Business

IIT Kharagpur graduate Pavan Guntupalli faced seven failed startups and 75 investor rejections before launching Rapido, India’s first bike-taxi platform now worth Rs 9,350 crore. His journey from failure to leading a transport revolution is a lesson in resilience, vision and timing. When Pavan Guntupalli launched Rapido in 2015, few believed bike taxis could survive India’s crowded…

Jio BlackRock, a high-profile joint venture between Jio Financial Services and global investment giant BlackRock, has made a ₹17,800 crore debut with three debt mutual fund schemes. But beyond the big numbers, it signals a strategic push to revolutionise Indian retail investing using tech, trust, and telecom. Earlier this month, Jio BlackRock Asset Management, the 50:50 joint…

Dolly Chaiwala, the viral tea-staller, has announced the launch of his business venture, receiving a plethora of applications to purchase the franchise. Sunil Patil, also known as Dolly Chaiwala on the internet, has announced the launch of his business franchise Dolly Ki Tapri through an expensive franchise model across India. A Nagpur-based tea seller, Patil gained viral…

The announcement comes as tech giants such as Meta aggressively chase high-profile acquisitions and offer multi-million-dollar pay packages to attract top talent in the race to lead the next wave of artificial intelligence. Mark Zuckerberg said on Monday that Meta Platforms would spend hundreds of billions of dollars on computing power to build superintelligence, intensifying his pursuit…

The social media firm has slashed premium account subscription fee for mobile app by about 48 per cent to Rs 470 from Rs 900 it charged earlier on a monthly basis. Social media platform X has slashed subscription fees for account holders in India by up to 48 per cent, according to updates on its portal. The…

Tesla is set to open its first Indian showroom in Mumbai’s Bandra Kurla Complex on July 15. The Tesla India X account shared a “coming soon” post on Friday night. Tesla has signalled its imminent entry into the Indian market with a “coming soon” teaser on its newly created X (formerly Twitter) account, giving a long-awaited update…

Tesla will expand its robotaxi service to the San Francisco Bay Area “in a month or two”, depending on regulatory approvals, CEO Elon Musk said on Wednesday. Tesla last month rolled out a test of the long-promised service in a limited area of Austin, Texas, with about a dozen vehicles, a select group of passengers and many…

Complaints were lodged after Grok posted antisemitic content, including praise for Adolf Hitler. Elon Musk’s xAI removed “inappropriate” posts. Tech billionaire Elon Musk’s AI chatbot Grok is at the center of scandal after posting antisemitic remarks. Developer xAI announced on Wednesday that it was in the process of removing “inappropriate posts” by Grok on the online platform…

As Bitcoin’s market cap has crossed into the trillions, more institutional investors are entering the space. Large firms that once stayed away are now taking positions in digital assets, helping push prices higher. Bitcoin reached a fresh all-time high on Wednesday, climbing close to the $112,000 mark as demand from institutional investors and a broader appetite for…

Brazilian President Luiz Inacio Lula da Silva says that his nation would act with reciprocity. United States President Donald Trump launched his global tariff assault into overdrive on Wednesday (Jul 9), announcing a new 50 per cent tariff on US copper imports and a 50 per cent duty on goods from Brazil, both to start on Aug…

However, the government hit back at X and accused it of twisting facts and delaying unblocking the accounts of Reuters. New Delhi: Elon Musk-owned social media platform X on Tuesday expressed deep concern about “ongoing press censorship” in India, days after global news agency Reuters’ account was ‘withheld’ in the country after an order by the Narendra…

During a meeting with Anton Siluanov, Finance Minister of Russia, Sitharaman expressed gratitude for the support extended by President Vladimir Putin after the Pahalgam terror attack, the finance ministry said in a post on X. Finance Minister Nirmala Sitharaman held a series of bilateral meetings, including with Russian and Chinese counterparts, and discussed issues of bilateral cooperation…

After a 25-year presence, Microsoft has reportedly shut down its operations in Pakistan, leaving only a small liaison office. Founding country manager Jawwad Rehman called the move “more than a corporate exit,” reflecting on the deteriorating business climate that even global tech giants find unsustainable. Global software giant Microsoft has formally exited Pakistan, ending a 25-year presence…

