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Gulf Sovereign Funds Invest $1.7 Billion in India, Defying Geopolitical Tensions
Gulf sovereign funds invested $1.7 billion in India in H1 2026, defying geopolitical tensions. This investment nearly doubled the region's share in India's SWF investments since 2024, with funds prioritizing long-term themes like infrastructure and technology.
HDFC Bank Adjusts MCLR Rates: Overnight Down, Longer Tenors Up
HDFC Bank has revised its MCLR rates effective July 7, 2026. The overnight MCLR decreased by 5 basis points to 8.05%, while one-year and three-year MCLRs increased by 5 basis points each to 8.45% and 8.70% respectively. Other tenors remain unchanged.
Consumer Durable Sector Poised for Strong Q1 FY27 Growth, Driven by Summer Demand
The consumer durable sector anticipates a robust first quarter in FY27, with sales expected to grow 21% year-on-year to Rs461bn. Strong summer demand, particularly for room air conditioners, and a favorable low base from the previous year are key drivers. Despite operational challenges and commodity cost pressures, financial performance is showing signs of recovery.
Xbox CEO Asha Sharma Faces Scrutiny Amidst Major Layoffs and Restructuring
Xbox CEO Asha Sharma is under intense scrutiny following Microsoft's announcement of significant layoffs affecting approximately 4,800 jobs, with many impacting the Xbox division. Sharma, who previously garnered praise for distributing free consoles, has described the current changes as the "most significant restructure in Xbox history."
Gold Price Prediction: Bullish Bias Expected Amidst Inflation Concerns Easing
Gold is predicted to consolidate with a bullish bias in the near-term as Fed Chair Warsh notes falling inflation and weaker-than-expected US jobs data. Upside may be capped by aggressive Fed rate hike pricing, though a reduced probability of year-end hikes supports gold. The metal could reach $4300.
NCDRC Orders Mahindra to Replace Marazzo Engine, Pay Rs 1 Lakh Compensation
The NCDRC ordered Mahindra and its dealer to replace a customer's Marazzo engine free of cost and pay Rs 1 lakh compensation, rejecting their claim of bad fuel causing damage due to inconsistencies in the lab report.