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Business News

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18 Jun 2026
TL;DR

NSE appoints record 20 lead managers for major India IPO

The National Stock Exchange has appointed 20 investment banks as book-running lead managers for its IPO, marking the largest syndicate ever for an Indian public offering.

18 Jun 2026
TL;DR

Income Tax Department updates ITR forms 2026-27 with new disclosures

The Income Tax Department has revised eligibility criteria and introduced additional disclosure requirements in ITR forms, impacting income reporting and deductions for taxpayers.

18 Jun 2026
TL;DR

Aneesh Raman says 75% Indian job skills change by 2030

India is at the forefront of AI adoption and skills development, but LinkedIn's Aneesh Raman warns that 75% of job skills in India will change by 2030.

18 Jun 2026
TL;DR

Indian Railways approves ₹8,377.40 cr Eastern Railway signaling upgrade

Indian Railways has approved an Rs 8,377 crore signalling modernisation project for Eastern Railway to enhance safety, reduce delays, and boost train capacity.

18 Jun 2026
TL;DR

China unveils rules curbing food delivery price wars and subsidies

China is introducing new rules to curb "unfair" competition among food delivery platforms, aiming to limit harmful subsidy campaigns and protect merchants, drivers, and consumers.

18 Jun 2026
Donald Trump

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.

18 Jun 2026
TL;DR

Sensex up 108.95 points as markets recover on cheaper oil

The Sensex climbed 200 points from its day's low, while Nifty surpassed 24,100, driven by easing crude oil prices, improved geopolitical sentiment, and strong global market cues.

18 Jun 2026
TL;DR

Raise Securities FY26 revenue ₹905cr up 13.8% profits down 20.1%

Raise Securities, operating investment platform Dhan, posted Rs 905 crore in revenue and Rs 326 crore in profits for FY26, reflecting revenue growth but a decline in profitability.

18 Jun 2026
TL;DR

Starbucks aims for 50 to 100 India store openings yearly

Starbucks plans to open 50 to 100 stores annually in India, leveraging rising coffee demand and maintaining its 30% market share in the fast-growing market.

18 Jun 2026
TL;DR

Nykaa announces $5B GMV target for FY30 after profitable growth

Nykaa aims to achieve $5 billion in gross merchandise value by fiscal 2030, leveraging its expansion into adjacent categories like wellness to capture a larger consumer market.

18 Jun 2026
TL;DR

Jamieson Greer to visit India to push interim trade deal

US Trade Representative Jamieson Greer will visit India from June 22-24 to advance discussions on an interim trade agreement and broader bilateral trade framework.

18 Jun 2026
TL;DR

HDFC Bank shares gain nearly 2% as chairman search advances

HDFC Bank shares rose nearly 2% on June 18 as signs of progress in appointing a permanent non-executive chairman eased investor concerns over governance uncertainties.

18 Jun 2026
TL;DR

Rupee slips 21 paise to 94.71 after Federal Reserve hint

The rupee weakened by 21 paise to 94.66 against the US dollar as the Federal Reserve's hawkish stance boosted the greenback, pressuring Asian currencies and markets.

18 Jun 2026
TL;DR

TSMC founder Morris Chang urges CEOs to avoid hasty layoffs

Morris Chang, TSMC founder, warns against layoffs if rehiring is likely within a year, highlighting hidden costs like severance, training, and employee trust erosion.

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.

18 Jun 2026
TL;DR

Andrew Bosworth: Meta employee morale near historic lows amid layoffs

Meta CTO Andrew Bosworth revealed employee morale is near its lowest ever following 8,000 layoffs and a major AI reorganisation that unsettled staff with forced role changes.

18 Jun 2026
NVIDIA

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.

18 Jun 2026
TL;DR

India's 10-year government bond yield rises to 6.8703% after Fed

The 10-year bond yield climbed to 6.87% on June 18, driven by a weaker rupee and the US Federal Reserve's unexpectedly hawkish outlook signaling potential rate hikes this year.

