Business
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Vedanta Aluminium falls, Oil and Gas hits lower circuit
MoneycontrolArchived
Moneycontrol reported that Vedanta group's demerged entities traded mixed on debut, with Vedanta Aluminium Metal down 4.7% from its listing price and Vedanta Oil and Gas hitting its 5% lower circuit. Vedanta Iron and Steel rose 5.3%.
Sensex jumps over 1,100 points as oil falls
NDTVArchived
NDTV reported that Indian benchmarks opened sharply higher after Trump said the US had completed an agreement with Iran to reopen the Strait of Hormuz. At 11 am, Nifty was up 357.35 points at 23,980.25 and Sensex rose 1,207.78 points to 76,735.73.
Tata Trusts to spend Rs 2,000 crore this fiscal
The Indian ExpressArchived
The Indian Express reported that Tata Trusts CEO Siddharth Sharma said philanthropic spending will rise to Rs 2,000 crore this year from about Rs 1,600 crore last year. Upcoming projects include a world-class undergraduate university and advanced medical centres.
India restricts seafarer deployment to conflict zones
Times of IndiaArchived
Times of India reported that the Directorate General of Shipping advised maritime recruitment and placement agencies to restrict deployment of Indian seafarers to conflict areas until further orders. The advisory follows security incidents involving Indian crew in the Gulf region
Goyal invites French firms to manufacture in India
Times of IndiaArchived
Times of India reported that Commerce Minister Piyush Goyal invited French companies to invest, design, innovate and manufacture in India at the Bharat Innovates event in Nice. He pitched India as a trusted partner offering scale, talent, innovation and a large domestic market.
Delhi power bills to include monthly PPAC charge
NDTV ProfitArchived
NDTV Profit reported that DERC allowed Delhi's three power distribution companies to recover Power Purchase Adjustment Charge for April 2026. This is the first time Delhi's PPAC levy will be imposed monthly rather than quarterly.
SpaceX jumps after record $75 billion IPO
NDTV ProfitArchived
NDTV Profit reported that SpaceX shares climbed in their first day of trading after a record $75 billion IPO. The stock rose as high as $176.52, about 31 percent above its offering price, sending the company's market value above $2 trillion.
Nestle India rejects Maggi infestation allegations
ReutersArchived
Reuters reported that Nestle India rejected allegations of infestation in Maggi noodles after regulatory scrutiny linked to social media complaints. The company said the claims came from an unverified account and that it had not received the complaint sample for examination.Adobe, Rocket Lab, AMD and Carnival move premarket
CNBCArchived
CNBC listed Adobe, Rocket Lab, AMD and Carnival among stocks making notable premarket moves. Adobe was under pressure despite an earnings beat after CFO Dan Durn's departure and concerns over near-term ARR guidance, while Rocket Lab drew attention after news it would join the Nas
Sensex jumps 1,695 points on global rally
The HinduArchived
The Hindu reported that the Sensex climbed 1,695.40 points to 75,527.95 and the Nifty rose 461.30 points to 23,622.90. The rally followed stronger global markets and lower crude prices after Trump said the US had ended the war with Iran.
Retail inflation rises to 3.93 percent in May
The Telegraph IndiaArchived
The Telegraph reported that India's retail inflation rose to 3.93 percent in May from 3.48 percent in April, driven by higher food prices and fuel-related input pressures. Food basket inflation increased to 4.78 percent from 4.2 percent.
Government bars bulk fuel buying at petrol pumps
The HinduArchived
The Hindu reported that the government barred industrial, commercial and institutional consumers from buying petrol and diesel at retail outlets. Such users must source fuel from dedicated bulk sale channels, and pumps cannot dispense more than 200 litres of diesel per day to a c
CEA says worst may be behind India on Iran shock
NDTVArchived
NDTV reported that Chief Economic Adviser V Anantha Nageswaran said the worst may be behind India in terms of the US-Iran conflict's economic impact. He cited strong domestic demand and a likely 12 percent nominal GDP growth rate as reasons for relative calm.
