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Business News

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19 Jun 2026
TL;DR

World Bank provides India $1.5B to jumpstart reforms and jobs

The World Bank has approved a $1.5 billion financing package to support India's structural reforms, focusing on job creation and boosting private investment.

19 Jun 2026
TL;DR

SEBI launches GARUDA, cutting AIF approval to 10 working days

SEBI introduces the GARUDA framework, reducing AIF scheme approval time from 30 to 10 working days, enabling faster capital deployment while maintaining regulatory oversight.

19 Jun 2026
TL;DR

RBI projects 5.1% FY27 inflation, flags fuel and monsoon risks

The Reserve Bank of India projects FY27 CPI inflation at 5.1%, citing elevated energy prices and uneven monsoon conditions as key risks to the inflation trajectory.

19 Jun 2026
TL;DR

Jio Platforms to export 5G stack to $70 billion market

Jio Platforms plans to leverage its indigenously developed 5G tech stack to tap into a $70 billion global market, targeting untapped telecom operators.

19 Jun 2026
TL;DR

DRHP shows Jio 50% India wireless broadband market share

Reliance Jio leads India's telecom sector with 524.4 million subscribers, Rs 1.47 lakh crore revenue, and 241.4 billion GB data usage in FY26, as per its IPO filing.

19 Jun 2026
TL;DR

Micron earnings on Wednesday could decide AI stock surge

Micron's upcoming earnings report will gauge chip demand and test the sustainability of the AI-driven stock market surge, as valuations and investor optimism remain high.

19 Jun 2026
TL;DR

SEBI permits open market buybacks starting August 1, 2026

Sebi has approved reintroducing open-market share buybacks, effective August 1, offering companies a flexible alternative to tender offers for returning capital to shareholders.

19 Jun 2026
TL;DR

Flipkart projects India's beauty market rising to $39B by 2030

India's beauty and personal care market, currently valued at $27 billion, is projected to reach $39 billion by 2030, driven by shifting consumer behavior and rising demand.

19 Jun 2026
TL;DR

SEBI's GARUDA allows AIF launches 10 working days after PPM

SEBI has introduced the GARUDA framework, reducing regulatory timelines for Alternative Investment Funds (AIFs) to accelerate capital deployment while ensuring post-facto scrutiny.

19 Jun 2026
TL;DR

SEBI eases intraday borrowing rules for mutual fund AMCs

SEBI has relaxed intraday borrowing norms for mutual funds, enabling broader usage for operational needs like cash management and settlement activities.

19 Jun 2026
TL;DR

Reliance Industries aims to make RCPL India's top FMCG leader

Reliance Industries aims to expand its FMCG arm, Reliance Consumer Products Limited, globally, targeting multi-billion-dollar growth and $125-150 billion in exports by 2032.

19 Jun 2026
TL;DR

Reserve Bank of India reports forex reserves down $9.99 billion

India's foreign exchange reserves dropped by $9.99 billion to $671.63 billion as of June 12, 2026, driven by a sharp $10.75 billion decline in gold reserves.

19 Jun 2026
TL;DR

Indian rupee gains 6 paise to 94.34 vs US dollar

The rupee gained 6 paise to settle at 94.34 against the U.S. dollar on June 19, 2026, amid optimism over India-U.S. trade talks and fluctuating global market trends.

19 Jun 2026
TL;DR

Reliance Retail posts ₹3.7L/cr revenue up 11.8%, IPO timing unclear

Mukesh Ambani avoided providing a timeline for Reliance Retail's IPO at the AGM, instead emphasizing its growth and profitability, while Jio Platforms' listing remains a priority.

19 Jun 2026
TL;DR

Anant Ambani: KG-D6 and CBM supply nearly 1-third India's gas

Reliance Industries will actively explore new opportunities in the exploration and production sector, reinforcing its commitment to India's energy security, said Anant Ambani.

19 Jun 2026
TL;DR

Mukesh Ambani shares Reliance FY26 record and Jio IPO plans

Mukesh Ambani unveiled transformative plans at Reliance's 49th AGM, including Jio IPO details, AI ecosystem advancements, and ambitious retail and clean energy strategies.

19 Jun 2026
TL;DR

Reliance Jio Platforms gears up for $3.8 billion Mumbai IPO

Reliance Jio Platforms, led by Mukesh Ambani, is India's largest telecom player with over 500 million subscribers and plans to raise $3.8 billion through a historic IPO.

19 Jun 2026
TL;DR

Jio Platforms files IPO issuing 27cr shares, proceeds to company

Jio Platforms' IPO will issue 27 crore fresh shares, with proceeds primarily allocated to reducing Reliance Jio Infocomm's ₹30,057.2 crore debt from syndicated term loans.

