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Business News

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14 May 2026
TL;DR

Air India reports $2.8 billion 2025-26 loss, pauses international routes

Air India reported a $2.8 billion loss in FY26, its largest since the Tata Group's 2022 acquisition, citing airspace restrictions and soaring jet fuel costs as key challenges.

14 May 2026
TL;DR

Matrimony.com posts 20% Q4 PAT rise to ₹9.7 cr

Matrimony.com reported a ₹9.7 crore profit after tax (PAT) for Q4 FY26, marking a 20% year-on-year growth, with revenue from operations rising to ₹117 crore.

14 May 2026
TL;DR

Muthoot Finance profit surges 135% to ₹3,397cr on gold loans

Muthoot Finance reported a 135% YoY surge in Q4FY26 profit to ₹3,397 crore, with revenue jumping 65% YoY to ₹9,288.7 crore, driven by robust gold loan growth.

14 May 2026
TL;DR

Sunil Bharti Mittal criticizes IT firms' ₹130,000cr shareholder payouts

Sunil Bharti Mittal criticised India’s IT firms for prioritising shareholder payouts over acquisitions, asserting Airtel will focus on strategic investments to drive growth.

14 May 2026
Amazon

Amazon announces fresh layoffs amid ongoing restructuring

Amazon has announced another round of layoffs, this time in its Selling Partner Services division.

14 May 2026
TL;DR

Enforcement Directorate freezes ₹526.49cr Gameskraft assets in money laundering probe

The Enforcement Directorate has frozen Rs 526 crore in bank deposits and seized gold jewellery worth Rs 3.5 crore in a money laundering probe against Gameskraft Technologies Ltd.

14 May 2026
TL;DR

Tata Motors Q4 profit down 32% as revenue rises 7%

Tata Motors reported a 32% drop in net profit to Rs 5,783 crore in Q4 FY26, while revenue grew 7% year-on-year to Rs 1,05,447 crore despite rising input costs.

14 May 2026
TL;DR

Redington posts 69% 4th-quarter profit drop to ₹288cr from ₹918cr

Redington reported a 69% year-on-year drop in Q4 consolidated net profit to ₹288 crore, despite a 25.6% revenue growth to ₹33,213 crore.

14 May 2026
TL;DR

ASK Alternates launches ₹2,500cr private credit fund targeting 14-16% returns

ASK Alternates, part of Blackstone-backed ASK Group, unveiled its second private credit fund targeting ₹2,500 crore to invest in high-priority sectors with 14-16% gross IRR.

14 May 2026
TL;DR

Meta to cut 8,000 jobs next week for AI focus

Meta plans to lay off nearly 10% of its workforce, affecting around 8,000 employees, as the company prioritizes AI spending and implements significant internal restructuring.

14 May 2026
TL;DR

Citi's Surendra Goyal warns $100 crude could hit Indian profits

Citi's India Research Head Surendra Goyal highlights earnings risks from rising oil prices, a weaker rupee, and AI disruption, maintaining an underweight stance on IT services.

14 May 2026
TL;DR

Indian rupee falls to all time low ₹95.96 per dollar

The Indian rupee has depreciated nearly 6% in 2026, reaching a record low of 95.96 against the US dollar, making it Asia's worst-performing currency this year.

14 May 2026
TL;DR

PFRDA allows early NPS surrender for critical illness, older policies

The PFRDA now allows limited surrender of NPS annuity policies in cases of critical illness or for legacy policies issued before October 24, 2024, under specific conditions.

14 May 2026
TL;DR

India crude steel up 11% as global output drops 4%

India's crude steel output soared 11% annually to 15.3 million tonnes in March 2026, outperforming global peers as worldwide production faced a 4% year-on-year decline.

14 May 2026
TL;DR

Up to 75,000 U.S.-approved NVIDIA H200 deliveries to China paused

The stalled Nvidia AI chip sales to Chinese tech giants underscore escalating US-China tensions, potentially reshaping global AI development and technology markets.

14 May 2026
Europe

Airline tickets in Europe likely to become costlier: Here's why

The ongoing conflict in Iran has disrupted fuel supplies and driven up jet fuel prices, prompting warnings of higher airfares across Europe.

14 May 2026
TL;DR

Adani Airport Holdings and IHG open 5 Indian airport hotels

Adani Airport Holdings and IHG Hotels & Resorts are collaborating to develop five hotels near key airports, introducing nearly 1,500 rooms and debuting the Kimpton brand in India.

14 May 2026
OpenAI

Indian IT stocks fall for 4th day

Indian IT stocks have witnessed a decline for the fourth consecutive session, owing to fears of AI-led disruption after OpenAI's latest announcement.

