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Business News

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12 Jun 2026
TL;DR

BSE CEO Sundararaman Ramamurthy: tech, rules have made markets safer

BSE CEO Sundararaman Ramamurthy emphasizes trust, technology, and inclusivity while advocating for youth energy and women's stability in India's markets.

12 Jun 2026
TL;DR

Rupee gains 65 paise to 95.20 after oil prices fall

The rupee surged 65 paise to 95.20 against the US dollar, buoyed by falling crude oil prices and optimism over a potential US-Iran peace deal.

12 Jun 2026
TL;DR

Genxai Analytics shares debut 20% below IPO amid 17x bids

Genxai Analytics shares debuted at ₹92.80 on NSE SME, marking a 20% drop from the IPO price of ₹116, despite the IPO being subscribed 16.99 times overall.

12 Jun 2026
TL;DR

Flair Writing targets mid-teen growth, 18% margins, raises prices 5%

Flair Writing Industries targets mid-teen revenue growth in FY27 while maintaining 18% operating margins, despite rising raw material costs and market competition.

12 Jun 2026
TL;DR

Equal AI raises $30 million to upgrade India call screening app

Equal AI, an Indian startup, raised $30M in Series B funding to expand its AI-powered call screening app, which helps users manage calls and identify caller intent efficiently.

12 Jun 2026
TL;DR

Sensex jumps 873.88 points and Nifty rises as oil falls

The Sensex soared over 800 points as easing US-Iran tensions led to a sharp drop in crude oil prices, boosting investor confidence and improving market sentiment.

12 Jun 2026
TL;DR

Why global investors are ignoring India in favor of AI

Global AI fund inflows are surging, with technology and telecom sectors benefiting, but India's investment case weakens as it lags in driving AI advancements.

12 Jun 2026
TL;DR

Blue Origin New Glenn explodes in Cape Canaveral ground test

Jeff Bezos described the New Glenn rocket explosion during a ground test as a tough moment for Blue Origin but remains optimistic about resuming flights by late 2026.

12 Jun 2026
Donald Trump

South Korea's Kospi index surges 8% on US-Iran peace hopes

South Korea's benchmark Kospi Index has witnessed a massive surge of 8% in early trading today.

12 Jun 2026
TL;DR

Indian markets surge as West Asia peace hopes lift stocks

Indian stock markets surged with Nifty rising 272 points and Sensex over 950 points, while the rupee gained 0.5%, driven by optimism around a potential US-Iran peace accord.

12 Jun 2026
TL;DR

Gold, silver up on India MCX amid US-Iran peace hopes

Gold prices on MCX surged above ₹1.5 lakh per 10 grams, while silver rates rose over 1%, driven by optimism surrounding a potential US-Iran peace agreement.

12 Jun 2026
Federal Reserve

Gold, silver prices jump up to 4%

Gold and silver prices surged on Friday, driven by persistent inflation and ongoing global tensions.

12 Jun 2026
TL;DR

Rupee opens 39 paise higher at 95.37 against US dollar

The Indian rupee strengthened by 39 paise to 95.37 per dollar on June 12, driven by falling global crude oil prices and improved market sentiment.

12 Jun 2026
NASDAQ

SpaceX raises record $75B in world's biggest IPO

SpaceX, Elon Musk's space and AI conglomerate, has officially priced its shares at $135 each.

12 Jun 2026
TL;DR

Indian rupee opens at 95.41 after Trump remarks on Iran

The Indian rupee appreciated 44 paise to 95.41 against the US dollar, driven by falling crude prices after US President Trump hinted at an imminent peace deal with Iran.

12 Jun 2026
TL;DR

Indian rupee rises 37 paise to 95.38 per US dollar

The Indian rupee opened 37 paise higher at 95.38 per dollar after U.S. President Donald Trump hinted at a potential deal with Iran, easing crude price pressures.

12 Jun 2026
TL;DR

India aims for $30 trillion economy by 2047, Piyush Goyal

Union Minister Piyush Goyal emphasized that expanding global partnerships is crucial for India to achieve its $30 trillion economy goal by 2047.

