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Indian stock market: The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open on a flat note Monday, tracking weak cues from global markets cautiousness around US President Donald Trump's tariffs deadline. Asian markets traded lower, while the US stock futures declined over Trump tariffs. This week, investors will focus on key stock market triggers, including US-India trade deal, Q1 results, the minutes of the US Federal Reserve's last meeting, and other key macr ...Read More >
Srinagar, July 6: Lieutenant Governor Manoj Sinha today attended the 125th birth anniversary celebration of Dr Syama Prasad Mookerjee, at Tagore Hall, here. Paying rich tribute to Mookerjee on his birth anniversary, Sinha recalled his immense contributions as one of the key architects of modern India. "Dr Mookerjee was a visionary statesman, educationist and fearless Parliamentarian whose ideals continue to shape the destiny of India. His profound knowledge, and resolute commitment to social c ...Read More >
New Delhi: As India and the US prepare to seal a deal aimed at boosting bilateral trade, New Delhi is aiming for a balanced outcome while Washington is focused on securing deeper market access for its goods. Though India has drawn red lines around its sensitive sectors -- agriculture, dairy, and genetically modified (GM) food -- the US continues to push for significant concessions. It has signalled a potential 6% duty relief from the 16% reciprocal tariff hike announced on 2 April, which remain ...Read More >
Nipah Virus: Kerala Health Minister Veena George held a high-level meeting in Thiruvananthapuram to review the situation. After recent death of an 18-year-old girl in Malappuram district of Kerala was confirmed as Nipah infection, the Union Health Ministry is considering sending a National Joint Outbreak Response Team (NJORT) to assist the state government in implementing public health measures, reported news agency PTI citing sources. The patient, hailing from Chettiyarangadi in Malappuram, s ...Read More >
Indian Premier League (IPL) champions Royal Challengers Bengaluru (RCB) will not be a part of the inaugural World Club Championship which is set to kick-off in 2026. Although an official announcement is yet to be made, the World Club Championship is believed to be the re-birth of long-discontinued Champions League T20. According to PTI, there will be no representation from IPL despite the backing of Board of Control for Cricket in India (BCCI). RCB are the reigning champions of IPL - their firs ...Read More >
New Delhi: Consumer goods makers Dabur India Ltd, Marico Ltd, and Godrej Consumer Products Ltd are expected to report contrasting demand patterns for their products in the June quarter, with robust sales in edible oils and home and personal care categories offset by a subdued summer for beverages. This divergence is largely attributed to untimely rains and a milder summer, hurting demand for seasonal categories. On Friday, homegrown consumer goods company Dabur India said that the Indian FMCG ...Read More >
Mumbai (Maharashtra) [India], July 5 (ANI): Actress Priyanka Chopra Jonas has revealed one of her favourite traditions that keeps her grounded amidst her busy schedule. In a candid conversation with People magazine, Priyanka shared that every Sunday morning, she and her family make time for a ritual that she describes as "mandatory." "Sunday morning snuggles in bed," the 'Heads of State' actress told People magazine, adding, "They have to happen. It's mandatory." Despite her demanding work co ...Read More >
Shiv Sena (UBT) chief Uddhav Thackeray shared a rare moment with his long estranged cousin Raj Thackeray and said, "We have come together to stay together." The two brothers hugs each other and shared the stage for the first time in two decades during a mega "victory" rally in Mumbai on Saturday, July 5. The joint rally and Uddhav Thackeray's comments is seen as a major political shift in Maharashtra. The developments came amid speculations whether Uddhav's Shiv Sena (UBT) join hands with Raj ...Read More >
New Delhi, Jul 5 (PTI) Finance Minister Nirmala Sitharaman has called for a renewed mandate for the New Development Bank (NDB), emphasising the need for greater agility, technological advancement, and efficiency in today's fast-changing world. Observing that NDB has played an important role in reshaping the financial landscape for the global South, she said it has approved more than 100 projects and it has approved more than USD 35 billion in financing across member countries, including key Ind ...Read More >
India is pressing multilateral development banks (MDBs) to lend more in Japanese yen and Indian rupees in an attempt to reduce borrowing costs and manage exchange rate risks more effectively, two officials aware of the matter said. New Delhi has steadily expanded loans and official development assistance (ODA) in yen to gain from ultra-low interest rates and the rupee's appreciation against the Japanese currency. Many of these loans finance infrastructure and development projects. "Yen rates r ...Read More >
