US stocks: S&P 500 ends higher as investors await tech earnings
INDIA MARKET | Wed, 29 Jul 2026, 1:32AM IST
The S&P 500 index closed higher on Tuesday, boosted by gains in Boeing and Coca-Cola. Chip stocks experienced a significant decline as investors awaited quarterly reports from major tech firms. Microsoft and Amazon saw movement ahead of their upcoming earnings announcements this week. Apple's stock value surpassed five trillion dollars for the first time as it climbed. The Federal Reserve's interest-rate decision is a key focus for markets on Wednesday.
Continue reading at Economic Times
25m
Apple briefly tops $5 trillion in market value, second after Nvidia; unveils iPhone leasing scheme
INDIA MARKET | Wed, 29 Jul 2026, 12:56AM IST
Apple briefly surpassed $5 trillion in market value, becoming only the second company after Nvidia to reach the historic milestone.
Continue reading at Economic Times
1h
Air India's provisional Q1FY27 loss likely to cross Rs 1,200 crore
INDIA BUSINESS | Wed, 29 Jul 2026, 12:54AM IST
Singapore Airlines reported a net loss of 311.78 crore from its Air India stake. Air India's provisional loss for the fiscal first quarter exceeded 1,200 crore. High fuel costs and airspace closures pressured the carrier's operations. Despite losses, SIA and Tata Sons remain committed to Air India's transformation. A full turnaround for Air India is projected to take up to a decade.
Continue reading at Economic Times
1h
Draft final probe report of AAIB in Ahmedabad plane crash will be filed in October, SC told
INDIA BUSINESS | Wed, 29 Jul 2026, 12:50AM IST
The Supreme Court will receive the draft final report on the Air India flight AI-171 crash in October. The Aircraft Accident Investigation Bureau is preparing this report in a sealed cover. Simulation tests have been conducted as requested by petitioners in the ongoing investigation. The Federation of Indian Pilots can submit their inputs for consideration by the bureau. The court has scheduled further hearings for these petitions on October thirteenth.
Continue reading at Economic Times
1h
Canara Bank to frontload ECL provisioning, plans 8,000 cr capital raise
INDIA BUSINESS | Wed, 29 Jul 2026, 12:44AM IST
Canara Bank will frontload expected credit loss provisioning within two years. The bank revised its provisioning projections upward to 12-13,000 crore. This move will impact the capital adequacy ratio by sixty basis points. Canara Bank plans an 8,000 crore capital raise to cover this impact. The bank's gross advances grew eighteen percent year-on-year.
Continue reading at Economic Times
1h
Tata Consumer preps F&B push for post-weight-loss needs
INDIA BUSINESS | Wed, 29 Jul 2026, 12:42AM IST
Tata Consumer Products is developing new foods and beverages. These products will help manage side effects from weight loss medications. The company plans to introduce these items within the next sixty days. This initiative addresses reduced protein and fiber intake from such drugs. Demand outlook remains positive despite global economic challenges.
Continue reading at Economic Times
1h
SBI, HDFC Bank seek $1.7 billion overseas
INDIA NEWS | Wed, 29 Jul 2026, 12:31AM IST
Mumbai: Two of India's largest banks, State Bank of India (SBI) and HDFC Bank are together raising an aggregate of at least $1.7 billion through loans from foreign banks as they shore up their dollar resources to take advantage of the Reserve Bank of India's (RBI) special facility to attract dollars into the country.SBI is raising $1 billion through a five-year loan from HSBC and Japanese bank MUFG which will be syndicated to other lenders next month. This is in addition to the $500 million India's largest lender had raised, first through a $300 million three-year senior unsecured floating-rate bond issue in late June and later by tapping an existing outstanding bond issue due in July 2029 to raise another $200 million.Also read: FCNR(B) deposit drive could pressure banks' profitabilityHDFC Bank is in line to raise at least $700 million through a 3.5-year loan from Standard Chartered and a clutch of Taiwanese banks, including CTBC, at 110 basis points above the benchmark secured overnight funding rate (SOFR), people familiar with the matter said."All large Indian banks are in the dollar fund market to raise funds. SBI's fundraise is a little advance and will soon be syndicated to a wider section of banks. HDFC's loan, on the other hand, is a club loan and individual banks will take limits according to their ability which is why it is more fluid. The loan size in HDFC's case could go up to $1 billion as more banks join the deal," said a person familiar with the details.Also read: Patchy rains may hit rural lending, banks stay cautiousThe money will most likely be used by both the banks to provide leverage to overseas clients making FCNR (B) deposits with the bank. RBI is absorbing the entire currency hedging cost for banks on fresh three- to five-year FCNR (B) deposits, allowing banks to raise fresh funds without worrying about the hedging costs.SBI, HDFC and MUFG did not reply to an email seeking comment. HSBC and Standard Chartered declined to comment.
