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INDIA BUSINESS | Fri, 26 Jun 2026, 12:23PM IST Smartworks is set to acquire Singapore-based Workstudio Spaces, expanding its footprint to 76,000 sq. ft. with over 1,500 seats. This strategic move, funded internally, will more than double the company's presence in Singapore within two years. The acquisition aims to tap into a high-demand micro-market and diversify its client base. Smartworks recently achieved profitability and significant revenue growth, demonstrating a strong financial position for continued expansion.

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INDIA MARKET | Fri, 26 Jun 2026, 12:21PM IST CBSE Student Need to submit Declaration by june 27

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INDIA MARKET | Fri, 26 Jun 2026, 12:19PM IST Indian markets are showing signs of recovery as geopolitical tensions ease, paving the way for a stronger earnings outlook in the second half. While Q1 may be challenging due to supply chain issues and inflation, strategist Mayuresh Joshi advises investors to look beyond the near-term. He favors pharma, domestic engineering, and power sectors, with specific interest in midcap private banks like Karur Vysya Bank for their robust performance.

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INDIA MARKET | Fri, 26 Jun 2026, 12:17PM IST UP board supplentary exam application deadline extended

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INDIA MARKET | Fri, 26 Jun 2026, 12:16PM IST Jubilant Pharmova announced that its subsidiary, Jubilant Generics has received a tentative approval from the USFDA US Food and Drug Administration (USFDA) for Pantoprazole Sodium delayed release oral suspension, 40 mg per packet.

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INDIA COMMODITIES | Fri, 26 Jun 2026, 12:13PM IST Indian gold markets are seeing a premium return after a price dip, with buyers cautiously re-entering despite affordability concerns. This revival is fueled by falling international prices and a strengthening rupee. Meanwhile, China's physical demand for gold has noticeably weakened, with jewellery sales and household caution impacting the market, though the central bank continues its consistent buying spree.

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INDIA MARKET | Fri, 26 Jun 2026, 12:10PM IST GIFT Nifty signals a weak start for Indian markets after a sharp global sell-off led by declines in AI and semiconductor stocks across Asia. Profit booking, weak tech sentiment and mixed Wall Street cues weighed on markets, even as analysts maintain a positive near-term outlook for Nifty above key support levels.

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INDIA MARKET | Fri, 26 Jun 2026, 12:10PM IST The issue occurred on the down-fast line between Dadar and Churchgate stations at around 6 am.

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INDIA MARKET | Fri, 26 Jun 2026, 12:09PM IST NEET Re-Exam 2026 privisional Answer key

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INDIA BUSINESS | Fri, 26 Jun 2026, 12:08PM IST The notification allows selected domestic companies to procure supplies from manufacturers holding licences under Scheme II of the BIS regulations, instead of the more rigorous Scheme I

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INDIA BUSINESS | Fri, 26 Jun 2026, 12:04PM IST The impact of the restricted supplies of the 19.2-kg cylinder reverberated across industries, particularly impacting the hospitality, restaurants and heavy industries

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INDIA BUSINESS | Fri, 26 Jun 2026, 12:03PM IST The Union Health Ministry is proposing to relax import rules for medicines, requiring a minimum 12-month shelf life upon arrival instead of the current 60% of total shelf life. This move aims to simplify business operations and ensure medicine availability. The change, however, will not affect specialized drugs like biologicals and radiopharmaceuticals. Officials believe this will cut down wastage and improve inventory management, ultimately benefiting patients.

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INDIA MARKET | Fri, 26 Jun 2026, 12:01PM IST The complexities of taxation serve as a reminder that financial literacy is increasingly important.

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INDIA MARKET | Fri, 26 Jun 2026, 11:59AM IST Historical trends have shown that even small, consistent investments over time have the potential to grow into a meaningful corpus.

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INDIA MARKET | Fri, 26 Jun 2026, 11:58AM IST The iPhone range has escaped the price hike for the time being.

