Business News
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SEBI plans new rules for brokers handling unpaid securities
The Securities and Exchange Board of India (Sebi) has proposed changes to broker regulations, aiming to streamline the management of unpaid securities.
Intel shares surge on AI chip demand to dot-com-era highs
Intel's shares soared 24% as demand for its central processors from AI service firms surged, pushing the company's market value above $416 billion.
Reliance Industries Q4 profit falls 9% with revenue up 11%
Reliance Industries witnessed a 9% quarter-on-quarter fall in net profit to Rs 16,971 Crore, despite an 11% revenue increase. The board has proposed a dividend of Rs 6 per share.
West Asia conflict dents Reliance Industries Q4 profit, FY26 rises
Reliance Industries reported an 8.1% decrease in its March quarter profit due to geopolitical disruptions impacting the energy business.
AI makes performance appraisals smarter in Indian IT companies
AI systems are transforming performance management in India's IT sector, providing data-driven insights while leaving final decisions to human managers.
Related Digital secures $16B for Michigan AI data center campus
Related Digital has secured financing for a $16 billion data centre campus in Michigan, intended for tech giant Oracle. The funding includes equity and long-term debt financing.
AI boom pushes Taiwan past UK South Korea close behind
The artificial intelligence boom has propelled Taiwan and South Korea past European nations in global equity markets, largely due to significant gains in their key tech companies.
Major Indian IT firms trim fresher hiring next financial year
India's top IT companies, including TCS, Infosys, HCLTech, Wipro and Tech Mahindra reported a decrease in workforce by 7,389 in FY26 due to cautious hiring practices.
India's Ministry of External Affairs seeks stronger African bank partnerships
Ahead of the India Africa Forum Summit, Indian officials have called for deeper financial sector engagement with African institutions and enhanced project insurance.
Google pledges up to $40B to Anthropic, $10B upfront
Google and Amazon have committed up to $40 billion and $25 billion respectively, making Anthropic the most sought-after AI company globally.
Elon Musk and Sam Altman face April 27 OpenAI lawsuit
Elon Musk and Sam Altman are set to face a no-nonsense judge, Yvonne Gonzalez Rogers, in a high-stakes courtroom battle over OpenAI's shift to a for-profit model.
Judge dismisses Elon Musk fraud claims, trial to probe OpenAI
A US federal judge dismissed Elon Musk's fraud claims against OpenAI and Sam Altman, but the high-profile AI lawsuit continues with other allegations still under scrutiny.
International Airlines Group warns fares could rise amid Iran conflict
British Airways' owner, International Airlines Group (IAG), warns of potential flight price increases due to escalating oil prices amid the Middle East conflict.
Watchdog records show IRS spent $130 million on Palantir since 2018
Palantir has been aiding the Internal Revenue Service's Criminal Investigations office in investigating various financial crimes, utilizing its data analysis software.
Intel stock jumps 24% on $14.8B revenue outlook, Lip-Bu Tan
Intel Corp.'s shares reached a record high after a sales forecast surpassed Wall Street expectations, indicating the company's successful capitalization on the AI spending surge.
NVIDIA becomes most valuable company with $5 trillion market value
Nvidia's shares soared 4.3% amid a semiconductor rally, marking its first record since October. The surge has boosted its market capitalization to over $5 trillion.
Why Porsche is selling its stake in Bugatti Rimac
Porsche has announced its decision to exit from Bugatti Rimac and Rimac Group by selling its stakes in both companies.
Oil dips as US and Iran prepare for Pakistan talks
Oil prices have decreased due to renewed optimism surrounding potential peace talks between the US and Iran, possibly leading to resumed energy flows.
Palantir is helping Trump's revenue service body investigate financial crimes
Palantir Technologies, a leading data analytics firm, has been assisting the Internal Revenue Service (IRS) in investigating financial crimes.
Hindustan Zinc plans 2.26 million metric ton capacity by 2030
Hindustan Zinc plans to double its production capacity by 2030, and may reconsider a demerger following the completion of parent company Vedanta's demerger.
US Justice Department drops investigation into Fed chair
The US Justice Department has decided to end its investigation into Federal Reserve Chairman Jerome Powell over alleged cost overruns in building renovations.
Samsung workers in South Korea protest, pressuring global RAM supply
Samsung's ongoing labor protests demanding competitive wages could exacerbate the global RAM shortage if production is cut.
