65-year-old Shukla will first get the acting president role for three months. With the Annual General Meeting (AGM) in September, the month he would turn 66, he could stand for the post of full-time president in the elections, added the sources.
The Reserve Bank of India (RBI) is expected to announce a 50 basis points (bps) cut in the repo rate in its upcoming monetary policy announcement on June 6, according to a report by the State Bank of India (SBI).
The India Meteorological Department (IMD) on Friday said that very heavy to extremely heavy rainfall is likely to continue over the Northeastern states until May 31 as the depression over Bangladesh is likely to move nearly north-northeastwards and weaken into a well-marked low pressure area
Samsung Electronics is likely to spin off its foundry business from the broader semiconductor division, on the same conflict of interest that separated Samsung Biologics from its biosimilar business and contract drug manufacturing, reports the Korea Herald.
As per the India Meteorological Department (IMD), strong westerly winds are likely to persist at lower tropospheric levels over Kerala and the Lakshadweep region for the next two to three days, resulting in widespread rainfall.
As per a report by ICICI Bank, this marked a stronger growth momentum in the second half of the financial year compared to the first half, powered by a rise in government spending and a pick-up in rural demand, domestic travel and services exports.
The weather in Rajasthan is expected to remain hot and humid over the next few days, with the heat wave continuing in western Rajasthan and thunderstorms expected in eastern Rajasthan.- The maximum temperature in western Rajasthan, particularly in the border areas of Jaisalmer, Phalodi, Bik
With DMK allocating one Rajya Sabha seat to Makkal Needhi Maiyam, its founder and actor Kamal Haasan is likely to enter the Upper House of the Parliament. Besides, the ruling party has named its three candidates for the Rajya Sabha election scheduled for June 19 this year.
Southwest monsoon rainfall over India is expected to be 106 per cent of the Long Period Average, India Meteorological Department said on Tuesday. This projection is more than the 105 per cent forecast in the April update.
The India Meteorological Department (IMD) has said that Odisha is likely to receive a good wet spell in the next 4-5 days due to a low pressure area formed over north-west Bay of Bengal off Odisha coast.
India's Index of Industrial Production, a measure of industrial output, will decelerate to 1.2 per cent year on year in April 2025 from 3 per cent in March due to the broad-based slowdown in economic activity, particularly mining and manufacturing.