- Yum Brands to sell struggling Pizza Hut restaurant chain for $2.7 billion June 16, 2026Yum Brands will sell Pizza Hut for $2.7 billion as heightened competition and cautious consumer spending is affecting the fast-food sector. Details here.
- Nutrition brand TruNativ raises $30 million funding led by OrbiMed, eyes global expansion June 16, 2026Protein as a category has been gaining momentum in India, with 2,672 nutrition-focused food startups currently operating in the country.
- AI app market shift? Anthropic's Claude earns $2.76 per user against ChatGPT's $1.74, finds report June 16, 2026Anthropic's Claude is outperforming ChatGPT on revenue per user and subscriber conversion even as OpenAI's app reaches 1 billion monthly active users.
- Biocon eyes crown of world’s top insulin supplier amid rush for GLP-1 June 16, 2026Biocon, currently the third-largest insulin supplier by volume, has invested “big time” in ramping up production capacity, Chairperson Kiran Mazumdar-Shaw says.
- Lighthouse, Multiples, Motilal PE eye minority stake in safety gear maker Karam June 16, 2026Karam is in talks to raise $70-100 million from private equity investors at a valuation of up to $600 million, as interest grows in profitable manufacturing businesses.
- India, Sri Lanka collaborate to strengthen trade interactions through local currency settlement initiatives June 16, 2026India and Sri Lanka are exploring ways to settle trade using their own currencies. This move aims to cut transaction costs and shield businesses from fluctuating US dollar values. The initiative will help Sri Lanka conserve its dollar reserves. Indian banks can now offer loans in rupees to Sri Lankan importers.
- States' expenditure rises 131% in 10 yrs on welfare, development: CAG Report June 16, 2026States' spending surged 131 percent from 2015-16 to 2024-25. Welfare and development drove this growth. Revenue expenditure remained the largest budget component. Committed expenses and subsidies consumed over half of revenue spending. Total state expenditure reached Rs 51.20 lakh crore in 2024-25. Budgetary spending averaged between 15.78 and 17.49 per […]
- India's rice stocks climb to record high; wheat inventories at five-year peak June 16, 2026India's government warehouses hold record rice stocks, up 15% from last year. Wheat inventories are at a five-year peak. These abundant reserves will support increased rice exports. Higher wheat stocks will help manage prices by allowing open market sales. Record production in the last crop year fueled these impressive inventories. India is well-positio […]
- Navi Mumbai, Guwahati airports feature in Prix Versailles World’s Most Beautiful Airports List 2026 June 16, 2026
- Maharashtra advises farmers to delay sowing as monsoon rains fall short June 16, 2026Maharashtra is experiencing a significant rainfall deficit in early June. The state has received only 26 percent of its normal rainfall. This has led the government to advise farmers against rushing with sowing operations. Preparatory agricultural activities are ongoing. Improved rainfall is anticipated from June 18 onwards in some regions. A heatwave is als […]
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