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RBI shuts National Urban Cooperative Bank Pratapgarh, registrar handling liquidation
The Reserve Bank of India (RBI) has cancelled the licence of National Urban Cooperative Bank Ltd., Pratapgarh due to weak financials and regulatory non-compliance.
March gold ETF inflows fall 56% to ₹2,266cr from ₹5,255cr
A sudden fall in precious metal prices led to a 56% decrease in gold exchange-traded fund (ETF) inflows in March, scaring off investors.
Gallup 2026: Indian employee engagement falls to 23% from 30%
A recent report reveals a significant decline in the percentage of Indian employees who feel engaged at work, dropping from 30% in 2025 to 23% in 2026.
Tata Sons upgrades Air India, hires over 17,000 staff
Tata Sons Chairman, N. Chandrasekaran, has stated that Air India is at a critical stage in its transformation journey, despite facing operational challenges.
Natarajan Chandrasekaran says Tata Sons will make Air India global
Tata Sons Pvt. Ltd. Chairman, Natarajan Chandrasekaran, reaffirms the company's commitment to transforming Air India Ltd. into a world-class airline despite recent challenges.
Survey of 159 economists finds AI could lower employment rates
Economists are increasingly considering the potential for extreme AI disruption in job markets, despite previous beliefs that such a scenario was unlikely.
N Chandrasekaran urges Air India staff to prioritize cost efficiency
Tata Sons Chairman, N Chandrasekaran, has urged Air India employees to focus on cost control and service improvement amidst industry challenges.
YOO explores Pune and Kolkata projects amid recent enquiries
YOO, a global design and real estate brand, anticipates India becoming its largest market for branded residences due to increasing demand and new project proposals.
TeamLease Digital reports India applications doubled after 50,000 layoffs
Following major layoffs in 2026, applications for tech roles in India have surged up to 2x, intensifying competition among job seekers.
CoreWeave inks multi year deal to power Anthropic's Claude models
Cloud infrastructure firm CoreWeave has signed a multi-year agreement to provide AI startup Anthropic with cloud computing capacity, boosting its shares by over 5%.
US inflation rises 0.9% in March, largest since June 2022
US consumer prices saw a 3.3% increase in March, largely driven by high oil prices due to the ongoing conflict with Iran.
NSE to enable nanosecond acknowledgments in cash and equity derivatives
The National Stock Exchange of India (NSE) will introduce nanosecond-level order acknowledgement across all trading segments from April 11, enhancing speed and execution certainty.
US inflation hits 3.3% in March 2026 amid Iran blockade
US inflation surged by 0.9% in March due to the ongoing war with Iran, marking a 3.3% increase over the year and adding further uncertainty to the American economy.
Vietnamese Vingroup signs MOU exploring $6.5B Maharashtra urban EV projects
Vietnam's Vingroup has signed an MOU with the Maharashtra government to explore strategic investments worth approximately $6.5 billion across various sectors in the state.
Anant Ambani plans Vantara University in Jamnagar for wildlife conservation
Anant Ambani's Vantara has unveiled plans for a wildlife conservation and veterinary sciences university in Jamnagar.
TCS reports 1st-ever revenue decline since going public in 2004
Tata Consultancy Services (TCS) has reported its first-ever decline in revenue growth since going public in 2004.
Indian mutual fund SIPs set record ₹32,087cr amid 53L-plus stoppages
The stoppage ratio for mutual fund Systematic Investment Plans (SIPs) soared to 100% in March, despite contributions reaching a record high of Rs 32,000 crore.
Pune's Vishal Nirmiti gets SEBI nod to launch ₹125cr IPO
Pune-based PSC sleeper manufacturer, Vishal Nirmiti, has received approval from SEBI to launch its IPO. The company plans to raise Rs 125 crore through this offering.
Vedanta questions lenders' Adani Group pick for JAL despite 17000cr
Vedanta Ltd alleges that the bidding process for the insolvency case of Jaiprakash Associates was skewed in favor of Adani Group, despite Vedanta submitting a higher bid.
