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Business News

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22 Jun 2026
TL;DR

Government locks EPF rate at 8.25% for FY26 ensuring stability

The government has approved an 8.25% EPF interest rate for FY26, enabling over seven crore subscribers to receive credited amounts by the end of this month.

22 Jun 2026
TL;DR

Rupee opens at 94.36 against US dollar, down 4 paise

The Indian rupee started at 94.36, down 4 paise against the US dollar, as easing crude prices and US-Iran diplomatic progress influenced market sentiment.

22 Jun 2026
TL;DR

SBI Funds Management set for IPO after SEBI approval

SBI Mutual Fund, India's largest AMC, is set to go public. The IPO offers SIP investors a chance to become shareholders, benefiting from the asset management business's growth.

22 Jun 2026
TL;DR

Income Tax Department makes ITR-3 live on e-filing portal

The Income Tax Department has activated online and Excel-based filing for ITR-3 for AY 2026–27, catering to taxpayers with business or professional income.

22 Jun 2026
TL;DR

AI chip stocks show low P/E ratios amid investor doubt

Sevens Report Research cautions investors that low valuations of AI stocks may signal skepticism about future earnings, with fears of a potential data center slowdown looming.

22 Jun 2026
TL;DR

RBI moves to curb banks selling insurance, mutual funds

The RBI has introduced new guidelines to curb mis-selling in banks, addressing long-standing issues of unsuitable financial product sales driven by aggressive sales targets.

22 Jun 2026
TL;DR

Income Tax Department uses AI to spot tax return errors

With AI-driven data matching, the Income Tax Department can now easily detect discrepancies in ITR filings, making even minor mistakes a potential trigger for scrutiny or delays.

22 Jun 2026
TL;DR

Brent $81 WTI $79 as Iran shuts Strait of Hormuz

Crude oil prices climbed as Iran shut the Strait of Hormuz over US-Israel tensions, while Asian markets rallied, with Japan and Taiwan hitting record highs driven by tech stocks.

22 Jun 2026
TL;DR

Brent crude slips below $80 on U.S.-Iran peace deal hopes

Oil prices dipped as US-Iran peace talks showed progress, while gold rebounded over 1% amid softer crude prices and easing inflation concerns.

22 Jun 2026
TL;DR

Anagha Rajesh moves BioCompute to San Francisco, closes Bengaluru office

Anagha Rajesh, founder of BioCompute, is shutting down operations in Bengaluru and moving to San Francisco, citing India's lack of risk appetite for deep-tech innovation.

22 Jun 2026
TL;DR

Nestle India to discuss shareholder special dividend July 3

Nestle India plans to declare a special dividend on July 3, rewarding over 5 lakh retail shareholders, alongside its final dividend for the financial year 2026.

22 Jun 2026
TL;DR

China adds 2 US rare earth firms to export controls

China has added MP Materials and USA Rare Earth to its export control list, banning shipments of dual-use items amid rising tensions over critical mineral supply chains.

22 Jun 2026
TL;DR

HCLTech rolls out 'physical AI' to power robots and machines

HCLTech’s Sukant Acharya emphasizes how integrating robotics, AI, and digital twins is revolutionizing industries by enhancing efficiency, innovation, and sustainability.

22 Jun 2026
TL;DR

Indian markets steady with Gift Nifty 24,164 amid Iranian walkout

Indian equity markets are expected to open flat-to-positive amid mixed global cues, as optimism over U.S.–Iran peace talks is tempered by initial negotiation setbacks.

22 Jun 2026
TL;DR

Asian stocks climb after U.S.-Iran peace talks news, mixed gains

Asian markets gained on Monday, with Japan's Nikkei 225 and South Korea's KOSPI rising up to 2%, as US-Iran peace talks showed initial progress despite geopolitical tensions.

22 Jun 2026
TL;DR

Japan's Nikkei 225 tops 72,000 as AI investments surge

Japan's Nikkei 225 surpassed 72,000 for the first time, driven by robust AI investments and government plans to boost strategic sectors like chips and technology.

22 Jun 2026
TL;DR

Bharat Forge wins ₹425cr contract for Kolkata-class 1.25 MW generators

Bharat Forge shares gain attention after securing a ₹425-crore contract with the Ministry of Defence to supply advanced Gas Turbine Generators for Indian Navy warships.

22 Jun 2026
TL;DR

Oil jumps 2.2% as President Trump warns Iran over Hezbollah

Oil prices rose over 2% after President Trump warned of military action against Iran, raising concerns about setbacks in peace talks and disruptions in the Strait of Hormuz.

