** 📰 India Business Brief: Top Headlines for June 16, 2026

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Business Standard

• RBI’s Forex Push: The Reserve Bank of India has reopened a concessional swap window for FCNR(B) deposits and external commercial borrowings, a move analysts believe could bring $40-50 billion in relief to the rupee and the banking system.
• Banking Sector Outlook: Motilal Oswal maintains a constructive view on Indian banks, citing healthy credit growth and stable asset quality as liquidity conditions are expected to improve.
• Stocks to Watch: Market attention is focused on Oil India, Mahindra & Mahindra Financial Services, and Kalpataru Projects following recent corporate developments.
• Technical Recommendations: Analysts suggest "Buy" ratings for Aurionpro Solutions, Westlife Foodworld, and Aarti Industries based on constructive technical setups.

Economic Times

• Windfall Tax Hike: Effective June 16, the government has increased the windfall tax on diesel exports to ₹14 per litre and on aviation turbine fuel (ATF) to ₹12.5 per litre.
• CAD Forecast Cut: Goldman Sachs has lowered India’s current account deficit (CAD) forecast for 2026 to 1.3% of GDP, citing improved energy efficiency and lower oil intensity.
• Regulatory Overhaul: SEBI is reportedly planning a major revamp of share buyback rules and may ease intraday borrowing norms for mutual funds to improve cash management.
• REITs and InvITs Growth: A new report projects that Assets Under Management (AUM) for real estate and infrastructure investment trusts will double to ₹20 lakh crore by 2030.
• Corporate Disputes: The Supreme Court has suggested mediation to resolve the ongoing promoter family dispute within Bharat Forge.

Mint

• Geopolitical Market Rally: The Sensex and Nifty have surged nearly 1% as investors cheer the US-Iran peace memorandum, which is expected to reopen the Strait of Hormuz and stabilize global supply chains.
• AI Funding Milestone: Sarvam AI has successfully raised $234 million to further develop India’s sovereign AI stack and language models.
• IPO Pipeline: Fintech giant Razorpay has reportedly filed for its initial public offering (IPO) confidentially, marking a major milestone for the Indian startup ecosystem.
• Corporate Clarification: Nestle India has submitted quality records to FSSAI, clarifying that recent infestation claims regarding Maggi were based on unverified social media reports and were not supported by lab tests.
• Global AI Debt Boom: Nvidia has launched a $20 billion bond sale to capitalize on the ongoing artificial intelligence investment surge.

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