๐ฎ๐ณ ์ธ๋ ยท "PAYMENTS" ยท ์ด 30๊ฑด
ํํฐ ๋ณด๊ธฐํ์ฌ ์ง์
50.0
0 = ๋ถ์ ์ฐ์ธ
50 = ์ค๋ฆฝ
100 = ๊ธ์ ์ฐ์ธ
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Minister cites transparent paddy procurement, timely payments, WhatsApp-based sales and QR code-enabled smart ration cards as key reforms implemented over the past two years
India recorded a current account surplus of $7.1 billion, or 0.7% of GDP, in the January-March quarter of FY26, supported by strong growth in services exports and remittance inflows, according to data released by the Reserve Bank of India on Monday.The surplus was lower than the $13.7 billion, or 1.4% of GDP, recorded in the corresponding quarter of the previous year.The country's merchandise trade deficit widened to $83.4 billion during the quarter, compared with $59.3 billion a year earlier, reflecting higher import outgo. However, this was partly offset by a rise in net services receipts to $60.4 billion from $53.3 billion in the year-ago period, driven by growth in computer services and other business services exports.Also read: FPI exodus from financials cools, but foreign investors remain net sellersAs per the central bank data, remittance inflows remained a key pillar of external stability, with personal transfer receipts, largely including money sent home by Indians working overseas, rising to $43.5 billion in the March quarter from $33.9 billion a year ago. Meanwhile, net outgo under the primary income account declined to $11.1 billion from $11.9 billion, providing additional support to the current account balance.Capital flows in Q4 FY26According to RBI data, net foreign direct investment (FDI) inflows stood at $4.2 billion during the quarter, higher than $0.4 billion in the year-ago period.Foreign portfolio investors (FPIs) recorded a net outflow of $12 billion in the March quarter, compared with a net outflow of $5.9 billion a year earlier.Non-resident Indian (NRI) deposits registered net inflows of $3.3 billion, up from $2.8 billion in the corresponding quarter of FY25. Net inflows through external commercial borrowings (ECBs) amounted to $3.6 billion, compared with $7.5 billion a year ago.Foreign exchange reserves increased by $7.2 billion on a balance of payments basis during the quarter, compared with an accretion of $8.8 billion in the year-ago period.FY26 balance of paymentsFor the financial year 2025-26, Indiaโs current account deficit stood at $25.2 billion, equivalent to 0.6% of GDP, compared with a deficit of $22.9 billion, or 0.6% of GDP, in FY25.The merchandise trade deficit widened to $337.3 billion in FY26 from $286.9 billion a year earlier. Net services receipts rose to $216.6 billion from $188.8 billion, while secondary income receipts increased to $143.6 billion from $123.5 billion.Net invisibles receipts stood at $312 billion in FY26, higher than $264 billion in the previous year, primarily on account of net services receipts and net personal transfers.Capital flows in FY26Net FDI inflows increased to $6.9 billion in FY26 from $1 billion in FY25. FPIs recorded net outflows of $16.4 billion during FY26, compared with net inflows of $3.6 billion in the previous year.Foreign exchange reserves declined by $23.6 billion on a balance of payments basis in FY26, compared with a depletion of $5 billion in FY25.
It also awarded โน10,000 compensation to the applicant and ordered proactive disclosure of records, including NGO payments, sterilisation and vaccination data.
