Indian benchmark indices Sensex and Nifty saw a significant rebound in early trade, driven by softer-than-expected US inflation data which has reinforced expectations of a less aggressive monetary policy stance from the Federal Reserve, providing relief to global risk assets.
Drone technology company ideaForge Technology has successfully raised Rs 500 crore through a Qualified Institutional Placement (QIP). The funding, which saw strong interest from domestic and international institutional investors, will be used to accelerate innovation, expand its product portfolio into combat drones and autonomous systems, and strengthen its working capital to meet growing demand in defence, homeland security, and civil sectors.
Drone technology company ideaForge Technology has successfully raised Rs 500 crore through a Qualified Institutional Placement (QIP). The funding, which saw strong interest from domestic and international institutional investors, will be used to accelerate innovation, expand its product portfolio into combat drones and autonomous systems, and strengthen its working capital to meet growing demand in defence, homeland security, and civil sectors.
Former PepsiCo CEO Indra Nooyi asserts that India and the United States are natural partners, crucial in the geopolitical competition with China. She highlights India's pivotal role as the world's largest democracy with a young, English-speaking population, despite its "chaotic" nature. Nooyi also discusses the need for leaders to understand each other's perspectives to maintain strong bilateral ties.
India's largest IT services company, TCS, announced a 4.61 per cent increase in its net profit to Rs 13,349 crore for the June 2026 quarter, with revenues climbing nearly 14 per cent year-on-year.
HCL Technologies reported a significant 20 per cent year-on-year increase in its consolidated net profit for the June quarter of FY27, reaching Rs 4,624 crore, while maintaining its revenue growth guidance of 1-4 per cent for the fiscal year.
SBI Funds Management, India's largest asset management company, has set its IPO price band between 545 and Rs 574 per share, valuing the company at 1.2 trillion. The management explained the 'moderate' valuation aims to instil investor confidence amidst market uncertainty, while also highlighting plans for AI integration, expansion into GIFT City, and new alternative investment funds.
BikeWo Green Tech and Kwik Flite Support have signed an initial pact to develop an integrated air cargo, aviation logistics, and multimodal freight platform. This collaboration aims to combine road mobility with aviation capabilities to serve various industries, focusing on high-value and time-sensitive logistics across India, including Tier-II and Tier-III cities.
Skyroot Aerospace is set to launch the maiden test flight of its orbital-class rocket, Vikram-1, from SDSC-SHAR on July 18, marking a significant milestone for India's private sector in the global launch business.
Prime Minister Narendra Modi concluded his three-nation tour in New Zealand, where he and his counterpart Christopher Luxon elevated bilateral ties to a strategic partnership. The visit focused on doubling trade by 2030 and expanding cooperation in the Indo-Pacific region, marking the first visit by an Indian PM in 40 years.
IndiGo, India's largest airline, has announced the appointment of William Walsh, former British Airways chief and current Director General of IATA, as its new CEO, effective no later than August 3.
Vodafone Idea CEO Abhijit Kishore stated that the company will implement minor corrections to existing mobile tariffs, but does not plan an across-the-board hike in rates, driven by current market conditions.
Indian benchmark indices Sensex and Nifty closed largely flat on Monday, recovering from early losses, as escalating tensions in West Asia and a sharp rally in crude oil prices weighed on investor sentiment, despite resilience in IT and consumer durables stocks.
Hyderabad-based Midwest Ltd has become the first Indian private company to secure overseas critical mineral mines, sealing a deal with Indonesia's state-run PT Perusahaan Mineral Nasional (PERMINAS) to ensure a long-term supply of rare earths.
The technology services sector in India will continue to remain relevant to global enterprises transformation in the artificial intelligence (AI) era, the Nasscom US CEO Forum said, even though there will be changes in how services are delivered and scaled up. Chief executive officers of Indian technology companies, who attended the discussion, also said AI will expand the addressable market opportunity across enterprise modernisation, data, AI governance and intelligent operations.
The Ram temple trust on Monday accepted the resignations of Champat Rai as its general secretary and member Anil Mishra in the wake of embezzlement of donations. Trustee Krishna Mohan has been named as interim general secretary. The Shri Ram Janmabhoomi Teerth Kshetra Trust also announced the formation of a three-member committee to identify a chief executive officer (CEO) for the temple trust.
A delegation from the Global Chess League met Karnataka Deputy Chief Minister G Parameshwara to discuss the possibility of Bengaluru hosting the league's fourth edition. The state government expressed its commitment to supporting prestigious global sporting events to boost its sports ecosystem.
Zoho Corporation Founder Sridhar Vembu has echoed IBM CEO Arvind Krishna's concerns about a potential "bubble" in the multi-trillion dollar AI data centre build-out. Vembu stated that Zoho will adopt a measured approach, investing in AI capabilities like data curation and compiler infrastructure, but will not chase the current investment spree, contrasting with other global tech giants' massive spending.
