Top Stories | Hormuz tensions spike, markets tumble, India-US trade talks begin and more

Good evening! Global tensions escalated after Iranian Foreign Minister Seyed Abbas Araghchi said any attack in Lebanon would violate the ceasefire between Iran and the United States, adding that the truce applies across all fronts. Economist Jeffrey Sachs said the United States cannot win militarily in Iran and that India should avoid choosing sides in the US-China rivalry.

Back home, benchmark indices erased opening gains, with the Sensex falling over 500 points and the Nifty ending below 23,400 amid selling in banks, autos and heavyweight stocks. India’s industrial output grew 4.9% in April 2026 as the government released the revamped IIP series with FY23 as the new base year.

On the corporate front, shares of Maruti Suzuki India recovered from intraday lows after the company reported its highest-ever May sales volumes. Discussions around a potential listing of Tata Sons remained inconclusive, with chairman Natarajan Chandrasekaran remaining non-committal, according to reports.

Iran says any attack in Lebanon would violate ceasefire with US

Iranian Foreign Minister Seyed Abbas Araghchi said the ceasefire between Iran and the United States applies to all fronts, including Lebanon.

Maruti Suzuki India Ltd.

Sensex falls over 500 points, Nifty ends below 23,400; banks, autos drag markets

The equity benchmark indices BSE Sensex and NSE Nifty erased opening gains and closed near the day’s low on Monday (June 1) amid broad-based selling pressure led by banking, auto and heavyweight stocks.

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Tata Sons listing: Who said what at the last board meet

The Tata Sons’ chairman, N Chandrasekaran, remained non-committal to the potential listing of Tata Sons, Moneycontrol reported, quoting sources.

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India-US trade deal talks begin today: What to expect

Senior trade officials from India and the United States will commence negotiations in New Delhi on Monday (June 1) as both countries work towards finalising an interim trade agreement under the proposed Bilateral Trade Agreement (BTA).

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Nvidia Announces New AI Chip For Personal Computers

NVIDIA has announced a new AI-focused chip designed for personal computers, further expanding its presence in the rapidly growing AI hardware market

Also Read: Nvidia enters Windows laptop market, to take on Intel and AMD in PC industry

SoftBank overtakes Toyota to become Japan's most valuable company

SoftBank Group Corp. has overtaken Toyota Motor Corp. as Japan's most valuable company as on Monday, June 1, marking another milestone for the Masayoshi Son-owned company, that has capitalized on the ongoing AI boom.

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India’s industrial output grows 4.9% in April as revamped IIP series debuts

India’s industrial output expanded 4.9% in April 2026, driven by a strong performance in manufacturing, as the government released the first reading of the revamped Index of Industrial Production (IIP) series with FY23 as the new base year.

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May Auto Sales: Maruti Suzuki reports highest ever figures for the month, beats expectations

Shares of Maruti Suzuki India Ltd. are looking to recover from the day's lows on Monday, June 1, after the country’s largest carmaker reported its highest-ever monthly sales and domestic sales volumes for May, beating street expectations.

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CBSE to open Class 12 re-evaluation portal soon, students advised to follow official updates only

Many students who visited the official CBSE website on Monday found that the link for verification and re-evaluation services was inactive.

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Jeffrey Sachs Exclusive | India's Strategic Power & The Shifting Global Order | India | US | Iran

Economist and Columbia University professor Jeffrey Sachs weighs in on the shifting global order, arguing that the United States cannot win militarily in Iran, that Donald Trump needs India more than India needs the U.S., and that India should avoid choosing sides in the growing U.S.-China rivalry.