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Sun Pharma, HCL Tech, Tech Mahindra, Power Grid and ICICI Bank were the gainers. File | Photo Credit: Getty Images/iStockphoto Benchmark indices Sensex and Nifty tumbled in early trade on Wednesday (July 8, 2026) amid renewed U.S.-Iran tensions and a fresh spike in crude oil prices. The 30-share BSE Sensex tanked 537.83 points to 77,642.89 in…
A crude oil tanker passing through the Strait of Hormuz. FILE PHOTO | Photo Credit: REUTERS The attack on Qatari LNG ship Al Rekayyat early on Tuesday (July 7, 2026) is of significance to India as well as world shipping. In 2025, some 16% of Qatari LNG landed in India. As per marinetraffic.com, Al Rekayyat that…
When the government borrows, the question that follows is rarely asked aloud: who lends? A large part of the answer is the life insurance sector. Every year, millions of households across India pay premiums into life insurance policies. That money is reinvested, for decades, in the very securities that finance government expenditure — roads, railways,…
Read More “How India’s life insurance sector funds government expenditure” »
Shares of retail major Trent ended over 12% lower on Tuesday (July 7, 2026) after its June quarter revenue growth missed market expectations. The Tata Group stock tanked 12.42% to end at ₹2,928.05 on the BSE. During the day, it plunged 12.69% to ₹2,919. At the NSE, the stock tumbled 12.44% to ₹2,927.80. The stock…
Read More “Trent shares tumble over 12% after Q1 revenue growth misses estimates” »
Representative image. | Photo Credit: Reuters The rupee appreciated 48 paise to close at 94.95 (provisional) against the U.S. dollar on Tuesday (July 7, 2026), on improved global risk sentiments as higher traffic flows through the Strait of Hormuz reduced supply uncertainties. Forex traders said market sentiment was also buoyed after Saudi Arabia slashed August…
Read More “Rupee rises 48 paise to close at 94.95 against U.S. dollar” »
Benchmark stock indices Sensex and Nifty closed lower on Tuesday (July 7, 2026) due to last-minute profit-taking after a four-day rally and weak Asian trends. Paring its early gains, the 30-share BSE Sensex declined by 104.35 points, or 0.13%, to close at 78,180.72. During the day, it climbed 379.85 points, or 0.48%, to 78,664.92. The…
Read More “Stock markets snap four-day rally amid profit booking; Trent tumbles over 12%” »
The proposed IPO comprises a fresh issue of equity shares worth up to ₹950 crore. | Photo Credit: The Hindu Fitness services platform Cult.fit Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth up…
Read More “Cult.fit files IPO papers with Sebi; aims to mop up ₹950 crore via fresh issue” »
Representative image. | Photo Credit: The Hindu Electric vehicle (EV) retail sales in June 2026 surged 63% year-on-year (YoY) to an all-time high of 3,06,220 units, as per data released by the Federation of Automobile Dealers Association (FADA), even as the broader market navigated a delayed monsoon and a seasonally lean patch. Electric passenger vehicle…
Read More “June 2026 EV retail sales surge 63% YoY to 3.06 lakh units” »
Image for representational purposes only. File | Photo Credit: AP Saudi Arabia has set the August Arab Light crude oil official selling price to Asia at $1.50 a barrel below the Oman and Dubai average, its lowest level since June 2020, a pricing document reviewed by Reuters showed. This deep cut comes after spot crude…
Read More “Saudi Arabia cuts August crude oil official selling price to Asia to six-year low” »
After the first month of this year’s monsoon ended in a massive 40% deficit, the India Meteorological Department has forecast that rainfall in July will also be “below normal” or less than 94% of what is usual for the month. “Below-normal rainfall can pose significant challenges for agriculture, water resources, hydropower generation, ecosystem sustainability, and drinking water…
Read More “How El Niño could damage India’s economy | Explained” »
