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Business News

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01 Jun 2026
TL;DR

Employees' Claude overuse saddles company with $500 million bill

An unnamed company incurred $500 million in Claude usage fees within a month after neglecting to set employee usage limits, highlighting the risks of unchecked AI adoption.

01 Jun 2026
TL;DR

India Oman CEPA lets Indian firms hire Indians in Oman

India and Oman’s new trade pact allows Indian firms in Oman to prioritize hiring Indian workers, bypassing local quotas, while safeguarding their rights in non-service industries.

01 Jun 2026
TL;DR

Merritronix IPO oversubscribed 14 times on opening day, 5Cr bids

Merritronix's IPO garnered massive investor demand, subscribing 14.84 times on its opening day, with retail and non-institutional investors leading the surge in bids.

01 Jun 2026
TL;DR

Mumbai court clears CBI to arrest Amitabh Jhunjhunwala, ₹2,000cr probe

The Special Court permitted the CBI to formally arrest Amitabh Jhunjhunwala, ex-Reliance Capital vice-chairman, for alleged misuse of bank loans worth nearly Rs 2,000 crore.

01 Jun 2026
TL;DR

India public cloud spending forecast to reach $17.5B in 2026

End-user spending on public cloud services in India is projected to reach $17.5 billion by 2026, driven by rising demand for AI-ready infrastructure and advanced cloud use cases.

01 Jun 2026
TL;DR

AirTrunk to invest $21B in 3GW data center near Mumbai

Australia's AirTrunk, backed by Blackstone, will invest $21.05 billion in a 3GW data centre in Maharashtra, boosting India's position as a global digital infrastructure hub.

01 Jun 2026
TL;DR

SpaceX IPO warning fuels Tesla merger speculation and dilution concerns

SpaceX's IPO filing reveals plans to potentially issue significant equity in future transactions, fueling speculation about a possible merger with Tesla amid ongoing M&A activity.

01 Jun 2026
TL;DR

France secures €93B at Choose France summit, SoftBank pledges €45B

France has secured €93 billion in investment commitments, with SoftBank allocating €45 billion for AI-focused data centres, as Macron aims to position France as a global AI hub.

01 Jun 2026
TL;DR

India may roll back Scotch whisky tariff perks under FTA

India is considering reversing tariff concessions on UK exports, including Scotch whisky, under the FTA due to Britain's new steel import restrictions impacting Indian exports.

01 Jun 2026
TL;DR

Government appoints Brajesh Kumar Singh as Canara Bank MD CEO

Brajesh Kumar Singh has been appointed as the Managing Director and CEO of Canara Bank, effective until April 30, 2029, succeeding K. Satyanarayana Raju.

01 Jun 2026
TL;DR

Cognizant launches Frontier Certified Engineer and Frontier Business Operator roles

Cognizant introduces Frontier Certified Engineer and Frontier Business Operator roles, tailored for enterprise AI transformation through its SkillSpring training platform.

01 Jun 2026
TL;DR

ED arrests Vikram Wadhwa in ₹645cr IDFC First Bank embezzlement

The ED arrested real estate businessman Vikram Wadhwa in connection with the ₹645-crore embezzlement case involving Haryana government and Chandigarh administration funds.

01 Jun 2026
TL;DR

AWS India president Sandeep Dutta urges democratizing AI, ending trials

AWS India President Sandeep Dutta emphasizes the need to overcome proof-of-concept fatigue, urging industries to focus on scalable, production-ready AI solutions.

01 Jun 2026
TL;DR

Fino Payments Bank and Ezee.ai launch AI lending tools

Fino Payments Bank partners with Ezee.ai to implement AI-driven lending solutions, enhancing its digital capabilities as it transitions into a Small Finance Bank.

01 Jun 2026
TL;DR

Gold prices drop amid Middle East worries and inflation fears

Gold fell nearly 2% as Middle East tensions fueled inflation fears, reinforcing expectations of prolonged high-interest rates and a stronger U.S. dollar impacting metal demand.

01 Jun 2026
TL;DR

India allows up to 10% CSR to SSE 0-coupon bonds

India's amended CSR framework allows companies to allocate up to 10% of mandatory budgets into zero-coupon bonds on Social Stock Exchanges, boosting institutional funding.

01 Jun 2026
TL;DR

India launches CEPA with Oman in $1.8 million shipment

India has shipped goods worth $1.8 million to Oman under the newly operationalised CEPA, offering preferential duty access and strengthening economic ties between the two nations.

01 Jun 2026
TL;DR

India's April fiscal deficit ₹3.62 trn after petrol diesel cuts

India's fiscal deficit nearly doubled to ₹3.62 trillion in April, driven by a sharp decline in revenue receipts and a significant rise in government expenditure.

01 Jun 2026
TL;DR

Jerome Powell warns politics could damage Federal Reserve public trust

Jerome Powell cautioned that political interference in monetary policy could erode public trust, as he accepted the 2026 JFK Profile in Courage award.

01 Jun 2026
TL;DR

Iran pauses indirect talks with US Brent rises to $96.10

Oil prices surged as Brent hit $96.10 a barrel, following reports that Iran suspended indirect talks with the US amid escalating tensions over Israel's actions in Lebanon.

01 Jun 2026
TL;DR

Revolut launches beta app in India offering UPI and cards

Revolut has initiated a controlled beta rollout in India, granting access to thousands of users as it prepares for a broader launch in the competitive digital payments market.

01 Jun 2026
TL;DR

Motorola Solutions to buy Israeli D-Fend Solutions for $1.5 billion

Motorola Solutions will acquire Israeli startup D-Fend Solutions for $1.5 billion, bolstering its capabilities to counter rogue drones amid rising global security concerns.

