By Dipti DeshpandeThe Reserve Bank of India’s Monetary Policy Committee (MPC) in its June policy review unanimously decided to leave policy rates unchanged and retain a neutral policy stance – an outcome that was largely expected. At 5.25%, the repo rate remains below its decadal average and the levels seen in fiscal 2014 when the…
More than 100 days into the Middle East crisis, the Strait of Hormuz remains the world’s biggest shipping question mark. Iran has now signalled that the strategic waterway will reopen, but not quite as before. According to Iran’s ambassador to Moscow, the route will operate under new conditions set by Iranian and Omani authorities, including…
Rupee began the week on a negative note, with market sentiment weighed down by a stronger dollar, rising crude oil prices and escalating geopolitical tensions. On Monday, the domestic currency opened at 95.35 against the US dollar in the interbank foreign exchange market, slipping 17 paise from its previous close of 95.18.The decline comes after…
Geopolitical tensions in West Asia intensified further as military activity between Israel and Iran continued. (AI image) Stock market crash today: Nifty50 and BSE Sensex crashed in opening trade on Monday, with benchmark indices extending losses as weak global cues, relentless foreign investor selling and rising geopolitical concerns dented market sentiment.The broad sell-off erased more…
NEW DELHI: The ongoing West Asia crisis could pave the way for long-awaited reforms for India to have financially viable airlines and a sustainable aviation sector. The Union aviation ministry has “initiated a study on financially stressed airlines in India to assess structural challenges and identify measures to improve sector resilience.” It has asked airlines…
MUMBAI: A sharp deterioration in consumer sentiment alongside downgraded growth forecasts, rising inflation expectations and a weakening rupee has signalled a broad-based macroeconomic slowdown, according to the Reserve Bank’s May 2026 survey rounds, with both households and professional forecasters turning more cautious over the near-term outlook.Data from the May 2026 rounds of the Urban Consumer…
MUMBAI: The board of the Small Animal Hospital, India’s largest tertiary care veterinary facility and a cherished project of the late Ratan Tata, has been reconstituted following the exit of his close confidant Mehli Mistry, as the internal conflict engulfing Tata Trusts ripples into affiliated institutions.Sanjay Ubale, a former MD of Tata Realty & Infrastructure,…
Life Insurance Corporation (LIC) of India NEW DELHI: State-owned Life Insurance Corporation of India (LIC) is engaging with key financial regulators, including RBI and Sebi, to expand the availability of long-term investment instruments as inflows into its annuity products keep on rising, CEO and MD R Doraiswamy said.An annuity product converts an accumulated retirement corpus…
MUMBAI: Stock markets are expected to open weak on Monday on the back of the massive sell-off on Wall Street on Friday evening. As US stocks, especially the ones linked to the AI ecosystem, faced a huge sell-off, by late evening the Gift Nifty index, a proxy for Indian market for late trades, closed 1.5%…
“Indian equity markets are expected to open on a sharply negative note, with Gift Nifty trading at 23,134, down by 306 points, as Asian equities opened weak amid escalating geopolitical tensions and weakness in US technology stocks, weighing on overall risk sentiment. In the previous session, the Nifty 50 ended a range-bound session with a…
