India’s service sector continued to expand but at a much slower pace.The Services Purchasing Managers' Index reading of 53.1 in July signalled sustained business activity, supported by new orders and resilient domestic demand, even as growth momentum softened.

The platform will accelerate the development of institutional-grade senior living communities across key Indian cities and help establish senior living as a mainstream asset class.

Indian indices continued to extend its losses for the fifth consecutive session, with the Sensex falling over 400 points and the Nifty holding below 23,900 amid a sustained rally in oil prices along with persistent FII outflows and subdued global cues.

Interglobe Aviation Q1 Results: IndiGo reported a net loss of Rs 238 crore in Q1FY27, compared with a profit of Rs 2,176 crore a year ago, as sharply higher operating costs outweighed strong revenue growth. Revenue from operations rose 20% year on year to Rs 24,584 crore, while total expenses surged 34%, driven largely by higher fuel and operating costs.

Infosys appointed Ashiss Kumar Dash as its next CEO, effective April 2027. This succession plan was announced alongside a reduced annual revenue growth forecast. The company now expects fiscal 2027 revenue growth between 1.5% and 3.0%. This adjustment reflects cautious client spending and AI-driven industry disruption. Dash will take over from Salil Parekh after his tenure concludes in March.

Higher Education Secretary Vineet Joshi was transferred amid ongoing exam irregularities scrutiny. Naresh Pal Gangwar now leads the Department of Higher Education, Ministry of Education. Several other secretary-level appointments were also announced by the Appointments Committee of the Cabinet. This reshuffle occurs while the Education Ministry faces public and political pressure. The government also approved in-situ upgradations for several officials.

Brent futures fell 81 cents, or 1%, to $99.68 a barrel at 0126 GMT, but were still set for a 13.5% rise this week. West Texas Intermediate (WTI) futures dropped 70 cents, or 0.76%, to $91.49 a barrel and were on track for a 11% weekly gain.

Manipal Health Enterprises plans a billion-dollar initial public offering this month. The company will announce its price band on July twenty-fourth. The offering includes a fresh issue of shares and an offer for sale. Proceeds will primarily be used to reduce debt and acquire a minority stake. This follows SBI Funds Management's successful large IPO earlier this year.

Adani Enterprises has denied media reports about launching a new airline. The company stated it is not evaluating any proposals to enter the airline business. Meanwhile, Adani Defence and DRDO will develop an early warning system. This system will be for six Airbus A321 aircraft for the Indian Air Force. The project aims to support India's self-reliance initiative.

The United States has imposed 10% tariffs on goods from India and sixteen other nations. This action stems from their alleged failure to ban imports made with forced labor. India amended its foreign trade policy to prohibit such imports after the investigation began. Trading partners adopting and enforcing these prohibitions will face a 10% tariff rate. This move aims to address human rights abuses and distortive trade practices globally.

The World Economic Forum estimates that nearly 40 per cent of workers' existing skills will require updating within the next five years as artificial intelligence, automation and digital technologies reshape industries. Ironically, because of this mismatch, many Indian businesses struggle to fill vacancies. Youngsters, particularly Gen Z and younger millennials, are unwilling to accept jobs where salaries are deducted for training. They are equally reluctant to take up roles that offer low pay, limited learning opportunities and poor work-life balance.

The JSA Boardroom Connect in Chennai, scheduled for July 24, 2026, will bring together CXOs, legal, finance, and compliance leaders for a closed-door discussion on "The Indian Manufacturing Paradigm: The Evolving Regulatory & GovernanceLandscape."

India's credit expansion is currently its strongest since 2012. Corporate loan growth reached a thirteen-year high in May. Household loan growth has also remained resilient for four months. Non-banking financial companies saw retail loan growth accelerate significantly. Overall credit demand is expected to remain strong in coming quarters.

India's markets regulator is proposing new rules for portfolio managers. These changes aim to reduce compliance burdens and offer more investment avenues. Portfolio managers may soon invest in to-be-listed securities and overseas equities. This move aligns them with other investment funds already offering such options. The regulator seeks to enhance business ease and provide greater flexibility.

Ahead of its proposed initial public offering (IPO), Juniper Green Energy Limited has, through an addendum to its Draft Red Herring Prospectus (DRHP) filed with SEBI on July 9, disclosed pending litigation involving the company, its subsidiaries, promoters, directors and key managerial personnel.

The government has permitted foreign direct investment in inventory-based e-commerce models. This new policy exclusively applies to goods manufactured and produced in India for export. The move aims to boost India's outbound shipments through easier global market access. This change will not impact domestic small retailers selling within the country. The decision comes into effect after the FEMA notification is issued.

India plans a second phase for its strategic petroleum reserves. This expansion will add significant crude oil storage capacity. The project will utilize a public-private partnership model for development. Government funding will cap at sixty percent of the total cost. New sites for additional reserves are also being continuously assessed.

New Delhi [India], India Mortgage Guarantee Corporation (IMGC), India's first mortgage guarantee company regulated by the Reserve Bank of India, today announced the appointment of Mr. Rajesh Sud, a veteran financial services leader who has spent over three decades building and leading some of India's largest financial institutions, to its Board of Directors.

Cipla's first-quarter profit declined significantly, impacted by muted cancer drug sales. U.S. supply disruptions for a tumor treatment also affected the company's financial results. The drugmaker appointed Dinesh Jain as its new global finance chief on Friday. Cipla's India business showed strong double-digit growth in key therapy areas. North America revenue experienced a notable decrease during the reporting period.

Brokerage firm JM Financial noted that the announcement is negative for Indian companies like Aurobindo Pharma, Dr Reddys Laboratories, Lupin, Sun Pharmaceutical Industries, Zydus Lifesciences, etc.