Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Cognizant raises buyback to $3.45 billion, doubles 2026 target
Cognizant has increased its 2026 share repurchase target to $2 billion, citing confidence in AI-driven growth and its undervalued stock price as key motivators.
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).
Gift Nifty climbs nearly 1% on U.S.-Iran oil reports
GIFT Nifty surged nearly 1% as reports indicated potential US sanctions relief on Iranian oil exports, boosting investor sentiment amid hopes of easing crude supply concerns.
Vodafone Idea plans ₹1.08tr raise to triple EBITDA to ₹60,000cr
Vodafone Idea aims to secure ₹1.08 trillion over three years, addressing spectrum dues, capex needs, and debt obligations while targeting operational growth and promoter support.
Greg Abel's Berkshire Hathaway increased Alphabet stake 224% in Q1
Berkshire Hathaway, under new CEO Greg Abel, increased its Alphabet holdings by 224%, making it the seventh-largest stock in its portfolio, now valued at $23 billion.
SBI staff plan 2 day strike over staffing and mis-selling
State Bank of India employees plan a nationwide strike on May 25-26, demanding recruitment, resolution of staff issues, and action against mis-selling of insurance products.
Former eBay employee launches AI marketing company with 27 agents
A former eBay employee launched a marketing business powered by 27 custom AI agents, replacing traditional staff and automating tasks like research, ad campaigns, and analytics.
Big Indian firms opt for floating-rate bonds as rates rise
Indian companies are increasingly issuing floating-rate bonds to manage borrowing costs and attract investors, as expectations of interest rate hikes push up fixed-rate yields.
Nifty 50 recovers to 23,649 as Sensex closes at 75,315
The Nifty 50 rebounded sharply from an intraday low of 23,317 to close nearly flat at 23,649.95, even as the rupee hit a record low near ₹96.40 against the US dollar.
RBI will not activate CCyB after reviewing key risk signals
The Reserve Bank of India announced that the countercyclical capital buffer will not be activated, citing a review of credit-to-GDP gap and other risk indicators.
Lalit Ahuja: Global firms cut India GCC hiring amid AI
India's global centres are scaling back hiring amid geopolitical uncertainties and AI adoption, with firms reducing workforce plans by up to 50%, says ANSR CEO Lalit Ahuja.
ILO warns Middle East conflict could cost 43 million jobs
The UN's International Labour Organization warns that the Middle East conflict could cost millions of jobs, reduce real wages, and disrupt global labour markets through 2027.
Vodafone Idea aims for over 35% margin with ₹45,000 cr
Vodafone Idea aims to boost its cash EBITDA margin beyond 35% in 3-4 years, driven by revenue growth, tariff hikes, reduced churn, and ₹45,000-crore network investments.
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.
Piyush Goyal urges businesses to support Swadeshi via trade portal
Commerce Minister Piyush Goyal urged industries to identify import substitutes, boost domestic manufacturing, and prioritize Indian-made products to reduce reliance on imports.
Royal Enfield announces ₹2,500cr Andhra Pradesh factory to boost production
Royal Enfield plans a Rs 2,500 crore greenfield facility in Andhra Pradesh to boost production capacity, aligning with its long-term growth strategy and rising global demand.
AIJGF pitches bullion bank using idle gold to Piyush Goyal
India's jewellery industry met with Minister Piyush Goyal to propose a regulated Bullion Bank aimed at mobilising idle domestic gold and reducing reliance on imports.
Strides Pharma Q4 profit up 51% and revenue ₹1,323.47 cr
Strides Pharma reported a 51% rise in Q4 consolidated net profit to ₹129.28 crore, driven by robust growth in Ex-US markets despite higher expenses and a dip in US revenue.
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.
Indian stocks barely moved amid Iran war and rupee concerns
India's equity benchmarks ended flat on Monday as Iran war tensions weighed on sentiment, offsetting a 2.4% rebound in IT stocks driven by a stronger dollar.
