HIGH JUMP
Survivor of 1993 Indian Airlines crash recalls narrow escape from death
Vasant Shinde from Parbhani recalls surviving a 1993 plane crash. The Indian Airlines flight from Aurangabad to Mumbai crashed after takeoff. The plane hit a truck and power lines. It broke into pieces and caught fire. Fifty-five people died in the accident. Shinde and a Congress MLA were seated near the cockpit.
Wall Street ends sharply lower as Iran retaliates against Israel attack
Explosions were heard and seen over Tel Aviv and Jerusalem as sirens sounded across Israel following what the country's military spokesman said was the firing of missiles from Iran. That came after Israel struck nuclear facilities and missile factories in Iran, escalating tensions in the Middle East and undermining global investor confidence. Oil prices surged nearly 7% on fears the conflict could disrupt crude supply from the Middle East. U.S. energy stocks rose in tandem, with Exxon up 2.2% and Diamondback Energy rallying 3.7%.
Jeff Bezos suffers big jolt, loses world's second richest man title after 8 years. Who overtook him?
Amazon founder Jeff Bezos has lost the title of world's second richest man after a period of eight years to Larry Ellison of Oracle. Ellison's total wealth now stands at $243 billion, surpassing Bezos' $227 billion and Mark Zuckerberg's $239 billion. Ellison is now only less wealthy than his longtime friend Elon Musk ($407 billion net worth).
Oil jumps over 7% after Israel's strikes on Iran
Oil prices surged following Israeli strikes on Iran. Concerns arose about potential disruptions to oil supplies. Brent crude futures and U.S. West Texas Intermediate crude both experienced significant increases. The Strait of Hormuz, a crucial oil transit route, is under close watch. Analysts are assessing the long-term impact on oil prices and regional stability.
US consumer sentiment improves in June
U.S. consumer sentiment saw its first improvement in six months during June, according to the University of Michigan. The Consumer Sentiment Index rose to 60.5, exceeding economists' forecasts. However, this positive trend might be short-lived as Israeli missile strikes against Iran have caused a surge in oil prices, potentially impacting consumer confidence.
My Hero Academia Season 8: Final Season trailer coming soon. Check date, time and other details
The final season will adapt the climactic Final War arc and the Epilogue Arc, concluding the showdown between Midoriya and Shigaraki. Fans can also anticipate a special event at Anime Expo 2025 featuring voice actors Daiki Yamashita and Justin Briner, along with a Shonen Jump editor, to share behind-the-scenes details.
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Gold price today: bullion surges toward all-time high as Israel-Iran conflict triggers safe-haven rush and fuels global market fears
Gold prices surged near two-month highs after Israel launched a major military strike on Iran, targeting key nuclear and military facilities. Spot gold rose to $3,417.10 while August futures climbed to $3,436.90, driven by safe-haven demand as geopolitical tensions spiked. Iran retaliated with over 100 drones toward Israel, further escalating fears. Meanwhile, softer U.S. inflation data boosted expectations of a Fed rate cut, supporting gold's momentum. The combination of Middle East conflict and easing inflation is pushing investors toward gold as a hedge. Gold remains in focus as global uncertainty deepens.
Air India plane crash: Forensic team arrives at the site in Ahmedabad
A London-bound Air India flight AI171 crashed shortly after takeoff from Ahmedabad, resulting in 241 fatalities. Prime Minister Modi visited the crash site as forensic teams investigated. Union Home Minister Amit Shah reported the high temperature from burning fuel made survival impossible, with DNA tests underway to identify victims. The Tata Group announced compensation for the families of the deceased.
GE Shipping, SCI shares rally up to 13% as Israel's strike on Iran elevates tanker rate surge bets
SCI share price: Indian shipping stocks, including GE Shipping and SCI, surged following escalating tensions between Israel and Iran. The geopolitical unrest drove crude oil prices higher and fueled speculation about rising container shipping rates.
IndiGo, SpiceJet slide up to 6% after Air India plane crash, oil price surge
Share prices of Indian aviation companies plummeted following a tragic Air India crash and a surge in global crude oil prices. The Air India Dreamliner crashed shortly after takeoff, killing all 241 onboard, triggering caution among investors. Simultaneously, escalating Middle East tensions, highlighted by Israeli strikes on Iran, caused oil prices to soar, further pressuring airline profitability due to increased fuel costs.
ONGC shares jump 3% as Brent Crude spikes over 12% on Mideast tensions
ONGC share prices rose over 3% on Friday after Brent crude surged more than 12% amid rising geopolitical tensions following Israel’s airstrike on Iran. With oil prices climbing to multi-month highs, ONGC stands to benefit from improved realisations, boosting earnings from its upstream operations.
Ideaforge, HAL, and other defence stocks rally up to 8% as war bets heat up after Israel bombs Iran
Defence stocks rallied on Friday after Israel launched military strikes on Iran, heightening geopolitical tensions and boosting investor interest in the sector. Ideaforge led the surge with an 8.1% jump, followed by gains in Astra Microwave, Bharat Dynamics, and HAL. The rally was fueled by reports of targeted Israeli attacks on Iranian nuclear sites and key military personnel.
India bond yields hit 5-week high as surging oil prices add to bearishness before auction
Indian government bond yields increased to a five-week high. This rise occurred because of higher oil prices. Investors were also cautious before the weekly debt auction. Oil prices jumped after Israel struck Iran. New Delhi will sell bonds worth 300 billion rupees. Overnight index swap rates also saw paying pressure. The one-year OIS rate hit 5.59%.
