Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Glydways backed by Sam Altman seeks $250 million to surpass $1B
Sam Altman-backed robocar startup, Glydways Inc., is in discussions to raise $250 million in a new funding round, potentially valuing the company at over $1 billion.
Rupee falls to 93.44 against US dollar amid oil, inflation
The Indian rupee fell by 9 paise to settle at 93.44 against the US dollar, influenced by rising crude oil prices and higher domestic inflation data.
Avi Polymers launches KrishiBuddy AI app for small Indian farmers
Avi Polymers has launched KrishiBuddy, an AI-powered smart farming platform developed by AVI Eco Spark, to assist India's smallholder farmers.
Netflix shifts strategy toward content and ads ahead of earnings
Netflix is set to prioritize ad business growth and content spending following its unsuccessful attempt to acquire Warner Bros Discovery.
Gold rises 5% to ₹154,817 while silver hits ₹252,750
Gold prices surged past $4,840 and silver topped $80 as the dollar weakened due to potential US-Iran negotiations easing geopolitical tensions.
India's trade deficit narrows to $20.98 billion in March 2026
India's merchandise exports increased by 6.3% to $38.92 billion in March 2026, significantly narrowing the trade deficit to $20.98 billion.
LIC shares jump to ₹831.5 after 1st 1-for-one bonus issue
Shares of Life Insurance Corporation of India (LIC) rose by 3.5% after announcing a 1:1 bonus issue, marking its first since listing.
Flipkart and Uber offer Flipkart SuperCoins worth 4% of fares
Flipkart and Uber have partnered to integrate Flipkart's 'SuperCoins' reward programme into Uber's services, allowing users to earn rewards on their rides.
India's trade deficit $119.3 billion 2025-26 driven by import surge
India's trade deficit swelled to $119.3 billion in FY26, fueled by a 6.4% increase in imports. Concurrently, exports experienced a moderate growth of 4.2%.
India to operationalise UK and Oman FTAs, sign NZ pact
India is set to bolster its global commerce role in 2026 with key free trade agreements (FTAs) with the UK, Oman and New Zealand.
Air New Zealand will let you sleep in bunk beds
Air New Zealand is set to revolutionize long-haul travel with its new Economy Skynest sleeping pods.
Air India seeks funds from shareholders after ₹22,000cr loss
Air India has reported a massive annual loss of over ₹22,000 crore ($2.4 billion).
Richest Australian Gina Rinehart ordered to share mining fortunes
Gina Rinehart, Australia's wealthiest person with an estimated net worth of A$38 billion ($27 billion), has been ordered by a court to share some of her riches.
You can soon buy insurance from Muthoot Finance
Muthoot Finance, a leading player in the financial services sector, is planning to expand its business operations by venturing into the insurance distribution space.
Snap might lay off 20% of its workforce
Snap Inc, the parent company of Snapchat, is gearing up for major layoffs, according to tech reporter Alex Heath.
Your Lufthansa flight tomorrow might get canceled
Lufthansa passengers may face disruptions this week as the airline's pilots have announced another two-day strike in Germany.
How Anthropic's new AI model will affect Indian IT stocks
The Indian IT sector is facing a downturn, with Nifty IT index falling by 17% in 2026.
Tech Mahindra denies allegations of religious discrimination at workplace
Tech Mahindra has strongly denied allegations of religious discrimination within its offices.
India's March 2026 trade deficit $20.98bn, merchandise exports down 7%+
India's merchandise trade deficit shrank to $20.98 billion in March, significantly lower than economists' predictions of $32.75 billion.
Did Zoho fire 300 freshers? Here's what the company said
A viral post on X has claimed that Zoho, a leading Indian tech company, has laid off nearly 300 freshers without notice.
India slips to 6th largest economy as UK moves ahead
India has fallen to the sixth position in global GDP ranking for 2025 and 2026, but is projected to rise to fourth by FY28, according to recent IMF data.
