LOADING...

Business News

No jargons, no mumbo-jumbo. Read the unadulterated Business news here.

28 Apr 2026
Meta

How Meta plans to undo its $2.5B Manus acquisition

Meta is preparing to reverse its acquisition of AI start-up Manus after the Chinese government blocked the deal on national security grounds, The Wall Street Journal reported.

28 Apr 2026
TL;DR

Investors await rates and earnings as Asian stocks near highs

Asian stocks remain near their late February peak as investors anticipate Middle East developments and major tech earnings.

28 Apr 2026
TL;DR

LTM CEO Venu Lambu says AI transforms Indian IT business

LTM's CEO, Venu Lambu, predicts a contraction in core IT services as AI technology reshapes the industry and resets pricing structures.

28 Apr 2026
Donald Trump

Brent crude nears $110 as US considers Iran's peace proposal

Brent crude oil prices have reached near $110 per barrel. This comes as the US considers Iran's latest proposal to end the ongoing conflict in West Asia.

28 Apr 2026
TL;DR

NSE shareholders approve selling over 4% stake, enabling ₹23,000cr IPO

The National Stock Exchange (NSE) has received approval from its shareholders to divest over 4% of their holdings for the upcoming initial public offering (IPO).

28 Apr 2026
TL;DR

IndiaAI tender cuts NVIDIA B200 GPU hourly rates by 10%

Nvidia's latest B200 GPUs have seen a 10% price drop in the recent IndiaAI Mission tender, indicating aggressive bidding by compute service providers.

28 Apr 2026
Google

Start-up building self-learning AI raises record $1.1B seed

Ineffable Intelligence, a start-up founded by David Silver, a former lead researcher at Google's DeepMind, has raised $1.1 billion in seed funding.

28 Apr 2026
TL;DR

RBI mandates expected credit loss model including small finance banks

From April 2027, the Reserve Bank of India (RBI) will require banks to use predictive models to set aside funds for potential loan defaults in advance.

28 Apr 2026
TL;DR

Sun Pharma to buy Organon for $11.75 billion, enters biosimilars

Sun Pharma is set to acquire Organon for $11.75 billion after three months of intense negotiations, marking a significant milestone in Indian overseas acquisitions.

28 Apr 2026
TL;DR

Japan unemployment rises to 2.7% as employment drops 120,000

Japan's unemployment rate increased to 2.7% in March, indicating a potential slowdown in hiring despite a tight labour market.

28 Apr 2026
Elon Musk

Musk v/s Altman: AI's biggest feud enters courtroom

A high-profile legal battle between tech moguls Elon Musk and Sam Altman is about to begin in a US court.

28 Apr 2026
TL;DR

Infosys falls to 11th at ₹4.7L/cr amid AI shift

Infosys, a leading IT firm, has fallen out of the top 10 most valued companies in India due to recent AI-led disruptions.

28 Apr 2026
TL;DR

Brent at $108 as President Trump weighs Iranian transit proposal

Brent crude oil prices near $110 a barrel as the US considers Iran's proposal to end West Asian conflict. Meanwhile, Goldman Sachs raises its oil price forecast.

28 Apr 2026
TL;DR

Reliance Industries to invest ₹1.6L/cr in Visakhapatnam AI data center

Reliance Industries (RIL) is investing over $17 billion to establish a 1.5 GW AI-focused data centre cluster in Visakhapatnam, Andhra Pradesh, surpassing Google's 1 GW facility.

28 Apr 2026
TL;DR

Canada announces $18 billion fund to lessen dependence on US.

Prime Minister Mark Carney has unveiled a government-owned investment fund in Canada, starting with 25 billion Canadian dollars ($18 billion), aimed at major industrial projects.

28 Apr 2026
TL;DR

RBI issues capital rules to match borrower risk April 2027

The Reserve Bank of India (RBI) has issued final directions on risk weights for retail, corporate, and sovereign exposures, effective from April 1, 2027.

28 Apr 2026
TL;DR

Tata Trusts retain lifelong trustees despite Maharashtra law capping 25%

Tata Trusts, based on legal advice, may not reappoint its permanent trustees for a fixed term despite a recent Maharashtra ordinance capping perpetual trustees.

