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India Income Tax Act starts April 2026 30% above ₹24L
The new tax regime, effective April 1, 2026, retains existing slab rates with a maximum tax rate of 30% for incomes above Rs 24 lakh and offers marginal relief benefits.
Trump ends Iran agreement, confirms military strike, oil jumps 4%
Brent crude jumped 4.25% to $77.31 per barrel after President Trump declared the Iran MoU "over," sparking fears of geopolitical conflict and potential supply disruptions.
Microsoft cuts 4,800 jobs, offers US severance and benefits
Microsoft is laying off 4,800 employees globally, offering US workers up to 39 weeks of base salary, stock vesting, and health insurance as part of its standout severance package.
EPFO launches 2.01 platform unifying PF services for 34Cr users
EPFO has launched its revamped digital platform, EPFO 2.01, offering faster interest credits, simplified claim processing, and automatic PF transfers for over 34 crore subscribers.
Sensex falls 500 points after Donald Trump cuts Iran ties
Sensex plunged 700 points in 20 minutes after President Trump's remarks against Iran escalated tensions, following Tehran's retaliatory strikes on US bases in the Middle East.
Indian mutual funds overtake FIIs, manage ₹76.41L/cr by June 2026
India's mutual fund industry has surpassed foreign institutional investors in total assets under custody for the first time, driven by robust SIP inflows.
India leads global retail and FMCG GCCs per TeamLease Digital
India now hosts 180 retail and FMCG GCCs, surpassing global markets combined, with AI adoption driving demand for skilled professionals and accelerating hiring trends.
Google, India SME Forum find AI lifts MSME profits 30-35%
AI integration could enhance profitability for Indian MSMEs by 30-35%, with nearly 60% achieving double-digit revenue growth through digital adoption, a report reveals.
Two vendors file ₹40.6 cr insolvency petitions against Ola Electric
Ola Electric dismissed insolvency petitions as retaliatory tactics, citing pre-existing arbitration over ₹40.6 crore disputes related to component quality and warranty issues.
Google, India SME Forum: AI could unlock $490B+ for MSMEs
Google's report reveals that adopting AI could unlock over $490 billion in economic value for India's MSMEs, enhancing profitability by 30–35%.
SambaNova raises $1B after SN50 launch at $11B valuation
SambaNova Systems secured $1 billion in a Series F round led by General Atlantic, just five months after its $350 million Series E, boosting its valuation to $11 billion.
Meet Silvana Tenreyro, new chief economist of International Monetary Fund
The International Monetary Fund (IMF) has appointed Silvana Tenreyro as its new chief economist. She will replace Pierre-Olivier Gourinchas, who is returning to academia.
Sensex falls more than 500 points amid US Iran tensions
Sensex dropped nearly 600 points, while Nifty hovered near 24,200 as renewed U.S.-Iran tensions and rising crude oil prices dampened global risk appetite.
Sensex falls about 535 points after US strikes on Iran
Indian equity markets declined on Wednesday as escalating US-Iran tensions drove Brent crude prices above $76 per barrel, raising concerns over inflation and economic growth.
Gold and silver slip in India amid U.S.-Iran jitters
Gold and silver prices on MCX opened lower today, influenced by global bullion weakness as escalating US-Iran tensions boosted inflation fears and strengthened the dollar.
Rupee opens at 95.16 as oil rises, strikes hit Iran
The Indian rupee opened 19 paise lower at 95.16 against the US dollar on Wednesday, pressured by surging oil prices and heightened Middle East tensions impacting global markets.
IMF appoints Silvana Tenreyro chief economist to shape global advice
Silvana Tenreyro, former Bank of England and Federal Reserve economist, will lead IMF's research department starting August 10, succeeding Pierre-Olivier Gourinchas.
Gold falls to $4,100.32 amid dollar and oil gains
Spot gold prices fell to a one-week low of $4,100 per ounce as a stronger US dollar and rising crude oil prices dampened demand for the safe-haven metal.