AI skills vital for Indian tech roles says Graig Paglieri
AI's integration into decision-making is rapidly becoming a crucial performance indicator, according to Graig Paglieri, CEO of Randstad Digital.
Tata Sons probes workplace conduct after TCS Nashik allegations
Following serious allegations at Tata Consultancy Services' Nashik unit, Tata Sons has ordered a comprehensive review of workplace conduct across its group companies.
Gold, silver slip in India, 24K at ₹1.54L per 10g
Gold prices in India saw a slight decrease, trading around ₹1.54 lakh per 10 grams, while silver traded near ₹2.52 lakh per kilogram.
Gallup finds half of US workers use AI, 28% weekly
Half of US employees now use AI at work, but they waste nearly 8 hours weekly managing these tools, according to a recent Gallup report.
Sensex and Nifty surge 8.5% in April after U.S.-Iran cease-fire
Indian markets have seen a strong rally in April, with Sensex and Nifty rising 8.5%, yet they remain 5% below their levels prior to the US-Iran conflict.
India's wholesale inflation rises to 12-month high
India's wholesale price inflation (WPI) surged to a 12-month high of 3.88% in March, up from February's 2.13%, government data released today showed.
Air India posts over ₹22,000cr loss seeks Tata Group help
Air India Ltd. has requested financial assistance from shareholders Tata Group and Singapore Airlines Ltd., following a larger-than-anticipated annual loss of over $2.4 billion.
Gold ETFs deliver nearly 63% gains amid rising gold prices
Gold exchange-traded funds (ETFs) have seen up to 63% returns in the past year, driven by a surge in gold prices and increased investor demand.
Bitcoin steadies near $74,100 as Ethereum trades near $2,300
Bitcoin's price consolidates near $74,100 following a pullback from its recent rally, as profit booking offsets strong accumulation trends.
World Bank mobilizes up to $100bn for Middle East fallout
The World Bank may mobilise up to $100 billion in the next 15 months for countries severely impacted by the Middle East war, according to President Ajay Banga.
AI reshapes India's IT hiring, freshers face 20-25% fewer openings
Artificial Intelligence (AI) is causing a 20-25% decline in entry-level IT roles in India, pushing the industry towards more specialised hiring.
India's gems and jewelry exports fall 35% in March
India's gems and jewelry exports have witnessed a sharp decline of 35.23% year-on-year to $1,783.67 million (₹16,597.20 crore) in March 2026.
Groww parent hits 52-week high after Bank of America target
Shares of Billionbrains Garage Ventures, Groww's parent company, hit a 52-week high after Bank of America Securities initiated coverage with a 'Buy' rating.
Muthoot Finance seeks shareholder approval to enter IRDAI-regulated insurance distribution
Muthoot Finance is planning to enter the insurance distribution business, pending shareholder approval and regulatory compliance.
Why is Elon Musk facing heat over X Money?
Senator Elizabeth Warren has raised concerns over Elon Musk's upcoming payments platform, X Money.
LIC shares up almost 5% today: Here we decode why
Shares of the Life Insurance Corporation of India (LIC) surged nearly 5% today to ₹835.55 apiece after the company announced its first-ever bonus issue.
U.S.-Iran talks calm AI fears boost Indian IT stocks 5%
IT stocks, including Infosys, TCS, and Wipro, surged up to 5% due to fresh hopes for Iran-US peace talks and easing AI disruption concerns.
Ola Electric shares rally over 72% amid renewed investor interest
Ola Electric's shares have surged over 70% in 15 days, driven by improved operational metrics, positive policy developments, and strong demand momentum.
Ola Electric stock rebounds 6% amid LFP ramp, secures PLI
Ola Electric's shares rebounded by 6% following a sharp drop, continuing their unstable trading pattern despite promising EV developments.
