LOADING...

Business News

No jargons, no mumbo-jumbo. Read the unadulterated Business news here.

15 May 2026
TL;DR

Brent nears $107 as IEA warns Hormuz closure threatens supplies

Oil prices climbed as the Strait of Hormuz remained closed, while efforts to resolve the Iran war faced a stalemate, keeping global energy markets under pressure.

15 May 2026
TL;DR

Gautam Adani and nephew Sagar settle SEC allegations for $18 million

Gautam Adani and nephew Sagar agreed to pay $18 million to settle SEC allegations of false statements about Adani Green Energy, pending court approval.

15 May 2026
TL;DR

Temasek, Alpha Wave Global eye $1.3B Adani Airport Holdings stake

Temasek and Alpha Wave Global are in talks to invest $1.3 billion in Adani Airport Holdings, valuing the company at $18 billion amid India's booming air traffic growth.

15 May 2026
TL;DR

D2C brands face 5% to 6% consumer spending drop, analysts

Rising input costs and inflation are pressuring D2C brands, with consumer spending projected to drop 5-6%, forcing companies to absorb costs or consider price hikes up to 10%.

15 May 2026
TL;DR

Agrani Labs seeks $100 million Series A for CUDA-compatible AI chips

Agrani Labs, founded by ex-Intel and AMD executives, seeks $100 million in Series A funding to develop AI inference chips compatible with Nvidia's CUDA software stack.

15 May 2026
TL;DR

CBRE: Chennai climbs to 2nd in India jewelry leasing 2025

Chennai accounted for 27% of India’s jewellery leasing activity in 2025, driven by cultural demand and expansion by legacy and emerging brands into larger flagship stores.

15 May 2026
TL;DR

Stephen Miran to resign as Kevin Warsh becomes Fed chair

Federal Reserve Governor Stephen Miran will step down to make way for Kevin Warsh, President Trump's nominee, as the next Fed chair following his Senate confirmation.

15 May 2026
TL;DR

AI erases $186 billion, 45% from Indian IT market value

India's top 10 software exporters have lost 45% of their market cap since December 2024, driven by disruptive AI technology reshaping client deployment and industry dynamics.

15 May 2026
TL;DR

Indian rupee slips to ₹95.96, closes ₹95.76 after RBI action

The Indian rupee approached 96/$ amid foreign fund outflows and oil-driven inflation but recovered slightly after central bank intervention, closing at 95.76/$ on Thursday.

15 May 2026
TL;DR

Donald Trump bought up to $5 million each in major companies

Donald Trump purchased up to $5 million each in Nvidia, Boeing, and Microsoft during the first quarter, according to financial disclosures released Thursday.

15 May 2026
TL;DR

SpaceXAI loses 50+ staff including Grok voice specialists, Juntang Zhuang

Elon Musk’s SpaceXAI has lost over 50 researchers and engineers since February, with rivals like Meta and Thinking Machine Labs absorbing key talent from the rebranded company.

15 May 2026
TL;DR

Dow tops 50,000 as stocks rally on AI and earnings

The S&P 500 surpassed 7,500 and the Dow reclaimed 50,000 as AI-driven momentum and strong corporate earnings fueled a record-breaking rally across major US indices.

15 May 2026
TL;DR

India WPI inflation at 8.3% in April hits 42-month high

India's wholesale prices surged 8.3% year-on-year in April, driven by soaring energy costs amid the West Asia war, marking the steepest rise in 42 months.

15 May 2026
TL;DR

India IT faces talent surplus amid 32% candidate surge

India's IT sector sees a 32% surge in jobseekers within four months, driven by global shifts and AI adoption, creating fierce competition for roles.

15 May 2026
TL;DR

Indian firms shift logistics to EVs, rail under government push

Top Indian companies are accelerating fleet electrification, with PepsiCo, Maruti Suzuki, Hindustan Unilever, and Dabur India leading efforts to adopt EVs and rail transport.

15 May 2026
TL;DR

Indian firms' March foreign borrowings plunge 51% to $5.43bn

Foreign currency borrowings by Indian corporates plunged 51% in March 2026, driven by high global interest rates, rupee weakness, and rising hedging costs deterring overseas loans.

