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RBI nudges HDFC Bank to end search for non-executive chairman
The Reserve Bank of India has urged HDFC Bank’s board to expedite the search for a non-executive chairman, citing delays in critical decisions under interim leadership.
WAGR launches India's 1st integrated hub for pet parents
WAGR, India’s first modern pet parenting ecosystem, has launched to simplify pet care by integrating products, services, and community for today’s evolving pet parents.
Indian markets rally 4th day as Nifty 24,085.70 Sensex 77,155.62
Indian equities continued their upward momentum on June 17, with the Nifty closing above 24,050 and the Sensex gaining 347 points, driven by broad-based sectoral buying.
SpaceX stock jumps 49% since IPO, surpasses Amazon on Wednesday
SpaceX shares rose 4.5% premarket Wednesday, extending gains since its record IPO. The company has surged 49%, surpassing Amazon to become the world’s fifth-largest stock.
CPP Investments to take 8.2% stake in CtrlS, launch JV
CPP Investments has committed up to C$1 billion in partnership with CtrlS Datacenters to expand India's digital infrastructure, focusing on hyperscale data centre campuses.
Goldman trims Brent 2026 forecast to $80 after Trump deal
Goldman Sachs revised its Brent crude forecast to $80 per barrel, citing faster Middle East supply recovery after the Strait of Hormuz reopening eased global oil supply concerns.
CtrlS raises ₹7,000 cr as CPP Investments buys 8.2% stake
CtrlS Datacenters raised ₹7,000 crore at a $4.8 billion valuation to expand its data centre capacity by 4GW, aiming for a 20% stake in India’s booming AI market.
You can soon order electronics, jewelry, furniture on Amazon Now
Amazon is ramping up its quick-commerce operations in India by launching over 100 Urban Fulfillment Centers (UFCs).
This housing finance company is planning ₹3,000cr IPO in India
Warburg Pincus-backed TruHome Finance is gearing up for a ₹3,000 crore initial public offering (IPO), Moneycontrol reported.
Google Pay, PhonePe's combined UPI market share now below 80%
For the first time since the National Payments Corporation of India (NPCI) began publishing app-specific transaction data, PhonePe and Google Pay's combined market share has fallen below 80%.
Air India now offers 'Basic' fare on certain domestic flights
Air India has launched a new 'Basic' fare on select domestic routes, aimed at price-conscious travelers.
India's stock market regains $5T valuation
The combined market capitalization of all BSE-listed companies has crossed the $5 trillion mark, hitting a six-week high.
AIFs urge SEBI to revisit 2024 pro rata promised-capital rule
Alternative Investment Funds (AIFs) are urging Sebi to reverse pro-rata rules, citing operational challenges and concerns over undermining negotiated fee arrangements.
Bitcoin near $65,500 as traders await Fed action, altcoins mixed
Bitcoin trades near $65,500 as investors monitor ETF activity, on-chain demand, and Federal Reserve signals; recovery remains fragile with key support at $65,300.
Schneider Electric shares rise to ₹1,253.50 after Ambit buy rating
Shares of Schneider Electric jumped 6% after Ambit initiated coverage with a "buy" rating, citing the company's strong growth potential in the booming data center segment.
Clay Craft India opens ₹110.11cr IPO priced at ₹193-₹203
Jaipur-based Clay Craft India will open its ₹110.11-crore IPO on June 17, 2026, with a price band of ₹193-203 per share on the NSE Emerge platform.
Kazakhstan, NVIDIA and Firebird sign $10B Data Center Valley deal
Kazakhstan has signed $10 billion agreements with NVIDIA and Firebird to develop advanced AI infrastructure, aiming to become a regional hub for digital innovation.
Sensex jumps then eases, ends higher while Nifty holds
Benchmark indices Sensex and Nifty pared early gains on Wednesday due to profit booking, weak global cues, Fed uncertainty, and renewed selling by foreign institutional investors.
IDBI Bank shares surge 19% as privatization revival reports emerge
IDBI Bank shares soared 19% on Wednesday, driven by heavy trading volumes and renewed optimism around the government’s efforts to revive the lender’s stalled privatisation process.
