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Showing posts from July, 2026

Moody’s assigns Baa2 rating to RBL Bank, 1st for lender

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from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/rK8wxug

Tata Steel ends 25-year joint-venture with German company Martrade

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Tata Steel is acquiring Martrade's stake in their joint shipping venture for Rs 335 crore. This move ends a twenty-five-year partnership with the German logistics group. The company also committed Rs 33,873 crore for capacity expansion at Neelachal Ispat Nigam. This expansion will bolster its long products portfolio and branded retail offerings. Tata Steel reported a 19% net profit rise and 15% revenue increase in Q1 FY27. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/N1DUjL8

Formal retail credit access doubles over past decade

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Formal retail credit penetration in India more than doubled over the past decade. Consumption-led lending, including personal loans, drove this significant growth. Credit access expanded to younger borrowers and women across India. Northern and central states saw increased credit activity, while western and southern regions moderated. This shift reflects credit being used for lifestyle rather than asset acquisition. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Sr5WdoP

Companies boost health cover with top-ups for cancer

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Companies are enhancing employee health benefits beyond standard medical insurance. AstraZeneca Pharma India leads by introducing a group cancer care policy. This new coverage supplements existing plans and addresses high treatment costs. Many employers are also investing more in outpatient and wellness programs. This trend reflects a growing focus on comprehensive employee well-being. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/GH0Khb3

Need to reinvent ways to deal with global challenges: Finance ministry

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India's economy shows resilience despite global challenges and uncertainties. Swift policy responses and implementation are crucial for attracting investment. Rising crude oil prices pose a potential pressure on fiscal and current accounts. The external sector remains resilient due to strong exports and remittances. Adverse weather conditions present a risk to farm output and rural demand. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/xgjRshm

US Federal Reserve meet today: Kevin Warsh-led FOMC keeps interest rates unchanged

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The US Federal Reserve, which began its two-day policy meeting on Tuesday, was widely expected to leave its benchmark interest rate unchanged. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/JToBbtc

As inflation bites, HUL to take more price hikes

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Hindustan Unilever anticipates further price increases in coming months due to volatile commodity costs. The company projects inflation to remain between two and five percent for the September quarter. Demand for household staples remained stable, driving growth to a thirteen-quarter high. HUL's revenue from operations increased by ten percent in the first quarter. The company will continue to pursue volume-led revenue growth across its diverse product portfolio. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/BEFWnLv

Industrial output grows 7.3% in June, fastest in 22 months

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Industrial production surged 7.3% in June, a 22-month high, driven by manufacturing and electricity growth. This strong performance occurred despite global uncertainties and an erratic monsoon season. The first quarter saw industrial output grow 5.8% compared to the previous year. Several manufacturing sectors, including electrical equipment and motor vehicles, showed robust expansion. However, risks from high input prices and slowing global growth may moderate future output. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/kP5LOSa

For ease of liquidity & business, government to amend MSME Act

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New amendments to the MSME Development Act will ensure faster payments for small businesses. Mandatory digital invoicing and stronger protections against delayed payments are proposed. The government aims to improve liquidity for these vital enterprises. Dispute resolution will be accelerated through new facilitation councils. A free national digital registration platform will also be introduced. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/c6YSnr2

'Extra payout' to Maharashtra PSU: HDFC board slaps Rs 1 lakh fines on MD, CFO

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HDFC Bank's board penalized top executives over deposit arrangements with MSRDC. The internal review found business overreach but no personal gain or mala fide intent. Top executives received nominal penalties and warning letters following the review's recommendations. This action comes as the RBI pushes boards for greater oversight and before the CEO's term ends. The bank will formally communicate the matter and its findings to the Reserve Bank of India. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/BlTXARP

Tata Sons' AGM may face hurdle over quorum clause

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Tata Sons' upcoming annual general meeting faces a quorum challenge. This issue could affect the reappointment of chairman N Chandrasekaran. A charity commissioner's order prevents a key trust from nominating a representative. Without this nominee, the meeting's quorum requirement cannot be met. This situation may delay crucial business and Chandrasekaran's directorship. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/zZG1QlA

July FPI inflows touch Rs 42,000 crore, top February record

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Foreign portfolio investors became net buyers of Indian equities in July. This marked a reversal after four months of significant outflows from the market. Total foreign inflows reached their strongest point this year, surpassing February's figures. Equity segment saw intense selling pressure earlier, with substantial outflows recorded. Debt markets remained resilient, attracting significant inflows throughout the year. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/8oLAlNc

IPO rush ahead: Zepto, Shiprocket and 12 more firms to hit primary market; eye Rs 25,000 crore-plus fundraising

