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Business News

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28 May 2026
TL;DR

Bitcoin falls to $73,005 amid US and Iran tensions, liquidations

Bitcoin dropped to $73,000 as US-Iran tensions and $700 million in crypto liquidations rattled markets, while ETF outflows surpassed $2.5 billion over the past two weeks.

28 May 2026
TL;DR

IEA says Middle East conflict will reshape global energy investment

The International Energy Agency warns the Iran war is triggering unprecedented energy disruptions, reshaping global investments and driving a resurgence in coal and natural gas.

28 May 2026
TL;DR

Decentro becomes 1st Indian payment aggregator with IFSCA PSP license

Decentro becomes the first Indian payment aggregator to receive IFSCA's Payment Service Provider licence, enabling cross-border payment operations from GIFT City.

28 May 2026
TL;DR

Donald Trump sues WSJ for $10B over Epstein birthday card

US President Donald Trump has refiled a $10 billion defamation lawsuit against the Wall Street Journal, alleging reputational harm over claims linking him to Jeffrey Epstein.

28 May 2026
TL;DR

AI shift prompts big tech layoffs while cybersecurity hiring surges

As AI drives widespread tech layoffs, demand for cybersecurity experts is surging due to growing fears of AI-powered cyber threats and untested software vulnerabilities.

28 May 2026
TL;DR

Swiggy's change to Articles of Association for CEO nominations fails

Swiggy stated the rejected board proposal aimed to ensure management continuity and representation, dismissing concerns about granting founders additional powers.

28 May 2026
TL;DR

HP Q2 revenue up 9% to $14.41 billion, beats expectations

HP surpassed second-quarter revenue and profit forecasts, driven by robust demand for AI-optimized PCs and a Windows 11 upgrade cycle amid rising memory chip costs.

28 May 2026
TL;DR

Eighth Pay Commission considers pension choice for central government employees

The 8th Pay Commission consultations may introduce a pension choice for central government employees, offering flexibility and security in retirement benefits.

28 May 2026
TL;DR

ACCA survey finds 81% of Indian employees will seek raises

Amid rising living costs, only 29% of Indian employees are satisfied with their salaries, with 81% planning to request pay hikes in the next year, an ACCA report reveals.

28 May 2026
TL;DR

FAA clears Boeing to raise 737 Max output to 47

Boeing received FAA approval to increase 737 Max production from 42 to 47 jets monthly, a critical step toward improving profitability and addressing growing market demand.

28 May 2026
TL;DR

Sensex down near 0.2% as oil jumps, India VIX eases

Gift Nifty 50 futures plunged 1.7% after US strikes on an Iranian military site escalated geopolitical tensions, signaling a sharp gap-down opening for Indian markets Friday.

28 May 2026
TL;DR

India to see $170B energy investment by 2026: IEA

India's energy investment is projected to reach $170 billion in 2026, driven by rapid solar expansion, grid upgrades, and a surge in oil refining capacity, according to the IEA.

28 May 2026
TL;DR

AI accelerates India's SaaS development and forces pricing model changes

Indian SaaS startups are under pressure as AI accelerates product cycles, disrupts customer acquisition, and forces founders to rethink survival strategies in real time.

28 May 2026
TL;DR

UK may block Sunil Bharti Mittal exceeding 25% BT ownership

The UK government plans to prevent Indian billionaire Sunil Bharti Mittal from raising his stake in BT beyond 25%, citing national infrastructure sovereignty concerns.

28 May 2026
TL;DR

H-1B returnees from US face hiring slowdown in Indian tech

Indian tech professionals returning from the US face a challenging job market, as AI-driven shifts and economic headwinds reshape hiring dynamics in traditional IT roles.

28 May 2026
TL;DR

Kissht operating revenue up 68% to ₹619cr net profit ₹82cr

Kissht reported a 68% year-on-year surge in operating revenue to Rs 619 crore in Q4 FY26, with profit rising 52% to Rs 82 crore during the same period.

28 May 2026
TL;DR

Goldman Sachs raises S&P 500 target to 8,000 by 2026

Goldman Sachs has raised its S&P 500 target for 2026 to 8,000, citing robust corporate earnings and significant contributions from AI-driven investments as key growth drivers.

