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Business News

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03 Jun 2026
TL;DR

BharatPe chief product officer Rohan Khara to depart August 2026

Rohan Khara, BharatPe's Group Chief Product Officer, has resigned and will remain with the company until August 2026 to ensure a smooth leadership transition, sources revealed.

03 Jun 2026
TL;DR

US judge orders Elon Musk to produce Tesla SpaceX emails

A US judge has ordered Elon Musk to provide Tesla and SpaceX emails in a lawsuit filed by his companies, X and xAI, against OpenAI and Apple over anticompetitive practices.

03 Jun 2026
TL;DR

Japan's Nikkei surges past 68,000 on AI and semiconductor rally

Japan's Nikkei surged past 68,000 for the first time, rising 2.2%, driven by strong gains in AI and semiconductor stocks despite concerns over escalating Middle East tensions.

03 Jun 2026
TL;DR

Akash Dongre exits PhonePe owned Indus Appstore after 2022 acquisition

Akash Dongre, the last remaining co-founder of PhonePe-owned Indus Appstore, has stepped down nearly four years after its acquisition, marking a significant leadership transition.

03 Jun 2026
TL;DR

India services PMI 59.8 in May led by home spending

India's services sector surged in May, with the PMI reaching 59.8, driven by robust domestic demand in e-commerce, entertainment, and IT, despite cautious business confidence.

03 Jun 2026
TL;DR

Bank of Baroda warns India inflation likely 5% by FY2027

India's retail inflation is projected to rise to 5% in FY27, driven by surging food and energy prices, with El Nino posing additional risks to agricultural production.

03 Jun 2026
TL;DR

Indian government denies RBI sold gold to protect forex reserves

The government dismissed claims of the RBI selling $12 billion in gold reserves, countering a Bloomberg analysis suggesting sales to protect forex assets.

03 Jun 2026
TL;DR

RBI likely intervenes after rupee slips to 95.47 per dollar

The Indian central bank likely intervened in the forex market as the rupee fell 0.2% to 95.47 per dollar, pressured by rising crude oil prices amid U.S.-Iran tensions.

03 Jun 2026
TL;DR

Morgan Stanley: Investors favor AI leaders over India next year

Ridham Desai highlights that India's relative earnings growth lags behind AI-driven markets, delaying foreign investor interest despite resilient domestic retail support.

03 Jun 2026
TL;DR

US announces 12.5% tariff on Indian goods over forced labor

The USTR has proposed 12.5% tariffs on India, citing failure to enforce forced labor import prohibitions, while Pakistan, Canada, and others face lower 10% rates.

03 Jun 2026
TL;DR

Copper closes Tuesday at $14,040.50 after US strikes, Iran attacks

Copper futures fell below $14,000 per tonne amid escalating US-Iran tensions and rising US reserves, reversing earlier gains that had pushed prices to a three-week high.

03 Jun 2026
TL;DR

Indian AI startups secure $725 million in 113 deals, early-stage dominance

Indian AI startups raised $725 million in Jan-May 2026, a 10.4% drop from last year, as investors increasingly backed smaller, early-stage ventures over growth-stage companies.

03 Jun 2026
TL;DR

Rajnandini Fashion India lists on BSE SME at ₹63

Rajnandini Fashion India shares debuted on the BSE SME at ₹63, matching the IPO price. The IPO saw massive oversubscription of 203.74 times, reflecting strong investor interest.

03 Jun 2026
TL;DR

SoftBank moves into 2nd bidding round to buy SP.LINKS

SoftBank Corp. has advanced to the second round of bidding for SP.LINKS Inc., Blackstone's Japanese payment services provider, valued at approximately ¥100 billion ($625 million).

03 Jun 2026
TL;DR

Chinese DeepSeek seeks ¥50bn in 1st-ever round, could reach $59B

Chinese AI startup DeepSeek is set to raise about 50 billion yuan ($7.4 billion) in its first funding round, with Tencent and CATL among the largest external investors.

