/images/ppid_59c68470-image-178007253290174193.webp)
/images/ppid_59c68470-image-17798175469957261.webp)
/images/ppid_59c68470-image-177983753154937879.webp)
What is the story about?
Global markets ended the week on a strong note, with the S&P 500 and Nasdaq Composite hitting fresh record highs as optimism around US–Iran ceasefire talks lifted risk sentiment. Oil prices eased as traders priced in cooling geopolitical tensions, though uncertainty remains over the final contours of any agreement between Washington and Tehran.
US President Donald Trump signalled easing pressure around the Strait of Hormuz, calling for unrestricted shipping through the strategic waterway. However, West Asia developments remain in focus, with energy volatility and inflation expectations still key overhangs for investors.
Back home, policy momentum stayed firm after the government approved nearly ₹25,000 crore in emergency MSME credit support under the ECLGS scheme within days of launch, reinforcing liquidity support. At the same time, IMD flagged a potentially below-normal 2026 monsoon, citing strengthening El Niño conditions.
Globally, AI optimism stayed strong with Anthropic reportedly nearing a near-trillion-dollar valuation, while IndiGo posted a quarterly loss amid cost pressures and GMR Airports maintained steady FY27 growth guidance.
S&P 500, Nasdaq hit record highs as US-Iran ceasefire talks lift sentiment
Stocks edged higher on Friday, May 29, extending a record-setting run as investors tracked developments in US-Iran negotiations and a fragile ceasefire, while crude oil prices slipped on easing supply concerns.
Read More
Also Read: The oil shock the market isn’t pricing in — depleting US reserves
Trump says US naval blockade of Strait of Hormuz 'will now be lifted'
In a social media post, Trump said the Hormuz Strait “must be immediately open, no tolls, for unrestricted shipping traffic, in both directions”.
Read More
Government approves ₹25,000 crore emergency loans to MSMEs within days of scheme launch
The government has approved around 20,000 applications worth nearly ₹25,000 crore under the newly launched Emergency Credit Line Guarantee Scheme (ECLGS) within a week of its rollout, according to sources familiar with the matter.
Read More
2026 monsoon could get worse as El Niño set to strengthen, says IMD
The India Meteorological Department (IMD) has forecast below-normal monsoon rainfall for India in 2026, with the country expected to receive 90% of the long-period average (LPA) during the June-September season.
Read More
Anthropic nears $1 trillion valuation, Dario Amodei's AI company surpasses Sam Altman's OpenAI
Anthropic PBC, the Dario Amodei-led AI behemoth, has raised $65 billion in a funding round. This valuation of the artificial intelligence company now sits near a trillion dollars, at $965 billion, including the new investment, eclipsing rival OpenAI’s value for the first time.
Read More
IndiGo clocks Q4 loss of ₹2,536 crore on turbulence from forex losses, exceptional items
IndiGo reported a ₹2,536 crore quarterly loss as foreign exchange losses, high fuel costs and weaker operating margins overshadowed modest growth in passengers and revenue.
Read More
GMR Airports targets 4–5% passenger growth in FY27, bets on non-aero business
Gurugram-based private airport operator, GMR Airports is targeting 4–5% passenger growth in FY27, even as geopolitical disruptions and air traffic challenges continue to weigh on the aviation sector.
Read More
NEET paper leak: SC stresses accountability; govt says PM personally supervising situation
The Supreme Court on Friday stressed on accountability for the lapses in the NEET paper leak issue and said it was "actually very traumatic" not only for the students but for their families as well if something like this happened.
Read More
Supreme Court sets 3-month deadline for High Courts on reserved judgments
The Supreme Court on Friday issued a set of binding guidelines for High Courts to reduce delays in pronouncing judgments.
Read More
Blue Origin rocket explodes during test; Jeff Bezos says 'rough day', all personnel safe
A rocket developed by Blue Origin reportedly exploded during a ground hotfire test at Cape Canaveral, Florida, AFP reported, citing US media.
