During his State of the Union address, US President Donald Trump criticized New York City Mayor Zohran Mamdani's ID requirement for a snow shoveler program. This sparked a debate about the need for IDs in different situations, including voting. The House recently passed a bill requiring proof of citizenship for voter registration, which has been met with opposition from Democrats.
As india and US continue their trade negotiations in Delhi US President Donald Trump today said he expects the two countries to reach an agreement soon. Speaking to reporters at the White House on Thursday, Trump also spoke warmly about Prime Minister Narendra Modi, describing him as a “good friend” and suggesting they share a strong relationship.
“I started modelling in college and earned Rs 2000,” said one of the biggest fashion designers in India. Little did that teenager know that not only would he dress all of Bollywood, but also win awards for it, achieve global recognition, and become every Indian bride’s dream designer for her big day.
The Indian government has announced a ₹10,000-crore jet fuel price stabilisation fund to help domestic airlines cope with rising global fuel prices due to the West Asia crisis. Airlines can opt to buy ATF at a fixed benchmark rate, with the effective selling price in major cities ranging from ₹114.5 to ₹139 per litre. The scheme is voluntary and will remain in place for up to 36 months.
India and Venezuela have agreed to enhance their energy partnership, with a focus on both upstream and downstream activities. India views Venezuela as a reliable energy partner due to its size and long-term demand growth. The countries also discussed expanding cooperation in mining and critical minerals. India also brought up the issue of pending dividends owed to ONGC Videsh.
PM Surya Ghar: Muft Bijli Yojana, launched in 2024 with a budget of ₹75,021 crore, has surpassed 40 lakh beneficiary households in two years and is expected to reach 75 lakh by December 2026. The scheme has witnessed remarkable progress with 65 lakh applications and 3 lakh rooftop solar installations per month. The ULA model is being expanded to boost adoption.
The Indian government is taking steps to reduce its reliance on imports by forming six working groups to identify 100 products not produced in India at scale. Led by the Secretary of DPIIT, the groups will focus on electronics, pharmaceuticals, and energy. This could help reduce the trade deficit and ease pressure on the economy.
The Bangalore Metro Yellow Line has been facing overcrowding during peak hours, causing inconvenience to daily commuters. In response, the BMRCL has added two extra trains, improving service frequency and reducing waiting times. The revised schedule includes trains running every 7 minutes during weekdays and every 10 minutes on weekends.
South Central Railway has announced a special weekly train service between H.S. Nanded and Hazrat Nizamuddin Railway Stations to manage the high passenger demand during the summer season. The train will run every Saturday and Sunday, covering important stations in Maharashtra, Madhya Pradesh, and Uttar Pradesh. This will provide relief to pilgrims and tourists travelling between Delhi and Nanded.
South Central Railway has announced special train services between Bilaspur and Yelahanka to meet the increased passenger demand during the summer travel season. The trains will operate via Secunderabad and Guntakal, halting at important stations in Chhattisgarh, Telangana, Andhra Pradesh, and Karnataka. The services are expected to reduce waiting lists and ease overcrowding on regular trains.
Maruti Suzuki has launched the country's first flex-fuel passenger vehicle, the Wagon R Flex Fuel, as part of the government's ethanol mobility programme. The government plans to roll out 5,000 flex-fuel fuel stations by end-2027, with initial focus on Delhi-NCR and Mumbai-Pune-Nagpur corridors.
FPIs have reduced their exposure to India's financial sector, with heavy selling in financial services, IT, and FMCG stocks. This is due to the sector's dominant weight in the listed universe and high foreign ownership. Other sectors, such as consumer services and automobiles, also saw notable outflows.
ESIC faces challenges and requires reform, but privatisation is not the answer. Private insurance is costlier and offers lower benefits than ESIC. Privatisation would harm workers and businesses. ESIC should focus on operational reform and process re-engineering to enhance service and coverage. Privatisation would deny insurance to low-income workers.
The conflict in the Strait of Hormuz has caused a surge in war-risk insurance costs for tankers, hindering commercial traffic. This has led to higher freight rates, vessel rerouting, and disruptions in tanker economics. It is estimated that it will take weeks or months to clear the congestion, even after a ceasefire is reached, creating a "stop-start" pattern that has damaged market confidence.
Wockhardt's new antibiotic, Zaynich, is the first Indian-developed drug to receive US FDA approval. It targets multidrug-resistant pathogens and has shown high efficacy rates in clinical trials. This breakthrough may encourage more drug discovery in India, as the country faces a growing threat of antimicrobial resistance.
A new study by the National Foundation for American Policy (NFAP) has found that immigrants founded or co-founded the majority of privately held US startup companies valued at $1 billion or more, with Indians emerging as some of the most successful entrepreneurs in the country.
