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ICEYE to open Asia Pacific satellite production facility in India
ICEYE, a global space-tech leader, plans to launch its first Indian production facility within a year to manufacture satellites for defence and environmental monitoring.
Muthoot Fincorp plans to raise ₹4,000cr via IPO in India
Muthoot Fincorp's board has approved a plan to raise up to ₹4,000 crore through an initial public offering (IPO).
Nasscom chair Velamakanni urges firms to double AI tech spending
Srikanth Velamakanni, Nasscom Chairperson, outlines plans to double India’s tech spending and reshape narratives around AI innovation, sovereignty, and workforce dynamics.
Jensen Huang opposes banning US AI chip exports to China
Nvidia CEO Jensen Huang dismissed calls to cut off China from advanced AI chips, arguing such trade bans would backfire and harm U.S. global tech dominance.
ICAI revises CA syllabus to add AI, analytics, ESG, sustainability
ICAI plans to revamp its CA curriculum by introducing AI, data analytics, ESG, and sustainability subjects to align with evolving industry demands and technological advancements.
India's gems and jewelry exports drop 9% to $2.2 billion
India's gems and jewellery exports fell 9.07% in April to $2,226.45 million, impacted by the West Asia conflict and uncertainties over US tariffs, according to GJEPC data.
NCLAT rules Videocon Industries and VOVL must undergo separate bankruptcies
The NCLAT has upheld independent insolvency processes for Videocon Industries and Videocon Oil Ventures, citing their distinct business sectors and specialized resolution needs.
US court gives xAI boost in Apple OpenAI suit
A US court allowed xAI to include Apple software chief Craig Federighi in its antitrust case against Apple and OpenAI but rejected adding CEO Tim Cook as a document custodian.
Hybrid mutual funds attract ₹1.55L/cr in FY26 up 29%
Hybrid mutual funds saw inflows of ₹1.55 lakh crore in FY26, a 29% rise, as investors favored diversified strategies amid volatile markets and geopolitical uncertainties.
Meta secures billion-dollar tax incentives for Louisiana Hyperion AI center
Meta’s $10 billion AI data centre in Louisiana reportedly received billions in tax breaks, with early negotiations shrouded in secrecy through code names and shell companies.
Why SBI has been ordered to pay a widow ₹5L
The Nagpur District Consumer Disputes Redressal Commission has ordered the State Bank of India (SBI) to pay ₹5 lakh to a widow for an insurance claim that was filed six years late.
These IPOs will dominate India's primary market next week
India's primary market is set for an active week, with four SME public offers slated to raise over ₹138 crore.
'Royal Pop' watch launch canceled: What did Swatch say?
The launch of the Audemars Piguet x Swatch "Royal Pop" collection turned into a frenzy across major cities, including Bengaluru, Delhi, Mumbai, and Dubai yesterday.
Your power bills in India might go up soon
The Central Electricity Authority (CEA) has proposed a hike in fixed monthly electricity charges, which could lead to an increase in household power bills in India.
Market cap of India's top 9 firms down ₹3.12L crore
The combined market capitalization of nine out of the top 10 most valued companies in India has witnessed a massive drop of ₹3.12 lakh crore last week.
Meet Nirmal Narvekar, Harvard's Indian-American fund manager retiring in 2027
Nirmal Narvekar, an Indian-American financier, has announced his retirement from Harvard University in 2027.
SriLankan Airlines accuses Indian employees of ₹22M fraud
SriLankan Airlines has accused a group of its Indian employees in Chennai's finance department of embezzling ₹22 million.
SriLankan Airlines says Chennai finance staff accused of misusing ₹2.2cr
SriLankan Airlines has alleged that Indian employees in its Chennai office misappropriated ₹22 million by altering invoices, payment details, and signatures.
India, Chile expedite trade agreements with focus on critical minerals
India and Chile are accelerating their bilateral partnership, with a special emphasis on trade agreements and critical minerals.
Innovaccer cuts about 340 jobs to become AI native
Innovaccer CEO Abhinav Shashank announced another round of layoffs, impacting 340 employees, as the $3.45 billion healthtech startup transitions into an AI-native company.
Foreign investors withdraw ₹27,000cr from Indian equities in May
Foreign Portfolio Investors (FPIs) have continued their trend of withdrawing funds from Indian equities, pulling out ₹27,048 crore in May.
CEOs cutting entry-level hiring as AI increasingly handles routine work
A recent global survey has revealed a major shift in hiring practices among CEOs, with many now preferring experienced professionals over entry-level candidates.
India and Chile accelerate CEPA talks and critical minerals cooperation
India and Chile accelerated CEPA negotiations and critical minerals cooperation during Foreign Minister Francisco Pérez Mackenna's visit, emphasizing economic ties and innovation.
US Fed expected to hold interest rates steady through 2026
The US Federal Reserve is expected to change its easing bias at the next Federal Open Market Committee (FOMC) meeting and adopt a tightening stance through 2026.