As many as 44 stocks including Infosys, Adani Enterprises, Adani Ports, Canara Bank, PNB and several others will turn ex-date for various corporate actions, including dividends, bonus issues, stock splits and rights issues this upcoming week between June 8 and June 12. Investors must hold shares of these companies in their demat accounts on the record date to be eligible for the respective corporate actions. The list remains tentative, as more companies may announce record dates for dividends, bonus issues and stock splits during the week.Here is a day-wise list of corporate actions to watch out for this week: June 8 (Monday)The week kicks off with three companies undergoing corporate adjustments: Unified Data-Tech Solutions shares will turn ex-date for an interim dividend of Rs 5.5 per share. Ravindra Energy and Consecutive Commodities meanwhile will trade ex-date for rights issue of equity shares.June 9 (Tuesday)Inox India shares will trade ex-date for a final dividend of Rs 2 per share. Tata Group company Nelco meanwhile had also fixed June 9 as the record date for its final dividend of Rs 1 per share.June 10 (Wednesday)Several major companies turn ex-dividend, alongside a bonus issue on June 10. India's IT bellwether Infosys will turn ex-date for its final dividend of Rs 25 per share. Indian Bank and Seshasayee Paper & Board will also trade ex-record date for their respective dividends of Rs 18.25 per share and Rs 2 per share.Tata Group has fixed Wednesday as the record date to determine the eligibility of shareholders for dividend payments by three of its companies. These include Tata Chemicals (Rs 11 per share), Tata Investment Corporation (Rs 3.4 per share) and Tata Elxsi (Rs 75 per share).Gautam Exim shares meanwhile will go ex-bonus for its 3:1 bonus issue (three new bonus shares for every one existing share held).June 11 (Thursday)Specialized chemical player Sunshield Chemicals will be the lone counter turning ex-date on Thursday for a final dividend of Rs 3 per share.June 12 (Friday)Friday will see 31 stocks tuning ex-record date for their respective corporate actions. These includes five Adani Group companies, namely ACC (final dividend of Rs 7.5 per share), Adani Enterprises (final dividend of Rs 1.3 per share), Adani Ports and Special Economic Zone (final dividend of Rs 7.5 per share), Adani Total Gas (final dividend of Rs 0.25 per share) and Ambuja Cements (final dividend of Rs 2 per share).Four Tata Group companies also have June 12 as the record date for their dividends. These include Tata Motors (final dividend of Rs 4 per share), Tata Steel (final dividend of Rs 4 per share), Trent (final dividend of Rs 6 per share) and Voltas (final dividend of Rs 4 per share).Other stocks which will turn ex-record dates for their respective dividends include Canara Bank (Rs 4.2 per share), JM Financial (Rs 1.75 per share.), ICICI Prudential AMC (Rs 12.4 per share), PNB (Rs 3 per share), Piramal Finance (Rs 11 per share), Apcotex Industries (Rs 5.5 per share), Avantel (Rs 0.2 per share), Cemindia Projects (Rs 3 per share), Eimco Elecon (Rs 4 per share), Elecon Engineering Company (Rs 1.5 per share), High Energy Batteries (Rs 3 per share), Lloyds Metals & Energy (Rs 1 per share), MM Forgings (Rs 4 per share), Navin Fluorine (Rs 8.6 per share), Orient Cement (Rs 0.5 per share), Oseaspre Consultants (Rs 87 per share), Panchsheel Organics (Rs 0.8 per share), Petronet LNG (Rs 3 per share), Reliance Industrial Infrastructure (Rs 3.5 per share) and Technojet Consultants (Rs 87 per share).Mobavenue AI Tech shares will trade ex-split as it sub-divides its equity shares from a face value of Rs 10 down to Rs 2 per share. City Union Bank shares meanwhile will trade ex-bonus for a 1:3 bonus issue (one new bonus share for every three shares held)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Nepal FM Shishir Khanal highlighted growing India-Nepal cooperation in trade, energy and digital payments, while praising India's economic rise during his New Delhi visit.
