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Business News

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02 Jun 2026
TL;DR

SEBI clears Prism IPO up to $800 million for Oyo parent

Prism, the parent company of travel tech unicorn Oyo, has received Sebi's approval to launch a Rs 6,650 crore IPO, aiming for a valuation of USD 7-8 billion.

02 Jun 2026
TL;DR

India launches new PPI and updated WPI on June 15

India is introducing a new Producer Price Index and revamped Wholesale Price Index from June 15, aiming to align with global standards and better capture evolving price trends.

02 Jun 2026
TL;DR

Sensex jumps 800 points on heavy buying and short covering

Sensex soared 800 points within an hour on June 2, driven by short covering and strong buying in heavyweight stocks across IT, auto, FMCG, and realty sectors.

02 Jun 2026
TL;DR

India's deep tech startups raise $1.1B by June, RDI scheme

India's deeptech startups raised $1.1 billion by June 2026, nearing 80% of 2025's total, as VCs increase cheque sizes and focus on early-stage investments.

02 Jun 2026
TL;DR

Indians can use UPI via KHR at 4.5 million Cambodia locations

Indian tourists can now use UPI-enabled apps to make real-time QR code payments at over 4.5 million merchant locations across Cambodia via the KHQR network.

02 Jun 2026
TL;DR

Urban Company closes Saudi Arabia operations to prioritize profitability

Urban Company has voluntarily ceased operations in Saudi Arabia after its subsidiary's commercial registration was cancelled, prioritizing profitability over expansion.

02 Jun 2026
TL;DR

Comviva survey: 90% raised AI marketing spend, 12% track revenue

90% of firms boosted AI marketing investments recently, yet only 12% can quantify its revenue impact, highlighting challenges in measuring tangible business outcomes.

02 Jun 2026
TL;DR

OPPO and Instagram launch Lumo program in India for creators

OPPO collaborates with Instagram to support India's creator economy, launching the Oppo Lumo program with mentorship, content challenges, and improved video quality.

02 Jun 2026
TL;DR

IEA warns Hormuz blockage could hurt world economy this summer

The International Energy Agency cautions that prolonged Strait of Hormuz disruptions beyond June could push the global economy, especially Asia, into a critical "red zone."

02 Jun 2026
TL;DR

Cognizant predicts AI could disrupt 90% of jobs by 2032

AI's impact on jobs is advancing faster than expected, with disruption now 30% higher than forecasts and skilled trades like plumbing and electrical work increasingly affected.

02 Jun 2026
ChatGPT

AI creates 13 new jobs at this software company

While many tech companies are letting employees go, a Silicon Valley software firm is doing the opposite.

02 Jun 2026
TL;DR

Survey of 12,000: CEOs expect AI cuts within 2 years

A global Mercer survey reveals over 99% of executives expect AI to reduce employee headcounts within two years, reshaping workforce dynamics rapidly.

02 Jun 2026
TL;DR

Bill Gurley and Jason Calacanis criticize Anthropic's AI ambitions

Veteran investors Bill Gurley and Jason Calacanis criticize Anthropic, accusing its leaders of harboring delusions of grandeur and likening their AI ambitions to creating a deity.

02 Jun 2026
TL;DR

OpenAI Anthropic and SpaceX plan major IPOs with large valuations

OpenAI, Anthropic, and SpaceX are nearing historic public offerings, testing Wall Street's appetite for trillion-dollar valuations in the booming artificial intelligence sector.

02 Jun 2026
TL;DR

Amazon India expands Amazon Now from 20 to 100 cities

Amazon India is accelerating its quick commerce push by expanding Amazon Now to 100 cities, leveraging the robust supply chain built for Amazon Fresh.

02 Jun 2026
TL;DR

Alkem Laboratories launches India's 1st single use prefilled semaglutide syringes

Alkem Laboratories introduces India's first single-shot pre-filled semaglutide syringes at Rs 350, enhancing accessibility and affordability for diabetes and obesity management.

02 Jun 2026
TL;DR

Adani portfolio posts record ₹1.5L cr investment in infrastructure 2025-26

Adani Portfolio achieved India's highest-ever annual corporate capex of Rs 1,52,967 crore ($16.1 billion) in FY26, with its asset base reaching Rs 7,85,098 crore ($82.2 billion).

02 Jun 2026
TL;DR

Crisil warns ₹7.5/l fuel rise could lift prices in India

Higher fuel prices are driving up transportation expenses, potentially increasing the cost of essential goods like food and household items, a Crisil report warns.