8th Pay Commission: Staff body seeks ₹69,000 basic, 6% hike
The staff side of the National Council-Joint Consultative Machinery (NC-JCM) has submitted a 51-page memorandum to the proposed 8th Central Pay Commission.
Auraska Ventures launches ₹500Cr fund for India's Orange Economy
Auraska Ventures is launching a ₹500 crore Category II AIF, targeting India's emerging cultural economy, diverging from the popular fintech and SaaS sectors.
Disney begins layoffs, plans to cut 1,000 jobs
The Walt Disney Company has initiated its latest layoff round expected to cut 1,000 jobs across the company.
Tech Mahindra rejects 'Footwear-Free zone' claim after internal review
Tech Mahindra has denied social media allegations of religious bias and misconduct in its offices, labeling them as inaccurate and unfounded.
Sensex jumps over 1,300 points as Nifty rises over 400
The Sensex and Nifty indices experienced a significant surge from their April 13 lows, driven by the prospect of renewed US-Iran talks.
Sensex jumps 1,300 points on falling crude prices, US-Iran talks
India's benchmark stock indices, the Sensex and Nifty, opened sharply higher on Wednesday. The surge comes after a decline in crude oil prices and renewed hopes of US-Iran talks.
Saudi Arabia provides $3bn deposit and $5bn rollover to Pakistan
Saudi Arabia has committed an additional $3 billion in financial support to Pakistan, aiding in upcoming debt repayments.
Amazon buys Globalstar for $11.6B to rival Musk's Starlink
Amazon has announced its plan to acquire satellite company Globalstar in a deal worth $11.57 billion.
Brent crude rises to $95 after Trump mentions Iran talks
Brent crude oil futures saw a slight increase on Wednesday, despite indications of upcoming US-Iran talks from President Donald Trump.
Oil prices dip below $95 as US-Iran war fears ease
Oil prices have declined for the second consecutive day, amid hopes of renewed US-Iran negotiations.
Indian Sensex rises over 1,260 points as Nifty crosses 24,200
Sensex and Nifty indices opened higher on Wednesday due to hopes for renewed US-Iran peace talks and a drop in oil prices.
Indian rupee opens at 93.17 per US dollar amid optimism
The rupee opened stronger against the US dollar on Wednesday, driven by easing crude oil prices and improved global risk sentiment.
Wipro to buy Alpha Net Consulting contracts up to $70.8 million
Wipro Ltd. has secured select customer contracts from Alpha Net Consulting LLC for up to $70.8 million, aiming to bolster its AI services and consulting capabilities.
Anand Rathi posts 126% Q4 FY26 net profit ₹41.5cr
Anand Rathi Share and Stock Brokers reported a 126% YoY surge in consolidated net profit for Q4, driven by strong growth in non-broking segments and improved margins.
Indian rupee opens stronger at 93.17 vs US dollar
The rupee opened 21 paise higher against the US dollar on April 15, buoyed by falling crude oil prices and optimism over potential US-Iran peace talks.
India 10-year yield falls to 6.88% after oil, retail inflation
India's 10-year government bond yield fell by 5 basis points following softer inflation data and easing crude oil prices.
IMF warns governments to bolster cybersecurity after Anthropic AI concerns
The International Monetary Fund (IMF) has urged governments to proactively address the increasing threats posed by artificial intelligence (AI).
Oil prices ease after possible US Iran negotiations in Pakistan
Crude oil prices fell for the second consecutive day, dropping below $95 per barrel, as renewed U.S.-Iran negotiations raise hopes of easing Middle East supply disruptions.
Infosys announces 'silicon to application' AI approach for enterprises
Infosys has initiated its new "silicon to application" AI strategy, partnering with Nvidia and Intel, aiming to cover the entire AI ecosystem.
Investors question OpenAI IPO valuation after Anthropic triples revenue
OpenAI's hefty $852 billion valuation is being questioned by investors as rival Anthropic sees a significant rise in annualized revenue and market demand.
