Economy news

• ‘Constructive, forward-looking’: India, US conclude ministerial-level talks on FTA

  24-06-2026 13:07 via timesofindia.indiatimes.com
  
  India and the US concluded ministerial talks on a proposed trade deal, aiming for an interim pact before a US tariff deadline next month. Discussions focused on market access, digital trade, and reducing barriers. This follows recent high-level meetings and aims to deepen economic ties, with both nations reviewing progress on key trade elements and potential tariff adjustments.
  
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• Stock market holiday on Muharram: Will NSE, BSE remain closed for trading on June 26?

  25-06-2026 12:53 via timesofindia.indiatimes.com
  
  Stock market investors, mark your calendars! The market will be closed on Friday, June 26, for Muharram. Trading operates on weekdays, excluding weekends and official holidays.Remember the pre-open session from 9:00 am to 9:08 am, followed by the regular trading window from 9:15 am to 3:30 pm. Plan your trades wisely around these timings and upcoming 2026 holidays.
  
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• EPFO 3.0: ATM, UPI-linked withdrawals, faster claim settlement & more - what reforms will mean for subscribers

  25-06-2026 12:49 via timesofindia.indiatimes.com
  
  EPFO 3.0 aims to deliver quicker automated claim settlements, instant withdrawals, multilingual self-service facilities and seamless payroll-integrated contributions.
  
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• $1.5 billion-crypto connection: How North Korean heist ended in Iran's central bank

  25-06-2026 12:07 via timesofindia.indiatimes.com
  
  A massive crypto heist, initially linked to North Korea, has unraveled a complex financial web connecting to Iran's central bank. Investigators discovered stolen funds moving through wallets associated with Iran's central bank before reaching CoinEx, a key exchange facilitating Iranian crypto users. This revelation underscores the growing role of digital assets in Iran and the challenges in monitoring cross-border transactions.
  
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• Beyond oil tanks: Strategic pricing reserves, the new mantra for India’s energy security

  25-06-2026 09:28 via timesofindia.indiatimes.com
  
  From a storage perspective, India should enhance its SPR capacities from 17 to 45 days on land with the possibility of having another 10-15 days of SPR on sea on tankers. Incidentally, the International Energy Agency recommends a SPR of 90 days.
  
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• Strait of Hormuz reopens: Middle East oil exports to climb to 4-month high

  25-06-2026 09:02 via timesofindia.indiatimes.com
  
  The Strait of Hormuz is reopening, paving the way for Middle Eastern fuel oil exports to reach a four-month high in June. Iraq and Saudi Arabia are leading this surge, with Iraq notably diversifying routes through Syria. While shipments are increasing, they remain below pre-war levels, and cautious optimism prevails due to ongoing negotiation uncertainties. This development follows an interim US-Iran agreement.
  
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• ITR filing FY 2025-26: Old vs new income tax regime - how salaried taxpayers can lower tax outgo

  25-06-2026 08:40 via timesofindia.indiatimes.com
  
  ITR filing FY 2025-26: The two regimes differ fundamentally in structure. The new tax regime offers lower slab rates but largely eliminates exemptions and deductions. The old tax regime, in contrast, allows taxpayers to claim a range of benefits.
  
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• Oil prices fall to $70: Will your flight tickets get cheaper?

  25-06-2026 08:15 via timesofindia.indiatimes.com
  
  Aviation Turbine Fuel (ATF) prices, which had surged, are now under scrutiny as crude oil costs decline. The Civil Aviation Minister indicated the government may ask airlines to reassess surge charges and additional fare components if fuel prices remain stable. Discussions are ongoing with airlines to ascertain the longevity of this price reduction, with a Rs 10,000 crore price stabilization fund already in place to support the sector.
  
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• Top stocks to buy today: Stock recommendations for June 25, 2026 - check list

  25-06-2026 04:44 via timesofindia.indiatimes.com
  
  Top stock market recommendations: Olectra Greentech, GAIL, and Hindustan Aeronautics Ltd (HAL) have been picked as the top 3 stocks to buy today on June 25, 2026 by Aakash K Hindocha, Vice President - Research, Nuvama Professional Clients Group/Nuvama Wealth Management.
  
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• Crude slips toward $70 as tankers return to Hormuz after US-Iran reach peace deal

  25-06-2026 03:44 via timesofindia.indiatimes.com
  
  Crude oil prices have plummeted towards pre-war levels as tanker traffic through the Strait of Hormuz resumes, alleviating supply worries. Following a surge past $126, oil is now hovering around $70. Improved shipping and potential Iranian exports have eased fears of disruptions, leading to a significant price drop. Traders are now anticipating a surplus as physical crude trades at discounts.
  
