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Honasa Consumer, Mamaearth parent, shares hit ₹438 52-week high
Shares of Honasa Consumer surged 77% in six months, reaching a 52-week high of Rs 438, driven by strong financial performance and ambitious FY31 growth targets.
IIM Lucknow launches B.S. in AI and Business Analytics
IIM Lucknow begins admissions for its new BS in Artificial Intelligence and Business Analytics, offering 60 seats for JEE Advanced-qualified candidates.
Vedanta Ltd splits into 5 companies effective May 1 2026
Vedanta's five-way demerger reshapes its dividend dynamics, with payouts now distributed across newly formed entities, reflecting their individual cash flows and priorities.
ICICI Securities keeps buy on Honasa Consumer with ₹500 target
ICICI Securities recommends a buy rating for Honasa Consumer, targeting Rs 500, citing robust growth plans and strategic innovations shared during its Investor Day.
SAMCO Securities launches global investing platform at GIFT City
SAMCO Securities has launched a global investing platform via GIFT City, enabling Indian investors to trade US-listed stocks and ETFs with research-backed insights.
Alembic Pharmaceuticals wins tentative FDA approval for generic Vitrakvi (larotrectinib)
Alembic Pharmaceuticals received tentative USFDA approval for its generic Larotrectinib Capsules, potentially securing 180-day marketing exclusivity under the Hatch-Waxman Act.
GlobalFoundries to manufacture RF chips with Indian Fermionic under DLI
GlobalFoundries will manufacture RF chips for Fermionic, marking the first-ever production of Indian semiconductors by the global chipmaking giant under a strategic partnership.
CBDT announces 6 criteria to prioritize scrutiny of ITRs
Income tax returns may face compulsory scrutiny if linked to surveys, search operations, reassessments, recurring disputes, or specific tax-evasion inputs under CBDT guidelines.
Sensex rebounds 376 points to 74,360 while Nifty hits 23,316
Sensex surged 861 points from its intraday low, driven by gains in private banking and pharmaceutical stocks, with ICICI Bank, Kotak Mahindra Bank, and Reliance leading the rally.
AI linked layoffs in 2026 outpace 2024 and 2025 combined
Tech companies are cutting jobs at record rates, citing AI as the primary reason, while top firms spend an average of Rs 6.4 lakh per employee monthly on AI tools.
Anthropic to provide Claude AI access to 50,000 TCS employees
Tata Consultancy Services (TCS) has announced a global strategic partnership with artificial intelligence (AI) company Anthropic.
Bill Gates tells Congress he regrets meeting Jeffrey Epstein
Bill Gates admitted to US lawmakers that associating with Jeffrey Epstein was a serious misjudgment, jeopardizing his reputation and decades of philanthropic efforts.
Flipkart shakes up leadership to supercharge AI and tech
Flipkart has onboarded top executives from Coupang, Swiggy, Razorpay, and Tata Digital to strengthen its AI-driven transformation across engineering, product, and data science.
ShinyHunters hacked Oracle servers at over 100 organizations
The notorious cybercrime group, ShinyHunters, has claimed responsibility for breaching Oracle's PeopleSoft servers at over 100 organizations. The victims include a number of universities.
Gold ETFs outflow ₹725cr as multi-asset inflows slip to ₹3,928cr
Gold ETFs saw a net outflow of Rs 725 crore in May, while inflows into multi-asset allocation funds declined by 23%, raising questions about shifting investor preferences.
Reliance Jio secures 32.8% Kerala share and ₹868.16cr adjusted revenue
Reliance Jio solidified its leadership in Kerala during FY 2025-26, achieving a 32.8% AGR market share and adding over 5 lakh subscribers across mobility and broadband services.
Vahh Chemicals lists BSE-SME at ₹70, 17% above IPO price
Vahh Chemicals shares listed at ₹70 on BSE SME, a 17% premium over the IPO price of ₹60, before facing selling pressure and hitting the 5% lower price band.
Trump says he 'loves inflation' as prices hit 3-year high
US President Donald Trump has said "I love the inflation," after consumer prices surged by 4.2% in May, the highest since April 2023.
Gold prices hit 6-month low
Gold prices have plunged to a six-month low, following fresh US military strikes on Iran.
