Business

Benchmark indices Sensex and Nifty opened higher on Wednesday, extending gains for the fourth consecutive session. Falling crude oil prices and strong buying in IT stocks supported investor sentiment, while global market cues remained mixed amid developments surrounding US-Iran relations.

Pavel Durov said India’s temporary suspension of Telegram ahead of the NEET-UG 2026 re-examination affected over 150 million users. Authorities imposed restrictions to curb question paper leak-related malpractice, while Telegram removed channels linked to scams and leaked content

The rupee strengthened 31 paise to 94.29 against the US dollar in early trade, supported by easing crude oil prices and a retreating dollar index. Markets also reacted positively to expectations of the reopening of the Strait of Hormuz.

Nykaa has partnered with OpenAI to integrate its beauty and fashion platforms into ChatGPT, enabling AI-powered product recommendations and shopping assistance. The collaboration will also deploy OpenAI technologies across Nykaa’s operations to improve productivity, innovation and customer engagement

Commerce Minister Piyush Goyal urged investors, corporates and venture capital funds to increase investments in India, citing a strong startup ecosystem and supportive policies. Speaking in France, he also promoted deep-tech innovation, manufacturing partnerships and the return of Indian talent

Global crude oil and LNG prices are expected to moderate as US-Iran peace prospects improve and shipping through the Strait of Hormuz potentially resumes. Analysts, however, warn that supply disruptions and infrastructure damage may keep energy markets volatile for months

A PRF report says the India-EU free trade agreement could significantly boost trade, expand market access, and deepen economic ties. It highlights tariff reductions on 90% of goods, potential export growth for India, and stronger EU engagement in key sectors

India’s total exports of goods and services rose nearly 85 per cent in 12 years to $863 billion in 2025-26, driven by strong services growth, IT and GCC expansion. Merchandise exports also showed robust growth, reflecting sustained trade momentum

Indian equity markets closed higher as Sensex and Nifty extended gains, supported by improved global sentiment after a US-Iran deal. Selective buying in large-cap and sectoral stocks lifted indices, with realty and media leading gains while metals underperformed

India is expected to surpass 1.1 billion 5G subscriptions by 2031, achieving 81 per cent penetration, according to Ericsson. Affordable devices, wider network coverage and growing FWA services are driving adoption, while 4G subscriptions are projected to decline sharply

TCS will make an additional $70 million provision after the US Supreme Court declined to review its appeal in a trade secrets dispute with DCX Technologies. The expense adds to an earlier $150 million provision related to the litigation

Indian equity markets opened higher as easing tensions between the US and Iran boosted investor sentiment. Lower crude oil prices, a stronger rupee, and gains in IT, realty and financial stocks supported markets, though metal shares remained under pressure

Gold prices rose by Rs 2,500 to Rs 1.59 lakh per 10 grams in Delhi, while silver climbed Rs 5,000 per kg. Analysts attributed the rally to strong global trends following reports of a US-Iran agreement that boosted bullion demand

Andhra Pradesh Chief Minister N. Chandrababu Naidu met Singapore Prime Minister Lawrence Wong, seeking cooperation in semiconductors, AI, quantum technologies, urban governance and research. The leaders also discussed Amaravati’s development, green energy, natural farming, healthcare and infrastructure partnerships

Shares of oil marketing companies, aviation firms and paint manufacturers rose on Monday after Brent crude prices fell sharply. Investors welcomed easing pressure on energy markets, while expectations of smoother oil supplies supported gains across crude-sensitive sectors

Adani Group and Jabil have announced plans to form a strategic alliance to build an AI and data centre infrastructure manufacturing platform in India. The collaboration aims to produce AI-ready hardware and support India's emergence as a global digital infrastructure hub

India and the US will intensify negotiations on a proposed interim trade agreement during a USTR visit to New Delhi on June 23–24. Talks aim to finalise the first tranche of the deal and advance broader bilateral trade agreement discussions

SEBI is expected to approve a series of reforms at its June 19 board meeting, including the revival of exchange-based share buybacks, faster AIF approvals, easier rules for bond platforms and relaxed liquidity norms for mutual funds to improve market efficiency.

Finance Minister Nirmala Sitharaman said the government will introduce additional measures to attract foreign capital, noting bond market reforms are only the beginning. She highlighted RBI steps, global uncertainties, and India’s need to strengthen foreign exchange reserves amid rising external risks

Indian benchmark indices ended nearly 1 per cent higher on Monday as a US-Iran peace agreement boosted investor sentiment and risk appetite. Realty, auto and consumer durable stocks led gains, while easing concerns over crude oil prices supported market optimism.

Gold and silver prices rose sharply on Monday, gaining up to 3 per cent as a weaker US dollar and expectations of supportive Federal Reserve policy boosted investor sentiment. The rally came despite easing geopolitical tensions following the US-Iran peace agreement announcement.

Kotak Mahindra Asset Management Company has launched its first Specialised Investment Fund, the Infinity Hybrid Long-Short Fund, under SEBI's new SIF framework. The strategy seeks to balance market participation and risk management through a mix of equity, arbitrage and derivative exposures.

The rupee appreciated 58 paise against the US dollar in early trade as crude oil prices declined sharply following a US-Iran peace agreement. A weaker dollar and strong domestic equities further supported the currency, while analysts projected continued appreciation in the near term.

Indian benchmark indices surged in early trade as easing geopolitical tensions and falling crude oil prices boosted investor sentiment. The Sensex gained over 1,100 points while the Nifty jumped more than 335 points after the US-Iran peace agreement improved global market outlook