Row erupts over Tamil poet’s saffron-clad attire
A political controversy in Tamil Nadu arose over Thiruvalluvar depicted in saffron attire, prompting criticism from DMK and allies, while BJP defended the color.
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Indian Banks Shift as Low-Interest Term Deposits Surge to 61.8%
In a significant shift within the Indian banking sector, term deposits offering less than 7% interest have jumped to 61.8% in fiscal year 2026. This trend follows policy rate cuts totaling 125 basis points, leading banks to reprice their liabilities. Data shows a clear preference for longer-term tenures, particularly in the one-to-three-year bracket. This movement indicates a structural change where savers are moving away from traditional savings accounts toward term deposits to secure returns.
FPI Selling Weights on Indian Large Caps; Midcaps Show Resilience
Indian equities are facing a volatile June as Foreign Portfolio Investors (FPI) continue to sell off large-cap stocks amid geopolitical tensions. While blue-chip companies are under pressure, midcap and smallcap segments are expected to remain resilient, supported by strong domestic liquidity. Market participants are cautious but many view the current volatility as a buying opportunity in anticipation of a market recovery in July. The contrast between foreign selling and domestic buying remains the key theme.
SC: Law is against commercialising prostitution, doesn't want to ban it
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Cepeda, de la Espriella advance in Colombia’s presidential election
The left-wing senator and far-right newcomer will face each other in a runoff on June 21, with security a top issue.