Business

International Business Machines reported disappointing preliminary results on Tuesday. This news caused significant drops in software and IT services company shares. Investors are now concerned about a capital spending pivot impacting the entire industry. Many software stocks experienced notable declines following IBM’s announcement. The sector has faced pressure this year amid artificial intelligence proliferation concerns.

Air transport output contracted nearly fourteen percent in April, reflecting high fuel costs. Railways also saw a slight decline in output during the same month. Fourteen of nineteen services sub-sectors registered double-digit growth, showing overall resilience. Food and accommodation recorded the highest growth, followed by retail trade. Administrative and support services, real estate, and telecom

Oil prices surged beyond eighty-five dollars per barrel on Wednesday. This occurred after the United States reinstated a naval blockade on Iran. Fighting between Washington and Tehran escalated, raising concerns over crude supplies. The United Arab Emirates reported Iranian cruise missile attacks on oil tankers. American forces continued strikes on Iranian military targets across the

Singapore’s high court denied Byju Raveendran’s request to suspend his contempt sentence. The court lifted temporary protection for the Byju’s founder while his appeal is pending. His legal team clarified the hearing focused only on the stay application. The substantive appeal against the contempt finding is yet to be heard. The contempt sentence remains in

The National Company Law Tribunal approved a record 78 resolution plans in April-June. This period saw approvals valued at Rs 5,518 crore, reaching nearly Rs 4.8 lakh crore total. The tribunal faces significant institutional capacity constraints and member vacancies. Current functioning is impacted by 11 unfilled judicial and technical member positions. No new member appointments

Stock market recommendations: Route Mobile, Tata Power, and Dr. Reddy’s Laboratories – these are the top stocks to buy picked by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares for July 15, 2026.

Wholesale inflation reached a 27-month high of 9.9 percent in June. This surge was driven by rising food prices and energy costs. Food prices accelerated to 5.5 percent while mineral prices rose significantly. Fuel prices decelerated slightly to 27.4 percent due to oil market corrections. Recent West Asia flare-ups and El Nino risks add to

Government is accelerating the IDBI Bank stake sale process. Two bidders, Fairfax and Emirates NDB, are being considered. This follows the rejection of earlier bids below the reserve price. Recent foreign investments in Indian banking include Yes Bank and RBL Bank. Mitsubishi UFJ Financial Group also made a significant investment in Shriram Finance.