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Goldman Sachs: Hedge funds pour record into AI and semiconductors
Hedge funds ramped up investments in AI and semiconductor stocks in Q2 2026, with Nvidia, Micron, and Intel leading the surge, according to Goldman Sachs.
Zoho founder Sridhar Vembu says AI hype is biggest bubble
Zoho founder Sridhar Vembu labeled the ongoing AI boom as "clearly an investment bubble," highlighting its parallels with previous tech-driven financial surges.
3 SME IPOs opening for subscription in India next week
In the midst of market volatility and geopolitical tensions, three new small and medium-sized enterprise (SME) initial public offerings (IPOs) are set to open for subscription next week.
US becomes 2nd largest source of FDI into India
The United States has replaced Mauritius as the second-largest source of foreign direct investment (FDI) into India, according to a report by The Times of India.
Delhi airport to phase out Terminal 2 by 2033
Delhi International Airport Limited (DIAL) plans to phase out the nearly four-decade-old Terminal 2 (T2) by 2033.
India's fuel price hike is 'smallest' among major economies
India has been able to shield its consumers from the full impact of the global oil crisis caused by the closure of the Strait of Hormuz.
UPI transaction limit might suddenly reduce: Here's how to avoid
Unified Payments Interface (UPI) has revolutionized digital transactions in India. The platform offers a seamless way to send and receive money.
First-in-months: LNG tanker leaves Strait of Hormuz for India
In a major development, an LNG (liquefied natural gas) tanker has left the Strait of Hormuz for India.
India's fuel demand growth might fall 39% in H2 2026
India's fuel demand growth is expected to slow down significantly in the second half of 2026.
IRFC eyes $2B loan in FY27 for infra projects
Indian Railway Finance Corporation (IRFC), a state-owned entity, is gearing up to raise $2 billion through external commercial borrowing (ECB).
Gold prices down by ₹450/g: Here we decode why
Gold prices in the Indian market have fallen by over ₹450 per gram.
Market cap of India's top 6 companies up by ₹74,111.57cr
The market capitalization of six out of the top 10 most valued companies in India jumped by a whopping ₹74,111.57 crore last week.
Why Wingtech has sued Dutch chipmaker Nexperia for $1.2B
China's Wingtech Technology has filed a lawsuit against chipmaker Nexperia and five other entities, seeking CNY 8 billion ($1.2 billion) in compensation for economic losses.
Government may remove 11% customs duty on raw cotton imports
The Indian government is considering the removal of an 11% customs duty on raw cotton imports.
LIC becomes India's most profitable public sector company
The Life Insurance Corporation of India (LIC) has become the most profitable public sector company in India for the March 2026 quarter.
India's exports continue to grow in May: Piyush Goyal
Commerce and Industry Minister Piyush Goyal has announced that India's exports have witnessed healthy growth in the first three weeks of May.
Bank of America warns AI mega-cap concentration risks 2%-3% downturn
Bank of America’s Michael Hartnett flags the AI-led market concentration as the largest bubble since railroads, with significant implications for India and emerging markets.
Fuel prices may rise further if US-Iran war persists
Bharat Petroleum Corporation Ltd.'s (BPCL) HR Director Raj Kumar Dubey has warned that another increase in fuel prices may be unavoidable if global energy disruptions continue.
Ganga Expressway launch cuts Uttar Pradesh travel and logistics costs
The 594-km Ganga Expressway, connecting Meerut to Prayagraj, will halve freight transit time in Uttar Pradesh and unlock annual logistics savings of up to ₹30,000 crore.
Rajasthan pitches itself as semiconductor manufacturing hub
The central government and the Rajasthan state administration have pitched the state as a prime destination for electronics and semiconductor manufacturing.
Ex-Meta employee accuses company of racial bias in layoffs
A former Meta employee, Jeremy Bernier, has accused the tech giant of racial discrimination in its layoff process.
Yaashvi Jewelers, SMR Jewels, Rajnandini Fashion India IPOs open
Three SME IPOs, including Yaashvi Jewellers, SMR Jewels, and Rajnandini Fashion India, are scheduled to open this week, aiming to raise funds for various business objectives.
US green card applicants must leave country under new policy
The Trump administration has ordered a major change in its immigration policy, asking noncitizens who have applied for a green card to leave the US.