22 Jun 2026
TL;DR

Satya Nadella calls out small group dominating the AI world

Microsoft CEO Satya Nadella calls for democratizing AI, criticizing the dominance of a few companies and advocating for cheaper models, user control, and shared societal benefits.

22 Jun 2026
TL;DR

RBI to cover hedging costs enabling higher FCNR(B) deposit rates

The Reserve Bank of India’s latest move allows NRIs to earn up to 7% on dollar-denominated FCNR deposits, offering tax-free returns and eliminating currency risk.

22 Jun 2026
TL;DR

India's Zepto readies $1 billion IPO after 640 million orders

Zepto's $1-billion IPO highlights its focus on improving monetisation and profitability, as the quick commerce sector shifts from growth to financial performance metrics.

22 Jun 2026
TL;DR

AI startups across India boost hiring 21% year over year

India's AI startups are driving a hiring boom, outpacing the broader tech sector as demand for generative AI and automation accelerates large-scale deployments.

22 Jun 2026
TL;DR

India's deep tech startups poised for hundreds of millions funding

Indian deep-tech startups in space and AI are poised to secure hundreds of millions in investments, fueled by rising sovereign demand and strategic global market opportunities.

22 Jun 2026
TL;DR

Jamieson Greer in New Delhi to finalize U.S.-India interim deal

US Trade Representative Jamieson Greer is in India to advance discussions on the interim trade deal, aiming to finalize the first phase of the US-India Bilateral Trade Agreement.

22 Jun 2026
TL;DR

Rewards and cashback boost UPI growth for select fintechs

New fintech apps like Navi and super.money are leveraging cashback not just for payments but to drive growth in credit, commerce, and financial products.

22 Jun 2026
TL;DR

Jio Platforms IPO to almost double Reliance's BSE market share

Jio Platforms' IPO could elevate Reliance Industries Group's market cap share on BSE to nearly 7%, positioning RIL and JioP as India's top two companies by valuation.

22 Jun 2026
TL;DR

India unveils ₹7,100cr semiconductor incentives to attract ₹15,000cr investment

India will disburse ₹7,100 crore in FY27 to boost domestic semiconductor manufacturing and design, aiming to attract ₹15,000 crore investments and create 4,700 jobs.

22 Jun 2026
TL;DR

Hayley Waller named head of Guardian Labs Australia, experienced executive

Hayley Waller has been named head of Guardian Labs Australia, bringing extensive media and commercial leadership experience from roles in Australia and the UK.

22 Jun 2026
TL;DR

Yotta invests $6B to increase NVIDIA Blackwell GPUs to 30,000

Yotta Data Services is investing $6 billion to expand its AI infrastructure, increasing Nvidia GPU deployments to meet surging demand from Indian and global customers.

22 Jun 2026
TL;DR

CCPA fines Storia Foods and Beverages, English Oven ₹1L each

CCPA penalized two companies Rs 1 lakh each for misleading "100%" natural product claims, directing them to halt deceptive advertisements across all platforms.

22 Jun 2026
TL;DR

General Motors replaces 1,000-plus Factory Zero workers with 50 cobots

General Motors has replaced over 1,000 workers with 50 collaborative robots at its Detroit Factory Zero plant, citing cost-cutting and safety improvements amid declining EV demand.

21 Jun 2026
Piyush Goyal

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.

21 Jun 2026
Bharti Airtel

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.

21 Jun 2026
India

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.

21 Jun 2026
Air India Express

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.

21 Jun 2026
Tech Mahindra

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.

21 Jun 2026
Piyush Goyal

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.

21 Jun 2026
Ubisoft

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.

21 Jun 2026
Ministry of Finance

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.

20 Jun 2026
Anthropic

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.

20 Jun 2026
HDFC Bank

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.

20 Jun 2026
PhonePe

PhonePe to charge ₹100 quarterly fee on inactive wallets

PhonePe, a leading digital payment and financial services company, has updated its wallet policy.

20 Jun 2026
China

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.

20 Jun 2026
Amazon Pay

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.

20 Jun 2026
China

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.

20 Jun 2026
Air India

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.

20 Jun 2026
China

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.

20 Jun 2026
Jio

Reliance targets ₹4L crore EBITDA by 2031, focuses on AI

Reliance Industries has announced its ambitious plan to double its core profits (EBITDA) to ₹4 lakh crore by 2031.

SBI Mutual Fund gets SEBI nod for ₹13,000cr IPO

SBI Mutual Fund, India's leading asset management company, has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO), according to PTI.

20 Jun 2026
Reliance Industries

Jio Platforms files for $4B IPO, to be India's largest

Jio Platforms, the digital subsidiary of Reliance Industries, has filed a draft red herring prospectus (DRHP) with SEBI for an initial public offering (IPO) expected to raise around ₹37,000 crore ($4 billion).

