Renewable energy boost: Aditya Birla Group to buy Shell-backed Sprng Energy; deal worth $1.8 billion

The final equity payment to Shell will be calculated after taking into account adjustments related to debt, cash and other items outlined in the transaction agreements. (AI image) Aditya Birla Renewables Ltd (ABRen), the renewable energy arm of Grasim Industries, has entered into an agreement to acquire Sprng Energy from Shell Overseas Investment BV in…

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Why Dubai’s housing market slowed in 2026; sales fell 16%, prices dipped by 7%

Housing sales and prices in Dubai plunged to Middle East war Dubai’s residential property market slowed down in the first half of 2026 as geopolitical tensions in West Asia weighed on buyer sentiment, with housing sales falling 16 per cent year-on-year, according to real estate consultancy Anarock.Residential transactions totalled AED 225.7 billion during the January-June…

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India’s commerce portfolio: Imports outpace exports, trade deficit expands to $30.4 billion

India’s merchandise imports surged 31% year-on-year to $70.84 billion India’s merchandise imports surged 31% year-on-year to $70.84 billion in June. Merchandise exports rose 15.5% to $40.41 billion during the month, while imports climbed sharply, driven by higher purchases of crude oil, electronics, machinery and precious metals, commerce secretary Rajesh Agarwal said during a press briefing…

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Retail inflation jumps to 4.38% in June, driven by food, jewellery prices; breaches RBI’s 4% target

Retail inflation crosses RBI target, at 4.38% India’s retail inflation rose to 4.38 per cent in June, up from 3.93 per cent in May, as higher food prices pushed up the overall Consumer Price Index (CPI), according to provisional data released by the ministry of statistics and programme implementation (MoSPI) on Monday.Food inflation, measured by…

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‘Unpredictable fluctuations’ in airfares: SC asks Centre to place rules before it within 2 weeks

SC asks Centre to place rules before it within 2 weeks NEW DELHI: The Supreme Court on Monday directed the Centre to place before it, within two weeks, the rules framed under the Bharatiya Vayuyan Adhiniyam, 2024, while hearing a plea seeking regulatory guidelines to curb the “unpredictable fluctuations” in airfares and ancillary charges imposed…

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Spain’s Submer to invest $2 billion in Madhya Pradesh semiconductor sector, may create 5,000 jobs

Spainish tech giant Submer Group on Monday announced a $2 billion investment in Madhya Pradesh’s semiconductor industry, a move expected to create nearly 5,000 direct employment opportunities.The announcement was made at the MP Tech Growth Conclave 3.0: GCC – Data Centres and Semiconductors, according to a senior state government official.“A $2 billion investment (19,000 crore…

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Global funds fall in love with Indian stocks again; buy $1 billion in equities as foreign investors rush back

The renewed interest from foreign investors could help extend the recovery in the benchmark NSE Nifty 50 index. (AI image) Foreign investors seem to be turning bullish on Indian equities again with more than $1 billion invested in the last week. Goldman Sachs Group Inc. has projected that these overseas inflows could strengthen further as…

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Stocks to buy: What’s the outlook for Nifty for July 13-July 17 week? Check list of top stock recommendations

Top stocks to buy today (AI image) Stock market recommendations: Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities recommends Indian Hotels Company, and Equitas Small Finance Bank as top stocks to buy for the July 13-July 17, 2026 week. Technical outlooks for Nifty, and Bank Nifty have also been shared: Stock recommendations Indian…

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