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Business

Defence stocks rally up to 3% amid Iran-Israel tensions, investors eye sectoral boost, geopolitics fuel long-term export optimism

Defence and aerospace stocks experienced a surge driven by escalating Middle East tensions and anticipated increased defence spending in the upcoming budget. Data Patterns, Bharat Dynamics, BEML, and Hindustan Aeronautics led the gains, reflecting investor confidence in the sector's resilience during geopolitical crises and India's growing indigenous defence manufacturing capabilities. Analysts advise careful financial assessment before investing.

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Business

Traceability trap hits MSMEs: New steel import rule mandates BIS for raw materials, triggering fears of plant shutdowns over compliance cost

India's MSMEs are facing potential supply chain disruptions and factory shutdowns due to a sudden regulatory change by the Ministry of Steel. The new rule mandates Indian Standards compliance and Steel Import Monitoring System registration for raw materials, significantly increasing compliance costs.

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Business

Cheer for passengers! Indian Railways to roll out 50 Namo Bharat AC trains; 100 new MEMUs for short distance travel

Indian Railways is set to enhance short-distance travel by introducing 50 new Namo Bharat trains and 100 Mainline EMUs. Railway Minister Ashwini Vaishnaw announced these additions, with Namo Bharat trains, inspired by Vande Bharat, offering premium travel at speeds up to 130 kmph.

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Business

Hindustan Zinc to invest Rs 12k cr to double capacity; project to be completed in 3 years

Hindustan Zinc Limited (HZL) will invest approximately Rs 12,000 crore to double its zinc, lead, and silver production capacity. This expansion includes establishing a 250 ktpa integrated smelter in Debari, Rajasthan, along with mine expansions. The project, expected to be completed in 36 months, aligns with India's growing economy and aims to enhance self-reliance in zinc production.

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Business

Ahmedabad plane crash: Boeing top official meets Tata Sons chairman Chandrasekaran

Tata Sons chairman N Chandrasekaran and Boeing's Stephanie Pope met at Air India headquarters following the deadly crash of Air India Flight 171 in Ahmedabad, involving a Boeing 787-8 Dreamliner. Chandrasekaran addressed employees, urging resilience and emphasizing the need to build a safer airline after the tragic incident that claimed over 270 lives. Boeing is supporting the investigation.

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Business

Maruti bets on Railways for transport: Vehicle dispatches through trains to rise to 35%

Maruti Suzuki India aims to significantly increase vehicle deliveries via trains to 35% by FY 2030-31, as stated by MD-CEO Hisashi Takeuchi. This expansion is supported by the new in-plant railway siding at Manesar, the largest GatiShakti multi-modal cargo terminal in India. The initiative will reduce carbon emissions and fuel consumption considerably.

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Business

‘Dramatic decline…watch out…’: China’s exports to US dip sharply amid Trump trade war; why India needs to be on the guard

Amidst trade tensions with the US, China has strategically shifted its export focus, increasing shipments to India, the EU, and ASEAN. While China's overall exports saw a moderate rise, exports to the US significantly declined, offset by growth in other markets.

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Business

Gold price prediction today: What will be the impact of Iran-Israel conflict - where are gold rates headed on June 17, 2025 and in the near-term?

Gold price prediction today: Gold prices are fluctuating due to the ongoing Iran-Israel conflict, initially surging before easing on de-escalation hopes. Despite Iran's willingness to negotiate, tensions remain high, influencing market sentiment. Investors are closely monitoring geopolitical developments, US economic data, and central bank decisions for further direction, with potential support and resistance levels identified.

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Business

Iran-Israel conflict: How will blocking of Strait of Hormuz hit India? Indian refiners look at alternative routes for fuel supply

Amid escalating Iran-Israel tensions, India is proactively exploring alternative energy sources, particularly from West Africa, to safeguard its fuel supply. Contingency plans are being formulated due to potential disruptions in the Strait of Hormuz, a critical global energy transit point. While India possesses significant storage capacity, concerns remain about potential price spikes and supply crunches affecting the global market.

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Business

Stock market today: Nifty50 above 24,900; BSE Sensex opens on a choppy note

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened on a choppy note on Tuesday. While Nifty50 was above 24,900, BSE Sensex was near 81,750.

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Business

Meesho to pay $288 million tax to come back

Meesho has received approval from the NCLT to move its domicile from the US back to India, a process involving the demerger of its Indian operations from its US parent. This reverse flipping allows Meesho to align its corporate structure with its primarily India-based business.

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Business

Reliance Industries sells 0.9% in Asian Paints for Rs 1,876 crore

Siddhant Commercials, a Reliance Industries group entity, divested 85 lakh Asian Paints shares for approximately Rs 1,876 crore via a block deal on the NSE, with ICICI Prudential Mutual Fund acquiring the entire stake.

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Business

Wholesale inflation eases to 14-month low

India's wholesale price inflation hit a 14-month low of 0.4% in May, driven by cheaper food, fuel, and metals, according to commerce ministry data. Vegetable prices significantly declined, with notable drops in onion, tomato, and potato costs. Experts, however, caution that geopolitical tensions could impact crude oil prices, potentially affecting the overall price situation in the coming months.

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Business

Meta names Srinivas as India MD, head

Meta has appointed Arun Srinivas as the managing director and head of its India operations, effective July 1, 2025. He succeeds Sandhya Devanathan, who now oversees India and Southeast Asia. Srinivas will be responsible for aligning business, innovation, and revenue strategies for Meta in India, reporting to Devanathan.

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Business

West Asia unrest: Government to meet stakeholders

The government is convening a meeting with shipping lines and container firms to evaluate the impact of the escalating conflict in West Asia on India's trade. Concerns include potential increases in shipping rates, longer routes for vessels, and higher insurance premiums.

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Business

Zee to raise Rs 2,200 crore from promoter group entities

Zee Entertainment Enterprises will raise Rs 2,237 crore from its promoters through convertible warrants to bolster growth plans after the failed Sony merger. This infusion will significantly increase the Subhash Chandra family's stake in Zee to 18.39%. The company aims to stabilize operations, invest in digital growth, and build its core business, with shareholder approval sought on July 10.

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Business

TCS deployment policy: 225 billing days mandatory, bench time capped at 35 days

TCS has updated its associate deployment policy, mandating employees to be billable for 225 days annually and limiting bench time to 35 days. The policy emphasizes proactive engagement from associates in seeking project allocations and continuous upskilling through TCS platforms. Failure to meet allocation targets may impact compensation, career growth, and future opportunities.

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Business

Goods exports shrink, trade deficit narrows

India's goods exports experienced a slight contraction of 2.3% in May, mirroring a 2.8% dip in imports, leading to a reduced trade deficit of $21.9 billion. The decline in exports was primarily driven by falling oil prices, impacting petroleum product shipments, while imports decreased due to lower gold and crude oil prices.

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