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Business News

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08 May 2026
TL;DR

Bajaj Life Insurance declares biggest-ever ₹1,939cr bonus 2025-26 fiscal year

Bajaj Life Insurance has declared its highest-ever bonus of ₹1,939 crore for FY26, benefiting over 11.89 lakh participating policyholders with eligible traditional plans.

08 May 2026
TL;DR

Ramp aims to raise $750 million at valuation above $40B

Ramp, an AI-powered corporate card startup, is reportedly in discussions to secure $750 million in funding, potentially co-led by Iconiq Capital and GIC.

08 May 2026
TL;DR

Thermax Limited shares surge 12% after strong Q4 FY26 results

Thermax shares soared 12% on May 8, marking their biggest gain in four years, as the company’s Q4FY26 results exceeded CNBC-TV18 estimates across key financial metrics.

08 May 2026
TL;DR

Which? sues Apple in UK for nearly £3bn over iCloud

Apple is being sued for nearly £3 billion in the UK over claims by Which? that its iCloud service unfairly limits competition and inflates consumer costs.

08 May 2026
TL;DR

David Roche warns Mideast energy crisis could shrink global GDP

Veteran strategist David Roche warns that optimism around AI-driven growth overshadows severe energy market vulnerabilities, potentially destabilizing global GDP and inflation.

08 May 2026
TL;DR

Maersk $500 million/mo Iran war hit, keeps 2026 shipping goals

Maersk CEO Vincent Clerc revealed the Iran war has raised monthly costs by $500 million, which the company plans to fully transfer to customers.

08 May 2026
TL;DR

OnEMI, company behind Kissht, lists on Friday, shares at ₹210.80

OnEMI Technology Solutions shares soared 23% above the IPO price, driven by robust investor demand and strong institutional participation in its ₹926 crore initial public offering.

08 May 2026
TL;DR

Sony reports 3.4% yearly net profit drop, forecasts record profit

Sony Group Corp. reported a 3.4% drop in annual profit to $6.6 billion but anticipates record-breaking profits of $7.4 billion for the current fiscal year.

08 May 2026
TL;DR

ClearTax report: India's tax systems adopt AI but firms lag

Despite AI-driven compliance advancements, ClearTax's 2026 report reveals only one-third of CFOs have real-time visibility into enterprise tax exposure.

08 May 2026
TL;DR

Sony expects ¥1.2T net profit as gaming boosts results

Sony projects a 1.2 trillion yen ($7.7 billion) net profit for the fiscal year ending March 2027, driven by strong video game operations and blockbuster PlayStation5 titles.

08 May 2026
TL;DR

NVIDIA market cap $5.05 trillion surpasses India's $5 trillion market

Nvidia's market cap has soared to $5.05 trillion, surpassing India's $5 trillion equity market, driven by its dominance in AI infrastructure and explosive growth in GPU demand.

08 May 2026
TL;DR

ED arrests Gameskraft founders under PMLA over alleged fraud

The Enforcement Directorate arrested three Gameskraft founders for alleged fraud and money laundering under PMLA, following raids and multiple FIRs linked to the gaming platform.

08 May 2026
TL;DR

Dabur shares gain after Q4 FY26 beat and asset sale

Dabur India shares surged after Q4 FY26 earnings exceeded profitability expectations, though analysts remain divided on the stock's future amid portfolio and margin concerns.

08 May 2026
TL;DR

Ravi Pandit, KPIT founder and automotive leader, dies in Pune

Ravi Pandit, founder and chairman of KPIT Technologies, a global leader in automotive engineering solutions, passed away on May 8 in Pune, the company announced.

08 May 2026
TL;DR

Indian rupee falls 45 paise to 94.67 per US dollar

The rupee depreciated by 45 paise to 94.67 against the U.S. dollar on May 8, 2026, as Brent crude prices surged past $101 per barrel amid U.S.-Iran tensions.

08 May 2026
TL;DR

EPFO allows up to 50% PF withdrawals via UPI, ATMs

EPFO subscribers may soon withdraw provident funds through ATMs and UPI, with the feature expected to launch by May-end under the modernised EPFO 3.0 initiative.