14 May 2026
TL;DR

Tiruppur knitwear makers seek removal of 11% cotton import duty

The Tiruppur textile cluster has urged the Union government to eliminate the 11% cotton import duty, citing raw material shortages and global competitiveness concerns.

14 May 2026
Elon Musk

How Sam Altman became billionaire without OpenAI shares

Sam Altman, the CEO of OpenAI, has become a multi-billionaire despite not holding any equity in the company he leads.

14 May 2026
TL;DR

Ola Electric to sell lithium-ion cells and packs to carmakers

Ola Electric is engaging with global and domestic automakers to supply lithium-ion cells from its Krishnagiri gigafactory, aiming to expand beyond its electric scooter business.

14 May 2026
TL;DR

DCM Shriram Q4 profit more than doubles to ₹371 cr

DCM Shriram Ltd reported a two-fold jump in consolidated net profit to ₹370.80 crore for Q4 FY26, driven by robust sales and increased total income.

14 May 2026
TL;DR

Nikkei 225 hits record then falls 1% on inflation fears

Japan's Nikkei 225 hit a record high before dropping 1% as inflation and rising interest rate concerns overshadowed gains in tech stocks, with real estate shares plunging sharply.

14 May 2026
TL;DR

Gold rises as investors await US and Chinese leaders' meeting

Gold edged higher by 0.4% to $4,707.08 per ounce as investors monitored US-China talks, while inflation concerns and easing Treasury yields influenced market sentiment.

14 May 2026
TL;DR

SEBI proposes dropping 'close-to-the-money' label from commodity options contracts

Sebi has proposed eliminating the "close-to-the-money" (CTM) category in commodity options to simplify trading processes and align with global practices.

14 May 2026
TL;DR

India startups increase hiring by 12% adding nearly 14,000 jobs

India's startup sector added 14,000 jobs in 2026, driven by demand for AI, data roles, and experienced mid-level professionals, according to the foundit Insights Tracker report.

14 May 2026
TL;DR

AINPSEF seeks 50% guaranteed NPS pension and 60% family pension

The All India NPS Employees Federation has urged the 8th Pay Commission to introduce a guaranteed pension system, proposing 50% of the last drawn salary plus dearness allowance.

14 May 2026
TL;DR

Inox buys Boviet Solar assets for $750 million in North Carolina

Inox Clean Energy has purchased Boviet Solar’s US solar manufacturing assets for $750 million, securing a 6 GW production capacity and leveraging U.S. policy incentives.

14 May 2026
TL;DR

SEBI proposes simplifying and modernizing exchange-traded derivatives rules in India

SEBI has unveiled a comprehensive restructuring plan for derivatives market regulations, focusing on simplifying compliance and consolidating commodity and financial frameworks.

14 May 2026
TL;DR

Microsoft owned LinkedIn is cutting about 875 jobs in restructuring

LinkedIn announced 5% workforce cuts, while co-founder Reid Hoffman cautioned that tech firms might be blaming AI for layoffs driven by overhiring during the pandemic.

14 May 2026
TL;DR

Honda launches HDII in India to build smarter mobility solutions

Honda Motor Co. has launched Honda Digital Innovation India Private Ltd. to enhance its digital ecosystem and customer engagement across its motorcycle and car businesses in India.

14 May 2026
TL;DR

SEBI plans overhaul of exchange traded and commodity derivatives rules

SEBI has proposed simplifying regulations for exchange-traded derivatives, aiming to reduce compliance burdens and streamline operations for exchanges and clearing corporations.

14 May 2026
TL;DR

The Economic Times to launch Alpha Wealth Summit in Mumbai

The Economic Times' Alpha Wealth Summit in Mumbai will convene top experts to explore AI's impact, wealth creation strategies, and India's next investment cycle.

14 May 2026
TL;DR

OpenAI's over $4 billion-backed company sparks selloff in Indian IT

IT shares declined for the fourth consecutive session as OpenAI's enterprise-focused AI deployment raised disruption fears, while weak global macros further dampened sentiment.

14 May 2026
TL;DR

Bitcoin falls below $80,000 amid crypto market slide on Thursday

Bitcoin dipped to around $79,600 as the crypto market weakened by 1.6%, driven by inflation concerns and cautious investor sentiment, while BTC dominance remained near 60%.

14 May 2026
TL;DR

Amazon announces Selling Partner Services layoffs after 30,000 cuts

Amazon has announced another round of layoffs in its Selling Partner Services unit, even as the company ramps up investments in artificial intelligence to streamline operations.