Supreme Court to rule on GST notices spanning fiscal years
The Supreme Court is set to revisit a critical GST issue concerning the tax department's ability to issue a single show-cause notice spanning multiple financial years.
Amazon stock hits record after securing Graviton deal with Meta
Amazon's shares surged to a record high of $263.13, up 3.2%, following the announcement of its deal to supply Graviton processors to Meta Platforms.
NVIDIA becomes most valuable public company after topping $5 trillion
Nvidia has become the first global company to exceed a market capitalisation of $5 trillion, outpacing tech giants like Alphabet and Apple.
JioStar posts ₹3,210cr profit, ₹31,048cr revenue, ₹4,885cr EBITDA FY26
JioStar, Reliance Industries' entertainment subsidiary, reported a net profit of Rs 3,210 crore in FY26, driven by significant growth in digital and sports sectors.
Strait of Hormuz closure cuts India's WANA engineering exports 50%
India's engineering goods exports to the West Asia and North Africa region plummeted by 50% in March, largely due to the ongoing conflict in Iran.
Google prepares to invest up to $40 billion in Anthropic
Google is set to invest up to $40 billion in AI company Anthropic, known for its Claude model, despite competition from Google's own Gemini model.
MRPL last quarter net profit falls 68% to ₹117 cr
Mangalore Refinery and Petrochemicals Ltd (MRPL) saw a 68% YoY drop in Q4 net profit, despite a 3.2% rise in revenue and improved margins.
Startups raise $66 million this week, down 33% from last year
Startups secured $66 million in funding this week, marking a 33% year-on-year decline. However, this represents a 43.8% increase from the previous week's tally.
Indeed survey finds women underrepresented in India's deep-tech roles
Indian women continue to face significant representation and pay gaps in the deeptech industry, reveals a recent survey by employment platform Indeed.
AWS invests $12.7 billion in India cloud, AI by 2030
Amazon Web Services (AWS) has earmarked a $12.7 billion investment for India by 2030, recognizing the country as a significant part of its global growth strategy.
Reliance Retail posts ₹3,563 cr profit, ₹98,232 cr record revenue
Reliance Retail reported a 0.5% YoY increase in net profit, reaching ₹3,563 crore for Q4FY26, while revenue rose by 10.8% YoY to a record ₹98,232 crore.
Shriram Finance posts 41% quarterly profit jump to ₹3,014cr
Shriram Finance Ltd reported a significant 41% year-on-year increase in its Q4 net profit, reaching ₹3,014 crore due to robust growth in various loan segments.
India's large infrastructure projects exceed budgets by ₹5.6L/cr, report shows
In March 2026, infrastructure projects valued over Rs 150 crore each experienced a cumulative cost overrun of Rs 5.61 lakh crore, as per a government report.
Apoorva Mehta starts Abundance AI hedge fund in Palo Alto
Apoorva Mehta, Instacart cofounder, has launched Abundance, a hedge fund managed entirely by artificial intelligence.
X-energy $1B IPO sells at $23, lists on Nasdaq XE
X-energy, a nuclear startup, raised $1 billion in its initial public offering. The company's small modular reactors cater to the surging electricity demand from data centers.
US consumer sentiment falls to June 2022 low amid inflation
US consumer sentiment fell to a near four-year low in April, largely due to inflation fears fueled by the conflict with Iran.
JioStar reports 52% quarterly profit drop despite 22% revenue growth
JioStar, the media arm of Reliance Industries, reported a sequential drop of 52% in its Q4 profit to ₹419 crore despite a revenue increase.
IndusInd Bank names Sunil Kumar Singh CCO after hedging scandal
IndusInd Bank witnesses the exit of nine top executives within a year, while simultaneously strengthening its board with four new directors.
Justice Department closes probe into Jerome Powell renovation costs
The US Department of Justice has ceased its criminal investigation into Federal Reserve Chair Jerome Powell regarding escalating costs of a renovation project.
Reliance Industries posts ₹95,754cr profit and ₹11.76lcr revenue in FY26
Reliance Industries Ltd reported a record annual consolidated profit and revenue, despite facing pressure in quarterly earnings due to energy market volatility.
Reliance Retail posts 11% revenue rise to ₹98,457 crore
Reliance Industries' retail segment saw an 11% year-on-year rise in revenue to ₹98,457 crore in Q4, bolstered by festive demand and store expansion.
Reliance Jio posts ₹7,935cr Q4 net profit and revenue ₹38,259cr
Reliance Jio Platforms' Q4 consolidated net profit rose by 13% YoY to Rs 7,935 crore. The company also saw a similar increase in revenue, with ARPU climbing to Rs 214.