08 May 2026
TL;DR

Government unions press Eighth Pay Commission to update 'family unit'

The 8th Pay Commission discussions spotlight the "family unit" formula, a key factor shaping salary, allowances, and pension revisions for government employees.

08 May 2026
TL;DR

SBI set to offload ₹80,000cr ECLGS loans to aid firms

State Bank of India will disburse up to Rs 80,000 crore under ECLGS 5.0 to support businesses impacted by the West Asia crisis, offering extensive credit guarantee coverage.

08 May 2026
TL;DR

BSE posts 61% rise to ₹795.47cr, hits ₹3,994 52-week high

BSE shares surged to a 52-week high of ₹3,994 following a 61% y-o-y rise in Q4FY26 net profit, driven by strong derivatives revenue and increased trading activity.

08 May 2026
TL;DR

Sony launches ¥500 billion buyback after stock drops 22%

Sony Group Corp. revealed a $3.2 billion share buyback as surging memory costs pressure hardware margins, while its PlayStation 5 sales hinge on affordable component procurement.

08 May 2026
TL;DR

Goldman Sachs BDC sees troubled loans rise to 4.7%

Goldman Sachs BDC Inc.’s non-accrual investments rose to 4.7% of its portfolio, driven by mounting concerns over AI disruption and recent additions of struggling companies.

08 May 2026
TL;DR

Walmart CEO John Furner: quick commerce rising, Flipkart pushes minutes

Walmart CEO John Furner emphasized the rising demand for speed and convenience during his first India visit, as Flipkart intensifies its quick commerce expansion with Minutes.

08 May 2026
TL;DR

BSE shares slip despite Q4FY26 profit jumping to ₹797cr

Bombay Stock Exchange shares fell 3% despite a 61% jump in Q4FY26 net profit to Rs 797 crore, driven by an 85% revenue increase fueled by transaction charges growth.

08 May 2026
TL;DR

Tata Trusts delay meetings to May 16 as litigation persists

The highly anticipated Tata Trusts meetings, originally scheduled for May 8, have been deferred to May 16 following the Bombay High Court's refusal to halt proceedings.

08 May 2026
TL;DR

Biocon Q4 profit drops 57% to 199cr after 80cr 1-off

Biocon Ltd reported a 56.8% drop in consolidated net profit to ₹198.6 crore for Q4 FY26, impacted by an exceptional item outgo of ₹80.4 crore.

08 May 2026
TL;DR

India 10-year yield rises as U.S.-Iran clashes close Hormuz

The 10-year bond yield rose 3 basis points to 6.96% as the rupee weakened by 31 paise and Brent crude prices crossed $100 per barrel following US-Iran tensions.

08 May 2026
TL;DR

CoreWeave AI cloud posts $2.08B revenue and expenses reach $2.22B

CoreWeave Inc exceeded quarterly revenue expectations, driven by soaring demand for its high-performance cloud services tailored for AI model training and deployment.

08 May 2026
TL;DR

Sensex falls 422, Nifty below 24,200 amid West Asia tensions

Sensex opened 422 points lower, while Nifty slipped below 24,200 as banking and IT stocks dragged indices down amid foreign investor selling and geopolitical concerns in West Asia.

08 May 2026
TL;DR

Rupee opens weaker at 94.58 vs USD as Brent spikes

The Indian rupee fell 33 paise to 94.58 against the US dollar as escalating US-Iran tensions drove crude oil prices above $100, impacting market sentiment and currency stability.

08 May 2026
TL;DR

Indian banks' credit growth seen slowing to 12-13% by FY27

Indian banks are set to witness moderated credit growth of 12-13% by FY27E, driven by cooling demand and supply-side constraints amid a tightening liquidity environment.

08 May 2026
Startups

Prediction market start-up Kalshi raises $1B at $22B valuation

Kalshi, a leading prediction market platform, has raised $1 billion in its latest funding round. The investment has pushed the start-up's valuation to an impressive $22 billion.

08 May 2026
TL;DR

Mid-sized Indian IT firms add $1.1bn and narrow FY26 gap

India's mid-tier IT firms added $1.1 billion in FY26, narrowing the new business gap with larger players as they proved more resilient to AI disruption and demand uncertainty.