S Jaishankar described the talks as detailed and substantive
US President Donald Trump has spent years attacking his predecessor Barack Obama for what he called a giveaway to Iran. The image of "pallets of cash" became one of his favorite political talking points, a symbol of what he portrayed as weakness in dealing with Tehran.Yet the irony of the current moment is becoming harder to ignore. As negotiations to end the latest US-Iran confrontation stall, Iran is demanding access to billions of dollars in frozen assets, and the success of any deal may depend on whether Trump agrees to some form of financial relief. The president who built his Iran policy around rejecting Obama's approach may now find himself confronting the same reality that faced previous administrations -- diplomacy with Iran often comes with a price tag.Pay $12 billion now, and $12 billion laterAn indication of how central money has become to the negotiations came from Mohsen Rezaei, military adviser to Supreme Leader Ayatollah Mojtaba Khamenei, in an exclusive interview with CNN. According to Rezaei, the negotiations have reached a deadlock and the responsibility for breaking it lies squarely with Trump. He said Iran wants the release of $24 billion in frozen Iranian assets, with $12 billion to be made available immediately after an interim agreement is signed and another $12 billion at a later stage.Also Read | Iran says frozen funds key to progress in US talksRezaei termed the demand not a concession from Washington but as a test of American intentions. "If he wants to reach an agreement with Iran, this $24 billion is a test of trust that Iran wants to have with Trump," he told CNN. "This is our own money, not America's money."The significance of the demand extends beyond the amount involved. By publicly linking the prospects of peace to the release of frozen assets, Iran has effectively made financial compensation the central political hurdle in the negotiations.Trump's Obama problemFor Trump, the issue is not as much financial as deeply political. CNN reported that Trump has repeatedly instructed his team that any agreement with Iran must be viewed as stronger than the 2015 nuclear accord negotiated by Obama. Equally important, he wants to avoid anything that resembles the controversial payments that became a focal point of Republican criticism a decade ago.Throughout his political career, Trump has portrayed the Obama administration's handling of Iran as evidence of weak leadership. Recently, he revived his criticism of the Joint Comprehensive Plan of Action, or JCPOA, describing it as a horrible deal and insisting that any agreement he reaches will be far better. That political history now threatens to constrain his negotiating options. A deal that includes billions of dollars flowing to Iran could invite immediate comparisons with the very agreement he spent years denouncing.Also Read | Iran retains about 22% of missile stockpile, says TrumpWhat Obama actually didThe comparison is unavoidable because financial relief was also a major feature of the Obama-era approach. The JCPOA, finalized in 2015 after negotiations between Iran and the P5+1 powers, imposed strict limits on Iran's nuclear activities in exchange for sanctions relief. The agreement capped uranium enrichment, reduced centrifuge capacity and established what experts described as one of the most intrusive inspection regimes ever negotiated.The deal also coincided with the release of $1.7 billion to Iran, a figure that Trump and other critics frequently cited as evidence of appeasement. Critics argued that sanctions relief and financial compensation rewarded Iranian behaviour across the region.Supporters of the agreement took a different view. They argued that much of the money involved consisted of Iranian assets that had already belonged to Iran and that the deal successfully halted Tehran's progress toward a nuclear weapon while providing unprecedented transparency into its nuclear program.Former US Energy Secretary Ernest Moniz, who helped negotiate the agreement, told CNBC that the JCPOA's most important achievement was its extraordinary verification system. Arms control experts similarly maintain that the deal effectively constrained Iran's nuclear ambitions before it unraveled.Why the current situation is more difficultThe irony for Trump is that negotiations now are taking place under conditions far less favorable than those that existed in 2015. After the US withdrew from the JCPOA in 2018, Iran gradually breached many of the agreement's restrictions. It expanded uranium enrichment, accumulated a much larger stockpile of nuclear material and scaled back some transparency measures.Many think that any new agreement must address a more advanced Iranian nuclear programme and a more complicated political environment. There is also the added challenge of rebuilding trust after years of mutual escalation. That reality means economic incentives have become even more important. Tehran is demanding tangible benefits