Business News
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India mulls ₹2.5L/cr credit plan for airlines and exporters
The Indian government is reportedly preparing a targeted financial support package for sectors severely affected by the US-Iran war trade disruptions.
RBL Bank shares drop 5% despite Q4 ₹230cr profit tripling
Despite a three-fold increase in Q4 net profit, RBL Bank shares fell by 5% due to weakened margins and moderate growth in operating profit.
AI deal changes slow Indian IT revenue growth fiscal 2026
Despite adding more high-value clients, India's top IT firms saw muted revenue growth in FY26 as AI-led efficiencies compressed deal values and extended execution timelines.
LTTS to hire 500 in 6 months amid AI demand
L&T Technology Services (LTTS) is shifting from a pyramid to an 'Eiffel Tower' workforce model, focusing on skills-heavy hiring to accommodate the increasing role of AI in engineering.
US asserts influence in global energy markets after boosting exports
The Iran war has propelled the U.S. to surpass OPEC as the world's leading energy superpower, leveraging its vast oil reserves and export capabilities.
IDBI Bank privatization review meeting set for April 27 2026
The privatisation of IDBI Bank, one of India's longest bank privatisation efforts, is set to undergo a high-level review following a fresh valuation exercise.
Acko plans ₹20,750cr IPO with new and secondary shares
Acko, an insurtech firm, has selected ICICI Securities, Morgan Stanley, and Kotak Securities as lead managers for its upcoming initial public offering (IPO).
How RBI's latest steps have affected India's fintech firms
The Reserve Bank of India (RBI) has announced a series of regulatory changes that could significantly impact the country's fintech ecosystem.
Instant home services apps bag 10M monthly users in India
India's instant home services industry has crossed a major milestone, hitting over 10 million monthly active users (MAUs).
Indian government bonds see decline today: What's the reason?
Indian government bonds witnessed a decline today after the United States called off its planned talks with Iran.
Why SEBI has conducted search and seizure operations across India
The Securities and Exchange Board of India (SEBI) has conducted extensive search and seizure operations in connection with a suspected stock manipulation network.
You can buy this home in exchange of Anthropic shares
A unique property in Mill Valley, California, is on the market with an unusual condition.
SkyHop Aviation cleared to launch India's 1st commercial seaplane service
SkyHop Aviation has secured its Air Operator Certificate from the Directorate General of Civil Aviation, paving the way for India's first commercial seaplane services.
IDBI Bank to announce Q4 and FY26 results April 30
IDBI Bank's board of directors will convene on April 30, 2026, to discuss and approve the bank's financial results for the quarter ending March 31, 2026.
Paytm shares fall 6% after RBI cancels bank licence
Shares of One97 Communications, the parent company of Paytm, plummeted over 6% in early trade today.
Starship headlines SpaceX's bid for a possible $2 trillion IPO
SpaceX's upcoming record-breaking IPO is underpinned by its fully reusable rocket, Starship, which significantly reduces costs to reach space.
India-New Zealand FTA explained: Zero tariffs, $20B investment, 5,000 visas
India and New Zealand are set to sign a Free Trade Agreement (FTA) today at Bharat Mandapam in New Delhi.
Will Apple adopt Microsoft-like early retirement strategy for senior employees?
Microsoft's recent announcement of a voluntary employee buyout has sparked interest.
Hindustan Zinc Q4 fiscal 2026 profits jump 68% to ₹5,033cr
Hindustan Zinc shares rose nearly 5% following a 68% YoY Q4 profit increase and the announcement of an interim dividend.
Elon Musk and Sam Altman in court over OpenAI control
Elon Musk and Sam Altman are embroiled in a high-stakes legal battle that could determine the future of artificial intelligence company, OpenAI.
Sensex gains over 600 points: What's behind today's rally?
The Indian stock market witnessed a major surge on Monday, with the Sensex gaining over 600 points to trade above 77,300, while Nifty rose over 200 points, rising above the 24,100 mark.
