CHENNAI: Indian equity markets opened on a strong note Friday, buoyed by the Reserve Bank of India's unexpected 50 basis point repo rate cut, which lifted investor sentiment and sparked a broad-based rally from early lows. The BSE Sensex rose 96 points or 0.12% to 81,538, recovering nearly 350 points from the day's intraday low. Similarly, the NSE Nifty50 gained 29 points or 0.12%, trading at 24,780, as markets welcomed the central bank's proactive move to support growth. Market Highlights Th...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. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for June 06, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game. The 272 km long project is built at...Read More
Mumbai, June 6 (SocialNews.XYZ) RBI Governor Sanjay Malhotra on Friday announced a jumbo 50 basis points cut in the repo rate from 6 per cent to 5.5 per cent to spur growth in the economy, as inflation has come down below the lower RBI band of 4 per cent. A lower policy rate leads to a decline in interest rate on bank loans which makes borrowing easier for consumers as well as businesses resulting in higher consumption and investments in the economy leading to higher growth. However, the effec...Read More
Pune (Maharashtra) [India], June 6: Enersur S.A., one of Paraguay's foremost renewable energy companies has selected Praj Industries for its next major project. Praj, a global leader in bioeconomy-driven process solutions, will support the development, assessment, and phased implementation of a fully integrated Biorefinery Project in Paraguay. The Biorefinery aims to produce, in addition to ethanol, co-products such as distillers dried grains with solubles (DDGS), corn oil, biogas, biobitumen an...Read More
Mumbai (Maharashtra) [India], June 6 (ANI): Announcing the monetary policy on Friday from Mumbai, Reserve Bank of India (RBI) Governor Sanjay Malhotra announced that the MPC has decided to reduce the policy repo rate under the Liquidity Adjustment Facility by 50 basis points to 5.5 per cent. He said, "The reduction recommended by the MPC is for 50 basis points to 5.5 per cent. This is with an immediate effect." Also Read | Amazon Layoffs Continue: US-Based E-Commerce Giant Cuts More Jobs From ...Read More
Bengaluru, Jun 6 (PTI) Officials of RCB and event management firm DNA entertainment private limited were taken into custody on Friday in connection with the stampede outside Chinnaswamy stadium that claimed lives of 11 people and injured over 50, police sources said on Friday. Nikhil Sosale, Head of Marketing and Revenue of RCB, Sunil Mathew and Kiran Kumar from DNA entertainment private limited are among those being questioned, they said....Read More
[MUMBAI] The Reserve Bank of India (RBI) cut its key repo rate by a larger-than-expected 50 basis points on Friday, a third consecutive reduction, and slashed the reserve ratio for banks as muted inflation provided space for policymakers to focus on supporting economic growth. The Monetary Policy Committee (MPC), which consists of three RBI officials and three external members, cut the repo rate to 5.50 per cent. It has now cut rates by 100 basis points in 2025, starting with a quarter-point re...Read More
MUMBAI (Reuters) -The Reserve Bank of India (RBI) cut its key repo rate by a larger-than-expected 50 basis points on Friday, a third consecutive reduction, and slashed the reserve ratio for banks as muted inflation provided space for policymakers to focus on supporting economic growth. The Monetary Policy Committee (MPC), which consists of three RBI officials and three external members, cut the repo rate to 5.50%. It has now cut rates by 100 basis points in 2025, starting with a quarter-point r...Read More
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at 15 places in Mumbai and Kochi in connection with the Mithi River desilting scam that caused a wrongful loss of more than Rs 65 crore to the Brihanmumbai Municipal Corporation (BMC), official sources said. The massive crackdown is underway at the premises across Mumbai and Kochi linked to the accused and suspects as part of an ongoing probe into alleged financial irregularities. According to the sources, the searches ...Read More
June 6 (Reuters) - The Reserve Bank of India (RBI) cut its key repo rate by a larger-than-expected 50 basis points (bps) on Friday, a third consecutive reduction, as muted inflation provided space for policymakers to focus on supporting economic growth. The Monetary Policy Committee (MPC), which consists of three RBI officials and three external members, cut the repo rate (INREPO=ECI), opens new tab to 5.50%. It has now cut rates by 100 basis points in 2025, starting with a quarter-point reduc...Read More
