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Trump expands generics tariff, broadens Section 232 scope

President Donald Trump unveiled a phased tariff plan for imported generic drugs, imposing a zero tariff for two years starting August 1, 2026, then escalating to 100% for one year and 200% thereafter to push onshoring of U.S. production and penalize companies that don’t build domestic facilities. The move expands the administration’s pharmaceutical trade policy after an earlier Section 232 action and signals potential broader application beyond generics to reshape drug supply chains.

10 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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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

Photo: Securities Exchange Board of India / Wikimedia Commons (Public domain)

SEBI Sets Aug 1 Promoter Buyback Freeze

SEBI has operationalised an ISIN-level freeze on promoter and promoter-group holdings during share buybacks, with depositories instructed to implement the necessary systems by August 1, 2026. Promoters may tender shares in tender-offer buybacks, and pre-existing encumbrances can be invoked or released, while the freeze remains in effect across these scenarios.

6 sources

UN reports 144 migrants dead off Mauritania

The UNHCR reports 144 refugees and migrants dead or missing off Mauritania after perilous West Africa-to-Europe sea crossings, with three rescue operations between July 14–18 that saved 387 people. By 2026, about 2,147 individuals have been rescued in Nouadhibou and Nouakchott, while cross-Atlantic migration remains deadly even as overall arrivals to Europe grow more cautious.

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

PLI schemes attract Rs 2.4 lakh crore investment

India’s Production Linked Incentive schemes across 14 sectors have drawn over ₹2.40 lakh crore in actual investments, generated more than 14.15 lakh direct and indirect jobs, and boosted exports to ₹15.2 lakh crore as of March 2026, with mobile phone manufacturing at 99.2% domestically and imports down 77%. The schemes are regularly reviewed by the Empowered Group of Secretaries to address implementation issues and attract more investment, reinforcing Make in India and strengthening India's role in global value chains.

5 sources

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TVS Motor Q1 Profit Surges 67%

TVS Motor posted a strong Q1 FY27 with net profit up around 51% to 67% year-on-year and revenue increasing about 33-38%, underpinned by robust demand in domestic and international markets and record quarterly sales across motorcycles, scooters, and EVs. The board also approved raising up to ₹10 billion through non-convertible debentures and commercial papers to fund growth, including capital expenditure and debt refinancing.

18 sources

E2E Networks posts 334% Q1 revenue surge

E2E Networks reported a dramatic Q1 FY27 performance with revenue of ₹1.57–1.57 billion, EBITDA of ₹1,179 million and a 75.2% margin, PAT of ₹439 million and earnings per share of ₹2.10, driven by the B200 cluster deployment and an expanded GPU fleet to about 5,100 units. The company also announced strategic moves, including the incorporation of Sovcloud Technologies Limited as a subsidiary and progress on listing on major exchanges, signaling scale-up in both operations and corporate structure.

8 sources

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Indian steelmakers pivot domestic markets amid EU constraints

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5 sources

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Amitabh Bachchan Reports ICU Stay, Surgery, On Road to Recovery

Amitabh Bachchan disclosed that he was hospitalized for surgery and spent time in the ICU, and has since returned home, describing the post-discharge recovery as the most difficult phase of life—physically, psychologically, and practically. He did not reveal details of the surgery, and fans have shown concern and swept in with well-wishes as his team keeps updates private.

9 sources

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Burnham plans VAT cut on electricity bills

New UK Prime Minister Andy Burnham announced an immediate VAT cut on domestic electricity bills, lowering the annual bill by about £45 from October as part of a broader effort to ease the cost-of-living crisis. The policy is funded this year by scrapping the Digital ID programme, with Northern Ireland maintaining its commitments to follow EU tax rules.

11 sources

ED raids eight Bengaluru sites in ISIS probe

Investigations into ISIS recruitment and money-laundering in Bengaluru led ED and NIA to raid about eight locations, implicating Iqra Welfare Trust, Guidance for Mankind and others; the case stems from an NIA FIR and involves charges of funding, conspiracy and recruitment for ISIS. The accused allegedly ran Iqra Camp and Quran Circle to indoctrinate youths, raised funds through trusts and savings, and facilitated travel to Syria via Turkiye, with ISIS propaganda spread around anti-CAA/NRC protests and through encrypted social media.

11 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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CJP Protests Delhi Police Brutality, 20+ Deaths Reported

CJP founder Abhijeet Dipke apologized to injured supporters, alleging Delhi Police brutality during the Sansad Chalo protest and accusing the government of protecting Education Minister Dharmendra Pradhan amid claims of deaths tied to a NEET paper-leak row. The demonstrations in Delhi included clashes with police, reports of violence against protesters, and continued sit-ins at Jantar Mantar as calls for Pradhan's resignation intensified.

8 sources

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Ant International secures $1.2B for global payments expansion

Ant International raised about $1.2 billion in a Series A, with participation from Ant Group and Alibaba as it pursues global expansion in merchant payments, account management and other financial services, while integrating AI across its infrastructure. The Singapore-based unit, spun out in 2024, operates four units—Alipay+, Antom, WorldFirst and Bettr—across Asia, Europe, the Middle East and Latin America, serving roughly 150 million merchants and 2 billion user accounts and was valued at about $10 billion prior to the funding.

11 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

Photo: U.S. Department of State / Wikimedia Commons (Public domain)

Rubio Arrives Manila as US Condemns China Actions

The United States condemned China’s dangerous and aggressive actions after a clash with the Philippine Navy in the South China Sea as Rubio arrived in Manila for ASEAN meetings, reaffirming Washington’s commitment to freedom of navigation and the regional defense umbrella, and signaling openness to a meeting with Chinese Foreign Minister Wang Yi. Manila and Beijing trade allegations over an incident near a disputed outpost, with China denying the Philippine account of a Coast Guard injury.

7 sources

Photo: World Bank Group/ Grant Ellis / Wikimedia Commons (CC BY-SA 4.0)

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

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

Netanyahu warns Iran of stronger response

Prime Minister Benjamin Netanyahu warned Iran that any future attack would trigger a far stronger Israeli response, emphasizing readiness to act decisively and promising no repeat of past outcomes. The remarks, delivered at the Negev conference amid ongoing tensions and recent Israeli strikes in Iran and regional hostilities, signal a renewed posture of deterrence as the ceasefire remains fragile and the risk of escalation persists.

8 sources