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GLOBAL NEWS | Tue, 14 Jul 2026, 4:03AM IST The potential expense of a 20 percent charge to move oil and other goods through the strait has stirred concern among shippers.

Continue reading at The New York Times

57m

INDIA BUSINESS | Tue, 14 Jul 2026, 1:54AM IST State-run BSNL saw operational revenues grow ten percent in Q1FY27. Consumer mobility and enterprise businesses fueled this significant revenue increase. Average revenue per user for consumer mobility rose to 102.7. The consumer broadband segment experienced a slight decrease in revenue. These provisional figures indicate BSNL's positive business performance.

Continue reading at Economic Times

3h

INDIA BUSINESS | Tue, 14 Jul 2026, 1:45AM IST Aircraft lessors are repossessing planes from SpiceJet after the airline failed to pay lease rentals. The finance leasing arm of Industrial and Commercial Bank of China requested the DGCA to take back four Boeing 737 Max aircraft. Nearly eighty percent of SpiceJet's fleet is currently grounded amid continued financial woes and employee salary issues. The airline has run out of cash despite raising funds, which were used for statutory dues.

Continue reading at Economic Times

3h

INDIA BUSINESS | Tue, 14 Jul 2026, 1:38AM IST Several global private equity firms are exploring a significant stake purchase in Agappe Diagnostics. This potential deal involves both existing investor sales and new capital infusion. The transaction is expected to value the Kochi-based in-vitro diagnostics firm at over three thousand crore rupees. Agappe Diagnostics develops and manufactures diagnostic reagents and equipment for global markets.

Continue reading at Economic Times

3h

INDIA MARKET | Tue, 14 Jul 2026, 1:36AM IST Tech stocks dragged Wall Street lower as escalating US Iran tensions and a renewed blockade lifted oil prices and dented risk appetite. Nasdaq led losses amid chip stock weakness, while energy shares supported the Dow. Investors now await Fed Chair Warsh testimony, inflation data and big bank earnings for directional cues.

Continue reading at Economic Times

3h

INDIA BUSINESS | Tue, 14 Jul 2026, 1:21AM IST Mumbai-based Juliet Apparels Pvt. Ltd. owns the women's innerwear brand 'Juliet'. The dispute is between two branches of the family that founded the company.

Continue reading at Economic Times

3h

INDIA BUSINESS | Tue, 14 Jul 2026, 1:15AM IST Industry participants said the country is considering exporting ethanol to neighbouring countries, including Nepal, Bangladesh, and Indonesia, which have 10% ethanol blending targets but lack adequate feedstock and distilling capacity.

