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CambrianEdge.ai report: 18% abandoned AI projects as collaboration fails
Nearly 18% of organisations have abandoned AI projects due to quality and adoption failures, with inadequate human-AI collaboration emerging as a key obstacle, a report reveals.
Central government employees and pensioners seek ₹69,000 minimum pay
A central government employee body has proposed a 3.83 fitment factor and a minimum salary of Rs 69,000, potentially leading to significant pay hikes under the 8th Pay Commission.
Prime Day deals continue through June 27 starting at $10
Snag post-Prime Day deals on fashion, beauty, and home essentials starting at just $10. Highlights include a $14 maxi dress, $15 wireless bra, and $10 collagen cream.
JPMorgan Chase loses last women CEO contenders as co presidents
JPMorgan once positioned two women as potential successors to CEO Jamie Dimon, but recent management changes have left no female candidates in the running for the top role.
Amit Shah launches India's 1st driver-owned Bharat Taxi in Gujarat
Union Home Minister Amit Shah inaugurated Bharat Taxi, India's first driver-owned ride-hailing platform, in Gujarat, initially rolling out services across 14 major cities.
Auroactive Pharma completes FDA inspection, 2 observations in Andhra Pradesh
Aurobindo Pharma's subsidiary, Auroactive Pharma, completed a US FDA inspection at its Andhra Pradesh facility with two observations, which the company plans to address promptly.
Iran offers discounted crude to India after US sanctions waiver
After a recent sanctions waiver from Washington, multiple middlemen have started offering discounted Iranian oil to Indian refiners.
Airbus secures $9.3B order for 25 A330neo jets from China
Airbus has bagged a major deal with China Eastern Airlines, which is a partially state-owned carrier.
Steel imports from China, Japan, Russia facing anti-dumping investigation
India has launched an anti-dumping investigation into hot-rolled steel imports from China, Japan, and Russia.
Piyush Goyal unveils 1,000 advisors for CETA, targets £25.5 billion
Union Minister Piyush Goyal revealed plans to deploy 1,000 advisory personnel nationwide to help businesses leverage India-UK CETA advantages.
ITC chairman Sanjiv Puri earned ₹23.91cr in FY26 down 6.8%
Sanjiv Puri, ITC Chairman and Managing Director, saw his total remuneration drop by 6.8% to Rs 23.91 crore in FY26, driven by reduced performance bonuses and long-term incentives.
FSSAI puts SAJ food products on notice over atta labeling
FSSAI has issued a notice to SAJ Food Products over alleged misleading claims on its “Eat Fit Digestive Biscuits,” citing discrepancies in labeling and marketing practices.
BlackRock's IBIT loses $860 million as Bitcoin ETFs suffer $1.3B outflows
Bitcoin ETFs saw over $1.3 billion in withdrawals last week, contributing to a staggering $4.5 billion outflow this year as investors retreat amid a deepening crypto slump.
Income tax filing deadlines ITR-1/ITR-2 July 31 businesses August 31
The ITR filing deadlines for FY 2025-26 vary by taxpayer category, with salaried individuals due by July 31, 2026, and non-audit business cases extended to August 31, 2026.
Apple Vision Pro chief leaves for OpenAI
Paul Meade, Apple's Vice President and head of the Vision Pro headset and smart glasses division, is leaving the tech giant to join OpenAI, according to Bloomberg.
Why shelf-life rules for imported drugs might be relaxed
The Indian government has proposed a major change in the shelf-life requirement for imported medicines.
Novak Djokovic is now advisor to a private equity firm
Tennis legend Novak Djokovic has been appointed as a global strategic advisor by private equity firm General Atlantic.
US judge refuses to dismiss criminal case against Gautam Adani
A US judge has denied an immediate dismissal of the criminal case against Indian billionaire Gautam Adani.
OpenAI names Uber's Prabhjeet Singh as India MD
OpenAI has appointed Prabhjeet Singh, former President of Uber India and South Asia, as its new Managing Director for India.
China's industrial profits rise 21.1% in May amid weak demand
China's industrial profits rose 21.1% in May, driven by factory output and exports, despite slowing growth and weak domestic demand highlighting structural economic imbalances.
