US stocks today: US stocks end higher as Iran tensions ease; major tech-related shares jump
INDIA MARKET | Tue, 30 Jun 2026, 1:34AM IST
US stocks closed sharply higher with the Dow hitting a record close as easing US-Iran tensions lifted sentiment. Tech stocks led gains, with Nasdaq rising over 2%. Investors also focused on upcoming earnings season, while Comcast, SpaceX and Alphabet added momentum to the broader market rally.
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INDIA MARKET | Tue, 30 Jun 2026, 1:32AM IST
Brazil came from behind to beat Japan 2-1 in the FIFA World Cup 2026 Round of 32.
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Espire Hospitality posts revenue of Rs 141 crore for FY26, PAT at Rs 8 crore
INDIA MARKET | Tue, 30 Jun 2026, 1:26AM IST
Espire Hospitality has achieved a landmark financial year 2026, reporting Rs 141 crore in revenue, a 17% increase, and Rs 8 crore in profit. The company saw a strong Q4 with Rs 49 crore revenue and Rs 11 crore EBITDA. With 17 hotels and significant expansion plans, including a Rs 300 crore ultra-luxury resort near Vrindavan, Espire is poised for continued growth across diverse travel segments.
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Legacy studios bet on mobile-first entertainment for next growth phase
INDIA BUSINESS | Tue, 30 Jun 2026, 1:04AM IST
India's established media giants like Yash Raj Films, Zee Entertainment, and Saregama are strategically investing in digital-first platforms and creator-led businesses. This move aims to capture the growing mobile-first audience by developing new intellectual property in micro-dramas and vertical content. These investments signal a significant shift towards embracing emerging entertainment formats to ensure future growth and relevance in the evolving media landscape.
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Canara Bank hands over 2,397 crore dividend cheque to FM Nirmala Sitharaman
INDIA BUSINESS | Tue, 30 Jun 2026, 1:02AM IST
The bank reported a record net profit of 19,187 crore in 2025-26, compared to 17,027 crore in the previous year, a 12.69% year-on-year increase. Government of India holds 62.93% of stake in the bank
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Home sales fall to three-year low in June quarter
INDIA BUSINESS | Tue, 30 Jun 2026, 1:00AM IST
Home sales experienced a notable dip in the June quarter, marking the slowest performance since early 2023. Persistent global uncertainties and supply chain issues have dampened buyer sentiment. Despite this, new project launches saw an annual increase, particularly in premium segments and infrastructure-driven areas. While most major cities saw sales decline, Kolkata, Hyderabad, and Bengaluru registered modest yearly growth.
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INDIA MARKET | Tue, 30 Jun 2026, 12:56AM IST
Germany and Paraguay meet in the FIFA World Cup 2026 Round of 32 at Boston Stadium.
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Draft power data sharing framework unveiled
INDIA NEWS | Tue, 30 Jun 2026, 12:53AM IST
New Delhi: The power ministry Monday unveiled a draft National Electricity Data Sharing Framework to create a common architecture for sharing electricity sector data, proposing standardised datasets, privacy safeguards and consent-based access to support planning, grid operations, regulation and research. The last date to submit stakeholders' views is July 21.The framework will apply to all electricity sector data created and maintained by power generating companies, transmission licensees, distribution licensees, load despatch centres, regulatory commissions, government agencies including Central Electricity Authority, Grid India and power exchanges, among others. The framework provides broad principles and institutional structures to enable structured, secure, and transparent data sharing in the electricity sector. The idea is supporting non-discriminatory access while protecting critical information infrastructure. Adoption of the framework will be voluntary for the sectoral entities. However, the National Electricity Data Centre and the National Electricity Data Portal proposed as part of the framework will be established to create an ecosystem for data sharing.
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Draft National Electricity Data Sharing Framework unveiled
INDIA BUSINESS | Tue, 30 Jun 2026, 12:53AM IST
The framework will apply to all electricity sector data created and maintained by power generating companies, transmission licensees, distribution licensees, load despatch centres, regulatory commissions, government agencies including Central Electricity Authority, Grid India and power exchanges, among others.
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Zee Entertainment gets govt nod for Rs 418-cr investment from Invesco fund
INDIA BUSINESS | Tue, 30 Jun 2026, 12:44AM IST
The move marks the return of the Invesco-managed fund to the broadcaster's shareholder base, nearly three years after it exited the company. According to DPIIT data, the investment was received under the foreign direct investment (FDI) route for acquisition of shares during the January-March quarter of FY26.
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Carmakers pare discounts as GST cut revives small-car demand
INDIA BUSINESS | Tue, 30 Jun 2026, 12:36AM IST
Car manufacturers are scaling back discounts on budget-friendly hatchbacks and entry-level models, indicating a robust recovery in mass-market demand following GST rate reductions. Maruti Suzuki and Tata Motors have significantly lowered or removed incentives on popular models like the Wagon R, Baleno, Tiago, and Punch. This shift reflects renewed confidence in affordable vehicles, with sales of smaller cars showing a substantial uptick.
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RBI buyback gets few bids despite cash crunch
INDIA BUSINESS | Tue, 30 Jun 2026, 12:34AM IST
The central bank's bond buyback saw a lukewarm market reception, attracting significantly less than the offered amount despite a liquidity deficit in the banking system. Banks held back, anticipating future inflows and preferring short-term papers. Meanwhile, the benchmark 10-year government bond yield dipped to its lowest since March, buoyed by falling oil prices and record overseas portfolio investments.
