Business News
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RBI caps rupee bets at $100 million, bans nondeliverable forwards
The Reserve Bank of India (RBI) is implementing crisis-era measures to support the falling rupee, targeting speculative arbitrage trades that exacerbate currency depreciation.
Eternal, the company behind Zomato, grants ₹167cr ESOPs to employees
Eternal, the parent company of Zomato, has granted employee stock options (ESOPs) worth approximately Rs 167 crore, according to recent stock exchange filings.
RBI bans NDFs and rebookings to steady rupee, curb speculation
The Reserve Bank of India (RBI) has implemented stringent forex derivative rules to curb speculation and stabilize the rupee, impacting the $149 billion NDF market.
IKEA's AI chatbot Billy handles over half of customer queries
IKEA's use of an AI chatbot for customer queries has not only streamlined operations but also led to a Rs 9,000 crore design consultancy business.
United States criticizes UPI and data localisation in India talks
The United States has identified India's Unified Payment Interface (UPI) and data localization norms as potential barriers to trade ahead of a proposed deal.
Sai Parenterals shares debut above issue price, nearly 5.8% higher
Sai Parenterals Ltd's shares listed at a modest premium, marking a 6% gain from the offer price, following its ₹409-crore initial public offering.
India's manufacturing PMI drops to 53.9, lowest since September 2021
India's manufacturing activity plummeted to a 45-month low of 53.9 in March, marking the slowest pace since September 2021.
Indian markets nearly 2% down after Donald Trump threatened Iran
Investors experienced a significant loss of Rs 10 lakh crore within an hour due to a sharp drop in BSE Sensex and Nifty 50, triggered by rising oil prices.
Indian rupee rebounds 130 paise to 93.53 after RBI intervention
The Indian Rupee rallied following the Reserve Bank of India's (RBI) new regulations aimed at curbing currency volatility and limiting speculative bets.
SpaceX files for IPO as value could top $1.75 trillion
Aerospace stocks and ETFs surge as SpaceX's confidential IPO filing fuels optimism, potentially valuing the company at over $1.75 trillion.
Sensex crashes 1,450 points after Trump escalates Iran threat
Indian stock markets witnessed a major crash in early trade today, with the BSE Sensex plummeting over 1,400 points and the Nifty 50 falling below the crucial mark of 22,250.
India waives duties on key petrochemical imports amid US-Iran war
In a bid to ease supply chain disruptions caused by the ongoing conflict in West Asia, the Indian government has waived import duties on several key petrochemical products.
India cuts customs duties on petrochemicals amid West Asian conflict
India has announced a full customs duty exemption on key petrochemical products to ensure their continued availability amidst the ongoing West Asia conflict.
RBI measures precede rupee recovery to 93.53 per US dollar
The Indian rupee opened 1.3% higher at Rs 93.53 against the dollar, following new measures by the Reserve Bank of India to curb currency volatility.
Sensex plunges over 1,380 points after Donald Trump Iran warning
The Sensex and Nifty experienced a nearly 2% drop due to escalating US-Iran tensions, continued foreign selling, and technical factors.
Wipro launches AI-Native business and platforms unit, names Nagendra Bandaru
Indian SaaS giant, Wipro, is launching a dedicated artificial intelligence (AI) unit following the recent crash in SaaS stocks caused by Claude Cowork's update.
Oil prices surge 5% after Trump vows to hit Iran
Oil prices surged in volatile trading after US President Donald Trump warned of further military action against Iran within the next few weeks.
TCS on overseas remittances cut to 2% starting April
The reduction in Tax Collected at Source (TCS) for overseas payments under the Liberalised Remittance Scheme (LRS) eases financial burden on international travellers and students.
Start-up funding jumps to record $297B in Q1
Global investment in start-ups hit a record-breaking $297 billion in the first quarter of 2026, according to Crunchbase data.