08 May 2026
TL;DR

TRAI seeks feedback until June 5 on 50L telecom fines

TRAI has proposed a fine of up to ₹50 lakh per quarter on telecom operators for improper handling of customer complaints, aiming to enhance grievance redressal mechanisms.

08 May 2026
TL;DR

India received record $138B remittances in 2024, World Migration Report

India achieved a record $138 billion in remittance inflows in 2024, driven by its 19-million-strong diaspora and rising earnings across key global destinations like the US and UAE.

08 May 2026
TL;DR

Lupin posts Q4 FY2026 profit up 87.7% to ₹1,468.7cr

Lupin Ltd reported an 87.7% surge in consolidated profit after tax for Q4 FY26, driven by robust US market performance and a 32.9% rise in consolidated sales.

08 May 2026
TL;DR

Mumbai-based Piramal Finance to borrow $1 billion for underserved Indians

Piramal Finance plans to raise $1 billion in foreign debt, leveraging offshore banks and agencies to expand its domestic consumer loan book amid rising demand and rupee volatility.

08 May 2026
TL;DR

India life-insurance new-business premiums rise nearly 16% to 4.59L/cr FY26

India’s life insurance industry witnessed a 15.7% rise in new business premiums, reaching ₹4.59 lakh crore in FY26, driven by robust demand across group and individual segments.

08 May 2026
TL;DR

Jensen Huang says he'd join Trump in China if invited

Nvidia CEO Jensen Huang expressed willingness to join President Trump’s upcoming China visit, highlighting his interest in representing the US at the high-stakes summit.

08 May 2026
TL;DR

NVIDIA to invest up to $2.1B in IREN AI infrastructure

Nvidia will invest up to $2.1 billion in IREN to deploy 5 gigawatts of AI infrastructure, addressing surging demand for computing power driven by rapid AI adoption.

08 May 2026
TL;DR

Indian investors move $2.2B abroad through February amid rupee weakness

Indian investors are increasingly turning to foreign markets due to limited exposure to AI-driven themes and underwhelming returns from domestic equities.

08 May 2026
TL;DR

UK advertisers sue Google for £3 billion over ad favoritism

Google is being sued in the UK for allegedly abusing its dominance in online display advertising, with British advertisers seeking up to £3 billion in compensation.

08 May 2026
TL;DR

Gold and silver rise as U.S.-Iran hopes, US dollar weakens

Gold and silver prices rose on Friday, supported by easing inflation concerns, a softer US dollar, and optimism over a potential US-Iran diplomatic breakthrough.

08 May 2026
TL;DR

Walmart CEO John Furner ends 1st India visit, meets Modi

Walmart CEO John Furner visited India to assess Flipkart and PhonePe's progress, met PM Modi, and highlighted India's dynamic role in global commerce.

08 May 2026
TL;DR

Centre considering raising PMJJBY life cover from ₹2L to ₹5L

The government is considering increasing the insurance cover under PMJJBY to Rs 5 lakh, marking a decade of Jan Suraksha schemes aimed at enhancing financial inclusion.

08 May 2026
TL;DR

SpaceX will provide Anthropic compute for Claude with Colossus 1

Elon Musk warned Anthropic that SpaceX could revoke its compute deal if their AI tools harm humanity, emphasizing ethical AI development as a condition for collaboration.

08 May 2026
TL;DR

Cloudflare cuts about 1,100 employees to pivot toward AI

Cloudflare announced a workforce reduction of over 1,100 employees, citing preparation for the "agentic AI era" as the reason, emphasizing it is not a cost-cutting measure.

08 May 2026
TL;DR

OnEMI Technology Solutions IPO ₹926cr oversubscribed 9.5 times before listing

OnEMI Technology Solutions is set to list today, May 8, with a 16% grey market premium, following strong IPO demand that saw 9.5 times subscription across investor categories.

08 May 2026
TL;DR

Tata trusts set May 8 meeting on possible governance changes

The Tata Trusts board meeting on May 8 will address key governance issues, including board composition and power dynamics, amid internal divisions and legal challenges.

