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Finance/Business

All Finances

New peak for India’s defence sector as production surge to Rs 1.78 lakh crore in FY 2025-26

June 18, 2026June 18, 2026 - by cmedia

IBNS-CMEDIA: India’s annual defence production has reached an all-time high of ₹1.78 lakh crore in the Financial Year (FY) 2025–26, marking a significant milestone in the country’s defence manufacturing sector. According to …

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All Finances

Tech layoffs reach highest level in two years, claims report

June 17, 2026June 17, 2026 - by cmedia

IBNS-CMEDIA: The AI challenge appears to be intensifying, with job cuts surging to their highest levels in two years, according to a recent report. U.S.-based employers announced 97,006 job cuts in May, up 16 …

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Sarvam emerges as India’s newest AI unicorn with $234 million funding boost

June 17, 2026June 17, 2026 - by cmedia

IBNS-CMEDIA: Sarvam, India’s full-stack sovereign AI company, has announced the first close of its Series B funding round, raising $234 million out of a targeted $300 million at a post-money …

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India’s wholesale inflation rises to 9.68% in May, hitting its highest level in recent months

June 16, 2026June 16, 2026 - by cmedia

IBNS-CMEDIA: All India Wholesale Price Index (WPI) inflation for May 2026 is 9.68 per cent on year-on-year (YoY) basis, compared to 8.26 per cent in April 2026, as per official …

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India and Nepal switch on UPI link, ushering in instant cross-border payments

June 12, 2026June 12, 2026 - by cmedia

IBNS-CMEDIA: India and Nepal have formally launched a peer-to-peer (P2P) cross-border remittance system, marking a significant milestone in digital financial integration between the two neighbours. The system, inaugurated on June 6, 2026, …

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Elon Musk’s SpaceX heads for a Nasdaq debut as $250 billion demand ignites Wall Street buzz

June 11, 2026June 11, 2026 - by cmedia

New York/IBNS-CMEDIA: The massive SpaceX initial public offering is entering its final stages, with investor demand continuing to surge ahead of the company’s highly anticipated Nasdaq debut on Friday (June 12). The order book for …

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Finance/Business

India set to get its first AI data centre; Reliance-Meta tie-up sends stocks soaring

June 10, 2026June 10, 2026 - by cmedia

Mumbai/IBNS-CMEDIA: Shares of Reliance Industries Ltd. (RIL) jumped over 2 percent on Wednesday after the company announced a landmark partnership with Meta to develop an AI-enabled data centre in Jamnagar, …

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TCS to have as many AI agents as human employees, says Chandrasekaran

June 9, 2026June 9, 2026 - by cmedia

IBNS-CMEDIA: TCS Chairman N. Chandrasekaran has said he expects the company to have as many artificial intelligence (AI) agents as human employees within the next three years. “If the company …

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TCS secures Life blockbuster multi-year AI services deal with Canada

June 9, 2026June 9, 2026 - by cmedia

IBNS-CMEDIA: Tata Consultancy Services  Opens in new tab (TCS), an IT service major, has signed a multi-year transformation and managed services agreement with Canada Life, a leading global life and …

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Finance/Business

Perplexity reveals major 2028 roadmap amid growing AI IPO competition

June 9, 2026June 9, 2026 - by cmedia

Mumbai/IBNS-CMEDIA: AI-powered search startup Perplexity plans to go public in 2028 regardless of whether rivals OpenAI and Anthropic proceed with their own stock market listings, CNBC reported. Perplexity CEO Aravind …

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Canadian Media is a digital news publication covering both national and international developments on varied segments of society and public life such as Health, Politics, Business, Education, Environment, Entertainment, Biodiversity, Science & Research, First Nations, humanitarian crisis, gender issues, etc. It aims to present news in an objective and unbiased way. Our primary focus is Canada and India besides the world at large.  

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