Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
SK Hynix overtakes Samsung as South Korea's top listed company
SK Hynix has overtaken Samsung Electronics as South Korea's most valuable company, driven by surging demand for its high-bandwidth memory (HBM) chips powering advanced AI systems.
SEBI eases certification for sales staff at investment advisory firms
Sebi has introduced a simplified NISM certification for sales and non-core staff in investment advisory roles, aiming to reduce compliance burdens and enhance ease of business.
Air India launches Easy Connect for travelers from smaller towns
Air India’s CEO announced the launch of 'Easy Connect,' enabling seamless international travel from Tier-II and Tier-III cities via domestic hubs, starting with Varanasi.
Government panel next week to weigh SEZ 2.0 proposals
A government panel will meet next week to discuss pivotal reforms, including duty-foregone DTA sales and rupee-denominated payments, shaping India's new SEZ 2.0 policy.
Vedanta launches VPPL platform in Mumbai to monetise idle assets
Vedanta Ltd has launched Vedanta Property Platforms Ltd (VPPL) to monetize surplus land, pursue asset-light development, and enable joint ventures in the real estate sector.
Gold slips under $4,000 per ounce, ending 3-year rally
Gold prices dipped below $4,000 an ounce for the first time since November, as a stronger dollar and rising interest-rate expectations ended its three-year bull run.
Amazon investigates 3 workers who backed Seattle data center moratorium
Amazon is investigating three employees who supported a Seattle moratorium on new data centers, citing concerns over their political advocacy.
London orders Nirav Modi pay Bank of India over $11.5m
A London court has ruled fugitive diamond merchant Nirav Modi liable to pay over USD 11.5 million to Bank of India under a personal guarantee linked to a Dubai loan.
RBI rolls out draft AI and ML guidelines for banks
The Reserve Bank of India has introduced draft guidelines requiring banks to implement board-approved frameworks to manage risks associated with AI and machine-learning models.
RBI issues draft rules on banks' AI safety and accountability
The Reserve Bank of India proposes a draft framework requiring banks to implement kill switches for AI models, ensuring immediate shutdown during errors.
Brent crude $74.73 lowest since Feb 28 after US-Iran deal
Brent crude oil prices fell 3.1% to $74.73, marking the first drop below $75 since the Middle East conflict began, following a U.S.-Iran peace agreement last week.
RBI to tighten fraud protections from January 1 2027
The RBI has broadened customer liability rules to cover more digital scams and introduced an 85% compensation mechanism for small-value frauds, effective January 1, 2027.
India and US conclude 2-day BTA talks on market access
India and the US reviewed core trade pact issues, including market access and non-tariff barriers, during a ministerial meeting between Piyush Goyal and Jamieson Greer.
HYSEA and TASK trained 200+ Telangana faculty in Drona 2.0
Over 200 faculty from 33 institutions completed HYSEA's nine-month AI-focused Project Drona 2.0, aimed at equipping educators with skills for an AI-driven workplace.
J.P. Morgan trims 2026 Brent crude outlook amid weak demand
JP Morgan has lowered its Brent crude price forecast for the second half of 2026, citing weaker-than-expected inventory draws and declining global oil demand.
JustAI raises over $17 million Series A led by Base10
JustAI, an AI-powered marketing platform, secured over $17 million in Series A funding led by Base10, with participation from Y Combinator and Peak XV Partners.
Sensex surges over 790 points as Nifty tops 24,000
Nifty surged nearly 200 points on Wednesday, driven by easing crude oil prices and investor optimism surrounding a near-final India-US trade agreement.
Meta and Microsoft fuel $850 billion data center lease wave
Meta and Microsoft have committed tens of billions to future data center leases, fueling a $850 billion industry surge as tech giants scale server farms for AI growth.
Equitas Small Finance Bank board approves 1,750cr bonds and QIP
Equitas Small Finance Bank's board has approved plans to raise ₹1,750 crore through debt and equity instruments, subject to regulatory and shareholder approvals.
HCLTech partners with Nokia and Neste to supercharge AI
HCLTech has partnered with Nokia to advance AI-driven network automation and signed a strategic deal with Neste to enhance operational efficiency in the renewables sector.
US tech stocks start recovering after nearly $1.3 trillion selloff
US tech stocks are poised for a rebound Wednesday after AI valuation worries erased $1.3 trillion from Nasdaq 100 firms earlier this week, sparking market volatility.
PwC projects India's asset and wealth sector $1.7T by 2030
India's asset and wealth management (AWM) industry is set to grow at an 11.6% CAGR, reaching US$1.7 trillion in AuM by 2030, per PwC's latest report.
