Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Sunil Mittal eyes majority control in Airtel again
Sunil Bharti Mittal, the reappointed chairman of the board of Bharti Airtel for five years until September 30, 2031, has revealed his long-term vision for the company.
EPFO deadline alert: File ECR, pay dues by May 15
The Employees' Provident Fund Organisation (EPFO) has urged employers to submit the Electronic Challan-cum-Return (ECR) for April 2026 and deposit their Employees' Provident Fund (EPF) and Employees' Pension Scheme (EPS) contributions by May 15, 2026.
Sona BLW dispute: SC grants interim relief to Rani Kapur
The Supreme Court has granted interim relief to Rani Kapur in the ongoing dispute involving the promoter family of Sona BLW Precision Forgings Limited.
Centre plans tax cuts for foreign bond investors
The Indian government is considering a major tax cut on the country's bonds for foreign investors.
Amazon announces fresh layoffs amid ongoing restructuring
Amazon has announced another round of layoffs, this time in its Selling Partner Services division.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
India bans sugar exports
India, the world's second-largest sugar producer, has imposed an immediate ban on sugar exports until September 30, 2026.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.