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Honasa posts Q4 FY26 profit ₹69.4 cr, revenue ₹657 cr
Honasa Consumer, Mamaearth's parent, reported a Rs 69.4 crore profit on Rs 657 crore revenue in Q4 FY26, marking a 23% growth in scale compared to Q4 FY25.
ITC Q4 profit rises 5% to ₹5,113cr on cigarette gains
ITC Ltd reported a 5% rise in standalone net profit to Rs 5,113 crore for Q4 FY26, driven by cigarette price hikes. The firm declared a final dividend of Rs 8 per share.
Sensex down 135 points as Reliance, Infosys saw profit booking
Sensex dropped 135 points to 75,183.36, while Nifty 50 stayed above 23,650. Mid and small-cap stocks outperformed as crude oil prices rose and US-Iran tensions persisted.
Aaron Rudder, Patrick Gruhn launch UpsideOnly to train BayesShield AI
Former FTX executives have launched UpsideOnly, an AI-powered trading platform combining human insights and machine learning to reward users without risking real money.
London-based Fresha raises $80 million from KKR, passes $1B valuation
Fresha, a London-based beauty and wellness booking platform, secured $80 million from KKR, pushing its valuation past $1 billion as it scales globally with AI-driven growth.
Snabbit launches salon at home bookings in under 15 minutes
Snabbit, after piloting home cooks, has launched salon-at-home services in Bengaluru, completing 2,000 jobs with an average response time of under 15 minutes.
Nykaa parent FSN E-Commerce Ventures posts 286% Q4 profit jump
Nykaa reported a 286% YoY surge in Q4FY26 consolidated net profit to Rs 78 crore, with revenue from operations rising 28% to Rs 2,648 crore.
AI prompts Indian firms to cut then shift to contracts
Indian companies are embracing contract hiring as AI automation reshapes workforce strategies, with rising demand for specialized tech talent.
Tata Trusts to ask N Chandrasekaran for 3-year turnaround strategy
Tata Trusts have reportedly requested Tata Sons Chairman N Chandrasekaran to present a three-year roadmap addressing loss reduction and profitability timelines for key ventures.
N A Soonawala warns Tata Sons IPO could harm philanthropy
Former Tata Sons vice chairman N A Soonawala cautions that listing Tata Sons could disrupt its unique governance model and dilute its philanthropic mission.
Uttar Pradesh courts Apple and partners to boost electronics manufacturing
Uttar Pradesh is engaging with Apple and its partners to attract investments in electronics manufacturing, while focusing on components and semiconductors through new policies.
Lava International to invest ₹1,100cr in India smartphone parts manufacturing
Lava International plans to invest ₹1,100 crore over five years to expand its presence in the electronics components ecosystem, focusing on locally sourced production.
NVIDIA shares rise on $91B forecast $80B buyback $0.25 dividend
Nvidia shares rose 1.30% in pre-market trading as CEO Jensen Huang assured investors of sustained growth, unveiling new products and a $1 trillion sales forecast for AI chips.
Amazon India to add 100+ premium beauty brands in 2026
Amazon India is set to add over 100 premium beauty brands, including Dolce & Gabbana and Urban Decay, as it experiences 50% year-on-year growth in the segment.
What Meta is offering thousands of laid-off employees
Meta Platforms has started laying off around 8,000 employees globally. The move is part of a larger organizational restructuring aimed at improving efficiency and reallocating resources.
Uber and JSW Group to introduce India-focused EVs for ride-hailing
Uber and JSW Group have partnered to accelerate electric vehicle deployment in India's ride-hailing market, aiming to boost EV adoption and enhance sustainable mobility nationwide.
ITC Q4 FY2026 profit down 72% YoY, sequential rise 9%
ITC reported a 72.4% YoY drop in consolidated profit to ₹5,469.74 crore in Q4FY26, primarily due to a one-time gain in the previous year from its hotels demerger.
SpaceX and OpenAI plan IPOs as Anthropic nears profit
Three AI giants—SpaceX, Anthropic, and OpenAI—are accelerating toward IPOs, marking a pivotal moment in the AI boom as they redefine industry expectations and investor enthusiasm.
ExportAI expected approval from Export-Import Bank to protect AI lead
The Trump administration plans to enhance U.S. AI exports with EXIM financing, aiming to outpace China in global AI leadership, according to a document seen by Reuters.
SpiceJet faces fresh legal trouble, lessor seeks $8M dues enforcement
Cash-strapped airline SpiceJet is facing another legal challenge.
SpaceXAI is hiring! Musk says no prior AI experience needed
Elon Musk's SpaceX is on a new hiring spree for its artificial intelligence (AI) division, dubbed "SpaceXAI."