Ionic Asset launches GAAF from GIFT City for high-net-worth investors
Ionic Asset introduces the Global Asset Allocation Fund, offering diversified multi-asset exposure for sophisticated investors via GIFT City.
India boosts steel output nearly 2% while world steel slips
Global crude steel production fell 0.3% year-on-year in May 2026, while India maintained growth momentum with a 1.9% rise, solidifying its position as the second-largest producer.
India's statistics ministry MoSPI to launch monthly ISP in July
India will introduce the Index of Services Production (ISP) in July 2026, offering a monthly measure to track short-term performance changes in the services sector.
Ionic Asset launches GIFT City global fund for high-net-worth investors
Ionic Asset has unveiled a dynamic global asset allocation fund in GIFT City, offering accredited investors diversified exposure across equities, commodities, and REITs.
Amazon India expands Amazon Now 'delivery-in-minutes' to over 300 cities
Amazon is scaling its ultra-fast delivery service, Amazon Now, to 300+ Indian cities while launching the ‘Sammaan’ program to enhance welfare for its delivery associates.
Big Tech drives India data centers toward 50GW renewable demand
India's data centre expansion, driven by AI investments from tech giants like Meta and Google, could fuel demand for 42-50 GW of renewable energy within seven years, says CleanMax.
Amazon Now to expand to 300 Indian cities
Amazon has announced plans to expand its ultra-fast delivery service, Amazon Now, to over 300 cities in India.
How one conversation led Kunal Shah to become WhatsApp's head
Meta Platforms Inc. has appointed Kunal Shah, the founder of fintech start-up CRED and one of India's most prominent angel investors, as the new global head of WhatsApp.
Korean chip giant SK Hynix is about to raise $29B
South Korea's chip giant, SK Hynix, is all set to raise a whopping $29.43 billion through American Depositary Receipts (ADRs) on the Nasdaq exchange.
BSNL is now looking for a chairman: How to apply
The Department of Telecommunications (DoT) has invited applications for the Chairman and Managing Director (CMD) position at state-owned Bharat Sanchar Nigam Ltd (BSNL).
Indian IT sector's Nifty share at record-low: What's the reason?
India's information technology (IT) sector is witnessing a major decline in its dominance on the country's stock market.
Adani to demerge its incubating businesses from FY28 onward
The Adani Group has announced plans to demerge its incubating businesses from FY28 onward.
Post Office Aadhaar e-KYC allows ₹50,000 deposits and ₹20,000 withdrawals
Post office customers can now deposit up to Rs 50,000 and withdraw up to Rs 20,000 paperlessly at branch offices using Aadhaar-based e-KYC for eligible accounts.
India's insurgent consumer brands reach $7.5B by fiscal 2025
India's insurgent consumer brands are growing over three times faster than their markets, driven by digital commerce, quick-commerce platforms, and rapid product innovation.
CMIE flags shift to power data centers and nuclear energy
India's investment focus is shifting towards power, data centres, and emerging industries, as manufacturing investments weaken despite strong GDP numbers, according to CMIE.
India's 500 non-state firms hit $3.4 trillion surpassing Canada's economy
India's top 500 non-state-run companies now value $3.4 trillion, driven by AI innovation, IPL's rise as consumer brands, and defence sector growth amid self-reliance initiatives.
HDFC Bank to pick nonexecutive chairman by end of June
HDFC Bank’s board is set to finalize its recommendation for a new non-executive chairman by June, with three candidates shortlisted, including a former RBI Deputy Governor.
Hyundai union in South Korea approves strike if talks fail
Hyundai Motor's South Korean union approved strike action after wage negotiations stalled, demanding higher pay, performance bonuses, and job guarantees amid AI-related concerns.
McKinsey report says airfares could rise up to 25%
Jet fuel crack spreads may exceed $50 per barrel by 2026, potentially driving airfares up by 20-25% as airlines face higher fuel expenses, a McKinsey report reveals.
AIDEF urges Eighth Pay Commission to revise DA and DR
The AIDEF has urged the 8th Pay Commission to revamp the DA and DR calculation methodology, citing inadequacies in reflecting real cost-of-living expenses.
TVS-Hyundai bet on AC electric autos with new ride-hailing service
TVS Motor Company and Hyundai Motor Company have expanded their partnership from vehicle development to mobility services.
Swarnagiri, India's first private gold mine, begins operations
Andhra Pradesh has inaugurated India's first private gold mining project, Swarnagiri (formerly Jonnagiri), in Kurnool district.
