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Midhun Mohan's Ayurvod wins World Liqueur Awards gold in London
Ayurvod, a craft spirit blending Ayurveda with European distillation, clinched Gold at the 2026 World Liqueur Awards in London, celebrating Indian heritage globally.
John O'Farrell says AI industry prioritizes political power over ethics
Former Andreessen Horowitz partner John O’Farrell criticized the tech industry for prioritizing AI influence over public good, warning of a growing political backlash.
Meta limits employee AI use as costs could hit billions
Meta is implementing spending controls and usage limits on internal AI tools as soaring token consumption threatens to cost the company billions by 2026.
Leopold Aschenbrenner, 24, former OpenAI researcher, grows fund past $15B
Leopold Aschenbrenner's Situational Awareness LP skyrocketed from $225 million to over $15 billion AUM in under two years, achieving over 1,000% returns since its 2024 launch.
SpaceX IPO: Japanese investors sought over $6B worth of shares
Japanese investors expressed a strong interest in SpaceX's record-breaking initial public offering (IPO), seeking over ¥1 trillion ($6.2 billion) worth of shares.
Dr. Reddy's launches generic Bosutinib in US expands cancer portfolio
Dr Reddy’s Laboratories, in collaboration with MSN Laboratories, introduced generic Bosutinib tablets in the US, securing 180-day exclusivity and expanding its oncology portfolio.
How Musk's SpaceX created over 4,400 millionaires overnight
SpaceX's historic initial public offering (IPO) has made not just Elon Musk the world's first trillionaire but also created thousands of new millionaires almost overnight.
Palantir has faced a legal setback in Switzerland
Palantir, a leading US technology company, has lost a legal battle against a Swiss independent magazine.
India's FTAs can help reach $1T export target by 2030
India's recent free trade agreements (FTAs) have the potential to drive manufacturing growth, revive private capital expenditure (capex), and integrate supply chains, a report by Yes Securities has said.
SEBI to simplify KYC norms for foreign investors
The Securities and Exchange Board of India (SEBI) is planning to make Know Your Customer (KYC) norms simpler for foreign portfolio investors (FPIs).
JP Morgan says gold $6,300 by 2027, $6,000 late 2026
Gold prices could reach $6,000 per ounce by late 2026, despite recent price stagnation and weaker investor interest, according to JP Morgan's latest commodities research report.
Emirates to show FIFA World Cup matches on flights
Emirates Airlines has announced that it will show all the matches of the FIFA World Cup live on its flights.
Mark Zuckerberg admits missteps in Meta's AI workforce overhaul
Meta CEO Mark Zuckerberg has acknowledged errors in the company's artificial intelligence (AI) workforce transformation.
US DOJ approves Paramount's $111B acquisition of Warner Bros
The US Department of Justice (DOJ) has approved Paramount Skydance's $111 billion acquisition of Warner Bros. Discovery.
Microsoft considers spinning off Xbox gaming division
Microsoft is considering a major overhaul of its Xbox gaming division, including the possibility of spinning it off or restructuring it as a wholly owned subsidiary.
8th Pay Commission: Vehicle, festival, and natural disaster advances proposed
The Staff Side of the National Council (JCM) has proposed a set of new advances in salary for central government employees.
IPO-bound Razorpay set to file confidential draft papers next week
Razorpay, a leading fintech company based in Bengaluru, is reportedly gearing up for its Initial Public Offering (IPO).
SpaceX shares jump 19% on debut after record $75B IPO
Elon Musk's aerospace company, SpaceX, has made history with its record-breaking $75 billion initial public offering (IPO).
EU moves to tighten carbon emissions fee on imports
The European Union (EU) has decided to make it more difficult to suspend its carbon emissions fee on imports.
Retail investors snap up $453 million in SpaceX IPO day 1
SpaceX's IPO saw overwhelming demand, with many retail investors receiving fewer shares than requested despite the company's sizable 30% retail allocation.
