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India's core industries slow to 0.5% growth in May 2026
India's core sector growth dropped to 0.5% in May 2026, down from April's 1.8%, with steel, cement, and electricity showing gains amid broader industrial sluggishness.
Info Edge invested ₹1,003cr in AI deep tech, portfolio ₹1,827cr
Info Edge has invested Rs 1,003 crore in 54 AI and deeptech startups since 2020, with the portfolio's value surging to Rs 1,827 crore, reflecting an impressive 82% growth.
FIFA World Cup prompts remote work and traffic management measures
Even staunch remote work critics like JPMorgan are allowing employees to work from home during FIFA World Cup match days, highlighting the practicality of avoiding traffic chaos.
AI demand drove chip costs up 4x, Tim Cook says
The surge in AI demand has caused a memory-chip shortage, driving up production costs for gadgets like smartphones, laptops, and gaming consoles globally.
Akasa Air adds Boeing 737 MAX VT-YBP, fleet totals 39
Akasa Air received its 39th Boeing 737 MAX aircraft, VT-YBP, in Bengaluru. The airline plans to expand further with 187 more planes set for delivery over six years.
India's 8th Pay Commission opens Lucknow consultations on pay, pensions
The 8th Pay Commission's recommendations could significantly influence pensions, family pension benefits, and retirement security for millions of beneficiaries.
Tata Communications stocks hit 52-week high today: Should you buy?
Tata Communications Ltd's shares have hit a 52-week high, extending their gains for the third consecutive session today.
Why Air India has joined hands with Booking.com
Air India has announced a strategic partnership with Booking.com, one of the world's leading online travel agencies.
China allows qualified foreign funded firms to list domestically
China unveils a new action plan enabling qualified foreign-funded firms to list on domestic stock exchanges, aiming to bolster foreign investments and boost economic activity.
Gold slips to ₹1.47L per 10g on MCX, silver gains
Gold futures on MCX dipped 1.41% amid weak technical signals, while silver futures rose 0.92% driven by fresh buying and resilient consumer interest in precious metals.
India exempts foreign investors from capital gains tax, ₹32,630cr inflows
Global funds surged into Indian bonds, with Rs 32,630 crore invested since June 5 reforms removing capital gains tax on foreign investments in government securities.
ArcelorMittal partners with AWS to boost safety and efficiency globally
ArcelorMittal collaborates with AWS to integrate cloud and AI technologies, aiming to enhance safety, reliability, and sustainability across its global steelmaking operations.
Bernstein says India should build foundational AI amid U.S.-China competition
India must develop its own foundational AI model, warns Bernstein, as reliance on foreign LLMs risks geopolitical vulnerabilities and technological dependence on the US and China.
Ray-Ban heir steps up battle for family empire
31-year-old Leonardo Maria Del Vecchio, the heir to the Ray-Ban fortune, has publicly challenged his family's holding company.
Bitcoin holds near $64,000 as investors watch US data
Bitcoin traded near $64,000 as cautious investors navigated geopolitical tensions and awaited key US economic data, while the broader crypto market showed mixed momentum.
Jet fuel down after U.S.-Iran deal but fares remain high
Jet fuel prices have significantly declined, offering airlines a profitability boost. However, tight capacity and efforts to recover past fuel costs may keep ticket prices high.
Moody's warns India's fragmented water governance threatens public finances
India's fragmented water governance, subsidized pricing, and aging infrastructure heighten fiscal strain and credit risks, Moody's warns in a report on water-stressed systems.
SEBI's GARUDA framework cuts AIF approval to 10 working days
SEBI's GARUDA framework accelerates AIF scheme rollouts, reducing regulatory delays and enabling quicker capital deployment into startups, say venture capital investors.
EasyJet rejects £4.74bn takeover bid from US firm Castlelake
EasyJet has declined a £4.74bn takeover offer from US firm Castlelake, calling the bid "highly opportunistic" despite a 24% premium to its recent share price.
Piyush Goyal says US trade talks stuck over 50% tariff
India's trade minister Piyush Goyal stated that delays in finalizing a trade agreement with the U.S. stem from a 50% tariff, as India pursues preferential market access.
