SEBI has proposed changes to India's portfolio management rules, including a new Mutual Fund-only Portfolio Management Service (MF-PMS). The proposal would halve the minimum investment to ₹25 lakh and reduce the net worth requirement for MF-PMS providers to ₹2 crore. It also seeks to widen investment options and lower entry barriers to expand the wealth management market.

IT services major Infosys' headcount fell by 532 employees in the April-June quarter, taking its total workforce to 328,062. Attrition rose to 13% from 12.6% in the previous quarter on a last-12-month basis. The IT major also hired 4,000 freshers from colleges during the quarter, even as most other IT firms, except TCS, have slowed campus recruitment.

Donald Trump on Friday imposed fresh 10% tariffs on Indian exports to US over inadequate bans on forced labour. Though the tariffs are new, the effective overall tariffs on Indian exports remain unchanged, as the previously applicable 10% tariffs were set to expire on Friday. Thus, the tariffs are only repackaged and are unlikely to add pressure on India's exports.

The price of crude oil has hit a two-month high as it crossed $100/barrel for the first time since May. This comes as a resumption of the US-Iran war and the Houthi warning for Saudi Arabian ships, which disrupted traffic through the Bab al-Mandeb Strait, have renewed market fears. Meanwhile, gas prices have also seen a sharp rise since June.

Adani Enterprises on Friday denied reports that it is planning to enter the airline business. In an exchange filing, the company said it is not evaluating any proposal to launch an airline, calling the reports and market speculation "entirely baseless and factually incorrect." Earlier reports had suggested the group was exploring a joint venture for an airline business.

The US has imposed a 10% tariff on goods imported from India as part of a broader crackdown on products allegedly made using forced labour. India is among 17 countries facing the 10% rate, while 43 others will face 12.5%. The tariffs cover 99.4% of US imports but exempt products including oil and gas, fertilisers and certain food items.

The Centre revealed that the US-Iran war disrupted nearly 26,000 international flights operated by Indian carriers till July 20. This led to significant revenue losses and higher operating costs for airlines as rerouting and prolonged flight durations amid restricted airspaces increased fuel burn. Flights specifically on the North America and Europe routes faced longer flight durations.

Smaller UPI apps urged the National Payments Corporation of India (NPCI) to rethink the UPI Meta launch, warning it could increase PhonePe and Google Pay's market dominance, Moneycontrol reported. UPI Meta will allow customers to save a preferred UPI ID on a merchant website. Smaller platforms fear that users will primarily save IDs linked to the two largest UPI apps.

The price of gold and silver fell on Thursday, following a three-day rally amid a spike in crude oil rates and inflation concerns. While the yellow metal fell to ₹1,44,605 per 10 gm, silver dropped to ₹2,22,480 per kg. On MCX, gold futures with August expiry declined by 1.96% and silver futures with September expiry fell 3.49%.

Healthcare AI platform CARPL.ai has raised $10 million in a Series A round led by IFC, with participation from Stellaris Venture Partners and other investors. The company will use the funding to expand its AI marketplace, partner network and global operations. CARPL plans to broaden its platform beyond radiology into pathology, genomics and general medicine.