Business

According to reports, the Reserve Bank of India has raised concerns following alleged sales by Standard Chartered to small and medium-sized enterprises of target redemption forwards, ‘a product that can cause significant losses’

India’s proposal to fix the lower limit of air-conditioner temperature at 20 degrees C deserves favourable consideration, given the potential savings and the positive impact on the environment

Union Minister Jyotiraditya Scindia met SpaceX COO Gwynne Shotwell, who welcomed India’s approval of Starlink’s satcom licence. Starlink joins OneWeb and Jio-SES in offering satellite internet, aiming to boost connectivity in remote areas under Digital India initiatives

Jio Financial Services acquired SBI’s 17.8 per cent stake in Jio Payments Bank for Rs 104.54 crore, making it a wholly-owned subsidiary. The deal received RBI approval on June 4, consolidating JFSL’s ownership from 82.17 per cent to 100 per cent

Reliance Aerostructure and Dassault Aviation announced a partnership to manufacture Falcon 2000 jets in India. A final assembly line in Nagpur will be set up, marking the first Falcon production outside France and boosting India's aerospace manufacturing role

Commerce Minister Piyush Goyal is in London to finalise the India-UK Free Trade Agreement. He’ll meet key UK officials and business leaders to boost trade, investment, and collaboration in sectors like manufacturing, fintech, and creative industries

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Benchmark indices Sensex and Nifty rebounded on Wednesday after an early dip, driven by fresh foreign fund inflows and gains in blue-chip stocks like Reliance and ICICI Bank. Strong liquidity and optimism around earnings supported the positive sentiment in the markets.

Anarock was the sole transaction advisor in the deal. South City Mall spans over one million (10 lakh) square feet, and the asset generates an average annual turnover of over Rs 1800 crore.

The company during the Google India Summit unveiled Safety Charter which is built around three key goals — keeping internet users safe from scams and frauds, strengthening cybersecurity for governments and businesses and building responsible AI systems

HSBC Global Private Banking highlights robust domestic consumption, favorable trade dynamics, and strategic investment opportunities in Indian equities and bonds amid global market volatility

Vishal Mega Mart's stock fell after a big Rs 10,488 crore block deal by promoter Samayat Services. The sale followed the end of a lock-in period. Though shares dropped, experts say the company remains strong, urging short-term caution

The Air India tragedy in Ahmedabad underscores the need for strategic reforms, focusing on improving infrastructure, modernising regulations, and addressing financial sustainability in India’s aviation sector

TRAI set new broadband pricing rules for public Wi-Fi providers (PDOs) under the PM-WANI scheme, capping tariffs at twice the retail FTTH rates. This move aims to boost affordable public Wi-Fi and support digital inclusion across India

Air India Chairman N Chandrasekaran asked employees to to show resilience and use the Ahmedabad tragedy as an act of force to build a “safer airline”

From June 16, UPI payments will process faster, completing within 10–15 seconds. NPCI also set a 50-times daily limit for balance checks and tightened beneficiary name rules to boost security and user experience in India’s growing digital payment space

India’s trade deficit narrowed to $21.88 billion in May 2025, helped by strong electronics exports and falling imports. Forex reserves rose to $696.66 billion, boosting the RBI’s ability to stabilize the rupee amid global uncertainty and geopolitical tensions

Early rains in June reduced fuel demand in India, with diesel consumption falling after two months of growth. Petrol and LPG sales slowed slightly from May, while ATF rose year-on-year. Weather and rural activity influenced these shifts

Wholesale inflation fell to 0.39% in May due to lower food and fuel prices. However, rising crude oil prices and monsoon delays may push inflation up slightly in June. Retail inflation remains low, supporting RBI’s recent interest rate cut

Oil prices surged after Israel attacked Iran’s South Pars gas field amid escalating tensions. While analysts expect temporary price hikes, any disruption to the Strait of Hormuz or broader conflict could lead to lasting price increases

Sensex and Nifty rebounded in early trade Monday after a two-day slump, tracking gains in Asian markets. Brent crude rose 0.73% amid Middle East tensions. Despite the uptick, FIIs remained net sellers, offloading ₹1,263 crore on Friday.

The Indian rupee fell 6 paise to 86.17 against the US dollar in early trade Monday amid rising crude prices and geopolitical tensions. FII outflows also weighed on the rupee, despite gains in equities and rising forex reserves.

As US President Donald Trump returns to Canada for this year’s G7 summit in the Rocky Mountains, world leaders aim to avoid the kind of disruption seen at the 2018 meeting, which ended in acrimony and a viral image of Trump in defiance

Kant, a retired 1980-batch Indian Administrative Service (IAS) officer of Kerala cadre, was appointed as India's G20 Sherpa in July 2022, months before India assumed the G20 Presidency