The stock was the biggest laggard among the Sensex and Nifty firms

A returning NRI who invested overseas savings in a US startup may not face tax on the purchase itself, but discounted acquisitions and annual foreign asset disclosures can trigger tax and compliance obligations.

Sebi has allowed depositories to use a small portion of annual income from the Investor Protection Fund for administrative and statutory expenses while requiring most earnings to remain in the corpus. The revised framework introduces safeguards and takes effect from September.

DeepSeek is quietly building its own AI chip, marking a strategic shift toward vertically integrated AI development, a report said.

The Redmond-based tech giant is letting 4,800 people go as AI investments reshape its businesses; however people who watch global tech industry closely says, India is unlikely to see a disproportionate impact

SanDisk share crash why, chip stocks falling today, AI rally over or not, Micron Intel share fall reason, memory stocks crash news, Samsung stock down despite profit, AI stock correction 2026, semiconductor stocks outlook India, storage stocks news today, why tech stocks falling now

Fresh IMD warning fuels school closure speculation across Mumbai Metropolitan Region.

Palghar shuts schools and colleges on July 8 amid IMD red alert; Mumbai civic body yet to announce any closure.

In neighbouring Palghar district, however, a holiday has been declared in schools and colleges in view of the weather situation.

Meta said that it is committed to improving efforts to combat CSAM.

Partnership aims to help enterprises deploy Claude-powered AI solutions across industries at scale.

Directed by Shiv Rawail and produced by Aditya Chopra under the Yash Raj Films banner, Alpha is reportedly made on a budget of Rs 100 crore.

The Switzerland national football team vs Colombia national football team Round of 16 knockout match will get underway at 1:30 a.m. IST on Wednesday and can be watched on the Unite8 Sports television channels, and ZEE5 app and website.

Profit booking and weak Asian markets capped gains as investors awaited the US Fed minutes, while IT stocks remained resilient ahead of quarterly earnings. Technical analysts recommend buying 360 One Wam and HFCL, citing bullish trends, strong momentum and favourable chart patterns.

Profit booking became evident on Tuesday in reaction to a dip in Asian markets, leaving investors eagerly anticipating the US Fed minutes. Analysts suggest considering 360 One Wam, HFCL, RITES, Azad Engineering, EPL, and PGEL for investment, as they present strong technical signals and promising upside potential.

A content creator dressed as Spider-Man waded through flooded streets in Bhiwandi to guide commuters and carry children across submerged, pothole-ridden roads, as heavy rain battered Thane district.

The approval comes nearly four months after Unacademy co-founder and Chief Executive Officer (CEO) Gaurav Munjal announced that both companies had signed a term sheet for upGrad to acquire Unacademy in a 100% share swap deal.

Brad Pitt and Ines de Ramon appear to be embracing a more public chapter in their relationship, putting months of speculation to rest while delighting fans.

Besides that,investors grew more wary of whether the AI boom would be able to justify capex allocated to data centre buildouts.

For Japanese investors, Japan’s market is shrinking. China market is no longer an option as it is becoming a closed market now. European markets are getting stale. American market is already too competitive because of its local policies and local organisations. The Southeast Asian market is already capped out. African market is very fast paced, it’s not ready yet. Now the only growth market which Japanese investors look into is India. India is the only priority market for Japanese investors now...

The Argentina national football team vs Egypt national football team Round of 16 knockout match will get underway at 9:30 p.m. IST and can be watched on the Unite8 Sports television channels, and ZEE5 app and website.

The UNCTAD stated that the reformed FDI regime has reinforced openness to foreign investors.

India faces a crucial third T20I against England after a rain-abandoned opener and a loss in the second match, leaving them needing a win to stay in the series.

The Reserve Bank of India is set to hold an overnight variable rate repo auction on July 8, offering Rs 25,000 crore. This auction aims to address current liquidity dynamics, and the funds will revert on July 9. Following less engagement in a prior auction due to excessive liquidity, this move seeks to adjust the monetary balance.

Trump says NATO allies must do more on defence, keeps Europe troop cut plans open ahead of high-stakes Ankara summit.

Kalyan Jewellers reported strong first-quarter revenue growth, supported by resilient domestic demand, healthy international performance and rapid expansion of recycled gold usage. The company also added new stores and said it entered the current quarter with positive momentum ahead of festive demand.

Meta Platforms has disclosed in a court filing that four US states are seeking $1.4 trillion in penalties over claims it designed Facebook and Instagram to be addictive to young users.

Besides that,investors grew more wary of whether the AI boom would be able to justify capex allocated to data centre buildouts.

The foldable iPhone is anticipated to have fewer volumes manufactured due to the manufacturing challenges.

SpaceX joins the Nasdaq 100 but weak investor sentiment drags the stock lower

Set during the early Joseon Dynasty, Nambeol follows the journey of nine warriors from different social backgrounds, each possessing unique fighting skills.

Global semiconductor stocks fell sharply as Micron and Intel dropped up to 8%, tracking weakness in Asian peers despite strong Samsung earnings. Investors are reassessing valuations after a strong AI-led rally, while concerns over custom chip development and future demand are making markets more selective towards AI-linked semiconductor companies.

iShares fund begins trading Thursday, adding competition to Nasdaq-100 ETF market.

Mumbai Rain News Live Updates: The India Meteorological Department issued an orange alert for Mumbai, Ratnagiri, and Thane. Palghar is on red alert.