Amazon adds over 100 urban fulfillment centers to Amazon Now
Amazon India is set to quadruple its quick-commerce product selection by launching over 100 Urban Fulfillment Centers, enhancing delivery speed and category variety.
HDFC Bank raises $750 million via GIFT City bonds paying 5.067%
HDFC Bank has raised $750 million through senior unsecured dollar-denominated bonds issued via its GIFT City IFSC Banking Unit, carrying a 5.067% annual coupon rate.
DOJ seeks dismissal over Elon Musk's alleged unpermitted xAI turbines
The U.S. Justice Department seeks to dismiss a civil rights lawsuit alleging Elon Musk's xAI data center violated the Clean Air Act with unpermitted gas turbines.
Mumbai INOX accounts deputy lost over ₹10.4cr to WhatsApp scam
A Mumbai INOX official lost Rs 10.4 crore after receiving fraudulent instructions from a scammer impersonating his boss through WhatsApp, leading to 63 transactions.
Liqvd Asia invests almost 35% of ₹37cr IPO into AI
Liqvd Asia will allocate 35% of its Rs 37-crore SME IPO proceeds to AI-driven products, aiming to enhance digital marketing capabilities and drive growth.
Why Vedanta Aluminium shares are down 14% in 3 days
Vedanta Aluminium, touted as the "crown jewel" of Vedanta Group, has witnessed a massive 14% decline in its shares within three days of listing.
PhonePe and Google Pay under 80% UPI share in May
For the first time, PhonePe and Google Pay's combined UPI market share has fallen below 80%, signaling early success in NPCI's efforts to diversify the payments ecosystem.
DS Group invests ₹400cr to bring W Hotel to Delhi-NCR
DS Group is set to launch Delhi-NCR's first W Hotel by 2027, investing ₹400 crore to remodel a property near IGI Airport into Marriott’s iconic luxury lifestyle brand.
Elon Musk's net worth hits $1.32 trillion after SpaceX IPO
Elon Musk's fortune skyrocketed to $1.32 trillion, driven by SpaceX's record-breaking IPO, with his wealth surging $620 billion in just four trading days.
Wipro to train 10,000 employees on Claude at Bengaluru center
Wipro plans to train 10,000 employees on Anthropic's Claude models within 18 months, following TCS's similar initiative, as Indian IT firms focus on enterprise AI adoption.
Tata Consultancy Services announces multi-year partnership to modernize Elopak IT
TCS has signed a multi-year deal with Norway-based Elopak ASA to modernize its global IT operations, leveraging AI, automation, and advanced analytics.
Gold at ₹1.53L on MCX, silver dips amid global rally
Gold prices on MCX hovered near ₹1.53 lakh per 10 grams, while silver dipped below ₹2.50 lakh per kg as investors awaited the US Federal Reserve's policy decision.
Vedanta Power shares rebound 4% to market value above ₹16,126cr
Vedanta Power shares surged 4% on Wednesday, recovering from a two-day decline since their market debut post-demerger, and crossed their listing price of Rs 41.80 on the NSE.
Indian stock market crosses $5 trillion again after U.S.-Iran deal
India's stock market reclaimed the $5 trillion mark after a month, driven by easing US-Iran tensions and a sharp decline in crude oil prices.
Bengaluru slips 1 spot to 15th in GSER 2026 ranking
Bengaluru ranked 15th globally and second-best AI-native cluster in Asia, as per the Global Startup Ecosystem Report 2026, showcasing strong performance in R&D and ecosystem value.
UK government cuts CGT allowance from £12,300 to £3,000
Capital gains tax (CGT) rules have tightened, pulling more taxpayers into its scope. With allowances slashed and rates increased, CGT revenue soared to £24bn in 2025-26.
UK inflation 2.8% in May as BoE weighs rates
UK inflation held at 2.8% in May, defying forecasts of a rise, as higher transport costs from surging oil prices were offset by slower food price increases and energy bill cuts.
Vedanta Aluminium falls 14% in 3 days wiping out 29,000cr
Vedanta Aluminium shares plunged 14% in three days since listing, erasing over Rs 29,000 crore in market value amid falling aluminium prices and global supply concerns.
