Business
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India-UK trade deal comes into force from July 15
NDTVArchived
The India-UK Comprehensive Economic and Trade Agreement came into force on July 15, 2026, offering zero-duty access to nearly 99 percent of Indian exports to Britain. Indian consumers may eventually see lower prices on Scotch whisky, premium cars, cosmetics and chocolates as tari
Sensex falls 561 points as oil prices surge
The HinduArchived
BSE Sensex fell 561.46 points to 77,054.94 and Nifty dropped 158.95 points to 24,052.05 on July 14 as Brent crude surged 4.26 percent to $86.85 amid West Asia tensions. The rupee settled at 96.27 per dollar. HCL Tech, Bajaj Finserv, SBI and M&M were among major drags. FIIs offloa
Railway Minister announces freight and skilling reforms
The HinduArchived
Railway Minister Ashwini Vaishnaw announced policy reforms on July 14 to move fly ash, fertilizers and foodgrains in closed containers, replace multi-slab freight rates with per-tonne rates, and introduce a unified Rs 25 crore container train licence. Private firms may design cus
India-UK trade deal takes effect from July 15
Times of IndiaArchived
The India-UK Comprehensive Economic and Trade Agreement takes effect on July 15, 2026. The deal offers duty-free access for nearly 99 percent of Indian exports to Britain. Import tariffs on British whisky, cars, salmon and machinery will be lowered in phases. India excludes smart
Rupee falls 62 paise to close at 96.30
The HinduArchived
The Indian rupee weakened 62 paise to close at 96.30 against the US dollar on July 14, pressured by rising crude oil prices and heightened tensions in West Asia. Brent crude surged 3.75 percent to $86.42 a barrel during the session, adding to concerns about India's import bill anSensex, Nifty fall as West Asia tensions rise
ETCFOArchived
India's benchmark Sensex closed down 561.46 points at 77,054.94 on July 14, while the Nifty slipped 159 points to 24,052.05, as escalating tensions in West Asia weighed on investor sentiment. The broad decline reflected growing unease over the Hormuz conflict's potential to disru
CBIC issues customs rules for India-UK trade pact
SwarajyaArchived
The Central Board of Indirect Taxes and Customs issued guidelines effective July 15, 2026, for implementing self-certified origin declarations under the India-UK Comprehensive Economic and Trade Agreement. Under the framework, UK exporters can self-certify the origin of their goo
Sensex falls 553 points in early trade
The TelegraphArchived
India's Sensex declined 552.99 points to 77,063.41 in early trade, while the Nifty fell 160.45 points to 24,050.55, tracking weak global cues and rising crude oil prices. The broad-based decline came as investors weighed geopolitical tensions in the Gulf alongside concerns about
SC picks mediator for Kalyani family assets dispute
Times of IndiaArchived
The Supreme Court appointed former judge Justice L. Nageswara Rao to mediate the long-running dispute between industrialist Baba Kalyani and his sister Sugandha Hiremath over assets and shareholdings valued at more than Rs 1 lakh crore, including Hikal shares. The bench gave the
Aditya Birla to buy Sprng Energy from Shell
The HinduArchived
The Hindu reported Aditya Birla Renewables signed a deal to acquire 100% of Solenergi Power, owner of Sprng Energy, from Shell Overseas Investment for an enterprise value of Rs 17,200 crore overall. The company called it among India's largest renewable acquisitions by value and s
India merchandise trade deficit widens to 30.43 billion dollars
The New Indian ExpressArchived
The New Indian Express reported India's merchandise trade deficit widened to $30.43 billion in June as imports of electronics, oil and gold outpaced export growth sharply. Exports rose 15.5% to $40.41 billion while imports jumped nearly 31% to $70.84 billion, versus a $19.10 bill
SC appoints Justice Nageswara Rao to mediate Kalyani dispute
LiveLawArchived
LiveLaw reported on Monday that the Supreme Court on Monday, July 13, referred the long-running dispute between industrialist Babasaheb Neelkanth Kalyani and sister Sugandha Hiremath to former judge Justice L Nageswara Rao for mediation. A CJI Surya Kant bench asked Bombay High C
Commerce Secretary says India-US framework deal is ready
The HinduArchived
