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Business News

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26 Jun 2026
TL;DR

Parliamentary panel to meet RBI July 2 on crypto regulation

India's Parliamentary Standing Committee on Finance will convene with RBI officials on July 2 in Delhi to discuss regulatory frameworks for virtual digital assets (VDAs).

26 Jun 2026
TL;DR

Welltower CEO Shankh Mitra becomes world's 2nd-highest-paid for 2025 $821 million

Shankh Mitra, CEO of Welltower, earned a staggering $821 million in 2025, making him the world's second-highest paid executive after Tesla's Elon Musk.

26 Jun 2026
TL;DR

GIFT Nifty down over 150 points amid AI chip sell-off

GIFT Nifty dropped over 150 points, reflecting weak global cues as a sharp sell-off in AI and semiconductor stocks across Asia dampened investor sentiment.

26 Jun 2026
TL;DR

Italy probes Microsoft over automatic AI add-ons and price rise

Italy's antitrust watchdog is investigating Microsoft for alleged unfair practices tied to a "Microsoft 365" subscription price increase.

26 Jun 2026
TL;DR

Alembic Pharmaceuticals wins FDA approval for generic Tamiflu oral suspension

Alembic Pharmaceuticals has received final USFDA approval for its Oseltamivir Phosphate oral suspension, a generic version of Tamiflu, used to treat and prevent influenza.

26 Jun 2026
TL;DR

OpenAI may push IPO to 2027 for $1 trillion valuation

OpenAI is reportedly considering postponing its IPO to 2027, emphasizing a $1 trillion valuation amid tech stock volatility and investor caution, according to recent reports.

26 Jun 2026
TL;DR

Goldman Sachs predicts 15 million US jobs could change

A Goldman Sachs report suggests AI will reshape labor markets, causing temporary job displacement but also creating new opportunities, with uneven impacts across occupations.

26 Jun 2026
TL;DR

Lupin gets US FDA tentative approval for prostate cancer drug

Mumbai-based Lupin Ltd has secured tentative US FDA approval for Enzalutamide Tablets in multiple strengths, offering alternative dosing options to the reference drug Xtandi.

26 Jun 2026
TL;DR

Delhi High Court tells Meesho to remove Jockey lookalike listings

The Delhi High Court has ordered Meesho to remove listings of products allegedly infringing Jockey's trademark, citing deceptive similarities and potential consumer confusion.

26 Jun 2026
TL;DR

Chainguard $3.5B startup to expand India hiring amid AI threats

Chainguard, a $3.5 billion cybersecurity startup, is scaling its India presence to leverage the country's engineering talent and growing AI adoption.

26 Jun 2026
TL;DR

NVIDIA CEO Jensen Huang: national security over China chip exports

After months of urging the US to ease AI chip export restrictions to China, Nvidia CEO Jensen Huang assured shareholders that national security takes precedence over profits.

26 Jun 2026
JP Morgan

JPMorgan promotes two veterans in race to succeed Jamie Dimon

JPMorgan Chase has announced a major management overhaul, promoting two of its long-serving executives, Troy Rohrbaugh and Doug Petno, as co-presidents.

26 Jun 2026
TL;DR

Amazon CEO Jassy announces $48 billion India investment by 2030

Amazon CEO Andy Jassy highlights rapid growth in India's quick commerce sector and emphasizes AI's transformative potential, with $48 billion pledged for investments by 2030.

26 Jun 2026
TL;DR

India and UK agree CETA and DCC after London meeting

India and the UK will enhance innovation, investment, and trade as the CETA and DCC agreements take effect in July 2026.

26 Jun 2026
Anthropic

SoftBank shares slide 13% amid reports of OpenAI IPO delay

SoftBank Group Corp's shares fell by as much as 13% on Friday.

26 Jun 2026
TL;DR

KOSPI plunges 8.2% as foreign investors pull out $1.7 billion

South Korea's Kospi plunged 8.2%, triggering a trading halt, as Samsung and SK Hynix shares dropped over 9%, driven by global AI sentiment shifts and foreign investor sell-offs.

26 Jun 2026
Startups

Om Malik, a legendary tech journalist, passes away at 59

Om Malik, the founder of technology-focused analyst firm and media company Gigaom, has died at the age of 59. He breathed his last on June 24 at Stanford Hospital.