India's foreign exchange reserves rise $9.06 billion to $697.12 billion
India's foreign exchange reserves rose by $9.06 billion in the week ending April 3, reaching a total of $697.12 billion, indicating financial stabilization.
Nandan Reddy to quit Swiggy and start new venture
Swiggy's co-founder, Nandan Reddy, is set to leave the company to start his own venture. Concurrently, the food delivery giant is also reshuffling its board members.
India becomes 2nd largest diamond jewelry market, De Beers says
India has emerged as the world's second-largest diamond jewellery market, capturing a 12% global share, surpassing both China and Japan.
Oil nears $100 as Hormuz disruption outweighs US-Iran ceasefire
Oil prices have surged toward $100 per barrel amid uncertainty over the US-Iran ceasefire.
Indian airlines seek government intervention Dubai caps foreign flights
Dubai has imposed a restriction on international flights, allowing only one daily flight from foreign carriers to its airports until May 31.
TotalEnergies pauses SATORP refinery operations in Saudi Arabia after attacks
TotalEnergies has ceased operations at a major Saudi Arabian refinery, SATORP, following damage from recent Middle East conflicts.
Meta, Amazon and Google back modular nuclear for AI power
Big Tech firms like Meta, Amazon, and Google are financially backing new nuclear technologies to power their AI data centers, reshaping the sector's funding landscape.
Jaypee founder calls Adani takeover 'fair', backs resolution process
Jaiprakash Gaur, the founder of the Jaypee Group, has backed the Adani Group's successful bid to acquire assets of bankrupt Jaiprakash Associates Ltd (JAL).
India revisits 2026-27 tax target of ₹44L/cr amid global tensions
The West Asia crisis, high crude prices, and slower growth are forcing the government to reassess FY27 tax targets due to potential revenue losses.
Shapoorji Mistry backs Tata Sons listing, calls it 'necessary evolution'
Shapoorji Pallonji Mistry has reiterated his support for the timely listing of Tata Sons. He called it a "necessary evolution" for the group and not just a regulatory compliance.
BoE's Andrew Bailey warns Iran war could trigger 2008 crisis
Bank of England Governor, Andrew Bailey, warns that the Iran war could potentially trigger a financial crisis akin to 2008 by bursting the $3 trillion private credit market bubble.
S&P Global says West Asia conflict will slow global growth
The ongoing conflict in West Asia is expected to slow global economic growth to 3.2% in 2026, marking the largest energy shock on record, says S&P Global.
India commits to 100GW nuclear by 2047, Nikhil Nigania says
Despite delays in transitioning to thorium-based energy, India can still achieve its 100 GW nuclear capacity target by 2047, says Bernstein's Nikhil Nigania.
US trade court hears challenge to Trump's global 10% tariff
The U.S. trade court is set to review the legality of a 10% global import tax imposed by the Trump administration, which is contested by several states and small businesses.
RBI to require banks report 70% of global rupee derivatives
India is set to enforce a proposal requiring banks to report offshore rupee derivative trades, despite resistance from lenders, aiming for market transparency.
India set to receive $137bn to $140bn in FY26 remittances
Remittances to India are projected to reach a record $137-140 billion in FY26, as per an SBI Research report. This surge is attributed to escalating tensions in West Asia.
OpenAI loses key Stargate executives as data center project slows
OpenAI is seeing some key exits from its AI infrastructure team.
Shapoorji Pallonji Mistry calls Tata Sons listing necessary evolution
Shapoorji Pallonji Mistry has emphasized the importance of a timely listing of Tata Sons, stating it would enhance corporate governance and transparency, and serve public interest.
TCS CEO K Krithivasan says AI fears overblown, urges adaptation
Tata Consultancy Services (TCS) CEO, K Krithivasan, refutes claims of AI posing a threat to IT majors, posting $2.3 billion in AI revenue for FY26.
Pepperfry opens 1st factory outlet in Pune for offline shoppers
Pepperfry, a leading online furniture retailer, has opened its first factory outlet in Pune, India, enhancing its offline presence and customer experience.
Rupee's 11% FY2025-26 slide erases Nifty gains in US dollars
Despite a 40% rise since 2021, the Nifty has delivered zero returns in dollar terms due to rupee depreciation and foreign investor outflows.
