Economy news

• India does not use methodology changes to inflate growth numbers, CEA Nageswaran defends GDP data

  14-06-2026 14:25 via timesofindia.indiatimes.com
  
  Chief Economic Adviser V Anantha Nageswaran defended India's GDP statistics, stating the country does not artificially inflate growth figures through methodological changes. He emphasized that India follows internationally accepted practices and that revisions, like the recent rebasing, demonstrate transparency rather than manipulation. Nageswaran suggested criticism often stems from unmet expectations rather than data quality concerns.
  
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• Renewable energy boost: Aditya Birla Group to buy Shell-backed Sprng Energy; deal worth $1.8 billion

  13-07-2026 18:01 via timesofindia.indiatimes.com
  
  The acquisition will bring nearly 5 gigawatt-peak (GWp) of contracted renewable energy capacity into ABRen's portfolio, comprising around 3.3 GWp of operational projects and another 1.7 GWp currently under construction. Following the transaction, ABRen's total portfolio will expand to about 9.3 GWp.
  
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• Why Dubai's housing market slowed in 2026; sales fell 16%, prices dipped by 7%

  13-07-2026 17:07 via timesofindia.indiatimes.com
  
  Dubai's residential property sales saw a sixteen percent decrease in early 2026. This slowdown occurred as regional geopolitical tensions impacted buyer sentiment and demand. Despite this, sales remained fifteen percent higher than in the first half of 2024. Residential property prices saw a slight decline between February and April. However, 2025 was a record year for Dubai's property market.
  
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• Donald Trump announces 20% toll on ships in Strait of Hormuz; to ‘reinstate’ Iran blockade

  13-07-2026 16:49 via timesofindia.indiatimes.com
  
  Trump's announcement comes after another major exchange of fire cast fresh uncertainty over efforts to negotiate an end to the conflict. Before Iran asserted control over the Strait of Hormuz after the war began, about one-fifth of the world's oil and gas supplies moved through the strategic waterway.
  
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• ‘To be signed at right time’: India-US trade deal framework ‘ready’, says official

  13-07-2026 15:38 via timesofindia.indiatimes.com
  
  India-US trade deal: India is seeking a tariff structure under the proposed agreement that provides it with a comparative advantage over competing countries.
  
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• Retail inflation jumps to 4.38% in June, driven by food, jewellery prices; breaches RBI's 4% target

  13-07-2026 13:12 via timesofindia.indiatimes.com
  
  India's retail inflation increased to 4.38 percent in June from May's 3.93 percent. Higher food prices significantly pushed up the overall Consumer Price Index for the month. Ginger and tomatoes saw substantial year-on-year price increases, contributing to the overall rise. However, some items like potatoes and peas became cheaper compared to last year. Rural areas experienced higher inflation rates than urban centers during this period.
  
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• ITR filing: 10 penalties taxpayers should not ignore - from late filing fee to under-reporting defaults

  13-07-2026 13:01 via timesofindia.indiatimes.com
  
  ITR filing: What are the various sections under which income tax penalties are applicable? When does a default happen and what are the penalty amounts that have to be paid by taxpayers? Here is a list of 10 top 10 penalties that can be imposed:
  
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• India's commerce portfolio: Imports outpace exports, trade deficit expands to $30.4 billion

  13-07-2026 12:54 via timesofindia.indiatimes.com
  
  India's merchandise imports surged thirty-one percent year-on-year in June. Exports also rose fifteen point five percent, while imports climbed sharply. The country's trade deficit stood at thirty point four three billion dollars for the month. During the April-June quarter, exports increased fifteen point nine two percent. Imports during the same period rose nineteen point eight nine percent, widening the deficit.
  
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• Supreme Court: Bank merger without landlord's consent can attract eviction under Delhi Rent Control Act

  13-07-2026 12:11 via timesofindia.indiatimes.com
  
  The Supreme Court has ruled that a bank cannot resist eviction under the Delhi Rent Control Act merely because it came into possession of leased premises through a statutory amalgamation.
  
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• Spain's Submer to invest $2 billion in Madhya Pradesh semiconductor sector, may create 5,000 jobs

  13-07-2026 11:28 via timesofindia.indiatimes.com
  
  Spain's Submer Group will invest two billion dollars in Madhya Pradesh's semiconductor sector. This significant investment is expected to generate approximately five thousand direct employment opportunities. The company plans to establish a manufacturing facility for advanced liquid cooling solutions. Submer aims to position India as a central hub for manufacturing and serving the Asian region. The initiative also includes skill development programs for next-generation data centers.
  
