Global Markets

India’s wholesale inflation rose to 9.68% in May under the new WPI series. It exceeded forecasts as fuel and power inflation surged 30.33%.

Trump declared the US-Iran deal complete and authorised the opening of the Strait of Hormuz. Oil prices fell over 4%, Asian markets surged and Indian equities extended their recovery.

India is likely to gain preferential access to the US market worth over ₹2,850 lakh crore under the newly proposed trade pact. The bilateral trade between the countries is projected at ₹48 lakh crore.

The EU's proposed sanctions package targets 50 companies, including Indian entities, alongside banks and crypto platforms linked to Russia. Read more to understand the implications.

AI-driven gains in semiconductor stocks have sparked major market corrections in Korea and Taiwan, exposing global concentration risks.

India joins Anthropic’s Project Glasswing, gaining access to Mythos AI and opening new cybersecurity opportunities for technology firms.

The OECD has raised India's FY27 growth forecast by 20 basis points to 6.3%, but warned that energy price shocks from the West Asia conflict are weighing on economic activity and pushing inflation higher. Read ahead to know more.

The US Trade Representative has proposed additional duties of 10% or 12.5% on imports from 60 economies, including India, citing their failure to ban goods made with forced labour. India faces the higher 12.5% rate and the move adds a new complication to ongoing India-US trade talks. Read ahead to know more.

US President Trump cut tariffs on farm and industrial equipment from 25% to 15% until the end of 2027, with an additional 10% rate available for equipment using at least 85% US-sourced steel or aluminium.

South Korea has overtaken India to become the world's sixth-largest stock market, with its total market capitalisation surging 86% this year to $5 trillion, driven by a massive rally in AI-linked chipmakers Samsung Electronics and SK Hynix. India's market value has slipped to $4.8 trillion. Read ahead to know more.

India and the UK will hold talks on 2 June over Britain's steel safeguard measures and carbon border adjustment mechanism, which have emerged as sticking points in implementing the bilateral free trade agreement signed in July 2025. India has signalled it may rebalance duty concessions on Scotch whisky if these issues are not resolved. Read ahead to know more.

Anthropic has raised $65 billion in a Series H funding round at a post-money valuation of $965 billion, surpassing rival OpenAI's $852 billion valuation for the first time. The company's run-rate revenue has crossed $47 billion and it is on pace for its first profitable quarter. Read ahead to know more.