Drone manufacturer ideaForge's board approved raising up to ₹500 crore through various avenues, the firm announced. The firm said the fundraise can be undertaken through one or more approved procedures including preferential allotment, private placement or qualified institutional placement (QIP). The company reported a net profit of ₹60 crore for March quarter as its revenue surged to ₹141 crore.

The government agency CERT-In has issued a warning to Microsoft Office users about a security flaw CVE-2026-45659, allowing hackers to take over the system through infected documents. The agency noted remote code execution vulnerability in Microsoft Office components due to deserialisation of untrusted data. CERT-In urged users to update all the Office apps at earliest.

Vedanta on Thursday announced the ED has concluded search operations at the company's premises and that no penalty, restriction, or sanction has been imposed following the exercise. "There is no impact on financial, operational, or other activities of the company," it said. Vedanta added that the searches were conducted under the provisions of the Foreign Exchange Management Act (FEMA), 1999.

The Union Cabinet has recommended an ordinance to ease tax rules for foreign investors in certain categories of securities, according to TOI. This comes as FPIs withdrew a record ₹2.25 lakh crore from Indian stock markets in 2026. Currently, foreign investors pay 12.5% long-term capital gains tax on government bonds and a 20% withholding tax on interest earned from them.

More than 700 employees and interns of an IT company operating in Pune's Hinjewadi technology hub were left without jobs after the firm allegedly shut down operations abruptly, leaving salaries, stipends and employee benefits unpaid. Following a wave of urgent complaints from affected staff members, the Hinjewadi police registered a case of fraud and officially arrested the company's CEO. 

Trent shares fell 33% to ₹ 2,771 on June 4 after turning ex-bonus for its 1:2 bonus share issue. The decline mainly reflects a price adjustment due to the increased share count and not a loss in shareholder value. On an adjusted basis, the Tata Group retailer's stock was down around 2.4% in early trade.

Bank Nifty closed 0.88% higher at 54,185.95 on Wednesday after rebounding over 1,150 points from its intraday low of 53,027. Banking stocks led the recovery, with Federal Bank rising 3.2% and Union Bank gaining 2.8%. The rally came despite broader market weakness, with Nifty IT plunging 5.6% and Sensex falling 304 points during the session.

The shares of PhysicsWallah surged around 18% on Thursday after the edtech firm announced a strategic shift in its student lending business through partnerships with multiple regulated non-banking financial companies (NBFCs) to cater to student financing needs. The stock opened at ₹91.05 on the BSE, hit an intraday high of ₹108.45, and was trading at around ₹106.50 at 2:35 pm.

US asset manager Vanguard has slashed Ola Consumer's valuation to about $70.3 million, according to its latest filing with the US Securities and Exchange Commission. The markdown represents a nearly 99% decline from the ride-hailing firm's peak valuation of $7.3 billion in 2021. The India-based company is reportedly preparing for its IPO and is in talks with investment banks.

Former IPL Chairman Lalit Modi has claimed that he spends ₹10-12 crore every week, saying he has no intention of changing his lavish lifestyle for anyone. "I was born with a diamond spoon in my mouth. When people accuse me of taking a few crores, I tell them that I earn more than that in a single day," he added.