Business Economy


Govt dismisses Bloomberg report on RBI's gold monetisation as 'Fake'

New Delhi, June 3 (UNI) The government rejected Bloomberg report stating that Reserve Bank of India (RBI) may have sold gold amounting to USD 12 billion.
Dismissing the report as Fake, PIB fact check posted on X, "According to @RBI, the share of gold in India's foreign exchange reserves rose from 13.92percent at end-September 2025 to 16.70percent on March 31, 2026, and further to 16.85percent as of May 22, 2026."
"The physical stock of gold is also disclosed by RBI in its Monthly Bulletin," the social media post added.
The Bloomberg report released last month said that the RBI may have sold nearly USD 12 billion worth of gold in late May to protect its foreign exchange and cushion the Rupee amid the US-Iran war.
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APEDA Facilitates First-Ever Export of Jharkhand Mangoes to UK, Boosting Women Farmers

07 Jun 2026 | 4:44 PM

New Delhi, June 7 (UNI) In a milestone for Jharkhand’s horticulture sector, the Agricultural and Processed Food Products Export Development Authority (APEDA) has facilitated the first commercial export of fresh mangoes from the state to the United Kingdom, opening new international market opportunities for local farmers and women-led producer groups.

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Indian households buy cooking gas much cheaper than neighbouring countries, advanced economies: Petroleum Ministry

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New Delhi, Jun 7 (UNI) Indian households continue to purchase cooking gas at prices significantly lower than those paid by households in neighbouring countries and far below those in advanced economies such as the United States, Australia, and Canada, the Ministry of Petroleum said on Sunday.

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Market valuation of 7 of top-10 most-valued firms erode by Rs 1 25 tn

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New Delhi, June 7 (UNI) The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 1.25 trillion in a week with the Reliance Industries took the biggest hit.

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India's electronics manufacturing at inflection point amid import dependence, rising demand and policy interventions

07 Jun 2026 | 3:33 PM

Sourav Shekhar
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Reliance Infrastructure urge SEBI, market exchanges to review ASM framework linked to insolvency

07 Jun 2026 | 3:15 PM

New Delhi, June 7 (UNI) Reliance Infrastructure has urged Securities and Exchange Board of India (SEBI) and the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) to review the Additional Surveillance Measure (ASM) framework linked to insolvency proceedings, citing their adverse impact on its more than 7 lakh public shareholders, and emphasizing the need to ensure that market mechanisms continue to facilitate fair price discovery and maintain investor confidence.

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