June 2026 – Page 482

Gas Price Surge From Iran Conflict Drives US Consumer Price Inflation to Three-Year High

Energy prices tied to US-Iran military exchanges helped drive American inflation to its highest level since 2023.

Goldman Sachs Research predicted above-consensus GDP growth for India in 2026 citing easier financial conditions and healthier balance sheets.

Analysts predicted that Indian equity markets would perform better in 2026 than 2025 driven by resilient domestic mutual fund flows.

The new US-India trade agreement is projected to lower trade uncertainty and help unlock a long-awaited private investment cycle in India.

Electrosteel Castings Ltd announced it was exploring acquisitions to enter the paints and coatings business as part of its diversification strategy.

Goldman Sachs projected India’s current account deficit would expand to $37 billion in 2026 driven by higher non-oil imports.

A significant 30 percent retail allocation in the SpaceX IPO made June 11 one of the most-watched financial events for retail investors in 2026.

The SpaceX IPO is the first of three major AI-driven company listings expected in 2026 with Anthropic and OpenAI also preparing to go public.

The Nasdaq Composite clawed back some losses after declining more than 7 percent from its record high set on June 1.