Glen Industries IPO Soars 242 Times!

Tata Consultancy Services (TCS) faced a share price dip on July 11 after announcing its Q1 FY2026 results. The IT giant reported a 6% rise in net profit to Rs 12,760 crore and a 1.3% revenue increase to Rs 63,437 crore. However, its Total Contract Value fell significantly, sparking concerns about growth visibility. Brokerages like Nomura and UBS adjusted their target prices, reflecting cautious optimism. While some suggest holding shares, others highlight struggles with profitability. Investors are advised to keep an eye on TCS's performance as uncertainties loom.

Benchmark equity indices faced a downward trend for the third consecutive day on July 11, primarily due to concerns over Trump's proposed tariffs and disappointing earnings from TCS. The Nifty 50 index dropped below 25,200, with the Sensex losing 689.81 points to close at 82,500.47. Most sectors suffered losses, while only FMCG and pharma showed slight gains. The ongoing uncertainty and weak earnings season signal a need for caution among traders, as volatility is expected to remain high in the market.

The latest stock market news highlights key quarterly earnings and significant corporate changes. Tata Consultancy Services reported a 6% profit increase, while Tata Elxsi and IREDA faced declines. Hindustan Unilever will see a new CEO, Priya Nair, taking over from Rohit Jawa. Glenmark Pharmaceuticals secured a major licensing deal worth up to $1.925 billion, enhancing its oncology portfolio. With these developments, investors should keep an eye on stocks like Aegis Logistics and Zee Entertainment, which are amidst crucial transitions.

Motilal Oswal Financial Services is optimistic about Suzlon Energy, forecasting a 24% rise in stock value. The brokerage maintains a 'buy' rating, targeting Rs 82 per share. Over the last three months, Suzlon shares have surged over 24%. Recently, major investors, including Goldman Sachs, purchased a significant stake in the company. In the latest quarter, Suzlon reported a substantial profit increase to Rs 1,181 crore, compared to Rs 254 crore a year earlier, driven by rising revenues. This positive momentum may attract more investors looking for growth.

Apple is gearing up to launch a range of new products in early 2026, including a budget-friendly iPhone 17e, multiple iPads, and upgraded Mac models. The iPhone 17e will feature an improved A19 processor and is expected to follow the recently launched iPhone 16e. The new iPads will include faster chips and enhancements to the iPad Air. Apple aims to reignite consistent revenue growth after a dip in demand. This product rollout signifies Apple’s commitment to innovation and meeting diverse consumer needs in India and globally.

Bitcoin has surged past its all-time high, reaching $118,780, as cryptocurrency finds renewed momentum amid US market turmoil. This rally coincides with the upcoming 'Crypto Week,' where Congress will discuss significant bills aimed at regulating the crypto space. The GENIUS Act, supported by Trump, could allow private companies to issue stablecoins, while the Digital Asset Market Clarity Act aims to create a clear regulatory framework. As the landscape shifts from uncertainty to clarity, traders are optimistic, with some predicting Bitcoin could hit $150,000 soon.

Nikhil Kamath, the billionaire co-founder of Zerodha, has invested in Cafe Amudham, a South Indian eatery chain in Bengaluru and Delhi. Reports suggest his investment lies between ₹4-5 crore, though the exact figure is not confirmed. Established in 2022, Cafe Amudham has quickly expanded to eight outlets, positioning itself as a competitor to the renowned Rameshwaram Cafe. Unlike Rameshwaram, which has a traditional approach, Cafe Amudham aims for rapid growth like modern quick-service restaurants. Kamath has a history of investing in food brands, including Subko Coffee Roaster and Licious.

RBI Governor Sanjay Malhotra confirmed that ₹2,000 notes, though no longer circulated, are still valid currency. During a Parliamentary meeting, MPs raised concerns about counterfeit ₹500 notes, with over 1.12 lakh seized. The RBI is actively addressing this issue. As of July 1, ₹2,000 notes worth ₹6,099 crore remain in circulation, despite their withdrawal announcement last year. Introduced in November 2016, these notes will be phased out, but the public can still exchange them at designated RBI offices or via India Post.

On June 12, Air India flight AI171 tragically crashed shortly after taking off from Ahmedabad, resulting in the loss of 259 lives. The preliminary report from the Aircraft Accident Investigation Bureau (AAIB) reveals that both engines lost fuel supply mere seconds into the flight. Cockpit recordings show a tense exchange between the pilots, with one questioning why the fuel was cut off. Despite attempts to restart the engines, only one partially regained power before impact. The investigation continues, with no immediate evidence of sabotage but prior warnings regarding potential fuel switch flaws ignored. This incident marks a significant tragedy in India's aviation history.