19 Jun 2026
TL;DR

France raises Tibi to €15bn at VivaTech with €13bn boost

France has launched the third phase of its Tibi initiative, securing €13 billion to bolster French and European tech firms, with 50% allocated to deeptech investments.

19 Jun 2026
TL;DR

Mukesh Ambani unveils Reliance 5-point plan to more-than-double EBITDA

Mukesh Ambani, at Reliance’s 49th AGM, outlined a five-pronged value creation plan, highlighting Jio's imminent IPO and ambitious growth across energy, AI, FMCG, and exports.

19 Jun 2026
TL;DR

Accenture shares tumble nearly 20% after results miss, outlook lowered

Accenture's stock dropped nearly 20% after weak Q3 bookings and reduced guidance, but CEO Julie Sweet insists the company is undergoing a multi-year AI-driven transformation.

19 Jun 2026
TL;DR

Mukesh Ambani urges unity to develop India by 2047

At Reliance's 49th AGM, Mukesh Ambani quoted the Rig Veda, emphasizing collaboration among government, industry, and citizens to achieve India's Viksit Bharat mission by 2047.

19 Jun 2026
TL;DR

BSE launches India's 1st Saatvik 100 index tracking ethical firms

BSE Index Services has introduced the BSE Saatvik 100, India's first index based on Saatvik principles, derived from the BSE 500 and reconstituted semi-annually.

19 Jun 2026
TL;DR

Nita Ambani shares dream to host Olympic Games in India

Nita Ambani, at the RIL AGM, emphasized Reliance Foundation’s sports achievements and reiterated her ambition to bring the Olympic Games to India.

19 Jun 2026
TL;DR

Kerala launches brand Keralam, announced by Chief Minister VD Satheesan

Kerala launches 'Brand Keralam' to promote indigenous products globally, ensuring quality certification and better market access for spices, seafood, textiles, and more.

19 Jun 2026
TL;DR

Reliance Industries unveils JioBharatIQ and JioHealthIQ in 22 languages

Mukesh Ambani's Reliance aims to democratise AI in India by building sovereign infrastructure and sector-specific platforms, mirroring Jio's telecom disruption strategy.

19 Jun 2026
TL;DR

Reliance Retail eyes ₹1L cr FY30 using AI, profit ₹138.38B

Reliance Retail unveiled plans to leverage AI and consumer intelligence for sustainable growth, aiming to become India's largest FMCG company by FY30.

19 Jun 2026
TL;DR

Reliance's JioMart grows to 3,100 stores, reaches over 1,200 cities

Reliance Industries’ JioMart, with 3,100 stores across 1,200 cities, is driving hyperlocal deliveries and rapid growth in India’s competitive quick commerce market.

19 Jun 2026
TL;DR

Reliance Industries unveils plan for over 200,000 clean energy jobs

Reliance Industries unveiled its ambitious clean energy roadmap, promising over 200,000 green jobs and significant contributions to earnings starting FY27.

19 Jun 2026
TL;DR

Reliance Industries to triple LFP battery capacity to 120 GWh

Reliance Industries plans to expand its battery gigafactory capacity to 120 GWh annually, alongside commissioning advanced solar manufacturing lines for renewable energy growth.

19 Jun 2026
TL;DR

Narendra Modi to lay foundation for ₹25,016cr coal-to-ammonium nitrate plant

Prime Minister Narendra Modi will inaugurate India's first commercial coal-to-ammonium nitrate project in Odisha, a ₹25,016 crore initiative boosting domestic chemical production.

19 Jun 2026
TL;DR

Reliance Jio to move all users onto 5G by 2030

Reliance Jio aims to migrate all subscribers to 5G by 2030, deepen AI integration across services, and export its proprietary telecom technology globally for its next growth phase.

19 Jun 2026
TL;DR

Reliance unveils Reliance Intelligence delivering affordable AI in 22 languages

Reliance Intelligence aims to make AI affordable and accessible for all Indians, offering multilingual services in 22 languages and launching innovative apps across key sectors.

19 Jun 2026
TL;DR

Samhi Hotels plans ₹2,200cr expansion to reach ₹3,000cr target

Samhi Hotels aims to nearly triple its revenue to ₹3,000 crore in five years, leveraging ₹2,200 crore funded capex and strong demand trends across its portfolio.

19 Jun 2026
TL;DR

Mukesh Ambani highlights Reliance intelligence to make India AI leader

Mukesh Ambani, at Reliance AGM 2026, outlined plans to make India a global AI leader by building powerful, trusted, and affordable AI technologies for domestic and global markets.

19 Jun 2026
TL;DR

Reliance Consumer Products executive Isha Ambani targets ₹1L/cr by FY2030

Reliance Industries outlined ambitious plans at its 49th AGM, with Isha Ambani announcing a ₹1 lakh crore revenue target for its consumer business by FY2030.

