- KPMG forensic review says IDFC First Bank Chandigarh fraud an isolated incident June 6, 2026The KPMG forensic review found collusion among IDFC First Bank's branch staff, customer representatives and third parties, while confirming the ₹646 crore loss previously disclosed by the lender.
- SpaceX’s lofty IPO has serious earthbound problems, from emissions to water June 6, 2026Data centers use water primarily for cooling their servers, which process enormous amounts of information.
- Why Reid Hoffman is leaving Microsoft's board for an AI startup? June 6, 2026Reid Hoffman steps down from Microsoft board to focus on Manas, his AI drug-discovery startup. Here's what his departure signals about priorities in tech leadership.
- Elon Musk's SpaceX secures $920 million monthly Google deal for cloud compute capacity- Explained June 6, 2026SpaceX lands $920M monthly recurring revenue from Google for AI compute. New infrastructure agreement spans 2.75 years as company approaches IPO filing.
- A five-year trail of LIC's red flags on Rajesh Exports before Sebi order June 6, 2026Years before Sebi flagged alleged revenue inflation at Rajesh Exports, its largest investor LIC’s voting trail shows repeated concerns over disclosures. This highlights the value of public records as investor warning signs, and also raises questions over whether LIC could have done more.
- Rising fuel prices to strain household budgets as West Asia crisis pushes crude above USD 100: Chief Economist Manoranjan Sharma June 6, 2026Fuel prices are climbing globally, impacting Indian households. The West Asia conflict is driving up crude oil costs, making higher fuel prices unavoidable. India, reliant on oil imports through the Strait of Hormuz, faces significant challenges. While the government aims to protect consumers, global energy shocks present limitations.
- RBI's foreign capital push reflects rising inflation, slowing growth concerns: Report June 6, 2026The Reserve Bank of India is introducing new measures to attract foreign investment. This move aims to tackle rising inflation, slowing economic growth, and external sector pressures. The central bank is focusing on boosting capital inflows to manage the country's balance of payments. These steps are designed to support the rupee and domestic liquidity […]
- Make in India efforts showing results as import dependence falls in key sectors despite global shocks: Bank of Baroda June 6, 2026India's manufacturing sector is becoming more self-reliant. Import dependence is falling in electricals, chemicals, and capital goods. This trend strengthens domestic production. Policy initiatives like Make in India are driving this shift. The economy is better protected from global supply shocks. Sectors like consumer goods show lower import intensity […]
- Odisha doubles rice milling charges, to encourage paddy procurement June 6, 2026The Odisha government has doubled rice milling charges. This move aims to boost paddy procurement from farmers and support millers. Charges for parboiled rice increased from Rs 20 to Rs 40 per quintal. Raw rice milling charges rose from Rs 10 to Rs 20 per quintal. This decision is effective immediately. It is expected to strengthen the state's paddy pro […]
- India’s rising export champion faces a critical credibility test June 6, 2026India's seafood exports are soaring, reaching record highs and aiming for $30 billion within five years. Despite overcoming US tariffs and diversifying markets, a new threat looms: banned antibiotic residues in shrimp are causing high rejection rates. This quality issue risks undermining the hard-won international trust crucial for sustained growth and […]
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