🏦 Economy / Policy
• India’s retail inflation rose for the sixth straight month to a 14-month high of 3.48% in April, driven by food and precious metals, though still below RBI’s 4% target 📊
• India has doubled the import duty on platinum, raising costs for diesel SUVs and hybrid vehicles 🚗📈
• Government has banned sugar exports till September 2026 to control domestic prices and ensure supply stability 🍬⚠️
• Rupee weakened to a record closing low, nearing 96/$, amid global dollar strength and oil-linked pressures 💱📉
🏢 Companies / Sectors
• India’s Q4 FY26 earnings season continues to show double-digit aggregate profit growth, led by banks and financials despite softer numbers from select heavyweights 📈
🌍 Global / World
• S&P 500 and Nasdaq hit record highs, supported by strong tech and AI-linked momentum 🌍📈
• Iran’s Foreign Minister Abbas Araghchi has begun a three-day India visit amid heightened geopolitical engagement 🤝
• External Affairs Minister Jaishankar held talks with Russia’s Lavrov, with trade and geopolitical issues in focus 🌏
• The US dollar strengthened and 10-year Treasury yields rose to around 4.46% after hotter US CPI data, tightening global financial conditions ⚠️📊