19 Jun 2026
TL;DR

Deepinder Goyal launches Entropy biomarker on Temple to track metabolism

Temple, founded by Deepinder Goyal, introduces Entropy, a real-time biomarker measuring metabolic cost, updated every second and influenced by daily activities.

19 Jun 2026
TL;DR

Reliance Industries unveils 30,000cr AI food parks for snack production

Reliance Industries plans to invest Rs 30,000 crore in AI-driven food parks over three years, enhancing manufacturing efficiency and scaling production capabilities.

19 Jun 2026
TL;DR

Reliance Retail unveils manufacturing platform streamlining produce and garments supply

Reliance Retail plans to launch a manufacturing platform integrating technology to enhance supply chains for fresh produce and garments, focusing on quality and sustainability.

19 Jun 2026
TL;DR

Sensex falls over 900 points as Infosys and TCS slide

The Sensex dropped over 900 points as Accenture's revenue guidance cut triggered a massive IT selloff, with Infosys and TCS shares declining up to 8.5%.

19 Jun 2026
TL;DR

Sensex drops 940.26 then pares losses as Nifty tops 24,000

Sensex rebounded 350 points from its day's low, while Nifty regained levels above 24,000 amid value buying at lower levels and technical support near the 23,900-mark.

19 Jun 2026
TL;DR

Reliance Industries announces Jio Platforms IPO could be India's biggest

Mukesh Ambani revealed that Akash, Isha, and Anant Ambani will spearhead Jio Platforms' IPO process, marking a historic step for India's largest-ever public offering.

19 Jun 2026
TL;DR

Eurocommerce asks EU to exempt routine AI ads from labels

Eurocommerce, representing major retailers like Amazon and H&M, urges the EU to exclude non-misleading AI-generated ads from new transparency rules under the European Union AI Act.

19 Jun 2026
TL;DR

Mukesh Ambani urges AI self sufficiency at Reliance AGM

Mukesh Ambani emphasized AI self-reliance as a national mission, highlighting Reliance's commitment to developing indigenous AI technologies and infrastructure for India.

19 Jun 2026
TL;DR

JioHotstar hits 451 million users in FY26, India's top entertainment platform

JioHotstar achieved 451 million monthly active users in FY26, making it one of the largest entertainment platforms globally, according to Reliance Jio Chairman Akash Ambani.

19 Jun 2026
TL;DR

Bandhan Bank raises US dollar FCNR(B) rates up to 7.1%

Bandhan Bank has raised interest rates on US dollar-denominated FCNR(B) deposits to 7.1%, following the RBI's forex swap initiative to boost foreign currency inflows.

19 Jun 2026
TL;DR

Jio crosses 268 million 5G users, largest network outside China

Reliance Jio's 5G user base has surpassed 268 million, while Akash Ambani announced plans for a sovereign satellite broadband network to connect India's remotest regions.

Jio Platforms to file IPO papers today, says Mukesh Ambani

Reliance Industries Chairman and Managing Director Mukesh D. Ambani, the largest shareholder of the group, has announced the filing of the Draft Red Herring Prospectus (DRHP) for Jio Platforms' Initial Public Offering (IPO).

19 Jun 2026
TL;DR

Reliance Jio expected to become India's largest IPO, outlines plan

Reliance Jio Chairman Akash Ambani unveils a five-point growth strategy focused on 5G expansion, AI integration, and broadband access to drive India's digital transformation.

19 Jun 2026
TL;DR

Mukesh Ambani urges India to lead AI with Reliance Intelligence

Mukesh Ambani emphasized India's need to lead in AI innovation, unveiling Reliance Intelligence as a growth engine to serve consumers, enterprises, and governments.

19 Jun 2026
TL;DR

Alembic Pharmaceuticals receives tentative FDA approval for generic binimetinib 45-mg

Alembic Pharmaceuticals has received tentative USFDA approval for its generic Binimetinib tablets, potentially qualifying for 180-day exclusivity upon final approval.

19 Jun 2026
Mukesh Ambani

Reliance Industries reports record revenue and profit in FY26

Reliance Industries Limited (RIL) has reported a record high revenue and net profit for the fiscal year 2026 (FY26).

19 Jun 2026
TL;DR

Reliance Industries's Jio Platforms files IPO papers with SEBI Friday

Jio Platforms' board has approved its Draft Red Herring Prospectus (DRHP), set to be filed with SEBI today, marking a significant step toward its proposed IPO.

19 Jun 2026
TL;DR

Hyundai to buy Boston Dynamics's final 9.65% for $325 million

Hyundai Motor Group plans to purchase SoftBank's remaining 9.65% stake in Boston Dynamics for $325 million, aiming to make the robotics firm a wholly owned subsidiary.

