뉴스

CPI seeks cancellation of land allotment for data centre projects

Congress and DMK can still work together in Parliament, says Karti P. Chidambaram

The Congress Member of the Lok Sabha points out that the Congress continues to work with the CPI(M) and the Trinamool Congress despite competing with them at the State level

CPI(M) objects to Praveen Chakravarty’s claim of party backing his Rajya Sabha nomination

The Congress on Thursday night nominated Mr. Chakravarty for the Rajya Sabha seat allotted to it by its post-Assembly poll ally the TVK. He then claimed in a social media post that he had the support of all alliance parties of the TVK

Kodiyeri Balakrishnan’s wife Vinodini alleges neglect by senior CPI(M) leadership in Kerala

In an interview with a Malayalam magazine, Vinodini said the family was “ruthlessly ignored” by sections of the party leadership following Balakrishnan’s demise

Rupee rises 50 paise to 95.24 against US dollar post RBI policy decision

The rupee appreciated 50 paise to 95.24 against the US dollar on Friday after the RBI liberalised norms for FPI investment in government securities. Forex traders said the announcements in the RBI policy boosted investor sentiments after the apex bank asserted that the country's forex reserves provide sufficient buffer against external shocks. At the interbank foreign exchange market, the rupee opened at 95.72, then touched 95.24 in intraday trade, registering a rise of 50 paise from its previous close. On Thursday, the rupee rose 2 paise to settle at 95.74 against the US dollar. The Reserve Bank on Friday expectedly kept interest rates unchanged for the second time in a row as it weighed the impact of rising energy prices and supply disruptions caused by the West Asia crisis. Announcing the second bi-monthly monetary policy for the current fiscal, RBI Governor Sanjay Malhotra said the Monetary Policy Committee (MPC) has unanimously decided to retain short-term lending rate or repo rate at 5.25 per cent with a neutral stance. Moreover, the RBI raised limit for investments by Non-Resident Indians, Overseas Citizens of India in equity instruments. Malhotra also said that the central bank's policy on exchange rate remains unchanged and it does not target any specific rate/band for the rupee. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.40, higher by 0.01 per cent. Brent crude, the global oil benchmark, was trading up 0.36 per cent at USD 95.37 per barrel in futures trade. On the domestic equity market front, Sensex fell 142.06 points or 0.19 per cent to 74,217.95, while the Nifty was down 38.75 points or 0.17 per cent at 23,377.80. Foreign institutional investors offloaded equities worth Rs 4,447.06 crore on a net basis on Thursday, according to exchange data. Meanwhile, RBI has lowered GDP growth projection to 6.6 per cent from 6.9 per cent earlier for the current fiscal and raised CPI inflation projection to 5.1 per cent for FY27, higher from earlier estimate of 4.6 per cent. PTI

RBI MPC highlights: Top decisions by Guv

Reserve Bank Governor Sanjay Malhotra on Friday announced the Monetary Policy Committee's (MPC) decision, with repo rate remaining unchanged at 5.25%. The status quo reflects the RBI's cautious approach amid uncertainties arising from the ongoing West Asia conflict, which has heightened concerns over inflation and economic growth. At its previous policy review in April, the RBI had kept rates unchanged, choosing to closely monitor the evolving geopolitical situation and its potential impact on energy prices, inflation and economic activity.All six members of the rate panel, which includes three central bank officials and three external appointees, voted to hold rates. The MPC decided to continue with its "neutral" stance."The central bank's rate panel noted that the global environment has deteriorated," RBI Governor Sanjay Malhotra said. Also Read- RBI MPC 2026 LiveKey Policy Rates Unchanged Repo rate: 5.25% Standing Deposit Facility (SDF): 5.00% Marginal Standing Facility (MSF) & Bank Rate: 5.50% Stance: NeutralInflation updateThe governor said that the CPI inflation remains below the target despite the global shock, as the pass-through to domestic prices has been limited, while the baseline projections point towards headline inflation firming up towards the upper tolerance level in Q3 this year.