26 Jun 2026
TL;DR

FTSE Russell index reconstitution to trigger $150B 1st biannual update

The FTSE Russell index reconstitution, now biannual, is set to drive $150 billion in trading Friday, with SpaceX joining the Russell 1000 and tech sector shifts dominating.

26 Jun 2026
TL;DR

India launches 5-year plan easing quality rules for 10 sectors

India has introduced a five-year transition framework easing Quality Control Order compliance for sectors like toys and air conditioners, addressing import reliance on China.

26 Jun 2026
TL;DR

India's green economy $110B in 2025 outpaces Asia and world

India generated $110 billion in green revenues in 2025, achieving a 20% CAGR over five years and emerging as one of Asia's fastest-growing green economies, per LSEG's report.

26 Jun 2026
TL;DR

Amazon CEO Andy Jassy says AI demand exceeds current supply

Amazon CEO Andy Jassy revealed that demand for AWS's AI services exceeds supply, with heavy investments in infrastructure expected to normalize free cash flow over time.

26 Jun 2026
TL;DR

SoftBank shares tumble 13% after reports OpenAI may delay IPO

SoftBank shares plunged up to 13% in Tokyo after reports suggested OpenAI might postpone its IPO, dampening investor expectations of a swift financial windfall.

26 Jun 2026
TL;DR

Oil falls to about $75 as Hormuz tanker traffic recovers

Crude oil prices hover near $75 as tanker traffic through the Strait of Hormuz resumes, easing supply disruption fears after months of geopolitical tensions and market volatility.

26 Jun 2026
TL;DR

US markets wobble as Nasdaq slips and Dow ends flat

The Dow Jones fell 700 points from its intraday high as Apple’s 6% plunge erased $265 billion in market value, dragging the Magnificent Seven tech stocks into losses.

26 Jun 2026
TL;DR

Amazon $48B India investment by 2030, total near $90B

Amazon CEO Andy Jassy revealed plans to explore acquisitions and deepen partnerships with the Indian government to expand AI capabilities and tech-driven initiatives.

26 Jun 2026
TL;DR

Vedanta Resources raises $943 million to repurchase $2.1B bonds due 2030-33

Vedanta Resources has received $943 million in bond tenders, representing 45% of its $2.1 billion outstanding bonds, reflecting investor confidence and attractive yields.

26 Jun 2026
TL;DR

Accenture's new Edge targets midsize firms in $240B market

IT giants are targeting mid-market enterprises as AI disruptions drive scalable opportunities, reshaping pricing models and intensifying competition with mid-tier IT firms.

26 Jun 2026
TL;DR

Harvey AI opened India office with tailored legal models

San Francisco-based Harvey AI, valued at $11 billion, has established full-scale operations in India to meet growing demand from top law firms for its agentic legal AI platform.

26 Jun 2026
TL;DR

Accel India's Subrata Mitra says AI competition: companies not countries

India's deeptech startups are gaining momentum, with Accel's Subrata Mitra emphasizing unique problem-solving as key to competing against US and China in AI innovation.

26 Jun 2026
TL;DR

RBI releases draft AI rules for banks and financial companies

The Reserve Bank of India has introduced a draft framework mandating stricter governance, human oversight, and risk controls for financial institutions deploying AI/ML models.

26 Jun 2026
TL;DR

Foreign investors pour record ₹39,640cr into Indian government bonds

Foreign portfolio investors have invested a record ₹39,640 crore in Indian government bonds this June, driven by tax exemptions and expanded access to sovereign debt instruments.

26 Jun 2026
TL;DR

Samsung plans $647.5 billion for South Korea semiconductors and AI

Samsung Group reportedly aims to invest 1,000 trillion won ($647.5 billion) in South Korea over the next decade, focusing on semiconductors and AI.

26 Jun 2026
TL;DR

Pankaj Agarwal jailed until July 4 over alleged ₹504cr misuse

CBI alleges IAS officer Pankaj Agarwal deleted crucial digital evidence linked to the ₹504-crore Haryana government fund misappropriation during his tenure.

26 Jun 2026
TL;DR

Air India drops free overseas crew laundry to cut costs

Air India will stop providing complimentary laundry services for pilots and cabin crew during international layovers starting July 1 to reduce operating expenses.

