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Business News

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13 May 2026
TL;DR

Alibaba to invest 380 billion yuan in AI and cloud

Alibaba announced it will surpass its initial three-year AI investment target of 380 billion yuan, prioritizing market leadership over profit margins.

13 May 2026
TL;DR

SoftBank Vision Fund posts $600 million India-listed loss in Q1 2026

SoftBank recorded over $600 million in paper losses on its India-listed portfolio during January-March 2026, driven by declining market values of Swiggy, Ola Electric, and others.

13 May 2026
TL;DR

US wholesale prices climb 6% in April on gasoline surge

US wholesale prices rose 6.0% year-on-year in April, marking the highest increase since December 2022, driven by soaring energy costs linked to the Iran war.

13 May 2026
TL;DR

Dixon Technologies stock rises nearly 10% despite 36% profit drop

Shares of Dixon Technologies soared nearly 10% as strong revenue growth and better-than-expected Q4 performance overshadowed a 36% decline in net profit for FY26's final quarter.

13 May 2026
TL;DR

Lupin secures US FDA approval for Nagpur-manufactured famotidine injection

Lupin Ltd has secured FDA approval for its famotidine injection USP, 20 mg/2 mL, used to treat ulcers, GERD, and pathological hypersecretory conditions in hospitalized patients.

13 May 2026
TL;DR

Bharti Airtel board approves swap adding 16.31% Airtel Africa stake

Bharti Airtel plans to raise its stake in Airtel Africa through a ₹28,220 crore share swap deal, issuing 146.76 million equity shares to Indian Continent Investment Ltd (ICIL).

13 May 2026
Amul

Amul's milk products will be ₹2 costlier from tomorrow

Amul has announced a price hike of ₹2 per liter on its milk products, effective from tomorrow.

13 May 2026
TL;DR

SEBI considering specialized distributors to expand retail bond investing

SEBI is evaluating a specialised distributor framework to simplify bond investments and expand retail participation, mirroring the mutual fund distribution model.

13 May 2026
TL;DR

SEBI plans municipal bond reforms to boost transparency, retail participation

India's market regulator Sebi has suggested reforms to ease municipal debt raising, including pooled issuances, stricter disclosures, and measures to boost retail participation.

13 May 2026
Tata Motors Ltd

Tata Motors Q4 profit surges 34% to ₹1,793cr

Tata Motors has reported a 33.8% jump in its consolidated net profit for the fourth quarter of FY26.

13 May 2026
Indian Government

Gold prices soar after duty hike: Hold or book profits?

The Indian government's decision to raise import duties on gold and silver to 15% has sent shockwaves through the market.

13 May 2026
TL;DR

Walmart cuts 1,000 roles to streamline operations and boost tech

Walmart has eliminated 1,000 positions as part of a restructuring effort aimed at streamlining operations and aligning roles with its tech-focused strategy.

13 May 2026
TL;DR

Jamieson Greer proposal for $30B tariff cuts highlights Beijing summit

The U.S. and China are exploring a $30 billion tariff reduction framework for non-sensitive goods, aiming to boost trade while preserving national security boundaries.

13 May 2026
TL;DR

Tower Semiconductor forecasts $455 million Q2, lands $1.3B AI photonics deals

Tower Semiconductor projects second-quarter revenue of $455 million, surpassing estimates, and secures $1.3 billion in AI chip deals for 2027 amid rising data center demand.

13 May 2026
TL;DR

Jio Financial and Allianz launch JAGIL for general, health insurance

Jio Financial Services and Germany's Allianz have launched Jio Allianz General Insurance, a 50:50 joint venture offering general and health insurance in India.

13 May 2026
Bharti Airtel

Bharti Airtel Q4 profit falls 34% to ₹7,325cr

Bharti Airtel has reported a 34% decline in its net profit for the fourth quarter ending March 31, 2026.

13 May 2026
TL;DR

India and Chile meet in New Delhi to accelerate CEPA

India and Chile discussed advancing their Comprehensive Economic Partnership Agreement (CEPA), focusing on critical minerals, renewable energy, and broader economic collaboration.

