States Prepare Lawsuit to Block Paramounts Merger With Warner Bros.
GLOBAL NEWS | Mon, 13 Jul 2026, 1:35AM IST
State attorneys general are said to be getting ready to file a lawsuit as soon as this week to halt the $111 billion deal, a potential major obstacle.
Continue reading at The New York Times
1h
The ATM story: Banks move to cash recyclers from just dispensers
INDIA BUSINESS | Mon, 13 Jul 2026, 12:45AM IST
More than 15,000 ATM units are expected to come up for request for proposals (RFPs) for cash recyclers, with nearly 77% of these belonging to PSBs, according to industry executives. Punjab National Bank, Union Bank of India and Bank of India are among the lenders expected to issue recycler RFPs.
Continue reading at Economic Times
2h
What's inside the India-UK CETA; check here
INDIA NEWS | Mon, 13 Jul 2026, 12:30AM IST
The India-UK Comprehensive Economic and Trade Agreement, which comes into force on July 15, almost a year after it was signed, will give immense opportunity to Indian exports to garner higher market share.Kirtika Suneja takes a look at the bilateral trade landscape, gains and the hurdles overcome to achieve the historic deal:Bilateral goods trade between India and the UK has steadily expanded over the past five years. India's exports rose from $10.4 billion in FY22 to $13.4 billion in FY26, while imports increased from $7.1 billion to $11.7 billion during the same period.132351512The FTA resolves key trade barriers by excluding India's steel exports from the UK's proposed safeguard measures and addressing concerns around the UK's Carbon Border Adjustment Mechanism (CBAM). Around 85% of India's steel exports remain outside these measures, with iron and steel exports to the UK valued at $893 million in FY26.Also read: Want a Rolls-Royce or Land Rover? Premium cars to go cheaper by Rs 1-3 crore thanks to UK FTA132351460The agreement removes tariffs on a wide range of Indian exports to the UK. Sectors benefiting from duty-free access include marine products (20%), transport and auto components (18%), leather and footwear (16%), electrical machinery (14%), textiles and clothing (12%), chemicals (8%) and gems and jewellery (4%). Tariff concessions do not apply to dairy products, apples, edible oil or oats.132351469Tariff-free entry of British goodsUnder the trade agreement, India will eliminate or significantly reduce tariffs on several British products. Key beneficiaries include chocolate (30%), soft drinks and non-alcoholic beer (30%), gingerbread and sweet biscuits (30%), auto parts, machinery and tools (15%), soap and shaving cream (10%), and medical technology devices (7.5%).132351478The FTA presents an opportunity for India to expand its exports to the UK across multiple sectors. India currently holds the highest market share in footwear and parts (10.2%), made-ups (10.2%), textiles (7.8%), leather products (7.3%) and garments (6.1%), with scope to increase exports in processed foods, machinery, electronics and agricultural products.132351522The India-UK Free Trade Agreement allows British companies to bid for non-sensitive Indian government procurement contracts. It also reduces import duties on British cars, electric vehicles and whisky, while India will gradually lower tariffs on select UK products over a 10-year period.132351546
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2h
How India, Australia clinched Uranium deal
INDIA BUSINESS | Mon, 13 Jul 2026, 12:29AM IST
India and Australia have finalized a uranium supply agreement. This deal allows Canberra to supply uranium for India's nuclear power plants. Australia overcame earlier reservations about India's civilian nuclear program. Both nations agreed on a formula satisfying IAEA safeguards requirements. This operationalises the 2014 Civil Nuclear Agreement between the two countries.
Continue reading at Economic Times
2h
Pharma body renews push for data protection
INDIA BUSINESS | Mon, 13 Jul 2026, 12:23AM IST
Leading pharmaceutical companies seek Regulatory Data Protection to boost research investments. Public health groups and local makers oppose this, fearing extended monopolies and delayed generics. The Organization of Pharmaceutical Producers of India argues it benefits indigenous drug makers too. China has already implemented similar clauses, seeing significant research deal growth. India's regulatory alignment with global practices could attract discovery research investments.
Continue reading at Economic Times
2h
SAIL, Indonesia's Krakatau Steel explore 1 million tonnes stainless steel project
INDIA BUSINESS | Mon, 13 Jul 2026, 12:22AM IST
Earlier this week, the state-run steelmaker and the Indonesian company signed a memorandum of understanding to explore setting up a joint venture to manufacture stainless steel slabs to meet rising demand in India.
