_Markets open today_
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📊 *ECONOMY & POLICY*
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🤝 *US slaps 10% tariff on India over forced labour*
USTR finalised Section 301 duties on 60 countries just before Friday’s deadline, setting India’s rate at 10%, down from an earlier-proposed 12.5%.
Fresh layer of trade uncertainty for exporters — watch textiles and gems for stacking with existing duties.
📎 _Read: PTI (via Edinburg Post)_
💰 *Govt opens FDI for export-only inventory e-commerce*
DPIIT now permits foreign-owned inventory-based e-commerce (Amazon, Flipkart) — but only for exporting India-made goods, not domestic sales.
A meaningful opening for e-comm-linked manufacturers eyeing global reach; critics see it as a stepping stone to full liberalisation.
📎 _Read: Business Standard_
🏦 *Bank credit-deposit ratio hits 62-year high of 82.6%*
Loans outpaced deposits by the widest margin in years in Q1FY27, tightening lenders’ funding cushion.
Watch bank funding costs and deposit-rate competition intensify through the rest of FY27.
📎 _Read: The Hindu Business_
💡 *Auto parts industry seen growing 10% CAGR to FY30*
Goldman Sachs expects Indian auto-component revenue to rise from $85.6bn to $124.4bn by FY30, on EV, defence and semiconductor diversification.
A structural re-rating case for auto ancillaries beyond their traditional cyclical tag.
📎 _Read: ANI_
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🏢 *COMPANIES*
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💰 *Infosys names Ashiss Kumar Dash CEO-designate*
The 30-year company veteran succeeds Salil Parekh as MD & CEO from April 1, 2027, alongside Infosys’s 12% Q1 profit growth.
Leadership continuity from an insider should reassure investors amid weak IT discretionary spending.
📎 _Read: The Hindu Business_
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🌍 *GLOBAL & WORLD*
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🔥 *Brent crude holds above $100 as Houthi attacks widen*
Strikes on Saudi tankers in the Red Sea have escalated alongside the resumed US-Iran conflict, keeping oil above the century mark.
Directly pressures India’s import bill, rupee and inflation outlook if sustained.
📎 _Read: NDTV Profit_
🤝 *Trump imposes double-digit tariffs on dozens of countries*
Washington replaced expiring temporary levies with fresh 10–12.5% duties on 60 nations (99% of US imports), tied to forced-labour enforcement, just ahead of Friday’s cutoff.
Watch for follow-on Section 301 actions still probing 70% of US imports.
📎 _Read: France 24_
📉 *Nasdaq plunges 2% as Big Tech earnings spook AI investors*
Tesla crashed 14% and Alphabet fell 6% on weak earnings and AI-spending worries, while oil above $100 lifted bond yields.
Sets a cautious tone for Indian IT names ahead of Amazon/Microsoft/Meta results still due this week.
📎 _Read: Economic Times_
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_Compiled by InvestoScope · 24 Jul 2026_