Business News
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Ashok Leyland shares drop as March sales miss market expectations
Ashok Leyland shares dropped 7% on April 1st as the company's March sales fell short of expectations. The vehicle producer's stock is currently trading at ₹151.75.
D-Mart opens 500th store after record 85 openings in FY26
D-Mart, the retail arm of Avenue Supermarts Ltd, ended the financial year with a record 500 stores across India, betting big on physical retail.
EaseMyTrip launches 'Shop on Wheels's EV vans for 200,000 panchayats
EaseMyTrip has partnered with the National Skill Development Corporation (NSDC) and Sanatan AI to launch an entrepreneurship initiative aimed at India's spiritual services sector.
CBDT updates Rule 128 on investment transfers and tax benefits
The Central Board of Direct Taxes (CBDT) has announced amendments to the Income-tax Rules, 2026, effective from April 1, 2026.
Sensex climbs 1.6% to 73,102.90 on Wednesday, Nifty 22,665.65
Despite falling 850 points from its peak, the Sensex still managed to close 1.6% higher due to profit booking and geopolitical factors.
Bitcoin nears $69,000, Ethereum nears $2,100 as market steadies
Bitcoin's value rose to around $69,000 while Ethereum traded near the $2,100 mark as the cryptocurrency market remained steady amidst global uncertainties.
Finance ministry approves ₹1.2L/cr for India's ISM 2.0
India's Semiconductor Mission (ISM) 2.0 is set to receive a significant financial injection of Rs 1.20 lakh crore, following approval from the finance ministry.
Oracle may cut 20,000-30,000 jobs globally amid capital-intensive AI push
Oracle's 2026 layoffs marked a significant single-day event, while Tata Consultancy Services (TCS) executed India's largest annual workforce reduction in 2025-26.
Gold prices fall in Kolkata as wedding season boosts demand
Despite global uncertainties, gold demand in Kolkata is surging due to its perceived security and recent price drops, with a notable increase in light jewellery purchases.
UK raises national minimum wage, top rate now £12.71
Approximately 2.7 million individuals are set to receive a pay increase this week as the national minimum wage rises by 50p to £12.71 for those over 21 years old.
India's smartphone exports could drop 25% amid Iran conflict
India's smartphone exports, including iPhone production, could decrease by 25% due to the ongoing Iran conflict, according to a new report.
Oracle layoffs: nearly 30,000 worldwide, about 12,000 in India, severance
Oracle's recent global layoffs have impacted 12,000 employees in India, who are likely to receive a structured severance package based on tenure and location.
Larry Ellison 2025 video resurfaces amid Oracle about 30,000 layoffs
Oracle co-founder Larry Ellison's video claiming their software is largely written by AI has gone viral, coinciding with the company's recent global layoffs.
Ola Electric shares rise over 9% after 10,117 March registrations
Ola Electric shares surged by 9.07% due to strong business performance in March, with vehicle registrations increasing by over 150%.
Rediff.com files ₹800cr IPO after AvenuesAI acquisition, refocuses on AI
Rediff, an AvenuesAI subsidiary, has confidentially filed for an initial public offering (IPO), aiming to raise between Rs 600 crore and Rs 800 crore.
Indian real estate posts $1.4 billion institutional investments Q1 2026
Indian real estate experienced a robust first quarter in 2026, attracting $1.4 billion in institutional investments, marking a significant 74% year-on-year increase.
GRSE shares rise nearly 18% after record ₹6,400cr turnover
Garden Reach Shipbuilders & Engineers Ltd (GRSE) shares jumped nearly 18% after reporting its highest-ever annual turnover and robust operational performance for FY 2025-26.
From April 1, RBI mandates 2FA for UPI, cards, wallets
The Reserve Bank of India has mandated two-factor authentication for all digital transactions, making OTPs insufficient on their own.
From April India requires extra ID with Aadhaar for PAN
From April 1, new rules for the Permanent Account Number (PAN) in India will require additional documents for application and revise mandatory usage thresholds.
Bombay High Court stays ₹4cr GST demand against hospitality company
The Bombay High Court has granted interim relief to a hospitality company contesting the 18% GST rate imposed on restaurants in high-tariff hotels.
India protects pre April 1 2017 gains, reassuring foreign investors
Investors holding assets acquired before April 1, 2017, are exempt from General Anti-Avoidance Rules (GAAR), according to the Central Board of Direct Taxes.
Jamie Dimon says AI could cut workweek to 3.5 days
J P Morgan CEO Jamie Dimon predicts that AI could lead to shorter work weeks and medical breakthroughs, but also warns of potential workforce disruptions.
