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Trump says Iran shot down US helicopter and vows to respond

World

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Trump says Iran shot down US helicopter and vows to respond

US President Donald Trump made more than $1bn (£750m) last year from business dealings in cryptocurrency, according to his mandatory financial report for 2025.In a 927-page disclosure, he reported $635m in royalties from a Trump meme coin that has plunged in value since he launched it three days before taking office.He also reported over $500m in income from World Liberty Financial, a cryptocurrency firm founded by his own sons and the children of his special envoy, Steve Witkoff.He also millions more from real estate, Trump-themed Bibles, watches and other items. But the White House denied he was profiting from the presidency. Much of the income was from transactions with World Liberty Financial, a venture from which Trump and family members receive 75% of the company's proceeds.It represents a significant increase in moneymaking compared with Trump's 2024 financial disclosure, when he disclosed over $600m in income.But White House deputy press secretary Anna Kelly rejected any suggestion of ethical concerns and said Trump had proudly made the US "the crypto capital of the world"."Neither the President nor his family has ever engaged - or will ever engage - in conflicts of interest," she said in a statement. She added: "All actions by President Trump and his administration are taken in the best interest of the American people – and any so-called 'reporters' pushing otherwise are recycling the same, tired, false narrative that Democrats and the legacy media have been pushing for a decade."

Cabinet meeting to be held in Coastal Karnataka, says Chief Minister

Politics

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Cabinet meeting to be held in Coastal Karnataka, says Chief Minister

Senior bureaucrat Bishwanath Sinha assumed charge as the Chief Secretary of Kerala at a function held at Darbar Hall in the Secretariat on Tuesday. The 1992-batch IAS officer took over from A. Jayathilak, who retired as the State Chief Secretary on Tuesday.The State government accorded a farewell to the outgoing Chief Secretary at a function held at Darbar Hall. Chief Minister V.D. Satheesan and Industries Minister P.K. Kunhalikutty were present on the occasion. Additional Chief Secretary Rajan N. Khobragade also retired from service.The Chief Minister presented the State government’s mementos to the retiring officers. Mr. Sinha had been serving as the Home Secretary before being elevated to the post of Chief Secretary. He has two years of service remaining. Published - June 30, 2026 11:56 pm IST

Technology

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Best Prime Day Deals on Yoto Players and Accessories

The Best Deals on Tech Essentials Still Available After Prime Day Lifehacker Best Prime Day Deals Under $50 on Ninja, Anker and Samsung cnet.com Amazon Prime Day may be over, but 64 of the best deals are still up for grabs CNN Our favorite Prime Day gadgets under $100 you don’t need but will really want The Verge Prime Day is over for another year but these top tech deals are still available at Amazon UK — up to 50% off Ninja, Asus, Nothing, Philips, and more TechRadar

US, India trade deal in final steps: Sergio Gor

Politics

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US, India trade deal in final steps: Sergio Gor