New Delhi: Finance minister Nirmala Sitharaman on Friday flagged persistent asymmetry in global financial flows as a major impediment to sustainable development in the Global South, warning that it continues to stifle long-term investments in clean energy, urban mobility, and climate-resilient infrastructure. Speaking at the New Development Bank's (NDB) Governors Seminar in Rio de Janeiro, Brazil, Sitharaman urged a fundamental rethink of the global financial architecture to better align with t ...Read More >
Mumbai (Maharashtra) [India], July 4 (ANI): The interim order against the index manipulation matter concerning Jane Street Group, on which the markets regulator passed an order to recover ₹4,843.57 crore, should not be considered a show cause notice, SEBI sources said, adding that the investigations into the US-based investment firm will continue. "This interim order is not a Show Cause Notice, and it clearly indicates that investigations into Jane Street will continue. This interim order has o ...Read More >
Mumbai: Steelmakers who also mine their own iron ore, such as Tata Steel and Steel Authority of India Ltd (SAIL), are likely to see their margins dip more than their peers as prices of both steel and iron ore are on a downward trend, analysts said. This is because of the fixed costs associated with their mines -- in contrast to players like Jindal Steel and Power Ltd and JSW Steel Ltd -- who buy raw material from third party suppliers, thus exporting a part of the margin squeeze to these vendor ...Read More >
New Delhi, Jul 4 (PTI) Shares of stockbroking firms such as Nuvama Wealth, Angel One, leading stock exchange BSE, and depository CDSL saw sharp declines on Friday amid concerns of potential business impact following a regulatory crackdown. Markets regulator Sebi has barred US-based Jane Street Group from the securities markets and directed the group to disgorge unlawful gains of ₹4,843 crore for allegedly manipulating stock indices through positions taken in derivatives segment. This could be ...Read More >
West Bengal: A leader from the Mamata Banerjee-led TMC party was shot in West Bengal's Cooch Behar district on Friday. BJP MLA from Cooch Behar (Uttar) Sukumar Roy's son and his driver have been arrested in connection with the incident, a police officer said. Raju Dey, the 'karmadhyaksha' of Cooch Behar Block 2 Panchayat Samity, suffered injuries in the attack near Jhinaidanga area around 11 pm on Thursday, said police officials. "The bullet struck Dey's right shoulder. He was taken to a nearb ...Read More >
Mumbai, Jul 2 (PTI): The Reserve Bank of India (RBI) on Wednesday instructed banks and other financial institutions not to levy any pre-payment charges on all floating rate loans and advances, including those taken for meeting business objectives by individuals and micro and small enterprises (MSEs). These new rules will be enforced on all loans which are sanctioned or renewed on or after January 1, 2026. According to the current norms, banks and NBFCs are already not permitted to impose forecl ...Read More >
Indian stock market: The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open flat on Friday, tracking mixed cues from global markets. Asian markets traded mixed, while the US stock market ended higher, with the S&P 500 and Nasdaq closing at record highs. On Thursday, the Indian stock market ended lower, dragged by fag-end selling, extending losses for the second consecutive session. The Sensex declined 170.22 points, or 0.20%, to close at 83,239.47, while the N ...Read More >
New Delhi [India], July 4 (ANI): SpiceJet on Thursday acknowledged that some passengers are currently facing difficulties in reaching the airline's customer care helpline due to intermittent technical issues. The airline said efforts are underway to restore normal functioning as soon as possible. In an official message on X, SpiceJet stated, 'We are currently experiencing intermittent issues with our SpiceJet Customer Care helpline numbers. We assure you that our relevant teams are working to r ...Read More >
Mumbai: Lenders to Vodafone Idea Ltd are worried that the telecom operator which is trying to borrow ₹35,000 crore more may prioritize paying its government debts over its new bank loans, a person aware of the matter said. Their concern centres around the company's ability to sustain loan repayments on the proposed loans if Vodafone Idea has to pay the adjusted gross revenue (AGR) dues to the government. The weakest player in India's telecom landscape has been steadily posting losses since FY17 ...Read More >
New Delhi: A mix of fiscal and non-fiscal incentives can propel India's chemicals industry into the global big league, policy think-tank NITI Aayog said on Thursday, a sector that can catalyze India's journey to a $5-trillion economy and beyond. The strategic roadmap unveiled in a new report aims to raise India's share of the global chemicals value chain from the current 3-3.5% to as much as 6% by 2030 and 10-12% by 2040. Achieving this will demand coordinated national efforts spanning policy ...Read More >
