Hindustan Times
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Sonam Wangchuk joins Cockroach Janta Party's protest call amid NEET, CBSE rows
Minutes before the announcement, Dipke took to X saying, โthe wait is over.โ
๐ฎ๐ณ ์ธ๋ ยท "TOOK" ยท ์ด 84๊ฑด
ํํฐ ๋ณด๊ธฐํ์ฌ ์ง์
50.0
0 = ๋ถ์ ์ฐ์ธ
50 = ์ค๋ฆฝ
100 = ๊ธ์ ์ฐ์ธ
์ต๊ทผ 7์ผ ๊ธฐ์ค 6,116๊ฑด์ ๋ถ์ํ ๊ฒฐ๊ณผ, ๋ด์ค ์ฌ๋ฆฌ์ง์๋ 50.0(๊ท ํ)์ ๋๋ค. ๊ธ์ 0๊ฑด(0.0%)ยท์ค๋ฆฝ 6,116๊ฑด(100.0%)ยท๋ถ์ 0๊ฑด(0.0%)์ด๋ฉฐ, ์ค๋ฆฝ ๋น์ค์ด ๋๋ ทํ๊ฒ ๋์ต๋๋ค. ์ฑํฅ ์ง์๋ ์ข ํฉ 0.0(์ค๋ ๊ท ํ)์ ๋๋ค.
Minutes before the announcement, Dipke took to X saying, โthe wait is over.โ
The election took place during the first assembly session after the Congress-led UDF returned to power and formed the government
In the sensational IPL-2026 season, young talent Vaibhav Sooryavanshi took the spotlight, smashing records left and right. Not to be outdone, the legendary Virat Kohli proved that age is just a number with his phenomenal performances on the field. Meanwhile, Rajat Patidar steered RCB to triumph, securing a remarkable second title.
Indian stock market traded in deep red on Tuesday, with Sensex and Nifty falling more than 0.5% each as renewed tensions around the Iran-US war, along with persistent FII selling spooked investors.Sensex declined over 415 points to 73,852, while Nifty 50 fell 142 points to 23,240, as seen at 9.17 am. This came even as India VIX, which measures volatility in markets, tumbled 2.5% to 16.13.Bajaj Finance shares were the top losers on the index, falling nearly 3%. Eternal, Bharat Electronics (IBEL), Bajaj Finserv, Trent, NTPC, Power Grid, UltraTech Cement and L&T followed, dropping 1-2%. Bucking the trend, IT stocks including Infosys, TCS, TechM and HCL Tech gained 1-3%.Broader markets underperformed benchmarks, with Nifty Smallcap 100 and Nifty Midcap 100 indices falling around 1% each. Sectorally, Nifty Auto, Nifty Realty, Nifty Consumer Durables and few other indices declined more than 1% each. Bucking the trend, Nifty IT gained nearly 2%. Around 887 stocks advanced on NSE, while 1,650 declined and 97 remained unchanged.The trend of sustained AI trade, new records for markets in US, South Korea and Taiwan, sustained FPI selling in India and Indiaโs underperformance are continuing with no immediate signs of reversal, said VK Vijayakumar, Chief Investment Strategist at Geojit Investments. โTo add to Indiaโs problems, the energy shock has led to downward revision of Indiaโs GDP growth and upward revision of inflation this financial year. And now we have the additional threat of the IMDโs latest projection of monsoon rains at 90% of long term average, which will have negative implications for growth and inflation,โ he added.A resolution of the West Asia conflict and the consequent dip in crude price will be a big positive, but expectations on that front have been belied and the issue continues to hang fire, the analyst explained. โIn these tough times of huge uncertainty and challenges, the ideal strategy for investors is to stick to the basics. Do proper asset allocation based on oneโs risk profile and financial goals and wait with patience,โ he further said.Iran-US war uncertaintiesIran and US traded strikes, while Israel ordered troops to move further into Lebanon in its battle with the Tehran-backed โHezbollah militant group. The renewed tensions in the Middle East, after Washington โ hosted Israel-Lebanon peace โtalks on Friday, dimmed hopes that the US and Iran could soon announce an extension to their ceasefire, which continues to grow fragile.US President Donald Trump meanwhile took to Truth Social on Monday evening, saying that he persuaded Prime Minister Benjamin Netanyahu to call off the strike on Beirut, following which the Israeli leader "turned his troops around". "I had a conversation with Bibi Netanyahu today (Monday), asking him not to go into a major raid of Beirut, Lebanon. He turned his Troops around. Thank you Bibi," he said, referring to the Israeli prime minister by his widely used nickname.Trump said on Friday he would soon decide on โ a proposed deal to extend a ceasefire announced in early April. Israel would be key to any such deal, and Iran has said repeatedly that Hezbollah and Lebanon must be included. The US has proposed a "gradual de-escalation" plan, a US official said on Sunday.Oil prices riseBrent crude futures neared $95 per barrel mark while WTI Crude futures neared $92 per barrel as a result of the recent escalations. This comes after Brent and WTI Crude dropped 19% and 17% in May, recording their biggest monthly fall in absolute terms since March 2020 when the COVID-19 pandemic slashed energy demand.The rising military strikes in the geopolitically fragile Middle East raised worries over the prolonged closure of the Strait of Hormuz, a narrow 33-kilometre waterway connecting the Persian Gulf with the Gulf of Oman that handles over 20% of the worldโs daily oil and gas shipments.FII selling continuesForeign investors remained net sellers of Indian equities, net selling shares worth nearly Rs 3,912 crore on Dalal Street on Monday. This came after a massive Rs 22,102 crore selloff in just one session on May 29. Notably, South Koreaโs equity market has overtaken Indiaโs as the worldโs sixth largest, driven by a relentless surge in chip heavyweights powering the global artificial intelligence buildout.(With inputs from agencies)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
The arrests took place in Majuli, a river island district in Assam, following a criminal complaint filed by the girlโs family on Sunday.
Vaibhav Sooryavanshi took responsibility for Rajasthan Royals' IPL 2026 Qualifier 2 defeat, admitting they were 10-12 runs short against Gujarat Titans. The 15-year-old felt he should have kept more of the strike on a difficult pitch instead of exposing new batters. Despite the heartbreak, Sooryavanshi enjoyed a sensational season, finishing as IPL 2026's highest run-scorer with 776 runs.
The Education ministry said its office is located at Kartavya Bhavan-2 on Dr Rajendra Prasad Road in New Delhi, while the fire incident took place near ITO.
Police said that a long-standing rivalry between two families had led to the murders on May 29, which took place on the land of a man who had been murdered some years ago
Market volatility took center stage following a sharp late-Friday sell-off triggered by MSCI rebalancing and global cues. While cautious sentiment prevails, Anand James, Chief Market Strategist at Geojit Financial Services, highlights critical Nifty support levels that could prevent further damage. In this exclusive interview, he breaks down the June series rollover data, IT sector resilience, and top stock picks.Edited excerpts from a chat:The sell-off seen in the last 30 minutes on Friday has scared traders as to what could be in the offing on Monday morning. What do you think?IMDโs below-normal monsoon forecast and uncertainty over US-Iran talks in the backdrop gave an ominous feel to the drop that unfolded towards Fridayโs close. However, the steepness of the fall is apparently due to MSCI rebalancing, with futures and options segment appearing reluctant to match such move. Nevertheless the large red candle registered on Niftyโs chart needs to be acknowledged, and we will start the new week on a cautious note. That 23500 was defended, gives us reason to be optimistic, but slippage past the same, or inability to reclaim the 10 day SMA near 23750 will confirm bearishness calling for 22800.Nifty has been seeing profit booking at higher levels in last few weeks. What does the rollover data indicate for the June series?The rollover data for June series suggests a cautious to mildly negative undertone despite selective strength. Niftyโs rollover dropped to 69.98% in May, below the 3-month average of 73.05%, indicating reduced willingness to carry forward positions, likely reflecting profit booking at higher levels. Similarly, Bank Nifty rollover moderation points to some cooling in conviction within the heavyweight banking segment.Market breadth has weakened as well, with only 52% of stocks closing positive vs 91% in April, highlighting broader profit-taking pressure. While strong rollovers in select sectors like Oil & Gas, Metals, Power and Infra signal pockets of resilience, weakness in Pharma, Healthcare, and Transportation suggests lack of uniform participation.Although long buildup was visible in Telecom, Capital Goods, and Pharma, the early trend in June appears cautious. Importantly, banks-despite prior long build-up-have started the June series on a weak footing, with heavyweights like SBI and HDFC Bank under pressure, which could weigh on Nifty due to their high index