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Himanta Biswa Sarma opens India's 1st phygital branch in Guwahati
Assam CM Himanta Biswa Sarma inaugurated India’s first AI-powered “phygital” banking branch by Slice Small Finance Bank in Guwahati, enhancing financial inclusion.
European Stoxx 600 falls 1.5% in biggest drop since March
European stocks fell 1.5% Friday, marking their steepest drop since March, as surging oil prices fueled inflation fears and rising bond yields triggered broad market weakness.
FPIs pull out ₹13,740cr from Indian markets 4th straight week
Foreign Portfolio Investors pulled out ₹13,740.89 crore from Indian markets in the week ending May 15, 2026, with equities suffering the largest outflows amid global risk aversion.
Emcure Pharmaceuticals's Sanand plant receives Form 483 from US FDA
Emcure Pharmaceuticals' Sanand facility in Gujarat received seven procedural observations from the US FDA following a cGMP inspection conducted between May 6 and May 15, 2026.
SpaceX shares might get listed on NASDAQ on June 12
Elon Musk's aerospace company, SpaceX, is gearing up for a major stock market debut.
OpenAI's Greg Brockman takes on new role amid executive reshuffle
OpenAI has announced a major executive reshuffle, appointing its co-founder and president, Greg Brockman, as the head of product strategy.
Why chip designer Arm is facing antitrust probe in US
The US Federal Trade Commission (FTC) has launched an antitrust investigation into Arm Holdings, a British chip designer.
Starbucks opening 1st corporate office for tech jobs in India
Starbucks is setting up its first corporate technology office in India.
UAE leaves OPEC and OPEC+, Suhail Al Mazrouei calls strategic
The UAE energy minister stated that the country's decision to leave OPEC and OPEC+ was a sovereign, strategic move based on production policy assessments, not political motives.
NHPC Q4 profit jumps 68% to ₹1,549cr FY26 profit ₹4,220cr
State-owned NHPC reported a 68% jump in consolidated net profit to ₹1,549.42 crore for Q4 FY26, driven by higher revenues and robust operational performance.
AI-induced layoffs cross 1.3L mark! These jobs are still safe
The year 2026 has witnessed a staggering number of layoffs in the tech industry, with over 1.28 lakh workers losing their jobs across 286 separate events.
Mumbai Police registers FIR against former Yes Bank CEO
Mumbai Police have registered a fresh FIR against Yes Bank co-founder Rana Kapoor and investor Sudhir Valia.
Modi visits Netherlands to boost India's chip making with ASML
Prime Minister Modi's Netherlands visit spotlights ASML, the Dutch lithography giant critical to India's $14 billion semiconductor manufacturing ambitions.
Rapido's $240 million round drives Indian startups to $790 million
Indian startups raised $790 million across 18 deals this week, driven by Rapido's $730 million round, marking a sharp increase from last week's $120.4 million.
Majority of SpaceX shareholders approve 5-for-one split before Nasdaq debut
SpaceX shareholders have approved a 5-for-1 stock split, reducing the share price to $105.32, as the company prepares for its record-breaking IPO on Nasdaq in June.
SAIL posts Q4 profit jump over 42% to ₹1,680cr
State-owned SAIL reported a 42% rise in standalone net profit to ₹1,680 crore in Q4 FY26, driven by higher revenues and increased steel sales volumes.
NVIDIA CEO Jensen Huang says AI changes work, not jobs
Nvidia CEO Jensen Huang refutes claims that AI destroys jobs, emphasizing its role in transforming industries, boosting productivity, and increasing demand for skilled workers.
Rising wholesale inflation may soon hit household expenses: Report
Global analytics firm CRISIL has warned that a sharp rise in wholesale inflation could soon impact everyday household expenses.
AI is becoming operating foundation, infrastructure of intelligence: TCS chairman
Tata Consultancy Services (TCS) chairman N Chandrasekaran has said that generative and agentic artificial intelligence (AI) are entering a new phase of growth.