OpenAI raises $122B, valuation surges to $852B ahead of IPO
OpenAI, the artificial intelligence (AI) company behind ChatGPT, has raised a whopping $122 billion in its biggest funding round yet.
Gold and silver ETFs gain on easing Iran US tensions
Silver and gold ETFs experienced up to 6% growth due to a weaker dollar and reduced Iran-US-Israel conflict, offering an attractive entry point for long-term investors.
Sensex gains nearly 1,900 points: What's behind today's rally?
The Indian stock market witnessed a major rally today, with the Sensex and Nifty gaining over 2.5% each.
Oil prices climb as Strait of Hormuz remains closed
Despite growing optimism for a potential end to the US-Iran war, crude oil prices experienced a 2% surge on Wednesday, maintaining levels above $100 per barrel.
IndiGo parent InterGlobe Aviation shares jump almost 9% amid rally
IndiGo's shares rose by 9% following the appointment of a new CEO and clarification on aviation fuel prices, sparking a rally in aviation stocks.
Premium petrol and diesel just got costlier in India
Indian Oil Corporation has increased the prices of its premium petrol and diesel variants in Delhi.
Bitcoin briefly tops $68,000 on April 1 amid conflict hopes
Bitcoin briefly reached a high of $68,399 before paring gains as investors tread cautiously due to ongoing geopolitical developments.
Indian markets open FY 2026-27 with Sensex nearly 1,900-point jump
Indian stock markets opened the new fiscal year with a strong rebound, as Sensex jumped nearly 1900 points and Nifty surged by 2.5%.
Sensex and Nifty surge as Iran and US tensions ease
The stock market is witnessing a significant surge today, driven by easing geopolitical tensions and a rebound in oversold stocks.
Indian stocks surge as U.S.-Iran de-escalation hopes lift markets
Nifty50 and BSE Sensex experienced a significant rally in opening trade on Wednesday, driven by hopes of the US-Iran war ending.
Indian rupee closes 94.83 per US dollar amid global tensions
India's currency and debt markets are closed today due to a local holiday, amidst ongoing pressure on the rupee and bond yields.
Sensex, Nifty jump over 2.5% as global conflict fears ease
Indian benchmarks Sensex and Nifty surged over 2.5% on April 1, driven by easing geopolitical concerns, value buying, and a decline in India VIX.
Oracle cuts 30,000 jobs; 12,000 in India alone
Oracle has begun a major round of layoffs, affecting nearly 30,000 employees worldwide. Out of these job cuts, around 12,000 are from India alone.
Commercial LPG price hiked by ₹195.5 across India
In light of rising global oil prices due to the ongoing West Asia conflict, commercial liquefied petroleum gas (LPG) rates have been increased by ₹195.5 today.
Jet fuel prices surge 100% to cross ₹2L in India
Air travelers in India are likely to face a major increase in airfares as jet fuel prices have more than doubled for April. The hike comes amid the US-Iran war and is expected to hit domestic and international flights hard.
Sequoia Capital reinstates Doug Leone as chairman amid tech shifts
Sequoia Capital has named long-time partner Doug Leone as chairman. Leone, with the firm since 1988, previously served as its sole leader.
South Korea's exports jump 48% to $86.1bn on AI-powered semiconductors
South Korea's exports hit a 38-year high in March, driven by AI-led semiconductor demand, despite potential risks from West Asia tensions.
India cuts customs duties on domestically sold SEZ products temporarily
India is set to offer temporary customs duty relief, ranging from 5% to 12.5%, for goods produced in special economic zones and sold domestically from April 1, 2026.
Bitcoin holds near $68,000 as rally follows Trump Iran news
Bitcoin maintains its gains in Asia, ending a five-month losing streak, fueled by US President Donald Trump's plans to conclude the Iran war.
Delhi ATF price jumps to ₹2.07L amid global oil crisis
India has surged the price of aviation turbine fuel (ATF) by over 115% due to the ongoing Iran-US-Israel conflict. This development is set to impact airline stocks on April 1.
Nike forecasts 2% to 4% revenue drop amid Iran conflict
Nike's stock plummeted 9% due to the Iran war's operational disruptions and increased reliance on discounts, impacting the company's future outlook.
Gold rises to $4,737 as US and Iran tensions ease
Gold and silver prices continue to rise, hitting $4,700 and $75 per ounce respectively, as geopolitical tensions and market uncertainties persist.
