Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
India allows airlines lock fuel prices up to 3 years
The government introduces a voluntary scheme allowing airlines to lock jet fuel prices for up to three years, aiming to curb fare volatility and stabilise operating costs.
Microsoft lays off about 200 from Azure China team
Microsoft is laying off nearly 200 Azure employees in China, citing restructuring efforts as it navigates tightening data regulations and escalating US–China geopolitical tensions.
GSK buys US biopharma company Nuvalent for $10.6B
British pharmaceutical giant GlaxoSmithKline (GSK) has announced its acquisition of US-based biopharmaceutical company Nuvalent for $10.6 billion.
DIIs buy ₹4.16L crore worth of equities in 2026
Domestic institutional investors (DIIs) have been on a buying spree in the Indian equity market this year, with their net purchases surpassing ₹4.16 lakh crore in just over five months of 2026.
This FirstCry-promoted company wants to raise ₹1,000cr via IPO
Swara Baby Products, a FirstCry-promoted company that specializes in manufacturing baby and adult diapers as well as feminine hygiene products, is gearing up for an initial public offering (IPO) of up to ₹1,000 crore.
India well-positioned to weather global economic slowdown: World Bank
The World Bank has said that India is well-positioned to weather the storm of a slowing global economy.
Pentagon blacklists Alibaba, BYD over ties to Chinese military
The Pentagon has added Alibaba, Baidu, and BYD to its list of companies allegedly aiding the Chinese military.
Pentagon blacklists Alibaba, BYD and Baidu over military ties
The Pentagon has added EV maker BYD, Alibaba, and Baidu to its blacklist of Chinese military companies, citing their alleged ties to China’s military-civil fusion strategy.
Bank of England warns of AI 'Question time' deepfakes
The Bank of England has cautioned the public about rising AI-generated scams after deepfake videos falsely depicting a fight between Nigel Farage and Andrew Bailey spread online.
CBIC drafts Section 11A rules allowing GST waivers overriding penalties
The CBIC is formulating rules to implement Section 11A of the CGST Act, enabling the government to waive past GST dues for industries in exceptional cases.
Jailed crypto mogul Sam Bankman-Fried turns to Trump for pardon
Sam Bankman-Fried, the former cryptocurrency mogul who is currently serving a prison term for fraud, has requested a presidential pardon from Donald Trump.
World Economic Forum names 100 Technology Pioneers for 2026
The World Economic Forum has announced its 2026 cohort of 100 innovative start-ups, including nine Indian firms excelling in deep-tech and frontier innovation.
IndiGo shares surge 4% on FY30 growth plans
Shares of InterGlobe Aviation, which operates IndiGo, surged over 4% on Thursday.
Michael Page report: 73% of Indian professionals use generative AI
73% of Indian professionals now use AI at work, marking its shift from an experimental tool to an integral part of daily professional life.
GeM uses AI to cut government procurement costs by 8%
The GeM platform's AI tools have improved efficiency and transparency, delivering 8% savings to the exchequer by ensuring price sanity and optimizing public procurement processes.
Jio, Airtel and Vodafone-Idea say existing networks handle V2V V2I
Indian telcos advocate licensed spectrum for V2X communication, opposing separate service authorisation to ensure secure and scalable deployments.
Ministry of Coal issues Coal Exchange Rules 2026 governing exchanges
The government has notified the Coal Exchange Rules, 2026, establishing a regulatory framework to modernize coal trading and enhance price transparency.
Sun Pharma seeks $12 billion Organon buy, SBI considers funding
State Bank of India plans to contribute up to $1 billion for Sun Pharma’s $12 billion acquisition of Organon, marking a significant move in Indian outbound transactions.
India's data centers to hit 10-15 GW over 5 years
India's data centre capacity may grow to 15 GW in five years, fueled by rising AI adoption and global firms seeking cost-effective infrastructure, says L&T Vyoma CEO Prashant Jain.
Sun Pharma plans $12bn Organon buy with possible SBI backing
State Bank of India plans to commit up to $1 billion to support Sun Pharmaceutical Industries’ $12 billion acquisition of US-listed Organon & Co.
