May 2025

May 2025

Soon, PF Withdrawals via UPI and ATM Likely: EPFO Plans Major Upgrade in June for Emergency Access

Soon, PF Withdrawals via UPI and ATM Likely: EPFO Plans Major Upgrade in June for Emergency Access

The Central Government is preparing to roll out a significant upgrade to the Employees’ Provident Fund Organisation (EPFO) system in June...

India’s Kaveri Jet Engine Nears Milestone, Netizens Demand Increased Funding for Indigenous Tech

India’s Kaveri Jet Engine Nears Milestone, Netizens Demand Increased Funding for Indigenous Tech

Over the past two days, the hashtag ‘Fund Kaveri Engine’ has been trending on social media platform X...

ITR Filing for FY 2024-25 Begins as Department Releases Forms

ITR Filing for FY 2024-25 Begins as Department Releases Forms

The Income Tax Department has released the Excel utilities for ITR-1 and ITR-4 for the financial year 2024-25 (assessment year 2025-26), al…

Check if someone is misusing your ID for fake SIM cards: Quick verification possible in just one minute at home

Check if someone is misusing your ID for fake SIM cards: Quick verification possible in just one minute at home

With the rising number of online fraud cases across India, it is becoming increasingly important for individuals to ensure their identifica…

Trump Administration Cancels Moderna’s Bird Flu Vaccine Contract, Final-phase funding withdrawn

Trump Administration Cancels Moderna’s Bird Flu Vaccine Contract, Final-phase funding withdrawn

The Trump administration has rescinded a crucial federal contract awarded to Moderna for the final-stage development of its bird flu vaccin…

US Court Blocks Trump's Tariff Order, Calls It Unconstitutional Overreach

US Court Blocks Trump's Tariff Order, Calls It Unconstitutional Overreach

A US federal trade court has struck down former President Donald Trump's sweeping tariff order, calling it unconstitutional...

RBI Buys 72.6 Tonnes of Gold in 2024; Currency Printing Cost Rises 25% to ₹6,373 Crore

RBI Buys 72.6 Tonnes of Gold in 2024; Currency Printing Cost Rises 25% to ₹6,373 Crore

The Reserve Bank of India (RBI) added 72.6 tonnes of gold to its reserves in 2024 and purchased an additional 2.8 tonnes in the first two m…

Guava Wine Trend Rises in India; Popular U.S. Variant Priced at INR 1,879 Per Bottle

Guava Wine Trend Rises in India; Popular U.S. Variant Priced at INR 1,879 Per Bottle

Guava, a tropical fruit mostly relished as a snack or juice, is now making its way into the winemaking industry...

India Acts Against Turkish Firm: Services Cancelled at Chennai Airport After Similar Moves in Delhi, Mumbai, Ahmedabad

India Acts Against Turkish Firm: Services Cancelled at Chennai Airport After Similar Moves in Delhi, Mumbai, Ahmedabad

On May 15, the Bureau of Civil Aviation Security (BCAS) revoked the security clearance of Turkish aviation firm Çelebi...

Bank Deposit Insurance Cover May Rise to Rs 10 Lakh: Government Likely to Announce Hike Within 6 Months

Bank Deposit Insurance Cover May Rise to Rs 10 Lakh: Government Likely to Announce Hike Within 6 Months

The Indian government is considering a proposal to increase the deposit insurance limit from the current Rs 5 lakh to Rs 10 lakh...

SEBI's Former Chief Madhabi Puri Buch Cleared in Hindenburg Case; Lokpal Finds No Evidence of Wrongdoing

SEBI's Former Chief Madhabi Puri Buch Cleared in Hindenburg Case; Lokpal Finds No Evidence of Wrongdoing

The Lokpal of India has exonerated former SEBI Chairperson Madhabi Puri Buch from all allegations related to the Hindenburg-Adani controver…

BSNL Posts Rare Profit After 18 Years: ₹280 Crore Net Gain in Q4 FY25

BSNL Posts Rare Profit After 18 Years: ₹280 Crore Net Gain in Q4 FY25

In a significant financial milestone, Bharat Sanchar Nigam Limited (BSNL) has posted a net profit of ₹280 crore for the fourth quarter of F…

