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Business Tim Cook: India Among Apple's Best Global Markets as June Quarter Records Revenue
Apple posted a record June quarter in India, with Tim Cook identifying the country among its best-performing global markets. Mac revenue reached $10.4 billion, up 29% year-on-year, and Counterpoint Research forecasts double-digit value growth for Apple in India in calendar 2026.
Business Domestic funds reach record 21% stake in Indian companies as FPI ownership drops to 17%
Domestic institutional investors have raised their ownership of Nifty 500 companies to an all-time high of 21%, while FPI ownership declined to 17% — down from 21.5% a decade ago. According to Motilal Oswal Financial Services, domestic funds infused nearly $166 billion over 22 months, offsetting $58 billion of FPI outflows. The report called the ownership shift structural, with DII holdings rising for nine consecutive quarters.
Business Nasdaq rises as Amazon's 13.7% rally lifts tech stocks; Apple drops 9.8%
The Nasdaq Composite gained 0.34% on July 31, 2026, as Amazon shares rallied 13.7% after the company reported its strongest quarterly revenue growth in more than four years. Apple dropped 9.8% on supply-constraint warnings. Traders raised the probability of the Federal Reserve holding rates in September to 35%.
Former DOGE Staffers Take Senior Roles at Prediction Market Firms Polymarket and Novig
Prediction market giants Polymarket and Novig have hired former Department of Government Efficiency (DOGE) affiliates Jonathan Mendelson and Elie Mishory, respectively. Mendelson joined Polymarket as a senior strategic executive, while Mishory became chief regulatory and legal affairs officer at Novig. The hires come amid intense regulatory scrutiny of prediction markets.
Business Prestige Estates Q1 Profit Declines 19% to ₹236 Crore, Revenue Rises
Prestige Estates Projects Ltd reported a 19% decline in consolidated net profit to ₹235.9 crore for Q1 FY2026-27, while total income rose to ₹2,835.6 crore. The company also announced a strategic partnership for a residential project in Thane with expected revenue of ₹6,000 crore.
Business Sensex, Nifty Trade Flat After Rebound; Rupee Gains on Foreign Inflows, Asian Markets Mixed
Indian equity benchmarks traded flat on Thursday after a strong rebound the previous session, while the rupee strengthened 13 paise to 95.63 against the US dollar on foreign capital inflows. Asian markets were mixed, with gains in Taiwan, South Korea and Japan offset by losses in Hong Kong and China. Microsoft reported a 31% jump in net profit, driven by cloud and AI growth.
Logistics AI Data Centers Create 'Capacity Tax' Driving Up Flatbed Freight Rates for Shippers
AI data center construction is absorbing flatbed capacity, driving up rates for traditional bulk shippers in a soft market. IntelliTrans' Blake Azell explains the 'capacity tax' and offers four steps for shippers to navigate the structural shift.
Business Meta shares fall 11% as investor frustration grows over $130bn AI spending plans
Meta shares fell 11% on Wednesday after Q2 results revealed a 14% profit drop despite 28% revenue growth. Investors balked at CEO Mark Zuckerberg's plan to spend $130bn-$145bn this year, mostly on AI. The company also announced plans to sell AI models to other businesses.
Business Wall Street declines as Federal Reserve policy review looms; oil prices surge on Iran hostilities
US stocks traded lower on Wednesday as the Federal Reserve's two-day policy meeting concluded, with markets pricing a 36% probability of a rate hike. Oil prices surged 5.6% to $86.64 a barrel after Iran launched a missile attack on US forces, heightening supply concerns.
Business Indian IT stocks rally as global AI stocks plunge: TCS, Infosys, Wipro lead gains
Indian IT stocks rallied strongly on Wednesday, with TCS, Infosys, Wipro, HCLTech, and Coforge gaining up to 5%, even as global semiconductor and AI stocks tumbled. The rally comes amid growing skepticism about AI spending returns, a shift in investor sentiment from AI to value plays, and positive FPI inflows into Indian equities, according to reports.
