📰 India Business Brief: Top Headlines for July 29, 2026

Business Standard

• Geopolitical Tensions and Oil: US and Saudi forces conducted strikes against Iran-backed militia sites in Iraq following drone attacks on petroleum facilities. The escalating conflict has caused Brent crude to fluctuate between $86 and $88 a barrel.
• Suzlon Energy Results: Shares of Suzlon Energy dropped nearly 10% after the company reported a 6% fall in its Q1 profit after tax (PAT), despite a 22% increase in revenue.
• Swiggy Leadership Change: Swiggy Instamart CEO Amitesh Jha has resigned, marking a significant leadership transition for the quick-commerce giant.
• FPI Inflows Decline: Foreign Portfolio Investor (FPI) inflows into Fully Accessible Route (FAR) bonds fell by 74% in July, weighed down by rising crude prices and delays in index inclusion.
• US Fed Preview: Markets are bracing for the U.S. Federal Reserve’s policy message, with a focus on inflation commentary from Kevin Warsh.

Economic Times

• Delhi Lakshmi Yojana: The Delhi government has officially approved the 'Delhi Lakshmi Yojana' scheme, aimed at providing direct financial assistance to women in the capital.
• Adani’s Global Expansion: The Adani Group is reportedly anchoring a bold investment bet on Britain’s largest ports, signaling a major push into international logistics infrastructure.
• Legal Action on Deepfakes: The Bombay High Court is set to hear Union Minister Nitin Gadkari’s plea against Meta, Google, and X regarding AI-generated deepfakes and defamatory posts related to ethanol policy.
• IT Hardware PLI: The Indian government is considering maintaining a ₹7,500 crore outlay for the IT hardware manufacturing Production Linked Incentive (PLI) scheme to boost domestic production.
• Tata Sons IPO Pressure: Tata Sons is facing renewed pressure to go public as investors and analysts seek clarity on the holding company's valuation and listing timeline.

Mint

• Market Performance: The Nifty 50 ended marginally lower at 23,985.35 (-0.04%), while the Sensex slipped 0.09% to settle at 76,765.92.
• IT Sector Rally: IT stocks surged 3.3%, led by Coforge which jumped 10.3% on strong quarterly earnings. The sector has rallied over 5% in two sessions following outlook upgrades.
• HUL Share Slump: Hindustan Unilever (HUL) witnessed its worst single-day drop in six years, tumbling 7% following disappointing quarterly results that missed analyst expectations.
• Oil Price Volatility: Brent crude prices showed significant volatility, recovering 5% to reach $88 a barrel after a brief slide to $86, driven by geopolitical supply shock warnings.
• Stock Recommendations: Market experts have issued "Buy" ratings for eClerx Services (Target ₹2030), Mankind Pharma (Target ₹2800), and CAMS (Target ₹885) based on technical breakouts.

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