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• Global funds fall in love with Indian stocks again; buy $1 billion in equities as foreign investors rush back

  13-07-2026 09:55 via timesofindia.indiatimes.com
  
  Foreign investors, who resumed buying Indian debt in June, have extended that renewed interest to equities in July. After several months of continuous selling, foreign portfolio investors (FPIs) have become net buyers this month, investing $2.59 billion (Rs 24,662 crore) during the first 10 days of July.
  
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• Stocks to buy: What's the outlook for Nifty for July 13-July 17 week? Check list of top stock recommendations

  13-07-2026 08:56 via timesofindia.indiatimes.com
  
  Stock market recommendations: Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities recommends Indian Hotels Company, and Equitas Small Finance Bank as top stocks to buy for the July 13-July 17, 2026 week. Technical outlooks for Nifty, and Bank Nifty have also been shared:
  
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• Gold price prediction today: Any end to gold fall in sight? Check outlook for July 13, 2026 week

  13-07-2026 08:41 via timesofindia.indiatimes.com
  
  Gold price prediction today: Gold prices are trading with a bearish bias as geopolitical events weigh on investor sentiment, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.
  
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• Top stocks to buy: Stock recommendations for July 13, 2026 week - check list

  13-07-2026 07:31 via timesofindia.indiatimes.com
  
  Stock market recommendations: Motilal Oswal Wealth Management Research Desk recommends buying GE Vernova T&D India, and Apollo Hospitals as the top stocks for the week starting July 13, 2026:
  
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• Kospi dream rally fumbles: World's best-performing stock plunges 7% - what's behind crash?

  13-07-2026 06:04 via timesofindia.indiatimes.com
  
  South Korea's Kospi index experienced a significant 7% decline on Monday. Rising Middle East tensions and oil price spikes rattled global investors worldwide. Technology stocks, including SK Hynix and Samsung Electronics, led the sharp fall. The market correction intensified concerns over AI-linked semiconductor company valuations. Despite the recent drop, the Kospi remains a top global performer this year.
  
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• Nifty Realty Index: How NSE measures performance of real estate sector

  13-07-2026 06:00 via timesofindia.indiatimes.com
  
  The Nifty Realty Index tracks India's listed real estate companies' performance. It comprises ten firms selected by free-float market capitalization and rebalanced semi-annually. DLF, Phoenix Mills, and Lodha Developers hold the largest weights within the index. Companies must meet specific criteria, including trading volume and market capitalization for inclusion. This index serves as a benchmark and basis for financial products, reflecting sector sentiment.
  
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• Chaos returns to Middle East: Oil prices jump 4% as US-Iran exchange strikes

  13-07-2026 04:05 via timesofindia.indiatimes.com
  
  Oil prices surged sharply as renewed military action between Iran and the United States escalated tensions.Fresh strikes expanded to Qatar and the United Arab Emirates over the weekend.This escalation has clouded the future of the interim US-Iran agreement signed last month.Market participants remain cautious about how the developing situation could unfold.Iran's Ministry of Foreign Affairs issued a strong condemnation of the latest US military strikes.
  
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• Auto lenders bet on embedded finance

  13-07-2026 03:35 via timesofindia.indiatimes.com
  
  Auto financiers are pushing for embedded finance and digital credit integration. This shift aims to make car purchases more seamless for customers. Traditional installment loans still dominate the Indian auto finance market. Dealers seek more transparent wholesale funding and quicker rate reductions. Robust used-vehicle funding and smoother reconciliation are also needed.
  
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• After two years, pharma volumes pick up pace

  13-07-2026 03:33 via timesofindia.indiatimes.com
  
  Domestic pharmaceutical retail growth shows strong signs of demand-led expansion. Volume growth in June exceeded three percent, a significant positive shift. Industry growth outlook is now revised upwards to over eleven percent this year. Higher sales of lipid-lowering and cardiac therapies led the market's recent surge. Chronic therapies continue to outpace the market, driven by lifestyle diseases.
  
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• Government weighs cybersecurity framework for IoT devices

  13-07-2026 03:26 via timesofindia.indiatimes.com
  
  India is considering a cybersecurity framework for internet-connected devices. This initiative aims to enhance security standards for smart meters and other IoT products. The government is exploring measures for stricter security and certification requirements. This move follows a similar mandate for internet-enabled CCTV cameras. The focus remains on ensuring product security regardless of manufacturing origin.
  