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2h
RBI seeks banks views on introducing eduation savings plan with better returns
INDIA BUSINESS | Mon, 13 Jul 2026, 12:09AM IST
The Reserve Bank of India is exploring a new savings product for education. Banks are discussing this proposal and will submit their recommendations soon. Rising education costs necessitate such dedicated financial planning tools. This initiative aims to help families build a corpus for school expenses. The proposed product may require new regulatory dispensations from the RBI.
Continue reading at Economic Times
2h
RBI seeks banks views on introducing education savings plan with better returns
INDIA BUSINESS | Mon, 13 Jul 2026, 12:09AM IST
The Reserve Bank of India is exploring a new savings product for education. Banks are discussing this proposal and will submit their recommendations soon. Rising education costs necessitate such dedicated financial planning tools. This initiative aims to help families build a corpus for school expenses. The proposed product may require new regulatory dispensations from the RBI.
Continue reading at Economic Times
2h
RBI tightens scrutiny of India Inc's overseas bets
INDIA NEWS | Mon, 13 Jul 2026, 12:03AM IST
Mumbai: Corporates will have to spell out the anti-money laundering and due diligence measures undertaken on overseas business partners and co-investors in foreign joint ventures and subsidiaries, and describe the processes followed in carrying out these checks.Such information, rarely, if ever, sought earlier, will be gathered by banks from corporate clients with overseas direct investments (ODIs) and shared with the Reserve Bank of India (RBI).Amid concerns that some overseas investments may not flow into bona fide businesses, questions on credential and know-your-customer (KYC) checks of foreign partners feature in a long list of probing queries from the regulator.132351222Besides key financial data since 2021-22, corporates have been asked to disclose energy consumption, R&D expenditure, headcount and employee costs of every foreign entity, and clarify whether these entities have physical offices and take independent business decisions.ET has reviewed RBI's questionnaire sent to several private and multinational banks around the end of June."The question on partners' KYC is noteworthy. Clearly, RBI wants greater visibility on due diligence practices adopted by Indian investors. Maybe, this could attract increased regulatory focus going forward," said Moin Ladha, partner at Khaitan & Co.A dubious overseas partner could defraud the company, collude with an Indian promoter to siphon off funds, or act as a front to round-trip money."Under the Overseas Investment framework, the Indian investor's primary obligation is to ensure that the investment is in a bona fide business and complies with the regulations. The framework does not expressly prescribe a separate KYC exercise for overseas JV partners. However, cross-border investments are already subject to multiple layers of KYC and due diligence by overseas regulators, banks and professional intermediaries," Ladha said.ODIs have surged to $34 billion in FY26 from about $11 billion five years ago.Other information sought by RBI includes dividends and loan interest paid by foreign entities to their Indian parents, exports and imports between the two, dealings with step-down foreign subsidiaries and, significantly, capital written off - a possible route to move money out of India by declaring a foreign venture a failure."In my view, RBI is responding to a real concern. Once money leaves as ODI, Indian regulators' visibility narrows to annual filings, a thin window in a multi-jurisdictional chain. Unlike the Black Money Act, which is backed by automatic international information exchange, FEMA largely relies on annual self-reporting. There are limited means to independently pull data on the overseas entity," said Ayush Tandon, partner at law firm AZB & Partners.RBI has also sought foreign entities' financial ratios, detailed expenditure and transactions with parent companies - information that may not always be readily available.The intent is probably to avoid the double impact of forex losses and dividend tax leakage if funds ultimately benefit promoters, Tandon said."There have been cases where dollars went out and all that was left was a questionable investment and a post-mortem investigation. It was extremely difficult to recover what had been lost," he said.In its communication to banks, RBI said the purpose of the questionnaire was to understand the "business rationale, capital flow dynamics, and economic implications of the investments, and assess its coherence with India's broader macroeconomic and capital account management objectives".
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3h
Real estate firms ramp up legal hiring as deals grow more complex
INDIA BUSINESS | Sun, 12 Jul 2026, 11:57PM IST
In an evolving landscape, Indian real estate developers are strategically bolstering their legal departments. This growth represents a pivotal shift towards a more structured approach to deal-making. Leading developers are on the lookout for legal leaders and experts to adeptly handle various transactions, while law firms actively seek to recruit professionals from competitors. Moreover, effective legal planning has become integral to the overall business strategy for developers and their investors.
