GAIL (India) said on Friday that it has successfully berthed and discharged its first LNG vessel at the Dabhol LNG terminal following the completion of its landmark breakwater project. The vessel, GAIL Bhuwan, was received on June 2, 2025, by Sandeep Kumar Gupta, CMD of GAIL, marking the beginning of uninterrupted, round-the-year operations at the terminal. With the commissioning of the breakwater after receipt of all statutory approvals, Dabhol LNG Terminal has now been designated an all-weat...Read More
New Delhi [India], June 6 (ANI): India and Italy will strengthen cooperation in agriculture and food processing, and set up Joint Working Groups in the automobile and space sectors, the Minister of Commerce & Industry said in a release. The decision was reached during a high-level meeting held between Union Minister of Commerce & Industry, Piyush Goyal, and Italy's Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, Antonio Tajani, in Brescia--Italy's manufactur...Read More
New Delhi, Jun 6 (PTI) India's biggest gas utility GAIL has started operating its 5 million tonnes a year liquefied natural gas (LNG) import terminal at Dabhol in Maharashtra at full capacity as it received its first ever cargo at the facility during monsoon. The company had to shut the Ratnagiri terminal, popularly known as the Dabhol LNG plant, for four months from May 25 each year to avoid high swell in the sea damaging ships or the jetty while berthing. The firm has now completed building a...Read More
GAIL (India) Limited has successfully berthed and discharged its first LNG vessel at the Dabhol LNG Terminal following the completion of the landmark Breakwater Project. The vessel, GAIL Bhuwan, was received on 02 June 2025. With the commissioning of the breakwater after receipt of all statutory approvals, Dabhol LNG Terminal has now been designated an all-weather port which is a critical transformation that ensures safe and reliable LNG operations even during the Southwest monsoon, traditional...Read More
New Delhi [India], June 6 (ANI): Aadhaar number holders carried out over 211 crores authentication transactions, pushing the total number of such transactions since Aadhaar's inception to more than 15,223 crores (152.23 billion), according to a release by the Ministry of Electronics & IT. The ministry reported that the transaction in May 2025 saw more transactions, as compared to the same month last year, when 201.76 Cr such transactions were carried out. This growth in number is a reflection ...Read More
MUMBAI, India -- India's central bank cut interest rates more than expected on Friday. For this, the Reserve Bank of India (RBI) cited muted inflation and a need to kickstart economic growth. This happened as the impact of US tariffs weighed on the country's outlook. The RBI lowered the benchmark repo rate, the level at which it lends to commercial banks. This went down by 50 basis points to 5.5 percent. A majority of analysts had expected a 25-basis-point reduction. The cut was RBI's third i...Read More
Mumbai, June 6 (SocialNews.XYZ) Shares of IndusInd Bank rose as much as 5.3 per cent on Friday, after the Reserve Bank of India (RBI) said the problems at the private sector lender are likely to settle soon. However, the stock later gave up some of its early gains. During mid-day trade, around 1:45 pm, IndusInd Bank shares were seen consolidating and were trading at Rs 827.85, up by Rs 24.65 or 3.07 per cent on the National Stock Exchange (NSE). The bank had been facing scrutiny due to past ac...Read More
New Delhi [India], June 6 (ANI): Prime Minister Narendra Modi on Friday said that the country's 'Yuva Shakti' is associated with dynamism, innovation and determination and has driven India's growth with unmatched energy and conviction. In a post on X, PM Modi said that the last 11 years have also seen a decisive shift in policy and programmes aimed at youth empowerment. He added that government initiatives like StartUp India, Skill India, Digital India and the National Education Policy 2020 are...Read More
New Delhi [India], June 6 (ANI): The Federation of Automobile Dealers Associations (FADA) on Friday released vehicle retail data for May, which revealed a modest rise of 5 per cent as compared to the same month last year. Segment-wise, two-wheeler was the best category, which performed, registering a rise of 7.3 per cent on a year-on-year basis, followed by three-wheeler (rise of 6.2 per cent), and the tractor segment registered a gain of 2.7 per cent on yoy basis.On the flip side, the Passenger...Read More
Pune (Maharashtra) [India], June 6: Bajaj Markets simplifies access to personal loans from multiple financial partners, and facilitates the funding for diverse needs, including travel, wedding expenditures, and medical emergencies. Users can easily compare vital loan specifics like interest rates, available loan amounts, and repayment tenures, and select those that align with their specific requirements and preferences. Also Read | Arietids Meteor Shower 2025 Peaks on June 7: Why Is It Known As...Read More