Sensex declines 600 points: What's behind today's fall?
The Indian stock market witnessed a sharp decline on Wednesday, with benchmark indices Sensex and Nifty falling by over 0.7%.
Weak monsoon and rising costs hit India's rural microfinance repayments
India’s microfinance recovery is under threat as weak monsoons and rising inflation strain rural incomes, increasing default risks across the $35 billion sector.
Oil prices jump over 5% as US strikes Iran
Global oil prices have witnessed a sharp spike, with Brent crude rising by 5.49% to $75.94 per barrel and US West Texas Intermediate (WTI) crude increasing by 2.84% to $72.44 per barrel in early trade today.
Indian markets to open lower over Strait of Hormuz tensions
Nifty is expected to drop nearly 200 points at open, as escalating US-Iran tensions and negative global cues weigh on investor sentiment.
Adani Enterprises completes ₹15,000cr QIP share sale on July 7
Adani Enterprises successfully completed its ₹15,000 crore Qualified Institutional Placement, allotting shares to major investors like SBI MF, New World, and Eupac.
Oil prices rise nearly 3% after US strikes on Iran
Oil prices surged nearly 3% after U.S. military strikes on Iran reignited tensions in the Strait of Hormuz, a critical oil transit route, raising fears of further disruptions.
Oil rises after US strikes amid Strait of Hormuz tensions
Crude oil prices rose over 2% as US strikes on Iran and escalating tensions in the Strait of Hormuz pushed Brent crude above $75 per barrel.
Blue Tokai plans 120 new cafes, 800 total by 2030
Blue Tokai plans to expand its store network from 240 to 800 outlets by FY30, challenging Starbucks in India’s booming café market with a focus on premium coffee offerings.
ICAI launches ICAI TV 2.0 as central CA video hub
ICAI has launched ICAI TV 2.0, a modern digital platform offering CA students and members personalised features, 24x7 access, and over 4,700 educational videos.
Google Cloud announces hosting newest AI models in India
Google Cloud is set to host its latest AI models in India, emphasizing data sovereignty and establishing a hub of forward-deployed engineers to serve local and Asian markets.
Hitesh Joshi pilots Ragini AI to drive GIC Re growth
Hitesh Joshi, the newly appointed chairman of GIC Re, prioritizes resilience through AI adoption, portfolio rebalancing, and overseas market expansion to drive sustainable growth.
Rapido becomes a top Indian internet platform with 82 million MAUs
Rapido has surpassed Uber, Ola, Swiggy, Zomato, Zepto, and Blinkit in monthly active users, averaging 82 million between March and May 2026—a 67% year-on-year growth.
Google Cloud announces multi-year AI-ready data center build in India
Google Cloud CEO Thomas Kurian announced plans to establish additional AI-ready data centres in India, following the $15 billion Visakhapatnam facility unveiled in October 2025.
Rupee strengthens nearly 50 paise to 94.96 per US dollar
The Indian rupee surged 50 paise against the dollar as Saudi Arabia's crude oil price cuts for Asia and easing geopolitical tensions boosted market sentiment.
Indian 10-year yield seen at 6.64% on Bloomberg index hopes
India's benchmark 10-year government bond yields are expected to decline further, driven by softer US jobs data and easing Federal Reserve rate hike concerns.
US stocks slip as investors question AI chip hype
U.S. markets closed lower Tuesday, with the S&P 500 and Nasdaq weighed down by declining chip stocks amid doubts over the sustainability of the AI-driven rally.
Ingram Micro says India is now its 2nd biggest market
India has become Ingram Micro's second-largest market globally, driven by accelerated AI adoption, cloud spending, and data centre investments.
Amit Sharma exits Dream Sports CTO role after 10 years
Dream Sports CTO Amit Sharma is leaving after a decade-long tenure to launch an AI startup, following the company's recent shutdown of its AI-powered app, Dream Play.
