Economy news

• How the US-Iran war changed India’s trade map

  15-06-2026 23:35 via timesofindia.indiatimes.com
  
  India’s hunt for LPG or cooking gas is behind US moving up, while energy also helped imports from Brazil shoot up 2.8 times to $2.7 billion during this period. Shipments from Peru too were 3.7 times higher at over $2 billion, latest numbers from the commerce department showed. The South American nation is now the 20th biggest import source, compared to 35th in April-May 2025.
  
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• India's silver imports plunge to over three-year low in May, curbs and higher duties hit inflows

  15-06-2026 19:50 via timesofindia.indiatimes.com
  
  India's silver imports plummeted by 87% in May to their lowest in over three years, following government restrictions and increased duties. This sharp decline, with imports falling to $75.57 million and volumes dropping 94%, aims to curb precious metal purchases and ease pressure on the rupee.
  
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• Govt to sell up to 5% stake in GIC at Rs 352 per share; OFS opens June 16

  15-06-2026 19:06 via timesofindia.indiatimes.com
  
  The government is set to divest up to 5% of its stake in General Insurance Corporation of India (GIC) via an offer for sale, opening for institutional investors on June 16. Priced at a floor of Rs 352 per share, this move could raise approximately Rs 3,000 crore. Retail investors can participate the following day.
  
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• RBI tightens mis-selling rules; banks barred from incentive structures that encourage aggressive sales

  15-06-2026 18:27 via timesofindia.indiatimes.com
  
  The Reserve Bank of India has tightened norms for advertising, marketing, and selling financial products, effective January 1, 2027. These revised directions aim to curb mis-selling and hold regulated entities accountable across all distribution channels, including social media influencers and digital marketing intermediaries. The RBI clarified that incentive structures will be reviewed to prevent aggressive sales practices.
  
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• US stock markets today: Wall Street rallies, oil tumbles after US and Iran reaches deal; AI and travel stocks jump

  15-06-2026 16:15 via timesofindia.indiatimes.com
  
  Global stock markets surged Monday as a tentative US-Iran ceasefire agreement to reopen the Strait of Hormuz eased inflation fears and boosted oil prices. Major indices like the S&P 500 and Nasdaq saw significant gains, with AI and airline stocks leading the advance. Bond yields also eased as the likelihood of further interest rate hikes diminished.
  
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• ‘Let oil flow’: What Trump’s possible peace deal with Iran, Strait of Hormuz opening mean for India

  15-06-2026 16:12 via timesofindia.indiatimes.com
  
  The Strait of Hormuz closure has been responsible for global crude oil prices surging and resulting in an economic shock for the world. India, dependent on imports for almost 90% of its needs, has seen the impact.
  
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• India, UK work to resolve issues holding up trade pact implementation

  15-06-2026 15:54 via timesofindia.indiatimes.com
  
  India and the UK are actively engaged in resolving outstanding issues to operationalize their free trade agreement, signed in July last year. Key sticking points include the UK's steel safeguard measures and its proposed Carbon Border Adjustment Mechanism, which could impact Indian exports worth $775 million. Discussions are ongoing to find a resolution.
  
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• India launches producer price index; wholesale inflation gauge to be phased out in five years

  15-06-2026 15:02 via timesofindia.indiatimes.com
  
  India has launched its first Producer Price Index (PPI) data for goods and services, marking a shift from the Wholesale Price Index (WPI) which will be phased out over five years. This move aligns with international practices and aims to provide a more accurate measure of price changes from a producer's perspective, aiding in National Accounts compilation.
  
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• Rupee rallies to five-week high on crude oil plunge; RBI measures add to momentum

  15-06-2026 13:24 via timesofindia.indiatimes.com
  
  The Indian rupee strengthened against the US dollar for a second consecutive day, buoyed by a significant drop in crude oil prices following a preliminary US-Iran agreement. This rise also builds on recent Reserve Bank of India measures aimed at attracting dollar inflows. Traders anticipate further support for the rupee, though its appreciation pace may hinge on the RBI's policy.
  
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• Arvind Panagariya seeks for dedicated privatisation ministry; says govt should revive PSU, bank disinvestment

  15-06-2026 12:35 via timesofindia.indiatimes.com
  
  Former NITI Aayog vice chairman Arvind Panagariya urges the government to revitalize its privatization drive for PSUs and PSBs, emphasizing its importance for economic reforms. He also advocates for a dedicated privatization ministry to expedite the process. Panagariya remains optimistic about FDI inflows, citing investor confidence despite capital outflows and a corrected rupee valuation.
  
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• India's exports rise 18% in May; trade deficit at $28.2 billion

  15-06-2026 12:14 via timesofindia.indiatimes.com
  
  India's merchandise exports surged 18% to $45.2 billion in May, with cumulative exports for April-May reaching $88.91 billion, a 16.09% increase. Despite geopolitical shifts, exports to West Asia remained stable. Gold imports saw a significant 60% jump. Officials anticipate a strong year for Indian exports, buoyed by current positive trends.
  
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• 'First step, not end of the story': FM Sitharaman hints at more measures to attract foreign capital inflows

  15-06-2026 11:33 via timesofindia.indiatimes.com
  
  FM Sitharaman described the recent initiatives taken by the Reserve Bank of India and the government to attract overseas investment as an initial move, signalling that additional measures could follow to encourage greater foreign capital inflows.
  
