_Markets closed today_
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📊 *ECONOMY & POLICY*
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🏦 *India-US Trade Deal Done — But Not Yet Live*
Framework finalised on Feb 6; both sides confirmed the broad contours. However, Commerce Minister Goyal said at the India Global Forum in London on Thursday that India will not sign until the US provides a legal guarantee of tariff advantage over Vietnam, Bangladesh, and other ASEAN rivals — critical for textiles, pharma, and engineering exporters.
The July 24 expiry of the US’s 10% temporary tariff is now the live countdown clock; if comparative advantage isn’t locked in before that date, the economics of the deal unravel for Indian exporters.
📎 _Read: Outlook India_
https://www.outlookindia.com/national/whats-holding-up-india-us-trade-deal-piyush-goyal-explains
⚡ *Govt Withdraws LPG Crisis Mandates; Commercial Supply Restored*
The Petroleum Ministry withdrew the supply maintenance and sectoral regulation orders it had imposed at the peak of the Hormuz crisis to protect LPG distribution. Restoration of commercial supplies signals that the immediate supply shock has passed.
Eases cost pressure on hospitality, F&B, and industrial consumers; also reduces the tail risk of LPG-led inflation feeding into CPI prints.
📎 _Read: The Hindu Business_
💰 *Amazon CEO Jassy Meets PM Modi; $48 Bn India Commitment Announced*
Amazon CEO Andy Jassy met PM Modi on June 25 and announced $48 billion in India investments from 2026–2030, including an incremental $13 billion for AWS data centre and AI infrastructure expansion in Mumbai and Hyderabad. Cumulative Amazon investment in India from 2010–2030 will exceed $88 billion.
The cloud and AI infra push will directly benefit India’s data centre real estate sector, hyperscaler supply chains, and domestic AI startup ecosystems; also signals US big-tech confidence in India ahead of a potential trade deal close.
📎 _Read: About Amazon India_
https://www.aboutamazon.in/news/company-news/andy-jassy-modi-amazon-investment-48-billion
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🌍 *GLOBAL & WORLD*
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🔥 *Iran IRGC Asserts Hormuz Route Control Despite MoU*
Iran’s IRGC Naval Force warned vessels transiting the Strait must use only officially designated Iranian routes, introducing fresh ambiguity despite the June 17 US-Iran ceasefire MoU. US government says commercial traffic is continuing, but shipping activity and tanker volumes remain below pre-war levels due to security concerns and reported mines.
With full Hormuz normalisation still weeks away, Indian OMCs face continued freight cost premiums on West Asia crude; LPG and LNG logistics are expected to stabilise before crude sourcing fully restarts.
📎 _Read: The Hindu Business_
💻 *Apple Products in India to Rise 15–20%; MacBook, iPad Already Hiked*
Apple has raised MacBook Pro and iPad prices in India by 20–42% citing a global memory chip shortage driven by AI data centre demand consuming DRAM supply. Broader iPhone price hikes of 15–20% are expected when the iPhone 18 cycle launches, per analyst estimates from IDC and Omdia.
Apple’s India volumes — ~14 million iPhones in 2025, a record 9% market share — face meaningful demand risk at these price points; Android mid-range OEMs (Samsung, Vivo) are positioned to gain market share.
📎 _Read: BusinessLine_
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_Compiled by Daily Business Briefs · 26 Jun 2026_