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BusinessUS stocks recovered from earlier losses, with the S&P 500 bouncing back after a global bond selloff. The Labor Department reported a decline in weekly initial jobless claims, signaling a strong labor market. Oil prices surged, raising inflation concerns as Brent crude settled higher. Technology shares gained, boosted by Accenture's positive revenue forecast.
ET Markets·
PoliticsChrista Pike, a US death row inmate, survived a failed execution in Tennessee and is now in critical condition receiving life-saving care. After two injections of pentobarbital, she was taken to a hospital. Her lawyer urged Governor Bill Lee to commute her death sentence, citing her 20 years in solitary confinement and the failed lethal injection attempt as excessive punishment.
News18 World·
WorldA 33-year-old private bank employee from Nagarbhavi, Bengaluru, was duped of Rs 13 lakh in an online home loan scam. The victim, Karan P, was contacted by a fraudster posing as a GM Fincorp representative who falsely claimed to improve his low CIBIL score. Between December 2025 and July 2026, Karan transferred the money as processing fees and other charges. Police have registered an FIR and launched an investigation.
Deccan Herald··Bengaluru
WorldFloodwaters have entered several villages in Saran, Gopalganj, and Muzaffarpur districts of Bihar due to fresh breaches in embankments and dams along the Gandak River. The Shitalpur dam collapsed in Gopalganj, and breaches occurred in Panapur (Saran) and Sahebganj block (Muzaffarpur). Heavy rainfall in Nepal and Uttar Pradesh has caused the river to remain above the highest flood level for over 36 hours at key locations.
The Hindu·
BusinessThe heirs of the INOX Group have filed draft IPO documents for two separate companies, each aiming to raise around ₹10,000 crore from the stock market. The group was split in 2021 between brothers Pavan Jain and Vivek Jain. Pavan Jain and his son Siddharth lead INOX Air Products, filing for a 100% Offer For Sale IPO. Vivek Jain heads the INOXGFL Group, also pursuing a similar IPO.
Hindu Business··Mumbai
WorldFollowing heavy rains, Bengaluru East and North city corporations have stepped up flood-mitigation efforts by identifying vulnerable spots, deploying temporary pumps, and planning permanent improvements to rainwater flow. Officials are investigating waterlogging causes and coordinating long-term solutions. Projects like railway works and disconnected drains have disrupted water flow, with temporary pumping and proposals for larger pipes underway at key underpasses.
Deccan Herald··Bengaluru
ET Markets·
US stocks recovered from earlier losses, with the S&P 500 bouncing back after a global bond selloff. The Labor Department reported a decline in weekly initial jobless claims, signaling a strong labor market. Oil prices surged, raising inflation concerns as Brent crude settled higher. Technology shares gained, boosted by Accenture's positive revenue forecast.
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