Business

Wall Street surged on Monday, led by a strong rebound in tech stocks, particularly those linked to artificial intelligence, following significant semiconductor investment announcements. SpaceX also continued its upward trajectory, set to join the Nasdaq 100. Comcast saw a notable jump after announcing a business separation. Markets navigated rising oil prices and ongoing Middle East

The government is set to launch a Rs 5,000 crore scheme within three months to boost cleaner technologies in India’s steel sector, a major contributor to carbon emissions. This initiative, the National Strategy for Sustainable Secondary Steel, aims to reduce the industry’s environmental footprint and align with India’s net-zero commitments. While benefiting all steelmakers, secondary

India’s industrial activity showed robust growth in May 2026, with the IIP climbing 5.1% year-on-year, driven by strong manufacturing and electricity output. Capital goods led the expansion, surging 12.9%. The Ministry of Statistics also announced a significant methodological shift, replacing WPI with Output PPI for a more accurate real output estimation, aligning with global standards.

Indian equity markets, Sensex and Nifty, closed lower on Monday, impacted by renewed US-Iran tensions and rising global crude oil prices. The Sensex shed 372 points, while the Nifty fell 109 points, dipping below the 24,000 mark. Geopolitical concerns overshadowed positive trading in some Asian markets, while European markets also saw declines. Foreign investors showed

The trend comes at a time when India remains heavily dependent on imported gold. During FY26, the country imported gold worth nearly $72.4 billion, while recycled gold contributed an estimated 125-150 tonnes in 2025.

China’s financial watchdogs are tightening credit standards, prompting investors to re-evaluate their bond holdings for potential downgrades. This move aims to curb the unusually high number of top-rated AAA issuers, a situation exposed by recent corporate defaults. The People’s Bank of China is reportedly introducing new metrics, potentially impacting issuers with wider yield spreads. This

India’s Gen Z excels at investing via SIPs and mutual funds, yet many remain uninsured, relying on parents’ policies. Despite digital access to financial info, a significant gap exists between research and purchasing insurance. A health emergency could destabilize nearly two-thirds of young investors. Experts point to a lack of urgency and a confidence crisis,