Business

Prime Minister Narendra Modi congratulated citizens for India’s 7.8% GDP growth in the April–June quarter, achieved despite global wars, instability, and supply chain disruptions. In a video message, he urged people to embrace Swadeshi and self-reliance, avoid unnecessary foreign holidays, weddings abroad, and gold purchases.

Indian equity benchmarks opened subdued amid weak Asian markets, geopolitical tensions and elevated US bond yields. Sensex and Nifty declined marginally, while FMCG, metal and auto stocks gained. Strong Q1 GDP growth offered support, though crude prices and foreign outflows remained concerns

The Income Tax Department announced that a record 7.8 crore income tax returns (ITRs) were filed for Assessment Year 2026-27 by August 31, surpassing last year’s 7.3 crore filings. This includes over 5.9 crore ITR-1 and ITR-2 filed by the July 31 deadline.

Mineral-bearing States legitimately deserve an equitable share of the economic value generated from their natural resources

India’s economy grew 7.8 per cent in the April-June quarter of FY27, beating expectations and the RBI’s 7 per cent forecast. Despite geopolitical tensions and the Iran conflict, strong domestic activity helped sustain growth, keeping India the fastest-growing major economy

Canara Bank and Union Bank have moved NCLAT challenging NCLT approval of Subhash Chandra’s Rs 6.5-crore personal insolvency repayment plan against creditor claims of Rs 22,006.57 crore. The lenders allege related entities influenced voting, while NCLT upheld the plan

Indian tourists, business travellers and students will soon be able to make UPI payments across Uzbekistan after NPCI International partnered with the country’s National Interbank Processing Centre. The arrangement will enable instant merchant payments through Uzbekistan’s UZQR system

Mumbai property registrations are projected to rise 11 per cent year-on-year to 12,503 units in August 2026, potentially marking a 14-year high for the month. Stamp duty collections are also expected to increase 12 per cent to Rs 1,123 crore

India's national highway toll collections are expected to grow 10-12 per cent in 2027-28, driven by higher toll revisions and steady traffic growth, ICRA said. Collections are likely to moderate in 2026-27 amid slower traffic growth and lower toll rate revisions

Indian Oil Corporation raised LPG production by nearly 30 per cent and operated refineries above 100 per cent utilisation as Strait of Hormuz disruptions threatened energy supplies. IOC also diversified crude sourcing, secured alternative supplies and reported record operating performance

Finance Minister Nirmala Sitharaman urged 3M Chairman William Brown to expand investments in India in research, advanced manufacturing, technology and local supply chains. Discussions focused on leveraging India’s talent and manufacturing capabilities to strengthen domestic and global supply-chain opportunities

 Indian equity benchmarks opened lower on Monday as weak Asian markets and surging crude prices weighed on investor sentiment amid renewed US-Iran tensions. Sensex fell 134 points and Nifty declined 58 points, while metal and IT stocks led sectoral losses 

The Meta's $18 billion settlement marks a belated recognition that harm can be embedded not merely in how social media is used, but in how it is designed

Sugar prices remained above Rs 60 per kg in most retail markets despite government measures to curb inflation, with the all-India average rising to Rs 64.24 per kg. Retail prices are sharply higher despite declining ex-mill rates after duty-free imports

The government has notified the Legal Metrology (Indian Standard Time) Rules, 2026, mandating IST as the single national reference for all legal, administrative, commercial, and official purposes. Effective 180 days after notification, the move aims to eliminate inconsistencies in time sources, strengthen digital and financial systems, and reduce reliance on foreign satellite-based timing.

Seven of India's 10 most-valued companies lost a combined Rs 1.13 lakh crore in market capitalisation last week amid weakness in equities. Bharti Airtel and Reliance Industries led the decline, while TCS, ICICI Bank and SBI bucked the broader market trend

India has emerged as a key petrol supplier to Russia, shipping nearly one million barrels over two months as Ukrainian drone attacks disrupted Russian refineries. The fuel shortage has forced Moscow to increase imports, with Indian refiners helping bridge the domestic supply gap

Tata Motors Passenger Vehicles Ltd is gaining market share in the electric vehicle segment, with EV bookings rising three-fold over six months. The automaker expects strong festive-season demand, although production capacity constraints could limit its ability to fully meet demand

Tim Cook's 15-year tenure at Apple has delivered extraordinary financial growth, expanded services and successful products such as Apple Watch and AirPods. But setbacks including Vision Pro and Project Titan, alongside Apple's cautious AI strategy, pose questions for the company's future.

ONGC is exploring acquiring deepwater drillships or forming a joint venture to secure dedicated offshore drilling capacity under Mission Samudra Manthan. The initiative aims to accelerate deepwater exploration, reduce reliance on foreign rigs and support India’s efforts to boost domestic oil and gas production

IGL has raised CNG prices in Delhi by Rs 3.89 per kg to Rs 86.98, citing surging international LNG prices amid renewed West Asia tensions and disruptions through the Strait of Hormuz. Prices also rose in Noida, Ghaziabad and Gurugram

Gold prices declined nearly 1.86 per cent as stronger US inflation, labour and trade data raised expectations of prolonged monetary tightening. A hawkish speech by Federal Reserve Chair Kevin Warsh further pressured bullion, while silver also retreated from recent highs

India's industrial production grew 6.7 per cent in July 2026, supported by manufacturing and electricity output. Bank of Baroda expects consumption recovery and rural demand to boost growth, though global commodity volatility and supply chain issues may pressure producer margins

Indian equity benchmarks ended lower for the third consecutive week as global interest rate concerns and geopolitical uncertainty weighed on sentiment. The Nifty fell 0.31 per cent, while the Sensex declined 0.36 per cent during the week.