18 Jun 2026
TL;DR

KOSPI tops 9,000 as Samsung Electronics and SK Hynix rally

South Korea's KOSPI index surpassed 9,000 for the first time, driven by AI-fueled gains in chipmakers Samsung Electronics and SK Hynix, marking a 114% rise this year.

18 Jun 2026
TL;DR

Midjourney unveils full-body ultrasound scanner at San Francisco spa

Midjourney Inc. unveiled its first hardware project, the Midjourney Scanner, a full-body ultrasound device debuting in spa-like wellness centers.

18 Jun 2026
TL;DR

Nifty slips to 24,050 as markets pause after Fed signal

Indian markets trade lower as Sensex remains flat and Nifty slips below 24,050 after the US Federal Reserve's hawkish tone raises expectations of a potential rate hike.

18 Jun 2026
TL;DR

Wealthy Indian investors pivot to diversified, resilient portfolios amid uncertainty

At the ET Alpha Wealth Summit, experts revealed affluent Indians are prioritizing gold, global diversification, and AI infrastructure to build resilient portfolios.

18 Jun 2026
TL;DR

Japan's Nikkei 225 tops 71,000 after U.S.-Iran ceasefire lifts confidence

Japan's Nikkei 225 surged past the 71,000 mark for the first time after a US-Iran ceasefire agreement eased geopolitical tensions, boosting market sentiment and risk appetite.

18 Jun 2026
TL;DR

Microsoft's China AI revenue surges despite US export curbs

Microsoft is generating billions by selling OpenAI models and cloud services to Chinese tech giants, even as the US government tightens restrictions on advanced AI exports.

18 Jun 2026
TL;DR

Green economy reaches $10 trillion as green revenue firms outperform

The green economy has reached a record $10 trillion market value, driven by rapid revenue growth in climate solutions and outperforming broader equity markets.

18 Jun 2026
TL;DR

Bitcoin falls 2% to $64,512.2 amid 16% monthly decline

Bitcoin dropped under $65,000 as easing US-Iran tensions and the Federal Reserve's hawkish stance on interest rates rattled investor confidence.

18 Jun 2026
TL;DR

IEA predicts 2027 global oil supply jump if U.S.-Iran deal

The International Energy Agency forecasts a significant oil supply surplus in 2027, driven by an 8 million bpd supply surge following the Strait of Hormuz reopening.

18 Jun 2026
TL;DR

CSM Technologies opens IPO at ₹107-₹113, subscription June 24-29

CSM Technologies has set its IPO price band at ₹107-113 per share, with the subscription period running from June 24 to June 29. Anchor allocation is scheduled for June 23.

18 Jun 2026
TL;DR

NVIDIA CEO Jensen Huang opposes Trump-backed US AI firm stakes

Nvidia CEO Jensen Huang criticized the Trump administration's proposal for government ownership in AI companies, emphasizing their existing economic benefits to Americans.

18 Jun 2026
TL;DR

Atom XVII launches ₹75 cr fund for Indian consumer startups

Atom XVII, founded by Harsh Kapadia, has announced a ₹75 crore fund to support consumer-focused startups in India, targeting pre-seed to Series A stages over 2.5 years.

18 Jun 2026
TL;DR

Palantir CEO Alex Karp urges practical AI use over 'tokenmaxxing'

Palantir CEO Alex Karp claims enterprise customers are dissatisfied with frontier labs like Anthropic and OpenAI, accusing them of prioritizing "tokenmaxxing" over practical value.

18 Jun 2026
TL;DR

Gold and silver fall after Fed's unanimous hold at 3.5%-3.75%

Gold and silver prices declined as the Federal Reserve maintained interest rates but signaled inflation concerns, prompting investors to reassess bullion expectations.

18 Jun 2026
TL;DR

U.S.-Iran cease-fire helps gold gain 1.5% to $4,322.41 per ounce

Gold prices rebounded over 1% on Thursday, recovering from prior losses, as oil prices declined following the U.S.-Iran interim agreement to extend their ceasefire by 60 days.

