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Nasscom says India's tech services poised to lead AI transition
India's technology services sector will play a crucial role in helping global enterprises adopt AI, leveraging its skilled workforce and enterprise expertise.
Marlene Amstad urges Swiss banks to adopt AI urgently
Swiss financial regulator Marlene Amstad urges rapid adoption of advanced AI technologies as escalating cybersecurity threats expose vulnerabilities in global financial systems.
Rajesh Exports says ED Bengaluru search found nothing missing
The Enforcement Directorate's search at Rajesh Exports' premises ended with no discrepancies in inventory or cash, as confirmed by the company in a stock exchange filing.
India's foreign exchange reserves rise $963 million to $671.63 billion
India's foreign exchange reserves increased by $963 million, reaching $672.58 billion as of June 19, 2026, bolstered by a sharp rise in gold reserves despite a dip in FCAs.
Revolut sets 3 day minimum for 2027 interns and graduates
Revolut will require 2027 graduates and interns to work in-office at least three days a week, moving away from its remote-first policy for early-career employees.
OECD: India posts Asia's largest crypto inflows at $340 billion
India recorded $340 billion in crypto asset inflows between June 2024 and June 2025, equivalent to 9% of its GDP, the highest among key Asian economies.
Vi offers eligible Indian postpaid users 3 months Spotify Premium
Vodafone Idea (Vi) has partnered with Spotify to offer eligible postpaid users three months of complimentary Spotify Premium, enhancing their entertainment experience.
Elroy Air to merge with Columbus Circle Capital for $1B
Elroy Air plans to go public via a $1 billion SPAC merger with Columbus Circle Capital Corp II, aiming to accelerate autonomous cargo drone development and expand operations.
MiPhi, a Micromax Phison team-up, to invest ₹1000cr in India
MiPhi, a joint venture between Micromax and Phison, plans to invest Rs 1,000 crore in India to expand manufacturing and capitalize on rising demand for AI-driven memory solutions.
Leon Black to testify privately before Congress in Epstein investigation
Leon Black is set to testify before the House oversight committee Friday regarding his financial and personal ties to Jeffrey Epstein.
RBI announces draft compensation scheme: 85% up to ₹25,000
The RBI has proposed a scheme to compensate victims of online banking fraud, offering up to Rs 25,000 for small-value fraudulent transactions reported promptly.
Tata Electronics investigates dark web leak of 200,000 files
Tata Electronics, a key Apple supplier, has restricted system access and initiated a forensic audit after a massive data leak exposed sensitive client files online.
SpaceX joining FTSE Russell US indexes requires $3 billion buying
SpaceX's entry into the Russell U.S. indexes post-IPO compels passive funds to buy $3 billion in shares, potentially amplifying market volatility around Elon Musk's rocket firm.
MS Dhoni becomes DRiV's 1st global ambassador for Tenneco's aftermarket
DRiV has appointed former Indian cricket captain MS Dhoni as its first-ever global celebrity face, highlighting the strategic importance of the Indian market to its business.
South Korea's Kospi index tumbles 8% as AI-driven sell-off deepens
South Korea's stock market has become a prime example of how the artificial intelligence (AI) boom is reshaping global equities.
Swatch seeks $170 million from Samsung over smartwatch app design copying
Swatch is demanding $170 million in damages, alleging Samsung enabled third-party apps to replicate its watch designs on smartwatches, with a British court ruling on damages soon.
Unlisted SBI Mutual Fund investors made about 3.8 times returns
SBI Mutual Fund's unlisted shares have delivered nearly 3.8x returns in three years, driven by sharp price appreciation and a 3:1 bonus issue ahead of its anticipated IPO launch.
Goldman Sachs raises India's growth forecast to 6.8%
Goldman Sachs has raised its real GDP growth forecast for India to 6.8% for the calendar year 2026, up from its previous estimate of 6.5%.
AllHome raises ₹200cr Series B, valued at ₹2,000cr for expansion
AllHome, a building materials startup by PharmEasy co-founders, raised Rs 200 crore in Series B funding led by Bessemer Venture Partners, valuing the company at Rs 2,000 crore.
AI drives $10B-$12B for India's IT services, spurs skills demand
India’s IT services sector generates $10-12 billion annually from AI, with 25% of firms transitioning experiments into production, according to industry body Nasscom.
Noida International Airport to triple flight operations from July
Noida International Airport (NIA) will nearly triple its flight operations from July 1.
Volkswagen eyes up to 100,000 job cuts, Oliver Blume pitching
Volkswagen AG plans to cut up to 100,000 jobs and close four German factories as part of CEO Oliver Blume's strategy to reduce costs and improve competitiveness.
InSilico pursues up to 150 years with AI, pioneers trials
InSilico, a pioneer in AI drug discovery, aims to dominate China's pharma market while developing a groundbreaking "God-like" drug to extend human lifespan to 150 years.
Government to launch MSME digital platforms at World MSME Day
The government will launch advanced digital platforms on World MSME Day 2026 to boost India's MSME ecosystem, focusing on innovation, market access, and ease of doing business.
Chip maker Micron briefly surpasses Meta, Tesla in market value
Micron Technology, the leading US memory-chip manufacturer, has briefly surpassed tech giants Meta Platforms and Tesla in market capitalization.
