Business

Brent Crude Nears $96 as Fresh US-Iran Strikes Renew Inflation Fears; Modi’s Gold Appeal Hits Jewellery Stocks

Renewed US-Iran military strikes have pushed Brent crude towards $96 a barrel, raising fears of inflation and economic pressure on India. The crisis has also rattled global markets and Indian gold and jewellery stocks.

Gold Price Surges by Rs 3,160 Per Sovereign, Hits August High

The price of one gram increased by Rs 395 to Rs 14,600, while silver also recorded a rise.

N Chandrasekaran to Step Down as Tata Sons Chairman

The Trust had taken a favourable position on extending his tenure for another five years, but one Trust member opposed the proposal.

Indian Markets Open Lower as Crude Oil Prices Surge Amid US-Iran Conflict

In early deals, the 30-share BSE Sensex shed 35.99 points to hit 78,097.31, while the 50-share NSE Nifty eased 31.15 points to 24,444.55.

Samsung Posts Record Revenue on Smartphone Sales, But Chip Profits Decline

Samsung Electronics reported a sharp increase in consolidated revenue for the first quarter of 2025, driven by strong sales of its latest smartphones. However, its semiconductor division experienced a notable downturn.

Tariffs or Not, Apple Sees No Benefit in Moving iPhone Production to the U.S.

President Donald Trump's administration has long touted its aggressive tariffs against China as a lever to push U.S. companies, including Apple, into relocating manufacturing back to American soil. But industry experts say this vision is fundamentally disconnected from global economic realities—and Apple’s continued reliance on China’s advanced industrial ecosystem is proof.