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Air India's provisional Q1FY27 loss likely to cross Rs 1,200 crore
Singapore Airlines reported a net loss of 311.78 crore from its Air India stake. Air India's provisional loss for the fiscal first quarter exceeded 1,200 crore. High fuel costs and airspace closures pressured the carrier's operations. Despite losses, SIA and Tata Sons remain committed to Air India's transformation. A full turnaround for Air India is projected to take up to a decade.
Draft final probe report of AAIB in Ahmedabad plane crash will be filed in October, SC told
The Supreme Court will receive the draft final report on the Air India flight AI-171 crash in October. The Aircraft Accident Investigation Bureau is preparing this report in a sealed cover. Simulation tests have been conducted as requested by petitioners in the ongoing investigation. The Federation of Indian Pilots can submit their inputs for consideration by the bureau. The court has scheduled further hearings for these petitions on October thirteenth.
Canara Bank to frontload ECL provisioning, plans 8,000 cr capital raise
Canara Bank will frontload expected credit loss provisioning within two years. The bank revised its provisioning projections upward to 12-13,000 crore. This move will impact the capital adequacy ratio by sixty basis points. Canara Bank plans an 8,000 crore capital raise to cover this impact. The bank's gross advances grew eighteen percent year-on-year.
Tata Consumer preps F&B push for post-weight-loss needs
Tata Consumer Products is developing new foods and beverages. These products will help manage side effects from weight loss medications. The company plans to introduce these items within the next sixty days. This initiative addresses reduced protein and fiber intake from such drugs. Demand outlook remains positive despite global economic challenges.
Govt imposes stock limit on sugar from Aug 1 to Nov 30 to prevent hoarding during festival season
The government has imposed nationwide stock limits on private sugar traders. These restrictions will be in force from August 1 to November 30. Dealers cannot hold more than 4,000 quintals of sugar at any single location. A quota of 2.25 million tonnes of sugar has been announced for August. Physical verification of stocks with sugar mills will occur during August 1-14.
SBI, HDFC Bank seek $1.7 billion overseas to boost dollar resources
State Bank of India and HDFC Bank are raising significant dollar funds. These large Indian banks are borrowing from foreign institutions to boost reserves. The banks aim to leverage the Reserve Bank of India's special dollar attraction facility. This move allows them to attract overseas client deposits without hedging costs. Both institutions are actively participating in the international dollar funding market.
Patchy rains may hit rural lending, banks stay cautious
Bankers are closely watching monsoon rains and their impact on rural credit. Uneven rainfall poses inflation risks for summer crops and rural incomes. A strong winter harvest offers some financial cushion for lenders. Early stress is visible in personal and micro-enterprise loan segments. Lenders may slow small-ticket loan delivery due to risk aversion.
NTPC is setting ambitious goals with a proposed investment of 16.68 lakh crore over the next eleven years. By 2037, the company aims to nearly triple its energy generation capacity, focusing on renewable sources to achieve 136 GW. Additionally, plans include establishing 30 GW of nuclear power by 2047, alongside the development of a significant green hydrogen hub near Visakhapatnam.
Will continue to invest in India: Unilever CEO Fernando Fernandez
The dove soap maker expects its India arm, Hindustan Unilever, to deliver a high-single digit growth in the coming quarters, with profit growth slightly outpacing revenue growth, according to chief financial officer Srinivas Phatak. HUL has outperformed its global counterparts in terms of significant metrics in the first quarter of FY27, such as volume and value growth which stood at 5% and 10%, respectively.
TTD To File Complaint Against Real Estate Firm's Promise Of 'Lifetime Tirumala VIP Darshan'
TTD will file a police complaint against a real estate firm for allegedly misleading buyers by promising lifetime Tirumala VIP break darshan.
Ethanol Blending in Petrol to Reduce Crude Oil Dependence and Boost Economy: Shalivahan Srivastava
Visakhapatnam, July 29: Shalivahan Srivastava, Director of the Indian Institute of Petroleum and Energy (IIPE) in Visakhapatnam, emphasized the significance of ethanol blending in petrol (E20). He stated that each liter of ethanol mixed into petrol replaces a liter of imported fossil fuel. This initiative not only reduces Indias dependence on crude oil imports but ... Read more Ethanol Blending in Petrol to Reduce Crude Oil Dependence and Boost Economy: Shalivahan Srivastava
Auto cybersecurity rules in works; framework to be ready in six months
India is developing a stringent cybersecurity compliance framework for all new vehicles. This initiative follows recent e-rickshaw battery hacking incidents through mobile applications. The proposed framework, expected within six months, will emphasise hacking-proof compliance for new vehicles.
