Economy news

• Overseas branches can lend to NRIs for deposits in India

  23-06-2026 23:11 via timesofindia.indiatimes.com
  
  RBI Clarifies FCNR(B) Rules, NRI Inflows To Support Rupee
  
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• India–US trade deal may be signed before July 24: What’s done and remaining for agreement

  23-06-2026 18:04 via timesofindia.indiatimes.com
  
  India and the US are nearing a trade deal, with negotiators meeting in New Delhi to finalize an interim pact before July 24. Discussions aim to recalibrate the agreement following recent US tariff policy shifts. Both nations are pushing for a fair and reciprocal deal that benefits American exporters and supports India's growth, potentially involving significant Indian purchases from the US.
  
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• Iran rushes to sell oil to India after Trump sanctions waiver - all you need to know

  23-06-2026 17:32 via timesofindia.indiatimes.com
  
  Data from Vortexa, combined with Bloomberg calculations, show that around 68 million barrels of crude and condensate were floating at sea as of June 22. More than 80% of that volume does not appear to have a confirmed destination, potentially making it available for sale.
  
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• Wall Street today: US stocks slide as IT sell-off deepens, Nasdaq trims over 2%, Dow Jones falls 750 points

  23-06-2026 16:00 via timesofindia.indiatimes.com
  
  Global markets experienced a significant downturn Tuesday, with Wall Street indices plunging amid a deepening tech stock sell-off. Concerns over heavy AI spending and anticipated US interest rate hikes are fueling investor anxiety. Major tech giants and chipmakers saw substantial drops, mirroring weakness seen across Asian and European exchanges. Oil prices remained subdued following a US decision on Iranian oil sanctions.
  
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• All roads still lead to the Middle East: Why India’s energy pipeline runs through the Gulf

  23-06-2026 15:31 via timesofindia.indiatimes.com
  
  India's energy sector is closely watching the Strait of Hormuz situation, highlighting a continued reliance on the Middle East for crucial LPG supplies. While alternative sources like the US were tapped during disruptions, they couldn't fully bridge the gap. Higher LNG prices also impacted demand, with a return to more favorable rates expected to boost consumption. This crisis underscores India's energy sourcing vulnerabilities.
  
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• From record highs to a sharp fall: South Korea’s market plunged 10%, here's why

  23-06-2026 13:27 via timesofindia.indiatimes.com
  
  South Korea's stock market experienced a dramatic plunge, with the KOSPI tumbling nearly 10% after hitting record highs. Investors rushed to sell chip stocks, particularly Samsung Electronics and SK Hynix, amid concerns of excessive speculation and the impact of leveraged investment products. This sharp sell-off follows a strong year for the market, with attention now turning to US chipmaker Micron's earnings for sector direction.
  
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• FOMO about US stock market? How Indians can invest - routes, benefits, risks & tax implications explained

  23-06-2026 13:05 via timesofindia.indiatimes.com
  
  Apple, Microsoft, Nvidia and Amazon don’t trade on Indian exchanges, and for investors looking to diversify beyond the rupee and beyond Indian equities, the US market remains the deepest and most liquid in the world.
  
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• Why did stock market crash today? BSE Sensex closes almost 900 points down - top reasons for fall

  23-06-2026 12:47 via timesofindia.indiatimes.com
  
  Around Rs 4.61 lakh crore in investor wealth was wiped as the combined market capitalisation of BSE-listed companies dropped to about Rs 475 lakh crore. BSE Sensex ended around 900 points down, dropped to levels just above 76,200. Nifty50 also dropped below 23,850.
  
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• Trump waives sanctions on Iran crude oil: What it means for India

  23-06-2026 11:01 via timesofindia.indiatimes.com
  
  As part of a broader package designed to provide economic relief to Iran, the US Treasury announced a sanctions waiver valid until August 21. The exemption allows Tehran to export oil and related products and receive payments for those sales.
  
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• Why Indians aren't giving up on SIPs despite muted market returns

  23-06-2026 10:46 via timesofindia.indiatimes.com
  
  Despite a sluggish stock market and foreign investor sell-offs, Indian retail investors are consistently investing through SIPs, showing remarkable resilience.Monthly SIP inflows surged significantly, becoming the primary demand driver for domestic equities.This sustained participation, fueled by favorable policies and a 'set-and-forget' approach, highlights a strong underlying investor confidence in the market's long-term prospects.
  
