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Business News

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07 May 2026
TL;DR

Sensex slips 114 points as Nifty stays above 24,300

Benchmark indices closed nearly unchanged as Sensex slipped 114 points, while Nifty held above 24,300, reflecting investor caution over global cues and earnings momentum.

07 May 2026
TL;DR

Sensex slips 114 points to 77,844, Nifty down 4 points

Indian stock markets closed with minor losses on Thursday, as Sensex fell 114 points to 77,844.52 and Nifty slipped 4.30 points to settle at 24,326.65 amid mixed global cues.

07 May 2026
TL;DR

Reddit post questions AI blame for layoffs after client loss

A Reddit post reveals how a company attributed layoffs to AI advancements, but later admissions pointed to client loss as the true cause behind job cuts.

07 May 2026
TL;DR

Infra. Market plans ₹500cr pre-IPO raise to reach ₹25,000cr valuation

Infra.Market is set to raise Rs 500 crore in a pre-IPO Series H round, valuing the company at Rs 25,000 crore ahead of its planned stock market debut.

07 May 2026
TL;DR

Meta appeals NCDRC e-commerce label over Facebook walkie-talkie listings

Meta Platforms has approached India’s top consumer court, contesting the classification of Facebook Marketplace as an ‘e-commerce platform’ under consumer protection laws.

07 May 2026
TL;DR

Bharat Forge profits fall 17% to ₹233.45cr after 1-time charges

Bharat Forge reported a 17% drop in Q4 consolidated net profit at ₹233.45 crore, impacted by exceptional outgo, despite revenue rising to ₹4,528.04 crore from ₹3,852.6 crore.

07 May 2026
TL;DR

CG Power & Industrial Solutions expands semiconductor push through Axiro

CG Power is intensifying its semiconductor focus, planning strategic investments in chip design startups and AI technologies while scaling its OSAT business.

07 May 2026
TL;DR

Tata Group, JSW invest nearly $1B in India EV R&D

Indian conglomerates Tata Group and JSW Group are investing nearly $1 billion in domestic electric vehicle and battery technology R&D to reduce reliance on Chinese expertise.

07 May 2026
TL;DR

Tanya Singhal named Global Energy Alliance India vice president

The Global Energy Alliance has named renewable energy entrepreneur Tanya Singhal as Vice President, India, to lead initiatives in clean power and modernized energy systems.

07 May 2026
TL;DR

KKR-backed InCred files ₹3,000cr IPO with valuation up to ₹15,000cr

InCred Holdings Ltd, backed by KKR, has filed its updated draft red herring prospectus for a ₹3,000 crore IPO, potentially valuing the firm at ₹15,000 crore.

07 May 2026
TL;DR

GoKwik launches Kwik Ship AI logistics platform for D2C brands

GoKwik has introduced Kwik Ship, an AI-driven logistics platform enabling D2C brands to reduce return-to-origin rates by 20% and save over 50 operational hours monthly.

07 May 2026
TL;DR

Emami to acquire 60% of Hyderabad's IncNut Digital for ₹321cr

Emami Ltd will acquire a 60% stake in IncNut Digital, a personalised beauty and personal care player, for ₹321 crore, with plans to fully acquire it within 4.5 years.

07 May 2026
TL;DR

Moonshot AI hits $20 billion valuation after $2 billion raise

Moonshot AI secured $2 billion in a Meituan-led funding round, quadrupling its valuation to over $20 billion as it challenges global AI leaders with its Kimi chatbot services.

07 May 2026
TL;DR

Meesho backs mall and AI, allocates 100cr to Meesho Payments

Meesho is accelerating growth through investments in AI-driven productivity, Meesho Payments, and content commerce while expanding its fast-growing Meesho Mall initiative.

07 May 2026
TL;DR

AirAsia orders 150 A220-300 jets at Mirabel for about $19bn

AirAsia has ordered 150 Airbus A220-300 jets worth $19 billion, aiming to modernize its fleet and enhance efficiency amid rising fuel costs and global economic pressures.

07 May 2026
TL;DR

MRF Q4 FY26 net profit jumps 38% to 702.25cr

MRF Ltd reported a 38% increase in Q4 consolidated net profit to ₹702.25 crore, driven by strong sales growth, with revenue rising to ₹8,044.22 crore.

