Business
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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.
Government restores commercial LPG supplies to pre-crisis levels as Middle East tensions ease
NDTVArchived
NDTV reported the Petroleum Ministry lifted sectoral restrictions on hotels and restaurants on June 26 after domestic production improved and imported cargoes are expected while bulk LPG resumes at 50 percent of pre-war consumption.
ED finds accounting irregularities at Rajesh Exports as MD paid just Rs 17000 monthly salary
CNBCArchived
CNBC reported the Bengaluru gold company reported USD 81 billion consolidated revenue last year while CFO received no salary since 2020. Raids found 30 billion rupees in discrepancies and 40 percent under-reported gold inventory.
Amazon CEO Andy Jassy meets PM Modi pledging USD 48 billion India investment through 2030
About AmazonArchived
About Amazon said an additional USD 13 billion will expand AWS data centres in Mumbai and Hyderabad taking cumulative India investments from 2010 to 2030 above USD 88 billion with focus on AI cloud jobs and exports.
Piyush Goyal says no US trade deal without comparative tariff advantage for Indian exports
The Times of IndiaArchived
Times of India reported the commerce minister told Reuters India and Washington are very close to finalising a pact but will not sign until legal tools guarantee India a competitive edge over peer countries in the American market.
LIC CFO Sunil Agrawal resigns effective July 14 to pursue better prospects
The HinduArchived
The Hindu reported the state-owned insurer thanked Agrawal for contributions since he joined in March 2022 ahead of the LIC IPO after prior stints at Reliance Nippon Life and ICICI Prudential Life spanning 26 years.
Swiggy Instamart COO Ankit Jain and CBO Hari Kumar resign citing personal reasons
The Economic TimesArchived
Economic Times reported both former Flipkart executives left the quick-commerce unit amid a top-level rejig. Instamart ranks third by order volume behind Blinkit and Zepto as competition intensifies with Amazon Now and Flipkart Minutes expanding.
UK High Court orders Nirav Modi to pay Bank of India over USD 11.5 million on personal guarantee
The HinduArchived
The Hindu reported Justice Simon Tinkler found the personal guarantee enforceable with USD 4.1 million principal plus interest accrued to March 2026 on a Dubai firm loan separate from the USD 2 billion PNB fraud extradition case Modi fights from prison.J&K Cabinet clears PM Ekta Malls at Rs 125 crore in Jammu and Rs 130 crore in Srinagar
Daily ExcelsiorArchived
Daily Excelsior reported Omar Abdullah-led cabinet approved Unity Mall projects at Rail Head Trikuta Nagar and Kashmir Haat under Centre's special assistance scheme with Rs 50 crore first instalments released for each city via PPP operations after PWD construction.
Greer and Goyal note substantial progress but set no deadline for India-US interim trade deal
The HinduArchived
The Hindu reported USTR Jamieson Greer ended a two-day Delhi visit reviewing BTA elements including digital trade and supply chains. The February 2026 interim framework target of April-May completion remains unmet as Congress urges caution.
Amazon plans India's largest delivery-in-minutes network scaling Now to over 300 cities
About Amazon IndiaArchived
About Amazon India reported orders doubled every quarter since launch as the company expands micro fulfilment centres beyond 15 metros including Bengaluru, Delhi-NCR, Mumbai, Pune, Hyderabad, Amritsar and Kochi with tens of thousands of products in minutes.
Cheshire cheesemaker Simon Spurrell says Brexit left Rs-equivalent 250,000 hole and cost him his business
The GuardianArchived
The Guardian reported that EU exports now need a 180-pound health certificate even for 30-pound cheese sales, forcing small producers to sell out while Spurrell joined Hartington Creamery after describing Brexit as the biggest government self-harm in recent history.
Trump rejected USTR data and told Lutnick India tariffs were at least 175 percent book claims
News18Archived
News18 reported that Regime Change by Maggie Haberman and Jonathan Swan quotes Trump calling official figures bulls**t numbers while preparing April 2025 Liberation Day reciprocal duties that eventually hit Indian exports at 50 percent combined rates.
Gautam Adani targets 10 GW nuclear capacity by 2035 through new Adani Atomic Energy unit
NDTVArchived
NDTV reported that the group chairman unveiled the nuclear foray at Wednesday's AGM alongside a 3 GW data centre platform by 2030 and a binding Google gigawatt-scale project in Visakhapatnam as India links AI demand to energy security.
11 India-bound oil gas and fertiliser vessels crossed Hormuz after US-Iran MoU
Hindustan TimesArchived
Hindustan Times reported that MEA spokesman Randhir Jaiswal said on June 23 eleven vessels transited since the June 17 deal including three Indian-flagged crude tankers, one LPG carrier, one foreign crude tanker and six fertiliser bulk carriers while ten Indian ships remain in th)
BJP Bengal budget proposes reviving 118-year-old Calcutta Stock Exchange closed since 2013
Business StandardArchived
Business Standard reported that Finance Minister Swapan Dasgupta on June 22 said trading has been suspended since 2013 and the exchange was near closure due to legal hurdles, pledging state support to reclaim Kolkata's role as a financial capital.