15 May 2026
TL;DR

Elon Musk and OpenAI on trial over nonprofit abandonment claims

The high-profile trial between Elon Musk and OpenAI concluded Thursday, leaving reputations tarnished and no clear winners as both sides faced intense scrutiny.

15 May 2026
TL;DR

India explores tech hub NABARD may lead for RRBs' cybersecurity

The Indian government aims to bolster Regional Rural Banks with a centralized tech hub, addressing digital service expansion and cybersecurity amid rising AI-driven threats.

14 May 2026
Reserve Bank Of India (RBI)

Centre plans tax cuts for foreign bond investors

The Indian government is considering a major tax cut on the country's bonds for foreign investors.

14 May 2026
Amazon

Amazon announces fresh layoffs amid ongoing restructuring

Amazon has announced another round of layoffs, this time in its Selling Partner Services division.

14 May 2026
Europe

Airline tickets in Europe likely to become costlier: Here's why

The ongoing conflict in Iran has disrupted fuel supplies and driven up jet fuel prices, prompting warnings of higher airfares across Europe.

14 May 2026
OpenAI

Indian IT stocks fall for 4th day

Indian IT stocks have witnessed a decline for the fourth consecutive session, owing to fears of AI-led disruption after OpenAI's latest announcement.

14 May 2026
Elon Musk

How Sam Altman became billionaire without OpenAI shares

Sam Altman, the CEO of OpenAI, has become a multi-billionaire despite not holding any equity in the company he leads.

14 May 2026
US Federal Trade Commission

Shutterstock to pay $35M in FTC settlement over subscription practices

Shutterstock has agreed to pay $35 million to settle allegations brought by the Federal Trade Commission (FTC) over deceptive subscription and billing practices.

14 May 2026
HCL

HCLTech bets $150M on Sarvam AI

HCLTech is set to lead a $300 million (approximately ₹2,850 crore) funding round in Sarvam AI, an Indian company specializing in foundational models.

14 May 2026
Social Media

Trump admin defends visa restrictions for social media moderators

The Trump administration is defending its controversial policy to deny entry to some social media moderation advocates.

14 May 2026
Reserve Bank Of India (RBI)

India's wholesale inflation spikes to 42-month high

India's wholesale inflation has spiked sharply to a 42-month high of 8.3% in April, significantly outstripping March's 3.88% and the 5.5% estimate.

14 May 2026
Reserve Bank Of India (RBI)

Indian rupee hits new all-time low of 95.85 per dollar

The Indian rupee has hit a new all-time low, falling to 95.85 against the US dollar on Thursday.

14 May 2026
Donald Trump

China is open for business, Xi tells US CEOs

Chinese President Xi Jinping has assured top United States CEOs of greater access to the Chinese market.

14 May 2026
US Army

Anduril hits $61B valuation after fresh $5B funding round

US-based defense technology company Anduril Industries has raised a whopping $5 billion in its latest funding round. The investment has doubled the company's valuation to an impressive $61 billion.

14 May 2026
Cisco

Cisco to lay off 4,000 employees amid AI-led restructuring

Cisco Systems, the networking equipment maker, has announced plans to cut its workforce by nearly 4,000 employees in Q4 FY26. The decision comes as part of an AI-driven business restructuring strategy.

14 May 2026
Elon Musk

Mississippi loophole leaves xAI's gas-powered data center largely unregulated

Elon Musk's artificial intelligence company, xAI, is facing a lawsuit from the NAACP (National Association for the Advancement of Colored People) over its operation of 46 natural-gas turbines at its Mississippi data center.

14 May 2026
Inflation

India bans sugar exports

India, the world's second-largest sugar producer, has imposed an immediate ban on sugar exports until September 30, 2026.

14 May 2026
LinkedIn

Microsoft-owned LinkedIn to lay off nearly 5% of workforce

Microsoft-owned professional networking platform, LinkedIn, is gearing up to cut nearly 5% of its global workforce. The move comes as part of a larger restructuring effort within the tech industry.

14 May 2026
Donald Trump

Trump ally Kevin Warsh confirmed as new Federal Reserve chair

Kevin Warsh has been confirmed as the new chair of the Federal Reserve in a historic Senate vote.

