‘Indian IT is currently generating up to $12 billion in AI services revenue, with more than 2 million professionals skilled in AI and 100,000 to 200,000 trained in advanced AI capabilities’

Three-month review of board records and interviews found no evidence supporting the allegations.

The attack followed a joint declaration by the Gulf Cooperation Council (GCC) states, including Oman, after a meeting attended by the United States, stating that there should be no “tolls, fees, or attempts to assert control over the strait.”

Taxpayers dissatisfied with income tax orders can file an appeal using Form 35. This process requires submitting relevant documentation and fees, and the appeal must be filed within 30 days of receiving the order. Full details here.

Zerodha Fund House has launched the life cycle fund series, becoming the first AMC to offer target-date mutual funds in the Indian mutual fund industry. The life cycle fund category was introduced by SEBI in February 2026.

A report suggests Cody Rhodes will successfully defend the Undisputed WWE Championship in the triple-threat clash against Gunther and Sami Zayn, keeping him on course to enter SummerSlam as champion.

Washington alleges Tehran launched drones at Gulf vessels despite agreement aimed at easing hostilities.

United Nations agency halted the evacuation of ships through the Strait of Hormuz after the British military said a vessel was hit by a projectile off the coast of Oman.

Creditors and stakeholders negotiate a resolution after years of legal and financial turmoil.

Knight Frank says moderation reflects changing global capital dynamics, with office assets attracting nearly 89% of private equity investments during the first half of 2026.

Wilson also said that around eight more new or retrofitted wide-body aircraft would enter service this year, including a new B787-9 arriving this weekend.

Silver Consumer Electricals, renowned for its pumps and motors, has successfully raised Rs 150 crore through a pre-IPO secondary share sale. A 2.59% stake was sold by a promoter group member to investor Riyaz Suterwala, paving the way for its upcoming initial public offering. With its DRHP filed last August, the Rajkot-based company aims to secure up to Rs 1,400 crore to address debt and enhance corporate operations.

Adding its Rs 3.75 crore preview collections, Akshay Kumar starrer has so far accumulated Rs 14.01 crore net and Rs 16.61 crore gross at the Indian box office.

Cocktail 2 has now accumulated Rs 73.66 crore net and Rs 87.80 crore gross at the Indian box office, as per Sacnilk data.

Nasscom also said around 85% of technology service providers now have agentic AI platforms, signalling a rapid shift towards autonomous AI systems capable of executing complex tasks with minimal human intervention.

The indictment against Bolton came as Trump pushed Justice Department officials to investigate and prosecute his perceived political enemies, including former FBI Director James Comey and New York Attorney General Letitia James.

Light aircraft reportedly strikes CITIC Tower as debris falls from 109-storey China Zun; authorities yet to issue official statement.

The Norway national football team vs France national football team match will get underway at 12:30 a.m. IST on Saturday and can be watched on the Unite8 Sports television channels, and ZEE5 app and website.

Micron Technology corrected sharply and plunged as much as 7% to hit a low of $1,126.52 on Friday

Anil Ambani, the younger brother ‌of billionaire Mukesh Ambani, has faced growing scrutiny from regulators and enforcement agencies over the past 18 months.

Dow Jones Industrial Average was down 0.23% to 51,800.87 at open after hitting a fresh high in the last session.

Indian markets witnessed a dip on Friday, with technology stocks, particularly chipmakers, facing renewed selling pressure. Investors are now scrutinizing the elevated valuations of these companies and the substantial investments being poured into Artificial Intelligence. The Dow Jones, S&P 500, and Nasdaq Composite all opened lower, signaling a cautious sentiment among traders as the quarter concludes.

Tharoor says that for decades, an Indian passport has been viewed as a symbol of verified identity, issued only after extensive documentation, background checks and police verification.

Less than three weeks ago another earthquake in the same region had claimed 80 lives.

Djokovic, widely regarded as one of the greatest tennis players in history, has won a record 24 Grand Slam singles titles, spent 428 weeks as World No. 1 and claimed Olympic gold at the 2024 Summer Olympics.

