The initial public offer (IPO) of SBI Funds Management Ltd was fully subscribed on the second day of bidding, receiving bids for 1.17 times the shares on offer, with strong interest from non-institutional investors and anchor investors.
Maruti Suzuki India (MSIL) reported a 9.1 per cent year-on-year decline in net profit for the April-June quarter of 2026-27, marking its second consecutive quarterly fall. This dip occurred despite a significant 29.3 per cent jump in sales volume, primarily due to escalating commodity prices, increased energy costs, and logistics disruptions stemming from the West Asia conflict.
Built as an expendable, short-duration turbojet engine for single-mission applications, it can power tactical cruise missiles, anti-ship missiles, and long-range loitering munitions.
Indian crypto exchanges and companies have expressed strong support for the Central Board of Direct Taxes' (CBDT) new Crypto Asset Reporting Framework (CARF), which mandates reporting and due-diligence obligations for crypto service providers on all transactions starting 2026.
Indian long jumper Murali Sreeshankar secured his second consecutive Commonwealth Games silver medal in Glasgow with a leap of 8.09 metres. This achievement marks an emotional comeback for the athlete, who battled a career-threatening knee injury in 2024, forcing him to miss the Paris Olympics. Despite his disappointment at not winning gold, Sreeshankar views this medal as a crucial stepping stone for the upcoming Asian Games.
Larsen & Toubro (L&T) is investing Rs 5,000 crore over five years to enter the automotive components sector, focusing on electric vehicle (EV) motors, safety systems, and connected-vehicle technologies, aiming to become a Tier-I auto supplier.
The 23rd Commonwealth Games opened in Glasgow with a vibrant ceremony blending Scottish heritage and a strong message of sustainability. King Charles III declared the Games open, highlighting efforts to combat plastic pollution. The event featured a unique indoor setting, an early athletes' parade including the Indian contingent, and diverse musical and cultural performances, setting a new precedent for the multi-sport event.
Noah Lyles secured a world-leading 9.79 seconds in the 100 metres final at the U.S. Championships, equalling his personal best, while Sha'Carri Richardson dominated the women's 100m, clinching the title in 10.77.
State-owned Bank of Baroda (BoB) reported a 72 per cent year-on-year (Y-o-Y) drop in net profit to 1,278 crore for Q1FY27 due to a $600 million out-of-court settlement related to NMC Health Plc. In contrast, Bank of India (BoI) saw its net profit rise by 36.23 per cent Y-o-Y to 3,068 crore for the same quarter, driven by healthy loan growth and improved asset quality.
Sir Garfield Sobers, widely considered the greatest all-rounder in cricket history, passed away just days before his 90th birthday, leaving behind an unparalleled legacy that included a significant connection with India both on and off the field.
External Affairs Minister S Jaishankar has affirmed India's commitment to ensuring issues like a free, open, and rule-based maritime order, seafarer safety, and countering terror financing receive due attention at the UN Security Council during its 2028-29 term.
Former Liverpool and Borussia Dortmund boss Juergen Klopp has been appointed as the head coach of the German national football team on a four-year contract, following Julian Nagelsmann's departure and a series of disappointing World Cup performances.
Temasek is exploring investment opportunities in India's booming IPL cricket league, a senior executive told Reuters, making the Singapore state investor the latest player to target one of the world's richest sports tournaments.
Having won silver in Birmingham in 2022, 27-year-old Murali Sreeshankar added another medal to his collection at the Glasgow Commonwealth Games after producing a best leap of 8.09 metres, capping an emotional comeback from the career-threatening knee injury that had nearly derailed his career.
Faculty recruitment is conducted directly by universities using global hiring standards while complying with Indian regulations.
Despite decades of efforts towards energy transition, oil will remain the critical energy source for all nations for some decades. We can hope for peace opening the Strait of Hormuz, but must prepare for war closing it, points out former foreign secretary Ranjan Mathai.
The All India Chess Federation (AICF) has disbursed Rs 42.3 lakh in quarterly stipends to 42 promising young chess players across India. This first-of-its-kind initiative aims to alleviate financial burdens, support coaching and travel, and nurture future champions, aligning with a vision to strengthen grassroots chess development.
Nomura has increased its March 2027 target for the Nifty 50 to 25,900, driven by strong corporate earnings and attractive market valuations, even as risks from the West Asia conflict and high oil prices persist.
India's Neeraj Chopra will face reigning Olympic champion Arshad Nadeem of Pakistan and Sri Lanka's Rumesh Tharanga Pathirage in a highly anticipated men's javelin clash at the Commonwealth Games, as India aims to surpass its previous medal tally in athletics.
