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Business News

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12 Jun 2026
TL;DR

RBI caps withdrawals to ₹1L, bars loans at Mogaveera Bank

The Reserve Bank of India has imposed six-month restrictions on Mogaveera Co-operative Bank, Mumbai, capping withdrawals at Rs 1 lakh due to its worsening financial condition.

12 Jun 2026
TL;DR

Narayana Group opens 1st pre-primary 'The One School' in Kondapur

The Narayana Group launched "The One School" in Kondapur, marking its entry into pre-primary education with a focus on play-based learning and child-centric methodologies.

12 Jun 2026
TL;DR

SEBI reviews rules to make markets safer and more transparent

SEBI Chairman Tuhin Kanta Pandey announced a comprehensive review of key regulations, including LODR, delisting norms, KYC processes, and AI guidelines to enhance governance.

12 Jun 2026
TL;DR

SAP to launch 200 industry AI agents by year end

SAP plans to integrate 200 AI agents into its workforce by year-end, enhancing automation across domains like finance, supply chain, and customer experience.

12 Jun 2026
TL;DR

West Bengal native Kinjal Nandy's Sonatic secures ₹191cr pre-seed valuation

Kinjal Nandy, a 22-year-old from India, left Cornell University to launch Sonatic, an AI startup valued at ₹191 crore, backed by top Silicon Valley investors.

12 Jun 2026
TL;DR

Ipca Laboratories partners with Bhami's research laboratory developing biologic medicines

Ipca Laboratories has partnered with Bhami’s Research Laboratory to develop and commercialize monoclonal antibody treatments for cancer and autoimmune diseases.

12 Jun 2026
TL;DR

SEBI reforms to ensure fair entry and exit for companies

India's market regulator SEBI plans to simplify delisting rules, aiming for fairer exits and streamlined processes in capital markets.

12 Jun 2026
TL;DR

SEC delays launch of leveraged ETFs tied to SpaceX IPO

Leveraged fund providers face a setback as the SEC delays their debut tied to SpaceX's IPO, pushing launches to Monday to ensure smooth trading for the blockbuster listing.

12 Jun 2026
TL;DR

SpaceX files proposed $1.77 trillion Nasdaq IPO, Gwynne Shotwell supportive

SpaceX COO Gwynne Shotwell addressed speculation about a potential merger with Tesla, highlighting shared future goals and the benefits it could bring to Elon Musk.

12 Jun 2026
TL;DR

Vinod Khosla warns AI could do 80% of paid work

Silicon Valley investor Vinod Khosla predicts AI will soon handle 80% of human economic work and advocates major tax reforms to address inequality and support displaced workers.

12 Jun 2026
TL;DR

ED charges Amitabh Jhunjhunwala, Amit Bapna over 12,500cr loan diversion

The ED has filed a chargesheet against former ADAG executives Amitabh Jhunjhunwala and Amit Bapna in a ₹12,500 crore bank loan fraud and money laundering case.

12 Jun 2026
TL;DR

IBM's Rohit Badlaney urges firms to set data sovereignty 1st

Rohit Badlaney emphasizes the need for enterprises to clearly define sovereignty, addressing data governance, operational control, and technological flexibility.

12 Jun 2026
TL;DR

Aurobindo Pharma Telangana plant given FDA 'OAI' over 11 issues

The US FDA classified Eugia Pharma Specialities’ Telangana facility as "Official Action Indicated" after an inspection revealed 11 observations, requiring corrective actions.

12 Jun 2026
TL;DR

Alembic Pharmaceuticals wins US FDA approval for generic tretinoin cream

Alembic Pharmaceuticals has secured final USFDA approval for its generic Tretinoin cream USP, 0.05%, a therapeutic equivalent to Retin-A Cream for acne treatment.

12 Jun 2026
TL;DR

Eurojust operation arrests 2 admins, shuts AudiA6 laundering over $390 million

An international operation across 11 nations has shut down AudiA6, a crypto money-laundering scheme linked to ransomware actors, seizing servers, domains, and assets.

