11:11 | US markets, Modi-Carney push to conclude trade pact, Mercedes-Benz on India, UPI in France and more

DAY AHEAD IN DATA WATCH

• US Fed Interest Rate Decision


• UK reports its core inflation rate for May


• UK reports PPI and core output numbers


• South Africa reports inflation rate


• European Union reports core inflation numbers


• German 30-year bund (bond) auction

 

• Explained - Why the Dow Jones gained 300 points but the Nasdaq fell over 1% on Tuesday

It was a mixed day of trade for the US markets on Tuesday, ahead of the US Federal Reserve interest rate decision later tonight Indian time. The Dow Jones Industrial Average made a new record high, surpassing the 52,000 mark, while the S&P 500 and the Nasdaq underperformed.

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• Modi, Carney push to conclude India-Canada trade pact in 2026, deepen ties in energy, AI

Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney on Tuesday reviewed progress in bilateral ties and reaffirmed their goal of concluding negotiations for an India-Canada trade agreement this year during

a meeting on the sidelines of the G7 Summit.

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• Shareholder lock-in: Shares worth over ₹20,000 crore of these four companies free up for trade today

Shares of Park Medi World, Nephorcare, Vishal Mega Mart and Sai Life are trading with gains of anywhere between 50% to as high as 120% from their issue price on the day their six-month and beyond shareholder lock-in ends.

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• Top 10 cash-rich companies in India: Reliance, L&T, Coal India top FY26 list

“Cash is king” remains a key principle in business, with strong liquidity giving companies the flexibility to invest, expand and reward shareholders. According to a CNBC-TV18 analysis, the combined cash balance of listed Indian companies jumped nearly 12% in FY26, crossing the $200 billion mark. The surge highlights the strong financial position of corporate India amid changing market conditions.

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• India’s demographics will power strong luxury auto growth over the next decade, says Mercedes-Benz

India's demographic profile, rising wealth levels and growing appetite for premium products are expected to drive strong growth in the luxury car market over the next decade, according to Mercedes-Benz.

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• Rain likely in Delhi; heavy rainfall warning for Northeast and Bihar

Delhi is likely to remain relatively cool for this time of year on Wednesday, June 17, with the India Meteorological Department (IMD) forecasting partly cloudy skies and the possibility of light rain and thunderstorms.

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• New Zealand's Sarpreet becomes the first player of Indian origin to start a FIFA World Cup match

Born in Auckland to Punjabi parents, the 27-year-old made his World Cup debut after being named in the starting XI by New Zealand head coach Darren Bazeley. Wearing the iconic No. 10 jersey, Sarpreet played almost the entire match and was substituted only in the 90th minute.

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• India launches UPI at department store in France

Launching the UPI, Commerce and Industry Minister Piyush Goyal said it will further strengthen the economic and technological ties between India and France, reflecting the growing depth and ambition of our strategic partnership.

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• How a $60 billion SpaceX deal could make Cursor's founders billions overnight

A planned $60 billion acquisition of AI coding startup Cursor by SpaceX has thrust its four young founders into the spotlight. Led by CEO Michael Truell and Indian-origin co-founder Aman Sanger, the team built one of the world's fastest-growing AI software companies in just a few years.

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• Oil prices near three-month low as Iran deal set to boost supply

Crude prices have retreated sharply in recent weeks as moves to end the war between Washington and Tehran are seen easing tightness in global energy markets. Producers, shippers and traders are now assessing whether the agreement will prove to be durable, and how long it will take for vessel transits of the Hormuz chokepoint to be revived in earnest.

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• India's Essar signs $500 million crude sourcing and product supply deal with trader IRH global

India's Essar Energy Transition Fuel, which operates a refinery in the UK, has signed a $500 million crude sourcing and product supply deal with Abu Dhabi-based International Resources Holding, Essar said in a statement on Tuesday.

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