Notifications

Weekly economy wrap: RBI rate pause, GDP beat frame week of policy shifts

RBI's policy hold and India's stronger-than-expected GDP growth anchored a week marked by firm PMIs, fuel-price risks, trade talks and fresh Cabinet approvals

Domestic LPG price hiked by ₹29 per cylinder, second rise in 3 months

The price of a 14.2-kg LPG cylinder in Delhi will rise to ₹942 from ₹913 with effect from June 7

Sack Dharmendra Pradhan in 7 days or protest will spread nationwide: CJP

Security was intensified across Delhi on Saturday, with police deploying additional personnel at the Indira Gandhi International (IGI) Airport, border entry points, and other sensitive locations ahead of a proposed protest call by the digital outfit Cockroach Janta Party (CJP), officials said. Earlier this month, CJP founder Abhijeet Dipke called on supporters and students to join his protest in Delhi. He also urged supporters to join him at the Delhi airport on June 6. Sources said police have not received any formal request seeking permission for the proposed protest, but are making security arrangements based on inputs available through social media monitoring and other channels. More than 1,000 police personnel have been earmarked for deployment across the New Delhi district and other strategic locations as part of preventive security measures, sources said. Security arrangements have been strengthened at the IGI Airport, major railway stations, inter-state bus terminals, and .

PM chairs meeting of Economic Advisory Council, discusses growth strategy

Prime Minister Narendra Modi on Saturday held a meeting with the members of the Economic Advisory Council (EAC) to the prime minister and discussed various ideas and measures to further boost India's economic growth amid global turmoil. Various reforms to improve ease of living and ease of doing business were also discussed, official sources said. The prime minister and the EAC-PM members discussed various ideas and measures to further boost India's economic growth in times of global turmoil, they said. The members also gave their assessment of the impact of the West Asia conflict on India and the world.

Norway Chess title biggest achievement of my career: Praggnanandhaa

R Praggnanandhaa described his Norway Chess triumph as the biggest achievement of his career, emphasising that defeating some of the world's strongest players - including the great Magnus Carlsen - made the title particularly memorable. He said the event's extraordinary strength, with one of the highest average ratings ever assembled in a tournament, added even greater weight to his victory. Praggnanandhaa became the first Indian to win Norway Chess since the tournament's inception in 2013, capping off a landmark campaign by defeating world No. 1 and seven-time champion Carlsen twice -- a rare feat against one of the game's greatest players. His triumph came in an exceptionally strong field, with all six players in the 'Open' section rated above 2700 and Carlsen leading the pack at 2840, adding further lustre to the title. "I think this is like (the biggest win of my career)...also stronger in terms of like average rating. I think, because you have like some 2600s (rating) in Wijk

Praggnanandhaa makes history, becomes 1st Indian to win Norway Chess title

Grandmaster R Praggnanandhaa scripted history as he became the first Indian to win the prestigious Norway Chess title with a final-round victory over Germany's Vincent Keymer here on Friday. Praggnanandhaa, who began the day in third place with 15 points, delivered when it mattered the most, securing a classical win worth three full points to finish on 18 points and clinch one of the most coveted trophies in elite chess. In doing so, the 20-year-old Chennai player achieved a feat that had eluded even Indian chess legend Viswanathan Anand and reigning world champion D Gukesh among others, since the tournament's inception in 2013. Competing in Norway Chess for only the second time, Praggnanandhaa endured a slow start in the elite six-player field before gathering momentum in the second half of the event. His campaign was highlighted by a remarkable achievement -- defeating seven-time Norway Chess champion and World No. 1 Magnus Carlsen twice in classical chess -- a rare accomplishmen

Bill in US Congress seeks to end H-1B visa as route to green card

A hardline Republican lawmaker has introduced a draft legislation in the US Congress seeking an overhaul of the H-1B visa programme, including ending its use as a pathway to permanent residency in the United States. Congressman Chip Roy introduced the American White-Collar Worker Jobs Act on Thursday. The proposed legislation also seeks to scrap the optional practical training (OPT) programme, which allows foreign students to work in the US for a limited period after graduation. "For its nearly forty-year history, the H-1B visa has been abused, allowing employers to routinely sideline American STEM workers in favour of cheap foreign labour, while masking layoffs and wage suppression as 'shortages.' "It's time to end this lottery-based pipeline and replace it with a system that prioritises merit, enforces real wage standards, and puts American white-collar workers first," said Roy, who represents the 21st district of Texas in Congress. The bill is backed by US Tech Workers, the ...