01 Jun 2026
TL;DR

RBI plans tighter digital wallet limits including ₹10,000 loading cap

The Reserve Bank of India’s proposed tighter regulations on prepaid payment instruments could limit wallet functionalities, impacting fintech growth and user adoption.

01 Jun 2026
TL;DR

Allan Donald promoted to chief product officer at The Guardian

Allan Donald has been promoted to chief product officer, overseeing digital product strategy. He joined the Guardian in January after serving as Netflix's director of product.

01 Jun 2026
TL;DR

ICICI Bank names Ashwani Bhatia independent director pending shareholder approval

Ashwani Bhatia, ex-SEBI Whole Time Member, has been appointed as an Additional (Independent) Director on ICICI Bank's board for a five-year term starting June 1, 2026.

01 Jun 2026
TL;DR

Axis Bank, subsidiaries raise Axis Max Life stake to 19.99%

Axis Bank has raised its stake in Axis Max Life Insurance to 19.99% following an investment of up to Rs 380 crore, with RBI approval granted in March 2026.

01 Jun 2026
TL;DR

Indian IT firms boost R&D but trail global tech giants

Indian IT firms increased R&D spending in FY26, with Infosys and TCS leading; however, investments remain significantly lower than global tech giants like Microsoft.

01 Jun 2026
TL;DR

Honda Digital Innovation India, T-Hub pick 4 mobility startups

Four start-ups were selected from over 300 applications for Honda Innovation Challenge 1.0, receiving up to ₹10 lakh funding and a 12-week collaboration with Honda’s teams.

01 Jun 2026
TL;DR

VCs back Indian AI push amid UPI cancelations, Coinbase expansion

Indian VCs see immense potential in AI, debating strategies to create the next big winner amid rising global and domestic interest in India’s tech-driven future.

01 Jun 2026
TL;DR

SoftBank overtakes Toyota after 14% Monday jump valued over ¥48T

SoftBank CEO Masayoshi Son believes the AI boom surpasses the dot-com era, calling it humanity's biggest technological revolution and a prime long-term investment opportunity.

01 Jun 2026
TL;DR

Mutual funds' Indian stock investments jump 58% to 48,247 cr

Mutual fund investments in equities surged 58% to ₹48,247 crore in May, driven by healthy inflows as investors capitalized on market dips amid global uncertainties.

01 Jun 2026
TL;DR

Aluminum surges to highest since 2022 after U.S.-Iran strikes

Aluminium prices surged to $3,707.50, the highest since March 2022, as escalating Middle East tensions disrupted exports and raw material imports, tightening global supply chains.

01 Jun 2026
TL;DR

Quantinuum formed in 2021 raises IPO target to $14.3 billion

Quantinuum, Honeywell's quantum computing spin-off, is targeting a $14.3 billion valuation in its upsized U.S. IPO, aiming to raise up to $1.46 billion.

01 Jun 2026
TL;DR

European Commission to propose cloud rules potentially blocking US firms

Europe plans strict cloud service criteria, potentially excluding Amazon, Microsoft, and Google from critical state projects to bolster EU tech independence and security.

01 Jun 2026
TL;DR

Yashh Sathe's Pawzeeble app combines pet care and social networking

Pawzeeble, a Pune-based startup, combines social networking and pet services, offering Indian pet parents a unified platform to connect, learn, and access essential care.

01 Jun 2026
TL;DR

SEBI proposes road InvITs change allowing debt-funded maintenance in distributions

SEBI has proposed allowing road InvITs to exclude debt-funded major maintenance expenses from reducing Net Distributable Cash Flows, ensuring stable unitholder distributions.

01 Jun 2026
TL;DR

Honda Digital Innovation India and T-Hub launch Honda Innovation Challenge

T-Hub and Honda Digital Innovation India have introduced the Honda Innovation Challenge 1.0 to foster startup-driven advancements in intelligent mobility and vehicle technologies.

01 Jun 2026
TL;DR

PE and VC hit $2.2B May 2026 on mega deals

PE-VC investments reached $2.2 billion in May 2026, up from $1.8 billion in May 2025, despite a decline in deal count from 92 to 82 year-over-year.

01 Jun 2026
TL;DR

SpaceX reserves up to 5% of IPO shares for insiders

SpaceX plans to allocate up to 5% of its IPO shares to employees and friends and family of executives, aiming for a valuation of at least $1.8 trillion.

01 Jun 2026
TL;DR

Amazon Data Services India buys 10.6 acres for hyperscale center

Amazon Data Services India has acquired a 10.6-acre land parcel near Mumbai for Rs 125 crore, boosting its data centre footprint in India's largest digital infrastructure market.

01 Jun 2026
TL;DR

Peter Kyle to meet Piyush Goyal June 2 over FTA

UK Business Secretary Peter Kyle will meet India's Commerce Minister Piyush Goyal in New Delhi on June 2 to discuss accelerating the rollout of the India-UK Free Trade Agreement.

01 Jun 2026
TL;DR

India's exports jumped to $43.56bn in April led by petroleum

India's exports surged by 13.78% in April 2026, reaching $43.56 billion, marking the highest monthly outbound shipments in over four years amid rising crude oil prices.

01 Jun 2026
TL;DR

India hits 2025-26 deficit target 4.4% and aims for 4.3%

India achieved its FY26 fiscal deficit target of 4.4% of GDP, while the revenue deficit stood at 1.55%, easing immediate financial concerns.

01 Jun 2026
Telangana

No more cash wages to workers in Telangana

In a landmark decision, the Telangana government has banned cash wage payments to workers and mandated electronic transfers.

01 Jun 2026
India

India's industrial output grew by 4.9% this April

India's industrial output grew by 4.9% in April 2026, according to the first reading of the revamped Index of Industrial Production (IIP) series with FY23 as the new base year.

