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Ecom Express-Delhivery acquisition deal raises concerns among minority shareholders

Jun 6, 2025

New Delhi, June 6 (IANS) Ecom Express, once a rising star in India’s e-commerce logistics space, has gone from planning an IPO to being sold off in what many are calling a 'fire sale' -- leaving minority shareholders blindsided and independent board members furious.The inside story began to unravel during the 24th Extraordinary General Meeting…

IndusInd Bank shares jump after RBI signals stability ahead

Jun 6, 2025

Mumbai, June 6 (IANS) Shares of IndusInd Bank rose as much as 5.3 per cent on Friday, after the Reserve Bank of India (RBI) said the problems at the private sector lender are likely to settle soon.However, the stock later gave up some of…

Business

Top bankers hail RBI’s big bang measures to boost financial inclusion

Jun 6, 2025

New Delhi, June 6 (IANS) Top bankers on Friday hailed the Reserve Bank's decision to reduce repo rate by 50 basis points to 5.50 per cent and cash reserve ratio (CRR) by 100 basis points in four tranches, saying the policy move is expected…

Business

RBI to raise gold loan-to-value ratio to 85 pc for small borrowers

Jun 6, 2025

Mumbai, June 6 (IANS) Reserve Bank Governor Sanjay Malhotra on Friday said the central bank will raise the Loan-to-Value (LTV) ratio for gold loans to small borrowers of up to Rs 2.5 lakh to 85 per cent from the existing 75 per…

Business

Centre’s wheat procurement at MSP rises to three-year high

Jun 6, 2025

New Delhi, June 6 (IANS) The government has procured 29.92 million tonnes (MT) of wheat during the 2025–26 Rabi marketing season (April–June) which represents a 13 per cent increase over the corresponding figure for the same period of the…

Business

Bharti Hexacom shares fall over 3.5 pc after Motilal Oswal downgrade

Jun 6, 2025

Mumbai, June 6 (IANS) Bharti Hexacom's shares dropped over 3.5 per cent to Rs 1,810 on Friday during the intra-day trading session on the National Stock Exchange (NSE), after brokerage firm Motilal Oswal downgraded the stock from a 'Buy' to…

Business

RBI reduces inflation forecast to 3.7 pc for 2025-26

Jun 6, 2025

Mumbai, June 6 (IANS) The RBI has revised its inflation outlook for 2025-26 downwards from the earlier forecast of 4 per cent to 3.7 per cent, Reserve Bank Governor Sanjay Malhotra said on Friday.Taking all these factors into consideration,…

Business

RBI pegs India’s GDP growth at 6.5 pc for 2025-26

Jun 6, 2025

Mumbai, June 6 (IANS) The RBI has projected India’s GDP growth at 6.5 per cent for 2025-26, with domestic economic activity showing resilience on the back of a strong agriculture sector, industry picking up, and the services sector expected…

Business

10K Atal Tinkering Labs in last 11 years fuelling innovation from schools: Nirmala Sitharaman

Jun 6, 2025

New Delhi, June 6 (IANS) Ten thousand Atal Tinkering Labs have been established in the country in the last 11 years, said Finance Minister Nirmala Sitharaman on Friday.In a post on social media platform X, Sitharaman said that Atal…

Business

RBI booster: EMIs, tenure set to come down for home loan borrowers

Jun 6, 2025

New Delhi, June 6 (IANS) The jumbo 50 bps rate cut by the Reserve Bank of India (RBI) will directly benefit home loan borrowers, especially existing ones, by reducing their interest burden, experts said on Friday.The decision comes at a…

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