Shares of OMCs fall, upstream oil cos gain on crude rebound
Heightened US-Iran tensions drove up global crude prices, impacting Indian markets. HPCL and BPCL shares fell 4-6% due to anticipated pressure on marketing margins from rising crude costs. Conversely, Oil India and ONGC saw gains as higher crude prices improve their profit margins, with analysts predicting continued volatility.
India open to mutually beneficial arrangements on QCOs with trusted partners: Piyush Goyal
India is open to mutually beneficial arrangements with trusted trading partners regarding quality standards, according to Commerce and Industry Minister Piyush Goyal. India aims to promote the manufacturing of quality goods through Quality Control Orders (QCOs), ensuring equal treatment for both domestic and foreign suppliers.
India's May palm oil imports surge 84% m/m to hit six-month high
India's palm oil imports surged to a six-month peak in May, driven by attractive pricing compared to soyoil and sunflower oil, alongside dwindling inventories. This surge propelled overall vegetable oil imports to 1.19 million tons, the highest since December. Anticipated increased palm oil imports in June, potentially reaching 850,000 tons, are expected due to the continued price advantage.
Elon Musk says yes to impeaching Trump — and now 2025 odds are soaring on crypto betting markets
A political feud between Elon Musk and Donald Trump has spilled onto crypto-based prediction platforms. Following Musk's public endorsement of Trump's impeachment and suggestion of JD Vance as his replacement, the odds of Trump being impeached in 2025 on Polymarket have increased to 10%. Over $819,000 has been wagered on the outcome of this prediction market.
QUBT shares surge more than 20% in explosive rally, sending quantum computing stocks into the spotlight
Quantum Computing Inc. (QUBT) stock price exploded by 30.47% in a single day, closing at $19.74, as investors rushed into the fast-moving quantum tech space. QUBT’s share price has now surged over 3,000% in the past year, despite starting 2025 at deep lows. The rally gained traction after IonQ’s acquisition of Oxford Ionics, lifting sector-wide optimism. Still, QUBT remains a high-risk, high-reward stock, with past volatility and weak earnings metrics. With growing attention on quantum computing stocks, many are now watching to see if this historic rally will continue—or if a sharp pullback is near.
Wockhardt shares jump 17%, hit fresh 52-week high
Wockhardt extended its winning streak for the third straight session, drawing strong investor interest with trading volumes surging over 4.5 times on the BSE. The stock rallied alongside broader buying momentum in the pharma sector.
England's Adil Rashid pips Varun Chakravarthy to move to second spot in ICC Men's T20I Bowling Rankings
Adil Rashid's consistent performance in England's 3-0 T20I series victory against the West Indies propelled him to the second spot in the ICC Men's T20I Bowling Rankings. Ben Duckett's explosive batting and Shai Hope's solid contributions led to significant jumps in the Batter Rankings, while Jason Holder improved his position in the All-Rounder Rankings.
Sacheerome’s IPO sizzles as GMP leaps to show 40% listing pop; Final day subscriptions top 60x
Sacheerome’s IPO saw strong investor demand, with a GMP surge indicating a likely 40% premium listing. Subscribed over 60 times, the Rs 61.62 crore issue will fund a new plant. The company reported robust FY25 financials and plans expansion in the fragrance and flavour market.
Asian stocks to advance as US-China talks continue
Asian markets are expected to open higher following positive signals from US-China trade talks. US officials expressed optimism after the first day of negotiations, boosting investor sentiment. The market remains sensitive to trade headlines as investors await key inflation data and the Federal Reserve's upcoming interest-rate decision.
US stocks open higher as US-China trade talks begin
Wall Street's main indexes opened higher on Monday as investors watched a fresh round of negotiations between the United States and China aimed at mending a trade rift that has rattled financial markets for much of the year.
Highest paying jobs in Australia in 2025 you need to pursue for the biggest salary hikes
Good news for job seekers in Australia. Salaries in government, defence, finance, and construction sectors are rising. Defence analysts saw the biggest jump. Taxation consultants and banking operations analysts also experienced significant growth. Minimum wage is set to increase next year. The Fair Work Commission announced a 3.5 per cent rise. This is a win for workers.
HDFC Bank shares jump 1.5% to hit fresh 52-week high; here’s why
HDFC Bank shares surged to a 52-week high following the RBI's unexpected interest rate cut and CRR reduction. The Bank Nifty also hit a record high, with other bank stocks rising. While NIM concerns arose, the CRR cut is expected to inject liquidity and boost economic growth.
RBI MPC impact: DLF shares jump 7% amid euphoria in realty stocks
DLF shares surged 7% on Monday, hitting Rs 882.80, as real estate stocks rallied after the RBI slashed the repo rate by 50 bps to 5.5%. The Nifty Realty index jumped 4.6%, with most constituents in the green. DLF also reported a 39% YoY rise in Q4 net profit to Rs 1,282 crore, backed by strong revenue growth.
India's May palm oil imports jump 87% to six-month high, dealers say
India's palm oil imports soared to a six-month peak in May, driven by depleted inventories and attractive pricing compared to soy and sunflower oils. Refiners ramped up purchases, potentially bolstering Malaysian palm oil prices and U.S. soy oil futures.
Transgender Athlete AB Hernandez shines at California State meet amid Trump’s controversial ban threat
AB Hernandez, a transgender athlete, won titles at the CIF state championships under a new rule created after President Trump's order to bar transgender girls from girls' sports. The rule allowed for recognition of Hernandez's wins while also honoring cisgender athletes' performances. Despite the national debate, the awards ceremony was joyful, reflecting California's commitment to inclusion in athletics.
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