Economy news

• US stocks today: Wall Street inches higher as crude calms down; Dow jumps over 330 points, Nasdaq trades flat

  24-07-2026 17:38 via timesofindia.indiatimes.com
  
  Wall Street saw some relief as oil prices fell, but weekly losses continued. Investors weighed geopolitical tensions, new US tariffs, and the Federal Reserve's policy outlook. Major indices like the S&P 500 and Dow Jones Industrial Average posted gains on Friday. However, losses in technology firms like Micron and Broadcom capped broader market advances. Concerns over inflation and interest rates remain central to market sentiment.
  
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• Cabinet approves Ballari-Guntakal rail project to boost freight, passenger connectivity

  24-07-2026 15:38 via timesofindia.indiatimes.com
  
  The Union cabinet approved a Rs 1,264-crore railway project for new lines. This initiative will enhance freight movement and passenger connectivity across key states. The project aims to ease congestion and improve logistics efficiency significantly. Additional rail capacity will facilitate smoother movement of passengers and goods. This expansion is scheduled for completion by 2028-29.
  
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• Sensex down 900 points, Nifty50 ends below 23,800: Why stock market crashed today

  24-07-2026 14:19 via timesofindia.indiatimes.com
  
  Indian stock markets closed lower for a fifth consecutive session on Friday. Rising oil prices and Middle East tensions fueled investor caution and market pressure. Foreign institutional investors continued their selling trend, impacting market sentiment negatively. Renewed concerns over US trade tariffs also contributed to the overall market decline. Selling in heavyweight stocks like Infosys and HDFC Bank added to the day's losses.
  
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• BHAVYA Rasayan scheme: Cabinet approves Rs 3,030 crore for three chemical parks

  24-07-2026 14:19 via timesofindia.indiatimes.com
  
  The Union cabinet approved a new Rs 3,030-crore scheme for three dedicated chemical parks. This initiative aims to strengthen India's chemicals sector with world-class infrastructure. The Bharat Audyogik Vikas Yojana Rasayan scheme will be implemented over five years. The Centre will provide up to Rs 1,000 crore grant for each park. This plan seeks to boost manufacturing, attract investments, and create jobs.
  
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• 12.5% to 10%: Why Trump admin imposed reduced tariff rate on India & what it means

  24-07-2026 13:45 via timesofindia.indiatimes.com
  
  US Trade Representative Jamieson Greer announced the revised tariffs on 60 economies on Thursday, one day before the expiry of the temporary additional 10% duties that had been imposed on imports from all countries.
  
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• India's fertiliser game plan: Over 32 lakh tonnes imported in Q1; strengthened supply chain through overseas deals

  24-07-2026 13:16 via timesofindia.indiatimes.com
  
  India imported over 32 lakh tonnes of key fertilizers during the first quarter. Domestic production of fertilizers reached 115.72 lakh tonnes in the same period. The government is diversifying import sources to mitigate supply chain risks. Long-term agreements are being finalized with overseas suppliers for fertilizer security. India is sourcing water-soluble fertilizers from multiple countries to offset shortfalls.
  
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• 10% US tariff on India: What it means for the country's exports

  24-07-2026 12:14 via timesofindia.indiatimes.com
  
  United States imposed a ten percent tariff on Indian goods, offering some relief. Economists believe the immediate impact on India's exports will be limited. Reducing dependence on single markets and broadening global reach is crucial. Certainty after months of shifting proposals is a positive development. Sustained export growth depends on competitiveness and diversification efforts.
  
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• 'No need to respond in advance': Canadian PM Mark Carney rules out retaliatory tariffs before Aug 19

  24-07-2026 07:54 via timesofindia.indiatimes.com
  
  Canada will not retaliate in advance against proposed US tariffs, preferring negotiations. Prime Minister Mark Carney stated that premature action would be counterproductive at this stage. Ottawa is intensifying efforts to strike a comprehensive trade agreement with the United States. Canada has not ruled out measures if tariffs are imposed by Washington. The country is also working to reduce its dependence on the US market.
  
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• RBI intervention lifts rupee 22 paise to 96.5 despite Brent crude topping $100

  24-07-2026 07:22 via timesofindia.indiatimes.com
  
  The Indian Rupee recovered 22 paise against the US dollar in early trade. This recovery occurred despite crude oil prices breaching the $100 a barrel mark. The Reserve Bank of India's intervention likely helped stabilize the domestic currency. Foreign institutional investor outflows and weak domestic equities capped further gains for the Rupee. Brent crude prices rose amid escalating Middle East tensions and shipping route clashes.
  
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• Oil holds above $100 as Red Sea attacks and Kazakhstan outage tighten supplies

  24-07-2026 04:01 via timesofindia.indiatimes.com
  
  Oil prices have sharply rebounded, exceeding one hundred dollars per barrel. Attacks on Saudi oil tankers in the Red Sea have revived supply fears. Kazakhstan's oil exports also faced disruptions, adding to global concerns. This marks a significant reversal from recent price declines seen earlier. These events have tightened the noose around global energy supply routes.
  
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• Flipkart to enter food delivery space in a month

  24-07-2026 03:35 via timesofindia.indiatimes.com
  
  Set To Take On Zomato, Swiggy | Pilot Likely In B'luru | Separate App, ONDC Launch Planned
  
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• Iran war pushes Brent to $100, oil companies fear hit to their finances

  24-07-2026 02:34 via timesofindia.indiatimes.com
  
  Houthi Rebels' Attacks Add To Shipping Woes
  
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