Business News
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Elon Musk sues OpenAI and Microsoft seeking $134 billion
OpenAI has accused Elon Musk of a "legal ambush" just weeks before a trial over his lawsuit against the startup, alleging sudden changes in his objectives.
Reliance seeks approval to import Iranian oil before waiver ends
Reliance Industries Ltd. is seeking Indian government approval to import Iranian crude oil, ensuring compliance with US and Indian laws.
SEBI bans 39 over alleged RRP semiconductor surge to ₹10,887.10
The Securities and Exchange Board of India (Sebi) has barred 39 individuals and entities from capital markets due to alleged manipulation in RRP Semiconductor's stock price.
Bombay High Court quashes summons, bailable warrant against Bhavish Aggarwal
The Bombay high court has annulled a bailable warrant and summons against Bhavish Aggarwal, CEO of Ola Electric Technologies.
Stargate trio head to Meta amid $135 billion AI push
Three key figures from OpenAI's Stargate initiative, Peter Hoeschele, Shamez Hemani, and Anuj Saharan, are reportedly joining Meta Platforms.
Apple seeks US court order compelling Samsung to hand files
Apple has reportedly requested internal data from Samsung as part of its ongoing antitrust lawsuit with the US government over alleged monopoly practices.
SEBI launches SUPCOMS, e-adjudication and C-SAC for faster secure regulation
The Securities and Exchange Board of India (SEBI) has introduced three new IT platforms aimed at enhancing business ease and cybersecurity supervision.
Christian Klein says SAP AI transition will match cloud challenge
SAP CEO Christian Klein cautions employees about the challenging transition to artificial intelligence, comparing it to the company's difficult shift to cloud computing.
Google secures power distribution license for $15 billion Visakhapatnam hub
Google has secured a power distribution license for its upcoming 1 GW data centre hub in Visakhapatnam, marking a significant step for the $15 billion project.
Chandigarh TiECon 2026 spotlights startups transforming business processes with AI
Chandigarh-based startups are leveraging artificial intelligence to transform traditional business operations, offering solutions for HR, employee monitoring, and exam management.
Income Tax Department launches TRACES 2.0 to simplify TDS management
The Income Tax Department has introduced the upgraded TRACES 2.0 portal, enhancing user experience and simplifying TDS compliance for taxpayers and property buyers.
IBM to pay $17 million to settle DOJ DEI probe
IBM has agreed to pay $17 million to resolve a US government investigation into its diversity, equity, and inclusion (DEI) practices.
Indian stock market up nearly 6% as U.S.-Iran tensions ease
Indian stock indices surged nearly 6% this week, snapping a six-week losing streak, as US-Iran tensions eased and investors adopted a risk-on approach.
Indian companies work with lawyers, share ownership details amid sanctions
Indian firms are intensifying background checks and hiring law firms to avoid transactions with entities on global sanctions lists, amidst a tightening global sanctions regime.
Arun Kumar Singh warns of India's West Asia energy dependence
ONGC CEO Arun Kumar Singh advises India to reconsider its heavy reliance on West Asia for energy supplies, advocating for increased domestic exploration and strategic storage.
Sensex jumps 919 points to ₹451.2L/cr after ₹672 cr inflow
As the West Asia peace plan progresses, the Sensex surged 919 points, buoyed by optimism over an end to the US-Israel and Iran conflict.
Steepest weekly oil drop since 2020 as U.S.-Iran talks loom
Oil prices experienced their largest weekly drop since 2020, falling 1.3% ahead of crucial talks between the US and Iran.
Bitcoin rises above $73,000 despite US inflation at 3.5%
Bitcoin's price defied expectations by surpassing $73,000, despite a near 2-year high in US inflation data. This unusual market response has left crypto traders intrigued.
Reserve Bank of India launches 'Utkarsh 2.0' to digitize banking
The Reserve Bank of India's (RBI) new strategy framework, Utkarsh 2.0, emphasizes improving customer service and financial inclusion while promoting digitisation and innovation.
Ascend Elements files for bankruptcy after raising nearly $900 million
Battery recycling firm Ascend Elements has filed for Chapter 11 bankruptcy, following significant financial difficulties and a challenging electric vehicle market.
Gaming stocks: All about this interesting investment option
As the Indian gaming industry continues to grow, investors are increasingly interested in the stocks of companies involved in this sector.
Unclaimed PF corpus hits ₹11,000cr: How to claim your money
The unclaimed Employees's Provident Fund (EPF) money has surged to a whopping ₹10,915 crore. This is due to 3.18 million inactive EPF accounts in India.
US-Iran war risks 2008-like financial crisis: Bank of England Governor
Bank of England Governor Andrew Bailey has warned that the ongoing conflict in Iran could pop the $3 trillion private credit market's bubble, leading to a financial crisis similar to that of 2008.
Swiggy co-founder Nandan Reddy quits to start new venture
Swiggy co-founder Nandan Reddy is leaving the company to start his own venture. The decision was announced in an exchange filing today.
