Economy news

• Net direct tax collections rise nearly 15% to Rs 5.21 lakh crore; advance tax growth signals strong corporate earnings

  18-06-2026 18:40 via timesofindia.indiatimes.com
  
  Net direct tax collections surged 14.64% to over Rs 5.21 lakh crore by June 17, fueled by strong corporate advance tax payments and increased securities transaction tax. This robust growth signals continued corporate profitability and market activity, keeping the government on track for its ambitious direct tax targets.
  
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• Accenture shares plunge over 14% as Iran war dents outlook, sparks IT selloff

  18-06-2026 17:30 via timesofindia.indiatimes.com
  
  Accenture's shares plunged over 14% after the IT giant cited the Iran war's impact, slashing its annual growth forecast and projecting lower-than-expected quarterly revenue. The conflict cost the company $400 million in its Middle East business.To counter a slowdown, Accenture announced $4.18 billion in cybersecurity acquisitions, signaling a strong push into this growth area.
  
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• PM-Kisan 23rd instalment on June 20: Rs 18,880 crore to be transferred to 9.44 crore farmers

  18-06-2026 16:46 via timesofindia.indiatimes.com
  
  Prime Minister Narendra Modi will release the 23rd instalment of the PM-Kisan scheme on June 20 in West Bengal, transferring Rs 18,880 crore to over 9.44 crore farmers. He will also launch crop insurance schemes, an Agri-Tech platform, and the National Natural Farming Mission, alongside inaugurating rural road projects.
  
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• US stock market today: Wall Street rebounds as oil slides after US-Iran deal; S&P 500, Nasdaq rise over 1%

  18-06-2026 16:01 via timesofindia.indiatimes.com
  
  US stocks rebounded on Thursday, recovering previous losses as falling oil prices and easing Treasury yields boosted investor sentiment following a US-Iran agreement to end hostilities. Technology stocks led the gains, with Intel surging after a manufacturing deal. European markets traded lower, while Asian markets, particularly Japan and South Korea, reached record highs.
  
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• Indian funds in Swiss banks fall 8% to Rs 36,793 crore in 2025, but customer deposits climb 50%

  18-06-2026 15:55 via timesofindia.indiatimes.com
  
  Funds linked to Indian clients in Swiss banks saw an 8% decline in 2025, totaling 3.25 billion Swiss francs. Despite an overall drop, direct customer account deposits surged over 50%. This follows a significant rebound in 2024, with the SNB clarifying data doesn't represent black money.
  
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• How Trump’s policies are turning US dream into a nightmare for Indian students, H-1B visa & green card aspirants

  18-06-2026 15:13 via timesofindia.indiatimes.com
  
  For years, the path has been established - study in the US, get a job there, and eventually vie for a green card that gives American citizenship. That dream is slowly turning into a nightmare with frequent policy changes, immigration restrictions, heightened uncertainties.
  
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• Wipro raises Aggne stake to 80%; invests $2.1 million to deepen insurance tech play

  18-06-2026 15:08 via timesofindia.indiatimes.com
  
  Wipro is increasing its ownership in Aggne Global IT Services to 80% by acquiring an additional 20% stake for USD 2.1 million. This move aims to bolster Wipro's position in the insurance technology sector, particularly in driving AI and IP-led transformations for the Property & Casualty Insurance market. The transaction is expected to conclude by June 30, 2026.
  
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• Stock market today: Which are the top gainers and losers in BSE Sensex and Nifty50 today? Check list

  18-06-2026 14:06 via timesofindia.indiatimes.com
  
  Indian equity benchmarks Sensex and Nifty extended their winning streak to a fifth consecutive session on Thursday, driven by falling crude oil prices and optimism surrounding a US-Iran peace deal. The markets closed higher, with gains seen across various sectors, despite some caution due to US Federal Reserve remarks.
  
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• NSE warns of regulatory, tech and AI risks as IPO papers reveal reliance on derivatives business

  18-06-2026 12:36 via timesofindia.indiatimes.com
  
  National Stock Exchange flagged significant risks in its IPO filing, including regulatory changes, technology failures, and cyberattacks. Heavy reliance on derivatives trading for revenue, contributing over 78% of operating income, makes it vulnerable to Sebi's tightening measures. AI also presents new challenges, potentially amplifying market volatility and creating new manipulation forms.
  
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• NSE mega IPO: All you need to know about the Rs 30,000 crore offering

  18-06-2026 12:10 via timesofindia.indiatimes.com
  
  The National Stock Exchange of India has filed its draft red herring prospectus for a massive IPO, aiming to raise approximately Rs 30,000 crore. This offering is set to become India's largest corporate market debut, surpassing the Rs 27,859 crore IPO of Hyundai Motor India.
  
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• India-UK social security pact to slash costs for firms; up to 95% of Indian professionals to gain

  18-06-2026 11:58 via timesofindia.indiatimes.com
  
  Thousands of Indian professionals in Britain will soon stop paying dual social security contributions, a major win from the new India-UK pact. This agreement, effective July 15, exempts temporarily deputed employees from host country contributions for up to five years, significantly easing costs for Indian IT firms and boosting bilateral trade.
  
