Oil little changed on uncertainty over US-Iran peace deal
INDIA COMMODITIES | Fri, 5 Jun 2026, 6:44AM IST
Oil prices saw little change on Friday after a significant drop. Hopes for an early end to the U.S.-Israeli conflict with Iran have faded. This follows the Hezbollah militia rejecting a new ceasefire in Lebanon. Fighting in the Middle East has caused oil prices to rise this week. Global oil inventories are a concern for the third quarter.
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Stocks in news: Tata Steel, ICICI Bank, Tata Motors, Vedanta, Maruti Suzuki
INDIA MARKET | Fri, 5 Jun 2026, 6:36AM IST
Indian markets traded cautiously on Thursday's weekly expiry, with analysts observing a continued tussle for direction in the Nifty. Key companies like Tata Steel, Tata Motors, ICICI Bank, Vedanta, and Maruti Suzuki are in focus due to significant business updates and regulatory developments.
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A little-known Indian stocks 530% rally shows hidden AI winners
INDIA MARKET | Fri, 5 Jun 2026, 6:31AM IST
Indian industrial companies are experiencing significant growth by supplying components for data centers. These firms are crucial for building and powering the infrastructure needed for artificial intelligence. Major global tech companies are investing billions in India for AI infrastructure. This trend is creating a strong demand for industrial suppliers, leading to substantial market value gains for these companies.
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20m
Global Market Today: Asian stocks slip as AI rally stalls, oil steadies
INDIA MARKET | Fri, 5 Jun 2026, 6:24AM IST
Asian stocks declined as AI shares pulled back and Middle East tensions weighed on investor sentiment. South Korean shares saw a significant drop, impacting the broader MSCI Asia Pacific Index. Meanwhile, oil prices steadied, and gold held its gains as traders awaited key US jobs data.
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28m
HDFC mutual fund places limits on Gold ETF investments
INDIA MUTUAL FUNDS | Fri, 5 Jun 2026, 6:15AM IST
HDFC Mutual Fund has placed restrictions on buying gold ETFs. This move affects large investors and limits monthly purchases for others. The fund house cites economic conditions and import duty discussions. Investors are encouraged to explore equity and debt funds for national growth. This aims to curb gold inflows and safeguard investors.
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37m
Currency, bond markets await RBI cues from MPC meet
INDIA CURRENCY | Fri, 5 Jun 2026, 6:10AM IST
The Indian rupee and benchmark bond yields traded narrowly on Thursday ahead of Friday's policy rate decision and potential currency support measures. The rupee closed at 95.78, with the RBI intervening to prevent further depreciation. Markets awaited key announcements, while dollar demand from oil companies persisted.
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41m
Sagar Defence Engineering said to explore public listing
INDIA MARKET | Fri, 5 Jun 2026, 6:06AM IST
Sagar Defence Engineering is reportedly exploring an Initial Public Offering (IPO) valued between 2,000-3,000 crore. The company, which designs autonomous and unmanned systems, is in the early stages of evaluation, with plans potentially firming up in 6-8 months. The proposed issue is expected to include both fresh issuance and an offer for sale.
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45m
Cement firms do well amid strain, but face capacity test
INDIA MARKET | Fri, 5 Jun 2026, 6:01AM IST
Cement companies saw strong volume growth in Q4 FY26, fueled by construction and government spending. Despite rising costs impacting margins, earnings met expectations. For FY27, demand growth is projected to moderate, with capacity additions likely to constrain pricing power. Companies are focusing on cost efficiencies and premiumization to safeguard profitability.
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The curious case of Rajesh Exports: Massive revenues, meagre profits
INDIA MARKET | Fri, 5 Jun 2026, 5:54AM IST
India's fourth-largest company, Rajesh Exports, faces a Sebi probe for alleged financial fraud. Investigations point to accounting irregularities and siphoning of funds. The company's top management claims ignorance of overseas operations, attributing them to promoter Rajesh Mehta. Auditors also faced scrutiny for their conduct during the investigation.
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57m
FPI exodus from financials cools, but foreign investors remain net sellers
INDIA MARKET | Fri, 5 Jun 2026, 5:41AM IST
Global investors reduced their equity stake in India's financial services sector in the latter half of May, selling shares worth 5,181 crore. This pace of selling was significantly lower than the first half of the month. Despite overall outflows, the metals sector saw substantial inflows, attracting nearly 60% of foreign investment.
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1h
BIT sweeter? India weighs easing treaty rules with safeguards to attract foreign capital
INDIA MARKET | Fri, 5 Jun 2026, 5:00AM IST
As the world shifts economically, India is set to revamp its investment treaty frameworks. The government is exploring options to simplify the timelines for foreign entities aiming for global arbitration. This proactive step is aimed at enticing foreign investment into the country, while also incorporating safeguards that will preserve India's sovereign policy-making authority and deter any potential exploitation of treaties.
