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Business News

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10 Jun 2026
TL;DR

Indian rupee at 95.27 after likely RBI intervention, oil dip

The rupee appreciated 14 paise to close at 95.27 against the U.S. dollar on June 10, 2026, supported by RBI intervention and easing Brent crude oil prices.

10 Jun 2026
TL;DR

India attracts record $843 billion FDI from 2014-15 to 2025-26

India recorded $843 billion in cumulative FDI inflows from 2014-15 to 2025-26, marking a 169% increase over the previous 12 years, driven by key government initiatives.

10 Jun 2026
IndiGo

Your IndiGo flight may soon fly over Himalayas

IndiGo, India's aviation giant, is considering the option of flying over the Himalayas.

10 Jun 2026
Elon Musk

Starlink's launch in India has not been put on hold

Starlink, Elon Musk's satellite internet service, has responded to reports of its India launch being delayed due to security concerns over the Iran conflict.

10 Jun 2026
TL;DR

India, United States seek $500B trade by 2030, energy focus

Deeper hydrocarbon collaboration between India and the US could significantly boost bilateral trade to USD 500 billion by 2030, a new report highlights.

10 Jun 2026
TL;DR

Student loan rules change July 1, 2026: SAVE ends, RAP

Starting July 1, significant student loan changes from the One Big Beautiful Bill Act take effect, including new repayment plans, borrowing limits, and the end of the SAVE plan.

10 Jun 2026
TL;DR

Priyank Panchal launches Sportsversity to teach practical sports industry skills

Former cricketer Priyank Panchal unveiled Sportsversity, India's first athlete-led platform offering specialized programs for careers beyond the playing field.

10 Jun 2026
TL;DR

India drops taxes on foreign investment in government bonds

India's removal of taxes on foreign investments in government bonds aims to boost overseas inflows and strengthen its case for inclusion in major global debt indexes.

10 Jun 2026
TL;DR

GIFT City opens 2nd Fintech residential program for fintech startups

GIFT City has opened applications for its second Fintech Residential Programme, targeting early-stage start-ups developing innovative financial technology solutions.

10 Jun 2026
TL;DR

ASK Property Fund launches 4th debt fund to raise ₹3,500cr

ASK Property Fund has unveiled its fourth debt fund targeting ₹3,500 crore to invest in mid-income housing projects across six major Indian cities.

10 Jun 2026
TL;DR

Nifty 50 down 11% year-to-date, could post its 1st annual fall in a decade

The Nifty 50 is on track for its first annual decline in over a decade, driven by surging crude oil prices and foreign investor outflows amid geopolitical tensions.

10 Jun 2026
TL;DR

Airtel renames Priority Postpaid 'Fast lane' amid net neutrality concerns

Airtel's rebranding of 'Priority Postpaid' to "Fast lane" has reignited debates on net neutrality, with critics fearing potential discriminatory practices in internet access.

10 Jun 2026
TL;DR

Airtel expands 5G with 2,900 new sites across North India

Bharti Airtel has added over 2,900 new 5G sites across northern India and rebranded its Priority Postpaid service as "Fast Lane," sparking net neutrality concerns.

10 Jun 2026
TL;DR

Gold down nearly ₹4,300 to ₹156,000 as oil tops $90

Gold prices fell by ₹4,300 to ₹1.56 lakh per 10 grams, while silver dropped ₹10,000 to ₹2.45 lakh per kg as rising crude oil and a strong dollar hit demand.

10 Jun 2026
TL;DR

Zepto files updated DRHP for ₹8,010cr issue plus 113 million OFS

Zepto has filed an updated DRHP with SEBI, planning a Rs 8,010 crore fresh issue and an OFS of 113 million shares as it prepares for its highly anticipated IPO.

10 Jun 2026
TL;DR

India's pharma exports forecast to reach $50 billion by 2030

India's pharmaceutical exports are projected to reach $50 billion by 2030, driven by market diversification, regulatory strength, and a shift from volume-led to value-led growth.

10 Jun 2026
Anil Ambani

Bombay HC offers Anil Ambani interim relief in tax-evasion case

The Bombay High Court has granted interim protection from prosecution and penalty to industrialist Anil Ambani in an alleged tax evasion case.

10 Jun 2026
India

Bharat Forge will make semiconductor chips now

Bharat Forge, India's leading forging and engineering company, has made its entry into the billion-dollar semiconductor industry.

10 Jun 2026
HDFC Bank

HDFC Bank hikes FCNR deposit rates: How it affects you?

HDFC Bank has announced a major hike in the interest rates for its Foreign Currency Non-Resident (FCNR) deposits.

