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Business News

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09 Jun 2026
TL;DR

India weighs extension of import tax exemption on 40 petrochemicals

India is considering extending the import tax exemption on 40 petrochemical products beyond June 30 to support industries amid ongoing geopolitical challenges.

09 Jun 2026
TL;DR

Flipkart and Meta let creators tag Flipkart and Myntra products

Flipkart has partnered with Meta to launch an affiliate programme, enabling creators to tag Flipkart and Myntra products in Facebook posts and Reels.

09 Jun 2026
TL;DR

Zepto overtakes Swiggy Instamart in order value, eyes $1bn IPO

Zepto surpasses Swiggy Instamart in orders but trails Blinkit in scale, while TCS chairman emphasizes AI as a complementary force reshaping IT workforce dynamics at its AGM.

09 Jun 2026
TL;DR

Sandstone raises $30 million Series A to streamline in-house legal

Sandstone secured $30M in Series A funding led by Lightspeed, aiming to streamline workflows for in-house legal teams with specialized AI solutions.

09 Jun 2026
TL;DR

Rapido to add 300 cities across India by December 2027

Rapido plans to expand into 300 more cities, focusing on rural areas and smaller towns, aiming to address public transport scarcity while boosting local employment opportunities.

09 Jun 2026
TL;DR

BSNL posts ₹1,269cr Q4 net loss and revenue drops 14%

State-owned BSNL reported a ₹1,269 crore net loss in Q4FY26, driven by higher expenses and declining revenue, pushing its full-year loss to ₹4,738 crore.

09 Jun 2026
TL;DR

Salesforce South Asia CEO Arundhati Bhattacharya says AI creates jobs

Arundhati Bhattacharya, CEO of Salesforce South Asia, highlighted that while AI will phase out repetitive jobs, it will also create new roles requiring advanced skills.

09 Jun 2026
TL;DR

Bombay High Court dismisses Lilavati Hospital's ₹1000cr interim defamation plea

The Bombay High Court dismissed Lilavati Trust's plea against HDFC Bank over alleged defamation, ruling the bank's statements were factually accurate and imposing a Rs 5 lakh cost.

09 Jun 2026
TL;DR

Salesforce will train 1 million Indians in AI by 2030

Salesforce plans to upskill one million Indians in AI by 2030 through government programs, virtual internships, academic centers, and its partner network.

09 Jun 2026
TL;DR

SpaceX prepares $75B Nasdaq IPO at $135 with 4%-5% float

SpaceX's upcoming IPO on June 12 is expected to raise $75 billion, but its small free float of 4-5% has raised concerns about potential stock volatility among investors.

09 Jun 2026
TL;DR

Samsung seeks to build Gwangju plant for AI chip packaging

Samsung Electronics is exploring plans for an advanced semiconductor packaging facility in Gwangju, South Korea, aiming to strengthen its role in the AI chip supply chain.

09 Jun 2026
TL;DR

India 10-year government bond yield hits 6.91% as oil drops

India's 10-year government bond hit a seven-week high as easing crude oil prices and central bank measures to boost foreign investment lifted market sentiment.

09 Jun 2026
TL;DR

India allows airlines lock fuel prices up to 3 years

The government introduces a voluntary scheme allowing airlines to lock jet fuel prices for up to three years, aiming to curb fare volatility and stabilise operating costs.

09 Jun 2026
TL;DR

Microsoft lays off about 200 from Azure China team

Microsoft is laying off nearly 200 Azure employees in China, citing restructuring efforts as it navigates tightening data regulations and escalating US–China geopolitical tensions.

09 Jun 2026
PhonePe

PhonePe, CRED will soon allow rent payment using credit cards

Fintech giants PhonePe and CRED are testing a new model for rent payments through credit cards.

09 Jun 2026
Adani Group

Adani Energy is acquiring smart metering firm IntelliSmart for ₹3,050cr

Adani Energy Solutions Limited (AESL) has announced its plan to acquire IntelliSmart Infrastructure Private Limited for ₹3,050 crore.

09 Jun 2026
Health & Wellness

GSK buys US biopharma company Nuvalent for $10.6B

British pharmaceutical giant GlaxoSmithKline (GSK) has announced its acquisition of US-based biopharmaceutical company Nuvalent for $10.6 billion.

09 Jun 2026
India

DIIs buy ₹4.16L crore worth of equities in 2026

Domestic institutional investors (DIIs) have been on a buying spree in the Indian equity market this year, with their net purchases surpassing ₹4.16 lakh crore in just over five months of 2026.

