Category: Business
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Can India become a mango export powerhouse? Opportunities, challenges and road ahead
India’s king of fruits is sweet, fragrant and beloved across continents. Every summer, Alphonso, Kesar, Dasheri, Langra and Chausa mangoes trigger memories of family gatherings, school vacations and seasonal indulgence.Yet India’s position in global trade tells a very different story.For a country that dominates global production, it contributes only about 2-3 per cent of global…
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Edible oil imports rise 6.7% in May, higher soyabean oil shipments drive growth
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…
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Forex reserves slip by $711 million to $681.6 billion, fall in foreign currency assets weighs
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…
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US-Iran war impact: Retail inflation rises marginally to 3.93% in May, food inflation edges up to 4.78%
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…
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Why is stock market rallying today? BSE Sensex rises over 1,500 points, Nifty50 back above 23,500 – top reasons for rise
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…
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How US went from barring oil exports to becoming world’s top crude seller
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…
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Stock Market Live Updates Today: BSE Sensex opens almost 1,000 points up, Nifty50 goes above 23,400 as Trump signals US-Iran deal; crude oil prices drop below $90
“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…
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Gold, Silver Rate Today Live Updates: MCX Gold, MCX Silver prices rally; International gold prices set for weekly decline
Gold and silver prices continued their upward momentum on Friday, posting gains for a second consecutive session on the Multi Commodity Exchange (MCX). The rally came after crude oil prices dropped to their lowest level in two months amid growing optimism over progress towards a potential peace agreement between the US and Iran. In domestic…
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Rupee in green: Currency jumps to 95.20 against US dollar on Middle East peace hopes
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…
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Elon Musk’s SpaceX raises $75 billion in record IPO debut: 10 things to know
SpaceX is set for a rare and historic Wall Street debut, raising $75 billion in what could become the largest IPO ever. The listing is expected to value Elon Musk‘s rocket and satellite company at nearly $1.8 trillion.The listing marks a new chapter for the company that began more than two decades ago with ambitions…
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