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June 01, 2024

Indian-American Bruhat Soma wins National Spelling Bee

Bruhat Soma, a 12-year-old IndianAmerican seventh-grade student from Florida, has won the Scripps National Spelling Bee after he spelt 29 words correctly in the tiebreaker, maintaining the dominance of the children from the small ethnic community in the prestigious competition.

1 min

Charging ahead

Chandra tells SOHINI DAS why he is determined to focus on net carbon zero rather than lose track to distractions

5 mins

WIND BENEATH INDIGO'S WINGS

Turboprop planes have helped IndiGo rule the regional aviation network for the last five years. And there might be more coming

4 mins

S&P may raise ratings if fiscal glide path stays

Says will closely observe India's policy for 2 yrs

2 mins

Georgia reaches out to India to begin FTA talks

Georgia, the Southern Caucasus country, has reached out to India to start negotiations for a free-trade agreement (FTA), said a person aware of the matter.

1 min

States hit 84% of FY24 capex target

The provisional accounts of 25 states for the financial year 2023-2024 (FY24) showed they achieved 84 per cent of the budgeted capital expenditure, with four states Uttar Pradesh, Telangana, Bihar, and Sikkimspending 100 per cent or more than the targeted amount, according to data compiled by the Comptroller and Auditor General of India (CAG).

1 min

Tata Capital eyes 35% rise in FY25 retail loans

Tata Capital expects its retail loan portfolio to grow 35 per cent in the financial year 202425 (FY25) - slightly slower than the previous year due to a high base effect and a slowdown in personal loans due to regulatory action, said a senior executive of the company.

1 min

NIFTY SEES RARE DECLINE AFTER 3 MONTHS OF GAIN

The benchmark Nifty ended May with a decline of 0.3 per cent, snapping its three-month winning streak, amid heightened volatility.

1 min

After rally, NMDC stock to price in positives

NMDC, the country's largest ironore miner, posted a consolidated revenue in the January-March quarter of FY24.

2 mins

Some economic sectors trading at ‘euphoric valuations

The Indian stock market is a mix of optimism about the economy and \"euphoria\" that is not linked to fundamentals, said analysts at Kotak Securities ahead of election results on Tuesday.

2 mins

'Markets expect NDA to form govt with a comfortable majority'

Lok Sabha 2024 election results will be announced in a few days.

2 mins

Flls turn bearish ahead of exit polls

Foreign institutional investors (FIIs) have become bearish ahead of Lok Sabha election results on June 4 and exit polls this weekend.

2 mins

Tainted promoters misusing ARCS: RBI

Asset reconstruction companies (ARCs) are acting as a front for promoters who have defaulted by bidding on their behalf in the bankruptcy process, Reserve Bank of India's (RBI's) deputy governor, M Rajeshwar Rao (pictured), has said in an interaction with the chief executives of debt recast firms.

1 min

Coal stocks at 45 mt to meet peak power demand

Coal stocks at thermal power plants continue to be more than 45 million tonnes (mt), adequate to meet the requirement for 19 days, amid peak power demand due to heat wave conditions.

1 min

Tracking rise of India's physical gold reserves

Physical gold holding of the Reserve Bank of India (RBI) stood at 822.10 tonnes as on March 31, 2024, an increase of 27.47 tonnes compared to 794.63 tonnes on March 31, 2023.

1 min

Growth of unsecured retail credit slows

The pace of growth in unsecured retail credit, loans with out collateral, and credit cards slowed sharply in April 2024, showing the impact of the Reserve Bank of India's (RBI's) steps to curb high growth in these segments.

1 min

Opec meet to shape India's Russian oil purchases as May levels stay high

The extent of India's import of cheap, discounted Russian oil, which is linked to the financial health of oil-marketing companies, led by Indian Oil, in 2024 hinges on the outcome of a meeting of some of the world's top oil-exporting nations in early June, said industry officials.

3 mins

Canara Bank to raise up to ₹8.5K cr

Lender to sell 14.5% in life insurance arm via IPO

1 min

India eyes multiple mineral pacts with African nations

Private players will be invited to take part in exploration, trade within those countries

1 min

Trump guilty on all counts

First former US prez to be convicted of a felony crime

1 min

SArabia to sell atos $12 bn worth of Aramco shares

Saudi Arabia confirmed plans to sell shares in its giant stateowned oil company in a deal that could raise as much as 44.8 billion Saudi riyals ($11.95 billion) for the kingdom, as it seeks funds to pay for a massive economic transformation plan.

1 min

Japan spends record $62 bn in a month to prop up yen

Japan spent a record ¥9.8 trillion ($62.2 billion) in the last month to prop up the yen after it fell to a 34-year low against the dollar, surpassing the total amount it used in 2022 to defend the currency.

1 min

Biden allows Ukraine to hit Russia with US arms

President Joe Biden has given Ukraine the go-ahead to use American weaponry to strike inside Russia for the limited purpose of defending Kharkiv, according to three US officials familiar with the matter.

1 min

OpenAI: Stalled attempts by Israel-based firm to interfere in Indian polls

OpenAI, the creators of ChatGPT, has said it acted within 24 hours to disrupt deceptive uses of AI in covert operations focused on the Indian elections, leading to no significant audience increase.

1 min

'Will take decisive steps to stabilise banking system'

FM says the Modi government had turned banks into 'pillars of Jan Kalyan'

2 mins

Moody's sees GDP expanding 6.8% in 2024 on post-poll policy continuity

Moody's Ratings on Friday projected India to grow 6.8 per cent in the current year (2024), followed by 6.5 per cent in 2025, on the back of strong, economic expansion, along with post-election policy continuity.

1 min

Steel, electricity push Apr core sector output 6.2%

The output of India's eight key infrastructure industries expanded 6.2 per cent year-on-year (Y-o-Y) in April, aided by robust growth in sectors such as steel, electricity and natural gas.

1 min

Growth momentum may continue in FY25

India's GDP growth of 8.2 per cent in FY24 towers above several major economies, with growth momentum continuing into the first two months of FY25, sources said.

1 min

Big-bang ending for FY24

In the fourth quarter of the last financial year (Q4FY24), India's GDP grew by 7.8 per cent Y-o-Y, showcasing a continued robust performance, just shy of the 8 per cent streak of the last three quarters.

3 mins

Investment demand at 4-qtr low, consumption remains sluggish

Despite the strong capex push by the central government, gross fixed capital formation (GFCF), which is taken as a proxy for investment demand in the economy, slid to a four-quarter low in Q4 (January-March).

1 min

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The English newspaper is published from 12 centers - New Delhi, Mumbai, Kolkata, Bengaluru, Chennai, Ahmedabad, Hyderabad, Chandigarh, Lucknow, Pune, Kochi and Bhubaneswar. It is also printed from Bhopal.

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