TCS aims to be global leader in AI led services
TCS aims to become the world’s largest AI-led technology services firm, with 130 of its top 139 clients already choosing it as their AI partner, says CEO K Krithivasan.
India's BRICS trade rises 10% annually to $416 billion
India's trade with Brics surged to $416 billion by CY2025, growing annually at 10%, but a sharp rise in imports pushed the trade deficit to $224 billion.
Aurobindo Pharma's CuraTeQ approved to market Bevqolva for colorectal cancer
CuraTeQ Biologics, a subsidiary of Aurobindo Pharma, has received CDSCO marketing authorization for Bevqolva, a bevacizumab biosimilar targeting metastatic colon or rectal cancer.
West Asia conflict raises fuel prices and threatens Indian inflation
Higher fuel prices from the West Asia conflict are driving up shipping and production expenses, prompting FMCG companies to raise prices on essentials, impacting consumer spending.
TCS CEO K Krithivasan earned over ₹28cr including ₹25cr commission
TCS CEO & MD K Krithivasan earned over Rs 28 crore in FY26, marking a 6.3% year-on-year increase, with his pay standing at 332.8 times the median employee salary.
No Swiggy, Zomato today? App-based gig workers call for strike
App-based gig workers have called for a temporary strike in India today.
Tata Sons faces pressure to list under RBI ₹1L/cr rule
Tata Sons faces mounting pressure to go public due to regulatory mandates from the RBI and internal divisions within the Tata Trusts, which control two-thirds of the conglomerate.
Donald Trump or advisers made over 3,700 trades amid concerns
President Donald Trump’s first-quarter financial disclosures reveal over 3,700 trades, sparking concerns about potential conflicts of interest and unprecedented trading activity.
YouTube, Snap and TikTok settle Breathitt County School District lawsuit
YouTube, Snap, and TikTok settled claims by a Kentucky school district over social media's role in the youth mental health crisis. Terms remain undisclosed.
India's ethanol capacity reaches 2,000 cr liters as demand lags
India has scaled ethanol production capacity to 2,400 crore litres by FY27, but only 60% of offered ethanol is absorbed due to limited demand and infrastructure constraints.
Mumbai Police booked Rana Kapoor, Sudhir Valia in ₹1,000cr fraud
Mumbai Police have filed a fresh FIR against ex-Yes Bank CEO Rana Kapoor and investor Sudhir Valia over an alleged ₹1,000-crore loan fraud.
'Totally false': Modi denies potential tax on foreign travel
Prime Minister Narendra Modi has dismissed a report that claimed the government was considering a tax or cess on foreign travel.
Crisil says India's wholesale inflation jumps to 8.3% in April
Crisil highlights a sharp rise in wholesale inflation, driven by surging global commodity costs, which may soon translate into higher retail prices for Indian households.
FTC probes Arm Holdings's chip licensing amid Seoul office investigation
The U.S. FTC is investigating Arm Holdings over potential monopolistic practices in its semiconductor licensing, amid global regulatory scrutiny of the British chip designer.
India's foreign exchange reserves rebound $6.3 billion ending May 8
India's foreign exchange reserves rose by $6.295 billion to $696.988 billion, with gold reserves registering a sharp increase of $5.637 billion, according to RBI data.
NVIDIA and Walmart earnings week tests AI demand and inflation
Nvidia's earnings and major retailer reports, including Walmart's, will provide key insights into the AI boom and consumer spending amid inflationary pressures.
N Chandrasekaran in FY2026 report: AI backbone, TCS $2.3B annualized
TCS chairman N Chandrasekaran emphasized that AI has evolved into the infrastructure of intelligence, influencing investments, supply chains, and enterprise operations globally.
Dr. Reddy's launches generic semaglutide in Canada with flexible dosing
Dr Reddy's Laboratories has introduced its generic semaglutide injection in Canada, marking the first G7 country to grant market authorization for this diabetes treatment.
