03/06/2026
3 June 2026
*Today's News Headlines!!!*
*Economic Times*
π New producer price index set to replace WPI over next five years
π War shifts 80% of India's diesel exports to Africa
π US tariffs on agricultural machines to be cut, 50% metal levies stay
π SBI Chairman, Apple India MD among 29 members appointed to Board of Trade
π Oyo parent Prism gets Sebi nod for IPO; plans to raise Rs 6,650 crore: Sources
π Skyroot Aerospace forecasts Rs 977 crore in revenues by FY27, ahead of Vikram-1 launch
π ONDC raises Rs 220 crore from Zoho, Uber, Paytm, BSE; eyes additional capital
π Japanβs MUFG readies $250 million India fund as investor mix shifts in startup funding
*Business Standard*
π Alkem launches semaglutide pre-filled syringes in India at βΉ350
π Corporate bond issuances hit 3-year low in Apr-May amid West Asia war
π NHPC OFS subscribed 3.47 times on Day 1; govt eyes βΉ4,650 crore
π Welspun One eyes leasing 10 mn sq ft in 3 years, expand footprint
π Nomura raises March 2027 Nifty target to 25,900 on earnings strength
π Iran's inflation at 77.2% in May, highest level since World War II
π Godrej Industries enters wealth management, targets βΉ1 trillion AUM by 2031
π Ramky Infra eyes βΉ6,000 crore orders in FY27, explores carbon capture
π Fuel price hikes could add up to 48 bps to inflation, warns Crisil
π UPI expands international presence to Cambodia through KHQR linkage
π Adani firms report record $16 bn capex, all-time high Ebitda in FY26
π India's public cloud spending to grow 28% to $17.5 billion in 2026: Gartner
π Hero MotoCorp sales increase 12% to 570k units in May on strong demand
π Aquapulse raises βΉ45 crore to expand tech-led shrimp farming network
π Pension ULIPs jump 10-fold in FY26 as Indians focus on retirement: Report
π Meesho partners with BSE to drive IPO readiness for MSMEs, digital sellers
π Transrail bags new orders worth βΉ575 crore across T&D, pole businesses
*Financial Express*
π Olectra lines up Rs 700 cr for localisation drive
π Indian-founded Spiro raises $215 million to accelerate Africaβs EV and battery-swapping expansion
π India, US begin three-day talks to finalise interim trade deal amid tariff uncertainties
π EV pe*******on in India crosses 10% for first time, hits record 10.7% in May
π Early stress signs emerge in MSME credit: Report
π Cable, wire firms eye 30% revenue surge as copper, aluminium prices jump up to 27%
π Paras Defence bags Rs 53 crore order from BEL, FY26 order book nears Rs 1,000 crore
π Indian Railways logs 145 MT freight in May despite West Asia headwinds, passenger numbers cross 61 crore
*Mint*
π US yields dip as job openings jump, oil prices remain volatile
π India, UK step up efforts to operationalize trade pact
π CMR Green Technologies raises βΉ188 crore from anchor investors
π REITs distribute βΉ8900 cr to unitholders in FY26, 50% increase in disbursements
π Trump signs executive order directing companies to share AI models with govt
π DevX enters Bengaluru with 1.11 lakh sq ft office leases in Prestige projects
π Centreβs domestic financing nearly doubles to βΉ3.6 trn in April, easing pressure
π Blackstone raises $13.1 billion in its largest Asia private-equity fund.