This FirstCry-promoted company wants to raise ₹1,000cr via IPO

Swara Baby Products, a FirstCry-promoted company that specializes in manufacturing baby and adult diapers as well as feminine hygiene products, is gearing up for an initial public offering (IPO) of up to ₹1,000 crore.

09 Jun 2026
World Bank

India well-positioned to weather global economic slowdown: World Bank

The World Bank has said that India is well-positioned to weather the storm of a slowing global economy.

09 Jun 2026
Alibaba Group

Pentagon blacklists Alibaba, BYD over ties to Chinese military

The Pentagon has added Alibaba, Baidu, and BYD to its list of companies allegedly aiding the Chinese military.

09 Jun 2026
TL;DR

Pentagon blacklists Alibaba, BYD and Baidu over military ties

The Pentagon has added EV maker BYD, Alibaba, and Baidu to its blacklist of Chinese military companies, citing their alleged ties to China’s military-civil fusion strategy.

09 Jun 2026
TL;DR

Bank of England warns of AI 'Question time' deepfakes

The Bank of England has cautioned the public about rising AI-generated scams after deepfake videos falsely depicting a fight between Nigel Farage and Andrew Bailey spread online.

09 Jun 2026
TL;DR

CBIC drafts Section 11A rules allowing GST waivers overriding penalties

The CBIC is formulating rules to implement Section 11A of the CGST Act, enabling the government to waive past GST dues for industries in exceptional cases.

09 Jun 2026
Cryptocurrency

Jailed crypto mogul Sam Bankman-Fried turns to Trump for pardon

Sam Bankman-Fried, the former cryptocurrency mogul who is currently serving a prison term for fraud, has requested a presidential pardon from Donald Trump.

09 Jun 2026
TL;DR

World Economic Forum names 100 Technology Pioneers for 2026

The World Economic Forum has announced its 2026 cohort of 100 innovative start-ups, including nine Indian firms excelling in deep-tech and frontier innovation.

09 Jun 2026
IndiGo

IndiGo shares surge 4% on FY30 growth plans

Shares of InterGlobe Aviation, which operates IndiGo, surged over 4% on Thursday.

09 Jun 2026
TL;DR

Michael Page report: 73% of Indian professionals use generative AI

73% of Indian professionals now use AI at work, marking its shift from an experimental tool to an integral part of daily professional life.

09 Jun 2026
TL;DR

GeM uses AI to cut government procurement costs by 8%

The GeM platform's AI tools have improved efficiency and transparency, delivering 8% savings to the exchequer by ensuring price sanity and optimizing public procurement processes.

09 Jun 2026
TL;DR

Jio, Airtel and Vodafone-Idea say existing networks handle V2V V2I

Indian telcos advocate licensed spectrum for V2X communication, opposing separate service authorisation to ensure secure and scalable deployments.

09 Jun 2026
TL;DR

Ministry of Coal issues Coal Exchange Rules 2026 governing exchanges

The government has notified the Coal Exchange Rules, 2026, establishing a regulatory framework to modernize coal trading and enhance price transparency.

09 Jun 2026
TL;DR

Sun Pharma seeks $12 billion Organon buy, SBI considers funding

State Bank of India plans to contribute up to $1 billion for Sun Pharma’s $12 billion acquisition of Organon, marking a significant move in Indian outbound transactions.

09 Jun 2026
TL;DR

India's data centers to hit 10-15 GW over 5 years

India's data centre capacity may grow to 15 GW in five years, fueled by rising AI adoption and global firms seeking cost-effective infrastructure, says L&T Vyoma CEO Prashant Jain.

09 Jun 2026
TL;DR

Sun Pharma plans $12bn Organon buy with possible SBI backing

State Bank of India plans to commit up to $1 billion to support Sun Pharmaceutical Industries’ $12 billion acquisition of US-listed Organon & Co.

09 Jun 2026
TL;DR

TCS to curb mass hiring as AI handles more work

TCS Chairman N Chandrasekaran announced a reduction in large-scale hiring as AI agents increasingly take over human tasks, signaling a structural shift in workforce planning.

09 Jun 2026
CRED

CRED launches new credit and lending app

CRED, a leading player in India's fintech space, has launched a new standalone app called 'Cash by CRED.'

09 Jun 2026
TL;DR

India fuel consumption rises 2.4% to 19.93 million metric tons

India's fuel consumption rose to 19.93 million metric tonnes in May, marking a month-on-month increase, but declined 6.5% compared to the same period last year.