12 Jun 2026
TL;DR

SBI Mutual Fund buys 3.8% in Vintage Coffee and Beverages

SBI Funds Management acquired a 3.8% stake in Vintage Coffee and Beverages Ltd. through block deals worth ₹86 crore, signaling interest in the coffee exporter.

12 Jun 2026
TL;DR

Microsoft CEO Satya Nadella: AI could boost wages, share wealth

Satya Nadella acknowledged growing AI backlash but emphasized its potential to boost wages and create shared prosperity during a live interview in San Francisco.

12 Jun 2026
TL;DR

Gold and silver fall on US inflation, Fed rate worries

Gold prices are heading for a 2.8% weekly drop as persistent inflation pressures and rising crude oil prices fuel expectations of further US Federal Reserve interest rate hikes.

12 Jun 2026
TL;DR

Bangladesh unveils 9.38 trillion taka budget aiming to boost GDP

Bangladesh has announced a $77 billion budget for FY27, aiming for 6.5% growth and reduced inflation despite a Moody’s downgrade and ongoing economic pressures.

12 Jun 2026
TL;DR

Rene Mayrhofer leaves Google over US DoD AI partnership

René Mayrhofer, a senior Google director, has resigned, citing the company's collaboration with the US Department of Defense and abandonment of environmental goals for AI.

12 Jun 2026
TL;DR

Gold and silver surge amid inflation and global tensions

Gold rebounded 2% to $4,204.40 per ounce, while silver surged 4.3% to $66.77, driven by inflationary pressures, interest rate expectations, and geopolitical uncertainties.

12 Jun 2026
TL;DR

NVIDIA names Bruce Andrews affairs chief amid US export curbs

Nvidia has appointed Bruce Andrews as Chief External Affairs Officer to lead its government affairs in Washington, D.C., amid growing scrutiny over its ties to China.

12 Jun 2026
TL;DR

INVasset's Anirudh Garg says AI trading slowing, India IT impacted

Anirudh Garg, Partner at INVasset PMS, highlights early signs of fatigue in the global AI trade and warns of structural challenges facing India's traditional IT services sector.

12 Jun 2026
TL;DR

Leveraged AI ETFs dominate SK Hynix trading in South Korea

Leveraged ETFs tied to SK Hynix now dominate trading volumes, accounting for up to 70%, amplifying stock volatility through rebalancing and heightened derivatives activity.

12 Jun 2026
TL;DR

Kospi jumps 8% on US Iran peace buzz, trades paused

South Korea's Kospi Index soared 8% as hopes for a US-Iran agreement boosted risk appetite, with chipmakers Samsung and SK Hynix leading gains amid AI-driven demand.

12 Jun 2026
TL;DR

Japan Nikkei jumps 4% after President Trump cancels Iran strike

Japan's Nikkei surged over 4% as U.S. President Trump canceled strikes on Iran, boosting investor optimism. Technology shares, led by chipmakers, drove the rally.

12 Jun 2026
TL;DR

Appeals court keeps President Trump's 10% tariff for 3 importers

A U.S. appeals court upheld the 10% global tariff for three importers, overriding a lower court's decision. The tariffs, imposed under Section 122, may expire in July.

12 Jun 2026
TL;DR

EY opens EY.ai center in Bengaluru during $1.4B AI push

EY CEO Janet Truncale highlights India’s pivotal role in the firm’s global AI strategy, driven by its tech-savvy workforce and the launch of the EY.ai Centre in Bengaluru.

12 Jun 2026
TL;DR

Hindustan Unilever and rivals hike FMCG prices 4% to 11%

FMCG companies, including HUL and Colgate-Palmolive, are raising prices by 4-11% due to higher crude prices, freight costs, and commodity inflation triggered by global conflicts.

12 Jun 2026
TL;DR

Indian banks rush to meet RBI June 30 AI deadline

Indian banks are collaborating with top consultancy firms like EY and BCG to address AI-driven cyber threats and meet RBI's cybersecurity review deadline by June-end.