Your final provident fund withdrawal claims will soon be automated

The Employees' Provident Fund Organisation (EPFO) is set to revolutionize its services by automating the process of settling final provident fund withdrawal claims.

13 May 2026
Indian Government

Selling fake external hard drives to become difficult in India

The Indian government has decided to bring external hard disk drives (HDDs) under a safety and registration regime.

13 May 2026
Anthropic

Anthropic plans to buy this AI start-up for over $300M

AI start-up Anthropic is said to be in advanced talks to buy Stainless, a company that creates software for easier access to artificial intelligence (AI) models.

13 May 2026
SpiceJet

SpiceJet moves SC against a deposit order of ₹144.5cr 

SpiceJet has challenged a Delhi High Court order in Supreme Court that asked the airline to deposit ₹144.5 crore in its ongoing legal battle with Kalanithi Maran and KAL Airways Pvt Ltd.

13 May 2026
Amul

Amul's milk products will be ₹2 costlier from tomorrow

Amul has announced a price hike of ₹2 per liter on its milk products, effective from tomorrow.

13 May 2026
Tata Motors Ltd

Tata Motors Q4 profit surges 34% to ₹1,793cr

Tata Motors has reported a 33.8% jump in its consolidated net profit for the fourth quarter of FY26.

13 May 2026
Indian Government

Gold prices soar after duty hike: Hold or book profits?

The Indian government's decision to raise import duties on gold and silver to 15% has sent shockwaves through the market.

13 May 2026
Bharti Airtel

Bharti Airtel Q4 profit falls 34% to ₹7,325cr

Bharti Airtel has reported a 34% decline in its net profit for the fourth quarter ending March 31, 2026.

13 May 2026
Vedanta

Why India's metal stocks jumped sharply today

Metal stocks in India witnessed a major rally on Wednesday. The surge was led by Hindustan Zinc, Vedanta, and Hindustan Copper.

13 May 2026
Indian Rupee (INR)

Indian rupee hits fresh all-time low of 95.8 per dollar

The Indian rupee has hit a new all-time low of 95.79 against the US dollar, as hopes for a peace deal between the United States and Iran fade.

13 May 2026
Akash Ambani

Akash Ambani appointed Jio Platforms MD ahead of IPO

In a major pre-IPO development, Jio Platforms has appointed Akash Ambani as its managing director for five years.

13 May 2026
Reserve Bank Of India (RBI)

Modi government may get record dividend from RBI in 2026

The Reserve Bank of India (RBI) is likely to transfer a record dividend to the Indian government this year, as per PTI.

13 May 2026
Narendra Modi

After Modi's austerity call, PwC urges employees to reconsider trips

PwC India, one of the leading Big Four firms, has asked its employees to reconsider their travel plans.

13 May 2026
Uber

Uber partners with Adani for its 1st Indian data center

Uber has announced a partnership with the Adani Group to establish its first data center in India.

13 May 2026
TVS Motor Company

TVS Motor's Q4 net profit jumps 19% YoY to ₹772cr

TVS Motor Company has reported a 19% year-on-year increase in its consolidated net profit for the fourth quarter of FY26.

13 May 2026
Dubai

Why India's gold imports from Dubai may rise

The recent hike in import duty on gold from 6% to 15% may lead to a surge in imports from Dubai, according to think tank Global Trade Research Initiative (GTRI).

13 May 2026
Karnataka

Karnataka hires almost 30% of India's AI GCC talent

Karnataka is leading India's global capability center (GCC) talent market, contributing nearly 30% of the country's artificial intelligence (AI)-related GCC hiring.

13 May 2026
Reserve Bank Of India (RBI)

RBI governor hints at fuel price hike in India

Reserve Bank of India (RBI) Governor Sanjay Malhotra has warned that India may have to raise retail fuel prices if the ongoing conflict in the Middle East continues.

13 May 2026
Donald Trump

Trump is taking America's biggest CEOs to China

US President Donald Trump will be accompanied by a number of top business and tech industry executives on his upcoming trip to China.

13 May 2026
JP Morgan

Could JP Morgan scrap its upcoming £3B London HQ?

JP Morgan's CEO Jamie Dimon has hinted that the bank could reconsider its plans for a new £3 billion headquarters in London.