Business News
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Bank of England holds rate at 3.75% tolerating above-2% inflation
The Bank of England, led by Andrew Bailey, signals no immediate rate hikes as UK economic growth remains weak and uncertainty looms over the Iran war's impact.
ET Alpha Wealth Summit in Mumbai probes India's growth sustainability
Top economists and finance experts will convene on June 4 in Mumbai to analyze India's growth durability, exploring consumption trends, private capex revival, and wealth creation.
XCENA raises $135 million, valued at $570 million with MX1 memory chip
XCENA, a South Korea-U.S. startup, secured $135M in Series B funding to develop chips that bring compute closer to memory, aiming to revolutionize AI infrastructure efficiency.
RBI explores banking apps kill switch to instantly freeze transactions
RBI is exploring a ‘kill switch’ mechanism to instantly freeze banking operations during suspected fraud, enhancing security and curbing losses from rising digital scams.
SAP offers free Learning Hub student edition to Indian students
SAP offers free access to its Learning Hub, student edition, enabling Indian students to explore in-demand business technologies used by global organizations.
AvenuesAI board approves up to 2.5% stake in Ratnaafin Capital
AvenuesAI Limited plans a 2.5% minority stake in Ratnaafin Capital to advance its AI-driven embedded finance and digital lending ecosystem through strategic NBFC partnerships.
Norway fund backs Palantir human rights and political donations proposals
Norway’s $2.3 trillion wealth fund supported shareholder proposals urging human rights due diligence at Palantir, reflecting growing public scrutiny of its investments.
OurCoop triples Deborah Robinson's pay to £2.2m amid sales slump
OurCoop, a mutual retailer with 500 stores across England, tripled its CEO's pay to £2.2m despite a 4.4% drop in sales and halved trading profits.
Telangana launches ₹21.40cr DAY-NRLM scheme for rural women entrepreneurs
Telangana has unveiled a ₹21.40 crore incubation programme under DAY-NRLM to support 300 rural women-led enterprises, aiming for 15% annual revenue growth and up to 1,200 new jobs.
BCG: India to add $2tn by 2030, top emerging-market wealth
India is set to lead emerging markets by adding over $2 trillion in financial wealth by 2030, driven by rapid economic growth and an expanding affluent segment.
India's foreign exchange reserves drop $7.51bn to $681.38bn May 22
India's foreign exchange reserves fell by $7.51 billion to $681.38 billion as of May 22, driven by declines in foreign currency assets and gold holdings, RBI data revealed.
RBI pays government ₹2.87 trillion dividend, misses ₹3 trillion
The Reserve Bank of India transferred a record 2.87 trillion rupees to the government, driven by higher interest income and significant gains from foreign exchange transactions.
IPPR report backed by TUC urges worker control of AI
A TUC-backed report by the IPPR urges stronger worker influence on workplace AI adoption to ensure fair distribution of benefits and prevent negative impacts.
BSE Sensex drops nearly 850 points after MSCI index reshuffle
Sensex plunged 850 points in 10 minutes as MSCI's periodic rebalancing triggered Rs 8,000 crore outflows, with changes to Indian stocks in its Global Standard Index.
Indian firms announce ₹25,000 cr buybacks, highest in 3 years
India Inc has announced ₹25,000 crore worth of share buybacks in 2026, driven by favorable tax changes and strong balance sheets amid volatile market conditions.
US India trade deal may be sealed, says Sergio Gor
US Ambassador to India Sergio Gor expressed optimism about finalizing the US-India trade deal within weeks, highlighting growing bilateral trade and economic collaboration.
IMD to set up weather station at Noida International Airport
The India Meteorological Department (IMD) will set up a dedicated weather monitoring station at the upcoming Noida International Airport in Jewar.
RBI cuts printing costs 23.5% while ₹500 notes dominate value
The Reserve Bank of India reduced its currency printing expenditure by 23.5% in FY26, even as the total value of cash in circulation surged by 11.8%.
Indian rupee nears 97 per US dollar as worries grow
Indian companies are under increased investor scrutiny as the rupee's slide to record lows sparks concerns over foreign-exchange strategies, impacting both exporters and importers.
Why Sensex crashed 1,100 points today
India's benchmark stock market indices, the Sensex and Nifty, witnessed a major crash on Thursday.
Gig workers to get pensions, insurance, and healthcare
The Indian government is set to introduce social security benefits for gig and platform workers.
