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OpenAI launches $10 billion deployment company for business AI adoption
OpenAI has launched The Deployment Company, a $10 billion joint venture backed by 19 investors, to accelerate AI adoption in businesses across sectors.
RBI warns against fake debt waiver certificates and fee scams
The Reserve Bank of India has alerted citizens about fraudulent campaigns promising loan waivers, urging them to avoid such entities and report misleading activities.
ideaForge Technology stock hits 52-week high after ₹60cr profit
IdeaForge Technology's stock soared 20% after the drone tech firm reported a Q4 net profit of Rs 60 crore, reversing last year's Rs 26 crore loss.
Tata Technologies reports Q4 FY26 profit ₹204.17cr and revenue ₹1,572.22cr
Tata Technologies reported an 8% increase in consolidated net profit to ₹204.17 crore in Q4, driven by strong execution and rising wins in full-vehicle programs.
Indian markets up about 0.5%, rupee hits record low
The Nifty 50 closed up 0.51% at 24,119 after midday selling trimmed gains, while the rupee fell for the fourth straight session to a record low near 94.8–95.1 per USD.
Future of Knowledge Work Summit 2026 in Bengaluru spotlights AI
The Future of Knowledge Work Summit 2026 in Bengaluru explores how AI reshapes workflows, driving organisations to adapt roles and skills for evolving workplace demands.
Datadog hires 100+ in Bengaluru to meet cloud AI demand
Nasdaq-listed Datadog is scaling its India operations, leveraging partnerships and AI-driven solutions, as it taps into the country’s rapid cloud and AI adoption.
NSE launches electronic gold receipts for digital gold ownership
The National Stock Exchange of India introduced Electronic Gold Receipts (EGRs) to streamline and formalise India's gold market through a regulated, technology-driven platform.
NCLAT sets aside Embassy Developments insolvency order and closes process
The NCLAT has overturned the NCLT's insolvency order against Embassy Developments, ending insolvency proceedings and ensuring the developer's operations remain unaffected.
World Liberty Financial sues Justin Sun for defamation in Miami
World Liberty Financial has filed a defamation suit against crypto billionaire Justin Sun, alleging he orchestrated a smear campaign and secretly bet against their $WLFI token.
SEBI to launch C-KYC 2.0 for unified know-your-customer system
The Securities and Exchange Board of India (SEBI) is gearing up to launch C-KYC 2.0 by July this year.
Gold, silver fall as Iranian missiles reported at US warship
Gold and silver rates dropped sharply today, with gold losing 2.30% and silver correcting nearly 5%, as crude oil prices surged following escalated US-Iran conflict tensions.
Elon Musk sought settlement with Greg Brockman before $150B trial
Elon Musk contacted OpenAI President Greg Brockman to propose a settlement just two days before their high-stakes trial began in Oakland federal court, a new filing reveals.
Sensex climbs 356 points and Nifty gains 122 to 24,119
Sensex climbed 355 points to close at 77,269, while Nifty gained 121 points to settle at 24,119, driven by bullish trends and strong sectoral performance.
Sensex climbs 356 points and Nifty closes above 24,100
Indian equity markets rebounded strongly on Monday, with the Sensex gaining 356 points and Nifty closing above 24,100, driven by robust auto sales data and easing crude oil prices.
Indian rupee drops 39 paise to 95.23 amid oil spike
The Indian rupee fell 39 paise to a historic low of 95.23 against the US dollar, driven by West Asia tensions, surging oil prices, and persistent foreign capital outflows.
Tsavorite raises $5 million from Pavestone to scale OPU
AI compute platform Tsavorite has raised $5 million from Pavestone to enhance its composable architecture and scale its power-efficient, scalable AI systems.
BJP's West Bengal win could add 50bps to India's GDP
Market analysts have predicted that a BJP victory in West Bengal could add around 50 basis points to India's GDP.
Netomi raises $110 million led by Accenture Ventures for proactive AI
AI startup Netomi secured $110 million in Series C funding led by Accenture Ventures, aiming to expand proactive AI systems and redefine customer support automation globally.
InGovern urges independent Tata directors to back Tata Sons listing
InGovern Research Services has called on directors of seven listed Tata Group firms to advocate for Tata Sons' public listing, citing regulatory and fiduciary imperatives.