Delhi commercial LPG price hits ₹2,078.50 amid West Asia tensions
The escalating conflict in West Asia has led to a Rs 195.50 increase in the price of commercial LPG in Delhi, now costing Rs 2,078.50 per 19-kg cylinder.
Asian stocks jump as hopes grow for US Iran deal
Asian equities experienced a significant rise due to the growing optimism about a potential end to the US-Iran war, while oil prices remained steady.
West Asia conflict stalls IPO plans and delays planned listings
The ongoing West Asia war is causing a slowdown in IPOs, leading to delayed exits for investors due to market volatility.
US consumer confidence rises, inflation projected at 5.2% next year
US consumer confidence saw a slight increase in March, despite a significant drop in job openings and a six-year low in hiring rates.
Indian startups raised $10.1B in year ending March 2026
Indian startups raised $10.1 billion in FY26, with artificial intelligence-led ventures attracting significant investor interest.
Microsoft, Chevron, Engine No. 1 sign exclusivity for AI centers
Microsoft has entered an exclusivity agreement with Chevron and Engine No. 1 to explore power solutions for its rapidly expanding AI data centers.
Elon Musk sued over late disclosure of Twitter stake
Elon Musk is set to face a class action lawsuit over allegations of defrauding former Twitter investors by delaying the disclosure of his initial investment.
Dow jumps 1,125 points as Trump report eases Iran tensions
US stocks soared on Tuesday, with Dow Jones gaining 1,125 points and Nasdaq and S&P rising by 3%, as hopes of a de-escalation in the Iran conflict eased oil price fears.
Perplexity AI CEO Aravind Srinivas calls AI job losses arguable
Aravind Srinivas, CEO of Perplexity AI, has sparked outrage by suggesting that people should welcome job displacement by artificial intelligence as most dislike their jobs.
Xerox CEO Steve Bandrowczak steps down, Louie Pastor named
Steve Bandrowczak, CEO of Xerox, has stepped down following a severe stock collapse of over 90% during his tenure. His immediate successor is Louie Pastor.
India plans supply chain reforms to secure energy and fertilizers
India is drafting a sweeping reform plan in response to the West Asia conflict, focusing on self-reliance and strengthening domestic supply chains.
Indian exporters face 40% container shipping increase April 1
Indian exporters are grappling with a significant 40% increase in container shipping rates due to escalating fuel costs and insurance premiums linked to the ongoing Iran war.
Yupp.ai, backed by a16z Crypto, closes after market struggle
Yupp.ai, an AI startup backed by a16z, is discontinuing its operations due to a lack of product-market fit and changing market environment.
Deloitte survey says Indian firms plan 9.1% hikes in 2026
Indian companies predict a steady salary increase of approximately 9.1% in 2026, with life sciences and manufacturing sectors leading the growth, according to a Deloitte report.
United States to launch portal mid-April for $166B struck-down tariffs
The US government's online portal for tariff refunds will initially exclude one-third of the 53 million import entries, according to a recent court filing.
Oracle might have laid off 18% of its global workforce
Oracle has started a major round of layoffs across its global offices.
ITR forms for AY2026-27 notified: Which one should you use?
The Indian government has released the Income Tax Return (ITR) forms for Assessment Year (AY) 2026-27.
India's housing sales dip below 1L mark: What's the reason?
India's housing market has witnessed a major slowdown, with sales across nine major cities falling below the one lakh mark for the first time in 18 quarters.
Indian EV stocks: How to trade effectively
The Indian electric vehicle (EV) sector is witnessing a boom, and so are the stocks of companies associated with it.
Sensex, Nifty likely to rebound on Wednesday: Here's why
The Indian stock market's benchmark indices, the Sensex and Nifty, are expected to open higher on Wednesday. This comes after a two-day losing streak.
Indians use 31GB mobile data monthly, 47% users on 5G
India's average monthly mobile data consumption per user has surpassed the 31GB mark in 2025, a significant increase from 27.5GB in 2024.
Sensex gives zero returns in 2 years: Should you hold?
India's equity markets have been lackluster over the last two years, with the benchmark Sensex now hovering near a two-year low. The index has delivered zero returns during this period.
How US-Iran war has triggered a global helium crisis
The ongoing conflict in Iran is not just affecting energy supplies but also disrupting the supply of helium, a gas critical for cooling artificial intelligence chip-making tools and MRI scanners.
Who is William Walsh, IndiGo's new CEO?
IndiGo has announced the appointment of William Walsh, former British Airways chief, as its new Chief Executive Officer (CEO). The announcement comes after Pieter Elbers's exit from the company.
