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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.
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…
Zhipu AI (HKEX: 2513) Jumps 14.16% on Report of Custom AI Chip Development for GLM Models
Zhipu AI shares skyrocketed 14.16% during intraday trading on July 8, 2026. The stock, listed as Knowledge Atlas Technology, touched HK$1,838.00 by 10:45 AM GMT+5. That marked a gain of HK$228.00 over the previous close of HK$1,610.00. The rally follows a report that Zhipu AI is exploring a custom AI chip for its GLM model…
SENSEX Drops 530 Points, NIFTY50 Slips to 24,244 as West Asia Tensions Drive Oil Prices Higher
On July 8, 2026, Indian stock markets came under heavy selling pressure after fresh tensions in West Asia pushed global crude oil prices higher. The BSE Sensex lost more than 530 points, while the NIFTY50 slipped to 24,244 as investors turned cautious. Because India relies heavily on imported crude oil, any sharp increase in oil…
Capita (LON: CPI) Stock Plunges 15.1% After UK Government Statement on Civil Service Pension Contract
Capita shares fell 15.1% on Tuesday, July 7, 2026, after a ministerial statement on its pension contract. Some reports put the intraday drop as high as 16%. The Paymaster General criticized Capita’s handling of the Civil Service Pension Scheme. This marks another setback in Capita’s troubled outsourcing history. What Triggered Capita’s Stock Plunge Cabinet Office…
FTSE 100 Rises 0.25% as UK House Prices Rebound 0.2% in June; NATO Summit Begins
The FTSE 100 gained 0.25% Tuesday, recovering from Monday’s 0.3% decline. Fresh housing data showed UK house prices rose 0.2% in June, reversing May’s dip. Investors also tracked the NATO summit opening in Ankara. Shell led gainers after lifting its second-quarter production guidance. FTSE 100 Recovers as European Markets Diverge The FTSE 100 climbed 0.25%…
Sam Altman Compares Child’s First Words to GPT-5.6 Math Breakthrough
Sam Altman put GPT-5.6 in an unusual spotlight this week. The OpenAI CEO posted on X that his older child’s first two-word sentence left him roughly as amazed as GPT-5.6 discovering new mathematics. The comparison, shared July 5, 2026, quickly drew both excitement and criticism online. What Altman Actually Said Altman’s exact words read: “Our…
Aastha Spintex Share Price Falls 4.41% on Listing Day: Weak Debut at ₹130 vs ₹136 IPO Price Sparks Sell-Off Debate
Aastha Spintex shares got off to a weak start on the stock market on July 6, 2026. The stock listed at ₹130 against its IPO issue price of ₹136, a discount of 4.41%. The debut came as a surprise because grey market estimates had pointed to modest listing gains. The early decline has prompted investors…
Why Mutual Fund SIPs Are the Smartest Way for NRIs to Build a Wealth Corpus in India
Most people want to build wealth but struggle with where to begin and this challenge is often magnified for NRIs juggling different time zones, currencies, and unfamiliarity with India’s evolving market landscape. A Systematic Investment Plan (SIP) in mutual funds removes that friction. You invest a fixed amount every month, stay invested across market cycles,…