UpGrad-Unacademy Rs 1,955 Cr Deal Closing in Three Weeks
UpGrad's all-stock acquisition of Unacademy, valued at Rs 1,955 crore, is set to close within three weeks after CCI clearance and near-complete investor sign-offs. The deal combines upGrad's upskilling business with Unacademy's test prep and medical education platforms, with Gaurav Munjal staying on as CEO.
Business · 3 min read
US-Iran Fighting Pauses as Diplomacy Intensifies
A two-day halt in US airstrikes on Iran and Iranian retaliatory attacks on US bases followed active diplomacy by Pakistan, Turkey, and Qatar. US officials also cited Patriot missile shortages and internal caution as factors behind the pause.
Global Affairs · 4 min read
L&T, HUL, Canara Bank Lead Q1 FY27 Earnings Day
More than a dozen major Indian companies, including L&T, HUL, Ambuja Cements, Canara Bank, and Suzlon, report April-to-June quarter results on July 28, 2026. The earnings will give markets a broad read on infrastructure, consumer demand, credit quality, and energy sector health heading into Q2 FY27.
Markets · 3 min read
CXMT Hits $484 Billion in Shanghai Stock Debut
Chinese memory chipmaker ChangXin Memory Technologies (CXMT) surged 466 percent on its Shanghai Stock Exchange debut, hitting a $484 billion valuation and becoming the most valuable company on that exchange.
Markets · 3 min read
India 10-Year Bond Yield Hits 2-Month Drop
India's 10-year bond yield fell sharply on Monday, its biggest drop in two months, after Brent crude collapsed nearly 13% across two sessions following a US-Iran fighting pause. Lower oil prices ease India's inflation and current account risks, giving the RBI more room to hold its easing stance.
Markets · 3 min read
Oil Falls 6% on US-Iran Strike Pause
Brent crude dropped $6.20 to $90.58 and WTI fell $5.80 to $83.51 on Monday after the US and Iran paused military strikes, raising hopes of a diplomatic solution. Shipping through the Strait of Hormuz remains well below normal, and Houthi attacks on Saudi Red Sea installations keep the supply outlook fragile.
Markets · 4 min read
Nilekani to head Modi's exam reform task force
PM Modi has appointed Infosys co-founder Nandan Nilekani to lead a high-powered task force on exam reforms targeting the National Test Agency, a day after the Education Minister resigned. The government is also introducing an amendment bill in the Lok Sabha to toughen penalties for paper leaks and exam malpractice.
Policy & Government · 4 min read
NATO Unveils Major Arms Deals Ahead of Trump Summit
NATO Secretary General Mark Rutte unveiled tens of billions of dollars in arms deals at a defence forum in Ankara ahead of the alliance's summit with President Trump.
Global Affairs · 4 min read
Pradhan Quits, Modi Names Nilekani Exam Reform Panel
Education Minister Dharmendra Pradhan resigned following nationwide protests over the NEET paper leak, with Pralhad Joshi named as his replacement. Prime Minister Modi announced a Nandan Nilekani-led task force on exam reforms, while protests ended after the CJP reached an agreement with Union Ministers Nadda and
Policy & Government · 4 min read
Brent Crude Tops $100 on Houthi Tanker Attacks
Brent crude surged past $100 a barrel on Thursday after Houthi forces attacked two Saudi oil tankers in the Red Sea, adding pressure to an already disrupted Strait of Hormuz. Goldman Sachs now sees Brent potentially exceeding $120 in Q4 2026 if both chokepoints remain closed.
Global Affairs · 4 min read
IDFC First Bank Q1 Profit Jumps 132% to Record Rs 1,075 Crore
IDFC First Bank reported a record quarterly net profit of Rs 1,075 crore in Q1 2026, up 132% year-on-year, supported by 21.1% growth in net interest income and Rs 514.8 crore in CGFMU scheme claims. Gross NPAs fell to 1.51%, signalling continued improvement in asset quality.
Markets · 3 min read
Pakistan and China Push to Revive US-Iran Talks
Pakistan and China are pushing to revive US-Iran peace talks through the Islamabad MoU framework, even as US missiles strike Iranian targets and both sides escalate threats.
Global Affairs · 4 min read
Manipal Health IPO opens July 29 at Rs 560-590
Manipal Health Enterprises has priced its Rs 9,275 crore IPO at Rs 560 to Rs 590 per share, with the issue opening July 29, 2026. The bulk of proceeds, drawn from an Rs 8,000 crore fresh issue, will go toward debt repayment and buying a minority stake in Sahyadri Hospitals.
Markets · 3 min read
Houthis Strike Saudi Arabia as Regional War Widens
Houthi rebels claimed a missile strike on the Saudi city of Jizan on Saturday, escalating a conflict that now threatens both of Saudi Arabia's main oil export routes simultaneously. The flare-up adds pressure on US-Iran talks as the five-month-old war continues to widen across the region.
Global Affairs · 4 min read
Skyroot Reaches Orbit, Now Faces Rocket Economics
Skyroot Aerospace's Vikram-1 became India's first privately built rocket to reach orbit, making India only the third country after the US and China with a private orbital launch capability.
Technology · 5 min read