Economy news

• US stock market today: S&P 500, Dow Jones trade flat; Nasdaq drops over 1% as chips stocks drop

  28-07-2026 16:06 via timesofindia.indiatimes.com
  
  Broader market sentiment remained supported by another round of stronger-than-expected corporate earnings. Coca-Cola advanced 5.8% after reporting a 7% increase in revenue, despite what Chief Executive Officer Henrique Braun described as “a dynamic consumer landscape.”
  
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• Big manufacturing push: How India is aiming to future proof its supply chains from global conflicts

  28-07-2026 15:26 via timesofindia.indiatimes.com
  
  The idea is to reduce trade deficit, conserve foreign exchange reserves and also to position India as an alternative global manufacturing hub to China. What is being planned and how will the focus on the manufacturing sector help India reduce its dependence on global supplies?
  
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• India’s 'looksmaxxing' economy: More science, more spending, fewer taboos

  28-07-2026 14:51 via timesofindia.indiatimes.com
  
  India's beauty market is rapidly expanding, driven by evolving consumer attitudes and increased awareness. Skincare routines now feature advanced ingredients, replacing older methods. Cosmetic procedures are becoming mainstream, with many seeking subtle enhancements. Digital platforms and influencers significantly shape purchasing decisions for beauty products. This shift reflects a move towards personalized wellness and a broader definition of beauty.
  
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• IIP data: Industrial production posts strong growth; rises by 7.3% in June

  28-07-2026 13:57 via timesofindia.indiatimes.com
  
  According to the NSO, the IIP growth rate accelerated to 7.3% in June 2026 from the quick estimate of 5% reported for May 2026. The revised estimate for May has since been lowered marginally to 5% from 5.1%.
  
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• Can using E20 petrol lead to insurance claim rejection? What the government said

  28-07-2026 11:08 via timesofindia.indiatimes.com
  
  The Ministry of Petroleum and Natural Gas clarified E20 petrol use is not a valid reason for insurance claim rejection. Government sources have dismissed claims that using E20 fuel will invalidate vehicle insurance policies. Assertions about widespread engine damage or insect attraction from ethanol-blended petrol lack scientific basis. The Ethanol Blending Programme is scientifically validated and implemented with industry consultation.
  
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• South Korea's KOSPI crashes around 11%: Circuit breaker triggered, market sees worst session in 5 months

  28-07-2026 09:57 via timesofindia.indiatimes.com
  
  Investor sentiment was also weighed down by developments in China, including the blockbuster listing of ChangXin Memory Technologies (CXMT) and reports that a Chinese state-backed company has started manufacturing immersion DUV lithography equipment.
  
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• Gold price prediction today: Will gold prices stay range-bound? Check July 28, 2026 outlook

  28-07-2026 09:11 via timesofindia.indiatimes.com
  
  Gold price prediction today: Gold prices are rising but are still not out of the woods, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.
  
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• Gold price prediction today: Will gold prices stay range-bound? Check July 28, 2026 outlook

  28-07-2026 09:11 via timesofindia.indiatimes.com
  
  Gold price prediction today: Gold prices are rising but are still not out of the woods, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.
  
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• Oil prices fall to one-week low as hopes of US-Iran breakthrough ease supply concerns

  28-07-2026 06:49 via timesofindia.indiatimes.com
  
  Oil prices extended losses as diplomatic talks eased supply disruption concerns. Brent crude futures and WTI crude touched their lowest levels since July. The Caspian Pipeline Consortium resumed oil loadings after a suspension. However, Middle East supply disruption fears persist amid drone attacks. US crude inventories likely declined while distillate stockpiles increased.
  
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• Oil prices fall to one-week low as hopes of US-Iran breakthrough ease supply concerns

  28-07-2026 06:49 via timesofindia.indiatimes.com
  
  Oil prices extended losses as diplomatic talks eased supply disruption concerns. Brent crude futures and WTI crude touched their lowest levels since July. The Caspian Pipeline Consortium resumed oil loadings after a suspension. However, Middle East supply disruption fears persist amid drone attacks. US crude inventories likely declined while distillate stockpiles increased.
  
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• Top stocks to buy today: Stock market recommendations for July 28, 2026 - check list

  28-07-2026 06:43 via timesofindia.indiatimes.com
  
  Stock market recommendations: REC Ltd, Wipro, LIC Housing Finance, and LTM - these stocks have been identified by Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan as the top stocks to buy on July 28, 2026:
  
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• Top stocks to buy today: Stock market recommendations for July 28, 2026 - check list

  28-07-2026 06:43 via timesofindia.indiatimes.com
  
  Stock market recommendations: REC Ltd, Wipro, LIC Housing Finance, and LTM - these stocks have been identified by Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan as the top stocks to buy on July 28, 2026:
  
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• US firms training AI using Chinese examples: Beijing

  28-07-2026 03:28 via timesofindia.indiatimes.com
  
  China's commerce ministry accused American artificial intelligence firms of using Chinese models. This statement follows recent US threats of sanctions against Chinese technology companies. Beijing stated that many US AI companies distilled Chinese models during their development processes. The ministry defended distillation as a common industry practice while criticizing US actions. China vowed to take necessary measures to protect its own economic interests.
  
