Don't miss the top 12 finance stories of the day

6th big win for Reliance Industries in 6 weeks. 20 stunning facts about Earth you probably didn’t know on World Environment Day. India's forex reserves surge to all-time high of $ 493.48 billion, says RBI.

Here are the most crucial developments from the world of finance today you need to know.

Abu Dhabi Fund Mubadala to invest Rs 9,093 crore in Jio, 6th mega deal in 6 weeks for RIL unit

Reliance Industries Limited (RIL) on June 5 said Mubadala Investment Company, the Abu Dhabi-based sovereign investor, will invest Rs 9,093.60 crore in Jio Platforms for a 1.85 percent equity stake on a fully diluted basis. Read more

20 stunning facts about Earth you probably didn’t know

World Environment Day is celebrated on June 5 every year. The theme for World Environment Day 2020 is ‘Celebrate Biodiversity’. ‘With 1 million species facing extinction, there has never been a more important time to focus on biodiversity,’ says the UN. Here are some amazing facts about Earth and our environment. See photos

India's forex reserves surge to all-time high of $493.48 billion, says RBI

The country's foreign exchange reserves surged $ 3.43 billion to a fresh all-time high of $ 493.48 billion for the week ended May 29 on a handsome accretion of the core currency assets, the Reserve Bank of India (RBI) said on Friday. Read more

Coronavirus: AstraZeneca to begin making potential vaccine

Drug company AstraZeneca is to start producing a potential vaccine for coronavirus, its boss has told the BBC. Read more

10-week long lockdown, exodus of migrant workers deal death blow to Bengaluru’s vibrant food industry

The restaurants and roadside eateries, which were shut for over 75 days are set to open on Monday. During the lockdown, of over 10,000 eateries, only a few hundreds were open, offering parcel or takeaway service. The 10-week long closure of business has already dealt a death blow to many of them, and Bengaluru’s most ubiquitous ‘darshinis’ or fast food joints are the worst hit. Read more

Your view: Will Vijay Mallya ever be extradited?

A recent report said that fugitive businessman Vijay Mallya would be extradited as early as this week since it has already been more than 20 days since a UK court rejected Mallya’s plea against extradition. Do you think this is just another wild goose chase? Will Vijay Mallya ever be extradited? Share your views

Govt goes into austerity mode with freeze on new schemes as Coronavirus cases throw a curveball

In a move to tighten spending triggered by the coronavirus pandemic’s impact on the economy, the finance ministry on Friday suspended all new schemes till the end of March next year. Read more

Instagram wants you to take permission before using someone’s photo

When Instagram was launched back in 2010, one of the biggest problems was that anyone could potentially ‘steal’ someone’s photo from the platform. The company is FINALLY taking this matter seriously, at least to some extent. Read more

Facebook slaps labels on state-controlled media organisations in China, Iran and Russia

Facebook Inc will start labelling Russian, Chinese and other state-controlled media organizations, and later this summer will block any ads from such outlets that target U.S. users, it said on Thursday.  Read more

Expecting a spike in bitcoin? Investors say it may take time

Investors expecting a sudden surge in bitcoin's price, after it underwent a technical adjustment three weeks ago that reduced the rate at which new coins are generated, may have to wait a few months, or perhaps a few years. Read more

GDP to contract 1.5 per cent: Professional forecasters survey

A Survey of Professional Forecasters (SPF) conducted by the RBI shows that GDP could contract by as much as 1.5 per cent. The survey conducted by the Reserve Bank of India saw twenty-four panellists participating. Read more

24 nations with highest external debt; How much does India owe?

Here is a list of countries by external debt as of 2019-20. Where does India stand in this list? Guess which country has maximum external debt? See photos