Zepto targets ₹11,000cr IPO in July 2026 after SEBI nod
Quick commerce platform Zepto aims to launch its ₹11,000-crore initial public offering (IPO) by July 2026, following regulatory approval and a focus on dense urban markets.
What drove India's wholesale inflation to a 42-month high
India's wholesale inflation has hit a 42-month high, soaring to 8.3% in April from March's 3.88%.
Indian rupee hits 95 in 5 months, fastest since 2013
The Indian rupee has depreciated from 90 to 95 against the dollar in just five months, marking its fastest Rs 5 decline in over a decade.
L&T launches India's largest ICSTI campus in Vadnagar Gujarat
Larsen & Toubro (L&T) inaugurated India's largest skill training institute in Vadnagar, offering world-class facilities and industry-relevant courses to enhance employability.
Amagi Media Labs lands 1st AI customer amid streaming boom
Amagi Media Labs is leveraging AI for its next growth phase while eyeing India as a key market, driven by rising cloud adoption and increasing streaming consumption.
JPMorgan to hire more AI specialists, fewer bankers
Jamie Dimon, the CEO of JPMorgan Chase, has announced that the company will be hiring more artificial intelligence (AI) specialists. This comes as a shift from traditional banking roles.
Sundaram Alternates closes India's 1st ₹2,500cr-plus ESG real-estate credit fund
Sundaram Alternates has closed India’s first ESG-aligned real estate credit fund at Rs 2,500 crore, surpassing its initial target of Rs 1,500 crore within seven months.
WeWork India quarterly revenue up 29% to ₹696cr, profits ₹66cr
WeWork India recorded Rs 696 crore in revenue for Q4 FY26, marking a 29.1% year-on-year growth, while profits surged by 80% to Rs 66 crore.
Piyush Goyal: US trade team may visit India June 2026
Union Minister Piyush Goyal revealed that a US trade delegation is expected to visit India next month for discussions, though the chief negotiator may not accompany them.
WeWork India shares jump 20% to ₹585 after Q4 FY2026
WeWork India shares soared 20% to ₹585 on strong Q4FY26 results, with revenue rising 28.6% YoY and PAT surging 141.9%, marking robust financial performance.
RBI considers interest rate hike to stabilize rupee
The Reserve Bank of India (RBI) is weighing all possible measures to stabilize the Indian rupee, including an interest rate hike and currency swaps.
Shiprocket launches appointment based delivery for small sellers to marketplaces
Shiprocket introduces Appointment-Based Delivery, enabling MSMEs and D2C brands to schedule bulk shipments with 98% on-time adherence, reducing logistics costs by up to 27%.
RBI considers rate hike as rupee hits new low
The Reserve Bank of India (RBI) is exploring various measures to stabilize the rupee, including an interest rate hike.
India IPO market set for revival in second half: Citigroup
Citigroup has predicted a revival in India's initial public offering (IPO) market in the second half of 2026.
India's gold demand drops over half amid 15% customs duty
Gold demand in India has plunged over 50% as soaring prices, higher import duties, and Prime Minister Modi's appeal to curb non-essential purchases reshape consumer behavior.
Bosch Conversations Pune highlights AI, data and sustainability for manufacturing
India's manufacturing sector is shifting from basic digitization to intelligent, connected systems, leveraging AI and smart technologies for operational excellence.
easyJet says summer bookings down amid U.S.-Israel conflict with Iran
EasyJet reports a decline in summer holiday bookings compared to last year, citing consumer hesitation amid the ongoing US-Israel conflict with Iran and elevated fuel costs.
DPIIT plans BHASKAR upgrade into National Startup Master Data framework
The DPIIT is revamping the BHASKAR platform to unify fragmented startup-related systems, creating a centralized "National Startup Master Data" registry.
India works to manage rising CAD after $13.2 billion quarter
India is monitoring external sector trends and exploring interventions to prevent a sharp rise in the current account deficit, Commerce Minister Piyush Goyal stated on Thursday.
Giva set to raise ₹270 cr debt from BlackSoil Capital
Giva, an omnichannel jewelry brand, is raising Rs 270 crore ($28 million) through a multi-tranche debt round led by BlackSoil Capital and other prominent investors.
Nikkei 225 rises 3.14% on tech, Iran peace progress
Japan's Nikkei surged 3.14%, its largest gain in two weeks, driven by Nvidia's upbeat forecast, easing Iran tensions, and SoftBank's rally amid AI and semiconductor enthusiasm.
350 jobs at risk in Ireland as Meta plans layoffs
Meta, the parent company of Facebook, Instagram, and WhatsApp, has announced plans to cut about 10% of its workforce.
China's stricter export rules strain India's electronics supply chains
Indian electronics manufacturers face disruptions as China's new export restrictions on critical machinery and components threaten supply chain stability and expansion plans.