Gold ₹1.52L per 10g, silver ₹2.42L per kg on MCX
Gold and silver prices on the Multi Commodity Exchange (MCX) fell due to a firm dollar, despite increasing demand in India ahead of Akshaya Tritiya.
Mutual fund SIP inflows hit record ₹32,000cr in March
Mutual fund Systematic Investment Plan (SIP) inflows have hit a new high of ₹32,087 crore in March. This is an 8% increase from February's ₹29,845 crore.
Equity mutual fund inflows jump 56% to ₹40,450cr in March
In March, equity mutual fund schemes saw a 56% increase in inflows to ₹40,450 crore as investors capitalized on the sharp drop in market valuation.
ITDC shares rally 67% on sales under National Monetization Pipeline
India Tourism Development Corporation (ITDC) shares have skyrocketed 67% in seven sessions, driven by reports of asset monetisation and divestment of key hotel subsidiaries.
Tata Consultancy Services boosts AI push after beating expectations
Tata Consultancy Services (TCS) is intensifying its focus on artificial intelligence (AI) and infrastructure amidst a fluctuating demand environment.
Florida probes OpenAI over mass shooting, national security risks
Florida Attorney General James Uthmeier has announced an investigation into OpenAI.
SEBI uncovers Trdez Investment 2,950 cr Ponzi promising 10-12% returns
The Securities and Exchange Board of India (SEBI) has unearthed a Ponzi scheme worth Rs 2,950 crore, concealed behind a broking licence.
India waives rice export inspection certificate for 6 months
India has simplified export rules for basmati and non-basmati rice, allowing shipments to certain European countries without the usual inspection certificate for six months.
UPI payments above ₹10,000 may face 1-hour delay: Know why
The Reserve Bank of India (RBI) has proposed a one-hour delay for digital transfers over ₹10,000.
TCS posts higher margins, doubles down on AI investments
Tata Consultancy Services (TCS) leverages currency gains to expand margins, focusing on AI talent acquisition and strategic partnerships for a comprehensive ecosystem approach.
Ola Electric shares surge 70% in April: What's driving rally?
Ola Electric's shares have witnessed a remarkable recovery, surging by 70% so far in April.
Gold plunges 12% in March, biggest monthly drop since 2013
Gold prices witnessed their biggest monthly drop in over a decade, plummeting by 12% in March to $4,608 per ounce.
Groww hits record high after 18% rally: Hold or sell?
Billionbrains Garage Ventures, the parent company of Groww, has witnessed a sharp surge in its shares.
Gold falls 12% to $4,608 in March still up yearly
Gold prices experienced a sharp 12% decline in March, marking the steepest fall since June 2013, due to a global sell-off and shifting market momentum.
Piyush Goyal: India in talks with at least 20 nations
India is in discussions with 20 more countries to expand trade opportunities, according to Union Commerce and Industry Minister Piyush Goyal.
Sensex jumps over 800 points: What's driving today's rally?
The Indian stock market witnessed a strong rally on Friday, with the Sensex and Nifty indices gaining over 1% each.
IBC changes bar legacy claims after NCLT approves revival plans
The Insolvency and Bankruptcy Code (IBC) Amendment Act of 2026 provides a fresh start for companies by voiding old debt claims, enhancing the efficiency of debt resolution.
TCS AI revenue jumps to over $2.3 billion this quarter
Tata Consultancy Services (TCS) reveals that the shift from experimental to operational use of artificial intelligence (AI) is driving new deals and increasing technology spending.
World Bank projects India average growth of 7.1% for 2027-29
The World Bank predicts an average growth rate of 7.1% for India in FY28-FY29, despite the ongoing global energy crisis.
Ola Electric stock rebounds 70% in April on rising registrations
Ola Electric shares have surged 70% in April, rebounding after six consecutive months of losses, sparking speculation about whether the worst is over for the new-age stock.
Zerodha co-founder Nithin Kamath: GDP fails welfare in AI era
Zerodha co-founder, Nithin Kamath, reignites the debate on GDP's effectiveness as a measure of economic progress amid rapid technological disruption.
