Business News
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RBI eases TReDS access for MSMEs with financier credit guarantees
The RBI has issued final directions to streamline MSME onboarding on TReDS platforms, enabling easier invoice discounting and access to credit guarantees for trade receivables.
MrBeast's Beast Industries hires Pietra team to launch sponsorship platform
MrBeast's Beast Industries is rapidly expanding, hiring key talent from startups like Pietra and tech giants to develop a platform connecting creators with brands for sponsorships.
S&P warns oil could hit $80 to $90 by 2026
Global oil prices may surge to $80-$90 per barrel in late 2026 as recovering demand and inventory restocking tighten market balances, S&P analysts predict.
RBI issues new TReDS guidelines to help MSMEs access cash
The RBI has released final guidelines for TReDS platforms, simplifying MSME onboarding and enabling financiers to access credit guarantees for trade receivable exposures.
Infosys to chase $300-400B AI services market by 2030
Infosys Chairman Nandan Nilekani emphasized AI's transformative role, revealing the company's annual AI services revenue has surpassed $1 billion.
Accenture signs 10-year Aparna Technopolis lease worth ₹900cr in Hyderabad
Accenture has leased over 1 million sq ft at Aparna Technopolis, Hyderabad, for 10 years with a rental commitment of Rs 900 crore, highlighting strong demand for large workspaces.
South Korea's KOSPI plunges nearly 10% on chip stock rout
South Korea's KOSPI plunged nearly 10%, triggering global ripples as chipmakers tumbled, wiping billions in value. Sensex reacted sharply, falling 700 points within an hour.
CII president R Mukundan urges vocational training and industry links
India should focus on vocational training, career counselling, and industry-academia collaboration to prepare its workforce for both domestic and global opportunities.
Swiggy, Zerodha enable riders to invest ₹100 in mutual funds
Swiggy has collaborated with Zerodha Fund House to allow delivery partners to invest in mutual funds starting from ₹100, promoting financial independence and long-term savings.
NLCIL and IOC announce major renewables projects in Tamil Nadu
NLC India Limited and Indian Oil Corporation have partnered to develop large-scale renewable energy projects in Tamil Nadu, focusing on solar, wind, and advanced storage solutions.
HCLTech, Circles and GreySkies team up to build AI framework
HCLTech, Circles, and GreySkies have joined the TM Forum Catalyst Program to develop an AI-powered framework aimed at enhancing telecom operations and customer experiences.
Indian markets slump after South Korea KOSPI drop, Nifty falls
South Korea's KOSPI plunged over 10%, triggering global shockwaves that dragged Indian indices into the red, with Nifty shedding 279 points and Sensex dropping 893 points.
Centre plans subsidized tomato sales as prices hit ₹92/kg
The Indian government is planning to sell tomatoes at subsidized rates through cooperative outlets, in a bid to cool the recent price surge.
India needs 7-8% GDP growth for 2047 developed-nation target
India requires a sustained 7–8% economic growth rate to achieve its Viksit Bharat 2047 vision, with private investments and export growth playing pivotal roles.
Indian markets fall over 1% amid U.S.-Iran peace talks uncertainty
Indian equity markets ended sharply lower on June 22, with Nifty slipping below 23,850 and Sensex shedding 893 points amid weak global cues and sector-wide selling pressure.
Jio BlackRock seeks IFSC approval for broking, advisory in Gandhinagar
Jio BlackRock Broking Pvt Ltd seeks IFSCA approval to operate as a broker-dealer and investment advisor, expanding its financial services footprint in GIFT City’s IFSC.
NCLT pushes BYJU'S-Aakash hearing to July 16 amid settlement progress
The NCLT has deferred the Byju's-Aakash dispute hearing to July 16, as parties involved are in advanced discussions to resolve shareholding and creditor-related issues.
GTRI warns Meta's $900 million CRED investment could expose user data
Meta's proposed $900 million investment in CRED raises fears about foreign dominance over India's fintech sector and the potential access to sensitive consumer financial data.
Wipro and Palo Alto Networks combine Cortex XSIAM and CyberShield
Wipro Ltd has strengthened its collaboration with Palo Alto Networks to deliver AI-powered Managed Detection and Response services, enhancing modern security operations.