08 May 2026
TL;DR

US Iran clashes push Asian stocks lower, Brent tops $102

Asian shares fell from record highs as US-Iran clashes heightened geopolitical risks, while crude oil surged over 2% on fears of prolonged disruptions in energy supplies.

08 May 2026
TL;DR

Nifty Midcap 100 tops 62,000 on earnings and retail support

Nifty midcap indices soared to all-time highs Thursday, driven by robust earnings, steady retail inflows, and strategic bargain buying despite foreign investor sell-offs.

08 May 2026
TL;DR

India faces POS terminal shortage as chip shortages slow imports

India's payments sector faces a PoS terminal shortage due to import disruptions from China and the West Asia crisis, driving up device prices by 15-20% and delaying deployments.

08 May 2026
TL;DR

India's biggest telcos oppose TRAI's short voice and SMS packs

India's top telecom operators oppose Trai's draft regulations mandating more voice-and-SMS-only plans, citing low demand, potential digital exclusion, and economic inefficiencies.

08 May 2026
TL;DR

Foreign investors pulled ₹30,856 cr in April as financials suffered

Foreign investors extended their sell-off in Indian financial stocks in late April, withdrawing ₹11,704 crore amid inflation concerns and sectoral risk aversion.

08 May 2026
TL;DR

India's gold ETFs log 11th straight month, $297.2 million in April

India's gold ETFs marked an eleventh consecutive month of inflows in April, surging 68% from March, despite volatile gold prices and global geopolitical uncertainties.

08 May 2026
TL;DR

US court blocks Trump's 10% global tariffs under Trade Act

The U.S. Court of International Trade ruled 2–1 against Donald Trump’s 10% global tariffs, deeming them unjustified under Section 122 of the Trade Act of 1974.

08 May 2026
TL;DR

SpaceX preparing June Nasdaq IPO with possible $2 trillion valuation

SpaceX’s June IPO, projected to exceed a $2 trillion valuation, is set to create unprecedented wealth, transforming early investors and employees into billionaires overnight.

08 May 2026
TL;DR

Shake Shack shares tumble 30% after $290,000 quarterly loss

Shake Shack's stock plummeted 30% after missing Wall Street expectations, citing bad weather, beef inflation, and declining tourism as key factors behind disappointing results.

08 May 2026
TL;DR

Ryan Cohen sells items on eBay to fund GameStop bid

GameStop CEO Ryan Cohen launched an eBay storefront, selling eclectic items like vintage video games and $14,000 socks, to help fund the company’s $55.5 billion bid for eBay.

08 May 2026
TL;DR

US dollar strengthens after Iran rejects Strait of Hormuz reopening

The US dollar strengthened amid cautious sentiment over the Iran conflict, as hopes for a de-escalation in the war faced renewed uncertainty.

08 May 2026
TL;DR

Oil swings $5 on U.S.-Iran deal hopes, Bandar Abbas reports

Oil prices rebounded after reports emerged that Iran rejected a U.S. proposal regarding the Strait of Hormuz, fueling concerns over escalating geopolitical tensions.

08 May 2026
TL;DR

Trump sets July 4 2026 deadline for EU trade deal

US President Donald Trump has warned the EU to ratify its trade deal by July 4, threatening higher tariffs on European goods if commitments remain unfulfilled.

08 May 2026
TL;DR

Torrent captures 38% of India generic semaglutide market April 2026

Torrent Pharma has emerged as the frontrunner in India's generic semaglutide market, capturing a 38% share within a month of launch, driven by its diverse delivery formats.

08 May 2026
TL;DR

DOJ warns companies at NYU against fake AI merger claims

The DOJ's antitrust head warned companies against using unsubstantiated AI disruption claims to justify mergers, emphasizing the need for evidence during reviews.

08 May 2026
TL;DR

Indian banks move wholesale operations home amid Iran US conflict

Indian banks have implemented business continuity plans, relocating staff from West Asia to India. This follows government advisories amid the ongoing Iran-US conflict.

08 May 2026
TL;DR

SoftBank eyes NVIDIA and Foxconn for AI servers in Japan

SoftBank is in talks with Nvidia and Foxconn to manufacture high-performance AI servers in Japan, initially assembling components sourced from abroad.

