Quick commerce companies are now prioritizing the sale of groceries and consumer staples over big-ticket items due to high costs, inventory limitations, and delivery challenges. Selling laptops and large appliances is unsustainable in this model, and the lack of integration with financing, warranties, and after-sales services further hinders their sale.
Vinod Khosla, an Indian-origin venture capitalist, has been named the world's best investor by Forbes. He co-founded Sun Microsystems and founded Khosla Ventures, and is one of the 17 Indian-American venture capitalists on the Forbes 2026 Midas List. His early investments in software and technology, combined with his education from prestigious institutions, have contributed to his success.
Karnataka Minister Ramalinga Reddy clarifies his resignation, remains loyal to Congress after 50 years. Chief Minister Shivakumar downplays the issue and promises to resolve it. The resignation exposes issues in portfolio distribution and poses an early challenge for the new Cabinet. Reddy denies lobbying for a ministerial position.
IndiGo has announced the temporary suspension of flights to six Asian destinations from July 1 to September 30 due to high costs. This includes popular leisure markets in Southeast Asia and China, with bookings resuming on October 1. The decision is part of the airline's efforts to adjust its capacity and reflects the challenges faced by the industry during these uncertain times.
Karnataka government offers a one-time 50 percent concession on penalties for pending traffic violation cases registered through e-Challan system. The concession is available for 20 days from June 21 to July 10, 2026, and applies to cases registered between 1991 and 2022. This measure has been introduced in the public interest and is similar to a previous concession offered in August 2025.
Wipro's share price dropped by 6% as the record date for their Rs 15,000 crore share buyback approached, making June 5 a crucial day for shareholders. This decline is not due to financial struggles, but rather a planned corporate action. The buyback will involve purchasing 60 crore shares at Rs 250 each, with the last day to buy shares being June 4.
Jefferies gives 'Buy' rating to Poonawalla Fincorp, expecting strong growth with new leadership, product expansion, and improved asset quality. Target price of Rs 490 implies 23% upside potential. Management refresh with HDFC Bank backgrounds, launch of new lending products, and expected improvement in margins and return ratios are driving the optimism.
Aditya Birla Group Chairman Kumar Mangalam Birla believes that India is at a crucial juncture of transformation, offering a once-in-a-generation opportunity to become a global economic powerhouse. He highlighted the country's demographic strengths, infrastructure expansion, digital reforms, and financial inclusion as key pillars of this vision.
Taylor Swift has joined the billionaire club thanks to her successful music career and business savvy. Her net worth of $2 billion is a result of her record-breaking Eras Tour and buying back her first six albums. The tour, with over 150 shows and a documentary series, was a billion-dollar success, proving her loyal fan base.
The Trump administration has made changes to the H-1B work visa program, and Congress has introduced the American White-Collar Worker Jobs Act to prioritize American workers. The bill has gained support and the administration has implemented new policies affecting the program.
Bangladesh's Border Guard has foiled multiple attempts by Indian personnel to illegally bring people into their territory, reigniting a dispute over undocumented migration and hindering efforts to improve relations. The BGB detected 10 such attempts and declared that no one will be allowed to enter illegally.
India's move towards clean energy could generate 44 lakh full-time jobs by 2030. A study by CEEW and NRDC India, with support from MNRE, identifies rooftop solar as the main job creator. However, there are concerns about gender imbalance in the sector.
FCI is constructing modern silos under the PPP model to add 5 MT of storage capacity in the next two years. Private players have completed 3.9 MT of silos and 2.35 MT are under construction. Adani and Leap India are leading the projects, with a total of 4.65 MT of capacity. FCI aims to have 9 MT of silos by 2028, reducing grain damage and improving storage efficiency.
Tata Sons, the holding company of Tata Group, infused Rs 5,166 crore into loss-making subsidiary Tata Teleservices during FY26. This increased their stake to 94.3% and helped pay government dues. The board meeting on June 12 will discuss Air India, Tata Digital, and Tata Teleservices. Tata Sons has also repaid all loans and bought back Docomo's stake.
As india and US continue their trade negotiations in Delhi US President Donald Trump today said he expects the two countries to reach an agreement soon. Speaking to reporters at the White House on Thursday, Trump also spoke warmly about Prime Minister Narendra Modi, describing him as a “good friend” and suggesting they share a strong relationship.
“I started modelling in college and earned Rs 2000,” said one of the biggest fashion designers in India. Little did that teenager know that not only would he dress all of Bollywood, but also win awards for it, achieve global recognition, and become every Indian bride’s dream designer for her big day.
The Indian government has announced a ₹10,000-crore jet fuel price stabilisation fund to help domestic airlines cope with rising global fuel prices due to the West Asia crisis. Airlines can opt to buy ATF at a fixed benchmark rate, with the effective selling price in major cities ranging from ₹114.5 to ₹139 per litre. The scheme is voluntary and will remain in place for up to 36 months.
