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BRICS delegates tour GIFT City to study cross border finance
A BRICS delegation explored GIFT City’s evolving IFSC ecosystem, highlighting its role in cross-border finance and fintech as India prepares to chair BRICS in 2026.
RBI fines IIFL Finance ₹3.1L Appnit Technologies ₹5.8L for breaches
The Reserve Bank of India has imposed a Rs 3.1 lakh penalty on IIFL Finance for failing to return surplus funds from gold auctions to borrowers, citing regulatory non-compliance.
SEBI clears about ₹1200cr IPOs from 3 firms this May
SEBI has approved IPOs for Neolite ZKW Lightings, SS Retail, and Aspri Spirits, collectively aiming to raise ₹1,200 crore through fresh issues and offers for sale.
Ashwini Vaishnaw, Bhupender Yadav kick off Sahasra Semiconductor in Rajasthan
Union Minister Ashwini Vaishnaw inaugurated the Sahasra Semiconductor facility, marking Rajasthan's entry into India's growing electronics manufacturing sector.
Harvard grads launch $35 million Meridian Ventures fund for MBA-deferred founders
Meridian Ventures, founded by Devon Gethers and Karlton Haney, has raised a $35 million fund to support pre-seed and seed-stage startups led by MBA-deferred entrepreneurs.
India's forex reserves rise $6.3 billion to nearly $697 billion
India's forex reserves rose by $6.295 billion to reach $696.988 billion for the week ending May 8, driven by gains in gold reserves and foreign currency assets.
Vertex Ventures Southeast Asia and India pivots to hardware, deeptech
Vertex Ventures Southeast Asia and India is shifting focus to semiconductors, robotics, and battery technology, driven by geopolitical trends and rising demand for sovereign tech.
Hindustan Zinc unveils ₹2,000 cr AI plan for mining, manufacturing
Hindustan Zinc targets ₹2,000 crore value creation through AI-driven productivity, cost optimisation, and operational efficiency across its mines and smelters by 2026.
India and US close to refreshed trade deal: Piyush Goyal
India and the US are revisiting a previously finalized trade agreement, with Commerce Minister Piyush Goyal confirming ongoing negotiations to secure preferential market access.
Samsung workers plan May 21-June 7 strike over AI profits
A potential Samsung workers' strike threatens global semiconductor supply, risking delays in tech production and price hikes, while shaking South Korea's economy and markets.
India hikes fuel prices over 3% and limits gold imports
India implements emergency measures, including fuel price hikes, gold import restrictions, and sugar export bans, to counter economic pressures from the Iran war.
India's April exports grow 14% to $43.6bn, deficit $7.8bn
India’s merchandise exports rose 14% in April 2026 to $43.6 billion, driven by higher prices and market diversification, despite trade challenges from the ongoing West Asia crisis.
Pearl Global posts record FY26 revenue ₹5,025cr net profit ₹270cr
Pearl Global Industries achieved ₹5,025 crore in revenue for FY26, marking an 11.5% growth, while net profit surged 17% to ₹270 crore amidst operational challenges.
Meta, Coinbase, Amazon and Block use AI to cut managers
Tech companies are slashing middle management roles, driven by AI adoption, reshaping workforce dynamics and intensifying challenges for employees across Silicon Valley.
India raises gold import duty to 15% as imports slump
India's gold imports have sharply declined as increased duties and stricter trade rules strain supply, while subdued demand and investment alternatives reshape the bullion market.
India raises gasoline and diesel prices by ₹3 per liter
India faces its first fuel price hike in four years, as the Persian Gulf conflict drives crude oil above $100 a barrel, straining refiners and households alike.
Hindustan Copper posts 137% Q4 profit rise to ₹444.3cr
Hindustan Copper's Q4FY26 net profit soared 137% YoY to ₹444.3 crore, driven by a 58% revenue jump and significant operating margin expansion to 54.3%.
India and UK seek fix for steel limits in CETA
India and the UK are collaborating to address new British steel safeguard measures, which have become a hurdle in operationalising their recently signed trade pact.
