Economy news

• IndiGo offers crisis management plan to settle CCI probe into flight disruption case

  23-07-2026 18:54 via timesofindia.indiatimes.com
  
  IndiGo has proposed commitments to the Competition Commission of India. These proposals aim to address concerns over past flight disruptions and unfair practices. The airline will establish a crisis management group and a passenger grievance mechanism. IndiGo also offered to temporarily hand over airport slots during major disruptions. The CCI is now seeking public comments on these proposed commitments.
  
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• US stocks today: Wall Street trades in red as oil tops $100 per barrel; Nasdaq tumbles over 2%, Dow slips over 600 points

  23-07-2026 17:46 via timesofindia.indiatimes.com
  
  Major stock markets opened lower as Big Tech's AI spending raised investor concerns.Alphabet and Tesla shares fell significantly after their latest quarterly earnings reports.Oil prices surged past one hundred dollars per barrel amid Middle East tensions.This geopolitical situation also increased expectations for a potential Federal Reserve interest rate hike.Weak market breadth indicated more declining stocks than advancing ones across exchanges.
  
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• Premium petrol to remain ethanol-free; no plan to blend beyond 20% as of now: Govt to Parliament

  23-07-2026 17:33 via timesofindia.indiatimes.com
  
  Premium petrol grades will continue to be ethanol-free for consumers.The government has no plans to reintroduce lower ethanol blends like E0 or E10.Current ethanol blending in regular petrol will remain at twenty percent.No widespread adverse impacts have been reported from E20 fuel usage.Future decisions on higher blending will follow extensive studies and consultations.
  
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• Oil's $100 comeback: Brent hits a three-month high as Red Sea tensions escalate

  23-07-2026 17:06 via timesofindia.indiatimes.com
  
  Crude oil prices surged past one hundred dollars per barrel amid Middle East tensions. Houthi attacks on Saudi oil tankers in the Red Sea caused market concern. This escalation has heightened fears over global energy supply safety and stability. Domestic crude futures also climbed significantly, mirroring the international price rally. Geopolitical risks are now the primary driver for the current oil market surge.
  
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• Longer routes, higher costs, 26,000 cancellations: US-Iran conflict hits Indian airlines

  23-07-2026 13:57 via timesofindia.indiatimes.com
  
  Indian airlines have cancelled approximately 26,000 international flights due to Middle East airspace restrictions.These disruptions have led to flight diversions and delays, impacting airline operations significantly.Longer flight routes are increasing fuel consumption and raising overall operating expenses for carriers.Airlines are also experiencing substantial revenue losses as the conflict continues.Despite these challenges, carriers are implementing measures to maintain service continuity.
  
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• Will employees finally get paid faster after resignation? Understanding labour codes and full & final settlement

  23-07-2026 13:44 via timesofindia.indiatimes.com
  
  For an employee, the last salary from the previous organisation is not just a payroll entry. It may be needed for rent, relocation expenses, family commitments, education fees, loan repayments or simply to manage the gap before the first salary from the new employer
  
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• India's first hydrogen-powered train clocks around 900 km in five days

  23-07-2026 13:15 via timesofindia.indiatimes.com
  
  India's first hydrogen fuel cell train has covered 900 kilometers on its initial operational route. This new train runs on hydrogen fuel cells, producing only water vapor and heat. Passenger fares remain consistent with ordinary diesel services on this pilot project. The train operates on the Jind-Sonipat corridor in Haryana, carrying many passengers. India joins a select group of nations testing this advanced rail technology.
  
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• Axis Bank's MF arm acquires Rs 12,000 crore PMS business from securities arm

  23-07-2026 12:21 via timesofindia.indiatimes.com
  
  Axis Asset Management Company is acquiring Axis Securities' portfolio management services business. This strategic move significantly expands their alternative investments platform and investor base. The combined portfolio management services assets under management will now exceed fifteen thousand crore rupees. The entire portfolio management services team has transitioned to Axis Asset Management Company. This acquisition strengthens their position in the growing alternatives investment segmen
  
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• Beyond Hormuz: Gulf is spending billions to find new routes to global markets

  23-07-2026 12:19 via timesofindia.indiatimes.com
  
  Gulf nations are accelerating pipeline projects to bypass the Strait of Hormuz.These new routes aim to move oil without relying on the narrow waterway.Several major pipeline projects are under construction or being planned.Diversification efforts aim to protect regional oil exports from disruptions.These alternative routes face their own risks and increased costs.
  
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• Rupee rises to 96.49 against US dollar, rising oil prices limit gains

  23-07-2026 06:13 via timesofindia.indiatimes.com
  
  The Indian rupee saw a slight gain against the US dollar on Thursday.Rising crude oil prices continue to exert pressure on the currency.The Reserve Bank of India's intervention is expected to limit sharper losses.Foreign investors showed mixed sentiment in Indian equities and bonds.Stock markets opened on a weak note, with key indices falling.
  
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• More pulp, less tax: Govt panel hits the sweet spot with 'aam' proposal to help Totapuri farmers

  23-07-2026 05:40 via timesofindia.indiatimes.com
  
  The government proposes a 5% GST rate for mango drinks with 22-25% real pulp. This move aims to revive Totapuri mango pulp demand and improve beverage quality. An expert committee studied Totapuri price declines and suggested solutions for farmers. Recommendations include price stabilization committees and orchard rejuvenation techniques. The government will consult ministries to finalize standards and the tax structure.
  
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• Oil prices touch six week high as Strait of Hormuz is 'completely closed'

  23-07-2026 04:01 via timesofindia.indiatimes.com
  
  Crude oil prices surged as Middle East conflict escalated on Thursday. Brent crude rose above $96 a barrel and WTI climbed past $88. Fresh attacks on oil tankers in the Red Sea fueled supply concerns. Iran's Revolutionary Guards claimed control of the Strait of Hormuz. Houthi naval blockades further amplified worries over global energy shipments.
  
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• Improving liquidity helping robust growth in credit: RBI

  23-07-2026 00:33 via timesofindia.indiatimes.com
  
  India's economy shows resilience amid global uncertainties and fragile geopolitics.Liquidity conditions have improved, supporting robust credit growth across the nation.The external sector remains steady, with foreign investment inflows strengthening its outlook.Rural and urban demand conditions are healthy, reflecting strong economic activity.Retail inflation edged up in June, driven by food and fuel components.
  
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• Pharma companies in a flux over Trump's 200% tariff move on generics

  23-07-2026 00:24 via timesofindia.indiatimes.com
  
  2-year window, P 15
  
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