Bitcoin jumps past $71,000 to $72,819 amid easing economic worries
Bitcoin briefly hit a high of $72,819 before settling at $71,916 due to easing macroeconomic tensions and strong retail interest.
Charlotte Tilbury opens 1st India flagship at Nexus Select Citywalk
Charlotte Tilbury has launched its first flagship boutique in India, located in New Delhi and fully operated by beauty retailer Nykaa.
Indian rupee up 2.5% since late March after RBI curbs
The Indian rupee has emerged as Asia's top-performing currency following the Reserve Bank of India's crackdown on speculation.
TCS announces annual salary hike for all employees
Tata Consultancy Services (TCS) has announced an annual salary hike for its employees across all grades, effective from April 1, 2026.
Sensex up over 850 points to 77,501, Nifty crosses 24,000
The Indian stock market saw significant gains on Friday, with Sensex and Nifty both rising over 1%. This surge enriched investors by approximately ₹5 lakh crore.
SpaceX reports $5B loss ahead of record IPO
SpaceX, Elon Musk's space exploration company, has reported a staggering loss of nearly $5 billion for the year 2025.
Who is Harshita Arora, Y Combinator's youngest partner at 25?
In a major development for India's start-up ecosystem, Harshita Arora has been appointed as a General Partner at Y Combinator (YC), one of the most prestigious start-up accelerators in the world.
TCS shares slip 3.2% despite 12% Q4 net profit ₹13,784cr
Despite reporting a 12% YoY increase in Q4 net profit and robust deal wins, Tata Consultancy Services (TCS) saw its shares fall by 3.2%.
Perplexity launches 'Billion Dollar Build' contest with $1 million seed funding
AI startup Perplexity has launched a competition, offering $1 million to anyone who can build a billion-dollar company using its AI agent, Perplexity Computer.
Indian rupee up 10 paise to 92.41 against US dollar
The Indian Rupee rose 10 paise to 92.41 against the US dollar, despite facing potential risks from escalating global tensions.
Andy Jassy calls AI adoption faster than electricity and internet
Amazon's CEO, Andy Jassy, refutes claims of an artificial intelligence (AI) bubble, asserting the technology's rapid adoption and promising long-term returns.
Michael Dell warns AI data centers need 625x more memory
Dell's CEO, Michael Dell, warns that by 2028, the demand for AI memory could skyrocket by 625 times, potentially causing a significant surge in prices.
ADB forecasts India growth 6.9% in 2026, 7.3% in 2027
India's economic growth is predicted to drop to 6.9% in 2026, then rebound to 7.3% in 2027, as per the Asian Development Bank (ADB).
Cease-fire hopes lift Indian markets, Sensex up 534, ₹449L/cr
Indian stock markets witnessed a significant surge today, driven by optimism over an Iran-US ceasefire and other positive cues, adding Rs 4 lakh crore to market capitalization.
Rupee opens at 92.57 as RBI enforces $100 million cap
The rupee opened 10 paise higher at 92.57 against the dollar on April 10, amid looming RBI deadline for banks to unwind their arbitrage positions.
ADB cuts Asia growth to 5.1%, blames Middle East conflict
The Asian Development Bank predicts Asia's economic growth to slow to 5.1% this year and next due to the ongoing Middle East war.
RBI seeks feedback on authorized push payment scam safeguards
The Reserve Bank of India (RBI) has released a discussion paper proposing safeguards against rising digital payment frauds, inviting public feedback by May 8.
Microsoft's Satya Nadella starts 'Copilot code red' amid Anthropic competition
Nearly two years after Google's AI 'Code Red', Microsoft CEO Satya Nadella launches an emergency overhaul, aiming to enhance Copilot's performance and user experience.
Stanford study ranks Reliance Retail 7th with $100B valuation
Reliance Retail has been ranked seventh among the world's most valuable privately held, venture capital-backed companies, surpassing a $100 billion valuation.
TCS posts stable margins, big deals as brokers split
Brokerages maintain a positive outlook on Tata Consultancy Services' stock after Q4 results, citing stable margins, strong deal wins, and increasing AI contributions.
