July 08, 2026

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INDIAN ECONOMY

Fresh Trump tariff threat looms: India's strong stand on US Section 301 probe that proposes 12.5% duties - explained

The Donald Trump administration's Section 301 probe and threat of fresh tariffs has added a layer of uncertainty for several countries including India. The United States Trade Representative (USTR) has advanced one of its two investigations into America's trading partners, even as the July 24 deadline for th...

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'Economy May Take 2 To 3 Months To Return To Normal'

In May, the Consumer Inflation (CPI) rose to 3.93%, the highest in 16 months, with food inflation rising to 4.8%, and wholesale prices (WPI) to 9.68%. Foreign Institutional Investors (FIIs) have pulled out a record Rs 2.3 lakh crore ($30 billion) in the first five months of 2026 from Indian equities. ...

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India to roll out new high-frequency economy barometer on July 14

Next week, India will introduce a new high-frequency indicator to track activity in the country's services economy, marking a major expansion of the statistical toolkit used to assess short-term economic trends. The Ministry of Statistics and Programme Implementation (MoSPI) is set to release the first Ind...

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Jobs, trade, and investments: Finland vows to do ‘everything in its power’ to fast-track India-EU FTA

Finland’s Foreign Affairs Minister Elina Valtonen has said the upcoming India-European Union Free Trade Agreement (FTA) will create new business opportunities, increase investments and generate jobs for people in both India and Europe. Speaking to ANI on Monday, Valtonen said relations between India and F...

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US pulls Iranian oil waiver after Hormuz attacks — What it means for India’s crude supply

The fragile peace in the Gulf has been shaken once again. Late on Tuesday, the US Central Command said it had carried out a fresh round of “powerful strikes” on Iran. The attacks came just hours after three commercial oil tankers, including the Qatari-flagged Al Rekayyat, were hit by projectiles and a drone w...

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Factories hold, farms falter: HSBC sees uneven momentum in India’s economy

It is starting to seem like India’s factories are holding up but the farms aren’t. The latest HSBC report stated that, as per the bank’s database of 100 growth indicators, only 54% grew positively in May, the softest reading in at least eight months and a sharp drop from 73% in January,...

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Fertiliser bill may stay around budget estimate of Rs 1.71 lakh cr – Is rain deficit the real reason?

A sharp correction in imported fertiliser prices after the US-Iran peace deal, coupled with a likely reduction in Kharif crop area due to El Nino and a weak monsoon could help the government keep its fertiliser subsidy expenditure in FY27 close to the Budget Estimate of Rs 1.71 lakh crore, official sources to...

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MARKET & FINANCE

AI boom drives intangible investment to record level: UN

GENEVA: The AI boom has helped drive investments in intangible assets such as software, data and research to a record high in 2025, the United Nations' patent and innovation agency said Wednesday. These investments, which encompass research and development, software and data, brands, design and organisatio...

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Back with a bang! Foreign investors bet on financials, record fortnightly inflows seen in second half of June

Foreign Portfolio Investors or FPIs are back on Dalal Street! FPIs turned buyers of financial stocks in the second half of June, purchasing shares worth Rs 14,634 crore after selling Rs 11,263 crore during the first half of the month. The reversal was driven by inflows related to the rebalancing of global equ...

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India bonds dragged by rise in oil prices, Treasury yields on fresh US-Iran hostilities

Indian government bonds slip in early trades on Wednesday, after a flare-up in Middle East tensions pushed oil prices and Treasury yields above key near-term psychological levels. The benchmark 6.94% 2036 bond yield was at 6.7246% as of 10:00 a.m. IST, after closing at 6.6958% in the previous session. Bond...

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Global Market: Japanese bond yields climb to multi-decade highs amid inflation and fiscal concerns

Japanese government bond (JGB) yields surged on Wednesday, with long-term borrowing costs climbing to their highest levels in nearly three decades, as investors grew increasingly concerned about persistent inflation and the government's expansive spending plans, according to Reuters. The benchmark 20-year ...

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S&P flags risks to Indian microfinance lenders' $35 billion book

Indian microfinance lenders are coming under renewed pressure as weak monsoon prospects and rising prices threaten rural incomes, increasing default risks across the sector's $35 billion loan portfolio, reported Bloomberg. “A weak monsoon could slow loan growth as lenders tighten underwriting standards and...

