INDIA MARKET | Wed, 1 Jul 2026, 4:33AM IST
Kylian Mbappe scored twice as France defeated Sweden 3-0 to reach the FIFA World Cup 2026 Round of 16.
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28m
Trump Had a Billion-Dollar Windfall After Returning to the White House
GLOBAL NEWS | Wed, 1 Jul 2026, 4:32AM IST
The release of a mandatory financial disclosure for 2025 shows that the Trump familys holdings, particularly the presidents crypto businesses, were stunningly lucrative.
Continue reading at The New York Times
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Trump Had a Billion Dollar Windfall After Returning to the White House
GLOBAL NEWS | Wed, 1 Jul 2026, 4:29AM IST
The release of a mandatory financial disclosure for 2025 shows that the Trump familys holdings, particularly the presidents crypto businesses, were stunningly lucrative.
Continue reading at The New York Times
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INDIA MARKET | Wed, 1 Jul 2026, 4:19AM IST
Mbapp's brace against Sweden saw him join Lionel Messi at the top of the FIFA World Cup 2026 scoring charts on six goals.
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42m
INDIA MARKET | Wed, 1 Jul 2026, 3:36AM IST
Antonio Nusa became Norway's youngest goalscorer at a major international tournament with his strike against Ivory Coast.
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1h
FIFA World Cup 2026 Golden Boot Race: Erling Haaland, Kylian Mbapp Close In On Lionel Messi
INDIA MARKET | Wed, 1 Jul 2026, 3:31AM IST
Erling Haaland's late winner against Ivory Coast took his FIFA World Cup 2026 tally to five goals, leaving him one behind Golden Boot leader Lionel Messi.
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1h
Neon Buys Artificial, a Film About OpenAI, After Amazon Dropped It
GLOBAL NEWS | Wed, 1 Jul 2026, 2:21AM IST
Neon purchased Artificial, which focuses on OpenAIs chief, Sam Altman, after Amazon walked away from it following an investment in the start-up.
Continue reading at The New York Times
2h
Stocks Notch Strongest Quarter Since 2020
GLOBAL NEWS | Wed, 1 Jul 2026, 1:46AM IST
The S&P 500 rose almost 15 percent for the three months through June, and many stock analysts remain optimistic that corporate earnings driven by artificial intelligence will keep growing.
Continue reading at The New York Times
3h
INDIA MARKET | Wed, 1 Jul 2026, 1:39AM IST
Erling Haaland scored the winning goal as Norway defeated Ivory Coast 2-1 to reach the FIFA World Cup 2026 Round of 16.
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3h
S&P 500, Nasdaq post best quarter since 2020 despite Iran war
INDIA NEWS | Wed, 1 Jul 2026, 1:35AM IST
The S&P 500 and Nasdaq finished out the quarter with their biggest quarterly gains since 2020 as investors remained upbeat about economic and earnings growth even amid the Middle East conflict. Dow notched a record high close, and Nasdaq ends the second quarter 21% higher on the AI boom. The indexes ended higher for the day as well on Tuesday, with technology among the biggest sector gainers in the S&P 500. Optimism over signs of progress in efforts to bring the Iran war to a lasting halt has helped stocks recently despite continued military tensions. For the month, the S&P 500 fell 1.1%, the Dow rose 2.5%, and the Nasdaq declined 2.8%. Iran and the U.S. on June 17 signed a memorandum of understanding aimed at ending the four-month-old conflict. But exchanges of fire over the weekend have tested that agreement, and a Qatari official said on Tuesday that top U.S. envoys who have arrived in Doha will not hold a high-level meeting with Iran. "We've had a great first half of the year, certainly better than most expected," said Oliver Pursche, senior vice president and advisor for Wealthspire Advisors in Westport, Connecticut. "In spite of all the geopolitical stuff, the U.S. economy is performing well and corporate earnings are strong." After a strong first-quarter earnings season for S&P 500 companies, investors are looking forward to second-quarter results in the coming weeks. According to preliminary data, the S&P 500 gained 55.97 points, or 0.75%, to end at 7,498.38 points, while the Nasdaq Composite gained 374.62 points, or 1.45%, to 26,194.76. The Dow Jones Industrial Average rose 116.17 points, or 0.22%, to 52,298.91. Weakness in heavyweight technology shares has weighed on the market in recent weeks. Strategists at BofA said cyclical, value-oriented sectors such as energy and financials could be the better bet heading into the second half. Worries about possible interest rate hikes have weighed on the market. Traders are pricing in at least one rate hike by the Federal Reserve by the end of 2026, according to data compiled by LSEG.
