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YouTube, Snap and TikTok settle Breathitt County mental health lawsuit
YouTube, Snap, and TikTok have settled claims with a Kentucky school district over social media's role in youth mental health issues, avoiding an upcoming trial.
Elon Musk loses California suit against OpenAI, plans to appeal
A federal judge ruled against Elon Musk's claims that OpenAI abandoned its non-profit mission, but Musk plans to appeal, alleging misconduct and vowing the fight is far from over.
Samsung Electronics faces 18-day strike by nearly 45,000 unionized workers
Samsung faces a historic 18-day worker strike starting May 21, risking a complete shutdown of its advanced semiconductor production lines and billions in revenue losses.
Standard Chartered to cut over 7,000 jobs, aim 18% ROTE
Standard Chartered aims to cut over 7,000 roles by 2030, leveraging automation and AI, as it targets an 18% return on tangible equity within the same timeframe.
Oakland jury finds Elon Musk filed suit against OpenAI late
Elon Musk criticized the jury's ruling against his lawsuit on OpenAI, claiming it was based on technicalities. He announced plans to appeal the decision in the Ninth Circuit court.
No Indian company in global top 100 by market cap
India's equity market downturn has pushed Reliance, HDFC Bank, and TCS out of the global top 100 by market cap for the first time in years.
Sensex slips 77 points as Nifty ends flat at 23,650
GIFT Nifty hints at a positive opening, rising 0.23%, while Asian stocks gain on optimism over easing geopolitical tensions and potential energy flow restoration.
Gold inches to $4,561.90, silver $77.68 as US dollar weakens
Gold and silver prices held steady as a weaker US dollar bolstered demand, while falling crude oil prices eased inflation concerns amid ongoing monitoring of interest rate trends.
Gold steadies as President Donald Trump pauses Iran strike
Gold prices stabilized as the dollar weakened and oil prices fell, following President Trump's decision to pause a planned attack on Iran to encourage negotiations.
Meta cuts about 10% globally, shifts nearly 7,000 to AI
Meta plans to transfer 7,000 employees to AI-focused initiatives and eliminate managerial roles as part of a broader restructuring effort, impacting 20% of its workforce globally.
Trump delays Iran strikes, Brent crude falls 2.7% to $109
Brent crude fell 2.7% to $109 as Trump paused military action against Iran, while Asian stocks gained amid hopes for renewed negotiations and easing geopolitical tensions.
Indian Oil reports 56% quarterly profit surge to ₹11,377.51cr
Indian Oil Corporation reported a 56% rise in Q4 FY26 net profit to Rs 11,377 crore, driven by robust marketing and refining margins despite global energy market disruptions.
Japan's economy grows 0.5% in Q1 2026 on spending, investment
Japan's GDP expanded 0.5% in Q1 2026, surpassing forecasts of 0.4%, driven by private consumption and corporate investment despite rising energy prices.
Oil prices drop as President Trump delays strike on Iran
Oil prices dropped over 2% after President Trump paused a planned military strike on Iran, citing negotiations, easing immediate geopolitical tensions in the Middle East.
SEBI may drop research analysts' institutional call recording requirement
Sebi proposes exempting research analysts from recording calls with institutional investors, citing their sophistication and ability to assess risks independently.
Y Combinator Startup School credits worth $25,000 resold online
Indian attendees of Y Combinator's Startup School are selling $25,000 worth of free AI credits at discounted rates, creating a grey market amid activation issues and restrictions.
TCS ties performance pay to WFO index and deployment index
TCS has introduced a revised salary structure, tying monthly performance pay to office attendance and deployment metrics, leaving employees confused about its impact.
Standard Chartered to cut over 15% back-office jobs by 2030
Standard Chartered plans to reduce back-office support roles by over 15% by 2030, leveraging automation and AI to enhance efficiency and boost income per employee by 20% by 2028.
