) rates to 6% on USD

SBI and Bank of Baroda have increased interest rates on FCNR(B) deposits, offering NRIs up to 6% returns on USD deposits following RBI's measures to boost foreign currency inflows.

11 Jun 2026
TL;DR

SpaceX plans June 12 IPO aiming to raise $75B

SpaceX aims to raise $75 billion through its IPO, potentially becoming the largest in history, surpassing Saudi Aramco's 2019 record of $29.4 billion.

11 Jun 2026
TL;DR

Antonio Gracias's Valor stake $65 billion as SpaceX nears IPO

Antonio Gracias, an early backer of Elon Musk, provided crucial financial aid during SpaceX's toughest times. Now, his stake in the company could yield historic returns.

11 Jun 2026
TL;DR

China posts $105.4 billion May trade surplus as exports surge

China's AI-driven exports surged 19.4% in May 2026, fueling a $105 billion trade surplus, but geopolitical tensions threaten to disrupt global growth and the booming AI cycle.

11 Jun 2026
TL;DR

India quick commerce estimated $10B to $11B accelerates logistics innovations

India's logistics firms are leveraging advanced data tools to support quick commerce, enabling brands to optimize inventory and reduce fulfillment costs efficiently.

11 Jun 2026
Apple

Jon Prosser may get another chance to fight Apple's lawsuit

Apple and Jon Prosser's attorney have jointly requested the court to vacate a default judgment entered against him last October.

11 Jun 2026
TL;DR

Honasa Consumer, Mamaearth parent, shares hit ₹438 52-week high

Shares of Honasa Consumer surged 77% in six months, reaching a 52-week high of Rs 438, driven by strong financial performance and ambitious FY31 growth targets.

11 Jun 2026
TL;DR

IIM Lucknow launches B.S. in AI and Business Analytics

IIM Lucknow begins admissions for its new BS in Artificial Intelligence and Business Analytics, offering 60 seats for JEE Advanced-qualified candidates.

11 Jun 2026
TL;DR

Vedanta Ltd splits into 5 companies effective May 1 2026

Vedanta's five-way demerger reshapes its dividend dynamics, with payouts now distributed across newly formed entities, reflecting their individual cash flows and priorities.

11 Jun 2026
TL;DR

ICICI Securities keeps buy on Honasa Consumer with ₹500 target

ICICI Securities recommends a buy rating for Honasa Consumer, targeting Rs 500, citing robust growth plans and strategic innovations shared during its Investor Day.

11 Jun 2026
TL;DR

SAMCO Securities launches global investing platform at GIFT City

SAMCO Securities has launched a global investing platform via GIFT City, enabling Indian investors to trade US-listed stocks and ETFs with research-backed insights.

11 Jun 2026
Ubisoft

Ubisoft shuts more studios, lays off employees amid ongoing restructuring

Ubisoft, the renowned video game publisher, is undergoing another round of restructuring and layoffs. The company has decided to shut down its studios in Winnipeg and Belgrade, according to The Game Business.

11 Jun 2026
TL;DR

Alembic Pharmaceuticals wins tentative FDA approval for generic Vitrakvi (larotrectinib)

Alembic Pharmaceuticals received tentative USFDA approval for its generic Larotrectinib Capsules, potentially securing 180-day marketing exclusivity under the Hatch-Waxman Act.

11 Jun 2026
NITI Aayog

India's 6G push centers on homegrown tech, patent creation

The Indian government is gearing up to start talks on a roadmap for the country's transition to sixth-generation (6G) mobile communications.

11 Jun 2026
TL;DR

GlobalFoundries to manufacture RF chips with Indian Fermionic under DLI

GlobalFoundries will manufacture RF chips for Fermionic, marking the first-ever production of Indian semiconductors by the global chipmaking giant under a strategic partnership.

11 Jun 2026
Infosys

Nifty IT crashes over 2%; HCL, Infosys lead fall

The Nifty IT index, a key indicator of India's information technology sector, has witnessed a major crash today.

