Business News
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China's AI shift: MiniMax and Zhipu reach valuations above $40B
China's low-cost artificial intelligence models are attracting global users, creating new victors in the nation's stock market due to a rising demand for "tokens".
Rupee gains to 92.83 after West Asia ceasefire, RBI aid
The Indian rupee marginally strengthened against the US dollar on April 20, but persistent global oil price volatility may limit further appreciation.
Japan's Nikkei 225 nears record on artificial intelligence optimism Monday
Japan's Nikkei index surged Monday, nearing a historic peak, driven by optimism in the AI sector and strong US indices, despite Middle East tensions.
Polymarket seeks $400 million, targets $15B valuation after ICE $600 million investment
Polymarket, a prediction markets platform, is reportedly in discussions to raise $400 million in funding at a $15 billion valuation.
Jio Financial reports profit drop as revenue doubles in Q4
Jio Financial Services' shares are under scrutiny as the company reports a 14% YoY drop in Q4 profit, despite a 106% surge in revenue.
India government bond yields likely dip amid US Iran tensions
Indian government bonds are predicted to start the week lower due to rising oil prices and ongoing US-Iran uncertainties.
Adani Atomic Energy launches Coastal-Maha Atomic Energy Ltd. with ₹5L
Adani Power Ltd has established a new subsidiary, Coastal-Maha Atomic Energy Ltd (CMAEL), to advance its nuclear energy ambitions.
HDFC Bank Q4 PAT up 9% 47 analysts remain Buy
All 47 analysts tracking HDFC Bank now recommend a 'Buy' following the bank's steady Q4 performance, despite some ongoing challenges.
Bengaluru draws Anthropic, OpenAI and Mistral as AI hub
Major tech companies like Anthropic and OpenAI are setting up offices in Bengaluru, driving demand in the commercial real estate market.
Akshaya Tritiya gold surge shifts buyers to coins, investment purchases
High gold prices led to a subdued demand during Akshaya Tritiya, while silver saw steady growth. Consumers shifted towards lightweight and investment-led purchases.
South Korea's Kospi rises above 6,200 amid near 50% gain
South Korean stocks have rebounded from the Iran war-induced slump, driven by a surge in chipmakers amid rising US-Iran tensions and renewed interest in artificial intelligence.
Donald Trump confirms US seized Iranian cargo ship, oil jumps
Oil prices jumped over 6% on Monday, nearing $100 per barrel, as tensions escalated around the Strait of Hormuz despite ceasefire hopes.
Aurobindo Pharma receives US FDA approval for 2 generics
Aurobindo Pharma's shares are set to be in the spotlight following USFDA approval for its cough syrup product, Dextromethorphan Polistirex.
Gold and silver fall after Strait of Hormuz ship attacks
Gold and silver prices fell up to 2.5% today due to escalating tensions between the US and Iran, casting uncertainty over the future of these precious metals.
Gold slides over 1% to $4,762.09 amid stronger US dollar
Gold prices fell over 1% due to a strengthening US dollar, while rising oil prices, fueled by escalating US-Iran tensions, stoked inflation fears.
India begins busy trade negotiations with 5 partners in April
India is preparing for a series of significant trade discussions, including in-person talks with the US and signing a free trade agreement with New Zealand.
Asian markets steady as oil spikes amid Iran tensions
Asian shares remained stable on Monday, while oil prices surged due to escalating US-Iran tensions and the closure of the Strait of Hormuz.
US seizure prompts Iran to tighten Hormuz access, rattling markets
Oil prices soared and global markets fluctuated as escalating tensions in the Strait of Hormuz disrupted Gulf shipping, fueling concerns over potential supply shortages.
Razorpay to file IPO raising $600 million-$700 million, valuation cut to $5B-$6B
Fintech unicorn Razorpay is preparing to confidentially file for an IPO, aiming to raise between $600 million and $700 million at a valuation of $5-6 billion.
Canva shifts AI-first, targets India Brazil ahead of Nasdaq IPO
Canva is focusing on India and Brazil to drive its transition to an AI-native platform, with India ranking second in AI usage for the design software company.
MakeMyTrip considers IDRs to address Mauritius tax issues after redBus
MakeMyTrip, a Nasdaq-listed travel company, is contemplating listing its Indian arm via Indian Depository Receipts (IDRs) to manage potential tax obligations.