Nifty poised for 380 point jump as Gift Nifty 24,230
Indian markets are expected to witness a strong opening today, with Nifty potentially surging by over 380 points, buoyed by easing geopolitical tensions and positive global cues.
OpenAI CRO warns Microsoft partnership failing after $50B AWS deal
OpenAI's internal memo to employees candidly highlights the limitations of its foundational partnership with Microsoft, signaling a complex relationship.
Domestic mutual funds increased HDFC Bank stake despite March drop
HDFC Bank Ltd. shares plummeted over 15% in March, prompting most Indian mutual funds to increase their stakes, while two fund houses reduced theirs.
NSE loses 3.5 million active investor accounts in fiscal 2026
The National Stock Exchange of India witnessed a record drop of 35 lakh active investors in FY26, largely due to losses at leading discount brokers.
March 2026 saw ₹2.95L/cr withdrawn from India debt mutual funds
Debt mutual fund schemes experienced a record outflow of ₹2.95 lakh crore in March, a 50% surge year-on-year, amid liquidity needs and market shifts.
Kevin Warsh Fed nomination criticized over Trump influence before hearing
Kevin Warsh, President Trump's nominee for Federal Reserve chair, is scheduled to face a Senate confirmation hearing next week amid controversy and opposition.
US may reinstate tariffs after Supreme Court blocks emergency tariffs
Treasury Secretary Scott Bessent suggests that President Trump's tariffs could be reinstated by July following a Supreme Court setback.
Big tech firms cut thousands in India amid AI shift
The rise in artificial intelligence (AI) investments is leading to significant job cuts at major tech firms and global capability centres (GCCs) in India.
India plans price stabilization fund for gasoline, diesel and LPG
India is exploring the creation of a price stabilisation fund for petroleum products to manage supply disruptions and global price volatility.
HDFC Bank attracted ₹17,250cr mutual funds buying after chairman resignation
Mutual funds purchased HDFC Bank shares worth Rs 17,250 crore in March following a sharp stock correction triggered by the sudden resignation of its part-time chairman.
BlackRock posts standout Q1 2026 with $130B inflows, $12.53 EPS
BlackRock Inc. reported a net inflow of $130 billion in Q1, driven by its focus on higher-fee products, resulting in earnings surpassing estimates.
SEC approves FINRA plan removing pattern day trading $25,000 minimum
The US Securities and Exchange Commission (SEC) has approved a plan to remove day-trading restrictions for small investors, a move applauded by retail brokers.
IEA: Iran war holds up 13m bpd biggest supply disruption
The International Energy Agency (IEA) warns that crude oil prices will soon mirror the severity of the ongoing energy supply crisis caused by the Iran war.
Tata Group invests ₹1,500cr in Tata Electronics for iPhone manufacturing
Tata Group is amplifying its Apple iPhone contract manufacturing business with a fresh equity infusion of ₹1,500 crore into Tata Electronics.
US dollar faces 7th loss amid Iran talks, cooler PPI
The dollar experienced a seventh consecutive daily drop as optimism grows over potential U.S.-Iran peace talks, while U.S. inflation rates remain lower than anticipated.
IEA says global oil demand to fall for 1st time
The International Energy Agency (IEA) forecasts a decrease in global oil demand in 2026, marking the first decline since the 2020 pandemic.
Adani Energy Solutions activates 1,000MW HVDC link in Mumbai
Adani Energy Solutions Limited has commissioned a 1,000 MW HVDC transmission link in Mumbai to enhance power supply reliability and integrate renewable energy sources.
India's GDP to grow at 6.5% in FY27, says IMF
The International Monetary Fund (IMF) has revised India's GDP growth forecast for the current fiscal year to 6.5%.
Planning to take a home loan? Keep reading
Navigating the world of home loans can be tricky, especially for first-time buyers in India.
