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INDIA MARKET | Wed, 3 Jun 2026, 1:33AM IST US stocks ended mixed as AI-driven optimism supported markets but was offset by rising geopolitical tensions and oil prices. Small-cap and semiconductor stocks gained, while software lagged. Alphabets massive AI funding plan and Marvells rally highlighted ongoing AI momentum, even as inflation fears and rate hike concerns kept investors cautious.

Continue reading at Economic Times

1h

INDIA BUSINESS | Wed, 3 Jun 2026, 1:07AM IST A Vedanta spokesperson said the company was cooperating with the authorities. "We are extending full cooperation to the authorities and are providing all information sought. The company remains committed to compliance with all applicable laws and regulations. As the matter is currently under regulatory process, we are unable to comment further at this stage," the spokesperson said. -Our Bureau

Continue reading at Economic Times

1h

INDIA BUSINESS | Wed, 3 Jun 2026, 1:05AM IST The Institute of Chartered Accountants of India has updated its ethics code. This allows chartered accountants and their firms to advertise more freely and develop websites. The institute is also exploring allowing CAs to offer consultancy services to their audit clients. These changes aim to help Indian accounting firms grow and improve audit quality.

Continue reading at Economic Times

1h

INDIA BUSINESS | Wed, 3 Jun 2026, 12:52AM IST During 2025-26, ARCs acquired stressed debt worth more than Rs 2 lakh crore, comprising Rs 1.5 lakh crore of corporate loans and Rs 50,000 crore of retail assets. Retail acquisitions increased Rs 54,727 crore year-on-year, while corporate acquisitions expanded Rs 1.5 lakh crore.

Continue reading at Economic Times

1h

INDIA BUSINESS | Wed, 3 Jun 2026, 12:39AM IST The complaint, a copy of which was seen by ET, was also sent to the Serious Fraud Investigation Office (SFIO), National Financial Reporting Authority (NFRA) and other agencies. It alleges insider trading by Samir Agarwal, former zonal head of eastern India at IndusInd Bank, manipulation of financial records, evergreening of microfinance loans, suppression of audit findings and attempts by senior management and board members to conceal irregularities.

Continue reading at Economic Times

2h

INDIA BUSINESS | Wed, 3 Jun 2026, 12:34AM IST India's diesel exports saw a significant shift in May. Africa became the primary destination, absorbing over 80% of shipments. This change occurred as demand from Asia and Europe weakened. Geopolitical tensions also reshaped global diesel trade flows. Higher refinery operations in Asia reduced import needs. Europe received no diesel, while Asian shipments dropped sharply.

Continue reading at Economic Times

2h

INDIA BUSINESS | Wed, 3 Jun 2026, 12:32AM IST The company has received DCGI approval for multiple dosage strengths and aims to widen access to semaglutide treatment for diabetes and obesity

Continue reading at Business Standard

2h

INDIA BUSINESS | Wed, 3 Jun 2026, 12:30AM IST Tamil Nadu saw a 2.3% quarter-on-quarter squeeze in the state's microfinance outstanding portfolio to Rs 38,900 crore at the end of March, while Karnataka recorded a mere 1.1% growth during the period, data from credit information company Crif High Mark showed. Karnataka had outstanding microfinance loans of Rs 28,600 crore at March-end.

Continue reading at Economic Times

2h

INDIA BUSINESS | Wed, 3 Jun 2026, 12:28AM IST JioStar India has significantly reduced its sports contract provision to over seventeen thousand crore rupees for FY26. This move addresses costly sports rights commitments. The company utilized a large portion of its provision in FY26. Provisions are created for anticipated future losses. These provisions mainly relate to International Cricket Council media rights.

Continue reading at Economic Times

2h

INDIA BUSINESS | Wed, 3 Jun 2026, 12:26AM IST After their recent appearance before a parliamentary committee that was evaluating the controversial on-screen marking system for Class 12 boards, the CBSE chairperson and secretary have been dismissed from their positions. A new chairman has been designated to take charge, and an independent inquiry will examine the technology acquisition process.