Continue reading at Economic Times

3h

INDIA NEWS | Tue, 14 Jul 2026, 1:15AM IST Mumbai | New Delhi: For years, India's ethanol story was about scaling up fast enough to meet ambitious blending targets. But now the script has flipped-the country is producing far more ethanol than it can consume, and the search is on for new markets to keep capacities afloat. This, even as India's E20 rollout has sparked growing consumer backlash.Industry participants said the country is considering exporting ethanol to neighbouring countries, including Nepal, Bangladesh, and Indonesia, which have 10% ethanol blending targets but lack adequate feedstock and distilling capacity. "We are seeking ethanol exports, because that would help in the interim period to move out some surplus from the country," said Bharti Balaji, deputy director general, The All India Distillers' Association (AIDA). "There are many countries that have opened up 10% mandate, including Nepal, Bangladesh, Indonesia, etc. Exporting surplus ethanol will help in the temporary period all the distilleries."India's ethanol production capacity has crossed 20 billion litres a year, with another 4 billion set to come onstream this fiscal year, CareEdge Ratings said in a May report.132376030Demand, however, hasn't kept pace. The government's E20 blending programme absorbs only around 11 billion litres a year, and non-fuel users - liquor makers, pharmaceutical companies, and chemical manufacturers - consume another 3-3.5 billion litres. That leaves nearly 7 billion litres unused capacity.The strain is showing up on factory floors, with distilleries operating at about 60% capacity. Analysts are expecting 65-75% utilisation over the next three years. Maharashtra, a major ethanol hub, is expected to bear the brunt of the regional glut. To be sure, the entire ethanol output doesn't get converted into fuel. Nearly 18.7% of demand comes from undenatured ethanol used in Indian Made Foreign Liquor (IMFL), country liquor, pharmaceuticals, and laboratories. The related extra neutral alcohol (ENA) market reached about 3.8 billion litres in 2025 and is growing around 5% annually, fuelled by consumers shifting from country liquor to IMFL. Ethanol and ENA also feed into antiseptics, vaccines, antibiotics, cosmetics, detergents, and hand sanitizers - a category expanding 9-11% annually. Exports of first-generation ethanol produced from sugarcane, maize, or grain are currently barred, per the Grain Ethanol Manufacturers Association of India.Only second-generation ethanol from crop residue and biomass got export clearance, and that too only in September 2025. Non-fuel-grade ethanol exported by India goes mostly to African markets like Tanzania, Angola, and Kenya, and small volumes to Iraq and Nepal. Nepal itself is weighing a 10% blending mandate but currently lacks the feedstock and distilling capacity, and talks are extending to the broader SAARC region.Praj Industries managing director Ashish Gaikwad is betting on a different fuel entirely-bio-isobutanol, which he said is ready for commercial scale-up, with the first order expected this quarter. "Our bio-isobutanol (Bio-IBA) technology is ready for commercialisation and scale-up, and we expect the first order in the current quarter of FY27," Gaikwad told ET.Mumbai | New Delhi: For years, India's ethanol story was about scaling up fast enough to meet ambitious blending targets. But now the script has flipped-the country is producing far more ethanol than it can consume, and the search is on for new markets to keep capacities afloat. This, even as India's E20 rollout has sparked growing consumer backlash.Industry participants said the country is considering exporting ethanol to neighbouring countries, including Nepal, Bangladesh, and Indonesia, which have 10% ethanol blending targets but lack adequate feedstock and distilling capacity. "We are seeking ethanol exports, because that would help in the interim period to move out some surplus from the country," said Bharti Balaji, deputy director general, The All India Distillers' Association (AIDA). "There are many countries that have opened up 10% mandate, including Nepal, Bangladesh, Indonesia, etc. Exporting surplus ethanol will help in the temporary period all the distilleries."India's ethanol production capacity has crossed 20 billion litres a year, with another 4 billion set to come onstream this fiscal year, CareEdge Ratings said in a May report.Demand, however, hasn't kept pace. The government's E20 blending programme absorbs only around 11 billion litres a year, and non-fuel users - liquor makers, pharmaceutical companies, and chemical manufacturers - consume another 3-3.5 billion litres. That leaves nearly 7 billion litres unused capacity.The strain is showing up on factory floors, with distilleries operating at about 60% capacity. Analysts are expecting 65-75% utilisation over the next three years. Maharashtra, a major ethanol hub, is expected to bear the brunt of the regional glut. To be sure, the entire ethanol output doesn't get converted into fuel. Nearly 18.7% of demand comes from undenatured ethanol used in Indian Made Foreign Liquor (IMFL), country liquor, pharmaceuticals, and laboratories. The related extra neutral alcohol (ENA) market reached about 3.8 billion litres in 2025 and is growing around 5% annually, fuelled by consumers shifting from country liquor to IMFL. Ethanol and ENA also feed into antiseptics, vaccines, antibiotics, cosmetics, detergents, and hand sanitizers - a category expanding 9-11% annually. Exports of first-generation ethanol produced from sugarcane, maize, or grain are currently barred, per the Grain Ethanol Manufacturers Association of India.Only second-generation ethanol from crop residue and biomass got export clearance, and that too only in September 2025. Non-fuel-grade ethanol exported by India goes mostly to African markets like Tanzania, Angola, and Kenya, and small volumes to Iraq and Nepal. Nepal itself is weighing a 10% blending mandate but currently lacks the feedstock and distilling capacity, and talks are extending to the broader SAARC region.Praj Industries managing director Ashish Gaikwad is betting on a different fuel entirely-bio-isobutanol, which he said is ready for commercial scale-up, with the first order expected this quarter. "Our bio-isobutanol (Bio-IBA) technology is ready for commercialisation and scale-up, and we expect the first order in the current quarter of FY27," Gaikwad told ET.

Continue reading at Economic Times

3h

INDIA BUSINESS | Tue, 14 Jul 2026, 1:11AM IST Seven Indian flagged vessels are operating safely in the Persian Gulf as per schedule. These ships are not carrying oil, gas, or fertilizers destined for India. About 148 seafarers are onboard these Indian flagged vessels with supplies provided. One Indian seafarer was missing after an attack on a Cyprus flagged ship. Vessels are exercising caution and alternative routes are becoming the norm.

