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Business News

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29 Jun 2026
TL;DR

RBI reports India external debt $762.8bn, up $26.3bn, debt-to-GDP 20.8%

India's external debt rose to $762.8 billion by March 2026, with the debt-to-GDP ratio increasing to 20.8%, reflecting a $26.3 billion annual rise, RBI data revealed.

29 Jun 2026
TL;DR

Rocket Lab to acquire Iridium Communications in $8B deal

Rocket Lab has announced an $8 billion acquisition of Iridium Communications, integrating satellite networks with its launch services to accelerate growth beyond rocket launches.

29 Jun 2026
TL;DR

Pocket raises $11 million from Accel and others for AI puck

Pocket, a Y Combinator-backed startup, secured $11 million in funding to expand its $129 AI-powered meeting recording and transcription puck, which has sold over 130,000 units.

29 Jun 2026
TL;DR

BSE takes over international market data licensing January 1, 2027

BSE Ltd will directly manage international licensing for its market data products starting January 1, 2027, taking over from Deutsche Börse AG.

29 Jun 2026
TL;DR

India ends commercial fuel sales curbs starting July 1

India has ended emergency restrictions on petrol and diesel sales to commercial buyers from July 1, restoring unrestricted access as global energy trade stabilizes.

29 Jun 2026
TL;DR

India gold rebounds to ₹146,600 as silver slips to ₹224,000/kg

Gold prices surged ₹1,300 to ₹1.46 lakh per 10 grams after a three-day decline, while silver dropped ₹2,000 to ₹2.24 lakh per kilogram amid global market weakness.

29 Jun 2026
TL;DR

Puneet Sharma exits Axis CFO role, likely joins HDFC Bank

Puneet Sharma, former CFO of Axis Bank, is a leading contender for the CFO role at HDFC Bank, marking a significant HR decision under MD & CEO Sashi Jagdishan.

29 Jun 2026
TL;DR

NABARD finds 1 in 4 rural households understand credit scores

A Nabard survey reveals that just 25% of rural households understand credit scores, highlighting a significant financial literacy gap despite efforts to boost formal credit access.

29 Jun 2026
TL;DR

US companies raise record $251 billion in IPOs, share sales

US IPOs and share sales hit a record $251 billion by mid-2026, driven by SpaceX's $86.2 billion IPO and Wall Street's enthusiasm for AI infrastructure investments.

29 Jun 2026
TL;DR

Coimbatore-based LMW leverages AI and digitization to boost textile machinery

Coimbatore-based LMW Ltd is leveraging AI and enterprise-wide digitisation to overcome textile machinery challenges, streamline operations, and drive growth across diverse sectors.

29 Jun 2026
TL;DR

Consumer Affairs introduces improvement notice allowing 1st-time fixes before fines

The government has introduced an "Improvement Notice" mechanism under the Legal Metrology Act, allowing businesses to rectify first-time procedural violations before penalties.

29 Jun 2026
TL;DR

Microsoft shares plunge 17% in June amid AI spending concerns

Microsoft shares are down 17% in June, erasing over $570 billion in market value, as investors question the profitability of its aggressive AI spending and future growth prospects.

29 Jun 2026
TL;DR

Survey finds Indian startups most stressed about data governance rules

A survey reveals that 44% of Indian startups view data governance as their primary regulatory challenge, far surpassing concerns about AI regulations, which were cited by only 23%.

29 Jun 2026
TL;DR

Oxford Economics: digital rules could cut India's VC by ₹91,500cr

Stricter digital regulations in India could cost startups Rs 91,500 crore annually in venture capital and lead to 2.45 lakh fewer jobs by 2035, warns an Oxford Economics report.

29 Jun 2026
TL;DR

India becomes global data center destination amid US Europe shortages

India is attracting significant data centre investments as traditional hubs in the US and Europe face capacity constraints, driven by AI demand and infrastructure challenges.

