The Reserve Bank of India’s (RBI) decision to revoke the banking licence of Paytm Payments Bank has marked a turning point for India’s fintech landscape, forcing a structural overhaul of Paytm’s business model while raising fresh concerns around depositor safety and regulatory compliance. The move effectively ends the payments bank’s operations and dismantles the wallet-led … Read more
India’s smartphone market has recorded its weakest quarterly performance in six years, with shipments declining 3% year-on-year in the January–March 2026 period, according to Counterpoint Research. The downturn reflects a deeper structural slowdown driven by rising handset prices, stretched household budgets, and lengthening upgrade cycles factors that are reshaping one of the world’s largest smartphone … Read more
More than 1,100 workers in Kenya are set to lose their jobs after Meta ended a key outsourcing agreement with Nairobi-based firm Sama, marking a significant shift in the tech giant’s content moderation operations in Africa. The decision comes against the backdrop of an ongoing high-profile lawsuit filed by former moderators who allege exploitative working … Read more
The global aviation industry is rapidly recalibrating operations as a sharp jet fuel price surge triggered by escalating tensions in West Asia forces airlines to raise ticket prices, introduce fuel surcharges, cut capacity, and rethink financial forecasts. With jet fuel prices climbing from roughly $85–$90 per barrel to as high as $150–$200 in recent weeks, … Read more
A massive shipment of KitKat chocolate bars amounting to more than 12 tonnes has been stolen in Italy in a high-value cargo heist just days before Easter, raising concerns over supply chain vulnerabilities across Europe. The stolen goods, part of a newly launched Formula One-themed product line, were en route from a factory in central … Read more
The Indian rupee plunged to an unprecedented low on Friday, breaching the 93-per-dollar mark for the first time amid intensifying geopolitical tensions in West Asia and sustained pressure from rising crude oil prices. The sharp depreciation underscores mounting external vulnerabilities for India, where heavy reliance on imported energy and persistent foreign fund outflows are amplifying … Read more
India has moved swiftly to safeguard its energy security by purchasing roughly 30 million barrels of Russian crude oil after a temporary waiver from the United States allowed the country to buy shipments already at sea, even as escalating tensions in West Asia and disruptions around the Strait of Hormuz trigger fears of a global … Read more
India’s restaurant industry is facing growing uncertainty after reports of a commercial LPG shortage raised fears that eateries in major cities such as Bengaluru and Chennai could be forced to suspend operations. The warning came from hotel and restaurant associations that rely heavily on commercial cooking gas, even as industry leaders clarified that operations in … Read more
A sudden Qatar LNG disruption triggered by attacks on key gas facilities and escalating conflict in West Asia has sent shockwaves across global energy markets, threatening not only fuel supplies but also critical technology supply chains that power artificial intelligence, cloud computing, and semiconductor manufacturing. Qatar one of the world’s largest exporters of liquefied natural … Read more
BMW has unveiled an exciting new suite of upgrades for its M2 range, aimed at enhancing both the car’s track performance and driving experience. These additions include the M Performance Track Kit for the M2 Coupe and an optional M Performance exhaust system for the M2 CS, both of which will be available starting July … Read more
Tata Sons Chairman Natarajan Chandrasekaran’s reappointment was discussed but not finalized at a board meeting on Tuesday, signaling potential leadership tensions within India’s oldest conglomerate. The board of Tata Sons, the holding company of the Tata Group, deferred a decision on granting Chandrasekaran a third term, even as his current tenure runs until February next … Read more
Olectra Greentech Ltd.’s unit, EVEY Trans Pvt. Ltd., has secured a landmark order to supply, operate, and maintain 1,085 electric buses for intracity services in Telangana, marking a significant step in the state’s push for clean and sustainable urban transport. The Telangana State Road Transport Corporation (TSRTC) awarded two Letters of Award totaling ₹1,800 crore … Read more
HR technology in retail delivers meaningful results only when it empowers frontline employees rather than simply introducing advanced digital systems, according to a new academic study released amid growing pressure on Indian retailers to digitise their human resources and workforce management functions. The research, conducted by scholars from the Goa Institute of Management, Indian Institute … Read more
