TCS reports soft Q1; Global Equities see risk-off sentiment; Cabinet approves package to bolster health infrastructure; RBI advises banks to speed up transition away from LIBOR contracts; U.S. jobless claims rise unexpectedly

Massive Cabinet reshuffle sees 36 new faces join the ranks; Zomato IPO date advanced to July 14; RBI penalises top banks over provisions; Dow ends at record, while bond yields soften further; Adani in talks to raise $1 bn to fund MIAL debt

Cabinet reshuffle likely today; GST collection falls below Rs 1 lakh cr; S&P 500 snaps 7-day gaining streak; a check of what led to the panic selling in Indian equities with Nifty at 15,900

OPEC+ meeting dissolves into infighting, with Brent Crude above $77/barrel for the first time in two years; ET reports that Zomato’s Rs 9,375-cr could open for subscription on July 19; Twitter no longer has intermediary protection, Centre says; Reliance eyes stake in Portico; Steelmakers cut prices for July

Oil remains elevated as OPEC+ fail to reach agreement; RBI changes bond auction methodology; LIC IPO gathers pace; TCS kicks off Earnings this week; Watch out for India's Services PMI

Oil closes above $75, as OPEC+ meeting ends in stalemate; RBI more positive than before on banks’ health; RBI flags massive stress in MSMEs; Nifty down for 4th day, below 15,700; S&P 500 up 6th day, at record

IMD says India’s rainfall in June was 10% higher than normal; Output of 8 core sectors declined in May; India’s fiscal deficit remains under control; Auto stocks in focus ahead of sales data; Up to 11 IPOs lined up this month

SEBI brings tougher rules for independent directors, will create new ‘accredited investor’ category; Five Indian drugmakers to conduct clinical trials for Covid-19 treatment drug; Record close achieved on Wall Street; India VIX cools off

India’s business activity improves; RIL to invest $1.2-1.5 billion in JV facility with Abu Dhabi National Oil Co in Ruwais; Facebook zooms past $1 trillion after two antitrust cases are dismissed; Tata Motors plans 10 new electric vehicles

Authorities say it’s too early to tell if Delta Plus Covid variant is a significant threat; Terror attack foiled in Jammu after low-intensity blasts reported at Air Force Base; 16,000 eyed on Nifty 50; OPEC+ could ramp up output