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India's precious metal ETFs face ₹7,312cr outflows in May
Silver ETFs recorded their fourth consecutive month of outflows in May, while gold ETFs posted their first monthly outflow in a year amid price corrections and profit-booking.
TSMC reports 30% May 2026 revenue jump from AI demand
Taiwan Semiconductor Manufacturing Co. reported a 30% rise in May sales, driven by surging global demand for AI chips as tech giants ramp up investments in AI infrastructure.
India's CAD seen at 1.8% of GDP in FY27
India's current account deficit is projected to be 1.8% of GDP in FY27, revised down from 2%, driven by resilient invisible receipts and adjustments in trade components.
Trumps received $500 million from WLFI sale before AI financial troubles
The Trump family reportedly earned $500 million from a cryptocurrency deal with AI Financial Corp., which later faced a 93% stock plunge and significant investor losses.
Exponent Energy raises ₹200cr as 360 ONE Asset enters EV
Exponent Energy has raised Rs 200 crore ($21.1 million) in a funding round co-led by 360 ONE Asset and TDK Ventures to accelerate EV adoption in India.
Concord Biotech wins US FDA approval for tofacitinib tablets
Concord Biotech shares rose 5% after securing USFDA approval for Tofacitinib Tablets, a $500 million market drug, strengthening its foothold in the US pharmaceutical sector.
India fuel use drops 6.5% May amid West Asia conflict
India's fuel consumption fell by 6.5% in May to 19.93 million tonnes, driven by a sharp decline in LPG and bitumen demand amid rising prices and global supply constraints.
Debt mutual funds post 97,000cr outflow as liquid funds suffer
Debt mutual funds saw net outflows of ₹96,949 crore in May, reversing April’s robust inflows of ₹2.47 lakh crore, driven by volatile institutional treasury movements.
Xpeng CEO He Xiaopeng to lead IRON robotics mass production
Xpeng CEO He Xiaopeng will lead the company's robotics unit as it prepares for mass production of its humanoid IRON robots, targeting commercialization by 2027.
Jayshree Ullal named richest Indian-origin woman on Forbes 2026
Jayshree Ullal, CEO of Arista Networks, ranks No. 7 on Forbes' 2026 America's Richest Self-Made Women list with a $6.8 billion fortune, the highest among Indian-origin women.
Gold ETFs see biggest monthly drop with ₹725cr May outflow
Gold ETFs faced a record ₹725 crore outflow in May, reversing April's inflow, while silver ETFs attracted ₹2,133 crore amid shifting investor preferences.
CMR Green Technologies opens over 40% above ₹192 IPO price
CMR Green Technologies' IPO was subscribed over 127 times, driven by strong institutional backing. The stock debuted with a 43% premium on BSE and NSE.
Anthropic India Private Limited disputes Anthropic Softwares's brand copying claims
Anthropic India Private Limited (AIPL) has asserted its status as a separate legal entity, distancing itself from the U.S.-based Anthropic PBC in an ongoing trademark dispute.
Salesforce cuts 86 roles across Agentforce AI, Mulesoft, Marketing Cloud
Salesforce has laid off 86 employees, including those from its Agentforce AI and Mulesoft IT teams, as part of its ongoing workforce reductions amid rising AI adoption.
Equity mutual fund inflows drop over 40% in May 2026
Net inflows into equity mutual funds fell over 40% month-on-month to ₹22,897 crore in May, marking the lowest level in the past 12 months.
China factory prices hit near 3-year high, consumer inflation flat
China's producer inflation surged to 3.9% in May, driven by soaring energy costs and AI-related demand, while consumer inflation remained subdued at 1.2%.
Zepto IPO will make Aadit Palicha, 23, youngest listed CEO
At 23, Aadit Palicha will become India's youngest MD and CEO of a publicly listed company as Zepto prepares for its IPO, marking a remarkable entrepreneurial journey.
Japan's top 3 banks to launch stablecoins by March 2027
Japan's top three banks will jointly issue yen-based stablecoins by March 2027, aiming to modernize payment systems as blockchain technology gains momentum in the country.
Zoho debuts 1st in-house Nathu La servers cutting energy 12-18%
Zoho Corporation has unveiled its first India-designed server, Nathu La, aiming to cut AI and data centre costs while enhancing control over its technology stack.