NDTV leads Reuters Institute India weekly reach rankings 6th year
NDTV has secured the top spot in the Reuters Institute Digital News Report 2026 India weekly reach rankings, leading across both traditional and digital news platforms.
Japan returns to trade deficit as AI boosts imports
Japan's exports surged 17% year-on-year in May to 9.51 trillion yen, but a 12.5% rise in imports to 9.89 trillion yen led to a trade deficit of 378.6 billion yen.
Michael Truell becomes billionaire as SpaceX acquires Cursor for $60B
Michael Truell, a 25-year-old MIT dropout, co-founded AI startup Cursor, which SpaceX acquired for $60 billion in one of Silicon Valley's fastest success stories.
NSE files DRHP with SEBI for 6% IPO worth ₹30,000-32,000cr
The National Stock Exchange (NSE) plans to file its Draft Red Herring Prospectus (DRHP) with SEBI today, aiming for a record-breaking ₹30,000-₹32,000 crore IPO.
South Korean retail investors poured nearly $800 million into SpaceX debut
South Korean retail investors purchased $796 million in SpaceX shares on its debut day, despite being excluded from the IPO, making it their top US stock pick.
Utkal Speciality IPO lists on NSE SME at ₹66 unchanged
Utkal Specialty's SME IPO made a muted debut, listing at ₹66 per share on NSE SME, matching its issue price. The ₹35 crore IPO was subscribed 1.60 times overall.
Ashoka University report: 3 in 4 Indian mothers quit jobs
Nearly 73% of Indian women quit jobs after childbirth, with 48% leaving again within four months of rejoining, creating significant workforce and leadership gaps for companies.
SpaceX overtakes Amazon, Microsoft in market value
SpaceX briefly surpassed Microsoft in market capitalization on Tuesday, becoming the fourth-largest company in the world.
Indian Overseas Bank lifts FCNR(B) USD deposit rates 6.5% yearly
Indian Overseas Bank has increased interest rates on FCNR(B) deposits, offering up to 6.5% annually on US dollar deposits with three- to five-year tenures.
Rupee strengthens after oil drop and Nifty crosses 24,000
The Indian rupee opened higher at 94.45/USD as easing crude prices boosted sentiment, while the Nifty 50 reclaimed 24,000 after a 3.6% three-session rally.
Jio set to file for $4B IPO within days
Reliance Jio Infocomm is expected to file its draft papers for a $4 billion initial public offering (IPO) "within days," as per the Financial Times.
Oil prices fall below $80 for first time since March
Oil prices have started to cool off, falling below $80 per barrel for the first time since early March.
Indian rupee opens at 94.42 per $1 after crude plunge
The Indian rupee appreciated by 18 paise to open at 94.42 against the US dollar, its strongest level since May 7, supported by a sharp drop in oil prices.
Four companies open IPOs aiming to raise ₹252.5Cr in June
Four companies, including Clay Craft India, launched IPOs today to raise Rs 252.5 crore collectively, with subscriptions closing on June 19 and trading starting June 24.
Geon completes 2.88 GWh Khavda BESS to aid renewable integration
Geon has commissioned a 2.88 GWh Battery Energy Storage System in Khavda, Gujarat, marking one of India's largest utility-scale deployments to support renewable energy integration.
Riyaasat Lifestyle IPO opens June 18-22 priced ₹102-₹108 seeking ₹30.77Cr
Riyaasat Lifestyle's IPO opens on June 18, 2026, aiming to raise Rs 30.77 crore by issuing 28.48 lakh equity shares at a price band of Rs 102-108 per share.
India to approve Dixon Technologies stake in Vivo manufacturing JV
India is poised to clear the Dixon-Vivo joint venture, signed in December 2024, which will focus on smartphone and electronics manufacturing with Dixon holding a 51% stake.
Renault and Thales to build weaponized kamikaze drones for export
Renault partners with Thales to develop loitering munitions, leveraging its manufacturing expertise for Europe's growing military needs.
Oil prices fall to $76.46 WTI amid U.S.-Iran peace hopes
Crude oil prices have dropped below $80 for the first time since March, as a potential US-Iran agreement and easing Middle East tensions improve market sentiment.
