Elon Musk Rejects Report Claiming Tesla China Split As SpaceX Merger Speculation
INDIA MARKET | Fri, 31 Jul 2026, 8:42PM IST
His comments came after The Wall Street Journal reported that Tesla executives had been asked to prepare options for restructuring the company's China operations amid discussions about a possible integration with SpaceX.
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Indian Oil raises $500 million under RBI's concessional forex swap window, eyes more borrowing
INDIA BUSINESS | Fri, 31 Jul 2026, 8:38PM IST
Indian Oil Corporation secured five hundred million dollars through a special Reserve Bank of India swap facility. This concessional forex swap encourages state-run companies to increase dollar inflows into India. The company raised these funds via a five-year external commercial borrowing last week. Indian Oil's borrowings increased significantly for selling fuels below market rates. The refiner maintains sufficient crude oil reserves for forty-five days.
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Eric Trump-backed defence technology company Space-Eyes to go public in $638 million SPAC deal
INDIA MARKET | Fri, 31 Jul 2026, 8:37PM IST
Space-Eyes, a leader in defense technology, has announced its merger with McKinley Acquisition Corp. In a move to enhance strategic oversight, Eric Trump will join as a strategic adviser. The new entity will focus on AI-enhanced counter-drone technology and geospatial intelligence, aiming to elevate global operations and government partnerships. This significant merger values the enterprise at a whopping six hundred thirty-eight million dollars.
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ITR Filing 2026: WazirX Launches Tool For Instant Crypto Tax Reporting Ahead Of Deadline
INDIA MARKET | Fri, 31 Jul 2026, 8:36PM IST
Many cryptocurrency investors still spend hours manually reconciling transactions across various exchanges.
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Federal Realty raises annual core profit forecast on strong leasing demand
INDIA MARKET | Fri, 31 Jul 2026, 8:33PM IST
Federal Realty Investment Trust has upped its annual core profit outlook following impressive second-quarter results that exceeded expectations. The surge in leasing demand and significant rent increases drove these favorable financial results. Additionally, the trust's core funds from operations saw a notable rise, and an increase in portfolio occupancy underscored the continued interest from tenants.
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Apple Shares Plummet Over 9% As Weak Forecast Spooks Investors
INDIA MARKET | Fri, 31 Jul 2026, 8:33PM IST
Apple shares tumble as weak outlook overshadows strong iPhone sales and earnings beat.
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Sebi extends deadline till Oct-end to complete digital accessibility audits, resolve platform issues
INDIA MARKET | Fri, 31 Jul 2026, 8:31PM IST
Sebi has announced an extension for regulated entities to complete their digital accessibility audits, moving the deadline to October 31, 2026. This extension replaces the previous date of April 30, and provides additional time for remediation until July 31. The decision comes in response to industry calls for more time to ensure compliance with laws supporting individuals with disabilities, promoting inclusivity in financial services.
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Accenture To Buy Out IBM's Stake In UniCredit Tech JV In Cloud And AI Shift
INDIA MARKET | Fri, 31 Jul 2026, 8:30PM IST
The transformation is expected to enable faster innovation, improve operational efficiency and support the responsible scaling of artificial intelligence across the banking group.
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Sebi clarifies off-market sale of unlisted shares to up to 200 buyers not a public issue
INDIA MARKET | Fri, 31 Jul 2026, 8:30PM IST
Sebi has stated that off-market transactions involving share sales are distinct from public issues, particularly when current shareholders opt to sell unlisted equity shares privately. A limit of two hundred purchasers per financial year must be adhered to. This clarification was specifically made in response to IDBI Bank's proposed divestment strategies, confirming that such actions are allowed as secondary transactions by existing shareholders.
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Moody upgrades JSW Steel to global investment grade Baa3
INDIA BUSINESS | Fri, 31 Jul 2026, 8:29PM IST
This rating is a recognition of the strength and resilience of JSW Steels business - our scale as Indias largest steel producer, our cost-competitive operations across multiple locations, and the quality of assets we have built over the years, said Jayant Acharya, joint managing director and chief executive at JSW Steel.