12 Jun 2026
TL;DR

US appeals court allows Trump administration 10% global tariff

A federal appeals court upheld the Trump administration's 10% global tariff, citing likely legal success, but the case may ultimately be decided by the Supreme Court.

12 Jun 2026
TL;DR

SpaceX plans $75B IPO by selling 555.6 million shares at $135

Retail investors have placed over $70 billion in orders for SpaceX’s record-breaking $75 billion IPO, with at least 20% of shares expected to be allocated to them.

12 Jun 2026
TL;DR

Tata Sons board meets June 12 to finalize accounts, dividend

The Tata Sons board convenes today to approve FY25-26 accounts and dividends, while key governance issues like Chairman Chandrasekaran’s tenure extension remain off the agenda.

12 Jun 2026
TL;DR

US Securities and Exchange Commission seeks to drop trade-through rule

The SEC has proposed rescinding the trade-through rule, which ensures investors receive the best prices, citing market complexity and costs as key concerns driving the decision.

12 Jun 2026
TL;DR

States urge Nasdaq and FTSE Russell to rethink SpaceX entry

Officials from four states urged Nasdaq and FTSE Russell to pause rule changes favoring SpaceX, citing risks to investors and passive funds due to its $75 billion valuation.

11 Jun 2026
United States of America

US becomes India's top LNG and LPG supplier

The United States has overtaken Gulf countries to become India's top supplier of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) in May.

11 Jun 2026
Nepal

India, Nepal launch UPI-based cross-border remittance system

India and Nepal have launched a new cross-border remittance system, the Unified Payments Interface (UPI)-National Payments Interface (NPI).

11 Jun 2026
Inflation

Gold prices at 6-month low: Good time to buy?

Gold prices have plunged to a six-month low as high oil prices fuel inflation concerns and strengthen expectations of prolonged high interest rates in the US.

11 Jun 2026
Bharti Airtel

Airtel, Vi launch services on Mumbai Metro after months-long dispute

Telecom giants Bharti Airtel and Vodafone Idea (Vi) have launched their mobile network services on the underground sections of Mumbai Metro's Aqua Line.

11 Jun 2026
Wipro

Wipro's buyback offers 37% premium, but there's a catch

Wipro has launched its ₹15,000 crore share buyback program today.

11 Jun 2026
Adani Group

Reliance, Adani join India's push to cut China rare-earth dependence

Reliance Industries, Vedanta and Adani Group are among 10 companies interested in setting up rare-earth processing plants in Andhra Pradesh, according to Reuters.

11 Jun 2026
Stock Market

Mamaearth parent hits 52-week high, stock jumps 77%

Honasa Consumer, the parent company of popular personal care brand Mamaearth, has seen its shares hit a new 52-week high of ₹438 per share.

11 Jun 2026
Florida

Anti-NVIDIA data center start-up reaches $1.5B valuation

In a major development, TensorWave, an AI-focused cloud computing start-up, has raised $350 million in its Series B funding round.

Rajesh Exports shares hit lower circuit for 6th straight session

Rajesh Exports, one of India's leading gold refiners, has seen its share price plummet by nearly 27% since the Securities and Exchange Board of India (SEBI) issued an interim order on June 3.

11 Jun 2026
Anil Ambani

NCLT accepts SBI's plea to initiate Anil Ambani's personal bankruptcy

The National Company Law Tribunal (NCLT) in Mumbai has accepted a plea from the State Bank of India (SBI) to initiate personal insolvency proceedings against industrialist Anil Ambani.

11 Jun 2026
N Chandrasekaran

TCS rethinks small-town office expansion after Nashik harassment case

Tata Consultancy Services (TCS) is rethinking its strategy to open offices in smaller towns and cities.

11 Jun 2026
Apple

Jon Prosser may get another chance to fight Apple's lawsuit

Apple and Jon Prosser's attorney have jointly requested the court to vacate a default judgment entered against him last October.

11 Jun 2026
Ubisoft

Ubisoft shuts more studios, lays off employees amid ongoing restructuring

Ubisoft, the renowned video game publisher, is undergoing another round of restructuring and layoffs. The company has decided to shut down its studios in Winnipeg and Belgrade, according to The Game Business.

