Moody's Ratings has reduced India's GDP growth forecast for 2026 to 6 per cent, citing subdued private consumption, capital formation, and industrial activity due to higher energy costs and global uncertainties.
Indian benchmark equity indices Sensex and Nifty surged in early trade, driven by a sharp correction in crude oil prices below USD 100 per barrel and a rally in global markets, fuelled by improving sentiment surrounding US-Iran negotiations.
'Unfortunately, today most ministers are busy with either election duty or praising duty. They are not interested in serving duty.' 'Ministers have become relaxed like retired people still holding onto jobs.' 'Look at how the NEET paper leaked. But there is no accountability.' 'After 12 years, they have become saturated. They are short of ideas.'
Indian benchmark indices Sensex and Nifty closed lower, snapping a two-day rally, as a spike in crude oil prices, triggered by reports of fresh US military operations in southern Iran, dampened investor sentiment and reignited fears of renewed energy supply disruptions.
Indian stock market benchmark indices closed higher, driven by strong performance in blue-chip bank shares and a positive trend in global markets, with hopes of progress in US-Iran peace negotiations also contributing to optimism.
Male central government employees are entitled to 15 days under service rules and provisions in the private sector depends on the company's policy.
Delhi Police have busted a Pakistan-backed ISI-underworld terror module, arresting eight suspected operatives planning attacks in Delhi, Mumbai, Punjab and Chandigarh.
The Confederation of Indian Industry (CII) has urged the Indian government to gradually restore the Rs 10-per-litre cut in special additional excise duty on petrol and diesel over six to nine months. This move aims to relieve pressure on government finances as crude oil prices stabilise, without significantly impacting consumer sentiment.
Sanjay Gupta, a 1988-batch IAS officer, has been appointed as the chief secretary of Himachal Pradesh amidst allegations of corruption, sparking controversy and criticism from opposition parties.
Ashok Lahiri, a distinguished economist with experience in government, the private sector, and electoral politics, has been appointed as the new Vice-Chairman of NITI Aayog, tasked with strengthening India's reform trajectory and policy-making.
The CBI has filed a chargesheet against Sequel Buildcon Private Limited for allegedly cheating homebuyers and siphoning off funds issued by PNB Housing Finance for a Noida-based project.
The Bharatiya Janata Party (BJP) has appointed Harsh Malhotra as the president of its Delhi unit, sparking speculation about an imminent reshuffle of the Union Council of Ministers. This move follows the BJP's 'one person, one post' principle and comes as the party prepares for upcoming elections and a review of ministerial performance.
A social media post allegedly linked to the Lawrence Bishnoi gang has claimed responsibility for a firing incident outside the residence of Punjabi actor-singer Diljit Dosanjh's manager in Haryana's Karnal.
Work has commenced on restoring the North and South Blocks to their original design, paving the way for the Yuge Yugeen Bharat National Museum project, with a target completion date for the first phase set for 2028.
A readout by the US said the agreement marked a milestone in the strategic partnership between the two nations to ensure that the foundational elements required for advanced technology and energy are available within trusted networks.
The new Index of Industrial Production (IIP) series, which shifts the base year from 2011-12 to 2022-23 and is scheduled for release on June 1, will, for the first time, track rare earths and minor minerals, piped natural gas (PNG), and water supply, sewerage and waste management.
'Wipro's challenge is not lack of ideas. In fact, some of its recent structural moves are arguably bolder than peers.' 'The problem is proving it can operationalise these bets faster and more consistently.'
IBM and Yotta Data Services have announced a partnership to deliver an agentic artificial intelligence (AI) platform for enterprises and government organisations in India, leveraging IBM WatsonX Orchestrate and Yotta's Shakti Cloud.
State-owned Life Insurance Corporation of India (LIC) has reported a net profit of over Rs 23,400 crore for the January-March quarter, making it the highest profit-making firm in the Indian financial sector during this period, surpassing major banks like SBI and HDFC Bank.