28 Apr 2026
TL;DR

NVIDIA market cap reaches $5.2 trillion driven by GPU demand

Nvidia's stock has hit a record high, pushing the company's market cap to an impressive $5.2 trillion due to surging demand for AI chips.

28 Apr 2026
TL;DR

Samsung may decide China TV and home-appliance sales by April

Samsung Electronics may cease its home appliance and TV sales in China due to increasing competition and market shifts, reports Nikkei.

28 Apr 2026
TL;DR

Congress and states scrutinize prediction markets after insider trading reports

Prediction markets are under pressure to regulate rogue bettors and curb insider trading, amidst growing concerns over fairness and legality.

28 Apr 2026
TL;DR

Microsoft rolls out Copilot 365 across Accenture workforce, biggest deal

Accenture is rolling out Microsoft's Copilot 365 AI assistant to all its 743,000 employees, marking the largest enterprise deal for the chatbot.

28 Apr 2026
TL;DR

Microsoft gains nonexclusive OpenAI license through 2032, ends exclusivity

OpenAI and Microsoft have renegotiated their agreement, ending potential legal issues over OpenAI's $50 billion deal with Amazon.

28 Apr 2026
TL;DR

Ineffable Intelligence, founded by David Silver, raises $1.1B seed

Ineffable Intelligence, co-founded by former DeepMind researcher David Silver, has raised a record-breaking $1.1 billion in seed funding from leading venture capital firms.

28 Apr 2026
TL;DR

India New Zealand FTA gives Indian exports tariff free access

India and New Zealand have signed a "once-in-a-generation" free trade agreement, aimed at boosting exports across various sectors.

28 Apr 2026
TL;DR

Former Tokyo Electron worker jailed 10 years for TSMC theft

A former Tokyo Electron employee has been sentenced to 10 years in prison by a Taiwanese court for stealing trade secrets from chipmaker TSMC.

28 Apr 2026
TL;DR

Reserve Bank of India mandates ECL provisioning from April 2027

The Reserve Bank of India (RBI) has implemented stricter rules for banks to set aside more funds for potential loan losses, aligning with global standards.

28 Apr 2026
TL;DR

AI and machine learning job demand rises 40% to 50%

The rapid adoption of AI is spurring a hiring boom, with companies increasingly seeking professionals adept in workflows and data interpretation, reports ANI.

28 Apr 2026
TL;DR

Coal India posts 11% March quarter profit rise to ₹10,839cr

Coal India Ltd (CIL) reported an 11.1% increase in consolidated net profit to Rs 10,839.18 crore in the March quarter due to higher revenue.

28 Apr 2026
TL;DR

Salesforce sues Microsoft in London claiming Teams bundling limits choice

Salesforce and its app Slack have sued Microsoft in the UK, alleging anticompetitive practices related to the bundling of its Teams app.

28 Apr 2026
TL;DR

Bill Ackman's Pershing Square plans $5 billion US fund IPO

Bill Ackman's investment management company, Pershing Square, is reportedly set to raise about $5 billion in its U.S. initial public offering (IPO).

28 Apr 2026
TL;DR

RBI shortens credit card overdue reporting window to 3 days

The Reserve Bank of India (RBI) states that credit card issuers can only report accounts as 'past due' after three days of non-payment.

28 Apr 2026
TL;DR

Punjab & Sind Bank posts over 30% net profit, ₹1,322cr

Punjab & Sind Bank reported a 30% increase in net profit to ₹1,322 crore for Fiscal Year 2025-26, driven by improved asset quality.

28 Apr 2026
TL;DR

Oil India and IOCL mark 5th discovery in Ghadames Basin

Oil India Limited has made a significant oil and gas discovery in Libya, potentially bolstering its international exploration portfolio amidst global energy market instability.

28 Apr 2026
TL;DR

National Stock Exchange crosses 13cr, adds 1cr in 7 months

The National Stock Exchange (NSE) added one crore unique investors in just seven months, pushing its registered investor base past the 13-crore mark.

28 Apr 2026
TL;DR

Bridgewater Associates warns AI pressures software firms and prompts layoffs

The rapid rise of artificial intelligence (AI) poses significant threats to established software companies, similar to the disruption caused by online retail in the past.

28 Apr 2026
TL;DR

OpenAI tightens safety rules after Jesse van Rootselaar mass killing

OpenAI CEO, Sam Altman, has publicly apologized for failing to alert law enforcement about a user's violent threats prior to a tragic shooting incident.