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1h
Indias long-term growth story intact despite high valuations: Citigroup CEO Jane Fraser
INDIA MARKET | Fri, 5 Jun 2026, 5:00AM IST
India's economy faces temporary global challenges. Citigroup CEO Jane Fraser states the nation's strong tech talent and diverse economy ensure its long-term growth. Foreign investors are reassessing valuations and risks. Despite current market volatility, India's fundamental economic story remains robust. The world's multipolar shift is seen as beneficial for India.
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1h
Nick Bilton, New 60 Minutes Chief, Pledges Independence
GLOBAL NEWS | Fri, 5 Jun 2026, 3:06AM IST
Nick Bilton said he had consulted with the programs remaining correspondents: Lesley Stahl, Jon Wertheim and Bill Whitaker. All three were deliberating whether to stay with the show, two people said.
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3h
Nose Gear on Boeing 787-9 Dreamliner Collapses, Injuring Several Workers
GLOBAL NEWS | Fri, 5 Jun 2026, 2:09AM IST
The airline Lufthansa said the cause of the accident at Frankfurt Airport was under investigation. The plane can weigh 279 tons at takeoff.
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4h
Wall Street Is Going Gaga for SpaceX
GLOBAL NEWS | Fri, 5 Jun 2026, 2:04AM IST
Jamie Dimon himself is planning to pitch investors on the offering of Elon Musks rocket company, as banks prepare to reap huge fees from the largest I.P.O. ever.
Continue reading at The New York Times
4h
Coal ministry invites applications under gasification projects
INDIA BUSINESS | Fri, 5 Jun 2026, 1:34AM IST
The Coal Ministry has launched a new initiative to boost coal gasification projects. Companies can now apply for financial incentives to support the development of these projects. The scheme aims to produce 100 million tonnes of gasified coal by 2030. Eligible projects will receive significant financial support, encouraging investment in this crucial sector.
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5h
INDIA MARKET | Fri, 5 Jun 2026, 1:34AM IST
Wall Street closed higher with the Dow hitting a record, lifted by easing Iran war concerns and gains in healthcare and financial stocks. However, weak results from Broadcom dragged chipmakers, capping Nasdaq gains. Rising jobless claims and AI-driven layoffs added to uncertainty around economic strength and market valuations.
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5h
Fed's Schmid says choice is between patience and rate hikes to tamp down inflation
INDIA MARKET | Fri, 5 Jun 2026, 1:26AM IST
Kansas City Fed President Jeffrey Schmid signaled the central bank may need to consider rate hikes as inflation hovers near 3.5%, staying above target for years. While policymakers could remain patient, rising price pressures linked to tariffs and oil are increasing the likelihood of tighter monetary policy ahead.
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5h
Honeywell's Quantinuum valued at $17.6 billion as shares rise in Nasdaq debut
INDIA MARKET | Fri, 5 Jun 2026, 1:23AM IST
Quantinuum shares jump 13.3% in their Nasdaq debut, valuing the Honeywell-backed quantum firm at $17.6 billion. Strong investor interest reflects optimism around quantum computings long-term potential, despite limited revenues and ongoing losses. The company raised $1.68 billion, though adoption challenges and revenue concentration remain key concerns for investors.
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5h
PM rooftop solar scheme set for 7.5 million milestone
INDIA BUSINESS | Fri, 5 Jun 2026, 1:22AM IST
India's PM Surya Ghar Muft Bijli Yojana is set to reach over 7.5 million homes by year-end, with 4 million already benefiting. The scheme, launched in February 2024, aims to boost rooftop solar adoption, especially for families using 1-3 kW of electricity. Over 6.5 million applications are in the pipeline, indicating strong public interest and momentum.
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5h
Rajesh Exports likely to lose PLI beneficiary status, face MCA probe
INDIA BUSINESS | Fri, 5 Jun 2026, 1:18AM IST
Rajesh Exports faces potential removal from a government battery production incentive scheme. The corporate affairs ministry is considering a probe into the company's financial reporting. This follows a Securities and Exchange Board of India order flagging significant overstatement of revenues. The company's chairman stated no official communication has been received yet. The situation is developing rapidly.
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5h
FEMA case against Myntra closed following compounding: ED
INDIA BUSINESS | Fri, 5 Jun 2026, 1:11AM IST
Myntra's foreign exchange violation probe has concluded after the RBI issued a compounding order. The Enforcement Directorate gave its no objection, allowing the e-commerce platform to settle alleged FEMA contraventions involving over Rs 45 crore with a one-time payment of Rs 2.88 lakh. This move aligns with the government's 'ease of doing business' initiative.
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5h
Clean energy sector to add over 44 lakh jobs by 2030: Study
INDIA BUSINESS | Fri, 5 Jun 2026, 1:07AM IST
India's clean energy sector is set to generate over 44 lakh jobs by 2030. Rooftop solar will be the biggest job creator, accounting for nearly 43 percent of these positions. This growth aligns economic progress with sustainability goals. The nation ranks third globally in renewable energy capacity. Focus on skilling and inclusion is vital for quality livelihoods.