N. Chandrababu Naidu opens Jonnagiri private gold mine in Kurnool
India's largest private gold mine, Jonnagiri in Andhra Pradesh, inaugurated in 2026, is set to produce 400 kg of gold initially and aims to reach a tonne annually.
UST unveils AI Cloud CoE on AWS for telecom
UST has launched its AI Cloud Centre of Excellence on AWS, aiming to revolutionize telecom operations with intelligent, scalable, and outcome-driven solutions.
SK Hynix $29.43B Nasdaq offering to fund memory chip production
South Korea's SK Hynix plans to raise $29.43 billion via American Depositary Receipts on Nasdaq, aiming to expand AI chip production and strengthen its global investor base.
Sensex gains over 800 points: What's driving today's rally?
The Indian stock market witnessed a major surge today, with the Sensex rising by over 830 points to 77,030 and the Nifty gaining 219 points to 24,042.
Sensex rises almost 1,000 points to 77,187 Nifty hits 24,090
The Sensex soared nearly 1,000 points, hitting 77,187 intraday, while the Nifty 50 approached 24,100 as strong buying interest boosted investor wealth by ₹2 lakh crore.
Bank of Japan signals more hikes as inflation tops 2%
The Bank of Japan may raise interest rates further as inflation nears its 2% target, signaling a shift from its ultra-loose monetary policy to address rising price pressures.
Bajaj Auto slips after setting record date for ₹5,632.8cr buyback
Bajaj Auto shares fell nearly 3% intraday on the buyback record date, as the company offers ₹12,000 per share under its largest-ever repurchase program worth ₹5,632.8 crore.
India AI funding jumps 58% as investors look beyond hype
Investors are intensifying due diligence for AI startups, focusing on governance, data ownership, and model performance as India's AI funding grows by 58% in 2025.
SpaceX launches $25B debt sale for AI expansion
Elon Musk's SpaceX has launched a five-tranche notes offering to raise at least $25 billion. The move comes as the company looks for funds to support its capital-intensive artificial intelligence (AI) expansion.
BSE and NSE close Friday June 26 for Muharram holiday
Indian stock markets, including NSE and BSE, will remain closed on Friday, June 26, 2026, for Muharram. MCX will have a partial closure, while NCDEX will be shut all day.
Bandhan Bank revises FD rates June 24 seniors' top 7.95%
Bandhan Bank has increased fixed deposit interest rates by up to 20 basis points, offering senior citizens returns as high as 7.95% for select tenures under its revised structure.
Masayoshi Son says AI bubble not a concern, only beginning
SoftBank CEO Masayoshi Son dismissed fears of an AI bubble, asserting at a shareholder meeting that the technology is in its infancy and poised for transformative breakthroughs.
HSBC survey finds 86% affluent Indians adopt AI for investing
Indian wealthy investors lead globally in AI adoption for financial research, with 86% using it, yet human advisors remain crucial for final investment decisions.
Iran reopens Hormuz after temporary US ceasefire, tanker prices jump
Oil tanker rates have soared amid resumed traffic through the Strait of Hormuz, following Iran's ceasefire deal with the US and rising crude exports.
Tata AIA launches multifactor index fund ULIP with ₹10 NAV
Tata AIA Life Insurance has introduced the Tata AIA Multifactor Index Fund, a ULIP-based offering combining equity market participation with life insurance protection.
Why Airbus is grounding multiple A380 aircraft
Airbus has announced plans to inspect 16 of its A380 aircraft, including five on an urgent basis.
Why UK has banned some Calvin Klein, Adidas ads
The UK's Advertising Standards Authority (ASA) has banned advertisements from fashion giants Calvin Klein, Adidas, and Uniqlo.
Indian Sensex up more than 775, Nifty gains nearly 190
Sensex surged 775 points mid-session Wednesday, driven by easing crude prices, RBI's positive outlook on rates and inflation, and strong banking sector gains.
Aastha Spintex and Knack Packaging to raise ₹610cr via IPOs
Two companies, Aastha Spintex and Knack Packaging, will launch their IPOs next week, collectively aiming to raise nearly ₹610 crore from the primary market.
Adani Enterprises to spin off incubating units in FY28-29
Adani Enterprises Ltd plans to initiate the demerger of its incubating businesses, including airports and green hydrogen, starting FY28, according to Group CFO Jugeshinder Singh.
Why Alibaba is suing US government
Chinese tech and e-commerce giant Alibaba has sued the US government after being added to a Pentagon blacklist of companies allegedly linked to China's military.