Persistent Systems to buy Nagarro SE for €81 per share
Persistent Systems will acquire German firm Nagarro SE for €81 per share, creating a $2.9-billion AI-led engineering services company with over 46,000 employees globally.
Apple seeks US approval to buy chips from blacklisted CXMT
Apple is lobbying the Trump administration to source memory chips from China's CXMT, despite Pentagon restrictions, aiming to mitigate financial strain from soaring chip costs.
ICAI launches advanced AICA Level 3 certification in New Delhi
ICAI inaugurated the AI Innovation Summit 2026 in New Delhi, unveiling the AICA Level 3 certification and signing an MoU with Sarvam AI to enhance AI training and research.
SpaceX set to join Nasdaq-100 July 7, $4.3B inflows possible
SpaceX's inclusion in the tech-heavy Nasdaq 100 index is expected to drive $4.3 billion in passive inflows, boosting its stock as ETFs replicate the index's performance.
President Trump threatens 100% tariffs on countries taxing American tech
A digital services tax is a levy on revenue earned by tech companies within a country. Trump opposes it, threatening 100% tariffs on nations implementing such taxes.
US judge asks DOJ why it dropped Adani fraud charges
A US judge has demanded further justification from the Justice Department for dropping criminal charges against Indian billionaire Gautam Adani, delaying an immediate dismissal.
India's biggest IT firms spent $6.8B, only $300 million on cybersecurity
Indian IT firms have invested just 4.4% of their acquisition spending on cybersecurity since 2020, while global rival Accenture aggressively expands its cyber defence portfolio.
S&P Global Ratings keeps US at AA+ citing steady growth
S&P Global Ratings maintained the US sovereign credit rating at AA+ with a stable outlook, citing economic resilience and stable fiscal deficits despite high debt levels.
FTC approves Elon Musk acquisition of Mesh Optical Technologies
The FTC has expedited its antitrust review, allowing Elon Musk to proceed with acquiring Mesh Optical, a startup founded by former SpaceX engineers.
West Asia conflict hits India's semiconductor timelines, experts warn
India's semiconductor projects, including Tata Electronics' Dholera fab, face potential delays as the West Asia conflict disrupts supply chains for critical materials and gases.
Power cuts and diesel limits squeeze India's small businesses
India's MSMEs face production disruptions due to frequent power cuts and restricted diesel purchases, exacerbated by the ongoing West Asia conflict and rising energy costs.
Tata Sons FY26 rebound: nearly ₹42,000cr income, around ₹32,000cr profit
Tata Sons reported a net profit of ₹32,000 crore in FY26, recovering from the previous year’s decline, while doubling its dividend payout to Tata Trusts to over ₹3,000 crore.
United States considers raising tariffs on Indian goods to 25%
The US Treasury has signaled a potential return to pre-adjusted tariff rates, as India negotiates for competitive advantages in a new trade deal with Washington.
Alphabet joining Dow Jones June 29 in S&P Global shakeup
Alphabet, Google's parent company, will replace Verizon in the Dow Jones Industrial Average on June 29, reflecting the index's shift toward technology and digital businesses.
Swatch seeks $170M from Samsung in smartwatch design dispute
Swiss watchmaker Swatch has filed a lawsuit against South Korean tech giant Samsung, seeking $170 million in damages.
Volkswagen eyes 100,000 job cuts, factory closures
Volkswagen AG, the parent company of Porsche and Audi, is planning a major restructuring.
Why fuel prices in India are unlikely to drop soon
State-run oil marketing companies (OMCs) are not expected to reduce retail fuel prices anytime soon.
Ex-Meta employee sues company over bid to silence her
Former Meta employee Sarah Wynn-Williams is suing the tech giant for its attempts to "silence" her.
South Korea's Kospi index tumbles 8% as AI-driven sell-off deepens
South Korea's stock market has become a prime example of how the artificial intelligence (AI) boom is reshaping global equities.
Goldman Sachs raises India's growth forecast to 6.8%
Goldman Sachs has raised its real GDP growth forecast for India to 6.8% for the calendar year 2026, up from its previous estimate of 6.5%.
Noida International Airport to triple flight operations from July
Noida International Airport (NIA) will nearly triple its flight operations from July 1.
