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AI layoffs could hit hardest in 2026, says Goldman Sachs
Goldman Sachs warns of a new wave of layoffs due to AI in 2026, as companies continue to prioritize cost-cutting measures.
AI is double-checking your tax returns before refunds hit your account
As the financial year ends, taxpayers are receiving unexpected alerts from the Income Tax Department, causing confusion and delays in refunds.
Cabinet hits pause on Vodafone Idea's massive dues till 2026
The Union Cabinet has frozen Vodafone Idea Ltd's Adjusted Gross Revenue (AGR) dues for five years, providing the company with crucial financial respite.
Vi shares crash 15% as Centre's AGR relief disappoints investors
Vodafone Idea's shares have hit a 15% lower circuit today, following the Union Cabinet's approval of an adjusted gross revenue (AGR) dues package for the financially troubled telecom operator.
Indian stock markets open on New Year's Day—here's the 2026 holiday scoop
The Indian stock market will remain open for trading activities on January 1, 2026, despite global markets observing a holiday.
Abakkus Mutual Fund collects ₹2,468cr in debut fund launch
Abakkus Mutual Fund raised ₹2,468 crore in its first New Fund Offer (NFO). The fund attracted investors from nearly 5,518 pin codes across 2,000 cities.
TCS shares set for steepest drop since 2008, but profits still up
Tata Consultancy Services Ltd. (TCS) is set for its worst annual stock performance since the 2008 financial crisis, with shares down 21.4% in 2025.
Warren Buffett retires today: Tracing his illustrious investing journey
Warren Buffett, the legendary investor known as the "Oracle of Omaha," will retire from his role as CEO of Berkshire Hathaway today.
India's reinsurance market jumps 11% to ₹1.12L crore in FY25
India's reinsurance market witnessed an 11% year-on-year growth, reaching Rs 1.12 lakh crore in FY25, primarily driven by domestic business.
Gig workers' strike hits New Year's Eve deliveries across India
Gig workers from Swiggy, Zomato, and Amazon have initiated a nationwide strike demanding better working conditions and the withdrawal of the 10-minute delivery system.
Gold price nears ₹1.4L in India; silver triples in 2025
Gold prices in India approached ₹1.4 lakh per 10 grams, while silver nearly tripled, marking a record-breaking year for metals in 2025.
Missed the ITR deadline? You've got till Dec 31, 2025 to fix it
Today, December 31, is the final opportunity for taxpayers to submit belated or revised income tax returns for the assessment year 2025-26, after which penalties apply.
PAN-Aadhaar linking deadline today: How to check status online
The deadline for linking your Permanent Account Number (PAN) with Aadhaar is December 31.
Why Indian stocks are underperforming against their Asian peers
Indian equities are on track to witness their biggest underperformance against other Asian markets in nearly three decades.
Vodafone Idea shares hit 52-week high today: What's the reason?
Shares of Vodafone Idea, a struggling telecom company, rose by 2.07% to ₹12.32 today, marking a 52-week high.
How EU's carbon tax will affect Indian steel exports
The European Union (EU) will implement a carbon tax on select metals, with the payment phase starting tomorrow.
InMobi eyes $150 million pre-IPO funding before FY27 India listing
Adtech firm InMobi is in preliminary discussions to raise $100-150 million in a pre-IPO round, aiming to set valuation benchmarks before its FY27 public listing.
Buffett retires as his famous market indicator hits all-time high
As Warren Buffett retires from Berkshire Hathaway, the 'Buffett Indicator' he popularized hits a record high, signaling potential market overvaluation.
Foreign investors' equity holdings in India decline to 14-year low
Foreign investors' equity holdings in India have witnessed a decline for the first time in three years, according to data from the National Securities Depository Limited (NSDL).
Shankh Airlines starts operations in January: Check routes
India's aviation sector is set to welcome a new player with the launch of Shankh Airlines.
Indian stocks lagged as Asia and emerging markets soared in 2025
Indian equities are poised to record their worst underperformance against Asian counterparts in nearly 30 years, due to a weak rupee and significant foreign outflows.
SoftBank completes $40B investment in OpenAI
SoftBank Group has completed its massive $40 billion investment in OpenAI.
Starbucks closes over 400 US stores in major restructuring plan
Starbucks, the popular coffee chain, has closed more than 400 stores in the US as part of its $1 billion restructuring plan.
