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Company news, funding, corporate moves, startup ecosystem, personal finance

HDFC Bank Names Rajiv Kumar Non-Executive Chairman

HDFC Bank's board has approved Rajiv Kumar, former Chief Election Commissioner and financial services secretary, as its Part-time Non-Executive Chairman from June 30, 2026. His chairmanship still requires RBI approval, but the move ends the bank's prolonged search for a permanent board leader.

Indian Startups Raise $1.1 Bn Led by CRED

Indian startups raised $1.1 billion across 16 deals in the week of June 21-26, 2026, up 2.5 times from the prior week, with CRED's $900 million Series H led by Meta accounting for most of the total. Square Yards became India's 131st unicorn after closing a $95 million round.

Airlines pocket fuel savings, fares stay high

Jet fuel costs dropped sharply after a US-Iran interim peace deal, but airlines are expected to use the savings to rebuild margins rather than cut fares. Tight capacity, aircraft delivery delays, and weak budget carriers give major carriers unusual pricing power heading into the second half of 2026.

Meta Invests $900 Mn in CRED, Shah Exits CEO Role

Meta is investing $900 million in CRED at a $4.5 billion valuation, the largest Indian startup round of 2026, as founder Kunal Shah moves to a global leadership role at WhatsApp. Miten Sampat takes over as interim CEO, and a major employee stock buyback is expected within weeks.

Kunal Shah Leaves CRED to Lead WhatsApp

CRED founder Kunal Shah is stepping down as CEO to lead WhatsApp, as Meta anchors a $900 million Series H round valuing CRED at $4.5 billion. Meta takes a minority stake with no access to CRED's customer data, while Miten Sampat steps in as interim CEO.

Kunal Shah Leaves CRED to Lead WhatsApp at Meta

CRED founder Kunal Shah will lead WhatsApp globally at Meta, which is simultaneously investing $900 million in CRED for a 20% stake at a $4.5 billion valuation. Miten Sampat becomes CRED's interim CEO as the company operates its first profitable year with a fresh RBI payment aggregator licence.

Jio IPO Filing Flags Child Safety Rules as Revenue Risk

Jio Platforms flagged child social media restrictions as a revenue risk in its June 2026 IPO filing with SEBI, citing lower data consumption. The filing omits that telecom-routed age verification could also generate per-check fees for operators like Jio.

Adani Ports Wins 10-Year Argentina LNG Contract

Adani Ports has won a 10-year marine services contract for Argentina's first LNG export project, marking a significant step in its international expansion. The deal adds long-term revenue visibility and deepens the company's presence in high-value global energy infrastructure.

FIFA World Cup Ad Spend in India May Halve

Marketing spends around the 2026 FIFA World Cup in India may fall by half as brands stay away over poor match timings and a late broadcast rights deal. Broadcasters and sports marketers face thinner revenue with little time left for a mid-tournament recovery.

Zee Entertainment Approves Rs 2,300 Crore Fundraise

Zee Entertainment has approved a fundraise of at least Rs 2,300 crore for business initiatives, shortly after signing more than a dozen advertisers for its FIFA World Cup 2026 coverage. The capital raise could help Zee rebuild its balance sheet and fund content investment following the collapse of its Sony merger.

Zee Entertainment Raises $241 Million After FIFA Rights Win

Zee Entertainment plans to raise 23 billion rupees ($241 million) to fund strategic initiatives, following its acquisition of broadcast rights for the 2026 FIFA World Cup in India. The capital raise signals Zee's push to rebuild after the collapse of its Sony merger and compete in live sports content.

Indian Startup Funding Hits Six-Year Low in May

Indian startup funding fell 27% month-on-month to $630 million in May 2026, the lowest monthly total in six years, with Rapido's $240 million Series F accounting for nearly 38% of all capital raised.

Xiaomi Appoints New India Head to Recover Market Share

Xiaomi is replacing India head Alvin Tse with Alexander Tang, who previously oversaw parts of Southeast Asia. The move comes as the company works to reverse falling market share in one of its most important international markets.

Toyota Plans 100,000-Unit Annual Car Plant in India

Toyota plans to build a new car factory in India capable of producing 100,000 units per year. The greenfield plant signals a major long-term bet on Indian demand and positions Toyota to expand its export capacity from the country.

NTPC Files First Nuclear Feasibility Study for 2 GW Target

NTPC is submitting its first nuclear feasibility study to the Department of Atomic Energy to secure approval for standalone nuclear projects. The company targets 2 GW of nuclear capacity by 2032 and is evaluating sites in Bihar and other states.

Toyota Q4 Profit Crashes 49% on U.S. Tariffs

Toyota's fourth-quarter net profit fell 49% year on year in the quarter ended March, badly missing analyst expectations, even as revenue rose 1.89%. U.S. tariffs drove the gap, compressing margins sharply despite steady sales volumes.

