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Examination crisis: Hiring costs may rise for industry, experts reckon

Concerns over CBSE and NEET assessment systems could force employers to add screening layers, raising hiring costs and complicating talent selection

Updated On: 02 Jun 2026 | 11:42 PM IST

Nifty 50 share in India Inc's Q4FY26 earnings lowest in 21 quarters

Index companies adjusted net profit grew in low single digit for 8th consecutive quarter

Updated On: 02 Jun 2026 | 11:50 PM IST

Corporate bond issuances hit 3-year low in Apr-May amid West Asia war

In April-May of FY27, Indian firms raised Rs 1.07 trillion, compared to Rs 2.53 trillion in the same period last year

Updated On: 02 Jun 2026 | 11:57 PM IST

Chip rally: South Korea pips India in global market capitalisation race

Investor enthusiasm for AI-linked semiconductor companies has lifted Taiwan and South Korea above India in global market-cap rankings, highlighting India's limited exposure to the sector

Updated On: 03 Jun 2026 | 12:00 AM IST

Companies

Tata board meets next week, may skip talks on Chandra's term, listing

Upcoming Tata Trusts and Tata Sons board meetings are expected to focus on routine matters, with no immediate decision likely on Chandra's tenure or listing plans

Updated On: 03 Jun 2026 | 12:10 PM IST

Ramky Infra eyes ₹6,000 crore orders in FY27, explores carbon capture

The infrastructure company expects growth from wastewater treatment, industrial parks and circular economy projects while evaluating opportunities in carbon capture

Updated On: 03 Jun 2026 | 10:06 AM IST

India becoming global template for AI at scale, says Puneet Chandok

This brings the combined license commitment to 300,000 seats within six months. Puneet Chandok, president Microsoft India and South Asia says that enterprise AI at scale is gathering pace

Updated On: 03 Jun 2026 | 6:00 AM IST

Alkem launches semaglutide pre-filled syringes in India at ₹350

The company has received DCGI approval for multiple dosage strengths and aims to widen access to semaglutide treatment for diabetes and obesity

Updated On: 03 Jun 2026 | 12:32 AM IST

Ceat bets on CAMSO to drive next phase of off-highway tyre growth

The tyre maker expects tracks and developed markets such as North America and Europe to power growth as access to additional CAMSO categories expands

Updated On: 03 Jun 2026 | 12:11 AM IST

MMT eyes India listing, cautions against impact if West Asia war continues

For the full year ended March 2026, the company reported revenue of $1 billion

Updated On: 02 Jun 2026 | 11:49 PM IST

V Packirisamy appointed PFC Director (Commercial), effective June 2

The government has appointed V Packirisamy as Director (Commercial) at Power Finance Corporation Limited (PFC), effective June 2, a statement said on Tuesday. He was serving as Executive Director, Entity Appraisal & IT, PFC, the company said in an exchange filing. Packirisamy brings over three decades of extensive experience in the power sector and infrastructure finance. He holds a BE (Mechanical) and an MTech (Management and Systems) from IIT Delhi. The official began his professional career in 1989 and joined PFC in 1997. Over the years, he played a pivotal role in expanding the organisation's operations and strengthening its appraisal and risk management frameworks, significantly contributing to the growth of PFC's loan portfolio. He has been instrumental in several key institutional initiatives, including the development of methodologies for categorising state generation and transmission utilities, formulation of the Integrated Rating Framework for Power Distribution ...

Updated On: 02 Jun 2026 | 11:18 PM IST

India's long-term growth remains intact despite near-term hurdles: HUL

HUL Chairman Nitin Paranjpe says strong domestic demand, structural reforms and digital transformation continue to underpin India's long-term growth prospects

Updated On: 02 Jun 2026 | 11:02 PM IST

Godrej Industries enters wealth management, targets ₹1 trillion AUM by 2031

The group plans to build a 35-location wealth management network, target affluent clients and list Godrej Capital by 2031 while expanding its lending business

Updated On: 02 Jun 2026 | 9:48 PM IST

Uber, Paytm invest ₹60 crore each in government-backed ONDC platform

The investments deepen the companies' engagement with ONDC, following integration of mobility, logistics and ticketing services on the digital commerce network