Yes Securities says India could reach $1 trillion goods exports
India's new wave of Free Trade Agreements, coupled with PLI schemes and "China+1" diversification, positions the nation to achieve $1 trillion in merchandise exports by 2030.
Beyond Elon Musk: Who else gained from the SpaceX IPO?
SpaceX's debut on the stock market has triggered a major wealth creation event in American business history.
Indian companies hold 18.7L/cr cash in fiscal 2026, up 12%
India Inc's cash pile surpassed $200 billion in FY26, driven by cautious spending and reduced dividends amid geopolitical uncertainties and a sluggish demand environment.
Meta's AI team on the brink of a revolt
Meta's Applied AI team, a group of some 6,500 engineers and product managers, is reportedly on the brink of a revolt, according to WIRED.
Google will appeal a German court ruling on AI overviews
Google has announced its decision to appeal a German court ruling that held the tech giant legally responsible for false claims generated by its AI Overviews.
UN adopts historic convention to protect gig economy workers
The United Nations' International Labour Organization (ILO) has adopted a historic convention to protect gig economy workers.
Does Nestle's MAGGI noodles have an infestation issue?
Nestle India has refuted allegations of infestation in its popular MAGGI noodles.
SpaceX president hints at possible merger with Tesla
SpaceX President and COO Gwynne Shotwell has hinted at the possibility of a merger with Tesla.
Emirates will stream FIFA World Cup matches on most flights
Emirates will broadcast all FIFA World Cup 2026 matches live onboard via Sport 24, starting with the opening ceremony on June 11 and concluding with the final on July 19.
SpaceX IPO at $135 makes over 4,400 millionaires, tops $2T
SpaceX's historic IPO turned over 4,400 employees, including welders and cafeteria staff, into millionaires overnight, showcasing the transformative power of equity-based rewards.
Robinhood sees record traffic after SpaceX's historic market debut
Robinhood, the popular trading platform, has reported "record-breaking" traffic on its services on Friday, June 12, 2026.
India can repay 94% foreign debt in a day: Fadnavis
Maharashtra Chief Minister Devendra Fadnavis has dismissed fears of an economic slowdown in India.
AI start-up Mistral wants to raise $3.5B at $23.15B valuation
French artificial intelligence (AI) start-up Mistral is said to be in early-stage talks to raise around €3 billion ($3.5 billion).
Musk is now worth more than next 4 billionaires combined
Elon Musk's net worth has crossed the $1 trillion mark for the first time, thanks to SpaceX's successful stock market debut.
US markets gain amid oil drop and U.S.-Iran peace talks
Wall Street's major indexes rose 0.7% this week, driven by falling oil prices, geopolitical optimism, and SpaceX's blockbuster debut reaching a $2.1 trillion valuation.
Musk is now a trillionaire: What can $1 trillion buy?
Elon Musk, the man behind SpaceX, has become the world's first trillionaire.
India's ₹3.31L/cr microfinance vulnerable to El Nino, West Asia tensions
India's ₹3.31-lakh-crore microfinance sector faces fresh credit risks from below-normal monsoon predictions and geopolitical tensions impacting rural livelihoods.
EU tightens rules to limit pausing carbon import fee
EU economy ministers have agreed to limit conditions for suspending the bloc's carbon emissions fee on imports, aiming to enhance investment certainty in low-carbon industries.
Vedanta launches $3.6bn bond buyback offer until June 23
Vedanta Resources' $3.6 billion bond buyback faces challenges as bonds trade above par, requiring a $250-300 million premium to incentivize investors to tender their holdings.
Zoho CEO Vembu urges India build AI after US ban
Zoho CEO Sridhar Vembu criticized Anthropic's suspension of Fable 5 and Mythos 5, urging India to prioritize indigenous AI development amid tightening global technology controls.
India's Sensex jumps 1,284 points snapping 2-week losing streak
Indian equity benchmarks rebounded this week as easing geopolitical tensions and softer crude oil prices lifted sentiment, while the rupee weakened slightly against the US dollar.