10 Jun 2026
London

Palantir to sue London mayor for blocking £50M Met contract

Palantir, a US spy-tech company, is planning to sue London Mayor Sadiq Khan.

10 Jun 2026
Donald Trump

Trump family made $500M from a cryptocurrency deal

The family of US President Donald Trump made $500 million from a cryptocurrency deal, just before the involved company suffered a collapse.

10 Jun 2026
Cognizant

Cognizant generates $200M sales pipeline by listening to employee conversations

Cognizant, a leading IT services company, has generated an additional $200 million in sales pipeline by leveraging artificial intelligence (AI) to analyze internal communications.

10 Jun 2026
Mukesh Ambani

This Ambani-backed start-up seeks $100M to make humanoid robots

Addverb Technologies, an Indian start-up backed by billionaire Mukesh Ambani's Reliance Industries, is looking to raise over $100 million.

10 Jun 2026
TL;DR

Morgan Stanley forecasts AI debt issuance reaching $570B by 2026

AI-related global debt issuance is projected to exceed $570 billion in 2026, driven by hyperscalers' rising capex needs, according to Morgan Stanley's latest forecast.

10 Jun 2026
TL;DR

Indian firms use GPUs as collateral after Neysa $600 million raise

Indian AI firms are leveraging GPUs as collateral to secure debt, unlocking capital without equity dilution amid rising demand for AI infrastructure and services.

10 Jun 2026
TL;DR

Shantanu Rooj says AI is shrinking hiring for recent graduates

AI is reshaping the job market, with companies drastically reducing fresher hiring. Shantanu Rooj emphasizes the need for redefined skilling in an AI-driven world.

10 Jun 2026
TL;DR

India's gold ETFs reverse inflows with ₹7.25 billion May outflow

Gold ETFs saw net outflows of Rs 725 crore in May 2026, following PM Modi's appeal to curb gold purchases and a customs duty hike on precious metals.

10 Jun 2026
TL;DR

Sensex falls about 200 points as Nifty slips below 23,350

Sensex dropped 200 points from its day's high, while Nifty slipped below 23,350 as profit booking at higher levels and weak global cues weighed on investor sentiment.

10 Jun 2026
TL;DR

SK Hynix plans US listing by August 2026, citing AI

SK Hynix plans to list shares in the US by August, aiming to leverage strong AI-driven demand and expand its investor base, sources familiar with the matter revealed.

10 Jun 2026
TL;DR

Bharat Forge enters lithography components, works with 3 top chipmakers

Bharat Forge has entered the billion-dollar semiconductor industry, collaborating with three of the world's top five chipmakers and securing major orders.

10 Jun 2026
TL;DR

Addverb Technologies to raise over $100 million for robots and lidar

Indian robotics startup Addverb Technologies aims to raise over $100 million to develop humanoid robots and expand globally, targeting top industry ranks within a decade.

10 Jun 2026
TL;DR

Meesho shares rise nearly 5% on Jefferies buy, ₹225 target

Meesho's share price climbed nearly 5% after Jefferies initiated coverage with a 'Buy' rating and a ₹225 target, signaling a 34% upside from current levels.

10 Jun 2026
TL;DR

India's finished steel imports jump 62.5% amid duty-free re-export policy

India continued as a net importer of finished steel in May FY27, with imports surging 62.5% year-on-year amid shifting global demand due to the Iran war.

10 Jun 2026
TL;DR

Bombay HC stays Black Money Act action against Anil Ambani

The Bombay High Court granted interim protection to Anil Ambani in a ₹420 crore tax evasion case under the Black Money Act, questioning its constitutional validity.

10 Jun 2026
TL;DR

Sensex jumps 1,010 points as Nifty tops 23,400 mark

Sensex surged over 1,000 points in two days, while Nifty crossed 23,400 as cooling oil prices and global AI trade fatigue boosted investor sentiment.

10 Jun 2026
TL;DR

SEBI seeks to tweak AMC pay disclosure rules, invites comments

SEBI seeks public feedback on revising executive remuneration disclosure norms for Asset Management Companies to enhance transparency and practicality.

10 Jun 2026
TL;DR

EIA warns over 6 million bpd losses as OECD stocks fall

Global oil reserves have plummeted to their lowest levels since 2003, driven by the Strait of Hormuz closure and record inventory drawdowns, warns a recent USEIA report.

10 Jun 2026
TL;DR

Tata Consumer Products posts ₹20,000 cr revenue, 15% growth FY2026

Tata Consumer Products reported ₹20,290 crore in revenue for FY26, marking a 15% increase, while net profit surged 20% to ₹1,547 crore, driven by broad-based growth.

