Economy news

• Uber to buy Delivery Hero in $15 billion deal

  16-07-2026 23:12 via timesofindia.indiatimes.com
  
  Uber will buy Germany's Delivery Hero for $14.8 billion. This creates the largest food delivery group outside China. The acquisition helps Uber compete with rivals like Just Eat. Uber expects the transaction to finish in the second half of next year. Together, both companies will nearly double their market presence.
  
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• Fuel-saving tech may be rewarded

  16-07-2026 23:09 via timesofindia.indiatimes.com
  
  New fuel efficiency rules may reward various fuel-saving technologies.Manufacturers can earn compliance benefits for technologies like start-stop systems.These approved technologies will offer credits equivalent to grams of CO2 per kilometer.This framework encourages wider deployment of features across mass-market vehicles.The draft also strengthens the case for flex-fuel vehicles with renewable fuel incentives.
  
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• MG eyes up to 80% sales from 'new energy' vehicles

  16-07-2026 23:06 via timesofindia.indiatimes.com
  
  JSW MG Motor India is increasing its focus on new-energy vehicles this year.Higher fuel costs and awareness of savings are driving EV adoption significantly.The company expects new-energy vehicles to comprise eighty percent of its total sales.MG will introduce its first plug-in hybrid later this financial year.This new platform supports various new energy vehicle types on one base.
  
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• Govt to take steps to boost liquidity for small biz

  16-07-2026 22:59 via timesofindia.indiatimes.com
  
  The government plans new tools to boost liquidity for micro, small, and medium enterprises. Amendments to the MSME Development Act will be moved in Parliament soon. These changes aim to remove business hurdles and improve cash flow for these crucial companies. A new online dispute resolution mechanism will also be introduced for faster payment recovery. The Udyam registration portal will receive statutory backing as part of these reforms.
  
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• Banks can't sell back seized assets to defaulters: RBI

  16-07-2026 22:55 via timesofindia.indiatimes.com
  
  RBI has barred defaulting borrowers from repurchasing seized properties.New directions effective October 1, 2026, tighten norms for stressed accounts.Banks must adopt board-approved policies for asset recognition and recovery efforts.Assets must be disposed of through public auctions within seven years.Seized assets will be disclosed separately and not included in NPA ratios.
  
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• Govt to take equity stakes in semiconductor startups

  16-07-2026 22:47 via timesofindia.indiatimes.com
  
  Works on a model of larger, milestone-linked funding
  
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• India's first hydrogen-powered train to be flagged off on July 17: 10 facts and photos you shouldn't miss

  16-07-2026 18:18 via timesofindia.indiatimes.com
  
  India’s first hydrogen-powered train is ready for launch! Marking a major milestone for Indian Railways, the country’s first hydrogen will be flagged off by Prime Minister Narendra Modi on July 17. This is the first time that India is introducing a train that produces its own electricity onboard using hydrogen, which is widely regarded as the cleanest fuel available. This also places India among the few countries in the world that are testing hydrogen trains. Why is India’s fir
  
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• India’s First Hydrogen-Powered Train To Be Flagged Off On July 17: 10 Facts & Photos You Shouldn’t Miss

  16-07-2026 18:18 via timesofindia.indiatimes.com
  
  India’s first hydrogen-powered train is ready for launch! Marking a major milestone for Indian Railways, the country’s first hydrogen will be flagged off by Prime Minister Narendra Modi on July 17. This is the first time that India is introducing a train that produces its own electricity onboard using hydrogen, which is widely regarded as the cleanest fuel available. This also places India among the few countries in the world that are testing hydrogen trains. Why is India’s fir
  
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• India’s First Hydrogen-Powered Train Flagged Off by PM Modi: 10 Facts & Photos You Shouldn’t Miss

  16-07-2026 18:18 via timesofindia.indiatimes.com
  
  ​India’s first hydrogen-powered train has been launched! Marking a major milestone for Indian Railways, the country’s first hydrogen was flagged off by Prime Minister Narendra Modi on July 17. This is the first time that India is introducing a train that produces its own electricity onboard using hydrogen, which is widely regarded as the cleanest fuel available. This also places India among the few countries in the world that are testing hydrogen trains. Why is India’s fi
  
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• Cyberattack hits Japan's ice cream giant Glico after KFC, disrupts sushi and supermarket deliveries

  16-07-2026 16:45 via timesofindia.indiatimes.com
  
  A cyberattack on Nichirei has disrupted ice cream and fast food supplies across Japan. Popular companies like Ezaki Glico and KFC Japan are experiencing significant product delays. Some restaurants may face temporary menu changes and potential store closures due to shortages. This incident follows other recent cyberattacks targeting major Japanese corporations. The government urges companies to update systems and strengthen cybersecurity measures.
  