Markets rally as Sensex jumps 513 points and Nifty rises
Sensex surged over 500 points in early trade, driven by gains in Reliance and HUL, even as geopolitical tensions in West Asia and rising crude prices weighed on global sentiment.
Sensex rebounds 486 points as oil steadies despite U.S.-Iran tensions
Indian stock markets rose on Wednesday as stable crude oil prices and strength in defensive stocks outweighed concerns over renewed US-Iran hostilities in West Asia.
Wipro plans ₹15,000cr buyback at ₹250 for June 5 holders
Wipro's Rs 15,000 crore share buyback at Rs 250 per share, a 38% premium to its previous closing price, opens June 10, offering retail investors a tactical profit opportunity.
Reliance-backed Addverb Technologies to raise over $100 million for global expansion
Indian robotics firm Addverb Technologies, backed by Mukesh Ambani's Reliance, aims to raise over $100 million to expand globally and develop cutting-edge humanoid robots.
CleanMax stock jumps 15% after 900 MW Meta partnership
CleanMax shares soared 15% to a 52-week high after announcing a 900 MW renewable energy partnership with Meta, boosting India’s clean energy transition.
Infosys shares dip after stock turns ex dividend for ₹25
Infosys shares dropped over 1.5% on June 10 as the stock turned ex-dividend for its Rs 25 per share final dividend, adjusting downward to reflect the payout.
Aluminum drops 1.4% to $3,498 on London Metal Exchange
Aluminum prices hit a one-month low as escalating Middle East tensions and expectations of prolonged US rate hikes weighed on industrial metal demand and global growth prospects.
Rupee slips 19 paise to 95.54 against US dollar
The Indian rupee weakened by 19 paise to 95.54 per dollar on June 10, driven by foreign fund outflows, importer dollar demand, and a cautious global risk environment.
TSMC says inflation makes things tough, will price by technology
Rising inflation is driving up TSMC's operating costs, potentially influencing chip prices, even as the company struggles to meet surging AI-driven semiconductor demand.
China restricts rare earth exports, disrupting global supply chains
China's export controls on key rare earth minerals, including yttrium and terbium, are driving up global prices, impacting EVs, semiconductors, and defense systems.
RBI tells banks to finish gap assessments by June 2026
The Reserve Bank of India has directed banks to complete a board-approved gap assessment and action plan by June to address cybersecurity risks from advanced AI models like Mythos.
US strikes on Iranian targets push oil up, gold falls
Crude oil prices rebounded nearly 1% amid escalating US-Iran tensions, while gold extended losses, dropping over 1%, as rising oil prices stoked inflation concerns.
KOSPI drops over 2% to 7,902.84 amid U.S.-Iran tensions
South Korean shares plunged over 2% on Wednesday as escalating hostilities in West Asia, including U.S. strikes on Iran, fueled market volatility and investor concerns.
KOSPI drops 3.6% as chip stocks fall on U.S.-Iran tensions
South Korea's KOSPI dropped nearly 4% as semiconductor stocks tumbled, driven by AI rally concerns and heightened geopolitical risks following U.S. strikes on Iran.
Reliance Industries, Meta launch Llama enterprise AI in India
Meta Platforms and Reliance Industries have partnered to develop enterprise AI solutions in India, leveraging Meta's Llama models. The venture includes a new 168 MW data center.
ICICI Prudential Mutual Fund launches Nifty Smallcap 250 ETF NFO
ICICI Prudential Mutual Fund has introduced the Nifty Smallcap 250 ETF, offering investors exposure to 250 small-cap companies ranked between 251-500 in market capitalisation.
India's exports reach record $863 billion in fiscal year 2025-26
India's total exports soared to a record $863 billion in FY26, driven by robust growth in merchandise and services exports, according to the Commerce Ministry.
India's stock market set for ₹60,000cr surge in 2 months
India's equity market sees renewed activity as over 12 firms plan to raise $6.3 billion through IPOs and placements, signaling optimism after a subdued start to 2026.
