Daily Recap: Business — 30 June 2026

Business today spans caution, contingency and capital raising. Warren Buffett has reportedly put his usual multibillion-dollar gift to the Gates Foundation on hold, awaiting an external review of the foundation’s past links to Jeffrey Epstein, a reminder that governance questions can quickly reshape even long-standing philanthropic relationships. In India, policymakers extended zero customs duty on roughly 40 key petrochemical imports to July 15, trying to shield manufacturers from lingering West Asia-related supply disruptions. Corporate risk management was also on display in the U.S., where Ford recalled more than 741,000 vehicles over a transmission defect that could compromise the park system. At the same time, companies are positioning for the future: Coal India plans ₹1,900 crore in R&D by 2030 to improve productivity and lower emissions, while OYO parent Prism has revived its IPO push with a ₹6,650 crore fresh issue aimed largely at debt reduction.

Top Business stories

• Warren Buffett pauses Gates Foundation donations pending review of Epstein ties, WSJ reports (17 sources)
• India extends zero customs duty for 40 critical petrochemical imports until July 15 (10 sources)
• Ford recalls over 741,000 US vehicles due to transmission-related park system defect (8 sources)
• Coal India plans ₹1,900 crore R&D investment by FY2030 via NaCCER and IIT centres (7 sources)
• Prism, OYO parent, files updated papers for ₹6,650 crore fresh-share IPO (6 sources)
• Centre extends CBDT chairman Ravi Agrawal’s tenure by six months (6 sources)
• Kotak Mahindra to acquire Deutsche Bank’s India retail and wealth business (6 sources)
• Nestlé commits to remove artificial food colorings from all products by end-2026 (6 sources)

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