Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Pranjali Awasthi, about 20 (in her early 20s) as of June 2026, launched Delv. AI at 16 valued near 100cr
Pranjali Awasthi, an Indian-origin entrepreneur, founded Delv.AI at 16. Her AI startup, now valued at nearly Rs 100 crore, began with her coding journey at age 7.
NVIDIA to ship Vera CPUs to China amid H200 curbs
Nvidia has started promoting its Vera CPUs to Chinese clients, aiming to revive its market presence amid U.S. export controls and competition from Intel and AMD, sources revealed.
Satya Nadella: Xbox games generate more YouTube revenue, wants changes
Microsoft CEO Satya Nadella revealed that YouTube earns more from Xbox games than Microsoft, signaling a need for a strategic shift after 25 years of subsidizing the division.
Policybazaar: home loan insurance adoption nearly sevenfold in India
Home loan insurance adoption has skyrocketed sevenfold in five months, driven by rising borrower awareness and increasing home loan sizes with longer repayment tenures.
Indian staffing firms go global amid rising skilled professional demand
Indian staffing companies are leveraging global talent shortages to diversify revenues, focusing on high-demand sectors and international markets.
Meta ends $2B Manus acquisition after Beijing national security mandate
Meta has begun dismantling its $2 billion acquisition of Manus following Beijing's divestiture order, halting data sharing and cutting the AI startup off from internal systems.
India's top firms hold cash reserves of over $200B
India's leading corporations are sitting on a massive cash reserve of ₹18.7 lakh crore (over $200 billion) for fiscal 2026, a 12% increase from last year.
SpaceX IPO: Japanese investors sought over $6B worth of shares
Japanese investors expressed a strong interest in SpaceX's record-breaking initial public offering (IPO), seeking over ¥1 trillion ($6.2 billion) worth of shares.
How Musk's SpaceX created over 4,400 millionaires overnight
SpaceX's historic initial public offering (IPO) has made not just Elon Musk the world's first trillionaire but also created thousands of new millionaires almost overnight.
Palantir has faced a legal setback in Switzerland
Palantir, a leading US technology company, has lost a legal battle against a Swiss independent magazine.
India's FTAs can help reach $1T export target by 2030
India's recent free trade agreements (FTAs) have the potential to drive manufacturing growth, revive private capital expenditure (capex), and integrate supply chains, a report by Yes Securities has said.
SEBI to simplify KYC norms for foreign investors
The Securities and Exchange Board of India (SEBI) is planning to make Know Your Customer (KYC) norms simpler for foreign portfolio investors (FPIs).
Emirates to show FIFA World Cup matches on flights
Emirates Airlines has announced that it will show all the matches of the FIFA World Cup live on its flights.
Mark Zuckerberg admits missteps in Meta's AI workforce overhaul
Meta CEO Mark Zuckerberg has acknowledged errors in the company's artificial intelligence (AI) workforce transformation.
US DOJ approves Paramount's $111B acquisition of Warner Bros
The US Department of Justice (DOJ) has approved Paramount Skydance's $111 billion acquisition of Warner Bros. Discovery.
Microsoft considers spinning off Xbox gaming division
Microsoft is considering a major overhaul of its Xbox gaming division, including the possibility of spinning it off or restructuring it as a wholly owned subsidiary.
8th Pay Commission: Vehicle, festival, and natural disaster advances proposed
The Staff Side of the National Council (JCM) has proposed a set of new advances in salary for central government employees.
IPO-bound Razorpay set to file confidential draft papers next week
Razorpay, a leading fintech company based in Bengaluru, is reportedly gearing up for its Initial Public Offering (IPO).
SpaceX shares jump 19% on debut after record $75B IPO
Elon Musk's aerospace company, SpaceX, has made history with its record-breaking $75 billion initial public offering (IPO).
EU moves to tighten carbon emissions fee on imports
The European Union (EU) has decided to make it more difficult to suspend its carbon emissions fee on imports.
Beyond Elon Musk: Who else gained from the SpaceX IPO?
SpaceX's debut on the stock market has triggered a major wealth creation event in American business history.
