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Finance/Business

All Finances

Meta invests $900 million in CRED; founder Kunal Shah named new WhatsApp chief

June 22, 2026June 22, 2026 - by cmedia

IBNS-CMEDIA: Meta Platforms has invested $900 million (approximately ₹8,550 crore) in Indian fintech startup CRED as part of the company’s Series H funding round, marking one of the social media …

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Finance/Business

Elon Musk’s $60 billion Cursor deal sees Indian-origin Aman Sanger and Pakistan-born Sualeh Asif gain $2.7 billion

June 20, 2026June 20, 2026 - by cmedia

IBNS-CMEDIA: Indian-origin Aman Sanger and Pakistan-born Sualeh Asif are set to receive approximately $2.7 billion each after Elon Musk’s SpaceX agreed to acquire Cursor parent company Anysphere in a $60 billion deal.  The acquisition …

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All Finances

From Wellness to Wealth: Allure Spa Franchise Is Attracting New-Age Investors

June 18, 2026June 18, 2026 - by cmedia

IBNS-CMEDIA: Over the past five years, India’s wellness and spa industry has experienced remarkable growth driven by increasing lifestyle stress, rising disposable incomes, growing awareness around self-care, and the demand …

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Fashion / Finance/Business

Nykaa takes its shopping experience to ChatGPT through OpenAI partnership; shares surge

June 18, 2026June 18, 2026 - by cmedia

Mumbai/IBNS-CMEDIA: Shares of FSN E-Commerce Ventures Ltd., the parent company of Nykaa, gained on Wednesday after the beauty and fashion retailer announced a strategic partnership with OpenAI, according to media …

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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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All Finances

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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All Finances

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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All Finances

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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All Finances

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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