28 May 2026
TL;DR

Meta cuts about 8,000 jobs, flags company-sponsored visa hurdles

Meta's layoff email addressed visa-related uncertainties, directing affected H-1B employees to its Alumni Portal for immigration guidance and legal support details.

28 May 2026
TL;DR

Gulf Oil Lubricants India posts 4,057.04cr revenue despite profit dip

Gulf Oil Lubricants India reported a consolidated profit after tax of ₹85.59 crore for the March quarter, marking a 3.46% decline from ₹92.80 crore in FY25's last quarter.

28 May 2026
TL;DR

Copper hits lowest in a week amid Middle East tensions

Copper prices fell to a one-week low as escalating Middle East tensions lifted the dollar and oil prices, stoking inflation fears and concerns over global economic growth.

28 May 2026
TL;DR

PIDG to launch India sustainable infrastructure fund by 2026

London-based PIDG plans to introduce a unique fund in India by the second half of 2026, focusing on healthcare and agriculture projects to boost sustainable development.

28 May 2026
TL;DR

Asian stocks fall after US strike in Iran, crude jumps

Asian shares wavered Thursday as renewed US-Iran tensions dampened investor sentiment, while rising oil prices and looming US inflation data added pressure to global markets.

28 May 2026
TL;DR

CUP Bathinda team makes biodegradable edible tableware from paddy stubble

A Punjab-based startup incubated at Central University of Punjab has developed biodegradable tableware from paddy stubble, offering a sustainable alternative to plastic waste.

28 May 2026
TL;DR

Standard Chartered CEO Winters apologizes for 'lower-value human capital' remark

Bill Winters faced backlash over comments on replacing "lower-value human capital" with AI. He later apologised, emphasising support for affected employees.

28 May 2026
TL;DR

Oil rises after US strikes Islamic Republic following ship attacks

Oil prices climbed after US forces struck targets in Hormuz, while negotiations between Washington and Tehran stalled over control of the vital waterway and sanctions relief.

28 May 2026
TL;DR

NVIDIA's Huang joins Tsinghua SEM advisory amid US chip curbs

Nvidia CEO Jensen Huang will join the advisory board of Tsinghua University's School of Economics and Management, an elite Chinese institution chaired by Apple's Tim Cook.

28 May 2026
TL;DR

IMF approves $695 million in $2.4bn Sri Lanka recovery package

The IMF has approved USD 695 million for Sri Lanka under its Extended Fund Facility, aiding recovery from Cyclone Ditwah and economic challenges worsened by the West Asia conflict.

28 May 2026
TL;DR

PhysicsWallah co founder Prateek Maheshwari bets on conversational AI tutors

PhysicsWallah co-founder Prateek Maheshwari asserts that recorded learning is obsolete, emphasizing conversational AI tutors integrated with live learning as the future of edtech.

28 May 2026
TL;DR

Gold falls amid U.S.-Iran tensions, Fed and US spending watched

Gold prices slipped 0.8% as escalating U.S.-Iran tensions drove oil higher, raising inflation concerns and complicating the Federal Reserve's interest rate trajectory.

28 May 2026
TL;DR

NSE and BSE closed on May 28 for Eid al-Adha

Indian stock markets, NSE and BSE, are closed today, May 28, 2026, due to Bakri Id. Trading in equities, derivatives, and currency markets will remain suspended for the day.

28 May 2026
TL;DR

Asian stocks slip as U.S.-Iran tensions push oil higher

Asian equities dipped 0.2% after mixed US-Iran signals on war resolution, while Brent crude surged 2.2% to $96.30 amid ongoing disruptions in the Strait of Hormuz.

28 May 2026
TL;DR

American Airlines to double Hyderabad hub staff by early 2027

American Airlines plans to expand its Hyderabad technology hub workforce from 400 to 800 employees by early next year, reflecting India's growing role in aviation tech.

28 May 2026
TL;DR

Indian rupee steady 95.69 per USD as oil falls

The Indian rupee remained steady at 95.69 per dollar as falling oil prices and expectations of a West Asian truce supported stability amid central bank interventions.

