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Karbon Business launches AiAccountant for India's small and midsize businesses
Karbon Business has introduced AiAccountant, an AI-powered platform offering real-time bookkeeping, automated GST filings, and financial tools tailored for India’s 64 million SMEs.
LinkedIn will cut 606 jobs on July 13 amid restructuring
LinkedIn has announced layoffs affecting 606 employees, citing a shift in priorities, while Meta begins cutting over 8,000 jobs amid its AI-focused restructuring.
China to buy 200 Boeing planes with US parts guarantees
China has announced plans to purchase 200 Boeing jets following a summit between US President Donald Trump and Chinese President Xi Jinping, signaling strengthened trade ties.
United Nations cuts 2026 global growth forecast to 2.5%
The U.N. has reduced its 2026 global growth forecast to 2.5%, citing Middle East tensions driving inflation, disrupting supply chains, and dampening economic activity worldwide.
Bandhan Bank uses AI and data to promote financial empowerment
Bandhan Bank is leveraging AI and digital technologies to evolve from its microfinance roots into a universal bank, driving financial empowerment and innovation.
UBS: Mid tier Indian IT firms outperformed giants in FY26
UBS reports a mixed Q4FY26 performance for Indian IT, with mid-tier firms like Coforge outperforming large caps as AI-driven transformation reshapes client spending and priorities.
Acceldata launches autonomous data and AI platform for enterprises
Acceldata has unveiled an autonomous data and AI platform to address fragmented data architectures, positioning India's GCC ecosystem as a hub for enterprise AI innovation.
Foreign investors cut holdings in HDFC Bank, Reliance, Infosys, TCS
Foreign institutional investors have nearly halved their allocation to India's top 10 blue-chip stocks over four years, driven by global capital reallocation trends.
Indian markets slip as Nifty, Sensex fall and rupee weakens
Markets opened lower as Nifty fell 163 points to 23,455, pressured by elevated crude prices above $110 and the rupee hitting a record low of 96.61.
Indian rupee hits 96.8650 per dollar amid US Iran tensions
The Indian rupee plunged to a record low of 96.8650 against the US dollar, while Sensex dropped 517 points and Nifty slipped below 23,500 amid global uncertainty.
ED detains 3 Gameskraft founders for alleged ₹250cr laundering
A Bengaluru court has sent Gameskraft founders to 14-day judicial custody in a money laundering case linked to alleged online gaming fraud, following an ED investigation.
Indian rupee drops to record 96.86 amid oil price surge
The rupee plunged to 96.86 per dollar as stalled U.S.-Iran peace talks drove oil prices higher, intensifying global inflation fears and straining India's economy.
Oil holds above $110 as U.S.-Iran tensions unsettle markets
Global oil prices remained above $110 a barrel on Wednesday as markets assessed mixed signals from US President Trump regarding the ongoing conflict with Iran.
Ecarx, May Mobility $750 million deal aims to halve robotaxi costs
Ecarx Holdings Inc., backed by Chinese billionaire Li Shufu, will supply thousands of self-driving cars to US startup May Mobility in a $750 million deal.
Wesco's Bejoy John: data quality, ownership undermine AI trust
As AI adoption accelerates, firms are realizing that poor data quality and fragmented systems, not algorithm sophistication, are the biggest barriers to successful deployments.
Gold $4,492.80, silver $74.545 barely budge amid Fed, U.S.-Iran tensions
Gold and silver prices held steady as investors monitored US-Iran tensions and anticipated signals from the Federal Reserve on interest rate policy amid inflation concerns.
Gold rises as US and Iran talks ease conflict fears
Gold prices climbed 0.4% as optimism over US-Iran peace talks eased inflation and interest rate concerns, while investors awaited Fed minutes for monetary policy insights.
Samsung and labor union hold talks to avert Thursday strike
Samsung Electronics and its union resumed urgent talks Wednesday, aiming to resolve bonus disputes before 48,000 workers initiate an 18-day strike threatening global supply chains.
Meta begins global layoffs, cuts roughly 8,000 roles worldwide
Meta has initiated layoffs of 8,000 employees globally, starting in Singapore, as part of a restructuring to improve efficiency and prioritize AI investments.
India developing law-to-code privacy enforcement amid AI risk talks
India explores automating legal compliance through a ‘law-to-code’ framework as AI-driven cyber threats rise, while consultations on advanced AI risks gain momentum.
India plans 10-year $1B+ push for electric busses and trucks
India plans over $1 billion in incentives to boost private adoption of electric buses and trucks, aiming to reduce fossil-fuel reliance and enhance energy security.
