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Kotak Mahindra Bank targets top 3 private-bank profits by 2030
Kotak Mahindra Bank aims to become India's third-most profitable private lender by 2030, leveraging AI and automation, even as workforce disruptions loom over the next few years.
Bitcoin $62,700 as U.S.-Iran talks stall and Fed signals caution
Bitcoin traded near $62,700 on Friday, reflecting a 2.21 percent decline as geopolitical uncertainty and the US Federal Reserve's hawkish stance weighed on investor sentiment.
Japan's Nikkei jumps 7.9% to record 71,250.06 on AI rally
Japan's Nikkei index soared 7.9% this week, marking its sharpest weekly gain since August 2024, driven by strong rallies in AI-related shares and tech sectors.
Singapore-based Aleta Planet to enter India with Visa cards
Singapore-based fintech firm Aleta Planet plans to enter India, offering Visa debit card infrastructure and exclusive Sanrio-themed collectable cards to attract diverse audiences.
Accenture trims revenue growth outlook, Indian IT stocks fall
Accenture's lowered revenue guidance and cautious demand outlook have sparked a sharp decline in Indian IT stocks, raising concerns about prolonged challenges for the sector.
SEBI to roll out rules for gold and silver ETFs
SEBI will implement a revised framework for Gold and Silver ETFs from 1 September, introducing dynamic price bands and enhanced transparency to improve trading efficiency.
Tata iPhone parts factory in Hosur, Tamil Nadu under investigation
Indian authorities are investigating contamination complaints from farmers near Tata's iPhone parts factory in Hosur, following reports of skin issues and polluted farmland.
Infosys lands $325 million deals, $170 million Volvo AI modernization initiative
Infosys has secured three major contracts totaling $325 million, including a $170 million deal with Volvo Cars, focusing on AI-led transformation and IT modernization initiatives.
KPMG admits leaking Optus data to staff on Telstra pitch
KPMG admitted staff leaked Optus’ confidential information during a Telstra contract bid and surveilled a whistleblower’s laptop, sparking scrutiny at a parliamentary inquiry.
Analysts expect Stoxx Europe 600 to reach 640 by end-2026
Goldman Sachs and Barclays have raised their Stoxx Europe 600 forecasts, citing improved market conditions and recovery potential driven by AI and sector rotation.
HFCL shares hit upper circuit after 2,666.09cr BharatNet win
HFCL shares hit a 5% upper circuit for the second session, driven by a Rs 2,666.09 crore BharatNet Phase-III contract from Rail Vikas Nigam Limited.
Meta in talks to invest in CRED at $4B valuation
Meta, the parent company of Facebook, is said to be in talks to invest in Indian fintech and payments start-up CRED.
Amazon to discuss selling Trainium to data centers, DeSantis confirmed
Days after Amazon CEO Andy Jassy outlined ambitions to challenge Nvidia, Amazon’s AI chief Peter DeSantis revealed AWS is in talks to sell Trainium chips to third parties.
UK government borrowed £23.3 billion in May amid Iran war
The UK borrowed £23.3bn in May 2026, exceeding forecasts, as rising interest costs and increased spending highlight fiscal challenges during the ongoing Middle East conflict.
Intel shares surge 10% after Trump announces Apple chip deal
Intel's shares soared by 10% on Thursday, following President Donald Trump's announcement of a partnership between the semiconductor giant and Apple.
Paras Defence stock surges 28% in 3 days to ₹1,439
Paras Defence shares surged 28% in three sessions, driven by optimism around India's expanding defence manufacturing ecosystem and robust investor confidence in the sector.
Bitcoin slips near $62,500 and Ethereum drops to $1,689
Bitcoin trades near $62,500 as Federal Reserve uncertainty and weak institutional inflows weigh on sentiment, with the broader crypto market facing cautious momentum.
Bengaluru based RMZ targets 250MW to 2-3GW in 5 years
Indian real estate firm RMZ plans to scale data center capacity to 2-3 gigawatts within five years, leveraging a $35 billion investment for AI factories and co-location centers.
