The Indian rupee weakened 6 paise to 96.42 against the US dollar in early trade on Tuesday, pressured by geopolitical uncertainty weighing on most Asian currencies. It opened at 96.41 in the interbank market before touching 96.42. Forex traders attributed the slide to climbing crude oil prices amid renewed tensions and stronger demand for the dollar as a safe-haven asset.
Gold and silver rose on India's MCX on Tuesday morning as easing crude oil prices, following the end of US airstrikes on Iran, lifted precious metals. Around 9:15am, MCX August gold gained 0.63% to ₹1,42,279 per 10 grams, while September silver climbed 1.11% to ₹2,20,825 per kilogram. Brent crude slipped below $90 a barrel amid diplomatic efforts to end the conflict.
India's beer industry faced a difficult operating environment in FY26, chiefly due to escalating Middle East tensions, said Vivek Gupta, Managing Director and CEO of United Breweries Ltd. In the company's annual report filed with the BSE on Monday, Gupta cited global supply-chain volatility, can shortages, and higher energy and packaging costs that raised input prices and deepened uncertainty.
India's largest carrier IndiGo said on Monday it will order over 1,000 engines from CFM International to power 510 aircraft from the A320 neo family. The memorandum was signed at the Farnborough International Airshow in the UK. CFM is an equal joint venture between GE Aerospace and Safran Aircraft Engines. Chief executive designate Willie Walsh cited the LEAP engine's reliability.
India deposited its instrument of acceptance on Monday to become a party to the WTO Agreement on Fisheries Subsidies, the Commerce Ministry said. The pact bars state support for illegal fishing and overfished stocks, covering marine wild-capture fishing but not aquaculture or inland fisheries. Adopted by consensus in Geneva in June 2022, it took effect on 15 September 2025.
The Supreme Court on Monday said insurers often draft ambiguous and sloppy policies to escape liabilities they should bear, leaving ordinary policyholders to suffer and slowing motor accident compensation claims. A bench of Justices Sanjay Karol and N. Kotiswar Singh said standard-form contracts must use clear, precise language, and that any cover for extra-territorial jurisdiction must be spelled out explicitly.
India's core industrial sectors expanded 5% in June 2026, the quickest pace in five months, in the first release of a rebuilt Index of Core Industries. The Commerce Ministry shifted the base year from 2011-12 to 2022-23, added iron ore as a ninth sector and revised weights and estimation methods. Iron ore led the index with 43.9% growth.
US indices opened firmer on Monday as semiconductor shares recovered from last week's steep selloff, with traders positioning ahead of quarterly results from the largest technology companies. At the open the Nasdaq Composite added 200.6 points to 25,720, a gain of 0.79%, while the S&P 500 rose 31.5 points to 7,489. The Dow was barely changed at 52,154.
Minister of State for Petroleum Suresh Gopi told the Rajya Sabha in a written reply on Monday that no decision has been taken to raise ethanol blending in petrol above the current 20%. Any increase would follow detailed scientific and technical study and consultation with carmakers, oil marketing companies and research institutions. He said no substantiated complaints about engine damage had been received.
The Gujarat cotton yarn maker told exchanges its directors will meet on 23 July to consider issuing one bonus share for every share held, funded by capitalising free reserves rather than new money, plus a final FY26 dividend of up to Rs 10 per share. Listed on 6 July at Rs 136, the stock currently trades below its issue price.
Minister of State for Finance Pankaj Chaudhary told the Lok Sabha in a written reply on Monday that no proposal to abolish long-term capital gains tax on equity transactions is currently under consideration. The question had pressed for a timeline, arguing a rollback would lift sentiment and level the field between domestic and foreign investors. The answer ends months of speculation.
IDBI Bank reported net profit of Rs 2,115 crore for the quarter ended 30 June 2026, a rise of 5% from a year earlier, with net interest income up 10%. The lender released the results on Monday. Only the headline figures were published initially, with asset quality, provisions and margin detail still to be disclosed in the fuller statement.
The Nifty Pharma index climbed 1.65% on Monday even as the wider market slid, with Torrent Pharmaceuticals and Mankind Pharma gaining over 3% and Cipla, Divi's, Laurus Labs and Alkem more than 2%. Tatva Chintan Pharma Chem surged 20% to a 52-week high of Rs 1,714.10 on strong Q1 results. The Sensex was down 671 points as crude climbed.
