India and Germany have joined forces to create a scientific mine-closure model, with a budget of $5 billion allocated by the government. The focus is on environmental protection, technology, community involvement, and economic opportunities. India has already closed 42 coal mines and plans to shut down 147 more, with a focus on utilizing the reclaimed land for renewable energy & eco-tourism.
RBI staff report states that although the southwest monsoon's uneven progress has delayed kharif sowing, its impact on food inflation is likely to be limited due to high public foodgrain stocks. The Indian economy has remained robust in June, supported by improving rural and urban demand.
Household financial assets have decreased to Rs 21.4 lakh crore or 6.2% of GDP in FY26, with liabilities increasing. While gross financial assets have grown, the share of equities has dropped, and bank deposits have risen. The pandemic caused a decline in net financial assets in FY23, but they have since increased.
India's net foreign direct investment is predicted to rise in the current financial year due to a surge in gross inflows and a decrease in repatriation outflows. Economists forecast a four-year peak of $15 billion in net FDI inflows in FY27, with gross FDI inflows reaching a record high of $94.8 billion in FY26. Outbound investments by Indian companies will remain high, adding strain on net FDI.
The US's plan to impose a 100% tariff on imported generic medicines has sparked worry for the Indian pharma industry. This could lead to higher prices and shortages in the US. As a result, pharma stocks declined and the Nifty Pharma Index fell by 2.10%. Lupin, Piramal Pharma, and Ajanta Pharma were the worst performers, while Sun Pharma also ended lower.
Benchmark equity indices, Sensex and Nifty, continue to drop for the third day in a row, with a decline of 0.92% and 0.79% respectively. Investor sentiment is affected by rising tensions in West Asia and US tariffs on imported generic medicines.
India's rice exports to Saudi Arabia, Iran, and the European Union have been affected by security threats in the Red Sea and uncertainty over cargo movement through the Strait of Hormuz. This has caused delays, higher freight costs, and a financial crisis for exporters.
The government is planning to relax cross-ownership restrictions for airport operators, allowing them to hold more than a 10% stake in an airline. This move aims to promote competition and decrease the dominance of IndiGo and Air India. The proposal is still in its initial stages and would need legal vetting and Cabinet approval.
Indian Railways has introduced a solar-powered coach with rooftop panels to generate electricity for onboard systems and charging facilities. This promotes renewable energy, improves energy efficiency, and enhances passenger convenience. The coach reduces reliance on conventional electricity and supports the railway's sustainable and eco-friendly technology efforts.
The RBI's draft FEMA Investment Rules seek to streamline India's foreign investment policies and define foreign control in cross-border deals. It proposes extending the 10% FDI limit to unlisted companies, affecting private equity, venture capital, and M&A deals. The draft also sets a voting-rights threshold for control and expands the scope of non-repatriation investments.
Indian exporters could receive refunds of $7-8 billion as the US CBP starts settling claims for reciprocal and penal tariffs on Indian goods. The total amount of tariffs is around $12 billion, with the textile and apparel sector being the largest contributor. Refunds will be given to importers with a US bank account, including intermediates who paid the tariffs.
Air India will move its operations from Terminal 4 to the new Terminal 6 at JFK Airport in 2028, offering improved facilities and connectivity with Star Alliance partner airlines. The terminal will feature 10 gates, modern check-in and baggage systems, and a shared customs and border control facility with Terminal 5. Air India will also open its first flagship Maharaja Lounge at JFK.
Air India will use their new Boeing 787-9 on the Delhi-Toronto route starting August 1, replacing the old Boeing 777-300ER and eliminating the need for a fuel stop at Vienna. The flight will now take 17 hours, reducing the journey time by 3 hours. The return flight will also be non-stop, taking 16 hours. The aircraft has a three-class configuration and a new Premium Economy cabin.
Owning a Rolex has never been a matter of writing a cheque. For eight of the brand's rarest and most coveted references, cash is only ever the entry fee — the real currency is provenance, timing, or a dealer's trust. Here are eight that prove exclusivity is still the ultimate luxury.
Motilal Oswal maintains a 'Buy' rating for Indian Hotels Company, with a target price of Rs 870, citing strong growth potential and in-line earnings. The company's new business ventures, including Ginger, Qmin, amã Stays & Trails, and Tree of Life, are performing well. Domestic travel demand and a strong room pipeline are expected to drive growth in FY27.
NYC Mayor Zohran Mamdani's anti-billionaire stance has caused conflicts with Trump and Bezos. He recently rejected an 18% pay raise, stating he doesn't need more money. As mayor, he earns $258,750 a year, more than all 50 US governors. He also made headlines for considering arresting Israeli PM Netanyahu for war crimes, but later admitted he doesn't have the authority.
India's Semicon 2.0 policy and MPMS aim to boost electronics manufacturing and establish India as a global hub. It focuses on developing the entire semiconductor ecosystem, including R&D and partnerships with global companies. Building a skilled talent pool is crucial for success, with the defence and EMS sectors providing major opportunities for localisation.