14 May 2026
TL;DR

Hindustan Aeronautics Limited posts ₹4,196cr Q4 profit, revenue nearly ₹13,942cr

HAL reported a 5.5% YoY rise in Q4FY26 consolidated profit to ₹4,196 crore, while revenue from operations increased nearly 2% YoY to ₹13,942.40 crore.

14 May 2026
TL;DR

Sunil Bharti Mittal to hand over Airtel reins within decade

Airtel Chairman Sunil Bharti Mittal announced plans to transfer leadership to the next generation within a decade, emphasizing his focus on boosting Average Revenue Per User.

14 May 2026
TL;DR

Airtel shares rise 3.5% after 10,486 cr adjusted profit

Bharti Airtel shares gained 3.5% after Q4 earnings, driven by strong fundamentals and a favorable share-swap deal with Indian Continent Investment for a stake in Airtel Africa.

14 May 2026
TL;DR

Sam Altman worth $4 billion despite owning no OpenAI shares

Newly surfaced trial documents detail how Sam Altman amassed a $4 billion fortune through strategic investments in companies closely tied to OpenAI, despite owning no equity in it.

14 May 2026
TL;DR

SK Hynix nears $1 trillion on AI memory chip demand

South Korea's SK Hynix nears a $1 trillion valuation, fueled by soaring AI-driven demand for memory chips and high-bandwidth technology essential for global AI infrastructure.

14 May 2026
TL;DR

India may cut foreign investor bond taxes to support rupee

India is considering reducing taxes on foreign bond investors to attract capital inflows, as policymakers aim to curb rupee depreciation and align with global taxation norms.

14 May 2026
TL;DR

Sensex up 800 to 75,492, BSE-listed stocks add over 3L/cr

Sensex soared over 800 points, and Nifty crossed 23,650 as strong Q4 earnings, global market optimism, and declining bond yields fueled investor confidence.

14 May 2026
TL;DR

Hedge funds post best month in decades on AI chips

Hedge funds are reaping massive gains as semiconductor stocks surge, driven by skyrocketing demand for AI computing resources and a "golden age" of advanced hardware innovation.

14 May 2026
TL;DR

TVS Motor Company to boost capacity to 8.3 million units

TVS Motor Company plans to increase its annual manufacturing capacity by 1.5 million units within 12 months, reaching a total of 8.3 million units to meet rising demand.

14 May 2026
TL;DR

India's wholesale inflation rises to record 8.3% in April 2026

India's wholesale inflation soared to 8.3% in April, driven by surging fuel and crude oil prices, marking the highest rate in the current series.

14 May 2026
TL;DR

ECB warns eurozone banks about Mythos access amid AI risk

The ECB has warned euro area banks to address vulnerabilities urgently, as future AI models like Mythos could enable increasingly aggressive cyberattacks.

14 May 2026
TL;DR

Prashant Jain Bengaluru wealth summit: blue-collar pay nears entry-level IT

Prashant Jain highlights that rising blue-collar incomes and their expanding purchasing power offset concerns about AI-driven white-collar job losses in India.

14 May 2026
TL;DR

Mutual funds raise cash by ₹12,726cr to ₹1.98L/cr in April

Mutual funds increased cash holdings by Rs 12,726 crore in April, reaching Rs 1.98 lakh crore, even as Nifty 50 and Sensex surged by over 6% and 5%, respectively.

14 May 2026
TL;DR

UK economy grew 0.6% in Q1 2026 driven by services

The UK's economy expanded by 0.6% in Q1 2026, driven by strong performance in the services sector, though analysts warn of potential challenges from the Iran conflict's impact.

14 May 2026
TL;DR

US approves NVIDIA H200 AI sales to Alibaba and Tencent

The US has approved Nvidia’s H200 AI chip exports to major Chinese firms, including Alibaba and Tencent, amid Trump-Xi talks in Beijing, Reuters reported.

14 May 2026
TL;DR

MTAR Technologies shares hit record ₹7,404.95 on ₹2,279 cr order

MTAR Technologies shares soared nearly 10% to a record high after securing a ₹2,279 crore international order, boosting investor confidence.

14 May 2026
TL;DR

Alembic Pharmaceuticals secures tentative FDA nod for prostate cancer drug

Alembic Pharmaceuticals gained nearly 3% after receiving tentative USFDA approval for Darolutamide Tablets, a prostate cancer drug with an estimated $3.16 billion market size.

