Oracle has cut over 21,000 jobs worldwide in the last year as it speeds up its AI makeover. It is spending big on its AI infrastructure and data centers this fiscal year, with a targeted capital investment of $70 billion, to support customers like OpenAI.
Lucid Group said it will reduce about 1,800 jobs and eliminate the chief operating officer position as part of a major reorganisation plan that’s expected to generate about $158 million in annual savings.
Gold and silver prices in India today, 23 June 2026. 24K gold fell to ₹1,45,910 per 10g and silver dropped to around ₹2,45,000 per kg. A hawkish Fed stance and a stronger dollar weighed on bullion. Check city wise rates and MCX data.
A recent cybersecurity vulnerability was discovered by Tata Electronics, the company announced on June 22. According to experts, the Indian group's clients Apple and Tesla were among those whose component design and specification papers were leaked by World Leaks. In an interview with a news outlet, security researchers
The messaging platform WhatsApp revealed this week that Cred founder Kunal Shah will be taking over as CEO. As a result, the serial fintech entrepreneur is now at the helm of the biggest messaging platform in the world. As part of this acquisition, Cred will receive a $900 million investment
Renault India has commenced global exports of the new Duster with the dispatch of 750 India-made SUVs from Chennai to South Africa. The product built on the Renault Group Modular Platform and with a 5-star Bharat NCAP rating.
Monday, 22 June 2026, brought fresh IPO and regulatory developments across India's startup ecosystem. EV logistics startup Zypp Electric revealed plans for a $150–200 million IPO in FY28, appointing Axis Capital, SBI Capital Markets, and DAM Capital as bankers ahead of a pre-IPO round. Insurtech Turtlemint'
Tata Motors is embedding AI into car development, manufacturing, customer service, and labour management. The automaker is investing INR 2,836 crore in R&D to develop software-defined vehicles, connected technologies and AI-powered operations.
Last week, U.S. President Donald Trump hinted that he may have considered the AI firm Anthropic a danger to national security. But now, as revealed in an interview that was released on June 19th by "The Axios Show", he no longer does. Earlier this week, senior technical
Maruti Suzuki has tied up with the Gujarat government for setting up advanced manufacturing labs at five ITIs under its CSR project. The project is aimed at improving employability through hands-on training on modern industrial processes.
Zypp Electric has appointed Axis Capital, SBI Capital Markets and DAM Capital as bankers for a potential $200 million IPO in FY28. The EV logistics business is also looking to raise $40-50 million in pre-IPO funding round.
Gold and silver prices in India today, 22 June 2026: 24K gold climbed to ₹1,48,920 per 10g, up 0.93%, while silver jumped 2.33% to ₹2,39,300 per kg, as bullion markets recovered after last week's hawkish Fed-driven sell-off. Check city-wise rates and MCX data.
Storia Foods and Beverages Private Limited and Mrs. Bectors Food Specialities Limited, producers of English Oven bread, were fined INR 1 lakh each by the Central Consumer Protection Authority (CCPA). They were found guilty of misleading consumers about the ingredients in their food items by using the word "100%
A seven-year supply agreement worth $530 million (approximately INR 5,000 crore) has been inked between group company Jaguar Land Rover and Tata group electric-vehicle battery arm Agratas. Company disclosures and an executive with knowledge of the agreement indicate that it will commence this fiscal year. According to a resolution
Launched in February, Bharat Taxi is a cooperative-led ride-hailing business with ambitions to grow to 55-60 smaller cities. Over the next three to six months, these cities would be covered, according to a top official. Cities include Kanpur and Gorakhpur in Uttar Pradesh, villages in Rajasthan, and satellite communities surrounding
Orders for more than 3,400 electric commercial vehicles (eCV) have been obtained by commercial vehicle manufacturer Tata Motors. These orders are from the freight, logistics and passenger mobility categories as of June 21st. From e-commerce and logistics to cement, steel, mining, and tarmac operations, as well as inter- and
Gold and silver prices in India today, 20 June 2026: 24K gold held steady at ₹1,47,530 per 10g and silver at ₹2,33,820 per kg, as the MCX remained shut for the weekend following Friday's sharp Fed-driven sell-off. Check city-wise rates and Friday's closing MCX data.
As the fintech firm Cred extends its payments strategy, CEO Kunal Shah informed colleagues in an internal mail that the number of customers for its biometric verification function for UPI payments is approaching 10 million. In March, the business introduced biometric authentication for UPI payments. This step eliminates the need
A draft IPO paperwork revealed that Jio Platforms Ltd. intends to repay its telecom unit's over $3 billion in external commercial borrowings with a portion of the funds from its proposed initial share offering. On June 19, the preliminary paperwork for an IPO involving the issuing of up
In the Indian e-commerce sector, Flipkart Group has increased its lead. Myntra has further solidified its position as the leading online fashion retailer, as per a report by Bank of America Securities (BofA). Even though there is a lot of competition in the internet industry, the survey says that consumer
Mukesh Ambani, chairman and managing director of Reliance Industries, laid out the company's plan for AI on June 18th. He announced that by the end of 2026, the first 120 MW of the company's artificial intelligence (AI) infrastructure will be operational in Jamnagar, thanks to the
Porsche Centre Hyderabad, the country's largest facility, was inaugurated on 18 June by the German luxury manufacturer Porsche India. The move is part of the brand's strategy to fortify its foothold in one of the most dynamic business and technology centers in India. This new facility,
A landmark day for Indian markets as Jio Platforms formally filed its draft red herring prospectus with SEBI, kicking off what could be one of India's largest IPOs. On the venture capital front, HealthQuad announced the first close of its healthcare-focused Fund III at ₹550 crore. Meanwhile, insurtech