Business News
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Indian rupee falls to 93.13 against dollar on U.S.-Iran worries
The Indian rupee experienced its largest one-day drop in a week due to escalating tensions between the US and Iran, causing investor uncertainty.
Bharti Airtel's 1.5GB data/day plan now costlier: Check new rate
Airtel has quietly increased the price of its popular 1.5GB daily data plan for prepaid users.
Meesho approved almost 95L ESOP share allocation for employees
E-commerce firm Meesho has granted approximately 94.8 lakh equity shares to eligible employees under its Employee Stock Ownership Plan (ESOP).
Tech layoffs hit 73,000 in 2026; Meta plans 8,000 cuts
The tech industry is witnessing a major wave of layoffs in 2026, with more than 73,000 jobs cut in just three months.
Sterlite Technologies launches Neuralis suite at Data Center World 2026
Sterlite Technologies Ltd (STL) has introduced its AI-led data centre connectivity suite, 'Neuralis', in the United States through its subsidiary STL Optical Connectivity NA, LLC.
India and South Korea agree to double trade to $50B
India and South Korea are aiming to double their bilateral trade to $50 billion by 2030, following recent discussions in New Delhi.
Trump's Fed pick Kevin Warsh faces Senate Banking Committee
Former Federal Reserve Governor, Kevin Warsh, is set to face a crucial Senate hearing on his monetary policy and economic ideas as the nominee for Fed chief.
OpenAI loses Bill Peebles and Kevin Weil amid science decentralization
OpenAI's Head of Sora, Bill Peebles, and CTO of B2B Applications, Srinivas Narayanan, have announced their departure as the company intensifies its focus on enterprise products.
Adani Power overtakes Adani Ports with ₹3.99L/cr market cap
Adani Power Limited's shares surged 5%, reaching a new 52-week high and making it the most valuable Adani Group firm with a market cap of Rs 3.99 lakh crore.
India's power-transmission sector eyes ₹9L crore capex boom by 2032
India's transmission and distribution (T&D) sector is gearing up for a major growth phase, with an estimated capital expenditure of around ₹9 lakh crore by 2032.
European stocks slide as U.S.-Iran seized ship tensions threaten cease-fire
European shares fell on Monday due to concerns over a potential collapse of the U.S.-Iran ceasefire, impacting major regional markets.
Elon Musk and Sam Altman face court over OpenAI mission
Elon Musk's lawsuit against OpenAI CEO Sam Altman, alleging a betrayal of the company's non-profit mission, marks a high-stakes feud in the AI industry.
MCX secures SEBI approval for 100cr coal exchange in India
The Securities and Exchange Board of India (SEBI) has approved Multi Commodity Exchange's (MCX) proposal to invest in a new coal exchange subsidiary.
Bitcoin near $74,500 after $78,000 peak as investors remain upbeat
Bitcoin trades near $74,500 after reaching a 10-week high of $78,000, as geopolitical tensions around the Strait of Hormuz impact market sentiment.
Legal scrutiny for Tata Trusts over perpetual trustee appointments
Tata Trusts is under scrutiny over its ongoing trustee appointments.
BHEL shares rise up to 5.5% on ₹32,250cr FY26 revenue
Bharat Heavy Electricals Limited (BHEL) shares rose by 5.5% on April 20, following an announcement of an 18% revenue increase in FY26.
India and US restart Washington talks on 'phase 1' deal
A high-powered Indian delegation is in Washington for a new round of trade negotiations with the US, focusing on a proposed bilateral trade agreement.
Groww's Q4 profit jumps 122% to ₹686cr; revenue up 87%
Billionbrains Garage Ventures, the parent company of Groww, has reported a massive 122% year-on-year jump in its consolidated net profit for the March-ended quarter.
Billionbrains posts ₹4,645 cr revenue and ₹2,083 cr PAT FY26
Billionbrains Garage Ventures Limited, the parent company of Groww, witnessed a 14% YoY increase in its Profit After Tax (PAT), reaching Rs 2,083 crore in FY26.