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Moody's upgrades JSW Steel to Baa3 rating
INDIA NEWS | Fri, 31 Jul 2026, 8:29PM IST
MUMBAI: Moodys Ratings has upgraded JSW Steel to Baa3 with a stable outlook, placing it at a global investment grade, the countrys largest steelmaker said. The rating agency also upgraded JSW Steels senior unsecured ratings and guaranteed senior unsecured revenue bonds issued by Jefferson County Port Authority to Baa3 from Ba1, withdrawing its earlier Ba1 corporate family rating.This rating is a recognition of the strength and resilience of JSW Steels business - our scale as Indias largest steel producer, our cost-competitive operations across multiple locations, and the quality of assets we have built over the years, said Jayant Acharya, joint managing director and chief executive at JSW Steel.Global investment grade strengthens our access to international capital markets on more competitive terms. It also affirms the confidence that customers, partners and investors worldwide place in JSW Steel, he said.The Baa3 rating by Moodys follows other re-ratings secured by JSW Steel recently. Earlier in July, Fitch upgraded the company to BB+ from BB, while CARE Ratings upgraded it to CARE AA+ from CARE AA. ICRA also upgraded the company to AA+ from AA. JSW Steel said this marks a comprehensive endorsement of its deleveraging and financial discipline.This rating is a validation of the discipline this organisation has practiced through a full business cycle, not just of the numbers on our balance sheet, said Swayam Saurabh, chief financial officer. Over the last few years, we made a conscious shift towards sharper capital allocation being more selective about where we deploy capital, more deliberate about the pace of our growth while managing key financial ratios across cycles.JSW Steels consolidated net debt fell to Rs 46,157 crore at the end of June from Rs 53,870 crore a quarter ago. Its net debt-to-equity ratio stood at 0.42 times at the end of June, improving from 0.51 times at the end of March. Net-debt-to- EBITDA ratio stood at 1.46 times, down from 1.81 times.
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Sebi penalises SME firm Kalahridhaan Trendz, promoters for misleading disclosures
INDIA MARKET | Fri, 31 Jul 2026, 8:29PM IST
Kalahridhaan Trendz has been penalized by Sebi with a fine of Rs 1 crore for hiding a loan default and giving deceptive corporate announcements about export orders. The involved directors, Niranjan D Agarwal and Aditya N Agarwal, faced market bans, and Sunitadevi Niranjan Agarwal received a one-year exclusion from securities markets. Additionally, the NSE has been instructed to consider measures, including potential delisting.
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Mumbai Sees Property Boom As July Registrations Hit Highest In Over A Decade
INDIA MARKET | Fri, 31 Jul 2026, 8:22PM IST
Mumbai city at night from 40th floor
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Flipkart Introduces Free Netflix Mobile Plan For Plus Members From August 1
INDIA MARKET | Fri, 31 Jul 2026, 8:14PM IST
The e-commerce giant has partnered with Netflix to offer the streaming benefit as part of its loyalty programme, allowing users to enjoy Netflix without paying separately for a subscription or recharge.
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Aditya Birla Capital posts 40% rise in Q1 profit, raises 4,000 crore
INDIA BUSINESS | Fri, 31 Jul 2026, 8:11PM IST
The financial services group reported broad-based growth across lending, asset management and insurance businesses, with most fresh capital earmarked for NBFC expansion
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Bajaj Finserv enters reinsurance; third private player in one year
INDIA BUSINESS | Fri, 31 Jul 2026, 8:10PM IST
The board approved Bajaj Finserv's entry into reinsurance, subject to Irdai approval, as competition intensifies in a market long dominated by GIC Re
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INDIA MARKET | Fri, 31 Jul 2026, 8:07PM IST
Neeraj Chopra headlines a star-studded men's javelin throw final at the Commonwealth Games 2026 in Glasgow.