13 May 2026
TL;DR

Tata Motors Q4 net profit rises 34% to ₹1,793cr

Tata Motors reported a 33.8% rise in Q4 consolidated net profit to ₹1,793 crore, driven by strong revenue growth and improved margins; declares ₹4 dividend per share.

13 May 2026
TL;DR

SEBI proposes allowing mutual funds to borrow intraday for operations

SEBI has proposed relaxing rules for mutual funds to use intraday borrowing, enabling smoother cash flow management and addressing timing gaps in daily transactions.

13 May 2026
TL;DR

IBM-IndiaAI says India can be global AI hotspot by 2030

India could become the global hub for AI skills by 2030 if it doubles its AI-literate workforce, says IBM India MD Sandip Patel, highlighting a $500 billion economic opportunity.

13 May 2026
Vedanta

Why India's metal stocks jumped sharply today

Metal stocks in India witnessed a major rally on Wednesday. The surge was led by Hindustan Zinc, Vedanta, and Hindustan Copper.

13 May 2026
TL;DR

AI could add over $500B to India's economy by 2030

AI could contribute over $500 billion to India's economy by 2030, driven by digital infrastructure, IT workforce, and ambitious adoption, according to a joint IBM-IndiaAI study.

13 May 2026
TL;DR

Airtel Q4 FY26 net profit down 34% to ₹7,325 cr

Bharti Airtel reported a 34% drop in net profit to Rs 7,325 crore for Q4 FY26, while consolidated pre-tax profit rose 36%, driven by subscriber growth and premium plan upgrades.

13 May 2026
TL;DR

Milan IT developer sues former employer over pay cut refusal

An Italian IT worker alleges wrongful termination after rejecting a salary cut request, claiming their dismissal was disguised as poor performance and has since filed a lawsuit.

13 May 2026
TL;DR

Narendra Modi chaired CCEA hikes paddy MSP ₹72 per quintal

The government has raised the minimum support price (MSP) for paddy by ₹72 to ₹2,441 per quintal for the 2026-27 kharif marketing season, benefiting farmers nationwide.

13 May 2026
TL;DR

Rupee hits 95.80 as oil surges amid US Iran tensions

India's rupee plunged to a historic low of 95.7950 per dollar as soaring oil prices and debt repayments intensified economic pressures from the prolonged U.S.-Iran conflict.

13 May 2026
TL;DR

Eli Lilly to launch monthly Alzheimer's treatment Lormalzi in India

Eli Lilly is set to launch Lormalzi, a groundbreaking monthly injection targeting amyloid plaques for Alzheimer's treatment, in India this month at Rs 91,688 per vial.

13 May 2026
TL;DR

Elon Musk, SEC in D.C. hearing over delayed Twitter disclosure

Attorneys for the SEC and Elon Musk will present arguments before a D.C. judge regarding a $1.5 million settlement over Musk's delayed disclosure of his 5% Twitter stake.

13 May 2026
Indian Rupee (INR)

Indian rupee hits fresh all-time low of 95.8 per dollar

The Indian rupee has hit a new all-time low of 95.79 against the US dollar, as hopes for a peace deal between the United States and Iran fade.

13 May 2026
TL;DR

DSP launches Nifty FMCG ETF, subscription open until May 14

DSP Mutual Fund has introduced the DSP Nifty FMCG ETF, an open-ended fund tracking the Nifty FMCG Index. The NFO is open until May 14, 2026.

13 May 2026
TL;DR

Air India suspends international routes June-August over fuel, airspace restrictions

Air India announced temporary reductions on select international routes from June to August, citing airspace restrictions and soaring jet fuel prices as key challenges.

13 May 2026
TL;DR

Union Cabinet approves ₹37,500cr plan to boost coal gasification nationwide

The Cabinet has approved a Rs 37,500 crore coal gasification scheme to boost domestic coal-based production of syngas, urea, and chemicals, reducing reliance on imported fuels.

13 May 2026
TL;DR

Indian benchmarks recover as Sensex gains 50, Nifty rises 33

The Sensex rose 50 points to 74,608.98, while Nifty 50 gained 33 points to close at 23,412.60. Mid and small-cap indices outperformed amid value buying in select heavyweights.

13 May 2026
TL;DR

Tencent posts 21% profit rise to $8.6bn on AI investments

Tencent reported a 21% rise in Q1 net profit to 58.1 billion yuan, driven by strategic investments in artificial intelligence despite rising costs and slower video game sales.

