The Indian stock market recovered on Friday following the Reserve Bank of India's rate cut. The BSE Sensex rose by 480.52 points to reach 81,922.56. The Nifty50 also surpassed the 24,900 level. Market experts foresee consolidation with an upward trend. Global factors and US-India trade talks are influencing the market. FIIs increased their net short positions.
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The Trump administration is pushing for swift trade deal conclusions, urging nations to submit optimal proposals. This urgency follows initial tariff suspensions and market reactions. While a preliminary agreement exists with Britain, the U.S. seeks comprehensive offers on tariffs, quotas, digital commerce, and economic security from partners like the EU, Japan, Vietnam, and India.
Krunal Pandya shone as Royal Challengers Bengaluru secured their first IPL title. He took crucial wickets against Punjab Kings. His bowling spell helped RCB win by six runs. Krunal revealed his aim to win trophies with the team. He previously won three titles with Mumbai Indians. This marks his second Player of the Match award in an IPL final.
Bharatiya Janata Party criticized Goa Congress. The reason was the omission of Mallikarjun Kharge's photo. The photo was absent from a Statehood Day poster. The event occurred in Panaji on May 30. BJP called it a deliberate snub to the Dalit leader. Congress defended it as unintentional. They cited other posters with Kharge's image.
Kamal Hasan's claim that "Kannada is born out of Tamil" ignited a language row, prompting criticism from Karnataka's Chief Minister and BJP president. Hasan later clarified that politicians, including himself, are unqualified to discuss language origins and suggested leaving it to linguists. He faced threats from Karnataka Rakshana Vedike for allegedly disrespecting Kannada.
The Supreme Court has dismissed rape charges against a man, citing the woman's 'aggressive sexual behaviour' and 'manipulative tendencies' as reasons. The court highlighted social media chats where the woman admitted to manipulative intentions and targeting victims for personal gain, including seeking a green card.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Monday. While Nifty50 went below 24,600, BSE Sensex tanked over 500 points.
Despite Shreyas Iyer's match-winning 87, tensions flared after Punjab Kings' IPL Qualifier 2 victory against Mumbai Indians. Iyer visibly berated teammate Shashank Singh for a crucial run-out during the tense chase of 204. The incident occurred post-victory, with Iyer expressing his anger through strong gestures. Despite the setback, Punjab Kings secured a spot in the final against Royal Challengers Bengaluru.
An international human smuggling operation led to a tragic outcome, as two men were sentenced in a Minnesota federal court for their involvement in the deaths of four Indian nationals, including two children, in January 2022. Harshkumar Ramanlal Patel received a 10-year prison sentence followed by deportation, while Steve Anthony Shand was sentenced to six years and six months.
In Balasore, Odisha, five police officers were suspended after a video surfaced showing them partying and drinking alcohol while on duty at the District Collector's residence. The incident occurred on June 1 while the Collector was away, raising concerns about security protocols. An investigation is underway, and further disciplinary actions are expected following the probe.
Google CEO Sundar Pichai refuted Apple's claim of declining Safari search volumes, asserting that Google is experiencing overall query growth, including on Apple devices. Pichai highlighted the increasing query growth from AI Overviews and emphasized Google's commitment to directing traffic to the web, challenging other companies in the search space.