Continue reading at Economic Times
1h
SBI, HDFC Bank seek $1.7 billion overseas to boost dollar resources
INDIA BUSINESS | Wed, 29 Jul 2026, 12:31AM IST
State Bank of India and HDFC Bank are raising significant dollar funds. These large Indian banks are borrowing from foreign institutions to boost reserves. The banks aim to leverage the Reserve Bank of India's special dollar attraction facility. This move allows them to attract overseas client deposits without hedging costs. Both institutions are actively participating in the international dollar funding market.
Continue reading at Economic Times
1h
FCNR(B) deposit drive could pressure banks' profitability
INDIA BUSINESS | Wed, 29 Jul 2026, 12:30AM IST
Banks' leverage on FCNR(B) deposits could pressure profit margins. Overseas interest rates are lower, and lending spreads remain thin. This impacts banks with lower funding costs, like ICICI Bank and HDFC Bank. The FCNR(B) scheme has mobilized over $32 billion by mid-July. Deployment of these funds profitably is key for banks' success.
Continue reading at Economic Times
1h
Patchy rains may hit rural lending, banks stay cautious
INDIA BUSINESS | Wed, 29 Jul 2026, 12:30AM IST
Bankers are closely watching monsoon rains and their impact on rural credit. Uneven rainfall poses inflation risks for summer crops and rural incomes. A strong winter harvest offers some financial cushion for lenders. Early stress is visible in personal and micro-enterprise loan segments. Lenders may slow small-ticket loan delivery due to risk aversion.
Continue reading at Economic Times
1h
ONGC okays $500 million guarantee for MRPL to import oil from Aramco
INDIA NEWS | Wed, 29 Jul 2026, 12:19AM IST
ONGC approved a $500 million guarantee for MRPL's crude imports from Aramco as India plans to source up to 25% of its 2027 LPG imports from the US
Continue reading at Business Standard
1h
Yemen's Houthis Fire Ballistic Missiles At Saudi Vessel In Fresh Flare-Up In Red Sea
INDIA MARKET | Wed, 29 Jul 2026, 12:16AM IST
Houthi claims on Red Sea tanker raise fresh fears over global oil supply disruptions.
Continue reading at NDTV
1h
INDIA BUSINESS | Wed, 29 Jul 2026, 12:15AM IST
NTPC is setting ambitious goals with a proposed investment of 16.68 lakh crore over the next eleven years. By 2037, the company aims to nearly triple its energy generation capacity, focusing on renewable sources to achieve 136 GW. Additionally, plans include establishing 30 GW of nuclear power by 2047, alongside the development of a significant green hydrogen hub near Visakhapatnam.
Continue reading at Economic Times
1h
Will continue to invest in India: Unilever CEO Fernando Fernandez
INDIA BUSINESS | Wed, 29 Jul 2026, 12:15AM IST
The dove soap maker expects its India arm, Hindustan Unilever, to deliver a high-single digit growth in the coming quarters, with profit growth slightly outpacing revenue growth, according to chief financial officer Srinivas Phatak. HUL has outperformed its global counterparts in terms of significant metrics in the first quarter of FY27, such as volume and value growth which stood at 5% and 10%, respectively.
Continue reading at Economic Times
1h
Gibson Dunn Hires Rival Wachtell Liptons Co-Chair
GLOBAL NEWS | Wed, 29 Jul 2026, 12:03AM IST
Gibson Dunns hiring of the seasoned litigator William Savitt highlights the fierce competition for top lawyers across Wall Street.