Swiggy moves headquarters from Bellandur to Whitefield Bengaluru easing commutes
Swiggy has relocated its corporate headquarters from Bellandur to Whitefield in Bengaluru. The move was driven by better metro connectivity and affordable housing.
Razorpay set for confidential IPO filing at $5B valuation
Razorpay, a leading fintech unicorn, is gearing up to confidentially file for an initial public offering (IPO) in the coming weeks, according to The Economic Times.
India set for ₹9tn T and D investment by 2032
India's transmission and distribution sector is expected to see a capital expenditure of INR 9 trillion by 2032, according to a Motilal Oswal Financial Services report.
S&P Global says AI is reshaping jobs in India
The increasing demand for AI-ready datasets will significantly reshape the job landscape in India, according to an executive from S&P Global.
Groww Q4 FY26 net profit up 122% to ₹686 cr
Groww, a leading stock broking platform, reported a 122% year-on-year increase in Q4 net profit to Rs 686 crore. Concurrently, the company's total income rose by 81%.
Don't have PAN, taxable-income? File this form before going abroad
If you're a person domiciled in India planning to travel abroad and don't have a PAN or taxable income, you must file 'Form 157' with the Income Tax department.
Are Modi government's data center incentives harming local cloud players?
India's recent tax incentives for global data center investments are showing early signs of demand.
You cannot exchange old ₹500 and ₹1,000 notes anymore
The Reserve Bank of India (RBI) has not issued any new guidelines for exchanging old ₹500 and ₹1,000 currency notes.
Lenskart shares drop nearly 5% after leaked religious symbol ban
Lenskart Solutions' shares fell nearly 5% following online criticism over its alleged restrictions on religious symbols in its dress code.
Nifty breaks 24,300 resistance, gains 125 and Sensex rises 419
The Indian stock market saw significant gains on Monday, with the NSE Nifty 50 breaking past the 24,400 resistance level amidst mixed global cues.
India holds Bhubaneswar ceremony for 1st 3D chip packaging plant
India's first advanced 3D chip packaging unit, a significant step in advanced chip technology, is being closely monitored by the government.
India approves 3 Russian marine insurers, bringing total to 11
India has increased the number of Russian insurers authorized to provide marine cover for ships docking at its ports, expanding the pool from eight to eleven.
Trent Limited shares up 4% before April 22 board meeting
Trent Limited's shares rose by 4% in anticipation of a board meeting on April 22, where a bonus issue, dividend and fundraising plans will be discussed.
Buyback tax treated as capital gains from April 1, 2026
The new income tax rules from 1st April 2026 will shift the taxation model for share buybacks from dividend-based to capital gains.
Trump tariff refunds kick off: Who qualifies?
The US government is initiating a major tariff refund process, following a Supreme Court ruling that invalidated duties imposed by President Donald Trump.
Adani Power hits all-time high on nuclear energy push
Shares of Adani Power surged over 3% to an all-time high of ₹205.35 today. The spike comes after its subsidiary, Adani Atomic Energy, incorporated Coastal-Maha Atomic Energy (CMAEL).
India's tax breaks draw $70 billion into data centers
India's recent tax incentives for data centres are driving global interest and investment, but domestic cloud companies claim the policy lacks similar support for their sector.
Digital gold via UPI hits record transactions in March
Digital gold purchases through Unified Payments Interface (UPI) have witnessed a massive surge in March 2026.
Sensex rebounds 650 points as markets shrug off US-Iran tensions
The Indian stock market has witnessed a significant recovery today, with the Sensex and Nifty trading in the green.
Japan's auto sector hit by aluminium shortage amid US-Iran war
Japan's auto industry is facing a major crisis as supply cuts from the Middle East have triggered an aluminium shortage.
Carolyn Dawson says India rising in AI and semiconductor design
Founders Forum CEO Carolyn Dawson predicts that artificial intelligence and semiconductor design will fuel India's next wave of global innovation and trade leadership.
Wheat prices jump 5% amid US drought, Iran-linked fertilizer shortages
Wheat prices are experiencing a significant increase due to weather-related issues and fertilizer shortages linked to the Iran war.
