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Sarda Energy Q4 FY26 profit jumps 46% to ₹158cr
Sarda Energy & Minerals reported a 46% rise in Q4FY26 net profit to ₹158 crore, driven by robust operating performance and margin expansion, despite a modest 1.2% revenue growth.
India limited fuel rises near 5% despite West Asia crisis
India recorded one of the world's smallest fuel price hikes, with petrol and diesel rising around 5%, despite global surges driven by the West Asia crisis.
NTPC Q4 FY26 profit rises 15% to ₹8,747.3cr, revenue declines
NTPC reported a 15% year-on-year rise in standalone profit to ₹8,747.3 crore for Q4FY26, surpassing estimates despite a 13.5% revenue decline amid margin pressures.
ClickUp cuts 22% of workforce to shift focus to AI
ClickUp has laid off 22% of its staff, shifting focus to AI-driven operations. CEO Zeb Evans announced new "million-dollar salary bands" for employees excelling in AI innovation.
Piyush Goyal begins 3-day Canada visit leading 150-member trade mission
India's Trade Minister Piyush Goyal will lead a 150-member delegation to Canada from May 25-27, aiming to strengthen trade ties and discuss a potential free trade agreement.
NVIDIA forecasts $200 billion CPU market with China included
Nvidia CEO Jensen Huang confirmed that China's market is part of the company's $200 billion CPU forecast, emphasizing its importance despite ongoing U.S.-China technology tensions.
Piyush Goyal says India deepens Canada partnership on critical minerals
India's Commerce Minister Piyush Goyal aims to strengthen collaboration in critical minerals and advance the India-Canada free trade agreement during his upcoming visit to Canada.
IndusInd Bank now offers work-from-home option to more employees
IndusInd Bank has announced the expansion of its roster-based work-from-home (WFH) framework to more departments, following its successful adoption across select teams.
India's gross FDI inflows in FY26 hit a record $94.5B
India's gross foreign direct investment (FDI) inflows for the fiscal year 2025-26 have hit a record high of $94.53 billion, according to data from the Reserve Bank of India (RBI).
Eicher Motors' Q4 results: Profit rises 12% YoY to ₹1,520cr
Eicher Motors has reported a 12% year-on-year (YoY) rise in its consolidated net profit for the fourth quarter of FY26.
India's forex reserves fall by $8.09B to $688.894B
India's foreign exchange reserves have witnessed a major decline, falling by $8.094 billion to settle at $688.894 billion for the week ending May 15, data from the Reserve Bank of India (RBI) revealed.
Adani pays ₹6,000cr to lenders of Jaiprakash Associates
Adani Group has paid ₹6,000 crore to the lenders of Jaiprakash Associates. The payment is the first installment of a larger ₹14,535 crore resolution plan.
Why NRIs pulled out $2B from Indian banks in March
The Indian diaspora withdrew almost $2 billion from local banks in March, according to data from the Reserve Bank of India (RBI).
Indians remitted $2.59B overseas in March, says RBI
Indians had remitted $2.59 billion overseas in March 2026 under the Reserve Bank of India's (RBI) Liberalized Remittance Scheme (LRS).
Bitcoin falls nearly 3% to $75,398 amid global market worries
Bitcoin witnessed a 3% decline to $75,398 as over $400 million in leveraged crypto positions were liquidated, driven by macroeconomic concerns and geopolitical uncertainties.
FPIs withdraw ₹3,325.83cr from Indian shares amid market caution
Foreign portfolio investors withdrew ₹3,325.83 crore from Indian equities during the week ending May 22, 2026, amid mixed trends and global uncertainties.
Fenwick & West settles FTX customer claims for $54 million
Fenwick & West agreed to a $54 million settlement over allegations it enabled FTX's fraud, despite denying wrongdoing, marking a key development in the crypto exchange litigation.
Tata Consultancy Services ties pay to attendance and deployment metrics
TCS employees face reduced take-home salaries as the company ties monthly variable pay to office attendance and restructures salary components under new labour code compliance.