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• Message seen on WhatsApp: Kunal Shah gets real CRED from Meta

  23-06-2026 10:13 via timesofindia.indiatimes.com
  
  Kunal Shah is an interesting choice, because WhatsApp does not need a leader to teach people how to send a message; it needs one who understands how trust, status, habit, and small transactions mutate inside closed networks, which is, almost exactly, the discipline CRED was built to practise.
  
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• El Nino woes: Why weak monsoon may turn out to be a bigger worry for India than US-Iran war

  23-06-2026 09:01 via timesofindia.indiatimes.com
  
  A normal monsoon is important for several reasons - most of all for the way it feeds into the economy’s growth and inflationary routes. A below average monsoon impacts crop sowing and harvest, which in turn leads to prices of vegetables and staple food rising.
  
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• ITR filing FY 2025-26: How to calculate taxes under old income tax regime - explained

  23-06-2026 08:01 via timesofindia.indiatimes.com
  
  For many people the old income tax regime continues to be attractive despite the new regime offering higher basic exemption and standard deduction, rebate limits and lower tax rates.
  
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• India taps US for cooking gas: LPG imports to cross 1 million tonnes amid Middle East disruption

  23-06-2026 07:47 via timesofindia.indiatimes.com
  
  India's LPG imports from the US are set to hit a record 1 million tonnes in June, a significant shift driven by Middle Eastern supply disruptions.Despite higher costs, New Delhi is prioritizing uninterrupted cooking fuel for households. While traditional suppliers are gradually recovering, the US has become a crucial alternative source, highlighting a strategic pivot in energy sourcing.
  
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• SEBI's new ease-of-business push: What may change for stock exchanges, brokers

  23-06-2026 07:45 via timesofindia.indiatimes.com
  
  SEBI is embarking on a substantial reform of stock market regulations designed to simplify operational procedures and alleviate compliance burdens. This review focuses on consolidating rules, minimizing redundancies, and reallocating responsibilities among market infrastructure institutions. Major proposals encompass the creation of a unified master circular for exchanges, updated technology frameworks, and refined reporting processes, ultimately aiming to improve the ease of doing business for
  
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• Gold price prediction today: Why is gold not rising too much despite lower oil prices? Check June 23, 2026 outlook

  23-06-2026 07:29 via timesofindia.indiatimes.com
  
  Gold price prediction today: A consistent rise in gold prices due to drop in oil prices is being constrained by hawkish outlook from central banks which are signalling a possible rate hike to keep inflationary pressures in check, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.
  
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• 'Foundation for a final deal': US hits pause on Iranian oil sanctions after nuclear push

  23-06-2026 06:26 via timesofindia.indiatimes.com
  
  The US has temporarily lifted sanctions on Iranian oil for 60 days, allowing its production and sale. This move follows Iran's agreement to permit UN nuclear inspectors and ensure free passage through the Strait of Hormuz. Vice President JD Vance hailed the understanding as a crucial foundation for a future deal, though nuclear talks are still in early stages. Any potential asset releases would be restricted for American benefit.
  
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• Oil prices rebound as US-Iran peace hopes temper Hormuz supply fears

  23-06-2026 05:50 via timesofindia.indiatimes.com
  
  On Tuesday, oil prices enjoyed a modest rise as they bounced back from a previous decline. Investors are tentatively hopeful about the ongoing US-Iran peace discussions, yet they remain cautious about the reopening of the Strait of Hormuz for crude exports. Despite early indicators showing improved maritime movements and declining US strategic oil reserves, skepticism lingers as traders look for solid proof of restoring shipping operations.
  
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• From IPO boom to bond debut: Elon Musk's SpaceX seeks funds for AI and starship

  23-06-2026 05:15 via timesofindia.indiatimes.com
  
  SpaceX is tapping the bond market for the first time, seeking funds for its ambitious AI and next-gen space tech projects, even as it boasts over $100 billion in cash. This move allows capital raising without diluting shareholder control. The announcement comes amid a significant drop in SpaceX shares post-IPO, which nonetheless propelled Elon Musk to trillionaire status. The company's expansion into AI and Starship development is driving substantial investment.
  
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• Top stocks to buy today: Stock market recommendations for June 23, 2026 - check list

  23-06-2026 04:46 via timesofindia.indiatimes.com
  
  Stock market recommendations: Delhivery, Lodha Developers, REC Ltd, and Indian Energy Exchange - these are the top stocks to buy recommended by Somil Mehta, Head of Retail Research at Mirae Asset Sharekhan for June 23, 2026:
  
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