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Sridhar Vembu calls Elon Musk's universal income dystopian, rejects it
Elon Musk's proposal for a universal income to counter AI-driven job losses has been challenged by Sridhar Vembu, who labels it a 'dystopian view'.
Indian stocks rise amid easing tensions and cheaper oil
Indian markets saw a second week of gains, bolstered by easing geopolitical tensions and softer crude oil prices. However, the Indian rupee weakened against the US dollar.
Amazon returns to China, opens Shenzhen hub to help exporters
Seven years after exiting the Chinese market, Amazon is making a comeback, this time focusing on logistics to support local businesses selling globally.
JPMorgan Chase testing Anthropic's Mythos to spot software vulnerabilities
As JPMorgan Chase tests Anthropic's AI tool Mythos, CEO Jamie Dimon concedes that artificial intelligence has exacerbated cybersecurity threats.
OpenAI loses executives Kevin Weil and Bill Peebles amid restructuring
Kevin Weil, former chief product officer of OpenAI, and Bill Peebles, head of the Sora AI video team, have announced their departures from the company.
OpenAI loses 3 top executives including CTO Srinivas Narayanan
OpenAI's Chief Technology Officer for B2B applications, Srinivas Narayanan, has resigned amid a series of executive departures from the artificial intelligence startup.
Iran declares Strait-of-Hormuz open during 10-day Israel-Hezbollah ceasefire oil slips
Oil and European natural gas prices have significantly dropped following Iran's announcement of the Strait of Hormuz reopening, signaling a potential end to the Gulf war.
Bombay High Court orders platforms to remove fake NSE accounts
The Bombay High Court has instructed social media platforms and domain registrars to eliminate counterfeit accounts and websites impersonating the National Stock Exchange (NSE).
TCS CEO denies Nashik closure as allegations are looked into
TCS CEO K Krithivasan has publicly addressed allegations of religious conversion and sexual harassment at the company's Nashik unit, denying rumors of its closure.
Cerebras Systems files for US IPO after 2025 pause
AI chipmaker Cerebras Systems has disclosed its filing for a US initial public offering, marking its second attempt to list after withdrawing a previous IPO.
US extends waiver for Russian oil despite Treasury official Bessent
The Trump administration has extended a waiver allowing certain sales of Russian oil, aiming to stabilize volatile global energy markets amidst geopolitical tensions.
TCS and Wipro revenue dip in FY26 despite bigger contracts
Indian IT giants like TCS and Wipro are lowering service costs due to competition from AI, leading to a decline in annual revenue, according to analysts.
Jewelers offer lightweight designs and price locks for Akshaya Tritiya
Amid fluctuating gold prices, Indian consumers are shifting towards lightweight, affordable jewellery designs for the auspicious occasion of Akshaya Tritiya.
India clears 17 banks to import bullion under 3-year licenses
The Indian government has authorised 17 banks, including State Bank of India and HDFC Bank, to import gold and silver bullion for the next three years.
Bitcoin jumps to $78,000 as Middle East tensions ease
Bitcoin reached its highest level since early February, fueled by optimism over potential resolution of the Middle East conflict. Other digital assets also saw significant gains.
OpenAI loses Kevin Weil and Bill Peebles amid enterprise pivot
Kevin Weil and Bill Peebles, key figures behind OpenAI's ambitious projects, have announced their departures as the company focuses more on enterprise AI.
Loonie hits month high after Iran reopens Strait of Hormuz
The Canadian dollar hit a one-month high against the U.S. dollar as Iran declared the Strait of Hormuz open, boosting global investor sentiment.
Government mulls raising EPFO salary cap to ₹25,000 or ₹30,000
The Indian government is contemplating a significant increase in the provident fund wage ceiling to prevent workers' exclusion from social security due to rising wages.
Cursor, MIT-founded AI startup nears $2B raise, could hit $50B
AI coding startup, Cursor, is reportedly in discussions to secure over $2 billion in fresh capital, potentially doubling its previous valuation to $50 billion.
US gasoline prices could fall below $4 per gallon
Following a decrease in crude oil prices, gasoline could potentially drop below $4 per gallon in the coming days, according to industry experts.
Supreme Court to hear Genpact Consulting Singapore 2014-2015 tax dispute
The Income Tax Department is challenging a Delhi High Court decision in the Supreme Court regarding Genpact Consulting Singapore's 2014-15 tax assessment.
Citius Transnet Investment Trust IPO draws 69% subscription 1st day
Citius Transnet Investment Trust's initial public offering (IPO) was subscribed 69% on its first day of bidding, receiving bids for over 4.23 crore units.
