Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
India's real GVA rises to ₹294.91L/cr in 2025-26, up 7.9%
India's real Gross Value Added (GVA) rose by 7.9% in FY26, up from 7.3% in FY25, driven by robust growth across the secondary and tertiary sectors.
RBI trims 2026-27 growth to 6.6% raises inflation to 5.1%
The Reserve Bank of India revised FY27 GDP growth to 6.6% and inflation to 5.1%, citing monsoon uncertainties and El Nino risks as key threats to the economy.
Instagram Reels helps 81% discover, influences 47% purchases in India
Instagram Reels influences 47% of purchase decisions in India, with 81% of users discovering products through the platform, according to a Meta-commissioned study by Ipsos.
India plans VCCs at GIFT City to boost global appeal
India's finance ministry proposes a dedicated Variable Capital Companies (VCC) framework in GIFT City, aiming to rival global fund hubs like Singapore and Luxembourg.
India and US likely to sign 1st phase trade agreement
India and the US are set to finalize the first tranche of a vibrant interim trade agreement by mid-July, offering preferential access to Indian exports, says Piyush Goyal.
Estro Tech Robotics secures 1cr seed from Genrobotics Innovations
Estro Tech Robotics has raised ₹1 crore in a seed round led by Genrobotics, aiming to accelerate the development of AIoT-driven infrastructure technologies.
Piyush Goyal outlines India's $30 billion seafood export target
India plans to triple its seafood export earnings from $8.45 billion to over $30 billion in five years, leveraging sustainable practices and global market opportunities.
Gupshup says AI products now generate 25% of its revenue
Gupshup reports rising adoption of AI-driven customer engagement tools, with conversational products now contributing about 25% of its global revenue.
Ministry of Statistics nudges India's 2025-26 GDP forecast to 7.7%
India’s GDP grew by 7.7% in FY26, surpassing earlier estimates, while the RBI lowered its FY27 growth forecast to 6.6%, citing signs of moderation in some sectors.
Indian rupee strengthens to ₹94.93 after RBI measures
The rupee surged to Rs 94.93 per dollar on June 5, following the RBI's introduction of capital inflow measures, marking its biggest single-day gain in two months.
India's FY26 Q4 GDP rises 7.8% on new base year
India's GDP growth decelerated to 7.8% in FY26 Q4 from 8% in the previous quarter, as the new GDP series reflects post-pandemic shifts and inflation adjustments.
India's economy grows 7.7% in FY2025-26 and services jump 9.9%
India's economy expanded by 7.7% in FY26, up from 7.1% in FY25, with Q4FY26 GDP growing 7.8%, driven by robust services and manufacturing sector performance.
SpaceX $75 billion IPO excludes China and Hong Kong investors
SpaceX’s $75 billion IPO excludes investors from China and Hong Kong due to US export restrictions on critical technology, citing national security concerns.
Neelkanth Mishra cites near 8% growth, says RBI forecasts conservative
India's economy is expected to grow faster than the Reserve Bank of India's forecasts, according to World Bank Executive Director Neelkanth Mishra.
Sensex down 116 to 74,243 as RBI keeps rates steady
The Sensex dropped 116 points to close at 74,243.34, while Nifty ended below 23,400 as profit-booking and weak global cues overshadowed RBI's unchanged repo rate decision.
Rupee surges 84 paise against US dollar after RBI steps
The rupee surged 84 paise to close below 95 per dollar, marking its strongest single-day rise in over two months, driven by RBI measures to boost foreign inflows.
Sterlite Technologies and HFCL stocks surge on AI infrastructure boom
Indian firms linked to AI infrastructure added $47 billion in market value in 2026, driven by global investments in data centers and surging demand for essential equipment.
SEBI accuses Rajesh Exports of 15L/cr inflation via Valcambi
Indian regulators allege Rajesh Exports overstated revenue by $159 billion through its Swiss unit Valcambi, marking an unprecedented case in the country's accounting history.
Nasscom's Srikanth Velamakanni warns India lags in AI chipmaking, models
India's AI progress faces challenges in chip and model layers, with Nasscom Chairman Srikanth Velamakanni emphasizing the need for large-scale private capital and risk-appetite.
India to overtake China in purchasing power share by 2060
India is projected to overtake China in global GDP share by 2060, driven by population growth and economic expansion, signaling a multipolar world order in the 21st century.
