11:11 | US strikes Iran after Trump's retaliation vow; KPIT, Syngene slide after earnings

Good morning!

Hostilities are growing on the West Asia front.

Hours after President Donald Trump declared "it's our turn to hit" following a missile attack on US bases in Jordan, American forces launched fresh strikes on Iran, signalling that the cycle of retaliation is far from over.

Markets, meanwhile, are recalibrating after the US Federal Reserve left interest rates unchanged. Gold is edging higher, the rupee has strengthened, and investors are now looking to key US inflation data for clues on the path

of monetary policy. Ed Yardeni, one of Wall Street's most-followed market strategists, believes the Fed should have raised rates instead.

Earnings season continues to keep Dalal Street busy. KPIT Technologies and Syngene have come under pressure after their quarterly results.

Beyond markets, OpenAI has revealed that the rogue AI agent behind the Hugging Face breach also targeted four other organisations.

Closer home, India is accelerating its cleaner aviation fuel roadmap ahead of global carbon rules.

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Shares of Syngene International Ltd. opened as much as 8% lower on Thursday, July 30, after the company reported a weaker-than-expected June quarter and lowered its revenue outlook for FY27. Global brokerage Macquarie has retained its 'Outperform' rating on the stock with a price target of ₹735, despite describing the quarter as an all-round miss.

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India speeds up cleaner jet fuel plan before global aviation carbon rules begin in 2027

Union Civil Aviation Minister Ram Mohan Naidu on Wednesday reviewed India's preparedness for the adoption of Sustainable Aviation Fuel (SAF) and implementation of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), directing all stakeholders to speed up action ahead of the mandatory CORSIA phase starting on January 1, 2027.

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