India UK trade deal paused after UK cuts steel quotas
The India-U.K. trade deal, set for May 2026 implementation, faces delays as new U.K. steel import regulations, announced post-negotiations, spark last-minute challenges.
Innovaccer lays off 340 employees as it shifts to AI-native
Innovaccer has laid off 340 employees globally as part of its transition to an AI-native organisation, citing automation-driven efficiency and a focus on lean operations.
Samsung appoints Hiren Rathod as India national sales head
Samsung India has restructured its smartphone leadership, aligning online and offline sales under one head, as it aims to counter Chinese rivals and strengthen its market position.
NPCI sets UPI cap in Europe at ₹2L per transaction
The NPCI has increased the per-transaction and daily limit for UPI Global Acceptance in Europe to ₹2 lakh, allowing greater flexibility for peer-to-merchant transactions abroad.
Nasdaq and S&P futures slide over 1% as yields climb
Nasdaq and S&P 500 futures fell over 1% as surging Treasury yields and rising inflation fears, fueled by the Middle East conflict, threatened to stall the AI-driven stock rally.
South Korea's Kospi tops 8,000 then plunges over 6%
South Korea's Kospi index nosedived over 6% after briefly surpassing 8,000, as tech stocks tumbled and foreign investors offloaded shares amid Samsung's labor strike concerns.
India unemployment 5.2% in April 2026, rural rises, urban 6.6%
India's unemployment rate climbed to 5.2% in April 2026, driven by rural job losses, while urban areas saw improved employment conditions, particularly among women.
Indian rupee hits record 96 per US dollar on oil
The Indian rupee weakened to a historic low of 96.1350 per US dollar as surging oil prices, nearing $110 per barrel, intensified economic pressures on the energy-dependent nation.
India launches $1.5 billion Bharat Maritime Insurance Pool BMIP
India's $1.5 billion Bharat Maritime Insurance Pool (BMIP), backed by a $1.4 billion sovereign guarantee, aims to insure Indian-linked ships amid global trade disruptions.
FSSAI issues notice to Blinkit after social media egg complaints
FSSAI has issued a notice to Blinkit over complaints of substandard eggs, demanding an action report within seven days to ensure compliance with food safety regulations.
Bill Ackman's Pershing Square buys Microsoft shares, cites compelling valuation
Bill Ackman's Pershing Square has invested in Microsoft, citing its "highly compelling valuation" and strong growth potential in cloud computing and AI-driven productivity tools.
Rajesh Agrawal: US trade delegation to visit India next month
A US delegation is expected to visit India next month for trade negotiations, as confirmed by Commerce Secretary Rajesh Agrawal, though exact dates remain unfinalised.
mAadhaar to retire soon: How to switch to new app
The Unique Identification Authority of India (UIDAI) has announced the impending retirement of its mAadhaar app.
Rapido raises $240M at $3B valuation
Rapido, a leading ride-hailing platform in India, has raised $240 million in a funding round led by Prosus. The investment values the company at $3 billion on a post-money basis.
JioStar files plea against Zee Entertainment over 'Deewaar' 'Dangal'
JioStar has filed a legal case against Zee Entertainment, accusing it of unauthorised broadcasts of Bollywood films, escalating tensions between the media giants.
Rupee hits record-low against dollar, crosses 96 for first time
The Indian rupee has hit a record low against the US dollar, crossing the 96 mark for the first time.
Indian stock markets slip, Sensex down 161, Nifty off 46
The Sensex dropped 161 points to 75,237.99, while the Nifty 50 fell 46 points to 23,643.50, erasing over ₹2 lakh crore in investor wealth due to weak global cues.
Solar Industries posts 61% Q4 profit rise to ₹556cr
Solar Industries India reported a 60.6% surge in consolidated net profit to Rs 556.03 crore in Q4FY26, driven by strong international and defence business performance.
