Business
26 Jul 2026 · Business · Livemint
India's Central Board of Direct Taxes has released a guidance note directing crypto-asset service providers on reporting duties under the Income-tax Act 2025. It implements the OECD's G20-endorsed Crypto-Asset Reporting Framework for automatic cross-border tax-information sharing. Providers must flag users who are tax residents abroad and report crypto retail payments for goods or services above $50,000, while central-bank digital currencies are exempt.
26 Jul 2026 · Business · Hindustan Times
More than a dozen Indian companies are lining up initial public offerings expected to raise over ₹25,000 crore, buoyed by improving market sentiment. Quick-commerce firm Zepto leads with a fresh issue of up to ₹8,010 crore, followed by Truhome Finance at ₹3,000 crore, Elevate Campuses at ₹2,550 crore and Shiprocket at ₹2,342 crore. India has seen 36 IPOs in 2026 so far.
25 Jul 2026 · Business · The Hindu
About 45% of India's exports to the United States will not face the new 10% US tariff, the Commerce Ministry said on Saturday. The remaining 55% will attract the 'forced labour' levy, though at a lower rate than most other countries the US investigated. The government said it is also in talks with Washington on a quota-based system for Indian textile exports.
25 Jul 2026 · Business · The Hindu
State-run power producer NTPC's board has approved raising up to ₹12,000 crore through non-convertible debentures, in one or more tranches via private placement in the domestic market. The company disclosed the decision in a regulatory filing on Friday after its board met. The debentures may be issued until the resolution's first anniversary or the next annual general meeting, whichever comes first.
25 Jul 2026 · Business · The Hindu
French insurer BNP Paribas Cardif will acquire a 26% stake in IndiaFirst Life from private equity firm Warburg Pincus for an undisclosed sum, it announced on Friday, marking the PE firm's exit. After the deal, state-run Bank of Baroda will hold 65% of the life insurer, Union Bank of India 9%, and BNP Paribas Cardif the remaining 26%.
25 Jul 2026 · Business · The Hindu
Digital-payments major PhonePe's consolidated revenue from operations rose to ₹7,920 crore in FY26, an increase of ₹815 crore, or 11.47%, over the previous fiscal year, according to its regulatory filings with the Registrar of Companies. Walmart, through WM Digital Commerce Holdings, remains PhonePe's dominant shareholder with a 73.33% stake. It is among India's largest digital-payments firms by transaction volume.
25 Jul 2026 · Business · The Hindu
State-run ONGC on Saturday, July 25, began drilling its first deepwater exploratory well in the Mahanadi offshore basin, launching one of India's toughest deep and ultra-deepwater exploration campaigns. The well, MN-DW18-1-H-D, was spudded under the government's Samudra Manthan mission. ONGC said the effort aims to raise domestic oil and gas output, cut import reliance and bolster national energy security.
25 Jul 2026 · Business · The Hindu
IDFC First Bank reported a net profit of ₹1,075 crore for Q1 FY27, more than doubling from a year earlier, helped by strong business growth, improved asset quality and tighter cost management. Its net interest margin rose to 5.96% from 5.71% a year ago, a 25 basis-point gain. The lender said asset quality held up across retail, rural and SME books.
25 Jul 2026 · Business · The Hindu
India's banks and insurers will roll out a common customer-identification system in August, with mutual funds and brokerages joining later in 2026, sources told Reuters. Under Central Know-Your-Customer 2.0, institutions will fetch a customer's details from a Central Registry with only their consent, sparing people from resubmitting ID documents. The RBI, SEBI and the insurance regulator are jointly executing the project.
25 Jul 2026 · Business · The Hindu
The Competition Commission of India has closed a complaint against Eternal Ltd, Zomato's parent, finding no prima facie case of abuse of dominance in the food-delivery app's pricing. In its Thursday order, the regulator saw no violation over platform fees, delivery charges or the gap between restaurant menu prices and app-displayed prices, and rejected a consumer's plea to halt platform-fee collection.
