Economy news

• Transponders switched off: How tankers with Saudi oil for India are exiting Red Sea by going ‘dark’

  30-07-2026 18:15 via timesofindia.indiatimes.com
  
  Following the Houthi attacks on several Saudi tankers, Indian refiners have increasingly opted to purchase Middle Eastern crude on a delivered basis.
  
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• E20 petrol debate: Govt debunks 7 claims on ethanol blended fuel - impact on mileage, engines & more

  30-07-2026 17:38 via timesofindia.indiatimes.com
  
  Road Transport and Highways Minister Nitin Gadkari has said that petrol blended with 20% ethanol (E20) may lower fuel efficiency by 2-6%, depending on the type and age of the vehicle.
  
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• US economy slows as GDP growth slips to 1.5%, consumers keep momentum alive

  30-07-2026 17:14 via timesofindia.indiatimes.com
  
  US economic growth slowed to 1.5% in the second quarter, impacted by a significant rise in imports. Strong consumer spending and business investment provided crucial support for the economy during this period. Inflation continued to ease in June, though it remained above the Federal Reserve's target rate. The labor market showed improvement this year, boosting consumer confidence and spending power.
  
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• US stock market today: Wall Street flat; Nasdaq climbs over 1.5% as tech stocks rally

  30-07-2026 16:46 via timesofindia.indiatimes.com
  
  Economic data released on Thursday showed the US economy expanded more slowly than economists had expected during the spring. Inflation remained above the Federal Reserve's target in the latest month, although it came in slightly below market expectations.
  
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• ‘Uncompetitive’: Months after IndiGo flights fiasco, airline MD criticises new pilot duty rules

  30-07-2026 16:08 via timesofindia.indiatimes.com
  
  IndiGo, which held a 66.3% share of the domestic aviation market in June, came under the regulator's scanner after operational disruptions in December 2025 led to the cancellation of 2,507 flights over three days.
  
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• From ayurveda to insurance: Patanjali gets IRDAI nod for Rs 4,500 crore insurance entry

  30-07-2026 15:24 via timesofindia.indiatimes.com
  
  Patanjali Ayurved is set to enter financial services after IRDAI approved its nearly Rs 4,500 crore acquisition of Magma General Insurance.
  
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• Fewer jobs, delayed onboarding: Why Indian IT sector is getting tougher for freshers

  30-07-2026 14:28 via timesofindia.indiatimes.com
  
  Experts say the hiring landscape is becoming increasingly project and demand driven rather than a case where freshers were hired in thousands to increase bench strength. The trend reflects a broader reset in the IT sector.
  
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• India's renewable energy boom could make Germany a customer for green hydrogen

  30-07-2026 12:49 via timesofindia.indiatimes.com
  
  India's expanding renewable energy capacity could soon make it an energy exporter. Germany's ambassador sees potential for India to export green hydrogen in coming years. Renewable energy is a strong pillar of India-Germany economic cooperation. Artificial intelligence and a proposed EU Free Trade Agreement will shape future economic ties. Discussions are progressing towards concrete projects in hydrogen technology development.
  
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• Will AI take your job? Cashiers to doctors, which professions face biggest risk

  30-07-2026 11:44 via timesofindia.indiatimes.com
  
  Artificial intelligence will automate routine jobs across many industries.Complex tasks requiring human judgment will be supported by generative AI.Financial services and retail trade see high automation risk for basic operations.Healthcare and education will see AI strengthen clinical and learning roles.Workplace tasks will be reshaped as AI complements human capabilities.
  
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• India’s crude oil imports from Russia may touch new record of 3 million barrels per day - here’s why

  30-07-2026 08:55 via timesofindia.indiatimes.com
  
  If shipping through the Red Sea remains unaffected, Indian refiners will continue to have an important supply cushion through Saudi Arabia's East-West (Yanbu) pipeline, which has recently been supplying around 300,000-500,000 barrels per day (kbd) of crude.
  
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• Microsoft Q4 results: Azure tops $100 billion as AI growth helps beat earnings estimates

  30-07-2026 07:25 via timesofindia.indiatimes.com
  
  Microsoft reported strong cloud revenue growth and increased paid AI users.Azure revenue surpassed one hundred billion dollars for the first time.Microsoft 365 Copilot now has over thirty million paid seats.Investors are observing returns from significant artificial intelligence spending.The company's shares saw a notable increase after the earnings announcement.
  
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• Samsung Q2 results: Tech giant posts record high $62 billion profit on AI chip boom

  30-07-2026 05:47 via timesofindia.indiatimes.com
  
  Samsung Electronics achieved its highest-ever quarterly operating profit, fueled by strong AI chip demand.Rival SK Hynix also reported record revenue, reflecting industry strength.However, investor sentiment declined due to expansion plans and Chinese competition.Both companies are investing heavily in new chipmaking facilities and data centers.Global partnerships are strengthening to secure memory chip supplies for AI.
  