03 Jun 2026
TL;DR

MediaTek expands into AI IoT automotive, expects billions by 2027

MediaTek is diversifying beyond smartphones, targeting automotive, IoT, and AI infrastructure. The company anticipates its AI ASIC business to generate billions in revenue by 2027.

03 Jun 2026
TL;DR

Bliss GVS Pharma up over 170% after Rasayan acquisition approval

Bliss GVS Pharma shares have surged over 45% in the last 10 sessions, driven by WHO GMP compliance news and Anupam Rasayan's acquisition announcement boosting investor confidence.

03 Jun 2026
TL;DR

US eyes 10% tariffs to curb forced labor, some 12.5%

The US plans tariffs of at least 10% on imports from major trading partners, citing forced-labor practices, with higher rates for economies like China and India.

03 Jun 2026
TL;DR

US becomes India's top LPG supplier amid Gulf crisis

The US has become India’s top LPG supplier, accounting for 55% of imports in May 2026, as Gulf supply chains face disruptions. Russia remains the leading crude oil provider.

03 Jun 2026
TL;DR

Bitcoin falls 6.27% to $66,466 as ETFs see investor outflows

Bitcoin's price has dropped 6.27% to $66,466, driven by institutional selling, ETF outflows, and a weakening macroeconomic environment impacting market sentiment.

03 Jun 2026
TL;DR

Rupee opens lower at 95.45 as oil hits $97

The Indian rupee opened 19 paise lower at 95.45 against the US dollar, pressured by rising crude oil prices and losses in regional currencies amid escalating Gulf tensions.

03 Jun 2026
TL;DR

Rupee at ₹95.45 vs dollar amid US and Iran tensions

The rupee opened 18 paise lower at Rs 95.45 per dollar as renewed US-Iran hostilities pushed Brent crude prices near $97 per barrel, dampening market sentiment.

SpaceX sets $135 per share target for record IPO

SpaceX, the rocket and satellite communications company, is gearing up for a historic initial public offering (IPO).

03 Jun 2026
TL;DR

Zhang Yiming becomes Asia's 2nd-richest after ByteDance valuation surge

Zhang Yiming's net worth soared to $92.8 billion, driven by ByteDance's rising valuation and the success of TikTok and Doubao AI chatbot with over 300 million monthly users.

03 Jun 2026
TL;DR

Jio BlackRock to offer Indians global ETFs via GIFT City

Jio BlackRock plans to offer Indian investors access to global BlackRock ETFs through its GIFT City platform, aiming to provide international exposure across diverse asset classes.

03 Jun 2026
TL;DR

Wipro CEO Pallia earned ₹49.6cr in FY26, outstripping Premji's ₹7.3cr

Wipro CEO Srinivas Pallia earned Rs 49.6 crore in FY26, nearly seven times Executive Chairman Rishad Premji's Rs 7.3 crore, as revealed in the company's annual report.

03 Jun 2026
TL;DR

SEBI confidential IPO route used by 39 firms in the past 12 months (June 2025-May 2026)

Indian firms increasingly prefer SEBI's confidential IPO filings for greater flexibility in timing, valuation discussions, and limited public disclosure of sensitive information.

03 Jun 2026
TL;DR

Accel starts raising $650 million to $700 million for 9th India fund

Accel has started roadshows and LP meetings to raise $650-700 million for its ninth India-focused fund, aiming to back startups across emerging sectors by early 2027.

03 Jun 2026
TL;DR

NVIDIA CEO Huang calls Marvell 'next trillion-dollar company' tops $250B

Marvell Technology, hailed by Nvidia CEO Jensen Huang as the "next trillion-dollar company," is leveraging India's engineering talent to drive its AI and semiconductor innovations.

