Oil prices continued to decline on Thursday, 25 June, moving closer to levels seen before the conflict, as tankers stranded near the Strait of Hormuz resumed transit following an initial agreement to end the US-Israeli conflict with Iran, reducing fears of supply disruptions. Brent crude futures for August delivery were down 40 cents, or 0.54%, at $73.34 per barrel, while US...
Business
Banks raise ₹1 trillion through CDs in June as deposit growth lags
Banks raised more than Rs 1 trillion through certificates of deposit (CDs) in the fortnightended June 15, the highest since the March 31 fortnight, when mobilisation usually risesdue to year-end funding requirements.
From CRED founder to WhatsApp CEO, the meteoric rise of Kunal Shah
CRED founder Kunal Shah is all set to join Meta to lead WhatsApp at the global level. According to the reports, Meta is investing USD 900 million (approximately Rs 8,550 crore) in CRED. Shah announced on Monday that he is stepping down from his operational role as CEO of the fintech company. The announcement comes alongside Meta’s USD 900 million investment in...
Ambani outlines RIL’s growth drivers- Jio IPO, AI and New Energy key focus areas
Reliance Industries’ 49th Annual General Meeting has begun. Chairman Mukesh Ambani highlighted that “Jio Platforms has approved its DRHP, and it will be filed with SEBI today.” This is a deeply emotional moment for me, for the entire Reliance Family, and millions of its shareholders. The relationship Reliance shares with its shareholders is a deep and sacred relationship founded on pride, trust, respect,...
Rupee appreciates for 3rd straight day on easing West Asia tensions
The rupee appreciated for the third straight session on Tuesday to close 5 paise higher at 94.53 (provisional) against the US dollar, supported by easing West Asia tensions and extended fall in crude oil prices. Forex traders said that with the reported de-escalation of the US-Iran conflict and diplomatic agreements regarding the Strait of Hormuz, the immediate threat to global...
Reliance Jio IPO: $4 bn DRHP filing likely before RIL AGM on June 19
Reliance Jio Infocomm could file draft papers for its expected $4 billion initial public offering (IPO) within days and just before Reliance Industries Ltd (RIL) chairman Mukesh Ambani’s annual speech to shareholders on Friday, the Financial Times (FT) reported on Wednesday, citing sources. The FT said Ambani had told shareholders last year that the telecom company’s IPO would come in...
₹ hits five-week high after oil plunges; traders eye further rally
The Indian rupee rose against the U.S. dollar for a second straight session on Monday, as oil prices plunged following the U.S.-Iran preliminary agreement to end their conflict and reopen the crucial Strait of Hormuz. The announcement added to the strength that the currency built after the Reserve Bank of India’s measures to attract dollars into the economy on June 5, when...
Vedanta demerger: Four new companies to debut on BSE, NSE on June 15
The long-awaited listing of the Vedanta Group’s four demerged companies will finally take place on Monday, marking the completion of billionaire Anil Agarwal-led Vedanta’s ambitious restructuring exercise. The demerger, which became effective on May 1 after receiving approval from the National Company Law Tribunal (NCLT), will see shareholders of Vedanta receive shares in four newly created companies while retaining their...
Sensex jumps 1,695 points, Nifty rises 2% propelled by global rally as U.S. ends war with Iran
Benchmark indices ended sharply higher on Friday (June 12, 2026), with the Sensex climbing 1,695.40 points and the Nifty surging nearly 2 per cent, in tandem with a rally in global markets and a decline in crude oil prices after U.S. President Donald Trump declared that his country has ended the war with Iran. The 50-share NSE Nifty ended sharply...
SpaceX IPO makes Elon Musk the world’s first trillionaire
Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has made him the world’s first trillionaire. At a time when concerns about inequality are high and public attitudes toward the ultra-wealthy have soured, opens new tab, Musk has managed to retain...
Govt waives excise duty on petrol with higher levels of ethanol
India, the world’s third-largest oil importer and consumer, has abolished excise duty on petrol blended with higher levels of ethanol, according to a government notification issued on Thursday. Petrol containing 22 to 30 per cent ethanol will now be exempt from excise duty. This means the exemption will be applied on blends known as E22, E25, E27, and E30. India...
Apple unveils Siri AI, Gemini-powered Apple Intelligence
Apple kicked off its Worldwide Developers Conference (WWDC) 2026 on June 8 with a broad set of announcements spanning artificial intelligence, platform updates, and system-level improvements. At the centre of the keynote was a complete overhaul of its AI strategy, with Apple introducing a new version of Siri powered by an updated Apple Intelligence architecture developed in collaboration with Google’s...