'Periods of heightened volatility, driven by global events such as tariffs and geopolitical tensions over the past year-and-a-half, can make some investors pause or discontinue their investments.'
New financial investment funds, including Filmoney Global and CineNow, are entering the 22,000 crore Indian film business, aiming to establish Indian cinema as a new asset class for high-net-worth individuals and institutions, similar to the IPL.
Merlinhawk Aerospace has partnered with Boeing India Defence to provide in-country maintenance, repair, and lifecycle support for advanced Electro-Optical/Infrared (EO/IR) systems on Indian military platforms. This collaboration aims to strengthen local support, reduce turnaround times, and enhance mission readiness for the Indian Navy, aligning with India's self-reliance goals in defence.
Merlinhawk Aerospace has partnered with Boeing India Defence to provide in-country maintenance, repair, and lifecycle support for advanced Electro-Optical/Infrared (EO/IR) systems on Indian military platforms. This collaboration aims to strengthen local support, reduce turnaround times, and enhance mission readiness for the Indian Navy, aligning with India's self-reliance goals in defence.
Skyroot Aerospace successfully launched India's first privately developed orbital rocket, Vikram-1, placing multiple technology demonstration payloads and commemorative items, including a postcard from Prime Minister Narendra Modi, into low Earth orbit, marking a significant entry into the global orbital launch market.
Racing Bulls driver Arvid Lindblad, who has Indian ancestral roots, attributes the rise of young athletes like Vaibhav Sooryavanshi across global sports to advancements in technology and better access to information from an earlier age.
US Vice President JD Vance has accused 'certain elements' within the Israeli government of attempting to manipulate American public opinion to prolong the conflict with Iran 'indefinitely', according to a Wall Street Journal report.
It is plain to see that the US senate bill's real objective is to derail India's time-tested strategic partnership with Russia, points out Ambassador M K Bhadrakumar.
India's foreign exchange reserves increased by USD 964 million to USD 675.157 billion in the week ending July 10, according to the Reserve Bank of India.
For the Jagannath Temple in Puri, the timing of Rath Yatra is a matter of scriptural injunction rather than convenience.
The 23rd Commonwealth Games opened in Glasgow with a vibrant ceremony at the OVO Hydro, blending Scottish heritage with modern performances. King Charles III declared the Games open, emphasising a message of sustainability, particularly regarding plastic pollution in oceans. The event showcased a new, more compact model for the Games, focusing on existing venues and integrated Para sports, following Glasgow's role as a step-in host.
Precision engineering components maker Indo MIM Ltd is optimistic about the growth of the domestic aerospace industry, particularly focusing on engine applications. The company notes a significant acceleration in foreign OEM interest in India for engineering talent and manufacturing. Indo MIM recently announced its Rs 3,812 crore IPO, opening on July 23, to fund borrowings and general corporate purposes.
Precision engineering components maker Indo MIM Ltd is optimistic about the growth of the domestic aerospace industry, particularly focusing on engine applications. The company notes a significant acceleration in foreign OEM interest in India for engineering talent and manufacturing. Indo MIM recently announced its Rs 3,812 crore IPO, opening on July 23, to fund borrowings and general corporate purposes.
Sir Garfield Sobers, one of the greatest all-rounders in cricket history and a former West Indies captain, died in Bridgetown, Barbados, on Friday at the age of 89.
The 10 takeaways from the FIFA World Cup, which was co-hosted by the United States, Canada and Mexico.
FIDE's decision to shortlist the All India Chess Federation for a prestigious FIDE Excellence Award has ignited a fierce debate within the Indian chess community.
Despite aggressive expansion, India's solar power sector faces significant hurdles from rising regional disparities in installed capacity and a looming manufacturing glut due to overcapacity in domestic solar equipment production, potentially leading to consolidation and pricing pressures.
FIFA President Gianni Infantino has acknowledged the possibility of expanding the World Cup to 64 teams, a move that could significantly alter the sport's economics and logistics, despite opposition from major confederations like UEFA and AFC.
Hollywood luminaries Tom Holland and Christopher Nolan have landed in Mumbai for the unprecedented India premiere of their highly anticipated film, The Odyssey.
Indian MMA fighter Sangram Singh is set to face Pakistan's Mohammed Abid Ali for the prestigious STRIKE Asia Champion Title in Kuala Lumpur. This highly anticipated fight marks a significant step in Singh's transition from professional wrestling to MMA, where he holds an unbeaten 3-0 record.