While speaking at a business conference in London last week, Commerce Minister Piyush Goyal questioned the methodologies employed by sovereign ratings agencies in assigning ratings to India, saying they have been “unfair to India”. On the other hand, he praised one ratings agency — CareEdge Ratings — for being “objective”. This is not the first time the Indian government has pointed out its problems with the global sovereign ratings agencies. The Hindu looks into what the issues are.What do the ratings agencies measure?India is rated by seven international sovereign credit rating agencies: Standard and Poor’s (S&P), Moody’s Investors Service, Morningstar DBRS, Fitch Ratings, Japanese Credit Rating Agency (JCRA) and Rating and Investment Information (R&I), and CareEdge Ratings. The three most commonly-accepted global ratings agencies are S&P, Fitch, and Moody’s.Explained | What is a ratings agency and why do they matter?The core role of these agencies is to measure the ability and willingness of an entity to repay its debt. These entities can be companies, municipal corporations, states, and, in the case of sovereign ratings, Central or Union governments.Ratings are assigned on an alphabet scale, with Fitch and S&P assigning AAA to their highest rating and Moody’s assigning Aaa to it. The next lower scales are AA+, AA, AA-, A+, A, and A-, before moving on to the ‘B’ ratings in the same format. The lowest rating is D, implying the entity is in default. Moody’s ratings follow the same pattern, although its letters differ.These ratings are important because they determine the interest rate at which the rated entity can borrow at. If an entity is rated AAA, then that means there is no risk of a default and so that entity can borrow at the lowest interest rates. However, the lower the rating, the lower the perceived ability or willingness to repay debt, and so higher the interest rate to mitigate that risk.Now, ‘ability’ and ‘willingness’ to repay debt are two very different metrics. The ability to repay is a much more quantitative metric, since there are hard numbers that can prove whether a country can repay its debt or not. Willingness to repay is an entirely different matter. It is a more qualitative metric and relies more on opinion rather than hard numbers.How has India been rated so far?India’s ratings by most of the agencies has been at the lowest level of the investment grade ratings. That is, India has consistently been rated just one or two grades above ‘junk’ status, which is when institutions will stop lending money for fear of default. Until recently, these ratings were unchanged for more than a decade and, in some cases, nearly two decades.For example, S&P upgraded India’s long-term sovereign credit rating to ‘BBB’ from ‘BBB-‘ in August 2025, the first upgrade by it in 18 years. Similarly, in 2017, Moody’s upgraded India’s rating to Baa2 (equivalent of BBB) from Baa3, its first upgrade in 13 years.There were a couple of other ratings upgrades in 2025, with Rating and Investment Information in September 2025 upgrading India to BBB+ from ‘BBB’ and Morningstar DBRS in May that year upgrading India to BBB.What are India’s issues with the ratings?Despite the recent upgrades, India’s ratings still remain just above junk grade. During his speech in London, Mr. Goyal pointed out that these agencies “haven’t recognised the India growth story, the strong India fundamentals and the sovereign capabilities… and captured it as much as a rating agency should have done”. Previously, Finance Minister Nirmala Sitharaman has also pointed out the same thing, calling for a reform of the ratings agencies’ methodologies.Even the Economic Survey has taken up this issue. The 2020-21 edition by then Chief Economic Adviser Krishnamurthy Subramanian had an entire chapter dedicated to the matter. In it, he pointed out that this was the first time that the fifth largest economy in the world was assigned such a low rating.He also went on to show th

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US, India Trade Deal In Final Steps: Sergio Gor

US ambassador to India Sergio Gor announces Philippines Quad meeting | India News Hindustan Times

Congress’ wait to join the Tamil Nadu Cabinet continues

Politics

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Congress’ wait to join the Tamil Nadu Cabinet continues

Union Textile Minister Giriraj Singh | Photo Credit: SIVA SARAVANAN S The Tamil Nadu textile and apparel industry should leverage the Production Linked Incentive (PLI) scheme for technical textiles and manmade fibre sector for which the Union government has allocated ₹11,000 crore, said Union Textile Minister Giriraj Singh in Tiruppur on Sunday.Speaking at a meeting organised by the Tiruppur Exporters Association (TEA), he said the Centre has relaxed the norms for the PLI scheme to encourage investments in technical textiles and MMF sectors.“As for the new schemes planned by the Ministry, some have gone to the Cabinet, and others will follow—they are designed to be pro-industry. We have factored in everything—machinery, employment, and other aspects. I hope that the State and the Centre will work together,” he said.The Minister also urged the industry to look at investing in States where there is labour availability.When Prime Minister Narendra Modi took office in 2014, silk production stood at 26,000 tonnes annually. It is 43,000 tonnes now and by 2030 it will be 60,000 tonnes. India should export more silk-based garments that are blended with other fibres, he added.A. Sakthivel, chairman of the Apparel Export Promotion Council, said that the Textile Ministry is introducing new initiatives every two months and all the seven PM MITRA parks were now operational.According to K.M. Subramanian, president of the TEA, the government should look at early implementation of the Textile Expansion and Employment Scheme (TEEM) and extend benefits under the Rebate of State and Central Taxes and Levies for three more years. Later, the Minister interacted with textile machinery manufacturers and had a meeting with officials of the South India Textile Research Association (SITRA) in Coimbatore. Responding to the demand to extend benefits under the TEEM scheme for the spinning and cotton ginning machines, he asked the industry for details so that the Ministry can study it.The industry in Tamil Nadu should look at tripling exports, he said and called for investments to make indigenous machinery for knitting, weaving, and processing sectors.The Minister also inaugurated a GM Testing Laboratory for cotton and cotton-derived materials at SITRA. The laboratory will meet the growing need for traceability, quality assurance, and compliance in the global cotton trade. It will help exporters meet requirements of organic standards such as GOTS and OCS, which mandate qualitative GM cotton screening.The laboratory has obtained its NABL accreditation in the recent assessment. Published - June 28, 2026 09:51 pm IST

PM Modi may meet Trump on margins of G7 summit

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PM Modi may meet Trump on margins of G7 summit

Speaking in Washington after the success of three progressive candidates in New York's Democratic primary elections this week, Trump called left-wing ideology an "uncontrollable form of cancer" that will ensure America is "taken down."

