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Parliamentary panel to meet RBI July 2 on crypto regulation
India's Parliamentary Standing Committee on Finance will convene with RBI officials on July 2 in Delhi to discuss regulatory frameworks for virtual digital assets (VDAs).
Welltower CEO Shankh Mitra becomes world's 2nd-highest-paid for 2025 $821 million
Shankh Mitra, CEO of Welltower, earned a staggering $821 million in 2025, making him the world's second-highest paid executive after Tesla's Elon Musk.
GIFT Nifty down over 150 points amid AI chip sell-off
GIFT Nifty dropped over 150 points, reflecting weak global cues as a sharp sell-off in AI and semiconductor stocks across Asia dampened investor sentiment.
Italy probes Microsoft over automatic AI add-ons and price rise
Italy's antitrust watchdog is investigating Microsoft for alleged unfair practices tied to a "Microsoft 365" subscription price increase.
Alembic Pharmaceuticals wins FDA approval for generic Tamiflu oral suspension
Alembic Pharmaceuticals has received final USFDA approval for its Oseltamivir Phosphate oral suspension, a generic version of Tamiflu, used to treat and prevent influenza.
OpenAI may push IPO to 2027 for $1 trillion valuation
OpenAI is reportedly considering postponing its IPO to 2027, emphasizing a $1 trillion valuation amid tech stock volatility and investor caution, according to recent reports.
Goldman Sachs predicts 15 million US jobs could change
A Goldman Sachs report suggests AI will reshape labor markets, causing temporary job displacement but also creating new opportunities, with uneven impacts across occupations.
Lupin gets US FDA tentative approval for prostate cancer drug
Mumbai-based Lupin Ltd has secured tentative US FDA approval for Enzalutamide Tablets in multiple strengths, offering alternative dosing options to the reference drug Xtandi.
Delhi High Court tells Meesho to remove Jockey lookalike listings
The Delhi High Court has ordered Meesho to remove listings of products allegedly infringing Jockey's trademark, citing deceptive similarities and potential consumer confusion.
Chainguard $3.5B startup to expand India hiring amid AI threats
Chainguard, a $3.5 billion cybersecurity startup, is scaling its India presence to leverage the country's engineering talent and growing AI adoption.
NVIDIA CEO Jensen Huang: national security over China chip exports
After months of urging the US to ease AI chip export restrictions to China, Nvidia CEO Jensen Huang assured shareholders that national security takes precedence over profits.
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.
Amazon CEO Jassy announces $48 billion India investment by 2030
Amazon CEO Andy Jassy highlights rapid growth in India's quick commerce sector and emphasizes AI's transformative potential, with $48 billion pledged for investments by 2030.
India and UK agree CETA and DCC after London meeting
India and the UK will enhance innovation, investment, and trade as the CETA and DCC agreements take effect in July 2026.
SoftBank shares slide 13% amid reports of OpenAI IPO delay
SoftBank Group Corp's shares fell by as much as 13% on Friday.
KOSPI plunges 8.2% as foreign investors pull out $1.7 billion
South Korea's Kospi plunged 8.2%, triggering a trading halt, as Samsung and SK Hynix shares dropped over 9%, driven by global AI sentiment shifts and foreign investor sell-offs.
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.
FTSE Russell index reconstitution to trigger $150B 1st biannual update
The FTSE Russell index reconstitution, now biannual, is set to drive $150 billion in trading Friday, with SpaceX joining the Russell 1000 and tech sector shifts dominating.
India launches 5-year plan easing quality rules for 10 sectors
India has introduced a five-year transition framework easing Quality Control Order compliance for sectors like toys and air conditioners, addressing import reliance on China.
India's green economy $110B in 2025 outpaces Asia and world
India generated $110 billion in green revenues in 2025, achieving a 20% CAGR over five years and emerging as one of Asia's fastest-growing green economies, per LSEG's report.
Amazon CEO Andy Jassy says AI demand exceeds current supply
Amazon CEO Andy Jassy revealed that demand for AWS's AI services exceeds supply, with heavy investments in infrastructure expected to normalize free cash flow over time.
