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June 5, 2026
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Rupee appreciation after RBI policy as investment norms eased, repo rate stayed unchanged, and sentiment improved.
Rupee appreciation followed the RBI's monetary policy announcement after the central bank liberalised norms for FPI investment in government securities and raised the investment limit for Non-Resident Indians and Overseas Citizens of India in equity instruments. The Monetary Policy Committee kept the repo rate unchanged at 5.25 per cent with a neutral stance, while the RBI stated that its exchange-rate policy remains unchanged and that it does not target any specific rate or band for the rupee.
June 5, 2026
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GDP growth forecast revision reflects energy price pressures, supply disruptions, and geopolitical risks to economic activity.
The Reserve Bank revised down its real GDP growth projection for FY 2026-27 to 6.6 per cent, citing elevated energy and commodity prices, continued supply disruptions from the West Asia conflict, and broader risks from global supply-chain disruption, financial market volatility, and weather-related shocks. Domestic activity was described as broadly resilient, with manufacturing, services, consumption, investment, and exports holding up despite cost pressures, while the global outlook remains clouded by geopolitical tensions and foreign exchange volatility.
June 5, 2026
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Government securities tax exemption for foreign investors aims to attract long-term capital into sovereign debt markets.
Government foreign investment policy for government securities has been adjusted to attract long-term dollar inflows by exempting foreign institutional investors from long-term capital gains tax on investments in government securities through an Ordinance amending the Income Tax Act. The change is intended to make sovereign debt more attractive to patient foreign capital, particularly at a time of heavy foreign fund outflows from equities and pressure on the rupee.
June 5, 2026
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Rupee appreciation and RBI policy outlook drive market focus as India-US trade talks support sentiment.
The rupee appreciated in early trade against the US dollar as market participants awaited the Reserve Bank of India's monetary policy decision, with inflation, growth and currency stability under focus. Traders viewed 96.00 as a key resistance level for USD/INR and expected a cautious policy stance to support debt inflows and a possible move toward the 95.00-95.20 range. Encouraging India-US trade talks also supported sentiment and future capital inflows.
June 5, 2026
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RBI monetary policy decision lifts market sentiment as Indian equities trade higher amid mixed global cues and foreign selling.
Indian equity markets traded higher in early session ahead of the Reserve Bank of India's monetary policy decision. Market sentiment was shaped by expectations around the policy statement and the RBI Governor's message, alongside mixed global cues and continued foreign institutional investor selling.
June 4, 2026
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Land compensation fraud and money laundering allegations linked to highway acquisition triggered enforcement action under PMLA.
Money laundering investigation arose from alleged irregularities in compensation disbursement for land acquired for the Raipur-Visakhapatnam Economic Corridor under the Bharatmala project. The allegations state that land within the notified highway alignment was acquired and then fragmented into smaller plots to claim enhanced compensation from the National Highways Authority of India. The accused, along with family members and certain public servants, is alleged to have received compensation far in excess of the amount legitimately payable, generating alleged proceeds of crime that were later layered through shares, mutual funds and other financial instruments.
June 4, 2026
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Steel import restrictions delay India-UK trade deal implementation amid concerns over domestic industry protection and tariff commitments.
Steel import restrictions are being used as a protective trade measure against global overcapacity and the risk to domestic steel-making capability. The measures are linked to delays in implementing the India-UK Comprehensive Economic and Trade Agreement, while the treaty framework also includes whisky tariff liberalisation and continuing bilateral discussions on trade cooperation.
June 4, 2026
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Emergency national security authority is being used to support coal plants, exports and fossil-fuel power reliability.
Use of emergency national security authority is proposed to fund coal-fired power support, coal exports and related infrastructure, including support for existing coal plants, recommissioning of a plant, construction of new coal plants in Alaska and West Virginia, and development of a coal export terminal in California. The announced package is described as part of a broader federal effort to sustain coal capacity and extend the operation of fossil-fuel power plants past retirement dates in response to power-demand concerns.
June 4, 2026
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Trade agreement negotiations continue as India and the United States reaffirm commitment to strengthen bilateral trade and economic ties.
India and the United States reaffirmed their commitment to conclude a mutually beneficial trade agreement aimed at strengthening bilateral trade and economic ties. Chief negotiators completed four days of talks marked by cooperation and pragmatism, with discussions covering trade in goods, non-tariff measures, customs and trade facilitation, economic security alignment, and other areas of mutual interest.
June 4, 2026
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Flex-fuel vehicles and higher ethanol blends are reshaping India's fuel policy toward cleaner mobility and energy security.
Flex-fuel passenger vehicles have been introduced with technology that can run on ethanol-petrol blends ranging from E20 to E100 through an adaptive engine control system. The shift reflects India's broader move toward higher ethanol blending to reduce crude oil import dependence, strengthen energy security, lower carbon emissions, and support rural and biofuel-based economic activity. Proposed amendments to vehicle emission rules and the Central Motor Vehicles Rules, 1989, aim to widen the use of E85, E100, biodiesel, and hydrogen-CNG combinations.
