LOADING...

Business News

No jargons, no mumbo-jumbo. Read the unadulterated Business news here.

03 May 2026
TL;DR

Nirmala Sitharaman urges action after Claude Mythos exposes vulnerabilities

Indian public sector banks are escalating their IT investments in response to potential cybersecurity risks posed by Anthropic's AI tool, Claude Mythos.

03 May 2026
TL;DR

Bombay High Court orders Shiv Cement to pay UltraTech ₹66.48L

UltraTech Cement has won a significant legal battle against Shiv Cement Co., with the Bombay High Court barring the latter from using 'Ultra'-branded trademarks.

03 May 2026
TL;DR

Four top Indian firms add ₹2.2L/cr as Reliance Industries leads

Four of India's top-10 valued firms, including Reliance Industries, saw a combined market capitalisation increase of ₹2.20 lakh crore last week.

03 May 2026
TL;DR

Alphabet nears $5 trillion after Google Cloud tops $20 billion

Alphabet Inc. is nearing a $5 trillion market capitalisation after strong Q1 results, potentially surpassing Nvidia to become the world's most valuable company.

03 May 2026
International Monetary Fund

How digitalization improved MSME productivity in India: IMF study

A recent working paper from the International Monetary Fund (IMF) has highlighted how India's public administration digitalization reforms have improved productivity in micro, small, and medium enterprises (MSMEs).

03 May 2026
Indian Government

Modi government eases FDI via automatic route for these firms

The Indian government has amended the Foreign Exchange Management Rules, allowing foreign companies with a Chinese or other land-bordering country (LBC) shareholding of up to 10%, to invest in India through the automatic route.

03 May 2026
United Arab Emirates

First OPEC+ meeting since UAE's exit today: What to expect?

Seven OPEC+ countries are convening today to set new oil production quotas.

03 May 2026
Swiggy

Swiggy elevates veteran Swapnil Bajpai to CEO of Dineout, Scenes

Swiggy has promoted its veteran executive, Swapnil Bajpai, to the position of Chief Executive Officer (CEO) for Dineout and Scenes.

03 May 2026
Finance

DMart parent's Q4 results: Profit rises 19% YoY to ₹657cr

Avenue Supermarts Limited, the parent company of DMart, reported mixed financial results for the March quarter.

03 May 2026
Kotak Mahindra Bank

'Keep me awake': Kotak Bank CEO on rising AI threats

Kotak Mahindra Bank's MD and CEO, Ashok Vaswani, has expressed his concerns over the rapid evolution of artificial intelligence (AI) tools, including Claude and Mythos.

03 May 2026
Berkshire Hathaway

Berkshire Hathaway's cash pile hits record high under new CEO

Berkshire Hathaway, the multinational conglomerate led by Greg Abel, has reported a record high in its cash reserves.

03 May 2026
TL;DR

Indian IT firms warn FCC proposal could limit India-handled calls

Indian IT firms and industry bodies are rallying against a proposed US Federal Communications Commission (FCC) rule aimed at limiting the use of offshore call centres.

03 May 2026
TL;DR

Central banks hold rates amid Iran war and energy risks

The European Central Bank (ECB) is contemplating raising interest rates amidst varying global economic growth and geopolitical influences.

03 May 2026
TL;DR

RBI redefines shadow lenders effective July 2026 challenges Tata Sons

The Reserve Bank of India's (RBI) recent rule changes for shadow lenders may compel Tata Sons Pvt. to consider an initial public offering (IPO).

03 May 2026
TL;DR

Google, Meta, Microsoft and Amazon posted strong quarterly AI gains

The Q1 2026 earnings reports from tech giants Google, Meta, Microsoft, Amazon, and Apple reveal increased AI spending and significant cloud revenue growth.

03 May 2026
TL;DR

Asian suppliers now cover nearly 90% of NVIDIA's production costs

Nvidia's increased reliance on Asian suppliers for production costs has sparked a rally among its partners in the region, as the chip giant pushes into physical AI.

03 May 2026
TL;DR

Shivon Zilis emerges as key witness in OpenAI mission lawsuit

Shivon Zilis, a Punjabi-origin tech executive and mother to Elon Musk's children, has emerged as a crucial witness in the ongoing OpenAI lawsuit.

