Iran-Israel war: Amidst rising tensions, concerns escalate over potential disruptions to global oil supply via the Strait of Hormuz. While a prolonged blockade remains unlikely, even brief closures could trigger significant price surges and economic instability. Iran's strategic position offers various retaliatory options, yet faces constraints including potential counterstrikes and disapproval from key allies like China.

DGCA starts inspection of Air India’s main hub for aircraft airworthiness; surveillance planned before crash, say officials
https://timesofindia.indiatimes.com/business/india-business/dgca-starts-inspection-of-air-indias-main-hub-for-aircraft-airworthiness-surveillance-planned-before-crash-say-officials/articleshow/122019008.cms

The Directorate General of Civil Aviation will assess Air India's Gurugram facility. This evaluation will check aircraft documents and crew records. It is a standard yearly activity, not a response to the Ahmedabad crash.

Delhi-Meerut RRTS: Namo Bharat trains complete trial run in less than an hour at 160 kmph speed; full 82-km corridor to open soon
https://timesofindia.indiatimes.com/business/infrastructure/delhi-meerut-rrts-namo-bharat-trains-complete-trial-run-in-less-than-an-hour-at-160-kmph-speed-full-82-km-corridor-to-open-soon/articleshow/122020362.cms

Namo Bharat trains successfully completed trial runs on the entire 82-km Delhi-Meerut RRTS corridor, achieving speeds of 160 kmph and completing the journey in under an hour. This marks a significant step towards full commissioning, enhancing connectivity across the National Capital Region. The corridor features advanced signalling and integrates local metro services with high-speed regional trains.

Spike in AED-INR transfers: What’s driving Indians in UAE to remit more funds; - Explained
https://timesofindia.indiatimes.com/business/india-business/spike-in-aed-inr-transfers-whats-driving-indians-in-uae-to-remit-more-funds-explained/articleshow/122025101.cms

The weakening rupee, hovering around Rs 23.5 per AED, has triggered a surge in remittances from NRIs in the UAE and Saudi Arabia. Currency exchange firms report a significant increase in AED-INR transactions since mid-June. Despite the usual summer slowdown, expats are capitalizing on the attractive exchange rate, sending money home as quickly as possible.

India's private sector: PMI surges to a 14-month high of 61.0; strong demand lifted activity in June
https://timesofindia.indiatimes.com/business/india-business/indias-private-sector-pmi-surges-to-a-14-month-high-of-61-0-strong-demand-lifted-activity-in-june/articleshow/122027140.cms

India's private sector surged in June, hitting a 14-month high driven by strong domestic and international demand. The HSBC Flash India Composite PMI reached 61.0, fueled by manufacturing and services. Export orders grew at a record pace, particularly in manufacturing, leading to increased hiring. While input cost inflation eased, business confidence dipped to a two-year low despite the robust growth.

US stock market today: Dow jumps over 150 points; investors await economic signals
https://timesofindia.indiatimes.com/business/international-business/us-stock-market-today-dow-jumps-over-150-points-investors-await-economic-signals/articleshow/122028367.cms

US stock markets edged higher on Monday, seemingly unfazed by the escalating Middle East conflict, including recent US-led airstrikes on Iran's nuclear facilities. The Dow, Nasdaq, and S&P 500 all saw gains, with investors primarily focused on upcoming economic data, earnings reports from major companies like FedEx and Nike, and potential fiscal policy changes in Capitol Hill.

ITR filing: What is the basic exemption limit for FY 2024-25 & under what conditions do you still need to file tax return?
https://timesofindia.indiatimes.com/business/financial-literacy/taxation/itr-filing-what-is-the-basic-exemption-limit-for-fy-2024-25-under-what-conditions-do-you-still-need-to-file-tax-return/articleshow/122029117.cms

Filing income tax returns for FY 2024-25 is necessary if taxable income exceeds ₹3 lakh (new regime) or ₹2.5 lakh (old regime). Mandatory filing also applies to high-value transactions like large deposits, foreign travel expenses, or high electricity bills.