Indian Banks Shift West Asia Staff, Activate Continuity Plans

Indian banks have activated contingency plans and moved some staff and wholesale operations back to India amid the Iran-US conflict. The shift raises near-term concerns for trade finance and remittance flows through a region critical to India's foreign exchange earnings.

Noel Tata Resists Tata Sons IPO Amid Internal Split

Noel Tata is opposing a public listing of Tata Sons despite two trustees set to formally propose an IPO at an upcoming board meeting. The move is driven partly by RBI regulations and would benefit minority shareholder Shapoorji Pallonji Group by giving its stake a tradeable market value.

Boeing Heads to Civil Trial Over 737 MAX Crashes

Boeing is set to face a civil trial connected to its 737 MAX crashes, which killed 346 people across two accidents in 2018 and 2019. The trial keeps legal and financial pressure on the company as it already wrestles with production issues and regulatory scrutiny.

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Business

HDFC Bank's board governance gap may close once RBI clears the appointment

HDFC Bank Names Rajiv Kumar Non-Executive Chairman

HDFC Bank's board has approved Rajiv Kumar, former Chief Election Commissioner and financial services secretary, as its Part-time Non-Executive Chairman from June 30, 2026. His chairmanship still requires RBI approval, but the move ends the bank's prolonged search for a permanent board leader.

Yesterday · 3 min · Business

HDFC Bank Names Rajiv Kumar Non-Executive Chairman

CRED's $900M raise may boost late-stage fintech valuations across India

Indian Startups Raise $1.1 Bn Led by CRED

Indian startups raised $1.1 billion across 16 deals in the week of June 21-26, 2026, up 2.5 times from the prior week, with CRED's $900 million Series H led by Meta accounting for most of the total. Square Yards became India's 131st unicorn after closing a $95 million round.

3d ago · 4 min · Business

Indian Startups Raise $1.1 Bn Led by CRED

Airfares may stay elevated even as jet fuel costs fall sharply in mid-2026

Airlines pocket fuel savings, fares stay high

Jet fuel costs dropped sharply after a US-Iran interim peace deal, but airlines are expected to use the savings to rebuild margins rather than cut fares. Tight capacity, aircraft delivery delays, and weak budget carriers give major carriers unusual pricing power heading into the second half of 2026.

6d ago · 5 min · Business

Airlines pocket fuel savings, fares stay high

Hundreds of CRED employees may monetise stock holdings within weeks

Meta Invests $900 Mn in CRED, Shah Exits CEO Role

Meta is investing $900 million in CRED at a $4.5 billion valuation, the largest Indian startup round of 2026, as founder Kunal Shah moves to a global leadership role at WhatsApp. Miten Sampat takes over as interim CEO, and a major employee stock buyback is expected within weeks.

6d ago · 4 min · Business

Meta Invests $900 Mn in CRED, Shah Exits CEO Role

Meta's minority stake in CRED could deepen WhatsApp Pay's push into Indian financial services

Kunal Shah Leaves CRED to Lead WhatsApp

CRED founder Kunal Shah is stepping down as CEO to lead WhatsApp, as Meta anchors a $900 million Series H round valuing CRED at $4.5 billion. Meta takes a minority stake with no access to CRED's customer data, while Miten Sampat steps in as interim CEO.

7d ago · 3 min · Business

Kunal Shah Leaves CRED to Lead WhatsApp

Meta's $900M bet could push WhatsApp Pay to compete harder with PhonePe and Google Pay

Kunal Shah Leaves CRED to Lead WhatsApp at Meta

CRED founder Kunal Shah will lead WhatsApp globally at Meta, which is simultaneously investing $900 million in CRED for a 20% stake at a $4.5 billion valuation. Miten Sampat becomes CRED's interim CEO as the company operates its first profitable year with a fresh RBI payment aggregator licence.

7d ago · 4 min · Business

Kunal Shah Leaves CRED to Lead WhatsApp at Meta

Jio's data revenue could fall if states ban social media for under-16s

Jio IPO Filing Flags Child Safety Rules as Revenue Risk

Jio Platforms flagged child social media restrictions as a revenue risk in its June 2026 IPO filing with SEBI, citing lower data consumption. The filing omits that telecom-routed age verification could also generate per-check fees for operators like Jio.

8d ago · 4 min · Business

Jio IPO Filing Flags Child Safety Rules as Revenue Risk

Adani Ports could gain steady international revenue for at least a decade from this contract

Adani Ports Wins 10-Year Argentina LNG Contract

Adani Ports has won a 10-year marine services contract for Argentina's first LNG export project, marking a significant step in its international expansion. The deal adds long-term revenue visibility and deepens the company's presence in high-value global energy infrastructure.