03 May 2026
TL;DR

India permits 10% Chinese holdings without approval starting May 1

The Indian government has updated foreign direct investment (FDI) rules, allowing companies with up to 10% Chinese holding to invest via the automatic route.

02 May 2026
Foreign Investment

FPIs pull out ₹13,944cr from Indian market this week

Foreign portfolio investors (FPIs) have pulled out ₹13,944.59 crore from the Indian markets during a holiday-shortened trading week ending April 30.

02 May 2026
Delhi

Net leasing of Delhi-NCR's office spaces down 60%: Here's why

Delhi-National Capital Region (NCR) has witnessed a significant decline in its office market during the first quarter of this year.

02 May 2026
India

India and Ecuador might ink a preferential trade agreement

India and Ecuador are considering a preferential trade agreement (PTA) to strengthen their economic ties.

02 May 2026
Elon Musk

Why SpaceX has been sued by homeowners in Texas

More than 70 residents in Texas have sued Elon Musk's SpaceX, claiming that the noise and vibrations from its Starship rocket launches and landings have damaged their homes.

02 May 2026
eBay

Could eBay be acquired by video game retailer GameStop?

GameStop is said to be preparing an offer for eBay, as CEO Ryan Cohen looks to boost the struggling video game retailer's market value more than tenfold.

02 May 2026
Reserve Bank Of India (RBI)

Centre appoints Rohit Jain as new RBI Deputy Governor

The Indian government has appointed Rohit Jain as the new Deputy Governor of the Reserve Bank of India (RBI). His three-year term will begin on May 3.

02 May 2026
Kotak Mahindra Bank

Kotak Mahindra Bank posts 13% rise in March-quarter profit

Kotak Mahindra Bank has reported a 13.4% year-on-year (YoY) increase in its net profit for the March quarter.

02 May 2026
New Delhi

Axis Bank opens its 1st digital locker-focused branch

Axis Bank has launched its first-ever digital locker-focused branch in New Delhi.

02 May 2026
Mumbai

India's fintech sector raised $500M in Q1 2026

India's fintech industry has raised $513 million in the first quarter of 2026, a report by market intelligence firm Tracxn revealed.

02 May 2026
Reserve Bank Of India (RBI)

RBI shifts strategy: Cuts central deposits, boosts US Treasury bets

In a major shift, the Reserve Bank of India (RBI) has reduced its deposits with other central banks and increased its investments in US Treasury bills.

02 May 2026
Apple

Apple faces 30+ lawsuits over AirTag stalking claims

Apple is facing more than 30 separate lawsuits from individuals who claim to have been stalked using the company's AirTag device.

02 May 2026
Donald Trump

Spirit Airlines ceases operations after failing to secure federal bailout

Spirit Airlines, a major player in the US aviation industry, has announced its decision to cease operations.

02 May 2026
Air India

Air India to cut more flights amid fuel costs, disruptions

Air India is set to further reduce its flight schedules in June and July.

02 May 2026
United States of America

Foreign investors withdraw ₹60,800cr from equities in April

Foreign Portfolio Investors (FPIs) have pulled out a whopping ₹60,847 crore ($6.5 billion) from Indian equities in April.

02 May 2026
Andhra Pradesh

Eating at Andhra Pradesh hotels is about to become costlier

The Andhra Pradesh Star Hotels Association has announced plans to increase menu prices by up to 10%.

Why UPI transactions saw a MoM dip in April

India's digital payment landscape witnessed a slight dip in April, with Unified Payments Interface (UPI) transactions seeing a minor month-on-month decline.

02 May 2026
United Kingdom

Fashion brand Superdry's co-founder convicted of rape

James Holder, the co-founder of popular fashion brand Superdry, has been convicted of rape.

02 May 2026
Reserve Bank Of India (RBI)

RBI announces 98.47% of ₹2,000 notes have been returned

The Reserve Bank of India (RBI) has announced that 98.47% of the ₹2,000 banknotes in circulation have been returned.

02 May 2026
Jindal Steel

Jindal Steel's Q4 results: Net profit stands at ₹1,045cr

Jindal Steel has reported a consolidated net profit of ₹1,045 crore for the March quarter. The figure is a major improvement from the loss of ₹339 crore in Q4 FY25.

02 May 2026
Meta

Meta acquires AI robotics start-up to boost humanoid efforts

Meta has acquired Assured Robot Intelligence. The start-up specializes in artificial intelligence (AI) models for robots.

