Musk leaves door open to Tesla-SpaceX merger
INDIA BUSINESS | Thu, 23 Jul 2026, 6:47AM IST
Elon Musk has suggested a possible merger between Tesla and SpaceX, citing increasing overlap. Investors now believe a combination of these companies is highly probable within years. Tesla already supplies batteries and manufacturing technologies for SpaceX projects. The companies are also jointly developing a semiconductor manufacturing facility for AI chips. However, regulatory approvals and governance complexities present significant hurdles to any such transaction.
Continue reading at Economic Times
13m
Nestle India extends rally on stellar June quarter, higher costs may limit upside
INDIA MARKET | Thu, 23 Jul 2026, 6:27AM IST
Nestle India shares reached a record high after a strong June quarter performance. Revenue growth accelerated significantly year-on-year, reaching 25.2 percent. However, operating margins moderated sequentially due to increased advertising investments. Exports also showed steady growth, driven by market penetration and product additions. The company anticipates continued healthy demand supported by premiumization and innovation.
Continue reading at Economic Times
33m
FAR bonds lose their pull as tailwinds fade
INDIA MARKET | Thu, 23 Jul 2026, 6:21AM IST
Foreign inflows into Indian government securities have begun to slow down. This moderation follows a strong surge in June driven by index inclusion expectations. Narrowing yield spreads between India and the US are now a key factor. Concerns over rupee weakness and delayed index decisions also contribute. Investors are reassessing the attractiveness of rupee-denominated assets.
Continue reading at Economic Times
39m
Global Market Today: Asian shares rise as chipmakers gain, oil climbs
INDIA MARKET | Thu, 23 Jul 2026, 6:16AM IST
Asian shares advanced as regional chipmakers gained on artificial intelligence buildout expectations. Oil extended its rally after Houthi militants targeted Saudi Arabian tankers in the Red Sea. Alphabet Inc. raised its capital spending significantly, impacting US equity futures negatively. Investors are scrutinizing megacap earnings for AI return on investment signs. Geopolitical tensions and rising energy prices complicate the Federal Reserve's policy outlook.
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44m
Benchmark indices fall amid rising crude oil prices and West Asia conflict
INDIA MARKET | Thu, 23 Jul 2026, 6:13AM IST
India's benchmark indices ended lower on Wednesday, as crude oil prices increased. The Nifty50 and Sensex experienced significant drops, falling below key levels. Midcap and smallcap stocks also saw declines, reflecting broad market weakness. Most sector indices ended in negative territory, except for FMCG and Auto. Brent crude oil prices rose, impacting investor sentiment across the market.
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47m
Stocks in news: Infosys, IndusInd Bank, Eternal, Adani Green, Dr Reddy's
INDIA MARKET | Thu, 23 Jul 2026, 6:11AM IST
Indian markets experienced a decline on Wednesday due to global and geopolitical concerns. IndusInd Bank reported a significant profit increase while Eternal saw substantial net profit growth. BPCL, however, posted a considerable loss in the first quarter. Adani Green announced a moderate profit rise, and Dr Reddy's profit declined. Several other companies like Infosys will announce their first quarter results today.
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49m
MSEDCL appoints 8 bankers for Rs 10,000 crore IPO
INDIA MARKET | Thu, 23 Jul 2026, 6:05AM IST
Maharashtra State Electricity Distribution Co has appointed eight investment bankers for its proposed initial public offering. This significant issue could potentially raise between eight thousand and ten thousand crore rupees. The offering will mark the first-ever IPO by the Maharashtra government and a state-run discom. Mahavitaran, the brand under which MSEDCL operates, will be listed. The utility provides power to most consumers in India's largest subnational economy.
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55m
Can Indo-MIM IPO deliver long-term growth for high risk investors?
INDIA MARKET | Thu, 23 Jul 2026, 5:50AM IST
Indo-MIM plans a 500 crore IPO for debt and corporate needs. The company will also raise 3,312 crore through an offer for sale. Its global market share in metal injection moulding is significant. Revenue and profit have shown strong annual growth in recent years. Risk-tolerant investors may consider this long-term opportunity.
Continue reading at Economic Times
1h
Oil at $90-100 will impact macros and the market: Sunil Koul, Goldman Sachs
INDIA MARKET | Thu, 23 Jul 2026, 5:38AM IST
Global investors show increased interest in India's equity markets recently. Corporate earnings and economic performance have remained quite strong. Foreign investors are diversifying portfolios away from concentrated tech positions. India's market may see a catch-up rally after recent underperformance. Banks and tourism are identified as attractive investment pockets within India.
Continue reading at Economic Times
1h
INDIA BUSINESS | Thu, 23 Jul 2026, 5:30AM IST
US President Trump's proposed tariffs on imported generic drugs will not immediately affect Indian drugmakers. Indian companies export significant generic medicines to the United States market. The proposed tariffs are set to begin in 2028, offering a two-year window. This lead time allows Indian firms to explore alternative export markets and adapt. American patients and insurers will likely face increased healthcare costs after tariffs are imposed.
Continue reading at Economic Times
1h
Engineering students flock to electronics as chip, AI boom grows
INDIA BUSINESS | Thu, 23 Jul 2026, 5:30AM IST
Indian engineering colleges see a surge in electronics course applications this year. This trend is driven by new processor architectures and industry demands. Government semiconductor initiatives are also fueling student interest in hardware. Core engineering branches are gaining popularity alongside computer science programs. Companies are actively hiring graduates with interdisciplinary hardware and software skills.
