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Meta parts ways with Virtue AI citing working style differences
Meta has let go of Virtue AI co-founders and employees just four months after hiring them, citing differences in working styles, confirmed spokesperson Andy Stone.
Bitcoin passes $86,000, nears 8-month peak after US jobs data
Bitcoin surged to nearly $87,000, approaching an eight-month high, before reversing to just under $86,000 amid expectations of lower U.S. interest rates and global stock gains.
India's IT slows while Centrum sees $300-400bn AI services market
India's IT sector faces muted Q2 performance, but AI-related deals are expected to drive medium-term growth, with the market potentially reaching USD 300-400 billion by 2030.
BOJ deputy Uchida says AI boom lifts demand, warns markets
The Bank of Japan notes that the global AI boom has eased financial conditions by boosting demand and asset prices, but warns of potential market risks if profits fall short.
Bond yields slip, Brent tops $101 and US jobs miss
The benchmark 10-year bond yield fell to 7.206 percent, influenced by a drop in Brent crude prices and reduced expectations of a Fed rate hike following weak US jobs data.
Sensex climbs 476 points as banks and metals lead gains
The domestic equity markets opened higher on October 5, 2026, with the Sensex rising 476 points and the Nifty surpassing 22,500, led by gains in PSU banks and metal stocks.
India's monsoon shortfall 12.6% hurts rural demand, 100-110cc down 3.2%
India's weak monsoon is impacting rural consumption, affecting entry-level motorcycles, FMCG products, and consumer appliances ahead of the festive season.
Indian markets open higher, Sensex up 413, Nifty above 22,500
The Indian stock market saw a positive start today, with Sensex rising by 413 points, despite ongoing tensions in the Middle East affecting global markets.
Runwal Enterprises lists on BSE and NSE after ₹500cr IPO
Runwal Enterprises shares are set to debut on the BSE and NSE with a zero grey market premium, indicating expectations of a flat listing around the IPO price of Rs 305.
Sensex and Nifty surge, snap 25-year weekly losing streak
Sensex and Nifty opened higher on Monday, ending their longest weekly losing streak in 25 years, aided by easing US monetary concerns and a drop in oil prices.
Japan's Nikkei jumps 2.53% to 3-month high on AI gains
Japan's Nikkei index surged over 2.5% to surpass 70,000 for the first time in three months, driven by gains in chip-related and AI stocks.
Japan 30-year bond yield hits 4.235% before Sanae Takaichi speech
Japan's 30-year government bond yield surged to a historic 4.235% as investors awaited Prime Minister Sanae Takaichi's address, amid concerns over her spending agenda.
Indian rupee opens stronger at 96.22 as oil falls
The Indian rupee strengthened to 96.22 per dollar, supported by softer oil prices and reduced expectations of an October Federal Reserve rate hike.
Indian markets to open higher Monday as GIFT Nifty jumps
GIFT Nifty rose by 131 points to 22,622.5, indicating a positive start for Indian markets, driven by gains in Asian equities and softer US employment data.
Anthropic may market IPO week of Nov 9, targets $1.8-$2T
Anthropic plans a November IPO, targeting a $2 trillion valuation, while its filing highlights potential existential risks posed by advanced AI technology.
Orient Cables debuts on BSE and NSE after ₹552cr IPO
Orient Cables shares are listing today on BSE and NSE, with a grey market premium indicating a 45% premium over the issue price.
G-7 release helps oil prices ease amid Middle East tensions
Crude oil prices fell to $101 as increased Middle Eastern exports and planned releases by the Group of Seven nations added supply, despite ongoing Iran war tensions.
HDFC Bank names Anup Bagchi MD, CEO for 3 years
HDFC Bank, under new MD & CEO Anup Bagchi, plans a three-pronged strategy focusing on brand rebuilding, balance sheet optimization, and future readiness to enhance performance.
Gold rises after weak US jobs, investors expect no hike
Gold prices rose in early Asia trading on Monday, driven by weak US job growth data that reduced the likelihood of an October Federal Reserve rate hike.
Saudi Arabia cuts Arab Light Asia price with $5/bbl discount
Saudi Arabia has reduced the price of its Arab Light crude for Asian buyers to the lowest level in six years, amid increased flows through the Strait of Hormuz.
India posts highest private investment growth in over 3 years
Private investment in India is experiencing a strong revival, with capital formation in the first quarter growing at its fastest pace in over three years.