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• Foreign investors return to India, equities lead revival

  13-07-2026 02:58 via timesofindia.indiatimes.com
  
  Foreign investors have returned to Indian markets, showing renewed interest in equities during July. This shift follows months of consistent selling, with significant inflows recorded in early July. Equities have become the primary destination for foreign capital, attracting substantial investments. Debt markets also continue to see inflows, extending momentum from previous months. Stronger economic fundamentals and a stable currency are contributing to this positive investment trend.
  
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• Oil companies plan expanding 10-kg LPG cylinder sales

  13-07-2026 01:20 via timesofindia.indiatimes.com
  
  State-run oil companies are considering expanding lightweight 10-kg LPG cylinders for commercial use. These cylinders will likely be sold at commercial LPG rates if approved by authorities. This move could benefit migrant workers, tenants, and street vendors needing LPG. The advanced composite cylinders are nearly fifty percent lighter than steel ones. They offer easier handling and portability for consumers and businesses.
  
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• Four top-10 firms add Rs 93,000 crore in mcap despite weak market; HDFC Bank, Airtel lead gains

  12-07-2026 18:07 via timesofindia.indiatimes.com
  
  Four of India's top ten companies added significant market value last week. HDFC Bank and Bharti Airtel led these gains, increasing their valuations substantially. Reliance Industries also saw its market capitalization rise, retaining its top position. However, Hindustan Unilever and Larsen & Toubro experienced the steepest declines. The equity markets ended the week negatively due to geopolitical concerns and oil prices.
  
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• Stock market this week: Q1 earnings, inflation data, Middle East tensions to keep D-Street volatile

  12-07-2026 16:56 via timesofindia.indiatimes.com
  
  The upcoming week will see investors focus on corporate earnings and key economic data. India's inflation figures and foreign exchange reserves are scheduled for release soon. Global developments, including West Asia tensions, will also influence market sentiment. Foreign institutional investors have recently turned net buyers of Indian equities. Market participants will monitor monsoon progress alongside these important economic indicators.
  
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• India-UK FTA opens doors, but tariff cuts alone won't lift exports: GTRI

  12-07-2026 15:45 via timesofindia.indiatimes.com
  
  India's new trade pact with the UK opens market access for exporters.However, strengthening quality standards and logistics is crucial for success.Food and engineering sectors face specific regulatory and certification requirements.Labour-intensive industries like garments and textiles offer significant export potential.Processed foods and automotive components also present substantial untapped opportunities.
  
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• EPFO launches one-time Amnesty Scheme for exempted PF trusts after portal revamp: What it means

  12-07-2026 14:19 via timesofindia.indiatimes.com
  
  EPFO introduced a one-time Amnesty Scheme for exempted Provident Fund Trusts.This scheme allows establishments to regularize their compliance status under the EPF Act.Eligible employers can obtain retrospective exemption and resolve pending issues.The amnesty offers relief from litigation and waives certain compliance requirements.Applications for this opportunity remain open until December.
  
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• Gold, silver rate outlook: Middle East conflict, inflation data to drive prices this week

  12-07-2026 13:45 via timesofindia.indiatimes.com
  
  Precious metals are expected to remain under pressure in the coming week. Geopolitical uncertainty in the Middle East weighs against upcoming inflation data. Investors are awaiting economic indicators that could shape global interest rate expectations. Bullion prices ended the week sharply lower, mirroring global trends. Analysts believe bullion will remain range-bound until stronger triggers emerge.
  
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• How trains running at 160 kmph aim to transform Delhi-NCR and cities around it

  11-07-2026 12:33 via timesofindia.indiatimes.com
  
  The Delhi-Meerut RRTS corridor is just the first stepping stone to a much larger urban mobility plan that aims to transform connectivity in and around Delhi-NCR, with an ambition to develop satellite cities as hubs for growth and development.
  
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• NSE Indices launches Nifty500 Ahimsa Index: From 'ethical' filters to screening, how the benchmark works

  11-07-2026 10:12 via timesofindia.indiatimes.com
  
  NSE Indices has launched the Nifty500 Ahimsa Index, tracking companies aligned with non-violence principles. This new index targets investors seeking animal welfare considerations in their portfolios. Companies are screened using the Ahimsagain Foundation's AIM framework for eligibility. The index offers a transparent benchmark for responsible investment products. It will serve as a base for ETFs and index funds.
  
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• India building strategic oil reserves: ONGC board approves plan for 1.75-million-tonne storage capacity

  10-07-2026 18:07 via timesofindia.indiatimes.com
  
  As the world's third-largest importer and consumer of crude oil, India relies on imports for more than 88 per cent of its crude oil requirements. Against the backdrop of geopolitical uncertainty and fluctuations in global oil markets.
  
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