Economic News Today – 14 August 2026 | Top Business & Financial News
Financial / Business News
Tata Trusts Miss AGM Quorum, Selection Committee Process Begins.
Tata Trusts failed to secure quorum for Tata Sons’ AGM, but resolved to begin setting up a selection committee for a new chairman, as Tata Group stocks fell as much as 4%.
Tata Motors PV Q1 Profit Plunges 80% on Weak JLR.
Tata Motors Passenger Vehicles’ quarterly net profit plunged 80% to ₹775 crore, dragged down by weak Jaguar Land Rover sales after a supplier fire disrupted production.
Parliament Passes Mines and Minerals Amendment Bill.
Parliament passed the Mines and Minerals Amendment Bill, curbing states’ powers to tax mineral-bearing land, with the government citing the need for a uniform mining tax framework.
MSCI Adds Lenskart, Groww, Adani Energy to India Index.
MSCI added Lenskart, Groww, Adani Energy Solutions and Laurus Labs to its India index while dropping Astral, Balkrishna Industries and SBI Cards, potentially drawing $600 million in inflows.
Bank of Baroda Raises $700M via Overseas Bonds.
State-run Bank of Baroda raised $700 million through three- and five-year overseas bonds, its first international bond sale in more than seven years.
Car Sales Hit All-Time July High, Up 34%.
India’s car sales rose 34% in July to an all-time high for the month, as improved affordability following last year’s GST rate cut kept boosting demand.
Long-Tenured Govt Bond Demand Rises as Corporate Debt Scarce.
Demand for long-tenured government bonds is rising as insurers and EPFO shift allocations there in the near-absence of similarly long corporate debt, pushing 15-year yields down to 6.98%.
CAG Flags ₹25,085 Crore in Tax Assessment Lapses.
India’s federal auditor flagged 1,902 cases of income-tax lapses worth ₹25,085 crore, citing incorrect tax rates, faulty assessments and failure to tax unexplained transactions.
Panel Seeks Penalties for Banks Hosting Mule Accounts.
A parliamentary panel urged a penal framework for banks hosting mule accounts and warned that government incentives cover only 11% of the UPI industry’s actual operating costs.
July Exports Rise 19.6% to $44.24 Billion.
India’s July goods exports rose 19.6% to $44.24 billion on strong engineering and electronics shipments, though the trade deficit widened to $31.98 billion as imports grew faster.
L&T Bags ₹10,000-15,000 Crore Order for India’s Largest AI Factory.
Larsen & Toubro secured a ₹10,000-15,000 crore order to build India’s largest single-cluster AI infrastructure facility, deploying Nvidia’s latest chips for US firm Together AI in Chennai.
Monsoon Session Logs Lowest Parliament Productivity in Years.
Parliament’s Monsoon Session recorded sharply lower productivity, with the Lok Sabha functioning for just 15% of its scheduled time and the Rajya Sabha for 33%.
Uber, Rapido’s India Merger Talks Collapsed in May.
Uber and Rapido held talks in May to merge their India ride-hailing operations, but the discussions collapsed after Rapido’s counterproposal effectively sought to acquire Uber’s local business.
Tamil Nadu Signs 97 MoUs Worth ₹67,542 Crore.
Tamil Nadu’s TVK government signed 97 investment agreements worth over ₹67,542 crore at its first major conclave, with potential to generate more than 100,000 jobs.
General News
Iran Claims Hormuz Control, Rejects Trump’s Claim.
Iran’s Basij chief declared the Strait of Hormuz under Iranian control, rejecting President Trump’s claim a day earlier of US “total control” over it.
Google Pulls AI Feature After Fake Disaster Scenes on Earth.
Google pulled a new AI image-generation feature from Google Earth within a day of launch, after users created realistic fake disaster scenes including a plane crashing into a Manhattan skyscraper.
Bengal Strips BJP MP of Award Over Netaji Remarks.
West Bengal withdrew its “Banga Bibhushan” award from BJP Rajya Sabha MP Nagendra Ray after he called freedom fighter Netaji Subhas Chandra Bose a “war criminal.”
RG Kar Case: Ex-Trinamool MLA Arrested in Odisha.
Police arrested former Trinamool MLA Nirmal Ghosh in Odisha over his alleged role in the hurried cremation of the doctor raped and murdered at Kolkata’s RG Kar hospital in 2024.
SC to Hear Plea Against Facial Recognition at Protest Sites.
India’s Supreme Court agreed to hear a CPI(M) MP’s plea challenging Delhi Police’s use of facial recognition and biometric surveillance on protesters at Jantar Mantar.
Assam Group Blocks Arunachal Over Border Firing.
A tribal group launched an economic blockade against Arunachal Pradesh after a border firing incident left 11 people injured, demanding arrests of those responsible.
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