01 Jun 2026
TL;DR

Prativa Mohapatra, 1st woman to lead Adobe India, steps down

Prativa Mohapatra, Adobe India's first female MD, has announced her resignation after nearly five years, citing plans to take a break before pursuing her next career move.

01 Jun 2026
TL;DR

India industrial production up 4.9% in April 2026, IIP revamped

India's industrial output rose to 4.9% in April under the revised IIP series (base year: 2022-23), with manufacturing output growing by an impressive 6.2%.

01 Jun 2026
TL;DR

India's industrial output rises 4.9% in April on manufacturing strength

India's factory output grew 4.9% in April 2026, driven by manufacturing activity, as per the first Index of Industrial Production (IIP) data based on the new base year 2022-23.

01 Jun 2026
Reserve Bank Of India (RBI)

Noel Tata writes to RBI, opposes Tata Sons public listing

Noel Tata, the chairman of Tata Trusts, has written a letter to the Reserve Bank of India (RBI), opposing any potential public listing of Tata Sons.

01 Jun 2026
TL;DR

Maharashtra signs LOI with AirTrunk for ₹200000cr Raigad data center

Maharashtra has issued a Letter of Intent to AirTrunk for a ₹2 lakh crore data centre in Raigad, with a planned 3 GW capacity, boosting the state's digital infrastructure.

01 Jun 2026
TL;DR

Uber launches 'Uber Drift' tandem drift bookings with pro drivers

Uber has launched "Uber Drift" in Tokyo, offering tourists a thrilling ride with professional drivers on Japan's iconic Mobara Twin Circuit, starting May 27, 2026.

01 Jun 2026
TL;DR

China to roll out rules reviewing overseas deals July 1

China has unveiled stringent regulations to scrutinize overseas investments, empowering authorities to block deals and retaliate against foreign sanctions and restrictions.

01 Jun 2026
TL;DR

Binance adds US stocks and ETFs with $5 minimum

Binance now offers trading in over 7,000 US stocks and ETFs, enabling users to buy fractional shares starting at $5 as it bridges crypto and traditional finance.

01 Jun 2026
TL;DR

Piyush Goyal says US team arriving to finalize trade deal

India and the US are finalising the first tranche of their bilateral trade agreement, with Commerce Minister Piyush Goyal confirming that 99% of key details are settled.

01 Jun 2026
TL;DR

RBI data show 64.2% of Indian bank loans below 9%

Nearly 64.2% of Indian bank loans now carry sub-9% interest rates, driven by aggressive RBI rate cuts, reshaping credit pricing and pressuring banks' net interest margins.

01 Jun 2026
TL;DR

GenXAI Analytics launches IPO to raise ₹55cr on NSE Emerge

GenXAI Analytics plans to raise ₹55 crore through an IPO on NSE Emerge, issuing 47.28 lakh shares in the price band of ₹110-₹116 per share.

UPI crosses 23B monthly transactions for first time

India's Unified Payments Interface (UPI) has achieved a major milestone by crossing the 23 billion monthly transaction mark for the first time in May 2026.

01 Jun 2026
TL;DR

Seoul's Unastella raises $24 million to fund Una Express-II launch

South Korean rocket startup Unastella secured $24 million in Series B funding, advancing its mission to develop small satellite launch vehicles after a successful 2025 test launch.

01 Jun 2026
Nifty

Sensex crashes 1,100 points from day's high levels

India's benchmark indices, Sensex and Nifty, witnessed a major fall from their day's high on June 1.

01 Jun 2026
TL;DR

Bank of America says AI will boost India's IT sector

AI advancements are broadening business process applications, potentially increasing opportunities for Indian IT firms, says Kunal Tayal of BofA Global Research.

01 Jun 2026
TL;DR

India's commerce ministry launches workshops to help firms leverage FTAs

The commerce ministry will organize nationwide workshops to educate businesses about the benefits of India's Free Trade Agreements, including five finalized in recent years.

01 Jun 2026
TL;DR

Cars24 launches Cars24 Labs with $20 million to build AI capabilities

Cars24 has launched Cars24 Labs, committing $20 million to develop AI products, invest in startups, and partner with frontier AI firms as it transitions into an AI-native company.

01 Jun 2026
TL;DR

Eurozone factories slow as May PMI hits 51.6, growth eases

Euro zone manufacturing growth slowed in May as demand weakened and supply-chain disruptions linked to West Asia drove input costs to their highest level in four years.

01 Jun 2026
TL;DR

Black Box and AIONOS partner to deliver practical AI solutions

Black Box and AIONOS have partnered to accelerate global AI transformation by combining digital infrastructure expertise with applied AI platforms for measurable business outcomes.

01 Jun 2026
TL;DR

Tata Chemicals slides as Noel Tata criticizes RBI listing rule

Tata Chemicals shares dropped over 2% after Noel Tata, Chairman of Tata Trusts, opposed the potential listing of Tata Sons, citing concerns over its impact on long-term objectives.

01 Jun 2026
TL;DR

India tech jobs fall 14% to 2-year low in June

India's active tech job openings dropped to a 28-month low in June, with a sharp 14% month-on-month decline driven by global and US market developments.

01 Jun 2026
TL;DR

India posts nearly 2 million tons seafood exports over ₹73,890cr

India's seafood exports hit an all-time high of 19,72,018 metric tonnes worth ₹73,890.46 crore ($8.46 billion) in 2025–26, driven by strong demand for frozen shrimp.

01 Jun 2026
IndiGo

Why domestic air traffic in India is going down

India's domestic aviation sector has seen a decline in passenger traffic, with only 13.8 million travelers in April 2026.

01 Jun 2026
Zee

Why Zee Entertainment's shares are up 20% in 5 sessions

Shares of Zee Entertainment Enterprises have witnessed a massive rally, surging by nearly 20% over the past five sessions.