AI driven data centers propel HFCL and Sterlite fiber demand
US and Europe’s AI-driven data center expansion is fueling 30–35% of global fiber demand, prompting India’s HFCL and Sterlite Tech to boost exports and ramp up investments.
Amazon launches supply chain services to enter $1.3T 3rd-party logistics
Amazon is leveraging its global supply chain network to offer third-party logistics services, aiming to transform the industry as it did with cloud computing through AWS.
Musk v/s OpenAI enters second week with key testimonies ahead
Greg Brockman, the co-founder and president of OpenAI, is set to testify in a lawsuit filed by Elon Musk.
Anthropic nearing $1.5B joint venture with Wall Street firms
Anthropic, a leading artificial intelligence (AI) company, is on the verge of finalizing a major joint venture with Blackstone and Goldman Sachs, according to The Wall Street Journal.
US becomes India's top LPG supplier amid Hormuz crisis
The United States has emerged as India's top supplier of liquefied petroleum gas (LPG) in April, according to data from analytics firm Kpler.
Jindal Steel posts 22% sales rise and ₹143 cr loss
Jindal Steel's standalone net sales surged 22.24% year-on-year to Rs 15,935.07 crore in March 2026, compared to Rs 13,035.48 crore in March 2025.
India could see fuel price hikes as crude tops $100
India may soon witness a petrol and diesel price hike as crude oil remains above $100 per barrel, with oil marketing companies facing mounting losses from selling fuel below cost.
MediaTek ropes-in former TSMC executive as advisor for AI chips
Taiwanese chip designer MediaTek has appointed Douglas Yu, a former executive at Taiwan Semiconductor Manufacturing Company (TSMC), as a part-time advisor.
India LPG use falls over 16% amid West Asia tensions
India's LPG consumption fell 16.16% in April to 2.2 million tonnes, impacted by supply disruptions from the West Asia conflict affecting household and commercial availability.
SEBI to issue advisory on AI risks in financial markets
The Securities and Exchange Board of India (SEBI) is set to release an advisory on the risks associated with artificial intelligence (AI) in India's financial markets.
Middle East conflict drives April stockpiling and Asian output gains
Asian factories face rising costs and supply-chain disruptions as the Middle East war drives commodity price surges, prompting stockpiling and cautious sentiment across the region.
Tata Trusts to reconsider Tata Sons board nominees May 8
Tata Trusts is considering key changes to the Tata Sons board on May 8, including Bhaskar Bhat's nomination and Venu Srinivasan's potential exit as a nominee director.
Aditya Birla Capital profits up 31% to ₹1,129cr this quarter
Aditya Birla Capital reported a 30.6% year-on-year rise in consolidated net profit to ₹1,129 crore for Q4 FY26, with total income increasing to ₹13,476 crore.
HPGCL CFO Amit Dewan dismissed over ₹590cr fake account fraud
Amit Dewan, CFO of Haryana Power Generation Corporation Limited, was dismissed over alleged involvement in a Rs 590-crore fund diversion scam through fake accounts.
US aluminum shortage hits truck production as prices near $6,100
A global aluminum shortage, driven by tariffs, geopolitical tensions, and supply disruptions, is straining automakers and driving up production costs across North America.
Netweb Technologies posts Q4 revenue ₹773.7 cr profit ₹70.59 cr
Netweb Technologies India reported standalone net sales of Rs. 773.70 crore in March 2026, marking an 86.59% year-on-year growth from Rs. 414.65 crore in March 2025.
Moneycontrol Dezerv Wealth Summit coming to Bengaluru on May 13
The Bengaluru edition will explore evolving investment strategies, focusing on risk, return, and diversification amid macro volatility and shifting global market dynamics.
Elon Musk sues OpenAI in Oakland over nonprofit mission shift
The high-stakes trial between Elon Musk and OpenAI continues, with cofounder Greg Brockman set to testify as Musk seeks to revert the AI giant to a non-profit foundation.
Ambuja Cement Q4 net profit 78% to ₹1,830cr, ₹2/share dividend
Ambuja Cement's net profit surged 78% YoY to ₹1,830 crore in Q4. The company also announced a ₹2 per share dividend for its shareholders.