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• Hurun India 500: NSE retains India’s most valuable unlisted company tag, ahead of Serum Institute, Adani Properties

  24-06-2026 17:55 via timesofindia.indiatimes.com
  
  The National Stock Exchange (NSE) leads India's most valuable unlisted companies with a Rs 4.86 lakh crore valuation, according to the 2025 Burgundy Private Hurun India 500 report. This comes as NSE files for a massive IPO. India Inc. now surpasses $3.4 trillion in value, though top companies saw a slight dip. Reliance Industries remains the most valuable firm, while Bajaj Finance leads in percentage value creation.
  
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• Oil math: OPEC’s global crude share could slip from 35% to 31% without UAE

  24-06-2026 15:47 via timesofindia.indiatimes.com
  
  The United Arab Emirates' exit from OPEC has significantly impacted the group's global crude oil output, reducing its share from 35% to 31%. This move, effective May 1, 2026, highlights the UAE's substantial role in the bloc. Meanwhile, regional disruptions due to the Strait of Hormuz closure are escalating, with Iraq, Saudi Arabia, and Kuwait facing major production shut-ins.
  
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• Stock market: Which are top gainers and losers on NSE & BSE today? Check list

  24-06-2026 14:57 via timesofindia.indiatimes.com
  
  Stock markets experienced a significant rebound on Wednesday, with the Sensex and Nifty surging past key levels. This rally was fueled by a sharp decline in crude oil prices, robust buying in banking and IT sectors, and growing optimism surrounding a potential India-US trade agreement. The positive sentiment was further bolstered by easing geopolitical tensions and renewed foreign investor interest, leading to broad-based gains across various sectors.
  
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• Why did stock market rally today? BSE Sensex closes around 800 points up - top reasons for rise

  24-06-2026 13:03 via timesofindia.indiatimes.com
  
  A recovery in South Korean markets and supportive global developments also aided the rally. The Sensex climbed almost 791 points to settle at 76,991, while the Nifty 50 gained about 198 points to close at 24,022.
  
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• Elon Musk loses trillionaire status: Here's why his net worth fell

  24-06-2026 12:58 via timesofindia.indiatimes.com
  
  Elon Musk, once the world's first trillionaire, has seen his net worth dip below the 13-figure mark to $957 billion. A significant sell-off in Tesla and SpaceX shares, following SpaceX's IPO surge, has led to this decline. Concerns over an AI market bubble and potential interest rate hikes are contributing to the downturn in tech stocks.
  
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• Summer travel hack: How to use your credit card to save big

  24-06-2026 12:47 via timesofindia.indiatimes.com
  
  When selecting a travel credit card, you should focus on the overall value proposition instead of the headline benefits. Ideally, core benefits on travel-centric cards should be evaluated.
  
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• Airfares could rise by up to 25% as jet fuel costs surge, says McKinsey

  24-06-2026 12:07 via timesofindia.indiatimes.com
  
  Global jet fuel supplies are facing significant pressure due to geopolitical events and refinery limitations, according to McKinsey. This is driving up costs for airlines, with potential airfare hikes of 20-25% expected as fuel prices surge. Inventories remain low, and key exporting regions are restricting shipments, creating a challenging outlook for the summer travel season.
  
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• Crude prices drop to lowest since February on Iran supply hopes

  24-06-2026 10:56 via timesofindia.indiatimes.com
  
  Global crude oil prices have plunged to four-month lows, driven by improved tanker traffic through the Strait of Hormuz and anticipation of increased Iranian oil exports. This easing of supply disruption fears has led to significant drops in Brent and WTI futures. Despite this, underlying geopolitical uncertainties persist, with investors closely monitoring US-Iran negotiations and inventory data for future market direction.
  
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• India offers up to 9% leverage to NRIs to attract fresh forex inflows; guarantees returns of over 7%

  24-06-2026 10:48 via timesofindia.indiatimes.com
  
  India is actively seeking foreign currency inflows by encouraging its diaspora to deposit funds. Banks are now permitted to offer substantial leverage on these special foreign-currency deposits, with potential returns exceeding 6% and leveraged rates above 10%. This initiative aims to bolster foreign exchange reserves amidst global economic uncertainties and has the potential to attract over $80 billion.
  
