Fintech platform CRED announced a significant funding round of Rs 8,550 crore led by Meta, coinciding with founder Kunal Shah's departure as CEO to take on the global leadership role for WhatsApp.
'It shows that access to these technologies cannot be taken for granted.'
Investors are keenly awaiting clarity on Reliance Jio Infocomm's IPO, the company's AI and data centre strategies, and next-generation leadership structure at Reliance Industries Ltd's (RIL's) 49th annual general meeting (AGM).
A senior Pakistani defence official, Lt Gen (retd) Mazhar Jamil, claimed that India's long-range missile development indicates ambitions to become a global nuclear power capable of threatening Western capitals, urging international attention to India's military modernisation. He also reiterated Pakistan's commitment to deterrence stability in South Asia.
The International Monetary Fund (IMF) has reduced India's growth forecast for FY27 to 6.4 per cent, citing the potential impact of higher energy prices offsetting the country's economic resilience. Despite this, India remains among the fastest-growing major economies.
India's finance ministry anticipates inflation will remain relatively contained in the coming months, supported by a correction in crude oil prices and softening input costs following the cessation of the West Asia conflict, despite earlier spikes in wholesale and retail inflation.
Delhi is set to establish its first underground Chemical, Biological, Radiological and Nuclear (CBRN) command centre at the new Delhi Fire Services headquarters, a facility designed to ensure uninterrupted coordination and protection for personnel during nuclear warfare, radiological leaks, or chemical disasters.
Amid the sea of green that washed over Mexico City after the country's World Cup victory over Ecuador on Tuesday, one shop defiantly hoisted the Ecuadorian flag and welcomed all the downtrodden fans of Mexico's opponents to a place of refuge. Welcome to the Losers Cafe, a coffee shop in the cosmopolitan neighbourhood of Condesa that is comforting fans of the losing teams.
"With the leverage available, I believe the scheme remains reasonably attractive," said P D Singh, India and South Asia Chief Executive Officer, Standard Chartered Bank, regarding the Foreign Currency Non-Resident (Bank) or FCNR (B) deposits.
Future Capital Holdings has decided to venture into the hedge fund business in the next three months.
The Badminton World Federation (BWF) has announced its World Tour Calendar for 2027 and 2028, featuring a 35-tournament global circuit. The India Open Super 750 will see its dates shifted to February 2027 and January 2028, while the Syed Modi India International has been downgraded to a Super 100 event. The new calendar also introduces a 3x15 scoring system and extended competition windows to enhance player welfare and global reach.
The Badminton World Federation (BWF) has announced its World Tour Calendar for 2027 and 2028, featuring a 35-tournament global circuit. The India Open Super 750 will see its dates shifted to February 2027 and January 2028, while the Syed Modi India International has been downgraded to a Super 100 event. The new calendar also introduces a 3x15 scoring system and extended competition windows to enhance player welfare and global reach.
Abhijeet Dipke, founder of the Cockroach Janata Party (CJP), has announced plans for nationwide protests if Union Education Minister Dharmendra Pradhan does not resign by June 13 over alleged irregularities in examinations and recruitment tests, following a peaceful agitation at Jantar Mantar.
The Union Housing and Urban Affairs Minister's announcement of four 'Namo Cities' aims to decentralise development and decongest Delhi, but experts warn that the initiative may face execution challenges similar to previous urbanisation plans due to inadequate coordination among NCR states.
Union Steel Minister HD Kumaraswamy has urged the Indian steel industry to adopt advanced technologies like AI, Machine Learning, and IoT to enhance global competitiveness and productivity. Speaking at a Chintan Shivir, he highlighted that digitalisation is crucial for achieving ambitious steel capacity targets by 2035 and addressing challenges such as operational efficiency, decarbonisation, and export competitiveness. The minister also emphasised how technology can improve safety and reduce downtime in steel plants.
The Congress-led UDF is set to move a no-confidence motion against the BJP-led administration in the Thiruvananthapuram Municipal Corporation. This move comes as the BJP faces a fragile majority, exacerbated by a councillor's arrest and the invalidation of oaths for 20 councillors. The UDF cites administrative paralysis and mismanagement, while the LDF's stance on supporting the motion remains a key factor.
Info Edge, the parent company of naukri.com, has invested over 1,000 crore in more than 50 artificial intelligence (AI) and deep-tech startups since 2020, demonstrating its commitment to fostering India's emerging technology ecosystem.
For the foreseeable future, the most likely outcome remains continuation of the status quo. Taiwan will remain self-governing without formally declaring independence, while China continues to apply sustained pressure short of war, predict Krishnan Srinivasan and Manoj Mohanka.
The remarkable rise of smallcaps reflects the emergence of a broad set of specialised businesses operating in industries where the sectoral tailwinds remain considerably stronger than macroeconomic headwinds, points out Debashis Basu.
