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Rupee opens at ₹94.68 Wednesday as oil prices ease
The Indian rupee opened slightly weaker at 94.68 per US dollar but has rebounded recently, supported by falling crude oil prices and measures to stabilize currency volatility.
Asia manufacturing rebounds in June 2026 on AI chips demand
Asia's manufacturing sector surged in June, fueled by strong demand for AI-related tech goods, mitigating challenges from the Iran conflict and supply disruptions.
India's 10-year bond yield steady at 6.76%, traders remain cautious
The benchmark 10-year bond yield opened steady at 6.7598% as traders awaited fresh cues, following June's steepest monthly fall since July 2019 amid strong investor sentiment.
Foreign investors drive record ₹41,800cr into Indian government bonds
Foreign investors poured $4.4 billion into Indian bonds in June, driven by tax cuts and new bond additions under the fully accessible route, boosting market confidence.
Fitch Ratings warns AI, digital infrastructure could weaken global credit
Fitch Ratings warns that while AI enhances efficiency, it poses significant risks to jobs and tax revenues in developed nations, potentially impacting global credit stability.
Indian rupee opens lower at ₹94.68, gains 0.2% in April-June
The rupee slipped 2 paise to Rs 94.68 per dollar as a robust US dollar and increased importer buying pressured the currency, despite its recent quarterly appreciation of 0.2%.
Bitcoin falls to $57,742, down more than 50% since October
Bitcoin plunged 1.5% to $57,742, its lowest since September 2024, as hawkish Federal Reserve policies and concerns over major corporate buyers dampened investor sentiment.
Brookfield doubles down on India renewables as AI grows
Brookfield Asset Management sees India's growing AI adoption driving massive demand for data centres and renewable energy, leveraging its $32 billion investments in the country.
Microsoft set to cut about 5,500 jobs for AI cloud
Microsoft is reportedly preparing to cut 5,500 jobs globally next week, with significant reductions expected in divisions like sales, consulting, and the Xbox gaming unit.
India's Nayara Energy cuts fuel prices, gasoline ₹5 diesel ₹3
India’s largest private fuel retailer, Nayara Energy, has reduced petrol prices by ₹5 per litre and diesel by ₹3 nationwide, following a decline in global oil prices.
IRDAI to tag sellers on insurance policies under 2025 Act
IRDAI proposes tagging insurance policies to individual sellers, aiming to enhance accountability and transparency in addressing mis-selling complaints and protecting consumers.
Bus crash on Delhi-Mumbai Expressway kills 7, injures 22
Seven people died and 22 were injured after a speeding bus crashed and caught fire on the Delhi-Mumbai Expressway early Wednesday, prompting rescue efforts and investigations.
CleanMax data center and AI capacity nearly tenfold to 2.38GW
CleanMax reported a ten-fold growth in its data centre and AI segment over two years, now contributing 42% of its order book with capacity rising to 2.38 GW.
Wayve rolls out $85 million employee tender offer at $8.5B valuation
Wayve, valued at $8.5 billion, is offering employees a chance to sell vested equity through an $85 million tender led by existing and new investors.
Knack Packaging opens IPO, seeking ₹439.5cr, subscription ends July 3
Knack Packaging's Rs 439.5 crore IPO opens for subscription, featuring a price band of Rs 161-170 per share and a strong 15% grey market premium.
Government cuts 19-kg commercial LPG to ₹2,930 in Delhi
The government has slashed the price of 19-kg commercial LPG cylinders by ₹183.50, bringing Delhi's rate to ₹2,930, while domestic cylinder prices remain unchanged.
Lime goes public in US, raises $174 million at $1.6B valuation
Lime, supported by Uber, raised $174 million in its US IPO, pricing shares at $25 each and achieving a market valuation of $1.6 billion.
Sanae Takaichi sets ¥1,100 trillion Japan economy target by 2040
Japanese Prime Minister Sanae Takaichi unveiled ambitious plans to boost GDP to ¥1,100 trillion ($6.8 trillion) by 2040, driven by AI and chip investments totaling ¥101.6 trillion.
Etched raises $800 million in Jane Street-led round, plans summer shipment
AI chip startup Etched has raised $800 million, with major investments from Jane Street and a TSMC-linked firm, aiming to challenge Nvidia in the AI hardware market.