TCS to curb mass hiring as AI handles more work
TCS Chairman N Chandrasekaran announced a reduction in large-scale hiring as AI agents increasingly take over human tasks, signaling a structural shift in workforce planning.
CRED launches new credit and lending app
CRED, a leading player in India's fintech space, has launched a new standalone app called 'Cash by CRED.'
India fuel consumption rises 2.4% to 19.93 million metric tons
India's fuel consumption rose to 19.93 million metric tonnes in May, marking a month-on-month increase, but declined 6.5% compared to the same period last year.
SEBI considers boosting long term commodity derivatives liquidity in India
Sebi is exploring a market-making framework to address liquidity challenges in longer-dated commodity derivatives, aiding effective price hedging.
Foreign investors pour ₹8,795cr into Indian bonds, holdings ₹3.32Lcr
Foreign portfolio investors infused ₹8,795 crore into FAR securities after the government announced tax exemptions on interest income and capital gains from these investments.
Larsen & Toubro deploys robots, modular construction amid labor shortages
Larsen & Toubro is leveraging automation, robotics, and prefabrication to address manpower challenges and enhance efficiency in construction projects, says CFO R Shankar Raman.
India and Nepal launch instant UPI cross border payments
India and Nepal have launched a real-time remittance corridor, enabling instant money transfers using mobile numbers, VPAs, or UPI IDs without sharing bank account details.
Virtusa targets $5B by 2030-31 with AI cloud data engineering
Virtusa aims to outpace IT industry growth by leveraging AI-driven services, targeting $5 billion revenue by 2030-31, and transforming its workforce with an "AI-first" approach.
OpenAI Anthropic NVIDIA raise H-1B filings after $100,000 fee blocked
OpenAI, Anthropic, and Nvidia increased their H-1B visa applications in fiscal 2026, driven by intensified competition for AI talent despite evolving immigration policies.
Copper climbs to 13,695/ton after Iran and Israel pause strikes
Copper prices rose 0.6% to $13,695 a ton as easing Middle East tensions boosted risk appetite, while rebounding tech stocks alleviated pressure on industrial metals demand.
CRED launches Cash by CRED app helping anyone assess affordability
CRED has introduced a standalone app, Cash by CRED, offering tools like credit score checks and loan calculators to simplify borrowing and promote responsible repayment behaviour.
Nikkei rebounds 2.17% to 65,416.63 on Tokyo chip gains
Japan's Nikkei share average climbed 2.17% on Tuesday, driven by strong rebounds in chip-related stocks like Tokyo Electron and Advantest after Monday's sharp sell-off.
World Bank says India's economy holding up amid global slowdowns
India's robust economic fundamentals and expanding trade partnerships position it as a top investment destination, even as global economies face slowing growth.
Integra Robotics raises $1.12 million to upgrade human-in-the-loop and expand products
Finvolve and GrowthCap Ventures have invested $1.12 million in Integra Robotics to support product delivery, market expansion, and development of its human-in-the-loop AI platform.
Bitcoin at $63,400 (₹60.6L) and Ethereum near $1,700 (₹1.62L)
Bitcoin traded near $63,400 as institutional buying offset ETF outflow concerns, while investors awaited the June 10 US inflation report for clearer market direction.
India slips in global market cap rankings amid AI chase
India’s market-cap decline reflects global AI-driven capital flows, not weakening fundamentals, as its diversified economy and domestic growth ensure long-term investment appeal.
BlackRock launches STAR European ETF adding IPOs within 30 days
BlackRock introduces the iShares Space Technologies UCITS ETF, enabling newly listed space companies to join the index within 10 to 30 days.
Zoho's Sridhar Vembu warns 'extreme AI frenzy' will cost buyers
Zoho CEO Sridhar Vembu challenges the global AI investment surge, advocating for long-term bets on overlooked sectors like metallurgy instead of following the "AI cash burn" trend.