Centre raises spending powers of military chiefs
In a major move, the Indian government has increased the financial powers of military commanders and service chiefs.
ITC uses AI to assess climate risks at 140 sites
ITC Ltd employs purpose-specific AI tools to assess climate risks across 140 sites, enabling site-specific adaptation plans and fostering sustainable operations.
RBI issues Grade B 2026 admit cards for June 13
The Reserve Bank of India has issued the RBI Grade B Admit Card 2026. Candidates can download it from rbi.org.in between June 5 and June 13, 2026.
Delhi seminar announces India joins heavy haul freight systems
India has entered the exclusive group of nations operating heavy-haul freight railways, aiming to reduce logistics costs through advanced technologies and global best practices.
Tata Sons IPO uncertain as RBI reviews upper-layer NBFC list
The initial public offering (IPO) of Tata Sons remains uncertain as Reserve Bank of India (RBI) Governor Sanjay Malhotra has announced plans to revise the list of upper-layer non-banking financial companies (NBFCs).
US military awards $159 million to Hermeus for supersonic Quarterhorse
Hermeus's Quarterhorse, backed by $219 million in funding, is advancing supersonic technology to rival the SR-71 Blackbird, with prototypes targeting speeds exceeding Mach 3.
India considers easing bilateral investment rules to attract more investors
In a bid to attract more foreign investment, the Indian government is considering changes to its bilateral investment treaty (BIT) framework.
Walmart and Uber refocus AI to ensure value for money
Enterprises are transitioning from widespread AI experimentation to prioritizing governance, cost control, and measurable returns, signaling a new phase in corporate AI adoption.
Innefu Labs raises $30 million, eyes global expansion and IPO
Innefu Labs, a national security-focused AI firm, raised $30 million in Series B funding from Panthera Growth Partners to drive global expansion and R&D initiatives.
Paras Healthcare launches fresh IPO plan to raise ₹1,800 cr
Paras Healthcare has refiled its Draft Red Herring Prospectus with SEBI to raise Rs 1,800 crore via IPO, including a Rs 500 crore fresh issue and Rs 1,300 crore offer-for-sale.
RBI NBFC list update could decide Tata Sons IPO fate
The Reserve Bank of India is set to update its upper-layer NBFC list, potentially influencing Tata Sons' IPO plans amid ongoing debates and stakeholder disagreements.
Australian shares suffer sharpest weekly fall since May 11
Australian shares suffered their steepest weekly drop since mid-May, with the S&P/ASX 200 index down 1.2%, as U.S.-Iran tensions and volatile oil prices unsettled investors.
RBI lowers GDP growth forecast for FY27 to 6.6%
The Reserve Bank of India (RBI) has revised its GDP growth forecast for the fiscal year 2026-27 (FY27) from 6.9% to 6.6%.
AirTrunk pledges $30 billion for Indian data centers by 2030
Sydney-based AirTrunk plans a $30 billion investment in India by 2030, focusing on AI-driven data infrastructure across key cities like Mumbai, Chennai, and Hyderabad.
Nikkei falls 1.3% after weak Broadcom results yet up 34%
Japan's Nikkei index fell 1.3% on Friday, retreating further from its record high, as technology stocks declined following dampened AI investment optimism in global markets.
Alembic Pharmaceuticals secures US FDA approval for haloperidol tablets
Alembic Pharmaceuticals received USFDA approval for its generic Haloperidol Tablets, used to treat psychotic disorders and Tourette's Disorder, expanding its US generics portfolio.
Hardeep Singh Puri meets Delcy Rodriguez, pledges India oil support
Union Minister Hardeep Singh Puri reaffirmed India's support for Venezuela's energy reconstruction, highlighting Indian companies' readiness to expand their presence in the nation.
Maruti Suzuki to invest ₹925cr in green energy by 2030-31
Maruti Suzuki plans to invest ₹925 crore in green energy initiatives by FY31, including biogas projects at its Kharkhoda and Manesar facilities to reduce fossil fuel dependence.
Google lays off employees in cloud and cybersecurity divisions
Google has laid off employees from its Cloud division and key cyber teams. The move comes as part of the ongoing tech sector layoffs as companies balance AI spending with headcount.
