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'Trade wars have no winners': Xi Jinping on Trump's tariffs; says 'protectionism harms others and oneself'

President Xi Jinping criticized Donald Trump's tariff policies at the China-Central Asia Summit, stating such protectionism harms all parties involved. He emphasized that trade wars produce no winners. While Trump expressed openness to deals and hinted at extending the July 8 deadline, only one trade agreement, with the UK, has been finalized amidst ongoing negotiations with roughly 17 other countries.

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US Stock market today: Wall Street slips on weak industrial output, Israel-Iran conflict fuels oil spike

US stocks experienced a slight dip in early trading due to disappointing retail spending data and escalating geopolitical tensions in the Middle East. The S&P 500, Dow, and Nasdaq all saw declines. European and Asian markets also largely fell, influenced by fears of a broader conflict disrupting global oil flows.

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Sebi bans media guest expert Sanjiv Bhasin, 11 others from securities market for stock manipulation

Sebi has barred Sanjiv Bhasin, ex-director at IIFL Securities, and 11 others from the securities market for share manipulation related to stock recommendations on media channels. They are accused of exploiting their influence to profit from price surges following their recommendations. The regulator has directed them to disgorge ill-gotten gains of Rs 11.37 crore.

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Tier-II slowdown: New housing supply dips 35% in Q4, developers shift focus to premium homes amid funding squeeze

New housing launches in India's top 15 tier-II cities experienced a sharp 35% decline in the January-March quarter, as developers adjusted strategies due to rising costs and selective demand. While most cities saw significant supply cuts, Coimbatore bucked the trend with a doubling of new units.

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India’s first bullet train project gets a boost! Siemens consortium bags contract for ETCS Level 2 signalling; order valued at Rs 4,100 crore

India's ambitious bullet train project connecting Ahmedabad and Mumbai progresses with a significant boost. A Siemens-led consortium secured a ₹4,100 crore contract from NHSRCL to implement advanced signalling and telecom systems.

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Crude oil demand set to decline in 2030: IEA sees first drop since Covid, supply growth to be led by US and Saudi Arabia

The IEA forecasts a slight dip in global oil demand in 2030, marking the first decline since the 2020 Covid shock, driven by slower economic growth, EV adoption, and energy transition efforts. Global oil consumption is projected to peak at 105.6 million bpd in 2029 before decreasing to 105.5 million bpd the following year.

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India’s mutual fund AUM hits record Rs 72.2 lakh crore; retail investors & SIPs drive growth - check details

India's mutual fund industry has witnessed remarkable growth, reaching ₹72.2 lakh crore AUM in May 2025, a 22.5% increase year-on-year. This surge is fueled by increased investor participation, substantial equity inflows, and the rising popularity of SIPs.

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Crude oil demand set to decline in 2030: IEA sees first drop since Covid, supply growth to be led by US and Saudi Arabia

The IEA forecasts a slight dip in global oil demand in 2030, marking the first decline since the 2020 Covid shock, driven by slower economic growth, EV adoption, and energy transition efforts. Global oil consumption is projected to peak at 105.6 million bpd in 2029 before decreasing to 105.5 million bpd the following year.

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Derivatives expiry shuffle gets Sebi nod: NSE to shift to Tuesday, BSE to take Thursday from September 1

The NSE and BSE are set to swap their weekly derivatives expiry days starting September 1, 2025, following Sebi's approval. NSE will shift to Tuesday expiries, while BSE will move to Thursday. This change aligns with Sebi's directive to standardize equity derivatives expiries, avoiding congestion at the week's start or end.

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Gold-silver rate today: Silver hits record Rs 1,07,425/kg on China demand, gold drops Rs 1,200/10g amid profit booking

Silver futures reached a record high, driven by strong global cues and optimism from China's retail data, while gold prices corrected due to profit-taking and easing tensions in West Asia. Silver is consolidating gains with potential to rise further, supported by geopolitical uncertainty and inflationary pressures. Gold prices fell as traders assessed the likelihood of a full-scale regional war.

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BIS push on toy safety: India outpaces global norms, domestic firms gain global traction

India's stringent toy safety standards, enforced since 2021, have demonstrably improved product safety and reduced consumer complaints, according to the Bureau of Indian Standards (BIS). These norms, exceeding global benchmarks, ensure toys are free from hazards and toxic materials.

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Bond boost ahead: RBI to reissue Rs 27,000 crore in securities, 2029 and 2054 maturities part of Centre’s borrowing plan

Reserve Bank of India will reissue government securities for Rs 27,000 crore. This move aims to manage the Centre's market borrowings. The auction is scheduled for June 20. RBI will reissue two tranches of government securities. These include securities maturing in 2029 and 2054. The auction will be conducted through the E-Kuber system.

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Israel-Iran tensions impact: Crude oil climbs over $1 amid geopoliitcal concerns, evacuation fears hit global markets

Global stock markets experienced a downturn, and oil prices surged due to Israel's evacuation warning in Tehran, heightening fears of a broader regional conflict. European and Asian equities declined, while US futures pointed lower amidst investor anxiety. The Bank of Japan acknowledged economic uncertainties, and investors remained watchful of trade tensions and the upcoming US Federal Reserve meeting.

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Betting on gold! Central banks around the world to continue buying gold this year; holdings to see big increase

Central banks worldwide are increasingly favouring gold amid global economic uncertainties, according to a World Gold Council survey. A significant 95% of reserve managers anticipate further growth in central bank gold reserves, the highest since 2019. Emerging markets drive this trend, prioritizing gold for its value preservation and performance during instability.

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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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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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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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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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