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 14 Jul 2026 02:57 PM   EconomicTimes

Capex in mining, construction equipment sectors to hit Rs 10 lakh crore by 2030: Report

Capital expenditure for mining and construction equipment will nearly double by 2030. This growth is driven by accelerated infrastructure projects and critical mineral extraction. Domestic original equipment manufacturers must adapt to global technological shifts. India's exports of this equipment already exceed imports, showing strong potential. The nation can expand its global market share by investing in distribution and after-sales services.

 14 Jul 2026 02:49 PM   EconomicTimes

Adani family tops India's real estate rich list; DLF remains most valuable listed developer

Gautam Adani and family now lead India's real estate tycoons, surpassing Rajiv Singh and family. Their wealth grew significantly while others saw declines amid market corrections. Adani Properties and Prism (OYO) were the largest value creators this year. DLF remains India's most valuable real estate company despite valuation decreases. Mumbai continues to be the nation's real estate capital with substantial valuations.

 14 Jul 2026 02:46 PM   EconomicTimes

Trump's Strait of Hormuz Plan Explained: Can the US charge ships and what it means for India

Strait of Hormuz Explained: US President Donald Trump's proposal to impose a 20% charge on cargo passing through the Strait of Hormuz has sparked a sharp rebuttal from Iran and raised fresh concerns over oil prices, global trade and India's economy. Here's what international law says, why the UN opposes transit tolls, and how the plan could affect India's inflation, crude oil imports, LNG supplies, rupee and fiscal outlook.

 14 Jul 2026 02:43 PM   EconomicTimes

Education-loan AUM of NBFCs seen up 20 pc despite slower US biz: Report

Education loan assets for NBFCs are projected to grow steadily at twenty percent this fiscal year. Diversification across study destinations offsets demand impact from US policy uncertainties. Asset quality remains robust and is expected to stay stable during this period. US-linked disbursements declined sharply, while UK and other destinations gained traction. The US share of education loan assets fell significantly as of March 31, 2026.

 14 Jul 2026 02:36 PM   EconomicTimes

IRCTC appoints Rajneesh Narain as chief financial officer

IRCTC appointed Rajneesh Narain as its Chief Financial Officer with immediate effect. Narain's appointment as CFO took effect on July 14, 2026, following board approval. He joined IRCTC as Director (Finance) on June 15, 2026, bringing extensive coal sector experience. Narain previously held finance leadership roles at Northern Coalfields and South Eastern Coalfields. He also served as CFO for subsidiaries of South Eastern Coalfields for six years.

 14 Jul 2026 02:31 PM   EconomicTimes

Mining, construction equipment industry posts 3% rise in domestic sales; exports surge 31.5%

The domestic mining and construction equipment sector saw sales exceed 140,000 units last fiscal year. Exports experienced a significant jump of over thirty percent, indicating global expansion. This growth is fueled by sustained public investment in infrastructure development across India. The industry is adopting advanced mechanization and new generation technologies for efficiency. India's economic ambitions and focus on critical minerals drive sector opportunities.

 14 Jul 2026 02:19 PM   EconomicTimes

Google AI Hub ecosystem in Vizag expands with ₹1,008-crore logistics park, 5,000 new jobs

A new logistics and light industrial park will support Google's AI Hub in Visakhapatnam. This Ecobox development represents a significant Rs 1,008 crore investment in Andhra Pradesh. The project is expected to create approximately five thousand direct employment opportunities. Google has identified Ecobox as its preferred partner for this crucial infrastructure.

 14 Jul 2026 02:14 PM   EconomicTimes

UP RERA to facilitate GST refund for homebuyers, warns builders against excess levy

UP RERA has issued new guidelines for homebuyers seeking GST refunds. Eligible homebuyers can now claim excess GST collected through the GST department's online portal. If a project is cancelled after the promoter's credit note period expires, allottees can apply directly. Homebuyers must file refund claims within two years of agreement termination. Promoters are directed to strictly adhere to notified GST rates and ensure refunds.