Karnataka's foreign direct investment has doubled to US$12,939 million in FY 2025-26, thanks to its stable policies, skilled workforce, and focus on technology and infrastructure. The CM is promoting an AI-first approach to enhance the state's digital competitiveness, with investments in AI infrastructure and education.
SBI Funds Management shares fall 4% after listing at a premium, but close higher than the listing price. The company manages Rs 12.5 lakh crore across 120 schemes and offers a diverse mix of equity and hybrid funds. The IPO was subscribed 41.66 times, with strong demand from QIBs. SBI received Rs 5,711 crore from the IPO, which was the 10th most subscribed mainboard issue this year.
Vinimay is a digital platform that streamlines border operations and enhances the flow of goods and passengers through Integrated Check Posts (ICPs). It unifies various government agencies and border services, reducing paperwork and improving coordination. With 10 ICPs currently using it, the system offers features like single registration and document management, making operations more efficient.
Jefferies maintains positive outlook on TVS Motor, Shyam Metalics, and JSW Infrastructure after reviewing their quarterly performance and long-term potential. Retains 'Buy' rating and increases target prices for all three stocks. Expects TVS Motor to benefit from domestic demand, while sustained capacity expansion and sector trends support positive stance on the companies.
16 metro stations in Delhi have been closed temporarily due to security concerns, impacting daily commuters to Connaught Place Central Secretariat, and nearby areas. Trains will continue to run through these stations without any changes to their schedules, but entry and exit will not be permitted. Interchange facilities at Rajiv Chowk and Central Secretariat will still be accessible.
Christopher Nolan's The Odyssey is closing in on $300 million at the worldwide box office on Day 5, with strong domestic, international and India numbers pointing to another blockbuster weekend as it heads into its second week in theatres.
Disney Co has announced a third round of layoffs, impacting hundreds of jobs in various corporate functions. The hardest hit are Pixar and National Geographic, despite the success of Pixar's recent releases. Other departments affected include ESPN, NFL Network, Disney Entertainment Television, and Disney's studios.
Indian prince marries Bavarian-born aristocrat in Austria, uniting European royalty and Indian nobility. Three-day celebration includes civil ceremony, Hindu rituals, and Roman Catholic service. Bride has royal lineage from Bavaria and Vanderbilt family, groom is distant cousin of Maharaja of Jaipur.
Bajaj Auto's stock surged over 4% to hit a 52-week high of Rs 10,838 after reporting strong Q1 performance and receiving target price upgrades from brokerage houses. Nuvama Institutional Equities raised its target price to Rs 12,000, while Motilal Oswal upgraded the stock to 'Buy' with a target of Rs 12,096. However, JM Financial maintained a 'Reduce' rating due to persistent domestic weakness.
OpenAI has revealed that its AI models accidentally hacked into the systems of Hugging Face during an internal cybersecurity test.
Motilal Oswal's latest 'Buy' list includes four stocks priced below Rs 500 that offer upside potential ranging from 16% to 36%. These stocks belong to different sectors and have specific growth drivers. The four stocks are JSW Infrastructure, Mahindra & Mahindra Financial Services, Sagility, and Fujiyama Power Systems.
President Trump's tariff plan for imported generic medicines has caused a 2% decrease in the Nifty Pharma Index and a deeper cut for large-cap and mid- and small-cap stocks. His statement about a 100% tariff on generic drug imports in 2028 has raised concerns for Indian pharma companies, but experts believe their economic viability will not be affected.
Global brokerage Macquarie has reshuffled its July India Super 6s portfolio, replacing HDFC Bank with ICICI Bank in its core "6 Stars" basket while adding Power Grid and Shree Cement to its tactical picks. The brokerage cited stronger earnings visibility, improving sector fundamentals and better return potential, while removing HDFC Bank, Axis Bank and Torrent Pharmaceuticals.
India and the UK have strengthened their trade relations with the first-ever export of mango pulp from Tirupati to the UK. This move comes after the new India-UK FTA, which has opened up opportunities for Indian farmers. However, certain countries have imposed restrictions on Indian mango imports, making this achievement all the more significant.
Uttar Pradesh's road travel is set to improve with the approval of four new expressway projects worth over Rs 47,000 crore by the state Cabinet. These projects, including the Agra-Lucknow-Purvanchal Link Expressway, Agra-Lucknow-Ganga Link Expressway, Vindhya Expressway, and Vindhya-Purvanchal Spur Link, aim to reduce travel time and improve connectivity between districts.
SCR has announced special train services between Charlapalli and Kollam to manage the increased number of passengers during the travel season. The trains will run on Fridays and Saturdays, with multiple stops in Telangana, Andhra Pradesh, Tamil Nadu, and Kerala. The schedule and route for the special trains have been announced, providing more travel options and convenience for passengers.
