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Prestige Estates Projects March 2026 quarter net ₹250.1cr, revenue ₹4,143.5cr
Prestige Estates Projects Ltd reported a consolidated net profit of ₹250.1 crore for Q4 FY26, a significant rise from ₹25 crore in the same period last year.
PFRDA Chairman Deepak Mohanty Ramann says APY cap may rise
The PFRDA is evaluating proposals to raise the Rs 5,000 monthly pension cap under Atal Pension Yojana, citing long-term government liabilities as a key factor.
Reserve Bank of India caps digital EMIs at half income
The Reserve Bank of India has introduced stricter digital lending guidelines to enhance transparency, protect borrowers, and promote responsible borrowing practices.
Crypto market quiet as Bitcoin near $77,700 and Ethereum $2,130
Bitcoin hovers near $77,700, holding critical support at $76,000-$76,500, while Ethereum trades around $2,130 amid cautious sentiment as crypto market recovery remains sluggish.
Gold falls as strong dollar, Federal Reserve hike expectations rise
Gold prices dipped 0.3% as a stronger US dollar and rising oil prices fueled expectations of prolonged high interest rates, pressuring the non-yielding metal's appeal.
India's 10-year yield falls to 7.08% ahead of ₹32,000-cr auction
The benchmark 10-year bond yield slipped three basis points to 7.08% as traders stayed cautious before a key weekly debt auction and potential RBI dollar sales.
Reliance Power reports ₹494cr net loss in March quarter
Reliance Power posted a consolidated net loss of ₹494 crore for Q4 FY26, compared to a net profit of ₹125.57 crore in the same quarter last year.
Aurobindo Pharma becomes India's 2nd-biggest overtaking Dr Reddy's with ₹33,653cr
Aurobindo Pharma surpassed Dr Reddy’s Laboratories in FY26 with ₹33,653 crore revenue, driven by European growth, becoming India’s second-largest pharma company after Sun Pharma.
TCS defers Wings unit evaluations and assessments amid AI-first shift
TCS has deferred its promotion-linked Wings programme, citing alignment with its AI-first strategy and evolving business needs, sparking employee concerns over career progression.
Air India unveils Maharaja Lounge at San Francisco International Airport
Air India debuts its luxurious Maharaja Lounge at San Francisco International Airport, enhancing premium travel experiences and strengthening its presence in North America.
Sanjay Malhotra says RBI won't raise interest rates outside schedule
The Reserve Bank of India is unlikely to implement an off-cycle rate hike despite rupee volatility and rising crude oil prices, focusing instead on balancing inflation and growth.
Campus Fund report: 17% deep-tech, Ph.D. founders rise nearly 7-fold
India’s student startup ecosystem is shifting toward deep-tech and research-led ventures, with sectors like AI, defence, and quantum technologies gaining prominence over edtech.
Capital Group invests over $2 billion in 3 Adani firms
Capital Group has invested over $2 billion in three Adani Group firms, signaling a strategic pivot from Reliance Industries amid shifting foreign investor preferences in India.
AI demand and data localization driving India's data centers growth
India is witnessing a rapid surge in data centre capacity, driven by AI adoption and data localisation policies, positioning the country as a global hub for digital infrastructure.
Nifty IT plunges to 27,078, wiping out nearly ₹18Lcr value
India's top IT firms have lost ₹17.6 lakh crore in market value amid AI disruption fears and weak spending, pushing valuations to their lowest since the global financial crisis.
ASCI releases draft guidelines classifying AI ads and banning deepfakes
India's ad regulator ASCI drafts guidelines to address transparency and risks in AI-generated advertising, categorizing ads into high, medium, and low risk for consumer protection.
Adani Power announces purchase of Jaypee Group assets for ₹4,200cr
Adani Power will acquire stakes in Jaypee Group's power assets, including a 24% stake in JPVL and the Churk thermal plant, as part of Jaypee's debt restructuring efforts.
Rupee down over 7% at ₹96.3 against US dollar
The rupee has depreciated 7.04% against the dollar in 2026, driven by soaring crude oil prices amid the Iran-U.S. war and persistent foreign investor equity outflows.
Dozens of states ask federal judge to split Live Nation-Ticketmaster
Over 30 states urge Judge Arun Subramanian to dismantle Live Nation-Ticketmaster, following a jury's ruling that the company operates as an illegal monopolist.
Japan's core inflation 1.4% hits 4 year low, testing BOJ
Japan's core inflation slowed to 1.4% in April, the lowest in four years, as government subsidies curbed living costs, challenging the Bank of Japan's plans for a rate hike.