Iran conflict lifts Thai rice 10% to $423 per ton
Rice prices in Asia have surged due to concerns over supply, following a rise in fuel and fertilizer costs triggered by the Iran war.
ICICI Bank shares surge on strong March quarter results
ICICI Bank's shares rose by 1.6% to ₹1,368 in early trade today, following the bank's March quarter earnings that surpassed market expectations.
Adani Power shares hit 52-week high on nuclear subsidiary news
Adani Power's shares reached a new 52-week high, increasing over 3%, following the company's announcement of its subsidiary's expansion into nuclear energy.
Sensex and Nifty climb as investors eye U.S.-Iran ceasefire deadline
The Sensex and Nifty rebounded from their day's lows due to the upcoming US-Iran ceasefire deadline, FII buying, and technical support.
Gold, silver drop in India as US dollar strengthens
Gold prices in India fell below ₹1.53 lakh per 10 grams, while silver experienced a steeper drop of over ₹4,500 per kilogram on April 20.
Emerging market stocks hit highest since US Israel Iran conflict
Emerging-market equities have rebounded past pre-war levels, driven by optimism around artificial intelligence. However, emerging-market currencies continue to weaken.
HDFC Bank shares fall over 1% despite strong Q4 results
HDFC Bank's shares fell over 1% to ₹790 in early trade today, following the lender's March quarter results.
US lets importers and customs brokers seek $166B tariff refunds
The US government is set to initiate the largest tariff refund process in history, following a Supreme Court ruling against duties imposed by former President Donald Trump.
Poonawalla Fincorp launches mood-aware AI for 80% voice and chat
Poonawalla Fincorp has launched a conversational AI platform designed to autonomously handle 80% of customer interactions.
India kicks off crucial trade talks with US
India is gearing up for a series of crucial trade discussions in the coming weeks.
Drivn raises $140 million, signs up about 300 busses and trucks
Gurugram-based startup Drivn has amassed a $140 million capital pool, targeting India's heavy commercial EV segment with a focus on electric buses and trucks.
HDFC Bank shares slip after ₹19,221 cr March quarter profit
HDFC Bank's shares dropped over 1% following its Q4 results, despite a rise in net profit, indicating investor expectations for stronger growth.
US-based 3D Glass Solutions begins India's 1st 3D semiconductor plant
Odisha's upcoming 3D semiconductor chip plant has secured bookings even before construction begins, indicating strong early demand in the challenging sector.
China holds rates steady as it balances growth and risks
China has maintained its benchmark lending rates for the 11th consecutive month, a decision that comes as the country grapples with rising geopolitical tensions in West Asia.
Gold, silver prices fall sharply amid US-Iran conflict escalation
Gold and silver prices have witnessed a sharp decline of up to 2.5% today.
China's AI shift: MiniMax and Zhipu reach valuations above $40B
China's low-cost artificial intelligence models are attracting global users, creating new victors in the nation's stock market due to a rising demand for "tokens".
Oil prices jump over 6% as Iran-US tensions escalate
Oil prices witnessed a major jump of over 6% on Monday, following a sharp decline of over 9% in the previous session.
Rupee gains to 92.83 after West Asia ceasefire, RBI aid
The Indian rupee marginally strengthened against the US dollar on April 20, but persistent global oil price volatility may limit further appreciation.
Japan's Nikkei 225 nears record on artificial intelligence optimism Monday
Japan's Nikkei index surged Monday, nearing a historic peak, driven by optimism in the AI sector and strong US indices, despite Middle East tensions.
Polymarket seeks $400 million, targets $15B valuation after ICE $600 million investment
Polymarket, a prediction markets platform, is reportedly in discussions to raise $400 million in funding at a $15 billion valuation.
Jio Financial reports profit drop as revenue doubles in Q4
Jio Financial Services' shares are under scrutiny as the company reports a 14% YoY drop in Q4 profit, despite a 106% surge in revenue.
India government bond yields likely dip amid US Iran tensions
Indian government bonds are predicted to start the week lower due to rising oil prices and ongoing US-Iran uncertainties.