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Former finance services secy Rajiv Kumar named HDFC Bank part-time chairman
INDIA BUSINESS | Tue, 30 Jun 2026, 12:30AM IST
Kumar (66), a seasoned public policy leader and financial sector reformer, is widely credited with playing a key role in revitalising India's banking and financial system during a period of significant stress between 2017 and 2020. During his tenure, he strengthened governance, risk management and regulatory oversight across banks by institutionalising specialised monitoring of large exposures and introducing technology-driven risk assessment systems.
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Zerodha eyes foray into investment banking
INDIA BUSINESS | Tue, 30 Jun 2026, 12:26AM IST
India's leading retail broker, Zerodha, is making a significant move into investment banking. The company has applied to Sebi for a merchant banking license through its arm, Zerodha Corporate Advisors. This strategic expansion comes as the equity capital markets show strong potential, with experts noting ample room for new players possessing robust distribution and investor networks.
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Power demand tops 250 GW as weak monsoon keeps heat on
INDIA BUSINESS | Tue, 30 Jun 2026, 12:20AM IST
India's peak power demand is soaring above 250 GW due to lingering heatwaves, outpacing a sluggish monsoon. Authorities are preparing contingency plans, including maximizing coal power and potentially directing gas-based plants to operate at full capacity. With forecasts of below-normal rains, electricity consumption for cooling and irrigation is expected to remain high, especially in August and September, as the nation braces for potential supply challenges.
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Stainless steel industry seeks end to QCO relief from July 1
INDIA BUSINESS | Tue, 30 Jun 2026, 12:13AM IST
Domestic stainless steel makers are pressing the government to reinstate quality control norms from July 1, warning that a temporary QCO relaxation has fueled a flood of cheap imports. The Indian Stainless Seamlesspipes Manufacturers Association highlights that this influx, coupled with alleged anti-dumping duty circumvention, has crippled industry capacity to below 50%, jeopardizing local manufacturers. They urge immediate QCO restoration to curb substandard goods.
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HDFC Bank names new CFO and General Counsel
INDIA BUSINESS | Tue, 30 Jun 2026, 12:11AM IST
Puneet Sharma will take charge as the Chief Financial Officer, starting December 1; Jigar Shah named as the General Counsel-Designate
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HUL appoints ex-Marico, Flipkart executive Koteshwar LN as Oziva CEO
INDIA BUSINESS | Tue, 30 Jun 2026, 12:10AM IST
In a significant leadership shift, Hindustan Unilever Ltd (HUL) has appointed Koteshwar L.N. as CEO of Oziva, its wellness nutrition brand. Koteshwar, with extensive experience from Marico, Flipkart, and Coca-Cola, will steer the wellness division amidst a surge in market interest. Additionally, his role extends to overseeing HUL's wellness portfolio, notably after acquiring a controlling stake in Liquid I.V.'s parent company, Zywie.
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Government lifts curbs on petrol, diesel sales at pumps as global oil prices fall
INDIA BUSINESS | Tue, 30 Jun 2026, 12:08AM IST
Fuel stations can now freely sell petrol and diesel to all customers. The government has removed restrictions on bulk buyers purchasing fuel at retail pumps, a move effective July 1. This decision follows a significant drop in global oil prices, which has drastically reduced the price difference between bulk and retail fuel rates. Previously, soaring oil prices had led to supply issues at petrol stations.
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Tomato, onion stoke fears of higher food inflation
INDIA NEWS | Mon, 29 Jun 2026, 11:44PM IST
Pune: Tomato, onion and potato prices are on the rise again, raising concerns over food inflation. Average retail tomato prices have risen 18% in the past month, onions 11% and potatoes 1.3%, according to consumer affairs ministry data. The three vegetables together account for 1.75% of the Consumer Price Index.On a year-on-year basis, tomato prices are up 25% and onion prices 3.3%, while potato prices are 17% lower.Also Read: Organised dairy sector may clock 13-15% revenue growth this fiscal: CrisilTomatoes have become up to 50% more expensive in states such as Uttar Pradesh, Bihar and Madhya Pradesh, while prices have nearly doubled in Delhi as extreme heat hurt production and disrupted supplies. Onion prices have risen 10-20% in several states after unseasonal rain affected the crop's storage quality.Onions and tomatoes are prone to seasonal price surges during the monsoon, depending on its arrival, spread and intensity. The severe heatwave, driven by El Nino and delayed rainfall, has affected the delicate tomato crop the most."Not only have supplies declined, long-distance transportation of tomatoes also became difficult as the fruits ripened quickly due to the heat," said Ashok Kaushik, president, Azadpur Onion Traders' Association. Tomato supplies to Delhi from Rajasthan and Haryana have declined.
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Parliamentary panel to review NEET-UG re-exam learnings, NTA reforms on July 1
INDIA BUSINESS | Mon, 29 Jun 2026, 11:39PM IST
Top officials from the Ministry of Higher Education and the National Testing Agency are set to brief a Parliamentary panel on lessons learned from the NEET-UG re-examination. Former ISRO Chairman K Radhakrishnan will also present recommendations for strengthening the NTA. The committee will review the outcomes of the June 21 re-exam, which followed cancellations due to alleged paper leaks. The CBI is currently investigating the matter.
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