Economy news

• UPI volumes up 1.2%, rise to 76 crore

  01-07-2026 23:31 via timesofindia.indiatimes.com
  
  Digital payment volumes saw a slight dip in June, with UPI transactions falling 2.1% month-on-month. Despite this, daily UPI activity remained robust, and year-on-year growth continues to impress. Other payment systems like FASTag and IMPS also experienced sequential declines, though yearly figures show mixed trends, indicating a dynamic digital payments landscape.
  
  Read more

• Car sales in June signal strong demand recovery

  01-07-2026 23:28 via timesofindia.indiatimes.com
  
  India's passenger vehicle sector kicked off FY27 with robust June sales, fueled by strong demand for SUVs and EVs. Tata Motors saw a remarkable 69% surge, driven by popular models and record EV figures. Maruti Suzuki maintained its lead with a 19.3% increase, while Mahindra & Mahindra also reported significant growth. Despite a temporary production setback, Hyundai's domestic sales remained strong.
  
  Read more

• FPIs' $5bn bond purchase offsets steady equity sales

  01-07-2026 23:22 via timesofindia.indiatimes.com
  
  Foreign investors returned as net buyers in June, injecting $531 million into Indian markets after a period of outflows. This positive shift was driven by substantial inflows into sovereign debt, totaling $5.8 billion, which more than compensated for continued equity selling. The debt market's strong performance signals renewed international confidence in Indian government securities.
  
  Read more

• PE-VC deal value dips 5% in H1 CY2026

  01-07-2026 23:19 via timesofindia.indiatimes.com
  
  Private equity and venture capital investments saw a slight dip of 5% year-on-year in the first half of 2026, reaching $17.5 billion. Despite global uncertainties, investors deployed substantial capital, particularly in data centers and NBFCs. Late-stage companies attracted the largest share of funding, indicating continued confidence in established businesses. Overall, the sector demonstrated resilience, with significant deals driving investment activity.
  
  Read more

• Advertisement

• Hero Moto to invest 3,200 crore in Andhra Pradesh

  01-07-2026 23:13 via timesofindia.indiatimes.com
  
  Hero MotoCorp is injecting Rs 3,200 crore into Andhra Pradesh over the next three to five years. This significant investment will bolster manufacturing, enhance its global supply chain, and expand into new business areas. A key part includes a new Global Parts Centre at Tirupati, alongside a doubling of production capacity, creating approximately 4,000 jobs and reinforcing the company's commitment to the region.
  
  Read more

• Brands get quick-comm boost in summer sales

  01-07-2026 23:09 via timesofindia.indiatimes.com
  
  Scorching heatwaves have significantly boosted sales for consumer brands, with quick-commerce platforms witnessing a surge in demand for ice creams, beverages, and sunscreens.Ice cream sales alone soared by 140% year-on-year in May. This growth is attributed to expanding delivery services into smaller cities and a focus on fast delivery of seasonal essentials, offering consumers much-needed relief.
  
  Read more

• Debt's the way for Indian IT acquisition funding

  01-07-2026 22:59 via timesofindia.indiatimes.com
  
  Indian IT firms are increasingly embracing debt for significant acquisitions, a shift from their traditional cash-rich approach. Persistent Systems' $1.5 billion financing for its Nagarro deal exemplifies this trend, driven by the need to build AI capabilities and expand globally. This strategic move aims for accelerated growth and relevance in a rapidly evolving tech landscape, though experts caution about the risks of high leverage if growth targets aren't met.
  
  Read more

• At 14%, GST collections in June grow fastest in 8 months

  01-07-2026 22:56 via timesofindia.indiatimes.com
  
  GST collections surged by 13.9% to Rs 1.94 lakh crore, the fastest in eight months, driven by a significant jump in import taxes on commodities like crude and fertilizers. While domestic collections saw a modest 6.5% rise, imports contributed substantially. This indicates robust manufacturing and import activity, though some states experienced significant drops in revenue. Experts suggest policy recalibration to boost domestic manufacturing.
  
  Read more

• Advertisement

• WC assists top-end as smart TVs shrink

  01-07-2026 22:51 via timesofindia.indiatimes.com
  
  Despite a dip in India's smart TV market, the FIFA World Cup is driving a surge in premium television sales, especially for larger screens. Brands report significant demand for TVs 55 inches and above, with QLED and MiniLED technologies gaining traction. While macroeconomic pressures affect entry-level purchases, major sporting events are prompting consumers to upgrade to bigger, better-equipped models, particularly in football-centric regions.
  
