Nasdaq Ends With Over 3% Gains As Chip Stocks Post Biggest Advance Since April 2025
INDIA MARKET | Fri, 31 Jul 2026, 2:12AM IST
Thursday's rally in chipmakers trimmed their July plunge to 21% which is still set to be the biggest monthly slide since 2008.
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Avaada gets 12,800-cr loan to fund projects in Gujarat and Maharashtra
INDIA BUSINESS | Fri, 31 Jul 2026, 2:06AM IST
Avaada Group secured 12,800 crore financing from three major lenders. This funding will support 2.15 GW of renewable energy projects in Gujarat and Maharashtra. These new projects will commence commercial operations starting March 2027. The financing covers hybrid renewable energy and solar capacity developments. The loans have an aggregate tenure of 21.5 years.
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Tata Steel Q1 net profit beats estimates; approves Rs 33,873 crore capex
INDIA MARKET | Fri, 31 Jul 2026, 2:05AM IST
Tata Steel's consolidated net profit increased nearly twelve percent year-on-year. This growth was primarily driven by a robust performance in its Indian market. The company also announced a substantial capital expenditure for capacity expansion. Consolidated total revenue for the June quarter rose more than fourteen percent. Global operating conditions remained complex, impacting overseas operations.
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Mahindra Last Mile turns unicorn with 322 cr raise
INDIA BUSINESS | Fri, 31 Jul 2026, 2:01AM IST
Mahindra Last Mile Mobility has achieved unicorn status after a recent funding round. The company secured approximately 322 crore, valuing it at 10,822 crore. Global investor Lightrock led this significant funding round for the company. Existing investors International Finance Corporation and India-Japan Fund also participated.
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2h
Mahindra Q1 net profit rises 34%, standalone earnings beat estimates
INDIA MARKET | Fri, 31 Jul 2026, 2:01AM IST
Mahindra & Mahindra announced a thirty-four percent profit increase for the fiscal first quarter. Robust demand for sport utility vehicles and tractors fueled this significant financial growth. Higher commodity costs, however, did impact the company's profit margins during this period. Group companies also provided strong financial contributions to the overall results. The company maintained its full-year financial guidance despite these challenges.
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Bosch Home to start AC exports from India in two years: CEO & President Jan Brockmann
INDIA BUSINESS | Fri, 31 Jul 2026, 1:45AM IST
Bosch Home Comfort Group will begin India exports within two years, aiming for global manufacturing. The company is investing eighty million dollars to expand its Indian manufacturing capacity significantly. India's stable geopolitical ties and strategic location make it a manufacturing hub for multiple regions. This fresh investment is Bosch's largest manufacturing commitment globally in recent times.
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3h
US stocks: Amazon beats estimates for quarterly cloud revenue growth
INDIA MARKET | Fri, 31 Jul 2026, 1:43AM IST
Amazon Web Services cloud revenue surged significantly, surpassing market forecasts. This strong performance was fueled by increased enterprise artificial intelligence spending. Rivals Microsoft and Alphabet's Google also reported solid cloud revenue growth. Amazon's e-commerce business saw increased activity during its Prime Day event. The company's investments in AI infrastructure are now showing clear returns.
Continue reading at Economic Times
3h
Maharashtra FDA trains guns on overpriced drugs
INDIA BUSINESS | Fri, 31 Jul 2026, 1:42AM IST
Maharashtra FDA plans to approach the NPPA regarding exorbitant drug prices. The agency is examining data and will take action against unethical pricing practices. Hospitals are now complying with orders to allow patients to buy medicines from any pharmacy. Drug manufacturing units will face stricter audits and adherence to WHO standards. The FDA aims to create a culture of compliance and ensure safe food and medicines.
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3h
Tata Power buys Karnataka-based transmission co
INDIA BUSINESS | Fri, 31 Jul 2026, 1:40AM IST
Tata Power Company has completed acquiring Ryapte Power Transmission Limited. This acquisition involved a full 100% equity stake in the special purpose vehicle. The transaction was an all-cash deal for the transmission project. Tata Power paid 10.87 crore to secure complete ownership.
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3h
Tata Steel Q1 net up 12% on India performance
INDIA BUSINESS | Fri, 31 Jul 2026, 1:36AM IST
Tata Steel's net profit rose nearly twelve percent year-on-year for the June quarter. The company announced a substantial capital expenditure of over thirty-three thousand crore rupees for NINL. Indian operations saw profits surge more than thirty-five percent, driving overall company performance. Consolidated revenue increased more than fourteen percent, and EBITDA saw a significant rise.
