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• IndusInd Bank recommends Borkar & Muzumdar as joint statutory auditor to shareholders after RBI nod

  IndusInd Bank, having secured RBI approval, proposes Borkar & Muzumdar as joint statutory auditors, pending shareholder approval at the 31st AGM. The appointment spans from 2025 to 2028, subject to annual RBI approval. RBI Governor Sanjay Malhotra acknowledged the bank's recovery and deemed the CEO's resignation sufficient accountability for past issues, while emphasizing potential legal action for any criminal conduct.

  

• Bank independent directors under lens after IndusInd Bank governance crisis

  The broader implication is a likely tightening of supervisory frameworks across India’s banking sector, with expectations for IDs to demonstrate sharper vigilance, stronger risk awareness, and deeper engagement in boardroom discussions.

  

• India inflation to average 4% this fiscal, one more RBI rate cut likely: Crisil

  Given the current inflation trajectory, headline inflation is projected to average 4 per cent this fiscal (FY26), from 4.6 per cent last fiscal, a Crisil report said on Friday.

  

• RBI's breather on gold loans to spur growth in NBFCs: Report

  The increase in the loan-to-value (LTV) ceiling provided in the RBI's final directions on gold loans will support the growth of non-banking financial companies (NBFCs) offering them, according to a Crisil report released on Friday.

  

• Rayzon Solar to file draft papers for Rs 1,500-cr IPO

  Rayzon Solar Ltd, a Surat-based solar panel manufacturer, is preparing to file draft papers with SEBI by the end of this month for an IPO of approximately ₹1,500 crore.

  

• NCLT directs insolvency against Gensol, Gensol EV Lease; appoints IRP

  The National Company Law Tribunal has initiated insolvency proceedings against Gensol Engineering and Gensol EV Lease following petitions by the Indian Renewable Energy Development Agency due to defaults of ₹510 crore and ₹218.95 crore, respectively. An interim resolution professional has been appointed, and a moratorium has been placed on both companies.

  

• India's forex reserves surge by $5.17 bn to reach $696.6 bn

  India's foreign exchange reserves surged by $5.17 billion to $696.66 billion for the week ended June 6, data released by the RBI on Friday showed.

  

• Unaccounted income invested in Virtual Digital Assets on CBDT radar

  The Central Board of Direct Taxes is actively investigating potential tax evasion and money laundering related to cryptocurrency investments by high-risk individuals. Authorities are scrutinizing Virtual Digital Asset transactions for non-compliance with the Income-tax Act, focusing on discrepancies in ITR filings and TDS returns.

  

• US consumer sentiment up but economic worries remain: survey

  US consumers bounced back somewhat in June from the shock of President Donald Trump's wide-ranging tariffs, survey data showed Friday, but they still remain pessimistic about the economy. "However, consumers still perceive wide-ranging downside risks to the economy," she added.

  

• FM Sitharaman to meet PSU bank chiefs on June 27 to review performance, boost lending

  Following a sharp interest rate cut by the Reserve Bank of India (RBI), Finance Minister Nirmala Sitharaman will meet the heads of public sector banks on June 27 to review their financial performance and discuss key government schemes.

  

• Karnataka seeks bigger share of central taxes, Rs 1.15 lakh crore for Bengaluru infrastructure

  Karnataka CM Siddaramaiah urged the 16th Finance Commission for a larger share of central taxes and a Rs 1.15 lakh crore investment for Bengaluru's infrastructure. He highlighted the state's significant contribution to the national GDP and GST collections, while pointing out the reduced tax devolution and called for reforms to ensure a fairer fiscal distribution system that rewards growth.

  

• Govt sets up high-level panel to examine causes for Air India plane crash

  A committee led by the Union Home Secretary will investigate the Air India plane crash in Ahmedabad. The incident killed 241 onboard and others on the ground. The panel aims to determine the cause and contributing factors. It will formulate Standard Operating Procedures to prevent future incidents. The committee will also assess emergency response and suggest policy changes.

  

• Reduce time lag between financial results and annual reports: Sebi to CFOs

  Securities and Exchange Board of India (Sebi) wants Chief Financial Officers (CFOs) to release annual reports faster. This will help investors. Sebi also encourages CFOs to work closely with audit teams. Ananth Narayan of Sebi spoke at the ETCFO NextGen 2025. He highlighted the importance of CFOs in maintaining trust. He also discussed capital growth and effective regulations.

  

• Job postings in India rebounds 8.9% in May after 8 consecutive monthly declines: Report

  Indian job postings saw an 8.9% rebound in May, ending eight months of decline, driven by the formalization of the economy. While slightly down 1.8% year-on-year, postings remain significantly above pre-pandemic levels, unlike many other major markets. Generative AI is increasingly mentioned in job descriptions, particularly in data analytics, with Karnataka and Telangana leading in AI-related job postings.

  

• India-UK FTA likely to unlock extra trade worth 25.5 billion pounds: UK diplomat

  The India-UK Free Trade Agreement, which eliminates tariffs on 99 per cent of Indian exports to the UK and 90 per cent of UK exports to India, will unlock 25.5 billion pounds in additional trade value, according to UK Trade Commissioner for South Asia Harjinder Kang.

  

• EU trade surplus with US grows in April despite tariffs

  Despite U.S. tariffs, the European Union's goods trade surplus with the United States increased in April, according to recent data. However, the EU's overall goods trade surplus decreased to 7.4 billion euros. Exports to China have declined for nine consecutive months, while deficits with China, Norway, and South Korea have widened.

  

• Temasek joins Microsoft, BlackRock and MGX to develop AI infrastructure

  The Singapore state investment company has joined AI Infrastructure Partnership, a group that also includes BlackRock's Global Infrastructure Partners, the slides showed.

  

• India and China agree to resume direct flights: Vikram Misri meets Sun Weidong; to rebuild ties with 'people-centric engagements'

  Vikram Misri and Sun Weidong met in New Delhi to improve India-China relations. They focused on people-centric engagements and resuming direct flights. Progress since their last meeting in Beijing was reviewed. Misri appreciated China's help in restarting the Kailash Manasarovar Yatra. Discussions included sharing hydrological data on trans-border rivers. Both sides aimed to ease visa procedures and promote exchanges.

  

• Adani Ports, 12 other stocks with Israeli links in spotlight as Israel-Iran tensions escalate

  Amid escalating Israel-Iran tensions, Adani Ports and 12 other Indian companies with Israeli ties have come under the spotlight. Adani Ports fell 3% due to its Haifa Port exposure, while firms like TCS, L&T, Sun Pharma, and ONGC also saw market action.

  

• Air India flight from Phuket to Delhi makes emergency landing after bomb threat

  An Air India flight AI 379, en route from Phuket to Delhi, executed an emergency landing in Phuket after a bomb threat was received shortly after departure. The aircraft safely returned to Phuket International Airport, where emergency protocols were immediately activated.