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Gold gains as dollar weakens, Donald Trump announces Iran talks
Gold prices rose modestly as oil prices dropped over 5% following Trump's decision to delay an Iran attack, while uncertainty in the Middle East kept gains in check.
Fractal Analytics posts ₹912.50 cr revenue, net profit up 97.87%
Fractal Analyti's consolidated net sales rose 19.99% year-on-year to Rs 912.50 crore in June 2026, with net profit surging 97.87% to Rs 74.20 crore.
Infosys posts strong June 2026 quarter, revenue ₹48,211cr, profit ₹7,769cr
Infosys posted consolidated net sales of Rs 48,211 crore in June 2026, marking a 14.03% year-on-year growth, with net profit rising 12.25% to Rs 7,769 crore.
Google cuts HCLTech outsourcing deal by about $50 million a year
Google has reduced its outsourcing contract with HCLTech by $50 million annually, reflecting vendor consolidation and increased reliance on AI and automation technologies.
India's $250B+ AI and data center push strains power grid
India's $250 billion data centre boom faces delays as power grid infrastructure struggles to meet surging demand, driven by AI and tech investments.
Persistent Systems Q1 FY27 revenue up 29% net rises 13.67%
Persistent Systems reported a 13.7% year-on-year rise in consolidated net profit to ₹483.04 crore for Q1 FY27, with revenue from operations growing 29% to ₹4,303.22 crore.
Indian rupee rises 31 paise to 95.12 against US dollar
The rupee gained 31 paise to 95.12 against the US dollar on Monday, supported by falling global crude oil prices, a softer dollar, and sustained FII inflows.
Propshop Events lists 20% below IPO on NSE SME debut
Propshop Events and Exhibitions shares debuted at a 20% discount to the IPO price of ₹69, opening at ₹55.20 on NSE SME, falling short of market expectations.
Adani Ports July cargo up 15% dry cargo up 21%
Adani Ports reported a 15% year-on-year increase in cargo volumes for July, reaching 46.3 metric tonnes, with growth across all categories, including a 21% rise in dry cargo.
Shiprocket eyes IPO at 30% lower valuation
E-commerce logistics company Shiprocket is expected to launch its initial public offering (IPO) in the next one or two weeks, according to the Economic Times.
RBI MPC meeting begins today: Will repo rate be hiked?
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is holding a three-day policy meeting starting today.
Bitcoin hovers near $62,828 amid U.S.-Iran tensions and July gains
Bitcoin briefly surged past $63,600 before retreating to $62,828 as ongoing US-Iran geopolitical tensions kept traders cautious in early August trading.
Japan and US stage 1st joint currency intervention since 2011
Japan and the US confirmed their first joint currency market intervention since 2011, aiming to curb yen volatility amid sustained weakness and global economic concerns.
Apple iPhone shipments in India fall in Q2 2026
Apple is poised for its first annual iPhone shipment drop in India, driven by supply shortages and reduced affordability, despite strong consumer demand and record revenue growth.
SEBI bars ZEEL from securities markets and bans promoters
Zee Entertainment shares tumbled over 12%, marking their steepest drop in two years, following SEBI's market ban on the company and its promoters amid regulatory violations.
AI cuts bench strength at TCS, Infosys and Wipro
Indian IT companies are reducing bench strength to 8-10% by FY27, driven by AI-led workforce restructuring and demand-focused hiring for niche skills like cloud and cybersecurity.
Oil prices decline 5% as Trump pauses Iran strike
Oil prices witnessed a significant drop in Asia trading on Monday, after US President Donald Trump announced he had called off a planned strike on Iran.
Indian government bonds fall after Bloomberg delays global index inclusion
Indian bonds fell two basis points to 6.85% on August 3 after Bloomberg postponed the inclusion of Indian government securities in its bond index, citing recent market changes.
Indian rupee opens stronger at 95.14 per US dollar
The Indian rupee opened 25 paise higher at 95.14/$ on August 3, supported by falling crude oil prices and central bank interventions, signaling improved market sentiment.
Technocraft Ventures launches IPO at ₹200-₹212 subscription Aug 7-11
Technocraft Ventures has set its IPO price band at ₹200-212 per share, with subscriptions open from 7 to 11 August and anchor allocations on 6 August.
Willie Walsh named IndiGo CEO as airline eyes 2027 A350s
Willie Walsh, former IAG chief, assumes leadership of IndiGo, India's largest airline, as it aims to transition into a globally competitive carrier.