Continue reading at Economic Times

2h

INDIA BUSINESS | Wed, 3 Jun 2026, 12:19AM IST India's cyber security watchdog, CERT-In, has detected critical vulnerabilities in the online assessment system of CBSE. Despite numerous alerts about these shortcomings, one portal was flagged as not fit for live operations. The IT ministry has since informed a parliamentary committee of the situation. Questions were also raised regarding the effectiveness of the answer sheet scanning process.

Continue reading at Economic Times

2h

INDIA BUSINESS | Wed, 3 Jun 2026, 12:18AM IST Banks are flagging increased fraud and loan defaults within self-help groups. To combat this, lenders are suggesting mandatory unique registration numbers for groups and their members. A central registry for cross-verification is also proposed. This aims to improve transparency and track loan exposures effectively. The government is already monitoring SHG-bank linkages.

Continue reading at Economic Times

2h

INDIA BUSINESS | Wed, 3 Jun 2026, 12:03AM IST In a significant turn of events, Oman has emerged as India's top source for liquefied natural gas, particularly following the upheaval caused by the Iran war that interrupted gas flow in the Gulf region. This strategic pivot took place in March, with Indian buyers seeking more stable energy alternatives.

Continue reading at Economic Times

2h

INDIA BUSINESS | Tue, 2 Jun 2026, 11:58PM IST The recent spike in import duties in India has inadvertently fueled a rise in gold smuggling activities. Traders are noting a marked increase in gold illegally entering the country from the Middle East, often at prices that are hard to resist. This pattern echoes previous instances where higher duties led to a boost in smuggling efforts.

Continue reading at Economic Times

2h

INDIA BUSINESS | Tue, 2 Jun 2026, 11:55PM IST Upcoming Tata Trusts and Tata Sons board meetings are expected to focus on routine matters, with no immediate decision likely on Chandra's tenure or listing plans

Continue reading at Business Standard

2h

INDIA BUSINESS | Tue, 2 Jun 2026, 11:54PM IST Ambuja Cements plans to add new capacity after reaching optimal utilization. The company aims to reach 119 million tonnes capacity by fiscal year-end. Recent acquisitions and organic expansion are part of this strategy. Despite cost pressures from global events, the company achieved record revenue and profit in FY26. Structural changes are also underway to improve efficiency.

Continue reading at Economic Times

2h

INDIA BUSINESS | Tue, 2 Jun 2026, 11:53PM IST The landscape of audio streaming in India is undergoing a transformation with a dynamic hybrid model gaining traction. Services are blending free, ad-supported formats with attractive premium subscriptions to secure long-term revenue streams after several years emphasizing sheer user volume. Amazon Music stands out by introducing a three-tier structure, which includes a no-cost, ad-enabled service.

Continue reading at Economic Times

2h

INDIA MARKET | Tue, 2 Jun 2026, 11:46PM IST The hospitality technology company is expected to file its updated draft prospectus by early July as it evaluates market conditions and listing timelines

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3h

INDIA MARKET | Tue, 2 Jun 2026, 11:41PM IST The Centre's NHPC stake sale drew strong demand, a Mumbai court summoned former Religare chairperson Rashmi Saluja, and HSBC MF launched its first SIF

Continue reading at Business Standard

3h

INDIA BUSINESS | Tue, 2 Jun 2026, 11:40PM IST JioStar and ICC have launched an integrated marketing campaign for the ICC Womens T20 World Cup 2026, aiming to boost mainstream fandom for India's women's cricket team. The campaign challenges unconscious bias, highlighting the team's world champion status and advocating for equal fan fervor. It features a flagship film, celebrity endorsements, and a creator-led initiative to drive nationwide engagement.

Continue reading at Economic Times

3h

INDIA MARKET | Tue, 2 Jun 2026, 11:34PM IST Restaurant Brands Asia is the operator of restaurant chain Burger King in India.

