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Vodafone Idea stock jumps after SBI-led ₹35,000 cr funding update
Vodafone Idea shares climbed 6.5% in four sessions, gaining nearly 45% in a month, driven by optimism around a proposed Rs 35,000-crore debt funding package.
Epsilon India at Publicis Groupe scales with AI without hiring
Epsilon India's MD highlights how AI enhances productivity, enabling increased output and efficiency without expanding headcount in Bengaluru's tech hub.
AIIB launches $10 billion 2-year facility for West Asia fallout
The Asian Infrastructure Investment Bank (AIIB) has unveiled a $10 billion fund to assist member nations facing energy, food, and economic challenges due to the West Asia conflict.
Colgate-Palmolive India Q4 revenue, EBITDA beat estimates net profit ₹353.3cr
Colgate-Palmolive India surpassed revenue and EBITDA estimates in Q4 FY26, reporting ₹1,595.4 crore in revenue and declaring a ₹24 per share interim dividend for shareholders.
India's organized gold jewelry sales to fall 13-15% in FY27
India's gold jewellery retail sector is projected to witness a 13-15% year-on-year decline in sales volumes in FY27, driven by elevated gold prices and higher import duties.
RBI says reserves down $8.09 billion to $688.89 billion
India's foreign exchange reserves dropped by $8.09 billion to $688.89 billion as of May 15, driven by declines in foreign currency assets and gold reserves, according to RBI data.
Lupin secures 1st-ever China approval for oseltamivir phosphate oral suspension
Lupin Limited has received approval from China's National Medical Products Administration to launch Oseltamivir Phosphate, marking its first entry into the Chinese market.
Indian stock markets close higher as Sensex 75,415.35 Nifty 23,719.30
Sensex rose 231 points to 75,415, while Nifty ended at 23,719. Gains were driven by banking stocks and optimism from global markets amid US-Iran peace negotiation hopes.
Indian rupee rises 63 paise to 95.73 per USD Friday
The rupee appreciated 63 paise to close at 95.73 against the US dollar on Friday, supported by easing crude oil prices and possible Reserve Bank intervention.
Muthoot MCred posts 88% FY26 profit surge to ₹176.90cr
Muthoot MCred Limited recorded an 88% rise in PAT to ₹176.90 crore in FY26, driven by a 60% surge in AUM, reaching ₹6,625.07 crore as of March 31.
RBI transfers record ₹2.87L/cr surplus to central government for FY26
The Reserve Bank of India approved a record dividend of Rs 2.87 lakh crore to the central government for FY26, providing a fiscal cushion amid global economic challenges.
Moneycontrol Eco Pulse index 51.6 in April shows India expanding
India’s economy rebounded in April as the Moneycontrol Eco Pulse Index climbed to 51.6, driven by robust manufacturing growth and a sharp recovery in merchandise exports.
Nucleus Software Exports order book ₹1,000 cr amid AI focus
Nucleus Software Exports is boosting investments in AI-driven banking solutions as its order book surges to ₹1,000 crore, despite facing elongated deal cycles and margin pressures.
Steel Ministry seeks removal of anti-dumping duty on met coke
India's Ministry of Steel has requested the Finance Ministry to remove anti-dumping duties on low-ash metallurgical coke imports.
SEBI issues temporary WFH advisory, postpones non-essential events
The Securities and Exchange Board of India (SEBI) has issued a temporary administrative advisory, allowing work-from-home for its employees, according to Moneycontrol.
Samsung averts strike with deal offering an average $338,000 bonus
Samsung Electronics has averted a planned 18-day strike by reaching a tentative agreement with labor unions.
Company 3 million India recommends ₹506 dividend subject to shareholder approval
3M India reported a threefold surge in Q4 profit to ₹215 crore and declared a ₹506 per share dividend, driven by robust growth across healthcare and industrial segments.
Japan and India set $68B private Japanese investment into India
Japan has unveiled a $68 billion investment plan for India, focusing on semiconductors, AI, and advanced manufacturing under its updated Indo-Pacific strategy.
Walmart CEO John Furner praises Flipkart Minutes's 13-minute deliveries
Walmart Inc President and CEO John Furner lauded Flipkart’s rapid 13-minute delivery service, highlighting its innovation and efficiency during the Q1 FY 2027 earnings call.
