The Indian stock market opened on a positive note ahead of the Union Budget announcement by Finance Minister Nirmala Sitharaman. The NSE Nifty 50 rose 0.24% to 24,568.9, while the S&P BSE Sensex gained 0.28% to 80,724.3. Financials and public sector companies led the gains as investors eagerly await policy announcements in the Budget. The market is expecting key reforms and initiatives that could boost economic growth. The Budget speech is expected to outline the government's fiscal plans and priorities for the upcoming year, which could impact market trends and investor sentiment.

Airbus has shortlisted eight locations for its first final assembly line (FAL) in India's private sector, set to produce H125 helicopters starting in 2026. Executive Vice President Olivier Michalon stated the final decision will be announced soon. Initially, the plant will produce ten helicopters annually, with plans to increase based on demand. The move follows Airbus' strategic partnership with Tata Group, aiming to meet the projected regional demand for 500 H125 helicopters over the next 20 years. The Indian FAL will handle major assembly, testing, and delivery, enhancing Airbus' presence in the Indian market.

The Securities and Exchange Board of India (Sebi) has cleared allegations of market manipulation and insider trading related to the exit polls conducted on June 3, 2024. Following the release of exit poll results, which initially led to a stock market surge, a sharp decline on June 4 resulted in losses exceeding Rs 31 trillion. Trinamool Congress MP Saket Gokhale had requested Sebi to investigate potential manipulation by the BJP and polling agencies. However, Sebi’s analysis, after reviewing data from all market institutions, found no evidence supporting these claims. The market behavior was attributed to the discrepancies between exit polls and actual election results.

The BSE Sensex surged 400 points or 0.50% to reach 81,114 as of 13:27 pm today. This significant gain indicates a positive trend in the market, reflecting investor confidence. The benchmark index has been on a steady rise, driven by strong market sentiment and favorable economic conditions. Today's upswing adds to the ongoing rally, signaling a bullish market. Investors are optimistic about the growth prospects, leading to increased buying activity. The Sensex's ascent is a promising sign for the Indian stock market, hinting at a potential new high.

LT Foods, a well-known Indian-origin food company, has opened a new, advanced facility in the United Kingdom. This move aims to meet the rising demand for premium rice and rice-based products in the UK, which is a £1 billion market. The new facility, located in Harlow, covers 100,000 square feet. It features the latest technology to ensure high-quality products. LT Foods plans to offer both branded and private-label products from this facility. The company has already partnered with four leading UK retailers and aims to expand further. LT Foods has invested £7 million initially in the facility, with plans to invest up to £50 million in the coming years. They expect to generate £50 million in revenue over the next two years, aiming for £100 million within five years. The facility can produce 60,000 tonnes of rice per year, creating job opportunities for local talent. Mr. Vijay Arora, Chairman & Managing Director of LT Foods, said, "We are very excited about our newest cutting-edge facility in the UK. It is an important market for our future growth as we intend to make deep inroads in this market. LT Foods long-term goals include solidifying its market presence in the UK, becoming a leader in the rice and rice-based food segment, and continually innovating to meet the evolving demands of consumers. This new facility is a critical step in achieving these objectives and furthering LT Foods' mission of delivering high-quality rice products to global consumers." Mr. Ashwani Arora, Managing Director & CEO, emphasized the company's commitment to stakeholders. "Our stakeholders have always been at the heart of our success. By expanding into the UK, we aim to bring our high-quality offerings closer to consumers while ensuring that we continue to provide exceptional value to our stakeholders. The UK presents a unique opportunity for us to expand our market reach and cater to a diverse consumer base. This new facility is a testament to our strategic vision and our ability to adapt and grow in dynamic markets. With this new facility, we are confident that we will be able to enhance our market presence, drive growth, and deliver sustained value to all our stakeholders." Mr. Vikas Magoon, Managing Director of LT Foods Europe B.V., also shared his enthusiasm. "The opening of this new state-of-the-art facility in the UK is a testament to our commitment to meeting the rising demand for high-quality rice products among the consumers in the UK. This strategic expansion aligns perfectly with our vision to bring our quality offerings closer to our consumers. The UK market presents a tremendous opportunity for LT Foods to grow and innovate. With our new facility in Harlow, we are well-positioned to leverage this potential, ensuring efficient delivery of our food brands and enhancing our market presence. Our investment here reflects our belief in the UK market's potential and our dedication to contributing positively to the local economy." With this new facility, LT Foods aims to enhance its market presence and deliver quality rice products to UK consumers.

