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GLOBAL NEWS | Tue, 12 May 2026, 4:14AM IST Jonah Peretti, BuzzFeeds co-founder 20 years ago, will step down as chief executive and serve as its president of A.I.

Continue reading at The New York Times

48m

INDIA MARKET | Tue, 12 May 2026, 3:04AM IST The Noida-headquartered NBFC-MFI will utilise the fresh capital to strengthen its capital base.

Continue reading at NDTV

1h

GLOBAL NEWS | Tue, 12 May 2026, 2:32AM IST Jonah Peretti, BuzzFeeds co-founder, will step down as chief executive and serve as its president of A.I.

Continue reading at The New York Times

2h

GLOBAL NEWS | Tue, 12 May 2026, 2:30AM IST President Trump said the fragile cease-fire was on life support, and Indias leader urged residents to cut back on purchases and travel.

Continue reading at The New York Times

2h

GLOBAL NEWS | Tue, 12 May 2026, 2:03AM IST Anticipating how the environmental movement would affect trash disposal in the United States, he built a 12-truck garbage company into a coast-to-coast behemoth.

Continue reading at The New York Times

2h

INDIA MARKET | Tue, 12 May 2026, 1:33AM IST US stocks closed slightly higher as AI-driven momentum lifted semiconductor shares, even as rising crude prices and stalled US-Iran talks kept inflation worries alive. Strong earnings supported sentiment, with over 80% S&P 500 firms beating estimates. Focus now shifts to US inflation data and key macroeconomic indicators this week.

Continue reading at Economic Times

3h

INDIA BUSINESS | Tue, 12 May 2026, 1:29AM IST In an inspiring financial turnaround, PVR INOX reported a net profit of 186 crore for the March quarter, bouncing back decisively from last year's losses. Their annual performance also dazzled, ending with a robust profit of 333 crore.

Continue reading at Economic Times

3h

INDIA BUSINESS | Tue, 12 May 2026, 1:25AM IST As memory prices experience inflation, the landscape of India's smartphone market is shifting. Retailers momentarily benefit from increased profits, pushing older models at inflated prices, while distributors are left juggling higher investments in stock and stricter credit terms.

Continue reading at Economic Times

3h

INDIA BUSINESS | Tue, 12 May 2026, 1:14AM IST The Indian Hotels Company, affectionately known as IHCL, is setting its sights on global horizons. With its domestic operations thriving, the company is primed for international growth through management contracts and operating leases.

Continue reading at Economic Times

3h

INDIA BUSINESS | Tue, 12 May 2026, 1:00AM IST India's gold imports are rising, prompting industry bodies to suggest ways to curb them. Proposals include recycling household gold and limiting the use of imported gold to jewellery exports. Jewellers are being asked to participate in gold monetisation programs. These initiatives aim to reduce the country's reliance on imported gold and improve the balance of payments.

Continue reading at Economic Times

4h

INDIA BUSINESS | Tue, 12 May 2026, 12:53AM IST In a surprising turn of events, a prominent Indian firm is said to be eyeing the bustling beverage market. With a series of discussions involving global alcohol companies and local beverage artisans, along with the onboarding of top-tier talent, chatter is rife about their potential plans.

Continue reading at Economic Times

4h

INDIA BUSINESS | Tue, 12 May 2026, 12:50AM IST Microfinance has become a double-edged sword, with substantial debt levels amassing to about 15,800 crore among borrowers juggling multiple loans. These individuals, often in over their heads, face the harsh reality of being ineligible for new loans. As they struggle with repayment, the risk of defaults looms large over the microfinance landscape.

Continue reading at Economic Times

4h

INDIA BUSINESS | Tue, 12 May 2026, 12:45AM IST The Indian Broadcasting and Digital Foundation has joined a legal battle concerning Prasar Bharati's WAVES platform. The dispute centers on whether OTT services can stream live TV channels. The All India Digital Cable Federation argues against this, citing distribution rules. Prasar Bharati contends TRAI lacks jurisdiction over OTT content. This revives earlier debates on internet-delivered television services.

Continue reading at Economic Times

4h

INDIA BUSINESS | Tue, 12 May 2026, 12:45AM IST The Supreme Court will review the Indian Energy Exchange's challenge to a regulatory order. This order mandates market coupling for power trading. The court refused to halt the implementation of this process. The Indian Energy Exchange argues the order is arbitrary and will harm its market share. The Central Electricity Regulatory Commission is now required to respond to the appeal.

Continue reading at Economic Times

4h

INDIA BUSINESS | Tue, 12 May 2026, 12:45AM IST The Supreme Court has once again dismissed the income tax department's review petitions concerning the taxation of software payments to non-residents. The court reiterated its March 2021 ruling that such payments are not royalty, as end-user licenses do not transfer copyright. This decision provides significant tax relief for Indian companies acquiring software.

