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Business News

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02 May 2026
TL;DR

FPIs pulled almost ₹14,000cr from India week ending April 30

Foreign portfolio investors (FPIs) pulled out ₹13,944.59 crore from Indian markets during a holiday-shortened week, with equities experiencing the most significant impact.

02 May 2026
TL;DR

Indiabulls posts ₹194 cr Q4 profit and ₹418 cr income

Indiabulls Ltd announced a net profit of ₹194.26 crore for Q4, ending March 2026, driven by a significant increase in total income.

02 May 2026
TL;DR

OPEC+ agrees 188,000 bpd June increase despite Hormuz shipping halt

OPEC+ countries have tentatively agreed to increase oil output targets by approximately 188,000 barrels per day in June, despite the UAE's recent exit.

02 May 2026
TL;DR

ED logs busiest year nearly 2,900 raids over ₹81,000cr frozen

The Enforcement Directorate (ED) conducted a record 2,892 raids and attached assets worth over ₹81,000 crore in FY26, despite a 27% decrease in arrests.

02 May 2026
TL;DR

CDSL profit slips to ₹80.22cr as revenue rises 17.1%

Central Depository Services (India) Limited (CDSL) witnessed a 20% year-on-year fall in its Q4 profit to ₹80.22 crore, despite strong revenue growth.

02 May 2026
TL;DR

Spirit Airlines shuts down, blames Iran conflict for fuel costs

The escalating Iran war has led to the sudden shutdown of Spirit Airlines, a major American low-cost carrier, due to soaring fuel costs.

02 May 2026
Reserve Bank Of India (RBI)

RBI shifts strategy: Cuts central deposits, boosts US Treasury bets

In a major shift, the Reserve Bank of India (RBI) has reduced its deposits with other central banks and increased its investments in US Treasury bills.

02 May 2026
TL;DR

Elon Musk sues OpenAI in Oakland alleging nonprofit mission abandonment

Elon Musk is suing AI company OpenAI, alleging a shift from its nonprofit mission to a profit-driven model, in a trial expected to last a month.

02 May 2026
TL;DR

Tech layoffs exceed 92,000 this year as AI investments rise

The tech industry has witnessed over 92,000 job cuts across 98 companies in 2026, with Meta, Amazon, and Oracle leading the layoff spree.

02 May 2026
Apple

Apple faces 30+ lawsuits over AirTag stalking claims

Apple is facing more than 30 separate lawsuits from individuals who claim to have been stalked using the company's AirTag device.

02 May 2026
Donald Trump

Spirit Airlines ceases operations after failing to secure federal bailout

Spirit Airlines, a major player in the US aviation industry, has announced its decision to cease operations.

02 May 2026
TL;DR

Axis Bank opens 1st digital locker branch in New Delhi

Axis Bank has inaugurated its first digital locker-focused branch in New Delhi, marking a significant step towards secure, automated banking.

02 May 2026
TL;DR

Bitcoin near $78,000 as $1.9B ETF inflows prompt futures concerns

Bitcoin is trading near $78,000 as the global crypto market cap hits a staggering $2.6 trillion, with strong ETF inflows of $1.9 billion indicating robust demand.

02 May 2026
Air India

Air India to cut more flights amid fuel costs, disruptions

Air India is set to further reduce its flight schedules in June and July.

02 May 2026
TL;DR

India fintech raises $513 million in Q1 2026 as funding concentrates

India's fintech sector secured $513 million in Q1 2026, despite a 54% decrease in the number of funding rounds, according to a Tracxn report.

02 May 2026
TL;DR

Kislay Verma credits Claude Opus 4.6 for Shoffr Delhi launch

Bengaluru-based cab aggregator startup, Shoffr, expanded into Delhi in just three days using an AI coding model, Claude Opus 4.6, according to co-founder Kislay Verma.

02 May 2026
TL;DR

Soaring oil prices force Spirit Airlines to halt operations

Spirit Airlines has immediately ceased all operations due to failed restructuring efforts and a sudden increase in fuel prices.

02 May 2026
United States of America

Foreign investors withdraw ₹60,800cr from equities in April

Foreign Portfolio Investors (FPIs) have pulled out a whopping ₹60,847 crore ($6.5 billion) from Indian equities in April.