10 Jun 2026
TL;DR

Report: India firms avoid AI over employee training, health costs

A new report highlights AI adoption barriers, rising health costs, and poor cyber threat literacy as key workforce risks impacting resilience and business performance in India.

10 Jun 2026
Layoff News

Salesforce has embarked on another round of layoffs

Salesforce, the leading customer relationship management (CRM) company, has laid off employees in a new round of job cuts.

10 Jun 2026
TL;DR

India's precious metal ETFs face ₹7,312cr outflows in May

Silver ETFs recorded their fourth consecutive month of outflows in May, while gold ETFs posted their first monthly outflow in a year amid price corrections and profit-booking.

10 Jun 2026
TL;DR

TSMC reports 30% May 2026 revenue jump from AI demand

Taiwan Semiconductor Manufacturing Co. reported a 30% rise in May sales, driven by surging global demand for AI chips as tech giants ramp up investments in AI infrastructure.

10 Jun 2026
TL;DR

India's CAD seen at 1.8% of GDP in FY27

India's current account deficit is projected to be 1.8% of GDP in FY27, revised down from 2%, driven by resilient invisible receipts and adjustments in trade components.

10 Jun 2026
TL;DR

Trumps received $500 million from WLFI sale before AI financial troubles

The Trump family reportedly earned $500 million from a cryptocurrency deal with AI Financial Corp., which later faced a 93% stock plunge and significant investor losses.

10 Jun 2026
TL;DR

Exponent Energy raises ₹200cr as 360 ONE Asset enters EV

Exponent Energy has raised Rs 200 crore ($21.1 million) in a funding round co-led by 360 ONE Asset and TDK Ventures to accelerate EV adoption in India.

10 Jun 2026
TL;DR

Concord Biotech wins US FDA approval for tofacitinib tablets

Concord Biotech shares rose 5% after securing USFDA approval for Tofacitinib Tablets, a $500 million market drug, strengthening its foothold in the US pharmaceutical sector.

10 Jun 2026
TL;DR

India fuel use drops 6.5% May amid West Asia conflict

India's fuel consumption fell by 6.5% in May to 19.93 million tonnes, driven by a sharp decline in LPG and bitumen demand amid rising prices and global supply constraints.

10 Jun 2026
TL;DR

Debt mutual funds post 97,000cr outflow as liquid funds suffer

Debt mutual funds saw net outflows of ₹96,949 crore in May, reversing April’s robust inflows of ₹2.47 lakh crore, driven by volatile institutional treasury movements.

10 Jun 2026
TL;DR

Xpeng CEO He Xiaopeng to lead IRON robotics mass production

Xpeng CEO He Xiaopeng will lead the company's robotics unit as it prepares for mass production of its humanoid IRON robots, targeting commercialization by 2027.

10 Jun 2026
TL;DR

Jayshree Ullal named richest Indian-origin woman on Forbes 2026

Jayshree Ullal, CEO of Arista Networks, ranks No. 7 on Forbes' 2026 America's Richest Self-Made Women list with a $6.8 billion fortune, the highest among Indian-origin women.

10 Jun 2026
TL;DR

Gold ETFs see biggest monthly drop with ₹725cr May outflow

Gold ETFs faced a record ₹725 crore outflow in May, reversing April's inflow, while silver ETFs attracted ₹2,133 crore amid shifting investor preferences.

10 Jun 2026
TL;DR

CMR Green Technologies opens over 40% above ₹192 IPO price

CMR Green Technologies' IPO was subscribed over 127 times, driven by strong institutional backing. The stock debuted with a 43% premium on BSE and NSE.

10 Jun 2026
TL;DR

Anthropic India Private Limited disputes Anthropic Softwares's brand copying claims

Anthropic India Private Limited (AIPL) has asserted its status as a separate legal entity, distancing itself from the U.S.-based Anthropic PBC in an ongoing trademark dispute.

10 Jun 2026
TL;DR

Salesforce cuts 86 roles across Agentforce AI, Mulesoft, Marketing Cloud

Salesforce has laid off 86 employees, including those from its Agentforce AI and Mulesoft IT teams, as part of its ongoing workforce reductions amid rising AI adoption.

10 Jun 2026
TL;DR

Equity mutual fund inflows drop over 40% in May 2026

Net inflows into equity mutual funds fell over 40% month-on-month to ₹22,897 crore in May, marking the lowest level in the past 12 months.

