RBI’s forex transaction gains rise 52% to ₹1.69 trillion in FY26 | Economy & Policy News
The Reserve Bank of India’s (RBI’s) gains from foreign exchange transactions rose 52 per cent year-on-year (Y-o-Y) during 2025-26 (FY26), according to the central bank’s annual report released on Friday. The gains from foreign exchange transactions stood at ₹1.69 trillion in FY26 against ₹1.11 trillion during FY25. In FY26, the […]
Net household financial savings rise to 7% of GNDI in FY25: RBI report | Economy & Policy News
Instrument-wise, household financial savings are dominated by deposits, followed by provident and pension funds and insurance | Image: Bloomberg 1 min read Last Updated : May 30 2026 | 12:12 AM IST Net household financial savings in India increased to 7 per cent of gross national disposable income (GNDI) in 2024-25 from 5.8 per […]
After Nvidia’s $20B not-acqui-hire, AI chip startup Groq reportedly raising $650M
Groq is looking to raise $650 million in new funding from existing investors, sources tell Axios, as it leans into its inference neocloud business that relies on its homegrown AI chip and systems. In December, Groq struck one of those not-an-acquisition agreements with Nvidia for a reported $20 billion, which involved the departure of some […]
I went to the so-called ‘steroid Olympics,’ to understand why Silicon Valley is obsessed with peptides
I am sitting in the sweltering Nevada heat watching a man struggle to lift a bar over his head. If the man manages to do it, he will win $250,000. The man is Boady Santavy — a two-time Olympic weight-lifting contestant from Canada — and he has muscles that look culled from the Marvel Cinematic Universe: […]
Coders are refusing to work without AI — and that could come back to bite them
In 2026, you cannot pry AI coding tools out of developers’ vise grip, researchers have discovered. But while AI is undoubtedly helping coders produce code faster, it may not be producing better code, other researchers warn. And that could cause problems down the road for them. Specifically, in February 2026, respected AI research lab METR […]
Sebi fines Suzlon Energy, KMPs ₹29 crore for ‘financial misreporting’ | Markets News
The Securities and Exchange Board of India (Sebi) on Friday imposed a total penalty of ₹29 crore on Suzlon Energy Limited (SEL) group’s Chairman and Managing Director Vinod Tanti, Executive Vice-chairman Girish Tanti, and two others for alleged lapses in disclosures of SEL’s financial statements. Sebi alleged that the financial statements and disclosures […]
Sensex, Nifty slide 1.5% as MSCI rejig triggers late-hour market selloff | Markets News
Domestic equity markets logged their steepest single-day decline in more than two weeks on Friday as heavy foreign portfolio investor (FPI) outflows linked to the MSCI index rebalancing triggered a sharp selloff in the final hour of trade. After moving in a narrow range for most of the session, benchmark indices came […]
SpaceX lowers IPO valuation target to at least $1.8 trillion | World News
SpaceX is currently targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter, as Elon Musk’s rocket and artificial intelligence company nears its debut. Bloomberg News reported in April that SpaceX was aiming for a valuation above $2 trillion. The target is settling […]
SpaceX awarded $6.45B in Space Force contracts ahead of IPO
SpaceX is headed toward what’s expected to be the largest IPO ever next month, and now it has received a major boost from the Trump administration. On Friday, the U.S. Space Force announced it’s giving SpaceX $4.16 billion as part of a contract to build satellites that will be part of a missile and air […]
Nvidia, Microsoft, and Arm are all teasing Nvidia’s new N1X laptop processors
It’s the world’s worst kept secret that Nvidia is about to announce its own Arm-powered laptop chips at Computex this weekend, and now Microsoft, Nvidia, and Arm are all openly teasing the announcement. The Windows and Nvidia GeForce accounts on X both posted “A new era of PC” earlier today, and now Arm has followed […]