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Amazon to offer 30-minute grocery delivery in Manchester and Birmingham
Amazon is extending its ultra-fast delivery service, Amazon Now, to Manchester and Birmingham, while introducing same-day fresh groceries delivery in parts of London.
T-Mobile opens Hyderabad global capability center, plans 1,000 hires
T-Mobile has inaugurated its global capability center in Hyderabad, India, focusing on software engineering and cybersecurity, with plans to hire nearly 1,000 employees by 2027.
Nykaa partners with Rare Beauty to expand India availability
Nykaa has added Selena Gomez's Rare Beauty to its premium portfolio, offering the brand's cult-favorite products online and in 30 stores across India.
Ray Dalio warns AI hype may be a financial bubble
Billionaire investor Ray Dalio cautions that the AI boom resembles past speculative bubbles, highlighting inflated valuations despite the technology's transformative potential.
BharatPe and YES Bank launch BharatPe Flex pay-later UPI service
BharatPe and YES Bank introduce BharatPe Flex, enabling users to make UPI payments with a pre-approved credit line, offering up to 45 days of interest-free repayment.
GIFT Nifty up 0.33% as Brent falls after Israel-Lebanon ceasefire
GIFT Nifty climbed 0.3% on June 4 evening as Brent crude prices fell over 3% to $94.49, driven by a ceasefire deal boosting hopes for regional stability.
India GDP growth seen easing to 7.1-7.2% in Q4 FY26
India's Q4 FY26 GDP growth is projected at 7.1-7.2%, down from 7.8% in the previous quarter, with full-year growth estimated at 7.4%, economists report.
SoftBank slides 11%, biggest drop in months
SoftBank Group Corp's shares have taken a major hit, falling over 11% on Thursday.
Recruitment firms in India record 54% hiring jump: Naukri JobSpeak
India's recruitment industry saw a 54% year-on-year hiring growth in May 2026, topping all sectors and signaling broader job market expansion across white-collar industries.
India weighs budget cuts as rising oil boosts subsidy costs
India's government is exploring budget cuts as rising oil prices inflate subsidy costs, threatening fiscal targets and complicating economic stability amidst global uncertainties.
Disneyland Paris best international outpost has not recouped $4.2 billion
Disneyland Paris, despite being Disney's top international resort with 16 million annual visitors, has yet to recoup its $4.2bn investment after 34 years of operation.
Arm Holdings adds $218 billion ADRs exceed 175x next-year earnings
Arm Holdings’ ADRs skyrocketed 277% in 2026, driven by plans to design its own chips. Now valued at over 175 times projected earnings, it ranks among the market's priciest stocks.
Indian markets inch up as 7-day losing streak ends
Indian markets closed flat as U.S.-Iran tensions and inflation concerns weighed on sentiment, with Sensex rising 14 points and Nifty gaining 11 points after a weak opening.
Indian rupee closed at 95.79, 2nd day of losses
The Indian rupee closed at 95.78 per USD on Thursday, extending its two-day decline as markets await the Reserve Bank of India's crucial monetary policy decision on Friday.
Meesho says PRISM drives over 75% of platform orders
Meesho's AI system PRISM now drives over 75% of platform orders, leveraging advanced ranking models and BharatMLStack to cater to India's next wave of online shoppers.
MS Dhoni-backed Kuku files for ₹3,500cr IPO
Kuku Technologies Ltd, which operates popular vernacular audio platform Kuku FM and short-video streaming app Kuku TV, has filed confidential draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
Amazon unveils Proteus and €10 billion European logistics upgrade
Amazon has introduced its next-gen Proteus warehouse robot and announced a €10 billion investment in Europe, aiming to modernise logistics and create 25,000 jobs.
SoftBank nets 7x on Lenskart, sells 3.25% for ₹2,873cr
SoftBank secured approximately 7x returns by selling a partial stake in Lenskart, solidifying the eyewear retailer as one of its most successful Indian investments.
Amazon launches Amazon Now 30 minutes delivery in Manchester, Birmingham
Amazon is extending its 30-minute delivery service, Amazon Now, to Manchester and Birmingham, while planning a massive rollout to 100 cities in India.
