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Mukesh Ambani and Sunil Mittal join AI for Good Commission
Mukesh Ambani and Sunil Mittal have joined a global commission of over 40 leaders to promote trusted, inclusive development and adoption of artificial intelligence.
Monsoon shortfall pushes India's food inflation to 6% in FY27
India's food inflation is forecasted to average 6% in FY27, driven by a severe monsoon deficit impacting agricultural output, according to CareEdge Ratings.
Eighth Pay Commission meets July 6-7 in Bhubaneswar on pay
The 8th Central Pay Commission will meet stakeholders in Bhubaneswar on July 6-7, with employee unions pushing for higher salaries, pensions, and broader benefits.
Citigroup forecasts Brent could fall to $60-$65 per-barrel end-2026
Brent crude may drop to $60–$65 by year-end as Strait of Hormuz disruptions ease and global oil markets weaken, according to Citigroup analysts.
Unitree Robotics wins Shanghai STAR Market approval for $619 million IPO
Chinese robot maker Unitree Robotics has gained regulatory approval for a $619 million IPO on Shanghai's STAR Market, marking a significant step in China's robotics sector growth.
Sensex jumps 545.89 points as IT stocks lift Indian market
Benchmark indices Sensex and Nifty surged on Friday, with Sensex jumping 546 points to 78,048 amid a rally in IT stocks and easing Fed rate concerns.
Chris Wood sells Indian stocks, invests in South Korean AI
Chris Wood has replaced five Indian stocks in his portfolio with Korean AI companies, reflecting a strategic pivot towards the booming artificial intelligence sector.
InvisQue launches QR based digital queue system for restaurants
InvisQue has introduced a QR code-based platform to digitise restaurant waitlists, enhance guest experiences, and boost revenue through pre-ordering capabilities.
Kusumgar launches IPO priced ₹398 to ₹419 per share
Kusumgar IPO price band is set at ₹398-419 per share, with subscription open from 8 to 10 July. The issue is entirely an offer-for-sale by the promoters.
India allows 4 Chinese-linked firms to bid government power projects
India has granted four Chinese-linked power equipment manufacturers with local factories permission to bid for government projects, easing restrictions amid growing energy demands.
Suraj Biswas founded Assessli and Dots-in to personalize learning
Suraj Biswas, a genetics graduate from West Bengal, transitioned from earning ₹1,500/day as a Zomato rider to founding groundbreaking AI startups in Bengaluru.
Nirmala Sitharaman urges French firms to boost investment in India
Union Finance Minister Nirmala Sitharaman invited French businesses to explore investment opportunities in India's AI, clean energy, and healthcare sectors.
Google loses final appeal against EU's $4.7B antitrust fine
Google has lost a major legal battle against a €4.1 billion ($4.7 billion) European Union antitrust fine.
When can customers expect petrol/diesel price reduction? Hardeep Puri answers
Union Petroleum Minister Hardeep Singh Puri has said that consumers shouldn't expect an immediate reduction in petrol and diesel prices even as global crude oil prices have fallen to around $70 a barrel.
Oil firms lost ₹74,781cr amid Middle East conflict: Hardeep Puri
State-owned oil marketing companies (OMCs) suffered losses of almost ₹74,781 crore between April and June due to rising global crude oil prices amid the Middle East conflict.
Sensex up 650 points, ₹2.4L/ cr added to BSE-listed value
Indian stock markets soared on Friday as easing Middle East tensions and reduced Fed rate hike expectations fueled investor optimism, with IT stocks leading the gains.
JetZero's blended-wing plane could cut fuel use up to 50%
JetZero is developing a groundbreaking blended-wing jet in the Mojave Desert, aiming to revolutionize commercial aviation and challenge industry giants Airbus and Boeing.
Rupee rises 19 paise to 95.20 after weak US jobs
The Indian rupee appreciated by 19 paise to 95.20 against the US dollar, driven by weaker-than-expected US jobs data that dampened prospects of an immediate Fed rate hike.
Indian markets rally with IT stocks following softer US jobs
Sensex opened 435 points higher at 77,937.61, while Nifty surpassed 24,350 as IT stocks led gains. India VIX dropped over 7%, reflecting easing market volatility.