12 Jun 2026
TL;DR

India's retail inflation 3.93% in May near RBI comfort zone

India’s retail inflation rose to 3.93% in May, nearing RBI’s 4% target, driven by higher food, transport, and jewellery prices amid rising raw costs and geopolitical tensions.

12 Jun 2026
TL;DR

India's foreign exchange reserves fall $711 million to $681.6 billion

India's forex reserves fell by $711 million to $681.610 billion as of June 5, driven by a $2.704 billion drop in foreign currency assets, RBI data reveals.

12 Jun 2026
TL;DR

Amazon India doubles online 2-wheeler sales as EVs surge

Amazon India has doubled its two-wheeler sales year-on-year, driven by strong demand from Tier 2 and Tier 3 cities, especially for premium and electric models.

12 Jun 2026
TL;DR

Aum Ventures launches ₹750cr India Innovation Fund II for early-stage-deeptech-startups

India's DeepTech ecosystem is witnessing unprecedented growth, with Aum Ventures launching an ₹750 crore fund to back AI, semiconductor, and SpaceTech startups.

12 Jun 2026
TL;DR

ILO adopts 1st global treaty to protect gig economy workers

The UN's International Labour Organization has adopted a historic treaty, extending labour protections to millions of gig workers globally, regardless of employment status.

12 Jun 2026
TL;DR

Meesho announces Kirana Club and Retail Pulse Labs acquisition ₹202.08Cr

Meesho has announced the acquisition of a 100% stake in Singapore-based Kirana Club for Rs 202.08 crore, marking its entry into the B2B commerce segment for kirana stores.

12 Jun 2026
TL;DR

SEBI chairperson Tuhin Kanta Pandey flags longer term F&O review

SEBI Chairperson Tuhin Kanta Pandey emphasized introducing longer-term futures and options contracts to broaden market participation and enhance risk management capabilities.

12 Jun 2026
TL;DR

Magnetar Capital managing $18 billion plans fund using AI bots

Magnetar Capital plans to launch an AI-powered investment fund, replacing traditional analyst teams with hundreds of bots to analyze stocks and generate recommendations.

12 Jun 2026
TL;DR

CBI charges over 657cr scam connected to IDFC First Bank

The CBI has filed two chargesheets detailing ₹657 crore misappropriation involving IDFC First Bank, Haryana government, and Chandigarh Smart City Limited, naming multiple accused.

12 Jun 2026
NASDAQ

Cognizant to exit NASDAQ-100 after 20 years

Cognizant, a leading IT services provider, is set to be removed from the NASDAQ-100 Index.

12 Jun 2026
TL;DR

Indian banks target $50 billion NRI deposits offering up-to 7.1%

Indian banks are targeting the affluent diaspora with guaranteed returns of up to 7.1% on dollar deposits, aiming to bolster foreign exchange reserves and stabilize the rupee.

12 Jun 2026
TL;DR

RBI policy changes could attract up to $50 billion FY27

Motilal Oswal Financial Services projects $40–50 billion in foreign currency inflows by FY27, driven by RBI's initiatives like FCNR(B) deposits and ECB concessions.

Spinny plans $300 million IPO

Indian used-car platform Spinny is gearing up for an initial public offering (IPO) to raise between $250 million and $300 million.

12 Jun 2026
Iran

India may widen fiscal deficit as US-Iran war strains finances

India is likely to allow a larger budget deficit this year, according to Bloomberg.

12 Jun 2026
Canada

Trade ties key to India's $30 trillion goal: Piyush Goyal

Piyush Goyal, Union Minister of Commerce and Industry, has said that India must strengthen its international trade relations to achieve the ambitious goal of becoming a $30 trillion economy by 2047.

12 Jun 2026
TL;DR

Sensex jumps 1,695 points while Nifty gains on U.S.-Iran talks

Indian markets surged as the Nifty crossed 23,600 and Sensex jumped 1,695 points, driven by easing crude prices, a stronger rupee, and Middle East peace progress.