Vedanta shares hit record high after credit rating upgrade
Vedanta's share price has surged to a new all-time high, following an upgrade in its credit rating by ICRA, a Moody's affiliate.
This start-up offers free apartment cleaning for users' data
A New York-based start-up, Shift, is offering free apartment cleaning services in exchange for data collected inside people's homes.
RBI reports 10,114 bank frauds causing ₹48,021cr losses in 2025-26 (FY2025-26)
Banks and financial institutions reported 10,114 fraud cases involving ₹48,021 crore in 2025-26, marking a decline in case numbers but a sharp rise in the amount involved.
Why Coffee Day shares surged 20% today
Shares of Coffee Day Enterprises, the parent company of Cafe Coffee Day (CCD), hit the 20% upper circuit limit today to reach ₹34.78 on Nifty.
RBI balance sheet up 20.6% to 91.97L/cr this year
The Reserve Bank of India’s balance sheet expanded 20.6% year-on-year to ₹91.97 lakh crore in FY26, driven by domestic investments and gold valuation gains.
Google ordered to pay ₹30L as Hindware wins trademark case
In a landmark ruling, the Delhi High Court has ruled that Google infringed Hindware's trademark rights by allowing rival companies to bid on its registered trademark "HINDWARE" through its Google Ads platform.
What are varnished banknotes and why is RBI introducing them?
The Reserve Bank of India (RBI) is planning to introduce varnished banknotes with enhanced security and durability features as cash circulation in the economy continues to remain strong.
AI optimism boosts Indian IT stocks, Nifty IT rises
Indian IT stocks surged on Friday, driven by Wipro's expanded AI partnership with ServiceNow, boosting investor sentiment and lifting the Nifty IT index over 2%.
From June 1, these financial changes may affect you
A series of regulatory changes across taxation, banking, and clean energy sectors are set to come into effect in June.
NITI Aayog urges $120-150 billion semiconductor value chain by 2035
India aims to establish a $120-$150 billion semiconductor value chain by 2035, with NITI Aayog proposing robust policies and significant government investment.
India named least constrained data center market in Asia-Pacific
India is becoming Asia-Pacific's top data centre hub, driven by low development bottlenecks and rising AI-driven demand, with its total capacity projected to exceed 3 GW by 2028.
RBI to launch enhanced security banknotes to curb counterfeits mid-2026
The RBI plans to introduce varnished banknotes with enhanced security features by mid-2026, addressing rising cash demand and counterfeiting concerns.
Rupee ends fiscal 2026 at ₹94.83, nearly 10% down
The Reserve Bank of India reported a 10% rupee depreciation in FY26, citing trade uncertainties, the US-Iran conflict, and FII outflows as key factors behind the decline.
Odisha government signs Intel and 3DGS deal for substrate manufacturing
India's semiconductor ambitions advanced as Odisha inked an MoU with Intel and 3DGS, introducing substrate manufacturing technology to bolster the nation's growing chip ecosystem.
Ola Electric stock surges 93% after loss falls to ₹500cr
Ola Electric shares hit a four-month high, surging nearly 93% from March lows, driven by narrowed losses, improved volumes, and growing market share in the EV segment.
BEML stock falls 7% after March quarter results, down 20%
State-run BEML reported a 38% drop in net profit and a 36% decline in EBITDA for Q4, causing its shares to slide by up to 7%.
India unveils social security for gig and platform workers
The government is introducing social security measures for gig workers, including accident insurance and health coverage, with integration via the e-Shram portal.
Australian shares climb 1.6% after U.S.-Iran cease-fire extension, easing tensions
Australian shares recorded their strongest session in seven weeks, with the S&P/ASX 200 index climbing 1.6% as U.S.-Iran ceasefire extension talks boosted investor confidence.
Lenovo shares surge 109% amid AI push and margin resilience
Lenovo's stock has surged 109% in May, marking its best monthly performance since 1999, fueled by strong AI server demand and investor confidence in its AI growth potential.
Pocket FM leadership shakeup as SVP Mayank Sancheti resigns
Senior Vice President Mayank Sancheti has resigned from Pocket FM, marking the second high-profile departure as the company focuses on profitability and operational efficiency.
Oil may hit $160 as inventories near record lows
Exxon Mobil, a leading US energy company, has warned of a potential spike in global oil prices.
Reserve Bank of India projects 6.9% FY2026-27 growth amid headwinds
The RBI's Annual Report 2025-26 highlights India's robust macroeconomic fundamentals, projecting 6.9% GDP growth for FY27 despite risks from the West Asia conflict.