SpaceX reportedly ties Elon Musk's pay to Mars settlement
SpaceX is reportedly crafting a compensation deal tying Elon Musk’s pay to Mars colonization, ensuring he remains irremovable as CEO to focus on humanity's multiplanetary future.
Starbucks opening 1st India corporate tech office to save $2B
Starbucks plans to establish its first corporate technology office in India by fiscal year 2027, aiming to reduce costs and bring outsourced roles back in-house.
OpenAI makes Greg Brockman permanent product chief merging ChatGPT, Codex
OpenAI has appointed co-founder Greg Brockman to lead product strategy, consolidating efforts as Fidji Simo, head of AGI Deployment, takes medical leave.
Mehra brothers' VaayuShop AI launches 'AI co-workers' for cleantech, fintech
Pune-based VaayuShop AI develops advanced agentic AI co-workers, revolutionising cleantech and fintech industries with reasoning and decision-making capabilities.
Shoppers sue Amazon in Seattle over tariff-related price hikes
Consumers filed a class action against Amazon, alleging the company unlawfully retained funds from Trump-era tariffs invalidated by the Supreme Court, instead of issuing refunds.
Jio opens budget 4G feature phone recharges after TRAI order
Reliance Jio has opened its low-cost 4G feature phone recharge plans to rival devices after Trai flagged device-specific tariffs as discriminatory, aiming to expand its user base.
Fuel prices in India rise by ₹3 per liter
State-run oil companies raised petrol and diesel prices by ₹3 per litre, citing elevated crude costs due to the West Asia conflict, marking the first hike since April 2022.
Jerome Powell remains interim Fed chair during Kevin Warsh transition
Jerome Powell has been named Federal Reserve chair pro tempore after his term ended, temporarily holding the role until Senate-confirmed successor Kevin Warsh is sworn in.
Berkshire Hathaway's Greg Abel puts $2.65B into Delta, holds Macy's
Berkshire Hathaway, led by Greg Abel, disclosed a $2.65 billion Delta Air Lines investment and a Macy’s stake amid significant portfolio changes in the first quarter of 2026.
SEC says Adani brothers misled investors in 2021 bond sale
The SEC and Adanis pursue court-approved consent judgments over allegations of misleading statements and bribery linked to Adani Green's 2021 $750 million bond offering.
Eastern US electricity prices surge 76% from AI data centers
Wholesale electricity prices in the eastern U.S. soared 76% in early 2026, driven by surging energy demands from AI data centers, straining resources across a 13-state region.
Modi government plans new tax on foreign travel: Report
The Indian government is considering a new tax on foreign travel, according to CNBC-TV18.
Oracle withdraws job offers from IITs, NITs amid global layoffs
Oracle has withdrawn job and internship offers from students at several top Indian institutes, including IITs and NITs.
India gets EU approval for seafood exports
India has secured a major win for its seafood export industry, with the European Union (EU) adding the country to its updated list of nations allowed to continue aquaculture exports beyond September 2026.
India's unemployment climbs to 5.2%, highest in 6 months
India's unemployment rate has hit a six-month high of 5.2% in April, up from March's 5.1%.
mAadhaar to retire soon: How to switch to new app
The Unique Identification Authority of India (UIDAI) has announced the impending retirement of its mAadhaar app.
Rapido raises $240M at $3B valuation
Rapido, a leading ride-hailing platform in India, has raised $240 million in a funding round led by Prosus. The investment values the company at $3 billion on a post-money basis.
Rupee hits record-low against dollar, crosses 96 for first time
The Indian rupee has hit a record low against the US dollar, crossing the 96 mark for the first time.
ITR filing for AY 2026-27 begins: How to file returns
The Income Tax Department has officially started the process of filing Income Tax Returns (ITRs) for the Assessment Year 2026-27.
Sensex drops 600 points from day's high
The Indian stock market witnessed a decline on Friday, with the benchmark indices Sensex and Nifty erasing their early gains.