Inspira Global acquires 41.78% of Restaurant Brands Asia for ₹2,235cr
Inspira Global finalized its ₹2,235-crore acquisition of Restaurant Brands Asia, gaining control of Burger King India and Indonesia's Burger King and Popeyes.
Rashtriya Chemicals and Fertilizers board clears ₹1500cr FPO, approvals pending
Rashtriya Chemicals and Fertilizers Ltd plans to raise Rs 1,500 crore through a Further Public Offering, subject to approvals from shareholders and government departments.
ideaForge to raise 500Cr via QIP at ₹795, shares fall
Drone maker ideaForge Technology Ltd has initiated a ₹500 crore qualified institutional placement (QIP) at an indicative issue price of ₹795 per share, marking a 5.4% discount.
US startup investments usually not directly taxable in India
Investing in a US startup using overseas savings may trigger Indian tax obligations, especially if shares are acquired below fair market value.
Gartner: Tiny AI-assisted teams will reshape software development by 2029
By 2029, 60% of organizations will adopt smaller software engineering teams, leveraging AI advancements to enhance efficiency and innovation, according to Gartner.
SEBI allows depositories spending up to 5% of IPF earnings
Sebi has allowed depositories to use up to 5% of annual income from the Investor Protection Fund for operational expenses, ensuring most earnings remain in the fund corpus.
India's domestic air travel reached 1.54cr passengers in May
India’s domestic air passenger traffic surged 11.6% month-on-month in May 2026, driven by stronger summer travel demand and improved seat utilisation across most airlines.
DXC Technology opens new Customer Experience Center in Bengaluru
DXC Technology has launched a 200,000-square-foot Customer Experience Center in Bengaluru, designed to accelerate AI adoption and foster customer collaboration.
Strand Life Sciences wins India patent for AI DNA test
Strand Life Sciences, a Reliance subsidiary, has obtained an Indian patent for its innovative DNA-based platform enabling early cancer detection through simple blood tests.
HCLSoftware acquires Jaspersoft to integrate into Actian and enhance analytics
HCLSoftware has acquired Jaspersoft, integrating its analytics platform into Actian's data and AI division to enhance capabilities in embedded analytics and business intelligence.
Government extends NPS life cycle funds to central autonomous bodies
The government has introduced Aggressive and Balanced Life Cycle Funds under the National Pension System for employees of central autonomous bodies.
UNCTAD: India FDI jumps 44% to $39 billion in 2025
India's foreign direct investment inflows rose by 44% to $39 billion in 2025, solidifying its position as a key global investment destination, according to a UN report.
SEBI's Rajesh Dangeti warns AI cannot automate accountability in finance
As AI transforms corporate operations, SEBI emphasizes that accountability remains a human responsibility, urging boards to prioritize governance beyond mere regulatory compliance.
Semiconductor stocks slide despite Samsung forecasting profit boost from AI
Micron and Intel shares dropped up to 8% as investor concerns over AI-driven semiconductor demand outweighed Samsung's strong earnings, triggering a broader chip sector selloff.
Adani Group's Mumbai duty free shops probed over nicotine pouches
Mumbai airport duty-free shops, operated by Gautam Adani's group, sold illegal nicotine pouches, violating Indian drug laws, sparking a legal battle over regulatory jurisdiction.
Nirmala Sitharaman urges Indian toymakers to target 25% global market
Finance Minister Nirmala Sitharaman urged Indian toymakers to target 25% of the global market, highlighting supportive government policies and a surge in exports.
Sudarshan Venu gets ₹64.22cr FY26 pay, tops Rajiv Bajaj
Sudarshan Venu, Chairman and Managing Director of TVS Motor, received a 46% pay hike in FY26, earning Rs 64.22 crore and surpassing Bajaj Auto’s Rajiv Bajaj in remuneration.
