Hyderabad: Prime Minister Narendra Modi on Friday said he would participate in the G7 Summit in Kananaskis later this month and thanked Canadian Prime Minister Mark Carney for inviting him. Taking to his X handle, PM Modi wrote India and Canada will work together with renewed vigour, guided by mutual respect and shared interests. "Glad to receive a call from Prime Minister @MarkJCarney of Canada. Congratulated him on his recent election victory and thanked him for the invitation to the G7 Summ...Read More
Mumbai: The Reserve Bank of India's (RBI) Monetary Policy Committee on Friday cut the repo rate by 50 basis points (bps) to 5.50%. This is the third straight rate cut, leading to a cumulative reduction of 100 bps since the easing cycle began in February. As part of the monetary policy decision to support growth, the committee also reduced the cash reserve ratio (CRR) -- the amount of funds that banks need to park with RBI -by 100 bps. However, the rate-setting panel changed the policy stance fr...Read More
Mumbai, Jun 6 (PTI) Low-cost carrier Akasa Air on Friday announced a tie-up with Adani Airport Holdings to operate from the conglomerate-run Navi Mumbai airport once it begins operations in late-August. The city-headquartered airliner will have 15 domestic departures from the airport initially, which will go up to 50 by the end of the winter schedule, its Founder and Chief Executive Vinay Dube said. A few days ago, larger rival Indigo had announced a similar tie-up to operate from the new airp...Read More
New Delhi, Jun 6 (PTI) A Delhi court on Friday decided to start hearing arguments on charge from July 2 in the Unlawful Activities (Prevention) Act case related to February 2020 riots. Additional Sessions Judge Lalit Kumar on June 2 noted that the prosecution and counsel for five accused persons had completed their arguments on charge. The court then sought the "schedule regarding the time frame" and the manner of addressing the arguments, "particularly time or hours" from the special public p...Read More
Mumbai/New Delhi: Akasa Air will operate flights from day one of the opening of the Navi Mumbai International Airport (NMIA). The airport is likely to start operations from the end of Aug. The airline will start with 15 daily domestic flights and increase the number to over 40 domestic plus 8-10 international flights by next summer, said Akasa founder-CEO Vinay Dube and co-founder and chief commercial officer Praveen Iyer on Friday. "Between our 32 daily flights at Mumbai CSMIA and NMIA, we will...Read More
KATRA, Jun 6: As the valley delves into jubilation over freshly launched rail connectivity, traders in adjacent Jammu were a bit subdued, apprehending a loss of business because of the travellers bypassing them wholesale straight to Kashmir. As a result, traders' outfits in the district have urged the government to think about the economic impact and address it. "We congratulate the prime minister on this historic step. It will provide Kashmir with all-weather connectivity. But it will inevita...Read More
Jammu: Prime Minister Narendra Modi flagged off the Vande Bharat Express trains connecting Katra to Srinagar, marking a historic moment for railway connectivity in Jammu and Kashmir. The trains crossed the Chenab Bridge, the world's highest railway bridge, shortly after their inauguration. Key Highlights of Newly Launched Vande Bharat: Vande Bharat Express train flagged off by PM Modi from Katra today arrives at Srinagar. School students aboard the New Vande Bharat Express experience pure won...Read More
Itanagar, Jun 6 (PTI) A gunfight broke out between security personnel and suspected militants along the India-Myanmar border in Arunachal Pradesh's Longding district, a defence official said on Friday. During patrolling in the Pongchau circle on Thursday, security forces observed the movement of some armed men and challenged them, he said. Also Read | Water Cut in Pune: Supply Suspended in South Pune on June 12 Due to Maintenance Work; Check Affected Areas. The suspected militants started ind...Read More
New Delhi, Jun 6 (PTI) Reserve Bank monetary policy action to cut repo rate by large 50 basis points is among the most growth-oriented and borrower-centric interventions seen in recent years, and will reduce repayment burden on individuals as well as corporate, experts said. Home, auto and other loans are likely to cost less as the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50 basis points on Friday, and unexpectedly reduced the cash reserve ratio for banks to make...Read More
New Delhi [India], June 6 (ANI): Elon Musk-owned satellite internet company Starlink has been given license by the government to launch GMPCS (Global Mobile Personal Communication by Satellite) services, VSAT Services and ISP Category-A under unified license. Starlink is the third company to receive the nod for GMPCS sevices from the Department of Telecom, after OneWeb and Reliance Jio. Global Mobile Personal Communication by Satellite (GMPCS) license authorizes the use of satellite technology...Read More
