Three large mutual fund houses—HDFC MF, ICICI Prudential MF, and Nippon India MF—have restricted large inflows into gold ETFs and FoFs to align with the government's policy discouraging gold purchases.
RBI kept repo rate unchanged at 5.25% amid West Asia conflict, cut FY27 growth forecast to 6.6%, and raised inflation projection to 5.1%, signaling caution over broadening price pressures.
A special CBI court in Mohali sentenced businessman Sameer Dua to three years rigorous imprisonment for his role in a Rs 4 crore bank fraud case involving forged documents.
A 39-year-old unemployed man from Ahmedabad filed a complaint against DAA Business Consultant Services for allegedly defrauding him of Rs 4.5 lakh by promising a work visa for his brother.
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Calcutta High Court granted bail to two accused in a cryptocurrency case involving over Rs 50 crore and China links, citing trial delays and long custody.
The Anti-Corruption Bureau arrested an assistant engineer and a contract worker of JVVNL in Tonk for allegedly accepting a bribe of Rs 20,000 from a consumer.
Female ownership of houses and land in Karnataka surged from 16.2% to 29.5% in five years, reflecting changing attitudes towards wealth and independence.
Bitcoin fell about 6% to $59,770.9, its first drop below $60,000 since October 2024, before slightly recovering losses.
Experts urge govt to reduce prices of high-ethanol blended petrol and flex fuel vehicles (FFVs) to boost consumer demand, as current 20% blending has saved 4.5 crore barrels of crude oil imports annually.
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FPI debt inflows to India reached $95.5 billion since FY99, making up 62% of total equity inflows, driven by global bond index inclusion and the FAR route, according to DSP Mutual Fund.
Belagavi consumer commission directs SpiceJet to refund Rs 10,927 with interest, plus compensation and costs, for issuing non-reimbursable coupon tickets to Rajya Sabha MP Iranna Kadadi.
The government has extended the tenure of RBI Deputy Governor Swaminathan Janakiraman for two more years, effective from June 26, 2026. He was first appointed in June 2023.
The Indian rupee strengthened sharply by 56 paise to close at 95.18 against the US dollar on Friday after the RBI announced measures to attract foreign capital and boost forex liquidity.
The Indian rupee strengthened by 56 paise to close at 95.18 against the US dollar on Friday, following the Reserve Bank of India's monetary policy decision.
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Kalachowki police arrested accountant Shweta Salvi for misappropriating Rs 6.49 crore from Subhadra Metals after the Supreme Court denied her anticipatory bail. She allegedly diverted loans and forged signatures.
US stocks ended lower Friday as a stronger-than-expected jobs report reduced hopes for Fed rate cuts. Tech shares led declines, with Nvidia and Broadcom falling. Oil prices remained elevated amid geopolitical tensions.
The RBI raised its inflation projection for FY27 and signaled potential rate hikes while keeping the repo rate unchanged at 6.5% for the third consecutive meeting.
To protect forex reserves and the rupee, India and RBI announced tax exemptions on G-secs, raised NRI investment limits, and eased FPI rules, aiming to attract foreign capital.
Sebi approves five IPOs including Oyo parent Prism (Rs 6,650 crore) and Truhome Finance. Other issuers include LIC, HDFC, and Reliance.
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Maharashtra government approves loan waiver benefiting 56 lakh farmers. Know the conditions, eligibility, and impact on the state's economy.
Indian stock markets ended marginally lower after RBI lowered growth expectations. Sensex fell 116.67 points to 74,243.34, Nifty dropped 49.85 points to 23,366.70.
The Indian rupee strengthened by 81 paise to close at 94.93 against the US dollar on Friday, following the Reserve Bank of India's policy announcements that boosted investor sentiment.
The RBI is considering polymer currency notes to improve durability and security. Governor Sanjay Malhotra said the proposal is at a preliminary stage, with pros and cons being examined.
CMR Green Technologies IPO GMP jumped to Rs 70 on day 3, signaling strong investor interest. Check listing date, price band, and other key details.
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Rajendra Shinde, wanted since 2004 for human trafficking, was arrested by Oshiwara Police after 22 years on the run. He was produced in court on June 3.
Indian stock markets held onto gains after the RBI policy announcement, with the Sensex rising 270 points and Nifty up 62 points, supported by measures to bolster the rupee.
The Reserve Bank of India revised its inflation projection for FY27 to 5.1%, citing elevated fuel prices impacting input costs across sectors. Core inflation excluding precious metals stood at 2.1-2.2%.
RBI governor Sanjay Malhotra announced measures to attract foreign capital, boosting the rupee by 50 paise to 95.24 against the US dollar. The central bank expanded FAR bonds, eased FPI norms, and increased NRI investment limits.
The Reserve Bank of India kept the repo rate unchanged at 5.25% on June 5, 2026, while revising growth down to 6.6% and inflation up to 5.1% for FY27, citing global headwinds and rising uncertainties.
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RBI announced a package on June 5 to support the rupee, including expanding fully accessible route to long-term G-secs, easing equity norms for non-residents, and offering concessional forex swaps.
