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Knight Frank report: India's data center pipeline hits 8.33 GW
India's data centre pipeline has surged to 8.33 GW, driven by AI adoption, cloud computing growth, and data localisation needs, marking a fivefold increase over current capacity.
China's retail slips 0.6% in May as exports surge 19.4%
China's domestic economy struggles with weak consumer spending, property activity, and credit demand, even as exports grew 19.4% year-on-year in May, Jefferies reports.
Jio Platforms to float 27cr IPO, Google and Meta hold
Meta, Google, and eight other global investors supported Mukesh Ambani's Jio Platforms ahead of its IPO, showcasing India's growing prowess in technology-driven ventures.
SpaceX IPO triggers $8.2B ETF trading after index rule change
SpaceX-linked ETFs amassed $8.2 billion in trading volume within three days, as Jefferies highlighted how rule changes fast-track mega IPOs like SpaceX into global indices.
CRED's biometric UPI feature nears 10M users
CRED, a fintech start-up founded by Kunal Shah, is on the verge of hitting a major milestone with its biometric authentication feature for UPI payments.
Stoxx Europe 600 up 1.5% as oil drops nearly 30%
European equities are outperforming US peers as easing Middle East tensions lower oil prices, boosting cyclical sectors like banks and automakers while reducing stagflation risks.
Kolkata's GRSE named Navratna by government on 19 June 2026
Garden Reach Shipbuilders & Engineers (GRSE) has been awarded Navratna status, enhancing its financial autonomy and marking a milestone in its defence manufacturing journey.
Bitcoin near $63,600 as ETF inflows lift crypto market
Bitcoin holds steady near $63,600 as ETF inflows and institutional buying bolster market confidence despite geopolitical uncertainties and macroeconomic caution.
Jio eyes $230B global opportunity with homegrown telecom tech
Jio Platforms Ltd is eyeing a massive $230 billion global market opportunity with its homegrown telecom technology.
Bank of America report: Flipkart leads, Myntra tops online fashion
Flipkart Group solidifies its leadership in India's e-commerce sector, while Myntra deepens its advantage in online fashion, according to a Bank of America report.
India hailed at Houston 'India Spotlight' roundtable as GCC hub
India's policy reforms and skilled workforce are driving its emergence as a global leader in advanced manufacturing and Global Capability Centres, experts noted in Houston.
Nellore consumer commission orders Lenskart to pay ₹15,000 ₹5,000
Lenskart was ordered to pay Rs 20,000 by the Nellore Consumer Commission for failing to honour its promotional offer, citing deficiency in service and unfair trade practices.
Air India CEO race narrows to Nipun Aggarwal, Vinod Kannan
Air India's leadership race is heating up with Nipun Aggarwal and Vinod Kannan as top contenders.
Goldman Sachs predicts India's BoP surplus and milder rupee depreciation
Goldman Sachs projects a $7.2bn BoP surplus for India in Q1 CY26, citing robust remittances, strong services exports, and moderated oil imports.
Porsche CEO Michael Leiters urges cost cuts before July break
Porsche CEO Michael Leiters aims to finalize a second cost-cutting package with employees before July holidays, ensuring clarity amid reduced production plans.
Vinita Gupta 1st Indian-origin woman IPOs Silicon Valley firm
Vinita Gupta, an IIT Roorkee alumna, made history as the first Indian-origin woman to take her Silicon Valley company public, inspiring engineers and entrepreneurs worldwide.
Global investors pull out $8.5B from India-focused funds
Global investors have pulled out nearly $8.5 billion from India-focused funds in 2026, a report by Elara Securities has revealed.
Reliance targets ₹4L crore EBITDA by 2031, focuses on AI
Reliance Industries has announced its ambitious plan to double its core profits (EBITDA) to ₹4 lakh crore by 2031.
SBI Mutual Fund gets SEBI nod for ₹13,000cr IPO
SBI Mutual Fund, India's leading asset management company, has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO), according to PTI.
Aswath Damodaran warns AI infrastructure boom could exceed dot-com crash
NYU Stern professor Aswath Damodaran warns that AI's debt-fueled infrastructure spending could trigger a broader economic fallout, surpassing the impact of the dot-com crash.
