In its second meeting for FY25 and the first after the general elections, the Reserve Bank of India (RBI) announced on Friday, June 7 that the benchmark repo rate will remain unchanged at 6.5 per cent for the eighth consecutive time. The decision was taken by the RBI's six-member Monetary Policy Committee (MPC) by a 4:2 majority.

In its second meeting for FY25 and the first after the general elections, the Reserve Bank of India (RBI) announced on Friday, June 7 that the benchmark repo rate will remain unchanged at 6.5 per cent

RBI MPC: Repo rate unchanged at 6.5%, watch key highlights

The project in Odisha is being executed as planned and there is no change in its location, Waaree Energies CEO Amit Paithankar said on Saturday.
"We want to emphasise that we are not moving away from Odisha. Our commitment to Odisha remains strong," the CEO, who is also the whole-time director, said in an exchange filing.
However, he did not disclose details of the project.
Paithankar said construction activities are actively ongoing, and contracts for the Odisha facility have been duly awarded and are being executed as planned.
Waaree Energies is one of the major players in the solar energy industry focused on PV module manufacturing.

Paithankar said construction activities are actively ongoing, and contracts for the Odisha facility have been duly awarded and are being executed as planned

State-owned Oil and Natural Gas Corporation (ONGC) on Saturday said it has made "significant" headway in controlling the gas blowout at the Assam well, with flow rates reducing substantially.
The blowout -- or uncontrolled flow of natural gas -- took place on June 12 at a well of the Rudrasagar oil field of ONGC at Barichuk. A private firm, S K Petro Services, was operating the well on behalf of the company.
In a statement, ONGC said it "has made significant headway in its well control operations at RDS#147A, with the flow rate of gas having reduced substantially, marking a critical step forward in containment efforts."
The international expert team from CUDD Pressure Control, USA, who arrived on site on Friday, has conducted a preliminary assessment of the situation and reviewed all actions undertaken by ONGC teams so far.
"The experts have expressed their agreement with the strategy and execution carried out to date, reaffirming the effectiveness of ONGC's approach to safely ...

The international expert team from CUDD Pressure Control, USA, who arrived on site on Friday, has conducted a preliminary assessment of the situation and reviewed all actions undertaken by ONGC teams

Most artificial intelligence systems suffer from the flaw of 'hallucination' and are not meant for India's small enterprises in manufacturing sector,  deep-tech company Vexoo Labs has said and claimed its AI solutions are for the "real world".
"The focus on factual accuracy is both rare and crucial," said Ajay Kumar, Senior Business Leader, AI Evangelist and a Board Advisor at Vexoo Labs.
He said most AI tools today are built for showcase, not for reliability.
In the industrial alleys of Rajkot, the looms of Tiruppur, and the machining units of Coimbatore, India's small and mid-sized manufacturers are facing a silent crisis, he noted.
"It's not rising input costs or labour shortages alone - it's the growing complexity of data, and the absence of any reliable AI system to help make sense of it," Kumar told PTI on the sidelines of Super AI, a mega exhibition and conference held June 18-19.
According to Kumar, despite the global boom in artificial intelligence, "most systems on the .

Ajay Kumar, Senior Business Leader, AI Evangelist and a Board Advisor at Vexoo Labs said most AI tools today are built for showcase, not for reliability

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Aviation safety regulator DGCA has asked flight operations inspectors to provide details of all inspections and audits conducted for Air India since 2024, sources said on Saturday.
The details on the findings of the inspections and audits will have to be submitted by Sunday, they said.
In an e-mailed communication, which came a day after the regulator issued a show-cause notice to the airline for flight duty time limitations (FDTL) violation, and also ordered removal of the airline's three senior officials from their respective roles for certain lapses, the Directorate General of Civil Aviation (DGCA) has sought these details for 2024 and 2025 (to date), the sources said.
The data has been sought on planned and unplanned inspections, audit, cockpit/ enroute, station facility, ramp and cabin inspection among others, as per the communication.
The Tata Group airline has been facing intense scrutiny since one of its Boeing 787-8 Dreamliner crashed shortly after taking off from the ...

The data has been sought on planned and unplanned inspections, audit, cockpit/ enroute, station facility, ramp and cabin inspection among others, as per the communication

A total of 247 victims of the horrific June 12 Ahmedabad plane crash have been identified through DNA tests so far and 232 bodies have been handed over to kin, officials said on Saturday.
The London-bound aircraft crashed into a hostel complex in Meghaninagar moments after taking off from Sardar Vallabhbhai Patel International Airport at 1.39 pm that day, killing 270 persons, including 241 on board. One passenger survived.  Authorities are carrying out DNA tests to establish the identity of the victims as many bodies were charred beyond recognition as the aircraft burst into flames or damaged on impact.  "Till Saturday evening, 247 DNA samples have matched. Relatives of these deceased were contacted. So far, mortal remains of 232 victims have been handed over to families. The process is continuing," Ahmedabad Civil Hospital Medical Superintendent Dr Rakesh Joshi said.  The 247 victims who have been identified comprise 187 Indians, 52 Britons, seven Portuguese nationals and a Canadian,

Relatives of these deceased were contacted. So far, mortal remains of 232 victims have been handed over to families

The Mumbai Metropolitan Region Development Authority (MMRDA) on Friday presented a Rs 40,187 crore-budget for the megapolis.
Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement. The revenues have been estimated at Rs 36,939 crore, and the body chaired by Deputy Chief Minister Eknath Shinde will be borrowing Rs 22,000 crore.
This will result in a budget deficit of Rs 3,249 crore, which the body plans to bridge through land sales, issuance of bonds, financial assistance from the government, and loans from financial institutions, the statement said.
The ongoing metro line projects have been earmarked Rs 10,969 crore of expenditure in the new fiscal, which is a fourth of the overall expenditure..
Over Rs 5,697 crore have been allotted for multiple tunnel projects which are going across the megapolis, with Rs 2,684 crore earmarked for the four-lane road running under the Sanjay Gandhi National 

Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement

The Rajya Sabha on Thursday returned the Finance Bill 2025 to the Lok Sabha, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements, thus completing the 2025-26 budgetary exercise that started on February 1.
The House also returned the Appropriation Bill (3) with a voice vote.
Earlier in the day, Finance Minister Nirmala Sitharaman had moved the two bills in the House.
The Lok Sabha had passed the Finance Bill on March 25 and passed the Appropriation Bill on March 21.
Replying to the debate later in the evening, she said the tendency of the finance ministry would be to exercise caution and not let go of revenues.
"But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax," Sitharaman said.
The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent ov

The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 trillion, an increase of 7.4 per cent over the current fiscal

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RBI MPC: Repo rate unchanged at 6.5%, watch key highlights

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