🏦 Economy / Policy
• Former RBI Governor Subbarao advised the RBI to allow rupee depreciation and use liquidity tools rather than rate hikes as the primary response to inflation, ahead of the June 3–5 MPC meeting 💱📊
• India’s energy investment is expected to reach a record $170 billion in 2026, driven by solar, refining, grid infrastructure and battery storage expansion ⚡📈
• The Supreme Court upheld 28% GST on online gaming, validating retrospective tax demands and effectively closing a major legal dispute worth around ₹2.5 lakh crore 🎮⚖️
• India–Oman CEPA comes into effect on June 1, expanding duty-free export access and strengthening India’s GCC trade footprint 🌍🤝
• India and Canada are progressing CEPA negotiations while keeping sensitive sectors outside the current framework to accelerate a trade agreement 📈
🏢 Companies / Sectors
• Reliance Industries warned that FY27 remains highly vulnerable to geopolitical and macroeconomic volatility, while preparations for the proposed Jio IPO have slowed amid market uncertainty 📊
• India Inc is expected to sustain a ₹10 lakh crore+ capex cycle in FY27, led by Adani Group, Tata Group and JSW across power, infrastructure, airports, data centres and manufacturing 💹
• Wipro expanded its partnership with ServiceNow to deploy agentic AI solutions across procurement, telecom networks and cybersecurity, while also announcing a ₹15,000 crore buyback record date 💻🤖
🌍 Global / World
• The World Meteorological Organization projects a 91% probability that global temperatures will temporarily exceed 1.5°C above pre-industrial levels at least once between 2026–2030, with implications for agriculture, insurance and power demand worldwide 🌡️🌍