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NSE appoints record 20 lead managers for major India IPO
The National Stock Exchange has appointed 20 investment banks as book-running lead managers for its IPO, marking the largest syndicate ever for an Indian public offering.
Income Tax Department updates ITR forms 2026-27 with new disclosures
The Income Tax Department has revised eligibility criteria and introduced additional disclosure requirements in ITR forms, impacting income reporting and deductions for taxpayers.
Aneesh Raman says 75% Indian job skills change by 2030
India is at the forefront of AI adoption and skills development, but LinkedIn's Aneesh Raman warns that 75% of job skills in India will change by 2030.
Indian Railways approves ₹8,377.40 cr Eastern Railway signaling upgrade
Indian Railways has approved an Rs 8,377 crore signalling modernisation project for Eastern Railway to enhance safety, reduce delays, and boost train capacity.
China unveils rules curbing food delivery price wars and subsidies
China is introducing new rules to curb "unfair" competition among food delivery platforms, aiming to limit harmful subsidy campaigns and protect merchants, drivers, and consumers.
Oil prices fall as US-Iran peace deal eases supply fears
Oil prices fell on Thursday after US President Donald Trump and his Iranian counterpart Masoud Pezeshkian signed a deal.
Sensex up 108.95 points as markets recover on cheaper oil
The Sensex climbed 200 points from its day's low, while Nifty surpassed 24,100, driven by easing crude oil prices, improved geopolitical sentiment, and strong global market cues.
Raise Securities FY26 revenue ₹905cr up 13.8% profits down 20.1%
Raise Securities, operating investment platform Dhan, posted Rs 905 crore in revenue and Rs 326 crore in profits for FY26, reflecting revenue growth but a decline in profitability.
Starbucks aims for 50 to 100 India store openings yearly
Starbucks plans to open 50 to 100 stores annually in India, leveraging rising coffee demand and maintaining its 30% market share in the fast-growing market.
Nykaa announces $5B GMV target for FY30 after profitable growth
Nykaa aims to achieve $5 billion in gross merchandise value by fiscal 2030, leveraging its expansion into adjacent categories like wellness to capture a larger consumer market.
Jamieson Greer to visit India to push interim trade deal
US Trade Representative Jamieson Greer will visit India from June 22-24 to advance discussions on an interim trade agreement and broader bilateral trade framework.
HDFC Bank shares gain nearly 2% as chairman search advances
HDFC Bank shares rose nearly 2% on June 18 as signs of progress in appointing a permanent non-executive chairman eased investor concerns over governance uncertainties.
Rupee slips 21 paise to 94.71 after Federal Reserve hint
The rupee weakened by 21 paise to 94.66 against the US dollar as the Federal Reserve's hawkish stance boosted the greenback, pressuring Asian currencies and markets.
TSMC founder Morris Chang urges CEOs to avoid hasty layoffs
Morris Chang, TSMC founder, warns against layoffs if rehiring is likely within a year, highlighting hidden costs like severance, training, and employee trust erosion.
NSE files for ₹30,000 crore IPO
The National Stock Exchange of India (NSE), the country's largest stock exchange and a major player in global derivatives market, has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator SEBI.
Andrew Bosworth: Meta employee morale near historic lows amid layoffs
Meta CTO Andrew Bosworth revealed employee morale is near its lowest ever following 8,000 layoffs and a major AI reorganisation that unsettled staff with forced role changes.
How a $4B sneaker brand became an AI company
Shoe manufacturer-turned-AI infrastructure firm, Allbirds, has announced a major rebranding and executive change. The company will now be known as Smartbird.
India's 10-year government bond yield rises to 6.8703% after Fed
The 10-year bond yield climbed to 6.87% on June 18, driven by a weaker rupee and the US Federal Reserve's unexpectedly hawkish outlook signaling potential rate hikes this year.
KOSPI tops 9,000 as Samsung Electronics and SK Hynix rally
South Korea's KOSPI index surpassed 9,000 for the first time, driven by AI-fueled gains in chipmakers Samsung Electronics and SK Hynix, marking a 114% rise this year.
