📰 India Business Brief: Top Headlines for June 09, 2026

Business Standard

• India Inc Exits MSCI EM Top 10: For the first time since 2000, no Indian company features among the top 10 constituents of the MSCI Emerging Markets Index. The rally in global AI-linked stocks pushed HDFC Bank and Reliance Industries to the 11th and 12th positions, respectively.
• Tragedy at Visakhapatnam: At least eight people were killed and six others injured following a major blast at the Rashtriya Ispat Nigam Limited (RINL) steel plant in Visakhapatnam.
• NLC India Stake Sale: The Union Government has launched an Offer for Sale (OFS) to divest up to a 3% stake in state-owned NLC India to comply with public shareholding norms.
• Rupee Under Pressure: The Indian rupee surrendered recent gains as international crude oil prices spiked following renewed hostilities between Iran and Israel, offsetting the impact of recent RBI measures to attract inflows.
• Carlsberg India IPO: Global brewer Carlsberg is reportedly eyeing a $700 million Initial Public Offering (IPO) for its Indian operations to capitalize on the growing premium beer segment.

Economic Times

• OpenAI Files for $852 Billion IPO: In a landmark move for the tech industry, OpenAI has officially filed for an IPO at a staggering valuation of $852 billion, though the company noted that the actual listing "may be a while" away.
• Zepto’s Billion-Dollar Ambition: Quick-commerce major Zepto has filed an updated Draft Red Herring Prospectus (DRHP) for a $1 billion IPO, signaling a major milestone for India's startup ecosystem.
• H-1B Visa Fee Struck Down: A US federal judge has ruled Donald Trump’s proposed $100,000 H-1B visa fee as unlawful, providing significant relief to Indian IT firms and professionals.
• Apple WWDC 2026 Highlights: Apple unveiled "macOS Golden Gate" and a massive AI overhaul for Siri, which is being called the assistant's biggest upgrade since its 2011 debut.
• Automotive Sales Surge: Maruti Suzuki hit an all-time monthly sales high in May, driven by a 40% jump in CNG bookings and a doubling of demand for electric vehicles (EVs).

Mint

• RBI’s Dollar-Rupee Swap: The Reserve Bank of India has unveiled a new dollar-rupee swap window designed to draw in foreign inflows and stabilize the currency amid global volatility.
• West Asia Risks: Fuel retailers are narrowing losses through price hikes as geopolitical risks in West Asia continue to roil global oil markets.
• SBF Seeks Pardon: FTX founder Sam Bankman-Fried has reportedly approached the Trump administration seeking a presidential pardon.
• Diplomatic De-escalation: Israeli Prime Minister Benjamin Netanyahu credited Donald Trump for helping de-escalate tensions between Israel and Iran, though market uncertainty remains high.
• Bengaluru Weather Alert: A heavy rainfall forecast through June 9 has prompted traffic advisories in Bengaluru, as the city braces for the arrival of the southwest monsoon.

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