Swiggy alters governance, seeks IOCC status to protect quick commerce
Swiggy is restructuring governance rights to qualify as an Indian-owned and controlled company, ensuring compliance with India’s foreign investment rules in regulated sectors.
IKEA cuts 850 jobs after 2 years of falling sales
IKEA franchiser is reducing its workforce by 850 roles, citing declining consumer spending, rising costs, and a strategic shift to city-centre locations as key drivers.
Indian rupee falls to 96.39 per dollar despite RBI attempts
The rupee slid to a record low of 96.34 per US dollar as surging global bond yields and elevated oil prices deepened pressure on Asia’s worst-performing currency this year.
Tata AIA Life Insurance announces record ₹2,173cr bonus for policyholders
Tata AIA Life Insurance declared its highest-ever bonus of ₹2,173 crore for FY26, benefiting over 8.74 lakh participating policyholders with an 18% increase from the previous year.
SEBI announces AI trading rules to protect India's financial systems
SEBI Chairman Tuhin Kanta Pandey announced upcoming guidelines for AI-based trading, highlighting opportunities and rising cyber risks in financial markets.
Report warns Trump administration's immigration policies might cost US $479B
Proposed IRS data sharing with ICE and policy changes have deterred undocumented immigrants from filing taxes, potentially costing the US up to $479bn over 10 years.
Sensex rebounds to 75,315 as Nifty closes above 23,600
Benchmark indices recovered from early losses as Sensex gained 77 points to close at 75,315, while Nifty ended above 23,600, driven by a rally in IT stocks.
Kainos hiring 200 graduates despite AI integration and security concerns
Kainos plans to hire 200 graduates this year, despite industry fears that AI advancements could reduce job opportunities and disrupt the Software as a Service (SaaS) sector.
NTPC crosses 90 GW capacity after Patratu 800 MW test
State-owned NTPC has surpassed 90 GW of installed electricity generation capacity, driven by the successful trial operation of Unit 2 at Patratu Vidyut Utpadan Nigam Ltd.
India's influencer market to hit ₹4,500-5,000cr, 88% earn
India's influencer market is set to cross ₹4,500–5,000 crore in 2024, yet 88% of creators earn less than 75% of their income from social media platforms.
Anarock posts 25% revenue rise 946 cr in FY 2025-26
Anarock Group's revenue rose 25% to ₹946 crore in FY26, driven by strong housing demand and robust leasing activities across office and retail spaces.
Kalshi and Polymarket operate in India despite a government advisory in April 2026 and a law that went into effect on May 1, 2026
Despite India's new law banning online money games, platforms like Kalshi and Polymarket continue operating, leveraging VPNs and stablecoin payments to bypass restrictions.
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.
Indian government bond yields at 7.14% amid rising oil prices
Indian bond yields surged to a six-week high as rising global Treasury yields and a crude oil price rally, driven by Middle East tensions, fueled inflation concerns.
Gold futures jump ₹598 to ₹159,145 amid West Asia tensions
Gold futures rose ₹598 to ₹1.59 lakh per 10 grams on Monday, driven by geopolitical tensions in West Asia and rising global bond yields impacting market sentiment.
Meta reportedly plans nearly 8,000 job cuts later this month
Former Meta employee Adel Wu described a tense atmosphere before 2022 layoffs, with workers stuffing bags with free snacks and supplies amid fears of losing perks and job security.
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.
Income Tax Department launches Act 2025 awareness program in Mumbai
The Income Tax Department launched "Prarambh 2026" in Mumbai, hosting over 700 attendees to raise awareness about the simplified tax framework effective from April 1, 2025.
Piyush Goyal launches Bharatiya Vyapar Mahotsav portal for homegrown goods
India’s Commerce Minister Piyush Goyal unveiled the Bharatiya Vyapar Mahotsav portal, aiming to boost domestic manufacturing and exports through an annual trade fair.
Oil rises to $111 after attack on UAE nuclear plant
Oil prices surged and global bonds fluctuated on Monday, driven by renewed Middle East conflict and stalled US-Iran peace talks fueling inflation concerns.