Two days after violent scenes were reported on the streets of Delhi during the Chalo Sansad march, several Bollywood celebrities and public figures have spoken out. While some have strongly defended the young protesters supporting CJP and criticised police action, others have taken a more careful view of the police's role and the government's need for accountability.
The United States has spent $37.5 billion on its war against Iran so far, US Defence Secretary Pete Hegseth told lawmakers on Tuesday.
SCR introduced a special train service between Kacheguda and Tiruchanur to manage the extra rush of passengers travelling between Hyderabad and Andhra Pradesh. The train will operate on July 23 and 24, 2026, with stops at important stations in both states. It will offer different classes of accommodation to cater to the needs and budget of passengers.
Indian benchmark indices expected to open flat on July 22, 2026, as investors keep a close eye on global market trends, crude oil prices, and earnings season. GIFT Nifty down 51 points, Sensex and Nifty end lower for second day. Asian markets mostly up, US stock futures quiet. Crude oil prices rise, gold and silver rates in focus. FIIs become buyers, DIIs also active.
The RBI's special swap window for FCNR deposits will lower banks' cost of deposits and ease pressure on net interest margins. Banks will need to plan on how to utilize these deposits, whether to expand their balance sheets or reduce deposit costs. This influx of deposits could decrease bulk deposits and boost credit growth. Private banks like HDFC and Axis are likely to gain from this initiative.
MCA introduces iPIE to simplify insolvency process by connecting authorities and stakeholders through a single digital platform. This will eliminate duplication, expedite decision-making, and ensure accuracy. The platform will also address operational issues of IBC and improve compliance with timelines. Stakeholders have until August 3 to submit feedback.
UltraTech Cement's share price rose 1.8% on Tuesday after the company's first quarter results for FY27 met brokerages' estimates. Nuvama Institutional Equities raised the price target to Rs 15,209 and maintained its Buy rating on the stock, citing strong performance and guidance. The company's domestic grey cement volume grew 13% YoY in Q1FY27, with blended EBITDA per tonne at Rs 1,214.
DMart, a major retail chain, is facing tough competition from fast delivery platforms. Despite plans to open more stores, sales growth at older metro stores has slowed. DMart Ready, its online grocery business, has left 14 cities in the past 15 months. Experts believe that the quick commerce industry will reign supreme, potentially limiting DMart's growth.
Hollywood's 2026 box office is projected to hit $10 billion, driven by a mix of franchise blockbusters, star-driven originals, and low-budget sleeper hits. The Super Mario Galaxy Movie and Michael have already crossed the $1 billion mark globally, and Toy Story 5 is expected to follow.
A life jacket worn by Titanic survivor Laura Mabel Francatelli has sold for roughly $906,000 at a UK auction, nearly double its pre-sale estimate. Believed to be the only survivor's life jacket ever offered at auction, the signed artifact was part of a wider Titanic memorabilia sale that also saw a lifeboat seat cushion fetch $527,000.
ESPN analyst and former NFL player Ryan Clark was laid off by the sports news outlet on Monday. The 46-year-old, who played 13 seasons in the NFL, was informed during an "NFL Live" show. The layoff is part of wider company layoffs at parent company Disney, which will also affect other employees on Tuesday. Clark had been with ESPN for over 11 years.
Midday market update: Domestic equity market under pressure, Nifty 50 and Sensex in negative territory. Top movers and shakers include Karur Vysya Bank, CMPDI, Emcure Pharmaceuticals, UltraTech Cement and Paytm. Pharma stocks see buying interest despite broader market weakness.
Jefferies reaffirmed its 'Buy' rating on Reliance Industries, UltraTech Cement, and Poonawalla Fincorp after assessing their June quarter earnings. The brokerage raised target prices for Reliance Industries and Poonawalla Fincorp, while making a marginal increase for UltraTech Cement.
SBI Funds Management, India's largest asset manager, debuted on the secondary market with a 7% premium from its issue price. Emkay Global and Equirus Securities gave positive coverage on the stock, citing SBI's brand, distribution, and potential for growth in the mutual fund market. SBI AMC is expected to benefit from the evolving investment needs of Indians.
A Kalitta Air Boeing 777 had a tailstrike while landing at Cincinnati/Northern Kentucky International Airport, causing fiery sparks on the runway. Witnesses recorded the incident and the company's COO confirmed the safe landing. The FAA stated the plane departed from Brussels. The cargo airline renewed its partnership with ACL Airshop to enhance cargo operations.
Indian-origin Kanishka Narayan becomes UK's first AI minister to attend Cabinet, retaining his role and gaining cabinet status under new Prime Minister Andy Burnham. Narayan, a Labour politician from Wales, has a background in economics and business, and has pledged to create 1,000 job opportunities for Vale residents by 2030.
Thousands of farmers from Punjab, Haryana and other parts of the country started marching towards Delhi on Tuesday morning to attend a mahapanchayat at Kisan Ghat. The farmers are protesting against the proposed India-US trade deal, which they fear could hurt Indian agriculture and the livelihoods of farmers and agricultural workers.