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India exempts foreign investors from G-Sec taxes under 2026 ordinance
India has eliminated taxes on income and gains from government securities for foreign investors, making sovereign bond investments more attractive and globally competitive.
RBI opens 15, 30, 40-year government bonds to foreign investors
The Reserve Bank of India has included 15-year, 30-year, and 40-year government securities under the Fully Accessible Route, enhancing foreign investor access to long-term bonds.
RBI proposes 10% company, 24% aggregate limits for NRIs, OCBs
The Reserve Bank of India has raised equity investment limits for NRIs, OCIs, and PROIs, enhancing their access to Indian stock markets without SEBI registration.
RBI trims GDP forecast to 6.6% as oil prices surge
Rising crude oil prices and supply disruptions from the West Asia conflict have led the RBI to revise India's growth forecast downward and raise its inflation projection.
India's foreign exchange reserves $682.3 billion by May 29 2026
India's forex reserves stood at a robust $682.3 billion as of May 29, 2026, reflecting the RBI's strategic interventions to stabilize the rupee amid global uncertainties.
RBI raises 2026-27 inflation forecast to 5.1% at MPC meeting
The Reserve Bank of India, in its 2026 MPC meeting, raised the inflation projection to 5.1% for FY27, reflecting evolving economic conditions and global price pressures.
RBI holds repo rate at 5.25% and flags monsoon risks
The Reserve Bank of India (RBI) has kept the repo rate steady at 5.25%, citing global economic shocks and inflationary pressures from rising fuel prices as key considerations.
RBI pauses repo rate at 5.25% keeping home emis steady
The Reserve Bank of India maintained the repo rate at 5.25%, ensuring stability for home loan borrowers, with EMIs expected to remain unchanged in the near term.
Hindalco slips 1.45% to ₹1,109.30 on Friday amid selling pressure
Hindalco Industries' shares fell ₹16.30 or 1.45% to ₹1,109.30 in early Friday trade, with sell orders slightly outpacing buys at 52.05%.
Reserve Bank of India keeps repo, SDF, MSF rates unchanged
The Reserve Bank of India's Monetary Policy Committee unanimously decided to keep the policy repo rate unchanged at 5.25%, maintaining a neutral stance amid economic uncertainties.
Switch seeks billions for over $50B valuation, eyes 2027 IPO
Data centre developer Switch is reportedly in discussions to raise billions of dollars at a valuation exceeding $50 billion, potentially setting the stage for an IPO next year.
RBI Monetary Policy Committee with Governor Sanjay Malhotra weighs repo
The Reserve Bank, led by Governor Sanjay Malhotra, maintained the repo rate at 5.25%, reflecting caution amid inflation concerns and geopolitical uncertainties.
India to debut Sampoorn program to expand compressed biogas capacity
India plans to increase compressed biogas purchase prices and offer subsidies for new plants under the Sampoorn program, aiming to cut emissions and reduce fossil fuel dependency.
Goldman Sachs Bank Europe SE buys Billionbrains Garage Ventures stake
Friale Fund IV sold 1.13 crore Groww shares for Rs 210 crore in a block deal, with Goldman Sachs Bank Europe SE acquiring the stake at a slight discount.
Investors pull 52,000 BTC from ETFs, Bitcoin drops to $62,742
Bitcoin dropped 2.4% to $62,742 as ETF outflows persisted for 13 days, while rising volatility and weak institutional demand pressured the broader cryptocurrency market.
Cognition offers up to $10 million in credits if Devin underdelivers
Cognition offers up to $10 million in credits if its AI tool, Devin, fails to deliver productive engineering value, addressing rising concerns over high AI costs for companies.
Sensex gains as investors await RBI on rupee, energy concerns
Benchmark indices surged on Friday, with Sensex up 200 points and Nifty nearing 23,450, driven by strong buying in IT shares and anticipation of RBI's rate pause.
Sensex rises 150 points to 74,629.94, rupee strengthens to ₹95.66
The Nifty 50 climbed 0.27% to 23,478.95, while the Sensex gained 150 points to 74,629.94 as markets opened higher ahead of the RBI's monetary policy decision.
