Economy news

• 'Excited about growth of quick commerce here'

  25-06-2026 22:39 via timesofindia.indiatimes.com
  
  Increasingly Investing Substantial Amounts In AWS, Cloud & AI Biz: Amazon CEO Jassy
  
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• SK Hynix overtakes Samsung: How a 14-year AI chip bet made it South Korea's most valuable listed company

  25-06-2026 19:40 via timesofindia.indiatimes.com
  
  A bold gamble on high-bandwidth memory (HBM) chips has propelled SK Hynix to the forefront of the AI revolution, briefly making it South Korea's most valuable company.This strategic pivot, once met with skepticism, proved crucial as demand for AI servers surged, allowing SK Hynix to outpace rivals like Samsung Electronics and reshape the global semiconductor landscape.
  
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• Bank holiday on June 26: Will banks be closed on Muharram? Check city-wise list of closures

  25-06-2026 19:22 via timesofindia.indiatimes.com
  
  Several Indian cities will see bank closures on Friday, June 26, due to Muharram observances. However, branches in key locations like Ahmedabad, Chandigarh, and Jaipur will operate normally. While physical branches may be shut in places like Mumbai and New Delhi, digital banking services remain accessible. Customers are urged to verify local holiday schedules before visiting branches.
  
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• Centre eases BIS quality compliance with new risk-based framework for manufacturers

  25-06-2026 19:03 via timesofindia.indiatimes.com
  
  The government has launched a new risk-based approach to simplify quality control compliance for industries. This allows eligible manufacturers to use a streamlined certification process, easing concerns over Bureau of Indian Standards (BIS) certification hurdles. The move aims to boost domestic manufacturing, encourage innovation, and strengthen supply chains while ensuring product quality and consumer safety.
  
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• Rupee gains 10 paise as softer crude, firm equities lift sentiment

  25-06-2026 18:20 via timesofindia.indiatimes.com
  
  The Indian rupee saw a modest gain of 10 paise, closing at 94.45 against the US dollar on Thursday. This appreciation was fueled by falling global crude oil prices and a stronger domestic stock market. However, foreign fund outflows prevented a more significant rise. The currency is expected to trade within a narrow range, influenced by global economic factors and the US Federal Reserve's stance.
  
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• From Amazon, ABB to Google, AirTrunk & more: Global giants commit billions of dollars to India

  25-06-2026 18:10 via timesofindia.indiatimes.com
  
  Large US technology companies have collectively committed billions of dollars to India, highlighting the country's growing importance as a key destination for cloud computing, artificial intelligence and deep-tech investments.
  
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• US stock markets today: Dow rises as Micron jumps on AI outlook, Apple slides after price hikes

  25-06-2026 16:50 via timesofindia.indiatimes.com
  
  Indian markets saw a mixed trading session on Thursday, with AI chipmakers like Micron Technology leading gains, while Apple faced pressure due to product price hikes. Easing Treasury yields and moderating oil prices offered some support. Asian markets largely advanced, with South Korea's Kospi and Japan's Nikkei 225 showing significant rallies, driven by the AI boom.
  
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• Gold price crash explained: Why are gold rates falling and when will yellow metal recover?

  25-06-2026 16:13 via timesofindia.indiatimes.com
  
  In January 2026, gold prices hit $5595 - a life-time high - they are now trading at below $4,000. The prices are down 7.6% year-to-date. On the MCX, the decline has been lesser - at around 22% - largely due to a hike in import duties.
  
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• US inflation climbs above 4% for first time in three years as consumer spending stays resilient

  25-06-2026 15:09 via timesofindia.indiatimes.com
  
  US inflation surged past 4% in May, primarily due to escalating energy costs linked to Middle East tensions. Despite rising living expenses, consumer spending showed resilience, buoyed by tax refunds and stock market gains. While economists anticipate persistent inflationary pressures, the Federal Reserve is considering interest rate hikes later this year to combat the trend.
  
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• Middle East fuel oil exports hit four-month high as Hormuz shipping gradually recovers

  25-06-2026 14:06 via timesofindia.indiatimes.com
  
  Middle Eastern fuel oil exports are poised for a significant rebound in June, reaching a four-month peak. This surge is attributed to Iraq and Saudi Arabia rerouting supplies via alternative ports, coupled with a gradual resumption of shipments through the Strait of Hormuz following a US-Iran interim peace agreement.
  