Continue reading at Economic Times
3h
US stocks today: S&P 500, Nasdaq post best quarter since 2020 despite Iran war
INDIA MARKET | Wed, 1 Jul 2026, 1:35AM IST
Indian markets closed the quarter on a high, mirroring global trends with significant gains for the S&P 500 and Nasdaq, driven by optimism around economic and earnings growth. Despite geopolitical tensions, particularly concerning the Middle East conflict, investor sentiment remained robust. Technology stocks led the charge, with the Nasdaq celebrating a substantial 21% surge fueled by the AI boom.
Continue reading at Economic Times
3h
Data doubts: On the latest IIP dataset
INDIA BUSINESS | Wed, 1 Jul 2026, 1:31AM IST
The latest IIP dataset raises more questions than it answers
Continue reading at The Hindu
3h
AM/NS takes over banks' claims linked to Essar Group promoters' personal guarantees
INDIA BUSINESS | Wed, 1 Jul 2026, 1:19AM IST
"Banks had claims attached to the personal guarantees issued by the Essar promoters which was linked to the Essar Steel resolution. AM/NS' plan had made specific provisions to pay off these liabilities too, but there were some legal issues which are now resolved, allowing banks and AM/NS to complete this deal," said a person familiar with the details.
Continue reading at Economic Times
3h
Don't worry, banks have shock absorbers: RBI
INDIA BUSINESS | Wed, 1 Jul 2026, 1:09AM IST
In its bi-annual Financial Stability Report, the RBI flagged concerns over customer service in the insurance sector and again cautioned that rising interconnectedness among financial institutions could act as a potential channel for contagion. The report noted that cybersecurity risks have emerged as a key financial stability concern.
Continue reading at Economic Times
3h
Court Halts Pentagon Rule Requiring Escorts for Journalists
GLOBAL NEWS | Wed, 1 Jul 2026, 12:59AM IST
A federal judge temporarily blocked a new rule that restricted reporters access to the Pentagon, in a lawsuit brought by The New York Times.
Continue reading at The New York Times
4h
India Semiconductor Mission 2.0 gets EFC nod with 1.2 lakh crore outlay
INDIA BUSINESS | Wed, 1 Jul 2026, 12:55AM IST
India's semiconductor ambitions are set for a major boost with the Expenditure Finance Committee approving nearly 1.20 lakh crore for the second phase of the government's chip programme. This significantly enhanced allocation aims to deepen domestic manufacturing, reduce import reliance, and expand support across the entire semiconductor ecosystem, including design and upstream capabilities.
Continue reading at Economic Times
4h
E20 mixing in trial phase, Centre tells SC; court orders status quo on ethanol quota
INDIA BUSINESS | Wed, 1 Jul 2026, 12:50AM IST
The Supreme Court has halted the Karnataka High Court's order to increase ethanol allocations for the 2025-26 supply year, urging state-run oil companies to maintain current levels. Attorney General R Venkataramani argued that such changes could destabilise the national E20 blending program, an "ongoing experiment."
