- Chairman's exit a 'challenging event' that raised governance questions: HDFC Bank CEO July 11, 2026In his annual letter to shareholders, Sashidhar Jagdishan noted that an independent probe by Indian and US law firms found no basis for Atanu Chakraborty's allegations regarding internal bank practices.
- German luxury carmakers split on hybrids as EV sales surge July 11, 2026BMW dismisses hybrids as costly and unnecessary, while Mercedes is betting on them to ease the shift away from petrol and diesel.
- Plum picks Rothschild for a record $100 mn fundraise July 11, 2026D2C beauty brand Plum is gearing up for its next phase of growth, tapping Rothschild & Co to raise $75-100 million for offline expansion and new product launches. If successful, the round would set a record for a standalone beauty and personal care brand in India.
- Apple sues OpenAI, alleges ChatGPT maker stole trade secrets to build AI hardware July 10, 2026Filed in a federal court in California, the lawsuit alleges that OpenAI and two former Apple employees engaged in a coordinated effort to misappropriate confidential information related to Apple's hardware development.
- Swiggy gets FSSAI order on its Toing app licence, rejigs details July 10, 2026The filing comes amid heightened FSSAI scrutiny of food companies and quick commerce platforms over compliance, labelling and food safety practices.
- India, New Zealand adopt Strategic Partnership Roadmap to 2030 with trade target of NZ$7 billion July 11, 2026India and New Zealand established a Strategic Partnership, aiming for enhanced cooperation. They adopted a 2030 roadmap to guide joint actions over the next four years. Both nations agreed to double bilateral trade to NZD 7 billion by 2030. The leaders welcomed the signing of a comprehensive Free Trade Agreement. Cooperation will expand across trade, agricul […]
- PM Modi begins New Zealand visit, trade talks in focus July 10, 2026Prime Minister Narendra Modi arrived in Auckland for a historic visit to New Zealand. This marks the first Indian prime ministerial visit in four decades. Talks will focus on strengthening economic and trade engagement between the nations. New Zealand expects significant business benefits from the new free trade agreement. The visit aims to deepen people-to- […]
- Forex reserves rise $7.3 billion as FCNR & ECB flows pick up July 10, 2026The country's stockpile of assets denominated in foreign currencies rose $7.26 billion to $674 billion in the week ended July 3, the latest data from the Reserve Bank of India (RBI) showed. Of the total reserves, foreign currency assets increased $4.5 billion to $545.5 billion, while gold reserves increased $2.6 billion to $105.2 billion during the week […]
- 'What's in your shopping cart?' Govt plans first nationwide retail consumption survey July 10, 2026The government is considering a nationwide retail consumption survey. This survey will gather granular data on consumer spending patterns. It aims to track retail sales of various goods across all business types. Digital payment data already shows robust spending across many retail categories. The ministry seeks to diversify official statistics with this ini […]
- El Nino effect: Oilseed imports surge in April July 10, 2026India significantly increased oilseed imports in April, driven by El Nino fears. Soybeans constituted ninety-five percent of these substantial oilseed purchases. This surge followed a domestic production decline and made imports commercially attractive. Industry experts noted the unusual jump in imports due to higher domestic prices. India relies heavily on […]
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