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Pentagon Labels Alibaba, Baidu, BYD As Aiding Chinese Military

In naming Alibaba, the Pentagon said the tech giant helps boost China's defense industrial base.

Trump becomes first sitting President to attend NBA Finals game; gets booed by crowd

President Donald Trump made history as the first sitting US president to attend an NBA Finals game, but his appearance at Madison Square Garden was met with loud boos. The unprecedented event was overshadowed by extensive security measures and a mixed public reception, highlighting Trump's complex relationship with New York City.

TMC split to boost NDA's strength in Parliament as rebel MLAs wish to join BJP-led coalition

While 20 of the 28 TMC MPs have announced their support for the NDA in the Lok Sabha, there are 12 members in the Rajya Sabha.

Oil prices ease as Iran and Israel pause attacks; Brent, WTI retreat from recent highs

Oil prices dipped Tuesday as Iran and Israel paused attacks, easing immediate supply disruption fears. This followed a sharp rise on Monday amid renewed Middle East tensions. Despite the de-escalation, concerns linger over the Strait of Hormuz and Houthi actions impacting Red Sea shipping. OPEC+ agreed to boost output, but analysts doubt its effectiveness due to production struggles.

9 New Airports Planned Across Andhra Pradesh: Key Facts About The State’s Aviation Ambitions

Andhra Pradesh has unveiled an ambitious aviation roadmap, aiming to boost regional connectivity and transform the state into India’s eastern aviation gateway.

RBI to fully absorb forex risks, inflows may see $50bn boost

US stocks: S&P 500, Nasdaq end up as tech, chipmakers rebound

U.S. stocks ended mostly higher on Monday, led by gains in the Nasdaq and chipmakers as investors sought bargains after Friday's sharp selloff and were relieved after Iran and Israel said they had halted attacks on each other. The halt came after an appeal from U.S. President Donald Trump that they immediately "stop shooting." The attacks over 24 hours were the most ‌direct confrontation between ⁠Iran and ⁠Israel since an April ceasefire in the war. The Dow ended lower and stocks overall closed off the highs of the day. Apple shares eased late in the session even as the company unveiled a series of AI upgrades to Siri. The S&P 500 technology sector and Philadelphia SE Semiconductor Index advanced, rebounding from Friday's losses that wiped out $1 trillion in market value for U.S.-listed chipmakers. Intel shares also jumped after news website the Information reported that Alphabet's Google had placed an order to manufacture more than 3 million tensor processing units in 2028. "Today looks like a day where investors are doing a little bit of bargain hunting ⁠off the ‌big tech selloff," said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey. "What normally happens after that is you get analysts coming in and reiterating buys." He added: "This market has ⁠been priced for quite a while for perfection, and these are certainly imperfect times. In that environment, you are going to see some back-and-forth, and some fear of prices having gone too far." Stocks sold off late last week after hitting a series of record highs recently. Underwhelming results from chipmaker Broadcom last week had raised concerns that the chip sector was growing too fast, while much stronger than expected jobs data for May contributed to Friday's rout, as traders priced in interest rate increases this year. According to preliminary data, the S&P 500 gained 22.07 points, or 0.30%, to end at 7,405.81 points, while the Nasdaq Composite gained 222.13 points, or 0.86%, ‌to 25,931.56. The Dow Jones Industrial Average fell 75.61 points, or 0.15%, to 50,791.17.Also Read | US stocks: Alphabet taps Intel to make three million in-house chips: Report Apple announced the Siri revamp at its annual Worldwide Developers Conference at its Cupertino, California, headquarters. Investors may be having a "sell-on-the-news" response, said Bruce Zaro, managing director at Granite Wealth Management in Plymouth, Massachusetts. "Perception has ⁠been for quite some time that Apple had been behind the curve as far as their AI offerings. That's why the stock widely underperformed many of the other big techs for some time until recently," he said. SpaceX's initial public offering on Friday could also prove a major test for U.S. stock markets, with investors wary of possible overexuberance. Other big tech advancers included Marvell Technology, which jumped as the chipmaker was set to join the benchmark S&P 500 before the start of trading on June 22. Eli Lilly gained after the drugmaker's trial results showed its next-generation obesity drug, retatrutide, curbed sleep apnea severity in addition to boosting weight loss and helping knee pain.

A boost for the Karnataka workforce

The notification on minimum wages is a step in the right direction

EU Delegation Arrives In Assam for 2-Day Visit To Boost Ties

The delegation will also visit India's first-ever semiconductor plant

India's Longest Road Tunnel Zojila Nears Finish, To Boost Army Mobility

Hyderabad-based MEIL is executing the project at a cost of Rs 4,600 crore.

Apple unveils iOS 27: Gemini Siri, softer Liquid Glass, speed boost for older iPhones

Apple unveiled iOS 27 at WWDC 2026 on Monday, framing the release as a year of fixes rather than reinvention. A new slider tames Liquid Glass, a rewritten CPU scheduler delivers measurable speed gains down to the iPhone 11, and the long-delayed Siri AI finally ships—built on Apple's next-gen Foundation Models, trained in partnership with Google's Gemini, with English rolling out first.