01 Jun 2026
GST

GST collections up 3.2% YoY to ₹1.94L crore in May

India's Goods and Services Tax (GST) collections rose by 3.2% year-on-year to ₹1.94 lakh crore in May 2026, official data released today has showed.

01 Jun 2026
TL;DR

EMGEO Global launches EMVYN AI tool at Bengaluru event

EMGEO Global introduced 'EMVYN,' an AI-powered mobility and networking tool, at a Bengaluru event attended by 60 industry leaders from firms like Infosys and Tech Mahindra.

01 Jun 2026
TL;DR

India and Oman launch free trade agreement leveraging Omani ports

The India-Oman free trade agreement, effective today, offers India a strategic trade gateway as the West Asia conflict disrupts regional commerce and fuels economic uncertainty.

01 Jun 2026
TL;DR

Coal India production falls 11.6% in May amid record demand

Coal India Ltd (CIL) reported an 11.6% year-on-year decline in May production, dropping to 56.1 million tonnes, even as the country's power demand surged to record levels.

01 Jun 2026
TL;DR

Kyro Capital launches ₹100cr pre-IPO Kyro India Opportunities Fund (I)

Kyro Capital has introduced a ₹100-crore SEBI-registered private equity fund targeting growth-stage Indian companies with IPO potential within 24–36 months.

01 Jun 2026
SoftBank Group

SoftBank becomes Japan's most valuable company, surpassing Toyota

SoftBank Group has dethroned Toyota to become Japan's most valuable company.

01 Jun 2026
TL;DR

IIT Madras report forecasts 2 million XR jobs by 2030

An IIT-Madras report highlights the potential for 2 million high-value XR jobs in India by 2030, emphasizing innovation, skill development, and indigenous hardware manufacturing.

01 Jun 2026
TL;DR

Decentro becomes 1st Indian payment aggregator with IFSCA PSP license

Decentro has received final approval for a Payment Service Provider (PSP) licence from IFSCA, becoming the first Indian payment aggregator to establish operations in GIFT City.

01 Jun 2026
TL;DR

Samsung overtakes Micron as leader in automotive memory chip market

Samsung Electronics has surpassed Micron Technology as the leading automotive memory chip supplier, securing a 40% market share in 2025 as its US rival's dominance declined.

01 Jun 2026
Delhi

Jet fuel prices cut 27% for international airlines

The price of Aviation Turbine Fuel (ATF) for international airlines has been slashed by 27% in India.

01 Jun 2026
TL;DR

Bajaj Auto reports 20% May sales rise to 461,257 vehicles

Bajaj Auto recorded a 20% on-year growth in total vehicle sales, reaching 4,61,257 units in May, driven by a 34% surge in exports and robust domestic performance.

01 Jun 2026
TL;DR

Telangana mandates digital wage payments, grants gig workers minimum wages

Telangana mandates electronic wage transfers, bans cash payments, and extends minimum wage protections to gig workers under a unified labour governance framework.

01 Jun 2026
TL;DR

International jet fuel prices in India cut 27% helping airlines

Jet fuel prices for international flights have been slashed by 27%, aligning them with domestic rates, while prices for domestic flights remain unchanged.

01 Jun 2026
TL;DR

Deel report: median Indian employee took 12 leave days

Despite generous leave entitlements, over 80% of Indian employees don't fully utilize their leaves, contributing to widespread burnout and poor work-life balance.

New UPI and ATM rules from today

A host of changes have come into effect from June 1, impacting Unified Payments Interface (UPI) and other financial aspects.

01 Jun 2026
Berkshire Hathaway

How BYD became a $10B bet for Berkshire Hathaway

During the 2008 global financial crisis, investing legend Charlie Munger spotted a unique opportunity in Chinese electric vehicle (EV) maker BYD.

01 Jun 2026
TL;DR

Avaada secures nearly $950 million for Bikaner FDRE and solar projects

Avaada Group has achieved financial closure for three large renewable energy projects, securing nearly $950 million in debt sanctions from leading multinational and domestic banks.

01 Jun 2026
India

Installing rooftop solar panels will cost you more now

Starting today, India has implemented a major change in its solar sector.

01 Jun 2026
Vodafone Idea

How Airtel is helping Vodafone Idea add more subscribers

Vodafone Idea (Vi) is capitalizing on the ongoing debate over premium 5G connectivity to position itself as a provider of equal network access for all users.

01 Jun 2026
TL;DR

Noel Tata tells RBI he opposes listing, citing philanthropy risks

Noel Tata has written to the RBI opposing a potential listing of Tata Sons, citing risks to the philanthropic objectives of Tata Trusts and long-term institutional priorities.

01 Jun 2026
TL;DR

Brendan Lynch leads US trade team to Delhi for talks

A US trade delegation, led by Brendan Lynch, arrives in Delhi today to fast-track an interim deal amid lingering differences on sensitive sectors like agriculture and dairy.

01 Jun 2026
TL;DR

MCX launches Silver 100 futures for everyday investors and jewelers

MCX has introduced Silver 100 futures contracts, enabling retail investors and small jewellers to trade silver in smaller 100-gram units with reduced capital requirements.

01 Jun 2026
Indian Economy

India's factory growth hits 3-month high

India's manufacturing sector witnessed the fastest growth in three months in May, owing to strong domestic demand and a spike in new orders.

01 Jun 2026
TL;DR

India enforces June 1, 2026 rule requiring local solar cells

India now mandates domestically manufactured solar cells for certain projects, aiming to boost local production but potentially raising costs and causing supply challenges.

01 Jun 2026
TL;DR

Aadhar Housing Finance aims for ₹50,000 cr AUM by FY29

Aadhar Housing Finance plans to achieve Rs 50,000 crore in assets under management by FY29, driven by 18-20% annual loan growth and strong demand in the affordable housing segment.