12 Jun 2026
Bajaj Finance

Sensex closes 1,700 points higher: What drove today's rally?

The Indian stock market witnessed a massive surge on Friday, with the Sensex and Nifty gaining 2% each.

12 Jun 2026
Indian Government

Centre waives customs duties on nuclear power equipment imports

The Indian government has announced a retrospective waiver of customs duties on certain nuclear power generation equipment imported between April 1, 2019 and January 31, 2026.

12 Jun 2026
Chennai

India's AI data center market may hit $280B by 2035

India's data center industry is set for unprecedented growth, with the artificial intelligence (AI) boom projected to create a $280-billion ecosystem opportunity by 2035.

12 Jun 2026
TL;DR

Prestige Estates aims ₹60,000 cr sales, Irfan Razack says ready

Prestige Estates aims for ₹60,000 crore in sales this fiscal year, leveraging nationwide project launches pending regulatory approvals, according to Chairman Irfan Razack.

12 Jun 2026
TL;DR

ESAF Small Finance Bank crosses ₹50,000 cr total business milestone

ESAF Small Finance Bank's total business surpassed ₹50,000 crore as of June 11, 2026, with deposits at ₹26,197 crore and gross advances at ₹23,832 crore.

12 Jun 2026
TL;DR

Indian markets rally with Sensex 75,490.89 and Nifty 23,603.25

Indian equity markets surged on Friday as Sensex jumped 1,658 points and Nifty reclaimed 23,600, driven by easing Iran conflict concerns and a sharp drop in crude oil prices.

12 Jun 2026
TL;DR

LTM launches AI 1000 program to train over 1,000 engineers

LTM has introduced AI 1000, a programme to develop over 1,000 AI-certified engineers, including forward deployed engineers (FDEs), supported by a dedicated Centre of Excellence.

12 Jun 2026
TL;DR

Cognizant removed from Nasdaq-100 June 22, 2026 amid AI shift

Cognizant will be removed from the Nasdaq-100 Index on June 22, marking its first exclusion in over two decades amid rising AI-driven market shifts and industry challenges.

12 Jun 2026
TL;DR

Sensex and Nifty jump after Iran US agreement news

The Sensex surged over 1,250 points and Nifty reclaimed 23,500 as financial stocks led gains following reports of a landmark Iran-US deal easing geopolitical tensions.

12 Jun 2026
TL;DR

TCS opens India's 1st Oracle AI Data Platform Lab, Kolkata

TCS inaugurated India's first Oracle AI Data Platform Lab in Kolkata, aiming to accelerate enterprise adoption of AI and data-driven transformation at scale.

12 Jun 2026
TL;DR

Singapore High Court stays BYJU'S Raveendran 6-month jail sentence

The Singapore High Court has temporarily stayed Byju Raveendran's six-month jail sentence in a civil contempt case, allowing the entrepreneur to appeal the verdict.

12 Jun 2026
TL;DR

Morgan Stanley warns AI could slow India IT services exports

Artificial intelligence threatens India's services-export-led growth, warns Morgan Stanley, urging a shift towards manufacturing to sustain employment and economic stability.

12 Jun 2026
TL;DR

Bitcoin steadies near $63,220 as US producer inflation jumps 6.5%

Bitcoin traded near $63,220 as cautious market sentiment persisted, driven by rising oil prices and inflation fears ahead of the US Federal Reserve's policy decision.

12 Jun 2026
TL;DR

Dhan launches India-regulated direct access to US stocks for Indians

Dhan introduces a fully regulated platform for investing in US stocks, operating under India's regulatory framework via GIFT City, offering access to over 7,000 stocks and ETFs.

12 Jun 2026
TL;DR

City Union Bank shares fall 23% after 1-for-3 bonus issue

City Union Bank shares appeared to plunge 23% on June 12 due to a technical adjustment from its 1:3 bonus issue, not an actual market decline.

12 Jun 2026
TL;DR

Global markets rise after Trump shares Iran peace talks news

Global stocks rallied on Friday following Wall Street gains, while oil prices dropped after US President Trump announced progress in talks to end the Iran war.