Gaming studio Bungie to fire staff amid 'Destiny 2' shutdown
Bungie, the studio behind the popular Destiny franchise, is reportedly planning a round of layoffs.
Sridhar Vembu praises NPCI and UPI on Innovators Playground podcast
Zoho co-founder Sridhar Vembu lauded NPCI for revolutionizing India’s digital payments via UPI, while emphasizing the need for self-reliant AI tailored to Indian requirements.
Wingify crosses $100 million ARR after acquiring French AB Tasty
Wingify anticipates strong growth in FY27, driven by AI adoption and acquisitions like AB Tasty, following an investment-heavy FY26 focused on expansion and integration.
US states urge judge to break up Live Nation, Ticketmaster
A coalition of 33 US states and the District of Columbia has filed a motion in the Southern District of New York, calling for the breakup of Ticketmaster and its parent company, Live Nation.
RBI sells $2 to $3 billion, steadies rupee above 96
The Reserve Bank of India sold an estimated $2–3 billion, lifting the rupee past 96 per dollar after recent record lows, Reuters reported citing market participants.
PFRDA unveils draft policy to speed NPS complaint resolution
The PFRDA has proposed reducing grievance resolution timelines for NPS subscribers, aiming for quicker complaint handling and enhanced accountability across all levels.
Aditya Birla Capital to deploy ₹3,500cr and allocate ₹500cr
Aditya Birla Capital will allocate Rs 3,500 crore from its Rs 4,000 crore fundraise to fuel business growth, with an additional Rs 500 crore earmarked for corporate purposes.
SBI Mutual Fund raises Bandhan Bank stake to 5.04%
SBI Mutual Fund increased its stake in Bandhan Bank to 5.0432% by acquiring 16,98,478 shares on May 20, crossing the significant 5% ownership threshold.
Boeing India upgrades manufacturing, spends around $100 million training pilots
Boeing India is advancing its manufacturing capabilities by transitioning to complex assemblies and composites, while fostering civil and defence collaborations.
Reliance Retail's Ajio names Sandeep Karwa senior leader on LinkedIn
Ajio has appointed ex-Flipkart executive Sandeep Karwa to drive growth and innovation in its online fashion and lifestyle business amid rising market competition.
Ixigo launches Ixigo NEXT AI interface to simplify travel tasks
ixigo is leveraging AI-driven tools and expanding its hotel offerings to drive growth, as flights surpass railways to become its largest business segment by transaction value.
Mufin Green Finance stock rises on strong FY2026 results
Mufin Green Finance shares rose 0.71% to ₹122.75 after FY26 results revealed nearly doubled AUM and tripled profit, showcasing strong growth in EV and solar financing.
IMAX in early-stage talks for potential sale
IMAX, the giant behind the big-screen experience, is in early-stage talks with potential buyers, according to The Wall Street Journal.
Indian rupee hits record low versus UAE dirham, expats remit
Indian expatriates in the UAE are accelerating remittances as the rupee hits a record low of Rs 26.29 against the dirham, creating highly favorable exchange rates for transfers.
Honasa Consumer shares hit ₹398 52-week high amid investor excitement
Honasa Consumer Limited shares surged over 6% to a 52-week high of ₹398, driven by strong Q4FY26 results that exceeded estimates and highlighted robust revenue and margin growth.
FDA approves Alembic levothyroxine sodium tablets similar to AbbVie's Synthroid
Alembic Pharmaceuticals secured USFDA approval for Levothyroxine Sodium Tablets, used in thyroid disorder and cancer treatment, marking its 239th ANDA approval milestone.
L&T Finance to unveil AI-driven UPI platform this fiscal year
L&T Finance CEO Sudipta Roy reveals the company's strategic shift to a private cloud infrastructure, aiming to reduce compute costs by two-thirds and enhance AI-driven operations.
UK borrowed £24.3bn in April as spending outpaced revenue
UK government borrowing reached £24.3bn in April, exceeding forecasts by £3.4bn, driven by inflation-linked benefit increases and record-high debt interest payments of £10.3bn.
MTAR Technologies shares jump over 6% on ₹467cr international order
MTAR Technologies shares surged over 6% after securing a ₹467 crore international order, marking a remarkable 398% gain in the past year.