The gain in forex reserves during week ended June 27 was led by an increase in foreign currency assets, which surge by $5.75 billion to $594.82 billion. India’s Latest Forex Reserves: India’s foreign exchange reserves rose sharply by $4.84 billion to $702.78 billion in the week ended June 27, bringing them within striking distance of the all-time-high…

Nvidia was on track to become the most valuable company in history on Thursday (Jul 2), with the chipmaker’s market capitalisation reaching US$3.92 trillion as Wall Street doubled down on optimism about artificial intelligence. Shares of the leading designer of high-end AI chips were up 2.2 per cent at US$160.60 in morning trading, giving the company a…

In terms of extant guidelines, banks and NBFCs are not permitted to levy foreclosure charges/pre-payment penalties on any floating rate term-loan sanctioned to individual borrowers with or without co-obligant(s) for purposes other than business. The RBI on Wednesday directed banks and other lenders not to levy any pre-payment charges on all floating-rate loans and advances, including for…

Meta (META.O), CEO Mark Zuckerberg has reorganized the company’s artificial intelligence efforts under a new division called Meta Superintelligence Labs, according to a source on Monday. The division will be headed by Alexandr Wang, former CEO of data labeling startup Scale AI. He will be the chief AI officer of the new initiative at the social media…

Hong Kong builder New World Development said on Monday (Jun 30) it had received commitments for a HK$88.2 billion (US$11.24 billion) loan refinancing, as the builder finalises a crucial lifeline in a distressed property market. New World’s refinancing, poised to be one of the largest ever seen in Hong Kong, concludes months of negotiations over a debt…

Oil prices edged down on Tuesday, weighed by expectations of an OPEC+ output hike in August and concerns of an economic slowdown driven by prospects of higher U.S. tariffs. Brent crude futures for September delivery fell 16 cents, or 0.24 per cent, to $66.58 a barrel by 0000 GMT. U.S. West Texas Intermediate crude declined 20 cents,…

Nvidia’s (NVDA.O),  stock hit a record high on Wednesday, and the chipmaker reclaimed the crown as the world’s most valuable company after an analyst said the chipmaker was set to ride a “Golden Wave” of artificial intelligence. Shares of the Santa Clara, California-based company rose over 4% to a record high of $154.10. The rise sent Nvidia’s…

At least 11 people were killed, including a teenager, and more wounded in a Tuesday night shooting in the central Mexican city of Irapuato, authorities said on Wednesday. The attorney general’s office in Guanajuato, the violence-plagued state where Irapuato is located, said that 20 others were hospitalized with gunshot wounds. Mexican President Claudia Sheinbaum said earlier on…

Global environmental lobby Greenpeace added its voice on Monday to protests against this week’s celebrity wedding in Venice between American tech billionaire Jeff Bezos and journalist Laura Sanchez. The event, expected to attract some 200 guests including U.S. President Donald Trump’s daughter Ivanka and son-in-law Jared Kushner, as well as scores of stars from film, fashion and…

The proposal will burn India’s foreign reserves, decrease foreign exchange inflow, and disrupt non-residents’ existing financial strategies. On May 22, 2025, the US House of Representatives passed the controversial ‘The One, Big, Beautiful Bill’. The Bill includes a significant provision levying an excise tax on every single dollar of remittance or international money transfer made by non-US…

The crash must prompt fundamental reforms—beginning with the regulator and extending to airline management—as the aviation ecosystem is structurally compromised. The Indian aviation industry is facing its biggest crisis in decades as it grapples with the devastating crash of Air India’s Boeing 787-8 Dreamliner at Ahmedabad on June 12, 2025. The London-bound AI171 went down just 36…

Tesla (TSLA.O), deployed a small group of self-driving taxis picking up paying passengers on Sunday in Austin, Texas, with CEO Elon Musk announcing the “robotaxi launch” and social-media influencers posting videos of their first rides. The event marked the first time Tesla cars without human drivers have carried paying riders, a business that Musk sees as crucial…

Around 10,000 Russian soldiers are fighting in Russia’s Kursk region, about 90 square kilometers (35 square miles) of which is controlled by Ukraine, Ukraine’s top military commander said. “We control about 90 square kilometers of territory in the Hlushkov district of the Kursk region of the Russian Federation, and these are our preemptive actions in response to…

A U.S. attack on Iranian nuclear sites could lead to a knee-jerk reaction in global markets when they reopen, sending oil prices higher and triggering a rush to safety, investors said, as they assessed how the latest escalation of tensions would ripple through the global economy. The attack, which was announced by President Donald Trump on social…

