'Deposit and lending rates have started to fall considerably. It is likely to spur investment and consumption of durables.'
Heavy overnight rains severely affected parts of the city on Monday, leading to water-logged roads, inundated residential areas and traffic pile-up, as the city braces for more spells in the coming days.
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.
Cities are managing to get more water while the majority of people live in villages - the tension is escalating.
'Take care Maa, flight take off karne wala hai, wapas aakar baat karti hoon.'
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.
The southwest monsoon season concluded on Saturday with India receiving 'below-average' cumulative rainfall -- 820 mm compared to the long-period average of 868.6 mm -- in an El Nino year.
Union Parliamentary Affairs Minister Kiren Rijiju on Wednesday underlined the government's resolve to take all political parties on board in moving an impeachment motion against Justice Yashwant Varma, saying corruption in the judiciary cannot be approached through a 'political prism'.
'The global climate system doesn't look at where the carbon dioxide is coming from. 'It may be emitted by the US, but it will not remain above the US alone but covers the whole world.'
As many as 12 flights were diverted at the Delhi airport between 3 pm and 4 pm due to adverse weather conditions, an official said.
The BJP regime, which is unable to take on the DMK, the Dravidian movement in Tamil Nadu is involved in a "cultural invasion," Siva, a Rajya Sabha MP, alleged.
K L Rahul would look to make the most of his first red-ball outing in months ahead of the upcoming Test series against England.
Bhavnagar was also one of the worst affected districts, they said, adding that more downpour is likely over the next four day in parts of the state.
On May 15, the weather office had announced the onset of monsoon over Kerala by May 31.
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.
After being pummelled by heavy downpours at the start of the week, Mumbai witnessed a brief respite on Tuesday morning, with the island city recording an average rainfall of 106 mm in 24 hours, civic officials said.
Several deaths were reported across the country due to rain-related incidents like lightning strikes and drowning.
From the Sensex firms, Tech Mahindra, Tata Steel, Tata Motors, Titan, HDFC Bank, IndusInd Bank, Infosys and Kotak Mahindra Bank were among the biggest laggards. On the other hand, Adani Ports, Mahindra & Mahindra, Power Grid, Eternal and Hindustan Unilever were among the gainers.
Movement in the equity market this week will be guided by a host of macroeconomic data announcements, global trends and trading activity of foreign investors, analysts said. Stocks markets concluded the last week on a subdued note, as investors grappled with global uncertainties.
The Mumbai Metro Rail Corporation (MMRC) was forced to suspend the operation after flooding was reported at the underground Acharya Atre Chowk station.
As pipes played and ceremonial commands echoed across the parade ground, a subtle but sharp undertone ran beneath the pride -- the knowledge that these young men may soon be called to act in a world where real-time threats blur the lines between battlefield and cyberspace.
S&P Global Ratings on Tuesday cut India's GDP growth projections to 6.5 per cent for the next fiscal as it expects that economies in the APAC region will feel the strain of rising US tariffs and pushback on globalisation. In its Economic Outlook for Asia-Pacific (APAC), S&P said despite these external strains, it expects domestic demand momentum to remain solid in most emerging-market economies.
Fada estimates that global supply chain headwinds like scarce availability of rare earth elements for electric vehicle components and geopolitical tensions may affect urban consumer sentiment in June as well.
The Union government is considering an impeachment motion against Allahabad High Court judge Yashwant Varma, who was indicted by a Supreme Court-appointed probe panel after burnt cash was found at his residence. The government is likely to consult with opposition parties before moving forward with the motion, which would require a two-thirds majority vote in Parliament.
Government sources on Tuesday said Parliamentary Affairs Minister Kiren Rijiju has begun consultations as part of efforts to get leaders of different parties on board for the impeachment motion against Varma following his indictment by a three-member probe committee constituted by the Supreme Court.
The Reserve Bank of India's (RBI) Monetary Policy Committee's (MPC) decision to cut the repo rate by 50 basis points (bps) to 5.5% was contrary to the expectations of many economists. Firstly, most of the economists expected the MPC to cut the repo rate by 25 bps citing the weakening of inflation, prospects of economic growth, geopolitical uncertainty and comfortable system liquidity.
"This year, the Southwest Monsoon is likely to set over Kerala on May 31 with a model error of four days," the India meteorological department said on Wednesday.
Lieutenant Commanders Roopa A and Dilna K from the Indian Navy have stamped India's name on the high seas.
It is in more than a decade that the IMD has predicted 'above-normal' rains in the country.
Former BCCI president Sourav Ganguly on Saturday expressed optimism about the Eden Gardens keeping its date with the 2025 IPL final
Royal Challengers Bangalore (RCB), already qualified for the playoffs, will aim to secure a top-two league stage finish when they face Sunrisers Hyderabad (SRH) in their Indian Premier League (IPL) clash in Lucknow.
The Indus system of rivers comprises the main river -- the Indus -- along with its five left bank tributaries, namely, the Ravi, the Beas, the Sutlej, the Jhelum and the Chenab. The right bank tributary, the Kabul, does not flow through India.
Domestic rating agency ICRA on Monday said Indian companies are likely to clock 7-8 per cent revenue growth during the March quarter of the current fiscal year, led by revival in rural demand and uptick in government spending. ICRA expects the private capital expenditure (capex) cycle to remain measured in view of the uncertainties around geopolitical developments and relatively subdued outlook on merchandise exports from India.
'Nobody asked us to work on this. It was on our own that we decided to embark on this journey.'
Hero MotoCorp on Tuesday posted 24 per cent increase in consolidated profit after tax at Rs 1,169 crore for the fourth quarter ended March 31, 2025 riding on higher margins backed by better product mix, parts revenue and cost effectiveness. The company had reported a consolidated profit after tax (PAT) of Rs 943 crore in January-March FY24.
How to have fun dressing up, staying home.
Hero MotoCorp is expecting its electric vehicle (EV) business to break even once it reaches monthly sales volumes of 25,000 to 30,000 units, which is a couple of years away, Chief Financial Officer (CFO) Vivek Anand said on Tuesday. "This year, in 2024-25 (FY25), if I really look at my EV performance, our volumes have grown by 200 per cent," Anand told analysts during the company's post-results conference call.
'Even today, though my hair looks different, people recognise me wherever I go. They come up and say 'Aap Maine Pyar Kiya mein thi, na?' I think it's going to follow me to the grave.'
Trading sentiment in the equity market will largely be driven by domestic corporate quarterly earnings, any update related to US tariffs and foreign fund movements this week, analysts said. Investors would also focus on world market trends, movement of global oil benchmark Brent crude and the rupee-dollar trend for further cues, experts noted.
The combined market valuation of the top-ten most valued firms jumped by a whopping Rs 3,84,004.73 crore in the holiday-shortened last week, in-tandem with a smart rally in equities, with HDFC Bank and Bharti Airtel emerging as the biggest gainers. Last week, the BSE benchmark Sensex jumped 3,395.94 points or 4.51 per cent, and the NSE Nifty surged 1,023.1 points or 4.48 per cent.
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