11 Jun 2026
TL;DR

CBDT announces 6 criteria to prioritize scrutiny of ITRs

Income tax returns may face compulsory scrutiny if linked to surveys, search operations, reassessments, recurring disputes, or specific tax-evasion inputs under CBDT guidelines.

11 Jun 2026
TL;DR

Sensex rebounds 376 points to 74,360 while Nifty hits 23,316

Sensex surged 861 points from its intraday low, driven by gains in private banking and pharmaceutical stocks, with ICICI Bank, Kotak Mahindra Bank, and Reliance leading the rally.

11 Jun 2026
TL;DR

AI linked layoffs in 2026 outpace 2024 and 2025 combined

Tech companies are cutting jobs at record rates, citing AI as the primary reason, while top firms spend an average of Rs 6.4 lakh per employee monthly on AI tools.

11 Jun 2026
Anthropic

Anthropic to provide Claude AI access to 50,000 TCS employees

Tata Consultancy Services (TCS) has announced a global strategic partnership with artificial intelligence (AI) company Anthropic.

11 Jun 2026
TL;DR

Bill Gates tells Congress he regrets meeting Jeffrey Epstein

Bill Gates admitted to US lawmakers that associating with Jeffrey Epstein was a serious misjudgment, jeopardizing his reputation and decades of philanthropic efforts.

11 Jun 2026
TL;DR

Flipkart shakes up leadership to supercharge AI and tech

Flipkart has onboarded top executives from Coupang, Swiggy, Razorpay, and Tata Digital to strengthen its AI-driven transformation across engineering, product, and data science.

11 Jun 2026
Oracle

ShinyHunters hacked Oracle servers at over 100 organizations

The notorious cybercrime group, ShinyHunters, has claimed responsibility for breaching Oracle's PeopleSoft servers at over 100 organizations. The victims include a number of universities.

11 Jun 2026
TL;DR

Gold ETFs outflow ₹725cr as multi-asset inflows slip to ₹3,928cr

Gold ETFs saw a net outflow of Rs 725 crore in May, while inflows into multi-asset allocation funds declined by 23%, raising questions about shifting investor preferences.

11 Jun 2026
TL;DR

Reliance Jio secures 32.8% Kerala share and ₹868.16cr adjusted revenue

Reliance Jio solidified its leadership in Kerala during FY 2025-26, achieving a 32.8% AGR market share and adding over 5 lakh subscribers across mobility and broadband services.

11 Jun 2026
TL;DR

Vahh Chemicals lists BSE-SME at ₹70, 17% above IPO price

Vahh Chemicals shares listed at ₹70 on BSE SME, a 17% premium over the IPO price of ₹60, before facing selling pressure and hitting the 5% lower price band.

11 Jun 2026
Donald Trump

Trump says he 'loves inflation' as prices hit 3-year high

US President Donald Trump has said "I love the inflation," after consumer prices surged by 4.2% in May, the highest since April 2023.

11 Jun 2026
Donald Trump

Gold prices hit 6-month low

Gold prices have plunged to a six-month low, following fresh US military strikes on Iran.

11 Jun 2026
TL;DR

Unicorn Infosolutions opens 100th Apple store, targets 150 stores

Unicorn Infosolutions, India's largest Apple Premium Partner, celebrates opening its 100th store, marking over two decades of growth and a strong retail presence nationwide.

11 Jun 2026
TL;DR

MTAR dips 4% after Bloom Energy pause, still up 185%

MTAR Technologies shares dropped 4% after key client Bloom Energy faced a 10% stock decline in the US, triggered by the pause of a major AI-linked data-centre project.

11 Jun 2026
Sam Altman

Sam Altman-backed Opendoor exits India, lays off 250 employees

US-based real estate technology company Opendoor has announced its decision to shut down operations in India. The closure will affect nearly 250 employees working for the company in the country.

11 Jun 2026
TL;DR

Bengaluru startup 4baseCare raises ₹128cr to globalize precision cancer tech

Bengaluru-based precision oncology startup 4baseCare has raised Rs 128 crore, including a Rs 38 crore top-up round led by growX Ventures and Infosys, to expand globally.