Genpact is under fire for mandating a 10-hour workday without formal HR communication or salary hikes, sparking widespread protests over burnout, surveillance, and a toxic work culture. Employees have taken to social media and Reddit to voice frustration, calling the policy exploitative and unsustainable. Global professional services giant Genpact is facing a wave of internal dissent and…

Japanese carmaker Toyota Motor Corp will raise prices of some vehicles it sells in the U.S. by more than $200 from July, Bloomberg News reported on Friday. Source : https://www.channelnewsasia.com/business/toyota-raise-us-auto-prices-more-200-july-bloomberg-news-reports-5195261

The relocation requests affect employees across several teams and could require moves to cities like Seattle, Arlington, Virginia, and Washington, DC. Amazon.com Inc. is asking some of its corporate employees to relocate closer to their managers and teams, a move that’s raising concern among staff already unsettled by past job cuts and looming fears over artificial intelligence…

India has halted premium orthodox tea exports to Iran worth Rs 100–150 crore following network disruptions and erratic connectivity in Iran, as deepening Iran–Israel conflict poses broader risks for West Asian trade routes and oil market volatility. India has suspended all shipments of premium orthodox tea to Iran amid widespread disruption triggered by the ongoing Iran–Israel conflict.…

Omnicom Media’s India chief was frustrated. It was October 5, 2023 and a rival was trying to poach the U.S. firm’s client by offering lower prices, just weeks after global advertising agencies and broadcasters struck secret pacts on ad rates in the South Asian country. The attempt to woo the client violated the agencies’ agreement, Omnicom Media’s…

Apple is interested in tapping generative artificial intelligence to help speed up the design of the custom chips at the heart of its devices, its top hardware technology executive said in private remarks last month. Johny Srouji, Apple’s senior vice president of hardware technologies, made the remarks in a speech in Belgium, where he was receiving an…

The U.S. Food and Drug Administration on Wednesday approved Gilead Sciences (GILD.O), opens new tab lenacapavir, a twice-yearly injection, for preventing HIV infection in adults and adolescents. Gilead said the drug will be sold under the brand name Yeztugo. Investors and AIDS activists had been eagerly awaiting the regulatory decision for a drug some have said could…

All new videos uploaded on Facebook will soon be classified as Reels, simplifying how users publish visual content, social media giant Meta Platforms (META.O), said on Tuesday. The Instagram parent said Reels on Facebook will no longer have length or format restrictions, and include all types of video content — short, long and live. Previously uploaded video…

When Hurricane Helene’s flood waters slammed into Lake Lure’s century-old dam last September, gouging a massive scar into one embankment and cascading five months’ worth of rain down its sides, town commissioner Dave DiOrio worried it might fail. Emergency sirens blared. “DAM FAILURE IMMINENT!” the National Weather Service warned in a social media post, urging 3,000 residents…

Home Minister Amit Shah recently declared, “Indus waters will be taken to Rajasthan’s Ganganagar through canals within three years,” adding that Pakistan would be left “craving for every drop of water.” India’s recent moves mark a significant policy shift. For decades, it did not fully utilize its rights over the western rivers due to the rivers’ natural…

A major digital overhaul is underway at UIDAI as it prepares to introduce a QR code-based e-Aadhaar system, making physical copies redundant and simplifying update procedures through integrated government databases by November 2025. The Unique Identification Authority of India (UIDAI) is gearing up to roll out a revamped e-Aadhaar system that will eliminate the need for photocopies…

Pi Coin faced a significant decline of over 35%, dropping from $0.62 to $0.40 amid rising geopolitical tensions, particularly involving Israel and Iran, leading to a wider cryptocurrency sell-off. While the price stabilised at $0.55, it remains below its peak of $1.27, and trading volumes surged by 276%. In a notable downturn, Pi Coin experienced a drastic…

President Volodymyr Zelenskiy said on Saturday that Ukrainian forces had recaptured Andriivka village in northeastern Sumy region as part of a drive to expel Russian forces from the area. Zelenskiy has in the past week focused on what he describes as a drive to push out Russian forces from the Sumy region, with border areas gripped by…