Meta staffer launches '520 FM' AI radio after 8,000 layoffs
A Meta employee created an internal AI-powered radio station featuring songs about layoffs and workplace anxiety, offering colleagues a creative coping mechanism.
South Korea's KOSPI surges 8.4% after Samsung Electronics labor deal
South Korean shares soared 8% Thursday, driven by Samsung Electronics hitting a record high after a labor agreement averted a strike, easing economic and chip supply concerns.
Antonio Gracias could receive $128B if SpaceX IPO hits $2T
Antonio Gracias, founder of Valor Equity Partners and a key Musk ally, holds a 7.3% stake in SpaceX. A $2 trillion valuation could net him $128 billion.
Goldman CEO Solomon dmed Musk over $75bn SpaceX IPO lead
Goldman Sachs CEO David Solomon directly messaged Elon Musk on X, vying to secure the lead role in SpaceX's highly anticipated $75 billion IPO.
Sunbird France asks Delhi HC to recover 70cr from SpiceJet
Sunbird France has approached the Delhi High Court to enforce a UK court judgment directing SpiceJet to pay ₹70 crore in unpaid engine lease rentals and maintenance charges.
Indian-origin Microsoft veteran Soma Somasegar (59) dies
Soma Somasegar, a highly respected Indian-origin technology executive and former Microsoft executive, has died at the age of 59.
Jubilant Foodworks shares fall over 8% despite ₹79.79 cr profit
Jubilant Foodworks shares plunged over 8% after Q4 FY26 results revealed rising costs and slower growth, prompting brokerages to lower target prices amid near-term challenges.
RBI mulls rate hike as rupee nears 97 against USD
The Reserve Bank of India is exploring measures, including an interest rate hike and dollar-raising schemes, to counter the rupee's sharp depreciation against the dollar.
Citi expects India IPO market to rebound later in 2026
India's IPO market is set for a rebound in the year's second half, with Citigroup projecting volumes to surpass 2025 levels despite foreign outflows and economic challenges.
OpenAI could go public by September
OpenAI, the company behind the popular ChatGPT chatbot, is gearing up for an initial public offering (IPO) in the coming weeks, according to The New York Times.
Publishers win $19.5M judgment in piracy lawsuit against shadow library
A coalition of 13 major publishers has won a massive $19.5 million judgment against the controversial shadow library, Anna's Archive.
HCLTech report: nearly 43% of enterprise AI projects may fail
Nearly 43% of enterprise AI projects risk failure as HCLTech highlights leadership struggles to balance rapid adoption with tight timelines for measurable results.
IOC HPCL BPCL combined Q4 FY26 profits ₹19,470cr, annual ₹77,281cr
India's three state-run oil companies posted a combined ₹19,470 crore net profit in Q4 FY26, marking a 40.74% growth despite global energy disruptions caused by the West Asia war.
Solfin raises ₹280cr, profitable 1st year, plans AI expansion
Solfin Sustainable Finance secured ₹280 crore in funding and became profitable within its first full year, focusing on clean-energy financing through a digital-first platform.
India's private sector growth slows in May
India's private sector activity witnessed a slowdown in May, with the HSBC India Composite Purchasing Managers' Index (PMI) easing to 58.1 from April's 58.2.
NVIDIA hits record revenue, announces $80B buyback plan
NVIDIA has reported a record-breaking revenue of $81.6 billion for the quarter ending April 26, marking a 20% increase from the previous quarter.
NVIDIA forecasts $91B Q2 revenue and unveils $80B buyback
Nvidia forecasts $91 billion in Q2 revenue, surpassing estimates, as it targets a $200 billion market with its new Vera chips to sustain AI-driven growth.
Scapia raises $63 million to expand AI features and grow users
Travel fintech startup Scapia secured $63 million in a Series C round led by General Catalyst, aiming to scale its customer base and enhance AI-native product development.
Anthropic on track for 1st-ever profitable quarter
Anthropic, the AI start-up that has been making waves in the industry, is on track to achieve its first-ever profitable quarter, according to The Wall Street Journal.
Federal Reserve proposes Fed-access accounts for fintech and crypto firms
The Federal Reserve's proposed payment account framework for fintech and crypto firms could reshape financial access, sparking debate over risks and regulatory oversight.
Glean CEO Arvind Jain tells Fortune summit AI augments humans
Arvind Jain, IIT Delhi alumnus and CEO of $7.2 billion Glean, asserts that artificial intelligence will augment human work rather than replace employees.
xAI lost $6.4B last year, SpaceX's IPO filing reveals
Elon Musk's artificial intelligence (AI) company, xAI, reported a staggering $6.4 billion operating loss in 2025, according to SpaceX's IPO filings.