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• 100 items, imports worth $51 billion: India eyes fresh domestic manufacturing push to reduce reliance on overseas suppliers

  16-07-2026 16:21 via timesofindia.indiatimes.com
  
  The renewed focus on expanding domestic production comes as India faces heightened supply-chain risks arising from geopolitical tensions. At the same time, the government is seeking to lower its dependence on China while reducing the country's trade deficit.
  
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• US stocks today: AI stocks drop again; crude oil prices continue to climb

  16-07-2026 16:01 via timesofindia.indiatimes.com
  
  The S&P 500 declined 0.4%, a day after coming within 0.5% of the record high it reached last month. As of 7:05 PM IST, the Dow Jones Industrial Average had gained 64 points, or 0.1%, while the Nasdaq Composite was down 0.8%.
  
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• Harsh reality for H-1B visa returnees: Changed Indian IT hiring landscape, lower salaries and fewer jobs

  16-07-2026 14:24 via timesofindia.indiatimes.com
  
  Recruitment trends indicate that companies are hiring cautiously, and many returnees are getting jobs at less than their salary expectations. Artificial intelligence has compounded the challenge since many roles have become redundant.
  
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• Why India’s trade deal with UK is not just about tariffs - the benefits extend beyond that

  16-07-2026 12:48 via timesofindia.indiatimes.com
  
  Yes, the tariff story matters. Britain will eliminate duties on 99% of Indian tariff lines, and that is no small concession. But the real point is sectoral: the benefits fall squarely on labour-intensive industries that create jobs at scale.
  
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• 100% US tariff threat over Russian oil: India may have reasons to stay calm

  16-07-2026 09:55 via timesofindia.indiatimes.com
  
  This is not the first attempt by the US to penalise countries purchasing Russian oil. Last year, Washington imposed an additional 25% tariff on India over its imports of Russian crude, before reversing the measure in February.
  
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• India's first hydrogen train set for launch: All you need to know

  16-07-2026 09:05 via timesofindia.indiatimes.com
  
  India will soon launch its first hydrogen fuel cell train on Friday. Prime Minister Narendra Modi will flag off the train in Haryana. This train generates its own electricity onboard using hydrogen fuel. The project establishes India's first integrated hydrogen railway ecosystem. This initiative marks a significant step towards cleaner transport solutions.
  
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• US Fed enlists ex-RBI guv Rajan, 2 other Indians for massive policy overhaul

  16-07-2026 07:19 via timesofindia.indiatimes.com
  
  Former RBI governor Raghuram Rajan will help shape US monetary policy. He joins a Federal Reserve task force reviewing its policy framework. Rajan will examine balance sheet policy alongside other experts. Other panels will assess data, productivity, and inflation frameworks. These initiatives aim to improve the central bank's future policy approach.
  
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• Bank holiday today: Will banks remain shut for Rath Yatra and Harela on July 16? Check state-wise list

  16-07-2026 06:30 via timesofindia.indiatimes.com
  
  Bank branches will be closed in Odisha, Uttarakhand, and Manipur on July 16. These closures are for Ratha Yatra and the Harela festival celebrations. Customers can still use online and mobile banking services for transactions. Other regional holidays are scheduled later this month across various states. Regular banking operations will resume on the next working day.
  
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• Top stocks to buy today: Stock recommendations for July 16, 2026 - check list

  16-07-2026 05:25 via timesofindia.indiatimes.com
  
  Top stock market recommendations: Anant Raj, Sobha Ltd, and PNB Housing Finance have been identified as the top stocks to buy by Aakash K Hindocha, Vice President - Research, Nuvama Professional Clients Group/Nuvama Wealth Management for July 16, 2026. Views on Nifty and Bank Nifty have also been shared:
  
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• 'Very cute': US President Donald Trump welcomes new $1 coin with his face on it

  16-07-2026 05:11 via timesofindia.indiatimes.com
  
  A new US dollar coin will feature President Donald Trump for America's 250th birthday. This commemorative coin is scheduled for release in the autumn of 2026. The design includes Trump's image and traditional American symbols on both sides. Critics raised concerns about this move conflicting with an 1866 law. The Treasury Department stated the coin is legal under a 2020 act.
  
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• China's economy stumbles with growth below target: Report

  16-07-2026 04:08 via timesofindia.indiatimes.com
  
  China's economy slowed more than expected last quarter, reaching its weakest point in over three years. Gross domestic product grew 4.3% from a year ago, missing official targets. This slowdown will likely dominate upcoming Politburo meetings this month. Officials may accelerate public spending and boost infrastructure investment. This action aims to ensure the annual growth goal is met.
  