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INDIA NEWS | Fri, 26 Jun 2026, 11:41AM IST LONDON: While oil and gas are once again flowing through the Strait of Hormuz, the closure of the vital waterway for over 100 days could prove to be a turning point in global energy markets. The Arab oil embargo of 1973, a similarly disruptive supply shock, offers clues about where we might be headed. The latest Middle East crisis tested the limits of the modern energy system, which has evolved over recent decades into a highly interconnected global market held together by thousands of tankers, trading houses and complex pricing systems. This system proved remarkably adaptable during the U.S.-Israeli war with Iranthat began on February 28. Rapid shifts in supply flows and demand patterns mitigated the impact of what had previously been considered a "doomsday" scenario: the effective closure of the Strait of Hormuz, the narrow waterway through which nearly a fifth of the world's oil and liquefied natural gas supplies typically pass. Yet this shock was far from painless, particularly in Asia, which depends on the Middle East for 60% of its oil and gas imports. The market adaptations during the crisis - including the rundown of energy stockpiles and China's reduced imports - were not sustainable.Also read | JD Vance, Rubio strike different tone on Iran and IsraelGlobal energy markets were buying time. They could have reached a tipping point if the strait had not reopened when it did, as global inventories were nearing dangerously low levels. That calamity was averted, but the Hormuz crisis has pushed nations to rethink their energy strategies. Does that mean we should expect a dramatic reduction in fossil fuel use? Comparing today's crisis to the Arab oil embargo suggests that the path forward will be more complicated than that, but the crisis could ultimately mark the beginning of the end of the oil era.BLACK GOLDThe modern age of oil began with the drilling of the world's first commercial well in Pennsylvania in 1859 and the founding of Standard Oil by John D. Rockefeller in 1870. The mass adoption of the automobile in the early 20th century lifted oil consumption from close to nothing in 1900 to over 100 million barrels per day by the 2020s, making it the world's biggest and most important commodity. As global consumption expanded throughout the century and new oil frontiers were developed, particularly in the Middle East, control of this "black gold" became a source of friction between Western powers and producing nations, fuelling countless wars and coups. A defining moment came when Arab members of the Organization of the Petroleum Exporting Countries imposed an oil embargo on the U.S. and other Western countries supporting Israel after the 1973 Yom Kippur war. This quadrupled oil prices almost overnight, triggering a global inflation shock.GREAT RESHUFFLINGThe embargo had wide-reaching implications. First, it drove governments and businesses to curb fuel consumption. U.S. drivers shifted to smaller, more efficient Japanese cars as Washington imposed fuel economy standards. European automakers pushed diesel engines, and heavy industry moved away from fuel oil toward coal and gas. More broadly, Western countries accelerated the development of domestic oil and gas resources, particularly in offshore basins. This reduced import dependence while also cutting the energy intensity of their economies. The crisis also prompted the formation of the International Energy Agency in 1974 to coordinate global responses to major oil disruptions, including the management of newly created national strategic petroleum reserves.Also read | India's GLP-1 boom slows amid price war, weak retentionOverall, it did not cause economies to abandon fossil fuels, but rather to use them more carefully.NEW ENERGY STRATEGY: DIVERSIFY, BUY LOCAL Fast forward to 2026, and a similar adjustment appears to be underway. But unlike the 1970s, there are now readily available, cost-competitive alternatives to fossil fuels that could erode oil and gas consumption. Asia, the region most exposed to the loss of Gulf supplies, initially responded to the Hormuz closure with dramatic measures, including four-day weeks, mandatory work-from-home policies and restrictions on air and car travel. Some industries were also forced to shut down capacity because of energy shortages.But these were emergency measures, meant to be reversed once oil flows normalised. What matters more are the structural changes that could determine how the world's fastest-growing energy market powers itself in the years ahead. Asian economies have long focused on securing the cheapest energy to drive growth. The lesson of Hormuz is that energy security trumps everything - including cost. To that end, countries like India and Pakistan will now invest in domestic oil reserves, following IEA members and China.Major energy importing nations, including India, Pakistan and Japan, are also looking to reduce their exposure to oil and gas by accelerating investment in domestic renewables, nuclear and even coal. In South Korea, a major petrochemical and industrial powerhouse, President Lee Jae Myung in April calledfor efforts to explore alternative supply chains, pursue mid- to long-term industrial restructuring and move toward a "plastic-free economy" to be promoted as key national projects.Europe wasn't hit as hard by the Iran crisis, but the continent has now endured two major energy supply shocks in under five years. After Russia's invasion of Ukraine in 2022, Europe was forced to rapidly replace sanctioned energy supplies, sending gas prices soaring and triggering a painful contraction in consumption as countries introduced energy-saving measures. Energy-intensive industries, including chemicals, glass and steel, also shrivelled, as fuel costs made them uncompetitive globally. European gas demand dropped by over 20% between 2021 and 2023 and has only recovered modestly since then, while renewables have become a bigger part of the continent's energy mix. The latest shock looks set to accelerate this trend.FOLLOW THE MONEY Capital is already following these new energy priorities globally. Despite the destabilising effect of the Middle East conflict, global energy investment is expected to reach $3.4 trillion this year, up 5% from 2025, according to the IEA's World Energy Investment report.Much of that spending is flowing into alternatives to oil and gas and system resilience. That suggests the move away from oil is gaining traction, if only at the margins.Electric vehicle sales surged in the first quarter of 2026, rising by 30% year-on-year in Europe, 75% in Latin America and 80% in Asia Pacific, according to the IEA. Solar trade flows tell a similar story, with Chinese panel exports jumping by 120% to Africa and 150% to Southeast Asia.In Africa, 15 countries reported record solar imports of more than $400 million in the first quarter alone, compared with $650 million for all of 2025.Energy efficiency is also moving higher on the policy agenda. Global spending in this area already stands at around $350 billion per year, and the scope of such policies continues to broaden. The IEA estimates that roughly 20 countries have announced new efficiency measures in direct response to the Hormuz crisis.This is not to say that oil and gas will be displaced from the centre of the global energy system any time soon. Oil remains deeply embedded in transport, agriculture and construction, while rising electricity demand - fuelled by industrial expansion, air conditioning and AI data centres - is reinforcing the role of gas. The question is about direction. For much of the last century, the direction of travel for fossil fuel use was invariably up and to the right. The Hormuz crisis may change that.(Ron Bousso is a columnist for Reuters. The opinions expressed here are personal)