07 May 2026
TL;DR

Tony Fernandes expects new airline announcement within 2 months

Tony Fernandes, AirAsia X co-founder, is set to unveil a new airline within months, leveraging market opportunities despite rising oil prices and volatile industry conditions.

07 May 2026
TL;DR

Bajaj Auto appoints Rakesh Sharma joint MD pending shareholder nod

Bajaj Auto has elevated Rakesh Sharma to Joint Managing Director, effective June 1, 2026. He will oversee Digital & IT and Legal functions alongside his existing responsibilities.

07 May 2026
TL;DR

DeepSeek seeks nearly $50 billion from Chinese state investors

China’s DeepSeek is in talks to secure $50 billion in state-backed funding, intensifying global AI competition with US firms like OpenAI and Anthropic.

07 May 2026
TL;DR

Telangana plans nearly ₹27,000cr in loans to women's SHGs 2026-27

Telangana aims to provide ₹26,621 crore in loans to women SHGs in FY 2026-27, building on the ₹25,228 crore disbursed in the previous fiscal year.

07 May 2026
Paytm

Paytm shares jump 6% after first-ever annual profit

Shares of One97 Communications, the parent company of Paytm, surged nearly 6% in early trade on Thursday.

07 May 2026
TL;DR

Tejas Networks shares jump nearly 20% after successful D2M test

Tejas Networks shares jumped 19% on Thursday, extending a four-day rally to 32%, driven by successful D2M broadcasting trials validating technical and regulatory feasibility.

07 May 2026
TL;DR

India plans to extend RoDTEP 5 years and raise budget

India plans to extend and enhance its RoDTEP scheme, addressing exporters' cost challenges as the Middle East conflict disrupts trade routes and weakens merchandise exports.

07 May 2026
Snapchat

Snap narrows Q1 loss as revenue rises 12% YoY

Snap Inc., the parent company of Snapchat, has reported its first-quarter earnings for 2026.

07 May 2026
TL;DR

Elon Musk sought OpenAI founders to run Tesla AI projects

Elon Musk once proposed integrating OpenAI's leadership, including Sam Altman, into Tesla amid growing doubts about OpenAI's ability to achieve artificial general intelligence.

07 May 2026
TL;DR

InCred plans 1,250cr IPO as investors sell nearly 99 million shares

India's InCred Holdings aims to raise ₹12.50 billion ($131.8 million) through a fresh share issue in its upcoming IPO, alongside existing shareholders selling 99 million shares.

07 May 2026
TL;DR

Anil Ambani sues NDTV for defamation over CBI ED reporting

Anil Ambani has filed a defamation suit against NDTV over its reporting on CBI and ED investigations, alleging 72 critical publications in the past eight months.

07 May 2026
TL;DR

L&T Buildings and Factories to execute Hyderabad Mumbai Karnataka projects

Larsen & Toubro's Buildings & Factories vertical won multiple large orders worth ₹2,500-₹5,000 crore across Hyderabad, Mumbai, and Karnataka.

07 May 2026
TL;DR

Indian government warns banks Mythos AI could expose security gaps

DFS Secretary M Nagaraju emphasized the need for banks to embed risk management as Anthropic’s advanced Mythos AI model raises global cybersecurity concerns.

07 May 2026
TL;DR

Nearly 1 in 3 India's BFSI staff considering quitting: report

A new report reveals growing pressure in India's banking sector, with rapid AI adoption and evolving roles prompting nearly one-third of BFSI employees to consider quitting.

07 May 2026
Microsoft

What Microsoft is offering employees to retire voluntarily

Microsoft is offering a voluntary retirement package to long-serving employees in the US.

07 May 2026
TL;DR

Microsoft offers voluntary retirement in US for 1st time, $900 million

Microsoft introduces its first-ever voluntary retirement program, offering eligible US employees free healthcare, cash payouts, and stock benefits to leave on their own terms.

07 May 2026
TL;DR

Noel Tata opposes Tata Sons IPO ahead of RBI deadline

Noel Tata’s opposition to listing Tata Sons is fueling discord among trustees, as regulatory pressures mount for the $180 billion conglomerate to comply with RBI mandates.

Investor group asks SEC to review SpaceX disclosures before IPO

An investor group advising union pension funds has called on the US Securities and Exchange Commission (SEC) to closely examine SpaceX's disclosures.