New Delhi [India] June 6 (ANI): As global bond markets experience turbulence amid rising long-dated treasury yields in the United States and Japan, experts say India's long-term government securities (G-secs) are expected to remain resilient, supported by strong domestic fundamentals and accommodative policy by the Reserve Bank of India (RBI). On June 6, 2025, the Reserve Bank of India (RBI) cut the repo rate by 50 basis points. According to the Federal Reserve Bank of St. Louis, the 30-year U...Read More
Raipur (Chhattisgarh) [India], June 6 (ANI): Just a day after security forces neutralised a top naxal leader, Sudhakar (alias Gautam), in Chhattisgarh's Bijapur, Chief Minister Vishnu Deo Sai departed for Delhi to meet Prime Minister Narendra Modi and discuss the successful operations to finish naxalism, the path forward, while also discussing the state's development. CM Sai will be visiting Delhi today and tomorrow (June 7). 'I am visiting Delhi for two days. I will return tomorrow. I will me...Read More
Thiruvananthapuram/Chennai, Jun 6 (PTI) Malayalam actor Shine Tom Chacko's father died in a road accident near Dharmapuri in Tamil Nadu on Friday morning when the family was travelling to Bengaluru, police said. According to a senior police officer in Dharmapuri, the actor suffered a fracture to his left arm, while his brother and mother, who were also in the vehicle, and the driver of the car suffered minor injuries. The incident occurred early in the morning on the national highway from Sale...Read More
New Delhi [India], June 6 (ANI): The decision of the Reserve Bank of India (RBI) to reduce the policy repo rate will significantly help mid-segment housing across top-tier cities, translating into lower EMIs (Equated Monthly Installment) and better affordability, said real estate executives, terming it a 'strategic move'. The policy rates massively impact the sale of the real estate infrastructure, as lowering of rates means lower interest rates from banks for the home buyers and cheaper EMIs. ...Read More
Katra (Jammu and Kashmir) [India], June 6 (ANI): An air of enthusiasm was seen in school children of Katra on Friday as they awaited Prime Minister Narendra Modi. The PM is all set to flag off the Vande Bharat Express today on the Udhampur-Srinagar-Baramulla Rail Link (USBRL) from Katra to Srinagar. The 272 km long project is built at Rs 43,780 crore and includes 36 tunnels spanning 119 km and 943 bridges 'We have come here to see PM Modi, who is coming here to flag off the first train to Kas...Read More
New Delhi, June 6 (SocialNews.XYZ) Following the death of 11 people in a stampede outside the M. Chinnaswamy Stadium during the IPL 2025 victory celebrations of Royal Challengers Bengaluru (RCB) on June 4, the Bengaluru Police on Friday arrested four officials, including the marketing head of the franchise. The Bengaluru police on Friday arrested RCB's Marketing and Revenue head Nikhil Sosale who was waiting to board a flight to Mumbai from the Kempegowda International Airport. The police also ...Read More
New Delhi [India], June 6 (ANI): Economists across the board have welcomed the Reserve Bank of India's (RBI) latest policy decision, terming the 50 basis points (bps) repo rate cut as a pro-growth move that is expected to significantly boost liquidity and economic activity in the country. On Friday, RBI Governor Sanjay Malhotra announced the decision of the Monetary Policy Committee (MPC), stating that the policy repo rate has been reduced from 6 per cent to 5.5 per cent. This larger-than-expe...Read More
Bengaluru Stampede: Nikhil Sosale, the Marketing and Revenue Head of Royal Challengers Bengaluru (RCB), has approached the Karnataka High Court to challenge his arrest relating to the stampede at Bengaluru's Chinnaswamy Stadium, Bar and Bench reported. Sosale has argued that the manner of his arrest was unlawful, arbitrary, and infringed upon his fundamental rights. Eleven people lost their lives and 56 others were injured in the tragic stampede outside Bengaluru's Chinnaswamy Stadium on June ...Read More
MUMBAI, June 6 (Reuters) - India's central bank will release final regulations for gold lending by Monday, with more relaxed norms for small-ticket lending, governor Sanjay Malhotra said on Friday. In April, the Reserve Bank of India had proposed stricter rules for monitoring and disbursement of gold loans, which are often used by low-income borrowers. The RBI had sought comments on the proposed rules by the middle of May. Last week, the federal finance ministry sought relaxations to the propo...Read More
Mumbai, June 6 (SocialNews.XYZ) Reserve Bank Governor Sanjay Malhotra on Friday said the central bank will raise the Loan-to-Value (LTV) ratio for gold loans to small borrowers of up to Rs 2.5 lakh to 85 per cent from the existing 75 per cent. Speaking at a press conference after the monetary policy meeting, he said the final regulations on gold loans will be announced today or latest by Monday. The increase in the loan-to-value ratio for small loans means that if the gold pledged is worth Rs ...Read More