Suryakumar Yadav dismissed a fake statement circulating on social media, urged fans not to share unverified information, and reiterated his full support for Team India while wishing the players the very best.

Outstanding loans against gold jewellery stood at Rs 3.29 lakh crore at the end of May 2026, up 69.9% from Rs 1.94 lakh crore a year earlier.

A Delhi taxpayer was denied a ₹17 lakh tax refund due to late e-verification of his ITR while caring for his ill father. ITAT ruled that denying the refund on technical grounds violates Article 265 of the Constitution, leading to a ruling in his favor.

The patent covers a cell-free DNA analysis platform that enables early cancer detection from a blood test, the company said

NCDEX has relaunched black pepper futures after more than a decade, aiming to restore India’s role in global price discovery. The contract offers farmers, traders and exporters a regulated platform for hedging, transparent pricing and better risk management amid volatile commodity markets.

Jim Cramer said the latest market rotation has created attractive buying opportunities as institutional selling dragged down quality stocks. He highlighted PepsiCo, Starbucks, Constellation Brands, TJX Companies and Johnson & Johnson as potential picks despite recent market weakness.

US President says he likes Italian PM Giorgia Meloni but says differences over Iran hurt ties

Investors should note that the record date for the purpose of determining shareholders eligible to participate in the buyback in accordance with the SEBI Buyback Regulations was July 03, 2026 (Friday).

In March 2026, Bachchan bought another 2.67-acre Ayodhya plot for Rs 35 crore, marking his third investment in the temple city, Ayodhya

SpaceX made a strong debut on US exchanges, with shares opening at $150 apiece, an 11% premium to the IPO issue price of $135 per share.

The CBI has registered seven FIRs against Reliance Communications Ltd (RCom), RHFL, RCFL and Reliance Telecom Ltd (RTL) on the basis of complaints received from various public sector banks and the LIC.

Reports noted that the app that the user utilised to allegedly shut down ATMs remotely had a similar user interace to that of the Chinese application BAT BMS.

Stakeholder consultations in Bhubaneswar keep the spotlight on the pay revision multiplier, with experts projecting a fitment factor of up to 2.86 under the 8th Pay Commission.

Forex traders said market sentiment was also buoyed after Saudi Arabia slashed August crude oil prices for Asia by $11 per barrel

George Soros observed that market prices influence economic fundamentals. Rising prices attract buyers and encourage business expansion, which alters underlying conditions. This self-reinforcing loop creates boom periods where optimism fuels further price increases. Conversely, falling prices reduce confidence and tighten credit, accelerating downturns. Understanding this interactive system is crucial for navigating financial market dynamics.

A major point of interest in every Pay Commission report is the fitment factor, which forms the foundation for calculating revised basic pay.

The 50-share NSE Nifty dipped 31.65 points, or 0.13%, to end at 24,398.70. Sensex and Nifty had rallied more than 2% in the last four sessions to hit more than two-month high levels on Monday (July 6, 2026)

After a turbulent trading day, Indian government bonds ended lower on Tuesday. Profit booking led to a notable spike in the 10-year yield, marking its largest climb in more than two weeks. Caution grew among investors due to rising United States yields, heightened geopolitical tensions in the Middle East, and slightly climbing oil prices. Nevertheless, robust foreign inflows and improved monsoon rainfall mitigated the overall rise in yields.

8th pay commission: The All India NPS Employees Federation (AINPSEF) has demanded HRA revision, minimum monthly transport allowance, DA hike, and salary increase for central government employees and pensioners.

AI-linked stocks tumble as global technology sell-off fuels valuation concerns and investors rotate out of the sector.

Despite a weak broader market, eight BSE Small-cap 250 stocks, led by Cemindia Projects, hit fresh 52-week highs after rallying up to 35% over the past month, signalling sustained buying interest and strong bullish momentum.

DGCA data shows domestic passenger traffic rises 1.21% YoY, while IndiGo leads both market share and flight punctuality rate in May.

The discussions highlight how China, like the US, is now viewing cutting-edge artificial intelligence as a vital national asset that requires regulations.

AI-focused studio Particle 6 is developing Misaligned as part of its expanding slate of films, TV projects and commercial productions.

HUL has also been dealing with rising input costs, a phenomenon affecting the FMCG space at large.

Several NSE large-cap stocks are trading at price-to-earnings ratios below their industry averages, potentially indicating attractive valuations. While lower PE multiples may signal undervaluation, they can also reflect weaker growth expectations, business risks or sector-specific challenges.

SEBI said circumstantial evidence failed to prove Raj Kumar Agarwal possessed UPSI in the RHI Magnesita-Dalmia OCL deal, closing the insider trading case.

The Argentina national football team vs Egypt national football team Round of 16 knockout match will get underway at 9:30 p.m. IST and can be watched on the Unite8 Sports television channels, and ZEE5 app and website.

The company may undertake a pre-IPO placement of equity shares aggregating up to ₹190 crore before filing the Red Herring Prospectus

India and Indonesia expanded their strategic partnership with agreements on defence, maritime security and critical minerals, with New Delhi set to supply BrahMos and Astra missile systems to Jakarta.

Bank employees often avail themselves of internal loan facilities for housing, vehicles and other requirements.

Overall EV penetration crosses 12% for the first time — led by three-wheelers and two-wheelers sales

Strengthens India presence with a 200,000-square-foot facility designed to help enterprises move from AI experimentation to large-scale deployment.

