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Vedanta Oil & Gas Falls 9.5% on Q1 Production Update—July 10
Vedanta Oil & Gas shares fell 9.5% on July 6 after Q1 production update. The demerged entity faces headwinds from MSCI deletion and passive fund outflows amid broader Vedanta Group volatility.
KOSPI Enters Bear Market: South Korea’s AI Stock Boom Cracks on July 9
KOSPI drops 20% into bear market as Samsung and SK Hynix tumble on AI spending doubts. Index still up 73% YTD but faces profit-taking after record rally.
Sensex crashes 1,677 points as Trump ends Iran ceasefire on July 8
Sensex fell 1,677 points and Nifty50 dropped 517 points on July 8 as Trump ended the Iran ceasefire, sending oil prices up 7.4% and erasing ₹8 lakh crore in investor wealth.
ED Raids Ex-MLA Deep Narayan Singh Yadav Over ₹23 Crore Asset Case—July 9
ED raids ex-SP MLA Deep Narayan Singh Yadav’s 11 premises in Jhansi and Lucknow over ₹23.02 crore disproportionate assets case. More than 60 criminal cases registered against him.
India, Indonesia Sign $630M BrahMos Missile Deal on July 9
India and Indonesia finalize $630M BrahMos missile deal and 20 other agreements during PM Modi’s visit, including critical minerals, maritime security, and temple restoration projects.
UniCredit Secures 47.6% Commerzbank Stake on July 9, 2026
UniCredit gains 47.6% of Commerzbank after successful share tender. Italian bank nears control but faces German government opposition and ECB regulatory review.
Vedanta Power Shares Fall 3% Despite 38% Q1 Sales Jump—July 09
Vedanta Power Q1 sales jumped 38% to 5,225 MU driven by Meenakshi Energy’s 245% growth, but shares fell 2.8% to Rs 44.45 as brokerages debate valuation.
Rajnath Singh to Inaugurate Lucknow-Kanpur Expressway on July 13, 2026
Defence Minister Rajnath Singh inaugurates 63-km Lucknow-Kanpur Expressway on July 13. Car tolls rising from ₹95 to ₹115. Project cost ₹4,700 crore with six lanes and trauma centre.
Sonos Restructures With 3% Workforce Reduction, Senior Design and Research Executives Depart
Sonos confirmed a 3% workforce reduction last month, cutting roughly 40 employees globally. That trim has since claimed several senior design, product, and research leaders. Some held over a decade of tenure at the Santa Barbara-based audio company. CEO Tom Conrad frames the changes as a push for speed, not cost-cutting. A company spokesperson insists…