01 May 2026
Adani Group

Adani Group overhauls organizational structure to boost growth

Billionaire Gautam Adani's conglomerate, the Adani Group, has announced a major overhaul of its operating model.

01 May 2026
PhonePe

Ujjwal Jain, head of PhonePe's stockbroking platform, resigns

Ujjwal Jain, the CEO of PhonePe's stockbroking platform Share.Market and wealth management verticals, has resigned from his position.

01 May 2026
Netflix

RBI tightens auto-pay rules under new digital payments framework

The Reserve Bank of India (RBI) has announced changes to its electronic auto-pay transactions.

01 May 2026
GST

India's GST revenue hits an all-time high of ₹2.43 trillion

India has registered a record ₹2.43 trillion in Goods and Services Tax (GST) revenue for April 2026, according to data released by the Finance Ministry.

01 May 2026
Meta

Meta raises $25B in debt to fund AI expansion

Meta Platforms has raised $25 billion through an investment-grade bond sale. The move is part of Meta's aggressive push into artificial intelligence (AI) infrastructure.

Vodafone Idea gets ₹23,649cr AGR relief, dues cut to ₹64,046cr

Vodafone Idea has announced a major reduction in its Adjusted Gross Revenue (AGR) dues.

01 May 2026
Indian Government

Centre slashes export duties on diesel, aviation turbine fuel

The Indian government has announced a reduction in export duties on diesel and aviation turbine fuel (ATF).

01 May 2026
Apple

Apple posts $111B revenue, $29.6B profit in Q2; beats expectations

Apple has announced a stellar performance for the second quarter of fiscal 2026, which ended on March 31.

01 May 2026
Apple

Apple will channel Trump tariff refunds back into US economy

Apple is seeking refunds for the tariffs it paid under Donald Trump's trade policies.

01 May 2026
Morgan Stanley

Sex harassment suit against JPMorgan exec branded 'complete fabrication': Report 

The allegations of sexual abuse made by a former JPMorgan employee against a senior executive, Lorna Hajdini, have been branded a "complete fabrication," the New York Post reported.

01 May 2026
Apple

Apple's Mac sales soar due to AI workloads

Apple's latest earnings report has revealed a surprising spike in demand for its Mac computers, driven largely by artificial intelligence (AI) workloads.

01 May 2026
Intel

Intel stock surges 114%, doubles investor wealth in April

Intel has witnessed an unprecedented surge in its stock price, with a whopping 114% increase in April. This marks the company's best month since it went public on the NASDAQ nearly 55 years ago.

01 May 2026
Mark Zuckerberg

Meta won't rule out more layoffs after 10% job cuts

Meta, the parent company of Facebook, is preparing to cut around 10% of its workforce this month.

01 May 2026
Apple

What Tim Cook wants Apple's incoming CEO to focus on

As Tim Cook prepares to hand over the reins of Apple to John Ternus, he has shared some valuable advice.

01 May 2026
JP Morgan

JPMorgan executive accused of making junior employee 'sex slave' responds 

Lorna Hajdini, a high-ranking executive director at JPMorgan Chase, has vehemently denied allegations of sexual coercion made against her in a recent lawsuit by a former colleague.

01 May 2026
Warner Bros

Warner Bros. CEO's pay package triples to $165M

David Zaslav, the CEO of Warner Bros. Discovery (WBD), saw his pay package more than triple in 2025 to $165 million.

01 May 2026
Air India

Air India to cut 100 flights as fuel costs surge

Air India is planning to reduce its flight operations by nearly 100 flights a day, owing to the skyrocketing jet fuel prices.

01 May 2026
Apple

Apple accuses CCI of overstepping in $38B penalty case

Apple has accused the Competition Commission of India (CCI) of overstepping its jurisdiction by demanding financial data in an antitrust case related to the iPhone app market.

01 May 2026
Reserve Bank Of India (RBI)

RBI shifts over 100MT of gold to domestic vaults

The Reserve Bank of India (RBI) has repatriated a massive 104.23 metric tons of gold to the country between October 2025 and March 2026.

01 May 2026
LPG Cylinder

Commercial LPG cylinder price hiked by ₹993 to ₹3,072

The price of a 19kg commercial LPG cylinder has been increased by ₹993, effective from May 1. The revised rate now stands at ₹3,071.50 in Delhi.

