Sourav Kumar
Uber said that it is cutting 23% of jobs in its people division, including human resources and recruitment teams, as part of an effort to streamline operations under new president Jill Hazelbaker. The layoffs come amidst the company hiring for over 800 roles, including for commercialising robotaxis. CEO Dara Khosrowshahi described the restructuring as "necessary" in an internal memo.
Jun 3rd, 2026

Bhawana Chaudhary
Indians can legally buy shares in multi-trillion-dollar IPOs of SpaceX, ChatGPT and Anthropic, with the most accessible route being secondary market participation under RBI's Liberalised Remittance Scheme, according to market experts. Investors can participate in the IPOs through international brokerages and GIFT City-based platforms. The investments, however, attract several layers of taxes.
Jun 3rd, 2026

Sourav Kumar
Bengaluru-based startup Dognosis is using trained dogs and AI technology to help detect cancer early through human breath samples, aiming to make screening faster and more accessible. The startup leverages dogs' extraordinary sense of smell to identify chemicals. Breath samples are collected through special masks that capture volatile organic compounds and change colour when cancer is detected.
Jun 3rd, 2026

Sourav Kumar
The Central Consumer Protection Authority (CCPA) has imposed a ₹5 lakh penalty on PhysicsWallah and ₹1 lakh on McAfee for using dark pattern practices that misled consumers and influenced their choices on digital platforms. Both companies have been directed to immediately remove such practices. Dark patterns are deceptive design techniques that nudge users into making unintended purchases.
Jun 3rd, 2026

Anushka Singh
The Competition Commission of India (CCI) ordered a probe into beauty pageant organiser Mrs India over their anti-competitive practices. A complaint by a first runner-up of the pageant alleged that Mrs India imposed restrictions on participants from participating in or associating with other beauty pageants for five years. The CCI noted that some contractual clauses appeared to be exploitative.
Jun 3rd, 2026

Bhawana Chaudhary
The combined net worth of the world's 3,428 richest people has now crossed the $20-trillion mark as it hit $20.1 trillion (₹1,922 lakh crore), Forbes reported. The AI-led boom has helped add one new billionaire to the list every day over the last year. The US dominated with 989 billionaires, followed by China and India.
Jun 3rd, 2026

Sourav Kumar
Bernd Lange, chair of the European Parliament's Committee on International Trade, said any fresh US tariffs on European Union goods beyond last year's agreed rates would be "unacceptable." His remarks came after the US proposed additional duties of 12.5% on imports from 60 economies, including the EU. Washington accused the EU of not curbing forced-labour goods trade.
Jun 3rd, 2026

Anushka Singh
The government has extended duty on solar glass imports from Malaysia for another five years, a finance ministry gazette said. An investigation by the Directorate General of Trade Remedies concluded that the withdrawal of the duty would hamper domestic manufacturers of the product. Import duty on textured tempered glass or solar glass will range from 9.71% to 10.14%.
Jun 3rd, 2026

Anushka Singh
Ford Motor will recall about 4.2 lakh vehicles in the US due to issues with their seat belts, the country's highway traffic safety body said. The seat belts of certain vehicles do not retract or extend properly and can fail to restrain passengers as intended, risking injury. Some 2018-2022 Expedition and Lincoln Navigator vehicles will be affected by the recall.
Jun 3rd, 2026

Pravel Jain
Wipro CEO and Managing Director Srini Pallia's total compensation declined more than 7% to around ₹49.6 crore in FY26, according to the company's annual report. He had earned about ₹53.6 crore in FY25. Pallia's FY26 pay package was lower than Infosys CEO Salil Parekh's ₹82.6 crore compensation, but higher than TCS CEO K Krithivasan's remuneration of ₹28 crore.
Jun 3rd, 2026

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