19 Jun 2026
TL;DR

Reliance Industries posts ₹11,75,919cr revenue Mukesh Ambani calls FY26 record

Reliance Industries spent Rs 1,44,271 crore on capex in FY26, achieving record revenue of Rs 11,75,919 crore and net profit of Rs 95,754 crore despite global challenges.

19 Jun 2026
Infosys

Infosys shares plunge 9%, wiping out ₹40,000cr investor wealth

Infosys's shares plummeted by a staggering 9% on Friday, hitting a new 52-week low of ₹1,030 per share on the Bombay Stock Exchange (BSE).

19 Jun 2026
TL;DR

Kotak Mahindra Bank targets top 3 private-bank profits by 2030

Kotak Mahindra Bank aims to become India's third-most profitable private lender by 2030, leveraging AI and automation, even as workforce disruptions loom over the next few years.

19 Jun 2026
TL;DR

Bitcoin $62,700 as U.S.-Iran talks stall and Fed signals caution

Bitcoin traded near $62,700 on Friday, reflecting a 2.21 percent decline as geopolitical uncertainty and the US Federal Reserve's hawkish stance weighed on investor sentiment.

19 Jun 2026
TL;DR

Japan's Nikkei jumps 7.9% to record 71,250.06 on AI rally

Japan's Nikkei index soared 7.9% this week, marking its sharpest weekly gain since August 2024, driven by strong rallies in AI-related shares and tech sectors.

19 Jun 2026
TL;DR

Singapore-based Aleta Planet to enter India with Visa cards

Singapore-based fintech firm Aleta Planet plans to enter India, offering Visa debit card infrastructure and exclusive Sanrio-themed collectable cards to attract diverse audiences.

19 Jun 2026
TL;DR

Accenture trims revenue growth outlook, Indian IT stocks fall

Accenture's lowered revenue guidance and cautious demand outlook have sparked a sharp decline in Indian IT stocks, raising concerns about prolonged challenges for the sector.

19 Jun 2026
TL;DR

SEBI to roll out rules for gold and silver ETFs

SEBI will implement a revised framework for Gold and Silver ETFs from 1 September, introducing dynamic price bands and enhanced transparency to improve trading efficiency.

19 Jun 2026
TL;DR

Tata iPhone parts factory in Hosur, Tamil Nadu under investigation

Indian authorities are investigating contamination complaints from farmers near Tata's iPhone parts factory in Hosur, following reports of skin issues and polluted farmland.

19 Jun 2026
TL;DR

Infosys lands $325 million deals, $170 million Volvo AI modernization initiative

Infosys has secured three major contracts totaling $325 million, including a $170 million deal with Volvo Cars, focusing on AI-led transformation and IT modernization initiatives.

19 Jun 2026
TL;DR

KPMG admits leaking Optus data to staff on Telstra pitch

KPMG admitted staff leaked Optus’ confidential information during a Telstra contract bid and surveilled a whistleblower’s laptop, sparking scrutiny at a parliamentary inquiry.

19 Jun 2026
TL;DR

Analysts expect Stoxx Europe 600 to reach 640 by end-2026

Goldman Sachs and Barclays have raised their Stoxx Europe 600 forecasts, citing improved market conditions and recovery potential driven by AI and sector rotation.

19 Jun 2026
Iran

Oil prices fall as Strait of Hormuz reopens

Oil prices witnessed a decline on Friday amid the reopening of the Strait of Hormuz and an interim US-Iran deal.

19 Jun 2026
TL;DR

HFCL shares hit upper circuit after 2,666.09cr BharatNet win

HFCL shares hit a 5% upper circuit for the second session, driven by a Rs 2,666.09 crore BharatNet Phase-III contract from Rail Vikas Nigam Limited.

19 Jun 2026
US Dollars

Japanese yen nears 40-year low against US dollar

The Japanese yen has plummeted sharply against the US dollar, crossing the 161 mark and nearing a four-decade low.

19 Jun 2026
IBM

TCS overtakes Accenture as world's most valuable IT services firm

Tata Consultancy Services (TCS) has surpassed Accenture to become the world's most valuable IT services company for the first time since 2021.

19 Jun 2026
CRED

Meta in talks to invest in CRED at $4B valuation

Meta, the parent company of Facebook, is said to be in talks to invest in Indian fintech and payments start-up CRED.

19 Jun 2026
TL;DR

Amazon to discuss selling Trainium to data centers, DeSantis confirmed

Days after Amazon CEO Andy Jassy outlined ambitions to challenge Nvidia, Amazon’s AI chief Peter DeSantis revealed AWS is in talks to sell Trainium chips to third parties.