01 Jun 2026
TL;DR

Persistent Systems picks up over 90 employees from Estonia's Concise

Shares of Persistent Systems rose nearly 6% after announcing plans to integrate a 90-member Estonian team, enhancing AI-led transformation and European operations.

01 Jun 2026
TL;DR

NMDC records highest ever Q4 FY26 revenue ₹11,173 cr

India’s largest iron ore miner, NMDC, achieved its highest-ever quarterly revenue of ₹11,173 crore in Q4 FY26, with full-year PAT rising 11% to ₹7,421 crore.

01 Jun 2026
TL;DR

Tata Sons board meeting deepens debate over mandatory IPO

Tata Sons Chairman N Chandrasekaran remained non-committal on the potential IPO, while Noel Tata sought clarity on his views during the May 26 board meeting.

01 Jun 2026
Ukraine

Russia bans aviation fuel exports till November 30

Russia has announced a ban on aviation fuel exports until November 30.

01 Jun 2026
TL;DR

CLSA says AI not hurting SaaS revenue or profit forecasts

A CLSA report reveals that AI adoption has not negatively affected the earnings or profitability of software-as-a-service (SaaS) companies, with revenue guidance remaining strong.

01 Jun 2026
Ministry of Finance

How to trace forgotten mutual funds using new government portal

The Ministry of Finance has launched a new awareness initiative called "Your Money, Your Right" to help citizens trace their forgotten or unclaimed financial assets.

01 Jun 2026
Coinbase

Coinbase re-enters India with direct bank-to-crypto transfers

Popular cryptocurrency exchange Coinbase has launched direct Indian rupee (INR) deposit and withdrawal services for retail users in India.

01 Jun 2026
TL;DR

M.R. Maniveni Foods opens 18% below IPO on BSE SME

M.R.Maniveni Foods shares listed at ₹42.55 on the BSE SME platform, marking an 18% discount to its IPO price of ₹52, despite recovering slightly post-listing.

01 Jun 2026
TL;DR

Wockhardt shares climb after FDA approves Zaynich antibiotic for UTIs

Wockhardt shares soared 45% in five sessions following USFDA approval for Zaynich, India's first indigenously discovered antibiotic targeting multidrug-resistant infections.

01 Jun 2026
TL;DR

ZEEL jumps amid talks for 2026 FIFA Indian media rights

Zee Entertainment's shares soared 20% in five sessions, hitting a six-month high, driven by speculation over securing India media rights for the 2026 FIFA World Cup.

01 Jun 2026
TL;DR

UK house prices fall 0.6% in May amid Iran conflict

UK house prices fell 0.6% in May, marking the first drop this year, as rising borrowing costs and weakened consumer confidence impacted demand following the Iran conflict.

01 Jun 2026
TL;DR

India Oman CEPA takes effect to bolster energy and trade

India's trade pact with Oman, effective June 1, ensures a dependable trade route beyond the Strait of Hormuz, leveraging Oman's strategic location for energy and economic security.

01 Jun 2026
TL;DR

Scripbox buys New Delhi's Bluechip Capital to expand advisory services

Bengaluru-based Scripbox has acquired New Delhi's Bluechip Capital, aiming to broaden its client base and enhance wealth advisory services without disclosing financial details.

01 Jun 2026
Oman

India-Oman trade deal comes into effect today

India's Comprehensive Economic Partnership Agreement (CEPA) with Oman will come into effect today at 2pm IST.

01 Jun 2026
TL;DR

ConsumerX Ventures launches ₹150cr fund for early stage consumer startups

ConsumerX Ventures has introduced a ₹150 crore SEBI-registered Category II AIF to invest in early-stage, digitally native consumer startups.

01 Jun 2026
Air India

Why Noel Tata is holding up Tata Sons chairman's reappointment

The chairman of Tata Trusts, Noel Tata, has reportedly told the board of Tata Sons that there are several unresolved issues.

01 Jun 2026
TL;DR

HCLTech to lose Xerox BPM contract, 170-200 employees at risk

HCLTech is reportedly set to lose a BPM contract with Xerox, potentially affecting 170-200 employees, as Xerox shifts work in-house and to the Philippines.

01 Jun 2026
TL;DR

Zoho's Vembu backs Zerodha's Kamath after court orders Google ₹30L

Zoho CEO Sridhar Vembu criticized Google, calling its business practices unethical after the Delhi High Court ruled against the tech giant in a trademark infringement case.

01 Jun 2026
China

China's manufacturing sector expands for 6th consecutive month

China's manufacturing sector has expanded for the sixth consecutive month in May, albeit at a slower rate.

01 Jun 2026
TL;DR

India's manufacturing hits 3 month high as May PMI 55.0

India's manufacturing sector grew at its fastest pace in three months during May, driven by strong domestic demand, despite facing near four-year-high cost pressures.

01 Jun 2026
TL;DR

Indian product managers upskill in AI to keep pace

India's product managers face growing pressure to master AI, as leveraging its potential reshapes product lifecycles, decision-making, and cross-functional collaboration.

01 Jun 2026
TL;DR

InterGlobe Aviation posts ₹2,537 cr March quarter loss, shares rally

Shares of IndiGo's parent, InterGlobe Aviation, surged up to 5% despite a Q4 net loss of Rs 2,537 crore, driven by strong operational performance and growth plans.

01 Jun 2026
Warren Buffett

Berkshire Hathaway buys homebuilder Taylor Morrison for $6.8B

Berkshire Hathaway has announced a major acquisition, agreeing to buy US homebuilder Taylor Morrison Home Corp for $6.8 billion in cash.

