Business News, Market Insights & Financial Updates

Too many people face a "cliff-edge drop in income" when they retire, with more than three quarters not on course to save enough for a "moderate" lifestyle, a pensions trade body has warned. A new report by Pensions UK suggested what it termed a moderate lifestyle cost £32

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Prism, the parent firm of global travel tech unicorn Oyo, has secured clearance from markets regulator Sebi to raise ₹6,650 crore through its initial public offering (IPO), people familiar with the development said on Tuesday (June 2, 2026). The proposed public offering is expected to value the

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The Reserve Bank of India has reportedly sold a portion of its gold holdings to protect its foreign-currency assets amid the falling rupee, which could be worth roughly around $12 billion in May, according to a report by Bloomberg. The analysis by Bloomberg reported that despite a gold import duty

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Market Updates Today: The domestic equity market extended their losses in the morning trade on Wednesday, weighed down by a sharp selloff in information technology stocks and weakness across most sectors amid concerns over elevated crude oil prices and persistent foreign fund outflows

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A new silicon equation, and the great PC resetSimply being fast is no longer enough, as the chip makers and the PC industry search for relevance and emphasise collaboration Published on: Jun 03, 2026 11:10 AM IST By Vishal Mathur Share via Copy link This moment can be bookmarked as an anchor for a

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Canada has formally requested a renewal of the North American free trade agreement with the US and Mexico, called the USMCA, as the July deadline to renegotiate the pact looms. In Tuesday's notice, Canada-US trade minister Dominic LeBlanc requested the deal be renewed for another 16 years

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In what is fast becoming one of Pune’s most alarming startup fraud cases, Thynk Tech India — an IT company operating out of Hinjawadi’s Garage Imperial Rise building — allegedly shut its offices overnight, leaving around 700 employees and interns without salaries

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Tech Tonic: Reassessing the subscription bundleAn aggressive customer-acquisition phase has seamlessly transitioned into an equally aggressive monetisation stage for streaming apps Published on: Jun 02, 2026 12:05 PM IST By Vishal Mathur Share via Copy link This week

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Alphabet is looking to raise $80 billion in equity offerings, ​including an investment from Berkshire Hathaway, the Google parent said on Monday, ‌in its aggressive push to fund a costly expansion of ​its AI infrastructure. The deal brings in Warren Buffett’s diversified ⁠holding company

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Advanced chip maker Nvidia has announced its new superchip, Nvidia RTX Spark, that is set to reinvent Windows PCs for the era of personal AI agents. The new chip is designed for the AI age, when AI companies are seeing personal agents for common use, which will be delegated day-to-day tasks

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India and the UK will discuss Britain's steel safeguard measure and carbon border adjustment mechanism (CBAM) on Tuesday (June 2, 2026) as these issues have become a sticking point in the implementation of the bilateral free trade pact, which was signed on July 24, 2025, government sources said

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Sensex, Nifty open in the red as US-Iran war rages on, hopes of peace dimThe BSE Sensex opened at 73,878.22, down 389.12 points or 0.52 per cent, while the NSE Nifty 50 slipped 153.45 points. Updated on: Jun 02, 2026 9:32 AM IST By HT News Desk Share via Copy link Indian benchmark equity indices

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AI-triggered rally has driven the South Korean market to record highs, while pushing down the Indian market to the 7th rank at the global level in terms of market capitalization. South Korea’s Kospi is now the sixth biggest market in terms of m-cap at $5.04 trillion, following Taiwan

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India’s factory output grows 4.9% in AprilIIP grew 4.9% in April 2026, up from 3.2% in March, suggesting limited disruption to industrial activity from the ongoing conflict in West Asia. Published on: Jun 02, 2026 8:12 AM IST By Abhishek Jha

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Anthropic, the Claude-maker, has confidentially initiated the process to launch its initial public offering (IPO). If the company proceeds with the plan to raise the capital from the primary market, it would make it a $1 trillion publicly listed company, a way ahead of its staunch rival OpenAI

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AI giant Anthropic has said it plans to become a public company in the US. The company behind the popular chatbot Claude said on Monday it had filed confidential paperwork with the US Securities and Exchange Commission in order to make an initial public offering (IPO) this year

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Florida has become the first US state to sue OpenAI over the design and safety of the company's artificial intelligence (AI) chatbot, ChatGPT. The sweeping lawsuit brought by Attorney General James Uthmeier alleges OpenAI and its boss Sam Altman are endangering and addicting children

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Market Updates Today: The domestic equity market ended sharply lower on Monday after surrendering strong opening gains, with investors turning cautious amid escalating tensions in the Middle East, FII selling and uncertainty ahead of key domestic events

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India's manufacturing sector activity growth accelerated to a three-month high in May, driven by demand strength, infrastructure projects and new business gains, even amid inflationary pressures, a monthly survey said on Monday (June 1, 2026)

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“Prepare for an AI jobs apocalypse,” the Economist warned on May 14. It went on to explain: “Never before in modern history has technological progress hurt the overall demand for labour.” This is a warning that is of special relevance to India. Until the advent of Artificial Intelligence

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Precious metals prices were confined to a narrow range in April, influenced more by the developments surrounding the Middle East geopolitical conflict. The ceasefire between Iran and the U.S. sparked positive sentiment towards gold but the yellow metal cooled off in the last couple of weeks

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The export duties are reviewed every two weeks and are linked to the average international prices of crude oil, petrol, diesel and ATF during the review period. The Centre has reduced the export duty on petrol, diesel and aviation turbine fuel (ATF) for the fortnight beginning June 1

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Oman FTA shields key Indian sectorsIndia has placed 2,789 tariff lines in the exclusion list, including transport equipment, major chemicals, cereals, fruits, vegetables, spices, and animal-origin products. Published on: Jun 01, 2026 6:39 AM IST By Rajeev Jayaswal

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Hot pepper sauce in Caribbean cuisine is as pervasive as ketchup in the US. The fiery flavouring is a staple of dining tables regionwide, the obligatory accompaniment for everything from rice and peas, to curries and stews. And as international palates continue to heat up to the potent taste

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Nvidia has announced a new chip for personal computers as it moves into the consumer market for devices integrated with artificial intelligence (AI) technology. "This reinvention of the computer is as big of a deal as the reinvention of the phone into what we now know as the smartphone

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The lending ecosystem - banks/HFCs, regulator and the Government - have over the last decade unveiled several sops to encourage the participation of women borrowers in formal credit, particularly in home ownership. From preferential interest rates to tax and stamp duty benefits

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The duty exemption, effective June 1, is expected to lower input costs for textile manufacturers, improve export competitiveness and support SMEs across the textile value chain. The Centre has exempted all customs duties on cotton imports for five months till October 30, 2026

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