India is preparing to test polymer currency after the Centre approved the Reserve Bank of India’s proposal for field trials of ₹10 and ₹20 notes. The pilot will include one billion notes of each denomination, but paper currency is not being withdrawn. Both types could circulate together if the trial succeeds. India Revives Polymer Note Plan After 15 Years The approval revives an idea pursued more than a decade ago. In 2009, the RBI b

OpenAI plans $750 billion AI infrastructure spending by 2030, reflecting its rapidly expanding demand for computing power. The strategy includes Project Camellia, multi-billion-dollar cloud agreements and new data center investments, while raising questions about financing, profitability and the long-term economics of artificial intelligence infrastructure. Project Camellia data center Georgia

Alphabet Q2 results show AI boom but rising costs as the company posts record revenue, operating profit and Google Cloud growth. Despite the strong financial performance, investors focused on rapidly increasing AI infrastructure spending and negative free cash flow, sending the stock lower after earnings. Google Cloud revenue growth drives record quarter Alphabet delivered one of the strongest

Trump's generic drug tariff plan introduces a phased import duty that could reach 200% within three years, encouraging pharmaceutical companies to manufacture in the United States. The proposal could significantly affect India's pharmaceutical industry, which supplies nearly 40% of generic medicines used in the US. Trump Generic Drug Tariffs Target India Pharma Export

Trump Media plans to launch the Trump Truth API, giving Wall Street traders faster access to Truth Social posts. The paid service has raised ethics concerns over market-moving presidential announcements. Trump Truth API Raises Questions Over Faster Access to Presidential Posts Trump Media & Technology Group is preparing to launch a paid data service that will deliver selected Truth Social posts to financial inst

India-Maldives trade relations are gaining momentum after senior ministers discussed faster progress on an investment treaty and proposed free trade agreement. The talks covered tourism, digital payments, startups, MSMEs and measures intended to make bilateral commerce more efficient. India-Maldives trade talks gain momentum Maldives Minister of Economic D

Microsoft begins new round of job cuts Microsoft has announced another round of layoffs, cutting nearly 4,800 jobs worldwide, or about 2.1 percent of its global workforce, as the company continues to restructure parts of its business. The latest Microsoft layoffs include a significant impact on the Xbox division, where about 1,600 employees have already been affected

Meta will invest $900 million in Bengaluru-based fintech company CRED, while founder Kunal Shah prepares to take charge of WhatsApp globally. The linked announcements place one of India’s best-known startup founders at the center of Meta’s next phase in messaging, business services and digital payments. Watch: Why did Meta choose Kunal Shah to lead WhatsApp? See o

Andhra Pradesh’s Jonnagiri Gold Mine Emerges As A Major Mining Milestone Andhra Pradesh’s Jonnagiri gold mine in Kurnool district has become a major focus after officials estimated nearly 50 tonnes of gold reserves in the area. With commercial production already underway, the state is aiming to emerge as one of India’s leading gold suppliers in the coming years.

Eight of India’s top 10 most valued companies added a combined Rs 1.90 lakh crore in market capitalisation last week, supported by a strong rally in the equity markets. ICICI Bank emerged as the biggest gainer, followed by HDFC Bank and State Bank of India. The gains came as benchmark indices ended higher after a volatile week. The BSE Sensex rose 1,284.61 points, or 1.73 per cent, while the NSE Nifty gained 256.2 points, or 1 per cent. ICICI Bank Tops The Gaine

Singapore Court Issues Jail Term Byju’s founder Byju Raveendran has reportedly been sentenced to six months in jail by a Singapore court in a contempt of court case. The order is linked to allegations that he failed to comply with court directions related to asset disclosure and legal proceedings. Reports said the court also directed him to surrender and pay costs of S$90,000. The development has brought f

