Business News
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PAN now mandatory for these financial transactions in India
The Indian government has made it mandatory to quote a Permanent Account Number (PAN) for several financial transactions.
Cerebras plans $4B IPO as AI chip demand surges
Cerebras Systems, a leading player in the AI chip industry, is gearing up for a major public offering.
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).
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.
First OPEC+ meeting since UAE's exit today: What to expect?
Seven OPEC+ countries are convening today to set new oil production quotas.
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.
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.
'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.
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.
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.
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.
India and Ecuador might ink a preferential trade agreement
India and Ecuador are considering a preferential trade agreement (PTA) to strengthen their economic ties.
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.
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.
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.
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.
Axis Bank opens its 1st digital locker-focused branch
Axis Bank has launched its first-ever digital locker-focused branch in New Delhi.
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.
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.
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.
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.
Air India to cut more flights amid fuel costs, disruptions
Air India is set to further reduce its flight schedules in June and July.
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.
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.
Fashion brand Superdry's co-founder convicted of rape
James Holder, the co-founder of popular fashion brand Superdry, has been convicted of rape.
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.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.