Iran votes in its first parliament election since 2022 protests as questions over turnout loom
Iranian officials and even Supreme Leader Ayatollah Ali Khamenei have urged the public to cast ballots, but polling stations in the country’s capital, Tehran, appeared to see... Key Points
The Tribune IndiaGlobal trade fairs on cards; sectoral targets for $1 trillion exports by ’30
Officials said investment promotion arm Invest India, which is also drawing up the countrys trade strategy, has identified 100-odd companies across 30 sectors and 30 countries, and around a 100 more being shortlisted as part of the Strategic Investment Targets Initiative. Besides, sectoral targets have been set for $1 trillion goods exports by 2030. Key Points
Economic TimesMotilal Oswal top official Ashish Gumashta buys luxury apartment in Mumbai’s Bandra west
Ashish Gumashta, managing director of strategic initiatives at Motilal Oswal Financial Services, has purchased an under-construction luxury apartment in Mumbai's Bandra locality for over 36.19 crore. Gumashta recently resigned as Executive Chairman of Julius Baer India. The apartment has a carpet area of 3,417 sq ft and is located on Perry Road and St. Cyril Road. Key Points
Economic TimesNawaz Sharif's daughter Maryam Nawaz to become chief minister of Punjab
Maryam secured 220 votes in the 371-seat provincial assembly and is the first woman to be CM of Punjab. The election results was boycotted by the opposition Sunni Ittehad Council party. Key Points
ThePrintView: Oops, wrong Hyundai. India’s industrial policy misfires — again
It took a public notice from Hyundai Motor Co. — asserting that the successful bid by Hyundai Global Motors had nothing to do with it — for bureaucrats to realize that they had backed the wrong horse. Of the overall 50 gigawatt-hours of subsidized capacity, 20 gigawatt-hours had been earmarked for the South Korean firm. Key Points
Economic Times
TCS Q1 Results: Profit rises 17% YoY to Rs 11,074 crore, beats estimates; revenue up 13%
While the net profit was above the ET Now poll of Rs 10,890 crore, the revenue was tad lower than the estimated Rs 59,500 crore. Sequentially, the topline rose a mere 0.4%, making this the slowest growth in 12 quarters for the countrys largest software exporter. The profit declined nearly 3% from the March quarter. Key Points
Economic TimesGlobal inflows help Indian stocks become EM Asia’s top gainers
Foreign investors have increased inflows into Indian stocks to a nine-month high in May. They purchased a net $5bn of the countrys shares last month, the most since August, according to Bloomberg. The purchases continued for 24 consecutive days, the longest string since August last year. The surge in investment has propelled Indian equities to the top of emerging Asia's leaderboard. Key Points
Economic TimesFrom Vikram Vedha to Fighter, here's how Hrithik Roshan balances between the actor and star in him-Entertainment News , Firstpost
Hrithik Roshan became an overnight sensation with his debut Kaho Naa..Pyaar Hai and 23 years down the lane, he continues to remain relevant and revered considering how he has always managed to strike a balance between films that won him praise and that amassed him fandom! Key Points
FirstpostFive specific sins; seven treasures of a king: Words by the numbers in Asia
In this instalment of his monthly column, author Adam Jacot de Boinod hunts down quirky figures of speech from across a continent. Look out for Capital Letters every month. Key Points
Hindustan TimesIndian government hasn’t intervened in Adani crisis, Sanjeev Sanyal says
Exposures to Adani group companies from the State Bank of India, the countrys largest financier and the Life Insurance Corp., the countrys biggest life insurer, are very small, said Sanyal, adding that no company is under any financial stress. Key Points
Economic Times
Credit Suisse crisis sends shivers amongst wealthy Indians
Credit Suisse Group AG is likely to make wealthy Indians nervous, as they recall past uncertainty in terms of their business strategies. This year, Citigroup Inc. exited its retail operations in India, transferring all its wealth management business to Axis Bank while in the past decade, Credit Suisses new buyer — UBS AG, Morgan Stanley and Macquarie Group Ltd. have exited the countrys private-wealth busines Key Points
Economic TimesReliance, Tata bid for India’s $2.4 billion solar incentives
Others showing interest include U.S. firm First Solar Inc. and Indian companies JSW Energy Ltd., Avaada Group and ReNew Energy Global Plc, according to people familiar with the matter, who asked not to be named as the information hasnt been made public. The embattled Adani Group, one of the countrys largest solar panel makers, was not among the bidders, the people said. Key Points
Economic Times