03 Jun 2026
TL;DR

Megaport launches $594 million raise to support $329 million US AI contracts

Australia's Megaport has secured four U.S.-based AI infrastructure contracts worth A$458.9 million and launched a fully underwritten entitlement offer to raise A$827.3 million.

03 Jun 2026
TL;DR

Marvell stock jumps 22% to $267.41 after Jensen Huang endorsement

Marvell Technology's shares soared over 20% after Nvidia CEO Jensen Huang predicted it could become a trillion-dollar company, citing its critical role in AI system connectivity.

03 Jun 2026
TL;DR

Nikkei, TAIEX hit highs, gift Nifty signals flat NSE opening

Asian markets hit record highs on Wednesday, driven by strong gains in Japanese and Taiwanese equities, while GIFT Nifty signaled a flat-to-negative start for Indian benchmarks.

03 Jun 2026
TL;DR

Oil climbs over 1% after Iran missile reports, Brent $97.05

Crude oil prices surged over 1% as Middle East tensions escalated, while gold edged lower due to inflation concerns fueled by rising energy costs and persistent dollar strength.

03 Jun 2026
TL;DR

NHPC OFS opens to retail investors and government offloads 3%

NHPC's Offer for Sale (OFS) opens for retail investors on June 3, following a strong 3.47x subscription from non-retail investors at a cut-off price of ₹71.5 per share.

03 Jun 2026
TL;DR

Tech layoffs top 115,000 as FDEs surge for AI rollouts

As tech layoffs surpass 1 lakh in 2026, demand for forward-deployed engineers has skyrocketed by 729%, with salaries ranging from $170,000 to over $200,000.

03 Jun 2026
TL;DR

China services PMI hits 54.4 in May, fastest since February

China’s services sector expanded at its fastest pace in three months in May, driven by stronger domestic demand and export orders, despite rising operational costs.

03 Jun 2026
TL;DR

Gold slips amid oil rise, US says blocked Iranian missiles

Gold prices dipped 0.2% as escalating Middle East tensions drove crude oil gains, intensifying inflation concerns and raising fears of prolonged high interest rates.

03 Jun 2026
TL;DR

Nikkei 225 record lifts Asian stocks, Topix up nearly 1%

Asian markets traded higher on Wednesday, with Japan's Nikkei 225 hitting a record high. The yen hovered near 160 per dollar amid ongoing US-Iran conflict concerns.

03 Jun 2026
TL;DR

SpaceX prices IPO at $135 aiming $1.75 trillion valuation

SpaceX plans to price its record-breaking IPO at $135 per share, aiming for a $75 billion raise as it targets a valuation of $1.75 trillion, a source revealed.

03 Jun 2026
TL;DR

India and US in New Delhi seek interim trade agreement

India and the US have initiated three-day discussions to finalize an interim trade agreement, focusing on tariff structures and comparative market advantages for Indian goods.

03 Jun 2026
TL;DR

Pune's Vaayu Biogas converts kitchen waste into clean cooking gas

A Pune-based startup, Vaayu Biogas, is turning food waste into biogas for cooking, offering a sustainable alternative to LPG amidst India's growing energy insecurity.

03 Jun 2026
TL;DR

India's CMR Green Technologies opens ₹630.62 cr IPO at ₹182-₹192

CMR Green Technologies' ₹630.62 crore IPO opens today, priced at ₹182-192 per share. The offer includes up to 3.28 crore equity shares through an offer for sale.

03 Jun 2026
TL;DR

Japan's government launches ¥3.1 trillion extra budget to aid households

Japan's cabinet approved a $19.4 billion package to combat inflation driven by Middle East instability, including a ¥2.5 trillion reserve fund for subsidies and cost controls.

03 Jun 2026
TL;DR

Asian stocks rise as Japan and Australia gain, Brent $96.75

Asian shares edged higher, tracking Wall Street gains, while Brent crude rose 0.8% to $96.75 a barrel amid reports of missile strikes and heightened geopolitical tensions.

