Category: Business

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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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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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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Business

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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Business

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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