Page 75 - Reuters/workspace/business Standard Web/undefined

Monsoon to cover entire India in next 3-4 days, earlier than expected

The monsoon, the lifeblood of India's nearly $4 trillion economy, delivers almost 70 per cent of the rainfall needed to water farms and replenish aquifers and reservoirs

RBI bond holdings hit record high, may ease in months ahead, say traders

The RBI's bond holdings rose to 12.78per cent of the outstanding issuances as of March-end from 10.55 per cent at December-end, according to RBI data

Oil refiners' May crude processing edges up 0.4% from a year earlier

India's fuel demand in May rose to its highest in more than a year, while crude oil imports reached a record high of 23.32 million metric tonnes

Trump wants more drones, missiles, fewer F-35s in $893 bn budget request

The budget, which also includes nuclear weapons-related activities carried out by the Department of Energy and increases funding for homeland security

Asian stocks dip, dollar weakens as Trump escalates attack on Powell

Markets have been soothed by a ceasefire between Israel and Iran that appeared to be holding, reducing the risks of disruptions to the global oil trade and underpinning sentiment

Nato countries commit to raise defence spending to 5% of GDP by 2035

Nato Secretary General Mark Rutte acknowledged that it was not easy for European countries and Canada to find the extra money, but said it was vital to do so

China, India cut Indonesian coal imports, shift to higher-grade supply

Coal purchases by China and India from Indonesia, world's biggest exporter, are dropping faster than their overall thermal coal imports, as both nations shift toward higher-calorific value (CV) coal

Iran's uranium may have survived Israeli, US attacks: UN nuclear chief

The IAEA says no other country has enriched to such a high level without producing nuclear weapons, and Western powers say there is no civil justification for it

India plans global partnerships, investments to counter copper supply risk

New Delhi is also considering measures to help boost domestic refined copper output, including through foreign investment, the sources and the document said

Trump declares Iran 'victory for everybody' despite concerns over damage

Trump said he was confident Tehran would not try to rebuild its nuclear sites and would instead pursue a diplomatic path towards reconciliation

Nuclear Power Corp extends deadline for small reactor proposals to Sep 30

NPCIL said several industrial houses have already signed non-disclosure agreements and begun joint work on the BSR model, while others have requested more time to prepare submissions

Oil prices rise 2% as investors assess Iran-Israel ceasefire, Fed outlook

Prices had rallied to five-month highs after the US attacked Iran's nuclear facilities over the weekend

Iranian parliament approves bill to suspend cooperation with IAEA

Parliament Speaker Mohammad Baqer Qalibaf was quoted by state media as also saying Iran would accelerate its civilian nuclear programme

Bharat Biotech, GSK to slash malaria vaccine price to $5 per dose by 2028

The vaccine, Mosquirix or RTS,S, was developed by GSK and the non-profit PATH, and was the first malaria vaccine to get approval from the World Health Organization in 2022

RBI extends interbank call money market timings by 2 hours from July 1

The revised timings for the call market will be 9:00 a.m. IST to 7:00 p.m. IST

Sebi tightens oversight on trading members' compliance post-inspection

Trading members, including trading houses and brokerages, have to submit a compliance status report within timelines set by the Sebi

RBI's surplus fund withdrawal set to dampen money market sentiment

The Reserve Bank of India will conduct a seven-day variable rate reverse repo (VRRR), for Rs 1 trillion ($11.64 billion) on Friday, its first such operation since November-end

NSE offers $160 mn to settle dispute with Sebi, move ahead with IPO

India's biggest bourse and the world's most active derivatives exchange has been embroiled in litigation with the Securities and Exchange Board of India (Sebi) since 2019

China issues new financial guidelines to spur consumption, boost income

The guidelines, drafted jointly by six government departments and released by the central bank, said China would support eligible companies across the consumer industry chain

Judge blocks Trump admin from withholding funds for EV charger infra

US District Judge Tana Lin ruled that states are likely to succeed in their lawsuit claiming the federal government illegally withheld billions meant for EV charging station infrastructure