Business

Mumbai reports rising global oil prices amid a prolonged Strait of Hormuz blockade linked to stalled US-Iran talks. Supply disruptions pushed Brent and WTI futures higher, raising concerns over India’s import bill, despite stable domestic fuel supply and ongoing geopolitical tensions

Benchmark indices Sensex and Nifty fell sharply in early trade as Brent crude surged past $100 per barrel amid stalled US-Iran talks. Foreign fund outflows, weak Asian markets, and geopolitical tensions in West Asia further dampened investor sentiment.

The rupee weakened for the fourth straight session, breaching the 94 mark against the US dollar amid rising crude oil prices, foreign investor outflows, and geopolitical tensions in West Asia, with uncertainty over the Strait of Hormuz further pressuring markets.

While the Steve Jobs era was defined by groundbreaking innovation, Tim Cook’s leadership will be remembered for driving Apple’s exceptional financial growth

Tata Communications reported a steep 74.7 per cent fall in consolidated net profit to Rs 263.25 crore for Q4 FY26, despite a 9.4 per cent rise in revenue and stronger operating margins. EBITDA grew 14.4 per cent year-on-year, with margins expanding to 19.58 per cent.

Amazon revealed it blocked fake reviews and seized millions of counterfeit products in 2025. Using AI and legal action, the company is intensifying efforts against online fraud and expanding its Counterfeit Crimes Unit to India.

Tesla has launched the six-seater Model Y L electric SUV in India with a claimed range of 681 km. Bookings are open, deliveries begin in June 2026, and the vehicle offers premium comfort, advanced features and improved ride quality

Gold and silver prices rose up to 2% on MCX amid global uncertainty and extended US-Iran ceasefire. Gold crossed Rs 1.53 lakh/10g while silver neared Rs 2.50 lakh/kg, with analysts noting consolidation and potential breakout or correction levels ahead

In New York, Sanjay Malhotra said short-term FDI outflows and exchange fluctuations are cyclical and monitored. He highlighted reforms, strong fundamentals, low inflation, robust forex reserves, and India’s growth trajectory at a financial round-table discussion

Benchmark indices Sensex and Nifty declined in early trade after a three-day rally, dragged by IT stocks led by HCLTech. Foreign outflows and concerns over West Asia instability further weighed on sentiment, even as global markets showed mixed trends.

The rupee weakened for the third consecutive session, falling 31 paise to 93.75 against the US dollar, pressured by rising crude oil prices, foreign capital outflows, and uncertainty surrounding a potential West Asia peace agreement and escalating geopolitical tensions.

India and South Korea signed an MoU between MSME ministries to boost cooperation, trade, and innovation in the sector during President Lee Jae Myung’s visit. The pact aims to strengthen MSME linkages, investment, and digital economic collaboration

India and Bhutan reaffirmed customs cooperation to boost cross-border trade, border security, and digital customs systems. Talks covered anti-smuggling measures, cargo tracking, and infrastructure upgrades, with trade crossing dollar 1.9 billion in FY25, showing strong bilateral economic growth

Hyderabad-based Aurobindo says buyback will reward shareholders, boost returns, improve earnings per share, without changing control or affecting management structure

Apple has announced a leadership transition, with Tim Cook stepping down as CEO and John Ternus set to take over in 2026. The move marks a major shift as Apple prepares for its next phase of AI-driven growth.

India and Singapore are developing a roadmap for a digital maritime corridor and green shipping under an MoU framework, focusing on decarbonisation, infrastructure, and clean fuel logistics, announced during Singapore Maritime Week with participation from key officials

Lee Jae Myung concluded his India visit, calling ties with India “steadfast,” as PM Narendra Modi and President Droupadi Murmu highlighted expanded cooperation in trade, technology, defence and strategic sectors

Former envoy Sanjay Kumar Verma said revived India–Canada trade talks under an Early Progress Trade Agreement could evolve into a CEPA, stressing staged negotiations, stronger investment ties, and institutional safeguards to protect economic cooperation from political disruptions

Nitin Gadkari urged India to move toward 100% ethanol blending, citing energy security risks from West Asia and high oil imports, while promoting green hydrogen and biofuels as part of a self-reliant clean energy transition

India Semiconductor Mission is set for expansion as ISM 2.0 with an outlay of up to ₹1.2 lakh crore, aiming to boost chip design, fabrication, and supply chains, reducing import dependence and strengthening India’s semiconductor ecosystem

Lee Jae Myung concluded his India visit, praising ties with India and calling it a “steadfast partnership” with “endless possibilities,” while PM Narendra Modi and President Droupadi Murmu highlighted expanded cooperation across key sectors

Adani Power Limited formed a new step-down subsidiary, Rawatbhata-Raj Atomic Energy Ltd, via Adani Atomic Energy Limited, signalling expansion into nuclear energy alongside another unit, aligning with India’s long-term clean energy ambitions

India kept petrol and diesel prices unchanged despite rising global crude after tensions near the Strait of Hormuz, while countries like UAE and United States saw sharp hikes, with oil firms absorbing losses to shield consumers

Gold and silver prices fell on MCX and global markets amid geopolitical uncertainty over US–Iran tensions and US Federal Reserve policy outlook. Gold and Silver declined up to 1%, while crude oil also weakened on cautious investor sentiment