Qatar Signals Progress in US-Iran War Talks
Qatar's foreign ministry said mediators including Qatar, Pakistan, and Oman have reached "very progressive stages" in efforts to end the US-Iran war, pushing Brent crude down more than four percent.
Global Affairs · 4 min read
India to Restore UPI Merchant Fees, PhonePe Gains Most
India's government plans to amend the Payment and Settlement Systems Act to restore UPI merchant discount rates, ending the zero-MDR regime in place since January 2020.
Policy & Government · 4 min read
Qatar Mediates US-Iran Talks But No Direct Contact Planned
Qatar confirmed it is mediating between the US and Iran but said no direct talks are currently planned. The clarification follows conflicting statements from President Trump, who claimed talks are under way, and Tehran, which denied any dialogue is happening.
Global Affairs · 3 min read
LIC OFS Opens at 11% Discount, 6.5% Stake on Sale
The Indian government has launched an OFS to sell up to 6.5% of its LIC stake, opening for non-retail investors on August 4, 2026, at a floor price of Rs 382 per share, about 11% below Monday's close. The discounted offering is likely to pressure LIC shares in the near term as supply increases sharply.
Markets · 3 min read
Aramco Q2 Profits Surge as Iran War Lifts Oil Prices
Saudi Aramco reported sharply higher second-quarter 2026 profits as the Iran war restricts global oil supply and pushes crude prices up. Other oil supermajors also posted outsized earnings, raising concerns about sustained fuel cost pressure for importing economies.
Global Affairs · 4 min read
India Tables 2026 Tax and Payments Reform Bill
India's government has introduced the Taxation and Other Laws (Amendment) Bill, 2026, proposing changes to payments regulation, income tax, and the Finance Act to attract FDI and support Make in India. The Bill's final shape will depend on parliamentary debate and committee review.
Policy & Government · 3 min read
Trump Issues Last Chance Warning on Iran Talks
President Trump called current Iran negotiations the "last chance" to end five months of conflict, pushing oil prices higher. Tehran denied formal talks are taking place, raising the risk of a diplomatic breakdown with direct consequences for global energy markets.
Global Affairs · 3 min read
Airtel, ONGC, Nykaa Lead Q1 Results Day
More than a dozen major Indian companies including Bharti Airtel, ONGC, Pidilite, Nykaa, DLF, and Ather Energy report April-June 2026 earnings on August 4. Results span telecom, energy, consumer goods, real estate, and EV sectors, giving markets a broad read on corporate health mid-earnings season.
Markets · 3 min read
Trump Says Iran Talks Live, Tehran Denies It
President Trump said negotiations with Iran are ongoing and described them as Tehran's "last chance" for a deal. Iran denied any talks are taking place, creating a public contradiction that raises the risk of miscalculation in an already high-stakes nuclear standoff.
Global Affairs · 4 min read
India Bill Opens Path to UPI Merchant Fees
The government's Taxation and Other Laws (Amendment) Bill, 2026, proposes to replace the blanket UPI MDR ban with a system allowing the Centre to notify which payment modes stay fee-free.
Policy & Government · 4 min read
Amazon Crosses $3 Trillion Market Cap After Earnings Rally
Amazon shares hit a new all-time high Monday, pushing its market cap above $3 trillion following a sustained post-earnings rally. The milestone places Amazon among the very few companies globally to reach this valuation, with investor focus on AWS and advertising growth driving the move.
Markets · 3 min read
Sensex Gains 500 Points as Oil Falls on Iran Talks
The Sensex rose around 500 points and the Nifty crossed 24,500 on Monday after Donald Trump announced talks with Iran, pushing oil prices lower. IndiGo, ITC, FMCG, and metals led the gains as cheaper crude eased cost and inflation concerns.
Markets · 3 min read
AstraZeneca Drops 7% on $400B BMS Merger Report
AstraZeneca shares dropped around 7% after the Financial Times reported the company held merger talks with Bristol Myers Squibb over several months. A deal would be valued at roughly $400 billion, which would rank among the largest corporate mergers ever attempted.
Markets · 3 min read
Flipkart Enters Food Delivery at 10-11% Commission
Flipkart will launch a food delivery pilot in Bengaluru by mid-August, charging restaurants a 10-11% commission compared to the 25-35% levied by Swiggy and Zomato. The move targets growing restaurant discontent with incumbent platforms and aims to drive daily engagement across Flipkart's 500 million registered users.
Business · 3 min read
Trump Launches Iran Talks, Oil Falls 4.7%
Trump announced fresh US-Iran negotiations starting Monday, stepping back from a threatened major military strike. Oil prices dropped 4.7 percent on the news, while a tanker explosion near Oman underscored continued risk in the Strait of Hormuz.
Global Affairs · 4 min read