Trump Administration Issues $100B Duty Refunds: US Reimburses 60% of Importers Following Tariff Invalidations
Good morning, it’s 7th August, 2026, and here’s your headstart to the day’s most important update.
Top Domestic News
Cabinet: Approves ₹23,731 Cr GOBARdhan scheme to boost compressed bio-gas production as alternative to LNG imports. Read
Data Centres: Google’s $15 billion data centre project in Andhra Pradesh faces legal hurdles over water-use and wildlife concerns. Read
Infrastructure: Guwahati–Tezpur highway corridor secures ₹8,970 Cr investment to boost connectivity and ease logistics. Read
Digital Payments: Lok Sabha Passes Bill To Allow Charges On UPI, Other Digital Payments. Read
Positive
LIC: Net profit rises 23% YoY to ₹13,492 Cr, driven by 61% growth in VNB in Q1FY27. Read
Trent: Q1FY27 profit climbs 26% YoY, with revenue reaching ₹5,666 Cr on continued store expansion. Read
Shipping Corp: Profit jumps 75% YoY to ₹619 Cr as margins expand sharply and revenue crosses ₹1,800 Cr in Q1FY27. Read
Negative
Blue Star: Net profit falls 15% YoY to ₹103 Cr as margins contract, despite revenue rising 13.2% YoY to ₹3,378 Cr in Q1FY27. Read
Britannia: Q1FY27 profit misses estimates as higher input and freight costs weigh on margins, despite revenue rising 8% YoY to ₹5,000 Cr. Read
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Source: Trading Economics & Yahoo Finance
(Note: For bond yields, percentage changes refer to change in yield levels, not total return or price appreciation)
Top Global News
US Tariffs: Trump administration refunds $100 billion in invalidated tariffs, reimbursing 60% of importers by July. Read
Ukraine: Targets the Slavneft-YANOS refinery in a long-range drone attack, disrupting energy supplies. Read
Iran: Threatens to strike Gulf states if the US launches fresh military attacks. Read
Daily FII/ DII - Previous 20 Sessions
FII/DII - Historic Data
Source: Trendlyne
IPOs This Week
Startup Talks
Homerun: Secures $12 million in Series A+ funding led by Nexus Venture Partners to expand its delivery footprint. Read
Solinas Integrity: IITM-incubated deeptech startup raises $5.5 million for robotics and AI systems inspecting water and wastewater infrastructure. Read
Other News
Air India: Appoints Tewolde Gebremariam as CEO to strengthen operations and accelerate global expansion. Read
Now over to you! What was your biggest takeaway? Let’s discuss in the comments.
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