HSBC CEO Georges Elhedery: AI reshaping jobs, bank retrains staff
HSBC CEO Georges Elhedery revealed AI will eliminate certain jobs while creating new ones, urging employees to embrace the technology as the bank prioritizes workforce retraining.
Singapore overtakes Indonesia as region's largest stock market, valued $645bn
Singapore surpasses Indonesia in stock market capitalization, reaching $645 billion, as Indonesia faces investor concerns and economic challenges.
UpGrad valued at ₹15,980cr as it awaits ₹2,055cr Unacademy acquisition
UpGrad's valuation reached $1.7 billion, as the edtech firm eyes aggressive growth through acquisitions, including a Rs 2,055 crore deal for Unacademy awaiting CCI approval.
AI skills sought in 14% of Indian tech job listings
India's tech job market is witnessing a surge in demand for AI skills, with nearly 14% of January postings requiring expertise, reshaping hiring priorities.
India to rethink nonessential import rules after $28.4bn trade deficit
India is evaluating restrictions on non-essential imports to reduce its trade deficit, support the rupee, and promote domestic manufacturing amid external economic pressures.
AI financial tied to Trump family warns of possible collapse
AI Financial, a major holder of WLFI tokens tied to Trump-affiliated World Liberty Financial, reported significant losses and warned of potential insolvency within the next year.
Indian rupee falls to record 96.53 as Brent hits $100
The Indian Rupee hit a record low of 96.53/$ on Tuesday, driven by elevated crude oil prices and concerns over India's rising import bill, prompting mild RBI intervention.
Indian companies increase confidential IPO filings with SEBI amid volatility
Amid West Asia conflict-induced uncertainty, firms increasingly prefer confidential IPO filings with Sebi to safeguard business details and gain an extended launch window.
IRS drops all pending tax claims against President Donald Trump
The IRS will not pursue Donald Trump, his family, or businesses for back taxes under a Justice Department settlement that also establishes a $1.7 billion compensation fund.
Shay Shwartz's Ocean raises $28 million from Lightspeed and Picture Capital
Shay Shwartz, once a teenage hacker, leveraged his elite cybersecurity expertise to launch Ocean, an AI-powered email security startup that recently secured $28M in funding.
Jury dismisses Musk suit against Sam Altman and Greg Brockman
Elon Musk accused Sam Altman of misusing OpenAI’s non-profit resources, but the trial revealed Musk himself redirected those same resources to benefit Tesla’s self-driving project.
Gold falls to $4,486.63 amid inflation and interest rate fears
Gold prices dropped 1.8% as inflation fears, driven by elevated energy costs and the Iran war, raised expectations of prolonged interest rate hikes by global central banks.
ICRA forecasts India GDP growth at 7% in Q4 FY26
India's Q4FY26 GDP growth is projected at 7%, a three-quarter low, as weaker industrial and services sector performance offsets slight agricultural improvement, according to ICRA.
RBI proposes standardized capital reporting for all banks in India
The Reserve Bank of India has proposed standardized capital adequacy disclosure rules for all banks, including foreign ones, to enhance transparency and comparability.
BofA survey shows fund managers worry about AI data-center debt
AI-driven data center financing has surged, with over $300 billion borrowed since last year, sparking fears of a potential systemic credit event.
Bayer aims to reach 100 million Indian households with Alka-Seltzer
Bayer is expanding its consumer healthcare presence in India, targeting the ₹40,000 crore self-care market with new products like Alka-Seltzer and ambitious distribution plans.
Delhi HC orders Reddy Pharmaceuticals to drop 'Reddy' over trademark
The Delhi High Court barred Reddy Pharmaceuticals from using 'Reddy' in its name, citing similarity to the 'Dr. Reddy's' trademark of Dr. Reddy's Laboratories.
Adani Enterprises gains after US DOJ drops bribery charges ₹2,725
Adani Enterprises shares gained 1.3% to close at ₹2,725 after the U.S. Department of Justice dropped bribery charges against the group and its promoters following a settlement.
SpaceX $75 billion IPO reshapes Brownsville Texas economy and housing
SpaceX's $75 billion IPO is set to create local millionaires in Brownsville, Texas, a historically poor border town now grappling with rapid economic and social changes.
Michael Burry warns AI investment mirrors 1999 dot-com bubble
Michael Burry cautions that the current AI investment frenzy mirrors the dot-com bubble, citing excessive venture capital funding and junk-bond debt in the sector.
