Business News: Economy & Markets

RBI issues compounding order for FEMA violations in Myntra case

IANS | June 4, 2026 7:49 PM

New Delhi, June 4 (IANS) The Reserve Bank of India (RBI) has issued a compounding order, under Section 15 of the Foreign Exchange Management Act, 1999 (FEMA), in the case of M/s Myntra Designs Private Limited, which has resulted in the termination of investigation against the company for alleged contraventions of the provisions of FEMA, with a fine of Rs 2.88 lakh, according to a statement issued by the Directorate of Enforcement (ED) on Thursday.

'India's diplomacy helping to secure energy security amid Middle East crisis'

IANS | June 4, 2026 7:17 PM

New Delhi, June 4 (IANS) With the conflict still raging in the Middle East, India is among the most exposed major economies with a heavy dependence on Persian Gulf oil and gas supplies as well as fertilisers.

Pune Wipro employee case: Company says fully cooperating with ongoing probe

IANS | June 4, 2026 6:26 PM

Pune/New Delhi, June 4 (IANS) Amid reports surrounding a former employee's allegations of religious harassment and forced resignation, IT major Wipro on Thursday said it has shared all relevant documents with the Pune Police and is fully cooperating with the ongoing probe into the matter.

India’s energy diplomacy builds autonomy through diversification, connectivity investments

IANS | June 4, 2026 6:18 PM

New Delhi, June 4 (IANS) India has transformed its energy diplomacy from simple resource procurement into geopolitical hedging that preserves strategic autonomy through four interlocking pillars -- supplier diversification, connectivity investment, financial engineering and energy‑transition diplomacy, a new report has said.

India’s 1st-ever sea shipment of value-added millet heads for New Zealand

IANS | June 4, 2026 5:45 PM

New Delhi, June 4 (IANS) In a significant boost to India's food exports, the Agricultural and Processed Food Products Export Development Authority (APEDA) has facilitated the dispatching of first-ever sea shipment of ready-to-cook millet foods from Karnataka to New Zealand, according to an official statement issued on Thursday.

India, UK launch Critical Minerals Global Supply Chain Observatory

IANS | June 4, 2026 5:44 PM

New Delhi, June 4 (IANS) The India–UK Critical Minerals Global Supply Chain Observatory (GSCO) was formally launched here on Thursday, said G. Kishan Reddy, Union Minister of Coal and Mines, and Yvette Cooper, the UK Secretary of State for Foreign, Commonwealth and Development Affairs.

Pakistan suffers $1.4 billion economic hit amid geopolitical tensions: Report

IANS | June 4, 2026 4:43 PM

New Delhi, June 4 (IANS) Pakistan’s economy has suffered losses of $1.4 billion over the past seven months as border tensions with Afghanistan and the ongoing Middle East crisis disrupted trade flows and export activity, a report has said.

Jitin Prasada highlights India’s growth, resilience amid global uncertainties at GBRC

IANS | June 4, 2026 4:26 PM

New Delhi, June 4 (IANS) MoS Commerce and Industry Jitin Prasada on Thursday inaugurated the Global Business Research Conference (GBRC) 2026 at the Indian Institute of Foreign Trade (IIFT), a Deemed-to-be University under his ministry.

PM Modi, Venezuela's Acting President Rodriguez discussed forging energy partnership: MEA

IANS | June 4, 2026 4:02 PM

New Delhi, June 4 (IANS) Prime Minister Narendra Modi and Venezuela's Acting President, Delcy Rodriguez, on Thursday held discussions on forging energy partnership, the Ministry of External Affairs (MEA) stated.

BSE arm launches 5-year sovereign bond benchmark for passive investment

IANS | June 4, 2026 3:39 PM

Mumbai, June 4 (IANS) BSE Index Services, a wholly owned subsidiary of BSE, on Thursday announced the launch of a new benchmark index -- the BSE India 5-Year Sovereign Bond Index -- aimed at tracking the performance of India’s benchmark five-year government securities.

Business

RBI issues compounding order for FEMA violations in Myntra case

'India's diplomacy helping to secure energy security amid Middle East crisis'

Pune Wipro employee case: Company says fully cooperating with ongoing probe

India’s energy diplomacy builds autonomy through diversification, connectivity investments

India’s 1st-ever sea shipment of value-added millet heads for New Zealand

India, UK launch Critical Minerals Global Supply Chain Observatory

Pakistan suffers $1.4 billion economic hit amid geopolitical tensions: Report

Jitin Prasada highlights India’s growth, resilience amid global uncertainties at GBRC

PM Modi, Venezuela's Acting President Rodriguez discussed forging energy partnership: MEA

BSE arm launches 5-year sovereign bond benchmark for passive investment

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