Commerce minister Piyush Goyal has reaffirmed India's ambition to become a $5 trillion economy by 2027, emphasizing strong macroeconomic fundamentals and policy reforms. He highlighted India's progress under Prime Minister Modi's leadership, projecting India as the world's third-largest economy by 2027.

Sebi slaps Rs 25 lakh penalty on BSE for flouting regulatory norms
https://timesofindia.indiatimes.com/business/india-business/sebi-slaps-rs-25-lakh-penalty-on-bse-for-flouting-regulatory-norms/articleshow/122072756.cms

Sebi has imposed a Rs 25 lakh penalty on BSE for failing to provide equal access to corporate disclosures, favoring paid clients and its internal team. The exchange also showed shortcomings in monitoring client code modifications, raising concerns about potential misuse and lack of due diligence. BSE's lapses impaired impartiality and fairness in information dissemination.

'Resilient economic activity': RBI sees strong domestic momentum, global tensions cloud outlook
https://timesofindia.indiatimes.com/business/india-business/resilient-economic-activity-rbi-sees-strong-domestic-momentum-global-tensions-cloud-outlook/articleshow/122073390.cms

The Reserve Bank of India reported that India's economy showed resilience in May 2025. This is despite global trade issues and geopolitical tensions. Key sectors like industry and services performed well. Foreign direct investment increased significantly in April. However, the RBI cautioned that global trade frictions and geopolitical risks could affect future growth.

Rupee softens after record gain, closes at 86.08 to dollar, traders eye trade cues and RBI data
https://timesofindia.indiatimes.com/business/india-business/rupee-softens-after-record-gain-closes-at-86-08-to-dollar-traders-eye-trade-cues-and-rbi-data/articleshow/122073740.cms

The rupee edged down 3 paise to 86.08 against the dollar, reversing some of the previous day's gains due to a stronger dollar and foreign fund outflows. Despite this dip, domestic equities surged, with the Sensex jumping 700 points. Investors are now awaiting key economic data, including current account figures and industrial production numbers, for further market direction.

Income Tax Return: What is Form 16? Top things taxpayers should check in this document before filing ITR
https://timesofindia.indiatimes.com/business/financial-literacy/taxation/income-tax-return-what-is-form-16-top-things-taxpayers-should-check-in-this-document-before-filing-itr/articleshow/122074184.cms

ITR filing: Form 16, a crucial document for salaried taxpayers, is issued by employers, detailing TDS on salary. It contains vital information like employer/employee details, income earned, and deductions.

Highest FD rates: Despite 1% RBI rate cut, get up to 9% interest rate on fixed deposits - check list
https://timesofindia.indiatimes.com/business/financial-literacy/savings/highest-fd-rates-despite-1-rbi-rate-cut-get-up-to-9-interest-rate-on-fixed-deposits-check-list/articleshow/122074549.cms

Despite repo rate cuts, some small finance banks offer attractive FD rates above 8%. Slice Small Finance Bank leads with 9% for specific tenures. While these banks target underserved regions and offer higher returns, analysts advise caution due to their elevated risk profiles compared to commercial banks, even with deposit insurance.

India laps up discounted crude: RIL, Nayara Energy get big chunk of Russia’s flagship oil exports; Reliance world’s single biggest buyer of Urals
https://timesofindia.indiatimes.com/business/india-business/india-laps-up-discounted-crude-ril-nayara-energy-get-big-chunk-of-russias-flagship-oil-exports-reliance-worlds-single-biggest-buyer-of-urals/articleshow/122074724.cms

India has become the primary destination for Russian Urals crude oil in 2025, with private refiners Reliance and Nayara significantly increasing their purchases. Reliance has secured a long-term contract, making Urals a substantial portion of their total crude acquisitions.