Continue reading at The New York Times
1h
Auto cybersecurity rules in works
INDIA NEWS | Wed, 29 Jul 2026, 12:03AM IST
New Delhi: India has begun work on a stringent cybersecurity compliance framework that will apply to all new vehicles sold in the country, officials said. The government initiative follows recent instances of unauthorised tampering of e-rickshaw batteries through mobile apps.The proposed framework mandating cybersecurity safeguards would be ready in the next six months, one of the officials told ET."We are evaluating the interventions required," the official said, adding that the safeguards under the proposed framework will emphasise on hacking-proof ability compliance for all new vehicles sold in the country.Features where drive data is collected, processed, and used to give commands to the vehicle are being examined, the official said. He said the possibility of improving cybersecurity of existing connected vehicles through over-the-air updates is also being examined.Also read | Govt proposes three-year PUCC validity for BS-VI vehiclesWhile the government banned mobile apps used for hacking e-rickshaw batteries, concerns have surfaced about a possible sabotage of semi-autonomous vehicles having the latest driver assist technologies such as automatic parking, braking, and lane assist.132692978According to a Niti Aayog assessment, 90% of all passenger vehicles sold in 2030 will be advanced driver assistance systems (ADAS)-enabled with safety features such as lane departure warning, adaptive cruise control, and automatic emergency braking.The Centre is also in discussions over collection of data by these new-age vehicles.Also read | New coming: Why Indian govt wants new banknotes and how these currencies will help"These vehicles share their location over the internet and process vast information regarding surroundings," a second official said, adding the government is examining whether vehicle makers are storing and utilising the commuter and driver data in compliance with appropriate frameworks such as the Digital Personal Data Protection Rules (DPDP), 2025.
Continue reading at Economic Times
1h
Auto cybersecurity rules in works; framework to be ready in six months
INDIA BUSINESS | Wed, 29 Jul 2026, 12:03AM IST
India is developing a stringent cybersecurity compliance framework for all new vehicles. This initiative follows recent e-rickshaw battery hacking incidents through mobile applications. The proposed framework, expected within six months, will emphasise hacking-proof compliance for new vehicles.
Continue reading at Economic Times
1h
INDIA MARKET | Tue, 28 Jul 2026, 11:50PM IST
Manipal Health Enterprises secured Rs 4,167 crore from anchor investors for its upcoming IPO. The company's initial public offering is set to launch on July 29, aiming for Rs 9,275 crore. This public issue will include a fresh issue and an offer for sale by existing shareholders. Funds raised will be used for debt repayment and acquisitions, enhancing its hospital network.
Continue reading at Economic Times
2h
MSME Bill tabled, aims to speed up payments
INDIA NEWS | Tue, 28 Jul 2026, 11:50PM IST
Our BureauNew Delhi: The government Tuesday introduced in the Rajya Sabha the Micro, Small and Medium Enterprises (MSMEs) Development (Amendment) Bill, 2026, aimed at strengthening the mechanism for addressing delayed payments to small businesses and improving ease of doing business.The Bill seeks to amend the MSME Development Act, 2006. "There is a need to improve and modify the (Act) made in 2006," MSME minister Jitan Ram Manjhi said.A key provision of the Bill is to strengthen the framework for addressing delayed payments, a long-standing challenge for micro and small enterprises that often strains their liquidity and disrupts business operations.Also read | Govt companies request RBI to extend concessional forex swap by three monthsIt also seeks to provide for the enforcement of arbitral awards in favour of micro and small enterprises, with the objective of ensuring that decisions arising from arbitration proceedings are implemented more effectively and without undue delay.The Bill also proposes to give states greater flexibility in determining the composition of the Micro and Small Enterprises Facilitation Council, the statutory body responsible for resolving disputes related to delayed payments. The move aims to create an enabling framework that allows states to tailor the council's composition to their specific requirements.
Continue reading at Economic Times
2h
BDR Pharmaceuticals eyes controlling stake in Acme Formulation
INDIA BUSINESS | Tue, 28 Jul 2026, 11:49PM IST
PAG acquired a controlling stake in Acme Formulation for $145 million (?1,054 crore) through its PAG Asia III buyout fund in 2021. Founder and managing director Viral Shah retained a significant minority stake after the transaction and continued as managing director and CEO. PAG owns about 62% of the company, while Shah holds around 31%, with the balance is owned by other investors.
Continue reading at Economic Times
2h
India's Infrastructure Projects See Rs 4.92 Lakh Crore Cost Overruns: MoSPI
INDIA MARKET | Tue, 28 Jul 2026, 11:48PM IST
MoSPI's report shows India's 1,847 infrastructure projects have recorded Rs. 4.92 lakh crore in cost overruns.
Continue reading at NDTV
2h
India Curtailed 8,133 GWh Of Solar Power Despite Record Summer Electricity Demand
INDIA MARKET | Tue, 28 Jul 2026, 11:43PM IST
India's electricity grid curtailed 8,133 GWh of solar power amid transmission constraints, MNRE said.