BDR Pharmaceuticals eyes controlling stake in Acme Formulation
PAG acquired a controlling stake in Acme Formulation for $145 million (?1,054 crore) through its PAG Asia III buyout fund in 2021. Founder and managing director Viral Shah retained a significant minority stake after the transaction and continued as managing director and CEO. PAG owns about 62% of the company, while Shah holds around 31%, with the balance is owned by other investors.
Before Stephen Hawking established himself as a legendary name in the field of astrophysics, cosmology, he was a bright student at Oxford. Yet, like any youngster, he made his father Frank worry that he would fall behind academically.
RBI to begin pilot of 10, 20 polymer notes; paper currency to continue
The MoS in the finance ministry added that according to the RBI, the polymer banknotes are proposed to be issued along with paper banknotes and here is no proposal to replace paper currency with polymer substrate-based banknotes.
In a viral post on Instagram, dietician Raakhi Ganneriwal said she followed ten simple steps to keep her skin flawless and radiant even in her late 40s.
T.N. Housing Minister to inaugurate The Hindu Real Estate & Infrastructure Summit 2026 on July 30
Event will explore urban real estate trends, such as the expansion of GCCs, smart manufacturing hubs, AI in construction, new investment corridors,luxury housing boom, sustainable housing, and policy reforms
T.N. Housing Minister to inaugurate The Hindu Real Estate & Infrastructure Summit 2026 on July 30
Event will explore urban real estate trends, such as the expansion of GCCs, smart manufacturing hubs, AI in construction, new investment corridors,luxury housing boom, sustainable housing, and policy reforms
PM Modi Chairs High-Level Meet To Shield Indian Economy, Supply Chains From West Asia Crisis
Concerned with widespread misinformation in this digital age, the prime minister also stressed a proactive outreach on strategic sectors to counter such misinformation. The prime minister also underscored the importance of technological self-reliance and building domestic capabilities in critical sectors, the government said in the statement.
Palash Soni, an IIT Kanpur and Harvard Business School graduate, reflected on the journey of building Goldcast, the AI-powered B2B video platform that was acquired for $300 million. He said naivety and focus were among the key strengths that helped him succeed as an entrepreneur. Soni also spoke candidly about the difficult decision to carry out layoffs and described intellectual honesty as one of the most important qualities of top performers.
Chinese Proverb of the Day highlights the meaning of He who depends on himself will attain the greatest happiness. The saying reflects the importance of self-reliance, confidence, and personal responsibility in creating a fulfilling life. It suggests that true happiness comes when individuals trust their own abilities, overcome challenges through their own efforts, and take control of their choices rather than depending completely on others. The proverb emphasizes that personal growth, independence, and the satisfaction of achieving goals through determination can bring a deeper sense of fulfillment.
India-China border trade via Lipulekh to start from Aug 1, China allows 20 traders to cross border
Border trade between India and China via Lipulekh Pass will resume on August 1. Twenty Indian traders will visit Purang to check preparedness and existing stock. This trade, halted in 2019 due to the pandemic, is vital for the region. Local traders and tribal communities anticipate significant economic relief from this resumption. Necessary arrangements are now in place for this historic trade to recommence.
Dean Martin, a Hollywood icon, desired to be remembered as a good entertainer. He wished to be seen as a nice guy who made people laugh. Martin's career spanned acting and singing, leaving a lasting legacy. He was known for his relaxed style and charismatic personality. His influence continues to be felt decades after his passing.
Telecom Minister Jyotiraditya Scindia reviews progress of Bharat 6G Alliance
Communications Minister Jyotiraditya Scindia reviewed the Bharat 6G Alliance's progress. The alliance works through seven specialized groups for technology advancement. Member organizations hold over 7,700 patent filings for 5G and 6G technologies. This reflects the growing strength of India's research and innovation. India aims to be a front-line contributor in 6G by 2030.