Future Capital will be the first company to hit capital market as it is set to release its IPO at a fixed price band of Rs 700-765 per share.
Info Edge (India), the company behind Naukri.com, has seen its startup investment portfolio, spanning AI, deeptech, and consumer tech, grow to Rs 41,300 crore from an investment of Rs 4,900 crore since 2007. This significant valuation increase comes despite headwinds in its core recruitment business, which has been impacted by weak hiring trends and IT sector uncertainty.
Taxability in property transactions depends on the actual source of funds and beneficial ownership, not on whose name appears in the purchase agreement.
Adani group companies reported a record capital expenditure of Rs 1.53 lakh crore (USD 16.1 billion) and an all-time high EBITDA of Rs 94,834 crore (USD 10 billion) in the 2025-26 fiscal year, signalling an accelerating infrastructure expansion cycle while maintaining leverage below its stated target.
L'Oral has announced its acquisition of a majority stake in Innovist, an Indian direct-to-consumer (D2C) personal care company, marking a significant expansion in India's rapidly growing beauty industry.
Tennis legend Serena Williams' highly anticipated return to competitive action at Wimbledon after a four-year hiatus concluded with a 6-3 6-7(6) 6-3 defeat to Australian qualifier Maya Joint in the first round. Despite flashes of brilliance and fighting back from a match point, Williams was unable to overcome the 20-year-old, who secured the most significant victory of her career.
Amazon plans to significantly expand its use of automation and advanced robotics, including systems like the SLAM labeler, across its Indian fulfilment centres. The company, which has committed substantial investments in India, also highlighted its global rollout of autonomous robots like Proteus and cautioned against premature AI regulation that could stifle innovation.
Future Capital Holdings has had a troubled past, but Vice-Chairman & Managing Director V Vaidyanathan has an ambitious gameplan. Can he pull it off?
Over 6,000 young people from diverse backgrounds participated in the MY Bharat Youth Convention in New Delhi, interacting with Sports Minister Mansukh Mandaviya and other dignitaries. The convention highlighted the crucial role of youth in nation-building and underscored India's significant demographic advantage.
US President Donald Trump claimed on Tuesday that Tehran has consented to long-term, comprehensive monitoring of its nuclear infrastructure. Concurrently, Washington will ease shipping constraints in the Strait of Hormuz and release bound financial concessions, subject to stringent American oversight.
Beijing clearly intends to extend the China-Myanmar Economic Corridor to Bangladesh as part of its larger Maritime Belt and Road Initiative to boost its Indian Ocean presence.
A simple SIP-first approach can help reduce debt, avoid EMIs and build lasting financial freedom through disciplined spending, advises Ramalingam Kalirajan
Zelle, a major US peer-to-peer payment service, is set to launch in India by the end of this year, marking its first international expansion. The move aims to tap into India's large remittance market, offering a service similar to UPI but integrated with bank apps. Zelle also introduced ZelleUSD, a stablecoin for future global payment capabilities.
Tamil Nadu BJP leader K Annamalai met with Union Home Minister Amit Shah amid speculation about his departure from the party and potential launch of a new political outfit.
In a statement issued following the announcement of the US-mediated deal, Qassem characterised the agreement as a 'humiliating' and 'shameful' surrender of Lebanese sovereignty that prioritises Israeli and American dictates over the nation's independence.
Haryana is revamping its 2015 Sports Policy to focus on long-term talent development for future Olympians, moving beyond just prize money and jobs. Key initiatives include 'Mission Olympics-2036 Vijayee Bhavah' for young athletes and the 'Khelo Haryana App' for integrated athlete services. The state aims to strengthen athlete welfare, infrastructure, and institutional support.
rediffGURU T S Khurana answers readers' personal income tax queries
Alireza Beiranvand produced seven saves, including a stunning contender for save of the tournament, as Iran held Belgium to a 0-0 draw at the FIFA World Cup.
The performance capped an extraordinary journey from poverty and homelessness to national hero.
Indian javelin thrower Neeraj Chopra finished fourth in the Doha Diamond League with a throw of 85.69m, marking his return to competition after multiple injuries. Despite not winning, Chopra expressed satisfaction with his performance, stating he focused on reaching the competition stage without extra pressure. He confirmed his participation in the upcoming Commonwealth Games and discussed his recovery process and the growing competition in South Asian javelin.
Official data reveals that Delhi recorded 141 dowry death cases in 2021, the highest in five years, with a subsequent gradual decline. The COVID-19 pandemic is cited as a factor exacerbating domestic tensions. Cases of cruelty by husband or relatives under Section 498A also show significant numbers, alongside efforts to strengthen prosecution and increase awareness.
The Delhi government has approved the Delhi EV Policy 2.0, which will phase out fresh registrations of internal combustion engine (ICE) two-wheelers and three-wheelers over the next two years, starting with a ban on ICE 3Ws and N1 category LCVs from January 1, 2027, and ICE 2Ws from April 1, 2028.