Adani Enterprises posts 20% March sales, ₹32,439 cr, narrows loss
Adani Enterprises posted consolidated net sales of Rs 32,439.31 crore in March 2026, marking a 20.3% year-on-year increase from Rs 26,965.86 crore.
Apple tightens India rules to curb illegal iPhone exports
Apple has intensified efforts to curb illegal iPhone exports from India, terminating distributor contracts and enforcing strict in-store activation rules for retailers.
US becomes India's top LPG supplier in April 2026
The US overtook Gulf nations as India's largest LPG supplier in April, driven by Hormuz disruptions, with imports dropping to 968,000 tonnes from 1.13 million tonnes in March.
India outpaces China for global capital on stronger GDP growth
India's nominal GDP growth surpasses China's, attracting robust global capital flows as easing geopolitical tensions and strong corporate earnings boost investor confidence.
Ather Energy posts FY2025-26 sales 2,62,942 scooters 18.6% market share
Ather Energy achieved record sales of 2.62 lakh electric scooters in FY2025-26, marking a 69% YoY growth, while significantly reducing EBITDA and net losses.
IndiaMART targets 10-12% revenue by FY27 through subscriptions, small businesses
IndiaMART aims for 10–12% revenue growth and steady margins of around 33% in FY27, despite challenges like subscriber churn and subdued SME demand, according to CEO Dinesh Agarwal.
₹145cr deposit must be paid: Delhi High Court to SpiceJet
The Delhi High Court has rejected a review plea by budget airline SpiceJet, asking it to deposit ₹144.5 crore in its long-running arbitration dispute with Kalanithi Maran and KAL Airways Pvt Ltd.
Sudarshan Pharma jumps 3% on NSE after strong Q4 results
Sudarshan Pharma shares climbed up to 3% after reporting a robust 44.8% profit growth and a 37% revenue surge in the March quarter of FY26.
Hero MotoCorp names Sachin Agrawal CTO to lead R&D
Hero MotoCorp has named Sachin Agrawal as its Chief Technology Officer, effective May 21, 2026, succeeding Vikram Kasbekar who will remain on the company's board.
Rupee down 5.5% to record 95.33, RBI under pressure
India's central bank is considering measures like reviving NRI deposit schemes and removing bond tax to bolster forex reserves amid rupee pressure.
CARE Ratings and NSE launch PaRRVA to verify risk-return reporting
CARE Ratings and NSE have launched PaRRVA, a SEBI-conceptualised framework to standardise and independently verify investment performance metrics in the securities market.
SGB 2018-19 Series I ends today with about 386% gain
The Sovereign Gold Bond (SGB) 2018–19 Series I matures today, delivering an impressive 386% absolute gain alongside additional tax-free interest returns over eight years.
South Korea's KOSPI rises to 6,936.99 on chip and AI
South Korean shares soared over 5% on Monday, driven by record-breaking gains in chipmakers Samsung Electronics and SK Hynix amid AI optimism and strong U.S. tech earnings.
Air India board meeting on May 7: What's the agenda?
Air India's board of directors will convene on May 7 in Mumbai.
PPF or FD: Which is ideal for short-term investment?
Public Provident Fund (PPF) and Fixed Deposits (FDs) are two popular investment options for the Indian middle class.
BHEL shares surge 10% as Q4 profit skyrockets 155%
Shares of Bharat Heavy Electricals Limited (BHEL) surged by as much as 10% on Monday, following the company's strong operational performance in its fourth quarter results.
SBI-led consortium mulls ₹25,000cr loan for Vi
A consortium led by the State Bank of India (SBI) is considering a debt funding of ₹25,000 crore for telecom giant Vodafone Idea (Vi).
Eighth Central Pay Commission enters consultation phase after 6 months
Six months into its formation, the 8th Central Pay Commission has entered a critical phase, focusing on salary revisions and pension restructuring for millions.
SEBI to issue AI risk advisory for India's financial markets
SEBI Chair Tuhin Kanta Pandey announced plans to issue an advisory on AI-related vulnerabilities while emphasizing investor empowerment as the next phase of its mandate.
Prudent Corporate Advisory launches Edge+ platform for mutual fund distributors
Prudent Corporate Advisory Services has introduced Edge+, an AI-driven platform designed to enhance mutual fund distributors' client servicing, productivity, and business growth.
