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Saudi Arabia Opens New Red Sea Shipping Route to India, June 06
Saudi Arabia launches SRS shipping service from Jeddah to India’s Mundra Port with 2,144 TEU capacity, supporting Red Sea trade growth.
American Express Falls 0.6% as Credit Stress Concerns Weigh, June 06
AXP stock fell 0.6% to $310.66 as Q1 delinquency rates hit 13.1%, offsetting strong earnings beat and revenue growth.
Shell Repurchases 1.22M Shares at £32.14 Average Price, June 05
Shell repurchased 1.22M shares at £32.14 average price on June 4, 2026, under buyback programme through July 24.
Lloyds Banking Group Suffers Banking App Outage, Leaving Customers Unable To Access Accounts
Lloyds Banking Group (LON: LLOY) suffered a significant technology failure on June 3, 2026, its second major IT incident in less than three months. The disruption hit Lloyds Bank, Halifax, and Bank of Scotland simultaneously, with Downdetector logging complaint spikes at around 11:15 BST as users reported issues across the group. More than 5,000 customers…
Rajesh Exports Hits Lower Circuit as SEBI Alleges ₹15.15 Lakh Crore Fraud, June 04
SEBI alleges Rajesh Exports inflated revenues by ₹15.15 lakh crore between FY21-FY25. Stock hits 5% lower circuit. Promoter barred from trading.
United Airlines Expands Newark Hub as On-Time Performance Leads Northeast, June 04
Newark Liberty leads Northeast airports in on-time performance as United Airlines expands routes and seeks higher flight caps.
Japan Paint Drops Akzo Nobel Bid After Rejection, June 04
Japan Paint Holdings abandons 2 trillion yen Akzo Nobel acquisition after Dutch company rejects bid twice.
Rajesh Exports Scandal: SEBI Flags ₹15 Lakh Crore Revenue Discrepancy Allegations
One of India’s most closely watched corporate fraud cases broke wide open on June 4, 2026. SEBI passed an interim order against Rajesh Exports Limited (NSE: RAJESHEXPO), the world’s largest gold processor, alleging it misrepresented consolidated revenues worth ₹15.15 lakh crore between FY21 and FY25. The alleged misrepresentation accounts for 99.80% of all revenues generated…
Partners Group Shares Plunge 17% on Fund Redemption Cap, June 04
Partners Group caps redemptions at $8.6B fund after 9.8% withdrawal requests, triggering 5% quarterly limit and 17% share decline.