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• India eyes $2.5 billion loans from World Bank, ADB as subsidy costs rise

  18-06-2026 11:19 via timesofindia.indiatimes.com
  
  India is in discussions with the World Bank and Asian Development Bank for approximately $2.5 billion in loans to support urban infrastructure and job creation. This move aims to bolster capital for government spending, which has been impacted by rising oil prices and increased subsidy expenditures due to the Middle East conflict.
  
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• Iran-US peace deal signed: 62 million barrels set to leave Hormuz as Asia braces for oil glut

  18-06-2026 08:32 via timesofindia.indiatimes.com
  
  The Strait of Hormuz is set to reopen after a US-Iran deal, potentially flooding Asian markets with millions of barrels of crude. Refiners, already well-supplied and reducing processing, now face worries of oversupply. This shift from earlier fears of shortages is reflected in falling oil prices and market contango.
  
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• Trump sanctions waiver on Russian crude expires: What it means for India amid US-Iran peace deal, Strait of Hormuz opening

  18-06-2026 08:27 via timesofindia.indiatimes.com
  
  The US Treasury did not issue an extension on Wednesday for its sanctions waiver covering Russian seaborne oil, which expired at midnight. However, neither President Donald Trump nor senior administration officials clarified whether the lapse would result in the sanctions being reinstated.
  
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• Gold, silver price prediction: Gold, silver prices are headed this way in the near-term - check outlook on June 18, 2026

  18-06-2026 07:59 via timesofindia.indiatimes.com
  
  Gold and silver price prediction today: Gold prices are consolidating and silver prices are exhibiting a sideways to bullish bias, says Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group.
  
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• India-US trade deal: PM Modi, Trump push for ‘balanced, commercially meaningful’ pact at earliest

  18-06-2026 07:03 via timesofindia.indiatimes.com
  
  Prime Minister Modi and President Trump met at the G7 Summit, directing officials to finalize a balanced and commercially meaningful trade agreement. Discussions also covered progress under the India-US COMPACT initiative, spanning defense, technology, energy, and trade. Both leaders reaffirmed their commitment to strengthening the Comprehensive Global Strategic Partnership.
  
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• Rupee slips again: Currency tumbles 21 paise to 94.66 against US dollar

  18-06-2026 06:34 via timesofindia.indiatimes.com
  
  The Indian Rupee weakened against the US dollar on Thursday, influenced by the US Federal Reserve's hawkish stance and a strengthening dollar index. Asian currencies also saw declines, impacting the rupee. Meanwhile, positive sentiment emerged from reports of a US-Iran memorandum of understanding and progress on a US-India trade agreement.
  
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• Qatar LNG tanker sails for Hormuz as Middle East peace returns

  18-06-2026 05:45 via timesofindia.indiatimes.com
  
  An LNG tanker, the Mraikh, is approaching the Strait of Hormuz after loading cargo in Qatar, signaling a potential increase in shipping activity following a US-Iran interim peace agreement. This development could ease Pakistan's gas shortage and restore global LNG supplies, which were restricted by the waterway's closure.
  
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• Top stocks to buy today: Stock recommendations for June 18, 2026 - check list

  18-06-2026 04:45 via timesofindia.indiatimes.com
  
  Top stock market recommendations: Bharat Electronics Ltd (BEL), Canara Bank, and TVS Motor Company - these are the top 3 stocks that Aakash K Hindocha, Vice President - Research, Nuvama Professional Clients Group/Nuvama Wealth Management has recommended.
  
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• Crude prices fall as US-Iran deal reopens Hormuz after over 100 days

  18-06-2026 03:52 via timesofindia.indiatimes.com
  
  Oil prices dropped significantly as the US and Iran reached an interim agreement to end the war, reopen the Strait of Hormuz, and lift sanctions on Tehran's oil. This deal, aiming to restore pre-war conditions, could resolve a major energy supply disruption and potentially lead to a global oil surplus by 2027.
  
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• Canada’s CPP to invest Rs 7k cr in Hyderabad-based CtrlS

  18-06-2026 01:23 via timesofindia.indiatimes.com
  
  Canadian Pension Plan Investment Board is injecting up to ₹7,000 crore into CtrlS Datacenters, acquiring an 8.2% stake for ₹4,000 crore. This significant investment fuels India's booming digital infrastructure, driven by escalating demand for cloud, hyperscale, and AI-ready data centers. A joint venture will also develop new hyperscale campuses across the nation.
  
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• Trade deal with UK set to kick in from July 15

  18-06-2026 01:13 via timesofindia.indiatimes.com
  
  India and the UK's free trade agreement, along with a social security deal, will commence on July 15. This pact eliminates tariffs on 99% of Indian exports, benefiting sectors like textiles and engineering.Discussions resolved steel trade concerns, ensuring balanced market access for exporters.Indian consumers will see reduced duties on Scotch, automobiles, and cosmetics.
  
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