03 Jun 2026
TL;DR

SpaceX plans $1.75 trillion IPO selling only new shares

SpaceX is set to launch an all-primary IPO next week, targeting a $1.75 trillion valuation and aiming to raise at least $75 billion, sources revealed.

03 Jun 2026
TL;DR

Indian IT firms spent $7.1B acquiring niche firms since 2025

Indian IT companies are investing billions in acquisitions to counter AI-driven pricing pressures and sluggish organic growth, gaining clients, market share, and new capabilities.

03 Jun 2026
TL;DR

Microsoft Copilot surges in India: 250% deployment jump, 20 million seats

India is driving global AI adoption, with Microsoft’s Copilot seeing 250% year-on-year growth and major enterprises scaling deployments to over 300,000 seats within six months.

03 Jun 2026
TL;DR

TCS, Infosys and Wipro doubled Microsoft Copilot licenses to 300,000

India's IT giants—TCS, Infosys, and Wipro—have doubled Microsoft Copilot licences to 300,000 within six months, embedding AI deeply into daily operations.

03 Jun 2026
TL;DR

Indian PCB makers push 45-50% price hikes amid supply snags

Domestic PCB manufacturers are pushing for a 45-50% price hike as the Iran conflict disrupts supply chains, causing input costs to surge by up to 150% in six months.

03 Jun 2026
TL;DR

India's AI push fuels hardware engineering growth in 3 years

India's AI surge has triggered a 178% rise in demand for robotics, HVAC, and industrial automation engineers, leading to a 35% salary hike amid a severe talent shortage.

03 Jun 2026
TL;DR

Rupee drops to 95.27 as RBI intervenes after foreign outflows

The Indian rupee weakened by 29 paise to close at 95.27 against the dollar on Tuesday, as foreign investor outflows and high crude oil prices exerted pressure.

03 Jun 2026
TL;DR

S&P 500 hits longest winning streak since 1995, tops 7,600

The S&P 500 closed above 7,600 for the first time, marking its ninth consecutive day of gains, driven by strong performance in tech despite Alphabet's decline.

03 Jun 2026
TL;DR

Gold falls after strong US jobs data raises rate expectations

Gold trimmed earlier gains as strong US jobs data bolstered expectations of prolonged higher interest rates, while Middle East developments continue to influence market sentiment.

03 Jun 2026
TL;DR

Whistleblower accuses Samir Agarwal at IndusInd Bank of insider trading

A new whistleblower complaint accuses IndusInd Bank of insider trading, financial manipulation, and governance failures, deepening scrutiny on the lender.

03 Jun 2026
TL;DR

Zack Eakin raises $42 million for Layup parts composites startup

Zack Eakin's Layup Parts raised $42M in Series A funding to revolutionize composite manufacturing, aiming to simplify custom parts ordering like Amazon.

03 Jun 2026
TL;DR

India's 6% to 15% gold import duty fuels smuggling surge

Higher import duties in India have triggered a surge in gold smuggling, with unofficial imports from the Middle East offering discounts of ₹8-10 lakh per kg below market prices.

02 Jun 2026
Adani Group

Do airlines using Adani airports have to pay higher fees?

The Adani Group and the Airports Economic Regulatory Authority of India (AERA) are embroiled in a legal dispute over airport charges.

02 Jun 2026
Jaguar Land Rover

Why JLR is taking loans worth £2B

Jaguar Land Rover (JLR), the British luxury car division of Tata Motors, is raising £2 billion through a five-year loan from several multinational banks.

02 Jun 2026
SpaceX

Why SpaceX's IPO filing says water access is a risk

SpaceX has updated its initial public offering (IPO) filing to highlight water access as a major challenge.

02 Jun 2026
New Delhi

Section 301 explained: The US trade law worrying India

As the US and India inch closer to a trade deal, New Delhi has sought protection from possible tariffs under Section 301 of the US Trade Act.

