July 07, 2025

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IMC EVENTS

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OTHER EVENTS

 

15
Aug

Gem City Ratnapura 2025 - International Gem and Jewellery Exhibition- 15th - 17th August 2025

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18
Sep

Industry Expo 2025, Colombo, Sri Lanka- 18th to 21st September 2025

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15
Oct

40th Trade Expo Indonesia Exhibition | Seminar | Business Matching | Trade Mission- 15th to 19th October 2025

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Notifications

 
CUSTOMS

2
Jul

Notification No. 44/2025 (Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962

2
Jul

Notification No. 45/2025 (Delhi)
S.O. (E). - In exercise of the powers conferred by sub-section (1) of section 4, read with section 3 and sub sections (1) and (1A) of section 5 of the Customs Act, 1962

INCOME TAX

5
Jul

Notification No. 70/2025 (Delhi)
S.O. 2954(E).— In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961

5
Jul

Notification No. 71/2025 (Delhi)
S.O. 2961(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

2
Jul

Circular No. 08/2025 (Delhi)
Clarification regarding CBDT's Circular No. 5/2025 dated 28.03.2025 for waiver on levy of interest under section 201(1A)(ii)/ 206C(7) of the Income-tax Act, 1961, as the case may be, in specific cases

RBI

5
Jul

RBI/2025-26/64 (Delhi)
Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025

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LIVE MARKET

NSE (NIFTY)

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BSE (SENSEX)

0

NASDAQ

0

FTSE 100

0

USD

0

EURO

0

GBP

0

GOLD

0

SILVER

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INDIAN ECONOMY

Inflation likely to align with RBI's projection in Q1: Bank of Baroda report

Inflation is expected to remain in line with the Reserve Bank of India's (RBI) projections in the first quarter (Q1) of Financial Year FY26, driven by a favourable statistical base and continued deflation in essential commodities, according to the latest report by Bank of Baroda. Taking the influencing fac...

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India, US trade deal may backfire on EU exports if India opens door to GM feed: GTRI

India risks losing its export competitiveness in the European market if it allows genetically modified (GM) animal feed imports from the United States under the upcoming trade deal, according to the Global Trade Research Initiative (GTRI). The economic think tank issued a cautionary statement on Saturday, hig...

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Inflation likely to align with RBI's projection in Q1: Bank of Baroda report

Inflation is expected to remain in line with the Reserve Bank of India's (RBI) projections in the first quarter (Q1) of Financial Year FY26, driven by a favourable statistical base and continued deflation in essential commodities, according to the latest report by Bank of Baroda. Taking the influencing fac...

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India to remain among fastest growing economies: Finance Minister

India is poised to remain one of the fastest-growing economies globally over the coming years, finance minister Nirmala Sitharaman said on Friday, reaffirming the country’s commitment to inclusive, sustainable and innovation-led development across the Global South. Speaking at the 10th annual meeting of th...

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India-US trade deal can boost exports by 64%, lift GDP by 0.6%: Report

A broad trade deal between India and the US could give a big boost to India’s exports and manufacturing capacity, helping the country’s economy grow steadily in the long run, according to a new Bloomberg Economics report. The US, currently India’s largest export destination accounting for 19.3% of outbound...

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India liquidity surplus may not push growth in bank credit up, JP Morgan economists say

Bank lending to the Indian economy may not see a meaningful boost despite the large liquidity surplus in the banking system, economists at J.P. Morgan said in a report on Friday. While surplus liquidity influences overnight borrowing costs, a recent analysis by the firm showed it does not impact credit or ...

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‘India never negotiates trade deals on deadlines’: Piyush Goyal tells US, says ‘national interest always supreme’

“India never negotiates trade deals on deadlines,” commerce and industry minister Piyush Goyal said on Friday in what’s seen to convey a stern message to Washington that strong-arm tactics won’t help in concluding the high-stakes bilateral trade deal between the two nations. “Trade agreements are possible ...

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MARKET & FINANCE

‘No remittance tax if you pay by…’: How NRIs can avoid new US levy

A recent tweet on X (formerly Twitter) sparked widespread discussion among Indian expatriates when a user highlighted a significant update on the US remittance tax: “There will be no remittance tax if you pay by ACH transfer or debit card which most Indians use.” This succinct message captured the attention o...

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India's forex reserves up $4.8 billion to $702.78 billion as of June 27

India's forex reserves increased $4.8 billion to $702.78 billion for the week ending June 27, data by the Reserve Bank of India showed on Friday. The country’s foreign exchange reserves stood at $697.93 billion as of June 20, down by $1.02 billion from the previous week. The forex reserves had touched a...

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GLOBAL CORPORATE

Chinese Sales of Foreign Phone Makers, Including Apple, Drop 9.7% in May

Sales of foreign-branded mobile phones in China, including those of Apple Inc, fell 9.7% year-on-year in May, according to data released by a government-affiliated research company on Friday. Calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed t...

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Microsoft, Ford, Meta and others laid off over 70% critical teams in last two years, claims US influencer

With relentless waves of layoffs and soaring job cut figures, the reshaping of the corporate landscape has reached critical departments across major global firms. Recent market data has revealed job reductions exceeding 70% across various roles at companies such as Intel, Microsoft, Ford, and Meta. A post ...

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Saudi Aramco considers power assets sale to raise billions, sources say

Saudi oil giant Aramco is looking to sell up to five gas-fired power plants, three sources with knowledge of the matter told Reuters, part of a broader effort to free up funds that could generate tens of billions of dollars. The potential sale of four or five gas-fired plants that power refineries could al...

