LOADING...

Business News

No jargons, no mumbo-jumbo. Read the unadulterated Business news here.

16 Jun 2026
TL;DR

NVIDIA, Coherent to build $2B AI factory in Sherman Texas

Nvidia CEO Jensen Huang envisions AI as a catalyst for U.S. manufacturing growth, with a $2B Texas factory creating 1,000 jobs and advancing critical AI technologies.

16 Jun 2026
TL;DR

Airbus says India flights per person will more than double

Airbus predicts India’s air travel will more than double in the next decade, driven by rising demand and expanding fleets, including versatile aircraft like the A330 neo.

16 Jun 2026
TL;DR

India and Sri Lanka discuss INR LKR trade in Colombo

India and Sri Lanka are advancing local currency trade settlements to reduce transaction costs, mitigate dollar dependency, and enhance bilateral economic resilience.

16 Jun 2026
TL;DR

Avaada Group to reach 17.7 GW in 2 years

Avaada Group plans to expand its renewable energy capacity by 10.5 GW in two years, reaching a total of 17.7 GW, with power purchase agreements already secured.

16 Jun 2026
TL;DR

Unilever, Accenture to deploy over 40 AI factory digital twins

Unilever teams up with Accenture to deploy 40 AI-powered digital twins globally, aiming to enhance efficiency, sustainability, and product quality across its manufacturing network.

16 Jun 2026
TL;DR

Eighth Pay Commission weighs gratuity changes for central government employees

The 8th Pay Commission is reviewing proposals to raise the gratuity ceiling to Rs 75 lakh, potentially transforming retirement benefits for central government employees.

16 Jun 2026
TL;DR

BigBasket names Amit Nanda CEO, Hari Menon remains board member

BigBasket co-founder Hari Menon will step down as CEO, with Amazon veteran Amit Nanda set to take over, marking a new chapter for the Tata-owned e-grocery platform.

16 Jun 2026
TL;DR

New Relic CEO Ashan Willy says India leads AI strategy

India is rapidly embracing AI, with 72% of New Relic’s Indian customers using it, far surpassing the global median of 40%, driving significant demand for observability solutions.

16 Jun 2026
TL;DR

Wipro opens Bengaluru AI center to integrate Anthropic Claude models

Wipro has launched an Applied AI Centre of Excellence for Anthropic's Claude models in Bengaluru, aiming to accelerate enterprise AI adoption across industries.

16 Jun 2026
TL;DR

India launches ARIFAC to fight money laundering and terrorism financing

India launches ARIFAC, a national industry platform uniting reporting entities to enhance AML/CFT compliance and strengthen financial crime prevention.

16 Jun 2026
TL;DR

InvITs pay ₹22,769cr in FY26, total ₹91,000cr, assets ₹7.1Lcr

Infrastructure Investment Trusts (InvITs) distributed ₹22,800 crore to unitholders in FY26, marking cumulative distributions of ₹91,000 crore since inception.

16 Jun 2026
Amazon

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.

16 Jun 2026
TL;DR

India's microfinance loan disbursements rise after nearly 2 years

India's microfinance sector shows signs of recovery after two years of contraction, with improved asset quality and rising loan disbursements signaling the end of a funding winter.

16 Jun 2026
TL;DR

Akasa Air launches 7 weekly direct NMIA Noida International flights

Akasa Air has launched seven weekly flights between Navi Mumbai International Airport and the newly-inaugurated Noida International Airport, enhancing connectivity.

16 Jun 2026
TL;DR

SpaceX announces $60B Anysphere purchase to boost enterprise AI capabilities

SpaceX announced plans to acquire Anysphere, the creator of AI coding agent Cursor, for $60 billion, aiming to strengthen its position in the enterprise AI market.

16 Jun 2026
TL;DR

HDFC AMC launches 'HDFC Growth for GOOD Portfolio' supporting sustainability

HDFC Asset Management Company has introduced the HDFC Growth for GOOD Portfolio, a PMS strategy emphasizing sustainability by excluding sectors like defence, alcohol, and tobacco.

16 Jun 2026
TL;DR

RBI launches 'RBI Reelathon 2026' in Kerala to prevent scams

The Reserve Bank of India has initiated _RBI Reelathon 2026_, a statewide campaign targeting college students to combat rising cyber-enabled financial frauds in Kerala.