02 May 2026
TL;DR

AlphaGrep enters India with AI mutual funds for retail investors

AlphaGrep, a global leader in algorithmic trading, is entering India's mutual fund market with AI-driven strategies aimed at retail investors.

02 May 2026
Andhra Pradesh

Eating at Andhra Pradesh hotels is about to become costlier

The Andhra Pradesh Star Hotels Association has announced plans to increase menu prices by up to 10%.

Why UPI transactions saw a MoM dip in April

India's digital payment landscape witnessed a slight dip in April, with Unified Payments Interface (UPI) transactions seeing a minor month-on-month decline.

02 May 2026
United Kingdom

Fashion brand Superdry's co-founder convicted of rape

James Holder, the co-founder of popular fashion brand Superdry, has been convicted of rape.

02 May 2026
Reserve Bank Of India (RBI)

RBI announces 98.47% of ₹2,000 notes have been returned

The Reserve Bank of India (RBI) has announced that 98.47% of the ₹2,000 banknotes in circulation have been returned.

02 May 2026
Jindal Steel

Jindal Steel's Q4 results: Net profit stands at ₹1,045cr

Jindal Steel has reported a consolidated net profit of ₹1,045 crore for the March quarter. The figure is a major improvement from the loss of ₹339 crore in Q4 FY25.

02 May 2026
TL;DR

India's data centers to reach 10.5 GW by fiscal 2031

India's data centre capacity is predicted to increase nearly six-fold, reaching 10.5 GW by FY2031, driven by rising demand from AI adoption and data localisation policies.

02 May 2026
TL;DR

Federal Reserve reconsiders rate cuts and may raise rates

After months of internal debate over rate cuts, the Federal Reserve is now discussing conditions that could warrant a hike in interest rates.

02 May 2026
TL;DR

India plans dematerialized GMS gold units to mobilize household hoards

The Indian government plans to digitise idle gold through the Gold Monetisation Scheme (GMS), aiming to boost liquidity and reduce foreign exchange drain.

02 May 2026
Meta

Meta acquires AI robotics start-up to boost humanoid efforts

Meta has acquired Assured Robot Intelligence. The start-up specializes in artificial intelligence (AI) models for robots.

02 May 2026
TL;DR

Jake Nesler's AI bot dodged $10,000 loss during NVIDIA surge

Retail investors are increasingly using AI agents for trading, but despite the hype, significant financial gains remain elusive.

02 May 2026
TL;DR

Report: AI could shrink Indian IT revenue 3% to 3.5%

AI-driven deflation could potentially erase nearly $10 billion from annual revenues of India's $315 billion IT services industry, as per analyst estimates.

02 May 2026
TL;DR

Jane Street paid employees $9.38 billion, generated $39.6B trading revenue

Jane Street Group rewarded its employees with an average payout of $2.68 million in 2021, outpacing Wall Street rivals like Goldman Sachs.

02 May 2026
TL;DR

Elon Musk defends Tesla and xAI amid clash with OpenAI

Elon Musk faced intense questioning over his for-profit AI ventures during his ongoing trial against OpenAI in California.

02 May 2026
TL;DR

India will not cut infrastructure capex despite West Asia conflict

Despite potential stress from the West Asia conflict, the Indian government plans to prioritize capital expenditure (capex) and maintain public spending levels.

02 May 2026
TL;DR

U.A.E. exits OPEC to reach 5 million bpd by 2027

The UAE's exit from the oil cartel OPEC is a strategic move influenced by economic and geopolitical factors, amidst the US-Iran war.

02 May 2026
TL;DR

NVIDIA valued at $4.91 trillion overtakes India's entire listed market

US-based chip giant Nvidia's market capitalisation has surpassed the total market cap of all companies listed in India, reaching $4.91 trillion.

02 May 2026
TL;DR

Homelane boosts projects 50% as Livspace trims staff with AI

Indian home interior startups are leveraging artificial intelligence (AI) to reduce operational costs and increase productivity amidst stiff market competition.

02 May 2026
TL;DR

HUL, Nestle hike prices and shrink packs amid U.S.-Iran conflict

Consumer goods manufacturers are employing strategies like shrinkflation, price hikes, and cost controls to counter increased raw material costs due to the US-Iran war.

02 May 2026
TL;DR

Nipun Aggarwal likely new Air India CEO after Wilson resignation

Nipun Aggarwal, Air India's chief commercial and transformation officer, is a leading contender to succeed outgoing CEO Campbell Wilson.

