Heavy rainfall in Mumbai led to waterlogging and traffic disruptions. The India Meteorological Department issued an 'Orange Alert' and predicted more showers. The Brihanmumbai Municipal Corporation reported over 100 mm of rainfall, with some areas receiving up to 150.2 mm.
India's missile and rocket systems have gained global recognition for their lower costs, battlefield credibility, and flexible export policies. This has positioned India as a major defence supplier to countries in Asia, Africa, and the Middle East.
JM Financial's top picks in the port sector after Q1 results include Adani Ports, JSW Infrastructure, and Concor. Adani Ports reported double-digit growth in revenue and profit, while JSW Infrastructure's revenue was in line with expectations but profit declined. Concor's earnings fell short of projections.
Tata Steel, India's top steel producer, is worried about the India-UK Free Trade Agreement as it could make its UK sites unviable and put jobs at risk. The deal allows for more steel imports from India, potentially hurting domestic production. Despite this, the agreement is predicted to enhance trade and generate 7-10 lakh jobs in labor-intensive industries over the next five years.
The Delhi-Meerut Namo Bharat corridor will see a decrease in train arrival time from every 10 minutes to every 8 minutes, starting July 30 until August 14. This is due to the addition of 52 more train trips per day by the NCRTC. The increased frequency will benefit commuters, especially during peak hours, as the corridor connects Delhi, Ghaziabad, and Meerut with 16 stations.
India's first Vande Bharat freight train, developed by Integral Coach Factory, has started technical trials in Kota Division. With a top speed of 145 kmph, it aims to enhance the transportation of parcels, e-commerce shipments, and temperature-sensitive cargo. Equipped with advanced systems, the month-long trials will evaluate its efficiency in handling heavy cargo.
Ambit Capital has given Fractal Analytics a 'Sell' rating with a target price of Rs 710, indicating a potential decline of 18%. The company faces challenges due to the fast growth of generative AI and its reliance on a few customers. Despite a strong position in enterprise analytics, its earnings and revenue growth may be affected by changing AI trends and customer concentration.
South Western Railway has announced special express services between SSS Hubballi and Kottayam, connecting Karnataka and Kerala during the Onam festival. Four special trains will run between the two cities, with stops at important stations. The trains will have 20 coaches to accommodate more passengers during the busy festive period. Check the schedule and timings before planning your journey.
FSSAI has increased its food safety enforcement drive in 2026, suspending licences and issuing notices over hygiene lapses, expired stock, unsafe handling, and misleading claims. The latest action was taken against Park Plaza in Delhi, where multiple critical and gross non-compliances were found, resulting in the suspension of its license.
Elon Musk is stepping back into US politics ahead of the 2026 midterm elections, this time with a major effort to help Republicans get more voters to the polls. Musk is bringing back his political group, America PAC, which spent more than $260 million helping Donald Trump win the 2024 presidential election, Axios reported.
Gen-AI is rapidly changing the Indian workforce, potentially taking on 9-17% of current tasks. However, it is expected to enhance rather than replace jobs, with 42-48% being complemented by AI. The most significant opportunities are in knowledge-based industries like healthcare, education, and finance, while physical jobs are less likely to be affected.
President Trump announced a $22.5 billion plan to revamp Washington Dulles Airport, in collaboration with USDOT, MWAA, and United Airlines. The project aims to create jobs, increase flight capacity, and modernize facilities with new terminals, a parking garage, and improved walkability. Construction is underway and expected to finish in two years.
CLSA retained its bullish stance on Coforge and LTIMindtree after Cognizant cut its revenue growth outlook, saying select mid-cap IT firms offer better risk-reward than large-cap peers. The brokerage cited stronger growth visibility, resilient BFSI demand, improving order books and healthier execution despite rising AI-driven disruption.
Voting is underway for by-polls in three important assembly seats in Bihar, Madhya Pradesh, and Gujarat. The counting of votes is scheduled for August 3, with the Bharatiya Janata Party (BJP), Congress, RJD, and Jan Suraaj all vying for a win. In Bankipur, the BJP has fielded Neeraj Kumar Sinha, while RJD leader Tejashwi Yadav is confident of winning.
Meta is spending more money than ever to build its artificial intelligence (AI) future, and that heavy investment is now starting to show in its financial results.
South Central Railway has extended the operation of special trains between Charlapalli and Patna until September 18, 2026. The trains will run on selected days between August and September, providing extra connectivity on the busy Telangana-Bihar route. The trains will stop at major stations along the route and offer a mix of coach classes. The schedule, route, and coach details are provided.
South Central Railway has announced special train services between Tirupati and Nagarsol to clear the extra rush of passengers. These trains will provide additional rail connectivity and facilitate passenger movement across four states. The special trains will run on August 23 and 26, 2026, with stoppages at major stations in Andhra Pradesh, Karnataka, Telangana, and Maharashtra.
