The Competition Commission of India (CCI) ordered a probe into beauty pageant organiser Mrs India over their anti-competitive practices. A complaint by a first runner-up of the pageant alleged that Mrs India imposed restrictions on participants from participating in or associating with other beauty pageants for five years. The CCI noted that some contractual clauses appeared to be exploitative.

The combined net worth of the world's 3,428 richest people has now crossed the $20-trillion mark as it hit $20.1 trillion (₹1,922 lakh crore), Forbes reported. The AI-led boom has helped add one new billionaire to the list every day over the last year. The US dominated with 989 billionaires, followed by China and India.

Bernd Lange, chair of the European Parliament's Committee on International Trade, said any fresh US tariffs on European Union goods beyond last year's agreed rates would be "unacceptable." His remarks came after the US proposed additional duties of 12.5% on imports from 60 economies, including the EU. Washington accused the EU of not curbing forced-labour goods trade.

The government has extended duty on solar glass imports from Malaysia for another five years, a finance ministry gazette said. An investigation by the Directorate General of Trade Remedies concluded that the withdrawal of the duty would hamper domestic manufacturers of the product. Import duty on textured tempered glass or solar glass will range from 9.71% to 10.14%.

Ford Motor will recall about 4.2 lakh vehicles in the US due to issues with their seat belts, the country's highway traffic safety body said. The seat belts of certain vehicles do not retract or extend properly and can fail to restrain passengers as intended, risking injury. Some 2018-2022 Expedition and Lincoln Navigator vehicles will be affected by the recall.

Wipro CEO and Managing Director Srini Pallia's total compensation declined more than 7% to around ₹49.6 crore in FY26, according to the company's annual report. He had earned about ₹53.6 crore in FY25. Pallia's FY26 pay package was lower than Infosys CEO Salil Parekh's ₹82.6 crore compensation, but higher than TCS CEO K Krithivasan's remuneration of ₹28 crore.

The Reserve Bank of India (RBI) has commenced its crucial three-day Monetary Policy Committee (MPC) meeting, with the outcome set to be announced on June 5 by Governor Sanjay Malhotra. The meeting comes at a time when the Indian economy is navigating multiple global and domestic challenges, including rising crude oil prices and geopolitical tensions in West Asia.

The Core reported that higher petrol and diesel prices are pushing Indian consumers to consider electric and hybrid vehicles despite gaps in charging infrastructure. Tata Motors Passenger Vehicles’ Shailesh Chandra told Autocar Professional that EV forward bookings rose to nearly 23% of the company’s sales mix, from 15-16% earlier.

The Core reported that Hero MotoCorp remains India's two-wheeler leader, but its market share fell from 36% in FY20 to 28% in FY26. Honda stayed near 26.5%, while TVS gained share. In electric two-wheelers, Hero's Vida is improving, but TVS, Bajaj and Ather continue to lead the segment.

The Nifty Bank index fell over 600 points on Wednesday amid a broader market selloff. IndusInd Bank and AU Small Finance Bank dropped around 3%, while Yes Bank, SBI and IDFC First Bank declined about 2% each. Analysts said the index remains under pressure, with key support seen near the 53,000 level.