Business

[ad_1] Chenab bridge, which is the world’s highest railway arch bridge, has also been thrown open to railway traffic as part of the inauguration. USBRL, Chenab bridge inauguration: Prime Minister Narendra Modi has inaugurated a key section of the Udhampur–Srinagar–Baramulla Rail Link (USBRL) project in Jammu & Kashmir. With today’s inauguration, Kashmir has finally been connected to the rest of India by an all-weather Indian Railways line.Notably, the Chenab bridge, which is the world’s highest railway arch bridge, has also been thrown open to railway traffic as part of the inauguration. Also, this stretch also has the Anji Khad bridge, which is Indian Railways’ first cable-stayed bridge.PM Modi flagged off two Vande Bharat Express train services between Katra and Srinagar. These trains will connect Shri Mata Vaishno Devi Katra and Srinagar railway stations through the Chenab bridge. The entire USBRL […]

[ad_1] Vijay Mallya appeared in a podcast. NEW DELHI: Vijay Mallya, the prominent business figure, extended an uncommon public apology regarding Kingfisher Airlines' downfall, whilst firmly rejecting theft accusations and explaining his absence from India.Making an appearance in a lenghthy four-hour podcast with Raj Shamani, Mallya accepted responsibility for the collapse of the airline that once represented his distinctive business approach and said, "I apologise to everyone for the failure of Kingfisher Airlines."During the podcast, Mallya expressed willingness to consider returning to India under specific conditions. "If I have a fair assurance of a fair trail and dignified existence in India, I will think about it (returning to India) seriously." Responding to financial wrongdoing claims, Mallya said, "You may call me a fugitive, but I didn't run away. I flew on a prescheduled visit. Fair enough, I didn't return for […]

[ad_1] MUMBAI: In a move that jolted markets and defied expectations, the Reserve Bank of India cut its benchmark policy rate by 50 basis points and announced a Rs 2.5 lakh crore liquidity infusion via a 100 basis point reduction in the cash reserve ratio (CRR). The CRR cut reduces the portion of deposits banks must park with the central bank, effectively freeing up funds to support credit growth.Governor Sanjay Malhotra framed the dual action as a response to shifting macroeconomic conditions, stating that the evolving growth-inflation dynamics warranted “not just continued policy easing, but also front-loading the rate cuts to support growth.”The surprise rate cut came as inflation projections were revised downward. Consumer price inflation for FY26 is now expected to average 3.7%, compared to an earlier forecast of 4%. Yet the central bank maintained its full-year GDP growth […]

[ad_1] The RBI has now cumulatively cut the repo rate by 100 basis points since the start of this year. (AI image) RBI MPC Meet: RBI governor Sanjay Malhotra surprised everyone pleasantly by cutting the repo rate by a larger-than-expected 50 basis points. Experts had widely predicted a 25 basis points rate cut, barring exceptions like SBI and Morgan Stanley who had anticipated a front loading of repo rate cut. With today’s cut, the repo rate now stands at 5.5%, down from 6%. The RBI has now cumulatively cut the repo rate by 100 basis points since the start of this year. This means good news for borrowers since home loan EMIs are expected to come down substantially over the course of the year as the full benefit of the 100 bps cut is passed on by banks.Why did RBI […]

[ad_1] Gold's recent price action indicates exhaustion at higher levels, creating an ideal setup for contrarian traders. (AI image) Gold price prediction today: Gold prices have been rising, but are also below their record low. Gold rate rise is showing signs of exhaustion. Where are MCX Gold prices headed and what should investors do? Should they buy or sell gold? Here's the analysis from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities:Gold Market OverviewMCX Gold June 2025 contract is expected to open slightly higher around ₹98200 levels on Friday, following mixed global cues. However, the 30-minute chart reveals critical resistance zones that suggest any upward move should be viewed as a selling opportunity. The precious metal's recent price action indicates exhaustion at higher levels, creating an ideal setup for contrarian traders. Technical Analysis: 30-Minute TimeframeCurrent Market Structure: […]

[ad_1] JP Morgan has an overweight rating on Reliance Industries with a price target of Rs 1,568. Analysts feel that RIL’s Earnings in the next two years should be better than the last two. They said that RIL’s stock price has felt the pressure of large earnings cuts driven by weaker commodity EBIT (earnings before interest and taxes). This should not recur (given the already low margins). Consumer business growth should translate better to bottom-line, helping relative performance.Motilal Oswal Financial services has downgraded Bharti Hexacom to neutral with the target price at Rs 1,900 as analysts feel the risk-reward for the stock is no longer attractive. They said that since they started their coverage of the stock in Mar ch 2-25, the stock has delivered 40%+ returns. Given that Bharti Hexacom provides a pure-play exposure to Bharti's fast-growing India wireless […]

[ad_1] Investor confidence appears shaken, resulting in substantial paper losses for Musk's personal Tesla shareholding, dropping $20 billion in a single day. (AI image) Tesla share price crash: Elon Musk and Donald Trump’s escalating spat has wiped out a whopping $150 billion from Tesla’s market cap. Tesla's share price crashed over 14% as shareholders hastily sold their positions during an escalating verbal dispute between the US President Donald Trump and the Tesla CEO Elon Musk, who is currently the wealthiest individual globally. The day's trading concluded with Tesla's market value reduced by $150 billion, an amount that exceeds the total market capitalisation of Starbucks and several other major US-listed corporations!Following Donald Trump's election, investors poured vast sums into Tesla shares, prioritising political considerations over financial performance.The consequences of this strategy became evident on Thursday when within three hours, the situation […]

[ad_1] BRESCIA: Commerce and industry minister Piyush Goyal on Thursday suggested an exclusive Italian enclave, complete with schools and hospitals, in one of the industrial towns as he sought to woo investors to set up businesses in the country.Goyal said the industrial town in Chhatrapati Sambhajinagar, where Maharashtra govt is eyeing an expansion over 5,000 acre, or proposed one near Dighi port could be dedicated for the purpose. Besides, he said Italian companies could decide to set up the enclave in other industrial towns that are coming up, including in South India and places such as Gaya."You can have all the social infrastructure so that your engineers, managers who come to India feel at home. You can have your own schools, hospitals, hotels and restaurants," he said, while addressing Italian companies here. In the past, govt has sought to woo […]

[ad_1] India and Italy on Thursday said a meeting will shortly be held in Mumbai to push forward India-Middle East-Mumbai Economic Corridor, which has been affected by the tension in West Asia. Commerce & industry minister Piyush Goyal said issues around financing and other aspects will be discussed. [ad_2] Source link

[ad_1] CHENNAI: Just three years after he was appointed MD of TVS Motor, 36-year-old Sudarshan Venu is all set to take over as chairman of the company. TVS Motor has announced that its board has "unanimously" named Sudarshan Venu as "incoming chairman of the company." Effective August 2025, Sudarshan Venu will be appointed CMD of TVS Motor. [ad_2] Source link