Midjourney unveils full-body ultrasound scanner at San Francisco spa
Midjourney Inc. unveiled its first hardware project, the Midjourney Scanner, a full-body ultrasound device debuting in spa-like wellness centers.
Nifty slips to 24,050 as markets pause after Fed signal
Indian markets trade lower as Sensex remains flat and Nifty slips below 24,050 after the US Federal Reserve's hawkish tone raises expectations of a potential rate hike.
Wealthy Indian investors pivot to diversified, resilient portfolios amid uncertainty
At the ET Alpha Wealth Summit, experts revealed affluent Indians are prioritizing gold, global diversification, and AI infrastructure to build resilient portfolios.
Japan's Nikkei 225 tops 71,000 after U.S.-Iran ceasefire lifts confidence
Japan's Nikkei 225 surged past the 71,000 mark for the first time after a US-Iran ceasefire agreement eased geopolitical tensions, boosting market sentiment and risk appetite.
Microsoft's China AI revenue surges despite US export curbs
Microsoft is generating billions by selling OpenAI models and cloud services to Chinese tech giants, even as the US government tightens restrictions on advanced AI exports.
Green economy reaches $10 trillion as green revenue firms outperform
The green economy has reached a record $10 trillion market value, driven by rapid revenue growth in climate solutions and outperforming broader equity markets.
Bitcoin falls 2% to $64,512.2 amid 16% monthly decline
Bitcoin dropped under $65,000 as easing US-Iran tensions and the Federal Reserve's hawkish stance on interest rates rattled investor confidence.
IEA predicts 2027 global oil supply jump if U.S.-Iran deal
The International Energy Agency forecasts a significant oil supply surplus in 2027, driven by an 8 million bpd supply surge following the Strait of Hormuz reopening.
CSM Technologies opens IPO at ₹107-₹113, subscription June 24-29
CSM Technologies has set its IPO price band at ₹107-113 per share, with the subscription period running from June 24 to June 29. Anchor allocation is scheduled for June 23.
NVIDIA CEO Jensen Huang opposes Trump-backed US AI firm stakes
Nvidia CEO Jensen Huang criticized the Trump administration's proposal for government ownership in AI companies, emphasizing their existing economic benefits to Americans.
Atom XVII launches ₹75 cr fund for Indian consumer startups
Atom XVII, founded by Harsh Kapadia, has announced a ₹75 crore fund to support consumer-focused startups in India, targeting pre-seed to Series A stages over 2.5 years.
Palantir CEO Alex Karp urges practical AI use over 'tokenmaxxing'
Palantir CEO Alex Karp claims enterprise customers are dissatisfied with frontier labs like Anthropic and OpenAI, accusing them of prioritizing "tokenmaxxing" over practical value.
Gold and silver fall after Fed's unanimous hold at 3.5%-3.75%
Gold and silver prices declined as the Federal Reserve maintained interest rates but signaled inflation concerns, prompting investors to reassess bullion expectations.
U.S.-Iran cease-fire helps gold gain 1.5% to $4,322.41 per ounce
Gold prices rebounded over 1% on Thursday, recovering from prior losses, as oil prices declined following the U.S.-Iran interim agreement to extend their ceasefire by 60 days.
Japan's Nikkei 225 hits record, rises 2% as Kospi gains
Asian markets opened strong Thursday, with Japan’s Nikkei 225 surging 2% to a historic 71,000 and South Korea’s Kospi gaining 1%, driven by tech sector strength.
NSE's proposed ₹30,000cr IPO could join India's top10 by valuation
NSE's ₹30,000 crore IPO may position it among India’s top 10 most-valued companies, with an estimated ₹5 lakh crore valuation surpassing blue-chip firms like Infosys.
Foreign investors pour ₹33,000cr into Indian government bonds following tweaks
Foreign portfolio investors have poured a record ₹33,000 crore into Indian government securities in June, driven by tax exemptions, relaxed limits, and expanded investment options.
HDFC Bank 1st to use RBI's swap, raises $750 million
HDFC Bank raised $750 million via 5-year bonds, becoming the first to utilize RBI's 1.5% fixed-rate swap facility aimed at easing external commercial borrowings.