Gold and silver slip in India as US dollar strengthens
Gold prices in India dropped to ₹1.46 lakh per 10 grams, while silver slipped below ₹2.33 lakh per kilogram, driven by a stronger US dollar and hawkish Federal Reserve signals.
US and India near trade deal under $500B Mission 500
The US and India are nearing a historic trade deal, aiming to open India's vast market to American goods on mutually beneficial terms, as high-level talks progress in New Delhi.
J.P. Morgan report ranks India 3rd for AI readiness globally
India ranks third globally in AI readiness, trailing the U.S. and China, while boasting one of the least concentrated equity markets, according to J.P. Morgan's latest report.
Andy Jassy in India as Amazon now readies 300 cities
Amazon CEO Andy Jassy is visiting India, meeting key stakeholders. The company revealed plans to expand its 10-minute delivery service, Amazon Now, to 300 cities.
Meta appoints CRED founder Kunal Shah to lead WhatsApp
A cold email from Meta's Chris Cox to CRED founder Kunal Shah unexpectedly led to Shah's appointment as WhatsApp CEO, marking a pivotal leadership change for the messaging giant.
Oil prices falls to 4-month low
Oil prices continued their downward trend on Wednesday, nearing the four-month lows seen in the previous session.
Adani AGM 2026: Gautam Adani shares strategy to be future-ready
At the Adani Group's 2026 Annual General Meeting (AGM), Chairman Gautam Adani unveiled a three-pronged strategy to strengthen execution, enhance efficiency, and improve workforce welfare.
Google parent Alphabet being added to Dow Jones stock index
Google's parent company, Alphabet, will be added to the Dow Jones Industrial Average stock index from June 29.
How Flipkart is expanding its quick-commerce push in India
Walmart-backed Flipkart has announced that its quick-commerce service, Flipkart Minutes, has established a network of 1,000 micro-fulfillment centers in less than two years.
Masayoshi Son rejects 'AI bubble' claims, credits OpenAI investments
SoftBank CEO Masayoshi Son dismissed concerns about an AI bubble, emphasizing its vast untapped potential and calling such skepticism an "insult to AI."
Tata Motors aims 40% India commercial vehicle market by FY28
Tata Motors CV shares rose 4.9% to ₹419.5 after analysts projected robust growth, with CLSA and HSBC setting target prices above ₹500, citing strong market share and demand trends.
Sensex jumps 682 points after RBI Governor Malhotra hints pause
Indian stock markets surged on Wednesday as Sensex jumped over 650 points and Nifty neared 24,000, driven by easing rate-hike fears and favorable global cues.
Australia's inflation 4% in May despite Reserve Bank's core rising
Despite a drop in headline inflation to 4%, underlying trimmed mean inflation rose to 3.6%, prompting economists to warn of potential Reserve Bank rate hikes.
Sensex rises nearly 666 points to 76,866 as banks rally
The Sensex surged over 650 points as falling crude prices, RBI's dovish stance, and strong gains in banking and IT stocks boosted investor confidence.
Adani Group invests ₹1.5L cr in FY26 (fiscal year 2025-26), 30% private-sector capex
Despite global uncertainties, Adani Group invested ₹1.5 lakh crore in FY26, accounting for over 30% of India’s private-sector capital expenditure, Gautam Adani revealed.
SK Hynix files New York ADR paperwork to attract investors
SK Hynix is preparing for its US ADR listing by submitting a financial statement in South Korea, aiming to expand its investor base and capitalize on AI-driven market growth.
How Tata Motors plans to make EV business profitable
Tata Motors Passenger Vehicles (TMPV) is gearing up to make its electric vehicle (EV) business profitable even after government subsidies are gone.
SpaceX launches $25B bond sale to finance AI, repay loans
SpaceX has launched a $25 billion notes offering to fund AI expansion and repay debt, marking its first investment-grade bond issuance with strong investor interest.
Gautam Adani announces big bets on nuclear power and AI
At the Adani Group's Annual General Meeting (AGM), chairperson Gautam Adani unveiled an ambitious plan for the future.
BMS opens Mumbai Global Capability Centre to accelerate AI projects
BMS has launched a Global Capability Centre in Mumbai to drive its AI, data, and analytics initiatives, positioning it as a core operational hub.
Realme India CEO quits
Michael Guo, the CEO of Realme India, has resigned from his position. The move comes as part of a major restructuring process within the company.
Shyamal Anadkat returns to India to democratize superintelligent AI
Former OpenAI researcher Shyamal Anadkat left Silicon Valley after nearly four years to return to India, aiming to foster global AI innovation beyond traditional tech hubs.