Hotels across Asia-Pacific Middle East Africa losing direct booking revenue
RateGain's 2026 report reveals APMEA hotels face booking losses due to digital friction, warning AI search evolution could render hotel websites invisible in the booking journey.
Who is Hemant Taneja, Delhi-born billionaire betting big on Anthropic?
Indian-origin investor Hemant Taneja has made a record investment in Anthropic, a leading player in the artificial intelligence (AI) space. The move comes as Anthropic recently surpassed OpenAI in valuation.
Bitcoin at $73,660 as whales move 648,000 BTC amid fear
Bitcoin traded around $73,660 as whale outflows surged to 648,000 BTC, the highest since February, while cautious market sentiment kept broader crypto price movements mixed.
June 2026 updates bring tax, ATM, UPI and solar changes
Starting June, critical changes in taxation, banking fees, and clean energy regulations will reshape financial planning for taxpayers, salaried professionals, and investors.
Reserve Bank of India reviews FREE-AI committee recommendations for finance
The RBI is evaluating the FREE-AI Committee’s recommendations to ensure responsible AI adoption in India’s financial ecosystem while addressing emerging risks.
Happiest Minds posts almost 80% Q4 FY26 profit to ₹61.17cr
Happiest Minds reported an 80% YoY jump in Q4 FY26 profit to ₹61.17 crore, with revenue rising 11% to ₹604 crore, driven by improved employee utilisation and operating margins.
Wipro stock jumps 4.6% to ₹211 after ServiceNow partnership
Wipro shares surged up to 4.6% after announcing an expanded AI-focused partnership with ServiceNow, signaling potential recovery amid prolonged pressure on the Indian IT sector.
SECU challenges Samsung semiconductor bonuses for 78,000 workers 3.25cr each
Samsung's consumer electronics workers, represented by a minority union, plan to challenge the Rs 3.25 crore bonus package granted exclusively to chip division employees.
Indian IT stocks rally as Nifty IT climbs over 2.5%
Indian IT stocks soared as global enthusiasm for AI-driven growth boosted heavyweights like Infosys, TCS, and Coforge, with the Nifty IT index climbing over 2.5%.
India, Canada launch trade, investment forum to boost economic ties
India and Canada have launched a new trade and investment forum to strengthen their economic partnership.
FDA finds falsified records, unsanitary conditions at Dabur India facility
The U.S. FDA identified data integrity violations, microbiological contamination risks, and maintenance lapses at Dabur India's Dadra plant during a January inspection.
Japan's Nikkei climbs to 66,329.50 on AI and U.S.-Iran talks
Japan's Nikkei surged to a record peak, fueled by optimism over Middle East peace progress and strong AI stock performance following Dell Technologies' upbeat earnings forecast.
RBI pilots programmable CBDCs to target and restrict subsidy spending
The Reserve Bank of India plans to broaden CBDC pilots, introducing new use cases in direct benefit transfers and tokenisation of financial assets.
Piyush Goyal meets US industry leaders, discusses bilateral trade ties
Union Minister of Commerce and Industry, Piyush Goyal, met over 50 leading business and industry leaders in New York City.
India's RBI sees 6.9% GDP 2026-27, warns of global risks
The Reserve Bank of India forecasts 6.9% real GDP growth for 2026-27, cautioning downside risks from geopolitical tensions, elevated energy prices, and global market volatility.
Marc Benioff says AI coding agents kept Salesforce engineering flat
Salesforce CEO Marc Benioff revealed the company has "almost not hired engineers" in two years, attributing this to AI coding agents revolutionizing software development.
RBI finds bad loans at multidecade low across Indian banks
India's banking sector saw GNPA ratios drop to a multi-decadal low in FY26, with robust profitability and strong capital buffers supporting resilience, per RBI.
Anish Tawakley urges using India's forex reserves during global shocks
India's foreign-exchange reserves should shield the economy from temporary shocks like high oil prices and volatile capital flows, says DSP Asset Management CIO Anish Tawakley.
Ola Electric shares jump nearly 20% on margin and sales
Ola Electric shares surged 20% over six sessions, driven by improved profitability metrics, expanded gross margins, and positive sales trends despite mixed March quarter results.
Coffee Day Enterprises stock up 20% after Siddaramaiah suggests Shivakumar
Coffee Day Enterprises' shares soared 20% as Karnataka Chief Minister Siddaramaiah resigned, with speculation of DK Shivakumar succeeding him boosting investor sentiment.