India Remains Apple's Preferred Manufacturing Hub Amid Trump's Tariff Threats

India Remains Apple's Preferred Manufacturing Hub Amid Trump's Tariff Threats

Despite U.S. President Donald Trump's threat to impose a 25% tariff on iPhones manufactured outside the United States, Apple continues to p…

RBI announces record surplus transfer of ₹2.69 lakh crore to central government

RBI announces record surplus transfer of ₹2.69 lakh crore to central government

The Reserve Bank of India (RBI) has announced a record surplus transfer of ₹2.69 lakh crore to the central government for the fiscal year 2…

India Surpasses Japan to Become World's Fourth-Largest Economy

India Surpasses Japan to Become World's Fourth-Largest Economy

India has officially overtaken Japan to become the world's fourth-largest economy, marking a significant milestone in its economic ascent...

Government Approves 8.25% Interest Rate on EPF Deposits for FY 2024–25

Government Approves 8.25% Interest Rate on EPF Deposits for FY 2024–25

The Ministry of Finance has ratified an 8.25% interest rate on Employees' Provident Fund (EPF) deposits for the financial year 2024–25...

Yes Bank Stake Sale: SBI to Offload 20%, Japan's SMBC Eyes Majority Control

Yes Bank Stake Sale: SBI to Offload 20%, Japan's SMBC Eyes Majority Control

Japan’s Sumitomo Mitsui Banking Corporation (SMBC) is in talks to acquire a major stake in India’s private sector lender, Yes Bank...

Market Investors Lose ₹8.5 Trillion in Four Months, Still Declining

Market Investors Lose ₹8.5 Trillion in Four Months, Still Declining

The stock market reached its peak in September 2024, but conditions have since changed drastically...

India’s Defence Exports Vault to Record Rs 23,622-cr in FY 25

India’s Defence Exports Vault to Record Rs 23,622-cr in FY 25

The country’s defence exports have vaulted to a record Rs 23,622-crore in FY 25, reflecting a memorable milestone in its pursuit of self-re…

UK Court Denies Nirav Modi's Bail for Eighth Time in PNB Scam Case

UK Court Denies Nirav Modi's Bail for Eighth Time in PNB Scam Case

On May 15, 2025, the UK High Court rejected Nirav Modi's eighth bail application, reinforcing his continued detention in connection with th…

Trump Urges Apple to Shift iPhone Production to US, Sparking Cost Concerns

Trump Urges Apple to Shift iPhone Production to US, Sparking Cost Concerns

Former U.S. President Donald Trump has publicly urged Apple CEO Tim Cook to relocate iPhone manufacturing from India to the United States...

Byju Raveendran Denies Fugitive Allegations Amidst Byju's Financial Turmoil

Byju Raveendran Denies Fugitive Allegations Amidst Byju's Financial Turmoil

Byju Raveendran, founder and CEO of the embattled edtech company Byju's, has publicly denied allegations labeling him a fugitive...

India's Boycott of Turkey Intensifies: Trade, Tourism, and Strategic Ties Severed

India's Boycott of Turkey Intensifies: Trade, Tourism, and Strategic Ties Severed

India has initiated a comprehensive boycott of Turkey and Azerbaijan following their overt support for Pakistan during recent geopolitical …

Major Developments in India's Defense and Aviation Sectors, Defense Stocks Surge Post Operation Sindoor

Major Developments in India's Defense and Aviation Sectors, Defense Stocks Surge Post Operation Sindoor

Following India's military operation, "Operation Sindoor," against Pakistan, there has been a significant rally in defense sector stocks...

India Shuts All Trade Routes to Pakistan, Intensifies Scrutiny of Gulf Shipments

India Shuts All Trade Routes to Pakistan, Intensifies Scrutiny of Gulf Shipments

In the wake of the April 22 Pahalgam terror attack that claimed 26 lives, India has imposed a comprehensive trade ban on Pakistan...