02 May 2026
TL;DR

Novo Nordisk renames Rybelsus as Ozempic in US to compete

Novo Nordisk is relaunching a less-popular diabetes tablet as Ozempic in the US, aiming to leverage the brand's strong recognition and regain market share.

02 May 2026
TL;DR

Oil drops 5.5% to near $102 as US Iran talks

Oil prices fell due to potential progress in US-Iran peace negotiations and hopes for reopening the Strait of Hormuz, despite ongoing global supply concerns.

02 May 2026
TL;DR

Indian startups raised $660 million in April 2026, late-stage focus

Indian startups raised $660 million in April 2026, a 3.2% increase from last year, with late-stage deals dominating the funding landscape.

02 May 2026
TL;DR

Toto $190 million semiconductor bet lifts shares to 2021 high

Japanese toilet manufacturer, Toto, sees a significant rise in value following its $190 million investment into AI and semiconductor production.

01 May 2026
Adani Group

Adani Group overhauls organizational structure to boost growth

Billionaire Gautam Adani's conglomerate, the Adani Group, has announced a major overhaul of its operating model.

01 May 2026
PhonePe

Ujjwal Jain, head of PhonePe's stockbroking platform, resigns

Ujjwal Jain, the CEO of PhonePe's stockbroking platform Share.Market and wealth management verticals, has resigned from his position.

01 May 2026
Netflix

RBI tightens auto-pay rules under new digital payments framework

The Reserve Bank of India (RBI) has announced changes to its electronic auto-pay transactions.

01 May 2026
GST

India's GST revenue hits an all-time high of ₹2.43 trillion

India has registered a record ₹2.43 trillion in Goods and Services Tax (GST) revenue for April 2026, according to data released by the Finance Ministry.

01 May 2026
Meta

Meta raises $25B in debt to fund AI expansion

Meta Platforms has raised $25 billion through an investment-grade bond sale. The move is part of Meta's aggressive push into artificial intelligence (AI) infrastructure.

Vodafone Idea gets ₹23,649cr AGR relief, dues cut to ₹64,046cr

Vodafone Idea has announced a major reduction in its Adjusted Gross Revenue (AGR) dues.

01 May 2026
Indian Government

Centre slashes export duties on diesel, aviation turbine fuel

The Indian government has announced a reduction in export duties on diesel and aviation turbine fuel (ATF).

01 May 2026
Apple

Apple posts $111B revenue, $29.6B profit in Q2; beats expectations

Apple has announced a stellar performance for the second quarter of fiscal 2026, which ended on March 31.

01 May 2026
Apple

Apple will channel Trump tariff refunds back into US economy

Apple is seeking refunds for the tariffs it paid under Donald Trump's trade policies.

01 May 2026
Morgan Stanley

Sex harassment suit against JPMorgan exec branded 'complete fabrication': Report 

The allegations of sexual abuse made by a former JPMorgan employee against a senior executive, Lorna Hajdini, have been branded a "complete fabrication," the New York Post reported.

01 May 2026
Apple

Apple's Mac sales soar due to AI workloads

Apple's latest earnings report has revealed a surprising spike in demand for its Mac computers, driven largely by artificial intelligence (AI) workloads.

01 May 2026
Intel

Intel stock surges 114%, doubles investor wealth in April

Intel has witnessed an unprecedented surge in its stock price, with a whopping 114% increase in April. This marks the company's best month since it went public on the NASDAQ nearly 55 years ago.

01 May 2026
Mark Zuckerberg

Meta won't rule out more layoffs after 10% job cuts

Meta, the parent company of Facebook, is preparing to cut around 10% of its workforce this month.

01 May 2026
Apple

What Tim Cook wants Apple's incoming CEO to focus on

As Tim Cook prepares to hand over the reins of Apple to John Ternus, he has shared some valuable advice.

01 May 2026
JP Morgan

JPMorgan executive accused of making junior employee 'sex slave' responds 

Lorna Hajdini, a high-ranking executive director at JPMorgan Chase, has vehemently denied allegations of sexual coercion made against her in a recent lawsuit by a former colleague.

01 May 2026
Warner Bros

Warner Bros. CEO's pay package triples to $165M

David Zaslav, the CEO of Warner Bros. Discovery (WBD), saw his pay package more than triple in 2025 to $165 million.