MUMBAI, June 6 (Reuters) - India's central bank on Friday, in a surprise move, cut the cash reserve ratio (CRR), which banks are required to hold, by 100 basis points to 3% with an aim to accelerate policy transmission and boost lending. CRR is the proportion of deposits that banks need to set aside as cash. The cut would be done in four equal tranches staring from September to November and would release 2.5 trillion rupees ($29.13 billion) in the banking system, Reserve Bank of India Governor...Read More
Mumbai, Jun 6 (PTI) The RBI on Friday cut repo rate by a higher-than-expected 50 basis points to prop up growth, which has slowed to a four-year low of 6.5 per cent in FY25. Following the rate cut, the key policy rate eased to a three-year low of 5.5 per cent, providing relief to home, auto and corporate loans borrowers. This is the lowest repo rate in three years. The repo rate -- the rate at which banks borrow funds from the RBI -- had last stood at 5.40 per cent on August 5, 2022. After a...Read More
NEW DELHI: The Nifty Pharma index traded negative around 10:41AM(IST)on Friday in an upbeat market. Dr. Reddy's Laboratories Ltd.(up 1.24 per cent), Gland Pharma Ltd.(up 0.83 per cent), Ajanta Pharma Ltd.(up 0.56 per cent), Alkem Laboratories Ltd.(up 0.54 per cent) and Abbott India Ltd.(up 0.49 per cent) were among the top gainers. Laurus Labs Ltd.(down 1.57 per cent), Divi's Laboratories Ltd.(down 1.2 per cent), Granules India Ltd.(down 1.04 per cent), Glenmark Pharmaceuticals Ltd.(down 0.83 ...Read More
NEW DELHI: The Nifty Bank index traded positive around 10:30AM(IST)on Friday in an upbeat market. Axis Bank Ltd.(up 1.67 per cent), Punjab National Bank(up 1.27 per cent), IDFC First Bank Ltd.(up 1.14 per cent), IndusInd Bank Ltd.(up 0.92 per cent) and State Bank of India(up 0.87 per cent) were among the top gainers. Bank of Baroda(down 2.41 per cent) were the top losers on the index. The Nifty Bank index was up 0.53 per cent at 56056.3 at the time of writing this report. Benchmark NSE Nifty...Read More
Rajasthan PTET 2025 Admit Card Coming Soon : An important note- If you happen to be preparing for the Rajasthan PTET 2025 examination, the Vardhman Mahaveer Open University, Kota, shall soon be issuing the admit cards for the Pre-Teacher Education Test (PTET) 2025. The candidates expect that the admit card will be available for download by them from the official website at ptetvmoukota2025.com. The Rajasthan PTET 2025 exam will be held on 15th June 2025 between 11 AM to 2 PM. This will be an of...Read More
Mumbai: In a significant monetary policy decision, the Reserve Bank of India (RBI) has reduced the repo rate by 50 basis points, bringing it down to 5.5% with immediate effect. The announcement was made by RBI Governor Sanjay Malhotra, following the conclusion of the Monetary Policy Committee (MPC) meeting held over three days -- June 4, 5, and 6. Governor Malhotra stated that the MPC undertook a comprehensive assessment of the domestic and global economic outlook before arriving at the decisio...Read More
Mumbai: The Reserve Bank of India (RBI) announced its bi-monthly monetary policy on Friday, in line with expectations running high for another rate cut to boost economic growth, which has been facing pressure from global trade disruptions. RBI has retained GDP growth forecast for current fiscal at 6.5 pc amid geopolitical tensions and weather vagaries that pose headwinds. Governor Sanjay Malhotra announced that the rate has been slashed the key repo rate by 50 bps from 5.75 per cent to 5.50 per...Read More
New Delhi [India], June 6 (ANI): Indian stock markets opened on a cautious note on Friday, as investors remained in a wait-and-watch mode ahead of the Reserve Bank of India's key monetary policy announcement. The policy decision is scheduled to be announced at 10 AM. The benchmark indices reflected this cautious mood. The Nifty 50 opened at 24,748.70, down just 2.20 points or 0.01 per cent. Similarly, the BSE Sensex also opened flat at 81,434.24, down 7.80 points or 0.01 per cent. Experts beli...Read More
CHENNAI: In a stronger-than-expected move, the Reserve Bank of India's Monetary Policy Committee (MPC) on Friday slashed the repo rate by 50 basis points, bringing it down to 5.50%. The decision reflects the central bank's growing concerns over a prolonged inflation fight and increasing growth-inflation trade-offs in a challenging global economic environment. Delivering the policy statement, RBI Governor Sanjay Malhotra acknowledged that while inflation has broadly moderated, "the last mile in ...Read More
Katra (Jammu and Kashmir) [India], June 6 (ANI): As Prime Minister Narendra Modi is set to flag off two Vande Bharat trains in Jammu and Kashmir between Katra and Srinagar, Union Railway Minister Ashwini Vaishnaw said that this move will significantly boost tourism and the economy in the territory. Speaking to ANI on Thursday, the Union Railways Minister stated that Indian Railways is constructing five terminals from Baramulla (Kashmir) to Jammu, which will henceforth help in boosting the econo...Read More
Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBI) Governor Sanjay Malhotra is set to announce the policy repo rate today at 10 AM in Mumbai, as the three-day Monetary Policy Committee (MPC) meeting comes to a close. This policy meeting comes at a time when inflation in the country has been steadily declining. According to the Ministry of Statistics and Programme Implementation, India's retail inflation fell to 3.16 per cent in April, compared to 3.34 per cent in March....Read More
New Delhi, Jun 6 (PTI) Almost every manufacturer in India, across various segments covered in a survey, has either invested in artificial intelligence and machine learning technology or is planning to do so, a senior officer from Rockwell Automation said on Friday. While sharing details of the survey, Rockwell Automation India Managing Director Dilip Sawhney told PTI that in a survey on smart manufacturing conducted two years ago, about two-thirds of organisations said they would either have al...Read More
New Delhi: India is poised to attract investments exceeding ₹8,000 crore in the fields of energy storage, electric vehicles (EVs), and green hydrogen at the upcoming 11th edition of India Energy Storage Week (IESW) 2025, scheduled from July 8 to 10 in New Delhi. Organised by the India Energy Storage Alliance (IESA), the event will facilitate new business deals, foreign collaborations, and the signing of Memorandums of Understanding (MoUs) aimed at strengthening India's position as a global manu...Read More
Royal Challengers Bengaluru (RCB)'s IPL 2025 title-winning celebrations turned awry on Wednesday when at least 11 people died and another 50 were injured in a massive stampede outside the M. Chinnaswamy Stadium in Bengaluru. The stampede had occurred amidst a huge crowd gathered to attend a bus parade, which had been planned just hours after the team had beaten Punjab Kings (PBKS) in the final on Tuesday. In light of the incident, four RCB officials have been arrested, with RCB marketing and rev...Read More
New Delhi, Jun 6 (PTI) Almost every manufacturer in India, across various segments covered in a survey, has either invested in artificial intelligence and machine learning technology or is planning to do so, a senior officer from Rockwell Automation said on Friday. While sharing details of the survey, Rockwell Automation India Managing Director Dilip Sawhney told PTI that in a survey on smart manufacturing conducted two years ago, about two-thirds of organisations said they would either have al...Read More
MUMBAI -- The Reserve Bank of India on Wednesday slashed its key policy rate to its lowest level in nearly three years, instituting a third consecutive rate reduction as tepid inflation allowed the bank to focus on spurring economic growth. The central bank cut its repo rate by an unexpectedly sharp 50 basis points to 5.5%, the lowest it has been since August 2022....Read More
Mumbai: Benchmark equity indices Sensex and Nifty declined in early trade on Friday ahead of the RBI monetary policy outcome. Moreover, a sluggish trend in global equity markets and fresh foreign fund outflow also drove investors to stay on the sidelines. The 30-share BSE Sensex declined 159.93 points to 81,282.11 in early trade. The 50-share NSE Nifty dropped 27.65 points to 24,723.25. From the Sensex firms, Tata Motors, Bajaj Finance, ICICI Bank, Bajaj Finserv, Reliance Industries and Bharti ...Read More
New Delhi [India], June 6 (ANI): Indian stock markets opened on a cautious note on Friday, as investors remained in a wait-and-watch mode ahead of the Reserve Bank of India's key monetary policy announcement. The policy decision is scheduled to be announced at 10 AM. The benchmark indices reflected this cautious mood. The Nifty 50 opened at 24,748.70, down just 2.20 points or 0.01 per cent. Similarly, the BSE Sensex also opened flat at 81,434.24, down 7.80 points or 0.01 per cent. Experts beli...Read More
Hyderabad: Classic Legends has launched the 2025 iteration of the Jawa Yezdi Adventure in India. The new adventure motorcycle comes with several cosmetic and feature upgrades. Mechanically, the 2025 Jawa Yezdi Adventure remains unchanged from its predecessor. 2025 Jawa Yezdi Adventure: Price, colours, booking details, rivals The 2025 Jawa Yezdi Adventure has two headlight options: single and twin. The single-headlight variant ranges between Rs 2.17 lakh (ex-showroom) and Rs 2.24 lakh (ex-showr...Read More
MUMBAI, June 6 (Reuters) - The Reserve Bank of India (RBI) cut its key repo rate by a larger-than-expected 50 basis points on Friday, a third consecutive reduction, as muted inflation provided space for policymakers to focus on supporting economic growth. The Monetary Policy Committee (MPC), which consists of three RBI officials and three external members, cut the repo rate (INREPO=ECI), opens new tab to 5.50%. It has now cut rates by 100 basis points in 2025, starting with a quarter-point redu...Read More