Business News
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Musk's SpaceX lowers IPO valuation
SpaceX, Elon Musk's rocket and artificial intelligence company, has revised its initial public offering (IPO) valuation target to at least $1.8 trillion.
How fly led to Japan banning Indian mangoes after 20yrs
Japan has suspended fresh mango imports from India for the 2026 season over pest treatment concerns at an Indian facility.
Why LIC shares are down 50% today
Life Insurance Corporation of India (LIC) witnessed a massive drop in its share price, falling by nearly 50% in early trade on Friday.
Anthropic nears $1 trillion valuation ahead of IPO
Artificial intelligence (AI) company Anthropic has raised a whopping $65 billion in its latest funding round.
Samsung's breakthrough AI memory chips send shares soaring
Samsung Electronics has announced the global shipment of samples of its latest high-bandwidth memory (HBM) chip, a move that has sent the company's stock soaring by as much as 6.5%.
Samsung pay war escalates as union drags company to court
A minority labor union at Samsung Electronics is all set to contest a recent pay deal in court.
SpaceX, OpenAI IPOs could spark US investment wave in India
The upcoming mega-IPOs of SpaceX, OpenAI, and Anthropic are likely to spark a wave of retail investment from India into US equities.
Why Japan has suspended Indian mango imports
Japan has suspended the import of Indian mangoes for the 2026 season, following an inspection in March.
How much PF savings can you withdraw using UPI
The Employees' Provident Fund Organisation (EPFO) is gearing up to make it easier for subscribers to access their provident fund savings.
Ace investor Vijay Kedia wants LTCG tax on equities scrapped
Veteran investor Vijay Kedia has urged Finance Minister Nirmala Sitharaman to abolish the long-term capital gains (LTCG) tax on listed equities.
Vedanta plans $20B capex as demerged firms prepare for listing
Anil Agarwal, the chairman of Vedanta Group, has announced that all four demerged entities of the company will be listed independently within a month.
OpenAI Foundation commits $250M to tackle AI-driven job disruption
The OpenAI Foundation has announced a major investment of $250 million to help workers and economies deal with the disruption caused by artificial intelligence (AI).
Trump sues WSJ for $10B over Epstein report
US President Donald Trump has refiled a defamation lawsuit against the Wall Street Journal (WSJ) for at least $10 billion.
Microsoft inks $9.7B software deal with US military
The US Department of Defense (DoD) has signed a five-year, $9.69 billion contract with tech giant Microsoft.
Boeing is ramping up 737 Max production again
Boeing has received the green light from the Federal Aviation Administration (FAA) to ramp up its production of 737 Max jets.
Australia sues 3M over 'forever chemicals' contamination in firefighting foam
The Australian government has filed a lawsuit against multinational conglomerate 3M, seeking damages of over $2 billion.
Bitcoin hits 5-week low
Bitcoin, the world's largest cryptocurrency, has hit its lowest level since April 20.
Gift Nifty crashes 2%, signaling bloodbath at Dalal Street tomorrow
The Indian stock market is likely to open significantly lower on Friday, with the Gift Nifty 50 index futures plummeting by 1.7% to 23,580.
NVIDIA CEO to join advisory board of China's top university
NVIDIA CEO Jensen Huang has accepted an invitation to join the advisory board of Tsinghua University's School of Economics and Management (SEM).
Ather Energy enters insurance business with new subsidiary
Ather Energy, a leading electric two-wheeler manufacturer, has announced its foray into the insurance sector. The company has formed a wholly-owned subsidiary called Ather Insurance Limited.
Gold hits 2-month low as US-Iran tensions escalate
Gold prices have hit a two-month low on Thursday, due to fresh US attacks on Iran.
Meta to lay off 1,400 employees in Washington
Meta, the parent company of Facebook, is all set to lay off nearly 1,400 employees across Washington state.
Oil prices rebound as US-Iran tensions escalate
Oil prices have rebounded sharply after a more than 5% drop on Wednesday.
Hong Kong is now world's biggest cross-border wealth hub
Hong Kong has surpassed Switzerland to become the world's largest cross-border wealth hub, according to a Boston Consulting Group (BCG) report.
Air India Express offering up to 50% off on fares
Air India Express has launched a major sale, dubbed 'Xpress Sale,' offering up to 50% off on Lite and Value fares.
Indian competition watchdog's ₹202cr fine on Amazon quashed by SC
The Supreme Court has overturned the Competition Commission of India's ₹202 crore fine on Amazon.
SC upholds retrospective 28% GST on online gaming in India
The Supreme Court has upheld the Indian government's decision to impose a retrospective Goods and Services Tax (GST) of 28% on online gaming companies.
How Byju Raveendran lost a $22B empire
Byju Raveendran, the founder of India's largest edtech company BYJU'S, has been sentenced to six months in prison by a Singapore court.
Jio launches OTT pass with 15 services for ₹200
Reliance Jio has launched a new prepaid add-on plan, the OTT Pass, for ₹200.
HDFC Bank denies offering differential interest rates on deposits
HDFC Bank has refuted allegations of misconduct in its internal audit and governance processes.
Zee Entertainment shares surge after FIFA World Cup broadcast bid
Shares of Zee Entertainment Enterprises surged nearly 12% to ₹92.41 today.
Vande Bharat trains might soon ply in Bangladesh, Nepal, Africa
India is looking to export its flagship Vande Bharat trains to other countries, especially those with aging railway systems.
Liquor giant Pernod Ricard facing tax evasion probe in India
India's customs authorities are investigating French liquor giant Pernod Ricard over alleged tax evasion.
Adani Power now has higher market cap than Infosys
Adani Power has overtaken IT giant Infosys in terms of market capitalization.
SBI Funds Management to launch its ₹13,000cr IPO by July
SBI Funds Management, India's largest asset manager, is gearing up for an initial public offering (IPO) to raise around ₹13,000 crore.
Air India cuts domestic flights from June
Air India has announced a temporary reduction in its domestic flight operations from June to August 2026.
NVIDIA to invest $150B annually in world's AI epicenter
NVIDIA, the world's most valuable company, has announced its plan to invest a whopping $150 billion annually in Taiwan.
Micron becomes latest chipmaker to hit $1 trillion valuation
Micron Technology Inc. has become the latest chipmaker to hit a market capitalization of over $1 trillion.
SpaceX wins $2.3B satellite communication contract from US Space Force
The US Space Force has awarded a massive $2.29 billion contract to SpaceX.
Samsung to spend $1.5B on semiconductor testing plant in Vietnam
Samsung Electronics plans to invest $1.5 billion in Vietnam to establish a semiconductor testing plant.