Indian youths are choosing to rent rather than purchase a house because rising home loan EMIs are pushing them to invest their savings into mutual funds, equities, etc, Moneycontrol reported, citing experts. As per No Broker data, 53% tenants aged 25-34 would rather continue renting than buy homes. Renting also allows geographical flexibility and lifestyle upgrades without added burdens.

Many branded clothes sold at Delhi's Sarojini Nagar come from export surplus or factory rejects with minor stitching or colour defects, experts said. Shopkeepers buy them for ₹100-150 a piece, or cheaper in bulk, and sell them for ₹400-500, earning 20-30% margins. Many garments also travel from US, Canada and other countries via Panipat, major wholesale hub, before reaching Sarojini.

Kotak Mahindra Bank CEO Ashok Vaswani emerged as the highest-paid private sector bank CEO by cash remuneration in FY26, earning ₹17.23 crore. However, HDFC Bank Deputy MD Kaizad Bharucha topped the overall compensation chart after employee stock options were included. Bharucha received ₹17.14 crore in cash remuneration, with his total pay package estimated at around ₹68.15 crore, including ESOPs.

India has attracted nearly $10 billion through the RBI's special NRI deposit scheme, aimed at boosting foreign exchange reserves and supporting the rupee, Reuters reported. Inflows picked up following an RBI clarification allowing banks to extend loans to NRIs against foreign-currency deposits. Analysts estimate the programme could ultimately raise $30 billion to $60 billion.

SBI Funds Management's much-awaited ₹9,813 crore initial public offering (IPO) opened for public subscription on July 14 and received a steady response from investors on the first day. The public issue had been booked over 50%, with retail investors accounting for a significant portion of the demand.

Sensex fell 561 points on July 14, ending a three-day gaining streak, while Nifty 50 fell 159 points, wiping out ₹3 lakh crore in investor wealth. This comes as crude prices rose by approximately 3.4%, with prices trading near $86.15/barrel. Additionally, India's retail inflation rose to 4.38% in June, surpassing RBI's 4% target for the first time since January 2025.

The Indian rupee fell past the 96 mark against the dollar on Tuesday, hitting its weakest level since May 22. The currency depreciated 62 paise to close at 96.3 per dollar as Brent crude oil prices surged by 4%. This comes as the US reimposed the naval blockade on Iran at the Strait of Hormuz amid escalating tensions.

European Union countries imported a record 9.97 million metric tons of LNG from Russia's Yamal facility in the first half of 2026, up 16% from a year earlier, EU data showed. The bloc received 136 cargoes, with more than 97% of Yamal's shipments going to EU ports. Long-term Russian LNG imports will be banned from January 1, 2027.

Wipro is set to announce its Q1 FY27 results on Thursday, July 16, after market hours, with analysts forecasting modest revenue growth but lower operating margins and profit due to salary hikes, weak discretionary spending and slower conversion of large deals. The IT major is likely to remain within its own revenue guidance for the June quarter.

Landmark Cars shares soared up to 17.5% on Tuesday after the premium auto retailer reported a strong Q1 FY27 business update. The stock hit a six-month high of ₹496.70 as record first-quarter sales rose 22.47% year-on-year to ₹1,733 crore, driven by growth in vehicle sales, pre-owned vehicles and after-sales operations.