RBI MPC begins, all eyes on 3rd rate cut as inflation stays benign

IANS | June 4, 2025 9:56 AM

New Delhi, June 4 (IANS) The Reserve Bank of India’s Monetary Policy Committee (MPC) meeting kicked off on Wednesday to decide on the repo rate cut and according to economists and industry experts, the Central Bank is likely to go for a third 25 bps cut in the repo rate to 5.75 per cent.

Adani stocks defy WSJ report; market shrugs off allegations amid Group's resilience

IANS | June 3, 2025 7:32 PM

Mumbai, June 3 (IANS) Investors on Tuesday largely ignored a recent Wall Street Journal (WSJ) report alleging new US prosecution scrutiny over Adani's potential Iran sanctions violations. Adani Group stocks demonstrated resilience, with the group's market capitalisation down a mere 1.8 per cent, against the broader Nifty's 0.7 per cent dip.

Adani Ports sets new robust record in cargo handling in May

IANS | June 3, 2025 7:19 PM

Ahmedabad, June 3 (IANS) The month of May has been a historic month for India’s logistics sector and Adani Ports and Special Economic Zone Limited (APSEZ) set a new benchmark by handling 41.8 million metric tonnes (MMT) of cargo - an all-time high for the company, showcasing the capabilities of Indian ports on a global scale.