RBI eases investment norms for foreign investors to boost participation
The Reserve Bank of India (RBI) has announced a major policy change, removing concentration limits under the General Route for Foreign Portfolio Investors (FPIs).
Rupee jumps 50 paise as RBI eases foreign investment norms
The rupee appreciated by 50 paise to 95.24 against the US dollar after the RBI announced steps to attract foreign capital amid pressures from the Middle East conflict.
Groww and Zerodha AUM surge above industry average this year
Groww and Zerodha AMC have posted nearly 3x growth in assets under management (AUM) over the past year, significantly outpacing the overall AMC industry's 17% growth.
RBI keeps key rate at 5.25%, lowers FY27 GDP forecast
RBI maintained the repo rate at 5.25% on June 5, 2026, while lowering FY27 growth forecast to 6.6% and raising inflation projection to 5.1% due to global and domestic headwinds.
NSE launches electronic gold receipts redeemable for physical gold holdings
NSE's Electronic Gold Receipts (EGRs) offer a regulated, dematerialised way to trade and hold gold, combining transparency, standardisation, and the option for physical conversion.
Bitcoin treasury firms lose $62 billion after 14% weekly drop
Bitcoin treasury firms have lost $62 billion in market value as Bitcoin dropped 14% this week, highlighting the unraveling of a once-thriving digital-asset strategy.
Apple App Store generated $1.4 trillion in developer sales, billings
Apple has announced that its App Store generated over $1.4 trillion in developer billings and sales in 2025, a slight increase from the $1.3 trillion reported last year.
Google lays off cloud security teams to prioritize artificial intelligence
Google has conducted layoffs in its Cloud division, impacting teams like the Threat Intelligence Group and Mandiant, as it reallocates resources toward AI initiatives.
India exempts foreign investors from tax on government securities
The Indian government has issued the Income-tax (Amendment) Ordinance, 2026, offering tax relief to foreign institutional investors (FIIs) on interest income and capital gains from investments in government securities.
RBI pauses rate cuts: What it means for borrowers, savers
The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 5.25% for the second consecutive policy meeting.
RBI doubles NRI limit to 10% in listed Indian companies
The Reserve Bank of India has proposed increasing investment limits for NRIs, OCIs, and other overseas individuals in Indian equities without requiring SEBI registration.
India's forex reserves remain above $680B: RBI Governor
India's foreign exchange reserves stood at a robust $682.3 billion on May 29, RBI Governor Sanjay Malhotra announced during the Monetary Policy Committee meeting on Friday.
RBI raises inflation forecast for FY27 to 5.1%
The Reserve Bank of India (RBI) has revised its inflation forecast for the fiscal year 2026-27, projecting consumer price inflation (CPI) at 5.1%.
RBI raises investment limits for NRIs in Indian equities
The Reserve Bank of India (RBI) has raised the investment limits for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) in equity instruments on stock exchanges.
Anil Kumar Prasanna's GoodPass targets $250 billion experiences market
GoodPass aims to digitize the $250-billion experiences market by enabling seamless AI-driven travel planning and instant bookings through its advanced infrastructure.
Sanjay Malhotra warns West Asia conflict disrupts energy, supply chains
RBI Governor Sanjay Malhotra highlighted ongoing geopolitical tensions in West Asia, causing supply chain disruptions and rising energy prices, impacting global economic activity.
Reserve Bank of India unveils 5 measures to support rupee
The RBI introduced five initiatives, including expanded government securities access and increased NRI investment limits, to boost foreign capital amid rupee pressure.
Wipro stock falls 8% as ₹15000cr buyback record date announced
Wipro shares plunged 8% despite broader market gains, following its Rs 15,000 crore buyback turning ex-record date and workplace harassment allegations by a former employee.
RBI's repo rate pause keeps home loan EMIs unchanged
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.25%.
India exempts foreign investors from G-Sec taxes under 2026 ordinance
India has eliminated taxes on income and gains from government securities for foreign investors, making sovereign bond investments more attractive and globally competitive.
RBI opens 15, 30, 40-year government bonds to foreign investors
The Reserve Bank of India has included 15-year, 30-year, and 40-year government securities under the Fully Accessible Route, enhancing foreign investor access to long-term bonds.
RBI proposes 10% company, 24% aggregate limits for NRIs, OCBs
The Reserve Bank of India has raised equity investment limits for NRIs, OCIs, and PROIs, enhancing their access to Indian stock markets without SEBI registration.