Oil prices rise as US-Iran talks remain uncertain
Oil prices have resumed their upward trend after a three-day slump, amid uncertainty over the US-Iran peace deal negotiations.
Prestige Estates Projects March 2026 quarter net ₹250.1cr, revenue ₹4,143.5cr
Prestige Estates Projects Ltd reported a consolidated net profit of ₹250.1 crore for Q4 FY26, a significant rise from ₹25 crore in the same period last year.
PFRDA Chairman Deepak Mohanty Ramann says APY cap may rise
The PFRDA is evaluating proposals to raise the Rs 5,000 monthly pension cap under Atal Pension Yojana, citing long-term government liabilities as a key factor.
Meta settles lawsuit over social media addiction in children
Meta, the parent company of Facebook and Instagram, has settled a major lawsuit with the Breathitt County School District in Kentucky.
Reserve Bank of India caps digital EMIs at half income
The Reserve Bank of India has introduced stricter digital lending guidelines to enhance transparency, protect borrowers, and promote responsible borrowing practices.
Crypto market quiet as Bitcoin near $77,700 and Ethereum $2,130
Bitcoin hovers near $77,700, holding critical support at $76,000-$76,500, while Ethereum trades around $2,130 amid cautious sentiment as crypto market recovery remains sluggish.
Gold falls as strong dollar, Federal Reserve hike expectations rise
Gold prices dipped 0.3% as a stronger US dollar and rising oil prices fueled expectations of prolonged high interest rates, pressuring the non-yielding metal's appeal.
India's 10-year yield falls to 7.08% ahead of ₹32,000-cr auction
The benchmark 10-year bond yield slipped three basis points to 7.08% as traders stayed cautious before a key weekly debt auction and potential RBI dollar sales.
Reliance Power reports ₹494cr net loss in March quarter
Reliance Power posted a consolidated net loss of ₹494 crore for Q4 FY26, compared to a net profit of ₹125.57 crore in the same quarter last year.
Aurobindo Pharma becomes India's 2nd-biggest overtaking Dr Reddy's with ₹33,653cr
Aurobindo Pharma surpassed Dr Reddy’s Laboratories in FY26 with ₹33,653 crore revenue, driven by European growth, becoming India’s second-largest pharma company after Sun Pharma.
TCS defers Wings unit evaluations and assessments amid AI-first shift
TCS has deferred its promotion-linked Wings programme, citing alignment with its AI-first strategy and evolving business needs, sparking employee concerns over career progression.
Air India unveils Maharaja Lounge at San Francisco International Airport
Air India debuts its luxurious Maharaja Lounge at San Francisco International Airport, enhancing premium travel experiences and strengthening its presence in North America.
Sanjay Malhotra says RBI won't raise interest rates outside schedule
The Reserve Bank of India is unlikely to implement an off-cycle rate hike despite rupee volatility and rising crude oil prices, focusing instead on balancing inflation and growth.
Campus Fund report: 17% deep-tech, Ph.D. founders rise nearly 7-fold
India’s student startup ecosystem is shifting toward deep-tech and research-led ventures, with sectors like AI, defence, and quantum technologies gaining prominence over edtech.
Capital Group invests over $2 billion in 3 Adani firms
Capital Group has invested over $2 billion in three Adani Group firms, signaling a strategic pivot from Reliance Industries amid shifting foreign investor preferences in India.
AI demand and data localization driving India's data centers growth
India is witnessing a rapid surge in data centre capacity, driven by AI adoption and data localisation policies, positioning the country as a global hub for digital infrastructure.
Nifty IT plunges to 27,078, wiping out nearly ₹18Lcr value
India's top IT firms have lost ₹17.6 lakh crore in market value amid AI disruption fears and weak spending, pushing valuations to their lowest since the global financial crisis.
ASCI releases draft guidelines classifying AI ads and banning deepfakes
India's ad regulator ASCI drafts guidelines to address transparency and risks in AI-generated advertising, categorizing ads into high, medium, and low risk for consumer protection.
Adani Power announces purchase of Jaypee Group assets for ₹4,200cr
Adani Power will acquire stakes in Jaypee Group's power assets, including a 24% stake in JPVL and the Churk thermal plant, as part of Jaypee's debt restructuring efforts.
