KPI Green Energy Limited has successfully commissioned 200 MW (AC) / 269 MW (DC) of solar power capacity for Coal India Limited at GIPCL's Solar Park in Khavda, Gujarat. The capacity forms part of a larger 300 MW (AC) / 405 MW (DC) grid-connected, ground-mounted solar PV project being executed by KPI Green Energy on an EPC basis, and has been certified by the Gujarat Energy Development Agency (GEDA).

With this milestone, KPI Green Energy strengthens its presence at Khavda, one of India's largest renewable energy hubs, reinforcing its execution capabilities in utility-scale solar delivery. The company is now working toward commissioning the balance capacity of the project.

The 8th Pay Commission is expected to recommend changes that will affect around 50 lakh central government employees and nearly 65 lakh pensioners. Read full report here

In FY24, India imported nearly 1,53,500 tonnes of lead scrap worth around Rs 2,486 crore, mainly from the United States, the UK and Australia. Please read full report here

WSFx Global Pay Ltd (GlobalPay) (BSE: 511147), the trusted standard in global payments and India's most trusted name in foreign exchange and cross-border payments, today announced the launch of GlobalPay Connect, a Forex Card Distribution Platform, a strategic partner initiative that enables RBI-authorized forex businesses to become Authorized GlobalPay Forex Card Distributors. Through the platform, partners can offer secure, multi-currency forex card solutions to their customers while unlocking new business and revenue opportunities.

GlobalPay Connect is open to Authorized Dealer Category-II (AD II) Forex Dealers, Full-Fledged Money Changers (FFMCs), and Banks, enabling them to offer GlobalPay's secure multi-currency forex cards as part of their product portfolio. Supporting 30 currencies, accepted in 180+ countries, and equipped with Tap & Pay functionality and seamless load/reload through the GlobalPay App (India's First Global Payments & Transit App), the card provides a convenient and secure payment solution for global travellers. The platform also enables partners to unlock new revenue opportunities while strengthening customer relationships through trusted cross-border payment solutions.

Onsurity today announced the launch of Office Drama, India's first theatre-led workplace storytelling IP, alongside an investment of over Rs 1 crore to build it into a long-term cultural platform around the future of work. Designed as more than a one-day event, the initiative brings together theatre, business and workplace conversations while creating sustained opportunities for independent theatre groups through paid creative collaborations, healthcare benefits and year-round content creation.

The inaugural edition of Office Drama brought together nine original plays inspired by modern workplace experiences before an audience of over 300 founders, HR leaders, CXOs, creators and media in Bengaluru. Judged by acclaimed actors Chandan Roy and Rajeev Mehta, the platform marked the coming together of India's startup ecosystem and independent theatre community.

Under new model, half of approved salary hike will be added to an employee's base pay. The remaining half will be paid as a one-time lump-sum amount. Read full report here

Emkay Research has initiated coverage on Aptus Value Housing Finance with a BUY rating and a target price of Rs 360, implying 20% upside from the current market price. The brokerage has also identified Aptus as one of its preferred picks in the housing finance space , citing its strong profitability, high return ratios, and leadership in the affordable housing segment.

Key highlights from the report include:

Hero Homes, the flagship residential brand of Hero Realty, has announced a landmark premium residential development at the DMIC Integrated Industrial Township, Greater Noida. Spread across approximately 17.3 acres with a development potential of nearly 6 million sq. ft., the project represents one of the largest residential developments planned in the region and marks a significant milestone in the company's growth strategy across NCR.

Strategically located within the DMIC Integrated Industrial Township, the project sits within a rapidly emerging residential district that has attracted investments from leading national developers, reflecting growing institutional confidence in the long-term potential of the micro-market. The development is positioned to benefit from the transformative impact of the Noida International Airport, the Delhi-Mumbai Industrial Corridor (DMIC), expanding employment hubs, and extensive regional infrastructure investments that are reshaping Greater Noida into a major economic and residential destination.

Latent View Analytics Limited (BSE: 543542 | NSE: LATENTVIEW), an AI-driven analytics, data engineering, and consulting firm, today announced the appointment of Sonal Ramrakhiani as its Chief Executive Officer, effective July 15, 2026.

Sonal Ramrakhiani brings more than two decades of global leadership experience driving growth across industries, with a strong track record of scaling market-facing organizations, building trusted client partnerships, and converting emerging technology trends into sustainable business growth. Most recently, she led the Wipro Engineering Edge business unit in the Americas. An alumnus of the prestigious Tata Administrative Services (TAS), she has held several senior leadership roles across the Tata Group, including serving as Chief Operating Officer and President - Sales (Automotive) at Tata Technologies. Based in the United States, Sonal will lead LatentView as the company accelerates its global growth strategy, with a strong focus on expanding its presence in the Americas and Europe, while advancing its AI-first vision to help enterprises harness data and analytics for business transformation. 