12 Jun 2026
Donald Trump

Oil prices hit 2-month low on hopes of US-Iran deal

Oil prices have plummeted to a two-month low, following US President Donald Trump's announcement of a potential peace deal with Iran.

12 Jun 2026
TL;DR

SpaceX biggest-ever IPO prompts investor concern over Elon Musk's control

Sustainability-focused fund managers are blacklisting SpaceX, citing its unprecedented governance structure that heavily favors Elon Musk's control.

12 Jun 2026
TL;DR

Vik Bajaj leads Prometheus building artificial general engineer, $12B raised

Vik Bajaj, an MIT-trained scientist and entrepreneur, co-founded Prometheus with Jeff Bezos. Previously, he led Google's life sciences unit and incubated startups at Foresite Labs.

12 Jun 2026
Donald Trump

US wholesale inflation hits 6.5%, highest since 2022

US wholesale inflation has surged to its highest level since November 2022, mainly due to rising energy costs amid the ongoing Iran war.

12 Jun 2026
TL;DR

Tryfacta files $100 million to $150 million IPO in Gujarat's GIFT City

Tryfacta Inc, a California-based workforce solutions firm, plans a $100-150 million IPO at GIFT City, becoming the first US-headquartered company to list equity shares in India.

12 Jun 2026
TL;DR

Bharat Forge joins global chip equipment makers amid AI demand

Bharat Forge partners with ASML to supply specialised metal parts for semiconductor equipment, aligning with India's semiconductor and AI growth ambitions.

12 Jun 2026
TL;DR

Gurugram's Omli raises $1.5 million for OmliKids AI buddy Doro

Gurugram-based Omli, focused on AI for children's speech development, has secured $1.5 million in seed funding led by India Quotient with participation from General Catalyst.

12 Jun 2026
TL;DR

Tunga Aerospace emerges as L1 in ITBP 78-UAVs ₹21.82cr bid

Tunga Aerospace, an IIT Madras-incubated startup, emerged as the lowest bidder for ITBP's Rs 21.82 crore UAV tender, surpassing major players like Adani Defence.

12 Jun 2026
TL;DR

Carl Pei says memory chips drive global smartphone price increases

Smartphone prices are climbing as memory chip costs surge, warns Nothing CEO Carl Pei, highlighting a global trend impacting budget and premium devices alike.

12 Jun 2026
GST

India to remain fastest-growing major economy in FY27: World Bank

India is set to remain the world's fastest-growing major economy, with a growth rate of 6.6% in the fiscal year 2026-27, a sharp decline from last year's 7.7%, according to a World Bank report.

12 Jun 2026
TL;DR

SpaceX raises $2.2B from Japanese investors in historic IPO

SpaceX secured $2.2 billion from Japanese investors, reserving 3% of its Class A shares, marking Japan's largest IPO since JX Advanced Metals Corp.’s debut last year.

12 Jun 2026
Cancer

India hikes cancer drug prices by 50% amid shortages

India's National Pharmaceutical Pricing Authority (NPPA) has approved a 50% price hike for two critical anti-cancer drugs - carboplatin and cisplatin.

12 Jun 2026
TL;DR

Deel Global Talent Map finds India leads skilled visa migration

India dominates global skilled migration, topping major visa programs as per Deel's report, driven by rising demand for specialized talent worldwide.

12 Jun 2026
TL;DR

Cerebras CEO Andrew Feldman: data center builders ignored local communities

Cerebras CEO Andrew Feldman, whose company launched 2026's largest US IPO, blames data center builders for community backlash, citing poor communication and resource mismanagement.

12 Jun 2026
TL;DR

Equal AI closes $30 million to scale voice AI in India

Equal AI raised $30 million in a Series B round co-led by Prosus Ventures and Tomales Bay Capital, aiming to expand its consumer-focused voice AI offerings in India.