Air India's new codeshare deal opens doors to Central Asia
Air India has signed a codeshare agreement with Uzbekistan Airways, effective from March 20, 2026.
India may lose 1% GDP growth if US-Iran war continues
The ongoing conflict between US and Iran in West Asia could have a major impact on India's economic growth, according to a recent report by EY.
INOX Air Products gearing up for $1B IPO in India
INOX Air Products, a leading player in the industrial and medical gas sector, is gearing up for a major initial public offering (IPO) in Mumbai.
Oil slips 1% as Trump signals possible end to war
Oil prices fell by nearly 1% on Tuesday, following reports that US President Donald Trump was open to ending the war against Iran.
This B2B manufacturing platform wants to raise ₹5,000cr via IPO
Zetwerk, a leading B2B manufacturing platform, has filed confidential papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
Disney might be interested in buying Fortnite creator Epic Games
The gaming and entertainment industries could be on the verge of a major merger, with rumors of Disney's interest in acquiring Epic Games.
China's factory growth hits 1-year high despite war-related disruptions
China's factory activity expanded at its fastest rate in a year during March, an official survey showed on Tuesday.
F&O trading to become costlier from tomorrow
Trading in equity derivatives is set to become more expensive from April 1.
Airtel raises $1B for data center arm amid AI boom
India's telecom giant Bharti Airtel has raised $1 billion for its data center arm, Nxtra Data. The investment comes from global private equity firms Alpha Wave Global, Carlyle and Anchorage Capital.
Made ITR mistake? Today is last day to fix it
As the March 31 deadline nears, taxpayers who have made mistakes in their tax returns still have a chance to amend them.
Unilever freezes global hiring as US-Iran war disrupts global trade
Unilever, the multinational consumer goods company with over 400 brands, has announced a global hiring freeze.
Convertible debentures: What they are actually
Indian convertible debentures are an interesting investment option for those looking for a combination of fixed income and equity participation.
Centre wants advisories to be legally binding on Meta, others
The Indian government has proposed amendments to its Information Technology (IT) law.
HDFC Bank ex-chair breaks silence on sudden resignation
Atanu Chakraborty, the former part-time chairman of HDFC Bank, has clarified his reason for resigning on March 18.
Agriculture loans: What are the types available?
Agriculture loans are a lifeline for farmers in India, enabling them to fund their farming activities and manage expenses.
MS Dhoni backs AI storytelling platform Kuku
Former Indian cricket captain Mahendra Singh Dhoni has invested in Kuku, a mobile-first artificial intelligence (AI)-driven storytelling platform.
India's industrial output rises 5.2% year-on-year in February
India's industrial output witnessed a jump in February 2026, with the Index of Industrial Production (IIP) growing by 5.2% year-on-year.
Centre clears 1st rare-earth magnet unit in ₹7,100cr electronics push
The Indian government has approved 29 projects worth ₹7,104 crore under the Electronics Component Manufacturing Scheme (ECMS).
Sensex tanks 1,635 points, investors lose nearly ₹10 lakh crore
The Indian equity markets witnessed a massive sell-off on Monday, with the Sensex crashing over 1,600 points and the Nifty falling below the crucial 22,400 mark.
American Airlines 'flight' turn out to be bus-ride, passengers shocked
American Airlines has come under fire for using busses as a mode of transport on certain routes, as part of its Landline service.
Perks to loans: What changes for salaried employees from April
Starting April 1, 2026, salaried employees in India will witness major changes in their corporate perks.
Indian rupee crashes past 95/dollar for first time
The Indian rupee hit a record low today, breaching the key psychological level of 95 against the US dollar.
ATM rules change from April 1: Know limits and charges
HDFC Bank, Punjab National Bank (PNB), and Bandhan Bank have announced changes to their ATM usage rules.
Epic Games layoffs spark backlash over terminally ill employee case
Epic Games, the company behind the popular game Fortnite, has come under fire for its recent decision to lay off 1,000 employees.
Your UPI and card payments are changing from April 1
India's digital payments ecosystem is gearing up for a major security upgrade as the Reserve Bank of India (RBI) prepares to implement stricter authentication norms from April 1.
INR jumps 130 paise to 93.59 after RBI curbs speculation
The Indian rupee opened 130 paise higher against the US dollar today, following a recent directive from the Reserve Bank of India (RBI).
IndiGo enhances India-China air connectivity with daily Kolkata-Shanghai flights
IndiGo has launched a daily non-stop flight connecting Kolkata and Shanghai, starting March 29, 2026. The new service will be operated by A320neo aircraft.