Sign in   
16-July-2026
   Personalised for *|FNAME|*
Forward to a Friend   |  
 Indian Economy
 
India identifies $51 billion in critical imports for domestic manufacturing push
India is seeking to push domestic manufacturing across a pool of items currently worth $51 billion in imports, three government sources said, as Prime Minister Narendra Modi seeks to reduce the country's reliance on overseas suppliers....

NITI Aayog roadmap targets USD 691 bn bioeconomy by 2035; Jitendra Singh says India ready to lead biotech revolution
India's bioeconomy can expand to USD 691 billion by 2035, create over 30 million high-value jobs and position the country among the world's top three biotechnology powers, according to a roadmap unveiled by NITI Aayog on Thursday, as Union Minister Dr Jitendra Singh said India is ready to take a lea...

Global growth set to slow to 2.5% and India 'will lose a step too': Moody's Analytics
Global economic growth is expected to slow to 2.5% in 2026 before edging up to 2.8% in 2027, with India also set to "lose a step" amid a broader moderation in activity, according to a Moody's Analytics report released on Tuesday....

PM Modi pushes to cut imports to shield India from shocks
Indian Prime Minister Narendra Modi is taking steps to reduce key imports into the economy in order to protect supply chains and ease pressure on the currency as geopolitical risks escalate. ...

UP gets big employment boost: 16 new industrial zones announced in first phase
The Uttar Pradesh government on Wednesday (July 15) finalised plans to roll out 16 Sardar Vallabhbhai Patel Employment and Industrial Zones (SVPEIZ) in the first phase of a wide-ranging initiative to integrate skill development, employment generation, industry and entrepreneurship on a single platfo...

Inflation is back above 4% – Will the RBI hike rates?
ndia’s June inflation print has done exactly what headline numbers tend to do – it has grabbed attention. Retail inflation accelerated to 4.38%, moving above the Reserve Bank of India’s 4% target after remaining comfortably below it in recent months. Predictably, the immediate question across fin...

India–UK trade deal: How businesses stand to gain
The India-UK Comprehensive Economic and Trade Agreement (CETA) has officially come into force. Agneshwar Sen examines the deal’s market access gains, compliance requirements, services and investment dimensions, and strategic implications for India’s trade negotiations with other countries...

India’s unemployment rate stays steady at 5.5% in June
India’s unemployment rate for people aged 15 years and above remained unchanged at 5.5% in June despite a jump in joblessness among the youth, data released by the Ministry of Statistics and Programme Implementation on Wednesday showed....

US’ 100% tariff threat tests India’s Russian crude strategy
India’s Russian crude strategy faces a fresh challenge, with US senators proposing tariffs of up to 100% on major buyers of Moscow’s oil at a time when Russian supplies have surged to 2.6 million barrels per day, accounting for more than half of India’s crude imports....

Net FDI flows turn negative in May; capital account in deficit
Net foreign direct investment (FDI) inflows turned negative again in May, after being in the positive territory for four straight months. Net FDI outflows in May were $0.1 billion, against net inflows of $0.9 billion a year ago, data released by the Reserve Bank of India (RBI) said on Wednesday....

 
 Global Economy
 
China's economy stumbles with growth below target: Report
China's economy slowed more than expected last quarter to the weakest in more than three years, raising pressure on policymakers to speed up public spending to ensure their annual growth goal is met. ...

Fed's Cook Says She Is Prepared to Act Soon if Inflation Does Not Begin to Slow
U.S. Federal Reserve Governor Lisa Cook said on Wednesday she is "prepared to act" if inflation does not soon begin to slow, though she is willing to wait "a bit more time" for that to happen....

Brazil Government Now Expects 2026 Inflation to Be Above Central Bank's Target
Brazil's government raised its inflation forecast for this year to 5.1% on Wednesday from 4.5% projected in May, putting consumer prices above the central bank's target of 3%, with a tolerance band of 1.5 percentage points in either direction....

Economic Activity Rising and Inflation Easing Slightly, Fed Survey Shows
Federal Reserve policymakers preparing for their next policy meeting in two weeks got a fresh snapshot on Wednesday of a broadly improving economy, with employment on the rise but not straining wage bills, and inflation easing slightly but still delivering an unwelcome sting....

New UK PM Faces $440 Billion Fiscal Problem, Think Tank Says
Britain's public finances are losing around £330 billion ($442 billion) a year due to weak economic growth, population ageing and ill health, according to estimates from a think tank that show the scale of the challenge facing the next prime minister....