Continue reading at Economic Times
3h
Digital content is driving demand for physical toys in India, says Mattel
INDIA BUSINESS | Sun, 12 Jul 2026, 11:53PM IST
The surge of digital content in India is encouraging children to purchase more toys, significantly boosting demand. With its vibrant youth population and improving economic conditions, India stands out as a prime market for Mattel. Furthermore, the country is solidifying its role as a manufacturing powerhouse for international toy exports. As imports have steadily declined since 2019, the focus has shifted to bolstering local production.
Continue reading at Economic Times
3h
LTM Q1FY27 net profit up 17% at 1,468 cr, revenue jumps 18% to 11,608 cr
INDIA MARKET | Sun, 12 Jul 2026, 11:42PM IST
LTM said its Q1 performance reflected progress in executing its AI-centric strategy, with AI revenue at about $150 million on a quarterly run-rate basis
Continue reading at Business Standard
3h
Monsoon subdued in large parts of India
INDIA NEWS | Sun, 12 Jul 2026, 11:41PM IST
New Delhi: Southwest Monsoon activity remained subdued in large parts of India on Sunday, with heavy rainfall confined to Uttarakhand, Himachal, West Bengal, and the northeastern states.The India Meteorological Department, in its daily bulletin on Sunday, predicted 'isolated heavy to very heavy rainfall' likely over northeast India, West Bengal, and Bihar during the next 2-3 days and isolated heavy falls over east Uttar Pradesh in 4-5 days.The IMD also forecast weak rainfall activity in northwest, west central and over south Peninsular India in the next 6-7 days.Also read: Uttarakhand Rain Alert: Rainfall disrupts Kedarnath Yatra, several roads shut as IMD warns of heavy rainfall across stateFor Uttarakhand, the IMD issued a red alert for heavy to very heavy rainfall.On Sunday, heavy rainfall triggered landslides across Uttarakhand, blocking 126 roads, including two national highways, while a wall collapse in Dehradun left a woman injured and forced seven families to evacuate.Repair work was underway on the Yamunotri Highway, which has been closed for the past three days due to a landslide at Syanachatti.According to the State Emergency Operation Centre (SEOC), the Rishikesh-Yamunotri National Highway has remained closed for the past three days after a landslide at Syanachatti.Himachal continued to be under a wet spell as light to moderate rains lashed parts of the state.Jogindernagar in Mandi district received 60 mm of rain in the past 24 hours since Saturday evening, followed by Manali (45 mm), Sarahan (38.5 mm), Rohru (25 mm), and Shimla (19 mm).The Cart Road, the lifeline of Shimla city, came to a standstill for a few hours when debris and a tree fell on the road near the Lift opposite the Himachal Pradesh Congress Committee (HPCC) headquarters.In the national capital, Delhi, the maximum temperatures were in the range of 35-36 degrees Celsius while minimum temperatures were in the range of 26-28 degrees Celsius over the past 24 hours.The maximum temperatures were above normal (1.6 to 3 degrees Celsius) at isolated places and normal over the remaining parts of Delhi.The IMD said it expects no change in maximum temperatures over the next 7 days across Delhi. Uttar Pradesh, too, remained rain-free on Sunday, in which maximum and minimum temperatures hovered around 36 degrees Celsius and 26 degrees Celsius, respectively.In some areas where rainfall was received, temperatures were in the moderate category, particularly in the eastern districts.The local meteorological office has predicted rain and thundershowers at a few places in eastern Uttar Pradesh and at isolated places in western parts of the state over the next 24 hours, with heavy rainfall expected at isolated locations in the northeastern region.In the state capital Lucknow, the Met office forecast a partly cloudy sky that is likely to become mainly clear later in the day.The southwest monsoon has remained below normal across Uttar Pradesh so far this season, with the state recording 158.8 mm of cumulative rainfall between June 1 and July 12 against the normal of 190.9 mm, logging a deficit of 17 per cent, according to the India Meteorological Department's district-wise rainfall data.In Rajasthan, a spell of dry weather prevailed across the state.Sri Ganganagar was the hottest place in the state with a maximum temperature of 41.7 degrees Celsius, followed by Bikaner at 39.3, Barmer and Jaisalmer each at 39 and Churu at 37.4 degrees Celsius.The weather office said it expects dry weather in eastern Rajasthan for the next five to six days.However, parts of the Shekhawati region, Jaipur and Bharatpur divisions may receive light rainfall between July 13 and 15, it said.The IMD also warned of strong dust-laden winds in western Rajasthan."There is a strong possibility of dust storms with wind speeds of 30-40 kmph in parts of Jodhpur and Bikaner divisions during the next two to three days," it said.West Bengal recorded heavy rainfall across the state.The IMD said an active monsoon will bring heavy rainfall over some districts of West Bengal till July 14.The sub-Himalayan districts of the state, which have been lashed by torrential rain for the past few days, are also likely to experience heavy precipitation till July 14, it said in a bulletin.The southern districts of Bankura, Birbhum, Purba and Paschim Bardhaman, Nadia and Murshidabad could receive heavy rainfall till July 14, while light to moderate rain is likely in the other districts of the region, it said.Pundibari in Coochbehar district received the highest rainfall in the state at 89 mm in the past 24 hours till 8.30 am on Sunday, IMD data showed.