United States becomes India's 2nd largest FDI source in 2025-26
The United States surpassed Mauritius as India’s second-largest foreign investor in 2025-26, with equity inflows doubling to over $11 billion.
UK companies criticized for overstating AI capabilities, PR experts warn
Companies across industries are overstating their AI capabilities, often rebranding automation as artificial intelligence to capitalize on the technology’s growing buzz.
US unveils 'America First' visa schedule, prioritising business professionals
US Secretary of State Marco Rubio has announced a new "America First" visa schedule, prioritizing business professionals.
This VinFast-backed Uber rival will soon offer rides in India
Green SM, a Vietnamese electric mobility company backed by VinFast, is all set to enter India's ride-hailing market in mid-June.
BHAVYA scheme's operational guidelines out: How will it help industries?
The Department for Promotion of Industry and Internal Trade (DPIIT) has unveiled the operational guidelines for the Bharat Audyogik Vikas Yojna (BHAVYA).
NTPC Q4 results: Net profit up 34% YoY to ₹10,614.95cr
NTPC, a state-run power company, has reported a huge 34% jump in its consolidated net profit for the March quarter.
Six of top 10 firms add 74,111.57cr, Reliance gains 25,000cr
The combined market valuation of six out of the top-10 most valued firms surged by ₹74,111.57 crore last week, with Reliance Industries leading the gains at ₹24,696.89 crore.
Higher customs duty pushes India's gold discount to nearly ₹462
Gold prices in India are trading at a ₹450/g discount after the government doubled import duty to 15%, impacting demand and encouraging smuggling activities.
LIC posts ₹23,420 cr for March 2026 quarter, tops peers
State-owned Life Insurance Corporation of India (LIC) reported a record net profit of Rs 23,420 crore in the March quarter, surpassing all other financial sector firms in India.
Palo Alto Networks CEO Arora calls AI mass layoffs fallacy
Palo Alto Networks CEO Nikesh Arora argues that AI-driven productivity boosts won't reduce workforce needs but instead enable tackling backlogs and innovation.
AI to impact back-office, data-reporting and customer-service jobs in India
AI is poised to disrupt up to 28% of back-office, data, and customer service roles in India by 2026, as companies face significant digital skill shortages, a SHRM report reveals.
PFRDA launches RIS 2026 letting NPS withdraw until age 85
The PFRDA’s new Retirement Income Scheme (RIS) lets retirees withdraw their non-annuitized NPS corpus gradually until age 85, offering flexible payout options.
Indians sent $1.09 billion abroad for travel in March 2026
Indians spent $623 million on holidays and international credit card settlements in March 2026, reflecting a strong appetite for overseas experiences despite rising airfares.
Nestle India, WeWork India and Swiggy introduce pet friendly policies
Indian companies like Nestlé, WeWork, and Swiggy are embracing pet-inclusive policies to reduce employee stress, boost morale, and foster a more empathetic workplace culture.
David Solomon says AI will free workers for meaningful work
Goldman Sachs CEO David Solomon predicts automation will transform work by eliminating repetitive tasks, enabling workers to focus on complex, strategic challenges.
Bihar approves 20 industrial projects, ₹350cr expected, 2,300 jobs
Bihar approves 20 industrial projects worth ₹350 crore, allocating 30 acres of land and creating 2,300 job opportunities across diverse sectors to drive economic growth.
Google appeals antitrust ruling over alleged search and advertising monopolies
Google has appealed a 2024 antitrust ruling that accused the tech giant of illegally maintaining monopolies in online search and advertising.
India's forex spends slip 2% as education spending abroad falls
The total outward remittances under the Liberalized Remittance Scheme (LRS) have fallen by some 2% in FY26.
mAadhaar app retiring soon: How to set up new one
The Unique Identification Authority of India (UIDAI) is retiring the mAadhaar app in favor of a new Aadhaar platform.
FIIs pull out ₹30,374cr from Indian equities in May
Foreign institutional investors (FIIs) have sold Indian equities worth ₹2.22 lakh crore in 2026, continuing their net selling streak for the third consecutive month.
Gold could hit $100,000 per ounce, says Robert Kiyosaki
Robert Kiyosaki, the author of Rich Dad Poor Dad, has warned of an impending stock market crash.
Glenmark Pharmaceuticals to pay $30M in US antitrust case
Glenmark Pharmaceuticals has announced that its US subsidiary will pay $29.6 million (approximately ₹284 crore) to settle antitrust and consumer protection litigation.