Adani Atomic Energy launches Coastal-Maha Atomic Energy Ltd. with ₹5L
Adani Power Ltd has established a new subsidiary, Coastal-Maha Atomic Energy Ltd (CMAEL), to advance its nuclear energy ambitions.
HDFC Bank Q4 PAT up 9% 47 analysts remain Buy
All 47 analysts tracking HDFC Bank now recommend a 'Buy' following the bank's steady Q4 performance, despite some ongoing challenges.
Bengaluru draws Anthropic, OpenAI and Mistral as AI hub
Major tech companies like Anthropic and OpenAI are setting up offices in Bengaluru, driving demand in the commercial real estate market.
Akshaya Tritiya gold surge shifts buyers to coins, investment purchases
High gold prices led to a subdued demand during Akshaya Tritiya, while silver saw steady growth. Consumers shifted towards lightweight and investment-led purchases.
South Korea's Kospi rises above 6,200 amid near 50% gain
South Korean stocks have rebounded from the Iran war-induced slump, driven by a surge in chipmakers amid rising US-Iran tensions and renewed interest in artificial intelligence.
Donald Trump confirms US seized Iranian cargo ship, oil jumps
Oil prices jumped over 6% on Monday, nearing $100 per barrel, as tensions escalated around the Strait of Hormuz despite ceasefire hopes.
Aurobindo Pharma receives US FDA approval for 2 generics
Aurobindo Pharma's shares are set to be in the spotlight following USFDA approval for its cough syrup product, Dextromethorphan Polistirex.
Gold and silver fall after Strait of Hormuz ship attacks
Gold and silver prices fell up to 2.5% today due to escalating tensions between the US and Iran, casting uncertainty over the future of these precious metals.
Gold slides over 1% to $4,762.09 amid stronger US dollar
Gold prices fell over 1% due to a strengthening US dollar, while rising oil prices, fueled by escalating US-Iran tensions, stoked inflation fears.
India begins busy trade negotiations with 5 partners in April
India is preparing for a series of significant trade discussions, including in-person talks with the US and signing a free trade agreement with New Zealand.
Asian markets steady as oil spikes amid Iran tensions
Asian shares remained stable on Monday, while oil prices surged due to escalating US-Iran tensions and the closure of the Strait of Hormuz.
US seizure prompts Iran to tighten Hormuz access, rattling markets
Oil prices soared and global markets fluctuated as escalating tensions in the Strait of Hormuz disrupted Gulf shipping, fueling concerns over potential supply shortages.
Razorpay to file IPO raising $600 million-$700 million, valuation cut to $5B-$6B
Fintech unicorn Razorpay is preparing to confidentially file for an IPO, aiming to raise between $600 million and $700 million at a valuation of $5-6 billion.
Canva shifts AI-first, targets India Brazil ahead of Nasdaq IPO
Canva is focusing on India and Brazil to drive its transition to an AI-native platform, with India ranking second in AI usage for the design software company.
MakeMyTrip considers IDRs to address Mauritius tax issues after redBus
MakeMyTrip, a Nasdaq-listed travel company, is contemplating listing its Indian arm via Indian Depository Receipts (IDRs) to manage potential tax obligations.
Senior Indian IT leaders launch AI startups offering affordable services
Senior Indian IT executives are leveraging their expertise and networks to launch AI startups, filling niche market demands and attracting venture capital.
US dollar rises after President Trump seizes Iranian ship
The dollar rose to its highest level in a week as renewed Middle East tensions prompted investors to seek safe havens, reversing a recent selloff.
Harish Chidambaran and Farhan Naqvi arrested over $421 million revenue claim
Two Indian-origin men have been charged for defrauding investors through false revenue figures and fake contracts at their Maryland-based technology company, iLearning.
India's AEC approves FDI policy to invite foreign investment
India's Atomic Energy Commission has approved a new foreign direct investment policy, moving the country closer to opening its nuclear power sector to foreign investors.
Air India commits $400 million to upgrade cabins and lounges
Air India is enhancing its passenger experience with upgraded cabins, new aircraft, and exclusive airport lounges in a bid to attract premium travelers and increase revenue.