16 Jun 2026
TL;DR

Sensex jumps 544 points as IT and energy lead gains

Indian equities extended gains for a third session, with IT stocks driving Nifty closer to 24,000. Sensex surged 544 points, while broader market sentiment remained positive.

16 Jun 2026
TL;DR

Unions and pensioner groups submit demands to Eighth Pay Commission

The memorandum deadline for the 8th Pay Commission has ended, with unions demanding higher basic pay, revised fitment factors, DA merger, and stronger pension protections.

16 Jun 2026
TL;DR

ED raids 17 Maharashtra and Delhi sites over money laundering

The Enforcement Directorate conducted searches at 17 locations in Maharashtra and Delhi, investigating alleged irregularities in a corporate insolvency resolution process.

16 Jun 2026
TL;DR

Indian rupee at ₹94.56 per $1 after 3rd straight gains

The Indian rupee appreciated for the third straight session, closing at 94.56 against the dollar, as softer oil prices and foreign inflows bolstered market sentiment.

16 Jun 2026
TL;DR

Consumer Reports finds Uber and Lyft use AI for pricing

A Consumer Reports investigation reveals Uber and Lyft use AI-driven pricing to charge vastly different fares for identical rides and offer fake discounts based on inflated prices.

16 Jun 2026
Groww

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.

16 Jun 2026
TL;DR

Pickyourtrail opens 10th franchise store in Adyar Chennai, aiding travelers

Pickyourtrail has opened a new franchise store in Adyar, Chennai, marking its 10th physical outlet in India as part of its aggressive offline expansion strategy.

16 Jun 2026
TL;DR

HDFC Asset Management launches 'HDFC Growth for GOOD' sustainable portfolio

HDFC AMC introduces the Growth for GOOD Portfolio, combining ethical values with long-term wealth creation through sustainability-focused investments.

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.

16 Jun 2026
TL;DR

White collar hiring slows as firms reorganize amid AI testing

White-collar hiring is expected to remain subdued as companies focus on workforce reorganization and prioritize AI-driven roles, according to TeamLease Services.

16 Jun 2026
TL;DR

Foreign investors pour $1.5B+ into Indian bonds after U.S.-Iran deal

Foreign investors purchased over $1.5 billion in Indian bonds after the US-Iran peace deal eased oil supply concerns, boosting India's economic outlook and investor sentiment.

16 Jun 2026
TL;DR

World's 500 wealthiest gain record $336 billion in 1 day

The world’s 500 richest individuals added $336 billion on June 15, driven by SpaceX's market debut, pushing their collective net worth to a record $13.3 trillion.

16 Jun 2026
TL;DR

Meta AI reshuffle leaves engineers and product managers unhappy

Meta's aggressive AI investments have sparked employee dissatisfaction, with workers criticizing reassigned roles and morale issues amid the company's recent restructuring efforts.

16 Jun 2026
TL;DR

Vedanta Ltd. to exit MSCI Global Standard Indexes after demerger

Vedanta will be removed from MSCI Global Standard Indexes on June 22 following its demerger into five entities, leaving the residual company with reduced market capitalisation.

16 Jun 2026
TL;DR

QatarEnergy to restart Ras Laffan LNG, hit 50% then 80%

Qatar aims to restore 80% of its liquefied natural gas output within two months of the Strait of Hormuz reopening, following disruptions caused by Iranian missile strikes.

16 Jun 2026
TL;DR

Nykaa and OpenAI let Indian ChatGPT users shop directly

Nykaa partners with OpenAI to list its beauty and fashion catalogue on ChatGPT, enabling Indian users to browse products directly within the chat interface.

16 Jun 2026
TL;DR

Noida-based Coforge targets $5B by FY30, up from FY26 $2.47B

Coforge aims to achieve $5 billion revenue by FY30, leveraging enterprise AI investments, large-account expansions, and market-share gains in traditional IT services.

16 Jun 2026
TL;DR

European STOXX 600 rises 0.3% on U.S.-Iran deal hopes

European shares edged higher on Tuesday as investors evaluated a preliminary US-Iran agreement, boosting optimism for oil supply resumption through the critical Strait of Hormuz.

16 Jun 2026
TL;DR

HCLTech invests $150 million for 10.46% Sarvam stake backing sovereign AI

HCLTech CEO C Vijayakumar highlighted the company's top position in R&D spending among Indian IT firms, emphasizing its focus on advanced AI and innovative solutions.