Phil Fersht says AI market correction could benefit Indian IT
Phil Fersht, CEO of HFS Research, predicts a potential AI market correction could strengthen Indian IT firms' role in driving large-scale AI adoption and business outcomes.
Adani Group unveils Adani Atomic Energy to build 10 GW
Gautam Adani announced plans to enter nuclear energy, expand AI-driven infrastructure, and invest heavily in logistics and power to shape India's next-generation growth trajectory.
ByteDance seeks $20 billion offshore loan, its biggest ever
ByteDance, TikTok's parent company, is in early discussions with banks for a $20 billion offshore loan to fund its growing investments in AI infrastructure and data centers.
GM installs 50 cobots, cuts 1,000+ jobs at Michigan plant
General Motors has replaced over 1,000 jobs with 50 collaborative robots at its Factory Zero facility, sparking union concerns over automation's role in workforce reductions.
Nirav Modi ordered to pay $10.7M to Bank of India
A London court has ruled in favor of the Bank of India in a loan recovery case against Nirav Modi, holding the fugitive diamantaire liable to pay more than $10.7 million (over ₹100 crore) at current exchange rates.
S&P Global forecasts India GDP at 6.6% by March 2027
India's GDP growth is projected to decelerate to 6.6% in FY27, down from 7.7% in FY26, amid energy stress and global economic slowdown, according to S&P Global.
Gold crashes 24% from record high: Should you buy?
Gold prices have witnessed a sharp decline, falling nearly 12% in the June quarter. This is on track to be the steepest quarterly fall since December 2016.
Adani Group holds virtual AGMs for 7 companies this week
Adani Group's 2026 AGM week begins today, with Gautam Adani addressing shareholders as seven listed companies discuss dividends, fundraising, and governance via virtual meetings.
Knack Packaging prices IPO at ₹161 to ₹170 per share
Knack Packaging's IPO price band is set at ₹161-170 per share, with subscriptions open from July 1-3. The lot size is 88 shares, and listing is expected on July 8.
Crude oil prices drop as tanker traffic through Hormuz improves
Crude oil futures dipped nearly 1% on Wednesday morning, driven by reports of improved tanker traffic through the Strait of Hormuz and optimism about Persian Gulf oil flows.
Nifty IT rises 0.7% on June 24, Tech Mahindra leads
The Nifty IT index gained 0.7% on June 24, outperforming broader markets, as Infosys and Tech Mahindra advanced despite JPMorgan's cautious outlook on Indian IT stocks.
Indian stocks open higher on cheaper oil and IT surge
Sensex gained 238 points, nearing 76,440, while Nifty approached 23,900 as falling crude prices and buying in IT stocks boosted investor confidence on Wednesday morning.
Indian markets open cautiously as Nifty 50 falls below 23,800
Nifty 50 fell 0.12% to 23,795.80 as global cues dampened sentiment, while the rupee weakened by 9 paise to 94.85 against the U.S. dollar in early trade.
Legion LegalTech sues Trump administration over access to Anthropic models
Legion LegalTech Corp has sued the Trump administration, claiming Anthropic's AI ban disrupted operations and harmed its global workforce, including Canadian developers.
Sensex rises 126.65 points, Nifty settles at 23,859.35 on Wednesday
Sensex rose 126.65 points to 76,327.33, while Nifty climbed 35.25 points to 23,859.35 despite weak global cues and volatility in semiconductor stocks impacting global markets.
Alphabet to join Dow Jones Industrial Average replacing Verizon
Alphabet ($GOOGL) will replace Verizon ($VZ) in the Dow Jones Industrial Average on June 29, broadening the index's exposure to AI, cloud, and advertising sectors.
Indian rupee opens 94.90 amid Federal Reserve rate talk
The rupee fell 16 paise to 94.90 on June 24 as the dollar soared to a one-year high, driven by expectations of a Federal Reserve interest rate hike.
Sanjay Kumar Jain resigns as IRCTC chairman and managing director
The Railway Ministry has accepted the resignation of Sanjay Kumar Jain, CMD of IRCTC, who will step down on July 20, citing personal reasons after over two years in office.
Indian rupee opens at 94.89 as dollar hits 13-month high
The Indian rupee opened 16 paise lower at 94.89 against the US dollar on June 24, amid a stronger dollar driven by Federal Reserve rate hike expectations and safe-haven demand.
