5 June 2026 | Today’s Latest and Top 10 Business News of India

On Jun 5, 2026

TEN NEWS NETWORK

India News (05/06/2026)

1. GDP Accelerates to 7.7% for Full Year, Q4 Touches 7.8% Provisional government estimates reveal India’s economy expanded by a robust 7.8\% in the January–March quarter (Q4). This pushed the full-fiscal year GDP growth up to 7.7\%, beating initial projections and outpacing the previous year’s 7.1\% growth despite global supply shocks and high energy costs.

2. RBI Holds Repo Rate Stable at 5.25%
The Reserve Bank of India’s Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, decided to keep the benchmark repo rate unchanged at 5.25\% for the second consecutive meeting. The central bank maintained its “neutral” stance while emphasizing vigilance over stubborn domestic inflation.

3. RBI Unveils Aggressive Forex Measures to Attract Foreign Dollars
To combat currency volatility and stabilize the domestic rupee, the RBI announced a package of bond, swap, and deposit measures. These steps aim to inject foreign currency liquidity into the market as high global crude prices and foreign capital outflows continue to pressure the currency.

4. FIIs Exempted from Capital Gains Tax on Government Bonds In a major policy move to boost foreign capital inflows, the Central Government announced a total capital gains tax exemption for Foreign Institutional Investors (FIIs) investing in Indian Government Securities (G-Secs). Analysts predict this tax holiday will significantly enhance post-tax returns and incentivize sticky foreign capital.

5. RBI Warns of Monsoon Risks, Marginally Cuts FY27 Growth Projections
Following its policy meeting, the RBI explicitly flagged monsoon uncertainty as a major risk factor to domestic rural consumption. Citing geopolitical tensions and unpredictable weather patterns, the central bank revised its inflation outlook for the next fiscal year to 5.1\% while tempering its GDP growth projection to 6.6\%.

6. SEBI Flags Massive ₹15-Trillion Revenue Discrepancy at Rajesh Exports
Shares of gold exporter Rajesh Exports crashed to their 5% lower circuit for a second consecutive day following an interim order by SEBI. The market regulator flagged a massive ₹15-trillion revenue inflation discrepancy and ordered a fresh forensic audit, sparking structural anxiety among institutional holders like LIC.

7. India–US Trade Deal First Tranche Nears July Completion
Union Commerce and Industry Minister Piyush Goyal announced that the first phase of the highly anticipated India–US trade deal is on track to finalize by mid-July. Goyal termed recent bilateral discussions highly encouraging, indicating that India is securing critical “preferential access” over competitors in key export sectors.

8. Adani Group Stocks Surge on Massive Block Deals and Solar Expansion
Adani Group entities experienced intense buying interest, led by Adani Green Energy, which jumped over 7%. The rally was driven by massive institutional block deals worth over ₹5,700 crore and news that its subsidiary commissioned a new 50 MW solar project at the Khavda Renewable Energy Park in Gujarat.

9. PwC Forensic Audit Alleges Irregularities at IndusInd Bank Treasury
A confidential review by accounting firm PwC reportedly uncovered significant manual treasury entry manipulations within IndusInd Bank’s operations. The report alleges that these entries were actively used to offset heavy trading losses, creating an artificial pool of receivables worth ₹2,201.76 crore.

10. Oil India Strikes Natural Gas in the Andaman Offshore Basin
State-owned Oil India Limited reported a fresh natural gas discovery at its Vijayapuram-3 exploratory well located in the shallow waters of the Andaman offshore basin. The company confirmed that appraisal work is ongoing to map out the exact commercial hydrocarbon potential of the block.