Updated On: 02 Jun 2026 | 8:39 PM IST

Heat wave drives over 30% growth in Mother Dairy's summer product sales

Sales of ice creams, buttermilk and curd rose more than 30 per cent this summer as consumers turned to cooling dairy products amid intense heat-wave conditions

Updated On: 02 Jun 2026 | 8:14 PM IST

HUL inaugurates AI-powered fragrance hub to accelerate product innovation

The new Unilever Fragrance Hub in Mumbai combines consumer insights, science, and AI to accelerate fragrance innovation and strengthen India's role as a global R&D centre

Updated On: 02 Jun 2026 | 7:03 PM IST

BMW Industries targets ₹4,500 cr revenue from Bokaro complex by FY30

The company expects its Rs 803-crore downstream steel complex in Jharkhand to reach full-scale operations by FY28 and generate annual revenue of up to Rs 4,500 crore by FY30

Updated On: 02 Jun 2026 | 6:39 PM IST

Right time for Amazon Music to pivot beyond Prime members: Rishabh Gupta

Amazon Music launches standalone plans and a free ad-supported tier, betting on rapid growth in India's paid music streaming market

Updated On: 02 Jun 2026 | 10:30 AM IST

Economy

Spending cut by 50 ministries helps Centre meet FY26 fiscal deficit goal

Expenditure by 50 ministries and departments came in below revised estimates, helping the Centre contain the fiscal deficit despite lower-than-projected receipts

Updated On: 02 Jun 2026 | 11:26 PM IST

West Asia conflict: Trade optimism, supply crisis boost Indian tea demand

Merchant exporters are building inventories in anticipation of a recovery in shipments to West Asia, supporting orthodox tea prices despite higher freight costs and trade disruptions

Updated On: 02 Jun 2026 | 11:19 PM IST

Commerce ministry to launch PPI and a revamped WPI series on June 15

The new PPI framework is being built on supply and use tables, which officials said makes it more consistent with national accounts and reduces double counting

Updated On: 02 Jun 2026 | 11:15 PM IST

Datanomics: Can DKS sustain Siddaramaiah-led K'taka growth momentum?

As D.K. Shivakumar takes charge, Karnataka hands over a high-growth economy marked by rising incomes, expanding national share and investment-led fiscal management

Updated On: 02 Jun 2026 | 11:15 PM IST

Geopolitical uncertainty slows MSME credit growth: CRIF High Mark

CRIF High Mark said MSME credit growth moderated amid global uncertainty, while early-stage stress surfaced among micro borrowers, manufacturing firms and working-capital loans

Updated On: 02 Jun 2026 | 11:06 PM IST

Rupee weakness unlikely to trigger RBI rate hike; inflation in focus

Economists expect the RBI to keep rates unchanged and rely on intervention and regulatory measures to manage rupee volatility while maintaining focus on inflation

Updated On: 02 Jun 2026 | 10:54 PM IST

Fuelling the new normal: The high cost of insulating India's fuel users

India is bearing a high cost to insulate motorists, kitchens and flyers from large-scale disruptions in fuel supply

Updated On: 02 Jun 2026 | 10:50 PM IST

UK won't undermine India FTA benefits; steel imports below quota: Leong

House of Lords member Sonny Leong says the UK remains committed to the India FTA and that steel imports are currently well below proposed quota thresholds

Updated On: 02 Jun 2026 | 10:33 PM IST

Centre seeks state funding support for urban NH decongestion projects

States can choose from four funding models, including sharing land acquisition costs, to support ring roads, bypasses and elevated corridors around cities

Updated On: 02 Jun 2026 | 10:10 PM IST

Fuel price hikes could add up to 48 bps to inflation, warns Crisil

Crisil said cumulative increases in petrol and diesel prices could approach Rs 10 per litre, raising transport costs and exerting upward pressure on both food and core inflation

Updated On: 02 Jun 2026 | 9:55 PM IST

Odisha seeks Centre's backing for allocation of key mineral blocks to OMC

Chief Minister Mohan Charan Majhi has sought allocation of key bauxite and iron ore blocks to OMC and faster clearances to strengthen Odisha's mining sector