Oil prices dip as US-Iran ceasefire talks progress
Oil prices have fallen slightly after the US and Iran tentatively agreed to extend a truce by 60 days.
Supriya Lifescience stock rises to ₹940.50 after Q4 profit ₹74.23cr
Supriya Lifescience shares soared 17% after the company reported a 47% YoY PAT growth and a 50% revenue surge in Q4FY26, driven by strong demand and operational efficiencies.
Nandan Denim shares rise just over 1% after FY26 results
Nandan Denim shares gained over 1% on 29 May after Q4 FY26 results revealed a slight profit dip and lower revenue, reflecting short-term resilience despite broader market weakness.
Musk's SpaceX lowers IPO valuation
SpaceX, Elon Musk's rocket and artificial intelligence company, has revised its initial public offering (IPO) valuation target to at least $1.8 trillion.
Supreme Court orders 250cr returned, imposes 25cr fine on Reliance
The Supreme Court annulled a Rs 447 crore disgorgement order against Reliance Industries in the 2007 trading case but upheld Sebi's Rs 25 crore penalty.
India delays GDP data release to June 5 for accuracy
India has postponed its Q4 and fiscal year GDP release by a week to improve data accuracy, leveraging late-arriving corporate earnings and government accounts.
Indian markets start weak, Sensex down 300, Nifty under 23,900
Sensex dropped 300 points from its day's high, while Nifty slipped below 23,900 on May 29 amid US-Iran peace deal uncertainty and continued foreign investor selling.
Maersk starts weekly FI2 linking China and India June 4
Maersk is set to introduce the FI2 ocean service on June 4, offering faster, high-frequency shipping between Far East Asia and northwest India.
BDL shares fall over 8% as Q4 profit drops 58.5%
Shares of Bharat Dynamics fell 8% after reporting a 58.5% y-o-y profit drop in Q4FY26, with execution delays and supply chain issues weighing on investor sentiment.
Hemant Taneja led $65B Anthropic round valuing company $965B
Hemant Taneja, an Indian-origin investor and General Catalyst CEO, is driving AI innovation by leading record investments in Anthropic, now valued at $965 billion.
Autofurnish lists on BSE SME at ₹43, IPO oversubscribed
Autofurnish shares debuted at ₹43 on BSE SME, marking a 4.8% rise from the IPO price of ₹41, with the IPO subscribed 1.21x during its bidding period.
LIC shares open at ₹417.60 post 1-for-1 bonus May 29
LIC shares opened at ₹412.70 on the NSE, reflecting a price adjustment after the 1:1 bonus share issuance, with trading volumes reaching 20.49 lakh shares by early session.
How fly led to Japan banning Indian mangoes after 20yrs
Japan has suspended fresh mango imports from India for the 2026 season over pest treatment concerns at an Indian facility.
India, Canada launch trade investment forum after Piyush Goyal visit
India and Canada have initiated a trade and investment forum to boost business ties, aiming to finalize a Comprehensive Economic Partnership Agreement (CEPA) by year-end.
Amazon shutters KiroRank AI ranking after some staff gamed it
Amazon has shut down its internal AI leaderboard after employees inflated usage for rankings, shifting focus to meaningful work as AI-related expenses surge.
India fuel spike could weaken car sales, says Shailesh Chandra
Tata Motors CEO Shailesh Chandra warns that rising petrol, diesel, and CNG prices could dampen consumer sentiment and potentially affect automobile demand in India.
Why LIC shares are down 50% today
Life Insurance Corporation of India (LIC) witnessed a massive drop in its share price, falling by nearly 50% in early trade on Friday.
Anthropic nears $1 trillion valuation ahead of IPO
Artificial intelligence (AI) company Anthropic has raised a whopping $65 billion in its latest funding round.
Wockhardt shares rally after India's regulator approves Zaynich for UTIs
Wockhardt shares soared 9% after CDSCO approved Zaynich®, a first-in-class antibiotic targeting drug-resistant Gram-negative infections, for marketing in India.
Aditya Infotech rallies 330% since IPO after raising FY2027 guidance
Aditya Infotech shares have skyrocketed 330% from their ₹675 issue price, driven by robust Q4 results and an upgraded FY27 revenue guidance of ₹6,000-₹6,500 crore.
Samsung's breakthrough AI memory chips send shares soaring
Samsung Electronics has announced the global shipment of samples of its latest high-bandwidth memory (HBM) chip, a move that has sent the company's stock soaring by as much as 6.5%.