ITR filing for AY 2026-27 begins: How to file returns
The Income Tax Department has officially started the process of filing Income Tax Returns (ITRs) for the Assessment Year 2026-27.
SEBI mulls letting FPIs trade bullion derivatives without physical delivery
Sebi is in early discussions to permit foreign portfolio investors (FPIs) to trade bullion derivatives without physical settlement, aiming to deepen India's commodity market.
Jon Gray says AI fuels data center trades hiring
As AI eliminates lakhs of white-collar jobs, Blackstone COO Jon Gray highlights a surge in blue-collar roles, with QTS alone hiring 30,000 workers for data center projects.
Sensex drops 600 points from day's high
The Indian stock market witnessed a decline on Friday, with the benchmark indices Sensex and Nifty erasing their early gains.
Ankur Warikoo closes his ₹100cr courses business
Popular entrepreneur and content creator Ankur Warikoo has announced the closure of his highly successful courses business.
Tencent invests ₹10cr to reenter India's gaming and creative industries
Tencent has resumed operations in India, citing improved regulatory clarity and trade relations, with plans to invest Rs 10 crore to boost the country’s gaming ecosystem.
Honda posts its first-ever annual loss as EV bets falter
Japanese car giant Honda has reported its first annual loss in nearly 70 years. The company's massive investments in the electric vehicle (EV) market have not paid off as expected.
Economic Times, Cashfree launch 1 of a kind startup awards
The Category Creator segment celebrates early-stage digital startups in India redefining industries by building entirely new markets through innovation.
JioFinance rolls out AI app for spending investing and borrowing
JioFinance's new app leverages AI to unify spending, investing, and borrowing while rewarding users with JioPoints redeemable at popular brands for everyday financial actions.
India's trade deficit widens to $28.38 billion in April 2026
India's trade deficit surged to $28.38 billion in April, driven by a 14% drop in merchandise exports and persistently high imports, surpassing market expectations of $26.5 billion.
Judge seeks details on Anthropic's proposed $1.5B settlement with authors
A federal judge has sought more information regarding artificial intelligence (AI) firm Anthropic's proposed $1.5 billion settlement with authors.
Ola Electric announces ₹2000cr for EV and battery cell manufacturing
Ola Electric Mobility's board has approved a Rs 2,000 crore investment to boost its EV and battery cell manufacturing arms, strengthening its ecosystem and scaling operations.
Trump Mobile T1 smartphone ships after 9 month delay
Trump Mobile has started delivering its T1 smartphones, nine months after the original August 2025 launch date, amid scrutiny over manufacturing claims and preorder delays.
Tata Communications-backed STT Global Data Centres plans $500 million Mumbai IPO
STT Global Data Centres India Pvt. is reportedly preparing for a $500 million initial public offering in Mumbai, targeting a valuation of $5 billion to $5.5 billion.
Delhi HC delays CCI ruling on Apple amid $38bn risk
The Delhi High Court has directed the CCI to delay its final order in Apple's anti-competitive practices probe until 15 July, while mandating the company’s cooperation.
Pragya Misra tells startups at India Innovation Day to plan
Indian startups should prioritize solving future AI-driven problems over immediate needs, says OpenAI’s Pragya Misra, emphasizing India’s role as a global testing ground.
Income Tax Department releases ITR-1 and ITR-4 on e-filing portal
The Income Tax Department has launched ITR-1 and ITR-4 forms for AY 2026-27, along with Excel utilities, simplifying the tax filing process for taxpayers.
Trump says he struck 'fantastic trade deals' with China
US President Donald Trump has claimed to have struck "fantastic trade deals" with Chinese President Xi Jinping.
London-based Lightrock launches Accelerate7 $500 million fund for clean energy access
Lightrock has unveiled Accelerate7, a $500 million fund targeting growth-stage companies in energy access, clean cooking, EVs, and storage across emerging markets.
Vodafone Idea plans 10000cr equity May 16 to boost networks
Vodafone Idea needs a significant equity infusion to fund its ₹45,000 crore capex plan and improve network quality, says Gaurav Malhotra of Axis Capital.