Sankaran Naren urges diversification as AI cools, India benefits
Sankaran Naren suggests that when the AI-led growth slows, India may experience renewed investor interest due to its strong domestic growth prospects.
Asian stocks rise after US jobs data eases Fed fears
Asian stocks climbed following softer US jobs data, reducing pressure on the Federal Reserve to raise interest rates, while Brent crude prices increased amid geopolitical tensions.
Accenture shares surge boosts confidence in Indian IT and AI
Accenture's strong financial performance boosts investor confidence, suggesting potential recovery in the Indian IT sector amid AI-driven challenges.
Accenture cuts shareholder returns to at least $9.5B, prioritizes acquisitions
Accenture plans to reduce shareholder returns this fiscal year, allocating more funds towards acquisitions, with a record $8 billion earmarked for strategic growth opportunities.
AM Intelligence backed by Greenko founders orders 20,000 NVIDIA GPUs
AM Intelligence, backed by Greenko founders, has placed a $4 billion order for 20,000 Nvidia Rubin GPUs to establish a 70MW capacity amid global chip shortages.
Ethiopian Airlines orders 10 Boeing freighters: 8 777-8s, 2 777s
Ethiopian Airlines has ordered eight 777-8 freighters and two 777 freighters, enhancing its fleet with the advanced capabilities of Boeing's next-generation aircraft.
Equip reports 65% of its AI hires are nontech roles
AI-powered recruitment is now mainstream, extending its reach from tech to non-tech sectors like manufacturing and retail, driven by dynamic assessment capabilities.
Tata Electronics to launch Assam semiconductor assembly plant December 2026
Tata Electronics' semiconductor assembly facility in Assam is set to begin operations by December, supported by a diversified supply chain that excludes China-based suppliers.
David Beckham's DRJB reports £84 million and nearly £50 million pre-tax profit
David Beckham's business empire generated £84 million in revenue and nearly £50 million in pre-tax profit in 2025, leveraging his name as a commercial asset.
AWS CEO Matt Garman defends AI centers amid 100+ moratoriums
Amazon Web Services CEO Matt Garman urged communities to support data centers, despite widespread opposition and concerns over environmental impact and rising energy costs.
India launched revamped GST September 2025 to simplify taxes
Next-generation GST, introduced under PM Modi's vision, aims to simplify compliance and rationalize rates, fostering enterprise growth across India.
Anthropic launches Claude Corps fellowship for US nonprofits, paying $85,000
Anthropic's Claude Corps program offers 1,000 early-career professionals a $85,000 salary to apply AI to nonprofit missions. Applications are due by July 17 for the October cohort.
IBM and Red Hat launch $5B Project Lightwell securing open-source
IBM and Red Hat are investing $5 billion and deploying 20,000 engineers to enhance open-source software security through their new AI-powered initiative, Project Lightwell.
Upwork reports 109% increase in AI skills demand last year
Demand for AI-related skills grew by over 100% in 2025, according to Upwork, as businesses increasingly seek professionals to integrate AI tools into existing workflows.
Titan Nykaa and Amazon shift focus to smaller Indian towns
Consumer brands are increasingly targeting tier-2 and smaller cities for festive growth, as urban consumption weakens and demand rises in these emerging markets.
Will RBI hike repo rate on October 7?
The Reserve Bank of India's (RBI) six-member Monetary Policy Committee (MPC) will meet from October 5 to 7.
India, Canada to begin 5th round of CEPA talks tomorrow
India and Canada will start the fifth round of negotiations for their proposed Comprehensive Economic Partnership Agreement (CEPA) in Ottawa from tomorrow.
Lockheed Martin might expand Indian operations but there's a catch
Lockheed Martin, the aerospace giant, has expressed its intention to expand production capabilities in India.
Nestle's low-fat dairy whitener is 'unsafe' and 'substandard': FSSAI
The Food Safety and Standards Authority of India (FSSAI) has flagged a sample of Nestle's low-fat dairy whitener as "unsafe" and "substandard."
How Canon plans to help chip manufacturers in India
Japanese imaging and optical major Canon is planning to establish technology and service centers in India.
AWS won't use NDAs while dealing with government agencies anymore
Amazon Web Services (AWS) CEO Matt Garman has announced that the company will no longer use nondisclosure agreements (NDAs) in its negotiations with government agencies for new data centers.
IPO-bound Nscale appoints Meta veteran as operations chief
Nscale, an artificial intelligence (AI) infrastructure firm, has appointed Justin Osofsky as its new Chief Operating Officer (COO).