Ola Electric stock slips after earnings as revenue falls 57%
Ola Electric's stock fell nearly 6% after reporting narrower net losses but a sharp revenue decline in Q4 FY26, raising questions about its investment potential.
RBI plans rules to restrict phone blocking after EMI default
The Reserve Bank of India has proposed stricter guidelines to safeguard borrowers, including barring banks from immediately blocking financed mobile phones after payment defaults.
India private sector growth slows in May amid rising costs
India's private sector growth slowed in May as the Middle East conflict weakened international demand, while services activity slightly improved, PMI data revealed.
India private sector growth cools in May as PMI slips
India's private sector activity eased to 58.1 in May, down from 58.2 in April, as manufacturing weakened amid prolonged West Asia conflict and global trade uncertainties.
Indian rupee gains 41 paise to 96.45 after Trump comments
The rupee gained 41 paise to 96.45/$ on Thursday, rebounding from its all-time closing low of 96.86/$, amid easing geopolitical tensions and stable crude oil prices.
Musk's SpaceX pay hinges on Mars colonization, space data centers
Elon Musk's compensation package as the CEO of SpaceX is heavily dependent on ambitious space exploration milestones.
Brent, WTI and Indian crude rebound Thursday on supply fears
Crude oil prices rebounded after two days of decline, with Brent crude reaching $105 per barrel amid supply concerns and geopolitical tensions surrounding the US-Iran conflict.
Sammaan Capital stock rises 8.3% despite ₹8,101.4cr Q4 FY2026 loss
Shares of Sammaan Capital jumped 8% despite reporting a Rs 8,101 crore Q4 loss, as investors welcomed its turnaround strategy and improved balance sheet backed by fresh capital.
NVIDIA's Q1 surge lifts Indian AI stocks on $91bn forecast
Shares of Indian AI firms Netweb Technologies and E2E Networks surged up to 4.5% on May 21, following Nvidia's better-than-expected Q1 results and strong revenue forecast.
Intuit to lay off 3,000 employees
Intuit, the financial software giant behind popular products like TurboTax and QuickBooks, is laying off nearly 3,000 employees or about 17% of its global workforce.
Imperagen raises £5 million to accelerate enzyme engineering with AI
Imperagen raised £5 million to revolutionize enzyme engineering using quantum physics simulations, AI models, and automation for faster, cost-effective solutions.
RBI weighs measures to stem rupee near 97 per USD
The Reserve Bank of India is considering measures like interest rate hikes and currency swaps to stabilize the rupee, which recently hit a record low of 97 against the dollar.
Indian markets open higher as smallcaps and midcaps outperform giants
Indian markets opened strong, with Sensex rising 300 points and Nifty crossing 23,750, driven by gains in realty, PSU banks, and smallcaps.
India's 10-year bond yield slips to 7.04% after oil fall
The benchmark 10-year bond yield fell to 7.04% as Brent crude prices dropped, while the rupee rebounded sharply, snapping an eight-day losing streak against the dollar.
Sensex up 560 points to 75,880 as Nifty hits 23,832
Indian stock markets surged as Sensex rose 560 points and Nifty crossed 23,800. Positive investor sentiment, a stronger rupee, and cooling bond yields fueled the uptrend.
SpaceX files for IPO
Elon Musk's space exploration company, SpaceX, has filed for an initial public offering (IPO) in the US.
Airbnb adds airport transfers, baggage storage and grocery delivery
Airbnb is expanding its offerings beyond short-term rentals, introducing luggage storage, car rentals, airport pickups, and boutique hotels to address key travel pain points.
Samsung averts major strike after tentative wage deal
Samsung Electronics' shares surged by as much as 6.5% in morning trade on Thursday.
Indian rupee opens at 96.25 after Donald Trump Iran remark
The Indian rupee gained 61 paise to open at 96.25 against the US dollar after US President Trump signaled progress in peace talks with Iran, easing geopolitical tensions.
India's AI infrastructure edge in Asia-Pacific and Japan, HPE's Negishi
India is poised to lead in AI adoption, leveraging advanced data centres and minimal legacy infrastructure to accelerate its readiness for large-scale deployments.
SpaceX testing Starship Thursday, eyes Mars and NASA lunar rendezvous
SpaceX, founded by Elon Musk in 2002, dominates commercial spaceflight with reusable rockets, Starship development for Mars and Moon missions, and plans for a $75 billion IPO.
Australia's unemployment rises to 4.5% in April after job losses
Australia's unemployment rate rose to 4.5% in April, the highest since 2021, as 18,600 jobs were lost, signaling a cooling labor market and easing pressure on interest rate hikes.