Will using E20 petrol lead to insurance claim rejection? Heres what govt says
The Ministry of Petroleum and Natural Gas has clarified E20 petrol use. Insurance claims cannot be rejected solely based on using E20 fuel. This statement addresses growing concerns and misinformation surrounding ethanol-blended fuel. The Ethanol Blending Programme has been scientifically validated and implemented with industry partners. No widespread engine issues have been reported since E20 petrol's introduction.
Japanese Mindset: Datsuzoku, a Japanese philosophy, encourages breaking free from predictable daily routines. This mindset involves introducing small, intentional surprises to awaken senses and foster creativity. By looking at ordinary things differently, one can find unexpected beauty in everyday life. Modern existence often involves repetition, making Datsuzoku's lessons particularly relevant today. Embracing these simple changes allows for a richer experience of the present moment.
Halo Campaign Evolved, a modernized remake, has launched across major gaming platforms. Early player responses show a division between praise for visuals and criticism of design. The remake includes updated graphics, refined controls, and enhanced level design elements. New prequel missions and expanded weapon arsenals are also part of this release. This version offers co-op play but omits competitive multiplayer modes.
CBI files charge sheet against 13 accused in NEET-UG 2026 paper leak case
The Central Bureau of Investigation has filed a charge sheet against thirteen accused individuals. These arrests are related to the NEET-UG 2026 question paper leak incident. Charges include criminal conspiracy and cheating under the Bharatiya Nyaya Sanhita. The agency has cited numerous witnesses, documents, and material objects in its filing. All thirteen accused individuals are currently held in judicial custody.
India attractive long-term opportunity for Coca-Cola: CEO Henrique Braun
Coca-Cola sees significant opportunities in India's beverage market. The company is investing in both affordable and premium product segments. Revenue growth management capabilities are being enhanced to meet consumer needs. India remains a long-term growth market for the global beverage giant. Coca-Cola continues to build its brand equity and consumer engagement here.
Can you change the income tax regime while filing ITR? Here's what taxpayers should know
Salaried taxpayers can switch between the old and new tax regimes while filing their ITR, regardless of the regime used by their employer for TDS. However, rules differ for those with business income. Understanding the flexibility and tax impact can help taxpayers make an informed choice.
Success is seldom easy. To succeed, you need to be sincere in your efforts, put in the work. An old Alaskan saying imparts a timeless truth - if you want to realise your dreams, work hard for it.
'Delulu' takes over Lok Sabha: Tejasvi Surya, Supriya Sule clash over who has Gen Z's support
PM Modi chairs second high-level meeting with Secretaries, reviews agenda for Viksit Bharat
Prime Minister Narendra Modi chaired a high-level meeting reviewing future action agendas. Discussions focused on finance, commerce, and technology sectors for Viksit Bharat goals. The Prime Minister urged stronger coordination among government departments and ministries. Officers were encouraged to work with a shared purpose for integrated outcomes. This meeting reviewed key initiatives and implementation challenges across these vital areas.
Keralas Neelakurinji flower, scientifically known as Strobilanthes kunthiana, blooms only once every 12 years, transforming the hills into a stunning blue and purple landscape. The rare spectacle attracts nature lovers to destinations like Munnar, Eravikulam National Park- a UNESCO World Heritage Site, Rajamala, Koviloor and Top Station. According to Kerala Tourism, the best time to witness the bloom is between August and October. Visitors should check access restrictions, as some areas have been protected due to conservation concerns and elephant movement.
President Donald Trump defended his tariff strategy, asserting it attracts hundreds of billions in investments. He stated these tariffs replaced a blocked route after a Supreme Court ruling against him. Trump claimed tariffs have benefited the US economy and encouraged domestic company investments. He also cited General Motors and chip plant investments as tariff successes. Toyota's move from Mexico to the United States was also presented as a tariff-induced win.
Air India Express waives cargo costs for NGOs sending Assam flood aid
Air India Express announced waiving cargo charges for flood relief materials. This waiver applies to flights traveling to Guwahati from Delhi and other cities. The airline operates multiple daily flights connecting these key locations. Registered NGOs and relief organizations can contact the airline for assistance. This initiative aims to support those affected by the devastating floods.