Updated On: 02 Jun 2026 | 8:54 PM IST

Energy ties in focus as Venezuela's acting President begins India visit

Delcy Rodriguez will visit energy installations, meet industry leaders and discuss bilateral cooperation as India increases Venezuelan oil imports amid West Asia disruptions

Updated On: 02 Jun 2026 | 8:16 PM IST

Industry seeks faster disposal of high-value GST disputes, appeal relief

With GSTAT benches becoming operational, industry bodies have urged the government to fast-track large disputes and extend the June 30 deadline for filing appeals

Updated On: 02 Jun 2026 | 8:13 PM IST

Finance

Digital NBFCs' share of personal loans grows both in value and volume terms

Digital NBFCs accounted for 77 per cent of personal loan sanction volumes and 19 per cent of sanction value in FY26, even as growth in loan volumes slowed sharply

Updated On: 02 Jun 2026 | 11:25 PM IST

Soiled note disposal by RBI falls sharply in FY26 due to machine upgrades

The central bank disposed of 17 billion soiled and mutilated banknotes in FY26, down from 22.9 billion a year earlier, as replacement of shredding systems disrupted processing operations

Updated On: 02 Jun 2026 | 11:10 PM IST

Smallcap valuations have moderated; understand the risks before you enter

The performance of these funds will hinge on a strong earnings recovery

Updated On: 02 Jun 2026 | 10:26 PM IST

UPI expands international presence to Cambodia through KHQR linkage

Indian travellers can use UPI apps at over 4.5 million merchant outlets in Cambodia, while Cambodian visitors will gain access to UPI-enabled payments in India in the next phase

Updated On: 02 Jun 2026 | 5:57 PM IST

Opinion

Tax rebates: FY26 provisional expenditure, revenue show need for a rethink

The provisional expenditure and revenue numbers for 2025-26 underline the need for reviewing tax rebates

Updated On: 02 Jun 2026 | 11:34 PM IST

India's emission intensity targets face challenge of uneven abatement costs

India's Greenhouse Gas Emission Intensity targets are a welcome step forward, but variations in abatement costs could complicate implementation

Updated On: 02 Jun 2026 | 11:33 PM IST

Owners' pride: IPL's soaring valuations reflect a thriving business model

RCB's title win underscores the IPL's growing financial power, with franchise valuations soaring as the league emerges as one of the world's most profitable sports properties

Updated On: 02 Jun 2026 | 11:32 PM IST

Policy complexity: RBI MPC will have to reckon with several moving parts

With oil prices elevated and monsoon risks looming, the RBI is expected to hold rates steady while reassessing inflation and growth forecasts

Updated On: 02 Jun 2026 | 11:30 PM IST

RBI monetary policy: The critical need to attract foreign savings

Rising fuel prices and tighter global conditions are reshaping India's funding landscape, increasing reliance on bank credit as foreign and domestic savings slow

Updated On: 02 Jun 2026 | 11:00 PM IST

Markets

OYO parent PRISM gets Sebi nod for ₹6,650-crore IPO, eyes next filing

The hospitality technology company is expected to file its updated draft prospectus by early July as it evaluates market conditions and listing timelines

Updated On: 02 Jun 2026 | 11:46 PM IST

State-run NHPC's OFS booked 1.6x, HSBC MF launches Long-Short S

The Centre's NHPC stake sale drew strong demand, a Mumbai court summoned former Religare chairperson Rashmi Saluja, and HSBC MF launched its first SIF

Updated On: 02 Jun 2026 | 11:41 PM IST

NMDC's earnings growth in FY27 hinges on hitting volume target

Strong iron ore volumes and higher prices lifted NMDC's earnings, while expansion plans and coal mining projects underpin its FY27 growth outlook

Updated On: 02 Jun 2026 | 11:32 PM IST

AI optimism sparks biggest single-day IT rally in a yr as outlook brightens

Tech stocks lead market rebound after four-day slide

Updated On: 02 Jun 2026 | 11:27 PM IST

Ola Electric shares under pressure after QIP bid for fresh funds

The stock opened down 3 per cent at ₹38.50 on the National Stock Exchange and touched a low of ₹38.08 before trimming some losses.