The BSE Sensex fell 523.22 points to 77,628.23 and the Nifty dropped 134.10 to 24,198.25 in early Monday trade, weighed down by heavy selling in HDFC Bank and a jump in crude prices driven by US-Iran tensions. Kotak Mahindra Bank, InterGlobe Aviation, Maruti and Bajaj Finance also lagged, while Reliance gained about 1% on record June-quarter core profit.
Private lenders sold off in early Monday trade after first-quarter results, dragging the Nifty Private Bank index down about 2.72%. HDFC Bank and Axis Bank led the decline with losses exceeding 5% each, while Kotak Mahindra Bank and Yes Bank each shed more than 3%. ICICI Bank ran counter to the selling, climbing as much as 2.47%.
Several new British brands are expected to enter the Indian retail market, giving shoppers more choice. Duty cuts should help, but a weaker rupee may delay any immediate price reductions. Some brands are holding off on price increases and trimming costs in selected categories, while global supply-chain strain and currency swings continue to shape pricing decisions.
Industry executives want the government to rework parts of the Companies Act amendment bill, seeking greater flexibility in how general meetings are held. Proposed auditor cooling-off periods have drawn particular concern, with firms arguing they could restrict professional capacity and push up costs. The government says the changes aim to strengthen audit quality and auditor independence.
India's booming futures and options market needs stronger retail safeguards, analysts argue, describing small traders as bringing knives to a gunfight. SEBI research shows algorithmic trading generates 97 percent of institutional profits and 96 percent of proprietary trading profits in the segment, leaving individual participants structurally disadvantaged against automated systems.
The EPFO has introduced automatic provident fund transfers for eligible members, removing much of the paperwork when switching jobs. Subscribers are advised to confirm details such as KYC status, Universal Account Number linkage and service history before the balance moves, since mismatched records can stall the transfer or create discrepancies in the new account.
Taxpayers who receive a notice from the Income Tax department should follow a defined process rather than panic, experts advise. The guidance covers identifying the type and section of the notice, verifying it on the tax portal, gathering supporting documents and responding within the stipulated deadline to avoid penalties or escalation.
Quarterly results from Alphabet, Intel and Tesla will dominate Wall Street's attention in the coming week. The economic data calendar is comparatively light, but several reports could still move sentiment. Investors are watching the technology heavyweights closely for signals on AI-related spending and demand across the sector.
Forming a Hindu Undivided Family can help manage tax efficiently, since a HUF is treated as a separate taxable entity under income tax law with its own exemption limit. Experts caution that families should first understand who can create one, how assets are pooled, and the long-term implications for partition and control.
Investors who manage their own money should keep the process simple, argues a core-satellite approach set out by Venkatesh Bangaruswamy. A plain core portfolio may not outperform a benchmark index, but it can still meet personal goals. Limiting investment choices curbs future regret, while systematic investment plans counter present bias, the pull to spend today rather than save.
The National Stock Exchange launched Electronic Gold Receipts in May 2026, an exchange-traded segment for buying and selling gold electronically while retaining ownership of the physical metal. The framework traces to SEBI's Gold Exchange and Vault Managers rules approved in September 2021, EGRs being notified as securities that December, and a risk management framework issued in April 2022.
Gifts from parents to non-resident children are exempt from tax in India, and interest earned on NRE accounts and deposits is fully tax-free for those classified as non-residents under FEMA. Interest on NRO accounts, by contrast, remains taxable — a distinction families should account for when structuring transfers abroad.
Aadhaar linking and updated KYC records are mandatory to access several EPF services, making the process essential for subscribers. A step-by-step route through the retirement body's official portal lets members update identity and bank details themselves, reducing the risk of stalled claims, delayed withdrawals or blocked transfers when changing jobs.
The government has relaxed norms under its production-linked incentive scheme for advanced chemistry cells while lowering subsidy levels, aiming to attract more energy-storage players. A 10 GWh tender floated on July 15 completes the wider 50 GWh initiative under the Rs 18,100-crore programme, signalling a shift in policy priorities.