02 Jun 2026
TL;DR

Citigroup upgrades Vodafone Idea to Buy with ₹17 target

Citi has upgraded Vodafone Idea to 'Buy', removing its 'High Risk' tag, citing AGR relief, equity infusion by Aditya Birla Group, and aggressive 4G/5G investment plans.

02 Jun 2026
TL;DR

Reliance and SoftBank-backed Netradyne in advanced talks with Indian GCCs

Netradyne, an AI-powered fleet safety unicorn, is in advanced discussions with India's top global capability centres to expand its footprint in the employee transportation segment.

02 Jun 2026
TL;DR

Crisil warns current ₹7.5/liter fuel jump could raise India inflation

Rising petrol and diesel prices in India are driving up transport and manufacturing costs, with Crisil warning of broader inflationary impacts on food and core sectors.

02 Jun 2026
TL;DR

Gold jumps over 1% as oil drop eases inflation concerns

Gold climbed over 1% as falling oil prices eased inflation concerns, while declining US Treasury yields bolstered the appeal of the non-yielding precious metal.

02 Jun 2026
TL;DR

Rupee slide to ₹94.94 raises AI costs for Indian startups

Indian startups are adopting cost-cutting measures like optimizing token usage and purchasing AI credits in advance as a weaker rupee raises dollar-priced AI service expenses.

02 Jun 2026
TL;DR

Centre raises 3.6L/cr in April 2026, foreign inflows net 1940.59cr

The Centre raised ₹3.6 trillion through domestic financing in April, nearly doubling last year’s figure, ensuring robust support for infrastructure and welfare spending in FY27.

02 Jun 2026
Inflation

How Producer Price Index will help measure India's inflation

India is set to launch its first-ever Producer Price Index (PPI) to measure inflation.

02 Jun 2026
Mother Dairy

Mother Dairy will soon sell milk in naturally degradable pouches

Mother Dairy, a leading milk supplier in India, has launched the country's first naturally degradable milk pouch.

02 Jun 2026
Infosys

Infosys shares up 6% after rolling out AI-backed journalism tool

Infosys's shares rose by over 6% today, following the company's announcement of an artificial intelligence (AI)-powered editorial recommendation engine.

02 Jun 2026
Amazon

Zomato, Swiggy, Amazon, Meesho and Zepto form new industry body

India's leading e-commerce companies have formed a new industry-led platform called the Digital Commerce Coalition.

02 Jun 2026
Jensen Huang

Amid AI boom, Jensen Huang warns not to underpay employees

NVIDIA CEO Jensen Huang has weighed in on the ongoing debate over fair employee compensation amid the AI boom.

02 Jun 2026
TL;DR

Oracle to cut 30,000 jobs amid cloud and AI pivot

Oracle is finalizing 30,000 job cuts by June 15, despite reporting a 22% revenue surge and booming AI and cloud growth in fiscal 2026.

02 Jun 2026
TL;DR

India Naukri index rises as AI and freshers boost hiring

India's white-collar hiring remained flat in May, but strong demand for AI talent, especially senior professionals, offset declines in sectors like banking and telecom.

02 Jun 2026
TL;DR

ONDC secures ₹220cr from Zoho, Uber, Paytm and BSE Technologies

The Open Network for Digital Commerce (ONDC) has secured Rs 220 crore from Zoho, Uber, Paytm, and BSE Technologies to boost its government-backed digital commerce initiatives.

02 Jun 2026
TL;DR

Study: Remote work not AI hurting recent grads' job prospects

New research from the New York Fed reveals remote work, not AI, has significantly increased unemployment among recent college graduates since the pandemic.

02 Jun 2026
TL;DR

India meets US and UK over steel taxes, possible tariffs

India aims to secure exemptions for steel exports and tariffs in critical trade discussions with the US and UK, amid geopolitical uncertainties impacting its export markets.

02 Jun 2026
TL;DR

Mother Dairy to launch India's 1st naturally degradable milk pouch

Mother Dairy has launched India's first naturally degradable milk pouch, designed to break down into natural elements in soil, ensuring environmental sustainability.

02 Jun 2026
TL;DR

Morgan Stanley: India trails emerging markets on AI, oil worries

Indian equities are underperforming emerging markets due to AI concerns and oil risks, but Morgan Stanley predicts a rebound driven by earnings growth and capital spending.

02 Jun 2026
TL;DR

Vadodara plans India's 1st public blue municipal bond, ₹200cr

Vadodara Municipal Corporation aims to raise ₹200 crore by July-August through India's first public blue municipal bond, funding water-management projects.