India's PSBs turn to AI and automation to stay lean
Public sector banks may increasingly adopt AI and automation to enhance efficiency and profitability, even as workforce numbers remain relatively stable.
Tech hiring in India falls with software roles down 12.3%
Tech-related hiring in India is witnessing a sharp decline, with software development job postings dropping 12.3% over three months, driven by AI adoption and automation trends.
SpaceX shares drop 5% premarket to $147 after $400B loss
SpaceX shares fell 5% in pre-market trading to $147, slipping below their $150 opening price amid a broader technology stock selloff impacting global markets.
Randstad Digital finds AI trainer demand surges 281% since 2021
Demand for AI Trainers has surged 281% globally as companies shift from experimenting with AI to deploying it at scale, according to a Randstad Digital report.
Bajaj Capital appoints Jai Bajaj as MD and CEO
Bajaj Capital has named Jai Bajaj as its Managing Director and CEO, succeeding Rajiv Bajaj, to bolster wealth management and drive digital transformation initiatives.
SpaceX market value poised to fall under $2 trillion
SpaceX shares have dropped for three consecutive sessions, shedding over $600 billion in value and nearing a market capitalization below $2 trillion amidst tech stock selloffs.
Ola Electric stock rises after BIS certifies LFP 46100 cell
Ola Electric Mobility's stock surged nearly 3% after its subsidiary, Ola Cell Technologies, secured BIS certification for its indigenously developed LFP 46100 battery cell.
India's Economic Survey 2025-26 urges minimum pay for gig workers
The Economic Survey 2025-26 highlights that 40% of gig workers in India earn below ₹15,000 monthly, urging minimum per-task earnings to ensure fair wages.
India IT sector falls 2% after Accenture forecast, AI concerns
India's IT index dropped 2% as AI-related uncertainties and weak demand signals weighed on the sector, with TCS, Wipro, and Infosys leading losses.
Bharti Airtel increases stake in Africa subsidiary to 79%
Bharti Airtel has announced a major increase in its stake in Airtel Africa. The company now owns around 79% of the African subsidiary, up from 62.73% before the transaction.
Tata Motors Passenger Vehicles targets ₹6L/cr revenue by FY31
Tata Motors Passenger Vehicles aims to achieve over Rs 6 lakh crore revenue by FY31, driven by EV and CNG sales alongside production capacity expansion to 1.3 million units.
Indian CoinSwitch and Mudrex offer tokenized US stocks from ₹1,000
Indian crypto platforms like CoinSwitch and Mudrex are expanding into tokenised real-world assets, offering fractional ownership of US tech stocks to attract retail investors.
Bitcoin at $62,900 down 2.1% amid U.S.-Iran talks, cheaper oil
Bitcoin traded near $62,900 as easing US-Iran tensions and stabilizing institutional inflows bolstered market sentiment despite broader crypto market weakness.
Kalshi halts Indian users' trading after India's new gaming ban
US-based prediction market Kalshi has restricted Indian users from trading event contracts after India's IT ministry blocked such platforms under new online gaming regulations.
Teen Ayush Singh reportedly earns ₹1cr monthly teaching AI online
Ayush Singh, a self-taught AI entrepreneur, began his journey at 13 during the Covid pandemic and now earns Rs 1 crore monthly through his innovative AI-focused venture.
UPI, Aadhaar power 61% payments at semi-urban and rural stores
UPI and Aadhaar banking account for 61% of transactions at semi-urban and rural MSME stores, while AI adoption rises with 71% using AI tools for business operations.
Gold loans in India triple to 19.4L/cr, FY26 up 84%
Gold loans surged 84% year-on-year in FY26, tripling the industry portfolio to ₹19.4 lakh crore by March 2026, driven by rising gold prices and evolving consumer behavior.
Samsung, 1st to market, posts over $1 billion HBM4 sales
Samsung Electronics achieved over $1 billion in sales for its HBM4 chips within four months, driven by surging demand for AI hardware since mass production began in February 2026.
Judge allows most claims in Workday AI discrimination suit
Workday's AI-powered HR software is accused of discriminatory practices, violating California law and federal disability protections, as a judge allows the lawsuit to proceed.
Akasa Air plans 30% FY27 capacity increase across India
Akasa Air plans a 30% capacity growth in FY27, leveraging strong capitalization and maintaining long-term strategies despite geopolitical challenges and rising operational costs.
