Centre uses 40% of annual fertiliser subsidy in first 3.5 months

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/G2vcIEr

India's growth remains strong, but trade barriers threaten 2047 goal: WTO

India's strong economic growth continues, but structural reforms are needed for developed nation status. High trade costs and regulatory complexity present significant challenges to global integration. The World Trade Organization report notes progress in trade facilitation and financial inclusion. India is actively pursuing free trade agreements to boost its export strategy. Achieving a larger share of global exports requires balancing self-reliance with greater openness.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/DXpU4VW

No move to scrap LTCG tax on equities: Govt

The government has informed Parliament about no current plans to abolish long-term capital gains tax on equities. Tax policies are revised periodically as part of the annual budgetary process and legislative revisions. This statement addresses investor demands for changes in long-term capital gains tax rates. The minister clarified that tax rates for domestic and overseas investors in equities are the same.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/IH92GYQ

Not referring cases to internal ombudsman a concern: RBI

RBI deputy governor Swaminathan J expressed concern over banks bypassing internal ombudsman. He stated that many customer grievances resolved by the RBI ombudsman were never referred internally. This situation undermines the purpose of the internal ombudsman framework, he noted. Banks must refer all eligible complaints promptly and without exception to their internal ombudsmen. Effective internal ombudsman performance should naturally reduce external escalations and provide customer resolutions.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/JoKZcWS

IndiGo places over 1,000 engines’ order for A320s

IndiGo has placed a record order for over one thousand engines. This significant deal is for their 510 Airbus A320neo family aircraft. CFM International will supply the LEAP-1A engines and establish an MRO facility. Honeywell Aerospace will also provide avionics and power systems for these planes. IndiGo plans to double its fleet by the year 2030.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/RJFbk2S

Inflow boost: Foreign deposits, swaps draw $21bn in 40 days

Sources undisclosed, mop-up so far 2X speculated amount

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/S9M5Huw

Private bank chiefs temper NRI deposit mop-up expectations; Top lenders stay cautious, say several factors affect inflows

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/0nP9KNS

Top-5 valued firms add Rs 1.54 lakh crore in market cap; TCS emerges biggest gainer

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/y1L9SiD

Gold, silver under pressure this week as US-Iran conflict, oil rally cloud outlook

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/LIJgoOK

India-UK ties to remain strong under new PM Andy Burnham, say strategic experts

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/jYEd5sX

RIL Q1 profit plunges 25% to 23,000 crore, revenue up 25%

Reliance Industries saw a 25% profit decline, yet revenue grew significantly. Strong performances from oil-to-chemicals and Jio digital services boosted overall results. Jio's earnings climbed, supported by subscriber growth and increased average revenue per user. Retail and oil and gas divisions showed stable or slightly varied ebitda figures. The company maintains a healthy cash balance to cover its net debt obligations.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/xcorUR6

Govt to take equity stakes in semiconductor startups

Works on a model of larger, milestone-linked funding

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/IaRhVDy

UK backs India’s security concerns, says trade deal based on trust

The India-UK trade deal commenced, reflecting significant trust and cooperation between nations. This agreement is expected to boost both economies and enhance bilateral trade relations. Discussions also addressed national security and the extradition of financial fugitives. The pact aims to strengthen ties in defense, technology, and climate initiatives. Both countries anticipate increased GDP and financial trade following this landmark agreement.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/uFkYzPK

SpaceX shares fall below IPO price for first time since market debut, wiping out post-listing gains

SpaceX shares have fallen below their initial public offering price for the first time. This decline reflects a broader shift in market sentiment and investor enthusiasm. Analysts point to concerns over interest rates and AI stock momentum. Investors are now awaiting SpaceX's first quarterly earnings report as a listed company. Upcoming events include the expiry of the IPO lock-up period and Starship test flights.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ktHeOvc

US stocks today: Markets open in green despite Iran war tensions, oil price swings

US stock markets saw gains on Wednesday, driven by strong corporate earnings reports. Investors also reacted positively to recent inflation data, which showed a notable slowdown. This easing inflation reduced expectations for an imminent interest rate hike by the Federal Reserve. However, ongoing Middle East tensions kept global energy supply concerns elevated. Asian and European markets also posted gains, with technology shares leading the advance.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/bm2QFA9

FTA with UK comes into effect today, exports to get a boost

The India-UK free trade agreement begins implementation, boosting Indian exports to the UK. Indian service providers and professionals will gain greater access to the United Kingdom market. Many Indian products will enter the UK duty-free, enhancing export competitiveness significantly. Digital service delivery is fully opened, benefiting global capability centers in India. A double contribution convention will save Indian workers and employers substantial annual amounts.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/v1NPGoi

