FAR MONTH JULY CONTRACT
Why is market rising today? Sensex soars 1,300 pts, Nifty above 25,400 as explosive rally continues. 4 factors behind Rs 6 lakh cr gains
Indian equity markets extended their bullish momentum on Wednesday, with the Sensex and Nifty rising over 1% each. Sustained foreign institutional investor (FII) buying and supportive market factors boosted investor sentiment, strengthening the ongoing rally and reinforcing optimism across Dalal Street amid continued market gains.
Consumption recovery may take a hit on inflation, weaker rains: Dabur India CEO
Dabur India is monitoring the impact of rising commodity inflation and weaker rainfall on rural consumption. Although there has been steady demand, challenges may emerge in the next two quarters. The company's rural market growth has outpaced urban growth, but this gap is narrowing. Dabur has initiated price increases while striving to maintain growth. The firm is expanding its rural reach and optimizing product distribution channels.
France eases job-loss rules for foreign workers, cuts residence permit processing time
France has introduced significant immigration changes from October 30, 2026, giving foreign workers more time to find new jobs after unemployment and reducing residence permit processing timelines. Under the revised rules, Temporary Worker permit holders get three months to secure new employment, while EU Blue Card holders get six months without immediately losing their residence status.
Fires, protests, pollution: How Apple's supply chain woes in India have caused troubles over the years
Three contract workers lost their lives due to asphyxiation at a Tata Electronics factory in Hosur. This incident has prompted investigations by the companies involved and the Tamil Nadu state government. Recent years have witnessed various operational issues at Apple supplier facilities, leading to heightened scrutiny. Apple's supply chain in India continues to face challenges amid efforts to diversify from China.
Moonshot AI rents Nvidia’s top AI chips in China, documents show
Documents indicate that Moonshot AI possibly accessed advanced Nvidia chips despite US export restrictions and related investigations. The servers were reportedly rented from Super Micro Computer Inc. with significant financial backing from Lingmeixin Technology Co.
South Korean shares surge over 3% as tech stocks rebound, oil prices ease
South Korean shares surged 3.57%, snapping a three-session losing streak, as gains in US technology stocks and falling oil prices boosted investor sentiment. Chipmakers Samsung Electronics and SK Hynix led the rally, while foreign investors turned net buyers. However, the won weakened and government bond yields edged higher.
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India’s LNG buyers eye flexi deals to cut risks after Iran war hit Qatar supply
Indian LNG buyers are seeking more flexible long-term supply contracts after the Iran war disrupted shipments through the Strait of Hormuz and almost halted imports from Qatar. Gujarat Energy has signed a 10-year deal with ADNOC for 4 million tonnes of LNG from 2028, while Petronet LNG is negotiating to include US-sourced gas in its renewed 20-year contract with QatarEnergy.
SoO far, yet so close in Manipur
Recent violence in Manipur illustrates how local incidents can quickly escalate into widespread unrest. The Suspension of Operations agreement has become a focal point of political tension ahead of upcoming elections. Various community groups are clashing over issues of special status and historical grievances. Heightened animosities between the Meitei community, Kuki-Zos, and Nagas have exacerbated the situation.
Dabur CEO flags rural demand risks from rising commodity inflation, weak rains
Dabur India CEO Herjit S. Bhalla expressed concerns about rising commodity inflation affecting consumption recovery. Increased inflation is projected to impact rural markets in the upcoming two quarters. While Dabur's rural business remains strong, growth is starting to level with urban consumer markets. The company is implementing careful price increases while focusing on cost-saving measures and product portfolio rationalization.
Rs 84,084 crore incentive on offer, but India's deepsea oil exploration bids delayed again
Introduced in 2016 under the Hydrocarbon Exploration and Licensing Policy, OALP sought to replace the government-driven identification of exploration blocks with an investor-led system that allows companies to nominate acreage they wish to explore.
Middle East oil price war heralds post-conflict glut: Bousso
The Strait of Hormuz has become a bustling corridor for Middle Eastern oil, with exports rising sharply since September. However, the ongoing constraints in demand and refining capacity alongside dwindling global crude inventories mean that producers are slashing prices to lure in buyers within a fiercely competitive arena. Analysts foresee a possible surplus driven by increased output from Gulf nations, and a stable peace could exacerbate market dynamics.
Krakow mass shooting assailant died in hospital, Polish police say
A mass shooting in Krakow resulted in six fatalities when a young gunman opened fire from his car. The assailant, a 24-year-old from Ostrowiec Swietokrzyski, was shot by police shortly after the attack. The attack has been linked to potential far-right ideology, as indicated by symbols on the shooter's clothing. While the investigation continues, authorities are examining these emblems for further insights.
Japan's Yen intervention hits record $50 billion in single day in July
Japan spent a record $50.36 billion in a single day in July to strengthen the yen, which had fallen to a 40-year low against the dollar. It conducted interventions worth $97.19 billion overall, including coordinated action with the US and South Korea, highlighting growing concerns over continued currency weakness.
FCNR(B) interest bill to keep dollar hedging costs high
As a multibillion-dollar FCNR(B) interest bill escalates, Indian banks grapple with increased dollar hedging expenses. Recently, the Reserve Bank of India mandated new reserve prerequisites for forex derivatives, compounding the challenges for banks that must secure cash reserves against these contracts. A significant number of Indian banks are currently without a robust hedging strategy, frequently depending on short-term contracts.