PFRDA launches regulatory sandbox to safely test pension sector innovations
PFRDA introduces a regulatory sandbox to test innovative pension products and services, fostering innovation while ensuring subscriber protection and regulatory compliance.
Foxconn and Intel partner to build scalable AI server racks
Foxconn and Intel are collaborating to create advanced AI infrastructure, focusing on scalable data-center solutions and innovative technologies for modern computing challenges.
Why India may cut tax on foreign bond investors
The Indian government is considering removing or slashing the 20% withholding tax on interest income from government bonds for foreign investors.
Multi-asset mutual funds increase REITs and InvITs allocations for income
Mutual funds are boosting exposure to REITs and InvITs for diversification and stable income, as these instruments offer returns less correlated with equity markets.
Bernstein: India data center capacity may reach 8GW by 2030
India's data centre capacity could reach the upper end of the projected 5-8 GW range by 2030, up from 1.5 GW currently, with Adani and Reliance leading growth.
Tata Group's BigBasket promotes Seshu Kumar Tirumala to COO
bigbasket has promoted Seshu Kumar Tirumala to Chief Operating Officer, entrusting him with leading operations and driving execution to strengthen its quick commerce business.
Meta appoints former Epic Games executive to lead metaverse projects
Meta's Reality Labs, the division responsible for its metaverse products, has seen a major leadership change.
Tata Communications shares climb 2% after AI study, 25% rise
Tata Communications stock surged 2%, continuing its 25% monthly rise. A global study highlights infrastructure and talent gaps as key barriers to scaling AI in enterprises.
US Department of Defense signs contract for autonomous hybrid-electric trucks
The US Army is funding development of hybrid-electric, autonomous robotic trucks to enhance battlefield logistics and reduce soldier fatigue during combat operations.
Infosys, Cognizant, HCLTech, Hexaware partner with Indian GCCs for AI
Indian IT giants are leveraging Global Capability Centres (GCCs) to co-develop agentic AI solutions, tapping into a $12-15 billion addressable market by 2026.
Ajay Srivastava says US economy resilient, urges India reforms
Ajay Srivastava highlights the U.S. economy's robust performance, urging India to accelerate economic reforms and embrace AI adoption for global competitiveness.
Goldman Sachs raises 12-month MSCI Emerging Markets target to 2,000
Goldman Sachs raised its MSCI Emerging Markets index target to 2,000, citing AI-driven earnings growth, while highlighting potential forex and bond relief from an Iran deal.
Gold and silver rise in India as gold reaches ₹1.59L
Gold and silver prices rose sharply in India, driven by global market strength, geopolitical uncertainties, and increased investor demand for safe-haven assets.
SoftBank shares fall 11.3% as global tech stocks slide
SoftBank shares plunged over 11% on June 4, marking their steepest drop in months, as global tech stocks faced a sell-off and investor caution grew around AI-driven valuations.
Meesho drops over 4% 8th straight day market cap 77,088cr
Shares of Meesho Ltd. fell over 4% on June 4, marking their eighth consecutive session of losses and the longest losing streak in the company's history.
India's largest 20,000 cr military drone order lifts manufacturers' shares
Shares of Zen Technologies rose nearly 9%, while ideaForge hit its upper circuit, as India plans a Rs 20,000 crore military drone procurement to boost domestic manufacturing.
Government selects 6 firms including TCS, NEC India for AI
The Ministry of Electronics and IT has empaneled six companies, including TCS and NEC India, to provide AI/ML services for central ministries and departments over two years.
FIIs continue financial stock selloff, offload ₹23,141cr in May
Foreign institutional investors (FIIs) have continued their selling spree in Indian financial services stocks for the third consecutive month. In May, they offloaded shares worth ₹23,141 crore.
Piyush Goyal predicts India fastest-growing economy over next 2 decades
Union Minister Piyush Goyal stated that India will remain the world's fastest-growing economy for the next 20 years, driven by resilience and global investment appeal.
T-Mobile launches 250,000 square feet Global Technology Center in Hyderabad
T-Mobile US has launched a 2.5 lakh sq ft Global Technology Centre in Hyderabad, focusing on innovation in software engineering, data analytics, and cybersecurity.
