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Business News

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24 May 2026
TL;DR

Six of top 10 firms add 74,111.57cr, Reliance gains 25,000cr

The combined market valuation of six out of the top-10 most valued firms surged by ₹74,111.57 crore last week, with Reliance Industries leading the gains at ₹24,696.89 crore.

24 May 2026
TL;DR

Higher customs duty pushes India's gold discount to nearly ₹462

Gold prices in India are trading at a ₹450/g discount after the government doubled import duty to 15%, impacting demand and encouraging smuggling activities.

24 May 2026
TL;DR

LIC posts ₹23,420 cr for March 2026 quarter, tops peers

State-owned Life Insurance Corporation of India (LIC) reported a record net profit of Rs 23,420 crore in the March quarter, surpassing all other financial sector firms in India.

24 May 2026
TL;DR

Palo Alto Networks CEO Arora calls AI mass layoffs fallacy

Palo Alto Networks CEO Nikesh Arora argues that AI-driven productivity boosts won't reduce workforce needs but instead enable tackling backlogs and innovation.

24 May 2026
TL;DR

AI to impact back-office, data-reporting and customer-service jobs in India

AI is poised to disrupt up to 28% of back-office, data, and customer service roles in India by 2026, as companies face significant digital skill shortages, a SHRM report reveals.

24 May 2026
TL;DR

PFRDA launches RIS 2026 letting NPS withdraw until age 85

The PFRDA’s new Retirement Income Scheme (RIS) lets retirees withdraw their non-annuitized NPS corpus gradually until age 85, offering flexible payout options.

24 May 2026
TL;DR

Indians sent $1.09 billion abroad for travel in March 2026

Indians spent $623 million on holidays and international credit card settlements in March 2026, reflecting a strong appetite for overseas experiences despite rising airfares.

24 May 2026
TL;DR

Nestle India, WeWork India and Swiggy introduce pet friendly policies

Indian companies like Nestlé, WeWork, and Swiggy are embracing pet-inclusive policies to reduce employee stress, boost morale, and foster a more empathetic workplace culture.

24 May 2026
TL;DR

David Solomon says AI will free workers for meaningful work

Goldman Sachs CEO David Solomon predicts automation will transform work by eliminating repetitive tasks, enabling workers to focus on complex, strategic challenges.

24 May 2026
TL;DR

Bihar approves 20 industrial projects, ₹350cr expected, 2,300 jobs

Bihar approves 20 industrial projects worth ₹350 crore, allocating 30 acres of land and creating 2,300 job opportunities across diverse sectors to drive economic growth.

23 May 2026
Apple

Google appeals antitrust ruling over alleged search and advertising monopolies

Google has appealed a 2024 antitrust ruling that accused the tech giant of illegally maintaining monopolies in online search and advertising.

23 May 2026
India

India's forex spends slip 2% as education spending abroad falls

The total outward remittances under the Liberalized Remittance Scheme (LRS) have fallen by some 2% in FY26.

mAadhaar app retiring soon: How to set up new one

The Unique Identification Authority of India (UIDAI) is retiring the mAadhaar app in favor of a new Aadhaar platform.

23 May 2026
Foreign Investment

FIIs pull out ₹30,374cr from Indian equities in May

Foreign institutional investors (FIIs) have sold Indian equities worth ₹2.22 lakh crore in 2026, continuing their net selling streak for the third consecutive month.

23 May 2026
Personal Finance

Gold could hit $100,000 per ounce, says Robert Kiyosaki

Robert Kiyosaki, the author of Rich Dad Poor Dad, has warned of an impending stock market crash.

23 May 2026
United States of America

Glenmark Pharmaceuticals to pay $30M in US antitrust case

Glenmark Pharmaceuticals has announced that its US subsidiary will pay $29.6 million (approximately ₹284 crore) to settle antitrust and consumer protection litigation.

LIC aims for double-digit revenue growth in FY27

The Life Insurance Corporation of India (LIC) is targeting double-digit revenue growth and margin expansion in FY27.

23 May 2026
Canada

Piyush Goyal to visit Canada to boost trade ties

India's Minister of Commerce and Industry, Piyush Goyal, will visit Canada from May 25-27. He will be leading a delegation of some 150 Indian industry leaders.

23 May 2026
Pune

Uber now lets you book Pune Metro tickets

Pune Metro commuters can now book QR-based metro tickets directly through the Uber app.

23 May 2026
Blockchain

SEC delays plan for crypto versions of US stocks

The US Securities and Exchange Commission (SEC) has postponed its plan to allow cryptocurrency firms to trade tokenized assets linked to stocks, according to Bloomberg.

This Bain Capital-backed firm wants to raise ₹1,400cr via IPO

Bain Capital-backed Dhoot Transmission Limited has filed its updated Draft Red Herring Prospectus (UDRHP-1) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).

23 May 2026
Narendra Modi

India to have complete semiconductor supply chain soon: Modi

Prime Minister Narendra Modi has announced the development of a complete semiconductor supply chain in India.

23 May 2026
IndusInd Bank

IndusInd Bank now offers work-from-home option to more employees 

IndusInd Bank has announced the expansion of its roster-based work-from-home (WFH) framework to more departments, following its successful adoption across select teams.

23 May 2026
India

India's gross FDI inflows in FY26 hit a record $94.5B

India's gross foreign direct investment (FDI) inflows for the fiscal year 2025-26 have hit a record high of $94.53 billion, according to data from the Reserve Bank of India (RBI).