TCS reports 1st-ever revenue decline since going public in 2004
Tata Consultancy Services (TCS) has reported its first-ever decline in revenue growth since going public in 2004.
Oil nears $100 as Hormuz disruption outweighs US-Iran ceasefire
Oil prices have surged toward $100 per barrel amid uncertainty over the US-Iran ceasefire.
Indian airlines seek government intervention Dubai caps foreign flights
Dubai has imposed a restriction on international flights, allowing only one daily flight from foreign carriers to its airports until May 31.
Jaypee founder calls Adani takeover 'fair', backs resolution process
Jaiprakash Gaur, the founder of the Jaypee Group, has backed the Adani Group's successful bid to acquire assets of bankrupt Jaiprakash Associates Ltd (JAL).
Shapoorji Mistry backs Tata Sons listing, calls it 'necessary evolution'
Shapoorji Pallonji Mistry has reiterated his support for the timely listing of Tata Sons. He called it a "necessary evolution" for the group and not just a regulatory compliance.
OpenAI loses key Stargate executives as data center project slows
OpenAI is seeing some key exits from its AI infrastructure team.
Mutual fund SIP inflows hit record ₹32,000cr in March
Mutual fund Systematic Investment Plan (SIP) inflows have hit a new high of ₹32,087 crore in March. This is an 8% increase from February's ₹29,845 crore.
Florida probes OpenAI over mass shooting, national security risks
Florida Attorney General James Uthmeier has announced an investigation into OpenAI.
UPI payments above ₹10,000 may face 1-hour delay: Know why
The Reserve Bank of India (RBI) has proposed a one-hour delay for digital transfers over ₹10,000.
Ola Electric shares surge 70% in April: What's driving rally?
Ola Electric's shares have witnessed a remarkable recovery, surging by 70% so far in April.
Gold plunges 12% in March, biggest monthly drop since 2013
Gold prices witnessed their biggest monthly drop in over a decade, plummeting by 12% in March to $4,608 per ounce.
Groww hits record high after 18% rally: Hold or sell?
Billionbrains Garage Ventures, the parent company of Groww, has witnessed a sharp surge in its shares.
Sensex jumps over 800 points: What's driving today's rally?
The Indian stock market witnessed a strong rally on Friday, with the Sensex and Nifty indices gaining over 1% each.
TCS announces annual salary hike for all employees
Tata Consultancy Services (TCS) has announced an annual salary hike for its employees across all grades, effective from April 1, 2026.
SpaceX reports $5B loss ahead of record IPO
SpaceX, Elon Musk's space exploration company, has reported a staggering loss of nearly $5 billion for the year 2025.
Who is Harshita Arora, Y Combinator's youngest partner at 25?
In a major development for India's start-up ecosystem, Harshita Arora has been appointed as a General Partner at Y Combinator (YC), one of the most prestigious start-up accelerators in the world.
'Sociopath, pathological liar', Musk agrees with claims about OpenAI CEO
Elon Musk has shared an interview with Robin Farrow, a journalist who wrote a controversial piece on Sam Altman, the CEO of OpenAI.
Sensex plunges 900 points, ends 5-day winning streak
The Indian stock market witnessed a major downturn today, with the BSE Sensex plummeting by over 900 points and the Nifty 50 index falling below the crucial level of 23,800.
World Bank upgrades India's FY27 growth outlook to 6.6%
The World Bank has revised India's growth forecast for the fiscal year 2026-27 to 6.6%, up from the earlier estimate of 6.3% made in October last year.
TCS Q4 profit jumps 29% to ₹13,718cr; revenue beats estimates
Tata Consultancy Services (TCS) has posted a stellar performance for the fourth quarter of FY26.
Planning to take loan for home renovation? Keep reading
In India, home renovation loans are a practical solution for homeowners looking to upgrade or repair their properties.
Foreign funds saw ₹10L crore drop amid Iran-US war
Foreign Portfolio Investors (FPIs) in Indian stocks suffered a massive loss of nearly ₹10 lakh crore in March 2025, owing to the escalating tensions between Iran and the US.
How much Meta pays its AI talent
Meta, the parent company of WhatsApp, is shelling out huge pay packages to attract top talent in artificial intelligence (AI).
Corporate fixed deposits: What they are actually
Corporate fixed deposits (FDs) are a popular investment option for those seeking stable returns.
Zerodha brings FDs to Coin app: How to invest
Zerodha, a Bengaluru-based discount broker, has expanded its investment platform by adding fixed deposits (FDs) to the Coin app.
GoPro to lay off 23% of its workforce
GoPro, the American action camera giant, is planning to lay off 145 employees globally. The move accounts for a major reduction of about 23% of its workforce.
US-Iran war to drag India Inc's profit by 20%
India's corporate earnings for the quarter ending March 2026 are likely to take a hit due to the war between US-Israel and Iran.