Virat Kohli: From Cricket Icon to India’s Most Powerful Brand, Outpaced Bollywood's Biggest Names

Virat Kohli: From Cricket Icon to India’s Most Powerful Brand, Outpaced Bollywood's Biggest Names

Virat Kohli, one of India’s highest-earning athletes, started his journey with a BCCI A+ central contract that earns him ₹7 crore annually.…

Rafale Strikes Boost Dassault Shares; China’s Shenyang Tumbles as India Targets Terror Camps, Air Bases

Rafale Strikes Boost Dassault Shares; China’s Shenyang Tumbles as India Targets Terror Camps, Air Bases

Shares of France’s Dassault Aviation rose 1.16% after Indian Rafale jets struck multiple terror camps and air bases in Pakistan during prec…

Missed Call-SMS Can Also Help You Check PF Details: UAN and Aadhaar Linking Essential, 5 Easy Ways to Access Your PF Account

Missed Call-SMS Can Also Help You Check PF Details: UAN and Aadhaar Linking Essential, 5 Easy Ways to Access Your PF Account

The Employees’ Provident Fund Organisation (EPFO) is set to introduce instant Provident Fund (PF) withdrawals via Unified Payments Interfac…

Ceasefire Between India and Pakistan Faces Immediate Challenges Amid Market Volatility

Ceasefire Between India and Pakistan Faces Immediate Challenges Amid Market Volatility

On May 10, 2025, India and Pakistan agreed to an immediate ceasefire following four days of intense fighting, including drone and missile a…

US-China Trade Truce: Major Tariff Cuts Announced in Geneva, Temporary 90-Day Agreement Aims to Ease Trade Tensions

US-China Trade Truce: Major Tariff Cuts Announced in Geneva, Temporary 90-Day Agreement Aims to Ease Trade Tensions

In a significant move to de-escalate ongoing trade tensions, the United States and China have agreed to a substantial reduction in tariffs,…

IMD Predicts Early Arrival of Monsoon This Season

IMD Predicts Early Arrival of Monsoon This Season

The India Meteorological Department (IMD) has said that the south-west monsoon is likely to arrive on the Kerala coast on May 27....

IMF Gives $7 Billion Loan to Pakistan Despite India's Concerns of Terrorism Funding

IMF Gives $7 Billion Loan to Pakistan Despite India's Concerns of Terrorism Funding

The International Monetary Fund (IMF) approved a $1.4 billion loan to Pakistan under its climate resilience program and completed the first…

Bluechip Mutual Funds Delivering Robust Returns Amid Market Volatility

Bluechip Mutual Funds Delivering Robust Returns Amid Market Volatility

In the face of recent market volatility, bluechip mutual funds, also known as large-cap funds, have demonstrated resilience by delivering i…

Atal Pension Yojana Marks 10 Years: Affordable Retirement Security for India's Unorganised Sector

Atal Pension Yojana Marks 10 Years: Affordable Retirement Security for India's Unorganised Sector

Launched on May 9, 2015, by Prime Minister Narendra Modi, the Atal Pension Yojana (APY) has completed a decade, providing financial securit…

CCPA Cracks Down on E-Commerce Platforms Over Illegal Walkie-Talkie Sales

CCPA Cracks Down on E-Commerce Platforms Over Illegal Walkie-Talkie Sales

On May 9, 2025, the Central Consumer Protection Authority (CCPA) issued notices to 13 e-commerce platforms, including Amazon, Flipkart, Mee…

Swiggy's Q4 FY25 Loss Nearly Doubles to Rs1,081 Crore Despite 45% Revenue Surge

Swiggy's Q4 FY25 Loss Nearly Doubles to Rs1,081 Crore Despite 45% Revenue Surge

In Q4 FY25, Swiggy's revenue from operations surged to Rs4,410 crore, marking a 45% increase from Rs3,045 crore in Q4 FY24...

Dassault Aviation Shares Surge Amid India-Pakistan Tensions and Robust Financial Performance

Dassault Aviation Shares Surge Amid India-Pakistan Tensions and Robust Financial Performance

In the wake of escalating tensions between India and Pakistan, shares of French aerospace company Dassault Aviation have experienced a nota…

India Bans Pakistani Content on OTT Platforms Amid Rising Tensions

India Bans Pakistani Content on OTT Platforms Amid Rising Tensions

In response to escalating tensions following the Pahalgam terror attack, the Indian government has mandated all OTT and streaming platforms…

International Airlines Avoid Pakistani Airspace Amid India-Pak Tensions

International Airlines Avoid Pakistani Airspace Amid India-Pak Tensions

Following the recent terror attack in Pahalgam, Jammu & Kashmir, tensions between India and Pakistan have escalated...

