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1,076 Indians deported from the US this year, says MEA

“A total of 1,076 Indian nationals have been deported from the US to India so far this year,” external affairs ministry spokesperson Randhir Jaiswal said

Not Anderson or Broad: Robinson becomes 1st bowler in England's Test history to ...

Robinson, playing his first Test since February 2024, finished the day with figures of 4/10 from six overs as New Zealand ended the day still trailing England's first-innings total of 140.

India among Russia's top foreign trade partners: PM Mishustin

In the financial year 2024–25, total India-Russia trade reached an all-time high of about $68.7 billion, up sharply from roughly $13 billion in 2021, marking nearly a five - to six- fold increase over four years.

106 Reservoirs Below 40% As Weather Office Flags Weak Monsoon Risk

Northern India reported the highest storage level at 38.79 per cent of total capacity

CBSE clarifies re-evaluation payments

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 Panel“Candidates may use the available online payment options — UPI, net banking, credit card and debit card — through the designated gateways,” 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.“The portal has accepted 4,924 applications for verification and 39,056 applications for re-evaluation (total of 43,980) as of 12 noon today,” 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 board’s new digital On-Screen Marking (OMS) system.

Akshay Kumar sells two flats in Borivali for Rs 7.1 crore: Report

Akshay Kumar has sold two residential units in Oberoi Sky City, Borivali (East), Mumbai, for a total of ₹7.1 crore. The larger apartment, spanning 1,101 sq ft, fetched ₹5.75 crore, while the smaller 252 sq ft unit sold for ₹1.35 crore. Both properties were acquired by Suvarna Rupeshkumar Sakpal.

Kerala faces burden of ₹5.07-lakh crore liabilities; fiscal structure under ‘serious’ strain, says White Paper tabled by CM

Kerala faces a ‘large burden’ of outstanding liabilities (₹5.07 lakh crore), committed expenditures (77% of total revenue receipts - TRR), and interest payments (20.9% of TRR), notes the document titled ‘Kerala’s Fiscal Health: A Status Report’

Google CEO Sundar Pichai sends a ‘thanks note’ to Warren Buffett’s Berkshire Hathaway

Alphabet has secured a massive $45 billion equity offering, with Warren Buffett's Berkshire Hathaway leading with a $10 billion investment. This substantial capital infusion is earmarked for bolstering Google's AI compute infrastructure, a critical area identified by CEO Sundar Pichai. The company anticipates a total of $85 billion for this AI build-out, underscoring its strategic focus on artificial intelligence.

'Mamata Our Leader, Abhishek Has No Role In Assembly': New Bengal LoP Ritabrata Banerjee

Ritabrata, who was expelled by Mamata, says he has the backing of 59 legislators out of the total 80 TMC MLAs currently sitting in the House

Decline in Telangana’s budget for 2026-27; CAG pegs total receipts at ₹3.01 lakh crore

Trinamool Vs Trinamool: Ritabrata Set For LoP Role As New Opposition Takes Shape In Bengal Assembly

Ritabrata visited the Assembly and met the Speaker, claiming the support of 59 legislators out of the total 80 TMC MLAs in the House.

Opinion: Opinion | The China Shock 2.0 May Already Be Here

According to the IMF, China's total non-financial sector debt has climbed to roughly 313% of GDP and is projected to reach 323% by 2026.

Jefferies raises Titagarh Rail target price by 23%. Check upside potential and key triggers

