Manufacturing PMI rises to 3-month high in May as demand stays firm
Business Standard·- India’s private sector manufacturing activity accelerated in May, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) rising to 55 from 54.7 in April, indicating continued expansion for the 55th consecutive month. - The survey highlighted stronger demand driven by infrastructure projects and domestic markets, although new export orders increased at a slower rate. - Input cost inflation remained high, impacting manufacturers’ margins, while job creation continued despite a slowdown from April.Strong preference for cash despite rise in digital payments: RBI survey
Business Standard·- A Reserve Bank of India (RBI) survey revealed a persistent preference for cash among households and small retailers despite the rise in digital payments. - Banknotes in circulation grew by 11.9% to ₹41.23 trillion in FY26, with ₹500 notes making up 85.5% of the total. - The RBI plans to enhance banknote security features and maintain self-sufficiency in banknote production while noting a rise in counterfeit ₹20 and ₹500 notes.SEBI proposes real-time strike price updates to curb volatility
MSN·- SEBI is requiring exchanges to update strike prices in real time to address rapid market fluctuations. - This initiative aims to prevent liquidity gaps when prices surpass available options strikes. - Market participants have until June 15 to provide feedback on the proposal before finalizing the rules.