The Reserve Bank of India (RBI) has maintained its benchmark policy rate at 5.25 per cent for the fourth consecutive meeting, prioritising clarity on inflation trends, particularly concerning energy costs and geopolitical developments.
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.
Bharti Airtel, India's second-largest telecom operator, reported a 37.3 per cent rise in consolidated net profit to 8,167 crore for Q1 FY27, driven by the addition of high-paying premium customers, despite missing Bloomberg consensus estimates.
Infosys has revised down the upper end of its revenue growth target for financial year 2027 (FY27) to 1.5-3 per cent, from the earlier 1.5-3.5 per cent, attributing the change to persistent macroeconomic uncertainty and a one-time client impact.
State-owned refiners Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have reported substantial losses for the first quarter of financial year 2026-27 (Q1FY27), primarily driven by a sharp increase in crude oil prices exacerbated by the ongoing West Asia crisis and suppressed marketing margins on petroleum products.
Indian benchmark indices Sensex and Nifty extended their losses for the fourth consecutive session, with the Sensex declining 363.66 points and the Nifty dipping 126.65 points, primarily due to a sharp jump in Brent crude oil prices to USD 98.32 per barrel amid escalating tensions in West Asia.
Fitch Ratings forecasts a 9 per cent aggregate revenue increase for rated Indian corporates in the current fiscal year (FY27), a stronger outlook compared to the 5 per cent estimated for FY26, which is expected to keep credit metrics stable despite potential global and domestic challenges.
Indian benchmark indices, Sensex and Nifty, extended their losses for a second consecutive day, primarily due to HDFC Bank's disappointing quarterly earnings and escalating tensions in West Asia, coupled with persistent foreign fund outflows.
State Bank of India (SBI) reported a 13.73 per cent increase in its June quarter consolidated net profit, reaching Rs 24,113 crore, primarily due to improved core income and a decline in provisions for non-performing assets.
Hindustan Unilever Ltd (HUL) reported a 3.17 per cent year-on-year decline in consolidated net profit to Rs 2,680 crore for the June quarter, even as revenue from product sales surged by 10.26 per cent to Rs 17,149 crore, marking its highest growth in 13 quarters.
Grandmaster R Praggnanandhaa of India secured the top spot in the rapid section of the St. Louis Rapid and Blitz tournament, scoring 12 out of 18 points.
Indian archer Sahil Jadhav, preparing for the Asian Games, has found valuable insights into managing pressure and staying focused from former Australian cricketer Shane Watson's self-help book, 'The Winner's Mindset'.
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.
Indian swimmer Sajan Prakash failed to qualify for the men's 200m freestyle finals at the Commonwealth Games, finishing fifth in his heat and 20th overall. This marks a disappointing run for the two-time Olympian, who also missed out on the 50m and 200m butterfly semifinals and has not been able to match his personal bests or national records.
A proposed deal between Iran and Oman could grant Tehran control over vessels entering the Gulf through the Strait of Hormuz, according to a senior Iranian source and two regional officials who spoke to Reuters on Wednesday, in what represents one of the most significant concessions made to Iran to date.
Bajaj Finance reported a strong Q1 FY27 performance with 24 per cent year-on-year AUM growth and a 28 per cent rise in consolidated profit after tax, driven by significant increases in consumer financing, gold loans, and commercial vehicle loans, alongside a strategic focus on digital transformation and AI.
Delhi recorded a marginal decline in murder cases in 2024, with 504 incidents reported during the year as against 506 in 2023, according to the latest National Crime Records Bureau (NCRB) data 2024.
Indian pharmaceutical companies are not rushing to relocate manufacturing to the United States despite former President Donald Trump's renewed threat of tariffs up to 200 per cent on imported generic drugs. Instead, they are leveraging existing US plants, contract manufacturers, and making selective investments in complex products while maintaining India as their primary production hub.
Former poll strategist Prashant Kishor made a stunning electoral debut by winning Bihar's Bankipur assembly seat, a long-held BJP bastion. Concurrently, the Congress retained the Datia assembly seat in Madhya Pradesh, while the BJP successfully held onto the Manjalpur seat in Gujarat, showcasing mixed results for the ruling and opposition parties in these crucial by-elections.
The All India Tennis Association (AITA) has voted to cap the age for eligibility to its Executive Committee at 70 years, aligning its constitution with the National Sports Governance Act. This decision, approved by a narrow margin, allows elected members to complete their full four-year term even if they cross 70 during their tenure. The move is part of a broader constitutional overhaul overseen by the Delhi High Court, which also includes new tenure provisions and the election of Sportspersons of Outstanding Merit.
Indian boxers Vishvanath Suresh (50kg) and Ganga (55kg) secured gold medals at the Asian U-19 and U-23 Boxing Championships in Jakarta. The U-23 men's team delivered two golds and one silver, while U-19 boxers earned two silver medals, showcasing a strong overall performance.