09 Jun 2026
TL;DR

SEBI considers boosting long term commodity derivatives liquidity in India

Sebi is exploring a market-making framework to address liquidity challenges in longer-dated commodity derivatives, aiding effective price hedging.

09 Jun 2026
TL;DR

Foreign investors pour ₹8,795cr into Indian bonds, holdings ₹3.32Lcr

Foreign portfolio investors infused ₹8,795 crore into FAR securities after the government announced tax exemptions on interest income and capital gains from these investments.

09 Jun 2026
TL;DR

Larsen & Toubro deploys robots, modular construction amid labor shortages

Larsen & Toubro is leveraging automation, robotics, and prefabrication to address manpower challenges and enhance efficiency in construction projects, says CFO R Shankar Raman.

09 Jun 2026
TL;DR

India and Nepal launch instant UPI cross border payments

India and Nepal have launched a real-time remittance corridor, enabling instant money transfers using mobile numbers, VPAs, or UPI IDs without sharing bank account details.

09 Jun 2026
TL;DR

Virtusa targets $5B by 2030-31 with AI cloud data engineering

Virtusa aims to outpace IT industry growth by leveraging AI-driven services, targeting $5 billion revenue by 2030-31, and transforming its workforce with an "AI-first" approach.

09 Jun 2026
TL;DR

OpenAI Anthropic NVIDIA raise H-1B filings after $100,000 fee blocked

OpenAI, Anthropic, and Nvidia increased their H-1B visa applications in fiscal 2026, driven by intensified competition for AI talent despite evolving immigration policies.

09 Jun 2026
TL;DR

Copper climbs to 13,695/ton after Iran and Israel pause strikes

Copper prices rose 0.6% to $13,695 a ton as easing Middle East tensions boosted risk appetite, while rebounding tech stocks alleviated pressure on industrial metals demand.

09 Jun 2026
TL;DR

CRED launches Cash by CRED app helping anyone assess affordability

CRED has introduced a standalone app, Cash by CRED, offering tools like credit score checks and loan calculators to simplify borrowing and promote responsible repayment behaviour.

09 Jun 2026
TL;DR

Nikkei rebounds 2.17% to 65,416.63 on Tokyo chip gains

Japan's Nikkei share average climbed 2.17% on Tuesday, driven by strong rebounds in chip-related stocks like Tokyo Electron and Advantest after Monday's sharp sell-off.

09 Jun 2026
TL;DR

World Bank says India's economy holding up amid global slowdowns

India's robust economic fundamentals and expanding trade partnerships position it as a top investment destination, even as global economies face slowing growth.

09 Jun 2026
TL;DR

Integra Robotics raises $1.12 million to upgrade human-in-the-loop and expand products

Finvolve and GrowthCap Ventures have invested $1.12 million in Integra Robotics to support product delivery, market expansion, and development of its human-in-the-loop AI platform.

09 Jun 2026
TL;DR

Bitcoin at $63,400 (₹60.6L) and Ethereum near $1,700 (₹1.62L)

Bitcoin traded near $63,400 as institutional buying offset ETF outflow concerns, while investors awaited the June 10 US inflation report for clearer market direction.

09 Jun 2026
TL;DR

India slips in global market cap rankings amid AI chase

India’s market-cap decline reflects global AI-driven capital flows, not weakening fundamentals, as its diversified economy and domestic growth ensure long-term investment appeal.

09 Jun 2026
TL;DR

BlackRock launches STAR European ETF adding IPOs within 30 days

BlackRock introduces the iShares Space Technologies UCITS ETF, enabling newly listed space companies to join the index within 10 to 30 days.

09 Jun 2026
TL;DR

Zoho's Sridhar Vembu warns 'extreme AI frenzy' will cost buyers

Zoho CEO Sridhar Vembu challenges the global AI investment surge, advocating for long-term bets on overlooked sectors like metallurgy instead of following the "AI cash burn" trend.

09 Jun 2026
TL;DR

IndiGo shares rise on investor day's ambitious FY30 targets

IndiGo's share price soared over 4% on June 9, as brokerages reaffirmed bullish views following the airline's Investor Day, highlighting robust long-term growth prospects.

Acko wants to raise $300M via IPO at $2B valuation

Acko, a leading digital insurance provider, is gearing up to file its draft papers for an initial public offering (IPO) worth around $300 million.

09 Jun 2026
Sam Altman

Sam Altman's eye-scanning start-up, Tools for Humanity, is firing workers

Tools for Humanity, the iris-scanning start-up co-founded by Sam Altman, has announced layoffs.

