Banks add Rs 7 lakh crore deposits in last fortnight of Q1FY27

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KKR-backed Lighthouse to buy Gurugram-based Pathways School

Lighthouse Learning Group is acquiring Pathways School Gurgaon for approximately Rs 1,500 crore. This transaction marks a significant deal within India's school education sector. The school operates as a company, which may have influenced its valuation. Lighthouse Learning has recently acquired other educational institutions in the region. New owners might adjust costs and fees to sustain school operations.

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TCS Q1 revenue rises 2.7%, company adds over 9,000 to workforce

TCS reported June-quarter revenue of $7.6 billion, showing a modest year-on-year increase. The company added over nine thousand employees, marking significant workforce expansion. Consolidated net profit saw a sequential decline after a one-time legal charge. Operating margins decreased due to annual wage hikes, with a goal to return to twenty-five percent. TCS expects AI to evolve jobs rather than eliminate them, creating new roles.

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Trump's threat makes Dalal Street nervous, Sensex falls 1,700 points

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Clean energy share in power mix breached 50% mark on July 6

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Govt urges USTR to review its move to levy new tariffs

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US revokes Iran oil waiver amid attacks on British tankers in Strait of Hormuz

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Getty Images calls off Shutterstock merger after UK regulator's divestment demand

Getty Image has ended its planned $3.7 billion merger with Shutterstock. The UK competition regulator required Shutterstock to sell its editorial business. Getty's board decided this condition was not in the company's best interests. The companies had unveiled the deal in January 2025 to build a visual content powerhouse. Both firms now face increasing pressure from AI image generators.

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CNG, EV make up record 40% car sales in June

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Railway minister Vaishnaw launches new train services: Check routes, extensions and details

Railway Minister Ashwini Vaishnaw launched new train services and route extensions. These improvements enhance rail connectivity across Maharashtra, Uttar Pradesh, and Uttarakhand. New services connect Nanded to Mumbai and Tanakpur to Nanded. Existing routes were extended, and special services were regularized for passengers. Railways also announced special trains for Onam and Rath Yatra festivals.

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FMCG Q1 demand stable; companies flag El Nino risk

Household goods demand held steady in Q1 despite price hikes, as companies navigated inflation. However, concerns linger over El Nino's potential impact on monsoon rains and rural consumption. While price increases helped offset rising costs, the sector faces a potential challenge from weather volatility affecting agricultural output and demand. Firms are closely monitoring these developments.

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Pakistan's public money a privilege? World Bank report reveals stark fiscal faultlines

Pakistan's fiscal decentralisation efforts have failed to bridge regional spending gaps, with provincial capitals like Quetta and Lahore receiving significantly more per person than their own provinces. Despite budget surpluses in some areas, poorer regions face underinvestment. Concerns also arise over education and healthcare spending not yielding desired results, alongside widespread financial irregularities uncovered by auditors.

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Market recap: Top-10 firms add Rs 1 lakh crore in market capitalisation; Airtel, Bajaj Finance lead gains

Dalal Street concluded the past week on a high note, with top companies collectively adding over Rs 1 lakh crore to their market cap. Bharti Airtel and Bajaj Finance led the gains, buoyed by strong domestic economic data and positive global sentiment. While most of the top 10 firms saw their valuations climb, Larsen & Toubro and Reliance Industries experienced notable dips.

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India's passport ranking slips, remains outside top 100: Which nations are in top 10?

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Ex-CFO of RCap, Amit Bapna, held in connection with ADAG probe

The Central Bureau of Investigation (CBI) has apprehended Amit Bapna, former CFO of Reliance Capital Ltd, as part of its probe into Reliance ADA Group matters. Authorities allege Bapna, a key financial decision-maker, approved loans to intermediary firms despite knowing it violated RBI guidelines. Funds were reportedly diverted to various Reliance group entities, causing losses to banks and gains for the accused.

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Factory floor emerges as new cyber battleground

Recent cyberattacks on Bajaj Auto and Tata Electronics have underscored the escalating cyber risks for India's manufacturing sector. As factories embrace automation and AI, their increased connectivity creates larger vulnerabilities. Experts warn that these breaches, which can halt production and compromise sensitive data, threaten intellectual property crucial for India's 'China-plus-one' strategy. Strengthening cybersecurity measures is now paramount for business continuity and trust.

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Loan growth speeds up in Q1, deposits still lag

Indian banks witnessed robust credit growth in the June 2026 quarter, with some lenders seeing advances surge significantly. However, a widening gap emerged as deposits declined for select banks like Bank of Baroda, IDBI, and RBL. Public sector banks maintained a steadier credit-deposit growth, while private lenders adjusted liabilities. Factors like a new credit guarantee scheme and supply chain issues fueled loan demand.

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Recruiters deploy AI to catch ghost coders

Campus hiring faces a new wave of sophisticated cheating, fueled by GenAI. Recruiters are battling hidden devices, AI tools, proxy candidates, and ghost coders. To counter this, companies are increasingly deploying AI-powered proctoring and shifting away from browser-based tests. Experts highlight that live follow-up interviews are proving effective in exposing candidates who relied on AI assistance.

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WC assists top-end as smart TVs shrink

Despite a dip in India's smart TV market, the FIFA World Cup is driving a surge in premium television sales, especially for larger screens. Brands report significant demand for TVs 55 inches and above, with QLED and MiniLED technologies gaining traction. While macroeconomic pressures affect entry-level purchases, major sporting events are prompting consumers to upgrade to bigger, better-equipped models, particularly in football-centric regions.

