Business News
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Oil prices hit 2-month low on hopes of US-Iran deal
Oil prices have plummeted to a two-month low, following US President Donald Trump's announcement of a potential peace deal with Iran.
US wholesale inflation hits 6.5%, highest since 2022
US wholesale inflation has surged to its highest level since November 2022, mainly due to rising energy costs amid the ongoing Iran war.
India to remain fastest-growing major economy in FY27: World Bank
India is set to remain the world's fastest-growing major economy, with a growth rate of 6.6% in the fiscal year 2026-27, a sharp decline from last year's 7.7%, according to a World Bank report.
India hikes cancer drug prices by 50% amid shortages
India's National Pharmaceutical Pricing Authority (NPPA) has approved a 50% price hike for two critical anti-cancer drugs - carboplatin and cisplatin.
Jeff Bezos's AI start-up raises $12B at $41B valuation
Prometheus, a physical artificial intelligence (AI) start-up co-founded by Jeff Bezos and Vik Bajaj, has raised $12 billion in its second funding round.
Musk set to become world's 1st trillionaire after SpaceX IPO
Elon Musk, the tech mogul behind Tesla and SpaceX, is on the verge of becoming the world's first trillionaire.
Sensex gains nearly 1,000 points amid US-Iran peace hopes
India's benchmark indices witnessed a major surge in early trade on Friday. The BSE Sensex soared by nearly 1,000 points while the NSE Nifty 50 breached the 23,450 mark.
ECB raises interest rates for first time since 2023
The European Central Bank (ECB) has raised its benchmark interest rate by a quarter point to 2.25%.
South Korea's Kospi index surges 8% on US-Iran peace hopes
South Korea's benchmark Kospi Index has witnessed a massive surge of 8% in early trading today.
Gold, silver prices jump up to 4%
Gold and silver prices surged on Friday, driven by persistent inflation and ongoing global tensions.
SpaceX raises record $75B in world's biggest IPO
SpaceX, Elon Musk's space and AI conglomerate, has officially priced its shares at $135 each.
US becomes India's top LNG and LPG supplier
The United States has overtaken Gulf countries to become India's top supplier of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) in May.
India, Nepal launch UPI-based cross-border remittance system
India and Nepal have launched a new cross-border remittance system, the Unified Payments Interface (UPI)-National Payments Interface (NPI).
Gold prices at 6-month low: Good time to buy?
Gold prices have plunged to a six-month low as high oil prices fuel inflation concerns and strengthen expectations of prolonged high interest rates in the US.
Airtel, Vi launch services on Mumbai Metro after months-long dispute
Telecom giants Bharti Airtel and Vodafone Idea (Vi) have launched their mobile network services on the underground sections of Mumbai Metro's Aqua Line.
Wipro's buyback offers 37% premium, but there's a catch
Wipro has launched its ₹15,000 crore share buyback program today.
Reliance, Adani join India's push to cut China rare-earth dependence
Reliance Industries, Vedanta and Adani Group are among 10 companies interested in setting up rare-earth processing plants in Andhra Pradesh, according to Reuters.
Mamaearth parent hits 52-week high, stock jumps 77%
Honasa Consumer, the parent company of popular personal care brand Mamaearth, has seen its shares hit a new 52-week high of ₹438 per share.
Anti-NVIDIA data center start-up reaches $1.5B valuation
In a major development, TensorWave, an AI-focused cloud computing start-up, has raised $350 million in its Series B funding round.
Rajesh Exports shares hit lower circuit for 6th straight session
Rajesh Exports, one of India's leading gold refiners, has seen its share price plummet by nearly 27% since the Securities and Exchange Board of India (SEBI) issued an interim order on June 3.
NCLT accepts SBI's plea to initiate Anil Ambani's personal bankruptcy
The National Company Law Tribunal (NCLT) in Mumbai has accepted a plea from the State Bank of India (SBI) to initiate personal insolvency proceedings against industrialist Anil Ambani.
TCS rethinks small-town office expansion after Nashik harassment case
Tata Consultancy Services (TCS) is rethinking its strategy to open offices in smaller towns and cities.
Jon Prosser may get another chance to fight Apple's lawsuit
Apple and Jon Prosser's attorney have jointly requested the court to vacate a default judgment entered against him last October.
Ubisoft shuts more studios, lays off employees amid ongoing restructuring
Ubisoft, the renowned video game publisher, is undergoing another round of restructuring and layoffs. The company has decided to shut down its studios in Winnipeg and Belgrade, according to The Game Business.
India's 6G push centers on homegrown tech, patent creation
The Indian government is gearing up to start talks on a roadmap for the country's transition to sixth-generation (6G) mobile communications.
Nifty IT crashes over 2%; HCL, Infosys lead fall
The Nifty IT index, a key indicator of India's information technology sector, has witnessed a major crash today.
Anthropic to provide Claude AI access to 50,000 TCS employees
Tata Consultancy Services (TCS) has announced a global strategic partnership with artificial intelligence (AI) company Anthropic.
ShinyHunters hacked Oracle servers at over 100 organizations
The notorious cybercrime group, ShinyHunters, has claimed responsibility for breaching Oracle's PeopleSoft servers at over 100 organizations. The victims include a number of universities.
Trump says he 'loves inflation' as prices hit 3-year high
US President Donald Trump has said "I love the inflation," after consumer prices surged by 4.2% in May, the highest since April 2023.
Gold prices hit 6-month low
Gold prices have plunged to a six-month low, following fresh US military strikes on Iran.
Sam Altman-backed Opendoor exits India, lays off 250 employees
US-based real estate technology company Opendoor has announced its decision to shut down operations in India. The closure will affect nearly 250 employees working for the company in the country.
Centre waives excise duty on ethanol-blended petrol
The Indian government has waived the excise duty on certain types of ethanol-blended petrol. The exemption applies to E22, E25, E27 and E30 fuel blends.
Microsoft plans major layoffs in Xbox division
Microsoft's gaming division, Xbox, is planning major layoffs and budget cuts. The move comes as part of a restructuring effort under new CEO Asha Sharma.
Bharti Airtel rebrands priority postpaid service as 'Fast Lane'
Bharti Airtel is rapidly expanding its 5G network in northern India, adding over 2,900 new sites.
Gold prices could fall by 20%: Here we decode why
Citigroup has revised its gold price forecast, cutting the three-month target from $4,300 to $4,000 per ounce.
Modi government turns 12: A look at major tax reforms
As Prime Minister Narendra Modi completes 12 years in office, several changes have been made to India's taxation laws and systems.
Zepto's Aadit Palicha to become youngest MD, CEO in India
Aadit Palicha, the co-founder of Zepto, is set to become the youngest managing director and chief executive officer (CEO) of a publicly listed company in India.
Your IndiGo flight may soon fly over Himalayas
IndiGo, India's aviation giant, is considering the option of flying over the Himalayas.
Starlink's launch in India has not been put on hold
Starlink, Elon Musk's satellite internet service, has responded to reports of its India launch being delayed due to security concerns over the Iran conflict.
Bombay HC offers Anil Ambani interim relief in tax-evasion case
The Bombay High Court has granted interim protection from prosecution and penalty to industrialist Anil Ambani in an alleged tax evasion case.