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

On Jun 6, 2026

TEN NEWS NETWORK

India News (06/06/2026)

1. GDP Growth Hits 7.7% for FY26; Q4 Accelerates to 7.8% Provisional government estimates reveal India’s economy expanded by a robust 7.8% in the January–March quarter (Q4). This pushed full-fiscal year GDP growth up to 7.7%, beating early projections and outperforming major global economies despite sustained supply chain disruptions.

2. RBI Holds Repo Rate at 5.25%, Trims Growth Forecast to 6.6% The Reserve Bank of India’s Monetary Policy Committee (MPC) kept the benchmark repo rate unchanged at 5.25%. Citing persistent geopolitical risks and unpredictable weather patterns, the central bank tempered its growth projection for the upcoming year to 6.6% while raising its inflation projection to 5.1%.

3. RBI Unveils Aggressive Forex Shield; Rupee Recovers to 95.24 To combat currency volatility and stabilize the domestic currency, the RBI announced a host of measures aimed at boosting foreign capital inflows. Following the announcement, the rupee staged a strong recovery against the US dollar, touching 95.24 in active trading.

4. Capital Gains Tax Waived for Foreign Investors in Govt Bonds In a major fiscal policy shift to invite deeper foreign capital, the Central Government announced it will drop the capital gains tax for foreign portfolio investors (FPIs) investing in Indian government securities (G-Secs). Analysts expect the move to channel up to $75 billion in fresh inflows.

5. First Phase of India-US Trade Pact Set for Mid-July Delivery Commerce and Industry Minister Piyush Goyal announced that India and the United States are on track to execute the first phase of a bilateral trade agreement by the middle of next month. The deal aims to secure crucial preferential market access for Indian exporters in key sectors.

6. SEBI Flags Massive Discrepancy at Rajesh Exports; Stock Crashes 5%
Shares of gold exporter Rajesh Exports hit their 5% lower circuit following an interim order by SEBI. The market regulator flagged a massive revenue inflation discrepancy and ordered a fresh forensic audit, triggering a sharp sell-off from major institutional holders.

7. PwC Audit Alleges ₹2,201 Crore Treasury Manipulations at IndusInd Bank A confidential forensic review by accounting firm PwC reportedly uncovered manual entry manipulations within IndusInd Bank’s treasury operations. The report alleges that these irregular entries were utilized to offset heavy trading losses, creating an artificial pool of receivables worth ₹2,201.76 crore.

8. Adani Group Stocks Rally After ₹5,700 Crore Block Deals Adani Group entities experienced strong buying sentiment, led by Adani Green Energy, which jumped over 7%. The rally followed massive institutional block deals worth over ₹5,700 crore and the commissioning of a new 50 MW solar plant at the Khavda Renewable Energy Park in Gujarat.

9. Oil India Discovers Fresh Natural Gas in Andaman Offshore Basin State-owned Oil India Limited confirmed a fresh natural gas discovery at its exploratory well in the shallow waters of the Andaman offshore basin. Appraisal work is currently underway to evaluate the exact commercial hydrocarbon potential of the block.

10. Cabinet Approves ₹10,000 Crore ATF Price Stabilisation Fund To shield the civil aviation sector from soaring jet fuel prices caused by the West Asia crisis and supply bottlenecks, the Union Cabinet approved a ₹10,000 crore Aviation Turbine Fuel (ATF) stabilization fund to support domestic airlines.