The US Federal Reserve has decided to maintain its benchmark interest rate at 3.5% to 3.75%, with three policymakers in favor of a 25 basis point increase. Federal Reserve Chair Kevin Warsh welcomed the debate, stating that it addressed crucial questions about monetary policy.
The Federal Reserve has maintained its interest rate at 3.5% to 3.75% for the fifth consecutive meeting, with a 9-3 vote. Despite strong economic growth and a resilient labor market, inflation remains above the 2% target. Fed Chair Kevin Warsh announced a new approach to policymaking, prioritizing facts over forecasts.
India's nuclear power plans have reached 70 GW with a potential investment requirement of Rs 10.8-14.4 lakh crore. The identified pipeline includes 71.86 GW from companies like NTPC, Adani Power, Reliance Industries, Naveen Jindal Group, Tata Power, Hindalco Industries, and BHAVINI.
The India-New Zealand FTA offers a great chance for sixth-generation sheep farmer William Beetham to grow his business by exporting premium lamb and wool to the growing Indian market. He believes that the removal of tariffs will lead to increased exports and the development of strong business partnerships.
NCDEX has launched NCDEX Nidhi, a new mutual fund platform designed to bridge the investment gap in rural and semi-urban areas of India. The platform offers distributors the option to transact directly or integrate APIs into their systems, with key features such as accurate timestamping, universal SIP autopay, and flexible transaction support.
SBI successfully raises Rs 4,691 crore through first AT1 bond issuance of the fiscal year, with bids exceeding base size. The perpetual bonds have a call option after five years and are rated AA+ by CRISIL and CARE. Diverse investors, such as provident funds, pension funds, and banks, demonstrate their confidence in the largest bank in the country.
India's Commerce and Industry Minister, Piyush Goyal, stated that the country plans to increase exports to the US as long as it has a tariff advantage. The US has imposed additional tariffs on 60 countries, including India, for importing products made with forced labour.
Indian equity markets saw a positive day on Wednesday, with the Sensex and Nifty rising 889 and 265 points, respectively. IT and metal stocks were the top performers, while mid- and small-cap stocks also saw gains. The rise in IT stocks was due to a correction in global AI and semiconductor stocks, while strong industrial production data drove the rally in metal stocks.
Inox Wind has secured a 200-MW turnkey order worth ₹1,600 crore from NLC India, taking its order book to 4.7 GW. The project will be commissioned within 24 months and Inox Wind will handle all aspects of execution. The company's diversified order pipeline and strong manufacturing infrastructure puts it in a good position to meet the growing demand for renewable energy in India.
The use of maize and rice as feedstock for ethanol production has increased substantially in the past six years, with maize surpassing rice in the last couple of years. In the ESY 2024-25, 13.11 MT of maize and 5 MT of rice were used for ethanol production. In the ESY 2025-26, 6.79 MT of maize and 5.4 MT of rice were used. The inclusion of maize as a feedstock has
CareEdge Ratings predicts that a potential disruption at the Strait of Hormuz and Bab-el-Mandeb could raise Brent crude prices to $130-135 per barrel, resulting in credit difficulties for Indian companies. West Asian tensions have expanded to the Red Sea, with Iran instructing Houthis to prepare for closure and reported attacks on Saudi oil vessels.
India's services sector experienced a decline in growth in May, with 17 out of 19 sectors showing a decrease compared to April. Despite this, the sector remains a crucial contributor to the economy, with 8 sectors recording double-digit growth. Accommodation and food services saw the highest expansion, while IT and computer related services saw a slower growth.
The Indian government is considering allowing FDI in inventory-based e-commerce platforms for export of domestically made products to boost demand and benefit MSMEs. The previous ban aimed to protect local producers, but now the focus is on facilitating exports and accessing global markets. However, there are concerns about potential risks and unfair competition.
Economists believe that the government's plan to decrease the debt-to-GDP ratio to 49-51% by March 2031 will be difficult due to changes in GDP series and external fiscal challenges. Meeting this target would require strong nominal GDP growth and gradual fiscal consolidation, which may be hard to achieve.
India's methanol prices have doubled due to Gulf production disruptions caused by the West Asia conflict. Imports from Middle East have decreased while imports from China, Venezuela, and Malaysia have increased. Global methanol output has been affected and prices are expected to stay high. The Indian government is working to decrease dependence on imports.
The Gujarat government is reviving the struggling Alang-Sosiya Ship Recycling Yard through modernization and expansion. Phase I of the project will add 4.5 million LDT per annum of recycling capacity, aiming to improve competitiveness and prepare for future demand.
M&M approves transfer of truck and bus business to subsidiary SML Mahindra for ₹525 crore. This will create an integrated commercial vehicle platform and simplify M&M's business structure while strengthening its presence in the sector. The transfer will ensure continuity for all stakeholders - dealers, customers, suppliers and employees.
