Domestic equity market trades lower by midday on July 23 due to caution around global developments and weakness in heavyweight sectors. Nifty hovers above 23,850 level and Sensex trades over 76,350. HEG attracts strong buying, Waaree Renewable Technologies slips despite reporting strong growth.
Bernstein says ICICI Bank has extended its lead over HDFC Bank after the June quarter, outperforming in loan growth, deposits, margins and profitability. While HDFC Bank continues to face pressure from weak retail lending and lower loan yields, the brokerage retained 'Outperform' ratings on both banks.
Ryanair CEO Michael O'Leary received a warning from the NTSB after a passenger was almost sucked out of a Boeing 737 NG operated by the carrier's subsidiary. The NTSB reminded O'Leary of his obligations as a technical advisor and the traumatized passenger has spoken out about the incident. A draft report is expected soon.
As Christopher Nolan's The Odyssey continues its theatrical run, reports about its cast salaries have surfaced online. From Matt Damon's reported USD 15 million payday to the supporting cast's fees, here's the full breakdown of what the ensemble reportedly earned.
A major metro expansion is on the horizon for West Bengal, with the state government planning to take metro rail services beyond Kolkata for the first time. Chief Minister Suvendu Adhikari announced plans to develop metro rail projects in Asansol, Durgapur, Siliguri and Jalpaiguri. Adhikari said the state will ask the Chief Secretary to prepare detailed proposals for these metro projects.
Thalapathy Vijay's last film before his full-time shift into politics as Tamil Nadu's Chief Minister, Jana Nayagan, has received a tremendous response at the advance booking counters. Despite facing delays and controversies, the film has managed to collect over Rs 22 crore in India and Rs 33 crore worldwide.
The Uttar Pradesh government has given the green light for the purchase of 250 electric buses for UPSRTC, costing Rs 425.50 crore. These buses will be used on key routes to enhance public transportation and decrease reliance on diesel buses. The Cabinet has also approved four expressway projects worth over Rs 47,000 crore to enhance road connectivity.
Christopher Nolan's The Odyssey is a box office hit, earning over $303 million in just six days. It has performed well in both domestic and international markets, breaking records in India and maintaining a strong pace in North America. With more markets yet to open, the film is set to become one of Nolan's top releases and may even surpass his previous franchise successes.
Motilal Oswal's latest report rates Eternal, Sunteck Realty, and Arvind Fashions as 'Buy' with expected upside of 31% to 69%. The report highlights their improving business performance, healthy growth visibility, expanding margins, and long-term earnings potential. While each company operates in a different sector, the market has become favorable for all three.
Three IPOs have opened for subscription simultaneously, looking to raise over Rs 5,000 crore. Indo-MIM is the biggest issue, attracting the most attention with a GMP of around Rs 185 and an estimated listing price of nearly Rs 670. Lohia Corp has opened a Rs 1,101.28 crore public issue, while Xtranet Technologies has a GMP of around Rs 13 per share.
DRDO has signed important agreements with AIESL and ADSTL for the development and production of the AEW&C Mk-II programme. AIESL will convert six Airbus A321 aircraft into base platforms, while ADSTL will develop and integrate mission systems. This programme aims to strengthen India's defence ecosystem and reduce reliance on foreign platforms.
Bernstein says pumped storage has become commercially attractive again as rising battery costs, evening power shortages and supportive government policies improve project economics. The brokerage believes Tata Power's latest pumped storage project could generate over 20% equity IRR with a five-year payback, while maintaining an 'Outperform' rating and a target price of Rs 430.
Daniel Siad, a French model recruiter with ties to Jeffrey Epstein, was found dead in his Paris home. He was accused of rape and human trafficking by multiple women and appeared in the US Justice Department's Epstein files over 2,000 times. Siad allegedly helped Epstein find young girls and despite his death, the investigation into Epstein's associates will continue.
Macquarie says Reliance Jio and Bharti Airtel now offer different investment opportunities. While Jio is entering a cash flow-driven growth phase after completing most of its network rollout, Airtel continues to lead in returns, capital efficiency and monetisation. The brokerage expects both operators to benefit from tariff hikes, rising data usage and India's expanding digital infrastructure.
Indian Railways has announced a special train service between Agra and Kolkata for a limited period from July 23 to September 25, 2026. The train will operate 10 trips in each direction, stopping at important stations in Uttar Pradesh, Bihar, Jharkhand, and West Bengal. It will offer both reserved and unreserved accommodation.
Delhi Metro has temporarily closed 16 metro stations from 7:30 AM due to security reasons, affecting commuters travelling to busy parts of the city. Rajiv Chowk, Mandi House, and Central Secretariat will continue to offer interchange facilities, but entry and exit from these stations are suspended.
Opposition leaders are meeting to strategize on the NEET-UG paper leak controversy, with the INDIA bloc demanding the resignation of Education Minister Dharmendra Pradhan. Salman Khan and Sonam Wangchuk support the students' peaceful protests, while the government is ready to discuss without preconditions.
Cabinet Secretary T.V. Somanathan is urging senior officers to trust their teams and delegate important work to them. In a candid letter accompanying a "Guide on the Art of Delegating Work," Somanathan addresses the common hesitations of officers and provides practical advice for effective delegation. He sees delegation as an investment in leadership.
AI success in enterprises is determined by the context it is fed. Unique context and harnessing sets companies apart, not just buying the same models. To unlock AI's full potential, shift from systems of record to systems of context is crucial. Harness, context, and specification engineering are key disciplines.
India has top quantum scientists but lacks a quantum industry. The National Quantum Mission aims to change this by supporting startups, establishing hubs, and boosting hardware development. However, slow technology transfer and lack of support for researchers to become entrepreneurs hinder commercialization. Collaboration among all stakeholders is key for India to succeed in the quantum world.
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.
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.
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.