Business loans v/s personal loans: Key facts and differences
In India, both personal and business loans are crucial financial tools. However, they serve different purposes and come with different terms.
Billionaire Evergrande boss Hui Ka Yan pleads guilty to fraud
Hui Ka Yan, the billionaire founder of Evergrande Group and one of China's richest men, has pleaded guilty to fraud charges in a Chinese court.
Russia's fuel export revenues doubled to $19B in March
Russia's oil and fuel export revenues have almost doubled to $19.04 billion in March, a significant jump from February's $9.75 billion.
Akshaya Tritiya: Dubai shops see gold rush from Indian diaspora
The Dubai Gold Souk is witnessing a major rush this week, thanks to Dubai's large Indian diaspora celebrating Akshaya Tritiya.
Shocking! Amazon warehouse staff continue working as co-worker lies dead
In a shocking incident, an Amazon employee died at work in Troutdale, Oregon.
Air India's upgraded Boeing Dreamliner returns: What has changed?
Air India's first retrofitted Boeing 787-8 Dreamliner, VT-ANT, has returned to India after a nine-month refurbishment process in California.
IndiGo's limited-run summer sale makes flights cheaper: Check deals
IndiGo has launched a special 'Summer Getaway' sale, offering discounts of up to 10% on domestic and international flight bookings.
BharatPe co-founder Shashvat Nakrani steps down as operating chief
BharatPe co-founder Shashvat Nakrani has announced his resignation as the company's Chief Operating Officer (COO).
Income tax might be scrapped in 5 years. Reason? AI
Tom Blomfield, the founder of UK-based online bank Monzo, has warned that income tax may be replaced by a levy on artificial intelligence (AI) infrastructure within the next five to six years.
How US-Iran war has hit luxury shopping in UAE
The ongoing US-Iran conflict is having a major impact on Dubai and Abu Dhabi's luxury retail sector.
LinkedIn now pays you ₹14,000/hour to train AI models
LinkedIn is venturing into the emerging field of AI training by testing an "AI labor marketplace."
Why OpenAI investors are worried over its $852B valuation
OpenAI's staggering $852 billion valuation is under fire from some of its investors, the Financial Times reported.
Bitcoin hits 4-week high today: Here we decode why
Bitcoin, the world's largest cryptocurrency, has surged to a four-week high on the back of easing geopolitical tensions between the United States and Iran.
Why China's export growth saw sharp decline in March
China's export growth has witnessed a sharp decline in March, reflecting the impact of the ongoing war in Iran on the world's second-largest economy.
Bankers flag concerns over RBI's plan to delay UPI transfers
The Reserve Bank of India's (RBI) proposal to introduce a one-hour delay in processing high-value transactions above ₹10,000 to new payees has drawn criticism from bankers and fintechs.
Perplexity AI's revenue skyrockets to $500M after agentic pivot
Perplexity has witnessed a massive fivefold increase in its revenue, hitting the $500 million mark.
Gold, silver prices gain amid easing US-Iran tensions
Gold and silver prices witnessed an uptick on Tuesday, mirroring global trends as investors kept a close watch on geopolitical developments and their potential impact on inflation and economic stability.
Novo Nordisk partners with OpenAI to find next breakthrough drug
Danish pharmaceutical giant Novo Nordisk has announced a strategic partnership with OpenAI, the leading artificial intelligence (AI) research lab.
OpenAI's latest deal hints ChatGPT may soon manage your money
OpenAI has acquired personal finance start-up Hiro Finance, founder Ethan Bloch announced on LinkedIn. However, the terms of the deal were not disclosed.
Oil prices drop as US-Iran dialogue hopes rise
Oil prices have dropped below the $100 per barrel mark, amid hopes of renewed US-Iran dialogue.
ULIP v/s ELSS v/s NSC: All about these investment choices
Unit-linked insurance plans (ULIPs), equity-linked savings schemes (ELSS), and national savings certificates (NSCs) are popular investment choices in India.