02 Jun 2026
ChatGPT

AI creates 13 new jobs at this software company

While many tech companies are letting employees go, a Silicon Valley software firm is doing the opposite.

02 Jun 2026
Inflation

How Producer Price Index will help measure India's inflation

India is set to launch its first-ever Producer Price Index (PPI) to measure inflation.

02 Jun 2026
Mother Dairy

Mother Dairy will soon sell milk in naturally degradable pouches

Mother Dairy, a leading milk supplier in India, has launched the country's first naturally degradable milk pouch.

02 Jun 2026
Infosys

Infosys shares up 6% after rolling out AI-backed journalism tool

Infosys's shares rose by over 6% today, following the company's announcement of an artificial intelligence (AI)-powered editorial recommendation engine.

02 Jun 2026
Amazon

Zomato, Swiggy, Amazon, Meesho and Zepto form new industry body

India's leading e-commerce companies have formed a new industry-led platform called the Digital Commerce Coalition.

02 Jun 2026
Jensen Huang

Amid AI boom, Jensen Huang warns not to underpay employees

NVIDIA CEO Jensen Huang has weighed in on the ongoing debate over fair employee compensation amid the AI boom.

02 Jun 2026
Reddit

Delhi start-up seeks pay cuts from staff after ₹2cr error

A Delhi-based tech company has come under fire for asking its employees to bear the brunt of a ₹2 crore loss caused by a single employee's mistake.

02 Jun 2026
India

India-UK FTA: New Delhi might reconsider Scotch whisky tariff cuts

India has warned that it may reconsider major concessions under the India-UK Free Trade Agreement (FTA), including tariff cuts on Scotch whisky.

02 Jun 2026
Coca-Cola

Coca-Cola's Indian bottling subsidiary may get listed in 2027

Coca-Cola is considering an initial public offering (IPO) for its Indian bottling subsidiary, Hindustan Coca-Cola Holdings.

02 Jun 2026
BharatPe

BharatPe Flex lets you make UPI payments on credit

BharatPe, a financial services and UPI payments firm in India, has launched 'BharatPe Flex.'

02 Jun 2026
Indian Government

You can give suggestions to 8th-Pay Commission till June 15

The 8th Central Pay Commission (CPC) has extended the deadline for submitting the memorandums and suggestions to June 15.

02 Jun 2026
Indian Government

Reporting cyberattacks on India's financial sector might soon become easier

The Indian government is working on a unified system for reporting and responding to cyberattacks across the financial sector, Moneycontrol has reported.

02 Jun 2026
Google

Alphabet seeks $80B to fund AI expansion

Google's parent company, Alphabet, has announced plans to raise $80 billion through a series of stock sales. The move includes a big investment deal with Berkshire Hathaway.

02 Jun 2026
Samsung Electronics

South Korea overtakes India as 6th-largest stock market

South Korea's stock market has overtaken India's to become the world's sixth largest.

02 Jun 2026
Canada

Why Florida is suing OpenAI and Sam Altman

Florida Attorney General James Uthmeier has filed a lawsuit against OpenAI and its CEO Sam Altman.

02 Jun 2026
Warren Buffett

Berkshire Hathaway invests $10B in Google parent

Berkshire Hathaway has made a major investment in Alphabet, the parent company of Google. The conglomerate, now led by Greg Abel, has invested $10 billion through a private stock purchase.

02 Jun 2026
Anil Agarwal

ED raids Vedanta Group offices in FEMA case

The Enforcement Directorate (ED) has launched a raid at the offices of Vedanta in Mumbai and Delhi.

02 Jun 2026
Anthropic

Anthropic files for IPO

Anthropic, a leading artificial intelligence (AI) company and the creator of the popular Claude AI model, has officially kicked off its initial public offering (IPO) process.