17d ago · 3 min · Business

Adani Ports Wins 10-Year Argentina LNG Contract

Ad revenue for World Cup broadcasters in India may fall sharply in 2026

FIFA World Cup Ad Spend in India May Halve

Marketing spends around the 2026 FIFA World Cup in India may fall by half as brands stay away over poor match timings and a late broadcast rights deal. Broadcasters and sports marketers face thinner revenue with little time left for a mid-tournament recovery.

18d ago · 3 min · Business

FIFA World Cup Ad Spend in India May Halve

Zee shareholders may face dilution if the fundraise involves fresh equity issuance

Zee Entertainment Approves Rs 2,300 Crore Fundraise

Zee Entertainment has approved a fundraise of at least Rs 2,300 crore for business initiatives, shortly after signing more than a dozen advertisers for its FIFA World Cup 2026 coverage. The capital raise could help Zee rebuild its balance sheet and fund content investment following the collapse of its Sony merger.

19d ago · 3 min · Business

Zee Entertainment Approves Rs 2,300 Crore Fundraise

Zee's FIFA rights win could attract higher ad rates from major brands

Zee Entertainment Raises $241 Million After FIFA Rights Win

Zee Entertainment plans to raise 23 billion rupees ($241 million) to fund strategic initiatives, following its acquisition of broadcast rights for the 2026 FIFA World Cup in India. The capital raise signals Zee's push to rebuild after the collapse of its Sony merger and compete in live sports content.

20d ago · 3 min · Business

Zee Entertainment Raises $241 Million After FIFA Rights Win

Xiaomi's mid-range and budget phone users in India may see pricing or product changes soon

Xiaomi Appoints New India Head to Recover Market Share

Xiaomi is replacing India head Alvin Tse with Alexander Tang, who previously oversaw parts of Southeast Asia. The move comes as the company works to reverse falling market share in one of its most important international markets.

1mo ago · 3 min · Business

Xiaomi Appoints New India Head to Recover Market Share

Could increase competition in India's mid-size and SUV segments

Toyota Plans 100,000-Unit Annual Car Plant in India

Toyota plans to build a new car factory in India capable of producing 100,000 units per year. The greenfield plant signals a major long-term bet on Indian demand and positions Toyota to expand its export capacity from the country.

1mo ago · 2 min · Business

Toyota Plans 100,000-Unit Annual Car Plant in India

Could open nuclear power development to a second major public-sector player

NTPC Files First Nuclear Feasibility Study for 2 GW Target

NTPC is submitting its first nuclear feasibility study to the Department of Atomic Energy to secure approval for standalone nuclear projects. The company targets 2 GW of nuclear capacity by 2032 and is evaluating sites in Bihar and other states.

1mo ago · 2 min · Business

NTPC Files First Nuclear Feasibility Study for 2 GW Target

U.S. tariffs may continue to squeeze profits at Japanese automakers through 2025

Toyota Q4 Profit Crashes 49% on U.S. Tariffs

Toyota's fourth-quarter net profit fell 49% year on year in the quarter ended March, badly missing analyst expectations, even as revenue rose 1.89%. U.S. tariffs drove the gap, compressing margins sharply despite steady sales volumes.

1mo ago · 2 min · Business

Toyota Q4 Profit Crashes 49% on U.S. Tariffs

Remittances from Gulf workers to India could face disruption if tensions spread

Indian Banks Shift West Asia Staff, Activate Continuity Plans

Indian banks have activated contingency plans and moved some staff and wholesale operations back to India amid the Iran-US conflict. The shift raises near-term concerns for trade finance and remittance flows through a region critical to India's foreign exchange earnings.

1mo ago · 2 min · Business

Indian Banks Shift West Asia Staff, Activate Continuity Plans

A Tata Sons listing could create a major new stock tracking one of India's

Noel Tata Resists Tata Sons IPO Amid Internal Split

Noel Tata is opposing a public listing of Tata Sons despite two trustees set to formally propose an IPO at an upcoming board meeting. The move is driven partly by RBI regulations and would benefit minority shareholder Shapoorji Pallonji Group by giving its stake a tradeable market value.

1mo ago · 3 min · Business

Noel Tata Resists Tata Sons IPO Amid Internal Split

Boeing could face additional financial damages beyond prior settlements

Boeing Heads to Civil Trial Over 737 MAX Crashes

Boeing is set to face a civil trial connected to its 737 MAX crashes, which killed 346 people across two accidents in 2018 and 2019. The trial keeps legal and financial pressure on the company as it already wrestles with production issues and regulatory scrutiny.

1mo ago · 2 min · Business

Boeing Heads to Civil Trial Over 737 MAX Crashes