02 Jun 2026
TL;DR

Survey finds 41% of urban Indians stressed pursuing financial goals

A ManipalCigna study reveals 41% of urban Indians experience stress from pursuing financial goals, highlighting the growing tension between wealth creation and overall well-being.

02 Jun 2026
TL;DR

Infosys shares jump over 6% after launching Editorial Link Intelligence

Infosys shares rose over 6% as the company unveiled Editorial Link Intelligence (ELI), an AI-powered journalism tool developed with Germany's Handelsblatt Media Group.

02 Jun 2026
TL;DR

Tencent shares jump 10% as WeChat AI agent testing revealed

Tencent shares soared up to 10% in Hong Kong after reports revealed the company is testing a prototype AI agent for its popular WeChat service, fueling investor optimism.

02 Jun 2026
TL;DR

STMicroelectronics raises 2026 data center revenue forecast to $1B

STMicroelectronics raised its 2026-2027 data centre revenue forecasts, driven by strong AI infrastructure demand, pushing shares to €65.21—their highest level since September 2000.

02 Jun 2026
TL;DR

OpenAI reportedly seeks $1T valuation while Anthropic files for IPO

Anthropic and OpenAI are vying for dominance as both prepare record-breaking IPOs, with Anthropic surpassing OpenAI in valuation and sales momentum.

02 Jun 2026
TL;DR

India launches 1st-ever Producer Price Index to track inflation

India is launching its first Producer Price Index, tracking prices across goods and services, modernizing inflation measurement and aligning with global economic practices.

02 Jun 2026
TL;DR

Japan's Nikkei slips 0.3% on oil and U.S.-Iran ceasefire uncertainty

Japan's Nikkei share average fell 0.3% on Tuesday from a record high, as investors weighed fragile Middle East peace talks and rising oil prices, dampening market optimism.

02 Jun 2026
TL;DR

Godrej Industries enters wealth management after profits jump 143%

Godrej Industries has announced its foray into wealth management under its financial services segment, diversifying beyond lending operations managed by Godrej Financial Services.

02 Jun 2026
TL;DR

Meesho and BSE launch Project Shikhar for BSE SME listings

Meesho has collaborated with the BSE to launch Project Shikhar, enabling MSMEs and e-commerce sellers to transition into publicly listed companies via the BSE SME platform.

02 Jun 2026
Reddit

Delhi start-up seeks pay cuts from staff after ₹2cr error

A Delhi-based tech company has come under fire for asking its employees to bear the brunt of a ₹2 crore loss caused by a single employee's mistake.

02 Jun 2026
India

India-UK FTA: New Delhi might reconsider Scotch whisky tariff cuts

India has warned that it may reconsider major concessions under the India-UK Free Trade Agreement (FTA), including tariff cuts on Scotch whisky.

02 Jun 2026
Coca-Cola

Coca-Cola's Indian bottling subsidiary may get listed in 2027

Coca-Cola is considering an initial public offering (IPO) for its Indian bottling subsidiary, Hindustan Coca-Cola Holdings.

02 Jun 2026
BharatPe

BharatPe Flex lets you make UPI payments on credit

BharatPe, a financial services and UPI payments firm in India, has launched 'BharatPe Flex.'

02 Jun 2026
Indian Government

You can give suggestions to 8th-Pay Commission till June 15

The 8th Central Pay Commission (CPC) has extended the deadline for submitting the memorandums and suggestions to June 15.

02 Jun 2026
Indian Government

Reporting cyberattacks on India's financial sector might soon become easier

The Indian government is working on a unified system for reporting and responding to cyberattacks across the financial sector, Moneycontrol has reported.

02 Jun 2026
Google

Alphabet seeks $80B to fund AI expansion

Google's parent company, Alphabet, has announced plans to raise $80 billion through a series of stock sales. The move includes a big investment deal with Berkshire Hathaway.

02 Jun 2026
TL;DR

EPFO warns e-nomination invalid without Aadhaar e-sign, beneficiaries affected

EPFO members must e-sign their e-nomination via Aadhaar authentication; without this step, nominees cannot claim EPF, EPS, and EDLI benefits in case of the member's death.

02 Jun 2026
TL;DR

GMDC, University of Cambridge launch India's 1st AI REE observatory

Gujarat Mineral Development Corporation Ltd is investing £600,000 to develop India’s first AI-powered rare earth supply chain observatory with the University of Cambridge.

02 Jun 2026
Samsung Electronics

South Korea overtakes India as 6th-largest stock market

South Korea's stock market has overtaken India's to become the world's sixth largest.

02 Jun 2026
TL;DR

In India digital NBFCs disburse 132 million loans worth 2.15L cr

Digital-first NBFCs disbursed 77% of personal loans by volume in FY26, reflecting their growing role as the primary channel for small-ticket consumer credit across India.