11 Jun 2026
Indian Government

Centre waives excise duty on ethanol-blended petrol

The Indian government has waived the excise duty on certain types of ethanol-blended petrol. The exemption applies to E22, E25, E27 and E30 fuel blends.

11 Jun 2026
Microsoft

Microsoft plans major layoffs in Xbox division

Microsoft's gaming division, Xbox, is planning major layoffs and budget cuts. The move comes as part of a restructuring effort under new CEO Asha Sharma.

11 Jun 2026
TL;DR

MSCI EM top 10 lacks Indian firms for 1st time

For the first time since 2000, no Indian company ranks in the MSCI Emerging Markets Index top 10, as India's overall weight hits a six-year low of 10.87%.

11 Jun 2026
TL;DR

Nifty IT index drops 2.4% on AI worries, global slump

The Nifty IT index plunged 2.4%, underperforming the broader market, as global tech weakness and AI-related growth concerns weighed on major stocks like HCL Tech, Infosys, and TCS.

11 Jun 2026
TL;DR

Fund managers highlight AI, trade and exports driving India's growth

India's growth is diversifying across sectors, with AI driving opportunities. Kailash Kulkarni emphasizes agility and realistic investor expectations for sustainable success.

11 Jun 2026
TL;DR

Sensex drops over 250 points as U.S.-Iran tensions unsettle investors

Sensex dropped over 250 points and Nifty neared 23,100 as escalating US-Iran tensions and rising Brent crude prices triggered a global risk-off sentiment on Thursday.

11 Jun 2026
TL;DR

India secures urea imports at $444.90 to $617 per ton

India's urea import prices have dropped significantly, signaling an easing of global supply issues. Offers in the latest tender were less than half of April's rates.

11 Jun 2026
TL;DR

Coupang fined $409 million in South Korea's largest data leak penalty

South Korea imposed a $409 million fine on Coupang for leaking data of over 33 million customers and illegally collecting personal information, marking its largest-ever penalty.

11 Jun 2026
TL;DR

SpaceX IPO at $135 making about 4,000 employees millionaires

SpaceX's historic $1.8 trillion IPO at $135 per share will create 4,000 employee millionaires, sparking a real estate boom in Brownsville, Texas, near the company's headquarters.

11 Jun 2026
TL;DR

CLSA sets ₹1,512 target for Infosys citing GenAI market boom

CLSA reiterated its 'outperform' rating on Infosys, citing a $300-400 billion GenAI opportunity by 2030 and set a target price of Rs 1,512, implying over 32% upside.

11 Jun 2026
TL;DR

South Korea's KOSPI plunges 9% after AI chip selloff

South Korea's KOSPI plunged 9% in two sessions, driven by profit booking in AI-linked semiconductor stocks, rising U.S. inflation, and geopolitical tensions in West Asia.

11 Jun 2026
TL;DR

Indian rupee to open weaker after Iran and US tensions

The Indian rupee is set to weaken as escalating Iran–US tensions drive Brent crude prices higher, while a tepid risk environment adds further pressure on the currency.

11 Jun 2026
TL;DR

Mahindra may see up to 15% June SUV output drop

Mahindra & Mahindra may face up to a 15% SUV production decline in June due to labour shortages at key suppliers, disrupting output of popular models like the XUV 7XO and Thar.

11 Jun 2026
TL;DR

Most Indian banking leaders report rising fraud losses, BioCatch survey

A BioCatch survey reveals 84% of Indian banking leaders report increased fraud losses, with AI-driven threats and instant payment platforms emerging as major concerns.

11 Jun 2026
TL;DR

Oil India Limited to start ultra deepwater drilling February 2027

Oil India Limited (OIL) is set to launch exploratory drilling in ultra-deepwater blocks off India’s East Coast by 2027, marking a significant expansion of its offshore operations.

11 Jun 2026
TL;DR

SEBI alleges Rajesh Exports inflated ₹15.2 trillion, Rajesh Mehta cooperating

Rajesh Exports chairman Rajesh Mehta stated the company will fully cooperate with Sebi's investigation into alleged revenue inflation of Rs 15.2 lakh crore between FY21 and FY25.

