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Higher taxes drive India's gold imports to 3-decade low
India's recent import duty hike on gold is expected to significantly reduce imports, with April figures already hitting a three-decade low, according to analyst Mohammed Imran.
Kumar Mangalam Birla to lead Vodafone Idea fundraising May 16
Kumar Mangalam Birla is spearheading a fresh promoter-led capital infusion in Vodafone Idea, aimed at bolstering lender and investor confidence amid ongoing financial challenges.
Gold on MCX tops ₹163,000 after 15% import duty hike
Gold prices surged above ₹1.63 lakh on MCX, driven by geopolitical tensions, a record-low rupee, and increased import duties boosting domestic bullion premiums.
Micron's Mehrotra joins Trump Cook and Musk at Beijing summit
Sanjay Mehrotra, CEO of Micron Technology, will accompany US President Donald Trump to Beijing, highlighting his pivotal role in US-China semiconductor and technology relations.
Fractal posts 19% revenue rise as enterprise AI drives growth
Fractal reports 19% revenue growth despite TMT sector challenges, driven by robust demand in banking and life sciences, which grew 40% and 80%, respectively.
Prabhudas Lilladher assigns Fractal Analytics buy rating with ₹1,040 target
Prabhudas Lilladher recommends a buy rating on Fractal Analytics, citing robust medium-term growth prospects and improved EBITDA margins, with a target price of Rs 1,040.
TVS Credit reports ₹256cr March quarter net, ₹913cr FY profit
TVS Credit reported a 13% year-on-year growth in Q4 FY26 net profit at ₹256 crore, driven by improved consumption sentiment and strong traction in retail financing segments.
Hindustan Zinc Ltd shares rise 5% as silver drives earnings
Hindustan Zinc shares jumped over 5% on Wednesday, driven by soaring silver prices and positive brokerage upgrades, marking the stock's second consecutive day of gains.
AI surge fuels global memory chip shortage and higher costs
The AI boom has triggered a memory-chip supercycle, driving semiconductor stocks like Micron and Samsung to record highs while hardware firms face rising costs.
Rupee recovers to 95.52 after India hikes gold, silver tariffs
The Indian rupee gained 16 paise to 95.52 against the US dollar in early trade, supported by reduced gold import demand following increased tariffs and government measures.
Meta's mouse-tracking tool raises worker fears amid planned layoffs
Meta employees are protesting new mouse-tracking software, accusing the company of using their work to train AI systems, as looming layoffs threaten nearly 8,000 jobs globally.
Berger Paints India shares jump 8% after Q4 FY26 results
Shares of Berger Paints India Ltd. soared 8% after reporting double-digit volume growth and achieving a 12-quarter high gross margin of 44.2% in Q4FY26 earnings.
Akash Ambani named Jio Platforms managing director before IPO filing
Jio Platforms has named Akash Ambani as managing director for five years, effective April 9, 2026, as the company prepares for its highly anticipated IPO.
NVIDIA CEO Jensen Huang joins Trump's delegation to China summit
Nvidia CEO Jensen Huang was belatedly added to President Trump’s billionaire-packed delegation to China, joining top executives on a high-stakes summit with President Xi Jinping.
Sensex gains over 110 points as Nifty reaches 23,419
Indian indices opened with mild gains on Tuesday, as Sensex rose 110 points to trade above 74,670 and Nifty reclaimed 23,400 following Monday's sharp losses.
Mumbai outreach prepares professionals for Income Tax Act 2025
The Income Tax Department, Mumbai, hosted a mega outreach event under Prarambh 2026 to educate taxpayers and stakeholders about the simplified provisions of the new Income Tax Act.
Indian government raises import duties, lifting gold and silver prices
Gold and silver prices in India surged over 6% after the government raised import duties to 15%, aiming to curb imports and ease pressure on foreign exchange reserves.
Rupee rises slightly as India hikes precious metals import duty
The Indian rupee rose 0.08% to 95.61 against the dollar on May 13, following a government decision to increase gold and silver import duties to 15%.
Isomorphic Labs raises $2.1B to accelerate AI drug research
Isomorphic Labs secured $2.1 billion in a Thrive Capital-led round to scale its AI-driven drug discovery platform, with clinical trials now expected by late 2026.
