Business News: Economy & Markets

Pakistan faces funds crunch as Govt fails to roll out tax reforms: Report

IANS | June 5, 2026 2:13 PM

New Delhi, June 5 (IANS) Pakistan’s failure to carry out tax reforms has left its tax base narrowing over the years, resulting in shrinking revenues for the government to implement welfare schemes for the poor. As the country prepares for a new budget for FY27, there is little hope that things will improve, going by the past track record, according to local media reports.

AirTrunk's Rs 3 lakh crore investment to strengthen India’s cloud, AI leadership: PM Modi

IANS | June 5, 2026 1:38 PM

New Delhi, June 5 (IANS) Australian data centre firm AirTrunk's Rs 3 lakh crore investment will strengthen India’s position as a global hub for cloud computing and AI, while generating employment opportunities, supporting local supply chains and accelerating innovation-led growth, Prime Minister Narendra Modi said on Friday.

India’s agriculture GVA more than doubles to Rs 48.7 lakh crore in a decade

IANS | June 5, 2026 1:14 PM

New Delhi, June 5 (IANS) The agriculture and allied sector’s gross value added rose from Rs 20.9 lakh crore in 2014‑15 to Rs 48.7 lakh crore in 2023‑2024, accounting for about 18 per cent of total GVA, supported by sustained policy focus and increased public investment, an official statement said on Friday.

Rupee gains 50 paise against dollar after RBI relaxes investment norms

IANS | June 5, 2026 12:33 PM

New Delhi, June 5 (IANS) The Indian rupee appreciated sharply against the US dollar on Friday after the Reserve Bank of India eased investment norms for foreign portfolio investors (FPIs) and announced measures aimed at improving capital flows, boosting investor sentiment.

India, Venezuela discuss deeper energy ties amid crude supply concerns

IANS | June 5, 2026 12:17 PM

New Delhi, June 5 (IANS) Union Minister for Petroleum and Natural Gas Hardeep Singh Puri met Acting President of Venezuela Delcy Eloína Rodríguez Gómez here to discuss opportunities for an enduring energy partnership, an official statement said on Friday.

Govt takes slew of measures to attract stable long-term foreign capital flows

IANS | June 5, 2026 11:48 AM

New Delhi, June 5 (IANS) The Finance Ministry on Friday said it has taken a series of measures to broaden and simplify foreign investment in Indian equities and government securities, to attract stable long-term foreign capital flows.

RBI hikes equity investment limits for NRIs, OCIs

IANS | June 5, 2026 11:10 AM

Mumbai, June 5 (IANS) The Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday announced that the limits for investment by NRIs and OCIs in equity instruments traded on the stock market without SEBI registration are being increased.

Rajesh Exports shares plunge 5 pc, hit lower circuit for second straight day

IANS | June 5, 2026 10:51 AM

New Delhi, June 5 (IANS) Shares of Rajesh Exports tumbled 5 per cent for the second straight session on Friday, hitting lower circuit limits after capital markets regulator Securities and Exchange Board of India (SEBI) barred the company’s promoter and CEO, Rajesh Mehta from dealing in the company’s securities over alleged financial irregularities.

RBI pegs real GDP growth at 6.6 pc for FY27, inflation at 5.1 pc amid global disruptions

IANS | June 5, 2026 10:48 AM

Mumbai, June 5 (IANS) The Reserve Bank of India (RBI) on Friday projected real GDP growth for 2026-27 at 6.6 per cent -- with Q1 at 6.6 per cent; Q2 at 6.3 per cent; Q3 at 6.5 per cent; and Q4 at 6.8 per cent -- saying that prolonged global supply chain disruptions, volatility in global financial markets, and weather-related shocks continue to pose downside risks to the domestic growth outlook.

RBI keeps repo rate unchanged at 5.25 pc, maintains ‘Neutral’ stance

IANS | June 5, 2026 10:34 AM

Mumbai, June 5 (IANS) The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Friday unanimously decided to keep the policy repo rate unchanged at 5.25 per cent, in line with the expectations from economists.

business

Pakistan faces funds crunch as Govt fails to roll out tax reforms: Report

AirTrunk's Rs 3 lakh crore investment to strengthen India’s cloud, AI leadership: PM Modi

India’s agriculture GVA more than doubles to Rs 48.7 lakh crore in a decade

Rupee gains 50 paise against dollar after RBI relaxes investment norms

India, Venezuela discuss deeper energy ties amid crude supply concerns

Govt takes slew of measures to attract stable long-term foreign capital flows

RBI hikes equity investment limits for NRIs, OCIs

Rajesh Exports shares plunge 5 pc, hit lower circuit for second straight day

RBI pegs real GDP growth at 6.6 pc for FY27, inflation at 5.1 pc amid global disruptions

RBI keeps repo rate unchanged at 5.25 pc, maintains ‘Neutral’ stance

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