weight.Nifty IT is showing signs of resilience even during sell-off. What are the charts indicating at?The Nifty IT index is showing early signs of a trend reversal after a prolonged corrective phase. On the daily chart, the formation of an inverted head and shoulders pattern suggests a base-building process, with prices currently hovering near the neckline zone around the 29,500-29,600 region. A sustained move above this level could confirm a breakout and trigger momentum towards higher resistances.On the higher timeframe, the weekly MACD is on the verge of a bullish crossover, indicating a potential shift from bearish to positive momentum. This aligns with improving price structure and supports the medium-term recovery thesis.From a longer-term perspective, the monthly candlestick is forming a pin bar Doji, typically seen near inflection points, highlighting rejection of lower levels around the 27,000-28,000 zone and signaling demand absorption.However, confirmation is key. Immediate support lies near 28,000, while a decisive breakout above the neckline could open upside towards 31,000-32,000. Failure to sustain above key resistance may keep the index range bound.HFCL was among the top gainers of the week. Do you see signs of the momentum continuing in the week ahead?Long wicked candle on Friday, with a close above upper bollinger band point to a mix of strong trending nature and emerging cautiousness. Oscillators appear reluctant, but are yet to confirm an impending collapse. With these in the backdrop, longs may be held on to, but ideally with a stop loss placed near 168.Natco Pharma fell 14% on Friday after weak Q4 results. Do you see signs of bottom-fishing emerging in the coming week?Yes. The single day red candle which has resulted in a break of structure, is likely to be followed by bottom fishing and a pull back rally that could extend 3-4%. However, we do not see enough signs to indicate that such pull back attempt could sustain.Give us your top ideas of the week. INDIANB (LTP: 833)View: BuyTarget: 930SL: 790 Indian Bank continues to maintain a structurally strong uptrend on the weekly chart, characterised by a series of higher highs and higher lows since early 2024. The recent profit booking since April seems to have found a support near 800 healthy consolidation after a sharp rally, with the stock holding firmly above the 780-750 support zone, which now acts as a strong demand base.Despite the recent pullback from near 1000 levels, the correction appears time-wise rather than price-destructive, suggesting profit booking rather than trend reversal. The presence of a rising support trendline reinforces the bullish structure.Momentum indicators are cooling off from overbought levels, which is constructive in a trending market. The RSI is stabilising near the mid-zone, providing room for a fresh upside leg, while MACD is approaching levels where a potential bullish crossover on lower drawdown could emerge.SHYAMMETL (LTP: 973)View: BuyTarget: 1080SL: 930 Shyam Metalics is exhibiting a strong bullish breakout from a descending trendline on the weekly chart, indicating a potential resumption of the broader uptrend after a period of consolidation. Price has decisively moved above the 950-960 resistance zone, which also coincided with prior swing highs, adding conviction to the breakout.The structure reflects higher lows formation, suggesting steady accumulation. Momentum indicators are turning supportive with RSI trending upward above the mid-zone, while MACD has delivered a bullish crossover with rising histogram, reinforcing improving momentum. Weekly Supertrend breakout adds to positivity. Volume expansion near the breakout area further validates buyer participation and strengthens the breakout reliability. Additionally, price holding above short-term supports near 930 indicates a favorable risk-reward setup.As long as the stock sustains above the breakout zone, it is well-positioned to extend its upward move towards the 1080 target.
Royal Challengers Bengaluru secured the IPL 2026 title and a โน20 crore prize. Gujarat Titans finished as runners-up, earning โน13 crore. Rajasthan Royals received โน7 crore for their third-place finish. Sunrisers Hyderabad took home โน6.5 crore. The total prize pool for the four playoff teams was over โน46.5 crore, concluding a successful season.