16 Jun 2026
TL;DR

Italy opens probe into Apple over DMA iOS/iPadOS cloud access

Italy's competition regulator has launched an investigation into Apple's adherence to interoperability rules under the European Digital Markets Act.

16 Jun 2026
DeepSeek

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.

16 Jun 2026
TL;DR

Biocon aims for top global insulin spot in 5 years

Biocon aims to become the world’s top insulin supplier within five years, leveraging growing demand as major pharmaceutical companies pivot to next-generation metabolic drugs.

16 Jun 2026
Reserve Bank Of India (RBI)

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.

16 Jun 2026
SoftBank Group

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.

16 Jun 2026
Microsoft

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.

16 Jun 2026
TL;DR

Survey finds central banks plan more gold buying despite dip

A record 45% of surveyed central banks plan to increase gold holdings in the coming year, driven by emerging markets and geopolitical concerns, according to the World Gold Council.

16 Jun 2026
China

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.

16 Jun 2026
TL;DR

Respond.io raises $62.5 million Series B to fund expansion

Respond.io, a Kuala Lumpur-based messaging platform leveraging AI agents, raised $62.5M in Series B funding to drive acquisitions and expand into North America and Europe.

16 Jun 2026
Paytm

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."

16 Jun 2026
Bombay Stock Exchange (BSE)

Devyani, Sapphire Foods shares jump on nod for merger

Shares of Devyani International and Sapphire Foods have jumped up to 7% today.

16 Jun 2026
TL;DR

Adani Ports plans up to $100 million AI investment with Kaleris

Adani Ports partners with Kaleris, committing up to $100 million to deploy AI-powered systems across 15 terminals, boosting efficiency and supporting ambitious growth goals.

16 Jun 2026
TL;DR

European Parliament to vote June 16 on US tariff deal

The European Parliament is poised to approve a landmark tariff agreement with the U.S., aiming to stabilize transatlantic trade relations after prolonged negotiations and delays.

16 Jun 2026
NVIDIA

NVIDIA to raise $25B in bonds amid AI demand surge

NVIDIA has announced its plan to raise $25 billion through a US bond issuance.

16 Jun 2026
TL;DR

RBI opens 12 young professional roles in Mumbai paying ₹1.5L/month

The Reserve Bank of India seeks young professionals for 12 contractual positions in Mumbai, offering a ₹1.5 lakh monthly stipend with a three-year initial tenure.

16 Jun 2026
TL;DR

Sify Infinit pauses $4.2bn IPO amid market weakness in India

Sify Infinit Spaces Ltd. has paused its $391 million IPO plans due to weak Indian stock market conditions, seeking a potential valuation of up to $4.2 billion.

16 Jun 2026
ChatGPT

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.

16 Jun 2026
TL;DR

Michael Dell donates $750 million for new UT Austin campus

Michael Dell has donated $750 million to the University of Texas at Austin, funding a new AI-focused healthcare campus and surpassing $1 billion in total contributions.

16 Jun 2026
TL;DR

Bitcoin holds near $66,000 as altcoins show mixed daily moves

Bitcoin trades at $65,843, supported by whale accumulation and institutional buying. Improved risk sentiment following the U.S.–Iran peace deal bolsters crypto market recovery.

16 Jun 2026
TL;DR

TransUnion report: India's digital fraud rate 7.1% in 2025

India's suspected digital fraud rate reached 7.1% in 2025, nearly double the global average, driven by sophisticated identity-based attacks targeting existing user accounts.

16 Jun 2026
TL;DR

KPMG withdraws AI report after AI generated case studies revealed

KPMG faces backlash after retracting a global AI report containing fabricated case studies and inaccuracies, flagged by GPTZero and verified by the *Financial Times*.

16 Jun 2026
Florida

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.

16 Jun 2026
TL;DR

BlackRock cuts about 200 jobs in 4th round of layoffs

BlackRock, the world's largest asset manager, is cutting nearly 200 jobs—less than 1% of its workforce—as part of ongoing restructuring despite its rapid growth and acquisitions.

16 Jun 2026
TL;DR

Bengaluru startup HomeLane plans IPO within 12 to 24 months

HomeLane, an Indian home interiors platform backed by Peak XV Partners, plans to go public within two years to fund expansion into new cities and adjacent furnishing categories.

16 Jun 2026
TL;DR

HCLTech buys 10.46% stake in Sarvam AI for ₹1,427cr

HCLTech invests ₹1,427 crore in Sarvam AI for a 10.46% stake, while Nvidia plans a $25 billion bond sale. TCS faces a legal setback as SpaceX's valuation soars.

