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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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Business

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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Double-decker electric buses to boost Noida International Airport connectivity, check fare and other details | Business
04
Jun
By The Press Editor
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Business

Double-decker electric buses to boost Noida International Airport connectivity, check fare and other details | Business

Noida: Reaching Noida International Airport in Jewar will soon become easier and cheaper for residents of Noida and Greater Noida as the Noida Authority is set to launch an electric bus service starting June 15. The new facility will allow passengers to reach Jewar Airport directly by paying a nominal fare. Significantly, this route will be operated by modern double-decker electric buses. The Noida Authority has completed preparations to deploy approximately 30 electric buses in the first phase. Ten of these buses will operate exclusively on the Jewar Airport route, while the remaining buses will operate on Delhi, Ghaziabad, and…
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Uttar Pradesh to get 2 more highways, Kanpur, Barabanki among 8 districts to be connected | Business
04
Jun
By The Press Editor
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Business

Uttar Pradesh to get 2 more highways, Kanpur, Barabanki among 8 districts to be connected | Business

Lucknow: The rapid expansion of the expressway and highway network in Uttar Pradesh has doubled the state's development pace. Following the completion of the Ganga Expressway, the people of Uttar Pradesh are now in for a treat. The state will soon receive two new major highway projects. According to available information, Prime Minister Narendra Modi will soon inaugurate the Lucknow-Kanpur Expressway and lay the foundation stone for two new highway projects that will accelerate Uttar Pradesh's development. Lucknow-Kanpur Expressway The 63-kilometre-long Lucknow-Kanpur Expressway was completed at a cost of approximately Rs 4,700 crore. The expressway's most significant feature is its…
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5 financial mistakes investors should avoid during global geopolitical tensions: Details | Personal-finance
04
Jun
By The Press Editor
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Business

5 financial mistakes investors should avoid during global geopolitical tensions: Details | Personal-finance

Mumbai: Periods of geopolitical tension often trigger heightened market volatility, testing investors' discipline and decision-making. While uncertainty can create opportunities, it can also lead to costly mistakes. Here are five common pitfalls investors should avoid when navigating markets during geopolitical disruptions. 1. Avoid Over-Trading on Every Headline Geopolitical developments often lead to sharp market swings. One day, markets decline on fears of escalation; the next, they rebound on hopes of de-escalation. According to Paresh Bhagat, CIO of Veer Growth Fund (AIF), and Chairman at Mangal Keshav Financial Services, in such environments, constantly buying and selling based on the latest headlines…
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