HSBC to launch 200 AI projects with Google Cloud worldwide
HSBC partners with Google Cloud to implement over 200 AI projects globally, leveraging Gemini models to drive efficiency and generate $100 million in revenue or savings.
US dollar slips to 99.53 before Kevin Warsh Fed meeting
The dollar weakened as investors awaited Chair Kevin Warsh's first Federal Reserve policy decision, with optimism over a U.S.-Iran peace deal boosting market risk appetite.
SpaceX breaks Meta options record on debut, draws $2.8B premiums
SpaceX shattered records with 1.8 million options contracts traded on its first day, signaling extraordinary speculation and expectations of significant stock volatility ahead.
Brent and WTI tick up amid talks on Hormuz shipping
Oil prices rose slightly as investors assessed the potential reopening of the Strait of Hormuz, with Brent nearing $80 per barrel following hopes tied to a US-Iran agreement.
HSBC and Google Cloud partner to add 200 AI-enabled tasks
HSBC partners with Google Cloud to enhance AI capabilities, targeting 200 new use cases over two years in wealth management, financial crime risk, and frontline productivity.
Oil rises after US Iran peace deal, Brent at $79.43
Brent crude rose 0.6% to $79.43 as investors evaluated the interim U.S.-Iran peace deal's impact on oil flows and market stability amid lingering geopolitical uncertainties.
Bain finds 78% of Indians use generative AI in healthcare
India leads the Asia-Pacific region in adopting AI for healthcare, with 78% of consumers using GenAI to understand diagnoses and treatment options, a Bain & Company report reveals.
India may be 2nd-largest AI hub, GenAI supply shortfall 83%
India faces significant AI talent shortages in deployment, governance, and security roles, with GenAI deployment showing the widest gap at 83%, according to Quess Corp.
Pocket FM plans reverse flip to India for potential IPO
Pocket FM is in discussions to shift its holding structure back to India, aiming for a domestic IPO amid growing competition in the audio storytelling market.
GIFT City IFSC tops $100B as fund commitments surge
Top law firms are expanding in GIFT City as the IFSC surpasses $100 billion in banking assets, driven by rising global client interest and a maturing regulatory framework.
Ola Electric, Bhavish Aggarwal seek SEBI settlement over motorcycle claims
Ola Electric and founder Bhavish Aggarwal have approached Sebi to amicably resolve allegations of misleading disclosures on sales, service network, and product timelines.
Rupee posts 3rd straight gain, ends 94.56 against US dollar
The Indian rupee strengthened to 94.56 against the dollar, supported by falling crude oil prices and improved global risk appetite amid easing external sector pressures.
Dow tops 52,000 while Nasdaq falls on Federal Reserve uncertainty
The Dow Jones surged nearly 300 points as investors rotated into old economy stocks, while the Nasdaq fell over 1% due to profit booking in chip stocks.
India seeks nearly $900 million steel quota in UK trade deal
India is pushing for a $900-million steel export quota under the 2025 FTA with the UK, aiming to resolve disputes over restrictive quotas that threaten its steel industry.
Boston Consulting Group report: India among top 3 AI destinations
India secures a top-three spot globally for AI talent, driven by returning skilled professionals and broad-based growth, as global mobility of highly skilled workers slows.
OpenAI lost $38.5B in 2025 despite revenue growth, eyes IPO
OpenAI's revenue surged to $13.07 billion in 2025, but its staggering $38.5 billion loss highlights an unsustainable burn rate as it races to scale operations and train models.
ED raids 17 Delhi Mumbai Khandala locations in SARCL probe
Enforcement Directorate (ED) searched 17 locations across Delhi, Mumbai, and Khandala, probing alleged money laundering linked to Yes Bank's Rana Kapoor.
Starting July 1 2026 SAVE borrowers have 90 days
Federal student loan repayment rules change July 1, 2026, impacting millions in the SAVE plan. Borrowers must act promptly to avoid higher payments or limited repayment options.
Tata Sons chief N Chandrasekaran to forgo FY26 pay raise
N. Chandrasekaran has opted out of a salary increase for FY26, citing concerns over capital allocation and profitability challenges in several Tata Group businesses.
