Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
India's LPG imports drop 46% amid Strait of Hormuz conflict
India's LPG imports fell by 40% in March due to disruptions in the Strait of Hormuz, despite assistance from the US and Iran.
Marc Benioff says CEOs wrongly blame AI for white-collar cuts
Salesforce CEO Marc Benioff criticizes the oversimplified narrative that AI is causing mass layoffs, arguing that people don't fully understand the situation.
Microsoft invests $10B in Japan AI infrastructure, Sakura Internet rises
Sakura Internet's shares soared by over 20% following Microsoft's announcement of a $10 billion AI investment in Japan, involving the cloud company and SoftBank.
New report finds 86% of Indian employees experienced AI disruption
Four out of five Indian workers are developing new skills to adapt to the rapid technological shifts driven by artificial intelligence, according to a recent ETS report.
US-Iran war jolts markets, delays IPOs for firms like PhonePe
The ongoing conflict in the Middle East has sent shockwaves through global financial markets.
Electrical parts shortage may delay almost half US AI projects
The US artificial intelligence (AI) data centre buildout is experiencing a significant slowdown due to equipment shortages and increased dependence on Chinese imports.
Jubilant FoodWorks will not renew Dunkin' India franchise amid losses
Jubilant FoodWorks Ltd, the operator of Dunkin' Donuts in India, has decided not to renew its franchise agreement, leading to a phased shutdown by year-end.
India's Russian oil imports surge 90% amid US-Iran war
India has significantly increased its crude oil imports from Russia in March.
Bengaluru AI startup NeuroPixel. AI closes amid funding and competition woes
Bengaluru-based AI startup, NeuroPixel.AI, has discontinued its operations due to financial difficulties and increased market competition.
RBI to raise ₹2.54L/cr for states and UTs Apr-Jun 2026
The Reserve Bank of India (RBI) has unveiled a ₹2.54 lakh crore state borrowing plan for the April-June quarter of 2026-27.
Why Centre has paused 60% free flight seats selection order
The Indian government has suspended its recent directive mandating airlines to offer at least 60% of flight seats for free.
Chennai drone startup Garuda confidentially files ₹1,000cr IPO with SEBI
Garuda Aerospace, a drone technology startup, has confidentially filed draft papers for a Rs 1,000 crore initial public offering (IPO) with India's market regulator.
Tata Group launches plan to assist 10,000+ West Asia employees
Tata Sons chairman, Natarajan Chandrasekaran, met with group CEOs to discuss the potential business implications of the West Asia war.
HDFC Bank penalizes 12 executives in Credit Suisse bond controversy
HDFC Bank has taken disciplinary action against at least 12 senior and mid-level executives, including Ashish Parthasarthy, over their alleged involvement in the mis-selling of Credit Suisse AT1 bonds.
Gautam Adani meets Yogi Adityanath, praises UP $1T by 2030
Industrialist Gautam Adani recently met with Uttar Pradesh Chief Minister Yogi Adityanath, expressing support for the state's ambitious $1 trillion economy target by 2030.
Rajasthan electricity regulator keeps power tariffs unchanged statewide for 2026-27
The Rajasthan Electricity Regulatory Commission has decided to maintain the current electricity tariffs for FY 2026-27, benefiting over 1.75 crore consumers.
Trump administration appeals court decision in Anthropic ruling
The Trump administration has appealed a federal judge's ruling that temporarily halted the Pentagon's ban on Anthropic.
Amazon adds 3.5% surcharge to offset fuel costs
Amazon has announced a temporary 3.5% fuel and logistics surcharge for third-party sellers using its platform.
Supabase reportedly seeks about $500 million to double valuation to $10B
Singapore's sovereign wealth fund, GIC, is reportedly leading an investment round in open-source database startup Supabase, potentially doubling its valuation to $10 billion.
RBI bars banks offering rupee NDFs to curb speculation
The Reserve Bank of India's (RBI) prohibition on banks offering rupee non-deliverable forward contracts has led to a wider gap between domestic and overseas currency markets.
