Economy news

• Why HDFC Bank’s board has imposed a Rs 1 lakh penalty each on its MD, CFO and Group head

  27-07-2026 17:48 via timesofindia.indiatimes.com
  
  The board also issued warning letters to the other employees involved in the case, which relates to the mobilisation of large deposits from MSRDC between 2017 and 2021 through the alleged payment of around Rs 45 crore under the head of marketing expenses.
  
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• Why HDFC Bank’s board has imposed a Rs 1 lakh penalty each on its MD, CFO and Group head

  27-07-2026 17:48 via timesofindia.indiatimes.com
  
  The board also issued warning letters to the other employees involved in the case, which relates to the mobilisation of large deposits from MSRDC between 2017 and 2021 through the alleged payment of around Rs 45 crore under the head of marketing expenses.
  
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• Rs 100 crore club gets bigger: Number of nine-figure income filers quadruples in five years

  27-07-2026 17:47 via timesofindia.indiatimes.com
  
  More Indians are reporting nine-figure incomes on tax returns.The number of these high-earners rose to 576 in the 2025-26 assessment year.This figure represents a fourfold increase from five years prior.The government is implementing measures to reduce income inequality.These measures include progressive taxation and increased social spending.
  
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• Rs 100 crore club gets bigger: Number of nine-figure income filers quadruples in five years

  27-07-2026 17:47 via timesofindia.indiatimes.com
  
  More Indians are reporting nine-figure incomes on tax returns.The number of these high-earners rose to 576 in the 2025-26 assessment year.This figure represents a fourfold increase from five years prior.The government is implementing measures to reduce income inequality.These measures include progressive taxation and increased social spending.
  
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• US stock market today: Wall Street rallies as US-Iran tensions ease; Nasdaq rises 1%

  27-07-2026 16:10 via timesofindia.indiatimes.com
  
  Early trading saw the S&P 500 rise 0.8%, recovering after two consecutive weeks of losses. The Dow Jones Industrial Average advanced 581 points, while the Nasdaq Composite gained 1%.
  
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• US stock market today: Wall Street rallies as US-Iran tensions ease; Nasdaq rises 1%

  27-07-2026 16:10 via timesofindia.indiatimes.com
  
  Early trading saw the S&P 500 rise 0.8%, recovering after two consecutive weeks of losses. The Dow Jones Industrial Average advanced 581 points, while the Nasdaq Composite gained 1%.
  
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• Oil on edge, rupee steady: How geopolitics and RBI are lifting the currency ahead of Monetary policy committee meeting

  27-07-2026 13:54 via timesofindia.indiatimes.com
  
  Analysts anticipate the Indian rupee entering a stable phase soon.Global crude oil prices will continue to significantly influence the currency's movement.Sustained high oil prices may increase inflation and widen India's current account deficit.However, a steep depreciation in the rupee is not expected by experts.The Reserve Bank of India's monetary policy meeting in August is also a key event.
  
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• Oil on edge, rupee steady: How geopolitics and RBI are lifting the currency ahead of Monetary policy committee meeting

  27-07-2026 13:54 via timesofindia.indiatimes.com
  
  Analysts anticipate the Indian rupee entering a stable phase soon.Global crude oil prices will continue to significantly influence the currency's movement.Sustained high oil prices may increase inflation and widen India's current account deficit.However, a steep depreciation in the rupee is not expected by experts.The Reserve Bank of India's monetary policy meeting in August is also a key event.
  
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• Ethanol-blended petrol rollout: Govt says 'no assessment done' on number of E20-compatible vehicles

  27-07-2026 12:58 via timesofindia.indiatimes.com
  
  India's government has not estimated E20 fuel compatible vehicles nationwide.However, the ethanol blending program is scientifically validated and consultative.Studies and industry data confirm E20 fuel is safe for vehicle use.Legacy vehicles showed no significant performance variations or wear on E20.Manufacturers continue honoring warranties for vehicles using the blended fuel.
  
