Gold prices dropped significantly in futures trade on Friday. This decline was driven by rising oil prices, ongoing tensions in West Asia, and worries about increasing interest rates. Investors are closely watching global developments and economic reports for future market direction. The Reserve Bank of India also revised its inflation forecast upwards.

Singtel has embarked on a strategic partnership with Digital Industry Singapore, aiming to elevate the capabilities of artificial intelligence across its services with a robust funding of S$28 million. This commitment will bolster AI applications within operations and customer interfaces, while simultaneously prioritizing workforce training and development. It aligns seamlessly with Singapore's National AI Strategy 2.

CMR Green Technologies' initial public offering saw massive investor interest. The Indian aluminium recycler received bids worth over 563 billion rupees for its 65.8 million dollar issue. This marks India's first IPO in a month. Strong demand reflects investor confidence in the non-ferrous metal recycling sector. Shares are expected to list on June 10.

In a groundbreaking development, Atom Financial Services Group has joined forces with Sirius Capital, a UAE firm, marking the inception of Atom Investment Banking. This innovative global platform is tailored for promoter-led enterprises across India, the UAE, and Singapore, boasting an array of integrated advisory services, including wealth management and investment banking.

Titan shares are seeing gains as brokerages maintain a positive outlook. The company has outlined ambitious growth plans for the coming years. Key businesses like Tanishq are expected to see significant revenue and profit increases. Analysts highlight Titan's strong market position and ability to navigate challenges. Future growth is anticipated from both jewellery and other segments.

India will exempt foreign institutional investors and the Bank for International Settlements from capital gains tax on government securities. This move aims to attract more stable foreign capital. The exemption will take effect from April 1, 2026. This decision is expected to improve post-tax returns for overseas investors. It will also support greater participation in Indian government securities.

A fresh complaint has been filed with the Maharashtra Charity Commissioner ahead of the June 8 meeting of trustees of Sir Dorabji Tata Trust, alleging irregularities in the transfer of 833 shares of Tata Sons from the Navajbai Ratan Tata Trust to late Naval H. Tata in January 1989.

RBI Governor Sanjay Malhotra cautioned that rising energy and input costs, along with supply disruptions, could weigh on growth, while import diversification may ease shortages but at a higher cost.

RBI Governor Sanjay Malhotra cautioned that inflation forecasts remain vulnerable to upside risks from global supply chain disruptions, commodity price shocks, uncertainty over the spatial and temporal distribution of the south-west monsoon and the persistence of El Niño conditions.

State Bank of India Managing Director Rama Mohan Rao Amara welcomes the government's move to exempt foreign investors from capital gains tax on Indian government securities. This decision aims to attract foreign capital when emerging markets face global pressure. Amara believes this will encourage foreign portfolio investors to reconsider Indian debt.

Rajesh Exports faces potential removal from a government battery production incentive scheme. The corporate affairs ministry is considering a probe into the company's financial reporting. This follows a Securities and Exchange Board of India order flagging significant overstatement of revenues. The company's chairman stated no official communication has been received yet. The situation is developing rapidly.

RBI Governor Sanjay Malhotra on Friday in his June MPC statement said net FPI outflows stood at nearly USD 14 billion in FY27 so far, primarily from equities, even as gross FDI remained robust. To attract foreign capital and strengthen the balance of payments, the central bank announced five measures, including easing foreign investment norms, expanding FAR securities and providing forex facilities for ECBs and FCNR(B) deposits.

Blackstone-backed data centre specialist AirTrunk plans to invest more than USD 30 billion (over Rs 3,000 billion) to develop over 5 gigawatts (GW) of digital infrastructure capacity in India by 2030.

India's progress in areas such as artificial intelligence, semiconductors and global trade partnerships reflects its growing role in the international economy, said Minister of State for Commerce and Industry Jitin Prasada inaugurating the Global Business Research Conference 2026 at the Indian Institute of Foreign Trade.

The Indian rupee strengthened today, moving against weaker Asian markets. This rise occurred before a key Reserve Bank of India policy announcement. Markets are watching closely for any interest rate changes. Economists generally do not expect a hike. The central bank faces challenges attracting capital amid global uncertainty. The rupee's near-term direction hinges on this policy decision.

The government is considering selling up to a 2% stake in Hindustan Zinc Ltd., a move that could raise around Rs 5,000 crore. The stake sale, likely this month or in July, is part of a broader divestment drive aimed at boosting revenue through public asset sales. Several investment banks have been appointed to advise on the transaction.

The Centre has promulgated the Income-tax (Amendment) Ordinance, 2026, granting tax exemption to Foreign Institutional Investors (FIIs) on capital gains and interest income arising from investments in government securities (G-Sec).

RBI monetary policy meeting: India's monsoon season is critical for farms and prices. A weak monsoon could impact crop yields and raise food costs. The Reserve Bank of India is watching weather closely. Inflation has already risen slightly. Experts warn of price pressures from rain, energy, and currency. Monsoon outcomes will shape India's economic path.

The Reserve Bank of India on Friday left the repo rate unchanged at 5.25 per cent and retained its neutral policy stance, while lowering its FY27 growth forecast to 6.6 per cent and projecting inflation at 5.1 per cent amid escalating geopolitical tensions, rising energy prices and mounting global uncertainties.

A confidential PwC review of IndusInd Bank's treasury operations revealed significant accounting irregularities. Manual entries were used to mask over ₹2,200 crore in trading losses, inflating profits and assets by ₹1,817.58 crore. The report highlighted a disconnect between the bank's risk management and trading desks, leading to overstated financial figures.