Ankur Warikoo closes his ₹100cr courses business
Popular entrepreneur and content creator Ankur Warikoo has announced the closure of his highly successful courses business.
Honda posts its first-ever annual loss as EV bets falter
Japanese car giant Honda has reported its first annual loss in nearly 70 years. The company's massive investments in the electric vehicle (EV) market have not paid off as expected.
Judge seeks details on Anthropic's proposed $1.5B settlement with authors
A federal judge has sought more information regarding artificial intelligence (AI) firm Anthropic's proposed $1.5 billion settlement with authors.
Trump says he struck 'fantastic trade deals' with China
US President Donald Trump has claimed to have struck "fantastic trade deals" with Chinese President Xi Jinping.
Over 50 employees left Musk's SpaceXAI since merger
Elon Musk's newly rebranded venture, SpaceXAI, is witnessing an exodus of top talent.
Why Flipkart is delaying its IPO
Walmart has asked its e-commerce subsidiary, Flipkart, to delay its initial public offering (IPO) and focus on achieving profitability, as per Moneycontrol.
Anthropic set to raise $30B at $900B valuation
Anthropic, a leading artificial intelligence (AI) company, is on the verge of closing a massive $30 billion funding round.
Samsung workers push ahead with 18-day strike
Samsung Electronics' labor union has stuck to its plan of a strike, even after the company offered unconditional pay talks.
Musk-OpenAI trial nears end: Key takeaways and what's next
As the trial over alleged wrongdoing by OpenAI and its leaders comes to a close, Elon Musk's attorney has accused OpenAI CEO Sam Altman of deception.
Why OMC stocks are falling despite fuel price hike
Shares of state-run oil marketing companies (OMCs) such as Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL), and Indian Oil Corporation (IOCL) have witnessed a decline of up to 3% today.
Gautam Adani settles US fraud case with $18M payout
Gautam Adani and his nephew, Sagar Adani, have agreed to pay a total of $18 million to settle US Securities and Exchange Commission (SEC) charges.
RBI cancels registrations of 150 NBFCs
The Reserve Bank of India (RBI) has canceled the Certificates of Registration (CoR) of 150 non-banking financial companies (NBFCs).
AI chipmaker Cerebras soars 68% in NASDAQ debut
Cerebras Systems, a leading player in the artificial intelligence (AI) chip market, made a stellar debut on the NASDAQ.
Silver crashes nearly ₹12,000/kg
Gold and silver prices opened sharply lower on the Multi Commodity Exchange (MCX) today. The decline comes amid rising energy prices fueling inflation concerns and expectations of prolonged high interest rates.
OpenAI weighs legal action against Apple
OpenAI is considering legal action against Apple over a strained partnership, Bloomberg reported.
Petrol, diesel prices hiked by ₹3 per liter
In a major development, petrol and diesel prices have been hiked by ₹3 per liter each.
Sunil Mittal eyes majority control in Airtel again
Sunil Bharti Mittal, the reappointed chairman of the board of Bharti Airtel for five years until September 30, 2031, has revealed his long-term vision for the company.
EPFO deadline alert: File ECR, pay dues by May 15
The Employees' Provident Fund Organisation (EPFO) has urged employers to submit the Electronic Challan-cum-Return (ECR) for April 2026 and deposit their Employees' Provident Fund (EPF) and Employees' Pension Scheme (EPS) contributions by May 15, 2026.
Sona BLW dispute: SC grants interim relief to Rani Kapur
The Supreme Court has granted interim relief to Rani Kapur in the ongoing dispute involving the promoter family of Sona BLW Precision Forgings Limited.
Centre plans tax cuts for foreign bond investors
The Indian government is considering a major tax cut on the country's bonds for foreign investors.
Amazon announces fresh layoffs amid ongoing restructuring
Amazon has announced another round of layoffs, this time in its Selling Partner Services division.