Brent crude rises to $92.51 as U.S.-Iran clashes escalate
Crude oil prices soared as Brent surpassed $92 per barrel after escalating US-Iran tensions, including retaliatory strikes near the Strait of Hormuz, rattled global energy markets.
Platforms must register gig workers on eShram by June 21
The government has mandated digital platforms like Swiggy, Zomato, and Uber to register gig workers on the eShram portal by June 21, ensuring access to social security benefits.
Investors shift into AI stocks as Bitcoin loses $1.2 trillion
Bitcoin has plunged from its $126,000 peak to $60,000, erasing $1.2 trillion in market value as investors shift focus to booming AI stocks and grapple with higher interest rates.
Zepto readies IPO after 210 million Q4 orders, highlights net receivables
Zepto, despite rapid order growth with 210 million orders in Q4 FY26, faces steep losses of Rs 1,248 crore, trailing Blinkit’s profitability as it prepares for its IPO.
Gold falls $62.60, silver slips as investors await US inflation
Gold dropped 1.46% and silver fell 0.48% as investors turned cautious ahead of US inflation data, with rising rate hike expectations pressuring precious metals.
Nintendo stock falls 7.5% after Direct omits new Super Mario
Nintendo's shares dropped 7.5% after its game lineup reveal lacked major franchises, fueling worries over the Switch 2's momentum amid rising hardware prices.
FPIs pour ₹10,000cr into Indian bonds after policy changes
Foreign investors have poured nearly ₹10,000 crore into Indian bonds in four sessions, driven by tax exemptions on debt gains and expanded investment options by the RBI.
Super Micro Computer seeks $7B to build $39B AI servers
Super Micro Computer plans to raise $7 billion through equity offerings to fund component purchases, addressing $39 billion in advanced AI server orders.
US dollar steadies after Iran airstrikes, markets eye May inflation
The dollar remained stable after U.S. strikes on Iran, while investors awaited key inflation data for insights into Federal Reserve policy direction.
US military strikes on Iranian targets lift Brent to $92.29
Oil prices rose as US military strikes on Iran reignited supply concerns, while an eighth consecutive weekly decline in US crude inventories further supported the market.
SAP CEO Christian Klein says India a future AI frontrunner
India has the talent, infrastructure, and government backing to lead in applying AI across industries like manufacturing and finance, says SAP CEO Christian Klein.
India eases SEZ import rules to speed semiconductor factory setup
India's semiconductor sector gains momentum as new rules exempt SEZ imports from quality checks, expediting chip manufacturing and assembly under the India Semiconductor Mission.
Major Indian firms to raise over ₹30,000Cr through QIPs
India's primary market shows signs of revival as listed companies, including Premier Energy and AU Small Finance Bank, prepare QIPs totaling over ₹30,000 crore.
GM develops sodium-ion batteries for AI data centers and grids
GM partners with Peak Energy to develop sodium-ion batteries for grid-scale energy storage, aiming to revolutionize power solutions for AI data centers and industrial sites.
Government raises 20000cr via stakes and monetization, hits quarter target
The Centre has collected Rs 20,000 crore through disinvestment and asset monetisation in two months, achieving 25% of its annual target amid rising subsidy pressures.
Meta and Mike Rowe announce $115 million academy with free training
Meta and Mike Rowe have unveiled a $115 million program, America’s Workforce Academy, offering free training and guaranteed jobs for future welders, plumbers, and electricians.
Bitcoin dips below $60,000 as investors favor huge IPOs
Bitcoin tumbled to $61,000 as investors shifted focus to high-profile AI and tech IPOs like SpaceX, fueling fears of a prolonged crypto bear market among analysts.
NHAI starts 2026-27 asset monetization aiming to raise ₹35,000cr
NHAI has initiated its FY27 asset monetisation drive, opening bids for two Tamil Nadu highway stretches under TOT mode, with Epic Concesiones 2 Pvt Ltd emerging as the top bidder.
IDBI Bank should be sold in FY27, says report
The strategic divestment of IDBI Bank is now expected to be completed in FY27, government sources have said to Moneycontrol.
Why Microsoft has fired hundreds of Azure employees in China
Microsoft has laid off hundreds of employees in its Azure cloud unit in China.