NIOC is telling Indian buyers that Iranian crude would be $3 to $4 a barrel cheaper ‌than similar regional grades on a landed basis, they said

Starting June 26, EPFO services on member and employer portals, and the Umang app will be unavailable due to system migration, which aims to enhance service reliability. Check affected services, restoration date among other details.

David Swensen emphasised the importance of maintaining an equity bias for long-term investors, noting that stocks tend to deliver stronger returns over extended horizons. Despite short-term volatility, equities reward patience and discipline. His advice highlights the value of staying invested, avoiding market timing, and aligning portfolios with long-term financial goals.

Subject to regulatory appproval, the newly formed entity is scheduled to be listed on the NSE and BSE.

The IMD has cautioned that these intense spells could trigger local flooding, waterlogging, landslides in hilly terrain and disruption to road and rail traffic, and has urged state authorities to stay on alert.

As the 8th Pay Commission prepares its report, the fitment factor is projected to range from 2.05 to 2.10. Here are the salary calculations.

The story of Baahubali did not end with its films. Animated projects such as Baahubali: The Lost Legends and Baahubali: Crown of Blood have kept the universe alive.

The board of Power Grid Corporation has approved a substantial raise in its borrowing limit to Rs 2.2 lakh crore, up from Rs 1.8 lakh crore, subject to shareholder consent. Furthermore, the company intends to obtain USD 500 million in foreign currency resources via External Commercial Borrowings. The board has also sanctioned an investment of Rs 772.

Godrej reports 60% growth in March-May, while Blue Star says premium demand remains healthy despite higher input costs.

At the invitation of Prime Minister Narendra Modi, Takaichi will be undertaking an official visit to New Delhi from July 1 to 3 for the 16th India-Japan annual summit, the Ministry of External Affairs (MEA) said on Friday.

The awards are built on a structured evaluation framework that combines quantitative financial screening with qualitative assessment by an independent jury.

Employee Provident Fund Organisation: EPF subscribers are allowed to withdraw up to 100% of their eligible provident fund balance, with certain conditions. Here are the new rules and top FAQs explained…

A continued bull run had pushed its market capitalisation past $1 trillion earlier, exactly a month ago.

SBI Mutual Fund’s unlisted shares have delivered nearly 3.8x returns over the past three years, helped by sharp price appreciation and a 3:1 bonus issue, ahead of its proposed IPO. With Sebi’s approval in place, the country’s largest asset manager is expected to launch its public issue in early July.

FIFA has confirmed rainbow flags will be permitted at the FIFA World Cup 2026 clash between Egypt and Iran, despite both countries criminalising homosexuality.

Gold prices are facing a significant downturn, nearing a fourth consecutive weekly loss, as a robust US dollar and anticipated aggressive interest rate hikes by the Federal Reserve to combat inflation exert pressure. The precious metal has dipped below the $4,000 per ounce mark for the first time in years. Analysts predict this downward trend could persist for months, with potential long-term price targets around $3,400.

Managing money today goes beyond saving. These five government apps help everyone stay financially organised by securing important documents, enabling safe digital payments and providing easy access to essential government and financial services.

Former The Hindu BusinessLine journalist Vinay Kamath reflects on seeing his book on Titan’s journey transformed into one of 2026’s streaming successes

By investing a fixed amount every month and allowing your money to benefit from the power of compounding, even a modest investment can grow into a sizeable corpus over time.

All eyes are locked on one historic possibility: will 15-year-old batting sensation Vaibhav Sooryavanshi earn his first senior international cap on Friday?

India’s IPO market is set for a strong rebound in the second half of 2026, with major listings such as Jio Platforms, NSE and SBI Mutual Fund lined up. A mix of large corporates and new-age firms like Zepto and Acko is expected to drive primary market activity across sectors.

The US dollar is set to enter the second half of 2026 on a strong footing, supported by higher interest rates, resilient economic growth and sustained investor demand for US assets. Despite easing inflation concerns and geopolitical relief, expectations of further rate hikes, strong inflows and AI-driven optimism continue to underpin dollar strength against major global currencies.