India-US trade surplus fell over 40 per cent to $2.94 billion in May as Goyal-Greer talks begin
The Indian ExpressArchived
The Indian Express reported that Commerce Minister Piyush Goyal begins two-day talks with US Trade Representative Jamieson Greer on June 23 to finalise a trade deal as India's May surplus dropped from $5.02 billion a year earlier amid concessions made since the February 2025 Modi
Reliance Industries shares climb nearly 3 per cent as Jio Platforms files for IPO
The HinduArchived
The Hindu reported that RIL stock rallied on June 22 after Jio filed draft papers with SEBI for up to 27 crore fresh shares, a potential Rs 37,700 crore offering valuing the unit at roughly 137 billion dollars.
India pushes for preferential market access under proposed US trade pact says Goyal
The TelegraphArchived
Telegraph India reported that Commerce Minister Piyush Goyal on June 22 said the interim deal is delayed by the 50 per cent tariff on Indian goods and New Delhi wants duties lower than competing nations like Vietnam and Bangladesh.
US Trade Representative Jamieson Greer visits India for interim trade deal talks
The TelegraphArchived
Telegraph India reported that Greer will meet Commerce Minister Piyush Goyal and senior officials this week to advance the Bilateral Trade Agreement framework agreed by PM Modi and President Trump earlier in 2026.Bengaluru founder calls out Bombay Shaving Company for flooding WhatsApp with promotions
NDTVArchived
NDTV reported that Startup Circle founder Debajyoti Jena alleged on LinkedIn that he blocked three official Bombay Shaving Company accounts after receiving about nine promotional messages daily from multiple business accounts.
CCPA says 100% is an absolute numerical claim that must match actual composition
NewsOnAirArchived
The authority took suo motu cognisance under the Consumer Protection Act and 2022 misleading advertisement guidelines. Chief Commissioner Nidhi Khare and Commissioner Anupam Mishra led the action against both food companies.
ED raids five Bengaluru crypto platforms over FEMA breach
Indian Express, Economic Times, NDTVArchived
The Enforcement Directorate searched six Bengaluru premises on June 17 targeting Transak, Carret, Xpat, Onramp.money, and Onmeta. Preliminary findings cite over Rs 2,500 crore in unauthorised cross-border transfers using virtual digital assets. The agency froze about Rs 6 crore i
Experts warn against using ChatGPT or Claude alone for ITR
MoneycontrolArchived
Moneycontrol reported taxpayers increasingly using ChatGPT, Claude, and Gemini for July ITR filing. ClearTax founder Archit Gupta said such tools can produce inconsistent calculations because they are not built on fixed compliance logic. Deloitte partner Tarun Garg warned AI may
Nithin Kamath calls NSE a rare cash distribution machine
LivemintArchived
Zerodha founder Nithin Kamath described NSE as a cash generation and distribution machine, noting FY26 profits exceeded Rs 10,300 crore with Rs 8,660 crore distributed as dividends. The exchange filed a Rs 30,000 crore offer-for-sale IPO, India's second-largest after Jio Platform
Bitcoin trades below production cost, raising miner stress
TradingViewArchived
When Bitcoin trades below production cost, hashrate drops and difficulty adjusts downward, as seen in June's 10 percent reduction. JPMorgan analysts call current weak sentiment a potential future contrarian indicator, though near-term miner pressure persists across the sector. If
Aggarwal backed by Chandrasekaran but critics question global airline leadership experience
The Economic TimesArchived
Financial Times sources said Aggarwal is seen as a cost disciplinarian while Kannan brings stronger operational airline credentials from steering Vistara before its 2024 merger with Air India. Noel Tata opposes extending Chandrasekaran's term beyond February 2027.
Anant Ambani targets 40 billion units of green power annually from Kutch hub
The Economic TimesArchived
Economic Times reported that Reliance Industries executive director Anant Ambani said at the 49th AGM the company is targeting 40 billion units of green electricity yearly from its Kutch renewable hub, equal to about 3% of India's current annual power need.
Isha Ambani says Campa grabbed double-digit share four years after Reliance buy
MoneycontrolArchived
Moneycontrol reported that Isha Ambani Piramal told RIL's 49th AGM that Campa recorded over Rs 4,700 crore gross sales in FY26 and became India's fourth-largest carbonated soft drinks brand with double-digit share in key markets.
Jio files DRHP for India's biggest IPO likely worth Rs 35,000-40,000 crore
The HinduArchived
The Hindu reported that Jio Platforms filed its Draft Red Herring Prospectus with SEBI on June 19 for a fresh issue of 27 crore shares, diluting 2.5% and targeting India's largest IPO surpassing Hyundai's Rs 28,000 crore listing.
Vivek Aggarwal appointed FATF vice-president for 2026-27 term
The HinduArchived
The Hindu reported that the Financial Action Task Force Plenary appointed Culture Ministry Secretary Vivek Aggarwal as incoming vice-president for July 2026 to June 2027, succeeding Britain's Giles Thomson.
