A heavy rain Sunday morning did little to dispirit the thousands who gathered in the main courtyard of Tsuglagkhang, the Dalai Lama temple, to observe the 90th birth anniversary of the 14th Dalai Lama.
The Asian Development Bank (ADB) on Wednesday lowered India's growth forecast for FY26 to 6.5 per cent from 6.7 per cent on account of trade uncertainty and higher US tariffs that are expected to impact exports and investment. Despite the downward revision from the April 2025 Asian Development Outlook (ADO), India remains one of the fastest-growing major economies in the world.
The 25 per cent US tariffs, plus a penalty for Russian imports, could dent India's GDP growth by 30 basis points in the current fiscal, but the higher duty is unlikely to significantly affect India's domestic demand-driven economy, Barclays said on Thursday. If the 25 per cent tariff, announced by US President Donald Trump on Wednesday, is implemented from August 1, the effective average US import tariff on Indian goods will rise to 20.6 per cent in trade-weighted terms, as per Barclays estimates.
Tata Motors on Friday reported a 62.2 per cent decline in consolidated net profit to Rs 4,003 crore in the June quarter, impacted by volume decline across segments, drop in JLR profits due to US tariffs and high base effect due to gain from sale of discontinued operations. The auto major had posted a consolidated net profit of Rs 10,587 crore in the April-June quarter of the previous fiscal, Tata Motors Ltd (TML) said in a regulatory filing.
Having bid adieu to his stellar Test career a content man, Indian Test batting great Cheteshwar Pujara wouldn't mind a coaching stint or a role at the BCCI's Centre of Excellence in the next stage of his cricketing journey.
Bengali-speaking residents of Gurugram express fear of being targeted during a police drive to identify illegal immigrants. Authorities deny targeting specific groups, stating the drive follows central guidelines.
In a massive blow to India's medal chances, cricket, field hockey, badminton, wrestling, among others, have been dropped from the programme for the Commonwealth Games 2026 in Glasgow, which will be held from July 23 to August 2, 2026.
'Although China has been ruling over Tibet for past 75 years, it has no legitimacy.'
The Delhi high court on Friday stayed a Rs 1,140 crore angel tax demand raised by the Income Tax department from hospitality and hotel aggregator Oyo's parent company Oravel Stays Private Limited for the assessment year 2020-21. The tax demand was issued under Section 56(2) (viib) of the Income Tax Act, commonly known as the "angel tax" provision, which applies when unlisted companies issue shares at a value exceeding their "fair" market price.
Twenty-six people, mostly tourists, died in the Baisaran meadow bloodbath in Jammu and Kashmir's Pahalgam on Tuesday, April 22, 2025. The families of the victims bid an emotional farewell to their loved ones.
'Day by day we expose how soulless we have become as a society. Every day is a disappointment.'
One can only sincerely wish the Dalai Lama a very long life at the service of world peace. His presence is much required today on the planet, notes Claude Arpi, who has known His Holiness for more than half a century.
India's economy is expected to grow 6.4-6.7 per cent during the current financial year driven by strong domestic demand, even as geopolitical uncertainty poses downside risks, the newly appointed CII president Rajiv Memani said on Thursday.
The country's largest carmaker Maruti Suzuki India is recalibrating production of its upcoming model e-Vitara due to the shortage of rare earth magnets, industry sources said. The auto major is looking to produce around 8,000 units of the model by September as against the earlier stated plan of rolling out over 26,000 units during the period.
'Unless we consistently show up with the right cars, at the right time, priced fairly, we risk becoming irrelevant very quickly.'
Retail inflation declined to over six-year low of 2.1 per cent in June, nearing the RBI's comfort zone, on account of subdued prices of food items, including vegetables, driven by widespread monsoon.
Shubman Gill, Shreyas Iyer and Axar Patel smashed half-centuries as India defeated England by four wickets in the first One-Day International in Nagpur.
In Q1FY26, the bank reported fresh slippages of 8,200 crore, up 71 per cent Y-o-Y and sequentially. Of this, 7,500 crore is from the retail segment.
A look at NADA's list of suspended athletes reveals that wrestling has the second most dope offenders among all sporting disciplines in India.
England head coach Brendon McCullum believes India have arrived well-prepared and full of belief for the upcoming five-match Test series
OYO founder Ritesh Agarwal has invited name suggestions for its parent firm Oravel Stays, in a strategic move as the global travel tech platform prepares to launch its IPO and looks to have more premium segment offerings. There is a high possibility that the name chosen through the exercise may end up being the name of the premium hotels app that OYO has been working to launch in the near future, people familiar with the strategy told PTI.