Anthropic client blew through $500 million on Claude with no limits
A company incurred a staggering $500 million AI bill in one month by failing to implement spending caps or usage controls, exposing critical gaps in enterprise AI governance.
LIC stock halves after 1-for-1 bonus, price at ₹416.10
LIC shares plunged nearly 50% as the stock turned ex-bonus for its 1:1 share issue, reflecting a price adjustment rather than a loss in shareholder value.
Sensex jumps 220 after reports of possible U.S.-Iran ceasefire extension
Sensex climbed over 220 points and Nifty approached 24,000 on Thursday morning as reports of a US-Iran ceasefire extension boosted market sentiment and eased crude oil prices.
Oil down nearly 1% as US and Iran negotiate cease-fire
Global oil prices fell nearly 1% as reports of a potential Iran-US ceasefire extension eased concerns over supply disruptions in the critical Strait of Hormuz trade route.
RBI quietly intervenes through state banks as rupee opens firmer
The Reserve Bank of India likely intervened in the forex market, boosting the rupee to 95.55 per U.S. dollar at Friday's local spot market open, traders said.
Samsung pay war escalates as union drags company to court
A minority labor union at Samsung Electronics is all set to contest a recent pay deal in court.
Wealthy Indians increasingly taking loans against shares and mutual funds
High-net-worth individuals in India increasingly pledge equity portfolios for short-term loans, avoiding stock losses amid market volatility and preserving investments.
Exxon Mobil warns inventories may slump, crude could reach $150-$160
Exxon Mobil cautions that global oil inventories may soon hit unprecedented lows, potentially driving crude prices to $150-$160 per barrel as demand outpaces supply.
India's engineering exports reach $10.35 billion in April 2026
India’s engineering goods exports surged 8.8% year-on-year in April 2026, driven by strong demand from North America and the EU, despite declines in ASEAN and WANA regions.
SECU challenges Samsung pay deal favoring AI chip workers
A minority labor union at Samsung Electronics plans to contest a pay deal favoring chip division workers, seeking a court injunction to halt its implementation within a month.
Bajaj Finserv launches Finserv Intelligence to invest up to ₹2000cr
Bajaj Finserv has launched Finserv Intelligence to invest Rs 1,500-2,000 crore in AI, fintech, and consumer tech start-ups while fostering research collaborations.
ACCC sues Amazon Australia over 'Unicorn' backpacks missing safety labels
Australia's ACCC has sued Amazon's local unit, alleging non-compliance with mandatory safety standards for button batteries in children's "Unicorn Toddler Backpacks."
Andrew Yates resigns as KPMG Australia chief over whistleblower complaints
Andrew Yates has stepped down as KPMG Australia’s CEO, taking responsibility for the firm’s inadequate response to whistleblower allegations of client information misuse.
LG Electronics stock jumps 27% after LG's Android Automotive announcement
LG Electronics shares surged 27% after unveiling automotive solutions powered by Google's Android automotive OS, enabling cost-efficient multi-display systems for automakers.
Ashok Leyland Q4 FY2026 earnings rise 14% to ₹1,291 cr
Ashok Leyland reported a 14% YoY rise in Q4 PAT to ₹1,291 crore, with revenue from operations growing 17% YoY to ₹17,246 crore.
Samsung ships 12-layer HBM4E samples worldwide, stock jumps 6.51%
Samsung's stock rose 6.51% after it began shipping samples of its industry-first 12-layer HBM4E memory chips, designed for advanced AI systems, globally.
Dell raises fiscal outlook to $165B-$169B as AI servers surge
Dell has significantly raised its annual revenue and profit forecasts, driven by surging demand for AI-optimized servers as tech giants expand data center infrastructure.
Lupin shares rise after FDA clearance before ASCO drug presentation
Lupin's Ankleshwar facility received an EIR from the USFDA, boosting investor interest. The stock closed at Rs 2,276.75, up 0.57% in the last session.
India developing PLI 2.0 to target 55%+ smartphone value addition
India's updated PLI 2.0 scheme aims to boost domestic value addition in mobile manufacturing beyond 55%, focusing on local component production and reduced import reliance.
SpaceX cuts IPO target to at least $1.8T, seeks $75B
SpaceX has adjusted its IPO valuation target to at least $1.8 trillion, down from earlier projections of over $2 trillion, following consultations with advisers and investors.
US dollar weakens on US and Iran ceasefire extension reports
The dollar weakened as reports of a U.S.-Iran ceasefire and eased Strait of Hormuz restrictions lowered oil prices, reducing demand for the safe-haven currency.