Senior Indian IT leaders launch AI startups offering affordable services
Senior Indian IT executives are leveraging their expertise and networks to launch AI startups, filling niche market demands and attracting venture capital.
US dollar rises after President Trump seizes Iranian ship
The dollar rose to its highest level in a week as renewed Middle East tensions prompted investors to seek safe havens, reversing a recent selloff.
Harish Chidambaran and Farhan Naqvi arrested over $421 million revenue claim
Two Indian-origin men have been charged for defrauding investors through false revenue figures and fake contracts at their Maryland-based technology company, iLearning.
India's AEC approves FDI policy to invite foreign investment
India's Atomic Energy Commission has approved a new foreign direct investment policy, moving the country closer to opening its nuclear power sector to foreign investors.
Air India commits $400 million to upgrade cabins and lounges
Air India is enhancing its passenger experience with upgraded cabins, new aircraft, and exclusive airport lounges in a bid to attract premium travelers and increase revenue.
India Labor Ministry mulls multi-manager social security for gig workers
India's labour ministry is exploring a multi-manager framework for its new social security scheme aimed at gig and platform workers.
Stephanie Elam leaves CNN after more than 2 decades
Stephanie Elam, a seasoned CNN correspondent, has announced her departure from the network after over two decades of service. Her next move remains undisclosed.
Why India's beer industry is facing a crisis
The Indian beer industry is facing a major crisis due to the ongoing war, which has led to increased input costs and supply shortages.
Vedanta power plant blast: Death toll rises to 24
The death toll from the April 14 explosion at the Vedanta power plant in Chhattisgarh's Sakti district has now risen to 24.
Modi government is considering 100% FDI in pension sector
The Indian government is considering a major change in the foreign direct investment (FDI) policy for the pension sector.
Lenskart issues apology, releases new 'in-store style guide' after backlash
Eyewear retailer Lenskart has issued a public apology and released a revised "In-Store Style Guide" after facing online backlash over an alleged grooming policy.
Adani airport-cities in Navi Mumbai, Guwahati, Ahmedabad on the way
Adani Enterprises Ltd (AEL) has announced the incorporation of three wholly-owned subsidiaries under its step-down unit, Adani Airport City Ltd.
India to grow at 6.8-7.1% in FY27: SBI Research
India's economy is expected to grow by 6.8%-7.1% in FY27, despite the ongoing oil shock and West Asia conflict, a recent report by SBI Research has revealed.
Market cap of India's top 8 companies up ₹1.87L crore
The market capitalization of eight out of the top 10 most valuable companies in India rose by a whopping ₹1.87 lakh crore last week.
India's LPG consumption down 13% in March: What's the reason?
India's liquefied petroleum gas (LPG) consumption witnessed a sharp decline of 13% in March, owing to supply disruptions caused by the ongoing West Asia conflict.
Digital insurance company Acko fires 5% of its workforce
Digital insurance company Acko has laid off around 60 employees, or about 5% of its workforce.
Akshaya Tritiya 2026: Check gold, silver prices in your city
Gold prices in India's retail market remained largely unchanged today. The day marks Akshaya Tritiya, a festival traditionally considered auspicious for buying gold and silver.
NVIDIA-rival Cerebras files for an IPO in the US
Cerebras Systems, a leading player in the AI chip industry and competitor to NVIDIA, has filed for an initial public offering (IPO) in the US.
Maritime insurance scheme approved to protect India's shipping, trade
The Indian government has approved the establishment of a new maritime insurance scheme, the Bharat Maritime Insurance Pool (BMI Pool).
FPIs invest almost ₹4,800cr in Indian equities this week
Foreign portfolio investors (FPIs) have made a strong comeback in Indian equities, investing ₹4,794 crore in the week ending yesterday.
HDFC Bank posts ₹19,221cr net profit for March quarter
HDFC Bank, India's leading private lender, has reported a net profit of ₹19,221 crore for the March quarter.
ICICI Bank's Q4 net profit jumps 8.5% YoY to ₹13,701.68cr
ICICI Bank has reported an 8.5% year-on-year (YoY) increase in its standalone profit for the fourth quarter of FY26.
YES Bank's Q4 results: Net profit jumps 45% to ₹1,068.4cr
YES Bank has reported a stellar performance in its fourth quarter (Q4) results.
Bitcoin touches 2-month high of almost $78,000: What's the reason?
Bitcoin has reached a two-month high of nearly $78,000, thanks to easing geopolitical tensions and renewed investor confidence.