Musk becomes world's first trillionaire
India TodayArchived
India Today reported that Elon Musk became the world's first trillionaire after SpaceX's record IPO lifted the value of his holdings. The milestone pushed his fortune past Taiwan's economy and widened the gap with other billionaires.
CBI finds no corruption evidence in Nirav Modi case
NDTV ProfitArchived
NDTV Profit reported that the CBI found no evidence of corruption in a Nirav Modi-related case and transferred the matter to a magistrate. The development suggests the case may proceed on a different legal footing after the agency's findings.)
Birla says Vodafone Idea at inflection point
Business StandardArchived
Business Standard reported that Kumar Mangalam Birla said Vodafone Idea is at an inflection point and better days are ahead. The statement comes as the telecom operator continues efforts to stabilise operations, compete with larger rivals and improve its financial position.
West Asia crisis may delay 5.4 lakh homes
The New Indian ExpressArchived
The New Indian Express reported that lingering West Asia tensions may affect delivery of 5.4 lakh homes in India, citing Anarock. The concern is that prolonged conflict can disrupt input costs, supply chains, financing conditions and buyer sentiment in real estate.
Bank of Baroda launches FCNR-B scheme for NRIs
The HinduArchived
The Hindu reported that Bank of Baroda launched a new FCNR-B deposit scheme for non-resident Indians. FCNR-B deposits allow NRIs to hold fixed deposits in foreign currency with Indian banks, helping avoid rupee exchange-rate exposure on the deposit principal and interest.
ECB filings fall 30 percent in April
NDTV ProfitArchived
External commercial borrowing proposals by Indian companies and NBFCs fell over 30 percent to $3.77 billion in April 2026 from $5.43 billion in March, according to RBI data. The decline came amid the ongoing conflict in West Asia.
Eight PSU banks add 13,223 employees in FY26
NDTV ProfitArchived
Eight public sector banks added 13,223 employees in FY26, raising combined staff strength to 6,28,203 from 6,14,980 a year earlier. State Bank of India led the hiring surge, accounting for 8,905 additions.
India targets $100 billion textile exports
NDTV ProfitArchived
Union Textiles Minister Giriraj Singh said India is preparing a strategy focused on 15 high-income countries to raise textile exports from $37 billion to $100 billion. The government also aims to double India's textile market from Rs 16.5 lakh crore to Rs 33 lakh crore.
SEBI targets stock price gaps across exchanges
NDTV ProfitArchived
SEBI proposed a mechanism to prevent the same stock from trading at widely different prices across exchanges. The proposal focuses on illiquid shares where one exchange may have no trades while another has active movement, leaving circuit limits and prices misaligned.
SpaceX popularity surges before record IPO
NDTV ProfitArchived
A Reuters/Ipsos poll found 84 percent of Americans are aware of SpaceX ahead of its expected record public listing, putting it near Boeing-level recognition and ahead of many legacy aerospace names. Nearly 29 percent of respondents said they would probably buy SpaceX stock if ava
FPI selling crosses Rs 60,000 crore in June
NDTV ProfitArchived
Foreign portfolio investor outflows from Indian markets crossed Rs 60,000 crore in June so far, according to NDTV Profit. The selling came while domestic institutional investors remained net buyers, helping cushion some pressure from foreign exits.
CBI gets custody of Amitabh Jhunjhunwala
NDTV ProfitArchived
A special court remanded Amitabh Jhunjhunwala, former Managing Director of the Anil Dhirubhai Ambani Group, in CBI custody till June 12 in an alleged bank fraud case involving Reliance Commercial Finance Limited. He was already in judicial custody in a separate Reliance Communica
Nifty faces key hurdle at 23,350
NDTV ProfitArchived
NDTV Profit's trade setup for June 11 said the Nifty faces a key hurdle around 23,350 amid renewed threats linked to the Iran war. The setup pointed to geopolitical risk as a factor traders would watch alongside index levels and market breadth.
