Business

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 

ISRO is developing artificial heating technologies with the Department of Atomic Energy to help future lunar landers survive the Moon’s harsh nights for 100–200 days. The innovation could significantly extend mission life beyond Chandrayaan-3’s 14-day operational period

India's monthly SIP book has grown nearly tenfold over the past decade to Rs 30,954 crore, according to a ValueMetrics report. Outstanding SIP accounts reached 1,047 lakh, while retail investor participation remained strong despite market volatility and rising account churn

India and Papua New Guinea reviewed bilateral relations during the second Foreign Office Consultations, covering development cooperation, political engagement, economic ties and regional issues. Both sides expressed satisfaction with growing relations and agreed to deepen collaboration across multiple sectors

SEBI Chairman Tuhin Kanta Pandey announced plans to review the short-selling framework, introduce bond index derivatives, issue AI guidelines and simplify market access. The regulator is also considering reforms in equity, commodity and debt markets to deepen participation

FSSAI has directed all food business operators to immediately stop using metallic pins and wires in food packaging, warning of serious health risks if accidentally consumed. The regulator said violations could attract penal action under food safety laws

The rupee strengthened sharply by 77 paise to close at 95.08 against the US dollar, supported by falling global oil prices after reports of a possible US-Iran deal, a weaker dollar index, and strong gains in domestic equity markets

Indian equity markets ended sharply higher on Friday, with the Sensex gaining nearly 1,700 points and the Nifty reclaiming 23,600. Investor sentiment improved after optimism over a possible US-Iran agreement, while financial and realty stocks led broad-based gains

Tata Motors will increase prices of its passenger vehicles, including ICE and electric models, by up to 1.5% from July 1. The company cited rising input costs and inflationary pressures, stating the revision will vary across models and variants

The rupee appreciated 65 paise to 95.20 against the US dollar in early trade as global crude oil prices declined following optimism over a possible US-Iran deal. A weaker dollar and strong domestic equities further supported the Indian currency.

SpaceX priced its record-breaking IPO at $135 per share, raising $75 billion and valuing the company at $1.77 trillion. The offering significantly boosts the wealth of founder Elon Musk, bringing him close to trillionaire status

Indian stock markets rallied sharply on Friday, with the BSE Sensex surging 1,000 points and the NIFTY 50 gaining nearly 300 points. Falling oil prices, easing geopolitical concerns and strong global market cues boosted investor sentiment across sectors

India has restricted bulk diesel purchases at retail fuel stations, limiting sales to 200 litres per customer daily and directing commercial users to captive pumps. The move aims to prevent fuel diversion, improve distribution oversight, and manage supply pressures amid global energy market volatility

Eros Innovation has announced a mythology-inspired cinematic universe, franchise expansion plans and a film restoration programme at London Tech Week. The company also committed £265 million, about Rs. 3,000 crore, towards AI, animation and content infrastructure investments in the UK.

TCS has entered a strategic partnership with AI company Anthropic to accelerate enterprise AI adoption. The collaboration will enable 50,000 TCS associates to use Claude AI, establish a dedicated business unit, and develop industry-specific solutions for regulated sectors worldwide.

Gold and silver prices declined on domestic and international markets amid shifting investor sentiment over the West Asia conflict. Easing safe-haven demand and expectations of prolonged higher US interest rates weighed on bullion, while crude oil prices surged sharply

Indian benchmark indices Sensex and Nifty declined in early trade on Thursday amid escalating US-Iran tensions, rising crude oil prices, persistent foreign fund outflows and elevated US inflation. Investors remained cautious as global markets weakened and geopolitical risks intensified.

The Reserve Bank of India is likely to resume issuing licences for new urban co-operative banks after a two-decade pause. Improved regulatory oversight, financial inclusion goals and stronger sector support have encouraged the move, though capital and governance challenges remain

The rupee depreciated by 32 paise to 95.57 against the US dollar in early trade on Thursday as rising crude oil prices, continued US-Iran hostilities, foreign fund outflows and weak domestic equities weighed on investor sentiment and the domestic currency.

Opendoor is winding down its India operations and relocating remaining roles to the United States, affecting nearly 250 employees. CEO Kaz Nejatian said the move aligns operations closer to customers as the company streamlines workflows and expands AI-driven teams

SEBI has proposed easing executive remuneration disclosure norms for asset management companies by replacing individual salary disclosures with consolidated figures. The regulator said the move balances transparency with privacy concerns while aligning disclosure requirements with industry practices and investor needs

The rupee depreciated by 15 paise against the US dollar in early trade as escalating tensions in West Asia drove crude oil prices higher. Traders said geopolitical uncertainty and rising energy costs continued to exert pressure on the Indian currency.

Network disruptions and elevated latency have affected Google Cloud users in Delhi, Mumbai, Chennai, and nearby regions after a fire at a third-party data centre in Delhi. Google rerouted traffic to maintain services, but customers may continue experiencing latency spikes and suboptimal routing

Indian equity markets opened higher with the BSE Sensex and Nifty 50 gaining on buying in blue-chip stocks like Reliance Industries and ICICI Bank, supported by easing crude oil prices and mixed global market cues