Centre allows 15 banks to import gold, silver till 2029
The central government has authorized 15 major banks, including the State Bank of India (SBI), Axis Bank, HDFC Bank and the Bank of India (BoI), to import gold and silver.
Flipkart to enter movie, concert ticketing market
Walmart-owned e-commerce giant Flipkart is gearing up to enter India's growing movie and concert ticketing market.
BSE m-cap rebounds to $5T, reversing war-led losses
The total market capitalization of all companies listed on the Bombay Stock Exchange (BSE) has rebounded to the $5 trillion mark.
Why RBI's dual compliance mandate is worrying start-ups
The Reserve Bank of India (RBI) has mandated fintech and payment companies to comply with the Digital Personal Data Protection Act (DPDP), in addition to its own guidelines.
India announces ₹12,500cr plan to build 2,500km LPG pipeline network
The Petroleum and Natural Gas Regulatory Board (PNGRB) has announced a massive investment of ₹12,500 crore for the development of Liquefied Petroleum Gas (LPG) pipeline infrastructure.
India's smartphone market just hit a 6-year low: Here's why
India's smartphone market has witnessed its weakest quarter in six years, with a 3% year-on-year decline in shipments during Q1 2026.
TCS ends layoffs, resumes annual salary increment cycle
Tata Consultancy Services (TCS) has announced the end of its layoff cycle and the resumption of its regular annual salary increment cycle.
SpiceJet-Akasa Air collision: Indian aviation regulator probes incident, crews grounded
The Directorate General of Civil Aviation (DGCA) has launched an investigation into a collision between an Akasa Air and a SpiceJet aircraft at Delhi's Indira Gandhi International Airport.
Gautam Adani overtakes Mukesh Ambani as Asia's richest person
Gautam Adani has surpassed Mukesh Ambani to become Asia's richest person, according to the latest data from the Bloomberg Billionaires Index.
Why Indian banks have stopped gold, silver imports
Indian banks have temporarily halted gold and silver import orders from overseas suppliers.
India's digital ad market may double to $22B by 2030
India's digital advertising market is set to witness a massive growth in the next five years.
Spotify wins $322M piracy case but pirates remain untraceable
Spotify and three major record labels have won a default judgment of $322 million against Anna's Archive, an open-source library and pirate activist group.
OpenAI signs $20B deal with chip start-up Cerebras
OpenAI has signed a major deal with chip start-up Cerebras, The Information reported.
Gold prices steady as Trump expresses optimism on US-Iran peace
Gold prices were steady on Friday, after President Donald Trump expressed optimism over a permanent ceasefire between the US and Iran.
India to continue Russian oil imports despite US waiver expiry
India is likely to continue its import of crude oil and cooking gas (LPG) from Russia even after the US's one-month sanctions waiver on such imports expires.
Netflix chairman Reed Hastings to step down from board
Reed Hastings, the co-founder and chairman of Netflix, will be leaving the company's board at the end of his term this summer.
Does PPF have a higher lock-in period than FD?
Public Provident Fund (PPF) and Fixed Deposits (FDs) are two of the most popular investment options in India.
If you're self-employed, this is for you
Managing self-employment loans can be a daunting task, especially when it comes to budgeting.
NBFC loans: What they are actually
Non-banking financial companies (NBFCs) have become an integral part of the Indian financial landscape, providing a wide range of loan products.
Wipro's Q4 profit falls but ₹15,000cr buyback signals confidence
Wipro, a leading player in the IT services sector, has announced its financial results for the March-ended quarter.
India slips to 6th-largest economy in 2025
India has slipped to the sixth-largest economy in the world in 2025, according to the latest International Monetary Fund (IMF) data.
Tech, media layoffs surge as companies chase AI-driven restructuring
The past two weeks have witnessed a fresh wave of layoffs in the tech and media industry.
India's unemployment rate rises to 5.1% in March
India's unemployment rate has increased to 5.1% in March, up from 4.9% in February, government data shows. The rise is mainly attributed to a surge in urban joblessness.
Tax treatment of employer-provided meals revised: What it means
In a major development, the Central Board of Direct Taxes (CBDT) has revised the tax treatment of meal card benefits under new income tax rules.
No relief for Anil Ambani as SC upholds 'fraud' tag
The Supreme Court of India has rejected a plea by Anil Ambani, challenging the classification of his loan accounts as "fraud" by a consortium of banks.
Tim Cook increases Nike stake with fresh $1M investment
Apple CEO Tim Cook, who also serves on Nike's board, has bought $1 million worth of the shoemaker's stock. The move is seen as a vote of confidence in the company.
Shoe brand pivots to AI, stock soars 600%
Allbirds, the sustainable footwear brand known for its popular Wool Runners, has announced a major shift in its business model.
