With recent prints of headline consumer price inflation remaining benign, there is greater confidence that it will converge to the target of 4 per cent over the 12-month horizon, the Reserve Bank of India (RBI) said in its annual report for 2024–25, released today.

While noting that the outlook for the Indian economy remains promising, the report said softer inflation and moderate growth warrant monetary policy to be growth supportive.

A federal court in the US on Wednesday (local time) blocked President Donald Trump from imposing 'sweeping' tariffs on imports citing an emergency-powers law.

A three-judge panel at the New York-based US Court of International Trade issued the ruling. The development comes after several lawsuits were filed against Trump, arguing that he has exceeded his authority, Associated Press reported

The Securities and Exchange Board of India (Sebi) on Wednesday barred former IndusInd Bank chief executive officer (CEO) Sumant Kathpalia and four other senior officials from trading in the securities market, following allegations of insider trading linked to an accounting discrepancy worth over ₹3,000 crore.

In an interim order issued on May 28, Sebi said that these individuals had traded in IndusInd Bank shares while being in possession of unpublished price sensitive information (UPSI), violating insider trading rules.

Tata Sons Chairman N Chandrasekaran will step down as chairman and director of Tata Chemicals, effective May 29, 2025. The development was disclosed in a regulatory filing by the company.

Chandrasekaran, in a letter to the board, wrote, "I am writing to formally inform you of my decision to step down from my position as a director and Chairman of the Board of Directors of Tata Chemicals Limited w.e.f. 29th May, 2025. After careful evaluation of my current and future commitments, I have decided to step down from the Board. It has been a privilege to chair the Tata Chemicals board and I sincerely appreciate the support and collaboration during my tenure."

The Dravida Munnetra Kazhagam (DMK) has announced three candidates for the upcoming Rajya Sabha elections from Tamil Nadu. One of the seats has been allocated to the Makkal Needhi Maiam (MNM), a political party led by actor-turned-politician Kamal Haasan.

The other two candidates selected by DMK are advocate P Wilson and SR Sivalingam.

The Supreme Court on Wednesday dismissed a petition by investor Manu Rishi Gupta, upholding the delisting of ICICI Securities and clearing the way for its full merger with ICICI Bank. Gupta had challenged the share valuation process, claiming that the reverse book building (RBB) method could have secured a better price for shareholders, according to The Economic Times.

ICICI Securities was officially delisted in March 2024, becoming a wholly owned subsidiary of its promoter, ICICI Bank.

Karnataka Chief Minister Siddaramaiah has strongly refuted BJP allegations that the state government prioritised Urdu over Kannada in funding allocations, terming the claims "malicious lies" aimed at inciting communal hatred.

In a series of tweets, Siddaramaiah accused the BJP of Karnataka of deliberately spreading falsehoods that undermine communal harmony.

Shares of Life Insurance Corporation rose over 8 per cent after its net profit for the January-March quarter of 2024-25 (Q4FY25) grew 38 per cent year-on-year (Y-o-Y).

LIC's stock rose as much as 8.81 per cent during the day to ₹948 per share, the best intraday gain since November 24, 2023. The stock pared gains to trade 7.6 per cent higher at ₹934 apiece, compared to a 0.33 per cent decline in Nifty50 as of 10:16 AM.

US Health Secretary Robert F. Kennedy Jr. on Tuesday announced that Covid-19 vaccines are no longer recommended for healthy children and pregnant women.

In a 58-second video posted on the social media site X, Kennedy said he removed Covid-19 shots from Centers for Disease Control and Prevention's recommendations for those groups.

The Trump administration is considering requiring all international students applying to study in the US to undergo social media screening, a major expansion of earlier efforts, according to a Politico report.

To prepare for this new requirement, the administration has directed US embassies and consular offices to halt scheduling new interviews for student visa applicants, according to the report.

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