New Delhi: Indian businesses are hoping for a breakthrough in trade negotiations with the US as the deadline for higher reciprocal tariffs approaches, said Rajiv Memani, chairman and chief executive of EY India, who has recently taken over as president of the Confederation of Indian Industry (CII) for 2025-26. Speaking to reporters on Thursday, Memani underscored the urgency of boosting Indian competitiveness through regulatory and business reforms. "India's economy is expected to grow at 6.4-6 ...Read More >
New Delhi: India is well-positioned to benefit from a global realignment in trade and investment flows driven by shifting tariff regimes, and could outpace several Asia-Pacific (APAC) peers, Moody's Ratings said on Thursday. As multinationals reassess supply chains amid rising protectionism and evolving trade policies, India's relative tariff advantage may strengthen its appeal as an emerging global manufacturing hub, Moody's noted in its latest Sovereigns - Asia-Pacific Outlook. "India may be ...Read More >
New Delhi: India's power sector added a net capacity of about 6.9 GW in April and May, most of it in the renewable energy space. Data from the Central Electricity Authority showed 6.45 GW of renewable energy capacity was added in the first two months of this financial year. This is more than double the 3 GW of renewable energy capacity added in the corresponding months of 2024-25. About 700 MW of nuclear power capacity and 200 MW of large hydro capacity were also added in April and May. No th ...Read More >
MUMBAI, July 3 (Reuters) - The Indian rupee touched its strongest level in a month on Thursday, lifted by dollar sales from foreign banks and cutting of bearish bets on the local currency, while optimism surrounding a U.S.-India trade deal also aided sentiment. The rupee rose to a peak of 85.20, its best level since late May, before ending the session at 85.31, up 0.4% on the day. Dollar sales from foreign banks in the latter half of Thursday's session boosted the rupee, with the rise above 85 ...Read More >
Kargil , Jul 2: Pursuant to putting in place a comprehensive legal framework to ensure fair, inclusive, and transparent recruitment to public services, the Administration of the Union Territory of Ladakh has initiated a large-scale recruitment drive for 359 Gazetted posts through the Union Public Service Commission (UPSC). This marks the first-ever recruitment of Gazetted posts through UPSC since the formation of the Union Territory, officials said. This follows the establishment of a unique an ...Read More >
Mumbai: Even as mis-selling of insurance plans by banks has drawn scrutiny, the sector regulator doesn't want to manage distribution channels and seeks to focus on customer awareness to check the malpractice. "It's not necessary that every mis-selling is mis-selling, it's also about the customers' understanding of the product," said Swaminathan S Iyer, member (life), Insurance Regulatory and Development Authority of India on the sidelines of an event on Wednesday. "Once you drive home that your ...Read More >
Mumbai: Tata Sons chairman N. Chandrasekaran has set a new goal for Tata Steel Ltd chief executive and managing director T.V. Narendran: to deliver net profit from the company's UK operations in the current fiscal year. Addressing shareholders at Tata Steel's annual general meeting on Wednesday, Chandrasekaran, who also chairs the steelmaker, said the aim was for the UK operations to achieve net profitability this fiscal year. "I feel that UK should be PAT (profit after tax) positive, so the c ...Read More >
Bengaluru Stampede: BCCI Ombudsman instructs RCB, KSCA to file written submissions New-crowned Indian Premier League (IPL) champions Royal Challengers Bengaluru have landed in further trouble after BCCI Ombudsman-cum-Ethics Officer Justice (Retd) Arun Mishra directed the franchise, along with the Karnataka State Cricket Association (KSCA), to file written submissions over gross negligence during the team's victory celebrations in Bengaluru, which led to the death of 11 people. The Ombudsman ha ...Read More >
New Delhi: The mood at Hyundai Motor India Ltd's office in Gurugram isn't exactly upbeat today. Passenger vehicle sales data for June were released on 1 July. And for the South Korean carmaker, once the No. 2 in India by some distance, it once again made for dismal reading. The company has finished behind Mahindra and Mahindra four out of six months this calendar year. Indeed, it has trailed the Indian company every month this fiscal year. And that is bad news for José Munoz. In January, Munoz ...Read More >
New Delhi, Jul 2 (PTI) The road transport ministry has allowed cab aggregators to charge up to two times the base fare during peak hours, as against 1.5 times earlier, while for non-peak hours the fare has to be a minimum of 50 per cent of the base fare. The Ministry of Road Transport and Highways in its 'Motor Vehicles Aggregator Guidelines 2025' said "the aggregator shall be permitted to charge a minimum of 50 per cent lower than the base fare and a maximum dynamic pricing of two times the ba ...Read More >
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