11 Jun 2026
TL;DR

Reliance 4IR Realty, Mahadev Realtors to redevelop Gilbert Hill slum

Reliance Industries Limited's consortium won the 101-acre Gilbert Hill slum cluster redevelopment project, marking its entry into Mumbai’s slum rehabilitation sector.

11 Jun 2026
TL;DR

Opendoor winds down India operations, cuts about 250 jobs

US-based real estate platform Opendoor is shutting down its India operations, laying off nearly 250 employees as it shifts operational roles to AI-native teams in the US.

11 Jun 2026
TL;DR

Gold falls to 6-month low after US strikes on Iran

Gold prices dropped to a six-month low as US military strikes on Iran spiked oil prices, stoking inflation fears and bolstering expectations of prolonged high interest rates.

11 Jun 2026
TL;DR

Sen. Elizabeth Warren urges SEC to delay SpaceX IPO

Senator Elizabeth Warren has called on the SEC to delay SpaceX's IPO, citing concerns over its high valuation, corporate governance, and potential risks to investors.

11 Jun 2026
TL;DR

US core CPI rises 0.2%, traders expect Fed December hike

Bond traders remain confident in a Federal Reserve rate hike by year-end, despite softer-than-expected core inflation data providing the central bank room for a cautious approach.

11 Jun 2026
TL;DR

Manam Chocolate raises $9 million to open more Delhi-NCR stores

Manam Chocolate, a premium farm-to-bar chocolate brand, raised $9 million in Series A funding led by Omnivore to expand its retail presence across India, starting with Delhi NCR.

11 Jun 2026
TL;DR

Oracle plans $40B AI build including Stargate amid investor unease

Oracle plans to raise $40 billion in new financing, adding to its $43 billion debt from last year, as AI infrastructure costs outpace revenue growth.

11 Jun 2026
TL;DR

Contactless tap-to-pay cards gain rapid adoption among Indian consumers

Contactless 'tap-and-pay' card transactions now account for up to a third of total card swipes, driven by younger consumers and expanding payment infrastructure.

11 Jun 2026
TL;DR

Venkatesh Korla: AI personalizes HGS service, influences nearly 25% revenue

Customer service is evolving from a cost centre to a core business function, as AI enables personalized customer interactions at scale, says HGS CEO Venkatesh Korla.

11 Jun 2026
TL;DR

India labor codes require 50% wages, firms add tax-friendly perks

India Inc is mitigating the impact of new labour codes on take-home pay by expanding tax-efficient allowances and benefits, despite muted salary hikes.

11 Jun 2026
TL;DR

Anthropic sets up $200 million fund to study automation's workforce effects

Anthropic has launched a $200 million fund to study AI-driven job disruptions, advocating for universal basic income and stricter AI regulations to ensure equitable outcomes.

11 Jun 2026
TL;DR

DOJ issues subpoenas probing banks closing accounts over political views

Federal prosecutors have subpoenaed major banks, including JPMorgan and Bank of America, investigating claims they closed accounts over customers' political affiliations.

11 Jun 2026
TL;DR

Russell Horwitz quits Goldman after raising Ruemmler Epstein concerns

Russell Horwitz, Goldman’s chief of staff, is leaving after opposing CEO David Solomon’s support for Kathy Ruemmler, whose ties to Jeffrey Epstein sparked internal controversy.

11 Jun 2026
TL;DR

Hussain Sajwani invests $66 billion to build AI data centers

UAE billionaire Hussain Sajwani, a Trump ally, is investing $66 billion in global data centers through DAMAC Digital, aiming to dominate the AI-driven demand for computing power.

11 Jun 2026
TL;DR

ITAT restores charitable status of Reliance Foundation Mumbai hospital

The ITAT overturned the Income Tax department's cancellation of Reliance Foundation Hospital's charitable registration, affirming medical relief as charity.

11 Jun 2026
TL;DR

RBI issues draft rules to ease banks' derivatives risk management

The Reserve Bank of India has proposed draft guidelines for counterparty credit risk, aligning banks' risk calculations and capital requirements with international standards.