18 Jun 2026
TL;DR

Japan's Nikkei 225 hits record, rises 2% as Kospi gains

Asian markets opened strong Thursday, with Japan’s Nikkei 225 surging 2% to a historic 71,000 and South Korea’s Kospi gaining 1%, driven by tech sector strength.

18 Jun 2026
TL;DR

NSE's proposed ₹30,000cr IPO could join India's top10 by valuation

NSE's ₹30,000 crore IPO may position it among India’s top 10 most-valued companies, with an estimated ₹5 lakh crore valuation surpassing blue-chip firms like Infosys.

18 Jun 2026
TL;DR

Foreign investors pour ₹33,000cr into Indian government bonds following tweaks

Foreign portfolio investors have poured a record ₹33,000 crore into Indian government securities in June, driven by tax exemptions, relaxed limits, and expanded investment options.

18 Jun 2026
TL;DR

HDFC Bank 1st to use RBI's swap, raises $750 million

HDFC Bank raised $750 million via 5-year bonds, becoming the first to utilize RBI's 1.5% fixed-rate swap facility aimed at easing external commercial borrowings.

18 Jun 2026
TL;DR

AI demand forces Indian IT firms to merge specialist roles

Indian IT companies face a critical shortage of Forward Deployed Engineers, essential for AI-driven client-site solutions, leading to improvised role bundling.

18 Jun 2026
TL;DR

India's electronics exports jump to 3rd spot valued ₹13L/cr

India's electronics exports ranked third in 2025-26, driven by smartphone shipments. The government aims to elevate it to the second spot, says IT minister Ashwini Vaishnaw.

18 Jun 2026
TL;DR

Gurugram's Vetic raises $40 million to build 1-stop pet platform

Vetic, a Gurugram-based pet care startup, secured $40 million in funding led by Bessemer Venture Partners to expand its clinic network and enhance its integrated pet care platform.

18 Jun 2026
TL;DR

Jonathan Ross of NVIDIA pushes ₹99 AI access for India

Nvidia's chief architect Jonathan Ross emphasizes reducing "cost per intelligence" to make AI accessible in India, targeting sub-₹100 pricing for transformative adoption.

18 Jun 2026
TL;DR

Tata Motors sifts 1.6bn online items as Mahindra scales AI

Tata Motors and Mahindra & Mahindra are accelerating AI adoption across operations, leveraging group IT firms and global partnerships to enhance innovation and revenue growth.

18 Jun 2026
TL;DR

Mukesh Ambani's Reliance Industries working on RIL manifesto for AI

Mukesh Ambani has directed Reliance executives to adopt an AI-first approach, aiming to transform the conglomerate into the world’s first AI-native large organization.

18 Jun 2026
TL;DR

NSE files draft IPO papers to sell 148.9 million shares

India's National Stock Exchange (NSE) has filed draft IPO papers, aiming for a $55 billion valuation, marking a pivotal step after years of regulatory hurdles and delays.

18 Jun 2026
TL;DR

US stocks drop Wednesday after Fed holds rates steady

US stock markets plunged Wednesday after the Fed hinted at a potential rate hike, spiking bond yields and strengthening the dollar, reversing earlier gains in major indices.

18 Jun 2026
TL;DR

Roelof Botha joins SpaceX board after largest IPO ever

Roelof Botha, former Sequoia Capital managing partner, has joined SpaceX’s board after its record-breaking IPO, bringing extensive public company and audit expertise.

18 Jun 2026
TL;DR

Gold falls over 1% after Fed signals possible rate hike

Gold prices dropped over 1% as the U.S. Federal Reserve held interest rates steady but hinted at a potential hike this year, strengthening the dollar and pressuring bullion.

18 Jun 2026
TL;DR

India posts record $863.11 billion exports for 2025-26 despite headwinds

India achieved $863.11 billion in exports during 2025-26, showcasing resilience amid the West Asia crisis and US-imposed tariffs, officials highlighted at a Gujarat event.

18 Jun 2026
TL;DR

US stocks slide after Fed hints at later rate hike

The Dow dropped 507 points Wednesday as nearly half of Federal Reserve policymakers signaled potential rate hikes, unsettling markets under new Fed Chair Kevin Warsh.