India may cut investment treaty dispute wait to 3 years
India is reviewing its bilateral investment treaty framework to attract foreign capital, potentially reducing arbitration waiting periods and adding safeguards.
India 10-year yield falls to 6.98% ahead of RBI review
Indian government bond yields fell slightly on June 5, with the 10-year yield at 6.9802%, as traders awaited the Reserve Bank of India's monetary policy announcement.
Invesco's Hiten Jain says IT stocks offer 4-5% FCF yields
Hiten Jain of Invesco Mutual Fund views AI disruption fears as exaggerated, emphasizing IT services' critical role in enabling enterprise technology adoption.
Airbnb CEO reportedly setting up AI lab for travel planning
Airbnb CEO Brian Chesky is launching a new AI lab to explore innovative, interactive experiences beyond traditional chatbots, reshaping how users engage with AI services.
GIFT City in India sees wave of senior banker departures
Senior banking executives are resigning from GIFT City roles amid rising competition for experienced financial-sector talent in India’s finance hub.
Bitcoin down 13% after 13-day ETF outflows and AI-semiconductor interest
Bitcoin faces a 13% weekly drop amid record ETF outflows, fading regulatory optimism, and investor shifts toward AI and semiconductor stocks.
Emergent in talks to raise $200 million at $1.5B valuation
Emergent, a Bengaluru and San Francisco-based AI startup, is in advanced talks to raise $200 million at a $1.5 billion valuation, with Creaegis, Amazon, and others participating.
South Korea's minister Kim Young-hoon urges AI profit sharing
South Korea's labour minister urged tech giants like Samsung to share excess AI-driven profits with suppliers and workers, aiming to address growing income inequality.
AWS CEO Matt Garman: AI changes jobs, not eliminates them
Amazon Web Services CEO Matt Garman dismissed claims that AI will cause mass unemployment, emphasizing instead that it will create new opportunities requiring adaptable skills.
Sterlite Technologies up over 530% as data center stocks surge
Indian industrial firms supplying data centers are thriving amid the global AI infrastructure boom, with stocks like Sterlite Technologies and HFCL surging due to rising demand.
Kevin O'Leary halves Utah Stratos AI campus after local pushback
Kevin O'Leary announced he will reduce the size of his Stratos Center in Utah by half after facing public and political opposition over environmental and regional concerns.
ChangXin Memory files $4B IPO as China tech stocks double
China's semiconductor sector is surging, driven by ChangXin Memory's $4-billion IPO and Huawei's breakthrough technology, as Beijing intensifies efforts toward tech self-reliance.
Oil prices steady as stalled U.S.-Iran talks complicate Hormuz transit
Oil prices remained steady Friday after sharp declines, as uncertainty loomed over U.S.-Iran peace talks amid escalating Middle East tensions and limited Strait of Hormuz traffic.
CBSE awards ₹38.46cr digital marking contract to Coempt Edu Teck
The CBSE’s on-screen marking (OSM) contract awarded to Coempt Edu Teck rose by ₹10 crore, despite the workload remaining unchanged, raising concerns over procurement transparency.
Sterlite Technologies leads India stock surge amid AI boom
Sterlite Technologies Ltd. has surged over 530% this year, driven by a $1.1 billion contract, highlighting India's industrial firms benefiting from AI infrastructure investments.
India's finance ministry warns West Asia conflict may delay recovery
The finance ministry warned that pre-conflict trade patterns might not resume until late 2026 or early 2027, citing elevated energy prices and supply-chain disruptions.
South Park Commons doubles down on India's deep tech startups
South Park Commons (SPC) is intensifying its focus on India's deeptech sector, targeting areas like semiconductors and robotics, with plans to allocate 50% of investments.
Hindustan Copper shares jump 120% as copper demand surges
India's growing AI and electrification sectors are driving a surge in copper demand, attracting investors to domestic copper-related companies despite supply constraints.
Government considers raising deposit insurance limit from 5L to 7.5L
The finance ministry has proposed raising deposit insurance cover from ₹5 lakh to ₹7.5 lakh, aiming to bolster depositor confidence amid concerns over co-operative bank stability.