13 May 2026
TL;DR

HDFC Life board approves ₹4,596cr bonus for 22.2L policyholders

HDFC Life Insurance has announced its highest-ever bonus of ₹4,596 crore, benefiting 22.2 lakh participating policyholders, following a board meeting held on April 16.

13 May 2026
TL;DR

Alibaba Q4 revenue up 3% on cloud, e-commerce growth

Alibaba reported a 3% rise in quarterly revenue, driven by strong growth in its cloud computing and AI divisions, alongside improved performance in its China e-commerce business.

13 May 2026
TL;DR

Siemens posts record AI orders as Q2 infrastructure revenue rises

Siemens sees record growth in AI-driven data center orders, despite an 8% profit dip, with infrastructure division orders soaring 35% in Q2 to €7.5 billion.

13 May 2026
Akash Ambani

Akash Ambani appointed Jio Platforms MD ahead of IPO

In a major pre-IPO development, Jio Platforms has appointed Akash Ambani as its managing director for five years.

13 May 2026
Reserve Bank Of India (RBI)

Modi government may get record dividend from RBI in 2026

The Reserve Bank of India (RBI) is likely to transfer a record dividend to the Indian government this year, as per PTI.

13 May 2026
Narendra Modi

After Modi's austerity call, PwC urges employees to reconsider trips

PwC India, one of the leading Big Four firms, has asked its employees to reconsider their travel plans.

13 May 2026
Uber

Uber partners with Adani for its 1st Indian data center

Uber has announced a partnership with the Adani Group to establish its first data center in India.

13 May 2026
TVS Motor Company

TVS Motor's Q4 net profit jumps 19% YoY to ₹772cr

TVS Motor Company has reported a 19% year-on-year increase in its consolidated net profit for the fourth quarter of FY26.

13 May 2026
Dubai

Why India's gold imports from Dubai may rise

The recent hike in import duty on gold from 6% to 15% may lead to a surge in imports from Dubai, according to think tank Global Trade Research Initiative (GTRI).

13 May 2026
Karnataka

Karnataka hires almost 30% of India's AI GCC talent

Karnataka is leading India's global capability center (GCC) talent market, contributing nearly 30% of the country's artificial intelligence (AI)-related GCC hiring.

13 May 2026
Reserve Bank Of India (RBI)

RBI governor hints at fuel price hike in India

Reserve Bank of India (RBI) Governor Sanjay Malhotra has warned that India may have to raise retail fuel prices if the ongoing conflict in the Middle East continues.

13 May 2026
TL;DR

Sagility expects low double-digit FY27 growth amid US client pressure

Sagility projects low double-digit revenue growth for FY27, driven by AI-led healthcare transformations and increasing client additions amid US healthcare cost pressures.

13 May 2026
TL;DR

TVS Motor Q4 FY26 profit rises 17.5% and revenue 30.4%

TVS Motor reported a 17.5% rise in Q4FY26 consolidated net profit to ₹819.55 crore, driven by a 28% growth in vehicle sales totaling 15.60 lakh units.

13 May 2026
TL;DR

Regulators reject Pernod Ricard's Delhi liquor license over alleged collusion

Indian authorities oppose Pernod Ricard's court plea to restore its Delhi liquor license, citing regulatory risks and allegations of collusion with retailers in 2021.

13 May 2026
TL;DR

Anthropic nearing Stainless acquisition and seeking at least $30B funding

Anthropic is reportedly in advanced talks to acquire AI tools startup Stainless for over $300 million, aiming to bolster its software offerings for streamlined AI model access.

13 May 2026
TL;DR

RBI Governor Sanjay Malhotra warns Indian fuel prices could rise

RBI Governor Sanjay Malhotra cautioned that prolonged high crude oil prices could lead to petrol and diesel price hikes, citing inflationary pressures and supply-chain disruptions.

13 May 2026
TL;DR

Bayer's FarmRise app reaches over 50L farmers in India

Bayer's FarmRise app now engages over 5 million Indian farmers, offering agronomy advice, market access, and AI-driven solutions in nine+ languages.