June 4, 2026
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Psychological and religious coercion allegations drive chargesheet in TCS Nashik harassment and conversion case
Sexual harassment and alleged forcible conversion allegations at TCS's Nashik unit are reflected in the chargesheet filed in a case registered at Deolali Camp police station on a complaint by a 23-year-old employee. The document records statements that the accused used psychological and religious persuasion under the guise of reducing mental stress, including pressure to watch Islamic preaching videos, recite prayers, stop listening to Hindu devotional songs, visit temples less, and accept Islam. The victim further stated that one accused exploited her on the pretext of marriage and had obtained details of her bank accounts and UPI PIN.
June 4, 2026
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Foreign exchange market volatility lifts the rupee slightly as crude eases and policy expectations build.
The rupee appreciated modestly against the US dollar as easing global crude oil prices supported the currency, while heightened geopolitical tensions in West Asia limited sharper gains through safe-haven demand. Traders linked the exchange-rate movement to energy volatility, external risk sentiment and expectations around the upcoming monetary policy decision, with inflation, growth and the rupee under watch.
June 4, 2026
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Gold prices rebound on easing crude oil, while West Asia uncertainty and policy signals keep precious metals volatile.
Gold prices resumed their volatile movement and rose above the Rs 1.6 lakh per 10 grams mark as easing crude oil rates provided support. Silver extended losses for a second straight session, while market participants tracked West Asia uncertainty, tighter US monetary policy expectations, unresolved US-Iran negotiations, and the Reserve Bank of India's policy decision for further direction.
June 4, 2026
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Value-added millet exports gain momentum as APEDA facilitates a first sea shipment of botanical-infused foods to New Zealand.
APEDA facilitated the first-ever sea shipment of botanical-infused ready-to-cook millet functional foods from Karnataka to New Zealand, marking an expansion in India's value-added agri-food export basket. The export reflected rising international demand for innovative millet-based products and was linked to APEDA-supported trade promotion and business networking initiatives. The release highlights APEDA's role in export promotion through trade fairs, capacity-building and market development programmes, and notes the potential of value-added millet exports to support farmer incomes and strengthen the millet value chain.
June 4, 2026
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FEMA compounding mechanism resolves alleged foreign exchange contraventions through RBI order and ED no objection
Foreign exchange management proceedings were initiated for alleged contraventions of FEMA arising from transactions of significant value, and the company applied to the Reserve Bank of India for compounding under the statutory framework. The Enforcement Directorate issued a no objection, after which the Reserve Bank passed a compounding order and the matter was treated as compounded on payment of the prescribed monetary amount.
June 4, 2026
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Repo rate pause expected as inflation risks and growth concerns shape the central bank's cautious policy stance.
Monetary policy decision is expected to keep the repo rate unchanged, with the Reserve Bank adopting a cautious stance because the West Asia conflict is adding pressure to both inflation and economic growth. Market participants broadly expect a pause in rates at the upcoming Monetary Policy Committee meeting, though some foresee a modest increase, and many anticipate policy tightening later in the fiscal year if inflation risks intensify.
June 4, 2026
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Business research conference highlights trade resilience, artificial intelligence, BRICS and evidence-based policy for global competitiveness.
Global Business Research Conference 2026 at IIFT focused on managing business amid worldwide turbulence, with discussions on trade, manufacturing, innovation, technology, business education and evidence-based policy inputs. The programme included Directors' Conclaves, technical sessions across multiple management and policy disciplines, a special discussion on BRICS, a doctoral colloquium and awards recognising outstanding research contributions.
June 4, 2026
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Trade agreements and regulatory reform drive India's push for manufacturing growth, investor confidence and industrial infrastructure expansion.
India's trade and investment strategy was described as centred on expanding free trade agreements, investor outreach and market access, while supporting manufacturing growth, talent mobility and long-term capital flows. The address highlighted the Jan Vishwas Act 2.0, which decriminalized nearly 1,000 offences across central laws, and referred to the activation of four labour codes to simplify compliance. It also noted major infrastructure investment, the Bhavya Scheme for 100 industrial parks, and policy support for semiconductors, secure data infrastructure and data centre incentives.
June 4, 2026
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Monetary policy caution keeps equities flat amid West Asia tension, elevated crude and foreign fund outflows
Indian equity benchmarks ended almost flat in choppy trade as investors stayed cautious amid West Asia uncertainty, weak global cues, elevated crude prices and persistent foreign fund outflows. Benchmarks recovered from an early decline after buying emerged near key support levels, but sentiment remained subdued ahead of the monetary policy decision, with foreign institutional investors continuing to sell equities.
June 4, 2026
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Rupee depreciation on West Asia tensions keeps forex market cautious ahead of RBI policy decision
The rupee weakened against the US dollar amid heightened geopolitical tensions in West Asia, with traders citing energy-price volatility, safe-haven demand, elevated crude oil prices and firm US treasury yields as pressure points on the domestic currency. Market participants also tracked the Reserve Bank of India's Monetary Policy Committee meeting, with inflation, growth and the rupee under review and expectations that the policy rate may be left unchanged.

