Indian benchmark indices ended lower on Tuesday, May 6, 2025, amid mild profit booking and mixed global cues. The BSE Sensex fell 155.77 points (0.19%) to close at 80,641.07, while the NSE Nifty 50 declined 81.55 points (0.33%) to settle at 24,379.60. Here are the top gainers and losers for the day: Top Gainers of …
According to the news reports, Himachal Pradesh is grappling with significant fiscal stress, intensified by a sharp reduction in central revenue support. According to reports, the state’s revenue deficit grant has plummeted from ₹8,058 crore in FY24 to ₹3,257 crore in FY26. In response, the state government is actively exploring structural measures to manage its …
According to a report, the Employees’ Provident Fund Organisation (EPFO) is seeking to expand its physical infrastructure to cater to an anticipated increase in its subscriber base, from nearly 70 million to 100 million in the coming years. The move is part of a broader strategy to shift from rented offices to owning its premises …
According to a Moneycontrol report, Jane Street, a global giant in proprietary trading known for handling transactions worth trillions, is now facing regulatory scrutiny in India. The National Stock Exchange (NSE) has reportedly initiated a probe into certain derivatives trades carried out by Jane Street Singapore Pte, a registered Foreign Portfolio Investor (FPI), raising concerns …
The Income Tax (I-T) department has set an unprecedented target for the financial year 2025–26: to settle over 200,000 cases at the Commissioner of Income Tax (Appeals) [CIT(A)] stage. The disputed amount involved stands at a staggering ₹10 lakh crore. This aggressive push represents a substantial increase from FY25, when 1,72,361 cases were resolved involving …
Urban India has witnessed a significant increase in life insurance ownership, which has now reached an all-time high of 78%, according to the India Protection Quotient (IPQ) 7.0 survey by Axis Max Life Insurance in partnership with Kantar. This milestone indicates a growing shift in the mindset of Indian consumers towards prioritising financial security over …
In a move to enhance the governance standards and maintain transparency within market infrastructure institutions, the Securities and Exchange Board of India (SEBI) has announced a crucial update. The regulator has introduced a mandatory cooling-off period for non-independent directors and public interest directors before they can be appointed to competing institutions such as stock exchanges, …
India has proposed a zero-tariff arrangement on select imports from the United States, including steel, auto components, and pharmaceuticals. The offer is part of ongoing trade discussions between the two countries and was made during a visit by Indian trade officials to Washington in late April, according to a Bloomberg report. Tariff Limits and Conditions …
The Reserve Bank of India (RBI) added over 57.86 metric tonnes of gold to its reserves during FY25. This brings the central bank’s total gold holdings to 879.59 tonnes as of March 31, 2025, up from 854.73 tonnes in September 2024. The addition came at a time when global gold prices rose by nearly 30% …
South Asia was jolted on April 22, 2025, by a terror attack in Pahalgam, sparking fresh diplomatic tensions between India and Pakistan. While the incident intensified regional unease, its aftershocks in financial markets played out quite differently on either side of the border. Indian Markets Defy Turbulence Contrary to expectations of volatility, Indian stock markets …
