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Business News

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22 May 2026
TL;DR

Prestige Estates Projects March 2026 quarter net ₹250.1cr, revenue ₹4,143.5cr

Prestige Estates Projects Ltd reported a consolidated net profit of ₹250.1 crore for Q4 FY26, a significant rise from ₹25 crore in the same period last year.

22 May 2026
TL;DR

PFRDA Chairman Deepak Mohanty Ramann says APY cap may rise

The PFRDA is evaluating proposals to raise the Rs 5,000 monthly pension cap under Atal Pension Yojana, citing long-term government liabilities as a key factor.

22 May 2026
TL;DR

Reserve Bank of India caps digital EMIs at half income

The Reserve Bank of India has introduced stricter digital lending guidelines to enhance transparency, protect borrowers, and promote responsible borrowing practices.

22 May 2026
TL;DR

Crypto market quiet as Bitcoin near $77,700 and Ethereum $2,130

Bitcoin hovers near $77,700, holding critical support at $76,000-$76,500, while Ethereum trades around $2,130 amid cautious sentiment as crypto market recovery remains sluggish.

22 May 2026
TL;DR

Gold falls as strong dollar, Federal Reserve hike expectations rise

Gold prices dipped 0.3% as a stronger US dollar and rising oil prices fueled expectations of prolonged high interest rates, pressuring the non-yielding metal's appeal.

22 May 2026
TL;DR

India's 10-year yield falls to 7.08% ahead of ₹32,000-cr auction

The benchmark 10-year bond yield slipped three basis points to 7.08% as traders stayed cautious before a key weekly debt auction and potential RBI dollar sales.

22 May 2026
TL;DR

Reliance Power reports ₹494cr net loss in March quarter

Reliance Power posted a consolidated net loss of ₹494 crore for Q4 FY26, compared to a net profit of ₹125.57 crore in the same quarter last year.

22 May 2026
TL;DR

Aurobindo Pharma becomes India's 2nd-biggest overtaking Dr Reddy's with ₹33,653cr

Aurobindo Pharma surpassed Dr Reddy’s Laboratories in FY26 with ₹33,653 crore revenue, driven by European growth, becoming India’s second-largest pharma company after Sun Pharma.

22 May 2026
TL;DR

TCS defers Wings unit evaluations and assessments amid AI-first shift

TCS has deferred its promotion-linked Wings programme, citing alignment with its AI-first strategy and evolving business needs, sparking employee concerns over career progression.

22 May 2026
TL;DR

Air India unveils Maharaja Lounge at San Francisco International Airport

Air India debuts its luxurious Maharaja Lounge at San Francisco International Airport, enhancing premium travel experiences and strengthening its presence in North America.

22 May 2026
TL;DR

Sanjay Malhotra says RBI won't raise interest rates outside schedule

The Reserve Bank of India is unlikely to implement an off-cycle rate hike despite rupee volatility and rising crude oil prices, focusing instead on balancing inflation and growth.

22 May 2026
TL;DR

Campus Fund report: 17% deep-tech, Ph.D. founders rise nearly 7-fold

India’s student startup ecosystem is shifting toward deep-tech and research-led ventures, with sectors like AI, defence, and quantum technologies gaining prominence over edtech.

22 May 2026
TL;DR

Capital Group invests over $2 billion in 3 Adani firms

Capital Group has invested over $2 billion in three Adani Group firms, signaling a strategic pivot from Reliance Industries amid shifting foreign investor preferences in India.

22 May 2026
TL;DR

AI demand and data localization driving India's data centers growth

India is witnessing a rapid surge in data centre capacity, driven by AI adoption and data localisation policies, positioning the country as a global hub for digital infrastructure.

22 May 2026
TL;DR

Nifty IT plunges to 27,078, wiping out nearly ₹18Lcr value

India's top IT firms have lost ₹17.6 lakh crore in market value amid AI disruption fears and weak spending, pushing valuations to their lowest since the global financial crisis.

22 May 2026
TL;DR

ASCI releases draft guidelines classifying AI ads and banning deepfakes

India's ad regulator ASCI drafts guidelines to address transparency and risks in AI-generated advertising, categorizing ads into high, medium, and low risk for consumer protection.