India's RBI cancels Paytm Payments Bank license over compliance issues
The Reserve Bank of India (RBI) has introduced a series of regulatory changes impacting India's fintech startups, particularly in payments, wallets, cards, and lending.
India's instant home services apps reach 10 million monthly users
India's instant home services sector surpasses 10 million monthly active users, indicating a surge in the adoption of app-based domestic help among urban consumers.
Oil prices surge to $108 amid stalled US-Iran peace talks
Oil prices have surged by nearly 2% today, amid stalled US-Iran peace talks and continued restrictions on shipments through the crucial Strait of Hormuz. The developments have heightened fears of a global supply squeeze.
Sun Pharma to buy U.S.-based Organon for $11.75bn in cash
Sun Pharmaceutical Industries is set to acquire US-based Organon & Co for $11.75 billion, a move that will strengthen its presence in the US amidst changing pharma policies.
Bitcoin hits 12-week high $79,488 after Iran suggests Hormuz reopening
Bitcoin climbed towards $80,000, a 12-week high, amid optimism over a potential US-Iran deal to reopen the Strait of Hormuz.
BSE revamps website for better user experience: Check what's new
The Bombay Stock Exchange (BSE) has launched a revamped version of its website, with an aim to enhance user experience.
Why are China's factories booming despite US-Iran war risks?
China's industrial enterprises witnessed a significant jump in their earnings in March, with profits rising by 15.8% year-on-year.
Indian rupee falls to ₹94.27 amid global safe haven demand
The Indian rupee depreciated by 11 paise to 94.27 against the US dollar in early trade on Monday, influenced by persistent dollar demand and a shift toward safe-haven assets.
Iran Saudi conflict disrupts PCB supply after petrochemical plant attack
The ongoing conflict in the Middle East has disrupted the supply of raw materials for printed circuit boards, leading to increased costs for tech companies.
Centre plans ₹5,000cr relief package for airlines amid cost pressures
The Indian government is considering a ₹5,000 crore relief package for airlines under the Emergency Credit Line Guarantee Scheme (ECLGS).
Government's top secretaries to revisit IDBI Bank sale April 27
The core group of secretaries on disinvestment is set to review the strategic sale of IDBI Bank today, following a fresh valuation after earlier bids fell short.
Indian rupee opens at 94.25 despite $100 Brent, U.S.-Iran concerns
The rupee remained steady at 94.25 against the dollar on April 27, as escalating Brent crude prices and a deadlock in US-Iran peace talks influenced market sentiment.
Sun Pharma seals India's biggest overseas acquisition in 20 years
Sun Pharmaceutical Industries, India's most valuable drug manufacturer, is acquiring New Jersey-based Organon for nearly $12 billion.
Sensex at 77,044 as Nifty tops 24,000 on global gains
Despite geopolitical concerns and high crude oil prices, Sensex and Nifty opened with significant gains on Monday, reflecting positive global cues.
Sun Pharma's biggest-ever $11.75bn Organon & Co. deal lifts markets
The S&P BSE Sensex and NSE Nifty50 indices experienced nearly a 1% jump in early trading, while Sun Pharma's shares surged by 5% following a significant acquisition announcement.
RBI cancels Paytm Payments Bank license, One97 Communications loses ₹6,000cr
Paytm's share price dropped 8% after the Reserve Bank of India (RBI) cancelled the license of Paytm Payments Bank, raising questions for investors.
Indian rupee starts Monday at 94.23 per US dollar
The Indian rupee opened slightly stronger on Monday, April 27, despite ongoing pressures from high oil prices and weak capital flows.
Indian government considering ₹5,000cr ECLGS lifeline as jet fuel spikes
The Indian government is reportedly planning a ₹5,000 crore relief package for financially stressed airlines under the Emergency Credit Line Guarantee Scheme (ECLGS).