Chip maker Micron briefly surpasses Meta, Tesla in market value
Micron Technology, the leading US memory-chip manufacturer, has briefly surpassed tech giants Meta Platforms and Tesla in market capitalization.
'It seemed absurd': BigBasket co-founder on early doubts about quick-commerce
BigBasket co-founder Hari Menon has admitted that he was initially skeptical about the concept of quick commerce.
Crude oil prices fall nearly 2% on easing supply concerns
Crude oil prices witnessed a nearly 2% decline on Friday, heading for a sharp weekly loss.
Parliamentary panel to meet RBI on crypto regulations in India
India's Parliamentary Standing Committee on Finance will meet with officials from the Reserve Bank of India (RBI) on July 2, 2026.
Pocket FM CEO breaks silence on microdrama app shutdown
Pocket FM, a leading audio entertainment company, recently announced the shutdown of its microdrama vertical, Pocket TV.
AI won't cause job apocalypse, but disruption expected: Goldman Sachs
A recent report by Goldman Sachs has downplayed fears of an impending "AI job apocalypse," despite the rapid development of artificial intelligence (AI) technology.
GIFT Nifty drops 150+ points amid global AI stock sell-off
The GIFT Nifty, an early indicator of Indian equity market performance, has witnessed a sharp decline of over 150 points.
Delhi HC orders Meesho to remove fake Jockey listings
The Delhi High Court has ordered e-commerce giant Meesho to remove product listings that allegedly violate the trademark of American innerwear and apparel brand Jockey, according to Bar & Bench.
Why OpenAI is delaying its IPO to 2027
OpenAI, the company behind the popular AI chatbot ChatGPT, is considering delaying its initial public offering (IPO) until 2027, according to The New York Times.
CRED introduces AI coach to help users understand credit scores
Fintech platform CRED has launched an innovative artificial intelligence (AI)-powered credit coaching feature.
JPMorgan promotes two veterans in race to succeed Jamie Dimon
JPMorgan Chase has announced a major management overhaul, promoting two of its long-serving executives, Troy Rohrbaugh and Doug Petno, as co-presidents.
SoftBank shares slide 13% amid reports of OpenAI IPO delay
SoftBank Group Corp's shares fell by as much as 13% on Friday.
Om Malik, a legendary tech journalist, passes away at 59
Om Malik, the founder of technology-focused analyst firm and media company Gigaom, has died at the age of 59. He breathed his last on June 24 at Stanford Hospital.
Government lifts all curbs on commercial LPG supply
The Ministry of Petroleum and Natural Gas has announced the removal of all sectoral restrictions on the supply of non-domestic packed LPG and restored supplies to the levels prevailing prior to the West Asia crisis.
EU approves tariff measures to implement trade deal with US
The European Union (EU) has approved two regulations to implement tariff commitments under the EU-US Joint Statement of August 21, 2025.
Disney pays $50M to settle claims it inflated streaming costs
The Walt Disney Company has agreed to a $50 million settlement with subscribers of YouTube TV and DirecTV's live TV streaming services.
Ferrari's marketing chief leaves amid Luce controversy
Ferrari's Chief Marketing and Commercial Officer Enrico Galliera has decided to leave the company after 16 years of service.
This Indian-origin CEO is the world's second-highest-paid executive after Musk
Shankh Mitra, an Indian-origin executive, has been named the world's second-highest-paid CEO by the Wall Street Journal.
Why metal stocks are falling despite broader market rally
Metal stocks continued their downward trend for the third consecutive session, with a nearly 5% decline overall today.
LIC CFO Sunil Agrawal resigns, cites 'better prospects'
Sunil Agrawal, the Chief Financial Officer (CFO) of Life Insurance Corporation of India (LIC), has resigned from his position. The development was announced in a regulatory filing.
Amazon CEO meets Modi, announces additional $13B India investment
Amazon CEO Andy Jassy has announced a massive $13 billion investment in India. The announcement was made during his meeting with Prime Minister Narendra Modi on Thursday.
Adani launches 'Vande Bharatam' to scout innovators across India
Gautam Adani, the Chairman of the Adani Group, has launched 'Vande Bharatam,' a national initiative aimed at discovering and nurturing innovators and entrepreneurs from all parts of India.
