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).

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.

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).