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Business News

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16 Jun 2026
TL;DR

ONGC Videsh to restart San Cristobal and Petrocarabobo in Venezuela

ONGC Videsh Ltd (OVL) plans to restart operations in Venezuela as the country opens its oil sector to greater foreign participation under a new legal framework.

16 Jun 2026
TL;DR

India's top telcos oppose TRAI's standalone voice SMS plans

Reliance Jio, Airtel, and Vodafone Idea oppose Trai's proposal for affordable voice and SMS-only plans, citing technical and economic concerns.

16 Jun 2026
TL;DR

Goldman Sachs cuts India's 2026 current account deficit to 1.3%

Goldman Sachs has lowered India's 2026 current account deficit forecast to 1.3% of GDP, citing stronger remittances, robust services exports, and reduced oil imports.

16 Jun 2026
TL;DR

SpaceX IPO raises $85.7B on June 12, surpassing $75B plan

SpaceX's historic IPO raised $85.7bn, $10bn more than initially reported, as underwriters exercised a greenshoe option to meet overwhelming investor demand.

16 Jun 2026
TL;DR

Proterial to invest ₹2,250cr in NdFeB magnet plant Andhra Pradesh

Japan's Proterial will invest ₹2,250 crore in Andhra Pradesh to establish a rare earth magnet plant, boosting India's local manufacturing and reducing reliance on Chinese imports.

16 Jun 2026
TL;DR

India's engineering exports rise 24.48% to $12.31 billion in May

India’s engineering exports soared 24.5% in May 2026 to $12.31 billion, showcasing resilience amid geopolitical tensions and supply-chain disruptions, according to EEPC India.

16 Jun 2026
TL;DR

Amazon and Meta dial back AI after $7,500 per-employee costs

CEOs are rethinking their AI strategies as spiraling token costs, averaging $7,500 per employee monthly, force businesses to impose usage caps and scale back adoption.

15 Jun 2026
Insurance

Use E20 fuel? Your vehicle insurance claim might be denied

ICICI Lombard General Insurance has warned that insurance claims for fuel-related damages could be rejected in certain cases.

15 Jun 2026
Nirmala Sitharaman

Indian economy facing challenges, could impact growth: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman has warned that the Indian economy is facing several challenges, including tariff shocks and supply chain disruptions.

15 Jun 2026
Kazakhstan

Kazakhstan's new $10B AI deal is supported by NVIDIA

Kazakhstan has signed a series of agreements with US-based start-up Firebird Inc. to develop artificial intelligence (AI) infrastructure.

15 Jun 2026
India

India's unemployment rate rises to 5.5% in May

India's unemployment rate has increased to 5.5% in May, up from April's 5.2%, government data released on Monday showed.

15 Jun 2026
Nirmala Sitharaman

Asset management stocks surge after Sitharaman hints at more reforms

Shares of capital market-focused companies witnessed a major rally on Monday.

15 Jun 2026
Mukesh Ambani

Reliance AGM on June 19: What to expect

Reliance Industries Limited (RIL) will hold its 49th Annual General Meeting (AGM) on June 19, at 2:00pm IST.

15 Jun 2026
Anil Agarwal

Vedanta eyes US relisting as it targets $100B India expansion

Anil Agarwal, the metals magnate, has announced plans to relist his holding company Vedanta Resources, possibly in the US.

15 Jun 2026
India

India's trade deficit in May goes slightly down to $28.21B

India's merchandise trade deficit remained stable in May, despite an increase in both exports and imports, according to government data released today.

15 Jun 2026
HDFC Bank

HDFC Bank is now searching for a new CFO

HDFC Bank has begun the search for a new Chief Financial Officer (CFO), as per Moneycontrol.

15 Jun 2026
India

Why Indian pharma industry is relieved after US-Iran deal

The Indian pharmaceutical industry is looking at ways to stabilize its supply chain after the US and Iran reached a preliminary peace agreement.

15 Jun 2026
Elon Musk

Australia's richest person invests $1.4B in Elon Musk's SpaceX

Australia's richest person Gina Rinehart has made a major investment in Elon Musk's SpaceX.

15 Jun 2026
United Kingdom

Is the UK headed for deindustrialization?

UK's industrial sector is on the brink of collapse, with thousands of companies warning they could go bankrupt in the next year due to high energy prices.

15 Jun 2026
Nirmala Sitharaman

Indian economy facing challenges, could impact growth: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman has warned that the Indian economy is facing several challenges, including tariff shocks and supply chain disruptions.

15 Jun 2026
Elon Musk

Musk says becoming world's first quadrillionaire is 'not impossible'

Elon Musk, the CEO of SpaceX, has said that becoming the world's first quadrillionaire is "not impossible."

15 Jun 2026
Stock Market

These Indian stocks could benefit from US-Iran peace deal

The recent peace agreement between the United States and Iran has sparked a major rally in India's benchmark indices, Sensex and Nifty 50.

15 Jun 2026
Elon Musk

Musk predicts $1 trillion revenue for SpaceX by 2030

Elon Musk has predicted that SpaceX could generate an annual revenue of around $1 trillion by 2030.

15 Jun 2026
IndiGo

IndiGo shares up 10% in 2 days: Should you buy?