India's live entertainment market crossed ₹13,000cr, nearly ₹19,600cr by 2028
India's live entertainment market, valued at over Rs 13,000 crore, is evolving into a cultural movement as young consumers prioritize experiences over material possessions.
Japanese retail investors sought over $6.2B SpaceX IPO, received $2.2B
Japanese investors aimed to secure over $6.2 billion in SpaceX shares during its record-breaking $75 billion IPO, driven largely by retail demand.
Elon Musk's net worth hits $1.11 trillion after SpaceX IPO
Elon Musk's net worth soared to $1.11 trillion after SpaceX's record-breaking IPO, surpassing the combined fortunes of Larry Page, Sergey Brin, Jeff Bezos, and Larry Ellison.
NC-JCM seeks interest-free ₹10L car loan from Eighth Pay Commission
The 8th Pay Commission discussions highlight demands for new salary advances, including a ₹10 lakh interest-free car loan and festival bonus equal to one month's basic pay.
Zuckerberg: teams of 12 can advance AI despite $100 million offers
Mark Zuckerberg believes significant AI progress can be achieved with small, skilled teams, despite Meta's previous $100 million offers sparking a tech industry talent war.
Indian semiconductor startups seek policy support beyond ₹1,000 cr DLI
Indian semiconductor startups urge the government to provide procurement preferences and stronger market access to boost domestic chip adoption and industry growth.
Tata Sons reports strong FY2026 profit after Tata Capital IPO
Tata Sons achieved high-teens profit growth in FY26 despite reduced dividend income, bolstered by proceeds from Tata Capital's IPO and strategic financial measures.
Elon Musk holds 46.4% of SpaceX, 6.07 billion shares
Elon Musk controls 46.4% of SpaceX, leaving the rest divided among institutional investors, venture capital firms, and key individuals like Valor Management and Luke Nosek.
Palantir loses Zurich court fight over Republik rebuttal demands
Palantir lost 22 of 23 claims in a Zurich court, failing to compel Swiss magazine Republik to publish detailed rebuttals to articles about its struggles in Switzerland.
DOJ clears $111 billion Paramount Skydance Warner Bros. Discovery merger
The Trump administration's Justice Department approved the $111bn merger of Paramount Skydance and Warner Bros Discovery, despite widespread competition concerns.
SpaceX IPO priced $135, surges 19% to $2.2 trillion valuation
SpaceX shares surged 19% on their first trading day, following a historic $75 billion IPO that positioned the company as the sixth-most valuable public firm globally.
SpaceX pre-IPO buzz draws $100B+ orders, crypto and ETF inflows
Retail investors are driving unprecedented demand for SpaceX exposure, fueling activity across ETFs, alternative trading venues, and crypto markets in a speculative frenzy.
US stocks rise on optimism about possible U.S.-Iran peace deal
U.S. stocks closed higher as optimism grew over a potential Iran-U.S. peace deal, while SpaceX's record-breaking IPO debut valued the company at over $2 trillion.
China's May loan growth slows despite better than expected financing
China's credit expansion slowed in May, with aggregate financing rising ¥2.03 trillion, over 11% weaker than last year, as subdued private demand hindered lending growth.
SpaceX raises $75B in IPO selling about 5% at $135
SpaceX's $75 billion IPO includes a greenshoe option, allowing underwriters to stabilize stock prices and potentially raise an extra $11.2 billion if demand remains strong.
ED arrests Reliance Telecom directors Seth, Doshi in 114.98cr fraud
The Enforcement Directorate arrested two ex-Reliance Telecom directors in Mumbai under PMLA, linked to a Rs 114.98 crore SBI loan fraud case investigated by the CBI.
SpaceX targets $28.5 trillion AI robots and self-driving car market
SpaceX COO Gwynne Shotwell highlights humanoid robots and autonomous vehicles as key drivers of the $28.5 trillion market, leveraging AI computing and Starlink connectivity.
