Business

Maharashtra approves loan waiver, to benefit 56 lakh farmers – What are the conditions for loan waiver?

The Maharashtra government has provided relief to farmers by approving the waiver of agricultural loans up to Rs 2 lakh. The cabinet meeting, chaired by Chief Minister Devendra Fadnavis, approved the ‘Punyashlok Ahilyadevi Holkar Shetkari Karjmukti Yojana.’ The state government will spend approximately Rs 36,585 crore on this scheme, and approximately 5.6 million farmers are expected to benefit. The government says that more than 6.5 million loan accounts will be covered under this scheme. In addition, special incentives will be provided to farmers who repay their loans on time. 

India’s real GDP growth for financial year 2025-26 stood at 7.7%: Official data

India’s economy grew at a higher pace of 7.7 per cent during 2025-26 as compared to 7.1 per cent in 2024-25, according to government data released on Friday. In January-March period of the 2025-26 fiscal year, the gross domestic product (GDP) has been estimated to grow 7.8 per cent, the Ministry of Statistics & Programme Implementation (MoSPI) said.

Market Closing Bell: Sensex drops 116 points, Nifty ends at 23,366 post RBI MPC’s announcement – Here’s why

Benchmark indices Sensex and Nifty end the session on a mildly negative note on Friday, June 5, 2026, after the Reserve Bank of India (RBI) delivered a widely expected status quo on interest rates. The 30-share BSE Sensex dropped 116.67 points or 0.16 per cent, to settle at 74,243.34. The 50-share NSE Nifty slipped 49.85 points, or 0.21 per cent, to end at 23,366.70. During the day, the BSE hit a high of 74,717.57 and a low of 73,988.75, gyrating 728.82 points. The RBI has kept its benchmark repo rate unchanged at 5.25 per cent and announced a raft of measures to attract foreign capital.

CMR Green Technologies IPO GMP jumps to Rs 70 on Day 3: Check listing date and other details

The initial public offering of CMR Green Technologies Ltd, a non-ferrous metal recycler, has witnessed a strong response from investors on the last day of the bidding today, i.e. on June 5, 2206. The offer was subscribed to 85.22 times till 3 pm on June 5. According to the National Stock Exchange (NSE), the Rs 631-crore IPO received bids for 1,96,37,37,360 shares against 2,30,43,930 shares on offer. The quota for non-institutional investors (NIIs) was booked 155.90 times. The retail portion of the IPO fetched a subscription of 22.90 times, and the Qualified Institutional Buyers (QIBs) segment was booked 142.78 times.

Govt issues Ordinance exempting foreign investments in G-secs from capital gains tax: What does it mean?

At a time when India is facing multiple challenges – rising crude oil prices, risk of inflation and the prospect of a weaker monsoon – the government has announced a series of reforms aimed at making India a leading destination for foreign investors. The Centre on Friday 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).  The exemption would be applicable with effect from April 1. This means the exemption would apply to any interest or capital gains arising to FPIs on or after April 1 in respect of investments in G-Secs, the finance ministry said in a statement.