Crude oil prices snap five-day winning streak, demand outlook remains robust

Market players will take further cues from US EIA weekly inventory data due later in the day.

LIC IPO: Govt to seek proposals from investment banks in June, says report

The initial public offering of Life Insurance Corporation could happen as early as March 2022, the report claimed.

Cotton price hits record high of Rs 23,940 a bale on rising demand, falling supply

The agri commodity has been trading higher than 5, 20, 50, 100 and 200-day simple moving averages and exponential moving averages on the daily chart.

Elon Musk files trademark papers for Tesla restaurant: Report

The three applications are for “restaurant services, pop-up restaurant services, self-service restaurant services, take-out restaurant services."

Moneycontrol Pro Panorama | A squeeze in profitability on the horizon?

In today’s Moneycontrol Pro Panorama: A shot of hope for earnings, services PMI in a spot of bother, a golden run for Muthoot Finance, AC makers turn cool, LT CFO’s optimism, what a negative real policy rate means, DIY testing a game changer and more

Natural gas futures firm ahead of inventory report, trades above key averages

The gas prices were supported by warm weather in parts of the United States thus increasing cooling demand.

Amid pandemic, RIL Chairman Mukesh Ambani draws nil salary

In the previous fiscal year, Mukesh Ambani drew a Rs 15 crore salary from the company - the same as in the previous 11 years.

AMC, BlackBerry shares jump as Reddit rally powers on

The latest leg of the rally, which drove up shares of video game retailer GameStop Corp by 1,600 percent in January, has again been powered by amateur inventors acting in concert to bid up shares of stocks with a high short interest, forcing bearish investors to unwind their bets at a loss.

World food price index surges in May to highest level since 2011: FAO

FAO also issued its first forecast for world cereal production in 2021, predicting output of nearly 2.821 billion tonnes -- a new record and 1.9 percent up on 2020 levels.

FPIs ‘unwilling’ to share personal details over confidentiality concerns: Report

SEBI was informed of this by the multinational banks which are acting custodians for these FPIs and has thus called for a meeting to discuss these concerns

India#39;s May trade deficit at $6.32 billion: trade ministry

Merchandise exports rose to $32.21 billion for the month from $19.24 billion a year earlier, while imports rose to $38.53 billion from $22.86 billion, the data showed.

COVID-19 treatment | Haffkine Biopharma to produce 22.8 crore doses per annum of Covaxin

“We have been given a timeline of eight months and the work is being executed on a war footing," said Dr. Sandeep Rathod, Managing Director of Haffkine BioPharma.

Delhi HC asks Juhi Chawla to give short note on plea against 5G technology, hearing at 3 pm

The suit, filed by Juhi Chawla, Veeresh Malik and Teena Vachani, has said if the telecom industry’s plans for 5G come to fruition, no person, animal, bird, insect and plant on earth will be able to avoid exposure, 24 hours a day, 365 days a year, to levels of RF radiation that are 10x to 100x times greater than what exists today.

Mercedes-Benz to sell cars directly to customers under new model

The Pune-based company will commence the ‘direct to customer’ model in the October-December quarter of this year. Such a sales and distribution model hasn#39;t been experimented before buy any carmaker in India

Hello World | Zerodha founder salaries and the irrelevant debate

Instead of focusing the debate on antiquated theories of incentives, the debate must be about what it will take to help startups succeed.

In pics | Top 10 most valuable Indian brands

Sectors including IT, healthcare, utilities, chemicals, edutech, banking, and construction have proved their efficiency in supporting the economy. Here are the top 10 most valuable Indian brands.

Coronavirus News LIVE Updates: Kerala Assembly unanimously passes resolution demanding Centre to provide free COVID-19 vaccines to all states

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 21.85 crore, according to the Union Health Ministry.

Delhi High Court issues notice on Google plea seeking exemption from IT Rules 2021

In its plea Google told the court that it is “merely an aggregator” and that the IT Rules 2021 define social media intermediaries as platforms that enable online interaction, or allow for creation and uploading of content.

2021 TVS Apache RTR 200 4V review: Best-looking bike in its segment

Recommended for anyone looking for an affordable, entertaining street bike. This bike is a great all-rounder

Coronavirus News LIVE Updates: Thane district reports 514 new COVID-19 cases, 40 fresh fatalities

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 21.85 crore, according to the Union Health Ministry.

Coronavirus News LIVE Updates: India#39;s COVID-19 recovery rate improves to 92.48%

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 21.85 crore, according to the Union Health Ministry.

Coronavirus News LIVE Updates: With 3,207 fresh fatalities, India#39;s COVID-19 death toll rises above 3.35 lakh

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 21.85 crore, according to the Union Health Ministry.

RBI Monetary Policy Committee on June 4: Repo rate likely to be unchanged, say experts

The panel had also left rates unchanged during the last MPC meet in April 2021. This would be the sixh consecutive time the RBI maintains status quo if rates remain unchanged on June 4.

Suryoday corrected a lot post listing – Is it time to buy?

Suryoday SFB is a business which is going through challenges and would revive once the COVID dust settles. We recommend that investors with moderate risk appetite should gradually start adding the stock for the long term

COVID-19 impact: Life insurers may need to shore up provisions in FY22

There is a steady rise in COVID-19 deaths in FY22. Following this, death claims may rise across life insurers. Motilal Oswal Financial Services report says HDC Life, SBI Life and ICICI Prudential Life would need to shore up provisioning buffers.