House Ways and Means to unveil crypto tax rules Friday
The House Ways and Means Committee is finalizing bipartisan legislation to address cryptocurrency taxation, including mining, staking, and stablecoin transactions.
S&P Global profit rules block SpaceX's swift S&P 500 entry
Elon Musk's SpaceX faces a hurdle as S&P Global rules out swift inclusion in the S&P 500, citing profitability and other requirements despite its record-breaking IPO valuation.
India reaches 23% of 2026-27 asset sale goal with ₹18,454cr
India's government has achieved over 23% of its ₹80,000-crore asset-sale target for FY27, raising ₹18,454.42 crore through stake sales and land monetization initiatives.
US job openings 7.62 million in April, highest since May 2024
US job openings surged to 7.62 million in April, driven by a sharp rise in white-collar roles, signaling renewed demand for professional talent after a prolonged hiring slowdown.
Anthropic files IPO, Daniela Amodei says after $965 billion valuation
Anthropic co-founder Daniela Amodei remains optimistic about AI's potential despite concerns over corporate spending, as the company confidentially files for a public listing.
Microsoft tightens human rights safeguards after Unit 8200 cloud misuse
Microsoft announced stricter human rights controls after an inquiry revealed its cloud technology was used by Israel’s military for mass surveillance of Palestinians.
India and US work to wrap up trade deal
India and the US are advancing trade negotiations, focusing on non-tariff measures, customs facilitation, and economic security alignment to strengthen bilateral economic ties.
Piyush Goyal urges businesses to choose India for manufacturing
Union commerce minister Piyush Goyal urged industries to view India as a global manufacturing and innovation base, highlighting its role as the world's fastest-growing economy.
HDFC Bank to end agent sourcing of government deposits July
HDFC Bank has directed its agents to halt mobilising government funds, citing branch network expansion and strategic realignment effective July 1, 2026.
India's Ministry of Coal launches ₹37,500cr gasification scheme, applications open
The Coal Ministry has launched an RFP under a ₹37,500 crore scheme to promote coal gasification, targeting 100 million tonnes of gasified coal production by 2030.
Peanut butter found triggers Bazzini LLC recall of SkinnyDipped bites
SkinnyDipped Dark Chocolate Coconut Almond Bites were recalled nationwide after a consumer reported finding peanut butter products in packages, posing serious allergy risks.
Piyush Goyal says India to finalize 3 or 4 FTAs
India plans to implement 6–7 major FTAs by next year, with three already set to operationalize in the next six months, according to minister Piyush Goyal.
DPIIT leads 'Make in India 2.0' aiming at 100 products
India forms six working groups to identify 100 essential products for domestic manufacturing, aiming to reduce import dependence and boost self-reliance across key sectors.
Sam Altman-backed Helion raises $465 million to power Microsoft by 2028
Helion, backed by Sam Altman, raised $465 million in a Series G round, valuing the company at $15.5 billion as it races to build its first power plant for Microsoft.
Foreign law firms launch India desks abroad amid slow reforms
Foreign law firms are setting up India desks globally, leveraging cross-border business demand as uncertainty looms over India's legal sector liberalization.
Barclays survey of 410 investors finds AI aids credit traders
Artificial intelligence is enhancing research and analysis in global credit markets, but it’s not replacing human traders yet, according to a Barclays Plc survey of 410 investors.
'Dawood's assassination attempts, son's kidnapping': Lalit Modi on quitting cricket
Former Indian Premier League (IPL) commissioner and chairman, Lalit Modi, has revealed the reasons behind his exit from the sport.
Indian IT firms tap GCCs for AI deals
India's leading IT services companies, including Infosys, Cognizant, HCLTech and Hexaware Technologies are focusing on Global Capability Centers (GCC) to meet the growing demand for artificial intelligence (AI) solutions.
Rajesh Exports' ₹15 trillion discrepancy: Fraud or accounting error?
The Securities and Exchange Board of India (SEBI) has launched an investigation into Rajesh Exports, a leading gold exporter.
