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Iris Clothings reports 43% March quarter net profit ₹6 cr
Iris Clothings reported a 43% rise in Q4 net profit to ₹6 crore, driven by robust demand and improved margins, with income increasing 50% to ₹60 crore.
Amazon launches Amazon Now 30-minute delivery on thousands of items
Amazon has launched “Amazon Now,” a 30-minute delivery option, in several U.S. cities, offering ultra-fast access to groceries, essentials, and more.
NIIT Learning Systems eyes double digit FY27 growth, $459 million outlook
NIIT Learning Systems aims for double-digit constant currency growth in FY27, driven by robust contract wins and increasing adoption of AI-led learning solutions.
UAE's Habshan plant likely offline until 2027 after Iranian strikes
The UAE's Habshan gas processing plant, damaged in Iranian attacks earlier this year, is operating at 60% capacity and may not fully recover until 2027, reports Financial Times.
Sensex plunges over 1,400 points as markets lose 9.6L/cr
Benchmark indices witnessed sharp declines as Sensex fell 1,456 points and Nifty dropped below 23,400, driven by rising crude prices, rupee weakness, and geopolitical tensions.
TikTok challenges EU gatekeeper designation under Digital Markets Act
TikTok is contesting its designation as a "gatekeeper" under the EU Digital Markets Act, arguing it doesn't meet the criteria. The case could reshape Europe's Big Tech regulations.
India FY26 reserves $691.1bn could fund nearly 89% of imports
India’s foreign exchange reserves, including gold, totaled $691.1 billion in FY26, covering 89% of annual imports and providing a buffer against external economic pressures.
Fitch expects 4-5% rise in India's electricity demand FY27
India's power demand is projected to grow by 4-5% YoY in FY27, driven by sustained economic growth, increased cooling needs, and a rebound from FY26's low base.
India and Russia near agreement on lithium and rare earths
India and Russia are nearing a preliminary agreement on critical minerals, focusing on lithium and rare earths, to boost exploration, processing, and technological collaboration.
Sarvam AI to build 1 trillion parameter model for India
Pratyush Kumar of Sarvam AI emphasizes India's urgent need to develop homegrown trillion-parameter AI models to drive economic growth and avoid reliance on foreign innovation.
HrdWyr raises $13 million Series A to upgrade AISoC globally
HrdWyr, an AI-native semiconductor startup, raised $13 million in a Series A round led by Ideaspring Capital to advance AISoC development and expand global customer reach.
Indian banks resume gold and silver imports after paying IGST
Indian banks have resumed gold and silver imports, agreeing to pay a 3% customs levy, ending a month-long pause that disrupted shipments and impacted the country's trade dynamics.
India's sub-$100 phone shipments plunge 59% after memory cost rise
Rising memory costs led to a 59% year-on-year decline in India's sub-$100 smartphone shipments in Q1 2026, marking a structural shift toward higher-priced devices.
Indian rupee hits record 95.6 per USD amid oil surge
The Indian rupee hit a record low of 95.6 against the US dollar, driven by geopolitical tensions, soaring crude prices, and PM Modi’s austerity measures impacting market sentiment.
SBI to raise up to $2 billion via foreign bonds
State Bank of India plans to raise up to $2 billion via overseas bonds in FY27, subject to market conditions and regulatory approvals, through public issuance or private placement.
India's industry bodies propose monetizing household gold to curb imports
India's bullion industry proposes leveraging household gold and refining monetisation schemes to curb record-high gold imports, which surged 24% to $71.9 billion in 2025-26.
Goldman Sachs's Nikhil Bhandari warns of supply crunch by 2027
Global oil markets are tightening as years of underinvestment in crude production and refining create structural deficits, warns Goldman Sachs' Nikhil Bhandari.
Cognizant Coforge and LTM adopt AI-driven pricing in India
Indian IT outsourcers like Tech Mahindra and Coforge are adopting subscription-based and credit-linked models for AI work, moving beyond traditional hourly billing.