The deep cut comes after spot crude ‌markets tumbled on rising West Asian supplies; OSP ⁠for the previous month was a ‌premium of $9.50 a barrel

Mumbai Rain News Live Updates: The India Meteorological Department issued an orange alert for Mumbai, Ratnagiri, and Thane. Palghar is on red alert.

The RBI is understood to have sought details of cash inventories at bank branches to determine whether lenders are maintaining adequate cash to replenish ATMs in a timely manner.

Chennai-based race car tuner Ashwin Durai says modern BS4 and newer petrol vehicles are well-equipped to handle E20 fuel, urging motorists to rely on technical evidence rather than viral misinformation.

The left-arm fast bowler played 80 internationals and was among the pioneers of Afghanistan cricket.

Forex traders said market sentiment was also buoyed after Saudi Arabia slashed August crude oil prices for Asia by USD 11 per barrel.

Business cycle funds aim to capture opportunities across different phases of the business cycle: growth, recession, slump, and recovery. ICICI Prudential Business Cycle Fund is the biggest fund with an AUM of ₹15,798 crore and has delivered an 18.77% return over the last three years.

The new policy mandates bike taxi operators to have a Maharashtra domicile certificate to be eligible for permits.

The Ministry alleged that the certification authority had suggested nearly 100 cuts, but instead of making them, the filmmakers renamed the film and released it on OTT.

Futures tied to the S&P 500 index were down 0.13% to 7,582 while Dow Jones Industrial Average bucked the trend and rose 0.3% to 53,492 during pre-market trade.

Authorities are searching for trapped workers as heavy rainfall continues in the landslide-prone region.

DA hike: Kerala is considering a 2% increase in Dearness Allowance (DA) for state government employees to be disbursed in their August salaries, ahead of Onam festivities. An official order is awaited.

The income tax department has launched Form 68 under the Income-tax Act, 2025, for specified investment funds to file exempt income statements and claim tax benefits for eligible non-resident investors. Details here.

The 2026 FIFA World Cup became the largest prediction market event, generating over $5.4 billion in trading volume. Expanded participation, lower-cost markets and AI-driven innovations are accelerating adoption, with annual sports prediction market volumes projected to reach up to $923 billion by 2030.

On Tuesday, the Indian rupee experienced its most significant one-day increase in three weeks, driven by heightened dollar selling activity within the non-deliverable forward market. This prompted traders to adjust their positions, marking a reversal of the prior trend in forward market premiums. Additionally, other Asian currencies showed resilience against the dollar as investors forecast a reduction in U.S. interest rate hikes for the remainder of the year.

Stretching a ₹35,000 monthly pension requires careful planning, especially in smaller cities like Lucknow and other similar urban areas. A structured budget, pre-built emergency savings, healthcare planning, and low-risk investments can help retirees manage expenses.

Investigators have further alleged that the accused rehearsed the crime on another hill before the incident at the Lohagad Fort.

Google and Meta told the Delhi High Court they cannot proactively monitor court hearing videos uploaded by users, arguing they act only on valid legal requests.

Civic chief says BMC will start monsoon preparations in January next year, admits lapses in micro-level monitoring while ruling out road concretisation as the sole cause of tree falls.

IC Electricals IPO GMP had surged over 50% ahead of listing, before dropping to 35%. Check the latest grey market premium, subscription details, allotment and listing outlook.

The NSE Nifty 50 closed 31.65 points, or 0.13%, lower at 24,398.70, while the BSE Sensex fell 104.35 points, or 0.13%, to end at 78,180.72.

Swiggy shares rallied sharply on Tuesday after foreign ownership fell below 50%, taking the company closer to qualifying as an Indian-owned and controlled company. While no immediate operational changes follow, the milestone could eventually allow Instamart to own inventory directly, boosting margins and improving supply chain efficiency.

Nifty Defence fell 1.6%, while Nifty Realty declined 1.52% and Nifty Metal slipped 1.12%. Nifty Energy, Pharma, Media, PSU Bank and Bank also traded lower.

What was reported as an accidental death has now become a murder investigation.

Finance Ministry says over 4.11 lakh guarantees have been issued under ECLGS 5.0, with MSMEs accounting for 98% of beneficiaries by number.

The milestone approval, granted by the world center for the trading of industrial metals, enables Adani Copper to be delivered with warrants eligible for issuance against LME Copper futures contracts beginning July 10, 2026.

Info Edge reported standalone billings of Rs 737 crore for the quarter ended June 30, 2026, an increase of 14.41% from a year earlier.

Mumbai Rain News Live Updates: The India Meteorological Department issued an orange alert for Mumbai, Ratnagiri, and Thane. Palghar is on red alert.

The sale price is applicable to many models by Tata Motors, including its Nexon EV, pre-facelift Tiago EV and Punch EV, among others. 

Blurgs AI’s platforms are used by mission-critical organisations across defence, international maritime and conservation sectors, and India’s public sector ecosystem including the Indian Navy, the Indian Coast Guard, Bharat Electronics, DRDO Labs.

As speculative hype fizzles out and global central banks slow their purchases, the sharp drop in gold and silver highlights the danger of trading commodities for short-term gains.

Officials said around 10 people may still be trapped under the debris amid the area is understood to have recorded over 265 mm of rainfall in the preceding 24 hours.

Gold loans have emerged as the largest asset class, overtaking vehicle loans, accounting for nearly 31% of the overall securitized volume.

A Delhi-based movie distributor says an unresolved dispute with its former MD has kept a Rs 6 lakh loan outstanding.