AI demand forces Indian IT firms to merge specialist roles
Indian IT companies face a critical shortage of Forward Deployed Engineers, essential for AI-driven client-site solutions, leading to improvised role bundling.
India's electronics exports jump to 3rd spot valued ₹13L/cr
India's electronics exports ranked third in 2025-26, driven by smartphone shipments. The government aims to elevate it to the second spot, says IT minister Ashwini Vaishnaw.
Gurugram's Vetic raises $40 million to build 1-stop pet platform
Vetic, a Gurugram-based pet care startup, secured $40 million in funding led by Bessemer Venture Partners to expand its clinic network and enhance its integrated pet care platform.
Jonathan Ross of NVIDIA pushes ₹99 AI access for India
Nvidia's chief architect Jonathan Ross emphasizes reducing "cost per intelligence" to make AI accessible in India, targeting sub-₹100 pricing for transformative adoption.
Tata Motors sifts 1.6bn online items as Mahindra scales AI
Tata Motors and Mahindra & Mahindra are accelerating AI adoption across operations, leveraging group IT firms and global partnerships to enhance innovation and revenue growth.
Mukesh Ambani's Reliance Industries working on RIL manifesto for AI
Mukesh Ambani has directed Reliance executives to adopt an AI-first approach, aiming to transform the conglomerate into the world’s first AI-native large organization.
NSE files draft IPO papers to sell 148.9 million shares
India's National Stock Exchange (NSE) has filed draft IPO papers, aiming for a $55 billion valuation, marking a pivotal step after years of regulatory hurdles and delays.
US stocks drop Wednesday after Fed holds rates steady
US stock markets plunged Wednesday after the Fed hinted at a potential rate hike, spiking bond yields and strengthening the dollar, reversing earlier gains in major indices.
Roelof Botha joins SpaceX board after largest IPO ever
Roelof Botha, former Sequoia Capital managing partner, has joined SpaceX’s board after its record-breaking IPO, bringing extensive public company and audit expertise.
Gold falls over 1% after Fed signals possible rate hike
Gold prices dropped over 1% as the U.S. Federal Reserve held interest rates steady but hinted at a potential hike this year, strengthening the dollar and pressuring bullion.
India posts record $863.11 billion exports for 2025-26 despite headwinds
India achieved $863.11 billion in exports during 2025-26, showcasing resilience amid the West Asia crisis and US-imposed tariffs, officials highlighted at a Gujarat event.
US stocks slide after Fed hints at later rate hike
The Dow dropped 507 points Wednesday as nearly half of Federal Reserve policymakers signaled potential rate hikes, unsettling markets under new Fed Chair Kevin Warsh.
US stocks slide as Fed holds rates, hints at hikes
US stocks fell sharply Wednesday, with the Nasdaq and S&P 500 dropping over 1%, as traders raised rate hike bets following hawkish signals from new Fed Chair Kevin Warsh.
TRAI proposes scrapping advisory committee and letting operators handle appeals
Consumer advocacy groups criticized Trai's proposal to eliminate the advisory committee, citing concerns over institutional bias and reduced consumer representation.
Kevin Warsh unveils 5 task forces at 1st Fed meeting
Kevin Warsh, in his first meeting as Federal Reserve Chair, announced five task forces aimed at reshaping communication, data analysis, and inflation strategies.
NSE selects 20 BRLMs for IPO as banks handle marketing
The National Stock Exchange has appointed 20 book running lead managers for its upcoming IPO, marking one of the largest teams assembled for a single listing in India.
RBI removes interest rate cap on new FCNR(B) deposits
The Reserve Bank of India (RBI) has removed the interest rate ceiling on new three- and five-year Foreign Currency Non-Resident Bank (FCNR-B) deposits.
This Indian data center company raised ₹7,000cr at ₹44,914cr valuation
CtrlS Datacenters, a leading Indian data center company, has secured a massive ₹7,000 crore investment from the Canada Pension Plan Investment Board (CPP Investments).
