Today's Business News Headlines from:
Economic Times
Dust storm, light rain hit parts of Delhi-NCR; IMD predicts more showers, strong winds
LinkedIn lays off hundreds as tech giants continue to cut jobs
Singapore remains biggest FDI source for India for 7th straight year
Shubhanshu Shukla set to script history as India's second astronaut in space
Sun Pharma lines up USD 100 mn to commercialise niche products this fiscal
Value of homes sold in India’s top 15 tier 2 cities increased by 6% in Q1 2025.
BigBasket pilots 10-minute food delivery with Starbucks, Qmin in Bengaluru
Business Standard:
IndiGo expands network with Air France-KLM, Virgin Atlantic, Delta deal
Passenger vehicle sales remain flat, wholesale numbers up marginally in May
Power consumption down 4% in May due to early monsoon, unseasonal rains
Telcos slam Trai satellite spectrum charges as 'unjustifiably low'
BCCL files IPO papers with Sebi, CIL to offload 465.7 million shares
LIC tops PSUs chart with record Rs 19,013 crore profit in Q4FY25
UPI numbers hit all-time high in May, cross Rs 25 trn for the first time
Reliance Infrastructure targets Rs 3,000 crore defence exports in 2 years
Air India in talks with Airbus and Boeing for major aircraft order
Ikea to amplify sourcing from India to 50% for its global operations
RBI likely to deliver 3rd consecutive rate cut of 25 bps on Friday: Experts
Kia India dispatches rise 14%, TVS Motor sales increase 17% in May
Prestige Group to launch housing projects worth Rs 42,000 cr in FY26
Active Covid-19 cases in India rise to 3,758; 2 deaths reported in 24 hours
Indian Oil finalises India's largest green hydrogen project at Panipat
Govt cuts natural gas price for CNG, cooking use for first time in 2 yrs
Toyota Motor's sales rise 22% to 30,864 units in May on strong demand
ADB announces $10 billion plan to transform India's urban infra, services
4 top valued firms see ₹1 trn jump in market valuation, LIC biggest winner
Jet fuel price cut by 3% to ₹83,072/kl on softening global oil benchmarks
FPIs infuse ₹19,860 cr in May on strong domestic fundamentals, global cues
Financial Express:
Gross GST collections surge 16.4% to Rs 2.01 lakh crore in May
RBI imposes Rs 54.78 crore in penalties on banks and NBFCs in FY25 over regulatory violations
World’s Richest Family: Waltons’ $432 billion empire surpasses economies of nations
Rekha Jhunjhunwala’s holdings trading at over 40% discount
Mitsubishi, Sumitomo to invest in 1.5 million sq ft Mumbai office project
Mint:
Fintechs seek easier provisioning for default loss guarantee-backed loans
Mphasis to lose FedEx business, accounting for 8% of total revenue
Welspun Group sees strong US biz despite tariffs, expands into water management
Tech-savvy construction firms attract global interest as India goes big on infrastructure
GIFT Nifty sets all-time high monthly turnover of $102.35 billion in May 2025
Piyush Goyal commences five-day official visit to France, Italy
Southeast Asia Joins Europe’s Calls to Defend Subsea Cables.
Economic Times
Dust storm, light rain hit parts of Delhi-NCR; IMD predicts more showers, strong winds LinkedIn lays off hundreds as tech giants continue to cut jobs Singapore remains biggest FDI source for India for 7th straight year Shubhanshu Shukla set to script history as India's second astronaut in space Sun Pharma lines up USD 100 mn to commercialise niche products this fiscal Value of homes sold in India’s top 15 tier 2 cities increased by 6% in Q1 2025. BigBasket pilots 10-minute food delivery with Starbucks, Qmin in BengaluruBusiness Standard:
IndiGo expands network with Air France-KLM, Virgin Atlantic, Delta deal Passenger vehicle sales remain flat, wholesale numbers up marginally in May Power consumption down 4% in May due to early monsoon, unseasonal rains Telcos slam Trai satellite spectrum charges as 'unjustifiably low' BCCL files IPO papers with Sebi, CIL to offload 465.7 million shares LIC tops PSUs chart with record Rs 19,013 crore profit in Q4FY25 UPI numbers hit all-time high in May, cross Rs 25 trn for the first time Reliance Infrastructure targets Rs 3,000 crore defence exports in 2 years Air India in talks with Airbus and Boeing for major aircraft order Ikea to amplify sourcing from India to 50% for its global operations RBI likely to deliver 3rd consecutive rate cut of 25 bps on Friday: Experts Kia India dispatches rise 14%, TVS Motor sales increase 17% in May Prestige Group to launch housing projects worth Rs 42,000 cr in FY26 Active Covid-19 cases in India rise to 3,758; 2 deaths reported in 24 hours Indian Oil finalises India's largest green hydrogen project at Panipat Govt cuts natural gas price for CNG, cooking use for first time in 2 yrs Toyota Motor's sales rise 22% to 30,864 units in May on strong demand ADB announces $10 billion plan to transform India's urban infra, services 4 top valued firms see ₹1 trn jump in market valuation, LIC biggest winner Jet fuel price cut by 3% to ₹83,072/kl on softening global oil benchmarks FPIs infuse ₹19,860 cr in May on strong domestic fundamentals, global cuesFinancial Express:
Gross GST collections surge 16.4% to Rs 2.01 lakh crore in May RBI imposes Rs 54.78 crore in penalties on banks and NBFCs in FY25 over regulatory violations World’s Richest Family: Waltons’ $432 billion empire surpasses economies of nations Rekha Jhunjhunwala’s holdings trading at over 40% discount Mitsubishi, Sumitomo to invest in 1.5 million sq ft Mumbai office projectMint:
Fintechs seek easier provisioning for default loss guarantee-backed loans Mphasis to lose FedEx business, accounting for 8% of total revenue Welspun Group sees strong US biz despite tariffs, expands into water management Tech-savvy construction firms attract global interest as India goes big on infrastructure GIFT Nifty sets all-time high monthly turnover of $102.35 billion in May 2025 Piyush Goyal commences five-day official visit to France, Italy Southeast Asia Joins Europe’s Calls to Defend Subsea Cables.