Economy news

• US Federal Reserve meet today: Kevin Warsh-led FOMC keeps interest rates unchanged

  29-07-2026 20:01 via timesofindia.indiatimes.com
  
  The US Federal Reserve, which began its two-day policy meeting on Tuesday, was widely expected to leave its benchmark interest rate unchanged.
  
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• India-US trade pact: Piyush Goyal explains the one condition to seal the deal

  29-07-2026 18:10 via timesofindia.indiatimes.com
  
  India's trade pact with the US awaits tariff competitiveness restoration for its first phase.Minister Piyush Goyal stated India needs a comparative advantage over rival nations.This condition must be met before the bilateral trade agreement can commence.Meanwhile, a US legislative proposal could impose tariffs on Russian energy buyers.India has increased its Russian crude oil purchases amid supply disruptions.
  
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• What India needs to do to respond to emerging global challenges, high crude oil prices: Finance Ministry outlines

  29-07-2026 18:03 via timesofindia.indiatimes.com
  
  The report stressed that deeper domestic reforms and quicker policy execution will be essential to alter the country's long-term economic trajectory.
  
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• Oil prices jump over 7% as Middle East chaos flares up, brent crude back at $90 per barrel

  29-07-2026 17:33 via timesofindia.indiatimes.com
  
  Oil prices surged over seven percent on Wednesday amid renewed Middle East military actions.This rally was also supported by industry data showing a drawdown in US crude inventories.Renewed strikes involving the United States and Iran-backed groups reignited supply concerns.Disruptions continued to affect shipping through the Strait of Hormuz and Bab el-Mandeb.Analysts expect oil prices to remain volatile in the near term due to ongoing conflict.
  
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• US stock market today: Wall Street in red ahead of US Federal Reserve policy review; oil prices climb

  29-07-2026 16:24 via timesofindia.indiatimes.com
  
  Markets are currently assigning about a 36% probability to a US rate hike, which, if delivered, would mark the first increase in three years. While higher interest rates help curb inflation, they can also dampen economic activity and weigh on equity valuations.
  
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• India faces 100% Trump tariff threat as US Senate advances Russia Sanctions Bill - what it means

  29-07-2026 16:02 via timesofindia.indiatimes.com
  
  India has stepped up Russian crude oil purchases to make up for the deficit, helped in part by the US sanctions waiver which lapsed recently. However, India has continued to procure Russian crude.
  
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• ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide

  29-07-2026 14:32 via timesofindia.indiatimes.com
  
  The process to file the income tax return has evolved over the last few years and the income tax portal now pre-fills a lot of your tax related information drawing from information in documents such as Form 16, Form 26AS, Annual Information Statement (AIS), bank records etc.
  
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• GST boost: Maharashtra emerges as India’s top state tax contributor

  29-07-2026 14:29 via timesofindia.indiatimes.com
  
  Maharashtra now leads states in tax revenue after the Goods and Services Tax implementation.This growth is supported by high domestic consumption and a large services sector.State tax collections have strengthened significantly since the GST reform began.Tax buoyancy for twenty-six states improved substantially after the GST introduction.Technology adoption and a wider taxpayer base also boosted revenue collections.
  
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• ‘Made in India’ phones go global: Smartphone exports jump 165 times to Rs 2.59 lakh crore

  29-07-2026 13:04 via timesofindia.indiatimes.com
  
  India's electronics manufacturing sector has seen substantial growth over the past decade. Mobile phone exports have increased significantly, reaching approximately Rs 2.59 lakh crore by 2025-26. Domestic mobile phone production has also risen around 33 times during the same period. The broader electronics manufacturing base has expanded nearly seven times, with exports growing elevenfold. The government's Semicon India Programme supports semiconductor fabrication, packaging, and chip design cap
  
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• Payday winners: India’s salary hikes projected at 8.6%-10.2%; who gets the most?

  29-07-2026 12:44 via timesofindia.indiatimes.com
  
  Professionals in electric vehicles, fintech, healthcare, and engineering can expect brighter salary outlooks.Fast-growing sectors and technical roles will likely see higher pay increases.Electrical engineers and quality control inspectors are projected for the strongest salary growth.Chennai, Pune, Hyderabad, and Ahmedabad lead salary growth across various sectors.Sustainable growth industries will still post healthy increments for many employees.
  