MTAR Technologies shares hit ₹8,714 as orders and profits surge
MTAR Technologies shares surged nearly 5%, reaching a fresh 52-week high, as the stock delivered an astounding 138% return over the past three months.
Horizon Reclaim IPO raises ₹54.3 cr, shares jump 47%
Horizon Reclaim (India) Limited debuted on BSE SME at Rs 151 per share, a 47% premium over its IPO price of Rs 103, reflecting strong investor demand.
Craigslist founder gives away $500M, slams billionaires leaving donation pledge
Craig Newmark, the multi-millionaire founder of online classifieds platform Craigslist, has given away about $500 million to charity since starting the company 30 years ago.
Indian rupee gains 20 paise to 94.20 against US dollar
The rupee strengthened by 20 paise to 94.20 against the US dollar, driven by optimism over an India-US trade agreement and supported by softer crude oil prices.
Zerodha launches India's 1st target date funds for 2036, 2041
Zerodha Fund House introduces India’s first target-date Life Cycle Funds with 2036 and 2041 maturities, offering dynamic asset allocation for long-term financial goals.
India's 1st B28 bullet prototype due early 2027 in Bengaluru
BEML plans to unveil India’s first bullet train prototype by early 2027, with the B28 high-speed rail service expected to commence operations between Surat and Vapi in August 2027.
Sensex, Nifty plunge over 700 points as IT stocks crash
The Indian stock market witnessed a sharp decline in early trade on Friday, breaking a five-day winning streak.
HDFC Bank shares slip just over 2% after ₹13 ex-dividend
HDFC Bank shares dropped over 2% on June 19 after turning ex-dividend for a Rs 13 per share payout, with the adjusted decline limited to around 0.5%.
Nikita Bier invites Meta staff to join X, mention 'snacks'
As Meta grapples with low morale after layoffs and AI restructuring, rival X seizes the opportunity by recruiting engineers, even jokingly offering better snack perks.
Indian Sensex drops 635.85 points as Nifty slips 170.10 points
The S&P BSE Sensex dropped 635 points, snapping a strong 5-day rally, as IT stocks faced heavy selling triggered by Accenture's weak demand outlook and Fed's hawkish stance.
SpaceX to acquire Anysphere, maker of Cursor, for $60 billion
Aman Sanger, an Indian-origin entrepreneur and MIT graduate, co-founded Cursor, the AI coding startup acquired by SpaceX in a groundbreaking $60 billion deal.
Reliance AGM today: When and where to watch live
Reliance Industries is gearing up for its 49th Annual General Meeting (AGM) today, with investors keenly awaiting updates on the company's future plans.
Central unions ask Eighth Pay Commission for 5 pay hikes
Employee unions propose five financial upgradations at six-year intervals to address limited promotions and boost morale for Group B and C central government employees.
India's Global Capability Centers exports reach $153bn FY25 projected $164bn
India's GCCs have witnessed a remarkable surge, with exports growing 2.4 times to $164 billion and employment doubling to 4.2 million over six years, driven by global demand.
Goldman Sachs cuts 2026 gold forecast from $5,400 to $4,900
Goldman Sachs reduced its year-end gold target by $500 to $4,900 an ounce, citing delayed Federal Reserve rate cuts and potential downside risks from tighter monetary policy.
Meta reportedly considers Cred acquisition or investment at $4 billion
Meta is exploring a potential investment in Indian fintech startup Cred, valuing it at $4 billion, as part of its strategy to strengthen its presence in India's payments ecosystem.
Rupee opens lower at ₹94.35 as Fed stays hawkish
The rupee slipped 2 paise to 94.35 against the dollar on June 19, as the US Federal Reserve's hawkish stance bolstered the greenback despite easing crude prices.
DeepSeek seeks $7.4B while demanding investors not to poach employees
DeepSeek, a Chinese AI giant, has mandated investors in its $7.4 billion funding round to refrain from poaching employees, underscoring fierce competition for top AI researchers.
Moody's Fitch S&P rate SpaceX investment grade amid share decline
SpaceX secured investment-grade credit ratings with a stable outlook from Moody's, Fitch, and S&P Global, signaling confidence in its financial stability.