Indian IT stocks climbed despite a sharp sell-off in Asian chipmakers, as investors positioned for Q1 earnings. Indian IT stocks have had a rough ride in recent months because investors worry that AI could hurt billing growth, reduce manpower-linked revenue and force companies to pass productivity benefits to clients. With the sector having lost over Rs 17 lakh crore in market value, upcoming earnings and management commentary could determine whether the recovery has legs.

Foreign investment in the food delivery and quick commerce major Swiggy has fallen to 49.76%, edging closer to the threshold needed for Indian Owned and Controlled Company status under FEMA rules.

Money market funds invest in money market instruments with a maturity of up to 1 year. Based on one-year performance, Union Money Market Fund has emerged as the best-performing scheme in the category with a 6.63% return, followed by LIC MF Money Market Fund and Bank of India Money Market Fund.

Thirteen BSE 500 stocks surged 60%–230% in just over three months after mutual funds increased their holdings in the March 2026 quarter, with HFCL, Cemindia Projects and Aditya Infotech emerging as multibaggers.

Tax compliance goes beyond filing your income tax return on time. Several provisions under the Income Tax Act, 1961, set limits on cash transactions and high-value financial dealings. Staying within these limits can help taxpayers avoid penalties, scrutiny and unnecessary legal complications.

Info Edge shares rose sharply after the company reported a 14.4% year-on-year rise in Q1FY27 standalone billings, led by strong growth in its recruitment and real estate businesses. Investor sentiment was also supported by the Coding Ninjas acquisition and additional commitment to its startup investment fund.

Defence stocks declined up to 5% as investors booked profits after a sharp rally triggered by the Defence Acquisition Council’s approval of Rs 52,000 crore worth of acquisition proposals. Despite the correction, brokerages remained positive on the sector, citing strong order inflows and execution opportunities for companies such as HAL and Bharat Electronics.

ChatGPT users reported issues across several features including Codex,Custom GPTs, workspace analystics.

Heavy rain triggered a landslide in Kasara Ghat, disrupting traffic on the Mumbai-Agra Highway. Rail services between Mumbai and Pune remained affected.

The authority has activated the round 1 WBJEE 2026 seat allotment link on the official website, wbjeeb.nic.in. The results can be access using your WBJEE roll number and password

After a 70.9% drop from Sunday, Alpha collected Rs 3.85 crore on Day 4, taking its India net to Rs 37.85 crore and gross to Rs 45.34 crore.

The global oil market absorbed record supply disruptions during the Iran conflict without triggering a prolonged price shock. But analysts warn that depleted strategic reserves, damaged energy infrastructure and unresolved tensions around the Strait of Hormuz have left the market more vulnerable to future oil price spikes.

Ola Electric Mobility shares fell over 2%, extending their three-day decline to 9%, after media reports said two vendors had filed fresh insolvency pleas against its subsidiary over alleged unpaid dues of more than Rs 40 crore. The company also recently reported a sequential jump in Q1FY27 vehicle registrations.

While IPO fundraising remains below the levels seen at the start of the year, both the volume of deals and the size of the pipeline suggest companies are preparing to tap equity markets more aggressively in the second half.

Union Road Transport and Highways Minister Nitin Gadkari has claimed that buses in Delhi could possibly run on hydrogen produced from segregated municipal waste in the future.

Several banks have tightened redemption benefits and raised eligibility thresholds for premium perks such as airport lounge access.

EPFO allows partial withdrawal in cases such as job loss, home purchase or education expenses, etc to offer more flexibility to employees.

The wide-ranging agreements underline the deepening strategic partnership between India and Indonesia across defence, economic, technological and cultural domains.

Nearly 53 companies are set to see IPO lock-in expiries between July and September 2026, potentially unlocking shares worth about $11 billion, according to Nuvama. While not all eligible shares are expected to be sold, the expiries could weigh on stock prices in the near term.

The new rules by the SEBI allows firms to carry out buybacks through regular trading mechanisms without a dedicated buyback window

As NSE nears its IPO, Jefferies says its dominant market position and strong profitability set it apart from global peers.The brokerage expects the listing to attract significant investor interest.

RITES shares jumped 7% after the company secured a $35.82 million international order, boosting investor sentiment and stock performance.

Nifty IT rose 1.58%, leading gains among sectoral indices, according to NSE data. Nifty India Defence fell 1.18%, while Nifty Metal declined 1.06%.

As many as 53 recently listed companies face lock-in expiries between July and September, making shares worth around $11 billion eligible for trading. Check the full list and unlock dates.

PAN-Aadhaar linking is essential for eligible taxpayers to keep their PAN active and avoid disruptions in tax-related services. Taxpayers with unlinked PANs can complete the process by paying the applicable fee through the e-filing portal. 

Japanese government bond yields fell Tuesday after a successful auction of long-term debt. The benchmark ten-year yield retreated from multi-decade highs, easing investor concerns. Longer-dated bonds saw steeper declines following robust demand for securities. This auction offered relief after recent yield increases driven by inflation worries. Market participants continue monitoring inflation and fiscal policy for future yield movements.

Board to meet on July 10 to consider sub-division of equity shares; company to also approve June-quarter results

Fill a health insurance proposal form correctly with this step-by-step guide. Understand required details, medical disclosures, nominee information and important checks to avoid claim problems while ensuring smoother policy approval and better financial protection for you and your family.