RBI trims GDP forecast to 6.6% as oil prices surge
Rising crude oil prices and supply disruptions from the West Asia conflict have led the RBI to revise India's growth forecast downward and raise its inflation projection.
India's foreign exchange reserves $682.3 billion by May 29 2026
India's forex reserves stood at a robust $682.3 billion as of May 29, 2026, reflecting the RBI's strategic interventions to stabilize the rupee amid global uncertainties.
RBI raises 2026-27 inflation forecast to 5.1% at MPC meeting
The Reserve Bank of India, in its 2026 MPC meeting, raised the inflation projection to 5.1% for FY27, reflecting evolving economic conditions and global price pressures.
RBI holds repo rate at 5.25% and flags monsoon risks
The Reserve Bank of India (RBI) has kept the repo rate steady at 5.25%, citing global economic shocks and inflationary pressures from rising fuel prices as key considerations.
RBI pauses repo rate at 5.25% keeping home emis steady
The Reserve Bank of India maintained the repo rate at 5.25%, ensuring stability for home loan borrowers, with EMIs expected to remain unchanged in the near term.
Hindalco slips 1.45% to ₹1,109.30 on Friday amid selling pressure
Hindalco Industries' shares fell ₹16.30 or 1.45% to ₹1,109.30 in early Friday trade, with sell orders slightly outpacing buys at 52.05%.
Reserve Bank of India keeps repo, SDF, MSF rates unchanged
The Reserve Bank of India's Monetary Policy Committee unanimously decided to keep the policy repo rate unchanged at 5.25%, maintaining a neutral stance amid economic uncertainties.
Switch seeks billions for over $50B valuation, eyes 2027 IPO
Data centre developer Switch is reportedly in discussions to raise billions of dollars at a valuation exceeding $50 billion, potentially setting the stage for an IPO next year.
RBI Monetary Policy Committee with Governor Sanjay Malhotra weighs repo
The Reserve Bank, led by Governor Sanjay Malhotra, maintained the repo rate at 5.25%, reflecting caution amid inflation concerns and geopolitical uncertainties.
India to debut Sampoorn program to expand compressed biogas capacity
India plans to increase compressed biogas purchase prices and offer subsidies for new plants under the Sampoorn program, aiming to cut emissions and reduce fossil fuel dependency.
Goldman Sachs Bank Europe SE buys Billionbrains Garage Ventures stake
Friale Fund IV sold 1.13 crore Groww shares for Rs 210 crore in a block deal, with Goldman Sachs Bank Europe SE acquiring the stake at a slight discount.
RBI holds repo rate at 5.25% for 3rd consecutive time
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has kept the benchmark repo rate steady at 5.25% in its June review.
PwC finds ₹2,200cr hole in IndusInd treasury accounts
A confidential review by PricewaterhouseCoopers (PwC) has flagged serious accounting lapses in IndusInd Bank's treasury operations.
Investors pull 52,000 BTC from ETFs, Bitcoin drops to $62,742
Bitcoin dropped 2.4% to $62,742 as ETF outflows persisted for 13 days, while rising volatility and weak institutional demand pressured the broader cryptocurrency market.
Cognition offers up to $10 million in credits if Devin underdelivers
Cognition offers up to $10 million in credits if its AI tool, Devin, fails to deliver productive engineering value, addressing rising concerns over high AI costs for companies.
Sensex gains as investors await RBI on rupee, energy concerns
Benchmark indices surged on Friday, with Sensex up 200 points and Nifty nearing 23,450, driven by strong buying in IT shares and anticipation of RBI's rate pause.
Sensex rises 150 points to 74,629.94, rupee strengthens to ₹95.66
The Nifty 50 climbed 0.27% to 23,478.95, while the Sensex gained 150 points to 74,629.94 as markets opened higher ahead of the RBI's monetary policy decision.
Why crypto bros are dumping Bitcoin
Bitcoin is facing a major sell-off at the start of June, with the cryptocurrency down 13% this week.
India may cut investment treaty dispute wait to 3 years
India is reviewing its bilateral investment treaty framework to attract foreign capital, potentially reducing arbitration waiting periods and adding safeguards.