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• Ethanol-blended petrol rollout: Govt says 'no assessment done' on number of E20-compatible vehicles

  27-07-2026 12:58 via timesofindia.indiatimes.com
  
  India's government has not estimated E20 fuel compatible vehicles nationwide.However, the ethanol blending program is scientifically validated and consultative.Studies and industry data confirm E20 fuel is safe for vehicle use.Legacy vehicles showed no significant performance variations or wear on E20.Manufacturers continue honoring warranties for vehicles using the blended fuel.
  
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• Stock market today: BSE Sensex rallies over 750 points, Nifty50 ends shy of 24,000 - top reasons for rise

  27-07-2026 12:34 via timesofindia.indiatimes.com
  
  Improving relations between Iran and the US, softer crude oil prices and other supportive factors boosted investor confidence. Buying was broad-based.
  
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• Stock market today: BSE Sensex rallies over 750 points, Nifty50 ends shy of 24,000 - top reasons for rise

  27-07-2026 12:34 via timesofindia.indiatimes.com
  
  Improving relations between Iran and the US, softer crude oil prices and other supportive factors boosted investor confidence. Buying was broad-based.
  
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• India gets a lower US tariff; here's why textile exporters are still worried

  27-07-2026 11:50 via timesofindia.indiatimes.com
  
  India's textile sector faces US market pressure despite a 10% tariff rate.Competitors received tariff-rate quota exemptions which India missed out on.This absence weakens India's overall competitiveness against rival nations.However, India remains a relative beneficiary of the revised US tariff framework.Future investigations could expose India to additional tariffs, necessitating trade deal negotiations.
  
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• ITR filing deadline: What happens if you don’t file your income tax return by July 31, 2026? Penalty, consequences explained

  27-07-2026 11:46 via timesofindia.indiatimes.com
  
  ITR filing FY 2025-26: Many individuals are unsure about whether they are required to file their income tax return or not at a particular income level. An income tax return needs to be filed if your taxable income is more than the basic exemption limit.
  
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• Over 500% jump! Why CXMT skyrocketed on stock market debut to become China’s most valuable listed company

  27-07-2026 10:14 via timesofindia.indiatimes.com
  
  ChangXin Memory Technologies or CXMT, China's largest manufacturer of DRAM chips, raised 57.92 billion yuan ($8.6 billion) through Asia's biggest initial public offering this year.
  
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• Discount, premium, discount, premium: How Russian crude prices swung as India stepped up procurement amid US-Iran war

  27-07-2026 09:06 via timesofindia.indiatimes.com
  
  The effective closure of the Strait of Hormuz in early March left tankers carrying crude from Gulf producers stranded in the Persian Gulf, forcing refiners to urgently secure alternative supplies.
  
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• Stocks to buy: What's the outlook for Nifty for July 27-July 31 week? Check list of top stock recommendations

  27-07-2026 08:15 via timesofindia.indiatimes.com
  
  Stock market recommendations: Hindustan Aeronautics Ltd (HAL), and United Spirits Ltd have been identified by Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities as the top stocks to buy this week starting July 27, 2026.
  
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• Gold price prediction today: Gold rises, but will the upside be limited? Check outlook for July 27, 2026 week

  27-07-2026 07:16 via timesofindia.indiatimes.com
  
  Gold price prediction today: Gold prices have staged a recovery as geopolitical tensions show signs of abating, but the gains are likely to be limited ahead of the US Federal Reserve’s policy this week, says Manav Modi.
  
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• Rupee jumps 28 paise against US dollar as crude price drops to $92 per barrel

  27-07-2026 06:26 via timesofindia.indiatimes.com
  
  The Indian Rupee opened stronger against the US dollar on Monday. This rise was supported by declining crude oil prices and a weaker dollar. Easing Middle East hostilities between the US and Iran also improved global sentiment. Domestic equities traded higher, which further boosted the local currency's performance. Foreign institutional investors remained net sellers of equities on Friday.
  
