The Times of India - Business (23 minutes ago)
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 ranges have been shared.
ReadThe Times of India - Business (7 hours ago)
Nandan Nilekani is poised for a third term as Infosys chairman. His focus will be on succession planning, with rules requiring his exit at 75. The company is strengthening its leadership bench. Nilekani also faces the challenge of preparing Infosys for the evolving AI-driven technology landscape. This ensures stability and future growth for the IT...
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GST collections in May saw a modest 3.2% rise to Rs 1.94 lakh crore. While domestic revenue dipped, officials attribute this to a one-off telecom payment in the previous year, asserting underlying consumption remains robust across sectors. Import GST also surged, driven by increased demand for commodities and electronics.
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Digital payments are booming as UPI transactions hit 2,320 crore in May, a significant jump from April. This surge reflects a robust 24% year-on-year volume growth. Meanwhile, National Electronic Toll Collection also saw a healthy month-on-month increase in both transaction numbers and value, indicating continued digital adoption across various...
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India and Oman have launched a free trade agreement, enabling concessional or zero tariffs on a vast majority of goods. Oman also offered a food security pact, willing to supply more fertilizer and petrochemicals to India. The agreement includes visa benefits for Indian workers and faster pharmaceutical approvals.
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India is reviewing tariff concessions on Scotch and other goods in its trade deal with the UK. This action is contingent on the UK addressing India's concerns regarding steel quotas and duties. UK Trade Secretary Peter Kyle is set to meet with India's Commerce and Industry Minister Piyush Goyal to resolve this deadlock.
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Dalal Street witnessed a significant downturn as crude oil prices surged due to West Asia tensions, leading to a 508-point drop in the Sensex. Foreign funds continued their selling spree, with outflows exceeding Rs 2.5 lakh crore this year. Investors are now awaiting the RBI's policy meeting and focusing on stock-specific opportunities amid a...
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Industrial production growth eased to 4.9% in April 2026, impacted by a dip in mining. However, manufacturing and electricity generation showed robust gains, pushing sequential output higher. Capital goods and infrastructure segments continue to expand strongly, indicating sustained investment, though consumer goods growth remains moderate.
ReadThe Times of India - Business (10 hours ago)
Sovereign Gold Bond (SGB) investors who purchased bonds between 2019 and 2021 can now apply for premature redemption in June 2026. The Reserve Bank of India has opened redemption windows for five specific bond tranches, requiring investors to submit requests within strict timelines to avoid rejection.
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Sebi has proposed allowing road InvITs to add back major maintenance expenses funded by external debt when calculating Net Distributable Cash Flow (NDCF). This move aims to address industry concerns about reduced distributable cash, as these expenses, though crucial for asset longevity, cannot be capitalized. The proposal, following industry...
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