4 June 2016 | Today’s Latest and Top 10 Business News of India

On Jun 4, 2026

TEN NEWS NETWORK

India News (04/06/2026)

1. Markets End Flat in Tense Countdown to RBI Policy Decision The Indian benchmark indices experienced a volatile, range-bound session, ultimately finishing nearly unchanged. The BSE Sensex closed marginally up by 14 points at 74,360, while the NSE Nifty50 closed just 11 points higher, managing to hold above the 23,400 mark. Investors remained highly cautious ahead of the Reserve Bank of India’s (RBI) Monetary Policy Committee announcement on Friday.

2. Titan Unveils Ambitious FY30 Strategy; Shares Surgev Titan Company emerged as one of the day’s top gainers, climbing over 3.5% to close at ₹4,238.80. The rally followed management’s announcement of an aggressive growth roadmap aiming to double its jewelry business revenue by FY30, target a 20% Compound Annual Growth Rate (CAGR), and expand its domestic market share from 8.5% to 11%.

3. Rajesh Exports Plummets 5% Amid SEBI Revenue Probe Shares of Rajesh Exports hit the lower circuit after SEBI flagged a massive ₹15-trillion revenue inflation discrepancy. While company management blamed the regulatory action on a “communication gap” and maintained that their financial reporting is correct, analysts warned of a confidence crisis looming for major institutional investors like LIC, foreign portfolio investors, and retail shareholders.

4. Easing Crude Prices and West Asia Peace Talks Offer Market Support
Global oil prices dropped slightly, providing a crucial safety buffer for Indian equities. The dip came amid renewed optimism regarding progress in US-Iran peace talks, though analysts warn that ongoing geopolitical friction in the region keeps long-term energy volatility risks exceptionally high.

5. Maruti Suzuki Unveils India’s First Flex-Fuel Car In a major milestone for green mobility, Maruti Suzuki’s CEO announced the launch of India’s first flex-fuel vehicle. The auto major emphasized that the mass adoption of flex-fuel technology will aggressively slash India’s multi-billion-dollar crude oil import bill while substantially driving down vehicular emissions.

6. NMDC Outlines Massive ₹50,000 Crore Expansion Drive State-owned mining giant NMDC revealed a heavy capital expenditure blueprint, planning to invest between ₹400 billion and ₹500 billion over the next three years. The capital will fund iron ore capacity expansion, entry into coal mining, and critical mineral acquisitions both domestically and overseas, with an ultimate goal of hitting 100 million tonnes of iron ore production by the end of the decade.

7. IT Stocks Hit by Renewed AI Disruption Fears Legacy information technology companies faced distinct selling pressure, with Infosys leading the losers on the Sensex (dropping roughly 1.5%). Analysts reiterated that generative artificial intelligence platforms are presenting structural risks to traditional IT outsourcing models, forcing a broader valuation reset across the sector.

8. Government Mandates 30-Day LPG Reserves Over Supply Risks
Citing maritime vulnerabilities, the Central Government directed oil marketing companies to construct and maintain a strict 30-day reserve of Liquefied Petroleum Gas (LPG). The proactive policy shift comes as supply chain blockades near the Strait of Hormuz continue to threaten energy security.

9. Suzlon Targets 10 GW Annual Sales in “Suzlon 2.0” Roadmap
Renewable energy major Suzlon announced its long-term corporate strategy through FY31. Under its new “Suzlon 2.0” vision, the company aims to become a fully integrated clean energy player by expanding its order book to 15 GW, boosting assets under management to 70 GW, and scaling annual renewable sales fourfold to hit 10 GW.

10. Apple Faces CCI Antitrust Advance, Agrees to Share Data In an ongoing anti-monopoly probe regarding App Store policies, Apple has agreed to provide essential financial compliance data to the Competition Commission of India (CCI). While the probe is moving forward rapidly, immediate changes to Apple’s fee structures in the Indian market remain uncertain.