Business

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

Indian benchmark indices ended higher after snapping a five-session losing streak, supported by falling crude oil prices and easing geopolitical tensions. Improved global sentiment, a stronger rupee and gains in IT stocks helped lift investor confidence, pushing the Nifty close to the 24,000 mark

The Income Tax Department said more than 4 crore income tax returns have been filed for AY 2026-27 and urged eligible taxpayers to complete the process before the July 31 deadline to avoid last-minute rush and ensure smooth processing of returns

PL Wealth retained its overweight stance on Indian equities, citing strong long-term fundamentals despite risks from inflation, crude oil prices, the rupee and foreign outflows. The report recommends phased investments in quality stocks while favouring infrastructure, financials and manufacturing themes

realme’s P Series achieved major milestones on Flipkart, becoming the fastest-growing smartphone lineup in H1 2026 and gaining strong market share. The brand maintained double-digit growth despite industry decline and announced increased investments ahead of the festive season to boost consumer engagement

The rupee appreciated 28 paise against the US dollar in early Monday trade, supported by declining crude oil prices, easing geopolitical tensions in West Asia, a weaker dollar index and strong domestic equities, even as foreign institutional investors remained net sellers.

Indian benchmark indices opened higher as falling crude oil prices boosted investor sentiment. Sensex climbed over 549 points and Nifty gained 160 points, with all sectoral indices advancing. IT, financial services and FMCG stocks led gains amid easing global oil prices

The Centre's Corporate Mitra Scheme aims to support MSMEs with affordable compliance, taxation, accounting and governance services while training young graduates as para-professionals. IICA Shillong conducted an awareness webinar to promote the initiative, particularly across the North Eastern Region

Development should not only be measured by highways, hospitals and digital platforms, but also by how effortlessly people access them

Benchmark equity indices are expected to remain under pressure this week as rising crude oil prices, geopolitical tensions and mixed corporate earnings weigh on investor sentiment. Analysts see immediate resistance for the Sensex at 76,300 and crucial support for the Nifty near 23,600