Reliance removes royalty fees for Jio brand in IPO filing
Reliance Industries Ltd (RIL) has decided not to charge any royalty to Jio Platforms Ltd for using the 'Jio' brand, simplifying financial arrangements ahead of its IPO.
Indian markets slump as Nifty down 300-plus Sensex down 500-plus
Indian markets plunged on June 23, with Nifty losing over 300 points, driven by global tech sell-offs, a stronger US Dollar, and sectoral weakness in Metals and IT.
From delivery boy to WhatsApp head: Kunal Shah's journey
Kunal Shah, the founder of fintech unicorn CRED, has been appointed as the global head of WhatsApp.
Japan's Nikkei falls 3.6% to below 70,000 after rally
Japan's Nikkei index fell 3.6% to a one-week low as profit-taking hit AI and semiconductor stocks, following a rally that had driven record-breaking gains.
Square Yards raises 900 cr and becomes unicorn, prepares IPO
Square Yards has achieved unicorn status after raising Rs 900 crore in a funding round led by EAAA Alternatives and Muzinich & Co., boosting its valuation beyond $1 billion.
JM Financial Mutual Fund launches Multi Asset Allocation Fund NFO
JM Financial Mutual Fund introduces a diversified multi-asset allocation fund, open for subscription from June 24 to July 8, 2026, targeting long-term wealth creation.
India's private sector growth slows to 3-month low
India's private sector growth slowed down in June, hitting a three-month low.
Tech selloff hits markets after South Korea AI chip news
US stock futures plunged as technology shares tumbled globally, triggered by South Korea's KOSPI crashing 10% amid concerns over AI-driven valuations and slowing chip production.
PwC Global Chairman Mohamed Kande says AI is creating jobs
PwC Global Chairman Mohamed Kande argues AI adoption is driving workforce expansion, enabling new roles and boosting productivity, rather than causing widespread job losses.
Innov8 acquires Vatika Business Centres to expand flexible workspace options
Innov8 has acquired Vatika Business Centres, adding 11 prime locations across major Indian cities to its portfolio, strengthening its presence in key commercial hubs.
Indian AI stocks and data centers slide amid valuation concerns
Shares of Netweb, Orient Technologies, and E2E Networks fell up to 3% on Tuesday as global AI stock volatility impacted Indian markets. Black Box defied the trend, rising 3.26%.
Why chairman, senior partners of KPMG Australia have resigned
KPMG Australia's Chairman Martin Sheppard and two senior partners, Paul Rogers and Eileen Hoggett, have announced their resignations.
Rafael Oliveira is 1st outsider to become Heineken CEO
Heineken has appointed Rafael Oliveira as its new Chief Executive Officer (CEO), in a major shift for the company.
Why Apple is facing an antitrust complaint in China
A group of 48 iOS developers has lodged a complaint against Apple with China's State Administration for Market Regulation.
Sony planning 1st US dollar bond sale since 1998
Sony is gearing up for its first US dollar bond sale since 1998.
Domino's Pizza appoints veteran Joe Jordan as CEO
Domino's Pizza has appointed Joe Jordan as its new chief executive officer (CEO), effective October 1.
Bengaluru ad-tech Indegene leverages AI for digital pharma marketing
Indegene leverages acquisitions and AI to transform drug commercialisation, aiming to capture a significant share of the $60 billion outsourced pharma sales and marketing market.
Sensex and Nifty slump as foreign investors sell ₹635.91cr
Sensex plunged 1,000 points from its intraday high, while Nifty neared 23,800 as weak global trends and FII selling triggered a broad-based sell-off across sectors.
New Delhi meeting advances India US trade deal talks
US Ambassador Sergio Gor met Commerce Minister Piyush Goyal in New Delhi as India seeks tariff relief and improved market access under the proposed bilateral trade agreement.
Richard Liu warns robots could replace JD.com's 700,000 couriers
Chinese e-commerce giant JD.com warns that robots could replace 700,000 delivery workers. Pilot projects are underway as automation reshapes the future of logistics.
SEBI seeks feedback while simplifying exchanges and clearing corporations' rules
SEBI is overhauling regulations for stock exchanges and brokers, aiming to simplify compliance, reduce redundancies, and introduce streamlined frameworks for market operations.