13 May 2026
Donald Trump

Trump is taking America's biggest CEOs to China

US President Donald Trump will be accompanied by a number of top business and tech industry executives on his upcoming trip to China.

13 May 2026
TL;DR

CleanMax eyes ₹2,200-2,500cr FY28 operating profit from AI demand

CleanMax anticipates surpassing ₹2,200-2,500 crore in operating profit by FY28, driven by rising renewable energy demand from AI and data center sectors.

13 May 2026
TL;DR

India hikes gold and silver import duty to 15%

India raises gold and silver import duties to 15% from 6%, aiming to curb demand, protect the rupee, and preserve foreign-exchange reserves amid Middle East conflict pressures.

13 May 2026
TL;DR

RBI to pay biggest-ever dividend to central government, decided May

The Reserve Bank of India is set to transfer its highest-ever dividend this year, providing the government with a critical fiscal cushion amid rising revenue expectations.

13 May 2026
TL;DR

PwC India asks staff to limit travel to conserve resources

PwC India has urged employees to reassess domestic and international travel, emphasizing trips only for clear business needs, following PM Modi's call for resource restraint.

13 May 2026
TL;DR

Skyroot Aerospace readies India's 1st private rocket Vikram-1 from Sriharikota

Skyroot Aerospace is gearing up for its first orbital launch, aiming to tap into international demand across the US, Europe, and Southeast Asia for small satellite missions.

13 May 2026
TL;DR

IMF gives Pakistan $1.3B for payments and climate projects

Pakistan received USD 1.3 billion from the IMF under Extended Fund Facility and Resilience and Sustainability Facility to bolster foreign reserves and address climate challenges.

13 May 2026
TL;DR

Uber, Adani Group to launch 1st data center in India

Uber partners with Adani Group to establish its first data center in India, set to launch later this year, bolstering innovation and global tech deployment from the region.

13 May 2026
JP Morgan

Could JP Morgan scrap its upcoming £3B London HQ?

JP Morgan's CEO Jamie Dimon has hinted that the bank could reconsider its plans for a new £3 billion headquarters in London.

13 May 2026
Australia

Why Australia's 1st Trump Tower project has been canceled

Plans for Australia's first-ever Trump Tower in Queensland have been scrapped.

13 May 2026
Vodafone Idea

Vodafone Idea all set for capital infusion soon

Vodafone Idea is set to get a fresh round of funding, led by its non-executive chairman Kumar Mangalam Birla, as per Moneycontrol.

13 May 2026
Air India

Air India cuts international flights amid skyrocketing jet fuel prices

Air India, the Tata-owned airline, has announced major cuts in its international network for three months starting June.

13 May 2026
Personal Finance

Robert Kiyosaki wants you to invest in silver this year

Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, has once again endorsed silver as a top investment choice.

13 May 2026
TL;DR

WazirX launches WazirX Futures offering INR trading and low fees

WazirX has launched a low-cost crypto derivatives platform in India, offering the country's lowest maker and taker fees with direct INR access for seamless trading.

13 May 2026
Federal Reserve

US inflation jumps to highest level in 3 years

Consumer prices in the United States surged by 3.8% year-on-year in April, the fastest increase since May 2023.

13 May 2026
TL;DR

Hindalco shares jump nearly 4% ahead of May 22 results

Hindalco Industries' stock surged 3.43% to ₹1,077.90 on NSE after announcing Q4 FY26 results date, reflecting strong investor confidence amid positive performance expectations.

13 May 2026
TL;DR

India's 2025-26 vegetable oil imports rise 13% to 7.94 MMT

India's vegetable oil imports increased 13% year-on-year to 7.94 million tonnes during November–April 2025–26, driven by a sharp rise in palm oil shipments, according to SEA data.

13 May 2026
TL;DR

Delhi HC orders 144.5cr deposit, SpiceJet heads to Supreme Court

SpiceJet has approached the Supreme Court against a Delhi High Court order directing it to deposit ₹144.5 crore in its ongoing legal battle with Kalanithi Maran and KAL Airways.

13 May 2026
TL;DR

Budget Indian carriers cut international flights almost 60% April May

India's smaller airlines, including Air India Express and SpiceJet, have reduced international departures by nearly 60% due to the ongoing West Asia conflict.