02 Jun 2026
TL;DR

Morgan Stanley's Chetan Ahya says India needs no rate increase

India doesn't face inflation or current account deficit issues, says Morgan Stanley's Chetan Ahya, adding that raising rates now could hinder growth and deter equity investments.

02 Jun 2026
Canada

Why Florida is suing OpenAI and Sam Altman

Florida Attorney General James Uthmeier has filed a lawsuit against OpenAI and its CEO Sam Altman.

02 Jun 2026
TL;DR

AI causes 1% to 3% revenue pressure for Indian IT

AI is causing immediate revenue pressures in Indian IT, but Sushovan Nayak highlights enduring opportunities in modernization, enterprise AI, and evolving business models.

02 Jun 2026
TL;DR

NVIDIA unveils RTX Spark at Computex to enter AI PCs

Nvidia CEO Jensen Huang announced at Computex 2026 that the company has secured sufficient supply to support robust growth in its CPU and GPU sectors despite ongoing constraints.

02 Jun 2026
TL;DR

Foreign investment in Indian stocks at ₹7.3L/cr lowest since 2016

Foreign portfolio investments in Indian equities have dropped to Rs 7.3 lakh crore, the lowest since 2016, driven by global shifts and economic concerns.

02 Jun 2026
TL;DR

Nifty IT index rises nearly 8% on Infosys, TCS gains

The Nifty IT index has soared 8% in three sessions, driven by a renewed AI-driven rally, with Infosys and TCS leading intraday gains of over 5%.

02 Jun 2026
TL;DR

Alphabet announces $80B raise amid nearly $700B AI plans

Big Tech is set to spend nearly $700 billion on AI in 2026, even as layoffs surpass 92,000 for the year, highlighting a paradox of investment and workforce reduction.

02 Jun 2026
TL;DR

India's industrial production rises 4.9% in April 2026, pace slows

India's capital goods sector recorded a remarkable 16% growth in April 2026, outpacing overall industrial production growth of 4.9%, according to Bank of Baroda's IIP report.

02 Jun 2026
TL;DR

Chinese robotics companies race to lead amid IPO wave

Chinese robotics firms, including Unitree Robotics, are advancing toward IPOs, aiming to fund R&D and solidify leadership in humanoid robotics and physical AI.

02 Jun 2026
TL;DR

OpenAI to increase India investment after 27-fold Codex growth

OpenAI plans to expand its presence in India by increasing investments in local teams and partnerships, driven by the rapid adoption of Codex and a thriving startup ecosystem.

02 Jun 2026
Warren Buffett

Berkshire Hathaway invests $10B in Google parent

Berkshire Hathaway has made a major investment in Alphabet, the parent company of Google. The conglomerate, now led by Greg Abel, has invested $10 billion through a private stock purchase.

02 Jun 2026
TL;DR

Salil Parekh earns ₹82.6cr, nearly triple K Krithivasan's ₹28.1cr

Infosys CEO Salil Parekh earned ₹82.6 crore in FY26, nearly three times the ₹28.1 crore remuneration of TCS CEO K Krithivasan, driven by stock-linked benefits.

02 Jun 2026
TL;DR

Eighth Central Pay Commission pushes suggestions deadline June 15, 2026

The 8th Central Pay Commission has extended the memorandum submission deadline to June 15, allowing stakeholders more time to present their demands before final recommendations.

02 Jun 2026
TL;DR

Walmart introduces token limits for Code Puppy after costs surge

Walmart has joined companies like Microsoft and Uber in capping employee use of AI tools, including its in-house assistant Code Puppy, due to rising operational costs.

02 Jun 2026
TL;DR

Oil close to $95 a barrel amid Hormuz route concerns

Oil prices hovered near $95 per barrel as tensions in West Asia raised concerns over potential disruptions to the critical Strait of Hormuz, a key global oil shipping route.

02 Jun 2026
Anil Agarwal

ED raids Vedanta Group offices in FEMA case

The Enforcement Directorate (ED) has launched a raid at the offices of Vedanta in Mumbai and Delhi.

02 Jun 2026
TL;DR

Wockhardt stock falls 9% after 3 day zaynich rally

Wockhardt shares fell 9% in early trade as investors booked profits following a sharp 36.77% rally driven by USFDA and CDSCO approvals for its novel antibiotic Zaynich.

02 Jun 2026
TL;DR

Eighth Pay Commission weighs 3,490 calorie benchmark for central salaries

The 8th Pay Commission may adopt a calorie-based formula, linking salaries to updated nutritional benchmarks and modern living costs for central government employees.