Jensen Huang returns to South Korea to highlight AI ties
Nvidia CEO Jensen Huang visits South Korea, engaging in high-profile activities like a TV talk show and baseball pitch, highlighting the nation's pivotal role in AI and robotics.
Why Trent shares suddenly dropped 33% today
Shares of Tata Group's retail venture, Trent Ltd., witnessed a steep decline of over 33% today. The drop came after the company's stock traded ex-bonus for its recently announced bonus issue.
Tamil Nadu signs ₹18,600cr L&T deal to create 8,200 jobs
The Tamil Nadu government signed an ₹18,600-crore MoU with Larsen & Toubro to implement three projects, generating 8,200 jobs and boosting the State’s industrial growth.
Tata's Tejas Networks stock jumps nearly 10% on AI-driven demand
Tejas Networks shares surged 9% amid optimism over AI-led communication infrastructure upgrades, driven by management's confidence in multi-year growth prospects.
Morgan Stanley offers select clients AI agents for stock administration
Morgan Stanley is enabling clients to use AI agents for direct interaction with its platforms, signaling a shift toward agentic software managing financial tasks and workflows.
IME Capital's Ashi Anand shifts 10% into supply-chains, GLP-1, consumer
IME Capital CEO Ashi Anand focuses on AI-linked capital goods firms while reducing exposure to IT and real estate, citing geopolitical risks and market caution.
Bitcoin drops to $61,322 as investors sell for IPOs
Bitcoin plunged to its lowest in four months as investors reallocated capital toward blockbuster IPOs like SpaceX, OpenAI, and Anthropic, draining liquidity from the crypto market.
Nayara Energy completes Vadinar Gujarat refinery maintenance, keeps fuel flowing
Nayara Energy has concluded the scheduled maintenance of its Vadinar refinery, ensuring uninterrupted fuel supplies while enhancing safety, efficiency, and operational reliability.
Indian Railways JEs and SSEs demand fairer promotions, ₹52,600 pay
The Indian Railways Technical Supervisors Association (IRTSA) has urged the 8th Pay Commission to revise minimum pay to ₹52,600 and adopt a fitment factor of up to 3.80.
SpaceX secures tax incentives for $119B Grimes County chip campus
SpaceX has obtained tax incentives for its $119 billion semiconductor project in Texas, despite strong local opposition over environmental and infrastructure concerns.
Quick-commerce start-up FirstClub doubles valuation to $255M
FirstClub, a Bengaluru-based start-up, has raised $55 million in a Series B funding round led by Peak XV Partners and Sofina.
India to seal 2 or 3 FTAs by December
India is set to operationalize 2-3 substantive free trade agreements within six months, with an additional 3-4 significant pacts expected over the next year.
Air India and Riyadh Air sign single-ticket India Saudi flights
Air India and Riyadh Air have signed an MoU to improve air connectivity between India and Saudi Arabia, enabling seamless travel through codeshare and interline agreements.
Indian government plans rules to standardize edible oil pack sizes
The Indian government plans to introduce standardized edible oil pack sizes, aiming to enhance price transparency for consumers and promote fair competition among manufacturers.
Ritesh Agarwal says US has become Oyo's biggest market
Indian corporations are set to emerge as major brand owners in the US, with Oyo's Ritesh Agarwal emphasizing India's growing influence beyond Bollywood and IT.
IdeaForge stock rises 5% after board approves ₹500cr plan
IdeaForge shares jumped 5% after its board approved raising ₹500 crore through various routes. The stock has nearly doubled in 2026, driven by strong defence sector growth.
Gulf storage falls as 710,000 bpd transit Strait of Hormuz
Oil shipments through the Strait of Hormuz are quietly increasing as tankers adopt stealth tactics, but the opaque trading environment leaves markets struggling for clarity.
Reliance Industries sets June 5 cutoff for ₹6 FY26 dividend
Reliance Industries has set June 5 as the record date for its ₹6 per share final dividend for FY26, making June 4 the last day to buy shares and qualify.
Dallas Fed President Lorie Logan warns Fed may raise rates
Dallas Fed President Lorie Logan warns current monetary policy may be too accommodative, as inflation remains above the 2% target, raising prospects of further rate hikes.
Happiest Minds sees beating 12.5% growth next year, targets 15%
Happiest Minds anticipates surpassing its FY27 revenue growth target if Generative AI pilots transition into larger deployments and key deals in its pipeline materialize.