Dhoot Transmission files IPO update with SEBI seeking ₹1,400 cr
Dhoot Transmission, backed by Bain Capital, has filed updated IPO papers with Sebi to raise Rs 2,258 crore. The offering includes a fresh issue of Rs 1,400 crore and an OFS.
Glenmark Pharmaceuticals's US arm agrees to $29.628 million price fixing settlement
Glenmark Pharmaceuticals Inc., USA agreed to pay $29.6 million over five years to settle antitrust litigation linked to generic drug price-fixing allegations in the US.
SpaceX posts $18.7B revenue, $4.9B AI and infrastructure loss
SpaceX revealed soaring revenues of USD18.7 billion in 2025 but reported massive losses exceeding USD4.9 billion, driven by aggressive AI investments and ambitious expansion plans.
Jeff Bezos says AI bubble will drive experimentation and investment
Jeff Bezos believes the current AI investment frenzy, even if unsustainable, will drive innovation. He argues that long-term societal benefits outweigh short-term risks or losses.
LIC targets double-digit revenue growth and margin expansion in 2026-27
Life Insurance Corporation of India aims to sustain double-digit revenue growth in FY27 while prioritizing margin expansion amid market volatility.
Zoho's Sridhar Vembu urges Indian professionals in US to return
Zoho co-founder Sridhar Vembu has urged Indians in the US on temporary visas to return home, emphasizing self-respect and contributing to India's technological and economic growth.
Mizuho Financial Group opens Global Capabilities Center in Pune
Mizuho Financial Group has inaugurated a Global Capabilities Center in Pune, bolstering its global technology delivery and operational resilience for large-scale banking platforms.
RBI sold $53.1 billion in FY26 (the fiscal year ended March 2026) to stabilize the rupee
RBI increased net dollar sales to $53.1 billion in FY26, up $12 billion from FY25, aiming to curb exchange rate volatility and support the rupee amidst global uncertainties.
Indians sent $29 billion under LRS in FY26, down 2% from FY25 (the previous fiscal year)
India's outward remittances under LRS fell 2% to $29 billion in FY26, driven by a sharp decline in overseas education and travel spending despite rising asset-backed outflows.
IDFC FIRST Bank launches FD-backed Business Multiplier Metal Credit Card
IDFC FIRST Bank introduces the FD-backed ‘Business Multiplier Metal Credit Card,’ offering entrepreneurs flexible credit, rewards, and zero forex markup benefits.
IndusInd Bank expands work from home after positive results
IndusInd Bank broadens its work-from-home framework for operational efficiency, while Yes Bank plans to extend hybrid work modes to non-customer facing roles.
Sensex jumps 232 to 75,415, Nifty 23,719 on Iran-US hopes
Indian equity benchmarks ended the week with modest gains, driven by optimism over a potential Iran-US peace deal and strong performances in banking and consumption-linked stocks.
SpaceX launches 1st Starship V3 test, hits ocean and ignites
SpaceX launched its upgraded Starship V3 on a critical test flight, days before Elon Musk announced the company's record-breaking $1.75 trillion IPO set for next month.
Investors shift in India from seeds and fertilizers to drones
Investors are transitioning from traditional farm inputs to drone-powered intelligence, driven by measurable efficiency gains and scalable precision agriculture solutions.
Indian Oil Corporation denies reports of fuel shortage
Indian Oil Corporation (IOC), the largest oil company in India, has denied reports of a nationwide fuel shortage.
Lip-Bu Tan sets B0 2nd try rule to cut delays
Intel CEO Lip-Bu Tan demands engineers deliver A0 silicon on the first tape-out or face termination, enforcing a culture shift to rival TSMC’s efficiency.
Cloudflare cuts over 20% of staff, Matthew Prince cites AI
Cloudflare CEO Matthew Prince predicts AI will primarily replace monitoring roles, while "builders" and "sellers" are likely to thrive as companies adapt to AI-driven operations.