Whether you rely on AI for research, coding, or quick answers, downtime can be disruptive. Fortunately, there are powerful alternatives available that are just as good, if not better. Google Gemini, Claude, and Meta AI are all equipped to offer intelligent responses and generate media. ChatGPT faced an unexpected outage earlier this week, with many users in…

Alphabet’s (GOOGL.O), Google, the largest customer of Scale AI, plans to cut ties with Scale after news broke that rival Meta (META.O), is taking a 49% stake in the AI data-labeling startup, five sources familiar with the matter told Reuters. Google had planned to pay Scale AI about $200 million this year for the human-labeled training data that…

Gold futures in India crossed ₹1,00,000 per 10 grams on the MCX for the first time on 13 June 2025, driven by escalating Middle East tensions, a falling rupee, and robust global demand for safe-haven assets. Analysts warn of further gains as geopolitical instability deepens. Gold prices surged to a historic high on Friday as domestic futures…

Ukraine has brought home the bodies of 1,212 soldiers killed in the war with Russia, the Kyiv officials responsible for exchanging prisoners of war said on Wednesday. In Moscow, Kremlin aide Vladimir Medinsky said Ukraine for its part had returned 27 bodies of Russian soldiers. “As a result of the repatriation activities …, the bodies of 1,212…

U.S. Health Secretary Robert F. Kennedy Jr.’s dismissal of an independent panel of experts citing the goal of restoring trust in vaccines could undermine confidence in those available now, putting Americans at risk of preventable infectious diseases, public health experts and others said on Monday. Kennedy, a longtime vaccine skeptic, said in a commentary published in the…

Gautam Adani earned Rs 10.41 crore in FY25, a 12% rise from last year, yet still modest compared to several senior executives in his group. Here’s how India Inc’s top bosses stack up. Gautam Adani, India’s second-richest individual, drew a total remuneration of Rs 10.41 crore in the financial year 2024–25, according to company filings, a figure…

This 50-basis-point (0.5%) reduction is the steepest rate cut by the RBI since the emergency 75-basis-point easing in March 2020, when the economy was under severe strain due to the Covid pandemic. New Delhi: The Reserve Bank of India (RBI) on Friday cut key policy interest rates by a larger-than-expected 50 basis points, a move that will…

A Chicago-based private equity firm – controlled by a member of the family that founded American publishing company Rand McNally – has an “economic interest” in the logistics company involved in a controversial new aid distribution operation in Gaza. McNally Capital, founded in 2008 by Ward McNally, helped “support the establishment” of Safe Reach Solutions, a McNally…

Some European auto parts plants have suspended output and Mercedes-Benz is considering ways to protect against shortages of rare earths, as concerns about the damage from China’s restrictions on critical mineral exports deepen across the globe. China’s decision in April to suspend exports of a wide range of rare earths and related magnets has upended the supply…

As Artificial Intelligence sweeps across industries, American labour unions are rallying for worker protections, demanding legislation, transparency, and accountability. With lawsuits surfacing and jobs on the line, unions fear a future where human labour is displaced without recourse. Labour leaders argue that automation could erode the core of worker rights. Major American labour unions intensified their opposition…

A 17 per cent growth compared to last year is not just a statistic — it’s a testament to the rapidly evolving economic structure and the strong foundation of infrastructure development in the country. The month of May has been a historic month for India’s logistics sector and Adani Ports and Special Economic Zone Limited (APSEZ) set…

Cartier, the luxury jewellery company owned by Richemont, had its website hacked and some client data stolen, it told customers, according to an email seen by Reuters on Tuesday (Jun 3). The attack is the latest case of a company being targeted by cyber criminals, with several retailers including Marks & Spencer and Victoria’s Secret disclosing similar…

Alarm over China’s stranglehold on critical minerals grew on Tuesday as global automakers joined their U.S. counterparts to complain that restrictions by China on exports of rare earth alloys, mixtures and magnets could cause production delays and outages without a quick solution. German automakers became the latest to warn that China’s export restrictions threaten to shut down…

Satellite imagery of a Russian air base taken shortly after Ukraine carried out a drone attack deep inside Russia over the weekend shows several strategic bombers were destroyed and badly damaged, according to three open source analysts. Ukraine targeted at least four air bases across Russia using 117 unmanned aerial vehicles launched from containers close to the…