Continue reading at NDTV
2h
Net FDI decline due to increased repatriation by foreign investors: Govt
INDIA NEWS | Tue, 28 Jul 2026, 11:40PM IST
Net foreign direct investment (FDI) declined in recent years, from USD 27.99 billion in FY23 to USD 6.95 billion in FY26, due to increased repatriation by foreign investors and rising Overseas Direct Investment (ODI) outflows, Parliament was informed on Tuesday.
Net FDI moderated to USD 10.13 billion in FY24 and further to USD 960 million in FY25, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha quoting RBI data.
In gross terms, he said, India registered a record FDI inflow of USD 94.84 billion in FY26 as compared to USD 80.61 billion in FY25.
"The decline in net FDI in recent years recovered to USD 6.95 billion in FY26 from USD 0.96 billion in FY25. The recent trend in net FDI inflows is associated with increased repatriation/disinvestment by foreign investors and rising Overseas Direct Investment (ODI) outflows," he said.
The ODI outflow on account of liberalized ODI rules notified in 2022 is helping Indian entities enhance their business
Continue reading at Business Standard
2h
Cyclospora Conspiracy Theories Have Social Media Users Jumping to Conclusions
GLOBAL NEWS | Tue, 28 Jul 2026, 11:35PM IST
On sites like X and TikTok, the conversation about Taylor Farms is dominated by conjecture about the produce firms donation to a Trump-linked PAC.
Continue reading at The New York Times
2h
Trapped In Ukraine: FSUI Pleads For Safe Return Of 13 Indian Seafarers
INDIA MARKET | Tue, 28 Jul 2026, 11:33PM IST
"The crew is living under constant fear of a direct hit at any moment," the FSUI stated.
Continue reading at NDTV
2h
Macro fundamentals of Indian economy remain strong amid global challenges
INDIA NEWS | Tue, 28 Jul 2026, 11:29PM IST
Macroeconomic fundamentals of the Indian economy remain strong, supported by robust domestic demand, healthy corporate balance sheets and sustained fiscal discipline amid global challenges, Union Minister Pankaj Chaudhary told Parliament on Tuesday.
Further, according to the RBI's Financial Stability Report (June 2026), the domestic financial system remains resilient, underpinned by strong bank and non-bank balance sheets, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Rajya Sabha.
"As a major player in global markets, India's economy is also linked with international trends, which impact its exchange rate movements. Since the start of the West Asia conflict, the Indian Rupee (INR) has depreciated against the US Dollar (USD) by 5.8 per cent in FY27 (from February 27 up to July 22, 2026)," he said.
At present, the macroeconomic fundamentals of the Indian economy remain strong, he said, adding real GDP has consistently grown at over 7 per cent during the
Continue reading at Business Standard
2h
The Traitors Season 2 Promo Drops: Shweta Tiwari, Fukra Insaan Set To Join? What We Know
INDIA MARKET | Tue, 28 Jul 2026, 11:25PM IST
Fukra Insaan, Shweta Tiwari and Kullu are reportedly joining Karan Johar's The Traitors Season 2.
Continue reading at NDTV
2h
Boeing shares rise 5% despite higher than expected Q2 loss on Air Force One costs
INDIA MARKET | Tue, 28 Jul 2026, 11:25PM IST
Boeing posted a wider-than-expected Q2 loss after a $280 million Air Force One charge, but shares rose 5% as positive free cash flow and higher aircraft production signaled progress in the planemakers turnaround.
Continue reading at Economic Times
2h
INDIA MARKET | Tue, 28 Jul 2026, 11:23PM IST
Manipal Health IPO comprises a fresh issue of 13.56 crore shares aggregating to Rs 8,000 crore and offer-for-sale (OFS) of 2.16 crore shares.
Continue reading at NDTV
2h
Delhi HC Orders Final Winding Up of Paytm Payments Bank; Ex-SBI CGM Takes Over As Liquidator
INDIA MARKET | Tue, 28 Jul 2026, 11:20PM IST
PPBL, an affiliate of the fintech company Paytm, was under regulatory scrutiny on several occasions.
Continue reading at NDTV
2h
RBI Buys Back Govt Securities Worth Rs 12,604 Crore Via Auction
INDIA MARKET | Tue, 28 Jul 2026, 11:18PM IST
The central bank received offers aggregating to Rs 16,959.07 crore from market participants.
Continue reading at NDTV
2h
more