How Modi government plans to speed up India's exports
The Ministry of Commerce and Industry has reformed the norms committees under the Directorate General of Foreign Trade (DGFT).
Dearness allowance for central government employees hiked by 2%
The Indian government has approved a 2% hike in the Dearness Allowance (DA) for its employees.
Meta might lay off 8,000 employees on May 20
Meta, the parent company of Facebook and Instagram, is gearing up for a major round of layoffs.
India's primary market to see only 1 IPO next week
The primary market is gearing up for a quiet week, with only one initial public offering (IPO) set to open.
India's forex reserves jump by $3.8B to hit $700.9B
India's foreign exchange (forex) reserves have seen a significant weekly increase of $3.8 billion, taking the total to $700.9 billion for the week ending April 10, 2026.
BHEL's revenue in FY26 rises 18% to ₹32,350cr
State-owned engineering giant Bharat Heavy Electricals Limited (BHEL) has reported an impressive 18% year-on-year growth in its provisional and unaudited turnover for FY 2025-26.
Why OpenAI's CTO Srinivas Narayanan has quit the company
Srinivas Narayanan, a senior engineering leader at OpenAI, has announced his decision to leave the company by the end of next week.
Q4 profit of Jio Financial Services down 14% to ₹272cr
Jio Financial Services, the financial arm of Reliance Industries, has reported a nearly 14% decline in its consolidated net profit for the March quarter.
Coding start-up Cursor wants to raise $2B at $50B valuation
MIT-founded artificial intelligence (AI) coding start-up, Cursor, is on the verge of raising at least $2 billion in a new funding round.
OpenAI loses multiple executives as it slashes 'side quests'
OpenAI's ex-Chief Product Officer Kevin Weil and Sora AI video team lead Bill Peebles have announced their departure from the company.
Gold loans: Should you consider this option?
Gold loans have emerged as a popular option for Indians looking for quick financial assistance.
Digital gold: All about this new-age investment option
Digital gold is a new-age investment option rapidly gaining traction in India. It allows investors to buy, store, and sell gold in a digital form, without the hassles of physical storage.
Centre allows 15 banks to import gold, silver till 2029
The central government has authorized 15 major banks, including the State Bank of India (SBI), Axis Bank, HDFC Bank and the Bank of India (BoI), to import gold and silver.
Flipkart to enter movie, concert ticketing market
Walmart-owned e-commerce giant Flipkart is gearing up to enter India's growing movie and concert ticketing market.
BSE m-cap rebounds to $5T, reversing war-led losses
The total market capitalization of all companies listed on the Bombay Stock Exchange (BSE) has rebounded to the $5 trillion mark.
Why RBI's dual compliance mandate is worrying start-ups
The Reserve Bank of India (RBI) has mandated fintech and payment companies to comply with the Digital Personal Data Protection Act (DPDP), in addition to its own guidelines.
India announces ₹12,500cr plan to build 2,500km LPG pipeline network
The Petroleum and Natural Gas Regulatory Board (PNGRB) has announced a massive investment of ₹12,500 crore for the development of Liquefied Petroleum Gas (LPG) pipeline infrastructure.
India's smartphone market just hit a 6-year low: Here's why
India's smartphone market has witnessed its weakest quarter in six years, with a 3% year-on-year decline in shipments during Q1 2026.
TCS ends layoffs, resumes annual salary increment cycle
Tata Consultancy Services (TCS) has announced the end of its layoff cycle and the resumption of its regular annual salary increment cycle.
SpiceJet-Akasa Air collision: Indian aviation regulator probes incident, crews grounded
The Directorate General of Civil Aviation (DGCA) has launched an investigation into a collision between an Akasa Air and a SpiceJet aircraft at Delhi's Indira Gandhi International Airport.
Gautam Adani overtakes Mukesh Ambani as Asia's richest person
Gautam Adani has surpassed Mukesh Ambani to become Asia's richest person, according to the latest data from the Bloomberg Billionaires Index.
Why Indian banks have stopped gold, silver imports
Indian banks have temporarily halted gold and silver import orders from overseas suppliers.
India's digital ad market may double to $22B by 2030
India's digital advertising market is set to witness a massive growth in the next five years.
Spotify wins $322M piracy case but pirates remain untraceable
Spotify and three major record labels have won a default judgment of $322 million against Anna's Archive, an open-source library and pirate activist group.