Business News: Economy & Markets

Reliance Infra's Mumbai Metro One signs debt restructuring pact with NARCL

IANS | July 10, 2026 5:51 PM

Mumbai, July 10 (IANS) Reliance Infrastructure Limited on Friday said its subsidiary Mumbai Metro One Private Limited (MMOPL) has entered into a debt restructuring agreement with the National Asset Reconstruction Company Limited (NARCL), resulting in a debt reduction of more than Rs 1,100 crore and the withdrawal of insolvency proceedings against the company.

India's forex reserves rise $7.26 billion to $674.193 billion

IANS | July 10, 2026 5:34 PM

Mumbai, July 10 (IANS) India's foreign exchange reserves surged by $7.260 billion to $674.193 billion in the week ended July 3, reversing the decline recorded in the previous week, according to data released by the Reserve Bank of India (RBI) on Friday.

SBI Funds Management discloses untraceable secretarial records in IPO document

IANS | July 10, 2026 5:20 PM

New Delhi, July 10 (IANS) SBI Funds Management Ltd -- which is set to launch its initial public offering (IPO) next week -- has disclosed in its Red Herring Prospectus (RHP) that it is unable to trace certain historical corporate records and warned that it cannot assure investors that no legal or regulatory action will be initiated in the future over the missing filings.

Centre clarifies on misleading reports on 1600 and 140 series phone numbers

IANS | July 10, 2026 4:36 PM

New Delhi, July 10 (IANS) The government on Friday issued clarifications on certain media reports regarding functioning of designated 1600 series and 140 series, which could potentially lead to misinformation or misinterpretation of operation of these designated series.

Sensex, Nifty end 1 pc higher as IT, financial stocks rally

IANS | July 10, 2026 4:04 PM

Mumbai, July 10 (IANS) Domestic equity benchmarks ended about 1 per cent higher each on Friday, extending their gains on the back of strong buying in information technology (IT), financial stocks, and realty stocks.

SIP inflows hit three-month high in June; Gold ETF inflows surge over 570 pc

IANS | July 10, 2026 3:34 PM

New Delhi, July 10 (IANS) Mutual fund systematic investment plan (SIP) inflows touched a three-month high of Rs 31,781 crore in June -- an increase of 3 per cent month-on-month and 17 per cent from a year ago -- despite volatile market conditions amid West Asia conflict.

India’s UPI welcome in New Zealand as we modernise our economy: Trade Minister

IANS | July 10, 2026 3:25 PM

Auckland, July 10 (IANS) As the Unified Payments Interface (UPI) expands its global footprint, New Zealand is ready to experience the digital payment freedom that comes with India's unique and indigenously developed QR-based system, its Trade and Investment Minister, Todd McClay, said on Friday.

Elecon Engineering Q1 net profit plunges 60 pc, margins shrink

IANS | July 10, 2026 3:12 PM

New Delhi, July 10 (IANS) Elecon Engineering Company Ltd on Friday reported a sharp 60 per cent year-on-year decline in its consolidated net profit for the first quarter of FY27, as margin pressure weighed.

India, New Zealand to build new connectivity links, shipping routes amid global tensions: Trade Minister McClay

IANS | July 10, 2026 3:00 PM

Auckland, July 10 (IANS) As the US-Iran tensions threaten the global supply chain once again, New Zealand's Minister for Trade and Investment, Todd McClay, said on Friday that New Delhi and Wellington are going to build new connectivity links, along with shipping routes being firmed up between the two nations.

India advances towards an AI-ready digital future: Report

IANS | July 10, 2026 2:44 PM

New Delhi, July 10 (IANS) India is shifting from foundational digitisation toward more integrated, accessible and AI‑ready citizen services, with a Digital Government Index score of 58.2, a report said on Friday.

Business

Reliance Infra's Mumbai Metro One signs debt restructuring pact with NARCL

India's forex reserves rise $7.26 billion to $674.193 billion

SBI Funds Management discloses untraceable secretarial records in IPO document

Centre clarifies on misleading reports on 1600 and 140 series phone numbers

Sensex, Nifty end 1 pc higher as IT, financial stocks rally

SIP inflows hit three-month high in June; Gold ETF inflows surge over 570 pc

India’s UPI welcome in New Zealand as we modernise our economy: Trade Minister

Elecon Engineering Q1 net profit plunges 60 pc, margins shrink

India, New Zealand to build new connectivity links, shipping routes amid global tensions: Trade Minister McClay

India advances towards an AI-ready digital future: Report

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