25 Jul 2026 · Business · Hindustan Times
India will pay a 10% US tariff on most exports from Friday under Section 301, avoiding the steeper 12.5% rate proposed in June. India qualified for the lower bracket after a July 13 ban on imports made with forced labour. Sixteen other economies, including Bangladesh, Pakistan and the UK, join the 10% tier, while China and Vietnam face 12.5%, levied atop existing duties.
24 Jul 2026 · Business · News18
Coca-Cola has raised Diet Coke's price in India by over 10%, Reuters reported, as the Middle East conflict disrupts aluminium can supplies. With shipping through the Strait of Hormuz hit after a truce collapsed, the company is reportedly sourcing larger cans from Southeast Asia. The 300ml can (Rs 40) is replaced by a 330ml can at Rs 50, 13.6% costlier per millilitre.
24 Jul 2026 · Business · Livemint
American Express shares fell about 5.3% on Friday to $322.64, their steepest intraday drop in nearly five months, despite the card giant beating second-quarter estimates. It reported earnings of $4.53 per share against $4.08 a year earlier and revenue up 10% to $19.6 billion, and raised full-year revenue growth guidance to 10%. Investors instead focused on expenses climbing 12% to $14.5 billion.
24 Jul 2026 · Business · The Hindu
Bharat Petroleum Corporation Ltd, India's second-largest oil marketing company, will press ahead with its refinery capacity expansion despite the recent flare-up in West Asia, Finance Director Vetsa Ramakrishna Gupta told The Hindu on Thursday. He expects the tensions to prove temporary and noted global crude supply remains in surplus. BPCL also said it is confident of recouping losses from the volatility.
24 Jul 2026 · Business · Livemint
US stocks rose on Friday as oil prices retreated. By late morning the Dow was up 0.70% at 52,073, the S&P 500 gained 0.59% and the Nasdaq added 0.12%. Brent crude fell 2.8% to $97.89, slipping below $100 after Thursday's tanker-attack spike. A new round of US tariffs on 60 trading partners took effect, replacing an earlier temporary global duty.
24 Jul 2026 · Business · The Hindu
India and Israel concluded the second round of negotiations for a proposed free trade agreement, held in New Delhi from July 20 to 23, the Commerce Ministry said Friday. The talks covered goods and services, rules of origin, intellectual property, customs and technical barriers. Both sides called the discussions constructive and committed to an early, balanced and mutually beneficial pact.
24 Jul 2026 · Business · Livemint
Indian equities fell for a fifth session on Friday, with the Nifty 50 down 0.43% at 23,767 and the Sensex 0.43% lower at 76,408. Both indices lost over 2.5% for the week, their worst showing in four months, dragged by weak Infosys and IndiGo earnings and rising Middle East tensions. Go Digit, Motilal Oswal and Syrma SGS were among top losers.
24 Jul 2026 · Business · The Hindu
Intel on Thursday projected third-quarter revenue of $15.8 billion to $16.8 billion, topping analysts' $15.1 billion estimate, and lifted its two-year spending plans as an AI data-centre buildout revives demand for its processors. The chipmaker's shares, down 2.3% at Thursday's close, jumped over 8% after hours. Intel cited surging appetite for CPUs powering agentic AI systems that autonomously handle coding tasks.
21 Jul 2026 · Business · The Hindu
The Indian rupee weakened 6 paise to 96.42 against the US dollar in early trade on Tuesday, pressured by geopolitical uncertainty weighing on most Asian currencies. It opened at 96.41 in the interbank market before touching 96.42. Forex traders attributed the slide to climbing crude oil prices amid renewed tensions and stronger demand for the dollar as a safe-haven asset.
21 Jul 2026 · Business · Livemint
Gold and silver rose on India's MCX on Tuesday morning as easing crude oil prices, following the end of US airstrikes on Iran, lifted precious metals. Around 9:15am, MCX August gold gained 0.63% to ₹1,42,279 per 10 grams, while September silver climbed 1.11% to ₹2,20,825 per kilogram. Brent crude slipped below $90 a barrel amid diplomatic efforts to end the conflict.
Archive: 2026-07