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USL Q1 net profit rises to ₹463 crore

United Spirits posted a roughly ₹6,113–₹6,122 crore revenue for Q1 FY27 with standalone net profit surging about 51.5% to ₹391 crore, led by a double-digit rise in the Prestige & Above segment even as the popular portfolio declined due to state policy changes. The company also advanced strategic moves, including a ₹2.69 crore investment to acquire 10.08% of Nuvola Spirits and the planned sale of Royal Challengers Sports, owner of the RCB franchise, while continuing to leverage its premium portfolio and sports-related revenue mix.

7 sources

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Sona Comstar DENSO form two EV powertrain JVs

Indian auto components maker Sona Comstar and DENSO plan two joint ventures to design and manufacture electric and hybrid powertrain systems across 2-, 3-, and 4-wheelers in India. The high‑voltage, liquid‑cooled unit will be owned 51% by DENSO with management control, while the 2/3‑wheeler unit involves transferring Sona’s existing business to a subsidiary, with DENSO taking 49% and Sona retaining 51% and control; both deals are subject to regulatory approvals and closing conditions to accelerate India's EV push.

9 sources

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Shoppers Stop Q1 FY27 loss narrows, revenue rises

Shoppers Stop posted a consolidated Q1 FY27 net loss of ₹14.25 crore as revenue rose 11.2% to ₹1,291.4 crore, aided by eight new store openings and continued premiumisation, beauty growth and Intune formats. The retailer noted higher costs and a slight dip in EBITDA margins but also highlighted a strong loyalty program of 1.38 crore members, ongoing ESOP activity, and a push toward debt-free status by FY27 amidst robust premium and beauty demand.

8 sources

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World Bank Warns U.S.-Iran Conflict Halves Global Growth

World Bank Chief Economist Indermit Gill warns that a protracted US-Iran clash could shrink global growth to about 1.3% in 2026, with inflation near 4.5% as energy prices surge and trade routes and supply chains are disrupted, prompting higher policy rates. The fallout would hit vulnerable, debt-burdened economies hardest by squeezing essential public services and raising borrowing costs, with spillovers for energy, commodities, and global markets as fertilizers, helium, and sulfur supplies are disrupted.

7 sources

Lalit Modi to Return After SAFEMA Relief

"Lalit Modi has secured a legal vindication after appellate tribunals set aside penalties in the 2009 SAFEMA/FEMA case related to IPL South Africa, and says he plans to return to India after 16 years, though he will continue living in London and visit India periodically." Modi frames the relief as clearing the way to reconnect with his homeland and the IPL’s future, while keeping London as his base and aiming to visit India around year-end or early next year as his family events unfold.

19 sources

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Eternal Q1 FY27 Revenue Rises; Profit Misses Estimates

Eternal Ltd posted a Q1 FY27 net profit of 92 crore on revenue of 20,211 crore, marking a near 3.7x profit rise year-on-year but still missing consensus forecasts. The company expanded Blinkit with 200 new stores, lifting costs and capex as it pursues growth, while revenue beat some estimates and investors gave mixed reactions to the earnings miss on profitability.

9 sources

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Kuldeep Yadav Signs Overseas Deal with Yorkshire

Kuldeep Yadav has joined Yorkshire as an overseas player for the remainder of England’s domestic season, set to play five One-Day Cup matches and three County Championship games starting with a Friday debut against Glamorgan. Yorkshire officials say his left-arm wrist spin will bolster their attack in dry-summer conditions after he was not selected for India’s recent ODI series.

11 sources

Carnelian Asset Management Secures SEBI Mutual Fund Approval

Carnelian Asset Management & Advisors has secured SEBI approval to launch a mutual fund business, enabling it to offer active and passive funds across equity, debt and hybrid categories to retail investors, alongside its PMS, AIFs and offshore strategies. With over ₹18,300 crore in AUM and 8,600+ clients served via 710+ partners as of June 30, 2026, the firm positions itself to capitalize on India's expanding mutual fund industry, which totals over ₹82 lakh crore AUM and tens of millions of folios and SIPs, while founder Vikas Khemani emphasizes deeper penetration beyond metros and growth opportunities in rural India.

6 sources

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Pawar, Sule Meet Modi Amid NDA Merger Speculation

Sharad Pawar and Supriya Sule met Prime Minister Modi amid ongoing NEET-UG protests and pressed for the government to address demands, while Sule denied reports of an NDA merger, even as discussions about a possible reunification of NCP factions with the NDA circulated and a decision window of 8-15 days was mentioned.

13 sources

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Amaal Mallik alleges paid PR against Awarapan 2

Amaal Mallik accused rival elements in the film industry of running a paid PR campaign to undermine Yeh Awarapan and Awarapan 2, while thanking fans for their support and urging audiences to focus on the music’s emotional impact. He also clarified that the original Awarapan soundtrack consisted of licensed indie tracks reimagined by Pritam, not an entirely original score, and urged viewers to judge the music by emotion rather than online narratives.

7 sources

BCCL Falls on Q1 Loss; Volume Surges

Bharat Coking Coal Ltd posted a net loss of ₹68 crore in Q1 FY27 as revenue declined about 3-4% and off-take fell roughly 14%, triggering a share price slide of around 7-8% to the mid-₹30s with heavy trading volume. The company also began commercial operations of the 2 MTPA Bhojudih Coal Washery in May, while markets overall remained weak and the stock showed mixed near-term technical signals.