New Delhi, Jun 6 (PTI) Reserve Bank monetary policy action to cut repo rate by large 50 basis points is among the most growth-oriented and borrower-centric interventions seen in recent years, and will reduce repayment burden on individuals as well as corporate, experts said. Home, auto and other loans are likely to cost less as the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50 basis points on Friday, and unexpectedly reduced the cash reserve ratio for banks to make...Read More
New Delhi, Jun 6 (PTI) Multi Commodity Exchange of India Ltd (MCX) on Friday said it has received approval from markets regulator Sebi to launch electricity derivatives. The electricity derivatives contracts to be introduced by MCX will help power distribution companies, and large consumers to hedge against price volatility and manage price risks more effectively, by enhancing efficiency in the power market, the commodity bourse said in a statement. "These contracts will offer participants a r...Read More
Durg: It was a proud moment for Chhattisgarh to witness Prime Minister Narendra Modi inaugurate the world's highest railway bridge over Chenab river on Friday as steel used for building this architectural marvel was supplied by Bhilai Steel Plant, located in Durg district. This is India's first cable-stayed rail bridge. Located in Jammu and Kashmir's Reasi district, this bridge connects the Udhampur-Srinagar-Baramulla Railway Link project. This arch bridge spanning 1,315 metres is at a height o...Read More
Katra, Jun 6 (PTI) As the valley delves into jubilation over freshly launched rail connectivity, traders in adjacent Jammu were a bit subdued, apprehending a loss of business because of the travellers bypassing them wholesale straight to Kashmir. As a result, traders' outfits in the district have urged the government to think about the economic impact and address it. "We congratulate the prime minister on this historic step. It will provide Kashmir with all-weather connectivity. But it will in...Read More
NEW DELHI, June 6 (Xinhua) -- India's foreign exchange reserves declined by 1.24 billion U.S. dollars to 691.49 billion dollars during the week ended May 30, showed the weekly data released by the country's central bank, the Reserve Bank of India (RBI), on Friday. In the preceding week, the country's forex reserves had increased by nearly 7 billion U.S. dollars. According to RBI Governor Sanjay Malhotra, the forex reserves were robust and sufficient to cover more than 11 months of goods import...Read More
Dimapur: In a landmark initiative to promote and preserve the rich handloom and handicraft tradition of Nagaland, chief minister Neiphiu Rio inaugurated the new state emporium complex in Kohima on Friday. The seven-storey facility will serve as a hub for Naga handloom, handicrafts, and cultural promotion of the state. Ready for a challenge? Click here to take our quiz and show off your knowledge! Addressing the gathering, Rio emphasised the cultural and economic importance of the new facility...Read More
New Delhi, Jun 6 (PTI) Multi Commodity Exchange of India Ltd (MCX) on Friday said it has received approval from markets regulator Sebi to launch electricity derivatives. The electricity derivatives contracts to be introduced by MCX will help power distribution companies, and large consumers to hedge against price volatility and manage price risks more effectively, by enhancing efficiency in the power market, the commodity bourse said in a statement. Also Read | How To Activate Your UAN Online?...Read More
Sonitpur (Assam) [India], June 6 (ANI): As the swelling Brahmaputra's raging floodwaters submerge vast areas of Tezpur, local residents are demanding immediate action from the state government to prevent further soil erosion and houses from getting washed away. A local resident said, "One or two houses have been washed away. In the Bhomoraguri village, under the Tezpur Legislative Assembly constituency, Sonitpur district, a large portion of land along with many homes at Bairagi Tila has been sw...Read More
Friday, 6 June 2025 () India's foreign exchange reserves decreased by $1.24 billion to $691.49 billion in the week ending May 30, according to RBI data. Despite this dip, the central bank assures that the reserve buffer remains strong, covering 11 months of imports and a significant portion of external debt. Foreign currency assets fell, while gold holdings increased, nearly doubling their share since 2021....Read More
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Trump and Musk's most "hot" alliance, the breakup is also the most "hot" and spectacular: on Thursday, the two were almost completely torn apart in a live broadcast similar to a reality show. Musk called him "ungrateful" and Trump described him as "crazy". As soon as the news came out, it immediately caused a sharp drop in the stock and crypto markets. ETHRANSACTION reminds crypt...Read More
