The World Cup Could Be the Biggest Sports Gambling Event Ever
At a time of sluggish growth, betting sites like FanDuel and DraftKings are counting on the global soccer tournament to boost online sports gambling. Source link
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Edible oil imports rise 6.7% in May, higher soyabean oil shipments drive growth
India’s edible oil imports increased 6.7 per cent year-on-year to nearly 13.39 lakh tonnes in May, driven mainly by higher shipments of crude soyabean oil, industry body Solvent Extractors’ Association of India (SEA) said on Friday, reported news agency PTI.According to SEA data, edible oil imports rose to 13,38,936 tonnes in May 2026 from 12,54,883…
Forex reserves slip by $711 million to $681.6 billion, fall in foreign currency assets weighs
India’s foreign exchange reserves declined by $711 million to $681.610 billion in the week ended June 5, dragged down by a sharp fall in foreign currency assets, according to data released by the Reserve Bank of India (RBI) on Friday, PTI reported.The decline follows an increase of $938 million in the previous reporting week, when…
The Consequences of SpaceX’s Trillion-Dollar I.P.O.
SpaceX’s trading debut is expected to smash records. Wall Street is watching to see what else it disrupts. Source link
US-Iran war impact: Retail inflation rises marginally to 3.93% in May, food inflation edges up to 4.78%
Retail inflation, measured by the Consumer Price Index (CPI), rose to 3.93% in May 2026 from 3.48% in April, according to data released by the government on Friday.Food inflation also increased during the month, with the Consumer Food Price Index (CFPI)-based inflation rate rising to 4.78% from 4.20% in April, the government data showed.The CPI…
How SpaceX’s IPO Compares With Saudi Aramco, Uber and Others
The previous record was set over six years ago. But SpaceX, whose stock begins trading on Friday, is on track to raise tens of billions of dollars more. Source link
Pakistan eyes higher donkey meat, other related products export to China
Pakistan is looking to expand exports of donkey meat and other donkey-derived products to China, where demand is being driven by the perceived “nutritional and medicinal properties” of such products, according to the Pakistan Economic Survey 2025-26 as reported news agency PTI.The survey, released on Thursday by finance minister Muhammad Aurangzeb, identified donkey meat exports…
Risk Strait of Hormuz or Wait? Shipping Companies Face a Costly Dilemma.
With more than 500 ships still stranded in the Persian Gulf, pressure on the shipowners and sailors is growing by the day. Source link
Why is stock market rallying today? BSE Sensex rises over 1,500 points, Nifty50 back above 23,500 – top reasons for rise
Stock market rally today (AI image) Stock market today: Nifty50 and BSE Sensex rallied strongly in trade on Friday on hopes that the US and Iran will be able strike a peace deal. The Sensex soared more than 1,500 points, while the Nifty50 reclaimed the 23,500 mark. The sharp rally boosted the cumulative market capitalisation…