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Economy

India’s service sector growth softens to 5-month-low, new export orders at 10-year high: PMI

New Delhi, Jun 5 (PTI) India's service sector growth eased to a five-month low in May amid fierce competition, price pressures and a...

Hindalco-owned Novelis delays US IPO; shares slide

By Manvi Pant BENGALURU (Reuters) -Hindalco Industries said on Wednesday its U.S-based unit Novelis has postponed its initial public offering (IPO) due to weak market conditions, sending shares of

IIT Bombay improved its rank by 31 places in QS World University Rankings

New Delhi , June 5 (ANI): The ranking of the Indian Institute of Technology Bombay (IIT Bombay) has moved from 149th rank to 118th...

Rupee ticks higher on likely cenbank intervention; traders eye equity flows

By Jaspreet Kalra MUMBAI (Reuters) - The Indian rupee rose on Wednesday, aided by likely intervention from the central bank after the currency slumped the most in over a year in the previous session

Opt for banking, commodities, IT and Insurance stocks: CLSA makes strategic shift in India portfolio

New Delhi , June 5 (ANI): Indian equity markets, led by 'Modi stocks', had approached the national elections with a lot of conviction in...

Market will remain Volatile, stabilise post budget, don’t change your portfolio: Experts

Mumbai (Maharashtra) , June 5 (ANI): The stock market commenced trading on a slightly positive note today, buoyed by the BJP's victory in the...

Gold rangebound as traders seek more US data for Fed cues

By Sherin Elizabeth Varghese (Reuters) - Gold prices rose slightly on Wednesday helped by lower Treasury yields, but were stuck in a tight range as investors waited for more U.S. data to gauge the

Indian central bank likely intervened in NDF to support rupee, traders say

MUMBAI (Reuters) - The Indian central bank likely intervened in the non-deliverable forwards market to support the rupee on Wednesday, which has been under pressure post the unexpected election

Oil near 4-mth low after OPEC+ supply plan, US stock build

By Emily Chow and Florence Tan SINGAPORE (Reuters) -Oil prices hovered near four-month lows in Asia on Wednesday as markets digested an OPEC+ decision to boost supply later this year and following an

UBS Report: India’s election result sparks concerns of populist policies and delayed reforms

New Delhi , June 5 (ANI): The recent general election results in India have delivered a surprising and somewhat disappointing outcome, with the ruling...

On Camera

Ratan Tata’s least acknowledged and biggest contribution was to Assam

Ratan Tata took TISS to Assam, saved a sinking Tata Tea out of concern for workers, and brought Northeastern people at the forefront of India’s hospitality industry.

RBI’s policy-setting body keeps rates unchanged for 10th straight time, changes stance to ‘neutral’

Change in stance signals possibility of rate cuts, potentially as early as December, depending on inflation trends & global economy. Growth projection for FY 2024-25 retained at 7.2%.

Amid concerns about use of Chinese parts in drones, Army general urges industry to be transparent

Maj Gen CS Mann, ADG, Army Design Bureau, cites national security concerns. This comes after intelligence agencies flagged use of Chinese components in drones purchased by armed forces.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?