29 Jun 2026
TL;DR

Genpact aims to make workforce AI-ready by 2027, Piyush Mehta

Genpact aims to achieve a fully AI-ready workforce by 2027, with managers playing a pivotal role in embedding AI into daily work and driving organizational change effectively.

29 Jun 2026
TL;DR

SpaceX plans summer IPO possibly raising $75B at near-$2T valuation

SpaceX's $2trn valuation reshaped markets, inspiring OpenAI and Anthropic to follow suit. Their public listings signal a new era of AI-driven industrial and cosmic innovation.

29 Jun 2026
TL;DR

Tech Mahindra adopts Perplexity Enterprise Pro to speed sales insights

Tech Mahindra teams up with Perplexity to integrate AI-powered insights into its sales operations, enhancing customer engagement, decision-making, and overall sales effectiveness.

29 Jun 2026
TL;DR

EU adds €3 customs charge for imports under €150

The European Commission introduces a €3 customs charge on parcels under €150 to curb cheap Chinese imports, aiming to protect local retailers and ensure product compliance.

29 Jun 2026
TL;DR

India to launch ₹5,000cr national strategy for sustainable secondary steel

The Centre is set to launch a Rs 5,000 crore scheme within three months to promote cleaner technologies in the steel sector, aiming to reduce carbon emissions significantly.

29 Jun 2026
TL;DR

Tsenta founders raise ₹5cr from Y Combinator for AI platform

Two young Indian entrepreneurs, Agnay Srivastava and Pulkit Gupta, have raised Rs 5 crore from Y Combinator for Tsenta, an AI startup automating the job application process.

29 Jun 2026
TL;DR

Comcast to spin off NBCUniversal and Sky amid streaming competition

Comcast will separate its broadband business from NBCUniversal and Sky, creating two publicly traded companies as streaming competition reshapes the U.S. media landscape.

29 Jun 2026
Samsung

South Korea bets $576B on chips, AI to boost economy

South Korea has announced a massive industrial strategy focused on semiconductors and artificial intelligence (AI).

29 Jun 2026
App Store

Apple accuses CCI of 'copy-pasting' rivals' claims in antitrust case

Apple has accused India's antitrust investigators of "copy-pasting" claims from its competitors and not conducting a thorough investigation, regulatory papers reviewed by Reuters reveal.

29 Jun 2026
TL;DR

Rupee falls to 94.54 against US dollar amid U.S.-Iran clashes

The rupee declined by 9 paise to close at 94.54 against the US dollar on Monday, as geopolitical tensions and a strong dollar weighed on investor sentiment.

29 Jun 2026
TL;DR

India's industrial output rose 5.1% in May after index update

India's industrial production rose 5.1% year-on-year in May 2026, driven by robust manufacturing and electricity growth, as per the revised IIP series with a 2022-23 base year.

29 Jun 2026
TL;DR

IFSC to introduce 1 KYC at GIFT IFSC for investors

IFSCA is introducing a unified ‘One KYC’ framework in GIFT IFSC, enabling clients to complete KYC once and access multiple financial services seamlessly across the financial hub.

29 Jun 2026
TL;DR

Indian markets snap 2-day rally as Sensex falls 372 points

The stock market ended lower on Monday as heavyweight stocks and banking shares dragged indices down, with the Sensex dropping 372 points and Nifty slipping below the 23,950 mark.

29 Jun 2026
TL;DR

SpaceFields plans solid rocket fuel plant in Anantapur by 2028

SpaceFields Pvt. Ltd. will set up a Solid Propellant Processing Facility in Anantapur, Andhra Pradesh, aiming for commercial production by July 2028.

29 Jun 2026
TL;DR

Maruti Suzuki partners with 5 startups in NSRCEL innovation batch

Maruti Suzuki's latest startup collaborations highlight its dual focus on leveraging AI for operational efficiency and addressing EV battery lifecycle sustainability challenges.

29 Jun 2026
Narendra Modi

India, Seychelles sign major deal to boost bilateral ties

India and Seychelles have signed a major agreement to strengthen their bilateral ties.