New World Screwworm, a devastating parasite that eats cattle and other wild animals alive, is traveling north from Central America to Mexico and has crept past biological barriers that kept the pest contained for decades, experts said. Washington halted cattle imports from Mexico in May, citing the insect’s spread, further into Mexico, about 700 miles from the…

Elon Musk’s Neuralink said on Monday that it had raised $650 million in its latest funding round as its brain implant device enters clinical trials. “This funding helps us bring our technology to more people — restoring independence for those with unmet medical needs and pushing the boundaries of what’s possible with brain interfaces,” Neuralink said. It…

One of the most-anticipated features of the EPFO 3.0 is the ability for EPF subscribers to withdraw funds via UPI and ATM, which could revolutionise how PF is managed and accessed. In a significant step towards enhancing funds accessibility for salaried employees, the Employees’ Provident Fund Organisation (EPFO) is likely to launch EPFO 3.0 in June 2025,…

Ford (F.N), is recalling 29,501 vehicles in the U.S. due to a detached control arm that can cause a loss of vehicle steering and control, increasing the risk of a crash, the U.S. National Highway Traffic Safety Administration said on Saturday. Source : https://www.reuters.com/business/autos-transportation/ford-recalls-more-than-29000-vehicles-us-nhtsa-says-2025-05-31/

Americans should be thankful that Elon Musk devoted his time to DOGE and shining a spotlight on government waste. Tesla shareholders have less reason to cheer. I say this not as a Musk hater, but an admirer of his brilliance and patriotism to his adopted country. Yet in announcing last week he’s totally done with the aforementioned Department…

Loretta Swit, the Emmy Award-winning actress who played no-nonsense U.S. Army combat nurse Major Margaret “Hot Lips” Houlihan in the hit TV series “M*A*S*H” for more than a decade, died on Friday at the age of 87. Swit, a mainstay of one of the most successful and acclaimed series in U.S. television history, died at her home…

IndiGo will terminate its leasing agreement with Turkish Airlines by August 31, the Directorate General of Civil Aviation said on Friday, amid rising concerns over Turkey’s recent political stance backing Pakistan. The decision comes after the airline was granted a final three-month extension to avoid disruption in passenger services. Currently, IndiGo operates two Boeing 777-300ER aircraft on…

Two days after the latest in a string of test-flight setbacks for his big new Mars spacecraft, Starship, Elon Musk said on Thursday he foresees the futuristic vehicle making its first uncrewed voyage to the red planet at the end of next year. Musk presented a detailed Starship development timeline in a video posted online by his…

Elon Musk’s break with the Trump administration means investors will hope he refocuses on his sprawling empire as Tesla (TSLA.O), battles slumping sales and after SpaceX’s latest rocket launch fell short of expectations. Musk called time on his White House stint on Wednesday, giving Tesla investors some succor after shares slumped this year in part due to…

In 2011, this Indian-American executive received a staggering $100 million to remain with Google, later becoming YouTube’s CEO. Neal Mohan isn’t a household name, but in Silicon Valley, he is known as the man who shaped the digital advertising landscape and YouTube’s product roadmap. The Indian-American executive has long preferred to stay behind the scenes, quietly executing…

A little after 8:00 pm on May 8, red flares streaked through the night sky over the northern Indian city of Jammu as its air-defence systems opened fire on drones from neighbouring Pakistan. The Indian and Pakistani militaries have deployed high-end fighter jets, conventional missiles and artillery during decades of clashes, but the four days of fighting…

With the launch of SITA Managed Satellites, airports around the world are said to be able to maintain vital communication at all times, even during blackouts, natural disasters, or in the most remote or infrastructure-limited locations. SITA Aero’s new satellite connectivity service is said to deliver secure communication to airports in over 130 countries during blackouts and…

Byju’s Leaning App covered mathematics, physics, chemistry and biology for classes 4–12 and social studies for classes 6–8 as well. The app also provides preparation support for competitive exams like JEE, NEET, and IAS. Beleaguered edtech firm Byju’s learning app has been delisted from Google Playstore due to non-payment of dues to its vendor Amazon Web Services,…

OpenAI will set up its first office in Seoul and has established an entity in South Korea as demand in the country jumps for its ChatGPT service, the company said on Monday (May 26). South Korea has the largest number of paying ChatGPT subscribers after the United States, according to OpenAI. OpenAI has also begun hiring staff…

