CRISIL Ratings reports that the Middle East conflict's impact on Indian companies' global trade is currently limited due to small direct trade volumes with Israel and Iran. However, escalating geopolitical risks could affect energy markets and supply chains. Upstream oil producers might gain from higher prices, while refiners and sectors like aviation could face squeezed margins.

RBI policy minutes: Governor backed neutral stance to 'cut, pause or hike rates'; Five of six MPC members supported 'front-loaded' easing
https://timesofindia.indiatimes.com/business/india-business/rbi-policy-minutes-governor-backed-neutral-stance-to-cut-pause-or-hike-rates-five-of-six-mpc-members-supported-front-loaded-easing/articleshow/121978038.cms

RBI's Monetary Policy Committee, led by Governor Sanjay Malhotra, reduced the repo rate by 50 bps for the second consecutive time, shifting to a neutral stance to boost growth amid global volatility. While most members favored the cut to signal policy certainty and support consumption and investment, one member advocated for a more cautious approach due to prevailing uncertainties.

ITR e-filing FY 2024-25: What is the benefit of pre-filled ITR forms on the income tax portal? Top points
https://timesofindia.indiatimes.com/business/financial-literacy/taxation/itr-e-filing-fy-2024-25-what-is-the-benefit-of-pre-filled-itr-forms-on-the-income-tax-portal-top-points/articleshow/121953183.cms

Income Tax Return Filing FY 2024-25: The Income Tax Department is enhancing ITR filing for FY 2024-25 to improve accuracy and reduce taxpayer burden. Pre-filled forms may include more data like capital gains and deductions, sourced from brokers, depositories, and employers. This aims to minimize errors, ensure full income disclosure, and reduce litigation by addressing mismatches early.

Campus Fund launches $100 million third fund to back student founders
https://timesofindia.indiatimes.com/business/india-business/campus-fund-launches-100-million-third-fund-to-back-student-founders/articleshow/121978442.cms

Campus Fund, a venture capital firm dedicated to student and dropout-led startups, has launched its largest fund to date, a $100 million Fund III. Already deploying capital, the fund aims to support up to 60 startups over the next four years with initial investments ranging from Rs 1 crore to Rs 8 crore.

BEL order wins: Navratna PSU secures Rs 585 crore in fresh defence contracts; new deals include missile sighting systems and communication gear
https://timesofindia.indiatimes.com/business/india-business/bel-order-wins-navratna-psu-secures-rs-585-crore-in-fresh-defence-contracts-new-deals-include-missile-sighting-systems-and-communication-gear/articleshow/121979015.cms

Bharat Electronics Limited (BEL) has recently secured new orders worth Rs 585 crore, encompassing fire control systems, communication equipment, and more. This Navratna Defence PSU is also diversifying into sectors like cyber security.

Accenture Q3 earnings: Revenue rises 8% to $17.7 billion on Gen-AI momentum; Gen-AI revenue tops $700 million
https://timesofindia.indiatimes.com/business/india-business/accenture-q3-earnings-revenue-rises-8-to-17-7-billion-on-gen-ai-momentum-gen-ai-revenue-tops-700-million/articleshow/121979185.cms

Accenture's Q3 FY25 revenue surged 8% to $17.7 billion, fueled by strong demand for AI services. The IT firm has raised its full-year revenue growth outlook to 6-7%. Gen-AI bookings reached $1.5 billion for the quarter, generating over $700 million in revenue. New bookings totaled $19.7 billion, with the Americas leading in revenue contribution. Accenture's global workforce stands at 7.

US Fed rate outlook: Governor Waller signals possible July rate cut; says tariff impact may be ‘one-off’ and shouldn’t delay easing
https://timesofindia.indiatimes.com/business/international-business/us-fed-rate-outlook-governor-waller-signals-possible-july-rate-cut-says-tariff-impact-may-be-one-off-and-shouldnt-delay-easing/articleshow/121979362.cms

A US Federal Reserve official hinted at potential interest rate cuts as early as July, citing global economic uncertainties and geopolitical risks. Despite President Trump's pressure for rate reductions, the Fed remains cautious, assessing the impact of tariffs on inflation. Fed governor Christopher Waller suggested a gradual approach, emphasizing the focus on underlying price trends rather than temporary tariff effects.

Telecom push: BSNL enters 5G fixed wireless market with Hyderabad launch; plans expansion to six cities by September
https://timesofindia.indiatimes.com/business/india-business/telecom-push-bsnl-enters-5g-fixed-wireless-market-with-hyderabad-launch-plans-expansion-to-six-cities-by-september/articleshow/121979759.cms