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How Meta plans to undo its $2.5B Manus acquisition
Meta is preparing to reverse its acquisition of AI start-up Manus after the Chinese government blocked the deal on national security grounds, The Wall Street Journal reported.
Investors await rates and earnings as Asian stocks near highs
Asian stocks remain near their late February peak as investors anticipate Middle East developments and major tech earnings.
LTM CEO Venu Lambu says AI transforms Indian IT business
LTM's CEO, Venu Lambu, predicts a contraction in core IT services as AI technology reshapes the industry and resets pricing structures.
Brent crude nears $110 as US considers Iran's peace proposal
Brent crude oil prices have reached near $110 per barrel. This comes as the US considers Iran's latest proposal to end the ongoing conflict in West Asia.
NSE shareholders approve selling over 4% stake, enabling ₹23,000cr IPO
The National Stock Exchange (NSE) has received approval from its shareholders to divest over 4% of their holdings for the upcoming initial public offering (IPO).
IndiaAI tender cuts NVIDIA B200 GPU hourly rates by 10%
Nvidia's latest B200 GPUs have seen a 10% price drop in the recent IndiaAI Mission tender, indicating aggressive bidding by compute service providers.
Start-up building self-learning AI raises record $1.1B seed
Ineffable Intelligence, a start-up founded by David Silver, a former lead researcher at Google's DeepMind, has raised $1.1 billion in seed funding.
RBI mandates expected credit loss model including small finance banks
From April 2027, the Reserve Bank of India (RBI) will require banks to use predictive models to set aside funds for potential loan defaults in advance.
Sun Pharma to buy Organon for $11.75 billion, enters biosimilars
Sun Pharma is set to acquire Organon for $11.75 billion after three months of intense negotiations, marking a significant milestone in Indian overseas acquisitions.
Japan unemployment rises to 2.7% as employment drops 120,000
Japan's unemployment rate increased to 2.7% in March, indicating a potential slowdown in hiring despite a tight labour market.
Musk v/s Altman: AI's biggest feud enters courtroom
A high-profile legal battle between tech moguls Elon Musk and Sam Altman is about to begin in a US court.
Infosys falls to 11th at ₹4.7L/cr amid AI shift
Infosys, a leading IT firm, has fallen out of the top 10 most valued companies in India due to recent AI-led disruptions.
Brent at $108 as President Trump weighs Iranian transit proposal
Brent crude oil prices near $110 a barrel as the US considers Iran's proposal to end West Asian conflict. Meanwhile, Goldman Sachs raises its oil price forecast.
Reliance Industries to invest ₹1.6L/cr in Visakhapatnam AI data center
Reliance Industries (RIL) is investing over $17 billion to establish a 1.5 GW AI-focused data centre cluster in Visakhapatnam, Andhra Pradesh, surpassing Google's 1 GW facility.
Canada announces $18 billion fund to lessen dependence on US.
Prime Minister Mark Carney has unveiled a government-owned investment fund in Canada, starting with 25 billion Canadian dollars ($18 billion), aimed at major industrial projects.
RBI issues capital rules to match borrower risk April 2027
The Reserve Bank of India (RBI) has issued final directions on risk weights for retail, corporate, and sovereign exposures, effective from April 1, 2027.
Tata Trusts retain lifelong trustees despite Maharashtra law capping 25%
Tata Trusts, based on legal advice, may not reappoint its permanent trustees for a fixed term despite a recent Maharashtra ordinance capping perpetual trustees.
NVIDIA market cap reaches $5.2 trillion driven by GPU demand
Nvidia's stock has hit a record high, pushing the company's market cap to an impressive $5.2 trillion due to surging demand for AI chips.
Samsung may decide China TV and home-appliance sales by April
Samsung Electronics may cease its home appliance and TV sales in China due to increasing competition and market shifts, reports Nikkei.
Congress and states scrutinize prediction markets after insider trading reports
Prediction markets are under pressure to regulate rogue bettors and curb insider trading, amidst growing concerns over fairness and legality.
Microsoft rolls out Copilot 365 across Accenture workforce, biggest deal
Accenture is rolling out Microsoft's Copilot 365 AI assistant to all its 743,000 employees, marking the largest enterprise deal for the chatbot.
Microsoft gains nonexclusive OpenAI license through 2032, ends exclusivity
OpenAI and Microsoft have renegotiated their agreement, ending potential legal issues over OpenAI's $50 billion deal with Amazon.
Ineffable Intelligence, founded by David Silver, raises $1.1B seed
Ineffable Intelligence, co-founded by former DeepMind researcher David Silver, has raised a record-breaking $1.1 billion in seed funding from leading venture capital firms.
India New Zealand FTA gives Indian exports tariff free access
India and New Zealand have signed a "once-in-a-generation" free trade agreement, aimed at boosting exports across various sectors.
