Economy news

• Sebi bans Rajesh Exports' CMD for fin irregularities

  03-06-2026 22:48 via timesofindia.indiatimes.com
  
  Sebi has banned Rajesh Mehta, CMD of Rajesh Exports, from dealing in the company's shares pending further orders. The regulator's investigation revealed significant manipulation of accounts, particularly overseas subsidiary revenues, inflating them by an "egregious" 97%-99%. The company also failed to reflect a Rs 1,035 crore investment in African gold mines.
  
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• Net-zero challenge: Sustainable aviation fuel account just 0.8% of aviation fuel use in 2026, says IATA

  07-06-2026 19:57 via timesofindia.indiatimes.com
  
  Sustainable Aviation Fuel (SAF) production is critically low, meeting only 0.8% of demand by 2026, IATA reports. Airlines face a $4.3 billion SAF bill this year, with insufficient policy support hindering progress. Experts warn unrealistic mandates, especially for e-SAF, could inflate prices and divert resources from actual emission reductions.
  
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• OPEC+ approves fourth straight oil output hike, raises July targets by 188,000 bpd

  07-06-2026 18:41 via timesofindia.indiatimes.com
  
  OPEC+ agreed to a fourth consecutive oil production target increase of 188,000 barrels per day from July, despite ongoing US-Iran conflict disruptions. This decision comes as major Gulf producers struggle to meet demand due to export issues through the Strait of Hormuz.
  
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• US mortgage rates ease to 6.48%, slips from from nine-month high

  07-06-2026 17:40 via timesofindia.indiatimes.com
  
  The average rate for a 30-year fixed mortgage eased to 6.48% last week, offering slight relief to homebuyers. This decline follows a recent climb to a nine-month high, influenced by inflation concerns and elevated oil prices. Despite the dip, rates remain higher than earlier this year, continuing to impact the challenging housing market.
  
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• Gautam Adani regains title of Asia's richest person as net worth hits $89.2 billion: Forbes

  07-06-2026 17:19 via timesofindia.indiatimes.com
  
  Gautam Adani has reclaimed the title of Asia's richest person, surpassing Mukesh Ambani. His net worth surged by approximately $2.5 billion on Friday, driven by significant gains across Adani Group's listed companies like Adani Power and Adani Green Energy. This impressive comeback follows the dismissal of fraud charges, restoring his position among the world's wealthiest.
  
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• Airlines face profit crash: 2026 earnings nearly halved as fuel shock hits aviation

  07-06-2026 17:04 via timesofindia.indiatimes.com
  
  Global airlines face a profit plunge in 2026, nearly halving earnings to $23 billion due to soaring fuel costs and Middle East conflict disruptions. Despite strong passenger demand and projected record revenues exceeding $1.1 trillion, profitability per passenger is expected to drop significantly.This geopolitical instability and rising operational expenses are reshaping the industry's financial outlook.
  
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• Private investment announcements jump to Rs 56 lakh crore in FY26, says SBI Research

  07-06-2026 14:48 via timesofindia.indiatimes.com
  
  Private investment announcements have surged to Rs 56 lakh crore in FY26, a significant jump from Rs 37 lakh crore last year, indicating robust capital expenditure growth. Manufacturing leads new proposals, with power and building infrastructure also showing strong contributions. This trend, coupled with a 10.
  
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• Dharavi redevelopment project: Why analyst calls it one of India's biggest real estate execution challenges

  07-06-2026 13:21 via timesofindia.indiatimes.com
  
  The Adani Group faces a massive execution challenge with the Dharavi Redevelopment Project, aiming to rehabilitate over one million residents and build 125,000 housing units in seven to eight years. This ambitious urban regeneration program, one of the world's largest, also includes significant infrastructure upgrades and environmental restoration efforts.
  
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• Oil shock fears overdone, India can grow above 8%: Neelkanth Mishra

  07-06-2026 11:40 via timesofindia.indiatimes.com
  
  India's economic growth is robust, with concerns over high crude oil prices being exaggerated, according to World Bank Executive Director Neelkanth Mishra. He highlighted strong domestic demand and refining margins as buffers, suggesting growth could exceed 8% and remain in the 7.5-8% range even with elevated oil prices. Mishra believes the economy is well-positioned to absorb price shocks.
  
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• Maharashtra onion farmers demand Rs 3,000/quintal, say relief measures fall short

  07-06-2026 10:54 via timesofindia.indiatimes.com
  
  Maharashtra farmers welcomed relaxed onion procurement rules but demand a minimum support price of Rs 3,000 per quintal, stating current rates of Rs 1,580 are below production costs. They seek transparent procurement and compensation for past losses, arguing that rule changes alone won't resolve their financial distress.
  
