Latest Economy Stock Market News

Nestlé is cutting 80 jobs at its Czech Krupka plant, about 20% of the workforce, due to weakening demand for plant-based meat products. Layoffs will begin in September. The company cited slower market growth and lower-than-expected demand, prompting a portfolio repositioning to align with evolving consumer preferences.

Lam Research (LRCX) has outperformed the semiconductor industry, rising 25.3% YTD, driven by strong demand for AI and data center chips. The company shipped over $1 billion in next-gen chip products in 2024, with expectations to triple in 2025. Its Cryo 3.0 and Aether technologies, along with cost-efficient manufacturing, boosted margins to 32.8%.

Fed Vice Chair Michelle Bowman suggests a rate cut may be necessary soon, citing concerns about the job market and controlled inflation. She supports lowering rates at the next meeting if inflation remains stable. Bowman, who backed the Fed's recent decision to hold rates steady, noted minimal impact from tariffs on inflation. Fed Governor Christopher Waller also supports a potential rate cut.

U.S. existing home sales rose 0.8% in May to a seasonally adjusted annual rate of 4.03 million units, defying expectations of a decline. Despite the increase, sales remained weak due to high mortgage rates, with the year-over-year pace falling 0.7%. The median home price hit a record $422,800, while inventory surged 20.3% from a year ago.

India is prioritizing a mutually beneficial trade deal with the U.S. over meeting the July 9 deadline, focusing on protecting sensitive sectors like agriculture and dairy. Officials plan to visit the U.S. for further discussions, aiming for a win-win agreement. India seeks a Bilateral Trade Agreement to avoid higher tariffs, with talks expected in the fall.

Larsen & Toubro L&T successfully lists India’s first ESG bonds on NSE, raising ₹500 crore via 6.35% three-year NCDs. Issued under SEBI’s ESG framework, the bonds support L&T’s sustainability goals, including water and carbon neutrality targets by 2035 and 2040, aligning with national net-zero objectives.

Warburg Pincus is in talks with Premji Invest and State Bank of India about selling them its stake of about 10% in SBI General Insurance Co., according to people familiar with the matter. The firm is finalizing details of an agreement with Premji Invest — the family office of Wipro Ltd. founder Azim Premji — and State Bank of India, the people said, asking not to be identified.

FPIs invested Rs 5,592 crore in Indian equities, while DIIs sold Rs 1,874 crore. FPIs have invested Rs 9,489 crore in June so far, with DIIs contributing Rs 54,912 crore. Year-to-date, FPIs have withdrawn Rs 1.2 lakh crore, while DIIs infused Rs 3.4 lakh crore. The Nifty 50 fell 141 points, but broader markets gained. Geopolitical tensions and oil price volatility impacted sentiment.

Garware Technical Fibres Ltd acquired Norway-based Offshore & Trawl Supply AS (OTS) through its UK subsidiary to strengthen its global presence in the offshore, aquaculture, and marine sectors. The move expands GTFL's product portfolio and geographic reach, aligning with its growth strategy. The acquisition, funded internally, is expected to enhance financial metrics and operational efficiency.

Shares of server solutions provider Super Micro (NASDAQ:SMCI) fell 5.8% in the morning session after the company announced a proposed offering of $2.0 billion in convertible senior notes due 2030. The stock was likely down due to concerns about the dilutive effect of the notes, which can be converted to the company's ordinary stock, raising the total share count.

India will conduct its first survey on household income and savings across social, income, and religious groups in 2026. A technical expert group led by Surjit Bhalla will guide the process, drawing from surveys in Australia, USA, Canada, and South Africa. Previous attempts in 1955 and 1958 failed to yield results.

Estée Lauder shares rose 5.4% after Deutsche Bank upgraded the stock to Buy, raising its price target to $95, citing fading demand concerns in the beauty sector. The company's strategy, including expanded focus beyond China and travel retail, accelerated product innovation, and localized decision-making, was praised. Shares closed at $78.20, up 4% from the previous day.

Private equity and venture capital funding in India dropped sharply to $2.4 billion in May, marking a 68% decline from May 2024 and a 53% fall from April. Deal volumes fell 24% year-on-year to 97 transactions. Startups saw a 21% increase in investments, while financial services led with $758 million across 21 deals.