Sridhar Vembu backs Arnav Gupta: AI costs drive tech layoffs
Zoho’s Sridhar Vembu supports Meta engineer Arnav Gupta’s claim that rising AI infrastructure costs, not productivity gains, are fueling global tech layoffs amid rapid AI adoption.
Indian rupee slips to 95.95 per dollar, near record low
The Indian rupee fell 31 paise to 95.95 against the US dollar, driven by surging crude oil prices, a stronger dollar, and geopolitical tensions in West Asia.
Over 50 employees left Musk's SpaceXAI since merger
Elon Musk's newly rebranded venture, SpaceXAI, is witnessing an exodus of top talent.
IndiGo partners with Single.id to reward BluChip members' everyday spending
IndiGo partners with Single.id to enhance its BluChip programme, enabling members to earn loyalty points on everyday spending across dining, retail, and other categories.
Why Flipkart is delaying its IPO
Walmart has asked its e-commerce subsidiary, Flipkart, to delay its initial public offering (IPO) and focus on achieving profitability, as per Moneycontrol.
Rapido raises $240 million led by Prosus, values company at $3B
Rapido has raised $240 million in primary funding led by Prosus, valuing the ride-hailing platform at $3 billion post-money, as part of a larger $730 million financing effort.
Gasoline and diesel prices rise ₹3 per liter across India
Public sector oil marketing companies raised petrol and diesel prices by Rs 3 per litre, marking the first hike in over four years amid surging global crude oil costs.
SEC seeks $18 million penalty against Gautam Adani and nephew Sagar
The US SEC has proposed an $18 million civil penalty against Gautam Adani and Sagar Adani for alleged bribery and misleading statements tied to a 2021 bond offering.
India needs ₹80L/cr urban investment by 2037 as cities grow
India will need ₹80 lakh crore for urban infrastructure by 2037, as urban areas are projected to contribute 70% of GDP by 2036, per a Brickwork Ratings report.
Anthropic set to raise $30B at $900B valuation
Anthropic, a leading artificial intelligence (AI) company, is on the verge of closing a massive $30 billion funding round.
Samsung workers push ahead with 18-day strike
Samsung Electronics' labor union has stuck to its plan of a strike, even after the company offered unconditional pay talks.
Indian crypto platforms Giottus and WazirX launch global futures trading
Indian cryptocurrency exchanges are diversifying into derivatives, offering perpetual contracts tied to global equities, commodities, and crypto assets to attract retail traders.
IndusInd Bank allows select employees 2 days remote work weekly
IndusInd Bank is rolling out a hybrid work model, offering select employees two days of work-from-home weekly, following a successful pilot and positive feedback.
Apple to make 28% of iPhones in India by 2026
India’s share in global iPhone manufacturing is set to rise to 28% in 2026, driven by Apple’s diversification efforts and expanding local production capabilities.
Musk-OpenAI trial nears end: Key takeaways and what's next
As the trial over alleged wrongdoing by OpenAI and its leaders comes to a close, Elon Musk's attorney has accused OpenAI CEO Sam Altman of deception.
Indermit Gill to step down as World Bank chief economist
Indermit Gill, World Bank's chief economist since September 2022, will retire at the end of August, according to a memo from the bank's president, Ajay Banga.
Why OMC stocks are falling despite fuel price hike
Shares of state-run oil marketing companies (OMCs) such as Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL), and Indian Oil Corporation (IOCL) have witnessed a decline of up to 3% today.
Anthropic poised for $30B funding round valuing company around $900B
Anthropic is nearing a $30 billion funding round, valuing the AI company at $900 billion, potentially surpassing OpenAI, according to a Financial Times report.
Metro fuel surge, West Bengal operators warn 3% freight rise
Transport operators in West Bengal estimate a 3 per cent rise in freight costs due to the recent fuel price hike, with Kolkata witnessing the steepest increase among metros.
