Business

Despite the staggered increase in retail fuel prices during the past month in the backdrop of persisting conflict in West Asia, fuel inflation remained contained at 0.8% in May, though marginally higher than 0.7% in April. Economists expect the pass through to become visible in June. Dipti Deshpande, principal economist at Crisil said food inflation

In a statement on Friday, his legal counsel, Lazareff Le Bars, said the General Division of the Singapore High Court stayed the committal and surrender provisions of the May 25 contempt order on June 10. As a result, Raveendran will not be required to surrender on June 15 as previously directed. The law firm also

Tata Sons is understood to have recorded high-teens profit growth in FY26, a result that strengthens Chandrasekaran’s hand as he faces questions from Noel Tata, chairman of principal shareholder Tata Trusts, over losses at the company’s new businesses, including Tata Digital. Growth came despite lower dividend income from operating companies, including a reduced payout from

The carrier is also reevaluating plans to fly to new domestic and international destinations, pruning some routes and postponing launches at some airports, such as the new Noida International Airport, the people familiar with the matter said. Air India’s cowed ambitions follow a series of challenges that have pushed it deep into the red.

Elon Musk has achieved a historic milestone by becoming the world’s first trillionaire, driven by the soaring valuation from SpaceX’s IPO. His vision for reusable rockets and interplanetary colonies has captured the imagination of investors, turning space exploration into an enticing financial frontier. This remarkable shift in wealth underscores a new chapter in capitalism, expanding

India has removed licensing for crucial radio spectrum bands, specifically 77-81 GHz for automotive radar and 5.9 GHz for V2X communications. This move aims to accelerate the adoption of advanced road safety and collision-avoidance systems, aligning India with global standards and potentially reducing vehicle manufacturing costs. The initiative is expected to significantly enhance vehicle safety

The Indian Rupee experienced a significant surge, climbing 67 paise to close at 95.18 against the US dollar. This robust recovery was primarily fueled by a sharp decline in global crude oil prices, following US President Donald Trump’s indication of an imminent deal with Iran. Positive domestic equity market trends and a weaker US dollar

It’s important to note that a big portion of Musk’s net worth is tied to SpaceX. His holding in the company is worth around $866 billion. According to Reuters calculations, Musk’s net worth adds up to over a trillion dollars after the listing of Space X.