28 May 2026
TL;DR

Triomics raises $22 million to streamline cancer care with AI

Triomics secured $22M in Series B funding to enhance its AI-powered platform, streamlining tasks like clinical trial matching and appointment prep for cancer centers.

28 May 2026
TL;DR

Base metal prices fall as U.S.-Iran negotiations unsettle investors

Industrial metals, including copper and aluminum, fell as uncertainty over a potential US-Iran peace deal fueled concerns about global economic growth and supply disruptions.

28 May 2026
TL;DR

Dow hits record high as healthcare and consumer stocks rally

The Dow Jones closed at a record high, driven by healthcare and consumer gains, while the S&P 500 and Nasdaq remained steady as the AI-led rally took a breather.

28 May 2026
TL;DR

Mexico and US begin Mexico City talks to update USMCA

Mexico and the US began revising the USMCA in Mexico City, focusing on economic security and industrial rules amid tensions over tariffs, organized crime, and cross-border issues.

28 May 2026
TL;DR

Anthropic hires Sangeeta Bavi to lead India startup and growth

Anthropic has appointed Sangeeta Bavi as Head of Digital Natives, Startups & Growth for India, further bolstering its leadership as the country becomes a key market for Claude.

28 May 2026
TL;DR

Global capability centers in India to raise fresher hiring 12%

Global capability centres (GCCs) plan a 12% rise in fresher hiring this fiscal, contrasting with the IT services sector's slowdown and stagnant entry-level salaries.

27 May 2026
Amazon

Indian competition watchdog's ₹202cr fine on Amazon quashed by SC

The Supreme Court has overturned the Competition Commission of India's ₹202 crore fine on Amazon.

27 May 2026
Supreme Court Of India

SC upholds retrospective 28% GST on online gaming in India

The Supreme Court has upheld the Indian government's decision to impose a retrospective Goods and Services Tax (GST) of 28% on online gaming companies.

27 May 2026
BYJU'S

How Byju Raveendran lost a $22B empire

Byju Raveendran, the founder of India's largest edtech company BYJU'S, has been sentenced to six months in prison by a Singapore court.

27 May 2026
Reliance Jio

Jio launches OTT pass with 15 services for ₹200

Reliance Jio has launched a new prepaid add-on plan, the OTT Pass, for ₹200.

27 May 2026
HDFC Bank

HDFC Bank denies offering differential interest rates on deposits

HDFC Bank has refuted allegations of misconduct in its internal audit and governance processes.

27 May 2026
FIFA World Cup

Zee Entertainment shares surge after FIFA World Cup broadcast bid

Shares of Zee Entertainment Enterprises surged nearly 12% to ₹92.41 today.

27 May 2026
Vande Bharat Express

Vande Bharat trains might soon ply in Bangladesh, Nepal, Africa

India is looking to export its flagship Vande Bharat trains to other countries, especially those with aging railway systems.

27 May 2026
India

Liquor giant Pernod Ricard facing tax evasion probe in India

India's customs authorities are investigating French liquor giant Pernod Ricard over alleged tax evasion.

27 May 2026
Adani Group

Adani Power now has higher market cap than Infosys

Adani Power has overtaken IT giant Infosys in terms of market capitalization.

SBI Funds Management to launch its ₹13,000cr IPO by July

SBI Funds Management, India's largest asset manager, is gearing up for an initial public offering (IPO) to raise around ₹13,000 crore.

27 May 2026
Air India

Air India cuts domestic flights from June

Air India has announced a temporary reduction in its domestic flight operations from June to August 2026.

27 May 2026
Taiwan

NVIDIA to invest $150B annually in world's AI epicenter

NVIDIA, the world's most valuable company, has announced its plan to invest a whopping $150 billion annually in Taiwan.

Micron becomes latest chipmaker to hit $1 trillion valuation

Micron Technology Inc. has become the latest chipmaker to hit a market capitalization of over $1 trillion.

27 May 2026
SpaceX

SpaceX wins $2.3B satellite communication contract from US Space Force

The US Space Force has awarded a massive $2.29 billion contract to SpaceX.

