Business

Indian benchmark indices Sensex and Nifty fell in early trade on Monday due to caution ahead of the July 9 US tariff deadline, weak Asian markets, and foreign fund outflows. Gains in select stocks were offset by broader negative cues.

The rupee weakened by 26 paise to 85.66 against the US dollar on Monday, pressured by FII outflows and a sluggish equity market. However, rising forex reserves, lower crude prices, and a weak dollar helped limit the currency's losses.

President Donald Trump warned of an additional 10% tariff on countries aligning with BRICS’ “anti-American policies,” following criticism from the bloc. He also announced that tariff-related letters and trade deal notifications will be sent out starting July 7.

India’s economy has tripled in a decade, with 6.5 per cent GDP growth in 2024–25 and easing inflation. Strong domestic demand, stable investment, and global confidence are fueling momentum. CPI inflation hit a six-year low, and markets remain resilient and optimistic

New NMC 2025 rules allow non-teaching consultants with experience to become professors without senior residency. Government hospitals with 220 plus beds can become teaching institutes. The reforms aim to expand medical faculty, boost MBBS/PG seats, and strengthen India’s healthcare education

Commerce Minister Piyush Goyal assured traders that India’s free trade agreements will protect national interests and sensitive sectors. Speaking in Srinagar, he said FTAs aim for reciprocal benefits, fair trade, and domestic growth, especially amid US tariff hike talks

Commerce Minister Piyush Goyal praised India’s engineering growth and visited the KIADB Aerospace SEZ, highlighting HAL and Safran's collaboration. Their LEAP engine parts production boosts “Make in India” goals and strengthens India’s role in global aerospace supply chains

Finance Minister Nirmala Sitharaman held key meetings with leaders from Russia, China, Indonesia, and Brazil during BRICS in Rio. Discussions focused on global cooperation, financial reforms, digital payments, climate finance, and boosting voices of developing nations

Public sector banks will recruit around 50,000 personnel in FY25, including 21,000 officers. SBI alone plans 20,000 hires. Meanwhile, the Finance Ministry urged PSBs to prepare subsidiaries for future IPOs by enhancing governance and operational efficiency for better monetisation

The GHMC Commissioner RV Karnan appeal comes in the wake of the Telangana Postal Department complaining about the postmen being frequently denied access or facing unwarranted restrictions while attempting to deliver postal articles in high-rise apartments, gated communities, and multi-storied buildings

The Madhya Pradesh High Court has ordered a retrial, setting aside a 2000 verdict that had favoured Saif Ali Khan’s family. The court cited legal lapses and directed a year-long deadline

Imports from India reached a three-year high, while Pakistan’s exports remained negligible, underlining a significant trade imbalance

Traders are focused on the July 5 OPEC+ meeting, where a third consecutive production hike of 4,11,000 barrels per day is expected to be approved for August

The scope of work includes converting the existing 1x25 kV traction system to a more advanced 2x25 kV system on the Salem Junction–Podanur Junction and Coimbatore Junction–Podanur Junction–Irugur sections.

India's Gini index stands at 25.5, ranking it the fourth most equal country globally, ahead of China and the US, according to the World Bank. This reflects India's success in reducing poverty and implementing inclusive welfare and financial initiatives

Zerodha CEO Nithin Kamath warned that retail trading may be affected if proprietary trading giants like Jane Street withdraw from Indian markets. Kamath's remarks follow Sebi’s order barring Jane Street over alleged market manipulation and impounding over Rs 4,843 crore

US President Donald Trump has signed tariff letters for 12 countries, with potential tariffs up to 70 per cent from August. India’s talks with the US on a trade deal remain unresolved, mainly due to differences over agricultural and dairy imports

India is likely to reach a record 1.15 billion tonnes coal production in FY26, backed by policy reforms and strong demand from the power sector. Domestic output rose sharply in FY25, with Coal India and private miners contributing significantly

On March 26, the US adopted a safeguard measure in the form of a tariff increase of 25 per cent ad valorem on imports of passenger vehicles and light trucks, and on certain automobile parts from India

India has hardened its position on giving duty concessions to American farm and dairy products as these are politically sensitive sectors

With the repurchase, Trip.com’s voting power in the travel booking platform has come down to 16.90 per cent from 45.34 per cent

UPS is applicable to the central government employees who are covered under the NPS and who choose this option under the NPS, which came into effect on January 1, 2004

China has imposed anti-dumping tariffs of up to 34.9 per cent on European brandy, mainly targeting French cognac, amid escalating trade tensions. The move follows EU's probe into Chinese EVs and adds strain ahead of the upcoming China-EU summit

Prashant Pitti pledges 9 crore shares in the company to Motilal Oswal Financial Services. Move comes at a time when the company is already under scrutiny for alleged links with Mahadev Betting App