India Labor Ministry mulls multi-manager social security for gig workers
India's labour ministry is exploring a multi-manager framework for its new social security scheme aimed at gig and platform workers.
Stephanie Elam leaves CNN after more than 2 decades
Stephanie Elam, a seasoned CNN correspondent, has announced her departure from the network after over two decades of service. Her next move remains undisclosed.
Air India to retrofit 7 more legacy Dreamliners this year
Air India is gearing up to retrofit seven more of its legacy Boeing 787-8 aircraft this year.
Why India's beer industry is facing a crisis
The Indian beer industry is facing a major crisis due to the ongoing war, which has led to increased input costs and supply shortages.
Vedanta power plant blast: Death toll rises to 24
The death toll from the April 14 explosion at the Vedanta power plant in Chhattisgarh's Sakti district has now risen to 24.
Modi government is considering 100% FDI in pension sector
The Indian government is considering a major change in the foreign direct investment (FDI) policy for the pension sector.
Lenskart issues apology, releases new 'in-store style guide' after backlash
Eyewear retailer Lenskart has issued a public apology and released a revised "In-Store Style Guide" after facing online backlash over an alleged grooming policy.
Adani airport-cities in Navi Mumbai, Guwahati, Ahmedabad on the way
Adani Enterprises Ltd (AEL) has announced the incorporation of three wholly-owned subsidiaries under its step-down unit, Adani Airport City Ltd.
India to grow at 6.8-7.1% in FY27: SBI Research
India's economy is expected to grow by 6.8%-7.1% in FY27, despite the ongoing oil shock and West Asia conflict, a recent report by SBI Research has revealed.
Market cap of India's top 8 companies up ₹1.87L crore
The market capitalization of eight out of the top 10 most valuable companies in India rose by a whopping ₹1.87 lakh crore last week.
India's LPG consumption down 13% in March: What's the reason?
India's liquefied petroleum gas (LPG) consumption witnessed a sharp decline of 13% in March, owing to supply disruptions caused by the ongoing West Asia conflict.
Digital insurance company Acko fires 5% of its workforce
Digital insurance company Acko has laid off around 60 employees, or about 5% of its workforce.
Akshaya Tritiya 2026: Check gold, silver prices in your city
Gold prices in India's retail market remained largely unchanged today. The day marks Akshaya Tritiya, a festival traditionally considered auspicious for buying gold and silver.
NVIDIA-rival Cerebras files for an IPO in the US
Cerebras Systems, a leading player in the AI chip industry and competitor to NVIDIA, has filed for an initial public offering (IPO) in the US.
Maritime insurance scheme approved to protect India's shipping, trade
The Indian government has approved the establishment of a new maritime insurance scheme, the Bharat Maritime Insurance Pool (BMI Pool).
FPIs invest almost ₹4,800cr in Indian equities this week
Foreign portfolio investors (FPIs) have made a strong comeback in Indian equities, investing ₹4,794 crore in the week ending yesterday.
HDFC Bank posts ₹19,221cr net profit for March quarter
HDFC Bank, India's leading private lender, has reported a net profit of ₹19,221 crore for the March quarter.
ICICI Bank's Q4 net profit jumps 8.5% YoY to ₹13,701.68cr
ICICI Bank has reported an 8.5% year-on-year (YoY) increase in its standalone profit for the fourth quarter of FY26.
YES Bank's Q4 results: Net profit jumps 45% to ₹1,068.4cr
YES Bank has reported a stellar performance in its fourth quarter (Q4) results.
Bitcoin touches 2-month high of almost $78,000: What's the reason?
Bitcoin has reached a two-month high of nearly $78,000, thanks to easing geopolitical tensions and renewed investor confidence.
How Modi government plans to speed up India's exports
The Ministry of Commerce and Industry has reformed the norms committees under the Directorate General of Foreign Trade (DGFT).
Dearness allowance for central government employees hiked by 2%
The Indian government has approved a 2% hike in the Dearness Allowance (DA) for its employees.
Meta might lay off 8,000 employees on May 20
Meta, the parent company of Facebook and Instagram, is gearing up for a major round of layoffs.