Commodities Oil prices surge nearly 4% on West Asia tensions and lower US crude inventories
Oil prices surged nearly 4% on Wednesday after joint US-Saudi strikes in Iraq and interception of Iranian missiles, while US crude inventories fell by 3.3 million barrels. Brent rose to $87.39 and WTI to $82.31, with OPEC+ reportedly set to halt output increases. The geopolitical escalation dampens expectations for de-escalation in the Persian Gulf.
Business US stock market flat as S&P 500 and Dow barely move, Nasdaq slides over 1% on chip rout
Wall Street traded mixed on Tuesday with the S&P 500 flat and Dow Jones gaining 385 points, while the Nasdaq Composite slipped over 1% dragged by a selloff in semiconductor stocks. Micron fell 8.4%, AMD 7.7%, and Nvidia 1.1% on renewed concerns over AI-driven demand sustainability and rising Chinese competition. Broader market sentiment was supported by strong earnings from Coca-Cola, Sherwin-Williams, and Illinois Tool Works.
Business Paradeep Phosphates Q1 net profit rises 24% to ₹393 crore on 36% revenue growth
Paradeep Phosphates Ltd reported a 24% year-on-year rise in Q1FY27 net profit to ₹393 crore, driven by a 36% revenue increase to ₹6,124 crore. The board also approved a ₹250-crore investment for an aluminium fluoride plant as part of its diversification into industrial chemicals.
Business South Korea's KOSPI Crashes 10.8%: Circuit Breaker Triggered as Semiconductor Rout Deepens
South Korea's KOSPI plunged 10.84% on Tuesday, its worst session in five months, driven by a rout in semiconductor stocks SK Hynix and Samsung Electronics. A circuit breaker was triggered for the eighth time this year. Foreign investors net sold 5 trillion won ($3.42 billion), while concerns over Chinese chipmaker CXMT's blockbuster IPO added to selling pressure.
Business Nifty IT Surges Nearly 4% as Tech Stocks Lead Market Rally Amid Global Selloff
The Nifty IT index surged 3.75% as heavyweight tech stocks rallied, while Indian benchmark indices opened marginally lower ahead of the US Federal Reserve decision. In contrast, South Korea's Kospi tumbled more than 9% and Japan's Nikkei fell over 4%, driven by a global semiconductor selloff amid AI boom sustainability concerns.
Business Stock market today: BSE Sensex rallies over 750 points, Nifty50 ends shy of 24,000 - top reasons for rise
Indian equity markets rallied strongly on July 27, 2026, with BSE Sensex closing up 776 points (1.02%) at 76,835.78 and Nifty50 ending at 23,995.95, up 228 points (0.96%), snapping a five-day losing streak. The rally was driven by easing Iran-US tensions, a sharp decline in crude oil prices, value buying after last week's correction, and falling US Treasury yields.
Business BSE Sensex Surges Over 800 Points, Nifty50 Tops 24,000 as Oil Drop and Geopolitical Easing Boost Sentiment
Indian benchmark indices BSE Sensex and Nifty50 surged on July 27, 2026, with the Sensex gaining over 800 points to 76,859 and the Nifty crossing 24,000. The rally was fueled by a sharp decline in crude oil prices and easing geopolitical tensions between the US and Iran. Meanwhile, Mangalam Worldwide Ltd reported an 18.7% rise in quarterly profit.
Business Federal Bank and TVS Motor Recommended as Top Stock Picks for July 27, 2026 Week: Motilal Oswal
Motilal Oswal Wealth Management Research Desk has recommended Federal Bank and TVS Motors as top stock picks for the week of July 27, 2026, citing strong earnings and growth prospects. Federal Bank reported a 37% YoY PAT increase to INR 11.8 billion, while TVS Motors posted a 32% YoY PAT of INR 10.2 billion. The broader market ended the previous week in the red, with BSE Sensex declining 2.67% over five sessions.