Indian markets likely higher after Donald Trump cites Iran talks
Brent crude dropped to $85 per barrel as geopolitical tensions eased, while a 4% decline in crude oil prices supports positive sentiment for Indian markets.
Non-audited taxpayers get ITR extension to August 31, 2026
Taxpayers with business or professional income not requiring an audit must file their income tax returns for AY 2026-27 by August 31, 2026.
Gold barely up to $4,109.90 as silver climbs to $58.415
Gold edged higher to $4,109.90 per ounce on Monday, while silver surged 1.09%, driven by easing West Asia tensions and uncertainty over US Federal Reserve rate decisions.
GIFT Nifty up 116 as investors await RBI, fresh PMI
GIFT Nifty rose 116 points, signaling a positive start for Indian markets. Asian shares traded mixed as easing Middle East tensions improved global sentiment.
EY warns Strait of Hormuz closure could shrink UK economy
EY has cautioned that a prolonged closure of the Strait of Hormuz could shrink the UK economy by 0.2% in 2027, driven by rising inflation and energy costs.
KKR-backed LEAP India sets IPO band at ₹151-₹159 aims ₹2,480cr
LEAP India has set a ₹151-159 price band for its ₹2,480 crore IPO, opening on August 7. The offering includes a ₹480 crore fresh issue and ₹2,000 crore OFS.
Brent and WTI fall after President Trump announces Iran talks
Crude oil prices dropped sharply as US President Donald Trump announced renewed peace talks with Iran, with Brent crude falling below $85 per barrel during early Asian trading.
July oil prices jump 20% amid renewed U.S.-Iran tensions
Oil prices jumped 20% in July, driven by escalating US-Iran tensions and disruptions in key shipping routes like the Strait of Hormuz and the Red Sea.
AgniKul Cosmos plans reusable rocket recovery in early 2027
Chennai-based AgniKul Cosmos is revolutionizing space tech with reusable rockets, targeting early 2027 for Mission 2 to achieve cost-effective, on-demand satellite launches.
Meta cuts Wipro outsourcing by $25 million to $75 million annually
Meta Platforms' AI-driven overhaul has led to a 25% reduction in outsourced IT work from Wipro, slashing $25 million in annual revenue for the Indian IT giant.
Gold rises as President Trump restarts Iran talks, oil falls
Gold prices rose to $4,070 an ounce after US-Iran negotiations raised hopes of reduced tensions, while investors await Federal Reserve policy signals on inflation.
Reserve Bank of India expected to hold rates August 5
The Reserve Bank of India is likely to maintain interest rates unchanged, as resilient domestic growth and stable rupee offset inflation risks and crude oil price uncertainties.
RBI's FCNR(B) ECB and OFCB schemes could bring $100 billion
India's new forex inflow programs, launched by the RBI, have already mobilized $40.81 billion and are projected to exceed initial estimates, potentially reaching $100 billion.
HDFC Bank, ICICI Bank raise NRI dollar rates to 6.25%
HDFC and ICICI Bank have increased FCNR(B) dollar deposit rates to 6.25% amid rising global benchmark rates and competitive pressures in the overseas borrowing market.
India and Canada seek to conclude CEPA by end 2026
India and Canada are progressing towards finalizing the Comprehensive Economic Partnership Agreement (CEPA) by late 2026, with three negotiation rounds completed so far.
Government seeks SEZ Act update to allow rupee payments domestically
The government is preparing to amend the SEZ Act, 2005, removing the foreign exchange earning mandate for service exports from SEZs to domestic tariff areas (DTAs).
Markets bounce back strongly after 2-week dip
The Indian stock market witnessed a major rebound this week, with both the BSE Sensex and Nifty 50 witnessing significant gains.
WestJet cabin crew go on strike, over 300 flights canceled
WestJet, Canada's second-largest airline, has witnessed a strike by its flight attendants.
Bengaluru: You can order food on Flipkart from August 15
Walmart-owned Flipkart is gearing up to launch its food delivery service in Bengaluru, possibly around August 15.
These 6 IPOs will open for subscription next week
India's primary market is set to witness a flurry of activity with six new public issues slated for subscription next week.
Why India's top cigarette makers are seeing revenue, profit decline
India's top cigarette manufacturers, including ITC, Godfrey Phillips India, and VST Industries, have reported a drop in their net revenue and profitability for the April-June quarter.
