HUL shares surge 3% on strong quarterly earnings. Key brokerages maintain estimates, with Nomura raising target price to Rs 2,650 and Motilal Oswal maintaining 'Buy' rating. Consolidated like-for-like sales and volume growth exceed estimates, driven by market development initiatives and omnichannel strategies. Company remains focused on topline growth and has unveiled 'Unified India' strategy.
Nithin Kamath, CEO of Zerodha, commends India's market infrastructure for its transparency and safety, in contrast to the US. This comes as Elon Musk's SpaceX makes history with a record-breaking IPO, making Musk the first trillionaire. Kamath's post also emphasizes India's regulations for stabilizing prices and safeguarding retail investors.
"Summer travel has been highly anticipated, but geopolitical uncertainty has affected popular destinations. Indian Rupee's strength has increased options for travellers. Kyrgyzstan, Georgia, and Laos are budget-friendly options with e-visas and affordable accommodations. Central Asia and Southeast Asia are becoming popular for unique experiences. Flights from India range from Rs 14,000-30,000."
American Airlines Flight AA735 bound for Charlotte Douglas International Airport from London's Heathrow Airport was forced to turn back after being struck by lightning. The pilots declared a general emergency and the plane safely landed back at Heathrow. The incident caused delays and mandatory post-strike checks for the jet. Lightning strikes are not uncommon for commercial planes.
Delhi man finally refunded Rs 80,000 lost in unauthorised transactions after 10 months and legal intervention. SBI ordered to pay Rs 15,000 fine for delay and deficiency in service. Complaint filed after card got stuck in ATM, leading to multiple unauthorised transactions.
A telecom tower and equipment have gone missing in Buxar, Bihar, prompting a police investigation. This case is reminiscent of other instances where public assets, such as a bridge and railway parts, were illegally dismantled or stolen. The scale of the theft and involvement of large structures make these cases stand out. Authorities are still investigating the cause of these unusual incidents.
SpaceX's IPO on Nasdaq, praised by Kotak Mahindra Bank's founder, priced 556 million shares at $135 each, raising $75 billion and making it the largest IPO in stock market history. With a $2 trillion valuation, Elon Musk is now the world's first trillionaire, but there are debates about its accuracy.
Turkish Airlines plane crashes into radar mast at Antalya Airport, causing panic among passengers. Shocking visuals of the aftermath show a gaping hole in the jet's exterior and damage to the right wing. The incident occurred after the plane landed and entered the wrong taxiway. Three passengers sustained minor injuries and all 267 passengers were safely evacuated.
An Indian Air Force AN-32 transport aircraft caught fire after landing at Jorhat Air Force Station in Assam. Emergency response teams and fire tenders are on-site, but there is no official information on casualties, damage, or the cause of the accident. Firefighting operations are currently underway. This is a developing story with updates to come.
Mamata Banerjee is facing multiple challenges as the BJP-led government launches a new investigation into an advertising company allegedly linked to her. The company is under scrutiny for suspicious transactions of Rs 635 crore, and Banerjee is also facing legal scrutiny and internal rebellion within her party.
Tamil Nadu consumer commission orders skincare clinic to refund and pay compensation to woman for severe acne and facial damage. Andhra Pradesh commission also directs retailer to refund excess charges and pay compensation for violating consumer protections.
Indian cricketer Rohit Sharma has become an investor and equity partner in fitness startup FITTR, reflecting a strong alignment between his values and the company's outlook. The founder and CEO welcomed the partnership, emphasizing Rohit's high-profile influence.
India's DigiDukaan push aims to digitize 1.4 crore kirana stores and integrate them into formal digital supply chains. The DPIIT, ONDC, and CPG Roundtable are collaborating to bring millions of neighborhood shops online with digital tools for ordering, inventory visibility, and working-capital optimization.
Delta Air Lines flight diverted to Charlotte Douglas International Airport due to reported mystery odor in cockpit. 187 passengers and 6 crew members on board. Smoke detected in cockpit, emergency oxygen masks deployed. Plane landed safely, passengers provided with accommodations. Investigation ongoing.
Police have filed an FIR against three individuals, including two TCS employees, for the death of a 48-year-old employee in Pune. The complaint, filed by the deceased's son, alleges abetment of suicide. TCS expressed condolences and is cooperating with authorities, investigating the allegations against the two employees.
Swapan Dasgupta, a former columnist and public intellectual, has been elected as the Finance Minister of West Bengal. He plans to revive the state's economy through financial discipline, investment, and institutional support, but the success of his policies depends on big-ticket private investment. His family's business background adds an interesting aspect to his new role.
Green SM, a new electric taxi service by Vingroup, provides affordable rides with a 400 km range. Its neon cyan color sets it apart from other taxi services like Uber and Ola. The spacious VinFast VF MPV 7 offers a smooth ride but lacks some features. It's a comfortable and eco-friendly option for anyone seeking a unique taxi experience.
