Business News
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Gulf instability drives cloud giants to seek India co-location deals
The ongoing crisis in West Asia is driving a surge in demand for data centre capacity in India, with an estimated increase of 200-500 megawatts.
India's major ports moved 915 million tons, beat 2025-26 goal
India's major ports surpassed their annual target by handling 915.17 million tonnes of cargo in FY 2025-26, marking a 7.06% growth.
IPL season boosts hospitality industry amid LPG crisis
The Indian Premier League (IPL) season 19, which started on March 28, has given a much-needed boost to India's restaurant and bar industry.
Foxconn's Q1 revenue jumps 30% YoY on strong AI demand
Taiwanese tech giant Foxconn, the world's largest contract electronics manufacturer and NVIDIA's biggest server supplier, has posted a massive 29.7% jump in its first-quarter revenue year-on-year.
Why Japanese government plans to open an office in India
Japan's Ministry of Foreign Affairs is planning to open an office in India.
TV sales in India are falling. Reason? US-Iran war
The Indian television industry is facing a potential decline in sales due to rising production costs.
How OMCs in India are tackling rising fuel costs
In a major development, Indian state-owned oil marketing companies (OMCs) have decided to cut the prices they pay refineries for petrol, diesel and other fuels.
Almost 40 companies filed for IPOs in India this March
A total of 38 companies, including SBI Funds Management and Manipal Health Enterprises, have filed their draft red herring prospectuses (DRHPs) with the Securities and Exchange Board of India (SEBI) in March 2026.
Will RBI change key policy rates this week?
The Reserve Bank of India (RBI) is expected to keep its key policy rates unchanged in the upcoming Monetary Policy Committee (MPC) meeting, scheduled for April 6-8.
IPL is now worth more than $18B, says Kotak
The Indian Premier League (IPL) has transformed into a multi-billion-dollar economic powerhouse, according to a recent report by Kotak Mutual Fund.
Hindustan Copper is vying for 'Navratna' status: Why it matters
Hindustan Copper Limited, a state-owned enterprise, is vying for the coveted 'Navratna' status in India.
FPIs pull out ₹19,837cr from Indian equities in April
Foreign Portfolio Investors (FPIs) have continued their exit from Indian equities, withdrawing a massive ₹19,837 crore in just the first two trading sessions of April.
YES Bank's Q4-update: Loans rise 11% YoY to ₹2.72L crore
Private lender YES Bank has reported strong growth in its balance sheet for the March quarter.
Studio behind GTA 6 lays off entire AI team
Take-Two Interactive, the gaming giant behind Grand Theft Auto VI (GTA VI), has disbanded its entire artificial intelligence (AI) division.
Samsung, Mistral AI in talks for stable chip supply
Samsung Electronics and French artificial intelligence (AI) start-up Mistral AI are considering a collaboration in the AI memory sector.
Gold down almost 7% since late February as dollar strengthens
Gold prices have seen a 7% decrease since late February due to geopolitical tensions and a shift in investor preference towards the US dollar.
IndusInd Bank Q4 FY26 total deposits: ₹4,00,178 crore; net advances: ₹3,15,154 crore (advances down 8.7% YoY)
IndusInd Bank experienced a year-on-year contraction in both deposits and advances during Q4FY26, despite a slight sequential improvement in liabilities.
Telangana government launches skill development program for transgenders
In a major step toward social and economic inclusion, the Telangana government has launched a dedicated skill development program for transgender persons.
Goldman Sachs forecasts 49% semiconductor revenue growth driven by AI
Artificial intelligence (AI) is driving strong investment in the semiconductor sector, with revenues projected to grow significantly through 2026, according to Goldman Sachs.
Check bank holidays in your region for next week
The Reserve Bank of India (RBI) has announced the bank holiday calendar for the coming week.
Rising costs and rupee weakness push TV prices, shoppers downsize
The television industry anticipates a sales slump due to escalating production costs and geopolitical tensions in West Asia.
6 most valued Indian firms lost ₹64,700cr in a week
The combined market capitalization of six out of the top 10 most valued companies in India fell by ₹64,734.46 crore last week.
LPG crisis: UP, Rajasthan, Telangana fast-track piped natural gas rollout
In light of the ongoing LPG shortage, several Indian states are fast-tracking the rollout of piped natural gas (PNG) connections to homes.
Japan to open India investment office amid ¥10 trillion aim
Japan's Ministry of Foreign Affairs is setting up an office in India to strengthen economic ties and address regulatory issues hindering Japanese investment, reports Nikkei Asia.
OPEC+ meets Sunday considering raising output after oil neared $120
OPEC+ is contemplating a theoretical increase in oil output, despite the ongoing war with Iran severely limiting production capabilities.
