Business
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India's demat account boom has 77% inactivity problem
NDTV ProfitArchived
India had 21.6 crore demat accounts as of December 2025, but only about 5 crore were active, leaving nearly 16.6 crore dormant or inactive. NSE's active investor base fell 7% year-on-year in FY26 to 4.58 crore, the steepest decline on record.
India-US trade deal expected after Section 301 probe
NDTV ProfitArchived
India and the United States are expected to finalise their long-awaited trade agreement after the ongoing Section 301 investigation concludes, sources told NDTV Profit. New Delhi is seeking assurances that no additional tariffs will be imposed once the deal is concluded.
India buying more Russian oil than in November, says Hardeep Puri
NDTV ProfitArchived
Petroleum Minister Hardeep Singh Puri said India is purchasing significantly more crude oil from Russia than it did last November and imports crude from 41 countries. He said fuel supplies remain adequate despite West Asia tensions and concerns around the Strait of Hormuz.
JSW Energy commissions wind blade plant in Gujarat
NDTV ProfitArchived
JSW Energy commissioned its wind blade manufacturing plant at Halol, Gujarat. The facility can produce up to 450 wind blades annually, equivalent to 600 MW of wind projects, and will manufacture 82-metre blades for 4 MW wind turbine generators.
Vijay Kedia responds to Elon Musk on India's birth rate
NDTV ProfitArchived
Investor Vijay Kedia responded to Elon Musk's concern over India's fertility rate falling below replacement level, saying India has no shortage of people or talent. He argued the opportunity lies in converting talent into productivity, prosperity and innovation.
SEBI plans bond tokenisation pilot in six to nine months
NDTV ProfitArchived
SEBI Chairman Tuhin Kanta Pandey said a bond tokenisation pilot is expected within six to nine months. Speaking at the ICICI Securities India Investor Conference, he also flagged reforms for bond liquidity, broker rules, foreign investor access and primary market pricing.
HPCL, BPCL and IOC shares fall as Brent crosses $97
NDTV ProfitArchived
Shares of state-run oil marketing companies traded lower after Brent crude rose above $97 a barrel amid renewed Iran-Israel hostilities. HPCL fell 2.69%, BPCL declined 2.15% and IOC was down 1.5% as investors worried about pressure on fuel marketing margins.
India and Indonesia explore deeper defence and semiconductor ties
NDTV ProfitArchived
External Affairs Minister S Jaishankar hosted Indonesian Foreign Minister Sugiono for wide-ranging talks on defence, maritime trade, investments, pharmaceuticals, semiconductors and food security. The ministers reviewed the full spectrum of ties under the Comprehensive Strategic
EU delegation to visit Assam for investment opportunities
NDTV ProfitArchived
A high-level European Union delegation will visit Assam on June 8 and 9 to explore collaboration between Europe and India's North Eastern states. The delegation will include EU ambassadors, senior representatives and business leaders.
Gautam Adani reclaims Asia's richest person title
Economic TimesArchived
Economic Times reported Gautam Adani reclaimed Asia's richest person ranking on June 6 after Adani Group stocks rallied sharply. Forbes listed his net worth at $89.2 billion, ahead of Mukesh Ambani at $88 billion and SoftBank's Masayoshi Son at $87 billion. Adani ranked 23rd glob
Forty-four stocks turn ex-date for dividends and splits
Economic TimesArchived
Economic Times reported 44 stocks will turn ex-date between June 8 and June 12 for dividends, bonus issues, stock splits, and rights issues. Infosys shares trade ex-record on June 10 for a final dividend of Rs 25 per share. Indian Bank and Seshasayee Paper also have Wednesday rec
Reliance sheds Rs 39,718 crore in a weak week
LivemintArchived
Livemint reported seven of India's ten most valuable listed companies lost a combined Rs 1.25 lakh crore in market capitalisation last week amid broader weakness and persistent FII selling. Reliance Industries recorded the largest decline at Rs 39,718 crore but remained India's m
Record cash in circulation but ATMs face shortages
NDTVArchived
Higher fuel, security, and logistics costs make ATM networks expensive even as transaction volumes fall nationwide. CATMi warned rural and semi-urban areas face the highest cash-out risk for DBT recipients and small traders. Deposits are not at risk, but access can still be uneve
Delhi 14.2-kg LPG cylinder now costs Rs 942
NDTVArchived
State-owned fuel retailers raised domestic LPG prices by Rs 29 per cylinder effective June 7. A 14.2-kg cylinder in Delhi now costs Rs 942, up from Rs 913. India TV reported Mumbai at Rs 941.50, Kolkata at Rs 968, and Chennai at Rs 957.50. This is the second hike in three months
RBI says plastic currency notes are under review
NDTVArchived
RBI Governor Sanjay Malhotra said the central bank is examining the pros and cons of introducing polymer or plastic currency notes, but no final decision has been taken. He said the proposal remains at a preliminary stage.