The UK GCC trade deal could add an estimated £3.7 billion a year to Britain’s economy in the long run, while cutting tariffs for exporters selling into Gulf markets. The U.K. Department for Business and Trade announced the agreement on Wednesday, May 20, 2026, calling it a major step in economic ties with the Gulf Cooperation Council, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The gove

U.S. authorities may move to drop criminal fraud charges against Indian billionaire Gautam Adani, according to a Bloomberg report cited by Reuters on Thursday, May 14, 2026. Reuters reported that the U.S. Justice Department could announce a decision as early as this week, but said it could not independently verify the report. No formal court filing confirming dismissal was immediately available. What the Gautam Adani Case Is About The case trac

Prime Minister Narendra Modi recently emphasized the need to reduce dependency on petrol and diesel, advocating for sustainable practices and increased adoption of work-from-home models. He also suggested that consumers reconsider discretionary purchases, including gold, in the near term. Following the speech, the stock market reacted sharply. Shares

Legacy Texas chocolatier begins winding down operations A historic Texas confectionery business, Lammes Candies, is closing its operations after more than a century in business, citing mounting economic pressures and changing market conditions. The Austin-based company confirmed it will begin an orderly wind-down process after evaluating long-term sustainability challenges affecting the retail and confectionery sectors in the United States. Store closures confirmed across Austin and nearby cities The company has already shut down its Round Rock location as of Thursday, April 24, though the year was not specified. Additional closures include stores in Hillside and Lakeline Mall. Its flagship store in Austin will remain open temporarily, but no official closing date has been announced, leaving customers uncertain about final operations. Economic pressures and market shifts drive decision Lammes Candies stated that “unprecedented economic pressures and current market conditions” led to the decision. The company emphasized that it had carefully assessed shifts in consumer behavior, rising operational costs, and broader challenges facing family-owned retail businesses before deciding to cease operations. A family legacy spanning generations Founded in 1878 by William Wirt Lamme as the Red Front Candy Factory in Austin, the business officially became Lammes Candies on Thursday, July 10, 1885. After a temporary loss of the company due to a gambling debt, founder David Turner Lamme Sr. reclaimed it, establishing a legacy that continued for five generations. The company became known for handcrafted sweets, including its signature Texas Chewie Pecan Praline introduced in 1892. Final operations and transition for employees The company said it will fulfill remaining orders while supporting employees during the transition period. Ownership described the decision as difficult, highlighting the brand’s deep connection to the local community and its long-standing customer base. Since 2004, the business has been operated by fifth-generation family members, marking the end of a significant chapter in Texas retail history.

On April 27, 2026, Bitcoin touched a 12-week high near $78,000, driven by institutional demand, global economic trends, and long-term investor confidence. Bitcoin has climbed to a 12-week high, hovering close to the $78,000 mark as of April 27, 2026, reflecting a steady and controlled u

Porsche sells its Bugatti Rimac stake, marking a full exit and shift toward core operations amid global market challenges. Porsche exits Bugatti Rimac joint venture in strategic stake sale — Porsche AG has agreed to sell its 45% stake in the Bugatti Rimac joint venture, marking a full withdrawal from the high-performance electric hypercar venture as it sharpens focus on

Tim Cook, the long-serving CEO of Apple, has announced that he will step down from his role after nearly 15 years of leadership. He will officially transition out of the CEO position on September 1, 2026, and take on a new role as executive chairman. Cook took over from

US stock markets surged to fresh record highs as easing geopolitical tensions triggered a sharp decline in oil prices, boosting investor confidence across global markets. Sentiment improved after reports of the reopening of the Strait of Hormuz, easing concerns over potential disruptions to global oil supply. The rally was led by the

Gautam Adani has overtaken Mukesh Ambani to become Asia’s richest individual, according to the latest Bloomberg Billionaires Index. Adani’s net worth has risen to $92.6 billion, placing him 19th globally, while Ambani now stands at $90.8 billion, ranking 20th worldwide. The shift reflects the dynamic nature of global wealth rankings, where even small market movements can alter positions at