Business

Indian markets mirrored global trends as US stocks dipped, pressured by rising oil prices and Treasury yields, despite Nvidia’s stellar earnings. While AI enthusiasm cooled, a resilient US economy and strong export data from Japan offered some bright spots. However, concerns over geopolitical tensions and inflation persisted, impacting investor sentiment.

At a practical level, what employees experience will depend on where they work and how the rules are implemented. For example, an employee in a bank or insurance company, where the central government is the appropriate authority, may begin experiencing more standardised compliance with working hours.

Maruti Suzuki India will increase vehicle prices by up to Rs 30,000 starting June 2026 due to persistent inflationary pressures and adverse cost environments. The company has made efforts to mitigate rising costs but must now pass on a portion of these expenses to customers. This price revision affects the entire vehicle portfolio.

State-run oil companies assure uninterrupted fuel and LPG supplies nationwide despite Middle East tensions. Adequate stocks are confirmed, with no system shortages. Companies urge consumers to avoid panic buying, citing temporary pressure at select outlets due to demand shifts and seasonal factors. India remains well-supplied with petroleum products.

Amid Middle East tensions, the government assures stable LPG supplies with 96% DAC-based deliveries and 99% online bookings. Adequate petrol, diesel, and LPG stocks are available nationwide. Citizens are urged to avoid panic buying and conserve energy, with over 5,000 raids conducted against hoarding. Maritime operations remain normal, and all Indian seafarers in the Gulf

NISM and IICA have signed an MoU to bolster corporate governance, ESG frameworks, and India’s capital markets. This collaboration will focus on capacity building, research, and training to foster a more transparent financial ecosystem, including specialized programs for Sebi officials and MSME access to capital.

The Indian rupee strengthened on Thursday, ending a two-week losing streak following aggressive intervention by the Reserve Bank of India. The central bank sold dollars to support the currency, which had hit record lows. Despite this, elevated oil prices and geopolitical risks continue to weigh on the outlook.

China’s new supply chain control regime, enacted in April, poses a challenge to India’s electronics manufacturing ambitions. New decrees grant Chinese regulators broad powers to scrutinize and intervene in supply chain decisions, potentially impacting global brands and domestic firms looking to diversify away from China. Industry players are seeking government assistance to navigate these fresh