India's EV retail sales hit record high in July 2026, up 66% YoY
India's EV retail sales hit a record 3,27,901 units in July 2026, up 66% YoY, with two-wheelers crossing 2 lakh units.
Business
Indonesia, Singapore buck weak Asian trend as investors rotate from AI
Indonesian and Singaporean equities outperform Asian peers as investors rotate from crowded AI trades into cheaper markets.
L&T Wins Major Offshore EPCIC Contracts from ONGC for West Coast Projects
L&T's offshore arm has secured major EPCIC orders from ONGC for subsea pipeline replacement and well head platform projects.
NSE data: India's median investor age falls to 33, under-30s now 37.9% of base
India's median investor age dropped to 33 by June 2026, with under-30s making up 37.9% of the base, per NSE data.
Hispasat to lead key ground segment for EU's €15.6 billion IRIS2 network
Hispasat named prime contractor for ground systems and LEO services in the EU's €15.6 billion IRIS2 secure satellite network.
FSSAI holds firm on energy drink label ban, industry seeks reprieve
India's food regulator will not extend the 90-day deadline for removing 'energy drink' labels, despite industry pleas and concerns over millions of cans in stock.
China's Gold Reserves Post Sharpest Monthly Jump Since Late 2023
China's central bank boosted gold reserves by 640,000 ounces in July, the largest monthly increase since October 2023.
Weak Monsoon and Rupee Slump Strain Agrochemical Sector, Exports Offer Respite
Deficient monsoon rains and a weaker rupee are pressuring India's agrochemical sector, but exports and a nascent demand recovery since July are providing some relief.
Tax Amendment Bill to Benefit REITs, InvITs; SPV Shift to New Regime Seen as Gradual
The 2026 tax amendment benefits REITs and InvITs with tax-free SPV dividends, but infrastructure firms are expected to shift to the new regime gradually.
Indonesia's rubber farmers pivot to palm oil as output slides
Indonesian rubber farmers are switching to palm oil, cutting output and tightening global supply. Tyre makers are adjusting sourcing.
Posco Holdings to Sell $1.4 Billion Stake in Affiliate for Strategic Funds
Posco Holdings will divest 2 trillion won ($1.41 billion) in Posco International shares, using a price return swap to fund strategic investments.
Hungary's July inflation drops to 1.2%, a decade low
Hungary's annual inflation fell to 1.2% in July, its lowest in nearly a decade, supporting expectations of more central bank rate cuts.
Global stocks steady, oil climbs as markets await US jobs data
Global stocks head for best week since May; oil rises on Gulf tensions; US payrolls data could decide Fed's next move.
Rheinmetall Sees ATACMS Revenue From 2028, Boxer Deal Imminent
Rheinmetall forecasts 2028 revenue from ATACMS production with Lockheed Martin and expects a €25 billion Boxer vehicle deal with Germany by year-end.
KKR-backed LEAP India sets Gulf target of 3 million pallets
LEAP India plans to deploy at least 3 million pallets in Gulf countries within 4-5 years, expanding beyond its dominant Indian market.
VW's controlling families push for swift restructuring action
Volkswagen's controlling families back CEO Blume's restructuring plan, warning delays will worsen problems amid cost and competition pressures.
SBI Q1 Net Profit Jumps to ₹21,121 Crore, Beating Street Estimates
SBI's Q1 net profit surged to ₹21,121 crore, surpassing analyst forecasts, aided by lower provisions and better NPA ratios.
Indian Markets Slip as Oil Prices and Middle East Tensions Weigh
Indian shares fell on Thursday as rising oil prices and Middle East concerns pressured financials, while the rupee stayed flat on likely central bank intervention.
European shares edge up on healthcare, but oil and Middle East risks weigh
European stocks rose modestly, led by healthcare, as oil price gains and Middle East tensions tempered broader risk appetite.
Kingspan sets €1.3 billion trading profit goal for 2027, eyes Advnsys expansion
Kingspan targets €1.3bn trading profit by 2027 via organic growth, with Advnsys order book at one year.