IndiGo shares rise on investor day's ambitious FY30 targets
IndiGo's share price soared over 4% on June 9, as brokerages reaffirmed bullish views following the airline's Investor Day, highlighting robust long-term growth prospects.
Acko wants to raise $300M via IPO at $2B valuation
Acko, a leading digital insurance provider, is gearing up to file its draft papers for an initial public offering (IPO) worth around $300 million.
Sam Altman's eye-scanning start-up, Tools for Humanity, is firing workers
Tools for Humanity, the iris-scanning start-up co-founded by Sam Altman, has announced layoffs.
Paytm to increase its headcount by 10%
Indian fintech giant Paytm has announced plans to hire around 4,000 employees over the next nine months.
Natural rubber prices in India hit ₹267 per kg
Natural rubber prices have soared to ₹267 per kg, driven by global supply shortages, adverse weather conditions, and rising international demand amid disruptions in West Asia.
Swara Baby Products backed by FirstCry to file ₹1,000Cr IPO
Swara Baby Products, a hygiene product manufacturer promoted by FirstCry, is set to file draft papers with SEBI in June for an IPO worth up to ₹1,000 crore.
China's silver economy could reach 30 trillion yuan by 2035
China's rapidly ageing population is driving a booming "silver economy," projected to reach 30 trillion yuan by 2035, as businesses innovate to meet retirees' evolving needs.
SpiceJet delays pilot salaries as it seeks government-backed loan
SpiceJet has delayed salary payments to many of its pilots since March, as per internal communications reviewed by Reuters.
At TCS, AI agents could equal humans in 3 years
Tata Sons Chairman N Chandrasekaran has said that Tata Consultancy Services (TCS) could have as many artificial intelligence (AI) agents as human employees in three years.
Vedanta Resources seeks $5.2bn refinance after S&P and Moody's upgrades
Vedanta Resources is set to refinance $5.2 billion in bonds and loans, aiming to lower borrowing costs following recent credit-rating upgrades by S&P Global and Moody’s Ratings.
India fuel consumption rises 2.4% in May amid LPG shortfall
India's fuel consumption rose 2.4% month-on-month to 19.93 million metric tons in May, while LPG demand plunged 20% year-on-year due to Hormuz shipping disruptions and sanctions.
RBI moves to ease overseas investor rules for listed companies
The RBI has announced plans to raise investment limits for NRIs, OCIs, and PROIs in listed Indian companies, simplifying access to Indian equities without SEBI registration.
China's exports surge past expectations on booming AI demand
China's exports and imports grew faster than expected in May, driven by a surge in demand for artificial intelligence (AI) hardware.
Rajiv Bajaj to exit Bajaj Finserv board after July 31
Rajiv Bajaj will exit the Bajaj Finserv board by July 2026, citing increased responsibilities at Bajaj Auto, including managing new businesses and the recent KTM acquisition.
Indian markets recover as Sensex gains 350.57 and Nifty 114.50
Sensex climbed 350.57 points to 73,874.83, and Nifty rose 114.50 points to 23,237.50 in early trade on June 9, 2026, amid easing geopolitical tensions.
Paytm to hire 4,000 by March 2027 to expand AI
Indian fintech giant Paytm plans to recruit 4,000 employees by March 2027, even as it lays off 1% of its workforce following performance appraisals.
N Chandrasekaran predicts TCS will match AI agents with employees
Tata Sons Chairman N Chandrasekaran predicts TCS will deploy as many AI agents as human employees within three years, emphasizing AI as a transformative opportunity, not a threat.
Redington shares jump nearly 5% after Apple's WWDC AI reveal
Redington shares jumped 5% after Apple unveiled a rebuilt Siri and advanced AI features at WWDC 2026, reflecting optimism over Redington's key distribution partnership with Apple.
ICICI Bank becomes 2nd-biggest Nifty 50 stock pushing Reliance Industries
ICICI Bank overtakes Reliance Industries as the second-largest weighted stock in Nifty 50, driven by its higher free-float market capitalisation despite a smaller total market cap.