The Hindu reported on Monday that Commerce Secretary Rajesh Agrawal said on Monday, July 13, the India-US interim trade framework is ready and will be signed at the right time. He added the key comparative advantage for India over competitors is still being structured. He indicat
India retail inflation rises to 4.38 percent in June
Times of IndiaArchived
Times of India reported that India's retail inflation rose to 4.38% in June from 3.93% in May, breaching the RBI's 4% target, as food prices pushed up the Consumer Price Index. MoSPI provisional data showed food inflation at 5.32%, with rural inflation at 4.74% against 3.92% in c
Essel Group patriarch Nand Kishore Goenka dies at 96
Indian TelevisionArchived
Indian Television reported that Nand Kishore Goenka, patriarch of the Goenka family and father of Essel Group chairman Subhash Chandra, died peacefully in Mumbai on Monday morning at age 96. His mortal remains were placed at Vasant Sagar on Marine Drive before cremation at Goenka
Goyal calls reports of rejecting US trade deal false
Deccan HeraldArchived
Deccan Herald reported that Commerce Minister Piyush Goyal on July 13 dismissed as completely false claims that India rejected a quick trade agreement with the United States. On X, he said a Reuters report was completely false, baseless and misleading, adding that both sides rema
Sensex Nifty slump as West Asia tensions lift oil prices
The HinduArchived
Indian benchmark indices slumped in early trade on Monday amid escalating West Asia tensions and rising crude oil prices, The Hindu reported. The BSE Sensex fell 616.15 points to 76,946.97 and the NSE Nifty dropped 190.50 points to 24,015 after two days of gains, with Brent crude
India holds firm, rejects rushed US interim trade deal
SwarajyaArchived
India declined a swift trade pact with the United States during recent talks, holding out for better terms as New Delhi seeks a tariff edge over rival exporters, Swarajya reported citing Reuters. US Trade Representative Jamieson Greer's New Delhi visit last month ended without a)
Hindu editorial flags E20 costs when crude falls below $70
The HinduArchived
A The Hindu editorial said the government's E20 ethanol blending programme can raise consumer fuel costs when international crude oil falls below about 70 dollars a barrel. It argued that motorists still pay more at the pump for lower-mileage blended fuel even as global oil softeSix IPOs draw investor attention this week
The Economic TimesArchived
India's IPO market stays active with six issues on investor radar across mainboard and SME segments this week. SBI Funds Management's mainboard IPO is priced at Rs 574 per share with a grey market premium of Rs 88, implying about 15 percent listing gains. Millworks Technologies'
Foreign investors return with Rs 15,157 crore inflows
MoneycontrolArchived
Foreign portfolio investors invested Rs 15,157 crore in Indian equities in July through July 10, reversing four months of net selling, according to CDSL data. Secondary market inflows were Rs 5,155 crore and primary market investments Rs 10,001 crore. July follows outflows of Rs
HDFC Bank CEO pay rises to Rs 15.13 crore
MoneycontrolArchived
HDFC Bank CEO Sashidhar Jagdishan earned Rs 15.13 crore in FY26, up 19 percent from the previous year, according to the annual report released this week. His basic salary stayed at Rs 3.09 crore while his performance bonus rose to Rs 7.28 crore. He received 4.28 lakh employee sto
Income Tax Department reports 1.7 crore ITR filings
The Hindu BusinessLineArchived
The Income Tax Department said on Saturday that over 1.7 crore income tax returns were filed for assessment year 2026-27 covering income earned in 2025-26. More than 10 lakh returns were filed on Friday alone. The last date to file ITR-1 and ITR-2 is July 31, 2026. Officials expe
HDFC Bank shifts backend staff to frontline
Economic TimesArchived
The bank is accelerating AI investments to improve customer communications and equip frontline staff with better dispute resolution tools. Selective AI-assisted monitoring aims to flag unusual activity earlier. Officials expect further briefings as reviews continue this week. Mor
HDFC annual report discloses Chakraborty FY26 pay
CNBC-TV18Archived
HDFC Bank's FY26 annual report said former part-time Chairman Atanu Chakraborty received Rs 59 lakh in sitting fees and Rs 48.25 lakh in fixed remuneration before resigning on March 18, 2026. CEO Sashidhar Jagdishan called the exit a challenging event. A Special Committee legal r
Vedanta reaffirms 500,000 barrels daily output target
