📰 India Business Brief: Top Headlines for July 23, 2026

Business Standard

• GIFT Nifty indicates a significant gap-down opening for Indian indices as Brent crude climbs to $95.73 following reports of a tanker fire off the coast of Saudi Arabia.
• Three major IPOs—Xtranet Technologies, Indo-MIM, and Lohia Corp—open for public subscription today, testing investor appetite amid geopolitical uncertainty.
• Banking tech platform BUSINESSNEXT has raised $40 million in Series C funding led by ServiceNow Ventures, valuing the firm at $700 million.
• The IT Ministry is hosting a high-level meeting today with digital safety experts to draft new regulations for children's online protection and social media usage.
• State-run oil refiners BPCL and HPCL have posted losses for the first quarter, hit hard by the sudden spike in crude costs and weak marketing margins.

Economic Times

• MSEDCL (Maharashtra State Electricity Distribution Co) has appointed eight investment bankers for a proposed ₹10,000 crore IPO, marking a historic first for a state-run discom in India.
• Paras Defence’s subsidiary has finalized plans to set up a ₹6,200 crore semiconductor packaging facility in Madhya Pradesh, boosting the "Atmanirbhar Bharat" initiative.
• Temasek International’s India head, Ravi Lambah, highlights a "structural shift" as Indian family businesses increasingly professionalize and open up to institutional investors.
• Samsung has officially debuted the Galaxy Z Fold 8 in the Indian market, aiming to consolidate its lead in the premium foldable segment before Apple's rumored entry.
• JSW Infrastructure has set an ambitious cargo handling target of 127 million tonnes for FY27, despite ongoing disruptions at its Fujairah terminal.

Mint

• The Indian stock market enters its fourth day of a losing streak, with the Sensex having already plummeted 1,400 points over the previous three sessions.
• Lohia Corp successfully raised ₹492.1 crore from anchor investors yesterday, setting a positive tone for its IPO opening at a price band of ₹404-425.
• The Union Government has announced a new ₹40,000 crore corpus dedicated to managing the environmental and social impacts of mine closures nationwide.
• The latest RBI bulletin notes that foreign portfolio investors (FPIs) have turned net buyers again, reflecting long-term confidence in India's macroeconomic fundamentals.
• Market analysts have issued a 'Buy' recommendation for Nestlé India, citing a potential revival in the FMCG sector following robust quarterly earnings.

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