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Customs & Trade

Bharat Buildcon 2026 Day Two Witnesses Strong Business Momentum; Global Buyers, Industry Leaders and Policymakers Drive High-Value Engagements

June 20, 2026

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International Participation, Industry Conferences and Business Meetings Strengthen India's Position as a Global Building Materials Hub New Delhi [India], June 19: Bharat Buildcon 2026 – One Nation, One Expo, India's premier exhibition for the building materials and construction industry, continued to witness exceptional industry participation on its second day at the Yashobhoomi Convention Centre, New Delhi. The expo attracted strong footfalls from domestic and international buyers, architects, developers, contractors, manufacturers, traders, policymakers, consultants, and industry associations, further reinforcing its position as one of the largest business networking platforms for the sector.

The second day of the exhibition featured extensive business interactions, buyer-seller meetings, product showcases, and knowledge-sharing sessions, creating significant opportunities for Indian manufacturers to expand their market reach and strengthen global trade relationships.

India's construction and building materials sector is emerging as one of the strongest pillars of the nation's economic growth. The construction sector currently contributes nearly 9% to India's GDP and supports employment for more than 51 million people, making it the country's second-largest employment generator after agriculture. Industry estimates indicate that India's construction market, valued at approximately USD 685 billion in 2025, is expected to exceed USD 1.24 trillion by 2034, driven by rapid urbanization, infrastructure investments, housing demand, industrial expansion, and government-led development initiatives.

Simultaneously, India's building materials industry—including ceramics, tiles, sanitaryware, bathware, paints, construction chemicals, hardware, plywood, and laminates—is witnessing robust growth supported by large-scale infrastructure projects, smart city developments, logistics parks, industrial corridors, and rising demand from the residential and commercial real estate sectors. India is already among the world's largest producers of ceramic tiles and is steadily expanding its global export footprint across multiple building material categories.

A major highlight of the day was the participation of Shri Ashok Kumar Meena, Secretary, Department of Drinking Water & Sanitation, Ministry of Jal Shakti, who interacted with leading manufacturers and industry stakeholders during his visit to Bharat Buildcon 2026. He visited various exhibition stalls and discussed innovative solutions for water conservation, efficient water management, and sustainable infrastructure development. Shri Meena encouraged industry participants to share their inputs and innovations for reducing water wastage, while also sharing the government's vision for strengthening water security and sanitation infrastructure across the country.

