The dollar index jumped to 101.51, its strongest level since May 2025, after a tech‑stock rout and rising Fed rate‑hike odds tipped investors toward the greenback. The move also pushed the yen toward its weakest since 1986, underscoring broader risk‑off pressure.
Adani Group announced plans to build up to 10 GW of nuclear capacity by 2035, which would make it the largest private‑sector nuclear operator in India. The move dovetails with the country's clean‑energy push and positions Adani to capture a growing share of round‑the‑clock power demand.
A ₹70,000‑crore policy package is already paying off: state‑run Cochin Shipyard secured a six‑vessel contract with CMA CGM, while private yards won chemical tankers from Norway’s Rederiet and Kamsarmax bulkers from NEO. The orders prove India’s shipyards are becoming globally competitive and signal a surge in domestic capacity and green‑fuel projects.
The RBI’s latest circular omits the contentious definition of ‘indirect public funds’ for non‑bank financiers, a clause that could have compelled Tata Sons to list its shares. Without that trigger, the $22 billion holding company can stay private despite crossing the ₹1 trillion asset threshold. The move hints at a regulatory leeway for core investment companies.
India’s Telecom Act, 2023, is now in force, replacing the colonial‑era licence system with service‑specific authorisations issued by the DoT. Operators must migrate to the new framework, which the government says will simplify regulation and give it more flexibility to tighten data‑localisation and security rules.
A 17‑member government panel will discuss three flagship SEZ 2.0 reforms: allowing SEZ units to sell domestically on a duty‑foregone basis, permitting rupee‑denominated service payments, and decoupling job‑work from export requirements. If adopted, the changes could lower tax burdens, simplify transactions and unlock idle capacity, reviving SEZ competitiveness after tax incentives lapsed.
From Jan 1 2027 RBI banks must credit victims of unauthorized digital payments up to Rs 25,000 within five days, with 65% of the payout funded by the central bank. The new framework adds ‘shadow reversal’ for credit‑card fraud, extends coverage to sole proprietors and cross‑border scams, and lowers SMS alert thresholds to Rs 500.
The RBI’s draft model risk framework forces banks to embed instant "kill switches" for every AI system, letting them shut down erroneous models on the spot. It also imposes board‑level oversight, tiered risk classification and mandatory customer disclosure, tightening AI governance across the financial sector.
Geomysore Services has invested ₹405 crore to launch India’s first private gold mine and processing unit in Jonnagiri, Andhra Pradesh. The facility aims to produce 400 kg of gold in its first year, scaling to a tonne, which could cut the country’s hefty gold import bill and boost regional employment.
You’re caught up.
That was all 9 stories in the 25 June issue.