The AI boom has unleashed enormous spending on infrastructure, startups and data centres, but the question of who ultimately profits remains unsettled. Analysts trace the cash flowing between OpenAI, Nvidia and large technology firms, and flag concerns about sustainability should a major player such as OpenAI falter.
Reliance Retail plans to rapidly scale its online business, expand dark stores and strengthen omni-channel capabilities through FY27, CFO Dinesh Taluja said. Setting out a three-year roadmap, he said the company would assess individual markets and direct investment accordingly rather than expanding uniformly across regions.
The income tax department has made a secondary address field mandatory across all ITR forms for assessment year 2026-27, requiring taxpayers to supply additional communication details. Officials say the change should improve the delivery of notices and correspondence, reducing cases where taxpayers miss deadlines because letters fail to reach them.
The 8th Pay Commission is still deliberating before issuing recommendations on pay, allowances and salary structure. Around one crore people stand to benefit — roughly 50 lakh serving central government employees and 65 lakh pensioners, including defence personnel — across 18 employee levels. Staff body NC-JCM wants several of those levels merged to compress the pay structure.
Economist Nouriel Roubini, who earned the nickname 'Dr Doom' for warning about the 2008 crisis, struck an unusually optimistic tone on artificial intelligence. Speaking to Bloomberg TV, he predicted economic growth could reach 10 percent by 2050, while cautioning that AI and robotics will replace many jobs — meaning simply raising the retirement age will not fix Social Security.
Packaged foods maker iD Fresh Food expects its international business to outpace domestic operations over the next two years as competition sharpens in India's ready-to-cook category. Domestically the company is prioritising margin improvement while accelerating launches into newer segments such as snacking, helped by rapid quick-commerce growth, as it works towards being IPO-ready by October 2027.
A number of state governments are preparing Dearness Allowance increases for employees and pensioners, following the Centre's revision announced in April and effective from January 1. The Centre typically updates DA twice a year using All-India Consumer Price Index data, with announcements in March and October, to offset rising living costs.
Buyers of higher-value cars often overlook a refund they are owed. Dealers collect 1 percent tax at source when a vehicle exceeds the prescribed value, but this is advance tax rather than an extra charge. When filing an income tax return, the TCS recorded against a buyer's PAN can be set against total liability, with any excess refunded.
Businesses and other deductors filing first-quarter TDS and TCS returns for tax year 2026-27 face a new reporting framework under the Income-tax Act, 2025. The due date is July 31, 2026, and this cycle brings new return forms and revised section codes. The department has enabled the forms on the e-filing portal.
Apple has reclaimed the position of world's most valuable company from Nvidia as investors reassess AI bets. Apple was last valued at $4.88 trillion with its shares holding steady, while Nvidia stood at roughly $4.86 trillion following a 3.5 percent decline.
One Army officer began trading futures and options in 2022 after a college friend's suggestion, opening an account with Rs 10,000 and making about Rs 80,000 on his first trades. Three years later he was sitting on Rs 48 lakh in losses. A monthly salary above Rs 1 lakh supplied the liquidity that kept him trading.
Samsung Electronics has cut jobs across its US consumer electronics business, including display and smartphone operations, with most affected staff in New Jersey and Texas. The company told Reuters that 739 positions at Samsung Electronics America in Englewood Cliffs, New Jersey, were hit as part of a plan to relocate its US consumer electronics headquarters to Texas.
The government is considering a fresh incentive framework for the food processing sector that may depart from the existing production-linked incentive scheme, which rewards companies for incremental sales. The food processing ministry is reviewing lessons from the current programme and consulting industry, including on segments such as plant-based proteins and nutrition products.
The Mumbai bench of the Income Tax Appellate Tribunal held that the tax department cannot treat an alleged cash property payment as undisclosed income merely because a taxpayer's name appears in documents seized from a builder. Ruling in Sanjeet Kumar Kedarnath Gupta v. ITO, it deleted a Rs 90 lakh addition made under Section 69A.
Many salaried taxpayers assume ITR-1 applies because salary is their main income, which is not always correct. Income from multiple sources, ownership of certain assets or specific financial transactions during the year can require a different form. With the filing deadline under two weeks away, choosing correctly is the first compliance step.