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• US firms training AI using Chinese examples: Beijing

  28-07-2026 03:28 via timesofindia.indiatimes.com
  
  China's commerce ministry accused American artificial intelligence firms of using Chinese models. This statement follows recent US threats of sanctions against Chinese technology companies. Beijing stated that many US AI companies distilled Chinese models during their development processes. The ministry defended distillation as a common industry practice while criticizing US actions. China vowed to take necessary measures to protect its own economic interests.
  
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• Rupee surges 66 paise on RBI governor's remark, sensex up 776 points

  28-07-2026 03:03 via timesofindia.indiatimes.com
  
  The rupee strengthened significantly against the US dollar on Monday.RBI governor Sanjay Malhotra indicated the domestic currency was undervalued.Foreign currency inflows, particularly FCNR(B) deposits, also supported the rupee's rise.Global crude prices declined sharply, further aiding the currency's appreciation.Indian stock markets also saw a substantial jump, ending their losing streak.
  
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• Rupee surges 66 paise on RBI governor's remark, sensex up 776 points

  28-07-2026 03:03 via timesofindia.indiatimes.com
  
  The rupee strengthened significantly against the US dollar on Monday.RBI governor Sanjay Malhotra indicated the domestic currency was undervalued.Foreign currency inflows, particularly FCNR(B) deposits, also supported the rupee's rise.Global crude prices declined sharply, further aiding the currency's appreciation.Indian stock markets also saw a substantial jump, ending their losing streak.
  
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• Government nod for 2 billion polymer banknotes of Rs 10 & Rs 20

  28-07-2026 02:56 via timesofindia.indiatimes.com
  
  The government has allowed the Reserve Bank of India to print two billion polymer notes. These new polymer notes will be printed for field trials and regular issuance. The minister stated that paper and polymer currency will coexist in circulation. RBI is currently sourcing materials for these polymer banknotes. This initiative aims to enhance the lifespan of currency in circulation.
  
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• Government nod for 2 billion polymer banknotes of Rs 10 & Rs 20

  28-07-2026 02:56 via timesofindia.indiatimes.com
  
  The government has allowed the Reserve Bank of India to print two billion polymer notes. These new polymer notes will be printed for field trials and regular issuance. The minister stated that paper and polymer currency will coexist in circulation. RBI is currently sourcing materials for these polymer banknotes. This initiative aims to enhance the lifespan of currency in circulation.
  
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• Rs 100 crore+ income club sees most entries in 4 years

  28-07-2026 01:52 via timesofindia.indiatimes.com
  
  Government data shows 576 individuals disclosed over Rs 100 crore income in FY2024-25.This number includes 161 new high-income earners added during the past year.Most of these super-rich taxpayers are non-salaried, reflecting past income trends.Direct tax collection's share in total revenue has significantly increased over time.The number of income tax filers has also grown substantially since 2013-14.
  
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• Rs 100 crore+ income club sees most entries in 4 years

  28-07-2026 01:52 via timesofindia.indiatimes.com
  
  Government data shows 576 individuals disclosed over Rs 100 crore income in FY2024-25.This number includes 161 new high-income earners added during the past year.Most of these super-rich taxpayers are non-salaried, reflecting past income trends.Direct tax collection's share in total revenue has significantly increased over time.The number of income tax filers has also grown substantially since 2013-14.
  
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• 'Extra payout' to Maharashtra PSU: HDFC board slaps Rs 1 lakh fines on MD, CFO

  28-07-2026 01:45 via timesofindia.indiatimes.com
  
  HDFC Bank's board penalized top executives over deposit arrangements with MSRDC. The internal review found business overreach but no personal gain or mala fide intent. Top executives received nominal penalties and warning letters following the review's recommendations. This action comes as the RBI pushes boards for greater oversight and before the CEO's term ends. The bank will formally communicate the matter and its findings to the Reserve Bank of India.
  
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• 'Extra payout' to Maharashtra PSU: HDFC board slaps Rs 1 lakh fines on MD, CFO

  28-07-2026 01:45 via timesofindia.indiatimes.com
  
  HDFC Bank's board penalized top executives over deposit arrangements with MSRDC. The internal review found business overreach but no personal gain or mala fide intent. Top executives received nominal penalties and warning letters following the review's recommendations. This action comes as the RBI pushes boards for greater oversight and before the CEO's term ends. The bank will formally communicate the matter and its findings to the Reserve Bank of India.
  
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