11 Jun 2026
NITI Aayog

India's 6G push centers on homegrown tech, patent creation

The Indian government is gearing up to start talks on a roadmap for the country's transition to sixth-generation (6G) mobile communications.

11 Jun 2026
Infosys

Nifty IT crashes over 2%; HCL, Infosys lead fall

The Nifty IT index, a key indicator of India's information technology sector, has witnessed a major crash today.

11 Jun 2026
Anthropic

Anthropic to provide Claude AI access to 50,000 TCS employees

Tata Consultancy Services (TCS) has announced a global strategic partnership with artificial intelligence (AI) company Anthropic.

11 Jun 2026
Oracle

ShinyHunters hacked Oracle servers at over 100 organizations

The notorious cybercrime group, ShinyHunters, has claimed responsibility for breaching Oracle's PeopleSoft servers at over 100 organizations. The victims include a number of universities.

11 Jun 2026
Donald Trump

Trump says he 'loves inflation' as prices hit 3-year high

US President Donald Trump has said "I love the inflation," after consumer prices surged by 4.2% in May, the highest since April 2023.

11 Jun 2026
Donald Trump

Gold prices hit 6-month low

Gold prices have plunged to a six-month low, following fresh US military strikes on Iran.

11 Jun 2026
Sam Altman

Sam Altman-backed Opendoor exits India, lays off 250 employees

US-based real estate technology company Opendoor has announced its decision to shut down operations in India. The closure will affect nearly 250 employees working for the company in the country.

11 Jun 2026
Indian Government

Centre waives excise duty on ethanol-blended petrol

The Indian government has waived the excise duty on certain types of ethanol-blended petrol. The exemption applies to E22, E25, E27 and E30 fuel blends.

11 Jun 2026
Microsoft

Microsoft plans major layoffs in Xbox division

Microsoft's gaming division, Xbox, is planning major layoffs and budget cuts. The move comes as part of a restructuring effort under new CEO Asha Sharma.

10 Jun 2026
Bharti Airtel

Bharti Airtel rebrands priority postpaid service as 'Fast Lane'

Bharti Airtel is rapidly expanding its 5G network in northern India, adding over 2,900 new sites.

10 Jun 2026
Personal Finance

Gold prices could fall by 20%: Here we decode why

Citigroup has revised its gold price forecast, cutting the three-month target from $4,300 to $4,000 per ounce.

10 Jun 2026
Narendra Modi

Modi government turns 12: A look at major tax reforms

As Prime Minister Narendra Modi completes 12 years in office, several changes have been made to India's taxation laws and systems.

10 Jun 2026
Zepto

Zepto's Aadit Palicha to become youngest MD, CEO in India

Aadit Palicha, the co-founder of Zepto, is set to become the youngest managing director and chief executive officer (CEO) of a publicly listed company in India.

10 Jun 2026
IndiGo

Your IndiGo flight may soon fly over Himalayas

IndiGo, India's aviation giant, is considering the option of flying over the Himalayas.

10 Jun 2026
Elon Musk

Starlink's launch in India has not been put on hold

Starlink, Elon Musk's satellite internet service, has responded to reports of its India launch being delayed due to security concerns over the Iran conflict.

10 Jun 2026
Anil Ambani

Bombay HC offers Anil Ambani interim relief in tax-evasion case

The Bombay High Court has granted interim protection from prosecution and penalty to industrialist Anil Ambani in an alleged tax evasion case.

10 Jun 2026
India

Bharat Forge will make semiconductor chips now

Bharat Forge, India's leading forging and engineering company, has made its entry into the billion-dollar semiconductor industry.

10 Jun 2026
HDFC Bank

HDFC Bank hikes FCNR deposit rates: How it affects you?

HDFC Bank has announced a major hike in the interest rates for its Foreign Currency Non-Resident (FCNR) deposits.

10 Jun 2026
London

Palantir to sue London mayor for blocking £50M Met contract

Palantir, a US spy-tech company, is planning to sue London Mayor Sadiq Khan.

