_Markets open today_
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📊 *ECONOMY & POLICY*
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📈 *India GDP Clocks 7.8% in Q4 FY26 — Fastest Major Economy*
FM Sitharaman confirmed India grew 7.7% in FY26, with the Jan-Mar quarter coming in at 7.8%, beating estimates and matching the prior quarter.
Sustained outperformance keeps the case for further RBI rate cuts alive and strengthens India’s re-rating narrative for returning FII flows.
📎 _Read: Economic Times_
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🏦 *RBI Expands FAR to Long-Tenor Bonds — $50 Bn Inflows Seen*
RBI has extended the Fully Accessible Route to all new 15-, 30- and 40-year G-Secs, with FPIs currently utilising just 6.8% of available FAR capacity — implying vast headroom for fresh capital.
Analysts expect at least $50 billion in foreign bond inflows, lower long-end yields, reduced government borrowing costs, and structural rupee support — while also advancing India’s case for Bloomberg Global Aggregate Index inclusion.
📎 _Read: Business Standard_
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🏦 *RBI Revives FCNR(B) to Defend Rupee Near ₹95/USD*
The RBI has revived its FCNR(B) deposit framework as a near-term tool to attract foreign currency inflows amid renewed external sector pressure and a rupee weakened by $90+ crude.
Experts welcome the tactical firepower but caution that durable resilience requires reducing structural import dependence — a longer-term challenge for India’s current account deficit.
📎 _Read: Pulse / Economic Times_
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📈 *Tractor Sales Cross 1 Lakh Units for Third Straight Month in May*
Domestic tractor sales reached 1,08,229 units in May, sustaining the three-consecutive-month run above the one-lakh mark, with exports also crossing 10,000 units on strong rural sentiment and improved farm economics.
A bullish read-through for Mahindra, Escorts Kubota and the broader rural consumption basket — fertilisers, two-wheelers and agrochemicals.
📎 _Read: BusinessLine / TheReader.AI_
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📉 *SEBI’s 50:50 F&O Margin Rule Now Fully in Force*
SEBI’s stricter margin norms are live: at least 50% of F&O margin requirements must now be in cash or cash-equivalents, with pledged shares no longer sufficient to cover all obligations.
Retail and HNI derivative traders must review capital allocation strategies; near-term speculative F&O volumes may compress, though the rule improves systemic risk management.
📎 _Read: BusinessToday_
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🏢 *COMPANIES*
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📉 *Tata Electronics’ iPhone Plant Faces Tamil Nadu Shutdown Warning*
The Tamil Nadu Pollution Control Board has warned it could shut Tata’s Hosur iPhone component plant over wastewater contaminating adjacent farmland wells — the result of five inspections between December 2025 and May 2026. Tata disputes the findings, citing an independent lab study claiming full regulatory compliance.
As the second-largest Apple supplier in South Asia, any disruption at Hosur is a material risk to Apple’s India PLI ambitions and iPhone volume targets for H2 CY2026.
📎 _Read: Business Standard_
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💻 *Zoho’s Vembu Calls for India AI Sovereignty After US Restricts Anthropic Models*
Zoho CEO Sridhar Vembu declared “globalisation is dead” following US export restrictions on top Anthropic AI models, calling on India to urgently build indigenous AI and technology capabilities.
The statement reinforces a growing policy and investment thesis around sovereign AI in India — relevant to IT ministry initiatives, IIT research funding, and domestic AI startups competing against US incumbents.
📎 _Read: NDTV Profit_
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🌍 *GLOBAL & WORLD*
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🔥 *3 Indian Sailors Killed Off Oman — Jaishankar Protests to Rubio*
Three Indian seafarers were killed after vessels with Indian crew came under attack off the Oman coast amid the Hormuz blockade; EAM Jaishankar directly raised the deaths with US Secretary of State Rubio, who declared blockade violations “won’t be tolerated.”
The incident sharpens India’s diplomatic push for an open Hormuz and raises near-term concerns around marine insurance costs, shipping delays, and Indian sailor welfare on West Asia trade routes.
📎 _Read: NDTV Profit_
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_Compiled by Daily Business Briefs · 15 Jun 2026_