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3h
State insurers quote low premiums to win NPCIL nuke insurance cover
INDIA BUSINESS | Fri, 31 Jul 2026, 1:33AM IST
Nuclear Power Corp of India (NPCIL) had budgeted Rs 30.13 crore, including taxes, for insuring Tarapur units 3 and 4 under a one-year property damage programme, said sources. The reverse auction for covering the risk, however, saw bids fall dramatically, with Oriental Insurance quoting Rs 10 crore, United India Insurance Rs 10.98 crore, and New India Assurance Rs 28.9 crore, they added.
Continue reading at Economic Times
3h
IndianOil set for board revamp as govt proposes four MD positions
INDIA BUSINESS | Fri, 31 Jul 2026, 1:33AM IST
The government plans to restructure Indian Oil Corporation's board. Four managing director positions will replace the current structure. Functional directors will be reduced to five from eight. This change aims to streamline operations and accelerate innovation. The proposal awaits approval from the Appointments Committee of the Cabinet.
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3h
US stocks: US market ends sharply higher, lifted by soaring Microsoft
INDIA MARKET | Fri, 31 Jul 2026, 1:31AM IST
Wall Street surged on Thursday, led by chip stocks and Microsoft's strong forecast. Microsoft's forecast eased investor concerns about massive artificial intelligence infrastructure spending. Other tech giants like Alphabet and Meta faced pressure from significant AI investment costs. The PHLX chip index saw substantial gains, with several companies reporting increases. Economic data showed slower growth and moderating inflation, while bond yields remained elevated.
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3h
Vedanta bets on Hind Zinc for next phase of growth
INDIA BUSINESS | Fri, 31 Jul 2026, 1:29AM IST
Vedanta expects substantial growth in the next five to six years. Hindustan Zinc's expansion and critical mineral acquisitions will drive this growth. The company plans significant capital expenditure for capacity expansion this fiscal. Vedanta reported a strong profit jump of 152% in the June quarter. Revenue and EBITDA also saw considerable year-on-year increases.
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3h
DoT, Madhya Pradesh sign MoU for telecom manufacturing zone in Gwalior
INDIA BUSINESS | Fri, 31 Jul 2026, 1:27AM IST
The Department of Telecommunications and Madhya Pradesh government signed an agreement for a new manufacturing zone. This Gwalior facility will attract over 3,500 crore in initial investments from fourteen manufacturers. The government expects 10,000-12,000 crore more investment in the project's first phase. The zone offers substantial incentives including land and capital subsidies for businesses.
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3h
Piramal Pharma to focus on policy, not Trump tariff tweets: Nandini Piramal
INDIA BUSINESS | Fri, 31 Jul 2026, 1:24AM IST
Piramal Pharma will focus on policy actions amid tariff concerns. Its global manufacturing network offers a significant advantage. The company sees strong opportunities in the contract development and manufacturing segment. Piramal Pharma plans to expand existing businesses rather than acquire new ones. Macroeconomic uncertainty and rising interest rates pose potential risks.
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3h
Mid-tier private banks rake in more low-cost deposits
INDIA BUSINESS | Fri, 31 Jul 2026, 1:24AM IST
"Our Casa was only 10% initially. For the first three or four years of taking over management of this bank, we slowed down the loan book and focused on building the Casa ratio to 50%," V Vaidyanathan, MD and CEO, IDFC First Bank, told ET in an interview. "If we had kept growing the loan book, we could never have addressed structural issues like this. I believe in playing the long game in every format."