OpenAI pays record‑high packages to retain top AI talent
OpenAI has set a new record in the tech industry by offering its employees an average stock-based compensation of $1.5 million each in 2025.
India opens doors to 100% foreign investment in insurance
The Finance Ministry has notified new rules facilitating 100% foreign direct investment (FDI) in the insurance sector, removing previous residency requirements for key personnel.
Swiggy, Zomato, Zepto increase delivery incentives amid gig workers' strike
Swiggy and Zomato have increased their delivery incentives during peak hours and year-end days.
Swiggy, Zomato boost pay for delivery partners as strikes loom
Swiggy and Zomato have increased incentives for delivery workers during peak hours and year-end days amidst a nationwide gig worker strike and anticipated high order volumes.
China's factory activity expands, ending longest slump on record
China's factory activity has shown an unexpected recovery in December, ending an eight-month contraction streak—the longest on record.
Rupee slips to 89.90 as foreign investors pull out
The Indian rupee fell 15 paise to 89.90 against the U.S. dollar in early trading on Wednesday, influenced by foreign fund outflows and a subdued start in domestic equity markets.
Hindustan Copper shares dip as investors cash out gains
Hindustan Copper's shares fell nearly 3% as investors booked profits following the stock's recent surge, despite a strong global outlook for copper.
Fed cuts rates, but not everyone's on board
The US Federal Reserve's decision to cut interest rates in December was a contentious one, with several policymakers expressing uncertainty about the economic outlook.
India announces 12% steel tariff to rein in Chinese imports
India has imposed an import tariff of 11-12% on select steel products, in a bid to curb cheap imports from China.
Why your Zomato, Swiggy orders may not arrive today
A nationwide strike by gig workers is set to affect Zomato and Swiggy's food delivery services in India today.
India becomes world's 4th-largest economy, eyes Germany by 2030
India has surpassed Japan to become the world's fourth-largest economy, according to a government statement. The country's Gross Domestic Product (GDP) is now valued at $4.18 trillion.
Morgan Stanley gives MCX a boost, raises price target by 66%
Morgan Stanley has upgraded Multi Commodity Exchange of India (MCX) to 'Equalweight', raising its target price by 66% to ₹11,135, indicating a potential upside.
India's tax department uses AI to spot credit card 'money rotation'
Excessive credit card spending, especially through 'money rotation' for rewards, can attract income tax notices if not properly explained or disproportionate to declared income.
Dhara Rail Projects lists at 10% premium on NSE SME
Dhara Rail Projects makes its debut on the NSE SME platform today, with grey market trends indicating a premium of around 10% over the issue price.
Modern Diagnostic IPO: Key details at a glance
Modern Diagnostic and Research Centre's IPO opens today, aiming to raise Rs 37 crore on the BSE SME platform, with early signals indicating a 12% premium.
China's factories bounce back after months of slowdown
China's factory activity unexpectedly rebounded in December, ending an eight-month contraction streak, the longest recorded slump.
OpenAI's pre-IPO pay hits $1.5 million per employee
OpenAI is offering an unprecedented average stock-based compensation of $1.5 million per employee, outpacing all major tech startups in recent history.
Starbucks to close 430 stores in $1 billion shakeup
Starbucks has shuttered over 400 stores across the US as part of a $1 billion restructuring plan, following underperformance and failure to meet brand standards.
China plans $8.9B trade-in subsidies for gadgets, appliances, and cars starting in early 2026
China plans to inject nearly $9 billion into its consumer goods trade-in program next year, aiming to bolster domestic demand and combat external economic pressures.
Oil prices plunge nearly 20% in 2024—worst drop since 2020
Oil prices are set for their steepest annual drop since 2020 due to fears of a severe production surplus and stagnant global demand growth.
Banks push video KYC as frauds soar to ₹21,515cr
As financial frauds escalate in India, banks are promoting the adoption of video KYC for digital account opening, replacing electronic KYC methods.
Cabinet weighs relief for Vodafone Idea's massive dues
Vodafone Idea, grappling with a debt of over Rs 2 lakh crore, may receive relief from the Union Cabinet on Wednesday regarding its AGR (Adjusted Gross Revenue) dues.
Gold prices jump 77% in India, coins and bars now in demand
As gold prices reach record highs, Indian consumers are increasingly choosing to buy gold bars and coins over traditional jewellery.
