Oil prices rose about 5% on Monday after Iran’s Fars news agency ​reported an incident with a U.S. ​warship in the Strait of Hormuz, sparking concerns over a prolonged ​disruption in the vital oil transit route.Read More

The Indian rupee has reached its weakest point ever. This is due to increased demand for dollars and higher oil prices. India’s central bank is exploring ways to attract dollar inflows. These measures aim to strengthen foreign exchange reserves. The rupee faces pressure from rising oil costs linked to the Iran war. Capital outflows have...Read More

Milky Mist Dairy Food has raised Rs 482 crore in a Temasek-backed pre-IPO round, led by Jongsong Investments. The funding strengthens its balance sheet ahead of its planned market debut, signalling strong institutional interest in the value-added dairy brand as it accelerates expansion and prepares for listing.Read More

The Economic Times will host the ET Alpha Wealth Summit on June 4 in Mumbai. Fund managers and market veterans like Saurabh Mukherjea, S Naren, Nilesh Shah, Vikash Khemani, Rajeev Thakkar and Rajesh Saluja will discuss future wealth creation avenues. Sessions will explore identifying opportunities in a market with fewer cheap stocks.Read More

Shares of Kolkata-based companies surged after early trends in the West Bengal Assembly elections showed a strong lead for the BJP. Stocks like Baazar Style Retail, Senco Gold and CESC rallied on expectations of higher consumption and economic activity, although analysts caution that the market impact may remain short term.Read More

Silver prices plunged Rs 3,917 to Rs 2.47 lakh per kilogram in futures trade on Monday as elevated crude oil rates amid inflation concerns dampened investors sentiment.Read More

European shares ​ticked lower on Monday as European automakers came under pressure following threats of a U.S. tariff hike, while investors awaited signs of progress in reopening the Strait of Hormuz.Read More

Capri Global Capital is targeting ₹55,000 crore in assets under management by FY28. The non-banking financial company is focusing on growth through gold loans and co-lending arrangements. This strategy aims to boost fee income while maintaining profitability. The company plans significant expansion in its gold loan branch network over the next three years.Read More

Gold prices are consolidating near key support levels around Rs 1.5 lakh after a brief correction, with analysts recommending a buy-on-dips strategy. Market direction hinges on upcoming US Nonfarm Payrolls data, which could influence dollar strength and interest rate expectations, thereby determining gold’s next breakout or continued range-bound movement.Read More

CARE Ratings Limited and National Stock Exchange of India have launched PaRRVA, a framework to verify performance claims in the securities market. Conceptualised by Securities and Exchange Board of India, the platform aims to independently validate risk-return data and standardise disclosures for investors as market participation grows.Read More