11:11 | US hits Iran for second day, India to fight proposed 12.5% US tariff, and more

The US has launched strikes on Iran for a second straight day, keeping the West Asia war firmly in focus. Meanwhile, India is set to challenge a proposed additional 12.5% tariff at a formal USTR hearing.

Also in this edition of 11:11: Nomura sees 30% upside in Indus Towers after the recent selloff, while JSW Steel reported higher crude steel output in the June quarter.

US military launches strikes on Iran for the second day in a row

The US military declared that it has attacked Iran for the second straight

day on Thursday, July 9, after US President Donald Trump had said on Wednesday that the country "may hit Iran hard again later tonight."

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Trump says 'a lot of unity' at NATO summit after lashing out at allies

President Donald Trump threw a summit of NATO leaders into disarray on Wednesday as he demanded the United States cut trade ties with Spain and made renewed claims on Greenland, but later changed tack and said there had been love and "a lot of unity”.

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Indus Towers Share Price: Nomura says selloff is overdone; sees 30% upside

Shares of Indus Towers Ltd. will be in focus on Thursday, July 9, after brokerage firm Nomura reiterated its 'Buy' rating on the stock and maintained a price target of ₹505 per share.

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JSW Steel Q1: Crude steel output rises 3%; India operations at 94% capacity utilisation

JSW Steel on Thursday, July 9, reported a 3% increase in consolidated crude steel production for the June quarter, to 6.59 million tonnes from 6.38 million tonnes a year earlier, driven by higher output from its Indian operations.

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How gold prices impact your home loan EMI

Gold has often been viewed as a safe haven for investors during times of geopolitical tension, global recession, inflationary pressure, or volatile financial markets due to a lack of confidence in other assets, writes Amit Prakash Singh, Co-Founder and CBO at Urban Money.

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India to oppose proposed 12.5% US tariff at USTR hearing

India will oppose a proposed additional 12.5% tariff on its exports to the US at a formal hearing before the US Trade Representative (USTR) on Thursday, July 9, challenging the legal and economic basis of a Section 301 investigation into alleged forced labour-related trade practices.

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West Asia war's economic impact could linger despite resilient global economy, IMF and others warn

The lingering economic impact of the war in West Asia could continue to weigh on global growth and price stability despite the global economy's resilience, the heads of the International Energy Agency (IEA), International Monetary Fund (IMF), World Bank Group and World Trade Organization (WTO) said on Wednesday, July 8.

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Rupee tanks 52 paise to close at 95.48 against US dollar

The rupee tanked 52 paise to settle at 95.48 against the US dollar on Wednesday as the US launched fresh strikes on Iran after Tehran struck three ships in the Strait of Hormuz, pushing up crude oil prices and strengthening the dollar.

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Indian Army officers may be deployed in Australia; energy, minerals key Modi-Albanese outcomes: Sources

Indian Army officers will be deployed at Australian defence colleges as India and Australia move to deepen military cooperation, with energy security, critical minerals and emerging technologies also expected to be among the key outcomes of bilateral talks, sources told CNBC-TV18.

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Uttarakhand declared fully literate, becomes sixth state in India

Uttarakhand on Wednesday became the country's sixth fully literate state under the National Education Policy (NEP) 2020 and the 'ULLAS' (Understanding Lifelong Learning for All in Society) programme, officials said.

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Meta to build C$13 billion Alberta data center, its first in Canada

Tech giant Meta announced Wednesday (July 8) it will build a massive data center in central Alberta, the company’s first in Canada, as it rapidly builds out computing capacity to support the global AI boom.

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