For Gujarat Titans, this was supposed to be Ahmedabad's night.Instead, it became an Ahmeda-bad evening for Shubman Gill's men.Also Read: RCB win IPL for 2 straight years, but this player has created a hat-trick of winsOn a stage draped in blue, in front of a crowd willing the home side towards a second IPL crown, Royal Challengers Bengaluru once again arrived like champions who no longer carry the burden of history. They carried certainty. They carried belief. And, as they have so often over the last two seasons, they carried Virat Kohli.Chasing a modest but tricky 156, RCB were never reckless. They were relentless. Kohli, the grandmaster of the chase and the heartbeat of this franchise, produced yet another knockout innings, crafting a half-century that sucked the anxiety out of the contest and the hope out of Gujarat's defence. It was not his most explosive knock. It did not need to be. It was a classic Kohli pursuit โ measured, intelligent and utterly inevitable.The numbers will show another fifty. The final will remember much more than that.For a franchise that spent nearly two decades being cricket's great unfinished story, this felt like the final confirmation that last year's title was not an emotional one-off. This is now a team that understands how to win the biggest games. Two titles in two years is not a breakthrough. It is the beginning of a legacy.Yet Gujarat refused to make it easy.After being restricted to 155, a total that always felt 20 runs short on a placid Ahmedabad surface, the Titans fought with the stubbornness that has defined much of their short IPL history. Rashid Khan, magnificent as ever, dragged the contest deeper than it deserved to go. His spell was a reminder that class survives even when the scoreboard does not cooperate. Every wicket he took briefly reignited belief. Every dot ball lifted the noise levels.Also Read: Rohit, Dhoni, Hardik: When IPL's biggest names couldn't deliver this seasonAnd then there was Rajat Patidar โ the quiet captain who has turned Royal Challengers Bengaluru from cricketโs great underachievers into a title machine.A year after leading RCB to their long-awaited maiden IPL crown, Patidar is set to script history again, becoming only the third captain after MS Dhoni and Rohit Sharma to guide a franchise to back-to-back IPL titles. If last season was about breaking an 18-year curse, this one has been about building a champion's mentality.Patidarโs numbers do not scream for attention, but his captaincy has. RCB topped the league stage, steamrolled Gujarat Titans in Qualifier 1, and entered the final carrying the assurance of a side that no longer panics under pressure. The 31-year-old has fostered a dressing-room culture built on clarity and calm, repeatedly insisting throughout the season that every game was โjust another matchโ despite the mounting expectations around a title defence.His fingerprints were all over the campaign. Whether it was trusting Josh Hazlewood in crunch overs, backing Krunal Pandya's experience on spin-friendly surfaces, or ensuring Virat Kohli could play the anchor's role without the burden of forcing the pace, Patidar's tactical calls consistently landed. Most importantly, Patidar has managed something few RCB leaders before him could: he has made the franchise feel bigger than its baggage. For years, RCB were defined by near-misses, heartbreaks and dependence on individual brillianceBut Gujarat's bowlers were left carrying a burden that should never have been theirs alone.The real disappointment lay with the batting.Too many starts disappeared. Too many big names drifted through the final without leaving a mark. At no point did the innings gather the momentum expected from a side stacked with stroke-makers and match-winners. The scoreboard moved, but never surged. The pressure remained, and RCB's attack, led by the discipline of Josh Hazlewood and the control of Krunal Pandya, squeezed relentlessly.By the halfway mark, the script already felt familiar.RCB had been the better side for most of the season. They entered the final as favourites. They played like favourites. And when the moment arrived to finish the job, they handed the chase to the one man who has spent nearly two decades making impossible pursuits look routine.Kohli has worn many labels across his career โ superstar, run machine, icon, leader.On nights like these, one title fits best- King Kohli.And with another IPL trophy glistening under the Ahmedabad lights, his kingdom just got bigger
Four ministers took the oath on MaY 9.
When the temple car took a sharp left turn during procession, two young men who were closer to the back wheel of the temple car got stuck between the wheel and the wall of the building where the temple car is usually stationed.
On May 12, 2026, Himanta Biswa Sarma took oath as Chief Minister along with four other Ministers
The attack on Abhishek Banerjee took place in Sonarpur of South 24 Parganas district of West Bengal, while he was in the area to meet one of the victims of post-poll violence.
The latest increase took cumulative hikes since May 15 to nearly โน7.5 per litre.
