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Gold futures drop to ₹1.58 lakh/10 grams amid U.S.-Iran ceasefire concerns

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Gold futures drop to ₹1.58 lakh/10 grams amid U.S.-Iran ceasefire concerns

Analysts said investors remained focused on developments in West Asia. Image for representation | Photo Credit: Reuters Gold prices dropped by ₹562 to ₹1.58 lakh per 10 grams in futures trade, tracking losses in the global markets after fresh strikes were exchanged between the U.S. and Iran, raising concerns over the prospects of a ceasefire…

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India, U.S. probe forced labour, excess industrial capacity concerns

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India, U.S. probe forced labour, excess industrial capacity concerns

The Commerce Ministry said India remains engaged with the U.S. on the matter as a part of Section 301 proceedings is parallelly engaged for finalisation of an interim trade agreement. File | Photo Credit: Getty Images India is engaged with the United States on the Section 301 investigations over concerns related to forced labour and…

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Natco Pharma, Lupin alliance secures U.S. FDA nod for generic breast cancer drug

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Natco Pharma, Lupin alliance secures U.S. FDA nod for generic breast cancer drug

The U.S. Food and Drug Administration has approved Natco Pharma’s abbreviated new drug application (ANDA) for cancer drug Eribulin Mesylate Injection. File | Photo Credit: Getty Images The U.S. Food and Drug Administration (U.S FDA) has approved Natco Pharma’s abbreviated new drug application (ANDA) for cancer drug Eribulin Mesylate Injection, 1 mg/2ml (0.5 mg/ml) single-dose…

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RBI dismisses gold sale rumours; physical reserves stand steady at 880.52 tonnes

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RBI dismisses gold sale rumours; physical reserves stand steady at 880.52 tonnes

Reserve Bank of India (RBI) headquarters in Mumbai, India. File | Photo Credit: Reuters Debunking reports of gold sale, the Reserve Bank of India (RBI) on Wednesday (June 3, 2026) said there is no change in the physical stock of gold, which remains unchanged at 880.52 tonnes. The clarification from the Reserve Bank of India…

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India’s services sector growth hits 6-month high in May on new orders, softer rise in cost burdens

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India’s services sector growth hits 6-month high in May on new orders, softer rise in cost burdens

Image used for representational purpose only. File | Photo Credit: Getty Images/iStockphoto India’s services sector growth touched a six-month high of 59.8 in May, boosted by healthy demand conditions, new client wins, and ongoing improvements in new business intakes, a monthly survey said on Wednesday (June 3, 2026). The seasonally adjusted Hong Kong and Shanghai…

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Wipro CEO Srinivas Pallia takes home ₹49.6 crore in FY26

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Wipro CEO Srinivas Pallia takes home ₹49.6 crore in FY26

Srinivas Pallia. File Photo: Special Arrangement Wipro Chief Executive Officer and Managing Director Srinivas Pallia drew a total remuneration of $5.29 million (approximately ₹49.64 crore) in the financial year 2025-26, according to the company’s annual report. Mr. Pallia’s total compensation of $5,290,568 included $1.65 million in salary and allowances, $1.05 million in commission and variable…

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Stock markets tumble in early trade; Sensex tanks 700 points

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Stock markets tumble in early trade; Sensex tanks 700 points

Equity benchmark indices Sensex and Nifty tumbled in early trade on Wednesday (June 3, 2026) amid uncertainty over US–Iran negotiations, a fresh spike in crude oil prices, and persistent foreign fund outflows. Also read | Stock markets decline in early trade as U.S.–Iran talks face repeated setbacks The 30-share BSE Sensex tanked 699.74 points to…

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Rupee falls 28 paise to 95.64 against U.S. dollar in early trade

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Rupee falls 28 paise to 95.64 against U.S. dollar in early trade

This image is used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The rupee depreciated 28 paise to 95.64 against the U.S. dollar in early trade on Wednesday (June 3, 2026), after the U.S. Trade Representative proposed 12.5% additional duties on India and 53 other countries over forced labour import violations. Forex traders said…

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