Rupee down over 7% at ₹96.3 against US dollar
The rupee has depreciated 7.04% against the dollar in 2026, driven by soaring crude oil prices amid the Iran-U.S. war and persistent foreign investor equity outflows.
Dozens of states ask federal judge to split Live Nation-Ticketmaster
Over 30 states urge Judge Arun Subramanian to dismantle Live Nation-Ticketmaster, following a jury's ruling that the company operates as an illegal monopolist.
Japan's core inflation 1.4% hits 4 year low, testing BOJ
Japan's core inflation slowed to 1.4% in April, the lowest in four years, as government subsidies curbed living costs, challenging the Bank of Japan's plans for a rate hike.
Vodafone Idea stock rises 61% after over ₹23000cr AGR cut
Vodafone Idea shares surged 61% since April, driven by government AGR relief, fresh promoter funding, and operational improvements like rising ARPU and reduced losses.
Indian B2B AI startups deploy projects in under 3 months
India's B2B AI startups are witnessing shorter sales cycles as companies rapidly adopt AI, moving from proof of concept to large-scale deployments within months.
India's diesel spike and outages risk ₹300cr telecom costs
Surging summer power demand and rising diesel prices are escalating operational challenges for India's telecom industry, threatening network reliability and increasing costs.
Foreign investors pull nearly ₹18,000cr from India's financial sector
Foreign investors withdrew ₹17,960 crore from India's financial sector in early May, driven by tighter banking margins and India's reduced appeal among emerging markets.
TRAI, Centre probe Airtel priority postpaid plan for net neutrality
Indian authorities are examining Airtel's priority postpaid service to ensure compliance with net neutrality norms and assess its impact on prepaid users' service quality.
Vedanta Resources to restructure over $5bn after Vedanta Ltd demerger
Vedanta Resources Ltd is in talks with global banks to refinance $5.25-5.5 billion debt through 10-year bonds and five-year loans, aiming to align repayments with cash inflows.
Venezuela overtakes Saudi Arabia as India's 3rd biggest oil supplier
Venezuela has become India’s third-largest crude oil supplier in May, surpassing Saudi Arabia and the US, driven by increased purchases of its cost-effective, heavy crude.
Rupee ends 10-day skid, hits 96.20 as RBI stepped in
The Indian rupee rebounded sharply after 10 days of losses, driven by significant Reserve Bank of India interventions and speculation about potential interest rate hikes.
Investors diversify beyond TSMC as Asia's AI chip market expands
As AI demand diversifies, investors are shifting focus from TSMC to other tech players like MediaTek and Samsung, driven by broader hardware needs and memory market growth.
SpaceX IPO filing warns Grok 'Spicy' 'Unhinged' modes pose risk
SpaceX's IPO paperwork highlights potential financial and reputational risks tied to Grok chatbot’s “Spicy” mode, citing concerns over harmful content and regulatory scrutiny.
Experts warn Strait of Hormuz closure could spark 2008-style shock
A prolonged Strait of Hormuz closure could trigger an economic downturn akin to the 2008 recession, with oil prices potentially peaking at $130 per barrel.
Bengaluru ET Power table says AI will transform Indian companies
Indian business leaders foresee AI becoming central to operations within 4-5 years, with discussions highlighting its current applications and future transformative potential.
Indian companies' overseas investment surged to $3.37B in April 2026
Indian companies' overseas direct investments more than doubled to $3.37 billion in April, driven by equity flows and led by major players like Coforge and Lupin.
OpenAI expands law firm roster amid lawsuits, clears court hurdle
OpenAI, valued at $852 billion, has enlisted over a dozen top U.S. law firms to navigate complex litigation and major deals amid IPO preparations and copyright disputes.
Government notifies Insolvency and Bankruptcy Code changes to help MSMEs
The government has eased insolvency resolution norms for MSMEs, reducing valuation requirements and tightening conflict-of-interest rules in pre-packaged processes.
US and India aim for $500B annual trade by 2030
The US aims to finalize a bilateral trade agreement with India, enhancing market access and reducing barriers, as stated by Ambassador Sergio Gor at a recent event.
