Manipal Health Enterprises' IPO opened for public subscription on Wednesday and will remain open until July 31. Backed by Temasek and Ranjan Pai, the Bengaluru-based hospital chain aims to raise around ₹9,275 crore through its maiden public offering. The operator of the Manipal Hospitals network has set a price band of ₹560-590 per share.

BSE Sensex rose around 850 points, and Nifty50 jumped around 240 points intraday on Wednesday. The rally is driven by Indian IT stocks' resilience amid a global AI-led selloff, gains in the rupee, renewed foreign investor buying and expectations that US Federal Reserve will keep interest rates unchanged. Markets rose despite a sharp increase in crude oil prices today.

Indian benchmark indices were trading higher on Wednesday despite Iran launching multiple ballistic missiles at US forces in the Middle East and a surge in oil prices. At 9:55 am, the BSE Sensex was up 740.44 points at 77,506.36, while the Nifty 50 gained 218.50 points to 24,203.85. Infosys was the top gainer on the Nifty 50 in early trade.

Speaking about US' Sanctioning Russia bill, which proposes 100% tariffs on India for purchasing Russian crude oil, US Senator Richard Blumenthal explicitly said it targets only China and India. "This bill is carefully crafted to make sure we're not hitting our allies and we're hitting India and China," he said. Notably, Europe and US have trade worth billions with Russia.

Coca-Cola lost market share in India in the second quarter, CFO John Murphy said. This comes after the Middle East war triggered a Diet Coke shortage by disrupting aluminium can supplies, and a subsequent wave of "Diet Coke parties" further boosted demand. Coca-Cola recently increased the price of canned Diet Coke by more than 10% in India, Reuters had reported.

Indian Railways has launched a pilot project using AI-powered cameras to detect stains on washed bedsheets and linen at mechanised laundries in Pune, Jaipur and Jodhpur divisions. The technology works alongside Whito-Meters and CCTV monitoring to improve quality checks, ensuring cleaner bedrolls and a better travel experience for AC passengers.

Maharashtra has launched Bharat Taxi at Navi Mumbai International Airport as a cooperative alternative to private ride-hailing platforms. The zero-commission service allows drivers to become shareholders, eliminates surge pricing and hidden charges, and starts with 600 taxis. The government plans to expand the platform across Maharashtra while creating thousands of new employment opportunities.

Diamond Power Infrastructure Ltd has successfully raised ₹1,613.97 crore through a Qualified Institutional Placement (QIP), strengthening its financial position and providing funds to reduce outstanding borrowings. The company allotted 7.11 crore equity shares to qualified institutional buyers as part of the capital-raising exercise completed on July 28, 2026.

Private sector banks collected ₹4,948.71 crore in minimum balance penalties during FY26, more than twice the ₹2,137.92 crore collected by public sector banks. HDFC Bank and Axis Bank together accounted for nearly 58% of private bank collections, while Jan Dhan and other Basic Savings Bank Deposit Accounts remained fully exempt from such charges.

A CFA Institute study found that only 6% of the 48 Indian finfluencers analysed were SEBI-registered, yet 33% openly recommended stocks. The report also revealed that 37% failed to adequately disclose conflicts of interest, highlighting concerns about transparency, investor protection and the growing influence of social media on investment decisions.