16 Jun 2026
Inflation

Japan raises interest rate to 31-year high

The Bank of Japan has raised its policy rate to 1%, the highest in 31 years.

16 Jun 2026
TL;DR

BiteSpeed and Razorpay launch AI toolkit combining engagement and payments

BiteSpeed teams up with Razorpay to launch a unified AI-powered conversion and retention stack, enabling seamless cross-channel journeys for India's leading D2C brands.

16 Jun 2026
TL;DR

Axis Max Life Insurance posts 99.8% death claim payout

Axis Max Life achieved its highest-ever individual death claims paid ratio of 99.8%* in FY26, settling 20,529 claims worth ₹1641 Cr., showcasing unparalleled customer trust.

16 Jun 2026
Elon Musk

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).

16 Jun 2026
TL;DR

HCLTech buys 10.5% stake in Sarvam AI for sovereign AI

HCLTech's 10.5% stake in Sarvam AI marks its entry into India's $20 billion enterprise AI market, aiming to develop sovereign AI models and expand globally with tailored solutions.

16 Jun 2026
TL;DR

Vinod Khosla warns AI could end India's IT services industry

Venture capitalist Vinod Khosla warns India’s IT giants that AI could disrupt their outsourcing model, urging a shift toward building and deploying AI systems at scale.

16 Jun 2026
TL;DR

Nothing partners with IIT Roorkee and IISc for deep tech

London-based tech company Nothing has signed MoUs with IIT Roorkee and IISc to foster deep-tech innovation, startup growth, and technology design in India.

16 Jun 2026
TL;DR

Nikkei breaks 70,000 after Bank of Japan raises key rate

Japan's Nikkei index hit a record 70,000 after the Bank of Japan raised interest rates to 1%, signaling cautious policy tightening and boosting confidence in economic resilience.

16 Jun 2026
TL;DR

Goldman, Morgan Stanley lower oil price forecasts after U.S.-Iran deal

Morgan Stanley and Goldman Sachs lowered crude price predictions, citing the US-Iran interim deal to reopen the Strait of Hormuz and boost Persian Gulf exports.

16 Jun 2026
TL;DR

Adani Green Energy activates 1.37 GWh BESS at Khavda Gujarat

Adani Green Energy Ltd has operationalised 1.37 GWh of battery energy storage at its Khavda renewable plant, aiming to enhance reliability and meet peak power demand efficiently.

16 Jun 2026
TL;DR

Sterlite Technologies stock up 500% as AI boosts demand

Sterlite Technologies, backed by Anil Agarwal's Vedanta, skyrocketed 500% in 2026, driven by soaring demand for optical fibre amid the global AI connectivity boom.

16 Jun 2026
TL;DR

Reserve Bank of Australia holds cash rate at 4.35% today

The Reserve Bank kept the cash rate at 4.35% as economic growth slowed to 0.3% in Q1 2026, while unemployment climbed to a four-year high of 4.5%.

16 Jun 2026
TL;DR

Devyani International and Sapphire Foods shares jump 7% after BSE

Shares of Devyani International and Sapphire Foods rose up to 7% after BSE issued an observation letter, allowing the companies to proceed with their proposed merger plans.

16 Jun 2026
TL;DR

ED arrests Masoom Juneja on money laundering in ₹500cr scam

The Enforcement Directorate (ED) conducted raids and arrested Masoom Juneja in connection with a ₹500-crore cryptocurrency scam that defrauded over 2.48 lakh investors.

16 Jun 2026
TL;DR

China becomes world's 1st 'swing importer' during 2026 Iran conflict

China's emergence as the world's first oil "swing importer" during the Iran conflict showcases its ability to stabilize global oil prices and reshape energy market dynamics.

16 Jun 2026
TL;DR

Elon Musk's SpaceX and Tesla top Apple at $4.4 trillion

Elon Musk's SpaceX and Tesla have reached a combined market capitalization of $4.4 trillion, surpassing Apple's valuation and rivaling Alphabet, according to The Kobeissi Letter.

16 Jun 2026
China

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.

16 Jun 2026
TL;DR

SpaceX is sharing financial results directly on website and X

SpaceX announced it will share quarterly and annual financial results exclusively via its website and X platform, departing from traditional newswire distribution practices.

