Business News - Page 4
India's net direct tax collections rise 16.4% to Rs 6.51 lakh crore by July 13
Strong growth in corporate and non-corporate tax collections offsets higher refunds, indicating resilient economic activity and improving tax compliance in the early months
Lessors move to reclaim SpiceJet aircraft as fresh challenges mount
The Directorate General of Civil Aviation (DGCA) has accepted an IDERA request to deregister four SpiceJet aircraft, marking another setback for the financially stressed airline.
India seeks diaspora dollars to strengthen forex reserves amid rupee weakness: Report
The government has asked state-owned banks to step up efforts to attract foreign currency deposits from overseas Indians as policymakers look to bolster external buffers and support the rupee, Bloomberg News reported
SK Hynix ADRs plunge over 9% after blockbuster Nasdaq debut on profit booking
After a strong first day on Nasdaq, SK Hynix's US-listed shares witnessed sharp profit booking, dragging ADRs lower even as the chipmaker continues to benefit from robust AI-driven memory demand.
India's wholesale inflation rises to 9.87% in June as food prices drive fresh surge
India's wholesale inflation rose to 9.87% in June, the highest in recent months, as a sharp increase in food prices outweighed easing fuel inflation. The reading topped economists' expectations, while manufacturing price pressures remained elevated, signalling persistent cost pressures across the economy
China's exports surge at fastest pace since 2021 as AI boom and tariff rush supercharge trade
Semiconductors, rare earths and AI-driven hardware fuel a sharp jump in exports and imports, while looming US tariffs trigger front-loading of shipments.
India's biggest bank privatisation in years nears as Fairfax sweetens IDBI Bank bid: Report
The Centre is reportedly close to accepting a revised offer from Fairfax Financial for IDBI Bank, bringing India's biggest bank privatisation in years closer to completion
South Korea lifts 2026 growth forecast to 3% as AI boom boosts chip exports
South Korea has raised its 2026 growth forecast to 3% as a global AI boom drives semiconductor exports, with the government accelerating investments in chips, AI data centres and advanced technologies
China’s exports jump 27% in June as AI boom, chip demand lift trade; domestic weakness remains a concern
China’s exports jumped 27 per cent in June, powered by AI technology demand, semiconductor shipments and data centre investment. However, weak domestic consumption remains a key challenge for Beijing
Trump promoted crypto as the future. His own portfolio tells a different story: Report
US President Donald Trump has emerged as one of the biggest political supporters of cryptocurrency, calling digital assets the future of finance. But his latest financial disclosures suggest that his personal investment strategy remains firmly tied to traditional assets such as stocks and bonds
Trump’s Hormuz plan: How a 20% ‘security fee’ could reshape the global oil trade
US President Donald Trump’s proposal to charge a 20 per cent fee on cargo passing through the Strait of Hormuz has turned the world’s most important oil chokepoint into a new battleground over the future economics of energy trade. The move comes as Washington reinstates a blockade on Iranian ports, raising concerns over shipping costs, oil prices and inflation risks globally
India's Aditya Birla Group to buy Shell's Sprng Energy in $1.8 billion clean energy deal
Aditya Birla Group's Grasim Industries will acquire Shell's Indian renewable energy platform Sprng Energy in a $1.8 billion deal, boosting its clean energy portfolio to 9.3 GW and making it one of India's largest renewable energy players
Oil jumps nearly 10%, posts biggest one-day gain since 2020 as Hormuz risks return
Oil prices surged nearly 10 per cent, with Brent crude posting its biggest one-day gain since 2020, after renewed West Asia tensions and fresh concerns over prolonged disruptions in the Strait of Hormuz reignited fears over global oil supplies
RBI may hold rates till October; India's GDP growth seen easing to 6.6-6.8% in FY27: Bank of Baroda
BoB Outlook expects inflation to rise within RBI's tolerance band, while higher crude oil prices and global supply disruptions remain key risks to the economy.
