Business News
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AI blamed as Morgan Stanley cuts 3% of global staff
Morgan Stanley's recent round of layoffs, which affected 3% of its global workforce, is being attributed to the rise of artificial intelligence (AI) in the financial industry.
Iran conflict could impact India's agricultural exports to West Asia
India's agricultural sector could take a major hit if the war in Iran continues for an extended period.
Solar Defence to invest ₹12,800cr in robots, UAVs and missiles
Solar Defence and Aerospace Limited has announced a massive investment of over ₹12,800 crore in deep tech projects.
RBI updates AU Small Finance Bank's move to Universal Bank
AU Small Finance Bank has received an important update from the Reserve Bank of India (RBI).
Why US Customs can't process Trump tariff refunds
The US Customs and Border Protection (CBP) has said it can't comply with an order to process billions of dollars in refunds.
Who's Caitlin Kalinowski? OpenAI robotics chief resigns over Pentagon deal
Caitlin Kalinowski, the head of OpenAI's robotics team, has resigned from her position.
Morgan Stanley lays off 2,500 employees, AI to blame
Morgan Stanley's recent layoffs, accounting for 3% of its global workforce, are reportedly due to the increasing use of artificial intelligence (AI), according to insiders.
Kuwait halts oil production as Strait of Hormuz remains closed
Kuwait has decided to cut crude oil production due to escalating Gulf security risks, potentially impacting global petrol and diesel prices.
India to hire 1,000 professionals to boost FTA usage
The Indian government intends to hire 1,000 professionals to assist businesses and exporters in maximizing benefits from Free Trade Agreements (FTAs).
AI could wipe out women's jobs in India: Study
Artificial Intelligence (AI) may exacerbate the gender gap in India's workforce, particularly affecting women in automatable roles and informal employment, a study reveals.
Amazon lays off employees in its robotics division
Amazon is reportedly reducing jobs in its robotics division, highlighting the company's ongoing efforts to cut overheads amidst a wave of AI-related layoffs.
'Resistance is futile': AI lead's words irk journalists
Aimee Rinehart, the Associated Press's product manager for AI strategy, has controversially stated that resistance to artificial intelligence within journalism is "futile".
Dutch court probes Chinese-owned chipmaker's CEO suspension
The ongoing internal conflict within the semiconductor company Nexperia could potentially trigger a global automotive chip shortage, disrupting the international auto industry.
Indian exporters get breather as deadline extensions announced
India extends the Export Obligation Period for exporters until August 2026, in response to geopolitical disruptions impacting global trade and logistics.
Foreign investors pull ₹20,800cr from India markets
Foreign portfolio investors (FPIs) have pulled out a whopping ₹20,818.71 crore (nearly $2.29 billion) from Indian markets in the week ending March 6, 2026.
LPG price hike: Check new rates for domestic, commercial cylinders
The price of domestic cooking gas, or Liquefied Petroleum Gas (LPG), has been hiked by ₹60 per cylinder from today.
Nintendo sues US government, seeks refund of Trump tariffs
Nintendo has sued the US government, demanding a full refund of tariffs it paid during the Trump administration.
Got scammed online? RBI proposes one-time refund up to ₹25,000
The Reserve Bank of India (RBI) has proposed a new scheme to partially refund victims of cyber fraud in digital banking transactions.
Women hold just 5% CEO roles at India's listed firms
A recent report by Primeinfobase has revealed that women are still underrepresented in top leadership roles at India's listed companies.
US loses 92,000 jobs in February, unemployment rises to 4.4%
The US economy witnessed a major setback in February, with the loss of 92,000 jobs. This comes as a stark contrast to January's job growth of 130,000 positions.
Meesho hit with ₹1,500cr tax demand by IT department
E-commerce giant Meesho has been hit with a tax demand of nearly ₹1,500 crore by the Income Tax Department for the assessment year 2023-24.
Sundar Pichai could receive $700M pay package from Alphabet
Sundar Pichai, the CEO of Alphabet, is in line for a massive pay package that could go up to $692 million over the next three years, according to The Financial Times.
Dividend stocks: How to invest in them
Investing in Indian dividend stocks can be a rewarding strategy for those looking to generate passive income.
Sustainability bonds: All about this investment option
Investing in Indian sustainability bonds can be a smart move for those looking to contribute to environmental and social goals.