CBSE extends Class 12 re-evaluation application deadline till June 7

The CBSE on Friday extended the last date for submission of applications for verification and re-evaluation of Class 12 answer sheets by one day till June 7. The move comes after several students flagged issues in accessing answer books and applying for verification and re-evaluation on the CBSE's post-result services portal launched on June 2. "In the interest of students, the CBSE has decided to extend the last date for submission of applications for verification and re-evaluation for the Class 12 board examinations, thereby providing students additional time and support to complete the process," the board said in a post on X. The previous deadline of June 6 (midnight) has now been extended to June 7 (midnight), it said. "Students are requested to take note of the revised schedule and submit their applications accordingly," it added. The CBSE on Tuesday opened the online portal for verification of issues observed in scanned copies of answer books and re-evaluation of answers for

Domestic plants to meet half of India's semiconductor demand by FY35: MeitY

Niti Aayog projects that India's semiconductor demand will hit $206 billion by 2035 - a five-fold jump from the estimated $44 billion in FY26

Govt's cybersecurity efforts get Anthropic's Claude Mythos boost

Central agencies like I4C and Cert-In, as well as some IT firms, to get limited access for AI model testing and deployment

RBI, govt charm offensive may draw up to $50 billion global flows

Bond tax exemption, easier access for foreign funds may help cover FY27 BoP gap

IIT Roorkee lets JEE qualifiers below 75% Class 12 cutoff join counselling

CBSE extends last date for re-evaluation portal by a day to June 7

Fertility rates in UP, Bihar, NE states drop closer to national average

Southern states largely see stable or marginally higher fertility levels, while northern and northeastern states record declines, indicating demographic convergence

Centre reappoints RBI Deputy Governor Swaminathan J. for 2 years

The Centre has extended the tenure of RBI Deputy Governor Swaminathan J. by two years from June 26, 2026, following his first term at the central bank

Datanomics: Indian economy slips to 6th spot on rupee weakness

India's GDP rose to ₹346.36 trillion in FY26, but rupee depreciation against the US dollar kept the country behind the UK and Japan in global economic rankings

Dharmendra Pradhan's political skills outshine his ministerial record

Mr Pradhan is not an especially charismatic leader or a brilliant orator. But his understanding of realpolitik and organisational dynamics makes him the ultimate party man

India's AI lag could shield it from a painful market reckoning

The AI boom, especially in terms of market valuations, is essentially no different from Tulip Mania, the South Sea Bubble, the dotcom boom, the subprime lending euphoria of the noughties, or other spe

Maruti launches recurring deposit loan scheme for small car-buyers

Maruti Suzuki's new RD-backed auto loan scheme helps buyers build a down payment while enabling lenders to assess repayment discipline before loan disbursal

Beyond GLP-1, Novo eyes next-gen obesity drugs: Vikrant Shrotriya

Novo Nordisk plans to defend its obesity drug leadership in India as semaglutide patent expiry fuels competition from nearly 50 new market entrants

Hardeep Puri launches E85 fuel; to be 20% cheaper than E20 petrol

E85 fuel will initially be available at 48 outlets and is planned to reach 5,000 retail pumps by December 2027, supporting higher ethanol blending levels

India's GDP grows 7.8% in Q4FY26, full fiscal growth seen at 7.7%

In January-March period of the 2025-26 fiscal year, the gross domestic product (GDP) has been estimated to grow 7.8 per cent, MoSPI said

A monetary policy beyond rates: Why RBI's latest moves matter more

Most importantly, the slew of reforms announced in today's meeting to support the rupee augurs well for the economy and markets while keeping the growth momentum sacrosanct

RBI may begin rate hike cycle in Oct; 50 bps increase in FY27: Elara

Elara Capital said that it is building in the first-rate hike in October 2026 and see a total of 50 bps hike this financial year.

Stock Market Close: Sensex falls 117 pts, Nifty ends at 23,367 after RBI MPC meet outcome

Sensex Today | Stock Market Highlights, Friday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.35 per cent and 0.06 per cent down, respectively

Computers were built for humans. Big Tech is redesigning them for AI

AI agents are prompting technology companies to redesign chips, operating systems and search for a future where software increasingly acts on behalf of users rather than waiting for commands

India Inc builds creator workforce as influencer marketing matures

Companies in India are increasingly hiring creators, video producers, and content strategists in-house as creator-led marketing becomes a core business function

Rajkumar Singhal decodes equity, bond strategy post RBI policy decision

Stable corporate borrowing costs allow companies, especially those in debt-heavy sectors like infrastructure and manufacturing, said Rajkumar Singhal

Bond yields seen range-bound as RBI prioritises stability: Abakkus MF

In the bond market, the pause combined with a cautious undertone suggests that yields are likely to remain range-bound in the near term, albeit with a discernible upward bias as inflation risks build.