Meta's AI team on the brink of a revolt
Meta's Applied AI team, a group of some 6,500 engineers and product managers, is reportedly on the brink of a revolt, according to WIRED.
Google will appeal a German court ruling on AI overviews
Google has announced its decision to appeal a German court ruling that held the tech giant legally responsible for false claims generated by its AI Overviews.
UN adopts historic convention to protect gig economy workers
The United Nations' International Labour Organization (ILO) has adopted a historic convention to protect gig economy workers.
Does Nestle's MAGGI noodles have an infestation issue?
Nestle India has refuted allegations of infestation in its popular MAGGI noodles.
SpaceX president hints at possible merger with Tesla
SpaceX President and COO Gwynne Shotwell has hinted at the possibility of a merger with Tesla.
Robinhood sees record traffic after SpaceX's historic market debut
Robinhood, the popular trading platform, has reported "record-breaking" traffic on its services on Friday, June 12, 2026.
India can repay 94% foreign debt in a day: Fadnavis
Maharashtra Chief Minister Devendra Fadnavis has dismissed fears of an economic slowdown in India.
AI start-up Mistral wants to raise $3.5B at $23.15B valuation
French artificial intelligence (AI) start-up Mistral is said to be in early-stage talks to raise around €3 billion ($3.5 billion).
Musk is now worth more than next 4 billionaires combined
Elon Musk's net worth has crossed the $1 trillion mark for the first time, thanks to SpaceX's successful stock market debut.
Musk is now a trillionaire: What can $1 trillion buy?
Elon Musk, the man behind SpaceX, has become the world's first trillionaire.
Musk becomes world's 1st trillionaire
SpaceX stock surged over 22% at the opening bell of its historic public debut to trade at $165 as of this writing.
Japanese investors pour $2.2B into SpaceX IPO
SpaceX, the aerospace giant led by Elon Musk, has raised a whopping $2.2 billion from Japanese investors as part of its historic global initial public offering (IPO).
Google, Meta invest $300M to train workers for AI boom
In a major development, tech giants Google and Meta have announced massive investments in skilled trades training.
India's retail inflation rises to 3.93%, highest in 5 months
India's retail inflation has jumped to 3.93% in May, up from 3.48% in April.
Cognizant to exit NASDAQ-100 after 20 years
Cognizant, a leading IT services provider, is set to be removed from the NASDAQ-100 Index.
Spinny plans $300 million IPO
Indian used-car platform Spinny is gearing up for an initial public offering (IPO) to raise between $250 million and $300 million.
India may widen fiscal deficit as US-Iran war strains finances
India is likely to allow a larger budget deficit this year, according to Bloomberg.
Trade ties key to India's $30 trillion goal: Piyush Goyal
Piyush Goyal, Union Minister of Commerce and Industry, has said that India must strengthen its international trade relations to achieve the ambitious goal of becoming a $30 trillion economy by 2047.
Sensex closes 1,700 points higher: What drove today's rally?
The Indian stock market witnessed a massive surge on Friday, with the Sensex and Nifty gaining 2% each.
Centre waives customs duties on nuclear power equipment imports
The Indian government has announced a retrospective waiver of customs duties on certain nuclear power generation equipment imported between April 1, 2019 and January 31, 2026.
India's AI data center market may hit $280B by 2035
India's data center industry is set for unprecedented growth, with the artificial intelligence (AI) boom projected to create a $280-billion ecosystem opportunity by 2035.
Oil prices hit 2-month low on hopes of US-Iran deal
Oil prices have plummeted to a two-month low, following US President Donald Trump's announcement of a potential peace deal with Iran.
US wholesale inflation hits 6.5%, highest since 2022
US wholesale inflation has surged to its highest level since November 2022, mainly due to rising energy costs amid the ongoing Iran war.
India to remain fastest-growing major economy in FY27: World Bank
India is set to remain the world's fastest-growing major economy, with a growth rate of 6.6% in the fiscal year 2026-27, a sharp decline from last year's 7.7%, according to a World Bank report.
India hikes cancer drug prices by 50% amid shortages
India's National Pharmaceutical Pricing Authority (NPPA) has approved a 50% price hike for two critical anti-cancer drugs - carboplatin and cisplatin.