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• Why did stock market rise today? BSE Sensex rallies 1,000 points; Nifty50 crosses 24,250 - top reasons for rally

  29-07-2026 11:56 via timesofindia.indiatimes.com
  
  Stock market today: Nifty50 and BSE Sensex rallied strongly in trade on Wednesday as IT sector stocks led the recovery.Broader markets also remained firmly positive, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising by as much as 0.6%.
  
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• Higher US LPG imports: Why Indian Oil is looking to acquire 50% stake in very large gas carriers

  29-07-2026 11:30 via timesofindia.indiatimes.com
  
  If the plan goes ahead, IOC will become the first Indian refiner to own VLGCs. At present, the company primarily depends on time-chartered vessels to transport both LPG and crude oil.
  
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• South Korea's Kospi tumbles 6% as SK Hynix slide, AI spending worries trigger chip selloff

  29-07-2026 10:27 via timesofindia.indiatimes.com
  
  South Korea's Kospi index dropped significantly due to chipmaker weakness. SK Hynix reported earnings that missed market expectations, causing its shares to fall. This selloff reflects investor concerns over high valuations for artificial intelligence-linked stocks. Other Asian markets also experienced declines, particularly in the semiconductor sector. Wall Street's Nasdaq saw a slight dip as AI stocks remained under pressure.
  
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• Indian IT stocks rally: Why TCS, Infosys, Wipro are rising as global AI stocks plunge

  29-07-2026 09:31 via timesofindia.indiatimes.com
  
  The gains came even as India's IT sector continues to face headwinds, including subdued discretionary technology spending, pricing pressure, higher employee costs and uncertainty over how artificial intelligence could affect conventional outsourcing revenues.
  
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• Gold price prediction today: What factors will determine gold's movement? Check July 29, 2026 outlook

  29-07-2026 08:27 via timesofindia.indiatimes.com
  
  Gold price prediction today: Both gold and silver prices are expected to be volatile this week ahead of the US Federal Reserve’s policy, says Vedika Narvekar, Research Analyst - Commodities & Currencies, Anand Rathi Shares and Stock Brokers.
  
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• India may soon get plastic notes: Why they are being introduced and what happens to paper money

  29-07-2026 08:12 via timesofindia.indiatimes.com
  
  The RBI has recently floated a tender to procure material for polymer banknotes, reviving a proposal that has been under consideration for nearly two decades. Polymer notes, which are produced using durable plastic film instead of paper, generally have a longer lifespan and require replacement less frequently because they are more resistant to wear and tear.
  
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• Rupee gains for fourth straight session as dollar weakens, oil prices remain below $90

  29-07-2026 07:23 via timesofindia.indiatimes.com
  
  The Indian Rupee strengthened for a fourth straight session on Wednesday. It gained five paise against the US dollar, reaching 95.77. This rise was supported by a softer American currency and lower crude oil prices. Improved domestic equity sentiment and foreign investor buying also boosted the rupee. Market participants watched the dollar index and crude oil price movements closely.
  
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• Top stocks to buy or sell today: Stock recommendations for July 29, 2026 - check list

  29-07-2026 06:13 via timesofindia.indiatimes.com
  
  Stock market recommendations: United Breweries, and Max Healthcare are the top stocks to buy recommended by Mehul Kothari, DVP - Technical Research at Anand Rathi Shares for July 29, 2026. Adani Enterprises has been identified as a sell call.
  
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• 100% tariffs for India? US Senate advances key Russian sanctions bill

  29-07-2026 04:50 via timesofindia.indiatimes.com
  
  The US Senate overwhelmingly advanced a bipartisan bill to impose new sanctions on Russia.This legislation grants President Trump powers to penalize major energy export buyers.India and China are among the largest customers of Russian crude oil and natural gas.The measure also extends the Iran Sanctions Act through the year 2031.This bill could significantly impact global energy markets and trade relationships.
  