19 Jun 2026
TL;DR

UK government borrowed £23.3 billion in May amid Iran war

The UK borrowed £23.3bn in May 2026, exceeding forecasts, as rising interest costs and increased spending highlight fiscal challenges during the ongoing Middle East conflict.

19 Jun 2026
Apple

Intel shares surge 10% after Trump announces Apple chip deal

Intel's shares soared by 10% on Thursday, following President Donald Trump's announcement of a partnership between the semiconductor giant and Apple.

19 Jun 2026
TL;DR

Paras Defence stock surges 28% in 3 days to ₹1,439

Paras Defence shares surged 28% in three sessions, driven by optimism around India's expanding defence manufacturing ecosystem and robust investor confidence in the sector.

19 Jun 2026
TL;DR

Bitcoin slips near $62,500 and Ethereum drops to $1,689

Bitcoin trades near $62,500 as Federal Reserve uncertainty and weak institutional inflows weigh on sentiment, with the broader crypto market facing cautious momentum.

19 Jun 2026
TL;DR

Bengaluru based RMZ targets 250MW to 2-3GW in 5 years

Indian real estate firm RMZ plans to scale data center capacity to 2-3 gigawatts within five years, leveraging a $35 billion investment for AI factories and co-location centers.

19 Jun 2026
TL;DR

MTAR Technologies shares hit ₹8,714 as orders and profits surge

MTAR Technologies shares surged nearly 5%, reaching a fresh 52-week high, as the stock delivered an astounding 138% return over the past three months.

19 Jun 2026
TL;DR

Horizon Reclaim IPO raises ₹54.3 cr, shares jump 47%

Horizon Reclaim (India) Limited debuted on BSE SME at Rs 151 per share, a 47% premium over its IPO price of Rs 103, reflecting strong investor demand.

19 Jun 2026
Startups

Craigslist founder gives away $500M, slams billionaires leaving donation pledge

Craig Newmark, the multi-millionaire founder of online classifieds platform Craigslist, has given away about $500 million to charity since starting the company 30 years ago.

19 Jun 2026
TL;DR

Indian rupee gains 20 paise to 94.20 against US dollar

The rupee strengthened by 20 paise to 94.20 against the US dollar, driven by optimism over an India-US trade agreement and supported by softer crude oil prices.

19 Jun 2026
TL;DR

Zerodha launches India's 1st target date funds for 2036, 2041

Zerodha Fund House introduces India’s first target-date Life Cycle Funds with 2036 and 2041 maturities, offering dynamic asset allocation for long-term financial goals.

19 Jun 2026
TL;DR

India's 1st B28 bullet prototype due early 2027 in Bengaluru

BEML plans to unveil India’s first bullet train prototype by early 2027, with the B28 high-speed rail service expected to commence operations between Surat and Vapi in August 2027.

19 Jun 2026
Infosys

Sensex, Nifty plunge over 700 points as IT stocks crash

The Indian stock market witnessed a sharp decline in early trade on Friday, breaking a five-day winning streak.

19 Jun 2026
TL;DR

HDFC Bank shares slip just over 2% after ₹13 ex-dividend

HDFC Bank shares dropped over 2% on June 19 after turning ex-dividend for a Rs 13 per share payout, with the adjusted decline limited to around 0.5%.

19 Jun 2026
TL;DR

Nikita Bier invites Meta staff to join X, mention 'snacks'

As Meta grapples with low morale after layoffs and AI restructuring, rival X seizes the opportunity by recruiting engineers, even jokingly offering better snack perks.

19 Jun 2026
TL;DR

Indian Sensex drops 635.85 points as Nifty slips 170.10 points

The S&P BSE Sensex dropped 635 points, snapping a strong 5-day rally, as IT stocks faced heavy selling triggered by Accenture's weak demand outlook and Fed's hawkish stance.

19 Jun 2026
TL;DR

SpaceX to acquire Anysphere, maker of Cursor, for $60 billion

Aman Sanger, an Indian-origin entrepreneur and MIT graduate, co-founded Cursor, the AI coding startup acquired by SpaceX in a groundbreaking $60 billion deal.

19 Jun 2026
Akash Ambani

Reliance AGM today: When and where to watch live

Reliance Industries is gearing up for its 49th Annual General Meeting (AGM) today, with investors keenly awaiting updates on the company's future plans.

19 Jun 2026
TL;DR

Central unions ask Eighth Pay Commission for 5 pay hikes

Employee unions propose five financial upgradations at six-year intervals to address limited promotions and boost morale for Group B and C central government employees.

19 Jun 2026
TL;DR

India's Global Capability Centers exports reach $153bn FY25 projected $164bn

India's GCCs have witnessed a remarkable surge, with exports growing 2.4 times to $164 billion and employment doubling to 4.2 million over six years, driven by global demand.