08 May 2026
TL;DR

S&P 500 firms beat forecasts as AI fuels earnings

Corporate America celebrates a stellar earnings season, with 84% of S&P 500 firms beating estimates, but rising energy costs and weak consumer sentiment signal challenges ahead.

08 May 2026
TL;DR

Indian textile sector seeks rollback of 11% cotton import duty

India's textile sector urges the government to remove the 11% cotton import duty, citing high domestic prices and declining production as key challenges to global competitiveness.

08 May 2026
TL;DR

President Trump leads CEOs to China next week for cooperation

Top executives from Nvidia, Apple, Boeing, and other major firms will accompany President Trump to China next week for a high-stakes summit.

07 May 2026
Swiggy

JioHotstar brings Swiggy food delivery directly into live IPL streams

JioHotstar has partnered with Swiggy to offer an in-app food ordering feature.

07 May 2026
Electric Vehicles

India, Vietnam elevate ties, aim for $25B bilateral trade

India and Vietnam have upgraded their bilateral relationship to an Enhanced Comprehensive Strategic Partnership.

07 May 2026
Amazon

Meet investor who helped Skyroot become India's first space-tech unicorn

Skyroot Aerospace has become India's first space-tech unicorn after raising $60 million (approximately ₹570 crore) in a funding round.

07 May 2026
Tata Motors Ltd

Why Tata Motors' $4.4B Iveco acquisition is getting delayed

Tata Motors' $4.4 billion acquisition of Italian commercial vehicle manufacturer Iveco has been delayed, the latter announced on Thursday.

07 May 2026
Elon Musk

Musk wanted to poach OpenAI's leadership for Tesla, trial reveals

Testimony from the ongoing legal battle between Elon Musk and OpenAI has revealed that Musk once tried to bring OpenAI's leadership into Tesla.

07 May 2026
Paytm

Paytm has no plans to apply for NBFC license

One97 Communications, which operates the Paytm brand, has announced that it has no plans to apply for a Non-Banking Financial Company (NBFC) license.

07 May 2026
Tamil Nadu

FDs over stocks? Where Vijay parks his nearly ₹650cr fortune

Actor Vijay, who recently won big in the Tamil Nadu Assembly elections with his party Tamilaga Vettri Kazhagam (TVK), is now eyeing the chief minister's chair.

07 May 2026
Adani Group

Andhra Pradesh government clears ₹2L crore investment proposals

The Andhra Pradesh government has approved investment proposals worth over ₹2 lakh crore.

Noel Tata's resistance to IPO creates an internal rift

Tata Group, one of India's largest conglomerates, is witnessing an internal conflict over the proposed initial public offering (IPO) of its holding company, Tata Sons.

07 May 2026
China

DeepSeek could hit $45B valuation in first funding round

DeepSeek, a Chinese artificial intelligence (AI) lab, is in talks to raise its first-ever venture capital round.

07 May 2026
Paytm

Paytm shares jump 6% after first-ever annual profit

Shares of One97 Communications, the parent company of Paytm, surged nearly 6% in early trade on Thursday.

07 May 2026
Snapchat

Snap narrows Q1 loss as revenue rises 12% YoY

Snap Inc., the parent company of Snapchat, has reported its first-quarter earnings for 2026.

07 May 2026
Microsoft

What Microsoft is offering employees to retire voluntarily

Microsoft is offering a voluntary retirement package to long-serving employees in the US.

Investor group asks SEC to review SpaceX disclosures before IPO

An investor group advising union pension funds has called on the US Securities and Exchange Commission (SEC) to closely examine SpaceX's disclosures.

07 May 2026
App Store

Apple's bid to pause App Store ruling denied

The US Supreme Court has denied Apple's request to stay a ruling that found the tech giant in violation of court-ordered changes to its App Store.

07 May 2026
Elon Musk

Shivon Zilis, mother of Musk's children, testifies in OpenAI trial

Shivon Zilis, an executive at Elon Musk's brain implant company Neuralink and the mother of four of his children, testified in the ongoing OpenAI trial.

07 May 2026
Apple

Apple to invest ₹100cr in India's renewable energy sector

Apple has announced an initial investment of ₹100 crore to expand its renewable energy capacity in India.

