PRODUCT CLASSIFICATION
Chasing dues could get easier for small businesses under new rules, MSME Secy Bharat Khera explains
The number of enterprises in the formal ecosystem has increased from around 16.5 million three to four years ago to 92 million currently, said MSME Secretary.
Growth broadens across India Inc: What an 8-quarter earnings review reveals about sectors, risks and returns
ET Wealth presents an 8-quarter earnings assessment report of various sectors. The year-on-year net profit growth for 18 sectors is presented in the table. The significant variations in the earnings growth highlight the importance of sector diversification for managing risks and returns. By Sameer Bhardwaj.
From stock euphoria to panic: South Korea investors face painful market fallout
South Korea’s KOSPI has fallen about 30% from its June 19 peak as a retail-driven stock market boom fuelled by leveraged products turned into a sharp sell-off. The market fallout has left investors facing substantial losses, while raising concerns over financial-market reforms, retail leverage and South Korea’s ambitions to secure developed-market status.
Dabur, Ferns N Petals, Lotte India rectify labelling, advertising lapses after FSSAI notices
Food regulator FSSAI said Dabur India, Ferns N Petals, Lotte India and other food businesses have taken corrective measures after being flagged over labelling, product classification and advertising violations. The actions include revising product listings and labels, removing unsupported claims, updating promotional material and withdrawing non-compliant advertising.
Aurobindo Pharma’s Raleigh plant gets 'Voluntary Action Indicated' classification from US FDA
Aurobindo Pharma's US facility received a Voluntary Action Indicated classification. The US FDA closed its inspection of the Raleigh manufacturing plant. This classification allows applications for inhalers and other products to proceed. The inspection covered inhaler, dermatology, and transdermal product manufacturing operations. The company's regulatory filing confirmed the inspection closure and VAI status.
The nose theory: When the British measured the noses of Indians
British administrator Herbert Hope Risley used nose measurements and other physical traits to classify Indians by supposed race and caste. His theories influenced the 1901 Census and colonial governance but were later discredited as racial pseudoscience that oversimplified India’s complex social identities.
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Small, microcaps offer better alpha opportunities; midcaps look expensive: Equitree CIO Pawan Bharaddia
Indian equities may stay supported by a resilient domestic economy, but future returns are likely to depend more on earnings growth than valuation re-rating, says Pawan Bharaddia of Equitree Capital Advisors. He sees alpha opportunities in select small and microcaps, especially those with a ₹1,000–5,000 crore market cap, while largecaps offer better stability and earnings visibility.

US flags India as transshipment risk in new warning over Chinese goods
The United States has identified India as a potential conduit for Chinese goods evading tariffs. Exporters in over forty nations are accused of rerouting shipments to bypass US duties. Washington plans to intensify efforts to detect and penalize such disguised Chinese exports. This classification highlights varying degrees of transshipment risk within legitimate trade flows. The report could influence ongoing trade negotiations between the two nations.

Income tax for senior citizens: No salary after retirement? These 7 incomes can still attract tax; know what is exempt
Retirement is not synonymous with tax freedom. Your pensions, interest income, rental earnings, and capital gains may still incur taxes. It's crucial to identify which income streams are subject to taxation and which advantages remain untaxed to prevent errors and manage your finances wisely. Learn strategies to legally minimize your tax responsibilities after retirement and bolster your financial stability.

Post Chandrasekaran, the head that wears the Tata crown won't rest easy
As N. Chandras ekaran prepares to step down, Tata Sons faces a pivotal succession dilemma. The new chairman will take the reins of iconic brands including Air India and JLR, each laden with intricate challenges. TCS is set to embrace the advancing AI landscape while Tata Digital strives for profitable growth.

Nearly 30,000 pounds of beef recalled in Florida, Texas: Reason and affected products
Nearly thirty thousand pounds of raw beef from Argentina are being recalled in Florida and Texas. This recall is due to the products entering the United States without required federal reinspection. The affected beef, including top sirloin and eye round, was produced between May 15 and May 20, 2026. Consumers who purchased this beef should not eat it and should return it to the store.

L&T bags major offshore orders worth Rs 5,000-10,000 crore from ONGC for pipeline replacement
Larsen & Toubro has secured significant offshore orders from ONGC. These orders are valued between five thousand and ten thousand crore rupees. The projects involve pipeline replacement and well head platforms off India's west coast. L&T Energy Hydrocarbon Offshore will execute these critical engineering projects. This reaffirms L&T's role in developing India's energy infrastructure.

Scrutiny isn't suspicion: India accelerates flex-fuel vehicle push as ethanol blending surpasses targets
India has quietly advanced flex-fuel vehicle adoption and E85 fuel sales. Ethanol blending has significantly increased, exceeding initial targets ahead of schedule. This expansion opens a larger market for ethanol beyond simple fuel blending. Government estimates project substantial economic and environmental benefits from flex-fuel vehicle uptake. Public confidence will grow with independent verification of emission reduction claims.

Govt drafts customs playbook for 100 imports to streamline FTA benefits
The government is creating a customs playbook for key imported goods. This initiative aims to standardize the faceless customs regime across India. It will reduce disputes and speed up clearance times for businesses. The playbook will help companies utilize free trade agreement benefits effectively. This reform seeks to improve ease of doing business and trade efficiency.

NFO Insight: Edelweiss Nifty REITs & Realty Index Fund opens for subscription. Can its 60:40 REIT-realty mix deliver?
Edelweiss Mutual Fund has launched India's first REITs-oriented index fund. This new fund offers investors a unique 60:40 mix of REITs and realty stocks. It aims to provide diversified exposure to India's growing real estate market. Experts suggest it can be a satellite allocation for long-term investors. The fund seeks to balance income stability with capital growth potential.

Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM
India's economic landscape is on a promising trajectory, aiming to exceed five trillion dollars by the fiscal year twenty twenty-nine. To attain this ambitious goal, the government is implementing a comprehensive growth strategy that emphasizes advancements in agriculture, manufacturing, and infrastructure. Key initiatives, including Production Linked Incentives and support for MSMEs, play an essential role in enhancing the country’s growth outlook both now and in the future.

ET Prime Special Series: Multibagger or IBC - Part 69: Can new businesses bridge the gap before EVs reshape the core?
This old auto ancillary manufacturer has integrated plants, a long operating history, and stable group ownership. FY26 brought higher revenue, more exports, and a new source of engineering income. Yet the financial mix contains a warning. Profitability in the established business fell even as its revenue increased. The newer engineering activity accounted for a large part of segment profit, while a planned EV-linked business is at a nascent stage. The question: Can diversification become repeatable operating profit rather than an occasional boost?

L&T secures order from NTPC for 1,600 MW thermal power plant in Chhattisgarh
L&T Energy CarbonLite Solutions received a Limited Notice to Proceed from NTPC. This contract is for the main plant package of the 2x800 MW Lara Stage-III thermal power plant. The project involves constructing two ultra-supercritical generating units using advanced technology. L&T's scope includes design, manufacturing, and commissioning of key power plant components. This award signifies NTPC's continued trust in L&T's project execution capabilities.

Gold loan NPAs may rise as NBFCs shift to monthly installments, ICRA projects market growth
Gold loan NPAs may increase as lenders shift to monthly installments. The overall gold loan market is projected to grow over thirty percent. This expansion will take the market to thirty lakh crore by March 2028. NBFCs' market share is expected to rise to twenty-three percent by 2027-28. New players and banks entering the segment support this strong growth outlook.

India's Ahimsa indices mark beginning of a new era in ethical investing
Indian stock exchanges have launched new ethically-anchored indices. These indices align with indigenous values like ahimsa and saatvik principles. They offer investors a rules-based approach to ethical portfolio alignment. Companies gain credibility and attract ethically motivated capital through inclusion. This innovation reflects a growing global trend in values-based investing.

India’s industrial output quickens to 7.3% in June from 5.1% in May as manufacturing, electricity growth accelerates
India's industrial output marked a notable 7.3 percent growth in June 2026, fueled by a strong surge in manufacturing and an uptick in electricity provision. The mining sector enjoyed modest advancements, while water supply experienced more gradual improvements. Additionally, the revision of the IIP methodology to include Output PPI as a deflator enhances measurement precision and aligns with global practices.

You don't need to be an accountant. You just need to ask three questions
A loss can exist long before the accounts admit it, because management decides when to admit it. This story shows how that delay works, the tricks used to keep a failing investment looking healthy, and four real cases where auditors refused to accept the value on the books. Plain language, no accounting knowledge needed.

PPI vs WPI: What is Producer Price Index and why will it replace Wholesale Price Index in India?
India is phasing out the Wholesale Price Index for a new Producer Price Index. This shift aims to capture prices closer to the factory gate. Both indices will run in parallel for five years to allow business adjustments. Contracts currently referencing WPI will need recalibration during this transition. The government seeks to align with international practices and improve economic data.

Dollarama recalls Heavenly Spices garlic powder across Canada over bacterial contamination that can cause diarrhea and vomiting
Garlic powder recall: Dollarama's Heavenly Spices Garlic powder is recalled nationwide due to possible contamination. Bacillus cereus bacteria can cause foodborne illness, leading to vomiting or diarrhea. The Canadian Food Inspection Agency issued this Class 2 recall notice on July fifteenth. Consumers are advised not to use the affected garlic powder product.

RBI Deputy Governor Swaminathan J asks regulated entities to review internal grievance redressal processes
RBI Deputy Governor Swaminathan J stressed reviewing internal grievance redressal processes. He asked regulated entities to design complaint management systems carefully. These systems should prevent complaints from bypassing the Internal Ombudsman. Technology has transformed financial services and customer expectations significantly. Institutions must strive for faster and more transparent grievance resolution.

L&T bags orders worth Rs 10,000–Rs 15,000 cr in metals and minerals business
Larsen & Toubro's Metals & Minerals business secured multiple mega orders. These contracts are from leading domestic public and private sector companies. One order involves an 18-MTPA iron ore handling plant in Chhattisgarh. Another project expands a steel plant in West Bengal significantly. L&T also won an EPC order for a new zinc processing plant.

India Inc is returning to banks for money, but retail borrowers aren’t keeping pace
India’s largest private banks are witnessing a shift in credit demand, with corporate and SME lending driving loan growth while retail borrowing remains subdued. Stronger working capital demand, refinancing and business banking boosted advances, but slower consumer credit growth and weaker CASA ratios continue to weigh on banks’ funding mix and margins.

India-UK FTA unlikely to hurt domestic consumer brands, industry says
Domestic companies expect the India-UK trade pact to spur innovation and not create serious competition. The agreement reduces tariffs on many products, making British goods more affordable for consumers. Companies like Amul see advantages in local sourcing, mitigating import competition concerns. Retailers believe the pact will encourage quality enhancement and premiumisation among Indian manufacturers. The trade deal's impact on prices is expected to be gradual and measured over time.

Skill shortage could derail India's bio-input ambitions: Agriculture Commissioner
India's bio-input expansion faces a skilled workforce shortage. This gap requires urgent development of training programs for biological systems. The government must detail specific workforce needs and educational pathways. This initiative mirrors past AI skill development efforts. Such measures are crucial for India's natural farming ambitions.
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