Google DeepMind's Demis Hassabis was an early Anthropic investor
Demis Hassabis, the co-founder of Google's DeepMind, was an early investor in the artificial intelligence start-up Anthropic, according to a report by Financial Times.
Why founders of Groww have sold shares worth ₹260cr
The promoters and promoter group of wealth-tech firm Groww have sold a combined 0.23% stake in the company for ₹250-260 crore.
SpiceJet can seek Delhi HC's relief from ₹144cr deposit order
The Supreme Court of India has allowed budget carrier SpiceJet to approach the Delhi High Court for relief from a ₹144.5 crore deposit order.
Nayara Energy restarts operations at its Gujarat refinery
Indo-Russian oil refining and marketing company Nayara Energy has resumed operations at its 400,000 barrels-per-day Vadinar refinery after a maintenance shutdown.
Could dog nannies earn up to $1,34,000 in a year?
The United States is witnessing a surge in demand for a new breed of premium pet care professionals known as "dog nannies" or "dog governesses."
Centre may receive record ₹3 trillion dividend from RBI
India's fiscal position is set for a major boost this week, with the Reserve Bank of India (RBI) likely to transfer a record surplus of nearly ₹3 trillion ($31.2 billion) to the government, according to a Bloomberg report.
After 80 days, you can now trade in Iranian stocks
Iran's stock market has reopened today, after an unprecedented 80-day closure due to the conflict with US and Israel.
Indian start-up database in the works: What will it cover?
The Ministry of Electronics and Information Technology (MeitY) is planning to create a comprehensive national start-up database.
Adani Group shares surge as US drops criminal charges
Shares of the Adani Group, including Adani Enterprises and Adani Ports, witnessed a jump of up to 3.5% on Tuesday.
Indian rupee hits all-time low of 96.47 against USD
The Indian rupee has hit a new all-time low, falling to 96.47 against the US dollar. The fall comes amid persistently high crude oil prices and weaker Asian currencies.
Ahead of upGrad merger, Unacademy's test-prep chief Sumit Jain resigns
Sumit Jain, the CEO of Unacademy's test-prep business, has resigned from his full-time role. The decision comes ahead of a potential merger between Unacademy and upGrad Education.
Why Starbucks Korea has fired its CEO
Starbucks Korea's CEO Son Jung-hyun has been fired over a controversial marketing campaign.
Google and Blackstone plan to launch an AI cloud company
Tech giant Google and investment firm Blackstone are teaming up to launch a new artificial intelligence (AI) cloud company.
Meta moves 7,000 employees to AI roles ahead of layoffs
Meta is gearing up for a major layoff round tomorrow, May 20. The tech giant is expected to cut around 8,000 jobs or about 10% of its global workforce.
NextEra buys Dominion for $67B as AI power demand surges
US power giants NextEra Energy and Dominion Energy have announced a merger deal worth $66.8 billion.
Standard Chartered to cut over 7,000 jobs by 2030
Standard Chartered has announced plans to cut over 7,000 jobs globally by 2030.
Musk slams OpenAI lawsuit verdict, says legal fight isn't over
A US jury has ruled against Elon Musk in his lawsuit against OpenAI, the artificial intelligence company led by Sam Altman.
Oil prices fall below $110 as Trump pauses Iran attack
Oil prices fell sharply in early Asian trade on Tuesday, after US President Donald Trump announced a pause in military action against Iran.
Fuel prices raised by 90p; second hike in 4 days
Petrol and diesel prices have witnessed another hike across major Indian cities, marking the second increase in a week.
Musk loses lawsuit against OpenAI and Sam Altman
A jury in Oakland, California has ruled against Elon Musk in his high-profile lawsuit against Sam Altman and OpenAI.
PwC sued by liquidators of China Evergrande for $8.4B
The liquidators of China Evergrande, a major Chinese property developer that went bankrupt, are suing accounting firm PricewaterhouseCoopers (PwC) for CNY 57 billion ($8.4 billion).
How India's LPG shortage is having an effect on California
India, world's most populous country, relies heavily on LPG for cooking.
Why Apple Pay's launch in India has been delayed
Apple's plans to launch its payment service, Apple Pay, in India have hit a snag over commission negotiations with major banks, Moneycontrol has reported.
ICICI Bank to retain majority stake in ICICI Prudential Life
ICICI Bank has announced its decision to maintain a majority stake in the ICICI Prudential Life Insurance Company.
How NPS plans to make your retirement easier
The Pension Fund Regulatory and Development Authority (PFRDA) has announced a major change in the National Pension System (NPS).