11 Jun 2026
TL;DR

ZEE5 restricts FIFA World Cup to ₹799 or ₹1,699 subscriptions

Zee Entertainment is offering exclusive FIFA World Cup subscription packs on ZEE5, avoiding telecom bundling to focus on direct subscriber growth through ₹799 and ₹1,699 plans.

11 Jun 2026
TL;DR

Oil jumps nearly 3% after Trump's warning, US crude $90.76

Oil prices surged as US President Donald Trump threatened further military action against Iran, raising fears of escalating West Asia tensions disrupting energy supplies.

11 Jun 2026
TL;DR

SpaceX $75 billion IPO sidelines junior banks' fees and recognition

SpaceX's $75 billion IPO has left junior banks frustrated, as they are relegated to minor co-manager roles with small fees and limited prestige.

10 Jun 2026
Bharti Airtel

Bharti Airtel rebrands priority postpaid service as 'Fast Lane'

Bharti Airtel is rapidly expanding its 5G network in northern India, adding over 2,900 new sites.

10 Jun 2026
Personal Finance

Gold prices could fall by 20%: Here we decode why

Citigroup has revised its gold price forecast, cutting the three-month target from $4,300 to $4,000 per ounce.

10 Jun 2026
Narendra Modi

Modi government turns 12: A look at major tax reforms

As Prime Minister Narendra Modi completes 12 years in office, several changes have been made to India's taxation laws and systems.

10 Jun 2026
Zepto

Zepto's Aadit Palicha to become youngest MD, CEO in India

Aadit Palicha, the co-founder of Zepto, is set to become the youngest managing director and chief executive officer (CEO) of a publicly listed company in India.

10 Jun 2026
IndiGo

Your IndiGo flight may soon fly over Himalayas

IndiGo, India's aviation giant, is considering the option of flying over the Himalayas.

10 Jun 2026
Elon Musk

Starlink's launch in India has not been put on hold

Starlink, Elon Musk's satellite internet service, has responded to reports of its India launch being delayed due to security concerns over the Iran conflict.

10 Jun 2026
Anil Ambani

Bombay HC offers Anil Ambani interim relief in tax-evasion case

The Bombay High Court has granted interim protection from prosecution and penalty to industrialist Anil Ambani in an alleged tax evasion case.

10 Jun 2026
India

Bharat Forge will make semiconductor chips now

Bharat Forge, India's leading forging and engineering company, has made its entry into the billion-dollar semiconductor industry.

10 Jun 2026
HDFC Bank

HDFC Bank hikes FCNR deposit rates: How it affects you?

HDFC Bank has announced a major hike in the interest rates for its Foreign Currency Non-Resident (FCNR) deposits.

10 Jun 2026
London

Palantir to sue London mayor for blocking £50M Met contract

Palantir, a US spy-tech company, is planning to sue London Mayor Sadiq Khan.

10 Jun 2026
Donald Trump

Trump family made $500M from a cryptocurrency deal

The family of US President Donald Trump made $500 million from a cryptocurrency deal, just before the involved company suffered a collapse.

10 Jun 2026
Cognizant

Cognizant generates $200M sales pipeline by listening to employee conversations

Cognizant, a leading IT services company, has generated an additional $200 million in sales pipeline by leveraging artificial intelligence (AI) to analyze internal communications.

10 Jun 2026
Mukesh Ambani

This Ambani-backed start-up seeks $100M to make humanoid robots

Addverb Technologies, an Indian start-up backed by billionaire Mukesh Ambani's Reliance Industries, is looking to raise over $100 million.

10 Jun 2026
Layoff News

Salesforce has embarked on another round of layoffs

Salesforce, the leading customer relationship management (CRM) company, has laid off employees in a new round of job cuts.

10 Jun 2026
Stock Market

Sensex up 380 points, Nifty crosses 23,300: What's driving rally?

The Indian stock market opened on a positive note today, with the Sensex rising by 378.77 points or 0.51% to hit 74,297.52.

10 Jun 2026
Meta

Reliance to build Meta's 1st AI data center in India

Meta, the parent company of Facebook, has teamed up with Reliance Industries Limited (RIL) to establish its first artificial intelligence (AI)-driven data center in India.

