India IIP Hits 7.3% in June as Factories Lead
India’s industrial output accelerated to 7.3% in June 2026, with manufacturing and electricity outpacing mining. Here’s what MoSPI’s new PPI-based IIP does—and does not—show.
Business & Finance
Markets, GDP, energy, trade, and company restructuring explainers.
U.S. Strategic Petroleum Reserve Hits Lowest Level Since 1983
DOE and EIA data show U.S. emergency crude stocks near 311 million barrels, the lowest since 1983, as Iran-war releases continue through summer 2026.
South Korea Stocks Plunge on AI Jitters as KOSPI Suffers Steep Selloff
KOSPI fell about 6% on July 29 after a deeper intraday slide, extending a brutal AI-chip unwind as SK hynix and Samsung led losses across Asia.
OPEC+ Meets Aug. 2: Final Output Hike, Then a Likely Pause
Seven OPEC+ producers add 188,000 bpd in August, then meet Aug. 2 as markets weigh whether the gradual unwind of voluntary cuts finally pauses.
Oil Prices Jump as Hormuz Fears Return – Why Brent Rebound Matters
Brent rebounded into the mid-to-high $80s on July 29 as Hormuz risks returned; IEA data show only a partial June supply recovery from war disruptions.
India Approves Semicon Mission 2.0: Rs 1.27 Lakh Crore Push Explained
Cabinet clears Semicon Mission 2.0 with a Rs 1.27 lakh crore outlay, widening incentives from fabs to design, materials, packaging, R&D and talent.
IMF Cuts 2026 Global Growth to 3%: War Drag Meets AI Boom
The International Monetary Fund trimmed its 2026 global growth forecast to 3.0 percent in the July 2026 World Economic Outlook Update, down from 3.1 percent in the April WEO.
Fed Decision July 2026: Why Markets Expected a Hold — and What Comes Next
Markets priced a Fed hold at the July 28–29 FOMC meeting. Here’s the calendar, what a hold would mean, and what to watch next—labeled as expectations.
India GDP Q2 FY26: Why Real Growth Hit 8.2%
India’s real GDP grew 8.2% in Q2 FY26, MoSPI data show—a six-quarter high vs 5.6% a year earlier. Key numbers, sectors, and what is confirmed.
Amazon Corporate Layoffs: About 30,000 Roles Cut Since Late 2025
Amazon confirmed about 14,000 corporate cuts in October 2025 and about 16,000 more in January 2026. What the company said, how AI fits, and what filings show.