Acko plans $300 million IPO by September 2026, targets $2B valuation
Acko, a digital insurance firm, aims to file draft papers for a $300 million IPO by September 2026, targeting a $2 billion valuation amid improving financial metrics.
Kospi rebounds 8% as Samsung and SK Hynix rally
Samsung Electronics and SK Hynix surged as South Korea's Kospi rebounded 8%, recovering from a sharp AI-driven selloff that had triggered trading halts earlier this week.
Heat waves cut productivity, pressure India's $39B apparel exports
Indian garment factories supplying Uniqlo and Tesco face up to 10% productivity losses due to extreme heat, impacting product quality, delivery reliability, and worker attendance.
Cursor selects London as new European headquarters, targets 200 staff
Cursor, an AI-driven code-generation startup, has chosen London for its European headquarters, citing the city's vast tech talent pool and multilingual workforce.
Global AI boom draws investors away from India stock market
India's underperformance stems from robust AI-driven earnings growth in the US, Korea, and Taiwan, while opportunities emerge in power infrastructure and speciality pharma sectors.
China's crude imports hit 33 million tons amid Iran conflict
China's crude imports dropped to 7.8 million barrels a day in May, the lowest since October 2017, as the Iran war disrupted supply and Beijing avoided scrambling for replacements.
Perplexity sticks with 2028 IPO plan
Artificial intelligence (AI) start-up Perplexity has confirmed its intention to go public in 2028. This decision comes despite the recent IPO filings from Anthropic and OpenAI.
Paytm to hire 4,000 across product, tech and AI teams
Paytm will hire 4,000 employees, boosting its workforce by 10%, while cutting 1% of roles after appraisals, as it pivots to expand AI-driven products and merchant services.
Zepto founders face ED scrutiny over foreign investments
Quick commerce start-up Zepto has revealed that its co-founders Aadit Palicha and Kaivalya Vohra were summoned by the Enforcement Directorate (ED) earlier this year.
Indian markets rally as Nifty climbs to 23,225 Sensex 73,867
The Sensex rose 400 points and Nifty neared 23,250 as easing geopolitical tensions and a boost in bank shares following RBI's forex swap facility lifted market sentiment.
US court hearing could decide eligibility for $166B tariff refunds
A federal court hearing will address disputes over U.S. Customs' $166 billion tariff refund plan, focusing on eligibility and the pace of payouts following a Supreme Court ruling.
Indian stocks rally, Sensex up 337 as Nifty tops 23,200
Sensex surged 337 points to 73,862, while Nifty rose 0.44% above 23,200 in early trade, driven by gains in realty and financial stocks amid easing Iran-Israel tensions.
Zepto files for $1B IPO
Zepto, a leading player in the quick commerce space, has filed its updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India(SEBI).
Infosys delays hiring tests for 20,000 candidates over cheating concerns
Infosys, a leading IT services company, has suspended online and in-person assessments for over 20,000 job seekers.
SBI to plan YONO 3.0 after 4.5cr users, C.S. Setty
SBI Chairman Chella Sreenivasulu Setty confirmed that the bank will soon begin work on YONO 3.0, focusing on commercializing technology for smaller banks.
RBI moves may attract $50 billion, stabilize 2035 bond yields
Indian government bonds are set to gain further, supported by declining oil prices and central bank measures aimed at attracting dollar inflows to stabilize the economy.
OpenAI files for IPO
OpenAI, the artificial intelligence (AI) giant behind ChatGPT, has confidentially filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC).
Rupee opens stronger at 95.48 after Iran Israel tensions ease
The Indian rupee opened 33 paise higher at 95.48 per dollar on June 9, supported by easing oil prices and a weaker dollar following reduced Iran-Israel tensions.
Zepto boosts ESOP to 1.47 billion options as grants fall
Zepto allocated significant stock options to senior executives in FY26, with CFO Ramesh Bafna receiving the largest grant of 138.3 million options, as per its updated DRHP filing.
China's May exports rise over 19% on AI hardware
China's exports soared over 19% in May, surpassing forecasts, driven by booming AI hardware demand. Imports also surged 27%, highlighting robust semiconductor trade.
