Business News: Economy & Markets

Soaring housing costs pose threat to global financial stability: WEF

IANS | July 12, 2026 9:06 PM

New Delhi, July 12 (IANS) Housing costs across 21 countries frequently exceed affordable limits, which is leading to continuous wealth erosion and threatening financial stability, and this crisis is expected to pressure household budgets and retirement savings, particularly for younger generations facing demographic shifts, according to a report released by the World Economic Forum (WEF).

India tops global rankings with clean sweep of five gold medals at International Physics Olympiad 2026

IANS | July 12, 2026 6:58 PM

New Delhi, July 12 (IANS) India's five-member team delivered a flawless performance at the 56th International Physics Olympiad (IPhO) 2026 in Colombia, winning five gold medals and helping the country secure the joint World No. 1 rank alongside China, Kazakhstan, Russia, South Korea, and Taiwan.

Expired bread served on Delhi-Bhopal Shatabdi, IRCTC penalises caterer, orders inquiry

IANS | July 12, 2026 6:20 PM

New Delhi, July 12 (IANS) The Indian Railway Catering and Tourism Corporation (IRCTC) has imposed a penalty on a catering service provider after passengers travelling on the New Delhi-Rani Kamalapati Shatabdi Express were served expired bread during breakfast on Saturday.

FII inflows surge after Govt steps to prop rupee: SBI Research

IANS | July 12, 2026 5:36 PM

New Delhi, July 12 (IANS) India has received $7 billion from foreign institutional investors (FIIs) after the government announced measures last month to attract more foreign funds and steady the volatility in the rupee, according to an SBI Research report.

Chinese scientists warn of active fault line beneath China's mega dam on Yarlung Tsangpo

IANS | July 12, 2026 4:09 PM

New Delhi, July 12 (IANS) Chinese scientists have raised fresh concerns over the geological risks facing China's massive hydropower project on the Yarlung Tsangpo river in Tibet, warning that an active fault line beneath the site could threaten the structural stability of the world's largest hydropower dam, a report has said.

China wants African nations to switch from USD to yuan in debt repayments

IANS | July 12, 2026 3:40 PM

New Delhi, July 12 (IANS) Beijing has started asking African countries to shift their debt repayments to China from the US dollar to the yuan as part of its strategy to strengthen its own currency and dent the dominance of the American currency in the global payment system as per a media report.

Top 10 firms add nearly Rs 93,000 crore in market value last week

IANS | July 12, 2026 3:38 PM

Mumbai, July 12 (IANS) The combined market valuation of four of India's 10 most-valued companies increased by Rs 92,995.48 crore during the last week, with HDFC Bank and Bharti Airtel emerging as the biggest gainers, even as the broader equity market ended lower.

India's Russian crude imports jump 34 pc to record high in June

IANS | July 12, 2026 2:52 PM

New Delhi, July 12 (IANS) India's imports of Russian crude oil climbed to a record high in June, even as Russia's overall oil export revenues declined amid softer global prices, according to a report by the Centre for Research on Energy and Clean Air (CREA).

Foreign investors return to Indian equities in July, infuse over Rs 15,000 crore after four months of selling

IANS | July 12, 2026 2:34 PM

Mumbai, July 12 (IANS) Foreign portfolio investors (FPIs) have turned net buyers of Indian equities in July, marking a reversal after four consecutive months of heavy selling, as improving domestic macroeconomic conditions, a stable rupee and stronger global risk sentiment boosted investor confidence.

Southeast Asian countries suffer as China’s thriving rare earth industry poisons Mekong river

IANS | July 12, 2026 1:35 PM

New Delhi, July 12 (IANS) China’s thriving rare earth industry is leading to massive pollution in the Mekong River, that flows downstream into South East Asian countries like Thailand, with heavy metals like arsenic being confirmed in the river’s mainstream sediment, according to a report in Myanmar’s Mizzima news portal.

Business

Soaring housing costs pose threat to global financial stability: WEF

India tops global rankings with clean sweep of five gold medals at International Physics Olympiad 2026

Expired bread served on Delhi-Bhopal Shatabdi, IRCTC penalises caterer, orders inquiry

FII inflows surge after Govt steps to prop rupee: SBI Research

Chinese scientists warn of active fault line beneath China's mega dam on Yarlung Tsangpo

China wants African nations to switch from USD to yuan in debt repayments

Top 10 firms add nearly Rs 93,000 crore in market value last week

India's Russian crude imports jump 34 pc to record high in June

Foreign investors return to Indian equities in July, infuse over Rs 15,000 crore after four months of selling

Southeast Asian countries suffer as China’s thriving rare earth industry poisons Mekong river

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