11:11 | US hits Iran for tenth night, Trump hits Canada with 50% tariffs, SBI Funds lists at 7% premium

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Ten nights of US strikes on Iran, two tankers on fire in the Strait of Hormuz, and now a threat from Yemen’s Houthis to open a new front against Saudi Arabia. Despite reports of talks through mediators, the West Asia war is showing few signs of cooling — and JPMorgan Chase CEO Jamie Dimon thinks investors may be underestimating the risks facing the global economy.

Trade tensions are heating up, too. US President Donald Trump has imposed 50% tariffs on most Canadian goods, opening another front in his global trade offensive after similar steep tariffs on Brazil. Canadian Prime Minister Mark Carney, meanwhile, says Ottawa remains ready for talks.

Markets have plenty to digest closer home. SBI Funds Management made its stock market debut at a nearly 7% premium to its IPO price, Goldman Sachs sees as much as 38% upside in Jindal Stainless, while Paytm’s sole 'sell' voice on the Street remains unconvinced despite potential positive triggers.

Elsewhere, a US judge has approved Anthropic’s landmark $1.5 billion AI copyright settlement, gold continues to hold above $4,000 an ounce.



From war and tariffs to markets, AI and money, here are 11 stories to get you up to speed.

 

US strikes Iran for tenth straight night; two tankers catch fire in Hormuz

 

The US launched strikes on Iran for the tenth consecutive night on Monday, showing no signs of tensions cooling despite reports of talks going on via mediators. Two oil tankers caught fire in the Strait of Hormuz and Yemen’s Houthis threatened to open a new front against Saudi Arabia.

 

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Trump imposes 50% tariffs on most Canadian goods; Carney says Ottawa ready for talks

 

The US has imposed 50% tariffs on most Canadian goods,

opening a new front in President Donald Trump's escalating global trade offensive after his administration slapped similar steep tariffs on Brazil.

 

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Jamie Dimon says investors are underestimating risks as global economy feels the pressure of conflicts

 

Jamie Dimon, the CEO of one of the biggest financial institutions in the world, JPMorgan Chase, has cautioned the market and has said that investors are underestimating the risk facing the global economy. Furthermore, he also added that he wouldn’t buy either equities or long-dated US Treasuries at their current prices.

 

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SBI Funds debuts at 7% premium over IPO price. Should investors buy after listing?

SBI Funds Management shares made their stock market debut on Tuesday, July 21, after a successful ₹9,813-crore IPO. The stock listed at ₹613.30 on the NSE, a premium of 6.85% over the issue price of ₹574, while it debuted at ₹610 on the BSE, up 6.27%.

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US judge approves Anthropic's $1.5 billion AI copyright settlement, largest in US history

A federal judge in San Francisco on Monday signed off on ‌artificial intelligence company Anthropic's landmark $1.5 billion settlement of a class action lawsuit brought by a group of authors who accused it of misusing their books to train its AI chatbot Claude.

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Sole Paytm 'bear' does not see upside despite potential positive triggers

Brokerage firm CLSA, the only one among the 23 analysts covering One97 Communications, parent company of Paytm, who has a "sell" recommendation on the stock.

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Stocks To Buy: Four key reasons why Goldman Sachs sees this Jindal Group stock rising 38%

Shares of Jindal Stainless Ltd. gained over 2% in early trade on Tuesday, July 21, after brokerage firm Goldman Sachs initiated coverage on the stock with a 'Buy' rating and a Street-high price target of ₹1,000 per share.

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Rupee steady but under pressure as crude oil prices, geopolitical risks weigh

The Indian rupee opened largely steady on Tuesday (July 21) but remained under pressure as elevated crude oil prices and cautious investor sentiment kept demand for the US dollar firm.

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Gold holds above $4,000 an ounce, silver edges higher: What may drive prices next

Gold and silver traded slightly higher in early Tuesday (July 21) trade, supported by lingering geopolitical uncertainty, even as expectations of higher US interest rates continued to limit gains.

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Over 1,000 Punjab farmers stopped at Shambhu border on way to Delhi protest

Farmer leaders from Punjab, Sarwan Singh Pandher, on Tuesday morning slammed the Haryana government for barricading the Shambhu border point to prevent them from heading towards Delhi to participate in the Kisan Mahapanchayat against the proposed India-US trade deal.

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BMC advises Mumbaikars to boil drinking water after heavy rain turns supply muddy

The Brihanmumbai Municipal Corporation (BMC) has advised Mumbai residents to filter and boil drinking water after heavy rainfall in the catchment areas of the city's reservoirs led to muddy water entering the riverbed.

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