NEW YORK: Businesses big and small have started receiving tariff refunds after the U.S. Supreme Court ruled that President Donald Trump lacked the constitutional authority to impose higher import taxes on goods from nearly every other country.The process could grind to a halt, however, after the Trump administration said Friday that it intended to appeal a federal judge's order to allow all companies that paid the invalidated duties to seek refunds, not just the ones that filed lawsuits.Until the Department of Justice informed the judge of its planned appeal, the refund system overseen by U.S. Customs and Border Protection had been working fairly smoothly. Refunds reached the bank accounts of the first successful applicants on May 12, about three weeks after importers and their customs brokers could start submitting claims through an online system, according to CBP.Applications for refunds totaling $85 billion - more than half of the $166 billion the agency estimated the government owes to companies that paid the tariffs on imported goods - were accepted for processing as of May 22, CBP reported in a legal filing earlier in the week. It said it had so far directed the Treasury Department to issue $20.6 billion in refunds.Also read | US probes Reid Hoffman group over funding lawsuits against Trump, source saysThe administration revealed its appeal preparations while objecting to a demand by Judge Richard K. Eaton for CBP Commissioner Rodney Scott to appear in the U.S. Court of International Trade to answer questions about how long it would take to repay all 330,000 importers that might be eligible for refunds. The judge scheduled a June 9 hearing on why he shouldn't require the government do whatever it takes to speed up the process.Justice Department lawyers asked Eaton to allow one or two of Scott's deputies to appear in his place, arguing that as a high-ranking presidential appointee, the CBP chief could not be compelled to testify. They also argued that Eaton exceeded his authority when he determined in March that the Supreme Court's ruling entitled "all importers of record'' to refunds."For that reason, defendants intend to appeal the court's universal injunction," the lawyers wrote, adding that CBP would continue to move "as quicky as it can to process refunds in a phased approach" for businesses that filed legal complaints asserting their rights to refunds.In a written reply, Eaton said he needed to hear directly from Scott whether the government would return all of the money it collected between when Trump put what he called "reciprocal" tariffs on most countries in April 2025 and when the Supreme Court struck them down in late February."It is undisputed that the remedy for this unlawful collection is for the United States government to refund the unlawfully collected duties," the judge wrote.Refunds coming in phasesMore than 1,000 companies, including large ones like Costco, Goodyear Tire, banana and pineapple distributor Dole Fresh Fruit, and department store chain Kohl's, filed lawsuits to recoup their tariff costs. The judge said Wednesday he intended to allow cases he put on hold while CBP figured out how to handle refund claims - they numbered 485 in mid-March - to proceed.Also read | Minority union at Samsung Electronics to challenge pay deal in courtCustoms and Border Protection is handling refund claims in phases, focusing first on payments that weren't finalized before the Supreme Court handed down its 6-3 decision. CBP officials have said those later payments were more straightforward to process.Importers are required to make estimated tariff payments when goods enter the U.S. The declared items then enter a process called "liquidation," in which CBP determines how much in import taxes was owed. The decision becomes final after 180 days unless the payer contests the bill.In Friday's filing, the Justice Department said the agency did not have the technological ability or the legal authority to recalculate liquidated accounts without "importer-specific orders" in each lawsuit.Price cuts promisedSome national retail chains said they planned to use their tariff refunds refunds to lower customer prices on some items. Walmart Chief Financial Officer John David Rainey told analysts last week that the company would implement price cuts even though the maximum refund it might be eligible for represented less than half of 1% of Walmart's $483 billion in annual U.S. sales.Costco intends to return the tariff costs that it passed on to members, CEO Ron Vachris said. How much of its refund the big-box retail chain redistributes, when and in what form, depends on factors such as the size of the refund, when it arrives, and developments in a lawsuit seeking tariff compensation for Costco customers, Vachris told investors Thursday.Consumers could first see refunds from shipping companies such as FedEx, UPS and DHL, which acted as customs brokers when they delivered products ordered