The US dollar is set to enter the second half of 2026 on a strong footing, supported by higher interest rates, resilient economic growth and sustained investor demand for US assets. Despite easing inflation concerns and geopolitical relief, expectations of further rate hikes, strong inflows and AI-driven optimism continue to underpin dollar strength against major global currencies.

Despite the expected weekday slowdown, Cocktail 2 has managed to post a respectable opening-week total in India and overseas.

The income-tax department has launched online forms for ITR-1 to ITR-4 for FY 2025-26. Taxpayers can file returns by July 31 through the e-filing portal. Certain income types, like business profits and capital gains, are excluded from ITR-1, and late fees may apply if filed late.

Their names have been included in the Roll of Honour on the National War Memorial website and engraved on Wall 3D of the National War Memorial in the 2025 section in New Delhi.

The company cited two previous inspections of the facility in October 2023 and September 2025 when the U.S. FDA had issued a Form 483 each with nine and five observations respectively

When you prepay your home loan, the total interest you pay over the loan tenure reduces. 

Crypto prices may have corrected sharply in 2026, but underlying trends suggest growing maturity. Institutional participation, stronger blockchain activity, improving regulation and broader adoption indicate that Bitcoin, Solana and XRP are increasingly being viewed through long-term utility rather than short-term price moves.

Foundation stone of the nearly four acres facility of Zydus Sunshine Lifesciences, the joint venture company, at the Board of Investment zone in Horana was laid on June 26

FIFA World Cup 2026 has become the most attended tournament in football history, surpassing the 1994 record as fan attendance crosses 3.6 million.

The inspection was conducted between June 16 and June 25.

USA finished top of Group D despite losing to Turkiye, while Australia reached the FIFA World Cup 2026 Round of 32 after a goalless draw with Paraguay.

The ‘riskometer’ is a visual risk indicator that reflects the overall risk associated with a mutual fund scheme. However, two schemes belonging to the same category do not always have identical riskometer ratings.

AP EAMCET 2026 results remain on hold as CBSE re-evaluation students must submit a declaration form by June 27. Know the latest update and result timeline.

Indian markets are showing signs of recovery as geopolitical tensions ease, paving the way for a stronger earnings outlook in the second half. While Q1 may be challenging due to supply chain issues and inflation, strategist Mayuresh Joshi advises investors to look beyond the near-term. He favors pharma, domestic engineering, and power sectors, with specific interest in midcap private banks like Karur Vysya Bank for their robust performance.

UP Board has extended the Class 10 improvement and Class 12 compartment exam application deadline to June 30. Check the new last date and eligibility details.

GIFT Nifty signals a weak start for Indian markets after a sharp global sell-off led by declines in AI and semiconductor stocks across Asia. Profit booking, weak tech sentiment and mixed Wall Street cues weighed on markets, even as analysts maintain a positive near-term outlook for Nifty above key support levels.

The issue occurred on the down-fast line between Dadar and Churchgate stations at around 6 am.

Alphaville’s half-year report on the US equity market

NEET UG 2026 re-exam answer key is out. Check the direct link, objection fee, last date to challenge answers and steps to submit objections online.

The notification allows selected domestic companies to procure supplies from manufacturers holding licences under Scheme II of the BIS regulations, instead of the more rigorous Scheme I

The impact of the restricted supplies of the 19.2-kg cylinder reverberated across industries, particularly impacting the hospitality, restaurants and heavy industries

Regardless of the source of income, be it employment, independent work or business operations, submitting tax returns on time can play a crucial role in preserving financial credibility.

Historical trends have shown that even small, consistent investments over time have the potential to grow into a meaningful corpus.

Prices of the 16-inch MacBook Pro powered by the M5 Max chip, paired with 48GB of RAM and a 2TB SSD, have gone up by Rs 1,20,000 and now come for Rs 6,19,900.

Protect yourself from digital threats with these smart credit card habits. This article explains how to prevent unauthorised credit card use through secure practices, transaction alerts, safe payments and simple steps to protect your financial identity.

United Nations agency halted the evacuation of ships through the Strait of Hormuz after the British military said a vessel was hit by a projectile off the coast of Oman.