9 sources

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US Warns Over Houthi Red Sea Blockade

President Donald Trump said the United States would “take care of it” if Yemen’s Houthis move to block Red Sea shipping, noting past actions against the group and indicating Washington would respond if the threat materializes. The comments come as the Houthis threaten to disrupt one of the world’s key trade routes amid broader U.S.-Iran tensions and regional clashes over Saudi ports and airports.

20 sources

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Trident Q1 profit up 13%; board approves subsidiary

Trident Ltd posted a consolidated net profit of ₹158 crore for Q1 FY27 on revenue of ₹1,786.8 crore, marking about a 13% YoY gain as the yarn and home textiles segments supported margins around 17%. The board also approved the formation of a wholly-owned subsidiary to bolster brand-building, marketing and overseas growth.

6 sources

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Sunteck Realty Q1 Profit Up; ₹2,250-Crore Fundraise Planned

Sunteck Realty posted a robust Q1 FY27, with net profit up 25.5% to ₹41.96 crore on revenue of ₹191.56 crore and total income of ₹202.03 crore, aided by an EBITDA of ₹66.8 crore and a 34.9% margin. The board also approved an enabling resolution to raise up to ₹2,250 crore through a mix of debt and equity to fund expansion, with specifics to be decided later.

9 sources

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Dipke plans Bhim Army ticket contest

BJP MP Nishikant Dubey predicts Cockroach Janta Party founder Abhijeet Dipke will contest elections on a Bhim Army ticket, arguing that mass movements consistently produce political leaders. Meanwhile, the movement still regards Prime Minister Modi as its leader and seeks his intervention on issues such as the NEET paper leak, as thousands protest with Dipke at the forefront.

5 sources

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Zen Technologies Secures ₹177.5 Crore MoD Simulator Order

Zen Technologies has secured multiple Indian Ministry of Defence contracts, including a ₹177.5 crore order to upgrade Tank and Crew Gunnery Simulators to be completed within a year, and a ₹180 crore order that expands its defence training simulators and anti-drone offerings, significantly boosting its order book. The company is also scaling up domestic, indigenously sourced capabilities through Vector Technics’ expanded drone propulsion production, aligning with Atmanirbhar Bharat/IDDM policies and strengthening revenue visibility.

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Nadda Visits Delhi Hospitals to Review Protesters' Injuries

Union Health Minister JP Nadda visited Ram Manohar Lohia and Lady Hardinge hospitals to check on protesters injured during the Cockroach Janta Party’s Chalo Sansad march, with around 60 protesters and over 118 police injured. The protests demanded the resignation of Education Minister Dharmendra Pradhan, and Nadda had earlier held talks with CJP representatives promising internal discussions, with leaders like Rahul Gandhi visiting injured protesters and climate activist Sonam Wangchuk continuing treatment.

14 sources

Pakistani national detained after crossing Jammu International Border

A 53-year-old Pakistani national, Mohammad Rafiq Kala of Village Pindi, Pakistan, was apprehended by BSF in the Akhnoor/Pargwal border area after allegedly crossing the International Border into India; officials say he appears to have lost his way while visiting his sister, with nothing incriminating recovered and he remains in BSF custody as investigators verify his identity and travel route.

7 sources

Glenmark's RYALTRIS gains FDA approval for children 6–11

The U.S. FDA expanded the indication for RYALTRIS to include children aged 6 to less than 12 with Seasonal Allergic Rhinitis, broadening its use alongside adults and older youths. The approval, supported by a Phase 3 trial of 446 children showing improved nasal symptoms and good tolerability, coincides with Glenmark’s plan to transition to direct U.S. commercialization by April 1, 2026.

8 sources

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Diljit Dosanjh backs CJP protest

Bollywood singer-actor Diljit Dosanjh publicly backed students protesting under the CJP movement, urging authorities to listen to their demands. He acknowledged he expects to be labeled anti-national again, recalling the backlash and legal problems he faced after supporting the farmers' protest.

5 sources

Bengaluru Green Line Metro Disruption Impacts Thousands

Bengaluru’s Namma Metro Green Line suffered a morning power outage that disrupted peak-hour service, with trains running in a short loop between Silk Institute and Yeshwanthpur and sections like Yeshwanthpur–Madavara or Yeshwanthpur–Nagasandra suspended until power was restored. Normal revenue services resumed across the line by 8:45 am as technical teams worked to restore power, amid ongoing disruption patterns on the network in recent weeks.

11 sources

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Ukraine Receives $690 Million IMF Disbursement Amid War

The IMF has approved a $690 million disbursement for Ukraine under its $8.1 billion loan program, bringing total funding to about $2.2 billion as Kyiv maintains macroeconomic stability amid ongoing war. While targets have been met, several structural reforms slowed or were delayed, prompting a revised reform timetable and additional corrective measures to keep the program on track amid heightened security risks and a projected slower 2026 growth.

11 sources

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Powell Ohio Five Die Rescuing Swimmer

Five people died in Powell, Ohio after a group attempted to rescue a struggling swimmer in the Scioto River, with a frightened child alerting authorities and two women then three men found dead; two children under 10 were placed in the care of family services. The incident unfolded Sunday with others jumping in to help as the group faced rising dangers, and authorities confirmed the sequence of recoveries over the following days.

9 sources

India raises windfall taxes on diesel, ATF exports

India has raised windfall taxes on diesel and aviation turbine fuel exports to ₹15.5 and ₹14.5 per litre respectively, while trimming the petrol export levy to ₹2.5 per litre, effective July 16 as part of a regular fortnightly review to stabilize domestic fuel availability amid volatile global oil prices and ongoing geopolitical tensions. The move aims to curb export surges, protect domestic supply, and ensure government revenue, with the context of elevated crude prices and supply disruptions influencing policy.

10 sources