Economy news

• US stocks today: Wall Street trades in green as Dow jumps 300 points, Nasdaq up 0.7%

  29-06-2026 16:32 via timesofindia.indiatimes.com
  
  Wall Street surged on Monday, led by a strong rebound in tech stocks, particularly those linked to artificial intelligence, following significant semiconductor investment announcements. SpaceX also continued its upward trajectory, set to join the Nasdaq 100. Comcast saw a notable jump after announcing a business separation. Markets navigated rising oil prices and ongoing Middle East developments, with investors hopeful for a de-escalation to ease inflationary pressures.
  
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• Who is Puneet Sharma, the Axis Bank CFO who has resigned?

  29-06-2026 14:05 via timesofindia.indiatimes.com
  
  Axis Bank's Chief Financial Officer, Puneet Sharma, has resigned, stepping down on Sunday, June 28, but will continue until August 31. Sharma, who joined in March 2020, oversaw finance, legal, and investor relations, during which the bank's stock nearly doubled. He is leaving to pursue new professional opportunities. Sharma brings over two decades of finance experience from previous roles at Tata Capital and Citibank.
  
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• Govt plans Rs 5,000 crore scheme to help steel industry adopt green technologies

  29-06-2026 13:22 via timesofindia.indiatimes.com
  
  The government is set to launch a Rs 5,000 crore scheme within three months to boost cleaner technologies in India's steel sector, a major contributor to carbon emissions. This initiative, the National Strategy for Sustainable Secondary Steel, aims to reduce the industry's environmental footprint and align with India's net-zero commitments. While benefiting all steelmakers, secondary producers are expected to receive significant financial backing to adopt sustainable practices.
  
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• IIP data decoded: Manufacturing, electricity lift India's industrial growth to 5.1% in May

  29-06-2026 13:19 via timesofindia.indiatimes.com
  
  India's industrial activity showed robust growth in May 2026, with the IIP climbing 5.1% year-on-year, driven by strong manufacturing and electricity output. Capital goods led the expansion, surging 12.9%. The Ministry of Statistics also announced a significant methodological shift, replacing WPI with Output PPI for a more accurate real output estimation, aligning with global standards.
  
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• Gold price crash: Why Indian households are rushing to sell their old gold jewellery

  29-06-2026 12:28 via timesofindia.indiatimes.com
  
  The trend comes at a time when India remains heavily dependent on imported gold. During FY26, the country imported gold worth nearly $72.4 billion, while recycled gold contributed an estimated 125-150 tonnes in 2025.
  
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• Why Chinese investors are reviewing bond portfolios as AAA ratings come under scrutiny

  29-06-2026 12:20 via timesofindia.indiatimes.com
  
  China's financial watchdogs are tightening credit standards, prompting investors to re-evaluate their bond holdings for potential downgrades. This move aims to curb the unusually high number of top-rated AAA issuers, a situation exposed by recent corporate defaults.The People's Bank of China is reportedly introducing new metrics, potentially impacting issuers with wider yield spreads.This scrutiny could shake up the domestic bond market and test its recent rally.
  
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• Gen Z is investing like a pro, but insuring like a rookie: Report

  29-06-2026 12:09 via timesofindia.indiatimes.com
  
  India's Gen Z excels at investing via SIPs and mutual funds, yet many remain uninsured, relying on parents' policies. Despite digital access to financial info, a significant gap exists between research and purchasing insurance. A health emergency could destabilize nearly two-thirds of young investors. Experts point to a lack of urgency and a confidence crisis, not a knowledge gap, hindering personal insurance adoption.
  
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• US-Iran war: Moody’s confident India can withstand fiscal deficit target breach without impacting rating

  29-06-2026 11:13 via timesofindia.indiatimes.com
  
  Moody's currently rates India at Baa3, the lowest level within the investment-grade category, with a stable outlook. According to de Guzman, the rating reflects the government's consistent progress in strengthening its fiscal position since the Covid-19 pandemic.
  