The event also hosted two high-impact industry conferences focusing on Real Estate Market Outlook and International Confederation of Trade and Industry (ICTI). These sessions brought together domestic and international participants, offering valuable insights into emerging market trends, infrastructure investments, export opportunities, technological advancements, and global trade dynamics.

With participants from over 90 countries and more than 100 Indian cities, Bharat Buildcon 2026 has emerged as a powerful platform connecting Indian manufacturers with global buyers. Exhibitors across categories including ceramics, tiles, sanitaryware, bathware, hardware, plywood, laminates, paints, construction chemicals, machinery, and building technologies reported strong visitor engagement and promising business inquiries.

Highlighting the economic impact of such industry platforms, Mr. Jitendra Kathiriya, Director, Bharat Buildcon, said, "Events of this scale create value far beyond the exhibition halls. They stimulate business activity across manufacturing, logistics, hospitality, transportation, and services sectors. The thousands of business meetings taking place here are expected to translate into significant commercial transactions and strategic collaborations. Bharat Buildcon serves as a common platform where stakeholders from across the value chain come together to accelerate business growth and contribute to India's economic development." Speaking on the significance of the event, Mr. Vishal Acharya, Director, Bharat Buildcon, said, "The response witnessed during the first two days of Bharat Buildcon clearly demonstrates the growing global confidence in India's manufacturing ecosystem. The presence of international buyers, sourcing professionals, and trade delegations creates a direct pathway for Indian companies to expand their export footprint. Bharat Buildcon is not merely an exhibition; it is a business catalyst that connects Indian innovation with global demand and opens new avenues for trade, investment, and long-term partnerships." Commenting on the importance of exports and government-led initiatives supporting industry growth, Mr. Nilesh Jetpariya, Chairman, CAPEXIL, said, "India's building materials sector is rapidly emerging as a globally competitive industry backed by strong manufacturing capabilities, innovation, and quality standards. Government initiatives such as PM Gati Shakti, National Infrastructure Pipeline, Smart Cities Mission, Housing for All, and Make in India are creating tremendous opportunities for Indian manufacturers. Exhibitions such as Bharat Buildcon play a crucial role in connecting exporters with international buyers, helping Indian products reach new markets while strengthening the country's export ecosystem." Emphasizing the long-term vision behind the expo, Mr. Vijay Aghara, Director, Bharat Buildcon, said, "Bharat Buildcon has been envisioned as a platform that showcases India's industrial strength to the world. The participation of buyers from across continents, coupled with the presence of leading Indian manufacturers, demonstrates the growing influence of India's building materials industry in the global marketplace. Such interactions facilitate technology exchange, encourage innovation, and create sustainable business opportunities that benefit the entire industry ecosystem." The exhibition halls remained vibrant throughout the day, with exhibitors showcasing advanced technologies, sustainable construction solutions, innovative products, and next-generation building materials designed to support India's rapidly evolving infrastructure landscape. Several exhibitors reported productive discussions with buyers from domestic and international markets, generating strong prospects for future business collaborations.

Industry experts believe that as India moves toward becoming a USD 5 trillion economy and beyond, demand for construction materials, housing infrastructure, transportation networks, industrial facilities, and urban development projects will continue to rise significantly. This is expected to create substantial opportunities for Indian manufacturers while strengthening the country's position as a global sourcing and manufacturing hub.

As India continues to invest heavily in infrastructure, housing, industrial development, and urbanization, platforms such as Bharat Buildcon are expected to play an increasingly important role in promoting manufacturing excellence, boosting exports, attracting investments, and strengthening India's position in the global construction and building materials value chain.

Bharat Buildcon 2026 will continue until June 21, 2026, at the Yashobhoomi Convention Centre, New Delhi, and is expected to attract tens of thousands of additional visitors, buyers, and industry stakeholders in the coming days.

Powered By • JSW Diamond Sponsors • Solorex Tiles • Rafttaar.ai • Shree Cement • Bangur Cement • KICH India Gold Sponsors • Jindal Steel • Pidilite • Coverstone Ceramic • HUMBEE Associate Sponsors • Kajaria • Century Ply • Jaguar • Action TESA Security Partner • Harrison Locks For More Details Matik Meman PRarambh Public Relations 8866887865 [email protected] (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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