Stock markets bounce back after previous session’s drubbing, Sensex climbs 238 points

10/07/2026
mumbai, JUl 9: Stock markets recovered on Thursday, with the benchmark Sensex closing higher by 238 points on broad-based buying by investors after a heavy correction in the previous session. The 30-share BSE Sensex opened higher and jumped further 823.05 points, or 1.07 per cent, to hit a high of 77,326.65 later in the day. The index, however, pared gains due to some profit-taking in the last hour and closed at 76,741.82, up by 238.22 points, or 0.31 per cent. The 50-share NSE Nifty rose by ...

ADB trims India’s FY27 growth projection to 6.6 pc from 6.9 pc, cites higher energy prices

10/07/2026
new delhi, JUl 9: Asian Development Bank on Thursday lowered India's GDP growth projection to 6.6 per cent as against 6.9 per cent estimated earlier for the current fiscal on concerns of higher energy prices fuelled by the Middle East crisis. Despite the growth moderation, India still continues to be the fastest-growing major economy in the world. India's GDP growth forecasts are revised down to 6.6 per cent for FY2026 (ending 31 March 2027) and maintained at 7.3 per cent for FY2027, Asian De...

Gold slips Rs 350 in Delhi as local demand stays muted

10/07/2026
new delhi, JUl 9: Gold fell for the fourth straight session, with prices slipping Rs 350 to Rs 1,48,100 per 10 grams in the national capital on Thursday as a strong rupee and sluggish local demand weighed on the precious metal. The yellow metal of 99.9 per cent purity had closed at Rs 1,48,450 per 10 grams in the previous session. Silver also extended its losses, falling Rs 7,800 to Rs 2,32,000 per kilogram (inclusive of all taxes) from Wednesday's closing level of Rs 2,39,800 per kg. The prec...

Honda to create over 3,800 jobs in India by 2028 with 2-wheeler capacity expansion

10/07/2026
new delhi, JUl 9: Honda Motorcycle & Scooter India, the two-wheeler arm of Japan's Honda Motor Co, expects to create over 3,800 jobs in India as it expands overall annual production capacity to 80 lakh units by 2028, according to its President & CEO Tsutsumu Otani. With India increasingly becoming an important part of Honda's global manufacturing and export strategy, its production capacity is designed not only to cater to domestic demand but also to support growing international markets, Otan...

Govt, Nasscom working on AI curriculum for undergraduate programmes

10/07/2026
THIRUVANANTHAPURAM, Jul 9: The Government is working with IT industry body Nasscom for developing an artificial intelligence curriculum for undergraduate programmes, a senior executive said on Thursday. The National Association of Software and Services Companies (Nasscom) is a leading IT industry body. "The Government is working with Nasscom to review and change the AI curriculum for all undergraduate (programmes)," the industry grouping's President Rajesh Nambiar told PTI. With the increasi...

Govt has done its part on GCC, industry must build capabilities to meet AI challenge: CEA

10/07/2026
new delhi, JUl 9: Chief Economic Adviser V Anantha Nageswaran on Thursday said the government has done its part by announcing several measures in Budget to support Global Capability Centres (GCCs), and called on industry to invest in skilling, capability development and innovation to address the challenges posed by artificial intelligence. Observing that AI has exposed old model, Nageswaran said it is likely to displace routine, repetitive and rule-based tasks, and it would be unrealistic to d...

Govt cuts custom duty on components used in electronics, batteries manufacturing

10/07/2026
new delhi, JUl 9: The government has reduced import costs for a variety of components and capital products used in the production of electronics and batteries by issuing three customs notifications, offering basic customs duty (BCD) exemptions on specific inputs and machinery. The notifications, which were released on July 8, increase the list of machinery that qualifies for concessional duty for the production of lithium-ion cells while extending duty relief for parts used in wireless chargin...