Page 4 - Latest News
War-hit balance sheets: State-run OMCs' underrecoveries hit ₹2.19 trillion
High crude oil prices pushed state-run oil retailers into massive under-recoveries despite fuel price hikes, while LPG sales continued to remain loss-making, Petroleum Minister Hardeep Singh Puri said
 "War-hit balance sheets: State-run OMCs' underrecoveries hit ₹2.19 trillion")
Banks' loan growth outpaces deposit growth in Q1 across public, pvt lenders
Business updates from public and private sector banks showed advances growing faster than deposits during the April-June quarter, reflecting sustained credit demand
 "Banks' loan growth outpaces deposit growth in Q1 across public, pvt lenders")
Bank of Baroda to pay $600 million to settle NMC Health litigation
Amount is equivalent to bank's net profit in Q4FY26
 "Bank of Baroda to pay $600 million to settle NMC Health litigation")
OpenAI proposes handing Trump administration 5% stake, say reports
OpenAI has reportedly discussed giving the US government a 5% stake as Washington weighs stricter oversight of AI and broader public participation in the sector's growth
 "OpenAI proposes handing Trump administration 5% stake, say reports")
India should revisit stance on WTO ecom moratorium: Icrier study
ICRIER says India's growing digital exports now outweigh tariff revenue concerns and calls for a more proactive role in shaping global digital trade rules
 "India should revisit stance on WTO ecom moratorium: Icrier study")
Google loses EU top court battle over $4.7 bn Android antitrust fine
The European Court of Justice ruled on Thursday that Google's earlier defeat against a European Commission penalty should stand
 "Google loses EU top court battle over $4.7 bn Android antitrust fine")
Russian missile, drone attack on Ukraine kills 20, injures dozens
Russia has intensified its attacks on Kyiv in recent weeks, even as Ukraine's own long-range drone campaign against Russian military sites and energy facilities has caused fuel shortages
 "Russian missile, drone attack on Ukraine kills 20, injures dozens")
IBBI proposes recovery clarity for guarantors, tighter valuation norms
Draft changes follow IBC Amendment Act, 2026, and aim to plug gaps in insolvency regulations
 "IBBI proposes recovery clarity for guarantors, tighter valuation norms")
A first in India: StanC processes remittance under new Swift scheme
Bank completes cross-border payment from Australia in 37 seconds under Swift's new retail payments scheme, enabling near real-time credit to beneficiary bank
 "A first in India: StanC processes remittance under new Swift scheme")
Tata Steel expects €500 million in Dutch operations Ebitda for FY27
Chairman Natarajan Chandrasekaran says Dutch operations remain self-funded, while the company targets 800 million-1 billion euros in EBITDA over the longer term
 "Tata Steel expects €500 million in Dutch operations Ebitda for FY27")
Sony to end PlayStation game discs from 2028, shifts fully to digital
Sony will stop producing physical PlayStation game discs from 2028, becoming the first major console maker to shift entirely to digital game distribution
 "Sony to end PlayStation game discs from 2028, shifts fully to digital")
Latin America, Africa power strong Q1 recovery in two-wheeler exports
Strong overseas demand and easing shipping disruptions sustain export momentum
 "Latin America, Africa power strong Q1 recovery in two-wheeler exports")
CSM Technologies lists at 5% discount; Swara Baby Products files ₹1K cr IPO
CSM Technologies lists at a discount, while FirstCry-backed Swara Baby Products files draft papers for a ₹1,000-crore IPO to fund expansion and acquisitions
 "CSM Technologies lists at 5% discount; Swara Baby Products files ₹1K cr IPO")
Cement makers' gains hinge on higher volumes, lower fuel costs in H2FY27
Cement makers face surplus capacity and elevated costs, with stronger demand and lower fuel prices expected to drive earnings and valuations in the second half of FY27
 "Cement makers' gains hinge on higher volumes, lower fuel costs in H2FY27")
Electric trucks next priority after e-2Ws, says PMO's Tarun Kapoor
Tarun Kapoor says Delhi's move to allow only electric two-wheelers from 2028 sends the right signal; Centre may consider more support for e-trucks if PM E-Drive gains momentum
 "Electric trucks next priority after e-2Ws, says PMO's Tarun Kapoor")
TCS to Infosys: 9 out of 10 Nifty IT stocks trade up to 27% below 200-DMA
The Nifty IT currently quotes around 20 per cent below its 200-DMA. TCS, Infosys, Wipro and HCL Technologies are down in the range of 21-26 per cent form respective 200-DMAs.
 "TCS to Infosys: 9 out of 10 Nifty IT stocks trade up to 27% below 200-DMA")
IRB Infrastructure Trust to transfer 2 BOT assets in ₹4,605 crore deal
IRB Infrastructure Trust will transfer two operational BOT highway projects to its listed InvIT as part of its capital recycling strategy, boosting its O&M order book by about Rs 2,400 crore
 "IRB Infrastructure Trust to transfer 2 BOT assets in ₹4,605 crore deal")
Fuel sales jumped in June despite price hikes, shows PPAC data
Petrol and diesel consumption rose despite higher fuel prices, while ATF demand edged lower and LPG sales declined amid supply disruptions from West Asia
 "Fuel sales jumped in June despite price hikes, shows PPAC data")
Amazon India legal chief steps up fight against fakes and AI-enabled scams
As Amazon commits $48 billion to India through 2030, legal chief Rakesh Mohan Bakshi says combating counterfeiting and AI-enabled fraud has become central to the company's strategy
 "Amazon India legal chief steps up fight against fakes and AI-enabled scams")
Nifty IT logs best 1-day gains in over a year; Sensex climbs 580 points
Nifty ended the session at 24,176, a gain of 170 points, or 0.7 per cent
 "Nifty IT logs best 1-day gains in over a year; Sensex climbs 580 points")