Salesforce will spend nearly $300 million on Anthropic tokens in 2026
Salesforce CEO Marc Benioff announced plans to allocate nearly $300 million on Anthropic tokens by 2026, focusing on AI-driven software development and coding tools.
Gold drops as US dollar strengthens and 10-year yields rise
Gold prices dipped below ₹1,58,500 as a stronger US dollar and rising Treasury yields pressured bullion, fueled by hotter-than-expected US inflation data.
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.
FCI to borrow ₹50,000 cr for 3-month grain procurement
The Food Corporation of India plans to secure a ₹50,000 crore short-term loan to address cash flow mismatches during foodgrain procurement and distribution operations.
TCS asks managers to mark 5% Band D after layoffs
TCS has mandated placing 5% of employees in the lowest performance category, Band D, following its largest retrenchment exercise, raising concerns among its workforce.
Bitcoin slides to $77,000 as Bitcoin ETFs see $1B outflows
Bitcoin traded near $77,000 as ETF outflows reached $1 billion, while geopolitical tensions in the Middle East further dampened risk appetite across the cryptocurrency market.
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.
India's finance ministry tells banks, insurers tighten budgets, adopt EVs
India's finance ministry has instructed State-run banks, insurers, and financial institutions to implement austerity measures, including transitioning to electric vehicles.
Ryanair says fuel supplies secure despite Middle East conflict
Ryanair expects no jet fuel shortages this summer despite Middle East tensions but cautions travelers of potential fare hikes for late bookings later this year.
Zydus Wellness profit falls 47% ₹197cr despite 46% sales rise
Zydus Wellness reported a 47% drop in FY26 net profit to ₹197 crore, despite a robust 46.4% revenue growth driven by portfolio expansion and acquisitions.
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.
Amazon India to deploy 1,000 electric trucks for Amazon Now
Amazon India plans to deploy 1,000 Eicher Pro-X electric trucks by 2028 to bolster its Amazon Now quick commerce service, starting with Delhi-NCR, Bengaluru, and Mumbai.
Goldman Sachs forecasts central-bank gold purchases of 60 tons monthly
Goldman Sachs predicts central banks will boost gold purchases to 60 tons monthly in 2026, driven by geopolitical uncertainties and a push for portfolio diversification.
Gland Pharma shares up nearly 15% after Q4 FY2026 results
Gland Pharma's stock soared 14.67% to Rs 2,142.30 after reporting a 96.56% jump in Q4FY26 profit and robust revenue growth, driven by capacity expansion and cost efficiencies.
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.
Government and LIC may cut IDBI Bank asking price 20%
Indian authorities are considering lowering the reserve price by up to 20% and reducing reliance on market value to attract buyers for the delayed IDBI Bank stake sale.
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.
India-Oman FTA to take effect from June 1, 2026
India's free trade agreement with Oman will take effect on June 1, as Commerce Minister Piyush Goyal sets a $2 trillion export target over the next five years.
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.
Power Grid stock falls 5% as Q4 FY26 revenue slips
Power Grid Corporation shares dropped 5% after missing revenue and operating profit estimates for the March quarter, despite a 9.7% rise in net profit aided by deferred tax assets.
NSE launches live EGR trading after successful May 16 test
The National Stock Exchange of India (NSE) has initiated live trading in Electronic Gold Receipts (EGRs), enhancing transparency and efficiency in India's gold trading ecosystem.
Piramal Pharma's Digwal plant in Telangana receives FDA EIR
Piramal Pharma's Digwal manufacturing unit in Telangana received an Establishment Inspection Report (EIR) from the USFDA, marking the closure of its inspection.
Eighth Pay Commission hikes expected to roll out April 2027
Revised salaries under the 8th Pay Commission are expected to be implemented around April 2027, aligning with the new financial year, according to expert estimates.
SEBI proposes intraday borrowing for mutual funds, opens consultation
SEBI's consultation paper proposes expanding intraday borrowing for mutual funds to address settlement timing gaps and improve portfolio efficiency.
