The United Nations reduced its global growth estimate to 2.5 percent citing higher energy costs and weaker trade flows caused by the Iran war.
Category: Business
Anthropic Revenue Run-Rate Hits 47 Billion Dollars in May Up 5x Year on Year
Anthropic’s annualised revenue surged dramatically to approximately 47 billion dollars in May 2026 representing roughly fivefold growth from the prior year.
India Viksit Bharat Sankalp Conventions Planned Across Districts as Modi Marks 12-Year Anniversary
The BJP will hold district-level development conventions across India as part of its 12-year Modi government anniversary campaign running through June 21.
Rupee Under Pressure as Rising Fuel Costs and FPI Exodus Weaken Currency to Record Lows
India’s rupee fell to new record lows against the dollar as rising fuel imports and accelerating foreign investor exits drained forex demand.
IT Sector Job Losses in India Accelerate as AI Replaces White-Collar Roles
India’s information technology sector is shedding white-collar jobs at an accelerating pace as global companies deploy AI systems to replace human workers.
SEBI Tightens Margin Requirements for Derivative Traders in June 2026 Regulatory Overhaul
India’s market regulator introduced stricter margin norms for futures and options traders as part of a broader effort to reduce systemic risk.
New Income Tax Rules for June 2026 Affect Advance Tax Deadlines for Salaried Taxpayers
Updated income tax regulations coming into effect in June 2026 changed deadlines and calculation methods for advance tax installments.
RBI Inflation Outlook Spikes to 5.1 Percent on Crude Oil Surge Driven by West Asia Tensions
The Reserve Bank of India raised its inflation projection to 5.1 percent from 4.6 percent as Brent crude oil hit 110 dollars per barrel.
Supabase AI Startup Reaches 10.5 Billion Dollar Valuation After 500 Million Dollar Funding Round
AI development platform Supabase achieved a 10.5 billion dollar valuation fuelled by the vibe-coding trend that makes app building more accessible.
India RBI Foreign Exchange Reserves Strong at Around 700 Billion Dollars
RBI officials showcased India’s macroeconomic strength with foreign exchange reserves at approximately 700 billion dollars while meeting global investors in New York.