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India to seek FTAs with Oman and Chile next week
India is set to host trade officials from Oman and Chile next week to expedite Free Trade Agreements, aiming to boost bilateral trade and secure critical mineral resources.
US adds 115,000 jobs in April amid Middle East tensions
The US added 115,000 jobs in April, surpassing projections of 55,000, as the unemployment rate held steady at 4.3% despite economic uncertainty from the ongoing Iran conflict.
India's foreign exchange reserves fall $7.79 billion to $690.7 billion
India's forex reserves dropped by $7.79 billion to $690.69 billion as of May 1, driven by decreases in foreign currency assets and gold reserves, according to RBI data.
JSW Infrastructure Jan-Mar 2026 profit down 18% to ₹424 cr
JSW Infrastructure reported an 18% drop in Q4 FY26 net profit to ₹423.67 crore, despite a rise in total income to ₹1,612 crore and cargo volumes growing by 1%.
Ujjivan SFB Jan-Mar profit more than triples to ₹282 cr
Ujjivan Small Finance Bank reported a threefold surge in net profit to ₹282 crore for Q4 FY26, driven by increased income and moderated provisions.
Instamart posts 1st QoQ GOV drop 0.7% amid 68% growth
Swiggy Instamart's gross order value dropped 0.7% sequentially to Rs 7,881 crore in Q4 FY26, marking its first-ever decline as the industry shifts focus to profitability.
Air India pauses pay hikes for at least 1 quarter
Air India will delay annual increments by one quarter due to economic challenges, while management assures employees that layoffs are not expected despite rising operational costs.
Zepto secures SEBI approval for ₹7,500-₹9,300cr IPO on Indian exchanges
Zepto has received SEBI's nod to raise up to $1 billion through an IPO, aiming to list on Indian stock exchanges within 60-90 days.
NVIDIA's market cap surpasses India's entire equity market
NVIDIA, a company once known for its gaming chips, has now surpassed the entire Indian equity market in terms of market capitalization.
Anthropic prepares summer fundraising that could value it near $1tn
Anthropic is planning a massive fundraising round this summer, potentially valuing the AI firm at nearly $1 trillion, according to a Financial Times report.
Swiggy's Q4 loss narrows to ₹800cr, revenue jumps 45%
Swiggy has reported a narrower net loss of ₹800 crore for the quarter ending March 31, 2026. The figure is an improvement from the ₹1,081 crore loss in the same period last year.
KPIT founder Ravi Pandit (76), pioneer in mobility software, dies
Ravi Pandit, the co-founder and long-serving chairman of KPIT Technologies Ltd, has passed away in Pune. He was 76 years old.
ZFunds launches ZIVA AI assistant cutting workloads up to 60%
ZFunds introduces ZIVA, India's first AI-powered assistant, to streamline workflows and enhance efficiency for mutual fund distributors and wealth managers.
India's urban youth unemployment drops below global average
India's urban youth unemployment rate has fallen to 9.9% in 2025, according to a recent report by SBI Research.
Oil prices slide after U.S.-Iran clashes near Strait of Hormuz
Oil prices retreated after initial gains on Friday following renewed U.S.-Iran clashes near the Strait of Hormuz, raising concerns over the ceasefire and global supply stability.
Sensex falls 516 points as SBI Q4 miss drags markets
Benchmark indices fell sharply as SBI shares plunged nearly 7% following disappointing Q4 earnings, dragging banking and financial stocks lower and dampening investor sentiment.
Ola Electric shares surge as homegrown EV tech bags certification
Ola Electric's mass-market electric scooter, the S1 X+ (5.2kWh), has been certified under the Central Motor Vehicle Rules (CMVR), 1989.
Sensex and Nifty tumble amid U.S.-Iran Strait of Hormuz tensions
Markets tumbled as geopolitical tensions escalated, with Nifty50 losing 150.50 points and Sensex dropping 516.33 points amid US-Iran clashes near the Strait of Hormuz.
Pentagon blacklists Anthropic as supply chain risk, 1st US firm
Dario Amodei, CEO of Anthropic, apologised for a leaked memo criticising the Pentagon but plans to sue over its supply-chain-risk designation, citing potential business impacts.
Kalyan Jewellers Q4 profit more than doubles, revenue up 66%
Kalyan Jewellers India reported a 118% YoY surge in consolidated PAT to Rs 409 crore, alongside a 66% jump in revenue to Rs 10,275 crore for Q4 FY26.
Hangzhou court ruling blocks AI replacements and revives office market
DeepSeek's groundbreaking AI and Alibaba's pivot to artificial intelligence are revitalizing demand for prime office spaces in Hangzhou, easing China's property crisis.
