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EPF Scheme 2026: New Withdrawal Rules Explained for Indian Workers—July 9
EPF Scheme 2026 replaces 1952 rules with simplified withdrawals, independent opt-out rights, and 20-day claim settlement. Covers 8 crore subscribers in India. Key changes explained.
Euro Falls to 1.1425 as Middle East Tensions Spike Oil Prices—July 8
EUR/USD drops to 1.1425 on July 8 as Middle East escalation drives oil to $76.50/barrel and investors flee to safety. ECB rate hike hopes fade amid energy shock.
Bombay High Court: Mumbai Flooding Is Citizens’ Fault Too, Not Just BMC—July 8
Bombay High Court says Mumbai’s monsoon flooding results from both civic failures and citizens’ actions: encroachments, clogged drains, and misuse of public spaces.
EPFO System Upgrade Complete: Rs 1.44 Lakh Crore Interest by July 15
EPFO’s new centralised portal goes live July 8. Rs 1.44 lakh crore interest at 8.25% credited by July 15 to 34 crore accounts. Faster claims, automated pre-validation, and unified dashboard now available.
Apple (NASDAQ: AAPL) Loses EU Court Challenge as Digital Markets Act Gatekeeper Rules Stand
Apple lost its legal fight against the EU’s Digital Markets Act on July 8, 2026. The General Court in Luxembourg dismissed all three of Apple’s legal challenges. Judges confirmed Apple’s App Store and iOS remain classified as “gatekeeper” services. That designation forces Apple to open its ecosystem to greater competition. The ruling arrives just one…
Crypto Market Today: Bitcoin Near $62,282, BlackRock IBIT Drives $265M ETF Inflows, XRP Slips Despite MiCA Compliance
The crypto market traded lower on July 8, 2026, as Gulf conflict tensions rattled global risk assets. Bitcoin fell 1.67% to $62,282.16, pulling back from last week’s two-week high near $64,500. Ethereum dropped 1.78% to $1,747.39, while XRP slid 3.42% to $1.08. That XRP decline comes despite Ripple securing full MiCA regulatory compliance just two…
OBR Warns UK Debt Could Hit 300% of GDP by 2076 Without Action
OBR warns UK debt could triple to 300% of GDP without fiscal action. Government needs £120bn in tax rises or spending cuts equivalent to entire education budget by 2031-32.
Marksans Pharma (NSE: MARKSANS) Rises Nearly 4% After Acquiring Germany’s ABCnow GmbH
On July 8, 2026, Marksans Pharma (NSE: MARKSANS) climbed nearly 4% after announcing the acquisition of Germany-based ABCnow GmbH. The deal comes only weeks after the company’s expansion into the Netherlands and reflects its continued focus on growing in regulated international markets. Investors are now watching whether these overseas acquisitions will increase revenue, widen the…
Mahesh Muralidhar Pai Set to Head South Indian Bank Following RBI Clearance
Mahesh Muralidhar Pai will become South Indian Bank’s next Managing Director and CEO. The Reserve Bank of India approved his appointment through a letter dated July 7, 2026. Pai’s three-year term begins on October 1, 2026, succeeding outgoing CEO P R Seshadri. He currently serves as Chief General Manager at Canara Bank, leading digital banking…