Telegram becomes operational in India for some users a week after Centre's temporary ban over NEET paper leak

Economy

4updates

tradeindiafirst

Telegram becomes operational in India for some users a week after Centre's temporary ban over NEET paper leak

The normal date of the Southwest monsoon onset in Delhi is June 27 (1961-2019), the India Meteorological Department says. However, monsoon showers in the national capital are likely to be delayed this year.When will monsoon reach Delhi? Expert says monsoon progress is ‘slowing down’ because...(Raju Shinde)Delhi is witnessing light to moderate rainfall even as it awaits a robust monsoon spell. The India Meteorological Department (IMD) said on Wednesday that the Southwest Monsoon is likely to advance in neighbouring Uttar Pradesh in the next two to three days. But when can we expect monsoon showers in Delhi?The normal date of the Southwest monsoon onset in Delhi is June 27 (1961-2019), the India Meteorological Department says. Last year, the monsoon arrived late in Delhi. It made its onset over the national capital on June 29, 2025. Monsoon withdrew from Delhi on September 24, 2025, against its normal date of withdrawal on September 25.This year, meteorologists predict a delayed monsoon in Delhi. Mahesh Palawat, vice-president at Skymet Weather, told PTI that the monsoon is likely to reach Delhi during the first week of July rather than June 27.Meanwhile, an IMD official was quoted as saying, "Monsoon generally reaches Delhi by around June 28, but this year it will be delayed. We do not know exactly when it will reach."Why is monsoon progress slowing down?The arrival of SouthWest Monsoon is prolonging by each day. SkyMet claimed that no major monsoon system has formed over the Bay of Bengal yet, "keeping monsoon advancement sluggish across many parts of India.""Active typhoons Mekkhala and Higos over the western Pacific are disrupting favourable weather patterns," the weather agency wrote in a post on X.Meanwhile, Palawat of Skymet explained the weather pattern behind the delay. He said the delay was due to the absence of the crucial Bay of Bengal weather system that typically helps propel rain-bearing winds towards northwest India.A low-pressure area normally develops over the Bay of Bengal around June 18-19 and helps pull moisture-laden winds from the Arabian Sea towards the Indian mainland, meteorologists said."The system then moves across Odisha, Bihar and eastern Uttar Pradesh before advancing into northwest India, including Delhi. This creates a favourable anti-clockwise cyclonic circulation pattern that helps the monsoon progress further inland," they told PTI.Palawat said, "We expect a favourable system to develop over the Bay of Bengal around June 25-26, after which the monsoon is likely to reach Delhi during the first week of July rather than June 27, which is the expected onset."Monsoon in Delhi: Tracking the patterIn 2020, the southwest monsoon reached Delhi on June 25 and covered the entire country a day later on June 26.In 2021, the monsoon's advance over Delhi was delayed until July 13, the same day it covered the entire country.In 2022, the monsoon arrived in Delhi on June 30, and covered the whole country by July 2.In 2023, it reached the national capital on June 25 and completed its advance over the country on July 2.In 2024, the monsoon advanced over Delhi on June 28, while the entire country came under its coverage on July 2.Last year, the monsoon reached Delhi on June 29 and simultaneously covered the entire country on the same day.The data show that, except for 2021, the southwest monsoon has generally reached Delhi between June 25 and June 30 over the last five years.Stay updated with the latest Trending, India , World and US news. HomeNewsIndiaDelhi monsoon expected by July first week? Expert says progress is ‘slowing down’ because...More

Iran-US deal signed: Top 20 countries with cheapest gasoline prices — India sees 7% hike in 3 months, show data

Economy

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dealcountriesiranus

Iran-US deal signed: Top 20 countries with cheapest gasoline prices — India sees 7% hike in 3 months, show data