Samsung Electronics shares plunged 10% despite forecasting a 19-fold jump in second-quarter profit, as investors worried the AI-driven memory chip boom may be peaking. Analysts said strong earnings were already priced in, while concerns over slowing AI infrastructure spending triggered a sharp sell-off across semiconductor stocks.

Mumbai local train services between Vasai Road and Virar have resumed after rainfall disruption, but several MEMU services remain cancelled due to waterlogging.

Japan sought to reassure financial markets that it remains committed to fiscal discipline after concerns over its latest economic policy blueprint pushed government bond yields to multi-decade highs. The government denied it was pressuring the Bank of Japan to keep interest rates low and reiterated support for central bank independence.

ECB Executive Board member Isabel Schnabel said the euro zone economy has not returned to pre-war conditions despite lower oil prices, citing persistent core inflation, energy market risks and supply chain pressures. Her remarks suggest policymakers remain cautious on inflation, while another ECB official struck a more optimistic tone on energy prices.

Any additional contributions on basic wages over Rs 15,000 will be optional for both parties. The new rule, along with the Labour Code, has a direct impact on salaries.

Mission Drishti was launched on May 3, 2026 aboard a Falcon 9 by SpaceX from Vandenberg, California

Mission Drishti was launched on May 3, 2026 aboard a Falcon 9 by SpaceX from Vandenberg, California

You miss all the moonshots you don’t take

Cult.fit has filed for an IPO comprising a Rs 950 crore fresh issue and an OFS of up to 17.86 crore shares. Here are the key financials, sellers, offer details, and key risks.

From the laggards, Trent tumbled 9.8%. Larsen & Toubro, Bharat Electronics, ITC and Tata Steel were also among the laggards

Nifty IT rose 1.58%, leading gains among sectoral indices, according to NSE data. Nifty India Defence fell 1.18%, while Nifty Metal declined 1.06%.

Cult.fit has issued a Rs 950-crore fresh issue and this has arrived with narrowing losses, an auditor flag on lux-centre data controls and rising city concentration.

Microsoft is cutting nearly 4,800 jobs as its new fiscal year begins. These layoffs primarily impact the commercial sales and Xbox gaming divisions. The company states this restructuring reflects industry evolution and changing business priorities.

Indian government bonds traded range-bound early Tuesday, pausing a three-session rally. Traders awaited a large state-debt auction, which will sell bonds worth 213.50 billion rupees. Oil and U.S. Treasury yields trading sideways provided no fresh directional triggers for the market. Sustained foreign buying is expected to continue underpinning sentiment in the bond market. Monsoon-led inflation concerns have also eased as rainfall improved across the country.

IC Electricals IPO GMP has surged over 50% ahead of listing. Check the latest grey market premium, subscription details, allotment and listing outlook.

SpaceX is set to join the Nasdaq-100 index today, July 7. This inclusion could trigger approximately $4.3 billion in passive investment inflows. Companies joining the index often experience a share price boost from tracking funds. SpaceX was also recently added to the Russell 1000 index. Investors will observe if the index entry fuels further stock gains.

Kalyan Jewellers share price fell as 8.63% intraday to Rs 348.35 apiece.

The positive factor for the Indian rupee was Saudi Arabia slashing Asia oil prices by $11 per barrel, said an expert

Footage that spread rapidly across social media captured the moment a bright flash and plume of smoke erupted within the packed gathering, cutting off the speech and sending attendees fleeing in different directions.

With Q1 FY27 earnings season approaching, investors will closely monitor management commentary on deal pipelines, AI monetisation opportunities, hiring trends, margin outlook and discretionary spending recovery across major sectors, says IDBI Capital.

Bitcoin climbed past $63,000 as buying interest returned on Tuesday. Key on-chain metrics indicated market stabilization after recent fluctuations. Ethereum also saw gains, supported by stronger network activity and stablecoin supply. Major altcoins experienced mixed movements, with some falling and others rising. Analysts suggest further confirmation is needed for a decisive trend reversal.

The price band for the IPO is set between Rs 398 and Rs 419 per share.

The heavyweight tech stars such as Tata Consultancy Services, Infosys, HCLTech, and Wipro traded higher to lift the Nifty IT index by 2.6% after the opening bell.

A UK regulatory review has recommended that the Financial Conduct Authority consider bringing AI models such as ChatGPT, Claude and Gemini within its regulatory framework as their influence on consumer financial decisions grows. The report also warned of systemic risks from increasing reliance on a handful of AI and cloud providers.

Stock rises up to 5% after sharp decline since listing on June 30

The India–UK FTA is set to come into effect on 15 July. One of the biggest takeaways for Indian consumers is the gradual reduction in prices of imported Scotch whisky and gin. Under the agreement, tariffs on imported whisky and gin will be cut from 150% to 75% initially and further reduced to 40%. 

For AY 2026-27, the earlier ‘Other Exempt Income’ field in Schedule EI has been removed. In its place, the department has now introduced a new reporting option titled ‘Receipts not in the nature of income.’

Mumbai Rain News Live Updates: The India Meteorological Department issued an orange alert for Mumbai, Ratnagiri, and Thane. Palghar is on red alert.

Recently listed Vedanta stocks experienced a significant decline on Tuesday morning. Vedanta Iron and Steel shares surged sharply after a substantial investment by Premji Invest. This smallcap counter saw its market capitalization more than double before the rally lost momentum. Vedanta Aluminium shares dropped despite reporting record quarterly production figures. Vedanta Oil & Gas and Vedanta Power also saw their stock prices fall since listing.