Amazon India expands health benefits for nearly 90,000 delivery associates
Amazon India has enhanced health insurance for 90,000 delivery associates, raising mediclaim coverage to ₹1.5 lakh and introducing OPD benefits up to ₹10,000 annually.
EXIM Bank plans to raise ₹99,500cr in FY27 funding push
EXIM Bank aims to raise ₹99,500 crore in FY27 through domestic and overseas borrowing, with ₹66,000 crore from the Indian market and $3.5 billion via international loans.
OpenAI launches OpenAI Deployment Company with more than $4 billion
OpenAI’s new $4 billion venture aims to revolutionize corporate AI deployment, posing a significant challenge to Indian IT giants like TCS, Infosys, and Wipro.
Dara Khosrowshahi visits India, meets Nirmala Sitharaman, cites quadrupled earners
Uber CEO Dara Khosrowshahi begins a five-day India visit, meeting finance minister Nirmala Sitharaman to discuss platform growth and strategic investments.
Musk never raised concerns over Microsoft's OpenAI investments: Nadella
In the ongoing Musk v/s Altman trial, Microsoft CEO Satya Nadella has testified that Elon Musk never expressed any concerns about Microsoft's investments in OpenAI.
Indian IT stocks tumble as global economic concerns rattle investors
Major Indian IT stocks witnessed a sharp decline on Tuesday, with leading companies like Infosys and Tata Consultancy Services (TCS) witnessing losses of up to 4%.
Gaurik Fashions files IPO SEBI, offers 62L, Aries sells 8L
Gaurik Fashions, a retailer for brands like Skechers, Guess, and Bugatti, has filed draft papers with Sebi to raise funds through an IPO comprising fresh issue and offer for sale.
India's GDP to grow at 6% in 2026, says Moody's
Moody's Ratings has revised India's GDP growth forecast for 2026 downward by 0.8% to 6%.
Japanese snack giant switches to black-and-white packaging: What's the reason?
Calbee, Japan's largest snack manufacturer, will soon switch 14 of its products to black-and-white packaging.
Lawsuit as an asset class? Indian investors now think so
In a first for India, investors are now funding commercial lawsuits in exchange for a share of future settlements or court awards.
Why NSE may prepone its IPO filing in India
The National Stock Exchange (NSE) is likely to speed up the filing of its draft red herring prospectus (DRHP).
Texas sues Netflix over how it tracks viewers
The state of Texas has filed a lawsuit against Netflix, accusing the streaming giant of illegally collecting and sharing user data.
Anant Ambani's Vantara is now selling ice cream in Mumbai
Anant Ambani's wildlife rescue project, Vantara, has launched a new premium ice cream brand in Mumbai.
Why Meta has been sued by a California county
California's Santa Clara County has filed a lawsuit against Meta Platforms, the parent company of Facebook and Instagram.
PVR Inox Q4 FY2026 revenue up 26% but shares fall
PVR Inox's Q4FY26 results showed a 26% revenue growth to ₹1,547 crore, driven by a 22.4% rise in ticket prices and a 32.3% increase in food spending per head.
Jury-led 1-of-a-kind startup awards 2026 seeks internet-first startups in India
A distinguished panel of investors, founders, and policymakers will evaluate India's most promising internet-first startups at the One of a Kind Startup Awards 2026.
India's mutual funds post April record 3.22L/cr inflows, assets 81.92L/cr
India's mutual fund industry saw net inflows of Rs 3.22 lakh crore in April 2026, with overall AUM hitting a record Rs 81.92 lakh crore, reflecting strong investor confidence.
Satya Nadella takes the stand defending Microsoft's $13B OpenAI investment
Microsoft CEO Satya Nadella expressed pride in Microsoft's lucrative early investment in OpenAI, as Elon Musk's lawsuit challenges the AI firm's nonprofit origins.