29 Jun 2026
TL;DR

Apple calls CCI report 'copy-pasting,' cites under 6% market share

Apple has alleged that Indian antitrust investigators copied rivals' claims without independent analysis, escalating its defense against accusations of anti-competitive practices.

29 Jun 2026
TL;DR

Moody's keeps India at Baa3 and calls energy shocks manageable

Moody's affirms India's Baa3 investment-grade rating with a stable outlook, citing resilience to fiscal deficit pressures despite high energy prices and debt costs.

29 Jun 2026
TL;DR

Essar names Muthukumaran Doraiswami new group CFO via networking site

Essar has appointed Muthukumaran Doraiswami, ex-CFO of Adani Ports, as its group chief financial officer. He brings over 30 years of expertise in finance and strategy.

29 Jun 2026
TL;DR

Moneycontrol hosts Mutual Fund Summit June 30 to widen access

India's mutual fund industry aims to bridge its reach gap as experts and regulators discuss innovation, accessibility, and sustainable growth at the 2026 summit.

29 Jun 2026
TL;DR

Amazon, Alphabet raise $60 billion with record bonds for AI

Amazon and Alphabet are driving record bond sales globally, issuing $60 billion in multi-currency bonds as AI-related spending on data centers and cloud infrastructure surges.

29 Jun 2026
TL;DR

Sensex down over 300 points as Nifty slips below 24,000

Benchmark indices ended lower as Nifty slipped below 24,000, while metals outperformed amid broad-based selling. India VIX surged 5%, signaling heightened market volatility.

29 Jun 2026
TL;DR

JioBlackRock launches Prism Hybrid Long-Short Fund with active risk management

JioBlackRock Mutual Fund introduces its first Specialized Investment Fund, Prism Hybrid Long-Short Fund, blending equity, debt, and alternatives for dynamic market strategies.

29 Jun 2026
TL;DR

Bajaj Auto announces ₹5,632.8cr buyback at ₹12,000 per share

Bajaj Auto will commence its Rs 5,632.8 crore share buyback on July 1, offering Rs 12,000 per share, as shares fell over 2% in Monday's trade.

29 Jun 2026
Stock Market

Shares of Persistent Systems crash 10% today: What's the reason?

Persistent Systems' shares plummeted by 10% to ₹4,353.35 today, following the company's announcement of its planned acquisition of German digital engineering firm Nagarro SE.

29 Jun 2026
Bengaluru

Residential sales in India hit 3-year low: What's the reason?

India's residential real estate market has witnessed a major slump in the April-June quarter, with sales hitting their lowest level since January 2023.

29 Jun 2026
Verizon

Verizon and BT Group are merging their international businesses

British telecom giant BT Group and US mobile company Verizon have announced a merger of their international businesses.

29 Jun 2026
World Economic Forum

Why $6.9T could be wiped out from world's GDP

The World Economic Forum (WEF) has warned that a full East-West economic decoupling could cost the global economy as much as $6.9 trillion in GDP.

29 Jun 2026
TL;DR

US FDA approves Alembic's generic dapsone 5% gel, matches Aczone

Alembic Pharmaceuticals has received final USFDA approval for its generic Dapsone gel, a 5% topical treatment for acne vulgaris, equivalent to Almirall's Aczone Gel.

29 Jun 2026
TL;DR

Apple hardware leader Paul Meade leaves for OpenAI hardware team

Paul Meade, a key figure behind Apple's Vision Pro and AI smart glasses, is leaving to join OpenAI's hardware division amid intensifying competition for AI talent.

29 Jun 2026
TL;DR

Bitcoin hovers near $60,000 after over 6% fall, crypto muted

Bitcoin traded near $60,000 as geopolitical tensions and weak institutional demand weighed on market sentiment, with the cryptocurrency seeing a 6.59% decline over the past week.