Tax audits for intraday and F&O speculative income AY 2026-27
Stock market traders must conduct a tax audit for AY 2026-27 if their turnover exceeds Rs 1 crore or Rs 10 crore, depending on cash transaction thresholds.
South Korea posts $102.25B June export record driven by semiconductors
South Korea's exports surged 70.9% in June, the fastest annual growth since 1978, driven by record semiconductor shipments and booming global demand for AI-related technology.
Microsoft preparing to lay off under 2.5% of workforce
Microsoft plans to reduce its workforce by under 2.5%, impacting thousands of roles, including sales, consulting, and Xbox division jobs, as part of cost-cutting measures.
Oil rises after Iran refuses US meeting in Qatar
Oil prices rose as Iran's refusal to meet U.S. envoys strained the fragile ceasefire, while declining U.S. crude and gasoline inventories added further support to the market.
India ships 1st commercial semiconductor chips from Sanand to Malaysia
CG Semi's Sanand facility achieved a milestone by dispatching its first commercial shipment of assembled chips to Kuala Lumpur on June 19, supporting JV partner Renesas' clients.
Since January 2026 tech layoffs top 120,000 amid AI adoption
Over 120,000 tech employees were laid off in 2026 as companies like Meta and Amazon embraced AI-driven productivity, replacing roles with intelligent systems.
Oyo parent Oravel Stays Ltd files ₹6,650 cr IPO
Oravel Stays Ltd plans to allocate ₹4,987 crore from its ₹6,650 crore IPO towards repaying or prepaying outstanding borrowings, reducing annual borrowing costs by 25%.
SEBI proposes AIF rule overhaul for transparency and fairness
Sebi has proposed a uniform 75% investor approval threshold for key decisions in alternative investment funds, aiming to address conflicts and streamline consent methodologies.
Voltas sells 10L ACs in 81 days with Chennai plant
Voltas achieved a milestone by selling 1 million air conditioning units in just 81 days, driven by soaring demand as India experienced intense heatwaves.
World Bank to stop lending to China by 2031
The World Bank will cease lending to China by 2031, reflecting the nation's economic growth and reduced poverty, as outlined in its new country partnership framework.
Tata Sons votes August 18 on N Chandrasekaran chairmanship
Tata Sons chairman N Chandrasekaran's directorship renewal will be decided at the August 18 AGM, amid stakeholder tensions and legal restrictions affecting voting dynamics.
Nasdaq posts best quarterly gain in 6 years, up 21.4%
The Nasdaq soared 21.4% through June, marking its best quarter in six years, driven by optimism around artificial intelligence and easing oil prices boosting US market sentiment.
FTC fines Amazon $2.25 million for withholding identity theft records
Amazon has been fined $2.25 million by the FTC for violating the Fair Credit Reporting Act by failing to assist identity theft victims with fraudulent account records.
US stocks end June strong as Nasdaq jumps 21%
The S&P 500 and Nasdaq achieved their best quarterly gains since 2020, driven by optimism over economic growth and AI advancements, despite ongoing tensions from the Iran conflict.
FICCI survey finds India's manufacturing lost momentum in Q1 FY27
India's manufacturing sector grew at a slower pace in Q1FY27, with 77% of firms reporting stable or higher production, down from 93% in the previous quarter, FICCI reported.
India's RBI allows banks to finance takeovers up to 75%
India's RBI introduces a transformative acquisition finance framework, integrating regulated banks into M&A funding, previously dominated by private credit and offshore lenders.
War in Iran spikes oil prices and worsens Indian inflation
The Iran war in 2026 triggered soaring oil prices, a weakening rupee, and massive foreign investor withdrawals, destabilizing India's economy and financial markets.
West Bengal BJP to revive Calcutta Stock Exchange in 2026-27
The BJP government in West Bengal has announced plans to revive the 118-year-old Calcutta Stock Exchange, aiming to restore Kolkata's status as a financial hub.
EY fires employee for accessing Australian PM's bank account
An employee of Ernst & Young (EY), one of the Big Four accounting firms, has been fired after allegedly accessing Australian Prime Minister Anthony Albanese's personal banking information.
India Semiconductor Mission 2.0 secures funding worth ₹1.25 lakh crore
The Expenditure Finance Committee (EFC) has approved an allocation of ₹1.25 lakh crore for the second phase of the India Semiconductor Mission (ISM 2.0).