India 10-year yield falls to 6.98% ahead of RBI review
Indian government bond yields fell slightly on June 5, with the 10-year yield at 6.9802%, as traders awaited the Reserve Bank of India's monetary policy announcement.
Invesco's Hiten Jain says IT stocks offer 4-5% FCF yields
Hiten Jain of Invesco Mutual Fund views AI disruption fears as exaggerated, emphasizing IT services' critical role in enabling enterprise technology adoption.
Airbnb CEO reportedly setting up AI lab for travel planning
Airbnb CEO Brian Chesky is launching a new AI lab to explore innovative, interactive experiences beyond traditional chatbots, reshaping how users engage with AI services.
GIFT City in India sees wave of senior banker departures
Senior banking executives are resigning from GIFT City roles amid rising competition for experienced financial-sector talent in India’s finance hub.
Bitcoin down 13% after 13-day ETF outflows and AI-semiconductor interest
Bitcoin faces a 13% weekly drop amid record ETF outflows, fading regulatory optimism, and investor shifts toward AI and semiconductor stocks.
Emergent in talks to raise $200 million at $1.5B valuation
Emergent, a Bengaluru and San Francisco-based AI startup, is in advanced talks to raise $200 million at a $1.5 billion valuation, with Creaegis, Amazon, and others participating.
South Korea's minister Kim Young-hoon urges AI profit sharing
South Korea's labour minister urged tech giants like Samsung to share excess AI-driven profits with suppliers and workers, aiming to address growing income inequality.
AWS CEO Matt Garman: AI changes jobs, not eliminates them
Amazon Web Services CEO Matt Garman dismissed claims that AI will cause mass unemployment, emphasizing instead that it will create new opportunities requiring adaptable skills.
Sterlite Technologies up over 530% as data center stocks surge
Indian industrial firms supplying data centers are thriving amid the global AI infrastructure boom, with stocks like Sterlite Technologies and HFCL surging due to rising demand.
Kevin O'Leary halves Utah Stratos AI campus after local pushback
Kevin O'Leary announced he will reduce the size of his Stratos Center in Utah by half after facing public and political opposition over environmental and regional concerns.
ChangXin Memory files $4B IPO as China tech stocks double
China's semiconductor sector is surging, driven by ChangXin Memory's $4-billion IPO and Huawei's breakthrough technology, as Beijing intensifies efforts toward tech self-reliance.
Oil prices steady as stalled U.S.-Iran talks complicate Hormuz transit
Oil prices remained steady Friday after sharp declines, as uncertainty loomed over U.S.-Iran peace talks amid escalating Middle East tensions and limited Strait of Hormuz traffic.
CBSE awards ₹38.46cr digital marking contract to Coempt Edu Teck
The CBSE’s on-screen marking (OSM) contract awarded to Coempt Edu Teck rose by ₹10 crore, despite the workload remaining unchanged, raising concerns over procurement transparency.
Sterlite Technologies leads India stock surge amid AI boom
Sterlite Technologies Ltd. has surged over 530% this year, driven by a $1.1 billion contract, highlighting India's industrial firms benefiting from AI infrastructure investments.
India's finance ministry warns West Asia conflict may delay recovery
The finance ministry warned that pre-conflict trade patterns might not resume until late 2026 or early 2027, citing elevated energy prices and supply-chain disruptions.
South Park Commons doubles down on India's deep tech startups
South Park Commons (SPC) is intensifying its focus on India's deeptech sector, targeting areas like semiconductors and robotics, with plans to allocate 50% of investments.
Hindustan Copper shares jump 120% as copper demand surges
India's growing AI and electrification sectors are driving a surge in copper demand, attracting investors to domestic copper-related companies despite supply constraints.
Government considers raising deposit insurance limit from 5L to 7.5L
The finance ministry has proposed raising deposit insurance cover from ₹5 lakh to ₹7.5 lakh, aiming to bolster depositor confidence amid concerns over co-operative bank stability.
House Ways and Means to unveil crypto tax rules Friday
The House Ways and Means Committee is finalizing bipartisan legislation to address cryptocurrency taxation, including mining, staking, and stablecoin transactions.
S&P Global profit rules block SpaceX's swift S&P 500 entry
Elon Musk's SpaceX faces a hurdle as S&P Global rules out swift inclusion in the S&P 500, citing profitability and other requirements despite its record-breaking IPO valuation.
