India’s edible oil imports increased 6.7 per cent year-on-year to nearly 13.39 lakh tonnes in May, driven mainly by higher shipments of crude soyabean oil, industry body Solvent Extractors’ Association of India (SEA) said on Friday, reported news agency PTI.According to SEA data, edible oil imports rose to 13,38,936 tonnes in May 2026 from 12,54,883…
India’s foreign exchange reserves declined by $711 million to $681.610 billion in the week ended June 5, dragged down by a sharp fall in foreign currency assets, according to data released by the Reserve Bank of India (RBI) on Friday, PTI reported.The decline follows an increase of $938 million in the previous reporting week, when…
SpaceX is set to make its debut on Wall Street on Friday, after a blockbuster IPO. The rocket and satellite giant raised a staggering $75 billion through the sale of 555,555,555 shares priced at $135 each, valuing the company at around $1.77 trillion. If the stock surges after listing, as many investors expect, SpaceX could…
Retail inflation, measured by the Consumer Price Index (CPI), rose to 3.93% in May 2026 from 3.48% in April, according to data released by the government on Friday.Food inflation also increased during the month, with the Consumer Food Price Index (CFPI)-based inflation rate rising to 4.78% from 4.20% in April, the government data showed.The CPI…
Pakistan is looking to expand exports of donkey meat and other donkey-derived products to China, where demand is being driven by the perceived “nutritional and medicinal properties” of such products, according to the Pakistan Economic Survey 2025-26 as reported news agency PTI.The survey, released on Thursday by finance minister Muhammad Aurangzeb, identified donkey meat exports…
SpaceX’s Wall Street debut is just hours away, and investors are betting that Elon Musk‘s aerospace empire could be worth more than $2 trillion once it starts trading publicly. According to shadow and prediction markets, there is strong excitement surrounding the aerospace giant ahead of one of the most closely watched stock market listings in…
Stock market rally today (AI image) Stock market today: Nifty50 and BSE Sensex rallied strongly in trade on Friday on hopes that the US and Iran will be able strike a peace deal. The Sensex soared more than 1,500 points, while the Nifty50 reclaimed the 23,500 mark. The sharp rally boosted the cumulative market capitalisation…
The US, country that once refused to export its fuel, has now climbed to the top spot in the global oil export rankings, overtaking crude heavyweights such as Saudi Arabia and Russia. As the world continues to feel the ripples of the ongoing Middle East crisis, US exports of crude and fuel reached around 10.5…
Rupee began Friday on a strong note, rising 65 paise to 95.20 against the US dollar in early trade, supported by falling global crude oil prices and indications from US President Donald Trump that a deal with Iran could be reached soon.According to forex traders, the currency also drew support from a weaker US dollar…
“Indian equity markets are expected to open on a strong positive note, with Gift Nifty trading around 23,456, up by 255 points, indicating robust opening cues for domestic indices. Global sentiment remains supportive amid easing concerns over major geopolitical developments and improving risk appetite across international markets. Positive global cues, coupled with stability in key…