Unicorn Infosolutions opens 100th Apple store, targets 150 stores
Unicorn Infosolutions, India's largest Apple Premium Partner, celebrates opening its 100th store, marking over two decades of growth and a strong retail presence nationwide.
MTAR dips 4% after Bloom Energy pause, still up 185%
MTAR Technologies shares dropped 4% after key client Bloom Energy faced a 10% stock decline in the US, triggered by the pause of a major AI-linked data-centre project.
Sam Altman-backed Opendoor exits India, lays off 250 employees
US-based real estate technology company Opendoor has announced its decision to shut down operations in India. The closure will affect nearly 250 employees working for the company in the country.
Bengaluru startup 4baseCare raises ₹128cr to globalize precision cancer tech
Bengaluru-based precision oncology startup 4baseCare has raised Rs 128 crore, including a Rs 38 crore top-up round led by growX Ventures and Infosys, to expand globally.
Centre waives excise duty on ethanol-blended petrol
The Indian government has waived the excise duty on certain types of ethanol-blended petrol. The exemption applies to E22, E25, E27 and E30 fuel blends.
Microsoft plans major layoffs in Xbox division
Microsoft's gaming division, Xbox, is planning major layoffs and budget cuts. The move comes as part of a restructuring effort under new CEO Asha Sharma.
MSCI EM top 10 lacks Indian firms for 1st time
For the first time since 2000, no Indian company ranks in the MSCI Emerging Markets Index top 10, as India's overall weight hits a six-year low of 10.87%.
Nifty IT index drops 2.4% on AI worries, global slump
The Nifty IT index plunged 2.4%, underperforming the broader market, as global tech weakness and AI-related growth concerns weighed on major stocks like HCL Tech, Infosys, and TCS.
Fund managers highlight AI, trade and exports driving India's growth
India's growth is diversifying across sectors, with AI driving opportunities. Kailash Kulkarni emphasizes agility and realistic investor expectations for sustainable success.
Sensex drops over 250 points as U.S.-Iran tensions unsettle investors
Sensex dropped over 250 points and Nifty neared 23,100 as escalating US-Iran tensions and rising Brent crude prices triggered a global risk-off sentiment on Thursday.
India secures urea imports at $444.90 to $617 per ton
India's urea import prices have dropped significantly, signaling an easing of global supply issues. Offers in the latest tender were less than half of April's rates.
Coupang fined $409 million in South Korea's largest data leak penalty
South Korea imposed a $409 million fine on Coupang for leaking data of over 33 million customers and illegally collecting personal information, marking its largest-ever penalty.
SpaceX IPO at $135 making about 4,000 employees millionaires
SpaceX's historic $1.8 trillion IPO at $135 per share will create 4,000 employee millionaires, sparking a real estate boom in Brownsville, Texas, near the company's headquarters.
CLSA sets ₹1,512 target for Infosys citing GenAI market boom
CLSA reiterated its 'outperform' rating on Infosys, citing a $300-400 billion GenAI opportunity by 2030 and set a target price of Rs 1,512, implying over 32% upside.
South Korea's KOSPI plunges 9% after AI chip selloff
South Korea's KOSPI plunged 9% in two sessions, driven by profit booking in AI-linked semiconductor stocks, rising U.S. inflation, and geopolitical tensions in West Asia.
Indian rupee to open weaker after Iran and US tensions
The Indian rupee is set to weaken as escalating Iran–US tensions drive Brent crude prices higher, while a tepid risk environment adds further pressure on the currency.
Mahindra may see up to 15% June SUV output drop
Mahindra & Mahindra may face up to a 15% SUV production decline in June due to labour shortages at key suppliers, disrupting output of popular models like the XUV 7XO and Thar.
Most Indian banking leaders report rising fraud losses, BioCatch survey
A BioCatch survey reveals 84% of Indian banking leaders report increased fraud losses, with AI-driven threats and instant payment platforms emerging as major concerns.
Oil India Limited to start ultra deepwater drilling February 2027
Oil India Limited (OIL) is set to launch exploratory drilling in ultra-deepwater blocks off India’s East Coast by 2027, marking a significant expansion of its offshore operations.
SEBI alleges Rajesh Exports inflated ₹15.2 trillion, Rajesh Mehta cooperating
Rajesh Exports chairman Rajesh Mehta stated the company will fully cooperate with Sebi's investigation into alleged revenue inflation of Rs 15.2 lakh crore between FY21 and FY25.