Continue reading at Economic Times
1h
Blackstone ties up with HDFC Ergo Ex-MD Anuj Tyagi for new insurance biz
INDIA BUSINESS | Thu, 23 Jul 2026, 5:30AM IST
Blackstone and Anuj Tyagi are launching a new general insurance company in India. This venture will be 90% foreign-owned, following recent FDI limit increases. The company has filed an R1 application with IRDAI for approval to operate. It plans to utilize generative and agentic AI across all its operations. This move signifies growing global investor interest in India's insurance sector.
Continue reading at Economic Times
1h
Adani seeks clearance to own airline
INDIA BUSINESS | Thu, 23 Jul 2026, 5:30AM IST
Adani Group seeks to dilute a clause preventing airport operators from holding airline stakes. This change would enable the conglomerate to launch its own airline operations. The government is consulting legal experts on amending the existing airport privatization agreements. Such a move could introduce competition into the domestic aviation market. However, rivals anticipate strong opposition and regulatory scrutiny over potential advantages.
Continue reading at Economic Times
1h
Top retailers raise Rs 4,000 crore as store expansion hits four-year high
INDIA BUSINESS | Thu, 23 Jul 2026, 5:30AM IST
India's largest retailers are significantly increasing offline store launches this fiscal year. Companies like Reliance Retail and Trent are raising substantial funds for expansion. This growth marks the fastest pace seen since the Covid-19 pandemic period. Retailers are investing in physical stores and omni-channel infrastructure. Expansion efforts are focused on reaching deeper into existing markets.
Continue reading at Economic Times
1h
Banks to tap 25 OEMs in battle against AI-led cybersecurity threats
INDIA BUSINESS | Thu, 23 Jul 2026, 5:30AM IST
Indian banks are identifying twenty-five original equipment manufacturers for AI risk mitigation partnerships. A working group is developing a framework to identify and strengthen safeguards against cyberattacks. Banks will reduce network attack surface area by deploying defensive AI agents. Internal controls may not prevent exposure through weak vendors or third-party components. Vulnerabilities in embedded code can spread flaws across multiple financial institutions.
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1h
Pharma stocks slide as Trump's 100% generic drug tariff plan spooks investors
INDIA MARKET | Thu, 23 Jul 2026, 5:29AM IST
Indian drug shares declined Wednesday following US President Trump's tariff announcement. These proposed tariffs will significantly impact companies with substantial US revenue exposure. Analysts suggest investors should now focus on domestically oriented Indian pharmaceutical firms. The Nifty Pharma index saw a notable decrease, while the benchmark Nifty 50 also fell. Negotiations are expected given India's vital role in supplying affordable medicines to the US.
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1h
Clarity Act Mired In Debate Over Whether to Bar President From Selling Crypto
GLOBAL NEWS | Thu, 23 Jul 2026, 4:31AM IST
Democrats and Republicans are haggling about the Clarity Act, a major bill pushed by the crypto industry, as it moves closer to a Senate vote.
Continue reading at The New York Times
2h
Three Airports Plan to Ditch T.S.A. Amid Push for Private Security
GLOBAL NEWS | Thu, 23 Jul 2026, 2:36AM IST
The airports have opted in to the agencys new security model, an agency spokesperson confirmed on Wednesday. A union official said the move could jeopardize public safety.
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4h
Tesla Profit Falls Even as Car Sales Rebound
GLOBAL NEWS | Thu, 23 Jul 2026, 1:45AM IST
The company is selling more cars, but the companys profit was down because of price cuts and higher expenses.
Continue reading at The New York Times
5h
Elon Musk's Tesla posts cash burn as capex surges on AI, robotaxi push
INDIA MARKET | Thu, 23 Jul 2026, 1:44AM IST
Tesla Inc.reported negative free cash flow of $1.1 billion in Q2 as heavy spending on AI, robotaxis and manufacturing weighed. Deliveries beat expectations, while energy storage surged. Investors remain focused on autonomy and robotics growth as core auto demand faces rising competition and pricing pressure.
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5h
Google quarterly cloud revenue growth beats expectations
INDIA MARKET | Thu, 23 Jul 2026, 1:40AM IST
Google Cloud revenue surged eighty-two percent, fueled by strong enterprise demand for AI services. This significant growth helped offset concerns regarding Alphabet's substantial artificial intelligence investments. However, the company's own AI model development has encountered delays this year. Google's search business has shown strength, attracting more advertising dollars through AI features.
Continue reading at Economic Times
5h
US stocks today: S&P 500, Nasdaq close lower amid mixed show by tech stocks ahead of earnings
INDIA MARKET | Thu, 23 Jul 2026, 1:34AM IST
U.S. markets ended mixed with Nasdaq under pressure as software stocks dragged while chip stocks gained. Investors remained cautious ahead of key earnings from Alphabet and Tesla Inc.. Rising oil prices and geopolitical tensions added inflation concerns, keeping market sentiment volatile despite ongoing AI-driven optimism.
Continue reading at Economic Times
5h
Donald Trump Jr.s Investment Firm Posts Staggering Returns of 200%
GLOBAL NEWS | Thu, 23 Jul 2026, 1:34AM IST
The fledgling firm, run by the presidents oldest son and his partner Omeed Malik, has made investments in A.I. and defense technology that have tripled in value in just months.
Continue reading at The New York Times
5h
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