Why IOC, BPCL, and HPCL could each gain ₹20,000cr
India's oil marketing companies (OMCs) could see a major boost in profitability if the current trend of falling crude oil prices continues.
Manipal Hospitals plans $1B IPO in July
Manipal Health Enterprises, which runs the Manipal Hospitals chain, is planning to launch its initial public offering (IPO) as early as next month, as per the Economic Times.
Blue Star, Voltas shares rally amid delayed monsoon
Shares of air conditioner manufacturers and related companies have witnessed a jump of up to 5% on Wednesday.
This 25-year-old sold his AI start-up to Musk for $60B
Michael Truell, a 25-year-old co-founder and CEO of Cursor, an AI coding start-up, has become one of the youngest self-made billionaires in the artificial intelligence era.
Does Louis Vuitton owner Bernard Arnault control French press?
Bernard Arnault, the billionaire owner of the world's largest luxury group LVMH, is facing criticism from journalists' unions in France for his increasing dominance over the country's business and economic press.
Why US government wants lawsuit against xAI to be dismissed
The US Justice Department has moved to dismiss a lawsuit against Elon Musk's xAI, a company accused of operating without proper permits.
You can soon order electronics, jewelry, furniture on Amazon Now
Amazon is ramping up its quick-commerce operations in India by launching over 100 Urban Fulfillment Centers (UFCs).
This housing finance company is planning ₹3,000cr IPO in India
Warburg Pincus-backed TruHome Finance is gearing up for a ₹3,000 crore initial public offering (IPO), Moneycontrol reported.
Google Pay, PhonePe's combined UPI market share now below 80%
For the first time since the National Payments Corporation of India (NPCI) began publishing app-specific transaction data, PhonePe and Google Pay's combined market share has fallen below 80%.
Air India now offers 'Basic' fare on certain domestic flights
Air India has launched a new 'Basic' fare on select domestic routes, aimed at price-conscious travelers.
India's stock market regains $5T valuation
The combined market capitalization of all BSE-listed companies has crossed the $5 trillion mark, hitting a six-week high.
Why Vedanta Aluminium shares are down 14% in 3 days
Vedanta Aluminium, touted as the "crown jewel" of Vedanta Group, has witnessed a massive 14% decline in its shares within three days of listing.
SpaceX overtakes Amazon, Microsoft in market value
SpaceX briefly surpassed Microsoft in market capitalization on Tuesday, becoming the fourth-largest company in the world.
Jio set to file for $4B IPO within days
Reliance Jio Infocomm is expected to file its draft papers for a $4 billion initial public offering (IPO) "within days," as per the Financial Times.
Oil prices fall below $80 for first time since March
Oil prices have started to cool off, falling below $80 per barrel for the first time since early March.
SpaceX acquires AI coding start-up Cursor for $60B
SpaceX, Elon Musk's company, has announced its acquisition of AI coding start-up Cursor for a whopping $60 billion.
Yum Brands sells Pizza Hut chain for $2.7B
Yum Brands, the parent company of Pizza Hut, has announced its decision to sell the iconic pizza chain for $2.7 billion.
Unilever is creating AI twins of factories to boost efficiency
Unilever has joined forces with Accenture to scale the use of artificial intelligence (AI)-powered digital twins across Unilever's global manufacturing network.
Centre raises export duties on diesel and jet fuel
The Indian government has hiked the export duties on diesel and Aviation Turbine Fuel (ATF).
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.
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.
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.
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.
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.
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.
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.
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.
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."
Devyani, Sapphire Foods shares jump on nod for merger
Shares of Devyani International and Sapphire Foods have jumped up to 7% today.
NVIDIA to raise $25B in bonds amid AI demand surge
NVIDIA has announced its plan to raise $25 billion through a US bond issuance.
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.
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.
Japan raises interest rate to 31-year high
The Bank of Japan has raised its policy rate to 1%, the highest in 31 years.
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).
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.
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).
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.
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.
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.
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.
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.
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.
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.
Asset management stocks surge after Sitharaman hints at more reforms
Shares of capital market-focused companies witnessed a major rally on Monday.
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.