Walmart-backed PhonePe postpones IPO as Middle East conflict rattles markets
Geopolitical tensions in the Middle East are causing global companies to delay IPOs and cut dividends as financial markets face significant volatility.
Microsoft announces $10 billion Japan investment for AI and cybersecurity
Microsoft plans to invest $10 billion in Japan between 2026 and 2029 to enhance artificial intelligence infrastructure and bolster cybersecurity cooperation with the government.
Trump hits some drugmakers with 100% tariffs
US President Donald Trump has announced a new tariff regime targeting pharmaceutical companies that have not signed up for his "Most Favored Nation" pricing scheme.
Apple Fitness chief to step down following harassment claims
Apple has announced that Jay Blahnik, Vice President of Fitness Technologies, will retire in July after a 13-year tenure with the company.
OpenAI acquires TBPN, a tech talk show
OpenAI, the artificial intelligence giant, has acquired Technology Business Programming Network (TBPN), a popular tech industry talk show. The move marks OpenAI's first acquisition of a media company.
Trump imposes 50% tariffs on steel, aluminium and copper
US President Donald Trump has revised the national security tariffs on steel, aluminium, and copper imports.
Oracle faces backlash for layoffs and over 3,100 H-1B petitions
Oracle's decision to file thousands of H-1B petitions for foreign workers has sparked outrage, coinciding with the company's mass layoffs of its employees.
India to finalize FTAs with Oman UK New Zealand
India is set to operationalise trade agreements with Oman, the UK, and New Zealand within the next six weeks, according to Commerce and Industry Minister Piyush Goyal.
SpaceX preparing IPO that could top $2 trillion valuation
SpaceX is reportedly aiming for a valuation exceeding $2 trillion in its proposed initial public offering (IPO), potentially marking the largest market debut in history.
Sensex gains 185 points to 73,320 as rupee recovers
The Sensex rose by 185 points due to strong value buying in IT and banking shares, coupled with a significant rebound in the rupee.
Nikkei and Kospi rise on US rebound amid Iran hopes
Asian stocks, particularly in Japan and South Korea, experienced gains following a rebound in US shares amid easing Middle-East conflict tensions.
Donald Trump ties US 50% tariffs to customer-paid import values
President Trump has revised national security tariffs, maintaining a 50% duty on steel, aluminum and copper imports while reducing rates for derivative products.
US job market steady as initial claims fall to 202,000
Despite geopolitical tensions and volatile trade policies, the US labor market remains steady with a slight drop in jobless claims, but a widening trade deficit in February.
Noon raises $44 million to connect design and live code
San Francisco-based startup Noon, an AI-native tool bridging the gap between product design and engineering, has secured $44 million in funding after emerging from stealth mode.
US and Iran tensions raise demand for Indian satellite imagery
The ongoing US-Iran war is driving a surge in demand for satellite surveillance data, offering a unique opportunity for India's burgeoning space startups.
India unlikely to slip into recession despite West Asia conflict
Despite the ongoing West Asia war, Bank of Baroda's chief economist Madan Sabnavis dismisses recession fears for India, but warns of a potential economic slowdown.
India readies ₹2.5L/cr credit guarantee scheme amid West Asia conflict
India is preparing a new credit guarantee scheme to support industries affected by the West Asia conflict, potentially providing guarantees up to ₹2-2.5 lakh crore.
India's bottled water industry faces price pressure from Iran conflict
The ongoing war with Iran could potentially increase the cost of bottled water and beer for Indians due to rising raw material prices.
Amazon adds 3.5% FBA fuel surcharge from April 17
Amazon has introduced a 3.5% fuel surcharge for sellers using its distribution network, as the ongoing war in Iran disrupts global oil markets and elevates transportation costs.