RBI revises deposit interest rules
The Reserve Bank of India (RBI) has announced a major overhaul of the rules governing deposit interest rates.
Received tax notice after ITR filing? Here's what to do
The July 31 deadline for filing income tax returns (ITR) has passed, but taxpayers shouldn't think their compliance journey is over.
Petroleum exporting countries consider output increase amid supply disruptions
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, are likely to raise their oil production quotas for September.
Over 1.1cr names deleted from electoral rolls in 10 states
More than 1.12 crore names have been removed from the electoral rolls in 10 states and Union Territories (UTs) under Phase 3 of the Special Intensive Revision (SIR) exercise.
Private equity firms eye India's education sector after healthcare success
Private equity (PE) firms are now targeting India's school education sector, using innovative investment strategies.
IT industry not creating enough jobs anymore, says Sridhar Vembu
Sridhar Vembu, the founder and Chief Scientist of Zoho, has raised concerns over the impact of artificial intelligence (AI) on job creation in India's technology sector.
This real estate developer wants to raise ₹1,200cr via IPO
Bengaluru-based real estate developer Assetz is gearing up for an initial public offering (IPO) of ₹1,200 crore.
Will India's FDI rule change boost exports of handicrafts?
The Indian government has amended its Foreign Direct Investment (FDI) policy to allow e-commerce firms with foreign stakes to hold inventory for export purposes.
Market cap of India's top 9 firms up ₹2.51L crore
The combined market capitalization of nine out of the top 10 most-valued companies in India surged by a whopping ₹2.51 lakh crore last week.
Petrol would cost ₹125/l in Delhi sans ethanol blending: Centre
The Indian government has claimed that petrol prices would have hit ₹125 per liter in Delhi if ethanol blending wasn't used during the recent spike in global crude oil prices.
Foreign investors turn net buyers, pour ₹20,200cr into equities
Foreign Portfolio Investors (FPIs) have turned net buyers of Indian equities in July, reversing their previous selling trend.
China just made a cross-border payment bypassing SWIFT
China has successfully completed its first outbound digital yuan payment to Malaysia, settling a shipment of fresh durian worth CNY 43,000 ($6,360).
Trump launches $100,000 subscription, giving early access to online posts
Donald Trump's media company is offering investors early access to his Truth Social feed for up to $100,000 a month.
Was Trump Organization involved in money laundering?
Capital One Financial has confirmed that it closed the bank accounts of the Trump Organization after an anti-money laundering (AML) review.
Will Indian stock market extend gains on Monday?
The Indian stock market is expected to continue its upward trend coming Monday, following a nearly 3% gain last week.
Amazon plans refunds for eligible customers after $600M tariff payout
Amazon has announced plans to refund a portion of its recent tariff refunds to some customers.
CBI probes ₹1,800cr fraud case against Anil Ambani, Reliance Capital
The Central Bureau of Investigation (CBI) has launched an investigation into a major fraud case against Reliance Capital Limited and its former chairman, Anil D. Ambani.
Zepto plans pre-IPO funding round to strengthen balance sheet
Zepto, a leading player in the quick commerce industry, has announced its plan to conduct a pre-IPO private placement.
Indian start-ups raised $660M in July
Indian start-ups raised around $662 million across 85 deals in July, according to data from Entrackr.
Fresh trouble for Vi: DoT issues ₹26.8cr penalty notice
The Department of Telecommunications (DoT) has slapped a penalty notice on Vodafone Idea for ₹26.83 crore.
Centre releases additional ₹1.09L crore tax devolution to states
The Indian government has announced an additional tax devolution of ₹1,09,019 crore to state governments on August 1, 2026.
ZEE shareholders approve ₹3,140cr warrant issue amid SEBI roadblock
ZEE Entertainment Enterprises Ltd. (ZEEL) has received shareholder approval for its proposal to issue 24.95 crore fully convertible warrants at ₹126 each.
Air India resumes 10 weekly flights between Toronto, New Delhi
Air India has resumed its 10 weekly flights between Toronto and New Delhi. The resumption comes after a temporary reduction in frequencies due to the US-Iran war.
India-Rwanda trade talks: Critical minerals, pharmaceuticals identified as priority sectors
India has expressed its interest in collaborating with Rwanda on critical minerals.
UPI hits record 23.6B transactions in July
India's Unified Payments Interface (UPI) has hit a new record, processing 23.66 billion transactions worth ₹29.88 lakh crore in July 2026.