INSEAD-HBS study finds rethinking AI nearly doubles startup earnings
Startups that restructured their workflows with artificial intelligence at the core saw nearly 1.9 times higher revenue, according to a study by INSEAD and Harvard Business School.
Worked 6 months? You now qualify for earned leave
The Indian government has announced a new labor code, the Occupational Safety, Health and Working Conditions Code (OSH Code), 2020. The code comes with several major changes for workers.
Writers Guild of America reaches tentative deal with studios
The Writers Guild of America (WGA) has reached a tentative four-year agreement with the Alliance of Motion Picture and Television Producers (AMPTP), which represents studios and streamers.
India's top firms lose ₹64,734.46 cr as markets slip
Six of the top ten most valued companies saw a combined market capitalisation drop of nearly ₹65,000 crore last week, with Bharti Airtel losing almost ₹30,000 crore.
IPL return expected to lift India's hospitality sales 5-10%
The commencement of the 19th Indian Premier League (IPL) season has provided a significant boost to restaurants and bars, offering relief from the recent LPG supply disruption.
Iranian strikes could disrupt Al Taweelah aluminum supply in UAE
The recent Iranian strikes on the Al Taweelah aluminium plant in Abu Dhabi indicate a shift in the conflict's impact, now disrupting global industrial supply chains.
Foxconn Q1 2026 revenue rises 29.7% amid AI demand surge
Taiwan's Foxconn reported a 29.7% year-on-year increase in first-quarter revenue, driven by robust demand for AI-related products. The earnings exceeded analyst expectations.
India growth forecast cut to 6% amid US-Iran war
Moody's Ratings has revised India's economic growth forecast for the current fiscal year downward, from 6.8% to 6%.
India standardizes leave rules, lets employees encash extra leave annually
India's Occupational Safety, Health and Working Conditions Code, 2020 (OSH Code) introduces a standardized leave encashment system for salaried employees nationwide.
March 2026 sees 38 IPO filings in India, confidence rising
In March 2026, a total of 38 companies, including SBI Funds Management and Manipal Health Enterprises, filed preliminary IPO papers with SEBI.
Upcoming IPOs: Primary market to see 2 issues next week
The primary market is witnessing a slowdown, with only two issues slated to open for subscription next week.
YES Bank posts March 2026 profit, income up, NPAs decline
YES Bank's Q4 report shows an 11% YoY increase in loans and a 12% growth in deposits, indicating a stable growth momentum.
Kotak Bank's Q4 net advances up 16.2% to ₹4.95L crore
Kotak Mahindra Bank has reported a strong performance for the quarter ending March 2026.
IDBI Bank's total Q4 business jumps 14% to ₹6L crore
IDBI Bank has announced a strong performance for the quarter ending March 31, 2026.
Samsung and Mistral AI discuss semiconductors for Mistral Large
Samsung Electronics and French startup Mistral AI are discussing potential cooperation in the artificial intelligence (AI) memory sector, according to industry insiders.
Tata Motors Q4 FY26 sales jump 25% to 132,465 vehicles
Tata Motors reported a 25% year-on-year increase in Q4 FY26 sales, selling 1.32 lakh units. Commercial vehicles significantly contributed to this growth.
Microsoft gains freedom to build AI rivals after OpenAI deal
Microsoft is striving for self-sufficiency in artificial intelligence (AI) following a restructured agreement with OpenAI, aiming to develop competitive "frontier" models.
UIDAI opens Bengaluru technology center internships, applications close April 15
The Unique Identification Authority of India (UIDAI) is inviting applications for internships at its Technology Centre in Bengaluru, with the deadline set for April 15, 2026.
US March inflation expected to climb 1% on gas spike
US inflation is expected to rise sharply, with a 1% increase in the consumer price index for March, due to the recent Iran war's impact on gas prices.
Haryana asks CBI to probe ₹950cr at IDFC First, Kotak
Two major banks, IDFC First Bank and Kotak Mahindra Bank, are under investigation for alleged frauds involving public funds worth nearly Rs 950 crore.
Delve splits from Y Combinator after privacy rule accusations
Compliance startup Delve has severed ties with accelerator Y Combinator following allegations of misleading clients and misusing open-source tools.
Why TVS Motor's chairman emeritus has resigned from Tata Trusts
Venu Srinivasan, the Chairman Emeritus of TVS Motor Company, has resigned from Bai Hirabai Charitable Trust.
Tata Steel served ₹1,755cr demand notice for illegal coal extraction
Tata Steel has been served a ₹1,755.10 crore demand notice by the District Mining Office in Ramgarh, Jharkhand.