Trump mocked Bezos, Zuckerberg's attempts to win him, book reveals
In a new book by New York Times reporters Maggie Haberman and Jonathan Swan, it has been revealed that Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos tried to win over the US President Donald Trump after his 2024 election victory.
Indian rupee opens at 94.34 per US$, Finrex expects 94.00-94.70
The Indian rupee opened steady at 94.34 against the US dollar, while Asian currencies showed mixed performance amid a strengthening Dollar Index and elevated crude oil prices.
Indian client funds in Swiss banks fall to ₹36,800 cr
Indian-linked funds in Swiss banks dropped over 8% in 2025 to 3.25 billion Swiss francs, while direct deposits by Indian individuals and institutions surged more than 50%.
Helios India shuns IT services over AI, backs domestic consumption
Helios India avoids IT stocks, citing AI's disruptive impact, and focuses on domestic consumption driven by favorable demographics and rising millennial aspirations.
US questions ASML over alleged EUV machine transfer to China
The U.S. has expressed concerns to ASML about a potential breach of export restrictions, fearing one of its advanced chipmaking tools may have reached China, Bloomberg reports.
Modi at VivaTech invites European firms, cites over $50B incentives
Prime Minister Narendra Modi, at VivaTech 2026 in Paris, highlighted India's vast talent pool and incentives, urging European businesses to collaborate on frontier technologies.
Burger Motorsports pauses November 19 for 'Grand Theft Auto VI'
California-based Burger Motorsports will temporarily halt operations on November 19, 2026, as employees plan to take leave for the highly anticipated release of Grand Theft Auto 6.
US dollar strength, Fed stance weigh on commodities and oil
Crude oil prices dropped as supply concerns eased, while gold and other precious metals weakened for a third week, pressured by a stronger U.S. dollar and hawkish Fed signals.
Oil slips after US Vice President JD Vance warns Israel
Oil prices rose slightly as US Vice President JD Vance cautioned Israel against violating the Middle East peace deal, raising concerns over regional stability.
US tells Anthropic to suspend foreign access, company pauses globally
A sudden US government directive forced Anthropic to disable its flagship AI models worldwide, disrupting businesses and exposing vulnerabilities in the global AI-reliant economy.
Yen weakens to 161.205 per US dollar after BoJ hike
The yen hovered near four-decade lows despite the Bank of Japan's recent rate hike, as investor concerns and limited intervention efforts failed to stabilize the currency.
SpaceX IPO makes over 4,400 millionaires as valuation hits $1.77T
Over 4,400 current and former SpaceX employees are poised to become millionaires after the company's IPO valued it at $1.77 trillion, with some earning over $100 million.
US dollar climbs as traders expect Fed to raise rates
The US dollar surged as traders anticipated Federal Reserve rate hikes, bolstered by strong economic data and a hawkish policy update amid retreating oil prices.
Accenture posts $18.7B revenue, trims forecast and shares fall 17%
Accenture reported $18.7 billion in Q3 revenue, narrowly missing Wall Street estimates of $18.8 billion, as slowing tech spending and geopolitical conflicts weighed on growth.
Meta, Reliance build 168-megawatt Jamnagar AI facility, India's 1st large-scale
Meta is revolutionizing India's digital landscape with groundbreaking AI data centers and proprietary silicon development, spearheaded by its Bengaluru hub and Jamnagar project.
Government to sell 8-10% stakes in 3 PSBs raising 13,000cr
The government plans to dilute 8-10% stakes in Punjab & Sind Bank, UCO Bank, and Indian Overseas Bank to meet Sebi's 25% minimum public shareholding norms.
OpenAI expands engineering presence in India for multilingual voice assistant
OpenAI plans to expand its engineering team in India to develop a multilingual, context-aware voice AI assistant, advancing its push toward artificial general intelligence.
Bin Lu says India is Schneider Electric's 3rd-largest market
India ranks as Schneider Electric's third-largest market, driven by significant sales, revenue, and growth. The country also hosts Schneider's largest global R&D hub in Bengaluru.
India, US near interim FTA after Modi Trump Evian talks
Significant progress has been achieved on the India-US interim free trade agreement, with both nations in the final stages of concluding discussions, according to officials.
