Business

Rs 2000 banknotes continue to be legal tender. On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2000 denomination banknotes from circulation

RE reported a 26 per cent jump in total sales at 89,429 units in May, as compared to 71,010 units in the same month last year

The company's total sales stood at 63,551 units in May last year, Hyundai Motor India Ltd (HMIL) said in a statement

Benchmark indices Sensex and Nifty slumped sharply on Monday amid weak Asian market cues, renewed trade war fears after Trump’s steel tariff hike, and continued FII selling. India’s strong Q4 GDP growth offered some support despite global market volatility.

The rupee rose 12 paise to 85.43 against the US dollar on Monday, buoyed by weak global cues and robust GDP data. Analysts await RBI’s rate decision and PMI data as markets remain volatile amid foreign fund outflows and high oil prices.

The Unified Payments Interface (UPI) has posted a robust recover in the month of May by processing 18.68 billion transactions, up from 17.89 billion in April

The mini-ministerial meeting will be held on the margins of the OECD (Organisation for Economic Co-operation and Development) Ministerial Council Meeting in Paris

Kia India reported a 14 per cent year-on-year increase in dispatches to dealers in the domestic market

In May, gross revenues from domestic transactions rose 13.7 per cent to about Rs 1.50 lakh crore, while GST revenue from imports grew 25.2 per cent to Rs 51,266 crore

The price of natural gas from legacy fields allocated to state-owned ONGC without auction has been reduced from USD 6.75 to USD 6.41 per million British thermal units (mmBtu)

EY India's Chairman and CEO Rajiv Memani has assumed office as the President of the Confederation of Indian Industry (CII) for 2025-26

VinFast, the electric vehicle (EV) unit of Vingroup, plans to launch its VF7 and VF6 models in India before the festival season this year

Union Minister Goyal is scheduled to hold bilateral meetings, including with Eric Lombard, Minister of Economy, and Laurent Saint-Martin, French Trade Minister, according to the Commerce Ministry

In May 2024, Toyota Kirloskar Motor had sold a total of 25,273 units

The undertaking to Delhi HC follows a patent infringement plea filed by the Danish drugmaker against Dr Reddy’s Laboratories and OneSource Speciality Pharma. Novo Nordisk’s blockbuster weight-loss drug Ozempic Wegovy is expected to be launched soon in India

Vodafone Idea has reported a wider net loss of Rs 7,166.1 crore for the fourth quarter ended March 31 (Q4 FY25), compared to a loss of Rs 6,609.3 crore in the previous quarter (Q3 FY25)

China's purchasing managers' index rose from 49.0 in April to 49.5 in May, the National Bureau of Statistics said. PMI is measured on a scale from 0 to 100, where 50 marks the cutoff between expansion and contraction

Congress general secretary Jairam Ramesh tagged a video clip of Trump to say this is the 11th time in 21 days that Modi's "great friend" claimed he had a role to play in the ceasefire between the two neighbours

On May 30, Trump announced that he would double the existing 25 per cent tariffs on steel and aluminium imports from June 4

Securities and Exchange Board of India (SEBI)'s suspension comes as part of an ongoing investigation into allegations of fraudulent activities and manipulation of the company’s share price

The CEPA aims to unlock the full potential of the trade and commercial relationship between India and Chile, boosting employment, bilateral trade, and economic growth

The US President later posted on social media that the higher tariff rate would take effect on June 4

UPI has made everyday transactions seamless, instant, and cashless for millions of people in the country

Soket AI, Gan AI, Gnani AI selected for building indigenous foundation model, said IT Minister Ashwini Vaishnaw