Economy news

• India, US look at non-tariff measures

  04-06-2026 22:57 via timesofindia.indiatimes.com
  
  India and the US are nearing a trade agreement, with discussions extending beyond goods to encompass non-tariff measures, customs, and economic security. This comes as the US proposed additional tariffs on several countries, including India, over forced labor concerns. Both nations express optimism about finalizing a mutually beneficial deal soon.
  
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• Gleaming rise and sudden retreat: How Rajesh Mehta landed in Sebi crosshairs

  04-06-2026 22:52 via timesofindia.indiatimes.com
  
  Rajesh Mehta, once a prominent figure in Karnataka's jewellery scene with brands like Shubh and Laabh, has seen his retail ventures wind down amidst Sebi investigations.His journey began with gold refining and manufacturing, evolving into a global player after acquiring Swiss refinery Valcambi.A planned advanced display manufacturing facility in Telangana also faces uncertainty due to ongoing probes.
  
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• 'Look at India as a base and not just a market': Piyush Goyal

  04-06-2026 22:43 via timesofindia.indiatimes.com
  
  Union Minister Piyush Goyal urged Indian industry and MNCs to establish manufacturing, design, and innovation hubs in India, leveraging the country for global supply chains and exports. He highlighted India's position as a credible alternative manufacturing hub and a safe investment destination, projecting it to remain the world's fastest-growing economy for decades.
  
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• Don't sell yourself short: Citi CEO Fraser to India

  04-06-2026 22:37 via timesofindia.indiatimes.com
  
  Citi CEO Jane Fraser urged India to focus on execution and long-term strengths, rather than short-term challenges. She highlighted India's compelling structural drivers like demographics and digital infrastructure, which global investors recognize. Fraser noted that while global factors cause volatility, India's structural story remains strong, with growing investor interest in domestic consumption, infrastructure, technology, and AI.
  
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• Mehta contests Sebi order on Rs 15L cr inflated revenue

  04-06-2026 22:28 via timesofindia.indiatimes.com
  
  Sebi has banned Rajesh Exports chief Rajesh Mehta for allegedly inflating company revenues over several years. The regulator's investigation found significant discrepancies, particularly with its Swiss subsidiary Valcambi SA. Mehta claims a communication gap with Sebi, stating revenues are correct and the business is low-margin.
  
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• HDFC agents to stop mobilising government funds

  04-06-2026 22:25 via timesofindia.indiatimes.com
  
  HDFC Bank is halting its agents from collecting fixed deposits and CASA funds from government entities starting July 1. This move, which the bank attributes to its expanding branch network, comes amid scrutiny over incentives paid for government fund mobilization. The bank aims to streamline its operations and governance framework.
  
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• Kuku files for Rs 3.5k cr IPO confidentially

  04-06-2026 22:19 via timesofindia.indiatimes.com
  
  Digital entertainment startup Kuku Technologies has confidentially filed for an IPO, aiming to raise up to Rs 3,500 crore. The company is targeting a valuation of up to Rs 15,000 crore and plans to list later this fiscal year. This move signals significant growth aspirations for the digital entertainment sector.
  
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• Gulf crisis: IndiGo grounds flights to six overseas destinations amid cost pressures

  04-06-2026 18:05 via timesofindia.indiatimes.com
  
  IndiGo is temporarily halting flights to six international destinations, including Hong Kong and Shanghai, until September 30. This strategic move aims to optimize its network amidst softer travel demand and escalating operating costs. The airline plans to resume services on October 1, contingent on improved market conditions, while maintaining a significant portion of its global operations.
  
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• India IPO gold rush becomes foreign firms’ cash-out machine

  04-06-2026 17:03 via timesofindia.indiatimes.com
  
  Foreign firms are increasingly cashing out of India's booming IPO market, pocketing billions instead of raising capital for expansion.Recent listings, including major players like Hyundai and LG, saw over $5 billion flow overseas. This trend, driven by high valuations, raises concerns about capital outflows and the rupee's stability, with policymakers questioning IPOs as exit routes.
  
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• US stocks today: Wall Street opens mixed as AI stocks fall and oil prices ease

  04-06-2026 16:57 via timesofindia.indiatimes.com
  
  Indian markets opened mixed on Thursday. US stocks saw a mixed start as AI shares pulled back, but falling oil prices boosted investor mood. The S&P 500 edged up, while the Nasdaq dipped. The Dow Jones Industrial Average showed strong gains. Easing oil prices, driven by hopes of a Strait of Hormuz reopening, provided support.
  