14 May 2026
TL;DR

UK economy grows 0.3% in March, Q1 growth 0.6%

The UK economy grew by 0.3% in March 2026, defying expectations of a contraction, as the services sector and industries like computer programming bolstered economic activity.

14 May 2026
TL;DR

SAIL stock up 19% to ₹210 after short squeeze

SAIL shares surged 19% in two days, driven by a sharp short squeeze as traders unwound concentrated bearish derivative positions amid rising prices and margin pressures.

14 May 2026
TL;DR

Nasscom-Zinnov report: India's Global Capability Centers shift to AI, engineering

India’s Global Capability Centres are transforming from back-office hubs to innovation powerhouses, but global decision-making roles largely remain headquartered overseas.

14 May 2026
TL;DR

TVS Motor braces for single-digit FY27 growth amid U.S.-Iran tensions

TVS Motor Company anticipates single-digit growth in FY27, citing rising shipping and commodity costs due to the Middle East conflict affecting supply chains.

14 May 2026
TL;DR

Honda posts ¥414.3 billion operating loss after US EV rethink

Honda reported its first operating loss since 1957, driven by a $2.6 billion hit from EV-related accounting charges and strategic shifts in the U.S. electric vehicle market.

14 May 2026
TL;DR

India raises import duty on gold and silver to 15%

Gold prices on MCX held steady after a sharp rally, while silver declined nearly 1%, reflecting volatility from India's import duty hike on bullion.

14 May 2026
TL;DR

BSE stock hits record ₹4,032 after standout January-March 2026 results

BSE shares surged 3% to an all-time high of Rs 4,032, driven by a 61.3% rise in Q4 net profit and a Rs 10 dividend announcement.

14 May 2026
TL;DR

India raises gold import duty to 15%, brands push exchanges

India's leading jewellers are promoting old gold exchange initiatives to reduce import dependence, as the government raises gold import duties to 15 percent.

14 May 2026
TL;DR

South Korea stocks surge 200% to $4.6T, 7th-largest globally

South Korea's stock market, fueled by AI-driven demand and chipmakers' dominance, has surged 200% in a year, sparking record borrowing and unprecedented retail investor enthusiasm.

14 May 2026
TL;DR

Amazon announces Selling Partner Services layoffs after nearly 30,000 cuts

Amazon has initiated another round of layoffs, targeting its Selling Partner Services division, following 30,000 job cuts over the past six months.

14 May 2026
US Federal Trade Commission

Shutterstock to pay $35M in FTC settlement over subscription practices

Shutterstock has agreed to pay $35 million to settle allegations brought by the Federal Trade Commission (FTC) over deceptive subscription and billing practices.

14 May 2026
TL;DR

Bank of Baroda to double balance sheet in 5 years

Bank of Baroda, India’s second-largest state-owned lender, plans to double its balance sheet in five years, leveraging strong economic growth and rising credit demand.

14 May 2026
TL;DR

Foreign carriers now operate 58.4% of India-origin international flights

Foreign airlines are rapidly increasing flights to India, capitalizing on booming travel demand and Air India's international flight cuts due to operational challenges.

14 May 2026
TL;DR

Goldman Sachs CIO Marco Argenti criticizes individual employee AI metrics

Marco Argenti, Goldman Sachs CIO, argues that tracking employee AI usage is misguided, advocating instead for measuring team efficiency in turning ideas into actionable results.

14 May 2026
HCL

HCLTech bets $150M on Sarvam AI

HCLTech is set to lead a $300 million (approximately ₹2,850 crore) funding round in Sarvam AI, an Indian company specializing in foundational models.

14 May 2026
Social Media

Trump admin defends visa restrictions for social media moderators

The Trump administration is defending its controversial policy to deny entry to some social media moderation advocates.

14 May 2026
Reserve Bank Of India (RBI)

India's wholesale inflation spikes to 42-month high

India's wholesale inflation has spiked sharply to a 42-month high of 8.3% in April, significantly outstripping March's 3.88% and the 5.5% estimate.

14 May 2026
TL;DR

NLC India stock up as profit nearly triples to ₹1,393.46cr

NLC India shares soared 15% on May 14, 2026, following a nearly threefold rise in Q4 net profit to ₹1,393.46 crore and a significant increase in total income.

14 May 2026
TL;DR

Indian rupee falls to record 95.86 against US dollar

The Indian rupee fell 20 paise to a historic low of 95.86 against the US dollar, driven by elevated crude oil prices and persistent foreign portfolio outflows.

14 May 2026
TL;DR

Sensex 74,584.32 and Nifty 23,427.15 slip after profit booking

The Sensex fell 500 points from its intraday high, while the Nifty slipped below 23,450 amid profit booking, rupee weakness, and selling pressure in IT stocks.