12 Jun 2026
TL;DR

Spinny plans up to $300 million IPO for used-car listing

Used-car platform Spinny is gearing up for a $250-300 million IPO, aiming to leverage India's booming organized pre-owned vehicle market and fund its expansion plans.

12 Jun 2026
TL;DR

NVIDIA CEO Jensen Huang rejects blaming AI for layoffs

NVIDIA's Jensen Huang criticizes CEOs for blaming layoffs on AI, calling it a lazy and dishonest narrative, as many redundancies predate AI's transformative capabilities.

12 Jun 2026
TL;DR

MTAR Technologies stock rebounds 13% on Friday after Wyoming update

MTAR Technologies shares surged over 13% on Friday, recovering from a steep decline, as reports confirmed the Wyoming data centre project remains on track.

12 Jun 2026
TL;DR

UK economy shrinks 0.1% in April amid Iran war disruptions

The UK economy shrank by 0.1% in April as the Iran war disrupted global trade, with energy prices surging after the Strait of Hormuz was closed.

12 Jun 2026
TL;DR

IG International shows SpaceX IPO implied valuation at $2.4 trillion

SpaceX's pre-IPO derivatives signal a valuation surge to $2.4 trillion, reflecting strong investor appetite for the AI and space infrastructure giant ahead of its public debut.

12 Jun 2026
TL;DR

Elon Musk set to become 1st trillionaire, suggests moneyless future

Elon Musk, poised to become the first trillionaire, envisions a future where AI and robots render money obsolete, shifting value to energy, resources, and universal high income.

12 Jun 2026
TL;DR

Google, Meta commit $300 million to US trades training for AI

Google and Meta are investing $300 million in skilled trades training to address a labour shortage critical for building data centres powering the rapidly growing AI industry.

12 Jun 2026
Jeff Bezos

Jeff Bezos's AI start-up raises $12B at $41B valuation

Prometheus, a physical artificial intelligence (AI) start-up co-founded by Jeff Bezos and Vik Bajaj, has raised $12 billion in its second funding round.

12 Jun 2026
TL;DR

BSE CEO Sundararaman Ramamurthy: tech, rules have made markets safer

BSE CEO Sundararaman Ramamurthy emphasizes trust, technology, and inclusivity while advocating for youth energy and women's stability in India's markets.

12 Jun 2026
TL;DR

Rupee gains 65 paise to 95.20 after oil prices fall

The rupee surged 65 paise to 95.20 against the US dollar, buoyed by falling crude oil prices and optimism over a potential US-Iran peace deal.

12 Jun 2026
Donald Trump

Musk set to become world's 1st trillionaire after SpaceX IPO

Elon Musk, the tech mogul behind Tesla and SpaceX, is on the verge of becoming the world's first trillionaire.

12 Jun 2026
TL;DR

Genxai Analytics shares debut 20% below IPO amid 17x bids

Genxai Analytics shares debuted at ₹92.80 on NSE SME, marking a 20% drop from the IPO price of ₹116, despite the IPO being subscribed 16.99 times overall.

12 Jun 2026
TL;DR

Flair Writing targets mid-teen growth, 18% margins, raises prices 5%

Flair Writing Industries targets mid-teen revenue growth in FY27 while maintaining 18% operating margins, despite rising raw material costs and market competition.

12 Jun 2026
TL;DR

Equal AI raises $30 million to upgrade India call screening app

Equal AI, an Indian startup, raised $30M in Series B funding to expand its AI-powered call screening app, which helps users manage calls and identify caller intent efficiently.

12 Jun 2026
Bajaj Finance

Sensex gains nearly 1,000 points amid US-Iran peace hopes

India's benchmark indices witnessed a major surge in early trade on Friday. The BSE Sensex soared by nearly 1,000 points while the NSE Nifty 50 breached the 23,450 mark.

12 Jun 2026
TL;DR

Sensex jumps 873.88 points and Nifty rises as oil falls

The Sensex soared over 800 points as easing US-Iran tensions led to a sharp drop in crude oil prices, boosting investor confidence and improving market sentiment.