from overseas. The companies charged either the sellers that shipped the packages or the buyers who received them and turned the tariffs they collected over to CBP.All three promised to return any refunds they get to the customers that paid the import taxes. Last week, FedEx said it was "working to swiftly process refunds and return them to the shippers and consumers who originally bore those charges."Putting refunds back into the businessThe Supreme Court invalidated only the country-by-country tariff rates Trump set by citing the 1977 International Emergency Economic Powers Act. Others he imposed under different rationales remain in effect. Trump also has moved to introduce new tariffs since the court's Feb. 20 ruling.Some smaller companies told The Associated Press that the tariff refunds they've received so far would go toward paying remaining or future tariffs or getting back on solid financial footing after more than a year of uncertainty and additional costs.Jay Foreman, CEO of toy company Basic Fun, said he received about $450,000, or 7% of his total claim, over two consecutive days. He took the repayment as a positive sign but said that after having less than $10,000 refunded since then, the process seemed like a "total slow roll.""It's time to release the funds back into the economy, especially given how much we and others need these funds to support our businesses and fund our operations," Foreman said.Men's grooming brand Manscaped has received about 30% of the $12 million in refunds it applied for, President Kevin Datoo said. He said the San Diego company deferred investments and took on debt to pay tariffs on imports from Indonesia, China and elsewhere in Asia last year."We need to shore up the balance sheet because there's still a whole second chapter here," Datoo said.Melkon Khosrovian, who owns Greenbar Distillery in Los Angeles, said he applied for a tariff refund of about $90,000 for 17 different shipments and has received $18,000 covering four of them. Certain types of herbs, spices and packaging are hard to find domestically, so Khosrovian said he imports them.The tariffs were "painful," he said. He invested money to automate his bottling process last year so he wouldn't have to pay as many workers. The move allowed him to reduce his 13-person staff by three, but Khosrovian noted that the White House had argued the tariffs would create more U.S. manufacturing jobs."Our choices were bad and worse: raise prices and lose customers, or keep prices the same and not make any money," he said.
A truck driver from West Bengal was killed in the ambush in Manipur
Foreign portfolio investors (FPIs) emerged as heavy sellers in Indian equities on Friday, pulling out a net Rs 20,637 crore in a single session, recording one of the sharpest single-day selloffs in recent years, as markets grappled with the impact of the latest MSCI index rebalancing.Before this, the sharpest fall occurred last month (April 2, 2026), when FIIs pulled out Rs 19,837 crore in a single day, data from ACE Equity showed.The selloff came as benchmark indices fell 1.5%, with market participants attributing much of the late-session weakness to passive fund flows linked to the index reshuffle. The scale of foreign investor activity stood out not just because of the outflow figure, but also because of the sheer volume traded during the session.FPIs accounted for Rs 198,465 crore of trading activity out of the NSE's total turnover of Rs 287,452 crore, representing nearly 69% of the day's traded value, provisional data on the NSE showed.Despite ending the day as net sellers of Rs 20,637 crore, FPIs traded nearly 9.6 times that amount during the session. In comparison, domestic institutional investors (DIIs) were net buyers of Rs 16,260 crore and recorded total trades worth Rs 53,772 crore, or around 3.3 times their net purchase value.The high participation prompted questions over whether the activity was solely driven by MSCI-related portfolio adjustments or whether high-frequency trading (HFT) strategies amplified volumes around the index rebalance. The size of the turnover also sparked debate over how much of the reported foreign outflow reflected actual portfolio repositioning and how much may have been linked to short-term trading activity.Nilesh Shah, MD of Kotak Mahindra Asset Management, questioned whether the surge in activity was surprising given that Indian equities are currently not a key focus area for FPIs. He also asked whether Friday's volumes were driven purely by MSCI rebalancing or whether high-frequency trading (HFT) activity around the index reshuffle had amplified turnover. Shah further wondered how much of the reported net FPI outflow of Rs 20,637 crore could be attributed to HFT trades.Market expert Gurmeet Chadha also questioned the sharp rise in trading volumes, arguing that โspeed and money muscleโ were being used to distort market moves. He further highlighted the addition of 