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IDFC First Bank branch hit by ₹590cr fraud
The Rs 590-crore fraud at IDFC First Bank's Haryana branch involved employees and external parties, with funds siphoned off through manual cheque-debit transactions.
IDFC First Bank fraud: Employees suspended, probe on
The investigation into the Rs 590-crore IDFC First Bank scam is now focusing on 391 suspicious transactions across over 170 accounts.
Indian IT stocks bleed in February; Infosys, Wipro lead losses
Indian IT stocks rebounded significantly, gaining over 2% in early trade on Wednesday, following a global tech rally and easing AI-disruption concerns.
India's tech sector on track for record $315 billion revenue
Despite concerns over AI disruption, India's IT industry is set to surpass $300 billion in revenue for the first time, amidst increasing global demand.
Why this brokerage's latest ratings could be a big deal
Bernstein maintains an 'Outperform' rating on food delivery platforms Swiggy and Eternal, predicting up to 60% upside despite potential AI disruption.
OpenAI appoints Arvind KC as Chief People Officer
OpenAI has named Arvind KC, a former executive at Roblox Corp., as its new chief people officer, overseeing hiring and employee development.
India is not behind in AI race: IBM CEO
IBM CEO Arvind Krishna asserts that India is not lagging in the AI race and should concentrate on deployment, despite recent market turbulence.
India's youth drives ChatGPT usage, but profits lag
India's surge in AI app downloads is pushing tech giants to prioritize user acquisition over immediate revenue, despite monetization hurdles.
Wall Street rebounds as AI deals boost software sector
Wall Street ended higher on Tuesday, led by tech stocks as renewed interest in artificial intelligence (AI) eased concerns over its disruptive potential.
Australian software firm WiseTech to lay off 2,000 employees
Australian logistics software firm, WiseTech Global, plans to cut 2,000 jobs over two years as it integrates artificial intelligence into its operations.
IBM's Arvind Krishna calls stock drop over AI concerns excessive
IBM's CEO, Arvind Krishna, dismisses the recent 13% stock drop as an overreaction and discusses the potential of AI to disrupt traditional IT services and jobs.
AI fears rattle tech IPOs, but SpaceX, OpenAI still bullish
Artificial Intelligence (AI) concerns have triggered a tech selloff, dampening what was anticipated to be a blockbuster year for Initial Public Offerings (IPOs).
Major companies are suing the US government over tariffs
L'Oreal, Dyson and Bausch + Lomb have joined a growing list of companies suing for refunds of tariffs imposed under President Trump's emergency trade measures.
Wayve raises $1.2B for self-driving tech, hitting $2.8B total funding
UK-based startup Wayve has raised $1.2 billion in a funding round featuring Nvidia, Uber, and three automakers, boosting its valuation to $8.6 billion.
Pentagon gives AI firm Anthropic ultimatum over military use
Anthropic, an artificial intelligence lab, is refusing to ease its usage restrictions for military purposes despite pressure from the Pentagon, according to a source.
S2.dev raises $3.85 million to simplify real-time data updates for apps
San Francisco-based data infrastructure startup S2.dev has raised $3.85 million in a funding round led by Accel. The funds will be used to accelerate product development and global expansion.
Armatrix raises $2.1 million to build AI-powered snake-like robotic arms
Bengaluru-based robotics startup Armatrix has raised $2.1 million in a funding round led by pi Ventures, aiming to commercialize its snake-like robotic arms for industrial use.
Haryana banking scam: ₹100cr moved through suspicious transfers
The State Vigilance and Anti-Corruption Bureau is investigating a woman and her brother for suspicious transfers of nearly Rs 100 crore linked to the IDFC First Bank scam.
Singapore trip nets ₹1 lakh crore in UP investment proposals
Chief Minister Yogi Adityanath ended his Singapore visit securing investment proposals worth ₹1 lakh crore, with MoUs over ₹60,000 crore already signed.
India's tech sector to reach $315B in FY26: NASSCOM
Despite facing disruptions from AI-native competitors, India's tech industry is projected to grow by 6.1% to $315 billion in FY26.
India to cut down on imports, boost local manufacturing
India is initiating a significant exercise to identify gaps in its manufacturing sector and understand import reliance, aiming to boost local production.
US imposes steep tariffs on solar products from India, Indonesia
The US Commerce Department has announced countervailing duties on solar cells and panels imported from India, Indonesia, and Laos to offset subsidies.
Standard Chartered India posts 15% profit boost for 2025
Standard Chartered's India operations reported a 15% increase in pre-tax profit to $542 million in 2025, despite a slight drop in operating income.
India's semiconductor sector seeks skilled engineers amid recruitment drive
India's semiconductor sector is experiencing a hiring boom, with companies actively recruiting for chip design and manufacturing roles amid industry expansion.
European stocks barely budged midweek
European stock indexes remained steady despite a decline in bank stocks, while utilities and chemical makers saw gains due to positive earnings.
