HDFC Bank, JPMorgan Chase: Top 25 global banks’ m-cap hits $4.11 trn in Q1 | News on Markets

Summary Russia's defense ministry acknowledged that Ukrainian drone strikes targeted five airbases, resulting in damage to aircraft, with Kyiv accused of launching the attacks from near airfields in Murmansk and Irkutsk. Ukraine claims to have destroyed approximately 40 Russian military planes. Analysts suggest these strikes may be an attempt to pressure Moscow ahead of peace talks in Istanbul, although there is skepticism regarding the potential for any meaningful breakthrough in negotiations. Full Article

SummaryMarket analysts anticipate that the Reserve Bank of India's upcoming interest rate decision, along with key macroeconomic data and trends from Foreign Institutional Investors (FIIs), will significantly influence equity markets this week. The RBI's Monetary Policy Committee meeting on June 6 and updates on economic indicators like auto sales and the monsoon's progress will be closely watched. Despite recent market declines, expectations of a 25 bps rate cut could boost interest rate-sensitive sectors, contingent on...

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NEW DELHI: A thunderstorm and heavy rain swept through Delhi-NCR, bringing relief from high temperatures, which reached 39.7°C. May recorded its wettest levels since 1901, with rainfall nearly tripling since 1951, while average temperatures have remained stable. Experts attribute the increased rainfall and storms to global warming and humidity, which pose health risks and strain infrastructure. Full Article

The Uttar Pradesh assembly disqualified Mau MLA Abbas Ansari after his conviction in a hate speech case, which has rendered his constituency vacant. A special MP-MLA court sentenced Ansari, a member of the Suheldev Bharatiya Samaj Party, to two years in prison for threatening the district administration during a public meeting in 2022, along with additional sentences under various IPC sections. His conviction follows provisions under the Representation of the People Act, which mandates termination...

Amidst stricter student visa regulations and political uncertainties in the US, Indian students and their families are increasingly turning to the EB-5 visa option for permanent residency. This shift is marked by a significant surge in applications from F-1 visa holders, motivated by concerns over potential disruptions to their academic pursuits and future career prospects. As a result, the EB-5 visa has become a prominent pathway for Indian students seeking stability and opportunities in the...