LPG price today — 21 June: With crude prices easing, check latest domestic and commercial cylinder rates in Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad and other cities.LPG price today — 21 June: How costly is domestic and commercial cylinder in Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad and other cities.(PTI)LPG prices today, 21 June: The prices of domestic and commercial Liquefied Petroleum Gas (LPG) cylinders remained steady on Sunday, 20 June. LPG prices haven't changed since the latest hike that came about on 7 June, which marked second hike in domestic LPG prices since onset of West Asia war on 28 February. However, commercial LPG prices surged by over 79% during the same period after undergoing five revisions at regular intervals.The price of a 19-kg commercial cylinder climbed by ₹42 to ₹53.50 per cylinder while that of 14,2 Kg domestic LPG cylinder it rose by ₹29 after latest hike earlier this month. Geopolitical tensions in West Asia severely disrupted energy supply chains due to blockade of Strait of Hormuz transit route.State-owned oil marketing companies (OMCs) absorbed massive price shocks to shield domestic retail consumers and suffered severe under-recoveries due to global volatility in oil prices. However, the recent easing of crude prices in the wake of US-Iran deal could potentially influence domestic fuel pricing, the Petroleum Ministry said.CityDomestic (14.2 Kg)Commercial (19 Kg)New Delhi ₹942.00 ( +29.00 ) ₹3,113.50 ( +42.00 )Kolkata ₹968.00 ( +29.00 ) ₹3,255.50 ( +53.50 )Mumbai ₹941.50 ( +29.00 ) ₹3,067.50 ( +43.50 )Chennai ₹957.50 ( +29.00 ) ₹3,283.00 ( +46.00 )Gurugram ₹950.50 ( +29.00 ) ₹3,130.00 ( +42.00 )Noida ₹939.50 ( +29.00 ) ₹3,113.50 ( +42.00 )Bengaluru ₹944.50 ( +29.00 ) ₹3,198.00 ( +46.00 )Bhubaneswar ₹968.00 ( +29.00 ) ₹3,290.00 ( +52.00 )Chandigarh ₹951.50 ( +29.00 ) ₹3,136.00 ( +43.50 )Hyderabad ₹994.00 ( +29.00 ) ₹3,367.00 ( +52.00 )Jaipur ₹945.50 ( +29.00 ) ₹3,141.00 ( +42.00 )Lucknow ₹979.50 ( +29.00 ) ₹3,236.00 ( +42.00 )Patna ₹1,031.50 ( +29.00 ) ₹3,400.00 ( +53.50 )Thiruvananthapuram ₹951.00 ( +29.00 ) ₹3,152.00 ( +46.00 )Will govt reduce fuel rates with easing crude prices?Joint Secretary in the Ministry of Petroleum and Natural Gas Sujata Sharma while addressing an inter-ministerial media briefing on Thursday said, "As you know, the price of crude went up to USD 120 per barrel. Now it is coming down," adding, “The government is seized of the matter and appropriate decisions regarding retail prices will continue to be taken in line with the evolving international situation,” ANI reported.It is important to note that India imports nearly 85-90 per cent of its crude oil requirements, with gulf countries being its key energy suppliers. India, one of the world's largest energy importers, was heavily dependent on supplies transiting the Strait of Hormuz, the principal export route for Saudi Arabia, Iraq, Kuwait, the UAE and Qatar. Around 90 per cent of its LPG imports came from West Asia.During the conflict, India sharply diversified its LPG sourcing by increasing imports from the US, Iran and several other countries to reduce dependence on the Gulf region. According to a Crisil report, India sourced one-third of its LPG imports from the United States.This is when Argentina, Chile, France and the Netherlands also entered its import basket. However, this trade off came at price as the Saudi Aramco Contract Price, the benchmark for Indian imports, rose 46 per cent between February and June. Hence, fuel retailers incurred cumulative losses amounting to ₹22,000 crore during March-May.On Thursday, India's top refiner Indian Oil Corp (IOC) issued tenders to charter vessels to lift liquefied petroleum gas and oil from ports inside the Strait of Hormuz, Reuters reported. Between 30 June and 4 July, IOC seeks to lift LPG from the ports of Ras Laffan in Qatar, Mina Al Ahmadi in Kuwait or Ruwais in the UAE. On the following day, Reliance executive director Anant Ambani claimed that the comp

‘Without me, there would be no Israel,’ claims Trump as he seeks to finalise a peace deal with Iran

Economy

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trumpiranlive

‘Without me, there would be no Israel,’ claims Trump as he seeks to finalise a peace deal with Iran