IndianOil says no nationwide fuel shortage amid harvest season demand
Indian Oil Corporation clarified there is no nationwide petrol and diesel shortage, attributing supply issues at select outlets to localised demand-supply mismatches.
Apple takes Epic Games to court over commissions again
Apple has challenged a ruling in its ongoing legal battle with Epic Games over App Store commissions.
Anthropic poised to become the world's most valuable AI start-up
Anthropic, an artificial intelligence (AI) start-up founded in 2021 by former OpenAI employees, is on the verge of raising over $30 billion in its latest funding round.
CCI closes case against 12 Delhi hospitals after decade-long probe
The Competition Commission of India (CCI) has closed a decade-old case against 12 hospitals in Delhi, including Max Super Specialty Hospital and Fortis Escorts Institute.
Kevin Warsh sworn in as new Fed chair
Kevin Warsh has officially taken the oath of office as the new chairman of the US Federal Reserve.
Anthropic closing more than $30B round to exceed $900B valuation
Anthropic is poised to secure a $900 billion valuation, surpassing OpenAI, as it closes a $30 billion funding round led by Sequoia, Dragoneer, Altimeter, and Greenoaks.
Hindalco India posts March quarter profit 3,549cr and revenue 35,016cr
Hindalco Industries' India operations achieved record revenue of ₹35,016 crore and profit of ₹3,549 crore in Q4, driven by strong aluminium and copper business performance.
US dollar near 6-week high as Iran tensions worry traders
The dollar hovered near six-week highs as traders assessed Middle East conflict risks and potential Federal Reserve rate hikes amid inflation concerns fueled by energy disruptions.
Jammu and Kashmir posts 13-fold FY26 investment rise to ₹5,824cr
Jammu & Kashmir secured ₹5,824 crore in investments in 2025-26, a 13-fold increase from pre-2021 averages, driven by the Centre's ₹28,400-crore special industry scheme.
Google challenges 2024 US court monopoly ruling over search ads
Google has appealed a 2024 ruling by Judge Amit Mehta, which found the company illegally maintained monopolies in online search and related advertising markets.
Rupee at record low boosts UAE dirham remittances to India
The Indian rupee has hit a new low against the UAE dirham, prompting a surge in remittances from Indian expatriates in the Gulf region.
RBI transfers record ₹2.87 lakh crore surplus to government
The Reserve Bank of India (RBI) has announced a record surplus transfer of ₹2.87 lakh crore to the central government for the fiscal year 2025-26 (FY26).
Rupee slump forces India to rethink import strategy
Union Minister Piyush Goyal has said that the Indian government is keeping a close eye on the rapidly depreciating rupee against the US dollar.
Pixxel seeks $100M funding after Deepinder Goyal opts out
Pixxel, a Bengaluru-based space tech start-up, is in talks to raise between $80 million and $100 million in its latest funding round.
Steel Ministry seeks removal of anti-dumping duty on met coke
India's Ministry of Steel has requested the Finance Ministry to remove anti-dumping duties on low-ash metallurgical coke imports.
SEBI issues temporary WFH advisory, postpones non-essential events
The Securities and Exchange Board of India (SEBI) has issued a temporary administrative advisory, allowing work-from-home for its employees, according to Moneycontrol.
Samsung averts strike with deal offering an average $338,000 bonus
Samsung Electronics has averted a planned 18-day strike by reaching a tentative agreement with labor unions.
Gaming studio Bungie to fire staff amid 'Destiny 2' shutdown
Bungie, the studio behind the popular Destiny franchise, is reportedly planning a round of layoffs.
US states urge judge to break up Live Nation, Ticketmaster
A coalition of 33 US states and the District of Columbia has filed a motion in the Southern District of New York, calling for the breakup of Ticketmaster and its parent company, Live Nation.
IMAX in early-stage talks for potential sale
IMAX, the giant behind the big-screen experience, is in early-stage talks with potential buyers, according to The Wall Street Journal.