LIC to unveil March quarter results as brokerages expect growth
LIC is set to unveil its March quarter earnings today, with investors anticipating robust premium growth and improved margins driven by a favorable product mix and non-par focus.
Temple joins Zetwerk and Ethereal Machines to scale brain-monitoring patch
Temple, the wearable tech startup by Deepinder Goyal, has partnered with Zetwerk and Ethereal Machines to scale production of its brain-flow monitoring devices.
RBI proposes draft rules easing loan recovery for borrowers
The Reserve Bank of India has introduced draft guidelines to enhance transparency, governance, and borrower protection in loan recovery processes, effective October 1.
SoftBank stock rises 20% on AI wins, up 30% YTD
SoftBank shares soared 20% in Asia, driven by Nvidia's strong results, OpenAI's potential IPO filing, and SB Energy's plans to go public via a confidential route.
Asian stocks rally on U.S.-Iran deal hopes and falling oil
Asian markets soared on Thursday, with Japan's Nikkei 225 up 3.06% and South Korea's Kospi surging 6%, as easing oil prices fueled hopes of a resolution to US-Iran tensions.
OpenAI plans US IPO in September for $1T valuation
OpenAI is reportedly preparing for a confidential US IPO filing, following its court victory against Elon Musk, with plans to go public as early as September.
Elon Musk's SpaceX bonus tied to Mars colony, data centers
Elon Musk’s SpaceX compensation hinges on achieving a $7.5 trillion market cap, establishing a Mars colony, and building space-based data centers.
Gold and silver barely budged amid inflation and U.S.-Iran tensions
Gold and silver prices rose on Thursday amid inflation worries and geopolitical tensions, as easing US–Iran stress tempered rate hike expectations but supported safe-haven demand.
Asian stocks rebound as MSCI rises 2.2% and oil slides
Asian equities rebounded after four days of losses, led by a 5.8% surge in South Korea. Nvidia shares dipped 1.3% despite strong sales forecasts and shareholder rewards.
Samsung averts strike by 48,000 workers, shares surge 6.5%
Samsung Electronics' shares climbed 6.5% after a tentative wage agreement suspended a planned strike, easing investor concerns over potential disruptions to global chip supply.
NVIDIA will split data center revenue to reassure investors
Nvidia is shifting its reporting strategy to emphasize revenue diversification, aiming to reduce perceived dependency on hyperscalers like Meta, Amazon, Google, and Microsoft.
L&T Technology Services opens Engineering Intelligence Centre in Munich
L&T Technology Services has launched an Engineering Intelligence Centre in Munich, focusing on AI-driven product engineering and software-defined mobility for European clients.
Asian stocks rally on U.S.-Iran talks easing Middle East worries
Asian stocks rebounded as optimism grew over US-Iran negotiations, fueled by President Trump's comments on a potential deal, while crude oil prices and bond yields eased.
Brent $105.83 WTI $99.23 after Iran restricts Strait of Hormuz
Oil prices rose Thursday as doubts over a potential Iran peace deal persisted, while significant U.S. inventory drawdowns heightened concerns about global supply shortages.
SpaceX files Nasdaq IPO 'SPCX' after $4.9B xAI-linked loss
SpaceX’s IPO documents unveil a $4.9 billion annual loss and Elon Musk's 85% voting control, highlighting financial challenges and the founder's firm grip on leadership.
SpaceX invests over $15 billion in Starship deep space program
SpaceX disclosed a staggering $15 billion investment in its Starship rocket, aiming to revolutionize space travel with a fully reusable system for missions to the moon and Mars.
Japan exports surge 14.8% in April driven by semiconductor equipment
Japan's exports rose 14.8% in April, driven by a 41.6% surge in semiconductor shipments, defying supply disruptions and energy market volatility linked to the Iran conflict.
RBI drafts wallet transfer cap, cuts cash loading limit
The Reserve Bank of India's draft guidelines propose stricter limits on mobile wallets, sparking concerns among digital payment firms over potential business disruptions.
Indian semiconductor startups oppose DLI 2.0 allowing 49% foreign ownership
Indian semiconductor startups worry that allowing multinational corporations with minority stakes in DLI 2.0 could overshadow domestic innovation and dilute self-reliance goals.
India's ISM 2.0 may exceed $10 billion, industry urges incentives
India's second-phase semiconductor incentives could exceed $10 billion as rising memory chip prices drive demand for higher support, says IESA president Ashok Chandak.
Midcap Indian IT firms reshuffle leadership amid AI boom
Mid-sized IT firms like Cyient and Sonata Software are revamping leadership roles as AI-driven business models reshape operations, delivery, and client engagement strategies.
Anthropic set for 1st-ever operating profit with $10.9B projection
Anthropic projects $10.9 billion in Q2 revenue, marking its first operating profit, though high compute costs may challenge sustained profitability throughout the year.