27 May 2026
Samsung Electronics

Samsung to spend $1.5B on semiconductor testing plant in Vietnam

Samsung Electronics plans to invest $1.5 billion in Vietnam to establish a semiconductor testing plant.

27 May 2026
American Airlines

You can soon use Starlink on your American Airlines flight

American Airlines has announced its plan to install SpaceX's Starlink Wi-Fi on over 500 of its narrow-body Airbus aircraft.

27 May 2026
Stock Market

Why FirstCry parent's shares are down 50% from issue price

Brainbees Solutions, the parent company of e-commerce platform FirstCry, has witnessed a major drop in its share value.

27 May 2026
Vodafone Idea

Vodafone Idea shares hit 52-week high today: What's the reason?

Vodafone Idea's shares hit a 52-week high for the sixth consecutive session today.

27 May 2026
BYJU'S

Byju Raveendran breaks silence after Singapore jail order

Byju Raveendran, the founder of Indian edtech company BYJU'S, has been sentenced to six months in jail by a Singapore court.

27 May 2026
Elon Musk

Musk considers merging SpaceX and Tesla

Elon Musk is gearing up to take SpaceX, his second trillion-dollar company, public. The move will likely make him the head of two of the 10 most valuable US companies.

27 May 2026
Berkshire Hathaway

AI boom just created a company bigger than Berkshire Hathaway

SK Hynix, the South Korean semiconductor firm, has crossed a major milestone by hitting a market capitalization of over $1 trillion.

27 May 2026
Federal Reserve

Gold, silver prices rise on geopolitical tensions, dollar's weakness

Gold and silver prices witnessed an uptick on Wednesday, driven by a weaker US dollar and ongoing geopolitical tensions in West Asia.

27 May 2026
China

China's factory profits hit 2-year high

China's industrial sector has witnessed a surge in profits, with a 24.7% jump in April compared to the same month last year.

27 May 2026
Samsung Electronics

Samsung union approves deal offering ₹3cr bonus per chip worker

Samsung Electronics' largest union has approved a compensation deal, averting a potential strike that could have disrupted the global chip supply chain.

27 May 2026
BYJU'S

Byju Raveendran sentenced to 6 months in Singapore jail

Byju Raveendran, the founder of Indian edtech firm BYJU'S, has been sentenced to six months in prison by a Singapore court.

26 May 2026
Zomato

This Zomato loophole may help you avoid platform fee, commission

A viral post on X has raised concerns over a possible loophole in Zomato's delivery system.

26 May 2026
United Kingdom

Why British oil giant BP has fired its chairman

British oil giant BP has sacked its Chairman Albert Manifold with immediate effect.

26 May 2026
Maruti Suzuki

Maruti Suzuki wants its employees to work-from-home wherever possible

Maruti Suzuki, India's largest car manufacturer, has announced a series of measures in light of Prime Minister Narendra Modi's call for austerity.

26 May 2026
LinkedIn

LinkedIn moves NCLAT against ₹27L penalty imposed by RoC

LinkedIn, the professional networking platform owned by Microsoft, has challenged a penalty imposed by India's Registrar of Companies (RoC).

26 May 2026
Pokemon

You can soon snack on Pokemon in India

Snack brand Taali has announced a partnership with The Pokemon Company, marking its presence in India's fast-growing snacking category.

26 May 2026
MeitY

India Semiconductor Mission launches online portal: How it helps investors

The India Semiconductor Mission (ISM), a part of the Ministry of Electronics and Information Technology (MeitY), has launched an online "Investors Support" portal.

26 May 2026
India

India's solar projects have to use locally-made cells from June

The Ministry of New and Renewable Energy (MNRE) has announced that new solar power projects in India will need to use approved, domestically made solar cells from June 1, 2026.

26 May 2026
Air India

Tata Sons concludes crucial board meeting amid governance concerns

The board of directors at Tata Sons, the holding company of the salt-to-software conglomerate, met today.

26 May 2026
Nigeria

Soybean prices jump 41%, forcing Indian traders to cancel exports

Indian traders have canceled 25,000 metric tons of soymeal export contracts for the first time since 2021.