OpenAI slashes compute budget to $600 billion from $1.4 trillion
OpenAI has drastically reduced its projected compute spend to $600 billion by 2030, a significant drop from its initial $1.4 trillion commitment.
What is index fund investing?
Index fund investing is a popular choice for those looking to build long-term wealth without the hassle of active management.
Aditya Birla-backed Bewakoof sees founder exit after 14 years
Prabhkiran Singh, the founder of popular fashion brand Bewakoof, has announced his decision to step down from the company. He will continue in his role till the end of March 2026.
Deepinder Goyal's LAT Aerospace buys robotics start-up Sharang Shakti
Deepinder Goyal's aviation venture LAT Aerospace has acquired Gurugram-based defense robotics start-up Sharang Shakti.
AI fears batter IT stocks, Nifty IT down 21% monthly
The Nifty IT index has plunged over 5% today, marking the fifth consecutive session of decline.
Livspace CBO quits amid 1,000+ layoffs, co-founder exit
Lalit Mittal, the Chief Business Officer (CBO) of Livspace, has resigned from his position.
'Doomsday' report rattles global markets, predicts economic collapse
The global economy has had a rollercoaster ride this year, and a new 'doomsday' report is only adding to the turmoil.
Paytm launches silver savings, allows investments starting at ₹20
Paytm has launched a new feature called 'Paytm Silver,' allowing users to invest in silver through its app. The company hopes this will make asset-based savings more accessible.
FedEx sues US government, seeks refund for illegal Trump tariffs
FedEx has sued the US government, seeking a "full refund" for tariffs imposed by President Donald Trump.
IBM shares tank 13% as Anthropic's AI threatens legacy systems
International Business Machines (IBM) saw its shares tank by nearly 13.2% to $223.35 per share on Monday.
Gilt funds: What they are actually
Gilt funds are a popular investment option for those looking to invest in government securities.
Sensex slips over 500 points, investors lose ₹3 trillion
The Indian stock market opened on a bearish note today, with the Nifty 50 and Sensex witnessing a major slump.
Paramount raises bid for Warner Bros Discovery to counter Netflix
Paramount Skydance has upped its offer for Warner Bros Discovery in a strategic move to thwart the latter's deal with Netflix.
Trump weighs new tariffs on batteries, chemicals, telecom gear
US President Donald Trump is considering a fresh round of national security tariffs on some six sectors.
Anthropic opens $6B employee share sale at $350B valuation
Anthropic has announced a secondary share sale for its current and former employees.
MobiKwik gets BSE approval to start stock broking business
Fintech giant MobiKwik has announced that its wholly-owned subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), has received approval from the Bombay Stock Exchange(BSE) to start a stock broking business.
Have an inoperative account? EPFO will refund your money
In a major development, the Ministry of Labour and Employment has approved a pilot project to automatically refund money from small-balance inoperative Employees' Provident Fund Organisation (EPFO) accounts.
HCL, Foxconn to train engineers for India's semiconductor sector
HCL Group and Foxconn are teaming up to develop a skilled workforce for India's semiconductor ambitions.
UP bags investments worth ₹6,650cr in Singapore
Uttar Pradesh Chief Minister Yogi Adityanath has signed three memoranda of understanding (MoUs) worth ₹6,650 crore during his visit to Singapore.
Urban Company-owned rapid-response service InstaHelp now has 50,000 daily users
Urban Company has announced that its rapid-response service, InstaHelp, has crossed 50,000 daily bookings in less than a year since its pilot launch in March 2025.
What are real estate investment trusts?
Real Estate Investment Trusts (REITs) have emerged as a popular investment option in India, giving investors a chance to invest in real estate without having to buy property.
Carlsberg plans $700M IPO of Indian unit
Danish brewer Carlsberg is gearing up for a major move in India.
Gaudium IVF IPO fully subscribed: Know what GMP signals
The initial public offering (IPO) of Gaudium IVF & Women's Health has been fully subscribed on its second day of bidding.
How US tariff changes will impact India? Nirmala Sitharaman explains
Finance Minister Nirmala Sitharaman has said it is "too soon" to comment on the impact of recent tariff changes in the United States on India's economy.
Corporate India might see salary hike of 9.1% in 2026
India Inc. expects an average salary hike of 9.1% in 2026, slightly down from the 9.3% increase projected for this year, according to the EY Future of Pay report.
EPFO might soon invest in rare earths, railways, defense
The Employees' Provident Fund Organisation (EPFO) is planning to diversify its investment portfolio by exploring new sectors such as rare earths, railways, and defense.
Not Mumbai, but Gurugram is now India's luxury housing destination
India's luxury housing market has a new champion: Gurugram.
Indian IT stocks decline as Jefferies warns AI risks persist
Indian IT stocks slid as much as 2.5% on Monday following a sector-wide downgrade by global investment firm Jefferies.