07 May 2026
App Store

Apple's bid to pause App Store ruling denied

The US Supreme Court has denied Apple's request to stay a ruling that found the tech giant in violation of court-ordered changes to its App Store.

07 May 2026
TL;DR

Vedanta Limited splits into 4 companies, affecting 2.1 million shareholders

Vedanta's demerger into four entities reshapes dividend dynamics, reducing the parent firm's payouts and requiring shareholders to reassess income from each new entity.

07 May 2026
Elon Musk

Shivon Zilis, mother of Musk's children, testifies in OpenAI trial

Shivon Zilis, an executive at Elon Musk's brain implant company Neuralink and the mother of four of his children, testified in the ongoing OpenAI trial.

07 May 2026
TL;DR

HFCL Limited gains nearly 98% on Q4FY26 results, ₹84.23cr orders

HFCL shares soared 37% in five sessions, nearly doubling in a month, driven by robust Q4FY26 earnings, fresh telecom orders, and strong revenue growth.

07 May 2026
Apple

Apple to invest ₹100cr in India's renewable energy sector

Apple has announced an initial investment of ₹100 crore to expand its renewable energy capacity in India.

07 May 2026
TL;DR

Andhra Pradesh approves 2.01L/cr investments led by N Chandrababu Naidu

The Andhra Pradesh SIPB, led by CM N Chandrababu Naidu, approved investment proposals worth ₹2.01 lakh crore, including major projects by Reliance and Adani Group.

07 May 2026
Donald Trump

Crude tops $100 again as US-Iran talks remain uncertain

Oil prices have rebounded after a two-day losing streak, recovering from a 10% fall in the previous session.

07 May 2026
TL;DR

ServiceNow redeploys 85% of IT help desk after AI adoption

ServiceNow redeployed 85% of its IT help desk staff into roles like AI operations and analytics, emphasizing human oversight and governance in its AI-driven transformation.

07 May 2026
TL;DR

Royal Enfield to invest ₹2,200 cr in Satyavedu plant

Royal Enfield will invest ₹2,200 crore to establish a manufacturing facility in Tirupati district, Andhra Pradesh, adding 9 lakh units to its capacity and creating 5,000 jobs.

07 May 2026
TL;DR

One97 Communications stock jumps 6% to ₹1,180 signaling Paytm comeback

Paytm's stock surged 6% after One97 Communications reported its fourth consecutive quarterly profit, signaling a sustained financial turnaround and positive market sentiment.

07 May 2026
TL;DR

Sensex at 77,986, Nifty above 24,350 amid U.S.-Iran peace hopes

Sensex and Nifty opened slightly higher on Thursday as softer crude oil prices and positive global cues bolstered investor sentiment, with auto stocks leading sectoral gains.

07 May 2026
TL;DR

Fitch says Indian banks ready for RBI ECL rules

Indian banks are adequately capitalised to adopt the Reserve Bank of India's expected credit loss (ECL) framework, set to commence on April 1, 2027, Fitch Ratings reports.

07 May 2026
TL;DR

Meesho shares jump nearly 8% on narrower ₹166cr quarterly loss

Meesho's share price jumped nearly 8% after the company reported a narrowed net loss of ₹166.34 crore and a 47.13% revenue growth in Q4 FY26.

07 May 2026
Warner Bros

Ted Turner, CNN founder and pioneer of 24-hour news, dies

Ted Turner, the media mogul who revolutionized global television news by founding CNN in 1980, has passed away at the age of 87. His death was confirmed by a statement from Turner Enterprises.

07 May 2026
TL;DR

Rupee opens ₹94.71, down 10 paise amid US Iran uncertainty

The rupee slipped 10 paise to 94.71 against the dollar as Brent crude hovered near $102 a barrel, with US-Iran peace deal uncertainty weighing on market sentiment.

07 May 2026
TL;DR

Target pulls Good & Gather corn trail mix over salmonella

Target's Good & Gather Mexican Street Corn Trail Mix has been recalled nationwide due to potential Salmonella contamination linked to a seasoning ingredient.