10 Jun 2026
TL;DR

China factory prices hit near 3-year high, consumer inflation flat

China's producer inflation surged to 3.9% in May, driven by soaring energy costs and AI-related demand, while consumer inflation remained subdued at 1.2%.

10 Jun 2026
TL;DR

Zepto IPO will make Aadit Palicha, 23, youngest listed CEO

At 23, Aadit Palicha will become India's youngest MD and CEO of a publicly listed company as Zepto prepares for its IPO, marking a remarkable entrepreneurial journey.

10 Jun 2026
TL;DR

Japan's top 3 banks to launch stablecoins by March 2027

Japan's top three banks will jointly issue yen-based stablecoins by March 2027, aiming to modernize payment systems as blockchain technology gains momentum in the country.

10 Jun 2026
Stock Market

Sensex up 380 points, Nifty crosses 23,300: What's driving rally?

The Indian stock market opened on a positive note today, with the Sensex rising by 378.77 points or 0.51% to hit 74,297.52.

10 Jun 2026
TL;DR

Zoho debuts 1st in-house Nathu La servers cutting energy 12-18%

Zoho Corporation has unveiled its first India-designed server, Nathu La, aiming to cut AI and data centre costs while enhancing control over its technology stack.

10 Jun 2026
TL;DR

Markets rally as Sensex jumps 513 points and Nifty rises

Sensex surged over 500 points in early trade, driven by gains in Reliance and HUL, even as geopolitical tensions in West Asia and rising crude prices weighed on global sentiment.

10 Jun 2026
TL;DR

Sensex rebounds 486 points as oil steadies despite U.S.-Iran tensions

Indian stock markets rose on Wednesday as stable crude oil prices and strength in defensive stocks outweighed concerns over renewed US-Iran hostilities in West Asia.

10 Jun 2026
TL;DR

Wipro plans ₹15,000cr buyback at ₹250 for June 5 holders

Wipro's Rs 15,000 crore share buyback at Rs 250 per share, a 38% premium to its previous closing price, opens June 10, offering retail investors a tactical profit opportunity.

10 Jun 2026
Meta

Reliance to build Meta's 1st AI data center in India

Meta, the parent company of Facebook, has teamed up with Reliance Industries Limited (RIL) to establish its first artificial intelligence (AI)-driven data center in India.

10 Jun 2026
Elon Musk

Why xAI, SpaceX are facing class-action lawsuit in the US

Elon Musk's companies, xAI and SpaceX, are facing a class-action lawsuit filed by residents of Mississippi, US.

10 Jun 2026
TL;DR

Reliance-backed Addverb Technologies to raise over $100 million for global expansion

Indian robotics firm Addverb Technologies, backed by Mukesh Ambani's Reliance, aims to raise over $100 million to expand globally and develop cutting-edge humanoid robots.

10 Jun 2026
TL;DR

CleanMax stock jumps 15% after 900 MW Meta partnership

CleanMax shares soared 15% to a 52-week high after announcing a 900 MW renewable energy partnership with Meta, boosting India’s clean energy transition.

10 Jun 2026
TL;DR

Infosys shares dip after stock turns ex dividend for ₹25

Infosys shares dropped over 1.5% on June 10 as the stock turned ex-dividend for its Rs 25 per share final dividend, adjusting downward to reflect the payout.

10 Jun 2026
TL;DR

Aluminum drops 1.4% to $3,498 on London Metal Exchange

Aluminum prices hit a one-month low as escalating Middle East tensions and expectations of prolonged US rate hikes weighed on industrial metal demand and global growth prospects.

10 Jun 2026
TL;DR

Rupee slips 19 paise to 95.54 against US dollar

The Indian rupee weakened by 19 paise to 95.54 per dollar on June 10, driven by foreign fund outflows, importer dollar demand, and a cautious global risk environment.

10 Jun 2026
TL;DR

TSMC says inflation makes things tough, will price by technology

Rising inflation is driving up TSMC's operating costs, potentially influencing chip prices, even as the company struggles to meet surging AI-driven semiconductor demand.

10 Jun 2026
TL;DR

China restricts rare earth exports, disrupting global supply chains

China's export controls on key rare earth minerals, including yttrium and terbium, are driving up global prices, impacting EVs, semiconductors, and defense systems.

10 Jun 2026
TL;DR

RBI tells banks to finish gap assessments by June 2026

The Reserve Bank of India has directed banks to complete a board-approved gap assessment and action plan by June to address cybersecurity risks from advanced AI models like Mythos.

