Economy news

• India building strategic oil reserves: ONGC board approves plan for 1.75-million-tonne storage capacity

  10-07-2026 18:07 via timesofindia.indiatimes.com
  
  As the world's third-largest importer and consumer of crude oil, India relies on imports for more than 88 per cent of its crude oil requirements. Against the backdrop of geopolitical uncertainty and fluctuations in global oil markets.
  
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• US stocks today: Market trades flat, heads towards subdued end to week; oil prices stable

  10-07-2026 16:30 via timesofindia.indiatimes.com
  
  As uncertainty surrounding the strait persists, investors on Wall Street have begun shifting their attention to the upcoming earnings season, when companies will report their spring-quarter financial results.
  
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• E20 petrol row: Govt answers 9 FAQs on ethanol-blended petrol’s impact on mileage, performance, damage, pricing & more

  10-07-2026 15:40 via timesofindia.indiatimes.com
  
  The government has said that the Ethanol Blended Petrol (EBP) Programme is a major component of India's energy strategy, designed to strengthen energy security, support the farming community and lower environmental impact by increasing the use of domestically produced renewable fuel.
  
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• Reverse oil flow: India supplies gasoline to Russia - why it matters

  10-07-2026 13:04 via timesofindia.indiatimes.com
  
  Indian refiners are well equipped from a product-quality standpoint to supply the gasoline grades required by Russia. However, Oil minister Hardeep Singh Puri has said that Indian companies are not directly selling gasoline to Russia.
  
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• India’s first hydrogen-powered train notified: Know route, launch date & what makes it special

  10-07-2026 11:57 via timesofindia.indiatimes.com
  
  The government says that project underscores Indian Railways' wider focus on technological innovation, improved energy efficiency and environmentally sustainable transportation, while supporting India's national objectives on clean energy and achieving net-zero carbon emissions.
  
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• India, among world’s largest exporters of refined oil products, set to see 25% rise in petroleum product exports

  10-07-2026 09:58 via timesofindia.indiatimes.com
  
  Although India imports around 90% of its crude oil requirement, it has become one of the world's largest exporters of refined petroleum products by using its large and sophisticated refineries.
  
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• India should not blink first in US trade negotiations, says SBI report

  10-07-2026 09:39 via timesofindia.indiatimes.com
  
  India should avoid early trade concessions with the United States. Washington is using uncertainty as a bargaining instrument across many issues. India possesses unique strategic strengths that should be leveraged. The nation should play the long game and test US resolve. This approach will improve India's bargaining position over time.
  
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• E20 costlier to produce than pure petrol: Government

  10-07-2026 09:25 via timesofindia.indiatimes.com
  
  The petroleum ministry clarified E20 petrol production costs versus pure petrol.Ethanol blending protects Indian consumers from volatile international oil prices.This program has saved India significant foreign exchange and crude oil imports.It also provides greater fuel price stability and increases farmers' incomes.The transition to E20 has been a phased process with stakeholder consultations.
  
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• A weak monsoon could trigger a storm in India's economy

  10-07-2026 08:42 via timesofindia.indiatimes.com
  
  A weaker monsoon poses risks to India's rural economy and farm incomes. This could increase food inflation and slow down consumption demand in coming months. Agriculture and related sectors face the biggest impact from below-normal rainfall. Microfinance institutions are more vulnerable than banks due to rural borrower exposure. Hydroelectric generation may decline, but broader economic outlook remains supported.
  
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• Gold price prediction: Will gold price see a bullish movement? Check July 10, 2026 outlook

  10-07-2026 07:38 via timesofindia.indiatimes.com
  
  ​​Gold price prediction today: Gold prices - MCX Gold August futures - are seeing a positive bias and a buy on dips strategy is favoured, says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
  
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• Top shares to buy: Stock recommendations for today - check list

  10-07-2026 04:33 via timesofindia.indiatimes.com
  
  Stock market recommendations: Bharti Airtel, and HDFC Bank - these are the top 2 stocks that Bajaj Broking Research has recommended for buying on July 10, 2026:
  
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• Crude dips but eyes weekly gain as US-Iran conflict stokes supply fears

  10-07-2026 04:25 via timesofindia.indiatimes.com
  
  Oil prices saw a slight decrease but are set for significant weekly gains. Renewed military exchanges between the United States and Iran kept crude supply concerns elevated. The conflict has delayed the reopening of the Strait of Hormuz, a critical energy chokepoint. Worries over slowing global demand and inflation are limiting sharper price rallies. Producer price inflation in China surged, increasing pressure on manufacturers.
  
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• Seller body drags Flipkart to CCI for unfair practices

  10-07-2026 02:49 via timesofindia.indiatimes.com
  
  The Forum for Internet Retailers, Sellers & Traders has filed a complaint against Flipkart with the Competition Commission of India. FIRST alleges Flipkart uses deep discounting and a fund reservoir to distort competition. This mechanism allegedly benefits preferred sellers and excludes smaller retailers from the marketplace. The complaint details how Flipkart's practices impact independent sellers' ability to compete.
  
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• KKR-backed Lighthouse to buy Gurugram-based Pathways School

  10-07-2026 02:22 via timesofindia.indiatimes.com
  
  Lighthouse Learning Group is acquiring Pathways School Gurgaon for approximately Rs 1,500 crore. This transaction marks a significant deal within India's school education sector. The school operates as a company, which may have influenced its valuation. Lighthouse Learning has recently acquired other educational institutions in the region. New owners might adjust costs and fees to sustain school operations.
  
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• TCS Q1 revenue rises 2.7%, company adds over 9,000 to workforce

  10-07-2026 01:46 via timesofindia.indiatimes.com
  
  TCS reported June-quarter revenue of $7.6 billion, showing a modest year-on-year increase. The company added over nine thousand employees, marking significant workforce expansion. Consolidated net profit saw a sequential decline after a one-time legal charge. Operating margins decreased due to annual wage hikes, with a goal to return to twenty-five percent. TCS expects AI to evolve jobs rather than eliminate them, creating new roles.
  
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