The Thesis

India closed Friday with Nifty 500 up 0.45% as DII conviction absorbed FII selling - even as Brent spiked 4.6% on Iran deal collapse and US markets shed 1%. The strategy pivots to domestically-anchored, crude-insulated names: specialty pharma, infrastructure pipes, and diversified domestic demand sectors that earn and spend in rupees. GIFT Nifty's +0.71% Monday signal confirms the decoupling holds as the global risk premium reprices.

Where We're Concentrated

The basket clusters around defensive quality and capex continuity. Specialty pharma forms the core defensive layer - insulated from crude cost pressure and FII-driven index volatility. Infrastructure tubes follow government construction budgets regardless of global sentiment. Grasim's paints-and-cement convergence anchors the domestic demand story, while wealth management captures India's deepening HNI capital formation. What breaks the thesis: Brent holding above $92 compressing broader margins and triggering a sharper DII retreat than current flows suggest.

Conviction Picks

Highest Conviction

Cipla

Specialty pharma firewall - domestic formulations growth insulated from crude volatility and global risk-off flows.

Grasim Industries

Paints cycle and UltraTech cement demand converge as government infrastructure spend hits construction ground.

APL Apollo Tubes

Steel tube demand anchored to government construction pipeline, resilient to elevated crude and FII-driven index noise.

360 ONE WAM

HNI wealth management expansion tracks India's deepening domestic capital pools, insulated from crude-driven FII flows.

IPCA Laboratories

API-to-branded-generics integration positions the company ahead of India's next domestic pharma pricing cycle.

One Thing to Watch

Brent above $88 If crude sustains above this level into the week, FII outflows accelerate and rupee pressure - currently cushioned at ₹96.30 by RBI intervention - intensifies; watch whether the DII absorption buffer holds.

According to BSES, a 1-kilowatt rooftop solar system can generate around 4 units of electricity every day, and reduce power bills by 50% or more. Read full report here

The House of Abhinandan Lodha (HoABL), India's leading branded land developer, today announced that its flagship development, Nagpur Marina, has become the first and only project in Central India to qualify as an Alpha Grade Luxury Asset. The recognition positions Nagpur Marina as a new benchmark for investment-grade luxury real estate in the region, reaffirming its strength as a high-quality, long-term investment asset.

Introduced by independent real estate research firm Liases Foras, the Alpha Grade Luxury Asset framework is a research-backed standard that evaluates luxury developments on their ability to deliver long-term value, market resilience, buyer experience and appreciation potential. To qualify, a project must satisfy all five defining pillars of the framework: Brand Credibility, Strategic Location, Lifestyle Product Design, Hospitality & Services Integration, and HNI Community & Exclusivity.

Riya Sehgal, Research Analyst, Delta Exchange

Bitcoin is holding near $64,500 despite renewed US-Iran escalation and Brent crude moving above $90, indicating that sellers have yet to gain decisive control. However, BTC requires a convincing close above the $65,000-$66,000 supply zone to unlock further upside. A break below $64,000 could expose support at $63,200 and $62,300.

Ethereum's short-term structure appears comparatively stronger. Buyers have repeatedly defended the $1,840-$1,850 region, while a confirmed breakout above $1,900 could extend the recovery toward $1,925-$1,950. Conversely, a close below $1,840 would weaken the constructive setup.

Gold remains caught between safe-haven demand and the pressure created by elevated bond yields. After briefly slipping below $4,000, Gold token recovered as buyers absorbed the decline. However, its broader four-hour structure remains cautious, with price still trading beneath declining moving averages. Immediate resistance lies between $4,025 and $4,043; reclaiming this region could trigger short covering toward $4,062. Another rejection followed by a break below $3,990 would expose the $3,980-$3,968 demand zone.

For US equities, upcoming results from Alphabet, Tesla and Intel could determine whether technology stocks stabilise after the semiconductor-led correction. TSMC's confidence in durable AI-chip demand is encouraging, although concerns surrounding future memory-chip oversupply remain a material risk.

Kyari co-founders Agam Choudhary and Saksham Jain have been featured in the Forbes 30 Under 30 Asia 2026 list under the Retail & E-commerce category, recognising their efforts in building one of India's fastest-growing D2C green décor brands.

