Perplexity's $500 Million Funding Boosts AI Competition

The Dow Jones closed up by 0.13% at 42,270.07, with a yearly gain of 10.84%. The Nasdaq fell by 0.32% to 19,113.77, but has risen 14.20% over the year. The S&P 500 saw a minor dip of 0.01%, ending at 5,911.69, while showing a 12.76% annual increase. Despite mixed results recently, all three indices reflect a generally positive yearly trend, showcasing resilience in the market. Investors in India can take cues from these trends for potential opportunities.

COVID-19 cases are rising again in India, with 2,710 active infections reported as of May 30, 2025. Kerala is the worst-hit state, accounting for 1,147 cases, followed by Maharashtra with 424, Delhi with 294, and Gujarat with 223. This increase serves as a reminder for everyone to remain vigilant and take necessary precautions. With the ongoing threat of the virus, it’s crucial for citizens to stay informed and follow health guidelines to protect themselves and their communities.

The Indian government has unveiled the GDP figures for the fourth quarter of the financial year 2025, along with provisional estimates for FY25. These numbers are crucial as they provide insights into the nation's economic health. Analysts are closely monitoring these statistics to understand trends and make informed predictions. With these updates, stakeholders can gauge the growth trajectory of the Indian economy and its implications for various sectors. Staying updated on GDP data is essential for making sound economic decisions.

In an exciting IPL 2025 Eliminator, Mumbai Indians (MI) triumphed over Gujarat Titans (GT) by 20 runs, thanks to Rohit Sharma's explosive innings of 81 runs. MI set a challenging target of 228 runs, which GT couldn't chase down, finishing at 206 runs. Rohit's performance not only propelled MI to Qualifier 2 but also made him the second player to surpass 7000 IPL runs. The match highlighted MI's dominance while ending GT's impressive run in the tournament, setting the stage for an exciting showdown against Punjab Kings.

A fire erupted in the Bahadarabad area of Haridwar district, engulfing several junk warehouses and damaging multiple vehicles. Quick action by senior officials and firefighters controlled the blaze, which was caused by a short circuit, as stated by Fire Officer Kuldeep Kumar. Fortunately, no casualties were reported, but the incident highlights the importance of fire safety and electrical maintenance in storage facilities.

The Red Envelope mystery in Bangalore took a thrilling turn when a digital billboard displayed a QR code that led to a countdown website, redenvelope.club. With the message “This envelope delivers destinies,” curiosity is skyrocketing. Mysterious sightings of a woman in a red dress distributing envelopes at airports have only intensified the intrigue, as their contents seemingly vanish. The Instagram page has gained over 250k followers, fueling wild theories about secret societies and global finance. As the countdown nears its end, everyone is eagerly awaiting the revelation at 12:00 pm.

The Indian markets are poised for significant movements in the coming months, driven by pivotal factors such as RBI policy changes, rate cuts, and the upcoming Union Budget. A dovish stance from the RBI could uplift rate-sensitive sectors, while strong performance in the defence sector indicates a multi-year bull run, backed by government initiatives and rising budgets. The global economic landscape, including Fed rate cuts and oil prices, will also impact market dynamics. Investors should remain selective and prioritize companies with solid fundamentals as they navigate these changes.

Congress MP Shashi Tharoor, leading a multi-party delegation against Pakistan-sponsored terrorism, expressed disappointment over Colombia's condolences for Pakistani casualties after India's Operation Sindoor. He emphasized that there’s no equivalence between attackers and defenders, asserting India’s right to self-defense following the Pahalgam terror attack. Tharoor urged global governments to understand the complex dynamics of terrorism and to stop providing safe havens for terrorists. Drawing parallels between Colombia's experience with terrorism and India's, he highlighted the need for a clearer understanding of the situation.

Ola Electric's shares dropped nearly 6% after reporting a significant net loss of ₹870 crore in Q4 FY25, up from ₹416 crore the previous year. The decline is attributed to heavy discounts and falling sales, with revenue down 62% year-on-year. Despite this, the company is optimistic about achieving profitability this year, aiming for improved gross margins of 28-30% by Q1 FY25. Ola Electric plans to increase deliveries to 65,000 units by the end of Q1 FY26. Analysts have mixed views, with some downgrading the stock while others maintain a bullish outlook.