India's IOC, BPCL and HPCL lost ₹30,000cr keeping prices unchanged
India's oil firms incurred ₹30,000 crore losses since mid-March, maintaining steady fuel prices despite a 50% surge in input costs during a historic global energy disruption.
Akasa Air launches aircraft leasing unit in GIFT City
Akasa Air has launched Akasa Air Leasing IFSC Private Limited at Gujarat's GIFT City to enhance aircraft financing, ensuring cost efficiency and access to global capital markets.
UN blames Iran war for highest food prices in years
Global food prices surged 1.6% in April, driven by rising costs of vegetable oils, meat, and cereals as the Iran war disrupts supply chains and boosts farm input expenses.
India's exports to Gulf fall 57.6% in March 2026
India's exports to the Gulf plummeted 57.6% in March 2026, with industrial goods like petroleum and steel suffering sharper declines than food staples such as rice and vegetables.
Airbnb CEO Brian Chesky says AI will reshape workplace leadership
Airbnb CEO Brian Chesky warns that pure people managers and those resistant to change will struggle most in the AI era, urging leaders to adapt as "hybrid people managers."
Novo Nordisk India sales jump 40% after semaglutide price cuts
Novo Nordisk’s 40% sales surge in April followed steep price cuts for Ozempic and Wegovy, as the company defended its market share against rising generic competition.
Natural rubber prices in India hit record ₹253 per kg
Natural rubber prices soared to ₹253-₹260 per kg due to tight supply, driven by West Asia tensions, extreme weather, and reduced tapping in major producing regions.
Tata Trusts board meeting postponed to May 16
The highly anticipated board meeting of the Tata Trusts, originally scheduled for today, has been postponed to May 16.
US probes suspicious $2.6B oil trades tied to Iran announcements
The US Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) are investigating over $2.6 billion in suspicious oil trades.
Airtel Africa posts $813 million profit in fiscal 2026
Airtel Africa's profit soared over two-fold to $813 million in FY26, driven by tariff adjustments in Nigeria and forex gains, alongside a 29.5% revenue growth to $6.4 billion.
Investors encourage Indian AI startups to move to San Francisco
Indian AI startups targeting global markets are urged to establish an early US presence, as proximity to customers, capital, and AI innovation in Silicon Valley accelerates growth.
Airtel Africa delays mobile money IPO until H2 2026
Airtel Africa has postponed its mobile money unit's IPO to the second half of 2026, citing geopolitical tensions in Iran as a key factor behind the delay.
TRAI may fine telcos ₹50L for failing to resolve complaints
The Telecom Regulatory Authority of India (TRAI) has proposed a new mechanism to handle customer complaints.
IndiGo, Air India oppose steep charges at new airports
India's leading airlines, IndiGo and Air India, have opposed the proposed increase in passenger charges by the country's newest airports.
Japan's Nikkei dips 0.19% as SoftBank falls on Arm weakness
Japan's Nikkei dipped 0.19% from a record high, driven by SoftBank Group's 4.56% drop and heightened concerns over U.S.-Iran tensions impacting investor sentiment.
Qualcomm and MediaTek target India as phone prices keep rising
India's smartphone market remains a key growth driver as chipmakers navigate rising costs, supply shortages, and shifting consumer preferences through 2026.
MediaTek deepens India operations with new Noida R&D center
Taiwanese semiconductor giant MediaTek has opened its second research and development (R&D) center in India, this time in Noida.
Indian government considers raising Jan Suraksha coverage to ₹5L
The government is considering raising insurance coverage under PMJJBY, PMSBY, and APY to Rs 5 lakh as part of its decade-old Jan Suraksha initiatives.
Ola Electric shares jump 3.5% after ICAT certification in Manesar
Ola Electric shares climbed 3.5% after its S1 X+ scooter, featuring a 320 km range and 125 km/h top speed, received government certification under CMVR rules.
Air India considers furloughs, bonus delays as losses hit ₹22,000cr
Air India's board has discussed a range of cost-cutting measures, including potential employee furloughs and postponement of bonus payouts, as per a PTI report.
Google explores AI infrastructure, servers and drone manufacturing in India
Google is exploring investments in India, focusing on AI infrastructure and manufacturing servers and drones, as part of its global expansion in advanced technologies.
NVIDIA backs AI data center firm IREN in $2B deal
Data center operator IREN has partnered with semiconductor giant NVIDIA to deploy up to 5 gigawatts of the latter's DSX-branded infrastructure designs.
Toyota warns of $4.3bn Middle East hit as profit halved
Toyota projects a $4.3 billion financial hit this year due to the Iran war, as supply disruptions and rising costs overshadow strong hybrid vehicle demand.
Sensex falls nearly 600 to 77,258.76 as oil tops $100
Benchmark indices fell sharply as weak global cues, rising crude oil prices, foreign investor selling, and pressure on banking stocks dampened market sentiment.