MoneycontrolArchived
Vedanta on July 11 reaffirmed its ambition to produce 500,000 barrels of oil equivalent per day to support India's energy security. Chairman Anil Agarwal said every barrel produced domestically reduces import dependence. The company cited about 300 billion barrels equivalent of p
Zomato runs logo-free red birthday newspaper ad
MoneycontrolArchived
Zomato marked its eighteenth birthday on Friday with a full-page red newspaper advertisement carrying only the line happy 18th birthday to us and no logo or brand name. The ad appeared on the front page of The Times of India. Social media users guessed Airtel, Kotak Mahindra BankNaidu congratulates Brahmani on Fortune powerful women list
Deccan ChronicleArchived
Andhra Pradesh Chief Minister N. Chandrababu Naidu publicly congratulated Nara Brahmani after she was featured among Fortune India's 100 Most Powerful Women list for 2026, Deccan Chronicle reported. Brahmani thanked her mother-in-law Nara Bhuvaneswari for her constant personal gu
Cognizant named as US begins H-1B visa fraud probe
Times of IndiaArchived
The United States Department of Labour has opened an investigation into alleged H-1B and PERM visa fraud, with inspector general Anthony D'Esposito saying whistleblower complaints referred to companies like Cognizant, Times of India reported. Dozens of subpoenas have already been
E20 may cut mileage up to 5 percent, ministry says
The HinduArchived
The petroleum ministry acknowledged that E20 ethanol-blended petrol may cut mileage by 3 to 5 percent in some vehicles while defending the nationwide blend, The Hindu reported. Officials said E20 offers higher octane and cleaner combustion. They explained E20 may cost as much as
SBI sells 1.42 percent SBIFM stake for Rs 1,655 crore
The HinduArchived
State Bank of India sold a 1.42 percent stake in SBI Funds Management Ltd to 30 investors for Rs 1,655 crore in a pre-IPO placement, The Hindu reported on July 10. The bank sold 2,88,32,748 shares at Rs 574 each, the higher end of the IPO price band, in agreements dated July 9. T
Government answers nine FAQs on E20 ethanol petrol
Times of IndiaArchived
The petroleum ministry on July 10 released nine detailed FAQs on ethanol-blended petrol amid public backlash, Times of India reported. Officials said India reached 20 percent blending in April 2025, five years ahead of schedule, and E20 is now standard petrol nationwide. The docu
India's first hydrogen train notified for Jind-Sonipat route
Times of IndiaArchived
Indian Railways has notified India's first hydrogen-powered train, a 10-coach fuel cell trainset for the Jind-Sonipat section under Northern Railway, Times of India reported on July 10. The train is expected to be flagged off by PM Narendra Modi on July 17. It will run at up to 7
Centre rejects separate pure petrol and E10 supply
Indian ExpressArchived
The petroleum ministry on July 10 rejected demands for separate nationwide supplies of pure petrol, E10 and E20, Indian Express reported. Officials said maintaining multiple base fuel grades across over one lakh retail outlets would create enormous logistical challenges, raise ha
New Zealand says fifty seven percent exports tariff free to India
The HinduArchived
New Zealand Prime Minister Christopher Luxon said 57 percent of Wellington's exports to India will be tariff-free from day one under the April 2026 free trade agreement, The Hindu reported on July 9 ahead of Prime Minister Narendra Modi's July 10-11 Auckland visit. Luxon said on
Centre says E25 petrol not ready for public rollout yet
Autocar IndiaArchived
Union Petroleum Minister Hardeep Singh Puri said on July 9 that E25 petrol with 25 percent ethanol blend is still in testing and any suggestion of an immediate rollout is misinterpretation, Autocar India reported. India has been expanding ethanol blending, with E20 already in wid
New Zealand says fifty seven percent exports tariff free to India
Hindustan TimesArchived
New Zealand Prime Minister Christopher Luxon said on July 9 that 57 percent of Wellington's exports to India will be tariff-free from day one under the April 2026 free trade agreement, Hindustan Times reported. The announcement came ahead of Prime Minister Narendra Modi's July 10
Tata Motors PV targets twenty percent market share by 2031
The HinduArchived
