📰 India Business Brief: Top Headlines for June 24, 2026

Business Standard

• Banks have raised ₹1 trillion through Certificates of Deposit (CDs) in June as deposit growth continues to lag behind credit demand.
• The government is finalizing a broader AI risk framework for companies to ensure safety and compliance before launching new services.
• Global tech giants, including SK Hynix and Samsung, saw their stock prices tumble as investors begin to question the long-term profitability of aggressive AI bets.
• India has successfully tested edge-native drone swarms capable of autonomous decision-making and adaptive action in the field.
• Rising El Niño concerns have triggered earnings risks for India Inc., with a 42% rain deficit reported in over 315 districts across the country.

Economic Times

• India-US trade talks have gathered significant pace as the tariff deadline approaches, with US officials indicating that a deal is "very close."
• National Security Adviser Ajit Doval welcomed the reopening of the Strait of Hormuz, stating it will ease global supply chain bottlenecks and strengthen India's energy security.
• NITI Aayog has proposed a dedicated pharmaceutical chapter for all future Free Trade Agreements (FTAs) to help India transition from a generic producer to an innovation hub.
• India is set to resume train coach exports to Bangladesh, with the first shipment since the recent political transition expected to depart in July.
• Precious metals saw a sharp decline, with gold prices falling by ₹1,300 per 10g due to a strengthening US dollar and renewed fears of a Fed rate hike.

Mint

• Yes Bank’s board is scheduled to meet on June 29 to consider a fresh fundraise via equity and debt instruments to bolster its capital base.
• Honasa Consumer has announced the acquisition of a 58% stake in Fluence Pharma, marking a significant move into the specialized pharmaceutical space.
• The National High Speed Rail Corporation Limited (NHSRCL) has opened 224 vacancies for technical and managerial roles for India’s first bullet train project.
• Oracle has reduced its global workforce by 21,000 positions as part of an ongoing AI-focused streamlining effort.
• Market analysts have identified Reliance Industries and Mahindra Logistics as key stocks to watch, maintaining a positive outlook despite a weak bias in the broader Nifty index.

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Tags: Headlines Business News Economic Times Business Standard Mint Top News