"business-news"

India launched the SPMEPCI portal to attract global EV makers and boost domestic manufacturing. With reduced import duties and incentives for investment, the scheme supports clean mobility, innovation, job creation, and aims to position India as an EV manufacturing hub

Gautam Adani praised Indian Armed Forces for Operation Sindoor against terror sites, highlighting Adani Defence’s role with drones. He honoured their sacrifices and mourned the Air India crash victims. He emphasised that peace is earned through bravery and vigilance

Basmati exporters in Haryana face severe disruptions due to the Iran-Israel conflict, with 1 lakh tonnes stuck at ports and payments worth up to Rs 2,000 crore delayed. Trade risks have surged amid lack of insurance, affecting prices and exporter confidence

The Wildlife Institute of India warned staff of salary delays for skipping Yoga Day without notice but withdrew the order hours later. The directive, deemed excessive by employees, was clarified as a routine email with no actual action planned

SBI will train its 2.36 lakh employees in financial planning through a tie-up with FPSB India, enhancing customer service and financial literacy. The bank also launched year-round virtual yoga sessions to promote holistic employee well-being and a mindful work culture

Despite Middle East tensions, India’s export sector remains resilient. FIEO notes minor disruptions in Gulf trade, but exporters are adapting through diversification and logistics management. Crude volatility is a concern, but support from the government and RBI ensures macroeconomic stability

India faces crude supply risks due to Strait of Hormuz tensions, but Saudi’s Red Sea route and rising Russian, US, and Latin American oil imports reduce disruption chances. Full closure is unlikely, though short-term delays and freight hikes are expected

About 1,00,000 tonnes of Indian basmati rice for Iran are stuck at ports due to the Israel-Iran conflict. No ships or insurance are available. Exporters face losses, and rice prices have dropped. Talks with the government are planned

Amazon India has launched an at-home diagnostic service in collaboration with Orange Health Labs. The new Amazon Diagnostics offering enables lab test bookings, sample collection in 60 minutes, and digital reports, expanding Amazon’s healthcare portfolio across six major Indian cities

Experts warn that rising tensions between Iran and Israel could severely impact India’s trade with West Asia, disrupt oil shipments via the Strait of Hormuz, and push up prices. Key exports like rice and bananas are particularly vulnerable to delays

India’s coffee exports rose 125 per cent in 11 years, reaching $1.8 billion, on account of a series of measures taken by the Coffee Board of India. Measures include export support, subsidies, and sustainable practices, boosting India's global presence and creating opportunities in specialty coffee and value-added products

India's central bank and top lenders are collaborating on a Digital Payment Intelligence Platform to combat rising digital fraud. The initiative, expected to go live soon, will use real-time data and AI to enhance payment security across the banking ecosystem

Amid rising tensions between Iran and Israel, India has ramped up Russian and US crude oil imports in June, reducing reliance on Middle Eastern supplies. Data shows India’s evolving strategy to ensure energy security amid Strait of Hormuz risks

Central Coalfields Ltd plans to open two new coal mines, aiming to boost production to 110 million tonnes this year and 150 million tonnes by 2030. It will also build four new washeries to improve coal quality for industrial use

Raymond Realty will launch six housing projects in the Mumbai Metropolitan Region in FY26 with Rs 14,000 crore sales potential. The company, post-demerger from Raymond Ltd, will list on stock exchanges on July 1 and aims to enter the Pune market

ONGC has significantly reduced gas flow at its Rudrasagar well in Assam following a blowout on June 12. With support from US experts, containment efforts are progressing, as pressure drops and safety measures like water blanketing and evacuations continue

LIC Housing Finance has reduced new home loan interest rates to 7.50 per cent , effective June 19, following the RBI’s repo rate cut. The move coincides with its 36th Foundation Day and aims to boost home ownership in affordable and mid-income segments

ONGC has made significant progress in controlling the June 12 gas blowout at its Rudrasagar well in Assam. With gas flow rates down and expert support in place, containment efforts continue amid strict safety monitoring and resident evacuations

SEBI Chairman Tuhin Kanta Pandey said there are no remaining obstacles to the NSE’s IPO, pending submission of its DRHP. SEBI is also tightening scrutiny on market manipulation in SME IPOs and derivatives, promising strict action against irregularities

India’s net direct tax collection fell 1.39% to ₹4.59 lakh crore so far this fiscal due to slower advance tax inflows and a surge in refunds. Corporate tax collections declined over 5%, while STT registered a 12% increase