Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
RBI staff drop to 13,220 as pensions push costs higher
The Reserve Bank of India’s workforce fell by 2.2% in 2025 to 13,220 employees, even as employee expenditure surged 10.8% due to increased pension-related costs.
Indian gold crosses ₹159,000 per 10gm amid international tensions
Gold prices on MCX surged above ₹1.59 lakh per 10 grams, while silver remained steady, as global bullion markets reacted to uncertainty over US-Iran peace talks.
Donald Trump announces 25% to 15% tariff cut through 2027
US President Donald Trump has reduced tariffs on agricultural and industrial equipment from 25% to 15%, aiming to lower costs and boost domestic investment.
Alphabet raises $80 billion for AI infrastructure with Berkshire Hathaway
Google’s parent company, Alphabet, is raising $80 billion to expand its AI infrastructure, following trillion-dollar valuations and IPO plans from Anthropic and SpaceX.
Zhipu AI plans STAR Market IPO offering 2% to 8%
Zhipu AI, a leading Chinese AI firm, plans to apply for a listing on Shanghai's Sci-Tech Innovation Board, aiming to issue 2%-8% of its total share capital.
Hewlett Packard Enterprise posts record quarter on AI demand
Hewlett Packard Enterprise raised its financial targets by two years, driven by surging AI data center demand, as shares soared 36% following record second-quarter results.
Donald Trump rolls out copper aluminum iron import rules
President Trump signed a proclamation reducing tariffs on select metal imports and equipment, aiming to stimulate U.S. industrial growth through revised trade policies.
Blackstone raises $13.1B Asia private equity fund above $10B goal
Blackstone has secured $13.1 billion for its third Asia private equity fund, doubling the size of its 2021 pool and surpassing its $10 billion target.
Andhra Pradesh posts record ₹4,987cr May GST via tech compliance
Andhra Pradesh achieved its highest-ever GST revenue of Rs 4,987 crore in May 2026, marking a 19% year-on-year growth driven by compliance measures and technology integration.
Joseph Anantharaju says token control will shape AI budgets
Enterprises will increasingly prioritize token consumption and optimization in AI budgeting next year as they grasp the rising costs of large language model usage.
India exports rise 14% to $43.56bn as deficit reaches $28.38bn
India's exports surged by 13.78% to USD 43.56 billion in April FY27, marking the highest monthly outbound shipments in over four years, despite a widening trade deficit.
Coca-Cola explores IPO for HCCB, India's largest bottler, 2027 listing
Coca-Cola is exploring a 2027 stock market debut for Hindustan Coca-Cola Beverages, its largest Indian bottler, while planning to retain investment despite selling a partial stake.
Indian insurers shake up cyber risk assessment after IRDAI push
Indian insurers are overhauling cyber risk models after IRDAI raised concerns about generative AI threats like deepfake fraud and AI-enabled phishing.
Indian semiconductor startups raise $92 million in early 2026 amid DLI
Indian semiconductor startups raised $92 million in early 2026, nearly quadrupling 2025's total, driven by government incentives and increasing production activity.
Tata Sons trims Tata Digital valuation by 5.5% to $10.3bn
Tata Sons reduced Tata Digital's valuation by 5.5% during its latest ₹3,000 crore cash infusion, reflecting a reset in expectations amid mounting losses.
NVIDIA accelerates H-1B hiring, landing about 1,200 certifications H1 FY26
Nvidia's H-1B filings highlight software engineers earning nearly ₹3.74 crore in base pay as the AI leader aggressively expands its workforce amid intensifying global competition.
Amazon, Meesho, Swiggy, Zepto and Eternal launch digital commerce coalition
Leading ecommerce companies, including Amazon and Meesho, have launched the Digital Commerce Coalition to enhance customer experiences and support small businesses.
Mitsubishi UFJ Financial Group launches $250 million Indian fintech fund
Japan's MUFG is setting up a $250 million fund targeting early and growth-stage Indian startups, focusing on fintech, as global investors scale back their activity in the region.
Mint poll finds India economy likely grew 7.3% Jan-Mar 2026
India's GDP likely grew 7.3% year-on-year in Q4 FY26, down from 7.8% in the previous quarter, supported by domestic demand and government spending despite global uncertainties.
India slips to 7th as Taiwan South Korea pass $5T
India slips to seventh in global market capitalisation as South Korea's $5.04 trillion valuation edges past India's $4.84 trillion, driven by an AI and semiconductor boom.
