Business

The rupee depreciated by 32 paise to 95.57 against the US dollar in early trade on Thursday as rising crude oil prices, continued US-Iran hostilities, foreign fund outflows and weak domestic equities weighed on investor sentiment and the domestic currency.

Opendoor is winding down its India operations and relocating remaining roles to the United States, affecting nearly 250 employees. CEO Kaz Nejatian said the move aligns operations closer to customers as the company streamlines workflows and expands AI-driven teams

SEBI has proposed easing executive remuneration disclosure norms for asset management companies by replacing individual salary disclosures with consolidated figures. The regulator said the move balances transparency with privacy concerns while aligning disclosure requirements with industry practices and investor needs

The rupee depreciated by 15 paise against the US dollar in early trade as escalating tensions in West Asia drove crude oil prices higher. Traders said geopolitical uncertainty and rising energy costs continued to exert pressure on the Indian currency.

Network disruptions and elevated latency have affected Google Cloud users in Delhi, Mumbai, Chennai, and nearby regions after a fire at a third-party data centre in Delhi. Google rerouted traffic to maintain services, but customers may continue experiencing latency spikes and suboptimal routing

Indian equity markets opened higher with the BSE Sensex and Nifty 50 gaining on buying in blue-chip stocks like Reliance Industries and ICICI Bank, supported by easing crude oil prices and mixed global market cues

Starlink said discussions with the Indian government remain active and positive as it awaits final approval to launch satellite internet services. The company reaffirmed its commitment to India, highlighting its potential to improve connectivity in remote and underserved regions

RIL and Meta and will develop a 168-megawatt AI-focused data centre in Jamnagar, powered by renewable energy. The project strengthens India’s position as a global AI infrastructure hub and supports Meta’s growing computing and data requirements

India’s exports have touched a record USD 863 billion in FY 2025-26, up from USD 468 billion in FY 2014-15, growing at a CAGR of 5.7 percent. Commerce ministry official Nitin Kumar Yadav highlighted strong growth in merchandise, services, and non-petroleum exports, backed by landmark trade agreements with EFTA, EU, UAE, and Mauritius.

The rupee appreciated 25 paise to close at 95.36 against the US dollar on Tuesday, supported by lower crude oil prices, a weaker dollar index, positive domestic equities and easing geopolitical tensions in West Asia, helping the currency recover from recent losses

Chairman N Chandrasekaran says TCS has no plans for layoffs, stressing that AI will create new opportunities even as it transforms the way work is done

Gold futures climbed marginally to nearly Rs 1.55 lakh per 10 grams on Tuesday, supported by a decline in crude oil prices. However, concerns over persistent inflation, potential interest rate hikes and mixed global signals kept gains limited in the bullion market

Zepto co-founders Aadit Palicha and Kaivalya Vohra were summoned by the Enforcement Directorate under FEMA in April 2026 over foreign investments and financial disclosures. The company complied with requests as it prepares for its ₹8,010 crore IPO filing with SEBI

Indian markets rose sharply as easing Iran-Israel tensions and lower crude oil prices boosted sentiment. Sensex and Nifty gained over 0.5%, led by financials and midcaps, while global cues from Asia and Wall Street remained positive despite ongoing geopolitical uncertainty

India and the US are close to finalising the first tranche of a bilateral trade agreement by July, Commerce Minister Piyush Goyal said. The deal aims to boost market access, strengthen economic ties, and expand cooperation between both nations

The DGCA is investigating damage to three parked Air India aircraft at Delhi’s Indira Gandhi International Airport after ground support equipment struck them during sudden strong winds and rain. All affected A320 planes have been grounded for inspection and repairs

Adani Ports and Special Economic Zone Ltd secured a 10-year marine services contract for Argentina’s first LNG export project, marking its entry into South America. The deal supports LNG logistics, offshore operations, and strengthens India-Argentina energy trade cooperation and supply chains

Indian stock markets opened sharply lower as escalating West Asia tensions, rising crude oil prices and weak global cues triggered broad-based selling. Sensex and Nifty fell over 1 per cent, while volatility surged and realty, metal, auto and IT stocks led declines

RBI's policy direction is unambiguous to attract dollars rather than tighten liquidity conditions through rates

Foreign portfolio investors withdrew nearly ₹43,000 crore from Indian equities in early June, pushing total outflows in 2026 to ₹2.67 lakh crore. Experts cite rupee depreciation, weak earnings and global capital shift toward AI and technology stocks as key reasons

OpenAI is reportedly planning a major overhaul of ChatGPT to evolve it into a super app integrating coding tools, AI agents and partner services. The move targets enterprise growth and increased revenue as the company prepares for a potential IPO

Indian equity markets fell wiping Rs 1.25 lakh crore from top-10 firms Reliance Industries led losses amid FII selling weak sentiment and monsoon concerns Banks like HDFC Bank ICICI Bank and SBI gained despite broader market decline and volatility pressure

Gold prices declined during the week after stronger-than-expected US jobs data boosted expectations of higher interest rates for longer. Silver witnessed steeper losses as rising Treasury yields and a stronger dollar reduced the appeal of precious metals and raised demand concerns

India's GDP growth is expected to slow to 6.6 per cent in FY27 from 7.7 per cent in fiscal 2026, according to Crisil Ratings. Higher crude oil prices, below-normal monsoon rainfall, rising inflation and weaker global demand are expected to impact growth