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June 6, 2025 3:52 PM

RBI cuts repo rate to 5.5%, shifts policy stance to neutral

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) today decided to reduce the policy repo rate by 50 basis points (bps) to 5.5 per cent. Consequently, the standing deposit facility (SDF) rate under the liquidity adjustment facility (LAF) shall stand adjusted to 5.25 per cent and...

June 6, 2025 12:16 PM

Tesla shares see stark slump, wiping out nearly $150 billion

Shares of Tesla have seen a stark slump amid a public feud between President Trump and Elon Musk. At the Nasdaq exchange, Tesla's shares wiped out nearly 150 billion dollars from its market cap, its biggest single-day loss in value ever.   The rift between the two originated after President T...

June 5, 2025 8:39 PM

Oil prices up

Oil prices edged higher today, after falling the previous day. Brent Crude was trading 0.42 per cent higher at 65 dollars and 13 cents per barrel. WTI Crude was 0.30 per cent up at 63 dollars and four cents per barrel, when reports last came in. ...

June 5, 2025 3:53 PM

RBI invites authors to write books in Hindi on Economics, Banking & finance

The Reserve Bank of India has launched a ‘Scheme for Writing Books Originally in Hindi on Economics, Banking and Financial Subjects’ to encourage original writing and research in Hindi on these themes. Under this scheme, working or retired professors, including Assistant and Associate Profess...

June 5, 2025 6:30 PM

Most Asian markets end in gain, European markets trade in green

 Barring Japan’s Nikkei 225 index, most other Asian markets closed with gains today. South Korea’s KOSPI extended gains from the previous session to close 1.47 per cent up. Hong Kong's Hang Seng index gained 1.06 per cent, Singapore's Strait Times index settled 0.35 per cent up, and China's Sha...

June 2, 2025 5:32 PM

Country witnesses steady growth in overall coal production

India’s coal production and dispatch witnessed steady growth in May 2025, compared to the same period last year. In a statement, the Ministry of Coal said that the overall coal production in the country during May 2025 reached 86.24 metric ton (MT), marking an increase over the 83.96 MT produced...

June 2, 2025 8:26 AM

India’s GST collections in May surge over 16% to ₹2.01 lakh crore

India’s gross Goods and Services Tax, or GST, collection crossed the 2 lakh crore rupees mark for the second consecutive month in May. According to data released by the Union Ministry of Finance, gross GST collection in May stood at 2.01 lakh crore rupees, which is 16.4 per cent higher in comparis...

June 1, 2025 5:03 PM

FPIs Infuse ₹38,475 Crore into Indian Markets in May

Continuing their positive momentum in Indian markets for the second consecutive month, foreign investors pumped nearly 40,000 crore rupees into the Indian capital market in May. According to depository data, Foreign Portfolio Investors, or FPIs, injected 19,860 crore rupees into Indian equity mark...

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