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Adani plans 1.5 trillion investment in Odisha nuclear power projects
INDIA BUSINESS | Fri, 31 Jul 2026, 8:05PM IST
The group has proposed two nuclear power plants, a thermal power station and pumped storage projects, with the plan to undergo detailed scrutiny before any approval
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Gail Q1 net profit jumps 96% to 4,670 crore on transmission gains
INDIA BUSINESS | Fri, 31 Jul 2026, 8:02PM IST
State-run gas utility reports strong first-quarter earnings driven by higher gas transmission volumes and margins despite lower gas marketing and polymer volumes
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Industrial credit growth triples to 19.2% in June on broad-based rise
INDIA BUSINESS | Fri, 31 Jul 2026, 8:00PM IST
Industrial lending gathered pace across micro, small, medium and large enterprises as non-food bank credit, services, agriculture and retail loans also recorded stronger growth
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1h
Cabinet approves 84,084 crore Samudra Manthan offshore exploration scheme
INDIA MARKET | Fri, 31 Jul 2026, 8:00PM IST
The National Offshore Exploration Scheme aims to boost domestic oil and gas production through seismic surveys, deepwater drilling and shared offshore infrastructure
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1h
Q1 Earnings, Rupee Near 96, Anti-Paper Leak Bill, And More The Week That Was
INDIA MARKET | Fri, 31 Jul 2026, 8:00PM IST
As the month draws to a close, several high-stakes developments kept the week buzzing for the economy and domestic market.
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1h
Irdai tightens intermediary rules, eases insurers' investment norms
INDIA BUSINESS | Fri, 31 Jul 2026, 7:56PM IST
The regulator has mandated greater sales traceability and disclosures for intermediaries while allowing insurers more flexibility in investment across select asset classes
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Amazon Shares Rocket 14% As JPMorgan's New Target Price Forecasts Record High Surge
INDIA MARKET | Fri, 31 Jul 2026, 7:49PM IST
Amazon jumps 14% after earnings as JPMorgan lifts target price to $365 on AI optimism.
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1h
Mumbai records best-ever July property registrations, stamp duty collections
INDIA BUSINESS | Fri, 31 Jul 2026, 7:45PM IST
Mumbai's property market achieved its best-ever July performance with strong housing demand. The city recorded its highest-ever property registrations and stamp duty collections for July. This sustained buyer confidence reflects resilient end-user demand and enduring confidence in homeownership. Infrastructure upgrades and improved connectivity continue to support residential demand across micro-markets. Industry experts anticipate healthy transaction activity supported by new housing supply and redevelopment.
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1h
Auto components player Kay Jay Forgings, power infra EPC Polite Powertech get Sebi nod for IPOs
INDIA MARKET | Fri, 31 Jul 2026, 7:45PM IST
Kay Jay Forgings and Polite Powertech have secured Sebi approval to launch their IPOs. Kay Jay plans to raise Rs 300 crore through a fresh issue along with a Rs 60 crore offer for sale, while Polite Powertech aims to fund working capital and business expansion through its public issue.
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1h
Chelsea fined 10 million for FA rule breaches
INDIA NEWS | Fri, 31 Jul 2026, 7:44PM IST
Chelsea have been fined 10 million ($13.41 million) by the English FA after admitting to multiple historical breaches of regulations, the governing body said on Friday.The breaches were self-reported by Chelsea following its takeover by U.S. investor Todd Boehly and private equity firm Clearlake Capital in May 2022.The Premier League club avoided a points deduction after successfully appealing part of the original punishment. However, Chelsea will face a suspended two-window registration ban through to June 30, 2027.After reviewing the case, an independent Regulatory Commission initially imposed a suspended six-point deduction, but that sanction was later set aside on appeal."Chelsea FC admitted to 74 breaches of FA Rule E1.2 prior to a hearing and an independent Regulatory Commission imposed a six-point deduction, which was to be suspended until 30 June 2027, and a 10 million fine," the FA said in a statement."The club appealed against the suspended points deduction and an independent Appeal Board allowed the appeal and set aside this sanction following a further hearing."Rule breaches included of regulations relating to third-party investments and on working with intermediaries, among others.The 10 million fine was not subject to appeal, with the FA adding that the full amount will be directed towards grassroots football initiatives."In 2022, the club self-reported potential historical rule breaches to all applicable regulators," Chelsea said in a statement."Following that report, it has worked openly and transparently with all regulators, including voluntarily and proactively disclosing many thousands of documents."The latest sanction follows other financial penalties imposed on Chelsea for historical regulatory violations.In March, the club was fined a record 10.75 million for breaches of the Premier League regulations.Chelsea were also handed a one-year first-team transfer ban, suspended for two years, along with an immediate nine-month ban on academy player transfers.($1 = 0.7457 pounds)
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Lemonn Reports Over 800% Revenue Growth In May As Retail Investing Gains Momentum
INDIA MARKET | Fri, 31 Jul 2026, 7:36PM IST
Retail order volumes jumped 9.08 times to 27.71 lakh orders from 3.05 lakh a year earlier, while the number of active retail traders rose 5.14 times to 24,309 from 4,722.