19 Jun 2026
TL;DR

Goldman Sachs cuts 2026 gold forecast from $5,400 to $4,900

Goldman Sachs reduced its year-end gold target by $500 to $4,900 an ounce, citing delayed Federal Reserve rate cuts and potential downside risks from tighter monetary policy.

19 Jun 2026
TL;DR

Meta reportedly considers Cred acquisition or investment at $4 billion

Meta is exploring a potential investment in Indian fintech startup Cred, valuing it at $4 billion, as part of its strategy to strengthen its presence in India's payments ecosystem.

19 Jun 2026
TL;DR

Rupee opens lower at ₹94.35 as Fed stays hawkish

The rupee slipped 2 paise to 94.35 against the dollar on June 19, as the US Federal Reserve's hawkish stance bolstered the greenback despite easing crude prices.

19 Jun 2026
TL;DR

DeepSeek seeks $7.4B while demanding investors not to poach employees

DeepSeek, a Chinese AI giant, has mandated investors in its $7.4 billion funding round to refrain from poaching employees, underscoring fierce competition for top AI researchers.

19 Jun 2026
TL;DR

Moody's Fitch S&P rate SpaceX investment grade amid share decline

SpaceX secured investment-grade credit ratings with a stable outlook from Moody's, Fitch, and S&P Global, signaling confidence in its financial stability.

19 Jun 2026
Blue Origin

Trump mocked Bezos, Zuckerberg's attempts to win him, book reveals

In a new book by New York Times reporters Maggie Haberman and Jonathan Swan, it has been revealed that Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos tried to win over the US President Donald Trump after his 2024 election victory.

19 Jun 2026
TL;DR

Indian rupee opens at 94.34 per US$, Finrex expects 94.00-94.70

The Indian rupee opened steady at 94.34 against the US dollar, while Asian currencies showed mixed performance amid a strengthening Dollar Index and elevated crude oil prices.

19 Jun 2026
TL;DR

Indian client funds in Swiss banks fall to ₹36,800 cr

Indian-linked funds in Swiss banks dropped over 8% in 2025 to 3.25 billion Swiss francs, while direct deposits by Indian individuals and institutions surged more than 50%.

19 Jun 2026
TL;DR

Helios India shuns IT services over AI, backs domestic consumption

Helios India avoids IT stocks, citing AI's disruptive impact, and focuses on domestic consumption driven by favorable demographics and rising millennial aspirations.

19 Jun 2026
TL;DR

US questions ASML over alleged EUV machine transfer to China

The U.S. has expressed concerns to ASML about a potential breach of export restrictions, fearing one of its advanced chipmaking tools may have reached China, Bloomberg reports.

19 Jun 2026
TL;DR

Modi at VivaTech invites European firms, cites over $50B incentives

Prime Minister Narendra Modi, at VivaTech 2026 in Paris, highlighted India's vast talent pool and incentives, urging European businesses to collaborate on frontier technologies.

19 Jun 2026
TL;DR

Burger Motorsports pauses November 19 for 'Grand Theft Auto VI'

California-based Burger Motorsports will temporarily halt operations on November 19, 2026, as employees plan to take leave for the highly anticipated release of Grand Theft Auto 6.

19 Jun 2026
TL;DR

US dollar strength, Fed stance weigh on commodities and oil

Crude oil prices dropped as supply concerns eased, while gold and other precious metals weakened for a third week, pressured by a stronger U.S. dollar and hawkish Fed signals.

19 Jun 2026
TL;DR

Oil slips after US Vice President JD Vance warns Israel

Oil prices rose slightly as US Vice President JD Vance cautioned Israel against violating the Middle East peace deal, raising concerns over regional stability.

19 Jun 2026
TL;DR

US tells Anthropic to suspend foreign access, company pauses globally

A sudden US government directive forced Anthropic to disable its flagship AI models worldwide, disrupting businesses and exposing vulnerabilities in the global AI-reliant economy.

19 Jun 2026
TL;DR

Yen weakens to 161.205 per US dollar after BoJ hike

The yen hovered near four-decade lows despite the Bank of Japan's recent rate hike, as investor concerns and limited intervention efforts failed to stabilize the currency.

19 Jun 2026
TL;DR

SpaceX IPO makes over 4,400 millionaires as valuation hits $1.77T

Over 4,400 current and former SpaceX employees are poised to become millionaires after the company's IPO valued it at $1.77 trillion, with some earning over $100 million.

19 Jun 2026
TL;DR

US dollar climbs as traders expect Fed to raise rates

The US dollar surged as traders anticipated Federal Reserve rate hikes, bolstered by strong economic data and a hawkish policy update amid retreating oil prices.