Bengaluru-based AI startup Sarvam AI has launched artificial-intelligence models specifically designed for India, positioning itself as a domestic alternative to global tools like ChatGPT and Claude. The unveiling, held at the India AI Impact Summit 2026 in New Delhi, highlights the country’s push toward a “sovereign AI” ecosystem and greater self-reliance in emerging technologies. The … Read more
Goldman Sachs DEI policy shift is set to reshape how the Wall Street giant evaluates candidates for its board of directors, as the firm moves to eliminate race, gender identity, ethnicity and sexual orientation from its formal selection criteria. The reported change comes amid mounting political and legal pressure on diversity, equity and inclusion (DEI) … Read more
Torrent Power acquires Nabha Power in a ₹6,889 crore deal from Larsen & Toubro, marking a significant expansion of its thermal generation portfolio at a time when India’s electricity demand is rising sharply. The transaction gives Torrent Power full ownership of Nabha Power Ltd (NPL), which operates a 1,400 MW supercritical coal-fired plant in Punjab, … Read more
Charlie Munger quote continues to resonate with investors worldwide, underscoring a timeless principle: great opportunities are rare, and only those prepared to act can seize them. The late vice chairman of Berkshire Hathaway believed that patience, discipline, and readiness not constant activity drive long-term investment success. His advice remains especially relevant in volatile markets where … Read more
Indian travel aggregator Ixigo is making its first major international foray by acquiring a majority stake in Spain’s second-largest train booking platform, Trenes, signaling a strategic entry into Europe’s rail travel market. The company’s board has approved the purchase of a 60% stake in Online Travel Solutions, S.L., for €11.7 million (over ₹125 crore). The … Read more
Amar Sinha’s potential exit from Radico Khaitan has triggered speculation in corporate circles, even as the company firmly denies any leadership change. Multiple industry sources indicate that the Chief Operating Officer may have expressed his intention to step down after nearly nine years at the spirits maker. However, both Sinha and the company’s top management … Read more
Nifty IT index plunged to a four-month low on Thursday as mounting concerns over artificial intelligence-led disruption and fading expectations of a near-term U.S. Federal Reserve rate cut triggered a sharp selloff in Indian technology stocks. The decline weighed heavily on benchmark indices, underscoring the sector’s vulnerability to global economic and technological shifts. Shares of … Read more
Goldman Sachs is making a decisive bet on India, investing $500 million over the past three years to expand its footprint in the country’s booming financial markets. The strategy aims to increase the firm’s presence in equity offerings and mergers, where it has recently climbed the rankings amid stiff competition from established global and domestic … Read more
Adani Enterprises Iran oil sanctions probe: Adani Enterprises Ltd has confirmed it is cooperating with US authorities following reports that the company imported Iranian oil products into India despite American sanctions. The development comes after a Wall Street Journal investigation prompted scrutiny from the US Treasury Department, raising fresh questions around compliance and geopolitical trade … Read more
Sensex Nifty India-US trade deal optimism powered a strong opening for Indian equity markets on Monday, February 9, as investors reacted positively to the interim trade framework announced between New Delhi and Washington last week. Tracking upbeat global cues and easing trade tensions, domestic benchmarks surged in early trade, reflecting improved risk appetite across markets. … Read more
India AI Impact Summit 2026 is driving an unprecedented spike in room tariffs and occupancy across New Delhi’s five-star hotels as tens of thousands of global delegates prepare to arrive in the capital for the high-profile event later this month. Scheduled from February 16 to 20 at Bharat Mandapam, the summit has sharply tightened hotel … Read more
The Maharaja Lounge marks a major step in Air India’s ongoing transformation as the Tata Group-owned airline unveils its first flagship premium lounge at Delhi’s Indira Gandhi International Airport, Terminal 3. Opened on February 6, the new facility reflects Air India’s renewed focus on luxury, comfort, and world-class hospitality for premium and frequent flyers. Spread … Read more
RBI repo rate stability took center stage on Friday as the Reserve Bank of India opted to hold its benchmark interest rate at 5.25%, citing benign inflation and improving growth prospects following major trade agreements with the United States and the European Union. The decision underscores the central bank’s confidence in the resilience of Asia’s … Read more