Pine Labs joins GCash for Business to help Filipino merchants
Pine Labs has partnered with GCash for Business to bring advanced payment solutions, enabling MSMEs in the Philippines to adopt digital payment infrastructure.
Sam Altman faces congressional and Republican scrutiny over OpenAI IPO
OpenAI CEO Sam Altman is under Republican investigation for alleged conflicts of interest tied to his personal investments, as OpenAI prepares for one of the largest IPOs ever.
Moody's cuts India's GDP growth outlook to 6% for 2026-27
Moody's has cut India's 2026 GDP growth forecast to 6%, citing weak private consumption, slower capital formation, and higher energy costs as key factors.
Gold ETFs draw ₹3,040cr in April, silver posts ₹126cr outflow
Gold ETFs attracted Rs 3,040 crore in April, marking a 34% month-on-month increase, while silver ETFs logged their third consecutive outflow with Rs 126 crore withdrawn.
Fractal Analytics plans to raise R&D to 10% of revenue (timing not specified in the source)
Fractal Analytics plans to increase R&D spending from 6.5% to 10% of revenue, focusing on advanced AI platforms and tools, while projecting stronger revenue growth for FY27.
Gold, silver climb ahead of US inflation data, Trump-Xi talks
Gold and silver prices rose on Tuesday as investors kept a close eye on West Asia developments, key US inflation data, and the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping.
Railways Ministry raises DA and DR to 60% from 58%
The Ministry of Railways has implemented a 2% hike in Dearness Allowance (DA) and Dearness Relief (DR) for employees and pensioners, effective retrospectively from January 1, 2026.
Shares slip as Vodafone Idea reports no Vodafone Group contact
Vodafone Idea shares fell nearly 4% after the company clarified it had not received any communication from Vodafone Group regarding a reported stake transfer proposal.
India's litigation funding grows as Five Rivers seeks $25m-$50m fund
Litigation funding is emerging as a new investment asset in India, allowing investors to finance commercial lawsuits for a share of future settlements or court awards.
Russia cuts 2026 growth forecast to 0.4% amid sanctions
Russia has reduced its 2026 growth forecast to 0.4% from 1.3%, citing prolonged sanctions and war-related spending as key factors straining its $3 trillion economy.
MobiKwik posts ₹4.4cr March 2026 quarter profit, revenue up 8%
Digital payments firm MobiKwik posted a ₹4.4 crore net profit in Q4, reversing last year's ₹56.7 crore loss, with EBITDA turning positive at ₹10 crore.
Calbee switches 14 snacks to black and white packaging
Japan's largest snack maker, Calbee, will switch 14 products to black-and-white packaging by late May due to naphtha shortages caused by the Strait of Hormuz blockade.
GitLab announces layoffs to go all-in on AI agents
GitLab, a leading software development platform, has announced plans to lay off employees as part of a major restructuring effort.
JSW Energy shares slip nearly 6% despite revenue jumping 41%
JSW Energy shares fell nearly 6% after reporting a 9% drop in Q4 net profit, despite a 41% surge in revenue. Rising finance and fuel costs impacted profitability.
Oil prices rise to $105 amid US-Iran ceasefire concerns
Global oil prices have witnessed a spike on Tuesday morning, owing to supply concerns stemming from a fragile US-Iran ceasefire.
Sensex tanks over 700 points: What's behind today's decline?
The Indian stock market opened on a bearish note today, with the Sensex and Nifty extending their losses.
OpenAI launches $4B company to accelerate enterprise AI adoption
OpenAI has announced the launch of a new venture, the OpenAI Deployment Company, with an initial investment of over $4 billion. The firm will be majority-owned and controlled by OpenAI.
Sensex falls 2,700 points, BSE market value drops ₹11L/cr
The Sensex plunged over 2,700 points in four sessions, erasing ₹11 lakh crore in investor wealth amid mixed global cues and concerns over PM Modi's austerity measures.
