Page 5 - Bloomberg/reuters

Andy Burnham set to become next UK premier with majority of MP votes

At the end of the first day of the party's leadership contest to replace Keir Starmer, 322 of 403 Labour members of Parliament voted for Burnham

ONGC approves strategic oil reserve expansion after Iran war exposes risks

The ONGC board gave the green light to add 1.75 million tons of capacity in Mangalore, Karnataka, to national crude reserves, according to a filing

US-Iran peace agreement in limbo after renewed strikes, sanctions

In its initial phase, the memorandum of understanding that took effect June 18 was supposed to end all hostilities, provide sanctions relief for Iran and reopen the Strait of Hormuz

Technical talks with Iran to continue despite recent strikes: US official

The US is still committed to finding a solution with Iran, the official said Thursday, speaking on condition of anonymity to discuss the matter

RBI faces $100 billion unwinding challenge after record defence of rupee

With a spate of recent measures expected to attract foreign capital, the RBI has started trimming its massive short dollar forward position, a stock of commitments to sell the greenback at future date

Swift launches blockchain platform for 24x7 cross-border payments

The global messaging network said 17 banks, including HSBC, Citigroup, BNY Mellon, Standard Chartered and UBS, will pilot live cross-border transactions using tokenised deposits

Tata Group targets $100 bn revenue from auto units by 2031 after demerger

N Chandrasekaran said the group will invest across electrification, manufacturing capacity, tech and new products following the demerger of Tata Motors' passenger and commercial vehicle businesses

PM Modi, Australia's Albanese laud deeper bilateral ties ahead of summit

The two leaders are expected to sign agreements on defence and energy as they seek to expand economic and strategic cooperation

Shipping through Hormuz grinds to near standstill after fresh US strikes

Ship-tracking data showed minimal movement through the world's most important oil chokepoint after Washington launched a second day of strikes on Iran and President Donald Trump declared the ceasefire

US military presence in Europe will depend on Greenland, Iran: Trump

The US President said any decision on military deployments would depend on allies' response to his concerns over Greenland and support for Washington's Iran campaign, adding to unease within Nato

US judge seeks more details from Adani on DOJ move to drop bribery case

Judge Nicholas Garaufis has directed the Indian billionaire to file sworn responses by July 15 on whether any promises or deals were linked to the Justice Department's move to dismiss the indictment

Russia bans diesel exports after Ukrainian drone attacks hit refineries

Russia's temporary diesel export ban has pushed global fuel prices to multi-year highs, adding fresh pressure to energy markets already disrupted by the Iran war

Three top executives resign from Axis Bank as lender rejigs leadership

Anil Agarwal, president and group head of institutional clients coverage, Vikas Shinde, who once headed the debt capital market team, and Jimmy Tavadia, group head of trading, have resigned

Apple's expanded agreement with Broadcom expected to top $30 billion

Apple's chip partnership with Broadcom will exceed $30 billion, boosting US semiconductor manufacturing and supporting its AI and wireless technology ambitions

New Zealand emerging as global laboratory for climate-friendly cows

New Zealand is testing methane-cutting technologies for livestock, aiming to reduce farm emissions while protecting agricultural exports and climate goals

Trump ratchets up naval blockade threats, fresh US Strikes on Iran

Trump threatened more strikes and a renewed blockade on Iran as Tehran vowed an immediate response, raising fears of renewed conflict and oil market disruption

From New York to Tokyo, equities retreat on renewed US-Iran tensions

Global equities fell and oil prices rose after Donald Trump signalled the ceasefire with Iran may be be over, reviving concerns over inflation and interest rates

New derivatives tied to Nifty index designed for FPI get Sebi nod

NSE gets regulatory approval for foreign investor-focused derivatives as India seeks to deepen market access and revive overseas flows

Fat-loss drug sales in India loses steam after early spike from generics

The slowdown marks a sharp deceleration from the initial rush that followed the expiry of semaglutide's patent in March

Alphabet-led project drives 44% jump in India's foreign investment: UN

Total FDI rose 44% to $39 billion last year, UN Trade and Development said in its annual World Investment Report released Tuesday