01 Jun 2026
TL;DR

India mandates Indian-made solar cells for rooftops to boost manufacturing

New rules mandating domestically manufactured solar cells for rooftop installations may raise costs by around Rs 3,000 per kilowatt, impacting consumers and smaller manufacturers.

01 Jun 2026
TL;DR

Torsten Slok says AI creates roles not job losses

Apollo's chief economist Torsten Sløk argues that cheaper AI technology is driving demand for skilled workers and infrastructure, supporting employment rather than reducing it.

01 Jun 2026
TL;DR

Vodafone Idea campaign criticizes Airtel's 'Priority Postpaid' amid subscriber growth

Vodafone Idea leverages Airtel's "Priority Postpaid" net neutrality debate to position itself as a pro-consumer telecom provider, emphasizing equal network access for all users.

01 Jun 2026
TL;DR

Wall Street watches jobs report, Broadcom earnings amid AI rally

Investors eye U.S. jobs data and Broadcom earnings as inflation concerns and potential Fed rate hikes threaten Wall Street's rally, fueled by AI-driven gains in technology stocks.

01 Jun 2026
TL;DR

Indian stocks slip, FIIs pulled 21,106cr amid US-Iran ceasefire delay

Sensex and Nifty retreated sharply on June 1 amid US-Iran peace deal uncertainty, FII selling due to MSCI rebalancing, and technical resistance at the 23,800 level for Nifty.

01 Jun 2026
TL;DR

Demis Hassabis calls Meta and Amazon layoffs failure of nerve

Google DeepMind CEO Demis Hassabis urges laid-off tech engineers to join his team, emphasizing AI-driven productivity should expand innovation, not shrink workforces.

01 Jun 2026
Donald Trump

Oil jumps 2.5% as Israel intensifies attacks on Lebanon

Oil prices surged over 2% in early trading on Monday, after Israel ordered its troops to advance further into Lebanon.

01 Jun 2026
TL;DR

Indian IT stocks rally as Nifty IT climbs over 3%

Indian IT stocks surged today as investors bet on improved US technology spending and potential Federal Reserve rate cuts boosting corporate demand for tech services.

01 Jun 2026
TL;DR

India 10yr yield 7.02% after Israeli strikes amid oil rise

Indian government bond yields edged higher on June 1 as crude oil prices climbed above $93 per barrel, with markets eyeing the RBI's upcoming monetary policy decision.

01 Jun 2026
TL;DR

SoftBank surges past ¥46 trillion to challenge Toyota's Japan lead

SoftBank Group Corp., driven by AI-related gains, is on track to surpass Toyota Motor Corp. as Japan's most valuable company, marking a pivotal shift in investor priorities.

01 Jun 2026
TL;DR

US tariff review pushes copper higher in New York, London

Copper prices rose in New York and London as the US Commerce Department's June 30 deadline for updated tariff recommendations on refined copper looms, fueling market uncertainty.

01 Jun 2026
TL;DR

Ministry of Finance launches free portal to recover unclaimed money

The Ministry of Finance has introduced a unified portal, "Your Money, Your Right," enabling citizens to trace and reclaim unclaimed deposits, insurance policies, and investments.

01 Jun 2026
LPG Cylinder

Commercial LPG prices hiked again

Oil marketing companies have increased the prices of commercial LPG cylinders from today.

01 Jun 2026
TL;DR

Bond yields steady ahead of RBI's June 5 monetary policy

Indian government bonds remain steady as traders anticipate the RBI's June 5 policy decision, with the 10-year yield expected to trade between 6.97% and 7.02%.

01 Jun 2026
TL;DR

NVIDIA CEO Jensen Huang visit lifts Samsung and LG shares

Samsung and LG shares soared as Nvidia CEO Jensen Huang's anticipated meetings with Korean executives fueled optimism for AI and robotics collaborations.

01 Jun 2026
TL;DR

Tomoe Shokai plans Gujarat medical gasses plant in fiscal 2027

Japanese gas trading giant Tomoe Shokai plans to establish a new factory in Gujarat by 2027, focusing on medical treatment gas and semiconductor industry needs.

01 Jun 2026
TL;DR

Nikkei 225 tops 67,000 on SoftBank's €75 billion AI bet

Japan's Nikkei index surpassed 67,000 for the first time, driven by AI-related stocks, as SoftBank overtook Toyota to become the nation's most valuable company.

01 Jun 2026
TL;DR

Anthropic's Dario Amodei warns AI could halve entry-level white-collar jobs

Anthropic CEO Dario Amodei warns AI-driven mass layoffs are inevitable, predicting bipartisan policy responses as technology reshapes white-collar jobs and economic geography.

01 Jun 2026
TL;DR

India Oman CEPA seeks 50% export boost in 3 years

India anticipates a 50% surge in goods exports to Oman within three years as the Comprehensive Economic Partnership Agreement (CEPA) comes into effect today at 2 PM IST.

01 Jun 2026
TL;DR

Indian stock market opens June with 5 IPOs aiming ₹900+cr

The primary market sees a revival with five IPOs worth over Rs 900 crore opening this week, including Rs 770 crore in the mainboard segment after a three-week lull.

01 Jun 2026
TL;DR

Stronger US dollar and surging oil push gold slightly lower

Gold prices edged lower as a stronger dollar and rising oil prices pressured the market, while investors awaited President Trump's decision on extending the Iran ceasefire deal.

01 Jun 2026
TL;DR

Anthropic raises $65 billion Series H, valued at $965 billion

Anthropic has become the world's most valuable startup, surpassing OpenAI with a $965 billion valuation after raising $65 billion in its latest funding round.

01 Jun 2026
TL;DR

RBI transfers record ₹2.87L/cr dividend to government for fiscal 2025-26

The Reserve Bank of India earned a record Rs 4.28 lakh crore in FY26, driven by forex sales and bond investments, while spending Rs 1.41 lakh crore on operations and provisions.

