June 3, 2026

Business

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District economy data: Govt issues uniform framework for district GDP estimates with 2022-23 base year

contact@dailyupdatesindia.com02 mins

The statistics ministry on Wednesday released a uniform framework for compiling district-level economic output estimates with the revised base year of 2022-23, a move aimed at improving consistency and comparability of economic data across states and Union Territories, PTI reported.The Ministry of Statistics and Programme Implementation (MoSPI) said the finalised Guideline for Compilation of District…

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Rupee slides 40 paise to 95.76 against dollar as tariff concerns, oil prices weigh on sentiment

contact@dailyupdatesindia.com03 mins

The rupee weakened for a second straight session on Wednesday, falling 40 paise to close at 95.76 against the US dollar amid concerns over proposed US tariffs, rising crude oil prices, persistent foreign fund outflows and escalating geopolitical tensions, PTI reported.Forex traders said investor sentiment came under pressure after the Office of the United States…

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India’s 500 GW clean energy goal could create 44 lakh jobs, says study

contact@dailyupdatesindia.com03 mins

New Delhi: India’s target of achieving 500 GW of non-fossil fuel capacity by 2030 could generate more than 44 lakh full-time equivalent (FTE) jobs, with rooftop solar emerging as the single largest employment generator, accounting for nearly 43% of the total, according to a new study.The findings are significant as rooftop solar gains momentum across…

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India’s economy shows resilience amid geopolitical uncertainty, says RBI deputy governor

contact@dailyupdatesindia.com03 mins

India’s economy has remained resilient despite geopolitical tensions, supply-chain disruptions and volatile commodity prices, supported by strong industrial and services activity, broad-based demand and improving corporate performance, RBI Deputy Governor Swaminathan J said.In a speech at the School of International and Public Affairs (SIPA), Columbia University, the Deputy Governor said inflation remains within the Reserve…

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Grid stability, large-scale integration of renewable energy discussed in Parl panel meet

contact@dailyupdatesindia.com02 mins

New Delhi: Emerging requirements of grid stability amid India’s growing electricity demand, large-scale renewable energy integration, and the increasing share of inverter-based generation resources and bulk loads were discussed in a meeting of the parliamentary consultative committee of the ministry of power on Tuesday.Chaired by Union power minister Manohar Lal, the meeting stressed the need…

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Planning to get your first loan or credit card? How lenders evaluate new-to-credit customers – explained

contact@dailyupdatesindia.com07 mins

Understanding how lenders evaluate applications can help you improve your chances of accessing formal credit. (AI image) Getting your first loan or credit card can often be a challenge. Your lack of credit history makes it difficult for lenders to assess your creditworthiness, which essentially means banks and NBFCs have no historic data around your…

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US stock markets today (June 3, 2026): Oil nears $100 amid Iran tensions, Wall Street stays close to record highs

contact@dailyupdatesindia.com03 mins

Rising oil prices and renewed tensions involving Iran weighed on US equities on Wednesday, but Wall Street remained close to record levels as investors continued to bet on a potential reopening of the Strait of Hormuz and drew support from strong corporate earnings.The S&P 500 slipped 0.2% from its all-time high, while the Dow Jones…

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Why did TCS shares crash over 8% today? Stock logs worst single-day fall since Covid-era rout

contact@dailyupdatesindia.com04 mins

Just a day after helping power a sharp rebound in technology stocks, Tata Consultancy Services (TCS) turned into one of Dalal Street’s biggest losers on Wednesday, with the stock plunging more than 8% in its steepest single-day decline since the Covid-driven market crash of March 2020.The sell-off erased the gains accumulated during the recent rally…

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