Accenture cuts FY2026 outlook despite $18.7B Q3 revenue growth
Accenture's lowered growth guidance and challenging demand conditions signal persistent headwinds for the IT services industry, according to Kotak Institutional Equities.
China's AI stocks jump in Hong Kong after policy boost
Chinese AI-related stocks soared as Beijing introduced supportive measures to expand AI adoption, while global demand for the technology fueled investor optimism.
Bitcoin around $64,000, Ethereum $1,737, fear and greed index 22
Bitcoin held steady near $64,000 as long-term holders accumulated, while ETF inflows paused and broader crypto markets faced subdued sentiment and macro uncertainties.
Is Gen Z earning higher than millennials at same age?
A recent study by the Resolution Foundation has revealed that Generation Z (Gen Z) workers born in the late 1990s are earning more at age 24 than any other cohort since those born in the 1950s.
This EV logistics start-up is planning $200M IPO in India
Zypp Electric, an electric vehicle (EV) logistics start-up, is gearing up for a major initial public offering (IPO) of $150-200 million.
SK Hynix is now South Korea's most valuable company
SK Hynix has overtaken Samsung Electronics to become South Korea's most valuable listed company.
This low-cost airline has reduced fares by 5%
Malaysian budget airline, AirAsia X, has announced a 5% fare reduction.
Attention! Banks will remain closed for 3 days this week
If you have any important banking work this week, plan accordingly.
Did Polymarket advertise fake profitable bets?
Polymarket, a leading prediction market platform, has been accused of paying online creators to post misleading videos showing them making profitable bets on its platform.
Air India partners with Booking.com for flights and stays
Air India teams up with Booking.com to launch a co-branded platform, enabling customers to book flights and accommodations seamlessly while earning exclusive Maharaja Club rewards.
Big Tech adds 13,600 jobs in India amid AI demand
FAAMNG companies hired 13,600 professionals in India this year, a 6% rise from 2025, driven by demand for AI and cloud talent despite global layoffs and cautious hiring trends.
India's draft satcom rules add layers of security approvals
The Indian government has issued new draft rules, mandating security clearance for satellite communication (satcom) companies even after spectrum assignment.
AI powered services to reach $4.38B in India banking, insurance
India's banks and insurers are leveraging AI to revolutionize fraud detection, credit underwriting, and personalized banking, driving efficiency and financial inclusion.
Nestle, Uber, Ikea join 112 firms urging governments prioritize electrification
Over 100 companies, including Nestle and Uber, urge governments to prioritize electrification, citing reduced fossil fuel reliance and enhanced energy security as key benefits.
MeitY shortlists 5 firms for AI procurement drafting platform
Five firms, including NEC India and Kyndryl, have advanced in MeitY's bid process to develop an AI-powered platform aimed at streamlining government tender drafting and compliance.
Gurugram-based Zypp Electric readies $150-$200 million IPO and pre-IPO round
Zypp Electric, an EV logistics startup, is preparing for a $150-200 million IPO in FY28 and has appointed Axis Capital, SBI Capital Markets, and DAM Capital as bankers.
ITR-3 filing goes live on Income Tax portal
The Income Tax Department has enabled online filing and Excel utility for ITR-3 for Assessment Year (AY) 2026-27.
New India Assurance hits 52-week high as NSE IPO seller
Shares of New India Assurance surged 47% over seven sessions, hitting a 52-week high of ₹215.59, driven by its inclusion as a selling shareholder in NSE's upcoming IPO.
RBI revises Kisan Credit Card rules
The Reserve Bank of India (RBI) has announced major changes to the Kisan Credit Card (KCC) Scheme.
Anthropic's $965 billion valuation clashes with Trump administration security controls
Anthropic’s rapid growth and $965bn valuation have positioned it as a leader in AI, drawing scrutiny from the Trump administration over national security concerns.
Bajaj Auto launches largest ever ₹12,000 per share buyback
Bajaj Auto shares rose 2% to Rs 10,268 as investors positioned for its largest-ever Rs 5,633 crore share buyback, set at a premium price of Rs 12,000 per share.
China warns of supply chain disruption amid trade tensions
China has warned that supply chains could be disrupted as major trading partners consider new strategies to tackle growing imbalances and reduce reliance on rare earths.
