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Info Edge Shares Surge 12% to ₹1,144.50 After Q1 Billings Rise 14.4% to ₹737 Crore
Info Edge shares jumped nearly 12% on July 7, 2026, reaching ₹1,144.50 after the company reported strong Q1 FY27 business growth. The rally came after the company posted a 14.4% year-on-year rise in billings to ₹737 crore, reflecting stronger demand across its digital platforms. Investors responded positively as the numbers pointed toward better earnings potential…
Kalyan Jewellers Shares Fall Nearly 9% Despite 38% Q1 Revenue Growth; Stock Hits ₹348.35 Intraday Low
Kalyan Jewellers caught investors off guard on July 7, 2026. The company’s shares dropped nearly 9% and touched an intraday low of ₹348.35, even after reporting a strong 38% year-on-year increase in consolidated revenue for the first quarter of FY27. The sharp sell-off left many investors wondering why the market reacted negatively to what appeared…
Syntiant IPO Filed: Intel, Microsoft-Backed AI Chipmaker Reports $64.5M Revenue, $26.2M Net Loss
On July 7, 2026, AI chipmaker Syntiant filed for a US initial public offering (IPO), taking another step towards becoming a publicly traded company. Backed by Intel and Microsoft, the company reported $64.5 million in revenue and a $26.2 million net loss in its latest filing. Interest in AI chip companies remains strong, and investors…
India Market: Sensex Climbs 0.19% as FIIs Return, IT Stocks Rise
On July 7, 2026, India’s stock market traded higher, with the Sensex gaining 0.19% and the Nifty extending its recent strength. The rally came as foreign institutional investors (FIIs) continued buying Indian equities. IT stocks also moved higher as investors prepared for the first-quarter earnings season. Lower crude oil prices added to the positive mood….
China Smartphone Sales Fall 13% During 618 Shopping Festival
China’s smartphone market had a weak showing during the 2026 618 Shopping Festival, one of the country’s largest annual shopping events. Between May 26 and June 21, 2026, smartphone sales fell 13% year over year, even after weeks of promotions and discounts. The decline points to softer consumer spending and higher smartphone prices driven by…
Australian Economy Faces Worst Slowdown Since 1990s Recession
The Australian economy is heading toward its weakest stretch of growth since the early 1990s recession. Deloitte Access Economics now forecasts GDP growth of just 1.3% for 2026/27. That follows a downgrade from an earlier estimate of 1.9%. Inflation, rate hikes, and weak productivity are driving this slowdown across the country. Growth Forecasts Fall Sharply…
Meta News: States Seek $1.4 Trillion Over Facebook, Instagram
On July 7, 2026, Meta disclosed that four US states are seeking up to $1.4 trillion in civil penalties over allegations related to Facebook and Instagram’s effect on young users. The demand comes before a major trial set for August 2026 and is one of the largest legal claims ever brought against a technology company….
ByteDance and Alibaba Disable Custom AI Companion Features Ahead of China’s July 15 AI Regulations
China’s new AI rules will take effect on July 15, 2026, prompting major technology companies to adjust their products before the deadline. In response, ByteDance and Alibaba have started disabling custom AI companion features in their chatbot platforms to comply with the upcoming regulations. The decision reflects China’s stronger oversight of AI safety, transparency, and…
EasyJet Shares Surge Over 10% as £5.5 Billion Castlelake Buyout Bid Enters Final Stages
On July 6, 2026, EasyJet shares jumped more than 10% after the British low-cost airline confirmed it had reached an agreement in principle with U.S. investment firm Castlelake on a £5.5 billion takeover proposal. The announcement lifted investor confidence and fueled expectations that one of the year’s biggest airline acquisitions could move ahead. While the…