RBI likely to hold rates over next few quarters: Report

IANS | June 1, 2026 12:47 PM

New Delhi, June 1 (IANS) The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to keep interest rates on hold on June 5, as a sharp correction in Brent crude prices has eased concerns around inflation, a report said on Monday.

From UPI security to LPG prices, financial changes take effect from June 1

IANS | June 1, 2026 11:18 AM

New Delhi, June 1 (IANS) Several financial changes affecting consumers and businesses have come into effect from June 1, ranging from security measures for Unified Payments Interface (UPI) transactions and changes in ATM withdrawal rules to tax-related deadlines and higher commercial LPG prices.

Hyundai Motor India, M&M report healthy sales growth in May

IANS | June 1, 2026 10:36 AM

Mumbai, June 1 (IANS) Leading automobile companies continued to report healthy sales momentum in May, with Hyundai Motor India Ltd (HMIL) and Mahindra & Mahindra (M&M) posting growth in domestic sales amid sustained demand, according to data released on Monday.

UPI clocks 24 pc growth, transactions hit 23.2 billion in May

IANS | June 1, 2026 9:56 AM

Mumbai, June 1 (IANS) India's digital payments ecosystem witnessed continued growth, with Unified Payments Interface (UPI) transaction volumes rising 24 per cent year-on-year to 23.20 billion and transaction value nearing the Rs 30 lakh crore mark in May, according to data released by the National Payments Corporation of India (NPCI) on Monday.

Intel, Odisha explore chip packaging facility

IANS | June 1, 2026 1:57 AM

Washington, June 1 (IANS) Intel Corporation and 3D Glass Solutions have signed a memorandum of understanding with the Odisha government to explore establishing an advanced semiconductor glass core packaging substrate manufacturing facility, a move that could strengthen India's ambitions to become a global semiconductor hub.