26 Jun 2026
TL;DR

Crown Estate hits £1.2 billion profit driven by offshore wind

The Crown Estate reported £1.2bn in profits, driven by offshore windfarm leases, with two-thirds of earnings stemming from the booming renewable energy sector.

26 Jun 2026
TL;DR

India crosses 12cr active credit cards milestone in May 2026

India's active credit cards surpassed 120 million in May 2026, with net additions rising 34% year-on-year, while monthly spending per card improved marginally to ₹16,778.

26 Jun 2026
TL;DR

RBI tells banks to use CCIL, end ₹1.50-₹2 dollar markups

The Reserve Bank of India is urging banks to provide retail customers and small businesses with forex rates closer to inter-bank levels, ensuring transparency and fairness.

26 Jun 2026
TL;DR

Eighth Central Pay Commission likely to retain 2.57 fitment factor

The Eighth Central Pay Commission is likely to retain a fitment factor near 2.57, balancing fiscal pressures as employee unions push for higher revisions in pay and pensions.

25 Jun 2026
Iran

Government lifts all curbs on commercial LPG supply

The Ministry of Petroleum and Natural Gas has announced the removal of all sectoral restrictions on the supply of non-domestic packed LPG and restored supplies to the levels prevailing prior to the West Asia crisis.

25 Jun 2026
United States of America

EU approves tariff measures to implement trade deal with US

The European Union (EU) has approved two regulations to implement tariff commitments under the EU-US Joint Statement of August 21, 2025.

25 Jun 2026
Walt Disney

Disney pays $50M to settle claims it inflated streaming costs

The Walt Disney Company has agreed to a $50 million settlement with subscribers of YouTube TV and DirecTV's live TV streaming services.

25 Jun 2026
Apple

Ferrari's marketing chief leaves amid Luce controversy

Ferrari's Chief Marketing and Commercial Officer Enrico Galliera has decided to leave the company after 16 years of service.

25 Jun 2026
Elon Musk

This Indian-origin CEO is the world's second-highest-paid executive after Musk

Shankh Mitra, an Indian-origin executive, has been named the world's second-highest-paid CEO by the Wall Street Journal.

25 Jun 2026
Vedanta

Why metal stocks are falling despite broader market rally

Metal stocks continued their downward trend for the third consecutive session, with a nearly 5% decline overall today.

LIC CFO Sunil Agrawal resigns, cites 'better prospects'

Sunil Agrawal, the Chief Financial Officer (CFO) of Life Insurance Corporation of India (LIC), has resigned from his position. The development was announced in a regulatory filing.

25 Jun 2026
Amazon

Amazon CEO meets Modi, announces additional $13B India investment

Amazon CEO Andy Jassy has announced a massive $13 billion investment in India. The announcement was made during his meeting with Prime Minister Narendra Modi on Thursday.

25 Jun 2026
Gautam Adani

Adani launches 'Vande Bharatam' to scout innovators across India

Gautam Adani, the Chairman of the Adani Group, has launched 'Vande Bharatam,' a national initiative aimed at discovering and nurturing innovators and entrepreneurs from all parts of India.

25 Jun 2026
Inflation

India could grow over 7% this year: RBI MPC member

Nagesh Kumar, an external member of the Reserve Bank of India (RBI)'s monetary policy committee, has hinted that India could grow by over 7% this year.

EPFO services to remain unavailable from June 26-28: Here's why

The Employees' Provident Fund Organisation (EPFO) has announced a temporary suspension of services on its member portal from June 26 to June 28.

Rajesh Exports hits lower circuit amid ED probe

Shares of Rajesh Exports, a leading gold refining and jewelry manufacturer, hit the 5% lower circuit on Thursday.

25 Jun 2026
China

Defense firm Anduril in talks to buy Nissan's Japanese plant

US-based defense contractor Anduril Industries is in talks to acquire Nissan Motor's Oppama assembly plant, located near Tokyo, according to Reuters.

25 Jun 2026
Microsoft

Publishers sue Microsoft, OpenAI over alleged content scraping

OpenAI and Microsoft have been slapped with a lawsuit by a group of publishers that own nearly 400 newspapers.

25 Jun 2026
Inflation

Sensex jumps over 750 points: What's driving the market rally?

India's benchmark equity indices, the Sensex and Nifty, have witnessed a surge today.

