Shares of Oil India Ltd. rose from the day’s lows after the state-run explorer reported the presence of natural gas in its third exploratory well drilled in the Andaman offshore basin, marking the second hydrocarbon discovery from its ongoing exploration campaign in the region. In a statement on Friday, June 5, Oil India said natural…
The rupee recorded its strongest single-day rise in more than two months on Friday (June 5), supported by the Reserve Bank of India’s policy decision and fresh measures aimed at boosting foreign capital inflows. The rupee rose 84 paise, or 0.9%, against the US dollar and closed below the 95-per-dollar mark. It also ended at…
Valuation expert Aswath Damodaran has pegged SpaceX’s equity value at roughly $1.3 trillion following a review of the company’s IPO prospectus, a figure that remains well below its implied market valuation of about $1.8 trillion at the offering price. In a detailed post on X, the New York University professor said the prospectus largely confirmed…
The equity benchmark indices ended largely lower after a volatile trading session on Friday (June 5), with the Nifty slipping below the 23,400 mark as weakness in metal and IT stocks weighed on sentiment. The Sensex fell 117 points to close at 74,243, while the Nifty declined 50 points to settle at 23,367. Here are…
Stock Market Investment: NRI (Non-Resident Indian) refers to Indian citizens who live outside India for employment, business, or any other reason. (Representational image/AI) Stock Market Investment, FPI Reforms: For the past several months, foreign investors (FIIs) have been consistently pulling money out of the Indian stock market. This has impacted not only equities but also…
Leading player in the two and three-wheeler segment, TVS Motor Company Ltd, on Friday (June 5) said its motorcycle brand TVS HLX series has crossed 5 million sales globally. The company said the TVS HLX series was first launched in Africa in 2013 and became the first Africa-focused product launched from India. The series includes…
World food prices slipped in May from a revised April level, with vegetable oil prices falling for the first time this year while cereals and sugar jumped, the United Nations Food and Agriculture Organization said on Friday (June 5). The FAO Food Price Index, which measures changes in a basket of globally traded food commodities,…
Written by: Heena Ojha Updated Jun 5, 2026 15:24 IST MOSL further noted that pulses, oilseeds and coarse cereals remain structurally vulnerable due to weak irrigation. (Image: AI generated/ ET Now Digital) Urban consumption is expected to remain resilient and potentially outperform rural demand in FY27, as macro headwinds tied to monsoon uncertainty and rising…
Indian equity markets erased all morning gains, with benchmark Sensex and Nifty closing in the red following RBI’s hawkish stance, with a wait-and-watch approach offsetting the impact from falling oil prices and Treasury bond yields. 30-share BSE Sensex dipped 116.67 points or 0.16 per cent to end at 74,243.34, while NSE Nifty slipped 49.85 points…
That combination, slowing growth alongside persistent inflation, significantly complicates the outlook for policymakers. Cardillo noted that expectations of rate cuts may need to be recalibrated. “That just changes the prospects in terms of any rate cuts on a global basis,” he explained, adding that the European Central Bank could soon turn more hawkish. “It’s very…
