GST rate reset led to consumption boost

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45% of homes will need electrical upgrades to charge EVs: Study

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Invisible surplus widens in Q4FY26 to $90,513mn as remittances jump 30%

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Centre tweaks windfall tax, raises petrol export duty

At the same time, the export duty on diesel has been cut to Rs 8.5 per litre from Rs 14 per litre, while the levy on ATF exports has been reduced to Rs 7.5 per litre from the current Rs 12.5 per litre. The ministry said the revised duties will remain effective for the fortnight beginning July 1.

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Manufacturing powers industrial output growth of 5.1%

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In clean-up drive, ex-CEC Rajiv Kumar named HDFC chairman

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Payment delay puts working capital stress on MSMEs

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Monsoon uncertainty weighs on gains from lower oil prices

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SEZ reforms: Commerce ministry calls stakeholders' meet on June 30 to discuss policy overhaul

The Commerce Ministry is convening a stakeholder meeting on June 30 to discuss crucial reforms for Special Economic Zones (SEZs). The focus will be on harmonizing export promotion schemes and simplifying business operations within these enclaves. Discussions will cover issues like domestic payments, job work, and import substitution, aiming to modernize the SEZ policy in line with evolving global trade dynamics.

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90% of India's planned renewable projects face climate risk. Here's how to build them safer

A Zurich Group report reveals that most of India's planned renewable energy projects face significant climate risks by 2030. Ninety percent of these sites are at high or critical risk from hazards like floods and wildfires. However, with many projects still in development, incorporating resilience measures now, costing around 2% of CAPEX, could slash severe loss exposure by 75%, ensuring sustainable energy infrastructure.

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From inflation to mortgage rates: What moved US economy's report card this week

US economic growth surprised on the upside, while job losses remained low. However, persistent inflation, fueled by rising fuel and electronics costs, is squeezing consumers. Despite a slowdown in spending, businesses are investing heavily in AI, leading to price hikes on tech products like Apple's Macs and iPads. Mortgage rates also saw a slight increase, adding to financial pressures.

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Hormuz got busy after months, now it's facing another roadblock

Ship traffic through the Strait of Hormuz surged briefly following US sanctions relief and a humanitarian evacuation effort. However, a fresh attack in the Gulf of Oman halted the operation, causing traffic to plummet. Iran's warning about safe passage routes further heightened concerns, leaving major global carriers hesitant to return to the volatile waterway.

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US judge: No quick dismissal of Adani case

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HDFC review finds no evidence backing ex-chairman’s charges

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Humble Re 1 retains coining glory despite rise of digital payments

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Bigger play for corporates in debt & money markets

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'Excited about growth of quick commerce here'

Increasingly Investing Substantial Amounts In AWS, Cloud & AI Biz: Amazon CEO Jassy

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SK Hynix overtakes Samsung: How a 14-year AI chip bet made it South Korea's most valuable listed company

A bold gamble on high-bandwidth memory (HBM) chips has propelled SK Hynix to the forefront of the AI revolution, briefly making it South Korea's most valuable company. This strategic pivot, once met with skepticism, proved crucial as demand for AI servers surged, allowing SK Hynix to outpace rivals like Samsung Electronics and reshape the global semiconductor landscape.

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Crude slips toward $70 as tankers return to Hormuz after US-Iran reach peace deal

Crude oil prices have plummeted towards pre-war levels as tanker traffic through the Strait of Hormuz resumes, alleviating supply worries. Following a surge past $126, oil is now hovering around $70. Improved shipping and potential Iranian exports have eased fears of disruptions, leading to a significant price drop. Traders are now anticipating a surplus as physical crude trades at discounts.

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Crude below $75/barrel but will take time to return to pre-war levels

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'Wrong turn': Air India plane comes in front of IndiGo flight on same taxiway at Ahmedabad airport

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Airlines turn to AI to save fuel; IndiGo to start trials for thriftier take-offs from today

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Sensex slides 900 points as global tech sell-off weighs

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Square Yards turns unicorn with 900 crore fundraise

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Employers told to analyse mismatches in salary filings

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After initial rush, semaglutide therapy market saddled with 100cr excess stock

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India-EU FTA to open nearly entire European market for Indian exports by 2027: Goyal

India and the European Union are poised to sign their landmark free trade agreement by December, with implementation expected by early 2027. This pact promises Indian exporters near-zero duty access to the vast European market, opening up significant opportunities. Discussions are also progressing on trade deals with the US and Canada, highlighting India's growing global economic influence.

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Top-10 firms gain Rs 2.15 lakh crore in a week; Airtel emerges biggest winner

Indian equity markets witnessed a significant surge last week, adding Rs 2.15 lakh crore to the valuation of nine out of the top 10 most valuable companies. Bharti Airtel emerged as the top gainer, followed by LIC and Bajaj Finance. This rally was fueled by improved global risk appetite and easing geopolitical concerns, boosting investor sentiment across the board.

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Exports up 15% so far in June quarter despite global headwinds, says Piyush Goyal

India's merchandise exports have demonstrated remarkable resilience, surging approximately 15% from April 1 to June 14, despite global economic headwinds and increased US tariffs. Minister Piyush Goyal highlighted this robust growth, even as international trade faces significant challenges. This positive trend follows a strong May performance, underscoring India's continued strength in outbound shipments. Goyal also urged chartered accountants to contribute to India's developed nation goal, emphasizing local cleanliness efforts.

