Giri world

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India and the European Union are poised to sign their landmark free trade agreement by December, with implementation expected by early 2027. This pact promises Indian exporters near-zero duty access to the vast European market, opening up significant opportunities. Discussions are also progressing on trade deals with the US and Canada, highlighting India's growing global economic influence. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/s8Fl4AI >

Indian equity markets witnessed a significant surge last week, adding Rs 2.15 lakh crore to the valuation of nine out of the top 10 most valuable companies. Bharti Airtel emerged as the top gainer, followed by LIC and Bajaj Finance. This rally was fueled by improved global risk appetite and easing geopolitical concerns, boosting investor sentiment across the board. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/xZpWMXS >

India's merchandise exports have demonstrated remarkable resilience, surging approximately 15% from April 1 to June 14, despite global economic headwinds and increased US tariffs. Minister Piyush Goyal highlighted this robust growth, even as international trade faces significant challenges. This positive trend follows a strong May performance, underscoring India's continued strength in outbound shipments. Goyal also urged chartered accountants to contribute to India's developed nation goal, emphasizing local cleanliness efforts. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/R8Vb9Mn >

Petrol and diesel prices may soon see a dip as India receives cheaper crude oil, Union Minister Hardeep Singh Puri indicated. He defended domestic fuel pricing, stating increases have been minimal globally despite market volatility. The government has absorbed significant costs through excise duty cuts, shielding consumers from the full impact of rising international rates. Puri also highlighted Sonbhadra's development progress. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/zIobZt3 >

Iran's oil exports have surged following a peace deal with Washington, with 11 tankers carrying 20 million barrels departing the Gulf of Oman. This increase coincides with new maritime regulations for the Strait of Hormuz. However, the delay of permanent peace talks due to regional clashes casts a shadow on the long-term outlook, with lighter traffic observed on Friday. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Df6bu30 >

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Oil prices experienced volatility following US Vice President JD Vance's comments, raising concerns about the Iran-US ceasefire's stability. Brent and WTI crude saw declines as Vance warned Israel against further attacks on Hezbollah, casting doubt on the accord's durability. The market now watches the Strait of Hormuz, a key oil transit route, for signs of recovery under the new agreement. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/mpYHJL7 >

Emirates NBD's significant acquisition of a 60% stake in RBL Bank for Rs 26,015 crore signifies a strategic shift in India-UAE economic ties, moving beyond trade to capital and control. This move positions India as a core growth market for the Dubai-based lender, reflecting historical financial linkages and a desire to deepen the relationship with substantial capital. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/JfLW2Ok >

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G7 leaders are uniting to lessen reliance on China for vital minerals, essential for defense and green tech. Plans include coordinated stockpiling, enhanced recycling, and a new platform with the IEA. The goal is to significantly cut dependence on single suppliers by 2030, fostering more secure global supply chains. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/QcAI3uJ >

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India is seeking rare earth samples from Russia. This move aims to diversify critical mineral supplies away from China. State miner IREL is in talks with Rosneft for samples from Siberia's Tomtor deposit. India will study the mineral composition before further engagement. This effort supports India's growing demand for rare earths in electric vehicles and clean energy. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/vJaBxpw >

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Commerce and Industry Minister Piyush Goyal urged French companies to invest in India's manufacturing sector, highlighting the nation as a reliable partner offering scale, talent, and innovation. Speaking at the 'Bharat Innovates' event, Goyal emphasized India's potential as both a large domestic market and a global export hub, driven by a vibrant startup ecosystem. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/IHiO29u >

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India assures ample energy supplies, with over 60 days of crude oil and natural gas reserves. Domestic LPG production has significantly reduced import reliance, ensuring 75-80 days of stock. Despite global price hikes due to the Iran conflict, India has kept domestic fuel prices stable, even seeing a slight decrease due to excise duty cuts. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/1l50NtZ >

The General Insurance Corporation had estimated claims of over $400 million last year from the Air India Ahmedabad crash. Since then, reinsurers have settled some claims. Tata AIG, which was the lead insurer, had a 45% share of the risk. “We fully provided for it in that same quarter itself. Net of reinsurance, our exposure was less than Rs 50 crore,” said Amit Ganorkar, MD & CEO, Tata AIG General. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/L1CJq3d >