HDFC Bank to meet June 18 over Atanu Chakraborty probe
HDFC Bank's board will meet on June 18 to evaluate law firms' findings on concerns raised by former chairman Atanu Chakraborty in his resignation letter, sources revealed.
Piyush Goyal urges investors to invest at Bharat Innovates 2026
Commerce Minister Piyush Goyal urged global and domestic investors to act swiftly, highlighting India's vast market, supportive policies, and thriving investment ecosystem.
Yotta Data Services unveils $6B AI GPU expansion plan
Yotta Data Services plans a $6 billion investment to deploy 30,000 Nvidia GPUs, aiming to bolster India's position as a global AI compute hub.
India, Canada accelerate CEPA talks to double trade by 2030
India and Canada agreed to fast-track CEPA negotiations and aim to double bilateral trade by 2030, strengthening economic ties and fostering collaboration in key sectors.
Services sector drives India exports to $863 billion fiscal 2026
India's services sector surged to 48.8% of total exports in FY26, driven by IT and digital delivery, with software services contributing over 40% of the sector's growth.
SpaceX acquires AI coding start-up Cursor for $60B
SpaceX, Elon Musk's company, has announced its acquisition of AI coding start-up Cursor for a whopping $60 billion.
Yum Brands sells Pizza Hut chain for $2.7B
Yum Brands, the parent company of Pizza Hut, has announced its decision to sell the iconic pizza chain for $2.7 billion.
Unilever is creating AI twins of factories to boost efficiency
Unilever has joined forces with Accenture to scale the use of artificial intelligence (AI)-powered digital twins across Unilever's global manufacturing network.
Centre raises export duties on diesel and jet fuel
The Indian government has hiked the export duties on diesel and Aviation Turbine Fuel (ATF).
Influencer Sharan Hegde buys stake in creator start-up Madhouse Mafia
Finance influencer and entrepreneur Sharan Hegde has acquired a minority stake in creator-focused start-up Madhouse Mafia.
Soon, Groww and Zerodha users could buy US stocks
India's leading brokerage firms—Zerodha, Groww, Angel One and Upstox—have received approval from the International Financial Services Centres Authority (IFSCA) to offer international and US stock investing through GIFT City.
Sify Infinit puts $391M IPO on hold
Sify Infinit Spaces Ltd., India's first pure-play data center operator, has put its $391 million initial public offering (IPO) on hold.
China's DeepSeek raises $7.4B at $50B valuation
Chinese artificial intelligence (AI) start-up DeepSeek has raised over 50 billion yuan ($7.4 billion) in its first funding round.
RBI to hire young professionals for ₹1.5 lakh/month stipend
The Reserve Bank of India (RBI) is on the lookout for young professionals to join its Central Office Departments in Mumbai.
SoftBank's Vision Fund CFO Navneet Govil quits after 10-year stint
Navneet Govil, the Chief Financial Officer (CFO) of SoftBank Group's Vision Fund investing arm, is leaving the company after a decade-long stint.
Xbox might close or sell these 3 game studios
Microsoft is planning to shut down or sell at least three of its Xbox game development studios: Ninja Theory, Double Fine and Compulsion Games.
EU faces €1B per day trade deficit with China
The European Union (EU) is facing an unprecedented trade deficit with China, hitting a staggering €1 billion per day.
Salesforce buys AI customer service platform Fin for $3.6B
Salesforce, the leading cloud-based software company, has announced its decision to acquire Fin, an artificial intelligence (AI) customer service platform.
Why TCS is facing a $70M hit in Q1 FY27
Tata Consultancy Services (TCS) will incur a one-time exceptional charge of $70 million in Q1 FY27.
Paytm unveils AI-powered card checkout platform for businesses
Paytm Payment Gateway has launched a new artificial intelligence (AI)-powered card checkout solution, "Agentic AI Card Checkout."
Devyani, Sapphire Foods shares jump on nod for merger
Shares of Devyani International and Sapphire Foods have jumped up to 7% today.
NVIDIA to raise $25B in bonds amid AI demand surge
NVIDIA has announced its plan to raise $25 billion through a US bond issuance.
Musk's xAI loses trade secrets lawsuit against OpenAI
A federal judge has dismissed a lawsuit filed by Elon Musk's artificial intelligence company, xAI. The suit accused rival tech firm OpenAI of stealing trade secrets for its chatbots.