29 Jun 2026
TL;DR

Randstad India names Narayan Iyer MD and management council chair

Randstad India has named Narayan Iyer as its managing director, entrusting him to drive growth and enhance digital capabilities in the evolving Indian talent market.

29 Jun 2026
TL;DR

Mumbai founder Dhravya Shah raises $3 million seed for Supermemory

Mumbai-born Dhravya Shah sold his first company at 16 and raised $3 million for his AI startup Supermemory at 19, securing a U.S. O-1 visa for extraordinary ability.

29 Jun 2026
TL;DR

Mutual funds flock to India autos as EVs drive returns

India's automobile sector sees strong growth, with fund houses expanding offerings. Active and passive strategies tap into rising EV adoption and robust market performance.

29 Jun 2026
TL;DR

Elon Musk reveals monthly foundation models, Grok 4.5 in testing

On his 55th birthday, Elon Musk announced plans to release a new foundation AI model every month, starting with Grok 4.5, targeting OpenAI and Anthropic's dominance.

29 Jun 2026
TL;DR

Institutional investors put ₹21,812cr into India hospitality: Noesis Hotel Advisors

Institutional investors have infused Rs 21,812 crore into India's hospitality sector, as hotels transition from passion projects to income-generating real estate assets.

EPFO portal upgrade enters final day, services to resume tomorrow

The Employees' Provident Fund Organisation (EPFO) has temporarily halted some online services related to Employees' Provident Fund (EPF) claims.

29 Jun 2026
TL;DR

Kotak Mahindra Bank shares fall after Ashok Vaswani's exit announcement

Shares of Kotak Mahindra Bank fell over 3% after MD and CEO Ashok Vaswani announced he will not seek re-appointment post his tenure ending December 31, 2026.

29 Jun 2026
TL;DR

Samsung, SK Hynix announce $518B for South Korea semiconductor hub

Samsung Electronics and SK Hynix plan to build four semiconductor plants in South Korea, investing $518 billion to meet surging global demand for AI-driven advanced memory chips.

29 Jun 2026
TL;DR

BT and Verizon form 50-50 international JV, Verizon contributes $625 million

BT and Verizon have announced a 50/50 joint venture, combining their international operations in a $625m deal to form a global telecom company with $4bn annual revenue.

29 Jun 2026
Indian Government

India urges EU to reconsider metal scrap export restrictions

India has requested the European Union to reconsider its proposed restrictions on metal scrap exports.

29 Jun 2026
Amazon

Hexaware shares up by 9% today: Here we decode why

Shares of Hexaware Technologies Ltd skyrocketed by up to 9% today to ₹539 apiece, after the company announced its partnership with Amazon.

29 Jun 2026
Startups

Dunzo co-founder's new AI start-up automates your household tasks

Kabeer Biswas, the co-founder of Dunzo, has launched a new artificial intelligence (AI) start-up called M. The company aims to automate household tasks, starting with the kitchen.

29 Jun 2026
Zerodha

Zerodha will soon offer investment banking services in India

Zerodha, India's leading discount broking platform, is gearing up to foray into the investment banking sector. The move marks a major expansion of its financial services portfolio.

29 Jun 2026
Finance

Gold, silver prices seeing a decline today: What's the reason?

Gold and silver prices witnessed a decline on the Multi Commodity Exchange (MCX) today.

29 Jun 2026
TL;DR

Tata Motors announces IVECO deal to become top-four CV maker

Tata Motors announced its acquisition of Italy’s IVECO Group, aiming to become the fourth-largest global commercial vehicle manufacturer and expand its international footprint.

29 Jun 2026
TL;DR

Maruti Suzuki partners with 5 startups making operations smarter, greener

Maruti Suzuki partners with five startups, including Sarvam AI, to enhance customer engagement, operational efficiency, and sustainability through innovative solutions.

NPCI plans to integrate AI into UPI

The National Payments Corporation of India (NPCI) is considering the integration of artificial intelligence (AI) into its Unified Payments Interface (UPI).