Rogers Communications Inc. (RCI) shows high implied volatility in its options, signaling an expected significant move. Analysts have mixed views, with a slight increase in earnings consensus. RCI holds a Zacks Rank #3 (Hold) in a top 37% industry, indicating a stable position amid market expectations.

The Zacks Transportation sector faces challenges like rising expenses, inflation, and geopolitical tensions, leading to a 10.1% year-over-year decline. However, dividend-paying stocks in this sector, such as Expeditors International, FedEx, and Delta Air Lines, offer resilience with sustainable payout ratios and dividend growth, providing a stable investment option amid volatility.

Amarjeet Singh, a SEBI whole time member, emphasized the "family test" for mutual fund industry participants, urging them to prioritize trust and ethical conduct. He stressed the importance of self-regulation, transparency, and avoiding short-termism to build investor trust and ensure market integrity. SEBI is collaborating with AMFI to focus on outcomes and long-term investor value.

Nestlé is cutting 80 jobs at its Czech Krupka plant, about 20% of the workforce, due to weakening demand for plant-based meat products. Layoffs will begin in September. The company cited slower market growth and lower-than-expected demand, prompting a portfolio repositioning to align with evolving consumer preferences.

Lam Research (LRCX) has outperformed the semiconductor industry, rising 25.3% YTD, driven by strong demand for AI and data center chips. The company shipped over $1 billion in next-gen chip products in 2024, with expectations to triple in 2025. Its Cryo 3.0 and Aether technologies, along with cost-efficient manufacturing, boosted margins to 32.8%.

Fed Vice Chair Michelle Bowman suggests a rate cut may be necessary soon, citing concerns about the job market and controlled inflation. She supports lowering rates at the next meeting if inflation remains stable. Bowman, who backed the Fed's recent decision to hold rates steady, noted minimal impact from tariffs on inflation. Fed Governor Christopher Waller also supports a potential rate cut.

U.S. existing home sales rose 0.8% in May to a seasonally adjusted annual rate of 4.03 million units, defying expectations of a decline. Despite the increase, sales remained weak due to high mortgage rates, with the year-over-year pace falling 0.7%. The median home price hit a record $422,800, while inventory surged 20.3% from a year ago.

India is prioritizing a mutually beneficial trade deal with the U.S. over meeting the July 9 deadline, focusing on protecting sensitive sectors like agriculture and dairy. Officials plan to visit the U.S. for further discussions, aiming for a win-win agreement. India seeks a Bilateral Trade Agreement to avoid higher tariffs, with talks expected in the fall.

Larsen & Toubro L&T successfully lists India’s first ESG bonds on NSE, raising ₹500 crore via 6.35% three-year NCDs. Issued under SEBI’s ESG framework, the bonds support L&T’s sustainability goals, including water and carbon neutrality targets by 2035 and 2040, aligning with national net-zero objectives.

Warburg Pincus is in talks with Premji Invest and State Bank of India about selling them its stake of about 10% in SBI General Insurance Co., according to people familiar with the matter. The firm is finalizing details of an agreement with Premji Invest — the family office of Wipro Ltd. founder Azim Premji — and State Bank of India, the people said, asking not to be identified.

FPIs invested Rs 5,592 crore in Indian equities, while DIIs sold Rs 1,874 crore. FPIs have invested Rs 9,489 crore in June so far, with DIIs contributing Rs 54,912 crore. Year-to-date, FPIs have withdrawn Rs 1.2 lakh crore, while DIIs infused Rs 3.4 lakh crore. The Nifty 50 fell 141 points, but broader markets gained. Geopolitical tensions and oil price volatility impacted sentiment.

Garware Technical Fibres Ltd acquired Norway-based Offshore & Trawl Supply AS (OTS) through its UK subsidiary to strengthen its global presence in the offshore, aquaculture, and marine sectors. The move expands GTFL's product portfolio and geographic reach, aligning with its growth strategy. The acquisition, funded internally, is expected to enhance financial metrics and operational efficiency.

Shares of server solutions provider Super Micro (NASDAQ:SMCI) fell 5.8% in the morning session after the company announced a proposed offering of $2.0 billion in convertible senior notes due 2030. The stock was likely down due to concerns about the dilutive effect of the notes, which can be converted to the company's ordinary stock, raising the total share count.

India will conduct its first survey on household income and savings across social, income, and religious groups in 2026. A technical expert group led by Surjit Bhalla will guide the process, drawing from surveys in Australia, USA, Canada, and South Africa. Previous attempts in 1955 and 1958 failed to yield results.