10 Jun 2026
Elon Musk

Why xAI, SpaceX are facing class-action lawsuit in the US

Elon Musk's companies, xAI and SpaceX, are facing a class-action lawsuit filed by residents of Mississippi, US.

09 Jun 2026
IDBI Bank

IDBI Bank should be sold in FY27, says report

The strategic divestment of IDBI Bank is now expected to be completed in FY27, government sources have said to Moneycontrol.

09 Jun 2026
Microsoft

Why Microsoft has fired hundreds of Azure employees in China

Microsoft has laid off hundreds of employees in its Azure cloud unit in China.

09 Jun 2026
Bajaj Auto

Why Rajiv Bajaj is stepping down from Bajaj Finserv's board

Rajiv Bajaj, a prominent non-executive director at Bajaj Finserv, has decided to step down from the company's board.

09 Jun 2026
Climate Change

World's biggest banks funneled $906B into fossil fuels last year

The world's biggest banks have pledged a staggering $906 billion in financing to the fossil fuel industry last year, a new report has revealed.

09 Jun 2026
PhonePe

PhonePe, CRED will soon allow rent payment using credit cards

Fintech giants PhonePe and CRED are testing a new model for rent payments through credit cards.

09 Jun 2026
Adani Group

Adani Energy is acquiring smart metering firm IntelliSmart for ₹3,050cr

Adani Energy Solutions Limited (AESL) has announced its plan to acquire IntelliSmart Infrastructure Private Limited for ₹3,050 crore.

09 Jun 2026
Health & Wellness

GSK buys US biopharma company Nuvalent for $10.6B

British pharmaceutical giant GlaxoSmithKline (GSK) has announced its acquisition of US-based biopharmaceutical company Nuvalent for $10.6 billion.

09 Jun 2026
India

DIIs buy ₹4.16L crore worth of equities in 2026

Domestic institutional investors (DIIs) have been on a buying spree in the Indian equity market this year, with their net purchases surpassing ₹4.16 lakh crore in just over five months of 2026.

This FirstCry-promoted company wants to raise ₹1,000cr via IPO

Swara Baby Products, a FirstCry-promoted company that specializes in manufacturing baby and adult diapers as well as feminine hygiene products, is gearing up for an initial public offering (IPO) of up to ₹1,000 crore.

09 Jun 2026
World Bank

India well-positioned to weather global economic slowdown: World Bank

The World Bank has said that India is well-positioned to weather the storm of a slowing global economy.

09 Jun 2026
Alibaba Group

Pentagon blacklists Alibaba, BYD over ties to Chinese military

The Pentagon has added Alibaba, Baidu, and BYD to its list of companies allegedly aiding the Chinese military.

09 Jun 2026
Cryptocurrency

Jailed crypto mogul Sam Bankman-Fried turns to Trump for pardon

Sam Bankman-Fried, the former cryptocurrency mogul who is currently serving a prison term for fraud, has requested a presidential pardon from Donald Trump.

09 Jun 2026
IndiGo

IndiGo shares surge 4% on FY30 growth plans

Shares of InterGlobe Aviation, which operates IndiGo, surged over 4% on Thursday.

09 Jun 2026
CRED

CRED launches new credit and lending app

CRED, a leading player in India's fintech space, has launched a new standalone app called 'Cash by CRED.'

Acko wants to raise $300M via IPO at $2B valuation

Acko, a leading digital insurance provider, is gearing up to file its draft papers for an initial public offering (IPO) worth around $300 million.

09 Jun 2026
Sam Altman

Sam Altman's eye-scanning start-up, Tools for Humanity, is firing workers

Tools for Humanity, the iris-scanning start-up co-founded by Sam Altman, has announced layoffs.

09 Jun 2026
Paytm

Paytm to increase its headcount by 10%

Indian fintech giant Paytm has announced plans to hire around 4,000 employees over the next nine months.

09 Jun 2026
Indian Government

SpiceJet delays pilot salaries as it seeks government-backed loan

SpiceJet has delayed salary payments to many of its pilots since March, as per internal communications reviewed by Reuters.