 14 Jul 2026 02:09 PM   EconomicTimes

Global smart money can't get enough of India's next growth story

Global private equity firms are expanding beyond hospitals into India's broader healthcare ecosystem, with Warburg Pincus, TA Associates, Bain Capital and CVC Capital in talks to acquire a 25% stake in Agappe Diagnostics at a valuation of ₹3,000–3,200 crore.

 14 Jul 2026 02:03 PM   EconomicTimes

OneSource Specialty Pharma partners with Formycon AG to manufacture biosimilars

OneSource Specialty Pharma has announced a manufacturing partnership for biosimilars with Formycon AG. This collaboration will see OneSource providing integrated manufacturing capabilities for biosimilars. The partnership aims to expand access to high-quality, affordable biologics for patients globally. Formycon AG CEO stated this strengthens their supply capabilities with a quality-focused partner. Both companies aim to broaden sustainable global access to life-changing biosimilar therapies.

 14 Jul 2026 01:54 PM   EconomicTimes

Is your child using AI to study or just getting answers from it?

There's a real difference between the two, and it shows up on exam day. Some use AI just to get answers; however, it leaves the student with no understanding, leading to no long-term impact. Studying with AI is a different concept altogether. It involves diving deeper into the topic through questions, notes, and practice quizzes. And yet, schools still haven't figured out how to reward the studying without rewarding the shortcut.

 14 Jul 2026 01:52 PM   EconomicTimes

Income Tax tribunal extends stay on Xiaomi India's Rs 10,833 crore tax demand

The Income Tax Appellate Tribunal has extended a significant tax demand stay. This stay now covers approximately ₹10,833.22 crore for Xiaomi Technology India. The tribunal granted this extension for a further 180 days. This period will last until the appeal is fully disposed of. Hearings for all pending Xiaomi India appeals are scheduled for September 21, 2026.

 14 Jul 2026 01:42 PM   EconomicTimes

Byju’s founder loses bid to overturn Singapore jail sentence

Singapore's High Court rejected Byju Raveendran's appeal against his jail sentence. This ruling effectively bars him from entering Singapore without serving the term. Raveendran maintains his innocence regarding any court order breaches. Foreign investors are pursuing claims against the Byju's founder globally. Qatar Investment Authority welcomes the court's decision and will continue legal actions.

 14 Jul 2026 01:42 PM   EconomicTimes

Singapore Court declines stay of Byju’s founder’s sentence

Singapore's High Court denied a stay on Byju Raveendran's jail sentence. The founder of the failed education startup faces imprisonment if he returns. Raveendran has appealed the contempt ruling to Singapore's Court of Appeal. Foreign investors are pursuing claims against Raveendran globally. The Qatar Investment Authority welcomed the court's latest ruling.

 14 Jul 2026 01:22 PM   EconomicTimes

Monsoon tests India's steelmakers as prices head in opposite directions: Report

Domestic steel prices are expected to remain mixed in the coming months. Long steel prices will likely stay under pressure due to monsoon demand weakness. Flat steel prices should remain relatively resilient, supported by lower imports. Raw material costs for steel production are also showing varied trends. This outlook reflects current market conditions and anticipated seasonal impacts.

 14 Jul 2026 01:05 PM   EconomicTimes

7,700 jobs down: India’s top private banks’ workforce reduce as tech wonder gets busy

India's largest private banks are reducing staff numbers. This shift reflects increased automation and artificial intelligence adoption. Technology now handles routine operations, freeing human resources for customer-facing roles. Banks like HDFC and Axis Bank are redeploying talent to advisory and sales functions. This trend signals changing skill requirements across the banking industry.

 14 Jul 2026 12:50 PM   EconomicTimes

Rare earth minerals explained: Why are they the world's most strategic resources?

Rare earth minerals explained: Rare earths are vital for modern technology and defense applications. China dominates global processing, creating strategic supply chain vulnerabilities. Demand for these minerals is projected to grow significantly in coming years. India faces dependence on China for critical rare earth products. Diversifying supply chains requires substantial investment and international cooperation.