Business

International Business News: Britain’s economy experienced a sharp 0.3% contraction in April, the largest since October 2023, primarily due to a slump in the services sector and a Source

The rally was led by energy (up by 3.02 per cent) and oil & gas companies (2.90 per cent gain) with RIL shares in the forefront. The Mid-cap index rose by 1.34 per cent. Source

This order is issued to ensure safety of Indian assets, cargo and connected infrastructure, said the Directorate General of Shipping. Source

International Business News: US producer prices saw a modest rise in May, signaling that inflation remains under control despite ongoing trade tensions. The Producer Price Index i Source

Pakistani airspace closure impact | India Pakistan flights: Flight tracking data shows that some of Air India’s ultra-long-haul flights to and from North America are now taking technical halts—planned stops for refueling or crew change—at European airports, breaking the journey of the otherwise non-stop flights. Source

The latest FD interest rate revisions, effective May 1, 2025, reflects a rate cut of up to 25 basis points (bps) on select short- and medium-term tenures. Source

International Business News: An Air India Boeing 787 Dreamliner, flight AI 171 bound for London, tragically crashed shortly after takeoff in Ahmedabad. This marks the first fatal Source

Going ahead, economists said a pickup in investment and consumption is likely to support industrial growth, while tariff risks from the US may impact exports. Source

DLF, India’s largest real estate developer, reports a 26.7 per cent price appreciation in its Panchkula project, The Valley Gardens. Source

International Business News: US stocks experienced a slight downturn Thursday, reversing recent gains as Boeing’s stock plummeted following a fatal Air India crash. Oracle’s stron Source