ITR filing deadlines for AY 2026-27 revised: Check new dates
The Income Tax Department has revised the due dates for filing Income Tax Returns (ITRs) for the assessment year (AY) 2026-27.
You can now pay via UPI in Greece
India's unified payments interface (UPI) has officially launched in Greece, expanding its global footprint.
Air India won't charge you for handling sports equipment anymore
In a major relief for athletes, Air India has announced the waiver of handling charges for sports equipment across all sectors.
NBCUniversal might start making video games
NBCUniversal is looking to expand into digital gaming and new entertainment franchises, following its planned separation from Comcast, Reuters has reported.
OYO parent Prism has filed new papers for ₹6,650cr IPO
Prism, the parent company of hospitality giant OYO, has filed updated draft papers with the Securities and Exchange Board of India (SEBI) for a ₹6,650 crore initial public offering (IPO).
Why Amazon has been sued in Australia
The Australian Competition and Consumer Commission (ACCC) has sued Amazon Australia, claiming that the company's Prime subscription contracts had unfair terms.
Why Warren Buffett is pausing annual donation to Gates Foundation
Warren Buffett, the billionaire investor and Chairman of Berkshire Hathaway, has decided to halt his annual donation to the Gates Foundation, as per the Wall Street Journal.
Diesel, petrol can be sold to commercial buyers from July
India will lift the restrictions on petrol and diesel sales for commercial buyers from July 1.
Why Versace, Jimmy Choo are hiring secret investigators in India
As India's luxury market continues to grow, global brands like Versace, Michael Kors, and Jimmy Choo are taking extra measures to protect their intellectual property.
India's industrial production grows by 5.1% in May
India's industrial production grew by a healthy 5.1% in May, according to the latest data from the Ministry of Statistics and Programme Implementation (MoSPI).
Comcast is splitting into 2 companies
In a major restructuring move, Comcast has announced plans to split into two publicly traded companies.
South Korea bets $576B on chips, AI to boost economy
South Korea has announced a massive industrial strategy focused on semiconductors and artificial intelligence (AI).
Apple accuses CCI of 'copy-pasting' rivals' claims in antitrust case
Apple has accused India's antitrust investigators of "copy-pasting" claims from its competitors and not conducting a thorough investigation, regulatory papers reviewed by Reuters reveal.
India, Seychelles sign major deal to boost bilateral ties
India and Seychelles have signed a major agreement to strengthen their bilateral ties.
Shares of Persistent Systems crash 10% today: What's the reason?
Persistent Systems' shares plummeted by 10% to ₹4,353.35 today, following the company's announcement of its planned acquisition of German digital engineering firm Nagarro SE.
Residential sales in India hit 3-year low: What's the reason?
India's residential real estate market has witnessed a major slump in the April-June quarter, with sales hitting their lowest level since January 2023.
Verizon and BT Group are merging their international businesses
British telecom giant BT Group and US mobile company Verizon have announced a merger of their international businesses.
Why $6.9T could be wiped out from world's GDP
The World Economic Forum (WEF) has warned that a full East-West economic decoupling could cost the global economy as much as $6.9 trillion in GDP.
EPFO portal upgrade enters final day, services to resume tomorrow
The Employees' Provident Fund Organisation (EPFO) has temporarily halted some online services related to Employees' Provident Fund (EPF) claims.
India urges EU to reconsider metal scrap export restrictions
India has requested the European Union to reconsider its proposed restrictions on metal scrap exports.
Hexaware shares up by 9% today: Here we decode why
Shares of Hexaware Technologies Ltd skyrocketed by up to 9% today to ₹539 apiece, after the company announced its partnership with Amazon.
Dunzo co-founder's new AI start-up automates your household tasks
Kabeer Biswas, the co-founder of Dunzo, has launched a new artificial intelligence (AI) start-up called M. The company aims to automate household tasks, starting with the kitchen.
Zerodha will soon offer investment banking services in India
Zerodha, India's leading discount broking platform, is gearing up to foray into the investment banking sector. The move marks a major expansion of its financial services portfolio.
Gold, silver prices seeing a decline today: What's the reason?
Gold and silver prices witnessed a decline on the Multi Commodity Exchange (MCX) today.
NPCI plans to integrate AI into UPI
The National Payments Corporation of India (NPCI) is considering the integration of artificial intelligence (AI) into its Unified Payments Interface (UPI).