InterGlobe Aviation, the parent company of IndiGo, has witnessed a significant surge in its share price.

15 Jun 2026
Eicher Motors

India's commercial vehicle stocks up 9% after US-Iran peace deal

Shares of commercial vehicle (CV) manufacturers such as Ashok Leyland, Tata Motors, Force Motors, Eicher Motors and SML Mahindra surged up to 9% today.

15 Jun 2026
France

Trump threatens to impose 100% tariff on French wines

US President Donald Trump has threatened to impose a 100% tariff on French wines if France does not remove its digital tax on American tech giants.

15 Jun 2026
India

India's 10-year bond yield hits 3-month low: What's the reason?

India's benchmark 10-year government bond yield fell to its lowest level since March 25 today.

15 Jun 2026
Stock Market

Investing in Indian stocks is now easier for overseas investors

The Indian government has amended its foreign investment rules, allowing all individual Persons Resident Outside India (PROIs) to invest in shares of listed Indian companies through the Portfolio Investment Scheme (PIS).

15 Jun 2026
Bitcoin

Bitcoin prices hit 2-week high today: What's the reason?

Bitcoin, the world's largest cryptocurrency, has surged to its highest level in nearly two weeks.

15 Jun 2026
Indian Rupee (INR)

INR jumps to highest level since May 8 at 94.68/$

The Indian rupee opened 43p stronger at ₹94.68 against the US dollars today.

15 Jun 2026
BBC

BBC to lay off hundreds of employees

The British Broadcasting Corporation (BBC) is preparing to lay off hundreds of employees from its main news operation next week, according to Financial Times.

15 Jun 2026
Reserve Bank Of India (RBI)

India's wholesale inflation jumps to 9.68% in May

India's wholesale inflation for May stood at a staggering 9.68%, according to a new series introduced by the government.

Rajesh Exports surges 5%, ending 7-day losing streak

Shares of Rajesh Exports witnessed a recovery on Monday, hitting the upper circuit limit of 5% at ₹80.23.

15 Jun 2026
Vedanta

Four new Vedanta stocks debut on Dalal Street after demerger

Shares of four Vedanta Group companies—Vedanta Aluminium, Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel—made their debut on the Indian stock market today.

Razorpay files for ₹5,700cr IPO

Razorpay, a leading player in the fintech sector, has taken a major step toward its public market debut.

15 Jun 2026
Federal Reserve

Gold, silver prices jump 4% as US-Iran reach peace deal

Gold and silver prices witnessed a spike today after the US and Iran reached a deal to end their ongoing conflict.

15 Jun 2026
Elon Musk

SpaceX may generate $1 trillion per year by 2030: Musk

Elon Musk has predicted that SpaceX could rake in annual revenues of around $1 trillion by 2030.

15 Jun 2026
Nifty

Sensex gains over 1,100 points on US-Iran peace deal

Indian stock markets witnessed a major surge in early trade on Monday, with the Sensex gaining over 1,100 points and the Nifty nearing the 24,000 mark.

15 Jun 2026
Donald Trump

Oil prices crash 5% on US-Iran peace deal

Oil prices witnessed a sharp decline on Monday, following President Donald Trump's announcement of a US-Iran agreement to end the naval blockade in West Asia.

14 Jun 2026
New Zealand

Air New Zealand might soon offer direct flights to India

Air New Zealand is considering the feasibility of launching direct flights to Indian cities.

14 Jun 2026
Reliance Industries

Jio enters top 20 rankings of global patent law treaty

Reliance Industries' Jio Platforms has made it to the top 20 of the Patent Cooperation Treaty (PCT) rankings for 2026, released by the World Intellectual Property Organization.

14 Jun 2026
Goa

This Goa-based brewery plans to go public

Latambarcem Brewers (LB Brewers), the Goa-based company behind popular craft beer brand MakaDi and functional beverage Borecha, is targeting ₹500 crore in revenue over the next 4-5 years.

14 Jun 2026
Japan

UK to ink investment deal worth $24B with Japan

The United Kingdom and Japan are on the verge of signing an £18 billion ($24.1 billion) investment deal.

14 Jun 2026
Iran

Wall Street turns to war-risk models as conflicts shake economies

As wars continue to disrupt the financial industry, Wall Street is turning to new catastrophe models for predicting military conflicts.

14 Jun 2026
Emmanuel Macron

Bharat Innovates 2026: Modi meets top global investors in France

Prime Minister Narendra Modi met leading venture capitalists, global investors, and innovation ecosystem leaders in Nice, France, on Sunday.

14 Jun 2026
Florida

Meet Pranjali Awasthi, the 15-year-old who founded ₹100cr AI start-up

Pranjali Awasthi, a young Indian entrepreneur, has taken the tech world by storm with her artificial intelligence (AI) start-up Delv. AI. The company is now valued at nearly ₹100 crore.

14 Jun 2026
Amazon

Amazon to invest $35B in India by 2030

Amazon has announced its most aggressive expansion phase in India, with a planned investment of $35 billion by 2030.

14 Jun 2026
IDBI Bank

LIC eyes stronger market leadership as it nears platinum jubilee

Life Insurance Corporation of India (LIC) is gearing up to strengthen its market leadership in the life insurance sector as it approaches its platinum jubilee.