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FCNR(B) FD vs NRE FD: Where can NRIs earn more on $50,000 investment? Compare returns, currency risk and tax benefits

Non-resident Indians (NRIs) and Overseas Citizens of India (OCIs) have the option of investing in Foreign Currency Non-Resident- FCNR(B)- and Non-Resident External Account (NRE) products such as fixed deposits (FDs) to generate a stable income from India. Both FCNR(B) and NRE FDs come with varied interest rat...

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GLOBAL CORPORATE

Beijing Is Looking at Curbing Overseas Access to China's Top AI Models, Sources Say

Chinese authorities have held meetings with top tech firms over the past month about potentially restricting overseas access to China's most advanced AI models, including those yet to be released, three people familiar with the discussions said. The talks follow a number of steps by Beijing to keep homegro...

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US Tariffs on Brazilian Instant Coffee Would Hit US Consumers and Businesses, Industry Says

A proposed U.S. tariff of 25% on Brazilian instant coffee risks increasing costs for U.S. businesses and consumers by disrupting supplies of a product the country largely imports, Brazil's instant coffee industry said. More than 90% of Brazil's instant coffee is destined for the U.S., accounting for more ...

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Exxon Signals Q2 Profit Windfall as Higher Oil Prices Boost Bottom Line

U.S. oil and gas major Exxon Mobil signaled on Tuesday that its second-quarter earnings could see a boost of about $5 billion compared to the previous quarter, as oil prices spiked during the U.S.-Israeli war with Iran and the company's refining margins also improved. Investors scrutinize Exxon's earnings ...

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FCC Denies US Firm With Chinese Links Approval to Provide Telecom Services

The Federal Communications Commission said on Tuesday it is adding California-based Digitalsystem Technology to a list of companies posing risks to U.S. national security, citing links to Chinese telecom firms and its ownership by a Chinese national. The FCC also said it was denying the Los Angeles-based I...

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From Factory to Tech Frontier: China Becomes Legacy Automakers' Innovation Engine

In May, General Motors marked a rare milestone for a foreign automaker in China, selling more than 10,000 of its new Buick Electra E7 in the first month. While the nameplate is all-American, everything else about the car is Chinese — it was developed entirely at the technical centre GM runs with local part...

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Germany Could Gain From Planned U.S. Port Fees on China-Built Ships, DIW Says

Germany could benefit from planned U.S. port fees on merchant ships built in China, with its exports to the United States potentially rising by around 2% compared with a scenario without fees, according to a study by the German Institute for Economic Research (DIW) seen by Reuters on Wednesday. The reason ...

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American giants warn higher tariffs on India & others may backfire on US' manufacturing

Top companies, including American giants, have cautioned USTR that its move to impose additional tariff of up to 12.5% on 60 countries, including India, will push up costs for consumers and businesses, with several of them seeking exemptions for specific products. "The practical effect would be to make it ...

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119,494 techies laid off in 2026: Microsoft, Oracle, and Google lead a list of 219 firms

AI is driving a major restructuring in the tech industry in 2026. Unlike 2025, where brands used AI as an excuse to balance excess hirings, companies are using AI-driven automation as the major reason behind layoffs. Tech giants are sacking thousands of engineers, managers, and support staff because companies...

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INCOME TAX

ITR Filing 2026: Income Tax Department Releases Excel Utility For ITR-5; Check Who Can Use It

The income tax department on Wednesday said it has released the Excel Utility for ITR-5 for the assessment year (AY) 2026-27, enabling eligible taxpayers to file their income tax returns through the e-filing portal. The ITR-5 form is meant for taxpayers such as companies, societies, trusts, limited liability ...

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Man gets 23 flats from builder, seeks tax exemption on all units after Rs 8 crore LTCG demand; ITAT says this

A Joint Development Agreement (JDA) can trigger capital gains tax even before a landowner receives or sells the flats promised under the deal. However, if those flats qualify for exemption under Section 54 or 54F of the Income-tax Act, the tax may eventually become nil. In a ruling that could benefit many ...

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Banking

Green deposits grow, but compliance deters banks

Three years after the Reserve Bank of India (RBI) introduced the green deposits framework, the product remains a tiny fraction of the banking system, raising questions over whether the additional compliance burden is worth the effort for banks and depositors. Green deposits are fixed deposits whose proceed...