Ather Energy posts ₹1,175cr revenue in Q4, losses down 57%
Ather Energy has posted a revenue of over ₹1,100 crore in the fourth quarter of FY26.
MediaTek hires Douglas Yu to advance AI chip packaging competitiveness
MediaTek has appointed ex-TSMC executive Douglas Yu as a part-time adviser, aiming to enhance advanced packaging technologies and accelerate its expansion into the AI chip market.
Samsung appoints new TV business head amid rising market competition
Samsung Electronics has appointed Lee Won-jin as the new head of its Visual Display Business.
India's manufacturing sector rebounds but cost pressures hit 44-month high
India's private sector manufacturing activity witnessed a recovery in April, after hitting a four-year low in March.
Gold and silver slip in India as global gold falls
Gold and silver prices in India marginally fell on May 4, with gold futures at ₹1.51 lakh per 10 grams and silver at ₹2.50 lakh per kg.
BHEL stock jumps nearly 9% after Q4 FY26 EBITDA surge
Bharat Heavy Electricals Ltd. (BHEL) shares rose by 10% following impressive Q4 results, with operational performance exceeding market expectations.
India resumes wheat exports after 4-year pause
India has resumed wheat exports for the first time in four years, thanks to a bumper harvest and rising global prices.
Samsung family pays $8B in inheritance tax
The family behind South Korean conglomerate Samsung has paid 12 trillion won ($8 billion) inheritance tax bill.
'Let's Buy Spirit': TikTokers pledge millions to revive defunct airline
Spirit Airlines has shut down after the $500 million bailout plan was rejected by institutional equity holders.
Adani Enterprises to invest ₹17,000cr in airports, including Ahmedabad terminal
Adani Enterprises Ltd (AEL) plans to allocate over 42% of its ₹40,000 crore FY27 capital expenditure towards its airports business, including a new terminal in Ahmedabad.
India's richest see fortunes surge, Adani tops gains
India's top billionaires have witnessed a major recovery in their wealth, according to data analyzed by Moneycontrol.
Vodafone Idea shares jump 10% after ₹23,650cr AGR relief
Vodafone Idea's stock price surged by nearly 10% in early trade on Monday, following a major relief on its adjusted gross revenue (AGR) dues.
NCLAT rejects Vedanta's challenge to Adani over Jaiprakash Associates rescue
The National Company Law Appellate Tribunal (NCLAT) has rejected Vedanta's challenge against the approval of Adani Enterprises' ₹15,000-crore resolution plan for Jaiprakash Associates Ltd.
Indian rupee gains slightly to 94.86 per dollar on inflows
The Indian Rupee fell to 94.86 per USD, influenced by modest dollar inflows and decreasing oil prices, despite persistent importer demand.
ideaForge Technologies shares jumped 17% to ₹720 after ₹60Cr profit
Drone manufacturer ideaForge Technologies saw a 17% rise in shares, hitting a 52-week high, following impressive Q4 results.
Meme stock GameStop bids $56B for eBay to rival Amazon
GameStop, the popular video game retailer that turned into a 2021 meme stock sensation, has made an unsolicited $55.5 billion bid to acquire eBay.
Kotak Mahindra Bank shares slip despite ₹4,027cr profit, up 13%
Kotak Mahindra Bank's shares fell by 5% despite a 13% year-on-year increase in Q4 net profit, making it one of the top losers in the Nifty 50.
India's manufacturing PMI edges up to 54.7 in April 2026
India's Manufacturing Purchasing Managers' Index (PMI) rose to 54.7 in April, despite weak demand and high input costs due to the Middle East war.
Delhi High Court rejects SpiceJet's Gurugram property plea, fines ₹50,000
The Delhi High Court dismissed SpiceJet's review plea, imposing a ₹50,000 cost and maintaining the order to deposit ₹144.5 crore to Kalanithi Maran and KAL Airways.
Bitcoin tops $80,000, nearly 12% April gain prompts experts' caution
Bitcoin prices recovered to over $80,000 amid easing geopolitical tensions, with the Federal Reserve leadership transition being a key focus for investors.
