BL Morning Report, June 8, 2026: Get today’s top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Bombay High Court quashes one-time spectrum charges for Vodafone Idea and Bharti Airtel

In a major win for telcos, Bombay High Court on Monday quashed the government’s one time charge for spectrum, stating that the Centre has failed to justify any authoritative power in levying the charges and altering the financial terms of the telecom licenses as an afterthought.

A division bench of Justices Shreeram V. Shirsat and Manish Pitale also directed the government to set aside demand notices and return any related bank guarantees furnished by the telcos. It upheld Bharti Airtel’s and Vodafone Idea’s arguments that the Centre holds no power to retrospectively impose a one-time spectrum charge in 2012 for spectrum held above 6.2 MHz from the year 2008 onwards.

India’s EV inventory falls to single digits as waiting periods loom, ICE vehicle stocks rise

A sharp surge in demand for EVs has pushed dealer inventory levels down sharply to low single digits, with select higher-end variants of models such as the MG Windsor EV, Tata Nexon EV, Tata Punch EV, Mahindra BE 6, Mahindra XEV 9e, Bajaj Chetak and Ather’s 450X and Rizta scooters beginning to see waiting periods as fuel-price hikes accelerate consumer preference for electric mobility and other fuel-efficient vehicles, according to dealers and automakers who spoke to businessline.

Dealers and automakers said fuel-price hikes are accelerating consumer preference for EVs, CNG cars and smaller fuel-efficient vehicles, while simultaneously leading to rising inventories of higher-displacement petrol and diesel vehicles as buyers are increasingly moving away from ICE models.

FY27 Disinvestment proceeds cross full FY25 collections in 2 months; Miscellaneous Capital Receipts exceeds 23% of BE

The government’s Mop-up under ‘Miscellaneous Capital Receipts’ (MCR) crossed more than 23 per cent of the budget estimates in just little over two months of FY27 driven primarily by robust earnings from disinvestment. Significantly, earnings from disinvestment in just two months exceeded those during full fiscal of FY25 and nearly 72 per cent of full fiscal of FY26 .

Union Budget has pegged MCR at ₹80,000 crore. According to the budget document, these include receipts on account of management of equity investments and public assets through various mechanisms. Put simply, MCR primarily includes disinvestment (sale of minority share holdings and strategic disinvestment) and asset monetisation.

Data from DIPAM shows government offloaded parts of its stake in three CPSEs (Central Public Sector Enterprises) — Central Bank, Coal India and NHPC and mobilised ₹12,165 crore.

Govt cuts PM Ujjwala subsidy as domestic LPG cylinder cost surpasses ₹1,600

Government has reduced the number of cylinders for which a Pradhan Mantri Ujjwala Yojana (PMUY) household can avail subsidy from nine to four. The subsidy amount remains unchanged at ₹300 per 14.2 kg domestic LPG cylinder.

The decision comes amid the disruption in Strait of Hormuz, West Asian conflict almost completely choking-off LPG supplies coming out of West Asia via the Strait of Hormuz (SoH) which have pushed up benchmark Saudi CP prices, resulting which reflected in the domestic cylinder cost rising past ₹1,600 and losses of PSU oil marketing companies (OMCs) hitting ₹700 a cylinder.

Praveen Mal Khanooja, Additional Secretary in the Ministry of Petroleum and Natural Gas (MoPNG), said on Monday that PMUY households will receive ₹300 a cylinder on the first four refills each year -- ₹1,200 per beneficiary a year.

(Research and VO: Siddharth Mathew Cherian)

Published on June 9, 2026