Florida sues TikTok over child safety law violations
Florida's Attorney General James Uthmeier has filed a lawsuit against TikTok, alleging violation of the state's child safety law.
Japan raises interest rate to 31-year high
The Bank of Japan has raised its policy rate to 1%, the highest in 31 years.
Musk's net worth hits record $1.3 trillion
Elon Musk's net worth has skyrocketed to a record-breaking $1.3 trillion after SpaceX shares surged nearly 20% in the company's first full trading session post its blockbuster initial public offering (IPO).
China's retail sales fall for 1st time since 2022
China's retail sales have witnessed a decline for the first time in over three years.
Strong investor demand lifts SpaceX's record-breaking IPO proceeds to $86B
SpaceX, Elon Musk's rocket, AI and internet conglomerate, has raised a record-breaking $85.7 billion through its initial public offering (IPO).
Fox strikes $22B deal to acquire streaming giant Roku
Media giant Fox has announced its acquisition of streaming company Roku in a deal worth $22 billion.
India posts current account surplus of $4.7B in April
India recorded a current account surplus of $4.7 billion in April 2026, according to preliminary data released by the Reserve Bank of India (RBI) today.
Sarvam AI turns unicorn after raising $234M at $1.5B
Bengaluru-based artificial intelligence (AI) start-up Sarvam AI has become the latest entrant in India's unicorn club.
Use E20 fuel? Your vehicle insurance claim might be denied
ICICI Lombard General Insurance has warned that insurance claims for fuel-related damages could be rejected in certain cases.
Indian economy facing challenges, could impact growth: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has warned that the Indian economy is facing several challenges, including tariff shocks and supply chain disruptions.
Kazakhstan's new $10B AI deal is supported by NVIDIA
Kazakhstan has signed a series of agreements with US-based start-up Firebird Inc. to develop artificial intelligence (AI) infrastructure.
India's unemployment rate rises to 5.5% in May
India's unemployment rate has increased to 5.5% in May, up from April's 5.2%, government data released on Monday showed.
Asset management stocks surge after Sitharaman hints at more reforms
Shares of capital market-focused companies witnessed a major rally on Monday.
Reliance AGM on June 19: What to expect
Reliance Industries Limited (RIL) will hold its 49th Annual General Meeting (AGM) on June 19, at 2:00pm IST.
Vedanta eyes US relisting as it targets $100B India expansion
Anil Agarwal, the metals magnate, has announced plans to relist his holding company Vedanta Resources, possibly in the US.
India's trade deficit in May goes slightly down to $28.21B
India's merchandise trade deficit remained stable in May, despite an increase in both exports and imports, according to government data released today.
HDFC Bank is now searching for a new CFO
HDFC Bank has begun the search for a new Chief Financial Officer (CFO), as per Moneycontrol.
Why Indian pharma industry is relieved after US-Iran deal
The Indian pharmaceutical industry is looking at ways to stabilize its supply chain after the US and Iran reached a preliminary peace agreement.
Australia's richest person invests $1.4B in Elon Musk's SpaceX
Australia's richest person Gina Rinehart has made a major investment in Elon Musk's SpaceX.
Is the UK headed for deindustrialization?
UK's industrial sector is on the brink of collapse, with thousands of companies warning they could go bankrupt in the next year due to high energy prices.
Indian economy facing challenges, could impact growth: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has warned that the Indian economy is facing several challenges, including tariff shocks and supply chain disruptions.
Musk says becoming world's first quadrillionaire is 'not impossible'
Elon Musk, the CEO of SpaceX, has said that becoming the world's first quadrillionaire is "not impossible."
These Indian stocks could benefit from US-Iran peace deal
The recent peace agreement between the United States and Iran has sparked a major rally in India's benchmark indices, Sensex and Nifty 50.
Musk predicts $1 trillion revenue for SpaceX by 2030
Elon Musk has predicted that SpaceX could generate an annual revenue of around $1 trillion by 2030.
IndiGo shares up 10% in 2 days: Should you buy?
InterGlobe Aviation, the parent company of IndiGo, has witnessed a significant surge in its share price.