Pralay Mondal, MD & CEO, CSB Bank, said: 

"The FCNR deposit swap facility has come in at the right time. We have seen Money Market rates and Bulk Deposit rates rising last month. The swap window help banks raise FCNR deposits closer to domestic deposit rates and remove the stress from short term domestic rates. It's a win win for NRIs and Banks both as NRIs receive some spread over US rates. The spreads have narrowed in the recent past and banks get another avenue to raise much needed deposits. It will help ease pressure on short term rates, bring dollars into the country, support rupee stability by augmenting foreign currency inflows and help improve LCR for the banks."

According to experts, even experienced market participants are falling into traps despite spending years analysing markets. Read full report here

Housing.com, India's No.1 Real Estate App, today announced the launch of its native property search experience on ChatGPT, enabling home seekers to discover properties through natural, conversational interactions.

The launch marks another step in Housing.com's ongoing effort to make home buying and renting simpler through technology. Users can now search for properties, refine their preferences, compare options, and discover homes just like having a conversation, making the property search experience more seamless and personalized.

The launch comes at a time when generative AI is reshaping how consumers discover information, products, and services online. By bringing its property search experience to ChatGPT, Housing.com is positioning itself at the forefront of this shift and making real estate discovery more accessible, intelligent, and user-centric. And not just that, Housing.com is also investing in the future of property viewing experience. 

The Delhi High Court has passed an order dated May 6, 2026, noting that the Enforcement Directorate (ED) has unconditionally withdrawn the Press Release dated April 26 2025, raising allegations against FIITJEE and its Directors and Officers.

The Petitioners (FIITJEE) had challenged the now impugned, Press Release, issued by the ED's Lucknow Zonal Office on April 26, 2025, after searches were conducted at the Noida and Delhi offices of FIITJEE and residences of certain Directors and Officers.

The unconditional withdrawal of the impugned Press Release vindicates the consistent stand of FIITJEE and its Directors that the allegations were baseless and unsupported by evidence.

Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops, and supplies semiconductor and infrastructure software solutions, announced significant security investments for the Spring and Java ecosystem, relied on by over half of Fortune 500 companies.

To help the Spring community navigate an unprecedented surge in AI-detected security threats, Broadcom's Tanzu business released the largest set of Spring security updates to open source in Spring's 23-year history. Additionally, for customers, Broadcom is extending its proven clean-room build architecture, foundational to Bitnami, to build the Java dependencies for the entire Spring ecosystem. These investments aim to protect the integrity of Spring and prepare Broadcom's customers for the continued rise in AI-enabled security threats.

Recent federal action establishing a national clearinghouse to coordinate and prioritize software vulnerability remediation underscores the core challenge: threat discovery is accelerating, and the bottleneck has shifted to the speed of remediation.

Financial planners say a growing number of cardholders pay only the minimum amount due on their monthly credit card bills. Read full report here

India continues to sit at the center of global skilled migration flows, but the nature of that dominance is shifting. According to new data from Deel's Global Talent Map, international hiring is now being driven not by cost arbitrage, but by intense global competition for scarce skills, many of them originating in India. 

Analysis from Deel's platform, which spans 40,000+ companies hiring across 150+ countries, shows that visa holders consistently earn more than local workers in comparable roles across major markets, underscoring that global hiring today is driven by skill scarcity, not wage savings.

"Our data signals a structural shift in global hiring behavior. Companies are no longer hiring internationally to reduce costs; they are paying premiums to secure highly specialized talent that domestic labor markets struggle to supply. As a result, solutions like Employer of Record (EOR) are becoming critical in enabling organizations to access global talent pools quickly, compliantly, and without geographical barriers," said Rakesh Gaur, Head of Sales, India at Deel.

HIMSHIKHAR 2026 a residential summer programme conducted by the Centre for Continuing Education (CCE), IIT Mandi, in collaboration with the National Skill Development Corporation (NSDC).

The programme brings together students from across the country for two intensive months, students are learning directly from IIT Mandi faculty, researchers, and industry mentors, gaining deep exposure to emerging fields such as Software Development with AI, Data Science, AI & ML, Agentic AI Systems and Entrepreneurship & Venture Building. An intensive, application-focused learning experience, complemented by student leadership initiatives, governance activities, cultural engagement, and sports. 