07 May 2026
TL;DR

Federal Reserve: U.S.-backed war with Iran keeping inflation at 3.5%

Federal Reserve officials caution that the U.S.-Iran war is fueling prolonged inflation risks, driven by soaring oil prices and escalating supply chain disruptions.

07 May 2026
TL;DR

Elon Musk sues OpenAI, Sam Altman, says AGI promise threatened

The Oakland trial between Elon Musk and OpenAI leaders highlights unresolved concerns about AI's dangers, including workforce disruptions and superhuman intelligence threats.

07 May 2026
TL;DR

Salesforce to hire 1,000 graduates and interns for AI projects

Salesforce CEO Marc Benioff is hiring 1,000 graduates and interns to develop AI systems, challenging concerns about artificial intelligence eliminating entry-level jobs.

07 May 2026
Startups

Skyroot becomes India's 1st space tech unicorn with $60M funding

Hyderabad-based Skyroot Aerospace has become India's first space tech unicorn after raising $60 million in a funding round co-led by Ram Shriram's Sherpalo Ventures and GIC.

07 May 2026
TL;DR

India 10-year yield hits 6.939% after Iran considers Trump plan

India's 10-year benchmark bond yield rose to 6.939% on May 7, up 2 basis points, following sharp selling in earlier sessions amid fluctuating crude oil prices.

07 May 2026
TL;DR

Rupee opens at 94.75 as RBI sells dollars at 95.18

The Indian Rupee started at 94.75 per dollar on May 7, down 14 paise from the previous close of 94.61, amid mixed trends in Asian currencies.

07 May 2026
TL;DR

Arm Holdings forecasts $1.26B Q1 revenue and shares fall 5.5%

Arm Holdings projects Q1 revenue of $1.26 billion, surpassing Wall Street estimates, driven by robust adoption of its AI-focused chip designs in data centers.

07 May 2026
TL;DR

Samsung marks 30 years in India with smart business ecosystems

Samsung is leveraging AI-powered connected ecosystems to drive enterprise digital transformation in India, focusing on integrated solutions across hardware, software, and security.

07 May 2026
TL;DR

Corning and NVIDIA partner to expand US AI optical capacity

Corning and Nvidia are collaborating to boost U.S. optical connectivity production, increasing fiber capacity by over 50% and creating 3,000 jobs to support AI data center growth.

07 May 2026
TL;DR

About 90 firms including Bharat Forge report Q4 earnings today

Around 90 companies, including BSE, Britannia Industries, Bharat Forge, and Dabur India, are set to release their Q4 FY26 financial results on May 7.

07 May 2026
TL;DR

Apple invests ₹100cr in CleanMax for over 150MW in India

CleanMax shares gained attention after Apple announced a ₹100 crore investment to develop 150 megawatts of renewable energy in India, boosting clean energy adoption.

07 May 2026
TL;DR

Oil rebounds amid U.S.-Iran signals, Brent $102.19 WTI $96.25

Crude oil prices reclaimed $100 on May 7, snapping a two-day losing streak as investors reacted to mixed signals surrounding U.S.-Iran negotiations and geopolitical uncertainties.

07 May 2026
TL;DR

Nikkei 225 tops 62,000 on hopes of US Iran talks

Asian markets rallied on Thursday as Japan's Nikkei 225 surged over 4% to surpass the 62,000 mark for the first time, driven by hopes of a US-Iran peace deal.

07 May 2026
TL;DR

Gold at $4,688 as Iran considers US peace deal

Gold prices remained stable near a one-week high as investors awaited updates on a potential U.S.-Iran peace deal, while U.S. gold futures saw a slight uptick.

07 May 2026
TL;DR

AI lifts stocks of glass makers, machinery firms and Toto

Glassmaker Corning and toilet maker Toto are emerging as surprising AI beneficiaries, driven by soaring demand for fiber optics and semiconductor ceramics.

07 May 2026
TL;DR

Bombay High Court petition seeks halt to Tata Trusts meeting

A Bombay High Court petition claims Sir Ratan Tata Trust violates Maharashtra's amended trust laws, seeking to halt a critical Tata Trusts meeting scheduled for Friday.

07 May 2026
TL;DR

AI expertise raises Indian tech pay by up to 60%

AI-skilled professionals earn up to 60% more than peers in other tech roles, with salary growth outpacing non-AI jobs as companies adopt AI-driven pay frameworks.