Oil prices rise as US-Iran talks remain uncertain
Oil prices have resumed their upward trend after a three-day slump, amid uncertainty over the US-Iran peace deal negotiations.
Meta settles lawsuit over social media addiction in children
Meta, the parent company of Facebook and Instagram, has settled a major lawsuit with the Breathitt County School District in Kentucky.
RBI may transfer ₹2.9-3.2 trillion surplus to government
The Reserve Bank of India (RBI) is set to make a record surplus transfer to the central government for the current fiscal year.
This Indian-origin Musk ally could make $92B from SpaceX IPO
Antonio Gracias, an Indian-origin investor and close associate of Elon Musk, stands to gain a massive windfall from SpaceX's upcoming IPO.
X fined in Australia for not complying with child-safety measures
Elon Musk's social media platform, X Corp, has been fined A$650,000 (nearly $463,063) by an Australian court.
WeWork India shares surge 20% after strong Q4 results
WeWork India Management Ltd's shares hit the upper circuit limit of 20% on Thursday, following a stellar performance in its fourth quarter (Q4) earnings.
What Meta is offering thousands of laid-off employees
Meta Platforms has started laying off around 8,000 employees globally. The move is part of a larger organizational restructuring aimed at improving efficiency and reallocating resources.
SpiceJet faces fresh legal trouble, lessor seeks $8M dues enforcement
Cash-strapped airline SpiceJet is facing another legal challenge.
SpaceXAI is hiring! Musk says no prior AI experience needed
Elon Musk's SpaceX is on a new hiring spree for its artificial intelligence (AI) division, dubbed "SpaceXAI."
What drove India's wholesale inflation to a 42-month high
India's wholesale inflation has hit a 42-month high, soaring to 8.3% in April from March's 3.88%.
JPMorgan to hire more AI specialists, fewer bankers
Jamie Dimon, the CEO of JPMorgan Chase, has announced that the company will be hiring more artificial intelligence (AI) specialists. This comes as a shift from traditional banking roles.
RBI considers interest rate hike to stabilize rupee
The Reserve Bank of India (RBI) is weighing all possible measures to stabilize the Indian rupee, including an interest rate hike and currency swaps.
RBI considers rate hike as rupee hits new low
The Reserve Bank of India (RBI) is exploring various measures to stabilize the rupee, including an interest rate hike.
India IPO market set for revival in second half: Citigroup
Citigroup has predicted a revival in India's initial public offering (IPO) market in the second half of 2026.
350 jobs at risk in Ireland as Meta plans layoffs
Meta, the parent company of Facebook, Instagram, and WhatsApp, has announced plans to cut about 10% of its workforce.
Indian-origin Microsoft veteran Soma Somasegar (59) dies
Soma Somasegar, a highly respected Indian-origin technology executive and former Microsoft executive, has died at the age of 59.
OpenAI could go public by September
OpenAI, the company behind the popular ChatGPT chatbot, is gearing up for an initial public offering (IPO) in the coming weeks, according to The New York Times.
Publishers win $19.5M judgment in piracy lawsuit against shadow library
A coalition of 13 major publishers has won a massive $19.5 million judgment against the controversial shadow library, Anna's Archive.
India's private sector growth slows in May
India's private sector activity witnessed a slowdown in May, with the HSBC India Composite Purchasing Managers' Index (PMI) easing to 58.1 from April's 58.2.
NVIDIA hits record revenue, announces $80B buyback plan
NVIDIA has reported a record-breaking revenue of $81.6 billion for the quarter ending April 26, marking a 20% increase from the previous quarter.
Anthropic on track for 1st-ever profitable quarter
Anthropic, the AI start-up that has been making waves in the industry, is on track to achieve its first-ever profitable quarter, according to The Wall Street Journal.
xAI lost $6.4B last year, SpaceX's IPO filing reveals
Elon Musk's artificial intelligence (AI) company, xAI, reported a staggering $6.4 billion operating loss in 2025, according to SpaceX's IPO filings.
