Business News
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Zepto to file IPO papers next week, seeks $1B
Zepto, a leading quick commerce start-up, is gearing up to file its updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) early next week, according to media reports.
Reliance Infra seeks review of surveillance norms for IBC firms
Reliance Infrastructure has urged the Securities and Exchange Board of India (SEBI), National Stock Exchange (NSE), and Bombay Stock Exchange (BSE) to review the surveillance framework for companies involved in Insolvency and Bankruptcy Code (IBC) cases.
Saudi Arabia eases property ownership rules for non-resident foreign firms
Saudi Arabia has announced new guidelines for non-resident foreign companies looking to own property in the Kingdom without having to set up or conduct economic activities.
Finnair in talks with SpaceX, Amazon for inflight Wi-Fi
Finnair, the flag carrier of Finland, is in talks with SpaceX's Starlink and Amazon's Leo to provide inflight Wi-Fi services on its planes.
India to drive nearly half of global oil demand growth
Igor Sechin, the CEO of Russian oil giant Rosneft, has predicted that India will account for nearly half of the global increase in oil demand over the next decade.
LG Chairman grills dinner for NVIDIA CEO in viral video
A casual dinner between some of the biggest names in global technology has gone viral.
Nestle India's royalty payment to parent company jumps 14%
Nestle India has reported a whopping 14.2% increase in its sales revenue for the fiscal year ending March 2026. The company's revenue surged to ₹23,071.46 crore during this period.
India's GDP growth may slow to 6.5% in FY27
India's economic growth is expected to slow down to around 6.5% in the fiscal year 2027 (FY27), according to research reports from brokerage firms Dolat Capital and ICICI Global Markets.
AI now top reason for layoffs in US
A recent report by Challenger, Gray & Christmas has revealed that artificial intelligence (AI) is the top reason for job cuts in the US this year.
Trump administration weighs taking stake in OpenAI
The Trump administration is reportedly considering an equity stake in OpenAI, the leading artificial intelligence (AI) company co-founded by billionaire Sam Altman.
Who's Sriram Krishnan? Trump's Indian-origin AI adviser leaving White House
Sriram Krishnan, a prominent Indian-American tech executive and venture capitalist, has announced his decision to step down from his role as the Senior White House Policy Advisor on Artificial Intelligence (AI).
Health insurance claim denied? Insurers now have to explain why
The Insurance Regulatory and Development Authority of India (IRDAI) has mandated insurers to provide detailed explanations for rejecting health insurance claims.
Why EU plans to lower taxes on clean energy
The European Union (EU) is preparing to unveil a new regulation next month, aimed at reducing taxes on renewable energy and enhancing the flexibility of electricity systems.
Airlines facing bankruptcies and mergers due to Middle East war
The escalating conflict in the Middle East is expected to increase the risk of airline bankruptcies and lead to further consolidation in the industry, according to Willie Walsh, Director General of the International Air Transport Association (IATA).
CBI conducts raids in ₹661cr Haryana bank fraud case
The Central Bureau of Investigation (CBI) has conducted raids at six locations in Chandigarh, Panchkula, and Delhi-NCR.
CBSE retains COEMPT for answer sheet scanning amid evaluation concerns
The Central Board of Secondary Education (CBSE) has decided to continue its partnership with Hyderabad-based COEMPT Eduteck for scanning answer sheets.
Zee Entertainment board to consider fundraising proposal next week
Zee Entertainment Enterprises Limited (ZEEL) has announced that its Board of Directors will meet on June 10, 2026.
IDFC Bank's Chandigarh fraud was an isolated incident: KPMG
A forensic review by KPMG has confirmed that the ₹646 crore fraud at IDFC First Bank's Chandigarh branch was an isolated incident.
Edible oil will now be sold in standard pack sizes
The Indian government has reintroduced standard pack sizes for major edible oils.
You can soon catch a Scandinavian Airlines flight from India
Scandinavian Airlines (SAS) has announced its intention to start operations in India.