Why Rajiv Bajaj is stepping down from Bajaj Finserv's board
Rajiv Bajaj, a prominent non-executive director at Bajaj Finserv, has decided to step down from the company's board.
World's biggest banks funneled $906B into fossil fuels last year
The world's biggest banks have pledged a staggering $906 billion in financing to the fossil fuel industry last year, a new report has revealed.
PhonePe, CRED will soon allow rent payment using credit cards
Fintech giants PhonePe and CRED are testing a new model for rent payments through credit cards.
Adani Energy is acquiring smart metering firm IntelliSmart for ₹3,050cr
Adani Energy Solutions Limited (AESL) has announced its plan to acquire IntelliSmart Infrastructure Private Limited for ₹3,050 crore.
GSK buys US biopharma company Nuvalent for $10.6B
British pharmaceutical giant GlaxoSmithKline (GSK) has announced its acquisition of US-based biopharmaceutical company Nuvalent for $10.6 billion.
DIIs buy ₹4.16L crore worth of equities in 2026
Domestic institutional investors (DIIs) have been on a buying spree in the Indian equity market this year, with their net purchases surpassing ₹4.16 lakh crore in just over five months of 2026.
This FirstCry-promoted company wants to raise ₹1,000cr via IPO
Swara Baby Products, a FirstCry-promoted company that specializes in manufacturing baby and adult diapers as well as feminine hygiene products, is gearing up for an initial public offering (IPO) of up to ₹1,000 crore.
India well-positioned to weather global economic slowdown: World Bank
The World Bank has said that India is well-positioned to weather the storm of a slowing global economy.
Pentagon blacklists Alibaba, BYD over ties to Chinese military
The Pentagon has added Alibaba, Baidu, and BYD to its list of companies allegedly aiding the Chinese military.
Jailed crypto mogul Sam Bankman-Fried turns to Trump for pardon
Sam Bankman-Fried, the former cryptocurrency mogul who is currently serving a prison term for fraud, has requested a presidential pardon from Donald Trump.
IndiGo shares surge 4% on FY30 growth plans
Shares of InterGlobe Aviation, which operates IndiGo, surged over 4% on Thursday.
CRED launches new credit and lending app
CRED, a leading player in India's fintech space, has launched a new standalone app called 'Cash by CRED.'
Acko wants to raise $300M via IPO at $2B valuation
Acko, a leading digital insurance provider, is gearing up to file its draft papers for an initial public offering (IPO) worth around $300 million.
Sam Altman's eye-scanning start-up, Tools for Humanity, is firing workers
Tools for Humanity, the iris-scanning start-up co-founded by Sam Altman, has announced layoffs.
Paytm to increase its headcount by 10%
Indian fintech giant Paytm has announced plans to hire around 4,000 employees over the next nine months.
SpiceJet delays pilot salaries as it seeks government-backed loan
SpiceJet has delayed salary payments to many of its pilots since March, as per internal communications reviewed by Reuters.
At TCS, AI agents could equal humans in 3 years
Tata Sons Chairman N Chandrasekaran has said that Tata Consultancy Services (TCS) could have as many artificial intelligence (AI) agents as human employees in three years.
China's exports surge past expectations on booming AI demand
China's exports and imports grew faster than expected in May, driven by a surge in demand for artificial intelligence (AI) hardware.
Perplexity sticks with 2028 IPO plan
Artificial intelligence (AI) start-up Perplexity has confirmed its intention to go public in 2028. This decision comes despite the recent IPO filings from Anthropic and OpenAI.
Zepto founders face ED scrutiny over foreign investments
Quick commerce start-up Zepto has revealed that its co-founders Aadit Palicha and Kaivalya Vohra were summoned by the Enforcement Directorate (ED) earlier this year.
Zepto files for $1B IPO
Zepto, a leading player in the quick commerce space, has filed its updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India(SEBI).
Infosys delays hiring tests for 20,000 candidates over cheating concerns
Infosys, a leading IT services company, has suspended online and in-person assessments for over 20,000 job seekers.
OpenAI files for IPO
OpenAI, the artificial intelligence (AI) giant behind ChatGPT, has confidentially filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC).
Why Meta has taken legal action against NSO Group
Meta has filed a contempt filing against Israeli spyware firm NSO Group for violating a permanent injunction that prohibits it from targeting WhatsApp and its users.
