DDIndia Business: Economic Headlines & Updates

Business

July 14, 2026 4:34 PM

India’s net direct tax collections rise 16.4% YoY to Rs 6.51 lakh crore as of July 13

India's net direct tax collections rose 16.4 per cent year-on-year to Rs 6.51 lakh crore as on July 13, 2026, reflecting healthy growth in both corporate and non-corporate tax receipts despite a rise in refunds, according to the latest data released ...

July 14, 2026 4:33 PM

India gets first monthly Services Production Index; 14 sub-sectors post double-digit growth

In a major step towards strengthening India's macroeconomic indicators, the Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday released the country's first trial Index of Services Production (ISP) for 19 sub-sectors, providing, fo...

July 14, 2026 3:04 PM

Wholesale inflation edges up to 9.87% in June; food, fuel remain key drivers

India's wholesale price inflation (WPI) rose to 9.87 per cent in June from 9.68 per cent in May, mainly due to higher prices of mineral oils, food articles, basic metals and chemicals, according to provisional data released by the Ministry of Commerc...

July 14, 2026 2:13 PM

Odisha govt announces Rs 74.78 cr welfare package for kendu leaf workers

Odisha Chief Minister Mohan Charan Majhi announced a welfare package worth Rs 74.78 crore for lakhs of people associated with the kendu leaf sector, including pluckers, binders and seasonal staff. According to a statement by the Chief Minister's Off...

July 14, 2026 1:00 PM

Piyush Goyal Begins Spain Visit to Deepen Economic Partnership

Union Commerce and Industry Minister Piyush Goyal began the Spain leg of his official visit on July 13 with a series of high-level meetings to strengthen India–Spain economic ties. The visit coincides with 70 years of diplomatic relations and the I...

July 13, 2026 5:05 PM

Iran widens attacks on US bases in Gulf, Hormuz tensions lift oil prices

U.S. and Iranian forces exchanged heavy missile and drone attacks over the weekend and into Monday, with Tehran saying it had struck U.S. military facilities across the Gulf and kept the Strait of Hormuz closed, driving oil prices higher. Iran's Rev...

July 13, 2026 5:17 PM

India’s merchandise exports rise nearly 16% in Q1 of FY27

India's total exports, comprising merchandise and services, registered a robust growth of 11.37 per cent during the first quarter of the current financial year, reaching an estimated USD 232.73 billion in April-June 2026-27, compared with USD 208.98 ...

July 13, 2026 4:46 PM

Markets recover from early losses, end slightly higher on IT strength

Indian benchmark indices recovered from early losses and ended marginally higher on Monday. The Sensex closed at 77,616.40, up 47.01 points or 0.06 per cent, while the Nifty settled at 24,211, gaining 4.10 points or 0.02 per cent. The benchmark indi...

July 13, 2026 4:44 PM

Retail inflation rises to 4.38% in June; food inflation at 5.32%

India's retail inflation, measured by the Consumer Price Index (CPI), rose to 4.38 per cent in June 2026 from 3.93 per cent in May, driven largely by higher food prices, according to provisional data released by the Ministry of Statistics and Program...

July 13, 2026 4:06 PM

Piyush Goyal dismisses reports of deadlock in India-US trade talks, says negotiations progressing well

Commerce and Industry Minister Piyush Goyal on Monday dismissed reports of a deadlock in the proposed India-US bilateral trade agreement (BTA), calling them "completely false, baseless and misleading," while asserting that negotiations between the tw...