Shares of Titagarh Rail Systems gained nearly 3% to hit the day's high of Rs 857 on the BSE on Wednesday after Wall Street major Jefferies raised the target price to Rs 990 from Rs 810, implying an upside of 19% from current market levels.With a Buy rating, the international brokerage raised the target by 23%. Jefferies said Titagarh Rail Systems delivered a stronger-than-expected quarter, and improving execution is likely to drive a re-rating of the stock going forward. The brokerage believes Titagarh is well-positioned to benefit from rising demand for passenger and metro coaches, supported by government-led infrastructure initiatives. It estimates a 44% EPS CAGR over FY26-30 and expects the company's strong order book in the passenger segment to provide healthy earnings visibility.Titagarh delivered 64 coaches in FY26, ahead of Jefferies' estimate of 60 coaches. While this fell short of the management's earlier guidance of 100-120 coaches, the shortfall was largely anticipated due to execution delays in the first half of FY26.Management has reiterated confidence in delivering 200-220 coaches in FY27, compared with Jefferies' estimate of 193 coaches, citing the resolution of initial execution challenges. On the flagship Vande Bharat project, the company expects to deliver two trains in FY27, in line with Jefferies' projections, with the prototype scheduled for supply in the December 2026 quarter.Margins in the March quarter came in significantly ahead of expectations at 19%, compared with Jefferies' estimate of 12%, supported by a sharp increase in execution of the Bengaluru Metro project, which is being executed as a job contract. Management has guided for margins of around 12% in the near term, with a gradual improvement towards 15% as the company advances up the technology value chain.Rail wagon sales declined 29% year-on-year due to supply-side constraints. While Jefferies expects wagon sales to fall a further 5% in FY27, it forecasts a largely stable trajectory over FY27-30, supported by its estimate that Indian Railways' cargo volumes could reach around 3 billion tonnes by FY35, compared with the FY30 target.The company currently has an order book of 6,500 wagons, providing visibility for about 97% of Jefferies' FY27 wagon sales estimates, although visibility beyond FY27 remains limited. Separately, Titagarh has secured 28% capital assistance for its brownfield shipbuilding expansion plans and is evaluating technology partnerships and potential joint ventures with shipyards.The brokerage noted that a recent report by Live Mint indicated Indian Railways is considering an order for 1 lakh wagons, which could significantly improve earnings visibility for wagon manufacturers. The valuation assigns 30x March 2028 estimated EPS to the core business, up from 25x previously, reflecting positive developments around potential wagon orders and the upcoming wheel joint venture, which it values at 2.5x its investment value. Key risks to the outlook include delays in wagon orders or wheel supplies from Indian Railways, as well as weaker-than-expected execution.Titagarh Rail Q4 snapshotTitagarh Rail reported a net profit for the quarter at Rs 53.96 crore, compared to a net loss of Rs 122.4 crore that the company reported last year.Titagarh Rail's revenue in the March quarter declined by 12.9% to Rs 875.4 crore from Rs 1,005.6 crore in the previous year.The company's earnings before interest, tax, depreciation and amortisation (EBITDA) declined 4.4% to Rs 97.3 crore in the March quarter from Rs 96.56 crore last year, while margins stood at 11% from 10% last year. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Alkem Labs sees Rs 930 crore block deal as promoter family entities pare stake; Goldman, Morgan Stanley among key buyers

Shares of Alkem Laboratories witnessed block deals worth about Rs 930 crore on Tuesday, with promoter family entities selling shares to a clutch of domestic mutual funds and foreign institutional investors. According to NSE block deal data, a total of 17.88 lakh shares changed hands at Rs 5,200 apiece. The transaction value works out to about Rs 930 crore.On the sell side, Jayanti Sinha sold 12.38 lakh shares, while Samprada & Nanhamati Singh Family Trust offloaded 5.5 lakh shares. Together, the two sellers divested 17.88 lakh shares. The shares were acquired by a mix of domestic and foreign institutional investors.Among the largest buyers were ICICI Prudential Mutual Fund, which purchased 9.04 lakh shares, and HDFC Mutual Fund, which bought 5.1 lakh shares. Other participants included DSP Mutual Fund, Nippon India Mutual Fund, Morgan Stanley Asia Singapore, Goldman Sachs Bank Europe, BNP Paribas Arbitrage, Societe Generale and Edelweiss Mutual Fund.The deal comes after a strong run in Alkem Laboratories shares over the past year, supported by steady growth in its domestic formulations business, improving margins and a recovery in its US operations.Alkem is among India's leading pharmaceutical companies with a strong presence in acute therapies, chronic segments and international markets. The participation of large domestic mutual funds in the transaction suggests continued institutional interest in quality healthcare names despite broader market volatility.Shares of Alkem Laboratories are likely to remain in focus as investors assess the impact of the stake sale and changes in promoter shareholding following the transaction.

