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Citing auto sales figures, Congress claims most Indians locked out of consumption economy

New Delhi, May 28 (PTI) Flagging a reported drop in the share of passenger cars in the overall auto sales, the Congress on Wednesday claimed that it points to most Indians being locked out of the consumption economy, growing inequality, stagnant incomes and weak investment. Congress general secretary in-charge of Communications Jairam Ramesh shared a media report which claimed that while the middle class is increasingly unable to transition from two-wheelers to entry-level cars, the sport utility vehicle (SUV) segment is recording a rising share of first-time buyers. There was no immediate response from the government or the BJP. “India

Supporters of Bangladesh’s ex-PM Khaleda Zia rally to call for a general election

DHAKA, Bangladesh, May 28, 2025 (AP) — Tens of thousands of students and youths from a leading Bangladeshi political party rallied in the capital, Dhaka, on Wednesday, calling for a general election in December as discontent grows with the interim government appointed after the ouster of former prime minister Sheikh Hasina in August. Activists from three groups linked to the Bangladesh Nationalist Party, or BNP, headed by former prime minister Khaleda Zia gathered on the streets outside its party headquarters, under heightened security. Wednesday’s rally was held after weeks of political tensions after interim leader and Nobel Peace laureate Muhammad

Rupee settles flat 85.40 against US dollar

Mumbai, May 28 (PTI) The rupee pared losses and settled on a flat note at 85.40 (provisional) against the US dollar in a volatile trade on Wednesday amid rising crude oil prices and a negative trend in domestic equities. Forex traders said increased month-end dollar demand added strength to the American currency, keeping the local unit under pressure, while investors also moved cautiously awaiting cues from domestic macroeconomic data. India’s industrial production data for April will be released later in the day, while the GDP growth figures for the first quarter of FY26 are scheduled to be announced on Friday.

Stock markets close lower for 2nd day; Sensex down 239 pts as ITC tanks over 3 pc

Mumbai, May 28 (PTI) Stock markets declined for the second straight day on Wednesday with benchmark Sensex falling by 239 points dragged by losses in FMCG major ITC. The 30-share BSE barometer declined 239.31 points or 0.29 per cent to settle at 81,312.32. During the day, it lost 307.61 points or 0.37 per cent to 81,244.02. The 50-issue NSE Nifty dropped 73.75 points or 0.30 per cent to close at 24,752.45. Analysts said the key indices remained largely range-bound ahead of the monthly expiry on Thursday and the release of GDP and industrial production data. FMCG, auto, and pharma shares

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