The Tata Group company reported strong growth across key businesses in the first quarter of FY27, led by jewellery and a sharp jump in its international operations.

RIP 1998–2020?

Following the robust Q1 preview, Citi, Morgan Stanley, Macquarie, and Bernstein have maintained their positive ratings on Titan Company, forecasting target prices that stretch up to Rs 5,182.

Trent shares fell sharply on Tuesday, erasing nearly Rs 18,000 crore in market value, after its Q1 revenue growth of 19% missed Street estimates. While weak store productivity and slowing expansion raised concerns, most brokerages remain bullish, calling the slowdown seasonal, though Citi warns of structural challenges and intensifying competition.

Xbox will eliminate 3,200 jobs through FY27 as part of its biggest restructuring, streamline operations, and separate several game studios to improve profitability.

Four Nifty500 stocks, Zydus Wellness, Sumitomo Chemical India, Max Healthcare Institute, and Zensar Technologies, closed over 1.5% below their VWAP on July 6, indicating potential bearish momentum and increased selling pressure, according to technical scan data.

Gold and silver prices today, 7 July: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.

The proceeds will be used to repay a $1 billion credit facility that was issued by Brookfield in 2023 to Avaada Ventures, people known to the matter said.

US hedge funds cut exposure to technology hardware stocks for a fourth straight week ahead of the earnings season, amid weakness in semiconductor shares and concerns over AI-related spending. They also trimmed holdings in industrials and consumer discretionary stocks while increasing allocations to index funds, ETFs and defensive sectors.

Technical analyst Kush Bohra shares his top picks for the day.

In the last 24 hours, there has been a 12% increase in the water stock in these seven reservoirs.

On July sixth, four Nifty500 stocks saw closing prices rally by over 1.5 percent. This movement above their Volume Weighted Average Price suggests a potential bullish trend. Karur Vysya Bank and Poonawalla Fincorp showed significant price increases. Manappuram Finance and Swan Corp also experienced positive trading activity.

Regulators globally have begun to focus more keenly ‌on the impact of AI, from cyber and operational risks associated with frontier AI models such as Anthropic’s Mythos to the challenges posed by the agentic systems

The stock fell nearly 10% to an intraday low of Rs 3,010 after opening at Rs 3,080, to later trim some losses and trade at Rs 3,052 apiece as of 9:25 am.

Under the EPF Scheme, 2026, withdrawals have been simplified into three categories: essential needs, housing needs and special circumstances.

Indian stock markets traded higher on Tuesday, extending gains for a fifth consecutive session. Oil prices remained near pre-war levels, and foreign investors continued their buying trend. Sensex and Nifty both saw upward movement, with broader markets also participating in the rally. Certain sectors like IT advanced, while others experienced declines. Experts anticipate an uptrend supported by economic fundamentals and favorable interest rates.

Indian stock markets closed lower on Tuesday, ending a four-day gain. Weak global cues and rising oil prices impacted trading sentiment negatively. Foreign investors remained net buyers, providing some support to the market. IT stocks surged significantly, while broader markets experienced declines. Analysts anticipate an uptrend driven by economic growth and favorable interest rates.

Gold and silver prices opened lower on the MCX Tuesday, extending recent losses. Investors await U.S. Federal Reserve minutes for monetary policy clues. MCX silver futures for September 2026 delivery fell and gold futures for August 2026 delivery also declined. Spot gold and silver prices also saw decreases in international markets. Experts suggest buying gold and silver on dips with strict stop-loss adherence.

Nifty IT rose 1.58%, leading gains among sectoral indices, according to NSE data. Nifty India Defence fell 1.18%, while Nifty Metal declined 1.06%.

MCX gold August futures contract dipped 0.51% to Rs 1,46,005 per 10 grams, while the MCX silver September futures dropped 1.41% to Rs 2,33,416 per kg.

The EMS company is betting on semiconductors, PCB manufacturing and design-led products after missing its own growth targets and seeing its valuation shrink.

Nashik remains on high alert amid cloudburst warnings, with Trimbakeshwar darshan suspended, evacuations underway and schools shut in vulnerable areas. Heavy rains, gusty winds and travel disruptions continue across Maharashtra.

Motilal Oswal has identified ten non-Nifty stocks for investors ahead of quarterly earnings. The brokerage anticipates healthy revenue growth across various market capitalizations. TVS Motor and Dixon Technologies are among the top picks with significant upside potential. Radico Khaitan and Indian Hotels Company also show promising revenue growth prospects. Coforge and Kirloskar Oil Engines are also highlighted for their future performance.

Six SME IPOs are set to debut on the stock exchanges today, with Atharva Polyplast, Seemax Resources, Sampark India Logistics and Kratikal Tech listing on the BSE SME platform, while Teja Engineering Industries and Vinit Mobile will debut on the NSE SME platform. Kratikal Tech topped the pack, raising Rs 39.69 crore and garnering a 205-times subscription.

Indian IT stocks now offer dividend yields comparable to bank fixed deposits. These yields have risen because stock prices have significantly declined from their peaks. Companies possess substantial liquidity and are actively using buybacks and dividends for support. However, sector headwinds from AI and geopolitics create uncertainty for future growth. Investors face a polarized market with potential risks and rewards.

InCred has set a target price of Rs 2,821 on Mankind Pharma stock, marking an upside of 11%.

The Bengaluru-based fitness and wellness platform backed by Temasek, Zomato and Accel, is a fresh issue of Rs 950 crore, as was reported earlier, on July 6, by NDTV Profit.