02 Jun 2026
TL;DR

EPFO to enable instant PF withdrawals via UMANG UPI soon

EPFO's new UPI-enabled system allows eight crore members to withdraw Provident Fund instantly, eliminating manual approvals and reducing processing time from weeks to seconds.

02 Jun 2026
TL;DR

Report says India's farms ready for AI crop planning, trading

Primus Partners' report outlines six policy interventions to accelerate AI adoption in Indian agriculture, emphasizing inclusivity, trust, and actionable insights for farmers.

02 Jun 2026
TL;DR

Berkshire spends $10B on Alphabet, buys Taylor Morrison for $6.8B

Greg Abel has swiftly committed $16.8 billion in two days, signaling a strategic shift for Berkshire Hathaway with major investments in Alphabet and Taylor Morrison Home Corp.

02 Jun 2026
TL;DR

Jensen Huang links N1X launch to billions of AI agents

Nvidia CEO Jensen Huang highlighted AI's transformation into a profit and GDP generator, driven by rising demand for compute infrastructure and agentic AI tools.

02 Jun 2026
TL;DR

Serum Institute to make trial Ebola vaccine using Oxford-AstraZeneca technology

The Serum Institute of India will manufacture clinical trial doses of Oxford's experimental Ebola vaccine, supported by $8.6 million CEPI funding.

02 Jun 2026
TL;DR

Emkay's Nirav Sheth says India missing out on AI wave

India's structural lag in the AI revolution is driving foreign investor outflows, says Nirav Sheth, urging focus on high-growth companies amid macroeconomic challenges.

02 Jun 2026
TL;DR

NVIDIA's Jensen Huang spotlights robotics, energizes South Korea AI ties

South Korean tech stocks experienced sharp fluctuations as Nvidia's robotics and AI focus spurred gains in robotics shares while triggering profit-taking in others.

02 Jun 2026
TL;DR

Coforge launches Nexa Agentic AI platform, shares rise over 2%

Coforge shares surged over 2% after unveiling the Nexa Agentic AI Platform, designed to enhance insurance operations by integrating advanced AI capabilities with existing systems.

02 Jun 2026
TL;DR

Sensex climbs 300 as Nifty crosses above 23,300 on Tuesday

Sensex rebounded 300 points from the day's low, while Nifty reclaimed the 23,300 mark on June 2, driven by value buying, easing volatility, and gains in IT stocks.

02 Jun 2026
TL;DR

NVIDIA CEO Jensen Huang says AI will boost software innovation

Nvidia CEO Jensen Huang joins TCS, Salesforce, and SAP leaders in asserting that agentic AI is driving transformative growth opportunities for adaptable software companies.

02 Jun 2026
TL;DR

Sterlite Technologies hits 52-week high on $1B deal, $100 million expansion

Sterlite Technologies shares soared over 4%, hitting a 52-week high of Rs 591.35, driven by a major block deal and growing investor enthusiasm for AI-linked infrastructure growth.

02 Jun 2026
TL;DR

Oil prices slip as uncertainty surrounds U.S.-Iran ceasefire talks

Crude oil futures dipped on Tuesday morning, with August Brent at $94.28 and July WTI at $91.42, as ceasefire talks between the US and Iran remain uncertain.

02 Jun 2026
TL;DR

HUL opens UFB at IIT Bombay to boost fragrance innovation

Hindustan Unilever Limited inaugurated the Unilever Fragrance Hub at IIT Bombay, marking India as the third global location for this advanced fragrance innovation facility.

02 Jun 2026
TL;DR

India building unified cyberattack reporting system across financial sector

The government plans a unified cyber incident reporting mechanism for India’s financial sector to address spillover risks and enhance cross-sector response efficiency.

02 Jun 2026
TL;DR

Bitcoin's dip to $70,159 wiped out over 152,000 traders

Bitcoin dropped to $70,159 before recovering to $70,849 as liquidations neared $744 million; geopolitical uncertainties and leveraged unwinding fueled the decline.

02 Jun 2026
TL;DR

Indian rupee slips to 95.06 amid US and Iran tensions

The rupee slipped 7 paise to 95.06 per dollar on June 2, as US-Iran tensions and foreign investor outflows dampened market sentiment.

02 Jun 2026
Anthropic

Anthropic files for IPO

Anthropic, a leading artificial intelligence (AI) company and the creator of the popular Claude AI model, has officially kicked off its initial public offering (IPO) process.