LIC aims for double-digit revenue growth in FY27
The Life Insurance Corporation of India (LIC) is targeting double-digit revenue growth and margin expansion in FY27.
Piyush Goyal to visit Canada to boost trade ties
India's Minister of Commerce and Industry, Piyush Goyal, will visit Canada from May 25-27. He will be leading a delegation of some 150 Indian industry leaders.
Uber now lets you book Pune Metro tickets
Pune Metro commuters can now book QR-based metro tickets directly through the Uber app.
SEC delays plan for crypto versions of US stocks
The US Securities and Exchange Commission (SEC) has postponed its plan to allow cryptocurrency firms to trade tokenized assets linked to stocks, according to Bloomberg.
This Bain Capital-backed firm wants to raise ₹1,400cr via IPO
Bain Capital-backed Dhoot Transmission Limited has filed its updated Draft Red Herring Prospectus (UDRHP-1) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
India to have complete semiconductor supply chain soon: Modi
Prime Minister Narendra Modi has announced the development of a complete semiconductor supply chain in India.
IndusInd Bank now offers work-from-home option to more employees
IndusInd Bank has announced the expansion of its roster-based work-from-home (WFH) framework to more departments, following its successful adoption across select teams.
India's gross FDI inflows in FY26 hit a record $94.5B
India's gross foreign direct investment (FDI) inflows for the fiscal year 2025-26 have hit a record high of $94.53 billion, according to data from the Reserve Bank of India (RBI).
Eicher Motors' Q4 results: Profit rises 12% YoY to ₹1,520cr
Eicher Motors has reported a 12% year-on-year (YoY) rise in its consolidated net profit for the fourth quarter of FY26.
India's forex reserves fall by $8.09B to $688.894B
India's foreign exchange reserves have witnessed a major decline, falling by $8.094 billion to settle at $688.894 billion for the week ending May 15, data from the Reserve Bank of India (RBI) revealed.
Adani pays ₹6,000cr to lenders of Jaiprakash Associates
Adani Group has paid ₹6,000 crore to the lenders of Jaiprakash Associates. The payment is the first installment of a larger ₹14,535 crore resolution plan.
Why NRIs pulled out $2B from Indian banks in March
The Indian diaspora withdrew almost $2 billion from local banks in March, according to data from the Reserve Bank of India (RBI).
Indians remitted $2.59B overseas in March, says RBI
Indians had remitted $2.59 billion overseas in March 2026 under the Reserve Bank of India's (RBI) Liberalized Remittance Scheme (LRS).
Indian Oil Corporation denies reports of fuel shortage
Indian Oil Corporation (IOC), the largest oil company in India, has denied reports of a nationwide fuel shortage.
Apple takes Epic Games to court over commissions again
Apple has challenged a ruling in its ongoing legal battle with Epic Games over App Store commissions.
Anthropic poised to become the world's most valuable AI start-up
Anthropic, an artificial intelligence (AI) start-up founded in 2021 by former OpenAI employees, is on the verge of raising over $30 billion in its latest funding round.
CCI closes case against 12 Delhi hospitals after decade-long probe
The Competition Commission of India (CCI) has closed a decade-old case against 12 hospitals in Delhi, including Max Super Specialty Hospital and Fortis Escorts Institute.
Kevin Warsh sworn in as new Fed chair
Kevin Warsh has officially taken the oath of office as the new chairman of the US Federal Reserve.
Rupee at record low boosts UAE dirham remittances to India
The Indian rupee has hit a new low against the UAE dirham, prompting a surge in remittances from Indian expatriates in the Gulf region.
RBI transfers record ₹2.87 lakh crore surplus to government
The Reserve Bank of India (RBI) has announced a record surplus transfer of ₹2.87 lakh crore to the central government for the fiscal year 2025-26 (FY26).
Rupee slump forces India to rethink import strategy
Union Minister Piyush Goyal has said that the Indian government is keeping a close eye on the rapidly depreciating rupee against the US dollar.
Pixxel seeks $100M funding after Deepinder Goyal opts out
Pixxel, a Bengaluru-based space tech start-up, is in talks to raise between $80 million and $100 million in its latest funding round.
Steel Ministry seeks removal of anti-dumping duty on met coke
India's Ministry of Steel has requested the Finance Ministry to remove anti-dumping duties on low-ash metallurgical coke imports.