The Directorate of Revenue Intelligence arrested a Hong Kong company director in Mumbai for an Rs 83 crore duty evasion fraud involving diversion of duty-free gold into the domestic market through fraudulent exports.
Patrick and Edward James, founders of bankrupt auto-parts maker First Brands Group, face federal charges for defrauding lenders through fake invoices and falsified financial statements, causing billions in losses.
Gold prices crashed 6% and silver plunged 8% in a sudden selloff as US dollar strength and equity market declines triggered profit-taking in precious metals from record highs.
Google co-founder Sergey Brin makes his largest public donation of $20 million to 'Building a Better California' coalition, addressing housing affordability amid wealth tax debates.
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Coforge Ltd removed special board nomination rights for Advent International after shareholders rejected the resolution, clearing path for $2.4 billion Encora acquisition while highlighting governance scrutiny in promoter-less firms.
Vedanta Ltd's five-way demerger will see new entities list on stock exchanges by May-June 2024, with $6.7 billion debt allocated based on asset value and cash generation. Vedanta Aluminium to bear the largest debt share.
Chennai-based Kothari Industrial Corporation Ltd is negotiating to acquire iconic French brand Kickers, aiming to shift production to India and leverage new EU trade agreement for export growth.
Efficiency-linked incentives and Sustainable Development Goals alignment emerge as crucial demands from Union Budget 2026-27 to transform India into a global maritime leader through port modernization and green initiatives.
Swiggy Limited reports Instamart's adjusted Ebitda losses widened to ₹908 crore in Q3 as it reviews aggressive incentives amid intense competition from Zepto, Blinkit, and JioMart.
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Tyler Wells, a US social media professional undergoing brain cancer treatment, resigned after his employer refused paid time off despite an 'unlimited leave' policy, triggering discussions about employee rights and corporate compassion.
Dow Chemical announces 4,500 job cuts, 13% of workforce, in restructuring to save $2 billion. Revenue forecast misses expectations amid weak demand, shares fall 3%.
ITC reports Q3 FY26 results with net profit stable at ₹5,018 crore, revenue growth of 6.7%, and interim dividend of ₹6.50 per share announced.
Amazon founder Jeff Bezos reclaims world's third-richest position after stock surge. Amazon announces closure of all Go and Fresh physical stores, focusing on online delivery and Whole Foods expansion.
India's Economic Survey 2025-26 reveals micro-enterprises continue depending on friends and moneylenders for small loans under ₹50,000, highlighting formal credit gaps despite improved access for larger loans.
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Elon Musk's SpaceX reportedly plans a $50 billion IPO in June 2026, targeting a $1.5 trillion valuation during a rare Jupiter-Venus conjunction for auspicious timing.
Microsoft CFO Amy Hood's internal memo reveals the company exceeded Wall Street expectations with 17% revenue growth, $50B+ cloud revenue, and massive AI investments driving 230% commercial bookings increase.
Vedanta Limited reported a significant 60% year-on-year increase in consolidated net profit to Rs 7,807 crore for the third quarter of FY25, boosted by robust operational efficiency across key business segments.
Tata Motors Commercial Vehicles reports Q3 net profit of ₹705 crore, down 48% year-on-year, while revenue grows 16.2% to ₹21,732 crore in December quarter.
US data centers consumed 183 TWh in 2024, projected to double by 2030. America's aging grid struggles to deliver power for AI, EVs and renewables, creating investment opportunities in transmission infrastructure.
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Vedanta Ltd reports strong Q3 FY2026 results with profit surging 61% YoY to ₹5,710 crore and operational revenue reaching ₹23,369 crore, led by Anil Agarwal.
Nokia's chair Sari Baldauf plans to step down, with Timo Ihamuotila set to succeed her. The company's AI initiatives helped meet quarterly earnings, but shares fell 6% amid restructuring challenges.
Swiggy's Q3 financial results show net losses expanded to ₹1,065 crore despite a strong 54% revenue surge to ₹6,148 crore, highlighting ongoing profitability challenges.
The Economic Survey 2025-26 highlights severe delays in India's insolvency framework, with a 30,600-case backlog requiring nearly a decade to clear. It calls for enhanced effectiveness while noting IBC's role in improving credit discipline and bank recove
Piramal Pharma reports Q3 FY26 revenue dip to ₹2,140 crore and loss of ₹136 crore, but sees early recovery signs in contract manufacturing. Consumer healthcare grows 20% to ₹334 crore.
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The Self-Reliant India Fund has provided Rs 15,442 crore in equity funding to 682 MSMEs, with expanded project costs and enhanced activities. Operational challenges like delayed payments impact liquidity for micro-suppliers.
Maruti Suzuki's Q3FY26 shows margin compression on paper, but underlying per-car EBITDA improved. Revenue grew 29.2% with domestic volume recovery, though export risks and steel costs pose challenges.
Federal Reserve Chair Jerome Powell repeatedly declines to confirm if he'll stay on the Fed board after his term ends, using silence as a strategy against Trump administration pressure tactics.
Amazon has begun notifying employees about significant layoffs affecting approximately 16,000 roles globally. The job cuts impact staff in the US, UK, and India, with affected workers receiving detailed transition support including severance packages and
India's Economic Survey 2025-26 highlights the expansion of Free Trade Agreements as a key pillar supporting the country's diversified trade strategy amid global economic uncertainties.
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Adani Power reported a consolidated net profit of Rs 2,479 crore for Q3 FY24, marking an 18.9% year-on-year decline. Revenue from operations also fell by 9% to Rs 12,991 crore.