TruAlt Bioenergy Q1 net zooms to 59.27 crore on higher revenues
The company reported a PAT of 59.27 crore for Q1FY27 over same period last years 4.73 crore; revenues for the quarter were up 96% at 641.41 crore against corresponding last quarters 326.63 crore
ITC fraud worth Rs 74,782 crore detected in FY26; Maharashtra, Gujarat lead
Central GST officers detected over 30,000 input tax credit fraud cases in 2025-26. These cases involved approximately Rs 74,782 crore and led to 358 arrests. Maharashtra and Gujarat reported the highest number of fraud cases and associated financial values. Fake GST registrations using forged documents also contributed to substantial ITC fraud. The number of detected fraud cases has sharply increased over the past three years.
EPF Scheme 2026: Got married? Your past PF nomination is now invalid key FAQs answered
Your earlier EPF nomination becomes invalid once you get married. Filing a fresh nomination ensures your PF benefits are paid to the intended beneficiaries without unnecessary delays or legal complications.
CCI clears Go Digit Infoworks merger with insurer; Fairfax entity to hold 57.28% stake
The Competition Commission of India approved Go Digit Infoworks' merger with Go Digit General Insurance. This transaction will see Go Digit Infoworks Services merge into the insurer, which remains the surviving entity. Following the merger, the Fairfax group entity will hold a majority stake in Go Digit General Insurance. Separately, the CCI also approved Brookfield Asset Management's acquisition of Oaktree Capital Group units.
Mumbai, July 28: Amid ongoing debates regarding the policy of blending 20% ethanol (E-20) into petrol, Professor Aniruddha B. Pandit, Vice Chancellor of the Institute of Chemical Technology (ICT), has openly endorsed this initiative. He stated that the E-20 blending policy is scientifically grounded and will not only reduce Indias dependence on crude oil but ... Read more Expert Supports 20% Ethanol Blending in Petrol as a Scientific Decision Benefiting Farmers and the Economy
Indias cotton area expands as monsoon gathers pace, coverage tops 100 lakh hectares
Cotton sowing is taking place in about 50,000 hectares every day, Atul Ganatra said, adding that in Andhra the area has increased by 31% and by 4% in Telangana
While resting on your laurels and being contented with what you have is good for the soul and definitely helps you improve your mental well-being, you should never give up the drive to do better.
Delhi HC issues notice to Govt on ISMAs petition on artificial sugar use
ISMA seeks stricter labelling, warnings, and India-specific studies on artificial sweeteners health risks
Ankur Warikoo shared three moments he believes destiny changed his life: being rejected by Google, missing IIT and leaving his startup just before the lockdown. The setbacks led him to start his first company, meet his wife at Hindu College and begin creating content. Reflecting on his journey, Warikoo said every failure felt like the end but ultimately opened the door to something better.
Minimum balance charges swell pvt banks' coffers by nearly Rs 5,000 cr in FY26
Private banks collected over Rs 4,900 crore from account holders for minimum balance failures. Public sector banks also gathered Rs 2,100 crore during the same financial year. HDFC and Axis Banks led private sector collections for these account charges. No penalties are applied to basic savings accounts, including Jan Dhan accounts. The government introduced a credit guarantee scheme to support businesses facing liquidity issues.
IndiGo added 330 pilots in FY 26
IndiGos pilot numbers were a topic of regulatory scrutiny following massive disruption of its flights last December.
Two proxy advisers split on Zee promoter warrant issue ahead of EGM
Two proxy advisory firms have issued contrasting recommendations for Zee Entertainment's upcoming shareholder meeting. InGovern advises rejecting a preferential warrant issue, citing governance concerns and dilution. Stakeholders Empowerment Services recommends approving all resolutions, stating regulatory compliance.
Theres no such thing as a lunch break: Gen Z techies work-from-home post strikes a chord online
A post by techie Rutuja on X has resonated with remote workers after she wrote that there is o such thing as a lunch break when working from home, as people often eat while replying to messages or attending meetings. Many users agreed, calling it relatable. Some shared solutions such as taking lunch away from the desk, setting a fixed lunch schedule, updating Slack status, and maintaining office-like routines to avoid stress and unhealthy work habits.
