Economy news

• Tough road for Trump: Why sanctions Bill for tariffs on Russian oil buyers may fail House test

  31-07-2026 17:55 via timesofindia.indiatimes.com
  
  Lawmakers from both parties, along with industry trade groups, have raised concerns over a section of the legislation that would allow Trump to impose hefty tariffs on countries that buy significant volumes of Russian oil and gas.
  
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• US stock market today: Nasdaq rises as Amazon rallies strongly

  31-07-2026 16:21 via timesofindia.indiatimes.com
  
  Amazon joined other Big Tech firms in reporting robust cloud business growth, easing investor concerns over returns from heavy artificial intelligence spending.
  
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• ITR deadline on July 31, 2026: Top things NRIs should keep in mind when filing tax return

  31-07-2026 15:24 via timesofindia.indiatimes.com
  
  The return filing process and mandatory return filing requirement for NRIs is broadly similar to that of resident taxpayers, as returns are filed through the same Income Tax e-Filing portal using the applicable ITR form.
  
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• India to get plastic notes soon: Why the move is important - explained

  31-07-2026 14:26 via timesofindia.indiatimes.com
  
  RBI has already floated the tender to source materials for the polymer notes with its currency printing arm Bharatiya Reserve Bank Note Mudran Pvt Ltd inviting global expressions of interest.The step assumes significance because India has discarded around Rs 50 trillion worth of soiled notes in the last decade.
  
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• ‘Samudra Manthan’: Cabinet approves Rs 84,084 cr scheme for oil & gas exploration - top things to know

  31-07-2026 13:08 via timesofindia.indiatimes.com
  
  The scheme will be implemented through FY2030-31 with an aim to harness India's vast offshore energy resources - in what the government has termed as a modern day Samudra Manthan.
  
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• PM Surya Sarovar Yojana: Cabinet approves Rs 5,070 crore scheme for floating solar projects

  31-07-2026 12:51 via timesofindia.indiatimes.com
  
  The scheme has been approved for a period of 5 years. It will support up to Rs 1 crore per MW under the scheme with total outlay of Rs 5070 crore.
  
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• After made-in-India bullet train, new high-speed corridors to get indigenous signalling system

  31-07-2026 08:25 via timesofindia.indiatimes.com
  
  Indian Railways is developing an indigenous signalling protocol for high-speed rail called the Bharat Train Control System (BTCS). The system is being designed specifically for Indian operating conditions.
  
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• ITR filing deadline extension: Is July 31, 2026 the last date to file income tax return? Check latest developments

  31-07-2026 07:17 via timesofindia.indiatimes.com
  
  A belated return can still be filed within nine months from the end of the relevant tax year. For the 2025-26 tax year, this means the return can be submitted by December 31, 2026.
  
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• Seeking job in US? Trump weighs $100,000 work permit fee from foreign graduates

  31-07-2026 05:35 via timesofindia.indiatimes.com
  
  The Trump administration is considering a $100,000 fee for international students' work permits. This proposed charge would impact the Optional Practical Training program significantly. US universities and tech firms could face substantial repercussions from this policy change. The Department of Homeland Security is currently discussing the fee's implementation details. Revised regulations for the OPT program are expected later this fall.
  
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• Mileage drop due to E20? 2-6%, says 1 minister, 3-5%, says another

  31-07-2026 02:41 via timesofindia.indiatimes.com
  
  Government ministries have offered varied figures regarding fuel efficiency changes.Older vehicles using E20 fuel may see a slight mileage reduction.The Road Transport Ministry cited a 2-6% potential decrease in efficiency.The Petroleum Ministry indicated a general reduction of about 3-5%.Both ministries stressed that fuel economy depends on driving and maintenance factors.
  
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• NTT Data Payments to take UPI global

  31-07-2026 02:30 via timesofindia.indiatimes.com
  
  NTT Data Payment Services is developing a hub-based architecture for cross-border retail payments. This strategy aims to connect India's UPI with other Asian fast payment systems. The company's Adaptis brand unifies its digital payment suite across various markets. This new model moves away from slow, one-to-one country links. Merchants and consumers will transact seamlessly across borders through this interoperable network.
  
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• Tata Steel ends 25-year joint-venture with German company Martrade

  31-07-2026 02:19 via timesofindia.indiatimes.com
  
  Tata Steel is acquiring Martrade's stake in their joint shipping venture for Rs 335 crore.This move ends a twenty-five-year partnership with the German logistics group.The company also committed Rs 33,873 crore for capacity expansion at Neelachal Ispat Nigam.This expansion will bolster its long products portfolio and branded retail offerings.Tata Steel reported a 19% net profit rise and 15% revenue increase in Q1 FY27.
  
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• Zepto delays listing, looks to raise Rs 1,000 crore in funding

  31-07-2026 02:14 via timesofindia.indiatimes.com
  
  Zepto is seeking Rs 1,000 crore in pre-IPO funding, delaying its public listing plans. The quick commerce startup is targeting a valuation of $4-4.5 billion for this investment round. This valuation is over 30% lower than its previous $7 billion valuation. Zepto aims to close this funding round within a couple of weeks. The company is also likely to trim its original IPO issue size.
  
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• NSE settles pending Sebi cases for nearly Rs 1,500 crore

  31-07-2026 02:05 via timesofindia.indiatimes.com
  
  The National Stock Exchange has settled past regulatory lapses with Sebi for Rs 1,491 crore. This settlement resolves issues related to co-location and dark-fibre cases involving former officials. Sebi has accepted revised settlement terms, demanding an additional payment from the exchange. The NSE had previously proposed settling these cases for a combined amount. This development clears the path for the National Stock Exchange's initial public offering.
  
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• Flipkart, Amazon mount fee war as race heats up

  31-07-2026 02:00 via timesofindia.indiatimes.com
  
  Amazon and Flipkart are reducing seller fees to attract more businesses. This strategy aims to boost sales volumes in smaller Indian cities and towns. Lower costs for sellers translate into more affordable products for consumers. The e-commerce giants are focusing on onboarding local sellers from tier two cities. This move is crucial for their continued growth and market expansion.
  
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• AI labs proving why IT companies still matter: Infosys CEO Salil Parekh

  31-07-2026 01:48 via timesofindia.indiatimes.com
  
  Salil Parekh led Infosys to double revenue and secure significant large deals.He focused on disciplined execution and a stable company culture.Infosys sees AI services as a substantial long-term growth opportunity.The company's strong client relationships provide a natural advantage.Internal leaders were chosen for the next CEO role due to their extensive experience.
  
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• Formal retail credit access doubles over past decade

  31-07-2026 01:26 via timesofindia.indiatimes.com
  
  Formal retail credit penetration in India more than doubled over the past decade.Consumption-led lending, including personal loans, drove this significant growth.Credit access expanded to younger borrowers and women across India.Northern and central states saw increased credit activity, while western and southern regions moderated.This shift reflects credit being used for lifestyle rather than asset acquisition.
  
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