Tata Motors Passenger Vehicles chairman N. Chandrasekaran told shareholders on July 8 the company aims for 20 percent market share and over 1.2 million annual sales by 2031, The Hindu reported. With 14.2 percent share in Q1 2026 it ranks second after Maruti Suzuki, up from 4.8 pe
Trump says Iran ceasefire over at NATO summit
CNBCArchived
President Donald Trump said the Iran ceasefire was over while attending the NATO summit, CNBC reported on July 8, 2026. Brent crude traded near seventy-eight dollars per barrel, Dow futures declined and investors awaited Federal Open Market Committee minutes released the same day
Eight lakh crore wealth wiped as Nifty tanks five seventeen
The Times of IndiaArchived
President Donald Trump's declaration ending a truce with Iran at NATO triggered the selloff alongside rising crude prices and foreign portfolio investor profit booking after recent gains. Banking, IT and energy stocks led losses across Dalal Street. Analysts said volatility may p
Sensex falls five hundred thirty seven points early July eight
The HinduArchived
Indian stock markets declined in early trade on July 8, 2026, with the Sensex falling five hundred thirty-seven points as renewed United States-Iran tensions pushed crude oil prices higher, The Hindu reported. Investors sold across sectors fearing imported inflation and margin pr
Nasdaq falls as DeepSeek chip push rattles markets
TradingViewArchived
The Nasdaq was set to open lower on July 7, 2026, as chip stocks declined after Reuters reported Chinese startup DeepSeek is developing its own AI inference chip. Nvidia fell about 1.8 percent in premarket trading on concerns the move could reduce reliance on Nvidia and Huawei ch
India urges US to withdraw proposed 12.5 percent tariff
The Times of IndiaArchived
India urged the United States on July 6, 2026, to reconsider a proposed additional 12.5 percent tariff on Indian imports under a USTR Section 301 forced labour investigation. In a submission to the USTR, India said the move lacks adequate evidence and country-specific assessment.
India auto parts exports to US remain strong despite tariffs
The Economic TimesArchived
The US remained India's largest auto parts export market in FY26, accounting for 26 percent of 24 billion dollars in shipments, ACMA data on July 7, 2026, showed. Exports grew five percent despite US tariff tensions. Germany took nine percent and Thailand four percent. USTR is in
ARAI study flags E20 damage to rubber in E10 vehicles
Autocar IndiaArchived
A resurfaced 2021 ARAI study highlighted on July 7, 2026, found E20 fuel could deteriorate some rubber and plastic fuel-system components in vehicles not designed for higher ethanol blends. Metals showed insignificant corrosion impact but NBR-PVC and epichlorohydrin elastomers sh
Oil prices rise after reported Iran attack on Hormuz ships
CNBCArchived
Oil prices rose on July 7, 2026, after reports that Iran fired missiles at commercial ships in the Strait of Hormuz. Brent crude gained 1.5 percent to 73.09 dollars per barrel and US WTI rose 1.5 percent to 69.56 dollars. Axios cited US officials saying at least two missiles stru
Government likely to delay higher 25 percent ethanol blend
The Indian ExpressArchived
The government is likely to push back the proposed E25 petrol blend amid backlash over rapid ethanol adoption on July 7, 2026. E20 became standard nationwide after ethanol rose from 10 to 20 percent in three years, five years ahead of the 2030 target. Recent excise exemptions and
Rupee falls 20 paise to close at 95.38
The HinduArchived
The Indian rupee depreciated 20 paise to close at 95.38 against the US dollar on July 6, 2026, as a strengthening greenback weighed on emerging market currencies. At the interbank forex market the rupee opened at 95.25 and traded between 95.22 and 95.48 during the session. On JulIndian shares open higher led by HDFC Bank Axis Bank
The Economic TimesArchived
Indian equity benchmarks opened higher on July 6, 2026, led by banking heavyweights after strong June quarter business updates. HDFC Bank reported 15.4 percent year-on-year gross advances growth to Rs 30.61 lakh crore. Axis Bank posted 19 percent advances growth to Rs 12.73 lakh
Maruti Toyota say no E20 engine wear or claim spike
NDTVArchived
Maruti Suzuki and Toyota Kirloskar Motor on July 6, 2026, assured customers they have not observed significant engine wear, corrosion or increased insurance claims from E20 ethanol-blended petrol. Maruti serviced over 2.5 crore vehicles in FY26 including more than 1.5 crore older