India clears Embraer's larger E-Jets including E195-E2 for regional operations
Embraer has obtained DGCA certification for its larger E-Jet variants, enabling their entry into India and supporting regional airlines with expanded connectivity options.
NCDEX relaunches black pepper futures in India after decade pause
NCDEX has relaunched black pepper futures after over a decade, aiming to establish India as a global price discovery benchmark and provide a regulated hedging platform.
MakeMyTrip launches OneCircle with points worth at least 10%
MakeMyTrip introduces OneCircle, offering users reward points worth 10% of their hotel booking spend, redeemable across 13,376 properties in 39 countries.
US trade deficit hits $77.6 billion amid AI tech imports
The US trade deficit soared 42.2% to $77.6 billion in May, driven by record-high imports of capital goods fueled by booming artificial intelligence-related investments.
Amazon plans $25B bond sale to fund AI investments
Amazon is planning to raise at least $25 billion by selling US dollar bonds.
Why Amazon barred breastfeeding employee from attending business course
Amazon recently barred a breastfeeding employee from attending a business course at its Dunfermline warehouse in Scotland.
Saudi Arabia slashes oil prices, biggest cut in 26 years
Saudi Arabia has announced a major price cut for its flagship Arab Light crude oil, targeting Asian customers.
Gold jewelry sales rebound as prices cool
The demand for gold jewelry has witnessed a resurgence in June, owing to a decline in prices.
Lululemon to open its 1st Indian store in New Delhi
Canadian athletic apparel brand Lululemon has announced its plan to open its first store in India.
US might co-produce missiles with European allies
The United States is in talks with Germany and other European nations to co-produce missiles, as per Reuters.
Is Swiggy now an Indian-owned and controlled company?
Swiggy, the popular food delivery and quick commerce platform, has announced a major shift in its ownership structure.
Shoppers Stop owner puts $700M IPO plans on hold
K Raheja Corp, one of India's leading real estate developers, has postponed its initial public offering (IPO) plans.
Lost your job? ESIC will pay you for 3 months
The Employees' State Insurance Corporation (ESIC) has extended its unemployment allowance scheme, the Atal Beemit Vyakti Kalyan Yojana (ABVKY), by another year.
Nearly ₹18,000cr gone! Why Trent shares crashed today
Shares of Tata Group's fashion retailer Trent, which owns Westside and Zudio chains, plummeted by 10% on Tuesday.
Mukesh Bansal's Cult.fit files for IPO
Cult.fit, a leading fitness and active lifestyle platform co-founded by Myntra's Mukesh Bansal, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India(SEBI).
You can soon use UPI in Indonesia
India's Unified Payments Interface (UPI) will soon be integrated with Indonesia's payment system.
Why Meta is facing $1.4T penalty demand in US
Meta Platforms has revealed that four US states are seeking a whopping $1.4 trillion in penalties from the company.
Why imported Scotch whisky is becoming cheaper in India
The India-UK Free Trade Agreement (FTA) will come into effect on July 15, and one of its major impacts will be on the price of imported Scotch whisky and gin in India.
Porsche may cut 4,000 jobs in Germany: Report
Porsche is reportedly considering a major job cut in Germany, with up to 4,000 positions at risk. The move comes as part of the automaker's ongoing restructuring process.
Coursera cuts jobs as Udemy integration begins
Coursera has announced plans to lay off an unspecified number of employees following its recent acquisition of Udemy.
Flipkart valuation tops $38B in latest ESOP buyback
Walmart-owned Flipkart has been valued at approximately $38.2 billion in the second tranche of its employee stock ownership plan (ESOP) buyback program.
Musk loses bid to overturn Twitter fraud verdict
A US federal judge has denied Elon Musk's request to overturn a jury verdict that found him liable for defrauding Twitter investors during his 2022 takeover bid.
Tech layoffs top 119,000 in first half of 2026
The tech industry is experiencing a massive wave of layoffs, with over 119,000 employees lossing their jobs in the first half of 2026. This downturn is largely driven by AI-led restructuring.
