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Iran fires 7 ballistic missiles toward Kuwait, Bahrain after US down drones

Iran fired ​seven ballistic ​missiles toward Kuwait and Bahrain ​hours after Centcom shot down four Iranian one-way attack drones that were launched toward ​the Strait of Hormuz

US military downs four Iranian drones launched toward Strait of Hormuz

US Central Command said it hit the radar sites, including an island in the strait, 'to defend against further attacks'

Nasdaq drops 4.2% as rate hike fears, West Asia conflict hit stocks

On Wall Street, all three indexes ended lower, led by a selloff in technology shares, including AI chipmaker Nvidia

Netflix names longtime director Jay Hoag chairman after Reed Hastings' exit

The streaming ​platform announced the move in an SEC filing on Friday, saying Hoag assumed the role following its annual shareholders meeting on June 4

SpaceX lands major AI deal with Google after Anthropic win ahead of IPO

The pact brings another high-profile customer to SpaceX, after Anthropic, strengthening its AI narrative as it targets a $75 billion raise in its upcoming initial public offering

NASA reverses evacuation alert order for astronauts aboard space station

NASA ordered ISS astronauts to prepare for evacuation after an air leak worsened in Russia's Zvezda module, before later lifting the alert

Iran declares support for Hezbollah with wider peace deal in doubt

Tehran links any US-brokered peace deal to a Hezbollah-Israel ceasefire and Israeli withdrawal from southern Lebanon, complicating regional truce efforts

Anthropic urges AI labs to pause development, warns of risks

Anthropic has urged leading AI firms to consider a coordinated pause in development, warning that self-improving AI could outpace society's ability to manage risks

ICICI Prudential AMC caps gold ETF subscriptions amid demand surge

The company said it will not accept direct subscriptions of more than 250 million rupees ($2.63 million) in the ETF until further notice

Trump's lawyers sought to halt discovery in $10 billion BBC lawsuit

Trump has accused the BBC of defaming him by splicing together parts of a January 6, 2021, speech to make it appear that he directed supporters to storm the US ‌Capitol

Oman suspends oil loading at Mina al Fahal terminal after drone attack

The explosion occurred between single-buoy mooring (SBM) 1 and 2 berths due to an alleged drone attack

Asian stocks tumble as AI rally pauses, US-Iran peace talks stall

An AI-driven rally that boosted stocks earlier in the week fizzled out as chipmaker Broadcom reported underwhelming results

Overseas investors pivot to short India debt ahead of policy turn

Overseas investors overall bought bonds worth ₹22,100 crore in January-February, while in March, they sold a record ₹17,700 crore, before turning buyers in April-May

Global companies exploit India's IPO boom to take profits back home

Sky-high Indian valuations are prompting foreign firms to use IPOs for partial exits and profit repatriation, with many preferring cashing out investments over raising fresh capital for expansion

India gold ETFs post first net outflow in a year as investors lock in gains

The outflow could reduce import demand in the world's second-largest gold consumer, helping narrow the trade deficit and support the rupee, one of Asia's worst-performing currencies

Monsoon reaches Kerala after three day delay, brings relief from heatwave

Last month, the India Meteorological ‌Department forecast an El Nino-weakened monsoon in 2026 that ‌will bring ​the lowest rainfall ​in 11 years

How markets are likely to react to RBI's interest rate and policy guidance

While a majority of economists expect the central bank to ​keep rates unchanged, some market indicators like overnight indexed swaps are already pricing in a rate hike

Centre plans ₹3,000 cr incentive outlay to boost lithium, nickel processing

Nickel and lithium are critical to India's EV ‌supply chain, especially when it comes to batteries, as New Delhi targets 30 per cent ​electric ‌car penetration and 80 per cent for two-wheelers by 2030

Govt plans to scrap capital gains tax for FPIs in govt bonds: Report

The South Asian nation is looking to attract foreign capital to counteract pressure on its rupee currency, which has weakened more than 5 per cent since the start of the year

India's tougher grid rules unsettle investors, test clean energy ambitions

Industry groups estimate the tougher regime could cut revenue by about 11 per cent for solar projects and as much as 48 per cent for wind farms