When will EPFO's 8.25% interest reflect in your account?
The Employees' Provident Fund Organisation (EPFO) has announced an interest rate of 8.25% for the financial year 2025-26.
Gautam Adani is Asia's richest person again
Industrialist Gautam Adani has reclaimed his spot as Asia's richest person after a surge in the shares of his conglomerate, the Adani Group.
Why RBI has imposed ₹41.8L fine on Canara Bank
The Reserve Bank of India (RBI) has imposed a penalty of ₹41.8 lakh on Canara Bank for violating Know Your Customer (KYC) norms and account classification errors.
SBI Mutual Fund buys Adani Group stocks worth ₹5,747cr
SBI Mutual Fund has acquired stakes in two major companies of the Adani Group, namely Adani Enterprises and Adani Energy Solutions.
8th Pay Commission: Fitment factors, salaries likely to rise significantly
The 8th Pay Commission, set up by Prime Minister Narendra Modi last year, is currently conducting multiple state visits and meetings with employee representative groups, unions and stakeholders.
Chinese memory chip makers emerging as rivals to global giants
Chinese memory chip manufacturers are emerging as formidable competitors to global semiconductor giants, according to Jefferies's latest GREED & fear report.
Meta explores stock sale to help fund growing AI ambitions
Meta, the parent company of Facebook and Instagram, is considering a major stock sale to raise funds for its artificial intelligence (AI) initiatives.
Ixigo to acquire majority stake in hotel booking start-up Brevistay
Le Travenues Technology, the parent company of online travel platform Ixigo, has approved the acquisition of a 54.66% stake in hotel booking start-up Brevistay Hospitality for ₹65.69 crore.
Apollo, Blackstone secure $35B debt package for Anthropic
Apollo Global Management and Blackstone have secured a massive $35 billion financing package for Anthropic PBC. The move is aimed at bolstering Anthropic's artificial intelligence (AI) infrastructure.
RBI appoints Sahamati as self-regulatory body for Account Aggregator ecosystem
The Reserve Bank of India (RBI) has appointed Sahamati as the Self-Regulatory Organisation (SRO) for India's Account Aggregator (AA) ecosystem.
Reid Hoffman exits Microsoft board to focus on AI start-up
Reid Hoffman, the co-founder of LinkedIn and a prominent venture capitalist, is leaving Microsoft's board of directors.
IBM allegedly covered up major data breaches, lawsuit claims
William Barlow, a former vice president of threat intelligence at IBM, has accused the tech giant of covering up three major data breaches in the last decade.
Gold sees biggest fall in 2 months: What's the reason?
Gold prices have witnessed their biggest fall in over two months, falling as much as 3.4%.
EU might force firms to have at least 3 suppliers
The European Commission is considering new legislation aimed at reducing dependence on single suppliers, especially from China.
Amid AI boom, chipmaker Marvell to join S&P 500 index
Marvell Technology, a leading semiconductor company, will be joining the S&P 500 index later this month.
Bitcoin drops below $60,000 mark: Here we decode why
Bitcoin, the world's largest cryptocurrency, has fallen below the $60,000 mark for the first time since October 2024.
'Just a number': PM's economic adviser downplays rupee-at-100 panic
Shamika Ravi, a member of the Economic Advisory Council to Prime Minister Narendra Modi, has downplayed fears of the Indian rupee falling to 100 against the US dollar.
India's GDP growth slows to 7.8% in Q4
India's economy grew by 7.8% in the fourth quarter (Q4) of the fiscal year 2026, down from the previous quarter's growth rate of 8%.
RBI says ready for Anthropic's Mythos AI rollout
The Reserve Bank of India (RBI) has announced its readiness to handle Anthropic's latest advanced artificial intelligence (AI) model, Mythos.
RBI takes major steps to boost rupee, attract foreign capital
The Reserve Bank of India (RBI) has announced five major measures to attract foreign capital and bolster the Indian rupee.