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.
Hindustan Zinc shares slide over 7% after silver crash
Hindustan Zinc shares plunged over 7% in two days as silver prices on MCX crashed 13%, driven by import duty hikes, Iran war tensions, and weakening industrial demand.
EU draws up rules to limit reliance on Chinese suppliers
The EU plans new rules requiring companies to source critical components from multiple suppliers, aiming to reduce reliance on China and counter its trade leverage.
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.
Bhajanlal Sharma virtually launches Rajasthan's 1st semiconductor cluster in Bhiwadi
Rajasthan Chief Minister Bhajanlal Sharma inaugurated the state's first semiconductor cluster in Bhiwadi, highlighting efforts to boost industrial growth and attract investments.
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.
UC Berkeley launches 3-month AI program for Indian business leaders
As AI reshapes industries, Indian boardrooms face high-stakes decisions. Many leaders, however, feel unprepared to balance innovation with governance and strategic implementation.
Salesforce embeds AI across company and redesigns roles around outcomes
Salesforce is transforming its workforce by integrating AI agents, shifting traditional roles to outcome-based positions, and prioritizing AI fluency for employees.
Sensex at 74,692 and Nifty at 23,467 slide then recover
Sensex rebounded 500 points from intraday lows, while Nifty climbed above 23,450 as value buying emerged and India VIX eased, signaling reduced market volatility.
Dara Khosrowshahi says Uber open to Travis Kalanick self-driving partnership
Uber CEO Dara Khosrowshahi revealed the company’s openness to collaborating with ousted founder Travis Kalanick on autonomous vehicles, citing mutual respect and trust.
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.
Glenmark launches US generic vancomycin injection in 500mg and 1g
Glenmark Pharmaceuticals has introduced a generic version of vancomycin hydrochloride injection, available in 500 mg/vial and 1 g/vial strengths, to the US market.
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.
Mutual funds cut tech exposure to 6.7% at 8-year low
Mutual funds reduced technology sector allocation to 6.7% in April 2026, citing AI disruption, slowing global IT spending, and muted earnings visibility as key concerns.
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.
Jury weighs Elon Musk lawsuit accusing OpenAI of abandoning nonprofit
A jury deliberates Elon Musk's lawsuit against OpenAI, alleging misuse of his $38 million donation and betrayal of its nonprofit mission for profit-driven ambitions.
India to incentivize long-duration storage under Battery Storage Vision 2047
India is formulating a policy under 'Battery Vision 2047' to promote long-duration energy storage with financial support, including viability gap funding.
HDFC Asset Management Company shares drop 3% after cybersecurity incident
HDFC AMC shares dropped 3% on May 18 after disclosing a cybersecurity incident on May 16, with the company assuring no material impact on operations following initial assessments.
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.
ICICI Prudential shares slide on Prudential Bharti Life bid reports
ICICI Prudential Life shares fell over 7% as Prudential plc's acquisition of Bharti Life Insurance raised fears of a significant stake sale due to regulatory requirements.
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.
Bitcoin falls to $76,711 amid U.S.-Iran conflict, Ether, Solana slide
Bitcoin plunged to $76,711, its lowest in over two weeks, as US-Iran conflict fears triggered $500 million in bullish liquidations and pressured risk assets across the market.
Ipsita Dasgupta says AI-powered PCs will boost productivity in India
India’s PC market is evolving, with HP India MD Ipsita Dasgupta discussing AI-powered PCs, the creator economy, and digital transformation shaping the nation’s future.
Myntra launches affiliate for Ultimate Glam Clan creators, 8%-12% commission
Myntra has launched a new affiliate feature under its Ultimate Glam Clan program, empowering creators to earn commissions and drive content-driven fashion discovery.
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.
China's economy loses steam in April as investment, retail falter
China's economic growth faltered in April, with fixed-asset investment shrinking 1.6% and retail sales rising just 0.2%, highlighting weakening domestic demand.
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.
