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Adani Ports plans up to $100 million AI investment with Kaleris
Adani Ports partners with Kaleris, committing up to $100 million to deploy AI-powered systems across 15 terminals, boosting efficiency and supporting ambitious growth goals.
European Parliament to vote June 16 on US tariff deal
The European Parliament is poised to approve a landmark tariff agreement with the U.S., aiming to stabilize transatlantic trade relations after prolonged negotiations and delays.
RBI opens 12 young professional roles in Mumbai paying ₹1.5L/month
The Reserve Bank of India seeks young professionals for 12 contractual positions in Mumbai, offering a ₹1.5 lakh monthly stipend with a three-year initial tenure.
Sify Infinit pauses $4.2bn IPO amid market weakness in India
Sify Infinit Spaces Ltd. has paused its $391 million IPO plans due to weak Indian stock market conditions, seeking a potential valuation of up to $4.2 billion.
Michael Dell donates $750 million for new UT Austin campus
Michael Dell has donated $750 million to the University of Texas at Austin, funding a new AI-focused healthcare campus and surpassing $1 billion in total contributions.
Bitcoin holds near $66,000 as altcoins show mixed daily moves
Bitcoin trades at $65,843, supported by whale accumulation and institutional buying. Improved risk sentiment following the U.S.–Iran peace deal bolsters crypto market recovery.
TransUnion report: India's digital fraud rate 7.1% in 2025
India's suspected digital fraud rate reached 7.1% in 2025, nearly double the global average, driven by sophisticated identity-based attacks targeting existing user accounts.
KPMG withdraws AI report after AI generated case studies revealed
KPMG faces backlash after retracting a global AI report containing fabricated case studies and inaccuracies, flagged by GPTZero and verified by the *Financial Times*.
Florida sues TikTok over child safety law violations
Florida's Attorney General James Uthmeier has filed a lawsuit against TikTok, alleging violation of the state's child safety law.
BlackRock cuts about 200 jobs in 4th round of layoffs
BlackRock, the world's largest asset manager, is cutting nearly 200 jobs—less than 1% of its workforce—as part of ongoing restructuring despite its rapid growth and acquisitions.
Bengaluru startup HomeLane plans IPO within 12 to 24 months
HomeLane, an Indian home interiors platform backed by Peak XV Partners, plans to go public within two years to fund expansion into new cities and adjacent furnishing categories.
HCLTech buys 10.46% stake in Sarvam AI for ₹1,427cr
HCLTech invests ₹1,427 crore in Sarvam AI for a 10.46% stake, while Nvidia plans a $25 billion bond sale. TCS faces a legal setback as SpaceX's valuation soars.
Japan raises interest rate to 31-year high
The Bank of Japan has raised its policy rate to 1%, the highest in 31 years.
BiteSpeed and Razorpay launch AI toolkit combining engagement and payments
BiteSpeed teams up with Razorpay to launch a unified AI-powered conversion and retention stack, enabling seamless cross-channel journeys for India's leading D2C brands.
Axis Max Life Insurance posts 99.8% death claim payout
Axis Max Life achieved its highest-ever individual death claims paid ratio of 99.8%* in FY26, settling 20,529 claims worth ₹1641 Cr., showcasing unparalleled customer trust.
Musk's net worth hits record $1.3 trillion
Elon Musk's net worth has skyrocketed to a record-breaking $1.3 trillion after SpaceX shares surged nearly 20% in the company's first full trading session post its blockbuster initial public offering (IPO).
HCLTech buys 10.5% stake in Sarvam AI for sovereign AI
HCLTech's 10.5% stake in Sarvam AI marks its entry into India's $20 billion enterprise AI market, aiming to develop sovereign AI models and expand globally with tailored solutions.
Vinod Khosla warns AI could end India's IT services industry
Venture capitalist Vinod Khosla warns India’s IT giants that AI could disrupt their outsourcing model, urging a shift toward building and deploying AI systems at scale.
Nothing partners with IIT Roorkee and IISc for deep tech
London-based tech company Nothing has signed MoUs with IIT Roorkee and IISc to foster deep-tech innovation, startup growth, and technology design in India.