India's 10-year yield hits 6.97% after government raised ₹32,000 cr
India's 10-year government bond yield edged higher in opening trade on April 27, influenced by domestic supply and global cues.
Goldman Sachs raises Brent to $90 per barrel late 2026
Goldman Sachs has raised its oil-price predictions due to the ongoing closure of the Strait of Hormuz, causing significant inventory draws.
Google to build $15bn AI data center in Visakhapatnam
Andhra Pradesh Chief Minister, N Chandrababu Naidu, will lay the foundation for a $15 billion Google AI data centre in Visakhapatnam on April 28.
Alembic Pharmaceuticals gets FDA approval for fingolimod generic, 237th ANDA
Alembic Pharmaceuticals' shares are expected to be in the spotlight after receiving USFDA approval for its Fingolimod capsules, a treatment for multiple sclerosis.
Asian stocks upbeat with Nikkei record high despite U.S.-Iran tensions
Despite ongoing US-Iran uncertainties, Japan's Nikkei 225 and South Korea's Kospi hit record highs on Monday. However, Australia’s S&P/ASX 200 saw a slight decline.
Brent oil rises above $107 after U.S.-Iran talks stalled
Oil prices hit a three-week high due to prolonged U.S.-Iran peace talk disruptions, while Asian shares showed mixed responses.
Adani Green to invest ₹42,000cr in FY27 adding nearly 5GW
Adani Green Energy Limited (AGEL) is planning to invest around ₹42,000 crore in FY27 to add nearly 5 GW of clean energy capacity.
RateGain Travel Technologies wins ET Corporate Excellence Emerging Company award
RateGain Travel Technologies, an AI-driven digital solutions provider, has won the Emerging Company of the Year at the ET Awards due to its significant post-pandemic growth.
HCL and Foxconn choose Taiwan's CTCI for ₹3,706cr UP plant
HCL-Foxconn joint venture has selected Taiwanese firm CTCI as the EPC partner for its upcoming semiconductor facility in Uttar Pradesh.
Capital-A launches 2nd fund after raising ₹160cr, aims for ₹300cr
Capital-A, a venture capital firm, has secured the first close of its second fund at Rs 160 crore, targeting manufacturing and deeptech startups.
JioMart moves to 2-hour deliveries using over 3,100 physical stores
Reliance Retail is leveraging its physical stores to boost JioMart's quick-commerce business, offering two-hour deliveries and challenging competitors like Blinkit and Zepto.
AI squeezes billing rates across India's largest IT companies
Top Indian IT firms, including Tata Consultancy Services and Infosys, admit concerns over artificial intelligence (AI) leading to revenue erosion.
Oil prices rise after Iran-linked closure of Strait of Hormuz
Oil prices have risen due to the ongoing closure of the crucial Strait of Hormuz and stalled peace talks over the Iran war.
Gold slips 0.6% amid U.S.-Iran tensions to $4,680 per ounce
Gold prices fell by 0.6% as attempts to restart peace talks between the US and Iran faltered, further impacting global markets and inflation risks.
India mulls ₹5,000cr emergency credit for domestic airlines and jobs
The Indian government is contemplating various relief measures, including a Rs 5,000 crore emergency credit line, to support airlines affected by the ongoing US-Iran war.
Paradise Biryani to open 100 outlets across India, raise 100cr
Paradise Biryani, a renowned Hyderabadi brand, plans to raise ₹100 crore to fuel its aggressive expansion across key Indian cities.
RTI reveals Kerala has no record of ₹75,000cr investment commitment
A Right to Information (RTI) query has revealed that the Kerala government has no information on the ₹75,000 crore investment commitment linked to Abu Dhabi Investment Authority (ADIA).
Why Modi government won't reveal details of Russian oil imports
The Petroleum Planning and Analysis Cell (PPAC) has denied a Right to Information (RTI) request for data on India's crude oil imports from Russia.
