Business

Indian equities rose modestly Friday, with Sensex and Nifty higher amid easing crude prices and strong earnings. IT stocks led gains, while FMCG remained flat. Asian markets surged, Wall Street closed positive, and Brent crude slipped below $92 per barrel

External Affairs Minister S Jaishankar attended the EU Foreign Ministers’ informal Gymnich meeting in Cyprus, discussing emerging multipolar order and cooperation. He also held bilateral talks with counterparts from Spain, Ukraine, Saudi Arabia, and the EU on trade, security, and regional developments

Gold and silver prices declined in international markets as a stronger US dollar and renewed US-Iran tensions dampened investor sentiment. Rising crude oil prices and persistent inflation concerns also reduced hopes of near-term interest rate cuts by major central banks.

A US delegation led by chief negotiator Brendan Lynch will visit India from June 1-4 to finalise details of the interim trade pact and advance broader bilateral trade agreement negotiations covering tariffs, market access, investment, critical minerals, energy cooperation and supply chains

Even as poverty declines, widening income inequality is making India’s economic growth story increasingly uneven

The rupee appreciated 12 paise to close at 95.58 against the US dollar on Wednesday amid cautious investor sentiment over US-Iran tensions. Traders are now focusing on the upcoming RBI Monetary Policy Committee meeting scheduled from June 3 to 5

Gold prices dropped Rs 1,100 in Delhi on Wednesday amid weak global trends and stronger safe-haven demand for the dollar. Silver prices also declined sharply as investors tracked US-Iran tensions and awaited key US economic data for interest rate signals

HDFC Bank rejected allegations of wrongdoing linked to reported payments of Rs 45 crore to MSRDC allegedly routed through its marketing department. The clarification came after media reports on an internal vigilance investigation, while the bank’s shares closed lower on the BSE

Adani group stocks closed higher on Wednesday despite a subdued market, with Adani Power overtaking Infosys in market capitalisation ranking. Several Adani group companies touched their 52-week highs during intra-day trade, while the Sensex and Nifty ended lower

Benchmark indices Sensex and Nifty closed lower amid weakness in banking stocks and concerns over the US-Iran situation. Analysts said geopolitical uncertainty and continued foreign institutional investor outflows kept investors cautious despite gains in broader market segments.

Benchmark indices Sensex and Nifty turned lower after an initial rise amid geopolitical tensions following fresh US strikes in Iran and continued foreign fund outflows. Investors remained cautious over energy supply concerns and volatility in global markets and crude oil prices.

The rupee weakened by 8 paise against the US dollar in early trade amid rising crude oil prices and renewed geopolitical tensions following fresh US strikes on Iran. Investors are also closely watching the upcoming RBI monetary policy meeting for cues on interest rates.

Chief executives of Air India, Tata Digital and Tata Electronics — key group bets facing mounting losses — made presentations; Chandrasekaran’s reappointment may be discussed on June 12.

India and Canada signalled a rapid reset in bilateral ties, aiming to conclude a free trade agreement by year-end. Leaders from both nations highlighted expanding cooperation in trade, investment, energy, technology, agriculture and education to strengthen economic relations and diversify exports

Gold and silver prices fell in Mumbai after US strikes on Iran, with gold futures dropping 0.61% to ₹1,58,110 and silver sliding nearly 2% to ₹2,71,972. Analysts cited geopolitical tensions, safe-haven demand, and technical resistance levels influencing trade

The Supreme Court agreed to Reliance Industries’ request for conciliation with the Centre over the Krishna-Godavari basin gas migration dispute. The hearing was adjourned to July, with the court encouraging amicable settlement between RIL, BP, Niko, and the government

BSNL’s revenue rose to Rs 25,000 crore in two years following infrastructure improvements and operational reforms, according to the government. Minister Chandra Sekhar Pemmasani said BSNL tariffs remain cheaper than private operators and highlighted the rapid rollout of indigenous 4G technology

Sebi has proposed a new framework for managing strike prices in options contracts during periods of sharp market volatility. The proposal includes daily reviews, intraday introduction of strike prices and updated rules for exchanges across equity, currency and commodity options segments

The government said India has adequate petrol, diesel and LPG stocks despite panic buying in some states. Officials attributed temporary dryouts at fuel stations to sudden demand spikes, agricultural consumption and consumers shifting from costlier private retailers to PSU-operated pumps

Finance Minister Nirmala Sitharaman said the government sacrificed over Rs 1 lakh crore annually through fuel excise cuts to cushion consumers from inflation, while defending recent petrol and diesel price hikes as market-driven revisions caused by surging global crude oil prices amid the West Asia conflict

Rupee appreciated 35 paise to 95.25 against US dollar extending gains for third session amid optimism over US-Iran peace talks, RBI assurances on forex stability, and easing crude prices. Equity markets surged while foreign investors continued selling equities net basis

Nirmala Sitharaman said the West Asia crisis could raise fuel and shipping costs for common people and businesses as petrol and diesel prices rose again. She added the government sacrificed Rs 1 lakh crore in revenue through excise duty cuts

Indian benchmark indices Sensex and Nifty rallied sharply in early trade on Monday as crude oil prices declined and global sentiment improved amid optimism surrounding US-Iran negotiations. Investors also tracked positive Asian market trends and easing concerns over inflation and import costs.

The rupee strengthened by 40 paise against the US dollar in early trade amid optimism over possible US-Iran peace talks and progress in India-US trade negotiations. Positive global cues, easing oil prices and strong equity markets also supported the domestic currency.