SoftBank shares tumble 13% after reports OpenAI may delay IPO
SoftBank shares plunged up to 13% in Tokyo after reports suggested OpenAI might postpone its IPO, dampening investor expectations of a swift financial windfall.
Oil falls to about $75 as Hormuz tanker traffic recovers
Crude oil prices hover near $75 as tanker traffic through the Strait of Hormuz resumes, easing supply disruption fears after months of geopolitical tensions and market volatility.
US markets wobble as Nasdaq slips and Dow ends flat
The Dow Jones fell 700 points from its intraday high as Apple’s 6% plunge erased $265 billion in market value, dragging the Magnificent Seven tech stocks into losses.
Amazon $48B India investment by 2030, total near $90B
Amazon CEO Andy Jassy revealed plans to explore acquisitions and deepen partnerships with the Indian government to expand AI capabilities and tech-driven initiatives.
Vedanta Resources raises $943 million to repurchase $2.1B bonds due 2030-33
Vedanta Resources has received $943 million in bond tenders, representing 45% of its $2.1 billion outstanding bonds, reflecting investor confidence and attractive yields.
Accenture's new Edge targets midsize firms in $240B market
IT giants are targeting mid-market enterprises as AI disruptions drive scalable opportunities, reshaping pricing models and intensifying competition with mid-tier IT firms.
Harvey AI opened India office with tailored legal models
San Francisco-based Harvey AI, valued at $11 billion, has established full-scale operations in India to meet growing demand from top law firms for its agentic legal AI platform.
Accel India's Subrata Mitra says AI competition: companies not countries
India's deeptech startups are gaining momentum, with Accel's Subrata Mitra emphasizing unique problem-solving as key to competing against US and China in AI innovation.
RBI releases draft AI rules for banks and financial companies
The Reserve Bank of India has introduced a draft framework mandating stricter governance, human oversight, and risk controls for financial institutions deploying AI/ML models.
Foreign investors pour record ₹39,640cr into Indian government bonds
Foreign portfolio investors have invested a record ₹39,640 crore in Indian government bonds this June, driven by tax exemptions and expanded access to sovereign debt instruments.
Samsung plans $647.5 billion for South Korea semiconductors and AI
Samsung Group reportedly aims to invest 1,000 trillion won ($647.5 billion) in South Korea over the next decade, focusing on semiconductors and AI.
Pankaj Agarwal jailed until July 4 over alleged ₹504cr misuse
CBI alleges IAS officer Pankaj Agarwal deleted crucial digital evidence linked to the ₹504-crore Haryana government fund misappropriation during his tenure.
Air India drops free overseas crew laundry to cut costs
Air India will stop providing complimentary laundry services for pilots and cabin crew during international layovers starting July 1 to reduce operating expenses.
Crown Estate hits £1.2 billion profit driven by offshore wind
The Crown Estate reported £1.2bn in profits, driven by offshore windfarm leases, with two-thirds of earnings stemming from the booming renewable energy sector.
India crosses 12cr active credit cards milestone in May 2026
India's active credit cards surpassed 120 million in May 2026, with net additions rising 34% year-on-year, while monthly spending per card improved marginally to ₹16,778.
RBI tells banks to use CCIL, end ₹1.50-₹2 dollar markups
The Reserve Bank of India is urging banks to provide retail customers and small businesses with forex rates closer to inter-bank levels, ensuring transparency and fairness.
Eighth Central Pay Commission likely to retain 2.57 fitment factor
The Eighth Central Pay Commission is likely to retain a fitment factor near 2.57, balancing fiscal pressures as employee unions push for higher revisions in pay and pensions.
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.
Sensex gains over 800 points: What's driving today's rally?
The Indian stock market witnessed a major surge today, with the Sensex rising by over 830 points to 77,030 and the Nifty gaining 219 points to 24,042.
SpaceX launches $25B debt sale for AI expansion
Elon Musk's SpaceX has launched a five-tranche notes offering to raise at least $25 billion. The move comes as the company looks for funds to support its capital-intensive artificial intelligence (AI) expansion.