Titan Company reported a 41% year-on-year rise in consumer businesses for the June quarter, driven by robust jewellery demand, retail expansion and strong international growth. The Tata Group firm added 77 stores during the quarter, while its jewellery, watches, eyecare and emerging businesses all posted healthy growth.

Titan Company share price rose 2% after it saw a 41% year-on-year rise in the June quarter. Robust jewelry demand and an expanding retail network fueled this significant growth. The company added seventy-seven stores, increasing its total retail presence to 3,680 locations. Watches and EyeCare segments also reported strong twenty-three percent growth during the period.

Under the EPF Scheme 2026, members must submit a fresh nomination after marriage, as earlier nominations become invalid. While nominating a spouse is optional, updating nominations ensures eligible family members receive EPF benefits without delays or legal complications.

Nifty is now approaching a key resistance zone between 24,482 and 24,520.

Five stocks in the Nifty500 pack that gained over 4% featured in the RSI Trending Up scan on July 6 after showing improving momentum. The RSI moved above the 50 mark from lower levels, signalling strengthening price action, improving sentiment and potential short-term buying opportunities for traders tracking bullish technical setups.​

Charles De Ketelaere scored twice before Hans Vanaken and Romelu Lukaku found the net as Belgium brushed aside co-hosts USA to set up a FIFA World Cup 2026 quarter-final clash with Spain.

Train services between Mumbai and Pune remained suspended for the second consecutive day after heavy monsoon triggered landslides.

Top picks include power generation company Adani Power, pharma player Glenmark, steel major Tata Steel, automobile manufacturer Bajaj Auto, and specialty chemicals company SRF.

Brent crude futures rose 28 cents, or 0.39%, to $72.29 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 29 cents, or 0.26%, to $68.84 a barrel. Both benchmarks had settled close to their pre-Iran war levels on Monday.

The two-wheeler major launched its share buyback on July 1 as it aimed to buy back 46.94 lakh shares or 1.68% of the total paid-up share capital, with the record date being fixed on June 24.

Charles De Ketelaere scored twice before Hans Vanaken and Romelu Lukaku found the net as Belgium brushed aside co-hosts USA to set up a FIFA World Cup 2026 quarter-final clash with Spain.

Mumbai Rain News Live Updates: The India Meteorological Department issued an orange alert for Mumbai, Ratnagiri, and Thane. Palghar is on red alert.

Schools, colleges, anganwadis and government offices across Pune will remain closed on July 7.

India had fallen out of favor as investors chased markets with greater exposure to the artificial intelligence boom, while the energy shock triggered by the US-Iran war stoked concerns about the country’s external finances, pushing the rupee to record lows. As those pressures ease, bankers and investors say interest in local assets is beginning to recover.

Samsung posted preliminary operating income of 89.4 trillion won ($58 billion) in the three months through June, beating projections by about 6%.

Gold prices declined Tuesday, trading below recent highs. Investors await U.S. Federal Reserve minutes for policy direction. U.S. services sector activity dipped, but employment showed stability. Bullion prices retreated from earlier record highs this year. Perth Mint gold sales reached a two-month peak in June.

Oil prices saw slight gains Tuesday as traders focused on supply increases. Traders are looking beyond Middle East tensions to demand prospects. The United Arab Emirates increased crude output significantly in June. Saudi Arabia also cut its August crude selling price to Asia. Market watchers await demand response, especially from China.

The IMD has warned of heavy to extremely heavy rainfall in parts of Mumbai and surrounding areas on Tuesday, with gusty winds expected to accompany the showers.

While global crude prices have fallen over the past week amid easing geopolitical tensions and higher OPEC+ production, Indian consumers are yet to see any relief at the fuel pumps as petrol and diesel prices remain unchanged.

The 8th Pay Commission is reviewing salaries, pensions and allowances for central government employees and pensioners, with the fitment factor remaining the key focus. Experts expect it to range between 1.90 and 2.86.

The disruption came amid a spell of intense monsoon activity across Maharashtra, which has affected road and rail connectivity in the Mumbai metropolitan region and surrounding areas in recent days.

FDA Commissioner Tukaram Mundhe tells NDTV Profit in an exclusive interview that Gutka manufacturers, transporters and sellers form an organised nexus, prompting the state to invoke MCOCA, a law typically reserved for terrorism and organised crime, in its crackdown on the banned substance.

Brent crude held above $72 a barrel after a marginal decline in the previous session, while West Texas Intermediate traded near $69.

The attack adds to a string of recent incidents in the Strait of Hormuz and Gulf of Oman, a critical global oil chokepoint that has witnessed heightened maritime security tensions in recent months amid Iran war.

Markets extended their winning streak on Monday, supported by encouraging quarterly business updates. Reliance Industries received an administrative warning from Sebi regarding insider trading allegations. Trent and Titan reported strong revenue growth in their respective June quarter results. The government will sell a stake in Cochin Shipyard through an offer for sale. Nestle announced the establishment of a new Global Capability Center in Hyderabad.

Markets weighed fresh security concerns in the Strait of Hormuz despite another record close on Wall Street.

The MSCI Asia Pacific Index fell 0.3%, with decliners narrowly outnumbering gainers. Technology stocks led the losses, with Samsung falling over 5% even after quarterly profit surged 19-fold. The Kospi Index retreated 3.5%, while SK Hynix Inc. shares dropped 1% after kicking off the formal marketing process for its US listing.