01 Jun 2026
TL;DR

Lupin wins FDA approval for generic Sutab colonoscopy prep

Lupin's stock is in focus after receiving USFDA approval for its generic Sutab tablets, granting the company 180 days of market exclusivity in the US.

01 Jun 2026
TL;DR

Oil rises over 2% as Israel-Hezbollah fighting threatens supplies

Global oil prices climbed over 2% as Israel escalated its offensive in Lebanon, fueling fears of broader conflict and potential disruptions to critical energy supplies.

01 Jun 2026
TL;DR

India-Oman FTA begins June 1, 2026 with exclusions

India's FTA with Oman safeguards 2,789 sensitive tariff lines, including agriculture and manufacturing, while offering 77.79% tariff liberalisation on imports from Oman.

01 Jun 2026
TL;DR

India Oman CEPA begins June 1 with duty free access

The India-Oman Free Trade Agreement offers transformative opportunities for India's farms, factories, and MSMEs by enhancing market access, boosting exports, and creating jobs.

01 Jun 2026
TL;DR

India and US hold talks to secure interim trade deal

India and the US kick off trade discussions in Delhi, focusing on tariffs, market access, AI, pharmaceuticals, and critical minerals to finalize an interim trade agreement.

01 Jun 2026
TL;DR

Indian FMCG firms shift production amid Strait of Hormuz blockage

Indian consumer goods companies are shifting manufacturing to India, Egypt, and Turkey and diversifying export routes to counter supply chain challenges from the Iran conflict.

01 Jun 2026
TL;DR

Noel Tata halts Chandrasekaran reappointment over lack of 5-year plan

Noel Tata highlighted unresolved governance and performance issues, delaying discussions on N Chandrasekaran's reappointment as Tata Sons chairman during the May 26 board meeting.

01 Jun 2026
TL;DR

India's tech openings fall to 93,000 in June 2026

India's tech job market hits a 28-month low with 93,000 active openings in June, driven by AI adoption and US immigration changes reshaping recruitment dynamics.

01 Jun 2026
TL;DR

GIFT City brokers use gap licenses for proprietary trading

Brokers are increasingly using GIFT City's Global Access Provider (GAP) licence for proprietary trading, driven by lower regulatory costs, direct market access, and tax benefits.

01 Jun 2026
TL;DR

Greg Abel's Berkshire to acquire Taylor Morrison for $8.5 billion

Berkshire Hathaway has announced its $8.5 billion all-cash acquisition of Taylor Morrison, marking the conglomerate's first major purchase since Warren Buffett stepped down as CEO.

01 Jun 2026
TL;DR

FDA approves Wockhardt antibiotic Zaynich for complicated urinary tract infections

Wockhardt’s Zaynich, combining cefepime and zidebactam, has secured US FDA approval for treating complicated urinary tract infections, targeting a $9 billion market opportunity.

01 Jun 2026
TL;DR

Bombay High Court orders restraint after HDFC AMC data breach

The Bombay High Court has granted ad-interim relief to HDFC Asset Management Company after a ransomware group allegedly exfiltrated over 680 GB of sensitive data from its systems.

01 Jun 2026
TL;DR

Meta lays off more than 2,400 employees to prioritize AI

Meta has laid off over 2,400 employees across Silicon Valley as the tech industry undergoes massive workforce realignment driven by artificial intelligence advancements.

01 Jun 2026
TL;DR

India's biggest accounting firms use AI to streamline tax work

Major accounting firms in India are leveraging AI to automate routine tax tasks, enhancing efficiency and enabling consultants to focus on complex strategies and interpretations.

01 Jun 2026
TL;DR

IIFCL to sanction ₹75,000cr for infrastructure after SIFTI limits lifted

IIFCL aims to achieve a record ₹75,000 crore in loan sanctions for FY27, leveraging increased flexibility after the removal of SIFTI restrictions by the government.

01 Jun 2026
TL;DR

Indian banks and financial firms jump into AI, scaling lags

Indian BFSI companies are increasingly deploying AI for real-time fraud prevention and decision-making, moving beyond customer service to integrate AI into core operations.

01 Jun 2026
TL;DR

Chile offers copper lithium cobalt to boost India's green goals

Chile, holding vast reserves of copper, lithium, and cobalt, presents India with vital mining opportunities as CEPA negotiations approach conclusion.

01 Jun 2026
TL;DR

Indian refiners adapt to tougher crude as Hormuz nears closure

Indian refiners are adapting to process challenging crude grades as the Iran war disrupts supplies, forcing a shift towards alternative sources and operational adjustments.

31 May 2026
Mukesh Ambani

Reliance Industries to invest ₹10L crore in AI infrastructure

Reliance Industries Limited (RIL) has announced a massive investment of ₹10 lakh crore in multi-gigawatt-scale AI-ready data centers.

31 May 2026
British Columbia

Canada-India trade pact gains momentum at leaders summit

The Western Canada-India Leaders Summit held in Regina, Saskatchewan, has given a major boost to the prospects of a free trade agreement (FTA) between Canada and India.

31 May 2026
Australia

India-Oman trade pact takes effect tomorrow, granting duty-free export access

India and Oman are set to implement their Comprehensive Economic Partnership Agreement (CEPA) from June 1.

31 May 2026
Inflation

Kevin Warsh urges Fed to reconsider inflation metrics

Federal Reserve Chairman Kevin Warsh has called for a shift in the way inflation is measured, suggesting that the central bank should consider alternative metrics.

31 May 2026
Reserve Bank Of India (RBI)

RBI may keep repo rate unchanged at upcoming meeting

The Reserve Bank of India (RBI) is likely to keep its key policy rate unchanged at 5.25% during the upcoming bi-monthly monetary policy meeting from June 3-5.