UK Economy Claws Back Some Growth as Burnham Prepares to Take Power
Britain's economy eked out minimal growth in May as the services industry expanded but other sectors shrank, suggesting fragile confidence among businesses against the backdrop of the Iran war and a change of prime minister at home....

Russia's 2026 Budget Deficit May Exceed Plans by $12.85 Billion Due to Higher Spending
Russia's federal budget spending and deficit could exceed official plans by more than 1 trillion roubles ($12.85 billion) in 2026, according to the data from the government's budget portal....

Euro Zone Yields Rise, Gap Between German and US Borrowing Costs Smallest in a Month
he gap between German and U.S. 10-year borrowing costs sat near its narrowest in a month on Thursday as the escalation of fighting in the Gulf sent euro zone yields higher, while cooler inflation data has kept U.S. Treasury yields in check. Germany's 10-year bond yield, the benchmark for the eur...

Strait of Hormuz closure must end within weeks or global economy will suffer, IEA chief warns
The global economy could face fresh headwinds if the disruption in the Strait of Hormuz continues for more than a few weeks, International Energy Agency (IEA) Executive Director Fatih Birol has warned, as attacks in the region threaten one of the world's most critical energy shipping routes....

Are AI investments fuelling inflation? Fed Chair Kevin Warsh flags risk in testimony to congress
Do investments in AI contribute to inflation? The answer is increasingly in the affirmative, according to Federal Reserve Chair Kevin Warsh. In his testimony before the House Finance Committee on Tuesday, Warsh identified the AI investment boom as a new and significant source of price pressure, citi...

Explained: Why US wholesale prices posts biggest drop since April 2025
The producer price index (PPI), which measures prices received by producers before they reach consumers, fell 0.3% in June from the previous month, the Bureau of Labor Statistics said Wednesday. Economists surveyed by Dow Jones had expected prices to remain unchanged....

 
 Market & Finance
 
India bonds extend recovery tracking rise in U.S. Treasuries
ndian government bonds rose early on Thursday for a second straight session, tracking overnight gains in U.S. Treasuries after softer U.S. data eased concerns about an imminent Federal Reserve rate hike. The benchmark 6.94% 2036 bond yield fell 3 basis points to 6.7436% by 11:10 a.m. IST, extendi...

Private Equity deal cycles lengthen as investors turn cautious
Private equity deals in India are taking significantly longer to close, with transaction timelines stretching from the earlier three-four months to as long as six-nine months. Geopolitical uncertainty, supply-chain disruptions and the emergence of new investment themes such as the AI value chain, de...

 
 
 
 
 RBI
 
RBI mulls strict data governance norms for banks, NBFCs
The Reserve Bank of India (RBI) on Wednesday proposed that banks, NBFCs and other regulated entities (REs) should put in place processes to manage data risk as part of the overall risk management framework. “The guidance sets out broad regulatory expectations relating to data governance, roles, a...

 
 SEBI
 
Sebi notifies code of conduct for board members
Capital market regulator Sebi has notified the code of conduct for its board members. It was adopted voluntarily by the regulator at its June 19, 2026 meeting to ensure that members of the board conduct in a manner that does not compromise the ability of the board to accomplish its mandate and a...

 
 
Notice
Tax Insights
from India Tax & Regulatory Services
IMC  Chamber of  Commerce and  Industry Events
 Live Market
Source - Yahoo India Finance @ 10:07
NSE (NIFTY)  
BSE (SENSEX)  
NASDAQ  
FTSE 100  
     
   
USD  
EURO  
GBP  
     
GOLD (10 GRMS)  
SILVER (1 KG)  
CRUDE (1 BBL)  
     
 
 Indian Corporate
 
Vedanta charts $5 billion oil & gas push, targets sharp capacity expansion across businesses
Oil-to-metals conglomerate Vedanta on Tuesday unveiled an ambitious expansion roadmap across its metals, mining and energy businesses, outlining plans to sharply increase production capacities over the coming years while committing a $5 billion investment in its oil and gas business. ...

TCS launches NVIDIA-powered AI solutions lab in Bengaluru
Tata Consultancy Services (TCS) has launched the TCS Autonomous Engineering Lab Powered by NVIDIA at its Global Axis campus in Bengaluru. TCS in its regulatory filing said, “The new facility will serve as a physical AI hub to accelerate the development and real-world deployment of AI-led solution...

