Economy news

• US Federal Reserve policy meet: Kevin Warsh-led FOMC keeps interest rates unchanged; projects hike by year-end, raises inflation forecast

  17-06-2026 20:06 via timesofindia.indiatimes.com
  
  Markets had broadly expected the US Federal Reserve to keep its benchmark interest rate unchanged, extending the pause that has been in place throughout the year.
  
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• India-UK FTA clears steel hurdle; 85% of Indian exports shielded from British curbs

  17-06-2026 20:03 via timesofindia.indiatimes.com
  
  India has secured protection for 85% of its steel exports to the UK under the upcoming free trade agreement, with the remaining shipments covered by country-specific quotas and other access schemes. This agreement resolves a key sticking point ahead of the Comprehensive Economic and Trade Agreement's operationalization on July 15.
  
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• PNGRB asks oil, gas firms to strengthen compensation for accident victims

  17-06-2026 19:27 via timesofindia.indiatimes.com
  
  Oil and gas firms are urged by PNGRB to boost worker compensation beyond legal mandates for accident victims and their families. While some companies have improved their voluntary payouts, others lag. The regulator is also pushing for enhanced safety culture and training to prevent incidents, aiming for zero accidents in the sector.
  
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• New resource race: G7 joins forces to challenge China’s critical minerals dominance

  17-06-2026 19:22 via timesofindia.indiatimes.com
  
  G7 leaders are uniting to lessen reliance on China for vital minerals, essential for defense and green tech. Plans include coordinated stockpiling, enhanced recycling, and a new platform with the IEA. The goal is to significantly cut dependence on single suppliers by 2030, fostering more secure global supply chains.
  
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• NSE files DRHP for $2-3 billion IPO; Tiger Global, SBI among major sellers

  17-06-2026 19:09 via timesofindia.indiatimes.com
  
  The National Stock Exchange has officially filed for its long-awaited IPO, aiming to raise $2-3 billion. This move follows a nine-year delay due to the co-location controversy. The offer is entirely an 'offer for sale,' with existing shareholders, including Tiger Global, divesting stakes. This listing marks a significant milestone after regulatory hurdles were cleared.
  
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• China's export surge sparks Europe fears as G7 countries weighs response to 'China Shock 2.0'

  17-06-2026 18:25 via timesofindia.indiatimes.com
  
  Europe faces a looming "China Shock" as booming exports, redirected from the US, threaten its industries. G7 leaders are discussing trade imbalances, with concerns that China's manufacturing dominance and sophisticated products could mirror past disruptions. Policymakers are considering tougher trade measures against Chinese imports, particularly in key sectors.
  
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• Fuel, forex and conflict hit airlines: Domestic carriers’ profits may fall 15% this year

  17-06-2026 17:31 via timesofindia.indiatimes.com
  
  Indian airlines anticipate a 10-15% drop in operating profits this fiscal year. Soaring aviation fuel prices, airspace limitations, and a weakening rupee, exacerbated by the Middle East conflict, are significantly impacting the sector. Despite potential fuel price moderation, higher costs and lease rentals will continue to pressure airline finances.
  
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• 'The countdown begins': India-UK FTA to take effect from July 15, UK envoy calls it a 'historic moment'

  17-06-2026 17:01 via timesofindia.indiatimes.com
  
  India and the UK will implement their landmark free trade agreement on July 15, significantly reducing tariffs on key products like whisky and automobiles. This historic pact is set to boost bilateral trade by billions and enhance economic cooperation, with businesses having 28 days to prepare for its benefits.
  
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• 'We are very close to deal': Trump signals progress on India-US trade agreement

  17-06-2026 16:20 via timesofindia.indiatimes.com
  
  US President Donald Trump indicated significant progress in trade talks with India, stating a deal is "very close." This follows intensified negotiations and an upcoming visit by the US Trade Representative to finalize a bilateral trade agreement. Most issues are reportedly settled, with discussions focusing on minor details for the initial phase, expected before July 24.
  
