According to the NSO, the IIP growth rate accelerated to 7.3% in June 2026 from the quick estimate of 5% reported for May 2026. The revised estimate for May has since been lowered marginally to 5% from 5.1%.
The Ministry of Petroleum and Natural Gas clarified E20 petrol use is not a valid reason for insurance claim rejection. Government sources have dismissed claims that using E20 fuel will invalidate vehicle insurance policies. Assertions about widespread engine damage or insect attraction from ethanol-blended petrol lack scientific basis. The Ethanol Blending Programme is scientifically validated
Investor sentiment was also weighed down by developments in China, including the blockbuster listing of ChangXin Memory Technologies (CXMT) and reports that a Chinese state-backed company has started manufacturing immersion DUV lithography equipment.
Gold price prediction today: Gold prices are rising but are still not out of the woods, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.
Stock market recommendations: REC Ltd, Wipro, LIC Housing Finance, and LTM – these stocks have been identified by Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan as the top stocks to buy on July 28, 2026:
China’s commerce ministry accused American artificial intelligence firms of using Chinese models. This statement follows recent US threats of sanctions against Chinese technology companies. Beijing stated that many US AI companies distilled Chinese models during their development processes. The ministry defended distillation as a common industry practice while criticizing US actions. China vowed to take
The rupee strengthened significantly against the US dollar on Monday. RBI governor Sanjay Malhotra indicated the domestic currency was undervalued. Foreign currency inflows, particularly FCNR(B) deposits, also supported the rupee’s rise. Global crude prices declined sharply, further aiding the currency’s appreciation. Indian stock markets also saw a substantial jump, ending their losing streak.