TCS, Infosys, HCL Technologies and Wipro shares hit 2008-09 lows
Indian IT exporters' valuations have plunged to 15-18 P/E multiples, driven by AI advancements and OpenAI's enterprise entry, with stocks losing nearly 30% in 2026.
Bitcoin Depot files bankruptcy, will sell assets under court supervision
Bitcoin Depot, once North America's largest crypto ATM network, has filed for bankruptcy as regulatory crackdowns and fraud allegations cripple the industry.
SEC set to roll out innovation exemption for tokenized shares
The SEC is preparing an innovation exemption to enable trading tokenized stocks, potentially reshaping U.S. markets and raising regulatory concerns.
Michael Dell calls AI enterprise operating model at Dell World
Dell Technologies CEO Michael Dell emphasizes AI's transformation from a feature to the foundational operating model driving modern enterprises.
India reports West Asia container rates $2,000 and LPG $207
Shipping freight charges for West Asia-bound containers have surged ten-fold, with rates climbing from $203 to $2,000 per TEU due to heightened risks and regional instability.
Elon Musk loses California lawsuit against OpenAI, Microsoft, Sam Altman
Elon Musk’s lawsuit against Sam Altman, OpenAI, and Microsoft was dismissed after a California jury ruled it was filed too late under the statute of limitations.
Meta cuts 10% of global workforce to prioritize AI
Meta will lay off 10% of its global workforce this week, restructuring teams to focus on AI workflows and adopting flatter organizational structures for improved productivity.
RBI to consider ₹2.7L/cr to 3L/cr dividend May 22
The RBI board will meet on May 22 to decide a record surplus transfer for FY27, estimated between Rs 2.7 lakh crore and Rs 3 lakh crore by economists.
NITI Aayog urges return of 5% GST on R&D procurement
NITI Aayog has recommended restoring the 5% GST slab for R&D procurement, citing its potential to enhance available funds and boost India's research ecosystem.
Bondada Engineering wins ₹469.52cr Adani BOS orders for 250MW Khavda
Bondada Engineering has received ₹469.52 crore worth of orders from the Adani Group for executing a 250-MW solar project in Gujarat, strengthening its renewable energy portfolio.
Donald Trump drops $10B lawsuit after $1.776B Justice Department fund
President Donald Trump has withdrawn his $10 billion IRS lawsuit. In return, the DOJ established a $1.776 billion fund to compensate his allies and issued him an apology.
Kalshi pledges $2 million to NCPG for trader safety amid scrutiny
Prediction market platform Kalshi will invest $2m over two years in the National Council on Problem Gambling to promote trader health and safety amid regulatory scrutiny.
How India's LPG shortage is having an effect on California
India, world's most populous country, relies heavily on LPG for cooking.
Why Apple Pay's launch in India has been delayed
Apple's plans to launch its payment service, Apple Pay, in India have hit a snag over commission negotiations with major banks, Moneycontrol has reported.
ICICI Bank to retain majority stake in ICICI Prudential Life
ICICI Bank has announced its decision to maintain a majority stake in the ICICI Prudential Life Insurance Company.
How NPS plans to make your retirement easier
The Pension Fund Regulatory and Development Authority (PFRDA) has announced a major change in the National Pension System (NPS).
Kalshi, Polymarket onboarding Indian users despite ban on online betting
Despite India's ban on online betting platforms, Kalshi and Polymarket are still allowing Indian users to sign up and trade on their prediction markets.
Why SEBI has summoned company secretary of IndusInd Bank
The Securities and Exchange Board of India (SEBI) has summoned IndusInd Bank's Company Secretary Anand Das in connection with an alleged insider trading case, Moneycontrol has reported.
OPPO wants to form a manufacturing JV in India
Chinese smartphone giant OPPO is in talks with Indian electronics makers Amber Group and Bhagwati Products to form a manufacturing joint venture (JV) in India, as per Moneycontrol.
India-Oman FTA might be effective from June 1: Piyush Goyal
India's free trade agreement (FTA) with Oman should come into effect from June 1, Commerce Minister Piyush Goyal announced today.