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• Crude prices climb over 4% as Middle East tensions, inventory draw fuel supply fears

  29-07-2026 03:53 via timesofindia.indiatimes.com
  
  Oil prices rebounded sharply on Wednesday due to renewed Middle East tensions. Concerns over global crude supplies and lower US inventories supported the market. Military developments in the region and air strikes on militant targets heightened worries. Shipping companies operating in the Gulf remain on alert amid fears of attacks. Expectations of OPEC+ pausing production increases also lent support to prices.
  
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• Radico Khaitan sees 10% jump in revenue

  29-07-2026 03:48 via timesofindia.indiatimes.com
  
  Radico Khaitan reported a 76% net profit increase for the June quarter. This growth was driven by strong demand for premium liquor brands. Easing input costs also contributed to the company's improved financial performance. Total income rose by 10% to Rs 5,869 crore. Overall liquor volumes saw a modest increase of 2.8%.
  
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• Delhi high court orders winding up of Paytm Payments Bank

  29-07-2026 03:44 via timesofindia.indiatimes.com
  
  The Delhi High Court has ordered the winding up of Paytm Payments Bank. This directive follows the Reserve Bank of India's cancellation of its banking license. The court appointed Girikumar M Nair as the official liquidator for this process. RBI had previously cancelled the bank's license with immediate effect. These actions stem from concerns over the bank's operations and management.
  
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• 'Transformation of Air India may take up to a decade'

  29-07-2026 03:42 via timesofindia.indiatimes.com
  
  Air India's transformation journey is now a decade-long endeavor.Supply chain disruptions and legacy system overhauls present significant challenges.The aviation industry faces constant pressures from global conflicts and fuel costs.Recent events like airspace closures and foreign exchange fluctuations impacted operations.This extended timeline reflects a realistic assessment of the airline's complex revitalization.
  
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• Priceless stake: Noel's children now Tata Sons shareholders

  29-07-2026 03:39 via timesofindia.indiatimes.com
  
  Noel Tata's three children are now Tata Sons shareholders after inheriting shares. They each received two Tata Sons shares from their grandmother, Simone Tata. Simone Tata held eight shares before her passing in December 2025. Her holdings were divided equally among her son and grandchildren. This inheritance marks the first time these individuals appear as shareholders.
  
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• Bad debt of PSBs at lowest levels in many decades: Government

  29-07-2026 03:34 via timesofindia.indiatimes.com
  
  Public sector banks report significant financial improvements and record profits.Bad debt levels have fallen to their lowest point in decades.The government has supported banks through capital infusions and legislative measures.Credit growth has accelerated across various economic sectors.Schemes like ECLGS continue to support businesses and credit flow.
  
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• As inflation bites, HUL to take more price hikes

  29-07-2026 03:30 via timesofindia.indiatimes.com
  
  Hindustan Unilever anticipates further price increases in coming months due to volatile commodity costs.The company projects inflation to remain between two and five percent for the September quarter.Demand for household staples remained stable, driving growth to a thirteen-quarter high.HUL's revenue from operations increased by ten percent in the first quarter.The company will continue to pursue volume-led revenue growth across its diverse product portfolio.
  
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• Industrial output grows 7.3% in June, fastest in 22 months

  29-07-2026 03:24 via timesofindia.indiatimes.com
  
  Industrial production surged 7.3% in June, a 22-month high, driven by manufacturing and electricity growth.This strong performance occurred despite global uncertainties and an erratic monsoon season.The first quarter saw industrial output grow 5.8% compared to the previous year.Several manufacturing sectors, including electrical equipment and motor vehicles, showed robust expansion.However, risks from high input prices and slowing global growth may moderate future output.
  
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• For ease of liquidity & business, government to amend MSME Act

  29-07-2026 02:14 via timesofindia.indiatimes.com
  
  New amendments to the MSME Development Act will ensure faster payments for small businesses.Mandatory digital invoicing and stronger protections against delayed payments are proposed.The government aims to improve liquidity for these vital enterprises.Dispute resolution will be accelerated through new facilitation councils.A free national digital registration platform will also be introduced.
  
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