Sensex rises over 200 points, Nifty above 23,400 as investors eye RBI MPC meet outcome

Indian stock market traded in the green on Friday, with Sensex and Nifty extending gains for the second consecutive session as investors await the outcome of RBI’s Monetary Policy Committee’s (MPC) meeting today.Sensex gained 270 points at 74,629.94, while Nifty 50 rose over 62 points at 23,478.95. This came as India VIX, which measures volatility in markets, fell over 2% to 15.89.Infosys, UltraTech Cement, TCS, Tech Mahindra, M&M and Maruti Suzuki shares gained over 1% each to lead gains on Sensex. Tata Steel shares meanwhile fell over 1% to lead losses on the benchmark index.Broader markets also traded in the green, with Nifty Smallcap 100 and Nifty Midcap 100 indices gaining over 0.3% each. All sectoral indices opened in the green, with Nifty Consumer Durables, Nifty IT and Nifty Media rising nearly 1% each. Around 1,824 stocks advanced on NSE, while 523 declined and 101 remained unchanged.What’s moving the stock market upward today?"There are some mild positive indications for the market today. There are signs of weakness in the AI trade in the US, South Korea and Taiwan and rotation away from tech stocks, but it is too early to say whether this will sustain,” said VK Vijayakumar, Chief Investment Strategist at Geojit Investments.The focus of the market today will be on the monetary policy and the message from the RBI Governor, the analyst said. “The MPC is likely to hold rates with a guidance of a rate hike later in the year to combat inflation which is expected to rise in H2 FY27. RBI is likely to revise the GDP growth for FY 27 downward and CPI inflation upward in the context of the energy shock and its implications,” he added.According to Vijayakumar, the most likely policy action is a ‘hawkish hold’, that is, the RBI would hold the rates without any change but would send a hawkish message that inflation is set to rise and, therefore, expect rate hike later this year. If the RBI decides to act now with a 25 bps rate hike, that will move the banking stocks sharply upwards since they would benefit from rate hikes, he further said. However, a rate hike would be negative for interest elastic segments like automobiles and real estate, the analyst added.Rupee risesRupee meanwhile gained 8 paise to 95.66 against US dollar in early trade. “With India's import bill under pressure from elevated commodity prices and continued FII outflows, participants will closely monitor the Governor’s commentary for cues on inflation, currency stability, and future policy direction,” said Jateen Trivedi, VP Research Analyst of Commodity and Currency at LKP Securities.The analyst expects the near-term range for rupee to be 95.25–96.25.FII selling continuesForeign investors continued to remain bearish on Indian markets. FIIs net sold Indian shares worth Rs 4,447 crore on Thursday, according to data on NSE.Notably, FIIs have remained net sellers of Indian equities for five consecutive sessions. (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)

CPI(M) slams White Paper, calls it a roadmap for disinvestment, privatisation

White Paper, CPI(M) State secretariat says, hints at State government retreating from welfare programmes and people-oriented development so far enjoyed by people

Rise of Ritabrata Banerjee: How ex-Left leader engineered Bengal's biggest political coup

Once a footnote in West Bengal politics, Ritabrata Banerjee has dramatically risen to become the Leader of Opposition after a sensational political shift. His journey from a CPI(M) expulsion to leading a rebellion within the TMC, now challenging the ruling party, has left the state's political landscape reeling.

CPI(M) demands State support to education, health sectors

Party to conduct State tour for three months to study problems at grass root level

Kerala CM V.D. Satheesan tables White Paper on State finances in Assembly

K.N. Balagopal, who was Finance Minister in previous CPI(M)-led LDF government, tables a dissent note arguing that the document should have been drafted by State Finance department and not by an external committee

Remove restrictions on visitors to Secretariat: CPI(M)

A lot of restrictions are already in place. The new measures will prevent people from approaching the government machinery, says P. Shanmugam, State Secretary of the CPI(M), in a post on social media

LDF questions lack of criticism of Centre in policy address

CPI(M) MLA P.A. Mohamed Riyas says policy address raises concern about whether the UDF will also follow the same policies as the BJP-led Union government. UDF members remind LDF of the massive defeat it suffered in the election

CPI(M) leader in Thiruvananthapuram joins BJP

CPI(M) alleges custodial assault, false cases against Noida workers

The delegation led by CPI(M) general secretary M.A. Baby met workers involved in the Noida protests, many of whom have been dismissed from their jobs

K.T. Jaleel, wife join CPI(M), calls it ‘stand against communal forces’

Jaleel says he will remain ‘grateful’ to CPI(M) for making him MLA for four terms and a Minister for five years ‘without begging anyone or seeking recommendations’

Kerala Deputy Opposition Leader issue will be resolved through talks within LDF, says Binoy Viswam

Viswam says both CPI and CPI(M) will address the matter through dialogue rather than confrontation

Malayidamthuruth row: protest committee, CPI(M) slam CM’s statement in Assembly

CPI(M) alleges move to privatise municipal asserts, civic services in Andhra Pradesh

Demanding withdrawal of G.O. 673, party leaders contend that instead of mobilising resources for urban development, the government is planning to transfer public assets and services to corporate entities

Appointment of Sunny Joseph’s brother-in-law to his personal staff triggers political row

CPI(M) Kannur district secretary K.K. Ragesh alleges that the Minister has turned governance into a family affair by appointing a close relative to a key post