16 Jun 2026
TL;DR

India updates WPI base to 2022-23, expands to 957 items

India unveiled a revamped Wholesale Price Index with 2022-23 as the base year and launched Producer Price Indices, marking a shift toward global standards.

16 Jun 2026
TL;DR

Sarvam raises $234 million led by HCLTech, hits $1.5B valuation

Sarvam AI, India's sovereign AI unicorn, focuses on agentic AI solutions while rapidly scaling enterprise offerings after raising $234M in Series B funding.

16 Jun 2026
TL;DR

Zerodha, Groww, Angel One, Upstox win GIFT City trading approval

Zerodha, Groww, Angel One, and Upstox have received approval from IFSCA to enable international stock investing via GIFT City, with launches expected within three months.

16 Jun 2026
TL;DR

SolarSquare raises $53 million led by B Capital, surpasses $100 million

SolarSquare, India's largest residential rooftop solar company, raised $53 million in a Series C round led by B Capital, bringing its total funding to over $100 million.

16 Jun 2026
TL;DR

SpaceX IPO sparks 43% 2 day rally, company valued $2.5tn

SpaceX shares surged 20%, pushing its market cap to $2.5 trillion, as retail investors played a significant role in the blockbuster IPO with strong global demand.

16 Jun 2026
TL;DR

Oil edges up on U.S.-Iran tensions while silver jumps 3%

Crude oil prices rebounded on June 16 as traders assessed US-Iran tensions, while gold steadied after a recent rally, awaiting clarity on geopolitical developments.

16 Jun 2026
TL;DR

AIDE Institute study: AI hiring favors senior roles, squeezes graduates

Despite booming AI adoption, 71% of roles target senior professionals, leaving fresh graduates struggling as companies prioritize experienced talent and AI-ready skills.

16 Jun 2026
TL;DR

Elon Musk's net worth reaches $1.3 trillion after SpaceX IPO

Elon Musk’s net worth soared by $165 billion in a day, reaching an unprecedented $1.3 trillion, as SpaceX shares surged nearly 20% after its blockbuster IPO debut.

16 Jun 2026
TL;DR

Indian EV makers face rising memory costs pressuring EV prices

India's electric vehicle industry faces rising input costs as surging global demand for memory components, driven by AI data centers, creates supply shortages and price hikes.

16 Jun 2026
TL;DR

BOJ to raise key rate to 1% without Kazuo Ueda

The Bank of Japan is poised to raise interest rates to 1%, the highest in 31 years, as it aligns with global tightening trends amid inflationary pressures.

16 Jun 2026
TL;DR

Maharashtra expands green data center policy statewide, targets 30-40 GW

Maharashtra has expanded its green data centre policy statewide, increasing eligible projects from 3 to 20 and introducing incentives to boost digital infrastructure investments.

16 Jun 2026
TL;DR

Morgan Stanley lets AI agents manage corporate stock plans securely

Morgan Stanley becomes the first major Wall Street bank to grant external AI agents direct access to its wealth management platforms, revolutionizing client interactions.

16 Jun 2026
TL;DR

Gold barely moves as markets await U.S.-Iran peace deal details

Gold prices remained stable after a recent surge, as markets awaited clarity on the preliminary U.S.-Iran peace agreement and Federal Reserve policy updates.

16 Jun 2026
TL;DR

US Iran agreement to reopen Hormuz Strait lifts Asian markets

Asian equities rose slightly amid optimism from the US-Iran deal reopening the Strait of Hormuz, while investors awaited key rate decisions from the RBA and BOJ this week.

16 Jun 2026
TL;DR

Schneider Electric Infrastructure stock jumps 10% on Foxconn AI news

Schneider Electric Infrastructure shares surged 10% after its French parent announced a partnership with Foxconn to deliver solutions for building and operating AI infrastructure.

16 Jun 2026
TL;DR

Navneet Govil exits SoftBank Vision Fund amid artificial intelligence focus

Navneet Govil, CFO of SoftBank's Vision Fund, is leaving after a decade as the company restructures and shifts its investment focus toward AI-driven opportunities.

16 Jun 2026
TL;DR

Indian venture capital backs more US AI startups for returns

Indian venture capital firms are increasingly investing in US-based AI startups, citing limited innovative opportunities in India and the potential for higher returns abroad.

16 Jun 2026
TL;DR

YourNest closes ₹400cr Continuum Fund I with HDFC AMC

YourNest Venture Capital has launched a Rs 400 crore continuation fund, anchored by HDFC AMC, to support seven top-performing deeptech startups like Miko and Exponent Energy.