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• Mango Mayday: Dark spots on produce threaten Himsagar export shipments

  07-06-2026 09:07 via timesofindia.indiatimes.com
  
  West Bengal's Himsagar mango exports face a setback due to dark spots, a weather-induced disease affecting fruit quality. Continuous rain followed by high temperatures during the bagging stage led to the issue, potentially impacting overseas shipments. Despite this, exporters remain hopeful about fulfilling remaining orders.
  
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• Saved by the barrel: Why crude hasn't hit the $200 mark

  07-06-2026 07:38 via timesofindia.indiatimes.com
  
  Despite fears of $200 oil following Strait of Hormuz disruptions, prices remain below $100. This resilience is attributed to increased US exports, weaker Chinese demand, and alternative supply routes. While some shipping through the strait continues, overall transits are down. Emergency measures and subdued demand have averted the worst-case scenario, but market stability hinges on temporary solutions.
  
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• LPG gets Rs 29 costlier: Check the latest cylinder rates in Delhi, Mumbai and other cities

  07-06-2026 03:51 via timesofindia.indiatimes.com
  
  Domestic cooking gas prices have increased by Rs 29 per cylinder, reaching Rs 942 in Delhi, marking the second revision in three months due to soaring global energy costs. This rise follows a previous Rs 60 hike and is part of a broader trend of fuel price increases, with petrol and diesel also seeing significant jumps.
  
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• 'US firms benefit from Hormuz closure': Russian oil company chief's big claim amid Iran war

  06-06-2026 13:21 via timesofindia.indiatimes.com
  
  Rosneft CEO Igor Sechin stated American energy firms are the primary beneficiaries of a Strait of Hormuz closure, warning of long-term damage to oil demand and a boost for alternatives. He also highlighted global resource shortages and questioned OPEC+'s effectiveness, noting Russia's production decline and need for investment.
  
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• Can RBI shield rupee from further fall? Analysts expect up to $75 billion in fresh inflows

  06-06-2026 12:02 via timesofindia.indiatimes.com
  
  The Reserve Bank of India's recent monetary policy measures aim to bolster the rupee by attracting significant capital inflows, estimated between $40-75 billion. Despite rising inflation and revised growth forecasts, the Monetary Policy Committee is expected to maintain the repo rate at 5.25% with a neutral stance in August, prioritizing stability and external sector defense.
  
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• PM Modi chairs EAC meeting, discusses measures to boost India’s economic growth amid global turmoil

  06-06-2026 10:41 via timesofindia.indiatimes.com
  
  Prime Minister Narendra Modi met with the Economic Advisory Council to discuss strengthening India's economic growth amidst global uncertainty. The Reserve Bank of India kept the repo rate unchanged at 5.25%, citing geopolitical tensions and inflation concerns, while revising GDP growth and inflation projections downwards and upwards respectively for FY2026-27.
  
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• India's stock market mania hits milestone: NSE logs 26 crore trading accounts and counting

  06-06-2026 07:57 via timesofindia.indiatimes.com
  
  India's investor base has reached a new peak with over 26 crore unique trading accounts on the NSE. The exchange added the latest crore accounts in under four months, highlighting rapid growth beyond major financial hubs. This surge is fueled by digitalization, simpler KYC, and positive market performance, with individual investors now holding a significant market share.
  
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• E85 fuel to get Rs 20/litre cheaper as India ramps up ethanol push

  06-06-2026 06:49 via timesofindia.indiatimes.com
  
  India is launching E85 petrol, an 85% ethanol blend, at discounted prices. This move aims to boost clean fuel adoption and cut reliance on imported fossil fuels. The government plans a phased rollout of E85 dispensing stations nationwide. Vehicle manufacturers are introducing E85 compatible models. This initiative is expected to benefit farmers and save foreign exchange.
  
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• $1.3 trillion erased from Wall Street: Here's what slowed down AI rally

  06-06-2026 06:03 via timesofindia.indiatimes.com
  
  Tech stocks, particularly semiconductors, experienced a significant downturn Friday, driven by investor caution over AI valuations and robust US jobs data. The PHLX Semiconductor Index saw its steepest drop since March 2020, erasing billions in market value. This retreat follows a period of record highs, with strong employment figures fueling concerns about interest rate cuts.
  
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• Pocket-friendly packets: Why Indians are swapping big snack packs for smaller ones

  06-06-2026 04:46 via timesofindia.indiatimes.com
  
  Consumers are increasingly opting for smaller pack sizes of everyday goods, from edible oils to soaps, as rising costs strain monthly budgets. This shift, driven by economic stress and geopolitical factors, is leading FMCG companies to reduce grammage in popular low-priced packs to maintain affordability and protect profit margins.
  
