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What is the story about?
Oil rally extends market pain
A relentless climb in crude oil prices continued to unsettle Dalal Street, with benchmark indices extending their losses for another session. The pressure was visible across asset classes as the rupee weakened, foreign investors remained net sellers and fresh governance concerns surrounding HDFC Bank added another stock-specific trigger.
Rupee under pressure: How Brent crude's surge is affecting the currency
The Indian rupee opened 6 paise lower at 96.63 against the US dollar on Friday (July 24), compared with its previous close of 96.57, as a sharp rise in global crude oil prices weighed on sentiment.
Read more
Also watch: Why crude oil prices are soaring: Strait of Hormuz risks and supply fears explained
Why did Nifty fail to hold 23,800? Top factors behind today's market fall
Indian benchmark indices ended largely in the red on Friday (July 24), with the Sensex falling 332 points to 76,060 and the Nifty 50 declining 102 points to 23,767, failing to hold the 23,800 mark.
Read more
FIIs keep selling, DIIs continue to hold the fort
Foreign institutional investors (FIIs) remained net sellers in Indian equities on Friday, offloading shares worth a provisional ₹3,892.77 crore, while domestic institutional investors (DIIs) continued to offset the selling with net purchases of ₹5,453.55 crore.
Read more
HDFC Bank under investigation from three US law firms for potential securities violations
Three US-based shareholder law firms have launched separate investigations into HDFC Bank over potential violations of US federal securities laws, following media reports earlier this year surrounding the lender's internal probe into alleged irregular payments and broader governance concerns.
Read more
A new tariff reality for India Inc.
The Trump administration's latest trade action has created fresh challenges for Indian exporters, with textiles among the sectors facing higher duties in the US market. At the same time, the country's IT companies continue to grapple with slowing client spending and delayed decision-making despite the global AI boom.
Trump administration imposes 10% tariff on India, lower than proposed 12.5% levy
India will face a 10% US tariff under President Donald Trump’s new trade action against 60 economies over forced-labour imports, lower than the 12.5% levy initially proposed by Washington.
Read more
US Section 301 tariff: Setback for Indian textile exporters
India hasn't received an exemption for textiles and apparel under the new tariffs under Section 301 of the US' Trade Act (1974), which penalises countries for allegedly using forced labour in making products exported to America. India is one of 17 countries, including Canada, Bangladesh, and Pakistan, that face an additional 10% tariff starting tomorrow.
Read more
Why India's IT companies are still struggling despite the AI boom
India's information technology sector began FY27 on a weak note, with subdued demand, project deferrals, deal cancellations and slower decision-making weighing on growth. While Tech Mahindra emerged as the standout performer in the first quarter, the broader sector continues to face the risk of further earnings downgrades.
Read more
Policy, protests and the AI debate
Away from Dalal Street, attention shifted to developments in policy, education and technology. Sonam Wangchuk ended his hunger strike after fresh assurances from the Centre, while talks on the NEET row are set to continue over the weekend. In the tech space, the Delhi High Court's interim order in the ANI-OpenAI copyright dispute and the debate around an AI "kill switch" kept artificial intelligence firmly in focus.
Sonam Wangchuk breaks 26-day fast; Centre assures talks on key demand
Activist Sonam Wangchuk ended his 26-day hunger strike on Thursday, July 23, which he had undertaken in support of protests seeking the resignation of Education Minister Dharmendra Pradhan over the NEET-UG paper leak controversy.
Read more
Also read: Union Cabinet approves draft bill for stricter punishments in paper leak cases
Delhi HC says OpenAI can keep using ANI content to train ChatGPT, for now
The Delhi High Court on Friday, July 24, refused to grant interim relief to Asian News International (ANI) in its copyright infringement suit against OpenAI, holding that the company's use of ANI's news content to train ChatGPT falls within the fair dealing exception under the Copyright Act.
Read more
Also read: What is the AI Kill Switch Act? Why US lawmakers want the power to shut down rogue AI models
Centre, CJP to meet again Saturday after talks on NEET row; govt seeks time on Pradhan demand
The Centre and representatives of the Cockroach Janta Party (CJP) are scheduled to meet again on Saturday after a nearly two-hour meeting on Friday, during which the party raised three key demands and five suggestions for reforms in examinations.
Read more
Also read: Supreme Court agrees to hear plea alleging police excess during Jantar Mantar protests on July 27
That's your Top 10@10 for today. We'll be back next week with another roundup of the biggest stories shaping markets, business and the economy.