Estée Lauder shares rose 5.4% after Deutsche Bank upgraded the stock to Buy, raising its price target to $95, citing fading demand concerns in the beauty sector. The company's strategy, including expanded focus beyond China and travel retail, accelerated product innovation, and localized decision-making, was praised. Shares closed at $78.20, up 4% from the previous day.

Private equity and venture capital funding in India dropped sharply to $2.4 billion in May, marking a 68% decline from May 2024 and a 53% fall from April. Deal volumes fell 24% year-on-year to 97 transactions. Startups saw a 21% increase in investments, while financial services led with $758 million across 21 deals.

Rogers Communications Inc. (RCI) shows high implied volatility in its options, signaling an expected significant move. Analysts have mixed views, with a slight increase in earnings consensus. RCI holds a Zacks Rank #3 (Hold) in a top 37% industry, indicating a stable position amid market expectations.

The Zacks Transportation sector faces challenges like rising expenses, inflation, and geopolitical tensions, leading to a 10.1% year-over-year decline. However, dividend-paying stocks in this sector, such as Expeditors International, FedEx, and Delta Air Lines, offer resilience with sustainable payout ratios and dividend growth, providing a stable investment option amid volatility.

Amarjeet Singh, a SEBI whole time member, emphasized the "family test" for mutual fund industry participants, urging them to prioritize trust and ethical conduct. He stressed the importance of self-regulation, transparency, and avoiding short-termism to build investor trust and ensure market integrity. SEBI is collaborating with AMFI to focus on outcomes and long-term investor value.

Globe Civil Projects, a New Delhi-based EPC company, raised Rs 35.7 cr from six institutional investors via anchor book ahead of its IPO. The public issue, open from June 24-26, has a price band of Rs 67-71 per share. The IPO comprises 1.67 cr fresh equity shares, aiming to raise Rs 119 crore at the upper end. Proceeds will fund working capital, equipment purchases, and general corporate purposes.

Fed plans to revise bank leverage rules, starting with a proposal to ease capital requirements. Fed Vice Chair Michelle Bowman noted this as a first step in broader reforms, possibly adjusting surcharges for large banks and asset thresholds. Changes may include indexing rules to economic growth, ensuring banks can expand without stricter oversight, while maintaining strong capital for stability.

The Financial Services Institutions Bureau (FSIB) invited applications for Managing Director and CEO at Canara Bank, with a deadline of July 21, 2025. Eligibility includes 45-57 years of age and 15 years of banking experience, including one year at the Board level. The term is three years, extendable, with a pay scale of Rs 2,05,400 – Rs 2,24,400. K Satyanarayana Raju currently holds the position.

India is enhancing its energy security amid Middle East tensions by diversifying oil sources and expanding renewables. Renewable capacity now stands at 36% of total installed capacity, while coal imports have dropped to 23% of domestic production. Despite rising crude demand, India has reduced its reliance on Middle Eastern oil from 65% to 46.5%, bolstering resilience.

Prosus reported strong performance in its Indian portfolio, with Swiggy's IRR at 23% and PayU at 13%. Swiggy's GOV grew 29%, while adjusted Ebitda losses narrowed to $182 million. PayU's payments volume and revenue rose 17% and 14%, respectively. Overall, Prosus' core earnings jumped 47% to $7.4 billion, with revenue up 21% to $6.2 billion.

Allspring Municipal Bond A (WMFAX) holds a Zacks Mutual Fund Rank of 5 (Strong Sell) due to poor performance and high risk. It has a 5-year annualized return of 0.62% and a 3-year return of 1.45%, both underperforming its category. The fund is less volatile with a lower standard deviation and beta but has a negative alpha.

U.S.-based private equity firm Warburg Pincus is in discussions to sell its 10% stake in SBI General Insurance to Premji Invest and SBI. The deal could value the company at up to $4.5 billion. SBI currently owns 70% of SBI General Insurance, with Premji Invest and Warburg Pincus holding minority stakes acquired in 2019.

The National Stock Exchange of India (NSE) announced that the expiry day for index and stock derivatives contracts will shift from Thursday to Tuesday, effective August 28, 2025. This change applies to NIFTY, BANKNIFTY, FINNIFTY, MIDCPNIFTY, NIFTYNXT50, and single-stock derivatives, with no changes to other contract specifications.