IIT Roorkee will not relax the 75% eligibility criterion for JEE admissions despite CBSE marks controversy. The institute is working with CBSE to address concerns of affected candidates. The criterion is mandatory for IIT and NIT admissions and was reintroduced after being temporarily relaxed during the pandemic.
Lalit Modi, founder and first chairman of the Indian Premier League (IPL), predicts that 15-year-old Vaibhav Sooryavanshi, a rising star in the Rajasthan Royals team, will transcend the sport and become a global icon surpassing even the biggest names in Hollywood and football. Modi is impressed by the teenager's fearlessness.
Toyota Kirloskar Motor has launched a new update for the Innova Crysta, with prices ranging from Rs 19,72,000 to Rs 26,63,000. The Innova Hycross, with its petrol and strong-hybrid powertrains, is becoming the preferred choice among urban and family buyers, leading to a decline in Crysta sales.
The IMD has announced the arrival of southwest monsoon in Kerala, after its earlier prediction of an early onset failed. The monsoon is expected to reach several other states in the next few days. The delay is due to weak winds. The monsoon is crucial for agriculture and the economy.
India's data centre industry is booming, with a predicted three-fold increase in demand by 2030. This is fueled by the country's growing digital economy and the rising need for AI infrastructure. The domestic AI market is expected to reach $131 billion by 2032, driving the need for more data centres.
Rupert Murdoch was deceived into paying a hefty sum for a contract with Lalit Modi's ESPN Star Sports, even though the Champions League T20 was cancelled due to a terrorist attack. Modi's clever clause forced Murdoch's network to pay, despite his refusal to accept a buyout. Though he gained a powerful enemy, Modi claims to have protected the financial interests of the cricket boards.
Telangana's Cabinet Committee on Economic Affairs has approved the widening of key highway stretches into 4-lane roads, including the Armoor-Jagtial-Mancherial stretch of NH-63 and the Jagtial-Karimnagar stretch of NH-563. This will reduce travel time by 1 hour 30 minutes and 45 minutes respectively, and improve connectivity to economic, social, and logistic hubs.
The Cabinet has approved the construction of a new coastal highway between Rameshwar and Paradeep in Odisha. It aims to reduce travel time by 2.5 hours and improve connectivity between four districts. The project will be developed in two packages and is expected to boost economic growth by connecting nine economic nodes and five logistics hubs.
The RBI's policy decision tomorrow is crucial as the rupee weakens and inflation rises. Economists expect a cautious approach with possible FX package and rate hikes. Inflation to remain high for 2-3 quarters, but slow economic growth may prevent aggressive tightening. Indian rupee may need more support, and investors will closely watch for hawkish signals.
Jensen Huang, the billionaire CEO of NVIDIA, is known for his transparent leadership style and disciplined mindset. His morning routine includes reading, working out, and avoiding emails. He prioritizes group communication and believes in living with purpose. This mindset has contributed to NVIDIA's historic success and reminds Huang of his long-term goals.
Indian Railways has introduced a new stoppage at Shahjahanpur Junction railway station on the Lucknow–Dehradun Vande Bharat Express, providing a faster and more convenient travel option for passengers living in Madhya Pradesh and nearby areas. The train will arrive and depart at specific timings from Shahjahanpur, making long-distance travel smoother and more comfortable.
Motilal Oswal reiterates 'Buy' rating on ICICI Bank with a target price of Rs 1,750, expecting a 41% upside potential. The brokerage believes the bank is entering a phase of growth with broad-based loan growth, strong deposit franchise, stable margins, efficient technology investments, and solid asset quality. Investors should watch for consistent growth.
The UDF government in Kerala has released a White Paper on the state's finances, exposing high levels of public debt and liabilities. Concerns have been raised over low capital expenditure and increasing liabilities from loans and PSU losses. The government is urging for fiscal discipline and private investment to maintain welfare commitments and sustainability.
The 2026 FIFA World Cup, hosted by Canada, Mexico, and the US, will not only showcase the world's best footballers, but also the impact of climate change on the tournament. Rising temperatures are affecting player performance, tactics, and safety, and researchers warn that it is no longer just a backdrop, but a crucial part of the game.
Citi Research has identified power transmission as a key investment theme in India and initiated coverage on four electrical equipment companies. Hitachi Energy India, GE Vernova T&D India, CG Power and Industrial Solutions, and Siemens Energy India are top picks, expected to benefit from the country's infrastructure buildout and global investments.
The Delhi government has revoked its B&B policy after a fatal fire at a Malviya Nagar B&B that claimed 21 lives. The policy aimed to regulate small lodging providers and increase affordable options for tourists, but violations were found, including safety issues.