02 Jun 2026
TL;DR

RBI staff drop to 13,220 as pensions push costs higher

The Reserve Bank of India’s workforce fell by 2.2% in 2025 to 13,220 employees, even as employee expenditure surged 10.8% due to increased pension-related costs.

02 Jun 2026
TL;DR

Indian gold crosses ₹159,000 per 10gm amid international tensions

Gold prices on MCX surged above ₹1.59 lakh per 10 grams, while silver remained steady, as global bullion markets reacted to uncertainty over US-Iran peace talks.

02 Jun 2026
TL;DR

Donald Trump announces 25% to 15% tariff cut through 2027

US President Donald Trump has reduced tariffs on agricultural and industrial equipment from 25% to 15%, aiming to lower costs and boost domestic investment.

02 Jun 2026
TL;DR

Alphabet raises $80 billion for AI infrastructure with Berkshire Hathaway

Google’s parent company, Alphabet, is raising $80 billion to expand its AI infrastructure, following trillion-dollar valuations and IPO plans from Anthropic and SpaceX.

02 Jun 2026
TL;DR

Zhipu AI plans STAR Market IPO offering 2% to 8%

Zhipu AI, a leading Chinese AI firm, plans to apply for a listing on Shanghai's Sci-Tech Innovation Board, aiming to issue 2%-8% of its total share capital.

02 Jun 2026
TL;DR

Hewlett Packard Enterprise posts record quarter on AI demand

Hewlett Packard Enterprise raised its financial targets by two years, driven by surging AI data center demand, as shares soared 36% following record second-quarter results.

02 Jun 2026
TL;DR

Donald Trump rolls out copper aluminum iron import rules

President Trump signed a proclamation reducing tariffs on select metal imports and equipment, aiming to stimulate U.S. industrial growth through revised trade policies.

02 Jun 2026
TL;DR

Blackstone raises $13.1B Asia private equity fund above $10B goal

Blackstone has secured $13.1 billion for its third Asia private equity fund, doubling the size of its 2021 pool and surpassing its $10 billion target.

02 Jun 2026
TL;DR

Andhra Pradesh posts record ₹4,987cr May GST via tech compliance

Andhra Pradesh achieved its highest-ever GST revenue of Rs 4,987 crore in May 2026, marking a 19% year-on-year growth driven by compliance measures and technology integration.

02 Jun 2026
TL;DR

Joseph Anantharaju says token control will shape AI budgets

Enterprises will increasingly prioritize token consumption and optimization in AI budgeting next year as they grasp the rising costs of large language model usage.

02 Jun 2026
TL;DR

India exports rise 14% to $43.56bn as deficit reaches $28.38bn

India's exports surged by 13.78% to USD 43.56 billion in April FY27, marking the highest monthly outbound shipments in over four years, despite a widening trade deficit.

02 Jun 2026
TL;DR

Coca-Cola explores IPO for HCCB, India's largest bottler, 2027 listing

Coca-Cola is exploring a 2027 stock market debut for Hindustan Coca-Cola Beverages, its largest Indian bottler, while planning to retain investment despite selling a partial stake.

02 Jun 2026
TL;DR

Indian insurers shake up cyber risk assessment after IRDAI push

Indian insurers are overhauling cyber risk models after IRDAI raised concerns about generative AI threats like deepfake fraud and AI-enabled phishing.

02 Jun 2026
TL;DR

Indian semiconductor startups raise $92 million in early 2026 amid DLI

Indian semiconductor startups raised $92 million in early 2026, nearly quadrupling 2025's total, driven by government incentives and increasing production activity.

02 Jun 2026
TL;DR

Tata Sons trims Tata Digital valuation by 5.5% to $10.3bn

Tata Sons reduced Tata Digital's valuation by 5.5% during its latest ₹3,000 crore cash infusion, reflecting a reset in expectations amid mounting losses.

02 Jun 2026
TL;DR

NVIDIA accelerates H-1B hiring, landing about 1,200 certifications H1 FY26

Nvidia's H-1B filings highlight software engineers earning nearly ₹3.74 crore in base pay as the AI leader aggressively expands its workforce amid intensifying global competition.

02 Jun 2026
TL;DR

Amazon, Meesho, Swiggy, Zepto and Eternal launch digital commerce coalition

Leading ecommerce companies, including Amazon and Meesho, have launched the Digital Commerce Coalition to enhance customer experiences and support small businesses.

02 Jun 2026
TL;DR

Mitsubishi UFJ Financial Group launches $250 million Indian fintech fund

Japan's MUFG is setting up a $250 million fund targeting early and growth-stage Indian startups, focusing on fintech, as global investors scale back their activity in the region.