13 May 2026
TL;DR

Retail GST cut fuels 39% April Indian life NBP ₹30,550cr

Life insurers recorded a 39% YoY jump in April new business premium, reaching Rs 30,550.38 crore, driven by GST reduction and strong demand for insurance products.

13 May 2026
TL;DR

Sugar Cosmetics seeks ₹100-150cr as valuation falls to ₹1,400-1,500cr

Sugar Cosmetics, once a fast-growing beauty startup, is raising ₹100-150 crore at a reduced valuation of ₹1,400-1,500 crore due to financial strain and declining sales.

13 May 2026
TL;DR

India raises import duties on gold and silver to 15%

The government doubled import duties on gold and silver to 15% amid rising crude oil prices, rupee depreciation, and mounting external-sector vulnerabilities due to the Iran war.

13 May 2026
TL;DR

Bitcoin holds above $81,117 as daily transactions jump 116%

Bitcoin remains above the $80,000 mark despite hotter-than-expected U.S. inflation data, showcasing strong buyer confidence and resilient sentiment in the evolving crypto market.

13 May 2026
TL;DR

Zoho invests ₹70cr in government-backed ONDC to expand seller reach

Zoho Corporation commits ₹70 crore to ONDC, a government-backed open e-commerce network, aiming to expand its ecosystem and boost MSME participation in the digital economy.

13 May 2026
TL;DR

Nazara Technologies seeks 25% gaming margins, up to 20% growth

Nazara Technologies aims to achieve 25% margins by FY27, leveraging AI-driven efficiencies and the transformative acquisition of Bluetile Games to scale revenue and EBITDA.

13 May 2026
Elon Musk

Musk's behavior caused 'huge damage' to OpenAI: Sam Altman

OpenAI CEO Sam Altman has claimed that Elon Musk's behavior caused "huge damage" to the culture of his artificial intelligence start-up.

13 May 2026
TL;DR

Higher taxes drive India's gold imports to 3-decade low

India's recent import duty hike on gold is expected to significantly reduce imports, with April figures already hitting a three-decade low, according to analyst Mohammed Imran.

13 May 2026
TL;DR

Kumar Mangalam Birla to lead Vodafone Idea fundraising May 16

Kumar Mangalam Birla is spearheading a fresh promoter-led capital infusion in Vodafone Idea, aimed at bolstering lender and investor confidence amid ongoing financial challenges.

13 May 2026
TL;DR

Gold on MCX tops ₹163,000 after 15% import duty hike

Gold prices surged above ₹1.63 lakh on MCX, driven by geopolitical tensions, a record-low rupee, and increased import duties boosting domestic bullion premiums.

13 May 2026
TL;DR

Micron's Mehrotra joins Trump Cook and Musk at Beijing summit

Sanjay Mehrotra, CEO of Micron Technology, will accompany US President Donald Trump to Beijing, highlighting his pivotal role in US-China semiconductor and technology relations.

13 May 2026
TL;DR

Fractal posts 19% revenue rise as enterprise AI drives growth

Fractal reports 19% revenue growth despite TMT sector challenges, driven by robust demand in banking and life sciences, which grew 40% and 80%, respectively.

13 May 2026
TL;DR

Prabhudas Lilladher assigns Fractal Analytics buy rating with ₹1,040 target

Prabhudas Lilladher recommends a buy rating on Fractal Analytics, citing robust medium-term growth prospects and improved EBITDA margins, with a target price of Rs 1,040.

13 May 2026
TL;DR

TVS Credit reports ₹256cr March quarter net, ₹913cr FY profit

TVS Credit reported a 13% year-on-year growth in Q4 FY26 net profit at ₹256 crore, driven by improved consumption sentiment and strong traction in retail financing segments.

13 May 2026
TL;DR

Hindustan Zinc Ltd shares rise 5% as silver drives earnings

Hindustan Zinc shares jumped over 5% on Wednesday, driven by soaring silver prices and positive brokerage upgrades, marking the stock's second consecutive day of gains.

13 May 2026
TL;DR

AI surge fuels global memory chip shortage and higher costs

The AI boom has triggered a memory-chip supercycle, driving semiconductor stocks like Micron and Samsung to record highs while hardware firms face rising costs.

