India's updated consumption data helped offset the World Bank's revised International Poverty Line, reducing the global increase in extreme poverty by 125 million people.
Elon Musk's Starlink has received a crucial licence from India's telecom ministry, paving the way for its satellite internet services in the country.
Starlink had applied for the licence back in 2022, but the process was delayed due to various concerns, including national security.
The S&P BSE Sensex jumped 746.95 points to end at 82,188.99, while the NSE Nifty50 gained 252.15 points to close at 25,003.05.
The tariff hike does not apply to all countries. The United Kingdom has been excluded because of a trade agreement already in place with the US.
Banks have already begun adjusting their FD rates downward following the RBI's earlier moves since February 2025.
Elon Musk's fallout with Donald Trump cost Tesla $150 billion in a day. His gamble with power seems to be backfiring fast, and the fallout could reach far beyond the stock market.
The RBI's latest rate cut is being called a "front-loaded" rate cut, meaning the central bank is cutting interest rates earlier and by a bigger margin than usual.
If you're eyeing a home loan, car loan, or personal loan, this development could work in your favour. With banks gaining access to more funds, interest rates on loans are likely to drop, which means your monthly EMIs could reduce.
Since February 2025, the RBI has slashed the repo rate by a full 100 basis points. With this sharp reduction, it believes there's now less room left to cut rates further to support growth. So, the RBI has changed its policy stance from "accommodative" to "neutral".
The Reserve Bank of India (RBI) has reduced the repo rate by 50 basis points to 5.5%, marking the third consecutive rate cut. This decision comes amid a sharp drop in retail inflation to 3.16% in April and strong economic growth of 7.4% in the January-March quarter. The move is expected to make loans cheaper, benefiting borrowers, especially home buyers. The RBI has also changed its stance from accommodative to neutral, indicating a data-driven approach moving forward.
Stock market today: The S&P BSE Sensex was up by 731.61 points to 82,173.65, while the NSE Nifty rallied by 236.30 points to 24,987.20 as of 11:21 am.
The decision was announced after RBI Governor Sanjay Malhotra and the six-member Monetary Policy Committee (MPC) wrapped up their three-day review on Friday. This is the third consecutive rate cut, following back-to-back reductions earlier this year, including a 25-basis point cut in April.
The decision was announced after the central bank's Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, concluded its three-day meeting that began on June 4.
The S&P BSE Sensex was down by 197.18 points to 81,244.86, while the NSE Nifty50 lost 50.70 points to 24,700.20 as of 9:55 am.
Analysts predict a rate cut in RBI's MPC announcement. Gift Nifty futures were trading at 24,849.50 as of 8:30 am, indicating that Nifty50 will open above Thursday's close of 24,750.90.
Investors will have several stocks in focus as the Reserve Bank of India is expected to announce a rate cut, potentially boosting the market.
Tesla's market capitalisation fell below the $1 trillion mark and ended the day at $916 billion, its biggest single-day loss in value ever.
Tesla shares plunged 14% as the Elon Musk–Donald Trump bromance ended and their feud spilled into the open, wiping out $150 billion in market value and weighing on Wall Street despite optimism over tariff talks.
In an exclusive interview with India Today, World Economic Forum President and CEO Borge Brende talked about India's strong economic performance and projected it could become the world's third-largest economy this year.
From rising tariffs and geopolitical risks to AI-driven productivity leaps, WEF CEO Borge Brende reveals how resilience, innovation, and cautious optimism could shape the future of the global economy beyond 2025
WEF CEO Borge Brende said India is the world's bright spot but added that to stay ahead, it must double down on reforms, infrastructure, and coordination across states.
Led by GMR Aero's Delhi International Airport Limited (DIAL), the campaign invites passengers to plant seed balls containing species like Lemon, Tamarind, Gooseberry, Neem, and Peepal, all chosen for their ecological and medicinal value.
A guide to updating your registered email address for credit cards in India, highlighting the new RBI KYC norms and simplification by banks.
As the US tech giant continues to diversify its manufacturing footprint beyond China, Tata has emerged as a key ally. The group already assembles iPhones at three facilities in southern India, with one also manufacturing certain components.
Nikhil Kamath believes energy could replace money in the next decade. Here's why he thinks so.
The S&P BSE Sensex was up by 443.79 points to end at 81,442.04, while the NSE Nifty50 gained 130.70 points to close at 24,750.90.
The Employees' Provident Fund Organisation has extended the deadline for UAN activation and Aadhaar linking to bank accounts under the ELI scheme until 30 June 2025.
Freelancers can claim deductions for expenses directly related to their work. These include internet bills, rent for a co-working space, cost of software tools, professional fees, marketing and advertising costs, and travel expenses related to business, etc.
The GST Council is considering eliminating the 12% tax slab as part of efforts to streamline the tax structure, potentially moving these items to either the 5% or 18% brackets.
Dr Reddy's shares soar 3.54% after Alvotech partnership for Keytruda biosimilar, enhancing global reach in cancer immunotherapy and signaling growth potential in competitive biosimilar market.
The Department of Posts has launched DIGIPIN, a geocoded digital address system aiming to improve location accuracy and service delivery.
By approximately 10:06 am, the company's shares had risen 4.42% to Rs 256.35 on the Bombay Stock Exchange (BSE). This marks a 12% rise over the past five trading sessions and a 6% increase over the past month. However, year-to-date, the stock remains down by over 7%.
As of 12:24 pm, the S&P BSE Sensex had jumped 770.31 points to reach 81,768.56. The NSE Nifty50 was also up by 230.50 points at 24,850.60.
The S&P BSE Sensex was up 273 points to 81,271.25, while the NSE Nifty50 gained 86.55 points to 24,706.75 as of 9:29 am.
Gift Nifty futures were trading at 24,733.5 as of 8:00 am, signalling a strong start above Nifty50's previous close of 24,620.2.
An overview of stock movements on Dalal Street today, including updates on Adani Airports, Reliance Infrastructure, and more.
Volkswagen is planning to cut 35,000 jobs in Germany by the year 2030. To make the transition easier, Volkswagen is preparing severance packages for affected employees.
The S&P BSE Sensex added 261 points to end at 80,998.25, while the NSE Nifty50 was up by 77.70 points to close at 24,620.20.
India's finance ministry calls for lower energy prices to facilitate incentives for green steel production, amidst concerns over high green hydrogen costs and inflation.