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3h
US stocks: Microsoft adds $485 billion to investors' wealth as shares rise 16%. Check why
INDIA NEWS | Fri, 31 Jul 2026, 1:18AM IST
Microsoft's shares soared more than 15% on Thursday, putting the company on track for a record one-day gain in market value after it said it expects to keep generating cash through its new fiscal year and forecast cloud growth above Wall Street expectations.The software giant reportedly added more than $485 billion to its market value to reach $3.35 trillion, surpassing chip giant Nvidia's previous one-day record of $441 billion on April 9, 2025, according to LSEG data."Microsoft reported a very strong quarter and it struck the tone markets are looking to hear as the key drivers of growth came from the cloud and AI divisions," said Brian Mulberry, chief market strategist at Zacks Investment Management.The company has lagged some of its "Magnificent Seven" peers this year; its stock was down more than 18%, up to Wednesday's close.At least nine brokerages raised the target price on the stock, with the mean target now $560.90.The results offered fresh evidence that Microsoft's massive AI investments are beginning to pay off, helping ease investor concerns that heavy spending on data centers and computing infrastructure could outpace demand.The company said its spending plans remain unchanged and that it expects capital expenditures of $50 billion for the fiscal first quarter of 2027 and $175 billion for the 2026 calendar year.In its first quarter, Microsoft expects a 45% growth on a constant currency basis for its Azure cloud computing unit, well above analyst estimates of 40.92%, according to data from Visible Alpha."The key question was whether it could shift the conversation from how much it is spending on AI to what it is earning from those investments, and the results suggested meaningful progress," Direxion's head of capital markets, Jake Behan, said.
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3h
US stocks: Microsoft adds $485 billion to investors' wealth as shares rise 15%. Check why
INDIA MARKET | Fri, 31 Jul 2026, 1:18AM IST
Microsoft shares experienced a significant surge on Thursday. The company anticipates continued cash generation through its new fiscal year. Cloud growth is projected to exceed Wall Street's expectations.
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3h
Goldman Sachs Asset Management launches AI investment platform: Report
INDIA MARKET | Fri, 31 Jul 2026, 12:55AM IST
Goldman Sachs Asset Management has launched AlphaAI, an artificial intelligence investment platform. Lou D'Ambrosio will lead this new platform as chairman of Artificial Intelligence. This platform aims to generate returns from the rapidly evolving AI technology space.
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4h
INDIA BUSINESS | Fri, 31 Jul 2026, 12:49AM IST
Torrent Pharma aims to become a top three Indian drug maker. The company is transitioning from generics to drug innovation for growth. Aman Mehta leads the firm with an ambitious future vision. He spearheaded a significant acquisition and focuses on weightloss drugs. Mehta emphasizes making the right strategic decisions for success.
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4h
Farm-to-fork food safety fix on Niti Aayog menu; Wider testing, stricter enforcement planned
INDIA BUSINESS | Fri, 31 Jul 2026, 12:31AM IST
India is preparing a sweeping overhaul of its food safety framework. Measures include farm-to-fork tracking and expanded testing infrastructure. Tougher enforcement and compliance incentives will improve food quality across the supply chain. Global best practices are being examined for adaptation to strengthen standards. This initiative aims to significantly reduce food-borne diseases and improve public health.
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4h
Tata Digital's financial services chief Gaurav Hazrati exits amid revamp
INDIA BUSINESS | Fri, 31 Jul 2026, 12:17AM IST
Hazrati's departure comes as Tata Digital sharpens its focus on financial services and loyalty, while new CEO Sajith Sivanandan continues to reshape the leadership team
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India targets 5 per cent global toy share
INDIA BUSINESS | Fri, 31 Jul 2026, 12:13AM IST
In its roadmap to increase the share of the Indian toy sector, the Department for Promotion of Industry and Internal Trade (DPIIT) has zeroed in on construction toys, stories based on Indian heroes and innovators, traditional themes, AI-assisted toys and smart learning products as the ten emerging areas of growth.
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4h
Stock markets end higher led by blue-chip buying, foreign fund inflows
INDIA MARKET | Fri, 31 Jul 2026, 12:02AM IST
Benchmark equity indices Sensex and Nifty ended higher on Thursday, driven by a rally in blue-chip stocks Reliance Industries, HDFC Bank and foreign fund inflows.
In a volatile session, the 30-share BSE Sensex ended 273.55 points, or 0.35 per cent, higher at 77,928.15, helped by fag-end buying. During the day, it hit a high of 78,007.09 and a low of 77,440.91, gyrating 566.18 points.
The 50-share NSE Nifty advanced by 66.95 points, or 0.28 per cent, to end at 24,317.15.
From the Sensex pack, Maruti Suzuki, Mahindra & Mahindra, Reliance Industries, State Bank of India, HDFC Bank and Power Grid were among the major winners.
Adani Ports, InterGlobe Aviation, Bajaj Finserv and Bharat Electronics were among the laggards.
Foreign Institutional Investors (FIIs) bought equities worth Rs 2,981.87 crore on Wednesday, according to exchange data.
"The Fed's decision to maintain the status quo on rates was largely anticipated, but hawkishness remained due to continued emphasis on inflation ..
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