14 May 2026
TL;DR

Climate Risk Horizons finds Indian banks rarely use climate data

India's major banks disclose more climate data but fail to integrate it into lending decisions, risking financial instability as physical climate threats intensify.

14 May 2026
TL;DR

Indian rupee hits record low of 95.85 against US dollar

The Indian rupee plunged to a historic low of 95.85/USD, driven by surging oil prices and persistent foreign portfolio outflows, exacerbating India's current account strain.

14 May 2026
TL;DR

Sensex up 300 points as NVIDIA hits $5.5T valuation

The rupee weakened to a historic ₹95.80 against the dollar, while IT stocks slid over 1% despite benchmark indices opening higher, buoyed by Wall Street's overnight rally.

14 May 2026
Reserve Bank Of India (RBI)

Indian rupee hits new all-time low of 95.85 per dollar

The Indian rupee has hit a new all-time low, falling to 95.85 against the US dollar on Thursday.

14 May 2026
Donald Trump

China is open for business, Xi tells US CEOs

Chinese President Xi Jinping has assured top United States CEOs of greater access to the Chinese market.

14 May 2026
US Army

Anduril hits $61B valuation after fresh $5B funding round

US-based defense technology company Anduril Industries has raised a whopping $5 billion in its latest funding round. The investment has doubled the company's valuation to an impressive $61 billion.

14 May 2026
Cisco

Cisco to lay off 4,000 employees amid AI-led restructuring

Cisco Systems, the networking equipment maker, has announced plans to cut its workforce by nearly 4,000 employees in Q4 FY26. The decision comes as part of an AI-driven business restructuring strategy.

14 May 2026
Elon Musk

Mississippi loophole leaves xAI's gas-powered data center largely unregulated

Elon Musk's artificial intelligence company, xAI, is facing a lawsuit from the NAACP (National Association for the Advancement of Colored People) over its operation of 46 natural-gas turbines at its Mississippi data center.

14 May 2026
India

India bans sugar exports

India, the world's second-largest sugar producer, has imposed an immediate ban on sugar exports until September 30, 2026.

14 May 2026
LinkedIn

Microsoft-owned LinkedIn to lay off nearly 5% of workforce

Microsoft-owned professional networking platform, LinkedIn, is gearing up to cut nearly 5% of its global workforce. The move comes as part of a larger restructuring effort within the tech industry.

14 May 2026
TL;DR

Indian markets rally as Sensex tops 75,000 despite high oil

Sensex surged over 400 points to surpass 75,000, while Nifty rose above 23,500 on Thursday, driven by gains in Bharti Airtel and Pharma stocks despite rupee nearing record lows.

14 May 2026
TL;DR

TSMC predicts semiconductor market will exceed $1.5 trillion by 2030

TSMC forecasts the global semiconductor market to exceed $1.5 trillion by 2030, driven by surging demand for AI and high-performance computing technologies.

14 May 2026
TL;DR

India's 10-year yield slips to 7.038% with Brent under $106

India's 10-year bond yield eased to 7.038% as Brent crude prices slipped below $106 per barrel, with global markets closely monitoring geopolitical and economic developments.

14 May 2026
Donald Trump

Trump ally Kevin Warsh confirmed as new Federal Reserve chair

Kevin Warsh has been confirmed as the new chair of the Federal Reserve in a historic Senate vote.

14 May 2026
TL;DR

Copper nears record high $14,196.50 amid sulfur shortage, mine disruptions

Copper prices surged above $14,000 a ton, nearing a record high, as global mine disruptions and sulfur shortages tighten supply. Aluminum also hit its highest level since 2022.

14 May 2026
TL;DR

Bagmane Prime Office REIT raises ₹3,405 cr for Mumbai listing

Bagmane Prime Office REIT, backed by Blackstone Inc., raised Rs 3,405 crore through its IPO and is set to begin trading in Mumbai on Thursday.

14 May 2026
TL;DR

DBS Bank's Taimur Baig says India FDI dip not alarming

India faces stronger competition from Asian economies benefiting from an AI-electronics boom, says DBS economist, as global capital shifts toward technology-driven growth.

14 May 2026
TL;DR

India Post launches personalized checkbooks for Post Office Savings Accounts

India Post now offers personalised cheque books for savings account holders, featuring pre-printed customer details and enhanced security, effective from May 8.

14 May 2026
TL;DR

Gold, silver slip despite weaker US dollar amid rising inflation

Gold and silver prices dipped Thursday as investors monitored US-China trade discussions and inflation concerns, following earlier gains driven by a weaker dollar.