Why gold in Dubai is suddenly selling at discount
The ongoing war between US-Israel and Iran has led to a major disruption in gold trade, with the precious metal being sold at steep discounts in Dubai.
Oil prices could hit $150 per barrel, Qatar warns
Qatar's Energy Minister Saad al-Kaabi has warned that global oil prices could skyrocket to as high as $150 per barrel if the Middle East conflict worsens.
Flipkart cuts 300 jobs as part of yearly performance review
Walmart-owned e-commerce giant Flipkart has laid off around 300 employees in its annual performance review cycle, according to Moneycontrol.
Why is India's biggest IPO plan stuck in limbo?
Mukesh Ambani's plan to take Jio Platforms public is facing delays due to the Indian government's slow pace in formalizing new listing rules.
IndiGo extends Middle East flight cancellations free till March 31
IndiGo has announced an extension of its free waiver on flight cancellations until March 31.
Does travel insurance cover delays and cancellations during regional conflicts?
The ongoing conflict in West Asia has disrupted airline operations, with many carriers rerouting or suspending flights to avoid conflict-hit airspace.
Mukesh Ambani retains title as India's richest
Mukesh Ambani has retained his title as India's richest person and Asia's wealthiest individual, according to the Hurun Global Rich List 2026.
Morgan Stanley downgrades India as US-Iran war rattles Asia
Global investment bank Morgan Stanley has downgraded its outlook for Indian equities, citing the ongoing Iran conflict as a potential risk to regional supply chains.
UPI records over 800M transactions in a day
The Unified Payments Interface (UPI) has achieved a new milestone, crossing 800 million transactions in a single day on March 2.
Sarvam rolls out program to back India's AI start-ups
Indian generative AI company Sarvam AI has launched a new initiative, the 'Sarvam Start-up Programme.'
India to beat global peers in salary hikes for 2026
India is set to witness a significant rise in salaries, with an average increase of 9.1% projected for 2026.
Mortgage loans: What are the available options?
Navigating the world of mortgage loans can be difficult, particularly for first-time homebuyers.
SoftBank seeks record $40B loan to fund OpenAI
SoftBank, the Japanese tech conglomerate, is seeking a loan of up to $40 billion.
Innovision IPO opens March 10: Should you bid?
Innovision, a Haryana-based company specializing in manpower and toll plaza management services, has announced its initial public offering (IPO) price band.
Why are Sensex and Nifty falling today?
Indian equity markets opened lower today, with the Sensex down by some 600 points and the Nifty50 trading near the 24,600-mark.
NHAI-backed Raajmarg Infra IPO opens March 11: Should you bid?
Raajmarg Infra Investment Trust (RIIT), a public InvIT sponsored by the National Highways Authority of India (NHAI), is gearing up for its first-ever public offering.
Oracle to lay off thousands amid AI data center expansion
Oracle Corporation is planning to lay off thousands of employees as part of a strategy to cope with financial strain from its massive AI data center expansion, according to Bloomberg.
Netflix just bought Ben Affleck's AI filmmaking start-up
Netflix has acquired InterPositive, a filmmaking technology company founded by actor Ben Affleck in 2022.
Foreign investors dump IT stocks worth ₹17,000cr amid AI fears
Foreign institutional investors (FIIs) have offloaded a whopping ₹17,000 crore worth of Indian IT stocks in February.
Why BEL, HAL and Mazagon Dock surged today
Shares of several defense companies, including Bharat Electronics Limited (BEL), Mazagon Dock Shipbuilders Limited, and Hindustan Aeronautics Limited (HAL), witnessed a sharp rise on Thursday.
Amazon cuts 100+ jobs in robotics division
Amazon has laid off more than 100 employees from its robotics division, as part of a major restructuring effort.
India VIX cools 17% after 52% spike amid US-Iran war
India's volatility index (VIX), the barometer of stock market fear, has witnessed a major correction on Thursday.
Grocery start-up FirstClub in talks to raise $60M
FirstClub, a Bengaluru-based premium retail grocery start-up, is in advanced talks to raise $50-60 million (around ₹450-550 crore) from Peak XV Partners and Sofina Ventures, according to Moneycontrol.
Palantir faces tough task of severing ties with Anthropic
Palantir, a leading tech company, is facing the tough task of severing its ties with Anthropic. This comes after a dispute between the AI lab and the Pentagon over safety protocols.