13 May 2026
TL;DR

Rupee recovers to 95.52 after India hikes gold, silver tariffs

The Indian rupee gained 16 paise to 95.52 against the US dollar in early trade, supported by reduced gold import demand following increased tariffs and government measures.

13 May 2026
TL;DR

Meta's mouse-tracking tool raises worker fears amid planned layoffs

Meta employees are protesting new mouse-tracking software, accusing the company of using their work to train AI systems, as looming layoffs threaten nearly 8,000 jobs globally.

13 May 2026
TL;DR

Berger Paints India shares jump 8% after Q4 FY26 results

Shares of Berger Paints India Ltd. soared 8% after reporting double-digit volume growth and achieving a 12-quarter high gross margin of 44.2% in Q4FY26 earnings.

13 May 2026
TL;DR

Akash Ambani named Jio Platforms managing director before IPO filing

Jio Platforms has named Akash Ambani as managing director for five years, effective April 9, 2026, as the company prepares for its highly anticipated IPO.

13 May 2026
TL;DR

NVIDIA CEO Jensen Huang joins Trump's delegation to China summit

Nvidia CEO Jensen Huang was belatedly added to President Trump’s billionaire-packed delegation to China, joining top executives on a high-stakes summit with President Xi Jinping.

13 May 2026
Indian Rupee (INR)

Gold, silver prices surge 6% as India hikes import duty

Gold and silver prices in India surged by over 6% on Wednesday, following the government's decision to raise import duties on the precious metals.

13 May 2026
TL;DR

Sensex gains over 110 points as Nifty reaches 23,419

Indian indices opened with mild gains on Tuesday, as Sensex rose 110 points to trade above 74,670 and Nifty reclaimed 23,400 following Monday's sharp losses.

13 May 2026
TL;DR

Mumbai outreach prepares professionals for Income Tax Act 2025

The Income Tax Department, Mumbai, hosted a mega outreach event under Prarambh 2026 to educate taxpayers and stakeholders about the simplified provisions of the new Income Tax Act.

13 May 2026
TL;DR

Indian government raises import duties, lifting gold and silver prices

Gold and silver prices in India surged over 6% after the government raised import duties to 15%, aiming to curb imports and ease pressure on foreign exchange reserves.

13 May 2026
TL;DR

Rupee rises slightly as India hikes precious metals import duty

The Indian rupee rose 0.08% to 95.61 against the dollar on May 13, following a government decision to increase gold and silver import duties to 15%.

13 May 2026
Indian Government

India raises gold, silver import duty to 15% from 6%

The Indian government has raised the import duty on gold and silver from 6% to 15%.

13 May 2026
TL;DR

Isomorphic Labs raises $2.1B to accelerate AI drug research

Isomorphic Labs secured $2.1 billion in a Thrive Capital-led round to scale its AI-driven drug discovery platform, with clinical trials now expected by late 2026.

13 May 2026
TL;DR

Global oil prices cool after 3 day surge, Brent $107.08

Global crude prices dipped on Wednesday morning, with Brent at $107.08/bbl, following an 8% rise over three sessions amid concerns over West Asia tensions and supply disruptions.

13 May 2026
TL;DR

MK Sons Fine Jewels files IPO with SEBI, promoter offer

MK Sons Fine Jewels Ltd has submitted draft papers to SEBI for an IPO, aiming to raise funds through a fresh issue and an offer-for-sale by its promoter.

13 May 2026
TL;DR

SRV and Ajay Mahajan launch ₹150cr B2B agentic AI fund

Silicon Road Ventures and Ajay Mahajan have launched a Rs 150-crore SEBI-registered AIF to invest in early-stage Agentic AI startups in B2B commerce.

13 May 2026
TL;DR

AI adoption reduces outsourcing and reshapes hiring at Indian firms

Indian enterprises embracing AI are reshaping cost structures, with 90% of mature adopters reducing business process outsourcing (BPO) spends, according to a Z47-OpenAI report.

13 May 2026
TL;DR

OpenAI and Z47: AI could add $1tn to India's GDP

AI-led productivity gains could add $1 trillion to India’s GDP by 2035, while funding for AI startups doubled year-on-year to $1.3 billion, according to an OpenAI-Z47 report.