U.S. stock futures are flat as global stocks rise slightly and oil prices stabilize amid Middle East tensions. The U.S. struck Iranian nuclear sites, and Iran's parliament approved closing the Strait of Hormuz, a key oil transit route. Analysts warn this would harm Iran, which relies on oil exports to China. Oil prices are up 0.4%, while U.S. futures show minor gains.

The Vanguard Mega Cap Value ETF (MGV), launched in 2007, provides exposure to large-cap value stocks in the U.S. With $9.16 billion in assets, it has a 0.07% expense ratio and a 2.23% dividend yield. The fund is heavily weighted in Financials (27.60%), with top holdings including Berkshire Hathaway, JPMorgan, and Exxon.

CIPFA has responded to the UK government's consultation on local government finance reforms, expressing cautious optimism. While welcoming efforts to simplify funding allocations and multi-year settlements, CIPFA highlights unresolved challenges, including SEND deficits, warning of a potential financial crisis for councils if these issues remain unaddressed.

Apple, a tech giant with a strong track record of earnings growth and a competitive moat, is currently undervalued. Despite concerns over potential tariffs and slower AI adoption, Apple’s growing services revenue, loyal customer base, and strategic production shifts to India position it as a bargain for long-term investors, trading at 27 times forward earnings.

A $1,000 monthly investment in the Invesco QQQ Trust ETF, tracking the Nasdaq-100, could grow to $10 million over 30 years using dollar-cost averaging. The ETF, heavily weighted in tech stocks like Microsoft, Nvidia, and Apple, is poised for growth as AI evolves, emphasizing long-term consistency and patience.

Zerodha founders Nikhil and Nithin Kamath acquired a minority stake in InCred Holdings, purchasing Rs 250 crore worth of shares. InCred, planning an IPO to raise Rs 4,000-5,000 crore, recently expanded into retail broking by acquiring Stocko. The group reported Rs 1,267 crore in revenue and Rs 316 crore PAT, with a loan book over Rs 10,000 crore.

The Indian rupee fell 16 paise to 86.75 against the dollar on June 23, driven by Middle East tensions and rising oil prices. Geopolitical risks from US-Iran conflict and higher oil imports impacted the currency. Indian stock markets also declined, with Sensex dropping 500 points and Nifty 140 points.

Allcargo Logistics reported mixed performance in May 2025, with LCL volumes rising 3% month-on-month to 728,000 cubic meters but down 4% year-on-year. FCL volumes remained stable at 56,684 TEUs, up 6% annually. Air freight rose 12% month-on-month to 3.06 million kilos, despite declines in some regions. The company noted cautious optimism amid demand volatility.

Nestlé is cutting 80 jobs at its Czech Krupka plant, about 20% of the workforce, due to weakening demand for plant-based meat products. Layoffs will begin in September. The company cited slower market growth and lower-than-expected demand, prompting a portfolio repositioning to align with evolving consumer preferences.

Lam Research (LRCX) has outperformed the semiconductor industry, rising 25.3% YTD, driven by strong demand for AI and data center chips. The company shipped over $1 billion in next-gen chip products in 2024, with expectations to triple in 2025. Its Cryo 3.0 and Aether technologies, along with cost-efficient manufacturing, boosted margins to 32.8%.

Fed Vice Chair Michelle Bowman suggests a rate cut may be necessary soon, citing concerns about the job market and controlled inflation. She supports lowering rates at the next meeting if inflation remains stable. Bowman, who backed the Fed's recent decision to hold rates steady, noted minimal impact from tariffs on inflation. Fed Governor Christopher Waller also supports a potential rate cut.

U.S. existing home sales rose 0.8% in May to a seasonally adjusted annual rate of 4.03 million units, defying expectations of a decline. Despite the increase, sales remained weak due to high mortgage rates, with the year-over-year pace falling 0.7%. The median home price hit a record $422,800, while inventory surged 20.3% from a year ago.

India is prioritizing a mutually beneficial trade deal with the U.S. over meeting the July 9 deadline, focusing on protecting sensitive sectors like agriculture and dairy. Officials plan to visit the U.S. for further discussions, aiming for a win-win agreement. India seeks a Bilateral Trade Agreement to avoid higher tariffs, with talks expected in the fall.

Larsen & Toubro L&T successfully lists India’s first ESG bonds on NSE, raising ₹500 crore via 6.35% three-year NCDs. Issued under SEBI’s ESG framework, the bonds support L&T’s sustainability goals, including water and carbon neutrality targets by 2035 and 2040, aligning with national net-zero objectives.