Global oil prices cool after 3 day surge, Brent $107.08
Global crude prices dipped on Wednesday morning, with Brent at $107.08/bbl, following an 8% rise over three sessions amid concerns over West Asia tensions and supply disruptions.
MK Sons Fine Jewels files IPO with SEBI, promoter offer
MK Sons Fine Jewels Ltd has submitted draft papers to SEBI for an IPO, aiming to raise funds through a fresh issue and an offer-for-sale by its promoter.
SRV and Ajay Mahajan launch ₹150cr B2B agentic AI fund
Silicon Road Ventures and Ajay Mahajan have launched a Rs 150-crore SEBI-registered AIF to invest in early-stage Agentic AI startups in B2B commerce.
AI adoption reduces outsourcing and reshapes hiring at Indian firms
Indian enterprises embracing AI are reshaping cost structures, with 90% of mature adopters reducing business process outsourcing (BPO) spends, according to a Z47-OpenAI report.
OpenAI and Z47: AI could add $1tn to India's GDP
AI-led productivity gains could add $1 trillion to India’s GDP by 2035, while funding for AI startups doubled year-on-year to $1.3 billion, according to an OpenAI-Z47 report.
Oil prices slip on Iran uncertainty, Brent $106.95, WTI $101.52
Oil prices declined after a three-day rise, driven by uncertainty over an Iran ceasefire, as former U.S. President Donald Trump heads to China for trade discussions.
Lightspeed trims India fund to $300m-$350m, pivots to AI
Lightspeed plans a $300-350 million India-focused fund, shifting its strategy towards early-stage AI and deeptech startups amid challenges in its growth-stage portfolio.
Sir Ratan Tata Trust faces 3rd notice over 833 shares
Sunil Patilkhede has issued a legal notice to Sir Ratan Tata Trust trustees, marking the third such challenge in a month, ahead of the pivotal 16 May meeting.
India raises import duty on gold and silver to 15%
India has increased import duties on gold and silver to 15% from 6%, aiming to curb imports, reduce pressure on foreign exchange reserves, and support the struggling rupee.
Bombay High Court pauses ED seizure of Deepak Kochhar's 78cr
The Bombay High Court granted interim relief to Deepak Kochhar, staying the Enforcement Directorate's attempt to seize his ₹78 crore assets until the next hearing on June 19.
NVIDIA CEO Jensen Huang sees 27% pay cut to $36.3m
Jensen Huang's total pay fell 27% to $36.3 million in fiscal 2026, driven by a 36% drop in equity awards despite steady salary and incentive compensation.
US appeals court pauses ruling against Donald Trump's 10% tariff
A federal appeals court temporarily stayed a ruling declaring Trump's global 10% tariffs illegal, allowing the government to pursue further appeals.
Gartner finds cutting jobs for AI not boosting financial results
A Gartner study reveals that replacing workers with AI yields no financial gains, with companies sacrificing institutional knowledge and goodwill for minimal returns.
PayPal settles DOJ case, offers $1B processing fee waiver
PayPal agreed to a $30M settlement with the DOJ over its Economic Opportunity Fund, a program supporting Black-owned businesses, deemed "illegal DEI" under Trump’s administration.
India doubles gold import duty to 10% to shrink deficit
The Finance Ministry has doubled the import duty on gold and precious metals to 10%, aiming to curb imports and address trade deficit concerns amidst fluctuating global prices.
Goldman Sachs will deploy AI agents, John Waldron stresses productivity
Goldman Sachs President John Waldron announced plans to deploy generative AI “robots” to digitize operations, promising enhanced productivity without triggering mass layoffs.
Indian government rolls out 4 labor codes replacing 29 laws
The central government has operationalised four new labour codes, consolidating 29 laws, and plans to introduce a comprehensive employment policy to boost job creation.
OpenAI CEO Sam Altman testifies in Elon Musk charity lawsuit
Sam Altman testified that Elon Musk once suggested passing control of OpenAI to his children, raising concerns about the organization's commitment to shared governance.
Sam Altman testifies in Musk trial over $38 million claim
Sam Altman testified that Elon Musk’s management style demotivated researchers, adding that Musk’s exit from OpenAI served as a morale boost for some employees.