NVIDIA forecasts $91 billion Q2 revenue as AI wave looms
Nvidia CEO Jensen Huang assures investors that the largest wave of AI spending is yet to come, as the company unveils ambitious growth plans despite rising competition.
India mulls 1-time price rise for around 300 essential medicines
India is considering a one-time price hike for 384 essential medicines due to soaring input costs caused by supply disruptions linked to the ongoing West Asia conflict.
SpaceX plans IPO on Nasdaq that could top $2 trillion
SpaceX reported a $4.28 billion net loss in Q1 2025, while Elon Musk retains 85.1% voting power through super-voting shares, ensuring his control post-IPO.
NVIDIA posts Q1 revenue $81.6B EPS $1.87 as shares slip
Nvidia surpassed Q1 expectations with $81.62 billion in revenue and raised its guidance to $91 billion, while boosting share buybacks and dividends significantly.
SpaceX IPO filing reveals xAI lost $6.4B, revenue rose $3.2B
Elon Musk’s xAI lost $6.4 billion in 2025, per SpaceX’s IPO filing, as it scales Grok AI to trillions of parameters, demanding massive investments in compute infrastructure.
Sam Altman pledges about 169 YC startups $2 million OpenAI tokens
Sam Altman pledged $2 million in OpenAI tokens to each Y Combinator startup in exchange for equity, aiming to boost AI adoption while securing stakes in early-stage companies.
Meta cuts 8,000 jobs as it shifts focus to AI
Mark Zuckerberg addressed the emotional toll of laying off 8,000 employees, or 10% of Meta's workforce, as the company pivots toward an ambitious artificial intelligence agenda.
NVIDIA posts record $81.6B quarter revenue and $80B buyback
Nvidia reported $81.6 billion in quarterly revenue and disclosed $43 billion in private equity holdings, nearly doubling its stakes in startups since January.
xAI sued by NAACP over Memphis turbine emissions, plans $2.8B
Elon Musk's xAI is under fire for operating unregulated gas turbines, facing a lawsuit while planning to invest $2.8 billion in additional turbine infrastructure over three years.
Indian rupee weakens, 1 year forward tops ₹100 per USD
The rupee's one-year forward rate crossed 100/$ intraday, while the spot rate hit a record low of 96.96 before closing at 96.82, reflecting global and domestic economic pressures.
Anthropic signs 300 MW xAI's Colossus deal paying $1.25B monthly
Anthropic has secured 300 megawatts of compute from xAI's Colossus 1 data center, committing to a $1.25 billion monthly payment through May 2029 under a flexible contract.
Pabst ends Schlitz production May 23 citing storage shipping costs
Schlitz beer, a historic Milwaukee brand founded in 1849, will cease production on May 23, 2026, as rising costs force Pabst Brewing Company to place it on hiatus.
SpaceX seeks up to $1.75tn valuation via Nasdaq IPO SPCX
SpaceX has revealed its plans for a record-breaking IPO, targeting a $1.75 trillion valuation as it advances ambitions to colonize Mars and revolutionize space technology.
Eurobank launches NPCI UPI remittance to India, live in Greece
Eurobank becomes the first European lender to facilitate cross-border remittances from Greece to India via UPI, offering minimal transaction charges and boosting trade ties.
UAE West-East pipeline halfway done will double export capacity
The UAE's West-East Pipeline, designed to bypass the Strait of Hormuz, is 50% complete, with ADNOC accelerating its construction to double export capacity via Fujairah by 2027.
Kroger recalls Homestyle Cheese Garlic Croutons over possible salmonella contamination
Kroger Homestyle Cheese Garlic Croutons were recalled in 17 states due to potential Salmonella contamination linked to milk powder used in their seasoning, per an FDA announcement.
Fed notes show inflation concern, cite Iran, keep rates 3.5%-3.75%
Federal Reserve minutes reveal growing concerns among officials about inflation, with many advocating for potential rate hikes if inflation persists above the 2% target.
Truecaller launches eSIM data plans in 29 countries excluding India
Truecaller has launched travel-focused eSIM services in 29 countries, aiming to diversify revenue streams amid declining ad revenues and leverage its 500 million-strong user base.
Ubisoft reports $1.7 billion loss as CEO calls low point
Ubisoft reported a record annual loss of 1.5 billion euros for 2025-26, driven by game delays, cancellations, and sweeping restructuring efforts amid intense market competition.
Karnataka reopens Elevate program offering up to 50L grants
Karnataka's IT/BT department has reopened its Elevate program, offering grants up to Rs 50 lakh. Four inclusive categories aim to support diverse startups statewide.