220 MLAs in Tamil Nadu secured less than 50% of votes in their constituencies: ADR report

According to the ADR report, the winners of the Tamil Nadu Assembly election in 2026 won with an average of 38.99% of total votes polled. In the 2021 election, the winners won with an average of 48.37% polled, it added.

453 Nepali nationals rescued from alleged networking fraud operation in UP's Kushinagar

A total of 453 Nepali citizens, including 115 women and 338 men, were rescued on May 29 and subsequently handed over to the District Police Office.

Transrail bags orders worth Rs 575 crore

New Delhi: Transrail Lighting, a leading turnkey engineering, procurement and construction (EPC) company, on Tuesday said it has bagged new orders worth Rs 575 crore primarily in the transmission and distribution (T&D), civil construction and pole business.As of March 31, the company's unexecuted order book (including L1 or Lowest Bidder position) stood at Rs 16,361 crore, up 12 per cent year-on-year, Transrail Lighting said in an exchange filing."The orders in the T&D segment including construction of a 500 kV HVDC line for a marquee customer, supply of our products in international markets, specialised civil construction job and pole supplies, highlights our diversified capabilities and competencies," the company's MD & CEO Randeep Narang said.Mumbai-based Transrail Lighting is an EPC company primarily engaged in T&D with operations spanning civil, railways, poles and lighting segments. The company has a presence across 63 countries.For FY26, the company posted a net profit of Rs 403.59 crore, up 23 per cent from Rs 328.68 crore in 2024-25. Its total income also rose over 29 per cent to Rs 6,928.83 crore from Rs 5,353 crore in FY25.

NHPC shares tumble 5% as govt’s OFS worth up to Rs 4,300 crore opens at 8% discount. Check details

Shares of NHPC fell nearly 5% to Rs 73.42 apiece on Tuesday after the government launched an offer for sale (OFS) to divest up to a 6% stake in the PSU. The OFS, which opened for non-retail investors on Tuesday, was priced at Rs 71 apiece, a discount of nearly 8% to the stock's previous closing price, weighing on investor sentiment.NHPC announced on Monday that the government aims to sell 3% of the company’s total paid-up equity capital as part of the base offer. The government also retains an oversubscription option to sell an additional 30 crore shares, taking the total potential offer size to 60.27 crore shares or 6% equity. At the floor price of Rs 71 per share, this would be worth more than Rs 4,279 crore.The offer for sale opened for non-retail investors on June 2, while retail investors, eligible employees and non-retail investors carrying forward unallotted bids can participate on June 3.Also read: Vedanta shares fall after media reports of ED searches at Mumbai, Delhi officeThe government owned more than 67% stake in the PSU company as of March 31, 2026. NHPC, in its exchange filing, further said that the share sale by its promoter will be conducted through a separate window mechanism on BSE and the National Stock Exchange in accordance with the Securities and Exchange Board of India’s OFS guidelines.NHPC’s OFS comes days after the government divested some of its stake in state-run miner Coal India through an offer for sale at a floor price of Rs 412 per share. The government owned more than 63% stake in the PSU company as on March 31, 2026.NHPC share priceNHPC shares have fallen more than 6% in one week and 12% in one month. The stock is down around 8% in 2026 so far and 16% in one year. In the longer term, the stock delivered 70% returns over three years and 185% over five years.Also read: Morgan Stanley says Indian stock market poised for strong year ahead. Here’s why The company currently has a market capitalisation of more than Rs 73,760 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Coforge shares gain over 2% after unveiling agentic AI platform for insurance industry