14 May 2026
TL;DR

Microsoft seeks inception talks to reduce reliance on OpenAI

Microsoft is exploring AI startup acquisitions to secure talent and technology as it prepares for a future beyond its partnership with OpenAI, insiders reveal.

14 May 2026
TL;DR

NVIDIA's Jensen Huang and wife Lori donate $108.3 million AI compute

Jensen Huang's foundation purchased $108 million in CoreWeave computing time to support science and AI research, benefiting universities and nonprofit institutions.

14 May 2026
TL;DR

Brent near $106 as Xi Jinping and Donald Trump meet

Oil prices stabilized as Brent crude hovered below $106 and WTI near $101, amid anticipation of trade-focused discussions during the upcoming Xi-Trump summit in Beijing.

14 May 2026
TL;DR

Alibaba reports 1st operating loss since 2021 amid AI investments

Alibaba is prioritizing long-term AI expansion, expecting annual recurring revenue from AI services to triple by year-end despite posting its first operating loss since 2021.

14 May 2026
TL;DR

Asian stocks rise as Cisco surges, China reaches 2021 high

Asian stocks advanced as US benchmarks hit record highs, while Nasdaq 100 futures rose 0.5%, driven by strong outlooks in the technology sector like Cisco Systems Inc.

14 May 2026
TL;DR

Allegiant completes $1.5B Sun Country acquisition, CEO calls defining moment

Allegiant Air finalized its $1.5 billion acquisition of Sun Country Airlines, creating a larger budget carrier amidst rising fuel costs and the recent shutdown of Spirit Airlines.

14 May 2026
TL;DR

Skyroot Aerospace rolls out founders' up to 4% equity plan

Skyroot Aerospace introduces a SpaceX-inspired stock option plan for its founders, linking equity stakes to satellite launches and achieving a $1 billion valuation by 2028.

14 May 2026
TL;DR

Activate invests in $11 billion ElevenLabs to deepen India ties

Activate has acquired a strategic stake in ElevenLabs, marking its first global growth-stage AI investment to strengthen enterprise ties and support Indian startups.

14 May 2026
TL;DR

Panda Express plans 2027 India launch amid $125B market surge

India's growing spending power and evolving dining preferences are prompting global fast-food chains to re-enter the market with localized strategies and cautious expansion plans.

14 May 2026
TL;DR

Mahanagar Gas raises Mumbai CNG price by ₹2 to ₹84

Mahanagar Gas Limited has raised CNG prices by ₹2/kg to ₹84, citing global energy disruptions and rising procurement costs, impacting over 1.28 million vehicles in the region.

14 May 2026
TL;DR

US judge questions S.E.C.'s $1.5 million Musk settlement and 99% cut

A federal judge expressed concerns over irregularities in Elon Musk's $1.5 million SEC settlement, citing potential motives to shield him personally and reduce penalties by 99%.

14 May 2026
TL;DR

Reyes Coca-Cola Bottling to close Ventura plant July 10, 2026

Ventura’s historic Coca-Cola bottling facility, operating since 1912, will permanently close on July 10, affecting 85 workers and marking the end of a century-long legacy.

14 May 2026
TL;DR

Nasdaq and S&P 500 hit record highs on AI optimism

The S&P 500 and Nasdaq hit record highs Wednesday, driven by AI optimism and US-China summit hopes, while oil prices dipped amid anticipation of Trump-Xi talks on Iran.

14 May 2026
TL;DR

Krishna Rao says compute is lifeblood as Anthropic eyes IPO

Krishna Rao, Anthropic’s first CFO, discusses compute as the company’s core asset while navigating scaling challenges amid surging demand and rapid AI growth.

14 May 2026
TL;DR

Elon Musk pushes for Sam Altman's removal over OpenAI ties

Sam Altman holds over $2 billion in companies linked to OpenAI, court documents reveal, amid scrutiny from state attorneys general, Elon Musk, and a congressional investigation.

14 May 2026
TL;DR

SpiceJet, Ajay Singh seek SC nod for Gurugram ₹148cr land

SpiceJet has approached the Supreme Court seeking permission to furnish a Gurugram land title deed as security instead of depositing ₹144 crore in an arbitration dispute.

14 May 2026
TL;DR

Morgan Stanley lifts India's fiscal 2027 GDP forecast to 6.7%

Morgan Stanley raises India's FY27 GDP growth estimate to 6.7%, citing robust domestic demand, government infrastructure investments, and a surge in services exports.