07 May 2026
Donald Trump

Crude tops $100 again as US-Iran talks remain uncertain

Oil prices have rebounded after a two-day losing streak, recovering from a 10% fall in the previous session.

07 May 2026
Warner Bros

Ted Turner, CNN founder and pioneer of 24-hour news, dies

Ted Turner, the media mogul who revolutionized global television news by founding CNN in 1980, has passed away at the age of 87. His death was confirmed by a statement from Turner Enterprises.

07 May 2026
Startups

Skyroot becomes India's 1st space tech unicorn with $60M funding

Hyderabad-based Skyroot Aerospace has become India's first space tech unicorn after raising $60 million in a funding round co-led by Ram Shriram's Sherpalo Ventures and GIC.

06 May 2026
Layoff News

Why Pocket FM has laid off 10% of its employees

Pocket FM, the popular audio storytelling app, has laid off around 100-130 employees or nearly 10% of its total workforce, as per Entrackr.

06 May 2026
Elon Musk

Shocker! OpenAI president Greg Brockman thought Musk would hit him

OpenAI President Greg Brockman has shared details of a tense 2017 meeting with Elon Musk.

06 May 2026
Uttar Pradesh

UP's defense corridors have received ₹35,000cr boost, says Yogi Adityanath

Uttar Pradesh is witnessing a massive transformation in its defense sector.

06 May 2026
Indian Government

How Modi government plans to ensure cybersecurity of finance sector

The Indian government is working on a comprehensive cybersecurity strategy for the financial sector, including banks, securities markets, insurance, pensions, and financial market infrastructure.

06 May 2026
SpaceX

SpaceX plans $55B chip factory for AI push

SpaceX has announced plans to invest a whopping $55 billion in a semiconductor manufacturing facility in Texas.

06 May 2026
Indian Economy

India's exports hit record high of $863B on services surge

India's total exports have reached a new high of $863.11 billion in the fiscal year 2025-26, according to data from the Directorate General of Commercial Intelligence and Statistics (DGCI&S) and the Reserve Bank of India.

06 May 2026
India

This Chinese home appliances giant might start manufacturing in India

Chinese home appliances giant Midea Group is on the verge of finalizing a local manufacturing joint venture (JV) in India, as per Moneycontrol.

06 May 2026
Reserve Bank Of India (RBI)

RBI's draft rules for property acquisition: How it affects you?

The Reserve Bank of India (RBI) has proposed draft guidelines allowing banks and non-banking financial companies (NBFCs) to take over properties as a last resort for recovering unpaid loans.

06 May 2026
National Stock Exchange

NSE's upcoming IPO: Which investors will offload their shares?

India's biggest stock exchange, the National Stock Exchange (NSE), is gearing up for its long-awaited initial public offering (IPO).

06 May 2026
Facebook

Facebook co-founder's venture firm to invest $50-100M annually in India

B Capital, the venture capital firm led by Facebook co-founder Eduardo Saverin, is set to ramp up its investments in India.

Billionaire NVIDIA director Mark Stevens donates $200M to alma-mater USC

Mark Stevens, a billionaire and director at NVIDIA, and his wife Mary, has donated $200 million to the University of Southern California (USC).

06 May 2026
Nifty

Sensex closes 940 points up: Key reasons behind today's rally

The Indian stock market witnessed a major surge on Wednesday, with the benchmark indices Sensex and Nifty gaining over 1% each.

06 May 2026
Stock Market

Foreign investors sell ₹2T of Indian equities in 4 months

Foreign institutional investors (FIIs) have pulled out nearly ₹1.98 lakh crore from Indian equities in the first four months of 2026, data from the National Securities Depository Limited (NSDL) showed.

06 May 2026
Apple

Intel shares hit all-time high as Apple considers chipmaking partnership

Intel's shares have skyrocketed by a whopping 15.4%, hitting an all-time high of $120 per share.

06 May 2026
Turkey

Central banks become net gold sellers after 10-month buying streak

For the first time in 10 months, central banks have become net sellers of gold, according to data from the World Gold Council (WGC).