Sensex rises 552.24 on Friday as Indian Nifty tops 24,300
Sensex rose 550 points, and Nifty neared 24,350 as easing Federal Reserve rate hike bets and positive global cues boosted investor sentiment on July 3.
Indian markets rally as Sensex jumps 480, Nifty crosses 24,300
The rupee appreciated by 18 paise to 95.21 against the US dollar, while the Sensex surged 480 points and Nifty crossed the 24,300 mark amid improved global sentiment.
Kotak trims forecasts as India's IT faces West Asia headwinds
India's IT sector is set for a weak start to FY27, with revenues hit by the West Asia crisis and GenAI-led pricing deflation, according to Kotak Institutional Equities.
Indian government to receive record ₹80,000cr dividends in 2026-27
The Centre anticipates ₹80,000 crore in dividend receipts from non-financial CPSEs for FY27, driven by robust earnings across key sectors and consistent payout policies.
Adani Enterprises increases share sale goal to ₹15,000cr after investor demand
Adani Enterprises increased its share sale size to $1.6 billion after strong demand from global and domestic investors, aiming to fund key infrastructure projects.
Gold hits highest since June after weak US jobs data
Gold achieved its first weekly gain in five weeks amid weaker US jobs data, while oil prices edged higher on optimism surrounding easing geopolitical tensions in the Middle East.
HCL Technologies lands $1.14B AI contract while shares under pressure
HCL Technologies signed a $1.14 billion strategic partnership with a Fortune Global 50 company, boosting its shares despite recent brokerage downgrades.
Softer US jobs report boosts Nifty futures and Indian stocks
Indian shares are set to rise on Friday as a softer U.S. jobs report reduced concerns over immediate Federal Reserve rate hikes, boosting investor sentiment in emerging markets.
Crusoe aims to raise $3 billion to power generative AI
Crusoe, an AI data center startup, is reportedly in discussions to raise $3 billion, potentially tripling its valuation to around $30 billion, according to Bloomberg News.
Gold rises to $4,202.80, silver $62.785 after US jobs report
Gold and silver prices surged in international markets as weaker US jobs data eased fears of aggressive rate hikes, boosting investor interest in precious metals.
Microsoft launches frontier company with $2.5 billion and 6,000 engineers
Microsoft has launched 'Microsoft Frontier Company,' a $2.5 billion initiative embedding 6,000 engineers to co-develop and optimize enterprise AI systems for measurable outcomes.
Brent $71 and WTI near $68 as Hormuz shipping recovers
Brent crude remains around $71 as Saudi Arabia restores 90% of pre-war export levels through the Strait of Hormuz, easing supply concerns.
Moneycontrol: One in 4 Nifty 50 stocks flat or negative
Nearly a quarter of Nifty 50 stocks delivered negative to flat five-year CAGR returns, significantly underperforming the index's 9% CAGR and even trailing fixed deposit returns.
US stocks swing as Dow jumps 600, chip stocks tumble
The Dow Jones soared 600 points Thursday, driven by optimism over a weak jobs report easing Fed rate hike fears, while the Nasdaq 100 fell 1.6% amid chip sector losses.
Dow posts 4th straight weekly win as Nasdaq retreats
US markets closed mixed as the Nasdaq fell on tech declines, while softer June jobs data eased Federal Reserve rate hike concerns amid inflation worries.
Yotta seeks $1 billion via up to 30% share sale
Yotta Data Services, the Hiranandani group's data centre arm, seeks to raise $1 billion by selling a 25-30% stake at a $3 billion valuation for expansion.
Government orders EPFO 3 day and 20 day settlements
The government has introduced revamped EPFO rules, ensuring PF withdrawal claims are settled within three days and simplifying withdrawal processes with digital compliance.
Indian tech startups average 8 years from funding to IPO
Indian tech start-ups now average just eight years to IPO, down from 14.5 years in 2025, driven by attractive valuations and improved corporate governance practices.
Parle-G, Melody maker plans $1B IPO at over $10B valuation
Parle Products, the company behind iconic Indian brands like Parle-G, KrackJack, Monaco, Mango Bite, and Melody is planning a major initial public offering (IPO) next year.
