Business

Geopolitical Tensions Drive Oil Markets HigherOil prices climbed sharply on July 2 after Iran suspended cooperation with the International Atomic Energy Agency (IAEA). This sudden pivot fuelled concerns of fresh instability in the Middle East and sent a ripple through energy markets worldwide. Brent crude surged nearly 3% to settle at around $69.11 per barrel,…

A Legacy of Trust and ReachOn July 1, 2025, Union Finance Minister Nirmala Sitharaman extended her heartfelt congratulations to the State Bank of India (SBI) as it celebrated 70 years of service to the nation. Reflecting on its journey from its inception in 1955, she highlighted SBI’s formidable presence with over 23,000 branches, 78,000 Customer…

Background: From Allies to AdversariesElon Musk and Donald Trump, once close allies, have seen their relationship crumble publicly. Musk generously backed Trump’s 2024 campaign and even held a White House advisory role. But tensions surfaced in June 2025 after Musk sensationally denounced Trump’s flagship “One Big Beautiful Bill,” igniting a high-stakes showdown between the billionaire…

A Quantum Leap in Brand ValueIn 2025, the Adani Group achieved an extraordinary feat: its brand value surged by 82%, climbing from $3.55 billion in 2024 to a staggering $6.46 billion. This makes the conglomerate India’s fastest-growing brand, outperforming established names like Tata and Infosys. Spurred by its audacious focus on infrastructure, renewable energy, and…

President Murmu hails MSME sector’s rolePresident Droupadi Murmu emphasized the importance of India’s MSME (Micro, Small, and Medium Enterprises) sector during her address at the International MSME Day event in New Delhi on June 27, 2025. She described MSMEs as the backbone of India’s economy, accounting for approximately 30% of GDP, 36% of manufacturing output,…

Surging Trade at a 61% Growth PaceIndia’s merchandise trade with the Group of Seven (G7) nations skyrocketed from USD 154 billion in FY 2020-21 to USD 248 billion in FY 2024-25, a sharp 61 percent surge, according to a recent study by the PHD Chamber of Commerce and Industry. This vigorous expansion reflects an elevated compound annual growth rate of roughly 13 percent,…

U.S. Military Action Sparks ShockwavesFollowing coordinated U.S. airstrikes on Iran’s nuclear facilities, targeting Natanz, Fordow, and Isfahan, Brent crude prices rocketed above $80 per barrel on June 23, hitting five-month highs around $81.40 before settling back near $78.90, while U.S. West Texas Intermediate (WTI) climbed to about $75.74. The strikes, which President Trump described as…

Domestic Rates Edge Lower on June 26As of June 26, 2025, Indian gold prices slipped slightly in line with global trends. At 10:00 AM, 24K gold traded at ₹9,894/g and 22K at ₹9,069/g, a marginal decline of ₹1 from June 25 levels. Delhi saw a notably softer rate: 24K at ₹9,909/g and 22K at ₹9,084/g, down…

Historic Surge in ExportsIndia has achieved a milestone in its trade journey, with total exports of goods and services reaching a record‑breaking $824.9 billion in fiscal year 2024–25. This marks a solid 6 percent increase over FY24’s $778 billion, despite headwinds such as high global interest rates, elevated shipping costs, and geopolitical uncertainties. With service exports alone contributing…

Immediate Financial Relief InitiatedAir India has commenced the disbursal of interim compensation of ₹25 lakh each to the families of both the deceased and survivors of the June 12 Ahmedabad Boeing 787 crash. As of June 20, three families have already received payments, while the remaining claims are being swiftly processed, a move aimed at…