Business July FPI Inflows Hit Rs 42,000 Crore, Topping February Record as Equity Buying Resumes
Foreign portfolio investors (FPIs) recorded total inflows of nearly Rs 41,796 crore in July, the strongest month in 2026, breaking a four-month equity selling streak. Equity inflows of $1.6 billion were aided by participation in the SBI Funds IPO, while debt markets attracted $9.5 billion year-to-date. Despite the recovery, year-to-date total FPI flows remain negative at $18.4 billion.
Commodities Gold and Silver Await Fed Decision Amid Geopolitical Tensions and Crude Oil Volatility
Gold and silver ended last week on a stronger note, with Comex gold rising 1.3% and silver nearly 5%. This week, the Federal Reserve's interest rate decision, US-Iran tensions, and crude oil price movements will drive bullion. Analysts note range-bound trading amid geopolitical uncertainty and continued official-sector buying.
Business Top-10 Firms Shed Rs 2.74 Lakh Crore in Market Value; HDFC Bank Takes Biggest Hit
A weak week on Dalal Street erased Rs 2.74 lakh crore from the combined market capitalisation of nine of India's 10 most-valued firms. HDFC Bank recorded the sharpest fall of Rs 1,18,383.91 crore, while Hindustan Unilever was the only gainer. The BSE Sensex dropped 2.67% and the Nifty fell 2.32% amid rising crude oil prices and geopolitical tensions.
Business Sensex Plunges 916 Points Intraday, Nifty Closes Below 23,800: Five Key Triggers Behind Market Crash
Indian equity markets extended their losing streak to a fifth consecutive session on Friday, July 24, with the BSE Sensex plunging as much as 916.96 points intraday before closing 331.62 points lower at 76,059.77 and the Nifty settling at 23,767.45. The sell-off was driven by escalating Middle East tensions pushing crude oil above $100 per barrel, renewed US trade tariffs, relentless FII outflows, weakness across Asian markets, and selling in heavyweight stocks like Infosys and HDFC Bank.
Business ITC Now Second Largest FMCG Company by Revenue, Aims for Top Spot
ITC's non-tobacco FMCG business crossed Rs 24,000 crore in revenue, making it the second-largest FMCG company in India by revenue after Hindustan Unilever, surpassing Nestle and Britannia. Chairperson Sanjiv Puri announced the milestone at the annual general meeting, saying the company aspires to become India's number one FMCG player.
Business Milky Mist to Launch ₹1,553 Crore IPO in Early August, India's Largest Dairy Issue
Milky Mist Dairy Food Ltd, a value-added dairy company, is expected to launch its ₹1,553 crore IPO by mid-August, following a ₹482 crore pre-IPO placement led by Temasek. The issue is the largest by an Indian dairy firm. Proceeds will be used for debt repayment and capacity expansion.
Business Tesla’s $28.24B Quarter Fueled by Record Deliveries and Semi Production Ramp
Tesla posted Q2 2026 revenue of $28.24 billion, up 26% year over year, driven by record vehicle deliveries and the start of Tesla Semi production. Capital expenditures more than doubled to $5.8 billion as the company invests heavily in manufacturing expansion, including the Semi program and battery production.
Commodities Oil Prices Hit $100 for First Time Since May as Middle East Conflict Escalates
Oil prices hit $100 a barrel for the first time since May as the escalating conflict in the Middle East reignited fears over global energy supplies, according to BBC. Brent crude rose more than 5% on Thursday after several days of increases, with the US stepping up military strikes against Iran. Houthi militia attacks on oil tankers in the Red Sea and a failed ceasefire between the US and Iran have further tightened supply concerns.