10 Jun 2026
Donald Trump

Trump family made $500M from a cryptocurrency deal

The family of US President Donald Trump made $500 million from a cryptocurrency deal, just before the involved company suffered a collapse.

10 Jun 2026
Cognizant

Cognizant generates $200M sales pipeline by listening to employee conversations

Cognizant, a leading IT services company, has generated an additional $200 million in sales pipeline by leveraging artificial intelligence (AI) to analyze internal communications.

10 Jun 2026
Mukesh Ambani

This Ambani-backed start-up seeks $100M to make humanoid robots

Addverb Technologies, an Indian start-up backed by billionaire Mukesh Ambani's Reliance Industries, is looking to raise over $100 million.

10 Jun 2026
Layoff News

Salesforce has embarked on another round of layoffs

Salesforce, the leading customer relationship management (CRM) company, has laid off employees in a new round of job cuts.

10 Jun 2026
Stock Market

Sensex up 380 points, Nifty crosses 23,300: What's driving rally?

The Indian stock market opened on a positive note today, with the Sensex rising by 378.77 points or 0.51% to hit 74,297.52.

10 Jun 2026
Meta

Reliance to build Meta's 1st AI data center in India

Meta, the parent company of Facebook, has teamed up with Reliance Industries Limited (RIL) to establish its first artificial intelligence (AI)-driven data center in India.

10 Jun 2026
Elon Musk

Why xAI, SpaceX are facing class-action lawsuit in the US

Elon Musk's companies, xAI and SpaceX, are facing a class-action lawsuit filed by residents of Mississippi, US.

09 Jun 2026
IDBI Bank

IDBI Bank should be sold in FY27, says report

The strategic divestment of IDBI Bank is now expected to be completed in FY27, government sources have said to Moneycontrol.

09 Jun 2026
Microsoft

Why Microsoft has fired hundreds of Azure employees in China

Microsoft has laid off hundreds of employees in its Azure cloud unit in China.

09 Jun 2026
Bajaj Auto

Why Rajiv Bajaj is stepping down from Bajaj Finserv's board

Rajiv Bajaj, a prominent non-executive director at Bajaj Finserv, has decided to step down from the company's board.

09 Jun 2026
Climate Change

World's biggest banks funneled $906B into fossil fuels last year

The world's biggest banks have pledged a staggering $906 billion in financing to the fossil fuel industry last year, a new report has revealed.

09 Jun 2026
PhonePe

PhonePe, CRED will soon allow rent payment using credit cards

Fintech giants PhonePe and CRED are testing a new model for rent payments through credit cards.

09 Jun 2026
Adani Group

Adani Energy is acquiring smart metering firm IntelliSmart for ₹3,050cr

Adani Energy Solutions Limited (AESL) has announced its plan to acquire IntelliSmart Infrastructure Private Limited for ₹3,050 crore.

09 Jun 2026
Health & Wellness

GSK buys US biopharma company Nuvalent for $10.6B

British pharmaceutical giant GlaxoSmithKline (GSK) has announced its acquisition of US-based biopharmaceutical company Nuvalent for $10.6 billion.

09 Jun 2026
India

DIIs buy ₹4.16L crore worth of equities in 2026

Domestic institutional investors (DIIs) have been on a buying spree in the Indian equity market this year, with their net purchases surpassing ₹4.16 lakh crore in just over five months of 2026.

This FirstCry-promoted company wants to raise ₹1,000cr via IPO

Swara Baby Products, a FirstCry-promoted company that specializes in manufacturing baby and adult diapers as well as feminine hygiene products, is gearing up for an initial public offering (IPO) of up to ₹1,000 crore.

09 Jun 2026
World Bank

India well-positioned to weather global economic slowdown: World Bank

The World Bank has said that India is well-positioned to weather the storm of a slowing global economy.

09 Jun 2026
Alibaba Group

Pentagon blacklists Alibaba, BYD over ties to Chinese military

The Pentagon has added Alibaba, Baidu, and BYD to its list of companies allegedly aiding the Chinese military.