Hindustan Copper Q4 net profit ₹444 cr revenue ₹1,156 cr
Hindustan Copper reported a 134% YoY jump in Q4FY26 net profit to Rs 444 crore, with revenue rising 58% to Rs 1,156 crore and operating margin improving to 54.3%.
Indian rupee hits record 96.20 against US dollar, Sensex falls
The Indian rupee plunged to a historic low of 96.20 against the US dollar on Monday, as soaring crude oil prices and global bond yields rattled investor sentiment.
Dalal Street sees 8 SME IPOs aiming ₹440 cr
Eight SME IPOs, aiming to raise Rs 440 crore collectively, are set to hit Dalal Street starting May 18, with Q-Line Biotech leading as the largest offer at Rs 214 crore.
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.
Dara Khosrowshahi: Uber has no plans for India food delivery
Uber CEO Dara Khosrowshahi clarified that the company has no immediate plans to re-enter India's food delivery market but may explore partnerships in the future.
China April 2026 economy cools as industrial output, retail underperform
China's industrial output growth slowed to 4.1% in April, missing forecasts, while retail sales rose just 0.2%, sharply below the anticipated 2% increase.
Brent tops $111 as Middle East tensions hit global markets
Global bond yields spiked as inflation concerns mounted, with US 10-year yield at 4.6%. Brent crude surpassed $111, while the rupee weakened further after hitting 96 on Friday.
Brent near $112 as US Iran tensions slow Hormuz shipments
Crude oil prices surged above $112 amid escalating Iran tensions, while gold extended losses as inflation concerns and rising bond yields weighed on non-yielding assets.
SGBs issued November 2020 redeem today at ₹16,012 each
Investors redeeming Sovereign Gold Bond (SGB) 2020-21 Series-VIII today will earn over 210% returns, as the redemption price surges to ₹16,012 per unit from its issue rate.
Brent near $112 as Strait of Hormuz blockage disrupts exports
Oil prices surged, with Brent nearing $112, as President Trump intensified threats against Iran amid ongoing Hormuz closure and escalating Gulf tensions impacting global supply.
Anthropic CFO Krishna Rao seeks $30B funding and $900B valuation
Krishna Rao, Anthropic's first CFO, is steering the company through explosive growth, compute challenges, and billion-dollar funding rounds amid fierce competition with OpenAI.
PFRDA allows partial NPS withdrawals with 20% or 40% annuity
India's pension regulator, PFRDA, has unveiled new withdrawal options and a lifecycle fund under NPS, offering subscribers greater flexibility in managing post-retirement income.
Indian markets likely to open lower amid crude oil rise
Indian equities are set to open lower as weak Asian markets, rising Brent crude above $111 per barrel, and escalating Iran-US tensions weigh on investor sentiment.
Tata Trusts weigh legal options after Maharashtra commissioner blocks meetings
Tata Trusts faces restrictions on board meetings following a Maharashtra charity commissioner order, prompting deliberations on legal and administrative responses.
Gold slides to 7 week low on Middle East tensions
Gold prices hit a 1-1/2-month low as Middle East tensions drove oil prices higher, stoking inflation fears and reinforcing expectations of prolonged elevated interest rates.
Salesforce halts engineer hiring, may buy $300 million Anthropic tokens
Salesforce CEO Marc Benioff announced a halt to hiring engineers in 2025, citing 30% productivity gains from AI tools, while projecting millions in Anthropic token spending.
Dara Khosrowshahi: Uber hopes India will be largest rides market
Uber CEO Dara Khosrowshahi highlights India’s growth potential, while Nvidia eyes a $20 million investment in AI startup Simplismart to bolster enterprise AI infrastructure.
Gold and silver slide as yields rise amid Gulf tensions
Gold and silver prices dropped sharply on Monday due to a stronger US dollar, rising bond yields, and escalating geopolitical tensions in the Gulf impacting global markets.