US President Donald Trump on Friday (local time) claimed that he would be able to stop Israel from carrying out any more strikes in Lebanon, asserting that the Israeli leadership acts on his directions due to what he calls strong mutual respect.Trump made these remarks during an interview on The Axios Show. When asked if he could influence Israeli military actions in the Middle East region, especially potential strikes on Beirut, the US President said that he would be able to exercise control over such decisions. He added, "Yeah, I will be. I mean, they have a lot of respect for me, and they do as I say."Trump's remarks come days after he signed the US-Iran interim peace deal, a 14-point Memorandum of Understanding (MoU), at Versailles, France. The agreement, which is aimed at ending the US-Iran conflict permanently, also seeks the permanent and immediate cessation of hostilities on all fronts, including Lebanon. However, so far, Tel Aviv has continued with its military offensive in Beirut to target Iran-backed Hezbollah militants, a move that has irked Trump a lot more in the last few weeks and strained ties between the two leaders.Trump-Netanyahu tiesDuring the interview, he also referred to Israeli Prime Minister Benjamin Netanyahu and said that he maintains a strong but closely watched relationship with him and added, "It's good, but we have to keep him a little bit sane."His remarks came after the US President expressed frustration with Netanyahu over jeopardising the US-Iran deal. According to reports, the Israeli prime minister was also sidelined from the negotiations that led to the interim deal. The Wall Street Journal reported that the frequent phone calls between the two leaders have now become less friendly. During a recent phone call about Beirut, Trump asked Netanyahu, "Why are you blowing up buildings?" and asked him to "stop blowing up buildings." In another call, he reportedly complained that the worldwide downturn sparked by the war could tie him to Herbert Hoover and the Great Depression of the 1930s.Since the war began in late February, the US President has yelled at Netanyahu on several occasions, a fact he acknowledged earlier this month. Earlier this week, he said, “Without the US, there would be no Israel. Without me, there would be no Israel because no other President was willing to do what I did. I have had a great relationship with Bibi. Now Bibi has to be more responsible with respect to Lebanon.”Earlier this month, both Netanyahu and Trump downplayed their rift. Speaking with CNBC, he said that while they sometimes have "tactical disagreements," they "agree on the main things." He said, "Sometimes we have, as in the best of families, these tactical disagreements, but we always find a way to work them out, and we do so as great friends."The Israeli PM added, "We can disagree in the morning" and find common ground by the afternoon.During the interview, Trump reiterated that without him, Israel would have been "eviscerated." He added, "Remember this: if I don't terminate the JCPOA--road to--remember that was a road to a nuclear weapon legally. It says right there. And Obama thought he could pay them off. He gave them billions and billions of dollars, 1.7 billion in cash. You know, it was a well-known story, but it didn't work. You can't bribe your way out of it; you can't pay your way. But if I didn't do that and if I didn't attack their nuclear supply 10 months ago with the B-2 bombers, Israel would not exist today."Israel-Hezbollah ceasefireOn Friday (local time), reports suggest that a renewed ceasefire agreement was reached between Israel and Hezbollah amid efforts to de-escalate tensions in the region.CNN, citing sources familiar with the negotiations, reported that Israel and Hezbollah have reached an agreement to reinstate a ceasefire, which came into effect at 9 am (local time).However, Israel Defence Forces (IDF) Spokesperson Brigadier General Effie Defrin said that the Israeli forces would c

From MIT to $60 billion deal: Meet Aman Sanger, Cursor’s Indian-origin co-founder

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From MIT to $60 billion deal: Meet Aman Sanger, Cursor’s Indian-origin co-founder