07 May 2026
TL;DR

Ola Cabs's parent posts ₹1,974.7cr FY25 loss amid late filings

Ola Consumer reported a 41% revenue drop and ₹1,974.7 crore loss for FY25, filing its financials six months late amid scrutiny over compliance and market share decline.

07 May 2026
TL;DR

Pronto raises $45 million Series B and $20 million, doubles to $200 million

Home services startup Pronto raised $45 million in a Series B round, doubling its valuation to $200 million after securing an additional $20 million from Lachy Groom.

07 May 2026
TL;DR

Piramal Finance lets AI bots hire 262 entry-level sales executives

Piramal Finance employed AI bots to hire 262 entry-level sales executives in three months, automating the entire recruitment process except for issuing offer letters.

07 May 2026
TL;DR

Oil rebounds amid U.S.-Iran talks, WTI $96.15, Brent $102.15

Oil prices recovered Thursday after a sharp drop, as investors reassessed the potential impact of an Iran-US peace deal on geopolitical tensions and global oil supply.

07 May 2026
TL;DR

Meesho slashes Q4 loss 88%, revenue ₹3,531cr, doubles AI focus

Meesho plans to boost AI investments after tools like voice search Vaani and recommendation engine PRISM drove a 32% rise in its annual transacting user base.

07 May 2026
TL;DR

Prativa Mohapatra: Adobe India drives 1-third of Adobe's global innovation

Enterprises are redesigning workflows and processes to adapt to agentic AI, says Prativa Mohapatra, Adobe India VP, highlighting innovation driven by Indian teams.

07 May 2026
TL;DR

Larsen & Toubro unveils 'Lakshya 31' targeting ₹5.8tn by FY31

Larsen and Toubro's Lakshya 31 aims to double revenue by FY31, diversify into green hydrogen and semiconductors, and enhance return ratios through strategic investments.

07 May 2026
TL;DR

Tata Trusts resignations, Freshworks layoffs, AI lifts Asian tech stocks

Venu Srinivasan and Vijay Singh's departure from the Tata Education and Development Trust signals growing discord within Tata Trusts ahead of a pivotal board review at Tata Sons.

07 May 2026
TL;DR

Indian investors poured over 3L/cr as foreign funds withdrew 2L/cr

Domestic institutional investors have poured over Rs 3 lakh crore into Indian equities in the first four months of 2026, despite market volatility and foreign outflows.

07 May 2026
TL;DR

SpaceX grants Anthropic Colossus data center access with 220,000 GPUs

Elon Musk's SpaceX has partnered with Anthropic, despite his past criticisms of the company as "evil," granting it access to the Colossus data center's vast computing power.

07 May 2026
TL;DR

Snap ends $400 million Perplexity partnership, says no revenue expected

Snap announced that its $400 million AI integration deal with Perplexity ended amicably in Q1, halting plans to embed Perplexity’s search engine into Snapchat’s Chat interface.

07 May 2026
TL;DR

Robinhood's Ventures Fund I on NYSE draws 150,000+ retail investors

Robinhood CEO Vlad Tenev revealed that over 150,000 retail investors participated in the IPO of its new Ventures Fund I, listed on the NYSE.

06 May 2026
Layoff News

Why Pocket FM has laid off 10% of its employees

Pocket FM, the popular audio storytelling app, has laid off around 100-130 employees or nearly 10% of its total workforce, as per Entrackr.

06 May 2026
Elon Musk

Shocker! OpenAI president Greg Brockman thought Musk would hit him

OpenAI President Greg Brockman has shared details of a tense 2017 meeting with Elon Musk.

06 May 2026
Uttar Pradesh

UP's defense corridors have received ₹35,000cr boost, says Yogi Adityanath

Uttar Pradesh is witnessing a massive transformation in its defense sector.

06 May 2026
Indian Government

How Modi government plans to ensure cybersecurity of finance sector

The Indian government is working on a comprehensive cybersecurity strategy for the financial sector, including banks, securities markets, insurance, pensions, and financial market infrastructure.

06 May 2026
SpaceX

SpaceX plans $55B chip factory for AI push

SpaceX has announced plans to invest a whopping $55 billion in a semiconductor manufacturing facility in Texas.