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India's IPO market is preparing for a busy month with many companies planning public offerings. Over a dozen firms are expected to launch initial public offerings, raising over Rs 25,000 crore. These upcoming issues span diverse sectors like quick commerce, housing finance, and education infrastructure. This activity follows sustained momentum in the primary market throughout the current year. Market participants anticipate robust fundraising as companies leverage improving investor sentiment. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/J3jY2Sc

Stock market outlook: Fed policy, crude oil prices and Q1 earnings to drive trade

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Markets anticipate another volatile week as investors track Middle East developments and oil prices. The US Federal Reserve's policy meeting outcome will also significantly influence investor sentiment. Domestic economic signals will emerge from the release of June Industrial Production data. A busy earnings season featuring heavyweight companies is expected to drive stock-specific movements. Investors will closely scrutinize the Federal Reserve's assessment of inflation and growth. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/SE9K0Ql

Tariffs on trial: Small businesses take Trump's latest trade levies back to court

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Two groups of small businesses are challenging Donald Trump's latest tariffs in court. These new levies target goods from sixty trading partners and cover nearly all US imports. Businesses argue the administration failed to justify these measures against individual economies. They contend the tariffs replace previous worldwide duties struck down by the Supreme Court. Legal experts believe these new tariffs will likely remain in place for an extended period. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/iLBSFdh

Forex schemes: BoB, BoI target over $6bn mop-up

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Setback for Trump: US appeals court refuses to revive $100,000 H-1B visa fee

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A federal appeals court refused to lift a ruling blocking a $100,000 H-1B visa fee. The court left in place a decision finding the fee unlawful while the government challenges it. Democratic attorneys general argued the administration created a new tax without congressional approval. A district judge agreed, ruling the fee exceeded executive branch authority. The appellate panel said the government had not shown it was likely to prevail. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ebiWYVw

Trump slaps 10% tariff on India, no major impact seen

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'Not credible', P 19 from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/DhmFUPe

Iran war pushes Brent to $100, oil companies fear hit to their finances

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Houthi Rebels' Attacks Add To Shipping Woes from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/JkRCwjd

US unveils fresh tariffs of up to 12.5% on 60 economies amid 'forced labour' probe; India gets lower 10% rate

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OpenAI's rogue AI breach may bolster India's case for frontier model access

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Q1 bank credit flow surges 10x as market mop-up collapses

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

Improving liquidity helping robust growth in credit: RBI

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India's economy shows resilience amid global uncertainties and fragile geopolitics. Liquidity conditions have improved, supporting robust credit growth across the nation. The external sector remains steady, with foreign investment inflows strengthening its outlook. Rural and urban demand conditions are healthy, reflecting strong economic activity. Retail inflation edged up in June, driven by food and fuel components. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/VAOWb10

Pharma companies in a flux over Trump's 200% tariff move on generics

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2-year window, P 15 from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/nJ4CpHi

USTR hints at 'action' ahead of tariff expiry

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Section 301 Levies May Cover 99% Of US Trade | New Tariffs On Canada & Brazil from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/pwafAtE

Trump announces 0% tariff on generic medicines for two years; 200% thereafter

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

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No move to scrap LTCG tax on equities: Govt

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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/0CLXo5a

Not referring cases to internal ombudsman a concern: RBI

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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/UQ1cf5H

IndiGo places over 1,000 engines’ order for A320s

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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/Z2YmTsa

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

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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/OxK23jL

Apple raises subscription prices in India

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

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

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

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from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/dZAB9pI

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

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

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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/BlF5dw6

Govt to take equity stakes in semiconductor startups

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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/WMUoIf7

New technology helps EPFO clear claims faster

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EPFO's new technology is accelerating claim settlements and interest payments for members. Auto-processing now handles eighty-three percent of subscriber claims, a notable improvement. The organization recently processed a record eleven lakh claims, clearing a substantial backlog. This modernization allows for same-day claim processing and faster interest credit. EPFO's improved systems will also help manage legacy issues and inoperative accounts. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/sAlaTS5

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

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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/gGMairJ

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

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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/koSTx4C

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

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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/nAavD2R

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

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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/B3WVeYX

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

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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/EpnTfa4

'Framework deal ready for India-US trade pact'

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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/4eiPjy9

After two years, pharma volumes pick up pace

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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/TxNS5rU

Foreign investors return to India, equities lead revival

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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/zXmRoF2

Oil companies plan expanding 10-kg LPG cylinder sales

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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/IhqB5Pl

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

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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/tPEm7Kv

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

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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/3jkDCea