KEI Industries’ shares rose 9% to ₹5,475 after a strong June quarter report showing 23% revenue growth to ₹3,190 crore and a 53% EBITDA increase to ₹400 crore. The company plans a ₹700 crore capacity expansion and is expected to revise its FY27 margin guidance upwards.

Strong volume growth and lower input costs boosted margins in the June quarter, with the company saying it does not expect further pricing action in the near term.

Kevin Warsh’s restraint on issuing guidance is exposing deeper structural cracks at the central bank, Jai Kedia writes.

The public issue was available for subscription between July 29 and July 31 and was subscribed 4.92 times overall.

Tom Garfinkel steps down as president, CEO of Dolphins after 13 years, will remain with organization

With the US midterm elections just four months away, a prolonged slowdown would increase pressure on Trump to revive growth even as the Federal Reserve keeps interest rates unchanged and the Iran conflict continues to weigh on energy markets.

The Nifty 50-gold ratio has fallen to 1.70, indicating Indian equities may be undervalued compared to gold. Analysts suggest this could signal a shift towards increased equity exposure and a bullish market outlook if the ratio rises above 2.

Indian stocks closed lower on Tuesday, led by declines in realty, FMCG, and technology sectors. The Nifty 50 fell 0.64% to 24,614, while the Sensex decreased by 0.27% to 78,428, influenced by the newly introduced Closing Auction Session.

Codelco is suspending work on a project designed to extend the life of its biggest copper mine in Chile after identifying a new source of seismic risk a year after a rock burst killed six workers.

Economics may sound like common sense at times, but that mustn’t tempt countries to brush aside expertise in this discipline. From India’s 2016 demonetization to America’s recent tariffs, several cautionary tales exist of instinctive governance going wrong.