Updated On: 02 Jun 2026 | 11:22 PM IST

Real estate stocks to buy in FY27: Analysts favour Lodha, DLF, Sobha

Analysts expect Indian real estate growth to slow in FY27, but see opportunities in Lodha, Sobha, Mahindra Lifespace, DLF and Prestige Estates amid healthy demand for project launches

Updated On: 02 Jun 2026 | 10:22 PM IST

Government invites applications for two Whole-time members of Sebi

The Department of Economic Affairs has invited applications for two Sebi whole-time member positions as the tenure of two current members nears completion later this year

Updated On: 02 Jun 2026 | 7:40 PM IST

Technology

Demand for forward deployed engineers surges as companies adopt AI

Demand for forward deployed engineers is soaring as enterprises and AI firms seek specialists who can bridge business needs and accelerate AI adoption

Updated On: 02 Jun 2026 | 7:55 PM IST

Politics

BJP's Nabin, Nepal's Lamichhane discuss Gen Z's growing role in politics

The BJP chief and Nepal's RSP chairman discussed youth participation in politics, while India rejected calls for third-party involvement in its border dispute with Nepal

Updated On: 02 Jun 2026 | 9:50 PM IST

Education

CBSE opens re-evaluation portal, adds Aadhaar check after day-long delay

The board activated its re-evaluation facility after a day's delay, introduced Aadhaar verification and said the portal faced multiple cyberattack attempts

Updated On: 02 Jun 2026 | 8:48 PM IST

India News

President Murmu, PM Modi to attend Odisha BJP govt's 2nd anniversary event

President Droupadi Murmu and Prime Minister Narendra Modi will attend the Odisha BJP government's second anniversary celebrations in Rairangpur on June 20

Updated On: 03 Jun 2026 | 12:08 AM IST

Centre transfers CBSE chief, secretary; orders probe into OSM procurement

The Cabinet Secretariat has formed a one-member committee to examine procurement of CBSE's On-Screen Marking system amid growing scrutiny over evaluation-related complaints

Updated On: 02 Jun 2026 | 11:35 PM IST

Supreme Court swears in five new judges, strength increases to 37

V Mohana becomes second woman judge on SC Bench

Updated On: 02 Jun 2026 | 10:04 PM IST

Maha is the 3rd state to announce a farm loan waiver after TN, Telangana

The Maharashtra cabinet on Tuesday approved the 'Punyashlok Ahilyadevi Holkar Shetkari Karja-mukti Yojana' to provide farm loan waiver of up to Rs 2 lakh, and also introduced incentive benefits for those farmers who have repaid their loans on time. The decision was taken at a cabinet meeting chaired by Chief Minister Devendra Fadnavis, an official statement said. The scheme has three components -- loan waiver, one-time settlement (OTS) and incentive benefits -- and there will be no landholding criterion for eligibility, it said. Under the waiver component, farmers whose total outstanding short-term crop loans, including principal and interest, are up to Rs 2 lakh will be eligible for a complete debt relief. The loans must have been disbursed between April 1, 2019, and March 31, 2025, remained overdue as of September 30, 2025, and unpaid till March 31, 2026. The farmers whose dues exceed Rs 2 lakh will be covered under the OTS component. Such borrowers will have to clear the amount

Updated On: 02 Jun 2026 | 8:13 PM IST

Industry

Two-wheeler makers post strong May sales on resilient domestic demand

Inventory replenishment, resilient demand for premium models and stronger exports helped India's leading two-wheeler manufacturers record healthy growth in May

Updated On: 03 Jun 2026 | 12:06 AM IST

Organised aesthetic clinics set to gain from tighter rules on Botox

CDSCO's move can lead to the formalisation of more than 35,000 skin clinics, stop the mushrooming of single-operator setups run by unqualified practitioners

Updated On: 03 Jun 2026 | 12:05 AM IST

Automotive body trims export PLI red tape after industry pushback

The testing agency has eased domestic value addition certification norms for export models after automakers argued that additional paperwork increased compliance burdens