SEBI signals potential end-July 2026 rollout for CKYC 2.0
India's CKYC system is transitioning to a real-time, API-driven framework by July 2026, promising faster onboarding for users and heightened compliance demands for fintech firms.
Sony forecasts 6% gaming sales decline, 30% profit rise
Sony predicts a 6% drop in annual gaming business sales due to declining PS5 hardware demand and rising memory chip prices, despite expecting a 30% profit increase.
TSMC posts 17.5% April growth, AI demand may spur rebound
TSMC reported its slowest monthly revenue growth since October, rising 17.5% in April, despite robust demand for AI chips from global tech giants investing heavily in the sector.
Tim Cook invited to join Trump on China trip
Apple CEO Tim Cook has been invited by the Trump administration to join a high-profile delegation of CEOs on a trip to China next week, Semafor reports.
UK house prices fall in April to £299,313 amid uncertainty
Halifax halved its annual house price growth forecast to 0.4% as the Middle East conflict drives inflation, higher borrowing costs, and market uncertainty.
India inflation expected to rise to 3.8% in April
India's consumer inflation likely rose to 3.8% in April, up from 3.4% in March, as higher fuel and LPG costs linked to the US-Iran conflict impacted prices, a Reuters poll showed.
Gold in India up 57% YoY to ₹152,600 per 10g
Gold demand in India remained subdued this week as rising prices deterred buyers, with wedding season purchases also impacted despite their traditional significance in the country.
Hero MotoCorp forecasts scooters leading market growth in FY2027
Hero MotoCorp anticipates India’s two-wheeler industry to grow in high single digits in FY2027, with scooters expected to outpace motorcycles in growth rates.
Adobe opens 7th India office in Noida, hosting 700+ staff
Adobe has opened its seventh office in India, located in Noida, housing over 700 employees. This marks a significant milestone in Adobe's AI-driven innovation efforts from India.
NVIDIA and Uber execs warn AI compute costs outpacing expectations
Executives from Uber and Nvidia reveal skyrocketing AI automation costs, with token-based pricing often surpassing employee salaries, sparking debates on its cost-effectiveness.
MediaTek opens 2nd India R&D center in Noida, ₹144cr lease
MediaTek has launched its second Indian R&D center in Noida, leasing 1,04,000 sq ft at BPTP's Capital City for Rs. 144 crore to bolster innovation and talent acquisition.
Bajaj Life Insurance declares biggest-ever ₹1,939cr bonus 2025-26 fiscal year
Bajaj Life Insurance has declared its highest-ever bonus of ₹1,939 crore for FY26, benefiting over 11.89 lakh participating policyholders with eligible traditional plans.
Former OpenAI executives paint troubling picture of Sam Altman's leadership
The ongoing trial between Elon Musk and OpenAI CEO Sam Altman has put the latter's leadership style under a microscope.
Ramp aims to raise $750 million at valuation above $40B
Ramp, an AI-powered corporate card startup, is reportedly in discussions to secure $750 million in funding, potentially co-led by Iconiq Capital and GIC.
Thermax Limited shares surge 12% after strong Q4 FY26 results
Thermax shares soared 12% on May 8, marking their biggest gain in four years, as the company’s Q4FY26 results exceeded CNBC-TV18 estimates across key financial metrics.
Which? sues Apple in UK for nearly £3bn over iCloud
Apple is being sued for nearly £3 billion in the UK over claims by Which? that its iCloud service unfairly limits competition and inflates consumer costs.
ED arrests Gameskraft founders in money laundering case
The Enforcement Directorate (ED) has arrested Deepak Singh, Prithvi Raj Singh, and Vikas Taneja, the founders of online gaming company Gameskraft.
David Roche warns Mideast energy crisis could shrink global GDP
Veteran strategist David Roche warns that optimism around AI-driven growth overshadows severe energy market vulnerabilities, potentially destabilizing global GDP and inflation.
Maersk $500 million/mo Iran war hit, keeps 2026 shipping goals
Maersk CEO Vincent Clerc revealed the Iran war has raised monthly costs by $500 million, which the company plans to fully transfer to customers.
OnEMI, company behind Kissht, lists on Friday, shares at ₹210.80
OnEMI Technology Solutions shares soared 23% above the IPO price, driven by robust investor demand and strong institutional participation in its ₹926 crore initial public offering.
Sony reports 3.4% yearly net profit drop, forecasts record profit
Sony Group Corp. reported a 3.4% drop in annual profit to $6.6 billion but anticipates record-breaking profits of $7.4 billion for the current fiscal year.
ClearTax report: India's tax systems adopt AI but firms lag
Despite AI-driven compliance advancements, ClearTax's 2026 report reveals only one-third of CFOs have real-time visibility into enterprise tax exposure.
