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.

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.

Neelkanth Mishra to represent India at World Bank amid changing global order

IANS | June 5, 2026 9:51 AM

New Delhi, June 5 (IANS) In a significant development, seasoned economist Neelkanth Mishra has been appointed as India's Executive Director at the World Bank. The appointment, approved by the Appointments Committee of the Cabinet (ACC), will be for a tenure of three years at the World Bank headquarters in Washington, DC.

RBI set to announce repo rate decision today; here’s what to expect

IANS | June 5, 2026 9:18 AM

New Delhi, June 5 (IANS) The Reserve Bank of India is set to announce its monetary policy decision on Friday after the three-day Monetary Policy Committee meeting -- chaired by Governor Sanjay Malhotra -- with experts widely expecting the repo rate to remain unchanged amid geopolitical tensions and rising crude oil prices.

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 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-Middle East-Europe Economic Corridor seen as path to prosperous future

IANS | June 4, 2026 3:37 PM

New Delhi, June 4 (IANS) The India-Middle East-Europe Economic Corridor (IMEC), a proposed multinational infrastructure initiative aimed at upgrading connectivity between the three regions through integrated trade, energy, and digital networks, is envisioned partially as a counterweight to China’s international infrastructure project, the Belt and Road Initiative (BRI), according to an article.