LOADING...

Business News

No jargons, no mumbo-jumbo. Read the unadulterated Business news here.

02 Jun 2026
TL;DR

RBI staff drop to 13,220 as pensions push costs higher

The Reserve Bank of India’s workforce fell by 2.2% in 2025 to 13,220 employees, even as employee expenditure surged 10.8% due to increased pension-related costs.

02 Jun 2026
TL;DR

Indian gold crosses ₹159,000 per 10gm amid international tensions

Gold prices on MCX surged above ₹1.59 lakh per 10 grams, while silver remained steady, as global bullion markets reacted to uncertainty over US-Iran peace talks.

02 Jun 2026
TL;DR

Donald Trump announces 25% to 15% tariff cut through 2027

US President Donald Trump has reduced tariffs on agricultural and industrial equipment from 25% to 15%, aiming to lower costs and boost domestic investment.

02 Jun 2026
TL;DR

Alphabet raises $80 billion for AI infrastructure with Berkshire Hathaway

Google’s parent company, Alphabet, is raising $80 billion to expand its AI infrastructure, following trillion-dollar valuations and IPO plans from Anthropic and SpaceX.

02 Jun 2026
TL;DR

Zhipu AI plans STAR Market IPO offering 2% to 8%

Zhipu AI, a leading Chinese AI firm, plans to apply for a listing on Shanghai's Sci-Tech Innovation Board, aiming to issue 2%-8% of its total share capital.

02 Jun 2026
TL;DR

Hewlett Packard Enterprise posts record quarter on AI demand

Hewlett Packard Enterprise raised its financial targets by two years, driven by surging AI data center demand, as shares soared 36% following record second-quarter results.

02 Jun 2026
TL;DR

Donald Trump rolls out copper aluminum iron import rules

President Trump signed a proclamation reducing tariffs on select metal imports and equipment, aiming to stimulate U.S. industrial growth through revised trade policies.

02 Jun 2026
TL;DR

Blackstone raises $13.1B Asia private equity fund above $10B goal

Blackstone has secured $13.1 billion for its third Asia private equity fund, doubling the size of its 2021 pool and surpassing its $10 billion target.

02 Jun 2026
TL;DR

Andhra Pradesh posts record ₹4,987cr May GST via tech compliance

Andhra Pradesh achieved its highest-ever GST revenue of Rs 4,987 crore in May 2026, marking a 19% year-on-year growth driven by compliance measures and technology integration.

02 Jun 2026
TL;DR

Joseph Anantharaju says token control will shape AI budgets

Enterprises will increasingly prioritize token consumption and optimization in AI budgeting next year as they grasp the rising costs of large language model usage.

02 Jun 2026
TL;DR

India exports rise 14% to $43.56bn as deficit reaches $28.38bn

India's exports surged by 13.78% to USD 43.56 billion in April FY27, marking the highest monthly outbound shipments in over four years, despite a widening trade deficit.

02 Jun 2026
TL;DR

Coca-Cola explores IPO for HCCB, India's largest bottler, 2027 listing

Coca-Cola is exploring a 2027 stock market debut for Hindustan Coca-Cola Beverages, its largest Indian bottler, while planning to retain investment despite selling a partial stake.

02 Jun 2026
TL;DR

Indian insurers shake up cyber risk assessment after IRDAI push

Indian insurers are overhauling cyber risk models after IRDAI raised concerns about generative AI threats like deepfake fraud and AI-enabled phishing.

02 Jun 2026
TL;DR

Indian semiconductor startups raise $92 million in early 2026 amid DLI

Indian semiconductor startups raised $92 million in early 2026, nearly quadrupling 2025's total, driven by government incentives and increasing production activity.

02 Jun 2026
TL;DR

Tata Sons trims Tata Digital valuation by 5.5% to $10.3bn

Tata Sons reduced Tata Digital's valuation by 5.5% during its latest ₹3,000 crore cash infusion, reflecting a reset in expectations amid mounting losses.

02 Jun 2026
TL;DR

NVIDIA accelerates H-1B hiring, landing about 1,200 certifications H1 FY26

Nvidia's H-1B filings highlight software engineers earning nearly ₹3.74 crore in base pay as the AI leader aggressively expands its workforce amid intensifying global competition.