22 May 2026
TL;DR

Adani Power announces purchase of Jaypee Group assets for ₹4,200cr

Adani Power will acquire stakes in Jaypee Group's power assets, including a 24% stake in JPVL and the Churk thermal plant, as part of Jaypee's debt restructuring efforts.

22 May 2026
TL;DR

Rupee down over 7% at ₹96.3 against US dollar

The rupee has depreciated 7.04% against the dollar in 2026, driven by soaring crude oil prices amid the Iran-U.S. war and persistent foreign investor equity outflows.

22 May 2026
TL;DR

Dozens of states ask federal judge to split Live Nation-Ticketmaster

Over 30 states urge Judge Arun Subramanian to dismantle Live Nation-Ticketmaster, following a jury's ruling that the company operates as an illegal monopolist.

22 May 2026
TL;DR

Japan's core inflation 1.4% hits 4 year low, testing BOJ

Japan's core inflation slowed to 1.4% in April, the lowest in four years, as government subsidies curbed living costs, challenging the Bank of Japan's plans for a rate hike.

22 May 2026
TL;DR

Vodafone Idea stock rises 61% after over ₹23000cr AGR cut

Vodafone Idea shares surged 61% since April, driven by government AGR relief, fresh promoter funding, and operational improvements like rising ARPU and reduced losses.

22 May 2026
TL;DR

Indian B2B AI startups deploy projects in under 3 months

India's B2B AI startups are witnessing shorter sales cycles as companies rapidly adopt AI, moving from proof of concept to large-scale deployments within months.

22 May 2026
TL;DR

India's diesel spike and outages risk ₹300cr telecom costs

Surging summer power demand and rising diesel prices are escalating operational challenges for India's telecom industry, threatening network reliability and increasing costs.

22 May 2026
TL;DR

Foreign investors pull nearly ₹18,000cr from India's financial sector

Foreign investors withdrew ₹17,960 crore from India's financial sector in early May, driven by tighter banking margins and India's reduced appeal among emerging markets.

22 May 2026
TL;DR

TRAI, Centre probe Airtel priority postpaid plan for net neutrality

Indian authorities are examining Airtel's priority postpaid service to ensure compliance with net neutrality norms and assess its impact on prepaid users' service quality.

22 May 2026
TL;DR

Vedanta Resources to restructure over $5bn after Vedanta Ltd demerger

Vedanta Resources Ltd is in talks with global banks to refinance $5.25-5.5 billion debt through 10-year bonds and five-year loans, aiming to align repayments with cash inflows.

22 May 2026
TL;DR

Venezuela overtakes Saudi Arabia as India's 3rd biggest oil supplier

Venezuela has become India’s third-largest crude oil supplier in May, surpassing Saudi Arabia and the US, driven by increased purchases of its cost-effective, heavy crude.

22 May 2026
TL;DR

Rupee ends 10-day skid, hits 96.20 as RBI stepped in

The Indian rupee rebounded sharply after 10 days of losses, driven by significant Reserve Bank of India interventions and speculation about potential interest rate hikes.

22 May 2026
TL;DR

Investors diversify beyond TSMC as Asia's AI chip market expands

As AI demand diversifies, investors are shifting focus from TSMC to other tech players like MediaTek and Samsung, driven by broader hardware needs and memory market growth.

22 May 2026
TL;DR

SpaceX IPO filing warns Grok 'Spicy' 'Unhinged' modes pose risk

SpaceX's IPO paperwork highlights potential financial and reputational risks tied to Grok chatbot’s “Spicy” mode, citing concerns over harmful content and regulatory scrutiny.

22 May 2026
TL;DR

Experts warn Strait of Hormuz closure could spark 2008-style shock

A prolonged Strait of Hormuz closure could trigger an economic downturn akin to the 2008 recession, with oil prices potentially peaking at $130 per barrel.

22 May 2026
TL;DR

Bengaluru ET Power table says AI will transform Indian companies

Indian business leaders foresee AI becoming central to operations within 4-5 years, with discussions highlighting its current applications and future transformative potential.

22 May 2026
TL;DR

Indian companies' overseas investment surged to $3.37B in April 2026

Indian companies' overseas direct investments more than doubled to $3.37 billion in April, driven by equity flows and led by major players like Coforge and Lupin.