China tightens indium export checks, worrying AI data center chipmakers
China, producing 70% of global indium, is increasing export scrutiny as demand for the niche metal rises due to its critical role in AI data centers.
Jio Platforms files for $4B IPO, to be India's largest
Jio Platforms, the digital subsidiary of Reliance Industries, has filed a draft red herring prospectus (DRHP) with SEBI for an initial public offering (IPO) expected to raise around ₹37,000 crore ($4 billion).
Crypto SPAC listings stall after ReserveOne scraps $1 billion merger
The collapse of ReserveOne’s $1 billion SPAC deal and Avalanche Treasury’s 90% stock drop highlight the growing challenges for crypto-treasury firms amid a bearish market.
Nipun Aggarwal and Vinod Kannan shortlisted for Air India CEO
Air India faces a pivotal moment as Tata Group considers Nipun Aggarwal and Vinod Kannan for CEO, amid internal power struggles and the airline's ongoing operational challenges.
Navneet Srivastava ex-Crest CEO held in nearly ₹75cr CBI probe
A CBI court in Chandigarh has sent ex-CREST CEO Navneet Srivastava to judicial custody till July 3 over alleged ₹75 crore fund diversion during his tenure.
Abu Dhabi AI investor MGX seeks to acquire Singapore-based DayOne
Abu Dhabi-based AI investor MGX is considering acquiring Singapore's DayOne, a data centre operator planning a $20 billion IPO, marking MGX's potential first Asian acquisition.
Reliance announces 'Reliance Intelligence' Jamnagar AI hub, 120MW by 2026
Reliance Industries plans to build India's sovereign AI backbone powered by clean energy and is evaluating a Low Earth Orbit satellite constellation for connectivity.
Indian lenders to raise at least $2bn overseas next week
Major Indian banks, including SBI and Axis Bank, plan to raise over $2 billion via external commercial borrowings next week, leveraging RBI's 1.5% fixed-rate swap incentive.
India imports record Russian crude as Hormuz disruptions curb supplies
India's crude imports from Russia reached an all-time high in June, accounting for 53.5% of total oil inflows, as disruptions in West Asian supplies reshaped its energy strategy.
India's finance panel clears ₹19,700cr carbon capture and storage plan
The expenditure finance committee has approved a ₹19,700-crore scheme to develop carbon capture technologies and reservoirs, aiming to reduce industrial emissions.
Delhi High Court: payments taxable as foreign technical services
The Delhi High Court ruled that payments for deputed employees constitute taxable foreign technical services, potentially raising costs for MNCs bringing foreign talent to India.
India to have 26,000 ultra-wealthy families and $1.3-$1.5tn wealth transfer
India's high-net-worth families are projected to rise from 16,000 in 2025 to 26,000 by 2030, with intergenerational wealth transfers reaching $1.3-1.5 trillion.
India set to approve PLI to build lithium nickel plants
India plans to approve ₹2,000 crore production-linked incentives and duty waivers to boost domestic lithium and nickel processing units, reducing reliance on global supply chains.
Gallup: remote workers likelier laid off than replaced by AI
Remote employees are 25 times more likely to be laid off than replaced by AI, with isolation contributing to a significant rise in mental health issues, recent studies reveal.
India in talks with Rosneft to mine Siberian rare earths
India is negotiating with Russia's Rosneft to access Siberia's rare earth deposits, aiming to reduce import reliance for critical minerals used in EVs and electronics.
As You Sow sues Labor Department over withheld EEO-1 reports
A shareholder advocacy group, As You Sow, has sued the Trump administration for withholding workplace diversity data requested under FOIA, citing investor transparency concerns.
BrahMos missile deal with Vietnam in final stages
The deal for the supersonic BrahMos missile with Vietnam is in its final stages, said Jaiteerth Joshi, CEO of BrahMos Aerospace.
Reliance is building world's first autonomous refinery
Reliance Industries is gearing up to transform its Jamnagar facility into the world's first end-to-end autonomous refinery, Anant Ambani, the company's Executive Director, announced at the 49th annual general meeting.
JioHotstar clocks 450M+ monthly active users
Reliance Jio's streaming platform, JioHotstar, has achieved a major milestone with 451 million monthly active users (MAUs) in FY26.