02 Jun 2026
TL;DR

Mint poll finds India economy likely grew 7.3% Jan-Mar 2026

India's GDP likely grew 7.3% year-on-year in Q4 FY26, down from 7.8% in the previous quarter, supported by domestic demand and government spending despite global uncertainties.

02 Jun 2026
TL;DR

India slips to 7th as Taiwan South Korea pass $5T

India slips to seventh in global market capitalisation as South Korea's $5.04 trillion valuation edges past India's $4.84 trillion, driven by an AI and semiconductor boom.

02 Jun 2026
TL;DR

Hyderabad-based Coempt Edu Teck beats TCS, wins CBSE e-evaluation contract

Hyderabad-based Coempt Edu Teck secured CBSE’s OSM contract, outscoring TCS in technical evaluation and submitting a financial bid nearly 60% lower than its competitor.

02 Jun 2026
TL;DR

BofA sets Nifty 26,200 warns West Asia crisis, AI investment

Candace Browning of BofA Global Research highlights that policy reforms and the peak of global AI capex could renew foreign investor interest in India.

02 Jun 2026
TL;DR

Alphabet raising $80B to boost AI infrastructure with $30B offering

Alphabet's stock price rose after announcing an $80 billion fundraising plan to expand AI infrastructure, including a $10 billion investment from Berkshire Hathaway.

02 Jun 2026
TL;DR

US dollar rebounds after U.S.-Iran talks pause over Lebanon attacks

The U.S. dollar rose Monday as markets assessed fragile Middle East peace talks, following heightened tensions between the U.S. and Iran over the weekend.

02 Jun 2026
TL;DR

Maya Tata mulls exit to Trent amid Tata Digital losses

Maya Tata, daughter of Noel Tata, is considering leaving Tata Digital amid restructuring, exploring roles in other Tata Group companies like Trent and Tata Consumer Products.

02 Jun 2026
TL;DR

UK factories see fastest 4 year growth as firms stockpile

UK manufacturing expanded at its fastest pace in four years this May, driven by businesses advancing orders to counter rising costs and supply chain disruptions.

02 Jun 2026
TL;DR

Anthropic, maker of Claude chatbot, files to go public

Anthropic, valued at $965 billion and backed by Amazon and Google, has confidentially filed for an IPO, marking a pivotal moment for the booming generative AI industry.

02 Jun 2026
TL;DR

Anthropic prepares October IPO near $1 trillion, Newsom-linked nonprofits poised

California Governor Gavin Newsom’s allies, including Omidyar Network and Ford Foundation, stand to gain $250 million from Anthropic’s anticipated $1 trillion IPO this October.

02 Jun 2026
TL;DR

Goldman Sachs California conference draws 400+ executives, spotlights AI investment

Goldman Sachs’ leveraged finance leaders spotlighted AI infrastructure, with trillions needed for data centers and power, as the sector drives unprecedented capital demand.

02 Jun 2026
TL;DR

China's strict tech export and talent rules worry Indian companies

China's new regulations on technology transfers and talent movement could delay India's plans in electronics and automotive manufacturing, impacting key sectors like EV components.

02 Jun 2026
TL;DR

McDonald's to unveil 'McDonald's>NEXT' plan at Las Vegas meeting

McDonald’s announced its “McDonald’s>NEXT” strategy, focusing on automation, improved hospitality, and better food quality to make stores easier to run and more appealing.

02 Jun 2026
TL;DR

Wall Street edges higher after 2.6% tech jump Monday

Wall Street saw modest gains as tech stocks surged, driven by Nvidia's AI chip launch, while escalating U.S.-Iran tensions and rising oil prices kept markets on edge.

02 Jun 2026
TL;DR

SpaceX updates IPO filing citing water access as major challenge

SpaceX's amended IPO filing highlights water scarcity as a critical challenge for cooling data centers, emphasizing its importance alongside power and material resources.

02 Jun 2026
TL;DR

Haryana unveils Make in Haryana Industrial Policy 2026 aiming ₹5L/cr

Haryana CM Nayab Saini launched the “Make in Haryana Industrial Policy-2026,” targeting ₹5-lakh-crore investment and 10 lakh jobs, alongside signing MoUs worth ₹1.10 lakh crore.

CBI arrests former RCom MD in bank fraud case

Amitabh Jhunjhunwala, the former Group Managing Director of Reliance Communications, has been arrested by the Central Bureau of Investigation (CBI) in a major bank fraud case.

01 Jun 2026
SpaceX

SpaceX to reserve 5% of IPO stock for employees, family

SpaceX has announced its plan to reserve up to 5% of shares in its upcoming initial public offering (IPO) for select employees and the friends and family of its executive officers.