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5h
INDIA BUSINESS | Fri, 5 Jun 2026, 1:07AM IST
The observatory was announced in October last year with an objective to expand mineral coverage, integrate advanced technologies, among other things
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5h
Tata Steel eyes 9% India sales growth this fiscal
INDIA BUSINESS | Fri, 5 Jun 2026, 1:06AM IST
Tata Steel aims for a nearly 9% increase in Indian steel sales this fiscal year, leveraging expanded capacity at its Kalinganagar facility. The company is also on track to fully repay overseas subsidiary bonds by fiscal year-end, a move that has significantly reduced its exposure to currency depreciation risks and strengthened its financial flexibility for future investments.
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5h
Fire at Tata Steel's Port Talbot plant in UK
INDIA BUSINESS | Fri, 5 Jun 2026, 1:02AM IST
A fire erupted at Tata Steel's Port Talbot plant in the UK late Wednesday, with all personnel safely evacuated. The blaze occurred on a processing line and is unrelated to recent demolition work. Emergency services are actively working to extinguish the flames. The facility is undergoing a significant transition to an electric arc furnace.
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5h
Parimatch probe takes ED to Zepto's doorstep
INDIA BUSINESS | Fri, 5 Jun 2026, 12:57AM IST
The Enforcement Directorate is investigating offshore betting platform Parimatch. The agency has questioned quick commerce app Zepto regarding its promotional campaigns for the banned betting app. Investigators found Parimatch used Zepto's delivery flyers to reach households. This action is part of a larger probe into alleged money laundering by the betting platform.
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5h
Credit guarantee scheme for MFIs still stuck in low gear
INDIA BUSINESS | Fri, 5 Jun 2026, 12:55AM IST
Banks have received an aggregate loan demand of Rs 10,000-12,500 crore under the scheme, according to people familiar with the matter. While the credit guarantee provides 70-80% default coverage, its rigid caps on bank lending rates and strict margin rules for microfinance companies have made it a non-starter so far in terms of loan disbursement, they said.
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5h
INDIA MARKET | Fri, 5 Jun 2026, 12:51AM IST
Globalisation is changing. It now balances efficiency with resilience and security. This shift benefits India, a nation with strong tech talent, a diverse economy, and a large market. Global investors see India's long-term story as intact, despite short-term headwinds. India's rise is timely as the world needs its capabilities. The country is a central pillar for future global growth.
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6h
Inox Clean Energy buys Vena's India energy business for Rs 6,000 crore
INDIA BUSINESS | Fri, 5 Jun 2026, 12:43AM IST
Inox Clean Energy is acquiring Vena Energy India's 6 GW renewable energy portfolio. This deal significantly expands Inox Clean's operational and development pipeline. The company is building an integrated clean energy platform through strategic buyouts and greenfield investments. Inox Clean aims for 10 GW of renewable generation capacity and 11 GW of solar manufacturing by FY28.
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6h
Foreign law firms pick up the India case amid uncertainties
INDIA BUSINESS | Fri, 5 Jun 2026, 12:40AM IST
Foreign law firms are establishing dedicated India desks across Asia, the Middle East, and Europe as a strategic response to ongoing uncertainty surrounding India's legal sector liberalization. These offshore practices aim to capitalize on sustained demand for cross-border work involving Indian businesses, offering a practical contingency plan against regulatory barriers and building crucial corporate relationships.
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6h
Drug companies directed to step up vigil on adverse reactions
INDIA BUSINESS | Fri, 5 Jun 2026, 12:36AM IST
India's drug regulator, CDSCO, has mandated all drug companies to establish systems for tracking adverse drug reactions. This move comes amid global scrutiny of India's drug safety monitoring. Companies must now designate officers, maintain records, and report reactions promptly. Compliance will be checked during routine inspections. This ensures better post-market drug safety for consumers.
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6h
Clean rules put auto parts cos on a whole new growth path
INDIA BUSINESS | Fri, 5 Jun 2026, 12:32AM IST
India's auto component sector is set for a growth spurt. New rules for cleaner, safer, and fuel-efficient vehicles are boosting demand for advanced technologies. Companies are seeing increased business in emission control, sensors, and safety systems. Electrification is also a key driver. This regulatory wave promises significant opportunities for suppliers.
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6h
Exchange of old gold has risen almost 60% year-on-year, say jewellery retailers
INDIA BUSINESS | Fri, 5 Jun 2026, 12:32AM IST
Gold prices are soaring in India, prompting a surge in old gold exchanges. Consumers are trading in existing jewellery to buy new pieces. This trend is reshaping the jewellery market. Leading retailers report significant increases in exchange-led sales. This shift helps reduce the country's reliance on gold imports. Household gold is now entering the market.
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