26 May 2026
Indian Rupee (INR)

Why AI boom is quietly hurting Indian rupee

Mahesh Nandurkar, MD and Head of India Research at Jefferies India, has said that the weakening Indian rupee is more a result of declining capital inflows than the current account deficit (CAD).

26 May 2026
Ferrari

Why Ferrari shares tanked 6% after Luce EV reveal

Ferrari's shares took a major hit on Tuesday, falling by over 6% after the company unveiled its first-ever fully electric vehicle (EV), the Luce.

26 May 2026
Bengaluru

Your meals in Bengaluru might become 60% costlier soon

Bengaluru's food scene is on the verge of a major price shift, with hotel associations warning of a potential 60% hike in food prices.

26 May 2026
Nandan Nilekani

Nandan Nilekani's new venture bets ₹3,000cr on AI, deep-tech start-ups

Fundamentum Partnership, the venture capital firm co-founded by Nandan Nilekani, has launched a new investment platform called F2A (Fundamentum Frontier Advisors).

26 May 2026
Bharti Airtel

Priority postpaid service doesn't violate net neutrality, says Bharti Airtel

Bharti Airtel has defended its new "Priority Postpaid" service before a Department of Telecommunications (DoT) panel.

26 May 2026
Air India

Air India Express now lets you redeem Maharaja Club points

Air India has expanded its Maharaja Club loyalty program to include Air India Express flights.

26 May 2026
Reserve Bank Of India (RBI)

RBI's dollar-rupee swap auction subscribed nearly twice over

The Reserve Bank of India (RBI) has witnessed a massive response to its three-year dollar/rupee buy-sell swap.

India's telecom networks are now facing a diesel crisis

The Indian telecom industry is facing major disruptions due to unreliable grid power, diesel shortages, and rising fuel costs.

26 May 2026
Nifty

Sensex slips 600 points from day's high

India's benchmark indices, the Sensex and Nifty, witnessed a decline on Tuesday.

26 May 2026
Samsung Electronics

Samsung employees are fighting over huge AI chip bonuses

A union representing non-semiconductor workers at Samsung Electronics has filed an injunction with a South Korean court.

26 May 2026
Reserve Bank Of India (RBI)

MobiKwik's shares soar 8% as RBI grants payment aggregator license

Shares of MobiKwik surged by as much as 8% on Tuesday after the Reserve Bank of India (RBI) granted the company in-principle approval to operate as a Payment Aggregator - Physical (PA-P).

26 May 2026
Air India

Inside the high-stakes boardroom talks at Tata Sons

The board of Tata Sons is holding a crucial meeting today, with major implications for the future of several key group companies.

26 May 2026
Wipro

Wipro shares see 9-day rally: Here we decode why

Wipro's share price continued its upward trend today, marking the ninth consecutive session of gains.

Why water purifier maker Kent RO postponed its IPO

Kent RO Systems, a leading Indian water purifier manufacturer, has decided to postpone its initial public offering (IPO).

26 May 2026
Australia

World's largest miner is not worried about climate change anymore

BHP, the world's largest miner and one of Australia's biggest historical emitters, has put its climate action plans on hold.

26 May 2026
India

Are silver bars and coins sold in India genuine?

The Indian silver market is witnessing a major crisis as counterfeiters are flooding the market with impure silver bars and coins.

26 May 2026
India

Why India's trucking industry is staring at a crisis

India's transport sector is facing a major operational crisis due to falling freight rates, rising diesel prices, and fuel supply disruptions. The situation is affecting truckers across the country.

26 May 2026
Gujarat

Adani launches one of world's largest battery storage system

Adani Green Energy has inaugurated a massive 3.37 gigawatt-hour (GWh) Battery Energy Storage System (BESS) in Khavda, Gujarat.

26 May 2026
Gurugram

One restaurant, 5 names? Swiggy listings spark controversy

An investigation by Entrackr has raised concerns over Swiggy's verification systems, review integrity, and advertising fairness.

26 May 2026
Layoff News

Website builder Wix to lay off 20% workforce

Wix, the popular website building platform, is gearing up for a major restructuring.