Kusumgar plans a ₹650 crore offer for sale, reducing promoter stake to 75.4%. The engineered fabrics manufacturer boasts strong EBITDA margins, exceeding its listed peers. Revenue declined in FY26 due to deferred orders and US tariffs impacting exports. Operating cash flow improved significantly after a deficit in the prior year. Investors with high-risk appetite may consider this issue for long-term.

Reliance Industries received an administrative warning from Sebi regarding insider trading. The regulator found employees traded shares with unpublished price-sensitive information. Sebi investigated trading activity during a specific period in 2024. The company stated the warning is cautionary and imposes no restrictions. Reliance will address the concerns raised in the Sebi letter.

Tata Capital is marketing its second dollar bond issue to raise funds. The non-banking finance company seeks to raise at least $300 million from investors. This transaction is expected to be a Regulation S offering open to global investors. Bankers Standard Chartered, HSBC, and MUFG are managing this debt issuance. The company plans to use these funds for its on-lending activities.

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

Brokerages initiated coverage on three Indian companies with positive ratings. Kirloskar Oil Engines has a price target implying a twenty-four percent upside. APL Apollo Tubes is seen as a strong play in building materials. Union Bank of India offers a sixteen percent potential return. These recommendations suggest significant future growth prospects for the firms.

Foreign investors bought Indian financials worth over fourteen thousand crore rupees. This marked their highest purchase in financials during the second half of June. Overseas investors became net buyers of Indian equities after significant earlier outflows. Global index rebalancing and value purchases boosted renewed investor appetite for financials. Financial services and infrastructure sectors are expected to remain favored by long-term investors.

The offer for sale (OFS) opens for non-retail investors on July 7, 2026. Retail investors can bid on July 8, 2026.

Swedish firm EQT Partners plans a $400 million IPO for its platform Straive. The India-focused company is expected to be valued at $2.5 billion. EQT will likely sell a 15-20% stake in the upcoming offering. A draft prospectus is anticipated to be filed with Sebi in September. Straive provides data analytics and AI solutions to global enterprises.

Neuberg Diagnostics plans an initial public offering in fiscal year 2028. The company aims to raise approximately ₹3,500-4,000 crore. A pre-IPO funding round will secure Rs 5000 crore for acquisitions. This expansion strategy targets pan-India growth and new diagnostic technologies. Neuberg expects to become the second-largest player in the diagnostics market.

And the interest-rate reckoning to come

U.S. stocks rose sharply, led by chipmakers like Broadcom on AI-driven optimism and a strong earnings outlook. Microsoft fell after announcing job cuts, while investors remained cautious about Fed policy. Markets are now focused on upcoming earnings and Fed minutes for direction amid elevated rate uncertainty.

U.S. stocks rose sharply, led by chipmakers like Broadcom on AI-driven optimism and a strong earnings outlook. Microsoft fell after announcing job cuts, while investors remained cautious about Fed policy. Markets are now focused on upcoming earnings and Fed minutes for direction amid elevated rate uncertainty.

Also in this newsletter, India opens doors to China

"Private banks utilise these write-offs and provisioning buffers to proactively clean up their balance sheets, while public sector banks generally rely more heavily on aggregate long-term or systemic recovery," said Kuntal Sur, partner and leader for risk consulting, financial services and treasury, at PwC India. "Unsecured retail loans in general have shown deteriorations leading to higher write-offs."

MCX has updated its norms to include BIS-certified bullion and more local refiners. This move aims to increase domestic gold and silver supplies significantly. It will particularly benefit silver, following recent import curbs and duty hikes. Approved refiners can now process recycled gold directly from the market. This creates a new ecosystem for monetizing household gold holdings.

Goyal will visit Spain, Belgium and Finland on July 14-15 with a delegation of business leaders as part of preparations for implementing the trade pact. He is also scheduled to meet EU Trade Commissioner Maros Sefcovic in Brussels. "We have already started marketing Indian goods and services so that we are future-ready to get the best out of the FTAs that we have finalised," Goyal said at an event organised by the Council for Leather Exports.

A review found that more than a quarter of UK consumers trust AI tools for financial guidance, prompting calls for the FCA to consider expanding its regulatory scope.

Global supply chain pressures eased in June, with the New York Fed index falling to 1.25 as Middle East disruptions showed signs of easing. Improved transit through the Strait of Hormuz and softer oil prices are expected to moderate inflation, though logistics bottlenecks and supplier delays continue to signal residual strain.

All government, private and municipal schools and colleges across Mumbai to remain closed on Monday, July 6 due to heavy rainfall forecast.

The White House, however, said Peter Ticktin overstates his relationship with Trump after reports of a draft executive order seeking emergency powers over US elections

Manipal Health Enterprises Ltd. had filed its draft papers with the Securities and Exchange Board of India (SEBI) on March 25; after reviewing the draft papers, Sebi gave its observations on July 3, the update showed

The changes are aimed at boosting the cash equities market and drawing investors away from the country’s far larger derivatives market, which has seen explosive growth but carries far larger risks for retail investors in particular

Market experts shared their insights on fundamentals and technical levels for key stocks, including ITC, LIC, BEL, Coal India, Uno Minda and Vedanta Power.

Share of alternative-fuel PVs crosses 40% for the first time

Oilseeds have seen the biggest shortfall, with acreage falling to 66.31 lakh hectares, significantly less than 109.27 lakh hectares the previous year and less than the typical size of 83.46 lakh hectares.