01 May 2026
Air India

Air India to cut 100 flights as fuel costs surge

Air India is planning to reduce its flight operations by nearly 100 flights a day, owing to the skyrocketing jet fuel prices.

01 May 2026
Apple

Apple accuses CCI of overstepping in $38B penalty case

Apple has accused the Competition Commission of India (CCI) of overstepping its jurisdiction by demanding financial data in an antitrust case related to the iPhone app market.

01 May 2026
Reserve Bank Of India (RBI)

RBI shifts over 100MT of gold to domestic vaults

The Reserve Bank of India (RBI) has repatriated a massive 104.23 metric tons of gold to the country between October 2025 and March 2026.

01 May 2026
LPG Cylinder

Commercial LPG cylinder price hiked by ₹993 to ₹3,072

The price of a 19kg commercial LPG cylinder has been increased by ₹993, effective from May 1. The revised rate now stands at ₹3,071.50 in Delhi.

30 Apr 2026
Mark Zuckerberg

Meta's stock dips as it plans billions more in AI

Meta, the parent company of Facebook and Instagram, has witnessed a major dip in its stock price.

30 Apr 2026
Australia

Cars24 co-founder Mehul Agrawal steps down as IPO nears

Mehul Agrawal, the co-founder of Cars24, has stepped down from his operational role in the SoftBank-backed used-car marketplace.

30 Apr 2026
Finance

Student loans: All about this option

Navigating the world of student loans can be tricky, particularly for those new to the process.

30 Apr 2026
Isha Ambani

Reliance Retail acquires Priyanka Chopra's haircare brand Anomaly

Reliance Retail has acquired Priyanka Chopra's haircare brand, Anomaly. The deal includes the brand's trademarks, brand assets, and digital properties.

30 Apr 2026
JP Morgan

'BJ for birthday...': JPMorgan exec accused of sexually abusing junior 

Lorna Hajdini, an Executive Director at JPMorgan, has been accused of sexually abusing a junior male employee.

30 Apr 2026
Sensex

Index funds: A beginner's guide

Index funds are becoming increasingly popular among investors in India, thanks to their simplicity and cost-effectiveness.

30 Apr 2026
Adani Group

Adani Enterprises posts ₹221cr loss in Q4

Adani Enterprises has reported a consolidated net loss of ₹220.7 crore for the fourth quarter of FY26.

30 Apr 2026
Air India

India's domestic air travel growth slows to 1%

India's domestic air passenger traffic has witnessed a major slowdown in FY26, growing just 1.33% year-on-year to 16.75 million passengers.

30 Apr 2026
Apple

PayPal makes Venmo standalone unit amid takeover interest

PayPal is restructuring its business to create three distinct segments, including making Venmo a standalone unit, according to CNBC.

30 Apr 2026
Infosys

No layoffs at Infosys, says CEO amid AI transformation

Infosys CEO Salil Parekh has confirmed that the company won't be laying off employees, even as artificial intelligence (AI) transforms the global IT services sector.

30 Apr 2026
Anil Agarwal

Why Vedanta shares fell 65% today

Vedanta's share price witnessed a massive fall of 65% on Thursday. The fall was purely technical and not due to any destruction of investor wealth, as the stock adjusted for its much-awaited demerger.

30 Apr 2026
Elon Musk

I was a fool for funding OpenAI, Musk tells court

Elon Musk said that he was a "fool" for funding OpenAI in its early days.

30 Apr 2026
Microsoft

Xbox hardware sales plunge 33% as Microsoft's consumer segment weakens

Microsoft has reported a massive 33% drop in its Xbox hardware revenue, according to the company's latest earnings report.

30 Apr 2026
Indian Rupee (INR)

Indian rupee weakens beyond ₹95/$ amid oil price surge

The Indian rupee has breached the 95 per US dollar mark for the first time since March 30.

30 Apr 2026
China

China's factories are still growing despite global risks

China's factory activity has exceeded analysts' expectations for April, although the growth rate has slowed compared to last month.

30 Apr 2026
Layoff News

Cognizant to cut 4,000 jobs amid AI push, slowing demand

Cognizant Technology Solutions has announced plans to lay off around 4,000 employees, or nearly 1% of its workforce. The decision comes as the company faces slowing demand and shifts toward automation.