Nikkei breaks 70,000 after Bank of Japan raises key rate
Japan's Nikkei index hit a record 70,000 after the Bank of Japan raised interest rates to 1%, signaling cautious policy tightening and boosting confidence in economic resilience.
Goldman, Morgan Stanley lower oil price forecasts after U.S.-Iran deal
Morgan Stanley and Goldman Sachs lowered crude price predictions, citing the US-Iran interim deal to reopen the Strait of Hormuz and boost Persian Gulf exports.
Adani Green Energy activates 1.37 GWh BESS at Khavda Gujarat
Adani Green Energy Ltd has operationalised 1.37 GWh of battery energy storage at its Khavda renewable plant, aiming to enhance reliability and meet peak power demand efficiently.
Sterlite Technologies stock up 500% as AI boosts demand
Sterlite Technologies, backed by Anil Agarwal's Vedanta, skyrocketed 500% in 2026, driven by soaring demand for optical fibre amid the global AI connectivity boom.
Reserve Bank of Australia holds cash rate at 4.35% today
The Reserve Bank kept the cash rate at 4.35% as economic growth slowed to 0.3% in Q1 2026, while unemployment climbed to a four-year high of 4.5%.
Devyani International and Sapphire Foods shares jump 7% after BSE
Shares of Devyani International and Sapphire Foods rose up to 7% after BSE issued an observation letter, allowing the companies to proceed with their proposed merger plans.
ED arrests Masoom Juneja on money laundering in ₹500cr scam
The Enforcement Directorate (ED) conducted raids and arrested Masoom Juneja in connection with a ₹500-crore cryptocurrency scam that defrauded over 2.48 lakh investors.
China becomes world's 1st 'swing importer' during 2026 Iran conflict
China's emergence as the world's first oil "swing importer" during the Iran conflict showcases its ability to stabilize global oil prices and reshape energy market dynamics.
Elon Musk's SpaceX and Tesla top Apple at $4.4 trillion
Elon Musk's SpaceX and Tesla have reached a combined market capitalization of $4.4 trillion, surpassing Apple's valuation and rivaling Alphabet, according to The Kobeissi Letter.
China's retail sales fall for 1st time since 2022
China's retail sales have witnessed a decline for the first time in over three years.
SpaceX is sharing financial results directly on website and X
SpaceX announced it will share quarterly and annual financial results exclusively via its website and X platform, departing from traditional newswire distribution practices.
India updates WPI base to 2022-23, expands to 957 items
India unveiled a revamped Wholesale Price Index with 2022-23 as the base year and launched Producer Price Indices, marking a shift toward global standards.
Sarvam raises $234 million led by HCLTech, hits $1.5B valuation
Sarvam AI, India's sovereign AI unicorn, focuses on agentic AI solutions while rapidly scaling enterprise offerings after raising $234M in Series B funding.
Zerodha, Groww, Angel One, Upstox win GIFT City trading approval
Zerodha, Groww, Angel One, and Upstox have received approval from IFSCA to enable international stock investing via GIFT City, with launches expected within three months.
SolarSquare raises $53 million led by B Capital, surpasses $100 million
SolarSquare, India's largest residential rooftop solar company, raised $53 million in a Series C round led by B Capital, bringing its total funding to over $100 million.
SpaceX IPO sparks 43% 2 day rally, company valued $2.5tn
SpaceX shares surged 20%, pushing its market cap to $2.5 trillion, as retail investors played a significant role in the blockbuster IPO with strong global demand.
Oil edges up on U.S.-Iran tensions while silver jumps 3%
Crude oil prices rebounded on June 16 as traders assessed US-Iran tensions, while gold steadied after a recent rally, awaiting clarity on geopolitical developments.
AIDE Institute study: AI hiring favors senior roles, squeezes graduates
Despite booming AI adoption, 71% of roles target senior professionals, leaving fresh graduates struggling as companies prioritize experienced talent and AI-ready skills.