29 Jun 2026
TL;DR

WEF warns world could lose up to $6.9 trillion

Global economic fragmentation could cost up to $6.9 trillion in GDP, warns WEF, as rising trade barriers and geopolitical tensions disrupt growth and amplify inflation worldwide.

29 Jun 2026
TL;DR

Amazon's India expansion amid $15B loss at Blinkit Swiggy Instamart

Amazon's aggressive expansion into India's $11 billion rapid-commerce sector has intensified competition, causing Eternal and Swiggy to lose over $15 billion in market value.

29 Jun 2026
TL;DR

Incuspaze raises ₹150cr from Bharat Value Fund, eyes IPO FY29

Incuspaze has raised ₹150 crore, led by Bharat Value Fund, to bolster its market presence, enhance technology investments, and prepare for an IPO in FY29.

29 Jun 2026
Samsung

Samsung, SK Hynix, Micron sued over alleged price-fixing of RAM

Samsung, SK Hynix, and Micron, the world's top three memory suppliers, have been sued for alleged price-fixing of RAM.

29 Jun 2026
TL;DR

Sensex falls to 76,861.11 as Nifty hovers above 24,000

Sensex dropped 350 points from its day's high, while Nifty hovered near 24,000 as profit booking and a fall in IT and auto shares weighed on market sentiment.

29 Jun 2026
TL;DR

PayU India posts best year with $781 million revenue, $18 million profit

PayU India reported $781 million in revenue for FY26, marking an 11% growth year-on-year, alongside its first full year of operating profit with $18 million adjusted EBITDA.

29 Jun 2026
TL;DR

ICICI Prudential Mutual Fund launches multi-asset active fund of funds

ICICI Prudential Mutual Fund has introduced Multi-Asset Active FOF, an open-ended fund investing in equity, debt, Gold ETFs, and Silver ETFs with dynamic allocation.

29 Jun 2026
TL;DR

Hexaware rises 8% after Anthropic Claude deal on Amazon Bedrock

Hexaware Technologies shares jumped 8% after being named an Anthropic Authorised Reseller for Amazon Bedrock, enhancing its enterprise AI capabilities.

29 Jun 2026
TL;DR

Kabeer Biswas launches Bengaluru AI startup M backed by ₹102cr

Dunzo co-founder Kabeer Biswas' new AI startup, M, aims to eliminate the mental effort of household management, starting with automating kitchen workflows via WhatsApp.

After CBSE tender row, student posts 1.6cr government contracts online

Class 12 student Sarthak Siddant has launched a public portal with around 1.66 crore procurement records from the Central Public Procurement (CPP) Portal of India.

29 Jun 2026
TL;DR

Zerodha applies for SEBI top-tier merchant banking license to expand

Zerodha has applied for a Category I merchant banking licence from SEBI, aiming to enter the investment banking space amidst India's booming IPO market.

29 Jun 2026
TL;DR

AWS CEO Matt Garman: AI changes work, not jobs

AWS CEO Matt Garman emphasizes the importance of hiring entry-level employees, arguing their energy and adaptability are crucial as AI reshapes jobs rather than eliminating them.

29 Jun 2026
TL;DR

Aon: 2025 reforms allow 100% foreign ownership in India's insurance

Regulatory changes in 2025 and increased competition have made India's insurance market more attractive, offering buyers broader coverage, higher limits, and reduced premiums.

29 Jun 2026
TL;DR

Momenta launches Hong Kong IPO to raise about $751 million

Chinese self-driving tech firm Momenta launched its Hong Kong IPO, aiming to raise $751 million, with plans to invest in AI research and expand Robotaxi services globally.

29 Jun 2026
TL;DR

NVIDIA loses China AI chip dominance after US export rules

Nvidia faces declining AI chip sales in China as local competitors like Huawei gain dominance, driven by U.S. export controls and China's push for semiconductor self-sufficiency.

29 Jun 2026
TL;DR

California suit alleges Samsung SK Hynix Micron inflated DRAM prices

Samsung, SK Hynix, and Micron are accused of price-fixing DRAM amid a global memory shortage, allegedly restricting supply and driving up prices as demand surges due to AI growth.