Multi-asset allocation funds topped the hybrid category, recording 70,819 crore in net inflows in 12 months. These funds help diversify across equities, debt, gold, and other assets. Investors should evaluate allocation strategy, diversification, and capture ratios before investing.
Govt extends NTPC chief Gurdeep Singh's tenure by six months
Gurdeep Singh's term as NTPC chairman and managing director has been extended. The government approved a six-month extension for the top power company leader. This extension begins on August 1 and lasts for six months. It allows Singh to continue leading NTPC while a successor is selected. The selection process is currently underway for his replacement.
Govt companies request RBI to extend concessional forex swap by three months
Public sector firms want the RBI's forex swap facility extended by three months. This facility helps government companies hedge dollar costs for external borrowing. Banks have already mobilized over twenty billion dollars through this special swap scheme. The inflow of dollars is expected to ease pressure on the Indian rupee. This concessional hedging cost supports government companies opting for ECBs.
Delhi Lakshmi Yojana: 2,500 monthly assistance announced; Check eligibility, rules and documents
The Delhi government has launched the 'Delhi Lakshmi Yojana', providing eligible women with monthly financial assistance of 2,500, of which 1,500 will go into a locked savings account. The initiative aims to empower women financially and support family stability.
India mobile subscriber base up marginally to 1282.38 million in June: TRAI data
India's mobile subscriber base saw a slight increase in June, reaching 1282.38 million users. Bharti Airtel and Reliance Jio led net additions for core mobile subscribers. Machine-to-machine connections also grew significantly, with Bharti Airtel leading additions. Home broadband subscribers increased by 0.7 million month-on-month. Overall subscriber additions have slowed in recent months.
NPCIL invites bids for engineering, 3D design of Bharat Small Reactors
The Nuclear Power Corporation of India Ltd is on the lookout for expert consultants to assist with both plant engineering and 3D modelling for its new 220 MW Bharat Small Reactors, specifically tailored for industrial energy demands. This upgrade of indigenous reactors aims to decrease land usage for their deployment.
Turmeric prices soar on tight supplies, fear over deficient monsoon rain
Turmeric prices surged to 200 a kg in the Erode APMC yard from 160 in a very short time, but have pulled back to 170, said RKV Ravishankar, President of Erode Turmeric Merchants Association
I work remotely in India for a US firm. Can I avoid Indian tax if I'm paid in the US?
Many tech professionals moving back home assume receiving dollars in a foreign account keeps their income out of local jurisdictionhere is how tax residency rules actually treat global earnings.
Govt considering proposal to ease FDI norms for downstream investments: Sources
The government is considering easing foreign direct investment norms for downstream investments. This move aims to boost overseas fund inflows and create new jobs. Most sectors are already open to 100 percent foreign investment under the automatic route. India has attracted significant FDI inflows between 2014-15 and 2025-26. Continuous policy reviews ensure India remains an attractive investment destination.
India's imports grew significantly, reflecting domestic demand and manufacturing expansion, the govt said. The trade deficit highlights development needs and energy dependence for economic growth, it added.
Andhra govt partners with AstraZeneca to transform cancer care
Andhra Pradesh signed an MoU with AstraZeneca for an integrated precision oncology ecosystem. This initiative will integrate artificial intelligence and advanced genomics for cancer care. The collaboration aims to transform patient journeys from screening to follow-up. AstraZeneca will deploy AI-powered solutions for early lung cancer detection. An Integrated Genomic Solutions Centre will expand access to advanced cancer diagnostics.
Dont throw away plastic bottles: How to make DIY planters and 7 other clever hacks to reuse them
Plastic bottles can be reused creatively instead of being thrown away. From DIY planters and watering cans to cable organisers, funnels, bird feeders and storage containers, these everyday items can serve multiple purposes at home. Reusing plastic bottles helps reduce waste while offering affordable solutions for gardening, organisation and household needs. With simple modifications, old bottles can become practical tools that are useful, sustainable and cost-effective.
Why has Irans economy not collapsed under US war pressure?
Millions in sanctions-hit country keep absorbing economic shockwaves, with analysts saying trend looks set to continue. Why has Irans economy not collapsed under US war pressure?
