In an announcement made on the evening of June 12th, the San Francisco-based business Anthropic stated that Mythos 5 and Fable 5 had been ordered suspended by the US Department of Commerce for "national security" grounds; however, no other information was provided. In contrast to Mythos 5, which
According to the most recent Patent Co-operation Treaty (PCT) rankings, Reliance Industries' technology subsidiary Jio Platforms has broken into the top 20 worldwide. The listing was recently made public by the World Intellectual Property Organization (WIPO). For the year 2025, Jio Platforms (JPL) jumped 320 spots. Consequently, it has
A giant leap forward has been made by digital payments unicorn Razorpay towards its public market debut. Under the SEBI's confidential filing procedure, the company has already submitted a DRHP to the stock exchanges and the regulator in India. The proposed initial public offering (IPO) of the Bengaluru-based
In a June 12 announcement, e-commerce company Meesho Ltd stated that it has acquired Kirana Club Pte. Ltd and Retail Pulse Labs Private Ltd for a total of INR 202.08 crore. The acquisition is aligned with firm's objective to strengthen its foothold in India's thriving
On June 12th, Tata Consultancy Services unveiled the Oracle AI Data Platform Lab and Centre of Excellence (CoE) in India. The purpose of establishing these hubs is to facilitate the rapid adoption of data-driven transformation and artificial intelligence by businesses. Together with Oracle, the team at Kolkata's Delta
On June 11th, Kumar Mangalam Birla, Vodafone Idea non-executive chairman, tried to assuage investor fears on the revival chances of the telecom company. This means that the firm has successfully navigated a very challenging period. Shareholders authorised an investment of INR 4,730 crore from the Aditya Birla Group through
Lenskart Solutions, an eyeglasses company, had a 2.3% share purchased on June 11th by a group of global financial institutions led by Goldman Sachs, Morgan Stanley, and Societe Generale. In open market transactions, these shares were acquired from the Abu Dhabi Investment Authority for INR 1,960 crore. On
121 Finance, a leading NBFC-Factor, has crossed ₹10 crore in cumulative disbursements through GeM Sahay, the credit facility integrated with the Government e-Marketplace (GeM). The company has disbursed over 2,600 loans to more than 400 MSMEs across 173 cities in 27 states, helping small suppliers access working capital against
Fresh funding has allowed quality-focused fast-commerce start-up FirstClub to speed up its expansion plans. The next step for the business is to expand to about fifty clubhouses in the Hyderabad and Bengaluru areas. During the following six months, it will expand its clubhouse and explore new product areas. The Bengaluru-based
Gold and silver prices in India today, 12 June 2026: 24K gold rose to ₹1,49,790 per 10g and silver climbed to ₹2,41,960 per kg, as COMEX gold surged 2% and silver jumped 4% on easing crude oil prices and end-of-week short covering. Check city-wise rates, MCX futures, and buying tips.
Retail petrol stations are no longer allowed to sell petrol and diesel to businesses, institutions and industries due to a government ban. Also, due to geopolitical tensions and worries about interruptions to global petroleum supply lines, it has limited diesel sales to 200 litres per client or vehicle each day.
As the biggest initial public offering (IPO) to date, SpaceX is set to make its debut on June 12 in the US public markets. It is widely anticipated that OpenAI and Anthropic, two giants artificial intelligence (AI), will soon go public. As a result of a recent rule change implemented
An increase in the percentage of ethanol in petrol has resulted in the elimination of excise taxes by the central government. This is a necessary step for the eventual widespread use of fuels with ethanol concentrations higher than 20%. This came to light at a time when India is actively
Deeptech, healthtech and consumer brands led India's funding activity on 11 June 2026, with seven rounds recorded through the day. Ethereal Machines topped the list, raising ₹272 crore (~$28.5 million) in its Series B, while precision oncology firm 4baseCare closed its Series B at ₹128 crore. Manam
Gold and silver prices fell further across Indian markets on Thursday, 11 June 2026, as hotter-than-expected US inflation data reinforced fears of prolonged interest rate hikes. The US Consumer Price Index for May 2026, released on 10 June, showed headline inflation rising 4.2% year on year — the highest reading
A significant reduction in the prices of OpenAI's artificial intelligence services is being considered. The move is part of their strategy to steal customers from Anthropic. Media sources indicate that the corporation is considering a steep price reduction for tokens, the unit of measurement used by AI companies
Cognizant, a multinational information technology company, has generated an extra $200 million in sales potential. The company accomplished this by implementing an AI-driven system that analyses corporate interactions such as emails, chats, meetings, and more in order to identify new business prospects. In a statement, the Nasdaq-listed firm explained that
Zepto, a rapid e-commerce platform, saw its user base fall for the first time in the quarter ending in March. In the December 2025 quarter, there were 49.54 million Zepto users; in March 2026, that number dropped to 47.97 million. Despite massive advertising expenditure and an overall increase
On June 11th, Tata Consultancy Services (TCS) and Anthropic, the pioneering AI firm behind Claude, established a worldwide strategic alliance. This partnership will aid clients in expanding their use of AI within their organizations. By providing early access to the Claude model family, TCS will establish a specialised business unit.
The real estate technology firm Opendoor, headquartered in the United States, has declared that it will be terminating its operations in India and laying off approximately 250 workers there. Opendoor 2.0 was launched a few months ago with almost 250 people in India, according to a memo written by
Prior to the scheduled opening of commercial operations on June 15, the Noida International Airport (NIA) successfully conducted a flight trial on 9 June. Using an IndiGo jet, the study evaluated the launch-support operation's coordination of several components. The airport administration said in a press statement that on
Vaishnaw told a media agency that the government is consulting with business leaders to find the optimal regulatory strategy that won't hamper innovation. This is a really complicated subject, Vaishnaw said. While he acknowledges that the IT Act has allowed for some progress, he believes that a new
Another round of layoffs is allegedly underway at Salesforce. The most recent round of layoffs included personnel who had been involved in the company's Agentforce AI platform. The most recent round of layoffs follows months of speculation that Salesforce may officially adopt the Agentforce name, as floated by