28 Apr 2026
TL;DR

India's NITI Aayog unveils $30 trillion growth plan to 2047

India has outlined a two-phased strategy for its Digital Public Infrastructure (DPI) to facilitate a transition towards a $30 trillion economy by 2047.

28 Apr 2026
TL;DR

RBI requires banks report offshore rupee derivatives from July 2027

The Reserve Bank of India (RBI) has directed banks to report all offshore foreign exchange derivatives transactions involving the Indian rupee, aiming to enhance price discovery and transparency.

28 Apr 2026
TL;DR

Adani Total Gas proposes ₹0.25/share dividend after Q4 ₹168cr profit

Adani Total Gas Ltd (ATGL) has announced an 8.4% year-on-year increase in Q4 net profit and a dividend of ₹0.25 per equity share for FY26.

28 Apr 2026
TL;DR

Hindustan Zinc to add 3 metals after acquiring monazite block

Hindustan Zinc plans to add three new metals to its portfolio over the next five years, leveraging a pipeline of 10 mineral blocks currently under exploration.

28 Apr 2026
TL;DR

RBI keeps April 2027 ECL deadline and issues transition guidelines

The Reserve Bank of India (RBI) has rejected banks' requests for additional time to transition to the expected credit loss (ECL) framework, maintaining the 1 April 2027 deadline.

28 Apr 2026
TL;DR

Prada launches limited Kolhapuri chappal-inspired sandals €750 after Milan controversy

Prada is releasing a limited-edition range of Kolhapuri-inspired sandals, made in India, following previous cultural appropriation controversy.

27 Apr 2026
Finance

Secured loans: What they are actually

Secured loans are a common financial tool, allowing borrowers to use an asset as collateral.

27 Apr 2026
Microsoft

OpenAI and Microsoft amend their partnership: What has changed?

OpenAI and Microsoft have announced a major overhaul of their partnership agreement.

27 Apr 2026
Rolls-Royce

Why Rolls-Royce inked a ₹3,800cr deal with this Hyderabad-based company

Hyderabad-based Sigma Advanced Systems has signed a seven-year-long deal with Rolls-Royce, worth ₹3,800 crore. The partnership is aimed at manufacturing and supplying aerospace systems.

27 Apr 2026
NVIDIA

NVIDIA leases office space in Bengaluru for ₹1,230cr 

NVIDIA has signed a major lease deal for office space in Bengaluru, according to real estate data analysis platform Propstack.

27 Apr 2026
MakeMyTrip

Why MakeMyTrip has joined hands with Adani Airport Holdings

Adani Airport Holdings Limited and MakeMyTrip have joined forces to launch a new online duty-free, pre-booking service for international travelers.

27 Apr 2026
Finance

Infrastructure bonds: All about this investment option

Investing in Indian infrastructure bonds can be a smart move for those looking to diversify their portfolio.

27 Apr 2026
Turkey

Your ice creams could get costlier this summer: Here's why

The ongoing conflict in West Asia is disrupting supply chains and pushing up the prices of key ingredients like dry fruits and nuts. These are essential for flavoring a wide range of ice creams and chocolates.

27 Apr 2026
Delhi

8th Pay Commission consults on pay, pensions; final decisions awaited

The 8th Central Pay Commission (CPC) is currently in a critical phase of consultations and discussions.

27 Apr 2026
Indian Government

Indian government takes major step for jewelry sector

The Indian government has expanded the SEZ Rules, 2006, to include jewelry in Free Trade Warehousing Zones (FTWZ).

27 Apr 2026
Cancer

Eli Lilly bets on blood cancer drugs with $2.3B deal

Eli Lilly, a leading pharmaceutical company, has announced its plan to acquire Ajax Therapeutics for up to $2.3 billion in cash.

27 Apr 2026
Iran

US budget airlines seek $2.5B bailout amid fuel crisis

A group of US-based budget airlines, including Avelo Airlines and Frontier Airlines, are seeking $2.5 billion in federal financial aid, according to The Wall Street Journal.

27 Apr 2026
Narendra Modi

How Ganga Expressway could reshape Uttar Pradesh's economy

Prime Minister Narendra Modi will inaugurate the Ganga Expressway on April 29.