Indian rupee hits all-time low of 95.58 against US dollar
The Indian rupee has hit a new all-time low, falling to 95.58 against the US dollar on Tuesday.
Sensex falls over 700 points as rupee hits record 95.55
Indian markets tumbled as Sensex fell 700 points and Nifty dropped below 23,650, driven by a record-low rupee and escalating Middle East tensions impacting oil prices.
Nifty IT falls 2.86% as Indian tech faces global uncertainty
Infosys, TCS, and other major IT stocks fell up to 3% as concerns over global economic slowdown, geopolitical tensions, and reduced tech spending weighed on investor sentiment.
NVIDIA expected to beat Q1 estimates as GPUs drive demand
Palantir's recent post-earnings stock drop highlights investor concerns over high AI valuations, signaling potential risks for Nvidia ahead of its May 20 earnings report.
Sensex down 400 to 75,614 amid oil and geopolitical tensions
Indian stock market opened lower for the second consecutive session, with Sensex down 400 points and Nifty slipping 106 points, amid rising crude prices and geopolitical tensions.
SoftBank forecasts ¥236 billion Jan-Mar profit after OpenAI surge
SoftBank is set to report strong quarterly profits, but its escalating debt to fund a growing OpenAI stake has sparked sustainability worries among analysts.
Indian rupee hits record 95.50 per US$1 as oil surges
The Indian rupee plunged to a historic low of 95.50 per US dollar on May 12, driven by surging crude oil prices and uncertainty over the US-Iran ceasefire.
JSW Energy posts ₹574 cr Q4FY26 profit, revenue rises 41%
JSW Energy reported a 38% rise in net profit to Rs 574 crore and a 41% revenue growth year-on-year, driven by higher power sales and robust renewable and thermal generation.
Fractal reports ₹886.3 cr revenue and ₹116 cr profit post-IPO
Fractal reported Rs 886 crore revenue in Q4 FY26, marking a 17% YoY growth, while profits surged 109% to Rs 116 crore during the same period.
BOJ signals possible June 16 rate increase amid inflation worries
The Bank of Japan indicated a potential interest rate hike next month, citing inflation risks linked to Middle East tensions and prolonged geopolitical uncertainties.
Five IIT Madras deep tech startups aim for US market
Five IIT Madras-incubated deep-tech startups, spanning electric aviation to AI, are advancing US expansion efforts after participating in the SelectUSA Investment Summit.
GitLab announces layoffs as Bill Staples frames 'agentic era' plan
GitLab has unveiled a restructuring plan involving workforce reductions and operational changes, as CEO Bill Staples emphasizes the rise of AI-driven software development.
India's global market share falls below 3% amid foreign outflows
India's share in global market capitalisation fell below 3% for the first time in four years, driven by foreign investor outflows and elevated crude oil prices.
India cuts oil and gas royalties to boost domestic production
India has slashed royalty rates on crude oil and natural gas production, including deepwater fields, to incentivize domestic exploration and reduce reliance on energy imports.
Oil prices jump as U.S.-Iran ceasefire uncertainty fuels supply fears
Global oil prices climbed on Tuesday as supply concerns grew due to a tenuous US-Iran ceasefire, with Brent trading near $105 per barrel despite strategic reserve releases.
Fractal Analytics Q4 revenue ₹886.3cr up 17% profit ₹115.6cr
Fractal Analytics reported robust Q4 earnings with a 17% revenue growth and expanded its "Must Win Client" base to 59 clients, driving investor interest in its stock.
US dollar steadies at 97.98 as Middle East talks stall
The U.S. dollar held firm Tuesday as stalled Middle East peace talks fueled investor concerns, driving oil prices higher and raising fears of prolonged inflationary pressures.
GoPro mulls sale or merger after Oliver Wyman camera collaboration
GoPro announced plans to evaluate strategic options, including a potential sale or merger, following declining revenue and a wider quarterly loss, boosting its shares by over 27%.