Elon Musk's net worth reaches $1.3 trillion after SpaceX IPO
Elon Musk’s net worth soared by $165 billion in a day, reaching an unprecedented $1.3 trillion, as SpaceX shares surged nearly 20% after its blockbuster IPO debut.
Indian EV makers face rising memory costs pressuring EV prices
India's electric vehicle industry faces rising input costs as surging global demand for memory components, driven by AI data centers, creates supply shortages and price hikes.
BOJ to raise key rate to 1% without Kazuo Ueda
The Bank of Japan is poised to raise interest rates to 1%, the highest in 31 years, as it aligns with global tightening trends amid inflationary pressures.
Maharashtra expands green data center policy statewide, targets 30-40 GW
Maharashtra has expanded its green data centre policy statewide, increasing eligible projects from 3 to 20 and introducing incentives to boost digital infrastructure investments.
Morgan Stanley lets AI agents manage corporate stock plans securely
Morgan Stanley becomes the first major Wall Street bank to grant external AI agents direct access to its wealth management platforms, revolutionizing client interactions.
Gold barely moves as markets await U.S.-Iran peace deal details
Gold prices remained stable after a recent surge, as markets awaited clarity on the preliminary U.S.-Iran peace agreement and Federal Reserve policy updates.
US Iran agreement to reopen Hormuz Strait lifts Asian markets
Asian equities rose slightly amid optimism from the US-Iran deal reopening the Strait of Hormuz, while investors awaited key rate decisions from the RBA and BOJ this week.
Schneider Electric Infrastructure stock jumps 10% on Foxconn AI news
Schneider Electric Infrastructure shares surged 10% after its French parent announced a partnership with Foxconn to deliver solutions for building and operating AI infrastructure.
Navneet Govil exits SoftBank Vision Fund amid artificial intelligence focus
Navneet Govil, CFO of SoftBank's Vision Fund, is leaving after a decade as the company restructures and shifts its investment focus toward AI-driven opportunities.
Indian venture capital backs more US AI startups for returns
Indian venture capital firms are increasingly investing in US-based AI startups, citing limited innovative opportunities in India and the potential for higher returns abroad.
YourNest closes ₹400cr Continuum Fund I with HDFC AMC
YourNest Venture Capital has launched a Rs 400 crore continuation fund, anchored by HDFC AMC, to support seven top-performing deeptech startups like Miko and Exponent Energy.
SoftBank KKR and others sold nearly 18,000cr in Indian startups
Global investors like SoftBank and KKR have sold shares worth nearly Rs 18,000 crore in new-age Indian startups post-IPO lock-in expiry, leveraging staggered exit strategies.
Wipro's Sandhya Arun says firms should treat AI as colleague
Indian enterprises are accelerating AI adoption, delivering measurable returns, but legacy infrastructure and data readiness remain significant hurdles, industry leaders reveal.
Insurers adopt AI and automation amid skilled worker shortage
Insurers are leveraging AI to address a talent shortage, enabling automation in claims processing, underwriting, and onboarding without reducing workforce headcount.
ED freezes ₹18.4cr in 129 accounts over fake trading apps
The Enforcement Directorate has frozen ₹18.4 crore across 129 bank accounts during a money-laundering probe into an online investment fraud involving fake stock market schemes.
Avendus Capital foresees REITs and InvITs topping ₹20trn by 2030
Reits and InvITs in India are set to double their assets under management to ₹20 trillion by 2030, driven by increased domestic institutional investments and new asset classes.
United Airlines tests Eurobusiness-style blocked middle seats on A321XLR
United Airlines is considering a Eurobusiness-style economy layout with blocked middle seats on its Airbus A321XLRs, offering passengers extra space and comfort.
Sitharaman announces capital gains tax exemption for foreign portfolio investors
Finance Minister Nirmala Sitharaman announced plans for additional steps to attract foreign capital, following recent tax relief and regulatory initiatives.
CBI probes Ujwal Electric Motors over alleged ₹20cr SIDBI fraud
The CBI has registered a case against Ujwal Electric Motors Pvt Ltd and others for allegedly diverting a ₹20-crore loan from SIDBI, causing significant financial losses.