27 Apr 2026
United States of America

How Trump's 123% duty will hurt India's solar industry

The United States has moved to impose a hefty 123.04% preliminary anti-dumping duty on solar cell and module imports from India.

27 Apr 2026
China

'Come back home': Zoho founder calls on Indians in US

Sridhar Vembu, the founder of Zoho, has urged Indians living in the US to consider returning home.

27 Apr 2026
Mobikwik

MobiKwik bags RBI nod for NBFC license: Why it matters

Fintech giant MobiKwik has received approval for a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI).

27 Apr 2026
Reliance Industries

JioHotstar hits ₹31,000cr revenue on sports, ads boom

Reliance Industries' media business, JioHotstar, has witnessed a massive surge in its financial performance for the fiscal year 2025-26.

Kissht IPO opens April 30, aims to raise ₹930cr

Digital lending platform Kissht has announced its initial public offering (IPO) on April 30.

27 Apr 2026
Meta

Why Meta's $2B Manus acquisition has been blocked by China

China has blocked US tech giant Meta's acquisition of Chinese artificial intelligence (AI) start-up Manus.

27 Apr 2026
Amazon

You can order from Amazon Now in 100 Indian cities

Amazon has announced the expansion of its ultra-fast delivery service, Amazon Now, to 100 cities in India.

27 Apr 2026
IndiGo

Why UBS downgraded IndiGo's stock from 'buy' to 'neutral'

UBS has downgraded IndiGo parent InterGlobe Aviation's stock rating from "buy" to "neutral," and reduced its target price from ₹5,480 to ₹4,940. The move comes amid rising challenges in the aviation sector.

You can soon ride SkyHop Aviation's seaplane in India

SkyHop Aviation has received the Air Operator Certificate (AOC) from the Directorate General of Civil Aviation (DGCA), paving the way for commercial seaplane services in India.

27 Apr 2026
Cryptocurrency

Bitcoin hits 3-month high today: Here we decode why

Bitcoin continued its slow climb toward the $80,000 mark today.

27 Apr 2026
Meta

AI is impacting entry-level job market, says ex-Meta executive

Clara Shih, a former executive at Meta and Salesforce, has warned that artificial intelligence (AI) is making it harder for new graduates to find jobs.

27 Apr 2026
Axis Bank Ltd

Axis Bank cuts 3,100 jobs even as branch expansion accelerates

Axis Bank has announced a reduction of its workforce by 3,100 employees over the last one year.

27 Apr 2026
India

India, New Zealand finally ink a free trade agreement

India and New Zealand have signed a landmark Free Trade Agreement (FTA), marking a major milestone in their economic relationship.

Acko heads for IPO with $2.5B valuation goal

Acko, a leading insurance start-up based in Bengaluru, has appointed ICICI Securities, Morgan Stanley and Kotak Securities as the book-running lead managers for its initial public offering (IPO).

27 Apr 2026
Apple

Apple is giving John Ternus a strong start as CEO

Apple's John Ternus will officially take over as the tech giant's new CEO on September 1, 2026.

27 Apr 2026
US Dollars

Gold, silver rates decline amid strong dollar, oil price surge

Gold and silver prices have started the week on a low note. The decline is mainly due to a strong US dollar and rising crude oil prices.

27 Apr 2026
Reserve Bank Of India (RBI)

How RBI's latest steps have affected India's fintech firms

The Reserve Bank of India (RBI) has announced a series of regulatory changes that could significantly impact the country's fintech ecosystem.

27 Apr 2026
India

Instant home services apps bag 10M monthly users in India

India's instant home services industry has crossed a major milestone, hitting over 10 million monthly active users (MAUs).

27 Apr 2026
Indian Government

Indian government bonds see decline today: What's the reason?

Indian government bonds witnessed a decline today after the United States called off its planned talks with Iran.

Why SEBI has conducted search and seizure operations across India

The Securities and Exchange Board of India (SEBI) has conducted extensive search and seizure operations in connection with a suspected stock manipulation network.

27 Apr 2026
Anthropic

You can buy this home in exchange of Anthropic shares

A unique property in Mill Valley, California, is on the market with an unusual condition.

27 Apr 2026
Paytm

Paytm shares fall 6% after RBI cancels bank licence

Shares of One97 Communications, the parent company of Paytm, plummeted over 6% in early trade today.