Adani Enterprises plans Rs 35,000-40,000 crore annual capex in next two years
Adani Enterprises intends to invest between Rs 35,000 crore and Rs 40,000 crore annually for upcoming years. The major areas of focus will be airports, data centres, and a PVC manufacturing complex. Recently, the company reported strong financial growth, with a notable increase in EBITDA and revenue. This investment cycle aims to enhance operational capabilities and generate returns from new assets.
Tesla to add Cybertruck shift to clear orders before dismantling line next year
Tesla plans to add an additional production shift to fulfill outstanding Cybertruck orders by next year. CEO Elon Musk stated that production would then transition to the Cybercab, a new robotaxi model. Despite initial expectations, Cybertruck sales fell significantly, affecting its market performance. Quality concerns and recalls have also impacted the Cybertruck since its launch in late 2023.
Poland shooting: 3 bodies found at home of Krakow gunman; 6 killed, 15 injured in attack
A mass shooting occurred in Krakow, resulting in six fatalities and multiple injuries among the crowd. The attacker, identified as holding radical views, was shot and wounded by police. Authorities discovered three deceased individuals believed to be the suspect's family members at his home. Krakow's city officials declared a period of mourning following the tragedy in a major tourist area.
Job market dark reality: Man attends 55 interviews after applying for over 175 roles, gets no offers, says, 'Doesn't know what else to do...'
In a relentless job search, a determined candidate has submitted 175 applications and participated in 55 interviews but has yet to secure an offer. After advancing to the final round 25 times, financial pressure has mounted due to exhausted unemployment benefits. To increase their chances, they have turned to artificial intelligence for targeted job hunting, highlighting the struggles faced by many in today’s demanding employment landscape.
Mphasis posts 19.6% growth in Q2 profit at Rs 561.1 crore
The Bengaluru-headquartered company's revenue for the three months ended September 30 rose 17.4% from a year earlier and 4.5% sequentially to Rs 4,580.9 crore.
US employers added a surprising 165,000 jobs in October; unemployment rate dipped to 4.1%
US employers added 165,000 jobs last month, surpassing economists' expectations and bringing the unemployment rate down to 4.1%. The Labor Department also revised previous months' job figures upwards, indicating stronger hiring trends.
Copper price falls for 4th day, heads for worst week since March on AI rout
Copper prices have faced yet another decline, marking four consecutive sessions of decrease, primarily due to a dip in technology shares and rising concerns over artificial intelligence investments. The three-month copper rate on the London Metal Exchange fell to a low not seen since late July. While tight supply, particularly outside the US, has cushioned further losses, a significant drop in copper stocks within Chinese warehouses is intensifying supply anxieties.
Four-time NBA champion Klay Thompson has reportedly made $180 million in 15 years: Here’s a look at his contract, salary and off-court earnings
Klay Thompson has amassed an impressive net worth of $180 million over his 15-year tenure in the NBA. Launching his professional career with the Golden State Warriors in 2011, he has since clinched four NBA championships. Beyond basketball, Thompson enhances his wealth through endorsements and sponsorships, collaborating with numerous brands. Additionally, he made a cameo in 'Space Jam: A New Legacy.
Adani’s copper smelter targets up to 85% utilisation by March on assured supplies
Adani Group’s Kutch Copper expects to increase smelter capacity utilisation to 80-85% by March, against its earlier target of 75%, as long-term contracts help secure copper concentrate amid tight global supplies. The smelter operated at 64% utilisation in the September quarter, producing 80,200 tonnes.
European far right distances itself from Trump, blaming Iran war for Republicans' defeat
Europe's far-right leaders have begun distancing themselves from Donald Trump after Republicans' losses in the US midterm elections, citing the Iran war, rising energy prices and cost-of-living pressures. While some avoided directly criticising Trump, analysts said his declining popularity could turn ties with his MAGA movement from an electoral advantage into a liability.
Arisinfra Solutions reports 110% rise in H1 net profit to Rs 42.9 cr
Arisinfra Solutions reported a 110% year-on-year rise in H1FY27 net profit to Rs 42.9 crore, with revenue increasing 32% to Rs 598.5 crore. Q2 profit reached a record Rs 22.8 crore, supported by contract manufacturing and DaaS growth.
China Services PMI slows to three-month low; what lies ahead for Chinese stocks?
China’s services sector expanded at its slowest pace in three months as rising costs and intense competition squeezed margins. The weaker PMI and declining business confidence may weigh on Chinese equities, although sustained growth in export orders offers some support.
Arisinfra Solutions reports 110% rise in H1 net profit to Rs 42.9 cr
Arisinfra Solutions reported a 110% jump in first-half profit as revenue and operating margins improved. Strong growth in contract manufacturing and its Developer as a Service business helped the company post its highest-ever quarterly profit.
GRSE shares jump 9% after signing Rs 32,000 crore Indian Navy contract for five next-generation corvettes
GRSE shares surged nearly 9% after securing a Rs 32,000-crore Indian Navy contract to build five Next Generation Corvettes. The nine-year project will strengthen indigenous defence manufacturing, enhance maritime capabilities and reinforce GRSE's warship-building position, adding significantly to its order book and long-term business prospects.
China's factory activity slows on weaker export orders
China's factory activity showed signs of slower growth for the first time since July. The RatingDog China manufacturing purchasing managers index dropped to 52, reflecting a slight decline from September. Even as output increased, new export orders experienced a decline to a three-month low. Business confidence also weakened, with average export charges falling for the first time in nearly a year.
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