India's Income Tax Act 2025 took effect April 1, 2026
The Income Tax Act, 2025 simplifies compliance and reduces disputes through clear language, digital initiatives, and AI-powered tools like 'Kar Saathi' for taxpayer assistance.
US refunds $35.5B after Supreme Court voids Trump's emergency tariffs
The US government has initiated $35.5 billion in tariff refunds after the Supreme Court deemed Donald Trump’s emergency tariff policy unlawful, impacting millions of imports.
Uday Kotak warns India may face economic strain from energy
Uday Kotak warns of impending energy price shocks from Middle East tensions, urging India to prepare for structural global shifts and address its growing current account deficit.
Sam Altman denies Musk's claim at California trial over $38 million
Sam Altman refuted Elon Musk's claim of betraying OpenAI’s nonprofit mission, as the high-stakes trial over AI governance and leadership unfolds in California.
India has enough forex for over 8 months of imports
India's foreign exchange reserves are in a strong position, according to a Moneycontrol analysis.
EPFO to pay ₹50,000 compensation for 10-year-delay in PF transfer
The Chandigarh District Consumer Disputes Redressal Commission has directed the Employees' Provident Fund Organisation (EPFO) to pay ₹50,000 as compensation.
Microsoft, OpenAI agree to limit revenue-sharing payments to $38B
OpenAI and Microsoft have agreed to cap revenue-sharing payments at $38 billion, as per The Information.
Groww block deal jumps to $600M as demand surges
A block deal in Billionbrains Garage Ventures Ltd., the parent company of leading wealth-tech firm Groww, has been upsized from its initial base size of some $500 million to about $600 million. The increase comes on the back of high demand for shares.
India's retail inflation rises to 4-month high of 3.48%
India's retail inflation hit a four-month high of 3.48% in April, up from 3.4% in March, official data showed today.
eBay rejects GameStop's $56B takeover bid
eBay has turned down a massive $56 billion takeover offer from GameStop. The rejection comes amid concerns over the financing of the deal.
Real estate, jewelry shares fall again on Modi's austerity call
Real estate and jewelry stocks have been hit by a wave of selling pressure for the second consecutive day.
Why Altman is being probed by Republican lawmakers in US
Sam Altman, the CEO of OpenAI, is facing scrutiny from US Republican lawmakers over his business dealings.
This Skechers, Bugatti retailer has filed for IPO in India
Gaurik Fashions, which operates stores for Skechers, Guess and Bugatti in India, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
Musk never raised concerns over Microsoft's OpenAI investments: Nadella
In the ongoing Musk v/s Altman trial, Microsoft CEO Satya Nadella has testified that Elon Musk never expressed any concerns about Microsoft's investments in OpenAI.
Indian IT stocks tumble as global economic concerns rattle investors
Major Indian IT stocks witnessed a sharp decline on Tuesday, with leading companies like Infosys and Tata Consultancy Services (TCS) witnessing losses of up to 4%.
India's GDP to grow at 6% in 2026, says Moody's
Moody's Ratings has revised India's GDP growth forecast for 2026 downward by 0.8% to 6%.
Japanese snack giant switches to black-and-white packaging: What's the reason?
Calbee, Japan's largest snack manufacturer, will soon switch 14 of its products to black-and-white packaging.
Lawsuit as an asset class? Indian investors now think so
In a first for India, investors are now funding commercial lawsuits in exchange for a share of future settlements or court awards.
Why NSE may prepone its IPO filing in India
The National Stock Exchange (NSE) is likely to speed up the filing of its draft red herring prospectus (DRHP).
Texas sues Netflix over how it tracks viewers
The state of Texas has filed a lawsuit against Netflix, accusing the streaming giant of illegally collecting and sharing user data.
Anant Ambani's Vantara is now selling ice cream in Mumbai
Anant Ambani's wildlife rescue project, Vantara, has launched a new premium ice cream brand in Mumbai.
Why Meta has been sued by a California county
California's Santa Clara County has filed a lawsuit against Meta Platforms, the parent company of Facebook and Instagram.
Gold, silver climb ahead of US inflation data, Trump-Xi talks
Gold and silver prices rose on Tuesday as investors kept a close eye on West Asia developments, key US inflation data, and the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping.
