Business

Indian-origin entrepreneurs lead immigrant founders of US unicorns, having created or co-created 96 billion-dollar startups, according to an NFAP study. Immigrants founded 59% of American unicorns, with companies such as Perplexity AI, OpenAI, SpaceX, and Anthropic driving innovation and jobs

The government has abolished long-term capital gains tax on foreign investors’ holdings in government securities to attract dollar inflows, support the rupee, and boost debt market participation amid record foreign equity outflows, rising geopolitical tensions, and pressure on India's forex reserves

The RBI kept the repo rate unchanged at 5.25% for a second consecutive policy review, citing risks from rising crude oil prices, West Asia conflict-related supply disruptions, rupee depreciation, and potential inflation pressures despite retail inflation remaining close to its 4% target

Rajesh Exports, selected under the Union Government’s Rs 18,100-crore PLI scheme, signed a high-profile MoU with the Telangana government in 2022 for a Rs 24,000-crore AMOLED display unit. The company’s repeated delays and failure to execute projects have now come under scrutiny following SEBI restrictions.

Maruti Suzuki India Limited launched India's first flex-fuel car, the Maruti Suzuki Wagon R Flex Fuel, capable of running on ethanol-petrol blends from E20 to E100. The launch supports energy security, lower oil imports, reduced emissions, and enhanced opportunities for farmers

The rupee weakened by 7 paise to close at 95.83 against the US dollar amid US-Iran tensions, elevated crude oil prices and safe-haven demand. Investors are closely watching the RBI's monetary policy decision, with inflation, growth and currency stability in focus

Commerce Minister Piyush Goyal said India will implement at least two to three free trade agreements within six months and several more in 2027. He highlighted progress on nine FTAs and credited energy diversification for ensuring stable supplies during the West Asia crisis

Prime Minister Narendra Modi held talks with Venezuela’s Acting President/Vice President Delcy Rodriguez in New Delhi, focusing on energy, trade and investment cooperation. The visit comes as India increases Venezuelan crude imports to diversify supplies amid disruptions linked to the West Asia crisis

Maruti Suzuki has launched India’s first flex-fuel passenger car, the WagonR, capable of running on ethanol blends up to 100%. The move supports India’s clean mobility push, with government backing to reduce emissions and promote alternative fuels like biofuels and hydrogen

Gold and silver prices rose in MCX trade, supported by a weaker dollar and geopolitical tensions in West Asia amid US–Iran developments. Gold touched ₹1,59,500 per 10 grams, while silver saw volatile movement amid shifting investor sentiment and crude oil declines

Indian Grandmaster R Praggnanandhaa defeated World No. 1 Magnus Carlsen for the second time at Norway Chess 2026. Praised by Pranav Adani, Praggnanandhaa's achievement highlights his growing stature and the rising strength of Indian chess globally

The rupee traded in a narrow range against the US dollar on Thursday as persistent foreign fund outflows, concerns over the West Asia crisis and elevated crude oil prices weighed on sentiment. Investors are also awaiting the RBI's monetary policy decision.

More than 700 employees of Pune-based IT firm ThynkTech India lost their jobs after the company allegedly shut down abruptly. Police arrested CEO Harshal Thakre over alleged financial irregularities, while employees reported unpaid salaries, bounced cheques, and unreturned security deposits

Benchmark indices Sensex and Nifty opened lower on Thursday amid continued geopolitical uncertainty in West Asia and sustained foreign fund outflows. Weak global market cues and concerns over energy prices further weighed on investor sentiment, keeping markets under pressure.

The RBI has issued a compounding order against Jusda India Supply Chain Management Private Limited under FEMA after receiving a no-objection from the ED. The company paid Rs 12,52,984, leading to the termination of adjudication proceedings and further litigation

BSE has warned investors against engaging with an unregistered entity offering investment recommendations and soliciting funds through X and Telegram. The exchange advised investors to verify registrations, avoid assured-return schemes and refrain from sharing trading credentials with unauthorised persons

The rupee weakened 10 paise to close at 95.29 against the US dollar due to rising crude oil prices, strong dollar demand and foreign fund outflows. Market participants await the RBI policy outcome, with the currency expected to remain range-bound

Adani group companies reported record capital expenditure of Rs 1.53 lakh crore and all-time high EBITDA of Rs 94,834 crore in FY26. The group expanded investments across energy, utilities, transport and logistics while maintaining leverage below its stated target

Gold futures rose nearly 1 per cent to Rs 1.60 lakh per 10 grams on the Multi Commodity Exchange amid renewed geopolitical tensions involving the US and Iran. Investors are also awaiting RBI policy decisions and key US labour market data

Crisil has warned that rising petrol and diesel prices could increase inflationary pressures by raising transport, logistics and manufacturing costs. Higher fuel prices are expected to impact food and core inflation, though GST cuts may partially offset the effect on consumer prices

India’s electric vehicle market saw strong growth in May as rising fuel prices encouraged consumers to switch to EVs. Electric car and two-wheeler sales gained market share, with manufacturers benefiting from increased demand, supportive policies, and growing consumer acceptance

India and the US have resumed negotiations on a Bilateral Trade Agreement aimed at finalising the first phase covering market access, tariffs and investment rules. Most issues are reportedly settled, with both sides working to resolve remaining technical and legal matters 

The Enforcement Directorate conducted searches at Vedanta Group premises in Delhi and Mumbai under FEMA over alleged brand fee payments to its parent company. The probe involves examining financial records for compliance, while Vedanta says it is fully cooperating with authorities

Indian equity markets opened lower as geopolitical tensions, elevated crude oil prices and weak monsoon concerns dampened investor sentiment. Sensex fell over 300 points and Nifty dropped 150 points, while IT stocks outperformed amid broad-based selling across key sectors