Business News
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Market cap of India's top 7 firms plunges ₹1.54L crore
The combined market capitalization of seven out of India's top 10 most valuable companies fell by ₹1.54 lakh crore last week.
Snap alums launch an investment fund to back AI start-ups
A group of 20 Snap alumni have launched a new investment fund called Ghost Angels.
Government reintroduces windfall tax on fuel exports
The Indian government has reintroduced windfall tax rates on fuel exports, effective from June 1, 2026.
Reliance, NLC explore new project to boost domestic gas supply
NLC India and Reliance Industries have teamed up to explore an underground lignite gasification project in Gujarat.
These 2 IPOs shall open for subscription next week
India's primary market is gearing up for an active week with two public issues, CMR Green Technologies and Hexagon Nutrition, set to open for subscription.
No customs duty on cotton imports till October 31
The Indian government has announced a five-month exemption from customs duty on cotton imports, effective from June 1.
Patanjali Foods' Q4 net profit up 46% YoY to ₹524cr
Patanjali Foods has announced a whopping 46% jump in its consolidated net profit for the March quarter, owing to strong sales of cooking oils and other food items.
Modi government lowers excise duty on petrol, diesel, ATF exports
The Indian government has announced a reduction in the Special Additional Excise Duty (SAED) on exports of diesel, petrol and aviation turbine fuel (ATF).
Uttar Pradesh: Electricity bills to increase by 10% from June
The Uttar Pradesh Power Corporation Limited has announced a 10% increase in electricity bills, effective from June.
India-US trade deal 99% complete, may be signed within weeks
Sergio Gor, the US Ambassador to India, has said that an interim trade deal between the two countries is at the "last 1%."
SpiceJet slapped with ₹125cr GST demand, registration may be canceled
The Goods and Services Tax (GST) Department has issued a tax demand of ₹124.65 crore to budget airline SpiceJet.
Rockstar Games developers form first-ever union
In a historic move, employees at Rockstar Games have announced the formation of their first-ever labor union.
Finance Ministry warns of inflation risks from rising energy prices
India's economy is showing "cautious resilience" amid global uncertainties, but rising energy prices and a potentially weak monsoon could pose inflation risks.
Urgent need to boost semiconductor manufacturing in India: NITI Aayog
NITI Aayog has called for a major push toward self-reliant semiconductor manufacturing in India.
US seizes nearly $1B in Iranian crypto assets
The US has seized nearly $1 billion in Iranian cryptocurrency assets as part of "Operation Economic Fury," US Treasury Secretary Scott Bessent announced.
India becomes 3rd-largest market for Schengen visas
India has emerged as the third-largest market for Schengen visas, with 1.15 million applications in 2025.
Which Schengen countries rejected most visa applications from India (2025)
In 2025, over 181,000 Schengen visa applications from India were rejected, according to data released by the European Commission. This translates to a non-issuance rate of 15.8%.
Foreign investors pull out ₹33,000cr from Indian equities in May
Foreign Portfolio Investors (FPIs) continued their selling spree in Indian equities throughout May 2026, with net outflows of ₹32,963 crore.
Infosys CEO's annual pay rises 2.5% to $8.7M
Infosys CEO Salil Parekh's annual compensation has increased by 2.5% to ₹826 million ($8.69 million) for the fiscal year 2026, as per the company's annual report.
CBI files first chargesheet against Reliance Communications, 15 others
The Central Bureau of Investigation (CBI) has filed its first chargesheet against Reliance Communications Limited and 15 other accused.
IndiGo to raise ticket prices as jet fuel costs soar
IndiGo has announced that it will pass the recent increase in jet fuel prices on to its customers.
SpaceX lands $6.5B in defense contracts as IPO nears
SpaceX has been awarded two major contracts by the US Space Force.
India to add over $2 trillion in wealth by 2030
India is expected to add more than $2 trillion in financial wealth by 2030, a Boston Consulting Group (BCG) Global Wealth Report 2026 has said.
Ola Electric's stock rises 93% since March: What's driving it?
Ola Electric's stock has witnessed a massive surge, rising by 93% since March.
CNN sues Perplexity AI over copyright infringement
CNN has sued artificial intelligence firm Perplexity for allegedly stealing and distributing its content without permission.
Why Airtel's 5G priority postpaid plan is under TRAI scanner
The Telecom Regulatory Authority of India (TRAI) has questioned Bharti Airtel's 5G Priority Postpaid service, a move that has raised net neutrality concerns.
IMD to set up weather station at Noida International Airport
The India Meteorological Department (IMD) will set up a dedicated weather monitoring station at the upcoming Noida International Airport in Jewar.
Why Sensex crashed 1,100 points today
India's benchmark stock market indices, the Sensex and Nifty, witnessed a major crash on Thursday.
Gig workers to get pensions, insurance, and healthcare
The Indian government is set to introduce social security benefits for gig and platform workers.
Vedanta shares hit record high after credit rating upgrade
Vedanta's share price has surged to a new all-time high, following an upgrade in its credit rating by ICRA, a Moody's affiliate.
This start-up offers free apartment cleaning for users' data
A New York-based start-up, Shift, is offering free apartment cleaning services in exchange for data collected inside people's homes.
Why Coffee Day shares surged 20% today
Shares of Coffee Day Enterprises, the parent company of Cafe Coffee Day (CCD), hit the 20% upper circuit limit today to reach ₹34.78 on Nifty.
Google ordered to pay ₹30L as Hindware wins trademark case
In a landmark ruling, the Delhi High Court has ruled that Google infringed Hindware's trademark rights by allowing rival companies to bid on its registered trademark "HINDWARE" through its Google Ads platform.
What are varnished banknotes and why is RBI introducing them?
The Reserve Bank of India (RBI) is planning to introduce varnished banknotes with enhanced security and durability features as cash circulation in the economy continues to remain strong.
From June 1, these financial changes may affect you
A series of regulatory changes across taxation, banking, and clean energy sectors are set to come into effect in June.
Oil may hit $160 as inventories near record lows
Exxon Mobil, a leading US energy company, has warned of a potential spike in global oil prices.
Who is Hemant Taneja, Delhi-born billionaire betting big on Anthropic?
Indian-origin investor Hemant Taneja has made a record investment in Anthropic, a leading player in the artificial intelligence (AI) space. The move comes as Anthropic recently surpassed OpenAI in valuation.
India, Canada launch trade, investment forum to boost economic ties
India and Canada have launched a new trade and investment forum to strengthen their economic partnership.
Piyush Goyal meets US industry leaders, discusses bilateral trade ties
Union Minister of Commerce and Industry, Piyush Goyal, met over 50 leading business and industry leaders in New York City.
Oil prices dip as US-Iran ceasefire talks progress
Oil prices have fallen slightly after the US and Iran tentatively agreed to extend a truce by 60 days.