Commodities Copper Market Faces Volatility on West Asia Developments, US-Iran Tensions
Copper prices are expected to remain volatile in the coming months due to the US-Iran conflict and ongoing tariff uncertainty, according to analysts. The metal hit a 6-week high on supply tightness, with LME three-month contracts around $13,800/tonne. BMI raised its forecast to $12,700/tonne, citing supply-side pressures and AI-fuelled optimism.
Business Asian Stocks Rally: Kospi Surges 6%, Nikkei Jumps Over 1,100 Points on Tech Rebound
Asian equities opened higher on Wednesday, tracking Wall Street gains, with South Korea's Kospi surging 4.78% and Japan's Nikkei climbing 1.3%. The rally was driven by a rebound in technology stocks after data showed Korean semiconductor exports nearly tripled in early July and Taiwanese export orders exceeded estimates. Oil prices rose amid geopolitical tensions, while the dollar held near one-week highs.
Business BSE Sensex Plunges Over 600 Points, Nifty50 Slips Below 24,050 as Pharma Stocks Tumble on Trump Tariff Plan
Indian equity markets opened sharply lower on Wednesday, with the BSE Sensex dropping 611.02 points to 76,859.09 and the Nifty50 slipping below 24,050. The decline was driven by a slump in pharmaceutical stocks following US President Donald Trump's announcement of a phased tariff plan on imported generic medicines, elevated crude oil prices, and selling in banking stocks. The Nifty Pharma index fell nearly 2%, with major pharma stocks declining 2–2.5%.
Business Hatsun Agro Product Q1FY27 PAT flat at ₹133 crore on higher material costs despite 19% revenue growth
Hatsun Agro Product (HAP) reported a 1.5% decline in PAT to ₹133 crore for Q1FY27, impacted by a 37% rise in material costs, despite revenue growing 19% to ₹3,093 crore. Chairman RG Chandramogan highlighted strong brand equity and an expanded network of 42,000+ retail outlets across 22 manufacturing facilities in six states.
Commodities Crude Oil Futures Slide on Ceasefire Hopes Between US and Iran Amid Houthi Blockade Threat
Crude oil futures declined on Tuesday amid reports of a potential 10-day ceasefire between the US and Iran. September Brent fell 0.77% to $88.53, while WTI dropped 0.38% to $82.17. Meanwhile, Houthis in Yemen announced a naval blockade on Saudi Arabia, threatening oil flows through the Bab el-Mandeb Strait, and US forces conducted additional strikes against Iranian targets.
Business Indian Stocks and Rupee Slide as Oil Spike Fuels Market Pressure
Indian markets closed lower on Monday with the Sensex falling 443 points and the Nifty declining 96 points amid volatile crude prices and geopolitical risks. The rupee weakened to 96.45 against the dollar, while banking stocks led the decline.
Business Sensex Falls 443 Points, Nifty Slips 96 as Markets End Lower; Midcap, Smallcap Gain
Indian benchmark equity indices declined on the trading day, with the Sensex falling 443 points and the Nifty losing 96 points. However, broader market indices—Midcap 100 and Smallcap 100—posted gains. The rupee weakened against the US dollar, while crude oil prices showed mixed movement and precious metals edged higher.
Business Sobha Q1 Net Profit Surges Nearly 250% to ₹51 Crore on Strong New Launches
Sobha Limited posted a 274% jump in Q1 FY27 net profit to ₹51 crore, with revenue rising 48% to ₹1,330 crore. The company achieved its highest-ever quarterly sales of ₹3,656 crore, driven by new project launches in Bangalore and Gurgaon.
Business Aurum Proptech Q1 Net Profit Surges to ₹45 Crore on Sale of Navi Mumbai Buildings
Aurum PropTech Ltd reported a consolidated net profit of ₹45.18 crore for the June quarter, reversing a year-ago loss, mainly due to gains from the sale of two commercial buildings in Navi Mumbai. Total income rose to ₹119.01 crore, and the company announced the acquisition of Housing.com for ₹458 crore.
