Business

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.

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