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• One vehicle, two fuels: India bets big on flex-fuel revolution - what is it?

  04-06-2026 16:52 via timesofindia.indiatimes.com
  
  Maruti Suzuki's MD highlights flex-fuel vehicles as key to India's goals of cutting oil imports and emissions. These vehicles run on petrol and ethanol blends, supporting farmers and the rural economy. A robust ecosystem, including fuel availability and wider model launches, is crucial for mass adoption, with government backing for biofuel transition and infrastructure expansion.
  
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• LPG supply stable, but oil firms still losing nearly Rs 700 on every cylinder sold

  04-06-2026 16:01 via timesofindia.indiatimes.com
  
  Oil Marketing Companies are still facing significant under-recoveries of nearly Rs 700 per domestic LPG cylinder. Despite government efforts to boost domestic production and secure imports, this financial strain persists. Meanwhile, LPG demand has moderated due to reduced commercial use and improved delivery systems, ensuring stable supplies.
  
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• ‘Perfect complementarity’: India, Venezuela deepen energy ties

  04-06-2026 14:21 via timesofindia.indiatimes.com
  
  India is bolstering energy ties with Venezuela, now its third-largest crude supplier, to diversify imports amidst West Asia disruptions. Discussions also explored broader economic cooperation in sectors like mining, pharmaceuticals, and agriculture, with Venezuela viewing India as a stable, long-term partner. High-level delegations are examining investment opportunities.
  
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• India expands ethanol map: 5,000 fuel stations planned by 2027 end

  04-06-2026 14:19 via timesofindia.indiatimes.com
  
  India is accelerating its ethanol drive, planning to establish 5,000 ethanol fuel stations by the end of 2027 to reduce fossil fuel imports. This initiative, alongside the launch of flex-fuel cars, aims to cut the country's $120 billion import bill and boost farmer income. Regulatory changes are also proposed to support higher ethanol blends and other alternative fuels.
  
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• For first time, Russia admits oil production has declined amid Ukraine's attacks on refineries

  04-06-2026 11:52 via timesofindia.indiatimes.com
  
  Russia has publicly acknowledged a dip in oil production due to unscheduled refinery repairs, marking the first such admission. This comes amid intensified Ukrainian drone attacks targeting Russian energy infrastructure, which have disrupted operations and pushed Moscow to increase crude exports. Despite these challenges, Russia aims to maximize exports and restore previous production levels.
  
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• ‘World's long-term capital is looking at India’: Global investors betting big, says Piyush Goyal

  04-06-2026 10:53 via timesofindia.indiatimes.com
  
  Global investors are showing strong confidence in India's future. Union Minister Piyush Goyal stated that India is set to be the world's fastest-growing economy for more than twenty years. Companies like Hyundai and JCB have seen significant returns by investing in India. The nation is becoming a manufacturing hub, serving both its large domestic market and global customers.
  
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• Rajesh Exports share price today: Stock tanks 5% to hit lower circuit as SEBI bans CMD for financial irregularities

  04-06-2026 09:35 via timesofindia.indiatimes.com
  
  On the BSE, the stock fell 4.99% to Rs 104.65, reaching its daily lower limit. A similar trend was seen on the NSE, where the share price declined 4.99% to Rs 103.92, also locking into the lower circuit.
  
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• Gold, silver price prediction: Will gold hit Rs 1.65 lakh/10 grams & silver rise to Rs 2.85 lakh per kg? Check outlook

  04-06-2026 09:00 via timesofindia.indiatimes.com
  
  Gold and silver price prediction today: The base trendline for MCX Gold, and MCX Silver remains bullish according to Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group.
  
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• US-Iran war: India looks to attract foreign investment; capital gains tax on government securities may be scrapped

  04-06-2026 05:46 via timesofindia.indiatimes.com
  
  Reports suggest that PM Narendra Modi-led Union Cabinet on Wednesday cleared an ordinance that will amend the Income Tax Act and enable the proposed tax exemption.
  
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• Top stocks to buy today: Stock recommendations for June 4, 2026 - check list

  04-06-2026 04:57 via timesofindia.indiatimes.com
  
  Top stock market recommendations: Cyient, Timken India, and Bosch have been shortlisted as the top stocks to buy by Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group for June 4, 2026. The expert has also shared his outlook for Nifty, and Bank Nifty:
  
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