Business
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Mahindra confirms E20 compatibility for older petrol cars
NDTVArchived
Mahindra clarified on July 6, 2026, that its petrol models are safe to run on E20 fuel, the higher ethanol blend. Customer Care said engines are fully compliant with existing gasoline standards. Vehicles manufactured after April 1, 2025 are calibrated for E20, offering better acc
India Australia set to seal uranium supply pact
The Economic TimesArchived
A uranium supply pact is expected from Prime Minister Narendra Modi's Australia visit this week as New Delhi expands nuclear power generation. Australia holds a third of the world's known uranium reserves and entered a framework pact with India over a decade ago. Modi and Austral
ICICI Pru seeks investor status for Prudential after Bharti deal
Economic TimesArchived
ICICI Prudential Life Insurance on July 5, 2026, sought reclassification of UK insurer Prudential from promoter to investor after Bharti Life's deal for a 75 percent stake, Economic Times reported. Prudential's holding would fall below 10 percent, ending promoter status under IRD
E20 rollout drives premium petrol demand across India
Economic TimesArchived
Motorists are buying more premium petrol as E20 becomes default fuel nationwide, Economic Times reported on July 5. Dealers said enquiries rose over mileage and engine concerns. Premium petrol costs about Rs 160 per litre versus roughly Rs 112 for regular E20 in some markets. Oil
Global investors turn to India as AI trade volatility rises
Economic TimesArchived
Indian equities are drawing investors seeking refuge from AI-driven market swings, Bloomberg reported on July 5. The Nifty 50 moved one percent or more on fewer days than MSCI Emerging Markets in the first half of 2026. In June it outperformed the EM index by the most since Novem
Petroleum ministry says no E20 export offer to Bhutan
India TodayArchived
The Ministry of Petroleum and Natural Gas said on July 5 that oil marketing companies never offered to export E20 petrol to Bhutan. It called reports that Bhutan rejected such fuel incorrect and said no export proposal exists. Congress had alleged neighbouring countries refused I
Six top firms add Rs 1 lakh crore in market value
MoneycontrolArchived
Six of India's top ten companies gained a combined Rs 1 lakh crore in market capitalisation last week as the Sensex rose 663 points and the Nifty added 215 points. Bharti Airtel gained Rs 36,529 crore, the most among peers. Bajaj Finance added Rs 33,060 crore. Reliance Industries
Bitcoin crosses $62000 as whales accumulate despite ETF outflows
Economic TimesArchived
US spot Bitcoin ETFs turned negative on net flows for 2026 before a $221 million inflow on July 3. Bitfinex said whale accumulation coincided with a negative US spot premium, suggesting buying outside traditional US spot channels. Similar institutional selling with holder accumul
India lifts emergency natural gas supply controls after LNG disruption
Economic TimesArchived
The Centre withdrew emergency natural gas supply controls on July 4, 2026, through the Natural Gas Supply Regulation Amendment Order. The March 9 order was issued after Middle East conflict disrupted LNG shipments through the Strait of Hormuz and suppliers invoked force majeure.