Goldman Sachs: India on track becoming major data center hub
India is set for rapid data centre growth, fueled by AI demand, favorable demographics, and strategic proximity to West Asia, according to a Goldman Sachs Research report.
Srikanth Velamakanni sees Indian IT services recovery in 12-18 months
Indian IT services face temporary challenges, but Fractal CEO Srikanth Velamakanni predicts a rebound within 12-18 months as AI adoption drives demand and reshapes the industry.
Reliance Industries shares rise over 2% after Jio IPO filing
Reliance Industries shares rose over 2% after Jio Platforms filed its draft IPO papers, sparking investor optimism about value unlocking and future growth opportunities.
Sensex jumps nearly 500 points, Nifty trades above 24,150
The Indian stock market witnessed a recovery on Monday, with the Sensex and Nifty indices rising by 0.6% each.
FTC clears Aurobindo Pharma USA purchase of Lannett with divestiture
The U.S. FTC has approved Aurobindo Pharma's $250 million acquisition of Lannett Company, enhancing its U.S. manufacturing footprint and product portfolio.
EPFO 3.0 to enable UPI ATM withdrawals and faster settlements
EPFO 3.0 aims to revolutionize provident fund withdrawals by introducing UPI-based transfers and ATM access, enabling faster, hassle-free transactions for millions of subscribers.
Bitcoin slips below $64,000
Bitcoin's price has fallen to nearly $63,242 in early trade today. The cryptocurrency later recovered slightly to trade at $63,980, marking a 0.57% decline over the last 24 hours.
Zoho founder Sridhar Vembu warns of AI data center bubble
Zoho founder Sridhar Vembu supports IBM CEO Arvind Krishna's concerns, emphasizing core AI investments over speculative spending on massive data center infrastructure.
KOEL shares surge 20% after HyperNext order, JM Financial upgrade
Shares of Kirloskar Oil Engines surged 20% to hit Rs 2,389.80 after securing a significant AI data center order and receiving a bullish target price upgrade from JM Financial.
Indian IT stocks rebound after Dario Amodei warned on AI
IT stocks rose 1.2% on June 22, led by Coforge and Tech Mahindra, as Anthropic CEO Dario Amodei highlighted revenue challenges for AI firms amid soaring infrastructure costs.
PFRDA issues new audit rules for NPS and APY providers
The PFRDA has introduced a new audit framework for NPS and APY intermediaries, mandating periodic audits to enhance compliance standards and safeguard subscriber interests.
Kevin Warsh reshapes Fed communication, markets expect higher rates
US Federal Reserve Chair Kevin Warsh adopts concise policy statements, emphasizing inflation and price stability while launching reviews of central bank operations.
SK Hynix becomes South Korea's most valuable company at $1.35T
SK Hynix surpassed Samsung Electronics as South Korea’s most valuable company, driven by surging demand for memory chips amid the AI data centre boom.
Amazon declares water positive in India a year early
Amazon announced achieving "water positive" status in India, returning more water than it uses, amid scrutiny over resource-intensive data centre expansions.
Emerging markets hit record amid US Iran peace progress
Emerging-market stocks soared to a record as US-Iran peace talks progressed, cooling crude prices below $80, while AI-driven tech shares fueled gains.
Bitcoin at $63,242 after U.S.-Iran tensions, investors eye core PCE
Bitcoin dipped to $63,242 before recovering slightly to $63,980 as investor sentiment wavered due to US-Iran tensions and upcoming inflation data.
Oil prices dip after 1st round U.S.-Iran talks in Switzerland
Crude oil futures fell on Monday morning as the first round of US-Iran talks in Switzerland concluded, with Brent and WTI prices dropping by 1.40% and 0.26%, respectively.
India's NSE and Jio move toward landmark IPOs, signaling growth
India's IPO market is set for a historic moment as NSE and Jio Platforms prepare for their mega listings, showcasing financialisation and digitalisation trends.
Indian Sensex climbs 400 points as Nifty rises past 24,100
Indian stock markets rebounded on Monday, with Sensex surging over 400 points and Nifty crossing 24,100 as IT stocks led broad-based gains.
Nifty 50 and Sensex rise around 0.5% as sectors rally
Indian stock markets opened higher on Monday amid progress in US-Iran talks, while the rupee fell 9 paise to 94.42 against the US dollar in early trade.