GitLab announces layoffs to go all-in on AI agents
GitLab, a leading software development platform, has announced plans to lay off employees as part of a major restructuring effort.
Oil prices rise to $105 amid US-Iran ceasefire concerns
Global oil prices have witnessed a spike on Tuesday morning, owing to supply concerns stemming from a fragile US-Iran ceasefire.
Sensex tanks over 700 points: What's behind today's decline?
The Indian stock market opened on a bearish note today, with the Sensex and Nifty extending their losses.
OpenAI launches $4B company to accelerate enterprise AI adoption
OpenAI has announced the launch of a new venture, the OpenAI Deployment Company, with an initial investment of over $4 billion. The firm will be majority-owned and controlled by OpenAI.
Indian rupee hits all-time low of 95.58 against US dollar
The Indian rupee has hit a new all-time low, falling to 95.58 against the US dollar on Tuesday.
Modi government urged to implement mandatory WFH for IT employees
The Nascent Information Technology Employees Senate (NITES) has requested the Union Ministry of Labour and Employment to issue an advisory for mandatory work from home (WFH) in the IT sector.
Diet Coke is back in India but costlier
Diet Coke has made a comeback in India, but this time in costlier glass bottles.
India, Peru might restart free trade agreement talks in June
India and Peru are likely to resume negotiations for a proposed free trade agreement next month.
Adani Power becomes India's most valuable power company
Adani Power has become India's most valuable listed power company, thanks to a nearly 50% surge in its stock price this year.
Space tech start-up Agnikul in talks to raise $50-75M
Space technology start-up Agnikul Cosmos is in talks to raise between $50 million and $75 million, as per Economic Times.
'No petrol, diesel shortage': Government after PM's 'save fuel' appeal
The Indian government has assured that there is no shortage of petrol, diesel, liquefied petroleum gas (LPG), or crude oil in the country.
Jio's ₹749 postpaid plan offers Netflix, Amazon Prime, and JioHotstar
Reliance Jio has a postpaid recharge plan priced at ₹749.
'Invest more': Sunil Mittal urges Indian companies amid global uncertainty
Sunil Bharti Mittal, the chairman of Bharti Enterprises, has urged Indian companies to "double down" on investments and spending within the country.
India's real estate stocks tumble today: Here we decode why
Shares of major Bengaluru-based real estate firms have witnessed a slump today.
Copper defies US-Iran war impact, nears record high
Copper is on a record-high trajectory as traders overlook the US-Iran conflict and focus on supply-demand dynamics.
Gold, silver prices under pressure in India: What's the reason?
Gold and silver prices are witnessing a downward trend in India.
Tata Consumer shares jump 7%, highest level in 2 years
Shares of Tata Consumer Products, the Tetley tea maker, surged by as much as 6.6% today. This is the highest level for the stock in over two years.
HDFC Bank board mulls 90-day extension for interim chairman
HDFC Bank's board is considering a 90-day extension for Keki Mistry as its interim chairman, according to Moneycontrol.
How to invest in Indian government securities bonds
Investing in Indian government securities bonds can be a smart move for those seeking stable returns.
Bullet trains will eliminate short-duration flights, says Ashwini Vaishnaw
India's Railways Minister Ashwini Vaishnaw has warned airline investors that the country's new high-speed rail network will dominate short-haul routes.
EV stocks soar as Modi calls for fuel conservation
Shares of electric vehicle (EV) makers such as JBM Auto, Ola Electric Mobility, Ather Energy, and Olectra Greentech rose sharply today.
Why travel & tourism, aviation shares are seeing downturn today
Shares of major oil marketing companies (OMCs), airlines, and travel-related firms have plummeted today.
Jio's IPO in India will be a fully fresh issue
Reliance Industries Limited (RIL) is changing the listing structure of its telecom and digital venture, Jio Platforms.
Urban Company's shares fall 11% on dismal earnings report
Urban Company's shares plummeted by 11% today, marking its biggest single-day decline since listing in September 2025.
Alarmed by Modi's announcement, jewelry associations to meet PMO officials
Shares of jewelry companies such as Titan Company Ltd, Senco Gold, and Kalyan Jewellers fell by up to 11% today.