  Read more

• Employees’ Provident Funds Scheme 2026 notified: Top things to know about contributions, withdrawals & Aadhaar details

  01-07-2026 17:45 via timesofindia.indiatimes.com
  
  EPF Scheme 2026: Although the overall provident fund framework remains largely unchanged, the revised EPF scheme introduces some changes that relate to contributions, benefits and compliance requirements.
  
  Read more

• India, Japan to sign LNG security pact during PM Modi-Takaichi bilateral

  01-07-2026 16:35 via timesofindia.indiatimes.com
  
  India and Japan are set to sign a crucial agreement to bolster liquefied natural gas (LNG) supply security, aiming to counter global disruptions. A joint task force is anticipated to coordinate stockpiling and enhance energy cooperation. The summit, focusing on economic security and resilient supply chains, will also cover critical minerals, AI, and semiconductors, with significant private sector investments expected.
  
  Read more

• 'Everybody's profiting': Trump reacts to $1.4bn income disclosure

  01-07-2026 15:57 via timesofindia.indiatimes.com
  
  US President Trump reported over $1.4 billion in income from cryptocurrency ventures, including his family's World Liberty Financial and a $TRUMP meme coin. He stated he doesn't manage personal finances, attributing profits to the strong stock market. Despite ethics concerns over crypto-friendly policies enacted during his term, the White House denied any conflicts of interest, asserting Trump made the US the 'crypto capital'.
  
  Read more

• Silver price crash: It was being called the 'new gold'. So what went wrong?

  01-07-2026 15:08 via timesofindia.indiatimes.com
  
  COMEX Silver has declined 37% since the US-Iran war and is down 52% from its all-time high. In domestic markets. MCX Silver has corrected 20% since the war and 46% from its all-time high.
  
  Read more

• China tightens curbs on foreign investments amid AI, chip tech rivalry with US

  01-07-2026 14:40 via timesofindia.indiatimes.com
  
  China has unveiled stringent new regulations to bolster oversight of its overseas investments, particularly in critical tech sectors like AI and semiconductors. These rules, effective Wednesday, aim to safeguard national security and technological capabilities amidst escalating US competition. While designed to enhance outward investment quality, they could complicate global expansion for Chinese firms and access to Chinese capital for foreign partners, raising concerns about technology transfer
  
  Read more

• Hormuz oil shock sends India back to Russia: Is this a peak or the new normal?

  01-07-2026 11:01 via timesofindia.indiatimes.com
  
  Russia has emerged as the dominant supplier of crude oil for India - with imports touching over 240 million barrels in the four months since the US-Iran conflict began. In fact, crude imports from Russia are over 4 times the nearest supplier - UAE at over 58 million barrels.
  
  Read more

• Delhi EV Policy 2026: Financial incentives, digital transparency and key changes explained

  01-07-2026 10:07 via timesofindia.indiatimes.com
  
  Delhi has officially launched its Electric Vehicles Policy 2026, effective July 1, 2026, aiming to boost EV adoption and improve air quality until March 2030. The policy offers significant tax exemptions for electric cars and substantial subsidies for two and three-wheelers. It also mandates the phasing out of petrol and CNG two-wheeler registrations by April 2028, alongside a Rs 15,000 crore investment and plans for over 30,000 charging points.
  
  Read more

• Gold price prediction today: After worst quarter in 13 years, will gold continue to fall? Check July 1, 2026 outlook

  01-07-2026 09:48 via timesofindia.indiatimes.com
  
  Gold price prediction today: Gold prices will continue to be under pressure with rate hike expectations in place, with near-term outlook negative, says Vedika Narvekar, Research Analyst - Commodities & Currencies, Anand Rathi Shares and Stock Brokers.
  
  Read more

• India plans 30-day LPG storage buffer after Iran war exposes Hormuz supply risk

  01-07-2026 09:16 via timesofindia.indiatimes.com
  
  India is bolstering its energy security by planning a 30-day strategic LPG reserve following Middle East conflict concerns. State-run oil companies are set to invest significantly in expanding storage capacity, exploring options like onshore facilities, underground caverns, and floating storage. This move aims to mitigate risks associated with disruptions through the Strait of Hormuz, a critical shipping route for a large portion of India's LPG imports.
  