Foxconn earnings jump 19% as cloud spend tops $700bn
Foxconn Chairman Young Liu expressed strong optimism about the company's growth, citing soaring AI demand and major cloud providers' $700 billion capital expenditure this year.
India's net FDI falls to $1 billion in 2024-25
India's net FDI plummeted from $28 billion to $1 billion in two years, driven by rising repatriation, disinvestment, and outbound investments despite steady inflows.
Big US companies pause AI experiments as token costs climb
Skyrocketing costs of AI token usage are forcing companies to curb experimentation, with some exceeding annual budgets in months and seeking cheaper or more efficient alternatives.
Asian markets rise as US Iran extend 60 day ceasefire
Asian stocks climbed as the MSCI Asia Pacific Index rose 0.7%, with Japan's Nikkei 225 and South Korea's KOSPI surging over 1.50% following US-Iran ceasefire extension optimism.
Coca-Cola India launches Halftime Surprise campaign with Google Gemini
Coca-Cola India introduces “Coca-Cola Halftime Surprise,” an AI-powered interactive experience leveraging Google Gemini technology to offer personalised entertainment and rewards.
RBI to test polymer banknotes to curb rising printing costs
The Reserve Bank of India is set to launch a pilot programme for polymer banknotes, citing their durability and cost efficiency amid rising cash demand and printing expenses.
Glean hits $300 million ARR after tripling revenue in 15 months
Glean has surpassed $300 million in annual recurring revenue, tripling its growth in just 15 months, as enterprises embrace its AI tools to slash escalating AI computing costs.
Hemendra Kothari, Mukul Agrawal and Madhusudan Kela suffer Q1 losses
Top Indian investors faced significant portfolio declines in Q1, with Hemendra Kothari and Mukul Agrawal seeing over 25% drops amid a sharp market downturn in March.
Government revives IDBI privatization with Fairfax and Emirates NBD bids
The Centre is revisiting the stalled privatisation of IDBI Bank, exploring legal provisions to consider earlier bids below the reserve price as it seeks to boost non-tax revenues.
Google Cloud integrates Gemini AI into India long-term contracts
Google Cloud India leverages its Gemini AI suite to secure long-term enterprise contracts, challenging rivals Amazon and Microsoft in the rapidly growing Indian cloud market.
Pfizer and Innovent sign $10.5 billion cancer therapy development deal
Pfizer and China’s Innovent Biologics signed a global agreement worth up to $10.5 billion, including a $650 million upfront payment, to develop 12 oncology programs.
Zepto wins SEBI nod for $1 billion IPO, shares fall
Zepto's unlisted shares have plunged 30% since April, falling from Rs 58 to Rs 42, even as the company gears up for its highly anticipated IPO.
Income Tax Department unveils Income Tax Act 2025 in Gurugram
The Income Tax department hosted “Prarambh 2026” in Gurugram to educate stakeholders on the new Income-tax Act, 2025, focusing on global taxation and compliance.
Copper hits 2-week high after U.S.-Iran cease-fire news on LME
Copper prices surged to a two-week high as reports of a tentative US-Iran truce raised hopes for easing Middle East tensions and improved global economic stability.
Gold jumps after US and Iran reach 60-day cease-fire memorandum
Gold prices surged over 1% on Thursday, recovering from a two-month low, as news of a 60-day ceasefire extension between the U.S. and Iran boosted market sentiment.
Reliance Brands sales jump 45% to 3,494cr, losses halved
Reliance Brands (RBL) achieved a 45% sales growth in FY26, reaching ₹3,494 crore, while halving its net losses to ₹137 crore year-on-year.
SHFE designing AI token derivatives, CME/ICE pursue GPU rental futures
Major exchanges are developing futures markets for AI tokens, enabling businesses and investors to hedge costs as demand for compute and AI services surges globally.
Anthropic raises $65B, valued $965B, overtakes OpenAI via Claude chatbot
Anthropic has raised $65 billion in a Series H round, pushing its valuation to $965 billion, surpassing OpenAI and solidifying its position in the competitive AI sector.
SpaceX, OpenAI IPOs could spark US investment wave in India
The upcoming mega-IPOs of SpaceX, OpenAI, and Anthropic are likely to spark a wave of retail investment from India into US equities.
Why Japan has suspended Indian mango imports
Japan has suspended the import of Indian mangoes for the 2026 season, following an inspection in March.