India rolls out coordinated push to support the rupee
NDTV ProfitArchived
NDTV Profit's Tamanna Inamdar writes that the rupee's strong Friday gain followed a coordinated RBI and government push to attract foreign capital. Measures included tax relief for foreign investors in government securities, wider PROI investment limits and RBI steps to support d
Netflix names Jay Hoag chairman
NDTV ProfitArchived
Netflix named Jay Hoag, founding general partner of investment firm TCV, as chairman after co-founder Reed Hastings left the board. Hoag, 67, has been a Netflix board member since 1999 and had served as lead independent director before his elevation, NDTV Profit reported.
SEBI clears five IPO proposals
NDTV ProfitArchived
SEBI has approved five IPO proposals, including Advanta Enterprises, Truhome Finance, Oyo parent Oravel Stays, Mehta Hitech Industries and Veegaland Developers. The market regulator issued observation letters on the draft documents, which amounts to final approval in SEBI parlanc
India-US trade pact first phase may close soon
NDTVArchived
Commerce and Industry Minister Piyush Goyal said India and the US are moving toward closing all open ends of an interim trade agreement and may execute the first phase by the middle of next month. A US team was in New Delhi from June 2 to 4 for finalisation discussions.
Data sharing needs consumer confidence
NDTV ProfitArchived
The account aggregator model depends on users trusting consent screens, data flows and grievance systems. Sahamati's SRO role can strengthen that trust if standards are clear and enforceable. How can India's financial data ecosystem make consent meaningful for ordinary users, not
Shamika Ravi says rupee 100 is just a number
NDTV ProfitArchived
EAC-PM member Shamika Ravi said concerns about the rupee breaching 100 per dollar should not override the priority of managing inflation and economic stability. Speaking on an ANI podcast, she said defending a particular currency level should not become an end in itself, NDTV Pro
Oracle layoffs enter final phase
NDTV ProfitArchived
Oracle has entered the final phase of a major restructuring that is expected to result in the exit of nearly 30,000 employees, about 18% of its global workforce, NDTV Profit reported citing Tech Times. Thousands of employees are scheduled to officially leave the company between J
RBI fines Canara Bank Rs 41.8 lakh
NDTV ProfitArchived
The Reserve Bank of India imposed a Rs 41.8 lakh penalty on Canara Bank for non-compliance with certain provisions, including Know Your Customer norms. RBI said the bank did not upload KYC records of certain customers to the Central KYC Records Registry within the prescribed time
Ixigo buys majority stake in Brevistay
NDTV ProfitArchived
Ixigo's board approved the acquisition of a 54.66% stake in flexible-stay hotel network Brevistay for Rs 65.69 crore. The transaction will use a mix of secondary and primary share purchases, and Brevistay will become an ixigo subsidiary after completion of conditions under the de
India calls US trade talks constructive
NDTVArchived
India said it held positive and constructive conversations with the United States on finalising a bilateral trade agreement. A US Trade Representative delegation visited India from June 1 to 4, with talks covering goods, non-tariff measures, customs, trade facilitation, economic
Sitharaman vows to drive reform express
NDTV ProfitArchived
Finance Minister Nirmala Sitharaman said the government remains committed to driving the Reform Express with decisive policy measures to maintain positive economic momentum despite global challenges. Her remarks came after RBI lowered its FY27 GDP forecast to 6.6% from 6.9% becau
IDFC First Bank review confirms Rs 646 crore exposure
NDTV ProfitArchived
IDFC First Bank said a KPMG forensic review confirmed around Rs 646 crore net principal exposure in the Chandigarh branch fraud case, matching earlier disclosures. The bank said the incident was isolated to one branch and involved collusion among current and former bank employees