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1h
TRACES Portal 'Outage' Sparks Panic Ahead Of ITR Deadline; Taxpayers Want Last Date Pushed
INDIA MARKET | Fri, 31 Jul 2026, 7:36PM IST
TRACES outage on ITR deadline day
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Glenmark Pharma Q1 Results: Profit Rises Exponentially To Rs 483 Crore; Revenue Jumps 23%
INDIA MARKET | Fri, 31 Jul 2026, 7:29PM IST
Glenmark Pharmaceuticals posted strong Q1 results with 23% revenue growth, higher margins and a sharp rise in profit.
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1h
Maruti Suzuki bets big on alternative fuel with Rs 561 crore CBG push; sees margin recovery ahead
INDIA BUSINESS | Fri, 31 Jul 2026, 7:23PM IST
Maruti Suzuki India is investing 561 crore in four compressed biogas manufacturing projects. Higher raw material costs, aggravated by global conflicts, impacted quarterly profitability. The company's new Kharkhoda plant drove significant sales growth and improved market share. Net sales rose substantially, but net profit declined due to increased input expenses. Maruti Suzuki expects margins to recover as input costs ease in coming quarters.
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1h
INDIA BUSINESS | Fri, 31 Jul 2026, 7:23PM IST
Maruti Suzuki is investing Rs 561 crore in four compressed biogas manufacturing projects. This move supports India's transition to cleaner mobility and reduces fuel imports. The company's first-quarter profitability declined due to higher raw material costs. Despite this, vehicle sales increased significantly, aided by a new manufacturing plant. Maruti Suzuki's net sales rose, but net profit saw a decline.
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1h
Vikran Engineering bags GIS substation work order from PowerGrid
INDIA MARKET | Fri, 31 Jul 2026, 7:16PM IST
Vikran Engineering has secured a new order aggregating approximately Rs 120.69 crore exclusive of GST from Power Grid Corporation of India (POWERGRID) for the 400 kV GIS Substation Package SS-147. The order, awarded through Domestic Competitive Bidding, reinforces the Company's position as a preferred EPC partner to India's central transmission utility and adds a marquee project to its growing order book.
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Zepto delays IPO, to refile in two qtrs: CEO
INDIA NEWS | Fri, 31 Jul 2026, 7:10PM IST
Quick commerce startup Zepto has decided to postpone its listing and will refile its draft papers for an initial public offering (IPO) after two quarters, cofounder and chief executive Aadit Palicha told employees during a companywide townhall on Friday, according to people briefed on the development. ET was the first to report on July 29 that Zepto was likely to defer its listing after the valuation being discussed with public market investors came in sharply below its last private funding round.People familiar with the discussions said the IPO pricing received from large institutional investors for Zeptos anchor book was in the $2.5-3 billion range. This marked a further reduction from the $3.5-4 billion valuation that was being discussed earlier in July, and was significantly below the $7 billion valuation at which the company raised its last private funding round in October last year.During a 30-minute townhall held at the companys Bengaluru headquarters, the 24-year-old Palicha told employees that Zepto will instead look to raise private capital from its existing domestic investors before returning to the public markets.Palicha also told employees that the company plans to raise a private round from its existing domestic investors and will tighten its focus on reducing cash burn while continuing to drive growth before the company refiles its draft prospectus, one of the people cited above said. The plan is to raise around Rs 1,000 crore, although the final amount has not yet been decided and could change over the coming days, the person added.132769426Palicha is also understood to have reassured employees that the companys inability to secure favourable terms from public market investors should not be seen as a reflection of their performance.His comments assume significance given Zeptos current cash position and its need to raise fresh capital. As of March 31, the company had a cash balance of Rs 5,681 crore, according to its draft prospectus. During the January-March quarter, it reported an operating loss of Rs 1,247 crore. In comparison, Blinkit parent Eternal had Rs 18,288 crore and Instamart parent Swiggy had Rs 14,367 crore in cash on books as of June 30. Both these companies also run profitable food delivery businesses.Zepto has been engaged in an aggressive race for market share, opening dark stores and ramping up customer acquisition amid intense competition in quick commerce. Rivals, including Blinkit, Instamart, Amazon and Walmart-owned Flipkart, have continued to expand their footprint and step up investments, keeping pressure on growth and profitability across the sector.Zepto did not respond to ETs queries until the time of publication.Axis Capital, Morgan Stanley, Goldman Sachs, Motilal Oswal, HSBC, JM Financial and IIFL Capital are the book-running lead managers for the companys IPO.
