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Modi government clears ₹1,570cr ship repair facility in Gujarat
The Indian government has approved the establishment of a modern ship repair facility at Vadinar, Gujarat.
Vi stock jumps 5% after Birla's comeback as non-executive chairman
Vodafone Idea's shares witnessed a major spike of over 5% today. The surge comes after Aditya Birla Group Chairman Kumar Mangalam Birla was appointed as the new non-executive chairman of the debt-ridden telecom company.
Why gold and silver prices are surging today
Gold and silver prices witnessed a surge today, following a minor recovery in global bullion markets. The rise comes after recent losses in the sector.
Apple agrees to $250M settlement over delayed AI features
Apple has agreed to pay $250 million to settle a class-action lawsuit that accused the tech giant of misleading customers over its Apple Intelligence features.
India's services sector hits 3-month high as demand surges
India's services sector has shown signs of recovery, with the Purchasing Managers' Index (PMI) hitting a three-month high of 58.2 in April.
Freshworks to cut 11% workforce as AI reshapes software industry
Freshworks, a leading business-software company, has announced its decision to cut 11% of its workforce.
Samsung hits $1T valuation on AI chip demand
Samsung Electronics has reached a major milestone, hitting a $1 trillion market valuation. The achievement comes on the back of skyrocketing demand for artificial intelligence (AI) chips.
Oil prices fall as Trump pauses military operation in Hormuz
Oil prices fell on Wednesday after US President Donald Trump announced a temporary halt to the naval escort effort in the Strait of Hormuz. The decision has sparked hopes for a possible deal with Iran.
ESG funds: Understanding this financial option
Environmental, social, and governance (ESG) funds are becoming increasingly popular among Indian investors looking to make a positive impact.
L&T's Q4 results: Net profit down 3% to ₹5,326cr
Larsen & Toubro (L&T) has announced a 3% year-on-year decline in its consolidated net profit for the fourth quarter.
Why Nykaa has been sued by Zee Entertainment
Zee Entertainment has filed a lawsuit against Nykaa, accusing the latter of using its copyrighted songs in Instagram reels for product promotion.
SBI customers brace for 4-day disruption amid upcoming staff strike
The State Bank of India (SBI) is likely to witness service disruptions later this month.
Cognizant may cut 12,000-15,000 jobs globally
Cognizant, a leading IT services company, is considering a major workforce reduction that could affect between 12,000 and 15,000 employees worldwide, as per Moneycontrol.
M&M Q4 profit rises 42% YoY to ₹4,668cr
Mahindra and Mahindra (M&M) has announced a 42% year-on-year jump in its consolidated net profit for the fourth quarter of FY25-26.
India's cash withdrawals jump 12%, highest since 2017 demonetization
India is witnessing a major shift in its cash economy as currency in circulation (CIC) has increased by over ₹61,000 crore in the first half of April.
How Amazon's latest move triggered a global logistics stock selloff
Amazon announced a new suite of logistics services, sending shockwaves through the industry.
Google parent Alphabet wants to raise $3.5B via bond sale
Alphabet Inc, the parent company of Google, has returned to the euro market with a mega bond deal.
PNB's Q4 results: Net profit rise 14% YoY to ₹5,225cr
Punjab National Bank (PNB) has reported a strong 14% year-on-year increase in its net profit for the fourth quarter of FY26.
This data center operator is planning $900M IPO in India
Yotta Data Services, a leading player in India's data center market, is planning an initial public offering (IPO) in Mumbai.
Sensex tanks nearly 750 points: What's behind today's decline?
The Indian stock market witnessed a major slump on Tuesday, with the Sensex plummeting by almost 750 points.
Ex-JPMorgan banker faked father's death to get bereavement leave
Chirayu Rana, the former JPMorgan Chase banker, who accused a female colleague of forcing him to become her "sex slave," faked his father's death to take nearly three months of paid leave, The New York Post reported.
OpenAI sales head departs amid intensifying AI competition
James Dyett, the sales leader at OpenAI, has announced his departure from the company. He joined OpenAI in 2023 during a period of rapid growth after the launch of ChatGPT.
Canadian musician sues Google over false sex offender claims
Canadian fiddler Ashley MacIsaac has filed a $1.5 million lawsuit against Google, accusing the tech giant of defamation.
Meet Claire Mazumdar, Kiran Mazumdar-Shaw's successor at Biocon
Kiran Mazumdar-Shaw, the Founder and Chairperson of Biocon, is considering a succession plan for the company.
Will Damodar Valley Corporation finally make stock market debut?
The Bharatiya Janata Party's (BJP) victory in the West Bengal assembly elections has revived hopes of an initial public offering (IPO) for Damodar Valley Corporation (DVC).
Musk v/s OpenAI trial heats up as Greg Brockman testifies
The legal battle between Elon Musk and OpenAI continued on Monday.
Elon Musk tried to settle OpenAI case before court battle
Elon Musk reached out to OpenAI's president Greg Brockman just two days before his multibillion-dollar lawsuit against them was set to go to trial.
Musk settles SEC case over Twitter stake for $1.5M
Elon Musk has settled a civil lawsuit with the US Securities and Exchange Commission (SEC) over his delayed disclosure of initial purchases in Twitter, now known as X.
Why Unacademy is being sold at 90% discount
Edtech giant UpGrad is set to acquire rival platform Unacademy in an all-stock deal. The acquisition comes after months of negotiations and is expected to be finalized soon.
Gold rises as crude oil prices stoke inflation fears
Gold prices in global markets witnessed an increase on May 5, while silver saw a minor dip. The movement is being attributed to high crude oil prices and geopolitical tensions.
India to host 4th India-Africa Forum Summit after decade-long gap
India will host the fourth India-Africa Forum Summit (IAFS-IV) in New Delhi from May 28 to 31.
Setback for Vedanta! NCLT upholds Adani's ₹15,000cr plan for Jaypee
The National Company Law Appellate Tribunal (NCLAT) has upheld the approval of Adani Enterprises's over ₹15,000 crore resolution plan for Jaiprakash Associates Ltd under the insolvency process.
India's LPG consumption nosedives 16% amid US-Iran war
India's LPG consumption has seen a major decline of 16% in April.
Global crude oil supply gap of 5mbpd may hit demand
A recent report by PL Capital has flagged a global crude oil supply deficit of nearly 4.8 million barrels per day (mbpd).
SEBI to launch C-KYC 2.0 for unified know-your-customer system
The Securities and Exchange Board of India (SEBI) is gearing up to launch C-KYC 2.0 by July this year.
BJP's West Bengal win could add 50bps to India's GDP
Market analysts have predicted that a BJP victory in West Bengal could add around 50 basis points to India's GDP.
Musk v/s OpenAI enters second week with key testimonies ahead
Greg Brockman, the co-founder and president of OpenAI, is set to testify in a lawsuit filed by Elon Musk.
Anthropic nearing $1.5B joint venture with Wall Street firms
Anthropic, a leading artificial intelligence (AI) company, is on the verge of finalizing a major joint venture with Blackstone and Goldman Sachs, according to The Wall Street Journal.
US becomes India's top LPG supplier amid Hormuz crisis
The United States has emerged as India's top supplier of liquefied petroleum gas (LPG) in April, according to data from analytics firm Kpler.
MediaTek ropes-in former TSMC executive as advisor for AI chips
Taiwanese chip designer MediaTek has appointed Douglas Yu, a former executive at Taiwan Semiconductor Manufacturing Company (TSMC), as a part-time advisor.