09 Jun 2026
Paytm

Paytm to increase its headcount by 10%

Indian fintech giant Paytm has announced plans to hire around 4,000 employees over the next nine months.

09 Jun 2026
TL;DR

Natural rubber prices in India hit ₹267 per kg

Natural rubber prices have soared to ₹267 per kg, driven by global supply shortages, adverse weather conditions, and rising international demand amid disruptions in West Asia.

09 Jun 2026
TL;DR

Swara Baby Products backed by FirstCry to file ₹1,000Cr IPO

Swara Baby Products, a hygiene product manufacturer promoted by FirstCry, is set to file draft papers with SEBI in June for an IPO worth up to ₹1,000 crore.

09 Jun 2026
TL;DR

China's silver economy could reach 30 trillion yuan by 2035

China's rapidly ageing population is driving a booming "silver economy," projected to reach 30 trillion yuan by 2035, as businesses innovate to meet retirees' evolving needs.

09 Jun 2026
Indian Government

SpiceJet delays pilot salaries as it seeks government-backed loan

SpiceJet has delayed salary payments to many of its pilots since March, as per internal communications reviewed by Reuters.

09 Jun 2026
Europe

At TCS, AI agents could equal humans in 3 years

Tata Sons Chairman N Chandrasekaran has said that Tata Consultancy Services (TCS) could have as many artificial intelligence (AI) agents as human employees in three years.

09 Jun 2026
TL;DR

Vedanta Resources seeks $5.2bn refinance after S&P and Moody's upgrades

Vedanta Resources is set to refinance $5.2 billion in bonds and loans, aiming to lower borrowing costs following recent credit-rating upgrades by S&P Global and Moody’s Ratings.

09 Jun 2026
TL;DR

India fuel consumption rises 2.4% in May amid LPG shortfall

India's fuel consumption rose 2.4% month-on-month to 19.93 million metric tons in May, while LPG demand plunged 20% year-on-year due to Hormuz shipping disruptions and sanctions.

09 Jun 2026
TL;DR

RBI moves to ease overseas investor rules for listed companies

The RBI has announced plans to raise investment limits for NRIs, OCIs, and PROIs in listed Indian companies, simplifying access to Indian equities without SEBI registration.

09 Jun 2026
China

China's exports surge past expectations on booming AI demand

China's exports and imports grew faster than expected in May, driven by a surge in demand for artificial intelligence (AI) hardware.

09 Jun 2026
TL;DR

Rajiv Bajaj to exit Bajaj Finserv board after July 31

Rajiv Bajaj will exit the Bajaj Finserv board by July 2026, citing increased responsibilities at Bajaj Auto, including managing new businesses and the recent KTM acquisition.

09 Jun 2026
TL;DR

Indian markets recover as Sensex gains 350.57 and Nifty 114.50

Sensex climbed 350.57 points to 73,874.83, and Nifty rose 114.50 points to 23,237.50 in early trade on June 9, 2026, amid easing geopolitical tensions.

09 Jun 2026
TL;DR

Paytm to hire 4,000 by March 2027 to expand AI

Indian fintech giant Paytm plans to recruit 4,000 employees by March 2027, even as it lays off 1% of its workforce following performance appraisals.

09 Jun 2026
TL;DR

N Chandrasekaran predicts TCS will match AI agents with employees

Tata Sons Chairman N Chandrasekaran predicts TCS will deploy as many AI agents as human employees within three years, emphasizing AI as a transformative opportunity, not a threat.

09 Jun 2026
TL;DR

Redington shares jump nearly 5% after Apple's WWDC AI reveal

Redington shares jumped 5% after Apple unveiled a rebuilt Siri and advanced AI features at WWDC 2026, reflecting optimism over Redington's key distribution partnership with Apple.

09 Jun 2026
TL;DR

ICICI Bank becomes 2nd-biggest Nifty 50 stock pushing Reliance Industries

ICICI Bank overtakes Reliance Industries as the second-largest weighted stock in Nifty 50, driven by its higher free-float market capitalisation despite a smaller total market cap.

09 Jun 2026
TL;DR

Acko plans $300 million IPO by September 2026, targets $2B valuation

Acko, a digital insurance firm, aims to file draft papers for a $300 million IPO by September 2026, targeting a $2 billion valuation amid improving financial metrics.

09 Jun 2026
TL;DR

Kospi rebounds 8% as Samsung and SK Hynix rally

Samsung Electronics and SK Hynix surged as South Korea's Kospi rebounded 8%, recovering from a sharp AI-driven selloff that had triggered trading halts earlier this week.

