Ashley Paul

Startup employee asks Mallya to rent his Goa villa, Co-founder finds out & issues challenge

A startup employee publicly tagged fugitive businessman Vijay Mallya, seeking to rent Goa's Kingfisher villa for an event. The startup's Co-founder Dinesh Singh reacted to the post, claiming he didn't approve it and found out about her public request after she'd already posted it. "If this post crosses 5,000 [reposts], I'm taking entire...team on international trip. On me," Singh said.

May 13th, 2026

Startup employee asks Mallya to rent his Goa villa, Co-founder finds out & issues challenge

Jessica Rajan

AI-driven productivity gains could add $1 trillion to India's GDP by 2035, according to a joint report by OpenAI and venture capital firm Z47. The report estimates AI could boost India's annual GDP growth by 1-1.5 percentage points. This comes as India has become the world's second-largest AI market, with over 100 million weekly ChatGPT users.

May 13th, 2026

India’s GDP could get $1 trillion boost from AI by 2035: Study

Jessica Rajan

The Karnataka High Court on Tuesday sought ED's response to a plea by the founders of Gameskraft challenging their arrest in a money laundering case. The case stems from FIRs alleging a ₹250 crore fraud linked to the gaming firm. The ED has accused the company of manipulating game results and encouraging users to make large deposits.

May 13th, 2026

Karnataka HC seeks ED's reply on Gameskraft founders' arrest plea

Mansi Agarwal

OpenAI CEO Sam Altman said Elon Musk's exit from the startup's board in 2018 was a "morale boost" for some employees. He added that Musk's management style "demotivated" some of the startup's researchers. "I don't think Musk understood how to run a good research lab," Altman said during the ongoing trial in the lawsuit filed by Musk.

May 13th, 2026

Elon Musk's OpenAI exit boosted morale of some employees: Sam Altman

Vaishnavi Mishra

Union Commerce Minister Piyush Goyal addressed the Confederation of Indian Industry Annual Summit on Tuesday amid tensions around foreign exchange reserves. "India has nearly 11 months of import cover in foreign exchange reserves," Goyal said. He added that India's trade deficit in goods and services together is much lower than country’s annual remittances, reflecting strong economic performance.

May 13th, 2026

India has nearly 11 months of import cover in forex: Goyal

Dharini Mudgal

PM Narendra Modi has urged people to prioritise work from home to reduce fuel consumption amid the Iran war. India’s IT sector remains the most WFH-ready industry as software developers and coders can function remotely, reported News18. Digital journalism, consulting, e-commerce, advertising and online education can also operate remotely. In banking, back-office functions can shift online.

May 13th, 2026

Which jobs can shift to work from home immediately in India?

Ashley Paul

RBI Governor Sanjay Malhotra has warned of an impending hike in petrol and diesel prices in India if the US-Iran war keeps going on, Bloomberg reported. Speaking at a Swiss National Bank-IMF conference, Malhotra said, "If this is to continue for longer period of time, it's just matter of time before government will pass on some of the price increases."

May 13th, 2026

RBI Governor warns of petrol & diesel price hikes if Middle East war keeps going on

Jessica Rajan

Jio Platforms has appointed Akash M Ambani as Managing Director for a five-year term starting April 9, ahead of its planned initial public offering (IPO), Mint reported. The move comes as the telecom and digital company prepares to file its draft red herring prospectus (DRHP) with SEBI. Akash Ambani is the eldest son of Reliance Industries Chairman Mukesh Ambani.

May 13th, 2026

Jio Platforms names Akash Ambani as MD ahead of IPO: Report

Vaishnavi Mishra

US President Donald Trump has invited CEOs of some of America's biggest companies to join his China trip for a highly anticipated summit with President Xi Jinping. The business delegation includes Tesla CEO Elon Musk, Nvidia CEO Jensen Huang, BlackRock CEO Larry Fink, Boeing CEO Kelly Ortberg, Goldman Sachs' David Solomon, Micron CEO Sanjay Mehrotra and Apple CEO Tim Cook.

May 13th, 2026

Which business leaders are accompanying Trump on his China trip?

Ratnaveer Precision Engineering reported FY26 revenue of ₹1,068.74 crore, up 19.8% YoY, while PAT increased 37.4% to ₹64.31 crore. Q4FY26 PAT rose 59% YoY to ₹17.03 crore. During the quarter, the company allotted 34.31 lakh equity shares through warrant conversion to promoter category investors.

May 13th, 2026

Ratnaveer Precision FY26 PAT jumps 37%

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