Business

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

Reserve Bank of India Governor Sanjay Malhotra warns West Asia conflict may entrench inflation via supply shocks, prompting a wait-and-watch stance on interest rates. He highlights trade exposure, forex resilience, rupee flexibility, and ongoing digital initiatives like UPI and Unified Lending Interface platform

In a world where narrative, design, and creativity shape global influence as much as steel and silicon, investing in orange economy is not indulgence but strategy

Rankings will eventually take care of themselves if incomes rise, opportunities expand, and inequality narrows; otherwise, even a higher place on the global table will mean nothing

The rupee fell 25 paise to 93.16 against the United States dollar amid West Asia tensions and rising crude concerns. Disruptions near the Strait of Hormuz increased dollar demand, keeping the local currency under pressure despite earlier gains

India and the United States began fresh trade talks in Washington to finalise an interim bilateral deal amid shifting tariff policies. Both sides aim to resolve disputes on tariffs, market access and investigations, with negotiations seen as key to broader economic ties

Securities and Exchange Board of India slashed minimum investment in social impact funds to Rs 1,000 from Rs 2 lakh, aiming to boost retail participation in Social Stock Exchanges. The move seeks to democratise impact investing and improve funding access for nonprofits

Xi Jinping called for keeping the Strait of Hormuz open for global shipping, stressing it as an international waterway amid Iran–US tensions, energy concerns, and rising regional conflict affecting trade and navigation security

POSCO and JSW Steel signed a $7.3 billion joint venture to build a 6-million-ton steel plant in Odisha, strengthening industrial cooperation and global supply chains between South Korea and India

Samsung Executive Chairman Lee Jae-yong took a selfie with Narendra Modi and South Korean President Lee Jae Myung during a Noida luncheon, highlighting India–Korea industrial ties, Samsung’s manufacturing base, and growing business cooperation

Indian equity markets ended flat on Tuesday as rising tensions in West Asia and concerns over the US-Iran situation weighed on investor sentiment, offsetting early gains. Analysts said global developments continue to influence short-term market direction despite supportive domestic fundamentals