Paytm Reports ₹545 Crore Loss in Q4; Revenue Drops 11% YoY

Paytm Reports ₹545 Crore Loss in Q4; Revenue Drops 11% YoY

Online payments and financial services firm Paytm reported a consolidated net loss of ₹545 crore for the fourth quarter of FY25...

FY25 Sees Over 2.6 Crore Vehicles Sold: Maruti Tops with 1.38 Lakh Cars in April, Hero Leads

FY25 Sees Over 2.6 Crore Vehicles Sold: Maruti Tops with 1.38 Lakh Cars in April, Hero Leads

In the financial year 2024-25 (FY25), India's automotive sector witnessed robust growth, with total vehicle sales surpassing 2.6 crore unit…

Vizhinjam Port to Help India Save USD 220-mn Annually

Vizhinjam Port to Help India Save USD 220-mn Annually

India’s Prime Minister Mr Narendra Modi on May 2 of this year commissioned the country’s first deep water transhipment port in Kerala’s Viz…

Double in 5 Years and Triple in 7.5 Years: How Much Will Your Money Grow in 10 Years?

Double in 5 Years and Triple in 7.5 Years: How Much Will Your Money Grow in 10 Years?

Many people ask how long it will take for their investments in banks or post offices to double or triple...

India urges Asian Bank to halt financial aid to Pakistan

India urges Asian Bank to halt financial aid to Pakistan

In the wake of the April 22 terror attack in Pahalgam, India has intensified its diplomatic efforts to block international funding to Pakis…

Samsung Challenges Indian Government Over ₹4,451 Crore Tax Demand

Samsung Challenges Indian Government Over ₹4,451 Crore Tax Demand

Samsung has filed a petition before India’s tax tribunal challenging a tax demand notice of ₹4,451 crore (around \$520 million)...

SEBI Accuses Pranav Adani of Insider Trading in SB Energy Acquisition

SEBI Accuses Pranav Adani of Insider Trading in SB Energy Acquisition

India's Securities and Exchange Board (SEBI) has accused Pranav Adani, nephew of billionaire Gautam Adani and director in several Adani Gro…

Warren Buffett Announces Retirement, To Retire After 60 Years at Berkshire Hathaway; Greg Abel Named Successor

Warren Buffett Announces Retirement, To Retire After 60 Years at Berkshire Hathaway; Greg Abel Named Successor

At Berkshire Hathaway’s annual shareholder meeting on May 3, 2025, Warren Buffett, 94, announced his decision to retire as CEO by the end o…

Pakistani Hackers Target Indian Users with Malicious PDFs: Over 1 Million Cyberattacks Reported

Pakistani Hackers Target Indian Users with Malicious PDFs: Over 1 Million Cyberattacks Reported

Following the Pahalgam terrorist attack, India has witnessed a significant uptick in cyberattacks, surpassing one million incidents...

SBI’s In-come Surges to ₹1.44 Lakh Crore Despite Profit Dip

SBI’s In-come Surges to ₹1.44 Lakh Crore Despite Profit Dip

India’s largest public sector bank, the State Bank of India (SBI), reported a total income of ₹1.44 lakh crore in the January–March quarter…

Apple Shifts Half of iPhone Production to India, 50% iPhones Sold in US Now Made in India

Apple Shifts Half of iPhone Production to India, 50% iPhones Sold in US Now Made in India

Apple CEO Tim Cook recently revealed that half of all iPhones sold in the United States are now being manufactured in India...

Domestic air travel rises 9% in March; IndiGo dominates with highest market share, punctuality

Domestic air travel rises 9% in March; IndiGo dominates with highest market share, punctuality

India’s domestic aviation sector witnessed a robust surge in passenger traffic in March 2025, with over 1.45 crore passengers flying within…