India's core sector output jumps 1.7% in April
India's infrastructure output witnessed a modest growth of 1.7% in April, up from a revised 1.2% in the previous month.
Lenskart's Q4 results: Net profit down 7.5% YoY to ₹204cr
Leading eyewear brand Lenskart has announced its financial results for Q4 of FY26.
Ola Electric's Q4 loss down 42.5% YoY to ₹500cr
Ola Electric Mobility has reported a consolidated net loss of ₹500 crore for the March quarter.
BPCL now imports 41% of its oil from Russia
State-owned Bharat Petroleum Corporation Limited (BPCL) has ramped up its import of Russian oil to around 40-41% of its total imports.
US company slammed for rewarding vaping with Bitcoin
Puffpaw, a blockchain hardware manufacturer in the US, has come under fire for its controversial marketing strategy.
India's competition watchdog has a warning for Big Tech firms
The Competition Commission of India (CCI) has vowed to prevent Big Tech firms from creating a "winner-takes-all" environment in the country's rapidly growing digital economy.
Modi's 'Melody' moment with Italian PM sparks Parle Industries rally
Shares of Parle Industries have hit the upper circuit after Prime Minister Narendra Modi's gesture of gifting Melody toffees to Italian Prime Minister Giorgia Meloni during his Rome visit.
India's GDP to grow at 6.4% in 2026: UN
The United Nations (UN) has revised its economic growth forecast for India, projecting a rate of 6.4% for 2026. The new estimate is lower than the previous projection of 6.6%.
US Treasury bond yield hits 19-year high: What's the reason?
The yield on the 30-year US Treasury bond has surged to its highest level since 2007, hitting a peak of 5.2%.
Crude oil prices surge in India today: What's the reason?
Crude oil prices on the Multi Commodity Exchange (MCX) rose nearly 0.7% to ₹10,095 per barrel today.
Southwest Airlines opens 1st tech hub outside US in Hyderabad
Southwest Airlines has opened its first-ever Global Innovation Center outside the US in Hyderabad.
Why India Semiconductor Mission 2.0 might be extended to 12-years
The Indian government is mulling an extension of the second phase of the India Semiconductor Mission (ISM) to up to 12 years, senior officials have told Business Standard.
After Trump-Xi summit, China agrees to buy 200 Boeing jets
China has confirmed its decision to buy 200 Boeing jets, following a recent meeting between US President Donald Trump and Chinese President Xi Jinping in Beijing.
India to send oil tankers through Strait of Hormuz again
India is gearing up to send vessels through the Strait of Hormuz for energy cargoes from Middle East suppliers.
Over 48,000 Samsung workers set to strike tomorrow
Samsung Electronics' labor union has announced plans to strike on May 21, after wage negotiations with the tech giant failed.
Meta begins laying off 8,000 employees
Meta Platforms has started laying off around 8,000 employees worldwide as part of a restructuring process.
Tesla cancels India factory plans
Tesla has reportedly scrapped its plans to set up an electric vehicle (EV) factory in India.
India plans $1B incentive for electric busses, trucks adoption
Indian government is mulling over an incentive program worth over $1 billion to promote the adoption of electric busses and trucks by private operators.
Indian rupee hits all-time low of ₹96.91 against US dollar
The Indian rupee has hit an all-time low of ₹96.91 against the US dollar, owing to rising US Treasury yields, high crude oil prices, and geopolitical tensions in West Asia.
Gold rises on US-Iran deal optimism
Gold prices saw a slight uptick on Wednesday, driven by hopes of a possible peace agreement between the United States and Iran.
Google DeepMind's Demis Hassabis was an early Anthropic investor
Demis Hassabis, the co-founder of Google's DeepMind, was an early investor in the artificial intelligence start-up Anthropic, according to a report by Financial Times.
Why founders of Groww have sold shares worth ₹260cr
The promoters and promoter group of wealth-tech firm Groww have sold a combined 0.23% stake in the company for ₹250-260 crore.
SpiceJet can seek Delhi HC's relief from ₹144cr deposit order
The Supreme Court of India has allowed budget carrier SpiceJet to approach the Delhi High Court for relief from a ₹144.5 crore deposit order.
Nayara Energy restarts operations at its Gujarat refinery
Indo-Russian oil refining and marketing company Nayara Energy has resumed operations at its 400,000 barrels-per-day Vadinar refinery after a maintenance shutdown.
Could dog nannies earn up to $1,34,000 in a year?
The United States is witnessing a surge in demand for a new breed of premium pet care professionals known as "dog nannies" or "dog governesses."
Centre may receive record ₹3 trillion dividend from RBI
India's fiscal position is set for a major boost this week, with the Reserve Bank of India (RBI) likely to transfer a record surplus of nearly ₹3 trillion ($31.2 billion) to the government, according to a Bloomberg report.