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GLOBAL NEWS | Fri, 26 Jun 2026, 11:32AM IST Stock markets across Asia tumbled, as investors continue to wrestle with whether the boom in artificial intelligence spending is overdone or just beginning.

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INDIA MARKET | Fri, 26 Jun 2026, 11:32AM IST Lupin today announced that it has received tentative approval from the United States Food and Drug Administration (U.S. FDA) for its Abbreviated New Drug Application for Enzalutamide Tablets, 40 mg, 80 mg, 120 mg, and 160 mg.

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INDIA MARKET | Fri, 26 Jun 2026, 11:32AM IST To establish pharma manufacturing facility in Sri Lanka

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INDIA MARKET | Fri, 26 Jun 2026, 11:32AM IST Governor, Reserve Bank of India, Sanjay Malhotra yesterday met in Mumbai with representatives of various Export Federations, Export Promotion Councils, Export Committee of Confederation of Indian Industry and Foreign Exchange Dealers' Association of India. In his address, the Governor highlighted significant contribution of exporters to India's economic transformation and commended their resilience amid an uncertain global trade environment and evolving geopolitical challenges. He underscored the importance of such engagements in understanding stakeholder concerns and facilitating informed policy formulation.

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INDIA MARKET | Fri, 26 Jun 2026, 11:31AM IST Refex Industries announced that it has secured an order worth approximately Rs 21.15 crore from a major power producer, a Maharatna Central Public Sector Enterprise (CPSE).

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INDIA MARKET | Fri, 26 Jun 2026, 11:27AM IST United Nations agency halted the evacuation of ships through the Strait of Hormuz after the British military said a vessel was hit by a projectile off the coast of Oman.

