Economy news

• Centre cracks whip on Meta over Instagram ads promoting child sexual abuse material

  03-07-2026 13:56 via timesofindia.indiatimes.com
  
  India's IT Minister Ashwini Vaishnaw has ordered officials to summon Meta following reports of Instagram advertisements featuring child sexual abuse material. This action highlights growing concerns about objectionable content on social media and the effectiveness of content moderation on platforms like Instagram. The ministry is seeking answers regarding the platform's handling of such serious issues.
  
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• India’s women-owned business map has a western tilt

  03-07-2026 13:35 via timesofindia.indiatimes.com
  
  Women's entrepreneurship is growing in India, but unevenly. Cities in Gujarat and Maharashtra lead in female-owned businesses, while northern cities lag. This disparity highlights the complex interplay of economic structure, local conditions, and societal norms. While government initiatives are noted, deeper empowerment hinges on grassroots changes within homes and local markets, suggesting a patchwork of progress rather than a uniform national trend.
  
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• EU–US goods trade hits record €875 billion despite tariffs: Study

  03-07-2026 12:54 via timesofindia.indiatimes.com
  
  Despite tariffs, EU-US trade hit a record €875 billion last year. However, a new study reveals underlying strain, particularly for Germany's auto sector, which saw a significant export drop. While Ireland's pharmaceutical exports surged, masking regional weakness, services trade also reached new heights, though the EU faced a deficit. The report warns against further tariff threats, emphasizing the need for stability.
  
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• Oil slips to pre-Iran war levels: Is a petrol, diesel price cut coming?

  03-07-2026 12:49 via timesofindia.indiatimes.com
  
  Petrol and diesel prices in India have risen by around Rs 7.5 per litre since May 15. The first hike in the retail rates came over two and a half months after the US-Iran war began. Private retailer Nayara Energy has already cut rates of petrol and diesel.
  
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• New Gold Monetisation Scheme in the works: How government aims to reduce dependence on imported gold

  03-07-2026 12:01 via timesofindia.indiatimes.com
  
  The proposal has gained traction following multiple meetings held over the past two weeks involving senior government ministers, officials from the Reserve Bank of India, banks and representatives of the gold industry, the report said.
  
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• Why Delhi's EV policy poses big risk if adopted by other states

  03-07-2026 11:00 via timesofindia.indiatimes.com
  
  Delhi's new EV Policy 2026 aims to accelerate clean mobility by phasing out petrol and CNG two-wheelers by April 2028 and mandating electric three-wheelers from 2027. While offering substantial incentives, a Morgan Stanley report warns that wider adoption by other states could pose a significant challenge for automakers, especially in the two-wheeler segment. The policy includes Rs 70 billion in direct incentives and aims to install over 30,000 charging points.
  
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• India's services sector growth falls to 17-month low as hiring stalls, demand weakens

  03-07-2026 10:46 via timesofindia.indiatimes.com
  
  India's services sector experienced a significant slowdown in June, reaching a 17-month low due to weakening domestic demand and subdued hiring. While export orders provided a bright spot, overall business activity moderated. This trend also impacted the broader private sector, with the composite PMI indicating slower growth. Despite the cooling, the sector remains in expansionary territory.
  
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• Govt orders removal of 3 apps being 'misused' in remotely disabling e-rickshaws

  03-07-2026 09:23 via timesofindia.indiatimes.com
  
  Authorities have removed two smartphone applications, including the Chinese BAT-BMS app, from app stores following reports of e-rickshaws being remotely disabled. These apps, designed for battery management, were allegedly exploited to disrupt vehicles by connecting to unsecured Bluetooth-enabled battery systems. The government is urging app stores to enhance scrutiny to prevent the availability of such potentially harmful applications.
  
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• Centre removes 2 apps from app stores after e-rickshaw remote shutdown reports

  03-07-2026 09:23 via timesofindia.indiatimes.com
  
  Authorities have removed two smartphone applications, including the Chinese BAT-BMS app, from app stores following reports of e-rickshaws being remotely disabled. These apps, designed for battery management, were allegedly exploited to disrupt vehicles by connecting to unsecured Bluetooth-enabled battery systems. The government is urging app stores to enhance scrutiny to prevent the availability of such potentially harmful applications.
  
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• Sharp rebound! India’s crude inventory hits almost 1-year high; strong oil imports help replenish stocks depleted during US-Iran war

  03-07-2026 08:36 via timesofindia.indiatimes.com
  
  According to estimates from Kpler, a global real-time data and analytics provider, India's crude oil inventory stood at 104 million barrels at the end of June, up significantly from 90.5 million barrels at the end of April. With the closure of the Strait of Hormuz during the conflict threatening nearly 40% of India's crude oil imports, refiners moved quickly to source alternative supplies from global markets.
  
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• Gold price prediction: Will gold price rally continue & should investors buy on dips? Check July 3, 2026 outlook

  03-07-2026 08:04 via timesofindia.indiatimes.com
  
  Gold price prediction today: In today’s session, gold is exhibiting a bullish bias, says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, recommending a buy on dips strategy.
  
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• Top stocks to buy today: Stock recommendations for July 3, 2026 - check list

  03-07-2026 05:44 via timesofindia.indiatimes.com
  
  Stock market recommendations: ITC, and Ramco Industries - these are the top stocks to buy recommended by Bajaj Broking Research for July 3, 2026. Let’s take a look:
  
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• Fuel-hit Russia bought gasoline produced by India’s Nayara Energy via traders: Report

  03-07-2026 05:36 via timesofindia.indiatimes.com
  
  Russia is reportedly sourcing gasoline from India via international traders to counter fuel shortages stemming from Ukrainian attacks on its infrastructure. Nayara Energy, with a significant stake held by Russian oil giant Rosneft, is identified as a key supplier. While Indian officials state no direct sales, they acknowledge indirect sourcing through trading firms. This development follows reports of substantial gasoline shipments from India to Russia.
  
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• Carlsberg files IPO papers confidentially

  03-07-2026 00:23 via timesofindia.indiatimes.com
  
  Danish brewer Carlsberg has confidentially submitted draft IPO papers for its Indian operations to Sebi.While the timing and progress depend on regulatory approvals and market conditions, the offering is understood to be a secondary share sale. This move signals a potential boost to the IPO market, which is seeing increased activity with other major companies also preparing for listings.
  
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