Cloudflare CEO Matthew Prince warns AI agents hurt small businesses
Cloudflare CEO Matthew Prince warns that AI agents could disadvantage small businesses, favoring established companies and leading to increased market consolidation over time.
NVIDIA chips surge in China after US tightens export rules
US export restrictions on advanced AI chips have tightened supplies in China, driving up prices and making Nvidia's hardware the most coveted in the market.
Crude oil hits lowest level in nearly 4 months
Crude oil prices have dropped to a four-month low due to easing Middle East tensions and rising global supplies, raising questions about potential impacts on fuel prices in India.
Gold slips to $4,098 as US dollar hits 1-year high
Gold and silver prices fell further on Wednesday as a stronger US dollar and rising expectations of additional Federal Reserve rate hikes dampened investor sentiment.
Gold drops 24% to about $4,085 amid 12% quarterly slump
Gold prices have plunged 24% from their peak, driven by a stronger dollar, Federal Reserve rate hike expectations, and a tech-led equity selloff pressuring safe-haven assets.
South Korea, Samsung and SK Hynix plan new chip cluster
South Korea is in talks with Samsung and SK Hynix to accelerate semiconductor facility expansions, driven by surging AI-driven chip demand and future growth needs.
BigBasket CEO Hari Menon resigns as Amit Nanda named CEO
Hari Menon's exit as BigBasket CEO underscores Tata Digital's urgency to address mounting losses and intensify efforts toward profitability in a fiercely competitive market.
Realme India CEO Michael Guo steps down citing health reasons
Realme India CEO Michael Guo has stepped down due to health reasons, as Oppo restructures its operations, integrating Realme with OnePlus under a unified business structure.
South Korea's KOSPI rallies 4.1% after nearly 10% drop
South Korea's KOSPI jumped 4.1% early Wednesday, driven by retail investors buying the dip, with SK Hynix up 5% and Samsung Electronics surging over 9%.
SpaceX-linked shares rise 1% Tuesday after more than $600B rout
SpaceX shares rose 1% Tuesday, ending a three-day slump that erased over $600 billion in market value, as investor interest surged following its record-breaking IPO and bond sale.
Asian markets recover from AI selloff MSCI Asia up 0.8%
Asian stocks rose Wednesday, with the MSCI Asia Pacific Index up 0.8%, recovering from Tuesday’s 3.6% slump driven by a global tech-led selloff and semiconductor volatility.
Sahil Kukkar denied bail in ₹83cr CREST fraud case
A local court rejected Sahil Kukkar's bail plea in the ₹83 crore IDFC First Bank fund diversion case, citing serious allegations and potential risks to the prosecution.
Indian companies boost cybersecurity budgets 30% amid AI threats
Corporate India sees a 30% rise in cybersecurity spending as businesses address AI-driven risks, expanding attack surfaces, and regulatory pressures from agencies like CERT-In.
Flipkart Minutes hits 1,000 centers, aims for 1,500 centers soon
Flipkart's quick commerce arm, Minutes, has reached 1,000 fulfilment centres across 130 cities in under two years, intensifying competition in India's instant delivery market.
Bengaluru startup QOSMIC raises $3.33 million to boost satellite data transfer
Bengaluru-based spacetech startup QOSMIC raised $3.33 million in seed funding to develop laser-based communication systems addressing space's growing data challenges.
India's 39 homegrown consumer brands crossed ₹100cr in fiscal 2025
India’s insurgent consumer brands are growing in numbers, with 39 crossing ₹100 crore revenue in FY25, but most struggle to scale beyond the ₹250 crore mark.
Flipkart Minutes opens 1,000 dark stores to expand outside metros
Flipkart Minutes plans to expand its presence in tier-2 and tier-3 cities, aiming for 1,500 dark stores by 2026, as rivals prioritize metro densification for quick commerce growth.
Prime Day returns with record low beauty home travel deals
Amazon Prime Day is slashing prices on top brands like Owala, Laneige, and Clinique. Shop beauty, home essentials, and more starting at just $1 through June 26.
N Chandrasekaran takes charge amid Campbell Wilson's Air India exit
As CEO Campbell Wilson prepares to exit, Tata Sons chairman N Chandrasekaran has taken charge with weekly reviews to stabilize operations amid leadership uncertainty.
MoEngage acquires San Francisco AI startup Aampe in all-cash deal
Indian software firm MoEngage acquires U.S.-based Aampe, leveraging AI agents for personalized customer engagement and aiming to outpace rivals like Salesforce and Adobe.
