Fed Holds Rates Steady but Three Officials Back Increase
GLOBAL NEWS | Thu, 30 Jul 2026, 2:23AM IST
Kevin M. Warshs second meeting as chairman of the Federal Reserve was colored by internal divisions over the path forward for policy.
Continue reading at The New York Times
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Dow Jones Plummets 1,100 Points As Bears Grip Wall Street After Fed's Rate Pause
INDIA MARKET | Thu, 30 Jul 2026, 1:51AM IST
The S&P; 500 fell 1.3%, whereas Nasdaq 100 was down 1.5%.
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GAIL, RCF ink pact for gas-based fertiliser plant in Vidarbha
INDIA BUSINESS | Thu, 30 Jul 2026, 1:37AM IST
GAIL and Rashtriya Chemicals and Fertilizers have signed an agreement for a joint venture. This collaboration aims to establish a new gas-based fertiliser plant in Maharashtra. The proposed urea plant will have a significant production capacity of 1.27 million tonnes annually. It will be strategically located near GAIL's existing natural gas pipeline. This project will help meet India's growing fertiliser demand and boost regional industrial development.
Continue reading at Economic Times
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US stocks: US market closes down sharply after Fed holds rates unchanged
INDIA MARKET | Thu, 30 Jul 2026, 1:32AM IST
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports. Investors are concerned about the sustainability of AI spending and increasing competition from China. Major companies like Microsoft and Meta Platforms are set to release their quarterly results soon. The market anticipates potential future interest rate hikes due to ongoing inflation concerns.
Continue reading at Economic Times
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US Fed chair Kevin Warsh says this after holding rates steady
INDIA MARKET | Thu, 30 Jul 2026, 1:32AM IST
Federal Reserve Chairman Kevin Warsh stressed commitment to the 2% inflation target. He clarified there is no implicit inflation target above this for the committee and noted that the committee is focused on understanding the underlying inflation dynamics and shocks.
Continue reading at Economic Times
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FOMC Highlights: Fed Keeps Rates On Hold; Warsh Says 'Won't Hesitate' If Inflation Persists
INDIA MARKET | Thu, 30 Jul 2026, 1:23AM IST
In a 9-3 vote, the Fed decided to leave rates unchanged in the 3.5%-3.75% range. Warsh signalled that future hikes weren't ruled out to combat inflation.
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Syrma SGS plans JV with Kaga Electronics; Q1 net profit doubles
INDIA BUSINESS | Thu, 30 Jul 2026, 1:23AM IST
The two companies formed the joint venture in June to set up an advanced EMS manufacturing facility at Syrma's existing plant in Haryana, Managing Director Jasbir Singh Gujral told ET.
Continue reading at Economic Times
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Brands step up Gen Z push on Instagram
INDIA NEWS | Thu, 30 Jul 2026, 1:19AM IST
New Delhi: Brands are expected to sharpen their focus on Gen Z consumers following recent developments, with companies across food and apparel increasing their engagement on social media, particularly Instagram. The renewed push comes even as the Bharatiya Janata Party released a new video targeting young Indians. Executives at three Gen Z-focused brands told ET they are stepping up marketing efforts aimed at this demographic."Given the explosion of interest on Instagram in the past few weeks, we are allocating at least 25% more ad and promotional spends on the platform compared to last month," one executive said.On Wednesday, fashion brand Provogue announced a digital campaign featuring actor Fardeen Khan, aimed at Gen Z consumers. Earlier this week, KFC India marketing director Tamisha Sajnani said in a LinkedIn post that the brand had crossed one million followers on Instagram, thanking the Gen Z community "for rewarding authenticity and making KFC more KFC, every single day."132721546Sandeep Goyal, MD of advertising agency Rediffusion, said there has been a "tremendous spike" in brand promotions targeting Gen Z across social media platforms."Brands are stepping up visibility not just on Instagram but across social platforms. However, higher ad spends alone will not be enough. Content has to be relevant to drive engagement and stand out in a crowded digital space," he said.Shivam Shahi, co-founder of Blue Tokai Coffee Roasters, said the company's Janpath outlet has seen sales rise 20% week-on-week after receiving appreciation from Gen Z users on Instagram for offering assistance during the protests in Delhi."But we are not supporters of the Cockroach Janta Party. We helped students in distress out of basic human decency," he said."Our policies have always been centred around helping those in need. Customers don't have to place an order to use our washrooms, first aid is always available, we replace coffee if someone doesn't like it, and customers can order one coffee and take two cups. That's who we are," he added.Niharika Peri, owner and chef at Eatinn' Love Trattoria in Bengaluru, said Gen Z values authenticity over polish, participation over one-way messaging, and consistency over one-off campaigns. "They don't just buy products; they buy into stories and values they genuinely connect with," she said.Peri added that Gen Z is no longer a future audience but is already influencing household purchases, dining choices and brand relevance, prompting companies across sectors to engage with the demographic more intentionally.Shakti Banerjee, senior vice president and head of qualitative research at Hansa Research, said brands no longer view Gen Z merely as a consumer segment."They see them as people who shape culture. They may not always have the deepest pockets, but they influence what's trending, what's worth talking about and often even what the rest of the family ends up buying," she said.Praanesh Bhuvaneswar, founder and CEO of influencer marketing platform Qoruz, said one of the most striking developments during the recent Gen Z protests was that several influencers paused brand collaborations to focus on the student movement.