Foreign investors pull out ₹35,000cr from Indian equities in September
Foreign portfolio investors (FPIs) have pulled out over ₹35,000 crore from Indian equities in September.
Nayara Energy hikes petrol price by ₹5, diesel by ₹3
India's leading private fuel retailer, Nayara Energy, has announced a hike in the prices of petrol and diesel.
Jio Platforms IPO may launch on October 21
Jio Platforms, the digital arm of Reliance Industries, is gearing up for its much-anticipated initial public offering (IPO).
AI valuation correction may redirect more capital toward India: RBI
Sanjay Malhotra, the Reserve Bank of India (RBI) governor, has warned that a slowdown in the global artificial intelligence (AI) investment cycle could lead to sharp asset repricing and volatility in financial markets.
ICICI Life Insurance appoints new CEO
ICICI Life Insurance Company has announced the appointment of Sidharatha Mishra as its new Managing Director and Chief Executive Officer (CEO).
UPI transactions soar to 145B in H1 FY27
The National Payments Corporation of India (NPCI) has reported a massive jump in Unified Payments Interface (UPI) transactions.
OpenAI's head of safety systems resigns
David Robinson, the head of Safety Systems at OpenAI, has resigned from his position.
Jensen Huang becomes world's 7th-richest person as NVIDIA hits record-high
Jensen Huang, the co-founder and CEO of NVIDIA Corp. has seen his net worth surpass the $200 billion mark.
NVIDIA nears historic $6 trillion market valuation milestone
NVIDIA Corporation's shares reached an intraday high for the first time since May, before paring those gains and closing just shy of a record.
Paramount-Warner Bros. Discovery merger to create Skydance
Paramount and Warner Bros. Discovery will operate as Skydance after their merger is finalized, Paramount CEO David Ellison has announced.
Eurozone inflation jumps to 3-year high
Eurozone's inflation rate has hit a three-year high of 3.8% in September, sharply rising from August's 3.2%.
Boeing averts strike as workers approve 32% pay hike
Boeing has successfully averted a potential labor disruption after its unionized white-collar workers ratified a new contract.
Oil falls as Europe considers releasing emergency diesel stocks
Oil prices witnessed a sharp decline on Friday morning, extending losses from earlier in the session.
Bitcoin crosses $86,000 mark
Bitcoin's price has surged past the $86,000 mark, marking a three-week-long recovery.
Trade measures against forced labor must be evidence-based: Piyush Goyal
India has called for trade measures against goods produced using forced labor to be backed by specific and verifiable evidence.
Sensex hits 52-week low: Why India's market rout is deepening
The Indian stock market is witnessing a major downturn, with the Sensex hitting a 52-week low of 71,293 on Thursday. This is lower than levels seen when crude prices had surged past $120 a barrel.
Adani Group to invest over ₹6 lakh crore in Maharashtra
The Adani Group has announced a massive investment plan of over ₹6 lakh crore in Maharashtra.
Nike's market value has plunged $230B from its peak
Nike's shares crashed by a staggering 8.5% in after-hours trading on Thursday to $32.20. The fall was triggered by the company's disappointing fiscal first-quarter results and an even bleaker outlook for the future.
FAA to hold safety review over Boeing 737 MAX software
The US Federal Aviation Administration (FAA) will hold a safety review on Friday over a software issue affecting Boeing's 737 MAX aircraft.
Broadcom seeks $60B financing to support Anthropic, other AI firms
Broadcom Inc. is reportedly seeking $60 billion in new financing for artificial intelligence (AI) chips.
New Mexico seeks $40B penalty against Meta over privacy violations
New Mexico has demanded that a judge impose penalties of between $35 billion and $40 billion on Meta Platforms.
US-India trade deal not 'imminent': US trade chief
The United States and India are still working on the details of a long-awaited trade agreement, US Trade Representative Jamieson Greer said on Thursday.
Musk warns Delta CEO over choosing Amazon's Leo over Starlink
Elon Musk has expressed his displeasure at Delta Air Lines for opting Amazon's Leo over SpaceX's Starlink for in-flight Wi-Fi.
Microsoft's Office and Teams chief departs
Ryan Roslansky, the former CEO of LinkedIn and current head of Microsoft Office and Teams, is leaving the tech giant.
Who is Anup Bagchi, HDFC Bank's new CEO?
HDFC Bank, India's leading private lender, has appointed Anup Bagchi as its new Managing Director and Chief Executive Officer (CEO) for a three-year term.