Continue reading at Economic Times

3h

INDIA BUSINESS | Tue, 14 Jul 2026, 1:01AM IST The power sector regulator has introduced a new framework for renewable energy projects. Developers can now surrender, transfer, or retain unused interstate transmission connectivity. This move aims to free up grid capacity for projects ready for commissioning. The regulator estimates 15.7 GW of connectivity could be released through this initiative. Developers retaining connectivity without a PPA must furnish a bank guarantee and commission projects within 24 months.

Continue reading at Economic Times

3h

INDIA BUSINESS | Tue, 14 Jul 2026, 12:53AM IST Finance Minister Nirmala Sitharaman urged banks to intensify outreach to non-resident Indians. Innovative deposit products and foreign currency inflows are key objectives for banks. These initiatives aim to bolster forex reserves and support the Indian rupee. Banks reported significant interest from non-resident Indians across various jurisdictions. The Reserve Bank of India is actively supporting banks in deposit mobilization efforts.

Continue reading at Economic Times

4h

INDIA BUSINESS | Tue, 14 Jul 2026, 12:32AM IST The one-day disruption affected ATM uptime and cash availability across the four states, with intermittent service gaps reported as regular cash replenishment cycles were interrupted. Industry executives, however, said operations are expected to resume from Tuesday after several private sector banks agreed to renegotiate contracts and revise service fees, while discussions with other lenders continue.

Continue reading at Economic Times

4h

INDIA BUSINESS | Tue, 14 Jul 2026, 12:26AM IST Emcure Pharma is acquiring the remaining stake in Gennova Biopharmaceuticals. This move simplifies ownership and sharpens strategic focus for the subsidiary. Gennova will now be led by Samit Mehta for its next growth phase. The company will continue leveraging its biomanufacturing platforms for new products. Gennova's former CEO Sanjay Singh has divested its mRNA business.

Continue reading at Economic Times

4h

INDIA BUSINESS | Tue, 14 Jul 2026, 12:23AM IST Entry-level smartphone and television sales have declined for the first time in over a decade. Successive price increases, driven by memory chip costs, are deterring first-time buyers. Mid-range and premium device demand continues to grow at a faster pace than last year. This shift has prompted companies to reduce their model portfolios across categories. Some manufacturers are re-entering the non-smart TV market to offer lower prices.

Continue reading at Economic Times

4h

INDIA BUSINESS | Tue, 14 Jul 2026, 12:19AM IST Younger Indians aged 21-28 are drinking alcohol more frequently than before. This trend challenges the idea that Gen Z avoids alcoholic beverages. Older generations are reducing consumption while younger consumers explore premium options. Urban affluent Indians show increased alcohol participation, favoring bars and restaurants. Whisky remains the most consumed spirit, with premium brands gaining popularity.

Continue reading at Economic Times

4h

INDIA BUSINESS | Tue, 14 Jul 2026, 12:12AM IST 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. On 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 .

Continue reading at Business Standard

4h

INDIA MARKET | Mon, 13 Jul 2026, 11:36PM IST The acquisition also broadens ABReL's footprint beyond the commercial and industrial (C&I;) segment.

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5h

INDIA MARKET | Mon, 13 Jul 2026, 11:32PM IST File image of Jan Suraaj founder Prashant Kishor

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5h

GLOBAL NEWS | Mon, 13 Jul 2026, 11:31PM IST Some tech executives are nervous that the administrations recent scrutiny of artificial intelligence models could be a prelude to a demand for an ownership stake.

Continue reading at The New York Times

5h

INDIA MARKET | Mon, 13 Jul 2026, 11:29PM IST UPI payments to securities brokers surged 38.5% by value in June, while digital gold transactions jumped sharply, according to NPCI data

Continue reading at Business Standard

5h

INDIA MARKET | Mon, 13 Jul 2026, 11:29PM IST Former Spanish Prime Minister Mariano Rajoy.

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5h

INDIA MARKET | Mon, 13 Jul 2026, 11:26PM IST Tom Cruise stars in Digger, Alejandro G. Inarritu's dark comedy, releasing in IMAX on Oct. 2, 2026.

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5h

INDIA MARKET | Mon, 13 Jul 2026, 11:25PM IST US President Donald Trump claimed that the Strait of Hormuz is open, while criticising the Iran again.

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5h

INDIA MARKET | Mon, 13 Jul 2026, 11:25PM IST The issue stems from a delay in approving revised prices for 105 medicines classified underthe "hardship category."

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