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Rupee climbs to nearly one-month high on oil slump, strong inflows

The currency ‌strengthened nearly 0.3% to 95.13 per dollar, its highest since July 8

Alibaba unveils largest AI model Qwen3.8-Max as competition intensifies

Qwen3.8-Max has 2.4 trillion parameters, the numerical settings ​a model learns from data and uses to recognise patterns, generate answers, and carry out tasks

Japan, US confirm joint yen-buying intervention, signal more action

The move underscored both countries' resolve to prevent a selloff in the yen and Japanese government bonds (JGBs) from causing global spillovers

AstraZeneca holds talks with Bristol Myers Squibb on $400 billion megadeal

A potential deal would carry regulatory risk because of concerns about how it might be assessed by US antitrust authorities under ‌President Donald Trump's administration

5.6 magnitude earthquake strikes Egypt's Suez, no damage reported

The Egyptian ‌Red Crescent said it activated its ​emergency response plan in the governorates where the quake was felt

CERC proposes transmission charge relief for delayed renewable projects

Several clean energy projects have been stalled in India because of a lack of transmission infrastructure

Oil drops nearly 5% as Trump cancels attack on Iran to reach nuclear deal

Brent crude futures slid $4.08, ‌or 4.64%, to $83.85 by 2352 GMT while US West Texas Intermediate crude was at $80.66 a barrel, down $4.01, or 4.74%

Opec+ likely to approve September output hike, pause further increases

The seven core ​members of Opec+ - ​Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman - have ​been increasing monthly production quotas for most of this year

Iran warns of strikes on other nations' energy fields if US attacks again

Iranian Foreign Minister Abbas Araqchi said Iran would respond decisively to any aggression and discussed the consequences of destabilising actions by the US

Apple forecasts slower sales growth as chip supply crunch persists

"We're seeing some very significant (supply) constraints currently with limited flexibility in the supply chain to remedy it," Chief Executive Tim Cook said

IndiGo to discontinue widebody operations, end Norse Atlantic lease

A worsening operating environment, driven by geopolitical tensions, has increased costs and weighed on the economics of the programme

ITC's Q1 profit drops 27% as premium cigarette demand softens amid tax hike

India's ITC reported ​a 27% fall ​in quarterly profit ‌on Friday, as fresh cigarette tax hikes this year squeezed margins, while staggered price hikes weighed ‌on demand for pricier brands

April-June fiscal deficit of India stood at 18.2% of 2026/27 target

Government data showed India's fiscal deficit reached Rs 3.1 trillion, or 18.2% of the FY27 target, as capital expenditure and overall spending increased in the first quarter

Manipal Health's $960 million IPO fully subscribed on final day of bidding

The IPO, India's second biggest this year after SBI Funds Management, received bids for 229 million shares, as of 1:54 p.m. IST, against 90.09 million shares on offer, according to exchange data

Most Australian teens still on social media 3 months after ban began: Study

Children's continued ​social media use took place even as account ownership declined ​to 42% from 52%, with 'statistically significant' reductions across YouTube, Snapchat and TikTok in particular

Elon Musk dismisses report of Tesla's potential China business sale

Tesla and SpaceX merger can raise geopolitical hurdles, particularly in ​China, because SpaceX is a major US defence contractor while Tesla operates wholly owned manufacturing facilities in China

Adani Energy may launch another institutional share sale next fiscal

Adani Energy Solutions has shareholder approval to raise up to ₹10,000 crore through shares in one or more tranches

Board of Peace reached deal with Hamas for Gaza disarmament: Trump

In a post on Truth ‌Social, Trump cast it ​as a 'major milestone in the ​implementation of the Trump 20-Point Plan' to end ​Israel's war in Gaza

Oil prices fall more than 1% on greater flows despite US-Iran war

Brent futures fell $1.03, or 1.2%, to $88 a barrel by 0215 GMT, while US West Texas Intermediate (WTI) crude slipped $1.50, or 1.8%, to $82.09 a barrel

Reliance Industries ramps up diesel exports to Europe, Brazil in July

The exports come after ​European diesel profit margins hit a record of $74 a barrel on Wednesday as the region's stockpiles have ‌fallen to their lowest since 2014