Vodafone Idea stock rises 61% after over ₹23000cr AGR cut
Vodafone Idea shares surged 61% since April, driven by government AGR relief, fresh promoter funding, and operational improvements like rising ARPU and reduced losses.
Indian B2B AI startups deploy projects in under 3 months
India's B2B AI startups are witnessing shorter sales cycles as companies rapidly adopt AI, moving from proof of concept to large-scale deployments within months.
India's diesel spike and outages risk ₹300cr telecom costs
Surging summer power demand and rising diesel prices are escalating operational challenges for India's telecom industry, threatening network reliability and increasing costs.
Foreign investors pull nearly ₹18,000cr from India's financial sector
Foreign investors withdrew ₹17,960 crore from India's financial sector in early May, driven by tighter banking margins and India's reduced appeal among emerging markets.
TRAI, Centre probe Airtel priority postpaid plan for net neutrality
Indian authorities are examining Airtel's priority postpaid service to ensure compliance with net neutrality norms and assess its impact on prepaid users' service quality.
Vedanta Resources to restructure over $5bn after Vedanta Ltd demerger
Vedanta Resources Ltd is in talks with global banks to refinance $5.25-5.5 billion debt through 10-year bonds and five-year loans, aiming to align repayments with cash inflows.
Venezuela overtakes Saudi Arabia as India's 3rd biggest oil supplier
Venezuela has become India’s third-largest crude oil supplier in May, surpassing Saudi Arabia and the US, driven by increased purchases of its cost-effective, heavy crude.
Rupee ends 10-day skid, hits 96.20 as RBI stepped in
The Indian rupee rebounded sharply after 10 days of losses, driven by significant Reserve Bank of India interventions and speculation about potential interest rate hikes.
Investors diversify beyond TSMC as Asia's AI chip market expands
As AI demand diversifies, investors are shifting focus from TSMC to other tech players like MediaTek and Samsung, driven by broader hardware needs and memory market growth.
SpaceX IPO filing warns Grok 'Spicy' 'Unhinged' modes pose risk
SpaceX's IPO paperwork highlights potential financial and reputational risks tied to Grok chatbot’s “Spicy” mode, citing concerns over harmful content and regulatory scrutiny.
Experts warn Strait of Hormuz closure could spark 2008-style shock
A prolonged Strait of Hormuz closure could trigger an economic downturn akin to the 2008 recession, with oil prices potentially peaking at $130 per barrel.
Bengaluru ET Power table says AI will transform Indian companies
Indian business leaders foresee AI becoming central to operations within 4-5 years, with discussions highlighting its current applications and future transformative potential.
Indian companies' overseas investment surged to $3.37B in April 2026
Indian companies' overseas direct investments more than doubled to $3.37 billion in April, driven by equity flows and led by major players like Coforge and Lupin.
OpenAI expands law firm roster amid lawsuits, clears court hurdle
OpenAI, valued at $852 billion, has enlisted over a dozen top U.S. law firms to navigate complex litigation and major deals amid IPO preparations and copyright disputes.
Government notifies Insolvency and Bankruptcy Code changes to help MSMEs
The government has eased insolvency resolution norms for MSMEs, reducing valuation requirements and tightening conflict-of-interest rules in pre-packaged processes.
US and India aim for $500B annual trade by 2030
The US aims to finalize a bilateral trade agreement with India, enhancing market access and reducing barriers, as stated by Ambassador Sergio Gor at a recent event.
X fined in Australia for not complying with child-safety measures
Elon Musk's social media platform, X Corp, has been fined A$650,000 (nearly $463,063) by an Australian court.
WeWork India shares surge 20% after strong Q4 results
WeWork India Management Ltd's shares hit the upper circuit limit of 20% on Thursday, following a stellar performance in its fourth quarter (Q4) earnings.
What Meta is offering thousands of laid-off employees
Meta Platforms has started laying off around 8,000 employees globally. The move is part of a larger organizational restructuring aimed at improving efficiency and reallocating resources.
SpiceJet faces fresh legal trouble, lessor seeks $8M dues enforcement
Cash-strapped airline SpiceJet is facing another legal challenge.
SpaceXAI is hiring! Musk says no prior AI experience needed
Elon Musk's SpaceX is on a new hiring spree for its artificial intelligence (AI) division, dubbed "SpaceXAI."