China bans procurement from 46 US firms amid trade war
In a major escalation of tensions with Washington, China has imposed export controls on 10 US companies and barred another 46 from its government procurement.
Oil tops $81 after Iran shuts Strait of Hormuz again
Oil prices surged on Monday after Iran announced the closure of the Strait of Hormuz, a major chokepoint for global energy trade.
Government locks EPF rate at 8.25% for FY26 ensuring stability
The government has approved an 8.25% EPF interest rate for FY26, enabling over seven crore subscribers to receive credited amounts by the end of this month.
Rupee opens at 94.36 against US dollar, down 4 paise
The Indian rupee started at 94.36, down 4 paise against the US dollar, as easing crude prices and US-Iran diplomatic progress influenced market sentiment.
SBI Funds Management set for IPO after SEBI approval
SBI Mutual Fund, India's largest AMC, is set to go public. The IPO offers SIP investors a chance to become shareholders, benefiting from the asset management business's growth.
Income Tax Department makes ITR-3 live on e-filing portal
The Income Tax Department has activated online and Excel-based filing for ITR-3 for AY 2026–27, catering to taxpayers with business or professional income.
AI chip stocks show low P/E ratios amid investor doubt
Sevens Report Research cautions investors that low valuations of AI stocks may signal skepticism about future earnings, with fears of a potential data center slowdown looming.
RBI moves to curb banks selling insurance, mutual funds
The RBI has introduced new guidelines to curb mis-selling in banks, addressing long-standing issues of unsuitable financial product sales driven by aggressive sales targets.
Income Tax Department uses AI to spot tax return errors
With AI-driven data matching, the Income Tax Department can now easily detect discrepancies in ITR filings, making even minor mistakes a potential trigger for scrutiny or delays.
Brent $81 WTI $79 as Iran shuts Strait of Hormuz
Crude oil prices climbed as Iran shut the Strait of Hormuz over US-Israel tensions, while Asian markets rallied, with Japan and Taiwan hitting record highs driven by tech stocks.
Brent crude slips below $80 on U.S.-Iran peace deal hopes
Oil prices dipped as US-Iran peace talks showed progress, while gold rebounded over 1% amid softer crude prices and easing inflation concerns.
Anagha Rajesh moves BioCompute to San Francisco, closes Bengaluru office
Anagha Rajesh, founder of BioCompute, is shutting down operations in Bengaluru and moving to San Francisco, citing India's lack of risk appetite for deep-tech innovation.
Nestle India to discuss shareholder special dividend July 3
Nestle India plans to declare a special dividend on July 3, rewarding over 5 lakh retail shareholders, alongside its final dividend for the financial year 2026.
China adds 2 US rare earth firms to export controls
China has added MP Materials and USA Rare Earth to its export control list, banning shipments of dual-use items amid rising tensions over critical mineral supply chains.
HCLTech rolls out 'physical AI' to power robots and machines
HCLTech’s Sukant Acharya emphasizes how integrating robotics, AI, and digital twins is revolutionizing industries by enhancing efficiency, innovation, and sustainability.
Indian markets steady with Gift Nifty 24,164 amid Iranian walkout
Indian equity markets are expected to open flat-to-positive amid mixed global cues, as optimism over U.S.–Iran peace talks is tempered by initial negotiation setbacks.
Asian stocks climb after U.S.-Iran peace talks news, mixed gains
Asian markets gained on Monday, with Japan's Nikkei 225 and South Korea's KOSPI rising up to 2%, as US-Iran peace talks showed initial progress despite geopolitical tensions.
Japan's Nikkei 225 tops 72,000 as AI investments surge
Japan's Nikkei 225 surpassed 72,000 for the first time, driven by robust AI investments and government plans to boost strategic sectors like chips and technology.
Bharat Forge wins ₹425cr contract for Kolkata-class 1.25 MW generators
Bharat Forge shares gain attention after securing a ₹425-crore contract with the Ministry of Defence to supply advanced Gas Turbine Generators for Indian Navy warships.
Oil jumps 2.2% as President Trump warns Iran over Hezbollah
Oil prices rose over 2% after President Trump warned of military action against Iran, raising concerns about setbacks in peace talks and disruptions in the Strait of Hormuz.