Major bills, including those on women's reservation, delimitation, and the Foreign Contribution (Regulation) Act (FCRA), face an uncertain future in the ongoing Monsoon session of Parliament due to persistent opposition protests and a lack of consensus.
India's premier fast bowler, Jasprit Bumrah, has received clearance from the BCCI's Centre of Excellence to participate in the upcoming two-Test series against Sri Lanka. Bumrah had been recovering from an impact injury sustained during the recent ODI series against England, which forced him to miss the third ODI. His return is crucial for India's World Test Championship aspirations.
The Supreme Court has allowed former West Bengal chief minister Mamata Banerjee and others to file fresh applications regarding their claim that victory margins in 31 constituencies in the recent assembly polls were less than the deletion of votes during the Special Intensive Revision (SIR) of electoral rolls.
India's men's pairs lawn bowls team, comprising Navneet Singh and Dinesh Kumar, secured a hard-fought victory over Namibia at the Commonwealth Games. Building on a previous win, the duo showcased remarkable composure, coming from behind to win the first set 5-3 and dominating the second set 6-3, marking their second successive group stage win.
Gold and silver prices are expected to remain range-bound this week as investors await crucial US economic data, including the non-farm payrolls report, and further signals from the Federal Reserve regarding its interest rate policy.
BMW Group India says every Re 1 depreciation in the rupee against the euro trims its profit margin by about 1 per cent, prompting the company to consider further price increases.
India's manufacturing sector activity growth declined to a five-year low in July, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) falling to 53.5 from 54.2 in June, driven by a slower rise in new business orders and challenging market conditions.
Prime Minister Narendra Modi on Friday expressed concern over the repeated disruptions of parliamentary proceedings, stating that due to the turmoil in the House, the country has been unable to listen to the talented MPs elected in recent times.
Athletics Federation of India's selection committee chairman Adille Sumariwalla has dismissed concerns over Neeraj Chopra's recent silver medal, stating that the "country's greatest athlete" should not be scrutinised for an occasional silver after consistently delivering gold for a decade.
The Indian men's junior squash team secured their spot in the pre-quarterfinals of the World Squash Junior Team Championships by defeating Brazil and the Netherlands 3-0. The women's team also started strong, beating Chinese Taipei 3-0, with World Junior champion Anahat Singh being rested.
Reliance Industries Ltd reported a 22 per cent year-on-year decline in consolidated net profit for the June quarter, primarily because the previous year's earnings were inflated by a one-time gain from the sale of its stake in Asian Paints.
In the para swimming competition, Chaitanya Vishwas Kulkarni and Suyash Narayan Jadhav entered the S7 50m freestlye finals at the Commonwealth Games.
India's lawn bowls team has made an impressive start at the Commonwealth Games in Glasgow. The men's pairs duo of Navneet Singh and Dinesh Kumar secured a hard-fought victory against Namibia, coming from behind to win their second successive group stage match. Additionally, Nayanmoni Saikia delivered a commanding performance in the women's singles, defeating Caroline Whitehead of Isle of Man in straight sets.
Legendary German goalkeeper Oliver Kahn offers his expert analysis on the FIFA World Cup 2026 semi-finals, highlighting tactical discipline, mental strength, and fine margins as key determinants. He previews the Spain vs France clash, discusses the evolving role of goalkeepers, and gives France a slight edge as the strongest contender.
Indian weightlifter Lovepreet Singh secured a silver medal in the men's +110kg category at the Commonwealth Games, setting a new snatch record. He finished just one kilogram behind New Zealand's David Andrew Liti, who made a remarkable comeback in the clean and jerk to clinch gold. This medal contributed to India's successful weightlifting campaign, which concluded with eight medals.
Indian boxer Sakshi Chaudhary delivered a commanding 5-0 victory over Northern Ireland's Caitlyn Fryers in the women's 51kg quarter-finals at the Commonwealth Games, securing her spot in the semifinals and guaranteeing India at least a bronze medal. Chaudhary overcame an aggressive start from her opponent to control the bout with superior technique and composure.
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.
Dr Reddy's Laboratories reported a 68.7 per cent year-on-year decline in consolidated net profit to Rs 443.5 crore in Q1 FY27, primarily due to the end of its lenalidomide sales agreement, a Rs 240-crore provision for semaglutide API inventory quality issues, and elevated freight costs.
Seasoned Indian swimmer Sajan Prakash failed to qualify for the men's 200m freestyle finals at the Commonwealth Games, finishing 20th overall. Compatriot Aneesh Gowda also missed out. While Aryan Nehra finished seventh in the 1500m freestyle, para swimmers Chaitanya Vishwas Kulkarni and Suyash Narayan Jadhav advanced to the S7 50m freestyle finals, offering a glimmer of hope for India.