upfront rather than promises of future relief. From Iran's perspective, accepting new restrictions without immediate financial gains would be politically difficult.Trump's search for a political workaroundTrump's advisers are acutely aware of the political risks. According to CNN, administration officials are exploring mechanisms that would allow Iran to receive financial relief without creating the appearance of a direct US payment. One possibility involves third countries such as Qatar releasing funds. Another would permit access to frozen assets while restricting their use to humanitarian purchases such as food, medicine and agricultural goods. There have also been discussions about creating reconstruction funds financed largely by Gulf states rather than the United States.These proposals reflect an important reality. The debate is no longer about whether Iran should receive economic relief at some stage. It is increasingly about how that relief can be structured so that Trump can claim he has not repeated Obama's mistakes. In that sense, the dispute is becoming as much about political messaging as about financial policy.Leverage versus peaceThe White House remains reluctant to surrender what it views as one of its strongest bargaining tools. Trump has publicly insisted that the United States will retain control over frozen Iranian funds until Iran meets Washington's demands. Secretary of State Marco Rubio has similarly emphasised that sanctions relief should follow compliance rather than precede it.The administration's concern is straightforward. Once funds are released, Washington loses a major source of leverage. That leverage could prove critical during the highly technical second phase of negotiations focused on Iran's nuclear program. Iran, however, sees the issue differently. For Tehran, immediate access to frozen assets is evidence that the United States is negotiating in good faith. Without such a gesture, Iranian leaders appear unwilling to commit themselves to a broader settlement. That difference in perspective has created the current impasse.The choice facing TrumpThe strategic dilemma confronting Trump is becoming increasingly clear. He can maintain a hard line and refuse any significant financial concession, preserving political consistency but risking the collapse of negotiations. Or he can accept some form of economic relief for Iran, potentially unlocking a broader peace agreement but exposing himself to accusations that he has embraced a version of the same approach he once condemned.Rezaei's comments to CNN show how central that decision has become. By presenting the release of $24 billion as a test of trust, Iran has effectively challenged Trump to choose between ideological purity and diplomatic pragmatism. For a president who built his Iran policy in opposition to Obama's legacy, that may be the most uncomfortable choice of all. If peace ultimately requires releasing billions of dollars in frozen Iranian assets, Trump would be seen as eating his words when he had asked Iran for complete surrender.
The Central Board of Secondary Education (CBSE) on Wednesday clarified that students applying for verification and re-evaluation of Class XII answer sheets do not need to have accounts with State Bank of India, Canara Bank, Bank of Baroda or Indian Bank to make payments on its online portal, addressing confusion that emerged after the system was launched earlier this week, Times of India reported.The clarification came after several students claimed on social media that the portal appeared to restrict payments to customers of the four public sector banks. In a statement posted on X, CBSE said the portal only uses payment gateways operated by these banks and does not require applicants to hold accounts with them.Also Read: Claude, other AI tools used to breach CBSE portals: IIT PanelโCandidates may use the available online payment options โ UPI, net banking, credit card and debit card โ through the designated gateways,โ the board said.CBSE also said the portal continued to function smoothly despite a major cyberattack attempt on Tuesday, shortly after it went live. According to the board, the platform came under a barrage of denial-of-service attacks within minutes of its launch, receiving nearly 1.5 million hits in two minutes along with more than one lakh attempts at unauthorised file access.The board said its technical teams worked continuously to maintain the stability and security of the platform.โThe portal has accepted 4,924 applications for verification and 39,056 applications for re-evaluation (total of 43,980) as of 12 noon today,โ CBSE said.The board urged students to rely only on official CBSE communication for updates related to the process.Also Read: CBSE re-evaluation portal keeps lakhs of students guessingThe verification and re-evaluation window opened on June 2 for Class XII students who had earlier obtained scanned copies of their answer books evaluated under the boardโs new digital On-Screen Marking (OMS) system.