29 Jun 2026
HDFC Bank

HDFC Bank likely to name new chairman within 7-10 days

HDFC Bank is expected to finalize a new chairman within the next seven to 10 days, according to CNBC-TV18.

29 Jun 2026
TL;DR

HDFC Bank shares rise as review dismisses Atanu Chakraborty allegations

HDFC Bank shares gained 0.5% on June 29 after global brokerages reaffirmed bullish ratings, citing a legal review that alleviated governance concerns.

29 Jun 2026
TL;DR

Rupee opens at ₹94.35 versus US dollar, eyes 94.20-94.75

The Indian rupee opened 5 paise higher at 94.35 against the US dollar on June 29, amid stable oil prices and cautious market sentiment driven by U.S.-Iran developments.

29 Jun 2026
TL;DR

EPFO temporarily halts online PF claims for system upgrade

The EPFO portal upgrade enters its final day, aiming to enhance claim processing efficiency. Services are expected to resume soon, ensuring improved user experience for members.

29 Jun 2026
TL;DR

KPMG: Managing AI agents will be essential skill by 2029

Digital assistants are projected to comprise 36% of tech teams by 2027, as organisations increasingly redesign operations around autonomous AI systems, according to KPMG.

29 Jun 2026
TL;DR

Advit Jewels IPO allotment likely today after 212.63 times oversubscription

Advit Jewels' Rs 165.16 crore IPO, subscribed 212.63 times, sees allotment today, June 29. Investors can check their status online via the registrar, BSE, or NSE platforms.

29 Jun 2026
TL;DR

AI hardware surge lifts chipmaker stocks as Microsoft loses buzz

Shares in semiconductor and memory chip companies skyrocketed in early 2026, driven by surging demand from AI firms, with some stocks tripling or more since January.

29 Jun 2026
TL;DR

KPMG says professionals must know AI agent management by 2031

Managing AI agents is projected to become essential, with 92% of tech executives emphasizing its importance by 2031, according to a KPMG report on workforce and operational shifts.

29 Jun 2026
TL;DR

Lee Jae Myung to unveil $651.41 billion semiconductor AI plan

South Korea's President Lee Jae Myung will announce transformative semiconductor and AI projects, including a southwest chip hub, aiming to boost regional economies.

29 Jun 2026
TL;DR

HDFC Bank picking new chairman next week, Keki Mistry stays

HDFC Bank's nomination committee is set to recommend three candidates for the chairman role, with a final decision expected within the next week to 10 days.

29 Jun 2026
TL;DR

Twinkle Papers IPO opens; apply by July 1 priced ₹64-69

Twinkle Papers' Rs 27.5 crore SME IPO opens today, priced at Rs 64-69 per share. Retail investors can bid for a minimum of 4,000 shares, requiring Rs 2.76 lakh investment.

29 Jun 2026
TL;DR

Lupin receives tentative FDA approval for enzalutamide prostate cancer treatment

Lupin's shares rose as the USFDA granted tentative approval for its Enzalutamide tablets, offering new dosing options alongside bioequivalent alternatives to Xtandi.

29 Jun 2026
TL;DR

Samsung, SK Group poised to announce $1.3tn Korea tech investment

Samsung Group and SK Group plan to invest 2,000 trillion won ($1.3 trillion) over the next decade, focusing on semiconductors, AI data centers, and advanced technologies.

29 Jun 2026
TL;DR

Turtlemint Fintech Solutions IPO hits market valued above ₹4,500 cr

Turtlemint Fintech Solutions' shares debut today after its ₹152-per-share IPO was subscribed 1.20 times, raising ₹397.20 crore from anchor investors ahead of the listing.

29 Jun 2026
TL;DR

Gold down 23% since February, around $4,000 after U.S.-Iran clashes

Gold prices dropped near $4,000 an ounce amid renewed US-Iran tensions, while rising energy costs fueled inflation concerns and dampened expectations for central bank rate cuts.