Retail inflation dipped to an over six-year low of 2.82 per cent in May due to subdued food prices, remaining below the RBI's median target of 4 per cent for the fourth consecutive month, according to government data released on Thursday. Consumer Price Index (CPI)-based retail inflation was 3.16 per cent in April and 4.8 per cent in May 2024.
Today's scenes from the Maha Kumbh Mela 2025 in Prayagraj...
Passenger vehicle retail sales witnessed 3 per cent on-year decline in May with customers delaying purchases in several states due to India-Pakistan conflict and further softening of demand for entry-level models, dealers' body FADA said on Friday. The passenger vehicle registrations last month stood at 302,214 units, as compared to 311,908 units in May 2024.
'Delhi airport handles 1,450 aircraft movements per day. Of these, 114 daily movements will be cancelled during the runway upgrade.'
Tata Motors on Thursday said it has filed 250 patents and 148 design applications, its highest-ever in a single year, in FY25. The filings encompass a broad spectrum of product and process innovations, aligning with key automotive megatrends such as Connectivity, Electrification, Sustainability, and Safety (CESS), as well as emerging technologies like hydrogen-based vehicles and fuel cells, the Mumbai-based auto major said in a statement.
The mortal remains of soldier Surendra Kumar, who was martyred in the Pakistani attack on the Udhampur airbase, were consigned to flames with full military honours at his native village in the Jhunjhunu district of Rajasthan on Sunday.
Pakistan's Defence Minister Khawaja Asif on Wednesday said that the chances of conflict with India were increasing with the passage of time despite efforts by different countries to defuse the tensions between the two neighbours.
The glimpses of the "Maha Kumbh Mela", or the Great Pitcher Festival, in Prayagraj, January 13, 2025.
Heavy security has been deployed at vital installations in Delhi, including government buildings and areas with high footfalls, following Pakistan's drone attacks on Indian military sites. Police have strengthened vigil in areas with high footfalls and have canceled leaves for all Delhi Police personnel. The developments come after India swiftly thwarted Pakistan's attempts to strike military sites with drones and missiles.
Bollywood celebrities have extended support to the nation and offered prayers for the safety and well-being of the people.
IndusInd Bank on Sunday said accounting lapses in the derivative portfolio will cost the bank Rs 1,960 crore in FY25. A bank-appointed external auditor has determined cumulative adverse accounting impact on P&L at Rs 1,959.98 crore as on March 31, which is similar to the amount disclosed on April 15, IndusInd Bank said in a regulatory filing.
Deloitte on Thursday projected economic growth at 6.5-6.7 per cent for the current fiscal, as tax incentives provided in the Budget are expected to push domestic demand amid an uncertain global trade environment. Deloitte estimated India's GDP growth at 6.3-6.5 per cent for FY25 and said that the economic outlook for FY26 hinges on a delicate balance between evolving trade relations and government efforts to boost domestic consumer demand.
While a giant, it's a nimble-footed one, and is growing at a speed that even some of its private sector peers find enviable.
Between FY18 and FY24, it doubled its balance sheet. Despite being a late entrant in some segments, it has been able to grab market share, observes Tamal Bandyopadhyay.
https://www.rediff.com/business/report/why-ipo-bound-oyo-seeks-to-rename-parent-firm/20250530.htm
'Josh is such a key figure for us -- not just with his bowling, because we know it's world-class and what he does time and again -- but also as part of the bowling unit, that sort of calm head out there for everybody else to lean on.'
'Such things happen, and not everything deserves a reaction. I played and played well and that's what matters.'
In an unexpected move, the government has terminated services of K V Subramanian as the executive director at the International Monetary Fund (IMF) six months ahead of his three-year tenure. The move comes days before the IMF executive board is to consider financial aid for debt-ridden Pakistan.
Global Rating agency Moody's on Wednesday said it was reviewing IndusInd Bank's risk management capabilities, and its leadership transition, with the private sector lender grappling with accounting lapses pertaining to its derivatives transactions. "The financial impact of the derivatives losses is quite manageable considering IndusInd Bank's strong capital.
Hundreds of Naga Sadhus took a dip in the Triveni Sangam during the Maha Kumbh Mela on the occasion of Makar Sankranti.
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