06 May 2026
Layoff News

Grocery delivery start-up Apna Mart fires 10% of its workforce

Accel and Peak XV-backed grocery delivery start-up, Apna Mart, has laid off 10% of its workforce.

06 May 2026
India

Indian firms to pump $20.5B in these US sectors

Indian companies are gearing up to invest over $20.5 billion in the United States across tech, manufacturing and pharmaceuticals sectors.

06 May 2026
Stock Market

These stocks in India will benefit from ECLGS 5.0 scheme

The Indian government's approval of the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 is expected to benefit select financial and aviation stocks.

06 May 2026
Indian Government

Modi government clears ₹1,570cr ship repair facility in Gujarat

The Indian government has approved the establishment of a modern ship repair facility at Vadinar, Gujarat.

06 May 2026
Kumar Mangalam Birla

Vi stock jumps 5% after Birla's comeback as non-executive chairman

Vodafone Idea's shares witnessed a major spike of over 5% today. The surge comes after Aditya Birla Group Chairman Kumar Mangalam Birla was appointed as the new non-executive chairman of the debt-ridden telecom company.

06 May 2026
Donald Trump

Why gold and silver prices are surging today

Gold and silver prices witnessed a surge today, following a minor recovery in global bullion markets. The rise comes after recent losses in the sector.

06 May 2026
Apple

Apple agrees to $250M settlement over delayed AI features

Apple has agreed to pay $250 million to settle a class-action lawsuit that accused the tech giant of misleading customers over its Apple Intelligence features.

06 May 2026
Indian Economy

India's services sector hits 3-month high as demand surges

India's services sector has shown signs of recovery, with the Purchasing Managers' Index (PMI) hitting a three-month high of 58.2 in April.

Freshworks to cut 11% workforce as AI reshapes software industry

Freshworks, a leading business-software company, has announced its decision to cut 11% of its workforce.

06 May 2026
Samsung Electronics

Samsung hits $1T valuation on AI chip demand

Samsung Electronics has reached a major milestone, hitting a $1 trillion market valuation. The achievement comes on the back of skyrocketing demand for artificial intelligence (AI) chips.

06 May 2026
Donald Trump

Oil prices fall as Trump pauses military operation in Hormuz

Oil prices fell on Wednesday after US President Donald Trump announced a temporary halt to the naval escort effort in the Strait of Hormuz. The decision has sparked hopes for a possible deal with Iran.

05 May 2026
Climate Change

ESG funds: Understanding this financial option

Environmental, social, and governance (ESG) funds are becoming increasingly popular among Indian investors looking to make a positive impact.

05 May 2026
Larsen & Toubro

L&T's Q4 results: Net profit down 3% to ₹5,326cr

Larsen & Toubro (L&T) has announced a 3% year-on-year decline in its consolidated net profit for the fourth quarter.

05 May 2026
Nykaa

Why Nykaa has been sued by Zee Entertainment 

Zee Entertainment has filed a lawsuit against Nykaa, accusing the latter of using its copyrighted songs in Instagram reels for product promotion.

05 May 2026
State Bank of India (SBI)

SBI customers brace for 4-day disruption amid upcoming staff strike

The State Bank of India (SBI) is likely to witness service disruptions later this month.

05 May 2026
Cognizant

Cognizant may cut 12,000-15,000 jobs globally

Cognizant, a leading IT services company, is considering a major workforce reduction that could affect between 12,000 and 15,000 employees worldwide, as per Moneycontrol.

05 May 2026
Mahindra & Mahindra

M&M Q4 profit rises 42% YoY to ₹4,668cr

Mahindra and Mahindra (M&M) has announced a 42% year-on-year jump in its consolidated net profit for the fourth quarter of FY25-26.

05 May 2026
Inflation

India's cash withdrawals jump 12%, highest since 2017 demonetization

India is witnessing a major shift in its cash economy as currency in circulation (CIC) has increased by over ₹61,000 crore in the first half of April.

05 May 2026
Amazon

How Amazon's latest move triggered a global logistics stock selloff

Amazon announced a new suite of logistics services, sending shockwaves through the industry.

05 May 2026
Google

Google parent Alphabet wants to raise $3.5B via bond sale

Alphabet Inc, the parent company of Google, has returned to the euro market with a mega bond deal.