Rs 13,000 cr airport at Great Nicobar Island to improve India's forward posture in Indian Ocean

India is investing Rs 13,000 crore in Great Nicobar Island for a dual-use airport, bolstering civilian connectivity and military readiness near the vital Strait of Malacca. This strategic project enhances surveillance of crucial shipping lanes, impacting China's energy security and strengthening India's Indo-Pacific influence. The development also includes a trans-shipment hub, aiming to boost India's economic standing.

T.N. Powerloom Federation seeks higher free power quota, measures to boost employment

Among its key demands, the federation sought an increase in the free electricity allocation for Tariff IIIA2 powerloom units from 1,000 units to 1,500 units, in line with the ruling party’s election promise

Four walls, soaring costs: Why is your housing dream getting costlier

Housing affordability has plunged globally, hitting young people and vulnerable groups hardest. Soaring property prices and rising rents outpace incomes, with India's major cities facing a severe crunch. Experts cite urbanization and supply shortages. Governments must integrate housing with other strategies and boost construction to address this growing crisis.

Waste treatment plants will soon turn wealth generating units, says MA&UD Minister Narayana

Solid waste treatment will get a boost with the Chief Minister giving the go-ahead for establishment of 107 processing units across the State by the end of July, he says

OPEC+ increases production quotas for July

Vienna, OPEC+ ministers decided Sunday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikely to have an impact on prices sent higher by the Mideast war.Jorge Leon, analyst at Rystad Energy, said ahead of the expected increase that it "means very little while the Strait of Hormuz remains closed".He added: "The market is not short of quota announcements; it is short of physical barrels that can actually move. In that sense, the 188,000 barrels per day increase would be more of a policy signal than a real supply boost."The hiked production output was agreed Sunday in a video meeting of oil ministers from key OPEC+ countries Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, a statement from the organisation said.The increase was similar to ones decided in previous months.The OPEC+ statement said the latest agreed hike was "to support oil market stability" but that the seven countries also saw an opportunity "to accelerate their compensation" in a time of historically high oil prices.It added that the ministers "reaffirmed the importance of adopting a cautious approach and retaining full flexibility to increase, pause or reverse the phase out of the voluntary production adjustments, including reversing the previously implemented voluntary adjustments announced in November 2023".Leon, at Rystad Energy, said that OPEC+ was wary in case the Mideast war changes, and Iran's stranglehold on the Strait of Hormuz eases."When the Strait of Hormuz reopens, the market could move very quickly from fear of shortage to fear of surplus," he said."Returning OPEC+ supply, a stronger US shale response and weaker demand after a period of very high prices could leave the market with a very large oversupply problem," he said.

Ahead of Market: 10 things that will decide D-Street action on Monday

Indian benchmark indices witnessed a volatile session on Friday, June 5 and closed marginally lower as investors reacted to the RBI monetary policy outcome and continued FII selling. The central bank kept the repo rate unchanged at 5.25% and maintained its neutral policy stance, while raising its inflation forecast and lowering GDP growth projections, which kept market sentiment cautious throughout the session.Here's how analysts read the market pulse:"While the broader index trend remains weak, mixed performance among heavyweight stocks is limiting the pace of decline. In this backdrop, we maintain a cautious stance and prefer a sell-on-rise approach until the Nifty decisively reclaims the 23,700 level. At the same time, traders should focus on stock-specific opportunities across sectors and maintain balanced positions with disciplined overnight risk management," said Ajit Mishra, SVP – Research, Religare Broking.US marketsThe US stock market had its worst day since October on Friday as a sell-off in big technology companies weighed on the broader market and a strong jobs report boosted expectations that the Federal Reserve may be forced to hike interest rates at some point this year.The S&P 500 sank 2.6%, its biggest one-day drop since October 10, when the Trump administration threatened to impose a 100% tariff on imported goods from China. The losses pushed the benchmark index to its first losing week in the last 10. The Dow Jones Industrial Average fell 1.4%, while the Nasdaq Composite slumped 4.2%.European marketsEuropean shares ended the week lower, as uncertainty over Middle East peace efforts kept investors on edge and technology stocks paused after a blistering two-month rally.The pan-European STOXX 600 index fell 0.3% to 622.66 points and lost 0.5% for the week. Hopes for a breakthrough between the US and Iran appeared limited after the two countries exchanged strikes earlier in the week, while a US-brokered Israel-Lebanon ceasefire also looked fragile after Hezbollah rejected the pact. The resulting spike in energy costs has complicated the inflation outlook. Data this week showed euro zone inflation accelerated in May, prompting markets to price in a 25-basis-point interest rate hike from the European Central Bank.Tech ViewGoing ahead, the index is likely to consolidate in the 23,000-23,550 range in the coming week. Only a move above Tuesday’s high of 23,556 will open the upside towards the 23,750–23,800 resistance zone in the coming sessions.Most active stocks in terms of turnoverBSE (Rs 2,633 crore), ZEE (Rs 2,547 crore), RIL (Rs 2,303 crore), SBI (Rs 2,057 crore), Adani Enterprises (Rs 2,057 crore), HDFC Bank (Rs 1,660 crore) and Himadri Speciality (Rs 1,625 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify stocks with the highest trading turnover during the day.Most active stocks in volume termsVodafone Idea (traded shares: 68.55 crore), Ola Electric (23.26 crore), ZEE (23.02 crore), YES Bank (14.9 crore), JP Power (9.09 crore shares) and Suzlon (7.28 crore shares) were among the most actively traded stocks in volume terms on BSE.Stocks showing buying interestZEE, Adani Green, Himadri Speciality, Jyoti CNC, Schneider, Kirloskar Bros and Saregama India were among the stocks that witnessed strong buying interest.52-week highsAmong the stocks that hit their 52-week highs were Himadri Speciality, Acme Solar, Adani Enterprises, Sai Life Science, Laurus Labs and Federal Bank.Stocks seeing selling pressureStocks that witnessed significant selling pressure included Wockhardt, Hindustan Zinc, Netweb Tech, HFCL, Nalco, Tejas and BSE.Sentiment meter favours bullsOut of the 4,399 stocks traded on the BSE on Friday, June 5, 1,993 advanced, 2,212 declined and 194 remained unchanged.