OpenAI's annualized revenue surpasses $25B mark
OpenAI has crossed the $25 billion mark in annualized revenue, The Information reported on Wednesday.
Sergey Brin joins Bezos, Zuckerberg in Miami with $51M mansion
Google co-founder Sergey Brin is reportedly the new owner of a $51 million waterfront mansion in Miami.
US-Iran war: Why investors are dumping silver and buying gold
The ongoing conflict in the Middle East, pitting the US and Israel against Iran, has triggered a global risk-off sentiment.
China sets lowest GDP growth target in 35 years
China has set its annual economic growth target for 2026 at a range of 4.5% to 5%, the lowest since 1991.
Morgan Stanley cuts 2,500 jobs globally despite strong financial performance
Morgan Stanley has laid off around 2,500 employees worldwide, according to The Wall Street Journal.
Gold, silver ETFs soar amid escalating US-Iran war
Gold and silver exchange-traded funds (ETFs) witnessed a sharp spike on Thursday.
Why Reliance shares are rising amid US-Iran war
Reliance Industries Limited (RIL) witnessed a sharp surge in its share price on Thursday, gaining up to 3%.
Estee Lauder fully acquires Forest Essentials
Estee Lauder Companies has announced its plan to acquire an additional 51% stake in Indian luxury beauty brand, Forest Essentials.
Why NVIDIA may pull back from investing in OpenAI, Anthropic
NVIDIA CEO Jensen Huang has hinted at a possible reduction in his company's investments in OpenAI and Anthropic.
Sensex gains 500 points: What's behind today's rally?
The Indian stock market opened on a positive note today, with the S&P BSE Sensex gaining nearly 500 points to trade at 79,603 and the Nifty50 rising by 175 points to reach 24,656.
SBI hires 5,800 Junior Associates to strengthen customer service
The State Bank of India (SBI), the country's largest lender, has hired 5,783 Junior Associates across various states and union territories.
Oil prices soar as US-Iran war disrupts global supply routes
Oil prices have soared on Thursday, owing to fears of supply disruptions from the ongoing US-Iran conflict. The prolonged closure of the Strait of Hormuz has also contributed to this spike.
US court orders refunds for Trump tariffs
In a major blow to President Donald Trump's administration, a federal judge in New York has ordered companies that paid certain tariffs during his tenure to be refunded.
Google settles with Epic, cuts Play Store commission to 20%
Google has agreed to a settlement with Epic Games, the developer of Fortnite, over antitrust concerns.
MRF to invest ₹5,300cr in new tire manufacturing plant
Leading tire manufacturer MRF has announced plans to set up a greenfield manufacturing facility in Tamil Nadu.
Gold, silver ETFs down 7% today: Here we decode why
Gold and silver exchange-traded funds (ETFs) witnessed a major drop today. The decline came as investors booked profits after a recent rally in precious metals.
Ookla, Downdetector, and Speedtest sold to Accenture for $1.2B
Accenture has acquired the connectivity division of Ziff Davis for a whopping $1.2 billion in cash.
This fintech unicorn wants to raise ₹1,500cr via IPO
Fintech unicorn Moneyview Limited has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
PhonePe eyes $10.5B valuation for its IPO in India
Walmart-backed Indian fintech giant PhonePe is gearing up for an initial public offering (IPO) at a valuation between $9 billion and $10.5 billion, according to Reuters.
After Pentagon, OpenAI might sign a contract with NATO
OpenAI is considering a contract to deploy its artificial intelligence (AI) technology on the North Atlantic Treaty Organization's (NATO) "unclassified" networks, as per Reuters.
Wipro stocks hit 52-week low today: Here we decode why
Wipro's shares hit a 52-week low of ₹195.10 this morning, down 1.74% from the previous close.
Services PMI falls to 58.1 in February: What's the reason?
India's services sector growth has slowed down in February, with the Purchasing Managers' Index (PMI) slipping to a two-month low of 58.1 from January's 58.5.
Who is Frank Yeary, Intel board chair departing after 17-years
Frank Yeary, the long-serving board Chair of Intel, has announced his retirement.
HDFC Bank to increase locker rentals: Check new rates
HDFC Bank is set to revise its safe deposit locker rental charges from April 1, 2026.
Indian rupee hits all-time low of ₹92.17 against US dollar
The Indian rupee has hit a new low against the US dollar, breaching the ₹92 mark for the first time ever.