Indian markets poised higher as GIFT Nifty hints 60-point gain
GIFT Nifty trends suggest a promising start for India's broader index, with a 0.25 percent gain. Concurrently, Asian markets are also trading higher.
Berkshire Hathaway sells ¥272.3bn bonds after Warren Buffett stepped down
Berkshire Hathaway Inc. has sold ¥272.3 billion ($1.7 billion) of yen-denominated bonds, its first such transaction since Warren Buffett's departure as CEO.
Apple closing Towson store by June 2026, 1st US unionized
Apple Inc. has announced the permanent closure of its first unionized retail store in Towson, Maryland, due to declining mall conditions.
SpaceX reports nearly $5 billion 2025 loss despite $18.5B revenue
SpaceX reported a nearly $5 billion loss in 2025 despite strong revenue growth, largely due to investments in AI venture xAI and expansion plans ahead of its IPO.
Asian markets inch higher as tech meets US Iran talks
Asian stocks experienced a modest gain and oil prices rose as investors cautiously anticipate the upcoming US-Iran talks.
Oil rises Friday after attacks on Saudi energy sites
Oil prices experienced a significant increase after attacks on Saudi energy infrastructure and ongoing concerns over the Strait of Hormuz closure.
Indian government selects TCS, 5 firms for public services AI
The Indian government has chosen Tata Consultancy Services (TCS) and five other firms to develop and implement AI solutions across various departments.
India's IRDAI forms subcommittee to tackle claims pricing and fraud
The Insurance Regulatory and Development Authority of India (Irdai) has formed a sub-committee to address concerns and improve the health insurance sector.
Mint poll forecasts India retail inflation 3.4% by March 2026
India's retail inflation is expected to have increased marginally to 3.4% in March 2026, marking a 12-month high, according to a Mint poll of economists.
Iran war prompts Intercontinental Exchange to raise oil futures margins
The onset of the war in Iran has led to a significant increase in the cost of trading Brent crude and European diesel futures contracts.
upGrad integrates with Unacademy, Venkatesh Tarakkad and Srikanth Iyengar exit
upGrad, an online education platform, is experiencing high-level departures as it integrates Unacademy and prepares for a potential IPO next year.
Tata Consultancy Services posts FY2026 revenue dip amid AI focus
Despite a 2.4% decrease in constant-currency revenue, TCS remains hopeful due to strong AI-led momentum and a robust deal pipeline.
Oil gains 1% as Benjamin Netanyahu shares Lebanon peace plans
Oil prices increased by 1% amid volatile trading, as Israel announced plans for peace talks with Lebanon, despite ongoing Middle East tensions.
IMF to lower global growth outlook citing Middle East conflict
The International Monetary Fund (IMF) plans to cut global growth forecasts due to the Middle East war and provide up to $50 billion in financial assistance to affected countries.
RBI mulls scrapping IFR as government bond yields exceed 7%
The Reserve Bank of India's (RBI) proposed discontinuation of the Investment Fluctuation Reserve (IFR) could potentially increase banks' capital positions by up to 20 basis points.
RBI mandates same-day credit to accounts for forex-hour international remittances
The Reserve Bank of India (RBI) has mandated banks to credit foreign payments to accounts on the same business day, aiming to expedite remittances.
Anthony Armstrong exits as xAI CFO after stabilizing X finances
Anthony Armstrong, the Chief Financial Officer of xAI, has reportedly left the company, marking another high-level exit.
Iran ceasefire gives cautious relief to India pharma supply chains
The recent ceasefire in the Iran conflict may take months to rejuvenate India's pharmaceutical sector, with supply chains and drug prices slow to recover.
Lush launches in India on Myntra with Bilberry Brands
British cosmetics brand, Lush Cosmetics, has entered the Indian e-commerce market through a strategic partnership with Myntra.
'Sociopath, pathological liar', Musk agrees with claims about OpenAI CEO
Elon Musk has shared an interview with Robin Farrow, a journalist who wrote a controversial piece on Sam Altman, the CEO of OpenAI.