Reliance 4IR Realty, Mahadev Realtors to redevelop Gilbert Hill slum
Reliance Industries Limited's consortium won the 101-acre Gilbert Hill slum cluster redevelopment project, marking its entry into Mumbai’s slum rehabilitation sector.
Opendoor winds down India operations, cuts about 250 jobs
US-based real estate platform Opendoor is shutting down its India operations, laying off nearly 250 employees as it shifts operational roles to AI-native teams in the US.
Gold falls to 6-month low after US strikes on Iran
Gold prices dropped to a six-month low as US military strikes on Iran spiked oil prices, stoking inflation fears and bolstering expectations of prolonged high interest rates.
Sen. Elizabeth Warren urges SEC to delay SpaceX IPO
Senator Elizabeth Warren has called on the SEC to delay SpaceX's IPO, citing concerns over its high valuation, corporate governance, and potential risks to investors.
US core CPI rises 0.2%, traders expect Fed December hike
Bond traders remain confident in a Federal Reserve rate hike by year-end, despite softer-than-expected core inflation data providing the central bank room for a cautious approach.
Manam Chocolate raises $9 million to open more Delhi-NCR stores
Manam Chocolate, a premium farm-to-bar chocolate brand, raised $9 million in Series A funding led by Omnivore to expand its retail presence across India, starting with Delhi NCR.
Oracle plans $40B AI build including Stargate amid investor unease
Oracle plans to raise $40 billion in new financing, adding to its $43 billion debt from last year, as AI infrastructure costs outpace revenue growth.
Contactless tap-to-pay cards gain rapid adoption among Indian consumers
Contactless 'tap-and-pay' card transactions now account for up to a third of total card swipes, driven by younger consumers and expanding payment infrastructure.
Venkatesh Korla: AI personalizes HGS service, influences nearly 25% revenue
Customer service is evolving from a cost centre to a core business function, as AI enables personalized customer interactions at scale, says HGS CEO Venkatesh Korla.
India labor codes require 50% wages, firms add tax-friendly perks
India Inc is mitigating the impact of new labour codes on take-home pay by expanding tax-efficient allowances and benefits, despite muted salary hikes.
Anthropic sets up $200 million fund to study automation's workforce effects
Anthropic has launched a $200 million fund to study AI-driven job disruptions, advocating for universal basic income and stricter AI regulations to ensure equitable outcomes.
DOJ issues subpoenas probing banks closing accounts over political views
Federal prosecutors have subpoenaed major banks, including JPMorgan and Bank of America, investigating claims they closed accounts over customers' political affiliations.
Russell Horwitz quits Goldman after raising Ruemmler Epstein concerns
Russell Horwitz, Goldman’s chief of staff, is leaving after opposing CEO David Solomon’s support for Kathy Ruemmler, whose ties to Jeffrey Epstein sparked internal controversy.
Hussain Sajwani invests $66 billion to build AI data centers
UAE billionaire Hussain Sajwani, a Trump ally, is investing $66 billion in global data centers through DAMAC Digital, aiming to dominate the AI-driven demand for computing power.
ITAT restores charitable status of Reliance Foundation Mumbai hospital
The ITAT overturned the Income Tax department's cancellation of Reliance Foundation Hospital's charitable registration, affirming medical relief as charity.
RBI issues draft rules to ease banks' derivatives risk management
The Reserve Bank of India has proposed draft guidelines for counterparty credit risk, aligning banks' risk calculations and capital requirements with international standards.
ZEE5 restricts FIFA World Cup to ₹799 or ₹1,699 subscriptions
Zee Entertainment is offering exclusive FIFA World Cup subscription packs on ZEE5, avoiding telecom bundling to focus on direct subscriber growth through ₹799 and ₹1,699 plans.
Oil jumps nearly 3% after Trump's warning, US crude $90.76
Oil prices surged as US President Donald Trump threatened further military action against Iran, raising fears of escalating West Asia tensions disrupting energy supplies.
SpaceX $75 billion IPO sidelines junior banks' fees and recognition
SpaceX's $75 billion IPO has left junior banks frustrated, as they are relegated to minor co-manager roles with small fees and limited prestige.