Continue reading at Economic Times
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PNGRB plans to open city gas for external investors
INDIA BUSINESS | Thu, 30 Jul 2026, 1:19AM IST
The PNGRB plans to allow third-party capital investment in city gas distribution areas. This move aims to expand natural gas reach and promote infrastructure competition. The regulator will review pipeline authorization rules for capex-based bidding processes. City gas authorization regulations will also be revised to facilitate infrastructure sharing. An integrated digital consumer portal is planned for grievance resolution.
Continue reading at Economic Times
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Boeing test of found no abnormality in Dreamliner fuel switch, Rajya Sabha told
INDIA BUSINESS | Thu, 30 Jul 2026, 1:15AM IST
Boeing's examination found no fault with the 787 Dreamliner fuel control switch. Air India pilots had reported a potential issue after a recent flight. The Directorate General of Civil Aviation directed testing of the mechanism at Boeing's facility. While no abnormality was observed, further inspection of the thrust control module is ongoing. The government stated that incorrect handling by pilots caused the switch to move previously.
Continue reading at Economic Times
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'Won't Hesitate To Act': Fed Holds Rates, But Warsh Leaves Door Open For Future Hikes
INDIA MARKET | Thu, 30 Jul 2026, 1:13AM IST
Fed maintains rates at 3.50%-3.75%; Warsh says inflation fight isn't over
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ProTec gets insurance licence; Irdai revamps key guidelines
INDIA BUSINESS | Thu, 30 Jul 2026, 1:12AM IST
ProTec General Insurance will be allowed to undertake general insurance business under the applicable regulatory framework. The four registrations granted so far in calendar 2026 include two general insurers, one health insurer and one reinsurer, Irdai said.
Continue reading at Economic Times
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4 Takeaways From the Federal Reserve Meeting
GLOBAL NEWS | Thu, 30 Jul 2026, 1:11AM IST
Fed officials held interest rates steady, but they have splintered over how to fight inflation.
Continue reading at The New York Times
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Axis, Kotak Mahindra raise charges for overseas card transactions
INDIA BUSINESS | Thu, 30 Jul 2026, 1:07AM IST
Axis Bank will increase the DCC fee on its credit cards to 3.5% from 1.5%, effective August 28, 2026, according to the bank's revised terms and conditions. Kotak Mahindra Bank will raise the fee on debit-card transactions to 3.5% plus goods and services tax (GST), from 1% plus GST, effective August 1.
Continue reading at Economic Times
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FSSAI's 'energy drink' crackdown sends distributors into panic mode
INDIA BUSINESS | Thu, 30 Jul 2026, 1:05AM IST
Distributors are refusing to pick up existing energy drink stocks nationwide. This action has led to shortages of popular brands on retail shelves. The food regulator has alleged labeling violations and does not recognize the category. Companies have requested an extension, but the regulator has refused their plea.
Continue reading at Economic Times
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INDIA MARKET | Thu, 30 Jul 2026, 1:04AM IST
In a 9-3 vote, the Fed decided to leave rates unchanged in the 3.5%-3.75% range. Warsh signalled that future hikes weren't ruled out to combat inflation.
Continue reading at NDTV
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Reckitt's India business grows in high single-digit
INDIA BUSINESS | Thu, 30 Jul 2026, 1:02AM IST
Reckitt reported high single-digit growth for its India business during the April-June quarter. Germ protection, intimate wellness, and household care categories led this strong performance. Emerging markets, including India, fueled the company's second-quarter sales significantly. Global chief Kris Licht noted India's consistent growth across all product categories.
Continue reading at Economic Times
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Hershey to focus on top 6 cities, exit non-metros
INDIA BUSINESS | Thu, 30 Jul 2026, 1:02AM IST
Hershey India is pivoting away from general trade in non-metro areas, focusing its efforts instead on the premium urban markets of six major cities. This strategic realignment emphasizes investment in modern trade and digital channels to enhance financial performance. The company's goal is to leverage India's largest urban centers and digital landscape for optimal growth and profitability.
