ArcelorMittal reported a significant 62 per cent year-on-year decline in its net income, reaching USD 683 million in the June 2026 quarter, despite a quarter-on-quarter increase in sales and improved performance from its Indian joint venture, AMNS India.
Indian benchmark indices Sensex and Nifty recorded sharp gains, rising over 1 per cent, driven by strong performances in IT stocks, HDFC Bank, and renewed foreign fund inflows, despite mixed global cues and elevated crude oil prices.
National record holder Lovepreet Singh secured a silver medal in the men's +110kg weightlifting event at the Commonwealth Games, setting a new Games record in the snatch category. He finished just one kilogram behind New Zealand's David Andrew Liti, who claimed gold.
The Defence Research & Development Organisation (DRDO) has dismissed recent media reports of an alleged cybersecurity incident and data breach as "incorrect and unverified." Officials clarified that investigations found no evidence of an active cyber attack or data exfiltration, stating that any leaked data is unclassified, outdated, and fabricated by threat actors for financial gain.
The Hazaribag district administration in Jharkhand has filed a police case against three shopkeepers for allegedly selling counterfeit NCERT books. Raids were conducted following complaints, and investigations revealed discrepancies in holograms and page quality.
Indian benchmark indices Sensex and Nifty closed lower for the second consecutive day, driven by investor caution over conflicting geopolitical signals from West Asia and fresh foreign institutional investor (FII) outflows.
Mahindra & Mahindra (M&M) Ltd reported a significant 34 per cent year-on-year increase in Profit After Tax (PAT) to Rs 5,455 crore for the June quarter, driven by strong performance in its Auto and Farm segments despite challenging macro-economic conditions.
Sports Minister Mansukh Mandaviya felicitated para-powerlifter Jhandu Kumar with a Rs 10 lakh cash prize for his bronze medal at the Commonwealth Games in Glasgow.
Marriage, childbirth, dependent parents and ageing increase the cover a person needs.
Jaguar Land Rover (JLR) India reported its highest-ever first-quarter retail sales for FY27, with 1,665 vehicles retailed, an 11 per cent year-on-year increase, largely due to sustained demand for premium SUVs and the benefits of the India-UK Free Trade Agreement.
Job aspirants in Jharkhand are protesting alleged paper leaks in PSC and other recruitment exams, demanding an independent inquiry by retired high court judges from outside the state. They have lost faith in the ongoing CID investigation, citing past failures, and threaten to intensify their agitation if their demands for a CBI or independent judicial probe are not met. The protests have garnered support from various organisations, with one leader on an indefinite hunger strike.
The United Forum of IDBI Officers & Employees has voiced "profound concern" over the Centre's reported decision to proceed with the strategic disinvestment of its controlling stake in IDBI Bank to Fairfax Financial Holdings, urging a parliamentary review of the proposed sale.
External Affairs Minister S Jaishankar has strongly defended India's decision to purchase Russian crude oil, stating that the country's energy choices are based on cost and availability, and highlighting the West's 'hypocrisy' in criticising India while historically supplying weapons used against it.
'Users should protect their savings goals before allocating money to discretionary expenditure.'
The Bombay High Court has ruled that both earning partners must contribute to household and child's education expenses to maintain a lifestyle, reducing a man's monthly maintenance payment to his estranged wife and son. The court emphasised that equality cannot be claimed selectively, especially when both parties are earning.
VinFast has gone from an unknown brand to India's fifth-largest EV carmaker in just seven months, but its toughest battle is only beginning.
FIFA's proposal to create a $20 billion subsidiary for the World Cup highlights the intricate balance of power in global football, where the governing body's authority is often challenged by the significant commercial strength of UEFA, particularly in Europe.
Four individuals, including a nurse, have been arrested in Telangana for allegedly selling a newborn baby after falsely informing the mother that the child died after birth.
HDFC Bank shares plummeted over 5 per cent, wiping out Rs 64,685 crore from its market valuation, after its June quarter earnings disappointed investors, particularly on the net interest margin (NIM) front.
Nearly 50 per cent of the stocks that comprise the Nifty 50 are trading below their respective 200-DMAs.
A 19-year-old medical aspirant, Ankita Suresh Sangle, allegedly died by suicide in Jalalpur after being disheartened by her NEET re-examination score of 166 marks, while the family of another aspirant, Akanksha Chaturvedi, who died earlier, demanded justice and compensation, calling for top government leadership resignations amidst the ongoing NEET paper leak controversy.
The Kerala High Court has intervened to protect a young woman, known as the 'Kumbh Mela girl', from being transferred to Madhya Pradesh police without its order, despite a directive from the National Commission for Scheduled Tribes.
Divya Nair remembers the work friendships that proved some of life's strongest bonds are built beyond the cubicle.
FIFA's proposal to create a $20 billion subsidiary for the World Cup, offering up to 20% stakes to external investors, aims to democratise global football finance but has been condemned by UEFA as selling the game's "soul."
Taxpayers must provide more details to support deduction and exemption claims.
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.
Sharmila Dhankar, a polio-afflicted survivor of domestic abuse, clinched a gold medal in the women's F57 seated shot put at the Commonwealth Games, marking a triumph of resilience and athletic prowess.
Jhandu Kumar, an Indian para powerlifter, secured a bronze medal in the men's heavyweight category at the Commonwealth Games.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries
Manipal Health Enterprises is set to launch India's largest healthcare initial public offering (IPO) on July 29, aiming to raise Rs 9,275.22 crore to fund expansion and debt reduction, with the issue closing on July 31.
Maruti Suzuki India will increase the prices of its vehicles by up to Rs 30,000 across all models from August 2026, citing a sustained increase in input costs.
A man was arrested in Mumbra, Thane, for allegedly selling counterfeit beauty products. The seized items, reportedly made in Pakistan, were worth Rs 13,972.
Indian benchmark indices Sensex and Nifty advanced in early trade, driven by renewed foreign fund inflows and a significant drop in crude oil prices to pre-war levels, signalling an uptrend in the market. Track Sensex, Nifty on July 7, 2026.
Beyond imprisonment, candidates caught cheating face cancellation of examination scores, blacklisting under China's social credit system and multi-year bans from appearing in state examinations.
The Securities and Exchange Board of India (Sebi) has introduced a comprehensive new code of conduct for its board members, significantly tightening rules on conflict of interest, disclosures, recusals, and non-permitted investments, moving from broad ethical guidelines to a more prescriptive, compliance-driven regime.
A Mumbai consumer court has directed Flipkart and its seller to refund over Rs 1.11 lakh to a customer who received beard growth oil instead of an Apple iPhone, and to pay an additional Rs 70,000 in compensation and litigation costs, citing "unfair trade practice" and "deficiency in service."
Indian benchmark indices Sensex and Nifty experienced a downturn in early trade, primarily influenced by a dip in HDFC Bank shares, persistent outflows from foreign funds, and escalating geopolitical tensions between the US and Iran. Track Sensex, Nifty performance.
Pre-listing shareholder lock-ins for 53 companies, valued at $11 billion, are set to expire between July and September, according to an analysis by Nuvama Institutional Equities, though not all shares are expected to flood the open market.
FPIs have already withdrawn Rs 2.6 trillion from Indian equities in 2026, exceeding the outflows recorded in any previous full calendar year.
Mumbai has spent four centuries building folklore around its monsoon: The potholes, the delayed trains, the office debates about whether it will 'break' this week or next. It turns out the rain was always a market. Nobody had built the exchange for it until now!