A Singapore-flagged vessel was damaged in the attack, prompting the International Maritime Organization to suspend its evacuation plan for ships stranded in the Persian Gulf.

Global crude oil prices fell sharply on Friday, with Brent slipping below $75 a barrel, as fears of supply disruptions through the Strait of Hormuz eased despite fresh Middle East tensions. Brent dropped over 1% to $74.33, while WTI fell more than 2% to $70.46.

Bank of America says AI assistants could handle shopping, travel and money tasks, but deep-rooted consumer habits may slow adoption in India.

At the second Pax Silica Summit held in Washington on Thursday, 35 nations signed the Joint Statement on AI Opportunity, aligning behind a pro-growth, pro-innovation regulatory approach for the AI era, said Jacob Helberg, US Under Secretary of State for Economic Affairs.

Microsoft shares face near-term pressure from AI investment costs and Xbox price hikes, but analysts remain optimistic as Azure, Copilot, and AI leadership continue supporting the company’s long-term growth outlook.

The number of dead and injured is expected to rise with thousands reported missing after the 7.2- and 7.5-magnitude earthquakes that struck Wednesday evening, which was among the strongest in Venezuela in more than a century.

Gold and silver prices today, 26 June: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.

Advit Jewels (Rambhajo) IPO: Investors can check and verify their allotment status on the websites of BSE, NSE and Bigshare Services.

Micron’s record earnings and nearly $100 billion backlog underscore AI-driven transformation in memory markets. Strong HBM demand, disciplined supply, and improving profitability signal sustained growth despite potential industry and geopolitical risks.

India’s residential real estate market remained strong in Q2 2026, with housing sales across the top nine cities rising 19% year-on-year and new launches surging 43%. Southern and western markets led growth, reflecting sustained buyer demand and continued developer confidence despite global uncertainties.

The allotment for the Coredlia Cruise parent Waterways Leisure Tourism IPO is expected to be finalised on Monday, June 29.

The minister, in the UK for a three-day visit to review the preparedness of both countries for the implementation of the CETA, earlier attended a reception with wide participation from business leaders and investors from both India and the UK.

FMCG stocks remained under pressure in 2026, with the sector index declining 10% year-to-date amid geopolitical disruptions and inflationary pressures. Most major names, including ITC, Dabur and Godrej Consumer Products saw sharp declines, while Hindustan Unilever and Colgate-Palmolive showed relative resilience.

Raamdeo Agrawal recalls Rakesh Jhunjhunwala’s exceptional ability to spot undervalued stocks and build long-term wealth, highlighting his famous Titan investment as a defining example. Despite early setbacks in the company, Jhunjhunwala accumulated shares at low prices and held them through its transformation into a major jewellery business, creating massive wealth over two decades.

Low-income countries are facing deeper shocks, but are refusing to restructure. Why?

Brokerages have initiated fresh coverage on several Indian stocks across metals, textiles, engineering and luxury retail, with mostly Buy ratings and double-digit upside targets. Firms like Meesho, Vedanta Aluminium, GE Vernova T&D and Welspun Living are seen as key beneficiaries of sectoral growth and structural demand trends.

US Federal Reserve is expected to hold rates steady at its July meeting despite inflation hitting a three-year high. Markets see a possible pause now, but still price in a higher chance of a rate hike in September as core inflation remains elevated.

DA hike discussions are gaining momentum as central government employees await the next revision and updates from the 8th Pay Commission. This article covers July 2026 DA expectations, inflation trends and the latest pay commission developments.

South Korean stocks experienced a significant downturn on Friday, marking their steepest weekly decline in over three months. This slump was triggered by a sell-off in U.S. tech shares, prompting investors to cash in on recent gains. The Kospi index saw a sharp drop, even triggering a circuit breaker. Concerns over AI spending and who will bear the costs weighed heavily on the market, overshadowing positive demand signals.

South Korean stocks experienced a dramatic plunge, exceeding 8% and triggering a trading halt. This sharp decline was primarily driven by a significant selloff in major semiconductor companies like Samsung Electronics and SK Hynix, alongside broader global tech sector weakness. The benchmark KOSPI index is now on track for its worst weekly performance in over three months, despite recent strong gains fueled by AI and chip demand.