India's money market hits ₹5.5 trillion as credit outpaces deposits
India's money-market turnover soared to a record 5.5 trillion rupees as state-owned banks ramped up borrowing to meet surging credit demand, outpacing deposit growth for months.
Manav Garg joins AI startup Emergent as executive chairman
Manav Garg, founder of Together Fund, has taken on an executive role at AI startup Emergent, marking his return to operations to drive innovation in the next wave of AI.
PhysicsWallah shifts loans away from FinZ to NBFCs, shares jump
PhysicsWallah has abandoned direct student lending via FinZ Finance, opting instead to collaborate with regulated NBFCs to reduce credit risks and enhance scalability.
TSMC CEO C.C. Wei warns AI chip demand exceeds supply
TSMC CEO C.C. Wei revealed that global AI-driven chip demand will outpace supply for years, despite the company’s efforts to expand manufacturing capacity in the US.
Michael Burry says Anthropic's $965B valuation likely unsustainable long term
Michael Burry, famed for predicting the 2008 crash, slammed Anthropic's $965 billion valuation, calling its AI model business unsustainable and overpriced.
PhysicsWallah shares jump 14% to ₹104.89 after NBFC partnerships
PhysicsWallah shares jumped 14% after announcing partnerships with leading NBFCs for student financing, aiming to reduce credit risks and enhance affordability.
Hero MotoCorp unveils Splendor+ and HF Deluxe Flex Fuel
Hero MotoCorp shares rose nearly 3% after unveiling two flex-fuel motorcycles, Splendor+ Flex Fuel and HF Deluxe Flex Fuel, compatible with E20-E85 fuel blends.
IKEA opens development center in India, its 4th globally
IKEA, the world's largest furniture and home products retailer, has opened a new product development center in India.
Uber lays off 23% of its HR workforce
Uber has announced a major restructuring in its People and Places division, resulting in a significant workforce reduction.
25% of Rajesh Exports is owned by LIC, foreign investors
The Life Insurance Corporation of India (LIC), the country's largest institutional investor and policyholder trust, owns some 10.8% of Rajesh Exports.
Jammu and Kashmir Bank wins gold for data insights platform
J&K Bank secured the Gold award at the Finacle Innovation Awards 2026 for its advanced Data Insights and Analytics Platform, showcasing excellence in AI-driven banking innovation.
Jamie Dimon to host SpaceX IPO chat for 2,500 clients
JPMorgan CEO Jamie Dimon will host a nationwide event with SpaceX executives, targeting over 2,500 high-net-worth clients ahead of the rocket maker's historic IPO.
Uber cuts 23% of people and places jobs to streamline
Uber has cut 23% of its People and Places division, citing operational simplification under President Jill Hazelbaker, while dismissing AI as a factor behind the layoffs.
Bitcoin fell to $61,500 rebounded to $64,000 amid $1.76B liquidations
Bitcoin recovered to $64,000 after hitting an intraday low of $61,500, with the crypto market witnessing liquidations worth $1.76 billion in 24 hours amid heightened volatility.
Nasscom-Zinnov: GCCs in India employ 2.36 million, plan 3.5 million by 2030
India's Global Capability Centres (GCCs) are reshaping the tech landscape, generating $100 billion in revenue and outpacing traditional IT services in hiring skilled talent.
Foreign investors sell ₹23,141cr in India's financial sector in May
Foreign institutional investors sold Rs 23,141 crore worth of Indian financial equities in May, marking the third consecutive month of outflows amid global market shifts.
Rupee falls to ₹95.64 per dollar amid Indian stock outflows
The rupee opened at 95.70 against the U.S. dollar on June 4, 2026, amid rising equity outflows and concerns over elevated crude oil prices impacting India's energy imports.
Emids to add 1,000 FDCs to make GCCs AI powered
Emids plans to hire and reskill 1,000 forward-deployed context engineers in India and beyond, leveraging AI to transform healthcare GCCs into strategic innovation hubs.
Prasanth Kumar says India's ad market may grow past ₹2L/cr
AI and quick commerce are revolutionizing India's advertising landscape, driving structural changes as marketers adopt integrated strategies across diverse platforms.