Kotak Mahindra Bank hiring engineers has become a central pillar of the lender’s long-term strategy as it steps up investments in digital infrastructure, artificial intelligence, and in-house technology capabilities. The billionaire Uday Kotak-backed private bank plans to recruit up to 500 engineers in the next financial year, intensifying competition for skilled tech talent across India’s … Read more
The Whole Truth (TWT), a leading clean-label nutrition brand, has raised $51 million in a Series D funding round led by Sofina and Sauce.vc, as investors double down on India’s growing protein and nutrition market. The funding combines both primary and secondary capital and marks a significant vote of confidence in the company’s growth trajectory. … Read more
India-US trade deal negotiations have reached their final stages, Commerce and Industry Minister Piyush Goyal said on Tuesday, offering strong praise for the agreement while withholding specific details that have sparked political controversy and policy uncertainty. The remarks came amid mounting questions over US President Donald Trump’s sweeping claims on tariffs, energy purchases, and agricultural … Read more
Supreme Court Meta WhatsApp data sharing came under sharp scrutiny on Tuesday as the apex court warned Meta Platforms and its messaging service WhatsApp against using user data for advertising under the company’s controversial 2021 privacy policy. The court made it clear that any such data sharing would not be permitted and could lead to … Read more
US technology giant Oracle is planning one of the largest workforce reductions in its history, with up to 30,000 jobs expected to be cut as financing pressures mount around its ambitious artificial intelligence data center expansion in the United States. The move comes as several major US banks have reportedly pulled back from lending, raising … Read more
Gold silver prices witnessed a sharp sell-off ahead of the Union Budget 2026 presentation, rattling commodity markets and triggering lower circuit limits in futures trading. The sudden decline came as investors booked profits and remained cautious before Finance Minister Nirmala Sitharaman’s budget speech, which is closely watched for cues on taxation, import duties, and economic … Read more
The cuts affect thousands of corporate roles and signal continued cost-cutting at the tech giant This is Amazon’s second major workforce reduction in four months Amazon layoffs have expanded globally, with the company announcing plans to cut 16,000 corporate jobs across the United States, the United Kingdom, and India, according to reports citing internal communications. … Read more
India gold demand 2026 is expected to decline as a slump in jewellery buying outweighs rising investment demand, the World Gold Council (WGC) said on Thursday. Elevated and volatile gold prices have dampened consumer appetite for jewellery, even as investors increasingly turn to gold amid weak equity market performance. According to the WGC, India’s total … Read more
India GDP growth FY27 is projected to remain strong at between 6.8% and 7.2%, according to the Economic Survey for 2025–26 released by the Union Ministry of Finance on Thursday. The forecast reflects the government’s confidence that domestic reforms and resilient demand will help the economy withstand mounting global trade uncertainties. The survey said India’s … Read more
Rupee hits record low as the Indian currency weakened to 91.98 per US dollar on Thursday, surpassing its previous all-time low of 91.9650 recorded last week. The decline came despite signs of strength in the domestic economy, as persistent foreign capital outflows and increased corporate demand for dollar hedging continued to weigh on sentiment. Market … Read more
Union Budget 2026 is expected to prioritise higher public spending and structural reforms while maintaining a path of fiscal consolidation, as the Narendra Modi government looks to cushion the Indian economy from the impact of steep US tariffs and global uncertainties. The budget, scheduled to be presented on February 1, 2026, is likely to focus … Read more
UPS layoffs will impact more than 30,000 employees as United Parcel Service moves forward with a major cost-cutting and restructuring plan tied to the end of its lucrative delivery partnership with Amazon. The company says the job reductions are a critical part of a long-term transformation strategy aimed at protecting profitability and strengthening the brand … Read more
Union Budget 2026 is set to focus on reducing India’s Debt-to-GDP ratio, marking a shift in fiscal policy from simply managing deficits to actively lowering national debt. Finance Minister Nirmala Sitharaman will present her ninth consecutive budget on 1 February 2026, amid expectations of a major overhaul of customs duties, similar to GST rationalization. Individual … Read more