Bharti Airtel rebrands priority postpaid service as 'Fast Lane'
Bharti Airtel is rapidly expanding its 5G network in northern India, adding over 2,900 new sites.
Gold prices could fall by 20%: Here we decode why
Citigroup has revised its gold price forecast, cutting the three-month target from $4,300 to $4,000 per ounce.
Modi government turns 12: A look at major tax reforms
As Prime Minister Narendra Modi completes 12 years in office, several changes have been made to India's taxation laws and systems.
Zepto's Aadit Palicha to become youngest MD, CEO in India
Aadit Palicha, the co-founder of Zepto, is set to become the youngest managing director and chief executive officer (CEO) of a publicly listed company in India.
Your IndiGo flight may soon fly over Himalayas
IndiGo, India's aviation giant, is considering the option of flying over the Himalayas.
Starlink's launch in India has not been put on hold
Starlink, Elon Musk's satellite internet service, has responded to reports of its India launch being delayed due to security concerns over the Iran conflict.
Bombay HC offers Anil Ambani interim relief in tax-evasion case
The Bombay High Court has granted interim protection from prosecution and penalty to industrialist Anil Ambani in an alleged tax evasion case.
Bharat Forge will make semiconductor chips now
Bharat Forge, India's leading forging and engineering company, has made its entry into the billion-dollar semiconductor industry.
HDFC Bank hikes FCNR deposit rates: How it affects you?
HDFC Bank has announced a major hike in the interest rates for its Foreign Currency Non-Resident (FCNR) deposits.
Palantir to sue London mayor for blocking £50M Met contract
Palantir, a US spy-tech company, is planning to sue London Mayor Sadiq Khan.
Trump family made $500M from a cryptocurrency deal
The family of US President Donald Trump made $500 million from a cryptocurrency deal, just before the involved company suffered a collapse.
Cognizant generates $200M sales pipeline by listening to employee conversations
Cognizant, a leading IT services company, has generated an additional $200 million in sales pipeline by leveraging artificial intelligence (AI) to analyze internal communications.
This Ambani-backed start-up seeks $100M to make humanoid robots
Addverb Technologies, an Indian start-up backed by billionaire Mukesh Ambani's Reliance Industries, is looking to raise over $100 million.
Salesforce has embarked on another round of layoffs
Salesforce, the leading customer relationship management (CRM) company, has laid off employees in a new round of job cuts.
Sensex up 380 points, Nifty crosses 23,300: What's driving rally?
The Indian stock market opened on a positive note today, with the Sensex rising by 378.77 points or 0.51% to hit 74,297.52.
Reliance to build Meta's 1st AI data center in India
Meta, the parent company of Facebook, has teamed up with Reliance Industries Limited (RIL) to establish its first artificial intelligence (AI)-driven data center in India.
Why xAI, SpaceX are facing class-action lawsuit in the US
Elon Musk's companies, xAI and SpaceX, are facing a class-action lawsuit filed by residents of Mississippi, US.
IDBI Bank should be sold in FY27, says report
The strategic divestment of IDBI Bank is now expected to be completed in FY27, government sources have said to Moneycontrol.
Why Microsoft has fired hundreds of Azure employees in China
Microsoft has laid off hundreds of employees in its Azure cloud unit in China.
Why Rajiv Bajaj is stepping down from Bajaj Finserv's board
Rajiv Bajaj, a prominent non-executive director at Bajaj Finserv, has decided to step down from the company's board.
World's biggest banks funneled $906B into fossil fuels last year
The world's biggest banks have pledged a staggering $906 billion in financing to the fossil fuel industry last year, a new report has revealed.
PhonePe, CRED will soon allow rent payment using credit cards
Fintech giants PhonePe and CRED are testing a new model for rent payments through credit cards.
Adani Energy is acquiring smart metering firm IntelliSmart for ₹3,050cr
Adani Energy Solutions Limited (AESL) has announced its plan to acquire IntelliSmart Infrastructure Private Limited for ₹3,050 crore.
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.
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.
IndiGo shares surge 4% on FY30 growth plans
Shares of InterGlobe Aviation, which operates IndiGo, surged over 4% on Thursday.
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.'
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.
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.
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.
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.
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.
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.
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).
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.