Warburg Pincus is in talks with Premji Invest and State Bank of India about selling them its stake of about 10% in SBI General Insurance Co., according to people familiar with the matter. The firm is finalizing details of an agreement with Premji Invest — the family office of Wipro Ltd. founder Azim Premji — and State Bank of India, the people said, asking not to be identified.

FPIs invested Rs 5,592 crore in Indian equities, while DIIs sold Rs 1,874 crore. FPIs have invested Rs 9,489 crore in June so far, with DIIs contributing Rs 54,912 crore. Year-to-date, FPIs have withdrawn Rs 1.2 lakh crore, while DIIs infused Rs 3.4 lakh crore. The Nifty 50 fell 141 points, but broader markets gained. Geopolitical tensions and oil price volatility impacted sentiment.

Garware Technical Fibres Ltd acquired Norway-based Offshore & Trawl Supply AS (OTS) through its UK subsidiary to strengthen its global presence in the offshore, aquaculture, and marine sectors. The move expands GTFL's product portfolio and geographic reach, aligning with its growth strategy. The acquisition, funded internally, is expected to enhance financial metrics and operational efficiency.

Shares of server solutions provider Super Micro (NASDAQ:SMCI) fell 5.8% in the morning session after the company announced a proposed offering of $2.0 billion in convertible senior notes due 2030. The stock was likely down due to concerns about the dilutive effect of the notes, which can be converted to the company's ordinary stock, raising the total share count.

India will conduct its first survey on household income and savings across social, income, and religious groups in 2026. A technical expert group led by Surjit Bhalla will guide the process, drawing from surveys in Australia, USA, Canada, and South Africa. Previous attempts in 1955 and 1958 failed to yield results.

Estée Lauder shares rose 5.4% after Deutsche Bank upgraded the stock to Buy, raising its price target to $95, citing fading demand concerns in the beauty sector. The company's strategy, including expanded focus beyond China and travel retail, accelerated product innovation, and localized decision-making, was praised. Shares closed at $78.20, up 4% from the previous day.

Private equity and venture capital funding in India dropped sharply to $2.4 billion in May, marking a 68% decline from May 2024 and a 53% fall from April. Deal volumes fell 24% year-on-year to 97 transactions. Startups saw a 21% increase in investments, while financial services led with $758 million across 21 deals.

Rogers Communications Inc. (RCI) shows high implied volatility in its options, signaling an expected significant move. Analysts have mixed views, with a slight increase in earnings consensus. RCI holds a Zacks Rank #3 (Hold) in a top 37% industry, indicating a stable position amid market expectations.

The Zacks Transportation sector faces challenges like rising expenses, inflation, and geopolitical tensions, leading to a 10.1% year-over-year decline. However, dividend-paying stocks in this sector, such as Expeditors International, FedEx, and Delta Air Lines, offer resilience with sustainable payout ratios and dividend growth, providing a stable investment option amid volatility.

Amarjeet Singh, a SEBI whole time member, emphasized the "family test" for mutual fund industry participants, urging them to prioritize trust and ethical conduct. He stressed the importance of self-regulation, transparency, and avoiding short-termism to build investor trust and ensure market integrity. SEBI is collaborating with AMFI to focus on outcomes and long-term investor value.

Globe Civil Projects, a New Delhi-based EPC company, raised Rs 35.7 cr from six institutional investors via anchor book ahead of its IPO. The public issue, open from June 24-26, has a price band of Rs 67-71 per share. The IPO comprises 1.67 cr fresh equity shares, aiming to raise Rs 119 crore at the upper end. Proceeds will fund working capital, equipment purchases, and general corporate purposes.

Fed plans to revise bank leverage rules, starting with a proposal to ease capital requirements. Fed Vice Chair Michelle Bowman noted this as a first step in broader reforms, possibly adjusting surcharges for large banks and asset thresholds. Changes may include indexing rules to economic growth, ensuring banks can expand without stricter oversight, while maintaining strong capital for stability.

The Financial Services Institutions Bureau (FSIB) invited applications for Managing Director and CEO at Canara Bank, with a deadline of July 21, 2025. Eligibility includes 45-57 years of age and 15 years of banking experience, including one year at the Board level. The term is three years, extendable, with a pay scale of Rs 2,05,400 – Rs 2,24,400. K Satyanarayana Raju currently holds the position.