18 Jun 2026
TL;DR

US stocks slide as Fed holds rates, hints at hikes

US stocks fell sharply Wednesday, with the Nasdaq and S&P 500 dropping over 1%, as traders raised rate hike bets following hawkish signals from new Fed Chair Kevin Warsh.

18 Jun 2026
TL;DR

TRAI proposes scrapping advisory committee and letting operators handle appeals

Consumer advocacy groups criticized Trai's proposal to eliminate the advisory committee, citing concerns over institutional bias and reduced consumer representation.

18 Jun 2026
TL;DR

Kevin Warsh unveils 5 task forces at 1st Fed meeting

Kevin Warsh, in his first meeting as Federal Reserve Chair, announced five task forces aimed at reshaping communication, data analysis, and inflation strategies.

18 Jun 2026
TL;DR

NSE selects 20 BRLMs for IPO as banks handle marketing

The National Stock Exchange has appointed 20 book running lead managers for its upcoming IPO, marking one of the largest teams assembled for a single listing in India.

17 Jun 2026
Reserve Bank Of India (RBI)

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.

17 Jun 2026
India

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.

17 Jun 2026
Stock Market

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.

17 Jun 2026
Elon Musk

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.

17 Jun 2026
Bernard Arnault

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.

17 Jun 2026
xAI

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.

17 Jun 2026
Amazon

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%.

17 Jun 2026
Air India

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.

17 Jun 2026
Sensex

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.

17 Jun 2026
Vedanta

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.

17 Jun 2026
Amazon

SpaceX overtakes Amazon, Microsoft in market value

SpaceX briefly surpassed Microsoft in market capitalization on Tuesday, becoming the fourth-largest company in the world.

17 Jun 2026
Mukesh Ambani

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.

17 Jun 2026
Iran

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.

16 Jun 2026
SpaceX

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.

16 Jun 2026
Pizza Hut

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.

16 Jun 2026
Accenture

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.

16 Jun 2026
Indian Government

Centre raises export duties on diesel and jet fuel

The Indian government has hiked the export duties on diesel and Aviation Turbine Fuel (ATF).

16 Jun 2026
Amazon

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.

16 Jun 2026
Groww

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.

16 Jun 2026
DeepSeek

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.

16 Jun 2026
Reserve Bank Of India (RBI)

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.

16 Jun 2026
SoftBank Group

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.

16 Jun 2026
Microsoft

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.

16 Jun 2026
China

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.

16 Jun 2026
Paytm

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."

16 Jun 2026
Bombay Stock Exchange (BSE)

Devyani, Sapphire Foods shares jump on nod for merger

Shares of Devyani International and Sapphire Foods have jumped up to 7% today.

16 Jun 2026
NVIDIA

NVIDIA to raise $25B in bonds amid AI demand surge

NVIDIA has announced its plan to raise $25 billion through a US bond issuance.

16 Jun 2026
ChatGPT

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.

16 Jun 2026
Florida

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.

16 Jun 2026
Inflation

Japan raises interest rate to 31-year high

The Bank of Japan has raised its policy rate to 1%, the highest in 31 years.

16 Jun 2026
Elon Musk

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).

16 Jun 2026
China

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.

16 Jun 2026
Elon Musk

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).

16 Jun 2026
Amazon

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.

15 Jun 2026
Reserve Bank Of India (RBI)

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.

15 Jun 2026
Startups

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.

15 Jun 2026
Insurance

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.

15 Jun 2026
Nirmala Sitharaman

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.

15 Jun 2026
Kazakhstan

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.

15 Jun 2026
India

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.

15 Jun 2026
Nirmala Sitharaman

Asset management stocks surge after Sitharaman hints at more reforms

Shares of capital market-focused companies witnessed a major rally on Monday.

15 Jun 2026
Mukesh Ambani

Reliance AGM on June 19: What to expect

Reliance Industries Limited (RIL) will hold its 49th Annual General Meeting (AGM) on June 19, at 2:00pm IST.