Sony expects ¥1.2T net profit as gaming boosts results
Sony projects a 1.2 trillion yen ($7.7 billion) net profit for the fiscal year ending March 2027, driven by strong video game operations and blockbuster PlayStation5 titles.
NVIDIA market cap $5.05 trillion surpasses India's $5 trillion market
Nvidia's market cap has soared to $5.05 trillion, surpassing India's $5 trillion equity market, driven by its dominance in AI infrastructure and explosive growth in GPU demand.
ED arrests Gameskraft founders under PMLA over alleged fraud
The Enforcement Directorate arrested three Gameskraft founders for alleged fraud and money laundering under PMLA, following raids and multiple FIRs linked to the gaming platform.
Dabur shares gain after Q4 FY26 beat and asset sale
Dabur India shares surged after Q4 FY26 earnings exceeded profitability expectations, though analysts remain divided on the stock's future amid portfolio and margin concerns.
Ravi Pandit, KPIT founder and automotive leader, dies in Pune
Ravi Pandit, founder and chairman of KPIT Technologies, a global leader in automotive engineering solutions, passed away on May 8 in Pune, the company announced.
Indian rupee falls 45 paise to 94.67 per US dollar
The rupee depreciated by 45 paise to 94.67 against the U.S. dollar on May 8, 2026, as Brent crude prices surged past $101 per barrel amid U.S.-Iran tensions.
Cloudflare lays off over 1,100 employees amid AI-led restructuring
Cloudflare, a leading cybersecurity company, has announced the layoff of over 1,100 employees worldwide.
EPFO allows up to 50% PF withdrawals via UPI, ATMs
EPFO subscribers may soon withdraw provident funds through ATMs and UPI, with the feature expected to launch by May-end under the modernised EPFO 3.0 initiative.
Government unions press Eighth Pay Commission to update 'family unit'
The 8th Pay Commission discussions spotlight the "family unit" formula, a key factor shaping salary, allowances, and pension revisions for government employees.
SBI set to offload ₹80,000cr ECLGS loans to aid firms
State Bank of India will disburse up to Rs 80,000 crore under ECLGS 5.0 to support businesses impacted by the West Asia crisis, offering extensive credit guarantee coverage.
BSE posts 61% rise to ₹795.47cr, hits ₹3,994 52-week high
BSE shares surged to a 52-week high of ₹3,994 following a 61% y-o-y rise in Q4FY26 net profit, driven by strong derivatives revenue and increased trading activity.
Sony launches ¥500 billion buyback after stock drops 22%
Sony Group Corp. revealed a $3.2 billion share buyback as surging memory costs pressure hardware margins, while its PlayStation 5 sales hinge on affordable component procurement.
Goldman Sachs BDC sees troubled loans rise to 4.7%
Goldman Sachs BDC Inc.’s non-accrual investments rose to 4.7% of its portfolio, driven by mounting concerns over AI disruption and recent additions of struggling companies.
Walmart CEO John Furner: quick commerce rising, Flipkart pushes minutes
Walmart CEO John Furner emphasized the rising demand for speed and convenience during his first India visit, as Flipkart intensifies its quick commerce expansion with Minutes.
Gold and silver rally on weaker dollar, US-Iran peace hopes
Gold prices rose on Friday, continuing their weekly upward trend. The rise comes as concerns over inflation ease and the US dollar weakens.
BSE shares slip despite Q4FY26 profit jumping to ₹797cr
Bombay Stock Exchange shares fell 3% despite a 61% jump in Q4FY26 net profit to Rs 797 crore, driven by an 85% revenue increase fueled by transaction charges growth.
Tata Trusts delay meetings to May 16 as litigation persists
The highly anticipated Tata Trusts meetings, originally scheduled for May 8, have been deferred to May 16 following the Bombay High Court's refusal to halt proceedings.
Biocon Q4 profit drops 57% to 199cr after 80cr 1-off
Biocon Ltd reported a 56.8% drop in consolidated net profit to ₹198.6 crore for Q4 FY26, impacted by an exceptional item outgo of ₹80.4 crore.
India 10-year yield rises as U.S.-Iran clashes close Hormuz
The 10-year bond yield rose 3 basis points to 6.96% as the rupee weakened by 31 paise and Brent crude prices crossed $100 per barrel following US-Iran tensions.
CoreWeave AI cloud posts $2.08B revenue and expenses reach $2.22B
CoreWeave Inc exceeded quarterly revenue expectations, driven by soaring demand for its high-performance cloud services tailored for AI model training and deployment.
Sensex falls 422, Nifty below 24,200 amid West Asia tensions
Sensex opened 422 points lower, while Nifty slipped below 24,200 as banking and IT stocks dragged indices down amid foreign investor selling and geopolitical concerns in West Asia.