South Korea's KOSPI pauses 20 minutes after over 8% decline
South Korea's Kospi index plunged over 8% on June 23, led by semiconductor giants Samsung Electronics and SK Hynix, amid profit-taking and concerns over AI-driven valuations.
Sensex tanks 900 points: What's behind today's selloff?
The Indian stock market witnessed a downturn on Tuesday, with the S&P BSE Sensex falling nearly 900 points and the NSE Nifty50 slipping below the 23,850 mark.
Vedanta stock falls over 7% after 6.5 crore block deal
Vedanta Ltd shares dropped over 7% after a block deal involving 6.5 crore shares, likely sold by promoter Twin Star Holdings, at a discount to the previous close.
NPCI to enable e-mandate tracking on all UPI apps
The National Payments Corporation of India (NPCI) is working on a new feature to simplify the management of electronic mandates for consumers.
Sensex ends at 77,123.82, Nifty closes at 24,123.65 after losses
Sensex rebounded 250 points from its day's low, while Nifty reclaimed the 24,100 mark as easing crude prices and lower volatility boosted investor sentiment.
KPMG Australia chairman Sheppard and partners resign over Lendlease claims
KPMG Australia's chairman and two senior partners have stepped down following allegations of misusing confidential client information to secure audit contracts.
Sunil Subramaniam: India defense exports to hit 60000-65000cr by 2030
India's defence exports may reach ₹65,000 crore by 2030, surpassing targets, with private sector startups driving innovation in drones and UAVs for global markets.
NC-JCM staff side asks Eighth CPC for pay HRA pensions
Central government employees have submitted demands to the 8th CPC, seeking higher HRA rates of up to 40% in metro cities and significant pension reforms for retirees.
Masayoshi Son: Elon Musk's space data centers don't suit AI
SoftBank's Masayoshi Son criticized Elon Musk's vision of space-based data centers, emphasizing Earth's infrastructure as pivotal in the fast-evolving AI competition.
India private sector growth cools as HSBC PMI hits 57.4
India's private sector growth hit a three-month low in June, with the Composite PMI dropping to 57.4 as weaker demand and declining business confidence weighed on activity.
Deutsche Bank cuts gold forecasts amid US interest rate concerns
Deutsche Bank has slashed its gold-price forecasts by up to 22%, citing waning investment demand and uncertainty surrounding US monetary policy.
Tencent pivots from gaming investments to AI and user-created games
Tencent is reviewing its stakes in Japanese game studios, including Marvelous Inc., as it pivots toward AI-driven growth and co-produced, user-generated gaming strategies.
Citi raises S&P 500 target to 8,100 on AI earnings
Citi's Drew Pettit highlights resilient AI-driven earnings momentum, raising the S&P 500 target to 8,100 amid strong structural growth in semiconductors and technology.
SEBI to simplify rules for stock exchanges and clearing corporations
Sebi proposes consolidating and simplifying regulations for stock exchanges by removing outdated provisions, reducing compliance burdens, and introducing a single master circular.
Rupee drops to ₹94.69 as dollar nears 13-month high
The rupee weakened by 6 paise to 94.69 against the US dollar on Tuesday, pressured by a stronger greenback and foreign outflows, despite easing crude oil prices.
SEBI proposes direct market access for retail investors
The Securities and Exchange Board of India (SEBI) has proposed a major change in its technology regulations for stock exchanges and other market infrastructure institutions (MIIs).
Standard Chartered: Asia ex-Japan to lead 2026-27 earnings growth
Standard Chartered upgrades Asia ex-Japan equities to overweight, citing AI-driven growth and semiconductor strength as key drivers for robust earnings in 2026-2027.
Indian stock markets pause as investors await fresh catalysts
Indian share markets opened flat on Tuesday after recent gains, while the rupee weakened by 11 paise to 94.74 against the US dollar in early trade.
India 10-year yield 6.84% as Brent drops under $80
The benchmark 10-year bond yield opened largely unchanged at 6.8406% on June 23, as cooling oil prices and easing US-Iran tensions kept traders cautious.
Indian markets dip as big tech drags, midcaps edge up
Indian stock markets witnessed subdued trading on Tuesday as IT stocks led declines, with Sensex dipping over 8 points and Nifty slipping around 32 points.