Amazon launches 10 minutes deliveries in India to challenge Blinkit
Amazon’s aggressive 10-minute delivery push is intensifying competition in India’s quick commerce market, pressuring leader Blinkit to recalibrate its premium-focused strategy.
Anthropic launches AI service, OpenAI seeks funding, shaking IT industry
Anthropic's joint venture and OpenAI's funding plans intensify competition, while usage-based pricing models challenge Indian IT firms in the evolving AI landscape.
Alpha Compute expands confidential GPU service to India citing privacy
Alpha Compute, a US-based AI infrastructure provider, is introducing its confidential GPU-as-a-service in India, driven by rising demand from clients like Telegram.
Slice tests AI 'personal CFO' in its banking app
Slice is beta-testing an AI-driven financial assistant to expand into wealth management, aiming to offer personalized guidance tied to user goals and financial behavior.
Samsung SK Hynix combined $59.7B profit beats India Inc record
South Korean chipmakers Samsung and SK Hynix posted a combined $59.7 billion profit in March 2026, surpassing the aggregate quarterly profit of all listed Indian companies.
General Motors cuts 600 IT jobs to focus on AI
General Motors has laid off over 600 IT employees, replacing them with specialists in AI-native development, data engineering, and advanced model workflows.
Byron Allen named BuzzFeed CEO, Jonah Peretti to lead AI
Media entrepreneur Byron Allen has acquired a controlling stake in BuzzFeed for $120m, replacing founder Jonah Peretti as CEO amid plans for significant cost cuts.
US stocks rise as AI lifts semiconductor shares, earnings strong
US stocks closed slightly higher as AI-driven gains in semiconductor shares outpaced inflation concerns fueled by rising crude prices and stalled U.S.-Iran peace negotiations.
West Asia conflict delays nearly half of Dubai's 2026 homes
The ongoing West Asia conflict is disrupting Dubai's property market, causing six- to twelve-month project delays due to supply chain issues and rising costs.
India's Supreme Court will hear IEX challenge on market coupling
The Supreme Court will review Indian Energy Exchange's plea against CERC's market coupling order, which aims to unify power trading platforms for improved price discovery.
LTM hires over 6,700 graduates, adds over 1,500 AI agents
LTM onboarded over 6,700 freshers in FY26, a 40% increase, while deploying 1,500+ AI agents internally to enhance workforce productivity and operational efficiency at scale.
Bombay High Court halts ad comparing Berger Paints, Asian Paints
The Bombay High Court has temporarily restrained a WhatsApp ad allegedly disparaging Asian Paints, citing unfair comparisons with Berger Paints in a stain-resistance test.
Karnataka rolls out liquor pricing policy based on alcohol content
Karnataka's new excise policy, effective May 11, recalibrates liquor prices based on alcohol content and social costs, impacting both premium and lower-end liquor segments.
India introduces July 1 tax information rules, mandates 15-day responses
India's new tax framework, effective July 1, prioritizes foreign requests with 15-day deadlines, aiming to curb cross-border evasion and expedite case closures.
Modi government urged to implement mandatory WFH for IT employees
The Nascent Information Technology Employees Senate (NITES) has requested the Union Ministry of Labour and Employment to issue an advisory for mandatory work from home (WFH) in the IT sector.
Diet Coke is back in India but costlier
Diet Coke has made a comeback in India, but this time in costlier glass bottles.
India, Peru might restart free trade agreement talks in June
India and Peru are likely to resume negotiations for a proposed free trade agreement next month.
Adani Power becomes India's most valuable power company
Adani Power has become India's most valuable listed power company, thanks to a nearly 50% surge in its stock price this year.
Space tech start-up Agnikul in talks to raise $50-75M
Space technology start-up Agnikul Cosmos is in talks to raise between $50 million and $75 million, as per Economic Times.