India and Venezuela have agreed to enhance their energy partnership, with a focus on both upstream and downstream activities. India views Venezuela as a reliable energy partner due to its size and long-term demand growth. The countries also discussed expanding cooperation in mining and critical minerals. India also brought up the issue of pending dividends owed to ONGC Videsh.
PM Surya Ghar: Muft Bijli Yojana, launched in 2024 with a budget of ₹75,021 crore, has surpassed 40 lakh beneficiary households in two years and is expected to reach 75 lakh by December 2026. The scheme has witnessed remarkable progress with 65 lakh applications and 3 lakh rooftop solar installations per month. The ULA model is being expanded to boost adoption.
The Indian government is taking steps to reduce its reliance on imports by forming six working groups to identify 100 products not produced in India at scale. Led by the Secretary of DPIIT, the groups will focus on electronics, pharmaceuticals, and energy. This could help reduce the trade deficit and ease pressure on the economy.
The Bangalore Metro Yellow Line has been facing overcrowding during peak hours, causing inconvenience to daily commuters. In response, the BMRCL has added two extra trains, improving service frequency and reducing waiting times. The revised schedule includes trains running every 7 minutes during weekdays and every 10 minutes on weekends.
South Central Railway has announced a special weekly train service between H.S. Nanded and Hazrat Nizamuddin Railway Stations to manage the high passenger demand during the summer season. The train will run every Saturday and Sunday, covering important stations in Maharashtra, Madhya Pradesh, and Uttar Pradesh. This will provide relief to pilgrims and tourists travelling between Delhi and Nanded.
South Central Railway has announced special train services between Bilaspur and Yelahanka to meet the increased passenger demand during the summer travel season. The trains will operate via Secunderabad and Guntakal, halting at important stations in Chhattisgarh, Telangana, Andhra Pradesh, and Karnataka. The services are expected to reduce waiting lists and ease overcrowding on regular trains.
Maruti Suzuki has launched the country's first flex-fuel passenger vehicle, the Wagon R Flex Fuel, as part of the government's ethanol mobility programme. The government plans to roll out 5,000 flex-fuel fuel stations by end-2027, with initial focus on Delhi-NCR and Mumbai-Pune-Nagpur corridors.
FPIs have reduced their exposure to India's financial sector, with heavy selling in financial services, IT, and FMCG stocks. This is due to the sector's dominant weight in the listed universe and high foreign ownership. Other sectors, such as consumer services and automobiles, also saw notable outflows.
ESIC faces challenges and requires reform, but privatisation is not the answer. Private insurance is costlier and offers lower benefits than ESIC. Privatisation would harm workers and businesses. ESIC should focus on operational reform and process re-engineering to enhance service and coverage. Privatisation would deny insurance to low-income workers.
The conflict in the Strait of Hormuz has caused a surge in war-risk insurance costs for tankers, hindering commercial traffic. This has led to higher freight rates, vessel rerouting, and disruptions in tanker economics. It is estimated that it will take weeks or months to clear the congestion, even after a ceasefire is reached, creating a "stop-start" pattern that has damaged market confidence.
Wockhardt's new antibiotic, Zaynich, is the first Indian-developed drug to receive US FDA approval. It targets multidrug-resistant pathogens and has shown high efficacy rates in clinical trials. This breakthrough may encourage more drug discovery in India, as the country faces a growing threat of antimicrobial resistance.
A new study by the National Foundation for American Policy (NFAP) has found that immigrants founded or co-founded the majority of privately held US startup companies valued at $1 billion or more, with Indians emerging as some of the most successful entrepreneurs in the country.
IIT Roorkee will not relax the 75% eligibility criterion for JEE admissions despite CBSE marks controversy. The institute is working with CBSE to address concerns of affected candidates. The criterion is mandatory for IIT and NIT admissions and was reintroduced after being temporarily relaxed during the pandemic.
Lalit Modi, founder and first chairman of the Indian Premier League (IPL), predicts that 15-year-old Vaibhav Sooryavanshi, a rising star in the Rajasthan Royals team, will transcend the sport and become a global icon surpassing even the biggest names in Hollywood and football. Modi is impressed by the teenager's fearlessness.
Toyota Kirloskar Motor has launched a new update for the Innova Crysta, with prices ranging from Rs 19,72,000 to Rs 26,63,000. The Innova Hycross, with its petrol and strong-hybrid powertrains, is becoming the preferred choice among urban and family buyers, leading to a decline in Crysta sales.
The IMD has announced the arrival of southwest monsoon in Kerala, after its earlier prediction of an early onset failed. The monsoon is expected to reach several other states in the next few days. The delay is due to weak winds. The monsoon is crucial for agriculture and the economy.
India's data centre industry is booming, with a predicted three-fold increase in demand by 2030. This is fueled by the country's growing digital economy and the rising need for AI infrastructure. The domestic AI market is expected to reach $131 billion by 2032, driving the need for more data centres.