05 May 2026
Punjab National Bank

PNB's Q4 results: Net profit rise 14% YoY to ₹5,225cr

Punjab National Bank (PNB) has reported a strong 14% year-on-year increase in its net profit for the fourth quarter of FY26.

This data center operator is planning $900M IPO in India

Yotta Data Services, a leading player in India's data center market, is planning an initial public offering (IPO) in Mumbai.

05 May 2026
Sensex

Sensex tanks nearly 750 points: What's behind today's decline?

The Indian stock market witnessed a major slump on Tuesday, with the Sensex plummeting by almost 750 points.

05 May 2026
JP Morgan

Ex-JPMorgan banker faked father's death to get bereavement leave 

Chirayu Rana, the former JPMorgan Chase banker, who accused a female colleague of forcing him to become her "sex slave," faked his father's death to take nearly three months of paid leave, The New York Post reported.

05 May 2026
ChatGPT

OpenAI sales head departs amid intensifying AI competition

James Dyett, the sales leader at OpenAI, has announced his departure from the company. He joined OpenAI in 2023 during a period of rapid growth after the launch of ChatGPT.

05 May 2026
Google

Canadian musician sues Google over false sex offender claims

Canadian fiddler Ashley MacIsaac has filed a $1.5 million lawsuit against Google, accusing the tech giant of defamation.

05 May 2026
Kiran Mazumdar Shaw

Meet Claire Mazumdar, Kiran Mazumdar-Shaw's successor at Biocon

Kiran Mazumdar-Shaw, the Founder and Chairperson of Biocon, is considering a succession plan for the company.

05 May 2026
Stock Market

Will Damodar Valley Corporation finally make stock market debut?

The Bharatiya Janata Party's (BJP) victory in the West Bengal assembly elections has revived hopes of an initial public offering (IPO) for Damodar Valley Corporation (DVC).

05 May 2026
Elon Musk

Musk v/s OpenAI trial heats up as Greg Brockman testifies

The legal battle between Elon Musk and OpenAI continued on Monday.

05 May 2026
Elon Musk

Elon Musk tried to settle OpenAI case before court battle

Elon Musk reached out to OpenAI's president Greg Brockman just two days before his multibillion-dollar lawsuit against them was set to go to trial.

05 May 2026
Elon Musk

Musk settles SEC case over Twitter stake for $1.5M

Elon Musk has settled a civil lawsuit with the US Securities and Exchange Commission (SEC) over his delayed disclosure of initial purchases in Twitter, now known as X.

05 May 2026
Ronnie Screwvala

Why Unacademy is being sold at 90% discount

Edtech giant UpGrad is set to acquire rival platform Unacademy in an all-stock deal. The acquisition comes after months of negotiations and is expected to be finalized soon.

05 May 2026
Petrol Diesel Prices

Gold rises as crude oil prices stoke inflation fears

Gold prices in global markets witnessed an increase on May 5, while silver saw a minor dip. The movement is being attributed to high crude oil prices and geopolitical tensions.

04 May 2026
Africa

India to host 4th India-Africa Forum Summit after decade-long gap

India will host the fourth India-Africa Forum Summit (IAFS-IV) in New Delhi from May 28 to 31.

04 May 2026
Adani Group

Setback for Vedanta! NCLT upholds Adani's ₹15,000cr plan for Jaypee

The National Company Law Appellate Tribunal (NCLAT) has upheld the approval of Adani Enterprises's over ₹15,000 crore resolution plan for Jaiprakash Associates Ltd under the insolvency process.

04 May 2026
Iran

India's LPG consumption nosedives 16% amid US-Iran war

India's LPG consumption has seen a major decline of 16% in April.

04 May 2026
Strait of Hormuz

Global crude oil supply gap of 5mbpd may hit demand

A recent report by PL Capital has flagged a global crude oil supply deficit of nearly 4.8 million barrels per day (mbpd).

04 May 2026
Nirmala Sitharaman

SEBI to launch C-KYC 2.0 for unified know-your-customer system

The Securities and Exchange Board of India (SEBI) is gearing up to launch C-KYC 2.0 by July this year.