Navi Mumbai scrap dealer loses ₹2.28cr in online investment scam
A Navi Mumbai scrap dealer lost ₹2.28 crore to fraudsters posing as stock market advisors, who lured him via social media and a WhatsApp group with promises of high returns.
India and United States open talks over 10% import tariff
India and the US commenced high-level trade discussions to finalize a bilateral agreement ahead of the looming expiry of Trump's 10% import tariff next month.
RBI updates FCNR(B) rules to let banks use overseas funds
The Reserve Bank of India has enabled Indian banks to channel funds from overseas branches to non-resident Indians for domestic deposits under a revamped FCNR(B) scheme.
OBBBA rollout begins July 1 2026 with 2 repayment plans
Starting July 1, 2026, the One Big Beautiful Bill Act introduces major federal student loan reforms, including new repayment plans, borrowing caps, and the end of Grad PLUS loans.
Databricks ramps up India presence citing digital boom and AI
Databricks is amplifying its investments in India, driven by the nation's robust digital growth, rising enterprise AI adoption, and global firms leveraging local talent.
Piyush Goyal: India plans 50-60 new mines this fiscal year
India aims to operationalise up to 60 new mines in FY27, with policies for critical mineral extraction yielding significant results, according to Mines Secretary Piyush Goyal.
Indian drugmakers respond to US FDA request over ifosfamide shortage
Indian pharmaceutical companies, including Zydus and Cipla, are preparing to supply ifosfamide injection to the US following FDA's request amid a critical cancer drug shortage.
ONGC seeks more stakes in Venezuela's San Cristobal and Carabobo-1
India's ONGC is negotiating with Venezuela's PDVSA to acquire stakes in San Cristobal and Carabobo oilfields, contingent on securing a crucial US operating license.
RBI pushes Indian banks to bolster cybersecurity against AI threats
Indian banks are adopting a four-pillar cybersecurity framework to counter advanced AI threats, focusing on code ownership, identity concealment, and zero-trust architecture.
Indian rupee falls 13 paise to 94.76 against US dollar
The rupee dropped 13 paise to close at 94.76 against the US dollar on Tuesday, pressured by a strong greenback and sluggish domestic markets despite easing global crude oil prices.
NHSRCL announces 224 jobs for Mumbai-Ahmedabad high speed rail corridor
India's first bullet train project, the Mumbai-Ahmedabad High-Speed Rail Corridor, has announced 224 vacancies across technical, operational, and managerial roles.
Irdai regulator seeks feedback on ₹800cr fund for policyholder protection
Irdai seeks feedback on requiring insurers to allocate a portion of premium income to the ₹800-crore Policyholders' Education and Protection Fund (PEPF).
SpaceX's 1st US bond sale draws $89B investor demand
SpaceX has attracted $89 billion in demand for its first US bond sale, aiming to raise $20-$25 billion to refinance debt and support corporate expenses.
Infosys shareholders flag AI, strategy as shares hit 2020 low
Infosys shareholders raised concerns over declining stock prices and the potential disruption from AI at its 45th AGM, as shares hit a six-year low amid industry-wide challenges.
Russia considers halting diesel exports, Alexander Novak says tax changes
Russia is weighing a diesel export ban and potential fuel imports as Ukrainian strikes on refineries disrupt supplies, causing shortages, price hikes, and restrictions in Crimea.
Why Swiggy has joined hands with Zerodha
Swiggy has partnered with Zerodha Fund House to enable its delivery partners to invest their earnings in mutual funds.
Rajesh Exports faces ED raids in Bengaluru
The Enforcement Directorate (ED) has launched a massive raid at multiple locations linked to Rajesh Exports Limited in Bengaluru.
Real estate firm Square Yards is India's latest unicorn
Square Yards, a real estate and mortgage platform, has become the latest entrant in India's unicorn club.
US stock futures decline as South Korean index crashes 10%
US stock futures plummeted by up to 2% on Tuesday, signaling a weak start for Wall Street.
Centre plans subsidized tomato sales as prices hit ₹92/kg
The Indian government is planning to sell tomatoes at subsidized rates through cooperative outlets, in a bid to cool the recent price surge.
Bharti Airtel increases stake in Africa subsidiary to 79%
Bharti Airtel has announced a major increase in its stake in Airtel Africa. The company now owns around 79% of the African subsidiary, up from 62.73% before the transaction.
From delivery boy to WhatsApp head: Kunal Shah's journey
Kunal Shah, the founder of fintech unicorn CRED, has been appointed as the global head of WhatsApp.
India's private sector growth slows to 3-month low
India's private sector growth slowed down in June, hitting a three-month low.