02 Jun 2026
TL;DR

Amazon, Meesho, Swiggy, Zepto and Eternal launch digital commerce coalition

Leading ecommerce companies, including Amazon and Meesho, have launched the Digital Commerce Coalition to enhance customer experiences and support small businesses.

02 Jun 2026
TL;DR

Mitsubishi UFJ Financial Group launches $250 million Indian fintech fund

Japan's MUFG is setting up a $250 million fund targeting early and growth-stage Indian startups, focusing on fintech, as global investors scale back their activity in the region.

02 Jun 2026
TL;DR

Mint poll finds India economy likely grew 7.3% Jan-Mar 2026

India's GDP likely grew 7.3% year-on-year in Q4 FY26, down from 7.8% in the previous quarter, supported by domestic demand and government spending despite global uncertainties.

02 Jun 2026
TL;DR

India slips to 7th as Taiwan South Korea pass $5T

India slips to seventh in global market capitalisation as South Korea's $5.04 trillion valuation edges past India's $4.84 trillion, driven by an AI and semiconductor boom.

02 Jun 2026
TL;DR

Hyderabad-based Coempt Edu Teck beats TCS, wins CBSE e-evaluation contract

Hyderabad-based Coempt Edu Teck secured CBSE’s OSM contract, outscoring TCS in technical evaluation and submitting a financial bid nearly 60% lower than its competitor.

02 Jun 2026
TL;DR

BofA sets Nifty 26,200 warns West Asia crisis, AI investment

Candace Browning of BofA Global Research highlights that policy reforms and the peak of global AI capex could renew foreign investor interest in India.

02 Jun 2026
TL;DR

Alphabet raising $80B to boost AI infrastructure with $30B offering

Alphabet's stock price rose after announcing an $80 billion fundraising plan to expand AI infrastructure, including a $10 billion investment from Berkshire Hathaway.

02 Jun 2026
TL;DR

US dollar rebounds after U.S.-Iran talks pause over Lebanon attacks

The U.S. dollar rose Monday as markets assessed fragile Middle East peace talks, following heightened tensions between the U.S. and Iran over the weekend.

02 Jun 2026
TL;DR

Maya Tata mulls exit to Trent amid Tata Digital losses

Maya Tata, daughter of Noel Tata, is considering leaving Tata Digital amid restructuring, exploring roles in other Tata Group companies like Trent and Tata Consumer Products.

02 Jun 2026
TL;DR

UK factories see fastest 4 year growth as firms stockpile

UK manufacturing expanded at its fastest pace in four years this May, driven by businesses advancing orders to counter rising costs and supply chain disruptions.

02 Jun 2026
TL;DR

Anthropic, maker of Claude chatbot, files to go public

Anthropic, valued at $965 billion and backed by Amazon and Google, has confidentially filed for an IPO, marking a pivotal moment for the booming generative AI industry.

02 Jun 2026
TL;DR

Anthropic prepares October IPO near $1 trillion, Newsom-linked nonprofits poised

California Governor Gavin Newsom’s allies, including Omidyar Network and Ford Foundation, stand to gain $250 million from Anthropic’s anticipated $1 trillion IPO this October.

02 Jun 2026
TL;DR

Goldman Sachs California conference draws 400+ executives, spotlights AI investment

Goldman Sachs’ leveraged finance leaders spotlighted AI infrastructure, with trillions needed for data centers and power, as the sector drives unprecedented capital demand.

02 Jun 2026
TL;DR

China's strict tech export and talent rules worry Indian companies

China's new regulations on technology transfers and talent movement could delay India's plans in electronics and automotive manufacturing, impacting key sectors like EV components.

02 Jun 2026
TL;DR

McDonald's to unveil 'McDonald's>NEXT' plan at Las Vegas meeting

McDonald’s announced its “McDonald’s>NEXT” strategy, focusing on automation, improved hospitality, and better food quality to make stores easier to run and more appealing.