These BSNL plans now come with free insurance
Bharat Sanchar Nigam Limited (BSNL) has introduced free insurance benefits with two prepaid plans.
Oil prices surge over 2% as China halts fuel exports
Oil prices surged by over 2% on Thursday, with Brent crude crossing the $100 per barrel mark.
India's GST collections cross ₹2 lakh crore in September
India's gross Goods and Services Tax (GST) collection for September stood at ₹2,03,521 crore, a year-on-year increase of 14.7%.
Airtel Money sets IPO price, targets $7B valuation
Airtel Africa's mobile payments business, Airtel Money, has announced the price for its upcoming initial public offering (IPO) in London.
Nifty suffers longest losing streak in 25 years
India's benchmark index, the Nifty50, is on its longest losing streak in 25 years.
California bans AI from making layoff decisions
California has passed a groundbreaking law, the 'No Robo Bosses Act,' that prohibits employers from using artificial intelligence (AI) as the sole basis for firing or disciplining employees.
UPI crosses 800M daily transactions for first time
India's Unified Payments Interface (UPI) has hit a major milestone, processing 24.07 billion transactions worth ₹29.37 lakh crore in September.
Paramount names Ynon Kreiz co-CEO ahead of Warner merger
Paramount has announced the appointment of Ynon Kreiz as its new co-CEO, ahead of the completion of its $110 billion merger with Warner Bros. Discovery.
India's manufacturing sector rebounds in September
India's manufacturing sector witnessed a growth spurt in September, ending a three-month-long slowdown.
AI voice start-up ElevenLabs hits $22B valuation
AI voice start-up ElevenLabs has announced a major milestone in its growth journey. The company is letting employees cash out a part of their vested equity at a whopping $22 billion valuation.
Who is Anup Saha, Kotak Bank's new MD and CEO?
Kotak Mahindra Bank has announced the appointment of Anup Kumar Saha as its new Managing Director and Chief Executive Officer (CEO).
US stocks rise as softer inflation cools Fed hike fears
US stocks have witnessed a surge, reversing the September decline in the S&P 500 index.
Noel vs Srinivasan: What's happening at Tata Trusts?
Noel Tata, the chairman of Tata Trusts, and his son Neville have filed multiple caveats with the Maharashtra charity commissioner.
Moneyview lists at 62% premium: Should you hold or sell?
Moneyview, a prominent player in the financial technology sector, has made its debut on the National Stock Exchange(NSE) with a bang.
Gautam Adani overtakes Mukesh Ambani to become India's richest
Gautam Adani has reclaimed the title of India's richest person, according to Forbes' 2026 list.
Commercial LPG cylinders get costlier by up to ₹71.5
The price of the 19kg commercial LPG cylinder has been hiked from today. The increase varies across cities, with Delhi seeing a hike of ₹62.50, taking the total cost to ₹2,810.
Coca-Cola might file for $1B India IPO in December
Coca-Cola is said to be planning an initial public offering (IPO) of its Indian bottling unit, Hindustan Coca-Cola Beverages.
Why Hotmail founder Sabeer Bhatia wants 55% inheritance-tax in India
Sabeer Bhatia, the co-founder of Hotmail, has sparked a fresh debate over inheritance tax in India.
Why employee morale at Flipkart is down
Flipkart, the Walmart-owned e-commerce giant, is facing a major leadership crisis as several top executives have resigned in recent months.
FSSAI suspends license of Seven Seas Hospitality over hygiene violations
The Food Safety and Standards Authority of India (FSSAI) has suspended the license of Seven Seas Hospitality Pvt Ltd for serious hygiene and sanitation violations.
This IT services provider is planning $7B IPO in India
EQT AB-owned Virtusa is considering an initial public offering (IPO) in India, which could value the company at $7 billion.
DoorDash to create 3,000 jobs in India by 2028
Food delivery giant DoorDash has announced plans to create 3,000 jobs in India over the next two years.
OpenAI seeks $30B at $1.4T valuation ahead of IPO
OpenAI is reportedly in talks to raise at least $30 billion in a pre-IPO funding round.
This renewable energy firm has filed for ₹10,000cr IPO
Inox Clean Energy, part of the INOXGFL Group, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for a ₹10,000 crore initial public offering (IPO).
Why Tesla has lined up credit backup worth $30B
Tesla has secured $30 billion in new credit lines to help scale its upcoming products, including the Cybercab robotaxi and Optimus robot.
China's manufacturing sector returns to growth in September
China's manufacturing sector has shown signs of recovery in September, according to an official survey.