📰 India Business Brief: Top Headlines for August 07, 2026

Business Standard

• Chris Wood Rejigs India Portfolio: Christopher Wood, global head of equity strategy at Jefferies, has updated his India portfolio to include MCX, HDFC Bank, and Lenskart, citing accelerating bank credit growth of 17-18% YoY.
• Corporate Bond Issuances: Market experts anticipate a resumption in corporate bond issuances following a "dovish pause" from the Reserve Bank of India (RBI).
• BSE500 New Highs: Several major stocks, including Shriram Finance, Tata Capital, and AU Small Finance Bank, hit new all-time highs despite foreign institutional investor (FII) volatility in other sectors.
• Arbitrage in Closing Auctions: The aftermath of the new closing price auction system has led to persistent price gaps between the NSE and BSE, fueling a surge in arbitrage trades.
• ONGC Q1 Growth: Higher global crude prices have significantly lifted ONGC’s Q1 earnings, though analysts remain focused on the company's output growth for future rerating.
• SEBI REIT Proposal: The Securities and Exchange Board of India (Sebi) has proposed allowing REITs and InvITs to invest in third-party projects to expand the scope of infrastructure investment.

Economic Times

• Chinese Visa Restrictions: Indian electronics and automobile manufacturers report a sharp drop in Chinese business visa approvals, impacting critical project execution and component imports.
• Oil Market Volatility: Brent crude futures climbed toward $84 per barrel as Iran and Oman proposed banning "hostile" vessels from the Strait of Hormuz, raising fears of supply disruptions.
• BRICS Trade Meet: India is hosting the 16th BRICS Trade Ministers' Meeting in Jaipur today to deliberate on international trade cooperation and a proposed startup innovation fund.
• ET World Leaders Forum: Prime Minister Narendra Modi is scheduled to address the ET World Leaders Forum 2026 in Delhi, focusing on India's role in the global economy.
• Chabahar Port Negotiations: India and Iran are continuing high-level negotiations to finalize long-term operations at the strategic Chabahar Port.

Mint

• Agni-4 Missile Success: India successfully conducted a test-fire of the nuclear-capable Agni-4 ballistic missile off the coast of Odisha this morning.
• Stock Market Divergence: The Nifty and Sensex continue to show diverging closing patterns for the fourth consecutive day, attributed to differences in institutional order flow under the new auction system.
• OpenAI's India Push: OpenAI has announced plans to double down on the Indian market, prioritizing Indic languages and voice-based conversational AI tools.
• Dabur Legal Battle: Consumer goods major Dabur has moved the Delhi High Court to challenge the FSSAI’s ban on "100% fruit juice" claims.
• National Handloom Day: Prime Minister Modi urged citizens to celebrate National Handloom Day today, encouraging the promotion of local weavers through digital content.
• Crypto Tax Reporting: The 2026 Income Tax Return (ITR) season has highlighted significant gaps in cryptocurrency reporting, leading to calls for clearer filing guidelines.

TAGS: Headlines, Business News, Economic Times, Business Standard, Mint, Top News

Tags: Headlines Business News Economic Times Business Standard Mint Top News