In unusual move, banks park big money with 'rivals'
- Jun 04, 2025
Wednesday, June 04
Asian stock markets surged, led by South Korea's Kospi after Lee Jae-myung's presidential win, despite economic challenges and Trump's tariffs. US markets also rose, driven by tech stocks, while the OECD cut the US growth outlook. Investors are hopeful about potential trade deals, but uncertainty persists due to tariffs and paused forecasts.
India's services sector performed well in May. The HSBC India Services PMI Business Activity Index increased. This indicates growth in activity, hiring, and international demand. Companies hired more staff at a record pace. Export orders surged, especially from Asia, Europe, and North America. Businesses are optimistic about future activity. The HSBC India Composite PMI Output Index was 59.3 in May.
ITR Filing FY 2024-25: The Income Tax Department has enabled online ITR filing for FY 2024-25 (AY 2025-26) via incometax.gov.in, initially supporting ITR-1 and ITR-4 forms. These forms are for individuals with income up to Rs 50 lakh from specific sources.
Royal Challengers Bengaluru secured their first IPL title, defeating Punjab Kings in a thrilling final. Virat Kohli, overwhelmed with emotion, dedicated the victory to his family, especially his wife Anushka Sharma. He acknowledged their unwavering support throughout his 18-year journey with the team. Kohli emphasised his commitment to contributing to the team's success, both on and off the field....
Royal Challengers Bengaluru won their first IPL title after an 18-year wait. They defeated Punjab Kings in a thrilling match with Virat Kohli playing a crucial role in the victory. Sachin Tendulkar congratulated RCB on their win and drew a parallel with the player's jersey number and the edition of the IPL they won....
Virat Kohli's 18-year quest for an IPL title concluded triumphantly as Royal Challengers Bengaluru defeated Punjab Kings in a thrilling final. Kohli's crucial 43 runs contributed significantly to RCB's victory. Anand Mahindra lauded Kohli's unwavering loyalty, stating it carves legacies. Mahindra highlighted Kohli's dedication to RCB, emphasising that the stars finally aligned after years of anticipation....