How much PF savings can you withdraw using UPI
The Employees' Provident Fund Organisation (EPFO) is gearing up to make it easier for subscribers to access their provident fund savings.
Ace investor Vijay Kedia wants LTCG tax on equities scrapped
Veteran investor Vijay Kedia has urged Finance Minister Nirmala Sitharaman to abolish the long-term capital gains (LTCG) tax on listed equities.
Vedanta plans $20B capex as demerged firms prepare for listing
Anil Agarwal, the chairman of Vedanta Group, has announced that all four demerged entities of the company will be listed independently within a month.
OpenAI Foundation commits $250M to tackle AI-driven job disruption
The OpenAI Foundation has announced a major investment of $250 million to help workers and economies deal with the disruption caused by artificial intelligence (AI).
Trump sues WSJ for $10B over Epstein report
US President Donald Trump has refiled a defamation lawsuit against the Wall Street Journal (WSJ) for at least $10 billion.
Microsoft inks $9.7B software deal with US military
The US Department of Defense (DoD) has signed a five-year, $9.69 billion contract with tech giant Microsoft.
Boeing is ramping up 737 Max production again
Boeing has received the green light from the Federal Aviation Administration (FAA) to ramp up its production of 737 Max jets.
Australia sues 3M over 'forever chemicals' contamination in firefighting foam
The Australian government has filed a lawsuit against multinational conglomerate 3M, seeking damages of over $2 billion.
Bitcoin hits 5-week low
Bitcoin, the world's largest cryptocurrency, has hit its lowest level since April 20.
Gift Nifty crashes 2%, signaling bloodbath at Dalal Street tomorrow
The Indian stock market is likely to open significantly lower on Friday, with the Gift Nifty 50 index futures plummeting by 1.7% to 23,580.
NVIDIA CEO to join advisory board of China's top university
NVIDIA CEO Jensen Huang has accepted an invitation to join the advisory board of Tsinghua University's School of Economics and Management (SEM).
Ather Energy enters insurance business with new subsidiary
Ather Energy, a leading electric two-wheeler manufacturer, has announced its foray into the insurance sector. The company has formed a wholly-owned subsidiary called Ather Insurance Limited.
Gold hits 2-month low as US-Iran tensions escalate
Gold prices have hit a two-month low on Thursday, due to fresh US attacks on Iran.
Meta to lay off 1,400 employees in Washington
Meta, the parent company of Facebook, is all set to lay off nearly 1,400 employees across Washington state.
Oil prices rebound as US-Iran tensions escalate
Oil prices have rebounded sharply after a more than 5% drop on Wednesday.
Hong Kong is now world's biggest cross-border wealth hub
Hong Kong has surpassed Switzerland to become the world's largest cross-border wealth hub, according to a Boston Consulting Group (BCG) report.
Air India Express offering up to 50% off on fares
Air India Express has launched a major sale, dubbed 'Xpress Sale,' offering up to 50% off on Lite and Value fares.
Indian competition watchdog's ₹202cr fine on Amazon quashed by SC
The Supreme Court has overturned the Competition Commission of India's ₹202 crore fine on Amazon.
SC upholds retrospective 28% GST on online gaming in India
The Supreme Court has upheld the Indian government's decision to impose a retrospective Goods and Services Tax (GST) of 28% on online gaming companies.
How Byju Raveendran lost a $22B empire
Byju Raveendran, the founder of India's largest edtech company BYJU'S, has been sentenced to six months in prison by a Singapore court.
Jio launches OTT pass with 15 services for ₹200
Reliance Jio has launched a new prepaid add-on plan, the OTT Pass, for ₹200.
HDFC Bank denies offering differential interest rates on deposits
HDFC Bank has refuted allegations of misconduct in its internal audit and governance processes.
Zee Entertainment shares surge after FIFA World Cup broadcast bid
Shares of Zee Entertainment Enterprises surged nearly 12% to ₹92.41 today.
Vande Bharat trains might soon ply in Bangladesh, Nepal, Africa
India is looking to export its flagship Vande Bharat trains to other countries, especially those with aging railway systems.
Liquor giant Pernod Ricard facing tax evasion probe in India
India's customs authorities are investigating French liquor giant Pernod Ricard over alleged tax evasion.
Adani Power now has higher market cap than Infosys
Adani Power has overtaken IT giant Infosys in terms of market capitalization.
SBI Funds Management to launch its ₹13,000cr IPO by July
SBI Funds Management, India's largest asset manager, is gearing up for an initial public offering (IPO) to raise around ₹13,000 crore.