Walmart halves Walmart Plus price to $49 before June 22
Walmart is offering its Walmart Plus membership at half price—$49 instead of $98—just in time for early access to Walmart Deals starting June 22nd.
Snap spins off Dotmo to cut costs, license gaming tech
Snap is spinning off its generative AI video team into a new company, Dotmo, citing high internal costs. Dotmo will focus on creating interactive gaming experiences.
Modi and Macron at VivaTech Paris showcase India's AI agenda
Prime Minister Narendra Modi emphasized India's vision of human-centric AI and announced over $50 billion in incentives to foster innovation and private enterprise.
India initiates export sustainability certification to meet EU, UK rules
India has begun developing sustainability certification standards for export products to meet stricter compliance norms in markets like the EU and UK.
Refurbished phones and pre owned vehicles rise amid price increases
Refurbished smartphones now account for 26% of sales, while pre-owned car sales rose 9% in FY26, as rising prices push consumers toward more affordable alternatives.
Starbucks plans 50-100 new stores every year in India
Starbucks is planning to expand its footprint in India by opening 50-100 new stores every year. This was revealed by Tata Starbucks Chief Executive Officer Sushant Dash in an interview with Bloomberg Television.
BBC to cut 550 jobs as part of cost-saving plan
The British Broadcasting Corporation (BBC) has announced plans to cut 550 jobs in its news, nations, and TV and radio content divisions.
Meta CTO says workers' morale is near record lows
Meta's Chief Technology Officer (CTO) Andrew Bosworth has evealed that employee morale at the company is probably one of the worst it's ever been.
NSE IPO could turn SBI's ₹2cr bet into nearly ₹5,000cr
The State Bank of India (SBI), India's largest lender, is poised to make a massive profit from its investment in the National Stock Exchange (NSE).
IndiGo launches airport cab service
IndiGo has launched a new airport transfer service called 'Cabs with IndiGo.' The innovative offering lets customers book cabs to and from airports in different Indian cities.
Gold, silver prices fall after US Fed holds rates steady
Gold and silver prices have witnessed a decline after the US Federal Reserve's decision to keep interest rates unchanged.
India-UK FTA starts July 15: What's getting cheaper for Indians?
India's Free Trade Agreement (FTA) with the United Kingdom will come into effect on July 15, nearly a year after it was signed.
Bitcoin price drops below $65,000
Bitcoin's price has dropped below the crucial $65,000 mark amid easing geopolitical tensions in the Middle East and a more hawkish stance from the US Federal Reserve.
India seeks $2.5B loans from World Bank, ADB
India is in talks with the World Bank and Asian Development Bank (ADB) to secure $2.5 billion in funding, according to Bloomberg.
Cult.fit plans ₹4,000cr IPO this month
Cult.fit, India's leading fitness services provider, is gearing up to file its draft red herring prospectus (DRHP) for an initial public offering (IPO) worth ₹3,500-4,000 crore this month, as per Moneycontrol.
JPMorgan drops Anthropic's Claude from approved list in Hong Kong
JPMorgan has removed Anthropic's Claude AI models from an internal list of approved AI tools in Hong Kong, according to Financial Times.
Oil prices fall as US-Iran peace deal eases supply fears
Oil prices fell on Thursday after US President Donald Trump and his Iranian counterpart Masoud Pezeshkian signed a deal.
NSE files for ₹30,000 crore IPO
The National Stock Exchange of India (NSE), the country's largest stock exchange and a major player in global derivatives market, has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator SEBI.
How a $4B sneaker brand became an AI company
Shoe manufacturer-turned-AI infrastructure firm, Allbirds, has announced a major rebranding and executive change. The company will now be known as Smartbird.
RBI removes interest rate cap on new FCNR(B) deposits
The Reserve Bank of India (RBI) has removed the interest rate ceiling on new three- and five-year Foreign Currency Non-Resident Bank (FCNR-B) deposits.
This Indian data center company raised ₹7,000cr at ₹44,914cr valuation
CtrlS Datacenters, a leading Indian data center company, has secured a massive ₹7,000 crore investment from the Canada Pension Plan Investment Board (CPP Investments).