10 Jun 2026
TL;DR

US strikes on Iranian targets push oil up, gold falls

Crude oil prices rebounded nearly 1% amid escalating US-Iran tensions, while gold extended losses, dropping over 1%, as rising oil prices stoked inflation concerns.

10 Jun 2026
TL;DR

KOSPI drops over 2% to 7,902.84 amid U.S.-Iran tensions

South Korean shares plunged over 2% on Wednesday as escalating hostilities in West Asia, including U.S. strikes on Iran, fueled market volatility and investor concerns.

10 Jun 2026
TL;DR

KOSPI drops 3.6% as chip stocks fall on U.S.-Iran tensions

South Korea's KOSPI dropped nearly 4% as semiconductor stocks tumbled, driven by AI rally concerns and heightened geopolitical risks following U.S. strikes on Iran.

10 Jun 2026
TL;DR

Reliance Industries, Meta launch Llama enterprise AI in India

Meta Platforms and Reliance Industries have partnered to develop enterprise AI solutions in India, leveraging Meta's Llama models. The venture includes a new 168 MW data center.

10 Jun 2026
TL;DR

ICICI Prudential Mutual Fund launches Nifty Smallcap 250 ETF NFO

ICICI Prudential Mutual Fund has introduced the Nifty Smallcap 250 ETF, offering investors exposure to 250 small-cap companies ranked between 251-500 in market capitalisation.

10 Jun 2026
TL;DR

India's exports reach record $863 billion in fiscal year 2025-26

India's total exports soared to a record $863 billion in FY26, driven by robust growth in merchandise and services exports, according to the Commerce Ministry.

10 Jun 2026
TL;DR

India's stock market set for ₹60,000cr surge in 2 months

India's equity market sees renewed activity as over 12 firms plan to raise $6.3 billion through IPOs and placements, signaling optimism after a subdued start to 2026.

10 Jun 2026
TL;DR

Brent crude rises to $92.51 as U.S.-Iran clashes escalate

Crude oil prices soared as Brent surpassed $92 per barrel after escalating US-Iran tensions, including retaliatory strikes near the Strait of Hormuz, rattled global energy markets.

10 Jun 2026
TL;DR

Platforms must register gig workers on eShram by June 21

The government has mandated digital platforms like Swiggy, Zomato, and Uber to register gig workers on the eShram portal by June 21, ensuring access to social security benefits.

10 Jun 2026
TL;DR

Investors shift into AI stocks as Bitcoin loses $1.2 trillion

Bitcoin has plunged from its $126,000 peak to $60,000, erasing $1.2 trillion in market value as investors shift focus to booming AI stocks and grapple with higher interest rates.

10 Jun 2026
TL;DR

Zepto readies IPO after 210 million Q4 orders, highlights net receivables

Zepto, despite rapid order growth with 210 million orders in Q4 FY26, faces steep losses of Rs 1,248 crore, trailing Blinkit’s profitability as it prepares for its IPO.

10 Jun 2026
TL;DR

Gold falls $62.60, silver slips as investors await US inflation

Gold dropped 1.46% and silver fell 0.48% as investors turned cautious ahead of US inflation data, with rising rate hike expectations pressuring precious metals.

10 Jun 2026
TL;DR

Nintendo stock falls 7.5% after Direct omits new Super Mario

Nintendo's shares dropped 7.5% after its game lineup reveal lacked major franchises, fueling worries over the Switch 2's momentum amid rising hardware prices.

10 Jun 2026
TL;DR

FPIs pour ₹10,000cr into Indian bonds after policy changes

Foreign investors have poured nearly ₹10,000 crore into Indian bonds in four sessions, driven by tax exemptions on debt gains and expanded investment options by the RBI.

10 Jun 2026
TL;DR

Super Micro Computer seeks $7B to build $39B AI servers

Super Micro Computer plans to raise $7 billion through equity offerings to fund component purchases, addressing $39 billion in advanced AI server orders.

10 Jun 2026
TL;DR

US dollar steadies after Iran airstrikes, markets eye May inflation

The dollar remained stable after U.S. strikes on Iran, while investors awaited key inflation data for insights into Federal Reserve policy direction.

10 Jun 2026
TL;DR

US military strikes on Iranian targets lift Brent to $92.29

Oil prices rose as US military strikes on Iran reignited supply concerns, while an eighth consecutive weekly decline in US crude inventories further supported the market.

10 Jun 2026
TL;DR

SAP CEO Christian Klein says India a future AI frontrunner

India has the talent, infrastructure, and government backing to lead in applying AI across industries like manufacturing and finance, says SAP CEO Christian Klein.