02 Jun 2026
TL;DR

Wall Street edges higher after 2.6% tech jump Monday

Wall Street saw modest gains as tech stocks surged, driven by Nvidia's AI chip launch, while escalating U.S.-Iran tensions and rising oil prices kept markets on edge.

02 Jun 2026
TL;DR

SpaceX updates IPO filing citing water access as major challenge

SpaceX's amended IPO filing highlights water scarcity as a critical challenge for cooling data centers, emphasizing its importance alongside power and material resources.

02 Jun 2026
TL;DR

Haryana unveils Make in Haryana Industrial Policy 2026 aiming ₹5L/cr

Haryana CM Nayab Saini launched the “Make in Haryana Industrial Policy-2026,” targeting ₹5-lakh-crore investment and 10 lakh jobs, alongside signing MoUs worth ₹1.10 lakh crore.

01 Jun 2026
China

China's new rules for overseas investments: How it affects you

China has introduced new regulations to tighten its grip on overseas investments involving Chinese investors, technology, data, and national security.

01 Jun 2026
Telangana

No more cash wages to workers in Telangana

In a landmark decision, the Telangana government has banned cash wage payments to workers and mandated electronic transfers.

01 Jun 2026
India

India's industrial output grew by 4.9% this April

India's industrial output grew by 4.9% in April 2026, according to the first reading of the revamped Index of Industrial Production (IIP) series with FY23 as the new base year.

01 Jun 2026
Reserve Bank Of India (RBI)

Noel Tata writes to RBI, opposes Tata Sons public listing

Noel Tata, the chairman of Tata Trusts, has written a letter to the Reserve Bank of India (RBI), opposing any potential public listing of Tata Sons.

UPI crosses 23B monthly transactions for first time

India's Unified Payments Interface (UPI) has achieved a major milestone by crossing the 23 billion monthly transaction mark for the first time in May 2026.

01 Jun 2026
Nifty

Sensex crashes 1,100 points from day's high levels

India's benchmark indices, Sensex and Nifty, witnessed a major fall from their day's high on June 1.

01 Jun 2026
IndiGo

Why domestic air traffic in India is going down

India's domestic aviation sector has seen a decline in passenger traffic, with only 13.8 million travelers in April 2026.

01 Jun 2026
Zee

Why Zee Entertainment's shares are up 20% in 5 sessions

Shares of Zee Entertainment Enterprises have witnessed a massive rally, surging by nearly 20% over the past five sessions.

01 Jun 2026
GST

GST collections up 3.2% YoY to ₹1.94L crore in May

India's Goods and Services Tax (GST) collections rose by 3.2% year-on-year to ₹1.94 lakh crore in May 2026, official data released today has showed.

01 Jun 2026
SoftBank Group

SoftBank becomes Japan's most valuable company, surpassing Toyota

SoftBank Group has dethroned Toyota to become Japan's most valuable company.

01 Jun 2026
Delhi

Jet fuel prices cut 27% for international airlines

The price of Aviation Turbine Fuel (ATF) for international airlines has been slashed by 27% in India.

New UPI and ATM rules from today

A host of changes have come into effect from June 1, impacting Unified Payments Interface (UPI) and other financial aspects.

01 Jun 2026
Berkshire Hathaway

How BYD became a $10B bet for Berkshire Hathaway

During the 2008 global financial crisis, investing legend Charlie Munger spotted a unique opportunity in Chinese electric vehicle (EV) maker BYD.

01 Jun 2026
India

Installing rooftop solar panels will cost you more now

Starting today, India has implemented a major change in its solar sector.

01 Jun 2026
Vodafone Idea

How Airtel is helping Vodafone Idea add more subscribers

Vodafone Idea (Vi) is capitalizing on the ongoing debate over premium 5G connectivity to position itself as a provider of equal network access for all users.

01 Jun 2026
Indian Economy

India's factory growth hits 3-month high

India's manufacturing sector witnessed the fastest growth in three months in May, owing to strong domestic demand and a spike in new orders.

01 Jun 2026
Ukraine

Russia bans aviation fuel exports till November 30

Russia has announced a ban on aviation fuel exports until November 30.

01 Jun 2026
Ministry of Finance

How to trace forgotten mutual funds using new government portal

The Ministry of Finance has launched a new awareness initiative called "Your Money, Your Right" to help citizens trace their forgotten or unclaimed financial assets.