India raises windfall tax on diesel exports ₹14, ATF ₹12.5
The government increased the windfall tax on diesel exports to ₹14/litre from ₹13.5/litre, effective June 16, aiming to boost domestic fuel availability amid global tensions.
Oil prices steady near $81 ahead of Hormuz pact signing
Oil prices stabilized near their lowest levels since March as optimism grew over a potential US-Iran deal to reopen the critical Strait of Hormuz.
Strong investor demand lifts SpaceX's record-breaking IPO proceeds to $86B
SpaceX, Elon Musk's rocket, AI and internet conglomerate, has raised a record-breaking $85.7 billion through its initial public offering (IPO).
Fox strikes $22B deal to acquire streaming giant Roku
Media giant Fox has announced its acquisition of streaming company Roku in a deal worth $22 billion.
ONGC Videsh to restart San Cristobal and Petrocarabobo in Venezuela
ONGC Videsh Ltd (OVL) plans to restart operations in Venezuela as the country opens its oil sector to greater foreign participation under a new legal framework.
India's top telcos oppose TRAI's standalone voice SMS plans
Reliance Jio, Airtel, and Vodafone Idea oppose Trai's proposal for affordable voice and SMS-only plans, citing technical and economic concerns.
Goldman Sachs cuts India's 2026 current account deficit to 1.3%
Goldman Sachs has lowered India's 2026 current account deficit forecast to 1.3% of GDP, citing stronger remittances, robust services exports, and reduced oil imports.
SpaceX IPO raises $85.7B on June 12, surpassing $75B plan
SpaceX's historic IPO raised $85.7bn, $10bn more than initially reported, as underwriters exercised a greenshoe option to meet overwhelming investor demand.
Proterial to invest ₹2,250cr in NdFeB magnet plant Andhra Pradesh
Japan's Proterial will invest ₹2,250 crore in Andhra Pradesh to establish a rare earth magnet plant, boosting India's local manufacturing and reducing reliance on Chinese imports.
India's engineering exports rise 24.48% to $12.31 billion in May
India’s engineering exports soared 24.5% in May 2026 to $12.31 billion, showcasing resilience amid geopolitical tensions and supply-chain disruptions, according to EEPC India.
Amazon and Meta dial back AI after $7,500 per-employee costs
CEOs are rethinking their AI strategies as spiraling token costs, averaging $7,500 per employee monthly, force businesses to impose usage caps and scale back adoption.
India posts current account surplus of $4.7B in April
India recorded a current account surplus of $4.7 billion in April 2026, according to preliminary data released by the Reserve Bank of India (RBI) today.
Sarvam AI turns unicorn after raising $234M at $1.5B
Bengaluru-based artificial intelligence (AI) start-up Sarvam AI has become the latest entrant in India's unicorn club.
Use E20 fuel? Your vehicle insurance claim might be denied
ICICI Lombard General Insurance has warned that insurance claims for fuel-related damages could be rejected in certain cases.
Indian economy facing challenges, could impact growth: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has warned that the Indian economy is facing several challenges, including tariff shocks and supply chain disruptions.
Kazakhstan's new $10B AI deal is supported by NVIDIA
Kazakhstan has signed a series of agreements with US-based start-up Firebird Inc. to develop artificial intelligence (AI) infrastructure.
India's unemployment rate rises to 5.5% in May
India's unemployment rate has increased to 5.5% in May, up from April's 5.2%, government data released on Monday showed.
Asset management stocks surge after Sitharaman hints at more reforms
Shares of capital market-focused companies witnessed a major rally on Monday.
Reliance AGM on June 19: What to expect
Reliance Industries Limited (RIL) will hold its 49th Annual General Meeting (AGM) on June 19, at 2:00pm IST.
Vedanta eyes US relisting as it targets $100B India expansion
Anil Agarwal, the metals magnate, has announced plans to relist his holding company Vedanta Resources, possibly in the US.
India's trade deficit in May goes slightly down to $28.21B
India's merchandise trade deficit remained stable in May, despite an increase in both exports and imports, according to government data released today.
HDFC Bank is now searching for a new CFO
HDFC Bank has begun the search for a new Chief Financial Officer (CFO), as per Moneycontrol.