India moves to block imports linked to forced labour amid USTR probe

India is inserting a new clause into its foreign trade policy. This clause will allow blocking imports produced using forced labour. The government will use the International Labour Organisation's definition of forced labour. This move strengthens India's legal framework for trade negotiations. The notification becomes effective after thirty days from its issuance.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Ztb0aHN

US eases Russia sanctions bill, cuts tariff threat on India and China from 500% to 100%

US senators unveiled a revised Russia sanctions bill targeting major energy buyers. This legislation seeks to pressure Moscow and its key oil and gas importers. The updated bill reduces previously proposed tariffs on top purchasers like China and India. It also targets Russia's shadow fleet and financial institutions involved in its war. This measure aims to secure broader political support and honor Senator Lindsey Graham's legacy.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/JDMXwxT

India Post crosses Rs 4,000 crore quarterly revenue for first time; Q1 turnover jumps 22%

India Post achieved its highest-ever first-quarter revenue of Rs 4,008 crore. This revenue marks a significant 22.2 percent increase from the previous year. The parcel and mail segments showed substantial revenue growth during this period. Citizen-centric services also experienced an impressive 86 percent jump in revenue. Several postal circles demonstrated strong performance across various business verticals.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/N7b9SX0

'Framework deal ready for India-US trade pact'

India and the United States are making good progress on their bilateral trade deal. A framework agreement for the trade pact is now ready for signing. Both nations have reaffirmed their commitment to a balanced and commercially meaningful agreement. Discussions are ongoing to finalize the deal, which will benefit businesses and consumers. The timing of the signing depends on the US announcing its new tariff structure.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/U3JOsR6

After two years, pharma volumes pick up pace

Domestic pharmaceutical retail growth shows strong signs of demand-led expansion. Volume growth in June exceeded three percent, a significant positive shift. Industry growth outlook is now revised upwards to over eleven percent this year. Higher sales of lipid-lowering and cardiac therapies led the market's recent surge. Chronic therapies continue to outpace the market, driven by lifestyle diseases.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/VcBOeDm

Foreign investors return to India, equities lead revival

Foreign investors have returned to Indian markets, showing renewed interest in equities during July. This shift follows months of consistent selling, with significant inflows recorded in early July. Equities have become the primary destination for foreign capital, attracting substantial investments. Debt markets also continue to see inflows, extending momentum from previous months. Stronger economic fundamentals and a stable currency are contributing to this positive investment trend.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/focgU0A

Oil companies plan expanding 10-kg LPG cylinder sales

State-run oil companies are considering expanding lightweight 10-kg LPG cylinders for commercial use. These cylinders will likely be sold at commercial LPG rates if approved by authorities. This move could benefit migrant workers, tenants, and street vendors needing LPG. The advanced composite cylinders are nearly fifty percent lighter than steel ones. They offer easier handling and portability for consumers and businesses.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/WK7q2ey

India-UK FTA opens doors, but tariff cuts alone won't lift exports: GTRI

India's new trade pact with the UK opens market access for exporters. However, strengthening quality standards and logistics is crucial for success. Food and engineering sectors face specific regulatory and certification requirements. Labour-intensive industries like garments and textiles offer significant export potential. Processed foods and automotive components also present substantial untapped opportunities.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/8nM2Hfg

Gold, silver rate outlook: Middle East conflict, inflation data to drive prices this week

Precious metals are expected to remain under pressure in the coming week. Geopolitical uncertainty in the Middle East weighs against upcoming inflation data. Investors are awaiting economic indicators that could shape global interest rate expectations. Bullion prices ended the week sharply lower, mirroring global trends. Analysts believe bullion will remain range-bound until stronger triggers emerge.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/AsIzxTP

Banks add Rs 7 lakh crore deposits in last fortnight of Q1FY27

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/96sKT82

KKR-backed Lighthouse to buy Gurugram-based Pathways School

Lighthouse Learning Group is acquiring Pathways School Gurgaon for approximately Rs 1,500 crore. This transaction marks a significant deal within India's school education sector. The school operates as a company, which may have influenced its valuation. Lighthouse Learning has recently acquired other educational institutions in the region. New owners might adjust costs and fees to sustain school operations.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/fgVHuQh

TCS Q1 revenue rises 2.7%, company adds over 9,000 to workforce

TCS reported June-quarter revenue of $7.6 billion, showing a modest year-on-year increase. The company added over nine thousand employees, marking significant workforce expansion. Consolidated net profit saw a sequential decline after a one-time legal charge. Operating margins decreased due to annual wage hikes, with a goal to return to twenty-five percent. TCS expects AI to evolve jobs rather than eliminate them, creating new roles.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/9bT1w6S