In a groundbreaking reveal, redenvelope.club has unveiled StockGro as the brand behind a captivating campaign that aimed to democratize wealth creation in India. The initiative, which attracted lakhs of curious individuals, emphasizes that financial expertise should be accessible to everyone, not just the privileged few. With over 150 SEBI-registered advisors, StockGro offers users verified trade ideas and tools previously reserved for elite investors. As users share success stories, the campaign highlights a new era of transparency and opportunity in investing. It's not just a mystery; it's a call to action for India's investors.

Gold and silver prices are fluctuating amid trade tensions, with U.S. President Trump delaying tariff decisions on the EU and accusing China of trade violations. Despite these uncertainties, gold remains a sought-after investment, gaining nearly 30% YoY and consistently outpacing inflation. As of May 31, 24-carat gold is priced at ₹95,930 for 10 grams, while silver stands at ₹97,280 per kg. Retail customers should be aware of additional charges. Stay informed about the latest market updates and prices in your city!

Heavy rainfall is expected in several Indian states, with the IMD issuing a red alert for Assam and orange alerts for other northeastern states and Himachal Pradesh. Jammu and Kashmir experienced significant rain recently, prompting a yellow alert. Isolated heavy showers are also anticipated in Kerala and Coastal Karnataka. Tragically, heavy rains led to landslides and fatalities in Meghalaya and Mizoram, affecting many villages and blocking highways. The IMD warns of thunderstorms and strong winds, urging residents to stay vigilant.

Banks across India are open today, May 31, as it’s the fifth Saturday of the month. While banks are usually closed on weekends, they operate on the first, third, and fifth Saturdays. Customers should note that bank holidays can vary by state, so it’s wise to check with local branches. The next nationwide bank holiday will be on Sunday, June 1, 2025. For convenience, online banking is available for transactions, even when branches are closed. Services like fund transfers, card applications, and account maintenance can be managed online.

The stock market showed positive trends today, with the Dow Jones up by 0.28%, Nasdaq by 0.39%, and S&P 500 by 0.40%. Despite a slightly negative year-to-date performance for Dow and Nasdaq, they have seen significant long-term growth, with the Dow increasing by nearly 10% this year alone. The Nasdaq boasts impressive five-year growth of over 102%. Weekly and monthly gains also reflect strong momentum, indicating a recovering market. Investors should take note of these trends for future strategies.

RCB celebrated a stunning victory over PBKS in the IPL 2025 Qualifier 1, winning by 8 wickets and securing a spot in the finals. With a fierce bowling performance, RCB restricted Punjab to just 102 runs. Star bowlers like Yash Dayal and Josh Hazlewood dismantled the Punjab batting lineup, leaving them at 50/5 early in the match. In reply, RCB chased down the target effortlessly, thanks to quick runs from players like Phil Salt and Mayank Agarwal. Punjab still has a chance to advance, facing the winner of the Gujarat vs. Mumbai match.

India is seeing a rise in COVID-19 cases, with 1,010 active cases reported as of May 27, 2025. The states of Maharashtra, Karnataka, and Odisha are the hardest hit, with Karnataka alone reporting 40 new infections. Additionally, genome sequencing has identified two new variants, NB.1.8.1 and LF.7, categorized as Variants Under Monitoring by the WHO, rather than Variants of Concern. It's crucial for everyone to stay informed and take necessary precautions as the situation evolves.

The Securities and Exchange Board of India (SEBI) has banned actor Arshad Warsi, along with his wife and brother, from trading in the securities market for one year. They allegedly inflated the share price of Sadhna Broadcast Ltd (now Crystal Business System Ltd) before selling their stakes. SEBI has imposed a fine of Rs 5 lakh each and ordered them to return Rs 1.05 crore. The investigation revealed they were part of a scheme involving misleading YouTube videos to attract investors. SEBI’s crackdown highlights the need for transparency and integrity in the Indian stock market.

India's foreign exchange reserves have seen a decrease of USD 4.888 billion, totaling USD 685.729 billion as of May 16. Despite this dip, they are still adequate to cover 10-12 months of imports. The reserves are close to their all-time high of USD 704.89 billion, reached in September 2024. The Reserve Bank of India (RBI) noted that foreign currency assets remain the largest part of these reserves. Gold reserves are also significant, though they dropped by USD 5.121 billion recently. Overall, India's forex reserves show resilience with a notable increase in 2023, reflecting a strategic approach to economic stability.