Compensation generally comes through a combination of government ex gratia payments, court-ordered relief, insurance claims, consumer or civil lawsuits and labour compensation
Traders in Reliance Industries Ltd.โs treasury department are strategizing over where to park the companyโs cash in case the Reserve Bank of India starts raising interest rates in the coming months.One proposal involves moving Relianceโs cash holdings from liquid mutual funds into short-dated money market instruments, people aware of the conglomerateโs thinking said. The switch may pay off because the yield spread between money-market papers and the benchmark rate has widened beyond its five-year average and is likely to narrow in the coming months, resulting in capital gains, the people said, asking not to be named as the information is private. Markets are currently expecting about 50 basis points of rate hikes this year, they said.Traders also mulled reducing allocation to longer-dated bonds, which tend to be more sensitive to interest-rate changes, the people said.The strategy discussion cited market expectations and the conglomerate didnโt take an explicit view on interest rates. Treasury departments typically consider a range of market scenarios when evaluating trading strategies.โWe categorically deny the information you have provided in your email regarding our opinion on interest rates and the behaviour of the rupee,โ a Reliance spokesperson said by email.131502003India's Overnight Swaps Reflect RBI Rate HikesThe view carries weight because Reliance runs one of the largest corporate treasuries in India. The discussion also come ahead of the Reserve Bank of Indiaโs rate decision on Friday, where the central bank is expected to announce measures to support the rupee.While most economists โ 29 out of 35 โ surveyed by Bloomberg News expect the authority to keep the benchmark rate unchanged, they see the RBI adopting a hawkish stance to prepare markets for potential rate hikes later this year amid inflation pressures triggered by an oil price shock.Indiaโs sovereign bond yields have remained broadly stable this quarter even as the rupee has slid to record lows. The currency has recovered in recent days, helped by RBI intervention and optimism that a US and Iran agreement may lead to the reopening of the Strait of Hormuz, a vital route for the countryโs energy imports.The rupee is down 6% this year and recently approached a record low of 97 per dollar. It has been hovering around 95-96 levels in recent days.Relianceโs traders expect the rupee to strengthen if a Middle East peace deal is reached and if the RBI takes measures to attract capital inflows, one of the people said. They have proposed that the owner of worldโs largest oil-refining complex partly hedge its long-term forward contract positions as well as coupon payments dues in fiscal year starting March 2028, the person said.
From Swachh Bharat and digital payments to water conservation and vaccination campaigns, the government has increasingly sought to turn policy initiatives into public movements
The Indian rupee is trading around Rs. 95-96 to the dollar in late May 2026, setting fresh record lows. Markets are openly discussing the Rs. 100 threshold. The rupee has weakened in almost every year since 2014 and has lost approximately half its value against the dollar over that period. The end of this currency depreciation is not in sight. The factors that would stop it are not yet visible.The government is acting. State run oil companies have implemented four fuel price hikes in ten days as of May 25, taking petrol in Delhi past Rs. 102 per litre. This is the right and necessary response to the energy cost reality created by the Iran war. Crucially, the Modi government has also done its part on the macroeconomic front, consistently and aggressively reducing the fiscal deficit as a percentage of GDP to maintain structural stability.Yet, the currency pressure persists. The energy price impact has not yet fully reached Indian consumers and supply chains. It is coming.Uday Kotak said it plainly at the CII Annual Business Summit on May 12: "Be ready for tough times rather than waiting for the shock to hit us." He was right.Also read | Manufactured monopoly: How industrial policy is structuring monopolies in IndiaThis is not a time to panic. But it is a time to act. The leaders who move now will have options. Those who wait will not.The Overriding Factor: The Psychology of the PlayersWhy is the currency declining despite strong domestic fiscal discipline? Because exchange rates