IPO calendar: These listings will hit the market next week
The primary market is gearing up for a relatively quiet week, with no new mainboard initial public offerings (IPOs) opening for subscription.
Modi urges public participation in Census, assures data security
In his latest 'Mann Ki Baat' address, Prime Minister Narendra Modi stressed the importance of public participation in the ongoing Census exercise.
Affordable home sales in India down 23%: What's the reason?
Sales of affordable homes in India, priced under ₹50 lakh, have witnessed a massive decline of 23% year-on-year in the first quarter of this year.
Paytm Payments Bank begins winding up after RBI revokes licence
Paytm Payments Bank Limited (PPBL) has started the voluntary winding-up process after the Reserve Bank of India (RBI) revoked its banking license.
'Mann Ki Baat': Modi highlights India's clean energy push
In his latest Mann Ki Baat radio address, Prime Minister Narendra Modi emphasized the significance of India's recent strides in clean energy and nuclear power.
Adani Green to invest ₹15,000cr in battery energy storage expansion
Adani Green Energy Ltd (AGEL) has announced plans to invest around ₹15,000 crore in a major expansion of its battery energy storage capacity.
Government banks ordered to complete wage negotiations within 12 months
The Indian government has directed public sector banks (PSBs) to kick-start negotiations for the 13th Bi-partite settlement.
AI use will affect your salary growth by 2029
The adoption of artificial intelligence (AI) is set to have a major impact on salary growth in the coming years, according to Shantanu Rooj, founder and CEO of TeamLease Edtech.
Canara Bank: Gold loan fraud worth ₹7cr unearthed in Maharashtra
A major fraud of ₹7.31 crore has been unearthed at a Canara Bank branch in Jalna, Maharashtra.
Market cap of India's top 7 companies down ₹2L crore
The combined market capitalization of seven out of the top 10 most-valued companies in India has witnessed a major decline, eroding over ₹2 lakh crore last week.
Rajasthan: HPCL refinery restoration to be completed in 3-4 weeks
Hindustan Petroleum Corporation Limited (HPCL) has announced that restoration work at the HPCL Rajasthan Refinery Limited (HRRL) is in full swing and will be completed within three to four weeks.
70% Indian products to enter New Zealand duty-free under FTA
India and New Zealand are set to sign a major trade agreement tomorrow. The deal is aimed at boosting bilateral trade and enhancing market access for Indian products.
UCO Bank's Q4 net profit jumps 23% YoY to ₹801cr
State-owned UCO Bank has reported a massive 23% jump in its net profit for the fourth quarter (Q4) of FY26.
Indian stock market to remain closed on May 1
The Indian stock market will observe a holiday on May 1, in observance of Maharashtra Day.
Worrying: Customer deposits worth ₹800cr stuck in Paytm Payments Bank
Almost two years after operations were suspended, over ₹800 crore of customer deposits remain stuck in Paytm Payments Bank.
Guidelines for Startup India FoF 2.0 out: Why they matter
The Department for Promotion of Industry and Internal Trade (DPIIT) has unveiled the operational guidelines for the ₹10,000 crore Startup India Fund of Funds 2.0 (FoF 2.0).
India likely to receive $90B foreign direct investment in FY26
India's Chief Economic Adviser (CEA) V Anantha Nageswaran has projected that the country will attract over $90 billion in gross Foreign Direct Investment (FDI) during the fiscal year 2025-26.
Layoffs in tech sector nearing 900,000 mark since 2020
The tech industry is witnessing a major upheaval with more than 92,000 employees losing their jobs this year alone.
Salesforce to hire 1,000 graduates, interns amid AI job fears
Salesforce CEO Marc Benioff has announced plans to hire 1,000 graduates and interns.
India's financial system, external sector indicators resilient: RBI
The Reserve Bank of India (RBI) has said that despite global volatility and capital outflows due to the ongoing West Asia conflict, India's financial system and external sector indicators remain "favorable" and resilient.