The recognition comes as Kyari continues its strong growth trajectory, achieving PAT-level profitability, crossing Rs 20 crore in revenue in FY 2025-26, and setting a target of Rs 100 crore in annual revenue by 2027-28.

Founded in April 2022 in Indore, Kyari was built with the vision of making plant care effortless through design, technology, and innovative products. Today, the brand serves 10,00,000+ customers across India, with Bengaluru emerging as its highest-contributing market. Its self-watering Money Plant remains one of its most popular offerings.

Steptrade Capital, an Ahmedabad-based SEBI-registered alternative investment fund manager, has achieved the first close of its unannounced CAT II AIF, Chanakya Opportunities Fund II (COF II), securing more than Rs 100 crore in investor commitments within just three months of launch.

Launched in February 2026 with a target corpus of Rs 500 crore, Chanakya Opportunities Fund II completed its first close through an exclusive initial participation phase. The fund has attracted commitments from ultra-high-net-worth individuals, family offices and sophisticated investors seeking exposure to India's expanding pre-IPO market. With the first close now complete and capital deployment set to begin in August, the fund is opening its next allocation window to a broader pool of eligible investors.

Vikram Subburaj, CEO, Giottus.com

Bitcoin's return to about $64,600 on July 20 marks a recovery from the sub-$58,000 levels seen earlier in the month. However, it does not yet amount to a decisive change in market direction. The price has spent 307 days within the broad $60,000-$70,000 range. The latest rebound remains another move inside that structure until buyers overcome the supply above $65,000.

The recovery nevertheless rests on firmer ground than the headline price suggests because nearly 6% of Bitcoin's circulating supply last moved between $58,000 and $64,000. This concentration creates a large base of holders whose acquisition costs are close to the current market price of $64,600. This reduced the likelihood of indiscriminate selling at the first sign of weakness.

The same cost base also explains why the advance could slow near $65,000-$68,000. Investors who endured the fall below $58,000 may use the recovery to reduce exposure without booking a large loss. This leaves Bitcoin caught between improving support below $64,000 and insufficient conviction above $65,500.

ETF flows illustrate this tension more clearly than the price chart because the $424.7 million withdrawal on July 13 was followed by 4 consecutive sessions of inflows. The turnaround brought in $500.2 million between July 14 and July 17. This helped Bitcoin recover after softer US inflation data encouraged investors to return to risk assets.

The quality of those flows, however, remains uneven because BlackRock's IBIT received $136.5 million on July 17 while Fidelity's FBTC lost $4.2 million. July's available sessions produced a net inflow of only $200.4 million through July 17, showing that the strong final 4 days largely repaired damage from earlier withdrawals.

The macroeconomic backdrop explains why investors are still reluctant to make that commitment despite June headline inflation easing to 3.5%. Core inflation at 2.6% gave the US Federal Reserve room to avoid an immediate increase from its present 3.5%-3.75% policy range. That relief is being challenged by Brent crude trading above $80 a barrel as renewed tensions involving Iran threaten to push energy costs higher again. The July 28-29 Federal Reserve meeting will consequently be judged not only on the interest-rate decision but also on how the central bank assesses the conflict between softer June inflation and renewed oil pressure. The US Q2 growth estimate on July 30 will add another layer because Q1 growth was revised to an annualised 2.1%. Bitcoin's position above its 200-week moving average near $62,873 shows that the long-term structure has not broken under these competing pressures.

The altcoin market reinforces the same assessment because 4 of the 5 largest non-stablecoin altcoins advanced on July 20, yet none gained even 1%. Ethereum rose 0.64% to about $1,879, XRP gained 0.52% to $1.10, and TRON added 0.29% to trade near $0.3267. Solana led the group with a 0.94% increase to approximately $76.78, while BNB declined 0.36% to about $569. These limited moves, alongside Bitcoin dominance of 58.65%, show that investors are not yet rotating aggressively from Bitcoin into higher-risk assets. The market is therefore recovering through selective institutional buying rather than through the broad speculative participation normally visible during an altcoin-led expansion.

Our advice: For investors, $62,800 and $65,500 now define the immediate decision area rather than offering automatic entry or exit signals. A sustained close above $65,500, supported by ETF inflows above $100 million a day, would improve the case for a move towards $68,000 and eventually $70,000. A fall below the $62,873 long-term average would weaken the recovery and place $60,000 at risk, with the deeper cost-basis support near $58,000 becoming relevant again.

