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RBI to discontinue daily variable rate repo auctions from June 11

The RBI started conducting daily VRR auctions on every working day from January 16, when banks were grappling with tight liquidity conditions

Sebi investigates Jane Street's derivatives trades over three years

The investigation - the largest such into a global trading firm - follows a series of steps taken by the Securities and Exchange Board of India (SEBI) to cool the frenzy in India's derivatives markets

Reliance and Shein aim to sell India-made clothes abroad within a year

Reliance, controlled by Asia's richest person, Mukesh Ambani, has contracted 150 garment manufacturers and is in discussion with 400 more, said the two people

India's $80 bn coal-power generation ambition is running short of water

The world's most populous country plans to spend nearly $80 billion on water-hungry coal plants by 2031 to power growing industries like data center operations

Asian shares rise, dollar eases ahead of US-China trade talks in London

Wall Street stocks had closed sharply higher on Friday after the jobs data eased concerns about damage to the world's biggest economy from President Donald Trump's unpredictable tariff regime

Colombian senator Miguel Uribe fighting for life after shooting

The Colombian Attorney General's Office said in a statement that "a minor under 15 years of age was arrested carrying a Glock pistol-type firearm (9mm)"

Trump's travel ban on 12 nations set to take effect from early Monday

The countries affected by the latest travel ban are Afghanistan, Myanmar, Chad, Republic of the Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen

Oil prices rise on US jobs data and renewed China trade discussions

Brent crude futures gained $1.28, or 1.96 per cent, to $66.62 a barrel by 1649 GMT. US West Texas Intermediate crude climbed $1.34, or 2.11 per cent, to $64.71

Jerome Powell too slow to lower borrowing costs: Trump on US Fed rate cut

The Fed last September did reduce rates by a half of a percentage point, after a faster-than-expected decline in inflation and a marked slowdown in the labor market

Trump not interested in talking to Musk as they feud over tax-cut bill

Trump, for his part, suggested he would terminate government contracts with Musk's businesses, which include rocket company SpaceX and its satellite unit Starlink

Strike against Kyiv was a response to Ukrainian 'terrorist acts': Russia

Russia's military released the statement after Ukrainian officials said Russia had launched an intense missile and drone barrage at Kyiv, the Ukrainian capital, in the early hours of Friday

Aditya Birla Group's paints unit files antitrust case against Asian Paints

The first source added that Asian Paints also allegedly told its dealers it will curtail its supplies to them if they put up hoardings of Birla paint products or place them at prominent places

India housing outlook steady, but signs of demand fatigue emerging: Poll

Average home prices, which have more than doubled in 11 years, are forecast to rise 6.0 per cent this year and 5.0 per cent next year

RBI set to ease rules for small-ticket gold loans: Guv Sanjay Malhotra

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

Incentives for minerals recycling in final stages of approval: Govt report

The scheme, which will includes lithium-ion batteries, will give capex subsidy to eligible recyclers, according to the document shared with reporters

Private refiners tap domestic fuel market as export margins tighten

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

RBI cuts CRR by 1%, to unlock ₹2.5 trillion to banking system by Dec

With the reduction in four equal tranches ending November 29, 2025, the CRR would come down to 3 per cent

India's forex reserves dip by $1.2 billion to $691.5 billion as on May 30

The country's FX reserves are now about $13.4 billion below their all-time high hit in September 2024

Xi-Trump call signals thaw in tensions; gold dips 1%, silver at 13-yr high

Spot gold fell 0.9 per cent to $3,347.79 an ounce, as of 12:12 p.m. EDT (1612 GMT) after trading 0.6 per cent higher earlier

Tesla shares fall as growing Trump-Musk spat rattles investors

On his social media platform X, Musk has called on Congress members to kill the legislation, calling it a "disgusting abomination"