are not driven by mathematical models alone. The currency decline is highly affectedโand acceleratedโby the psychology of all players engaged in this endeavor.Currency movements are deeply behavioral. When a currency visualizes a downward trend, psychology shifts from calculation to self-protection and speculation. Every player in the ecosystem operates under this psychological weight:Corporate CFOs and Treasurers: Instead of hedging normally, they rush to cover future dollar liabilities early, hoarding hard currency and inadvertently worsening the scarcity.Foreign Investors: They begin to judge their returns not by the quality of Indian business operations, but by the eroding value of the conversion rate.Importers and Exporters: Importers advance their payments to avoid paying more tomorrow; exporters delay converting their dollar earnings back into rupees, waiting for a "better" rate. This collective psychology creates a self-fulfilling prophecy.Investors, CFOs, and FDI decision makers extrapolate what is happening now into the future. When they see a currency that has lost approximately half its value since 2014 with no clear floor in sight, their psychological pivot alters market realities.Also read | India tightens checks on overseas flows as currency pressure mounts, sources sayThe cascading timeline of Foreign Portfolio Investor (FPI) equity behavior perfectly mirrors this psychological shift from rational evaluation to systemic risk aversion:2024 (The Calculation Phase): Rupee averages Rs. 83-84. FPI flows remain positive (+$12 billion) as investors trade on strong domestic corporate earnings.2025 (The Self-Protection Phase): Rupee slides past Rs. 89. Collective psychology shifts to risk mitigation. FPIs withdraw a record $18.4 billion from Indian equitiesโthe largest annual equity outflow on record.Early 2026 (The Capitulation Phase): Rupee breaks past Rs. 95. Sentiment turns into an outright exit strategy. In the first four months of 2026 alone, outflows have already reached $19.1 billion, completely bypassing the entire previous year's record loss in a fraction of the time.FDI agreements are being signed, but capital is delayed because players are psychologically hesitant to deploy funds into a depreciating asset.The Trap of Hard Currency Debt: A Broken Business Model There is a highly significant and dangerous phenomenon unfolding in India today that requires immediate exposure. For years, a specific class of Indian corporates adopted a regular strategy of borrowing heavily in hard currency (External Commercial Borrowings, or ECBs). Lured by low nominal global interest rates, several of these companies over borrowed, treating cheap dollar debt as a permanent structural advantage.Today, that strategy has become a trap. The compounding effect of a depreciating rupee, skyrocketing hedging costs, and brutal refinancing realities is fundamentally breaking their business models.Consider the mechanics of this crisis:The Hedging Penalty: Leaving dollar debt unhedged is now corporate roulette. However, buying hedges at current rupee levels has become structurally prohibitive. The cost of protection completely wipes out any interest rate advantage.The Refinancing Wall: Billions in foreign debt are coming due. These over-borrowed companies must now refinance their liabilities at a time when the rupee value has materially deteriorated. They are effectively forced to borrow far more rupees just to pay back the same amount of original dollars.The Crushing Cost of Rupee Capital: As these companies try to pivot back to domestic lenders, they face a severe escalation in their rupee cost of capital.The Growth Verdict: When your cost of capital spikes and your cash flows are consumed by servicing legacy dollar debt, future growth stops. Capital expenditure (CapEx) plans are being frozen. These companies can no longer invest in innovation, capacity, or market expansion. Their business model shifts overnight from aggressive value creation to basic survival. Boards must realize that this is not a temporary treasury headache; it is a structural threat to the companyโs future viability.India's forex reserves stand at approximately 10 to 11 months of import cover. Substantial, but being actively deployed to defend the currency. Some imports are non-negotiable: oil, critical inputs, components. These will now cost more. That cost passes through every supply chain.Six Actions for Business Leaders1. Protect your cash and liquidity first. This is the most immediate priority. Map your cash position today. Identify every source