ACME Solar secures Rs 2,646 crore funding from REC for 450 MW peak power project
ACME Solar Holdings has secured long-term project funding of Rs 2,646.64 crore from REC for its 450 MW/1,800 MWh Assured Peak Power Project being developed through its subsidiary, ACME Greentech Seventh. The company said it will use the funds to develop and construct the renewable energy project....

TCS launches AI-powered Gemini Experience Center in Kolkata
Tata Consultancy Services (TCS) has launched a new Consumer Business Group (CBG) Gemini Experience Center (GEC) in Kolkata to help consumer-facing businesses build and deploy artificial intelligence (AI) solutions using Google Cloud and Google’s Gemini models....

RIL may improve profitability, sequential rebound in Q1
Reliance Industries (RIL) is expected to improve its profitability and see a strong sequential rebound in Q1FY27 after a weak performance on the profit front in Q4FY26. Brokerages expect strong growth in the oil-to-chemicals (O2C) segment led by expansion in petchem spreads and benefit from SEZ r...

How TCS is taking on OpenAI and Anthropic in enterprise development space
When Tata Consultancy Services (TCS) said it would build a dedicated cadre of upto 8,900 forward-deployed engineers (FDEs), it appeared to be another hiring move driven by the AI boom. In reality, it signals something much bigger. India’s largest IT services company is positioning itself to compete ...

 
 Global Corporate
 
Concerns Grow About Tariffs in US Sanctions Bill on Russia
Potential tariffs in a U.S. bill imposing sanctions on Russia drew concern from Democratic lawmakers on Wednesday who said it could give President Donald Trump new powers to impose trade measures on India, Japan and some countries in the EU. Republican and Democratic senators on Tuesday released...

TSMC to Invest Another $100 Billion in US as Q2 Profit Blows Past Forecasts
TSMC, the world's main producer of advanced AI chips and a major supplier to Nvidia, pledged on Thursday to invest a further $100 billion in the U.S. state of Arizona and said AI-driven demand will remain strong up to 2030. Reinforcing its bullish viewpoint on demand, Taiwan Semiconductor Manufac...

China's Rare Earth Curbs Endanger $6.5 Trillion of Western Industry, IEA Says
The full implementation of China's rare earth export restrictions could put $6.5 trillion of downstream production outside the country at risk, the International Energy Agency warned on Thursday. China, the world's largest producer of rare earths, expanded export controls in October last year to ...

Uber Launches $14.8 Billion Offer for Delivery Hero to Create Global Platform
Uber on Thursday launched a public takeover offer for Delivery Hero that values the German food delivery company at $14.8 billion and would create the world's largest food-delivery firm outside China. The acquisition advances the U.S. ride-hailing firm's efforts to build a global presence in the ...

Asian refiners may be the surprise winners of fresh fuels crunch
Asian oil refiners are well placed to ship petroleum products to buyers in other regions, as renewed conflict in the Middle East and a ban on Russian diesel exports crimps supplies....

US says Brazil's tariff concessions favour India, Mexico in 301 probe
The United States Trade Representative (USTR), while announcing a 25 per cent tariff on certain Brazilian imports under a Section 301 investigation, cited Brazil's preferential tariff arrangements with India and Mexico as one of the practices disadvantaging American exporters....

China's oil fortress will reshape the global order
China caught the oil industry by surprise during the Iran war, pulling powerful levers to shield itself from the biggest energy shock in decades. In the process, it established itself as a new force in global energy markets - an independent, opaque, massive power. The measures China used to offset t...

Apple Intelligence gets regulatory nod in China: What does this mean for iPhone users?
Apple has moved a step closer to launching its Apple Intelligence features in China after the country’s cyberspace regulator approved the on-device generative artificial intelligence service for use on iPhones. The approval clears an important regulatory hurdle and paves the way for the long-awaited...

 

IMC Chamber of Commerce and Industry has sent this e-mail to you because your subscription preferences indicate that you want to receive latest news alerts on this email ID. For suggestions and feedback news alerts on this email ID. For suggestions and feedback click here .



Head Office : IMC Bldg., IMC Marg, Churchgate, Mumbai - 400 020 India  |   Tel : 91-22-71226633  |   Fax : 91-22-22048508 / 22838281
E-Mail : imc@imcnet.org  |   Website :www.imcnet.org