10 Jun 2026
TL;DR

India eases SEZ import rules to speed semiconductor factory setup

India's semiconductor sector gains momentum as new rules exempt SEZ imports from quality checks, expediting chip manufacturing and assembly under the India Semiconductor Mission.

10 Jun 2026
TL;DR

Major Indian firms to raise over ₹30,000Cr through QIPs

India's primary market shows signs of revival as listed companies, including Premier Energy and AU Small Finance Bank, prepare QIPs totaling over ₹30,000 crore.

10 Jun 2026
TL;DR

GM develops sodium-ion batteries for AI data centers and grids

GM partners with Peak Energy to develop sodium-ion batteries for grid-scale energy storage, aiming to revolutionize power solutions for AI data centers and industrial sites.

10 Jun 2026
TL;DR

Government raises 20000cr via stakes and monetization, hits quarter target

The Centre has collected Rs 20,000 crore through disinvestment and asset monetisation in two months, achieving 25% of its annual target amid rising subsidy pressures.

10 Jun 2026
TL;DR

Meta and Mike Rowe announce $115 million academy with free training

Meta and Mike Rowe have unveiled a $115 million program, America’s Workforce Academy, offering free training and guaranteed jobs for future welders, plumbers, and electricians.

10 Jun 2026
TL;DR

Bitcoin dips below $60,000 as investors favor huge IPOs

Bitcoin tumbled to $61,000 as investors shifted focus to high-profile AI and tech IPOs like SpaceX, fueling fears of a prolonged crypto bear market among analysts.

10 Jun 2026
TL;DR

NHAI starts 2026-27 asset monetization aiming to raise ₹35,000cr

NHAI has initiated its FY27 asset monetisation drive, opening bids for two Tamil Nadu highway stretches under TOT mode, with Epic Concesiones 2 Pvt Ltd emerging as the top bidder.

09 Jun 2026
IDBI Bank

IDBI Bank should be sold in FY27, says report

The strategic divestment of IDBI Bank is now expected to be completed in FY27, government sources have said to Moneycontrol.

09 Jun 2026
Microsoft

Why Microsoft has fired hundreds of Azure employees in China

Microsoft has laid off hundreds of employees in its Azure cloud unit in China.

09 Jun 2026
Bajaj Auto

Why Rajiv Bajaj is stepping down from Bajaj Finserv's board

Rajiv Bajaj, a prominent non-executive director at Bajaj Finserv, has decided to step down from the company's board.

09 Jun 2026
Climate Change

World's biggest banks funneled $906B into fossil fuels last year

The world's biggest banks have pledged a staggering $906 billion in financing to the fossil fuel industry last year, a new report has revealed.

09 Jun 2026
PhonePe

PhonePe, CRED will soon allow rent payment using credit cards

Fintech giants PhonePe and CRED are testing a new model for rent payments through credit cards.

09 Jun 2026
Adani Group

Adani Energy is acquiring smart metering firm IntelliSmart for ₹3,050cr

Adani Energy Solutions Limited (AESL) has announced its plan to acquire IntelliSmart Infrastructure Private Limited for ₹3,050 crore.

09 Jun 2026
Health & Wellness

GSK buys US biopharma company Nuvalent for $10.6B

British pharmaceutical giant GlaxoSmithKline (GSK) has announced its acquisition of US-based biopharmaceutical company Nuvalent for $10.6 billion.

09 Jun 2026
India

DIIs buy ₹4.16L crore worth of equities in 2026

Domestic institutional investors (DIIs) have been on a buying spree in the Indian equity market this year, with their net purchases surpassing ₹4.16 lakh crore in just over five months of 2026.

This FirstCry-promoted company wants to raise ₹1,000cr via IPO

Swara Baby Products, a FirstCry-promoted company that specializes in manufacturing baby and adult diapers as well as feminine hygiene products, is gearing up for an initial public offering (IPO) of up to ₹1,000 crore.

09 Jun 2026
World Bank

India well-positioned to weather global economic slowdown: World Bank

The World Bank has said that India is well-positioned to weather the storm of a slowing global economy.

09 Jun 2026
Alibaba Group

Pentagon blacklists Alibaba, BYD over ties to Chinese military

The Pentagon has added Alibaba, Baidu, and BYD to its list of companies allegedly aiding the Chinese military.

09 Jun 2026
Cryptocurrency

Jailed crypto mogul Sam Bankman-Fried turns to Trump for pardon

Sam Bankman-Fried, the former cryptocurrency mogul who is currently serving a prison term for fraud, has requested a presidential pardon from Donald Trump.