Quess Corp: 350,000 AI openings in India in 3 months
India reported 3.5 lakh AI-related job openings in the past quarter, driven by rising demand for deployment-ready talent despite concerns over AI's impact on employment.
IRDAI draft rules curb mis-selling and ease foreign reinsurer entry
Irdai's proposed rules aim to curb mis-selling, reshape investment norms, ease foreign reinsurer entry, and introduce mergers with non-insurance firms under amended insurance laws.
SpaceX shares plunge 32% in 3 sessions, wiping out $600B
Elon Musk's SpaceX is facing a major setback on the Nasdaq, with its shares plummeting by 16% on Monday. This marks the third consecutive day of decline for the company.
India's PPFAS Flexi Cap raises IT stake despite AI fears
India’s largest actively managed equity fund, PPFAS Flexi Cap, is increasing exposure to undervalued IT stocks, countering AI disruption fears as valuations hit multi-year lows.
Indian markets pause after weeklong rally, Sensex dips 77.92 points
Benchmark indices opened lower as IT stocks dragged, with Infosys falling 3%. Nifty managed to stay above 24,000 despite broader market resilience and easing crude oil prices.
Baseten founded by Australians raises $1.5 billion valued $13 billion
California-based AI startup Baseten, co-founded by Australians, secured $1.5 billion in funding, with Australia's Blackbird VC making its largest-ever investment.
SpaceX loses $600 billion in 3 days after $75B IPO
SpaceX's valuation plummeted by over $600 billion in just three trading sessions, a loss nearly three times the combined wealth of Mukesh Ambani and Gautam Adani.
Rupee opens almost unchanged at 94.69/dollar amid Fed worries
The Indian rupee opened steady at 94.69 against the US dollar, supported by softer crude prices, though expectations of Federal Reserve rate hikes may limit significant gains.
SpaceX sells bonds to fund AI and space tech projects
SpaceX, fresh off its record-breaking IPO, has entered the bond market to secure funding for ambitious AI infrastructure and Starship development amid soaring expansion costs.
Citi rates Meesho buy with ₹210 target citing marketplace-led approach
Citi initiated coverage on Meesho with a 'Buy' rating and a ₹210 price target, citing its value-focused model and strategic differentiators in the e-commerce space.
Income tax e-filing now lets PAN holders correct payment errors
The Income Tax Department now allows taxpayers to correct specific challan errors online, reducing delays in tax credit reflection and simplifying compliance processes.
Why Uber's board is being sued by shareholders
Uber's board of directors has been sued by shareholders for allegedly allowing the company to bypass compliance protocols.
Advit Jewels launches ₹165.20cr IPO priced ₹130-₹138, retail minimum 35%
Advit Jewels’ ₹165 crore Initial Public Offering opens today, with a price band of ₹130-₹138 per share. The Jaipur-based jewellery maker offers 1,19,68,000 fresh equity shares.
EV maker Lucid cuts 18% of workforce
Lucid Motors, the Saudi-backed electric vehicle (EV) maker, has announced a major job cut.
Moody's rates SpaceX Baa1 despite cash burn citing leadership
Moody's awarded SpaceX a Baa1 investment-grade rating despite its significant cash burn, rising debt projections, and heavy capital spending anticipated in the coming years.
Waterways Leisure Tourism opens IPO today to raise ₹585 cr
Waterways Leisure Tourism's ₹585 crore IPO opens for subscription on June 23, with a price band of ₹769-₹808 per share and no Offer for Sale (OFS) component.
Sony returns to US dollar bond market after 1998 hiatus
Sony Group Corp. is preparing its first US dollar bond sale since 1998, aiming to raise funds for corporate purposes amid tightening monetary policies by the Bank of Japan.
Pfizer's sigvotatug vedotin fails to extend survival versus docetaxel
Pfizer's experimental lung cancer drug, sigvotatug vedotin, failed to improve survival in a key trial, marking a setback for its $43 billion Seagen acquisition.
Oracle cuts 21,000 jobs as AI adoption trims workforce
Oracle has eliminated 21,000 jobs over the past year, citing AI-driven operational changes and financial pressures, including $1.8 billion in restructuring costs.
Alphabet stock falls 7.2% after John Jumper, Noam Shazeer exits
Alphabet Inc. shares plunged over 7% following the departure of key AI leaders, including DeepMind VP John Jumper, as competition from Anthropic and OpenAI intensifies.