Why chairman, senior partners of KPMG Australia have resigned
KPMG Australia's Chairman Martin Sheppard and two senior partners, Paul Rogers and Eileen Hoggett, have announced their resignations.
Rafael Oliveira is 1st outsider to become Heineken CEO
Heineken has appointed Rafael Oliveira as its new Chief Executive Officer (CEO), in a major shift for the company.
Why Apple is facing an antitrust complaint in China
A group of 48 iOS developers has lodged a complaint against Apple with China's State Administration for Market Regulation.
Sony planning 1st US dollar bond sale since 1998
Sony is gearing up for its first US dollar bond sale since 1998.
Domino's Pizza appoints veteran Joe Jordan as CEO
Domino's Pizza has appointed Joe Jordan as its new chief executive officer (CEO), effective October 1.
Sensex tanks 900 points: What's behind today's selloff?
The Indian stock market witnessed a downturn on Tuesday, with the S&P BSE Sensex falling nearly 900 points and the NSE Nifty50 slipping below the 23,850 mark.
NPCI to enable e-mandate tracking on all UPI apps
The National Payments Corporation of India (NPCI) is working on a new feature to simplify the management of electronic mandates for consumers.
SEBI proposes direct market access for retail investors
The Securities and Exchange Board of India (SEBI) has proposed a major change in its technology regulations for stock exchanges and other market infrastructure institutions (MIIs).
SpaceX shares plunge 32% in 3 sessions, wiping out $600B
Elon Musk's SpaceX is facing a major setback on the Nasdaq, with its shares plummeting by 16% on Monday. This marks the third consecutive day of decline for the company.
Why Uber's board is being sued by shareholders
Uber's board of directors has been sued by shareholders for allegedly allowing the company to bypass compliance protocols.
EV maker Lucid cuts 18% of workforce
Lucid Motors, the Saudi-backed electric vehicle (EV) maker, has announced a major job cut.
US sanctions on Iranian oil suspended until August 21
The United States has issued a 60-day waiver on sanctions against Iranian oil, allowing the country to produce, export, and sell its crude until August 21.
India imposes 5-year anti-dumping duty on key chemical from China
India has imposed a five-year anti-dumping duty on a key chemical used in rubber and tire manufacturing.
Will Calcutta Stock Exchange make a comeback?
The West Bengal government has proposed a revival plan for the Calcutta Stock Exchange (CSE), which has been dormant for over a decade.
FIFA World Cup effect: JPMorgan employees can work from home
The FIFA World Cup is giving office workers an unexpected break by allowing them to work from home.
IIT Roorkee sets up ₹1,000cr fund for deep-tech start-ups
The Indian Institute of Technology (IIT) Roorkee has announced a ₹1,000 crore Super Endowment Fund in partnership with IvyCap Ventures and NuQuant.
'Eat faster or work longer': Viral lunch-break notice angers netizens
A controversial office notice has gone viral on social media, sparking widespread criticism and debate over workplace culture and employee rights.
This Nandan Nilekani-backed ₹2,500cr fund will support early growth-stage start-ups
Fundamentum Partnership, a venture capital firm co-founded by Infosys co-founder Nandan Nilekani and former Helion Venture Partners executive Sanjeev Aggarwal, is planning to launch its third fund.
₹4,225cr+ in penalties: How CCI is transforming businesses in India
The Competition Commission of India (CCI) has been cracking down on anti-competitive behavior with a vengeance, racking up penalties worth over ₹4,225 crore in 54 cases over the last five fiscal years.
Kunal Shah becomes WhatsApp head, Meta invests $900M in CRED
Meta Platforms has invested $900 million (approximately ₹8,550 crore) in Indian fintech start-up CRED during its Series H funding round.
Getty Images stock soars 200% on OpenAI partnership
Getty Images' stock price surged over 200% in premarket trading today, following the announcement of a partnership with OpenAI.
India's core sector growth slows to 7-month low
India's core sector growth has slowed down sharply to a seven-month low of 0.5% in May, data released by the government showed.
SpaceX shares fall for 3rd straight session
SpaceX's stock has witnessed a sharp decline in premarket trading today, falling over 5%.
Who's Vikas Garg, businessman whose ₹940cr assets face ED action?
The Enforcement Directorate (ED) has provisionally attached assets worth ₹940 crore owned by businessman Vikas Garg.
FAAMNG firms hire 13,600 workers in India this year
The FAAMNG group, which includes Facebook (now Meta), Amazon, Apple, Microsoft, Netflix and Google as well as their affiliates, has hired some 13,600 people in India so far this year.