Carlsberg India takes step toward IPO with public company status
Carlsberg India is gearing up for a possible stock market listing.
SoftBank slides 11%, biggest drop in months
SoftBank Group Corp's shares have taken a major hit, falling over 11% on Thursday.
MS Dhoni-backed Kuku files for ₹3,500cr IPO
Kuku Technologies Ltd, which operates popular vernacular audio platform Kuku FM and short-video streaming app Kuku TV, has filed confidential draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
Why India may cut tax on foreign bond investors
The Indian government is considering removing or slashing the 20% withholding tax on interest income from government bonds for foreign investors.
Meta appoints former Epic Games executive to lead metaverse projects
Meta's Reality Labs, the division responsible for its metaverse products, has seen a major leadership change.
FIIs continue financial stock selloff, offload ₹23,141cr in May
Foreign institutional investors (FIIs) have continued their selling spree in Indian financial services stocks for the third consecutive month. In May, they offloaded shares worth ₹23,141 crore.
Why Trent shares suddenly dropped 33% today
Shares of Tata Group's retail venture, Trent Ltd., witnessed a steep decline of over 33% today. The drop came after the company's stock traded ex-bonus for its recently announced bonus issue.
Quick-commerce start-up FirstClub doubles valuation to $255M
FirstClub, a Bengaluru-based start-up, has raised $55 million in a Series B funding round led by Peak XV Partners and Sofina.
IKEA opens development center in India, its 4th globally
IKEA, the world's largest furniture and home products retailer, has opened a new product development center in India.
Uber lays off 23% of its HR workforce
Uber has announced a major restructuring in its People and Places division, resulting in a significant workforce reduction.
25% of Rajesh Exports is owned by LIC, foreign investors
The Life Insurance Corporation of India (LIC), the country's largest institutional investor and policyholder trust, owns some 10.8% of Rajesh Exports.
Rajesh Exports shares crash after SEBI flags ₹15L crore discrepancy
Rajesh Exports Ltd's shares have hit a lower circuit at ₹103.92 (down 5%) after the Securities and Exchange Board of India (SEBI) barred the company and its promoter Rajesh Mehta from the securities market.
Alphabet's $85B stock sale highlights relentless investor demand for AI
Google's parent company, Alphabet, has raised a whopping $45 billion through an oversubscribed stock sale, with another $40 billion planned for next quarter.
India plans tax relief for foreign investors to boost inflows
The Indian government is planning to waive capital gains tax for foreign portfolio investors (FPIs) investing in government securities.
GitLab cuts 14% of workforce as focus shifts to AI
GitLab, a leading web-based software development platform, has announced the layoff of some 14% of its workforce.
IndiGo has suspended flights to Kuwait
India's largest low-cost carrier, IndiGo, has announced the suspension of its flight operations to and from Kuwait. The decision comes in light of the ongoing closure of Kuwait's airspace.
Over 300,000 TCS, Infosys, Wipro employees using Microsoft 365 Copilot
India's top three IT services companies: Tata Consultancy Services (TCS), Infosys, and Wipro have adopted Microsoft 365 Copilot for over 100,000 employees each.
These 2 firms now hold majority stake in Rapido
Rapido, a leading Indian ride-hailing platform, has raised $240 million in a funding round led by Prosus.
Amazon tops Fortune 500, ending Walmart's 13-year reign
Amazon has dethroned Walmart to become the number one company on the Fortune 500 list, ending a 13-year reign for the retail giant.
Man behind TikTok surpasses Mukesh Ambani as Asia's 2nd-richest person
Zhang Yiming, the co-founder of ByteDance, has surpassed Mukesh Ambani to become Asia's second-richest person.
Modi government readies $4B stimulus to boost economy
The Union Cabinet has approved a ₹39,290 crore ($4 billion) package of projects and initiatives aimed at stabilizing aviation fuel prices, reforming urban transport, and developing national highway infrastructure.
Modi government approves ₹10,000cr fund to stabilize jet fuel prices
The Indian government has approved a ₹10,000 crore Aviation Turbine Fuel (ATF) Price Stabilization Fund.
