OpenAI said it's buying AI device startup io, co-founded by Jony Ive who designed Apple's iPhone, iPad, iPod and MacBook Air, for $6.5 billion (over ₹55,600 crore). With the ChatGPT-maker's largest-ever acquisition, OpenAI intends to produce a family of AI devices, CEO Sam Altman said. Ive and his team of about 55 engineers, designers and researchers will now join OpenAI.

The Centre launched a nationwide drive to bring informal economic activities under the GST regime to curb tax evasion and broaden the revenue base, a report stated. The drive includes identifying potential taxpayers among food vendors, small retailers, and others who remain outside the GST system. Government believes that more GST registrations mean better compliance and smoother trade.

Bitcoin, the world's largest cryptocurrency, touched an all-time high of $109,481.83 on Wednesday, Reuters reported. Bitcoin had reached its previous all-time high of $109,228.6 in late January, according to Investing.com. The price of Bitcoin had dipped below $75,000 in early April, but has surged 16% so far in the month of May.

Gold prices jumped by ₹1,910 to ₹98,450 per 10 grams in Delhi on Wednesday, according to the All India Sarafa Association. The metal of 99.9% purity had closed at ₹96,540 per 10 grams on Tuesday. Meanwhile, silver prices climbed ₹1,660 to ₹99,160 per kg. The white metal had closed at ₹97,500 per kg in the previous market close.

Gold prices rose to their highest level in over a week in US on Wednesday. Prices rose due to weak dollar and safe-haven demand as President Donald Trump failed to convince Republican holdouts to back his tax bill. Spot gold was up 0.8% at $3,314.48/ounce at 1022 GMT. Experts believe that the country's fiscal concerns are weighing on the dollar.

Darjeeling tea is the first Indian product which received the Geographical Indication (GI) 21 years ago. The remarkable brew from West Bengal's Darjeeling made history as India’s first product to receive the GI tag in 2004-2005. This prestigious recognition marked a significant milestone in India’s journey to protect and preserve its rich cultural heritage through the GI tagging system.

Jason Kothari's new startup Mythik has raised a record $15 million in seed funding to create globally appealing content rooted in Eastern mythology. Backed by top investors including Shah Rukh Khan’s family office and BITKRAFT, Mythik aims to build immersive franchises using AI and gaming tech, marking a pivotal moment for India's media-tech landscape.

Which cup is most sustainable plastic, paper, mitti, glass, or steel? A lifecycle assessment based on India’s recycling realities reveals surprising truths. Most single-use cups aren’t truly recyclable or eco-friendly. Despite high production energy, steel cups last years and are 100% recyclable. The best choice? Carry your own reusable cup and cut waste at the root.

Only 7% of Indian business heirs feel obligated to join the family business, an HSBC report reveals. Influenced by global exposure and new aspirations, many prefer personal growth and startups over legacy roles. This shift challenges traditional succession planning and highlights the need for strategic adaptation, professional governance, and flexible family business models in India.

As ESG claims face scrutiny for greenwashing, blockchain offers a way to verify them with transparency and trust. From carbon credits to recycled materials and organic sourcing, immutable records can help companies prove their sustainability efforts. While challenges remain, blockchain could become a vital tool for businesses seeking to grow responsibly and credibly.