Business
US stock markets today (June 3, 2026): Oil nears $100 amid Iran tensions, Wall Street stays close to record highs
US stocks saw a slight dip on Wednesday. Rising oil prices and tensions with Iran impacted the market. However, Wall Street stayed close to record levels. Investors are hopeful about the Strait of Hormuz reopening. Strong corporate earnings also provided support. Macy’s and GameStop reported positive results. Palo Alto Networks saw a decline despite a
Business
Ford recalls nearly 4.2 lakh vehicles over seat belt defect linked to injury risk
Ford is recalling nearly 4.2 lakh Expedition and Lincoln Navigator vehicles (2018-2022) in the US due to a seat belt defect. The issue can cause seat belts to lock unexpectedly, hindering retraction or extension, potentially leading to injuries in crashes. Ford will replace affected front seat belt retractors free of charge.
Business
Why did TCS shares crash over 8% today? Stock logs worst single-day fall since Covid-era rout
Tata Consultancy Services (TCS) experienced its steepest single-day decline since March 2020, plunging over 8% and erasing recent gains. Market experts attribute the sharp reversal to strong resistance near a key technical zone, triggering profit-booking and renewed selling pressure. Analysts are now watching critical support levels, concerned about the sustainability of any near-term recovery.
Business
India-US trade deal within reach, final 1% remains under discussion: Sergio Gor
India and the US are nearing the finalization of a proposed trade agreement, with US envoy Sergio Gor expressing optimism for a resolution within weeks. Top negotiators are currently in New Delhi to iron out the remaining details of the interim pact. Gor also clarified that recent US tariffs were not specifically targeted at India,
Business
Key Cabinet decisions: Rs 39,290 crore package get govt nod; ATF fund, coastal highway and Delhi-NCR vehicle scheme on list
The Union Cabinet approved a Rs 39,290 crore package for aviation, highways, and transport modernization. A significant Rs 10,000 crore was allocated for an Aviation Turbine Fuel Price Stabilisation Fund to manage fuel cost volatility.
Business
US-Iran war: Rs 10,000 crore ATF Price Stabilization Fund approved for OMCs – how it aims to benefit airlines, passengers
The Union Cabinet on Wednesday approved Aviation Turbine Fuel (ATF) Price Stabilisation Fund of Rs 10,000 crore which will be made available for domestic and international operations.
Business
Cheaper gold by Rs 10 lakh – 15% import duty prompts smuggling wave in India
A recent surge in gold import duty has fueled a wave of smuggling, with illicit gold now available at discounts of up to Rs 10 lakh per kilogram. This creates a significant price disparity with legally imported bullion, mirroring trends seen after a similar duty hike in 2013. Industry experts warn of escalating unofficial imports.