New Delhi, Jun 6 (PTI) Maruti Suzuki India on Friday said it is planning to roll out a financing scheme for existing customers to upgrade to its mid-sized SUV Grand Vitara. Customers willing to upgrade can opt for a brand new Grand Vitara at an affordable EMI of Rs 9,999 per month available in the market, almost 20 per cent lower EMI compared to standard finance schemes, Maruti Suzuki India Senior Executive Officer (Marketing & Sales) Partho Banerjee said. Also Read | How To Activate Your UAN ...Read More
New Delhi, Jun 6 (PTI) The reduction in import duty on edible oils, including palm, soya and Sunflower, is going to help FMCG companies improve their margins and stabilise their input costs, according to experts. Palm Oil, which the FMCG companies use as a key ingredient for the manufacturing of soaps and even food products, will also help cool down consumer monthly inflation, experts said. Also Read | How To Activate Your UAN Online? Step-by-Step Guide As EPFO Extends Activation Deadline to J...Read More
NEW DELHI, June 6 (Reuters) - Trade talks between Indian and U.S. officials have been extended into next week as both sides seek consensus on tariff cuts in the farming and auto sectors, aiming to finalise an interim deal before a July 9 deadline, Indian government sources said. A U.S. delegation led by senior officials from the Office of the United States Trade Representative (USTR) held two days of discussions in New Delhi with Indian trade officials headed by chief negotiator Rajesh Agrawal,...Read More
Mumbai (Maharashtra) [India], June 6 (ANI): Akasa Air on Friday announced its partnership with Adani Airport Holdings Ltd (AAHL) to commence commercial flight operations from the upcoming Navi Mumbai International Airport (NMIA). A joint statement said Akasa Air will initially operate 100+ weekly domestic departures, scaling up to 300+ domestic and over 50+ international departures weekly in the winter schedule. As part of its broader network strategy, the airline is also set to ramp up to 10 ...Read More
Mumbai (Maharashtra) [India], June 6 (ANI): The trailer of docuseries 'In Transit' has been unveiled. Produced by Zoya Akhtar & Reema Kagti under the banner of Tiger Baby, the four-part docuseries is directed by Ayesha Sood. The project explores the lives of trans and non-binary individuals navigating love, identity, and the boundaries of gender in a uniquely Indian way. Speaking about the docuseries, Zoya Akhtar in a press note said, 'In Transit is a very special series for us. At Tiger Baby...Read More
New Delhi, June 6 (SocialNews.XYZ) Leading industry chambers on Friday lauded the RBI's rate cut decision, describing the continuation in the accommodative policy stance as a catalyst for boosting capex and demand across different sectors of the economy. Assocham expressed delight at the 50-basis-point reduction in the policy interest rates. "The MPC's repo rate cut of 50 basis points and cash reserve ratio cut of 100 bps is expected to reduce lending rates, spur growth in the economy and enco...Read More
New Delhi [India], June 6 (ANI): The Indian stock indices ended on a strong note and surged after the larger-than-expected policy rate cut, reflecting elevated optimism among the market participants on the last trading day of the week. At the end of the trading on Friday, the BSE Sensex was at 82,188.99, up 746.95 points or 0.92 per cent, and the Nifty 50 was up 252.15 points or 1.02 per cent. The market analysts say that the RBI's decision to cut the repo rate exceeds expectations and gives a...Read More
New Delhi, Jun 6 (PTI) The reduction in import duty on edible oils, including palm, soya and Sunflower, is going to help FMCG companies improve their margins and stabilise their input costs, according to experts. Palm Oil, which the FMCG companies use as a key ingredient for the manufacturing of soaps and even food products, will also help cool down consumer monthly inflation, experts said. The move will not only benefit the food companies, for which palm oil is almost 25-30 per cent of their ...Read More
New Delhi [India], June 6 (ANI): Elon Musk-owned satellite internet company Starlink has been given license by the government to launch GMPCS (Global Mobile Personal Communication by Satellite) services, VSAT Services and ISP Category-A under unified license. Starlink is the third company to receive the nod for GMPCS sevices from the Department of Telecom, after OneWeb and Reliance Jio. Also Read | Bharat Electronics Limited, Tata Electronics Sign MoU To Develop Indigenous Electronics and Semi...Read More
New Delhi, June 6: In line with the government's vision for self-reliance, navratna defence PSU Bharat Electronics Limited (BEL) on Friday announced a collaboration with Tata Electronics towards the development of indigenous electronics and semiconductor solutions. The memorandum of understanding (MoU) is a significant step forward for BEL and Tata Electronics in jointly exploring end-to-end solutions to meet domestic requirements., BEL said in a stock exchange filing. BEL and Tata Electronics ...Read More