Business

Samsung Electronics workers announced an 18-day strike after wage negotiations with management collapsed in South Korea. The dispute threatens global semiconductor supplies amid booming AI-driven chip demand. The government warned of major economic losses, while courts imposed restrictions to maintain critical semiconductor operations

UPI accounted for 85.5 per cent of India’s digital payment transaction volume in H2 2025, according to the RBI. While RTGS dominated transaction value, India’s digital payments ecosystem recorded massive growth over the last decade, driven by smartphones and cashless infrastructure

Crude oil prices climbed sharply on Tuesday amid persistent West Asia tensions disrupting global energy supplies. On MCX, June crude futures touched a record Rs 10,044 per barrel before easing slightly. Rising global benchmarks and fresh investor buying supported the continued upward momentum in oil markets

The CDSCO has warned that cosmetic products are strictly prohibited from being used as injections, stating such practices violate the Drugs and Cosmetics Act. The regulator clarified that cosmetics are only meant for topical application, not for therapeutic treatments.

Indian stock market benchmark indices, Sensex and Nifty, rallied in early trade following Donald Trump's announcement delaying military strikes on Iran. Frontline IT stocks, foreign fund inflows, and a surge in Adani group shares—following dropped US legal charges—further boosted investor sentiment.

Indian state-run oil marketing companies raised petrol and diesel prices for the second time in less than a week due to surging global crude costs driven by the US-Iran conflict. The hikes push fuel prices to their highest levels since May 2022

The Trump-Xi summit highlighted China’s growing assertiveness and America’s strategic uncertainty

OpenAI CEO Sam Altman said over one billion images have been created in India using ChatGPT Images 2.0 within a month of launch, highlighting the growing role of AI-generated visuals in creator culture, fashion, fandoms, and digital identity

Silver prices fell to Rs 2.70 lakh per kg on MCX as rising crude oil prices, inflation concerns and a stronger US dollar weighed on sentiment. Global geopolitical tensions and tighter monetary policy expectations also added pressure on precious metals

JSW Energy has sold 2.5 crore shares in JSW Steel for Rs 3,150 crore through a bulk deal on the NSE. The company said the move is part of a strategic liquidity release aimed at strengthening capital allocation and growth plans

United Breweries Ltd has announced the closure of its Ludhiana brewery unit in Punjab from June 30, following a long-term capacity lease agreement with a contract brewer. The company said beer supply in Punjab and neighbouring states will remain unaffected

Maruti Suzuki India has started commercial production at the second plant of its Kharkhoda facility in Haryana, boosting capacity. The expansion increases total annual production to 26.5 lakh units across India as the company strengthens manufacturing and export capabilities

India’s hospitality sector recorded hotel investments worth about $567 million across 28 transactions in 2025, according to JLL. Tier II and III cities emerged as key growth drivers, while luxury and upscale hotels continued to dominate investment activity nationwide

Gold and silver prices remained volatile on Monday as rising tensions in West Asia, stronger US Treasury yields and persistent inflation concerns impacted global markets. While gold edged higher on MCX, silver stayed under pressure amid weaker investment demand and global uncertainty

Crude oil prices surged as Brent crossed $111 per barrel amid rising US-Iran tensions and renewed supply disruption fears. WTI and MCX crude also gained sharply after reported attacks in the UAE and Saudi Arabia and concerns over Strait of Hormuz.

Bank of India has increased interest rates on medium- and long-term fixed deposits below Rs 3 crore with effect from today. The revised rates offer up to 6.70 per cent annually, while senior and super senior citizens will continue to receive additional benefits

realme is set to launch the Buds Air8 Pro and Watch S5 in India on May 22, 2026, aiming to strengthen its AIoT ecosystem with seamless device connectivity, advanced audio features, health tracking capabilities and long battery life for connected lifestyle users

The rupee slumped to a fresh all-time low of 96.25 against the US dollar in early trade on Monday amid soaring crude oil prices, geopolitical tensions and a stronger dollar, while experts warned of further pressure if global energy uncertainty continues.

Domestic equity markets opened sharply lower on Monday as rising crude oil prices and escalating tensions between the US and Iran weighed on investor sentiment. Sensex and Nifty fell over 1 per cent, while most sectoral indices traded in the red

Gautam Adani met Bihar Chief Minister Samrat Chaudhary to discuss investment plans and reaffirmed the Adani Group’s commitment to Bihar’s development through infrastructure, energy and social service initiatives. He also announced major eye care and healthcare training projects in the state

India and the Netherlands upgraded ties to a strategic partnership, signing 17 agreements across defence, semiconductors, and critical minerals. PM Modi and Rob Jetten also backed free navigation in the Strait of Hormuz, discussed Ukraine, and expanded cooperation on energy, AI, and trade

Prime Minister Narendra Modi concluded his Netherlands visit with 17 agreements in defence, critical minerals, and technology before departing for Sweden. Talks with Dutch leaders focused on strategic ties, climate cooperation, and global energy concerns amid West Asia disruptions

An LPG vessel carrying 20,000 metric tonnes reached Gujarat’s Kandla port after safely crossing the Strait of Hormuz amid West Asia tensions. India highlighted threats to shipping safety and urged protection of navigation routes as regional conflict disrupts global energy supply chains

Monaco-based FOWE Eco Solutions claims its water-based fuel emulsion technology can cut fuel use, emissions, and maintenance costs without engine modifications. Tested in ships, refineries, and steel plants, the system could help India reduce oil imports, save forex, and improve industrial energy efficiency