13 May 2026
TL;DR

Oil prices slip on Iran uncertainty, Brent $106.95, WTI $101.52

Oil prices declined after a three-day rise, driven by uncertainty over an Iran ceasefire, as former U.S. President Donald Trump heads to China for trade discussions.

13 May 2026
TL;DR

Lightspeed trims India fund to $300m-$350m, pivots to AI

Lightspeed plans a $300-350 million India-focused fund, shifting its strategy towards early-stage AI and deeptech startups amid challenges in its growth-stage portfolio.

13 May 2026
TL;DR

Sir Ratan Tata Trust faces 3rd notice over 833 shares

Sunil Patilkhede has issued a legal notice to Sir Ratan Tata Trust trustees, marking the third such challenge in a month, ahead of the pivotal 16 May meeting.

13 May 2026
TL;DR

India raises import duty on gold and silver to 15%

India has increased import duties on gold and silver to 15% from 6%, aiming to curb imports, reduce pressure on foreign exchange reserves, and support the struggling rupee.

13 May 2026
TL;DR

Bombay High Court pauses ED seizure of Deepak Kochhar's 78cr

The Bombay High Court granted interim relief to Deepak Kochhar, staying the Enforcement Directorate's attempt to seize his ₹78 crore assets until the next hearing on June 19.

13 May 2026
TL;DR

NVIDIA CEO Jensen Huang sees 27% pay cut to $36.3m

Jensen Huang's total pay fell 27% to $36.3 million in fiscal 2026, driven by a 36% drop in equity awards despite steady salary and incentive compensation.

13 May 2026
TL;DR

US appeals court pauses ruling against Donald Trump's 10% tariff

A federal appeals court temporarily stayed a ruling declaring Trump's global 10% tariffs illegal, allowing the government to pursue further appeals.

13 May 2026
TL;DR

Gartner finds cutting jobs for AI not boosting financial results

A Gartner study reveals that replacing workers with AI yields no financial gains, with companies sacrificing institutional knowledge and goodwill for minimal returns.

13 May 2026
TL;DR

PayPal settles DOJ case, offers $1B processing fee waiver

PayPal agreed to a $30M settlement with the DOJ over its Economic Opportunity Fund, a program supporting Black-owned businesses, deemed "illegal DEI" under Trump’s administration.

13 May 2026
TL;DR

India doubles gold import duty to 10% to shrink deficit

The Finance Ministry has doubled the import duty on gold and precious metals to 10%, aiming to curb imports and address trade deficit concerns amidst fluctuating global prices.

13 May 2026
TL;DR

Goldman Sachs will deploy AI agents, John Waldron stresses productivity

Goldman Sachs President John Waldron announced plans to deploy generative AI “robots” to digitize operations, promising enhanced productivity without triggering mass layoffs.

13 May 2026
TL;DR

Indian government rolls out 4 labor codes replacing 29 laws

The central government has operationalised four new labour codes, consolidating 29 laws, and plans to introduce a comprehensive employment policy to boost job creation.

13 May 2026
TL;DR

OpenAI CEO Sam Altman testifies in Elon Musk charity lawsuit

Sam Altman testified that Elon Musk once suggested passing control of OpenAI to his children, raising concerns about the organization's commitment to shared governance.

13 May 2026
TL;DR

Sam Altman testifies in Musk trial over $38 million claim

Sam Altman testified that Elon Musk’s management style demotivated researchers, adding that Musk’s exit from OpenAI served as a morale boost for some employees.

13 May 2026
TL;DR

India's Income Tax Act 2025 took effect April 1, 2026

The Income Tax Act, 2025 simplifies compliance and reduces disputes through clear language, digital initiatives, and AI-powered tools like 'Kar Saathi' for taxpayer assistance.

13 May 2026
TL;DR

US refunds $35.5B after Supreme Court voids Trump's emergency tariffs

The US government has initiated $35.5 billion in tariff refunds after the Supreme Court deemed Donald Trump’s emergency tariff policy unlawful, impacting millions of imports.

13 May 2026
TL;DR

Uday Kotak warns India may face economic strain from energy

Uday Kotak warns of impending energy price shocks from Middle East tensions, urging India to prepare for structural global shifts and address its growing current account deficit.

