Business News
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Centre raises spending powers of military chiefs
In a major move, the Indian government has increased the financial powers of military commanders and service chiefs.
Tata Sons IPO uncertain as RBI reviews upper-layer NBFC list
The initial public offering (IPO) of Tata Sons remains uncertain as Reserve Bank of India (RBI) Governor Sanjay Malhotra has announced plans to revise the list of upper-layer non-banking financial companies (NBFCs).
India considers easing bilateral investment rules to attract more investors
In a bid to attract more foreign investment, the Indian government is considering changes to its bilateral investment treaty (BIT) framework.
RBI lowers GDP growth forecast for FY27 to 6.6%
The Reserve Bank of India (RBI) has revised its GDP growth forecast for the fiscal year 2026-27 (FY27) from 6.9% to 6.6%.
Google lays off employees in cloud and cybersecurity divisions
Google has laid off employees from its Cloud division and key cyber teams. The move comes as part of the ongoing tech sector layoffs as companies balance AI spending with headcount.
RBI eases investment norms for foreign investors to boost participation
The Reserve Bank of India (RBI) has announced a major policy change, removing concentration limits under the General Route for Foreign Portfolio Investors (FPIs).
Apple App Store generated $1.4 trillion in developer sales, billings
Apple has announced that its App Store generated over $1.4 trillion in developer billings and sales in 2025, a slight increase from the $1.3 trillion reported last year.
India exempts foreign investors from tax on government securities
The Indian government has issued the Income-tax (Amendment) Ordinance, 2026, offering tax relief to foreign institutional investors (FIIs) on interest income and capital gains from investments in government securities.
RBI pauses rate cuts: What it means for borrowers, savers
The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 5.25% for the second consecutive policy meeting.
India's forex reserves remain above $680B: RBI Governor
India's foreign exchange reserves stood at a robust $682.3 billion on May 29, RBI Governor Sanjay Malhotra announced during the Monetary Policy Committee meeting on Friday.
RBI raises inflation forecast for FY27 to 5.1%
The Reserve Bank of India (RBI) has revised its inflation forecast for the fiscal year 2026-27, projecting consumer price inflation (CPI) at 5.1%.
RBI raises investment limits for NRIs in Indian equities
The Reserve Bank of India (RBI) has raised the investment limits for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) in equity instruments on stock exchanges.
RBI's repo rate pause keeps home loan EMIs unchanged
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.25%.
RBI holds repo rate at 5.25% for 3rd consecutive time
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has kept the benchmark repo rate steady at 5.25% in its June review.
PwC finds ₹2,200cr hole in IndusInd treasury accounts
A confidential review by PricewaterhouseCoopers (PwC) has flagged serious accounting lapses in IndusInd Bank's treasury operations.
Why crypto bros are dumping Bitcoin
Bitcoin is facing a major sell-off at the start of June, with the cryptocurrency down 13% this week.
'Dawood's assassination attempts, son's kidnapping': Lalit Modi on quitting cricket
Former Indian Premier League (IPL) commissioner and chairman, Lalit Modi, has revealed the reasons behind his exit from the sport.
Indian IT firms tap GCCs for AI deals
India's leading IT services companies, including Infosys, Cognizant, HCLTech and Hexaware Technologies are focusing on Global Capability Centers (GCC) to meet the growing demand for artificial intelligence (AI) solutions.
Rajesh Exports' ₹15 trillion discrepancy: Fraud or accounting error?
The Securities and Exchange Board of India (SEBI) has launched an investigation into Rajesh Exports, a leading gold exporter.
Carlsberg India takes step toward IPO with public company status
Carlsberg India is gearing up for a possible stock market listing.
SoftBank slides 11%, biggest drop in months
SoftBank Group Corp's shares have taken a major hit, falling over 11% on Thursday.
MS Dhoni-backed Kuku files for ₹3,500cr IPO
Kuku Technologies Ltd, which operates popular vernacular audio platform Kuku FM and short-video streaming app Kuku TV, has filed confidential draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
Why India may cut tax on foreign bond investors
The Indian government is considering removing or slashing the 20% withholding tax on interest income from government bonds for foreign investors.
Meta appoints former Epic Games executive to lead metaverse projects
Meta's Reality Labs, the division responsible for its metaverse products, has seen a major leadership change.
FIIs continue financial stock selloff, offload ₹23,141cr in May
Foreign institutional investors (FIIs) have continued their selling spree in Indian financial services stocks for the third consecutive month. In May, they offloaded shares worth ₹23,141 crore.
Why Trent shares suddenly dropped 33% today
Shares of Tata Group's retail venture, Trent Ltd., witnessed a steep decline of over 33% today. The drop came after the company's stock traded ex-bonus for its recently announced bonus issue.
Quick-commerce start-up FirstClub doubles valuation to $255M
FirstClub, a Bengaluru-based start-up, has raised $55 million in a Series B funding round led by Peak XV Partners and Sofina.
IKEA opens development center in India, its 4th globally
IKEA, the world's largest furniture and home products retailer, has opened a new product development center in India.
Uber lays off 23% of its HR workforce
Uber has announced a major restructuring in its People and Places division, resulting in a significant workforce reduction.
25% of Rajesh Exports is owned by LIC, foreign investors
The Life Insurance Corporation of India (LIC), the country's largest institutional investor and policyholder trust, owns some 10.8% of Rajesh Exports.
Rajesh Exports shares crash after SEBI flags ₹15L crore discrepancy
Rajesh Exports Ltd's shares have hit a lower circuit at ₹103.92 (down 5%) after the Securities and Exchange Board of India (SEBI) barred the company and its promoter Rajesh Mehta from the securities market.
Alphabet's $85B stock sale highlights relentless investor demand for AI
Google's parent company, Alphabet, has raised a whopping $45 billion through an oversubscribed stock sale, with another $40 billion planned for next quarter.
India plans tax relief for foreign investors to boost inflows
The Indian government is planning to waive capital gains tax for foreign portfolio investors (FPIs) investing in government securities.
GitLab cuts 14% of workforce as focus shifts to AI
GitLab, a leading web-based software development platform, has announced the layoff of some 14% of its workforce.
IndiGo has suspended flights to Kuwait
India's largest low-cost carrier, IndiGo, has announced the suspension of its flight operations to and from Kuwait. The decision comes in light of the ongoing closure of Kuwait's airspace.
Over 300,000 TCS, Infosys, Wipro employees using Microsoft 365 Copilot
India's top three IT services companies: Tata Consultancy Services (TCS), Infosys, and Wipro have adopted Microsoft 365 Copilot for over 100,000 employees each.
These 2 firms now hold majority stake in Rapido
Rapido, a leading Indian ride-hailing platform, has raised $240 million in a funding round led by Prosus.
Amazon tops Fortune 500, ending Walmart's 13-year reign
Amazon has dethroned Walmart to become the number one company on the Fortune 500 list, ending a 13-year reign for the retail giant.
Man behind TikTok surpasses Mukesh Ambani as Asia's 2nd-richest person
Zhang Yiming, the co-founder of ByteDance, has surpassed Mukesh Ambani to become Asia's second-richest person.
Modi government readies $4B stimulus to boost economy
The Union Cabinet has approved a ₹39,290 crore ($4 billion) package of projects and initiatives aimed at stabilizing aviation fuel prices, reforming urban transport, and developing national highway infrastructure.