Indian government bonds rise as polls favor Narendra Modi's BJP
Indian government bonds rebound as higher yields attract value investors, while early election results favoring the ruling party boost market confidence.
Sensex up 819 points Nifty up 240 as BJP leads
Indian equities are trading higher as BJP leads in key states during the Assembly elections, boosting investor confidence and risk appetite.
Sun TV down nearly 9% amid likely DMK power loss
Sun TV Network Ltd. shares dropped by over 8% following the initial trailing of the DMK coalition in the Tamil Nadu assembly polls.
Indian Sensex falls 400 points as Nifty holds near 24,150
The equity benchmark indices, Sensex and Nifty, experienced a decline due to profit booking and persistent FII selling after an initial rally.
Indian 10-year yield falls to 6.9962% as Brent eases
Indian bond yields fell below 7% on May 4, as a decrease in Brent oil prices provided some relief. However, potential US-Iran tensions continue to threaten market stability.
Crude dips as Trump plans to free ships in Hormuz
Oil prices have witnessed a dip following US President Donald Trump's announcement of an initiative to free ships stranded in the Strait of Hormuz.
How John Ternus's leadership could reshape Apple's financial strategy
Apple is gearing up for a major leadership transition, with John Ternus, the company's current hardware chief, set to take over as CEO on September 1, 2026.
Sensex jumps 900 points: What's behind today's rally?
The Indian stock market witnessed a major surge on Monday, with the Sensex and Nifty indices rising by nearly 1% each.
Government cut Vodafone Idea AGR dues 27% and shares jump
Vodafone Idea's shares climbed 4.5% after the Indian government reduced the company's adjusted gross revenue (AGR) liability by 27%, sparking a positive market response.
Ola Electric shares rise over 3% while market shrinks 22%+
Ola Electric Mobility's shares jumped over 3% following a 20% month-on-month increase in April registrations, despite a declining EV two-wheeler market.
Gold, silver prices fall amid geopolitical tensions in West Asia
Gold futures slipped 0.15% lower to ₹1,51,119 per 10gm on MCX today. The decline comes as investors closely monitor the ongoing geopolitical tensions in West Asia.
Bitcoin crosses $80,000 mark for first time since January
Bitcoin has crossed the $80,000 mark for the first time in over three months.
Sensex hits 77,650 as Nifty tops 24,200 amid state polls
The Indian stock market saw a significant rise, with Sensex gaining over 700 points and Nifty surpassing the 24,200 mark as investors evaluated early state election trends.
Markets open strong ahead of assembly polls, Sensex up 616
The Indian stock market opened higher on Monday, May 4, 2026, with Sensex rising over 500 points as investors anticipate assembly election results.
Spirit Airlines shuts down after creditors reject $500 million government bailout
Spirit Airlines ceases operations after a $500 million bailout plan, supported by the Trump administration, was rejected by creditors.
Indian rupee falls to 94.95 amid U.S.-Iran oil tensions
The Indian Rupee opened lower for the fourth consecutive session on May 4, influenced by elevated oil prices and ongoing US-Iran tensions.
Rupee opens at 94.95 as oil wobbles after US help
The Indian rupee opened 4 paise weaker at 94.95 against the US dollar on Monday, 4 May, influenced by a pullback in oil prices and ongoing U.S.-Iran negotiations.
Bitcoin breaks past $80,000, peaks at $80,393 in Singapore
Bitcoin surpassed the $80,000 mark for the first time in three months, coinciding with a surge in Asian stocks towards record highs.
Tech giants lift emerging markets this week, MSCI up 2.9%
Emerging-market assets, led by South Korean stocks, hit a record high due to strong tech earnings and renewed shipping through the Strait of Hormuz.
Aluminum at highest in more than 4 years amid Trump's naval blockade of Iran
Aluminum prices rose by 1.7% due to the continued naval blockade on Iran by the US, limiting the metal's availability and increasing its global value.
West Asia conflict drives majority of 4.8 million bpd shortfall
The global oil market is experiencing a supply deficit of approximately 4.8 million barrels per day (mbpd) due to disruptions in West Asia, reports PL Capital.
Samsung names Lee Won-jin Visual Display head, Yong Seok-woo adviser
Samsung Electronics has named Lee Won-jin, former head of Global Marketing Office, as the new leader of its Visual Display Business amid increasing market competition.