Musk's SpaceX pay hinges on Mars colonization, space data centers
Elon Musk's compensation package as the CEO of SpaceX is heavily dependent on ambitious space exploration milestones.
Intuit to lay off 3,000 employees
Intuit, the financial software giant behind popular products like TurboTax and QuickBooks, is laying off nearly 3,000 employees or about 17% of its global workforce.
SpaceX files for IPO
Elon Musk's space exploration company, SpaceX, has filed for an initial public offering (IPO) in the US.
Samsung averts major strike after tentative wage deal
Samsung Electronics' shares surged by as much as 6.5% in morning trade on Thursday.
India's core sector output jumps 1.7% in April
India's infrastructure output witnessed a modest growth of 1.7% in April, up from a revised 1.2% in the previous month.
Lenskart's Q4 results: Net profit down 7.5% YoY to ₹204cr
Leading eyewear brand Lenskart has announced its financial results for Q4 of FY26.
Ola Electric's Q4 loss down 42.5% YoY to ₹500cr
Ola Electric Mobility has reported a consolidated net loss of ₹500 crore for the March quarter.
BPCL now imports 41% of its oil from Russia
State-owned Bharat Petroleum Corporation Limited (BPCL) has ramped up its import of Russian oil to around 40-41% of its total imports.
US company slammed for rewarding vaping with Bitcoin
Puffpaw, a blockchain hardware manufacturer in the US, has come under fire for its controversial marketing strategy.
India's competition watchdog has a warning for Big Tech firms
The Competition Commission of India (CCI) has vowed to prevent Big Tech firms from creating a "winner-takes-all" environment in the country's rapidly growing digital economy.
Modi's 'Melody' moment with Italian PM sparks Parle Industries rally
Shares of Parle Industries have hit the upper circuit after Prime Minister Narendra Modi's gesture of gifting Melody toffees to Italian Prime Minister Giorgia Meloni during his Rome visit.
India's GDP to grow at 6.4% in 2026: UN
The United Nations (UN) has revised its economic growth forecast for India, projecting a rate of 6.4% for 2026. The new estimate is lower than the previous projection of 6.6%.
US Treasury bond yield hits 19-year high: What's the reason?
The yield on the 30-year US Treasury bond has surged to its highest level since 2007, hitting a peak of 5.2%.
Crude oil prices surge in India today: What's the reason?
Crude oil prices on the Multi Commodity Exchange (MCX) rose nearly 0.7% to ₹10,095 per barrel today.
Southwest Airlines opens 1st tech hub outside US in Hyderabad
Southwest Airlines has opened its first-ever Global Innovation Center outside the US in Hyderabad.
Why India Semiconductor Mission 2.0 might be extended to 12-years
The Indian government is mulling an extension of the second phase of the India Semiconductor Mission (ISM) to up to 12 years, senior officials have told Business Standard.
After Trump-Xi summit, China agrees to buy 200 Boeing jets
China has confirmed its decision to buy 200 Boeing jets, following a recent meeting between US President Donald Trump and Chinese President Xi Jinping in Beijing.
India to send oil tankers through Strait of Hormuz again
India is gearing up to send vessels through the Strait of Hormuz for energy cargoes from Middle East suppliers.
Over 48,000 Samsung workers set to strike tomorrow
Samsung Electronics' labor union has announced plans to strike on May 21, after wage negotiations with the tech giant failed.
Meta begins laying off 8,000 employees
Meta Platforms has started laying off around 8,000 employees worldwide as part of a restructuring process.
Tesla cancels India factory plans
Tesla has reportedly scrapped its plans to set up an electric vehicle (EV) factory in India.
India plans $1B incentive for electric busses, trucks adoption
Indian government is mulling over an incentive program worth over $1 billion to promote the adoption of electric busses and trucks by private operators.
Indian rupee hits all-time low of ₹96.91 against US dollar
The Indian rupee has hit an all-time low of ₹96.91 against the US dollar, owing to rising US Treasury yields, high crude oil prices, and geopolitical tensions in West Asia.