22 May 2026
TL;DR

OpenAI expands law firm roster amid lawsuits, clears court hurdle

OpenAI, valued at $852 billion, has enlisted over a dozen top U.S. law firms to navigate complex litigation and major deals amid IPO preparations and copyright disputes.

22 May 2026
TL;DR

Government notifies Insolvency and Bankruptcy Code changes to help MSMEs

The government has eased insolvency resolution norms for MSMEs, reducing valuation requirements and tightening conflict-of-interest rules in pre-packaged processes.

22 May 2026
TL;DR

US and India aim for $500B annual trade by 2030

The US aims to finalize a bilateral trade agreement with India, enhancing market access and reducing barriers, as stated by Ambassador Sergio Gor at a recent event.

21 May 2026
Elon Musk

X fined in Australia for not complying with child-safety measures

Elon Musk's social media platform, X Corp, has been fined A$650,000 (nearly $463,063) by an Australian court.

21 May 2026
WeWork

WeWork India shares surge 20% after strong Q4 results

WeWork India Management Ltd's shares hit the upper circuit limit of 20% on Thursday, following a stellar performance in its fourth quarter (Q4) earnings.

21 May 2026
Mark Zuckerberg

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.

21 May 2026
Delhi High Court

SpiceJet faces fresh legal trouble, lessor seeks $8M dues enforcement

Cash-strapped airline SpiceJet is facing another legal challenge.

21 May 2026
Elon Musk

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."

21 May 2026
Reserve Bank Of India (RBI)

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%.

21 May 2026
JP Morgan

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.

21 May 2026
Reserve Bank Of India (RBI)

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.

21 May 2026
Reserve Bank Of India (RBI)

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.

21 May 2026
Instagram

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.

21 May 2026
Hyderabad

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.

21 May 2026
Anthropic

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.

21 May 2026
Meta

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.

21 May 2026
Iran

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.

21 May 2026
NVIDIA

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.

21 May 2026
Anthropic

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.

21 May 2026
Elon Musk

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.

21 May 2026
Elon Musk

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.

21 May 2026
Amazon

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.

21 May 2026
Elon Musk

SpaceX files for IPO

Elon Musk's space exploration company, SpaceX, has filed for an initial public offering (IPO) in the US.

21 May 2026
Samsung Electronics

Samsung averts major strike after tentative wage deal

Samsung Electronics' shares surged by as much as 6.5% in morning trade on Thursday.

20 May 2026
India

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.

20 May 2026
Lenskart

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.

20 May 2026
Ola Electric

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.

20 May 2026
BPCL

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.

20 May 2026
Bitcoin

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.

20 May 2026
Stock Market

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.

20 May 2026
India

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%.

20 May 2026
Finance

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%.

20 May 2026
Iran

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.

20 May 2026
Hyderabad

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.

20 May 2026
Indian Government

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.

20 May 2026
Boeing

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.

20 May 2026
Indian Government

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.

20 May 2026
Samsung Electronics

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.

20 May 2026
Meta

Meta begins laying off 8,000 employees

Meta Platforms has started laying off around 8,000 employees worldwide as part of a restructuring process.

20 May 2026
Tesla

Tesla cancels India factory plans

Tesla has reportedly scrapped its plans to set up an electric vehicle (EV) factory in India.

20 May 2026
Indian Government

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.

20 May 2026
Indian Rupee (INR)

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.

20 May 2026
Donald Trump

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.

19 May 2026
Anthropic

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.

19 May 2026
Groww

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.

19 May 2026
SpiceJet

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.

19 May 2026
Russia

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.

19 May 2026
California

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."

19 May 2026
Reserve Bank Of India (RBI)

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.

19 May 2026
Iran

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.

19 May 2026
Startups

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.

19 May 2026
Adani Group

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.

19 May 2026
Indian Rupee (INR)

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.

19 May 2026
Unacademy

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.

19 May 2026
South Korea

Why Starbucks Korea has fired its CEO

Starbucks Korea's CEO Son Jung-hyun has been fired over a controversial marketing campaign.

19 May 2026
Google

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.