Hyderabad-based Coempt Edu Teck beats TCS, wins CBSE e-evaluation contract
Hyderabad-based Coempt Edu Teck secured CBSE’s OSM contract, outscoring TCS in technical evaluation and submitting a financial bid nearly 60% lower than its competitor.
BofA sets Nifty 26,200 warns West Asia crisis, AI investment
Candace Browning of BofA Global Research highlights that policy reforms and the peak of global AI capex could renew foreign investor interest in India.
Alphabet raising $80B to boost AI infrastructure with $30B offering
Alphabet's stock price rose after announcing an $80 billion fundraising plan to expand AI infrastructure, including a $10 billion investment from Berkshire Hathaway.
US dollar rebounds after U.S.-Iran talks pause over Lebanon attacks
The U.S. dollar rose Monday as markets assessed fragile Middle East peace talks, following heightened tensions between the U.S. and Iran over the weekend.
Maya Tata mulls exit to Trent amid Tata Digital losses
Maya Tata, daughter of Noel Tata, is considering leaving Tata Digital amid restructuring, exploring roles in other Tata Group companies like Trent and Tata Consumer Products.
UK factories see fastest 4 year growth as firms stockpile
UK manufacturing expanded at its fastest pace in four years this May, driven by businesses advancing orders to counter rising costs and supply chain disruptions.
Anthropic, maker of Claude chatbot, files to go public
Anthropic, valued at $965 billion and backed by Amazon and Google, has confidentially filed for an IPO, marking a pivotal moment for the booming generative AI industry.
Anthropic prepares October IPO near $1 trillion, Newsom-linked nonprofits poised
California Governor Gavin Newsom’s allies, including Omidyar Network and Ford Foundation, stand to gain $250 million from Anthropic’s anticipated $1 trillion IPO this October.
Goldman Sachs California conference draws 400+ executives, spotlights AI investment
Goldman Sachs’ leveraged finance leaders spotlighted AI infrastructure, with trillions needed for data centers and power, as the sector drives unprecedented capital demand.
China's strict tech export and talent rules worry Indian companies
China's new regulations on technology transfers and talent movement could delay India's plans in electronics and automotive manufacturing, impacting key sectors like EV components.
McDonald's to unveil 'McDonald's>NEXT' plan at Las Vegas meeting
McDonald’s announced its “McDonald’s>NEXT” strategy, focusing on automation, improved hospitality, and better food quality to make stores easier to run and more appealing.
Wall Street edges higher after 2.6% tech jump Monday
Wall Street saw modest gains as tech stocks surged, driven by Nvidia's AI chip launch, while escalating U.S.-Iran tensions and rising oil prices kept markets on edge.
SpaceX updates IPO filing citing water access as major challenge
SpaceX's amended IPO filing highlights water scarcity as a critical challenge for cooling data centers, emphasizing its importance alongside power and material resources.
Haryana unveils Make in Haryana Industrial Policy 2026 aiming ₹5L/cr
Haryana CM Nayab Saini launched the “Make in Haryana Industrial Policy-2026,” targeting ₹5-lakh-crore investment and 10 lakh jobs, alongside signing MoUs worth ₹1.10 lakh crore.
China's new rules for overseas investments: How it affects you
China has introduced new regulations to tighten its grip on overseas investments involving Chinese investors, technology, data, and national security.
No more cash wages to workers in Telangana
In a landmark decision, the Telangana government has banned cash wage payments to workers and mandated electronic transfers.
India's industrial output grew by 4.9% this April
India's industrial output grew by 4.9% in April 2026, according to the first reading of the revamped Index of Industrial Production (IIP) series with FY23 as the new base year.
Noel Tata writes to RBI, opposes Tata Sons public listing
Noel Tata, the chairman of Tata Trusts, has written a letter to the Reserve Bank of India (RBI), opposing any potential public listing of Tata Sons.
UPI crosses 23B monthly transactions for first time
India's Unified Payments Interface (UPI) has achieved a major milestone by crossing the 23 billion monthly transaction mark for the first time in May 2026.
Sensex crashes 1,100 points from day's high levels
India's benchmark indices, Sensex and Nifty, witnessed a major fall from their day's high on June 1.