of liquidity across the next twelve months. Stress-test it at Rs. 100 and beyond. Which receivables are at risk? Which credit lines are rupee-denominated and which are not? Companies that run into a cash crisis during a currency depreciation cycle lose their options entirely. The CFO must own this analysis and present it to the board within days, not weeks.2. Act now on your foreign currency borrowings, hedging, and refinancing. Do not assume the rupee will recover to Rs. 80. Analyse your full foreign currency exposure across the next three years: every loan, every refinancing date, every hedging contract, every procurement price denominated in foreign currency. Hard currency loans now face refinancing at rupee values that have materially deteriorated. Model every scenario at Rs. 100 and beyond. Your CFO, treasury, and procurement team must be aligned on one instruction: do not run into a liquidity crisis. This analysis must happen now, not at the next quarterly review.3. Build a war room. Most companies have begun thinking about war rooms for supply chain disruptions. Expand the mandate. Currency exposure belongs in the same room. Which of your costs are dollar or euro denominated? Which of your revenues are rupee denominated? Where is the mismatch? What is your break-even exchange rate? If you do not have clear answers today, you are exposed. The war room is not a committee. It is a real-time decision environment with live data, a clear owner, and the authority to act.4. Use the currency depreciation advantage: double your export salesforce. A weaker rupee makes Indian exports more competitive. This window will not stay open indefinitely. Double the salesforce in your export markets now. Use this period to upgrade quality, improve service delivery, and build customer relationships that will last beyond the currency advantage. Indian exporters who invest in capability during this period will emerge stronger regardless of what the rupee does next. Those who simply ride the price advantage without building the underlying business will lose when conditions change.5. Watch your stock and your sector. Banks and financial institutions should already be on high alert. Companies with large foreign currency exposure will see pressure on their financials. Some stock prices are already reflecting this. Go through your sector company by company. Identify who is most exposed. If you are an investor or a lender, this analysis is not optional. The combination of currency depreciation, rising oil prices, and FPI outflows creates a compounding pressure that will surface in earnings before it surfaces in headlines.6. Cut costs aggressively. AI will help. There has never been more urgency to reduce costs than now. And there has never been a better tool to do it. AI can cut most operational costs by as much as 30% across functions: procurement, finance, customer service, logistics, and compliance. McKinsey data confirms companies adopting AI and automation reduce operational costs by 20 to 30 percent. This is not a future opportunity. It is a present imperative. Every rupee of cost removed through AI is a rupee that does not need to be recovered through revenue in a deteriorating currency environment. Start now with your highest-cost functions.The CFO as CaptainCurrency risk is a cash flow risk. Every function that touches foreign currencyโprocurement, treasury, sales, capex planningโ must now report into a single coordinating authority. That authority is the CFO. This is not about hierarchy. It is about clarity. In a currency crisis, fragmented decision-making is as dangerous as wrong decision making. One captain. One consolidated view. Weekly reviews minimum.The Bigger PictureThis currency depreciation is a structural signal, not a cyclical one. India's economy must move from a cheap labour advantage to genuine global value creation.The companies that will survive and thrive are those building products and services that command premium prices in global markets. The rupee's weakness is a reminder that competing on cost alone has limits.The recently concluded trade agreements are a genuine opportunity. Execute them with full force. Build the export pipelines. Add the sales capacity.The businesses that move now, with discipline and clarity, will manage market psychology, navigate the debt trap, and define the next chapter of Indian industry.The shock is coming. Prepare before it arrives.Ram Charan is the author of Chinaโs 90% model. It is restricting Indiaโs industrial progress. Former Director of Hindalco and Muyuan (China).
