ITC fraud worth Rs 74,782 crore detected in FY26; Maharashtra, Gujarat lead
Central GST officers detected 30,162 cases of input tax credit (ITC) fraud involving Rs 74,782 crore in 2025-26, with Maharashtra and Gujarat accounting for the…
Coca-Cola beats earnings on World Cup sales, raises 2026 outlook as Fairlife resumes after cyberattack
Coca-Cola reported stronger-than-expected second-quarter earnings and revenue, helped by higher sales during the FIFA World Cup and steady demand for its drinks. The company said…
Visa to cut 2,600 jobs ahead of Q2 earnings as payment giant targets efficiency amid AI-driven changes
Visa is planning to cut around 2,600 jobs, according to a Bloomberg News report. The layoffs will affect about 7% of the company’s workforce, as…
Govt companies request RBI to extend concessional forex swap by three months
New Delhi: Public sector undertakings have sought a three-month extension, beyond December 2026, of the Reserve Bank of India’s concessional forex swap facility, senior officials…
The Price to Finance the AI Data Center Boom Is Rising, Just Ask Meta
Meta Platforms is counting on Wall Street to pick up the tab for a massive artificial-intelligence spending spree. It picked a time when lenders’ wallets…
Meta Is Fighting a Mountain of Social-Media Lawsuits—at Just the Wrong Time
Meta Platforms is facing one of the most serious legal threats of its 22-year history—and it couldn’t come at a worse time for the company…
Easebuzz FY26 revenue rises 10% to Rs 723 crore; profit drops 41%
Pune-based digital payments firm Easebuzz reported a 10% rise in revenues, at Rs 723 crore, for the year ended March 2026, a sharp drop from…
Govt considering proposal to ease FDI norms for downstream investments: Sources
The government is considering a proposal to ease foreign direct investment (FDI) norms for downstream investments to boost overseas fund inflows and create jobs, sources…
Trade gap seen as by-product of India’s development stage, investment needs, energy dependence: Govt to Parliament
Imports have expanded due to increase in domestic demand and manufacturing capabilities to $776.01 billion in FY26 from $ 194.81 billion in FY07, the government…
Apple overtakes Nvidia to become world’s most valuable company as AI chip stocks slide
Apple became the world’s most valuable company on Monday, overtaking Nvidia after the stock market closed. This is the first time since April 2025 that…