IT Ministry to summon Meta over Instagram CSAM advertisements
The HinduArchived
The Ministry of Electronics and Information Technology will summon Meta after a BBC report found Instagram served two dozen ads in India promoting child sexual abuse material with links to Telegram channels, Minister Ashwini Vaishnaw directed on July 3, 2026. MeitY will seek an e
Government debunks viral myths about E20 ethanol blending programme
The Times of IndiaArchived
The petroleum ministry on July 3, 2026, issued a 10-point rebuttal to social media misinformation about India's E20 programme allowing up to 20 percent ethanol in petrol. It rejected claims of excessive water use, engine damage, voided warranties and sugar-attracting insects. ARA
Centre to summon Meta over Instagram ads promoting child abuse
The Times of IndiaArchived
Union IT Minister Ashwini Vaishnaw on July 3, 2026, directed officials to seek an explanation from Meta after a BBC investigation found Instagram served paid advertisements in India promoting child sexual abuse material. Ads used explicit terms and linked to Telegram channels sel
Hardeep Puri says E20 causes minor drop in vehicle mileage
The Times of IndiaArchived
Petroleum Minister Hardeep Singh Puri on July 3, 2026, said mileage drop in E20-fuelled vehicles is minor and insurance coverage remains valid. He said a make-believe narrative on social media had created fear among vehicle owners. India reached 20 percent ethanol blending in Dec
Hardeep Puri says ethanol is used in racing cars
NDTVArchived
Petroleum Minister Hardeep Singh Puri on July 2, 2026, said ethanol is used in racing cars and helps improve acceleration while defending biofuel blending. He said mileage may drop slightly but India reached 20 percent ethanol blending in December 2025. Oil marketing companies re
Sensex rises as crude oil eases amid US-Iran developments
NDTVArchived
Indian equity benchmarks traded higher on July 2 as Sensex opened up about 220 points and later extended gains toward 320 points. Nifty gained about 70 points at the open. Market sentiment was supported by easing crude oil prices amid progress in US-Iran talks. Nifty had reclaime
Delhi woman laid off by Wipro after five years shares story
The Times of IndiaArchived
Delhi marketing professional Anukriti Vidyarthi said Wipro told her on June 29 that her Marketing and Communications Coordinator role at Wipro AI Solutions was redundant after five and a half years. She shared an Instagram video describing the meeting with her manager and HR. She
US removes four Indian companies from Russia sanctions list
The Times of IndiaArchived
The United States removed four Indian companies from the Office of Foreign Assets Control sanctions list on Tuesday, July 1, 2026, according to a Treasury update. The firms were Hyderabad-based RRG Engineering Technologies and Lokesh Machines, Ahmedabad-based Galaxy Bearings and
Maruti Suzuki announces Rs 35,000 crore new Gujarat manufacturing facility
AutoPunditzArchived
Maruti Suzuki India Limited announced plans to establish a new automobile manufacturing facility near its Gujarat operations with an investment of approximately Rs 35,000 crore. The announcement came during the Japanese Prime Minister's visit to India alongside Prime Minister Nar
Russia begins seaborne gasoline imports from India amid shortages
NDTVArchived
Russia has started seaborne gasoline imports from India, two industry sources said on July 1, to mitigate fuel shortages triggered by Ukrainian attacks on energy infrastructure. At least 60,000 metric tons have been dispatched in two tankers with parcels of 30,000 to 40,000 tons
India and Japan plan direct yen-rupee trade settlement framework
LivemintArchived
India and Japan are advancing a local-currency settlement framework allowing direct yen-rupee transactions, reducing reliance on the US dollar, according to reports July 1. The proposal may feature in a joint statement after Prime Minister Narendra Modi meets Japanese counterpart
Nayara cuts petrol by Rs 5 and diesel by Rs 3
Hindustan TimesArchived
Nayara Energy cut petrol by Rs 5 per litre and diesel by Rs 3 per litre across its 7,000-plus fuel stations on July 1. The private retailer is India's largest by network outside state-owned companies. IOC, BPCL and HPCL, controlling over 90 percent of India's fuel stations, have
Commercial LPG cylinder prices cut by Rs 183.50 from July 1
The Times of IndiaArchived
Commercial LPG prices dropped Rs 183.50 per 19-kg cylinder effective July 1, bringing Delhi's rate to Rs 2,930. Five-kg Free Trade LPG fell Rs 13 to Rs 808.50 in Delhi. Household 14.2-kg cylinder rates remain unchanged. Indian Oil had raised commercial LPG in June to Rs 3,113.50
Nithin Kamath urges staying invested through cycles
MintArchived
Mint reported June 30 that Zerodha co-founder Nithin Kamath said the investing formula most people ignore is simply staying invested. Speaking to market participants, he cautioned against timing exits during volatility. Kamath built India's largest retail brokerage by volume, giv
Persistent CEO Kalra backs Nagarro acquisition deal
Moneycontrol, Mint, Economic TimesArchived
Moneycontrol reported June 30 that Persistent Systems CEO Sandeep Kalra called the Nagarro acquisition a god-given opportunity. The deal expands Persistent's digital engineering footprint in North America and Europe. Kalra cited complementary client bases and product engineeringAdani Ports to sell Vizhinjam stake to MSC for $1.4B
Wall Street Journal, Mint, Economic TimesArchived
The Wall Street Journal reported June 30 that Adani Ports will sell a stake in India's Vizhinjam port to Swiss shipping giant MSC for about $1.4 billion. The Kerala deep-water project aims to attract transshipment cargo that currently bypasses India for Colombo and Singapore hubs
RBI report warns India remains energy import exposed
Hindustan TimesArchived
Hindustan Times reported June 30 that an RBI assessment flags India's vulnerability to energy price shocks from the West Asia conflict. Heavy crude and LNG import dependence leaves the current account and inflation path sensitive to Hormuz disruptions. The report urges monitoring
Can Mumbai slum redevelopment model spread to other cities
Economic TimesArchived
Economic Times reported June 30 on whether tycoons like Adani and Ambani can export Mumbai's slum redevelopment formula to other cities. The piece examines transferable density rights, builder incentives, and rehabilitation timelines that reshaped Dharavi-adjacent pockets. Offici
Centre extended GSTAT appeal filing deadline to July 31 2026
India TodayArchived
India Today reported June 30 Finance Ministry said about 30000 appeals filed in last 15 days with daily filings touching 5500. Extension follows stakeholder representations on technical difficulties from heavy traffic. GSTAT launched September 2025 with original June 30 cutoff.
