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

From the early 2020s through 2026, U.S. corporations have demonstrated a remarkable ability to sustain and expand profits despite a series of economic shocks, including the COVID-19 pandemic, rising inflation, tariffs, and ongoing geopolitical conflicts. Recent data indicate that corporate profits have reached a record share of gross domestic product, while profit margins—measuring the gap between input costs and final selling prices—remain near historic highs. Executives across m

Amazon has overtaken Walmart to become the world’s largest company by annual revenue, marking a historic shift in the long-running rivalry between the two retail giants. Walmart reported revenue of $713.2 billion for its most recent fiscal year, narrowly trailing Amazon’s $716.9 billion. The development had been anticipated for months after Amazon first exceeded Walmart in quarterly sales roughly a year ago, signaling a gradual but decisive change in the competitive landscape. W

Trading gold and silver futures on India’s major commodity exchanges has become more affordable after the Multi Commodity Exchange (MCX) and the National Stock Exchange (NSE) removed additional margin requirements that were imposed earlier due to market volatility. This move is expected to make futures trading more accessible, especially for retail traders and smaller investors, as it reduces the amount of upfront capital required to enter these contracts. The decision reflects stabilizing

As the Union Budget 2026 draws closer, India’s gems and jewellery industry has stepped up its demands for policy reforms aimed at reviving demand, supporting employment and improving transparency. Industry leaders believe the upcoming Budget can play a decisive role in restoring consumer confidence at a time when global trade uncertainty and high prices have made buyers cautious. With jewellery being both a cultural and economic mainstay, the sector is urging the government to adopt growth-

Silver prices in India have surged to a historic high, crossing the Rs 4 lakh per kilogram mark in futures trading and pushing up spot prices across major cities. The sudden spike has caught many buyers by surprise, especially as silver was trading at much lower levels just weeks ago. The rally has been sharp and swift, making silver one of the strongest-performing commodities in recent times and raising questions among consumers and investors about whether prices will continue to rise or cor

The Indian rupee weakened to a fresh all-time low of 91.99 against the US dollar on January 29, extending its recent slide amid persistent pressure from global and domestic factors. The currency has now fallen 2 percent so far this year and nearly 5 percent since the United States imposed higher tariffs on Indian merchandise exports. The sharp decline reflects continued weakness in foreign capital inflows and a surge in corporate demand for dollar hedging, which have outweighed the positive i

United Parcel Service announced Tuesday that it plans to eliminate approximately 30,000 positions during the current year as the company continues to wind down its longstanding business relationship with Amazon and executes a broader, multi-year turnaround strategy. The workforce reduction is expected to be driven primarily by lower shipping volumes connected to the gradual exit from Amazon-related operations. Speaking during a conference call with analysts following the release of