16 Jun 2026
TL;DR

SoftBank KKR and others sold nearly 18,000cr in Indian startups

Global investors like SoftBank and KKR have sold shares worth nearly Rs 18,000 crore in new-age Indian startups post-IPO lock-in expiry, leveraging staggered exit strategies.

16 Jun 2026
TL;DR

Wipro's Sandhya Arun says firms should treat AI as colleague

Indian enterprises are accelerating AI adoption, delivering measurable returns, but legacy infrastructure and data readiness remain significant hurdles, industry leaders reveal.

16 Jun 2026
TL;DR

Insurers adopt AI and automation amid skilled worker shortage

Insurers are leveraging AI to address a talent shortage, enabling automation in claims processing, underwriting, and onboarding without reducing workforce headcount.

16 Jun 2026
TL;DR

ED freezes ₹18.4cr in 129 accounts over fake trading apps

The Enforcement Directorate has frozen ₹18.4 crore across 129 bank accounts during a money-laundering probe into an online investment fraud involving fake stock market schemes.

16 Jun 2026
TL;DR

Avendus Capital foresees REITs and InvITs topping ₹20trn by 2030

Reits and InvITs in India are set to double their assets under management to ₹20 trillion by 2030, driven by increased domestic institutional investments and new asset classes.

16 Jun 2026
TL;DR

United Airlines tests Eurobusiness-style blocked middle seats on A321XLR

United Airlines is considering a Eurobusiness-style economy layout with blocked middle seats on its Airbus A321XLRs, offering passengers extra space and comfort.

16 Jun 2026
TL;DR

Sitharaman announces capital gains tax exemption for foreign portfolio investors

Finance Minister Nirmala Sitharaman announced plans for additional steps to attract foreign capital, following recent tax relief and regulatory initiatives.

16 Jun 2026
TL;DR

CBI probes Ujwal Electric Motors over alleged ₹20cr SIDBI fraud

The CBI has registered a case against Ujwal Electric Motors Pvt Ltd and others for allegedly diverting a ₹20-crore loan from SIDBI, causing significant financial losses.

16 Jun 2026
TL;DR

India raises windfall tax on diesel exports ₹14, ATF ₹12.5

The government increased the windfall tax on diesel exports to ₹14/litre from ₹13.5/litre, effective June 16, aiming to boost domestic fuel availability amid global tensions.

16 Jun 2026
TL;DR

Oil prices steady near $81 ahead of Hormuz pact signing

Oil prices stabilized near their lowest levels since March as optimism grew over a potential US-Iran deal to reopen the critical Strait of Hormuz.

16 Jun 2026
Elon Musk

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).

16 Jun 2026
Amazon

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.

16 Jun 2026
TL;DR

ONGC Videsh to restart San Cristobal and Petrocarabobo in Venezuela

ONGC Videsh Ltd (OVL) plans to restart operations in Venezuela as the country opens its oil sector to greater foreign participation under a new legal framework.

16 Jun 2026
TL;DR

India's top telcos oppose TRAI's standalone voice SMS plans

Reliance Jio, Airtel, and Vodafone Idea oppose Trai's proposal for affordable voice and SMS-only plans, citing technical and economic concerns.

16 Jun 2026
TL;DR

Goldman Sachs cuts India's 2026 current account deficit to 1.3%

Goldman Sachs has lowered India's 2026 current account deficit forecast to 1.3% of GDP, citing stronger remittances, robust services exports, and reduced oil imports.

16 Jun 2026
TL;DR

SpaceX IPO raises $85.7B on June 12, surpassing $75B plan

SpaceX's historic IPO raised $85.7bn, $10bn more than initially reported, as underwriters exercised a greenshoe option to meet overwhelming investor demand.

16 Jun 2026
TL;DR

Proterial to invest ₹2,250cr in NdFeB magnet plant Andhra Pradesh

Japan's Proterial will invest ₹2,250 crore in Andhra Pradesh to establish a rare earth magnet plant, boosting India's local manufacturing and reducing reliance on Chinese imports.

16 Jun 2026
TL;DR

India's engineering exports rise 24.48% to $12.31 billion in May

India’s engineering exports soared 24.5% in May 2026 to $12.31 billion, showcasing resilience amid geopolitical tensions and supply-chain disruptions, according to EEPC India.

