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Economy

July 2, 2026 10:37 AM

US declines to extend North American trade deal, starting clock to end it while seeking changes

The Trump administration on Wednesday declined to extend the U.S.-Mexico-Canada Agreement, starting a decade-long clock to wind down the trade deal as it seeks changes to try to reshore manufacturing jobs and reduce U.S. trade deficits with its North...

July 2, 2026 10:26 AM

Odisha Cabinet approves deep-sea fishing mission to boost blue economy

The Odisha Cabinet gave its nod to the implementation of the Odisha Deep Sea Fishing Mission (2026–2036), a proposal put forward by the state Fisheries & Animal Resources Development (F&ARD) Department. According to an official statement, ...

July 2, 2026 10:08 AM

Sensex, Nifty trade higher as falling crude, strong auto sales lift sentiment

Indian equities traded higher in the morning session on Thursday, supported by easing crude oil prices, strong auto sales data and optimism over first-quarter earnings. Sensex surged as much as 0.38 per cent or about 300 points to hit an intraday hi...

July 1, 2026 8:15 PM

RBI names Ravi Shankar as Executive Director with effect from July 1

The Reserve Bank of India (RBI) on Wednesday appointed Ravi Shankar as its new Executive Director (ED), with effect from July 1. Prior to his elevation, Shankar served as Adviser-In-Charge of the Department of Statistics and Information Management (...

July 1, 2026 4:14 PM

Sensex, Nifty end higher as FMCG, banking and realty stocks lift benchmark indices

Indian equity benchmark indices ended higher on Wednesday, supported by strong buying in FMCG, banking, financial and realty stocks. The Nifty climbed 140.10 points, or 0.59 per cent, to close at 24,005.85, while the Sensex advanced 443.97 points, o...

July 1, 2026 3:21 PM

Govt grants Miniratna status to MECON Limited

The Ministry of Steel has approved the granting of Miniratna Category-I status to engineering major MECON Limited, as the Central Public Sector Enterprise (PSE) has achieved the required financial milestones which include generating continuous profit...

July 1, 2026 2:50 PM

India’s gross GST collections surge 13.9% YoY to Rs 1.94 lakh crore in June 2026

India's gross Goods and Services Tax (GST) collections climbed to Rs 1,94,812 crore in June 2026, marking a 13.9 per cent year-on-year increase from Rs 1,71,105 crore in June 2025. According to provisional data released by the Finance Ministry, the g...

July 1, 2026 12:20 PM

UPI clocks 23 per cent growth in June, transactions hit 22.72 billion

The Unified Payments Interface (UPI) transaction volumes rose 23 per cent (year-on-year) to 22.72 billion in June, while UPI transaction value surged 20 per cent to Rs 28.92 lakh crore last month, according to data released by the National Payments C...

July 1, 2026 11:51 AM

OMCs slash ATF prices by nearly Rs 5 per litre amid softer crude oil

State-owned oil marketing companies (OMCs) have reduced aviation turbine fuel (ATF) prices by nearly Rs 5 per litre, effective from Wednesday, following a decline in international crude oil prices after easing geopolitical tensions in West Asia. Acc...

July 1, 2026 11:26 AM

OMCs cut commercial LPG cylinder prices after months of hikes; Delhi rate falls to Rs 2,930

State-owned oil marketing companies (OMCs) on Wednesday reduced the prices of 19-kg commercial LPG cylinders by up to Rs 183.50 across major cities, rolling back part of the increases seen in recent months amid higher global energy prices linked to t...

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