A relentless climb in crude oil prices continued to unsettle Dalal Street, with benchmark indices extending their losses for another session. The pressure was visible across asset classes as the rupee weakened, foreign investors remained net sellers and fresh governance concerns surrounding HDFC Bank added another stock-specific trigger.
Rupee under pressure: How Brent crude's surge is affecting the currency
The Indian rupee opened 6 paise lower at 96.63 against the US dollar on Friday (July 24), compared with its previous close of 96.57, as a sharp rise in global crude oil prices weighed on sentiment.
Read more
Also watch: Why crude oil prices are soaring: Strait of Hormuz risks and supply fears explained
Why did Nifty fail to hold 23,800? Top factors behind today's market fall
Indian benchmark indices ended largely in the red on Friday (July 24), with the Sensex falling 332 points to 76,060 and the Nifty 50 declining 102 points to 23,767, failing to hold the 23,800 mark.
Read more
FIIs keep selling, DIIs continue to hold the fort
Foreign institutional investors (FIIs) remained net sellers in Indian equities on Friday, offloading shares worth a provisional ₹3,892.77 crore, while domestic institutional investors (DIIs) continued to offset the selling with net purchases of ₹5,453.55 crore.
Read more
HDFC Bank under investigation from three US law firms for potential securities violations
Three US-based shareholder law firms have launched separate investigations into HDFC Bank over potential violations of US federal securities laws, following media reports earlier this year surrounding the lender's internal probe into alleged irregular payments and broader governance concerns.
Read more
A new tariff reality for India Inc.
The Trump administration's latest trade action has created fresh challenges for Indian exporters, with textiles among the sectors facing higher duties in the US market. At the same time, the country's IT companies continue to grapple with slowing client spending and delayed decision-making despite the global AI boom.
Trump administration imposes 10% tariff on India, lower than proposed 12.5% levy
India will face a 10% US tariff under President Donald Trump’s new trade action against 60 economies over forced-labour imports, lower than the 12.5% levy initially proposed by Washington.
Read more
US Section 301 tariff: Setback for Indian textile exporters
India hasn't received an exemption for textiles and apparel under the new tariffs under Section 301 of the US' Trade Act (1974), which penalises countries for allegedly using forced labour in making products exported to America. India is one of 17 countries, including Canada, Bangladesh, and Pakistan, that face an additional 10% tariff starting tomorrow.
Read more
Why India's IT companies are still struggling despite the AI boom
India's information technology sector began FY27 on a weak note, with subdued demand, project deferrals, deal cancellations and slower decision-making weighing on growth. While Tech Mahindra emerged as the standout performer in the first quarter, the broader sector continues to face the risk of further earnings downgrades.
Read more
Policy, protests and the AI debate
Away from Dalal Street, attention shifted to developments in policy, education and technology. Sonam Wangchuk ended his hunger strike after fresh assurances from the Centre, while talks on the NEET row are set to continue over the weekend. In the tech space, the Delhi High Court's interim order in the ANI-OpenAI copyright dispute and the debate around an AI "kill switch" kept artificial intelligence firmly in focus.
Sonam Wangchuk breaks 26-day fast; Centre assures talks on key demand
Activist Sonam Wangchuk ended his 26-day hunger strike on Thursday, July 23, which he had undertaken in support of protests seeking the resignation of Education Minister Dharmendra Pradhan over the NEET-UG paper leak controversy.
Read more
Also read: Union Cabinet approves draft bill for stricter punishments in paper leak cases
Delhi HC says OpenAI can keep using ANI content to train ChatGPT, for now
The Delhi High Court on Friday, July 24, refused to grant interim relief to Asian News International (ANI) in its copyright infringement suit against OpenAI, holding that the company's use of ANI's news content to train ChatGPT falls within the fair dealing exception under the Copyright Act.
Read more
Also read: What is the AI Kill Switch Act? Why US lawmakers want the power to shut down rogue AI models
Centre, CJP to meet again Saturday after talks on NEET row; govt seeks time on Pradhan demand
The Centre and representatives of the Cockroach Janta Party (CJP) are scheduled to meet again on Saturday after a nearly two-hour meeting on Friday, during which the party raised three key demands and five suggestions for reforms in examinations.
Read more
Also read: Supreme Court agrees to hear plea alleging police excess during Jantar Mantar protests on July 27
That's your Top 10@10 for today. We'll be back next week with another roundup of the biggest stories shaping markets, business and the economy.
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