South Korea's benchmark KOSPI plunged 10.17% on Tuesday, a day after Chinese company CXMT's shares debuted with a 470% premium on Shanghai's STAR Market. This resulted in heavy selling in SK Hynix and Samsung Electronics, which together make up more than half the index. A global chipmaker selloff also weighed on technology heavyweights across Asia and other major semiconductor markets.

Former UK Home Secretary and Conservative MP Priti Patel said India was "hugely angry" and felt "demoralised" over the UK's failure to extradite fugitive businessman Nirav Modi in the alleged ₹13,000-crore PNB fraud case. She claimed that as a result, Delhi "would really push back" on accepting illegal immigrants during her tenure. "He should be in prison...in India," Patel said.

Leveraged FCNR deposits have gained attention after RBI introduced a concessional swap facility to boost foreign currency inflows. The strategy lets NRIs borrow against FCNR deposits to potentially earn higher returns. However, rising borrowing costs, tax implications, regulatory changes, penalties for premature withdrawal and changes in residential status can reduce or even wipe out the gains.

For the first time in its over 100-year history, Tata Sons has called annual general meeting under extraordinary circumstances. The reappointment of N Chandrasekaran as a director will be among the key items on the agenda during August 18 AGM. The usual routine vote comes amid a regulatory dispute over the composition and functioning of the Sir Ratan Tata Trust.

The transfer of 3,368 Tata Sons shares left by the late Ratan Tata to two charitable entities has been delayed due to an ownership dispute, Moneycontrol reported. A complaint challenges the legality of a 1989 transfer of 833 shares involving the Navajbai Ratan Tata Trust. Executors have postponed the transfer until the ownership issue is resolved.

The Finance Ministry instructed all ministries and departments to enforce the 'one officer, one car' rule for bureaucrats. The ministry's memo said any officer utilising a vehicle will not be granted a second one for any additional posts they hold in another ministry, department, attached/subordinate office, autonomous body or PSU. "Unutilised vehicles should be kept in safe custody," it added.

The managed service provider for the Income Tax Department's e-Filing portal has faced contractual penalties over delays, application outages and poor service, Minister Pankaj Chaudhary said. He added that taxpayers may experience temporary technical issues during peak filing periods due to heavy traffic. Despite the increased load, the e-Filing portal has remained largely stable, he said.

Fundraising through mainboard IPOs, SME IPOs and QIPs rose to a 20-month high in July despite geopolitical tensions and continued foreign investor outflows. Around 36 companies raised ₹52,300 crore, the highest monthly total since November 2024, when 24 companies had raised around ₹56,737 crore. So far in 2026, 167 companies have mobilised ₹1.06 lakh crore through these fundraising routes.

Elon Musk has lost over $600 billion from his peak fortune as SpaceX shares continue to slide. After the stock fell another 4.8% on Monday, his net worth dropped by about $29.5 billion to $695.7 billion, according to Forbes. Musk, who briefly became the world's first trillionaire after SpaceX's post-IPO surge, recently described himself as a “(Former) trillionaire” on X.

Tata Sons Executive Chairman N Chandrasekaran received ₹158.6 crore in total remuneration in FY26, the highest since the company began disclosing executive pay in FY22, Moneycontrol reported. His compensation was ₹155 crore in FY25 and ₹134.8 crore in FY24. The FY26 payout accounted for nearly 80% of the total remuneration paid to all Tata Sons directors.