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CCI clears Delhivery’s Rs 1,400-cr acquisition of Ecom Express, 99.4% stake to give firm control, boost scale in e-commerce logistics

The Competition Commission of India (CCI) has approved Delhivery's acquisition of a 99.4% stake in Ecom Express for up to Rs 1,407 crore. This deal, announced in April, signifies a major consolidation within India's logistics sector. Delhivery aims to enhance its scale and strengthen its offerings in the competitive express parcel and e-commerce logistics segments through this acquisition.

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Business

Rupee slips on oil spike, falls 30 paise to 86.34 against US dollar, traders cite geopolitical crisis & weak equities

The Indian rupee weakened to 86.34 against the US dollar due to rising crude oil prices and geopolitical tensions in the Middle East. A stronger dollar and subdued domestic equities further pressured the rupee. Despite bearish cues, foreign institutional investors were net buyers, purchasing equities worth Rs 1,482.77 crore.

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Business

MakeMyTrip to raise $3 billion to cut Chinese stake

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Business

India’s thirst for oil will rise more than any other country through 2030: IEA

India's oil demand is projected to surge by a million barrels per day over the next five years, becoming the primary driver of global demand growth, fueled by a rapidly expanding middle class, urbanization, and industrialization. This increase in consumption will heighten India's reliance on imports, posing challenges to its energy security amidst global market volatility.

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Business

Infra push on track: Railways opens largest auto cargo terminal at Manesar, Vaishnaw announces new MEMU and Amrit Bharat rollouts

Railways Minister Ashwini Vaishnaw inaugurated India's largest Gati Shakti Multi-Modal Cargo Terminal at Maruti Suzuki's Manesar plant, enhancing logistics efficiency. Indian Railways is expanding capacity by adding general coaches, upgrading MEMU trains, and introducing Namo Bharat trains to meet rising passenger demand. Reforms to the Tatkal booking system and advance passenger reservation charts are also underway to improve services.

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Business

Unbelievable! Stock of herbal medicine company, with zero revenue, rallies whopping 46,000% - what’s causing this surprising rise?

Regencell Bioscience Holdings Limited, a herbal medicine biotech firm, has experienced an astonishing 46,000% surge in its stock value in 2025, despite generating no revenue since its inception. This Hong Kong-based company, specializing in traditional Chinese medicine for neurological conditions, saw its market capitalization soar to $30 billion.

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Business

Trade talks: US, Pakistan agree to fast-track reciprocal tariff deal, technical roadmap discussions to follow

Pakistan and the United States have agreed to intensify negotiations on reciprocal tariffs, aiming to finalize a bilateral trade deal through continued technical engagement. This agreement was reached during a virtual meeting between Pakistan’s Finance Minister and US Commerce Secretary, focusing on deepening trade and investment ties. The renewed push comes amid concerns over potential US tariffs on Pakistani exports.

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Business

Auto deal cleared: CCI approves Mahindra’s Rs 555‑cr purchase of 59 % in SML Isuzu, open offer for 26 % stake next

The Competition Commission of India (CCI) has approved Mahindra & Mahindra's proposal to acquire a 58.96% stake in commercial vehicle manufacturer SML Isuzu for ₹555 crore. This acquisition involves purchasing Sumitomo Corp's 43.96% stake and Isuzu Motors' 15% stake. Mahindra will now launch an open offer for an additional 26% stake, aligning with SEBI's takeover regulations.

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Business

ITR filing FY 2024-25: Do you need to file your income tax return if TDS has been deducted? Explained

ITR filing FY 2024-25: Indian taxpayers often wonder if filing an Income Tax Return (ITR) is necessary when Tax Deducted at Source (TDS) has been deducted. Experts clarify that filing an ITR is indeed mandatory, even with TDS deductions. TDS doesn't confirm overall tax liability, which might differ from the deducted amount.

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Business

'Trade wars have no winners': Xi Jinping on Trump's tariffs; says 'protectionism harms others and oneself'

President Xi Jinping criticized Donald Trump's tariff policies at the China-Central Asia Summit, stating such protectionism harms all parties involved. He emphasized that trade wars produce no winners. While Trump expressed openness to deals and hinted at extending the July 8 deadline, only one trade agreement, with the UK, has been finalized amidst ongoing negotiations with roughly 17 other countries.

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Business

US Stock market today: Wall Street slips on weak industrial output, Israel-Iran conflict fuels oil spike

US stocks experienced a slight dip in early trading due to disappointing retail spending data and escalating geopolitical tensions in the Middle East. The S&P 500, Dow, and Nasdaq all saw declines. European and Asian markets also largely fell, influenced by fears of a broader conflict disrupting global oil flows.

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Business

Sebi bans media guest expert Sanjiv Bhasin, 11 others from securities market for stock manipulation

Sebi has barred Sanjiv Bhasin, ex-director at IIFL Securities, and 11 others from the securities market for share manipulation related to stock recommendations on media channels. They are accused of exploiting their influence to profit from price surges following their recommendations. The regulator has directed them to disgorge ill-gotten gains of Rs 11.37 crore.

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Business

Tier-II slowdown: New housing supply dips 35% in Q4, developers shift focus to premium homes amid funding squeeze

New housing launches in India's top 15 tier-II cities experienced a sharp 35% decline in the January-March quarter, as developers adjusted strategies due to rising costs and selective demand. While most cities saw significant supply cuts, Coimbatore bucked the trend with a doubling of new units.

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Business

India’s first bullet train project gets a boost! Siemens consortium bags contract for ETCS Level 2 signalling; order valued at Rs 4,100 crore

India's ambitious bullet train project connecting Ahmedabad and Mumbai progresses with a significant boost. A Siemens-led consortium secured a ₹4,100 crore contract from NHSRCL to implement advanced signalling and telecom systems.

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Business

Crude oil demand set to decline in 2030: IEA sees first drop since Covid, supply growth to be led by US and Saudi Arabia

The IEA forecasts a slight dip in global oil demand in 2030, marking the first decline since the 2020 Covid shock, driven by slower economic growth, EV adoption, and energy transition efforts. Global oil consumption is projected to peak at 105.6 million bpd in 2029 before decreasing to 105.5 million bpd the following year.

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Business

India’s mutual fund AUM hits record Rs 72.2 lakh crore; retail investors & SIPs drive growth - check details

India's mutual fund industry has witnessed remarkable growth, reaching ₹72.2 lakh crore AUM in May 2025, a 22.5% increase year-on-year. This surge is fueled by increased investor participation, substantial equity inflows, and the rising popularity of SIPs.

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Business

Crude oil demand set to decline in 2030: IEA sees first drop since Covid, supply growth to be led by US and Saudi Arabia

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Business

Derivatives expiry shuffle gets Sebi nod: NSE to shift to Tuesday, BSE to take Thursday from September 1

The NSE and BSE are set to swap their weekly derivatives expiry days starting September 1, 2025, following Sebi's approval. NSE will shift to Tuesday expiries, while BSE will move to Thursday. This change aligns with Sebi's directive to standardize equity derivatives expiries, avoiding congestion at the week's start or end.

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