Musk becomes world's 1st trillionaire
SpaceX stock surged over 22% at the opening bell of its historic public debut to trade at $165 as of this writing.
Japanese investors pour $2.2B into SpaceX IPO
SpaceX, the aerospace giant led by Elon Musk, has raised a whopping $2.2 billion from Japanese investors as part of its historic global initial public offering (IPO).
Google, Meta invest $300M to train workers for AI boom
In a major development, tech giants Google and Meta have announced massive investments in skilled trades training.
India's retail inflation rises to 3.93%, highest in 5 months
India's retail inflation has jumped to 3.93% in May, up from 3.48% in April.
Cognizant to exit NASDAQ-100 after 20 years
Cognizant, a leading IT services provider, is set to be removed from the NASDAQ-100 Index.
Spinny plans $300 million IPO
Indian used-car platform Spinny is gearing up for an initial public offering (IPO) to raise between $250 million and $300 million.
India may widen fiscal deficit as US-Iran war strains finances
India is likely to allow a larger budget deficit this year, according to Bloomberg.
Trade ties key to India's $30 trillion goal: Piyush Goyal
Piyush Goyal, Union Minister of Commerce and Industry, has said that India must strengthen its international trade relations to achieve the ambitious goal of becoming a $30 trillion economy by 2047.
Sensex closes 1,700 points higher: What drove today's rally?
The Indian stock market witnessed a massive surge on Friday, with the Sensex and Nifty gaining 2% each.
Centre waives customs duties on nuclear power equipment imports
The Indian government has announced a retrospective waiver of customs duties on certain nuclear power generation equipment imported between April 1, 2019 and January 31, 2026.
India's AI data center market may hit $280B by 2035
India's data center industry is set for unprecedented growth, with the artificial intelligence (AI) boom projected to create a $280-billion ecosystem opportunity by 2035.
Oil prices hit 2-month low on hopes of US-Iran deal
Oil prices have plummeted to a two-month low, following US President Donald Trump's announcement of a potential peace deal with Iran.
US wholesale inflation hits 6.5%, highest since 2022
US wholesale inflation has surged to its highest level since November 2022, mainly due to rising energy costs amid the ongoing Iran war.
India to remain fastest-growing major economy in FY27: World Bank
India is set to remain the world's fastest-growing major economy, with a growth rate of 6.6% in the fiscal year 2026-27, a sharp decline from last year's 7.7%, according to a World Bank report.
India hikes cancer drug prices by 50% amid shortages
India's National Pharmaceutical Pricing Authority (NPPA) has approved a 50% price hike for two critical anti-cancer drugs - carboplatin and cisplatin.
Jeff Bezos's AI start-up raises $12B at $41B valuation
Prometheus, a physical artificial intelligence (AI) start-up co-founded by Jeff Bezos and Vik Bajaj, has raised $12 billion in its second funding round.
Musk set to become world's 1st trillionaire after SpaceX IPO
Elon Musk, the tech mogul behind Tesla and SpaceX, is on the verge of becoming the world's first trillionaire.
Sensex gains nearly 1,000 points amid US-Iran peace hopes
India's benchmark indices witnessed a major surge in early trade on Friday. The BSE Sensex soared by nearly 1,000 points while the NSE Nifty 50 breached the 23,450 mark.
ECB raises interest rates for first time since 2023
The European Central Bank (ECB) has raised its benchmark interest rate by a quarter point to 2.25%.
South Korea's Kospi index surges 8% on US-Iran peace hopes
South Korea's benchmark Kospi Index has witnessed a massive surge of 8% in early trading today.
Gold, silver prices jump up to 4%
Gold and silver prices surged on Friday, driven by persistent inflation and ongoing global tensions.
SpaceX raises record $75B in world's biggest IPO
SpaceX, Elon Musk's space and AI conglomerate, has officially priced its shares at $135 each.