The upcoming Tata Sons board meeting in June could possibly throw some light on several critical issues that may have a bearing on the future of the corporate behemoth.
Byju Raveendran, founder of the embattled edtech firm Byju's, has been sentenced to six months in jail by a Singapore court for contempt of court over alleged non-compliance with disclosure orders, a ruling he described as "procedural" and plans to appeal.
HDFC Bank's shares experienced a dip on Wednesday after a newspaper report alleged that the bank made illegal payments to the Maharashtra State Road Development Corporation to secure large deposits, raising concerns about corporate governance.
India's mergers and acquisitions (M&A) market is projected to maintain an annual run-rate of approximately $200 billion, evenly split between domestic, inbound, and outbound transactions, despite global geopolitical turbulence, according to Rajesh Singhi, global co-head, M&A Advisory, Standard Chartered Bank.
CPI(M) General Secretary M A Baby and other Left leaders were detained by Delhi Police during a protest against ED searches at former Kerala CM Pinarayi Vijayan's residence. The CPI(M) alleges excessive force was used, while police state around 50 protesters were detained and released.
'OMCs are incurring losses of Rs 1,000 crore per day due to the West Asia crisis.'
Punjab Finance Minister Harpal Singh Cheema has condemned the recent blasts in Amritsar and Jalandhar, calling them a deliberate attempt to spread terror and disrupt the state's peace. He accused the BJP of trying to create an atmosphere of fear and division for political gains ahead of elections.
After spending 31 months in Chennai's Puzhal prison, Ahmed Buhari is finally breathing free, as courts across the country quashed proceedings linked to his group company Coastal Energy.
The Sri Lankan government attributes the sharp depreciation of the rupee against the US dollar to the ongoing conflict in West Asia, citing increased costs for essential imports like gas, fertiliser, and oil.
Businesses may eventually have to file returns largely based on invoices uploaded by suppliers, with limited scope for manual changes.
Amid the arithmetic of subsidies, consumption and capacity, whichever government assumes office in Tamil Nadu after May 4 is likely to inherit a growing debate over how far the state can continue to expand welfare promises without placing additional strain on public finances and the power sector.
Cricket Australia chief executive Todd Greenberg said fears that private investment in the Big Bash League (BBL) could lead to the tournament ceding control to Indian Premier League (IPL) franchise owners are overblown.
The Competition Commission of India (CCI) has approved the acquisition of a stake in AI acceleration cloud provider Neysa Networks by Blackstone-backed private equity funds and other investors, following Neysa's announcement of a USD 1.2 billion capital raise.
Start SIPs early, increase investments steadily, and let compounding beat inflation to secure retirement wealth, says Ramalingam Kalirajan
A political controversy has erupted in Tamil Nadu after the Tamil invocation song was rendered last during the swearing-in of new ministers. Left parties have criticised the decision to sing the Tamil anthem after Vande Mataram and the national anthem.
A self-styled godman in Maharashtra's Dhule district has been arrested for allegedly strangling a woman after she resisted his sexual assault attempt and subsequently killing her male friend at his ashram.
Julian Metherell, Chairman of The Hundred franchise London Spirit, will succeed Ed Smith as the President of Marylebone Cricket Club (MCC) from October. Metherell, a long-time MCC member, was nominated by Smith and will serve a three-year term. The MCC, founded in 1787, owns Lord's Cricket Ground and governs the laws of cricket.
The Indian rupee is highly vulnerable among Asian currencies, with Barclays and MUFG warning of a potential depreciation towards 100/$ if the West Asia conflict persists, driven by widening current account deficits and elevated crude oil prices.
'Don't ask me the reasons I'm leaving. There is no reason, but deep inside, I know it's my time.'
Finance Minister Nirmala Sitharaman met with bank heads to discuss risks related to Artificial Intelligence (AI) following global concerns over Anthropic's Mythos model and its potential threat to financial systems' data security.