06 May 2026
Indian Economy

India's exports hit record high of $863B on services surge

India's total exports have reached a new high of $863.11 billion in the fiscal year 2025-26, according to data from the Directorate General of Commercial Intelligence and Statistics (DGCI&S) and the Reserve Bank of India.

06 May 2026
India

This Chinese home appliances giant might start manufacturing in India

Chinese home appliances giant Midea Group is on the verge of finalizing a local manufacturing joint venture (JV) in India, as per Moneycontrol.

06 May 2026
Reserve Bank Of India (RBI)

RBI's draft rules for property acquisition: How it affects you?

The Reserve Bank of India (RBI) has proposed draft guidelines allowing banks and non-banking financial companies (NBFCs) to take over properties as a last resort for recovering unpaid loans.

06 May 2026
National Stock Exchange

NSE's upcoming IPO: Which investors will offload their shares?

India's biggest stock exchange, the National Stock Exchange (NSE), is gearing up for its long-awaited initial public offering (IPO).

06 May 2026
Facebook

Facebook co-founder's venture firm to invest $50-100M annually in India

B Capital, the venture capital firm led by Facebook co-founder Eduardo Saverin, is set to ramp up its investments in India.

Billionaire NVIDIA director Mark Stevens donates $200M to alma-mater USC

Mark Stevens, a billionaire and director at NVIDIA, and his wife Mary, has donated $200 million to the University of Southern California (USC).

06 May 2026
Nifty

Sensex closes 940 points up: Key reasons behind today's rally

The Indian stock market witnessed a major surge on Wednesday, with the benchmark indices Sensex and Nifty gaining over 1% each.

06 May 2026
Stock Market

Foreign investors sell ₹2T of Indian equities in 4 months

Foreign institutional investors (FIIs) have pulled out nearly ₹1.98 lakh crore from Indian equities in the first four months of 2026, data from the National Securities Depository Limited (NSDL) showed.

06 May 2026
Apple

Intel shares hit all-time high as Apple considers chipmaking partnership

Intel's shares have skyrocketed by a whopping 15.4%, hitting an all-time high of $120 per share.

06 May 2026
Turkey

Central banks become net gold sellers after 10-month buying streak

For the first time in 10 months, central banks have become net sellers of gold, according to data from the World Gold Council (WGC).

06 May 2026
Layoff News

Grocery delivery start-up Apna Mart fires 10% of its workforce

Accel and Peak XV-backed grocery delivery start-up, Apna Mart, has laid off 10% of its workforce.

06 May 2026
India

Indian firms to pump $20.5B in these US sectors

Indian companies are gearing up to invest over $20.5 billion in the United States across tech, manufacturing and pharmaceuticals sectors.

06 May 2026
Stock Market

These stocks in India will benefit from ECLGS 5.0 scheme

The Indian government's approval of the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 is expected to benefit select financial and aviation stocks.

06 May 2026
Indian Government

Modi government clears ₹1,570cr ship repair facility in Gujarat

The Indian government has approved the establishment of a modern ship repair facility at Vadinar, Gujarat.

06 May 2026
Kumar Mangalam Birla

Vi stock jumps 5% after Birla's comeback as non-executive chairman

Vodafone Idea's shares witnessed a major spike of over 5% today. The surge comes after Aditya Birla Group Chairman Kumar Mangalam Birla was appointed as the new non-executive chairman of the debt-ridden telecom company.

06 May 2026
Donald Trump

Why gold and silver prices are surging today

Gold and silver prices witnessed a surge today, following a minor recovery in global bullion markets. The rise comes after recent losses in the sector.

06 May 2026
Apple

Apple agrees to $250M settlement over delayed AI features

Apple has agreed to pay $250 million to settle a class-action lawsuit that accused the tech giant of misleading customers over its Apple Intelligence features.

06 May 2026
Indian Economy

India's services sector hits 3-month high as demand surges

India's services sector has shown signs of recovery, with the Purchasing Managers' Index (PMI) hitting a three-month high of 58.2 in April.

Freshworks to cut 11% workforce as AI reshapes software industry

Freshworks, a leading business-software company, has announced its decision to cut 11% of its workforce.

06 May 2026
Samsung Electronics

Samsung hits $1T valuation on AI chip demand

Samsung Electronics has reached a major milestone, hitting a $1 trillion market valuation. The achievement comes on the back of skyrocketing demand for artificial intelligence (AI) chips.