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3h
Berry Alloys to invest 1,200 cr in Andhra Pradesh steel materials complex
INDIA MARKET | Sun, 12 Jul 2026, 11:39PM IST
The integrated manganese and steel materials complex in Vizianagaram is expected to create 813 direct jobs and strengthen Andhra Pradesh's growing metals value chain
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3h
Moana Falters at the Box Office, Casting Doubt on Disneys Formula
GLOBAL NEWS | Sun, 12 Jul 2026, 11:09PM IST
The live-action remake took in roughly $43 million over the weekend in North America, about 30 percent less than Disney had expected.
Continue reading at The New York Times
4h
China Rejects Support For 2016 South China Sea Verdict By 14 Nations
INDIA MARKET | Sun, 12 Jul 2026, 11:02PM IST
China rejected a 14-country statement backing the 2016 South China Sea tribunal ruling.
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4h
Financial services, data, cloud, are Airtel's next growth drivers: Mittal
INDIA MARKET | Sun, 12 Jul 2026, 10:58PM IST
Chairman Sunil Mittal says Airtel will build on digital infrastructure investments by expanding financial services, data centres and Airtel Cloud as key long-term growth engines
Continue reading at Business Standard
4h
Israel To Hold Elections On Oct 27 As Netanyahu Completes Full Four-Year Term
INDIA MARKET | Sun, 12 Jul 2026, 10:41PM IST
Israel will vote on Oct. 27 as Netanyahu seeks another term after completing four years.
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4h
One killed, two injured in attacks on Iran
INDIA NEWS | Sun, 12 Jul 2026, 10:39PM IST
Tehran: Iranian state media reported Sunday that an employee of a telecommunications company was killed in attacks in the southern province of Hormozgan on the Gulf, as hostilities resumed between Tehran and Washington."Following the enemy attack on Farur in Bandar Lengeh, one employee of the Mobile Communications Company of Iran was killed while carrying out his duties, and two of his colleagues were injured," the IRNA state news agency reported.
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4h
US-Iran War News Highlights: US Centcom Says Hormuz Open To All, Iran Does Not Control Strait
INDIA MARKET | Sun, 12 Jul 2026, 10:28PM IST
Iran has announced the closure Strait of Hormux closure as tensions escalate in teh region. Get all US-Iran War news live updates here.
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4h
Sohail Khan Opens Up On Divorce From Seema Sajdeh: 'I Lost Someone I Truly Loved'
INDIA MARKET | Sun, 12 Jul 2026, 10:27PM IST
Sohail Khan and Seema Sajdeh reunited on Alliance, where the actor spoke about their divorce.
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4h
'Need Direction, Not Chaos': Ex-India Coach Abhishek Nayar On England Tour Struggles
INDIA MARKET | Sun, 12 Jul 2026, 10:22PM IST
India lost the five-match T20I series 4-0 against England.
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4h
Batwara 1947 Teaser 2 To Release On July 15; Sunny Deol's Action Avatar Takes Centre Stage
INDIA MARKET | Sun, 12 Jul 2026, 10:17PM IST
The second teaser of Batwara 1947 will release on July 15, highlighting Sunny Deol's action-packed role.
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4h
India-UK FTA To Make All Indian Exports Duty-Free From July 15: Piyush Goyal
INDIA MARKET | Sun, 12 Jul 2026, 10:11PM IST
Commerce Minister Piyush Goyal.