Foreign investors pull $5bn from India funds, assets drop 19.5%
Foreign investors withdrew $5 billion from India-focused funds in Q1 2026 as global capital pivoted to AI-linked markets, with Korea and Taiwan emerging as key beneficiaries.
India's engineering exports hit record $12.31 billion in May 2026
India's engineering goods exports reached an all-time high of US$ 12.31 billion in May 2026, marking a 24.48% year-on-year growth despite challenges from the West Asia conflict.
'It seemed absurd': BigBasket co-founder on early doubts about quick-commerce
BigBasket co-founder Hari Menon has admitted that he was initially skeptical about the concept of quick commerce.
Jubilant Generics secures tentative FDA approval for pantoprazole sodium suspension
Jubilant Pharmova's subsidiary received tentative USFDA approval for Pantoprazole Sodium Delayed Release Oral Suspension, pending patent expiry in 2026.
Crude oil prices fall nearly 2% on easing supply concerns
Crude oil prices witnessed a nearly 2% decline on Friday, heading for a sharp weekly loss.
Parliamentary panel to meet RBI on crypto regulations in India
India's Parliamentary Standing Committee on Finance will meet with officials from the Reserve Bank of India (RBI) on July 2, 2026.
Pocket FM CEO breaks silence on microdrama app shutdown
Pocket FM, a leading audio entertainment company, recently announced the shutdown of its microdrama vertical, Pocket TV.
AI won't cause job apocalypse, but disruption expected: Goldman Sachs
A recent report by Goldman Sachs has downplayed fears of an impending "AI job apocalypse," despite the rapid development of artificial intelligence (AI) technology.
Australian fintech Airwallex raises $320 million at $11 billion valuation
Airwallex raised $320 million, boosting its valuation to $11 billion, with plans to expand globally and enhance AI-driven autonomous finance and commerce solutions.
Kospi plunges 8.2% after Apple and Microsoft price hikes
South Korea's Kospi index is experiencing extreme swings, driven by AI-related euphoria, rising costs, and heavy retail speculation colliding with foreign investor outflows.
Affordable AI like Z.ai's GLM-5.2 drives firms to private servers
Jefferies reports that low-cost AI models like Z.ai's GLM-5.2 are spurring demand for computing infrastructure, benefiting memory chip makers amid accelerating global AI adoption.
Goldman Sachs raises India's 2026 growth forecast to 6.8%
Goldman Sachs has raised India's CY26 GDP growth forecast to 6.8% y-o-y, while lowering inflation to 4.4% and the current account deficit to 1.1% of GDP.
GIFT Nifty drops 150+ points amid global AI stock sell-off
The GIFT Nifty, an early indicator of Indian equity market performance, has witnessed a sharp decline of over 150 points.
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).
Delhi HC orders Meesho to remove fake Jockey listings
The Delhi High Court has ordered e-commerce giant Meesho to remove product listings that allegedly violate the trademark of American innerwear and apparel brand Jockey, according to Bar & Bench.
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.
Why OpenAI is delaying its IPO to 2027
OpenAI, the company behind the popular AI chatbot ChatGPT, is considering delaying its initial public offering (IPO) until 2027, according to The New York Times.
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.
CRED introduces AI coach to help users understand credit scores
Fintech platform CRED has launched an innovative artificial intelligence (AI)-powered credit coaching feature.
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.
Why Airbus is grounding multiple A380 aircraft
Airbus has announced plans to inspect 16 of its A380 aircraft, including five on an urgent basis.
Why UK has banned some Calvin Klein, Adidas ads
The UK's Advertising Standards Authority (ASA) has banned advertisements from fashion giants Calvin Klein, Adidas, and Uniqlo.
Why Alibaba is suing US government
Chinese tech and e-commerce giant Alibaba has sued the US government after being added to a Pentagon blacklist of companies allegedly linked to China's military.
Oil prices falls to 4-month low
Oil prices continued their downward trend on Wednesday, nearing the four-month lows seen in the previous session.
Adani AGM 2026: Gautam Adani shares strategy to be future-ready
At the Adani Group's 2026 Annual General Meeting (AGM), Chairman Gautam Adani unveiled a three-pronged strategy to strengthen execution, enhance efficiency, and improve workforce welfare.
Google parent Alphabet being added to Dow Jones stock index
Google's parent company, Alphabet, will be added to the Dow Jones Industrial Average stock index from June 29.
How Flipkart is expanding its quick-commerce push in India
Walmart-backed Flipkart has announced that its quick-commerce service, Flipkart Minutes, has established a network of 1,000 micro-fulfillment centers in less than two years.
How Tata Motors plans to make EV business profitable
Tata Motors Passenger Vehicles (TMPV) is gearing up to make its electric vehicle (EV) business profitable even after government subsidies are gone.
Gautam Adani announces big bets on nuclear power and AI
At the Adani Group's Annual General Meeting (AGM), chairperson Gautam Adani unveiled an ambitious plan for the future.
Realme India CEO quits
Michael Guo, the CEO of Realme India, has resigned from his position. The move comes as part of a major restructuring process within the company.