Continue reading at Economic Times
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Discounts narrow on Russian Urals crude in India
INDIA BUSINESS | Thu, 30 Jul 2026, 12:58AM IST
Discounts on Russian Urals crude oil delivered to India have dropped significantly this week. Stronger demand from Indian refiners is linked to renewed hostilities in the Iran war. This rebound marks a sharp change from earlier July when discounts were much larger. Indian refiners have stepped up purchases of Russian oil for stable feedstock.
Continue reading at Economic Times
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FCNR(B) surge: Inflows through special window to ease banks liquidity pressure
INDIA BUSINESS | Thu, 30 Jul 2026, 12:58AM IST
In the first quarter of FY27, revised liquidity coverage ratio (LCR) norms came into effect, reducing the assumed run-off rate on deposits from non-financial entities such as trusts, limited liability partnerships (LLPs), and partnerships to 40% from 100% earlier. The change lowered projected 30-day cash outflows for banks, providing flexibility to the LCR mandate.
Continue reading at Economic Times
1h
ACME Solar raises 3,404 crore from Power Finance Corp
INDIA BUSINESS | Thu, 30 Jul 2026, 12:55AM IST
ACME Solar secured over 3,400 crore funding from PFC for its 250 MW project. This funding supports the development and construction of the ACME Urja One Phase III project. The project combines solar, wind, and battery storage technologies for reliable power supply. It spans across Rajasthan and Gujarat, with commissioning expected next year.
Continue reading at Economic Times
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Fed Pause Lifts Metals: Gold Crosses $4,100, Silver Jumps Over 3% As September Hike Bets Ease
INDIA MARKET | Thu, 30 Jul 2026, 12:43AM IST
Gold, silver jump after Fed holds rates as September hike expectations fade.
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Trials of country's first Vande Bharat Freight rake begins in Kota
INDIA BUSINESS | Thu, 30 Jul 2026, 12:42AM IST
Technical trials for India's first Vande Bharat Freight EMU began this week. This superfast parcel rake is undergoing extensive testing on the Kota-Nagda-Sawai Madhopur rail section. The 16-coach prototype, developed by ICF Chennai, will be tested for nearly a month. Various speed and operating conditions are being evaluated during these crucial trials. This technology aims to revolutionize e-commerce and time-bound freight transport across the nation.
Continue reading at Economic Times
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Coal India Ltd to fire up capex with 68,000 cr spend
INDIA BUSINESS | Thu, 30 Jul 2026, 12:38AM IST
Coal India plans a significant capital expenditure of 68,000 crore over four fiscal years. These investments will focus on capacity expansion and strengthening mining infrastructure. A substantial portion is allocated for land acquisition and resettlement activities. The company will also invest heavily in coal evacuation systems and solar projects. This strategic outlay aims to enhance operational efficiency and diversification.
Continue reading at Economic Times
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Lok Sabha passes anti-paper leak Amendment Bill amid Opposition din
INDIA MARKET | Thu, 30 Jul 2026, 12:06AM IST
Lok Sabha passes tougher anti-paper leak Bill as government and Opposition clash over student protests and allegations of police excesses
Continue reading at Business Standard
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Fed leaves rates unchanged; three policymakers dissent in favour of a hike
INDIA MARKET | Thu, 30 Jul 2026, 12:02AM IST
Warsh, who took over as Fed chair in May, has said he has "no tolerance" for inflation that has remained above the central bank's 2 per cent target for more than five years
Continue reading at Business Standard
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Fed On Pause: Warsh-Led FOMC Keeps Rates Unchanged But Three Members Push For Hike
INDIA MARKET | Wed, 29 Jul 2026, 11:37PM IST
This was the second FOMC meeting held under the chairmanship of Kevin Warsh.
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3h
Publicis challenges CCI probe over brand name, legal entity dispute
INDIA BUSINESS | Wed, 29 Jul 2026, 11:32PM IST
Publicis says the CCI should amend its investigation papers to name its Indian unit, TLG India, rather than "Publicis Groupe"
Continue reading at Business Standard
3h
US Federal Reserve keeps rates steady as Iran-driven inflation risks keep markets on edge
INDIA MARKET | Wed, 29 Jul 2026, 11:32PM IST
The US Federal Reserve kept interest rates unchanged, awaiting clearer inflation signals. Renewed fighting linked to Iran pressures oil prices and clouds economic outlook. Inflation remains above the Fed's target, causing investor concern about potential price increases.
Continue reading at Economic Times
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US Fed Meeting 2026 Live: Warsh Holds Interest Rates At 3.5%-3.75%
INDIA MARKET | Wed, 29 Jul 2026, 11:30PM IST
Follow live updates from the US Federal Reserve meeting, including the Fed's interest rate decision, latest from Kevin Warsh, market reaction and more.
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