SpaceX led by Elon Musk loses $400 billion in valuation
SpaceX's valuation plunged by $400 billion on Monday as rising US bond yields and investor concerns over AI spending triggered a massive sell-off in technology stocks.
Binance tightens data rules for Indian users starting June 22
Binance has introduced stricter crypto withdrawal and deposit procedures for Indian users, aligning with local regulatory requirements to enhance transaction traceability.
Domino's names Joe Jordan CEO as Weiner becomes executive chairman-designate
Domino’s Pizza has appointed Joe Jordan as its next CEO, tasking the company veteran with steering the chain through slowing sales and rising competition.
India faces over 1 million AI professional shortfall by 2027
India faces a critical AI talent shortage, with over 1 million professionals needed by 2027, hindering companies' ability to scale AI projects from pilot phases to full deployment.
Palo Alto Networks expands India operations to combat AI threats
India's top firms in banking, telecom, and infrastructure are globally recognized for their advanced cybersecurity measures, says Palo Alto Networks president William D Jenkins Jr.
NPCI to list UPI subscriptions centrally, cancelations via original apps
NPCI is developing a unified interface for all UPI apps, enabling users to view e-mandates centrally, while cancellations will still require accessing the original booking app.
Info Edge's AI investments more than doubled to ₹1,268cr
Info Edge founder Sanjeev Bikhchandani's AI startup investments have doubled to ₹1,268 crore, just a week after India celebrated its first sovereign AI unicorn, Sarvam.
SpaceX secondary shares fall 13% Monday, erasing over $200B valuation
SpaceX shares have nosedived to $158, marking a sharp decline from their peak of $225 last week, as investor confidence wanes despite a major AI partnership.
Alphabet stock falls 7% risking $270 billion in value
Alphabet's stock dropped 7%, erasing $270 billion in market value, after two prominent AI researchers departed for rival firms, sparking fears of losing ground in the AI race.
Definium's LSD-based DT120 eases depression and sparks 50% stock surge
Definium Therapeutics' shares soared 50% after its LSD-based pill, DT120, showed unprecedented efficacy in reducing major depression symptoms during a late-stage trial.
Switzerland speeds TEPA implementation after Commerce Minister Piyush Goyal's visit
Switzerland is expediting the Trade and Economic Partnership Agreement (TEPA) with India, effective October 2025, to enhance trade, investment, and industrial collaboration.
Advit Jewels secures 49.52cr from anchor investors pre IPO
Advit Jewels Ltd raised ₹49.52 crore from anchor investors, including Holani Venture Capital Fund and Taurus Mutual Fund, ahead of its ₹165.16-crore IPO opening on June 23.
SpaceX taps bond market after IPO, Elon Musk keeps control
SpaceX taps the bond market post-IPO, leveraging its $100.8 billion cash reserves to fund AI and next-gen rocket projects while restructuring short-term debt.
Micro AGI's shift offers free NYC cleaning while training AI
An AI startup, Micro AGI, is offering free apartment cleaning in New York City to collect training data for robotics, sparking privacy concerns and ethical debates.
Bending Spoons plans $1.62B US IPO to list on Nasdaq
Italian tech firm Bending Spoons, owner of Vimeo and WeTransfer, aims to raise $1.62 billion in a Nasdaq IPO, potentially valuing the company at $19 billion.
Tata Electronics confirms cyberattack after hackers leak over 200,000 files
Tata Electronics has confirmed a cyberattack after over 200,000 files, allegedly containing Apple and Tesla data, were leaked on the dark web by ransomware group World Leaks.
SEBI plans to allow retail investors direct market access
SEBI proposes extending Direct Market Access to retail investors, alongside a comprehensive update of technology regulations for market infrastructure institutions.
Reserve Bank of India flags CPI inflation rise to 3.9%
The RBI Bulletin highlights global economic fragility amid the West Asia conflict, with rising inflation and energy price disruptions.
Shareholders sue Uber board over sexual assault and harassment claims
Shareholders filed a lawsuit against Uber's board, alleging negligence in addressing compliance issues linked to sexual misconduct lawsuits and regulatory violations.
TCS to meet July 9 on Q1 results, dividend decision
TCS will announce its Q1FY27 results and consider an interim dividend on July 9, 2026. The record date for eligible shareholders is set for July 18, 2026.
