Category: Business

Business

Stock markets snap 4-day losses led by strong rally in IT firms; Sensex up 382 points

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Stock markets snap 4-day losses led by strong rally in IT firms; Sensex up 382 points

Image used for representational purposes only. | Photo Credit: Reuters Snapping the four-day losing streak, benchmark BSE Sensex rebounded by 382 points on Tuesday (June 2, 2026), powered by a strong rally in IT shares. The 30-share BSE Sensex climbed 382.50 points, or 0.52%, to settle at 74,649.84 with 20 of its constituents ending higher…

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Rupee falls 10 paise to close at 95.29 against U.S. dollar

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Rupee falls 10 paise to close at 95.29 against U.S. dollar

Image used for representational purposes. File | Photo Credit: Reuters The rupee depreciated 10 paise to close at 95.29 (provisional) against the U.S. dollar on Tuesday (June 2, 2026), as global crude oil prices jumped and the American currency remained firm amid massive safe-haven inflows. Forex traders said significant foreign fund outflows also weighed on…

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Coca-Cola explores IPO of India bottling unit HCCH in 2027, divest stake

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Coca-Cola explores IPO of India bottling unit HCCH in 2027, divest stake

Coca-Cola Diet Coke cans. File | Photo Credit: Reuters Global beverages major The Coca-Cola Company is exploring the listing of Hindustan Coca-Cola Holdings Pvt Ltd (HCCH), the parent entity of its Indian bottling arm HCCB, in 2027 on Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE), a statement said. Besides, it is…

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Business

Oil prices fall amid Trump’s talks with Iran

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Oil prices fall amid Trump’s talks with Iran

U.S. President Donald Trump. File | Photo Credit: Reuters Oil prices trended lower on Tuesday (June 2, 2026) following the previous session’s sharp gains as the ‌market remained cautious about progress in U.S.-Iran peace talks. U.S. President Donald Trump ​said on Monday (June 1, 2026) talks with Iran were ongoing, while Tasnim news ⁠agency reported…

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Stock markets decline in early trade as U.S.–Iran talks face repeated setbacks

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Stock markets decline in early trade as U.S.–Iran talks face repeated setbacks

Infosys, Tata Consultancy Services, Tech Mahindra, HCL Tech, Asian Paints and Mahindra & Mahindra were the gainers. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty declined in early trade on Tuesday (June 2, 2026) as investors remained concerned over the U.S.–Iran situation, with diplomatic efforts to resolve the crisis encountering repeated setbacks. Persistent…

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Business

Rupee rises 16 paise to 95.03 against U.S. dollar in early trade

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Rupee rises 16 paise to 95.03 against U.S. dollar in early trade

Forex traders said the USD/INR pair opened on a positive note this morning on a slight risk off sentiment.  | Photo Credit: Getty Images/iStockphoto The rupee appreciated 16 paise to 95.03 against U.S. dollar in early trade on Tuesday (June 2, 2026), as the market weighed India’s strong domestic fundamentals against ongoing geopolitical uncertainty. Forex…

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Business

Black Box, AIONOS forge alliance to scale up AI-led infra, applications

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Black Box, AIONOS forge alliance to scale up AI-led infra, applications

Black Box Ltd, a digital infrastructure integrator and part of Essar Group, and CP Gurnani led-AIONOS, an AI-native enterprise technology company, have entered into an alliance to help enterprises accelerate AI transformation; from infrastructure build-out to measurable business outcomes. The alliance combines Black Box’s expertise in digital infrastructure, including data centers, network connectivity, modern workplace…

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Business

Govt does not foresee any supply pressure on edible oil: Official

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Govt does not foresee any supply pressure on edible oil: Official

Image for representational purposes only. | Photo Credit: AMIT DAVE The government does not foresee any pressure on edible oil now or in the coming days, C. Shikha, Joint Secretary at the Dept of Food and Public Distribution told reporters at the bi-weekly inter-ministerial briefing about the situation in West Asia Monday. “We are closely…

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Dept of Agriculture cuts back on urea, DAP requirements amid expectations of lower monsoon

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Dept of Agriculture cuts back on urea, DAP requirements amid expectations of lower monsoon

Recent Indian urea import tender found prices further jumping to $935-959 a tonne. | Photo Credit: VENKATACHALAPATHY C Amid expectations of lowered monsoon with looming threats about an El Nino, the Department of Agriculture and Family Welfare have cut back on their requirement for both urea and diammonium phosphate (DAP), Aparna Sharma, Additional Secretary at…

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