Why SpiceJet has cut 44% of its flights
SpiceJet has announced a major reduction in its flight schedule for July, cutting down the number of flights by a whopping 44% as compared to April.
Japan's yen hits 40-year low. Here's why it matters
The Japanese yen has hit a 40-year low, falling to its weakest level against the US dollar in 40 years.
Why Domino's is giving away $1M worth of free pizzas
US striker Folarin Balogun's red card during the FIFA World Cup match against Bosnia and Herzegovina has activated a $1 million pizza giveaway by Domino's.
EPFO online services to remain unavailable until July 3
The Employees' Provident Fund Organization (EPFO) has announced yet another extension of the outage for its online services.
Flipkart names new Senior VP for supply chain technology
Flipkart has appointed Vinay Vaidya as its new Senior Vice President of Technology for the supply chain.
Employee resigns after being asked to attend his wedding virtually
An employee has resigned from his job after his boss asked him to attend his own wedding via Google Meet.
AWS CEO slams replacing entry-level tech jobs with AI
Amazon Web Services (AWS) CEO Matt Garman has strongly opposed the idea of using artificial intelligence (AI) to replace entry-level technology jobs.
Ratan Tata's confidant Mehli Mistry resigns from family office
Mehli Mistry, a long-time associate of the Tata Group and confidant of the late Ratan Tata, has resigned from his position on the board of RNT Associates, the family office that managed Ratan Tata's personal investments.
Coca-Cola plans $1B IPO of Indian bottling arm
Coca-Cola is planning to raise around $1 billion (approximately ₹9,500 crore) through an initial public offering (IPO) of its Indian bottling arm, Hindustan Coca-Cola Beverages, according to Bloomberg.
Japan to finance India's power grid under new initiative
Japan has agreed to finance India's power grid with up to $492 million. The funding comes under the first project of its new POWERR Asia initiative, according to Nikkei Asia.
Zoho chief heads to Japan for new cross-border rural mission
Sridhar Vembu, the founder of Zoho, has announced a new mission to connect rural Indian and Japanese businesses.
Samsung announces $90B investment for chips, batteries and displays
Samsung has announced a massive investment of 140 trillion won ($90 billion) in South Korea's central Chungcheong province.
Carlsberg moves to list Indian arm, eyes $700M IPO
Danish brewing giant Carlsberg A/S has confidentially filed draft papers for an Initial Public Offering (IPO) of its Indian subsidiary, according to Bloomberg.
SoftBank pursues $10B loan against OpenAI stake
SoftBank Group has resumed negotiations with a group of lenders for a $10 billion loan, secured by its stake in OpenAI, according to Reuters.
ShareChat eyes $400M IPO next year
Mohalla Tech Pvt., which operates Indian social network ShareChat, short-video platform Moj, and subscription-based micro-drama app QuickTV, is gearing up for a potential initial public offering (IPO) next year.
Gold rises on weak US jobs data, lower oil prices
Gold prices increased on Thursday, hitting a one-week high. The rise was mainly due to weaker-than-expected US jobs data and falling oil prices.
OpenAI offers 5% stake to Trump administration: Report
OpenAI has reportedly offered a 5% stake to the US government. The proposal was made during talks about restructuring its corporate governance and getting support from the US administration.
Adani Energy Solutions wants to raise ₹10,000cr via QIP
Adani Energy Solutions Ltd (AESL) has announced its plan to raise up to ₹10,000 crore from institutional investors.
Google ordered to pay $2B in Swedish antitrust case
Google has been ordered to pay nearly $2 billion by a Swedish court.
SoftBank has invested another $10B in OpenAI
SoftBank has invested another $10 billion in OpenAI, as part of a larger $30 billion commitment.
Virat Kohli-backed Agilitas plans to buy this Yuvraj Singh-supported company
Agilitas, a sports goods manufacturing start-up backed by cricket superstar Virat Kohli, is in advanced talks to acquire Sports365.
Indian IT stocks down 50% from peak: Time to buy?
India's top IT companies, including Tata Consultancy Services (TCS) and Infosys, have seen their market capitalization drop by over 50% from their peak.
