CHENNAI: The Indian passenger vehicle (PV) industry delivered a resilient performance in May 2026, with four of the six leading automakers-which together account for nearly 94% of India’s PV volumes-posting double-digit year-on-year growth despite recent vehicle price increases driven by rising raw material costs linked to the West Asia crisis, and a fuel price hike…
Top stocks to buy or sell today (AI image) Stock market recommendations: Infosys has been recommended as a top buy call by Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan on June 2, 2026. The expert has recommended DLF, and Cholamandalam Investment and Finance Company as sell calls. Target prices, stop loss and…
MUMBAI: Unified Payments Interface transactions rose to 2,320 crore in May 2026 from 2,235 crore in April while value increased to Rs 29.9 lakh crore from Rs 29 lakh crore, translating into 24% growth in volume and 19% growth in value on a year-on-year basis.Average daily transactions stood at 74.8 crore with 74.5 crore in…
NEW DELHI: India and Oman rolled out a free trade agreement on Monday, with first set of consignments being shipped at concessional or zero rates, as New Delhi offered a food security pact to further cement ties with the Gulf Nation.Amid the West Asia conflict, which has disrupted supplies, Oman’s foreign trade advisor Pankaj Khimji…
NEW DELHI: Govt is reviewing tariff concessions on Scotch and some other products proposed in the trade agreement with the UK if its concerns over steel quotas and duties are not addressed before the treaty is ratified.“We have to rebalance the FTA… We haven’t made up our mind, but we can consider action on certain…
Morgan Stanley maintained its overweight rating on Reliance Industries with the target price at Rs 1,803. Analysts said RIL is deploying $15 billion annual operating cash flows with shorter monetisation cycles now the new norm. New energy and AI infrastructure flagged as key value drivers funded by existing businesses. Kutch land assets of 550,000 acres…
Artificial intelligence company Anthropic has taken a major step towards a public market debut, announcing that it has confidentially filed paperwork with the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO), AP reported.The company said the filing gives it the option to go public after the SEC completes its review…
Investors holding Sovereign Gold Bonds (SGBs) issued between 2019 and 2021 can apply for premature redemption in June 2026, with the Reserve Bank of India (RBI) opening redemption windows for five bond tranches during the month.Investors planning to exit before the eight-year maturity period must submit their requests within the specified timelines through banks, post…
Market regulator Sebi on Monday proposed allowing Infrastructure Investment Trusts (InvITs) in the roads sector to add back certain major maintenance expenses funded through external debt while calculating Net Distributable Cash Flow (NDCF), a move aimed at addressing industry concerns over lower distributable cash.The proposal follows representations from the Bharat InvITs Association (BIA), which sought…
Oval Fertility founders Veena Reddy and Dr Brian Levine Hyderabad: In an expansion of its presence in the healthcare space, GVK Group has forayed into the fertility care segment with Oval Fertility, a venture co-founded by GVK scion Keshav Reddy’s wife Veena Reddy and US-based IVF specialist Dr Brian Levine.The venture, backed by the GVK…