Business

Hundreds of Chinese professionals working at Foxconn India units have returned to China in the last two months

Millions of bank workers across India will join nationwide strike on July 9 as unions protest labour reforms and privatisation of public institutions

The cost of vegetarian and non-vegetarian thalis rose by 3 per cent and 4 per cent respectively in June due to a sharp 36 per cent month-on-month spike in tomato prices. Crisil’s report predicts further increases amid seasonal trends and weak summer sowing

The social media platform said the Ministry of Electronics and Information Technology demanded immediate action — within one hour — without providing justification, and required the accounts to remain blocked until further notice

President Donald Trump has imposed new tariffs on imports from Japan, South Korea, and 10 other nations, effective August 1. The move has sparked diplomatic pushback, legal challenges, and market jitters as trade negotiations remain unresolved and uncertainty looms

Says Sebi investigation began in April 2024 during her tenure; calls media allegations of regulatory failure “unfortunate”

US President Donald Trump said the country is close to finalising a trade deal with India, as his administration sends out tariff letters to other nations. India, spared from this round, has three more weeks to conclude an interim agreement

The US has extended the suspension of reciprocal tariffs against India until August 1, offering a temporary relief to exporters. This extension provides negotiators more time to resolve pending issues ahead of finalising an interim India-US trade agreement

Ola Electric has begun rolling out its new MoveOS 5 software to S1 scooters and Roadster X bikes. The upgrade, delivered via OTA, promises better range, improved performance, and a more refined riding experience, especially on the Gen-3 platform

Union Minister Jyotiraditya Scindia met Cisco CEO Chuck Robbins to discuss expanding the tech giant’s presence in India. They deliberated on AI, 6G, cybersecurity, and inclusive growth, building on Cisco’s Chennai facility and India’s emerging role as a digital leader

Indian textile stocks surged after US President Donald Trump imposed a 35 per cent tariff on Bangladeshi goods. Companies like Gokaldas Exports and Vardhman Textiles saw gains. The US warned of further action if Bangladesh retaliates with higher tariffs.

Smartphone brand realme has appointed actor Vicky Kaushal as its brand ambassador ahead of the July 24 launch of the realme 15 Series

The State government is considering handing over the responsibility of operating T-Fibre services to women’s groups in villages. To facilitate this, officials plan to extend loans under the StreeNidhi programme

Over 25 crore workers from various sectors will join a nationwide strike on Wednesday, protesting against government labour policies. The strike is likely to disrupt public services, with unions demanding action on employment, labour rights, and economic policies

At the BRICS summit in Brazil, PM Modi called for securing critical mineral supply chains, global AI standards, and deeper cooperation to support the Global South. He also proposed initiatives like a BRICS Science Repository and announced India’s AI Impact Summit

The UAE has revamped its Golden Visa scheme, offering lifetime residency for AED 100,000 (~Rs 23.3 lakh). This change may reshape Indian investment strategies, shifting focus from residency-based property purchases to long-term, value-driven real estate decisions

JioBlackRock Asset Management, a joint venture between Jio Financial Services and BlackRock, has raised Rs 17,800 crore through its maiden New Fund Offer. The three-day NFO received strong participation from institutional and retail investors, marking a significant debut in the debt fund space

China stated that BRICS is not a confrontational bloc and targets no nation, responding to Donald Trump’s threat to impose extra tariffs on countries supporting BRICS. China reiterated its stance on open cooperation and warned against protectionist trade practices

India’s service sector has become the backbone of the nation’s economic growth, contributing 55 per cent to GVA in FY25. A new report highlights massive growth across IT, BFSI, healthcare, telecom, and e-commerce

Sebi Chairman Tuhin Kanta Pandey said the regulator does not see widespread risks similar to the Jane Street manipulation case. SEBI is planning to enhance surveillance after impounding over Rs 4,843 crore from the hedge fund for index manipulation

The company also secured European Commission authorisation, enabling the launch across the EU and EEA regions

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.