India named official partner country at VivaTech 2026 in Paris
India, as France's Official AI Partner Country at VivaTech 2026, will showcase its global leadership in AI, digital innovation, and technology-driven development.
Iran war drives Indian inflation as oil and gas surge
India's economy grapples with rising costs as the Iran war disrupts oil supplies, inflating prices and pressuring growth, inflation, and government finances.
Meta invests $115 million in America's Workforce Academy guaranteeing jobs
Meta is investing $115 million in a cost-free training program, America's Workforce Academy, to prepare data center technicians for its AI-driven infrastructure expansion.
Infosys pauses tests for 20,000 applicants over impersonation, cheating
Infosys has deferred assessments for over 20,000 candidates after detecting impersonation and malpractice, reinforcing its verification processes to ensure recruitment integrity.
Applied Digital signs $5.2B 15-year lease for Delta Forge 2
Applied Digital signed a 15-year, $5.2 billion lease with a U.S.-based hyperscaler for its Delta Forge 2 site, boosting shares by 8.7% in extended trading.
Embraer eyes IAF contract with C-390 Millennium ahead of RFP
Brazilian aerospace giant Embraer is vying for India's military transport aircraft tender with its C-390 Millennium, partnering with Indian firms for local manufacturing and MRO.
OpenAI files for US IPO, says going public 1 option
OpenAI has confidentially filed for a US IPO, announcing the move on social media while indicating it may delay market entry to focus on private company priorities.
Perplexity commits to 2028 IPO despite Anthropic and OpenAI filings
AI firm Perplexity plans to go public in 2028, CEO Aravind Srinivas confirmed, stating the timeline remains unchanged regardless of Anthropic and OpenAI's upcoming market listings.
India moves to 6th spot globally after South Korea slump
India has reclaimed the sixth spot in global market capitalization at $4.84 trillion, as South Korea's market cap plunged 10% due to sharp declines in chipmaker stocks.
SpaceX IPO could hit $1.75T and gain MSCI fast-track inclusion
MSCI will apply early inclusion rules for large IPOs, paving the way for SpaceX's potential addition to its Global Standard Indexes after its $1.75 trillion IPO launch.
Oil prices tick up after Iran, Israel reach temporary ceasefire
Oil prices edged higher as Iran and Israel paused hostilities after U.S. intervention, but investors remain cautious amid ongoing geopolitical uncertainty in the region.
Articul8 raising $30 million to $50 million for India's heritage AI
Articul8, an AI company spun out of Intel in 2024, plans to raise $30-50 million for an India-based venture focused on Sanskrit and traditional knowledge systems.
Infineon Technologies partners with CDIL, Kaynes to boost India chipmaking
Infineon Technologies partners with CDIL and Kaynes Semicon, transferring packaging expertise to bolster India's semiconductor manufacturing ecosystem.
Ashish Dave announces Mumbai-based Sanskrit Capital seeking 700-1,000 cr
Ashish Dave, former head of Mirae Asset Venture Investments (India), is launching Sanskrit Capital, a Rs 700-1,000 crore fund focused on Series B and C startups.
India's GCCs added nearly 200,000 net employees, outpacing IT services
Global capability centres (GCCs) are leading India's tech hiring, adding nearly 200,000 employees in FY26, driven by demand for AI and cloud expertise.
ChatGPT reaches 1 billion monthly users as of May 2026
OpenAI's ChatGPT hit 1 billion users in three years, but Anthropic has overtaken it in business adoption, intensifying competition as both eye potential public market listings.
Sachin Bansal's Navi seeks $300 million with potential $2B valuation
Navi Technologies, led by Flipkart cofounder Sachin Bansal, is in advanced talks with Prosus and Accel Growth Fund to raise $250-300 million at a valuation of $1.8-2 billion.
AGNIT Semiconductors opens over 3Cr GaN chip lab in Bengaluru
AGNIT Semiconductors has launched a Rs 3 crore GaN testing lab at IISc Bengaluru, aiming to accelerate indigenous chip validation for defence and telecom applications.