Former Tokyo Electron worker jailed 10 years for TSMC theft
A former Tokyo Electron employee has been sentenced to 10 years in prison by a Taiwanese court for stealing trade secrets from chipmaker TSMC.
Reserve Bank of India mandates ECL provisioning from April 2027
The Reserve Bank of India (RBI) has implemented stricter rules for banks to set aside more funds for potential loan losses, aligning with global standards.
AI and machine learning job demand rises 40% to 50%
The rapid adoption of AI is spurring a hiring boom, with companies increasingly seeking professionals adept in workflows and data interpretation, reports ANI.
Coal India posts 11% March quarter profit rise to ₹10,839cr
Coal India Ltd (CIL) reported an 11.1% increase in consolidated net profit to Rs 10,839.18 crore in the March quarter due to higher revenue.
Salesforce sues Microsoft in London claiming Teams bundling limits choice
Salesforce and its app Slack have sued Microsoft in the UK, alleging anticompetitive practices related to the bundling of its Teams app.
Bill Ackman's Pershing Square plans $5 billion US fund IPO
Bill Ackman's investment management company, Pershing Square, is reportedly set to raise about $5 billion in its U.S. initial public offering (IPO).
RBI shortens credit card overdue reporting window to 3 days
The Reserve Bank of India (RBI) states that credit card issuers can only report accounts as 'past due' after three days of non-payment.
Punjab & Sind Bank posts over 30% net profit, ₹1,322cr
Punjab & Sind Bank reported a 30% increase in net profit to ₹1,322 crore for Fiscal Year 2025-26, driven by improved asset quality.
Oil India and IOCL mark 5th discovery in Ghadames Basin
Oil India Limited has made a significant oil and gas discovery in Libya, potentially bolstering its international exploration portfolio amidst global energy market instability.
National Stock Exchange crosses 13cr, adds 1cr in 7 months
The National Stock Exchange (NSE) added one crore unique investors in just seven months, pushing its registered investor base past the 13-crore mark.
Bridgewater Associates warns AI pressures software firms and prompts layoffs
The rapid rise of artificial intelligence (AI) poses significant threats to established software companies, similar to the disruption caused by online retail in the past.
OpenAI tightens safety rules after Jesse van Rootselaar mass killing
OpenAI CEO, Sam Altman, has publicly apologized for failing to alert law enforcement about a user's violent threats prior to a tragic shooting incident.
India's NITI Aayog unveils $30 trillion growth plan to 2047
India has outlined a two-phased strategy for its Digital Public Infrastructure (DPI) to facilitate a transition towards a $30 trillion economy by 2047.
RBI requires banks report offshore rupee derivatives from July 2027
The Reserve Bank of India (RBI) has directed banks to report all offshore foreign exchange derivatives transactions involving the Indian rupee, aiming to enhance price discovery and transparency.
Adani Total Gas proposes ₹0.25/share dividend after Q4 ₹168cr profit
Adani Total Gas Ltd (ATGL) has announced an 8.4% year-on-year increase in Q4 net profit and a dividend of ₹0.25 per equity share for FY26.
Hindustan Zinc to add 3 metals after acquiring monazite block
Hindustan Zinc plans to add three new metals to its portfolio over the next five years, leveraging a pipeline of 10 mineral blocks currently under exploration.
RBI keeps April 2027 ECL deadline and issues transition guidelines
The Reserve Bank of India (RBI) has rejected banks' requests for additional time to transition to the expected credit loss (ECL) framework, maintaining the 1 April 2027 deadline.
Prada launches limited Kolhapuri chappal-inspired sandals €750 after Milan controversy
Prada is releasing a limited-edition range of Kolhapuri-inspired sandals, made in India, following previous cultural appropriation controversy.
Secured loans: What they are actually
Secured loans are a common financial tool, allowing borrowers to use an asset as collateral.
OpenAI and Microsoft amend their partnership: What has changed?
OpenAI and Microsoft have announced a major overhaul of their partnership agreement.
Why Rolls-Royce inked a ₹3,800cr deal with this Hyderabad-based company
Hyderabad-based Sigma Advanced Systems has signed a seven-year-long deal with Rolls-Royce, worth ₹3,800 crore. The partnership is aimed at manufacturing and supplying aerospace systems.
NVIDIA leases office space in Bengaluru for ₹1,230cr
NVIDIA has signed a major lease deal for office space in Bengaluru, according to real estate data analysis platform Propstack.
Why MakeMyTrip has joined hands with Adani Airport Holdings
Adani Airport Holdings Limited and MakeMyTrip have joined forces to launch a new online duty-free, pre-booking service for international travelers.
Infrastructure bonds: All about this investment option
Investing in Indian infrastructure bonds can be a smart move for those looking to diversify their portfolio.
