The Digital Commerce Coalition has been established by a number of ecommerce and quick commerce businesses. The goal of this industry-led coalition is to promote the long-term development of the ecosystem supporting online commerce. Zopto, Amazon, Swiggy, Eternal, and Meesho are among the first members of the alliance. With the
The 'Make in Haryana' Industrial Policy, an ambitious undertaking, has been unveiled by the Haryana government. Subsequently, targeting the generation of 10 lakh jobs and the attraction of INR 5 lakh Cr in investments. The move is part of the state's strategy to become a centre
On June 1st, artificial intelligence (AI) powerhouse Anthropic revealed that it has secretly filed for an IPO in the United States. Investors are rushing to get in on the AI boom, which might lead to a record-breaking share sale. Anthropic, PBC, formally filed a preliminary registration statement with the US
Wipro has increased its ownership of Aggne, a technology services and consulting company that provides services to the property and casualty (P&C) insurance sector, to 80% in exchange for $28.5 million in cash. Wipro will have an even greater edge in the insurance market after purchasing an
For INR 125.13 crore, Amazon Data Services India bought 10.6 acres of land in the Mumbai metropolitan region (MMR) from Lodha Developers. The land is located in Palava, Thane, as indicated by transaction-related documents that were referenced in media reports by a real estate data analytics firm. In
Here's your daily funding and key business news roundup for June 1, 2026: Indian startups saw a broad and active funding day to open the month, with clean-label food brand Anveshan closing a Rs 150 crore Series B and EV maker Simple Energy raising Rs 250 crore ahead
Gold and silver prices in India on 1 June 2026 opened the month on a mixed but eventful note. Gold futures on MCX traded lower, pressured by a strengthening US dollar and market caution around a potential Iran ceasefire decision by US President Donald Trump. Silver, however, bucked the trend,
In a press statement released on 1 June, the Open Network for Digital Commerce (ONDC), which is funded by the government, announced that it is currently booking over 300,000 metro and bus tickets per day across its network. According to the release, ONDC is helping to speed up the
The first personal laptop computers designed for the operation of artificial-intelligence "agents" were unveiled by Nvidia. These computers utilise a newly developed variant of the company's signature AI chips. New personal computers will have a thickness of no more than 14 mm and a weight of
On May 31, the U.S. Department of Commerce issued instructions. These proposed guidelines would now seal a possible window of opportunity for the export of advanced chips. AI chips from brands such as Nvidia's Blackwell and Rubin processors, AMD's MI350x, and others now will not
The food safety authority in India, FSSAI, has contacted the fast-commerce platform Blinkit to request an explanation. An individual who claimed to have become ill after eating curd purchased on the platform has contacted FSSAI. A customer of the online grocery store Blinkit allegedly became sick after eating curd he
Scripbox, one of India's leading wealth management firms, has made a strategic acquisition of the mutual fund distribution business of Delhi-NCR-based Bluechip Capital, one of North India's most respected independent wealth management businesses, founded and led by Mr Ravi Kohli for 33 years. The acquisition ensures
SentinelOne intends to lay off about 8% of its employees. This move comes as the cybersecurity firm shifts its focus to data, cloud, and artificial intelligence projects. Having said that, it has offered a reduced forecast for the current quarter and generated revenue that is weaker than projected. Along with
Under its Healthy Mode service, Zomato has introduced a new tool called "Healthy Subscriptions" that allows users to pre-plan nutritious meals from participating eateries. Users can subscribe to a curated 3-, 5-, or 15-day meal plan for lunch and dinner using this service. In addition, clients have the
Officeworks, a massive retailer in Australia, plans to send hundreds of jobs to third countries like India and the Philippines. According to several media reports, the move is a component of a comprehensive company makeover aimed at reducing expenses and increasing productivity. Earlier this week, the corporation informed dozens of
In its pursuit of operational excellence, Starbucks Corp. is linking the bonus payments of the majority of its IT employees to the extent to which they make use of artificial intelligence. According to various media reports, tech personnel will have a quarter of their bonuses tied to department-wide targets, one
By 2030, Reliance Consumer Products (RCPL), the fast-moving consumer goods (FMCG) division of Reliance Industries, anticipates a "multifold" increase in revenues. According to RIL's FY26 annual report, the brand aspires to become a global leader in branded consumer products. Reliance announced that RCPL will maintain its
Indian startups saw deeptech and defence-adjacent deals dominate on Thursday, 28 May 2026, with semiconductor startup C2i Semiconductors extending its Series A to $16.7 million and drone avionics firm ZeroDrag closing a Rs 6.5 crore seed round. On the business front, the Supreme Court delivered a landmark blow
Gold price today in India stands at ₹15,643 per gram for 24 carat gold (₹1,56,430 per 10g) as per the national bullion association rate updated at 14:25 IST on Thursday, 28 May 2026, down approximately ₹810 or 0.52% from Wednesday's association close of
Brand launches a digital-first film series rooted in the truth that no two periods, and no two women, are alike.
On May 28, Bajaj Finserv announced the introduction of "Finserv Intelligence." It is a hub for group-wide applied research and innovation in areas such as digital financial services, quantum technologies, cybersecurity, and artificial intelligence (AI). The move comes as the financial services giant places a strategic wager on
Nissan Motor India Pvt. Ltd. has strengthened its presence in Tamil Nadu by inaugurating the Autorelli 1S Nissan showroom in Chennai. A state-of-the-art showroom measuring 3,800 sq. ft. is available at the site, and it can showcase six vehicles. The outlet is designed to meet Nissan's global
By the beginning of next year, American Airlines Group intends to have increased the number of workers at its Hyderabad technological hub in India from 400 to 800. This growth is indicative of a general tendency among MNCs to pour more money into India's global capability centres (GCCs)