01 Jun 2026
Coinbase

Coinbase re-enters India with direct bank-to-crypto transfers

Popular cryptocurrency exchange Coinbase has launched direct Indian rupee (INR) deposit and withdrawal services for retail users in India.

01 Jun 2026
Oman

India-Oman trade deal comes into effect today

India's Comprehensive Economic Partnership Agreement (CEPA) with Oman will come into effect today at 2pm IST.

01 Jun 2026
Air India

Why Noel Tata is holding up Tata Sons chairman's reappointment

The chairman of Tata Trusts, Noel Tata, has reportedly told the board of Tata Sons that there are several unresolved issues.

01 Jun 2026
China

China's manufacturing sector expands for 6th consecutive month

China's manufacturing sector has expanded for the sixth consecutive month in May, albeit at a slower rate.

01 Jun 2026
Warren Buffett

Berkshire Hathaway buys homebuilder Taylor Morrison for $6.8B

Berkshire Hathaway has announced a major acquisition, agreeing to buy US homebuilder Taylor Morrison Home Corp for $6.8 billion in cash.

01 Jun 2026
Donald Trump

Oil jumps 2.5% as Israel intensifies attacks on Lebanon

Oil prices surged over 2% in early trading on Monday, after Israel ordered its troops to advance further into Lebanon.

01 Jun 2026
LPG Cylinder

Commercial LPG prices hiked again

Oil marketing companies have increased the prices of commercial LPG cylinders from today.

31 May 2026
Mukesh Ambani

Reliance Industries to invest ₹10L crore in AI infrastructure

Reliance Industries Limited (RIL) has announced a massive investment of ₹10 lakh crore in multi-gigawatt-scale AI-ready data centers.

31 May 2026
British Columbia

Canada-India trade pact gains momentum at leaders summit

The Western Canada-India Leaders Summit held in Regina, Saskatchewan, has given a major boost to the prospects of a free trade agreement (FTA) between Canada and India.

31 May 2026
Australia

India-Oman trade pact takes effect tomorrow, granting duty-free export access

India and Oman are set to implement their Comprehensive Economic Partnership Agreement (CEPA) from June 1.

31 May 2026
Inflation

Kevin Warsh urges Fed to reconsider inflation metrics

Federal Reserve Chairman Kevin Warsh has called for a shift in the way inflation is measured, suggesting that the central bank should consider alternative metrics.

31 May 2026
Reserve Bank Of India (RBI)

RBI may keep repo rate unchanged at upcoming meeting

The Reserve Bank of India (RBI) is likely to keep its key policy rate unchanged at 5.25% during the upcoming bi-monthly monetary policy meeting from June 3-5.

31 May 2026
Ashwini Vaishnaw

Semiconductor plant in Assam to begin production this fiscal: Vaishnaw

The semiconductor plant at Jagiroad in Assam is likely to start production within the current financial year.

Why trucking in India is slow despite faster expressways

India's huge investment in highways and expressways has not resulted in a proportionate increase in freight movement speed.

31 May 2026
DeepSeek

Chinese AI firm MiniMax prepares for domestic listing

Shanghai-based artificial intelligence (AI) start-up MiniMax Group Inc. has begun preparations for a domestic listing, according to a regulatory filing.

31 May 2026
Adani Group

Anthropic, OpenAI IPOs could fuel growth for Asian tech suppliers

The upcoming wave of stock offerings in the US could be a boon for Asian supply chain companies.

31 May 2026
China

China's factory activity weakens in May

China's manufacturing sector hit a snag in May, with the official Purchasing Managers' Index (PMI) slipping to 50 from April's 50.3.

31 May 2026
New Delhi

India, US to hold 4-day trade meet from tomorrow

The chief negotiators of India and the United States will begin a four-day meeting on Monday in New Delhi.

31 May 2026
Russia

Why EU is planning freeze on Russian oil price cap

The European Union (EU) is mulling a temporary freeze of its price cap on Russian oil, in light of the ongoing Middle East conflict.

