The Reserve Bank of India (RBI) has chosen to frontload its rate cuts, turning to support growth amid benign inflation prospects, according to a Crisil report, which expects one more repo rate cut this fiscal (FY26), and a pause after that.

The global ratings agency also expects India’s GDP at 6.5 per cent this fiscal, with risks on the downside due to US tariff hikes.

Crisol listed some factors which are expected to help domestic growth hold up against global tariff risks.

“Positive outlook on rains and crude oil prices and healthy external accounts — low current account deficit and low short-term debt — with sufficient forex reserves will provide a buffer against global turbulence,” said the global financial insights major.

The National Investigation Agency (NIA) has filed a chargesheet against Maoist cadre Ashu Korsa in connection with the targeted killing of an Indian Army jawan, Motiram Achala, in Chhattisgarh.

The chargesheet, filed in the NIA special court in Jagdalpur, outlines Korsa's involvement in a larger conspiracy orchestrated by the banned CPI (Maoist) to eliminate Achala.

Achala, a soldier visiting his native village, was brutally shot dead on February 25, 2024, while attending a local fair in Useli village in the Amabeda area of Kanker district.

The attack, carried out in full public view, was intended to instil fear among locals and deter individuals associated with security forces.

Lending rates are expected to drop by about 30 basis points (bps) after the recent cut in policy rates, according to a new SBI report.

This change will be felt most immediately in loans linked to the External Benchmark Lending Rate (EBLR), which account for around 60 per cent of all loans given by Scheduled Commercial Banks (ASCBs), as per the data compiled by State Bank of India (SBI) Research said.

The report said that because of this high share of EBLR-linked loans, the impact of the policy rate cut will be passed on quickly, making loans cheaper for many borrowers.

“This move is aimed at reducing borrowing costs and boosting demand in the economy,” the report added.

The Nifty Microcap 250 index posted a strong performance in the month of May, rising 12.10 per cent, while the Nifty Smallcap 250 also recorded an impressive 9.59 per cent gain, according to a report released on Saturday.

The broader market remained positive throughout the month, with smaller companies leading the rally, said the latest 'Global Market Snapshot' report by Motilal Oswal Asset Management Company.

Over the past year, the Nifty Microcap 250 grew by 13.74 per cent, and the Nifty Smallcap 250 gained 7.72 per cent, showing continued investor interest in micro and small-cap stocks.

Other major indices also posted gains in May. The benchmark Nifty 50 rose 1.71 per cent, while the Nifty Next 50 and Nifty Midcap 150 advanced by 3.49 per cent and 6.30 per cent, respectively.

The Securities and Exchange Board of India (SEBI) has issued a corrigendum to its interim order against IndusInd Bank Limited, replacing a key reference to clarify the nature of documents involved in the bank’s internal dealings.

The market regulator said the term ‘board note’ used in its earlier order would now be read as ‘engagement note’.

This correction comes as SEBI continues to investigate accounting irregularities at the private sector lender.

Earlier, the regulator had mentioned that global consulting firm KPMG was appointed by IndusInd Bank in February 2024 based on a ‘board note’.

However, it has now clarified that KPMG’s appointment was actually based on an ‘engagement note’, a less formal document usually used for assigning tasks to external consultants.

A flight carrying 192 Venezuelan migrants deported from the United States arrived at the Simon Bolivar International Airport in Maiquetia, which serves the capital Caracas area, the Ministry of Interior, Justice and Peace of Venezuela reported.

According to a press release on Friday, the flight, operated by a US-registered aircraft, carried 156 men, 26 women, and 10 minors.

The returned migrants were attended to under established medical, legal, and social protocols.

Since February, Venezuela has been receiving two to three flights per week of individuals deported by US authorities, including those relocated from Mexico and Honduras, reports news agency.

So far in 2025, a total of 5,475 deported migrants have been processed under the government's Plan Vuelta a la Patria, designed to facilitate their return, official figures indicate.

Diksha Dagar added a second-day round of 3-under 69 to her first-round 70 at the Tenerife Women’s Open to move to third place.

The 24-year-old is 5-under for two rounds. She is Tied third and four shots behind sole leader, Lauren Walsh (67-68) who is at 9-under at Abama Golf.

Avani Prashanth played three over par 75 on the second day to fall down the standings to tied 43. Tvesa Malik (73-75), Hitaashee Bakshi (72-76) and Sneha Singh (77-79) failed to make the cut, which was set three over par.

Diksha picked up a shot on the third hole before dropping one on the fifth but immediately got it back on the sixth and grabbed one more on the ninth. On the back nine Diksha made birdies on the 11th and 12th holes. She dropped a double bogey on the 16th hole before recovering with a birdie on the 17th for a 69.

Actor Ahan Shetty and his sister Athiya have mourned the loss of their pet Brody, a husky.

Athiya, who is married to cricketer KL Rahul, took to her Instagram stories, where she shared a post featuring her with Brody and her brother Ahan. She also posted some old pictures and clips of her parents Suniel Shetty and mother Manna playing with their furry friend.

She wrote: “My brodu.. I can't even imagine a life and home without you. Thank you for being the best part of our childhood. Rest in peace my ladoo Ram.”

For Ahan, it was “the hardest goodbye.”

He took to Instagram and posted a string of pictures with Brody, whom he called his brother, safe space and heart.”

Australia legend Ricky Ponting has thrown his weight behind Shubman Gill as India’s new Test captain and outlined how he believes the side could shape up for their upcoming five-Test tour of England — their first without stalwarts Virat Kohli and Rohit Sharma.

Both Kohli and Rohit, two of India’s modern greats, announced their retirements from Test cricket earlier this month, prompting a generational shift as India looks to the future. At just 25, Gill has been entrusted with the captaincy — a move that raised eyebrows among some pundits, but not Ponting.