India becomes KitKat's biggest market worldwide, surpassing Japan and Brazil
India has surpassed all other countries to become the largest market for Nestlé's iconic KitKat, driven by strong consumer demand and innovative product strategies.
Muthoot FinCorp reports ₹73,500cr AUM, posts strong profit, revenue growth
Muthoot FinCorp Limited (MFL) has reported a consolidated assets under management (AUM) of ₹73,448.82 crore for FY26.
India's ₹1.7L crore fuel challenge may have a surprising fix
As India grapples with rising energy import costs and a depreciating rupee amid global oil price fluctuations, a Monaco-based fuel technology company has proposed an innovative solution: water.
FPIs pulled out ₹27,048cr from Indian equities in May 2026
Foreign Portfolio Investors pulled out Rs 27,048 crore from Indian equities in May 2026, pushing total outflows for the year to Rs 2.2 lakh crore amid global economic uncertainty.
Nearly half of CEOs plan AI-driven entry-level cuts globally
Nearly half of global CEOs plan to reduce entry-level hiring as AI increasingly handles routine tasks, emphasizing experienced employees for critical thinking and decision-making.
Elara Securities sees Fed keeping rates steady through 2026
The Federal Reserve is expected to maintain interest rates through 2026, as inflation risks outweigh labor market concerns, according to a report by Elara Securities.
Politicians quietly bankroll influencers as paid political endorsements surge online
Social media influencers have become a major target for political campaigns and groups looking to push their agendas without revealing the source of their funding.
Muthoot FinCorp posts strong FY2025-26 profit and ₹73,448.82cr AUM
Muthoot FinCorp Limited reported consolidated assets under management (AUM) of ₹73,448.82 crore in FY26, alongside a robust PAT of ₹1,847.62 crore and revenue of ₹11,227.80 crore.
SpaceX preparing to file S-1 this week for 1st IPO
SpaceX is preparing to file its S-1 this week, marking the first step in its journey toward an initial public offering (IPO) and potential stock market debut.
Delhivery Q4 results: Net profit sees slight dip to ₹72cr
Leading logistics company Delhivery has reported a slight decline of 0.2% in its net profit for the fourth quarter (Q4) of FY26.
Power Grid Corporation's Q4 profit jumps 10% YoY to ₹4,546cr
Power Grid Corporation of India has reported a nearly 10% increase in its consolidated net profit for the March quarter.
Vodafone Idea posts 1st profit in nearly 6 years
Vodafone Idea has reported a consolidated net profit of ₹51,970 crore for the March quarter of FY2025-26. This is the company's first-ever profit in nearly six years.
Four SMEs open IPOs on NSE SME and BSE SME
Four SME companies, including a cloud kitchen brand, are set to launch IPOs this week, aiming to raise over Rs 138 crore across diverse sectors like food services and construction.
CEA proposes higher fixed electricity charges as rooftop solar rises
The Central Electricity Authority proposes higher fixed monthly charges, potentially increasing household power bills even for low-usage consumers as discoms seek cost recovery.
Nine of India's top companies lose ₹3.12L/cr, Reliance loses ₹1.34L/cr
The combined market valuation of nine of the top 10 valued firms fell by ₹3.12 lakh crore last week, with Reliance Industries suffering the steepest loss at ₹1.34 lakh crore.
Report: Intel to make Apple chips amid TSMC squeeze
Intel's preliminary chip deal with Apple underscores how AI-driven demand and geopolitical tensions are transforming semiconductor industry dynamics and global supply chains.
Aditya Birla Group to invest ₹4,700cr in Vodafone Idea
Aditya Birla Group has announced a major investment of ₹4,730 crore in Vodafone Idea (Vi) through a preferential allotment.
Amid AI-induced layoffs, this tech role saw 700% hiring growth
As artificial intelligence (AI) continues to transform enterprise technology, a new job title is emerging as the most sought-after role in Silicon Valley: the forward-deployed engineer.
Power Grid Q4 profit ₹4,546.33cr rises on deferred tax credits
State-owned Power Grid Corporation reported a 10% rise in consolidated net profit to ₹4,546.33 crore for Q4 FY25, driven by higher deferred tax credit.
CNG prices hiked again, Delhi crosses ₹80/kg in 2 days
Indraprastha Gas Limited (IGL) has raised compressed natural gas (CNG) prices by ₹1 per kg across its network in Delhi-NCR.
India's rupee hits record above 96 per dollar, RBI intervenes
India faces mounting pressure as the rupee hits record lows, driven by surging oil prices and foreign investor outflows, threatening economic stability and growth ambitions.
LinkedIn Talent Velocity Report 2026: AI increases soft skills value
LinkedIn's Talent Velocity Report 2026 reveals that while AI adoption grows, 93% of talent leaders emphasize human skills as critical for career growth and salary potential.
Demand for forward-deployed engineers jumps 729% as salaries top ₹1.7cr
Demand for forward-deployed engineers surged 729% in a year, with salaries exceeding ₹1.7 crore, as companies seek experts to integrate AI into business operations.