Bringing together over 600 students from 8 states and 20 cities, the programme provides participants with an opportunity to experience campus life while engaging in academic, cultural and leadership initiatives.

As part of the programme, four student councils have been constituted across Science & Technology and Entrepreneurship, Sports, Culture and Creative Arts, enabling students to take on leadership responsibilities and contribute to campus life.

The price of 24-carat gold fell Rs 10 in early trade on Thursday, with ten grams of the precious metal trading at Rs 1,48,850, according to the GoodReturns website. However, the price of silver declined by Rs 100, with one kilogram of the precious metal selling at Rs 2,49,900.

BTC cooled off after the U.S. strike on Iran, moving back toward $61.5K after briefly recovering toward $63K. The move came alongside wider market repositioning, with oil near $93, gold around $4K, and U.S. equities also adjusting to the latest geopolitical developments. On the macro side, U.S. CPI rose to 4.2%, mainly due to higher oil and petrol prices. This keeps the Fed cautious on rate cuts, while future hikes remain part of the discussion. Even so, BTC held the $60K-$61K area well, with the Exchange Whale Ratio rising to 61.6%, indicating larger players absorbed selling pressure. A clearer macro catalyst could help sentiment stabilize further.

Akshat Siddhant, Lead quant analyst, Mudrex

Bitcoin remains range-bound between $60,500 and $62,500 as markets struggle to build momentum despite the latest U.S. CPI data coming in line with expectations. While the inflation print reduced concerns of a more aggressive Federal Reserve stance and improved risk sentiment, it was not enough to trigger a sustained rally. The key headwind continues to be institutional selling. On-chain data indicates net institutional sales are running at nearly 450% of daily mined supply, equivalent to roughly 2,000 BTC per day. A slowdown in this selling pressure could help Bitcoin reclaim the $65,000 level, while $59,000 remains the key support zone.

Bitcoin trades near $62,020, and Ethereum near $1,638, with both assets consolidating as key moving averages remain above current prices. Despite near-term caution, crypto adoption continues to advance, with Walmart's crypto payment rollout expanding the use of digital assets in everyday retail transactions and increasing mainstream visibility.



On the macro front, US inflation rose to 4.2%, renewing focus on Bitcoin's fixed-supply design as investors continue to monitor inflation and purchasing power trends.



Institutional interest in blockchain infrastructure remains active, with Japan's three largest banks reportedly targeting a joint stablecoin launch by March 2027, highlighting growing confidence in blockchain-based payment systems.



Meanwhile, TON Strategy reported 3.3 million TON in May staking rewards, supported by network upgrades aimed at improving scalability and efficiency. Beyond finance, Tether is backing robotics firm NEURA Robotics, signaling continued expansion of crypto-linked capital into AI and emerging technologies.

Riya Sehgal, Research Analyst, Delta Exchange

Bitcoin is trading near $62,100 after defending the $60,000-$61,000 demand zone, while Ethereum is stabilising around $1,640 after a sharp drawdown. The recovery in both assets remains tentative. BTC is still trading close to its 20 EMA but below the 50, 100 and 200 EMA on the 4-hour chart, keeping the broader short-term structure weak. For Bitcoin, $63,800 is the key level to reclaim; acceptance above this zone can open a recovery toward $67,000-$69,000, while a break below $60,000 may expose $59,000 and $57,500. ETH has a similar setup, with price still below the 20 EMA near $1,647 and the 50 EMA around $1,705. A move above $1,705 is needed to improve momentum, while $1,570 remains the critical downside level.

The latest U.S. CPI print came broadly in line with expectations, which helped risk assets avoid a sharper sell-off, but inflation remains high enough to keep rate-cut expectations under pressure. Bond market repricing is also becoming a key headwind, as elevated Treasury yields strengthen the dollar and make safe-yield alternatives more attractive.

ETF flows continue to reflect caution, with June 9 seeing outflows from both BTC and ETH spot ETFs. On-chain signals also suggest stress, as whale capitulation and pressure on short-term holders indicate that the market may still be going through a final liquidity test before any durable recovery.

The exemption comes as India steadily expands its biofuel programme to reduce dependence on imported crude oil and promote cleaner energy. Read full report here

At the close on Wednesday, the total market cap of all BSE Sensex companies stood at Rs 4,55,52,092.