RBI may transfer ₹2.9-3.2 trillion surplus to government
The Reserve Bank of India (RBI) is set to make a record surplus transfer to the central government for the current fiscal year.
This Indian-origin Musk ally could make $92B from SpaceX IPO
Antonio Gracias, an Indian-origin investor and close associate of Elon Musk, stands to gain a massive windfall from SpaceX's upcoming IPO.
X fined in Australia for not complying with child-safety measures
Elon Musk's social media platform, X Corp, has been fined A$650,000 (nearly $463,063) by an Australian court.
WeWork India shares surge 20% after strong Q4 results
WeWork India Management Ltd's shares hit the upper circuit limit of 20% on Thursday, following a stellar performance in its fourth quarter (Q4) earnings.
What Meta is offering thousands of laid-off employees
Meta Platforms has started laying off around 8,000 employees globally. The move is part of a larger organizational restructuring aimed at improving efficiency and reallocating resources.
SpiceJet faces fresh legal trouble, lessor seeks $8M dues enforcement
Cash-strapped airline SpiceJet is facing another legal challenge.
SpaceXAI is hiring! Musk says no prior AI experience needed
Elon Musk's SpaceX is on a new hiring spree for its artificial intelligence (AI) division, dubbed "SpaceXAI."
What drove India's wholesale inflation to a 42-month high
India's wholesale inflation has hit a 42-month high, soaring to 8.3% in April from March's 3.88%.
JPMorgan to hire more AI specialists, fewer bankers
Jamie Dimon, the CEO of JPMorgan Chase, has announced that the company will be hiring more artificial intelligence (AI) specialists. This comes as a shift from traditional banking roles.
RBI considers interest rate hike to stabilize rupee
The Reserve Bank of India (RBI) is weighing all possible measures to stabilize the Indian rupee, including an interest rate hike and currency swaps.
RBI considers rate hike as rupee hits new low
The Reserve Bank of India (RBI) is exploring various measures to stabilize the rupee, including an interest rate hike.
India IPO market set for revival in second half: Citigroup
Citigroup has predicted a revival in India's initial public offering (IPO) market in the second half of 2026.
350 jobs at risk in Ireland as Meta plans layoffs
Meta, the parent company of Facebook, Instagram, and WhatsApp, has announced plans to cut about 10% of its workforce.
Indian-origin Microsoft veteran Soma Somasegar (59) dies
Soma Somasegar, a highly respected Indian-origin technology executive and former Microsoft executive, has died at the age of 59.
OpenAI could go public by September
OpenAI, the company behind the popular ChatGPT chatbot, is gearing up for an initial public offering (IPO) in the coming weeks, according to The New York Times.
Publishers win $19.5M judgment in piracy lawsuit against shadow library
A coalition of 13 major publishers has won a massive $19.5 million judgment against the controversial shadow library, Anna's Archive.
India's private sector growth slows in May
India's private sector activity witnessed a slowdown in May, with the HSBC India Composite Purchasing Managers' Index (PMI) easing to 58.1 from April's 58.2.
NVIDIA hits record revenue, announces $80B buyback plan
NVIDIA has reported a record-breaking revenue of $81.6 billion for the quarter ending April 26, marking a 20% increase from the previous quarter.
Anthropic on track for 1st-ever profitable quarter
Anthropic, the AI start-up that has been making waves in the industry, is on track to achieve its first-ever profitable quarter, according to The Wall Street Journal.
xAI lost $6.4B last year, SpaceX's IPO filing reveals
Elon Musk's artificial intelligence (AI) company, xAI, reported a staggering $6.4 billion operating loss in 2025, according to SpaceX's IPO filings.
Musk's SpaceX pay hinges on Mars colonization, space data centers
Elon Musk's compensation package as the CEO of SpaceX is heavily dependent on ambitious space exploration milestones.
Intuit to lay off 3,000 employees
Intuit, the financial software giant behind popular products like TurboTax and QuickBooks, is laying off nearly 3,000 employees or about 17% of its global workforce.
SpaceX files for IPO
Elon Musk's space exploration company, SpaceX, has filed for an initial public offering (IPO) in the US.
Samsung averts major strike after tentative wage deal
Samsung Electronics' shares surged by as much as 6.5% in morning trade on Thursday.
