follow us:
Section 301 of the US Trade Act allows Washington to impose tariffs or trade restrictions on countries it considers engaging in unfair practices. India is seeking protection from its potential use amid rising trade tensions. Officials fear punitive measures could impact exports and bilateral relations, making diplomatic engagement crucial to avoid economic disruptions.
Gold prices in Dubai dropped sharply on June 1, with 24-carat falling to Dh541.75 per gram. Other categories also declined as international bullion rates eased due to a stronger US dollar and higher oil prices. Analysts linked the fall to global market uncertainty, while buyers in the UAE welcomed the reduced jewellery costs.
Banks have approved ₹35,000 crore in credit support for MSMEs impacted by disruptions linked to the West Asia crisis. The funding aims to ease liquidity stress, stabilize operations, and protect small businesses facing supply chain and trade challenges. The move is expected to strengthen resilience in vulnerable sectors dependent on exports and imports.
India has tightened solar import rules from June 1 to boost domestic manufacturing and reduce dependence on foreign suppliers. The new regulations are expected to impact solar panel imports, potentially influencing installation costs for consumers. While aimed at strengthening the local renewable energy sector, the move may lead to short-term price adjustments.
Sensex fell 508 points, settling at 74,267.34 and Nifty ended at 23,383 as FMCG, PSU Bank, auto, and realty stocks dragged markets lower. Hindustan Unilever, Shriram Finance, and Tata Consumer were top losers. IT and metal sectors outperformed. Sentiment weakened amid global concerns after US President Trump hinted at ongoing efforts for a possible Iran […]
The Reserve Bank of India is expected to maintain its policy interest rates over the next few quarters, according to a recent report. With inflation showing signs of moderation and growth remaining stable, the central bank is likely to adopt a cautious “wait-and-watch” approach. Markets anticipate no immediate rate cuts in the near term.
Commercial LPG cylinder prices have increased by Rs 42 per 19-kg cylinder, raising costs for restaurants, hotels, and businesses across India. However, domestic LPG cylinder prices remain unchanged, offering relief to household consumers. The latest revision follows regular fuel price reviews and is expected to impact commercial establishments more.
Bank holidays across India in June 2026 include all Sundays, second and fourth Saturdays, along with several regional observances such as Raja Sankranti, Muharram, and Sant Guru Kabir Jayanti. Holiday dates vary from state to state as per RBI guidelines. Customers are advised to check local schedules, while digital banking services will remain available.
Oil prices rose over 2% as Israel expanded its Lebanon offensive, heightening West Asia tensions. US crude reached $89.73, Brent $93.28. Israel’s deeper incursion and Strait of Hormuz concerns pressured supply outlook. Despite weak China data, geopolitical risks and US-Iran tensions, including recent strikes, continue to drive volatility in global energy markets.
The rupee weakened by 9 paise to 94.94 against dollar today as rising tensions between Israel and Lebanon and higher crude oil prices weighed on market sentiment. After opening at 94.93, the rupee slipped further during the early trade session. Despite gaining 73 paise in the previous session, external pressures have once again impacted the […]
India’s digital payments sector continued its expansion in May, with UPI transactions reaching 23.20 billion, marking a 24% year-on-year increase. As per the NPCI, the total transaction value touched ₹29.90 lakh crore, reflecting a 19% annual rise. On average, 748 mn transactions were processed daily, while the daily transaction value stood at ₹96,465 crore.
Indian stock markets began trading on a positive note, tracking gains in global oil prices and optimism over US-Iran peace deal. Sensex surged over 207 points to 74,982, while Nifty climbed 107 points to 23,655 in early trade. Bank Nifty outperformed with a jump of 141 points. Meanwhile, the rupee traded slightly weaker at 94.08 […]
Rising tensions in the Gulf have impacted global oil markets, leading to higher commercial LPG prices. Uncertainty surrounding supply routes has increased import costs as LPG rates continue to climb. LPG availability remains under pressure despite stable crude oil and gas supplies. Authorities have directed companies to maintain adequate reserves.
Here are the prices of 19-kg Commercial LPG cylinders today in cities in India. ★Delhi: ₹3113, ★Gurgaon: ₹3130, ★Kolkata: ₹3255, ★Mumbai: ₹3067, ★Chennai: ₹3283, ★Bangalore: ₹3198, ★Bhubaneswar: ₹3290, ★Chandigarh: ₹3136, ★HYD: ₹3367, ★Jaipur: ₹3141, ★ Lucknow: ₹3236, ★Patna: ₹3400, ★Trivandrum: ₹3152, ★Nagpur: ₹3291, ★Tirupati: ₹3316, and ★Vizag: ₹3198.
A recent analysis highlights that queerphobia and discrimination against LGBTQ and transgender communities in India may have significant economic costs. It argues that excluding these groups limits workforce participation, innovation, and productivity, potentially impacting GDP growth. Experts stress stronger DEI practices could improve social equity.