Business

India and Cyprus elevated bilateral ties to a strategic partnership during talks between Prime Minister Narendra Modi and Cyprus President Nikos Christodoulides. Both nations launched a joint task force for infrastructure and shipping cooperation while discussing Ukraine, West Asia conflicts and global institutional reforms

The rupee strengthened by 18 paise against the US dollar in early trade on Friday, aided by softer crude oil prices, hopes of easing geopolitical tensions and RBI intervention measures. Markets also reacted positively to signals of constructive diplomatic talks involving Iran.

Tata Electronics signing an MoU with Dutch semiconductor giant ASML for its plant in Dholera marks a major milestone in India’s semiconductor manufacturing ambitions

Retailers in Telangana have raised alarm over the rising circulation of counterfeit products and unfair trade practices, including predatory pricing and deep discounting by e‑commerce platforms.

Indian equity benchmarks opened higher on Thursday, with Sensex and Nifty gaining in early trade amid easing crude oil prices and positive global cues. Investor sentiment improved on hopes of a possible de-escalation in West Asia and stronger global market trends.

The rupee recovered 41 paise from its all-time closing low to 96.45 against the US dollar after reports of easing US-Iran tensions. However, forex markets remain under pressure amid volatile crude prices, geopolitical risks, and sustained dollar demand in global trade.

Gold and silver prices fell over 1 per cent on Wednesday amid concerns over higher US interest rates and global geopolitical tensions. Domestic MCX trading reflected sharp intraday volatility, while international prices also weakened on inflation fears and policy uncertainty.

Adani Green Energy subsidiary, AHE11L, will develop the 2,250 MW Gandikota-2 Pumped Storage Project in Andhra Pradesh. Approved by the state government, this major clean energy initiative aims to boost power infrastructure and renewable energy storage capabilities within 72 months.

Benchmark Indian equity indices fell sharply in early trade on Wednesday amid weak global cues, rising crude oil prices and renewed geopolitical tensions over Iran. Investor sentiment remained fragile as foreign outflows and concerns over global energy supply weighed on markets.

The Indian rupee fell to a fresh all-time low of 96.90 against the US dollar in early trade on Wednesday, pressured by a strong dollar, rising crude oil prices, foreign investor outflows and weakness in domestic equity markets amid global uncertainty.

Samsung Electronics workers announced an 18-day strike after wage negotiations with management collapsed in South Korea. The dispute threatens global semiconductor supplies amid booming AI-driven chip demand. The government warned of major economic losses, while courts imposed restrictions to maintain critical semiconductor operations

UPI accounted for 85.5 per cent of India’s digital payment transaction volume in H2 2025, according to the RBI. While RTGS dominated transaction value, India’s digital payments ecosystem recorded massive growth over the last decade, driven by smartphones and cashless infrastructure

Crude oil prices climbed sharply on Tuesday amid persistent West Asia tensions disrupting global energy supplies. On MCX, June crude futures touched a record Rs 10,044 per barrel before easing slightly. Rising global benchmarks and fresh investor buying supported the continued upward momentum in oil markets

The CDSCO has warned that cosmetic products are strictly prohibited from being used as injections, stating such practices violate the Drugs and Cosmetics Act. The regulator clarified that cosmetics are only meant for topical application, not for therapeutic treatments.

Indian stock market benchmark indices, Sensex and Nifty, rallied in early trade following Donald Trump's announcement delaying military strikes on Iran. Frontline IT stocks, foreign fund inflows, and a surge in Adani group shares—following dropped US legal charges—further boosted investor sentiment.

Indian state-run oil marketing companies raised petrol and diesel prices for the second time in less than a week due to surging global crude costs driven by the US-Iran conflict. The hikes push fuel prices to their highest levels since May 2022

The Trump-Xi summit highlighted China’s growing assertiveness and America’s strategic uncertainty

OpenAI CEO Sam Altman said over one billion images have been created in India using ChatGPT Images 2.0 within a month of launch, highlighting the growing role of AI-generated visuals in creator culture, fashion, fandoms, and digital identity

Silver prices fell to Rs 2.70 lakh per kg on MCX as rising crude oil prices, inflation concerns and a stronger US dollar weighed on sentiment. Global geopolitical tensions and tighter monetary policy expectations also added pressure on precious metals

JSW Energy has sold 2.5 crore shares in JSW Steel for Rs 3,150 crore through a bulk deal on the NSE. The company said the move is part of a strategic liquidity release aimed at strengthening capital allocation and growth plans

United Breweries Ltd has announced the closure of its Ludhiana brewery unit in Punjab from June 30, following a long-term capacity lease agreement with a contract brewer. The company said beer supply in Punjab and neighbouring states will remain unaffected

Maruti Suzuki India has started commercial production at the second plant of its Kharkhoda facility in Haryana, boosting capacity. The expansion increases total annual production to 26.5 lakh units across India as the company strengthens manufacturing and export capabilities

India’s hospitality sector recorded hotel investments worth about $567 million across 28 transactions in 2025, according to JLL. Tier II and III cities emerged as key growth drivers, while luxury and upscale hotels continued to dominate investment activity nationwide

Gold and silver prices remained volatile on Monday as rising tensions in West Asia, stronger US Treasury yields and persistent inflation concerns impacted global markets. While gold edged higher on MCX, silver stayed under pressure amid weaker investment demand and global uncertainty