Reliance Jio's 5G subscriber base crosses 268M
Reliance Jio has announced a major milestone in its 5G journey.
Jio Platforms to file IPO papers today, says Mukesh Ambani
Reliance Industries Chairman and Managing Director Mukesh D. Ambani, the largest shareholder of the group, has announced the filing of the Draft Red Herring Prospectus (DRHP) for Jio Platforms' Initial Public Offering (IPO).
Reliance Industries reports record revenue and profit in FY26
Reliance Industries Limited (RIL) has reported a record high revenue and net profit for the fiscal year 2026 (FY26).
Infosys shares plunge 9%, wiping out ₹40,000cr investor wealth
Infosys's shares plummeted by a staggering 9% on Friday, hitting a new 52-week low of ₹1,030 per share on the Bombay Stock Exchange (BSE).
Oil prices fall as Strait of Hormuz reopens
Oil prices witnessed a decline on Friday amid the reopening of the Strait of Hormuz and an interim US-Iran deal.
Japanese yen nears 40-year low against US dollar
The Japanese yen has plummeted sharply against the US dollar, crossing the 161 mark and nearing a four-decade low.
TCS overtakes Accenture as world's most valuable IT services firm
Tata Consultancy Services (TCS) has surpassed Accenture to become the world's most valuable IT services company for the first time since 2021.
Meta in talks to invest in CRED at $4B valuation
Meta, the parent company of Facebook, is said to be in talks to invest in Indian fintech and payments start-up CRED.
Intel shares surge 10% after Trump announces Apple chip deal
Intel's shares soared by 10% on Thursday, following President Donald Trump's announcement of a partnership between the semiconductor giant and Apple.
Craigslist founder gives away $500M, slams billionaires leaving donation pledge
Craig Newmark, the multi-millionaire founder of online classifieds platform Craigslist, has given away about $500 million to charity since starting the company 30 years ago.
Sensex, Nifty plunge over 700 points as IT stocks crash
The Indian stock market witnessed a sharp decline in early trade on Friday, breaking a five-day winning streak.
Reliance AGM today: When and where to watch live
Reliance Industries is gearing up for its 49th Annual General Meeting (AGM) today, with investors keenly awaiting updates on the company's future plans.
Trump mocked Bezos, Zuckerberg's attempts to win him, book reveals
In a new book by New York Times reporters Maggie Haberman and Jonathan Swan, it has been revealed that Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos tried to win over the US President Donald Trump after his 2024 election victory.
Starbucks plans 50-100 new stores every year in India
Starbucks is planning to expand its footprint in India by opening 50-100 new stores every year. This was revealed by Tata Starbucks Chief Executive Officer Sushant Dash in an interview with Bloomberg Television.
BBC to cut 550 jobs as part of cost-saving plan
The British Broadcasting Corporation (BBC) has announced plans to cut 550 jobs in its news, nations, and TV and radio content divisions.
Meta CTO says workers' morale is near record lows
Meta's Chief Technology Officer (CTO) Andrew Bosworth has evealed that employee morale at the company is probably one of the worst it's ever been.
NSE IPO could turn SBI's ₹2cr bet into nearly ₹5,000cr
The State Bank of India (SBI), India's largest lender, is poised to make a massive profit from its investment in the National Stock Exchange (NSE).
IndiGo launches airport cab service
IndiGo has launched a new airport transfer service called 'Cabs with IndiGo.' The innovative offering lets customers book cabs to and from airports in different Indian cities.
Gold, silver prices fall after US Fed holds rates steady
Gold and silver prices have witnessed a decline after the US Federal Reserve's decision to keep interest rates unchanged.
India-UK FTA starts July 15: What's getting cheaper for Indians?
India's Free Trade Agreement (FTA) with the United Kingdom will come into effect on July 15, nearly a year after it was signed.
Bitcoin price drops below $65,000
Bitcoin's price has dropped below the crucial $65,000 mark amid easing geopolitical tensions in the Middle East and a more hawkish stance from the US Federal Reserve.
India seeks $2.5B loans from World Bank, ADB
India is in talks with the World Bank and Asian Development Bank (ADB) to secure $2.5 billion in funding, according to Bloomberg.
