Financial Express Mumbai - June 01, 2025

In this issue

June 01, 2025

Chief of Defence Staff admits loss of aircraft

INDIA SWITCHED TACTICS after suffering losses in the air on the first day of conflict with Pakistan earlier this month, establishing a decisive advantage before the neighbours announced a ceasefire three days later, India's highest ranking General said on Saturday.

1 min

Dharavi 2.0: A people-first transformation plan

WHAT WAS ONCE a slum, considered the world's largest, sprawling over 251 hectares, will soon become a well-developed area complete with green spaces, a promenade, waterfront development and a multi-modal transit hub.

2 mins

Govt prioritising lower denomination notes: FM

UNION FINANCE MINISTER Nirmala Sitharaman on Saturday said the priority of the government is to make sure that currency in circulation will be in lower denominations, besides spreading more awareness for digital transfers.

1 min

New-age philanthropy has climate, gender, arts push

BILL GATES, whose net worth Bloomberg estimates at $168 billion, recently announced to give away 99% of his personal wealth within the next 20 years, mainly for health, education, and agriculture.

3 mins

Steel, aluminum tariffs to double at 50%: Trump

$4.56-bn Indian exports exposed to higher rates

2 mins

May auto sales dip 4%, PV segment drives sharp fall

AUTO SALES IN May are set to record a year-on-year (YoY) decline of about 4%.

1 min

Climate, gender push to philanthropy

\"BUTTODAY'S GIVING landscape is being reshaped by families, where women, Inter-gen and Now-gen givers, along with an emerging cohort of professionals, are channeling funds into newer focus areas,\" added Nundy.

2 mins

Dharavi 2.0

THESE RANGE FROM large city parks to smaller community playgrounds, which will strengthen ecological resilience and enhance quality of life of residents.

1 min

May auto sales dip 4%

THE THREE-WHEELER SEGMENT posted marginal growth of less than 1%, with sales increasing to 99,700 units compared to 99,154 units in the year-ago period.

1 min

Steel Tariffs to Double: Trump

THE DOUBLING OF steel and aluminum levies intensifies Trump's global trade war and came just hours after he accused China of violating an agreement with the US to mutually roll back tariffs and trade restrictions for critical minerals.

2 mins

Cut in import duty on crude cooking oil to boost local processing

Sharp Rise

2 mins

Minimum balance rule waived by Canara Bank

Canara Bank has waived the Average Monthly Balance requirement across all types of savings bank accounts, including regular savings, salary, and NRI accounts.

1 min

Adani Energy board okays ₹4,300-cr QIP

ADANI ENERGY SOLUTIONS

1 min

Process reforms vital for GDP growth

Economist Sanjeev Sanyal has said that India's economic growth rate of 6 to 7% is a result of many \"process reforms\" undertaken that are not part of the headlines.

1 min

Kotak Mahindra Bank deputy MD Ekambaram to retire

SHANTI EKAMBARAM, KOTAK Mahindra Bank's deputy managing director and director on the bank's board will retire from her position at the end of her current term on October 31, the bank notified to the exchanges on Saturday.

1 min

CBIC Debunks Social Media Claims of Delay in Granting GST Registration

The CBIC on Saturday debunked a claim circulating on social media about delays and corruption in granting GST registration, saying the applicant has yet to furnish details sought by Delhi state GST officers.

1 min

Vi net loss widens to ₹7,166 crore in Q4

Ebitda came in 1.12% lower than Q3, at ₹4,659.7 cr

1 min

The man who is fully self driving

Love him or hate him, you just can't ignore Elon Musk

4 mins

The era of Swadeshi

How businesses that boomed right after independence focused on making India great

4 mins

Period pain may not always be routine

While mostly ignored, some menstrual cramps can be accompanied by underlying health conditions such as PCOS and endometriosis. Here's what you should know

5 mins

New Covid strains are more transmissible, but less severe

Refresher on Covid dos and don'ts

2 mins

For Your Next Italian Getaway, A Taste of La Dolce Vita

A selection of new and restored hotels and luxury villas await in Rome, Tuscany and beyond

4 mins

The Month Of Pride

Globally, this month will see a powerful celebration of identity, love, and equality

3 mins

Greening the threads

How Indian climate tech startups are making fashion sustainable

3 mins

That's the way the cookie crumbles

Despite the dosti, America deported Indian 'illegal' immigrants in handcuffs and leg chains. Not a word of protest from the Prime Minister. Steep tariffs were imposed on imports from India; not a word.

4 mins

Man Utd — now a pale shadow of a giant

MANCHESTER UNITED LOST to an ASEAN All-Star XI on their trip to South-East Asia, and manager Ruben Amorim was of the opinion that the booing they received from the large crowd in Kuala Lumpur would have done his players some good.

4 mins

The power of dairy: Nourishing India, empowering the world

As we raise a glass of milk this World Milk Day, let us celebrate not just a beverage but a symbol of purity, strength and sustenance.

3 mins

Global forest loss hit a record last year as fires raged

Forests disappeared at a rate of 18 soccer fields every minute

2 mins

China's May Factory Activity Contracts

CHINA'S FACTORY ACTIVITY contracted in May, according to an official survey, although the decline slowed from April as the country reached a deal with the US to slash President Donald Trump's sky-high tariffs.

1 min

Iran Boosts Near Weapons-Grade Uranium Stock

IRAN HAS INCREASED its stockpile of uranium enriched to near weapons-grade levels, a confidential report by the UN nuclear watchdog said and called on Tehran to urgently change course and comply with the agency's probe.

1 min

Colombia Withdraws Pro-Pak Statement

COLOMBIA HAS WITHDRAWN a statement offering condolences to Pakistan for the loss of lives following India's military strikes in response to the Pahalgam attack after an Indian parliamentary delegation explained Islamabad's relentless support to cross-border terrorism.

1 min

The one-man army who saved the tiger — with love and awe

CONSERVATIONIST AND TIGER chronicler Valmik Thapar passed away early this morning after a brave and tough fight with cancer at his Kautilya Marg residence in New Delhi. He was diagnosed with cancer in his digestive tract.

3 mins

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