19 Jun 2026
Indonesia

BrahMos missile deal with Vietnam in final stages

The deal for the supersonic BrahMos missile with Vietnam is in its final stages, said Jaiteerth Joshi, CEO of BrahMos Aerospace.

19 Jun 2026
Mukesh Ambani

Reliance is building world's first autonomous refinery

Reliance Industries is gearing up to transform its Jamnagar facility into the world's first end-to-end autonomous refinery, Anant Ambani, the company's Executive Director, announced at the 49th annual general meeting.

19 Jun 2026
Akash Ambani

JioHotstar clocks 450M+ monthly active users

Reliance Jio's streaming platform, JioHotstar, has achieved a major milestone with 451 million monthly active users (MAUs) in FY26.

19 Jun 2026
Akash Ambani

Reliance Jio's 5G subscriber base crosses 268M

Reliance Jio has announced a major milestone in its 5G journey.

Jio Platforms to file IPO papers today, says Mukesh Ambani

Reliance Industries Chairman and Managing Director Mukesh D. Ambani, the largest shareholder of the group, has announced the filing of the Draft Red Herring Prospectus (DRHP) for Jio Platforms' Initial Public Offering (IPO).

19 Jun 2026
Mukesh Ambani

Reliance Industries reports record revenue and profit in FY26

Reliance Industries Limited (RIL) has reported a record high revenue and net profit for the fiscal year 2026 (FY26).

19 Jun 2026
Infosys

Infosys shares plunge 9%, wiping out ₹40,000cr investor wealth

Infosys's shares plummeted by a staggering 9% on Friday, hitting a new 52-week low of ₹1,030 per share on the Bombay Stock Exchange (BSE).

19 Jun 2026
Iran

Oil prices fall as Strait of Hormuz reopens

Oil prices witnessed a decline on Friday amid the reopening of the Strait of Hormuz and an interim US-Iran deal.

19 Jun 2026
US Dollars

Japanese yen nears 40-year low against US dollar

The Japanese yen has plummeted sharply against the US dollar, crossing the 161 mark and nearing a four-decade low.

19 Jun 2026
IBM

TCS overtakes Accenture as world's most valuable IT services firm

Tata Consultancy Services (TCS) has surpassed Accenture to become the world's most valuable IT services company for the first time since 2021.

19 Jun 2026
CRED

Meta in talks to invest in CRED at $4B valuation

Meta, the parent company of Facebook, is said to be in talks to invest in Indian fintech and payments start-up CRED.

19 Jun 2026
Apple

Intel shares surge 10% after Trump announces Apple chip deal

Intel's shares soared by 10% on Thursday, following President Donald Trump's announcement of a partnership between the semiconductor giant and Apple.

19 Jun 2026
Startups

Craigslist founder gives away $500M, slams billionaires leaving donation pledge

Craig Newmark, the multi-millionaire founder of online classifieds platform Craigslist, has given away about $500 million to charity since starting the company 30 years ago.

19 Jun 2026
Infosys

Sensex, Nifty plunge over 700 points as IT stocks crash

The Indian stock market witnessed a sharp decline in early trade on Friday, breaking a five-day winning streak.

19 Jun 2026
Akash Ambani

Reliance AGM today: When and where to watch live

Reliance Industries is gearing up for its 49th Annual General Meeting (AGM) today, with investors keenly awaiting updates on the company's future plans.

19 Jun 2026
Blue Origin

Trump mocked Bezos, Zuckerberg's attempts to win him, book reveals

In a new book by New York Times reporters Maggie Haberman and Jonathan Swan, it has been revealed that Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos tried to win over the US President Donald Trump after his 2024 election victory.

18 Jun 2026
Starbucks

Starbucks plans 50-100 new stores every year in India

Starbucks is planning to expand its footprint in India by opening 50-100 new stores every year. This was revealed by Tata Starbucks Chief Executive Officer Sushant Dash in an interview with Bloomberg Television.

18 Jun 2026
BBC

BBC to cut 550 jobs as part of cost-saving plan

The British Broadcasting Corporation (BBC) has announced plans to cut 550 jobs in its news, nations, and TV and radio content divisions.

18 Jun 2026
Meta

Meta CTO says workers' morale is near record lows

Meta's Chief Technology Officer (CTO) Andrew Bosworth has evealed that employee morale at the company is probably one of the worst it's ever been.

18 Jun 2026
Bank of Baroda

NSE IPO could turn SBI's ₹2cr bet into nearly ₹5,000cr

The State Bank of India (SBI), India's largest lender, is poised to make a massive profit from its investment in the National Stock Exchange (NSE).