AI is now taking orders at McDonald's drive-thru restaurants
McDonald's is testing a new artificial intelligence (AI)-driven drive-thru order-taking system, ArchIQ.
You can soon invest in corporate bond-index derivatives in India
The Securities and Exchange Board of India (SEBI) is working with the Reserve Bank of India (RBI) to introduce derivatives linked to corporate bond indices.
Aviation industry unlikely to meet net-zero emissions goal by 2050
The aviation industry, which pledged to achieve net-zero carbon emissions by 2050, is now doubting its ability to meet this target.
RBI measures may draw foreign investments worth $50-60B in India
ICICI Securities has projected that India could see an influx of $50-60 billion in foreign investments in the coming months.
TCS wins multi-million euro deal from Canada Life
Tata Consultancy Services (TCS) has won a multi-year, multi-million euro contract from Canada Life, one of the world's leading life and pensions insurers.
Indian Railways to launch new ticket reservation system from August
Indian Railways is gearing up for a major upgrade of its Passenger Reservation System (PRS) from August.
SEBI weighs reforms to stockbroking, IPO, and research analyst norms
The Securities and Exchange Board of India (SEBI) is considering a host of reforms to improve market efficiency.
Kimi maker Moonshot AI eyes $30B valuation in latest round
Moonshot AI, the company behind the Kimi chatbot, is in talks to raise up to $2 billion. The funding would increase its valuation to a whopping $30 billion.
At $122B, engineering goods become India's top export category
India's engineering sector has become the country's largest merchandise export segment, accounting for over 25% of total goods exports.
HDFC Bank delays CEO reappointment decision amid legal review
HDFC Bank's board is delaying the decision on CEO Sashidhar Jagdishan's reappointment.
Walmart tells employees AI will assist, not replace them
Walmart, the world's largest retailer, has assured its employees that artificial intelligence (AI) is here to assist them in their work rather than replace them.
You can now withdraw entire PF balance in emergency situations
The Employees' Provident Fund Organisation (EPFO) has introduced a major change in its rules, allowing members to withdraw their entire provident fund (PF) balance under certain special circumstances.
CMR Green IPO allotment today: How to check status online
CMR Green Technologies' initial public offering (IPO) has attracted strong investor interest.
8th Pay Commission delay could lead to arrears worth lakhs
The implementation of the 8th Pay Commission, which was originally due on January 1, 2026, has been delayed.
Rajesh Exports shares hit lower circuit for 3rd consecutive day
Rajesh Exports' stock has hit its lower circuit limit for the third straight trading session.
Carlsberg wants to raise $700M via IPO in India
Danish brewer Carlsberg A/S is gearing up to file draft papers for an initial public offering (IPO) of its Indian unit, possibly this month.
Adani Ports makes South America debut with $70M contract
Adani Ports and Special Economic Zone (APSEZ) has won a 10-year marine services contract for Argentina's first liquefied natural gas (LNG) export project.
Sensodyne maker setting up manufacturing plant in India for ₹2,000cr
Haleon, the company behind popular sensitivity toothpaste Sensodyne, has announced its plan to invest £175 million (approximately ₹2,000 crore) in a new manufacturing facility in India, as per Mint.
India seeks inclusion in Bloomberg's global bond index
India is set to reapply for inclusion in major global bond indices, including the Bloomberg Global Aggregate Index.
Oil market will see oversupply after Hormuz reopening: Fitch Ratings
Fitch Ratings has predicted that the global oil market will return to oversupply after the reopening of the Strait of Hormuz.
'Make in Russia for India' model pitched for fertilizer JVs
India's Ambassador to Moscow, Vinay Kumar, has pitched the 'Making in Russia for India' model.
Will Rajesh Exports be dropped from Modi government's PLI scheme?
The Ministry of Heavy Industries (MHI) is considering removing Rajesh Exports from its production-linked incentive (PLI) scheme for advanced chemistry cell (ACC) battery storage.
Why Curefoods has delayed its ₹800cr IPO plan
Curefoods, a leading cloud kitchen platform, has decided to delay its ₹800 crore initial public offering (IPO) plan.