SpaceX, Anthropic and OpenAI plan massive IPOs amid soaring valuations
Leading AI firms like SpaceX, Anthropic, and OpenAI are preparing for record-breaking IPOs, driven by soaring valuations and intense competition in the AI race.
Trade groups warn of AI-driven US memory chip shortage
A coalition of trade groups has urged the U.S. government to address memory chip shortages, as surging AI demand disrupts supply chains and raises costs across key industries.
Cuba will not accept Visa or Mastercard starting Saturday
Visa and Mastercard transactions in Cuba will cease Saturday after US sanctions forced a foreign bank to cut ties with Fincimex, a financial arm of Cuba's GAESA conglomerate.
RBI lets banks restrict device features if loan agreements allow
The RBI has issued new guidelines allowing banks to restrict or disable functionalities of mobile devices financed through loans, effective from 1st October 2026.
Rajesh Exports shares crash after SEBI flags ₹15L crore discrepancy
Rajesh Exports Ltd's shares have hit a lower circuit at ₹103.92 (down 5%) after the Securities and Exchange Board of India (SEBI) barred the company and its promoter Rajesh Mehta from the securities market.
Labor minister: EPFO 3.0 to enable paper-free UPI withdrawals
EPFO 3.0 introduces UPI-enabled ATM withdrawals and paperless processes, offering faster claim settlements and enhanced digital convenience for provident fund subscribers.
Kuku FM targets ₹15,000cr valuation with ₹3,500cr IPO plan
Kuku FM has confidentially filed draft papers with Sebi for a Rs 3,500-crore IPO, aiming for a valuation of Rs 15,000 crore, sources revealed.
Benchmark raises $2 billion and launches $1.25 billion growth fund
Benchmark Capital has raised $2 billion across two new funds, including a $1.25 billion growth fund, marking a departure from its historically small fund sizes.
Alphabet's $85B stock sale highlights relentless investor demand for AI
Google's parent company, Alphabet, has raised a whopping $45 billion through an oversubscribed stock sale, with another $40 billion planned for next quarter.
Indian stock markets open shaky as Sensex falls 253 points
The Sensex dropped over 250 points, and Nifty hovered near 23,350 as persistent FPI selling and West Asia tensions dampened investor sentiment in early trade on June 4.
AI investments push US tech to 39% of S&P 500
U.S. technology stocks, driven by AI enthusiasm, now comprise over 39% of the S&P 500's market cap, raising concerns about excessive market dependence on a few tech giants.
Indian markets open lower Thursday as Sensex falls 452 points
Indian stock markets opened in losses on Thursday, with Sensex falling 452 points and Nifty down 123 points, as weak cues from Asian markets weighed on investor sentiment.
Indian rupee opens at 95.71 with rates expected at 5.25%
The rupee opened at 95.71 against the dollar as markets await the RBI MPC's rate decision, with inflation and growth forecasts under scrutiny amid global economic uncertainties.
India plans tax relief for foreign investors to boost inflows
The Indian government is planning to waive capital gains tax for foreign portfolio investors (FPIs) investing in government securities.
GitLab cuts 14% of workforce as focus shifts to AI
GitLab, a leading web-based software development platform, has announced the layoff of some 14% of its workforce.
Gold rises as weaker dollar, Iran resolution hopes boost demand
Gold prices climbed 0.7% as a weaker dollar and easing oil prices bolstered sentiment, with investors eyeing potential progress toward a U.S.-Iran peace resolution.
Amazon cuts 30,000 corporate jobs amid $200 billion AI push
Amazon has laid off 30,000 corporate employees in eight months while planning to spend billions on AI infrastructure, sparking pushback from workers and communities.
CLSA keeps Outperform on LTIMindtree with ₹5,755 price target
CLSA maintains an Outperform rating on LTIMindtree, citing AI-driven opportunities and ambitious revenue doubling targets, with a potential 42% upside from the current price.
Global wealth reaches $98.3 trillion as AI rallies create millionaires
Global high-net-worth wealth hit a record $98.3 trillion in 2025, driven by AI-led stock rallies that added nearly 2 million new millionaires worldwide.