  Read more

• GST revenue grows 13.9% in June, collections touch Rs 1.94 lakh crore

  01-07-2026 09:13 via timesofindia.indiatimes.com
  
  India's GST collections surged 13.9% to Rs 1.95 lakh crore in June 2026, fueled by a significant 34.6% jump in import tax revenues. This robust growth, despite global uncertainties, highlights the maturing and resilient nature of India's tax system. Increased refund disbursements also supported business liquidity, demonstrating improved tax administration and a predictable revenue framework.
  
  Read more

• 'Long queues at petrol stations': How Ukraine’s drone strikes are hitting Russia’s fuel supply

  01-07-2026 08:51 via timesofindia.indiatimes.com
  
  Russia grapples with a severe fuel shortage, a direct consequence of Ukrainian drone attacks on its oil refineries. This has led to widespread rationing, lengthy queues at petrol stations, and escalating prices, impacting everyday citizens and businesses. President Putin acknowledged the issues, though he downplayed their severity.
  
  Read more

• ITR filing: How to claim HRA exemption when filing income tax return - top points to keep in mind

  01-07-2026 08:37 via timesofindia.indiatimes.com
  
  ​It’s important to note that the HRA exemption is available only to taxpayers who opt for the old tax regime. It is not an option under the new income tax regime.
  
  Read more

• RBI’s net short forward position hits record $106.6 billion amid rupee pressure

  01-07-2026 08:21 via timesofindia.indiatimes.com
  
  The Reserve Bank of India's intervention to shield the rupee from volatility, fueled by Middle East tensions, has widened its net short forward position to a record $106.6 billion. Despite a recent dip to a historic low, the rupee has shown recovery, buoyed by anticipated foreign capital inflows. These expected inflows are seen as a potential avenue for the RBI to reduce its forward position and bolster foreign exchange reserves.
  
  Read more

• GST at 9: Making India’s auto tax framework fit for the next gear

  01-07-2026 06:55 via timesofindia.indiatimes.com
  
  As GST completes nine years, the focus may now shift from implementation to the future. The next phase of reforms may ensure that India’s tax system keeps pace with the changing needs of the automotive industry.
  
  Read more

• Oil prices rise as Iran-US talks hit roadblock, supply fears return

  01-07-2026 06:43 via timesofindia.indiatimes.com
  
  Crude oil prices edged up as stalled Iran-US talks reignited fears of Middle East supply disruptions. Despite claims of Strait of Hormuz reopening, uncertainty persists. Analysts have lowered oil price forecasts, but US inventory data and ongoing diplomatic efforts remain key market drivers. Investors await official US figures for further direction.
  
  Read more

• Nayara Energy cuts petrol by Rs 5 per litre, diesel by Rs 3; first fuel price reduction in over 2 years

  01-07-2026 06:06 via timesofindia.indiatimes.com
  
  Nayara Energy, India's largest private fuel retailer, has slashed petrol prices by Rs 5 and diesel by Rs 3 per litre nationwide. This marks the first price reduction by any fuel retailer in over two years, driven by easing Middle East tensions and falling international crude oil prices. While Nayara passed on the benefits, state-run companies kept rates unchanged.
  
  Read more

• Nine years of GST: From supply chain efficiency to capital efficiency in FMCG

  01-07-2026 05:27 via timesofindia.indiatimes.com
  
  One of the most notable achievements of GST has been the reduction in the tax burden on several mass-consumption products. Over the years, the GST Council has rationalized tax rates on a range of FMCG products, making essential goods more affordable for consumers.
  
  Read more

• Commercial LPG cylinder prices slashed by Rs 183.50 from July 1: Check city-wise rates

  01-07-2026 05:23 via timesofindia.indiatimes.com
  
  Commercial LPG prices have seen a significant drop of Rs 183.50 effective July 1, bringing relief to businesses like hotels and vendors. A 19 kg cylinder now costs Rs 2930 in Delhi.Meanwhile, prices for household cylinders remain unchanged. This follows a price hike in June attributed to supply issues.
  
  Read more

• Top stocks to buy today: Stock recommendations for July 1, 2026 - check list

  01-07-2026 05:11 via timesofindia.indiatimes.com
  
  Stock market recommendations: NACL Industries, Info Edge (Naukri), and Minda Corporation - these are the top stocks to buy recommended by Mehul Kothari, DVP - Technical Research at Anand Rathi Shares for July 1, 2026:
  
  Read more

Follow @India_Economy_ on Twitter!