Prime Minister Narendra Modi's visit to New Zealand culminated in the elevation of bilateral ties to a strategic partnership, with a focus on doubling trade and enhancing cooperation in sports and the Indo-Pacific region. Modi and his counterpart Christopher Luxon attended a sports showcase, acknowledging a century of sporting ties and discussing future collaborations, including India's preparations for the Commonwealth Games 2030. The visit also saw 18 concrete outcomes and 10 agreements signed, alongside discussions with business leaders.
The inaugural international Esports World Cup has commenced in Paris, featuring over 2,000 elite players from 100+ countries competing for a record USD 75 million prize pool across 25 tournaments. The event also highlights a unique Club Championship and includes global ambassadors Cristiano Ronaldo and Magnus Carlsen.
IT major Tech Mahindra reported a 28.4 per cent increase in consolidated net profit for the June quarter, reaching Rs 1,465 crore, driven by broad-based growth across manufacturing and financial services, and expressed confidence in a positive demand environment for the rest of the year.
Indian equity benchmark indices Sensex and Nifty plummeted over 2 per cent following US President Donald Trump's declaration that the interim agreement with Iran is 'over', which led to a sharp rally in crude oil prices and heightened geopolitical tensions.
Air India CEO and MD Campbell Wilson has resigned after four years at the helm, prompting the airline to form a committee to find his replacement. Wilson's tenure saw significant changes, including the merger of airlines and fleet expansion, but also faced challenges such as the London-bound flight crash and safety concerns.
Systematic Investment Plan (SIP) returns for smallcap and midcap mutual funds have seen a significant rebound, with average one-year SIP returns now at 19.1 per cent for smallcap funds and 13.5 per cent for midcap funds, according to Value Research data. This recovery is expected to revive momentum in the retail mutual fund industry, which had experienced a moderation in growth indicators.
While recovery efforts are ongoing, the likelihood of recovery currently appears low.
Chennai Super Kings CEO confirms MS Dhoni is still recovering from a calf injury and will miss the upcoming IPL 2026 match against Delhi Capitals, impacting the team's performance and strategy.
Chennai Super Kings CEO confirms MS Dhoni is still recovering from a calf injury and will miss the upcoming IPL 2026 match against Delhi Capitals, impacting the team's performance and strategy.
The Prime Volleyball League (PVL) has been officially recognised by the FIVB as India's first division professional volleyball league, marking a significant milestone for the sport in the country. This recognition allows PVL clubs to compete in international tournaments and aligns the league with global standards. The fifth season of PVL is scheduled to begin on November 30, with a players' auction on August 17 in Goa. This development is expected to further strengthen Indian volleyball's performance on the international stage.
Indian benchmark indices, Sensex and Nifty, staged a moderate rebound after a significant correction in the previous session, driven by foreign fund inflows and a largely positive trend in global markets, though geopolitical tensions between the US and Iran continued to foster caution.
Investor interest in precious metal exchange-traded funds (ETFs) rebounded sharply in June, with silver ETFs attracting an estimated 4,900 crore and gold ETFs around 2,900 crore in net inflows, following a significant correction in gold and silver prices.
Indian benchmark equity indices, Sensex and Nifty, saw early gains driven by strong buying in blue-chip bank stocks, fresh foreign fund inflows, and a decline in global crude oil prices, boosting investor confidence.
An employee of the Shri Badrinath-Kedarnath Temple Committee (BKTC) has been suspended following a preliminary inquiry into alleged irregularities in the management of donations at Badrinath Dham. Both the BKTC and the Uttarakhand government have launched separate investigations into the matter, which gained attention after social media allegations and a formal complaint. The government committee is expected to submit its report within 15 days.
Brazilian aerospace company Embraer has secured type certification from India's aviation regulator, DGCA, for three of its commercial jets (E195-E2, E190, and E195). This approval, alongside an existing certification for its E175 jet, paves the way for Embraer to expand its presence in India's regional aviation market, supported by a strategic MoU with Adani Defence & Aerospace for a Final Assembly Line in Dholera, Gujarat.
The move follows reports from several state drug-regulatory authorities indicating misuse and hoarding oral formulations with high ethyl-alcohol concentration, which people use as a substitute for liquor.
'The Rs 30,954 crore inflows recorded in May 2026 reflects around 16 per cent year-on-year rise.'
Larger NGOs could no longer work with smaller ones, especially those organisations working on the ground that had no means of or expertise in raising money themselves, reveals Aakar Patel.
'With this deal, we may see even 50 launches a year within the next few years.'
Cognizant CEO Ravi Kumar's annual compensation increased by 28 per cent to $21.5 million in 2025, while CFO Jatin Dalal's compensation dropped by 30 per cent to $7.08 million, according to a recent proxy statement.
The next-generation missile is expected to be substantially smaller and lighter than the current BrahMos, which weighs around 3 tonnes. The reduction in weight could allow fighter aircraft to carry more missiles per sortie, enhancing combat effectiveness.
India too can rise to the top if the 1.4 billion Indians back home are given better opportunities to use their innate talent and capacity to work hard, with right incentives in a more meritocratic rules-based system, asserts Ajay Chhibber.