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3h

INDIA BUSINESS | Tue, 2 Jun 2026, 11:32PM IST Betting big on domestic supply chain boom, warehousing and industrial real estate platform Welspun One on Tuesday announced plans to lease over 10 million sq ft over the next three years, nearly double its current operational footprint. The deals include a 5.9 lakh sq ft single-box facility for Amazon India, a 20-metre-high warehouse for AAJ Supply Chain, the company said. A controlled-environment facility of over 2 lakh sq ft built-to-the-precise specifications of a leading medical equipment manufacturer, a signal of how the sector is moving well beyond commodity storage, forms the part of the 10-million sq ft land deal, it said. As part of its next growth phase, Welspun One said it is also expanding beyond large-format warehousing into adjacent segments, including in-city distribution, retail and commercial infrastructure. Key projects under construction are the country's largest free trade warehousing zone (FTWZ) development at Nhava Sheva with over 4.5-million sq ft of space, o

Continue reading at Business Standard

3h

INDIA MARKET | Tue, 2 Jun 2026, 11:31PM IST Iran's former Supreme Leader Ayatollah Ali Khamenei was killed in a joint strike by US and Israel forces, on his residence on Feb. 28.

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3h

INDIA MARKET | Tue, 2 Jun 2026, 11:30PM IST Nifty on the charts for Wednesday.

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3h

INDIA MARKET | Tue, 2 Jun 2026, 11:26PM IST Mojtaba Khamenei was reportedly wounded on Feb. 28 when the US and Israel launched coordinated strikes on Iranian targets.

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3h

GLOBAL NEWS | Tue, 2 Jun 2026, 11:24PM IST The dinner was abruptly cut short in April when a gunman disrupted the proceedings. President Trump said that he would attend.

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3h

INDIA BUSINESS | Tue, 2 Jun 2026, 11:18PM IST The government has appointed V Packirisamy as Director (Commercial) at Power Finance Corporation Limited (PFC), effective June 2, a statement said on Tuesday. He was serving as Executive Director, Entity Appraisal & IT, PFC, the company said in an exchange filing. Packirisamy brings over three decades of extensive experience in the power sector and infrastructure finance. He holds a BE (Mechanical) and an MTech (Management and Systems) from IIT Delhi. The official began his professional career in 1989 and joined PFC in 1997. Over the years, he played a pivotal role in expanding the organisation's operations and strengthening its appraisal and risk management frameworks, significantly contributing to the growth of PFC's loan portfolio. He has been instrumental in several key institutional initiatives, including the development of methodologies for categorising state generation and transmission utilities, formulation of the Integrated Rating Framework for Power Distribution ...

Continue reading at Business Standard

3h

INDIA MARKET | Tue, 2 Jun 2026, 11:17PM IST More than 4,500 delegates from 60 countries are expected at World Hindu Congress 2026 in Mumbai during the RSS centenary year.

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3h

INDIA MARKET | Tue, 2 Jun 2026, 11:03PM IST The stock opened down 3 per cent at 38.50 on the National Stock Exchange and touched a low of 38.08 before trimming some losses.

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3h

INDIA BUSINESS | Tue, 2 Jun 2026, 10:56PM IST The ports-to-energy conglomerate said these assets are expected to contribute more meaningfully to earnings and cash flows FY27 onwards

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3h

INDIA MARKET | Tue, 2 Jun 2026, 10:51PM IST The lower rate will apply from June 8, 2026, through Dec. 31, 2027.S

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3h

INDIA BUSINESS | Tue, 2 Jun 2026, 10:51PM IST In the realm of automotive innovation, Tata Advanced Systems is enhancing the Jaguar Land Rover lineup with futuristic features. On a parallel track, the company is establishing a contemporary defence MRO facility in the vicinity of Bengaluru that will cater to the heavy maintenance needs of transport aircraft. TASL is also highlighting its self-developed loitering munitions and protective armoured solutions.

Continue reading at Economic Times

3h

INDIA MARKET | Tue, 2 Jun 2026, 10:50PM IST Air India building in Nariman point.

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