India’s economy grew 7.7 per cent in the financial year 2025-26, accelerating from 7.1 per cent in the previous year, beating estimates despite global uncertainties, according to the latest official data released on Friday, June 6, 2026. In the January-March quarter (Q4FY26), the Indian economy expanded 7.8 per cent year-on-year, higher than the 7.0 per cent growth recorded in the...
Business
Gold, silver: Prices fell slightly across major metros
Gold and silver prices in India on June 5, 2026, fell slightly across major cities, as global markets reacted to geopolitical tensions in West Asia and mixed signals from the US dollar. Precious metals, which are traditionally considered safe-haven assets, have not shown sharp upside, indicating cautious investor sentiment and stable domestic demand. As per the latest retail market rates, 24-carat...
Govt unveils ₹10K cr fund to shield airlines from fuel price spike
The Union Cabinet on Wednesday approved a one-time price stabilisation fund of ₹10,000 crore to help Indian airlines manage soaring aviation turbine fuel (ATF) prices amid the ongoing West Asia conflict. The support will be provided to oil-marketing companies (OMCs) in the form of interest-free advances through the Ministry of Petroleum and Natural Gas. The OMCs, in turn, will use...
Oil Prices Climb as U.S. Strikes Tanker and Downs Iranian Drones
Oil prices rose in early Asian trade on Wednesday after yet another escalation in the Middle East, with Iran firing missiles at Kuwait and Bahrain, and the U.S. firing on and disabling an oil tanker heading toward Iran. At the time of writing, Brent front-month futures had climbed 1.09% to trade at $97.05 per barrel, while West Texas Intermediate had risen 1.19% to $94.88...
‘You’re crazy’: Trump erupts at Netanyahu in expletive-filled call over Lebanon escalation
In what is being described as one of the most contentious exchanges between the two leaders since Trump returned to office, the US President reportedly unleashed a profanity-laced tirade at Israeli Prime Minister Benjamin Netanyahu in a phone call, accusing him of reckless military escalation in Lebanon and threatening to unravel Washington’s sensitive negotiations with Iran. The confrontation, reported by...
Noel Tata flags unresolved issues; Tata Sons chairman reappointment on hold
Mumbai: Tata Trusts chairman Noel Tata conveyed to Tata Sons board after the meeting last week that several key issues remained unresolved, rendering any formal discussion on the reappointment of the holding company’s chairman N Chandrasekaran premature, said people familiar with the matter.
Oil Prices Suffer Biggest Weekly Collapse in Two Months
ICE Brent is set to post its largest weekly loss in two months, dropping by almost 10%, as media reports present a 60-day extension of the current ceasefire and a temporary Hormuz navigation deal as close to being a done deal. Whether US President Trump and Iran’s Supreme Leader Khamenei agree to the deal or not, Brent at $92 per...
Byju Raveendran sentenced to six months in jail by Singapore court
Byju Raveendran, founder of embattled edtech company Byju’s, has been sentenced to six months in jail by a Singapore court for contempt of court, reported Bloomberg. The dramatic fall of one of India’s biggest startup success stories took another sharp turn. The court reportedly found that Raveendran repeatedly violated multiple court orders linked to his assets dating back to April...
SpaceX unveils blockbuster IPO filing, eyes record $1.75 trillion valuation
Elon Musk’s rocket and satellite company SpaceX unveiled its long-awaited initial public offering filing, opening its books to investors for the first time and setting the stage for what could become the largest and most consequential stock market debut in US history. The listing could value the company at as much as $1.75 trillion, instantly making SpaceX one of the...
Crude oil dips for second day as Trump says Iran war could end ‘very quickly
Oil prices edged lower for a second session in a row on Wednesday after U.S. President Donald Trump reiterated that the conflict with Iran would end “very quickly”. However, markets remained cautious as uncertainty persisted over peace negotiations and ongoing disruptions to Middle East oil supplies.
Oil touches 2-week high after drone attack on UAE nuclear power plant
Oil prices extended gains on Monday as efforts to end the US-Israeli war on Iran appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as US President Donald Trump is expected to discuss military options on Iran. Brent crude futures climbed $1.44, or 1.32%, to $110.70 a barrel by 2337 GMT...
Gold imports capped at 100 kg per licence
The government on Thursday restricted the import of gold under advance authorisation to 100 kg per licence, the Directorate General of Foreign Trade (DGFT) said in a notice. Importers will have to fulfil 50 per cent of the committed export obligation under a licence before issuance of a subsequent advance authorisation, according to the notice. Regional authorities will also undertake...