US President Donald Trump adopted a confrontational stance regarding Iran, stating he “couldn’t care less” if talks aimed at resolving the West Asia conflict fall apart, while claiming he persuaded Israel to cancel a planned strike on Beirut following an intense conversation with Prime Minister Benjamin Netanyahu.
In business news, Blackstone has launched a record $13 billion fund focused on Asia, Alphabet disclosed plans for an $80 billion equity raise to boost AI investments, and Indian IT stocks have shown signs of a strong recovery.
Exclusive: Complete transcript of US President Donald Trump’s interview with CNBC
With US-Iran negotiations to end the three-month-long conflict in West Asia encountering yet another setback, US President Donald Trump spoke to CNBC’s Senior Washington Correspondent Eamon Javers. He expressed indifference towards the failure of peace talks.
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Israel’s Netanyahu cancels Beirut strike after tense discussion with Trump
US President Donald Trump claimed he convinced Prime Minister Benjamin Netanyahu to call off a strike on Beirut, after which the Israeli leader “turned his troops around.” Trump shared this information on Truth Social on Monday evening amid reports of a “heated” exchange between the two leaders.
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Alphabet reveals $80 billion equity fundraise to enhance AI investment
Alphabet Inc., led by Sundar Pichai, announced an $80 billion equity raise on Monday, June 1, which includes a $10 billion investment from Berkshire Hathaway.
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Infosys, TCS, IT stocks continue rally; Top CLSA analysts see more upside
India’s beleaguered Information Technology stocks surged for a second day on Tuesday, June 2, with the Nifty IT index climbing nearly 4%. Infosys emerged as the top gainer in this index, experiencing over 5.5% gains—the largest single-day increase since May 2025.
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Gold, silver prices decline amid West Asia uncertainty and Fed scrutiny
Gold and silver prices fell slightly on Tuesday (June 2) as investors kept a close watch on developments in West Asia while awaiting crucial US economic data and comments from Federal Reserve officials regarding interest rates.
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Blackstone secures $13 billion for Asia, doubling its previous fund
Blackstone Inc. has raised $13.1 billion for an Asia-focused private equity fund without relying on its larger global platform, continuing a trend of massive fund inflows by major firms in the region. This amount more than doubles its fundraising from 2021, focusing on markets in India and Japan amidst challenging global fundraising conditions.
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RBI launches FY26 surveys on mutual funds’ global exposure and IT services exports
The Reserve Bank of India has initiated two annual statistical surveys for the 2025–26 cycle, examining mutual funds’ overseas financial positions and exports of computer software and IT-enabled services (ITES) to enhance India’s external sector data collection.
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‘Not functioning correctly’: CBSE re-evaluation portal faces criticism over login issues, missing features
The Central Board of Secondary Education (CBSE) unveiled a new portal for mark verification and re-evaluation of Class 10 and 12 board exam results early Tuesday morning (June 2). However, it has faced backlash from frustrated students within hours of its launch.
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Zee Entertainment shares may rise another 31%, CLSA predicts after FIFA rights victory
Zee Entertainment Enterprises Ltd.’s shares are making headlines on Tuesday, June 2, as global brokerage firm CLSA reaffirmed its positive outlook on the stock. CLSA maintains an ‘Outperform’ rating and has set a price target of ₹125 per share.
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30 Indians living and working illegally in the US as truck drivers apprehended, facing deportation
Approximately 30 individuals from India, residing illegally in the US and working as commercial truck drivers, have been arrested as part of a federal operation and are scheduled for deportation.
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Free government bus service for women launched in Bengal, passengers request increased frequency
The West Bengal government on Monday introduced free travel for women on state-run buses across all routes, with beneficiaries welcoming the initiative and calling for more frequent services.
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