Jeff Bezos's AI start-up raises $12B at $41B valuation
Prometheus, a physical artificial intelligence (AI) start-up co-founded by Jeff Bezos and Vik Bajaj, has raised $12 billion in its second funding round.
Musk set to become world's 1st trillionaire after SpaceX IPO
Elon Musk, the tech mogul behind Tesla and SpaceX, is on the verge of becoming the world's first trillionaire.
Sensex gains nearly 1,000 points amid US-Iran peace hopes
India's benchmark indices witnessed a major surge in early trade on Friday. The BSE Sensex soared by nearly 1,000 points while the NSE Nifty 50 breached the 23,450 mark.
ECB raises interest rates for first time since 2023
The European Central Bank (ECB) has raised its benchmark interest rate by a quarter point to 2.25%.
South Korea's Kospi index surges 8% on US-Iran peace hopes
South Korea's benchmark Kospi Index has witnessed a massive surge of 8% in early trading today.
Gold, silver prices jump up to 4%
Gold and silver prices surged on Friday, driven by persistent inflation and ongoing global tensions.
SpaceX raises record $75B in world's biggest IPO
SpaceX, Elon Musk's space and AI conglomerate, has officially priced its shares at $135 each.
US becomes India's top LNG and LPG supplier
The United States has overtaken Gulf countries to become India's top supplier of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) in May.
India, Nepal launch UPI-based cross-border remittance system
India and Nepal have launched a new cross-border remittance system, the Unified Payments Interface (UPI)-National Payments Interface (NPI).
Gold prices at 6-month low: Good time to buy?
Gold prices have plunged to a six-month low as high oil prices fuel inflation concerns and strengthen expectations of prolonged high interest rates in the US.
Airtel, Vi launch services on Mumbai Metro after months-long dispute
Telecom giants Bharti Airtel and Vodafone Idea (Vi) have launched their mobile network services on the underground sections of Mumbai Metro's Aqua Line.
Wipro's buyback offers 37% premium, but there's a catch
Wipro has launched its ₹15,000 crore share buyback program today.
Reliance, Adani join India's push to cut China rare-earth dependence
Reliance Industries, Vedanta and Adani Group are among 10 companies interested in setting up rare-earth processing plants in Andhra Pradesh, according to Reuters.
Mamaearth parent hits 52-week high, stock jumps 77%
Honasa Consumer, the parent company of popular personal care brand Mamaearth, has seen its shares hit a new 52-week high of ₹438 per share.
Anti-NVIDIA data center start-up reaches $1.5B valuation
In a major development, TensorWave, an AI-focused cloud computing start-up, has raised $350 million in its Series B funding round.
Rajesh Exports shares hit lower circuit for 6th straight session
Rajesh Exports, one of India's leading gold refiners, has seen its share price plummet by nearly 27% since the Securities and Exchange Board of India (SEBI) issued an interim order on June 3.
NCLT accepts SBI's plea to initiate Anil Ambani's personal bankruptcy
The National Company Law Tribunal (NCLT) in Mumbai has accepted a plea from the State Bank of India (SBI) to initiate personal insolvency proceedings against industrialist Anil Ambani.
TCS rethinks small-town office expansion after Nashik harassment case
Tata Consultancy Services (TCS) is rethinking its strategy to open offices in smaller towns and cities.
Jon Prosser may get another chance to fight Apple's lawsuit
Apple and Jon Prosser's attorney have jointly requested the court to vacate a default judgment entered against him last October.
Ubisoft shuts more studios, lays off employees amid ongoing restructuring
Ubisoft, the renowned video game publisher, is undergoing another round of restructuring and layoffs. The company has decided to shut down its studios in Winnipeg and Belgrade, according to The Game Business.
India's 6G push centers on homegrown tech, patent creation
The Indian government is gearing up to start talks on a roadmap for the country's transition to sixth-generation (6G) mobile communications.
Nifty IT crashes over 2%; HCL, Infosys lead fall
The Nifty IT index, a key indicator of India's information technology sector, has witnessed a major crash today.
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.
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.
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.
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.