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Big news for businesses! Commercial LPG prices jumped by Rs 42 per cylinder on Monday, making it costlier for hotels and restaurants. But don't worry, household cooking gas rates stayed the same. Industry sources said "rates were hiked to Rs 3,113.50" for the 19-kg cylinders.
Hyundai and Bajaj Auto both saw good sales in May. Hyundai's domestic sales went up by 9 per cent, and Bajaj Auto's total sales grew by 18 per cent. Hyundai said, "Hyundai Motor India has continued its strong momentum." This shows both companies are doing well.
The Indian rupee started a bit stronger, up 3 paise at 94.97 against the US dollar on Monday, 1 June. Even with rising oil prices and worries about money leaving India, the rupee held steady. Analysts noted that "traders are eyeing corporate earnings" for direction.
Bangladesh just raised fuel prices again, this time for petrol and kerosene, effective Monday. This is the second time in six weeks! The government said "international petroleum product price changes" are the reason. This could make things more expensive for everyone.
Reliance Industries shares jumped over 1% on Monday, June 1, after partnering with NLC India for a lignite gasification project in Gujarat. This move aims to convert lignite into gas, addressing domestic shortages and reducing reliance on imported LNG. Sources said 'they have signed an agreement' to explore this.
Saudi Arabia has opened Umrah visa applications for the new season, with pilgrims arriving from May 31, 2026. The Ministry of Hajj and Umrah said visas will be issued until March 9, 2027. The Nusuk platform will manage permits as the Kingdom improves digital and infrastructure services for visitors.
China's new rules, starting July 1, give more power to watch overseas deals involving Chinese tech and data. This comes after they ordered Meta's AI startup Manus deal unwound. The rules require authorization for exporting restricted Chinese goods and services, and bar indirect transfers.
South Coast Railway, India's 18th zone, is now running with Visakhapatnam as its main office. This big change, starting June 1, 2026, fulfills a demand from Andhra Pradesh that lasted over 40 years. Chief Minister Naidu called it a "historic milestone," saying a "decades-long dream is being realized."
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The US is stopping advanced AI chips from Nvidia and AMD from reaching Chinese firms overseas. The Commerce Department said it will require licenses for these chips, even if companies are based outside China. This aims to close a loophole where "hundreds of thousands" of chips could have been sent.
Nvidia's CEO Jensen Huang is kicking off Computex in Taiwan today, talking all about AI. He's expected to share details on new products and Taiwan's big role in the industry. Huang recently said, "we are eyeing growth," and plans to invest $150 billion yearly in Taiwan, calling it the AI revolution's center.
The US is closing a loophole that let Chinese firms buy advanced AI chips abroad. For nearly a year, these chips, like Nvidia's, may have gone to Chinese company branches in places like Malaysia. The Commerce Department said it will enforce license rules for these chips, even if the companies are outside China.
Cooking gas just got pricier for businesses! From June 1, commercial LPG cylinders are up by Rs 42 in Delhi and Rs 53.50 in Kolkata. This hike will affect restaurants and hotels. Good news though, home cooking gas prices remain the same.