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Home Minister Priyank Kharge’s first meeting focused on fake news, city traffic

"No Point": Putin Turns Down Zelensky's Rare Appeal To Meet Him

Zelensky says a meeting between the two men is needed to hash out the key issues of a peace deal.

Assam cabinet approves dearness allowance hike, raises it to 60%: CM Sarma

The decision was taken at the first cabinet meeting following its expansion with the inclusion of 12 new ministers, 11 from the Bharatiya Janata Party (BJP) and one from the Asom Gana Parishad (AGP)

"Be Realistic": Iran Dismisses Idea Of Trump Meeting Mojtaba Khamenei

Trump had earlier expressed that he would like to meet Mojtaba Khamenei.

Lokesh invites Russia's Rosatom to set up small reactors in A.P. for power generation

At a meeting with the top officials of the State-owned corporation, he also proposes construction of a nuclear desalination plant in one of A.P.’s mega industrial parks

Iran dismisses idea of Trump meeting supreme leader

BCCI confirms timings of India squad announcement for UK tour

The BCCI will announce India's squads for the Ireland and England white-ball tours, after a selection meeting on Saturday. A press conference led by Ajit Agarkar and Devajit Saikia will begin at 1 PM IST. Shreyas Iyer is expected to become T20 captain, while youngsters Tilak Varma and Vaibhav Sooryavanshi could earn major roles.

CM Vijay chairs TNSDMA meeting to review southwest monsoon preparedness

Following the onset of the southwest monsoon over the South Andaman Sea on May 16, conditions continue to remain favourable for its further intensification

Himachal’s green contribution worth ₹90,000 crore inadequately compensated by Centre: CM Sukhu

State’s rightful claim would be strongly raised before Central government at upcoming NITI Aayog meeting.

Phone calls, prayers, and a Kalighat meeting: Mamata fights to keep TMC hers

Her outreach is not confined to assembly; TMC has 28 members in Lok Sabha, 13 in Rajya Sabha, and revolt could spread to its parliamentary ranks too

Shiv Sena UBT will not attend INDIA bloc's June 8 meeting: Sources

Shiv Sena UBT will not attend INDIA bloc's June 8 meeting: Sources

‘Nilavilakku’ row in Kerala: Samastha clarifies position, says Muslims should avoid religious rituals of other faiths

Samastha meeting noted that if a Muslim participates in such a practice while accepting or endorsing the beliefs that are contrary to Islamic teachings, the act could amount to leaving the fold of Islam

Tata Trusts' big June board meeting faces fresh ghosts

India takes big moves to attract foreign investments in bonds: How will this impact stock market?