CrowdStrike $1.39B revenue beats estimates, operating expenses up 15%
CrowdStrike's Q1 operating expenses rose 15% to $1.07 billion as the company accelerated investments in AI and product development, despite surpassing revenue estimates.
SEBI revises AIF master circular, limits co-investing to accredited investors
SEBI's revised master circular consolidates key regulatory changes for Alternative Investment Funds, covering co-investments, overseas investments, and compliance norms.
Uber commits nearly $500 million to Nuro and Lucid robotaxi rollout
Uber has invested nearly $500 million in self-driving startup Nuro, advancing plans to deploy 35,000 robotaxis using Lucid's vehicles and Nuro's technology.
Broadcom Q2 revenue falls short as shares drop over 11%
Broadcom reported $22.19 billion in Q2 revenue, missing Wall Street estimates of $22.27 billion, as rising competition in the custom semiconductor market impacts growth.
Indian-born founders launched 96 US unicorns, more than other immigrants
Indian-born founders have created 96 billion-dollar startups in the US, surpassing immigrants from Israel, the UK, and China, driving America's innovation ecosystem.
IRCTC removes 30 million suspicious IDs, checks 60 million accounts
IRCTC has deactivated over 3 crore suspicious user accounts and deployed AI-enabled cameras in 800+ kitchens to monitor hygiene, flagging violations for swift corrective action.
Quantinuum, Honeywell's quantum arm raises $1.68B in US IPO
Quantinuum secured $1.68 billion in its U.S. IPO, pricing shares at $60 each, as investor interest surges in the burgeoning quantum computing sector.
TSMC optimistic as AI surge drives demand for advanced chips
TSMC CEO C.C. Wei expressed confidence in sustained growth, citing robust demand for advanced semiconductors fueled by increasing adoption of AI models across various applications.
Australia wants Meta Google and TikTok to pay local publishers
Meta has strongly criticized Australia's draft laws requiring tech giants to pay for news, calling them "grossly unfair" and warning they won't sustain a diverse media industry.
Gurugram's TrueFan AI raises $10 million valuing company $40 million
TrueFan AI secured $10 million in a funding round led by Baring PE and Z3Partners, valuing the Gurugram-based startup at $40 million.
Alphabet raises $84.75B equity offering to fund AI push
Alphabet Inc. increased its equity offering to $84.75 billion, aiming to fund growing AI investments, including its tensor processing units and data center expansions.
Gold up 0.7% near $4,465 after Israel and Lebanon ceasefire
Gold prices climbed 0.7% as Israel and Lebanon agreed to a conditional ceasefire, easing near-term pressure from yields and drawing dip-buyers back into the market.
Former RCom MD Jhunjhunwala in custody over ₹2,929cr loan fraud
A special CBI court has remanded former RCom Group MD to custody till June 5 over alleged ₹2,929-crore loan fraud, following his arrest linked to fund diversion charges.
FirstClub raises $55 million in Series B, valuation doubles to $255 millionlion
Bengaluru-based premium grocery startup FirstClub raised $55 million in a Series B round co-led by Peak XV Partners and Sofina, boosting its valuation to $255 million.
PM Modi's Cabinet scraps capital gains tax on government securities
India plans to eliminate capital gains tax on foreign portfolio investments in government securities via an ordinance, aiming to boost overseas inflows amid economic challenges.
MoSPI issues district economy guidelines with 2022-23 base for reliability
The Statistics Ministry has issued standardised guidelines for compiling District Domestic Product (DDP) estimates, adopting 2022-23 as the base year.
SoftBank sells 3.25% Lenskart stake in ₹2,873 cr block deal
SoftBank Group, via SVF II Lightbulb (Cayman) Ltd, sold a 3.25% stake in Lenskart for ₹2,873 crore through a block deal on the NSE.
Ringg AI in talks for $10 million with Peak XV
Peak XV Partners is in discussions to lead a $10 million funding round for Bengaluru-based voice AI startup Ringg AI, highlighting growing investor interest in voice technology.
Indian VCs move teams to Bay Area for AI
Indian venture capitalists are increasingly setting up operations in the US, particularly the Bay Area, to capitalize on the rapidly growing generative AI sector.
Indian automakers expand in-house finance to ease vehicle purchases
Automakers are increasingly focusing on captive retail financing to boost sales, enhance customer loyalty, and tap into India's growing $28.47 billion vehicle financing market.