SpaceX lands potential $6.3B Colossus deal with Reflection AI
SpaceX stock fell 7% on Monday amid recent declines, as the company signed a $6.3 billion AI infrastructure deal with Reflection AI, showcasing its growing push into the AI market.
Vodafone Idea takes 1,182 cr from promoter Aditya Birla Group
Vodafone Idea raised Rs 1,182 crore from Aditya Birla Group via warrants, aiming to address financial obligations and support its ambitious Rs 1 lakh crore cash generation target.
Goldman trims US recession risk to 15% after Iran deal
Goldman Sachs reduced the 12-month US recession probability from 25% to 15%, citing lower energy prices and improved labor market conditions following a peace deal with Iran.
CBI arrests Devang Mody and Ravindra Sudhalkar in ₹7,623cr probe
The CBI has arrested ex-CEOs Devang Mody and Ravindra Sudhalkar for alleged ₹7,623 crore bank fraud linked to Reliance ADA Group companies, impacting multiple public sector banks.
Google invests $75 million in A24 and Alphabet stock falls 6.7%
Alphabet shares dropped 6.7% despite a $75 million AI partnership with A24, as investors focused on key AI talent departures and competitive pressures in the evolving AI landscape.
US sanctions on Iranian oil suspended until August 21
The United States has issued a 60-day waiver on sanctions against Iranian oil, allowing the country to produce, export, and sell its crude until August 21.
India imposes 5-year anti-dumping duty on key chemical from China
India has imposed a five-year anti-dumping duty on a key chemical used in rubber and tire manufacturing.
Will Calcutta Stock Exchange make a comeback?
The West Bengal government has proposed a revival plan for the Calcutta Stock Exchange (CSE), which has been dormant for over a decade.
FIFA World Cup effect: JPMorgan employees can work from home
The FIFA World Cup is giving office workers an unexpected break by allowing them to work from home.
IIT Roorkee sets up ₹1,000cr fund for deep-tech start-ups
The Indian Institute of Technology (IIT) Roorkee has announced a ₹1,000 crore Super Endowment Fund in partnership with IvyCap Ventures and NuQuant.
'Eat faster or work longer': Viral lunch-break notice angers netizens
A controversial office notice has gone viral on social media, sparking widespread criticism and debate over workplace culture and employee rights.
This Nandan Nilekani-backed ₹2,500cr fund will support early growth-stage start-ups
Fundamentum Partnership, a venture capital firm co-founded by Infosys co-founder Nandan Nilekani and former Helion Venture Partners executive Sanjeev Aggarwal, is planning to launch its third fund.
₹4,225cr+ in penalties: How CCI is transforming businesses in India
The Competition Commission of India (CCI) has been cracking down on anti-competitive behavior with a vengeance, racking up penalties worth over ₹4,225 crore in 54 cases over the last five fiscal years.
Kunal Shah becomes WhatsApp head, Meta invests $900M in CRED
Meta Platforms has invested $900 million (approximately ₹8,550 crore) in Indian fintech start-up CRED during its Series H funding round.
Getty Images stock soars 200% on OpenAI partnership
Getty Images' stock price surged over 200% in premarket trading today, following the announcement of a partnership with OpenAI.
India's core sector growth slows to 7-month low
India's core sector growth has slowed down sharply to a seven-month low of 0.5% in May, data released by the government showed.
SpaceX shares fall for 3rd straight session
SpaceX's stock has witnessed a sharp decline in premarket trading today, falling over 5%.
Who's Vikas Garg, businessman whose ₹940cr assets face ED action?
The Enforcement Directorate (ED) has provisionally attached assets worth ₹940 crore owned by businessman Vikas Garg.
FAAMNG firms hire 13,600 workers in India this year
The FAAMNG group, which includes Facebook (now Meta), Amazon, Apple, Microsoft, Netflix and Google as well as their affiliates, has hired some 13,600 people in India so far this year.
Aditya Birla Group will now make bicycle components
Aditya Birla Group's Hindalco Industries has commissioned a new manufacturing facility for aluminum bicycle components.
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.
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.
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.
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.
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.
RBI revises Kisan Credit Card rules
The Reserve Bank of India (RBI) has announced major changes to the Kisan Credit Card (KCC) Scheme.
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.
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.
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.
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.
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.