Why IOC, BPCL, and HPCL could each gain ₹20,000cr
India's oil marketing companies (OMCs) could see a major boost in profitability if the current trend of falling crude oil prices continues.
Manipal Hospitals plans $1B IPO in July
Manipal Health Enterprises, which runs the Manipal Hospitals chain, is planning to launch its initial public offering (IPO) as early as next month, as per the Economic Times.
Blue Star, Voltas shares rally amid delayed monsoon
Shares of air conditioner manufacturers and related companies have witnessed a jump of up to 5% on Wednesday.
This 25-year-old sold his AI start-up to Musk for $60B
Michael Truell, a 25-year-old co-founder and CEO of Cursor, an AI coding start-up, has become one of the youngest self-made billionaires in the artificial intelligence era.
Does Louis Vuitton owner Bernard Arnault control French press?
Bernard Arnault, the billionaire owner of the world's largest luxury group LVMH, is facing criticism from journalists' unions in France for his increasing dominance over the country's business and economic press.
Why US government wants lawsuit against xAI to be dismissed
The US Justice Department has moved to dismiss a lawsuit against Elon Musk's xAI, a company accused of operating without proper permits.
You can soon order electronics, jewelry, furniture on Amazon Now
Amazon is ramping up its quick-commerce operations in India by launching over 100 Urban Fulfillment Centers (UFCs).
This housing finance company is planning ₹3,000cr IPO in India
Warburg Pincus-backed TruHome Finance is gearing up for a ₹3,000 crore initial public offering (IPO), Moneycontrol reported.
Google Pay, PhonePe's combined UPI market share now below 80%
For the first time since the National Payments Corporation of India (NPCI) began publishing app-specific transaction data, PhonePe and Google Pay's combined market share has fallen below 80%.
Air India now offers 'Basic' fare on certain domestic flights
Air India has launched a new 'Basic' fare on select domestic routes, aimed at price-conscious travelers.
India's stock market regains $5T valuation
The combined market capitalization of all BSE-listed companies has crossed the $5 trillion mark, hitting a six-week high.
Why Vedanta Aluminium shares are down 14% in 3 days
Vedanta Aluminium, touted as the "crown jewel" of Vedanta Group, has witnessed a massive 14% decline in its shares within three days of listing.
SpaceX overtakes Amazon, Microsoft in market value
SpaceX briefly surpassed Microsoft in market capitalization on Tuesday, becoming the fourth-largest company in the world.
Jio set to file for $4B IPO within days
Reliance Jio Infocomm is expected to file its draft papers for a $4 billion initial public offering (IPO) "within days," as per the Financial Times.
Oil prices fall below $80 for first time since March
Oil prices have started to cool off, falling below $80 per barrel for the first time since early March.
SpaceX acquires AI coding start-up Cursor for $60B
SpaceX, Elon Musk's company, has announced its acquisition of AI coding start-up Cursor for a whopping $60 billion.
Yum Brands sells Pizza Hut chain for $2.7B
Yum Brands, the parent company of Pizza Hut, has announced its decision to sell the iconic pizza chain for $2.7 billion.
Unilever is creating AI twins of factories to boost efficiency
Unilever has joined forces with Accenture to scale the use of artificial intelligence (AI)-powered digital twins across Unilever's global manufacturing network.
Centre raises export duties on diesel and jet fuel
The Indian government has hiked the export duties on diesel and Aviation Turbine Fuel (ATF).
Influencer Sharan Hegde buys stake in creator start-up Madhouse Mafia
Finance influencer and entrepreneur Sharan Hegde has acquired a minority stake in creator-focused start-up Madhouse Mafia.
Soon, Groww and Zerodha users could buy US stocks
India's leading brokerage firms—Zerodha, Groww, Angel One and Upstox—have received approval from the International Financial Services Centres Authority (IFSCA) to offer international and US stock investing through GIFT City.
Sify Infinit puts $391M IPO on hold
Sify Infinit Spaces Ltd., India's first pure-play data center operator, has put its $391 million initial public offering (IPO) on hold.