Citi to cut 20,000 jobs by 2026, spares India workforce
Citi's Ernesto Torres Cantu discusses India's immunity to global layoffs, AI-driven productivity gains, and its growing role in restructured global supply chains.
WeRize secures $7 million from Sony Innovation Fund
Bengaluru-based fintech WeRize has raised $28 million in a round led by Sony Innovation Fund, aiming to enhance AI capabilities and expand its financial product offerings.
SEBI framework lets brokers offer retail algo strategies from ₹5,000
Major brokers are set to launch algorithmic trading tools for retail investors, leveraging regulatory clarity to expand services and revenue.
US and Iran retaliation hints push Brent toward $98
Crude oil prices surged near $100 per barrel following renewed US-Iran tensions, disrupting global markets and ending Wall Street's nine-day record rally.
US plans 12.5% tariffs on India China over forced labor
The US Trade Representative has proposed a 12.5% tariff on exports from 54 countries, including India, citing failure to curb imports involving forced labour practices.
India recommends ordinance easing foreign investor taxes to steady rupee
The Union Cabinet has approved an ordinance to relax tax norms for foreign investors in certain securities, aiming to curb rupee depreciation and address record FPI outflows.
Broadcom stock falls 12% after hours on $16B AI miss
Broadcom shares fell 12% in after-hours trading as its AI chip revenue guidance for Q3 and the fiscal year missed Wall Street expectations, despite strong recent stock gains.
Uber deploys 500 Hyundai Ioniq 5 EVs for AV data
Uber plans to roll out 500 sensor-equipped Hyundai Ioniq 5 vehicles globally this year, aiming to collect high-fidelity driving data for its autonomous vehicle technology partners.
US inflation rises after Iran conflict blocks Strait of Hormuz
The Federal Reserve reported that surging energy costs from the Iran war are driving "moderate to strong" inflation, with ripple effects on shipping, groceries, and other sectors.
IKEA opens 4th global product development center in India
IKEA has launched a product development centre in India, marking its evolution from a sourcing base to a hub for designing affordable home furnishings for local and global markets.
IndiGo has suspended flights to Kuwait
India's largest low-cost carrier, IndiGo, has announced the suspension of its flight operations to and from Kuwait. The decision comes in light of the ongoing closure of Kuwait's airspace.
Over 300,000 TCS, Infosys, Wipro employees using Microsoft 365 Copilot
India's top three IT services companies: Tata Consultancy Services (TCS), Infosys, and Wipro have adopted Microsoft 365 Copilot for over 100,000 employees each.
These 2 firms now hold majority stake in Rapido
Rapido, a leading Indian ride-hailing platform, has raised $240 million in a funding round led by Prosus.
Amazon tops Fortune 500, ending Walmart's 13-year reign
Amazon has dethroned Walmart to become the number one company on the Fortune 500 list, ending a 13-year reign for the retail giant.
Man behind TikTok surpasses Mukesh Ambani as Asia's 2nd-richest person
Zhang Yiming, the co-founder of ByteDance, has surpassed Mukesh Ambani to become Asia's second-richest person.
Modi government readies $4B stimulus to boost economy
The Union Cabinet has approved a ₹39,290 crore ($4 billion) package of projects and initiatives aimed at stabilizing aviation fuel prices, reforming urban transport, and developing national highway infrastructure.
Modi government approves ₹10,000cr fund to stabilize jet fuel prices
The Indian government has approved a ₹10,000 crore Aviation Turbine Fuel (ATF) Price Stabilization Fund.
Apple to submit its Indian financials to competition watchdog
Apple has agreed to submit the financials of its Indian operations to the Competition Commission of India (CCI).
This 'next trillion-dollar company' has significant ties to India
NVIDIA CEO Jensen Huang has dubbed Marvell Technology the "next trillion-dollar company," highlighting its pivotal role in powering AI data center infrastructure.
Could US-Iran war trigger a global recession?
The Organisation for Economic Co-operation and Development (OECD) has warned that a prolonged conflict in the Middle East could severely impact global economic growth.
India's services sector grows at fastest pace in 6 months
India's services sector has witnessed its fastest growth in six months, largely due to a surge in domestic demand. The growth was particularly strong in e-commerce, entertainment, and IT industries.