13 May 2026
TL;DR

Sam Altman denies Musk's claim at California trial over $38 million

Sam Altman refuted Elon Musk's claim of betraying OpenAI’s nonprofit mission, as the high-stakes trial over AI governance and leadership unfolds in California.

12 May 2026
India

India might soon ink critical minerals pact with Russia

India and Russia are in advanced talks to sign a preliminary agreement on critical minerals, as per Reuters.

12 May 2026
India

India has enough forex for over 8 months of imports

India's foreign exchange reserves are in a strong position, according to a Moneycontrol analysis.

EPFO to pay ₹50,000 compensation for 10-year-delay in PF transfer

The Chandigarh District Consumer Disputes Redressal Commission has directed the Employees' Provident Fund Organisation (EPFO) to pay ₹50,000 as compensation.

12 May 2026
Microsoft

Microsoft, OpenAI agree to limit revenue-sharing payments to $38B

OpenAI and Microsoft have agreed to cap revenue-sharing payments at $38 billion, as per The Information.

12 May 2026
Groww

Groww block deal jumps to $600M as demand surges

A block deal in Billionbrains Garage Ventures Ltd., the parent company of leading wealth-tech firm Groww, has been upsized from its initial base size of some $500 million to about $600 million. The increase comes on the back of high demand for shares.

12 May 2026
Inflation

India's retail inflation rises to 4-month high of 3.48%

India's retail inflation hit a four-month high of 3.48% in April, up from 3.4% in March, official data showed today.

12 May 2026
eBay

eBay rejects GameStop's $56B takeover bid

eBay has turned down a massive $56 billion takeover offer from GameStop. The rejection comes amid concerns over the financing of the deal.

12 May 2026
Stock Market

Real estate, jewelry shares fall again on Modi's austerity call

Real estate and jewelry stocks have been hit by a wave of selling pressure for the second consecutive day.

12 May 2026
Sam Altman

Why Altman is being probed by Republican lawmakers in US

Sam Altman, the CEO of OpenAI, is facing scrutiny from US Republican lawmakers over his business dealings.

This Skechers, Bugatti retailer has filed for IPO in India

Gaurik Fashions, which operates stores for Skechers, Guess and Bugatti in India, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).

12 May 2026
Elon Musk

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%.

12 May 2026
India

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%.

12 May 2026
Japan

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.

12 May 2026
Personal Finance

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).

12 May 2026
Texas

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.

12 May 2026
Mumbai

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.

12 May 2026
Meta

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.

12 May 2026
Iran

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.

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.

12 May 2026
Hardeep Singh Puri

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.

12 May 2026
Nifty

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.

12 May 2026
OpenAI

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.

12 May 2026
Reserve Bank Of India (RBI)

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.

11 May 2026
Indian Government

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.

11 May 2026
Coca-Cola

Diet Coke is back in India but costlier

Diet Coke has made a comeback in India, but this time in costlier glass bottles.

11 May 2026
India

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.

11 May 2026
Adani Group

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.

11 May 2026
Startups

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.

11 May 2026
Iran

'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.

11 May 2026
Netflix

Jio's ₹749 postpaid plan offers Netflix, Amazon Prime, and JioHotstar

Reliance Jio has a postpaid recharge plan priced at ₹749.

11 May 2026
Bharti Airtel

'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.

11 May 2026
Stock Market

India's real estate stocks tumble today: Here we decode why

Shares of major Bengaluru-based real estate firms have witnessed a slump today.

11 May 2026
China

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.

11 May 2026
Finance

Gold, silver prices under pressure in India: What's the reason?

Gold and silver prices are witnessing a downward trend in India.

11 May 2026
Tata

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.

11 May 2026
HDFC Bank

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.

11 May 2026
India

How to invest in Indian government securities bonds

Investing in Indian government securities bonds can be a smart move for those seeking stable returns.

11 May 2026
Ashwini Vaishnaw

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.

11 May 2026
Electric Vehicles

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.

11 May 2026
Stock Market

Why travel & tourism, aviation shares are seeing downturn today

Shares of major oil marketing companies (OMCs), airlines, and travel-related firms have plummeted today.

11 May 2026
Reliance Industries

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.

11 May 2026
Stock Market

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.