💹 *Daily Business Briefs | Tuesday, 14 Jul 2026*

_Markets open — Q1 earnings season in full swing_

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📊 *ECONOMY & POLICY*

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🏦 *June CPI breaches 4% target, hits 17-month high*

Retail inflation rose to 4.38% in June from 3.93% in May, with food inflation jumping to 5.32% on a steep 42.8% monsoon rainfall deficit — the worst early-season shortfall in a decade.

RBI has already raised its FY27 inflation forecast to 5.1%; MPC next meets Aug 3–5, and a hike now looks more likely than a cut.

📎 _Read: Business Standard_

https://www.business-standard.com/economy/news/june-retail-inflation-marginally-rises-to-4-38-food-inflation-at-5-32-126071300742_1.html

📎 _Read: Forbes India_

https://www.forbesindia.com/article/news/retail-inflation-climbs-to-six-month-high-as-food-prices-surge/2995847/1

🤝 *India, Canada wrap third round of CEPA trade talks*

Both sides are targeting $50 billion in bilateral trade by 2030, with India’s telecom, IT and business-services exports central to the proposed pact.

A services-heavy deal here would complement the India-UK FTA taking effect this week.

📎 _Read: NDTV Profit_

https://www.ndtvprofit.com/economy/india-canada-fta-third-round-of-cepa-talks-concluded-on-proposed-trade-pact-11760623#publisher=newsstand

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🏢 *COMPANIES*

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💻 *HCLTech Q1 profit jumps 20% to ₹4,624 cr*

Revenue rose 13.9% YoY to ₹34,579 cr, beating Street estimates, with Advanced AI revenue up 62% YoY and new bookings at $2.4 bn.

Company will invest ₹3,500 cr in an AI data centre (up to 50 MW), following TCS’s lead; ₹12/share interim dividend declared, record date July 17.

📎 _Read: Business Standard_

https://www.business-standard.com/companies/quarterly-results/hcltech-q1-profit-up-over-20-retains-fy27-revenue-growth-guidance-126071301007_1.html

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🌍 *GLOBAL & WORLD*

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🔥 *Trump reimposes Hormuz blockade on Iran, vows more strikes*

US will resume blockading Iranian ports from July 14, 4pm ET, targeting only Iran and its trading partners while keeping the strait open to everyone else; CENTCOM began a third consecutive night of strikes.

Trump also floated a 20% fee on cargo transiting the strait — a direct line to crude and shipping costs for India.

📎 _Read: Business Standard_

https://www.business-standard.com/world-news/hormuz-blockade-only-for-iran-and-anybody-doing-business-with-them-trump-126071400078_1.html

🔥 *Iran widens Gulf attacks; Qatar halts maritime traffic*

Iran’s missile and drone offensive expanded to Gulf states after fresh US strikes, prompting Qatar to suspend commercial and recreational vessel movement.

Supply-chain and crude-price risk continues to build alongside the blockade news above — a live headwind for OMC margins and the CAD.

📎 _Read: NDTV Profit_

https://www.ndtvprofit.com/world/qatar-halts-maritime-operations-after-iran-missile-strikes-as-gulf-tensions-surge-11761133#publisher=newsstand

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_Compiled by InvestoScope · 14 Jul 2026_