Scale-I bank staff get DA rise from 25% to 25.7%
Bank employees will experience a slight increase in their monthly salaries due to a rise in Dearness Allowance (DA) linked to inflation trends.
Oil holds above $100 after Donald Trump's Hormuz move
Oil prices slightly dip but remain above $100 due to US-Iran tensions, while gold slips amid persistent inflation concerns.
Citigroup head Viswas Raghavan faces bullying allegations from JPMorgan Chase
Viswas "Vis" Raghavan, Citigroup's head of banking, is under scrutiny for alleged bullying and sexist remarks during his tenure at JPMorgan Chase.
Linkerbot seeks $6B valuation as funding details remain undisclosed
Chinese robotics startup Linkerbot, a leader in humanoid robotic hands, is eyeing a $6 billion valuation in its next funding round.
President Trump unveils Strait of Hormuz plan as oil steadies
Oil prices remain steady as traders assess US President Donald Trump's plan to guide neutral ships through the contentious Strait of Hormuz amid the Iran war.
Asian stocks rise as tech earnings offset West Asia tensions
Asian shares experienced a boost while the US dollar edged lower, amid fluctuating crude oil prices and mixed signals from West Asia.
UpGrad to acquire Unacademy in ₹2,055cr all stock deal
UpGrad, an upskilling platform, is acquiring edtech firm Unacademy in an all-stock deal valued at ₹2,055 crore, significantly below its peak valuation.
West Asia conflict raises input costs, alters D2C packaging choices
Direct-to-consumer brands are altering packaging and product strategies due to increased input costs driven by the West Asia conflict.
Tata Electronics targets $30B revenue, building India's 1st semiconductor fab
Tata Electronics aims to become a $30 billion business within five years, driven by its expansion in semiconductor and electronics manufacturing, according to CEO Randhir Thakur.
Oil above $100, US helps ships amid stalled Iran talks
Despite a slight decrease, oil prices continue to stay above $100 per barrel as the US plans to unblock the Strait of Hormuz, easing supply concerns.
Tata Education and Development Trust trustees to vote May 10
Tata Trusts faces a pivotal vote this week on the reappointment of vice-chairmen Venu Srinivasan and Vijay Singh at its affluent affiliate, Tata Education and Development Trust.
Infosys weaves AI into GCC strategy amid India center growth
Infosys is intensifying its focus on Global Capability Centres (GCCs) to counter the trend of insourcing, which threatens its core outsourcing business.
Spirit Airlines stops flying May 2, refunds 4,000 canceled flights
Spirit Airlines is close to completing refunds for customers after its sudden closure left thousands stranded and flights cancelled.
April India market rally lifts Gautam Adani to $103 billion
India's top billionaires, including Gautam Adani and Ravi Jaipuria, have seen significant wealth recovery from March lows as Indian markets rebound strongly in April.
Saint-Gobain pours nearly $1 billion into India over 5 years
French company Saint-Gobain is set to invest nearly $1 billion in India over the next five years. This move signifies a shift towards emerging markets for growth.
Nestle products in India might soon become more expensive
Nestle India, the company behind popular brands like KitKat and Maggi, has hinted at possible price hikes.
Economic corridor worth ₹1L crore to come up in MP
Madhya Pradesh Chief Minister Mohan Yadav has laid the foundation stone for the ambitious Indore-Pithampur Economic Corridor.
Global mobile money transactions cross $2T mark
Mobile money transactions worldwide crossed the $2 trillion mark in 2025, a new report has revealed.
Vedanta might not distribute 30% of profit as dividend anymore
Vedanta Ltd, one of India's leading mining companies, has announced a major change in its dividend policy.
Claude Mythos threat: Government banks to ramp up IT spending
In light of global concerns over Anthropic's Claude Mythos AI tool and its potential implications for financial data security, public sector banks in India are gearing up to ramp up their IT spending.
Market cap of India's top 4 firms up ₹2.2L crore
The combined market capitalization of four out of India's top 10 most valued companies, including Reliance Industries, surged by ₹2.20 lakh crore last week.