Why domestic air traffic in India is going down
India's domestic aviation sector has seen a decline in passenger traffic, with only 13.8 million travelers in April 2026.
Why Zee Entertainment's shares are up 20% in 5 sessions
Shares of Zee Entertainment Enterprises have witnessed a massive rally, surging by nearly 20% over the past five sessions.
GST collections up 3.2% YoY to ₹1.94L crore in May
India's Goods and Services Tax (GST) collections rose by 3.2% year-on-year to ₹1.94 lakh crore in May 2026, official data released today has showed.
SoftBank becomes Japan's most valuable company, surpassing Toyota
SoftBank Group has dethroned Toyota to become Japan's most valuable company.
Jet fuel prices cut 27% for international airlines
The price of Aviation Turbine Fuel (ATF) for international airlines has been slashed by 27% in India.
New UPI and ATM rules from today
A host of changes have come into effect from June 1, impacting Unified Payments Interface (UPI) and other financial aspects.
How BYD became a $10B bet for Berkshire Hathaway
During the 2008 global financial crisis, investing legend Charlie Munger spotted a unique opportunity in Chinese electric vehicle (EV) maker BYD.
Installing rooftop solar panels will cost you more now
Starting today, India has implemented a major change in its solar sector.
How Airtel is helping Vodafone Idea add more subscribers
Vodafone Idea (Vi) is capitalizing on the ongoing debate over premium 5G connectivity to position itself as a provider of equal network access for all users.
India's factory growth hits 3-month high
India's manufacturing sector witnessed the fastest growth in three months in May, owing to strong domestic demand and a spike in new orders.
Russia bans aviation fuel exports till November 30
Russia has announced a ban on aviation fuel exports until November 30.
How to trace forgotten mutual funds using new government portal
The Ministry of Finance has launched a new awareness initiative called "Your Money, Your Right" to help citizens trace their forgotten or unclaimed financial assets.
Coinbase re-enters India with direct bank-to-crypto transfers
Popular cryptocurrency exchange Coinbase has launched direct Indian rupee (INR) deposit and withdrawal services for retail users in India.
India-Oman trade deal comes into effect today
India's Comprehensive Economic Partnership Agreement (CEPA) with Oman will come into effect today at 2pm IST.
Why Noel Tata is holding up Tata Sons chairman's reappointment
The chairman of Tata Trusts, Noel Tata, has reportedly told the board of Tata Sons that there are several unresolved issues.
China's manufacturing sector expands for 6th consecutive month
China's manufacturing sector has expanded for the sixth consecutive month in May, albeit at a slower rate.
Berkshire Hathaway buys homebuilder Taylor Morrison for $6.8B
Berkshire Hathaway has announced a major acquisition, agreeing to buy US homebuilder Taylor Morrison Home Corp for $6.8 billion in cash.
Oil jumps 2.5% as Israel intensifies attacks on Lebanon
Oil prices surged over 2% in early trading on Monday, after Israel ordered its troops to advance further into Lebanon.
Commercial LPG prices hiked again
Oil marketing companies have increased the prices of commercial LPG cylinders from today.
Reliance Industries to invest ₹10L crore in AI infrastructure
Reliance Industries Limited (RIL) has announced a massive investment of ₹10 lakh crore in multi-gigawatt-scale AI-ready data centers.
Canada-India trade pact gains momentum at leaders summit
The Western Canada-India Leaders Summit held in Regina, Saskatchewan, has given a major boost to the prospects of a free trade agreement (FTA) between Canada and India.
India-Oman trade pact takes effect tomorrow, granting duty-free export access
India and Oman are set to implement their Comprehensive Economic Partnership Agreement (CEPA) from June 1.
Kevin Warsh urges Fed to reconsider inflation metrics
Federal Reserve Chairman Kevin Warsh has called for a shift in the way inflation is measured, suggesting that the central bank should consider alternative metrics.
RBI may keep repo rate unchanged at upcoming meeting
The Reserve Bank of India (RBI) is likely to keep its key policy rate unchanged at 5.25% during the upcoming bi-monthly monetary policy meeting from June 3-5.
Semiconductor plant in Assam to begin production this fiscal: Vaishnaw
The semiconductor plant at Jagiroad in Assam is likely to start production within the current financial year.
Why trucking in India is slow despite faster expressways
India's huge investment in highways and expressways has not resulted in a proportionate increase in freight movement speed.