Samsung, SK Hynix, Micron sued over alleged price-fixing of RAM
Samsung, SK Hynix, and Micron, the world's top three memory suppliers, have been sued for alleged price-fixing of RAM.
After CBSE tender row, student posts 1.6cr government contracts online
Class 12 student Sarthak Siddant has launched a public portal with around 1.66 crore procurement records from the Central Public Procurement (CPP) Portal of India.
HDFC Bank likely to name new chairman within 7-10 days
HDFC Bank is expected to finalize a new chairman within the next seven to 10 days, according to CNBC-TV18.
NoBroker now offers you home salon services in Bengaluru
Prop-tech platform NoBroker Technologies Solutions Pvt. Ltd has entered the home salon services market with its new offering, Zivora.
Could AI downturn lead to faster financial market crash?
The Bank for International Settlements (BIS), often referred to as the "bank of central banks," has warned that an artificial intelligence (AI) downturn could lead to a sharper and faster crash than traditional banking crises.
Did ex-HDFC Bank chairman not cooperate with external legal review?
Atanu Chakraborty, the former chairman of HDFC Bank, has denied the bank's claim that he did not cooperate with an external legal review after his resignation.
This infrastructure investment trust wants to raise ₹5,000cr via IPO
Cube Highways Trust, a leading infrastructure investment trust in India, has begun roadshows for its initial public offering (IPO).
These 11 IPOs will hit Indian market next week
The Indian stock market is gearing up for another busy week with 11 new initial public offerings (IPOs) set to hit the primary market.
Manufacturing medical devices in India is about to become easier
The Union Health Ministry has proposed changes to the Medical Devices Rules, 2017, with an aim to fast-track the process of granting manufacturing licenses for medical devices.
This unicorn is planning a $300M IPO at $2B valuation
Proptech unicorn Square Yards has begun preparations for an initial public offering (IPO) to raise between $200 million and $300 million.
Market cap of India's 6 top firms rises by ₹88,678cr
The Indian stock market witnessed a modest rise last week, with six of the top 10 companies gaining ₹88,678.1 crore in market capitalization.
Jewar to become North India's Silicon Valley: Ashwini Vaishnaw
The Indian government has taken a major step toward establishing Jewar as a key player in the global electronics and semiconductor manufacturing arena.
Amazon hikes price of key AI cloud service by 20%
Amazon has raised the prices of one of its key artificial intelligence (AI) cloud services by a whopping 20%.
India's crude oil import dependence crosses 90%, raising economic risks
India's dependence on imported crude oil has crossed the 90% mark, a trend that could make the economy more vulnerable to external shocks, according to a recent report by EY.
Bank holiday next week: Check when they will remain closed
Public and private sector banks in India will observe a single holiday next week, between June 29 and July 5.
Release unredacted Epstein documents or explain why: US judge
A US federal judge has ordered the Justice Department to either release unredacted versions of key documents related to convicted sex offender Jeffrey Epstein or explain why they can't be disclosed.
New rules introduced for taxpayers shifting business locations
The Central Board of Indirect Taxes and Customs (CBIC) has announced a new procedure for taxpayers shifting their principal place of business.
India needs 2,000GW of new power capacity in near future
India will need to add nearly 2,000 gigawatts (GW) of new power generation capacity in the next two decades to meet the rising energy demand and reduce dependence on imported fuels, said Sagar Adani, Executive Director of Adani Green Energy.
IRDAI plans new insurance distribution reforms to protect policyholders
The Insurance Regulatory and Development Authority of India (IRDAI) is gearing up to unveil a discussion paper on insurance distribution reforms.
Upcoming changes for taxpayers, bank customers, Aadhaar and passport holders
Several key financial changes will come into effect from July 1, 2026.
GameStop won't give up on buying eBay
GameStop has said it will continue with its proposed takeover of eBay, despite the latter's rejection of an unsolicited cash-and-stock offer worth some $56 billion.
Why Bengaluru land prices rival NYC? Sridhar Vembu explains
Sridhar Vembu, the Founder and Chief Scientist of Zoho Corporation, has blamed rampant corruption for the skyrocketing land prices in Indian cities like Chennai and Bengaluru.
This AI firm's lowest-paid H-1B worker earns over ₹1cr
Anthropic, an artificial intelligence (AI) company, has revealed its pay scale through US visa filings.