What drove India's wholesale inflation to a 42-month high
India's wholesale inflation has hit a 42-month high, soaring to 8.3% in April from March's 3.88%.
JPMorgan to hire more AI specialists, fewer bankers
Jamie Dimon, the CEO of JPMorgan Chase, has announced that the company will be hiring more artificial intelligence (AI) specialists. This comes as a shift from traditional banking roles.
RBI considers interest rate hike to stabilize rupee
The Reserve Bank of India (RBI) is weighing all possible measures to stabilize the Indian rupee, including an interest rate hike and currency swaps.
RBI considers rate hike as rupee hits new low
The Reserve Bank of India (RBI) is exploring various measures to stabilize the rupee, including an interest rate hike.
India IPO market set for revival in second half: Citigroup
Citigroup has predicted a revival in India's initial public offering (IPO) market in the second half of 2026.
350 jobs at risk in Ireland as Meta plans layoffs
Meta, the parent company of Facebook, Instagram, and WhatsApp, has announced plans to cut about 10% of its workforce.
Indian-origin Microsoft veteran Soma Somasegar (59) dies
Soma Somasegar, a highly respected Indian-origin technology executive and former Microsoft executive, has died at the age of 59.
OpenAI could go public by September
OpenAI, the company behind the popular ChatGPT chatbot, is gearing up for an initial public offering (IPO) in the coming weeks, according to The New York Times.
Publishers win $19.5M judgment in piracy lawsuit against shadow library
A coalition of 13 major publishers has won a massive $19.5 million judgment against the controversial shadow library, Anna's Archive.
India's private sector growth slows in May
India's private sector activity witnessed a slowdown in May, with the HSBC India Composite Purchasing Managers' Index (PMI) easing to 58.1 from April's 58.2.
NVIDIA hits record revenue, announces $80B buyback plan
NVIDIA has reported a record-breaking revenue of $81.6 billion for the quarter ending April 26, marking a 20% increase from the previous quarter.
Anthropic on track for 1st-ever profitable quarter
Anthropic, the AI start-up that has been making waves in the industry, is on track to achieve its first-ever profitable quarter, according to The Wall Street Journal.
xAI lost $6.4B last year, SpaceX's IPO filing reveals
Elon Musk's artificial intelligence (AI) company, xAI, reported a staggering $6.4 billion operating loss in 2025, according to SpaceX's IPO filings.
Musk's SpaceX pay hinges on Mars colonization, space data centers
Elon Musk's compensation package as the CEO of SpaceX is heavily dependent on ambitious space exploration milestones.
Intuit to lay off 3,000 employees
Intuit, the financial software giant behind popular products like TurboTax and QuickBooks, is laying off nearly 3,000 employees or about 17% of its global workforce.
SpaceX files for IPO
Elon Musk's space exploration company, SpaceX, has filed for an initial public offering (IPO) in the US.
Samsung averts major strike after tentative wage deal
Samsung Electronics' shares surged by as much as 6.5% in morning trade on Thursday.
India's core sector output jumps 1.7% in April
India's infrastructure output witnessed a modest growth of 1.7% in April, up from a revised 1.2% in the previous month.
Lenskart's Q4 results: Net profit down 7.5% YoY to ₹204cr
Leading eyewear brand Lenskart has announced its financial results for Q4 of FY26.
Ola Electric's Q4 loss down 42.5% YoY to ₹500cr
Ola Electric Mobility has reported a consolidated net loss of ₹500 crore for the March quarter.
BPCL now imports 41% of its oil from Russia
State-owned Bharat Petroleum Corporation Limited (BPCL) has ramped up its import of Russian oil to around 40-41% of its total imports.
US company slammed for rewarding vaping with Bitcoin
Puffpaw, a blockchain hardware manufacturer in the US, has come under fire for its controversial marketing strategy.
India's competition watchdog has a warning for Big Tech firms
The Competition Commission of India (CCI) has vowed to prevent Big Tech firms from creating a "winner-takes-all" environment in the country's rapidly growing digital economy.
Modi's 'Melody' moment with Italian PM sparks Parle Industries rally
Shares of Parle Industries have hit the upper circuit after Prime Minister Narendra Modi's gesture of gifting Melody toffees to Italian Prime Minister Giorgia Meloni during his Rome visit.
India's GDP to grow at 6.4% in 2026: UN
The United Nations (UN) has revised its economic growth forecast for India, projecting a rate of 6.4% for 2026. The new estimate is lower than the previous projection of 6.6%.
US Treasury bond yield hits 19-year high: What's the reason?