29 Jun 2026
TL;DR

Asian markets slip as US and Iran pause strikes

Asian markets declined amid cautious sentiment as US-Iran tensions eased, while Brent crude surged to over $73 a barrel before settling lower.

29 Jun 2026
TL;DR

RBI invites feedback as it proposes opening term money market

The RBI's draft proposals aim to expand money market participation by allowing eligible NBFCs, mortgage lenders, and companies to lend and borrow short-term funds.

29 Jun 2026
TL;DR

Foreign investors slow selling, June outflows ₹31,823cr lowest since December

Overseas investors reduced selling of Indian equities in June, marking the lowest monthly outflows of 2026 as easing oil prices and geopolitical tensions improved market sentiment.

29 Jun 2026
TL;DR

India China Hong Kong heavyweights lose market share amid AI

Top companies in China and India now account for a smaller share of market capitalization, reflecting their lag in the global AI race compared to Taiwan and South Korea.

29 Jun 2026
TL;DR

FIFA World Cup boosts late-night food orders 12-15% across India

Late-night food delivery in India has surged 12-15%, driven by the FIFA World Cup and shifting eating habits of young consumers, with popular orders including pizzas and burgers.

29 Jun 2026
TL;DR

Surat's Rocket near $40 to $50 million funding, valued $500 million

Surat-based AI app-building startup Rocket is in discussions to raise $40-50 million at a $500 million valuation, led by 360 ONE Asset, according to sources.

29 Jun 2026
TL;DR

Alphabet $85B equity sale and SpaceX $75B IPO raise concern

Tech giants like Alphabet and SpaceX are raising massive equity, signaling increased capital expenditures and potential borrowing surges tied to AI investments.

29 Jun 2026
TL;DR

Indian firms prioritize measurable AI results as Meta, Amazon tighten

Enterprises are shifting focus from expansive AI deployments to measurable returns, prioritizing cost-effective models and accountability as diminishing returns become evident.

29 Jun 2026
TL;DR

HDFC Bank seeks reappointment for Sashidhar Jagdishan after legal clearance

HDFC Bank's board plans to reappoint Sashidhar Jagdishan as CEO for a third term, pending RBI approval, after external legal reviews dismissed concerns raised by a former chairman.

29 Jun 2026
TL;DR

Ford rehired 350 engineers to catch design problems before production

Ford rehired 350 veteran engineers after automated systems failed to meet quality expectations, with the move projected to save $1 billion and improve product reliability.

29 Jun 2026
TL;DR

India's top accounting firms expand leadership with new technology promotions

The Big Four accounting firms are reshaping their partnership models as AI-driven technology consulting emerges as a dominant growth driver, challenging traditional structures.

29 Jun 2026
TL;DR

Kunlunxin seeks $50 billion HK IPO, investors must buy chips

Baidu's AI chip unit, Kunlunxin, plans a Hong Kong IPO with a $50 billion valuation, expanding its external sales while ByteDance and Tencent emerge as key customers.

29 Jun 2026
TL;DR

USDT trades over 8.5% premium in India amid ED crackdown

India faces a sharp 8.5% surge in USDT premium due to Enforcement Directorate actions disrupting crypto remittance channels and tightening domestic stablecoin supply.

28 Jun 2026
Bengaluru

NoBroker now offers you home salon services in Bengaluru

Prop-tech platform NoBroker Technologies Solutions Pvt. Ltd has entered the home salon services market with its new offering, Zivora.

Could AI downturn lead to faster financial market crash?

The Bank for International Settlements (BIS), often referred to as the "bank of central banks," has warned that an artificial intelligence (AI) downturn could lead to a sharper and faster crash than traditional banking crises.

28 Jun 2026
HDFC Bank

Did ex-HDFC Bank chairman not cooperate with external legal review?

Atanu Chakraborty, the former chairman of HDFC Bank, has denied the bank's claim that he did not cooperate with an external legal review after his resignation.

