Happy Forgings reported FY26 revenue of ₹1,546 crore, up 9.8%, with the EBITDA margin rising 157 bps to 30.4% and profit after tax up 23.6%. In Q4, revenue rose 20.4% to ₹424 crore and the EBITDA margin expanded to 31.5%. The board recommended a final dividend of ₹4 per equity share (face value ₹2) and also approved expanding a 35 MW solar project and an order book of ₹950 crores for new businesses. The company said the results reflect earnings ahead of expectations and support higher shareholder-return expectations.

As FIFA projects a record €12 billion in revenue, the 2026 World Cup has become crypto's largest live infrastructure test with Kraken as an official sponsor. Backed by an Avalanche-powered ticketing engine that has generated over $25 million in volume, decentralized prediction markets are simultaneously exploding past a $2 billion handle.

Oil prices edged higher as traders weighed the prospect of renewed U.S.-Iran talks in Doha on Tuesday. President Donald Trump said the meeting would take place in Qatar’s capital, while an Iranian Foreign Ministry spokesperson denied that any talks were scheduled. The uncertainty has highlighted the fragility of the interim understanding the two sides reached earlier in June.

On June 30, MCX silver futures for the September contract settled at ₹2,26,327 per kilogram after rebounding nearly 2% (+₹3,693) from the day’s low. The move tracked gains in global markets, with Comex silver futures for September up 1.28% to USD 59.38 per ounce. The rebound followed steep declines in recent sessions, pressured by expectations of tighter US Federal Reserve policy and a stronger dollar. Analysts attributed the bounce to value buying at lower levels.

After U.S. and Israeli airstrikes on Iran, the oil market moved against expectations, with WTI crude briefly falling to $67 a barrel, well below prewar levels. The drop has been attributed to China cutting imports by 3 million barrels per day, releases from strategic reserves, tankers slipping through the Strait of Hormuz blockade, and Trump’s public messaging aimed at steadying expectations. With the ceasefire fragile and Iran recently attacking merchant ships, eased near-term supply pressure has still driven a sharp pullback in prices.

Former NITI Aayog member Ramesh Chand and The Indian Express agriculture editor Harish Damodaran said a June monsoon rainfall shortfall, alongside a strengthening El Nino, poses significant risks to rainfed crops in India. They flagged soybean—more than 95% dependent on rainfall—along with cotton, groundnut, pulses and millets as the most exposed. Rice prices, however, are seen as relatively stable because irrigation coverage is high and buffer stocks are comfortable. They also warned that India’s heavy reliance on edible-oil imports, combined with global weather disruptions, could lift food inflation above 6% in some months, according to The Indian Express.

Ferrari and BMW said they will adopt aluminium wiring at scale in new models, following Tesla and Chinese EV makers in switching away from copper. The move comes as copper prices surged, peaking close to $15,000 per metric ton in late January, while aluminium’s lighter weight also appeals to automakers. JPMorgan forecast about 2% of global copper demand could be replaced by aluminium in 2024, rising to 6% by 2030. Aluminium is currently priced at about $3,100 a ton, roughly a quarter of copper’s price.

Shilpa Medicare subsidiary Shilpa Biologicals has partnered with Finland’s Orion to co-develop and exclusively supply an intravenous nivolumab biosimilar for the European market. Shilpa will manufacture the drug at its facility in Dharwad, Karnataka, while Orion will handle registration, marketing and distribution across Europe. The drug recorded about $4.1 billion in sales in Europe in 2025, based on IQVIA/IMS data cited by the company. Shilpa Medicare shares rose more than 5% after the announcement; financial terms were not disclosed, though the deal includes milestone payments and long-term supply revenue.