📰 India Business Brief: Top Headlines for July 10, 2025

Economic Times

• The Indian stock market is expected to open with a muted start, with GIFT Nifty showing a slight uptick. Investors are closely watching factors such as US President Donald Trump's tariff plans, the latest FOMC meeting minutes, and the upcoming Q1 earnings report from Tata Consultancy Services (TCS).
• Elon Musk's Starlink has received final approval from the Indian National Space Promotion and Authorisation Centre (IN-SPACe) to commence satellite internet operations in India, marking a significant regulatory milestone.
• Gabriel India's stock has seen a substantial 41% surge following the announcement of a strategic reorganization plan for its subsidiaries, aiming for significant revenue growth by 2030.
• Adani Enterprises' ₹500 crore Non-Convertible Debenture (NCD) issue was oversubscribed three times.
• The Reserve Bank of India (RBI) has issued draft norms concerning the novation of Futures and Options (F&Os).
• Equity mutual funds witnessed a healthy recovery in June, with net inflows rising 24% month-on-month to ₹23,587 crore.
• Nomura has initiated coverage on Godrej Properties with a 'reduce' rating and a target price of ₹1900.
• JSW is reportedly looking to take control of MG India amidst SAIC's potential exit.

Business Standard

• ICICI Prudential Asset Management Company (AMC) has filed draft red herring prospectus (DRHP) papers for an initial public offering (IPO) estimated at ₹10,000 crore, with UK-based Prudential Corporation Holdings Ltd (PCHL) planning to divest a 10% stake.
• On July 9, foreign institutional investors (FIIs) net bought shares worth ₹74.48 crore, while domestic institutional investors (DIIs) net bought shares worth ₹1,037.19 crore.
• Sobha Ltd recorded strong Q1FY26 presales performance and has a robust launch pipeline, supporting a 'Buy' rating.

Mint

• Manipal Health has acquired Pune's Sahyadri Hospitals from Ontario Teachers for $760 million, expanding its pan-India footprint.
• Donald Trump has announced a 50% tariff on US copper imports, set to take effect from August 1.
• The Indian stock market today is seeing various expert recommendations for buying or selling stocks, with analysts suggesting specific shares for trade.
• Indosolar's Offer for Sale (OFS) is set to open on July 10, with Waaree Energies planning to sell 10 lakh shares.
• Smartworks Coworking has successfully raised ₹173 crore from anchor investors ahead of its anticipated IPO.
• Fixed deposit interest rates for July 2025 show small finance banks offering up to 8.50%, while major banks like SBI, HDFC Bank, and ICICI Bank provide competitive rates.
• A new AI browser from OpenAI is reportedly in development, posing a potential challenge to Google Chrome.

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