Hindustan Unilever's stock is trading close to its 52-week low of Rs 2,016, a significant drop from its 52-week high of Rs 2,715.44. Analysts believe that the stock's technical indicators suggest caution, with MACD in negative territory and RSI near the neutral zone. Despite the recent recovery, HUL continues to trade below its 200-day EMA, indicating a weak trend.
L&T's shares saw a 3.8% surge after reporting strong quarterly earnings for FY27, despite challenges in the West Asia region. Key brokerages maintained their ratings and raised price targets, citing a resilient performance and strong order inflow prospects of Rs 15 lakh crore. The company's management expects normalisation in execution and a 10-12% revenue growth in FY27.
Jefferies maintains 'Buy' ratings on Indian stocks across various sectors, citing improving earnings visibility and favourable sector-specific trends. Top picks include Coal India, Bharti Airtel, Hindustan Unilever, Coforge, KFin Technologies, AU Small Finance Bank, and IDFC First Bank.
Montblanc's new Writers Edition fountain pen, dedicated to Bram Stoker, is priced at $223,000 and draws inspiration from Dracula's gothic imagery. It features Stoker's signature and a clip designed like a vampire bite, continuing the brand's tradition of honoring literary figures through symbolism and craftsmanship. Although not their priciest pen, it is one of their most exclusive releases.
Indo-MIM IPO to list on NSE and BSE on July 30 with strong demand seen during subscription period. Investors can check allotment status on various platforms. Grey market shows healthy premium, but remember it is unofficial. IPO subscribed 72.34 times, with QIB showing strongest demand.
Pune's Inner Ring Road project, costing ₹14,200 crore, aims to enhance connectivity between key transport, IT, and industrial hubs. Authorities are prioritizing land acquisition and project formalities to finish within 6-7 months. The 83.12 km road will feature 11 tunnels, 17 major bridges, and 9 interchanges, offering a solution to traffic congestion in the city.
Tripura government signs landmark MoUs with National Stock Exchange to promote financial literacy, entrepreneurship and investment in the state. Chief Minister Professor (Dr.) Manik Saha calls it a crucial step towards economic development and empowering youth. The partnerships aim to support MSMEs, enhance skills of government officials and familiarize young people with capital markets.
The MSME Development Bill 2026 introduced by Union Minister Jitan Ram Manjhi in Rajya Sabha aims to enhance payment processes, ease compliance, and expedite dispute resolution for MSMEs. It mandates CPSEs to use TReDS for invoice settlement and proposes a national digital platform for MSME registration. It also sets deadlines for government departments to clear pending payments to MSMEs.
Mumbai is undergoing a transportation revolution with the Orange Gate–Marine Drive Tunnel project. The 9.239-km tunnel will be completed in 54 months, cutting travel time between Orange Gate and Marine Drive to just five minutes. With two lanes and a design speed of 80 kmph, it will ease traffic congestion on busy roads, reducing journey time by 20-30 minutes.
Macquarie maintains 'Outperform' rating on diverse set of Indian companies, citing governance clarity, capacity expansion, and resilient operating performance as key drivers. The brokerage recommends focusing on long-term growth drivers rather than near-term volatility.
Cipla and Dr. Reddy's Laboratories started FY27 with varying earnings, but both confirmed their core businesses' strength despite challenges. Cipla achieved record first-quarter revenue, while Dr. Reddy's faced lower earnings due to a semaglutide API provision.
KFin Technologies, a major player in India's mutual fund sector, had a mixed June quarter due to lower yields and a slowdown in IPOs. But top brokerages are optimistic about the stock, citing its strong position in the growing mutual fund industry, expansion into new businesses, and cost-saving measures.
He built IKEA into a $58 billion global empire, yet Ingvar Kamprad drove a 20-year-old Volvo, flew economy class, and shopped at flea markets until the end of his life. Nicknamed 'Uncle Scrooge' for his lifestyle, the billionaire believed frugality wasn't just personal — it was the philosophy that built his entire company.
A rare home tour of Sonam Wangchuk's Ladakh residence reveals how mud walls, passive solar design and composting toilets keep the house warm through brutal Himalayan winters, without a single heater.
Andhra Pradesh is rapidly becoming a top destination for renewable energy in India, with a four-fold increase in capacity addition by 2025-26. Investor-friendly policies, faster project clearances, and significant investments in infrastructure have led to this turnaround. This surge not only supports India's clean-energy goals but also creates opportunities for investment and employment.
Madhya Pradesh Cabinet approves projects worth Rs 2,480 crore for infrastructure, irrigation, sports, technology, women's welfare, administration, and farmer support. Major decisions include hosting the Women's Asian Hockey Champions Trophy 2026, boosting drone technology, irrigation projects, IT parks, and digital governance tools.
DCM Shriram shares jumped 7% as the company reported a six-fold increase in net profit for Q1, including a positive tax adjustment and exceptional gains. Revenue surged 9.5%, driven by the Chemicals and Fenesta Building Systems segments. EBITDA increased 11%, and margin expanded marginally. The company's share price has risen 2.3% in the last five trading sessions.