Rupee opens weaker at 94.58 vs USD as Brent spikes
The Indian rupee fell 33 paise to 94.58 against the US dollar as escalating US-Iran tensions drove crude oil prices above $100, impacting market sentiment and currency stability.
Indian banks' credit growth seen slowing to 12-13% by FY27
Indian banks are set to witness moderated credit growth of 12-13% by FY27E, driven by cooling demand and supply-side constraints amid a tightening liquidity environment.
Prediction market start-up Kalshi raises $1B at $22B valuation
Kalshi, a leading prediction market platform, has raised $1 billion in its latest funding round. The investment has pushed the start-up's valuation to an impressive $22 billion.
Mid-sized Indian IT firms add $1.1bn and narrow FY26 gap
India's mid-tier IT firms added $1.1 billion in FY26, narrowing the new business gap with larger players as they proved more resilient to AI disruption and demand uncertainty.
TRAI seeks feedback until June 5 on 50L telecom fines
TRAI has proposed a fine of up to ₹50 lakh per quarter on telecom operators for improper handling of customer complaints, aiming to enhance grievance redressal mechanisms.
India received record $138B remittances in 2024, World Migration Report
India achieved a record $138 billion in remittance inflows in 2024, driven by its 19-million-strong diaspora and rising earnings across key global destinations like the US and UAE.
Lupin posts Q4 FY2026 profit up 87.7% to ₹1,468.7cr
Lupin Ltd reported an 87.7% surge in consolidated profit after tax for Q4 FY26, driven by robust US market performance and a 32.9% rise in consolidated sales.
Mumbai-based Piramal Finance to borrow $1 billion for underserved Indians
Piramal Finance plans to raise $1 billion in foreign debt, leveraging offshore banks and agencies to expand its domestic consumer loan book amid rising demand and rupee volatility.
India life-insurance new-business premiums rise nearly 16% to 4.59L/cr FY26
India’s life insurance industry witnessed a 15.7% rise in new business premiums, reaching ₹4.59 lakh crore in FY26, driven by robust demand across group and individual segments.
Jensen Huang says he'd join Trump in China if invited
Nvidia CEO Jensen Huang expressed willingness to join President Trump’s upcoming China visit, highlighting his interest in representing the US at the high-stakes summit.
NVIDIA to invest up to $2.1B in IREN AI infrastructure
Nvidia will invest up to $2.1 billion in IREN to deploy 5 gigawatts of AI infrastructure, addressing surging demand for computing power driven by rapid AI adoption.
Indian investors move $2.2B abroad through February amid rupee weakness
Indian investors are increasingly turning to foreign markets due to limited exposure to AI-driven themes and underwhelming returns from domestic equities.
UK advertisers sue Google for £3 billion over ad favoritism
Google is being sued in the UK for allegedly abusing its dominance in online display advertising, with British advertisers seeking up to £3 billion in compensation.
Gold and silver rise as U.S.-Iran hopes, US dollar weakens
Gold and silver prices rose on Friday, supported by easing inflation concerns, a softer US dollar, and optimism over a potential US-Iran diplomatic breakthrough.
Walmart CEO John Furner ends 1st India visit, meets Modi
Walmart CEO John Furner visited India to assess Flipkart and PhonePe's progress, met PM Modi, and highlighted India's dynamic role in global commerce.
Centre considering raising PMJJBY life cover from ₹2L to ₹5L
The government is considering increasing the insurance cover under PMJJBY to Rs 5 lakh, marking a decade of Jan Suraksha schemes aimed at enhancing financial inclusion.
SpaceX will provide Anthropic compute for Claude with Colossus 1
Elon Musk warned Anthropic that SpaceX could revoke its compute deal if their AI tools harm humanity, emphasizing ethical AI development as a condition for collaboration.
Cloudflare cuts about 1,100 employees to pivot toward AI
Cloudflare announced a workforce reduction of over 1,100 employees, citing preparation for the "agentic AI era" as the reason, emphasizing it is not a cost-cutting measure.
OnEMI Technology Solutions IPO ₹926cr oversubscribed 9.5 times before listing
OnEMI Technology Solutions is set to list today, May 8, with a 16% grey market premium, following strong IPO demand that saw 9.5 times subscription across investor categories.
Tata trusts set May 8 meeting on possible governance changes
The Tata Trusts board meeting on May 8 will address key governance issues, including board composition and power dynamics, amid internal divisions and legal challenges.
US Iran clashes push Asian stocks lower, Brent tops $102
Asian shares fell from record highs as US-Iran clashes heightened geopolitical risks, while crude oil surged over 2% on fears of prolonged disruptions in energy supplies.
