Business

India imports more than 700 tonnes of gold annually as demand for jewellery, investment and cultural purposes continues to exceed domestic production. The article explains the role of prices, imports, exchange programmes and changing consumer behaviour in shaping the gold market

AIMTC has urged Prime Minister Narendra Modi to reduce diesel prices following a sharp decline in international crude oil rates. The transport body said high diesel prices are increasing operating costs, fuelling inflation and putting financial pressure on transport operators

Global crude oil prices fell to six-week lows after reports of a possible extension of the Iran-US ceasefire and prospects of reopening the Strait of Hormuz. India said refineries have adequate crude stocks and fuel supplies remain stable despite regional uncertainties

Zara India's profit declined 31.9 per cent to Rs 204.14 crore in FY26, while revenue from operations fell 1.1 per cent. Trent also reduced its stake in the Zara joint venture through a buyback offer during the year

IndiGo reported a Rs 2,536.9 crore loss in the March quarter due to rupee depreciation, operational disruptions and labour law-related expenses. Despite higher capacity and increased total income, multiple challenges impacted the airline’s profitability during the 2025-26 financial year

The RBI’s balance sheet expanded 20.6 per cent to Rs 91.97 lakh crore in FY26, driven by strong growth in domestic investments, gold holdings and foreign investments. The central bank also declared a record dividend of around Rs 2.87 lakh crore to the Centre

Tesla has launched the Model Y Premium Rear-Wheel Drive in India at a starting price of Rs 50.89 lakh. The electric SUV offers upgraded interiors, 500 km range, advanced safety features and financing options, strengthening Tesla’s expansion plans in the Indian market

An India-bound oil tanker, Nissos Keros, has cleared the Strait of Hormuz amid a geopolitical maritime crisis. Iran's IRGC allowed the transit following formal coordination, though ongoing tensions and proposed transit fees continue to disrupt global energy traffic 

The rupee appreciated by 5 paise against the US dollar in early trade after the US and Iran agreed to extend their ceasefire by 60 days. Forex traders said easing concerns over oil supply disruptions and stable crude prices supported the Indian currency.

Anthropic raised $65 billion in a Series H round led by Altimeter, Sequoia, and others, boosting its valuation to $965 billion and surpassing OpenAI. The capital will expand compute capacity and scale its Claude AI assistant amid a $47 billion annualized revenue run rate

Indian equities rose modestly Friday, with Sensex and Nifty higher amid easing crude prices and strong earnings. IT stocks led gains, while FMCG remained flat. Asian markets surged, Wall Street closed positive, and Brent crude slipped below $92 per barrel

External Affairs Minister S Jaishankar attended the EU Foreign Ministers’ informal Gymnich meeting in Cyprus, discussing emerging multipolar order and cooperation. He also held bilateral talks with counterparts from Spain, Ukraine, Saudi Arabia, and the EU on trade, security, and regional developments

Gold and silver prices declined in international markets as a stronger US dollar and renewed US-Iran tensions dampened investor sentiment. Rising crude oil prices and persistent inflation concerns also reduced hopes of near-term interest rate cuts by major central banks.

A US delegation led by chief negotiator Brendan Lynch will visit India from June 1-4 to finalise details of the interim trade pact and advance broader bilateral trade agreement negotiations covering tariffs, market access, investment, critical minerals, energy cooperation and supply chains

Even as poverty declines, widening income inequality is making India’s economic growth story increasingly uneven

The rupee appreciated 12 paise to close at 95.58 against the US dollar on Wednesday amid cautious investor sentiment over US-Iran tensions. Traders are now focusing on the upcoming RBI Monetary Policy Committee meeting scheduled from June 3 to 5

Gold prices dropped Rs 1,100 in Delhi on Wednesday amid weak global trends and stronger safe-haven demand for the dollar. Silver prices also declined sharply as investors tracked US-Iran tensions and awaited key US economic data for interest rate signals

HDFC Bank rejected allegations of wrongdoing linked to reported payments of Rs 45 crore to MSRDC allegedly routed through its marketing department. The clarification came after media reports on an internal vigilance investigation, while the bank’s shares closed lower on the BSE

Adani group stocks closed higher on Wednesday despite a subdued market, with Adani Power overtaking Infosys in market capitalisation ranking. Several Adani group companies touched their 52-week highs during intra-day trade, while the Sensex and Nifty ended lower

Benchmark indices Sensex and Nifty closed lower amid weakness in banking stocks and concerns over the US-Iran situation. Analysts said geopolitical uncertainty and continued foreign institutional investor outflows kept investors cautious despite gains in broader market segments.

Benchmark indices Sensex and Nifty turned lower after an initial rise amid geopolitical tensions following fresh US strikes in Iran and continued foreign fund outflows. Investors remained cautious over energy supply concerns and volatility in global markets and crude oil prices.

The rupee weakened by 8 paise against the US dollar in early trade amid rising crude oil prices and renewed geopolitical tensions following fresh US strikes on Iran. Investors are also closely watching the upcoming RBI monetary policy meeting for cues on interest rates.

Chief executives of Air India, Tata Digital and Tata Electronics — key group bets facing mounting losses — made presentations; Chandrasekaran’s reappointment may be discussed on June 12.

India and Canada signalled a rapid reset in bilateral ties, aiming to conclude a free trade agreement by year-end. Leaders from both nations highlighted expanding cooperation in trade, investment, energy, technology, agriculture and education to strengthen economic relations and diversify exports