US Job Openings Surge to 7.6 Million in April
US job openings rose to 7.6 million in April, a gain of 731,000, while hiring and total separations eased, signaling strong labor demand but slower worker movement.
Category : Corporate News
Gujarat govt hikes drivers' laundry allowance after 26 years
After 26 years, Gujarat government increases laundry allowance for state drivers from Rs 50 to Rs 200 per month, also changes uniform colors. Employee unions say move has little impact due to outsourcing.
Bolt CEO Defends HR Elimination and Layoffs
Bolt CEO Ryan Breslow defends eliminating HR and laying off 30% of staff, citing entitlement and need for wartime efficiency to revive the fintech firm after valuation plummeted from $11B to $300M.
Agilitas Secures Rs 225 Crore in Funding from Nexus and Rainmatter
Sportswear platform Agilitas raises Rs 225 crore from Nexus Venture Partners and Rainmatter to expand manufacturing, retail, and brand portfolio, targeting $1 billion revenue.
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Raj Kundra Gets Court Nod for Overseas Business Travel
A special court granted permission to businessman Raj Kundra to travel to multiple countries for business, rejecting ED's objections that he might abscond. The judge cited fundamental right to travel.
CMA Rahul Chincholkar elected chairman of ICMAI Pune Chapter
CMA Rahul Chincholkar has been elected as chairman of ICMAI Pune Chapter for 2026-27. The new team includes vice-chairman, secretary, and treasurer, focusing on professional development and AI.
Oyo Parent Prism Gets SEBI Nod for IPO
Prism, Oyo's parent, secures SEBI approval for its third IPO attempt, targeting up to Rs 6,650 crore and a $7-8 billion valuation amid market volatility.
Infosys Partners with DNB Bank for Financial Crime Modernization
Infosys expands partnership with DNB Bank to implement the NICE Actimize X-Sight platform, enhancing financial crime operations with advanced analytics and automation.
Citi's Raghavan: India Must Articulate Post-AI Role to Attract FDI
Citi's Vis Raghavan discusses why FDI into India is muted due to AI capital reallocation, energy dependency, and the need for India to better position itself in the AI-driven global economy.
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Wall Street Rally Pauses as Alphabet Drops on AI Fundraising
Wall Street's record rally slowed Tuesday as Alphabet fell 4% after announcing $80 billion stock sale to fund AI investments. S&P 500 slipped 0.1%, while Hewlett Packard Enterprise surged 31.5%.
Maharashtra takes over Air India building for Rs 1,601 cr
The Maharashtra government has acquired the iconic Air India building at Nariman Point for Rs 1,601 crore, marking a significant real estate transaction in Mumbai.
Aman Khan Closes Delhi Nightclub KNOT, Plans Four-City Return
Aman Khan, founder of Delhi nightclub KNOT, releases a cinematic film marking its closure and announces a four-city luxury hospitality expansion across Goa, Pune, Mumbai, and Bangalore.
Leadership Transition at profine India: Farid Khan CMD, Kamal Bajaj CEO
profine India announces leadership change: Farid Khan becomes Chairman cum Managing Director, Kamal Bajaj appointed Chief Executive Officer, effective June 1, 2026.
Sonalika Tractors Posts Record May Sales, 21% Growth
Sonalika Tractors reported its highest-ever May overall sales of 17,204 units, achieving 21% growth and surpassing industry performance for FY'27.
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India Requests France for 114 Rafale Jets in ₹3.25 Lakh Crore Deal
India has issued a formal request to France for 114 Rafale fighter jets in a ₹3.25 lakh crore deal. The agreement aims to boost combat capabilities and domestic manufacturing via Make in India.
Meesho-BSE Project Shikhar Boosts MSME Digital Sellers
Meesho and BSE have partnered under 'Project Shikhar' to empower MSMEs and digital sellers with access to capital markets, training, and resources.
India to Launch PPI, Phase Out WPI in 5 Years
India will launch the Producer Price Index (PPI) on June 15, covering goods and services, and phase out Wholesale Price Index (WPI) over five years, aligning with global best practices.
JBVNL Centre Resolves 40% of 1,400 Complaints in Fortnight
Jharkhand Bijli Vitran Nigam Ltd's new grievance centre and hotline resolved over 40% of 1,447 complaints within a fortnight, with billing and infrastructure issues addressed promptly.
Mother Dairy Rules Out Further Price Hikes for Now
Mother Dairy chairman Maneesh Shah says no immediate price hike plans despite global uncertainties, as input costs are already factored in. The company also launches degradable milk pouches.
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Punjab CM Mann backs HPCL biogas projects for agri waste
Punjab CM Bhagwant Mann assured HPCL of full support for its biogas projects, stating they will manage agricultural waste, boost economic activity, and create jobs.
Noel Tata Questions Rs 7,000 Crore Tata Digital Investment
Noel Tata questioned the Rs 7,000 crore investment plan for Tata Digital's consumer businesses, citing overly optimistic growth forecasts and potential losses of Rs 9,000 crore over three years.
Balu Forge Gets Order for 152mm Artillery Shells
Balu Forge Industries Ltd has secured a significant order for 30,000 units of 152mm artillery shells, with potential scaling to over 100,000 units, marking a major step in defence manufacturing.
NJF Holdings Sees Sports-Life Sciences as Key India Investment
NJF Holdings identifies the convergence of sports and life sciences as a major investment opportunity in India, citing the country's unique position to develop capabilities in athletic performance and longevity science.
India Issues LoR to France for 114 Rafale Jets Worth Rs 3.25 Lakh Crore
India has issued a Letter of Request to France for 114 Rafale fighter jets worth Rs 3.25 lakh crore, with IAF chief visiting France and PM Modi expected to follow.
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Ola Electric QIP Floor Price Fixed at Rs 37.74 Per Share
Ola Electric's fund-raising committee approved the opening of its QIP on June 1, fixing the floor price at Rs 37.74 per equity share for eligible institutional buyers.
Florida Sues OpenAI and Altman Over ChatGPT Safety
Florida becomes the first US state to sue OpenAI and CEO Sam Altman, alleging the company prioritized profits over safety, harming minors and enabling harmful acts via ChatGPT.
Infosys Top Buy, DLF & Chola Sell: Mirae Asset Calls
Mirae Asset ShareKhan recommends buying Infosys with a target of Rs 1270 and selling DLF and Cholamandalam Investment. Check targets, stop loss, and technical analysis.
Morgan Stanley, Goldman Sachs, Macquarie, Jefferies, HDFC Securities Update Stock Targets
Morgan Stanley overweight on RIL with target Rs 1,803; Goldman Sachs buy on Indigo at Rs 5,200; Macquarie buy on Asian Paints at Rs 3,000; Jefferies raises Cummins India target to Rs 7,100; HDFC Securities reduce on Heidelberg Cement at Rs 170.
PE-VC Investments Dip 9% to $15 Bn in Jan-May 2026
Private equity and venture capital investments in India declined 9% year-on-year to $15 billion in Jan-May 2026, but May saw a 25% revival. Late-stage firms attracted $3.5 billion.
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ATF for international flights slashed 27%, commercial LPG up Rs 42
Public sector oil firms cut international ATF prices by nearly 27% to $1,103/kl, offering relief to airlines. Commercial LPG cylinder price hiked by Rs 42 to Rs 3,113.5 in Delhi.
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