New Delhi, June 6 (SocialNews.XYZ) Top bankers on Friday hailed the Reserve Bank's decision to reduce repo rate by 50 basis points to 5.50 per cent and cash reserve ratio (CRR) by 100 basis points in four tranches, saying the policy move is expected to provide the necessary drive for credit expansion in priority sectors which will enhance the financial inclusion. Besides this, the revision in CPI inflation to 3.7 per cent for FY26 also shows the RBI's confidence in inflation being aligned with ...Read More
MUMBAI (Reuters) -India's central bank will release final regulations for gold lending by Monday, with more relaxed norms for small-ticket lending, governor Sanjay Malhotra said on Friday. In April, the Reserve Bank of India had proposed stricter rules for monitoring and disbursement of gold loans, which are often used by low-income borrowers. The RBI had sought comments on the proposed rules by the middle of May. Last week, the federal finance ministry sought relaxations to the proposed rules...Read More
Bengaluru, June 6 (PTI) Four officials of RCB and event management firm DNA entertainment private limited were arrested in connection with the stampede outside Chinnaswamy stadium here that claimed lives of 11 people and injured another 56, police sources said on Friday. They were taken into custody in a joint operation by the crime branch and Bengaluru Police. Speaking to PTI Videos, Bengaluru Police Commissioner Seemanth Kumar Singh confirmed that few arrests have been made in the connection...Read More
New Delhi [India] June 6 (ANI): The credit appraisal for small ticket loans up to 2.5 lakh Rupees where gold is given as collateral will not be needed, said Sanjay Malhotra, Governor of the Reserve bank of India (RBI). The RBI Governor said that the regulations on the gold loans were draughted, and final guidelines will be released by Friday evening or at the latest by Monday. Also Read | England vs West Indies 1st T20I 2025 Free Live Streaming Online: How To Watch ENG vs WI Cricket Match Live...Read More
NEW DELHI: India's two major private-sector refiners, which have long prioritised exports, are turning to local sales, grabbing share in the country's fast-growing $150 billion fuel retail market as weaker global demand squeezes profit margins offshore. Reliance Industries and Nayara Energy are stepping up sales at home as fuel demand growth slows in developed markets and China, the world's second biggest oil consumer, with the transition to electric vehicles. The lower demand offshore combine...Read More
Dehradun (Uttarakhand) [India], June 6 (ANI): Union Minister Shivraj Singh Chouhan on Friday attended a 'Kisan Chaupal' event at Pav Wala Soda village in the Raipur block of Dehradun, Uttarakhand. The programme was held as part of the 'Developed Agriculture Resolution' campaign aimed at strengthening the agricultural sector in the state. During the event, Chouhan interacted with local farmers and praised the success stories shared by them, especially in the areas of organic farming and coarse g...Read More
New Delhi [India], June 6 (ANI): The decision of the Reserve Bank of India (RBI) to reduce the policy repo rate will significantly help mid-segment housing across top-tier cities, translating into lower EMIs (Equated Monthly Installment) and better affordability, said real estate executives, terming it a 'strategic move'. The policy rates massively impact the sale of the real estate infrastructure, as lowering of rates means lower interest rates from banks for the home buyers and cheaper EMIs. ...Read More
New Delhi [India] June 6 (ANI): As global bond markets experience turbulence amid rising long-dated treasury yields in the United States and Japan, experts say India's long-term government securities (G-secs) are expected to remain resilient, supported by strong domestic fundamentals and accommodative policy by the Reserve Bank of India (RBI). On June 6, 2025, the Reserve Bank of India (RBI) cut the repo rate by 50 basis points. According to the Federal Reserve Bank of St. Louis, the 30-year U...Read More
Chandigarh, June 06, 2025: Mining Major Vedanta Ltd. plans to deploy funds from the ₹5000 crore raised through its unsecured non-convertible debenture (NCD) issue to pay-down a high-cost private credit facility of ₹3,400 crore, potentially reducing its annual interest burden by at least ₹350 crore, according to a person familiar with the matter. The remaining funds will likely be used for ongoing Capex requirements, general corporate purposes, and repayment or prepayment of existing debts, the p...Read More
Katra, June 6 (SocialNews.XYZ) Prime Minister Narendra Modi inaugurated the Chenab bridge, the world's highest railway bridge on Friday, and patted the back of engineers and construction workers who made this unprecedented project possible. PM Modi is set to launch multiple projects worth over Rs 48,000 crore during the current Jammu and Kashmir visit, his first after the April 22 Pahalgam terror attack. However, the moment that captured everyone's attention amid the launch of a slew of projec...Read More