Rupert Murdoch was deceived into paying a hefty sum for a contract with Lalit Modi's ESPN Star Sports, even though the Champions League T20 was cancelled due to a terrorist attack. Modi's clever clause forced Murdoch's network to pay, despite his refusal to accept a buyout. Though he gained a powerful enemy, Modi claims to have protected the financial interests of the cricket boards.
Telangana's Cabinet Committee on Economic Affairs has approved the widening of key highway stretches into 4-lane roads, including the Armoor-Jagtial-Mancherial stretch of NH-63 and the Jagtial-Karimnagar stretch of NH-563. This will reduce travel time by 1 hour 30 minutes and 45 minutes respectively, and improve connectivity to economic, social, and logistic hubs.
The Cabinet has approved the construction of a new coastal highway between Rameshwar and Paradeep in Odisha. It aims to reduce travel time by 2.5 hours and improve connectivity between four districts. The project will be developed in two packages and is expected to boost economic growth by connecting nine economic nodes and five logistics hubs.
The RBI's policy decision tomorrow is crucial as the rupee weakens and inflation rises. Economists expect a cautious approach with possible FX package and rate hikes. Inflation to remain high for 2-3 quarters, but slow economic growth may prevent aggressive tightening. Indian rupee may need more support, and investors will closely watch for hawkish signals.
Jensen Huang, the billionaire CEO of NVIDIA, is known for his transparent leadership style and disciplined mindset. His morning routine includes reading, working out, and avoiding emails. He prioritizes group communication and believes in living with purpose. This mindset has contributed to NVIDIA's historic success and reminds Huang of his long-term goals.
Indian Railways has introduced a new stoppage at Shahjahanpur Junction railway station on the Lucknow–Dehradun Vande Bharat Express, providing a faster and more convenient travel option for passengers living in Madhya Pradesh and nearby areas. The train will arrive and depart at specific timings from Shahjahanpur, making long-distance travel smoother and more comfortable.
Motilal Oswal reiterates 'Buy' rating on ICICI Bank with a target price of Rs 1,750, expecting a 41% upside potential. The brokerage believes the bank is entering a phase of growth with broad-based loan growth, strong deposit franchise, stable margins, efficient technology investments, and solid asset quality. Investors should watch for consistent growth.
The UDF government in Kerala has released a White Paper on the state's finances, exposing high levels of public debt and liabilities. Concerns have been raised over low capital expenditure and increasing liabilities from loans and PSU losses. The government is urging for fiscal discipline and private investment to maintain welfare commitments and sustainability.
The 2026 FIFA World Cup, hosted by Canada, Mexico, and the US, will not only showcase the world's best footballers, but also the impact of climate change on the tournament. Rising temperatures are affecting player performance, tactics, and safety, and researchers warn that it is no longer just a backdrop, but a crucial part of the game.
Citi Research has identified power transmission as a key investment theme in India and initiated coverage on four electrical equipment companies. Hitachi Energy India, GE Vernova T&D India, CG Power and Industrial Solutions, and Siemens Energy India are top picks, expected to benefit from the country's infrastructure buildout and global investments.
The Delhi government has revoked its B&B policy after a fatal fire at a Malviya Nagar B&B that claimed 21 lives. The policy aimed to regulate small lodging providers and increase affordable options for tourists, but violations were found, including safety issues.
Pune's IT industry is in turmoil as Thynk Tech India OPC Pvt Ltd becomes the fifth company to shut down suddenly, leaving 700-1,000 employees unemployed. The CEO has been arrested for cheating, and investigations show a trend of charging security deposits and not paying salaries. This is the fifth closure in 8 months, shedding light on the growing crisis in Pune's IT sector.
Israeli Prime Minister Benjamin Netanyahu said he and US President Donald Trump remain largely on the same page about the war with Iran, even though they may disagree on some tactical issues.
Adani Power vs NTPC: Two leading thermal power companies in India, have shared similar messages after their FY26 results. They both expect earnings growth to come from expanding contracted capacity, project execution, and power purchase agreements, rather than short-term tariff gains.
RBI Deputy Governor Swaminathan J stressed the importance of building resilience in the banking sector through transparent stress recognition, stronger balance sheets, sharper supervision, adaptive regulation, and resilient internal bank practices.
Trent's stock price fell 35% due to its first-ever bonus share issue, causing investor confusion. However, this will not result in a loss of shareholder wealth as the stock price will adjust accordingly. Shareholders will receive one extra share for every two they own on June 4, along with a final dividend of Rs 6 per share. This is Trent's first bonus issue.
Lalit Modi, former IPL chairman, denies being a fugitive and blames media for damaging his business reputation. He claims legal uncertainty and public allegations have hindered his ability to rebuild or expand commercial ventures. Despite facing investigations, he argues that no criminal charges have been filed and questions the practicality of his arrest.