30 Apr 2026
Mark Zuckerberg

Meta's stock dips as it plans billions more in AI

Meta, the parent company of Facebook and Instagram, has witnessed a major dip in its stock price.

30 Apr 2026
Australia

Cars24 co-founder Mehul Agrawal steps down as IPO nears

Mehul Agrawal, the co-founder of Cars24, has stepped down from his operational role in the SoftBank-backed used-car marketplace.

30 Apr 2026
Finance

Student loans: All about this option

Navigating the world of student loans can be tricky, particularly for those new to the process.

30 Apr 2026
Isha Ambani

Reliance Retail acquires Priyanka Chopra's haircare brand Anomaly

Reliance Retail has acquired Priyanka Chopra's haircare brand, Anomaly. The deal includes the brand's trademarks, brand assets, and digital properties.

30 Apr 2026
JP Morgan

'BJ for birthday...': JPMorgan exec accused of sexually abusing junior 

Lorna Hajdini, an Executive Director at JPMorgan, has been accused of sexually abusing a junior male employee.

30 Apr 2026
Sensex

Index funds: A beginner's guide

Index funds are becoming increasingly popular among investors in India, thanks to their simplicity and cost-effectiveness.

30 Apr 2026
Adani Group

Adani Enterprises posts ₹221cr loss in Q4

Adani Enterprises has reported a consolidated net loss of ₹220.7 crore for the fourth quarter of FY26.

30 Apr 2026
Air India

India's domestic air travel growth slows to 1%

India's domestic air passenger traffic has witnessed a major slowdown in FY26, growing just 1.33% year-on-year to 16.75 million passengers.

30 Apr 2026
Apple

PayPal makes Venmo standalone unit amid takeover interest

PayPal is restructuring its business to create three distinct segments, including making Venmo a standalone unit, according to CNBC.

30 Apr 2026
Infosys

No layoffs at Infosys, says CEO amid AI transformation

Infosys CEO Salil Parekh has confirmed that the company won't be laying off employees, even as artificial intelligence (AI) transforms the global IT services sector.

30 Apr 2026
Anil Agarwal

Why Vedanta shares fell 65% today

Vedanta's share price witnessed a massive fall of 65% on Thursday. The fall was purely technical and not due to any destruction of investor wealth, as the stock adjusted for its much-awaited demerger.

30 Apr 2026
Elon Musk

I was a fool for funding OpenAI, Musk tells court

Elon Musk said that he was a "fool" for funding OpenAI in its early days.

30 Apr 2026
Microsoft

Xbox hardware sales plunge 33% as Microsoft's consumer segment weakens

Microsoft has reported a massive 33% drop in its Xbox hardware revenue, according to the company's latest earnings report.

30 Apr 2026
Indian Rupee (INR)

Indian rupee weakens beyond ₹95/$ amid oil price surge

The Indian rupee has breached the 95 per US dollar mark for the first time since March 30.

30 Apr 2026
China

China's factories are still growing despite global risks

China's factory activity has exceeded analysts' expectations for April, although the growth rate has slowed compared to last month.

30 Apr 2026
Layoff News

Cognizant to cut 4,000 jobs amid AI push, slowing demand

Cognizant Technology Solutions has announced plans to lay off around 4,000 employees, or nearly 1% of its workforce. The decision comes as the company faces slowing demand and shifts toward automation.

30 Apr 2026
Sensex

Sensex crashes 1,200 points: Key reasons markets are falling today

The Indian stock market witnessed a major crash on Thursday, with the BSE Sensex plummeting by nearly 1,200 points. The Nifty50 also fell below the 23,800 mark.

30 Apr 2026
Samsung Electronics

Samsung posts record $38B profit on AI chip demand

Samsung Electronics has reported a record-breaking first-quarter operating profit, beating analysts' expectations.

30 Apr 2026
Apple

Epic wins as court blocks Apple's delay in fees battle

Epic Games has won a major legal battle against Apple, as a US appeals court has denied Apple's request for a delay in the ongoing dispute over App Store fees.

30 Apr 2026
Donald Trump

US Fed keeps rates unchanged as inflation, oil risks linger

The US Federal Reserve has decided to keep its key interest rate unchanged, amid surging oil prices, growing inflation risks, and leadership transition at the central bank.