As India sees incessant FII selloff so far this year, the government and RBI announced a slew of measures to ease foreign investments in government securities, with analysts suggesting that these may provide some short-term support for Dalal Street.India scrapped the long-term capital gains tax on investments by foreign institutional investors (FIIs) in government securities through an ordinance issued on Friday. The government has now exempted FIIs from tax on any interest income from government securities, as well as capital gains arising from their sale, exchange or transfer, according to an official gazette. Separately, while announcing the outcome of the MPC meeting, RBI Governor Sanjay Malhotra also unveiled a series of measures to boost FPI investments, including expanding the Fully Accessible Route (FAR) to cover new issuances of 15-, 30- and 40-year government bonds.Limits on investments by NRIs and OCIs in equity instruments without Sebi registration are being raised, allowing them to invest larger amounts without regulatory registration. The facility is also proposed to be extended to all Persons Resident Outside India (PROIs), bringing them on par with NRIs and OCIs. This came as the RBI kept the repo rate unchanged at 5.25%What does this mean for Indian stock market?The proposal to increase investment limits for NRIs and OCIs in listed equity instruments without Sebi registration, and to extend the same facility to all individual Persons Resident Outside India (PROIs), is a significant step toward broadening participation in Indian capital markets, which is expected to improve market depth, liquidity and long-term capital inflows, said Arun Poddar, CEO of Choice International.He highlighted that equally important is the removal of capital gains tax on government securities investments for foreign investors. “This move strengthens the attractiveness of India's bond market and could encourage greater foreign participation in government debt. At a time of heightened global volatility, these measures reinforce investor confidence, support capital inflows, and reaffirm India's commitment to building deeper, more globally integrated financial markets, with the policy rate expected to remain low for an extended period,” he said.The government's move to exempt Foreign Institutional Investors (FIIs) from capital gains tax on any interest earned from government securities is “highly positive” for the capital markets, said Sumit Singhania, Head of Research at Bajaj Broking. “This fiscal cushion arrives at a crucial time, offering a strong shield to domestic markets as the RBI chief warned of volatile forex markets driven by shifting global sentiments,” he added.The policy is distinctly positive for bond markets and well-capitalized Banks and NBFCs, which benefit from targeted hedging subsidies and systemic stability, according to Archit Doshi, Senior Vice President at PL (Prabhudas Lilladher) AMC. “Conversely, one should be underweight rate-sensitive sectors, which remain highly vulnerable to margin compression, higher inflation expectations, and the threat of the RBI reaching its tightening tipping point,” he said.Rajeev Radhakrishnan, CFA, CIO of Fixed Income at SBI Mutual Fund, also said that the announcements aimed at enabling more dollar inflows are more significant in the near term, even though the overall policy stance has been broadly in line with expectations. “The concessional swap facility should help stabilise short end market rates and the foreign exchange market in the near term,” he said.For equities and debt markets, the measures to attract FII inflows are supportive of liquidity and inflows, while for the rupee, they signal a clear intent to anchor expectations and reduce volatility amid global oil shocks and sustained foreign selling pressure, said Ajit Mishra, Senior VP of Research at Religare Broking.Sachin Bajaj, Chief Investment Officer at Axis Max Life Insurance, also said that the initiatives are expected to support capital inflows, deepen domestic bond markets, and provide support to the Indian rupee over the short to medium term.RBI’s hawkish tone and the Indian stock marketWhile the measures taken to attract FII inflows in the debt market will likely provide short-term support for Dalal Street, analysts advised caution over the RBI’s hawkish policy stance. While the RBI maintained its policy repo rate as per expectations, the tone was much more cautious than in previous meetings.Sachin Bajaj highlighted that the policy emphasised preserving macroeconomic stability amid the prevailing global macroeconomic environment. “We believe there are significant risks to inflation in the coming months due to the pass-through of higher commodity prices to consumers and elevated food prices resulting from a below-normal monsoon. Going forward, there is a risk of an upward revision in inflation projections, and given the evolving global backdrop, we believe the RBI is likely to maintain a prudent, data-dependent approach. Future policy actions will be contingent on evolving growth-inflation dynamics and global developments,” he added.Also read: Explained: Sebi's Rs 15.15 lakh crore revenue inflation allegations against Rajesh ExportsWhile hawkish rhetoric without an accompanying rate hike provides a temporary respite for equity markets, it does not constitute an unequivocal endorsement of investment, particularly in highly rate-sensitive sectors such as real estate, automotive, and consumer discretionary goods, said Vipul Bhowar, Senior Director, Head of Equities at Waterfield Advisors.“Should inflation necessitate a rate increase later this year, these sectors are likely to experience pressure on both margins and demand. For investors, the current strategy emphasises capital preservation by focusing on high-quality equities with strong pricing power. This cautious approach is designed to navigate the prevailing geopolitical uncertainties until conditions stabilise,” the analyst added.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

BJP chief Nitin Nabin accepts Annamalai’s resignation from party’s membership

The developments comes three days after Mr. Annamalai held meetings with Union Home Minister Amit Shah, Mr. Nabin, and national general secretary of the party B.L. Santhosh and submitted his resignation letter to the party leadership on June 2

RBI MPC Meeting at a Glance: All key decisions

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)

'Mamata not merely an adviser': Dissent grows in rebel TMC camp after Ritabrata Banerjee's proposal

The concerns emerged following a meeting of the rebel legislature bloc led by Ritabrata Banerjee, who was recently recognised as the Leader of Opposition.

RBI MPC Meeting: When and where to watch

'It's possible': Trump hints at meeting Iran's Khamenei amid deal talks

In a bold statement, President Trump declared that Iran's military capabilities are severely diminished, stating that the country’s naval and aerial forces have become largely ineffective, leaving its leadership under significant strain. He criticized the media for exaggerating Iran's military strength and issued a warning about potential consequences if any US troops are endangered.