Business

The government has set facility-wise LPG production targets for 21 refineries and upstream companies, creating a domestic supply buffer against import disruptions. The framework mandates infrastructure upgrades, storage capacity and higher production during shortages to reduce India’s dependence on imported cooking gas

Six companies, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart, are set to raise nearly Rs 5,600 crore through IPOs next week. The issues will support expansion, capital expenditure and debt repayment, taking the number of 2026 IPOs to 54

Domestic institutional investors remained consistent buyers, investing Rs 38,715 crore over the past month, while foreign investors resumed buying after heavy selling. However, rising crude oil prices, geopolitical uncertainty and mixed global cues pressured Indian equities, with Sensex and Nifty ending lower 

Foreign institutional investors remained net buyers in India for the third consecutive week, purchasing Rs 1,228.24 crore, while domestic institutions bought Rs 7,768 crore. The Nifty fell 0.8 per cent as elevated crude prices weighed on sentiment.

Gold prices rose 0.86 per cent weekly as weaker US economic data strengthened expectations of steady Federal Reserve interest rates. MCX gold and silver also gained, while crude oil remained volatile amid Middle East tensions and developments around the Strait of Hormuz

Prime Minister Narendra Modi highlighted India's growth in electric vehicles, bioeconomy and aviation during his Independence Day speech. He said EV sales rose sharply, while the bioeconomy expanded significantly, creating new opportunities for young people and strengthening India's emerging industries

Indian equity benchmarks Nifty and Sensex posted weekly losses after two consecutive weeks of gains, as rising crude prices and global uncertainty weighed on sentiment. Better corporate earnings, stable rupee and improved FII participation provided some support.

Reliance Industries and Rolls-Royce have announced plans to jointly develop a sovereign combat engine for India’s AMCA fighter programme. The companies will explore an Aerospace Gas Turbine Complex in India covering engine design, manufacturing, testing and support, strengthening indigenous defence capability

The rupee gained 3 paise to close at 95.42 against the US dollar, supported by a weaker greenback overseas. However, foreign fund outflows, elevated crude oil prices and geopolitical uncertainties kept pressure on the domestic currency

Indian equity benchmarks ended lower on Friday as rising oil prices and uncertainty over the Strait of Hormuz weighed on investor sentiment. The Sensex fell 71 points and the Nifty declined nearly 30 points amid cautious trading.

RBI’s recent liquidity measures and regulatory reforms could help India’s banking sector attract nearly $50 billion in capital, strengthening liquidity and capital buffers. A Uniqus Consultech report said FCNR(B) deposits and policy changes have boosted foreign currency inflows

Gold and silver prices fell sharply on MCX Friday amid heightened geopolitical uncertainty following US warnings of economic measures against Iran. Gold futures declined 0.8 per cent, while silver dropped 1.27 per cent, with technical indicators pointing to continued near-term pressure

Direct EXIM cargo movement at Kerala’s Vizhinjam International Seaport will begin August 18, marking its shift from a transshipment hub to a gateway for Indian overseas trade. The move is expected to boost Kerala’s economic benefits and strengthen regional maritime connectivity

Indian equity benchmarks opened lower on Friday as elevated crude prices and foreign investor selling weighed on sentiment. Sensex fell 332 points while Nifty declined 84 points. Analysts expect near-term consolidation between 23,800 and 24,400, with mid-small caps remaining active

The rupee gained 2 paise to 95.43 against the US dollar in early trade on Friday, supported by a weaker greenback. However, foreign fund outflows, rising crude oil prices and geopolitical uncertainties kept the Indian currency under pressure

India’s space sector now has around 440 registered startups, with 18 startups among 52 entities receiving IN-SPACe authorisations for various activities. The government said private space companies are expected to undertake more than eight commercial rocket launches over the next two years

The rupee weakened 12 paise to 95.45 against the US dollar on Thursday as weak domestic markets, foreign fund outflows and geopolitical concerns pressured investor sentiment. Strong dollar demand also weighed on the currency, while crude prices and RBI intervention offered support

Tata Trusts has begun the process of selecting the next Tata Sons chairman after N Chandrasekaran decided against seeking reappointment beyond February 2027. The Sir Dorabji Tata Trust will constitute a Selection Committee to ensure an orderly leadership transition

Tamil Nadu Chief Minister C Joseph Vijay witnessed the signing of 97 MoUs involving investment commitments exceeding Rs 67,000 crore at the Vettri Tamil Nadu Investors Conclave 2026. The projects are expected to create over one lakh jobs across key sectors

Paytm parent One 97 Communications’ shares fell after SEBI issued show-cause notices to top executives, including CEO Vijay Shekhar Sharma and CFO Madhur Deora, over the timing of a December 2023 announcement regarding curbs on small personal loans

US shippers including FedEx, UPS and DHL have begun passing tariff refunds to customers after the Supreme Court struck down Trump-era tariffs. While direct refunds are reaching some consumers, major retailers may lower prices instead, amid dozens of class-action lawsuits over tariff costs

Bharti Airtel has discontinued all prepaid plans offering 1.5 GB data per day with unlimited calling, including the popular Rs 299 plan. Customers must now opt for higher-priced packs such as the ₹349 plan, which offers unlimited 5G data.

Targeted, risk-based scrutiny—not blanket vesting powers—is the way forward to balance national security concerns with legitimate humanitarian work

Gig workers associated with Zomato, Swiggy, Blinkit, Ola, Uber and Urban Company can now build a retirement corpus through the National Pension System, with contributions starting at Rs 99. PFRDA has introduced a flexible framework allowing workers to invest at their own pace