Cult.fit IPO: From audit flags to city concentration, DRHP highlights key risks for investors

IANS | July 7, 2026 4:57 PM

New Delhi, July 7 (IANS) Cult.fit, the fitness and wellness platform backed by prominent investors including Temasek, Tata Digital, Accel and Kalaari Capital, has filed its Draft Red Herring Prospectus (DRHP) for an initial public offering (IPO), but the filing also lays out several business and operational risks that prospective investors will need to weigh.

Centre to launch monthly Index of Services Production from July 14

IANS | July 7, 2026 4:52 PM

New Delhi, July 7 (IANS) The government has finalised the framework for India's first Index of Services Production (ISP), with the trial monthly series set to be released on July 14, marking a major step towards improving the measurement of the country's services sector, according to an official statement on Tuesday.

India records 44 pc jump in FDI inflows to rank among world’s top 11: UNCTAD

IANS | July 7, 2026 4:28 PM

New Delhi, July 7 (IANS) India has improved its position by two ranks to become the world’s 11th largest recipient of foreign direct investment (FDI), with inflows surging nearly 44 per cent to $38.89 billion in 2025, according to the United Nations Conference on Trade and Development’s (UNCTAD) 'World Investment Report' released on Tuesday.

India's economy now less vulnerable to monsoon shocks: Report

IANS | July 7, 2026 4:14 PM

New Delhi, July 7 (IANS) India's economy has become less dependent on monsoon rains, with expanding irrigation networks and changing cropping patterns over the last decade insulating agriculture and rural demand from the kind of shocks seen in earlier years, according to a report

Centre dismisses reports of E-25 petrol rollout: Report

IANS | July 7, 2026 3:38 PM

New Delhi, July 7 (IANS) The Centre has dismissed reports of an imminent rollout of E-25 petrol, clarifying that no decision has been taken to increase ethanol blending beyond the current E-20 level and that any future move will be based on scientific testing and technical validation, according to a report.

Centre approves Rs 1,238 crore investment to modernise ITIs, rolls out PM-SETU nationwide

IANS | July 7, 2026 3:05 PM

New Delhi, July 7 (IANS) The Centre has approved the nationwide rollout of the Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs (PM-SETU) scheme and cleared Strategic Investment Plans (SIPs) worth Rs 1,237.58 crore to modernise Industrial Training Institutes (ITIs) through industry partnerships, the Ministry of Skill Development and Entrepreneurship (MSDE) said on Tuesday.

India and China discuss expanding cooperation in trade, economy and people-to-people ties

IANS | July 7, 2026 2:58 PM

Beijing, July 7 (IANS) India and China held discussions on expanding cooperation in trade, economy and people-to-people exchanges. The two sides agreed to strengthen efforts to fully implement the vision of Prime Minister Narendra Modi and Chinese President Xi Jinping for stable and mutually beneficial relations that deliver tangible benefits to the people of both nations.

ChatGPT outage disrupts Codex, Custom GPTs and workspace analytics

IANS | July 7, 2026 2:24 PM

New Delhi, July 7 (IANS) US-based artificial intelligence giant OpenAI's ChatGPT experienced service disruptions on Tuesday, with users reporting issues across several features, including Codex, Custom GPTs and workspace analytics, while the company said it is working to resolve the remaining problems.