Satya Nadella calls out small group dominating the AI world
Microsoft CEO Satya Nadella calls for democratizing AI, criticizing the dominance of a few companies and advocating for cheaper models, user control, and shared societal benefits.
RBI to cover hedging costs enabling higher FCNR(B) deposit rates
The Reserve Bank of India’s latest move allows NRIs to earn up to 7% on dollar-denominated FCNR deposits, offering tax-free returns and eliminating currency risk.
India's Zepto readies $1 billion IPO after 640 million orders
Zepto's $1-billion IPO highlights its focus on improving monetisation and profitability, as the quick commerce sector shifts from growth to financial performance metrics.
AI startups across India boost hiring 21% year over year
India's AI startups are driving a hiring boom, outpacing the broader tech sector as demand for generative AI and automation accelerates large-scale deployments.
India's deep tech startups poised for hundreds of millions funding
Indian deep-tech startups in space and AI are poised to secure hundreds of millions in investments, fueled by rising sovereign demand and strategic global market opportunities.
Jamieson Greer in New Delhi to finalize U.S.-India interim deal
US Trade Representative Jamieson Greer is in India to advance discussions on the interim trade deal, aiming to finalize the first phase of the US-India Bilateral Trade Agreement.
Rewards and cashback boost UPI growth for select fintechs
New fintech apps like Navi and super.money are leveraging cashback not just for payments but to drive growth in credit, commerce, and financial products.
Jio Platforms IPO to almost double Reliance's BSE market share
Jio Platforms' IPO could elevate Reliance Industries Group's market cap share on BSE to nearly 7%, positioning RIL and JioP as India's top two companies by valuation.
India unveils ₹7,100cr semiconductor incentives to attract ₹15,000cr investment
India will disburse ₹7,100 crore in FY27 to boost domestic semiconductor manufacturing and design, aiming to attract ₹15,000 crore investments and create 4,700 jobs.
Hayley Waller named head of Guardian Labs Australia, experienced executive
Hayley Waller has been named head of Guardian Labs Australia, bringing extensive media and commercial leadership experience from roles in Australia and the UK.
Yotta invests $6B to increase NVIDIA Blackwell GPUs to 30,000
Yotta Data Services is investing $6 billion to expand its AI infrastructure, increasing Nvidia GPU deployments to meet surging demand from Indian and global customers.
CCPA fines Storia Foods and Beverages, English Oven ₹1L each
CCPA penalized two companies Rs 1 lakh each for misleading "100%" natural product claims, directing them to halt deceptive advertisements across all platforms.
General Motors replaces 1,000-plus Factory Zero workers with 50 cobots
General Motors has replaced over 1,000 workers with 50 collaborative robots at its Detroit Factory Zero plant, citing cost-cutting and safety improvements amid declining EV demand.
These 8 IPOs will hit Indian market next week
The primary market is set to see a flurry of activity with the launch of eight new initial public offerings (IPOs) next week.
India-EU free trade agreement to be signed by December
India and the 27-nation European Union (EU) are set to sign a free trade agreement (FTA) by December, Commerce and Industry Minister Piyush Goyal announced today.
India's merchandise exports up by 15% in Apr-Jun: Piyush Goyal
India's merchandise exports have witnessed a remarkable growth of around 15% during April 1-June 14, Commerce and Industry Minister Piyush Goyal announced today.
Market cap of India's top 9 companies up ₹2.15L crore
The combined market capitalization of nine out of India's top 10 most valued companies witnessed a major surge, gaining ₹2.15 lakh crore last week.
India's Russian oil imports have gone up in June
India's crude oil imports from Russia surged to an average of 2.66 million barrels per day (bpd) in June, according to data from maritime and commodity intelligence firm Kpler.
Air India Express introducing 1st international route from Navi Mumbai
Air India Express has announced the launch of direct flights from Navi Mumbai to Abu Dhabi, starting July 15.
Tech Mahindra has leased 4L sqft office space in Hyderabad
Tech Mahindra has signed a long-term lease for nearly four lakh square feet of office space in Hyderabad.
India-US trade deal can't be implemented without competitive advantage: Goyal
Commerce and Industry Minister Piyush Goyal has said the proposed trade agreement between India and the US cannot be implemented until a competitive advantage is secured.
