‘Resilient economic activity’: RBI sees strong domestic momentum, global tensions cloud outlook

Economic activity in India remained resilient in May 2025 despite the dual pressures of global trade uncertainty and geopolitical tensions, the Reserve Bank of India said in its June Bulletin, citing high-frequency indicators across key sectors.“In this state of elevated global uncertainty, various high-frequency indicators for May 2025 point towards resilient economic activity in India…

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US stock market today: Wall Street holds near record highs, oil steadies as crypto gains power Nasdaq

US stocks held close to record levels on Wednesday as investors paused following two days of strong gains driven by easing geopolitical tensions and a steep fall in crude oil prices, the Associated Press reported.The S&P 500 rose 0.3%, while the Nasdaq climbed 0.6% as cryptocurrency-linked stocks rallied. The Dow Jones Industrial Average slipped by…

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Millionaire boom in India: Millionaires projected to rise 55% by 2029, outpacing Asia Pacific says BCG report

India is witnessing a sharp rise in the number of high-net-worth individuals, with the millionaire population expected to grow over 55% between 2024 and 2029—more than double the global average of 21%, according to a new report by Boston Consulting Group (BCG).Releasing its latest outlook on Wednesday, BCG said India’s financial wealth surged 10.8% between…

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Next-generation digital highway: Delhi’s Dwarka Expressway gets India’s first AI-powered smart traffic system; check top features

The ATMS implementation spans the Dwarka Expressway and a 28-km section of NH-48. India has launched its first Advanced Traffic Management System (ATMS) project on the Dwarka Expressway in Delhi on Wednesday. The initiative complies with the National Highways Authority of India’s (NHAI) latest 2023 guidelines, advancing towards intelligent and secure highways.The ATMS implementation spans…

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‘Hopefully will purchase plenty from US…’: Donald Trump says China can get Iran oil, but wants it to buy from America; will it listen?

Oil prices dropped approximately 6% on Tuesday, influenced by Trump’s remarks regarding China following the ceasefire declaration. (AI image) US President Donald Trump announced on Tuesday that China may proceed with Iranian oil purchases following the Israel-Iran ceasefire agreement, though the White House subsequently clarified this statement does not represent an easing of US sanctions.“China…

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Boost for connectivity! Pune Metro Line 2 extension approved by Cabinet; check key details

Pune is the ninth most populous city in India and the second most populated city in the state of Maharashtra. Pune Metro: In a boost for connectivity in Pune, Prime Minister Narendra Modi-led Union Cabinet on Wednesday approved the extension of Pune Metro Line 2. Information and Broadcasting Minister Ashwini Vaishnaw said that the extension…

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HDB Financial Services IPO: HDFC Bank subsidiary’s initial public offering opens; GMP at 10% – should investors subscribe?

HDB Financial Services maintains robust asset quality metrics, with GNPA at 2.49% and net NPA at 1.38%. (AI image) HDB Financial Services IPO: HDB Financial Services, an NBFC backed by HDFC Bank, opened its IPO subscription on Wednesday. The organisation seeks to secure Rs 12,500 crore in what stands as one of the largest public…

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Tata Motors strategy: JLR to start assembling luxury cars in Tamil Nadu by 2026; Rs 9,000 crore investment planned

Jaguar Land Rover (JLR), the British luxury car arm of Tata Motors, will begin assembling its premium vehicles at a new facility in Tamil Nadu by early 2026, senior executives said on Tuesday. The plant will assemble Range Rover Evoque and Velar SUVs from completely knocked down (CKD) kits, with a projected capacity of 30,000…

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Clearing NSE IPO hurdles: National Stock Exchange offers Rs 1,388 crore to SEBI; aims to settle co-location and dark fibre cases

The origins of the co-location issue trace back to 2015, when a whistleblower informed Sebi about potential manipulation within NSE’s trading infrastructure. The National Stock Exchange (NSE) has submitted two applications to Sebi, proposing to settle the ongoing co-location and dark fibre cases with a combined payment of ₹1,388 crore, setting a record for the…

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