Sam Altman challenges his sister's lawsuit claims
Sam Altman, the co-founder and CEO of OpenAI, has filed a counter-defamation lawsuit against his sister Annie.
Ticketmaster ruled illegal monopoly in major antitrust verdict
A Manhattan jury has declared Live Nation-Ticketmaster an illegal monopoly, Bloomberg reported.
Google set for $100B gain from SpaceX IPO
Google is poised to rake in a massive windfall of over $100 billion from its early investment in Elon Musk's SpaceX.
India's LPG crisis may take 4 years to ease: Report
India's Liquefied Petroleum Gas (LPG) supply chain disruption could take three to four years to normalize, according to a Moneycontrol report citing a senior government official.
Gold, silver prices jump on geopolitical tensions and currency fluctuations
Gold and silver prices witnessed a jump in Thursday's trade, owing to geopolitical uncertainties, currency fluctuations, and a general risk-on sentiment in global equities.
Flipkart eyes $2.5B pre-IPO funding round
Flipkart, the leading Indian e-commerce platform owned by Walmart, is looking to raise between $2 billion and $2.5 billion in a pre-IPO funding round, according to Moneycontrol.
TCS shuts Nashik office amid probe into harassment, conversion allegations
Tata Consultancy Services (TCS) has shut operations at its Nashik office, halted fresh hiring, and asked employees to work from home.
China's economy grows 5% in Q1, surpassing expectations
China's economy expanded by 5% year-on-year in the first quarter of 2026, beating expectations amid the ongoing US-Israel war with Iran.
Ford's EV and tech chief exits company
Doug Field, the executive who has been instrumental in shaping Ford's electric vehicle (EV) and technology strategies for the past five years, is leaving the company.
BBC to cut 2,000 jobs in major cost-saving effort
The British Broadcasting Corporation (BBC) has announced plans to cut up to 2,000 jobs as part of a major cost-saving effort.
Oil prices drop below $95 as US-Iran tensions ease
Oil prices fell on Thursday, amid hopes of a potential easing of US-Iran tensions and ongoing concerns over supply disruptions.
Foreign bonds: All about this investment option
Investing in foreign bonds can be an attractive option for Indian investors looking to diversify their portfolios and hedge against currency fluctuations.
PPF v/s FD: Which allows partial withdrawals?
Public Provident Fund (PPF) and Fixed Deposits (FD) are two popular investment options in India.
IT industry mulls reforms after TCS sexual harassment case
The recent incident at Tata Consultancy Services (TCS) has raised questions about the effectiveness of workplace harassment protocols in the IT industry.
Trump threatens to revise UK trade deal amid Iran tensions
US President Donald Trump has hinted that the trade deal between America and the UK could be modified.
India's unemployment rate surges to 5.1% in March
India's unemployment rate has hit a five-month high of 5.1% in March, up from 4.9% in February, according to the Periodic Labor Force Survey (PLFS).
Akshaya Tritiya 2026: Amazon, BharatPe, JioFinance launch digital gold offers
Ahead of Akshaya Tritiya, a major festival for gold purchases in India, various financial platforms and jewelry retailers have announced lucrative offers.
Sensex, Nifty rally 8.5% in April: Hold or book profit?
Indian stock markets have witnessed a major recovery in April, with the BSE Sensex and Nifty 50 both surging by 8.5% each.
Google hit with fresh monopoly lawsuit from app store rival
Aptoide, a Portugal-based Android app store, has filed an antitrust lawsuit against Google.
India's trade deficit in March shrinks to $20.98B
India's merchandise trade deficit narrowed to $20.98 billion in March, according to Reuters calculations based on government data.
Air New Zealand will let you sleep in bunk beds
Air New Zealand is set to revolutionize long-haul travel with its new Economy Skynest sleeping pods.
Air India seeks funds from shareholders after ₹22,000cr loss
Air India has reported a massive annual loss of over ₹22,000 crore ($2.4 billion).
Richest Australian Gina Rinehart ordered to share mining fortunes
Gina Rinehart, Australia's wealthiest person with an estimated net worth of A$38 billion ($27 billion), has been ordered by a court to share some of her riches.
You can soon buy insurance from Muthoot Finance
Muthoot Finance, a leading player in the financial services sector, is planning to expand its business operations by venturing into the insurance distribution space.
Snap might lay off 20% of its workforce
Snap Inc, the parent company of Snapchat, is gearing up for major layoffs, according to tech reporter Alex Heath.
Your Lufthansa flight tomorrow might get canceled
Lufthansa passengers may face disruptions this week as the airline's pilots have announced another two-day strike in Germany.