Nifty Midcap 100 tops 62,000 on earnings and retail support
Nifty midcap indices soared to all-time highs Thursday, driven by robust earnings, steady retail inflows, and strategic bargain buying despite foreign investor sell-offs.
India faces POS terminal shortage as chip shortages slow imports
India's payments sector faces a PoS terminal shortage due to import disruptions from China and the West Asia crisis, driving up device prices by 15-20% and delaying deployments.
India's biggest telcos oppose TRAI's short voice and SMS packs
India's top telecom operators oppose Trai's draft regulations mandating more voice-and-SMS-only plans, citing low demand, potential digital exclusion, and economic inefficiencies.
Foreign investors pulled ₹30,856 cr in April as financials suffered
Foreign investors extended their sell-off in Indian financial stocks in late April, withdrawing ₹11,704 crore amid inflation concerns and sectoral risk aversion.
India's gold ETFs log 11th straight month, $297.2 million in April
India's gold ETFs marked an eleventh consecutive month of inflows in April, surging 68% from March, despite volatile gold prices and global geopolitical uncertainties.
US court blocks Trump's 10% global tariffs under Trade Act
The U.S. Court of International Trade ruled 2–1 against Donald Trump’s 10% global tariffs, deeming them unjustified under Section 122 of the Trade Act of 1974.
SpaceX preparing June Nasdaq IPO with possible $2 trillion valuation
SpaceX’s June IPO, projected to exceed a $2 trillion valuation, is set to create unprecedented wealth, transforming early investors and employees into billionaires overnight.
Shake Shack shares tumble 30% after $290,000 quarterly loss
Shake Shack's stock plummeted 30% after missing Wall Street expectations, citing bad weather, beef inflation, and declining tourism as key factors behind disappointing results.
Ryan Cohen sells items on eBay to fund GameStop bid
GameStop CEO Ryan Cohen launched an eBay storefront, selling eclectic items like vintage video games and $14,000 socks, to help fund the company’s $55.5 billion bid for eBay.
US dollar strengthens after Iran rejects Strait of Hormuz reopening
The US dollar strengthened amid cautious sentiment over the Iran conflict, as hopes for a de-escalation in the war faced renewed uncertainty.
Oil swings $5 on U.S.-Iran deal hopes, Bandar Abbas reports
Oil prices rebounded after reports emerged that Iran rejected a U.S. proposal regarding the Strait of Hormuz, fueling concerns over escalating geopolitical tensions.
Trump sets July 4 2026 deadline for EU trade deal
US President Donald Trump has warned the EU to ratify its trade deal by July 4, threatening higher tariffs on European goods if commitments remain unfulfilled.
Torrent captures 38% of India generic semaglutide market April 2026
Torrent Pharma has emerged as the frontrunner in India's generic semaglutide market, capturing a 38% share within a month of launch, driven by its diverse delivery formats.
DOJ warns companies at NYU against fake AI merger claims
The DOJ's antitrust head warned companies against using unsubstantiated AI disruption claims to justify mergers, emphasizing the need for evidence during reviews.
Indian banks move wholesale operations home amid Iran US conflict
Indian banks have implemented business continuity plans, relocating staff from West Asia to India. This follows government advisories amid the ongoing Iran-US conflict.
SoftBank eyes NVIDIA and Foxconn for AI servers in Japan
SoftBank is in talks with Nvidia and Foxconn to manufacture high-performance AI servers in Japan, initially assembling components sourced from abroad.
S&P 500 firms beat forecasts as AI fuels earnings
Corporate America celebrates a stellar earnings season, with 84% of S&P 500 firms beating estimates, but rising energy costs and weak consumer sentiment signal challenges ahead.
Indian textile sector seeks rollback of 11% cotton import duty
India's textile sector urges the government to remove the 11% cotton import duty, citing high domestic prices and declining production as key challenges to global competitiveness.
President Trump leads CEOs to China next week for cooperation
Top executives from Nvidia, Apple, Boeing, and other major firms will accompany President Trump to China next week for a high-stakes summit.
JioHotstar brings Swiggy food delivery directly into live IPL streams
JioHotstar has partnered with Swiggy to offer an in-app food ordering feature.
India, Vietnam elevate ties, aim for $25B bilateral trade
India and Vietnam have upgraded their bilateral relationship to an Enhanced Comprehensive Strategic Partnership.
Meet investor who helped Skyroot become India's first space-tech unicorn
Skyroot Aerospace has become India's first space-tech unicorn after raising $60 million (approximately ₹570 crore) in a funding round.
Why Tata Motors' $4.4B Iveco acquisition is getting delayed
Tata Motors' $4.4 billion acquisition of Italian commercial vehicle manufacturer Iveco has been delayed, the latter announced on Thursday.