Bank of India has revised interest rates for these FDs
Bank of India has revised its interest rates on medium and long-term fixed deposits (FDs) of less than ₹3 crore.
SEBI plans rules for AI-based trading
The Securities and Exchange Board of India (SEBI) is working on a framework to regulate artificial intelligence (AI)-driven trading.
Sensex rebounds over 1,100 points from day's low
The benchmark indices, Sensex and Nifty, have staged a partial recovery on May 18. The recovery comes after a sharp decline of up to 1.3% in intra-day trading.
Anthropic, OpenAI dominate paid AI app market with 89% share
Anthropic and OpenAI together account for the majority of the paid artificial intelligence (AI) app market, a new survey has revealed.
Centre reviews IDBI Bank stake sale
The Indian government is looking for ways to revive the stalled sale of a majority stake in IDBI Bank. The move comes after bids earlier this year fell short of expectations.
Apple must cooperate with India's antitrust probe: Delhi High Court
The Delhi High Court has ordered Apple to fully cooperate with the ongoing antitrust investigation into its iPhone app market practices.
Samsung Electronics' union will go on strike as planned
Samsung Electronics' union has said in a statement that it will proceed with its planned strike despite a local court partially granting the company's request for an injunction.
SEBI's intraday borrowing proposal: What it means for mutual funds
The Securities and Exchange Board of India (SEBI) has proposed a major change in the way mutual funds operate.
India retains position as world's fastest-growing major steel producer
India has retained its position as the world's fastest-growing major steel producer, according to a recent report by Goldman Sachs.
NSE starts digital gold trading
The National Stock Exchange of India (NSE) has launched live trading in its Electronic Gold Receipts (EGRs) segment.
Bain Capital raises $10.5B for Asia-focused private equity fund
Bain Capital, a leading global investment firm, has announced the final close of its sixth Asia-focused private equity fund.
Energy crisis: Delhi govt advises 2-day WFH, staggered office hours
In light of the ongoing global energy crisis, the Delhi government has issued an advisory urging private companies and organizations to implement a minimum of two-day work-from-home (WFH) policy and staggered office hours.
Why Hindustan Zinc's shares are falling sharply
Hindustan Zinc's shares have witnessed a steep decline of over 7% in the last two trading sessions.
How companies in EU will lower reliance on China
The European Union (EU) is drafting new regulations that would require companies in the bloc to source critical components from at least three different suppliers.
HDFC Bank devalues its credit cards: How it affects you
HDFC Bank has announced a series of changes to the benefits associated with its Regalia Gold and Diners Privilege credit cards.
HSBC to lend $4B to these Chinese companies
HSBC has announced a new $4 billion credit facility to support Chinese companies in sustainable and transitional technology.
Bitcoin hits 2-week low today: Here we decode why
Bitcoin has hit a two-week low of $76,700 as the cryptocurrency market faces a major selloff.
US-Iran war has cost global firms around $25B
The ongoing US-Israeli conflict with Iran has already cost global companies at least $25 billion, a Reuters analysis has found.
This little-known $2 trillion company is bigger than Tesla, Meta
While Tesla, Apple, and Berkshire Hathaway hog the limelight, a little-known tech giant has quietly made its way to the top of America's most valuable companies.
Airtel becomes India's 2nd-most valuable company
Telecom giant Bharti Airtel has overtaken HDFC Bank to become the second-most valuable company in India by market capitalization.
Paytm brings UPI to teens with Pocket Money feature
Paytm has launched a new feature called 'Pocket Money,' allowing teenagers to make UPI payments even if they don't have their own bank account.
ICICI Prudential Life shares fall 7%: What's driving the decline?
ICICI Prudential Life Insurance Company Limited's shares have witnessed a sharp decline of over 7% in early trade today.
India plans highway monetization worth ₹35,000cr
The Indian government is planning to monetize 28 national highway assets, covering over 1,800km in FY27. The move is expected to generate around ₹35,000 crore.