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• The great economic divide: East-West split could cost world $6.9 trillion, WEF warns

  29-06-2026 10:51 via timesofindia.indiatimes.com
  
  The world is witnessing a significant shift from globalization to geo-economic fragmentation, with the World Economic Forum warning of a potential $6.9 trillion hit to global GDP. This fragmentation, already costing billions and increasing inflation, is driven by rising nationalism and trade disputes, particularly between the US and China. Emerging markets face the brunt, while multilateral institutions weaken, and policy uncertainty hampers investment and hiring.
  
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• China speeds up sulphur futures plan as Iran conflict triggers price volatility

  29-06-2026 09:58 via timesofindia.indiatimes.com
  
  China is fast-tracking plans for its inaugural sulphur futures contracts, with the Dalian Commodity Exchange aiming for a Q4 launch. Intensified price volatility due to the Iran conflict has highlighted the urgent need for hedging tools. This move is expected to bolster China's pricing power in the global sulphur trade and enhance supply-chain resilience for the world's largest consumer.
  
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• ITR filing: Which is the correct tax return form for you? ITR-1 to ITR-7 eligibility explained

  29-06-2026 09:39 via timesofindia.indiatimes.com
  
  There are a total of seven income tax return filing forms and each year there are changes in some of these forms, so it’s important to be informed if your ITR form for a financial year is different from the previous year.
  
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• IIFCL plans $1 billion overseas loan, also eyes $400 million ADB funding to back infrastructure push

  29-06-2026 09:25 via timesofindia.indiatimes.com
  
  India Infrastructure Finance Company Ltd (IIFCL) is set to raise a significant $1 billion from international investors, potentially its largest foreign-currency loan.This move, alongside talks for a $400 million loan from the Asian Development Bank, is bolstered by recent Reserve Bank of India measures encouraging dollar inflows. IIFCL is also considering a debut dollar bond issuance later this year.
  
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• Stocks to buy: What's the outlook for Nifty for June 29-July 3 week? Check list of top stock recommendations

  29-06-2026 09:01 via timesofindia.indiatimes.com
  
  Stock market recommendations: TVS Motor Company, and Vijaya Diagnostic Centre are the top stock recommendations by Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities for the June 29-July 3, 2026 week. The analyst has also shared his views on Nifty and Bank Nifty:
  
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• Gold price prediction today: Will gold prices continue to fall? Key levels to watch out for June 29, 2026 week

  29-06-2026 08:51 via timesofindia.indiatimes.com
  
  Gold price prediction today: Gold prices may find support in the Rs 142,800–143,200 band. They are trading with a bearish bias in the near-term, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.
  
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• 6 financial changes from July 1: What changes for ITR, Aadhaar, passport fees and bank rules

  29-06-2026 08:22 via timesofindia.indiatimes.com
  
  Starting July 1, 2026, several financial changes will affect you.Income tax filing deadlines are set, and updating your Aadhaar email becomes free for a period.Expect shifts in SBI Card rewards and HDFC Bank credit card lounge access eligibility.Passport fees are rising, and new RBI rules will protect bank customers from mis-sold financial products, ensuring refunds and compensation.
  
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• Asian stocks today: Markets stay cautious as Middle East tensions, Fed rate worries keep investors on edge

  29-06-2026 06:12 via timesofindia.indiatimes.com
  
  Asian markets treaded water Monday, dampened by Middle East ceasefire doubts and anticipation of more US interest rate hikes. Major indices like Japan's Nikkei and South Korea's Kospi saw declines. Investors are also reassessing AI stock valuations, with a shift towards defensive sectors. The dollar remains strong against a backdrop of potential Fed tightening, while gold prices dipped.
  
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• Top stocks to buy today: Stock recommendations for June 29, 2026 week - check list

  29-06-2026 05:09 via timesofindia.indiatimes.com
  
  Stock market recommendations: Which are the top stocks that you should buy this week? Gokaldas Exports, and Reliance Industries (RIL) are the top stocks that Motilal Oswal Wealth Management Research Desk has chosen as ‘buy’ recommendations for the week starting June 29, 2026. Also check what market experts and analysts have to say about the week ahead for the stock market.
  
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