14 May 2026
TL;DR

India revises National Steel Policy for green and specialty steel

India is drafting a new national steel policy targeting green, speciality, and stainless steel by 2035 and 2047, focusing on premium products and reducing imports.

14 May 2026
TL;DR

Semaglutide monthly cost could fall to ₹500 in 6-8 months

Generic semaglutide prices in India are expected to fall by over 50% within months, driven by lower raw material costs and the entry of smaller pharmaceutical brands.

14 May 2026
TL;DR

LIC Housing Finance Q4 profit up 9.4%, Signature Global reports

LIC Housing Finance reported a 9.4% increase in Q4 net profit to Rs 1,497 crore, aided by reduced provisions, despite a dip in total income to Rs 7,195 crore.

14 May 2026
TL;DR

Indian government raises import tariffs, triggering record $207 gold discount

Gold discounts in India surpassed $200/ounce on Wednesday as import duty hikes spurred investor selling, while weak demand and profit-taking intensified market pressures.

Your final provident fund withdrawal claims will soon be automated

The Employees' Provident Fund Organisation (EPFO) is set to revolutionize its services by automating the process of settling final provident fund withdrawal claims.

13 May 2026
Indian Government

Selling fake external hard drives to become difficult in India

The Indian government has decided to bring external hard disk drives (HDDs) under a safety and registration regime.

13 May 2026
Anthropic

Anthropic plans to buy this AI start-up for over $300M

AI start-up Anthropic is said to be in advanced talks to buy Stainless, a company that creates software for easier access to artificial intelligence (AI) models.

13 May 2026
SpiceJet

SpiceJet moves SC against a deposit order of ₹144.5cr 

SpiceJet has challenged a Delhi High Court order in Supreme Court that asked the airline to deposit ₹144.5 crore in its ongoing legal battle with Kalanithi Maran and KAL Airways Pvt Ltd.

13 May 2026
Amul

Amul's milk products will be ₹2 costlier from tomorrow

Amul has announced a price hike of ₹2 per liter on its milk products, effective from tomorrow.

13 May 2026
Tata Motors Ltd

Tata Motors Q4 profit surges 34% to ₹1,793cr

Tata Motors has reported a 33.8% jump in its consolidated net profit for the fourth quarter of FY26.

13 May 2026
Indian Government

Gold prices soar after duty hike: Hold or book profits?

The Indian government's decision to raise import duties on gold and silver to 15% has sent shockwaves through the market.

13 May 2026
Bharti Airtel

Bharti Airtel Q4 profit falls 34% to ₹7,325cr

Bharti Airtel has reported a 34% decline in its net profit for the fourth quarter ending March 31, 2026.

13 May 2026
Vedanta

Why India's metal stocks jumped sharply today

Metal stocks in India witnessed a major rally on Wednesday. The surge was led by Hindustan Zinc, Vedanta, and Hindustan Copper.

13 May 2026
Indian Rupee (INR)

Indian rupee hits fresh all-time low of 95.8 per dollar

The Indian rupee has hit a new all-time low of 95.79 against the US dollar, as hopes for a peace deal between the United States and Iran fade.

13 May 2026
Akash Ambani

Akash Ambani appointed Jio Platforms MD ahead of IPO

In a major pre-IPO development, Jio Platforms has appointed Akash Ambani as its managing director for five years.

13 May 2026
Reserve Bank Of India (RBI)

Modi government may get record dividend from RBI in 2026

The Reserve Bank of India (RBI) is likely to transfer a record dividend to the Indian government this year, as per PTI.

13 May 2026
Narendra Modi

After Modi's austerity call, PwC urges employees to reconsider trips

PwC India, one of the leading Big Four firms, has asked its employees to reconsider their travel plans.

13 May 2026
Uber

Uber partners with Adani for its 1st Indian data center

Uber has announced a partnership with the Adani Group to establish its first data center in India.

13 May 2026
TVS Motor Company

TVS Motor's Q4 net profit jumps 19% YoY to ₹772cr

TVS Motor Company has reported a 19% year-on-year increase in its consolidated net profit for the fourth quarter of FY26.

13 May 2026
Dubai

Why India's gold imports from Dubai may rise

The recent hike in import duty on gold from 6% to 15% may lead to a surge in imports from Dubai, according to think tank Global Trade Research Initiative (GTRI).

13 May 2026
Karnataka

Karnataka hires almost 30% of India's AI GCC talent

Karnataka is leading India's global capability center (GCC) talent market, contributing nearly 30% of the country's artificial intelligence (AI)-related GCC hiring.