Indus Towers Africa foray on track, operations to start in September quarter
Indus Towers is launching its Africa expansion in September after securing necessary approvals. The company sees this as its largest growth opportunity outside of India. Operations will begin with an anchor customer, likely Airtel Africa, ensuring faster startup. Initial capital expenditure in Africa will be moderate and largely debt-funded. This expansion occurs alongside strong growth potential within the Indian market.
Alcohol can not just cause long term health issues such as liver damage and endanger heart health, it can also cause irreparable damage to your brain. Recently, actor Madhavan shared a video of Telegram CEO Pavel Durov explaining why he had stayed away from alcohol.
Indias 'looksmaxxing' economy: More science, more spending, fewer taboos
From cactus to Peepal tree: 5 plants Vaastu says you should keep away from your entrance
According to Vaastu Shastra, plant placement is believed to influence the energy of a home. While Tulsi, money plant and jade plant are considered auspicious, some plants are traditionally avoided near the main entrance. Artificial plants, tamarind trees, Peepal trees, cactus and bonsai plants are believed by some practitioners to create negative or restricted energy. However, these are cultural beliefs and not scientifically proven.
Industrial growth hits 23-month high of 7.3% in June 2026
Growth in the Index of Industrial Production quickened on the back of strong performances in the manufacturing, electricity, capital goods, and consumer-facing sectors.
Infrastructure projects see cost overrun of Rs 4.92 lakh cr: MoSPI
Infrastructure projects worth over Rs 150 crore each registered substantial cost overruns. A total of 1,847 projects monitored showed revised costs exceeding original estimates. Significant progress is noted with many projects nearing completion and advanced stages. The Transport and Logistics sector leads in ongoing projects and revised costs. Energy and communication infrastructure also see considerable investment and development.
Switched jobs and lost track of your old PF account? Govt explains how EPFO's e-portal can help
The government has revealed that the EPFO has developed an Aadhaar-based e-portal to help members trace old inoperative PF accounts, transfer balances to their active UAN or settle claims. The portal aims to reduce paperwork, improve transparency and simplify access to forgotten PF savings.
Gadkari says ethanol-blending policy not under his ministry, moves Bombay HC against AI deepfakes
Union minister Nitin Gadkari filed a civil suit seeking removal of AI-generated content. He claims deepfakes falsely link him and his family to ethanol program financial gains. The suit states the ethanol blending initiatives fall under another ministry's purview. Gadkari's office clarified the Union Cabinet made the blending decision. The Bombay High Court granted permission to file the suit against social media platforms.
The study identified climatic conditions that support beneficial microbial activity and enzyme functions. Findings established soil microbial communities as sensitive indicators of environmental change and sustainable tea production. This work will support climate-resilient tea production by improving soil health monitoring.
Global travel restrictions benefited premium Indian liquor retail: CartelBros Mokksh Sani
Global travel restrictions redirected premium liquor sales to domestic retail markets. This shift occurred as duty-free sales at Indian airports experienced a reduction. People who previously bought bottles abroad now increase domestic consumption. India's imported spirits market shows strong growth fueled by premiumization trends. Passenger numbers and beverage alcohol volumes are expected to rise significantly.
Knowledge Realty Trust records 15% growth in Q1 revenue, net operating income
Knowledge Realty Trust experienced a significant boost, as revenue and net operating income climbed by fifteen percent. The portfolio occupancy rate improved to ninety-three percent due to active leasing efforts, and tenants exhibited commendable retention by expanding their spaces. Notably, the REIT secured average leasing spreads of thirty-five percent on new leases, emphasizing a robust appetite for high-quality office environments in India.
Women drive Indias agriculture, constitute 60% of workforce
41% women were engaged in self-employed category in agriculture during the same period, says Ramnath Thakur, Union Minister of State for Agriculture and Farmers Welfare
Govt cracks down on sugar hoarding, imposes 30-day stock limit from Aug 1 till Nov 30
The Centre has imposed stock holding limits on sugar dealers nationwide from August 1 to November 30. This measure aims to curb hoarding and speculative trading, ensuring adequate domestic availability. The government will closely monitor market activities and take further steps if needed. Sugar prices have climbed to record highs recently, prompting government intervention. Genuine trade and distribution activities will continue without disruption during this period.
