Business

The Enforcement Directorate conducted searches at Vedanta Group premises in Delhi and Mumbai under FEMA over alleged brand fee payments to its parent company. The probe involves examining financial records for compliance, while Vedanta says it is fully cooperating with authorities

Indian equity markets opened lower as geopolitical tensions, elevated crude oil prices and weak monsoon concerns dampened investor sentiment. Sensex fell over 300 points and Nifty dropped 150 points, while IT stocks outperformed amid broad-based selling across key sectors

Indian Gen Z travellers are increasingly choosing multiple short vacations over long annual holidays, according to an Airbnb report. The study found strong growth in short domestic getaways, with travel becoming an important form of self-expression and spontaneous decision-making

The Reserve Bank of India has launched two annual surveys for 2025-26 covering mutual funds' foreign liabilities and assets, and computer software and ITeS exports. The findings will help compile India's external sector statistics and assess overseas economic activity

Sebi has cancelled the registration of five alternative investment funds for repeatedly failing to submit mandatory quarterly activity reports. The regulator said the entities ignored reporting requirements despite regulations mandating periodic disclosures by all registered AIFs

Instead of chasing cutting-edge chip manufacturing, the country should shift gears and focus on advanced packaging, system integration, talent development and become an ecosystem player

The rupee weakened by 10 paise to close at 94.95 against the US dollar amid rising crude oil prices, geopolitical tensions, and a stronger dollar index. Market sentiment was also impacted by foreign investor outflows and focus on the upcoming RBI policy meeting

Several financial changes have come into effect from June 1, including new UPI security measures, revised ATM withdrawal rules, tax-related deadlines and higher commercial LPG prices. Consumers and businesses are also tracking EPFO developments and the RBI's upcoming policy review.

The rupee weakened by 9 paise to 94.94 against the US dollar in early trade as rising crude oil prices and safe-haven demand for the greenback weighed on sentiment. Escalating Middle East tensions and declining forex reserves also influenced market movements.

India's digital payments ecosystem continued its strong growth trajectory in May, with UPI transaction volumes rising 24 per cent year-on-year to 23.2 billion. Transaction value touched Rs 29.9 lakh crore, while UPI expanded its presence across multiple international markets.

Indian equity markets opened June on a strong note, with Sensex and Nifty rising nearly 1% led by IT gains, despite high oil prices and geopolitical tensions. Global cues were positive as Asian markets rallied and crude oil prices surged

India and Oman’s Comprehensive Economic Partnership Agreement (CEPA), signed in December 2025, comes into effect today, June 1, 2026. The deal expands opportunities in services and professional mobility, strengthening bilateral trade and economic ties.

India and the United States will begin four-day negotiations from June 1 to finalise an interim trade agreement under the broader bilateral trade framework. Talks will focus on market access, tariffs, investment rules, and economic security alignment

India and Oman will implement their Comprehensive Economic Partnership Agreement from June 1, granting wider market access and boosting trade, services, and investments. The pact is expected to strengthen India's presence in the Gulf region while benefiting key export sectors

Indian and Canadian officials expressed confidence that negotiations on the proposed Comprehensive Economic Partnership Agreement could conclude this year. Discussions at a Regina summit highlighted renewed bilateral engagement, trade expansion goals, and efforts to reset ties after diplomatic tensions stalled talks

The combined market valuation of seven of India's 10 most-valued companies fell by Rs 1.54 trillion during the holiday-shortened week. HDFC Bank, Bharti Airtel and TCS led the declines, while Larsen & Toubro, SBI and LIC posted gains.

Gautam Adani told shareholders the group has moved past US legal challenges, raising ₹1.5 lakh crore investments in energy, logistics, and digital infrastructure. Adani stressed AI-driven demand will require massive power and data capacity, highlighting expansion in renewables, ports, airports, and data centres

NLC India and Reliance Industries will jointly explore underground lignite gasification in Gujarat to boost domestic fuel supply. The project aims to produce synthesis gas, reduce LNG imports, and support India’s coal gasification plan under a Rs 37,500 crore government scheme 

India halved windfall tax on petrol exports to ₹1.5/litre, cut diesel levy to ₹13.5/litre and ATF to ₹9.5/litre from June 1. Domestic duty unchanged; measures aim to ensure fuel availability amid crude above $100 and West Asia conflict

SBI Research expects RBI to hold repo rate in June, using short-term tools to manage rupee pressure. FY26 GDP growth seen at 7.5%, FY27 at 6.6%. Inflation risks persist, crude may stay above $90, urging excise duty cuts 

Many of Telangana’s 1,080 zero-population villages may not be abandoned at all. Duplication, GPS errors and conflicting entries expose flaws in Mission Antyodaya data, raising serious questions about the reliability of Union government’s rural development database

India imports more than 700 tonnes of gold annually as demand for jewellery, investment and cultural purposes continues to exceed domestic production. The article explains the role of prices, imports, exchange programmes and changing consumer behaviour in shaping the gold market

AIMTC has urged Prime Minister Narendra Modi to reduce diesel prices following a sharp decline in international crude oil rates. The transport body said high diesel prices are increasing operating costs, fuelling inflation and putting financial pressure on transport operators

Global crude oil prices fell to six-week lows after reports of a possible extension of the Iran-US ceasefire and prospects of reopening the Strait of Hormuz. India said refineries have adequate crude stocks and fuel supplies remain stable despite regional uncertainties