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• US stock market today: Wall Street holds steady ahead of Fed rate decision, oil stays below $80 on Iran deal hopes

  17-06-2026 16:00 via timesofindia.indiatimes.com
  
  Indian markets mirrored global trends as US stocks traded cautiously, awaiting the Federal Reserve's policy decision. Easing oil prices and hopes for a US-Iran peace deal offered support. Technology and AI stocks saw a rebound, while specific companies like La-Z-Boy reported strong earnings, boosting investor sentiment despite broader market indecision.
  
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• Hormuz reopening may not ease fertiliser woes anytime soon, say industry executives

  17-06-2026 15:54 via timesofindia.indiatimes.com
  
  Fertiliser prices may remain high for another three to four months despite a US-Iran peace deal and the Strait of Hormuz reopening. Industry insiders cite the time needed to restart plants and stabilize raw material supplies, particularly sulphur, which faces ongoing shortages. Lingering shipping disruptions and logistical hurdles will also delay a full return to normal.
  
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• ITR filing: How to pay zero tax under new and old tax regime - know all about Section 87A rebate

  17-06-2026 15:15 via timesofindia.indiatimes.com
  
  Section 87A tax relief to resident individuals whose total income is less than the prescribed limits. How does it work? The tax (before cess) is first calculated according to the applicable tax rates and then reduced by the rebate available under section 87A.
  
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• Exports hit record $863 billion in FY26 despite US tariffs & Middle East crisis: Official

  17-06-2026 14:30 via timesofindia.indiatimes.com
  
  India's exports reached an all-time high of $863 billion in 2025-26, demonstrating resilience against global disruptions like the West Asia conflict and US tariffs. Key sectors like engineering goods and petroleum products drove this growth, with Gujarat emerging as a significant export hub contributing $110 billion.
  
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• Stock market today: What are top gainers and losers in BSE Sensex and Nifty50 today? Check list

  17-06-2026 13:05 via timesofindia.indiatimes.com
  
  Indian equity benchmarks Sensex and Nifty extended their gains for a fourth consecutive session on Wednesday, closing higher. Softer crude oil prices, influenced by a US-Iran peace deal, bolstered investor sentiment. Despite continued foreign fund outflows, the indices saw a positive uptick, with Nifty50 and BSE Sensex both registering gains.
  
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• Middle East peace deal: Resuming oil exports, billions in gains — What’s in it for Iran

  17-06-2026 12:16 via timesofindia.indiatimes.com
  
  The US and Iran are set to sign an interim memorandum of understanding in Switzerland, aiming to end a four-month conflict and impose strict limits on Tehran's nuclear program.
  
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• MFI portfolio shrinks 17% in FY24, shows signs of stabilization in Q4

  17-06-2026 11:33 via timesofindia.indiatimes.com
  
  Microfinance lenders saw stabilization in the March 2026 quarter. The industry's portfolio shrank year-on-year but grew sequentially. Lending shifted to existing borrowers. Borrower leverage moderated across key states. Loan sizes increased. Asset quality showed mixed trends with improved 30+ days past due rates but intensified stress in older loan cohorts.
  
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• N Chandrasekaran, Tata Sons’ chairman, opts for no pay hike in FY26

  17-06-2026 11:16 via timesofindia.indiatimes.com
  
  Several group companies have been dealing with cyclical headwinds, while businesses such as Air India continue to navigate challenges arising from an uncertain geopolitical and economic environment.
  
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• Investing in US stocks gets easier: Several Indian trading apps get Gift City go ahead

  17-06-2026 11:03 via timesofindia.indiatimes.com
  
  The approvals place Groww and Upstox alongside firms such as Vested Finance and IndMoney, which already operate as GAPs and provide Indian investors with access to global equities.
  