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INDIA NEWS | Fri, 26 Jun 2026, 11:20AM IST MANAMA: US President Donald Trump's administration has pushed hard to present a united front on the Iran war, but statements by his vice president and secretary of state have at times diverged over the past week, especially on the subject of Israel.Vice President JD Vance, speaking at the White House last week, lashed out against Israeli critics of the preliminary U.S.-Iran deal. He suggested that Israeli bombings of civilian infrastructure in Beirut - intended to weaken Hezbollah, which has been attacking Israel - were undermining U.S.-led peace efforts.Also read: Trump's seven objectives that remain unfulfilled as officials say Iran war could soon endSecretary of State Marco Rubio, who traveled through the Gulf this week, defended Israel's military campaign in Lebanon, repeatedly describing its actions as a justified response to Hezbollah attacks. Pressed on Vance's criticism, Rubio deflected before recounting an assault by the Lebanon-based militia on an Israeli checkpoint earlier in the week.The contrast suggests that, even as the administration has emphasized unity, differing worldviews are at times rising to the surface - a challenge for a White House whose political coalition is deeply divided on foreign policy matters. It also offers an early glimpse of the Republican Party's future, with Rubio and Vance both seen as potential 2028 presidential contenders.Both Vance and Rubio were dispatched on high-profile trips abroad over the past week to defend the preliminary peace accord inked between Washington and Tehran on June 17.Vance traveled to Switzerland for a round of talks with Iranian officials. Speaking to reporters on Sunday, he struck a decidedly optimistic tone on the state of talks with Iran. He has also said repeatedly in recent weeks that Gulf states could fund Iran's reconstruction.Also read: JD Vance says talks with Iranian officials set 'good foundation' for a deal to end US-Iran warHe has also frequently mentioned the possibility of a new, more cooperative relationship between Iran and the U.S., revealing in an interview released on Thursday that the U.S. had invited an Iranian intelligence official to serve as a deconfliction liaison with the Pentagon in Qatar.Rubio, meanwhile, visited the United Arab Emirates, Kuwait and Bahrain to reassure allies - some of whom are concerned that the interim U.S.-Iran accord is too generous to Tehran - that their interests will be protected.On Tuesday, Rubio said he would not ask Gulf allies during his trip to fund Iran's reconstruction, saying such a possibility was "far down the road." During a meeting with regional officials on Thursday, he emphasized that any deal has to be ironclad as it relates to U.S. interests and those of its allies."While we want a deal, we don't want a deal at any price," he said.'LOCKSTEP BEHIND PRESIDENT TRUMP'The White House vigorously denied any divergence between the two officials."There is one camp - President Trump's camp - and the entire administration is fully behind the President's efforts to ensure Iran can never possess a nuclear weapon," said White House spokeswoman Anna Kelly.State Department spokesman Tommy Pigott called the idea that there were any foreign policy divisions between Rubio and Vance a "tired and fake" narrative, saying, "The entire administration is 100% in lockstep behind President Trump."Also read: Rubio hails US-Gulf Arab unity despite region's persistent concerns about Iran agreementA separate State Department spokesperson further argued there was no divergence between the two officials on Lebanon, saying the administration's goal was to restore Lebanese government sovereignty over its entire territory.Some analysts and commentators are unconvinced.Michael Rubin, a senior fellow at the American Enterprise Institute think tank, said Rubio and Vance held clearly different views. "At their core they represent different strains," he said.The two officials come from radically different foreign policy backgrounds. Before taking office last year, Vance frequently criticized foreign wars as a waste of lives and money. Rubio made a name for himself as a "hawk" in the Senate, where he pushed for a more confrontational stance toward Iran, Russia and Cuba.Both men are seen as potential successors to Trump and are the product of powerful, competing constituencies within the Republican Party.On one side are "neoconservatives" whose adherents are more likely to advocate for foreign intervention. On the other are Republican voters and policy professionals who argue that many recent foreign wars were costly and reckless.Only 52% of Republicans believe the current conflict has put the U.S. in a stronger position, according to a Reuters/Ipsos poll that closed Monday, suggesting a party divided between those camps.Also read: Oil export curbs waived, blockade lifted: Iran says 'major progress' in US talksBoth Rubio and Vance have nevertheless supported all of Trump's major foreign policy decisions, including his capture of Venezuelan leader Nicolas Maduro, his attack on Iran in February and his subsequent decision to pursue peace. Both have even used similar talking points in recent weeks, saying they will judge Tehran's actions, not words, as negotiations unfold.Asked by a reporter on Thursday to what degree his views on Iran differed from those of Vance, Rubio said they both took their lead from Trump."Everyone here is aligned behind the president," he said.

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INDIA MARKET | Fri, 26 Jun 2026, 11:16AM IST BEML said that it has received an additional export order valued at approximately $5.35 million from the Middle East region for the supply of heavy earth moving equipment for infrastructure development applications.

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INDIA BUSINESS | Fri, 26 Jun 2026, 11:15AM IST The drug that has received the final approval from the US regulatory body is Oseltamivir Phosphate for Oral Suspension, 6 mg/mL

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INDIA BUSINESS | Fri, 26 Jun 2026, 11:15AM IST Under the draft proposals, companies will also be allowed to participate in the term money market as lenders but smaller non-bank finance firms will be excluded

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INDIA BUSINESS | Fri, 26 Jun 2026, 11:13AM IST The bonds will be guaranteed by the parent firm as well as subsidiaries Twin Star Holdings, Welter Trading and Vedanta Holdings Mauritius II

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INDIA NEWS | Fri, 26 Jun 2026, 11:09AM IST From AI-enabled surveillance to automated incident detection, here's how Advanced Traffic Management Systems will transform highway travel

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INDIA MARKET | Fri, 26 Jun 2026, 11:08AM IST Bank of America says AI assistants are becoming more capable, but India's preference for specialist apps and trusted buying habits could slow a shift to one app for everything.