India's core sector output jumps 1.7% in April
India's infrastructure output witnessed a modest growth of 1.7% in April, up from a revised 1.2% in the previous month.
Lenskart's Q4 results: Net profit down 7.5% YoY to ₹204cr
Leading eyewear brand Lenskart has announced its financial results for Q4 of FY26.
Ola Electric's Q4 loss down 42.5% YoY to ₹500cr
Ola Electric Mobility has reported a consolidated net loss of ₹500 crore for the March quarter.
BPCL now imports 41% of its oil from Russia
State-owned Bharat Petroleum Corporation Limited (BPCL) has ramped up its import of Russian oil to around 40-41% of its total imports.
US company slammed for rewarding vaping with Bitcoin
Puffpaw, a blockchain hardware manufacturer in the US, has come under fire for its controversial marketing strategy.
India's competition watchdog has a warning for Big Tech firms
The Competition Commission of India (CCI) has vowed to prevent Big Tech firms from creating a "winner-takes-all" environment in the country's rapidly growing digital economy.
Modi's 'Melody' moment with Italian PM sparks Parle Industries rally
Shares of Parle Industries have hit the upper circuit after Prime Minister Narendra Modi's gesture of gifting Melody toffees to Italian Prime Minister Giorgia Meloni during his Rome visit.
India's GDP to grow at 6.4% in 2026: UN
The United Nations (UN) has revised its economic growth forecast for India, projecting a rate of 6.4% for 2026. The new estimate is lower than the previous projection of 6.6%.
US Treasury bond yield hits 19-year high: What's the reason?
The yield on the 30-year US Treasury bond has surged to its highest level since 2007, hitting a peak of 5.2%.
Crude oil prices surge in India today: What's the reason?
Crude oil prices on the Multi Commodity Exchange (MCX) rose nearly 0.7% to ₹10,095 per barrel today.
Southwest Airlines opens 1st tech hub outside US in Hyderabad
Southwest Airlines has opened its first-ever Global Innovation Center outside the US in Hyderabad.
Why India Semiconductor Mission 2.0 might be extended to 12-years
The Indian government is mulling an extension of the second phase of the India Semiconductor Mission (ISM) to up to 12 years, senior officials have told Business Standard.
After Trump-Xi summit, China agrees to buy 200 Boeing jets
China has confirmed its decision to buy 200 Boeing jets, following a recent meeting between US President Donald Trump and Chinese President Xi Jinping in Beijing.
India to send oil tankers through Strait of Hormuz again
India is gearing up to send vessels through the Strait of Hormuz for energy cargoes from Middle East suppliers.
Over 48,000 Samsung workers set to strike tomorrow
Samsung Electronics' labor union has announced plans to strike on May 21, after wage negotiations with the tech giant failed.
Meta begins laying off 8,000 employees
Meta Platforms has started laying off around 8,000 employees worldwide as part of a restructuring process.
Tesla cancels India factory plans
Tesla has reportedly scrapped its plans to set up an electric vehicle (EV) factory in India.
India plans $1B incentive for electric busses, trucks adoption
Indian government is mulling over an incentive program worth over $1 billion to promote the adoption of electric busses and trucks by private operators.
Indian rupee hits all-time low of ₹96.91 against US dollar
The Indian rupee has hit an all-time low of ₹96.91 against the US dollar, owing to rising US Treasury yields, high crude oil prices, and geopolitical tensions in West Asia.
Gold rises on US-Iran deal optimism
Gold prices saw a slight uptick on Wednesday, driven by hopes of a possible peace agreement between the United States and Iran.
Google DeepMind's Demis Hassabis was an early Anthropic investor
Demis Hassabis, the co-founder of Google's DeepMind, was an early investor in the artificial intelligence start-up Anthropic, according to a report by Financial Times.
Why founders of Groww have sold shares worth ₹260cr
The promoters and promoter group of wealth-tech firm Groww have sold a combined 0.23% stake in the company for ₹250-260 crore.
SpiceJet can seek Delhi HC's relief from ₹144cr deposit order
The Supreme Court of India has allowed budget carrier SpiceJet to approach the Delhi High Court for relief from a ₹144.5 crore deposit order.