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1h
Commonwealth Games 2026 Day 10: India Schedule, Full Fixtures, Timings And Where To Watch
INDIA MARKET | Fri, 31 Jul 2026, 7:09PM IST
Gulveer Singh will look to add another medal to his CWG 2026 campaign when he competes in the men's 5000m final on Day 10.
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1h
State capex utilisation eases in Q1FY27, remains mid-range over six years
INDIA NEWS | Fri, 31 Jul 2026, 7:06PM IST
States utilised 10.67 per cent of their FY27 capital expenditure budget in the first quarter, lower than a year ago, although absolute spending touched a six-year high
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US stocks: Nasdaq opens higher as Amazon surge offsets Apple decline
INDIA MARKET | Fri, 31 Jul 2026, 7:06PM IST
The Nasdaq opened higher on Friday, boosted by Amazon's strong cloud revenue growth. This performance eased concerns about artificial intelligence returns among major tech firms. The Dow Jones Industrial Average saw a slight increase at the opening bell. The S&P 500 also rose, reflecting positive market sentiment. The Nasdaq Composite experienced a significant jump at the opening.
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US stocks: Nasdaq leads US market gains as Amazon rally offsets Apple decline
INDIA MARKET | Fri, 31 Jul 2026, 7:06PM IST
The Nasdaq opened higher on Friday, boosted by Amazon's strong cloud revenue growth. This performance eased concerns about artificial intelligence returns among major tech firms. The Dow Jones Industrial Average saw a slight increase at the opening bell. The S&P 500 also rose, reflecting positive market sentiment. The Nasdaq Composite experienced a significant jump at the opening.
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1h
Manipal Health IPO subscribed 4.92 times on final day, QIBs drive demand
INDIA MARKET | Fri, 31 Jul 2026, 7:04PM IST
The healthcare provider's Rs 9,275-crore IPO was subscribed 4.92 times on the final day, with qualified institutional buyers bidding 8.25 times their quota
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1h
SEBI Approves IPOs Of Polite Powertech, Kay Jay Forgings: Check Key Risks, Other Details
INDIA MARKET | Fri, 31 Jul 2026, 7:01PM IST
SEBI gives go ahead to IPO filings of 2 companies.
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2h
First Look: Google Pixel 11 Pro Fold Renders Reveal Sleeker Build, Striking Moss Finish
INDIA MARKET | Fri, 31 Jul 2026, 7:00PM IST
Pixel 11 Pro Fold Leaks Reveal Pixel Glow Lighting
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2h
Maruti Suzuki Q1 profit drops 11% YoY to Rs 3,352 crore on higher input costs
INDIA MARKET | Fri, 31 Jul 2026, 6:59PM IST
Maruti Suzuki reported an 11% year-on-year decline in Q1 consolidated net profit to Rs 3,352 crore, missing estimates as higher input costs linked to the West Asia crisis squeezed margins. Revenue and sales volumes grew strongly, while the company approved Rs 561 crore for four compressed biogas projects.
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