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INDIA MARKET | Fri, 26 Jun 2026, 11:05AM IST Micron and Qualcomm rallied on strong AI optimism, while Apple tumbled after raising product prices. Easing Treasury yields and hopes for softer inflation kept the broader U.S. market largely steady.

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INDIA MARKET | Fri, 26 Jun 2026, 11:04AM IST Reserve Bank Governor Sanjay Malhotra on Thursday met representatives of export organisations and discussed matters related to Foreign Exchange Management Act (FEMA). In his address, the Governor highlighted significant contribution of exporters to Indias economic transformation and commended their resilience amid an uncertain global trade environment and evolving geopolitical challenges. He underscored the importance of such engagements in understanding stakeholder concerns and facilitating informed policy formulation.

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INDIA BUSINESS | Fri, 26 Jun 2026, 11:00AM IST The tentative approval allows Lupin to market the generic prostate cancer treatment in the US after patent and exclusivity barriers expire

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INDIA BUSINESS | Fri, 26 Jun 2026, 10:57AM IST In an interim order passed on May 29, the Delhi HC also asked Meesho to disclose details of the sellers behind the listings

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INDIA BUSINESS | Fri, 26 Jun 2026, 10:56AM IST Mumbai's Western Railway faced significant morning delays today, with suburban services running 10-15 minutes late. An overhead equipment snag between Dadar and Churchgate, affecting the Vande Bharat Express, and a subsequent point failure at Churchgate disrupted services during peak hours. While faults were rectified, commuters experienced extended travel times, with some Central Railway users also reporting delays.

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INDIA NEWS | Fri, 26 Jun 2026, 10:56AM IST Mumbai: Western Railway's suburban train services were delayed by 10 to 15 minutes on Friday morning following an overhead equipment (OHE) snag and a point failure, an official said.The snag occurred on the down-fast line between Dadar and Churchgate stations around 6 am, he said.Read more: Man killed on Mumbai local train during fight over keeping doors open amid rainsThe Ahmedabad-bound Vande Bharat Express departed from Mumbai Central station but came to a halt after encountering the OHE power supply disruption.After the issue was resolved around 7.22 am, a train crossing point failure at Churchgate station disrupted movement on the up and down lines between 8.10 am and 8.40 am, further impacting suburban services during morning rush hours, the official said.Both the faults were rectified but suburban trains continued to run behind schedule by around 10 to 15 minutes.Read more: Western Railway upgrades key routes for faster trains, eyes 160 kmph on Mumbai-Delhi corridorA commuter travelling from Virar to Marine Lines said Churchgate-bound local trains were bunching up and taking longer than usual to reach their destinations.Some Central Railway commuters too complained about delayed suburban services towards CSMT due to a point failure near Kalyan station, but there was no official confirmation from Central Railway.

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INDIA MARKET | Fri, 26 Jun 2026, 10:56AM IST A Singapore-flagged vessel was damaged in the attack, prompting the International Maritime Organization to suspend its evacuation plan for ships stranded in the Persian Gulf.

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INDIA MARKET | Fri, 26 Jun 2026, 10:55AM IST Japanese government bond yields dipped on Friday as investors adjusted portfolios following a significant surge in the nation's stock market. The benchmark 10-year yield saw a notable decrease, even as inflation in Tokyo accelerated, suggesting the central bank might consider further rate hikes. This shift indicates a strategic move by investors to rebalance their holdings at the quarter's end, prioritizing stability after equity market gains.

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INDIA MARKET | Fri, 26 Jun 2026, 10:43AM IST Tata Motors' acquisition of Iveco's commercial vehicle business is delayed until September 2026, a move market expert Sudip Bandyopadhyay finds "disappointing" but still sees as a "fantastic leap up." The deal promises a seamless product range and global expansion. Meanwhile, the Indian auto sector anticipates a monsoon-driven boost, with Maruti Suzuki and Mahindra & Mahindra poised to benefit from rural demand. Bajaj Auto's strong export performance also fuels optimism.

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INDIA MUTUAL FUNDS | Fri, 26 Jun 2026, 10:39AM IST Over the last 10 years, microcaps delivered the highest returns, outperforming midcaps, small caps, and large caps. Here is a detailed breakup, as reported by ET Wealth.

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INDIA COMMODITIES | Fri, 26 Jun 2026, 10:37AM IST Global crude oil prices fell sharply on Friday, with Brent slipping below $75 a barrel, as fears of supply disruptions through the Strait of Hormuz eased despite fresh Middle East tensions. Brent dropped over 1% to $74.33, while WTI fell more than 2% to $70.46.

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