Tata Consumer targets over 20 percent Ebitda margin
NDTV ProfitArchived
Tata Consumer Products will pursue a mix of volume-led growth and selective price increases while aiming for an Ebitda margin above 20 percent over time, Chairman N Chandrasekaran told shareholders. The company is currently operating around 14 percent Ebitda margin.
SEBI may ease AMC pay disclosure rules
NDTV ProfitArchived
SEBI proposed easing executive remuneration disclosure norms for asset management companies by replacing individual name-wise disclosures with consolidated category-level disclosures. The regulator has sought public comments on the proposal until June 30.
NaBFID explores five-year dollar loan
NDTV ProfitArchived
India's National Bank for Financing Infrastructure and Development is in talks with banks to raise funds through a five-year dollar loan after the RBI introduced measures to encourage foreign currency inflows. Managing Director Rajkiran Rai said the lender is studying the special
RBI allows bank lending only to listed REITs
NDTV ProfitArchived
The RBI issued final directions allowing banks to lend only to SEBI-registered REITs listed on recognised stock exchanges. The rules also require banks to adopt board-approved policies covering credit appraisal, sanctioning, underwriting, risk management and monitoring.
Government extends microfinance guarantee scheme
NDTV ProfitArchived
The government extended the Credit Guarantee Scheme for Microfinance Institutions 2.0 until August 31, 2026 or until guarantees worth Rs 20,000 crore are issued, whichever comes first. The scheme supports lending by banks and financial institutions to NBFC-MFIs for onward lending
SpaceX IPO demand tops $250 billion
NDTV ProfitArchived
SpaceX has reportedly attracted more than $250 billion in investor demand for its initial public offering, far above the $75 billion it aims to raise. The issue has been subscribed about four times, with Saudi and Kuwaiti wealth funds reportedly placing orders between $1 billion
India's outward FDI commitments fall to $4.49 billion
NDTV ProfitArchived
India's outward foreign direct investment commitments fell 49.02 percent month-on-month to $4.49 billion in May 2026 from $8.84 billion in April, according to RBI data. The decline was driven by lower equity investments, loans and guarantees by Indian companies overseas.
Zee approves minimum Rs 2,300 crore fundraise
NDTV ProfitArchived
Zee Entertainment's board approved raising at least Rs 2,300 crore in one or more phases to fund strategic and business initiatives. The company said the board will deliberate further on the options for raising funds, according to an exchange filing.
US inflation rises to three-year high
NDTV ProfitArchived
US inflation accelerated in May as the Iran war pushed up energy prices, with the consumer price index climbing 4.2 percent from a year earlier. Core CPI, excluding food and energy, rose 0.2 percent from April and 2.9 percent from a year earlier, slightly softer than monthly expe
Anil Ambani gets interim protection in tax case
NDTV ProfitArchived
The Bombay High Court granted Anil Ambani interim protection from prosecution and penalty in an alleged tax evasion case under the Black Money Act. The court admitted his petition challenging the constitutional validity of provisions of the 2015 law and directed the Union governm
India gets preferential US tariff access
NDTV ProfitArchived
A senior commerce ministry official said India will gain preferential access to the US market under the India-US Bilateral Trade Agreement. The deal sets a bilateral trade target of about Rs 48 lakh crore and includes tariff reductions under the 2026 framework.