Updated On: 03 Jun 2026 | 12:01 AM IST

West Asia war: Centre working on extending new investment policy for urea

The move is projected to save the exchequer more than ₹10,500 crore annually in subsidies, based on conservative estimates and assuming an average imported urea price of $345 per tonne

Updated On: 02 Jun 2026 | 11:30 PM IST

Indian banks among Asia-Pacific's best-capitalised lenders: S&P data

For banks, a higher leverage ratio is generally a sign of stronger capitalisation, not higher risk

Updated On: 02 Jun 2026 | 11:28 PM IST

CCI orders probe into Mrs India Inc for alleged anti-competitive practices

CCI has ordered a probe into Mrs India Inc over allegations that it imposed unfair, restrictive and exploitative contractual terms on pageant participants

Updated On: 02 Jun 2026 | 9:55 PM IST

Odisha caps official EV costs, weighs centralised vehicle management policy

The state has fixed procurement ceilings for official electric vehicles and is considering a centralised system to manage contractual vehicles and accelerate fleet electrification

Updated On: 02 Jun 2026 | 9:01 PM IST

Power ministry reviews steps to strengthen grid stability as demand rises

The ministry discussed transmission planning, storage systems, grid resilience and renewable energy integration to ensure stability as electricity demand continues to grow

Updated On: 02 Jun 2026 | 8:45 PM IST

Book

Everything You Wanted to Know About China: A guide to its past and future

Written in a question-and-answer format, this book attempts to address all the questions you may have about China, its past, and future direction

Updated On: 02 Jun 2026 | 11:36 PM IST

World News

Iran's inflation at 77.2% in May, highest level since World War II

Year-on-year inflation in Iran reached a level in May unseen since World War II, underlining the economic pain average Iranians face as the Islamic Republic worries about the war with Israel and the United States restarting. A report Monday by Iran's Central Bank represents the first official acknowledgment of what Iranians shopping, paying for a taxi or visiting a medical clinic already know: The rial currency is battered by the war and uncertainty around it resuming. Meanwhile, longtime problems of economic mismanagement and government corruption also appear to be dragging down Iran's oil-backed economy as it remains under a US naval blockade. Economic pressure in the past has sparked nationwide protests, something Iran's theocracy has been trying to avoid since a crackdown on demonstrators in January killed over 7,000 people, according to activists' estimates. But even as hard-liners hold gun-handling workshops and organise marriages under the shadow of a ballistic missile to ..

Updated On: 02 Jun 2026 | 10:47 PM IST

Russia pounds Ukraine with 600+ drones, missiles; 22 killed, 100 injured

Russia launched hundreds of drones and dozens of missiles against Kyiv and other Ukrainian cities overnight, killing at least 16 civilians and wounding more than 100 others, authorities said Tuesday. The damage trapped some people under the rubble of apartment buildings. Emergency crews digging through the wreckage pulled out the body of a three-year-old child and the bodies of a mother and her eight-year-old son in the central Ukrainian city of Dnipro, officials said. The attack stretched from night into day and the boom of explosions reverberated across cities. Kyiv residents had been on edge for days after Russia warned that a massive aerial attack was coming and warned foreign diplomats to leave the Ukrainian capital. None appeared to heed the call. "A large-scale attack and an explicit statement by Russia: If Ukraine is not protected from ballistic missiles and other missile strikes, those strikes will continue," President Volodymyr Zelenskyy said in response to the attack, ..

Updated On: 02 Jun 2026 | 10:40 PM IST

External Affairs Defence Security

RudraM-II air-to-surface missile passes key flight test over Bay of Bengal

The indigenous air-to-surface missile validated critical subsystems and precision-strike capabilities, marking a key step towards operational induction

Updated On: 02 Jun 2026 | 10:13 PM IST

Immigration

It's return of the natives as Indian techies' American dream fades

The flow of Indian technology professionals to the US is slowing, while the number returning to India is rising amid visa uncertainty, weaker hiring, and shifts in the global tech job market

Updated On: 02 Jun 2026 | 10:41 PM IST