19 Jun 2026
TL;DR

Accenture posts $18.7B revenue, trims forecast and shares fall 17%

Accenture reported $18.7 billion in Q3 revenue, narrowly missing Wall Street estimates of $18.8 billion, as slowing tech spending and geopolitical conflicts weighed on growth.

19 Jun 2026
TL;DR

Meta, Reliance build 168-megawatt Jamnagar AI facility, India's 1st large-scale

Meta is revolutionizing India's digital landscape with groundbreaking AI data centers and proprietary silicon development, spearheaded by its Bengaluru hub and Jamnagar project.

19 Jun 2026
TL;DR

Government to sell 8-10% stakes in 3 PSBs raising 13,000cr

The government plans to dilute 8-10% stakes in Punjab & Sind Bank, UCO Bank, and Indian Overseas Bank to meet Sebi's 25% minimum public shareholding norms.

19 Jun 2026
TL;DR

OpenAI expands engineering presence in India for multilingual voice assistant

OpenAI plans to expand its engineering team in India to develop a multilingual, context-aware voice AI assistant, advancing its push toward artificial general intelligence.

19 Jun 2026
TL;DR

Bin Lu says India is Schneider Electric's 3rd-largest market

India ranks as Schneider Electric's third-largest market, driven by significant sales, revenue, and growth. The country also hosts Schneider's largest global R&D hub in Bengaluru.

19 Jun 2026
TL;DR

India, US near interim FTA after Modi Trump Evian talks

Significant progress has been achieved on the India-US interim free trade agreement, with both nations in the final stages of concluding discussions, according to officials.

19 Jun 2026
TL;DR

Walmart halves Walmart Plus price to $49 before June 22

Walmart is offering its Walmart Plus membership at half price—$49 instead of $98—just in time for early access to Walmart Deals starting June 22nd.

19 Jun 2026
TL;DR

Snap spins off Dotmo to cut costs, license gaming tech

Snap is spinning off its generative AI video team into a new company, Dotmo, citing high internal costs. Dotmo will focus on creating interactive gaming experiences.

19 Jun 2026
TL;DR

Modi and Macron at VivaTech Paris showcase India's AI agenda

Prime Minister Narendra Modi emphasized India's vision of human-centric AI and announced over $50 billion in incentives to foster innovation and private enterprise.

19 Jun 2026
TL;DR

India initiates export sustainability certification to meet EU, UK rules

India has begun developing sustainability certification standards for export products to meet stricter compliance norms in markets like the EU and UK.

19 Jun 2026
TL;DR

Refurbished phones and pre owned vehicles rise amid price increases

Refurbished smartphones now account for 26% of sales, while pre-owned car sales rose 9% in FY26, as rising prices push consumers toward more affordable alternatives.

18 Jun 2026
Starbucks

Starbucks plans 50-100 new stores every year in India

Starbucks is planning to expand its footprint in India by opening 50-100 new stores every year. This was revealed by Tata Starbucks Chief Executive Officer Sushant Dash in an interview with Bloomberg Television.

18 Jun 2026
BBC

BBC to cut 550 jobs as part of cost-saving plan

The British Broadcasting Corporation (BBC) has announced plans to cut 550 jobs in its news, nations, and TV and radio content divisions.

18 Jun 2026
Meta

Meta CTO says workers' morale is near record lows

Meta's Chief Technology Officer (CTO) Andrew Bosworth has evealed that employee morale at the company is probably one of the worst it's ever been.

18 Jun 2026
Bank of Baroda

NSE IPO could turn SBI's ₹2cr bet into nearly ₹5,000cr

The State Bank of India (SBI), India's largest lender, is poised to make a massive profit from its investment in the National Stock Exchange (NSE).

18 Jun 2026
IndiGo

IndiGo launches airport cab service

IndiGo has launched a new airport transfer service called 'Cabs with IndiGo.' The innovative offering lets customers book cabs to and from airports in different Indian cities.

18 Jun 2026
Inflation

Gold, silver prices fall after US Fed holds rates steady

Gold and silver prices have witnessed a decline after the US Federal Reserve's decision to keep interest rates unchanged.

18 Jun 2026
United Kingdom

India-UK FTA starts July 15: What's getting cheaper for Indians?

India's Free Trade Agreement (FTA) with the United Kingdom will come into effect on July 15, nearly a year after it was signed.

18 Jun 2026
Bitcoin

Bitcoin price drops below $65,000

Bitcoin's price has dropped below the crucial $65,000 mark amid easing geopolitical tensions in the Middle East and a more hawkish stance from the US Federal Reserve.

18 Jun 2026
Asian Development Bank

India seeks $2.5B loans from World Bank, ADB

India is in talks with the World Bank and Asian Development Bank (ADB) to secure $2.5 billion in funding, according to Bloomberg.