Air India cuts domestic flights from June
Air India has announced a temporary reduction in its domestic flight operations from June to August 2026.
NVIDIA to invest $150B annually in world's AI epicenter
NVIDIA, the world's most valuable company, has announced its plan to invest a whopping $150 billion annually in Taiwan.
Micron becomes latest chipmaker to hit $1 trillion valuation
Micron Technology Inc. has become the latest chipmaker to hit a market capitalization of over $1 trillion.
SpaceX wins $2.3B satellite communication contract from US Space Force
The US Space Force has awarded a massive $2.29 billion contract to SpaceX.
Samsung to spend $1.5B on semiconductor testing plant in Vietnam
Samsung Electronics plans to invest $1.5 billion in Vietnam to establish a semiconductor testing plant.
You can soon use Starlink on your American Airlines flight
American Airlines has announced its plan to install SpaceX's Starlink Wi-Fi on over 500 of its narrow-body Airbus aircraft.
Why FirstCry parent's shares are down 50% from issue price
Brainbees Solutions, the parent company of e-commerce platform FirstCry, has witnessed a major drop in its share value.
Vodafone Idea shares hit 52-week high today: What's the reason?
Vodafone Idea's shares hit a 52-week high for the sixth consecutive session today.
Byju Raveendran breaks silence after Singapore jail order
Byju Raveendran, the founder of Indian edtech company BYJU'S, has been sentenced to six months in jail by a Singapore court.
Musk considers merging SpaceX and Tesla
Elon Musk is gearing up to take SpaceX, his second trillion-dollar company, public. The move will likely make him the head of two of the 10 most valuable US companies.
AI boom just created a company bigger than Berkshire Hathaway
SK Hynix, the South Korean semiconductor firm, has crossed a major milestone by hitting a market capitalization of over $1 trillion.
Gold, silver prices rise on geopolitical tensions, dollar's weakness
Gold and silver prices witnessed an uptick on Wednesday, driven by a weaker US dollar and ongoing geopolitical tensions in West Asia.
China's factory profits hit 2-year high
China's industrial sector has witnessed a surge in profits, with a 24.7% jump in April compared to the same month last year.
Samsung union approves deal offering ₹3cr bonus per chip worker
Samsung Electronics' largest union has approved a compensation deal, averting a potential strike that could have disrupted the global chip supply chain.
Byju Raveendran sentenced to 6 months in Singapore jail
Byju Raveendran, the founder of Indian edtech firm BYJU'S, has been sentenced to six months in prison by a Singapore court.
This Zomato loophole may help you avoid platform fee, commission
A viral post on X has raised concerns over a possible loophole in Zomato's delivery system.
Why British oil giant BP has fired its chairman
British oil giant BP has sacked its Chairman Albert Manifold with immediate effect.
Maruti Suzuki wants its employees to work-from-home wherever possible
Maruti Suzuki, India's largest car manufacturer, has announced a series of measures in light of Prime Minister Narendra Modi's call for austerity.
LinkedIn moves NCLAT against ₹27L penalty imposed by RoC
LinkedIn, the professional networking platform owned by Microsoft, has challenged a penalty imposed by India's Registrar of Companies (RoC).
You can soon snack on Pokemon in India
Snack brand Taali has announced a partnership with The Pokemon Company, marking its presence in India's fast-growing snacking category.
India Semiconductor Mission launches online portal: How it helps investors
The India Semiconductor Mission (ISM), a part of the Ministry of Electronics and Information Technology (MeitY), has launched an online "Investors Support" portal.
India's solar projects have to use locally-made cells from June
The Ministry of New and Renewable Energy (MNRE) has announced that new solar power projects in India will need to use approved, domestically made solar cells from June 1, 2026.
Tata Sons concludes crucial board meeting amid governance concerns
The board of directors at Tata Sons, the holding company of the salt-to-software conglomerate, met today.
Soybean prices jump 41%, forcing Indian traders to cancel exports
Indian traders have canceled 25,000 metric tons of soymeal export contracts for the first time since 2021.
Why AI boom is quietly hurting Indian rupee
Mahesh Nandurkar, MD and Head of India Research at Jefferies India, has said that the weakening Indian rupee is more a result of declining capital inflows than the current account deficit (CAD).
Why Ferrari shares tanked 6% after Luce EV reveal
Ferrari's shares took a major hit on Tuesday, falling by over 6% after the company unveiled its first-ever fully electric vehicle (EV), the Luce.