Musk wanted to poach OpenAI's leadership for Tesla, trial reveals
Testimony from the ongoing legal battle between Elon Musk and OpenAI has revealed that Musk once tried to bring OpenAI's leadership into Tesla.
Paytm has no plans to apply for NBFC license
One97 Communications, which operates the Paytm brand, has announced that it has no plans to apply for a Non-Banking Financial Company (NBFC) license.
FDs over stocks? Where Vijay parks his nearly ₹650cr fortune
Actor Vijay, who recently won big in the Tamil Nadu Assembly elections with his party Tamilaga Vettri Kazhagam (TVK), is now eyeing the chief minister's chair.
Andhra Pradesh government clears ₹2L crore investment proposals
The Andhra Pradesh government has approved investment proposals worth over ₹2 lakh crore.
Noel Tata's resistance to IPO creates an internal rift
Tata Group, one of India's largest conglomerates, is witnessing an internal conflict over the proposed initial public offering (IPO) of its holding company, Tata Sons.
DeepSeek could hit $45B valuation in first funding round
DeepSeek, a Chinese artificial intelligence (AI) lab, is in talks to raise its first-ever venture capital round.
Paytm shares jump 6% after first-ever annual profit
Shares of One97 Communications, the parent company of Paytm, surged nearly 6% in early trade on Thursday.
Snap narrows Q1 loss as revenue rises 12% YoY
Snap Inc., the parent company of Snapchat, has reported its first-quarter earnings for 2026.
What Microsoft is offering employees to retire voluntarily
Microsoft is offering a voluntary retirement package to long-serving employees in the US.
Investor group asks SEC to review SpaceX disclosures before IPO
An investor group advising union pension funds has called on the US Securities and Exchange Commission (SEC) to closely examine SpaceX's disclosures.
Apple's bid to pause App Store ruling denied
The US Supreme Court has denied Apple's request to stay a ruling that found the tech giant in violation of court-ordered changes to its App Store.
Shivon Zilis, mother of Musk's children, testifies in OpenAI trial
Shivon Zilis, an executive at Elon Musk's brain implant company Neuralink and the mother of four of his children, testified in the ongoing OpenAI trial.
Apple to invest ₹100cr in India's renewable energy sector
Apple has announced an initial investment of ₹100 crore to expand its renewable energy capacity in India.
Crude tops $100 again as US-Iran talks remain uncertain
Oil prices have rebounded after a two-day losing streak, recovering from a 10% fall in the previous session.
Ted Turner, CNN founder and pioneer of 24-hour news, dies
Ted Turner, the media mogul who revolutionized global television news by founding CNN in 1980, has passed away at the age of 87. His death was confirmed by a statement from Turner Enterprises.
Skyroot becomes India's 1st space tech unicorn with $60M funding
Hyderabad-based Skyroot Aerospace has become India's first space tech unicorn after raising $60 million in a funding round co-led by Ram Shriram's Sherpalo Ventures and GIC.
Why Pocket FM has laid off 10% of its employees
Pocket FM, the popular audio storytelling app, has laid off around 100-130 employees or nearly 10% of its total workforce, as per Entrackr.
Shocker! OpenAI president Greg Brockman thought Musk would hit him
OpenAI President Greg Brockman has shared details of a tense 2017 meeting with Elon Musk.
UP's defense corridors have received ₹35,000cr boost, says Yogi Adityanath
Uttar Pradesh is witnessing a massive transformation in its defense sector.
How Modi government plans to ensure cybersecurity of finance sector
The Indian government is working on a comprehensive cybersecurity strategy for the financial sector, including banks, securities markets, insurance, pensions, and financial market infrastructure.
SpaceX plans $55B chip factory for AI push
SpaceX has announced plans to invest a whopping $55 billion in a semiconductor manufacturing facility in Texas.
India's exports hit record high of $863B on services surge
India's total exports have reached a new high of $863.11 billion in the fiscal year 2025-26, according to data from the Directorate General of Commercial Intelligence and Statistics (DGCI&S) and the Reserve Bank of India.
This Chinese home appliances giant might start manufacturing in India
Chinese home appliances giant Midea Group is on the verge of finalizing a local manufacturing joint venture (JV) in India, as per Moneycontrol.
RBI's draft rules for property acquisition: How it affects you?
The Reserve Bank of India (RBI) has proposed draft guidelines allowing banks and non-banking financial companies (NBFCs) to take over properties as a last resort for recovering unpaid loans.
NSE's upcoming IPO: Which investors will offload their shares?
India's biggest stock exchange, the National Stock Exchange (NSE), is gearing up for its long-awaited initial public offering (IPO).
Facebook co-founder's venture firm to invest $50-100M annually in India
B Capital, the venture capital firm led by Facebook co-founder Eduardo Saverin, is set to ramp up its investments in India.