Zomato’s Founder and CEO, Deepinder Goyal, has joined the billionaire club after a 300% surge in Zomato’s stock since July 2023. The stock reached a new high of Rs 230, driven by the expected success of its quick commerce business, Blinkit. Goyal, now India's wealthiest professional manager, holds a 4.24% stake in the company, with a net worth exceeding Rs 8,300 crore. Blinkit’s valuation surged to $13 billion, further boosting investor confidence.

Benchmark indices Sensex and Nifty closed at record high levels on Monday, driven by fresh foreign fund inflows and gains in PSU banks, notably State Bank of India. The 30-share BSE Sensex rose 145.52 points (0.18%) to a new high of 80,664.86, while the NSE Nifty gained 84.55 points (0.35%) to close at an all-time high of 24,586.70. Key gainers included SBI, NTPC, and Tata Motors, while Asian Paints and Tata Steel lagged. Positive trends in Seoul and Shanghai markets contributed, despite European markets trading lower.

Ola CEO Bhavish Aggarwal has publicly supported a 70-hour work week, echoing Narayana Murthy's call for Indian competitiveness. However, a neurologist from Hyderabad warns that working long hours increases risks of stroke by 35% and ischemic heart disease mortality by 17%. Sudhir Kumar highlighted studies linking extended work hours to obesity, diabetes, and depressive symptoms, leading to over 800,000 annual fatalities. He urged for balanced work-life policies, noting CEOs often prioritize profit over employee well-being. This debate underscores health concerns amid corporate demands for increased productivity.

LT Foods, a leading global FMCG company from India, has opened a new facility in Harlow, UK. This state-of-the-art facility aims to revolutionize the UK’s rice market. With a £7 million initial investment, LT Foods expects to earn £50 million annually in the next two years and £100 million within five years. The 100,000-square-foot facility will produce 60,000 tonnes of rice per year. It will also create jobs and partner with major UK retailers. "We are very excited about our newest cutting-edge facility in the U.K. It is an important market for our future growth as we intend to make deep inroads in this market. LT Foods long-term goals 4 include solidifying its market presence in the UK, becoming a leader in the rice and rice-based food segment, and continually innovating to meet the evolving demands of consumers. This new facility is a critical step in achieving these objectives and furthering LT Foods' mission of delivering high-quality rice products to global consumers." said Mr. Vijay Arora, Chairman & Managing Director of LT Foods. "Our stakeholders have always been at the heart of our success. By expanding into the U.K., we aim to bring our high-quality offerings closer to consumers while ensuring that we continue to provide exceptional value to our stakeholders. The U.K. presents a unique opportunity for us to expand our market reach and cater to a diverse consumer base. This new facility is a testament to our strategic vision and our ability to adapt and grow in dynamic markets. With this new facility, we are confident that we will be able to enhance our market presence, drive growth, and deliver sustained value to all our stakeholders." added Mr. Ashwani Arora, CEO of LT Foods. The facility will offer both branded and private-label products to meet diverse consumer needs. LT Foods plans to invest up to £50 million in the coming years. "The opening of this new state-of-the-art facility in the U.K. is a testament to our commitment to meeting the rising demand for high-quality rice products among the consumers in the U.K. This strategic expansion aligns perfectly with our vision to bring our quality offerings closer to our consumers. The U.K. market presents a tremendous opportunity for LT Foods to grow and innovate. With our new facility in Harlow, we are well-positioned to leverage this potential, ensuring efficient delivery of our food brands and enhancing our market presence. Our investment here reflects our belief in the U.K. market's potential and our dedication to contributing positively to the local economy." said Mr. Vikas Magoon, Managing Director, LT Foods Europe B.V.

Patanjali Ayurveda Ltd, led by Yoga guru Baba Ramdev, has stopped the sale of 14 products following the immediate suspension of their manufacturing licenses by Uttarakhand authorities. The suspension, effective from April 30, was due to "repeated violations" of the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954. Patanjali informed the Supreme Court it had instructed 5,606 franchise stores to withdraw the affected products and directed media platforms to remove advertisements. The Supreme Court will hear the case on July 30, following a petition by the Indian Medical Association alleging negative campaigns against COVID-19 vaccinations and modern medical practices.