Gautam Adani settles US fraud case with $18M payout
Gautam Adani and his nephew, Sagar Adani, have agreed to pay a total of $18 million to settle US Securities and Exchange Commission (SEC) charges.
Sai Life Sciences plunges 14% despite solid March quarter results
Shares of Sai Life Sciences plunged 14% on May 15, marking their steepest single-day drop since listing, despite reporting an 18.1% rise in Q4 net profit.
Foxconn ramps 2026 spending over 30% for AI and automation
Foxconn plans a 30% capital expenditure increase in 2026, driven by surging demand for AI servers and cloud-based infrastructure, according to CEO Michael Chiang.
RBI cancels registrations of 150 NBFCs
The Reserve Bank of India (RBI) has canceled the Certificates of Registration (CoR) of 150 non-banking financial companies (NBFCs).
Sensex opens at 75,334.50 amid ₹3 petrol and diesel hike
Indian equity markets opened in the red on Friday as a nationwide ₹3/litre fuel price hike and rising global crude oil rates weighed on investor sentiment.
AI chipmaker Cerebras soars 68% in NASDAQ debut
Cerebras Systems, a leading player in the artificial intelligence (AI) chip market, made a stellar debut on the NASDAQ.
Silver crashes nearly ₹12,000/kg
Gold and silver prices opened sharply lower on the Multi Commodity Exchange (MCX) today. The decline comes amid rising energy prices fueling inflation concerns and expectations of prolonged high interest rates.
Samsung workers in South Korea start 18-day strike May 21
Samsung's South Korean labor union remains resolute on an 18-day strike starting May 21, despite the company's unconditional pay talks offer, causing shares to drop by 5.9%.
Indian markets open higher as Sensex gains 216 points
Sensex rose 216 points and Nifty climbed above 23,750 as IT stocks rebounded by 2.5%, while Tata Motors surged over 8% on strong volume guidance despite profit decline.
Alphabet sells record 576.5 billion yen bonds in Japanese debut
Alphabet issued $3.6 billion in yen-denominated bonds, marking its first such offering and the largest-ever by a foreign company, surpassing Berkshire Hathaway's 2019 record.
OpenAI weighs legal action against Apple
OpenAI is considering legal action against Apple over a strained partnership, Bloomberg reported.
Indian rupee slips to 95.87 amid oil, US Treasury yields
The Indian rupee fell 0.1% to 95.87 against the dollar on May 15, pressured by surging crude oil prices and broad weakness in Asian currencies.
Indian rupee opens softer at 95.87 against US dollar
The Indian rupee opened 11 paise lower at 95.87 against the US dollar, reflecting ongoing pressures from global economic trends and domestic market fluctuations.
Income Tax Dept launches 'Kar Saathi' explaining Act 2025
India replaced its 65-year-old tax law with the Income Tax Act, 2025, introducing an AI-based chatbot, Kar Saathi, to assist taxpayers in navigating the revamped framework.
SEBI proposes exchange-traded derivatives overhaul, scrapping CTM for commodity options
SEBI has unveiled a consultation paper proposing streamlined regulations for exchange-traded derivatives, including removing the "close-to-the-money" concept in commodity options.
Bengaluru wealthtech Scripbox to raise up to ₹170cr for IPO
Bengaluru-based wealthtech startup Scripbox is set to raise Rs 170 crore through equity and debt, aiming to acquire a Delhi-based IFA and accelerate its IPO preparations.
India's gems and jewelry exports fall 9% to $2.45 billion
India’s gems and jewellery exports fell 9.07% year-on-year in April 2026, driven by weak global demand, volatile precious metal prices, and cautious buyer sentiment.
Judge Araceli Martinez-Olguin pauses Anthropic $1.5B Claude settlement over fees
A federal judge delayed final approval of Anthropic's $1.5 billion settlement with authors, seeking more details on payouts and attorney fees in the largest US copyright case.
Adani Power 4.3L/cr overtakes NTPC as India's most valuable producer
Adani Power, with a market cap of Rs 4.3 lakh crore, has become India's most valued power producer, surpassing NTPC's Rs 3.8 lakh crore valuation.