Mutual funds' tech allocation at 8-year low: What's the reason
Mutual funds have slashed their investment in the technology sector to an eight-year low of 6.7% in April 2026, a report by Motilal Oswal Financial Services has shown.
BSE set to enter Nifty 50
India's oldest stock exchange, BSE Ltd, is likely to be included in the Nifty 50 Index during its September 2026 rebalancing.
SHEIN acquires US apparel brand Everlane for $100M
Chinese e-commerce giant SHEIN is reportedly acquiring US apparel retailer Everlane from its majority owner, L Catterton.
Centre plans financial support for long-duration energy storage tech
India is working on a policy and financial support framework to promote long-duration energy storage (LDES) technologies.
HAL shares fall 11% in 3 days: Know why
Shares of Hindustan Aeronautics Limited (HAL) plunged nearly 5% in Monday's trading session. The fall extends a three-day losing streak, with the stock down over 11% during this period.
US nuclear industry delegation visiting India this week
A 20-member executive delegation from the American nuclear industry is visiting India this week.
Uber CEO rules out immediate return to Indian food delivery
Uber's CEO Dara Khosrowshahi has ruled out an immediate return to India's food delivery sector.
China consumer spending hits 41-month low
China's economy showed signs of weakness in April, with retail sales, industrial output, and investment growth all falling short of expectations.
Sensex crashes 1,000 points: What's behind today's decline?
Indian stock markets witnessed a major crash on Monday. The fall was mainly due to rising global bond yields, surging oil prices, and a new record low for the Indian rupee.
Indian rupee hits all-time low of 96.18 against US dollar
The Indian rupee has hit an all-time low of 96.18 against the US dollar on Monday.
Gold, silver prices decline amid oil surge, fresh US-Iran tensions
Gold and silver prices fell in international markets on Monday, driven by a stronger US dollar and rising bond yields.
Who is Krishna Rao, Indian-origin CFO driving Anthropic's AI boom?
Krishna Rao, the Chief Financial Officer (CFO) of Anthropic, is at the forefront of Silicon Valley's unprecedented artificial intelligence (AI) boom.
Crude surges past $112 amid fresh US-Iran tensions
Oil prices have surged for a third consecutive day, with Brent nearing $112 per barrel and West Texas Intermediate (WTI) surpassing $108.
How India plans to secure its oil supplies
India and other oil-importing countries are likely to negotiate bilateral agreements for energy supplies, possibly through coordinated transit corridors.
Separate insolvency proceedings for Videocon Industries, Videocon Oil approved
The National Company Law Appellate Tribunal (NCLAT) has approved separate insolvency proceedings for two entities of the Videocon group: Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL).
India is now KitKat's largest market in the world
India has officially become the largest market in the world for KitKat, Nestle's famous chocolate-coated wafer bar.
Why ATF is now much cheaper in Delhi
In a major move, the Delhi government has slashed the value added tax (VAT) on aviation turbine fuel (ATF) from 25% to just 7%.
Muthoot Fincorp plans to raise ₹4,000cr via IPO in India
Muthoot Fincorp's board has approved a plan to raise up to ₹4,000 crore through an initial public offering (IPO).
Why SBI has been ordered to pay a widow ₹5L
The Nagpur District Consumer Disputes Redressal Commission has ordered the State Bank of India (SBI) to pay ₹5 lakh to a widow for an insurance claim that was filed six years late.
These IPOs will dominate India's primary market next week
India's primary market is set for an active week, with four SME public offers slated to raise over ₹138 crore.
'Royal Pop' watch launch canceled: What did Swatch say?
The launch of the Audemars Piguet x Swatch "Royal Pop" collection turned into a frenzy across major cities, including Bengaluru, Delhi, Mumbai, and Dubai yesterday.
Your power bills in India might go up soon
The Central Electricity Authority (CEA) has proposed a hike in fixed monthly electricity charges, which could lead to an increase in household power bills in India.