Shares of Coforge rose more than 2% to their day’s high of Rs 1,495 on the BSE on Tuesday after the company announced the launch of its "Nexa Agentic AI Platform", a business platform that aims to cater to the global insurance industry.According to the company, the platform is designed to help insurers derive greater value from their existing insurance platforms and speed up time-to-market without replacing core systems. Instead, it layers AI orchestration capabilities over incumbent platforms while operating within the guardrails of leading platform providers.Built on the Coforge One AI platform, Nexa Agentic AI Platform offers a marketplace of more than 30 insurance AI assets covering underwriting, claims, product development, customer service and platform modernisation. The company said the platform is modular and composable, allowing insurers to deploy specific capabilities or adopt the full suite through an Insurance-in-a-Box model.Coforge said the platform is purpose-built for the global insurance market across Property & Casualty, Life & Annuities, Specialty insurance, as well as managing general agents (MGAs) and intermediaries. It incorporates human-in-the-loop oversight, full auditability and measurable outcomes.The platform includes six flagship orchestrators spanning the insurance value chain. These include an AI-enabled Submission Centre, which the company said can increase underwriting capacity by more than 30% through automated data extraction, validation and prioritisation.Another offering, the Agentic State Rollout Factory, is designed to automate rates, forms and filings across jurisdictions, enabling more than 25% faster realisation of new revenue. The AI-enabled Product Rollout Factory aims to accelerate product launches by 30% while improving quality and responsiveness to regulatory changes.Coforge also introduced an Agentic AI Global Expansion capability to support market entry across geographies, a Core Platform Modernisation capability that it said can reduce total cost of ownership by more than 30%, and an Agentic Claims Triaging Centre that can enable more than 35% faster claims triaging and higher straight-through processing.Rajeev Batra, Executive Vice President and Global Practice Head of Insurance at Coforge, said the platform combines the company's AI engineering capabilities with its insurance domain expertise to help clients scale AI adoption and business outcomes.Also read: Morgan Stanley says Indian stock market poised for strong year ahead. Here’s whyThe company said the platform is designed around key insurance stakeholders, including brokers, underwriters, claims adjudicators and customer service agents. Looking ahead, Coforge plans to progressively integrate insurance knowledge graphs into the platform to enhance insurance-specific reasoning across submissions, policies, claims and customer interactions.Coforge said Nexa Agentic AI Platform will form a key part of its insurance go-to-market strategy, helping clients accelerate AI adoption while preserving existing technology investments and complying with platform guardrails.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Weak market returns push more investors to pause SIP investments

Mumbai: Two years of challenging equity market returns appear to be prompting a section of retail investors to reassess exposure to the stock market, with industry data showing rising monthly systematic investment plan (SIP) discontinuations and a slowdown in new investor additions.SIP halts continued to outpace new registrations in April, with stoppage ratio at 101%, unchanged from March, according to data from the Association of Mutual Funds in India (AMFI). This indicates that more SIP accounts were closed than opened during the month.Importantly though, flows through SIPs, the mainstay of domestic investments, have remained resilient.131452535Not a Short-term Game This support has been critical for equities amid overseas investors stampeding out of the Indian markets. Any change in that trend would have led to greater market turmoil.Still, the discontinuation trend has worsened over time, with the 12-month SIP stoppage ratio rising to 94.5% in March 2026, compared with 75.6% in March 2025 and 52% in March 2024.Fresh investor additions slowed in April as well, with 295,000 new investors entering mutual funds, taking the total investor base to 61.7 million. This marks the slowest monthly addition since June 2023.In comparison, the industry added 700,000 and 500,000 new investors in February and March, respectively. The pace has moderated in the past two years, with 7.2 million additions in the 12 months ended March, compared with 9.7 million in the preceding year.The growing SIP stoppages and the drop in fresh investor additions underscore dissatisfaction over lower-than-expected returns from equity schemes."Two years ago, many investors came in after watching incredibly high returns from the small cap space," said Swarup Mohanty, vice chairman and CEO, Mirae Asset Investment Managers. "With high returns not coming their way now, they are disappointed."An SIP in the broad-based Nifty 50 would have lost 2.56% over the last two years, while an investment in the broad Nifty 500 would have fetched 0.83%."Many investors came with high return expectations in short time spans," said Viraj Gandhi, chief executive, Samco Mutual Fund. "As returns over the last two years are low, new investors are slow to come by, while some investors who expected high returns could move to other avenues, which is a natural phenomenon."