Business

US Govt Blacklisting Threatens AI Firm Anthropic's $1 Trillion IPO Plans

AI startup Anthropic is facing significant hurdles in its potential $1 trillion IPO bid as the US government has twice blacklisted its key AI products, citing national security concerns.

18 Jun 2026

Indian Railways Plans Unified Portal for Recruitment

Indian Railways is looking to develop a unified portal for its Railway Recruitment Boards (RRBs) to simplify and streamline the hiring process for various posts.

18 Jun 2026

Ex-Anil Ambani Group MD Sateesh Seth Gets 14-Day Judicial Custody in PMLA Case

Sateesh Seth, former MD of the Anil Ambani group, has been remanded to 14 days of judicial custody in connection with a Prevention of Money Laundering Act (PMLA) case.

18 Jun 2026

India's DPDP Act May Hike Startup Operational Costs by 20%

Experts suggest that India's new Digital Personal Data Protection (DPDP) Act could lead to a significant increase in annual operational costs for startups, potentially adding Rs 20-40 lakh to their expenses.

18 Jun 2026

NSE Files for Rs 30,000 Crore IPO, India's Largest Corporate Debut

The National Stock Exchange of India has submitted its draft red herring prospectus for a significant Initial Public Offering (IPO), intending to raise around Rs 30,000 crore. This move positions the NSE's offering to be the largest corporate market debut in India's history.

18 Jun 2026

Tamil Nadu to Launch Investor Promotion Commission for Faster Company Approvals

Tamil Nadu government will establish an Investor Promotion Commission to expedite approvals for businesses, aiming to boost industrial growth and worker prosperity.

18 Jun 2026

Michael Burry Declines SpaceX Stock, Cites Overvaluation

Prominent investor Michael Burry, famous for predicting the 2008 housing crisis, has reportedly decided against investing in SpaceX, citing concerns over its high valuation and the cost of put options.

18 Jun 2026

GMAT Superscore Feature to Combine Best Section Scores Launched by GMAC

The Graduate Management Admission Council (GMAC) has announced the introduction of a new GMAT Superscore feature. This allows candidates to combine their highest section scores from different test attempts.

18 Jun 2026

Great Nicobar Project: India Eyes Indo-Pacific Logistics Hub with ₹20,000 Cr Investment

A significant investment of ₹20,000 crore is earmarked for a transformative project in Great Nicobar, aiming to position India as a dominant logistics player in the Indo-Pacific region.

18 Jun 2026

JPMorgan Chase Restricts Staff AI Access in Hong Kong Amid Scrutiny

JPMorgan Chase has followed Goldman Sachs in limiting its Hong Kong employees' access to Anthropic's AI models, reflecting growing international concerns over the technology's deployment.

18 Jun 2026

SpaceX Acquires Popular App Platform Cursor

Elon Musk's SpaceX is reportedly acquiring Cursor, a popular app platform co-founded by young entrepreneurs. The deal highlights the growing influence of AI-driven applications.

18 Jun 2026

Accenture Adjusts Global Salary Hikes, Impacts 780,000 Employees

IT giant Accenture has revised its salary increase framework for the June cycle, affecting its vast global workforce. A portion of approved raises will now be disbursed as a one-time payment.

18 Jun 2026