Cult.fit plans ₹4,000cr IPO this month
Cult.fit, India's leading fitness services provider, is gearing up to file its draft red herring prospectus (DRHP) for an initial public offering (IPO) worth ₹3,500-4,000 crore this month, as per Moneycontrol.
JPMorgan drops Anthropic's Claude from approved list in Hong Kong
JPMorgan has removed Anthropic's Claude AI models from an internal list of approved AI tools in Hong Kong, according to Financial Times.
Oil prices fall as US-Iran peace deal eases supply fears
Oil prices fell on Thursday after US President Donald Trump and his Iranian counterpart Masoud Pezeshkian signed a deal.
NSE files for ₹30,000 crore IPO
The National Stock Exchange of India (NSE), the country's largest stock exchange and a major player in global derivatives market, has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator SEBI.
How a $4B sneaker brand became an AI company
Shoe manufacturer-turned-AI infrastructure firm, Allbirds, has announced a major rebranding and executive change. The company will now be known as Smartbird.
RBI removes interest rate cap on new FCNR(B) deposits
The Reserve Bank of India (RBI) has removed the interest rate ceiling on new three- and five-year Foreign Currency Non-Resident Bank (FCNR-B) deposits.
This Indian data center company raised ₹7,000cr at ₹44,914cr valuation
CtrlS Datacenters, a leading Indian data center company, has secured a massive ₹7,000 crore investment from the Canada Pension Plan Investment Board (CPP Investments).
Why IOC, BPCL, and HPCL could each gain ₹20,000cr
India's oil marketing companies (OMCs) could see a major boost in profitability if the current trend of falling crude oil prices continues.
Manipal Hospitals plans $1B IPO in July
Manipal Health Enterprises, which runs the Manipal Hospitals chain, is planning to launch its initial public offering (IPO) as early as next month, as per the Economic Times.
Blue Star, Voltas shares rally amid delayed monsoon
Shares of air conditioner manufacturers and related companies have witnessed a jump of up to 5% on Wednesday.
This 25-year-old sold his AI start-up to Musk for $60B
Michael Truell, a 25-year-old co-founder and CEO of Cursor, an AI coding start-up, has become one of the youngest self-made billionaires in the artificial intelligence era.
Does Louis Vuitton owner Bernard Arnault control French press?
Bernard Arnault, the billionaire owner of the world's largest luxury group LVMH, is facing criticism from journalists' unions in France for his increasing dominance over the country's business and economic press.
Why US government wants lawsuit against xAI to be dismissed
The US Justice Department has moved to dismiss a lawsuit against Elon Musk's xAI, a company accused of operating without proper permits.
You can soon order electronics, jewelry, furniture on Amazon Now
Amazon is ramping up its quick-commerce operations in India by launching over 100 Urban Fulfillment Centers (UFCs).
This housing finance company is planning ₹3,000cr IPO in India
Warburg Pincus-backed TruHome Finance is gearing up for a ₹3,000 crore initial public offering (IPO), Moneycontrol reported.
Google Pay, PhonePe's combined UPI market share now below 80%
For the first time since the National Payments Corporation of India (NPCI) began publishing app-specific transaction data, PhonePe and Google Pay's combined market share has fallen below 80%.
Air India now offers 'Basic' fare on certain domestic flights
Air India has launched a new 'Basic' fare on select domestic routes, aimed at price-conscious travelers.
India's stock market regains $5T valuation
The combined market capitalization of all BSE-listed companies has crossed the $5 trillion mark, hitting a six-week high.
Why Vedanta Aluminium shares are down 14% in 3 days
Vedanta Aluminium, touted as the "crown jewel" of Vedanta Group, has witnessed a massive 14% decline in its shares within three days of listing.
SpaceX overtakes Amazon, Microsoft in market value
SpaceX briefly surpassed Microsoft in market capitalization on Tuesday, becoming the fourth-largest company in the world.
Jio set to file for $4B IPO within days
Reliance Jio Infocomm is expected to file its draft papers for a $4 billion initial public offering (IPO) "within days," as per the Financial Times.
Oil prices fall below $80 for first time since March
Oil prices have started to cool off, falling below $80 per barrel for the first time since early March.