Cult.fit plans ₹4,000cr IPO this month

Cult.fit, India's leading fitness services provider, is gearing up to file its draft red herring prospectus (DRHP) for an initial public offering (IPO) worth ₹3,500-4,000 crore this month, as per Moneycontrol.

18 Jun 2026
Anthropic

JPMorgan drops Anthropic's Claude from approved list in Hong Kong

JPMorgan has removed Anthropic's Claude AI models from an internal list of approved AI tools in Hong Kong, according to Financial Times.

18 Jun 2026
Donald Trump

Oil prices fall as US-Iran peace deal eases supply fears

Oil prices fell on Thursday after US President Donald Trump and his Iranian counterpart Masoud Pezeshkian signed a deal.

NSE files for ₹30,000 crore IPO

The National Stock Exchange of India (NSE), the country's largest stock exchange and a major player in global derivatives market, has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator SEBI.

18 Jun 2026
NVIDIA

How a $4B sneaker brand became an AI company

Shoe manufacturer-turned-AI infrastructure firm, Allbirds, has announced a major rebranding and executive change. The company will now be known as Smartbird.

17 Jun 2026
Reserve Bank Of India (RBI)

RBI removes interest rate cap on new FCNR(B) deposits

The Reserve Bank of India (RBI) has removed the interest rate ceiling on new three- and five-year Foreign Currency Non-Resident Bank (FCNR-B) deposits.

17 Jun 2026
India

This Indian data center company raised ₹7,000cr at ₹44,914cr valuation

CtrlS Datacenters, a leading Indian data center company, has secured a massive ₹7,000 crore investment from the Canada Pension Plan Investment Board (CPP Investments).

Why IOC, BPCL, and HPCL could each gain ₹20,000cr

India's oil marketing companies (OMCs) could see a major boost in profitability if the current trend of falling crude oil prices continues.

Manipal Hospitals plans $1B IPO in July

Manipal Health Enterprises, which runs the Manipal Hospitals chain, is planning to launch its initial public offering (IPO) as early as next month, as per the Economic Times.

17 Jun 2026
Stock Market

Blue Star, Voltas shares rally amid delayed monsoon

Shares of air conditioner manufacturers and related companies have witnessed a jump of up to 5% on Wednesday.

17 Jun 2026
Elon Musk

This 25-year-old sold his AI start-up to Musk for $60B

Michael Truell, a 25-year-old co-founder and CEO of Cursor, an AI coding start-up, has become one of the youngest self-made billionaires in the artificial intelligence era.

17 Jun 2026
Bernard Arnault

Does Louis Vuitton owner Bernard Arnault control French press?

Bernard Arnault, the billionaire owner of the world's largest luxury group LVMH, is facing criticism from journalists' unions in France for his increasing dominance over the country's business and economic press.

17 Jun 2026
xAI

Why US government wants lawsuit against xAI to be dismissed

The US Justice Department has moved to dismiss a lawsuit against Elon Musk's xAI, a company accused of operating without proper permits.

17 Jun 2026
Amazon

You can soon order electronics, jewelry, furniture on Amazon Now

Amazon is ramping up its quick-commerce operations in India by launching over 100 Urban Fulfillment Centers (UFCs).

This housing finance company is planning ₹3,000cr IPO in India

Warburg Pincus-backed TruHome Finance is gearing up for a ₹3,000 crore initial public offering (IPO), Moneycontrol reported.

Google Pay, PhonePe's combined UPI market share now below 80%

For the first time since the National Payments Corporation of India (NPCI) began publishing app-specific transaction data, PhonePe and Google Pay's combined market share has fallen below 80%.

17 Jun 2026
Air India

Air India now offers 'Basic' fare on certain domestic flights

Air India has launched a new 'Basic' fare on select domestic routes, aimed at price-conscious travelers.

17 Jun 2026
Sensex

India's stock market regains $5T valuation

The combined market capitalization of all BSE-listed companies has crossed the $5 trillion mark, hitting a six-week high.

17 Jun 2026
Vedanta

Why Vedanta Aluminium shares are down 14% in 3 days

Vedanta Aluminium, touted as the "crown jewel" of Vedanta Group, has witnessed a massive 14% decline in its shares within three days of listing.

17 Jun 2026
Amazon

SpaceX overtakes Amazon, Microsoft in market value

SpaceX briefly surpassed Microsoft in market capitalization on Tuesday, becoming the fourth-largest company in the world.

17 Jun 2026
Mukesh Ambani

Jio set to file for $4B IPO within days

Reliance Jio Infocomm is expected to file its draft papers for a $4 billion initial public offering (IPO) "within days," as per the Financial Times.

17 Jun 2026
Iran

Oil prices fall below $80 for first time since March

Oil prices have started to cool off, falling below $80 per barrel for the first time since early March.