Volvo Cars (VOLCARb.ST), will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and trade uncertainty, it said on Monday. The layoffs come as the Swedish automaker tries to resurrect its rock-bottom share price and drum up better demand for its…

U.S. President Donald Trump said he is considering more sanctions on Moscow after Russia launched a barrage of 367 drones and missiles at Ukrainian cities overnight, including the capital Kyiv, in the largest aerial attack of the war so far. The strikes killed at least 12 people, including three children in the northern region of Zhytomyr, Ukrainian…

Elon Musk’s social media platform X was largely restored for most users after an outage that impacted tens of thousands of users in the United States on Saturday (May 24), according to outage tracking website Downdetector.com, following which he said that he is “back to spending 24/7” at his companies. At its peak around 8.51am ET (1251…

Amid efforts to repair its reputation following a U.S. bribery probe, Adani Ports & SEZ Ltd. has secured a $150 million loan from DBS Bank, marking its first bilateral loan with a global lender post-indictment, Economic Times reported. The facility carries a pricing of approximately 200 basis points above the benchmark Secured Overnight Financing Rate (SOFR). Adani…

With the government now offering two pension choices — the market-linked National Pension System (NPS) and the newly launched Unified Pension Scheme (UPS) — central employees must weigh risk, returns, and retirement security. Financial Express outlines how much you must invest for a guaranteed ₹1 lakh pension, and what trade-offs exist. Central government employees retiring after 35…

The country’s pharma sector is now ranked 3rd in volume and 14th in value globally and contributes as much as 20 per cent of the world’s supply of medicines. The turnover of the Indian pharma industry touched Rs 4,17,345 crore in 2023-24 growing steadily at over 10 per cent annually for the past five years. India’s pharmaceutical…

King Charles has inherited most of his wealth from his mother, the late Queen Elizabeth II. Charles’s fortune is also supported by his private properties. Britain’s King Charles is now as rich as Rishi Sunak and his wife Akshata Murty, with his total fortune now amounting to £640 million, as per The Sunday Times Rich List. With…

The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce, issued the order, stating that the curbs will apply to specific categories of goods but will not affect Bangladeshi shipments transiting through India to Nepal and Bhutan. India on Saturday imposed port restrictions on the import of certain products from Bangladesh, including ready-made garments and…

Japan’s economy shrank for the first time in a year and at a faster pace than expected, data for the March quarter showed on Friday, underscoring the fragile nature of its recovery now under threat from U.S. President Donald Trump’s trade policies. The data highlights the challenge policymakers face as steep U.S. tariffs cloud the outlook for…

Tesla (TSLA.O), investors had pinned their hopes on a refresh of the company’s flagship compact SUV to reinvigorate sales. But rock-bottom financing deals for the Model Y and its easy availability suggest that this expectation is unrealistic. The electric vehicle maker is offering financing deals as low as 0% on the spanking new version of the Model…

Alphabet’s Google has been demonstrating to employees and outside developers an array of different products, including an AI agent for software development, ahead of its annual developer conference, The Information reported on Monday. The agent is intended to help software engineers navigate every stage of the software process, from responding to tasks to documenting code, the report…

Amazon has hired FedEx to handle some of its large package deliveries, the companies said Monday, weeks after UPS said it was halting its less-profitable deliveries for the e-commerce retailer and cutting 20,000 jobs. FedEx shares surged on Monday even more than rallying Wall Street benchmarks, finishing up 7%. The Memphis-based delivery company said the multi-year agreement…

Health and wellness companies are embracing weight-loss drugs and building offerings around them in an effort to avoid the fate of WeightWatchers, which declared bankruptcy this week, citing vastly increased use of the new blockbuster medicines. But some of WeightWatchers’ closest rivals, newer telehealth companies, face a new challenge of their own as federal regulators crack down…

China on Friday (May 9) said sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a gruelling trade war with its superpower rival. Trade between the world’s two largest economies has nearly skidded to a halt since US President Donald Trump imposed various rounds of levies on China that…

Google will pay $1.4 billion to Texas to settle claims the company collected users’ data without permission, the state’s attorney general announced Friday. Attorney General Ken Paxton described the settlement as sending a message to tech companies that he will not allow them to make money off of “selling away our rights and freedoms.” “In Texas, Big…

