The move is aimed at making Indian debt markets more attractive to overseas investors while helping shield the economy from the effects of the continuing Iran conflict.
Stock market recommendations: Power Finance Corporation (PFC), and Aequs have been recommended as the top stocks to buy today, June 5, 2026 by Bajaj Broking Research.
Oil prices saw a slight dip Friday as Middle East ceasefire hopes dimmed after Hezbollah rejected a US-backed proposal. Despite this, benchmarks are set for their first weekly gain in three weeks, buoyed by ongoing regional tensions and Strait of Hormuz disruptions. Conflicting signals from the region and declining global inventories are keeping investors cautious,
Russian President Vladimir Putin desires a swift end to the Middle East conflict, refuting claims that Moscow profits from rising energy prices. He emphasized Iran’s resilience and the need to consider its interests in any settlement. Putin also lauded India as a reliable partner, describing the India-Russia relationship as a “special privileged strategic partnership” and
India and the US are nearing a trade agreement, with discussions extending beyond goods to encompass non-tariff measures, customs, and economic security. This comes as the US proposed additional tariffs on several countries, including India, over forced labor concerns. Both nations express optimism about finalizing a mutually beneficial deal soon.
Rajesh Mehta, once a prominent figure in Karnataka’s jewellery scene with brands like Shubh and Laabh, has seen his retail ventures wind down amidst Sebi investigations. His journey began with gold refining and manufacturing, evolving into a global player after acquiring Swiss refinery Valcambi. A planned advanced display manufacturing facility in Telangana also faces uncertainty
Union Minister Piyush Goyal urged Indian industry and MNCs to establish manufacturing, design, and innovation hubs in India, leveraging the country for global supply chains and exports. He highlighted India’s position as a credible alternative manufacturing hub and a safe investment destination, projecting it to remain the world’s fastest-growing economy for decades.
Citi CEO Jane Fraser urged India to focus on execution and long-term strengths, rather than short-term challenges. She highlighted India’s compelling structural drivers like demographics and digital infrastructure, which global investors recognize. Fraser noted that while global factors cause volatility, India’s structural story remains strong, with growing investor interest in domestic consumption, infrastructure, technology, and