Kerala faces a โlarge burdenโ of outstanding liabilities (โน5.07 lakh crore), committed expenditures (77% of total revenue receipts - TRR), and interest payments (20.9% of TRR), notes the document titled โKeralaโs Fiscal Health: A Status Reportโ
As many as 16 stocks are set to turn ex-record date for dividends on Friday, effectively making today the last day for interested investors to buy the shares to be eligible for the payments.Under Sebiโs T+1 settlement cycle, investors need to purchase a companyโs shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Accordingly, today is the last opportunity for investors to buy the shares so that they are credited to their accounts by the record date (June 5), making them eligible for the dividend.Reliance Industries dividendReliance Industries (RIL) is among the most notable names on the list, as the Mukesh Ambani-led company has fixed June 5 (Friday) as the record date for its final dividend of Rs 6 per share for FY26. Indiaโs most valuable company has declared 28 dividends over the past 25 years, and its dividend yield currently stands at 0.42%, according to Trendlyne data.HDFC AMC dividendThe highest dividend among the pack will be paid by HDFC Asset Management Company. The stock will turn ex-record date on Friday for a final dividend of Rs 54 per share. Bank of Baroda has also fixed June 5 as the record date for its final dividend of Rs 8.5 per share.ICICI Prudential Life Insurance Company dividendICICI Prudential Life Insurance Company had declared a final dividend of Rs 1.65 per share for its shareholders. The record date to determine the eligibility of shareholders for the dividend has been fixed on June 5.Further, Bank of Maharashtra and BEML have also fixed Friday as the record date for their dividends of Rs 1.2 per share and Rs 2.3 per share, respectively. Cipla will turn ex-record date tomorrow for its interim dividend of Rs 13 per share.JSW Energy is also among the key names, with the stock set to go ex-record date on Friday for a final dividend of Rs 2 per share. Other companies which have fixed June 5 as the record date for their dividend payments are Archean Chemical Industries (final dividend of Rs 2.5 per share), Jagran Prakashan (special dividend of Rs 3 per share and interim dividend of Rs 7 per share), Mahickra Chemicals (interim dividend of Rs 0.15 per share), MKVentures Capital (interim dividend of Rs 0.25 per share), Ponni Sugars (final dividend of Rs 5 per share), Qgo Finance (interim dividend of Rs 0.15 per share), Spacenet Enterprises (interim dividend of Rs 0.01 per share) and Vertoz (interim dividend of Rs 0.1 per share).Take a look at all the stocks which will turn ex-record date for their dividends on June 5, making today the last day for interested investors to buy the shares and be eligible for the rewards. 131496582(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
The Producers Guild of India is mediating the 'Don 3' dispute between Ranveer Singh and Excel Entertainment after FWICE withdrew its non-cooperation directive. The Guild aims for an amicable resolution and clearer industry protocols. Excel Entertainment has cleared pending payments despite reported losses, signaling a potential shift in Bollywood's professional agreements. Read on to know more in detail.
The Trump administration on Tuesday formally appealed a judge's order for refunds of the US president's global tariffs after they were struck down by the Supreme Court earlier this year.At stake is some $166 billion in revenue. A refunds system handled by US Customs and Border Protection (CBP) has already begun to process repayments.Last month, the CBP said in a court filing that it was on track to process about $85 billion in repayments, with $20.6 billion approved for disbursement.But the latest appeal could potentially impact this operation.After returning to the White House last year, President Donald Trump moved swiftly to impose sweeping tariffs on allies and competitors alike, tapping the International Emergency Economic Powers Act to target different countries with different rates.In February this year, the high court ruled that Trump had exceeded his authority in imposing these duties.A judge of the Court of International Trade has since ruled that refunds should take place, although giving room for the CBP to comply with the order.The agency estimated in March that more than 330,000 importers could be eligible for repayments.Hundreds of companies have sought to get their money back, including small businesses and major firms like delivery and freight giant FedEx and warehouse retailer Costco.Trump however has said that he would remember US companies that did not seek tariff refunds, signaling that he might view them more favorably.Since the Supreme Court ruling -- which did not affect Trump's sector-specific tariffs -- the US leader has tapped separate authorities to slap a new 10-percent tariff on imports.This is temporary, however, as US officials move to enact more lasting duties.
Kerala High Court reserves verdict on CMRL's appeal against ED's money-laundering probe, related to payments linked to a defunct software firm.
Telangana bans cash wage payments, mandates digital transfers, and introduces minimum wage protections for gig workers, increasing wages across skill levels.
India's UPI transactions reached record highs in May, with 23.2 billion transactions valued at Rs 29.90 lakh crore. This growth, driven by summer travel and seasonal spending, signifies a healthy upward trajectory for the digital payments ecosystem. Future expansion is anticipated through Credit-on-UPI and cross-border initiatives.