Samsung's Q2 profit tops its entire 2025 earnings
Samsung Electronics has reported a whopping 19-fold surge in its quarterly profit, driven by the insatiable demand for memory chips used in AI data centers.
Musk's xAI is now called SpaceXAI
Elon Musk has rebranded his artificial intelligence (AI) venture, xAI, as SpaceXAI.
'Xbox isn't healthy': CEO's blunt message after 3,200 layoffs
Asha Sharma, the CEO of Xbox, has announced a major restructuring of the company.
Microsoft cuts 4,800 jobs as Xbox undergoes major overhaul
Microsoft is laying off 4,800 employees or 2.1% of its workforce.
NSE targets September launch for ₹30,000cr IPO
The National Stock Exchange (NSE) is gearing up for its long-awaited public listing, with a possible Initial Public Offering (IPO) launch in September, as per CNBC-TV18.
Saudi budget airline Flyadeal starts India operations
Saudi Arabia's low-cost airline Flyadeal has launched its first-ever service in India.
Blinkit pilots premium grocery service 'Gourmet'
Blinkit, a leading player in the quick commerce space, has launched a new premium grocery service called 'Gourmet.'
Chinese tea chain's logo costs $1.5M in Louis Vuitton lawsuit
Molly Tea, a popular Chinese bubble tea brand, has been ordered by a court in Jiangsu province to pay damages of 10.3 million yuan ($1.5 million) to luxury fashion house Louis Vuitton.
Weak monsoon could push India's inflation to 5%: S&P
A weak monsoon in India could push up inflation, weaken rural demand, and strain fiscal balances. This is according to a report by S&P Global Ratings.
Standard Chartered shuts 20 India branches, focuses on wealth management
British banking giant Standard Chartered has cut its branch network in India from some 100 to 80 in the last year, according to Business Standard.
Your mobile recharge could get costlier soon
India's telecom sector is likely to witness a tariff hike of 12-15% in the next three to four months, according to a report by Centrum Institutional Research.
Samsung Electronics' non-chip division workers to protest wage disparity
Samsung Electronics' non-chip division workers are gearing up for a major protest.
Ather Energy plans $200M share sale to fuel expansion
Ather Energy, a leading electric scooter manufacturer, is planning a major share sale, according to Bloomberg.
NSE set to kick off $3B IPO marketing next week
The National Stock Exchange of India (NSE), the world's largest derivatives exchange by trading volume, is gearing up for a major milestone.
Ex-Google recruiter flags common resume mistake that hurts interview chances
Farah Sharghi, a former recruiter for Google, TikTok, Uber, and The New York Times, has revealed a common mistake that can hurt job seekers' chances of landing interviews.
Navi eyes ₹3,000cr IPO by March 2027
Navi, the fintech start-up co-founded by Flipkart's Sachin Bansal, is gearing up for an initial public offering (IPO) by March 2027.
Akasa Air to join UDAN scheme, expand capacity significantly
Akasa Air, the new Indian airline, is gearing up to join the government's regional air connectivity scheme, UDAN. The announcement was made by CEO Vinay Dube.
Sensex rises nearly 600 points: What's behind today's rally?
India's equity benchmarks, the Sensex and Nifty, opened on a positive note on Monday.
Tesla limits employee AI spending to $200 per week
Tesla has introduced a new policy, limiting its employees' spending on artificial intelligence (AI) tools to $200 per week.
Uber pauses food delivery expansion in Europe
Uber has put a halt to its planned food delivery expansion in Europe, according to Financial Times.
Knack Packaging IPO allotment today: How to check status
The allotment for the Knack Packaging IPO is expected to be finalized today. Investors will soon know if they have been allocated shares in this highly subscribed public issue worth ₹439.5 crore.
Amazon to halt new sign-ups for its gig work platform
Amazon has announced that it will stop accepting new customers for its crowdsourcing service, Mechanical Turk, from July 30.