Gold in India jumps to ₹151,479 per 10g Friday
Despite global market trends, gold prices in India have increased due to the rupee's ongoing depreciation against the dollar.
Reliance Industries profit falls 13% to ₹16,971cr revenue ₹2.98Lcr
Reliance Industries Ltd (RIL) saw a 13% YoY decline in consolidated net profit for Q4 2025-26, while revenue increased by the same percentage.
IndusInd Bank posts ₹533cr Q4 profit after huge ₹2,236cr loss
IndusInd Bank (IIB) reported a standalone net profit of ₹533 crore in Q4FY26, marking a significant turnaround from the ₹2,236 crore loss in Q4FY25.
Hindustan Zinc posts 68% March quarter net profit of 5,033cr
Hindustan Zinc, a Vedanta Group company, reported a 68% surge in net profit in Q4 due to rising silver and other metal prices.
Intel profit beat lifts US stocks as Brent nears $105
The S&P 500 and Nasdaq Composite rose on Friday, buoyed by Intel's strong profit report and renewed hopes of US-Iran talks easing geopolitical tensions.
J.P. Morgan shifts Asia strategy toward Taiwan tech amid AI
J.P. Morgan has upgraded its equity strategy allocation for Taiwan and the technology sector, while downgrading Indian equities due to an AI investment surge and stagflation.
China promotes renminbi use globally to cut US dollar reliance
China is actively promoting the renminbi as a global currency to reduce its dependence on the US dollar, a move seen as crucial for its national security.
Mahindra Finance Q4 fiscal 2026 PAT rises 55% to ₹873Cr
Mahindra & Mahindra Financial Services Ltd (Mahindra Finance) saw a 55% year-on-year rise in Q4 profit, while FY26 earnings increased by 19%.
SEBI to launch net settlement framework for FPIs by 2026
The Securities and Exchange Board of India (SEBI) has eased Foreign Portfolio Investors (FPI) settlement rules, allowing net settlements by December 31, 2026.
India's foreign exchange reserves rise to $703.3 billion, RBI says
India's foreign exchange reserves rose by $2.362 billion to $703.308 billion during the week ending April 17, amidst escalating West Asia conflict.
Iran conflict blocks Gulf shipments, Kashmir artisans face export slump
The ongoing conflict in West Asia has severely impacted Kashmir's handicraft sector, stalling exports and weakening demand.
US accuses DeepSeek, White House alleges China stole AI IP
Amidst accusations of intellectual property theft, AI firm DeepSeek's activities are causing uncertainty in the U.S. stock market, while oil prices add to the economic pressure.
Humanscale opens Hyderabad 2,300-square-foot ergonomic showroom with S Cube Ergonomics
US-based company, Humanscale, has inaugurated a 2,300 sqft showroom and ergonomic experience centre in Hyderabad, reinforcing its commitment to the Indian market.
Cohere to buy Aleph Alpha to enter Europe's regulated markets
Canadian AI firm Cohere is acquiring German tech startup Aleph Alpha to extend its reach in regulated European markets, backed by a $600 million investment from Schwarz Group.
Air India may cut staff, flights amid ₹20,000cr FY26 loss
Air India is reportedly reviewing proposals for workforce rationalisation and cost-control measures to stabilise its strained finances, amid increasing operational pressures.
If you're planning to take a loan, read this
Loan tenure is a critical factor that affects the cost of borrowing and financial planning.
Tech stocks: All about this investment option
India's tech stocks are becoming increasingly popular among global investors, thanks to their potential for high returns and market growth.
RBI cancels Paytm Payments Bank's license, cites 'detrimental' operations
The Reserve Bank of India (RBI) has revoked the banking license of Paytm Payments Bank Limited.
India's quick commerce market to reach $70B by 2030
India's quick commerce (Q-commerce) sector has doubled in size every year for the last two years.
Google Cloud ramps up India investments
Google Cloud CEO Thomas Kurian has revealed that the tech giant is planning to ramp up its investments in India, according to Moneycontrol.
AI-powered credit management platform Oolka raises ₹130cr
Oolka, an AI-powered credit management platform, has raised ₹130 crore in a fresh round of funding led by Accel India.
Mumbai dosa chain Benne in funding talks at ₹350cr valuation
Billionaire investor Ranjan Pai's family office, Claypond Capital, is considering an investment of ₹35-40 crore in Benne, according to Moneycontrol.