Billionaire NVIDIA director Mark Stevens donates $200M to alma-mater USC
Mark Stevens, a billionaire and director at NVIDIA, and his wife Mary, has donated $200 million to the University of Southern California (USC).
Sensex closes 940 points up: Key reasons behind today's rally
The Indian stock market witnessed a major surge on Wednesday, with the benchmark indices Sensex and Nifty gaining over 1% each.
Foreign investors sell ₹2T of Indian equities in 4 months
Foreign institutional investors (FIIs) have pulled out nearly ₹1.98 lakh crore from Indian equities in the first four months of 2026, data from the National Securities Depository Limited (NSDL) showed.
Intel shares hit all-time high as Apple considers chipmaking partnership
Intel's shares have skyrocketed by a whopping 15.4%, hitting an all-time high of $120 per share.
Central banks become net gold sellers after 10-month buying streak
For the first time in 10 months, central banks have become net sellers of gold, according to data from the World Gold Council (WGC).
Grocery delivery start-up Apna Mart fires 10% of its workforce
Accel and Peak XV-backed grocery delivery start-up, Apna Mart, has laid off 10% of its workforce.
Indian firms to pump $20.5B in these US sectors
Indian companies are gearing up to invest over $20.5 billion in the United States across tech, manufacturing and pharmaceuticals sectors.
These stocks in India will benefit from ECLGS 5.0 scheme
The Indian government's approval of the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 is expected to benefit select financial and aviation stocks.
Modi government clears ₹1,570cr ship repair facility in Gujarat
The Indian government has approved the establishment of a modern ship repair facility at Vadinar, Gujarat.
Vi stock jumps 5% after Birla's comeback as non-executive chairman
Vodafone Idea's shares witnessed a major spike of over 5% today. The surge comes after Aditya Birla Group Chairman Kumar Mangalam Birla was appointed as the new non-executive chairman of the debt-ridden telecom company.
Why gold and silver prices are surging today
Gold and silver prices witnessed a surge today, following a minor recovery in global bullion markets. The rise comes after recent losses in the sector.
Apple agrees to $250M settlement over delayed AI features
Apple has agreed to pay $250 million to settle a class-action lawsuit that accused the tech giant of misleading customers over its Apple Intelligence features.
India's services sector hits 3-month high as demand surges
India's services sector has shown signs of recovery, with the Purchasing Managers' Index (PMI) hitting a three-month high of 58.2 in April.
Freshworks to cut 11% workforce as AI reshapes software industry
Freshworks, a leading business-software company, has announced its decision to cut 11% of its workforce.
Samsung hits $1T valuation on AI chip demand
Samsung Electronics has reached a major milestone, hitting a $1 trillion market valuation. The achievement comes on the back of skyrocketing demand for artificial intelligence (AI) chips.
Oil prices fall as Trump pauses military operation in Hormuz
Oil prices fell on Wednesday after US President Donald Trump announced a temporary halt to the naval escort effort in the Strait of Hormuz. The decision has sparked hopes for a possible deal with Iran.
ESG funds: Understanding this financial option
Environmental, social, and governance (ESG) funds are becoming increasingly popular among Indian investors looking to make a positive impact.
L&T's Q4 results: Net profit down 3% to ₹5,326cr
Larsen & Toubro (L&T) has announced a 3% year-on-year decline in its consolidated net profit for the fourth quarter.
Why Nykaa has been sued by Zee Entertainment
Zee Entertainment has filed a lawsuit against Nykaa, accusing the latter of using its copyrighted songs in Instagram reels for product promotion.
SBI customers brace for 4-day disruption amid upcoming staff strike
The State Bank of India (SBI) is likely to witness service disruptions later this month.
Cognizant may cut 12,000-15,000 jobs globally
Cognizant, a leading IT services company, is considering a major workforce reduction that could affect between 12,000 and 15,000 employees worldwide, as per Moneycontrol.
M&M Q4 profit rises 42% YoY to ₹4,668cr
Mahindra and Mahindra (M&M) has announced a 42% year-on-year jump in its consolidated net profit for the fourth quarter of FY25-26.
India's cash withdrawals jump 12%, highest since 2017 demonetization
India is witnessing a major shift in its cash economy as currency in circulation (CIC) has increased by over ₹61,000 crore in the first half of April.
How Amazon's latest move triggered a global logistics stock selloff
Amazon announced a new suite of logistics services, sending shockwaves through the industry.
Google parent Alphabet wants to raise $3.5B via bond sale
Alphabet Inc, the parent company of Google, has returned to the euro market with a mega bond deal.
PNB's Q4 results: Net profit rise 14% YoY to ₹5,225cr
Punjab National Bank (PNB) has reported a strong 14% year-on-year increase in its net profit for the fourth quarter of FY26.