Business

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

Recent measures by the RBI and the government to attract foreign capital and support the rupee could improve India’s balance of payments by more than $30 billion in the short term, according to HSBC, while also helping narrow the current account deficit.

Indian equity benchmarks ended the week in negative territory, with the Sensex and Nifty declining amid geopolitical tensions, profit booking and concerns over growth forecasts. Analysts expect range-bound trading to continue as investors await clarity on inflation, growth and global developments.

Chief Justice of India Surya Kant said the India-UK Free Trade Agreement marks a historic milestone, urging both nations to jointly strengthen arbitration and mediation systems. He stressed accessible, efficient dispute resolution mechanisms to boost investor confidence, trade growth, and deeper economic cooperation

Finance Minister Nirmala Sitharaman said the government will continue economic reforms through the “Reform Express” to sustain growth amid global headwinds. The RBI lowered FY27 GDP forecast to 6.6%, while new tax exemptions aim to attract foreign capital

Russian President Vladimir Putin offered India joint production of the Su-57 fifth-generation stealth fighter and renewed defence cooperation proposals. India is considering options alongside its AMCA programme, while long-standing India–Russia defence ties remain a key strategic pillar

The rupee strengthened sharply against the US dollar after the RBI kept the repo rate unchanged at 5.25 per cent and eased investment norms for FPIs. Improved capital flow measures and stable policy stance boosted investor sentiment and currency performance.

Maruti Suzuki India announced two biogas projects involving an investment of Rs 150 crore, including a new facility at Kharkhoda and expansion of its Manesar plant. The initiatives aim to reduce fossil fuel use, lower emissions and support renewable energy adoption

BHEL shares rose nearly 3 per cent after the state-run engineering company secured an EPC contract worth over Rs 21,000 crore for the Meja Stage-II thermal power project in Uttar Pradesh. The order adds to its strong order book and recent international wins

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