Continue reading at Economic Times
4h
E20 mixing in trial phase, Centre tells SC
INDIA NEWS | Wed, 1 Jul 2026, 12:50AM IST
New Delhi: The Supreme Court asked the state-run oil marketing companies to keep ethanol supply allocations for Ethanol Supply Year (ESY) 2025-26 unchanged. This was in response to the Karnataka High Court's recent order directing enhancement of ethanol allocation for the ESY.Attorney general R Venkataramani said the E20 blending programme is an "ongoing experiment" and that its full impact will become clearer by next year. He told the apex court on Tuesday that the high court order would destabilise the national policy of 20% ethanol blending with petrol.Changes may Fuel LitigationSuch petitions are pending before several high courts, he said, while seeking liberty to file a transfer petition seeking consolidation of all the suits.Also read | E25 petrol blend's test drive begins; study report expected by end of next yearThe status quo order by a bench of justices MM Sundresh and Sheel Nagu was issued on an appeal by Bharat Petroleum (BPCL) challenging the Karnataka High Court decision of June 16. That had asked the three OMCs BPCL, Hindustan Petroleum (HPCL) and Indian Oil (IOC) to consider a representation filed by Vinp Distilleries and Sugars for enhanced ethanol allocation for the 2025-26 supply year. Vinp Distilleries, a dedicated ethanol manufacturer, had entered into a long-term offtake agreement with the OMCs in 2022.Venkataramani, representing BPCL, said the ethanol allocation exercise attained finality on October 17, 2025, and allocations were communicated to 378 suppliers for a total supply of 10.5 billion litres of ethanol, of which 6.8 billion litres had already been supplied by June 18. If one suppliers quota was enhanced, others similarly placed would claim parity, which would open the floodgates for litigation and throw the supply chain into disarray, he said, warning that judicial intervention could destabilise the nationwide blending policy.BPCL is the industry coordinator for the petrol-ethanol blending programme, for which cumulative offers for the supply of 17.59 billion litres were received after a tender. BPCL had allocated procurement quantities to various suppliers for a total of 10.48 billion litres of ethanol.In its appeal, BPCL said Vinp cannot claim an absolute right to supply ethanol based on its designed production capacity to the detriment of other suppliers, as allocations have been made to vendors.Also read | Why Europe cant just air-condition its way out of this meltdownThe high court had held that dedicated ethanol plants established under the government's policy and bound by Long-Term Offtake Agreements (LTOAs) to supply ethanol exclusively to OMCs could not be denied the benefit of preferential allocation envisaged under those agreements.Last year, OMCs had floated a tender inviting bids for the supply of 10.50 billion litres of denatured anhydrous ethanol for ESY 2025-26. Vinp Distilleries, which had participated in a pre-bid meeting pursuant to the notification, was allotted 39.20 million litres. It then moved the high court against what it said was too low an allotment, claiming to have invested a huge amount in ethanol production. It also alleged that the OMCs exercised an absolute monopoly over the procurement of ethanol and the companys production of the chemical cannot be supplied to any other private entity.
Continue reading at Economic Times
4h
Duty waiver on petrochemical products extended till July 15
INDIA BUSINESS | Wed, 1 Jul 2026, 12:49AM IST
Indian manufacturers will continue to benefit from a full customs duty exemption on imported petrochemicals until July 15. This extension aims to stabilize input costs for sectors like plastics, packaging, and textiles, which are still navigating supply chain recovery post-West Asia conflict. The move ensures a steady flow of essential raw materials, bolstering domestic production and market availability as global supply chains gradually normalize.
Continue reading at Economic Times
4h
E25 petrol blend's test drive begins; study report expected by end of next year
INDIA BUSINESS | Wed, 1 Jul 2026, 12:42AM IST
India is embarking on testing E25 petrol, which contains 25% ethanol, to evaluate its capabilities in vehicles. This initiative seeks to bolster the use of domestic biofuels and diminish crude oil dependency. The Automotive Research Association of India will monitor the mix's effects on vehicle performance and fuel economy across a distance of 150,000 km.