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India navigates global trade challenges by fostering dialogue and partnerships, even as nations increasingly protect domestic industries like steel. Minister Piyush Goyal highlighted that despite a less effective WTO, international trade largely operates under its framework. India is actively pursuing free trade agreements to boost market access and attract significant investments, underscoring a commitment to innovation and long-term global integration. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Pz8luKm >

Global crude benchmarks surged over 2% as Iran declared the Strait of Hormuz closed to all vessels following fresh US military strikes. Brent crude rose to $95.40 and WTI to $92.63 a barrel. Iran's IRGC warned any vessel attempting to transit the strait would be targeted amid escalating regional tensions. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/VxGNLS2 >

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US President Trump is pushing for major AI firms to "give back" to the public, potentially through government stakes or benefit mechanisms. He plans to meet top tech executives soon to discuss this proposal, aiming to enrich citizens and boost AI's popularity. Discussions about a "Public Wealth Fund" model, distributing AI investment returns, are reportedly already underway. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/3YXC6eF >

Chairman Chandra says AI most significant opportunity for enterprise IT, will slow hiring from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/hZP6Q09 >

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Maharashtra farmers welcomed relaxed onion procurement rules but demand a minimum support price of Rs 3,000 per quintal, stating current rates of Rs 1,580 are below production costs. They seek transparent procurement and compensation for past losses, arguing that rule changes alone won't resolve their financial distress. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Pm2cOgQ >

West Bengal's Himsagar mango exports face a setback due to dark spots, a weather-induced disease affecting fruit quality. Continuous rain followed by high temperatures during the bagging stage led to the issue, potentially impacting overseas shipments. Despite this, exporters remain hopeful about fulfilling remaining orders. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/2oGe8hC >

Despite fears of $200 oil following Strait of Hormuz disruptions, prices remain below $100. This resilience is attributed to increased US exports, weaker Chinese demand, and alternative supply routes. While some shipping through the strait continues, overall transits are down. Emergency measures and subdued demand have averted the worst-case scenario, but market stability hinges on temporary solutions. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/M1jQnKF >

Domestic cooking gas prices have increased by Rs 29 per cylinder, reaching Rs 942 in Delhi, marking the second revision in three months due to soaring global energy costs. This rise follows a previous Rs 60 hike and is part of a broader trend of fuel price increases, with petrol and diesel also seeing significant jumps. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/NoivBXp >

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The government has extended the tenure of Reserve Bank Deputy Governor Swaminathan Janakiraman for another two years, effective June 26, 2026. Janakiraman, who was initially appointed in June 2023, will continue in his role as the central bank maintains its four-deputy governor structure. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/6LTJtCp >

Digital entertainment startup Kuku Technologies has confidentially filed for an IPO, aiming to raise up to Rs 3,500 crore. The company is targeting a valuation of up to Rs 15,000 crore and plans to list later this fiscal year. This move signals significant growth aspirations for the digital entertainment sector. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/MlfOV12 >

Persian Gulf tensions pushed crude prices near $100, weakening the rupee and causing the Sensex to plunge over 1,100 points mid-session. Despite initial losses, banking stocks rallied, aiding a partial recovery, while IT stocks crashed due to AI disruption fears. Foreign funds saw significant outflows. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/b0pmlrI >

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Dalal Street witnessed a significant downturn as crude oil prices surged due to West Asia tensions, leading to a 508-point drop in the Sensex. Foreign funds continued their selling spree, with outflows exceeding Rs 2.5 lakh crore this year. Investors are now awaiting the RBI's policy meeting and focusing on stock-specific opportunities amid a range-bound market. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/nrsyBYj >

Sovereign Gold Bond (SGB) investors who purchased bonds between 2019 and 2021 can now apply for premature redemption in June 2026. The Reserve Bank of India has opened redemption windows for five specific bond tranches, requiring investors to submit requests within strict timelines to avoid rejection. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/iFQAufU >

Covers Calcium And Vitamin Supplements Too from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Mbn8y0Y >

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All Eyes On June 5 Statement As Gulf Crisis Nears 100 Days from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/JdlW1fT >