China's DeepSeek raises $7.4B at $50B valuation
Chinese artificial intelligence (AI) start-up DeepSeek has raised over 50 billion yuan ($7.4 billion) in its first funding round.
RBI to hire young professionals for ₹1.5 lakh/month stipend
The Reserve Bank of India (RBI) is on the lookout for young professionals to join its Central Office Departments in Mumbai.
SoftBank's Vision Fund CFO Navneet Govil quits after 10-year stint
Navneet Govil, the Chief Financial Officer (CFO) of SoftBank Group's Vision Fund investing arm, is leaving the company after a decade-long stint.
Xbox might close or sell these 3 game studios
Microsoft is planning to shut down or sell at least three of its Xbox game development studios: Ninja Theory, Double Fine and Compulsion Games.
EU faces €1B per day trade deficit with China
The European Union (EU) is facing an unprecedented trade deficit with China, hitting a staggering €1 billion per day.
Salesforce buys AI customer service platform Fin for $3.6B
Salesforce, the leading cloud-based software company, has announced its decision to acquire Fin, an artificial intelligence (AI) customer service platform.
Why TCS is facing a $70M hit in Q1 FY27
Tata Consultancy Services (TCS) will incur a one-time exceptional charge of $70 million in Q1 FY27.
Paytm unveils AI-powered card checkout platform for businesses
Paytm Payment Gateway has launched a new artificial intelligence (AI)-powered card checkout solution, "Agentic AI Card Checkout."
Devyani, Sapphire Foods shares jump on nod for merger
Shares of Devyani International and Sapphire Foods have jumped up to 7% today.
NVIDIA to raise $25B in bonds amid AI demand surge
NVIDIA has announced its plan to raise $25 billion through a US bond issuance.
Musk's xAI loses trade secrets lawsuit against OpenAI
A federal judge has dismissed a lawsuit filed by Elon Musk's artificial intelligence company, xAI. The suit accused rival tech firm OpenAI of stealing trade secrets for its chatbots.
Florida sues TikTok over child safety law violations
Florida's Attorney General James Uthmeier has filed a lawsuit against TikTok, alleging violation of the state's child safety law.
Japan raises interest rate to 31-year high
The Bank of Japan has raised its policy rate to 1%, the highest in 31 years.
Musk's net worth hits record $1.3 trillion
Elon Musk's net worth has skyrocketed to a record-breaking $1.3 trillion after SpaceX shares surged nearly 20% in the company's first full trading session post its blockbuster initial public offering (IPO).
China's retail sales fall for 1st time since 2022
China's retail sales have witnessed a decline for the first time in over three years.
Strong investor demand lifts SpaceX's record-breaking IPO proceeds to $86B
SpaceX, Elon Musk's rocket, AI and internet conglomerate, has raised a record-breaking $85.7 billion through its initial public offering (IPO).
Fox strikes $22B deal to acquire streaming giant Roku
Media giant Fox has announced its acquisition of streaming company Roku in a deal worth $22 billion.
India posts current account surplus of $4.7B in April
India recorded a current account surplus of $4.7 billion in April 2026, according to preliminary data released by the Reserve Bank of India (RBI) today.
Sarvam AI turns unicorn after raising $234M at $1.5B
Bengaluru-based artificial intelligence (AI) start-up Sarvam AI has become the latest entrant in India's unicorn club.
Use E20 fuel? Your vehicle insurance claim might be denied
ICICI Lombard General Insurance has warned that insurance claims for fuel-related damages could be rejected in certain cases.
Indian economy facing challenges, could impact growth: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has warned that the Indian economy is facing several challenges, including tariff shocks and supply chain disruptions.
Kazakhstan's new $10B AI deal is supported by NVIDIA
Kazakhstan has signed a series of agreements with US-based start-up Firebird Inc. to develop artificial intelligence (AI) infrastructure.
India's unemployment rate rises to 5.5% in May
India's unemployment rate has increased to 5.5% in May, up from April's 5.2%, government data released on Monday showed.
Asset management stocks surge after Sitharaman hints at more reforms
Shares of capital market-focused companies witnessed a major rally on Monday.