Business

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.

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