Business

Dayanidhi Maran files a legal notice against kalanithi maran over alleged fraudulent practices and financial irregularities, Demanding shareholding restoration and prompt regulatory probe

Sensex and Nifty bounced back in early trade on Friday following a three-day decline, supported by gains in Asian markets and strong FII inflows. Analysts expect range-bound movement unless the Middle East conflict escalates or crude oil prices surge.

The rupee rose 13 paise to 86.60 against the US dollar on Friday, supported by weaker crude oil prices and a softer dollar. Market experts expect further movement based on geopolitical developments and foreign investor activity in Indian equities.

Air India cancelled eight flights, including four international services, on Friday due to enhanced maintenance and operational reasons. The airline is providing full refunds or free rescheduling, and alternative arrangements are being made for affected passengers

During his UK visit, Union Minister Piyush Goyal highlighted India's advancements in digital infrastructure, innovation, and emerging technologies. He emphasized strengthening India-UK trade ties through the FTA and explored collaboration in fintech, sustainable finance, and SME-led growth with key UK leaders.

After a major service disruption in September 2024, ICICI Bank, Axis Bank, and Mastercard are exploring alternatives to DreamFolks Services for airport lounge access. With growing dissatisfaction, banks may increasingly shift to direct partnerships with lounge operators

In a bank-driven economy, aspirational growth cannot be achieved without adequate credit flow to all productive sectors

RBI’s updated gold loan regulations are set to transform lending practices, with S&P Global Ratings noting that agile lenders stand to benefit. Key changes include stricter LTV calculations and mandatory cash flow-based appraisals, posing operational and compliance challenges for NBFCs

The programme, Walmart Vriddhi, has partnered with Ideas to Impact Foundation (i2i), which will enable more MSMEs to expand their access to both national and international markets

The move comes amid a slight decline in gold imports during April–May, which totaled USD 5.64 billion. Colloidal precious metals are suspensions of gold or silver nanoparticles dispersed in a liquid

Chandrasekaran was elevated to Tata Sons as the chairman in 2017, after being the CEO of TCS for eight years

The policy, aimed at identifying “hostile” content, has drawn criticism for potential censorship and chilling free speech

Global investment firm Bernstein has reaffirmed an ‘Outperform’ rating on Paytm, setting a target price of Rs 1,100. The report highlights Paytm’s recovery post-2024 regulations, strong merchant business, and growth potential driven by lending, cost control, and possible regulatory approvals.

While Germany-based Siemens AG and its subsidiaries hold 69 per cent stake in SEIL, subsidiaries of Siemens Energy AG hold 6 per cent, with the remainder in free float

A significant portion of the contribution came from Vedanta’s Rajasthan and Odisha operations, reflecting its focus on transparent and responsible governance

The move aims to enhance speed, efficiency, and customer experience across the country’s serviceable pin codes.

Indian-owned companies in the UK have surged to 1,197 in 2025, up 23% from last year, with revenues hitting £72.14 billion. The TMT sector leads, and Wipro tops growth rankings with a 448% revenue increase, the latest report shows.

Indian benchmark indices Sensex and Nifty opened lower on Thursday due to weak global trends and escalating tensions in the Middle East. After early losses, both indices turned flat amid volatility. Crude prices, Fed signals, and FII flows influenced investor mood.

The Indian rupee fell 14 paise to 86.57 against the US dollar on Thursday, pressured by global risk-off sentiment, strong dollar demand from oil importers, and elevated crude prices. The US Fed kept rates unchanged, projecting two future cuts.

According to reports, the Reserve Bank of India has raised concerns following alleged sales by Standard Chartered to small and medium-sized enterprises of target redemption forwards, ‘a product that can cause significant losses’

India’s proposal to fix the lower limit of air-conditioner temperature at 20 degrees C deserves favourable consideration, given the potential savings and the positive impact on the environment

Union Minister Jyotiraditya Scindia met SpaceX COO Gwynne Shotwell, who welcomed India’s approval of Starlink’s satcom licence. Starlink joins OneWeb and Jio-SES in offering satellite internet, aiming to boost connectivity in remote areas under Digital India initiatives

Jio Financial Services acquired SBI’s 17.8 per cent stake in Jio Payments Bank for Rs 104.54 crore, making it a wholly-owned subsidiary. The deal received RBI approval on June 4, consolidating JFSL’s ownership from 82.17 per cent to 100 per cent

Reliance Aerostructure and Dassault Aviation announced a partnership to manufacture Falcon 2000 jets in India. A final assembly line in Nagpur will be set up, marking the first Falcon production outside France and boosting India's aerospace manufacturing role