UK government urged to cut ties with Palantir
Over 200,000 people have urged the UK government to sever its ties with US tech giant Palantir.
TIME, Reliance to launch 'TIME100 Next India' list
Leading global media company TIME has announced its first-ever international expansion of the TIME100 Next franchise with the launch of TIME100 Next India.
Airlines cut flights as US-Iran war drives up fuel costs
The ongoing conflict in West Asia has severely impacted flight operations, with disruptions becoming more frequent since late February.
Jeff Bezos's AI start-up raises $10B at $38B valuation
Project Prometheus, an artificial intelligence (AI) lab co-led by Amazon founder Jeff Bezos, has raised $10 billion in a new funding round.
Probes into Grok-generated porn could limit xAI's market access: SpaceX
SpaceX has warned that ongoing investigations into sexually abusive AI imagery by its subsidiary, xAI, could impact market access.
Infosys awards CEO Salil Parekh ₹52cr in stock
Infosys, India's second-largest IT services company, has awarded its Managing Director and CEO Salil Parekh stocks worth ₹52 crore for the fiscal year 2026.
Intel shares surge 20% after Q1 earnings beat expectations
Intel's shares surged by a whopping 20% in after-hours trading, following the company's first-quarter earnings report that exceeded Wall Street expectations.
Anthropic hits $1 trillion valuation on secondary markets, surpassing OpenAI
Anthropic, a leading artificial intelligence (AI) company, has seen its valuation skyrocket to an astonishing $1 trillion on secondary markets.
Bob Iger rejoins VC firm Thrive after Disney exit
Bob Iger, the former CEO of Disney, is rejoining Thrive Capital as an advisor.
Sensex plunges over 800 points: What's behind the fall?
The Bombay Stock Exchange's Sensex and National Stock Exchange's Nifty indices witnessed a sharp fall in early trade today.
Warner-Paramount $111B merger gets shareholder approval
Warner Bros. Discovery's shareholders have approved the company's proposed mega-merger with Paramount, a deal worth $81 billion.
Nike announces second layoffs in 4 months, 1,400 jobs cut
Nike has announced a fresh wave of layoffs, impacting some 1,400 employees globally. The majority of the cuts will be from its technology department.
Tesla acquires mysterious AI hardware start-up for $2B
Tesla has disclosed its acquisition of a mysterious artificial intelligence (AI) hardware company for up to $2 billion.
Why gold, silver are falling even as risks rise
Gold and silver prices fell on Friday amid a cautious global market tone. The decline was largely due to heightened geopolitical tensions in West Asia and rising oil prices.
Oil prices surge amid US-Iran impasse, surpass $106 per barrel
Oil prices have surged for the fifth consecutive day, hitting their most sustained upward trend since the start of the year.
Microsoft rolls out first-ever voluntary retirement plan in 50 years
Microsoft has announced its first-ever voluntary employee buyout program, a move that will impact nearly 7% of its US workforce.
Meta lays off 8,000 employees to focus on AI
Meta Platforms has confirmed plans to lay off nearly 8,000 employees or about 10% of its workforce.
PPF v/s FD: Which is better for long-term investment?
Public Provident Fund (PPF) and Fixed Deposits (FDs) are two popular investment options in India.
Planning to take a business loan? Read this first
Navigating the world of business loans can be tricky, especially for first-time entrepreneurs in India.
Convertible securities: All about this unique investment opportunity
Convertible securities provide a unique investment opportunity, allowing investors to convert bonds or preferred shares into a predetermined number of common shares.
India on verge of signing its biggest-ever defense deal
India and Germany are on the verge of finalizing an $8 billion submarine deal, German Defense Minister Boris Pistorius has announced.
RBI plans new wallets for foreign visitors, travel, gifting
The Reserve Bank of India (RBI) has proposed a new category of prepaid payment instruments (PPIs) in its latest draft paper.
India's ultra-rich population surges; billionaires to rise 51% by 2030
India's ultra-wealthy population is growing at a rapid pace. The country has now become the sixth-largest in terms of ultra-high net worth individuals (UHNWI), according to a Knight Frank report.
India's private sector growth accelerates in April
India's private sector activity gained momentum in April, with a strong performance from the manufacturing sector.
Number of billionaires to reach 4,000 in next 5 years
The global billionaire population is projected to hit nearly 4,000 by 2031, according to a report by estate agent Knight Frank.
