Economy news

• 15 India-bound ships carrying urea, DAP and sulphur cross Hormuz: Govt

  05-07-2026 17:18 via timesofindia.indiatimes.com
  
  Despite Middle East conflict disruptions, India's fertilizer supply remains robust. Most shipments successfully navigated the Strait of Hormuz, while domestic production surpassed targets. Proactive planning, diplomatic outreach for new sources, and full restoration of natural gas to plants ensured uninterrupted availability, safeguarding farmers' interests against global price hikes. Ample stocks cover over 51% of annual demand.
  
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• OPEC+ agrees fresh August oil output hike as Strait of Hormuz reopens

  05-07-2026 16:18 via timesofindia.indiatimes.com
  
  OPEC+ is boosting oil output by another 188,000 barrels daily from August, continuing to reverse earlier cuts. Despite this, actual supply remains below pre-conflict levels due to disruptions impacting key producers. Oil prices have already fallen to pre-war figures, influenced by weaker Chinese demand and strategic reserve releases. The group faces internal shifts with the UAE's exit and Iraq's quota requests.
  
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• 'No such proposal for exporting E20 petrol': Centre dismisses Bhutan E20 rejection claims

  05-07-2026 13:52 via timesofindia.indiatimes.com
  
  The Petroleum Ministry has debunked claims of Bhutan refusing India's E20 petrol, stating no such offer was ever made. This clarification follows opposition allegations that several neighboring countries rejected the fuel. The government assures the public that E20 has undergone extensive testing, ensuring reliability and performance, and vehicle manufacturers are adapting to the new standards.
  
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• US tops the global economic chart—but for how long? Deutsche Bank flags biggest risk

  05-07-2026 12:59 via timesofindia.indiatimes.com
  
  America's mounting debt is now the primary threat to its global economic dominance, surpassing external competition.Deutsche Bank warns that persistent deficits and soaring interest payments are eroding a key advantage.While the US possesses enduring strengths, the nation faces imminent fiscal challenges, including the potential exhaustion of Social Security and Medicare funds, which will demand urgent attention from future administrations.
  
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• Dalal Street outlook: TCS, crude oil and more, what's driving stock market this week?

  05-07-2026 12:25 via timesofindia.indiatimes.com
  
  Indian markets brace for a pivotal week as the June-quarter earnings season kicks off with TCS on July 9. Investors will scrutinize results and management commentary on demand and AI. Global cues, including US Fed minutes and crude oil price stability, alongside domestic monsoon progress, will also shape market sentiment. Foreign investor activity is another key factor to watch.
  
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• India's top IT firms set for muted Q1 as AI spending fails to lift growth: Report

  05-07-2026 12:10 via timesofindia.indiatimes.com
  
  India's top IT firms anticipate a slow start to FY27, with growth likely to remain subdued as clients focus on cost savings over major tech investments. While AI adoption is rising, it's funded by efficiency gains, not budget increases. Margins are expected to hold steady due to currency benefits and cost control. Long-term prospects remain positive, driven by AI complexity and modernization needs.
  
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• Pakistan's public money a privilege? World Bank report reveals stark fiscal faultlines

  05-07-2026 11:34 via timesofindia.indiatimes.com
  
  Pakistan's fiscal decentralisation efforts have failed to bridge regional spending gaps, with provincial capitals like Quetta and Lahore receiving significantly more per person than their own provinces.Despite budget surpluses in some areas, poorer regions face underinvestment.Concerns also arise over education and healthcare spending not yielding desired results, alongside widespread financial irregularities uncovered by auditors.
  
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• Market recap: Top-10 firms add Rs 1 lakh crore in market capitalisation; Airtel, Bajaj Finance lead gains

  05-07-2026 09:51 via timesofindia.indiatimes.com
  
  Dalal Street concluded the past week on a high note, with top companies collectively adding over Rs 1 lakh crore to their market cap. Bharti Airtel and Bajaj Finance led the gains, buoyed by strong domestic economic data and positive global sentiment. While most of the top 10 firms saw their valuations climb, Larsen & Toubro and Reliance Industries experienced notable dips.
  
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