India reaches 23% of 2026-27 asset sale goal with ₹18,454cr
India's government has achieved over 23% of its ₹80,000-crore asset-sale target for FY27, raising ₹18,454.42 crore through stake sales and land monetization initiatives.
US job openings 7.62 million in April, highest since May 2024
US job openings surged to 7.62 million in April, driven by a sharp rise in white-collar roles, signaling renewed demand for professional talent after a prolonged hiring slowdown.
Anthropic files IPO, Daniela Amodei says after $965 billion valuation
Anthropic co-founder Daniela Amodei remains optimistic about AI's potential despite concerns over corporate spending, as the company confidentially files for a public listing.
Microsoft tightens human rights safeguards after Unit 8200 cloud misuse
Microsoft announced stricter human rights controls after an inquiry revealed its cloud technology was used by Israel’s military for mass surveillance of Palestinians.
India and US work to wrap up trade deal
India and the US are advancing trade negotiations, focusing on non-tariff measures, customs facilitation, and economic security alignment to strengthen bilateral economic ties.
Piyush Goyal urges businesses to choose India for manufacturing
Union commerce minister Piyush Goyal urged industries to view India as a global manufacturing and innovation base, highlighting its role as the world's fastest-growing economy.
HDFC Bank to end agent sourcing of government deposits July
HDFC Bank has directed its agents to halt mobilising government funds, citing branch network expansion and strategic realignment effective July 1, 2026.
India's Ministry of Coal launches ₹37,500cr gasification scheme, applications open
The Coal Ministry has launched an RFP under a ₹37,500 crore scheme to promote coal gasification, targeting 100 million tonnes of gasified coal production by 2030.
Peanut butter found triggers Bazzini LLC recall of SkinnyDipped bites
SkinnyDipped Dark Chocolate Coconut Almond Bites were recalled nationwide after a consumer reported finding peanut butter products in packages, posing serious allergy risks.
Piyush Goyal says India to finalize 3 or 4 FTAs
India plans to implement 6–7 major FTAs by next year, with three already set to operationalize in the next six months, according to minister Piyush Goyal.
DPIIT leads 'Make in India 2.0' aiming at 100 products
India forms six working groups to identify 100 essential products for domestic manufacturing, aiming to reduce import dependence and boost self-reliance across key sectors.
Sam Altman-backed Helion raises $465 million to power Microsoft by 2028
Helion, backed by Sam Altman, raised $465 million in a Series G round, valuing the company at $15.5 billion as it races to build its first power plant for Microsoft.
Foreign law firms launch India desks abroad amid slow reforms
Foreign law firms are setting up India desks globally, leveraging cross-border business demand as uncertainty looms over India's legal sector liberalization.
Barclays survey of 410 investors finds AI aids credit traders
Artificial intelligence is enhancing research and analysis in global credit markets, but it’s not replacing human traders yet, according to a Barclays Plc survey of 410 investors.
'Dawood's assassination attempts, son's kidnapping': Lalit Modi on quitting cricket
Former Indian Premier League (IPL) commissioner and chairman, Lalit Modi, has revealed the reasons behind his exit from the sport.
Indian IT firms tap GCCs for AI deals
India's leading IT services companies, including Infosys, Cognizant, HCLTech and Hexaware Technologies are focusing on Global Capability Centers (GCC) to meet the growing demand for artificial intelligence (AI) solutions.
Rajesh Exports' ₹15 trillion discrepancy: Fraud or accounting error?
The Securities and Exchange Board of India (SEBI) has launched an investigation into Rajesh Exports, a leading gold exporter.
Carlsberg India takes step toward IPO with public company status
Carlsberg India is gearing up for a possible stock market listing.
SoftBank slides 11%, biggest drop in months
SoftBank Group Corp's shares have taken a major hit, falling over 11% on Thursday.
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).
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Reporting cyberattacks on India's financial sector might soon become easier
The Indian government is working on a unified system for reporting and responding to cyberattacks across the financial sector, Moneycontrol has reported.
Alphabet seeks $80B to fund AI expansion
Google's parent company, Alphabet, has announced plans to raise $80 billion through a series of stock sales. The move includes a big investment deal with Berkshire Hathaway.
South Korea overtakes India as 6th-largest stock market
South Korea's stock market has overtaken India's to become the world's sixth largest.