09 Jun 2026
TL;DR

Heat waves cut productivity, pressure India's $39B apparel exports

Indian garment factories supplying Uniqlo and Tesco face up to 10% productivity losses due to extreme heat, impacting product quality, delivery reliability, and worker attendance.

09 Jun 2026
TL;DR

Cursor selects London as new European headquarters, targets 200 staff

Cursor, an AI-driven code-generation startup, has chosen London for its European headquarters, citing the city's vast tech talent pool and multilingual workforce.

09 Jun 2026
TL;DR

Global AI boom draws investors away from India stock market

India's underperformance stems from robust AI-driven earnings growth in the US, Korea, and Taiwan, while opportunities emerge in power infrastructure and speciality pharma sectors.

09 Jun 2026
TL;DR

China's crude imports hit 33 million tons amid Iran conflict

China's crude imports dropped to 7.8 million barrels a day in May, the lowest since October 2017, as the Iran war disrupted supply and Beijing avoided scrambling for replacements.

09 Jun 2026
Anthropic

Perplexity sticks with 2028 IPO plan

Artificial intelligence (AI) start-up Perplexity has confirmed its intention to go public in 2028. This decision comes despite the recent IPO filings from Anthropic and OpenAI.

09 Jun 2026
TL;DR

Paytm to hire 4,000 across product, tech and AI teams

Paytm will hire 4,000 employees, boosting its workforce by 10%, while cutting 1% of roles after appraisals, as it pivots to expand AI-driven products and merchant services.

Zepto founders face ED scrutiny over foreign investments

Quick commerce start-up Zepto has revealed that its co-founders Aadit Palicha and Kaivalya Vohra were summoned by the Enforcement Directorate (ED) earlier this year.

09 Jun 2026
TL;DR

Indian markets rally as Nifty climbs to 23,225 Sensex 73,867

The Sensex rose 400 points and Nifty neared 23,250 as easing geopolitical tensions and a boost in bank shares following RBI's forex swap facility lifted market sentiment.

09 Jun 2026
TL;DR

US court hearing could decide eligibility for $166B tariff refunds

A federal court hearing will address disputes over U.S. Customs' $166 billion tariff refund plan, focusing on eligibility and the pace of payouts following a Supreme Court ruling.

09 Jun 2026
TL;DR

Indian stocks rally, Sensex up 337 as Nifty tops 23,200

Sensex surged 337 points to 73,862, while Nifty rose 0.44% above 23,200 in early trade, driven by gains in realty and financial stocks amid easing Iran-Israel tensions.

09 Jun 2026
Zepto

Zepto files for $1B IPO

Zepto, a leading player in the quick commerce space, has filed its updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India(SEBI).

09 Jun 2026
Infosys

Infosys delays hiring tests for 20,000 candidates over cheating concerns

Infosys, a leading IT services company, has suspended online and in-person assessments for over 20,000 job seekers.

09 Jun 2026
TL;DR

SBI to plan YONO 3.0 after 4.5cr users, C.S. Setty

SBI Chairman Chella Sreenivasulu Setty confirmed that the bank will soon begin work on YONO 3.0, focusing on commercializing technology for smaller banks.

09 Jun 2026
TL;DR

RBI moves may attract $50 billion, stabilize 2035 bond yields

Indian government bonds are set to gain further, supported by declining oil prices and central bank measures aimed at attracting dollar inflows to stabilize the economy.

09 Jun 2026
Anthropic

OpenAI files for IPO

OpenAI, the artificial intelligence (AI) giant behind ChatGPT, has confidentially filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC).

09 Jun 2026
TL;DR

Rupee opens stronger at 95.48 after Iran Israel tensions ease

The Indian rupee opened 33 paise higher at 95.48 per dollar on June 9, supported by easing oil prices and a weaker dollar following reduced Iran-Israel tensions.

09 Jun 2026
TL;DR

Zepto boosts ESOP to 1.47 billion options as grants fall

Zepto allocated significant stock options to senior executives in FY26, with CFO Ramesh Bafna receiving the largest grant of 138.3 million options, as per its updated DRHP filing.

09 Jun 2026
TL;DR

China's May exports rise over 19% on AI hardware

China's exports soared over 19% in May, surpassing forecasts, driven by booming AI hardware demand. Imports also surged 27%, highlighting robust semiconductor trade.

09 Jun 2026
TL;DR

India named official partner country at VivaTech 2026 in Paris

India, as France's Official AI Partner Country at VivaTech 2026, will showcase its global leadership in AI, digital innovation, and technology-driven development.