09 Jun 2026
IndiGo

IndiGo shares surge 4% on FY30 growth plans

Shares of InterGlobe Aviation, which operates IndiGo, surged over 4% on Thursday.

09 Jun 2026
CRED

CRED launches new credit and lending app

CRED, a leading player in India's fintech space, has launched a new standalone app called 'Cash by CRED.'

Acko wants to raise $300M via IPO at $2B valuation

Acko, a leading digital insurance provider, is gearing up to file its draft papers for an initial public offering (IPO) worth around $300 million.

09 Jun 2026
Sam Altman

Sam Altman's eye-scanning start-up, Tools for Humanity, is firing workers

Tools for Humanity, the iris-scanning start-up co-founded by Sam Altman, has announced layoffs.

09 Jun 2026
Paytm

Paytm to increase its headcount by 10%

Indian fintech giant Paytm has announced plans to hire around 4,000 employees over the next nine months.

09 Jun 2026
Indian Government

SpiceJet delays pilot salaries as it seeks government-backed loan

SpiceJet has delayed salary payments to many of its pilots since March, as per internal communications reviewed by Reuters.

09 Jun 2026
Europe

At TCS, AI agents could equal humans in 3 years

Tata Sons Chairman N Chandrasekaran has said that Tata Consultancy Services (TCS) could have as many artificial intelligence (AI) agents as human employees in three years.

09 Jun 2026
China

China's exports surge past expectations on booming AI demand

China's exports and imports grew faster than expected in May, driven by a surge in demand for artificial intelligence (AI) hardware.

09 Jun 2026
Anthropic

Perplexity sticks with 2028 IPO plan

Artificial intelligence (AI) start-up Perplexity has confirmed its intention to go public in 2028. This decision comes despite the recent IPO filings from Anthropic and OpenAI.

Zepto founders face ED scrutiny over foreign investments

Quick commerce start-up Zepto has revealed that its co-founders Aadit Palicha and Kaivalya Vohra were summoned by the Enforcement Directorate (ED) earlier this year.

09 Jun 2026
Zepto

Zepto files for $1B IPO

Zepto, a leading player in the quick commerce space, has filed its updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India(SEBI).

09 Jun 2026
Infosys

Infosys delays hiring tests for 20,000 candidates over cheating concerns

Infosys, a leading IT services company, has suspended online and in-person assessments for over 20,000 job seekers.

09 Jun 2026
Anthropic

OpenAI files for IPO

OpenAI, the artificial intelligence (AI) giant behind ChatGPT, has confidentially filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC).

08 Jun 2026
Meta

Why Meta has taken legal action against NSO Group

Meta has filed a contempt filing against Israeli spyware firm NSO Group for violating a permanent injunction that prohibits it from targeting WhatsApp and its users.

08 Jun 2026
McDonald's

AI is now taking orders at McDonald's drive-thru restaurants

McDonald's is testing a new artificial intelligence (AI)-driven drive-thru order-taking system, ArchIQ.

You can soon invest in corporate bond-index derivatives in India

The Securities and Exchange Board of India (SEBI) is working with the Reserve Bank of India (RBI) to introduce derivatives linked to corporate bond indices.

08 Jun 2026
Climate Change

Aviation industry unlikely to meet net-zero emissions goal by 2050

The aviation industry, which pledged to achieve net-zero carbon emissions by 2050, is now doubting its ability to meet this target.

08 Jun 2026
Reserve Bank Of India (RBI)

RBI measures may draw foreign investments worth $50-60B in India

ICICI Securities has projected that India could see an influx of $50-60 billion in foreign investments in the coming months.

08 Jun 2026
Europe

TCS wins multi-million euro deal from Canada Life

Tata Consultancy Services (TCS) has won a multi-year, multi-million euro contract from Canada Life, one of the world's leading life and pensions insurers.

08 Jun 2026
Ashwini Vaishnaw

Indian Railways to launch new ticket reservation system from August

Indian Railways is gearing up for a major upgrade of its Passenger Reservation System (PRS) from August.

08 Jun 2026
Mutual Funds

SEBI weighs reforms to stockbroking, IPO, and research analyst norms

The Securities and Exchange Board of India (SEBI) is considering a host of reforms to improve market efficiency.

08 Jun 2026
China

Kimi maker Moonshot AI eyes $30B valuation in latest round

Moonshot AI, the company behind the Kimi chatbot, is in talks to raise up to $2 billion. The funding would increase its valuation to a whopping $30 billion.

08 Jun 2026
Indian Economy

At $122B, engineering goods become India's top export category

India's engineering sector has become the country's largest merchandise export segment, accounting for over 25% of total goods exports.