Why Indian pharma industry is relieved after US-Iran deal
The Indian pharmaceutical industry is looking at ways to stabilize its supply chain after the US and Iran reached a preliminary peace agreement.
Australia's richest person invests $1.4B in Elon Musk's SpaceX
Australia's richest person Gina Rinehart has made a major investment in Elon Musk's SpaceX.
Is the UK headed for deindustrialization?
UK's industrial sector is on the brink of collapse, with thousands of companies warning they could go bankrupt in the next year due to high energy prices.
Indian economy facing challenges, could impact growth: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has warned that the Indian economy is facing several challenges, including tariff shocks and supply chain disruptions.
Musk says becoming world's first quadrillionaire is 'not impossible'
Elon Musk, the CEO of SpaceX, has said that becoming the world's first quadrillionaire is "not impossible."
These Indian stocks could benefit from US-Iran peace deal
The recent peace agreement between the United States and Iran has sparked a major rally in India's benchmark indices, Sensex and Nifty 50.
Musk predicts $1 trillion revenue for SpaceX by 2030
Elon Musk has predicted that SpaceX could generate an annual revenue of around $1 trillion by 2030.
IndiGo shares up 10% in 2 days: Should you buy?
InterGlobe Aviation, the parent company of IndiGo, has witnessed a significant surge in its share price.
India's commercial vehicle stocks up 9% after US-Iran peace deal
Shares of commercial vehicle (CV) manufacturers such as Ashok Leyland, Tata Motors, Force Motors, Eicher Motors and SML Mahindra surged up to 9% today.
Trump threatens to impose 100% tariff on French wines
US President Donald Trump has threatened to impose a 100% tariff on French wines if France does not remove its digital tax on American tech giants.
India's 10-year bond yield hits 3-month low: What's the reason?
India's benchmark 10-year government bond yield fell to its lowest level since March 25 today.
Investing in Indian stocks is now easier for overseas investors
The Indian government has amended its foreign investment rules, allowing all individual Persons Resident Outside India (PROIs) to invest in shares of listed Indian companies through the Portfolio Investment Scheme (PIS).
Bitcoin prices hit 2-week high today: What's the reason?
Bitcoin, the world's largest cryptocurrency, has surged to its highest level in nearly two weeks.
INR jumps to highest level since May 8 at 94.68/$
The Indian rupee opened 43p stronger at ₹94.68 against the US dollars today.
BBC to lay off hundreds of employees
The British Broadcasting Corporation (BBC) is preparing to lay off hundreds of employees from its main news operation next week, according to Financial Times.
India's wholesale inflation jumps to 9.68% in May
India's wholesale inflation for May stood at a staggering 9.68%, according to a new series introduced by the government.
Rajesh Exports surges 5%, ending 7-day losing streak
Shares of Rajesh Exports witnessed a recovery on Monday, hitting the upper circuit limit of 5% at ₹80.23.
Four new Vedanta stocks debut on Dalal Street after demerger
Shares of four Vedanta Group companies—Vedanta Aluminium, Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel—made their debut on the Indian stock market today.
Razorpay files for ₹5,700cr IPO
Razorpay, a leading player in the fintech sector, has taken a major step toward its public market debut.
Gold, silver prices jump 4% as US-Iran reach peace deal
Gold and silver prices witnessed a spike today after the US and Iran reached a deal to end their ongoing conflict.
SpaceX may generate $1 trillion per year by 2030: Musk
Elon Musk has predicted that SpaceX could rake in annual revenues of around $1 trillion by 2030.
Sensex gains over 1,100 points on US-Iran peace deal
Indian stock markets witnessed a major surge in early trade on Monday, with the Sensex gaining over 1,100 points and the Nifty nearing the 24,000 mark.
Oil prices crash 5% on US-Iran peace deal
Oil prices witnessed a sharp decline on Monday, following President Donald Trump's announcement of a US-Iran agreement to end the naval blockade in West Asia.
Air New Zealand might soon offer direct flights to India
Air New Zealand is considering the feasibility of launching direct flights to Indian cities.