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Oman has eliminated the existing 5 per cent MFN duty on these products, enhancing the competitiveness of Indian exporters

The recommendation comes as nearly 78 per cent of ongoing corporate insolvency resolution process (CIRP) cases have exceeded the prescribed 270-day timeline

The initiative is expected to strengthen decentralised planning, evidence-based policymaking and regional development analysis

President Donald Trump will attend the G7 summit in France. He will depart immediately after hosting UFC World Championship fights at the White House on June 14. The summit is scheduled from June 15 to June 17. This meeting is crucial as it follows joint US-Israel military operations against Iran.

Securities and Exchange Board of India has barred Rajesh Mehta, chairman of Rajesh Exports, from trading company shares. A forensic probe uncovered alleged revenue inflation and fund diversion over four years. The regulator found the company presented a misleading financial picture. Sebi has ordered a fresh audit and referred auditors' conduct for action.

The contract involves the design, manufacturing, supply, and supervision of erection and commissioning of eight gas turbine generator packages for a petroleum refinery and polypropylene plant in the Dangote Industries Free Zone, Nigeria

Suzlon plans to invest ₹500 crore in DevCo and an additional ₹600-700 crore in other businesses during FY27

The transaction involved the sale of 5.65 crore shares at ₹508.55 apiece, reducing SoftBank’s holding in the eyewear company to 9.88 per cent from 13.13 per cent.

Lebanon and Israel have agreed to a ceasefire. This follows negotiations facilitated by the United States. The agreement hinges on Hezbollah halting all fire and withdrawing operatives. Pilot zones will be established where Lebanese Armed Forces will have exclusive control. This marks a significant step towards de-escalation in the region. Further direct negotiations are planned.

The U.S. House of Representatives voted to block President Donald Trump from continuing the war against Iran. This marks a rare bipartisan effort to curb presidential war powers. The vote reflects growing concern among members of his party about the ongoing conflict. The resolution faces an uphill battle in the Senate and a likely veto from the President.

The US Trade Representative has proposed an additional 12.5% duty on 54 countries, including India, over alleged failure to restrict imports of goods produced with forced labor. This move, seen as a pressure tactic, comes as India and the US are negotiating an interim trade deal.

Peak XV Partners is reportedly leading a $10 million funding round for Bengaluru-based voice AI startup Ringg AI, highlighting investor enthusiasm for the technology. This move underscores the growing recognition of voice AI beyond call centers, with investors now segmenting the market into various applications. The trend signals a significant shift towards voice as a primary interface, especially in India.

Bengaluru-based fintech WeRize has secured $28 million in a funding round led by Sony Innovation Fund. The capital will bolster its AI and technology capabilities, expanding its product offerings to include mutual funds, bonds, credit cards, and housing loans. WeRize targets consumers in smaller cities, distributing financial products through local distributors via its AI-driven platform.

PixelSky Capital, backed by IndigoEdge and Yumlane founder Hitesh Ahuja, has invested Rs 40-45 crore in waste-to-energy firm GPS Renewables. The company builds compressed biogas plants, aligning with India's energy security goals. PixelSky aims for a final close of its Rs 400 crore Fund-I by July.

Several Indian organisations in cyber, telecom, finance and banking have gained early access to Anthropic's advanced Claude Mythos AI model. The govt is actively working to expand this access, with select public entities, including CERT-In, set to receive previews. This initiative aims to bolster cybersecurity for India's critical infrastructure.

Indian tech investors are increasingly establishing a presence in the US, particularly in the Bay Area, to tap into the booming AI sector. This strategic move aims to foster closer relationships with innovative startups and secure a competitive edge in a market dominated by AI advancements.

The FMCG major, which is investing ₹2,000 crore to expand manufacturing capacity in premium categories, said median employee remuneration rose 6.08 per cent during the year.

India's agricultural output and inflation face heightened concerns as the India Meteorological Department forecasts a stronger probability of deficient rainfall. However, the impact on agriculture GVA and overall GDP growth is expected to be limited due to a weakening correlation with rainfall over the past two decades, attributed to factors like increased irrigation and a growing share of non-crop sectors.

Indian IT stocks experienced their steepest single-day fall in nearly four months, plunging over 5% as concerns about AI's impact on revenue streams resurfaced. The Nifty IT index slumped, dragging the broader market lower, with analysts citing immense pressure and uncertainty driving liquidation. While the sector's recovery is questioned, significant further downside is not anticipated.

Aaron Judge, who last played Sunday, underwent imaging on the team’s day off Monday, met with Yankees team physician Dr. Christopher Ahmad on Tuesday and saw a specialist Wednesday.

The Indian rupee weakened against the US dollar on Wednesday. This decline was driven by escalating tensions in the Gulf region and a subsequent rise in oil prices. The rupee touched 95.70 against the dollar. Higher oil prices impacted the currency. Peace talks between Tehran and Washington showed little progress. The government is finalizing measures to attract foreign capital.

The Los Angeles socialite who was convicted of murder for killing two young boys with her car during a chase with her lover was sentenced to 15 years to life in prison in 2024.

Pasadena's California Institute of Technology was named the hardest college to get into in America, but many schools in the state made the top 35 ranking.

Investors can explore manufacturing mutual funds for portfolio diversification. The sector shows strong potential driven by domestic demand and global supply chain realignments. Experts suggest a staggered investment approach over six months. The Nifty Manufacturing Index offers distinct exposure compared to the Nifty 50. This theme is poised for growth, supported by policy and evolving global needs.

New York should not expect miracles. But go ahead and root for this Odell Beckham Jr.