Honda testing swappable battery pack on electric rickshaw in India

This is the first time that Honda, a leader in India’s petrol-powered scooter and 125cc motorcycle space, is testing its technology on three-wheelers in the country

Coronavirus News LIVE Updates: Over 35 lakh samples tested for COVID-19, 20.19 lakh in last 24 hours, says ICMR

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 21.85 crore, according to the Union Health Ministry.

Lottery Sambad Result June 2: #39;Dear Bangalakshmi Raidak#39; lottery winners to be announced at 4 pm

Lottery Sambad Result: The first prize winner of the #39;Dear Bangalakshmi Raidak#39; lottery will take home Rs 50 lakh.

Tesla failed to oversee Elon Musk#39;s tweets, US SEC letters claim: Report

The US SEC had earlier ordered Tesla to vet any public communications Musk made regarding the company.

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum

Bitcoin#39;s price is currently $36,332.66, its dominance is currently 41.97 percent, a decrease of 0.25 percent over the day.

Coronavirus News LIVE Updates: Assam logs 4,682 new COVID-19 cases, 51 fresh fatalities

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 21.6 crore, according to the Union Health Ministry.

Coronavirus News LIVE Updates: Tamil Nadu#39;s COVID-19 tally rises above 21.23 lakh with 26,513 new cases, death toll mounts to 24,722

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 21.6 crore, according to the Union Health Ministry.

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Natural gas futures trade in bullish note, surges over 5% in last 3 trading sessions

Natural gas may remain in a range amid lack of clear cues however hopes of higher weather-related demand may keep prices supported.

PhonePe-Indus OS deal runs into another wall, investor Affle Global files legal suit

In turn, Indus OS who is “keen” on the deal with Walmart-owned PhonePe has also filed a counter complaint against Affle Global.

Daimler India Commercial Vehicles announces initiatives to help dealer partners, staff amid pandemic

The new support package increases the assistance offered to dealerships to include Rs 2-lakh COVID group insurance, 20-days credit for in-stock vehicles, fast-tracking of pending claims, and complete salary support, DICV said in a statement.

Maruti Suzuki total sales decline 71% in May over April

The auto major had also shut production from May 1 through May 16 so as to divert oxygen from industrial use for medical purposes. MSI said its domestic dispatches to dealers last month stood at 35,293 units, down 75 per cent from 1,42,454 units in April.

Mahindra Mahindra total sales tumble 52% to 17,447 units in May over previous month

The Mumbai-based auto major had dispatched 36,437 units to dealers in March this year.

US tech co Fulcrum Digital to hire 500 people in India in 2021

The IT company, which has the highest dependence on India from a human resources front, will add 750 digital technology specialists during the year, of which 65 per cent or a little less than 500 will be added in India, it said in a statement.

Amazon Prime Youth Offer | Check pricing, eligibility and other things to know

In the Amazon Prime Youth Offer, users between the age of 18 and 24 can now get an Amazon Prime subscription at Rs 164 for three months or Rs 499 for one year.

Tata Motors sales drop 38% to 24,552 units in May

The company had sold 4,418 units in May last year.

Delhi High Court directs Air India to reinstate dismissed pilots, pay their back wages

The court also said that extension of contract, in the future, of the contractual pilots would be at the discretion of Air India in view of their satisfactory performance.

Eli Lilly gets DCGI emergency use approval for COVID-19 antibody cocktail drug

Lilly said it is engaged in active dialogue with the Indian government and regulatory authorities to donate bamlanivimab and etesevimab in order to speed up access and provide treatment options for patients with COVID-19.

Toyota reports sales of 707 units in May as lockdown, COVID restrictions hit dispatches

The company had reported wholesales of 9,622 units in April and 1,639 units in May last year.

How Exxon lost a board battle with a small hedge fund

Investment firm Engine No. 1 scored a stunning victory, winning at least two seats on Exxon’s board in a shareholder vote.

PLI Scheme: Ball in electronics ministry#39;s court as appliance makers seek revision in base year

Appliance makers have cited COVID-19 led lockdown and restrictions to seek a change in the base year over which the incremental sales will be calculated

MG Motor India reports sale of 1,016 units in May

The retail business was severely impacted as almost all markets remained closed during the lockdown for most part of the month of May 2021, the company said in a statement.

Bajaj Auto posts 114% sales growth at 2,71,862 units in May

The company had sold 1,27,128 vehicles in May last year, Bajaj Auto said in a statement.

After Elon Musk, Amazon eyes India’s satellite internet space: Report

Talks are on with the Department of Telecommunications and Department of Space for “necessary regulatory approvals” to bring Amazon’s high-speed broadband services to India via the company’s global space internet initiative Project Kuiper.

Ashok Leyland expects plants to be operational only for up to 10 days in June

"Our plants are still not fully operational due to lockdown that is ongoing in the states where our plants are located. We expect the opening up announcements by the respective state governments in a phased manner, resulting in impact of our operations in the month of June 2021 also," Ashok Leyland said in a regulatory filing.

Mehul Choksi extradition: Government to file affidavit in Dominican Court requesting to be made party to Choksi’s hearing

The report noted that India is seeking to present that at present the court only has Choksi’s point of view and they be made party to the case since he is an Indian citizen and on the run for money laundering and cheating.