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Seven & i profit rises nearly 10%, boosted by overseas convenience stores

Japanese retailing giant previously announced a share buyback, is selling off non-core assets and plans to list its North American convenience store business

Sri Lanka's apparel industry alarmed by US tariff of 30%, hopes for cut

The US takes about 40 per cent of apparel exports, helping to pull in $1.9 billion last year and make the industry Sri Lanka's third largest earner of foreign exchange, employing 300,000 people

Asian shares up on Nvidia high, investors unfazed by Trump's tariff moves

US copper futures widened their premium to the London benchmark overnight after Trump announced plans to impose a 50 per cent tariff on copper

Gaza ceasefire possible in a week or two, not in a day: Israeli official

Israeli official said that if the two sides agree to a proposed 60-day ceasefire, Israel would use that time to offer a permanent ceasefire that would require the Palestinian militant group to disarm

Nissan suspends US production of three vehicle models sold in Canada

Nissan said its top-selling vehicles in Canada, such as the Versa, Sentra and Rogue, were all sourced from either Mexico or Japan, accounting for 80 per cent of its Canadian sales

Trump imposes up to 30% tariffs on six nations including Iraq, Philippines

Trump said trade talks have been going well with China and the European Union, which is the biggest bilateral trading partner of the US

US could collect $300 bn in tariff revenue this year, says Treasury chief

A Treasury spokesperson said the $300 billion target corresponds to the December 31 end of calendar 2025, not the end of the government's fiscal year on September 30

Travel Food Services IPO fully subscribed as institutions drive demand

It was subscribed 1.89 times, driven by institutional bids that were 5.23 times the shares reserved for them. Meanwhile, retail bids stood at a 0.44 times as of 2:12 p.m. IST

Sebi may allow credit rating of instruments outside its jurisdiction

Any agency that expands ratings to such instruments will need to set up a new unit within six months, the Securities and Exchange Board of India (SEBI) said in a consultation paper

Reliance Jio Platforms delays IPO plans, 2025 listing not on the cards

Valued by analysts at over $100 billion, Jio wants to achieve higher revenues and a bigger subscriber base for its telecom business

China's factory-gate deflation hits 2-year low amid global trade war

The producer price index fell 3.6 per cent in June from a year earlier, worse than a 3.3 per cent decline in May and the largest drop since July 2023

Dollar remains firm, Asian stocks mixed as traders ponder tariff outlook

Japan's Nikkei edged down 0.2 per cent, shedding early small gains. Australia's stock index declined 0.4 per cent, and Hong Kong's Hang Seng lost 0.9 per cent.

Preliminary report in Air India crash expected to be released by Friday

The investigation into the Air India flight 171 crash is focusing on the movement of the engine fuel control switches, following an analysis of the Boeing 787's flight and voice data recorders

No proposal to link options leverage limits to cash positions, says Sebi

The Securities and Exchange Board of India (Sebi) issued the statement after its chairman said that the regulator is stepping up surveillance to detect manipulation in derivatives trading

RBI announces ₹1 trn reverse repo auction on July 9 to absorb liquidity

The move follows the central bank's decision last week to conduct a seven-day variable rate reverse repo auction worth Rs 1 trillion

MCX to launch India's first electricity futures contracts on July 10

The exchange will initially launch cash-settled contracts for the current and next three-month periods, but they will subsequently be available for all 12 calendar months, said MCX

Jio BlackRock to disrupt India's fund market with low-cost strategy: Report

On average, the cost associated across plans will be lower for Jio BlackRock funds compared with the industry average, one of the sources said, declining to specify a level

India aims to import about 10% of its LPG from US starting 2026: Report

India had rarely bought U.S. LPG in the past due to higher freight costs, but state retailers began buying U.S. LPG in May after China imposed retaliatory import tariffs on U.S. propane

China warns Trump on tariffs, threatens retaliation on supply chain deals

China, initially singled out with tariffs exceeding 100 per cent, has until August 12 to reach an agreement with the White House to keep Trump from reinstating additional import curbs

Jane Street to challenge Sebi's market manipulation charges, email shows

Jane Street's email sent to its employees said it was "beyond disappointed" by the regulator's "extremely inflammatory" accusations and was working on a formal response