📰 India Business Brief: Top Headlines for July 24, 2026

Business Standard

• U.S. President Donald Trump has imposed a 10% tariff on Indian goods, part of a broader Section 301 action against 60 economies over forced labor concerns.
• Flipkart is set to enter the competitive online food delivery market with a pilot program launching in Bengaluru next month.
• Ashiss Dash has been named the next CEO of Infosys; he is slated to take over from current CEO Salil Parekh in April 2027.
• Nine months into next-gen GST reforms, the government reports a broader tax base and higher revenue despite lower overall rates.
• ITC is re-architecting its cigarette portfolio to mitigate the impact of recent tax hikes on its traditional products.
• Activist Sonam Wangchuk ended his hunger strike early Friday morning after receiving government assurances regarding the NEET paper-leak investigation.

Economic Times

• Infosys reported a 12.2% rise in Q1 net profit to ₹7,769 crore, though the company has cautiously trimmed its full-year growth outlook.
• IndiGo posted a Q1 loss of ₹382 crore, a result that surprised analysts given the airline's 20% growth in revenue during the same period.
• Sebi is planning to introduce a wider investment framework for portfolio managers to increase flexibility in the capital markets.
• HDFC Capital and Primus have partnered to launch a ₹2,000 crore platform dedicated to developing senior living projects across India.
• Pralhad Joshi announced that India’s clean power capacity is on track to cross the 300 GW milestone by the end of the fiscal year.
• The board of B9 Beverages and its investors have begun the search for buyers for founder Ankur Jain’s stake in the company.

Mint

• The U.S. Trade Representative confirmed that goods from 60 partners, including India and the EU, will face duties of 10% to 12.5% starting today.
• India and Indonesia are strengthening economic ties to create a buffer against global shocks, currency volatility, and supply chain disruptions.
• Tesla short sellers reportedly minted $4 billion in a single day as the EV maker's shares plummeted 15% following weak quarterly results.
• Samsung has officially expanded its foldable device lineup with the launch of the Galaxy Z Fold8 and Flip8, betting heavily on AI-driven user experiences.
• SBI Funds Management executives have seen significant wealth creation through ESOPs following the company’s recent successful listing.
• The Indian Rupee closed at 96.73 against the U.S. Dollar, reflecting continued pressure from rising crude oil prices and geopolitical tensions.

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