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Duty waiver on petrochemical products extended till July 15
Indian manufacturers will continue to benefit from a full customs duty exemption on imported petrochemicals until July 15. This extension aims to stabilize input costs for sectors like plastics, packaging, and textiles, which are still navigating supply chain recovery post-West Asia conflict. The move ensures a steady flow of essential raw materials, bolstering domestic production and market availability as global supply chains gradually normalize.
India's sound macroeconomic fundamentals provide greater resilience to external shocks, says RBI
Reserve Bank released the June 2026 edition of the Financial Stability Report (FSR) today. It noted that despite repeated shocks, the global financial system has thus far demonstrated notable resilience, with markets remaining orderly after an initial bout of volatility following the outbreak of the West Asia conflict. Nevertheless, global financial stability risks remain elevated. Persistent supply chain uncertainties could tighten financial conditions and revive inflationary pressures. Meanwhile, elevated public debt, bond market fragilities, stretched asset valuations, and leveraged NBFIs remain key vulnerabilities that could amplify future shocks.
Unimech Aerospace surges after securing long-term supply agreement with Austria's FACC
Unimech Aerospace and Manufacturing jumped 7.66% to Rs 1,176.60 after the company signed a long-term supply agreement with FACC Operations GmbH, Austria, strengthening its presence in the global aerospace supply chain.
South Korea's KVIC courts Indian venture funds as allocation evolves to a more structured strategy
South Korean institutional investors and government funds like KVIC are scouting for partnerships with Indian VC firms, signaling a strategic shift toward funding India’s deeptech and advanced manufacturing sectors amid global supply chain diversification.
Asia's crude oil imports tick up in June but uncertainty reigns
Asia's crude oil imports saw a slight June uptick but remain near decade lows, impacted by the Iran conflict disrupting Middle East shipments. Despite a modest recovery, volumes are significantly down from pre-war levels, with the Strait of Hormuz's uncertain future and China's reduced buying adding to market volatility. Refined product prices remain elevated, hinting at ongoing supply chain adjustments.
Home sales fall to three-year low in June quarter
Home sales experienced a notable dip in the June quarter, marking the slowest performance since early 2023. Persistent global uncertainties and supply chain issues have dampened buyer sentiment. Despite this, new project launches saw an annual increase, particularly in premium segments and infrastructure-driven areas. While most major cities saw sales decline, Kolkata, Hyderabad, and Bengaluru registered modest yearly growth.
Raymond’s aerospace vertical growth outpaces precision engineering business
Driven by global supply-chain diversification, JK Maini Global Aerospace is clocking a 25% expansion rate and has locked in a ₹2,350-crore order pipeline over the next five years.
United Spirits set to cut 100 jobs to curb costs, streamline operations
United Spirits is cutting around 100 jobs in India as part of parent Diageo's global cost-saving drive. This significant workforce reduction, impacting mid- to senior-level employees, aims to streamline operations and boost productivity. While the company continues investing in key brands and growth markets, further roles could be affected. This move comes despite strong recent financial performance and ongoing supply chain optimization efforts.
Oil, AI and chips: The new resource race redrawing markets and nations
The leap to a $5 trillion valuation for Nvidia underscores a dramatic paradigm shift: semiconductors have become the driving force of global economic prowess, akin to oil in previous centuries. With nations such as Taiwan and South Korea emerging through powerhouses like TSMC and Samsung, the future prosperity relies heavily on mastering the semiconductor supply chain as AI technology evolves, reshaping national strength and financial stability.
Motilal Oswal initiates coverage on KPR Mill, 7 other textile stocks with up to 43% upside. Own any?
Motilal Oswal has initiated coverage on eight textile companies, turning bullish on Gokaldas Exports, Indo Count, Arvind Fashions, Pearl Global and Welspun Living. The brokerage expects improving global demand, trade agreements and supply-chain shifts to support India’s textile sector recovery and long-term export growth.
India's pharma supply chain remains 65 per cent dependent on China for critical inputs: NITI Aayog
India's pharmaceutical sector, despite being the "pharmacy of the world," faces significant reliance on China for raw materials, with nearly 65% of APIs and intermediates sourced from there. NITI Aayog's report highlights supply chain vulnerabilities and calls for moving up the value chain by fostering innovation and industry-academia collaboration. This strategic shift aims to boost high-value product development and capture a larger global market share.
India needs to diversify its sources of energy needs, says NITI vice-chairman
NITI Aayog Vice Chairman Ashok Kumar Lahiri highlighted that the West Asia conflict, though a temporary supply chain issue, underscores India's need to diversify energy sources. He expressed optimism about an upcoming India-US trade agreement and advocated for including pharmaceutical products in future FTAs. Lahiri likened the crisis to a manageable 'influenza,' emphasizing the lesson of not concentrating all import and export dependencies.