Business

The job cuts at Xbox are expected to impact several teams and also affect employees working in Microsoft’s global sales operations

India’s e-commerce market is projected to grow from $30 billion in 2020 to $300 billion by 2030, fueled by internet access, policy support, and rising consumer aspirations. Q-commerce, D2C brands, content platforms, and UPI microtransactions are reshaping the digital economy.

The rupee strengthened by 21 paise to 85.87 against the US dollar in early trade Thursday amid global dollar weakness. Gains were capped by rising oil prices and FII outflows. Markets reacted to geopolitical stability and US economic cues.

Sensex and Nifty rallied for the third straight session on Thursday, buoyed by optimism over the Iran-Israel ceasefire. Broader global cues, Asian market trends, and institutional activity also shaped the day's momentum, with FIIs continuing to offload shares.

India’s pact with Norway to build its first indigenous Polar Research Vessel marks a major strategic pivot in its Arctic engagement, signalling that this initiative is more than just a scientific venture

The projected valuation of the deal is estimated to be Rs 500 crore. The financial technology company said it aims to leverage WeXL’s existing dataset and platform to strategically transition into building an advanced AI agent framework

IOC, BPCL, and HPCL currently control over 90 per cent of India’s 97,366 petrol pumps and lead the city gas market as well

RTS,S was the first malaria vaccine recommended by the World Health Organization in 2021. The two companies said the price reduction is driven by process improvements, expanded production capacity, cost-effective manufacturing, and minimal profit margins

The richest Asian said Reliance Industries was investing its own billions of dollars in rolling out 4G mobile networks, which some analysts thought might not work out financially as India was not ready for the most advanced digital technology

Jiohotstar's subscriber base surged to 300 million, nearly matching Netflix, driven by record-breaking digital viewership during IPL 2025. Jiostar reported 1.19 billion total IPL reach, 55.2 million peak concurrency, and historic monetisation across advertising and subscriptions, marking India’s top OTT milestone

Indian equity benchmarks Sensex and Nifty rallied on Wednesday, tracking strong global cues and easing Middle East tensions after a ceasefire between Iran and Israel. Gains were supported by falling crude prices, positive Asian markets, and domestic institutional buying.

The rupee appreciated 13 paise to 85.92 against the US dollar amid optimism over a US-brokered ceasefire between Iran and Israel and a strong start in domestic equities. Gains were capped by rising crude oil prices and FII outflows.

The stock of Adani Power rallied 1.63 per cent, Adani Enterprises (1.44 per cent), NDTV (1.42 per cent) and Adani Total Gas (0.53 per cent)

HAL and GE Aerospace are set to finalise a deal by March 2025 to jointly produce F-414 jet engines in India for Tejas Mark 2 and AMCA aircraft. HAL will also deliver 156 Prachand combat helicopters under India's biggest defence contract

Finance Minister Nirmala Sitharaman said free trade talks with the US and EU are progressing fast. India aims to hit USD 2 trillion in exports by 2030, backed by strong FDI, digital infrastructure, and record-high USD 825 billion exports in FY25

India has imposed anti-dumping duties on four chemicals, including PEDA and Acetonitrile, from China and other countries to protect domestic industries. The five-year tariffs follow trade remedy recommendations amid rising imports and a growing trade deficit with China

The three firms had filed their preliminary IPO papers with Sebi during February-March. While GNG Electronics is into refurbishing laptops and desktops, Glottis is a logistics service provider and Amanta makes medical devices and sterile liquid products

Gautam Adani revealed that drones and anti-drone systems from Adani Defence played a frontline role in Operation Sindoor, India's precision strike against terror. At the AGM, he praised soldiers, outlined global headwinds, and reaffirmed record-breaking growth and investment goals

Adani, Asia's second-richest person behind Reliance Industries' Mukesh Ambani, said the objective of his conglomerate is not to just build businesses but also to create new possibilities

India launched the SPMEPCI portal to attract global EV makers and boost domestic manufacturing. With reduced import duties and incentives for investment, the scheme supports clean mobility, innovation, job creation, and aims to position India as an EV manufacturing hub

Gautam Adani praised Indian Armed Forces for Operation Sindoor against terror sites, highlighting Adani Defence’s role with drones. He honoured their sacrifices and mourned the Air India crash victims. He emphasised that peace is earned through bravery and vigilance

Adani Airports has raised $1 billion in project finance for Mumbai International Airport via global investors, marking India’s first IG-rated private bond in airport infrastructure. The funds will support capacity upgrades, modernisation, and MIAL’s net-zero emissions goal by 2029.

With India facing a growing plastic waste crisis, there is an urgent need for localised and tech-driven action to beat plastic pollution

Basmati exporters in Haryana face severe disruptions due to the Iran-Israel conflict, with 1 lakh tonnes stuck at ports and payments worth up to Rs 2,000 crore delayed. Trade risks have surged amid lack of insurance, affecting prices and exporter confidence