Kalshi, Polymarket onboarding Indian users despite ban on online betting
Despite India's ban on online betting platforms, Kalshi and Polymarket are still allowing Indian users to sign up and trade on their prediction markets.
Why SEBI has summoned company secretary of IndusInd Bank
The Securities and Exchange Board of India (SEBI) has summoned IndusInd Bank's Company Secretary Anand Das in connection with an alleged insider trading case, Moneycontrol has reported.
OPPO wants to form a manufacturing JV in India
Chinese smartphone giant OPPO is in talks with Indian electronics makers Amber Group and Bhagwati Products to form a manufacturing joint venture (JV) in India, as per Moneycontrol.
India-Oman FTA might be effective from June 1: Piyush Goyal
India's free trade agreement (FTA) with Oman should come into effect from June 1, Commerce Minister Piyush Goyal announced today.
Bank of India has revised interest rates for these FDs
Bank of India has revised its interest rates on medium and long-term fixed deposits (FDs) of less than ₹3 crore.
SEBI plans rules for AI-based trading
The Securities and Exchange Board of India (SEBI) is working on a framework to regulate artificial intelligence (AI)-driven trading.
Sensex rebounds over 1,100 points from day's low
The benchmark indices, Sensex and Nifty, have staged a partial recovery on May 18. The recovery comes after a sharp decline of up to 1.3% in intra-day trading.
Anthropic, OpenAI dominate paid AI app market with 89% share
Anthropic and OpenAI together account for the majority of the paid artificial intelligence (AI) app market, a new survey has revealed.
Centre reviews IDBI Bank stake sale
The Indian government is looking for ways to revive the stalled sale of a majority stake in IDBI Bank. The move comes after bids earlier this year fell short of expectations.
Apple must cooperate with India's antitrust probe: Delhi High Court
The Delhi High Court has ordered Apple to fully cooperate with the ongoing antitrust investigation into its iPhone app market practices.
Samsung Electronics' union will go on strike as planned
Samsung Electronics' union has said in a statement that it will proceed with its planned strike despite a local court partially granting the company's request for an injunction.
SEBI's intraday borrowing proposal: What it means for mutual funds
The Securities and Exchange Board of India (SEBI) has proposed a major change in the way mutual funds operate.
India retains position as world's fastest-growing major steel producer
India has retained its position as the world's fastest-growing major steel producer, according to a recent report by Goldman Sachs.
NSE starts digital gold trading
The National Stock Exchange of India (NSE) has launched live trading in its Electronic Gold Receipts (EGRs) segment.
Bain Capital raises $10.5B for Asia-focused private equity fund
Bain Capital, a leading global investment firm, has announced the final close of its sixth Asia-focused private equity fund.
Energy crisis: Delhi govt advises 2-day WFH, staggered office hours
In light of the ongoing global energy crisis, the Delhi government has issued an advisory urging private companies and organizations to implement a minimum of two-day work-from-home (WFH) policy and staggered office hours.
Why Hindustan Zinc's shares are falling sharply
Hindustan Zinc's shares have witnessed a steep decline of over 7% in the last two trading sessions.
How companies in EU will lower reliance on China
The European Union (EU) is drafting new regulations that would require companies in the bloc to source critical components from at least three different suppliers.
HDFC Bank devalues its credit cards: How it affects you
HDFC Bank has announced a series of changes to the benefits associated with its Regalia Gold and Diners Privilege credit cards.
HSBC to lend $4B to these Chinese companies
HSBC has announced a new $4 billion credit facility to support Chinese companies in sustainable and transitional technology.
Bitcoin hits 2-week low today: Here we decode why
Bitcoin has hit a two-week low of $76,700 as the cryptocurrency market faces a major selloff.
US-Iran war has cost global firms around $25B
The ongoing US-Israeli conflict with Iran has already cost global companies at least $25 billion, a Reuters analysis has found.
This little-known $2 trillion company is bigger than Tesla, Meta
While Tesla, Apple, and Berkshire Hathaway hog the limelight, a little-known tech giant has quietly made its way to the top of America's most valuable companies.
Airtel becomes India's 2nd-most valuable company
Telecom giant Bharti Airtel has overtaken HDFC Bank to become the second-most valuable company in India by market capitalization.
Paytm brings UPI to teens with Pocket Money feature
Paytm has launched a new feature called 'Pocket Money,' allowing teenagers to make UPI payments even if they don't have their own bank account.
ICICI Prudential Life shares fall 7%: What's driving the decline?
ICICI Prudential Life Insurance Company Limited's shares have witnessed a sharp decline of over 7% in early trade today.