Business Oberoi Realty Q1 Profit Surges 29% to ₹544.71 Crore on Strong Revenue Growth
Oberoi Realty posted a 29.3% year-on-year increase in consolidated net profit for the first quarter of FY27 to ₹544.71 crore, driven by 26.7% revenue growth. EBITDA rose 31% to ₹794.94 crore, with chairman Vikas Oberoi citing steady performance across residential, commercial, retail, and hospitality segments.
Business Top Stocks to Buy: Saatvik Green Energy and Unimech Aerospace Recommended for July 20 Week
Motilal Oswal Wealth Management Research Desk has selected Saatvik Green Energy (SGEL) and Unimech Aerospace as top stock picks for the week starting July 20, 2026. SGEL is a solar module manufacturer with planned expansion into integrated solar production, while Unimech Aerospace supplies tooling to major aerospace OEMs and is diversifying into precision components. Both stocks are expected to deliver strong revenue and profit growth over FY26–28E.
Business Top-5 Valued Firms Add Rs 1.54 Lakh Crore in Market Cap; TCS Emerges Biggest Gainer
Five of India's 10 most-valued companies added Rs 1.54 lakh crore to their market capitalisation last week. TCS was the biggest gainer, adding Rs 72,072 crore after reporting a 4.61% rise in June-quarter net profit. The rally was driven by encouraging IT sector earnings and renewed buying in financial stocks.
Business Kolte-Patil Developers Q1 Sales Flat at ₹617 Crore, Realisation Jumps 29%
Kolte-Patil Developers reported flat sales bookings of ₹617 crore in Q1FY27, unchanged from ₹616 crore a year ago. However, average sales realisation surged 29% to ₹9,442 per sq ft, driven by price revisions and a higher share of Mumbai projects. Collections increased 30% to ₹715 crore, indicating strong execution momentum.
Business Indian Benchmark Indices Post Modest Weekly Gains on Strong Buying Despite Global Headwinds
Indian benchmark equity indices registered modest weekly gains, with the Sensex rising 0.75% and the Nifty 50 gaining over half a percent, supported by strong buying following better-than-expected earnings from heavyweight companies. Broader market indices underperformed, with the Nifty Midcap 100 and Nifty Smallcap 100 declining. The Indian rupee depreciated 96 paise against the US dollar during the week.
Business Reliance Retail Q1 Results: Quick-Commerce Spends Drag PAT 14% YoY to Rs 2,806 Crore; Revenue Rises 7%
Reliance Retail reported a 14% YoY drop in PAT to Rs 2,806 crore for Q1 FY27, as investments in quick-commerce weighed on earnings. Revenue grew 7% (or 11.6% adjusted for the Consumer Brands demerger), while EBITDA margin contracted 80 bps to 7.9%. Digital commerce average daily orders surged 116% YoY, and the store network expanded to 20,169 stores. The company outlined a 3-year plan to double operating EBITDA through scale, unit economics, and omni-channel growth.
Business Reliance Industries Q1 Profit Falls 25% to Rs 23,196 Crore, Revenue Rises 25%
Reliance Industries reported a 25% decline in Q1 profit to Rs 23,196 crore, beating estimates, as revenue rose 25% to Rs 3.1 lakh crore. The drop was due to a one-off gain in the year-ago quarter from the sale of a stake in Asian Paints. EBITDA grew 10% to Rs 51,403 crore, led by strong performance in O2C and Jio.
Business Sensex Surges 965 Points on Q1 Earnings Optimism, Nifty Hits 24,330
Benchmark Indian equity indices surged on Friday, with the Sensex climbing 965 points and Nifty reaching 24,330, propelled by buying in blue-chip stocks including Reliance Industries, bank and IT shares. Tech Mahindra led gains after reporting a 28.4% rise in Q1 net profit to Rs 1,465 crore. The rupee strengthened 14 paise to 96.3 against the US dollar, while Brent crude rose 1.79% to $85.5 per barrel.