Bitcoin falls 3.6% to $65,709 amid Middle East conflict
Bitcoin continues to trade near its lower range due to ongoing uncertainty surrounding the Middle East conflict, causing a significant drop in cryptocurrency values.
Trump announces Liberation Day tariffs targeting imported drugs and steel
President Trump commemorates the first anniversary of "Liberation Day" by introducing new tariffs on foreign-made pharmaceuticals and steel.
Sohan Lal Commodity Management files confidential IPO papers with SEBI
Sohan Lal Commodity Management (SLCM), a technology-driven agricultural logistics firm, has confidentially filed preliminary papers for an Initial Public Offering (IPO) with SEBI.
President Trump's Iran speech hint lifts US dollar higher
The US dollar surged against other currencies as President Trump's recent speech on Iran renewed concerns about the ongoing conflict, prompting a shift towards safe-haven assets.
Delivery robots face vandalism from UC Berkeley to Sheffield, England
Delivery robot companies are facing significant challenges as their bots increasingly become targets of vandalism, causing extensive damage and financial losses.
US tech firms cut over 52,000 jobs amid AI shift
The first quarter of 2026 witnessed over 50,000 tech layoffs, a 40% increase from the previous year, largely attributed to the rise of artificial intelligence.
Indian REITs: All about the investment option
Real Estate Investment Trusts (REITs) offer a unique opportunity to invest in real estate without the hassle of owning physical property.
Planning to take a loan? Keep reading
Navigating the world of loans can be tricky, especially when it comes to understanding the nuances of loan agreements.
India to impose stricter penalties on renewable energy producers
India is all set to impose stricter penalties on wind and solar power producers from April 2027.
Indian government backs RBI's aggressive measures to stabilize rupee
The Indian government has backed the Reserve Bank of India (RBI)'s aggressive measures to curb currency speculation.
Airtel becomes world's 2nd-largest telecom operator with 650M subscribers
Bharti Airtel has officially become the world's second-largest telecom operator, with a subscriber base of 650 million. The company has operations in India and Africa.
Foreign investors pull out ₹1.8L cr in FY26, worst-ever outflow
Foreign portfolio investors (FPIs) pulled out a record ₹1.17 lakh crore in March 2026, the highest monthly outflow ever.
Jane Street faces I-T notice over ₹20,000cr derivatives gains
The Income Tax Department has issued a draft notice to high-frequency trader (HFT) Jane Street.
World's richest may be hiding $3.5 trillion from tax authorities
Oxfam, a leading charity organization, has claimed that the world's wealthiest people may have hidden around $3.55 trillion from tax authorities.
India achieves record defense exports of ₹38,400cr in FY26
India's defense exports have hit a record high of ₹38,424 crore in the financial year 2025-26.
Visa fees to norms: Fresh hurdles for Indians moving abroad
The start of the new financial year has brought major hurdles for Indian citizens looking to travel or migrate abroad.
India's telecom subscriber base reaches 1.3B in February
India's telecom sector continued its growth trajectory in February 2026, with the total subscriber base reaching a whopping 1,321.31 million.
Why Iran sees Gulf data centers as strategic war targets
In a major shift in modern warfare, Iran has been targeting commercial data centers and tech-related infrastructure across the Gulf.
India's manufacturing sector hits 45-month low: PMI plunges to 53.9
India's manufacturing sector has hit a major roadblock, with the Purchasing Managers's Index (PMI) plunging to a 45-month low of 53.9 in March.
US flags India's UPI as trade barrier
The US has flagged India's Unified Payments Interface (UPI) and data localization rules as trade barriers.
Amazon in talks to acquire Apple's primary satellite partner
Amazon is reportedly in negotiations to acquire Globalstar, a leading satellite telecom group.
Gold, silver tumble 4% as Trump escalates Iran tensions
Gold and silver prices witnessed a sharp decline today, with COMEX gold falling by 2.21% to $4,677 per ounce and silver plunging by 4.22% to $72.87 per ounce.
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.
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.
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.
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.
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.
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.