Abu Dhabi-based MGX secures $49B for AI fund
Abu Dhabi-based MGX has raised a whopping $49 billion for one of the largest-ever funds dedicated to artificial intelligence (AI) investments.
Reliance Power shares up by 10% today: What's the reason?
Reliance Power's share price skyrocketed by over 10% to ₹27.45 apiece on the Bombay Stock Exchange (BSE) today.
Overseas investments to become more difficult for Chinese companies
China has introduced stricter regulations for overseas investments, effective from today.
Modi government might make recycling of solar modules mandatory
The Indian government is working on a national policy for solar module recycling, as per Mint.
Aluminum prices hit 4-month low: Here we decode why
Aluminum prices have plummeted to their lowest since mid-February, largely due to a strengthening US dollar.
How NPCI plans to simplify your UPI payments abroad
The National Payments Corporation of India (NPCI) has partnered with HSBC India and J.P. Morgan Payments to make international Unified Payments Interface (UPI) transactions more efficient.
Sensex gains over 500 points: What's behind today's rally?
India's equity benchmarks, the Sensex and Nifty, are witnessing a strong rally today. The Sensex has gained over 500 points while the Nifty is trading above the 24,000 mark.
Why PhysicsWallah is offering new faculty ₹15L as reward
Leading edtech company PhysicsWallah is offering its newly hired faculty monetary rewards of up to ₹15 lakh, as per Moneycontrol.
GST collections in June jump 13.9% YoY to ₹1.95L crore
India's Goods and Services Tax (GST) collections witnessed a significant jump of 13.9% year-on-year in June, reaching ₹1.95 lakh crore.
Meet Gautam Swaroop, new chief business officer of Swiggy Instamart
Swiggy's Instamart, a leading quick commerce platform in India, has appointed Gautam Swaroop as its new Chief Business Officer (CBO).
You can use EPFO's online services from tomorrow
The Employees' Provident Fund Organisation (EPFO) has announced an extension of the suspension period for its online member and employer services.
Foreign buying of Indian bonds hits record after tax relief
India's bond market has witnessed a record surge in foreign investment, with funds pouring in $4.4 billion (about ₹41,800 crore) last month.
India's factory growth slows in June
India's manufacturing sector has witnessed its second-slowest growth in four years, according to a recent survey.
Bitcoin sinks to 21-month low
Bitcoin, the world's largest cryptocurrency, has hit a new 21-month low.
Knack Packaging IPO opens with 15% GMP: Should you bid?
Knack Packaging, a leading manufacturer of integrated packaging solutions, has opened its initial public offering (IPO) for subscription today.
EPFO extends service suspension till July 2
The Employees's Provident Fund Organisation (EPFO) has announced an extension of the suspension period for its online member and employer services.
No check-in bag? IndiGo has a cheaper fare for you
IndiGo, India's leading low-cost airline, has launched a new fare category called "IndiGo Lite."
Trump earned $1.4B from crypto in 2025
President Donald Trump has reported a whopping $1.4 billion in earnings from cryptocurrency and memecoin-related businesses in 2025.
Nayara Energy slashes petrol, diesel prices by up to ₹5
Nayara Energy, India's largest private fuel retailer, has announced a nationwide reduction in petrol and diesel prices.
Commercial LPG prices slashed by ₹183.5
In a major relief for restaurants and commercial establishments, the government has slashed the price of a 19kg commercial LPG cylinder by ₹183.5 from today.
Microsoft may lay off about 5,500 employees: Report
Microsoft is preparing for a fresh round of job cuts, according to Business Insider.
After Trent, Noel Tata is stepping down as Voltas chairman
Noel Tata, a veteran leader of the Tata Group, has announced his decision to step down as Chairman of Voltas.
EY fires employee for accessing Australian PM's bank account
An employee of Ernst & Young (EY), one of the Big Four accounting firms, has been fired after allegedly accessing Australian Prime Minister Anthony Albanese's personal banking information.
India Semiconductor Mission 2.0 secures funding worth ₹1.25 lakh crore
The Expenditure Finance Committee (EFC) has approved an allocation of ₹1.25 lakh crore for the second phase of the India Semiconductor Mission (ISM 2.0).