Uber shares drop 6% as weak forecast overshadows strong bookings

Uber shares fell 6% after the company gave a weak forecast for third-quarter bookings. While second-quarter revenue rose 12% to $14.17 billion, investors worried about future growth. CEO Dara Khosrowshahi said, "The World Cup helped Uber's ride-hailing business during the quarter." The firm now focuses on new autonomous-vehicle investments.

Private investments to boost railway wheel manufacturing; India may turn a net exporter

Private sector investments are set to reshape India’s railway wheel manufacturing industry. New projects by Jupiter Wagons and Titagarh Rail Systems-Ramkrishna Forgings will boost domestic production over the next 2-3 years. Vivek Lohia said, "the economics of the business are finally turning favourable." This shift could make India a net exporter.

India’s chip ambitions get a 'major boost' as new consortium gathers leaders to fast-track the semiconductor mission.

Startup Policy Forum launched The Semicon Consortium to unite startups, investors, and global players. This platform aims to support India’s semiconductor industry growth. S. Krishnan, Secretary, MeitY, said, "India's semiconductor journey requires strong partnerships between government, industry, startups, academia and investors." The move follows the Union Cabinet approving ISM 2.0.

The next evolution of financial protection: Bringing life cover, enhanced protection and market linked returns together

Term insurance is evolving to offer more than just a death benefit for families. Modern plans now include coverage for accidents, permanent disabilities, and terminal illnesses. Insurers also started adding features like return of premiums and market-linked growth to provide extra value while keeping financial protection simple and affordable.

Mindspace REIT's Q1 net operating income rises 28% to Rs 788 crore

Mindspace Business Parks REIT reported a 27.8% rise in net operating income to Rs 788 crore for the quarter ended June. The firm saw strong leasing and added new assets. Ramesh Nair said, "The performance reflects the strength of our portfolio, the quality of assets, and disciplined execution."

Three market signals long-term investors shouldn't ignore: Insights from DSP's latest report

DSP Mutual Fund’s latest NETRA report highlights three trends for long-term investors as the Nifty 50 moves sideways. Valuations have become more reasonable, with the Nifty’s Price-to-Book ratio falling below 3 times since December 2020. Large-cap stocks also look attractive, suggesting that current market consolidation often leads to healthy future returns.

Closing auction session lifts Nifty, Sensex after the bell as metals lead post

Indian indices Nifty 50, Sensex, and Nifty Bank rose during Wednesday’s Closing Auction Session. Metals led the gains, with Vedanta emerging as the biggest winner. While many stocks moved up, consumer and media shares fell. This new mechanism helps discover prices after the regular market closes at 3:15 pm each day.

$1,000,000,000 in profit every day! As consumers paid more for fuel amid US-Iran conflict, here's who cashed in

The world’s eight largest oil companies made $1 billion in profit every day during the spring quarter. As the US-Iran conflict sent energy prices to $126 per barrel, these firms got massive gains. President Donald Trump said the biggest US oil companies were "making too much money" amid the surge.

MV Electrosystems, Juniper Green Energy shares to list tomorrow. Here's what GMP signals ahead of debut

MV Electrosystems and Juniper Green Energy will list on the BSE and NSE on August 6. MV Electrosystems shares show a strong grey market premium, hinting at a 24 percent gain. Meanwhile, Juniper Green Energy shares show a modest premium. Investors got a big response for these two mainboard IPOs.

Dow futures rise over 200 points as Trump says Hormuz deal could be near; SpaceX, AMD slide

Dow Jones futures rose over 200 points on Wednesday as investors tracked a possible US-Iran deal to reopen the Strait of Hormuz. While markets gained, SpaceX and AMD shares fell after their latest results. Investors now wait for more earnings from major companies like Walt Disney, Uber, and Eli Lilly.

SIAM withdraws E20 fuel quality letter, says findings need further technical validation

The Society of Indian Automobile Manufacturers withdrew a letter sent to the Ministry of Petroleum and Natural Gas regarding E20 fuel quality. SIAM said, "Some numbers quoted in the communication need authentication through collection of elaborate data." The body now says these technical findings need further validation before any action.

RBI holds repo rate at 5.25%: 5 assumptions about EMIs, FD rates and inflation salaried employees shouldn't make

The RBI kept the repo rate unchanged at 5.25% on Wednesday for the fourth consecutive review. Adhil Shetty said, "Borrowers expecting an immediate reduction in EMIs may have to wait a little longer." The central bank raised its FY27 growth forecast to 6.7% but warned that global price pressures remain.