13 May 2026
Reserve Bank Of India (RBI)

RBI governor hints at fuel price hike in India

Reserve Bank of India (RBI) Governor Sanjay Malhotra has warned that India may have to raise retail fuel prices if the ongoing conflict in the Middle East continues.

13 May 2026
Donald Trump

Trump is taking America's biggest CEOs to China

US President Donald Trump will be accompanied by a number of top business and tech industry executives on his upcoming trip to China.

13 May 2026
JP Morgan

Could JP Morgan scrap its upcoming £3B London HQ?

JP Morgan's CEO Jamie Dimon has hinted that the bank could reconsider its plans for a new £3 billion headquarters in London.

13 May 2026
Australia

Why Australia's 1st Trump Tower project has been canceled

Plans for Australia's first-ever Trump Tower in Queensland have been scrapped.

13 May 2026
Vodafone Idea

Vodafone Idea all set for capital infusion soon

Vodafone Idea is set to get a fresh round of funding, led by its non-executive chairman Kumar Mangalam Birla, as per Moneycontrol.

13 May 2026
Air India

Air India cuts international flights amid skyrocketing jet fuel prices

Air India, the Tata-owned airline, has announced major cuts in its international network for three months starting June.

13 May 2026
Personal Finance

Robert Kiyosaki wants you to invest in silver this year

Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, has once again endorsed silver as a top investment choice.

13 May 2026
Federal Reserve

US inflation jumps to highest level in 3 years

Consumer prices in the United States surged by 3.8% year-on-year in April, the fastest increase since May 2023.

13 May 2026
Elon Musk

Musk's behavior caused 'huge damage' to OpenAI: Sam Altman

OpenAI CEO Sam Altman has claimed that Elon Musk's behavior caused "huge damage" to the culture of his artificial intelligence start-up.

13 May 2026
Indian Rupee (INR)

Gold, silver prices surge 6% as India hikes import duty

Gold and silver prices in India surged by over 6% on Wednesday, following the government's decision to raise import duties on the precious metals.

13 May 2026
Indian Government

India raises gold, silver import duty to 15% from 6%

The Indian government has raised the import duty on gold and silver from 6% to 15%.

12 May 2026
India

India might soon ink critical minerals pact with Russia

India and Russia are in advanced talks to sign a preliminary agreement on critical minerals, as per Reuters.

12 May 2026
India

India has enough forex for over 8 months of imports

India's foreign exchange reserves are in a strong position, according to a Moneycontrol analysis.

EPFO to pay ₹50,000 compensation for 10-year-delay in PF transfer

The Chandigarh District Consumer Disputes Redressal Commission has directed the Employees' Provident Fund Organisation (EPFO) to pay ₹50,000 as compensation.

12 May 2026
Microsoft

Microsoft, OpenAI agree to limit revenue-sharing payments to $38B

OpenAI and Microsoft have agreed to cap revenue-sharing payments at $38 billion, as per The Information.

12 May 2026
Groww

Groww block deal jumps to $600M as demand surges

A block deal in Billionbrains Garage Ventures Ltd., the parent company of leading wealth-tech firm Groww, has been upsized from its initial base size of some $500 million to about $600 million. The increase comes on the back of high demand for shares.

12 May 2026
Inflation

India's retail inflation rises to 4-month high of 3.48%

India's retail inflation hit a four-month high of 3.48% in April, up from 3.4% in March, official data showed today.

12 May 2026
eBay

eBay rejects GameStop's $56B takeover bid

eBay has turned down a massive $56 billion takeover offer from GameStop. The rejection comes amid concerns over the financing of the deal.

12 May 2026
Stock Market

Real estate, jewelry shares fall again on Modi's austerity call

Real estate and jewelry stocks have been hit by a wave of selling pressure for the second consecutive day.

12 May 2026
Sam Altman

Why Altman is being probed by Republican lawmakers in US

Sam Altman, the CEO of OpenAI, is facing scrutiny from US Republican lawmakers over his business dealings.

This Skechers, Bugatti retailer has filed for IPO in India

Gaurik Fashions, which operates stores for Skechers, Guess and Bugatti in India, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).

12 May 2026
Elon Musk

Musk never raised concerns over Microsoft's OpenAI investments: Nadella

In the ongoing Musk v/s Altman trial, Microsoft CEO Satya Nadella has testified that Elon Musk never expressed any concerns about Microsoft's investments in OpenAI.

Indian IT stocks tumble as global economic concerns rattle investors

Major Indian IT stocks witnessed a sharp decline on Tuesday, with leading companies like Infosys and Tata Consultancy Services (TCS) witnessing losses of up to 4%.