Trump's threat makes Dalal Street nervous, Sensex falls 1,700 points

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/8X2TmFe

Clean energy share in power mix breached 50% mark on July 6

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/XaJkHIG

Govt urges USTR to review its move to levy new tariffs

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/YqSCd9t

US revokes Iran oil waiver amid attacks on British tankers in Strait of Hormuz

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/iogNcAr

Getty Images calls off Shutterstock merger after UK regulator's divestment demand

Getty Image has ended its planned $3.7 billion merger with Shutterstock. The UK competition regulator required Shutterstock to sell its editorial business. Getty's board decided this condition was not in the company's best interests. The companies had unveiled the deal in January 2025 to build a visual content powerhouse. Both firms now face increasing pressure from AI image generators.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/j6E3dbN

CNG, EV make up record 40% car sales in June

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/2lRMFVg

Railway minister Vaishnaw launches new train services: Check routes, extensions and details

Railway Minister Ashwini Vaishnaw launched new train services and route extensions. These improvements enhance rail connectivity across Maharashtra, Uttar Pradesh, and Uttarakhand. New services connect Nanded to Mumbai and Tanakpur to Nanded. Existing routes were extended, and special services were regularized for passengers. Railways also announced special trains for Onam and Rath Yatra festivals.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/FmetbyS

FMCG Q1 demand stable; companies flag El Nino risk

Household goods demand held steady in Q1 despite price hikes, as companies navigated inflation. However, concerns linger over El Nino's potential impact on monsoon rains and rural consumption. While price increases helped offset rising costs, the sector faces a potential challenge from weather volatility affecting agricultural output and demand. Firms are closely monitoring these developments.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/h5TNj6x

Pakistan's public money a privilege? World Bank report reveals stark fiscal faultlines

Pakistan's fiscal decentralisation efforts have failed to bridge regional spending gaps, with provincial capitals like Quetta and Lahore receiving significantly more per person than their own provinces. Despite budget surpluses in some areas, poorer regions face underinvestment. Concerns also arise over education and healthcare spending not yielding desired results, alongside widespread financial irregularities uncovered by auditors.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/XVUgkm2

Market recap: Top-10 firms add Rs 1 lakh crore in market capitalisation; Airtel, Bajaj Finance lead gains

Dalal Street concluded the past week on a high note, with top companies collectively adding over Rs 1 lakh crore to their market cap. Bharti Airtel and Bajaj Finance led the gains, buoyed by strong domestic economic data and positive global sentiment. While most of the top 10 firms saw their valuations climb, Larsen & Toubro and Reliance Industries experienced notable dips.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZPydt6H

India's passport ranking slips, remains outside top 100: Which nations are in top 10?

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/e1xItyA

Ex-CFO of RCap, Amit Bapna, held in connection with ADAG probe

The Central Bureau of Investigation (CBI) has apprehended Amit Bapna, former CFO of Reliance Capital Ltd, as part of its probe into Reliance ADA Group matters. Authorities allege Bapna, a key financial decision-maker, approved loans to intermediary firms despite knowing it violated RBI guidelines. Funds were reportedly diverted to various Reliance group entities, causing losses to banks and gains for the accused.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/vz9Nnxq

Factory floor emerges as new cyber battleground

Recent cyberattacks on Bajaj Auto and Tata Electronics have underscored the escalating cyber risks for India's manufacturing sector. As factories embrace automation and AI, their increased connectivity creates larger vulnerabilities. Experts warn that these breaches, which can halt production and compromise sensitive data, threaten intellectual property crucial for India's 'China-plus-one' strategy. Strengthening cybersecurity measures is now paramount for business continuity and trust.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/1gWyl7B

Loan growth speeds up in Q1, deposits still lag

Indian banks witnessed robust credit growth in the June 2026 quarter, with some lenders seeing advances surge significantly. However, a widening gap emerged as deposits declined for select banks like Bank of Baroda, IDBI, and RBL. Public sector banks maintained a steadier credit-deposit growth, while private lenders adjusted liabilities. Factors like a new credit guarantee scheme and supply chain issues fueled loan demand.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/C75WvUZ

Recruiters deploy AI to catch ghost coders

Campus hiring faces a new wave of sophisticated cheating, fueled by GenAI. Recruiters are battling hidden devices, AI tools, proxy candidates, and ghost coders. To counter this, companies are increasingly deploying AI-powered proctoring and shifting away from browser-based tests. Experts highlight that live follow-up interviews are proving effective in exposing candidates who relied on AI assistance.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/RM6Vr1B

WC assists top-end as smart TVs shrink

Despite a dip in India's smart TV market, the FIFA World Cup is driving a surge in premium television sales, especially for larger screens. Brands report significant demand for TVs 55 inches and above, with QLED and MiniLED technologies gaining traction. While macroeconomic pressures affect entry-level purchases, major sporting events are prompting consumers to upgrade to bigger, better-equipped models, particularly in football-centric regions.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ytbOm2k