Barclays sees RBI holding rates in Aug policy as FCNR(B) inflows ease rupee concerns
In the forthcoming monetary policy meeting, the Reserve Bank of India is likely to maintain the current interest rates. The recent surge in foreign capital has mitigated fears surrounding the rupee's performance. However, sustained inflation levels pose a significant challenge for the bank's decisions. The current geopolitical landscape and the impacts of El Nino necessitate a cautious approach, with close attention to inflation metrics and oil price fluctuations.
Macroeconomic fundamentals of Indian economy remain strong amid global challenges
India's economy shows strong macroeconomic fundamentals and a resilient financial system. Robust domestic demand and healthy corporate balance sheets support sustained economic growth. The Indian Rupee has depreciated against the US Dollar due to global events. Regional Rural Banks and Public Sector Banks have reported record profits. Government initiatives aim to support businesses and financial inclusion across the nation.
India's urea imports jumped eighty-three percent last fiscal year to meet rising domestic demand. Di-ammonium phosphate imports also rose significantly during the same period. Urea production experienced a slight decrease in the most recent fiscal year. However, di-ammonium phosphate output saw an increase last fiscal. Total fertilizer production reached over five hundred lakh tonnes in 2025-26.
Four new Namo Bharat RRTS corridors in Delhi-NCR: NCRTC has submitted detailed project reports for four new Namo Bharat corridors covering Delhi-Karnal, Delhi-Bawal, Bawal-Behror and Ghaziabad-Noida International Airport routes. The Centre is currently reviewing the proposals, with funding decisions subject to technical and financial appraisal. Parliament was informed of this on Monday.
Jennifer Aniston once said, **Whoever has said everything has to be forever, that is too much pressure. I put that pressure on myself**. Reflecting on her divorce from Brad Pitt, the Friends star shared that their split was amicable and taught her that not every relationship needs to last forever to hold value. Aniston believes unrealistic expectations of a fairy-tale romance can create pressure, and embracing change allows people to move forward.
Delhi HC orders Paytm Payments Bank to be wound up: What happens to your Paytm wallet, UPI now?
The Delhi High Court ordered the winding up of Paytm Payments Bank Ltd due to non-compliance with regulations.
Singapore Airlines says tangible progress made in Air India's fleet renewal, service enhancements
Singapore Airlines reported tangible progress in Air India's fleet and service enhancements. The airline group's stake in Air India is a key pillar of its strategy. However, a net loss of USD 76 million was recorded in the April-June quarter. Increased jet fuel prices significantly impacted expenditures, despite fare adjustments. The company remains focused on growth opportunities and strengthening its competitive position.
New vs old regime: Income tax slab rates for FY26 know how slab-wise tax calculation works
Taxpayers should compare the new and old tax regimes before filing their ITR for FY26. Since India follows a slab-based tax system, only the portion of income falling within each tax slab is taxed at the applicable rate. Understanding this helps taxpayers estimate tax liability more accurately.
Emirates now accepts cryptocurrency for flight bookings; here's how it works
Emirates has launched Crypto.com Pay as a payment option on its website and mobile app, allowing eligible UAE residents to pay for flight bookings using cryptocurrency. The service supports bookings settled in UAE dirhams and is part of the airline's push to expand digital payment options under Dubai's cashless economy strategy.
Indian Equities Flat Ahead of Key Global Central Bank Meetings
Indian benchmark indices Sensex and Nifty ended flat on Tuesday, with the Sensex dipping nearly 70 points, as investor sentiment turned cautious ahead of crucial global central bank policy meetings and a significant sell-off in Asian markets.
Video: Santa Cruz lifeguard's daring wave rescue
Disappointment is life is inevitable. While life is never completely free from setbacks, professional failures and doing worse than what we expected, every new failure can yield new opportunities. One old American proverb carries a message of assurance.