Kevin Warsh begins Federal Reserve term as inflation hits 3.8%
Kevin Warsh begins his tenure as Federal Reserve Chair facing surging inflation, while navigating political demands from President Trump to cut interest rates.
NSE launches Electronic Gold Receipts with 995 and 999 purity
Launched by NSE on May 4, 2026, Electronic Gold Receipts (EGRs) offer a secure and flexible way for buyers to trade, hold, or convert gold digitally with assured purity.
After Hormuz closure Singapore becomes India's 2nd biggest export destination
India's exports to Singapore surged 180% in April, overtaking the UAE amid disruptions caused by the West Asia war and the closure of the Strait of Hormuz.
Nirmal Narvekar to retire in 2027 after $57B Harvard turnaround
Nirmal Narvekar, the Indian-American financier who transformed Harvard’s $57 billion endowment, announced plans to step down in 2027 after a decade of leadership.
Mark Stevens's $175 million gift launches Silicon Valley medical school
Mark Stevens and wife Mary donated $175 million to establish the Mark & Mary Stevens School of Medicine, Silicon Valley's first new medical school in over a century.
IIT Madras '100 Startups a Year' reports 25% women co-founders
Nearly 25% of startups incubated under IIT Madras' "100 Startups a Year" mission have women co-founders, reflecting growing diversity in India's deep-tech and startup ecosystem.
BLS finds AI reshaping US job market, customer service hit
Employment in AI-exposed roles dropped 0.2% from May 2024 to May 2025, with customer service jobs seeing a sharper decline of 4.8%, signaling growing automation effects.
FPIs pull out ₹13,741cr from Indian market this week
Foreign portfolio investors (FPIs) have continued their selling spree in the Indian market for the fourth consecutive week.
Why did UAE exit OPEC and OPEC+ oil cartels?
The United Arab Emirates (UAE) has clarified that its recent exit from OPEC and OPEC+ was a strategic decision, not a political one.
TCS CEO's pay rises to ₹28cr amid 23,460 job cuts
Tata Consultancy Services (TCS) CEO and Managing Director K Krithivasan's total remuneration for FY26 has been pegged at ₹28.1 crore, a 6% increase from the previous year's ₹26.5 crore, as per the company's annual report.
NHPC's Q4 profit jumps 68% to ₹1,549cr
State-owned NHPC has reported a consolidated net profit of ₹1,549.42 crore for the fourth quarter of FY26.
Filing ITR? Keep these documents handy before you start
Filing your Income Tax Return (ITR) can be a breeze if you have all the required documents in order.
European stocks fall steepest since March as oil prices spike
European stocks witnessed their steepest decline since March, with the Stoxx 600 index falling by 1.5% on Friday.
Walmart, Amazon race to dominate rural America's online delivery market
Walmart and Amazon are racing to improve online order deliveries in rural America.
YouTube, TikTok, Snap settle social media addiction case
YouTube, TikTok, and Snap have settled a case related to social media addiction.
Coal India subsidiary gets permission for an IPO
Coal India Limited, the largest coal producer in the country, has received approval from the Department of Investment and Public Asset Management (DIPAM) for listing its subsidiary Mahanadi Coalfields Limited (MCL).
Why board meeting of Tata Trusts has been postponed again
The Tata Trusts has indefinitely postponed its board meeting, originally scheduled for May 8 and postponed to today, following an order from the Maharashtra Charity Commissioner.
SpaceX shares might get listed on NASDAQ on June 12
Elon Musk's aerospace company, SpaceX, is gearing up for a major stock market debut.
OpenAI's Greg Brockman takes on new role amid executive reshuffle
OpenAI has announced a major executive reshuffle, appointing its co-founder and president, Greg Brockman, as the head of product strategy.
Why chip designer Arm is facing antitrust probe in US
The US Federal Trade Commission (FTC) has launched an antitrust investigation into Arm Holdings, a British chip designer.
Starbucks opening 1st corporate office for tech jobs in India
Starbucks is setting up its first corporate technology office in India.
AI-induced layoffs cross 1.3L mark! These jobs are still safe
The year 2026 has witnessed a staggering number of layoffs in the tech industry, with over 1.28 lakh workers losing their jobs across 286 separate events.
Mumbai Police registers FIR against former Yes Bank CEO
Mumbai Police have registered a fresh FIR against Yes Bank co-founder Rana Kapoor and investor Sudhir Valia.
Rising wholesale inflation may soon hit household expenses: Report
Global analytics firm CRISIL has warned that a sharp rise in wholesale inflation could soon impact everyday household expenses.
AI is becoming operating foundation, infrastructure of intelligence: TCS chairman
Tata Consultancy Services (TCS) chairman N Chandrasekaran has said that generative and agentic artificial intelligence (AI) are entering a new phase of growth.
No Swiggy, Zomato today? App-based gig workers call for strike
App-based gig workers have called for a temporary strike in India today.
'Totally false': Modi denies potential tax on foreign travel
Prime Minister Narendra Modi has dismissed a report that claimed the government was considering a tax or cess on foreign travel.