MAY

China's fiscal revenue declined by 2.8% in the first five months of 2024 compared to the same period last year, reflecting a deepening economic slowdown. Weak demand continued to weigh on the recovery, with fiscal expenditure rising by 3.4% during t...

The production of ‘The Thursday Murder Club' will begin in June. The movie is based on a book written by Richard Osman and will see a power packed cast of actors who will be a part of this venture.

US retail sales increased by 0.1% in May, lower gasoline prices affected service station receipts. Sales growth slowed due to high prices and interest rates, impacting discretionary spending. Banks tightened credit access for lower income borrowers ...

India's trade deficit widened to $23.78 billion, falling short of economists' $19.5 billion projection, per a Reuters poll. May saw a 9% increase in merchandise exports to $38.13 billion, driven by engineering goods, commercial vehicles, and smartph...

India's Wholesale Price Index (WPI) surged to a 15-month high of 2.61 percent in May, up from 1.26 percent in April 2023. This increase was notably higher compared to the 3.48 percent decline seen in May 2023. The numbers accelerated significantly, ...

In May, equity mutual funds experienced a notable 83% increase in inflows to Rs 34,697 crore from April's Rs 18,917 crore. Sectoral/thematic funds saw a remarkable 272% surge, reaching Rs 19,213.43 crore from Rs 5,166.05 crore in April. Flexi cap fu...

Indians faced extreme heat during the biggest electoral exercise in May, with temperatures reaching record highs. Voter turnout was affected by the hot weather, as reported by ToI using data from the India Meteorological Department.

In May, China's exports surged by 7.6% year-on-year to $302.35 billion, surpassing expectations, despite ongoing trade tensions. Imports, however, grew only by 1.8%, missing forecasts of 4% growth. This led to a widened trade surplus of $82.62 billi...

Deal activity in May dropped by 3% to $5.023 billion. Mergers and acquisitions fell by 58%, but private equity deals rose by 49%. Largest deals include Google's $350 million investment in Flipkart and Manipal Health's majority acquisition of Medica ...

Activity in the US services sector rebounded in May, surpassing expectations, with the ISM services index rising to 53.8%. Chair Anthony Nieves noted higher business activity, new orders growth, and employment challenges.

An official statement said the national transporter carried 139.16 million tonnes (MT) of freight in May 2024. This is 3.6% higher than 134.16 MT loading achieved in May 2023. An official statement said, Rs 15,230.90 crore freight revenue was clocke...

India's import of refined products from Russia increased by 14% in May, with naphtha imports tripling. State-run refiners brought in 77% more Russian products, but imports were lower than China and Europe.

Delhi witnessed a high-voltage electoral battle in the Lok Sabha elections 2024 with key contests like Praveen Khandelwal vs Congress' JP Agarwal and Kanhaiya Kumar vs Manoj Tiwari.

India's coal production rose by 10.15% to 83.91 million tonnes in May, with Coal India Ltd accounting for over 80% of output.

Nifty is expected to cross its current all-time high of 23,110 early this week driven by optimism around the exit polls that is hinting at the BJP-led NDAreturning to power with a strong majority. Analysts expect short covering if Nifty holds above ...

The exit polls on Saturday predicted that the BJP-led National Democratic Alliance (NDA) is expected to double its tally in Odisha in the 2024 Lok Sabha elections. The BJP is making an effort to enter the bastion of Biju Janata Dal.

Passenger vehicle wholesales in India grew marginally in May due to the high base effect and muted demand during the general elections. Maruti Suzuki, Hyundai, Tata Motors, Mahindra & Mahindra, Toyota Kirloskar Motor, Kia India, and MG Motor India a...

Tata Motors reported a 2% increase in total wholesales for May, with 76,766 units compared to 74,973 units last year. Domestic sales also grew by 2%, reaching 75,173 units. Passenger vehicle sales, including electric vehicles, rose to 47,075 units f...

Hyundai Motor India Ltd (HMIL) saw a 7% year-on-year rise in total sales, reaching 63,551 units in May. Domestic vehicle dispatches increased by 1% to 49,151 units, while exports surged by 31% to 14,400 units. Despite a maintenance shutdown, HMIL ma...