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• GDP rose 7.7% in FY26, 7.8% in Q4; RBI trims this year's projection to 6.6%

  05-06-2026 23:34 via timesofindia.indiatimes.com
  
  India's economy surged by 7.8% in the Jan-March quarter, driven by strong investment, consistent farm output, and expansion in construction and tertiary sectors. This robust demand offset potential negative impacts from West Asian conflicts. The government remains committed to driving economic momentum through decisive policy measures.
  
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• Bulk deposit pricing to be more transparent, flexible

  05-06-2026 22:50 via timesofindia.indiatimes.com
  
  The Reserve Bank of India is introducing new rules for bank deposit interest rates. Banks must now publish their interest rate schedules online each morning and stick to them throughout the day. This ensures customers know the exact rates available. Additionally, banks can now consider withdrawal risk when setting rates for large deposits, adding a fourth factor to pricing.
  
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• Government ready to take more measures to insulate economy

  05-06-2026 22:47 via timesofindia.indiatimes.com
  
  The Indian government is preparing further policy steps to protect the economy from the West Asia conflict. These measures will ensure sufficient availability of goods and raw materials. The focus is on stabilizing the Indian currency and foreign exchange flows. Additional measures will be announced as needed. The government is closely monitoring trade deficits and potential impacts on subsidies.
  
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• G-Secs rally as govt and RBI ease foreign investing rules

  05-06-2026 22:13 via timesofindia.indiatimes.com
  
  Government and RBI measures to boost foreign investment in government securities led to a bond rally, with benchmark 10-year G-Sec yields softening. Exemptions from long-term capital gains and withholding taxes for FPIs in G-Secs, along with expanded investment options, are seen as positive for the fixed income market.
  
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• Mutual fund houses restrict investments into gold ETFs, FoFs

  05-06-2026 22:09 via timesofindia.indiatimes.com
  
  Leading mutual fund houses, including HDFC, ICICI Prudential, and Nippon India, are temporarily restricting large lump-sum investments in gold ETFs and fund of funds. This move aligns with the government's policy to discourage gold purchases, following an increase in import duty. The restrictions primarily target large investors, with exceptions for authorized participants and market makers, while SIPs remain largely unaffected.
  
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• RBI cuts growth, hikes inflation forecast as West Asia crisis bites

  05-06-2026 22:00 via timesofindia.indiatimes.com
  
  The RBI maintained the repo rate at 5.25% amidst economic slowdown fears and rising inflation risks from the West Asia conflict.Governor Sanjay Malhotra signaled concern over generalized inflation, cutting the FY27 growth forecast to 6.6% and raising inflation projections to 5.1%.
  
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• India's FPI debt inflows reached 62% of cumulative equity at $95.5 billion since FY99; $19.3 billion since FY25: Report

  05-06-2026 19:22 via timesofindia.indiatimes.com
  
  Foreign investors are increasingly favoring India's debt market, with FPI debt inflows comprising a significant portion of overall foreign capital. This trend is boosted by global bond index inclusion and easier access routes.With attractive real yields and a stable currency outlook, India is poised for more debt investments, crucial for managing the current account deficit and supporting the rupee.
  
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• Govt extends tenure of RBI deputy governor Swaminathan J for two years

  05-06-2026 19:05 via timesofindia.indiatimes.com
  
  The government has extended the tenure of Reserve Bank Deputy Governor Swaminathan Janakiraman for another two years, effective June 26, 2026. Janakiraman, who was initially appointed in June 2023, will continue in his role as the central bank maintains its four-deputy governor structure.
  
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• Rupee jumps 56 paise to 95.18 vs US dollar after RBI announces forex-support measures

  05-06-2026 18:50 via timesofindia.indiatimes.com
  
  The rupee surged 56 paise to 95.18 against the US dollar following RBI's measures to attract foreign capital and boost forex liquidity. These policy announcements, including expanding the Fully Accessible Route and removing taxes on foreign investment in G-Secs, improved investor sentiment. Analysts expect further appreciation if oil prices remain below $100 a barrel.
  
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• OIL reports presence of natural gas in its third exploratory well in Andaman block

  05-06-2026 18:06 via timesofindia.indiatimes.com
  
  State-run Oil India Limited (OIL) has reported the discovery of natural gas in its third exploratory well, Vijayapuram-3, in the Andaman shallow offshore block. This finding further indicates the hydrocarbon potential in the region, following a previous discovery in the Vijayapuram-2 well. OIL is now undertaking further studies and plans appraisal wells to evaluate the block's potential.
  
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