08 Jun 2026
HDFC Bank

HDFC Bank delays CEO reappointment decision amid legal review

HDFC Bank's board is delaying the decision on CEO Sashidhar Jagdishan's reappointment.

08 Jun 2026
OpenAI

Walmart tells employees AI will assist, not replace them

Walmart, the world's largest retailer, has assured its employees that artificial intelligence (AI) is here to assist them in their work rather than replace them.

You can now withdraw entire PF balance in emergency situations

The Employees' Provident Fund Organisation (EPFO) has introduced a major change in its rules, allowing members to withdraw their entire provident fund (PF) balance under certain special circumstances.

CMR Green IPO allotment today: How to check status online

CMR Green Technologies' initial public offering (IPO) has attracted strong investor interest.

08 Jun 2026
Central Government

8th Pay Commission delay could lead to arrears worth lakhs

The implementation of the 8th Pay Commission, which was originally due on January 1, 2026, has been delayed.

Rajesh Exports shares hit lower circuit for 3rd consecutive day

Rajesh Exports' stock has hit its lower circuit limit for the third straight trading session.

Carlsberg wants to raise $700M via IPO in India

Danish brewer Carlsberg A/S is gearing up to file draft papers for an initial public offering (IPO) of its Indian unit, possibly this month.

08 Jun 2026
Adani Ports

Adani Ports makes South America debut with $70M contract

Adani Ports and Special Economic Zone (APSEZ) has won a 10-year marine services contract for Argentina's first liquefied natural gas (LNG) export project.

08 Jun 2026
Madhya Pradesh

Sensodyne maker setting up manufacturing plant in India for ₹2,000cr

Haleon, the company behind popular sensitivity toothpaste Sensodyne, has announced its plan to invest £175 million (approximately ₹2,000 crore) in a new manufacturing facility in India, as per Mint.

08 Jun 2026
India

India seeks inclusion in Bloomberg's global bond index

India is set to reapply for inclusion in major global bond indices, including the Bloomberg Global Aggregate Index.

08 Jun 2026
Fitch Ratings

Oil market will see oversupply after Hormuz reopening: Fitch Ratings

Fitch Ratings has predicted that the global oil market will return to oversupply after the reopening of the Strait of Hormuz.

08 Jun 2026
Russia

'Make in Russia for India' model pitched for fertilizer JVs

India's Ambassador to Moscow, Vinay Kumar, has pitched the 'Making in Russia for India' model.

08 Jun 2026
Indian Government

Will Rajesh Exports be dropped from Modi government's PLI scheme?

The Ministry of Heavy Industries (MHI) is considering removing Rajesh Exports from its production-linked incentive (PLI) scheme for advanced chemistry cell (ACC) battery storage.

Why Curefoods has delayed its ₹800cr IPO plan

Curefoods, a leading cloud kitchen platform, has decided to delay its ₹800 crore initial public offering (IPO) plan.

08 Jun 2026
Piyush Goyal

India will tackle Trump's Section 301 tariffs, says Piyush Goyal

Commerce and Industry Minister Piyush Goyal has downplayed concerns over the proposed 12.5% tariffs by the Trump administration on India and 53 other countries.

08 Jun 2026
Federal Reserve

Why Nifty IT is down over 8% in 4 sessions

The Nifty IT index has witnessed a major slump, declining by 1.8% to 28,500 in morning trade today.

08 Jun 2026
State Bank of India (SBI)

Why ATMs in small towns, cities are running dry

The Confederation of ATM Industry (CATMi) has warned that ATMs in tier 2 and tier 3 cities are facing severe cash shortages.

08 Jun 2026
IndiGo

IndiGo unveils 2030 vision with 550-aircraft fleet

IndiGo parent InterGlobe Aviation Ltd has announced an ambitious growth strategy aimed at making it a key player in the global aviation sector by 2030.

08 Jun 2026
Federal Reserve

Why gold and silver prices are falling today

Gold and silver prices have witnessed a decline in international markets today.

08 Jun 2026
Iran

Airline profits to plunge 50% amid rising fuel costs

The International Air Transport Association (IATA) has revised its profit forecast for the global airline industry, predicting a sharp decline in profitability by 2026.

08 Jun 2026
Iran

Sensex plunges over 750 points, Nifty50 falls below 23,150

India's benchmark indices, the Sensex and Nifty, opened sharply lower on Monday.

08 Jun 2026
Bitcoin

SpaceX IPO: How Indian investors can participate

Elon Musk's space exploration firm, SpaceX, is gearing up for its initial public offering (IPO).