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• Jio’s $4 billion IPO may be just days away: Here's what to expect

  17-06-2026 09:49 via timesofindia.indiatimes.com
  
  Reliance Jio is reportedly nearing the submission of draft papers for its substantial $4 billion IPO, a move anticipated before Mukesh Ambani's upcoming shareholder address. This potential listing, aiming for a fresh issue to fund Jio's growth, could become one of India's largest stock market debuts.
  
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• Gold price prediction today: Why gold prices will continue to find support in near-term; check June 17, 2026 outlook

  17-06-2026 08:07 via timesofindia.indiatimes.com
  
  Gold price prediction today: Gold prices are holding strongly and buying from central banks is likely to continue supporting the yellow metal, says Vedika Narvekar, Research Analyst - Commodities & Currencies, Anand Rathi Shares and Stock Brokers.
  
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• Taking lessons from China: Why India may ask refiners to maintain significantly larger crude oil inventories

  17-06-2026 07:46 via timesofindia.indiatimes.com
  
  The disruption to shipping through the Strait of Hormuz has challenged a long-standing belief among Indian policymakers that the country's proximity to the crude-rich Persian Gulf reduced the need for large strategic petroleum reserves.
  
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• Rupee continues to rebound: Currency jumps 31 paise to 94.29 against US dollar

  17-06-2026 07:38 via timesofindia.indiatimes.com
  
  The Indian Rupee strengthened significantly against the US dollar on Wednesday, driven by falling crude oil prices and a weaker dollar index. This recovery, fueled by expectations of a US-Iran framework agreement and potential capital inflows, has pushed the rupee towards the 94.00-93.80 zone. Traders are closely watching the upcoming signing of the US-Iran agreement in Geneva.
  
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• How US quietly kept Gulf crude moving despite Iran's Hormuz blockade

  17-06-2026 07:24 via timesofindia.indiatimes.com
  
  The US military is secretly orchestrating ship-to-ship oil transfers in the Gulf to circumvent Iran's blockade of the Strait of Hormuz. This operation, involving smaller tankers transferring oil to larger vessels offshore, aims to keep energy exports flowing despite the crisis. The system relies on compliance checks and monitoring, with millions of barrels moved since early May.
  
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• From passengers to parcels: Noida International Airport to see first cargo flight today

  17-06-2026 05:31 via timesofindia.indiatimes.com
  
  Noida International Airport (NIA) is set to handle its first cargo flight, a domestic departure, just days after commencing passenger operations. This marks a significant step in its development as a key aviation and cargo hub for North India, boasting advanced digital infrastructure and substantial handling capacity designed for efficient operations.
  
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• Oil prices dip near $75 per barrel mark as Middle East turmoil cools

  17-06-2026 03:57 via timesofindia.indiatimes.com
  
  Oil prices have significantly declined, nearing pre-conflict levels as hopes rise for a US-Iran agreement. This potential deal could reopen the Strait of Hormuz, a crucial oil transit route, though full restoration of production may take considerable time. Concerns remain regarding the truce's durability and Iran's control over the strait.
  
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• Inflation starting to take toll on consumers: P&G

  17-06-2026 00:59 via timesofindia.indiatimes.com
  
  Procter & Gamble India is observing a noticeable impact of rising inflation on consumer spending habits, with shoppers becoming more cautious.The company anticipates short-term growth challenges due to ongoing macro-economic uncertainties, including volatile raw material costs and potential monsoon deficits. Despite these headwinds, P&G remains optimistic about India's medium-term economic outlook.
  
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• Yum Brands sells Pizza Hut in $2.7bn deal

  17-06-2026 00:36 via timesofindia.indiatimes.com
  
  Yum Brands is divesting its struggling Pizza Hut chain in a $2.7 billion deal. Private equity firm LongRange Capital will acquire Pizza Hut's global operations, excluding China, for approximately $1.5 billion. India's Pizza Hut business will also fall under LongRange Capital's management. The China operations are being sold to Yum China Holdings for about $1.2 billion.
  
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