Muthoot FinCorp clears IPO to raise up to 4,000 cr
Muthoot FinCorp aims to dilute at least 10% stake in its upcoming IPO, seeking to raise up to ₹4,000 crore for business growth amid favorable gold loan market conditions.
KOSPI drops 4.7% after futures tumble pauses program trades
South Korea's KOSPI index plunged over 10% from its May 14 peak, driven by higher yields, interest rate fears, and Samsung strike concerns, before slightly recovering on Monday.
Samsung, South Korean union resume pay talks to avert strike
Samsung Electronics and its South Korean union have restarted government-mediated pay negotiations, aiming to prevent a strike that could disrupt the nation's exports.
Narendra Modi tells European CEOs India is open for business
Prime Minister Narendra Modi urged Europe's top CEOs to boost investments in India during a landmark European Round Table for Industry meeting in Gothenburg, Sweden.
Asian markets fall as Gulf drone attacks push oil higher
Asian markets declined Monday as Gulf drone attacks pushed oil prices higher. Rising energy costs and bond yields fueled inflation concerns, impacting investor sentiment globally.
SBI Funds Management plans IPO by July 2026 for ₹13,000cr
SBI Funds Management plans to launch its ₹13,000-crore IPO by July FY27, following roadshows with top asset managers and filing its DRHP with SEBI in March.
Emerging markets hit by steepest weekly fall since March 2026
Emerging-market assets plunged this week, with stocks and currencies suffering their steepest declines since March, driven by inflation fears and geopolitical tensions.
Dara Khosrowshahi sees India as Uber's biggest market next decade
Uber CEO Dara Khosrowshahi discusses India's pivotal role in Uber's growth, the potential for AI-driven innovation, and the company's evolving strategies under his leadership.
Global semiconductor memory shortage threatens AI hardware until after 2028
India's price sensitivity and lack of long-term procurement commitments risk leaving it vulnerable amid a worsening global semiconductor memory shortage driven by the AI boom.
FDE demand surges 800% as OpenAI, Google, Anthropic offer $550,000
Forward deployed engineers (FDEs) are now the most sought-after professionals in AI, with salaries soaring up to $550,000 due to skyrocketing demand and limited talent supply.
NVIDIA reportedly to lead $20 million round valuing Simplismart near $100 million
Nvidia is reportedly in advanced discussions to lead a $20 million funding round for AI startup Simplismart, valuing the company at approximately $100 million.
SBI Ventures to manage ₹20,000cr maritime fund under ₹25,000cr push
SBI Ventures has been selected as the fund manager for the ₹20,000-crore Maritime Investment Fund, aimed at boosting capital in India's maritime sector.
Samsung faces 18-day strike over bonus gaps starting May 21
Samsung faces its largest-ever strike as 45,000 workers demand fair bonus distribution amid deep divisions fueled by the AI-driven semiconductor boom.
UK Pensions Commission expected to reveal women £81,000 men £156,000
A revived UK Pensions Commission highlights women nearing retirement have half the private pension savings of men, urging reforms to address this disparity.
Deloitte India aims $5 billion revenue, 100,000 people by 2028
Deloitte India plans to become the nation's largest professional services firm by 2028, aiming to double its workforce to 100,000 and grow revenue to $5 billion.
RBI tightens scrutiny of Indian overseas investments after $27 billion
The Reserve Bank of India is closely examining overseas direct investments as outflows surged to $27 billion in FY26, focusing on intent, governance, and fund usage.
Reserve Bank of India promotes 5 officials to executive directors
The Reserve Bank of India has promoted five senior officers, including Gunveer Singh and Monisha Chakraborty, to executive director positions across key Mumbai departments.
Diageo India bets on premium, United Spirits eyes double-digit growth
Diageo India anticipates robust double-digit growth in its premium alcohol segment, driven by rising incomes, a young consumer base, and increasing demand for high-end spirits.
THORChain pauses trading after $10 million cross-chain vault attack
THORChain, a decentralized crypto exchange, paused trading after a suspected exploit compromised $10 million in assets across nine blockchains, triggering emergency measures.
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.