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Strong credit growth, treasury gains to support banks’ Q1 earnings

Robust credit growth of 17.7% in the first quarter — the highest in nearly two years — along with strong treasury gains and stable asset quality is expected to support banks’ profitability. However, pressure on net interest margins (NIMs) is likely to persist as much of the incremental lending has been funded...

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GLOBAL ECONOMY

France's 2026 Deficit Target at Risk as Growth Outlook Cut, Minister Says

France is at risk of missing its deficit-reduction target this year as the growth outlook deteriorates and may need to take additional savings measures, Finance Minister Roland Lescure said on Tuesday....

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UK Will Need Vast Fiscal Tightening to Avert Debt Spiral, OBR Predicts

Britain will need extra tax rises or spending cuts equivalent to the entire education budget early next decade to prevent government debt spiralling higher from current levels, the Office for Budget Responsibility said on Tuesday....

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Canada's Trade Surplus in May Jumps to a Four-Year High as US Exports Surge

Canada's trade surplus widened to a four-year high in May, with exports rising for the fourth consecutive month, as goods shipped to the United States topped their highest level since February last year, data showed on Tuesday. ...

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US May Trade Deficit Widens as Capital Goods Imports Hit Record High

The U.S. trade deficit widened sharply in May as imports of capital goods surged to a record high, suggesting that trade remained a drag on gross domestic product in the second quarter....

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Canada's Ivey PMI Falls to Three-Month Low in June

Canadian economic activity expanded at a slower pace in June as measures of employment and prices fell, Ivey Purchasing Managers Index (PMI) data showed on Tuesday....

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US Consumers' Near-Term Inflation Expectations Rise in June, New York Fed Says

U.S. consumers grew more concerned about near-term inflation pressures in June even as their worries about gasoline prices eased and were more upbeat about current and future personal finances, a New York Federal Reserve report sh...

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Australia Central Banker Says Oil Shock Yet to Slow Economy

The recent oil shock has led to falls in Australia's consumer and business confidence but so far there are few signs of a marked slowdown in activity, a senior central banker said on Wednesday....

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INDIAN CORPORATE

By FY30, one in every 5 cars sold in India will be a Tata, says chairman Chandrasekaran

Tata Motors has laid out an aggressive five-year growth strategy for its passenger vehicle business, targeting annual sales of more than 1.2 million units by FY30, a 20 percent market share in domestic passenger vehicle segment an...

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SAIL, Indonesia's PT Krakatau Steel sign MoU to explore stainless steel JV

State-owned Steel Authority of India (SAIL) has signed a memorandum of understanding (MoU) with Indonesian steelmaker PT Krakatau Steel (Persero) Tbk. to explore setting up a joint venture for manufacturing stainless steel slabs i...

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Less than 50% foreign holding in Swiggy now

Swiggy has again signalled that it wants to become an Indian-owned and controlled company, even as its latest disclosure stops short of marking any change in its legal or operating status. The company said on Tuesday that its fore...

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Premier Energies secures 1,846 MW solar cell orders worth Rs 3,011 crore

Renewable energy firm Premier Energies has bagged order wins worth Rs 3,011 crore for the first quarter of financial year 2027, the company said in its regulatory filing. These contracts comprise supply of solar cells scheduled ac...

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Tata Power lays out 2030 roadmap, targets Rs1 lakh crore revenue

Tata Power aims to nearly double its revenue to Rs 1 lakh crore and raise its profit after tax (PAT) to Rs 10,000 crore by 2030, on the back of aggressive bets in renewable energy, transmission, distribution and nuclear power, Cha...

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COMMERCIAL LAW

Report proposes 'India-Plus Contribution Scorecard' to boost FDI

The country should adopt an 'India-Plus Contribution Scorecard' to promote foreign direct investment (FDI) by rating investors on measurable economic contributions such as productivity, exports and technology transfer, while maint...

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FDI inflows to India increased by 44% to $39 billion in 2025: UN

United Nations, Foreign Direct Investment inflows to India increased by 44 per cent in 2025 to USD 39 billion, according to the UN, which said the country continued to strengthen its position as a major investment destination. ...

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