Amazon's new Bengaluru office is its 2nd-largest in Asia
Amazon has inaugurated its second-largest office in Asia, in Bengaluru.
Kerala to upgrade Vizhinjam port for ₹2,000cr, inks MoUs
The Kerala government has signed memoranda of understanding (MoUs) with three central public sector firms to develop a ₹2,000 crore logistics master plan at the Vizhinjam International Seaport.
Watching developments in IDFC Bank fraud case, says RBI governor
The Reserve Bank of India (RBI) is closely monitoring the recent ₹590 crore fraud case involving IDFC First Bank.
What is P2P power trading and how it helps you?
Peer-to-peer (P2P) power trading is a revolutionary concept that allows consumers, including households, businesses, and farmers with renewable energy sources, to sell their surplus electricity directly to other consumers.
Bombay HC lifts stay on proceedings against Anil Ambani, RCom
The Bombay High Court has lifted a stay on proceedings against industrialist Anil Ambani and Reliance Communications Ltd, to classify their bank accounts as fraud.
Can Bhavish Aggarwal's Krutrim survive without Ola group's funds?
Bhavish Aggarwal's artificial intelligence start-up, Krutrim, is largely supported by business from Ola group companies.
AU Small Finance Bank denies defrauding the Haryana government
AU Small Finance Bank has denied any wrongdoing in the alleged fraudulent opening of accounts.
SBI shares post best performance since 2024: What's the reason?
State Bank of India (SBI), India's largest lender, is witnessing a great performance.
Why Tata Communications and RailTel have joined hands in India
Tata Communications and RailTel Corporation of India have announced a strategic partnership to develop next-generation digital infrastructure for India and beyond.
Before taking a loan, read all about interest rates
Navigating through the world of loans can be tricky, especially when it comes to understanding interest rates.
CleanMax's ₹3,100cr IPO now open: Should you subscribe?
CleanMax Enviro Energy Solutions has launched its ₹3,100 crore initial public offering (IPO) today.
Gold, silver ETFs surge 17% on US-Iran tensions, tariff uncertainties
Gold and silver Exchange Traded Funds (ETFs) witnessed a major spike on Monday. The rise was mainly due to the escalating tensions between the United States and Iran.
IDFC First Bank shares crash 20% on ₹590cr fraud case
Shares of IDFC First Bank, a private lender based in Mumbai, witnessed their biggest single-day fall since March 2020.
Sensex gains over 600 points: What's behind today's rally?
The Indian stock market opened on a strong note today, with the Sensex gaining over 600 points to reach 83,445. The Nifty also followed suit, rising over 190 points to 25,762.
Trump says Netflix must fire Susan Rice or face 'consequences'
US President Donald Trump has threatened Netflix with "consequences" if the streaming giant does not fire board member Susan Rice.
Bitcoin falls below $65,000 as Trump's tariffs rattle global markets
Bitcoin, the world's largest cryptocurrency, has hit an eight-month low after falling below the $65,000 mark today.
Nine IPOs to open for subscription in India next week
The primary market is gearing up for a busy week, with nine new initial public offerings (IPOs) set to open for subscription.
IDFC First Bank reports ₹590cr fraud involving Haryana government accounts
IDFC First Bank has reported a major fraud worth ₹590 crore, involving its employees and other parties.
RBI builds data center safe from cross-border threats, seismic risk
The Reserve Bank of India (RBI) has established a highly-secured data center in Odisha, away from potential cross-border threats and high seismic-risk zones.
JPMorgan admits it shut Trump's accounts after January 6 attack
JPMorgan Chase has admitted to shutting down the bank accounts of US President Donald Trump and his businesses after the January 6, 2021 attacks on the US Capitol.
SC to hear Meta's appeal against privacy policy fine tomorrow
The Supreme Court is set to hear appeals from technology giants Meta and WhatsApp against a Competition Commission of India (CCI) order tomorrow.
Why India, US have rescheduled meeting on interim trade deal
India and the United States have decided to postpone their upcoming meeting of chief negotiators in Washington, DC.
India's Q3 GDP growth to touch 7.2%, says ICRA
ICRA, a leading rating agency, has projected India's year-on-year (YoY) GDP growth to moderate at 7.2% in the third quarter (Q3) of FY2025-26.
This Indian mine will become world's largest coal producer
Coal India's Gevra mine in Chhattisgarh is on course to become the world's largest coal producer by next year.
Market cap of India's top 6 firms up by ₹63,478cr
The combined market capitalization of six of the top 10 most valued companies in India rose by ₹63,478.46 crore last week.
Beer industry to invest ₹5,500cr in UP by 2029
The Brewers' Association of India (BAI) has announced that the beer industry will invest around ₹5,500 crore in Uttar Pradesh over the next three years.
Trump raises global tariffs to 15%: How it affects India?
US President Donald Trump has announced an increase in the global tariff rate from 10% to 15%.