SpaceX targets $1.77 trillion valuation
Space.comArchived
SpaceX is preparing for a Nasdaq debut that could value the company at about $1.77 trillion, making it the seventh-most valuable American company, according to Space.com and market reports. The company is expected to sell about 555.6 million shares at $135 each under the ticker S
PM Modi flags global fuel volatility
NDTV ProfitArchived
Prime Minister Narendra Modi said global petrol prices are seeing sharp fluctuations and gas supply chains are under severe strain amid geopolitical tensions. Speaking at an event in Gujarat, he called the current period a decade of disasters, beginning with COVID-19 and followed
India makes G-Secs tax-free for foreign investors
NDTV ProfitArchived
India has announced a full tax exemption on interest income and capital gains earned by eligible foreign investors from government securities. The relief comes through the Income-tax Amendment Ordinance, 2026, effective retrospectively from April 1, 2026. FIIs and FPIs will no lo
Government exempts FIIs from G-Sec taxes
NDTV ProfitArchived
The government has introduced a retrospective tax exemption for Foreign Institutional Investors on income from government securities. The Income-tax Amendment Ordinance, 2026 waives tax on interest income and capital gains from sale, exchange or transfer of G-Secs, effective from
RBI raises FY27 inflation forecast to 5.1%
NDTV ProfitArchived
The RBI Monetary Policy Committee raised its FY27 CPI inflation projection to 5.1%, up 50 basis points from its previous 4.6% estimate, NDTV Profit reported. Governor Sanjay Malhotra flagged global supply disruptions from the US-Iran conflict, elevated energy prices, subnormal mo
BHEL shares rise after Rs 21,000 crore order
NDTV ProfitArchived
Bharat Heavy Electricals shares rose over 2% after the company secured an order worth more than Rs 21,000 crore, excluding GST, from Meja Urja Nigam Pvt Ltd. The order is for the 3x800 MW Meja supercritical thermal power project Stage-II in Prayagraj, Uttar Pradesh.
E85 rollout begins on key urban corridor
NDTV ProfitArchived
India will start with 50 to 100 E85 fuel dispensing stations across the National Capital Region, Mumbai, Pune and Nagpur corridor, Petroleum Minister Hardeep Singh Puri said at Maruti Suzuki's WagonR Flex Fuel launch. The government plans 500 such stations by December 2026 and 5,
UK minister avoids India trade deal timeline
NDTV ProfitArchived
UK Business Secretary Peter Kyle declined to set a timeline for implementing Britain's free trade agreement with India after New Delhi warned that UK steel safeguards could affect tariff concessions. Kyle said work was moving at breakneck speed but would not confirm autumn implem
Steel dispute tests India-UK trade trust
NDTV ProfitArchived
The dispute shows how one protected sector can slow a wider trade agreement. India accounts for only about 5% of the UK steel market, while most UK steel imports come from the EU, Labour peer Sonny Leong said. Yet the measures have raised concerns over timelines, whisky tariffs a
IndiGo suspends six international routes
NDTVArchived
IndiGo has temporarily suspended operations to Langkawi, Krabi, Ho Chi Minh, Hong Kong and Shanghai from July 1, and Siem Reap from July 3, until September 30. The airline cited softer demand, elevated operating costs and airspace restrictions while saying bookings may resume fro
UP claims Rs 50 lakh crore investment pipeline
NDTVArchived
Uttar Pradesh has received private investment proposals worth more than Rs 50 lakh crore over nine years, senior state officials told NDTV. The proposals span electronics, semiconductors, defence manufacturing, logistics, textiles, pharmaceuticals and data centres, and are estima
Finance panel questions fuel shock response
The HinduArchived