Sensex crashes over 1,150 points: What's behind today's fall?
India's equity benchmarks witnessed a sharp decline on Wednesday, with the BSE Sensex crashing over 1,150 points and the Nifty 50 index plummeting by more than 300 points in intraday trade.
Indus Appstore's co-founder Akash Dongre has quit
Akash Dongre, the Chief Product Officer and Co-founder of Indus Appstore, has announced his resignation from the PhonePe-owned mobile app marketplace.
DeepSeek plans to raise $7.4B in maiden funding round
Chinese artificial intelligence (AI) start-up DeepSeek is gearing up for its first major fundraising round, hoping to raise around CNY 50 billion ($7.4 billion).
Gold now world's top reserve asset, surpassing US Treasuries
Gold has surpassed US Treasuries to become the world's top reserve asset, a European Central Bank (ECB) report has revealed.
RBI's MPC meeting begins today: What to expect
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting starts today.
Bitcoin crashes over 7% to nearly $66,000
The world's leading cryptocurrency, Bitcoin, has witnessed a significant drop in its value.
Did RBI sell gold to protect India's forex reserves?
The Reserve Bank of India (RBI) may have sold a portion of its gold reserves to protect its foreign-currency assets from the impact of the ongoing US-Iran conflict in West Asia.
US proposes 12.5% tariffs on imports from India
The United States has proposed an additional tariff of 12.5% on imports from India and 53 other countries, in a move linked to forced labor practices in production.
SpaceX sets $135 per share target for record IPO
SpaceX, the rocket and satellite communications company, is gearing up for a historic initial public offering (IPO).
Do airlines using Adani airports have to pay higher fees?
The Adani Group and the Airports Economic Regulatory Authority of India (AERA) are embroiled in a legal dispute over airport charges.
Why JLR is taking loans worth £2B
Jaguar Land Rover (JLR), the British luxury car division of Tata Motors, is raising £2 billion through a five-year loan from several multinational banks.
Why SpaceX's IPO filing says water access is a risk
SpaceX has updated its initial public offering (IPO) filing to highlight water access as a major challenge.
Section 301 explained: The US trade law worrying India
As the US and India inch closer to a trade deal, New Delhi has sought protection from possible tariffs under Section 301 of the US Trade Act.
AI creates 13 new jobs at this software company
While many tech companies are letting employees go, a Silicon Valley software firm is doing the opposite.
How Producer Price Index will help measure India's inflation
India is set to launch its first-ever Producer Price Index (PPI) to measure inflation.
Mother Dairy will soon sell milk in naturally degradable pouches
Mother Dairy, a leading milk supplier in India, has launched the country's first naturally degradable milk pouch.
Infosys shares up 6% after rolling out AI-backed journalism tool
Infosys's shares rose by over 6% today, following the company's announcement of an artificial intelligence (AI)-powered editorial recommendation engine.
Zomato, Swiggy, Amazon, Meesho and Zepto form new industry body
India's leading e-commerce companies have formed a new industry-led platform called the Digital Commerce Coalition.
Amid AI boom, Jensen Huang warns not to underpay employees
NVIDIA CEO Jensen Huang has weighed in on the ongoing debate over fair employee compensation amid the AI boom.
Delhi start-up seeks pay cuts from staff after ₹2cr error
A Delhi-based tech company has come under fire for asking its employees to bear the brunt of a ₹2 crore loss caused by a single employee's mistake.
India-UK FTA: New Delhi might reconsider Scotch whisky tariff cuts
India has warned that it may reconsider major concessions under the India-UK Free Trade Agreement (FTA), including tariff cuts on Scotch whisky.
Coca-Cola's Indian bottling subsidiary may get listed in 2027
Coca-Cola is considering an initial public offering (IPO) for its Indian bottling subsidiary, Hindustan Coca-Cola Holdings.
BharatPe Flex lets you make UPI payments on credit
BharatPe, a financial services and UPI payments firm in India, has launched 'BharatPe Flex.'
You can give suggestions to 8th-Pay Commission till June 15
The 8th Central Pay Commission (CPC) has extended the deadline for submitting the memorandums and suggestions to June 15.