Business

Gold futures declined nearly 1 per cent to Rs 1.50 lakh per 10 grams on MCX, pressured by a strong US dollar and rising crude oil prices. Analysts said inflation concerns and hawkish central bank signals continued to weigh on bullion sentiment

State-owned BHEL reported a two-fold rise in consolidated net profit for the March quarter at Rs 1,290.47 crore, driven by higher revenues. The company also posted strong FY26 earnings growth and announced a final dividend of Rs 1.40 per share

Godrej Properties reported a 70 per cent rise in consolidated net profit for the March quarter and a 32 per cent increase in FY26 earnings, supported by strong housing demand, record sales bookings, higher cash flows and an expanding residential project pipeline

India will launch its first AI-powered orbital data centre satellite through Pixxel and Sarvam AI collaboration. The Pathfinder satellite will run AI models and hyperspectral imaging in orbit, enabling real-time data processing and advancing space-based computing capabilities

Benchmark indices Sensex and Nifty surged in early trade on Monday, driven by easing crude oil prices and positive global cues. Gains were led by Maruti and other blue-chip stocks, while investors tracked geopolitical developments and state election outcomes.

The rupee weakened by 11 paise to 94.95 against the US dollar in early trade amid Middle East tensions, high crude oil prices and foreign fund outflows. Markets remain volatile as geopolitical uncertainty and domestic factors weigh on investor sentiment.

Mumbai markets opened strong Monday as BSE Sensex and NSE Nifty surged on easing oil prices and positive global cues. Maruti Suzuki led gains after record April sales, while investors tracked crude trends and global developments

The approach to treat ULBs as a homogenous group, with a one-size-fits-all model, risks limiting autonomy and widening inequalities among Indian cities

An India-linked LPG tanker Sarv Shakti safely crossed the Strait of Hormuz amid regional tensions, en route to India with 45,000 tonnes of fuel. The rare transit signals limited reopening of a key global energy route under geopolitical disruption

OPEC+ agreed to raise June output by 188,000 barrels daily amid West Asia tensions and Strait of Hormuz blockade. United Arab Emirates exit weakens the group, while disrupted exports and diplomacy moves caused volatile global oil prices

The Finance Ministry has notified 100 per cent foreign direct investment (FDI) in the insurance sector under the automatic route, allowing overseas investors full ownership in insurance companies and intermediaries such as brokers. However, the cap for Life Insurance Corporation (LIC) remains at 20 per cent.

Dindayal Gupta, founder and chairman emeritus of Dollar Industries Limited, passed away in Kolkata at the age of 88 due to age-related ailments. Born in Haryana’s Bhiwani district, Gupta moved to Kolkata in 1962 and built Dollar Industries from scratch, with revenues crossing Rs 1,700 crore.

Jain is currently Executive Director at the Reserve Bank of India. He replaces T Rabi Sankar, whose extended tenure ended on May 2

Aviation fuel prices for international airlines rose about 5 percentage to dollar 1,511.86 per kl, while domestic carriers were shielded from hikes as authorities adopted a calibrated approach amid global energy volatility linked to geopolitical tensions and rising crude oil prices

Adani Group Chairman Gautam Adani said the conglomerate will add Rs 2 lakh crore in new assets this year amid rapid business growth. Addressing employees on Labour Day, he highlighted major infrastructure, airport, energy and redevelopment projects contributing to India’s development journey

UAE’s exit signals a gradual shift in global oil governance—from tightly coordinated production regimes to more flexible, nationally driven strategies

Government sources indicated petrol and diesel price hikes may be imminent as global crude surges and losses mount for oil firms, despite a four-year retail price freeze, with rising tensions in West Asia and restricted Strait of Hormuz supply driving costs higher

Noida International Airport will begin commercial operations from June 15, boosting connectivity in North India, easing congestion in the NCR, with IndiGo set to operate the first flight followed by other carriers

India-Tanzania trade rose to $9.02 billion in 2025-26, with both sides reaffirming commitment to deepen economic ties during the Joint Trade Committee meet, focusing on local currency trade, visas, mining, healthcare, education and digital cooperation

Piyush Goyal said the India-UAE Comprehensive Economic Partnership Agreement has boosted bilateral trade beyond $100 billion, driving growth across sectors, enhancing services trade, and creating opportunities for Indian businesses, MSMEs and farmers

India and the UK discussed enhancing trade and investment ties during a virtual meeting between Piyush Goyal and Peter Kyle, focusing on maximising gains from the India-UK Comprehensive Economic and Trade Agreement

Congress on Friday slammed the BJP government over the steep Rs 993 hike in commercial LPG prices, alleging insensitivity to common citizens and small businesses, and criticised the Centre for failing to cushion global energy shock triggered by the West Asia conflict

Indian equity benchmarks ended the week lower as foreign investor outflows and surging crude oil prices dampened sentiment. While broader markets showed resilience, analysts expect indices to remain range-bound amid global uncertainties, inflation concerns, and ongoing earnings season volatility.

India’s digital payments ecosystem grew 25 per cent year-on-year in April, with transactions reaching 22.35 billion. UPI continues to dominate, expanding globally and recording exponential growth, reinforcing India’s position as a leader in digital public infrastructure and fintech innovation.