Apple to submit its Indian financials to competition watchdog
Apple has agreed to submit the financials of its Indian operations to the Competition Commission of India (CCI).
This 'next trillion-dollar company' has significant ties to India
NVIDIA CEO Jensen Huang has dubbed Marvell Technology the "next trillion-dollar company," highlighting its pivotal role in powering AI data center infrastructure.
Could US-Iran war trigger a global recession?
The Organisation for Economic Co-operation and Development (OECD) has warned that a prolonged conflict in the Middle East could severely impact global economic growth.
India's services sector grows at fastest pace in 6 months
India's services sector has witnessed its fastest growth in six months, largely due to a surge in domestic demand. The growth was particularly strong in e-commerce, entertainment, and IT industries.
Sensex crashes over 1,150 points: What's behind today's fall?
India's equity benchmarks witnessed a sharp decline on Wednesday, with the BSE Sensex crashing over 1,150 points and the Nifty 50 index plummeting by more than 300 points in intraday trade.
Indus Appstore's co-founder Akash Dongre has quit
Akash Dongre, the Chief Product Officer and Co-founder of Indus Appstore, has announced his resignation from the PhonePe-owned mobile app marketplace.
DeepSeek plans to raise $7.4B in maiden funding round
Chinese artificial intelligence (AI) start-up DeepSeek is gearing up for its first major fundraising round, hoping to raise around CNY 50 billion ($7.4 billion).
Gold now world's top reserve asset, surpassing US Treasuries
Gold has surpassed US Treasuries to become the world's top reserve asset, a European Central Bank (ECB) report has revealed.
RBI's MPC meeting begins today: What to expect
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting starts today.
Bitcoin crashes over 7% to nearly $66,000
The world's leading cryptocurrency, Bitcoin, has witnessed a significant drop in its value.
Did RBI sell gold to protect India's forex reserves?
The Reserve Bank of India (RBI) may have sold a portion of its gold reserves to protect its foreign-currency assets from the impact of the ongoing US-Iran conflict in West Asia.
US proposes 12.5% tariffs on imports from India
The United States has proposed an additional tariff of 12.5% on imports from India and 53 other countries, in a move linked to forced labor practices in production.
SpaceX sets $135 per share target for record IPO
SpaceX, the rocket and satellite communications company, is gearing up for a historic initial public offering (IPO).
Do airlines using Adani airports have to pay higher fees?
The Adani Group and the Airports Economic Regulatory Authority of India (AERA) are embroiled in a legal dispute over airport charges.
Why JLR is taking loans worth £2B
Jaguar Land Rover (JLR), the British luxury car division of Tata Motors, is raising £2 billion through a five-year loan from several multinational banks.
Why SpaceX's IPO filing says water access is a risk
SpaceX has updated its initial public offering (IPO) filing to highlight water access as a major challenge.
Section 301 explained: The US trade law worrying India
As the US and India inch closer to a trade deal, New Delhi has sought protection from possible tariffs under Section 301 of the US Trade Act.
AI creates 13 new jobs at this software company
While many tech companies are letting employees go, a Silicon Valley software firm is doing the opposite.
How Producer Price Index will help measure India's inflation
India is set to launch its first-ever Producer Price Index (PPI) to measure inflation.
Mother Dairy will soon sell milk in naturally degradable pouches
Mother Dairy, a leading milk supplier in India, has launched the country's first naturally degradable milk pouch.
Infosys shares up 6% after rolling out AI-backed journalism tool
Infosys's shares rose by over 6% today, following the company's announcement of an artificial intelligence (AI)-powered editorial recommendation engine.
Zomato, Swiggy, Amazon, Meesho and Zepto form new industry body
India's leading e-commerce companies have formed a new industry-led platform called the Digital Commerce Coalition.
Amid AI boom, Jensen Huang warns not to underpay employees
NVIDIA CEO Jensen Huang has weighed in on the ongoing debate over fair employee compensation amid the AI boom.
Delhi start-up seeks pay cuts from staff after ₹2cr error
A Delhi-based tech company has come under fire for asking its employees to bear the brunt of a ₹2 crore loss caused by a single employee's mistake.