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...
Category: Business
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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,...
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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,...
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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...
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Gautam Adani Becomes Asia’s Richest Person with $89.2 Billion Net Worth
Gautam Adani’s net worth reached $89.2 billion. Adani overtook Mukesh Ambani and Masayoshi Son to become Asia’s richest person. Strong gains in Adani Group stocks boosted his wealth. Combined valuation of six major Adani firms stands at about $191 billion. Adani’s fortune increased by nearly $10 billion recently. Adani Group is expanding investments in energy,...
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India’s Economy Grows 7.7% in FY26, 7.8% in Q4; Beats Estimates Despite Global Turmoil
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...
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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...
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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...
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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...
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‘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...