Business

Indian households hold a significant share of global gold, with demand remaining strong despite price fluctuations, a report said. Structural factors, global policy shifts and investment trends continue to support gold as a preferred long-term asset ahead of Akshaya Tritiya

Benchmark indices Sensex and Nifty rose in early trade on Thursday, supported by easing crude oil prices, optimism over US–Iran talks, positive global cues and foreign fund inflows, signalling improving investor sentiment despite recent geopolitical uncertainties.

The rupee appreciated 6 paise to 93.27 against the US dollar in early trade on Thursday, supported by easing crude oil prices and a weaker dollar, though foreign fund outflows and importer demand capped sharper gains.

The Department of Telecommunications and SEBI have signed an MoU to share telecom intelligence to curb financial frauds. The system will enable early detection of suspicious mobile numbers and strengthen coordination to prevent cyber-enabled investment scams across India’s financial markets

The Enforcement Directorate has arrested Amitabh Jhunjhunwala and Amit Bapna, former senior executives of the Anil Ambani-led Reliance Group, in connection with an alleged bank loan fraud and money laundering case. The arrests have been made under the Prevention of Money Laundering Act.

India’s engineering goods exports touched a record $122.43 billion in FY 2025–26, marking a 5 per cent rise over the previous year despite geopolitical tensions, supply chain disruptions, and rising energy costs. EEPC India credited industry initiative, diversification, and free trade agreements for the sector’s resilience.

Chief Economic Advisor V. Anantha Nageswaran has cautioned that India’s inflation outlook faces fresh risks due to rising crude oil and commodity prices triggered by the Iran-US conflict. While India enters this phase with strong macroeconomic fundamentals, policymakers face the challenge of containing inflation without undermining growth.

OpenAI has said India is among the world’s most advanced AI markets, with strong growth in coding and data analysis. However, usage remains concentrated in major cities, highlighting the need to expand access and skills across the country

Tata Motors has rolled out its 10 lakhth vehicle from its Lucknow plant, marking over three decades of operations in Uttar Pradesh. The milestone highlights the company’s focus on green mobility and its strong partnership with the state

India’s gem and jewellery exports reached $27.72 billion in FY26, showing marginal growth in rupee terms despite a decline in dollar terms. Exporters diversified markets, with UAE and Australia contributing to growth amid global uncertainties

Indian equity markets surged with Nifty and Sensex gaining over 1.6 per cent each, driven by easing US-Iran tensions and positive global cues. Broader markets outperformed, while the rupee strengthened slightly amid cooling crude oil prices

Indian Railways has electrified 99.6 per cent of its broad gauge network, carried 741 crore passengers and achieved record freight movement in 2025–26. Major upgrades in safety systems, infrastructure and modern trains have improved efficiency, safety and passenger experience

Gold prices remained steady amid easing US-Iran tensions, which tempered safe-haven demand. Silver, however, saw stronger buying interest. Analysts expect gold to gain momentum above key resistance levels, while downside risks persist if prices breach support levels.

The rupee appreciated 20 paise to 93.15 against the US dollar in early trade, supported by softer crude oil prices and a weaker dollar. Improved sentiment also followed renewed hopes of US-Iran talks, boosting domestic equity markets.

Indian equity markets rallied sharply Wednesday as Sensex and Nifty surged on global optimism and lower crude prices amid US-Iran diplomacy hopes. Gains were broad-based despite recent foreign outflows, with IT and aviation stocks leading the early advance across sectors

Global shocks, driven by inflation and supply chain disruptions, act as a ‘stealth tax’ on vulnerable groups, threatening gender equity

Rising tensions in the Strait of Hormuz amid US-Iran conflict and blockade fears have disrupted global oil supply, pushing crude prices higher. Analysts warn reduced Iranian exports and shipping risks could further strain markets and increase petroleum costs worldwide

State-owned oil companies Indian Oil Corporation, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited are facing rising losses as petrol and diesel prices remain frozen despite high crude costs, increasing financial strain and raising concerns over possible future fuel price hikes

Income Tax Department has introduced Form 141, a consolidated TDS challan replacing four earlier forms for property, rent, professional services, and virtual digital asset transactions, simplifying filing, reporting, and compliance through the e-filing portal

The NCLT has initiated insolvency proceedings against Videocon’s former chairman Venugopal Dhoot as a personal guarantor for loan defaults worth Rs 6,157.57 crore. The tribunal admitted SBI’s plea and appointed a resolution professional to oversee the process

Tata Sons chairman N Chandrasekaran termed allegations at TCS Nashik as serious and ordered a probe led by a senior executive. Police have formed an SIT and arrested seven people in connection with harassment complaints by employees

Godrej Industries Group announced a leadership transition with Pirojsha Godrej set to become chairperson in August, succeeding Nadir Godrej, who will take on an emeritus role as part of a planned generational succession across the conglomerate

Indian stock markets closed nearly 1 per cent lower as US-Iran talks collapsed, raising fears of prolonged conflict and pushing crude oil prices higher, which weighed on investor sentiment across global and domestic markets

Two supertankers carrying Iranian crude have reached Indian ports for the first time in nearly seven years under a temporary US sanctions waiver, signalling a brief resumption of oil trade amid global supply concerns