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• Asian stocks trade mixed after Fed holds rates; Kospi rallies 4%, Shenzhen slips 300 points

  30-07-2026 04:53 via timesofindia.indiatimes.com
  
  Asian equities showed signs of stabilizing on Thursday after a turbulent week. Taiwan and South Korea saw gains, while Japan's Nikkei headed for a decline. Oil prices briefly soared due to Middle East tensions before slipping back below $90. The US Federal Reserve kept interest rates unchanged, leaving markets uncertain about future moves. Bond yields climbed to 19-year highs, reflecting this ongoing market apprehension.
  
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• Mahindra arm, SML combine to be 4th largest CV player

  30-07-2026 04:26 via timesofindia.indiatimes.com
  
  Mahindra Group aims for substantial market share growth in India's commercial vehicle sector.The company targets a 10-12% share of the heavy commercial vehicle market by FY31.It also seeks over 20% market share by FY36 after business consolidation.The combined entity will become India's fourth-largest commercial vehicle player.Mahindra will focus on intermediate, light commercial vehicles, buses, and heavy trucks.
  
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• 'GenAI to reshape workforce, GCCs to cushion job impact'

  30-07-2026 04:17 via timesofindia.indiatimes.com
  
  GenAI will transform India's labor market over the next decade.Tasks will be automated, and many jobs will be augmented by AI.The technology sector's employment narrative is challenged by this evolving landscape.Global capability centers are expected to cushion the employment impact significantly.This shift will allow workers to focus on more complex and higher-value tasks.
  
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• IPL's business value crosses $20 billion, RCB top brand: Report

  30-07-2026 04:15 via timesofindia.indiatimes.com
  
  Indian Premier League's business value reached $20.6 billion in 2026, showing significant growth. Royal Challengers Bengaluru's brand value crossed $300 million, marking a historic milestone. Mumbai Indians also saw its brand value increase, securing the second position. Landmark franchise transactions underscored the league's strong investment appeal. Growing revenues and digital viewership continue to drive the IPL's commercial success.
  
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• Exporters flag concerns over West Asia war impact

  30-07-2026 04:06 via timesofindia.indiatimes.com
  
  Exporters face order uncertainty and higher logistics costs due to the West Asia crisis.Shipping schedules are delayed, and buyers are delaying purchase decisions.Commerce Minister Piyush Goyal met with export promotion bodies to discuss these issues.He backed further support for service exporters, especially hospitality and medical tourism.Despite global uncertainties, India's merchandise exports have grown by fifteen percent this fiscal.
  
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• Crude prices retreat as oil continues flowing through Hormuz alternatives

  30-07-2026 04:06 via timesofindia.indiatimes.com
  
  Oil prices declined on Thursday after a significant rally the previous day. Crude oil continued to move out of the Middle East despite escalating conflict. Shipping activity indicated that oil supplies were still finding routes out of the region. Military actions intensified with US-Saudi strikes targeting Iran-backed forces in Iraq. Saudi Arabia is reportedly assembling a coalition to protect Red Sea shipping from Houthi attacks.
  
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• Gold loans rise on larger ticket sizes, unsecured credit shift

  30-07-2026 04:02 via timesofindia.indiatimes.com
  
  Gold loans are experiencing significant growth, driven by existing borrowers taking larger amounts. This surge also reflects a shift from unsecured personal loans to secured gold financing options. Gold loans now represent a substantial portion of total consumer credit in India. Non-banking financial companies have increased their market share in this growing segment. Experts anticipate continued strong growth for gold loans in the coming period.
  
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• Banks collected Rs 7,100 crore as ‘minimum balance’ penalty in 2025-26

  30-07-2026 03:50 via timesofindia.indiatimes.com
  
  Banks collected nearly Rs 7,100 crore in minimum balance penalties during FY26. Private banks gathered Rs 4,948 crore, a significant increase from the previous year. HDFC Bank alone levied Rs 1,800 crore in charges from its customers. Ten public sector banks have discontinued these penal charges on savings accounts. Overall, banks notified customers before applying these charges to accounts.
  
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• E20 petrol may harm BS-III vehicle rubber parts, says Nitin Gadkari

  30-07-2026 03:32 via timesofindia.indiatimes.com
  
  Road transport minister Nitin Gadkari informed Rajya Sabha about E20 fuel impacts. Studies found no major performance impact on overall vehicle operations. BS-VI vehicles continue meeting emission norms when tested with E20 fuel. Legacy vehicles did not exhibit significant performance variations or abnormal wear. However, some BS-III vehicles may require rubber part replacements.
  
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• Companies boost health cover with top-ups for cancer

  30-07-2026 02:48 via timesofindia.indiatimes.com
  
  Companies are enhancing employee health benefits beyond standard medical insurance. AstraZeneca Pharma India leads by introducing a group cancer care policy. This new coverage supplements existing plans and addresses high treatment costs. Many employers are also investing more in outpatient and wellness programs. This trend reflects a growing focus on comprehensive employee well-being.
  
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• Need to reinvent ways to deal with global challenges: Finance ministry

  30-07-2026 02:13 via timesofindia.indiatimes.com
  
  India's economy shows resilience despite global challenges and uncertainties.Swift policy responses and implementation are crucial for attracting investment.Rising crude oil prices pose a potential pressure on fiscal and current accounts.The external sector remains resilient due to strong exports and remittances.Adverse weather conditions present a risk to farm output and rural demand.
  
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