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Petrol, diesel rates may ease as cheaper crude arrives, says oil minister Puri

Petrol and diesel prices may soon see a dip as India receives cheaper crude oil, Union Minister Hardeep Singh Puri indicated. He defended domestic fuel pricing, stating increases have been minimal globally despite market volatility. The government has absorbed significant costs through excise duty cuts, shielding consumers from the full impact of rising international rates. Puri also highlighted Sonbhadra's development progress.

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Sebi allows easier transfer of shares of dead investors

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Jio IPO risk factors: From spectrum renewals to AI rules, key challenges flagged in draft papers

Jio Platforms, gearing up for a massive IPO, has revealed significant risks including spectrum renewal challenges, cybersecurity threats, and evolving AI and data privacy regulations. The company also faces uncertainties in its satellite connectivity ventures and potential competition from within the Reliance Group. These disclosures highlight potential hurdles to its future growth and profitability as it prepares for its market debut.

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Oil prices edge higher after Vance threatens Israel against violating ceasefire

Oil prices experienced volatility following US Vice President JD Vance's comments, raising concerns about the Iran-US ceasefire's stability. Brent and WTI crude saw declines as Vance warned Israel against further attacks on Hezbollah, casting doubt on the accord's durability. The market now watches the Strait of Hormuz, a key oil transit route, for signs of recovery under the new agreement.

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‘India to be among our top 5 markets’, says Hesham Abdulla Al Qassim

Emirates NBD's significant acquisition of a 60% stake in RBL Bank for Rs 26,015 crore signifies a strategic shift in India-UAE economic ties, moving beyond trade to capital and control. This move positions India as a core growth market for the Dubai-based lender, reflecting historical financial linkages and a desire to deepen the relationship with substantial capital.

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Social security relief extended for Indian execs in UK

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Coal gasification can cut import dependence, strengthen energy security: G Kishan Reddy

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India-UK FTA clears steel hurdle; 85% of Indian exports shielded from British curbs

India has secured protection for 85% of its steel exports to the UK under the upcoming free trade agreement, with the remaining shipments covered by country-specific quotas and other access schemes. This agreement resolves a key sticking point ahead of the Comprehensive Economic and Trade Agreement's operationalization on July 15.

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New resource race: G7 joins forces to challenge China’s critical minerals dominance

G7 leaders are uniting to lessen reliance on China for vital minerals, essential for defense and green tech. Plans include coordinated stockpiling, enhanced recycling, and a new platform with the IEA. The goal is to significantly cut dependence on single suppliers by 2030, fostering more secure global supply chains.

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Dalal Street cheers peace deal, oil slide; sensex up for 4th day

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India in talks with Russia-linked Siberian deposit to source rare earth Samples: Report

India is seeking rare earth samples from Russia. This move aims to diversify critical mineral supplies away from China. State miner IREL is in talks with Rosneft for samples from Siberia's Tomtor deposit. India will study the mineral composition before further engagement. This effort supports India's growing demand for rare earths in electric vehicles and clean energy.

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4 of Vedanta’s demerged businesses list on bourses

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India's silver imports plunge to over three-year low in May, curbs and higher duties hit inflows

India's silver imports plummeted by 87% in May to their lowest in over three years, following government restrictions and increased duties. This sharp decline, with imports falling to $75.57 million and volumes dropping 94%, aims to curb precious metal purchases and ease pressure on the rupee.

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Digital platform for managing wind energy supply chain launched

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KKR: Leveraged deals from 2021, treasuries to feel pressure

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India seeks French investment in manufacturing; Piyush Goyal pitches scale and talent

Commerce and Industry Minister Piyush Goyal urged French companies to invest in India's manufacturing sector, highlighting the nation as a reliable partner offering scale, talent, and innovation. Speaking at the 'Bharat Innovates' event, Goyal emphasized India's potential as both a large domestic market and a global export hub, driven by a vibrant startup ecosystem.

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China beats Elon Musk's 'Jesus-level technology' to launch world's first commercial brain chip

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India steps up Russian oil buying; crude imports from Moscow rise in May: Report

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Hardeep Singh Puri says India has over 60 days of crude, gas stocks; rules out any energy supply crunch

India assures ample energy supplies, with over 60 days of crude oil and natural gas reserves. Domestic LPG production has significantly reduced import reliance, ensuring 75-80 days of stock. Despite global price hikes due to the Iran conflict, India has kept domestic fuel prices stable, even seeing a slight decrease due to excise duty cuts.

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Reinsurance buffers crash claim, Tata AIG logs Rs 1,008 crore profit

The General Insurance Corporation had estimated claims of over $400 million last year from the Air India Ahmedabad crash. Since then, reinsurers have settled some claims. Tata AIG, which was the lead insurer, had a 45% share of the risk. “We fully provided for it in that same quarter itself. Net of reinsurance, our exposure was less than Rs 50 crore,” said Amit Ganorkar, MD & CEO, Tata AIG General.

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Tu cheez badi hain....Musk Musk: A small step for SpaceX, a giant leap to a trillion for Elon

Elon Musk has achieved a historic milestone by becoming the world’s first trillionaire, driven by the soaring valuation from SpaceX’s IPO. His vision for reusable rockets and interplanetary colonies has captured the imagination of investors, turning space exploration into an enticing financial frontier. This remarkable shift in wealth underscores a new chapter in capitalism, expanding its reach beyond conventional sectors.

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