Business

Andhra Pradesh Chief Minister N. Chandrababu Naidu met Bharti Enterprises founder Sunil Bharti Mittal in Amaravati to discuss strengthening the state’s digital infrastructure. The meeting comes as Airtel Nxtra partners in the $15 billion Google AI Data Centre project in Visakhapatnam.

Prestige Estates Projects has around Rs 65,000 crore of unrecognised revenue following record housing sales over the past three years. The company is targeting Rs 35,000-36,000 crore in pre-sales this fiscal and expects stronger launches, subject to regulatory approvals

Stock market sentiment this week is expected to be driven by geopolitical developments in West Asia, crude oil price movements, domestic macroeconomic data, foreign investor activity and the progress of the southwest monsoon, according to market analysts

Indian benchmark indices ended the holiday-shortened week on a positive note, with the Nifty closing above 24,000 and the Sensex posting gains. Analysts expect the recovery to continue if key resistance levels are crossed, supported by easing crude oil prices

Union Commerce Minister Piyush Goyal launched a practical business utilisation manual for the India-UK CETA in London to help companies maximise trade opportunities before the agreement takes effect on July 15, promoting market access, investment and stronger bilateral economic cooperation

Indian equity benchmarks extended gains for a third straight week, supported by lower crude oil prices, easing geopolitical tensions and optimism over an India-US trade deal. Analysts expect corporate earnings and key domestic and global economic data to guide market direction

ITC Chairman and Managing Director Sanjiv Puri's total remuneration declined 6.8 per cent to Rs 23.91 crore in FY26 due to lower performance-linked incentives and commissions, although his basic salary and perquisites increased compared to the previous financial year

Foreign institutional investors turned net sellers again, offloading Rs 2,080 crore during the week, while domestic institutional investors bought Rs 11,100 crore. Benchmark indices extended gains for a third straight week amid easing geopolitical tensions and softer crude oil prices.

The US government has allowed Anthropic to restore limited access to its Mythos 5 AI model for selected trusted partners after addressing national security concerns, while restrictions on the Fable 5 model remain in place pending further review

President Donald Trump has threatened to impose a 100% tariff on imports from any country that levies digital services taxes on US tech companies, singling out European nations. Britain already enforces a 2% digital services tax on major online firms.

Though higher ethanol blending can boost energy security and reduce the oil import bill, concerns of vehicle users and environmentalists must also be addressed

Japanese Prime Minister Sanae Takaichi will visit India from July 1-3 for the 16th India-Japan Annual Summit. She and Prime Minister Narendra Modi will review bilateral cooperation, including trade, investment and defence, besides discussing regional and global issues

Global corporations and institutional investors have announced over USD 90 billion in fresh investments in India across AI, cloud computing, digital infrastructure and manufacturing. The commitments reflect growing confidence in India's long-term growth despite global geopolitical tensions and economic uncertainty

Lupin Ltd has received tentative approval from the USFDA for its generic enzalutamide tablets used to treat castration-resistant prostate cancer. The approval covers four dosage strengths, including 120 mg and 160 mg variants, offering healthcare providers and patients more dosing options

Apple has increased the prices of several MacBook and iPad models worldwide, including in India, citing rising memory chip costs driven by AI infrastructure demand. Industry experts say semiconductor shortages and higher component prices are likely to persist for at least two years

Global crude oil prices fell nearly 2 per cent on Friday and were headed for steep weekly losses as concerns over supply disruptions eased despite fresh tensions near the Strait of Hormuz. Brent and WTI remained under pressure amid improving tanker movements

The NSE and BSE remained closed on Friday for Muharram, suspending trading across equity and derivative segments. MCX resumed trading in the evening session, while NCDEX stayed closed. Markets will reopen after the three-day weekend, subject to the trading calendar.

The Labour Code offers a once-in-a-generation opportunity to build a fair, productivity-linked wage system that delivers dignity and growth

India has successfully exported its first commercial sea shipment of 5 metric tonnes of Banganapalle mangoes to Singapore, facilitated by APEDA. The consignment showcased the viability of sea freight for horticultural exports while nearly doubling returns for mango growers

Amazon has announced plans to invest $48 billion in India between 2026 and 2030, including an additional $13 billion for AI and cloud infrastructure. The investment will expand AWS data centres in Mumbai and Hyderabad, support job creation, boost exports, and strengthen India's digital and artificial intelligence ecosystem

Premium designer jewellery brand Suvarnam Jewels has opened its second showroom in Hyderabad at Banjara Hills. The new outlet features gold, diamond, Polki and Kundan collections, along with exclusive bridal and customised jewellery, reflecting the brand's growing presence in the city.

The rupee appreciated 31 paise to 94.24 against the US dollar in early trade on Thursday, supported by falling global crude oil prices, a weaker dollar index and positive domestic equity market sentiment. However, continued foreign institutional investor outflows limited further gains in the local currency

Gold and silver prices witnessed sharp intraday volatility on Thursday as investors assessed prospects of further US Federal Reserve rate hikes, a stronger dollar and easing geopolitical tensions. Analysts said bullion remained under pressure despite intermittent buying, with markets awaiting key US inflation data.

India's equity markets remained resilient in May 2026 despite global uncertainties, foreign investor outflows and inflationary pressures. Strong domestic institutional participation, supportive corporate earnings and stable macroeconomic fundamentals helped offset challenges and sustain investor confidence across market segments