CBI arrests former RCom MD in bank fraud case

Amitabh Jhunjhunwala, the former Group Managing Director of Reliance Communications, has been arrested by the Central Bureau of Investigation (CBI) in a major bank fraud case.

01 Jun 2026
SpaceX

SpaceX to reserve 5% of IPO stock for employees, family

SpaceX has announced its plan to reserve up to 5% of shares in its upcoming initial public offering (IPO) for select employees and the friends and family of its executive officers.

01 Jun 2026
India

India's fiscal deficit in FY26 stands at 4.4% of GDP

India's fiscal deficit for the financial year ending March 31, 2026, stood at 4.4% of its gross domestic product (GDP).

01 Jun 2026
China

China's new rules for overseas investments: How it affects you

China has introduced new regulations to tighten its grip on overseas investments involving Chinese investors, technology, data, and national security.

01 Jun 2026
Telangana

No more cash wages to workers in Telangana

In a landmark decision, the Telangana government has banned cash wage payments to workers and mandated electronic transfers.

01 Jun 2026
India

India's industrial output grew by 4.9% this April

India's industrial output grew by 4.9% in April 2026, according to the first reading of the revamped Index of Industrial Production (IIP) series with FY23 as the new base year.

01 Jun 2026
Reserve Bank Of India (RBI)

Noel Tata writes to RBI, opposes Tata Sons public listing

Noel Tata, the chairman of Tata Trusts, has written a letter to the Reserve Bank of India (RBI), opposing any potential public listing of Tata Sons.

UPI crosses 23B monthly transactions for first time

India's Unified Payments Interface (UPI) has achieved a major milestone by crossing the 23 billion monthly transaction mark for the first time in May 2026.

01 Jun 2026
Nifty

Sensex crashes 1,100 points from day's high levels

India's benchmark indices, Sensex and Nifty, witnessed a major fall from their day's high on June 1.

01 Jun 2026
IndiGo

Why domestic air traffic in India is going down

India's domestic aviation sector has seen a decline in passenger traffic, with only 13.8 million travelers in April 2026.

01 Jun 2026
Zee

Why Zee Entertainment's shares are up 20% in 5 sessions

Shares of Zee Entertainment Enterprises have witnessed a massive rally, surging by nearly 20% over the past five sessions.

01 Jun 2026
GST

GST collections up 3.2% YoY to ₹1.94L crore in May

India's Goods and Services Tax (GST) collections rose by 3.2% year-on-year to ₹1.94 lakh crore in May 2026, official data released today has showed.

01 Jun 2026
SoftBank Group

SoftBank becomes Japan's most valuable company, surpassing Toyota

SoftBank Group has dethroned Toyota to become Japan's most valuable company.

01 Jun 2026
Delhi

Jet fuel prices cut 27% for international airlines

The price of Aviation Turbine Fuel (ATF) for international airlines has been slashed by 27% in India.

New UPI and ATM rules from today

A host of changes have come into effect from June 1, impacting Unified Payments Interface (UPI) and other financial aspects.

01 Jun 2026
Berkshire Hathaway

How BYD became a $10B bet for Berkshire Hathaway

During the 2008 global financial crisis, investing legend Charlie Munger spotted a unique opportunity in Chinese electric vehicle (EV) maker BYD.

01 Jun 2026
India

Installing rooftop solar panels will cost you more now

Starting today, India has implemented a major change in its solar sector.

01 Jun 2026
Vodafone Idea

How Airtel is helping Vodafone Idea add more subscribers

Vodafone Idea (Vi) is capitalizing on the ongoing debate over premium 5G connectivity to position itself as a provider of equal network access for all users.

01 Jun 2026
Indian Economy

India's factory growth hits 3-month high

India's manufacturing sector witnessed the fastest growth in three months in May, owing to strong domestic demand and a spike in new orders.

01 Jun 2026
Ukraine

Russia bans aviation fuel exports till November 30

Russia has announced a ban on aviation fuel exports until November 30.