09 Jun 2026
TL;DR

Iran war drives Indian inflation as oil and gas surge

India's economy grapples with rising costs as the Iran war disrupts oil supplies, inflating prices and pressuring growth, inflation, and government finances.

09 Jun 2026
TL;DR

Meta invests $115 million in America's Workforce Academy guaranteeing jobs

Meta is investing $115 million in a cost-free training program, America's Workforce Academy, to prepare data center technicians for its AI-driven infrastructure expansion.

09 Jun 2026
TL;DR

Infosys pauses tests for 20,000 applicants over impersonation, cheating

Infosys has deferred assessments for over 20,000 candidates after detecting impersonation and malpractice, reinforcing its verification processes to ensure recruitment integrity.

09 Jun 2026
TL;DR

Applied Digital signs $5.2B 15-year lease for Delta Forge 2

Applied Digital signed a 15-year, $5.2 billion lease with a U.S.-based hyperscaler for its Delta Forge 2 site, boosting shares by 8.7% in extended trading.

09 Jun 2026
TL;DR

Embraer eyes IAF contract with C-390 Millennium ahead of RFP

Brazilian aerospace giant Embraer is vying for India's military transport aircraft tender with its C-390 Millennium, partnering with Indian firms for local manufacturing and MRO.

09 Jun 2026
TL;DR

OpenAI files for US IPO, says going public 1 option

OpenAI has confidentially filed for a US IPO, announcing the move on social media while indicating it may delay market entry to focus on private company priorities.

09 Jun 2026
TL;DR

Perplexity commits to 2028 IPO despite Anthropic and OpenAI filings

AI firm Perplexity plans to go public in 2028, CEO Aravind Srinivas confirmed, stating the timeline remains unchanged regardless of Anthropic and OpenAI's upcoming market listings.

09 Jun 2026
TL;DR

India moves to 6th spot globally after South Korea slump

India has reclaimed the sixth spot in global market capitalization at $4.84 trillion, as South Korea's market cap plunged 10% due to sharp declines in chipmaker stocks.

09 Jun 2026
TL;DR

SpaceX IPO could hit $1.75T and gain MSCI fast-track inclusion

MSCI will apply early inclusion rules for large IPOs, paving the way for SpaceX's potential addition to its Global Standard Indexes after its $1.75 trillion IPO launch.

09 Jun 2026
TL;DR

Oil prices tick up after Iran, Israel reach temporary ceasefire

Oil prices edged higher as Iran and Israel paused hostilities after U.S. intervention, but investors remain cautious amid ongoing geopolitical uncertainty in the region.

09 Jun 2026
TL;DR

Articul8 raising $30 million to $50 million for India's heritage AI

Articul8, an AI company spun out of Intel in 2024, plans to raise $30-50 million for an India-based venture focused on Sanskrit and traditional knowledge systems.

09 Jun 2026
TL;DR

Infineon Technologies partners with CDIL, Kaynes to boost India chipmaking

Infineon Technologies partners with CDIL and Kaynes Semicon, transferring packaging expertise to bolster India's semiconductor manufacturing ecosystem.

09 Jun 2026
TL;DR

Ashish Dave announces Mumbai-based Sanskrit Capital seeking 700-1,000 cr

Ashish Dave, former head of Mirae Asset Venture Investments (India), is launching Sanskrit Capital, a Rs 700-1,000 crore fund focused on Series B and C startups.

09 Jun 2026
TL;DR

India's GCCs added nearly 200,000 net employees, outpacing IT services

Global capability centres (GCCs) are leading India's tech hiring, adding nearly 200,000 employees in FY26, driven by demand for AI and cloud expertise.

09 Jun 2026
TL;DR

ChatGPT reaches 1 billion monthly users as of May 2026

OpenAI's ChatGPT hit 1 billion users in three years, but Anthropic has overtaken it in business adoption, intensifying competition as both eye potential public market listings.

09 Jun 2026
TL;DR

Sachin Bansal's Navi seeks $300 million with potential $2B valuation

Navi Technologies, led by Flipkart cofounder Sachin Bansal, is in advanced talks with Prosus and Accel Growth Fund to raise $250-300 million at a valuation of $1.8-2 billion.

09 Jun 2026
TL;DR

AGNIT Semiconductors opens over 3Cr GaN chip lab in Bengaluru

AGNIT Semiconductors has launched a Rs 3 crore GaN testing lab at IISc Bengaluru, aiming to accelerate indigenous chip validation for defence and telecom applications.

