INDIAN ECONOMY
|
|
|
India’s appetite for transport fuels remained largely unaffected by the steepest fuel price increase in nearly four years, with consumption of petrol and diesel continuing to rise in May despite cumulative retail price hikes of over Rs 7 per litre and elevated global crude oil prices.
Data released by the ...
Read More
|
|
India’s current account moved into a surplus of $7.1 billion in the March quarter of FY26, supported by stronger services exports and higher remittance inflows, according to Reserve Bank of India data released on Monday (June 8). The surplus was equal to 0.7% of GDP but it was narrower than the $13.7 billion ...
Read More
|
|
The Centre has reduced the number of subsidised LPG refills available annually under the Pradhan Mantri Ujjwala Yojana (PMUY) from nine to four, officials said during an inter-ministerial briefing on Monday (June 8). The government cited a sharp increase in global liquefied petroleum gas (LPG) prices amid the...
Read More
|
|
|
MARKET & FINANCE
|
|
|
The Indian Rupee posted sharp declines, sliding further into the 95 to the dollar levels, weighed by renewed geopolitical tensions, which led to a surge in oil prices. The currency ended Monday’s trade at 95.70 per dollar, down 0.8% from its previous close, marking one of its biggest single-day falls in nearl...
Read More
|
|
|
GLOBAL CORPORATE
|
|
|
Nvidia (NVDA.O), on Monday announced a series of deals in South Korea with tech giants including SK Hynix (000660.KS), and Naver (035420.KS), as it looks to secure crucial memory chips to power its AI ambitions and entice new customers.
The agreements come during a high-profile trip by Nvidia CEO Jensen Huan...
Read More
|
|
Johnson & Johnson (JNJ.N), opens new tab said on Monday it will acquire biotech Firefly Bio for $1 billion in cash, as it looks to expand its cancer drug pipeline.
Firefly's Firelink platform uses antibodies to deliver a protein-degrading drug directly into cancer cells, an approach J&J says could help attac...
Read More
|
|
Vietnam has ordered its major airlines to review the progress of multibillion-dollar agreements signed with Boeing (BA.N), opens new tab and Pratt & Whitney, and explore new import deals with American companies, as Hanoi seeks to strengthen its hand in trade talks with the United States.
The directive, issue...
Read More
|
|
U.K. pharmaceutical group GSK
has entered an agreement to acquire U.S.-based drugmaker Nuvalent
for $10.6 billion to bolster its lung cancer pipeline, in what would be the British drugmaker’s largest acquisition in more than a decade.
The all-cash deal values Nuvalent at about $124 per share, according...
Read More
|
|
|
|
|
|
|
RBI
|
|
|
Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Monday said the capital markets regulator and the Reserve Bank of India (RBI) are jointly working on introducing derivatives on corporate bond indices as part of efforts to deepen India's corporate bond market.
Addressing the ICIC...
Read More
|
|
The Reserve Bank of India (RBI) on Wednesday announced the launch of payment systems connectivity between India and Cambodia, allowing Indian travellers to make UPI-based QR code payments at merchants across the Southeast Asian nation.
The facility, launched in Phnom Penh on Tuesday, marks the first phase ...
Read More
|
|
|
Banking
|
|
|
IT service firm, Dynacons Systems and Solutions has secured an order of over Rs 125 crore from the Central Bank of India for a project aimed at the expansion of private cloud. The order will also focus on building advanced AI infrastructure.
Dynacons Systems and Solutions: Order key details
The project w...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
GLOBAL ECONOMY
|
|
|
|
The International Monetary Fund's Executive Board approved reviews of Papua New Guinea's lending arrangements, unlocking about $163 million in combined disbursements, the fund said on Monday.
• The Extended Fund Facility and E...
Read More
|
|
The Confederation of British Industry cut its forecast for the country's economic growth on Tuesday and predicted unemployment would rise to its highest in more than a decade as the Iran war pushes up energy prices and squeezes li...
Read More
|
|
South Korea's economy grew in the first quarter at a stronger pace than previously estimated in April, revised central bank data showed on Tuesday.
Gross domestic product grew 1.8% in the January-March quarter from the precedin...
Read More
|
|
The Bank of Japan will consider maintaining the current pace of bond purchases beyond next fiscal year, sources said, pausing a taper process that would mark a turning point in its quantitative tightening (QT) plan.
But the dec...
Read More
|
|
German exports rose unexpectedly by 0.9% in April compared with the previous month, data from the federal statistics office showed on Tuesday.
The result compared with a forecast for a 0.5% decrease in a Reuters poll.
The st...
Read More
|
|
|
INDIAN CORPORATE
|
|
|
Tata Consultancy Services (TCS) has signed a multiyear, multimillion Euro transformation and managed services agreement with Canada Life, to support the modernisation of Canada Life’s IT infrastructure services across its European...
Read More
|
|
HCLTech will launch an AI Innovation Zone in collaboration with Google Cloud at Santa Clara, California. The AI Innovation Zone will enable global enterprises to scale artificial intelligence(AI) applications across agentic, kinet...
Read More
|
|
Meta description: Vedanta Resources is set to refinance $5.2 billion of dollar debt to lower borrowing costs after rating upgrades, Bloomberg reported.
Billionaire Anil Agarwal's Vedanta Resources Ltd. is set to refinance $5.2 ...
Read More
|
|
The three Airbus A320s, being inducted on a damp lease basis, are scheduled to join the airline’s fleet in July. The move comes as SpiceJet seeks to stabilise operations after a sharp decline in fleet strength that has seen it fal...
Read More
|
|
Bengaluru-headquartered green energy major Emmvee Group, a pioneer in solar energy having launched the country’s first solar water heaters way back in 1992 under Solarizer label that became the largest solar water heater not only ...
Read More
|
|
Rajiv Bajaj will step down as a non-executive director of Bajaj Finserv after deciding not to seek re-election at the company's annual general meeting scheduled for July 31, 2026, according to a filing on the exchanges by the fina...
Read More
|
|
Public sector company RailTel has bagged a Rs 41.3 crore work order from Uttar Pradesh Police Recruitment and Promotion Board. In an exchange filing, the company said that it has received the order to provide security-related anci...
Read More
|
|
Adani Ports and Special Economic Zone (APSEZ) has secured a 10-year marine services contract tied to Argentina’s first liquefied natural gas export project, the company said on Monday, extending its international marine operations...
Read More
|
|
|
COMMERCIAL LAW
|
|
|
Union Commerce and Industry Minister Piyush Goyal said on Sunday that India remains open to investments from China and other neighbouring countries in desirable sectors, but there is “absolutely no chance” that the Narendra Modi g...
Read More
|
|
|
|
|
|
|
|
|
|
|
|