Your ice creams could get costlier this summer: Here's why
The ongoing conflict in West Asia is disrupting supply chains and pushing up the prices of key ingredients like dry fruits and nuts. These are essential for flavoring a wide range of ice creams and chocolates.
8th Pay Commission consults on pay, pensions; final decisions awaited
The 8th Central Pay Commission (CPC) is currently in a critical phase of consultations and discussions.
Indian government takes major step for jewelry sector
The Indian government has expanded the SEZ Rules, 2006, to include jewelry in Free Trade Warehousing Zones (FTWZ).
Eli Lilly bets on blood cancer drugs with $2.3B deal
Eli Lilly, a leading pharmaceutical company, has announced its plan to acquire Ajax Therapeutics for up to $2.3 billion in cash.
US budget airlines seek $2.5B bailout amid fuel crisis
A group of US-based budget airlines, including Avelo Airlines and Frontier Airlines, are seeking $2.5 billion in federal financial aid, according to The Wall Street Journal.
How Ganga Expressway could reshape Uttar Pradesh's economy
Prime Minister Narendra Modi will inaugurate the Ganga Expressway on April 29.
How Trump's 123% duty will hurt India's solar industry
The United States has moved to impose a hefty 123.04% preliminary anti-dumping duty on solar cell and module imports from India.
'Come back home': Zoho founder calls on Indians in US
Sridhar Vembu, the founder of Zoho, has urged Indians living in the US to consider returning home.
MobiKwik bags RBI nod for NBFC license: Why it matters
Fintech giant MobiKwik has received approval for a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI).
JioHotstar hits ₹31,000cr revenue on sports, ads boom
Reliance Industries' media business, JioHotstar, has witnessed a massive surge in its financial performance for the fiscal year 2025-26.
Kissht IPO opens April 30, aims to raise ₹930cr
Digital lending platform Kissht has announced its initial public offering (IPO) on April 30.
Why Meta's $2B Manus acquisition has been blocked by China
China has blocked US tech giant Meta's acquisition of Chinese artificial intelligence (AI) start-up Manus.
You can order from Amazon Now in 100 Indian cities
Amazon has announced the expansion of its ultra-fast delivery service, Amazon Now, to 100 cities in India.
Why UBS downgraded IndiGo's stock from 'buy' to 'neutral'
UBS has downgraded IndiGo parent InterGlobe Aviation's stock rating from "buy" to "neutral," and reduced its target price from ₹5,480 to ₹4,940. The move comes amid rising challenges in the aviation sector.
You can soon ride SkyHop Aviation's seaplane in India
SkyHop Aviation has received the Air Operator Certificate (AOC) from the Directorate General of Civil Aviation (DGCA), paving the way for commercial seaplane services in India.
Bitcoin hits 3-month high today: Here we decode why
Bitcoin continued its slow climb toward the $80,000 mark today.
AI is impacting entry-level job market, says ex-Meta executive
Clara Shih, a former executive at Meta and Salesforce, has warned that artificial intelligence (AI) is making it harder for new graduates to find jobs.
Axis Bank cuts 3,100 jobs even as branch expansion accelerates
Axis Bank has announced a reduction of its workforce by 3,100 employees over the last one year.
India, New Zealand finally ink a free trade agreement
India and New Zealand have signed a landmark Free Trade Agreement (FTA), marking a major milestone in their economic relationship.
Acko heads for IPO with $2.5B valuation goal
Acko, a leading insurance start-up based in Bengaluru, has appointed ICICI Securities, Morgan Stanley and Kotak Securities as the book-running lead managers for its initial public offering (IPO).
Apple is giving John Ternus a strong start as CEO
Apple's John Ternus will officially take over as the tech giant's new CEO on September 1, 2026.
Gold, silver rates decline amid strong dollar, oil price surge
Gold and silver prices have started the week on a low note. The decline is mainly due to a strong US dollar and rising crude oil prices.
How RBI's latest steps have affected India's fintech firms
The Reserve Bank of India (RBI) has announced a series of regulatory changes that could significantly impact the country's fintech ecosystem.
Instant home services apps bag 10M monthly users in India
India's instant home services industry has crossed a major milestone, hitting over 10 million monthly active users (MAUs).
Indian government bonds see decline today: What's the reason?
Indian government bonds witnessed a decline today after the United States called off its planned talks with Iran.
Why SEBI has conducted search and seizure operations across India
The Securities and Exchange Board of India (SEBI) has conducted extensive search and seizure operations in connection with a suspected stock manipulation network.
You can buy this home in exchange of Anthropic shares
A unique property in Mill Valley, California, is on the market with an unusual condition.
Paytm shares fall 6% after RBI cancels bank licence
Shares of One97 Communications, the parent company of Paytm, plummeted over 6% in early trade today.