TVS Motor Company is introducing the Norton Atlas and Atlas GT adventure-touring motorcycles in India, manufactured in their Hosur plant to avoid high import taxes. Priced at Rs 6 lakh, the bikes will rival the Kawasaki Versys 650 and boast a 585cc engine, steel trellis frame, and advanced electronics. The Atlas is ideal for off-road adventures, while the Atlas GT is perfect for road touring.
Dhan and Samco Securities have introduced global investment options for Indian investors through the Gift City route. Dhan's Micro-Investing Strategy offers access to US stocks and ETFs with no account maintenance or custody fees, while Samco's Quantitative Edge provides research, investment recommendations, and portfolio monitoring for over 700 global securities.
In April, equity fundraising in India increased by 220% despite geopolitical uncertainty and a slowdown in the primary market. Private capital fundraising also saw significant growth. However, the debt market declined by 67% and the stock market partially recovered with Nifty 50 and Sensex gaining 6% each. The power, realty, and media sectors saw the highest gains in the stock market.
"Global equity indices rally on US-Iran deal hopes, G7 meeting next week. Brent crude prices drop by 5.1%, Indian benchmark indices surge with Sensex gaining 1,695.40 points and Nifty jumping 461.30 points. Investors gain Rs 9.7 lakh crore in notional wealth. Banking sector performs well on expectations of conflict resolution.
NCLT rejects insolvency petition against NMRC filed by ETSL due to pre-existing dispute. Tribunal cites Supreme Court ruling and notes genuine dispute prior to demand notice as reason for dismissal. Case pertains to agreement for bus services in Noida, Greater Noida, and connectivity routes. NMRC argues no payment default and alleges multiple breaches by ETSL.
The rupee gained 64 paise against the dollar due to a potential US-Iran peace deal, which lowered oil prices to under $90 per barrel. Positive developments in the equity market also contributed to the rupee's rise. Experts believe that the rupee will continue to strengthen in the coming days, fueled by falling oil prices and the expected signing of the peace deal.
The investigation into the deadly crash of Air India Flight AI171, which claimed 260 lives, is ongoing and making progress. The cause is still being determined, with competing theories emerging. The AAIB is cautioning against premature conclusions and is committed to an independent and evidence-based investigation into the first fatal accident involving a Boeing 787 Dreamliner.
NPPA relaxed price control rules for essential cancer drugs and vaccines, citing supply chain disruptions and raw material price hikes. It allowed a one-time 50% increase in ceiling prices for two cancer drugs and 50% increase for anti-tetanus immunoglobulin injections. The regulator also addressed Serum Institute of India's concerns over price fixing methodology for certain vaccines.
IMD has confirmed El Nino conditions in the Pacific Ocean which are expected to intensify during the monsoon season. The sea surface temperatures have already surpassed the threshold in June 2026. This phenomenon is linked to a weaker monsoon, higher temperatures, and a decline in crop production.
Food inflation in India spiked to 4.78% in May, the highest in 16 months, driven by rising prices of tomatoes and ginger. Experts warn that below-normal monsoon rains could worsen the situation. The Ministry of Statistics and Programme Implementation has revised the base year for CPI, leading to a decrease in the weightage of food and beverages in the index.
A 40-ft-tall inflatable effigy of Elon Musk appeared in Times Square, displaying controversial messages about his AI company, Grok. The stunt, claimed by Safe AI Now, aimed to hold SpaceX shareholders accountable for lawsuits and fines related to Grok's facilitation of explicit images. The effigy also highlighted the acquisition of Grok by SpaceX and the scandal of AI-generated photos.
Investors can save on capital gains tax by investing in specified bonds within six months of selling a flat. These bonds have a lock-in period of five years and any violation of conditions will lead to exemption withdrawal. Losses from F&O trading can be offset against other business income and carried forward for up to eight years.
NPS Vatsalya, designed for minors by Amit H L, offers market-linked investing and long-term compounding. Recent changes have made it more flexible, allowing partial withdrawals, seamless transition to regular NPS account after 21, and annuity purchase. A parent can use it to fund milestones and create long-term wealth.
Taxpayers filing income tax returns for AY 2026-27 must accurately report capital gains to avoid interest penalties. Salaried taxpayers can file ITR-1 if gains are within Rs 1.25 lakh. ITR-2 or ITR-3 must be filed for other cases. Determining transfer date and allocating gains to the relevant period is crucial to avoid penalties.
Youth-led political movements, such as the Cockroach Janta Party (CJP), are on the rise in India, reflecting a recurring generational cycle. Andhra Pradesh Deputy Chief Minister Pawan Kalyan emphasizes the need to understand the underlying reasons for youth frustration and not dismiss it. He sees the CJP as a symbol of the younger generation's desire to redefine politics and society.
The government's revision of royalty rates for upstream oil production has raised concerns for Oil India, whose entire production is onshore. This change is expected to significantly impact the company's profits, while the government aims to protect revenue and promote investments in deepwater and ultra-deepwater fields. Brokerage houses predict a negative impact on ONGC.