Sensex plunges 900 points, ends 5-day winning streak
The Indian stock market witnessed a major downturn today, with the BSE Sensex plummeting by over 900 points and the Nifty 50 index falling below the crucial level of 23,800.
World Bank upgrades India's FY27 growth outlook to 6.6%
The World Bank has revised India's growth forecast for the fiscal year 2026-27 to 6.6%, up from the earlier estimate of 6.3% made in October last year.
TCS Q4 profit jumps 29% to ₹13,718cr; revenue beats estimates
Tata Consultancy Services (TCS) has posted a stellar performance for the fourth quarter of FY26.
Planning to take loan for home renovation? Keep reading
In India, home renovation loans are a practical solution for homeowners looking to upgrade or repair their properties.
Foreign funds saw ₹10L crore drop amid Iran-US war
Foreign Portfolio Investors (FPIs) in Indian stocks suffered a massive loss of nearly ₹10 lakh crore in March 2025, owing to the escalating tensions between Iran and the US.
How much Meta pays its AI talent
Meta, the parent company of WhatsApp, is shelling out huge pay packages to attract top talent in artificial intelligence (AI).
Corporate fixed deposits: What they are actually
Corporate fixed deposits (FDs) are a popular investment option for those seeking stable returns.
Zerodha brings FDs to Coin app: How to invest
Zerodha, a Bengaluru-based discount broker, has expanded its investment platform by adding fixed deposits (FDs) to the Coin app.
GoPro to lay off 23% of its workforce
GoPro, the American action camera giant, is planning to lay off 145 employees globally. The move accounts for a major reduction of about 23% of its workforce.
US-Iran war to drag India Inc's profit by 20%
India's corporate earnings for the quarter ending March 2026 are likely to take a hit due to the war between US-Israel and Iran.
OpenAI to set aside some IPO shares for retail investors
OpenAI, the company behind ChatGPT, plans to reserve a portion of its upcoming initial public offering (IPO) shares for retail investors.
Russia slashes LNG prices by 40% for Asian buyers
In a bid to capitalize on the global natural gas supply crisis, Russia is trying to sell liquefied natural gas (LNG) from its US-sanctioned facilities to energy-starved South Asia.
Ola Electric shares surge 20%, defying weak market trend
Ola Electric Mobility's share price has witnessed a massive surge, rising over 16% in intraday trade to ₹35.27 today.
Meesho shares surge 14% while Sensex, Nifty trade in red
Shares of e-commerce giant Meesho have witnessed a massive surge of nearly 14% today, continuing their upward trend from earlier sessions.
Canva ramps up its AI push with fresh acquisitions
Canva has announced the acquisition of Simtheory and Ortto. The financial details of the deals have not been disclosed.
Disney to lay off 1,000 employees in latest cost-cutting move
Walt Disney is reportedly planning to lay off nearly 1,000 employees in the coming weeks. Many of these job cuts will come from the company's marketing department.
Court denies Anthropic's bid to block Pentagon blacklist
Anthropic's attempt to temporarily halt the Department of Defense's (DoD) blacklisting has been denied by a federal appeals court in Washington, D.C.
Sensex falls nearly 750 points: What's behind today's decline?
The Indian equity markets opened on a weak note on Thursday, with the Sensex and Nifty both witnessing profit booking after a sharp rally in the previous session.
Oil prices near $100 as Iran-US ceasefire remains uncertain
Oil prices rebounded on Thursday, after a steep 15% drop in the previous session.
Anthropic's tender offer falls short as employees hold shares
Anthropic, the artificial intelligence (AI) company behind Claude, has completed a secondary share sale that began earlier this year.
Gold, silver prices plummet over 3% today: Here's why
Gold and silver rates have witnessed a sharp decline today, falling by over 3%. The drop comes after two consecutive sessions of gains.
If you're a woman entrepreneur, keep reading
Accessing credit can be a daunting task for women entrepreneurs in India, often due to a lack of collateral and financial history.
Covered warrants: All about this unique investment option
Indian covered warrants are a unique investment option, providing an opportunity to trade in the underlying asset without owning it.