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Bullet train from Delhi to Siliguri announced, travel time to be reduced to just 6 hours: Check route | Business
06
Jun
By The Press Editor
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Business

Bullet train from Delhi to Siliguri announced, travel time to be reduced to just 6 hours: Check route | Business

New Delhi: Here comes a piece of good news for passengers waiting to travel in bullet trains. Union Railway Minister Ashwini Vaishnaw on Saturday announced a bullet train project for West Bengal, stating that the proposed corridor would connect Delhi and Siliguri via Lucknow, Varanasi and Patna. โ€œA bullet train project will come to West Bengal. It will connect Delhi and Siliguri via Lucknow, Varanasi and Patna. The journey will take only six hours by bullet train," Vaishnaw said. While addressing a gathering at the state Secretariat Nabanna in Kolkata, Vaishnaw stated once the bullet train is commissioned, travel time…
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Market Closing Bell: Sensex drops 116 points, Nifty ends at 23,366 post RBI MPC’s announcement – Here’s why | Markets
05
Jun
By The Press Editor
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Business

Market Closing Bell: Sensex drops 116 points, Nifty ends at 23,366 post RBI MPC’s announcement – Here’s why | Markets

Mumbai: Benchmark indices Sensex and Nifty end the session on a mildly negative note on Friday, June 5, 2026, after the Reserve Bank of India (RBI) delivered a widely expected status quo on interest rates. The 30-share BSE Sensex dropped 116.67 points or 0.16 per cent, to settle at 74,243.34. The 50-share NSE Nifty slipped 49.85 points, or 0.21 per cent, to end at 23,366.70. During the day, the BSE hit a high of 74,717.57 and a low of 73,988.75, gyrating 728.82 points.ย The RBI has kept its benchmark repo rate unchanged at 5.25 per cent and announced a raft of…
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Maharashtra approves loan waiver, to benefit 56 lakh farmers – What are the conditions for loan waiver? | Business
05
Jun
By The Press Editor
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Business

Maharashtra approves loan waiver, to benefit 56 lakh farmers – What are the conditions for loan waiver? | Business

New Delhi: The Maharashtra government has provided relief to farmers by approving the waiver of agricultural loans up to Rs 2 lakh. The cabinet meeting, chaired by Chief Minister Devendra Fadnavis, approved the 'Punyashlok Ahilyadevi Holkar Shetkari Karjmukti Yojana.' The state government will spend approximately Rs 36,585 crore on this scheme, and approximately 5.6 million farmers are expected to benefit. The government says that more than 6.5 million loan accounts will be covered under this scheme. In addition, special incentives will be provided to farmers who repay their loans on time.ย  Whose loans will be waived? The government will waive…
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India’s real GDP growth for financial year 2025-26 stood at 7.7%: Official data | Business
05
Jun
By The Press Editor
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Business

India’s real GDP growth for financial year 2025-26 stood at 7.7%: Official data | Business

New Delhi: India's economy grew at a higher pace of 7.7 per cent during 2025-26 as compared to 7.1 per cent in 2024-25, according to government data released on Friday. In January-March period of the 2025-26 fiscal year, the gross domestic product (GDP) has been estimated to grow 7.8 per cent, the Ministry of Statistics & Programme Implementation (MoSPI) said. "Real GDP or GDP at Constant Prices is estimated to attain a level of Rs 323.12 lakh crore in the 2025-26, against the First Revised Estimate (FRE) of GDP for 2024-25 of Rs 299.89 lakh crore," it said. Nominal GDP,…
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CMR Green Technologies IPO GMP jumps to Rs 70 on Day 3: Check listing date and other details | Markets
05
Jun
By The Press Editor
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Business

CMR Green Technologies IPO GMP jumps to Rs 70 on Day 3: Check listing date and other details | Markets

Mumbai: The initial public offering of CMR Green Technologies Ltd, a non-ferrous metal recycler, has witnessed a strong response from investors on the last day of the bidding today, i.e. on June 5, 2206. The offer was subscribed to 85.22 times till 3 pm on June 5. According to the National Stock Exchange (NSE), the Rs 631-crore IPO received bids for 1,96,37,37,360 shares against 2,30,43,930 shares on offer. The quota for non-institutional investors (NIIs) was booked 155.90 times. The retail portion of the IPO fetched a subscription of 22.90 times, and the Qualified Institutional Buyers (QIBs) segment was booked 142.78…
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RBI MPC Highlights: RBI holds repo rate at 5.25%, raises FY27 inflation projection by 50 bps to 5.1% | Business
05
Jun
By The Press Editor
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Business

RBI MPC Highlights: RBI holds repo rate at 5.25%, raises FY27 inflation projection by 50 bps to 5.1% | Business

New Delhi: The Reserve Bank of India on Friday decided to keep the policy rate unchanged at 5.25 per cent amid turmoil in West Asia, which has pushed crude oil prices higher and posed inflation risks.ย RBI Governor Sanjay Malhotra said that the monetary policy committee (MPC) voted unanimously (6โ€“0) to keep the repo rate unchanged at 5.25 per cent. The outcome is significant, coming amid heightened uncertainty due to global conflicts, rising crude prices, sharp rupee depreciation, and monsoon risks. The RBI has actively intervened in the foreign exchange market to stabilise the INR, while the government has ramped up…
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Govt issues ordinance exempting foreign investments in G-secs from capital gains tax: What does it mean? | Business
05
Jun
By The Press Editor
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Business

Govt issues ordinance exempting foreign investments in G-secs from capital gains tax: What does it mean? | Business

New Delhi: At a time when India is facing multiple challenges -ย rising crude oil prices, risk of inflation and the prospect of a weaker monsoon - the government has announced a series of reforms aimed at making India a leading destination for foreign investors. The Centre on Friday promulgated the Income-tax (Amendment) Ordinance, 2026, granting tax exemption to Foreign Institutional Investors (FIIs) on capital gains and interest income arising from investments in government securities (G-Sec).ย ย  With a view to enhancing participation by Foreign Portfolio Investors (FPIs) in G-Sec, the government has decided to expand the list of specified securities under…
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RBI holds repo rate at 5.25%, lowers FY27 GDP forecast to 6.6% on concerns over West Asia conflict | Business
05
Jun
By The Press Editor
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RBI holds repo rate at 5.25%, lowers FY27 GDP forecast to 6.6% on concerns over West Asia conflict | Business

New Delhi: The Reserve Bank on Friday kept interest rates unchanged for the second time in a row. Announcing the second bi-monthly monetary policy for the current fiscal, RBI Governor Sanjay Malhotra said the Monetary Policy Committee (MPC) has unanimously (6-0) decided to retain the short-term lending rate or repo rate at 5.25 per cent. The central bank maintained its "neutral" policy stance to balance economic growth against fluctuating inflation risks and global uncertainties.ย The interest rate pause comes even as the Consumer Price Index (CPI) based headline retail inflation has moved closer to the RBI's medium-term target of 4 per…
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Market Opening Bell: Sensex jumps 269 points, Nifty near 23,500 ahead of RBI MPC decision | Markets
05
Jun
By The Press Editor
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Market Opening Bell: Sensex jumps 269 points, Nifty near 23,500 ahead of RBI MPC decision | Markets

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a positive note on June 5, 2026, ahead of the outcome of the RBI's MPC meeting. While the 30-share BSE Sensex gained 269.93 points or 0.36 per cent to start the session at 74,629.94, the Nifty added 62.4 points to open at 23,478.95. In the last trading session, the Sensex closed at 74,360.01 and the Nifty 50 at 23,416.55. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index was up by 79.19 points, the BSE Smallcap Select…
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