Economy news

• Trump’s ceasefire ‘over’ remarks & fresh Strait of Hormuz disruptions: What it means for India

  08-07-2026 18:14 via timesofindia.indiatimes.com
  
  Before the conflict, the Strait of Hormuz handled nearly 40% of India's crude oil imports, around 60% of its LNG imports and approximately 90% of its LPG supplies, underlining the country's heavy dependence on the strategic waterway.
  
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• US stocks today: Oil jumps nearly 5%, shares tumble as Trump declares Iran ceasefire 'over'

  08-07-2026 17:56 via timesofindia.indiatimes.com
  
  Global stock markets declined and oil prices surged on Wednesday. US President Donald Trump cast doubt on the temporary Iran conflict truce. This raised fears that renewed fighting could disrupt global energy supplies. Wall Street opened lower after Trump suggested the ceasefire was effectively over. Investors are concerned that renewed hostilities could disrupt shipping through the Strait of Hormuz.
  
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• ‘India-US trade deal will unleash animal spirits’: Economist Surjit Bhalla sees China benefitting if doesn’t happen

  08-07-2026 17:08 via timesofindia.indiatimes.com
  
  The trade deal has the potential to boost competitiveness and accelerate India’s journey towards becoming a developed nation, Surjit Bhalla said. However, he warned that prolonged delays in concluding such an agreement would ultimately work to China's advantage.
  
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• How India’s silver import restrictions have created shortages; white metal trading at significant premium to global prices

  08-07-2026 16:33 via timesofindia.indiatimes.com
  
  As India relies on imports to meet more than 80% of its silver requirement, the sharp decline in overseas purchases could weigh on international silver prices while helping reduce the country's trade deficit and easing pressure on the rupee.
  
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• Bot calls, AI chat generated Rs 5520 crore loans in FY26: Sanjiv Bajaj

  08-07-2026 16:05 via timesofindia.indiatimes.com
  
  Bajaj Finance is transforming lending by analyzing conversational data with AI bots.This AI integration enabled over Rs 5,520 crore in loan disbursals in FY2026.The company aims to become a financial AI enterprise, embedding intelligence in every decision.This strategic pivot will enhance customer engagement and reduce operational costs.Similar AI tools are also being deployed in healthcare for fraud identification and claims management.
  
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• US-Iran war impact: IMF lowers India’s GDP growth forecast marginally; still tags it among fastest growing economies

  08-07-2026 15:28 via timesofindia.indiatimes.com
  
  According to the IMF, the global economy has so far avoided a steeper slowdown despite the war, as strong demand linked to the technology sector has helped offset the impact of reduced energy supplies caused by the conflict.
  
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• Income tax notices decoded: What every taxpayer should know about ITR filing to avoid scrutiny

  08-07-2026 13:01 via timesofindia.indiatimes.com
  
  One important thing to understand is this: In the current compliance environment, tax notices are increasingly driven by data inconsistencies rather than intent. A tax notice can not only mean a process of explaining discrepancies but can also put any refund claims on hold till the matter is resolved.
  
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• Are Indians swiping less? Credit card story has grown bigger, user base hasn’t

  08-07-2026 12:34 via timesofindia.indiatimes.com
  
  India's credit card market has grown significantly over the past decade.However, credit card penetration remains low compared to global benchmarks.Younger consumers and semi-urban areas now show increased credit card ownership.Credit cards now face competition from digital payment methods like UPI.Portfolio quality has improved after pandemic-related challenges.
  
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• New EPFO portal: Faster claims, smarter processing & more — what changes for PF members

  08-07-2026 11:37 via timesofindia.indiatimes.com
  
  The Employees Provident Fund Organisation has completed its portal migration and restored online services. Members can now benefit from automated claim pre-validation and upfront error flagging. The new system offers a unified dashboard for viewing all membership details and balances. Interest credits for FY 2025-26 will be auto-processed and reflected by July 15. Advance claims up to Rs 5 lakh will now be processed through auto-settlement.
  
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• Stock market crash: Bloodbath on Dalal Street! Sensex, Nifty50 tank 2% as Trump declares end of truce with Iran - top reasons for sharp fall

  08-07-2026 10:55 via timesofindia.indiatimes.com
  
  Stock market crash: Selling pressure gathered pace during the second half of the session after US President Donald Trump declared that the interim agreement with Iran to end the conflict was "over," reigniting fears of further escalation in the Middle East.
  
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• Amid E20 petrol debate, why oil marketing companies are not too keen to expand E85 rollout

  08-07-2026 10:22 via timesofindia.indiatimes.com
  
  Automobiles manufactured between 2012 and March 2023 were designed to run on fuel containing up to 10% ethanol, while vehicles produced before April 2025 are not fully compatible with E20 blends either.
  
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• Fresh Trump tariff threat looms: India’s strong stand on US Section 301 probe that proposes 12.5% duties - explained

  08-07-2026 08:42 via timesofindia.indiatimes.com
  
  According to policymakers and trade experts, the pace of the investigation suggests that the US may replace the existing 10% tariff, which remains in force until July 24, with the proposed forced labour-related tariff. The United States Trade Representative (USTR) has advanced one of its two investigations into America's trading partners, even as the July 24 deadline for the temporary 10% additional tariff draws closer.
  
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• Rupee erases previous gains, tumbles 20 paise against US dollar

  08-07-2026 07:04 via timesofindia.indiatimes.com
  
  The Indian rupee opened weaker against the US dollar on Wednesday.Rising crude oil prices and geopolitical events impacted currency markets.The dollar index strengthened, and Brent crude futures climbed significantly.Domestic stock markets also mirrored this cautious sentiment, opening lower.Foreign institutional investors remained net buyers of equities on Tuesday.
  
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• Top stocks to buy today: Stock recommendations for July 8, 2026 - check list

  08-07-2026 04:41 via timesofindia.indiatimes.com
  
  Stock market recommendations: Hero MotoCorp, Tata Steel are the top stocks to buy recommended by Mehul Kothari, DVP - Technical Research at Anand Rathi Shares for July 7, 2026. He also recommends buying Nippon India ETF Nifty IT (ITBEES).
  
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• Crude loses cool: Oil prices soar 3% as Middle East tensions flare again

  08-07-2026 03:48 via timesofindia.indiatimes.com
  
  Oil prices rose sharply after United States military strikes targeted Iran. These actions followed attacks on commercial vessels in the Strait of Hormuz. Qatar blamed Iran for striking a liquefied natural gas tanker and an oil supertanker. Maritime security warned of severe threats to ships crossing the Strait. This has reignited fears of further disruptions to vital oil transit routes.
  
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• Listing rewards: Startup backers cash out Rs 97,000 crore

  08-07-2026 01:40 via timesofindia.indiatimes.com
  
  VC, PE Funds Use IPOs, Post-Listing Deals To Return Capital After Backing Pvt Cos For Yrs
  
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