25 Jun 2026
Anthropic

Anthropic's negotiations with Trump administration improve after CEO exits talks

Anthropic, a leading artificial intelligence (AI) company, is making headway in its negotiations with the Trump administration.

25 Jun 2026
Bitcoin

Bitcoin falls below $60,000, hits lowest since October 2024

Bitcoin has fallen below the key $60,000 mark on Wednesday, hitting a low of around $59,000. This is its lowest price since October 2024.

25 Jun 2026
Federal Reserve

Gold prices hit 7-month low: What's behind the decline?

Gold prices have hit a more than seven-month low, weighed down by a stronger US dollar.

25 Jun 2026
Meta

Qualcomm unveils AI chip, signs Meta as first customer

Qualcomm's stock price skyrocketed by 15% in after-hours trading on Wednesday.

25 Jun 2026
Donald Trump

Lockheed Martin wins $35B Pentagon deal to boost THAAD production

Lockheed Martin has been awarded a contract worth up to $35 billion by the Pentagon.

25 Jun 2026
Donald Trump

Oil drops below $70 for first time since US-Iran war

Crude oil prices have fallen below $70 per barrel for the first time since the start of the Iran-US war in late February 2026.

24 Jun 2026
Swiggy

Swiggy Instamart's COO and CBO have left the company

Swiggy's quick commerce division, Instamart, is witnessing a major leadership overhaul with the resignations of its Chief Operating Officer (COO) Ankit Jain and Chief Business Officer (CBO) Hari Kumar, as per Moneycontrol.

PFRDA launches 'Pension Sahayak' portal for NPS subscribers

The Pension Fund Regulatory and Development Authority (PFRDA) has launched an artificial intelligence (AI)-powered portal, 'Pension Sahayak.'

24 Jun 2026
Donald Trump

Trade deal with India 'very, very close,' says US official

The United States and India are "very, very close" to finalizing a landmark bilateral trade deal.

24 Jun 2026
India

Noel Tata is stepping down as Trent chairman

Noel Tata has announced his decision to retire as the chairman of Trent Ltd bringing an end to his nearly three-decade-long association with the company.

24 Jun 2026
Amazon

Amazon Now to expand to 300 Indian cities

Amazon has announced plans to expand its ultra-fast delivery service, Amazon Now, to over 300 cities in India.

24 Jun 2026
Ahmedabad

How one conversation led Kunal Shah to become WhatsApp's head

Meta Platforms Inc. has appointed Kunal Shah, the founder of fintech start-up CRED and one of India's most prominent angel investors, as the new global head of WhatsApp.

24 Jun 2026
South Korea

Korean chip giant SK Hynix is about to raise $29B

South Korea's chip giant, SK Hynix, is all set to raise a whopping $29.43 billion through American Depositary Receipts (ADRs) on the Nasdaq exchange.

BSNL is now looking for a chairman: How to apply

The Department of Telecommunications (DoT) has invited applications for the Chairman and Managing Director (CMD) position at state-owned Bharat Sanchar Nigam Ltd (BSNL).

24 Jun 2026
Nifty

Indian IT sector's Nifty share at record-low: What's the reason?

India's information technology (IT) sector is witnessing a major decline in its dominance on the country's stock market.

24 Jun 2026
Adani Group

Adani to demerge its incubating businesses from FY28 onward

The Adani Group has announced plans to demerge its incubating businesses from FY28 onward.

24 Jun 2026
Hyundai Motor Company

TVS-Hyundai bet on AC electric autos with new ride-hailing service

TVS Motor Company and Hyundai Motor Company have expanded their partnership from vehicle development to mobility services.

24 Jun 2026
Andhra Pradesh

Swarnagiri, India's first private gold mine, begins operations

Andhra Pradesh has inaugurated India's first private gold mining project, Swarnagiri (formerly Jonnagiri), in Kurnool district.

24 Jun 2026
Nifty

Sensex gains over 800 points: What's driving today's rally?

The Indian stock market witnessed a major surge today, with the Sensex rising by over 830 points to 77,030 and the Nifty gaining 219 points to 24,042.

24 Jun 2026
Elon Musk

SpaceX launches $25B debt sale for AI expansion

Elon Musk's SpaceX has launched a five-tranche notes offering to raise at least $25 billion. The move comes as the company looks for funds to support its capital-intensive artificial intelligence (AI) expansion.