MSC to buy 49 percent of Adani Vizhinjam port for 13220 crore rupees 1.397 billion dollars
The HinduArchived
The Hindu reported June 30 Switzerland based Mediterranean Shipping Company world's largest container line will invest through terminal arm TiL for stake in Adani Vizhinjam Port Private Limited. Deal billed as largest foreign private investment in Indian port infrastructure. Tran
Swiggy Zepto Zomato Urban Company challenge Karnataka gig workers welfare act in High Court
The News MinuteArchived
The News Minute reported June 27 petition filed with Internet and Mobile Association of India contests constitutional validity of Karnataka Platform Based Gig Workers Social Security and Welfare Act 2025 and related rules notifications. Companies argue state law is repugnant to P
Delhi Cabinet approves 15000 crore rupee EV policy targeting zero emission transport by March 2030
News On AIRArchived
News On AIR reported June 30 the policy exempts registration fees and road tax on EV cars priced up to 30 lakh rupees. Buyers scrapping old vehicles receive one lakh rupee incentive. Only electric two wheelers may be registered from April 2028 under the four year rollout beginnin
American Whiskey Association CEO calls India essential market for US agricultural exports
The Indian ExpressArchived
Indian Express reported June 30 Michael Bilello said American whiskey should be treated as a priority US agricultural manufacturing and export category in India US trade talks. He argued tariff friction inflates Indian retail prices before bottles reach consumers. Meaningful acce
Gujarat first three regional Vibrant conferences drew 9499 MoUs worth 13.3 lakh crore rupees
Hindustan TimesArchived
Hindustan Times reported June 30 Chief Minister Bhupendra Patel said Mehsana Rajkot and Surat editions collectively attracted investment commitments of about 13.30 lakh crore through 9,499 memoranda of understanding. Fourth Central Gujarat conference opened in Vadodara on June 29
Akasa Air SpiceJet warn of Mumbai Dharamshala flight delays amid heavy monsoon rainfall
Economic TimesArchived
Economic Times reported June 30 Akasa Air said heavy rainfall in Mumbai could delay flights across its network and urged passengers to check status before leaving for airports. SpiceJet warned adverse weather in Dharamshala may affect all arrivals departures and consequential fli
US envoy Sergio Gor says India trade pact is in final one to two percent of negotiations
NDTVArchived
NDTV reported June 30 Gor told the USISPF Leadership Summit most of the bilateral trade agreement is complete with only a handful of issues and legal language remaining after 18 months of talks. He cited recent back and forth visits including Commerce Minister Piyush Goyal in New
Government withdraws 200-litre daily diesel cap at retail pumps effective July 1 as fuel supply normalises
The New Indian ExpressArchived
The New Indian Express reported June 29 Petroleum Ministry ended June 12 temporary curbs on petrol and diesel sales through PSU outlets. Measures redirected bulk buyers to designated pumps to prevent hoarding during West Asia crisis. Review found restrictions no longer needed in
Nagarro co-founder Manas Human built Delhi startup into 1.3 billion dollar firm now merging with Persistent Systems
MoneycontrolArchived
Moneycontrol reported June 29 weekend announcement creates India's seventh-largest IT services company with 2.9 billion dollar revenue run rate. Persistent offering EUR 81 per share voluntary takeover for German-listed digital engineering firm Nagarro SE.