Amazon now offers ₹100 Amazon Pay points on ₹200 orders
Amazon Now is offering an unprecedented 50% cashback on Rs 200 grocery orders, aiming to challenge Blinkit and Zepto in India's competitive quick commerce market.
Brent, WTI slip after Iran allowed Chinese tankers through Hormuz
Global oil prices dipped slightly as Iran confirmed 30 vessels had crossed the Strait of Hormuz, easing supply concerns despite ongoing geopolitical tensions in the region.
India's crude imports fall 17% in March amid U.S.-Israel-Iran tensions
India's crude oil imports dropped 17.1% in March 2026 due to global supply chain disruptions following the US-Israel attack on Iran, despite soaring international crude prices.
Petrol, diesel prices hiked by ₹3 per liter
In a major development, petrol and diesel prices have been hiked by ₹3 per liter each.
Brent nears $107 as IEA warns Hormuz closure threatens supplies
Oil prices climbed as the Strait of Hormuz remained closed, while efforts to resolve the Iran war faced a stalemate, keeping global energy markets under pressure.
Gautam Adani and nephew Sagar settle SEC allegations for $18 million
Gautam Adani and nephew Sagar agreed to pay $18 million to settle SEC allegations of false statements about Adani Green Energy, pending court approval.
Temasek, Alpha Wave Global eye $1.3B Adani Airport Holdings stake
Temasek and Alpha Wave Global are in talks to invest $1.3 billion in Adani Airport Holdings, valuing the company at $18 billion amid India's booming air traffic growth.
D2C brands face 5% to 6% consumer spending drop, analysts
Rising input costs and inflation are pressuring D2C brands, with consumer spending projected to drop 5-6%, forcing companies to absorb costs or consider price hikes up to 10%.
Agrani Labs seeks $100 million Series A for CUDA-compatible AI chips
Agrani Labs, founded by ex-Intel and AMD executives, seeks $100 million in Series A funding to develop AI inference chips compatible with Nvidia's CUDA software stack.
CBRE: Chennai climbs to 2nd in India jewelry leasing 2025
Chennai accounted for 27% of India’s jewellery leasing activity in 2025, driven by cultural demand and expansion by legacy and emerging brands into larger flagship stores.
Stephen Miran to resign as Kevin Warsh becomes Fed chair
Federal Reserve Governor Stephen Miran will step down to make way for Kevin Warsh, President Trump's nominee, as the next Fed chair following his Senate confirmation.
AI erases $186 billion, 45% from Indian IT market value
India's top 10 software exporters have lost 45% of their market cap since December 2024, driven by disruptive AI technology reshaping client deployment and industry dynamics.
Indian rupee slips to ₹95.96, closes ₹95.76 after RBI action
The Indian rupee approached 96/$ amid foreign fund outflows and oil-driven inflation but recovered slightly after central bank intervention, closing at 95.76/$ on Thursday.
Donald Trump bought up to $5 million each in major companies
Donald Trump purchased up to $5 million each in Nvidia, Boeing, and Microsoft during the first quarter, according to financial disclosures released Thursday.
SpaceXAI loses 50+ staff including Grok voice specialists, Juntang Zhuang
Elon Musk’s SpaceXAI has lost over 50 researchers and engineers since February, with rivals like Meta and Thinking Machine Labs absorbing key talent from the rebranded company.
Dow tops 50,000 as stocks rally on AI and earnings
The S&P 500 surpassed 7,500 and the Dow reclaimed 50,000 as AI-driven momentum and strong corporate earnings fueled a record-breaking rally across major US indices.
India WPI inflation at 8.3% in April hits 42-month high
India's wholesale prices surged 8.3% year-on-year in April, driven by soaring energy costs amid the West Asia war, marking the steepest rise in 42 months.
India IT faces talent surplus amid 32% candidate surge
India's IT sector sees a 32% surge in jobseekers within four months, driven by global shifts and AI adoption, creating fierce competition for roles.