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• ITR filing FY 2025-26: Can you switch between new and old income tax regime every year?

  15-06-2026 11:02 via timesofindia.indiatimes.com
  
  ITR filing: The question that needs to be answered is: if your tax regime choice can change every year, depending on your financial situation and stage of life, can you switch between regimes every year as well?
  
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• US-Iran war impact: Wholesale inflation rises sharply to 9.68% in May; higher fuel, food, power prices weigh

  15-06-2026 09:13 via timesofindia.indiatimes.com
  
  The Commerce and Industry Ministry on Monday released the latest Wholesale Price Index data based on a revised base year of 2022-23, replacing the earlier 2011-12 series.
  
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• Stocks to buy: What's the outlook for Nifty for June 15-June 19 week? Check list of top stock recommendations

  15-06-2026 08:25 via timesofindia.indiatimes.com
  
  Stock market recommendations: Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities has picked Karnataka Bank, Avalon Technologies as the stocks to buy in the June 15-June 19, 2026 week. Outlook on Nifty50 and Bank Nifty has also been shared:
  
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• US-Iran peace deal lifts markets: Asian stocks soar, dollar slides to June 5 low, oil tumbles & gold jumps 2%

  15-06-2026 07:17 via timesofindia.indiatimes.com
  
  Global markets surged as the US and Iran announced a framework agreement to end their conflict, leading to hopes of lower energy prices and easing inflation. The Strait of Hormuz reopened, causing oil prices to tumble and boosting investor appetite for riskier assets. Asian equities rallied significantly, while the US dollar weakened against major currencies.
  
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• Top stocks to buy: Stock recommendations for June 15, 2026 week - check list

  15-06-2026 05:13 via timesofindia.indiatimes.com
  
  Stock market recommendations: Privi Speciality Chemicals, and Cummins India have been selected as the top stocks to buy for the week starting June 15, 2026 by Motilal Oswal Wealth Management Research Desk:
  
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• Skilled blue-collar talent in demand amid AI surge

  15-06-2026 02:52 via timesofindia.indiatimes.com
  
  “Every AI breakthrough has a physical backbone — power grids need an upgrade, cooling systems must be built, and factories increasingly need to be automated. Behind every intelligent machine, highly specialised human expertise is required,” Viswanath P S, MD & CEO, Randstad India, said. Terming it as a pronounced “labour flip”, he said skilled, technical trades are outpacing traditional, entry-level professional roles.
  
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• Panel to examine metrics as labour market evolves

  15-06-2026 02:50 via timesofindia.indiatimes.com
  
  “The committee shall, inter alia, examine the concepts, definitions, classifications, sampling and measurement frameworks adopted in labour statistics, particularly in the context of the Periodic Labour Force Survey (PLFS),” the terms of reference of the newly formed committee read. It will also review the classification frameworks presently adopted in labour statistics, including industry, occupation, status of employment, and enterprise characteristics.
  
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• Currentvaluations of AI stocks a bubble: CEA

  15-06-2026 02:37 via timesofindia.indiatimes.com
  
  According to the CEA, some companies are presenting AI as a tool that could sharply reduce labour costs and boost profits, creating anxiety among workers and new graduates. “They want to tell the capital owners, you will be rewarded in the process. They have induced a fear in the minds of labour,” he said. Nageswaran cautioned that meaningful assessments of AI’s impact on jobs can only be made after the current wave of market excitement subsides.
  
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• ‘Success of big ticket IPOs could mean market peak is near’

  15-06-2026 02:35 via timesofindia.indiatimes.com
  
  ​Now Dow Jones, Nasdaq Composite and S&, all are in record territories. SpaceX is already listed with a market cap of about $2 trillion and OpenAI and Anthropic are looking for valuations in the range of $1 trillion to $2 trillion each. “My best guess is that when (all) these companies successfully complete their IPOs, we will be in the vicinity of a major market top. There is simply too much money at stake now,” Bonzon said.
  
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• West Asia uncertainty, oil & gold imports hurt Rupee: FM Sitharaman

  15-06-2026 01:58 via timesofindia.indiatimes.com
  
  Finance minister Nirmala Sitharaman said it’s not only the rupee that’s under pressure, as currencies such as the Japanese Yen and the Korean Won had also fallen sharply against the dollar. The minister said the more significant challenge was persistent uncertainty in West Asia, while imports of crude oil, gas, fertilisers and gold were also pushing up dollar demand.
  
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• Is India’s AI moment here? Not yet

  15-06-2026 01:58 via timesofindia.indiatimes.com
  
  At a time when two US AI startups Anthropic and OpenAI are heading towards public listings estimated to be worth several billion dollars, India is barely scratching the surface. For the first time since at least 2000, local companies are understood to be out of the top 10 constituents of the MSCI Emerging Markets (EM) Index. Consider this: TSMC alone accounts for 42% of Taiwan’s benchmark index–thanks to its advanced chips which power the world’s top AI models.
  
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• Oil prices tumble 4% as Trump announces US-Iran deal, Hormuz reopening; Brent falls below $85

  15-06-2026 00:56 via timesofindia.indiatimes.com
  
  Oil prices plummeted as President Trump declared the Iran deal finalised, announcing the immediate, toll-free reopening of the Strait of Hormuz. This move eases fears of energy supply disruptions, with Brent crude and WTI futures seeing significant drops. The breakthrough follows intensive diplomatic efforts, promising a return to normal oil flow through the vital shipping route.
  
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