Founder of Assassin's Creed maker Ubisoft dies in plane crash
Claude Guillemot, the co-founder of video game giant Ubisoft, died in a plane crash on Friday.
Garden Reach Shipbuilders is now a 'Navratna' company
Garden Reach Shipbuilders and Engineers (GRSE), a leading defense public sector company, has been awarded the prestigious 'Navratna' status by the Department of Public Enterprises under the Ministry of Finance.
Google DeepMind loses Nobel-winning VP in latest high-profile exit
John Jumper, Vice President of Google DeepMind and a 2024 Nobel Prize in Chemistry winner, has announced his departure from the company.
SBI, Axis Bank among lenders set to raise $2B overseas
India's leading banks, including State Bank of India (SBI), Axis Bank, and Bank of Baroda (BoB), are set to collectively raise at least $2 billion from international markets.
PhonePe to charge ₹100 quarterly fee on inactive wallets
PhonePe, a leading digital payment and financial services company, has updated its wallet policy.
Why China is tightening its grip on indium exports
China is tightening its grip on indium exports, a metal critical for next-gen data centers.
CRED's biometric UPI feature nears 10M users
CRED, a fintech start-up founded by Kunal Shah, is on the verge of hitting a major milestone with its biometric authentication feature for UPI payments.
Jio eyes $230B global opportunity with homegrown telecom tech
Jio Platforms Ltd is eyeing a massive $230 billion global market opportunity with its homegrown telecom technology.
Air India CEO race narrows to Nipun Aggarwal, Vinod Kannan
Air India's leadership race is heating up with Nipun Aggarwal and Vinod Kannan as top contenders.
Global investors pull out $8.5B from India-focused funds
Global investors have pulled out nearly $8.5 billion from India-focused funds in 2026, a report by Elara Securities has revealed.
Reliance targets ₹4L crore EBITDA by 2031, focuses on AI
Reliance Industries has announced its ambitious plan to double its core profits (EBITDA) to ₹4 lakh crore by 2031.
SBI Mutual Fund gets SEBI nod for ₹13,000cr IPO
SBI Mutual Fund, India's leading asset management company, has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO), according to PTI.
Jio Platforms files for $4B IPO, to be India's largest
Jio Platforms, the digital subsidiary of Reliance Industries, has filed a draft red herring prospectus (DRHP) with SEBI for an initial public offering (IPO) expected to raise around ₹37,000 crore ($4 billion).
BrahMos missile deal with Vietnam in final stages
The deal for the supersonic BrahMos missile with Vietnam is in its final stages, said Jaiteerth Joshi, CEO of BrahMos Aerospace.
Reliance is building world's first autonomous refinery
Reliance Industries is gearing up to transform its Jamnagar facility into the world's first end-to-end autonomous refinery, Anant Ambani, the company's Executive Director, announced at the 49th annual general meeting.
JioHotstar clocks 450M+ monthly active users
Reliance Jio's streaming platform, JioHotstar, has achieved a major milestone with 451 million monthly active users (MAUs) in FY26.
Reliance Jio's 5G subscriber base crosses 268M
Reliance Jio has announced a major milestone in its 5G journey.
Jio Platforms to file IPO papers today, says Mukesh Ambani
Reliance Industries Chairman and Managing Director Mukesh D. Ambani, the largest shareholder of the group, has announced the filing of the Draft Red Herring Prospectus (DRHP) for Jio Platforms' Initial Public Offering (IPO).
Reliance Industries reports record revenue and profit in FY26
Reliance Industries Limited (RIL) has reported a record high revenue and net profit for the fiscal year 2026 (FY26).
Infosys shares plunge 9%, wiping out ₹40,000cr investor wealth
Infosys's shares plummeted by a staggering 9% on Friday, hitting a new 52-week low of ₹1,030 per share on the Bombay Stock Exchange (BSE).
Oil prices fall as Strait of Hormuz reopens
Oil prices witnessed a decline on Friday amid the reopening of the Strait of Hormuz and an interim US-Iran deal.
Japanese yen nears 40-year low against US dollar
The Japanese yen has plummeted sharply against the US dollar, crossing the 161 mark and nearing a four-decade low.