Indian firms shift logistics to EVs, rail under government push
Top Indian companies are accelerating fleet electrification, with PepsiCo, Maruti Suzuki, Hindustan Unilever, and Dabur India leading efforts to adopt EVs and rail transport.
Indian firms' March foreign borrowings plunge 51% to $5.43bn
Foreign currency borrowings by Indian corporates plunged 51% in March 2026, driven by high global interest rates, rupee weakness, and rising hedging costs deterring overseas loans.
Elon Musk and OpenAI on trial over nonprofit abandonment claims
The high-profile trial between Elon Musk and OpenAI concluded Thursday, leaving reputations tarnished and no clear winners as both sides faced intense scrutiny.
India explores tech hub NABARD may lead for RRBs' cybersecurity
The Indian government aims to bolster Regional Rural Banks with a centralized tech hub, addressing digital service expansion and cybersecurity amid rising AI-driven threats.
Sunil Mittal eyes majority control in Airtel again
Sunil Bharti Mittal, the reappointed chairman of the board of Bharti Airtel for five years until September 30, 2031, has revealed his long-term vision for the company.
EPFO deadline alert: File ECR, pay dues by May 15
The Employees' Provident Fund Organisation (EPFO) has urged employers to submit the Electronic Challan-cum-Return (ECR) for April 2026 and deposit their Employees' Provident Fund (EPF) and Employees' Pension Scheme (EPS) contributions by May 15, 2026.
Sona BLW dispute: SC grants interim relief to Rani Kapur
The Supreme Court has granted interim relief to Rani Kapur in the ongoing dispute involving the promoter family of Sona BLW Precision Forgings Limited.
Centre plans tax cuts for foreign bond investors
The Indian government is considering a major tax cut on the country's bonds for foreign investors.
Amazon announces fresh layoffs amid ongoing restructuring
Amazon has announced another round of layoffs, this time in its Selling Partner Services division.
Airline tickets in Europe likely to become costlier: Here's why
The ongoing conflict in Iran has disrupted fuel supplies and driven up jet fuel prices, prompting warnings of higher airfares across Europe.
Indian IT stocks fall for 4th day
Indian IT stocks have witnessed a decline for the fourth consecutive session, owing to fears of AI-led disruption after OpenAI's latest announcement.
How Sam Altman became billionaire without OpenAI shares
Sam Altman, the CEO of OpenAI, has become a multi-billionaire despite not holding any equity in the company he leads.
Shutterstock to pay $35M in FTC settlement over subscription practices
Shutterstock has agreed to pay $35 million to settle allegations brought by the Federal Trade Commission (FTC) over deceptive subscription and billing practices.
HCLTech bets $150M on Sarvam AI
HCLTech is set to lead a $300 million (approximately ₹2,850 crore) funding round in Sarvam AI, an Indian company specializing in foundational models.
Trump admin defends visa restrictions for social media moderators
The Trump administration is defending its controversial policy to deny entry to some social media moderation advocates.
India's wholesale inflation spikes to 42-month high
India's wholesale inflation has spiked sharply to a 42-month high of 8.3% in April, significantly outstripping March's 3.88% and the 5.5% estimate.
Indian rupee hits new all-time low of 95.85 per dollar
The Indian rupee has hit a new all-time low, falling to 95.85 against the US dollar on Thursday.
China is open for business, Xi tells US CEOs
Chinese President Xi Jinping has assured top United States CEOs of greater access to the Chinese market.
Anduril hits $61B valuation after fresh $5B funding round
US-based defense technology company Anduril Industries has raised a whopping $5 billion in its latest funding round. The investment has doubled the company's valuation to an impressive $61 billion.
Cisco to lay off 4,000 employees amid AI-led restructuring
Cisco Systems, the networking equipment maker, has announced plans to cut its workforce by nearly 4,000 employees in Q4 FY26. The decision comes as part of an AI-driven business restructuring strategy.