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Home  Business

Business

Sensex, Nifty rally after RBI rate cut and strong global cues

Sensex, Nifty rally after RBI rate cut and strong global cues

  • US-China: New disputes emerge ahead of trade talks in London

    US and China will hold trade talks in London amid fresh tensions over semiconductors, rare earths, and student visas. A recent agreement to pause tariffs is at risk as both sides clash over technology limits and new economic measures
  • Government warns e-commerce platforms against dark patterns in online shopping

    Dark patterns refer to deceptive user interface designs that nudge consumers toward decisions they might not otherwise make, like unknowingly subscribing to a service, buying additional items, or making hasty purchases due to fake urgency
  • In tribute to mentor, Mukesh Ambani donates ₹151 crore to ICT Mumbai

    Reliance Industries Chairman and Managing Director credits mentor Prof MM Sharma as a guiding force in India's economic reforms and chemical industry growth
  • WWDC 2025: Apple to cover lot of ground around operating system, AI feature upgrades

    Apple is set to unveil major AI and OS upgrades at WWDC 2025. With Apple Intelligence 2.0, deeper Siri integration, and privacy-focused AI, the company aims to reclaim leadership in the AI space and transform smartphone experiences
  • Director General of GST Intelligence closes Rs 32,400 cr GST case against Infosys

    Infosys announced that the GST department has closed tax proceedings related to a Rs 32,403 crore notice for 2017-2022. The case involved IGST under the Reverse Charge Mechanism. With this, the matter is now officially resolved
  • Govt appoints RBI DG T Rabi Sankar as part-time member of 16th Finance Commission

    "The President has appointed T Rabi Sankar, Deputy Governor, Reserve Bank of India (RBI), as a part-time Member of the 16th Finance Commission (XVIFC)," the ministry said
  • Monthly GST payment form 3B is to become non-editable from July tax period

    In an advisory, GSTN said taxpayers can make changes in declared outward supplies in GSTR-1A before filing their GSTR-3B in the same return period. Such changes will be auto-populated in tax payment form GSTR-3B
  • 269 million Indians lifted out of extreme poverty over 11 years, says World Bank

    About 75.24 million people were living in extreme poverty in India during 2022–23, a massive drop from 344.47 million in 2011–12
  • Trump to sell Tesla as feud with Musk escalates: Report

    President Trump plans to sell his Tesla amid an escalating feud with Elon Musk. The rift risks federal contracts worth billions and space missions reliant on SpaceX’s Dragon spacecraft. Musk recently walked back a threat to decommission Dragon amid growing political tensions
  • No move to hike foreign ownership limits in banks now: RBI Governor Sanjay Malhotra

    The RBI allows a single foreign institution to hold 15 per cent in a lender and has made some exceptions like that of CSB Bank, and, recently, Japan’s SMBC
  • Net FDI slows, but repatriation rise reflects maturing economy: RBI Governor

    Gross foreign direct investment (FDI) inflows remained strong, rising by around 14 per cent to USD 81 billion in 2024-25, from USD 71.3 billion a year ago. However, net FDI inflows moderated to USD 0.4 billion in 2024-25, from USD 10.1 billion a year ago.
  • Switzerland plans information exchange on crypto assets with India, 73 other countries

    India and Switzerland already have an automatic exchange of information framework in place for bank accounts and other financial assets held by Indians in Switzerland, and vice versa
  • Sebi attaches bank, share, mutual fund holdings of Mehul Choksi to recover Rs 2.1 crore dues

    Markets regulator Sebi has ordered the attachment of bank accounts and shares and mutual fund holdings of absconding diamantaire Mehul Choksi to recover dues totalling Rs 2.1 crore in a case of violation of insider trading rules in the shares of Gitanjali Gems
  • IndusInd Bank shares rise after RBI signals stability ahead

    Shares of IndusInd Bank rose as much as 5.3 per cent on Friday, after the Reserve Bank of India (RBI) said the problems at the private sector lender are likely to settle soon
  • Ayodhya’s Ram Temple uses 45 kg gold; visitors need passes for Ram Darbar

    Ayodhya’s Ram Temple now features 45 kg of pure gold, mainly in the sanctum and throne of Lord Ram. Following the Ram Darbar consecration, entry will be restricted via free passes. Other temple complex structures are set to complete by 2025.
  • Top bankers hail Reserve Bank’s big bang measures to boost financial inclusion

    Top bankers hailed RBI's decision to reduce repo rate by 50 basis points to 5.50 per cent and CRR by 100 basis points in four tranches, saying the policy move is expected to provide the necessary drive for credit expansion in priority sectors which will enhance the financial inclusion
  • RBI cuts CRR by steep 1 per cent, to unlock Rs 2.5 lakh crore of bank funds

    RBI decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy
  • Starlink gets licence for satcom services in India

    Starlink is the third company to secure the licence from the Department of Telecom (DoT). DoT sources confirmed that Starlink has indeed received licence, and said they will be granted trial spectrum in 15-20 days of applying for it
  • Very little scope for further policy rate cut: Sanjay Malhotra

    Reserve Bank Governor Sanjay Malhotra on Friday said there is very little scope for rate cut in the current circumstances after the central bank reduced the policy rate by 50 basis points
  • FM Nirmala Sitharaman says India now has 1.76 lakh registered startups, 118 unicorns

    The number of registered startups has reached 1.76 lakh in the last 11 years, with 118 unicorns, thus fueling youth entrepreneurship: Finance Minister Nirmala Sitharaman
  • OYO plans to double hotel revenue by FY26

    OYO expects to double revenue from its company-serviced hotels by FY26, raising their contribution to 44%. With over 1,300 such hotels in India, OYO plans further expansion across cities as part of its profitability and customer experience focus.
  • RBI booster: EMIs, tenure set to come down for home loan borrowers

    RBI will directly benefit home loan borrowers, especially existing ones, by reducing their interest burden, experts said
  • RBI retains FY26 GDP forecast at 6.5 per cent; says Indian economy shows strength, stability, opportunity

    The FY26 growth projections are compared with the 6.5 per cent economic growth recorded in the 2024-25 fiscal year. The Reserve Bank of India (RBI) has projected economic growth at 6.5 per cent for the June quarter and 6.7 per cent for the September quarter
  • RBI to raise gold loan-to-value ratio to 85 per cent for small borrowers of up to Rs 2.5 lakh

    The increase in the loan-to-value ratio for small loans means that if the gold pledged is worth Rs one lakh, borrowers can get up to Rs 85,000 as a loan, up from Rs 75,000
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