09 Jun 2026
TL;DR

Tata Sons board meets Friday, reviews 2026 results, not reappointment

Tata Sons' board will not deliberate on chairman N. Chandrasekaran's third term during Friday's meeting, focusing instead on the group's FY26 performance and current fiscal plans.

09 Jun 2026
TL;DR

India's solar push hits setback as costs jump 20%

India's solar industry faces a 20% cost hike due to rising metal prices, currency fluctuations, and West Asia conflict-driven supply chain disruptions.

09 Jun 2026
TL;DR

Gold holds near $4,325 after Israel and Iran truce

Gold held steady near $4,325 an ounce as Israel and Iran agreed to halt missile strikes, easing tensions in the Middle East and calming global markets.

09 Jun 2026
TL;DR

Kalshi and Polymarket tighten rules on influencers spreading election misinformation

Kalshi and Polymarket now prohibit paid creators from spreading election misinformation, warning affiliates to remove such posts or risk losing sponsorship deals.

09 Jun 2026
TL;DR

India's institutions poured over ₹4L/cr into stocks in early 2026

Domestic institutional investors have poured over Rs 4 lakh crore into Indian equities in the first five months of 2026, despite market volatility and significant foreign outflows.

09 Jun 2026
TL;DR

Markets rally after Israel and Iran pause, President Trump push

Global stocks showed resilience as Wall Street rebounded on tech recovery, while oil prices eased after Iran and Israel signaled a pause in hostilities following U.S. mediation.

09 Jun 2026
TL;DR

Waymo buys Apple-linked 5,500-acre Arizona self-driving test site for $220 million

Waymo purchased a 5,500-acre proving ground in Arizona for $220 million from a Delaware shell company linked to Apple, expanding its autonomous vehicle testing capabilities.

09 Jun 2026
TL;DR

Enforcement Directorate questions Zepto founders before IPO, Zepto warns investors

Zepto founders Aadit Palicha and Kaivalya Vohra were summoned by the Enforcement Directorate over foreign investments and financial disclosures ahead of the company's IPO.

09 Jun 2026
TL;DR

Donald Trump seeks 60-day extension in $475 million CNN defamation case

Former President Donald Trump plans to petition the Supreme Court to reinstate his $475 million defamation lawsuit against CNN, challenging a lower court's dismissal of the case.

09 Jun 2026
TL;DR

Sir Dorabji Tata Trust trustees avoid discussing 1989 transfer

The Sir Dorabji Tata Trust board convened on Monday to address routine matters, as allegations surrounding a 1989 Tata Sons share transfer resurfaced.

09 Jun 2026
TL;DR

US airlines face 78% surge in April jet fuel costs

Jet fuel prices surged 78% year-over-year in April, driven by the Strait of Hormuz shutdown, which has disrupted global oil transport and strained airline profitability worldwide.

09 Jun 2026
TL;DR

ISS criticizes Warner Bros. Discovery executive pay in $110B merger

Proxy adviser ISS has urged Warner Bros Discovery shareholders to reject executive compensation plans, citing CEO David Zaslav's "extremely large" potential $887 million payout.

08 Jun 2026
Meta

Why Meta has taken legal action against NSO Group

Meta has filed a contempt filing against Israeli spyware firm NSO Group for violating a permanent injunction that prohibits it from targeting WhatsApp and its users.

08 Jun 2026
McDonald's

AI is now taking orders at McDonald's drive-thru restaurants

McDonald's is testing a new artificial intelligence (AI)-driven drive-thru order-taking system, ArchIQ.

You can soon invest in corporate bond-index derivatives in India

The Securities and Exchange Board of India (SEBI) is working with the Reserve Bank of India (RBI) to introduce derivatives linked to corporate bond indices.

08 Jun 2026
Climate Change

Aviation industry unlikely to meet net-zero emissions goal by 2050

The aviation industry, which pledged to achieve net-zero carbon emissions by 2050, is now doubting its ability to meet this target.

08 Jun 2026
Reserve Bank Of India (RBI)

RBI measures may draw foreign investments worth $50-60B in India

ICICI Securities has projected that India could see an influx of $50-60 billion in foreign investments in the coming months.

08 Jun 2026
Europe

TCS wins multi-million euro deal from Canada Life

Tata Consultancy Services (TCS) has won a multi-year, multi-million euro contract from Canada Life, one of the world's leading life and pensions insurers.

08 Jun 2026
Ashwini Vaishnaw

Indian Railways to launch new ticket reservation system from August

Indian Railways is gearing up for a major upgrade of its Passenger Reservation System (PRS) from August.