16 Jun 2026
TL;DR

Amazon and Meta dial back AI after $7,500 per-employee costs

CEOs are rethinking their AI strategies as spiraling token costs, averaging $7,500 per employee monthly, force businesses to impose usage caps and scale back adoption.

15 Jun 2026
Reserve Bank Of India (RBI)

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.

15 Jun 2026
Startups

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.

15 Jun 2026
Insurance

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.

15 Jun 2026
Nirmala Sitharaman

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.

15 Jun 2026
Kazakhstan

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.

15 Jun 2026
India

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.

15 Jun 2026
Nirmala Sitharaman

Asset management stocks surge after Sitharaman hints at more reforms

Shares of capital market-focused companies witnessed a major rally on Monday.

15 Jun 2026
Mukesh Ambani

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.

15 Jun 2026
Anil Agarwal

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.

15 Jun 2026
India

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.

15 Jun 2026
HDFC Bank

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.

15 Jun 2026
India

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.

15 Jun 2026
Elon Musk

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.

15 Jun 2026
United Kingdom

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.

15 Jun 2026
Nirmala Sitharaman

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.

15 Jun 2026
Elon Musk

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."

15 Jun 2026
Stock Market

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.

15 Jun 2026
Elon Musk

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.

15 Jun 2026
IndiGo

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.

15 Jun 2026
Eicher Motors

India's commercial vehicle stocks up 9% after US-Iran peace deal

Shares of commercial vehicle (CV) manufacturers such as Ashok Leyland, Tata Motors, Force Motors, Eicher Motors and SML Mahindra surged up to 9% today.

15 Jun 2026
France

Trump threatens to impose 100% tariff on French wines

US President Donald Trump has threatened to impose a 100% tariff on French wines if France does not remove its digital tax on American tech giants.

15 Jun 2026
India

India's 10-year bond yield hits 3-month low: What's the reason?

India's benchmark 10-year government bond yield fell to its lowest level since March 25 today.

15 Jun 2026
Stock Market

Investing in Indian stocks is now easier for overseas investors

The Indian government has amended its foreign investment rules, allowing all individual Persons Resident Outside India (PROIs) to invest in shares of listed Indian companies through the Portfolio Investment Scheme (PIS).

15 Jun 2026
Bitcoin

Bitcoin prices hit 2-week high today: What's the reason?

Bitcoin, the world's largest cryptocurrency, has surged to its highest level in nearly two weeks.

15 Jun 2026
Indian Rupee (INR)

INR jumps to highest level since May 8 at 94.68/$

The Indian rupee opened 43p stronger at ₹94.68 against the US dollars today.

15 Jun 2026
BBC

BBC to lay off hundreds of employees

The British Broadcasting Corporation (BBC) is preparing to lay off hundreds of employees from its main news operation next week, according to Financial Times.

15 Jun 2026
Reserve Bank Of India (RBI)

India's wholesale inflation jumps to 9.68% in May

India's wholesale inflation for May stood at a staggering 9.68%, according to a new series introduced by the government.

Rajesh Exports surges 5%, ending 7-day losing streak

Shares of Rajesh Exports witnessed a recovery on Monday, hitting the upper circuit limit of 5% at ₹80.23.

15 Jun 2026
Vedanta

Four new Vedanta stocks debut on Dalal Street after demerger

Shares of four Vedanta Group companies—Vedanta Aluminium, Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel—made their debut on the Indian stock market today.

Razorpay files for ₹5,700cr IPO

Razorpay, a leading player in the fintech sector, has taken a major step toward its public market debut.

15 Jun 2026
Federal Reserve

Gold, silver prices jump 4% as US-Iran reach peace deal

Gold and silver prices witnessed a spike today after the US and Iran reached a deal to end their ongoing conflict.

15 Jun 2026
Elon Musk

SpaceX may generate $1 trillion per year by 2030: Musk

Elon Musk has predicted that SpaceX could rake in annual revenues of around $1 trillion by 2030.

15 Jun 2026
Nifty

Sensex gains over 1,100 points on US-Iran peace deal

Indian stock markets witnessed a major surge in early trade on Monday, with the Sensex gaining over 1,100 points and the Nifty nearing the 24,000 mark.

15 Jun 2026
Donald Trump

Oil prices crash 5% on US-Iran peace deal

Oil prices witnessed a sharp decline on Monday, following President Donald Trump's announcement of a US-Iran agreement to end the naval blockade in West Asia.