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4h
SEBI Tightens Employee Ethics Rules, Mandates Exit From Non-Permitted Investments
INDIA MARKET | Sun, 12 Jul 2026, 10:01PM IST
SEBI revamps employee ethics code, tightening investment rules and disclosure norms.
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5h
INDIA MARKET | Sun, 12 Jul 2026, 9:53PM IST
Sudha Reddy showcased jewellery worth around Rs 280 crore from her private collection at Paris Haute Couture Week.
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5h
Trade Setup For July 13: Nifty Eyes Fresh Support At 23,400 As Middle East Tensions Escalate
INDIA MARKET | Sun, 12 Jul 2026, 9:46PM IST
Nifty held firmly above its 50-day simple moving average (SMA) at 23,829 throughout the week, signalling sustained buying at lower levels.
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5h
Q1 Results This Week: Reliance, HCLTech, Wipro, Tech Mahindra, BHEL Among 140+ Companies Reporting
INDIA MARKET | Sun, 12 Jul 2026, 9:45PM IST
RIL, HCLTech, Wipro, BHEL, TechM among companies to announce Q1FY27 results this week
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5h
Trump, European Leaders Named In Alleged Target List Published By Iranian Newspaper
INDIA MARKET | Sun, 12 Jul 2026, 9:37PM IST
Mojtaba Khamenei vowed revenge in his first public message since his father's funeral.
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5h
NTPC approves Rs 20,457 crore investment for 1,600 MW Lara Stage-III project
INDIA BUSINESS | Sun, 12 Jul 2026, 9:27PM IST
NTPC's board approved a Rs 20,456.70 crore investment for its Lara Super Thermal Power Project Stage-III. This significant project will add 1,600 MW capacity in Chhattisgarh state. Earlier, NTPC sought bids for technology solutions to enhance thermal unit flexibility. These solutions aim to improve integration of renewable energy sources. The company seeks to operate sub-critical thermal units more efficiently.
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5h
NTPC gives Rs 20k cr boost to Lara project
INDIA NEWS | Sun, 12 Jul 2026, 9:27PM IST
New Delhi: State-run power giant NTPC board has approved Rs 20,456.70-crore investment for 1,600 MW Lara Super Thermal Power Project Stage-III in Chhattisgarh."The Board of Directors of NTPC Limited in its meeting held today, i.e. 11th July 2026 has, inter-alia, approved investment proposal for Lara Super Thermal Power Project, Stage-III (2x800 MW) at current estimated cost of Rs 20,456.70 crore," the company said in an exchange filing on Saturday.Also read: NITI Aayog begins consultations on implementing SHANTI ActOn June 5, the NTPC had sought bids from technology solutions players to help its sub-critical thermal power units operate at lower load and ensure flexibility for the electricity distribution network to use both thermal and renewable energy more efficiently.The project will require providing technical support to sub-critical thermal units ranging between 150 MW and 250 MW, enabling them to operate in two shifts and at a minimum technical load of 25 per cent, NTPC had said in a statement.Sub-critical thermal units can offer greater flexibility compared to supercritical and ultra-supercritical technologies for certain grid-balancing requirements because of less parameter swings and hence low fatigue, NTPC had said, adding that their ability to operate efficiently at lower loads and adapt to frequent cycling makes them a potential enabler for higher renewable energy integration in the future.
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5h
Priyanka Chopra Reunites With Andaaz Co-Star Lara Dutta At Wimbledon; Fans Get Nostalgic
INDIA MARKET | Sun, 12 Jul 2026, 9:24PM IST
Priyanka Chopra and Lara Dutta reunited at Wimbledon, reviving memories of their film Andaaz.
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5h
India better prepared to navigate supply challenges as Hormuz shuts again
INDIA NEWS | Sun, 12 Jul 2026, 9:14PM IST
India has secured crude oil and LPG supplies for the near term, limiting the immediate impact of the renewed Strait of Hormuz closure, though prices are expected to rise
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5h
India Replace Injured Harshit, Varun With Prince, Bishnoi For England ODIs, Zimbabwe T20Is
INDIA MARKET | Sun, 12 Jul 2026, 9:07PM IST
India lost the five-match T20I series 4-0 against England.
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6h
Sri Lanka Emerges As Fastest-Growing Destination For Indian Weddings: Report
INDIA MARKET | Sun, 12 Jul 2026, 8:37PM IST
Indian destination weddings are growing, with Sri Lanka seeing strong demand, WedMeGood reports.
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