This infrastructure investment trust wants to raise ₹5,000cr via IPO

Cube Highways Trust, a leading infrastructure investment trust in India, has begun roadshows for its initial public offering (IPO).

These 11 IPOs will hit Indian market next week

The Indian stock market is gearing up for another busy week with 11 new initial public offerings (IPOs) set to hit the primary market.

28 Jun 2026
Union Health Ministry

Manufacturing medical devices in India is about to become easier

The Union Health Ministry has proposed changes to the Medical Devices Rules, 2017, with an aim to fast-track the process of granting manufacturing licenses for medical devices.

This unicorn is planning a $300M IPO at $2B valuation

Proptech unicorn Square Yards has begun preparations for an initial public offering (IPO) to raise between $200 million and $300 million.

28 Jun 2026
ICICI Bank

Market cap of India's 6 top firms rises by ₹88,678cr

The Indian stock market witnessed a modest rise last week, with six of the top 10 companies gaining ₹88,678.1 crore in market capitalization.

28 Jun 2026
Ashwini Vaishnaw

Jewar to become North India's Silicon Valley: Ashwini Vaishnaw

The Indian government has taken a major step toward establishing Jewar as a key player in the global electronics and semiconductor manufacturing arena.

28 Jun 2026
Amazon

Amazon hikes price of key AI cloud service by 20%

Amazon has raised the prices of one of its key artificial intelligence (AI) cloud services by a whopping 20%.

28 Jun 2026
India

India's crude oil import dependence crosses 90%, raising economic risks

India's dependence on imported crude oil has crossed the 90% mark, a trend that could make the economy more vulnerable to external shocks, according to a recent report by EY.

28 Jun 2026
Reserve Bank Of India (RBI)

Bank holiday next week: Check when they will remain closed

Public and private sector banks in India will observe a single holiday next week, between June 29 and July 5.

28 Jun 2026
Donald Trump

Release unredacted Epstein documents or explain why: US judge

A US federal judge has ordered the Justice Department to either release unredacted versions of key documents related to convicted sex offender Jeffrey Epstein or explain why they can't be disclosed.

28 Jun 2026
GST

New rules introduced for taxpayers shifting business locations

The Central Board of Indirect Taxes and Customs (CBIC) has announced a new procedure for taxpayers shifting their principal place of business.

28 Jun 2026
Gautam Adani

India needs 2,000GW of new power capacity in near future

India will need to add nearly 2,000 gigawatts (GW) of new power generation capacity in the next two decades to meet the rising energy demand and reduce dependence on imported fuels, said Sagar Adani, Executive Director of Adani Green Energy.

28 Jun 2026
IRDAI

IRDAI plans new insurance distribution reforms to protect policyholders

The Insurance Regulatory and Development Authority of India (IRDAI) is gearing up to unveil a discussion paper on insurance distribution reforms.

Upcoming changes for taxpayers, bank customers, Aadhaar and passport holders

Several key financial changes will come into effect from July 1, 2026.

28 Jun 2026
Amazon

GameStop won't give up on buying eBay

GameStop has said it will continue with its proposed takeover of eBay, despite the latter's rejection of an unsolicited cash-and-stock offer worth some $56 billion.

28 Jun 2026
Bengaluru

Why Bengaluru land prices rival NYC? Sridhar Vembu explains

Sridhar Vembu, the Founder and Chief Scientist of Zoho Corporation, has blamed rampant corruption for the skyrocketing land prices in Indian cities like Chennai and Bengaluru.

27 Jun 2026
Anthropic

This AI firm's lowest-paid H-1B worker earns over ₹1cr

Anthropic, an artificial intelligence (AI) company, has revealed its pay scale through US visa filings.

27 Jun 2026
Donald Trump

Why Trump has threatened 100% tariff on European countries

US President Donald Trump has threatened to impose a 100% import tariff on any European country that imposes a tax on digital services provided by American companies.