Category: Business

Business

Rupee rises 81 paise to close at 94.93 against U.S. dollar post RBI policy decision

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Rupee rises 81 paise to close at 94.93 against U.S. dollar post RBI policy decision

Image used for representational purposes. File | Photo Credit: PTI The rupee appreciated 81 paise to close at 94.93 (provisional) against the U.S. dollar on Friday (June 5, 2026) after the Reserve Bank announced measures to support foreign capital inflows and strengthen forex liquidity. Forex traders said the announcements in the Reserve Bank of India…

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Target seafood exports worth $30 billion in next five years: Piyush Goyal

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Target seafood exports worth billion in next five years: Piyush Goyal

Commerce and Industry Minister Piyush Goyal said the target can be achieved by focusing on increasing production and quality. File | Photo Credit: ANI Commerce and Industry Minister Piyush Goyal on Friday (June 5, 2026) called for increasing seafood exports to $30 billion over the next five years, up from the current $8.5 billion. He…

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Business

GDP expands 7.8%, taking full year growth to 7.7%: Govt data

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GDP expands 7.8%, taking full year growth to 7.7%: Govt data

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto India’s economy grew at a higher pace of 7.7% during 2025-26 as compared to 7.1% in 2024-25, according to government data released on Friday (June 5, 2026). In January-March period of the 2025-26 fiscal year, the gross domestic product (GDP) has been estimated to…

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Coal India to offer 35 MTs to non-regulated sector in upcoming linkage auction window

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Coal India to offer 35 MTs to non-regulated sector in upcoming linkage auction window

Image used for representation purpose only. | Photo Credit: PTI State-owned Coal India informed on Friday (June 5, 2026) that it would be putting on offer 35 million tonnes (MTs) of high gross-calorific value (GCV) under the linkage auction window to be held June 12. The miner underlined the objective was to reduce the import…

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Business

‘Relationship with Indian regulators is like a long-distance one, slows innovation’: Joe Wilson of unicorn NBFC

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‘Relationship with Indian regulators is like a long-distance one, slows innovation’: Joe Wilson of unicorn NBFC

Indian regulators need to be more accessible and approachable in order to encourage deeper banking penetration and private sector activity in the banking sector, according to Joe Wilson of Bunq, a Netherlands-headquartered unicorn non-banking financial company. Speaking on the sidelines of the South Summit 2026, co-organised by IE University in Madrid, Mr. Wilson, previously the…

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Business

Government exempts capital gains tax on FPI investment in G-Secs

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Government exempts capital gains tax on FPI investment in G-Secs

The move comes at a time when FIIs sold ₹2.5 lakh crore worth of Indian securities, going by data from NSDL. | Photo Credit: Getty Images/istockphoto The Government of India (GoI) on Friday (June 5, 2026) waived the 12.5% long term capital gains tax (LTCG) charged on foreign institutional investment in government bonds. The exemption…

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Forex reserve at healthy $682 billion, adequate to provide import cover for 11 months: RBI Governor

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Forex reserve at healthy 2 billion, adequate to provide import cover for 11 months: RBI Governor

Reserve Bank of India (RBI) Governor Sanjay Malhotra. File. | Photo Credit: ANI Reserve Bank Governor Sanjay Malhotra on Friday (June 5, 2026) said the forex reserve stood at a healthy $682.3 billion, adequate to provide import cover for about 11 months. Various policy initiatives are expected to strengthen the balance of payments, he said…

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RBI announces host of measures to attract foreign capital

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RBI announces host of measures to attract foreign capital

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto To attract foreign capital the Reserve Bank of India (RBI) on Friday (June 5, 2026) announced several measures. The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has decided to keep the repo rate unchanged for the second time in a row,…

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Business

Rajesh Exports shares fall for second day; hit 5% lower circuit

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Rajesh Exports shares fall for second day; hit 5% lower circuit

Shares of gems and jewellery firm Rajesh Exports Ltd (REL) further dropped 5% to hit the lower circuit limit on Friday (June 5, 2026) amid concerns that the company allegedly inflated its consolidated revenues by more than ₹15 lakh crore over five years by attributing massive revenues to overseas subsidiaries. Extending its previous day’s decline,…

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