Business

Do Kwon was sentenced to 15 years for orchestrating the US$40 billion collapse of Terraform Labs’ crypto ecosystem, labelled a massive fraud that devastated countless investors. Judge Engelmayer condemned the scheme’s human toll as victims detailed life-altering losses caused by Kwon’s deception and evasion

Indian benchmark indices Sensex and Nifty surged in early trade, extending the previous session’s rally amid positive global cues and a US Federal Reserve rate cut. Major gainers included L&T and Tata Steel, while several IT stocks lagged alongside mixed Asian market trends

Akasa Air and Air India Express reported steep losses in FY 2024-25, according to government data. While IndiGo posted profits, several carriers including Alliance Air, Fly91, and Quikjet Cargo continued to struggle amid a mixed performance across India’s aviation sector

The Indian rupee fell 39 paise to a record low of 90.33 against the US dollar on Thursday, amid delays in the India-US trade deal. Risk-averse markets and sustained foreign fund outflows pressured the local currency

The Finance Ministry has introduced a new framework to standardise recruitment result timelines for public sector banks. Officer-level results will be declared first, followed by clerical exams, reducing attrition, enhancing transparency, and improving workforce planning across SBI, NBs, and RRBs

The Andhra Pradesh government has approved a state guarantee for APPFCL to avail a Rs 2,000-crore loan from SBI. Funds will support state power utilities, infrastructure projects, and O&M activities, following the Managing Director’s request for government backing

A FundsIndia report shows gold delivered 15% annualised returns over 20 years, beating Indian equities, real estate and debt. Mid- and small-cap indices outperformed large caps, while analysts cited safe-haven demand and central bank buying as key drivers of gold’s strong performance.

Sensex and Nifty recovered from early losses in late morning trade, led by banking and auto stocks. Kotak Mahindra, HDFC Bank, and Reliance gained, while FIIs sold equities. US Fed rate cut had limited impact on Indian markets

Satya Nadella announced Microsoft’s US$ 17.5 billion investment to expand India’s AI and cloud infrastructure, including a new sustainable data centre by 2026. He emphasized digital sovereignty, cybersecurity, talent skilling and India’s rising global developer influence during the company’s Bengaluru event

Sensex and Nifty opened higher on Thursday but reversed gains to trade lower amid weak Asian markets and continued FII selling. Domestic institutional investors supported equities while Brent crude inched higher and Wall Street remained buoyed by Fed rate cuts.

The rupee slipped 17 paise to 90.11 against the US dollar on Thursday as risk-averse sentiment, strong importer demand and sustained FPI outflows weighed on the currency. Markets are tracking cues from the ongoing US–India trade talks for direction.

DGCA has deployed personnel at IndiGo's Gurgaon HQ amid widespread flight cancellations affecting thousands of passengers. The regulator will monitor crew deployment, cancellations, refunds, and operations, while summoning CEO Pieter Elbers for a detailed report on disruptions and restoration plans

Google has launched its AI Plus subscription in India, offering expanded access to Gemini 3 Pro, multimedia creation tools, NotebookLM, and 200GB of storage. The plan integrates Gemini into Gmail and Docs and includes family sharing and introductory pricing

Delhi’s trade, tourism, hospitality, and exhibition sectors have incurred an estimated Rs 1,000 crore loss due to over 4,000 IndiGo flight cancellations since December 1. CTI reports a 25 per cent fall in market footfall and widespread hotel and travel booking disruptions

BSE Index Services has launched four new factor indices—Momentum 30, Low Volatility 30, Enhanced Value 30 and Quality 30—under the BSE 100 large-cap TMC universe, offering quarterly reconstitution, score-based weighting and expanded opportunities for passive and benchmarking strategies

The DGCA has summoned IndiGo CEO Pieter Elbers to submit a detailed report on the airline’s widespread operational disruptions, including cancellations, staffing gaps and refunds. A four-member panel will probe crew rostering, manpower planning and compliance with new duty time norms

Tencent has withdrawn its $1-billion financing commitment from Paramount Skydance’s $77.9-billion hostile bid for Warner Bros. Discovery, amid concerns over CFIUS national-security review. Saudi, Abu Dhabi, and Qatar funds continue financing, giving up management rights to avoid scrutiny

Satya Nadella announced Microsoft’s US$ 17.5-billion India investment to expand AI and data-centre infrastructure, including a new Hyderabad cloud region by 2026. After meeting PM Modi, he highlighted sovereign cloud offerings aligned with India’s data-protection regime and stressed strong cybersecurity and resilience

IATA chief Willie Walsh says India’s new pilot duty rules are far more restrictive than global norms but should stabilise soon. IndiGo’s recent mass disruptions stemmed from poor planning during the FDTL phase-two rollout, prompting a 10% winter schedule cut

Amazon will invest more than $35 billion in India by 2030 across AI-led digitisation, exports, infrastructure and job creation. Announced at its ‘Smbhav’ summit, the company aims to boost exports to $80 billion and deliver AI benefits to millions.

Meesho shares debuted with over 46% premium on NSE and BSE after its Rs 5,421-crore IPO saw strong 79-times subscription. The company plans to use proceeds for cloud infrastructure, marketing, acquisitions and other strategic growth initiatives

Sensex and Nifty rebounded after two days of declines, rising on value-buying. Several major stocks gained while some lagged. Asian markets were mostly negative, FIIs continued selling, DIIs bought heavily, and Brent crude inched up as previous sessions saw sharp index drops

The CBI has filed a criminal case against Reliance Commercial Finance Ltd and its promoters for allegedly causing a Rs 57.47 crore loss to Bank of Maharashtra. Searches are underway at company and director premises, while the ED also probes Reliance Power

Airpay Payment Services has received RBI approval to operate as a cross border payment aggregator, completing its unified PA framework licences. The company will offer full stack payment solutions domestically and globally, expecting strong growth in processing volumes, revenues and merchant onboarding