08 Jun 2026
Mutual Funds

SEBI weighs reforms to stockbroking, IPO, and research analyst norms

The Securities and Exchange Board of India (SEBI) is considering a host of reforms to improve market efficiency.

08 Jun 2026
China

Kimi maker Moonshot AI eyes $30B valuation in latest round

Moonshot AI, the company behind the Kimi chatbot, is in talks to raise up to $2 billion. The funding would increase its valuation to a whopping $30 billion.

08 Jun 2026
Indian Economy

At $122B, engineering goods become India's top export category

India's engineering sector has become the country's largest merchandise export segment, accounting for over 25% of total goods exports.

08 Jun 2026
HDFC Bank

HDFC Bank delays CEO reappointment decision amid legal review

HDFC Bank's board is delaying the decision on CEO Sashidhar Jagdishan's reappointment.

08 Jun 2026
OpenAI

Walmart tells employees AI will assist, not replace them

Walmart, the world's largest retailer, has assured its employees that artificial intelligence (AI) is here to assist them in their work rather than replace them.

You can now withdraw entire PF balance in emergency situations

The Employees' Provident Fund Organisation (EPFO) has introduced a major change in its rules, allowing members to withdraw their entire provident fund (PF) balance under certain special circumstances.

CMR Green IPO allotment today: How to check status online

CMR Green Technologies' initial public offering (IPO) has attracted strong investor interest.

08 Jun 2026
Central Government

8th Pay Commission delay could lead to arrears worth lakhs

The implementation of the 8th Pay Commission, which was originally due on January 1, 2026, has been delayed.

Rajesh Exports shares hit lower circuit for 3rd consecutive day

Rajesh Exports' stock has hit its lower circuit limit for the third straight trading session.

Carlsberg wants to raise $700M via IPO in India

Danish brewer Carlsberg A/S is gearing up to file draft papers for an initial public offering (IPO) of its Indian unit, possibly this month.

08 Jun 2026
Adani Ports

Adani Ports makes South America debut with $70M contract

Adani Ports and Special Economic Zone (APSEZ) has won a 10-year marine services contract for Argentina's first liquefied natural gas (LNG) export project.

08 Jun 2026
Madhya Pradesh

Sensodyne maker setting up manufacturing plant in India for ₹2,000cr

Haleon, the company behind popular sensitivity toothpaste Sensodyne, has announced its plan to invest £175 million (approximately ₹2,000 crore) in a new manufacturing facility in India, as per Mint.

08 Jun 2026
India

India seeks inclusion in Bloomberg's global bond index

India is set to reapply for inclusion in major global bond indices, including the Bloomberg Global Aggregate Index.

08 Jun 2026
Fitch Ratings

Oil market will see oversupply after Hormuz reopening: Fitch Ratings

Fitch Ratings has predicted that the global oil market will return to oversupply after the reopening of the Strait of Hormuz.

08 Jun 2026
Russia

'Make in Russia for India' model pitched for fertilizer JVs

India's Ambassador to Moscow, Vinay Kumar, has pitched the 'Making in Russia for India' model.

08 Jun 2026
Indian Government

Will Rajesh Exports be dropped from Modi government's PLI scheme?

The Ministry of Heavy Industries (MHI) is considering removing Rajesh Exports from its production-linked incentive (PLI) scheme for advanced chemistry cell (ACC) battery storage.

Why Curefoods has delayed its ₹800cr IPO plan

Curefoods, a leading cloud kitchen platform, has decided to delay its ₹800 crore initial public offering (IPO) plan.

08 Jun 2026
Piyush Goyal

India will tackle Trump's Section 301 tariffs, says Piyush Goyal

Commerce and Industry Minister Piyush Goyal has downplayed concerns over the proposed 12.5% tariffs by the Trump administration on India and 53 other countries.

08 Jun 2026
Federal Reserve

Why Nifty IT is down over 8% in 4 sessions

The Nifty IT index has witnessed a major slump, declining by 1.8% to 28,500 in morning trade today.

08 Jun 2026
State Bank of India (SBI)

Why ATMs in small towns, cities are running dry

The Confederation of ATM Industry (CATMi) has warned that ATMs in tier 2 and tier 3 cities are facing severe cash shortages.

08 Jun 2026
IndiGo

IndiGo unveils 2030 vision with 550-aircraft fleet

IndiGo parent InterGlobe Aviation Ltd has announced an ambitious growth strategy aimed at making it a key player in the global aviation sector by 2030.