31 May 2026
Cafe Coffee Day

Cafe Coffee Day parent swings back to profit in FY26

Coffee Day Global Ltd has announced a profit after tax (PAT) of ₹14 crore for the fiscal year 2025-26 (FY26).

LIC is mulling an entry in India's fintech space

Life Insurance Corporation of India (LIC) is looking to enter the fintech space.

31 May 2026
Adani Group

Adani says legal challenges in the US are now over

Billionaire Gautam Adani has announced that the Adani Group has moved past its legal challenges in the United States.

31 May 2026
Finance

EaseMyTrip's Q4 results: Revenue up 8.9% YoY to ₹152cr

Leading travel platform EaseMyTrip has reported an 8.9% year-on-year growth in its revenue from operations for the fourth quarter of FY26.

31 May 2026
Bharti Airtel

Market cap of India's top 7 firms plunges ₹1.54L crore

The combined market capitalization of seven out of India's top 10 most valuable companies fell by ₹1.54 lakh crore last week.

31 May 2026
Snapchat

Snap alums launch an investment fund to back AI start-ups

A group of 20 Snap alumni have launched a new investment fund called Ghost Angels.

31 May 2026
Indian Government

Government reintroduces windfall tax on fuel exports

The Indian government has reintroduced windfall tax rates on fuel exports, effective from June 1, 2026.

31 May 2026
Gujarat

Reliance, NLC explore new project to boost domestic gas supply

NLC India and Reliance Industries have teamed up to explore an underground lignite gasification project in Gujarat.

These 2 IPOs shall open for subscription next week

India's primary market is gearing up for an active week with two public issues, CMR Green Technologies and Hexagon Nutrition, set to open for subscription.

31 May 2026
Indian Government

No customs duty on cotton imports till October 31

The Indian government has announced a five-month exemption from customs duty on cotton imports, effective from June 1.

31 May 2026
Patanjali

Patanjali Foods' Q4 net profit up 46% YoY to ₹524cr

Patanjali Foods has announced a whopping 46% jump in its consolidated net profit for the March quarter, owing to strong sales of cooking oils and other food items.

31 May 2026
Indian Government

Modi government lowers excise duty on petrol, diesel, ATF exports

The Indian government has announced a reduction in the Special Additional Excise Duty (SAED) on exports of diesel, petrol and aviation turbine fuel (ATF).

30 May 2026
Uttar Pradesh

Uttar Pradesh: Electricity bills to increase by 10% from June

The Uttar Pradesh Power Corporation Limited has announced a 10% increase in electricity bills, effective from June.

30 May 2026
Donald Trump

India-US trade deal 99% complete, may be signed within weeks

Sergio Gor, the US Ambassador to India, has said that an interim trade deal between the two countries is at the "last 1%."

30 May 2026
SpiceJet

SpiceJet slapped with ₹125cr GST demand, registration may be canceled

The Goods and Services Tax (GST) Department has issued a tax demand of ₹124.65 crore to budget airline SpiceJet.

30 May 2026
Rockstar Games

Rockstar Games developers form first-ever union

In a historic move, employees at Rockstar Games have announced the formation of their first-ever labor union.

30 May 2026
Inflation

Finance Ministry warns of inflation risks from rising energy prices

India's economy is showing "cautious resilience" amid global uncertainties, but rising energy prices and a potentially weak monsoon could pose inflation risks.

30 May 2026
China

Urgent need to boost semiconductor manufacturing in India: NITI Aayog

NITI Aayog has called for a major push toward self-reliant semiconductor manufacturing in India.

30 May 2026
Iran

US seizes nearly $1B in Iranian crypto assets

The US has seized nearly $1 billion in Iranian cryptocurrency assets as part of "Operation Economic Fury," US Treasury Secretary Scott Bessent announced.

30 May 2026
Bengaluru

India becomes 3rd-largest market for Schengen visas

India has emerged as the third-largest market for Schengen visas, with 1.15 million applications in 2025.

30 May 2026
Belgium

Which Schengen countries rejected most visa applications from India (2025)

In 2025, over 181,000 Schengen visa applications from India were rejected, according to data released by the European Commission. This translates to a non-issuance rate of 15.8%.