Read More
We will meet you on Monday with another engaging Top 10@10
US President Donald Trump signalled easing pressure around the Strait of Hormuz, calling for unrestricted shipping through the strategic waterway. However, West Asia developments remain in focus, with energy volatility and inflation expectations still key overhangs for investors.
Back home, policy momentum stayed firm after the government approved nearly ₹25,000 crore in emergency MSME credit support under the ECLGS scheme within days of launch, reinforcing liquidity support. At the same time, IMD flagged a potentially below-normal 2026 monsoon, citing strengthening El Niño conditions.
Globally, AI optimism stayed strong with Anthropic reportedly nearing a near-trillion-dollar valuation, while IndiGo posted a quarterly loss amid cost pressures and GMR Airports maintained steady FY27 growth guidance.
S&P 500, Nasdaq hit record highs as US-Iran ceasefire talks lift sentiment
Stocks edged higher on Friday, May 29, extending a record-setting run as investors tracked developments in US-Iran negotiations and a fragile ceasefire, while crude oil prices slipped on easing supply concerns.
Read More
Also Read: The oil shock the market isn’t pricing in — depleting US reserves
Trump says US naval blockade of Strait of Hormuz 'will now be lifted'
In a social media post, Trump said the Hormuz Strait “must be immediately open, no tolls, for unrestricted shipping traffic, in both directions”.
Read More
Government approves ₹25,000 crore emergency loans to MSMEs within days of scheme launch
The government has approved around 20,000 applications worth nearly ₹25,000 crore under the newly launched Emergency Credit Line Guarantee Scheme (ECLGS) within a week of its rollout, according to sources familiar with the matter.
Read More
2026 monsoon could get worse as El Niño set to strengthen, says IMD
The India Meteorological Department (IMD) has forecast below-normal monsoon rainfall for India in 2026, with the country expected to receive 90% of the long-period average (LPA) during the June-September season.
Read More
Anthropic nears $1 trillion valuation, Dario Amodei's AI company surpasses Sam Altman's OpenAI
Anthropic PBC, the Dario Amodei-led AI behemoth, has raised $65 billion in a funding round. This valuation of the artificial intelligence company now sits near a trillion dollars, at $965 billion, including the new investment, eclipsing rival OpenAI’s value for the first time.
Read More
IndiGo clocks Q4 loss of ₹2,536 crore on turbulence from forex losses, exceptional items
IndiGo reported a ₹2,536 crore quarterly loss as foreign exchange losses, high fuel costs and weaker operating margins overshadowed modest growth in passengers and revenue.
Read More
GMR Airports targets 4–5% passenger growth in FY27, bets on non-aero business
Gurugram-based private airport operator, GMR Airports is targeting 4–5% passenger growth in FY27, even as geopolitical disruptions and air traffic challenges continue to weigh on the aviation sector.
Read More
NEET paper leak: SC stresses accountability; govt says PM personally supervising situation
The Supreme Court on Friday stressed on accountability for the lapses in the NEET paper leak issue and said it was "actually very traumatic" not only for the students but for their families as well if something like this happened.
Read More
Supreme Court sets 3-month deadline for High Courts on reserved judgments
The Supreme Court on Friday issued a set of binding guidelines for High Courts to reduce delays in pronouncing judgments.
Read More
Blue Origin rocket explodes during test; Jeff Bezos says 'rough day', all personnel safe
A rocket developed by Blue Origin reportedly exploded during a ground hotfire test at Cape Canaveral, Florida, AFP reported, citing US media.
Read More
We will meet you on Monday with another engaging Top 10@10
/images/ppid_59c68470-image-17799475971677979.webp)
/images/ppid_59c68470-image-178003504027437744.webp)
/images/ppid_59c68470-image-178002008344473305.webp)
/images/ppid_59c68470-image-177989009370399604.webp)
/images/ppid_59c68470-image-177981253323736959.webp)
/images/ppid_59c68470-image-177986002828631557.webp)
/images/ppid_59c68470-image-177981010736027792.webp)