12 Jun 2026
TL;DR

Why global investors are ignoring India in favor of AI

Global AI fund inflows are surging, with technology and telecom sectors benefiting, but India's investment case weakens as it lags in driving AI advancements.

12 Jun 2026
Inflation

ECB raises interest rates for first time since 2023

The European Central Bank (ECB) has raised its benchmark interest rate by a quarter point to 2.25%.

12 Jun 2026
TL;DR

Blue Origin New Glenn explodes in Cape Canaveral ground test

Jeff Bezos described the New Glenn rocket explosion during a ground test as a tough moment for Blue Origin but remains optimistic about resuming flights by late 2026.

12 Jun 2026
Donald Trump

South Korea's Kospi index surges 8% on US-Iran peace hopes

South Korea's benchmark Kospi Index has witnessed a massive surge of 8% in early trading today.

12 Jun 2026
TL;DR

Indian markets surge as West Asia peace hopes lift stocks

Indian stock markets surged with Nifty rising 272 points and Sensex over 950 points, while the rupee gained 0.5%, driven by optimism around a potential US-Iran peace accord.

12 Jun 2026
TL;DR

Gold, silver up on India MCX amid US-Iran peace hopes

Gold prices on MCX surged above ₹1.5 lakh per 10 grams, while silver rates rose over 1%, driven by optimism surrounding a potential US-Iran peace agreement.

12 Jun 2026
Federal Reserve

Gold, silver prices jump up to 4%

Gold and silver prices surged on Friday, driven by persistent inflation and ongoing global tensions.

12 Jun 2026
TL;DR

Rupee opens 39 paise higher at 95.37 against US dollar

The Indian rupee strengthened by 39 paise to 95.37 per dollar on June 12, driven by falling global crude oil prices and improved market sentiment.

12 Jun 2026
NASDAQ

SpaceX raises record $75B in world's biggest IPO

SpaceX, Elon Musk's space and AI conglomerate, has officially priced its shares at $135 each.

12 Jun 2026
TL;DR

Indian rupee opens at 95.41 after Trump remarks on Iran

The Indian rupee appreciated 44 paise to 95.41 against the US dollar, driven by falling crude prices after US President Trump hinted at an imminent peace deal with Iran.

12 Jun 2026
TL;DR

Indian rupee rises 37 paise to 95.38 per US dollar

The Indian rupee opened 37 paise higher at 95.38 per dollar after U.S. President Donald Trump hinted at a potential deal with Iran, easing crude price pressures.

12 Jun 2026
TL;DR

India aims for $30 trillion economy by 2047, Piyush Goyal

Union Minister Piyush Goyal emphasized that expanding global partnerships is crucial for India to achieve its $30 trillion economy goal by 2047.

12 Jun 2026
TL;DR

SBI Mutual Fund buys 3.8% in Vintage Coffee and Beverages

SBI Funds Management acquired a 3.8% stake in Vintage Coffee and Beverages Ltd. through block deals worth ₹86 crore, signaling interest in the coffee exporter.

12 Jun 2026
TL;DR

Microsoft CEO Satya Nadella: AI could boost wages, share wealth

Satya Nadella acknowledged growing AI backlash but emphasized its potential to boost wages and create shared prosperity during a live interview in San Francisco.

12 Jun 2026
TL;DR

Gold and silver fall on US inflation, Fed rate worries

Gold prices are heading for a 2.8% weekly drop as persistent inflation pressures and rising crude oil prices fuel expectations of further US Federal Reserve interest rate hikes.

12 Jun 2026
TL;DR

Bangladesh unveils 9.38 trillion taka budget aiming to boost GDP

Bangladesh has announced a $77 billion budget for FY27, aiming for 6.5% growth and reduced inflation despite a Moody’s downgrade and ongoing economic pressures.

12 Jun 2026
TL;DR

Rene Mayrhofer leaves Google over US DoD AI partnership

René Mayrhofer, a senior Google director, has resigned, citing the company's collaboration with the US Department of Defense and abandonment of environmental goals for AI.