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• Top stocks to buy: Stock recommendations for July 27, 2026 week - check list

  27-07-2026 05:31 via timesofindia.indiatimes.com
  
  Stock market recommendations: Federal Bank, and TVS Motors - Motilal Oswal Wealth Management Research Desk has recommended these two stocks as the top stock picks for the July 27, 2026 week:
  
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• Oil prices fall 5%: Crude cools as US-Iran pause fuels hopes of diplomatic breakthrough

  27-07-2026 03:51 via timesofindia.indiatimes.com
  
  Oil prices dropped sharply as the United States and Iran held back from launching fresh strikes. This pause raised hopes that diplomacy could ease Middle East tensions and restore shipping. Brent crude futures fell significantly, trading at their lowest levels in nearly a week. Shipping through key trade routes remained subdued despite the pause in attacks. Uncertainty continues to linger over the conflict and its impact on energy markets.
  
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• Cheaper, open, intelligent: Chinese AI models gain ground, as they make inroads in the US

  27-07-2026 02:42 via timesofindia.indiatimes.com
  
  Chinese artificial intelligence models are increasingly adopted by American users and companies. These advanced systems offer greater affordability and efficiency compared to domestic alternatives.US tech giants face frustration as Chinese AI gains global traction and market share.Restrictions are in place, but Chinese AI startups continue to innovate and expand.This trend highlights a significant shift in the global artificial intelligence landscape.
  
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• IPO buzz: Over a dozen companies set to raise Rs 25,000 crore in August

  27-07-2026 02:05 via timesofindia.indiatimes.com
  
  Next month is expected to see a surge in initial public offerings. Over a dozen companies, including Zepto and Shiprocket, are preparing to launch their IPOs. These upcoming issues are anticipated to collectively raise more than twenty-five thousand crore rupees. Companies are proceeding with their IPO plans as markets stabilize and investor sentiment improves. This fresh pipeline reflects sustained activity and demand for new listings in the primary market.
  
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• Infosys faces €175,000 fine in France over time record system

  27-07-2026 01:58 via timesofindia.indiatimes.com
  
  French labour authorities imposed a fine of €175,000 on Infosys. This penalty was due to its employee time-recording system not meeting local laws. The regional labour authority cited issues with reliability and auditability. Infosys stated the fine will not materially impact its financial performance. The company received the communication from DRIEETS Ile-de-France.
  
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• BNP to take bancassurance route for insurance re-entry

  27-07-2026 01:38 via timesofindia.indiatimes.com
  
  BNP Paribas Cardif is acquiring a significant stake in IndiaFirst Life Insurance. This strategic investment marks Warburg Pincus's exit from the life insurer. The French insurer brings extensive global bancassurance expertise to the partnership. IndiaFirst Life will now operate as a three-way venture with two public sector banks. This collaboration aims to expand access to protection and savings solutions across India.
  
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• Tata Sons' AGM may face hurdle over quorum clause

  27-07-2026 01:34 via timesofindia.indiatimes.com
  
  Tata Sons' upcoming annual general meeting faces a quorum challenge. This issue could affect the reappointment of chairman N Chandrasekaran. A charity commissioner's order prevents a key trust from nominating a representative. Without this nominee, the meeting's quorum requirement cannot be met. This situation may delay crucial business and Chandrasekaran's directorship.
  
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• India fuels Bitchat's global rise despite takedown order

  27-07-2026 00:46 via timesofindia.indiatimes.com
  
  Bitchat, an internet-free messaging app, is gaining popularity in India.The app saw significant download increases in the week ending July 24.India accounted for over half of Bitchat's global downloads during this period.Civil liberty groups have criticized the government's actions as unconstitutional.The app has also climbed app store rankings significantly.
  
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• July FPI inflows touch Rs 42,000 crore, top February record

  27-07-2026 00:28 via timesofindia.indiatimes.com
  
  Foreign portfolio investors became net buyers of Indian equities in July. This marked a reversal after four months of significant outflows from the market. Total foreign inflows reached their strongest point this year, surpassing February's figures. Equity segment saw intense selling pressure earlier, with substantial outflows recorded. Debt markets remained resilient, attracting significant inflows throughout the year.
  
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