US becomes India's top LNG and LPG supplier
The United States has overtaken Gulf countries to become India's top supplier of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) in May.
India, Nepal launch UPI-based cross-border remittance system
India and Nepal have launched a new cross-border remittance system, the Unified Payments Interface (UPI)-National Payments Interface (NPI).
Gold prices at 6-month low: Good time to buy?
Gold prices have plunged to a six-month low as high oil prices fuel inflation concerns and strengthen expectations of prolonged high interest rates in the US.
Airtel, Vi launch services on Mumbai Metro after months-long dispute
Telecom giants Bharti Airtel and Vodafone Idea (Vi) have launched their mobile network services on the underground sections of Mumbai Metro's Aqua Line.
Wipro's buyback offers 37% premium, but there's a catch
Wipro has launched its ₹15,000 crore share buyback program today.
Reliance, Adani join India's push to cut China rare-earth dependence
Reliance Industries, Vedanta and Adani Group are among 10 companies interested in setting up rare-earth processing plants in Andhra Pradesh, according to Reuters.
Mamaearth parent hits 52-week high, stock jumps 77%
Honasa Consumer, the parent company of popular personal care brand Mamaearth, has seen its shares hit a new 52-week high of ₹438 per share.
Anti-NVIDIA data center start-up reaches $1.5B valuation
In a major development, TensorWave, an AI-focused cloud computing start-up, has raised $350 million in its Series B funding round.
Rajesh Exports shares hit lower circuit for 6th straight session
Rajesh Exports, one of India's leading gold refiners, has seen its share price plummet by nearly 27% since the Securities and Exchange Board of India (SEBI) issued an interim order on June 3.
NCLT accepts SBI's plea to initiate Anil Ambani's personal bankruptcy
The National Company Law Tribunal (NCLT) in Mumbai has accepted a plea from the State Bank of India (SBI) to initiate personal insolvency proceedings against industrialist Anil Ambani.
TCS rethinks small-town office expansion after Nashik harassment case
Tata Consultancy Services (TCS) is rethinking its strategy to open offices in smaller towns and cities.
Jon Prosser may get another chance to fight Apple's lawsuit
Apple and Jon Prosser's attorney have jointly requested the court to vacate a default judgment entered against him last October.
Ubisoft shuts more studios, lays off employees amid ongoing restructuring
Ubisoft, the renowned video game publisher, is undergoing another round of restructuring and layoffs. The company has decided to shut down its studios in Winnipeg and Belgrade, according to The Game Business.
India's 6G push centers on homegrown tech, patent creation
The Indian government is gearing up to start talks on a roadmap for the country's transition to sixth-generation (6G) mobile communications.
Nifty IT crashes over 2%; HCL, Infosys lead fall
The Nifty IT index, a key indicator of India's information technology sector, has witnessed a major crash today.
Anthropic to provide Claude AI access to 50,000 TCS employees
Tata Consultancy Services (TCS) has announced a global strategic partnership with artificial intelligence (AI) company Anthropic.
ShinyHunters hacked Oracle servers at over 100 organizations
The notorious cybercrime group, ShinyHunters, has claimed responsibility for breaching Oracle's PeopleSoft servers at over 100 organizations. The victims include a number of universities.
Trump says he 'loves inflation' as prices hit 3-year high
US President Donald Trump has said "I love the inflation," after consumer prices surged by 4.2% in May, the highest since April 2023.
Gold prices hit 6-month low
Gold prices have plunged to a six-month low, following fresh US military strikes on Iran.
Sam Altman-backed Opendoor exits India, lays off 250 employees
US-based real estate technology company Opendoor has announced its decision to shut down operations in India. The closure will affect nearly 250 employees working for the company in the country.
Centre waives excise duty on ethanol-blended petrol
The Indian government has waived the excise duty on certain types of ethanol-blended petrol. The exemption applies to E22, E25, E27 and E30 fuel blends.