Business Front-Running Patterns in PMS Detected by Sebi's AI Tools, Says Regulator
Market regulator Sebi has deployed artificial intelligence tools that have generated actionable alerts uncovering front-running patterns in the portfolio management services (PMS) industry. Sebi executive director Manoj Kumar revealed the findings at the Apmi PMS Leadership Conclave, stating the regulator is analysing investor impact and adopting a handholding approach to compliance. Apmi chairman Biharilal Deora said the review would support industry growth.
Business Reliance Industries Q2 FY27 Results: Record EBITDA, Revenue Surges 25% Year-on-Year
Reliance Industries Ltd reported its highest-ever quarterly core profit and EBITDA for the June quarter, with consolidated revenue rising 25.4% year-on-year to Rs 3.12 lakh crore. Recurring EBITDA increased 10.1% to a record Rs 54,067 crore, despite geopolitical tensions and volatile commodity markets. The Oil-to-Chemicals and Jio Platforms businesses drove strong performance.
Business Apple Reclaims World's Most Valuable Company Title, Overtaking Nvidia After Chipmaker's Shares Drop
Apple Inc has regained the title of world's most valuable company, surpassing Nvidia after the chipmaker's shares declined 3.7% on Friday. Apple's market capitalization rose to approximately $4.9 trillion, while Nvidia's fell to about $4.8 trillion. The shift reflects investor rotation from AI beneficiaries to firms with long-term growth potential, supported by Apple's China AI approval and an HSBC upgrade.
Business Oberoi Realty Q1 Profit Rises 29% to ₹543.51 Crore, Total Income Up 27%
Oberoi Realty reported a 29% year-on-year increase in consolidated net profit to ₹543.51 crore for the June quarter, driven by higher total income which rose 27% to ₹1,361.69 crore. The Mumbai-based developer, one of India's leading real estate firms, disclosed the results in a regulatory filing on July 17, 2026.
Business Gold Prices in India Fall Across All Major Cities on July 17, 2026: Check Latest Rates in Mumbai, Delhi, Chennai, and More
Gold prices in India fell on July 17, 2026, with 22-carat gold dropping by ₹25 per gram and 24-carat by ₹26-31 across key cities. The decline was uniform across Mumbai, Chennai, Hyderabad, Delhi, Ahmedabad, Bengaluru, and Kolkata, with city-specific variations. Data courtesy bankbazaar.com and reported by The Hindu BusinessLine.
Commodities Gold and Silver Slide as Rising Yields and Oil Price Surge Weigh on Precious Metals
Gold and silver prices fell sharply, with spot gold dropping 2% to around $3,984/oz and silver 3.6% to $55.68/oz, as rising US Treasury yields and higher crude oil prices dampened investor appetite. MCX silver shows technical recovery potential toward Rs 227,000 with support at Rs 218,000. Geopolitical tensions in the Middle East threaten oil routes, fueling inflation concerns and weighing on precious metals.
Business Wipro Q1 Revenue Falls 1.4% to $2.6 Billion, Trails Peers Amid AI-Led Spending Shift
Wipro's June-quarter revenue declined 1.4% sequentially to $2.6 billion, missing the performance of larger peers TCS and HCLTech. Operating margin fell 130 basis points to 16% due to wage hikes and AI investments. CEO Srini Pallia said clients are shifting IT budgets toward AI, lengthening decision cycles and reducing discretionary spending.
Crude Oil Futures Edge Lower Despite US Strikes on Iran; Supply Disruptions Loom
Crude oil futures traded marginally lower on Thursday despite US airstrikes on Iranian facilities. September Brent was at $84.70, down 0.29%, while WTI fell 0.19% to $79.45. US EIA data showed a 1.7-million-barrel draw in commercial crude inventories. Analysts from ING Think flagged risks of renewed supply disruptions amid depressed tanker traffic through the Strait of Hormuz and the impending end of SPR releases.