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GST rate reset led to consumption boost

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45% of homes will need electrical upgrades to charge EVs: Study

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Invisible surplus widens in Q4FY26 to $90,513mn as remittances jump 30%

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Centre tweaks windfall tax, raises petrol export duty

At the same time, the export duty on diesel has been cut to Rs 8.5 per litre from Rs 14 per litre, while the levy on ATF exports has been reduced to Rs 7.5 per litre from the current Rs 12.5 per litre. The ministry said the revised duties will remain effective for the fortnight beginning July 1.

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Manufacturing powers industrial output growth of 5.1%

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In clean-up drive, ex-CEC Rajiv Kumar named HDFC chairman

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Payment delay puts working capital stress on MSMEs

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Monsoon uncertainty weighs on gains from lower oil prices

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SEZ reforms: Commerce ministry calls stakeholders' meet on June 30 to discuss policy overhaul

The Commerce Ministry is convening a stakeholder meeting on June 30 to discuss crucial reforms for Special Economic Zones (SEZs). The focus will be on harmonizing export promotion schemes and simplifying business operations within these enclaves. Discussions will cover issues like domestic payments, job work, and import substitution, aiming to modernize the SEZ policy in line with evolving global trade dynamics.

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90% of India's planned renewable projects face climate risk. Here's how to build them safer

A Zurich Group report reveals that most of India's planned renewable energy projects face significant climate risks by 2030. Ninety percent of these sites are at high or critical risk from hazards like floods and wildfires. However, with many projects still in development, incorporating resilience measures now, costing around 2% of CAPEX, could slash severe loss exposure by 75%, ensuring sustainable energy infrastructure.

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From inflation to mortgage rates: What moved US economy's report card this week

US economic growth surprised on the upside, while job losses remained low. However, persistent inflation, fueled by rising fuel and electronics costs, is squeezing consumers. Despite a slowdown in spending, businesses are investing heavily in AI, leading to price hikes on tech products like Apple's Macs and iPads. Mortgage rates also saw a slight increase, adding to financial pressures.

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Hormuz got busy after months, now it's facing another roadblock

Ship traffic through the Strait of Hormuz surged briefly following US sanctions relief and a humanitarian evacuation effort. However, a fresh attack in the Gulf of Oman halted the operation, causing traffic to plummet. Iran's warning about safe passage routes further heightened concerns, leaving major global carriers hesitant to return to the volatile waterway.

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US judge: No quick dismissal of Adani case

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HDFC review finds no evidence backing ex-chairman’s charges

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Humble Re 1 retains coining glory despite rise of digital payments

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Bigger play for corporates in debt & money markets

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'Excited about growth of quick commerce here'

Increasingly Investing Substantial Amounts In AWS, Cloud & AI Biz: Amazon CEO Jassy

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SK Hynix overtakes Samsung: How a 14-year AI chip bet made it South Korea's most valuable listed company

A bold gamble on high-bandwidth memory (HBM) chips has propelled SK Hynix to the forefront of the AI revolution, briefly making it South Korea's most valuable company. This strategic pivot, once met with skepticism, proved crucial as demand for AI servers surged, allowing SK Hynix to outpace rivals like Samsung Electronics and reshape the global semiconductor landscape.

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Crude slips toward $70 as tankers return to Hormuz after US-Iran reach peace deal

Crude oil prices have plummeted towards pre-war levels as tanker traffic through the Strait of Hormuz resumes, alleviating supply worries. Following a surge past $126, oil is now hovering around $70. Improved shipping and potential Iranian exports have eased fears of disruptions, leading to a significant price drop. Traders are now anticipating a surplus as physical crude trades at discounts.

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Crude below $75/barrel but will take time to return to pre-war levels

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'Wrong turn': Air India plane comes in front of IndiGo flight on same taxiway at Ahmedabad airport

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Airlines turn to AI to save fuel; IndiGo to start trials for thriftier take-offs from today

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Sensex slides 900 points as global tech sell-off weighs

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Square Yards turns unicorn with 900 crore fundraise

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Employers told to analyse mismatches in salary filings

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After initial rush, semaglutide therapy market saddled with 100cr excess stock

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India-EU FTA to open nearly entire European market for Indian exports by 2027: Goyal

India and the European Union are poised to sign their landmark free trade agreement by December, with implementation expected by early 2027. This pact promises Indian exporters near-zero duty access to the vast European market, opening up significant opportunities. Discussions are also progressing on trade deals with the US and Canada, highlighting India's growing global economic influence.

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Top-10 firms gain Rs 2.15 lakh crore in a week; Airtel emerges biggest winner

Indian equity markets witnessed a significant surge last week, adding Rs 2.15 lakh crore to the valuation of nine out of the top 10 most valuable companies. Bharti Airtel emerged as the top gainer, followed by LIC and Bajaj Finance. This rally was fueled by improved global risk appetite and easing geopolitical concerns, boosting investor sentiment across the board.

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Exports up 15% so far in June quarter despite global headwinds, says Piyush Goyal

India's merchandise exports have demonstrated remarkable resilience, surging approximately 15% from April 1 to June 14, despite global economic headwinds and increased US tariffs. Minister Piyush Goyal highlighted this robust growth, even as international trade faces significant challenges. This positive trend follows a strong May performance, underscoring India's continued strength in outbound shipments. Goyal also urged chartered accountants to contribute to India's developed nation goal, emphasizing local cleanliness efforts.

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Petrol, diesel rates may ease as cheaper crude arrives, says oil minister Puri

Petrol and diesel prices may soon see a dip as India receives cheaper crude oil, Union Minister Hardeep Singh Puri indicated. He defended domestic fuel pricing, stating increases have been minimal globally despite market volatility. The government has absorbed significant costs through excise duty cuts, shielding consumers from the full impact of rising international rates. Puri also highlighted Sonbhadra's development progress.

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Sebi allows easier transfer of shares of dead investors

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