Top-5 valued firms add Rs 1.54 lakh crore in market cap; TCS emerges biggest gainer

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Gold, silver under pressure this week as US-Iran conflict, oil rally cloud outlook

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India-UK ties to remain strong under new PM Andy Burnham, say strategic experts

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RIL Q1 profit plunges 25% to 23,000 crore, revenue up 25%

Reliance Industries saw a 25% profit decline, yet revenue grew significantly. Strong performances from oil-to-chemicals and Jio digital services boosted overall results. Jio's earnings climbed, supported by subscriber growth and increased average revenue per user. Retail and oil and gas divisions showed stable or slightly varied ebitda figures. The company maintains a healthy cash balance to cover its net debt obligations.

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Govt to take equity stakes in semiconductor startups

Works on a model of larger, milestone-linked funding

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UK backs India’s security concerns, says trade deal based on trust

The India-UK trade deal commenced, reflecting significant trust and cooperation between nations. This agreement is expected to boost both economies and enhance bilateral trade relations. Discussions also addressed national security and the extradition of financial fugitives. The pact aims to strengthen ties in defense, technology, and climate initiatives. Both countries anticipate increased GDP and financial trade following this landmark agreement.

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SpaceX shares fall below IPO price for first time since market debut, wiping out post-listing gains

SpaceX shares have fallen below their initial public offering price for the first time. This decline reflects a broader shift in market sentiment and investor enthusiasm. Analysts point to concerns over interest rates and AI stock momentum. Investors are now awaiting SpaceX's first quarterly earnings report as a listed company. Upcoming events include the expiry of the IPO lock-up period and Starship test flights.

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