Indian rupee hits new low against US dollar
The Indian rupee has hit a new low, trading at ₹95.16 against the US dollar.
Liquor manufacturers seek price hike amid US-Iran war disruptions
India's liquor manufacturers are seeking a price hike, citing rising costs due to the ongoing West Asia conflict.
India's growth pegged at 7.2% for Q4 FY26
The Indian economy is expected to grow by 7.2% in the January-March quarter (Q4) of the fiscal year 2025-26 (FY26), according to a research report by the State Bank of India (SBI).
Why Swiggy's Instamart is facing a slowdown in growth
Swiggy's quick commerce business, Instamart, witnessed a slowdown in growth during the fourth quarter of FY26.
OpenAI employees sell shares worth up to $30M each
OpenAI allowed its employees, both current and former, to sell shares worth up to $30 million each in a recent secondary transaction.
After Modi's speech, Sensex down over 1,000 points today
The Indian stock market witnessed a major crash today, with the Sensex plummeting by 1.35% (1,044 points) to 76,275. Meanwhile, Nifty fell by 1.26% (305 points) to 23,872.90.
Armani plans to sell 15% stake to these 3 companies
The Italian fashion house of legendary designer Giorgio Armani is reportedly planning to sell its 15% stake in three equal parts.
Modi launches infrastructure, industrial projects worth ₹9,400cr in Telangana
Prime Minister Narendra Modi has launched infrastructure and industrial projects worth nearly ₹9,400 crore in Telangana.
Why Air India fired 1,000+ employees in last 3 years
Air India has terminated more than 1,000 employees in the last three years for ethical breaches.
Vodafone Idea's stock up 22% in 1-month: What's the reason?
Vodafone Idea's share price has seen a major surge, rising as much as 22% in the last month.
FMCG products might become costlier in India soon
Fast-moving consumer goods (FMCG) companies are preparing for another round of price increases in India.
Why flights from Noida may not be cheaper than Delhi
Passengers eyeing cheaper flights from the Noida International Airport (NIA) may have to pay fares similar to or even higher than those from Indira Gandhi International Airport (IGIA).
Saudi Aramco's Q1 net profit jumps 25% to $32.5B
Saudi Aramco, the world's largest oil exporter, has reported a whopping 25% increase in its first-quarter net profit.
Modi government is working on FTA utilization plan
The Indian government is working on a strategy to maximize the benefits of free trade agreements (FTAs) signed with developed countries, including the UK, EU, US, UAE and Australia.
Oil prices might touch $96 per barrel in 2026: ADB
The ongoing Middle East crisis is likely to keep crude oil prices elevated for a longer period of time.
Market cap of India's top 4 companies down ₹1L crore
The combined market capitalization of four out of the top 10 most valued companies in India has fallen by over ₹1 lakh crore.
Why Fevicol maker Pidilite plans to raise prices again
Pidilite Industries, the maker of popular brands like Fevicol and M-Seal, is considering another price hike in India.
Why India won't sign FTAs with African countries for now
India has decided to focus on strengthening commercial ties with customs unions in Africa, instead of signing free trade agreements (FTAs) for now.
China: You can now charge your EV at KFC, McDonald's
Leading fast-food chains KFC and McDonald's are stepping up their game in China by adding electric vehicle (EV) charging stations and upgrading digital services.
NVIDIA commits $40B to equity AI deals in 2026
NVIDIA, the leading chipmaker, has invested over $40 billion in artificial intelligence (AI) companies this year.
Why is the Indian stock market underperforming?
Motilal Oswal Financial Services has said in its latest strategy report that India's underperformance against major global markets is mainly due to the global artificial intelligence (AI) rally, and not a weakness in the domestic economy.
CBI raids 17 locations linked to Anil Ambani-led Reliance companies
The Central Bureau of Investigation (CBI) has raided 17 locations in Mumbai, linked to the Anil Ambani-led Reliance ADA Group.
Why Nithin Kamath doesn't want you to invest in ULIPs
Zerodha co-founder Nithin Kamath has warned investors against the pitfalls of Unit Linked Insurance Plans (ULIPs) and endowment policies.
India's mining sector can generate 25M jobs by 2047
India's mining sector could add $500 billion to the economy and generate up to 25 million jobs by 2047, a report has said.