31 May 2026
Ashwini Vaishnaw

Semiconductor plant in Assam to begin production this fiscal: Vaishnaw

The semiconductor plant at Jagiroad in Assam is likely to start production within the current financial year.

Why trucking in India is slow despite faster expressways

India's huge investment in highways and expressways has not resulted in a proportionate increase in freight movement speed.

31 May 2026
DeepSeek

Chinese AI firm MiniMax prepares for domestic listing

Shanghai-based artificial intelligence (AI) start-up MiniMax Group Inc. has begun preparations for a domestic listing, according to a regulatory filing.

31 May 2026
Adani Group

Anthropic, OpenAI IPOs could fuel growth for Asian tech suppliers

The upcoming wave of stock offerings in the US could be a boon for Asian supply chain companies.

31 May 2026
China

China's factory activity weakens in May

China's manufacturing sector hit a snag in May, with the official Purchasing Managers' Index (PMI) slipping to 50 from April's 50.3.

31 May 2026
New Delhi

India, US to hold 4-day trade meet from tomorrow

The chief negotiators of India and the United States will begin a four-day meeting on Monday in New Delhi.

31 May 2026
Russia

Why EU is planning freeze on Russian oil price cap

The European Union (EU) is mulling a temporary freeze of its price cap on Russian oil, in light of the ongoing Middle East conflict.

31 May 2026
Cafe Coffee Day

Cafe Coffee Day parent swings back to profit in FY26

Coffee Day Global Ltd has announced a profit after tax (PAT) of ₹14 crore for the fiscal year 2025-26 (FY26).

LIC is mulling an entry in India's fintech space

Life Insurance Corporation of India (LIC) is looking to enter the fintech space.

31 May 2026
Adani Group

Adani says legal challenges in the US are now over

Billionaire Gautam Adani has announced that the Adani Group has moved past its legal challenges in the United States.

31 May 2026
Finance

EaseMyTrip's Q4 results: Revenue up 8.9% YoY to ₹152cr

Leading travel platform EaseMyTrip has reported an 8.9% year-on-year growth in its revenue from operations for the fourth quarter of FY26.

31 May 2026
Bharti Airtel

Market cap of India's top 7 firms plunges ₹1.54L crore

The combined market capitalization of seven out of India's top 10 most valuable companies fell by ₹1.54 lakh crore last week.

31 May 2026
Snapchat

Snap alums launch an investment fund to back AI start-ups

A group of 20 Snap alumni have launched a new investment fund called Ghost Angels.

31 May 2026
Indian Government

Government reintroduces windfall tax on fuel exports

The Indian government has reintroduced windfall tax rates on fuel exports, effective from June 1, 2026.

31 May 2026
Gujarat

Reliance, NLC explore new project to boost domestic gas supply

NLC India and Reliance Industries have teamed up to explore an underground lignite gasification project in Gujarat.

These 2 IPOs shall open for subscription next week

India's primary market is gearing up for an active week with two public issues, CMR Green Technologies and Hexagon Nutrition, set to open for subscription.

31 May 2026
Indian Government

No customs duty on cotton imports till October 31

The Indian government has announced a five-month exemption from customs duty on cotton imports, effective from June 1.

31 May 2026
Patanjali

Patanjali Foods' Q4 net profit up 46% YoY to ₹524cr

Patanjali Foods has announced a whopping 46% jump in its consolidated net profit for the March quarter, owing to strong sales of cooking oils and other food items.

31 May 2026
Indian Government

Modi government lowers excise duty on petrol, diesel, ATF exports

The Indian government has announced a reduction in the Special Additional Excise Duty (SAED) on exports of diesel, petrol and aviation turbine fuel (ATF).

30 May 2026
Uttar Pradesh

Uttar Pradesh: Electricity bills to increase by 10% from June

The Uttar Pradesh Power Corporation Limited has announced a 10% increase in electricity bills, effective from June.

30 May 2026
Donald Trump

India-US trade deal 99% complete, may be signed within weeks

Sergio Gor, the US Ambassador to India, has said that an interim trade deal between the two countries is at the "last 1%."

30 May 2026
SpiceJet

SpiceJet slapped with ₹125cr GST demand, registration may be canceled

The Goods and Services Tax (GST) Department has issued a tax demand of ₹124.65 crore to budget airline SpiceJet.

30 May 2026
Rockstar Games

Rockstar Games developers form first-ever union

In a historic move, employees at Rockstar Games have announced the formation of their first-ever labor union.

30 May 2026
Inflation

Finance Ministry warns of inflation risks from rising energy prices

India's economy is showing "cautious resilience" amid global uncertainties, but rising energy prices and a potentially weak monsoon could pose inflation risks.

30 May 2026
China

Urgent need to boost semiconductor manufacturing in India: NITI Aayog

NITI Aayog has called for a major push toward self-reliant semiconductor manufacturing in India.

30 May 2026
Iran

US seizes nearly $1B in Iranian crypto assets

The US has seized nearly $1 billion in Iranian cryptocurrency assets as part of "Operation Economic Fury," US Treasury Secretary Scott Bessent announced.

30 May 2026
Bengaluru

India becomes 3rd-largest market for Schengen visas

India has emerged as the third-largest market for Schengen visas, with 1.15 million applications in 2025.

30 May 2026
Belgium

Which Schengen countries rejected most visa applications from India (2025)

In 2025, over 181,000 Schengen visa applications from India were rejected, according to data released by the European Commission. This translates to a non-issuance rate of 15.8%.

30 May 2026
Inflation

Foreign investors pull out ₹33,000cr from Indian equities in May

Foreign Portfolio Investors (FPIs) continued their selling spree in Indian equities throughout May 2026, with net outflows of ₹32,963 crore.