Category: Business

Business

Gold declines ₹2,500 to ₹1.6 lakh/10g amid fresh U.S.-Iran tensions

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Gold declines ₹2,500 to ₹1.6 lakh/10g amid fresh U.S.-Iran tensions

Image used for representational purposes. File | Photo Credit: Reuters Gold prices retreated by ₹2,500 to ₹1.60 lakh per 10 grams in the national capital on Monday (June 1, 2026), tracking losses in global markets as renewed military exchanges between the U.S. and Iran spiked crude oil rates. According to the All India Sarafa Association,…

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Rupee falls 10 paise to close at 94.95 against U.S. dollar

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Rupee falls 10 paise to close at 94.95 against U.S. dollar

Image used for representational purpose only. File | Photo Credit: Getty Images/iStockphoto The rupee depreciated 10 paise to close at 94.95 (provisional) against the U.S. dollar on Monday (June 01, 2026), amid renewed geopolitical tensions between the U.S. and Iran and surge in crude oil prices. Forex traders said the strength of the American currency…

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Passenger Vehicle sales stay strong in May; Maruti, Kia hit record highs

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Passenger Vehicle sales stay strong in May; Maruti, Kia hit record highs

Carmakers posted healthy growth in May, with Maruti Suzuki and Kia India registering record sales, carrying forward the momentum witnessed at the beginning of the new fiscal. Maruti Suzuki India on Monday (June 1, 2026) reported its highest-ever monthly sales, with domestic sales of 1,93,535 units in May 2026, compared to 1,38,690 units in the…

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UPI transactions hit record high of ₹29.9 lakh crore in May

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UPI transactions hit record high of ₹29.9 lakh crore in May

Representative image. | Photo Credit: The Hindu Summer travel and IPL fever pushed transactions through the popular Unified Payments Interface (UPI) to a record high of ₹29.90 lakh crore and 23.2 billion in value and volume terms, respectively, in May, according to data released by the National Payments Corporation of India. National Payments Corporation of…

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Business

GST collections grow 3.2% in May to ₹1.94 lakh cr

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GST collections grow 3.2% in May to ₹1.94 lakh cr

Image used for representation purpose only | Photo Credit: Getty Images/iStockphoto Gross GST collections rose 3.2% to over ₹1.94 lakh crore in May on improved supplies of goods and services, and continued expansion of collection from imports, government data showed on Monday (June 1, 2026). Gross GST collection stood at ₹1.88 lakh crore in May,…

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India’s manufacturing sector growth hits 3-month high in May as domestic market fuels activity: PMI

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India’s manufacturing sector growth hits 3-month high in May as domestic market fuels activity: PMI

Image for representational purposes only. | Photo Credit: Reuters India’s manufacturing sector activity growth accelerated to a three-month high in May, driven by demand strength, infrastructure projects and new business gains, even amid inflationary pressures, a monthly survey said on Monday (June 1, 2026). The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) posted…

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Sensex, Nifty rebound in early trade on blue-chip buying, Asian rally

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Sensex, Nifty rebound in early trade on blue-chip buying, Asian rally

Image used for representational purpose only. File | Photo Credit: Getty Images Benchmark indices Sensex and Nifty rebounded in early trade on Monday (June 1, 2026) driven by strong buying in blue-chips and tracking positive cues from the Asian markets following a sharp selloff in the previous trading session. The 30-share Bombay Stock Exchange (BSE)…

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Business

U.S. takes step to halt Nvidia AI chip shipments to Chinese firms outside China

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U.S. takes step to halt Nvidia AI chip shipments to Chinese firms outside China

The new guidance does not change anything for Nvidia, a company official said [File] | Photo Credit: REUTERS The U.S. Department of Commerce on Sunday moved to close ⁠a potential loophole that may have led companies to export the world’s most advanced chips, like Nvidia’s most sophisticated Blackwell processors, to subsidiaries of Chinese companies located…

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Rupee falls 9 paise to 94.94 against U.S. dollar in early trade

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Rupee falls 9 paise to 94.94 against U.S. dollar in early trade

Forex traders said Dollar Index was nearer to 99 levels while oil prices rose to $93 per barrel after Israel-Lebanon conflict escalated following sharp weekly drops as Washington and Tehran discussed potential ceasefire that could eventually ease out the disruptions around Strait of Hormuz. | Photo Credit: Reuters The rupee depreciated 9 paise to 94.94…

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