Coal gasification incentive scheme worth ₹37,500cr to be approved soon
The Union Cabinet is likely to approve a massive ₹37,500 crore incentive scheme for coal gasification projects.
Punjab & Sind Bank eyes ₹3L crore business this year
Punjab & Sind Bank, a state-owned lender, has set an ambitious target to achieve a total business of ₹3 lakh crore by the end of the current financial year.
OPEC+ to raise oil output targets amid US-Iran war fallout
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, are expected to announce a modest increase in oil production.
India allows 100% FDI in insurance sector
The Indian government has announced a major change in the foreign direct investment (FDI) policy for the insurance sector.
India tightens FDI rules for Pakistan, other land-border countries
India has tightened its foreign direct investment (FDI) norms for countries sharing a land border, with specific provisions for Pakistan.
Berkshire Hathaway CEO takes cautious AI stance
Berkshire Hathaway's CEO Greg Abel has shared the company's cautious approach toward artificial intelligence (AI) and its future growth prospects.
Finance Ministry calls for faster case resolutions in DRTs
The Finance Ministry has called for quicker case resolutions in Debt Recovery Tribunals (DRTs).
India's 5th-gen stealth fighter jets to be produced in Andhra
India's fifth-generation stealth fighter jets will now be manufactured in Puttaparthi, Andhra Pradesh.
R Balasubramaniam, Joram Aniya: Who are new NITI Aayog members?
The Central government has appointed Joram Aniya and R Balasubramaniam as full-time members of the NITI Aayog.
Bombay HC bars rival cement maker from using UltraTech's trademarks
The Bombay High Court has ruled in favor of UltraTech Cement, one of the world's largest cement companies by sales volume and capacity (excluding China).
NVIDIA's pivot to physical AI sparks tech rally in Asia
NVIDIA's expansion into physical artificial intelligence (AI) has sparked a rally in Asian tech stocks.
Tesla made $570M from SpaceX, xAI deals last year
Tesla generated over $573 million in revenue last year by selling products to two of Elon Musk's other companies.
Who is Shivon Zilis, key witness in Musk-OpenAI legal battle?
As the legal battle between Elon Musk and OpenAI continues in a California federal court, one name has emerged as a key witness: Shivon Zilis.
Why Tata Sons may have to go for IPO soon
The Reserve Bank of India (RBI) has updated its definition of shadow lenders, and the change could have major implications for Tata Sons.
PAN now mandatory for these financial transactions in India
The Indian government has made it mandatory to quote a Permanent Account Number (PAN) for several financial transactions.
Cerebras plans $4B IPO as AI chip demand surges
Cerebras Systems, a leading player in the AI chip industry, is gearing up for a major public offering.
How digitalization improved MSME productivity in India: IMF study
A recent working paper from the International Monetary Fund (IMF) has highlighted how India's public administration digitalization reforms have improved productivity in micro, small, and medium enterprises (MSMEs).
Modi government eases FDI via automatic route for these firms
The Indian government has amended the Foreign Exchange Management Rules, allowing foreign companies with a Chinese or other land-bordering country (LBC) shareholding of up to 10%, to invest in India through the automatic route.
First OPEC+ meeting since UAE's exit today: What to expect?
Seven OPEC+ countries are convening today to set new oil production quotas.
Swiggy elevates veteran Swapnil Bajpai to CEO of Dineout, Scenes
Swiggy has promoted its veteran executive, Swapnil Bajpai, to the position of Chief Executive Officer (CEO) for Dineout and Scenes.
DMart parent's Q4 results: Profit rises 19% YoY to ₹657cr
Avenue Supermarts Limited, the parent company of DMart, reported mixed financial results for the March quarter.
'Keep me awake': Kotak Bank CEO on rising AI threats
Kotak Mahindra Bank's MD and CEO, Ashok Vaswani, has expressed his concerns over the rapid evolution of artificial intelligence (AI) tools, including Claude and Mythos.
Berkshire Hathaway's cash pile hits record high under new CEO
Berkshire Hathaway, the multinational conglomerate led by Greg Abel, has reported a record high in its cash reserves.
FPIs pull out ₹13,944cr from Indian market this week
Foreign portfolio investors (FPIs) have pulled out ₹13,944.59 crore from the Indian markets during a holiday-shortened trading week ending April 30.