Pune's IT industry is in turmoil as Thynk Tech India OPC Pvt Ltd becomes the fifth company to shut down suddenly, leaving 700-1,000 employees unemployed. The CEO has been arrested for cheating, and investigations show a trend of charging security deposits and not paying salaries. This is the fifth closure in 8 months, shedding light on the growing crisis in Pune's IT sector.
Israeli Prime Minister Benjamin Netanyahu said he and US President Donald Trump remain largely on the same page about the war with Iran, even though they may disagree on some tactical issues.
Adani Power vs NTPC: Two leading thermal power companies in India, have shared similar messages after their FY26 results. They both expect earnings growth to come from expanding contracted capacity, project execution, and power purchase agreements, rather than short-term tariff gains.
RBI Deputy Governor Swaminathan J stressed the importance of building resilience in the banking sector through transparent stress recognition, stronger balance sheets, sharper supervision, adaptive regulation, and resilient internal bank practices.
Trent's stock price fell 35% due to its first-ever bonus share issue, causing investor confusion. However, this will not result in a loss of shareholder wealth as the stock price will adjust accordingly. Shareholders will receive one extra share for every two they own on June 4, along with a final dividend of Rs 6 per share. This is Trent's first bonus issue.
Lalit Modi, former IPL chairman, denies being a fugitive and blames media for damaging his business reputation. He claims legal uncertainty and public allegations have hindered his ability to rebuild or expand commercial ventures. Despite facing investigations, he argues that no criminal charges have been filed and questions the practicality of his arrest.
Prime Minister Narendra Modi to inaugurate and lay foundation stones for infrastructure projects worth Rs 18,000 crore in Surat. Projects include expressway sections, highway upgrades, and connecting tribal districts, industry clusters, and ports. Aligned with Bharatmala objectives to improve freight efficiency and regional linkages while reducing logistics costs.
Gita Gopinath, former IMF chief economist, cautions that high oil prices could lower India's growth to 6%, below the IMF's forecast. She predicts continued high oil prices until mid-2022, impacting household spending and business investment.
India is preparing to roll out new measures aimed at attracting more foreign money into the country, with key decisions likely to be taken as early as this week.
The conflict in West Asia is causing major disruptions in India's orthodox tea exports, leading to decreased orders, higher costs, longer transit times, and payment uncertainty. This has resulted in a shift towards CTC tea and a search for alternative markets. The crisis is also affecting India's economy, with rising fuel prices and inflation risks.
Delhi court summons Naveen Jindal, Jindal Steel and Power, former coal secretary P C Parekh and others for alleged irregularities in coal block allocation. CBI files chargesheet after a decade of FIR registration, court takes cognisance and summons accused for criminal conspiracy, breach of trust, cheating, and corruption.
South Central Railway has introduced two special trains on June 4 for passengers from Northeast India to Andhra Pradesh. These trains will run on the Guwahati-Tirupati and Rangapara North-Vijayawada routes, offering more seats and improved travel choices. The services are intended to assist passengers facing difficulty in securing confirmed tickets during the busy summer season.
DK Shivakumar, the Congress's top problem solver, took oath as Karnataka's CM with assets worth Rs 1,413 crore, making him the richest CM in India. He surpassed the wealth of Andhra Pradesh's N Chandrababu Naidu and Tamil Nadu's C Joseph Vijay, making the top three richest CMs all from southern states.
33,441 crore
Mumbai's civic administration is taking emergency measures as the IMD predicts a below-average monsoon, leaving the city with only 45 days of potable water. The BMC is closely monitoring the situation and urging responsible water usage. The budget presented by Municipal Commissioner Bhushan Gagrani focuses on infrastructure and urban development, with a budget of Rs. 33,441 crore.
Southern Railway has extended the Hyderabad-Kollam Express Special train services until September 2026, with 13 additional trips in each direction. This will improve rail connectivity and provide more flexible travel options for passengers across Telangana, Andhra Pradesh, Tamil Nadu, and Kerala. The extended service will pass through major stations, and reservations will open soon.
The RBI's MPC meeting, starting today, will announce its policy decision on June 5. Inflation risks have risen due to various factors, leading economists to predict a focus on liquidity management instead of interest rate changes. The RBI is likely to maintain growth estimates but may have to revise inflation forecast for FY27 due to increasing fuel prices.
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India has responded to proposed US tariffs by clarifying that they are not yet final and stakeholders can participate in public hearings until June 22, 2026. The US has proposed additional tariffs on imports from 60 countries, including India, over concerns of import restrictions and forced labor. India is also engaged in negotiations with the US for a broader trade framework agreement.
Technology stocks led the market rebound for three days, but a sharp sell-off on Wednesday caused the Nifty IT index to drop over 5%. Profit booking, growth concerns, and global technology weakness were key reasons for the decline. Despite improved sentiment and attractive valuations, investors remain cautious due to AI adoption challenges and uncertainty over earnings growth.