Retail inflation in India surges to 3.4% in March
India's retail inflation has risen to 3.4% in March, up from 3.2% in February, according to data released today.
PPF v/s FD: Which gives you better earnings?
Public Provident Fund (PPF) and Fixed Deposits (FDs) are two popular investment options in India.
How new labor codes are impacting employee salaries
The new labor codes, which came into effect on November 21, 2025, are already impacting salary structures.
Head-mounted cameras on Indian garment workers fuel AI automation fears
Viral videos showing garment workers in India with head-mounted cameras have sparked a major debate online.
Y Combinator's 1st-ever start-up school in India begins this week
Y Combinator, one of the world's leading start-up accelerators, will hold its first-ever Startup School in India.
AC, power utility stocks surge today: What's the reason?
Shares of air-conditioning (AC) and power utility companies witnessed a significant rise today.
Why cigarette sales have gone down in India
A recent hike in excise duty on cigarettes and tobacco products has impacted the sales of ITC and Godfrey Phillips.
India tightens digital payments safety with new BIS guidelines
The Bureau of Indian Standards (BIS) has launched new guidelines to boost the security of India's digital payments system.
India's smartphone market sees steepest decline in 5 years
India's smartphone market has witnessed its weakest start to a calendar year in five years, with a 12% drop in volume and a 6% decline in value.
Meet Sharon Pais, new CEO of e-commerce giant Myntra
Myntra, India's largest fashion e-commerce platform and a key player in the Flipkart group owned by Walmart, has announced a major leadership change.
Why India's palm oil imports are down by 19%
India's palm oil imports fell by nearly 19% month-on-month in March, hitting a three-month low of 689,462 tons.
Start-ups face I-T department probe for misusing tax breaks
India's Income Tax Department is investigating several start-ups over alleged misuse of tax exemptions.
Aluminium prices touch 4-year high today: Here we decode why
Aluminium prices have hit a four-year high, surging by as much as 2% in London.
Tejas fighter jet's engines will now be repaired in India
GE Aerospace has announced plans to set up a facility in India for the repair of F404-IN20 engines used in Tejas fighter planes.
Are IMF's tax recommendations harming India?
India has received the highest number of regressive tax recommendations from the International Monetary Fund (IMF) between 2022 and 2024, a report by Oxfam has revealed.
How AI has affected customer support roles at Salesforce
Salesforce has announced that artificial intelligence (AI) is reducing the amount of customer support work.
Mounjaro maker to launch its oral weight-loss pill in India
Eli Lilly, a leading US pharmaceutical company, is planning to introduce its oral weight-loss drug, orforglipron, in India.
Gold could touch $6,000 by 2026-end, says Swiss bank
Union Bancaire Privee (UBP), a prominent Swiss private bank, is re-entering the gold market after a major position cut due to the Iran war.
Apple's AI chief to exit after 8 years
Apple's Artificial Intelligence (AI) head, John Giannandrea, is set to leave the company after nearly eight years.
Government bonds weaken after US-Iran talks fail
India's government bonds witnessed a major slump on Monday.
Ola Electric falls 7% after sharp 3-day surge
Ola Electric Mobility's shares fell by as much as 7% on Monday, hitting an intraday low of ₹37.96.
Crude oil futures are rising today: Here we decode why
Crude oil futures rose sharply today after the US announced a blockade on all maritime traffic to and from Iranian ports.
Indian rupee falls for 3rd consecutive session: What's the reason?
The Indian rupee has weakened for the third consecutive session today. The fall comes in line with losses in global equities and a stronger US dollar.
Sam Altman's home attacked again, 2 arrested for shooting
OpenAI CEO Sam Altman's residence in San Francisco was attacked again on April 12 (local time). The incident occurred just two days after an earlier attack.
Banks to remain closed on April 14
Banks in several parts of India will remain closed on April 14, 2026, due to various regional and national holidays.