'No petrol, diesel shortage': Government after PM's 'save fuel' appeal
The Indian government has assured that there is no shortage of petrol, diesel, liquefied petroleum gas (LPG), or crude oil in the country.
Jio's ₹749 postpaid plan offers Netflix, Amazon Prime, and JioHotstar
Reliance Jio has a postpaid recharge plan priced at ₹749.
'Invest more': Sunil Mittal urges Indian companies amid global uncertainty
Sunil Bharti Mittal, the chairman of Bharti Enterprises, has urged Indian companies to "double down" on investments and spending within the country.
India's real estate stocks tumble today: Here we decode why
Shares of major Bengaluru-based real estate firms have witnessed a slump today.
Copper defies US-Iran war impact, nears record high
Copper is on a record-high trajectory as traders overlook the US-Iran conflict and focus on supply-demand dynamics.
Gold, silver prices under pressure in India: What's the reason?
Gold and silver prices are witnessing a downward trend in India.
Tata Consumer shares jump 7%, highest level in 2 years
Shares of Tata Consumer Products, the Tetley tea maker, surged by as much as 6.6% today. This is the highest level for the stock in over two years.
HDFC Bank board mulls 90-day extension for interim chairman
HDFC Bank's board is considering a 90-day extension for Keki Mistry as its interim chairman, according to Moneycontrol.
How to invest in Indian government securities bonds
Investing in Indian government securities bonds can be a smart move for those seeking stable returns.
Bullet trains will eliminate short-duration flights, says Ashwini Vaishnaw
India's Railways Minister Ashwini Vaishnaw has warned airline investors that the country's new high-speed rail network will dominate short-haul routes.
EV stocks soar as Modi calls for fuel conservation
Shares of electric vehicle (EV) makers such as JBM Auto, Ola Electric Mobility, Ather Energy, and Olectra Greentech rose sharply today.
Why travel & tourism, aviation shares are seeing downturn today
Shares of major oil marketing companies (OMCs), airlines, and travel-related firms have plummeted today.
Jio's IPO in India will be a fully fresh issue
Reliance Industries Limited (RIL) is changing the listing structure of its telecom and digital venture, Jio Platforms.
Urban Company's shares fall 11% on dismal earnings report
Urban Company's shares plummeted by 11% today, marking its biggest single-day decline since listing in September 2025.
Alarmed by Modi's announcement, jewelry associations to meet PMO officials
Shares of jewelry companies such as Titan Company Ltd, Senco Gold, and Kalyan Jewellers fell by up to 11% today.
Indian rupee hits new low against US dollar
The Indian rupee has hit a new low, trading at ₹95.16 against the US dollar.
Liquor manufacturers seek price hike amid US-Iran war disruptions
India's liquor manufacturers are seeking a price hike, citing rising costs due to the ongoing West Asia conflict.
India's growth pegged at 7.2% for Q4 FY26
The Indian economy is expected to grow by 7.2% in the January-March quarter (Q4) of the fiscal year 2025-26 (FY26), according to a research report by the State Bank of India (SBI).
Why Swiggy's Instamart is facing a slowdown in growth
Swiggy's quick commerce business, Instamart, witnessed a slowdown in growth during the fourth quarter of FY26.
OpenAI employees sell shares worth up to $30M each
OpenAI allowed its employees, both current and former, to sell shares worth up to $30 million each in a recent secondary transaction.
After Modi's speech, Sensex down over 1,000 points today
The Indian stock market witnessed a major crash today, with the Sensex plummeting by 1.35% (1,044 points) to 76,275. Meanwhile, Nifty fell by 1.26% (305 points) to 23,872.90.
Armani plans to sell 15% stake to these 3 companies
The Italian fashion house of legendary designer Giorgio Armani is reportedly planning to sell its 15% stake in three equal parts.
Modi launches infrastructure, industrial projects worth ₹9,400cr in Telangana
Prime Minister Narendra Modi has launched infrastructure and industrial projects worth nearly ₹9,400 crore in Telangana.