EPFO portal and UMANG services resume after upgrade window
LivemintArchived
EPFO suspended online claim submission and passbook access from June 26 through June 29 for a database consolidation and software upgrade. Livemint reported the unified member portal is scheduled to resume around July 1. UMANG app EPFO services face a longer maintenance window un
Oracle cuts about 500 more roles in Romania
NDTV ProfitArchived
Oracle has reportedly begun another round of layoffs in Romania affecting about 500 employees. The reductions, which started around June 25, follow earlier cuts in Romania and a wider global restructuring that has reportedly affected thousands of workers across the United States
Persistent Systems board approved takeover of Germany-based Nagarro SE at EUR 81 per share cash offer
Business StandardArchived
Business Standard reported June 27 deal via subsidiary Galaxy Germany Holding SE with Nagarro management and supervisory boards supporting transaction. Offer represents about 93.5 percent premium to three-month volume-weighted Xetra average per EQS filing.
US Ambassador Sergio Gor said India-US trade deal has handful of issues left after Greer-Goyal Delhi talks
NDTVArchived
NDTV reported Gor told IANS at White House on June 27 negotiators are refining legal language after productive meeting 48 hours earlier. Deal has been discussed 18 months versus 20 years for incomplete EU pact he cited for perspective.
Goldman Sachs raised India FY27 GDP growth forecast to 6.5% from 6.1% after Iran peace deal
The New Indian ExpressArchived
New Indian Express reported brokerage cut inflation outlook to 4.9% from 5.1% as Indian crude basket fell from above $100 for three months to $70.71 on June 24 with commodities team revising oil to $82 average in Q2-Q3.
Gold climbed above $4000 as inflation data curbed rate-hike bets amid volatile equity markets
MoneycontrolArchived
Moneycontrol cited Bloomberg reporting gold rebounded Friday as tech stock plunges on AI trade concerns prompted some investors to sell bullion to cover portfolio losses elsewhere despite softer inflation reducing expectations of aggressive central bank tightening.
Trump threatens 100% tariff on any European country imposing digital services tax on US tech giants
BBCArchived
BBC reported Trump said on Truth Social punitive tariffs would apply immediately and supersede bilateral trade deals targeting nations close to launching levies on American technology companies like Apple Google Meta and Amazon.
Brent crude falls over 5 percent to about 71.50 dollars as WTI drops below 69 on Hormuz optimism
NDTVArchived
NDTV reported world oil prices extended sharp Friday losses despite UN evacuation suspension. First time Brent fell below 72 dollars amid optimism for Strait of Hormuz traffic flows after recent ceasefire-related rebound.
Russia seeks 50000 tons gasoline from Kazakhstan as Ukrainian drone attacks devastate refineries
OilPrice.comArchived
OilPrice via Eurasianet reported Reuters said Moscow approached Astana but Kazakhstan has not committed while major refinery plans maintenance June 26-30. Long lines at Russian gas stations follow refinery damage.
Trump warns 100 percent tariff on countries imposing digital services tax on US tech firms
Times of IndiaArchived
Times of India reported Truth Social post said tariff would supersede trade deals whether implemented signed or not and be immediately imposed if countries proceed targeting European nations near implementation.
Hormuz traffic rebounds to 125 weekly transits but Ever Lovely strike halts UN evacuation plan CNBC says
CNBCArchived
CNBC reported June 24 saw 62 crossings highest single day since war began at 53 percent of prior year levels. War-risk premiums rose from 0.05 to over 0.7 percent of hull value per transit.
Piyush Goyal says India-US deal finalized but won't enter force without tariff edge over ASEAN rivals
Deccan HeraldArchived
Deccan Herald reported the commerce minister told London's India Global Forum UK-India Week that an FTA is about comparative advantage over Vietnam Thailand Philippines China Malaysia Bangladesh and Sri Lanka.
Piyush Goyal says India-US trade pact very close but needs tariff edge over ASEAN rivals
NDTVArchived
NDTV reported the commerce minister told IGF UK-India Week the February 6 framework promised 18 percent US tariffs versus 19-20 percent for competitors but all now face a 10 percent additional levy expiring July 24.