Tata Sons board meets Friday, reviews 2026 results, not reappointment
Tata Sons' board will not deliberate on chairman N. Chandrasekaran's third term during Friday's meeting, focusing instead on the group's FY26 performance and current fiscal plans.
India's solar push hits setback as costs jump 20%
India's solar industry faces a 20% cost hike due to rising metal prices, currency fluctuations, and West Asia conflict-driven supply chain disruptions.
Gold holds near $4,325 after Israel and Iran truce
Gold held steady near $4,325 an ounce as Israel and Iran agreed to halt missile strikes, easing tensions in the Middle East and calming global markets.
Kalshi and Polymarket tighten rules on influencers spreading election misinformation
Kalshi and Polymarket now prohibit paid creators from spreading election misinformation, warning affiliates to remove such posts or risk losing sponsorship deals.
India's institutions poured over ₹4L/cr into stocks in early 2026
Domestic institutional investors have poured over Rs 4 lakh crore into Indian equities in the first five months of 2026, despite market volatility and significant foreign outflows.
Markets rally after Israel and Iran pause, President Trump push
Global stocks showed resilience as Wall Street rebounded on tech recovery, while oil prices eased after Iran and Israel signaled a pause in hostilities following U.S. mediation.
Waymo buys Apple-linked 5,500-acre Arizona self-driving test site for $220 million
Waymo purchased a 5,500-acre proving ground in Arizona for $220 million from a Delaware shell company linked to Apple, expanding its autonomous vehicle testing capabilities.
Enforcement Directorate questions Zepto founders before IPO, Zepto warns investors
Zepto founders Aadit Palicha and Kaivalya Vohra were summoned by the Enforcement Directorate over foreign investments and financial disclosures ahead of the company's IPO.
Donald Trump seeks 60-day extension in $475 million CNN defamation case
Former President Donald Trump plans to petition the Supreme Court to reinstate his $475 million defamation lawsuit against CNN, challenging a lower court's dismissal of the case.
Sir Dorabji Tata Trust trustees avoid discussing 1989 transfer
The Sir Dorabji Tata Trust board convened on Monday to address routine matters, as allegations surrounding a 1989 Tata Sons share transfer resurfaced.
US airlines face 78% surge in April jet fuel costs
Jet fuel prices surged 78% year-over-year in April, driven by the Strait of Hormuz shutdown, which has disrupted global oil transport and strained airline profitability worldwide.
ISS criticizes Warner Bros. Discovery executive pay in $110B merger
Proxy adviser ISS has urged Warner Bros Discovery shareholders to reject executive compensation plans, citing CEO David Zaslav's "extremely large" potential $887 million payout.
Why Meta has taken legal action against NSO Group
Meta has filed a contempt filing against Israeli spyware firm NSO Group for violating a permanent injunction that prohibits it from targeting WhatsApp and its users.
AI is now taking orders at McDonald's drive-thru restaurants
McDonald's is testing a new artificial intelligence (AI)-driven drive-thru order-taking system, ArchIQ.
You can soon invest in corporate bond-index derivatives in India
The Securities and Exchange Board of India (SEBI) is working with the Reserve Bank of India (RBI) to introduce derivatives linked to corporate bond indices.
Aviation industry unlikely to meet net-zero emissions goal by 2050
The aviation industry, which pledged to achieve net-zero carbon emissions by 2050, is now doubting its ability to meet this target.
RBI measures may draw foreign investments worth $50-60B in India
ICICI Securities has projected that India could see an influx of $50-60 billion in foreign investments in the coming months.
TCS wins multi-million euro deal from Canada Life
Tata Consultancy Services (TCS) has won a multi-year, multi-million euro contract from Canada Life, one of the world's leading life and pensions insurers.
Indian Railways to launch new ticket reservation system from August
Indian Railways is gearing up for a major upgrade of its Passenger Reservation System (PRS) from August.