Sam Altman's sister revises childhood sexual abuse lawsuit against him
Annie Altman, the sister of OpenAI CEO Sam Altman, has amended her civil lawsuit against him, alleging sexual abuse dating back to their childhood.
COMEX metals slide after President Trump hints at Iran action
Gold prices fell by 2.21% and silver dropped by 4.22% on April 2, following a recent rally, due to firm dollar demand and geopolitical uncertainty.
Hero MotoCorp stock boosted by March 2026 dispatches and registrations
Hero MotoCorp's shares are in the spotlight after reporting strong sales for March and acquiring a significant stake in Euler Motors.
President Donald Trump's Iran speech unnerves investors as stocks fall
Following President Trump's speech on the Iran war, stocks fell and the dollar gained strength, while oil prices saw a significant rise.
GIFT Nifty drops 430 points after Donald Trump's Iran announcement
The Indian stock market experienced a significant drop as GIFT Nifty fell by 430 points, triggered by a surge in oil prices after US President Donald Trump's speech.
Deloitte to hire 50,000 in India for AI, tech roles
Deloitte plans to hire 50,000 professionals in India, prioritising AI and emerging technologies. The move aligns with the company's focus on upskilling and workforce development.
NSDL just made stock trading cheaper for women
The National Securities Depository Limited (NSDL) has launched a new initiative, the "Women Plan," to promote women's participation in India's stock markets.
Ixigo backed SqaaS launches ShellBot letting anyone run AI agents
SqaaS, an AI startup backed by travel platform ixigo, has introduced ShellBot, a secure AI agent hosting platform aimed at making autonomous AI accessible to all.
AI advances and West Asia conflict hit Indian consulting firms
India's leading consulting and auditing firms are facing job cuts and a hiring freeze due to AI automation and the West Asia war.
India's new project announcements drop 13% to ₹44T in FY26
The war in West Asia and subsequent global uncertainty led to a 13% drop in new project announcements in FY26, reversing India Inc.'s capex momentum.
IndiGo raises fuel surcharge from today, tickets get costlier
IndiGo has announced a hike in fuel charges for both domestic and international flights.
SpaceX files for biggest IPO in history, seeks $1.75T valuation
SpaceX, the space exploration company controlled by billionaire Elon Musk, has filed for an initial public offering (IPO). The move could lead to the largest stock market listing ever.
Chandigarh police arrest Sahil Kukkar in ₹83cr CREST project fraud
The Chandigarh Police arrested accountant Sahil Kukkar in connection with the ₹83-crore CREST fraud case, intensifying the ongoing investigation.
Annie Altman updates childhood sexual abuse lawsuit against Sam Altman
Sam Altman's sister, Annie, has amended her lawsuit accusing the OpenAI CEO of sexual abuse, now pursuing her case under Missouri's child sexual abuse statute.
Related Digital nears $16B Oracle data center to power OpenAI
Related Digital is reportedly close to securing $16 billion in financing for a massive Oracle data center, following extensive investor negotiations.
Personal loans v/s education loans: Key differences and facts
Personal loans and education loans are two popular financial products that serve different purposes.
Air India revises Maharaja Club program: What are the benefits?
Air India has announced a major revamp of its Maharaja Club program, effective from today.
Anil Ambani defrauded LIC of over ₹4,500cr, says CBI
The Central Bureau of Investigation (CBI) has filed a new case against Anil Ambani and others.
VCs bagged almost $2B from IPO exits last year
Venture capital (VC) investors recorded nearly $2 billion in initial public offering (IPO) exits in 2025, Bain Capital's India Capital Venture Report 2026 revealed.
Why EaseMyTrip has partnered with National Skill Development Corporation
EaseMyTrip, a leading travel services provider, has partnered with the National Skill Development Corporation (NSDC) and Sanatan AI.
Blinkit now delivers your orders at Mumbai airport
Blinkit, a leading quick-commerce platform, has launched its services at Mumbai's Chhatrapati Shivaji Maharaj International Airport.