12 Jun 2026
TL;DR

Gold and silver surge amid inflation and global tensions

Gold rebounded 2% to $4,204.40 per ounce, while silver surged 4.3% to $66.77, driven by inflationary pressures, interest rate expectations, and geopolitical uncertainties.

12 Jun 2026
TL;DR

NVIDIA names Bruce Andrews affairs chief amid US export curbs

Nvidia has appointed Bruce Andrews as Chief External Affairs Officer to lead its government affairs in Washington, D.C., amid growing scrutiny over its ties to China.

12 Jun 2026
TL;DR

INVasset's Anirudh Garg says AI trading slowing, India IT impacted

Anirudh Garg, Partner at INVasset PMS, highlights early signs of fatigue in the global AI trade and warns of structural challenges facing India's traditional IT services sector.

12 Jun 2026
TL;DR

Leveraged AI ETFs dominate SK Hynix trading in South Korea

Leveraged ETFs tied to SK Hynix now dominate trading volumes, accounting for up to 70%, amplifying stock volatility through rebalancing and heightened derivatives activity.

12 Jun 2026
TL;DR

Kospi jumps 8% on US Iran peace buzz, trades paused

South Korea's Kospi Index soared 8% as hopes for a US-Iran agreement boosted risk appetite, with chipmakers Samsung and SK Hynix leading gains amid AI-driven demand.

12 Jun 2026
TL;DR

Japan Nikkei jumps 4% after President Trump cancels Iran strike

Japan's Nikkei surged over 4% as U.S. President Trump canceled strikes on Iran, boosting investor optimism. Technology shares, led by chipmakers, drove the rally.

12 Jun 2026
TL;DR

Appeals court keeps President Trump's 10% tariff for 3 importers

A U.S. appeals court upheld the 10% global tariff for three importers, overriding a lower court's decision. The tariffs, imposed under Section 122, may expire in July.

12 Jun 2026
TL;DR

EY opens EY.ai center in Bengaluru during $1.4B AI push

EY CEO Janet Truncale highlights India’s pivotal role in the firm’s global AI strategy, driven by its tech-savvy workforce and the launch of the EY.ai Centre in Bengaluru.

12 Jun 2026
TL;DR

Hindustan Unilever and rivals hike FMCG prices 4% to 11%

FMCG companies, including HUL and Colgate-Palmolive, are raising prices by 4-11% due to higher crude prices, freight costs, and commodity inflation triggered by global conflicts.

12 Jun 2026
TL;DR

Indian banks rush to meet RBI June 30 AI deadline

Indian banks are collaborating with top consultancy firms like EY and BCG to address AI-driven cyber threats and meet RBI's cybersecurity review deadline by June-end.

12 Jun 2026
TL;DR

US appeals court allows Trump administration 10% global tariff

A federal appeals court upheld the Trump administration's 10% global tariff, citing likely legal success, but the case may ultimately be decided by the Supreme Court.

12 Jun 2026
TL;DR

SpaceX plans $75B IPO by selling 555.6 million shares at $135

Retail investors have placed over $70 billion in orders for SpaceX’s record-breaking $75 billion IPO, with at least 20% of shares expected to be allocated to them.

12 Jun 2026
TL;DR

Tata Sons board meets June 12 to finalize accounts, dividend

The Tata Sons board convenes today to approve FY25-26 accounts and dividends, while key governance issues like Chairman Chandrasekaran’s tenure extension remain off the agenda.

12 Jun 2026
TL;DR

US Securities and Exchange Commission seeks to drop trade-through rule

The SEC has proposed rescinding the trade-through rule, which ensures investors receive the best prices, citing market complexity and costs as key concerns driving the decision.

12 Jun 2026
TL;DR

States urge Nasdaq and FTSE Russell to rethink SpaceX entry

Officials from four states urged Nasdaq and FTSE Russell to pause rule changes favoring SpaceX, citing risks to investors and passive funds due to its $75 billion valuation.