India's retail inflation rises to 4.38% in June, crosses RBI's 4% target after 16 months
Higher food and fuel prices, driven by delayed monsoon and West Asia-led crude oil volatility, push retail inflation above the Reserve Bank of India's target, strengthening expectations of interest rate hikes.
India's trade deficit widens to $30.43 billion in June as exports fall amid West Asia disruptions
India's merchandise exports dropped to $40.41 billion in June, pushing the trade deficit above expectations despite lower imports; services trade remained in surplus.
China Q2 GDP growth likely slows to 4.5%, boosting expectations of fresh stimulus
Weak domestic demand, a prolonged property downturn, and softer investment are expected to weigh on China's second-quarter growth despite resilient exports, keeping markets focused on possible policy support from Beijing.
Piyush Goyal denies reports of stalled US trade talks as 'false and misleading
India has rejected a rushed trade deal with the US, seeking better terms on tariffs, agriculture and market access as stronger exports and new trade partnerships boost New Delhi’s bargaining power, Reuters reported
Two-year ban, tighter investment curbs: India markets regulator rolls out new integrity framework
India’s markets regulator has introduced a new integrity framework with a two-year cooling-off period for former officials, stricter investment curbs, and expanded conflict-of-interest rules for employees and their families
India's first monthly services output index: What it means for the economy
Launching on July 14, the Index of Services Production (ISP) will provide India's first monthly high-frequency measure of services sector activity, offering policymakers and investors a timelier view of economic growth.
‘Economic interests cannot trump security’: EU pushes biggest Russia sanctions expansion
The European Union is set to consider its biggest-ever expansion of Russia sanctions, adding around 250 individuals and entities, but disagreements remain over tougher energy and maritime restrictions as some members warn that security must come before economic interests
India–UK CETA: Silver, Scotch and premium cars to become cheaper. What else changes for trade and tariffs?
Silver, premium cars, Scotch whisky and aerospace products emerge as the biggest beneficiaries as India gradually lowers import duties while shielding sensitive sectors such as gold, telecom equipment and aluminium scrap.
Geopolitical turmoil prompts South Africa's biggest strategic oil reserve push since the 1970s
South Africa plans its biggest strategic oil reserve expansion since the 1970s, aiming to strengthen energy security amid geopolitical tensions, supply disruption fears and volatile global crude oil markets
E20 petrol debate: Mercedes-Benz says all BS VI petrol cars are fully compatible
Mercedes-Benz India has clarified that all its BS VI petrol vehicles are fully compatible with E20 fuel after a viral video sparked fresh debate over ethanol-blended petrol and mileage concerns
India-Canada CEPA: After two failed attempts, can Modi-Carney reset deliver the $50 billion trade dream?
India and Canada have concluded the third round of CEPA negotiations, aiming to finalise the trade pact by 2026 and double bilateral trade to $50 billion by 2030. Here is why the Modi-Carney reset faces a crucial test
India-UK FTA: Zero tariffs open UK market, but can Indian MSMEs beat China, Bangladesh and Vietnam?
India-UK FTA comes into effect on July 15, offering zero-duty access to Indian exporters. But MSMEs face challenges from China, Bangladesh and Vietnam as competitiveness, compliance and logistics become key
Oil surges over 3% as Iran expands Gulf strikes after US attacks, Hormuz fears return
Oil prices surged over 3 per cent after Iran expanded strikes on Gulf states following fresh US attacks, reigniting concerns over supply disruptions through the Strait of Hormuz and raising fears of prolonged instability in global energy markets
China blocks helium exports amid Iran war-driven supply crunch
Export curb aims to safeguard domestic chipmaking as conflict-linked disruptions tighten global helium supplies.
India's forex reserves jump $7.26 billion to $674.19 billion as foreign currency assets, gold rebound
RBI data shows broad-based weekly gains across forex reserve components, though overall reserves remain below March-end and year-ago levels.
South Africa's anti-migrant protests threaten jobs, growth and regional economies
Economists warn that an exodus of foreign workers could deepen labour shortages, disrupt businesses and weaken Africa's most industrialised economy.