Rediff wants to raise around ₹800cr via IPO in India
Rediff.com India Ltd, a subsidiary of fintech firm AvenuesAI Ltd, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
Ola Electric's shares up 13% today: What's the reason?
Ola Electric Mobility's shares surged by a whopping 13.03% to ₹25.77 today, gaining ₹2.97 in trade.
GST collections surge 8.8% YoY to ₹2L crore in March
India's Goods and Services Tax (GST) collections hit a high of ₹2 lakh crore in March, an 8.8% increase from the same period last year.
ICICI Bank duped of ₹23cr in gold loan scam
ICICI Bank has been embroiled in a major ₹23 crore gold loan scam, which was unearthed during an internal audit.
IndiGo shares surge 9% on CEO appointment, ATF price relief
Shares of InterGlobe Aviation, the parent company of IndiGo, have surged by as much as 9% today. The jump comes amid a positive sentiment across aviation stocks.
OpenAI raises $122B, valuation surges to $852B ahead of IPO
OpenAI, the artificial intelligence (AI) company behind ChatGPT, has raised a whopping $122 billion in its biggest funding round yet.
Sensex gains nearly 1,900 points: What's behind today's rally?
The Indian stock market witnessed a major rally today, with the Sensex and Nifty gaining over 2.5% each.
Premium petrol and diesel just got costlier in India
Indian Oil Corporation has increased the prices of its premium petrol and diesel variants in Delhi.
Oracle cuts 30,000 jobs; 12,000 in India alone
Oracle has begun a major round of layoffs, affecting nearly 30,000 employees worldwide. Out of these job cuts, around 12,000 are from India alone.
Commercial LPG price hiked by ₹195.5 across India
In light of rising global oil prices due to the ongoing West Asia conflict, commercial liquefied petroleum gas (LPG) rates have been increased by ₹195.5 today.
Jet fuel prices surge 100% to cross ₹2L in India
Air travelers in India are likely to face a major increase in airfares as jet fuel prices have more than doubled for April. The hike comes amid the US-Iran war and is expected to hit domestic and international flights hard.
Oracle might have laid off 18% of its global workforce
Oracle has started a major round of layoffs across its global offices.
ITR forms for AY2026-27 notified: Which one should you use?
The Indian government has released the Income Tax Return (ITR) forms for Assessment Year (AY) 2026-27.
India's housing sales dip below 1L mark: What's the reason?
India's housing market has witnessed a major slowdown, with sales across nine major cities falling below the one lakh mark for the first time in 18 quarters.
Indian EV stocks: How to trade effectively
The Indian electric vehicle (EV) sector is witnessing a boom, and so are the stocks of companies associated with it.
Sensex, Nifty likely to rebound on Wednesday: Here's why
The Indian stock market's benchmark indices, the Sensex and Nifty, are expected to open higher on Wednesday. This comes after a two-day losing streak.
Indians use 31GB mobile data monthly, 47% users on 5G
India's average monthly mobile data consumption per user has surpassed the 31GB mark in 2025, a significant increase from 27.5GB in 2024.
Sensex gives zero returns in 2 years: Should you hold?
India's equity markets have been lackluster over the last two years, with the benchmark Sensex now hovering near a two-year low. The index has delivered zero returns during this period.
How US-Iran war has triggered a global helium crisis
The ongoing conflict in Iran is not just affecting energy supplies but also disrupting the supply of helium, a gas critical for cooling artificial intelligence chip-making tools and MRI scanners.
Who is William Walsh, IndiGo's new CEO?
IndiGo has announced the appointment of William Walsh, former British Airways chief, as its new Chief Executive Officer (CEO). The announcement comes after Pieter Elbers's exit from the company.
Air India's new codeshare deal opens doors to Central Asia
Air India has signed a codeshare agreement with Uzbekistan Airways, effective from March 20, 2026.