06 May 2026
Donald Trump

Oil prices fall as Trump pauses military operation in Hormuz

Oil prices fell on Wednesday after US President Donald Trump announced a temporary halt to the naval escort effort in the Strait of Hormuz. The decision has sparked hopes for a possible deal with Iran.

05 May 2026
Climate Change

ESG funds: Understanding this financial option

Environmental, social, and governance (ESG) funds are becoming increasingly popular among Indian investors looking to make a positive impact.

05 May 2026
Larsen & Toubro

L&T's Q4 results: Net profit down 3% to ₹5,326cr

Larsen & Toubro (L&T) has announced a 3% year-on-year decline in its consolidated net profit for the fourth quarter.

05 May 2026
Nykaa

Why Nykaa has been sued by Zee Entertainment 

Zee Entertainment has filed a lawsuit against Nykaa, accusing the latter of using its copyrighted songs in Instagram reels for product promotion.

05 May 2026
State Bank of India (SBI)

SBI customers brace for 4-day disruption amid upcoming staff strike

The State Bank of India (SBI) is likely to witness service disruptions later this month.

05 May 2026
Cognizant

Cognizant may cut 12,000-15,000 jobs globally

Cognizant, a leading IT services company, is considering a major workforce reduction that could affect between 12,000 and 15,000 employees worldwide, as per Moneycontrol.

05 May 2026
Mahindra & Mahindra

M&M Q4 profit rises 42% YoY to ₹4,668cr

Mahindra and Mahindra (M&M) has announced a 42% year-on-year jump in its consolidated net profit for the fourth quarter of FY25-26.

05 May 2026
Inflation

India's cash withdrawals jump 12%, highest since 2017 demonetization

India is witnessing a major shift in its cash economy as currency in circulation (CIC) has increased by over ₹61,000 crore in the first half of April.

05 May 2026
Amazon

How Amazon's latest move triggered a global logistics stock selloff

Amazon announced a new suite of logistics services, sending shockwaves through the industry.

05 May 2026
Google

Google parent Alphabet wants to raise $3.5B via bond sale

Alphabet Inc, the parent company of Google, has returned to the euro market with a mega bond deal.

05 May 2026
Punjab National Bank

PNB's Q4 results: Net profit rise 14% YoY to ₹5,225cr

Punjab National Bank (PNB) has reported a strong 14% year-on-year increase in its net profit for the fourth quarter of FY26.

This data center operator is planning $900M IPO in India

Yotta Data Services, a leading player in India's data center market, is planning an initial public offering (IPO) in Mumbai.

05 May 2026
Sensex

Sensex tanks nearly 750 points: What's behind today's decline?

The Indian stock market witnessed a major slump on Tuesday, with the Sensex plummeting by almost 750 points.

05 May 2026
JP Morgan

Ex-JPMorgan banker faked father's death to get bereavement leave 

Chirayu Rana, the former JPMorgan Chase banker, who accused a female colleague of forcing him to become her "sex slave," faked his father's death to take nearly three months of paid leave, The New York Post reported.

05 May 2026
ChatGPT

OpenAI sales head departs amid intensifying AI competition

James Dyett, the sales leader at OpenAI, has announced his departure from the company. He joined OpenAI in 2023 during a period of rapid growth after the launch of ChatGPT.

05 May 2026
Google

Canadian musician sues Google over false sex offender claims

Canadian fiddler Ashley MacIsaac has filed a $1.5 million lawsuit against Google, accusing the tech giant of defamation.

05 May 2026
Kiran Mazumdar Shaw

Meet Claire Mazumdar, Kiran Mazumdar-Shaw's successor at Biocon

Kiran Mazumdar-Shaw, the Founder and Chairperson of Biocon, is considering a succession plan for the company.

05 May 2026
Stock Market

Will Damodar Valley Corporation finally make stock market debut?

The Bharatiya Janata Party's (BJP) victory in the West Bengal assembly elections has revived hopes of an initial public offering (IPO) for Damodar Valley Corporation (DVC).

05 May 2026
Elon Musk

Musk v/s OpenAI trial heats up as Greg Brockman testifies

The legal battle between Elon Musk and OpenAI continued on Monday.