Patanjali ventures into insurance market
Baba Ramdev's Patanjali Ayurved is all set to enter the insurance sector. The Insurance Regulatory and Development Authority of India (IRDAI) has approved the company's acquisition of Magma General Insurance.
Amazon completes $50B investment in OpenAI
Amazon has finalized its $50 billion investment in OpenAI, the company behind ChatGPT.
Union Cabinet approves ₹84,084cr 'Samudra Manthan' scheme: What is it?
The Union Cabinet has approved an allocation of ₹84,084 crore for the 'Samudra Manthan' scheme.
Taiwan's economy surges by around 13% thanks to AI demand
Taiwan's economy has witnessed an unexpected growth surge in the second quarter, largely driven by the skyrocketing demand for artificial intelligence (AI) technology.
India's GST collections hit 14-month high, touch ₹2.1L crore
India's Goods and Services Tax (GST) collections have hit a 14-month high, crossing the ₹2 lakh crore mark for the second time in the current fiscal year.
Your domestic flights in India are about to become costlier
The Indian Oil Corporation Limited (IOCL) has announced a hike in the price of aviation turbine fuel (ATF) supplied to domestic airlines.
Market timings change from August 3: Everything you should know
In a major overhaul, the Securities and Exchange Board of India (SEBI) and National Stock Exchange (NSE) will introduce a new Closing Auction Session (CAS) from August 3.
Paramount pushes for early trial in Warner Bros merger case
Paramount Skydance has requested a judge to set the antitrust trial for its planned merger with Warner Bros. Discovery in November.
Why SpiceJet is paying salaries to employee in phases
SpiceJet, a domestic airline, is facing financial challenges.
LPG price cut: Commercial cylinders now cheaper by over ₹200
The Indian government has slashed the prices of 19kg commercial LPG cylinders by over ₹200 in Delhi and Kolkata.
Maruti Suzuki's Q1 results: Net profit dips 11% to ₹3,352cr
Maruti Suzuki India Limited has reported an 11% decline in its net profit for the first quarter of FY27.
You can soon pay via UPI in Maldives
The Unified Payments Interface (UPI) has expanded its international footprint with the addition of the Maldives as its 10th market.
India's fiscal deficit in Q1 FY27 surges to ₹3.1L crore
India's fiscal deficit widened to ₹3.1 lakh crore in the first quarter of FY27, according to data released by the Controller General of Accounts (CGA) today.
Faster internet for specialized services might soon be available
The Indian government is considering a review of its net neutrality framework to allow telecom operators to offer differentiated internet connectivity and speeds, as per Economic Times.
Centre extends PM-KISAN for 5 years with ₹3.15L crore outlay
The Union Cabinet has approved the extension of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme by five years, until the fiscal year 2030-31. The total outlay for this extended period is ₹3,15,614 crore.
Why Swiggy shares fell despite better Q1 results
Swiggy's shares fell over 5% in intraday trading on the BSE today, a day after the company announced its June quarter (Q1FY27) results.
India's Q1 crude oil import bill hits record $50B
India's crude oil import bill for the first quarter of FY27 has hit a record high, nearing $50 billion.
Why Amazon and Flipkart are slashing seller fees
Amazon and Flipkart are slashing or waiving commissions on a wide range of products. The move is aimed at expanding their footprint in India's smaller cities and towns, where online shopping is booming.
RBI lets banks offer differential rates on bulk deposits
The Reserve Bank of India (RBI) has permitted banks to offer different interest rates on bulk deposits, depending on their specific run-off rates under the liquidity coverage ratio (LCR) framework.
Key financial rules changing from August 1
August will bring a series of changes that could affect your everyday life, including banking rules, tax regulations, and travel procedures.
Why IndiGo won't order new aircraft before 2030
IndiGo, India's largest airline, will delay its next aircraft order till 2030.
Shocker! BP is selling its North Sea oil, gas business
UK oil and gas giant BP has announced the sale of its North Sea business, marking the end of over 60 years of production in the region.
Flipkart Plus members now get Netflix's mobile plan for free
E-commerce giant Flipkart has teamed up with streaming service Netflix to offer a free monthly Netflix Mobile Plan.
ITR deadline today: Last-minute checklist for taxpayers
The deadline for filing Income Tax Returns (ITR) is today. Taxpayers are advised to double-check certain details before hitting the 'Submit' button.