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• Stock market holiday on Muharram: Will NSE, BSE remain closed for trading on June 26?

  25-06-2026 12:53 via timesofindia.indiatimes.com
  
  Stock market investors, mark your calendars! The market will be closed on Friday, June 26, for Muharram. Trading operates on weekdays, excluding weekends and official holidays.Remember the pre-open session from 9:00 am to 9:08 am, followed by the regular trading window from 9:15 am to 3:30 pm. Plan your trades wisely around these timings and upcoming 2026 holidays.
  
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• EPFO 3.0: ATM, UPI-linked withdrawals, faster claim settlement & more - what reforms will mean for subscribers

  25-06-2026 12:49 via timesofindia.indiatimes.com
  
  EPFO 3.0 aims to deliver quicker automated claim settlements, instant withdrawals, multilingual self-service facilities and seamless payroll-integrated contributions.
  
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• $1.5 billion-crypto connection: How North Korean heist ended in Iran's central bank

  25-06-2026 12:07 via timesofindia.indiatimes.com
  
  A massive crypto heist, initially linked to North Korea, has unraveled a complex financial web connecting to Iran's central bank. Investigators discovered stolen funds moving through wallets associated with Iran's central bank before reaching CoinEx, a key exchange facilitating Iranian crypto users. This revelation underscores the growing role of digital assets in Iran and the challenges in monitoring cross-border transactions.
  
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• Beyond oil tanks: Strategic pricing reserves, the new mantra for India’s energy security

  25-06-2026 09:28 via timesofindia.indiatimes.com
  
  From a storage perspective, India should enhance its SPR capacities from 17 to 45 days on land with the possibility of having another 10-15 days of SPR on sea on tankers. Incidentally, the International Energy Agency recommends a SPR of 90 days.
  
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• Strait of Hormuz reopens: Middle East oil exports to climb to 4-month high

  25-06-2026 09:02 via timesofindia.indiatimes.com
  
  The Strait of Hormuz is reopening, paving the way for Middle Eastern fuel oil exports to reach a four-month high in June. Iraq and Saudi Arabia are leading this surge, with Iraq notably diversifying routes through Syria. While shipments are increasing, they remain below pre-war levels, and cautious optimism prevails due to ongoing negotiation uncertainties. This development follows an interim US-Iran agreement.
  
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• ITR filing FY 2025-26: Old vs new income tax regime - how salaried taxpayers can lower tax outgo

  25-06-2026 08:40 via timesofindia.indiatimes.com
  
  ITR filing FY 2025-26: The two regimes differ fundamentally in structure. The new tax regime offers lower slab rates but largely eliminates exemptions and deductions. The old tax regime, in contrast, allows taxpayers to claim a range of benefits.
  
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• Oil prices fall to $70: Will your flight tickets get cheaper?

  25-06-2026 08:15 via timesofindia.indiatimes.com
  
  Aviation Turbine Fuel (ATF) prices, which had surged, are now under scrutiny as crude oil costs decline. The Civil Aviation Minister indicated the government may ask airlines to reassess surge charges and additional fare components if fuel prices remain stable. Discussions are ongoing with airlines to ascertain the longevity of this price reduction, with a Rs 10,000 crore price stabilization fund already in place to support the sector.
  
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• Top stocks to buy today: Stock recommendations for June 25, 2026 - check list

  25-06-2026 04:44 via timesofindia.indiatimes.com
  
  Top stock market recommendations: Olectra Greentech, GAIL, and Hindustan Aeronautics Ltd (HAL) have been picked as the top 3 stocks to buy today on June 25, 2026 by Aakash K Hindocha, Vice President - Research, Nuvama Professional Clients Group/Nuvama Wealth Management.
  
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• Crude slips toward $70 as tankers return to Hormuz after US-Iran reach peace deal

  25-06-2026 03:44 via timesofindia.indiatimes.com
  
  Crude oil prices have plummeted towards pre-war levels as tanker traffic through the Strait of Hormuz resumes, alleviating supply worries. Following a surge past $126, oil is now hovering around $70. Improved shipping and potential Iranian exports have eased fears of disruptions, leading to a significant price drop. Traders are now anticipating a surplus as physical crude trades at discounts.
  
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