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• ITR filing FY 2025-26: Why Form 26AS is important for tax returns & how to download it online

  24-06-2026 10:02 via timesofindia.indiatimes.com
  
  Form 26AS is an important document that provides taxpayers with a consolidated view of tax related information linked to their Permanent Account Number (PAN).
  
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• Adani Group AGM: From 10 GW nuclear power capacity to big energy plans - what Gautam Adani said

  24-06-2026 09:32 via timesofindia.indiatimes.com
  
  The announcement comes as the conglomerate steps up investments across the energy value chain, aiming to play a central role in India's evolving energy landscape at a time when energy security has become an increasingly important national priority.
  
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• Gold price prediction today: Why gold prices may drop further in near-term; check June 24, 2026 outlook

  24-06-2026 09:13 via timesofindia.indiatimes.com
  
  Gold price prediction today: Gold prices are facing upward resistance and US Federal Reserve’s policy will continue to determine prices in the near-term, says Vedika Narvekar, Research Analyst - Commodities & Currencies, Anand Rathi Shares and Stock Brokers.
  
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• Why ONGC is eyeing two oilfields in Venezuela; in talks with state-run oil company PDVSA, seeks US approval

  24-06-2026 08:04 via timesofindia.indiatimes.com
  
  Venezuela's oil industry has witnessed a prolonged decline due to a combination of depressed oil prices, economic mismanagement and US sanctions. During this period, PDVSA's operational capabilities have also weakened considerably.
  
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• Top stocks to buy today: Stock recommendations for June 24, 2026 - check list

  24-06-2026 05:01 via timesofindia.indiatimes.com
  
  Stock market recommendations: Eicher Motors Ltd, Torrent Power, and Bajaj Auto have been recommended by Mehul Kothari, DVP - Technical Research at Anand Rathi Shares as top stock picks to buy today on June 24, 2026:
  
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• GE sends AI 171 engine analysis, final AAIB report likely in 2 months

  24-06-2026 01:07 via timesofindia.indiatimes.com
  
  GE Aerospace has sent the analysis reports for the engines of AI171 that had crashed in Ahmedabad last June, killing 260 people. All eyes are now on the Aircraft Accident Investigation Bureau. "Air accident investigations have to zero in on what could have happened.
  
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• Overseas branches can lend to NRIs for deposits in India

  23-06-2026 23:11 via timesofindia.indiatimes.com
  
  RBI Clarifies FCNR(B) Rules, NRI Inflows To Support Rupee
  
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• India–US trade deal may be signed before July 24: What’s done and remaining for agreement

  23-06-2026 18:04 via timesofindia.indiatimes.com
  
  India and the US are nearing a trade deal, with negotiators meeting in New Delhi to finalize an interim pact before July 24. Discussions aim to recalibrate the agreement following recent US tariff policy shifts. Both nations are pushing for a fair and reciprocal deal that benefits American exporters and supports India's growth, potentially involving significant Indian purchases from the US.
  
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• Iran rushes to sell oil to India after Trump sanctions waiver - all you need to know

  23-06-2026 17:32 via timesofindia.indiatimes.com
  
  Data from Vortexa, combined with Bloomberg calculations, show that around 68 million barrels of crude and condensate were floating at sea as of June 22. More than 80% of that volume does not appear to have a confirmed destination, potentially making it available for sale.
  
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• Wall Street today: US stocks slide as IT sell-off deepens, Nasdaq trims over 2%, Dow Jones falls 750 points

  23-06-2026 16:00 via timesofindia.indiatimes.com
  
  Global markets experienced a significant downturn Tuesday, with Wall Street indices plunging amid a deepening tech stock sell-off. Concerns over heavy AI spending and anticipated US interest rate hikes are fueling investor anxiety. Major tech giants and chipmakers saw substantial drops, mirroring weakness seen across Asian and European exchanges. Oil prices remained subdued following a US decision on Iranian oil sanctions.
  
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• All roads still lead to the Middle East: Why India’s energy pipeline runs through the Gulf

  23-06-2026 15:31 via timesofindia.indiatimes.com
  
  India's energy sector is closely watching the Strait of Hormuz situation, highlighting a continued reliance on the Middle East for crucial LPG supplies. While alternative sources like the US were tapped during disruptions, they couldn't fully bridge the gap. Higher LNG prices also impacted demand, with a return to more favorable rates expected to boost consumption. This crisis underscores India's energy sourcing vulnerabilities.
  
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