18 Jun 2026
IndiGo

IndiGo launches airport cab service

IndiGo has launched a new airport transfer service called 'Cabs with IndiGo.' The innovative offering lets customers book cabs to and from airports in different Indian cities.

18 Jun 2026
Inflation

Gold, silver prices fall after US Fed holds rates steady

Gold and silver prices have witnessed a decline after the US Federal Reserve's decision to keep interest rates unchanged.

18 Jun 2026
United Kingdom

India-UK FTA starts July 15: What's getting cheaper for Indians?

India's Free Trade Agreement (FTA) with the United Kingdom will come into effect on July 15, nearly a year after it was signed.

18 Jun 2026
Bitcoin

Bitcoin price drops below $65,000

Bitcoin's price has dropped below the crucial $65,000 mark amid easing geopolitical tensions in the Middle East and a more hawkish stance from the US Federal Reserve.

18 Jun 2026
Asian Development Bank

India seeks $2.5B loans from World Bank, ADB

India is in talks with the World Bank and Asian Development Bank (ADB) to secure $2.5 billion in funding, according to Bloomberg.

Cult.fit plans ₹4,000cr IPO this month

Cult.fit, India's leading fitness services provider, is gearing up to file its draft red herring prospectus (DRHP) for an initial public offering (IPO) worth ₹3,500-4,000 crore this month, as per Moneycontrol.

18 Jun 2026
Anthropic

JPMorgan drops Anthropic's Claude from approved list in Hong Kong

JPMorgan has removed Anthropic's Claude AI models from an internal list of approved AI tools in Hong Kong, according to Financial Times.

18 Jun 2026
Donald Trump

Oil prices fall as US-Iran peace deal eases supply fears

Oil prices fell on Thursday after US President Donald Trump and his Iranian counterpart Masoud Pezeshkian signed a deal.

NSE files for ₹30,000 crore IPO

The National Stock Exchange of India (NSE), the country's largest stock exchange and a major player in global derivatives market, has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator SEBI.

18 Jun 2026
NVIDIA

How a $4B sneaker brand became an AI company

Shoe manufacturer-turned-AI infrastructure firm, Allbirds, has announced a major rebranding and executive change. The company will now be known as Smartbird.

17 Jun 2026
Reserve Bank Of India (RBI)

RBI removes interest rate cap on new FCNR(B) deposits

The Reserve Bank of India (RBI) has removed the interest rate ceiling on new three- and five-year Foreign Currency Non-Resident Bank (FCNR-B) deposits.

17 Jun 2026
India

This Indian data center company raised ₹7,000cr at ₹44,914cr valuation

CtrlS Datacenters, a leading Indian data center company, has secured a massive ₹7,000 crore investment from the Canada Pension Plan Investment Board (CPP Investments).

Why IOC, BPCL, and HPCL could each gain ₹20,000cr

India's oil marketing companies (OMCs) could see a major boost in profitability if the current trend of falling crude oil prices continues.

Manipal Hospitals plans $1B IPO in July

Manipal Health Enterprises, which runs the Manipal Hospitals chain, is planning to launch its initial public offering (IPO) as early as next month, as per the Economic Times.

17 Jun 2026
Stock Market

Blue Star, Voltas shares rally amid delayed monsoon

Shares of air conditioner manufacturers and related companies have witnessed a jump of up to 5% on Wednesday.

17 Jun 2026
Elon Musk

This 25-year-old sold his AI start-up to Musk for $60B

Michael Truell, a 25-year-old co-founder and CEO of Cursor, an AI coding start-up, has become one of the youngest self-made billionaires in the artificial intelligence era.

17 Jun 2026
Bernard Arnault

Does Louis Vuitton owner Bernard Arnault control French press?

Bernard Arnault, the billionaire owner of the world's largest luxury group LVMH, is facing criticism from journalists' unions in France for his increasing dominance over the country's business and economic press.

17 Jun 2026
xAI

Why US government wants lawsuit against xAI to be dismissed

The US Justice Department has moved to dismiss a lawsuit against Elon Musk's xAI, a company accused of operating without proper permits.

17 Jun 2026
Amazon

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%.

17 Jun 2026
Air India

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.

17 Jun 2026
Sensex

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.

17 Jun 2026
Vedanta

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.

17 Jun 2026
Amazon

SpaceX overtakes Amazon, Microsoft in market value

SpaceX briefly surpassed Microsoft in market capitalization on Tuesday, becoming the fourth-largest company in the world.

17 Jun 2026
Mukesh Ambani

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.