India is enhancing its energy security amid Middle East tensions by diversifying oil sources and expanding renewables. Renewable capacity now stands at 36% of total installed capacity, while coal imports have dropped to 23% of domestic production. Despite rising crude demand, India has reduced its reliance on Middle Eastern oil from 65% to 46.5%, bolstering resilience.

Prosus reported strong performance in its Indian portfolio, with Swiggy's IRR at 23% and PayU at 13%. Swiggy's GOV grew 29%, while adjusted Ebitda losses narrowed to $182 million. PayU's payments volume and revenue rose 17% and 14%, respectively. Overall, Prosus' core earnings jumped 47% to $7.4 billion, with revenue up 21% to $6.2 billion.

Allspring Municipal Bond A (WMFAX) holds a Zacks Mutual Fund Rank of 5 (Strong Sell) due to poor performance and high risk. It has a 5-year annualized return of 0.62% and a 3-year return of 1.45%, both underperforming its category. The fund is less volatile with a lower standard deviation and beta but has a negative alpha.

U.S.-based private equity firm Warburg Pincus is in discussions to sell its 10% stake in SBI General Insurance to Premji Invest and SBI. The deal could value the company at up to $4.5 billion. SBI currently owns 70% of SBI General Insurance, with Premji Invest and Warburg Pincus holding minority stakes acquired in 2019.

The National Stock Exchange of India (NSE) announced that the expiry day for index and stock derivatives contracts will shift from Thursday to Tuesday, effective August 28, 2025. This change applies to NIFTY, BANKNIFTY, FINNIFTY, MIDCPNIFTY, NIFTYNXT50, and single-stock derivatives, with no changes to other contract specifications.

U.S. stock futures are flat as global stocks rise slightly and oil prices stabilize amid Middle East tensions. The U.S. struck Iranian nuclear sites, and Iran's parliament approved closing the Strait of Hormuz, a key oil transit route. Analysts warn this would harm Iran, which relies on oil exports to China. Oil prices are up 0.4%, while U.S. futures show minor gains.

The Vanguard Mega Cap Value ETF (MGV), launched in 2007, provides exposure to large-cap value stocks in the U.S. With $9.16 billion in assets, it has a 0.07% expense ratio and a 2.23% dividend yield. The fund is heavily weighted in Financials (27.60%), with top holdings including Berkshire Hathaway, JPMorgan, and Exxon.

CIPFA has responded to the UK government's consultation on local government finance reforms, expressing cautious optimism. While welcoming efforts to simplify funding allocations and multi-year settlements, CIPFA highlights unresolved challenges, including SEND deficits, warning of a potential financial crisis for councils if these issues remain unaddressed.

Apple, a tech giant with a strong track record of earnings growth and a competitive moat, is currently undervalued. Despite concerns over potential tariffs and slower AI adoption, Apple’s growing services revenue, loyal customer base, and strategic production shifts to India position it as a bargain for long-term investors, trading at 27 times forward earnings.

A $1,000 monthly investment in the Invesco QQQ Trust ETF, tracking the Nasdaq-100, could grow to $10 million over 30 years using dollar-cost averaging. The ETF, heavily weighted in tech stocks like Microsoft, Nvidia, and Apple, is poised for growth as AI evolves, emphasizing long-term consistency and patience.

Zerodha founders Nikhil and Nithin Kamath acquired a minority stake in InCred Holdings, purchasing Rs 250 crore worth of shares. InCred, planning an IPO to raise Rs 4,000-5,000 crore, recently expanded into retail broking by acquiring Stocko. The group reported Rs 1,267 crore in revenue and Rs 316 crore PAT, with a loan book over Rs 10,000 crore.

The Indian rupee fell 16 paise to 86.75 against the dollar on June 23, driven by Middle East tensions and rising oil prices. Geopolitical risks from US-Iran conflict and higher oil imports impacted the currency. Indian stock markets also declined, with Sensex dropping 500 points and Nifty 140 points.

Allcargo Logistics reported mixed performance in May 2025, with LCL volumes rising 3% month-on-month to 728,000 cubic meters but down 4% year-on-year. FCL volumes remained stable at 56,684 TEUs, up 6% annually. Air freight rose 12% month-on-month to 3.06 million kilos, despite declines in some regions. The company noted cautious optimism amid demand volatility.