After 80 days, you can now trade in Iranian stocks
Iran's stock market has reopened today, after an unprecedented 80-day closure due to the conflict with US and Israel.
Indian start-up database in the works: What will it cover?
The Ministry of Electronics and Information Technology (MeitY) is planning to create a comprehensive national start-up database.
Adani Group shares surge as US drops criminal charges
Shares of the Adani Group, including Adani Enterprises and Adani Ports, witnessed a jump of up to 3.5% on Tuesday.
Indian rupee hits all-time low of 96.47 against USD
The Indian rupee has hit a new all-time low, falling to 96.47 against the US dollar. The fall comes amid persistently high crude oil prices and weaker Asian currencies.
Ahead of upGrad merger, Unacademy's test-prep chief Sumit Jain resigns
Sumit Jain, the CEO of Unacademy's test-prep business, has resigned from his full-time role. The decision comes ahead of a potential merger between Unacademy and upGrad Education.
Why Starbucks Korea has fired its CEO
Starbucks Korea's CEO Son Jung-hyun has been fired over a controversial marketing campaign.
Google and Blackstone plan to launch an AI cloud company
Tech giant Google and investment firm Blackstone are teaming up to launch a new artificial intelligence (AI) cloud company.
Meta moves 7,000 employees to AI roles ahead of layoffs
Meta is gearing up for a major layoff round tomorrow, May 20. The tech giant is expected to cut around 8,000 jobs or about 10% of its global workforce.
NextEra buys Dominion for $67B as AI power demand surges
US power giants NextEra Energy and Dominion Energy have announced a merger deal worth $66.8 billion.
Standard Chartered to cut over 7,000 jobs by 2030
Standard Chartered has announced plans to cut over 7,000 jobs globally by 2030.
Musk slams OpenAI lawsuit verdict, says legal fight isn't over
A US jury has ruled against Elon Musk in his lawsuit against OpenAI, the artificial intelligence company led by Sam Altman.
Oil prices fall below $110 as Trump pauses Iran attack
Oil prices fell sharply in early Asian trade on Tuesday, after US President Donald Trump announced a pause in military action against Iran.
Fuel prices raised by 90p; second hike in 4 days
Petrol and diesel prices have witnessed another hike across major Indian cities, marking the second increase in a week.
Musk loses lawsuit against OpenAI and Sam Altman
A jury in Oakland, California has ruled against Elon Musk in his high-profile lawsuit against Sam Altman and OpenAI.
PwC sued by liquidators of China Evergrande for $8.4B
The liquidators of China Evergrande, a major Chinese property developer that went bankrupt, are suing accounting firm PricewaterhouseCoopers (PwC) for CNY 57 billion ($8.4 billion).
How India's LPG shortage is having an effect on California
India, world's most populous country, relies heavily on LPG for cooking.
Why Apple Pay's launch in India has been delayed
Apple's plans to launch its payment service, Apple Pay, in India have hit a snag over commission negotiations with major banks, Moneycontrol has reported.
ICICI Bank to retain majority stake in ICICI Prudential Life
ICICI Bank has announced its decision to maintain a majority stake in the ICICI Prudential Life Insurance Company.
How NPS plans to make your retirement easier
The Pension Fund Regulatory and Development Authority (PFRDA) has announced a major change in the National Pension System (NPS).
Kalshi, Polymarket onboarding Indian users despite ban on online betting
Despite India's ban on online betting platforms, Kalshi and Polymarket are still allowing Indian users to sign up and trade on their prediction markets.
Why SEBI has summoned company secretary of IndusInd Bank
The Securities and Exchange Board of India (SEBI) has summoned IndusInd Bank's Company Secretary Anand Das in connection with an alleged insider trading case, Moneycontrol has reported.
OPPO wants to form a manufacturing JV in India
Chinese smartphone giant OPPO is in talks with Indian electronics makers Amber Group and Bhagwati Products to form a manufacturing joint venture (JV) in India, as per Moneycontrol.
India-Oman FTA might be effective from June 1: Piyush Goyal
India's free trade agreement (FTA) with Oman should come into effect from June 1, Commerce Minister Piyush Goyal announced today.
Bank of India has revised interest rates for these FDs
Bank of India has revised its interest rates on medium and long-term fixed deposits (FDs) of less than ₹3 crore.
SEBI plans rules for AI-based trading
The Securities and Exchange Board of India (SEBI) is working on a framework to regulate artificial intelligence (AI)-driven trading.
Sensex rebounds over 1,100 points from day's low
The benchmark indices, Sensex and Nifty, have staged a partial recovery on May 18. The recovery comes after a sharp decline of up to 1.3% in intra-day trading.