Continue reading at Economic Times

4h

INDIA BUSINESS | Tue, 12 May 2026, 12:43AM IST Jyothy Labs will see its partnership with global firm Henkel conclude after May 31. Licensing agreements for Pril dishwashing and Fa personal care brands will not be renewed. While this may impact near-term revenue and margins, Jyothy Labs' diversified portfolio and strong distribution network are expected to ensure long-term business stability.

Continue reading at Economic Times

4h

INDIA BUSINESS | Tue, 12 May 2026, 12:42AM IST The ongoing West Asia conflict is impacting property project completions in the UAE. Developers face delays of six to nine months. Construction costs have risen significantly. Many projects scheduled for 2026 handovers will now be pushed to 2027 or later. This situation affects the UAE's booming real estate sector.

Continue reading at Economic Times

4h

INDIA BUSINESS | Tue, 12 May 2026, 12:35AM IST Bank of Baroda anticipates tighter margins this fiscal. Sticky deposit rates and restricted lending rate increases will impact profitability. The bank plans to enhance fee income to offset this. A new primary dealership business will support debt capital market expansion. Efforts are underway to strengthen subsidiaries like BoB Cards and Nainital Bank.

Continue reading at Economic Times

4h

INDIA MARKET | Tue, 12 May 2026, 12:27AM IST WhiteHawk, a leading natural gas royalty firm, is taking the stock market plunge with its initial public offering. This comes on the heels of an astonishing 615% revenue spike in 2025, mirroring the current energy market's thrumming heart as oil prices rise. With vast natural gas holdings over millions of acres, WhiteHawk plans to reward its investors with consistent dividends.

Continue reading at Economic Times

4h

INDIA BUSINESS | Tue, 12 May 2026, 12:26AM IST Syrma SGS Technology Ltd experienced an impressive financial year, reporting a remarkable 87% increase in net profit, reaching Rs 345.8 crore. The company's revenue saw substantial growth as well, with export revenue exceeding Rs 1,200 crore.

Continue reading at Economic Times

4h

GLOBAL NEWS | Tue, 12 May 2026, 12:23AM IST Health Secretary Robert F. Kennedy Jr. has toned down his public criticism of vaccines, under orders from the White House. But inside his department, a sprawling research effort is a top priority.

Continue reading at The New York Times

4h

INDIA BUSINESS | Tue, 12 May 2026, 12:23AM IST SBI Chairman CS Setty highlighted the dual nature of digital finance growth, noting both opportunities and vulnerabilities like cyber risks and algorithmic biases. He stressed that trust must be the foundation of India's expanding financial system, emphasizing that innovation should not compromise safety or inclusion.

Continue reading at Economic Times

4h

INDIA BUSINESS | Tue, 12 May 2026, 12:15AM IST REC's consulting arm is set to enter the carbon markets. It will operate as an accredited carbon verification agency. Expressions of interest are invited for agencies to join the Indian carbon market. This market is expected to launch in 2026. Empanelled agencies will conduct validation and verification work. This is for compliance and offset mechanisms under the scheme.

Continue reading at Economic Times

4h

INDIA NEWS | Tue, 12 May 2026, 12:12AM IST New Delhi: The government is working with industry to identify around 100 products that are either not manufactured or produced sufficiently in India, as part of efforts to strengthen domestic manufacturing, said Amardeep Singh Bhatia, Department for Promotion of Industry and Internal Trade (DPIIT) secretary, on Monday. A list of "unique and interesting" products has already been identified, including auto sector items such as axles and motorcycle components, he said.The aim is to scale up manufacturing for both domestic and international markets."We are working closely with the industry (on that)....lot of things not getting manufactured in India and we have the capability," said Bhatia.Speaking at the Confederation of Indian Industry (CII) Annual Business Summit 2026, he said that the department plans to launch 'Made in India Brand Scheme'."We have had a pilot run with the steel sector, and it has been quite encouraging," he said. The secretary noted that the scheme will provide a brand with a logo and use the scheme to not only indicate the value addition but also assure quality. He added that the industry will be consulted before finalising the sectors.The secretary also urged the companies to invest in India on a long-term basis. "I encourage all of you to take advantage of opportunities being created to do more investments," he said.He noted that the free trade agreements (FTAs) finalised by India would provide huge demand for Indian businesses.Bhatia said that artificial intelligence is advancing fast and is affecting manufacturing through higher productivity and innovation."We should be ready for that...world over, this change has been felt," Bhatia said.

Continue reading at Economic Times

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