Foreign investors have withdrawn over $60 billion from Indian equities, prompting concerns that retail investors are funding their exits. However, AMFI CEO Venkat N. Chalasani argues this demonstrates market maturity, attracting future foreign investment. He highlights how domestic mutual funds, particularly SIPs, have absorbed volatility, providing crucial liquidity and resilience, a positive sign for market development.

Chicago Fed President Austan Goolsbee said the latest US inflation data shows some improvement in services inflation, but underlying price pressures remain elevated. He stressed inflation is still the main concern over labour market strength. He reiterated data dependence on policy decisions, highlighting tariffs and energy costs as temporary inflation drivers.

As fixed deposit rates dip, investors are turning to high-rated PSU and corporate bonds for better returns. Improved retail access and regulatory reforms are making these instruments more appealing. Experts highlight that while yields are attractive, understanding credit ratings, security, cash flows, and liquidity is crucial for investors to differentiate between genuine opportunities and potential risks. This marks a significant shift towards the financialization of fixed income in India.

South Korea will launch 24-hour trading in the won from July 6 to boost global investor access and improve market appeal. The reform is expected to enhance liquidity and efficiency but raises concerns over volatility during low-liquidity hours, even as strong equity inflows and overseas investments continue to pressure the currency.

Dearness Allowance: From DA hikes to payment of arrears for central and state government employees and retired pensioners, we check the top 12 latest developments and updates.

OpenAI and rival Anthropic PBC have been racing to make their Wall Street debuts as soon as this year, in a bid to attract public market investors and support their heavy spending on chips and data centers for AI.

Mumbai will remain mostly cloudy with a bit of rain in the day, with the maximum temperature expected to be around 32 degrees. Rain spells are likely to continue into the night.

US unemployment claims saw a sharper-than-expected drop last week, signaling continued labor market strength. Despite this positive sign, a rise in continuing claims suggests employers are cautious about hiring, potentially impacting job seekers, especially recent graduates facing competition from AI. The median unemployment duration has also lengthened, indicating a tougher job search for many.

The US economy showed stronger growth than initially thought in the first quarter, reaching an annual rate of 2.1 percent. This upward revision was largely due to a decrease in imports, which positively impacts GDP calculations. Key drivers of this expansion included investments, exports, government spending, and consumer spending, with the booming Artificial Intelligence sector playing a significant role.

Banks in some parts of India will remain closed today, June 26, 2026 for Muharram.

Sustainable fashion brand Reformation has filed for a U.S. IPO, reporting a revenue increase to $507.1 million for the year ending December 27, 2025, though net profit saw a dip. The direct-to-consumer retailer, known for celebrity endorsements, aims to leverage the recovering IPO market. Private equity firm Permira, which holds a majority stake, will retain significant influence post-listing. Proceeds will partly fund debt repayment and share repurchases.

8th Pay Commission gathers pace: The Commission is inviting stakeholder feedback before finalizing recommendations on the fitment factor, salaries and pension reforms expected to impact over 1.19 crore beneficiaries.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

Bank holiday today: Banks are closed across cities in India today on account of Muharram. In addition to the common national and gazetted holidays, banks in India could have local holidays and festivals off, as required.

Gold is poised for its fourth consecutive weekly decline, weighed down by a strengthening dollar amid expectations of U.S. interest rate hikes. Investors are also closely watching the delicate U.S.-Iran peace agreement, which faced renewed concerns after an incident in the Strait of Hormuz. Despite some hope for moderating inflation, underlying pressures remain high, reinforcing the likelihood of further rate increases by the Federal Reserve.

Oil prices are poised for significant weekly declines as supply worries ease with tankers navigating the Strait of Hormuz. Despite a cargo vessel being struck near Oman, with Iran implicated, and earthquakes in Venezuela causing minor infrastructure damage, crude shipments through the vital waterway have increased. However, lingering geopolitical tensions and power outages in Venezuela could still impact future production.

