Business News

1. 

   Skyroot Aerospace Becomes India’s First Space-Tech Unicorn After $60 Million Funding Round

   Backed by Sherpalo, GIC, BlackRock and other investors, the Hyderabad-based rocket startup is now valued at $1.1 billion as it prepares for the Vikram-1 orbital launch.

2. 

   AI Chip Boom Pushes Samsung to $1 Trillion, Raises Consumer Electronics Price Concerns

   Samsung shares jumped sharply on 6 May 2026, helping South Korea’s Kospi index cross the 7,000 mark for the first time. Reuters reported that Samsung Electronics rose 14.4% and rea

3. 

   Rupee Gains as Oil Prices Slide on Hopes of U.S.-Iran Peace Deal

   The Indian rupee gained nearly 0.8% on Wednesday as Brent crude oil futures dropped nearly 7% following reports of progress in U.S.-Iran peace talks.

4. 

   Paytm Q4 Results: One97 Communications Posts ₹183 Crore Profit, Shares Rise Over 6%

   Paytm parent One97 Communications reported a consolidated profit of ₹183 crore in Q4FY26, compared with a loss of ₹545 crore a year ago. The stock rose over 6% after the results.

5. 

   M&M Q4 Results: Mahindra PAT Jumps 42% to Rs 4,668 Cr, Revenue Rises 29%

   Mahindra & Mahindra reported a strong performance for Q4 FY26, with consolidated PAT rising 42% year-on-year to Rs 4,668 crore and revenue growing 29% to Rs 54,982 crore.

6. 

   Cabinet Clears ECLGS 5.0 to Help Businesses Manage West Asia Crisis Impact

   ECLGS 5.0 is aimed at helping such businesses continue operations without facing sudden liquidity pressure.

7. 

   What Are India's State Investment Summits? Souvenirs & Impact Explained

   In early 2025 alone, six state governments held India's State Investment and generated investment proposals totalling over Rs 60 lakh crore. Madhya Pradesh's Global Investors Summi