Oil prices slid to a two-month low after US President Donald Trump said a peace deal with Iran could be signed as early as this weekend, easing concerns over disruptions to global energy supplies.
Back home, Air India said compensation payments have reached the vast majority of families affected by the AI171 crash, one year after the tragedy.
Meanwhile, the government capped bulk diesel purchases, stepped up maritime vigilance in the Gulf, and raised price caps on key cancer medicines.
Oil falls to two-month low as Trump says Iran deal could be signed this weekend
Oil prices extended their decline on Friday, June 12, after US President Donald Trump said a peace agreement with Iran could be signed as soon as this weekend, raising hopes for an eventual easing of disruptions to global energy supplies.
AI171 Crash: Interim relief reaches 96% of families; 91% receive ₹1 crore ex-gratia
Exactly a year since the tragic Air India crash, families of 96% of those who died in the AI171 crash have received compensation of ₹25 lakh each so far while 91% of eligible families have also received the ₹1 crore ex-gratia assistance announced by the Tata Group, the airline told CNBC-TV18.
Govt caps retail diesel sales at 200 litres per vehicle per day to curb diversion, hoarding
The Centre has imposed a temporary cap on retail sales of High-Speed Diesel (HSD), restricting fuel stations from dispensing more than 200 litres per day to a single vehicle or customer, as it seeks to prevent bulk purchases, diversion and potential supply disruptions amid ongoing geopolitical uncertainties.
India steps up Gulf maritime vigilance after US strike kills 3 sailors off Oman
The central government has stepped up monitoring and response measures to safeguard Indian seafarers after three sailors were killed by a US strike in Oman.
India to remain fastest-growing major economy at 6.6% in FY27, down from 7.2% last year: World Bank
India will remain the world’s fastest-growing major economy, expanding at 6.6% in fiscal year 2026-27, a sharp moderation from 7.7% in the previous year, the World Bank said on Thursday (June 11).
MTAR Tech rebounds 10% on Bloom Energy project clarity; Here’s what the management said
Shares of MTAR Technologies Ltd. rebounded more than 10% on Friday, June 12, recovering most of the previous session’s losses after fresh updates indicated that a major data centre project linked to Bloom Energy remains on track.
COMEX gold rebounds 2%, silver surges over 4% amid inflation and geopolitical concerns
Gold and silver prices advanced on Friday (June 12), with silver outperforming the broader precious metals complex, as investors weighed persistent inflationary pressures, expectations of higher US interest rates and ongoing geopolitical uncertainty.
Rupee rises 39 paise against US dollar as crude oil prices ease
The Indian rupee opened 39 paise stronger against the US dollar on Friday (June 12), supported by a decline in global crude oil prices amid renewed optimism over a possible agreement between the United States and Iran.
India waives duty on specified nuclear power goods imported Apr 2019-Jan 2026
India’s finance ministry waived customs duties on all goods imported for nuclear power generation, covering imports made between April 1, 2019 and January 31, 2026, according to a government order dated June 11.
India raises price caps on key cancer drugs by 50%
The government has approved a one-time 50% increase in the ceiling prices of two key cancer medicines—Carboplatin and Cisplatin—in a move aimed at ensuring their continued availability amid rising input costs and supply disruptions.
India’s growth mix may have changed tangibly
The combined profits of Nifty 500 companies now account for 5.2% of the country’s national income, the largest proportion ever, according to analysis from Motilal Oswal, a Mumbai-based financial services firm.