Adani Group wants more flying rights to boost Indian airports
The Adani Group is urging the Indian government to grant additional flying rights to airlines, aiming to increase traffic at its eight airports.
Why diamond industry is seeking Modi government's aid
India's diamond industry is facing a major crisis due to rising tariffs in the United States.
Were funds meant for National Biopharma Mission misused?
The Comptroller and Auditor General of India (CAG) has flagged major gaps in the National Biopharma Mission (NBM).
Chipmakers in China have to use 50% local equipment
China has mandated that chipmakers use at least 50% locally made equipment for their new factories.
IndiGo slapped with ₹458cr GST demand; airline plans to contest
InterGlobe Aviation, the parent company of budget carrier IndiGo, has been served a tax order by the Additional Commissioner of CGST, Delhi South Commissionerate.
India faces worker skill crisis with 73% lacking advanced education
India's workforce is facing a major challenge, as revealed by the data presented at the recently concluded 5th National Conference of Chief Secretaries (NCS).
Defense shares fall for third day: What's behind the decline?
Shares of defense companies fell for the third consecutive day on Tuesday, with the Nifty Defense index declining by 1.5%.
From 3,903 to 730: Indian start-up closures see drastic decline
India's start-up ecosystem witnessed a major turnaround in 2025, with the number of shutdowns plummeting to around 730 from a staggering 3,903 in 2024, as per Tracxn.
SEBI cancels registration of 'research analyst' running a grocery store
In a shocking development, the Securities and Exchange Board of India (SEBI) has canceled the registration of a so-called research analyst.
Modi government mulling ₹25,000cr fund to revive stalled infra projects
The Indian government is mulling the establishment of a ₹25,000 crore risk guarantee fund for infrastructure projects.
Defense stocks rally 19% in 2025: Will the momentum continue?
Defense stocks have emerged as a major market player in India this year, with the Nifty India Defense pack surging 19%.
Nifty reshuffle: These stocks face big inflows and outflows
The Nifty indices are set for a major reshuffle today, December 30. The quarterly rebalance will affect several key indices, including the Nifty 50 and Nifty Bank.
Indian start-up funding drops 10% to $13B in 2025
Indian start-ups raised a total of $13 billion in 2025, marking a 10% decline from the $14.4 billion raised in 2024.
Air India signs new codeshare deal to boost Baltic travel
Air India has announced a new codeshare agreement with Latvia's national airline, airBaltic.
Warren Buffett retires: Top lessons revealed from his shareholder letters
Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, is set to retire at the end of 2025. He is 95.
Nifty 50 could hit 29,000 in 2026, predicts Emkay Global
The Indian stock market is poised for a strong performance in 2026, with the Nifty 50 index expected to hit the milestone of 29,000 over the next year.
WinZO's co-founder Soumya Rathore gets bail in money laundering case
Soumya Rathore, the co-founder of online gaming platform WinZO, has been granted bail by a Bengaluru court.
Eternal shares plunge to 5-month low: Here we decode why
Shares of Eternal have hit a 5-month low today.
Samsung gets US approval to ship chipmaking tools to China
Samsung Electronics has received a major annual license from the US government.
With 540% surge, this AI chipmaker is world's best-performing stock
Japanese memory chipmaker Kioxia Holdings Corp has seen its shares skyrocket by some 540% this year.
Gold slips on profit‑booking, silver extends rally on supply stress
Gold prices fell today during Asian trade, with spot gold down 0.4%.
Indian government to borrow ₹3.84L crore via treasury bills
The Indian government has announced plans to borrow ₹3.84 lakh crore through short-term treasury bills in the fourth quarter of the current fiscal year.
IndiGo hikes allowances to lift pilot morale after mass cancellations
IndiGo, India's largest airline, has announced an increase in pilot allowances. The move comes after a series of mass flight cancellations due to poor roster planning.
Silver surges 166% year-to-date: Key trends to watch in 2026
Silver has been on a remarkable run lately, outpacing even gold in terms of returns.
NVIDIA takes $5B stake in Intel
NVIDIA has acquired a stake in Intel worth $5 billion, the semiconductor giant confirmed through a filing on Monday. The transaction was first announced in September.
India, Russia considering monthly rupee-ruble exchange rate to boost trade
India and Russia are considering a semi-floating rupee-ruble exchange rate, possibly pegged on a monthly basis.