Akshat Siddhant, Lead quant analyst, Mudrex

Crude oil continues to rally as the US-Iran conflict intensifies, with prices rising nearly 30% from their July lows after retaliatory attacks by Iran on military bases across three countries. While geopolitical tensions typically support precious metals, gold and silver remain under pressure. Gold has slipped below $4,000 an ounce and silver below $56 as higher oil prices fuel inflation concerns, leading markets to price in a 53% probability of a Federal Reserve rate hike in September. If Gold fails to hold the current levels, a move towards $3,900 is likely.

Akshat Siddhant, Lead quant analyst, Mudrex

Bitcoin is trading around the $64,000 level despite renewed pressure from rising geopolitical tensions that have pushed crude oil above $90 a barrel, weighing on risk assets. However, sustained institutional demand has provided a cushion, with spot Bitcoin ETFs attracting over $500 million in net inflows across four consecutive trading sessions, turning July positive after two months of persistent outflows. Meanwhile, on-chain data indicates that nearly 50% of Bitcoin's circulating supply is currently held at a loss. Historically, this level has often coincided with late-stage capitulation before a market bottom. Investors should watch upcoming US mortgage and jobs data, with resistance at $65,500 and key support near $63,000.

BTC held above $64K supported by renewed institutional demand and improving US regulatory sentiment. Spot Bitcoin ETFs recorded four consecutive sessions of inflows with $500M of inflows, while futures open interest rose too, indicating improved market participation. The 200-week moving average near $60K remains a key structural support, while a move above the 50-day moving average could strengthen upside momentum. Progress on the CLARITY Act remain medium-term catalyst, although geopolitical tensions could continue driving volatility. Investors may consider waiting for pullbacks and accumulating gradually while keeping enough capital aside for further volatility.

Global crypto experts believe India possesses many of the ingredients needed to become a major crypto hub. Read full report here

Nischal Shetty, founder, WazirX

"Crypto markets remained steady, with Bitcoin trading near $64,477 after a marginal 0.47% decline, while Ethereum held around $1,862. Bitcoin is consolidating below $66,000 as traders assess fresh accumulation and derivatives positioning ahead of the Federal Reserve's July 29 policy decision.

On-chain data shows Bitcoin buying concentrated between $62,000 and $65,000, creating an important short-term cost base. Derivatives sentiment remains constructive, with $2.5 billion in Bitcoin call spreads targeting $72,000 by July-end.

Beyond major cryptos, SHIB remained under pressure near $0.000004078 after being excluded from T. Rowe Price's newly launched crypto ETF. However, its holder base reached nearly 1.7 million wallets, while Japan's Rakuten Wallet expanded SHIB's visibility through its physical "Real Coin" collection. Institutional blockchain adoption also advanced, with 84% of surveyed financial firms identifying tokenization as a strategic priority.

According to market analysts, Bitcoin Futures traders could watch $62,000-$65,000 as support and $66,000 as resistance. For Ethereum, moves below $1,754 or above $1,927 could intensify long or short liquidations, respectively."

Rajesh Palviya, Head of Research, Axis Direct

The Nifty 50 ended Friday on a strong note, advancing 261.55 points (1.09%) to close at 24,334.30, led by robust buying in IT and banking heavyweights. Gains in stocks such as Tech Mahindra and Kotak Mahindra Bank outweighed profit booking in metals and pharmaceuticals, reflecting broad-based strength in the market despite a challenging global backdrop.

Global sentiment, however, remained subdued. US equities witnessed sharp selling, with the Nasdaq falling 1.40%, the S&P 500 declining nearly 1%, and the Dow Jones losing 0.77%, as weakness in semiconductor and AI-related stocks weighed heavily on technology shares.

Asian markets also opened on a cautious note, mirroring the overnight weakness on Wall Street. For domestic markets, crude oil remains the most critical variable. Brent crude is hovering near the $90 per barrel mark, its highest level in nearly a month, amid escalating geopolitical tensions between the US and Iran around the Strait of Hormuz. A sustained rise in crude prices could increase inflationary pressures and widen India's import bill. Nevertheless, GIFT Nifty indicates a largely flat opening, as India's IT-services-driven market has relatively limited direct exposure to the semiconductor-led weakness impacting global peers.

From a technical perspective, the trend continues to remain constructive as long as the Nifty sustains above the 24,200 mark. A breach below this level could trigger a decline towards 24,000, followed by 23,800. On the upside, 24,450 remains the immediate resistance, while a decisive move above it could pave the way for 24,600-24,700. The overall bias remains cautiously optimistic, although crude oil prices and developments in the Middle East will continue to dictate near-term market sentiment. Any moderation in geopolitical tensions and energy prices could provide the catalyst for the next leg of the market's upward move.

At the close on Friday, the total market cap of all BSE Sensex companies stood at Rs 4,81,25,544.