23 May 2026
Eicher Motors

Eicher Motors' Q4 results: Profit rises 12% YoY to ₹1,520cr

Eicher Motors has reported a 12% year-on-year (YoY) rise in its consolidated net profit for the fourth quarter of FY26.

23 May 2026
Reserve Bank Of India (RBI)

India's forex reserves fall by $8.09B to $688.894B

India's foreign exchange reserves have witnessed a major decline, falling by $8.094 billion to settle at $688.894 billion for the week ending May 15, data from the Reserve Bank of India (RBI) revealed.

23 May 2026
Adani Group

Adani pays ₹6,000cr to lenders of Jaiprakash Associates

Adani Group has paid ₹6,000 crore to the lenders of Jaiprakash Associates. The payment is the first installment of a larger ₹14,535 crore resolution plan.

23 May 2026
Reserve Bank Of India (RBI)

Why NRIs pulled out $2B from Indian banks in March

The Indian diaspora withdrew almost $2 billion from local banks in March, according to data from the Reserve Bank of India (RBI).

23 May 2026
India

Indians remitted $2.59B overseas in March, says RBI

Indians had remitted $2.59 billion overseas in March 2026 under the Reserve Bank of India's (RBI) Liberalized Remittance Scheme (LRS).

Indian Oil Corporation denies reports of fuel shortage

Indian Oil Corporation (IOC), the largest oil company in India, has denied reports of a nationwide fuel shortage.

23 May 2026
Apple

Apple takes Epic Games to court over commissions again

Apple has challenged a ruling in its ongoing legal battle with Epic Games over App Store commissions.

23 May 2026
Anthropic

Anthropic poised to become the world's most valuable AI start-up

Anthropic, an artificial intelligence (AI) start-up founded in 2021 by former OpenAI employees, is on the verge of raising over $30 billion in its latest funding round.

CCI closes case against 12 Delhi hospitals after decade-long probe

The Competition Commission of India (CCI) has closed a decade-old case against 12 hospitals in Delhi, including Max Super Specialty Hospital and Fortis Escorts Institute.

23 May 2026
White House

Kevin Warsh sworn in as new Fed chair

Kevin Warsh has officially taken the oath of office as the new chairman of the US Federal Reserve.

22 May 2026
Reserve Bank Of India (RBI)

Rupee at record low boosts UAE dirham remittances to India

The Indian rupee has hit a new low against the UAE dirham, prompting a surge in remittances from Indian expatriates in the Gulf region.

22 May 2026
Reserve Bank Of India (RBI)

RBI transfers record ₹2.87 lakh crore surplus to government

The Reserve Bank of India (RBI) has announced a record surplus transfer of ₹2.87 lakh crore to the central government for the fiscal year 2025-26 (FY26).

22 May 2026
Piyush Goyal

Rupee slump forces India to rethink import strategy

Union Minister Piyush Goyal has said that the Indian government is keeping a close eye on the rapidly depreciating rupee against the US dollar.

22 May 2026
Deepinder Goyal

Pixxel seeks $100M funding after Deepinder Goyal opts out

Pixxel, a Bengaluru-based space tech start-up, is in talks to raise between $80 million and $100 million in its latest funding round.

22 May 2026
Ministry of Finance

Steel Ministry seeks removal of anti-dumping duty on met coke

India's Ministry of Steel has requested the Finance Ministry to remove anti-dumping duties on low-ash metallurgical coke imports.

22 May 2026
Electric Vehicles

SEBI issues temporary WFH advisory, postpones non-essential events

The Securities and Exchange Board of India (SEBI) has issued a temporary administrative advisory, allowing work-from-home for its employees, according to Moneycontrol.

22 May 2026
Samsung Electronics

Samsung averts strike with deal offering an average $338,000 bonus

Samsung Electronics has averted a planned 18-day strike by reaching a tentative agreement with labor unions.

22 May 2026
Layoff News

Gaming studio Bungie to fire staff amid 'Destiny 2' shutdown

Bungie, the studio behind the popular Destiny franchise, is reportedly planning a round of layoffs.

22 May 2026
US Department of Justice

US states urge judge to break up Live Nation, Ticketmaster

A coalition of 33 US states and the District of Columbia has filed a motion in the Southern District of New York, calling for the breakup of Ticketmaster and its parent company, Live Nation.

22 May 2026
Christopher Nolan

IMAX in early-stage talks for potential sale

IMAX, the giant behind the big-screen experience, is in early-stage talks with potential buyers, according to The Wall Street Journal.

22 May 2026
Donald Trump

Oil prices rise as US-Iran talks remain uncertain

Oil prices have resumed their upward trend after a three-day slump, amid uncertainty over the US-Iran peace deal negotiations.

22 May 2026
Meta

Meta settles lawsuit over social media addiction in children

Meta, the parent company of Facebook and Instagram, has settled a major lawsuit with the Breathitt County School District in Kentucky.

21 May 2026
Reserve Bank Of India (RBI)

RBI may transfer ₹2.9-3.2 trillion surplus to government

The Reserve Bank of India (RBI) is set to make a record surplus transfer to the central government for the current fiscal year.

21 May 2026
Elon Musk

This Indian-origin Musk ally could make $92B from SpaceX IPO

Antonio Gracias, an Indian-origin investor and close associate of Elon Musk, stands to gain a massive windfall from SpaceX's upcoming IPO.

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.