India could grow over 7% this year: RBI MPC member
Nagesh Kumar, an external member of the Reserve Bank of India (RBI)'s monetary policy committee, has hinted that India could grow by over 7% this year.
EPFO services to remain unavailable from June 26-28: Here's why
The Employees' Provident Fund Organisation (EPFO) has announced a temporary suspension of services on its member portal from June 26 to June 28.
Rajesh Exports hits lower circuit amid ED probe
Shares of Rajesh Exports, a leading gold refining and jewelry manufacturer, hit the 5% lower circuit on Thursday.
Defense firm Anduril in talks to buy Nissan's Japanese plant
US-based defense contractor Anduril Industries is in talks to acquire Nissan Motor's Oppama assembly plant, located near Tokyo, according to Reuters.
Publishers sue Microsoft, OpenAI over alleged content scraping
OpenAI and Microsoft have been slapped with a lawsuit by a group of publishers that own nearly 400 newspapers.
Sensex jumps over 750 points: What's driving the market rally?
India's benchmark equity indices, the Sensex and Nifty, have witnessed a surge today.
Anthropic's negotiations with Trump administration improve after CEO exits talks
Anthropic, a leading artificial intelligence (AI) company, is making headway in its negotiations with the Trump administration.
Bitcoin falls below $60,000, hits lowest since October 2024
Bitcoin has fallen below the key $60,000 mark on Wednesday, hitting a low of around $59,000. This is its lowest price since October 2024.
Gold prices hit 7-month low: What's behind the decline?
Gold prices have hit a more than seven-month low, weighed down by a stronger US dollar.
Qualcomm unveils AI chip, signs Meta as first customer
Qualcomm's stock price skyrocketed by 15% in after-hours trading on Wednesday.
Lockheed Martin wins $35B Pentagon deal to boost THAAD production
Lockheed Martin has been awarded a contract worth up to $35 billion by the Pentagon.
Oil drops below $70 for first time since US-Iran war
Crude oil prices have fallen below $70 per barrel for the first time since the start of the Iran-US war in late February 2026.
Swiggy Instamart's COO and CBO have left the company
Swiggy's quick commerce division, Instamart, is witnessing a major leadership overhaul with the resignations of its Chief Operating Officer (COO) Ankit Jain and Chief Business Officer (CBO) Hari Kumar, as per Moneycontrol.
PFRDA launches 'Pension Sahayak' portal for NPS subscribers
The Pension Fund Regulatory and Development Authority (PFRDA) has launched an artificial intelligence (AI)-powered portal, 'Pension Sahayak.'
Trade deal with India 'very, very close,' says US official
The United States and India are "very, very close" to finalizing a landmark bilateral trade deal.
Noel Tata is stepping down as Trent chairman
Noel Tata has announced his decision to retire as the chairman of Trent Ltd bringing an end to his nearly three-decade-long association with the company.
Amazon Now to expand to 300 Indian cities
Amazon has announced plans to expand its ultra-fast delivery service, Amazon Now, to over 300 cities in India.
How one conversation led Kunal Shah to become WhatsApp's head
Meta Platforms Inc. has appointed Kunal Shah, the founder of fintech start-up CRED and one of India's most prominent angel investors, as the new global head of WhatsApp.
Korean chip giant SK Hynix is about to raise $29B
South Korea's chip giant, SK Hynix, is all set to raise a whopping $29.43 billion through American Depositary Receipts (ADRs) on the Nasdaq exchange.
BSNL is now looking for a chairman: How to apply
The Department of Telecommunications (DoT) has invited applications for the Chairman and Managing Director (CMD) position at state-owned Bharat Sanchar Nigam Ltd (BSNL).
Indian IT sector's Nifty share at record-low: What's the reason?
India's information technology (IT) sector is witnessing a major decline in its dominance on the country's stock market.
Adani to demerge its incubating businesses from FY28 onward
The Adani Group has announced plans to demerge its incubating businesses from FY28 onward.
TVS-Hyundai bet on AC electric autos with new ride-hailing service
TVS Motor Company and Hyundai Motor Company have expanded their partnership from vehicle development to mobility services.
Swarnagiri, India's first private gold mine, begins operations
Andhra Pradesh has inaugurated India's first private gold mining project, Swarnagiri (formerly Jonnagiri), in Kurnool district.