- Trump Says US Still Weighing Share Sale for Fannie, Freddie June 5, 2026President Donald Trump said his administration is still considering a public offering of shares in mortgage giants Fannie Mae and Freddie Mac, days after he said he was appointing his top housing official to oversee the government’s network of intelligence agencies.
- UP Power Corp receives approval to source power from Bhutan's hydro project: Details June 5, 2026Khorluchu Hydro Power is a joint venture between homegrown Tata Power and Druk Green Power Corporation.
- Tata Steel UK begins assessment after Port Talbot fire, says Hot Strip Mill restart to begin next week June 5, 2026Tata Steel UK said assessment work is underway following a fire at the Pickle Line plant in Port Talbot. No injuries were reported, but a key production line suffered substantial damage. The company aims to restart the Hot Strip Mill next week
- Tata Trusts defends 1989 Tata Sons share transfer, says Palkhivala vetted deal June 5, 2026Suresh Tulsiram Patilkhede, a resident of Mumbai and an independent politician, filed a complaint in the high court and sent notices to the Tata Trustees, which the court subsequently allowed him to withdraw five days later, on 13 May.
- Startup Policy Forum submits recommendation to Sebi, finance ministry to ease KYC norms for NRIs investing in India June 5, 2026The Startup Policy Forum has urged Sebi and the finance ministry to fix digital onboarding barriers that prevent non-resident Indians from investing in Indian markets remotely.
- India's forex reserves rise $938 million to $682 billion despite RBI's $5 billion swap June 5, 2026India's foreign exchange reserves saw a slight increase of $938 million, reaching $682 billion by May 29. This rise occurred despite a significant dollar-rupee swap by the Reserve Bank of India. The central bank likely sold dollars in the spot market to support the rupee. Foreign currency assets grew, while gold reserves saw a decline.
- FAR expansion, tax relief may boost foreign bond inflows, but risks remain June 5, 2026New government debt rules aim to attract foreign investment. Additional government securities are now accessible to foreign investors. Tax exemptions are also in place. These measures are expected to boost Indian debt appeal over time. However, immediate foreign inflows remain uncertain. Global events like oil prices and regional conflicts influence investor […]
- PSUs to get concessional forex swaps to boost external borrowings June 5, 2026The Reserve Bank of India will introduce a special foreign exchange swap facility for public sector undertakings. This initiative aims to encourage external commercial borrowings by these entities. The facility will be available until September 30. It is expected to significantly increase dollar inflows into India. Governor Sanjay Malhotra anticipates health […]
- IT secretary signals stricter govt controls for AI, biometric devices June 5, 2026India's IT secretary, S Krishnan, emphasized the need for strategic autonomy and control over AI and biometric hardware. Citing concerns over industrial espionage and data security, he highlighted the importance of sourcing devices from trusted origins, a move already underway in sectors like telecom and CCTV.
- For a few dollars more: Inflation bypass can hurt June 5, 2026India's central bank holds interest rates steady despite rising inflation. The focus shifts to stabilizing the rupee with a new dollar deposit scheme. This move aims to attract foreign currency and boost confidence. While offering gains to non-resident Indians, it comes at a significant cost and distorts market rates.
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