Rs 100-Crore AI Centre To Lead India’s Hunt For Hidden Mineral Wealth | Exclusive

To boost the country's mineral security, the Geological Survey of India (GSI) will set up a Rs 100-crore Data Processing, Interpretation and Integration Centre (DPIIC) in Bengaluru

Big Boost For Vijay: 4 Ex-AIADMK Ministers, 6 Former MLAs Join TVK

Amid deepening crisis, AIADMK suffers fresh blow as four former ministers, ex MLAs and over 300 cadres quit and join ruling TVK in Chennai, praising CM C Joseph Vijay

Iran war hobbles power to shape oil market

OPEC+ ministers meet Sunday to weigh higher production quotas in a bid to cap oil prices that have surged since the Iran war effectively choked off Gulf crude shipments.But even if the cartel members vow to ramp up output by thousands of barrels per day, analysts say geopolitical realities mean they probably won't move the needle on prices.Also read: OPEC+ leaders expected to up July oil output target despite Hormuz disruption, sources sayWith the crucial Strait of Hormuz shut since US and Israeli attacks on Iran in late February, oil prices have nearly doubled, igniting inflation pressures worldwide.Ministers from the 21 member states of OPEC+, the main oil producing nations and their allies, are holding their quarterly meeting online.The group is likely to beef up its production quotas by "188,000 barrels a day", said Jorge Leon, analyst at Rystad Energy, similar to recent increases. But in reality, only seven members -- Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman -- have the capacity to do so.Dwindling supply Tehran's threats of retaliatory attacks to US and Israeli strikes have virtually blocked the vital Strait of Hormuz, through which roughly a fifth of global oil and gas supplies normally pass.That is equivalent to about 20 million barrels a day. But with key Gulf producers shut out of the global market, pledges to raise output in a bid to ease spiralling prices are unlikely to sway traders. "Any announced production increases or changes to output targets will have limited practical value," said Ole Hansen, a commodities analyst at Saxo Bank."There is very little OPEC can do," he told AFP.OPEC+ itself says daily production has plummeted to just 33 million barrels a day as tankers remain stuck, compared to nearly 43 million before the conflict.A US blockade on Iranian ports means "it will be even less than that" in reality, said Homayoun Falakshahi, head of crude oil analysis at data firm Kpler.Also read: Oil prices fall on mounting hopes for de-escalation in US-Iran WarUAE slams the door The United Arab Emirates' recent decision to quit OPEC further saps away at the cartel's influence, given its huge excess production capacity.And Abu Dhabi has made clear it wants to boost output."They don't want to be dictated to, they want to maximise their revenues," said Lawrence Haar, a lecturer in finance at the University of Brighton in England. And the cartel risks seeing other countries follow the UAE's example."If Iraq were to leave, it could mark the end of OPEC+," Falakshahi said.Saudi Arabia, by far the cartel's most influential member, "is going to do what it takes to stop anyone else from leaving," Falakshahi predicted.That could translate into more flexible output quotas or decreased penalties for any excess production.But "for now, the compensation framework has effectively become irrelevant due to widespread production shut-ins," Hansen said.As a result, the Iran war has largely neutralised the cartel's stated mission "to secure an efficient, economic and regular supply of petroleum to consumers, and a steady income to producers". For Falakshahi, the only factor limiting further oil price spikes at the moment is China, "which is buying less oil than normal" by tapping into its vast strategic reserves.