31,000 short contracts even as Brent crude hovered around $90 a barrel and hopes of a weekend deal persisted. Calling the activity suspicious, he said โwe need to act and trap this cartelโ.According to Abhilash Pagaria, Head of Alternative and Quantitative Research at NuvamaWealth, the rebalancing led to outflows of around Rs 8,000-8,500 crore. He said the figure was somewhat higher than in previous reviews due to free-float adjustments in stocks such as Bajaj Finance, HUL and TCS, among others, describing the impact as a one-time adjustment arising from a new methodology.MSCI RejigMSCI's latest review saw Federal Bank, MCX, NALCO and Indian Bank added to the MSCI Standard Index, while Hyundai Motor India, Jubilant FoodWorks, Kalyan Jewellers and RVNL were removed. The changes took effect at the close of trade on May 29.The review also resulted in weight increases for Adani Power, BPCL, Nykaa, Trent and OFFS. Despite the reshuffle, India's overall weight in the MSCI Standard Index remained broadly stable at around 12.3%, compared with 12.4% earlier. The total number of Indian constituents in the index also remained unchanged at 165.Beyond the Standard Index, MSCI announced a broader rejig of its Small Cap Index. According to Nuvama, more than a dozen Indian stocks were excluded, reducing the India stock count to 459 from 474. New additions included IREDA, Anthem Biosciences, Fractal Analytics, Pine Labs and Emmvee Photovoltaic, while Cello World, Redtape, Raymond Lifestyle, Indigo Paints, Balu Forge and Blue Jet Healthcare were among the exclusions.Index review days typically witness elevated volumes as passive funds tracking MSCI benchmarks adjust their holdings to match the revised composition.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
New Delhi: Outgoing Chief of Defence Staff Gen Anil Chauhan on Saturday described his tenure as "very satisfying" as he wrapped up a three-year-and-eight-month stint at the top military post, during which he focused on bringing synergy among the three services.Lt Gen NS Raja Subramani (retd) will take charge as India's next Chief of Defence Staff (CDS) on Sunday."I had a very satisfying and excellent tenure," the outgoing CDS told reporters after he was accorded a ceremonial tri-services guard of honour.Gen Chauhan, a former Eastern Army Commander, took charge as the country's senior-most military commander in September 2022, over nine months after the first CDS General Bipin Rawat died in a helicopter crash in Tamil Nadu.As Chief of Defence Staff, Gen Chauhan played a key role in planning and implementation of Operation Sindoor along with the three service chiefs.During his tenure, he focused on ensuring tri-services synergy to enhance India's military prowess in view of the evolving regional security scenario.The Chief of Defence Staff also initiated a number of measures towards India's plan to roll out the theaterisation model by creating integrated military commands."It's a matter of great honour for me to superannuate with a tri-services guard of honour. I thank the three services and Headquarters IDS (Integrated Defence Staff) for it. With the conclusion of the guard of honour, I bid farewell to my colleagues in uniform, comrades in arms," Gen Chauhan said."I just laid the wreath at the War Memorial for the last time in uniform, as a humble tribute to those who laid down their lives in the line of duty. After the wreath laying, I was welcomed by friends, relatives and well-wishers. This is symbolic of my transition from uniform to civilian life," he said.Gen Chauhan's tenure was to end on September 30 last year, but he was given an extension.He had retired from service in May 2021 in the rank of lieutenant general, but assumed the rank of a four-star General after taking charge as India's second Chief of Defence Staff.Gen Chauhan was the Director General of Military Operations (DGMO) when Indian fighter jets pounded a Jaish-e-Mohammad terrorist training camp deep inside Pakistan's Balakot in February 2019. He was known to have provided key inputs for the operation.Born on May 18, 1961, Gen Chauhan was commissioned into the 11 Gorkha Rifles of the Indian Army in 1981.In his distinguished career, Gen Chauhan held several command, staff and instrumental appointments and had extensive experience in counter-insurgency operations in Jammu and Kashmir and Northeast India.The officer is an alumnus of the National Defence Academy, Khadakwasla, and the Indian Military Academy, Dehradun.In the rank of Maj General, the officer had commanded an Infantry Division in the critical Baramulla sector in the Northern Command.Later, he commanded a corps in the Northeast and subsequently went on to become the General Officer Commanding-in-Chief of the Eastern Command.Gen Chauhan was awarded with the Param Vishisht Seva Medal, Uttam Yudh Seva Medal, Ati Vishisht Seva Medal, Sena Medal and Vishisht Seva Medal for his exemplary services to the Indian Army.