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INCOME TAX

Income Tax Filing: IT Dept launches ‘TAXASSIST’ to help with queries and notices | Here is how it works

Months ahead of the 15 September 2025 deadline for filing income tax returns for FY 2024–25, the Income Tax Department has launched a support service called ‘TAXASSIST’ to help taxpayers with queries and notices during the current filing season. As part of this campaign, the Income Tax Department sends mes...

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Made a political donation? Income Tax Dept launches Tax Assist to help you respond to an income tax notice

Many taxpayers who have claimed deductions under Section 80GGC of the Income Tax Act, 1961, have received income tax notices. The Income Tax Department has enabled a new facility on its portal, allowing taxpayers who have received notices under Section 158BC of the Income Tax Act, 1961 on how to respond to su...

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Banking

Yes Bank Q1 setback: Deposits, loans slide despite strong liquidity—What’s the big worry?

Yes Bank released its quarterly business report on Thursday. As per the provisional report, the bank suffered a decline in both deposits and advances in the quarter. Yes Bank posted a 3 per cent quarter-on-quarter decline in its deposits in the first quarter of the financial year 2025-26. In the same peri...

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Urban gas consumers to benefit from lower pipeline tariffs, CGD stocks rise

The Petroleum and Natural Gas Regulatory Board (PNGRB) on Friday simplified the pipeline tariff structure, a move which will reduce transportation costs of city gas distribution (CGD) companies, and potentially improve their margins. Following the development, the prices of Indraprastha Gas (IGL) and Mahan...

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GLOBAL ECONOMY

Trade Report
Country Month Link
Switzerland July 2019 Click
German Industrial Orders Drop Much More Than Expected in May

German industrial orders fell much more than expected in May, ending a recent pickup and hit by a slump in demand from within the euro zone, data showed on Friday. Orders declined by 1.4% on the previous month on a seasonally ...

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South Korea Parliament Approves 31.8 Trillion Won Extra Budget to Bolster Economy

South Korea's parliament approved a supplementary budget on Friday of 31.8 trillion won ($23.3 billion), supporting President Lee Jae Myung's push to bolster an economy grappling with trade headwinds and tepid consumption. The ...

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Bank of Italy Selects 4 Systemic Risk Countries for Lenders, Including Russia

The Bank of Italy said on Friday it had selected the United States, Great Britain, Switzerland and Russia as countries outside the European Union that its banks have significant exposure to, under rules designed to govern systemic...

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Regional Powers Agree Economic Integration Strategy at Karabakh Summit

A summit of seven west and central Asian leaders agreed on Friday to liberalise trade, attract more foreign investment and build cooperation in green energy to strengthen regional economic integration. The Economic Cooperation ...

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Brazil Posts Lower-Than-Expected Trade Surplus in June

Brazil's trade surplus in June missed analysts' expectations, government data showed on Friday, as imports kept their recent growth path and the government cut its own yearly surplus outlook. Latin America's largest economy's m...

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Vietnam Q2 GDP Growth Quickens on Strong Exports, US Trade Deal Brightens Outlook

Vietnam's economy grew at a faster pace in the second quarter of this year led by strong exports, in an encouraging sign just days after U.S. President Donald Trump said he would place lower-than-threatened 20% tariffs on many Vie...

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Pakistan, US conclude critical round of trade negotiations

Pakistan and the US have concluded a critical round of trade negotiations, reaching an understanding on a deal that could shape the future of the country's key export sectors, a media report said on Saturday. While both sides h...

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Azerbaijan signs USD 2 billion investment agreement with Pakistan

Pakistan and Azerbaijan have signed an agreement for investment worth USD 2 billion in diverse sectors of Pakistan's economy. The deal was signed on Friday after a bilateral meeting between Prime Minister Shehbaz Sharif and Pre...

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China has paid a high price for its dominance in rare earths

Chinese mines and refineries produce most of the world's rare earth metals and practically all of a few crucial kinds of rare earths. This has given China's government near complete control over a critical choke point in global tr...

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ICE, ICE Baby: Trump’s immigration budget under One Big Beautiful Bill Act may cost $1tn, 6mn jobs

US President Donald Trump signed the “One Big Beautiful Bill Act” into law on Friday during Fourth of July celebrations, enacting deep tax cuts and major shifts in federal spending. A key feature of the legislation is a sharp incr...

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Trump signs 'take it or leave it' tariff letters for 12 countries, going out Monday

US President Donald Trump on Friday said he has signed a set of letters outlining proposed tariff levels on exports from 12 countries, with the missives set to be sent out on Monday. The offers, he said, would be non-negotiable — ...

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Why China isn't lecturing Trump about his costly bill

As one of the largest holders of U.S. debt for the past two decades, China has not shied away from lecturing the United States about its financial behavior. Like a parent scolding a child for racking up credit card bills, China...

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INDIAN CORPORATE

AI infra, new energy to drive $50 billion market value rise for Reliance

Reliance Industries Ltd's investments in new energy and artificial intelligence (AI) infrastructure are set to drive a projected $50 billion increase in the firm's market value, according to Morgan Stanley analysts. The oil-to-...

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Tata Power transitioning to become 'force' in hybrid RE market: Chairman N Chandrasekaran

Tata Power is transitioning from a pure-play solar and wind company to become a force in the hybrid renewable energy market and is also ready to take part in nuclear power development in future, Chairman N Chandrasekaran said on F...

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Renault in talks with JSW for India partnership as Nissan ties unwind: Report

French carmaker Renault SA is in early talks with JSW Group for a potential joint venture in India, Bloomberg reported, quoting people familiar with the matter, as the French carmaker looks to strengthen its position in one of the...

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