Business

India is expected to surpass 1.1 billion 5G subscriptions by 2031, achieving 81 per cent penetration, according to Ericsson. Affordable devices, wider network coverage and growing FWA services are driving adoption, while 4G subscriptions are projected to decline sharply

TCS will make an additional $70 million provision after the US Supreme Court declined to review its appeal in a trade secrets dispute with DCX Technologies. The expense adds to an earlier $150 million provision related to the litigation

Indian equity markets opened higher as easing tensions between the US and Iran boosted investor sentiment. Lower crude oil prices, a stronger rupee, and gains in IT, realty and financial stocks supported markets, though metal shares remained under pressure

Gold prices rose by Rs 2,500 to Rs 1.59 lakh per 10 grams in Delhi, while silver climbed Rs 5,000 per kg. Analysts attributed the rally to strong global trends following reports of a US-Iran agreement that boosted bullion demand

Andhra Pradesh Chief Minister N. Chandrababu Naidu met Singapore Prime Minister Lawrence Wong, seeking cooperation in semiconductors, AI, quantum technologies, urban governance and research. The leaders also discussed Amaravati’s development, green energy, natural farming, healthcare and infrastructure partnerships

Shares of oil marketing companies, aviation firms and paint manufacturers rose on Monday after Brent crude prices fell sharply. Investors welcomed easing pressure on energy markets, while expectations of smoother oil supplies supported gains across crude-sensitive sectors

Adani Group and Jabil have announced plans to form a strategic alliance to build an AI and data centre infrastructure manufacturing platform in India. The collaboration aims to produce AI-ready hardware and support India's emergence as a global digital infrastructure hub

India and the US will intensify negotiations on a proposed interim trade agreement during a USTR visit to New Delhi on June 23–24. Talks aim to finalise the first tranche of the deal and advance broader bilateral trade agreement discussions

SEBI is expected to approve a series of reforms at its June 19 board meeting, including the revival of exchange-based share buybacks, faster AIF approvals, easier rules for bond platforms and relaxed liquidity norms for mutual funds to improve market efficiency.

Finance Minister Nirmala Sitharaman said the government will introduce additional measures to attract foreign capital, noting bond market reforms are only the beginning. She highlighted RBI steps, global uncertainties, and India’s need to strengthen foreign exchange reserves amid rising external risks

Indian benchmark indices ended nearly 1 per cent higher on Monday as a US-Iran peace agreement boosted investor sentiment and risk appetite. Realty, auto and consumer durable stocks led gains, while easing concerns over crude oil prices supported market optimism.

Gold and silver prices rose sharply on Monday, gaining up to 3 per cent as a weaker US dollar and expectations of supportive Federal Reserve policy boosted investor sentiment. The rally came despite easing geopolitical tensions following the US-Iran peace agreement announcement.

Kotak Mahindra Asset Management Company has launched its first Specialised Investment Fund, the Infinity Hybrid Long-Short Fund, under SEBI's new SIF framework. The strategy seeks to balance market participation and risk management through a mix of equity, arbitrage and derivative exposures.

The rupee appreciated 58 paise against the US dollar in early trade as crude oil prices declined sharply following a US-Iran peace agreement. A weaker dollar and strong domestic equities further supported the currency, while analysts projected continued appreciation in the near term.

Indian benchmark indices surged in early trade as easing geopolitical tensions and falling crude oil prices boosted investor sentiment. The Sensex gained over 1,100 points while the Nifty jumped more than 335 points after the US-Iran peace agreement improved global market outlook

Despite a ceasefire ending the Iran war and reopening the Strait of Hormuz, experts warn global oil and gasoline prices may remain elevated for months. Shipping delays, stranded tankers, production restarts, security concerns and supply chain disruptions will slow energy market recovery worldwide

Market volatility, rising energy prices, and shifting US foreign policy priorities reflect the growing importance of geoeconomics in global affairs

At a time when America has abandoned the spirit of multilateralism and turned largely protectionist under Donald Trump’s leadership, the deepening ties between New Delhi and Paris provide India elbow room to assert strategic independence

Air New Zealand is assessing the feasibility of launching direct flights to India, CEO Nikhil Ravishankar said. The airline sees growing opportunities following the India–New Zealand free trade agreement and is working with Air India and Singapore Airlines to strengthen connectivity

A Bank of Baroda Research report warns of an 80 per cent probability of El Niño during June-August, raising concerns over food inflation. Despite healthy reservoir levels and adequate vegetable supplies, higher fuel costs and weather uncertainties could push inflation higher in FY27

Amazon is in its most aggressive phase of expansion in India, country head Samir Kumar said, highlighting long-term investments, quick commerce growth and regulatory compliance. The company is focusing on customer experience, infrastructure expansion and strengthening its digital ecosystem

India will see rising investments in memory chip manufacturing as demand for AI and data centre storage surges, Union Minister Ashwini Vaishnaw said. Under the India Semiconductor Mission, new fabs, design, and equipment manufacturing are planned to boost domestic semiconductor capacity

The Food Safety and Standards Authority of India has issued notices to eight food companies, including Emami Healthy & Tasty and Neuherbs, for misleading branding and health claims. The regulator flagged violations under the Food Safety and Standards Act, 2006

A new research report warns of a high probability of an El Niño event through November, raising concerns over food inflation in India. Despite healthy reservoir levels and vegetable supplies, higher fuel costs and weather uncertainties could push inflation to 5.2–5.5% in FY27