Economy
Oil prices surge 6% as Israel-Iran conflict rattles global markets
Brent crude jumps over 6 per cent while Sensex and Nifty decline as Israel targets Iranian nuclear sites and Tehran retaliates, fuelling inflation and geopolitical risks
 "Oil prices surge 6% as Israel-Iran conflict rattles global markets")
Proposed India-China trade talks to cover rare earth supply concerns
India and China agree to hold functional dialogues on trade, rare earth supply, direct flights and visa facilitation during Vice Foreign Minister Sun's visit to Delhi
 "Proposed India-China trade talks to cover rare earth supply concerns")
No immediate impact of Iran-Israel clashes on India's crude supply
Officials say India's crude and LNG imports remain steady but warn that any hostilities affecting the Strait of Hormuz could threaten oil flows from Gulf partners
 "No immediate impact of Iran-Israel clashes on India's crude supply")
Stress in personal loans to alter asset quality trajectory: CareEdge
CareEdge expects a marginal rise in credit costs and gross NPAs in FY26 due to stress in unsecured personal loans and microfinance, though provisioning remains robust
 "Stress in personal loans to alter asset quality trajectory: CareEdge")
RBI rejects bids for 30-year green bonds as investors seek high yields
Investors demanded higher returns for 30-year green bonds, prompting RBI to reject all bids at auction; bond yields rise amid absence of greenium and market caution
 "RBI rejects bids for 30-year green bonds as investors seek high yields")
Basmati rice exports to Iran at risk if Israel conflict persists: Traders
Iran is one of the top buyers of Indian basmati rice; traders warn exports may take a hit if the Israel conflict continues and diplomatic tensions escalate
 "Basmati rice exports to Iran at risk if Israel conflict persists: Traders")
India's forex reserves rise by $5.17 billion to $696.65 billion: RBI
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves
 "India's forex reserves rise by $5.17 billion to $696.65 billion: RBI")
India moves to conserve rare earths, seeks halt to exports to Japan
In a recent meeting with auto and other industry executives, Indian Commerce Minister Piyush Goyal asked IREL to stop its exports of rare earths
 "India moves to conserve rare earths, seeks halt to exports to Japan")
RBI skips 14-day main liquidity operation for third fortnight in a row
RBI holds back 14-day operation for third fortnight, despite ₹3-3.5 tn tax outflows expected, citing adequate liquidity and short-term rate stability
Electric two-wheeler firms begin test rides for light rare earth magnets
To use these on their existing models
 "Electric two-wheeler firms begin test rides for light rare earth magnets")
India's retail inflation hit 75-month low in May as veg prices dipped
CPI reading reported at 2.82%, lowest since February 2019
 "India's retail inflation hit 75-month low in May as veg prices dipped")
India drops to 131st spot in WEF Gender Gap index, down from 129 in 2024
The Indian economy's overall performance improved in absolute terms by +0.3 points
 "India drops to 131st spot in WEF Gender Gap index, down from 129 in 2024")
India Inc's ECB filings fell to $2.9 billion in April, shows RBI data
External commercial borrowings eased to $2.91 billion in April from $11.04 billion in March, with Shriram Finance and SMFG India among major ECB filers
 "India Inc's ECB filings fell to $2.9 billion in April, shows RBI data")
Inventories of rare earth magnets may run dry by mid-July, says Icra
ICRA warns that rare-earth magnet inventories for EV motors may run dry by mid-July as China tightens export rules, leaving Indian auto makers facing serious supply disruption
 "Inventories of rare earth magnets may run dry by mid-July, says Icra")
RBI allows STRIPS trading for state government bonds to boost liquidity
STRIPS allow dealers to sell principal and interest payments independently, enhancing liquidity in the state government securities market by enabling distinct trading of these components
RBI skips 14-day main liquidity operation for third straight fortnight
Market participants had expected the RBI to conduct a 14-day variable rate repo auction on Friday on account of the upcoming tax outflows which are seen sucking out rupee funds from the banking system
 "RBI skips 14-day main liquidity operation for third straight fortnight")
Datanomics: India's heatwave crisis at boiling point; economic risks mount
The economic toll is rising too. India could see 34 million of the projected 80 million global job losses from heat stress by 2030
 "Datanomics: India's heatwave crisis at boiling point; economic risks mount")
India's retail inflation dips to over 6-year low of 2.82% in May: Govt data
Cereal prices rose by 4.77% in May 2025, a slight moderation from April's 5.35% rise. Prices of pulses dropped 8.22%, following a 5.23% decline in April
 "India's retail inflation dips to over 6-year low of 2.82% in May: Govt data")
India-EU FTA nears completion, says Goyal; focus now on non-tariff barriers
Piyush Goyal's remarks come just days after he claimed that the FTA between India and the four-nation European bloc will bring stability, predictability, and continuity to businesses in the regions
 "India-EU FTA nears completion, says Goyal; focus now on non-tariff barriers")
At ₹11 trn, India Inc capex pips govt capex in FY25; will the trend last?
India Inc capex: While Reliance Industries saw a flattish capex growth in FY25, it cornered the biggest share in the capex pie in absolute terms
 "At ₹11 trn, India Inc capex pips govt capex in FY25; will the trend last?")