Chinese AI firm MiniMax prepares for domestic listing
Shanghai-based artificial intelligence (AI) start-up MiniMax Group Inc. has begun preparations for a domestic listing, according to a regulatory filing.
Anthropic, OpenAI IPOs could fuel growth for Asian tech suppliers
The upcoming wave of stock offerings in the US could be a boon for Asian supply chain companies.
China's factory activity weakens in May
China's manufacturing sector hit a snag in May, with the official Purchasing Managers' Index (PMI) slipping to 50 from April's 50.3.
India, US to hold 4-day trade meet from tomorrow
The chief negotiators of India and the United States will begin a four-day meeting on Monday in New Delhi.
Why EU is planning freeze on Russian oil price cap
The European Union (EU) is mulling a temporary freeze of its price cap on Russian oil, in light of the ongoing Middle East conflict.
Cafe Coffee Day parent swings back to profit in FY26
Coffee Day Global Ltd has announced a profit after tax (PAT) of ₹14 crore for the fiscal year 2025-26 (FY26).
LIC is mulling an entry in India's fintech space
Life Insurance Corporation of India (LIC) is looking to enter the fintech space.
Adani says legal challenges in the US are now over
Billionaire Gautam Adani has announced that the Adani Group has moved past its legal challenges in the United States.
EaseMyTrip's Q4 results: Revenue up 8.9% YoY to ₹152cr
Leading travel platform EaseMyTrip has reported an 8.9% year-on-year growth in its revenue from operations for the fourth quarter of FY26.
Market cap of India's top 7 firms plunges ₹1.54L crore
The combined market capitalization of seven out of India's top 10 most valuable companies fell by ₹1.54 lakh crore last week.
Snap alums launch an investment fund to back AI start-ups
A group of 20 Snap alumni have launched a new investment fund called Ghost Angels.
Government reintroduces windfall tax on fuel exports
The Indian government has reintroduced windfall tax rates on fuel exports, effective from June 1, 2026.
Reliance, NLC explore new project to boost domestic gas supply
NLC India and Reliance Industries have teamed up to explore an underground lignite gasification project in Gujarat.
These 2 IPOs shall open for subscription next week
India's primary market is gearing up for an active week with two public issues, CMR Green Technologies and Hexagon Nutrition, set to open for subscription.
No customs duty on cotton imports till October 31
The Indian government has announced a five-month exemption from customs duty on cotton imports, effective from June 1.
Patanjali Foods' Q4 net profit up 46% YoY to ₹524cr
Patanjali Foods has announced a whopping 46% jump in its consolidated net profit for the March quarter, owing to strong sales of cooking oils and other food items.
Modi government lowers excise duty on petrol, diesel, ATF exports
The Indian government has announced a reduction in the Special Additional Excise Duty (SAED) on exports of diesel, petrol and aviation turbine fuel (ATF).
Uttar Pradesh: Electricity bills to increase by 10% from June
The Uttar Pradesh Power Corporation Limited has announced a 10% increase in electricity bills, effective from June.
India-US trade deal 99% complete, may be signed within weeks
Sergio Gor, the US Ambassador to India, has said that an interim trade deal between the two countries is at the "last 1%."
SpiceJet slapped with ₹125cr GST demand, registration may be canceled
The Goods and Services Tax (GST) Department has issued a tax demand of ₹124.65 crore to budget airline SpiceJet.
Rockstar Games developers form first-ever union
In a historic move, employees at Rockstar Games have announced the formation of their first-ever labor union.
Finance Ministry warns of inflation risks from rising energy prices
India's economy is showing "cautious resilience" amid global uncertainties, but rising energy prices and a potentially weak monsoon could pose inflation risks.
Urgent need to boost semiconductor manufacturing in India: NITI Aayog
NITI Aayog has called for a major push toward self-reliant semiconductor manufacturing in India.
US seizes nearly $1B in Iranian crypto assets
The US has seized nearly $1 billion in Iranian cryptocurrency assets as part of "Operation Economic Fury," US Treasury Secretary Scott Bessent announced.
India becomes 3rd-largest market for Schengen visas
India has emerged as the third-largest market for Schengen visas, with 1.15 million applications in 2025.
Which Schengen countries rejected most visa applications from India (2025)
In 2025, over 181,000 Schengen visa applications from India were rejected, according to data released by the European Commission. This translates to a non-issuance rate of 15.8%.