Market cap of India's top 9 firms down ₹3.12L crore
The combined market capitalization of nine out of the top 10 most valued companies in India has witnessed a massive drop of ₹3.12 lakh crore last week.
Meet Nirmal Narvekar, Harvard's Indian-American fund manager retiring in 2027
Nirmal Narvekar, an Indian-American financier, has announced his retirement from Harvard University in 2027.
SriLankan Airlines accuses Indian employees of ₹22M fraud
SriLankan Airlines has accused a group of its Indian employees in Chennai's finance department of embezzling ₹22 million.
India, Chile expedite trade agreements with focus on critical minerals
India and Chile are accelerating their bilateral partnership, with a special emphasis on trade agreements and critical minerals.
Foreign investors withdraw ₹27,000cr from Indian equities in May
Foreign Portfolio Investors (FPIs) have continued their trend of withdrawing funds from Indian equities, pulling out ₹27,048 crore in May.
CEOs cutting entry-level hiring as AI increasingly handles routine work
A recent global survey has revealed a major shift in hiring practices among CEOs, with many now preferring experienced professionals over entry-level candidates.
US Fed expected to hold interest rates steady through 2026
The US Federal Reserve is expected to change its easing bias at the next Federal Open Market Committee (FOMC) meeting and adopt a tightening stance through 2026.
Muthoot FinCorp reports ₹73,500cr AUM, posts strong profit, revenue growth
Muthoot FinCorp Limited (MFL) has reported a consolidated assets under management (AUM) of ₹73,448.82 crore for FY26.
India's ₹1.7L crore fuel challenge may have a surprising fix
As India grapples with rising energy import costs and a depreciating rupee amid global oil price fluctuations, a Monaco-based fuel technology company has proposed an innovative solution: water.
Politicians quietly bankroll influencers as paid political endorsements surge online
Social media influencers have become a major target for political campaigns and groups looking to push their agendas without revealing the source of their funding.
Delhivery Q4 results: Net profit sees slight dip to ₹72cr
Leading logistics company Delhivery has reported a slight decline of 0.2% in its net profit for the fourth quarter (Q4) of FY26.
Power Grid Corporation's Q4 profit jumps 10% YoY to ₹4,546cr
Power Grid Corporation of India has reported a nearly 10% increase in its consolidated net profit for the March quarter.
Vodafone Idea posts 1st profit in nearly 6 years
Vodafone Idea has reported a consolidated net profit of ₹51,970 crore for the March quarter of FY2025-26. This is the company's first-ever profit in nearly six years.
Aditya Birla Group to invest ₹4,700cr in Vodafone Idea
Aditya Birla Group has announced a major investment of ₹4,730 crore in Vodafone Idea (Vi) through a preferential allotment.
Amid AI-induced layoffs, this tech role saw 700% hiring growth
As artificial intelligence (AI) continues to transform enterprise technology, a new job title is emerging as the most sought-after role in Silicon Valley: the forward-deployed engineer.
CNG prices hiked again, Delhi crosses ₹80/kg in 2 days
Indraprastha Gas Limited (IGL) has raised compressed natural gas (CNG) prices by ₹1 per kg across its network in Delhi-NCR.
FPIs pull out ₹13,741cr from Indian market this week
Foreign portfolio investors (FPIs) have continued their selling spree in the Indian market for the fourth consecutive week.
Why did UAE exit OPEC and OPEC+ oil cartels?
The United Arab Emirates (UAE) has clarified that its recent exit from OPEC and OPEC+ was a strategic decision, not a political one.
TCS CEO's pay rises to ₹28cr amid 23,460 job cuts
Tata Consultancy Services (TCS) CEO and Managing Director K Krithivasan's total remuneration for FY26 has been pegged at ₹28.1 crore, a 6% increase from the previous year's ₹26.5 crore, as per the company's annual report.
NHPC's Q4 profit jumps 68% to ₹1,549cr
State-owned NHPC has reported a consolidated net profit of ₹1,549.42 crore for the fourth quarter of FY26.