LNG carrier Disha arrives at Dahej after transiting Strait of Hormuz
ThePrintArchived
ThePrint reported that the Malta-flagged LNG carrier Disha arrived at Dahej Port on June 19 carrying 62,370 metric tonnes of LNG after safely navigating the Strait of Hormuz amid the evolving West Asia situation.
Kerala budget bets on maritime economy and Rs 100 crore film city
The News MinuteArchived
The News Minute reported that CM VD Satheesan presented the revised 2026-27 budget launching Mission Samudra with Rs 400 crore to develop 13 non-major ports and proposing a Rs 100 crore JC Daniel International Film City in Kochi.
Average SpaceX post-IPO buyer is nearly break-even after two-day slide
CNBCArchived
CNBC reported that SpaceX shares fell 3.6% to just under $184.98 on June 18, with the five-day volume-weighted average price at $181.71, meaning the average post-IPO buyer is approximately breaking even after a 20% retreat from Tuesday's intraday high.
RBI approves three-month extension for Keki Mistry as HDFC Bank interim chairman
NDTVArchived
NDTV reported that the Reserve Bank approved extending Keki Mistry's tenure as HDFC Bank interim part-time chairman until September 18, 2026 or until a regular chairman is appointed, whichever is earlier.
Tata Motors PV shares fall nearly 10% after FY27 outlook
UpstoxArchived
Upstox reported that Tata Motors Passenger Vehicle shares fell 9.8% intraday after the company shared its FY27 outlook. The stock settled 8.3% lower at Rs 360.95 on the NSE.
US-Iran MoU could lift shipping sanctions and reopen Hormuz
The HinduArchived
The Hindu explained that the 14-point US-Iran MoU contains shipping commitments, including US lifting of its naval blockade and Iran taking steps to restore merchant ship movement through the Strait of Hormuz within 30 days.
Sensex rises as crude falls below $80
NDTVArchived
NDTV's market liveblog reported that Indian benchmarks opened higher on June 17 as crude oil fell below $80 per barrel. At the open, Sensex gained about 50 points and Nifty50 was up about 20 points.
CNBC says TN white paper unintentionally praises Gujarat model
CNBC-TV18Archived
CNBC-TV18 reported that Tamil Nadu Chief Minister Vijay's first economic white paper compared Tamil Nadu with Karnataka, Maharashtra and Gujarat, and showed Gujarat in a stronger fiscal position despite Vijay's earlier criticism of the Gujarat model.BigBasket appoints former Amazon executive Amit Nanda as CEO
ETRetailArchived
ETRetail reported that Tata-backed BigBasket appointed former Amazon India executive Amit Nanda as CEO. Co-founder Hari Menon will remain closely associated as mentor and board member alongside co-founder Vipul Parekh.
SpaceX nears $3 trillion market value after IPO surge
The New York TimesArchived
The New York Times was blocked, but fallback reports said SpaceX briefly surpassed Microsoft and Amazon in market value on June 16, reaching roughly $2.94-2.97 trillion after its public debut and Cursor acquisition news.
Market rally still depends on Hormuz deal delivery
The HinduArchived
Indian equities are pricing in de-escalation, but the US-Iran agreement still needs formal signing and implementation. Investors should watch crude prices, foreign flows and whether energy shipments resume smoothly through Hormuz.SpaceX surges past Microsoft in market cap
CNBCArchived
CNBC reported that SpaceX shares rose about 13% on Tuesday after a blockbuster IPO, pushing its market cap to about $2.94 trillion and past Microsoft's $2.93 trillion valuation, making it the fourth-largest US company.
NDTV compares petrol, ethanol, flex fuel and electric cars
NDTVArchived
NDTV reported on how urban Indian drivers can compare savings across petrol, ethanol-blended fuel, flex-fuel vehicles and electric cars. The report examined mileage, running costs and practical trade-offs as India expands E20 and discusses higher ethanol blends.
Government hikes windfall tax on diesel and ATF exports
NDTV ProfitArchived
NDTV Profit reported that the government increased windfall tax on diesel and aviation turbine fuel exports while leaving petrol export duty unchanged. Fallback reports said diesel duty rises to Rs 14 per litre and ATF to Rs 12.5 per litre from June 16.
Nifty bulls eye 24,100 breakout after US-Iran deal
NDTV ProfitArchived
NDTV Profit reported that benchmark indices ended higher on optimism over the US-Iran deal. Nifty 50 rose 0.98% to 23,853.90 and analysts said a sustained move above 24,100 could open a near-term target of 24,500.
ED attaches Rs 503 crore assets in Raheja case
NDTV ProfitArchived
NDTV Profit reported that the Enforcement Directorate attached properties worth about Rs 503.48 crore belonging to Raheja Developers, promoter Navin M. Raheja and family members in a money laundering probe over alleged misuse of homebuyer funds.
Rupee rises 58 paise to 94.60 against dollar
The HinduArchived
The Hindu reported that the rupee rose 58 paise to 94.60 against the US dollar in early trade as crude oil prices fell after Trump announced a US-Iran deal to end the war and reopen the Strait of Hormuz.