Business Asian Markets End Positive as European Indices Trade in Negative Territory
Asian stock markets ended on a positive note led by South Korea's Kospi surging over 6.2%, while European indices traded in negative territory with Germany's DAX declining 0.6%.
Commodities Oil Jumps Nearly 5% as Trump Declares Iran Ceasefire 'Over'; Wall Street Falls
Oil prices surged nearly 5% and US stocks fell on Wednesday after President Donald Trump declared the ceasefire with Iran effectively over, raising fears of renewed disruptions to global energy supplies. Brent crude rose 4.8% to $77.74 a barrel, while the S&P 500 dropped 0.5% and the Dow lost 550 points.
Business Tech Stocks Tumble on AI Spending Fears, Nasdaq Sheds 2% as Chipmakers Slide
Technology stocks suffered a sharp sell-off on Tuesday, with the Nasdaq falling about 2% as concerns over the sustainability of AI spending triggered a wave of selling. Chipmakers Nvidia and Intel were hit hardest, and newly public SpaceX experienced a volatile session. Analysts are split on whether the pullback is a temporary pause or the start of a larger retreat.
Business Sensex slides 900 points as global tech sell-off weighs on Indian markets
The BSE Sensex plunged nearly 900 points to 76,201 on Tuesday, driven by a global tech sell-off triggered by a 10% crash in Korea's Kospi following a regulatory warning and weakness in US AI stocks. Foreign institutional investors were net buyers at Rs 18 crore, while domestic investors recorded Rs 680 crore net inflow. Market capitalisation on BSE fell by Rs 5.5 lakh crore to Rs 475.1 lakh crore, with metal and IT indices down 3% and 2.2% respectively.
Business Hurun India 500: NSE Retains Top Unlisted Company Tag Ahead of Serum Institute, Adani Properties
The National Stock Exchange (NSE) has retained its position as India's most valuable unlisted company with a valuation of Rs 4.86 lakh crore, according to the 2025 Burgundy Private Hurun India 500 report. The report also highlights NSE's upcoming Rs 30,000 crore IPO, a decline in top 10 companies' combined value by Rs 11 lakh crore, and Reliance Industries as the biggest value creator.
Business Noel Tata to Step Down from Six Tata Group Company Boards in November at Age 70
Noel Tata, chairman of Tata Trusts, will step down from the boards of six Tata group companies in November when he turns 70, triggering the conglomerate's retirement age limit for non-executive directors. He will retain his seat on Tata Sons. The departure sets off boardroom changes amid internal conflict at Tata Trusts.
Business Elon Musk loses trillionaire status as SpaceX shares plunge 30% in tech rout
Elon Musk's net worth fell to $957 billion, losing his trillionaire status after a sharp sell-off in Tesla and SpaceX shares. SpaceX stock dropped over 30% from its intraday peak amid a broader technology rout driven by AI bubble concerns and higher interest rate expectations. The Nasdaq Composite declined 2.2% and the semiconductor index slid 7.9%.
Business TOI Business Desk Highlights Financial Calculators Amid Market Holiday Queries
The TOI Business Desk, a dedicated team from The Times of India, provides a suite of financial calculators to help users estimate loan installments, SIP returns, PPF maturity, FD returns, NPS pension, and mutual fund values. These tools aim to assist investors in navigating financial planning amid market uncertainties.
Business Ecommerce Chiefs Evolve Into Full-Stack Strategists, FMCG and Retail Leaders Say at ETRetail Summit 2026
At the ETRetail Summit 2026, industry leaders from ITC, Zydus Wellness, Bajaj Consumer, IKEA India, and Campus highlighted that ecommerce roles have evolved from channel management to enterprise-wide strategy ownership, driven by supply chain agility, platform algorithms, and quick commerce growth.