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Kospi down 4% as Asian shares fall on tech pullback; oil prices steady

Tech stocks led losses across Asia after Wall Street's AI-driven rally lost steam, while oil prices held in a narrow range as investors weighed prospects for an Iran peace deal

Rupee steadies as lower oil prices, inflows boost carry trade appeal

Cooling crude prices and over $40 billion in recent inflows have eased depreciation concerns, improving the Indian currency's attractiveness for carry trades

Temasek-backed Milky Mist targets $1.13 bn valuation, fixes IPO price band

The Temasek-backed dairy company seeks a valuation of about $1.13 bn (₹10,778 crore) at the upper end of the price band after reducing its IPO size following a pre-listing stake sale

India sugar prices hit record high on tight supplies, festival demand

Indian sugar prices hit a record high as tight supplies and rising festival demand fuel gains, raising inflation concerns and boosting sugar mill margins

Eli Lilly raises annual revenue expectation as GLP-1 drugs fuel growth

Eli Lilly raised its full-year revenue forecast after stronger-than-expected quarterly results, driven by robust demand for Mounjaro and Zepbound

Honda raises full-year forecasts, posts first profit rise in six quarters

Honda raised its full-year forecasts after quarterly profit more than doubled, aided by a weaker yen and lower US tariff-related costs

Novo outlook hike falls flat as Wegovy pill sales fail to impress

Novo Nordisk raised its 2026 outlook, but investor sentiment remained subdued as Wegovy pill sales disappointed and CagriSema faced another setback

Uber intensifies robotaxi plans, shares fall on weak profit forecast

Uber forecast weaker-than-expected Q3 earnings as it reaffirmed heavy investments in robotaxis and acquisitions despite robust second-quarter demand

Google shakes up AI leadership, DeepMind CEO Hassabis new chief scientist

Alphabet named Demis Hassabis its chief scientist while several senior Gemini leaders, including Jeff Dean, left to launch a new AI startup.

Iran may secure control of inbound traffic from proposed Hormuz deal

A proposed Iran-Oman deal could give Tehran greater oversight of ships entering the Gulf via Hormuz, even as Houthi attacks keep regional shipping on edge

Ongoing wars, El Nino to drive world towards fresh food inflation: FAO

FAO's chief economist warns wars, El Niño and rising energy costs could trigger a fresh wave of global food inflation by year-end and into 2027

Govt may impose gas levy to finance $42 billion strategic fuel reserves

The plan would ​extend India's strategic reserves beyond crude oil for the first time, with stockpiles designed to cover about two months of ‌crude and LNG demand, and around six weeks of LPG

India's forex reserves jump to near three-month high of $692.9 billion

Reserves jumped nearly $10.5 billion compared to the previous week, in ‌their biggest surge since the week ended January 30

Sebi sees no need to review new stock closing auction immediately

India's benchmark Nifty 50 index had seen sharp volatility earlier this week as a new mechanism to determine the closing prices of stocks was introduced on Monday

US-Iran having 'very good discussions', Hormuz to open very soon: Trump

Trump has often threatened massive strikes if Tehran did not ​reach an agreement and then cited progress in talks that have so far failed to end hostilities

Foreign inflows unlikely to lift rupee significantly in coming months

Foreign investors turned ‌net buyers of Indian equities in July for the first time in 5 months, while the RBI's measures to attract foreign exchange, announced in June, have drawn more than $40 bn

Oil prices extend declines as investors await outcome of US-Iran talks

Brent crude futures dropped 92 ‌cents, or about 1.2%, to $78.44 a barrel by 0330 GMT

OpenAI, Anthropic model implicated in new security breaches during tests

Britain's AI Security Institute said agents powered by Anthropic's Mythos 5 and OpenAI's GPT-5.6-Sol engaged in unauthorized actions during security evaluations

Asian shares jump as tech rally, lower oil prices lift market sentiment

Japan's Nikkei climbed 3.0% and South ​Korea added 3.4%, continuing its run of wild swings

Milky Mist cuts IPO size to ₹1,553 cr after pre-listing deal with Temasek

Singapore state investor Temasek's unit bought a 5.16% stake via deals in April - ₹357 crore in shares and convertible preference shares issued by the company