TCS says no further layoffs planned
NDTV ProfitArchived
TCS Chairman N Chandrasekaran told shareholders at the company's 31st Annual General Meeting that no further workforce downsizing is planned, despite faster adoption of artificial intelligence. His comments followed last year's restructuring, which eliminated around 12,000 jobs.FPIs sell Rs 4,566 crore in Indian equities
NDTV ProfitArchived
Foreign Portfolio Investors remained net sellers of Indian equities for the tenth consecutive day, offloading shares worth Rs 4,566.03 crore on Tuesday. Domestic Institutional Investors stayed net buyers, purchasing equities worth nearly Rs 6,159.48 crore. NDTV Profit reported FP
Starlink India launch frozen over security concerns
NDTV ProfitArchived
India has effectively frozen approvals for Starlink to begin commercial operations because of concerns over satellite terminal use during the Iran conflict, Bloomberg reported through NDTV Profit. Security agencies under the Ministry of Home Affairs have withheld final clearances
Bombay HC denies gag order against HDFC Bank
NDTV ProfitArchived
Lilavati Kirtilal Mehta Trust filed a Rs 1,000 crore defamation suit against HDFC Bank and CEO Sashidhar Jagdishan, alleging damaging statements about dues and litigation. The Bombay High Court refused interim restraint, holding that the bank’s statements were backed by material
Bombay HC sets aside Bharti Hexacom spectrum demand
NDTV ProfitArchived
Bharti Hexacom received relief after the Bombay High Court set aside a Rs 473.7 crore one-time spectrum charge demand raised by the Department of Telecommunications. The relief formed part of a wider judgment favouring Bharti Airtel and Vodafone Idea against retrospective charges
Government targets Rs 80,000 crore capital receipts
NDTV ProfitArchived
Government sources told NDTV Profit that IDBI Bank’s strategic disinvestment remains active and that FY27 asset monetisation could exceed the Rs 80,000 crore target under Miscellaneous Capital Receipts. The estimate includes strategic disinvestments and wider monetisation initiat
Fertiliser subsidy bill may cross Rs 3 lakh crore
NDTV ProfitArchived
The Ministry of Fertilisers has sought full subsidy support estimated around Rs 3 lakh crore amid concerns that West Asia disruptions could raise global fertiliser prices. Budget 2026-27 had allocated Rs 1.71 lakh crore for fertiliser subsidy, but officials warned the requirement
India renews Bloomberg Global Aggregate bond push
NDTV ProfitArchived
The Government of India and the RBI made fresh efforts to support eventual inclusion of Indian government bonds in Bloomberg’s Global Aggregate Index, sources told NDTV Profit. Inclusion could unlock passive foreign investment flows into India’s debt market. Bloomberg deferred a
Eurozone fuel sales post sharp slump amid Hormuz disruption
NDTV ProfitArchived
Fuel sales across Eurozone countries fell sharply as higher energy prices linked to the West Asia conflict weighed on consumers and businesses. Eurostat data cited by NDTV Profit showed vehicle fuel sales in the eurozone dropped 3.5% in April from a year earlier.
Zepto files updated DRHP for nearly Rs 10,000 crore IPO
NDTV ProfitArchived
Zepto filed an updated draft red herring prospectus for its much-awaited IPO, which includes a fresh issue of Rs 8,010 crore and an offer for sale of up to 11.3 crore shares. The company may also raise up to Rs 1,602 crore in a pre-IPO placement.
Rupee falls 56 paise to 95.74 against US dollar
NDTV ProfitArchived
The rupee depreciated 56 paise to settle provisionally at 95.74 against the US dollar on Monday. Elevated crude oil prices, dollar strength and risk aversion linked to escalating West Asia tensions pressured the currency.
Tata Mutual Fund curbs large inflows into gold ETFs
NDTV ProfitArchived
Tata Mutual Fund imposed fresh restrictions on large investments into its gold ETF offerings amid a record surge in demand. Gold ETF net inflows rose 364% year-on-year to Rs 68,867 crore in FY26 as investors sought diversification during volatile markets.
Air India grounds three aircraft after Delhi airport weather damage
NDTV ProfitArchived
Air India grounded three Airbus A320 aircraft after severe weather at Delhi's IGI Airport caused ground support equipment and debris to strike parked planes. The DGCA said the incident occurred around 4:30 pm on June 7 and has launched an investigation.