11 Jun 2026
United States of America

US becomes India's top LNG and LPG supplier

The United States has overtaken Gulf countries to become India's top supplier of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) in May.

11 Jun 2026
Nepal

India, Nepal launch UPI-based cross-border remittance system

India and Nepal have launched a new cross-border remittance system, the Unified Payments Interface (UPI)-National Payments Interface (NPI).

11 Jun 2026
Inflation

Gold prices at 6-month low: Good time to buy?

Gold prices have plunged to a six-month low as high oil prices fuel inflation concerns and strengthen expectations of prolonged high interest rates in the US.

11 Jun 2026
Bharti Airtel

Airtel, Vi launch services on Mumbai Metro after months-long dispute

Telecom giants Bharti Airtel and Vodafone Idea (Vi) have launched their mobile network services on the underground sections of Mumbai Metro's Aqua Line.

11 Jun 2026
Wipro

Wipro's buyback offers 37% premium, but there's a catch

Wipro has launched its ₹15,000 crore share buyback program today.

11 Jun 2026
Adani Group

Reliance, Adani join India's push to cut China rare-earth dependence

Reliance Industries, Vedanta and Adani Group are among 10 companies interested in setting up rare-earth processing plants in Andhra Pradesh, according to Reuters.

11 Jun 2026
Stock Market

Mamaearth parent hits 52-week high, stock jumps 77%

Honasa Consumer, the parent company of popular personal care brand Mamaearth, has seen its shares hit a new 52-week high of ₹438 per share.

11 Jun 2026
Florida

Anti-NVIDIA data center start-up reaches $1.5B valuation

In a major development, TensorWave, an AI-focused cloud computing start-up, has raised $350 million in its Series B funding round.

Rajesh Exports shares hit lower circuit for 6th straight session

Rajesh Exports, one of India's leading gold refiners, has seen its share price plummet by nearly 27% since the Securities and Exchange Board of India (SEBI) issued an interim order on June 3.

11 Jun 2026
Anil Ambani

NCLT accepts SBI's plea to initiate Anil Ambani's personal bankruptcy

The National Company Law Tribunal (NCLT) in Mumbai has accepted a plea from the State Bank of India (SBI) to initiate personal insolvency proceedings against industrialist Anil Ambani.

11 Jun 2026
N Chandrasekaran

TCS rethinks small-town office expansion after Nashik harassment case

Tata Consultancy Services (TCS) is rethinking its strategy to open offices in smaller towns and cities.

11 Jun 2026
Apple

Jon Prosser may get another chance to fight Apple's lawsuit

Apple and Jon Prosser's attorney have jointly requested the court to vacate a default judgment entered against him last October.

11 Jun 2026
Ubisoft

Ubisoft shuts more studios, lays off employees amid ongoing restructuring

Ubisoft, the renowned video game publisher, is undergoing another round of restructuring and layoffs. The company has decided to shut down its studios in Winnipeg and Belgrade, according to The Game Business.

11 Jun 2026
NITI Aayog

India's 6G push centers on homegrown tech, patent creation

The Indian government is gearing up to start talks on a roadmap for the country's transition to sixth-generation (6G) mobile communications.

11 Jun 2026
Infosys

Nifty IT crashes over 2%; HCL, Infosys lead fall

The Nifty IT index, a key indicator of India's information technology sector, has witnessed a major crash today.

11 Jun 2026
Anthropic

Anthropic to provide Claude AI access to 50,000 TCS employees

Tata Consultancy Services (TCS) has announced a global strategic partnership with artificial intelligence (AI) company Anthropic.

11 Jun 2026
Oracle

ShinyHunters hacked Oracle servers at over 100 organizations

The notorious cybercrime group, ShinyHunters, has claimed responsibility for breaching Oracle's PeopleSoft servers at over 100 organizations. The victims include a number of universities.

11 Jun 2026
Donald Trump

Trump says he 'loves inflation' as prices hit 3-year high

US President Donald Trump has said "I love the inflation," after consumer prices surged by 4.2% in May, the highest since April 2023.