Indian Bank, Phoenix Mills among stocks to buy post RBI Policy: Teji Mandi

Jatin Gedia of Teji Mandi reckons that Indian Bank, Phoenix Mills and PFC have found support at their respective 200-DMAs and look ripe for further upside, according to technical charts.

CBSE foils cyberattack on revaluation portal; 3.8 mn attack packets found

As of June 4, the Board had received 70,433 applications through the post-result grievance redressal mechanism, including 7,314 applications for verification of marks and 63,119 for re-evaluation

Delhi govt to scrap B&B scheme: What is it and why is it being withdrawn?

Announcing the decision, Delhi Tourism Minister said all establishments licensed under scheme would be inspected and strict action would be taken against operators found violating licence conditions

Withdrawal of taxes on FPI investment in Gsec: The final frontier?

The important question is whether or not there will there be an about turn in the flow of funds in the debt segment? This is something which will be tested in the coming months.

'Vigilance & flexibility: RBI's message as inflation, crude risks loom'

Looking ahead, investors will continue to track crude oil prices, inflation trends, monsoon developments, and geopolitical events, said Somil Mehta of Mirae Asset Sharekhan

Defence stocks in demand: Paras, Data Patterns, Ideaforge surge up to 12%

At 11:29 AM on Friday, the BSE India Defence index was the top gainer among thematic indices up 1 per cent as compared to 0.11 per cent rise in the BSE Sensex.

Rate sensitive shares trade mixed post RBI policy; NBFC's rally up to 4%

Bajaj Finance, Shriram Finance, Cholamandalam Investment, REC and Power Finance Corporation were up between 2.5 per cent 4 per cent in intra-day deals on Friday.

RBI eyes rupee management via FII tax relief on govt. securities: Analysts

FIIs are subjected to a 12.5 per cent LTCG on listed shares and bonds held for over 12-months, and a 20 per cent withholding tax on interest from government bonds

Voda Idea may soon enter top-50 most valued club; stock up 87% from Apr low

In the past month, Vodafone Idea's stock price has outperformed the market by soaring 41 per cent, compared to a 3.2 per cent decline in the BSE Sensex.

'Tax exemption on G-Secs may succeed where RBI liquidity cannot'

The government has promulgated an ordinance that, with effect from April 1, 2026, foreign institutional investors will be exempted from tax on both the interest and the capital gains

RBI deems monsoon major domestic risk: Key takeaways from June MPC decision

Keeping rates on hold, the RBI flagged concerns over fuel-led inflation, supply-chain disruptions and a weak monsoon while projecting GDP growth of 6.6 per cent for FY27

Fact-check Friday: Is brown sugar really healthier than white sugar?

Many people swap white sugar for brown sugar hoping to make a healthier choice. But does the switch actually help? Experts separate fact from fiction and explain what really matters

RBI MPC keeps repo rate unchanged at 5.25%, maintains 'neutral' stance

RBI MPC June meeting: In its policy meeting, which took place between June 3-5, the committee continued with the 'neutral' stance

Wipro shares tank 7% amid heavy volumes on buyback record date

According to data compiled by Bloomberg, 1.74 million shares were traded in multiple blocks on buyback record date

AI could use 3% of world's power by 2030, strain water supplies: UN report

As AI models become cheaper and more attractive, the report expects this to encourage new uses and higher volumes of use, eroding and possibly erasing any savings from efficiency advances

Hexagon Nutrition IPO opens: Check price band, GMP, review, other details

Hexagon Nutrition IPO: From price band, lot size, and key dates to reviews - here's everything you need to know before applying for the public issue

Fifa's $13 bn World Cup faces backlash as high costs hit fans, host cities

Host cities are shifting World Cup costs to fans and taxpayers, for instance, in New York, a New Jersey Transit trip to MetLife Stadium that usually costs $13 is priced at $98 during the tournament

How India can halt capital flight as trade deficit widens, rupee falls

With the rupee nearing the psychologically important 100-per-dollar mark, RBI Guv Malhotra and PM Modi may need to raise interest rates and offer targeted tax incentives to stem capital outflows

If Iran kills US troops, it would be a good reason to restart war: Trump

Trump, in a post on Truth Social, said that those who voted against him would rather see the country "fail" than give him another victory

Retail's rightsized moment comes with outsized bets on new consumers

Tier-II & Tier-III consumers reshaping how brands think about space, expansion, store economics

IndiGo cancels flights to six int'l cities amid 'incredibly' high costs

Despite this curtailment, India's largest airline said it has "managed to retain" majority of its international operations, which now stands at over 1,800 weekly international flights