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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…
Richard White Resigns as WiseTech Global Chairman, Raelene Murphy Named Independent Chair
On July 7, 2026, WiseTech Global announced that co-founder Richard White had stepped down as Executive Chairman, bringing another leadership change to the Australian logistics software company. The board appointed Raelene Murphy as Independent Chair with immediate effect. The announcement follows months of governance concerns and investor scrutiny. As WiseTech looks to restore confidence, 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…
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…
Vedanta Power Shares Drop Over 6% Despite 38% Jump in Q1 Power Sales to 5,225 Million Units
Vedanta Power shares fell nearly 6% on Monday, even after the company posted a strong operational update. Power sales for the June quarter rose 38% year on year to 5,225 million units, up from 3,784 million units a year earlier. Investors booked profits anyway, extending a pullback that began Friday. Vedanta Power’s Q1 Sales Jump…