The Indian Rupee recovered 61 paise on Thursday to ₹96.25/USD after hitting a record closing low of ₹96.86/USD in the previous session. This comes after the RBI announced a $5-billion USD-INR buy-sell swap auction for a three-year tenor on May 26. Brent Crude prices dropped after US President Donald Trump indicated that negotiations with Iran were entering the final stages.

Indians on H-1B visas in US who were fired by Meta are resorting to visa loopholes amid a 60-day deadline to find another job or return to India, ET reported. Several laid-off workers are trying to temporarily switch to B-2 visitor visas, which will give them a six-month respite. The switching process is legal, but approvals are hard to secure.

RBI has proposed that bank may resort to restriction or disablement of the functionalities of a mobile device of loan defaulters, provided the acquisition of the device is financed by the bank through a loan. However, lenders are prohibited from completely blocking or disabling mobile phones due to non-payment of loans. "The bank shall not restrict…essential functionalities," the RBI said.

Stocks of unrelated Parle Industries hit the upper circuit after PM Narendra Modi and Italian PM Giorgia Meloni's viral 'Melody' moment. This has happened before due to name confusion. LG Balakrishnan & Bros rallied amid LG Electronics' India IPO buzz in 2025, while Bombay Oxygen Investments soared over 120% in a month during the 2021 COVID-19 oxygen shortage, Groww reported.

The IPO papers filed by SpaceX revealed that Elon Musk is losing billions of dollars while betting on AI technology that hasn't been built yet. While Starlink reported an operating profit of $1.19 billion in January-March, SpaceX still ended up losing $1.94 billion on a $4.69-billion revenue. This is because its AI division lost $2.47 billion on just $818-million revenue.

Samsung Electronics' union said it would call off its strike just before it was set to begin on Thursday after reaching a tentative pay deal with the company. The planned 18-day strike by nearly 48,000 workers will be suspended while workers vote on the agreement. The move averts disruption that had threatened South Korea's economy and global chip supply chain.

Google is rapidly integrating its Gemini AI ecosystem across Android, Search, Chrome, wearables, and connected devices as competition in the AI race intensifies ahead of Apple's expected AI reboot. The move reflects Google's strategy to make Gemini the operating intelligence layer across billions of devices before Apple unveils its next-generation AI-powered ecosystem and Siri transformation.

Indian Railways is preparing to develop its next indigenous bullet train capable of reaching speeds of 350 kmph, marking a major leap in India's high-speed rail ambitions. Railway Minister Ashwini Vaishnaw confirmed that design work is expected to begin within six months. The announcement comes as India simultaneously develops its first domestically-built bullet train with a 280 kmph design speed.

SpaceX's IPO filing has revealed how its CEO Elon Musk could become the world's first trillionaire next month. Musk owns 5.1 billion shares in SpaceX, along with nearly 350 million stock options priced at $8.39. If SpaceX achieves a $2-trillion valuation, Musk's wealth could jump to $1.1 trillion. This would make him over 3x richer than the world's second-richest person.

In IPO filing, Elon Musk's SpaceX warned investors against risks tied to xAI's chatbot, Grok. The firm said Grok's "Spicy” Imagine Mode and "Unhinged" Voice Mode present heightened risks, including reputational harm, explicit content generation, and deceptive outputs that could be viewed as exploitative and harmful. Grok modes are "more irreverent and harsher than our standard offerings", it added