India may lose 1% GDP growth if US-Iran war continues
The ongoing conflict between US and Iran in West Asia could have a major impact on India's economic growth, according to a recent report by EY.
INOX Air Products gearing up for $1B IPO in India
INOX Air Products, a leading player in the industrial and medical gas sector, is gearing up for a major initial public offering (IPO) in Mumbai.
Oil slips 1% as Trump signals possible end to war
Oil prices fell by nearly 1% on Tuesday, following reports that US President Donald Trump was open to ending the war against Iran.
This B2B manufacturing platform wants to raise ₹5,000cr via IPO
Zetwerk, a leading B2B manufacturing platform, has filed confidential papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
Disney might be interested in buying Fortnite creator Epic Games
The gaming and entertainment industries could be on the verge of a major merger, with rumors of Disney's interest in acquiring Epic Games.
China's factory growth hits 1-year high despite war-related disruptions
China's factory activity expanded at its fastest rate in a year during March, an official survey showed on Tuesday.
F&O trading to become costlier from tomorrow
Trading in equity derivatives is set to become more expensive from April 1.
Airtel raises $1B for data center arm amid AI boom
India's telecom giant Bharti Airtel has raised $1 billion for its data center arm, Nxtra Data. The investment comes from global private equity firms Alpha Wave Global, Carlyle and Anchorage Capital.
Made ITR mistake? Today is last day to fix it
As the March 31 deadline nears, taxpayers who have made mistakes in their tax returns still have a chance to amend them.
Unilever freezes global hiring as US-Iran war disrupts global trade
Unilever, the multinational consumer goods company with over 400 brands, has announced a global hiring freeze.
Convertible debentures: What they are actually
Indian convertible debentures are an interesting investment option for those looking for a combination of fixed income and equity participation.
Centre wants advisories to be legally binding on Meta, others
The Indian government has proposed amendments to its Information Technology (IT) law.
HDFC Bank ex-chair breaks silence on sudden resignation
Atanu Chakraborty, the former part-time chairman of HDFC Bank, has clarified his reason for resigning on March 18.
Agriculture loans: What are the types available?
Agriculture loans are a lifeline for farmers in India, enabling them to fund their farming activities and manage expenses.
MS Dhoni backs AI storytelling platform Kuku
Former Indian cricket captain Mahendra Singh Dhoni has invested in Kuku, a mobile-first artificial intelligence (AI)-driven storytelling platform.
India's industrial output rises 5.2% year-on-year in February
India's industrial output witnessed a jump in February 2026, with the Index of Industrial Production (IIP) growing by 5.2% year-on-year.
Centre clears 1st rare-earth magnet unit in ₹7,100cr electronics push
The Indian government has approved 29 projects worth ₹7,104 crore under the Electronics Component Manufacturing Scheme (ECMS).
Sensex tanks 1,635 points, investors lose nearly ₹10 lakh crore
The Indian equity markets witnessed a massive sell-off on Monday, with the Sensex crashing over 1,600 points and the Nifty falling below the crucial 22,400 mark.
American Airlines 'flight' turn out to be bus-ride, passengers shocked
American Airlines has come under fire for using busses as a mode of transport on certain routes, as part of its Landline service.
Perks to loans: What changes for salaried employees from April
Starting April 1, 2026, salaried employees in India will witness major changes in their corporate perks.
Indian rupee crashes past 95/dollar for first time
The Indian rupee hit a record low today, breaching the key psychological level of 95 against the US dollar.
ATM rules change from April 1: Know limits and charges
HDFC Bank, Punjab National Bank (PNB), and Bandhan Bank have announced changes to their ATM usage rules.
Epic Games layoffs spark backlash over terminally ill employee case
Epic Games, the company behind the popular game Fortnite, has come under fire for its recent decision to lay off 1,000 employees.
Your UPI and card payments are changing from April 1
India's digital payments ecosystem is gearing up for a major security upgrade as the Reserve Bank of India (RBI) prepares to implement stricter authentication norms from April 1.