Month: July 2026

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…

Dr Reddy’s shares fell sharply on Thursday after the company delayed commercial supplies of its semaglutide product due to a quality issue involving the active pharmaceutical ingredient (API). The company said patient safety and regulatory filings remain unaffected, while an investigation is underway to identify the root cause and restore supplies.

Nifty 500 stocks experienced sharp declines, far exceeding index movements. Several companies saw their values drop by over fifty percent from recent highs. Reliance Power and Cohance Lifesciences are among the biggest losers in this market correction.

The Bank of Japan kept its economic assessment unchanged for all nine regions, indicating confidence in the country’s recovery despite global uncertainties. The central bank said businesses are increasingly passing on higher costs to consumers, reinforcing expectations that inflation is becoming more sustainable.

Meta Platforms will invest C$13 billion in its first Canadian data centre. This facility in Sturgeon County, Alberta, will support artificial intelligence infrastructure expansion. The project highlights Alberta’s energy advantages and favourable business environment for technology firms.

Japan’s Nikkei share average rebounded on Thursday after a three-day losing streak. AI-related shares tracked gains in the U.S. technology sector, boosting the index. Higher oil prices, however, kept investor optimism in check following renewed U.S.-Iran hostilities. The Nikkei 225 index climbed 1.4% to close at 67,743.85 points. Market breadth was negative as gains were…

Apple has signed a chip supply agreement worth more than $30 billion with Broadcom through 2031, strengthening its long-term partnership with the semiconductor company. The deal is expected to boost Broadcom’s revenue visibility, support US manufacturing expansion and reinforce Apple’s reliance on Broadcom’s wireless connectivity technology.

Britain’s housing market displayed signs of stabilization during June. Buyer confidence remains subdued due to inflation and borrowing cost concerns. New buyer enquiries saw a modest improvement, indicating returning market interest. Rental demand is significantly stronger than the sales market. Activity is expected to stay subdued until economic clarity emerges.

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…