The Parliamentary Standing Committee on Finance questioned the government on why oil marketing companies could not absorb the fuel price shock from the US-Iran stand-off despite reporting strong profits. Members from both Opposition and ruling parties raised concerns about inflat
LIC still holds 10.8 percent in Rajesh Exports
MoneycontrolArchived
Moneycontrol reported that LIC holds a 10.80 percent stake in Rajesh Exports, unchanged since at least September 2023, even after SEBI passed an interim order alleging financial misrepresentation and fund-routing irregularities. Foreign institutional investor ownership has fallen
Sensex falls 229 points in early trade
The TelegraphArchived
The Telegraph reported a weak start for Indian equities on June 4, with the Sensex declining 229.69 points to 74,139.32 in early trade. The Nifty dropped 66.30 points to 23,339. The update was published as breaking market news, with more details awaited on sector moves and invest
Kerala white paper flags Rs 5.07 lakh crore liabilities
The HinduArchived
A white paper tabled by Kerala Chief Minister V.D. Satheesan said the state's fiscal structure is under serious and growing strain, The Hindu reported. Outstanding liabilities stand at Rs 5.07 lakh crore, committed expenditure equals 77 percent of total revenue receipts, and inte
Uday Kotak cites Google $80 bn raise as wake-up call
MintArchived
Kotak Mahindra Bank founder Uday Kotak posted on X that Alphabet's plan to raise $80 billion, despite cash surplus, should be a wake-up call for Indian companies to invest in the future. He noted Google's annual profit near $160 billion and market cap about $4.5 trillion, close t
TCS slides over 9% in steepest drop since March 2020
MoneycontrolArchived
Tata Consultancy Services shares fell more than 9% on Wednesday, their sharpest single-day decline since March 12, 2020, Moneycontrol reported. TCS was the biggest Nifty 50 loser and dragged the Nifty IT index down 5.6%, its worst session in four months. Infosys fell 3.8% and HCL
Cabinet clears Rs 10,000 crore ATF price stabilisation fund
Economic TimesArchived
The Union Cabinet approved up to Rs 10,000 crore in one-time budgetary support for oil marketing companies to stabilise aviation turbine fuel prices, Economic Times reported. Minister Ashwini Vaishnaw cited sharp ATF rises linked to the West Asia conflict. International ATF price
Infosys and Wipro ADRs fall after software selloff
NDTV ProfitArchived
Infosys and Wipro ADRs fell sharply in New York after Wall Street-listed software stocks sold off on brokerage warnings about AI disruption. NDTV Profit reported Wipro's ADR dropped nearly 9 percent to $2.16, while Infosys declined as much as 4 percent to $12.86 during Tuesday tr
SpaceX eyes $75 billion IPO raise, report says
NDTV ProfitArchived
Elon Musk-led SpaceX is aiming to raise at least $75 billion through an upcoming IPO, Reuters reported via NDTV Profit. The rocket and satellite company is targeting a valuation of about $1.75 trillion including a greenshoe option, after preliminary investor meetings during the t
Victoria's Secret stock jumps toward record day
NDTVArchived
Victoria's Secret shares surged nearly 50 percent intraday and touched a record high of $81.28 before trading around 40 percent higher at $75.61, NDTV reported citing Reuters. The rally followed stronger quarterly revenue, an adjusted profit of 60 cents per share, and upgraded fi
IndiGo to suspend Manchester flights from August 31
NDTV ProfitArchived
IndiGo will temporarily discontinue flights to and from Manchester from August 31, citing international airspace constraints, longer flight durations and rising operating costs. NDTV Profit and other reports said the airline will return one leased Boeing 787-9 Dreamliner from Nor
USTR proposes 12.5 percent duties on India
The HinduArchived
The U.S. Trade Representative has proposed 12.5 percent additional duties on imports from 54 countries, including India, over alleged failures to prohibit imports made with forced labour. The action follows investigations into 60 economies. India denied the allegations and asked