OpenAI to set aside some IPO shares for retail investors
OpenAI, the company behind ChatGPT, plans to reserve a portion of its upcoming initial public offering (IPO) shares for retail investors.
Russia slashes LNG prices by 40% for Asian buyers
In a bid to capitalize on the global natural gas supply crisis, Russia is trying to sell liquefied natural gas (LNG) from its US-sanctioned facilities to energy-starved South Asia.
Ola Electric shares surge 20%, defying weak market trend
Ola Electric Mobility's share price has witnessed a massive surge, rising over 16% in intraday trade to ₹35.27 today.
Meesho shares surge 14% while Sensex, Nifty trade in red
Shares of e-commerce giant Meesho have witnessed a massive surge of nearly 14% today, continuing their upward trend from earlier sessions.
Canva ramps up its AI push with fresh acquisitions
Canva has announced the acquisition of Simtheory and Ortto. The financial details of the deals have not been disclosed.
Disney to lay off 1,000 employees in latest cost-cutting move
Walt Disney is reportedly planning to lay off nearly 1,000 employees in the coming weeks. Many of these job cuts will come from the company's marketing department.
Court denies Anthropic's bid to block Pentagon blacklist
Anthropic's attempt to temporarily halt the Department of Defense's (DoD) blacklisting has been denied by a federal appeals court in Washington, D.C.
Sensex falls nearly 750 points: What's behind today's decline?
The Indian equity markets opened on a weak note on Thursday, with the Sensex and Nifty both witnessing profit booking after a sharp rally in the previous session.
Oil prices near $100 as Iran-US ceasefire remains uncertain
Oil prices rebounded on Thursday, after a steep 15% drop in the previous session.
Anthropic's tender offer falls short as employees hold shares
Anthropic, the artificial intelligence (AI) company behind Claude, has completed a secondary share sale that began earlier this year.
Gold, silver prices plummet over 3% today: Here's why
Gold and silver rates have witnessed a sharp decline today, falling by over 3%. The drop comes after two consecutive sessions of gains.
If you're a woman entrepreneur, keep reading
Accessing credit can be a daunting task for women entrepreneurs in India, often due to a lack of collateral and financial history.
Covered warrants: All about this unique investment option
Indian covered warrants are a unique investment option, providing an opportunity to trade in the underlying asset without owning it.
World Bank revises India's growth forecast to 6.6% for FY27
The World Bank has revised India's growth forecast for the fiscal year 2027, raising it from an earlier estimate of 6.3% to a more optimistic 6.6%.
Japanese bank buys 20% stake in Shriram Finance for ₹39,618cr
Japan's investment giant MUFG Bank has acquired a 20% stake in Shriram Finance Ltd (SFL) for ₹39,618 crore.
Meet Amlan Mohanty, Anthropic's new policy chief for India
Anthropic, a leading artificial intelligence (AI) company, has appointed Amlan Mohanty to lead its policy efforts in India.
Amul becomes 1st Indian FMCG company with ₹1L crore turnover
Gujarat-based dairy giant Amul has achieved a major milestone by becoming the first Indian fast-moving consumer goods (FMCG) company to cross ₹1 lakh crore in turnover.
Stocks to buy in India following RBI's repo rate decision
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.25%.
NSE might file its IPO papers with SEBI by July
The National Stock Exchange (NSE) has kicked off the process for its initial public offering (IPO).
Uber shifts to Amazon's custom chips for smoother rides
Uber has announced a major expansion of its contract with Amazon Web Services (AWS), the cloud computing arm of tech giant Amazon.
5 investment opportunities that yield higher returns than FDs
While fixed deposits (FDs) are a popular choice for risk-averse investors, there are other fixed-income investments that can offer better returns.
India's trade deficit swells on gold import surge, weak exports
India's trade balance took a hit in early 2026, with imports surging while exports remained largely stagnant.
How this firm convinced employees to voluntarily return to office
Superhuman, an artificial intelligence (AI) productivity tool company, has seen a dramatic surge in office attendance after ditching mandatory return-to-office policies.
Indian airport charges for domestic flights cut by 25%
India's airport tariff regulator has ordered a 25% reduction in landing and parking fees for domestic flights, for three months.
Adani Group announces infrastructure projects worth ₹33,081cr in Odisha
The Adani Group has announced a massive investment of ₹33,081 crore in three major infrastructure projects in Odisha.
Why global jet fuel crisis could last for months
The global jet fuel market is unlikely to stabilize in the near future, even after a tentative reopening of the Strait of Hormuz.
Pakistan's stock index records biggest single-day gain: What's the reason?
Pakistan's benchmark stock index, the KSE-100, witnessed its biggest single-day rally in history today.
India to receive first Iranian oil shipment in 7 years
India is gearing up to receive its first shipment of Iranian oil in seven years.
Amazon denies report of 14,000 more layoffs
Amazon has denied reports suggesting another round of mass layoffs after cutting around 16,000 jobs in January.