Indian stock markets, including BSE and NSE, are closed today, June 26, for Muharram. The MCX has a partial closure, while NCDEX is shut all day. This holiday marks the start of the Islamic New Year and is a significant observance. Investors can anticipate several more market holidays throughout the year, with the next closure on September 14 for Ganesh Chaturthi.

The Netherlands beat Tunisia 3-1 to finish first in Group F, while Japan and Sweden played out a 1-1 draw to secure their places in the FIFA World Cup 2026 knockout stage.

Asian markets saw a dip, led by a pullback in heavyweight chip stocks after a strong rally. US futures remained steady following a volatile session on Wall Street, where tech giants like Apple experienced significant declines. Investors are closely watching the sustainability of high tech valuations amid concerns over AI spending and potential interest rate adjustments by the Federal Reserve.

The Reserve Bank of India has unveiled draft rules allowing participants to take short positions in government securities, aiming to boost market liquidity and price discovery. A detailed framework for trading "when-issued" securities, bonds yet to be officially released, is also introduced. These measures, with specific limits for banks, primary dealers, and others, are open for public feedback until July 17.

JPMorgan Chase has appointed Doug Petno and Troy Rohrbaugh as co-presidents, signaling a significant step in succession planning for CEO Jamie Dimon. Rohrbaugh will now lead consumer and community banking, while Petno takes the helm of the commercial and investment bank. These moves potentially refine the pool of candidates for the top leadership position at the financial giant, a transition keenly watched across Wall Street.

FIFA has confirmed rainbow flags will be permitted at the FIFA World Cup 2026 clash between Egypt and Iran, despite both countries criminalising homosexuality.

Indian stock markets closed slightly higher on Thursday, marking a third consecutive week of gains, buoyed by falling crude oil prices. The Nifty 50 and Sensex both edged up, with easing oil prices boosting investor confidence. Analysts suggest dips may attract buying, anticipating improved corporate margins from the second quarter, even with potential monsoon deficits. Volatility expectations also decreased.

In the ‘lacklustre GDP growth and weak inward investment’ sense, not the ‘café culture and egalitarian social values’ sense

Ecuador boosted their hopes of qualifying as one of the best third-placed teams, while Ivory Coast beat Curaao 2-0 to seal second place behind Germany in Group E.

Outsourced data services may not be enough for India to thrive in the AI era

Outsourced data services may not be enough for India to thrive in the AI era

Deloitte was the only group among the top six that lost six clients in a year, going by the data

ONGC and BP had inked a similar agreement for Mumbai High in February last year.

Naval Force of IRGC warns vessels transiting the strait must use only routes officially designated by Iran

Noel Tata and P Venkatesalu on the fast-growing retail chain you have likely never heard of

India’s credit card market crossed 120 million active cards in May, driven by strong new additions even as spending growth slowed, according to RBI data. Net card additions rose 34% year-on-year to 1.02 million, while total spending increased only 6.3% to ₹2.02 lakh crore.

Power Finance Corp and REC are finalizing a merger plan to help the government maintain its majority stake cost-effectively. Two primary options are being considered: issuing preference shares at ₹10 each, requiring an estimated ₹800 crore outlay, or subscribing to non-tradable bonds worth around ₹24,000 crore. Advisors favor the preference share route, deeming it less expensive than the recurring interest costs of bonds.

The Reserve Bank of India is pushing banks to offer better foreign exchange rates for individuals and small businesses. A new platform allows direct trading at inter-bank rates, aiming to eliminate the higher mark-ups previously charged. This move seeks to bring transparency and fairness to forex transactions, ensuring smaller customers get deals comparable to larger corporations. The RBI will now monitor bank performance on this initiative quarterly.

The Reserve Bank of India has opened the term money market to All India Financial Institutions and housing finance companies, allowing them to borrow and lend. Prudential borrowing limits for primary dealers have also been significantly increased. These moves aim to deepen market participation and improve liquidity, ultimately strengthening monetary policy transmission by linking short-term and long-term interest rates.

The Germany national football team vs Ecuador national football team match will get underway at 1:30 a.m. IST on Friday and can be watched on the Unite8 Sports television channels, and ZEE5 app and website.