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• Union Cabinet clears Rs 1.9 lakh crore push for chips, mobile phones

  16-07-2026 03:54 via timesofindia.indiatimes.com
  
  The Union Cabinet approved two schemes totaling Rs 1.9 lakh crore for electronics manufacturing.These initiatives aim to boost semiconductor fabrication and mobile phone production significantly.The government plans to deepen domestic value addition and reduce import dependence.These schemes will run for five years starting from 2026-27.India targets a $500 billion electronics manufacturing industry by 2030-31.
  
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• Oil prices extend gain for fourth day, stay beyond $85 amid Middle East chaos

  16-07-2026 03:45 via timesofindia.indiatimes.com
  
  Crude oil prices climbed for a fourth day, exceeding eighty-five dollars per barrel. Investors reacted to escalating United States and Iran conflict and shipping route security. United States strikes on Iran's missile sites and coastal defense positions occurred. This intensified worries over oil moving through the Strait of Hormuz. Analysts suggest prices could rise further depending on conflict developments.
  
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• TVS arm Home Credit to buy education loan company for Rs 967 crore

  16-07-2026 03:43 via timesofindia.indiatimes.com
  
  Home Credit India will acquire Varthana Finance in an all-cash deal valued at Rs 967 crore. This transaction will make Varthana a wholly owned subsidiary of Home Credit India. The acquisition aims to diversify portfolios and improve business mix for the company. It is expected to create synergies in distribution, technology, and risk management. Regulatory approvals are required, with completion anticipated within nine months.
  
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• Tata Motors pips M&M to regain No 2 ranking

  16-07-2026 03:40 via timesofindia.indiatimes.com
  
  India's passenger vehicle market recorded its strongest first quarter ever. Domestic sales increased significantly, driven by SUV demand and new model launches. Tata Motors reclaimed the second position, surpassing Mahindra & Mahindra in sales figures. Maruti Suzuki maintained its leading market share, while Hyundai Motor India held fourth place. Strong performance from models like Punch and Nexon anchored Tata Motors' sales growth.
  
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• Rising cost fuels rush for refurbished devices

  16-07-2026 03:37 via timesofindia.indiatimes.com
  
  India's refurbished device market is set to significantly outperform new ones this year. Soaring memory costs are pushing up prices and driving consumers toward certified pre-owned alternatives. Leading brands are strengthening their official refurbished programs as the secondary market becomes mainstream. Refurbished smartphone shipments are expected to grow about twelve percent in 2026. The refurbished laptop market will also post double-digit growth this year.
  
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• Ficci chief Anant Goenka: It's for industry to take advantage of FTAs

  16-07-2026 03:34 via timesofindia.indiatimes.com
  
  Economic momentum sustains as oil prices moderate and trade deals offer new opportunities. Corporate sector performance shows robust demand, with automotive and banking sectors leading growth. Manufacturing faces margin stress due to inventory, while IT remains under pressure. Industry is preparing for increased demand, with capacity additions planned after reaching utilization levels. Concerns about Chinese dumping necessitate a stronger trade defense mechanism for fair competition.
  
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• India-UK trade deal: British cars get cheaper but Scotch has to wait

  16-07-2026 03:26 via timesofindia.indiatimes.com
  
  British car prices are decreasing as the India-UK CETA agreement begins implementation. Imported Scotch and Indian whiskies will see price reductions after state excise clearances. Car manufacturers like JLR and McLaren have already announced significant price cuts on their vehicles. Alcohol taxes remain high, impacting the extent of price reductions for consumers. Companies will decide if duty benefits are passed on to customers.
  
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• June jobless rate remains at 5.5%, but women find it hard to get work

  16-07-2026 02:57 via timesofindia.indiatimes.com
  
  The national unemployment rate remained steady at five point five percent in June. Women experienced a rise in joblessness, reaching five point nine percent. Meanwhile, the jobless rate for men saw a slight decrease to five point three percent. Female labor force participation declined for the fourth consecutive month. This drop was largely due to a sharp fall in rural areas.
  
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• ILO: 100 crore covered under social security

  16-07-2026 02:54 via timesofindia.indiatimes.com
  
  India's social protection system now reaches 100 crore people, covering over two-thirds of its population. This significant expansion reflects the government's commitment to inclusive development and social welfare initiatives. The International Labour Organisation director general highlighted this achievement during a Brics meeting. Social protection coverage has grown substantially from 25 crore citizens in 2015 to over 100 crore by 2026.
  
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• New technology helps EPFO clear claims faster

  16-07-2026 02:43 via timesofindia.indiatimes.com
  
  EPFO's new technology is accelerating claim settlements and interest payments for members. Auto-processing now handles eighty-three percent of subscriber claims, a notable improvement. The organization recently processed a record eleven lakh claims, clearing a substantial backlog. This modernization allows for same-day claim processing and faster interest credit. EPFO's improved systems will also help manage legacy issues and inoperative accounts.
  
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