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DXY holds around 99 mark; US PCE inflation data in focus
The dollar index is holding around 99 mark but broad momentum stays downbeat as optimism grows over a possible peace deal between US and Iran. However, renewed tensions and ongoing uncertainty around the strategic Strait of Hormuz is likely to keep DXY supported. US military reportedly confirmed it launched self-defense strikes in southern Iran, while Irans Revolutionary Guard claimed it targeted an American F-35 fighter jet and several drones that had allegedly violated Iranian airspace. Off late, Middle East tensions had driven a safe-haven flight to the US Dollar while simultaneously spiking oil prices, which fuels sticky US inflation and forces the Federal Reserve to delay rate cuts. Investor now shift focus towards upcoming PCE inflation data for further clues on the Feds future policy direction. The dollar index that measures the greenback against a basket of currencies is quoting at 98.99, down 0.12% on the day.
Supreme Court sets aside CCI’s ₹202 crore penalty on Amazon in Future Coupons case
The top court has ordered the refund of any amount deposited with interest, overturning the regulator’s action over Amazon’s 2019 Future Coupons investment and disclosure allegations.
KEC International bags orders worth Rs 1,300 cr in India, overseas
KEC International has secured new orders totaling Rs 1,303 crore. These orders span across its transmission and distribution, civil, renewable, and cables and conductors businesses. The company received projects in India and international markets. These wins are expected to drive KEC International's future growth. The RPG Group company is a major player in global infrastructure EPC.
Why Ranveer Singh could struggle to start his next film after ‘Don 3’ fallout
The Federation of Western India Cine Employees has banned actor Ranveer Singh from working with its members. This action follows his sudden exit from the film 'Don 3'. The federation's directive could create significant operational challenges for any future projects Singh undertakes. Legal experts suggest the directive has persuasive weight but its enforceability is not absolute.
Supreme Court Sets Aside CCI's Rs 202 Crore Penalty On Amazon In Future Coupons Deal Case
In addition to setting aside the penalty imposed by the CCI, the Supreme Court also directed that any amount deposited or recovered from Amazon be refunded within eight weeks.
Adanis set up largest single-site battery storage outside China
Adani Green Energy has commissioned a massive 3.37 GWh battery storage system in Khavda, Gujarat. This is the world's largest single-location battery storage outside China. The project was completed rapidly, enhancing grid reliability and enabling round-the-clock renewable power. Adani Green Energy plans significant future expansion of its battery storage capacity.
JK Tyres lines up Rs 4,900 crore capex plan till FY30
JK Tyre plans a massive 4,900 crore investment by FY30 to expand its production capacity. This significant outlay signals strong confidence in future demand across vehicle segments. The company is already undertaking a 1,130 crore expansion. This strategic move aims to increase capacity by nearly a fourth, with a focus on passenger car radial tyres.
JK Tyre charts Rs 4,900 crore capex to scale up capacity by 24% through FY30
JK Tyre has planned a Rs 4,900 crore capital expenditure through FY30 to expand production capacity by nearly 25%. The company reported strong FY26 earnings growth and expects healthy future demand across passenger and commercial vehicle segments, with major investments focused on its Chennai facility.
Jio Backs Airtel On 5G Network Slicing, Says Service Does Not Breach Net Neutrality Norms
Airtel claims restricting the use of advanced 5G capabilities can hurt India's future 6G ambitions.
Zee Entertainment appoints Shipra Wahi as chief sales officer for Zee5
Zee Entertainment Enterprises has appointed Shipra Wahi as Chief Sales Officer for its streaming platform, Zee5. Wahi will lead strategic revenue efforts, focusing on monetisation and building a future-ready digital sales ecosystem. She brings over 20 years of experience. This move aims to drive growth and enhance partner engagement for Zee5.
ET Alpha Wealth Summit: Future-proofing portfolios for the next decade
India's leading investment minds will converge at the ET Alpha Wealth Summit in Mumbai on June 4 to address market uncertainty and identify future alpha sources. Seasoned investors like S Naren and Radhika Gupta will share insights on navigating evolving markets, portfolio evolution, and emerging opportunities in India's growth story.
India’s office market faces widening funding gap as deployable capital trails demand
India's commercial real estate sector sees strong demand but faces a capital shortage for new projects. Available funds can only support a fraction of future office and warehousing needs. This gap presents a significant opportunity for investors. Experts suggest increased participation from domestic pension funds and insurers, along with simplified foreign investor taxation, can boost capital flows.