14 Jun 2026
New Zealand

Air New Zealand might soon offer direct flights to India

Air New Zealand is considering the feasibility of launching direct flights to Indian cities.

14 Jun 2026
Reliance Industries

Jio enters top 20 rankings of global patent law treaty

Reliance Industries' Jio Platforms has made it to the top 20 of the Patent Cooperation Treaty (PCT) rankings for 2026, released by the World Intellectual Property Organization.

14 Jun 2026
Goa

This Goa-based brewery plans to go public

Latambarcem Brewers (LB Brewers), the Goa-based company behind popular craft beer brand MakaDi and functional beverage Borecha, is targeting ₹500 crore in revenue over the next 4-5 years.

14 Jun 2026
Japan

UK to ink investment deal worth $24B with Japan

The United Kingdom and Japan are on the verge of signing an £18 billion ($24.1 billion) investment deal.

14 Jun 2026
Iran

Wall Street turns to war-risk models as conflicts shake economies

As wars continue to disrupt the financial industry, Wall Street is turning to new catastrophe models for predicting military conflicts.

14 Jun 2026
Emmanuel Macron

Bharat Innovates 2026: Modi meets top global investors in France

Prime Minister Narendra Modi met leading venture capitalists, global investors, and innovation ecosystem leaders in Nice, France, on Sunday.

14 Jun 2026
Florida

Meet Pranjali Awasthi, the 15-year-old who founded ₹100cr AI start-up

Pranjali Awasthi, a young Indian entrepreneur, has taken the tech world by storm with her artificial intelligence (AI) start-up Delv. AI. The company is now valued at nearly ₹100 crore.

14 Jun 2026
Amazon

Amazon to invest $35B in India by 2030

Amazon has announced its most aggressive expansion phase in India, with a planned investment of $35 billion by 2030.

14 Jun 2026
IDBI Bank

LIC eyes stronger market leadership as it nears platinum jubilee

Life Insurance Corporation of India (LIC) is gearing up to strengthen its market leadership in the life insurance sector as it approaches its platinum jubilee.

14 Jun 2026
SpaceX

Uday Kotak calls SpaceX's market listing 'true test of capitalism'

Billionaire banker Uday Kotak has weighed in on the historic stock market debut of SpaceX, calling it a "true test for capitalism."

14 Jun 2026
India

FSSAI issues notices to 8 firms over misleading product claims

The Food Safety and Standards Authority of India (FSSAI) has issued notices to eight food companies over misleading brand names, trade names, and product claims.

14 Jun 2026
Ashwini Vaishnaw

More companies to start memory chip production in India: Vaishnaw

Union Minister Ashwini Vaishnaw has said that more companies are likely to invest in India for memory chip production.

mAadhaar to be replaced by new Aadhaar app: What's changing

The Unique Identification Authority of India (UIDAI) is replacing the mAadhaar app with a redesigned Aadhaar app.

14 Jun 2026
Iran

Global air passenger demand growth to slow down in 2026

The International Air Transport Association (IATA) has predicted a slowdown in global air passenger demand growth for 2026.

14 Jun 2026
Assam

Governance noise is overshadowing ₹1,600cr philanthropic mission: Tata Trusts CEO

Siddharth Sharma, the CEO of Tata Trusts, has defended the institution against recent media scrutiny over governance issues within the Tata group.

14 Jun 2026
Central Government

8th Pay Commission: Salary hike, fitment factor, what to expect

The 8th Pay Commission is set to revise salaries, pensions, and allowances for some 55 lakh central government employees and around 69 lakh pensioners.

14 Jun 2026
China

China overtakes US in total R&D investment

China has officially overtaken the United States in total research and development (R&D) investment, marking a major shift in the global scientific landscape.

14 Jun 2026
Personal Finance

Silver down 50% from all-time high: Should you invest?

Silver prices have witnessed a dramatic fall, correcting nearly 50% from their all-time high of $121 per ounce and ₹4.28 lakh per kg in January.

14 Jun 2026
ICICI Bank

Market cap of India's top 8 firms up ₹1.9L crore

The combined market capitalization of eight out of India's top 10 most valuable companies surged by ₹1.90 lakh crore last week.

14 Jun 2026
Foreign Investment

FPIs withdraw ₹62,853cr from Indian equities in June

Foreign portfolio investors (FPIs) have continued their selling spree in the Indian equity market, pulling out over ₹62,853 crore in early June.