In a directive issued on May 9, Chandigarh District Magistrate Nishant Kumar Yadav said, “It had come to light that certain individuals, traders, and entities are engaged in the hoarding and unauthorised stockpiling of essential food items and fuel including petrol, diesel, and other daily necessities.” Amid escalating tensions between India and Pakistan, the Chandigarh Administration on…

Reliance Industries has withdrawn its trademark application for “Operation Sindoor,” citing it was mistakenly filed by an unauthorised junior staffer. The company affirmed it has no intention to claim rights over the term, lauding the Indian Armed Forces’ operation as a symbol of national pride and India’s fight against terrorism. Reliance Industries on Thursday issued a clarification…

Trading at Pakistan Stock Exchange was halted as the KSE-100 index crashed over 6,000 points after India’s precision strikes under ‘Operation Sindoor’. Investor panic deepened amid rising Indo-Pak tensions and looming IMF scrutiny. With economic instability and fragile sentiment, PSX has become the frontline victim of the geopolitical flare-up. Trading at the Pakistan Stock Exchange (PSX) was…

The U.S. Patent and Trademark Office has refused Tesla’s attempt to trademark the term “Robotaxi” in reference to its vehicles, TechCrunch reported on Wednesday, citing a filing. Another application by Tesla to trademark the term “Robotaxi” for its upcoming ride-hailing service is still under examination by the office, the report said. The USPTO issued on Tuesday a…

The move marks Swiggy’s formal exit from its private label business, days after it announced the expansion of its quick food delivery service Snacc to more than 500 cities. Online food and grocery aggregator Swiggy entered into an agreement with food service platform Kouzina for the exclusive license of its digital-first food brands: The Bowl Company (TBC),…

Google views the project as a way to get the creative community to adopt its newer tech products and services such as its artificial intelligence products and tools like the Immersive View feature that allows users to see things in 3D, according to the report. Alphabet’s Google has launched a new film and TV production initiative called…

Though Maruti Suzuki maintains its ‘Numero Uno’ position, its market share has shrunk. Its retail sales declined to 1.38 lakh in April 2025 from 1.39 lakh in the same month last year. Mahindra & Mahindra has emerged as the second largest player in the Indian car market, relegating Hyundai Motor, which had held onto the spot for…

The RBI lowered policy interest rates by 25 basis points each in February and April. The next bi-monthly meeting of the central bank’s rate setting panel Monetary Policy Committee is scheduled in June. New Delhi: India’s headline retail inflation is likely to fall below 3% in the April-June quarter that will prompt the Reserve Bank of India…

Elon Musk plans to proceed with his highly-watched lawsuit against OpenAI, his lawyer Marc Toberoff said on Monday, hours after the AI startup dialed back its earlier plan to remove control by its non-profit arm. Under OpenAI’s newly proposed plan, its non-profit parent would continue to control the for-profit business and become a major shareholder. Source :…

Berkshire Hathaway (BRKa.N), shareholders mourning the departure of legendary investor Warren Buffett anticipate the conglomerate he built over 60 years will retain its long-term focus and culture but worry about the loss of Buffett’s vision and star power. Following Buffett’s surprise announcement on Saturday that he would step down as chief executive by the end of the…

Nandan Nilekani’s report, “The Great Unlock: India in 2035,” emphasises the potential of unlocking $3.3 trillion through land asset tokenisation as India aims for an $8 trillion economy. With 50% of household assets in real estate but a low capitalisation rate of 5%, significant value remains untapped. If we told you that Indians are sitting on $3.3…

A penalty of Rs 31.80 lakh was imposed on Bank of Maharashtra for non-compliance with certain directions on KYC. The Reserve Bank on Friday said it has imposed penalties on five lenders, including ICICI Bank, Bank of Baroda, and Axis Bank, over deficiencies in certain regulatory compliances. Penalty of Rs 97.80 lakh has been imposed on ICICI…

Publisher ad servers are platforms used by websites to store and manage their digital ad inventory. Along with ad exchanges, the technology lets news publishers and other online content providers make money by selling ads. Alphabet’s Google will face a trial in September on antitrust enforcers’ proposals to make it sell off part of its advertising technology…

The latest Musk drama underscores the unique dilemma Tesla’s board faces in managing him as he oversees five other companies and, more recently, has focused primarily on advising Republican US President Donald Trump – alienating Tesla’s politically liberal customer base. Tesla’s board on Thursday rushed to defend its chief executive, Elon Musk, assuring he had the board’s…