01 Jun 2026
India

India's fiscal deficit in FY26 stands at 4.4% of GDP

India's fiscal deficit for the financial year ending March 31, 2026, stood at 4.4% of its gross domestic product (GDP).

01 Jun 2026
China

China's new rules for overseas investments: How it affects you

China has introduced new regulations to tighten its grip on overseas investments involving Chinese investors, technology, data, and national security.

01 Jun 2026
Telangana

No more cash wages to workers in Telangana

In a landmark decision, the Telangana government has banned cash wage payments to workers and mandated electronic transfers.

01 Jun 2026
India

India's industrial output grew by 4.9% this April

India's industrial output grew by 4.9% in April 2026, according to the first reading of the revamped Index of Industrial Production (IIP) series with FY23 as the new base year.

01 Jun 2026
Reserve Bank Of India (RBI)

Noel Tata writes to RBI, opposes Tata Sons public listing

Noel Tata, the chairman of Tata Trusts, has written a letter to the Reserve Bank of India (RBI), opposing any potential public listing of Tata Sons.

UPI crosses 23B monthly transactions for first time

India's Unified Payments Interface (UPI) has achieved a major milestone by crossing the 23 billion monthly transaction mark for the first time in May 2026.

01 Jun 2026
Nifty

Sensex crashes 1,100 points from day's high levels

India's benchmark indices, Sensex and Nifty, witnessed a major fall from their day's high on June 1.

01 Jun 2026
IndiGo

Why domestic air traffic in India is going down

India's domestic aviation sector has seen a decline in passenger traffic, with only 13.8 million travelers in April 2026.

01 Jun 2026
Zee

Why Zee Entertainment's shares are up 20% in 5 sessions

Shares of Zee Entertainment Enterprises have witnessed a massive rally, surging by nearly 20% over the past five sessions.

01 Jun 2026
GST

GST collections up 3.2% YoY to ₹1.94L crore in May

India's Goods and Services Tax (GST) collections rose by 3.2% year-on-year to ₹1.94 lakh crore in May 2026, official data released today has showed.

01 Jun 2026
SoftBank Group

SoftBank becomes Japan's most valuable company, surpassing Toyota

SoftBank Group has dethroned Toyota to become Japan's most valuable company.

01 Jun 2026
Delhi

Jet fuel prices cut 27% for international airlines

The price of Aviation Turbine Fuel (ATF) for international airlines has been slashed by 27% in India.

New UPI and ATM rules from today

A host of changes have come into effect from June 1, impacting Unified Payments Interface (UPI) and other financial aspects.

01 Jun 2026
Berkshire Hathaway

How BYD became a $10B bet for Berkshire Hathaway

During the 2008 global financial crisis, investing legend Charlie Munger spotted a unique opportunity in Chinese electric vehicle (EV) maker BYD.

01 Jun 2026
India

Installing rooftop solar panels will cost you more now

Starting today, India has implemented a major change in its solar sector.

01 Jun 2026
Vodafone Idea

How Airtel is helping Vodafone Idea add more subscribers

Vodafone Idea (Vi) is capitalizing on the ongoing debate over premium 5G connectivity to position itself as a provider of equal network access for all users.

01 Jun 2026
Indian Economy

India's factory growth hits 3-month high

India's manufacturing sector witnessed the fastest growth in three months in May, owing to strong domestic demand and a spike in new orders.

01 Jun 2026
Ukraine

Russia bans aviation fuel exports till November 30

Russia has announced a ban on aviation fuel exports until November 30.

01 Jun 2026
Ministry of Finance

How to trace forgotten mutual funds using new government portal

The Ministry of Finance has launched a new awareness initiative called "Your Money, Your Right" to help citizens trace their forgotten or unclaimed financial assets.

01 Jun 2026
Coinbase

Coinbase re-enters India with direct bank-to-crypto transfers

Popular cryptocurrency exchange Coinbase has launched direct Indian rupee (INR) deposit and withdrawal services for retail users in India.

01 Jun 2026
Oman

India-Oman trade deal comes into effect today

India's Comprehensive Economic Partnership Agreement (CEPA) with Oman will come into effect today at 2pm IST.

01 Jun 2026
Air India

Why Noel Tata is holding up Tata Sons chairman's reappointment

The chairman of Tata Trusts, Noel Tata, has reportedly told the board of Tata Sons that there are several unresolved issues.

01 Jun 2026
China

China's manufacturing sector expands for 6th consecutive month

China's manufacturing sector has expanded for the sixth consecutive month in May, albeit at a slower rate.