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Nigerian Naira Strengthens to N1,362 Per Dollar on July 25, 2026
Nigerian naira appreciates to N1,362 per dollar as foreign reserves hit $52 billion and oil prices surge. Official and black market rates both strengthen on improved FX liquidity.
Apar Industries (NSE: APARINDS) Shares Jump 9% After Q1 Profit Soars 78% on Strong Revenue Growth
Apar Industries (NSE: APARINDS) shares climbed nearly 9% on July 24, 2026, after the company posted strong financial results for the first quarter of FY27. Net profit rose 78% from a year earlier, while revenue recorded healthy double-digit growth on the back of solid demand across its core businesses. The results lifted investor sentiment even…
HSBC (LSE: HSBA) to Sell Singapore Insurance Unit for £1.6B, Signs 15-Year Allianz Partnership
HSBC agreed to sell its Singapore life and health insurance business to Allianz on July 24, 2026. The deal values HSBC Life Singapore at S$2.7 billion, or roughly £1.6 billion. It will also enter a 15-year exclusive bancassurance partnership with the German insurer. The transaction generates a pre-tax gain of $1.8 billion and lifts HSBC’s…
EPFO Warns Against Shifting Provident Fund Savings Into Mutual Funds
EPFO issued a clear advisory on Thursday, July 23, 2026, urging employees not to withdraw provident fund savings solely to invest in mutual funds. The retirement body stated that EPF and mutual funds serve fundamentally different financial goals. Posting on social media platform X, EPFO used the tagline “EPF is enough for the wise” to…
IndiGo Shares Fall Over 2% as Weak Q1 Earnings Weigh on Sentiment
IndiGo shares declined over 2% in early Friday trading on July 24, 2026. InterGlobe Aviation, the airline’s parent company, swung to a net loss of ₹237.6 crore in Q1 FY27. That compares sharply with a net profit of ₹2,176.3 crore in the same quarter last year. Rising fuel costs and surging crude prices above $100…
India VIX Jumps 5.51% to 14.22 as Investors Brace for Market Swings
India VIX surged 5.51% to 14.22 in early trade on July 24, 2026, signaling rising investor unease. The Sensex tumbled 579.30 points, or 0.74%, to 75,830.10 by 9:30 AM IST. The Nifty 50 slid 167.20 points, or 0.70%, to 23,702.40, dropping below the 23,750 mark. Escalating Middle East tensions and a sharp crude oil spike…
Meesho Q1 Results: Revenue Jumps 48% as Net Loss Narrows 54%
Meesho reported its Q1 FY27 results on Thursday, July 23, 2026, posting a 48.3% year-on-year jump in revenue to ₹3,713 crore. The consolidated net loss narrowed 54% to ₹132.8 crore, down sharply from ₹289.3 crore in the same quarter last year. Meesho’s net merchandise value climbed 34% year-on-year to ₹11,614 crore for the quarter ended…
Monash Study Finds Microbes Unlock Uranium in 80-Year-Old Mine Waste
Monash University researchers discovered microbes are transforming stable uranium minerals into mobile nanoparticles at abandoned Mount Painter mine, challenging long-held assumptions about mine waste safety.
Cracker Barrel Sells Maple Street Biscuit Co. to Biscuit Belly, Closes 16 Locations July 23
Cracker Barrel sold Maple Street Biscuit Company to Biscuit Belly, closing 16 locations. The sale and a separate $77 million sale-leaseback deal aim to reduce debt and improve profitability.