NVIDIA has bought Intel shares worth $5B
NVIDIA has acquired a $5 billion stake in Intel, as per a filing by the US semiconductor company.
Blackstone-owned company raises $200M in a pre-IPO round in India
Global private equity major Blackstone-owned Horizon Industrial Parks, a leading player in India's industrial and logistics infrastructure sector, has secured $200 million in a pre-IPO funding round.
Air India Express launches 'Pay Day Sale': Check offers, discounts
Air India Express has launched its 'PayDay Sale,' offering special fares on domestic and international routes.
How to check if your PAN was misused for loans
In India, the Permanent Account Number (PAN) card is a key identifier for financial transactions. It connects income, investments, bank accounts, and also loans to a single identity.
Modi government approves defense procurement proposals worth ₹79,000cr
The Defense Acquisition Council (DAC) has approved defense procurement proposals worth around ₹79,000 crore.
Indian aviation sector set to incur ₹18,000cr loss: Here's why
The Indian aviation industry is projected to suffer a net loss of ₹17,000-18,000 crore in the current fiscal year.
India's industrial output hits 25-month high of 6.7% in November
India's industrial production saw a significant jump in November, with the Index of Industrial Production (IIP) growing by 6.7%.
India's crude oil imports hit highest level since March
India's crude oil imports have witnessed a marginal rise of 0.2% month-on-month in November, reaching 21.06 million metric tons, the highest since March.
India to become 3rd largest economy by 2030
India is set to become the world's third-largest economy by 2030, with a projected GDP of $7.3 trillion, an official statement said on Monday.
GST, income tax, labor laws: India's biggest reforms in 2025
The National Democratic Alliance (NDA) government, led by Prime Minister Narendra Modi, has introduced a series of major reforms in 2025. These changes are aimed at strengthening the Indian economy amid global uncertainties.
India's banks turn healthier as bad loans hit multi-decade low
The Reserve Bank of India (RBI) has reported a major improvement in the asset quality of Indian banks.
From drones to AI, Adani plans ₹1.8L crore defense push
The Adani Group has announced a massive investment of ₹1.8 lakh crore in defense manufacturing for the next year.
Infosys to hire fewer freshers as AI disrupts IT sector
Infosys, India's second-largest software services provider, has hinted at a possible reduction in the hiring of fresh graduates.
Silver prices crash ₹21,000: Should you hold or book profits?
Silver prices have witnessed a major crash, falling by ₹21,000 per kilogram on the Multi Commodity Exchange (MCX).
Apple challenges UK's $2B antitrust fine
Apple has filed an appeal against a major antitrust lawsuit in the UK, as reported by The Guardian.
Indian companies will spend ₹20,000cr to comply with DPDP rules
Indian businesses are tipped to spend nearly ₹20,000 crore in the first year of complying with the Digital Personal Data Protection (DPDP) Act.
SEBI might soon make company acquisitions easier in India
The Securities and Exchange Board of India (SEBI) is considering a major change in its takeover regulations.
Australia won't impose tariffs on Indian exports from next year
The India-Australia Economic Cooperation and Trade Agreement (ECTA) came into force in December 2022. Under this deal, Australia has agreed to eliminate tariffs on all Indian exports starting January 1, 2026.
When will IndiGo flyers receive their missing luggage?
Passengers traveling with IndiGo have taken to social media to complain about missing luggage, further complicating their travel experience.
Coupang announces $1.2B compensation for users hit by data leak
South Korean e-commerce giant Coupang has announced a compensation package worth ₩1.69 trillion (nearly $1.18 billion) to 33.7 million account holders affected by a massive data leak.
8th Pay Commission effective from January 1: What to expect
The Union Cabinet has approved the implementation of the 8th Pay Commission from January 1, 2026.
InMobi's Naveen Tewari leads ₹100cr alumni donation to IIT Kanpur
The Millennium Batch of 2000 alumni from the Indian Institute of Technology (IIT) Kanpur has pledged a record ₹100 crore donation to their alma mater.
India's blue-collar workers are now filling Russia's labor shortage
India's blue-collar workforce is increasingly heading to Russia, with a surge in demand for skilled welders, tailors, carpenters, and steel fixers.
India's new home sales drop 14%, second consecutive annual decline
India's real estate market, valued at $500 billion, witnessed a second consecutive annual decline in new home sales volume in 2025.