Amazon India invests ₹2,800cr to scale quick commerce, logistics
Amazon India has announced a massive investment of ₹2,800 crore (nearly $300 million) to boost its infrastructure and operations across the country.
Bikaji founder Shiv Ratan Agarwal passes away at 74
Shiv Ratan Agarwal, the Chairman and Managing Director of Bikaji Foods International Ltd, has passed away in Chennai. He was 74 years old.
Sensex crashes 1,600 points in 2 days: What's hurting markets?
The Indian stock market has been on a downward spiral for the past two sessions, with the Sensex and Nifty 50 crashing by nearly 1,600 points or almost 2%.
Slice seeks $100M funding to expand physical and digital presence
Bengaluru-based fintech firm Slice is in advanced talks to raise between $80 million and $100 million in a new funding round.
Nintendo faces lawsuit as customers demand tariff refund share
A class action lawsuit has been filed against Nintendo of America, demanding the gaming giant pass on the money it expects to receive from tariff refunds.
Tesla triples spending to $25B for AI, robotics push
Tesla has announced a massive increase in its capital expenditure (capex) for 2026, with plans to spend $25 billion.
Petrol, diesel may jump ₹25-28/liter after elections: Report
Petrol and diesel prices in India could see a major spike after the ongoing Assembly elections end on April 29.
Gold, silver extend losses amid oil price surge, risk-on sentiment
Gold and silver prices have witnessed a dip in early trade today. The decline is mainly due to the easing geopolitical tensions after the US-Iran ceasefire extension, which has reduced the demand for safe-haven assets.
Oil prices surpass $100 as US-Iran peace talks remain stalled
Oil prices have witnessed a surge for the fourth consecutive day, as peace negotiations between the US and Iran remain stalled.
This billionaire backed Trump's crypto firm. Now he's suing it
Justin Sun, a billionaire investor and cryptocurrency advocate, has filed a lawsuit against World Liberty Financial (WLFI), the crypto venture co-founded by US President Donald Trump and his son Eric Trump.
Who is Dan Shapero, LinkedIn's new CEO?
Microsoft has announced the appointment of Dan Shapero as the new Chief Executive Officer (CEO) of LinkedIn.
Sensex, Nifty decline as crude tops $100 amid US-Iran tensions
India's benchmark stock market indices opened lower on Thursday, following a spike in crude oil prices.
Gates Foundation to cut 20% of staff by 2030
The Bill & Melinda Gates Foundation has announced plans to cut up to 20% of its workforce by 2030.
Why Tesla's battery business is suddenly slowing down
Tesla's battery business, a key revenue driver for the electric vehicle (EV) maker, has hit a rough patch.
Indian e-commerce stocks: All about this investment option
Investing in Indian e-commerce stocks can be a profitable opportunity, given the booming online retail market.
Google signs multi-billion dollar deal with Mira Murati's AI start-up
Thinking Machines Lab, the AI start-up founded by ex-OpenAI executive Mira Murati, has signed a major multi-billion-dollar deal with Google.
Modi government wants these states to cut VAT on ATF
The Civil Aviation Ministry is in talks with the Delhi, Tamil Nadu, West Bengal, and Maharashtra governments to cut value added tax (VAT) on aviation turbine fuel (ATF).
India's Q1 housing sales down 4%: What's the reason?
The ongoing slowdown in information technology (IT) hiring and layoffs is beginning to affect India's housing market.
Why Zerodha has shut down its 'Zero1' program
Leading Indian discount broker Zerodha has announced the discontinuation of its Zero1 initiative.
India aims to outpace China in green hydrogen production
India is targeting to produce five million metric tons of green hydrogen annually by 2030.
Apple still takes App Store guidelines for external payments seriously
Apple has removed the MyFitnessPal-owned Cal AI food-logging app from its App Store, TechCrunch reported.
New online gaming rules from May 1: What has changed?
The Ministry of Electronics and Information Technology (MeitY) has announced a new regulatory framework for online gaming.
Modi government now allows ethanol blending in aviation turbine fuel
In a major push toward cleaner and alternative energy sources for aviation, the Ministry of Petroleum and Natural Gas has amended the rules governing aviation turbine fuel (ATF).
KKR captain Ajinkya Rahane joins footwear brand Chupps as investor
Cricketer Ajinkya Rahane, the captain of Kolkata Knight Riders, has invested in Mumbai-based open footwear brand Chupps. The investment value remains undisclosed.