3 min readNew DelhiJun 18, 2026 04:24 PM IST Aman Sanger, the Indian-origin co-founder of Cursor, is in the spotlight following SpaceX’s proposed $60 billion acquisition of the AI coding startup. (Express Image: Cursor/LinkedIn)Elon Musk’s SpaceX has agreed to acquire Anysphere, the startup behind the artificial intelligence (AI)-powered coding assistant Cursor, in a deal valued at $60 billion, drawing attention to Aman Sanger, one of the company’s co-founders and a rising name in the AI industry. The proposed acquisition is among the largest transactions involving an AI software company and reflects growing interest in tools that use AI to assist software developers.Cursor, which was founded in 2022, has emerged as one of the fastest-growing startups in the AI-assisted coding space, attracting millions of users. Sanger co-founded the company along with Michael Truell, Sualeh Asif, and Arvid Lunnemark while they were students at Massachusetts Institute of Technology (MIT). Indian roots and early years Sanger, 25, was raised in New York. His father, Arvind Sanger, is an IIT Bombay alumnus and founder of investment firm Geosphere Capital, while his mother, Shilpa Sanger, is an orthodontist, entrepreneur and angel investor. According to reports, Sanger developed an interest in programming at a young age and began coding as a teenager. His academic journey eventually took him to MIT, where he studied Computer Science and met the future co-founders of Cursor. Before launching the startup, Sanger also gained experience through internships at major organisations, including Google and Bridgewater Associates. A Forbes report suggests he was involved in AI-related projects even before founding Cursor. Building Cursor The founders launched their company, Anysphere, in 2022 with the aim of building practical AI tools. Initially, they developed products related to computer-aided design, but later shifted their focus to software engineering after recognising a larger opportunity in developer tools.Story continues below this ad That pivot led to the creation of Cursor, an AI-powered code editor designed to help developers write, edit and understand software more efficiently. Unlike traditional coding assistants that mainly provide autocomplete suggestions, Cursor can analyse larger codebases, answer questions about software projects and generate code based on user prompts. The platform has become popular among individual developers as well as enterprise customers looking to improve productivity. Rapid growth As demand for AI-powered developer tools increased, Cursor experienced rapid growth. The company attracted funding from prominent investors and reached multibillion-dollar valuations through successive funding rounds. The proposed SpaceX acquisition values Cursor at $60 billion, underscoring the increasing strategic importance of AI coding tools as businesses seek to integrate AI into their software development workflows.Story continues below this ad Why the deal matters The transaction highlights how AI-powered developer platforms have become a key battleground in the technology industry. It also places Aman Sanger among a growing group of Indian-origin entrepreneurs making their mark in the global AI ecosystem. For Sanger, the deal marks a significant milestone in a journey that began with learning to code as a teenager and led to the creation of one of the industry’s most closely watched AI startups. (This article has been curated by Shivani P Menon, who is an intern with The Indian Express)

Aluminium stocks slide as US-Iran deal eases supply fears, ends war-driven rally

Economy

usirandealstocks

Aluminium stocks slide as US-Iran deal eases supply fears, ends war-driven rally

Mumbai: Aluminium stocks fell up to 5% Tuesday after the interim US Iran deal removed supply constraints that had driven a rally in the base metal since the war began in Iran.Analysts said that the sector could face near term pressure as aluminium prices are likely to fall further.Vedanta Aluminium Metal dropped 5% while National Aluminium Company and Hindalco fell 4.1% and 3.1% respectively. The Nifty Metal Index slid 1.6% on Tuesday while benchmark Nifty rose 0.6%.Since the blockage at Strait of Hormuz is expected to open, the imports which were stuck are likely to sail through and restore supply, said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.AgenciesTrend Shift Truce brings a downfall for stocks riding high on war impact; Metal index could slip another 5% as deal likely to unlock 10% of global metal supply"This implies that the premium that aluminium based companies were enjoying will get eroded," said Trivedi. "If the peace deal is signed on June 19th as anticipated, then further profit booking could drag the metal index 5% lower."The sudden deal could unlock nearly 10% of global primary aluminium supply-while tumbling energy costs have lowered global production curves. This has forced benchmark LME aluminium down to around $3,374 per metric tonne, said Nishchal Jain, Quant Researcher, Share.Market by Phone Pe."The Daily Relative Strength Index (RSI) levels have cooled to a neutral-to-bearish zone, indicating that while short-term dead-cat bounces are possible, the sector faces further near-term consolidation toward a crucial global price floor of $3,200 to $3,250," said Jain.Aluminium prices on London Metal Exchange (LME) prices slumped over 8% in June so far, after it rallied for six consecutive months, surging nearly 9% in March, at the peak of the war. On Tuesday it fell as much as $3,333.75- after dropping nearly 5% on Monday."Considering the importance of aluminum, from consumption perspective these higher prices were not sustainable," Parthiv Jhonsa, VP, Anand Rathi Institutional Equities. "LME prices are expected to be around $3300 for FY27 and $3175 for FY28."Jhonsa said that the Q1 earnings for these companies could be robust due to increased margins on account of the spike in aluminum prices.The Nifty Metal Index jumped nearly 7% from the war until Monday while benchmark Nifty declined 5.3% in the same period. "In the near term the rally is expected to be done, and investors are advised to allocate once the index corrects 5-8%," said Trivedi. "Nalco will become attractive after a 15% dip from current levels.Jain said that Hindalco Industries remains the top defensive pick to accumulate on dips."More than half of its revenue comes from its US downstream subsidiary, Novelis, whose margins rely on processing conversion spreads rather than volatile primary LME prices, leaving it structurally insulated," he said.