Airline tickets in Europe likely to become costlier: Here's why
The ongoing conflict in Iran has disrupted fuel supplies and driven up jet fuel prices, prompting warnings of higher airfares across Europe.
Indian IT stocks fall for 4th day
Indian IT stocks have witnessed a decline for the fourth consecutive session, owing to fears of AI-led disruption after OpenAI's latest announcement.
How Sam Altman became billionaire without OpenAI shares
Sam Altman, the CEO of OpenAI, has become a multi-billionaire despite not holding any equity in the company he leads.
Shutterstock to pay $35M in FTC settlement over subscription practices
Shutterstock has agreed to pay $35 million to settle allegations brought by the Federal Trade Commission (FTC) over deceptive subscription and billing practices.
HCLTech bets $150M on Sarvam AI
HCLTech is set to lead a $300 million (approximately ₹2,850 crore) funding round in Sarvam AI, an Indian company specializing in foundational models.
Trump admin defends visa restrictions for social media moderators
The Trump administration is defending its controversial policy to deny entry to some social media moderation advocates.
India's wholesale inflation spikes to 42-month high
India's wholesale inflation has spiked sharply to a 42-month high of 8.3% in April, significantly outstripping March's 3.88% and the 5.5% estimate.
Indian rupee hits new all-time low of 95.85 per dollar
The Indian rupee has hit a new all-time low, falling to 95.85 against the US dollar on Thursday.
China is open for business, Xi tells US CEOs
Chinese President Xi Jinping has assured top United States CEOs of greater access to the Chinese market.
Anduril hits $61B valuation after fresh $5B funding round
US-based defense technology company Anduril Industries has raised a whopping $5 billion in its latest funding round. The investment has doubled the company's valuation to an impressive $61 billion.
Cisco to lay off 4,000 employees amid AI-led restructuring
Cisco Systems, the networking equipment maker, has announced plans to cut its workforce by nearly 4,000 employees in Q4 FY26. The decision comes as part of an AI-driven business restructuring strategy.
Mississippi loophole leaves xAI's gas-powered data center largely unregulated
Elon Musk's artificial intelligence company, xAI, is facing a lawsuit from the NAACP (National Association for the Advancement of Colored People) over its operation of 46 natural-gas turbines at its Mississippi data center.
India bans sugar exports
India, the world's second-largest sugar producer, has imposed an immediate ban on sugar exports until September 30, 2026.
Microsoft-owned LinkedIn to lay off nearly 5% of workforce
Microsoft-owned professional networking platform, LinkedIn, is gearing up to cut nearly 5% of its global workforce. The move comes as part of a larger restructuring effort within the tech industry.
Trump ally Kevin Warsh confirmed as new Federal Reserve chair
Kevin Warsh has been confirmed as the new chair of the Federal Reserve in a historic Senate vote.
Your final provident fund withdrawal claims will soon be automated
The Employees' Provident Fund Organisation (EPFO) is set to revolutionize its services by automating the process of settling final provident fund withdrawal claims.
Selling fake external hard drives to become difficult in India
The Indian government has decided to bring external hard disk drives (HDDs) under a safety and registration regime.
Anthropic plans to buy this AI start-up for over $300M
AI start-up Anthropic is said to be in advanced talks to buy Stainless, a company that creates software for easier access to artificial intelligence (AI) models.
SpiceJet moves SC against a deposit order of ₹144.5cr
SpiceJet has challenged a Delhi High Court order in Supreme Court that asked the airline to deposit ₹144.5 crore in its ongoing legal battle with Kalanithi Maran and KAL Airways Pvt Ltd.
Amul's milk products will be ₹2 costlier from tomorrow
Amul has announced a price hike of ₹2 per liter on its milk products, effective from tomorrow.
Tata Motors Q4 profit surges 34% to ₹1,793cr
Tata Motors has reported a 33.8% jump in its consolidated net profit for the fourth quarter of FY26.