SEBI weighs reforms to stockbroking, IPO, and research analyst norms
The Securities and Exchange Board of India (SEBI) is considering a host of reforms to improve market efficiency.
Kimi maker Moonshot AI eyes $30B valuation in latest round
Moonshot AI, the company behind the Kimi chatbot, is in talks to raise up to $2 billion. The funding would increase its valuation to a whopping $30 billion.
At $122B, engineering goods become India's top export category
India's engineering sector has become the country's largest merchandise export segment, accounting for over 25% of total goods exports.
HDFC Bank delays CEO reappointment decision amid legal review
HDFC Bank's board is delaying the decision on CEO Sashidhar Jagdishan's reappointment.
Walmart tells employees AI will assist, not replace them
Walmart, the world's largest retailer, has assured its employees that artificial intelligence (AI) is here to assist them in their work rather than replace them.
You can now withdraw entire PF balance in emergency situations
The Employees' Provident Fund Organisation (EPFO) has introduced a major change in its rules, allowing members to withdraw their entire provident fund (PF) balance under certain special circumstances.
CMR Green IPO allotment today: How to check status online
CMR Green Technologies' initial public offering (IPO) has attracted strong investor interest.
8th Pay Commission delay could lead to arrears worth lakhs
The implementation of the 8th Pay Commission, which was originally due on January 1, 2026, has been delayed.
Rajesh Exports shares hit lower circuit for 3rd consecutive day
Rajesh Exports' stock has hit its lower circuit limit for the third straight trading session.
Carlsberg wants to raise $700M via IPO in India
Danish brewer Carlsberg A/S is gearing up to file draft papers for an initial public offering (IPO) of its Indian unit, possibly this month.
Adani Ports makes South America debut with $70M contract
Adani Ports and Special Economic Zone (APSEZ) has won a 10-year marine services contract for Argentina's first liquefied natural gas (LNG) export project.
Sensodyne maker setting up manufacturing plant in India for ₹2,000cr
Haleon, the company behind popular sensitivity toothpaste Sensodyne, has announced its plan to invest £175 million (approximately ₹2,000 crore) in a new manufacturing facility in India, as per Mint.
India seeks inclusion in Bloomberg's global bond index
India is set to reapply for inclusion in major global bond indices, including the Bloomberg Global Aggregate Index.
Oil market will see oversupply after Hormuz reopening: Fitch Ratings
Fitch Ratings has predicted that the global oil market will return to oversupply after the reopening of the Strait of Hormuz.
'Make in Russia for India' model pitched for fertilizer JVs
India's Ambassador to Moscow, Vinay Kumar, has pitched the 'Making in Russia for India' model.
Will Rajesh Exports be dropped from Modi government's PLI scheme?
The Ministry of Heavy Industries (MHI) is considering removing Rajesh Exports from its production-linked incentive (PLI) scheme for advanced chemistry cell (ACC) battery storage.
Why Curefoods has delayed its ₹800cr IPO plan
Curefoods, a leading cloud kitchen platform, has decided to delay its ₹800 crore initial public offering (IPO) plan.
India will tackle Trump's Section 301 tariffs, says Piyush Goyal
Commerce and Industry Minister Piyush Goyal has downplayed concerns over the proposed 12.5% tariffs by the Trump administration on India and 53 other countries.
Why Nifty IT is down over 8% in 4 sessions
The Nifty IT index has witnessed a major slump, declining by 1.8% to 28,500 in morning trade today.
Why ATMs in small towns, cities are running dry
The Confederation of ATM Industry (CATMi) has warned that ATMs in tier 2 and tier 3 cities are facing severe cash shortages.
IndiGo unveils 2030 vision with 550-aircraft fleet
IndiGo parent InterGlobe Aviation Ltd has announced an ambitious growth strategy aimed at making it a key player in the global aviation sector by 2030.
Why gold and silver prices are falling today
Gold and silver prices have witnessed a decline in international markets today.
Airline profits to plunge 50% amid rising fuel costs
The International Air Transport Association (IATA) has revised its profit forecast for the global airline industry, predicting a sharp decline in profitability by 2026.