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India's forex reserves fall by $8.09B to $688.894B
India's foreign exchange reserves have witnessed a major decline, falling by $8.094 billion to settle at $688.894 billion for the week ending May 15, data from the Reserve Bank of India (RBI) revealed.
Adani pays ₹6,000cr to lenders of Jaiprakash Associates
Adani Group has paid ₹6,000 crore to the lenders of Jaiprakash Associates. The payment is the first installment of a larger ₹14,535 crore resolution plan.
Why NRIs pulled out $2B from Indian banks in March
The Indian diaspora withdrew almost $2 billion from local banks in March, according to data from the Reserve Bank of India (RBI).
Indians remitted $2.59B overseas in March, says RBI
Indians had remitted $2.59 billion overseas in March 2026 under the Reserve Bank of India's (RBI) Liberalized Remittance Scheme (LRS).
Indian Oil Corporation denies reports of fuel shortage
Indian Oil Corporation (IOC), the largest oil company in India, has denied reports of a nationwide fuel shortage.
Apple takes Epic Games to court over commissions again
Apple has challenged a ruling in its ongoing legal battle with Epic Games over App Store commissions.
Anthropic poised to become the world's most valuable AI start-up
Anthropic, an artificial intelligence (AI) start-up founded in 2021 by former OpenAI employees, is on the verge of raising over $30 billion in its latest funding round.
CCI closes case against 12 Delhi hospitals after decade-long probe
The Competition Commission of India (CCI) has closed a decade-old case against 12 hospitals in Delhi, including Max Super Specialty Hospital and Fortis Escorts Institute.
Kevin Warsh sworn in as new Fed chair
Kevin Warsh has officially taken the oath of office as the new chairman of the US Federal Reserve.
Rupee at record low boosts UAE dirham remittances to India
The Indian rupee has hit a new low against the UAE dirham, prompting a surge in remittances from Indian expatriates in the Gulf region.
RBI transfers record ₹2.87 lakh crore surplus to government
The Reserve Bank of India (RBI) has announced a record surplus transfer of ₹2.87 lakh crore to the central government for the fiscal year 2025-26 (FY26).
Rupee slump forces India to rethink import strategy
Union Minister Piyush Goyal has said that the Indian government is keeping a close eye on the rapidly depreciating rupee against the US dollar.
Pixxel seeks $100M funding after Deepinder Goyal opts out
Pixxel, a Bengaluru-based space tech start-up, is in talks to raise between $80 million and $100 million in its latest funding round.
Steel Ministry seeks removal of anti-dumping duty on met coke
India's Ministry of Steel has requested the Finance Ministry to remove anti-dumping duties on low-ash metallurgical coke imports.
SEBI issues temporary WFH advisory, postpones non-essential events
The Securities and Exchange Board of India (SEBI) has issued a temporary administrative advisory, allowing work-from-home for its employees, according to Moneycontrol.
Samsung averts strike with deal offering an average $338,000 bonus
Samsung Electronics has averted a planned 18-day strike by reaching a tentative agreement with labor unions.
Gaming studio Bungie to fire staff amid 'Destiny 2' shutdown
Bungie, the studio behind the popular Destiny franchise, is reportedly planning a round of layoffs.
US states urge judge to break up Live Nation, Ticketmaster
A coalition of 33 US states and the District of Columbia has filed a motion in the Southern District of New York, calling for the breakup of Ticketmaster and its parent company, Live Nation.
IMAX in early-stage talks for potential sale
IMAX, the giant behind the big-screen experience, is in early-stage talks with potential buyers, according to The Wall Street Journal.
Oil prices rise as US-Iran talks remain uncertain
Oil prices have resumed their upward trend after a three-day slump, amid uncertainty over the US-Iran peace deal negotiations.
Meta settles lawsuit over social media addiction in children
Meta, the parent company of Facebook and Instagram, has settled a major lawsuit with the Breathitt County School District in Kentucky.
RBI may transfer ₹2.9-3.2 trillion surplus to government
The Reserve Bank of India (RBI) is set to make a record surplus transfer to the central government for the current fiscal year.
This Indian-origin Musk ally could make $92B from SpaceX IPO
Antonio Gracias, an Indian-origin investor and close associate of Elon Musk, stands to gain a massive windfall from SpaceX's upcoming IPO.
X fined in Australia for not complying with child-safety measures
Elon Musk's social media platform, X Corp, has been fined A$650,000 (nearly $463,063) by an Australian court.
WeWork India shares surge 20% after strong Q4 results
WeWork India Management Ltd's shares hit the upper circuit limit of 20% on Thursday, following a stellar performance in its fourth quarter (Q4) earnings.
What Meta is offering thousands of laid-off employees
Meta Platforms has started laying off around 8,000 employees globally. The move is part of a larger organizational restructuring aimed at improving efficiency and reallocating resources.
SpiceJet faces fresh legal trouble, lessor seeks $8M dues enforcement
Cash-strapped airline SpiceJet is facing another legal challenge.
SpaceXAI is hiring! Musk says no prior AI experience needed
Elon Musk's SpaceX is on a new hiring spree for its artificial intelligence (AI) division, dubbed "SpaceXAI."
What drove India's wholesale inflation to a 42-month high
India's wholesale inflation has hit a 42-month high, soaring to 8.3% in April from March's 3.88%.
JPMorgan to hire more AI specialists, fewer bankers
Jamie Dimon, the CEO of JPMorgan Chase, has announced that the company will be hiring more artificial intelligence (AI) specialists. This comes as a shift from traditional banking roles.
RBI considers interest rate hike to stabilize rupee
The Reserve Bank of India (RBI) is weighing all possible measures to stabilize the Indian rupee, including an interest rate hike and currency swaps.
RBI considers rate hike as rupee hits new low
The Reserve Bank of India (RBI) is exploring various measures to stabilize the rupee, including an interest rate hike.
India IPO market set for revival in second half: Citigroup
Citigroup has predicted a revival in India's initial public offering (IPO) market in the second half of 2026.
350 jobs at risk in Ireland as Meta plans layoffs
Meta, the parent company of Facebook, Instagram, and WhatsApp, has announced plans to cut about 10% of its workforce.
Indian-origin Microsoft veteran Soma Somasegar (59) dies
Soma Somasegar, a highly respected Indian-origin technology executive and former Microsoft executive, has died at the age of 59.
OpenAI could go public by September
OpenAI, the company behind the popular ChatGPT chatbot, is gearing up for an initial public offering (IPO) in the coming weeks, according to The New York Times.
Publishers win $19.5M judgment in piracy lawsuit against shadow library
A coalition of 13 major publishers has won a massive $19.5 million judgment against the controversial shadow library, Anna's Archive.
India's private sector growth slows in May
India's private sector activity witnessed a slowdown in May, with the HSBC India Composite Purchasing Managers' Index (PMI) easing to 58.1 from April's 58.2.
NVIDIA hits record revenue, announces $80B buyback plan
NVIDIA has reported a record-breaking revenue of $81.6 billion for the quarter ending April 26, marking a 20% increase from the previous quarter.
Anthropic on track for 1st-ever profitable quarter
Anthropic, the AI start-up that has been making waves in the industry, is on track to achieve its first-ever profitable quarter, according to The Wall Street Journal.