Business

The output of iron ore, which accounts for 70 per cent of the total mineral production by value, increased to 289 million metric tonnes (MMT) in FY 2024-25, breaking the earlier production record of 277 MMT achieved in FY 2023-24, registering a 4.3 per cent growth

The development follows Apple CEO Tim Cook’s recent statement during the company’s Q2 2025 earnings call, where he disclosed that most iPhones sold in the US during the ongoing April–June quarter would be manufactured in India.

Iyer will represent India on the IMF Board as the slot has fallen vacant following the recall of KV Subramanian as the country’s executive director, six months ahead of his three-year tenure

The 30-share BSE Sensex jumped 386.95 points to reach 80,888.94 in early trading, while the NSE Nifty advanced 114.05 points to 24,460.75. Among the top performers on the Sensex were Adani Ports, Asian Paints, Bajaj Finserv, Tata Consultancy Services, Infosys, HDFC Bank, Power Grid, HCL Tech, Titan, and Tata Motors.

Forex traders noted that a steep drop in crude oil prices, along with a strong performance in domestic equities, boosted investor sentiment. Brent crude prices fell by nearly 4 percent in early Asian trading after OPEC+ indicated plans over the weekend to ramp up production in the coming months.

Many potential buyers of electric vehicles in India are keeping their plans on hold because of the government’s flip-flops on EV and trade policy

In the agri sector, the Global Trade Research Initiative (GTRI) said the US demands include scaling back India's minimum price support (MSP) programs for crops like rice and wheat, removing restrictions on genetically modified (GM) imports, and lowering farm tariffs

AI requires careful governance to fully harness its potential while mitigating the risks and challenges it presents, CII said in a release, adding that the guidebook aims to serve as an effective tool for the board of directors to navigate the intricate landscape of AI governance and drive better business outcomes

The Central KYC is an online database that maintains KYC records of customers in a centralised manner, aiming to streamline compliance across financial institutions

Diesel, India's most consumed petroleum fuel and lifeline of transport and rural agri economy, saw just 2 per cent growth in demand in fiscal year ended March 31, 2024 and no growth at all in the preceding financial year

Set up with an investment of over Rs.100 crores, the 1,60,000 sq. ft Phase-I facility is located on a 5-acre campus and is designed with an initial capacity to produce 4.8 GWh of high-capacity battery packs for electric vehicles and energy storage systems.

The Information and Broadcasting minister made these remarks after seven leading firms -- JioStar, Google, Adobe, Meta, Apple, NVIDIA and Microsoft -- exchanged Letters of Intent with the IICT on the sidelines of the World Audio Visual and Entertainment Summit (WAVES) here

The project will include theme parks, gaming zones, and global cinema co-production zones, and aims to drive job creation, skill development, tourism, and digital innovation

India’s biggest lender had earned a profit of Rs 20,698 crore in the January-March period of 2023-24

A provision in this regard has been added in Foreign Trade Policy (FTP) 2023 "to prohibit direct or indirect import or transit of all goods originating in or exported from Pakistan with immediate effect until further orders", it said in the notification dated May 2

Poonam Gupta, who assumed charge recently as Deputy Governor, gets monetary policy department

The Rs 2000 banknotes continue to be legal tender. On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2000 denomination banknotes from circulation

KL Rahul, one of India’s most accomplished cricketers, as the first-ever Indian athlete to be named a global ambassador

Coal offtake refers to the volume of coal supplied from a coal pithead. It's different from coal production as it can include previously stored coal

During the company's second-quarter earnings call, Apple CEO Tim Cook said that Vietnam will become the country of origin for almost all iPad, Mac, Apple Watch, and AirPods products sold in the US

A strong global market trend further bolstered investor sentiment, lifting equities. The 30-share BSE Sensex rallied 500.81 points to 80,743.05 in early trade, while the NSE Nifty advanced 110.65 points to 24,444.85.

Forex traders noted that GST collections surged to a record ₹2.37 lakh crore in April, indicating strong domestic demand. Additionally, upbeat sentiment was supported by a rally in domestic equities, fueled by consistent foreign fund inflows.

Cleaner production goes beyond green policies and lies in incorporating Social, Environmental and Economic aspects for a sustainable framework

Zomato, which re-branded itself to Eternal in March, reported a net profit of Rs 39 crore for the fourth quarter ended March