Aluminium's Gulf disruption premium vanishes
LONDON: The Iran war is escalating again but you wouldn't know it from the aluminium price.Damage to two Gulf smelters and constrained logistics at others have already blown a 2-million-metric-ton hole in the global supply chain.But after surging to a four-year high of $3,787.50 per ton in early June, London Metal Exchange (LME) three-month aluminium is now trading around $3,170 per ton, which is exactly where it was before the United States unleashed its Operation Epic Fury - joint strikes with Israel on Iran - on February 28.So where did the war premium go?And is the market right to be so relaxed about the unprecedented supply hit to what both Washington and Brussels view as a critical metal?A SPEEDY RECOVERY? The market has been encouraged by the progress made by Emirates Global Aluminium in repairing and reactivating its Al Taweelah facility after an Iranian missile strike.The alumina refinery is expected to return to production this quarter and as of July 2 the company had restarted the first 89 of 1,262 cells in the smelter. However, the situation at Aluminium Bahrain, also hit by Iranian strikes, remains unclear, while Qatar Aluminium is continuing to operate at 60% capacity.Gulf production slumped by 20% in the first half of this year, according to the International Aluminium Institute. Smelter run rates have dropped by over 2 million tons annualised since the start of hostilities.Full recovery could still be many months away, even assuming a return to some sort of normality. That's looking increasingly unlikely as the United States resumes its bombing campaign on Iran, Tehran tightens its chokehold on the Strait of Hormuz and the Iranian-aligned Houthis start enforcing their own blockade of the Red Sea.CHINA CRANKS UP EXPORT VOLUMESThe surprising market calm over the last few days rests on a growing confidence that the loss of Gulf metal, even if protracted, can be offset by higher exports from China and Indonesia.China's aluminium smelters are enjoying strong profit margins thanks to the combination of low alumina and high metal prices. Capacity utilisation is sitting close to 99%, according to consultancy AZ Global.Exports of semi-manufactured aluminium products such as bars, rods and tubes rose by 10% year-on-year in the first five months of 2026, according to the World Bureau of Metal Statistics (WBMS), which collects official customs data. Shipments of 595,000 tons in May were the highest monthly count since November 2024.While China's product exports are not a like-for-like replacement for lost primary and alloy production from the Gulf, they can help rebalance the market by suppressing Western demand.The downside is that China's exports compete with similar semi-products capacity in the West, which has already pushed back with multiple trade protection measures.INDONESIA RISINGThen there is Indonesia.The country is rapidly emerging as a major supplier of primary aluminium thanks to a Chinese investment boom in new smelters. The 480,000-ton-per-year Hua Chin smelter, a joint venture between Tsingshan Holding Group and Huafon Group, ramped up last year and in May applied to register its HCAI brand with the LME. Another new entrant, Alamtri Resources Indonesia, is commissioning a similar-sized plant and shipped its first exports in June. The project pipeline stretches to as many as 11 new smelters with combined annual production capacity of 13 million tons, according to Greg Wittbecker, president of Wittsend Commodity Advisors.Indonesia's exports of primary metal jumped from 155,000 tons in 2024 to 511,000 tons in 2025 and rose by another 58% year-on-year in the first five months of this year, according to the WBMS.You can start to see why the aluminium market has become a lot more relaxed about the hit to Gulf production.STOCK ABSORBERSBut Indonesia's trade flows also reveal grounds for caution about the apparent resilience of the aluminium supply chain.The main destinations for last year's exports were China, accounting for 40%, followed by South Korea and Vietnam with a 16% and 12% share respectively.However, there were significant exports to Europe, particularly in the fourth quarter of the year.Indonesian smelters shipped 15,000 tons to Spain, 14,800 tons to Croatia, 11,000 tons to Bulgaria, 5,000 tons to Italy and 5,500 tons to the United Kingdom. Another 39,000 tons were dispatched to Turkey.This seems to have been a collective stock-building exercise ahead of the implementation of Europe's Carbon Border Adjustment Mechanism (CBAM) at the start of this year.While Inalum, Indonesia's original producer, uses low-carbon hydropower to supply its smelter, the new generation of plants is powered by coal, meaning higher CBAM import costs.The inventory build has served a massive secondary function by cushioning the impact of the Gulf disruption.The big question, though, is how much has been drawn down and when will it need replenishing?It's noticeable that while the war premium has disappeared in the LME futures market, it is still very much there in the CME's physical premium contracts.The European duty-unpaid premium is up by 65% since the start of the U.S.-Israeli war with Iran. The Japanese premium has more than doubled.LME traders may be sanguine about the deteriorating situation in the Gulf, but their physical counterparts don't seem so sure.Andy Home is a Reuters columnist. The opinions expressed are his own
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