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South Indian Bank MD Appointment: Mahesh Pai Gets RBI Nod, Stock Falls 9%
RBI approves Mahesh Muralidhar Pai as South Indian Bank MD & CEO from October 1, 2026. Stock tumbles 9% despite leadership transition. Board approval scheduled July 16.
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.
Cerebras Claims Up to 10x Faster AI Inference as GPT-5.6 Sol Reportedly Reaches 750 Tokens Per Second
On 9 July 2026, AI hardware company Cerebras said its systems can deliver up to 10 times faster AI inference. Reports also suggest GPT-5.6 Sol can generate responses at speeds of 750 tokens per second when running on the company’s platform. The announcement comes as businesses look for faster AI across coding tools, enterprise software,…
Dr Reddy’s (NSE: DRREDDY) Shares Tumble 7% After Semaglutide Launch Delay Due to API Quality Issue
Dr Reddy’s Laboratories shares tumbled nearly 7% on Thursday, July 9, 2026, on the NSE. The Hyderabad-based drugmaker disclosed a quality issue affecting its semaglutide active pharmaceutical ingredient. Certain batches were found out of specification, delaying commercial supplies indefinitely. Shares fell as much as 6.5% to an intraday low of ₹1,261.20 on the BSE. That…
Xiaomi (HK:1810) Unveils Sky Nomad SUV Series, Expanding EV Lineup With Extended-Range Hybrid Models
Xiaomi is making another move in the electric vehicle market. On 9 July 2026, the company introduced its new Sky Nomad SUV series, entering the extended-range electric vehicle (EREV) segment for the first time. The launch expands Xiaomi’s automotive range beyond fully electric models and targets drivers who want extra range without relying entirely on…
MOH Probes LC Nursing Home CEO Over Non-Disclosure of 2004 Misconduct—July 9
MOH investigates LC Nursing Home founder Chia Yang Pong for allegedly failing to disclose 2004 disciplinary actions during licence application. Nursing home faces licence revocation on November 23.
Swiss Doctors Threaten Strike Over New Salary Cap Starting January 2027
Swiss doctors threaten strike over new billing cap limiting them to 1,577 points per day starting January 2027. The measure aims to control healthcare costs.
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.
SGH and NHG Health Warn of Fake Product Ads on TikTok—July 9
SGH and NHG Health warn of fake TikTok ads featuring impostors in hospital uniforms promoting unapproved health products. Both institutions deny association and urge caution.