External Affairs Minister S. Jaishankar is set to visit China next week, marking his first trip in five years. This visit comes after Defence Minister Rajnath Singh's recent trip to China, highlighting efforts to mend strained relations post-2020 military standoff. Jaishankar will meet Chinese Foreign Minister Wang Yi in Beijing and attend a Shanghai Cooperation Organisation meeting in Tianjin. They will discuss key issues, including rare earth supplies and regional tensions. Both nations aim to normalize ties, with recent dialogues indicating a positive shift.

Benchmark indices in India faced a decline for the second consecutive session on July 10, with the Nifty closing below 25,400 as concerns over US tariffs and TCS earnings loomed large. The Sensex fell by 345.80 points, and most sectors, except metal and realty, ended lower. Key stocks like Bharti Airtel and HDFC Life experienced significant losses, while others like IndusInd Bank and Maruti Suzuki saw gains. Analysts predict continued bearish sentiment, with critical support levels at 25,250–25,200, highlighting a cautious outlook for upcoming trading sessions.

Amidst initial panic over President Trump's tariffs, optimism is returning as business confidence grows and stock markets soar. However, the recently passed One Big Beautiful Bill (BBB) raises concerns. While it extends tax cuts, it also threatens economic stability with a high budget deficit and cuts to social programs. Critics warn this approach neglects long-term sustainability and may worsen health insurance access for millions. The bill's passage reflects deeper dysfunction in governance, leaving question marks over the future of America's economic resilience.

The Indian government has introduced tax-saving bonds through the Indian Renewable Energy Development Agency (IREDA) to promote renewable energy projects. Effective from July 9, 2025, these bonds will allow investors to enjoy capital gains tax exemptions, making them an attractive option for those looking to save on taxes while supporting sustainable energy initiatives. The funds raised will directly support renewable projects without government aid, enhancing financial discipline. This move is expected to accelerate India's shift towards achieving its ambitious renewable energy targets by 2030.

Gold prices in India saw a slight decline on July 7, with 24 carat gold priced at ₹98,993 and 22 carat gold at ₹90,763 for 10 grams. Major cities like Delhi and Bengaluru recorded the highest and lowest prices, respectively. The drop in gold rates was influenced by a decrease in international gold prices, driven by positive trade agreement news from the US. As demand for gold weakens, the market is watching closely for live updates on future price changes.

Nvidia has made history as the first public company to surpass a $4 trillion valuation, driven by the explosive growth of artificial intelligence. Shares soared to over $164 from just $14 at the beginning of 2023. Founded in 1993, Nvidia has seen rapid growth, now outperforming tech giants like Microsoft and Apple. In its latest quarter, the company reported a staggering profit of $18.8 billion, fueled by an incredible 69% revenue increase to $44.1 billion. With Wall Street anticipating another record quarter, Nvidia's success underlines the AI boom's impact on the market.

Hindustan Unilever has appointed Priya Nair as the new managing director and CEO, succeeding Rohit Jawa, who will step down on July 31 after 37 years with the company. Priya Nair, who has been with HUL since 1995, brings extensive experience in sales and marketing across various sectors, including beauty, wellbeing, and personal care. Her appointment marks a significant moment for HUL, as she becomes one of the few women to lead a major corporation in India, inspiring future generations and showcasing the potential of women in leadership.

Nikhil Kamath, the billionaire co-founder of Zerodha, has invested between ₹4-5 crore in Cafe Amudham, a rapidly expanding chain of South Indian restaurants in Bengaluru and Delhi. Founded in 2022 by Priyanka Rudrappa, Cafe Amudham now boasts eight outlets and aims to grow quickly, positioning itself as a competitor to the renowned Rameshwaram Cafe. Unlike Rameshwaram, which has a more traditional approach, Cafe Amudham operates similarly to fast-food chains, focusing on quick service and expansion across multiple cities. Kamath's interest in food investments continues with this strategic move.

A strong earthquake measuring 4.4 struck near Jhajjar in Haryana, sending tremors across Delhi-NCR on Thursday morning. At 9:04 am, residents rushed out of buildings in fear, though no casualties or damage were reported. The quake, occurring at a depth of 10 km, also affected Noida, Gurugram, Ghaziabad, and parts of Rajasthan and Uttar Pradesh. Eyewitnesses described the intensity as alarming, with items shaking in shops and homes. This event highlights the seismic activity in the region, classified as Zone IV, indicating that such tremors are not unusual for Delhi and its surroundings.