Continue reading at Economic Times
4h
ACME-IHI JV secures $5 billion Japanese support for Odisha green ammonia project
INDIA BUSINESS | Wed, 1 Jul 2026, 12:37AM IST
A significant boost for India's green energy ambitions! ACME Group's joint venture with Japan's IHI Corporation has secured a massive $5 billion in Japanese government price support. This funding is earmarked for two key clean energy initiatives, including one of India's largest green ammonia projects in Odisha. This development marks a crucial step towards decarbonising vital industrial sectors.
Continue reading at Economic Times
4h
Solvency buffers at insurers thinning; general insurance sector more of a concern
INDIA BUSINESS | Wed, 1 Jul 2026, 12:34AM IST
The Reserve Bank of India's latest report highlights concerns over thinning capital in the insurance sector. While life insurers remain compliant, their buffers are shrinking. The general insurance segment faces a more serious challenge, with three public sector firms persistently falling below the minimum solvency requirement for over a year, posing a direct financial stability risk.
Continue reading at Economic Times
4h
APSEZ to sell 49% in Vizhinjam port to MSC Group arm
INDIA BUSINESS | Wed, 1 Jul 2026, 12:31AM IST
Adani Ports is selling a 49% stake in its Vizhinjam port project to MSC Group's port arm, TiL, for $1.397 billion. This deal values the Kerala port at a significant $2.85 billion, marking the largest foreign private investment in Indian port infrastructure. The agreement, signed Monday, strengthens the existing partnership between Adani and MSC, pending regulatory approvals.
Continue reading at Economic Times
4h
OMCs eye expanding LPG buffer to 30 days from national average of 18
INDIA BUSINESS | Wed, 1 Jul 2026, 12:28AM IST
India is boosting its LPG reserves to a 30-day supply, a strategic move prompted by the Iran war highlighting supply route vulnerabilities. Bharat Petroleum plans a significant investment to nearly double its storage capacity. This initiative aims to enhance energy security by diversifying import sources and exploring various storage solutions, including onshore, underground, and floating options.
Continue reading at Economic Times
4h
Tourism ministry, Google ink MoU to boost promotion of India's destinations via digital tech
INDIA BUSINESS | Wed, 1 Jul 2026, 12:14AM IST
India's tourism sector is set to receive a significant digital boost as the Ministry of Tourism partners with Google. This collaboration will harness AI, data insights, and digital technologies to enhance the promotion of India's destinations, cultural heritage, and experiences for both domestic and international travelers. The initiative aims to create immersive virtual journeys and strengthen the country's global tourism presence through innovative outreach strategies and capacity building.
Continue reading at Economic Times
4h
ICEYE-AgniKul agreement puts India's space startups in global orbit
INDIA BUSINESS | Tue, 30 Jun 2026, 11:59PM IST
Satellite manufacturing and launch alliance aims to build sovereign space ecosystem
Continue reading at Business Standard
5h
Magicbricks strengthens leadership with over 8 million monthly unique visitors
INDIA BUSINESS | Tue, 30 Jun 2026, 11:58PM IST
Magicbricks has solidified its leadership in the Indian real estate market, surpassing 8 million monthly unique visitors as per comScore data for May 2026. This significant traffic surge positions the platform ahead of rivals like 99acres and NoBroker, underscoring its importance for property discovery and buyer engagement.
Continue reading at Economic Times
5h
Stormy H1CY26 for Street ends with a flicker of hope amid global headwinds
INDIA MARKET | Tue, 30 Jun 2026, 11:58PM IST
Indian equities posted their weakest first half in years, though June saw the Nifty outperform emerging markets despite heavy foreign investor selling
Continue reading at Business Standard
5h
Comcast, NBCUniversal Split Drives Deal-Making Speculation
GLOBAL NEWS | Tue, 30 Jun 2026, 11:48PM IST
Almost as soon as the two companies announced a split, analysts rushed to consider potential merger and acquisition targets for each.
Continue reading at The New York Times
5h
Noel Tata Says Voltas Evaluating Entry Into Compressor Manufacturing
INDIA MARKET | Tue, 30 Jun 2026, 11:41PM IST
Noel Tata announced to step down from the chairmanship of Voltas.
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