The yield on the 30-year US Treasury bond has surged to its highest level since 2007, hitting a peak of 5.2%.
Crude oil prices surge in India today: What's the reason?
Crude oil prices on the Multi Commodity Exchange (MCX) rose nearly 0.7% to ₹10,095 per barrel today.
Southwest Airlines opens 1st tech hub outside US in Hyderabad
Southwest Airlines has opened its first-ever Global Innovation Center outside the US in Hyderabad.
Why India Semiconductor Mission 2.0 might be extended to 12-years
The Indian government is mulling an extension of the second phase of the India Semiconductor Mission (ISM) to up to 12 years, senior officials have told Business Standard.
After Trump-Xi summit, China agrees to buy 200 Boeing jets
China has confirmed its decision to buy 200 Boeing jets, following a recent meeting between US President Donald Trump and Chinese President Xi Jinping in Beijing.
India to send oil tankers through Strait of Hormuz again
India is gearing up to send vessels through the Strait of Hormuz for energy cargoes from Middle East suppliers.
Over 48,000 Samsung workers set to strike tomorrow
Samsung Electronics' labor union has announced plans to strike on May 21, after wage negotiations with the tech giant failed.
Meta begins laying off 8,000 employees
Meta Platforms has started laying off around 8,000 employees worldwide as part of a restructuring process.
Tesla cancels India factory plans
Tesla has reportedly scrapped its plans to set up an electric vehicle (EV) factory in India.
India plans $1B incentive for electric busses, trucks adoption
Indian government is mulling over an incentive program worth over $1 billion to promote the adoption of electric busses and trucks by private operators.
Indian rupee hits all-time low of ₹96.91 against US dollar
The Indian rupee has hit an all-time low of ₹96.91 against the US dollar, owing to rising US Treasury yields, high crude oil prices, and geopolitical tensions in West Asia.
Gold rises on US-Iran deal optimism
Gold prices saw a slight uptick on Wednesday, driven by hopes of a possible peace agreement between the United States and Iran.
Google DeepMind's Demis Hassabis was an early Anthropic investor
Demis Hassabis, the co-founder of Google's DeepMind, was an early investor in the artificial intelligence start-up Anthropic, according to a report by Financial Times.
Why founders of Groww have sold shares worth ₹260cr
The promoters and promoter group of wealth-tech firm Groww have sold a combined 0.23% stake in the company for ₹250-260 crore.
SpiceJet can seek Delhi HC's relief from ₹144cr deposit order
The Supreme Court of India has allowed budget carrier SpiceJet to approach the Delhi High Court for relief from a ₹144.5 crore deposit order.
Nayara Energy restarts operations at its Gujarat refinery
Indo-Russian oil refining and marketing company Nayara Energy has resumed operations at its 400,000 barrels-per-day Vadinar refinery after a maintenance shutdown.
Could dog nannies earn up to $1,34,000 in a year?
The United States is witnessing a surge in demand for a new breed of premium pet care professionals known as "dog nannies" or "dog governesses."
Centre may receive record ₹3 trillion dividend from RBI
India's fiscal position is set for a major boost this week, with the Reserve Bank of India (RBI) likely to transfer a record surplus of nearly ₹3 trillion ($31.2 billion) to the government, according to a Bloomberg report.
After 80 days, you can now trade in Iranian stocks
Iran's stock market has reopened today, after an unprecedented 80-day closure due to the conflict with US and Israel.
Indian start-up database in the works: What will it cover?
The Ministry of Electronics and Information Technology (MeitY) is planning to create a comprehensive national start-up database.
Adani Group shares surge as US drops criminal charges
Shares of the Adani Group, including Adani Enterprises and Adani Ports, witnessed a jump of up to 3.5% on Tuesday.
Indian rupee hits all-time low of 96.47 against USD
The Indian rupee has hit a new all-time low, falling to 96.47 against the US dollar. The fall comes amid persistently high crude oil prices and weaker Asian currencies.
Ahead of upGrad merger, Unacademy's test-prep chief Sumit Jain resigns
Sumit Jain, the CEO of Unacademy's test-prep business, has resigned from his full-time role. The decision comes ahead of a potential merger between Unacademy and upGrad Education.
Why Starbucks Korea has fired its CEO
Starbucks Korea's CEO Son Jung-hyun has been fired over a controversial marketing campaign.
Google and Blackstone plan to launch an AI cloud company
Tech giant Google and investment firm Blackstone are teaming up to launch a new artificial intelligence (AI) cloud company.