5 important ITR updates taxpayers must know for FY27
The Income Tax Act, 2025 and Income Tax Rules, 2026 apply for all taxpayers from April 1, 2026. The new regulations come with some major changes that you need to be aware of.
What is new Form 121 for tax filing
In a bid to simplify the tax filing process, the government has introduced a new combined form, Form No. 121.
US-Iran war: EU ministers propose windfall tax on energy firms
In light of the ongoing US-Israel-Iran conflict, five European Union (EU) finance ministers have proposed a windfall tax on energy companies.
Bank of Baroda crosses ₹30L crore global business milestone
Bank of Baroda (BoB) has achieved a major milestone by crossing the ₹30 lakh crore mark in its global business for the first time.
Bandhan Bank's Q4 deposits up 10% YoY to ₹1.66L crore
Bandhan Bank has posted a double-digit growth in its advances and steady deposit accretion for the quarter ending March 31, 2026.
PNG application now must for commercial LPG users in Delhi
The Delhi government has revised its commercial LPG distribution policy, making it mandatory for industrial consumers in areas where a piped natural gas (PNG) network is available to apply for a PNG connection.
What does Altman brothers' online exchange say about OpenAI's ambitions
OpenAI's recent acquisition of TBPN, a tech-focused talk show network, has sparked a humorous exchange between Sam Altman and his brother Jack.
IDFC Bank's Q4 update: Deposits soar 17% to ₹2.84L crore
IDFC First Bank has reported a significant increase in its customer deposits for the quarter ending March 31, 2026.
HDFC Bank's advances, deposits see double-digit growth in Q4
HDFC Bank has posted a strong growth in business volumes for the March quarter, with both advances and deposits witnessing double-digit year-on-year growth.
How West Asia conflict is affecting India's snack exports
The ongoing conflict in West Asia is taking a toll on exporters from Bikaner, a major hub for namkeen production.
Russian oil exports severely impacted by Ukrainian drone strikes
Russia's major oil export terminals at Ust-Luga and Primorsk have been rendered inoperable for the second consecutive week.
Reliance Jio ordered by TRAI to stop discriminatory tariff practices
India's telecom regulator, the Telecom Regulatory Authority of India (TRAI), has directed Reliance Jio to stop certain tariff practices. The regulator flagged these as "violating" transparency and discriminatory.
Indian pharma exports show resilience, near $29B with steady growth
India's pharmaceutical exports have shown remarkable resilience this financial year, nearing the $29 billion mark by February. This growth comes even as global markets continue to be volatile.
US-Iran war: Torrent Gas hikes CNG price by ₹2.50/kg
Torrent Gas has hiked the price of compressed natural gas (CNG) by ₹2.50 per kg, according to PTI.
Netflix must refund users for illegal price hikes: Italian court
A Rome court has ruled that Netflix's price hike clauses for its Italian subscribers over the last seven years are illegal.
Commerce Ministry urges case withdrawals for minor offenses
The Ministry of Commerce and Industry has urged all departments to consider withdrawing pending court cases involving minor offenses.
AI start-up sues Apple over removal of apps
Ex-Human, an artificial intelligence (AI) start-up, has filed a lawsuit against Apple.
Anthropic forms new committee to influence AI policy and regulation
Anthropic, a leading artificial intelligence (AI) lab, has filed documents to create a new political action committee (PAC), called AnthroPAC.
Why Tesla's Texas factory workforce shrank 22% in 2025
Tesla's factory near Austin, Texas, saw a major reduction in its workforce last year.
Banks handling SpaceX's IPO have to buy Grok subscriptions
Elon Musk is ordering banks and other advisers involved in SpaceX's upcoming IPO to subscribe to Grok, his AI chatbot.
OpenAI reshuffle: AGI chief takes medical leave, executives shift roles
OpenAI's AGI boss, Fidji Simo, has announced a medical leave due to a neuroimmune condition.
Planning to take a business loan? Read this first
Qualifying for business loans in India can be a daunting task, particularly for first-time entrepreneurs.
Principal co-operative loans: What they are actually
Principal co-operative loans are an important part of India's financial ecosystem, providing credit to a variety of sectors.
Planning to invest in digital gold? Keep reading
Digital gold is becoming a popular investment option in India, providing a convenient and cost-effective way to invest in the yellow metal.
Chinese stocks jump on yuan payments for Hormuz transit fees
Shares of Chinese firms facilitating cross-border payments have witnessed a significant surge after the news of the yuan being accepted for toll payments in the Strait of Hormuz.
Dunkin' Donuts to close in India by 2026-end
Jubilant FoodWorks Ltd, India's leading quick service restaurant chains, has announced its decision to phase out Dunkin' operations in the country.