Rail passengers between Rajasthan and Bihar will now have a daily train option with the Amrit Bharat Express running daily instead of once a week. The Railway Minister announced this and said it will benefit workers, students, and families who frequently travel between the two states. The train will pass through important stations and provide relief to migrant workers and students.
Spotify co-founder Daniel Ek's morning routine, which includes family time, physical activity, and reading, sets him apart from other tech CEOs. This deliberate approach has contributed to his success in building a $100 billion company. Ek's emphasis on balance and non-traditional views on wealth and work emphasize the significance of self-care and intentional decision-making in achieving success.
SEBI approves IPOs for four companies - Casagrand Premier Builder Limited, Bombay Coated and Special Steels Limited, Bonfiglioli Transmissions Limited, and Swaraj Green Power and Fuel Limited. Casagrand's issue size is Rs 1,220 crore with fresh issuance and offer for sale, while Bombay Coated and Special Steel's issue size is Rs 191 crore.
Air India Group's scheduled seat capacity in June decreased by 22.5%, mainly due to high fuel costs and airspace restrictions. The airline cut 1.48 million seats, while competitors like IndiGo and Akasa Air increased their capacity, revealing a growing competitive divide. Air India is focusing on cost management and operational stability by reducing international capacity by 27%.
Tata Motors will raise prices of its passenger vehicles by 1.5% starting July 1, citing rising input costs. This includes both ICE and EV models, with the company giving customers until June 30 to buy at current prices. The decision comes after the launch of new models and follows a similar move by Maruti Suzuki.
Southern Railway has announced the temporary addition of AC Three Tier coaches to two long-distance services, the Kanniyakumari-Shri Mata Vaishno Devi Katra Himsagar Express and the Tirunelveli-Shri Mata Vaishno Devi Katra Navyug Express. The move is to accommodate increased passenger demand on the popular north-south routes.
Maserati has appointed Navnit Group as its official dealer partner for western and central India, aiming to double its annual sales. Navnit Maserati will handle sales and aftersales operations, with a new showroom in BKC and a dedicated service facility in Mumbai.
Tata Motors will release the Sierra EV on June 30, with deliveries before the festive season. They have been leading the EV market, selling 10,231 units in May and introducing new products like the Tiago EV and updated Punch EV. The Sierra EV, priced at Rs 18 lakh, will join their expanding lineup and face competition.
India's retail inflation rose to 3.93% in May, with food prices being the main contributor. The RBI has raised its inflation projection for the current fiscal to 5.1%, while economists predict an average of 5-6% in FY27. The impact of higher fuel prices on inflation will be closely monitored, and the RBI may refrain from a hawkish stance if core inflation remains anchored.
India's defence exports are expected to exceed the government's target of Rs 50,000 crore before 2029, with indigenous procurement rising to 70% and imports falling to 30%. The country is seeing growing global demand for its defence products, including advanced artillery guns, radar systems, and drones. However, challenges such as lengthy testing procedures still persist.
Elara Capital, an investment bank and brokerage firm, reports that the banking sector has been severely affected by the Middle East war, causing a slowdown in MSME loan growth across all lenders. However, asset quality remains resilient and government-backed guarantee schemes may help mitigate risks.
On 12 June, 2025, thirty-two seconds after the Boeing Air India Flight AI171 lifted off, it came down on the hostel complex of BJ Medical College in Meghaninagar.
Iranian officials mock Trump on social media after he announced plans to resume military action against Iran, only to later claim the conflict has ended. The Iranian Embassy in Armenia joined the "TACO Trump" trend, causing stocks to rise and oil prices to drop. This is a recurring pattern, showcasing the impact of Trump's decisions on the market.
Puducherry's Consumer Commission orders IndiGo to pay Rs 1 lakh compensation and Rs 20,000 for litigation costs to an elderly couple for a six-hour flight delay. The commission found the airline guilty of deficiency in service, rejecting their claims of unavoidable maintenance issues.
The Indian government has introduced a Venture Capital Fund and a Technology Adoption Fund worth Rs 1,000 cr and Rs 500 cr respectively, leading to a rapid transformation in the country's space sector. The private space ecosystem has grown significantly with over 400 startups, including prominent companies like Skyroot Aerospace, Agnikul Cosmos, Pixxel, GalaxEye, Digantara, and Dhruva Space.
South Western Railway has extended the Mysuru-Madar Junction special train service to ease the heavy passenger rush and meet high demand between Karnataka and Rajasthan. The train will now run on 20 and 27 June from Mysuru to Madar and on 22 and 29 June from Madar to Mysuru. This will provide better connectivity and ticket availability for passengers during peak travel days.
External Affairs Minister S Jaishankar strongly defended India's purchase of Russian crude oil on Thursday, pushing back against criticism from Western countries and questioning what he described as inconsistencies in their approach to sanctions, trade and global energy security.
Western Railway has announced a special weekly train between Valsad and Lalkuan to ease the heavy rush on trains heading to popular hill destinations like Nainital. The train will run on selected dates in June and July 2026 and will have multiple classes of accommodation. It will stop at key stations and provide more options for passengers travelling to Uttarakhand during this busy period.