Business

Industry experts said Apple's strong ecosystem, pricing power and loyal customer base are expected to help it outperform the smartphone industry despite rising component costs. The company reported record June-quarter revenue, while analysts forecast continued value growth in India

Benchmark indices Sensex and Nifty traded higher in early deals on Friday, supported by a strong rally in Bajaj Finance, foreign fund inflows and lower crude oil prices. However, profit-taking in IT stocks limited the overall gains in the market

The rupee rose 20 paise to 95.30 against the US dollar in early Friday trade, supported by foreign capital inflows and lower crude oil prices. A stronger dollar limited gains, while domestic equities opened higher and foreign investors remained net buyers

Cockroach Janta Party must broaden its mission beyond examination integrity to address education and employment challenges

Supreme Court’s suggestion to define digital arrest in criminal law and make it a standalone offence with stricter punishments merits serious consideration

Mahindra & Mahindra Ltd reported a 34 pc year-on-year rise in Profit After Tax to Rs 5,455 crore for the June quarter, driven by strong performance in its Auto and Farm segments. Revenue surged 28 pc to Rs 58,188 crore, with SUV and tractor sales boosting market share despite commodity inflation.

A bipartisan group of US lawmakers urged Apple to stop sourcing memory chips from Chinese firms CXMT and YMTC, citing national security concerns. Senators warned the move could increase dependence on China-linked suppliers and asked Apple to provide commitments by August 21

India's gold demand declined 6% year-on-year to 131.4 tonnes in Q2 2026 due to higher prices, customs duty increase and reduced purchases. Despite lower volumes, gold demand value hit a record level as consumers continued investing, with festive demand expected to support future consumption

FSSAI has recalled a batch of Wonderland Raisins manufactured by Sun Organic Industries after tests found pesticide residues above permissible limits. The regulator ordered an immediate recall, periodic compliance reports and corrective measures under the Food Safety and Standards Act, 2006

Domestic equity benchmarks opened flat on Thursday as gains in IT and pharma stocks were offset by weakness in banking and realty. Sensex slipped 15 points to 77,638, while Nifty edged down less than a point to 24,249.

The Income Tax Department said over 5 crore ITRs have been filed for AY 2026-27 and urged taxpayers to file ITR-1 or ITR-2 before the July 31 deadline. It advised early filing after reconciling documents to avoid portal congestion and technical issues

The Bangalore Hotels Association (BHA) has warned that hotels in Bengaluru will suspend business with Swiggy from August 15 if the food delivery platform fails to address issues of payment transparency, unauthorised deductions, and advertising charges.

High logistics costs, reliance on cash on delivery, low order values, and weak unit economics continue to weigh on the sector

Adani Enterprises reported its highest-ever quarterly EBITDA of Rs 5,642 crore in Q1 FY27, registering 49 per cent year-on-year growth. The company highlighted strong performance across airports, copper, solar modules and infrastructure platforms, along with new milestones in its expansion journey

The rupee strengthened for the fourth consecutive session, gaining 16 paise against the US dollar to close at 95.66. Positive domestic equity markets, foreign fund inflows and a weaker dollar supported the currency, while crude prices and global developments remained key factors

The Sensex and Nifty rebounded more than 1 per cent on Wednesday, driven by gains in IT stocks, HDFC Bank and foreign fund inflows. Strong corporate earnings and positive domestic fundamentals lifted investor sentiment despite weak global cues and higher crude oil prices

Finance Minister Nirmala Sitharaman received dividend cheques from LIC, Union Bank of India and New India Assurance for FY 2025-26. The Finance Ministry also highlighted the strong financial performance of public sector banks, including record profits, improved asset quality and historically low NPAs

India’s water crisis is also a gender and labour crisis. The unpaid burden of fetching water costs women time, education, income, and opportunity—and demands policy recognition 

Net FDI in India declined to USD 6.95 billion in FY26 from USD 27.99 billion in FY23 due to higher repatriation by foreign investors and increased ODI outflows, the government told Rajya Sabha. Gross FDI, however, reached a record USD 94.84 billion

Samsung will introduce India-specific AI features, including an AI-powered bill payment reminder, in its next Galaxy smartphone. Developed by its Noida and Bengaluru R&D centres, the initiative aims to deliver personalised AI solutions while strengthening India's role in Samsung's global innovation ecosystem

Tata Group-owned Air India and its subsidiary Air India Express reported a combined net loss of Rs 22,238 crore in FY26, more than double the previous year’s loss, as revenues fell nearly 9% to Rs 71,870 crore. Air India Chairman N. Chandrasekaran told shareholders the airline’s turnaround is a long-term process, likely spanning 5–10 years.

A total of 576 individuals reported gross incomes of Rs 100 crore or more in Assessment Year 2025-26, up four-fold from five years ago. The government also highlighted declining unemployment and measures aimed at reducing income inequality and promoting inclusive economic growth

The rupee appreciated 61 paise to close at 95.92 against the US dollar, supported by a sharp fall in crude oil prices, easing geopolitical tensions, a stronger domestic equity market and weakness in the US dollar, according to forex traders

Crude oil futures on the MCX fell nearly 8 per cent as easing geopolitical tensions between the US and Iran triggered a sharp decline in global oil prices. Analysts, however, warned that risks to oil supplies remain due to continued regional security concerns