📰 India Business Brief: Top Headlines for June 25, 2026

Business Standard

• Elon Musk’s personal fortune has reportedly fallen below the trillionaire threshold as a broader sell-off in technology stocks impacted both Tesla and SpaceX valuations.
• Investors are expressing heightened caution regarding a potential "AI bubble," with market analysts questioning the premium valuations of firms whose primary revenue-generating projects remain years from completion.
• Technology stocks remain under significant pressure globally due to persistent concerns over potential interest-rate hikes by central banks to curb inflation.

Economic Times

• The Ministry of Corporate Affairs has ordered the Serious Fraud Investigation Office (SFIO) to launch a probe into gold refiner Rajesh Exports following SEBI’s allegations of consolidated revenue inflation and financial irregularities.
• Brent crude prices have retreated below $73 per barrel, erasing recent gains as maritime traffic through the Strait of Hormuz stabilized following a de-escalation in regional tensions.
• The Indian government is reportedly in talks to acquire a 2% stake in the domestic AI startup Sarvam, a move that would value the company at approximately $1.5 billion and signal strong state support for sovereign AI capabilities.
• Tata Steel has infused Rs 1,625 crore into its Singapore-based arm, T Steel Holding Pte, to bolster its international balance sheet and support ongoing global operations.
• ICICI Bank has secured approval from the Reserve Bank of India (RBI) to increase its shareholding in ICICI Prudential Life Insurance by an additional 2%, further consolidating its position in the insurance vertical.

Mint

• Indian benchmark indices reached new milestones as the Sensex surged 791 points (1.04%) to close at 76,991.22, while the Nifty 50 rose 0.83% to settle above the 24,000 mark.
• The total market capitalization of all BSE-listed companies climbed to a record high of over Rs 476 trillion, reflecting a sharp recovery in investor sentiment across the board.
• Banking heavyweights, including HDFC Bank, ICICI Bank, and Axis Bank, led the market charge as the sector benefited from supportive RBI commentary and improving credit growth data.
• Pharmaceutical major Gland Pharma received positive analyst ratings following its successful turnaround of European subsidiary Cenexi and its continued expansion in the high-margin injectable drugs market.

TAGS: Headlines, Business News, Economic Times, Business Standard, Mint, Top News

Tags: Headlines Business News Economic Times Business Standard Mint Top News