Business

IT and Industries Minister Duddilla Sridhar Babu inaugurated Heineken’s new Global Capability Centre in Hyderabad’s Financial District. The 76,000-square-foot facility will serve as a global hub for finance, technology and analytics, with plans to create around 1,600 jobs in the coming years

Experts say the fall of rial is likely to further fuel inflation, as rising dollar drives up cost of essential imports — from food and medicine to electronics and raw materials

Indian benchmark indices ended higher on Wednesday, although gains narrowed due to a sharp rise in global crude oil prices. Investors remained cautious amid geopolitical tensions, stalled US-Iran talks and volatility in energy markets, while select heavyweight stocks supported market sentiment

Gold and silver traded cautiously on the MCX ahead of the US Federal Reserve's interest rate decision. While both metals opened higher, they faced resistance at key levels. International markets remained mildly positive as investors weighed global macroeconomic uncertainties

Elon Musk testified against OpenAI and CEO Sam Altman, alleging a shift from nonprofit goals to profit-driven motives. The case could impact AI governance, philanthropy norms, and competition in the global artificial intelligence sector

The rupee weakened 13 paise to 94.81 against the US dollar in early trade, pressured by elevated crude oil prices and global uncertainty. Investor sentiment remained cautious ahead of the US Federal Reserve policy decision and continued foreign capital outflows.

Asian stocks mostly rose on Wednesday despite Wall Street losses, while oil slipped after UAE announced exit from OPEC. Investors tracked US-Iran tensions, Fed decision, and earnings. Regional indexes were mixed, with Hong Kong leading gains and Australia, Taiwan declining slightly

Benchmark indices Sensex and Nifty rebounded in early trade on Wednesday, supported by blue-chip buying and positive Asian cues. Domestic institutional investors provided stability, offsetting foreign outflows, while global market sentiment remained cautious amid ongoing risk aversion.

The Ministry of Textiles is considering reducing or eliminating customs duty on cotton imports, in consultation with agriculture and finance ministries, to ease rising costs for industry, alongside reviewing duties on key inputs and export incentive schemes for the sector

Gold prices in New Delhi fell ₹1,800 to ₹1.54 lakh per 10 grams while silver dropped ₹6,500, pressured by rising crude oil prices, a stronger US dollar, and expectations of prolonged higher interest rates impacting global bullion markets

Saudi Arabia remains an OPEC heavyweight despite waning influence, as rivalry with the UAE deepens over economic interests and regional politics, particularly in the Red Sea region

Anant Mukesh Ambani has urged Colombia to suspend plans to cull 80 invasive hippos, proposing their relocation to Vantara with full funding, scientific management, and lifelong care, pending required international approvals

Gold and silver prices fell up to 2% on the Multi Commodity Exchange amid US-Iran tensions and rising crude oil prices above $110. Weak global cues and profit booking pushed both metals lower despite strong long-term returns

India’s Oil India Limited and Indian Oil Corporation Limited, with partners, discovered oil and gas in Libya’s Ghadames Basin, boosting India’s global energy footprint and supporting efforts to strengthen energy security and reduce crude import dependence

First LNG shipment since the West Asia conflict appears to have crossed the Strait of Hormuz, signalling easing tensions. The tanker Mubaraz heads toward China, raising cautious optimism for global energy flows despite ongoing US-Iran geopolitical uncertainty 

Mumbai markets opened lower as Sensex and Nifty slipped amid rising oil prices and foreign outflows. Weak global cues, inflation concerns, and cautious sentiment weighed on investors, despite selective gains, while domestic support remained limited and volatility persisted through session 

India and the Russia-led Eurasian Economic Union will hold the next round of FTA talks in June in Moscow, focusing on non-trade issues, as India seeks to diversify exports and strengthen economic ties with member nations

China said its “all-weather” ties with Pakistan remain strong and steadily growing as President Asif Ali Zardari visits China. Both sides aim to deepen economic cooperation and strengthen their long-standing strategic partnership during diplomatic talks marking 75 years of ties

India and New Zealand signed a Free Trade Agreement boosting exports, investment, and skilled mobility. India gains 100% duty-free access to NZ, while New Zealand secures selective market entry. The pact strengthens Indo-Pacific trade ties and targets $20 billion investment inflows

Sun Pharma Chairman Dilip Shanghvi described the Organon acquisition as both exciting and worrying due to its size and debt burden, while expressing confidence in repayment and highlighting expansion into China and biosimilars as key strategic gains

Nippon Life India Asset Management reported a 29 per cent rise in Q4 profit to Rs 384.48 crore, driven by higher income and market share gains. The company also announced a final dividend, taking total FY26 payout to Rs 21.50 per share

UltraTech Cement reported a consolidated net profit of Rs 3,000.02 crore in Q4 FY26, driven by strong sales volumes and demand. The company also announced a special dividend and highlighted growth despite global challenges and cost pressures

India and New Zealand signed a landmark Free Trade Agreement (FTA), described as India’s first women-led negotiation deal. It grants 100% duty-free access for Indian exports, boosts investment, and expands opportunities for students, professionals, and key sectors

Mahindra Holidays reported a 43 per cent decline in Q4 FY26 profit to Rs 41.49 crore despite higher revenue, due to rising expenses and one-time impacts. Annual profit also fell, while international operations remained under pressure